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 |
ADIENT PLC | COM | G0084W101 | 514 | 8,600 | SH | | SOLE | | 8,600 | 0 | 0 |
ADOBE SYSTEMS INC | COM | 00724F101 | 2,895 | 13,400 | SH | | SOLE | | 13,400 | 0 | 0 |
ALEXION PHARMACEUTICALS, INC. | COM | 015351109 | 279 | 2,500 | SH | | SOLE | | 2,500 | 0 | 0 |
ALIBABA GROUP HLDS LTD | COM | 01609W102 | 9,938 | 54,148 | SH | | SOLE | | 54,148 | 0 | 0 |
ALPHABET INC - CL A | COM | 02079K305 | 7,099 | 6,845 | SH | | SOLE | | 6,845 | 0 | 0 |
ALPHABET INC NON-VOTING CL C | COM | 02079K107 | 2,476 | 2,400 | SH | | SOLE | | 2,400 | 0 | 0 |
AMAZON.COM INC. | COM | 023135106 | 4,226 | 2,920 | SH | | SOLE | | 2,920 | 0 | 0 |
AMERICAN EXPRESS CO. | COM | 025816109 | 5,068 | 54,330 | SH | | SOLE | | 54,330 | 0 | 0 |
ANTHEM INC | COM | 036752103 | 747 | 3,400 | SH | | SOLE | | 3,400 | 0 | 0 |
APOLLO GLOBAL MANAGEMENT | COM | 037612306 | 1,244 | 42,000 | SH | | SOLE | | 42,000 | 0 | 0 |
APPLE INC | COM | 037833100 | 44,423 | 264,770 | SH | | SOLE | | 264,770 | 0 | 0 |
AT&T INC | COM | 00206R102 | 1,815 | 50,910 | SH | | SOLE | | 50,910 | 0 | 0 |
AXIS CAPITAL HOLDINGS LTD | COM | G0692U109 | 489 | 8,500 | SH | | SOLE | | 8,500 | 0 | 0 |
BAIDU, INC. | COM | 056752108 | 1,094 | 4,900 | SH | | SOLE | | 4,900 | 0 | 0 |
BANK OF AMERICA | COM | 060505104 | 3,251 | 108,400 | SH | | SOLE | | 108,400 | 0 | 0 |
BB&T BANK | COM | 054937107 | 1,247 | 23,970 | SH | | SOLE | | 23,970 | 0 | 0 |
BIOGEN IDEC INC | COM | 09062X103 | 821 | 3,000 | SH | | SOLE | | 3,000 | 0 | 0 |
BLACKROCK INC | COM | 09247X101 | 379 | 700 | SH | | SOLE | | 700 | 0 | 0 |
BLACKSTONE GROUP | COM | 09253U108 | 383 | 12,000 | SH | | SOLE | | 12,000 | 0 | 0 |
CBOE HOLDINGS | COM | 12503M108 | 2,293 | 20,100 | SH | | SOLE | | 20,100 | 0 | 0 |
CHEVRON | COM | 166764100 | 1,338 | 11,735 | SH | | SOLE | | 11,735 | 0 | 0 |
CHUBB LTD(old ACE LTD) | COM | H1467J104 | 998 | 7,300 | SH | | SOLE | | 7,300 | 0 | 0 |
CIGNA CORP | COM | 125509109 | 671 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
CITIGROUP | COM | 172967424 | 4,185 | 62,000 | SH | | SOLE | | 62,000 | 0 | 0 |
CME GROUP INC | COM | 12572Q105 | 2,264 | 14,000 | SH | | SOLE | | 14,000 | 0 | 0 |
COMCAST CORPORATION | COM | 20030N101 | 1,367 | 40,000 | SH | | SOLE | | 40,000 | 0 | 0 |
COMERICA INC. | COM | 200340107 | 2,940 | 30,650 | SH | | SOLE | | 30,650 | 0 | 0 |
CTRIP.COM INTL LTD | COM | 22943F100 | 2,162 | 46,365 | SH | | SOLE | | 46,365 | 0 | 0 |
DEXCOM INC. | COM | 252131107 | 577 | 7,780 | SH | | SOLE | | 7,780 | 0 | 0 |
DOLBY LABORATORIES INC | COM | 25659T107 | 1,462 | 23,000 | SH | | SOLE | | 23,000 | 0 | 0 |
DOWDUPONT INC | COM | 26078J100 | 255 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
EDWARDS LIFESCIENCES CORP. | COM | 28176E108 | 1,639 | 11,750 | SH | | SOLE | | 11,750 | 0 | 0 |
ERICSSON | COM | 294821608 | 320 | 50,000 | SH | | SOLE | | 50,000 | 0 | 0 |
EXPEDIA | COM | 30212P303 | 276 | 2,500 | SH | | SOLE | | 2,500 | 0 | 0 |
EXXON | COM | 30231G102 | 2,499 | 33,500 | SH | | SOLE | | 33,500 | 0 | 0 |
FACEBOOK | COM | 30303M102 | 5,580 | 34,920 | SH | | SOLE | | 34,920 | 0 | 0 |
FIDELITY NATIONAL | COM | 31620M106 | 2,369 | 24,600 | SH | | SOLE | | 24,600 | 0 | 0 |
GENERAL ELECTRIC CO. | COM | 369604103 | 1,459 | 108,200 | SH | | SOLE | | 108,200 | 0 | 0 |
GILEAD SCIENCES INC | COM | 375558103 | 1,312 | 17,400 | SH | | SOLE | | 17,400 | 0 | 0 |
GOLDMAN SACHS GROUP | COM | 38141G104 | 1,889 | 7,500 | SH | | SOLE | | 7,500 | 0 | 0 |
GW PHARMACEUTICALS PLC | COM | 36197T103 | 587 | 5,210 | SH | | SOLE | | 5,210 | 0 | 0 |
INDEPENDENT BANK GROUP INC | COM | 45384B106 | 1,994 | 28,200 | SH | | SOLE | | 28,200 | 0 | 0 |
INTEL CORP | COM | 458140100 | 656 | 12,600 | SH | | SOLE | | 12,600 | 0 | 0 |
INTERNATIONAL BUSINESS MACHINE | COM | 459200101 | 663 | 4,320 | SH | | SOLE | | 4,320 | 0 | 0 |
JAZZ PHARMACEUTICALS PLC | COM | G50871105 | 624 | 4,130 | SH | | SOLE | | 4,130 | 0 | 0 |
JD COM INC | COM | 47215P106 | 4,079 | 100,736 | SH | | SOLE | | 100,736 | 0 | 0 |
JOHNSON & JOHNSON | COM | 478160104 | 1,792 | 13,980 | SH | | SOLE | | 13,980 | 0 | 0 |
JP MORGAN | COM | 46625H100 | 7,456 | 67,800 | SH | | SOLE | | 67,800 | 0 | 0 |
LAM RESEARCH CORP | COM | 512807108 | 1,219 | 6,000 | SH | | SOLE | | 6,000 | 0 | 0 |
MASTERCARD INC | COM | 57636Q104 | 1,016 | 5,800 | SH | | SOLE | | 5,800 | 0 | 0 |
MERCK & CO. INC. | COM | 58933Y105 | 763 | 14,000 | SH | | SOLE | | 14,000 | 0 | 0 |
MICROSOFT CORP | COM | 594918104 | 9,102 | 99,730 | SH | | SOLE | | 99,730 | 0 | 0 |
MORGAN STANLEY | COM | 617446448 | 3,993 | 74,000 | SH | | SOLE | | 74,000 | 0 | 0 |
NASDAQ INC. | COM | 631103108 | 1,147 | 13,300 | SH | | SOLE | | 13,300 | 0 | 0 |
NETEASE INC (ADR) | COM | 64110W102 | 967 | 3,450 | SH | | SOLE | | 3,450 | 0 | 0 |
NEW ORIENTAL EDUCATION & TECH | COM | 647581107 | 3,908 | 44,590 | SH | | SOLE | | 44,590 | 0 | 0 |
NEXTERA ENERGY INC | COM | 65339F101 | 490 | 3,000 | SH | | SOLE | | 3,000 | 0 | 0 |
NORTHERN TRUST | COM | 665859104 | 586 | 5,680 | SH | | SOLE | | 5,680 | 0 | 0 |
PFIZER | COM | 717081103 | 639 | 18,000 | SH | | SOLE | | 18,000 | 0 | 0 |
PROGRESSIVE INSURANCE | COM | 743315103 | 427 | 7,000 | SH | | SOLE | | 7,000 | 0 | 0 |
PTC INC | COM | 69370C100 | 2,652 | 34,000 | SH | | SOLE | | 34,000 | 0 | 0 |
RAYTHEON & COMPANY | COM | 755111507 | 3,173 | 14,700 | SH | | SOLE | | 14,700 | 0 | 0 |
SCHLUMBERGER LTD | COM | 806857108 | 842 | 13,000 | SH | | SOLE | | 13,000 | 0 | 0 |
SPIRIT AEROSYSTEMS HLDGS INC | COM | 848574109 | 2,176 | 26,000 | SH | | SOLE | | 26,000 | 0 | 0 |
STIFEL FINANCIAL CORP | COM | 860630102 | 2,926 | 49,400 | SH | | SOLE | | 49,400 | 0 | 0 |
SUMMIT MATERIALS INC | COM | 86614U100 | 1,958 | 64,648 | SH | | SOLE | | 64,648 | 0 | 0 |
TAIWAN SEMICONDUCTOR MFG CO | COM | 874039100 | 254 | 5,800 | SH | | SOLE | | 5,800 | 0 | 0 |
TESLA MOTORS, INC. | COM | 88160R101 | 532 | 2,000 | SH | | SOLE | | 2,000 | 0 | 0 |
TEVA PHARMACEUTICAL-SP ADR | COM | 881624209 | 171 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
TEXAS INSTRUMENTS | COM | 882508104 | 834 | 8,030 | SH | | SOLE | | 8,030 | 0 | 0 |
THE BOEING CO | COM | 097023105 | 2,951 | 9,000 | SH | | SOLE | | 9,000 | 0 | 0 |
THE CARLYLE GROUP | COM | 14309L102 | 1,157 | 54,200 | SH | | SOLE | | 54,200 | 0 | 0 |
TRANSOCEAN INC | COM | H8817H100 | 1,158 | 117,000 | SH | | SOLE | | 117,000 | 0 | 0 |
UNITEDHEALTH GROUP | COM | 91324P102 | 1,284 | 6,000 | SH | | SOLE | | 6,000 | 0 | 0 |
US CONCRETE INC | COM | 90333L201 | 423 | 7,000 | SH | | SOLE | | 7,000 | 0 | 0 |
VALEANT PHARMACEUTICALS | COM | 91911K102 | 239 | 15,000 | SH | | SOLE | | 15,000 | 0 | 0 |
VERIZON COMMUNICATION INC. | COM | 92343V104 | 3,559 | 74,420 | SH | | SOLE | | 74,420 | 0 | 0 |
VERTEX PHARMACEUTICALS | COM | 92532F100 | 864 | 5,300 | SH | | SOLE | | 5,300 | 0 | 0 |
VISA INC | COM | 92826C839 | 3,267 | 27,315 | SH | | SOLE | | 27,315 | 0 | 0 |
WALT DISNEY CO. | COM | 254687106 | 1,406 | 14,000 | SH | | SOLE | | 14,000 | 0 | 0 |
WEIBO CORP ADR | COM | 948596101 | 837 | 7,000 | SH | | SOLE | | 7,000 | 0 | 0 |
WORLDPAY INC | COM | 981558109 | 411 | 5,000 | SH | | SOLE | | 5,000 | 0 | 0 |
ZTO EXPRESS CAYMAN INC | COM | 98980A105 | 465 | 31,000 | SH | | SOLE | | 31,000 | 0 | 0 |
BARCLAYS BK PLC(IPATH SP500 VI | ETF | 06746L422 | 2,839 | 60,000 | SH | | SOLE | | 60,000 | 0 | 0 |
CONSUMER STAPLES SPDR | ETF | 81369Y308 | 65,488 | 1,244,310 | SH | | SOLE | | 1,244,310 | 0 | 0 |
DB COMMODITY INDEX FUND | ETF | 73935S105 | 4,330 | 255,000 | SH | | SOLE | | 255,000 | 0 | 0 |
ISHARE MSCI EMERGING MARKETS E | ETF | 464287234 | 186,428 | 3,861,400 | SH | | SOLE | | 3,861,400 | 0 | 0 |
ISHARES CORE MSCI EMERGING MKT | ETF | 46434G103 | 105,382 | 1,804,489 | SH | | SOLE | | 1,804,489 | 0 | 0 |
ISHARES CORE TOTAL US BOND ETF | ETF | 464287226 | 98,155 | 915,200 | SH | | SOLE | | 915,200 | 0 | 0 |
ISHARES DJ US REAL ESTATE | ETF | 464287739 | 43,191 | 572,300 | SH | | SOLE | | 572,300 | 0 | 0 |
ISHARES JAPAN | ETF | 46434G822 | 33,089 | 545,305 | SH | | SOLE | | 545,305 | 0 | 0 |
ISHARES MSCI AUSTRALIA INDEX F | ETF | 464286103 | 18,650 | 846,940 | SH | | SOLE | | 846,940 | 0 | 0 |
ISHARES MSCI CANADA INDEX | ETF | 464286509 | 28,753 | 1,043,286 | SH | | SOLE | | 1,043,286 | 0 | 0 |
ISHARES MSCI CHINA ETF | ETF | 46429B671 | 87,090 | 1,270,090 | SH | | SOLE | | 1,270,090 | 0 | 0 |
ISHARES MSCI EAFE GROWTH | ETF | 464288885 | 10,206 | 126,989 | SH | | SOLE | | 126,989 | 0 | 0 |
ISHARES MSCI EAFE SMALL CAP | ETF | 464288273 | 14,427 | 221,310 | SH | | SOLE | | 221,310 | 0 | 0 |
ISHARES MSCI EAFE VALUE | ETF | 464288877 | 10,964 | 200,991 | SH | | SOLE | | 200,991 | 0 | 0 |
ISHARES MSCI EMERG MRKT ASIA | ETF | 464286426 | 4,019 | 53,630 | SH | | SOLE | | 53,630 | 0 | 0 |
ISHARES MSCI EUROPE FINANCIALS | ETF | 464289180 | 14,426 | 624,500 | SH | | SOLE | | 624,500 | 0 | 0 |
ISHARES MSCI UNITED KINGDOM | ETF | 46435G334 | 5,478 | 157,650 | SH | | SOLE | | 157,650 | 0 | 0 |
ISHARES MSCI USA MOMENTUM FACT | ETF | 46432F396 | 4,272 | 40,328 | SH | | SOLE | | 40,328 | 0 | 0 |
ISHARES NASDAQ BIOTECH | ETF | 464287556 | 34,893 | 326,900 | SH | | SOLE | | 326,900 | 0 | 0 |
ISHARES S&P 500 GROWTH ETF | ETF | 464287309 | 18,309 | 118,069 | SH | | SOLE | | 118,069 | 0 | 0 |
ISHARES S&P 500 VALUE ETF | ETF | 464287408 | 10,751 | 98,322 | SH | | SOLE | | 98,322 | 0 | 0 |
ISHARES S&P MIDCAP 400/GROWTH | ETF | 464287606 | 17,615 | 80,681 | SH | | SOLE | | 80,681 | 0 | 0 |
ISHARES S&P MIDCAP 400/VALUE E | ETF | 464287705 | 7,332 | 47,458 | SH | | SOLE | | 47,458 | 0 | 0 |
ROBO GLOBAL ROBOTICS AND AUTOM | ETF | 301505707 | 1,652 | 39,500 | SH | | SOLE | | 39,500 | 0 | 0 |
RUSSELL 2000 INDEX FUND | ETF | 464287655 | 21,532 | 141,816 | SH | | SOLE | | 141,816 | 0 | 0 |
SELECT SECTOR SPDR- REAL ESTAT | ETF | 81369Y860 | 22,792 | 733,329 | SH | | SOLE | | 733,329 | 0 | 0 |
SELECT SECTOR SPDR-CONSUMER DI | ETF | 81369Y407 | 113,402 | 1,119,580 | SH | | SOLE | | 1,119,580 | 0 | 0 |
SELECT SECTOR SPDR-ENERGY | ETF | 81369Y506 | 191,023 | 2,833,754 | SH | | SOLE | | 2,833,754 | 0 | 0 |
SELECT SECTOR SPDR-FINANCIAL | ETF | 81369Y605 | 118,109 | 4,283,962 | SH | | SOLE | | 4,283,962 | 0 | 0 |
SELECT SECTOR SPDR-HEALTH CARE | ETF | 81369Y209 | 119,372 | 1,466,485 | SH | | SOLE | | 1,466,485 | 0 | 0 |
SELECT SECTOR SPDR-INDUSTRIAL | ETF | 81369Y704 | 88,382 | 1,189,690 | SH | | SOLE | | 1,189,690 | 0 | 0 |
SELECT SECTOR SPDR-MATERIALS | ETF | 81369Y100 | 24,050 | 422,380 | SH | | SOLE | | 422,380 | 0 | 0 |
SELECT SECTOR SPDR-TECHNOLOGY | ETF | 81369Y803 | 206,606 | 3,158,144 | SH | | SOLE | | 3,158,144 | 0 | 0 |
SELECT SECTOR SPDR-UTILITIES | ETF | 81369Y886 | 37,267 | 737,515 | SH | | SOLE | | 737,515 | 0 | 0 |
SPDR S&P BANK ETF | ETF | 78464A797 | 45,596 | 952,100 | SH | | SOLE | | 952,100 | 0 | 0 |
SPDR S&P OIL & GAS EXPLORATION | ETF | 78464A730 | 11,341 | 322,000 | SH | | SOLE | | 322,000 | 0 | 0 |
SPDR-S&P 500 INDEX | ETF | 78462F103 | 79,170 | 300,855 | SH | | SOLE | | 300,855 | 0 | 0 |
VANECK VECTORS JUNIOR GOLD MIN | ETF | 92189F791 | 4,179 | 130,000 | SH | | SOLE | | 130,000 | 0 | 0 |
VANECK VECTORS OIL SERVICES ET | ETF | 92189F718 | 1,146 | 48,000 | SH | | SOLE | | 48,000 | 0 | 0 |
VANGUARD FTSE DEVELOPED MARKET | ETF | 921943858 | 46,020 | 1,040,000 | SH | | SOLE | | 1,040,000 | 0 | 0 |
VANGUARD FTSE EUROPE ETF | ETF | 922042874 | 20,290 | 348,930 | SH | | SOLE | | 348,930 | 0 | 0 |
VANGUARD RUSSELL 2000 ETF | ETF | 92206C664 | 6,096 | 50,000 | SH | | SOLE | | 50,000 | 0 | 0 |
VANGUARD S&P 500 ETF | ETF | 922908363 | 144,667 | 597,600 | SH | | SOLE | | 597,600 | 0 | 0 |
Vanguard Extended Market ETF | ETF | 922908652 | 84,005 | 753,000 | SH | | SOLE | | 753,000 | 0 | 0 |