COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 |
| | | VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY |
NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
ACTIVISION BLIZZARD INC | COM | 00507V109 | 681 | 10,750 | SH | | SOLE | | 10,750 | 0 | 0 |
ADIENT PLC | COM | G0084W101 | 677 | 8,600 | SH | | SOLE | | 8,600 | 0 | 0 |
ADOBE SYSTEMS INC | COM | 00724F101 | 2,348 | 13,400 | SH | | SOLE | | 13,400 | 0 | 0 |
ALEXION PHARMACEUTICALS, INC. | COM | 015351109 | 239 | 2,000 | SH | | SOLE | | 2,000 | 0 | 0 |
ALIBABA GROUP HLDS LTD | COM | 01609W102 | 4,462 | 25,878 | SH | | SOLE | | 25,878 | 0 | 0 |
ALPHABET INC - CL A | COM | 02079K305 | 7,632 | 7,245 | SH | | SOLE | | 7,245 | 0 | 0 |
ALPHABET INC NON-VOTING CL C | COM | 02079K107 | 2,511 | 2,400 | SH | | SOLE | | 2,400 | 0 | 0 |
AMAZON.COM INC. | COM | 023135106 | 4,327 | 3,700 | SH | | SOLE | | 3,700 | 0 | 0 |
AMBARELLA INC | COM | G037AX101 | 625 | 10,630 | SH | | SOLE | | 10,630 | 0 | 0 |
AMERICAN EXPRESS CO. | COM | 025816109 | 5,396 | 54,330 | SH | | SOLE | | 54,330 | 0 | 0 |
APOLLO GLOBAL MANAGEMENT | COM | 037612306 | 1,740 | 52,000 | SH | | SOLE | | 52,000 | 0 | 0 |
APPLE INC | COM | 037833100 | 47,549 | 280,970 | SH | | SOLE | | 280,970 | 0 | 0 |
AT&T INC | COM | 00206R102 | 2,224 | 57,210 | SH | | SOLE | | 57,210 | 0 | 0 |
BAIDU, INC. | COM | 056752108 | 611 | 2,610 | SH | | SOLE | | 2,610 | 0 | 0 |
BANK OF AMERICA | COM | 060505104 | 4,446 | 150,600 | SH | | SOLE | | 150,600 | 0 | 0 |
BB&T BANK | COM | 054937107 | 2,818 | 56,670 | SH | | SOLE | | 56,670 | 0 | 0 |
BIOGEN IDEC INC | COM | 09062X103 | 956 | 3,000 | SH | | SOLE | | 3,000 | 0 | 0 |
BROADCOM LTD | COM | Y09827109 | 2,724 | 10,605 | SH | | SOLE | | 10,605 | 0 | 0 |
CELGENE CORP | COM | 151020104 | 739 | 7,080 | SH | | SOLE | | 7,080 | 0 | 0 |
CHEVRON | COM | 166764100 | 1,469 | 11,735 | SH | | SOLE | | 11,735 | 0 | 0 |
CHUBB LTD(old ACE LTD) | COM | H1467J104 | 1,067 | 7,300 | SH | | SOLE | | 7,300 | 0 | 0 |
CIGNA CORP | COM | 125509109 | 812 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
CITIGROUP | COM | 172967424 | 6,103 | 82,020 | SH | | SOLE | | 82,020 | 0 | 0 |
CME GROUP INC | COM | 12572Q105 | 2,454 | 16,800 | SH | | SOLE | | 16,800 | 0 | 0 |
COMCAST CORPORATION | COM | 20030N101 | 2,741 | 68,440 | SH | | SOLE | | 68,440 | 0 | 0 |
COMERICA INC. | COM | 200340107 | 4,112 | 47,370 | SH | | SOLE | | 47,370 | 0 | 0 |
CTRIP.COM INTL LTD | COM | 22943F100 | 1,767 | 40,065 | SH | | SOLE | | 40,065 | 0 | 0 |
DEXCOM INC. | COM | 252131107 | 446 | 7,780 | SH | | SOLE | | 7,780 | 0 | 0 |
DOLBY LABORATORIES INC | COM | 25659T107 | 1,488 | 24,000 | SH | | SOLE | | 24,000 | 0 | 0 |
DOWDUPONT INC | COM | 26078J100 | 855 | 12,000 | SH | | SOLE | | 12,000 | 0 | 0 |
EQUITY RESIDENTIAL | COM | 29476L107 | 1,103 | 17,300 | SH | | SOLE | | 17,300 | 0 | 0 |
ERICSSON | COM | 294821608 | 1,198 | 179,300 | SH | | SOLE | | 179,300 | 0 | 0 |
EXXON | COM | 30231G102 | 6,384 | 76,330 | SH | | SOLE | | 76,330 | 0 | 0 |
FACEBOOK | COM | 30303M102 | 6,727 | 38,120 | SH | | SOLE | | 38,120 | 0 | 0 |
FIDELITY NATIONAL | COM | 31620M106 | 2,315 | 24,600 | SH | | SOLE | | 24,600 | 0 | 0 |
GENERAL ELECTRIC CO. | COM | 369604103 | 1,836 | 105,200 | SH | | SOLE | | 105,200 | 0 | 0 |
GILEAD SCIENCES INC | COM | 375558103 | 358 | 5,000 | SH | | SOLE | | 5,000 | 0 | 0 |
GOLDMAN SACHS GROUP | COM | 38141G104 | 1,911 | 7,500 | SH | | SOLE | | 7,500 | 0 | 0 |
GW PHARMACEUTICALS PLC | COM | 36197T103 | 688 | 5,210 | SH | | SOLE | | 5,210 | 0 | 0 |
INDEPENDENT BANK GROUP INC | COM | 45384B106 | 338 | 5,000 | SH | | SOLE | | 5,000 | 0 | 0 |
INTEL CORP | COM | 458140100 | 1,983 | 42,960 | SH | | SOLE | | 42,960 | 0 | 0 |
INTERNATIONAL BUSINESS MACHINE | COM | 459200101 | 663 | 4,320 | SH | | SOLE | | 4,320 | 0 | 0 |
JD COM INC | COM | 47215P106 | 3,286 | 79,336 | SH | | SOLE | | 79,336 | 0 | 0 |
JOHNSON & JOHNSON | COM | 478160104 | 1,953 | 13,980 | SH | | SOLE | | 13,980 | 0 | 0 |
JP MORGAN | COM | 46625H100 | 8,684 | 81,200 | SH | | SOLE | | 81,200 | 0 | 0 |
LAM RESEARCH CORP | COM | 512807108 | 1,841 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
MASTERCARD INC | COM | 57636Q104 | 545 | 3,600 | SH | | SOLE | | 3,600 | 0 | 0 |
MERCK & CO. INC. | COM | 58933Y105 | 788 | 14,000 | SH | | SOLE | | 14,000 | 0 | 0 |
MICROSOFT CORP | COM | 594918104 | 9,643 | 112,730 | SH | | SOLE | | 112,730 | 0 | 0 |
MORGAN STANLEY | COM | 617446448 | 4,198 | 80,000 | SH | | SOLE | | 80,000 | 0 | 0 |
NASDAQ INC. | COM | 631103108 | 2,042 | 26,580 | SH | | SOLE | | 26,580 | 0 | 0 |
NEXTERA ENERGY INC | COM | 65339F101 | 625 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
NORTHERN TRUST | COM | 665859104 | 2,750 | 27,530 | SH | | SOLE | | 27,530 | 0 | 0 |
NXP SEMICONDUCTORS | COM | N6596X109 | 1,042 | 8,900 | SH | | SOLE | | 8,900 | 0 | 0 |
ON SEMICONDUCTOR CORP | COM | 682189105 | 839 | 40,050 | SH | | SOLE | | 40,050 | 0 | 0 |
ORACLE CORP | COM | 68389X105 | 1,996 | 42,220 | SH | | SOLE | | 42,220 | 0 | 0 |
ORBOTECH LTD | COM | M75253100 | 1,180 | 23,490 | SH | | SOLE | | 23,490 | 0 | 0 |
PROGRESSIVE INSURANCE | COM | 743315103 | 1,239 | 22,000 | SH | | SOLE | | 22,000 | 0 | 0 |
PTC INC | COM | 69370C100 | 2,431 | 40,000 | SH | | SOLE | | 40,000 | 0 | 0 |
RAYTHEON & COMPANY | COM | 755111507 | 2,254 | 12,000 | SH | | SOLE | | 12,000 | 0 | 0 |
SALESFORCE.COM | COM | 79466L302 | 975 | 9,540 | SH | | SOLE | | 9,540 | 0 | 0 |
SCHLUMBERGER LTD | COM | 806857108 | 505 | 7,500 | SH | | SOLE | | 7,500 | 0 | 0 |
SEAGATE TECHNOLOGY HOLDINGS | COM | G7945M107 | 209 | 5,000 | SH | | SOLE | | 5,000 | 0 | 0 |
SPIRIT AEROSYSTEMS HLDGS INC | COM | 848574109 | 2,268 | 26,000 | SH | | SOLE | | 26,000 | 0 | 0 |
ST MICRO ELECTRONICS | COM | 861012102 | 1,085 | 49,700 | SH | | SOLE | | 49,700 | 0 | 0 |
STIFEL FINANCIAL CORP | COM | 860630102 | 2,466 | 41,400 | SH | | SOLE | | 41,400 | 0 | 0 |
SUMMIT MATERIALS INC | COM | 86614U100 | 2,033 | 64,648 | SH | | SOLE | | 64,648 | 0 | 0 |
TEREDATA CORP | COM | 88076W103 | 1,108 | 28,800 | SH | | SOLE | | 28,800 | 0 | 0 |
TESLA MOTORS, INC. | COM | 88160R101 | 1,712 | 5,500 | SH | | SOLE | | 5,500 | 0 | 0 |
TEVA PHARMACEUTICAL-SP ADR | COM | 881624209 | 189 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
TEXAS INSTRUMENTS | COM | 882508104 | 839 | 8,030 | SH | | SOLE | | 8,030 | 0 | 0 |
THE BOEING CO | COM | 097023105 | 3,126 | 10,600 | SH | | SOLE | | 10,600 | 0 | 0 |
THE CARLYLE GROUP | COM | 14309L102 | 1,241 | 54,200 | SH | | SOLE | | 54,200 | 0 | 0 |
TRANSOCEAN INC | COM | H8817H100 | 1,175 | 110,000 | SH | | SOLE | | 110,000 | 0 | 0 |
TWILIO INC. | COM | 90138F102 | 453 | 19,200 | SH | | SOLE | | 19,200 | 0 | 0 |
UNITEDHEALTH GROUP | COM | 91324P102 | 1,323 | 6,000 | SH | | SOLE | | 6,000 | 0 | 0 |
US BANCORP | COM | 902973304 | 999 | 18,640 | SH | | SOLE | | 18,640 | 0 | 0 |
US CONCRETE INC | COM | 90333L201 | 1,171 | 14,000 | SH | | SOLE | | 14,000 | 0 | 0 |
VANTIV INC | COM | 92210H105 | 368 | 5,000 | SH | | SOLE | | 5,000 | 0 | 0 |
VERIZON COMMUNICATION INC. | COM | 92343V104 | 4,179 | 78,945 | SH | | SOLE | | 78,945 | 0 | 0 |
VISA INC | COM | 92826C839 | 3,114 | 27,315 | SH | | SOLE | | 27,315 | 0 | 0 |
VORNADO REALTY TRUST | COM | 929042109 | 675 | 8,640 | SH | | SOLE | | 8,640 | 0 | 0 |
WALT DISNEY CO. | COM | 254687106 | 2,655 | 24,700 | SH | | SOLE | | 24,700 | 0 | 0 |
WEIBO CORP ADR | COM | 948596101 | 1,178 | 11,390 | SH | | SOLE | | 11,390 | 0 | 0 |
CONSUMER STAPLES SPDR | ETF | 81369Y308 | 73,008 | 1,283,310 | SH | | SOLE | | 1,283,310 | 0 | 0 |
DB COMMODITY INDEX FUND | ETF | 73935S105 | 4,236 | 255,000 | SH | | SOLE | | 255,000 | 0 | 0 |
ISHARE MSCI EMERGING MARKETS E | ETF | 464287234 | 67,193 | 1,426,000 | SH | | SOLE | | 1,426,000 | 0 | 0 |
ISHARES CORE MSCI EMERGING MKT | ETF | 46434G103 | 106,841 | 1,877,689 | SH | | SOLE | | 1,877,689 | 0 | 0 |
ISHARES CORE TOTAL US BOND ETF | ETF | 464287226 | 29,519 | 270,000 | SH | | SOLE | | 270,000 | 0 | 0 |
ISHARES DJ US REAL ESTATE | ETF | 464287739 | 156,649 | 1,933,700 | SH | | SOLE | | 1,933,700 | 0 | 0 |
ISHARES JAPAN | ETF | 46434G822 | 33,339 | 556,305 | SH | | SOLE | | 556,305 | 0 | 0 |
ISHARES MSCI AUSTRALIA INDEX F | ETF | 464286103 | 20,458 | 882,940 | SH | | SOLE | | 882,940 | 0 | 0 |
ISHARES MSCI CANADA INDEX | ETF | 464286509 | 37,325 | 1,259,286 | SH | | SOLE | | 1,259,286 | 0 | 0 |
ISHARES MSCI CHINA ETF | ETF | 46429B671 | 9,981 | 150,000 | SH | | SOLE | | 150,000 | 0 | 0 |
ISHARES MSCI EAFE GROWTH | ETF | 464288885 | 10,245 | 126,889 | SH | | SOLE | | 126,889 | 0 | 0 |
ISHARES MSCI EAFE INDEX | ETF | 464287465 | 19,110 | 271,800 | SH | | SOLE | | 271,800 | 0 | 0 |
ISHARES MSCI EAFE SMALL CAP | ETF | 464288273 | 13,952 | 216,310 | SH | | SOLE | | 216,310 | 0 | 0 |
ISHARES MSCI EAFE VALUE | ETF | 464288877 | 10,682 | 193,491 | SH | | SOLE | | 193,491 | 0 | 0 |
ISHARES MSCI EUROPE FINANCIALS | ETF | 464289180 | 17,016 | 730,000 | SH | | SOLE | | 730,000 | 0 | 0 |
ISHARES MSCI UNITED KINGDOM | ETF | 46435G334 | 7,612 | 212,520 | SH | | SOLE | | 212,520 | 0 | 0 |
ISHARES MSCI USA MOMENTUM FACT | ETF | 46432F396 | 1,375 | 13,328 | SH | | SOLE | | 13,328 | 0 | 0 |
ISHARES NASDAQ BIOTECH | ETF | 464287556 | 35,170 | 329,400 | SH | | SOLE | | 329,400 | 0 | 0 |
ISHARES S&P 500 GROWTH ETF | ETF | 464287309 | 19,901 | 130,269 | SH | | SOLE | | 130,269 | 0 | 0 |
ISHARES S&P 500 VALUE ETF | ETF | 464287408 | 11,255 | 98,522 | SH | | SOLE | | 98,522 | 0 | 0 |
ISHARES S&P MIDCAP 400/GROWTH | ETF | 464287606 | 11,392 | 52,781 | SH | | SOLE | | 52,781 | 0 | 0 |
ISHARES S&P MIDCAP 400/VALUE E | ETF | 464287705 | 7,102 | 44,358 | SH | | SOLE | | 44,358 | 0 | 0 |
POWERSHARES S&P 500 QUALITY | ETF | 73935X682 | 1,235 | 40,546 | SH | | SOLE | | 40,546 | 0 | 0 |
RUSSELL 2000 INDEX FUND | ETF | 464287655 | 18,008 | 118,116 | SH | | SOLE | | 118,116 | 0 | 0 |
S&P 500 PURE GROWTH | ETF | 78355W403 | 688 | 6,560 | SH | | SOLE | | 6,560 | 0 | 0 |
S&P 500 PURE VALUE | ETF | 78355W304 | 667 | 10,055 | SH | | SOLE | | 10,055 | 0 | 0 |
SELECT SECTOR SPDR- REAL ESTAT | ETF | 81369Y860 | 23,189 | 703,979 | SH | | SOLE | | 703,979 | 0 | 0 |
SELECT SECTOR SPDR-CONSUMER DI | ETF | 81369Y407 | 111,478 | 1,129,580 | SH | | SOLE | | 1,129,580 | 0 | 0 |
SELECT SECTOR SPDR-ENERGY | ETF | 81369Y506 | 204,565 | 2,830,954 | SH | | SOLE | | 2,830,954 | 0 | 0 |
SELECT SECTOR SPDR-FINANCIAL | ETF | 81369Y605 | 119,373 | 4,277,062 | SH | | SOLE | | 4,277,062 | 0 | 0 |
SELECT SECTOR SPDR-HEALTH CARE | ETF | 81369Y209 | 127,491 | 1,541,985 | SH | | SOLE | | 1,541,985 | 0 | 0 |
SELECT SECTOR SPDR-INDUSTRIAL | ETF | 81369Y704 | 92,808 | 1,226,490 | SH | | SOLE | | 1,226,490 | 0 | 0 |
SELECT SECTOR SPDR-MATERIALS | ETF | 81369Y100 | 26,384 | 435,880 | SH | | SOLE | | 435,880 | 0 | 0 |
SELECT SECTOR SPDR-TECHNOLOGY | ETF | 81369Y803 | 194,647 | 3,043,744 | SH | | SOLE | | 3,043,744 | 0 | 0 |
SELECT SECTOR SPDR-UTILITIES | ETF | 81369Y886 | 61,673 | 1,170,715 | SH | | SOLE | | 1,170,715 | 0 | 0 |
SPDR S&P BANK ETF | ETF | 78464A797 | 5,420 | 114,500 | SH | | SOLE | | 114,500 | 0 | 0 |
SPDR S&P OIL & GAS EXPLORATION | ETF | 78464A730 | 11,972 | 322,000 | SH | | SOLE | | 322,000 | 0 | 0 |
SPDR-S&P 500 INDEX | ETF | 78462F103 | 91,145 | 341,545 | SH | | SOLE | | 341,545 | 0 | 0 |
VANECK VECTORS JUNIOR GOLD MIN | ETF | 92189F791 | 4,096 | 120,000 | SH | | SOLE | | 120,000 | 0 | 0 |
VANGUARD FTSE DEVELOPED MARKET | ETF | 921943858 | 43,963 | 980,000 | SH | | SOLE | | 980,000 | 0 | 0 |
VANGUARD FTSE EUROPE ETF | ETF | 922042874 | 20,662 | 349,320 | SH | | SOLE | | 349,320 | 0 | 0 |
Vanguard Extended Market ETF | ETF | 922908652 | 84,133 | 753,000 | SH | | SOLE | | 753,000 | 0 | 0 |