The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
AAC HLDGS INC COM 000307108 326 45,000 SH   DFND 1 0 0 45,000
ABBOTT LABS COM 002824100 15,575 405,500 SH   DFND 1 0 0 405,500
ABBVIE INC COM 00287Y109 939 15,000 SH   DFND 1 0 0 15,000
ABIOMED INC COM 003654100 5,076 45,050 SH   DFND 1 0 0 45,050
ACADIA PHARMACEUTICALS INC COM 004225108 1,298 45,000 SH   DFND 1 0 0 45,000
ACHILLION PHARMACEUTICALS IN COM 00448Q201 991 240,000 SH   DFND 1 0 0 240,000
AETNA INC NEW COM 00817Y108 2,034 16,400 SH   DFND 1 0 0 16,400
AGIOS PHARMACEUTICALS INC COM 00847X104 1,878 45,000 SH   DFND 1 0 0 45,000
AKORN INC COM 009728106 10,042 460,000 SH   DFND 1 0 0 460,000
ALDER BIOPHARMACEUTICALS INC COM 014339105 686 33,000 SH   DFND 1 0 0 33,000
ALERE INC COM 01449J105 1,870 47,983 SH   DFND 1 0 0 47,983
ALEXION PHARMACEUTICALS INC COM 015351109 6,044 49,400 SH   DFND 1 0 0 49,400
ALKERMES PLC SHS G01767105 2,362 42,500 SH   DFND 1 0 0 42,500
ALLERGAN PLC SHS G0177J108 6,174 29,400 SH   DFND 1 0 0 29,400
ALNYLAM PHARMACEUTICALS INC COM 02043Q107 899 24,000 SH   DFND 1 0 0 24,000
AMGEN INC COM 031162100 12,209 83,500 SH   DFND 1 0 0 83,500
ANGIODYNAMICS INC COM 03475V101 1,716 101,700 SH   DFND 1 0 0 101,700
ANTHEM INC COM 036752103 2,962 20,600 SH   DFND 1 0 0 20,600
ARIAD PHARMACEUTICALS INC COM 04033A100 4,665 375,000 SH   DFND 1 0 0 375,000
AURIS MED HLDG AG COM H03579101 2,321 2,169,625 SH   DFND 1 0 0 2,169,625
BARD C R INC COM 067383109 11,480 51,100 SH   DFND 1 0 0 51,100
BAXTER INTL INC COM 071813109 8,425 190,000 SH   DFND 1 0 0 190,000
BECTON DICKINSON & CO COM 075887109 6,622 40,000 SH   DFND 1 0 0 40,000
BIOGEN INC COM 09062X103 13,895 49,000 SH   DFND 1 0 0 49,000
BIOMARIN PHARMACEUTICAL INC COM 09061G101 5,385 65,000 SH   DFND 1 0 0 65,000
BLUEBIRD BIO INC COM 09609G100 1,789 29,000 SH   DFND 1 0 0 29,000
BOSTON SCIENTIFIC CORP COM 101137107 11,896 550,000 SH   DFND 1 0 0 550,000
BRISTOL MYERS SQUIBB CO COM 110122108 1,344 23,000 SH   DFND 1 0 0 23,000
CARDINAL HEALTH INC COM 14149Y108 1,439 20,000 SH   DFND 1 0 0 20,000
CELGENE CORP COM 151020104 23,109 199,650 SH   DFND 1 0 0 199,650
CELLDEX THERAPEUTICS INC NEW COM 15117B103 566 160,000 SH   DFND 1 0 0 160,000
CENTENE CORP DEL COM 15135B101 8,569 151,630 SH   DFND 1 0 0 151,630
CERNER CORP COM 156782104 4,666 98,500 SH   DFND 1 0 0 98,500
CIGNA CORPORATION COM 125509109 5,032 37,722 SH   DFND 1 0 0 37,722
CLOVIS ONCOLOGY INC COM 189464100 888 20,000 SH   DFND 1 0 0 20,000
COHERUS BIOSCIENCES INC COM 19249H103 4,926 175,000 SH   DFND 1 0 0 175,000
COOPER COS INC COM NEW 216648402 3,499 20,000 SH   DFND 1 0 0 20,000
CVS HEALTH CORP COM 126650100 765 9,700 SH   DFND 1 0 0 9,700
DANAHER CORP DEL COM 235851102 5,760 74,000 SH   DFND 1 0 0 74,000
DAVITA INC COM 23918K108 642 10,000 SH   DFND 1 0 0 10,000
DEXCOM INC COM 252131107 2,448 41,000 SH   DFND 1 0 0 41,000
DIREXION SHS ETF TR SP BIOTECH BL NEW 25490K323 788 25,175 SH   DFND 1 0 0 25,175
EAGLE PHARMACEUTICALS INC COM 269796108 3,229 40,700 SH   DFND 1 0 0 40,700
EIGER BIOPHARMACEUTICALS INC COM 28249U105 39 3,333 SH   DFND 1 0 0 3,333
EDWARDS LIFESCIENCES CORP COM 28176E108 11,712 125,000 SH   DFND 1 0 0 125,000
ENDO INTL PLC SHS G30401106 2,042 124,000 SH   DFND 1 0 0 124,000
ENVISION HEALTHCARE HLDGS INC COM 29413U103 824 13,026 SH   DFND 1 0 0 13,026
ESPERION THERAPEUTICS INC NEW COM 29664W105 501 40,000 SH   DFND 1 0 0 40,000
EXELIXIS INC COM 30161Q104 895 60,000 SH   DFND 1 0 0 60,000
EXPRESS SCRIPTS HLDG CO COM 30219G108 3,405 49,500 SH   DFND 1 0 0 49,500
GILEAD SCIENCES INC COM 375558103 12,854 179,500 SH   DFND 1 0 0 179,500
GLAUKOS CORP COM 377322102 686 20,000 SH   DFND 1 0 0 20,000
GLOBUS MED INC CL A 379577208 2,176 87,700 SH   DFND 1 0 0 87,700
GW PHARMACEUTICALS PLC ADS 36197T103 670 6,000 SH   DFND 1 0 0 6,000
HALOZYME THERAPEUTICS INC COM 40637H109 3,142 318,000 SH   DFND 1 0 0 318,000
HCA HOLDINGS INC COM 40412C101 1,762 23,800 SH   DFND 1 0 0 23,800
HEALTHCARE SVCS GRP INC COM 421906108 1,492 38,100 SH   DFND 1 0 0 38,100
HOLOGIC INC COM 436440101 8,810 219,600 SH   DFND 1 0 0 219,600
HORIZON PHARMA PLC SHS G4617B105 388 24,000 SH   DFND 1 0 0 24,000
HUMANA INC COM 444859102 3,162 15,500 SH   DFND 1 0 0 15,500
ILLUMINA INC COM 452327109 6,889 53,800 SH   DFND 1 0 0 53,800
INCYTE CORP COM 45337C102 15,081 150,400 SH   DFND 1 0 0 150,400
INOVIO PHARMACEUTICALS INC COM NEW 45773H201 1,076 155,000 SH   DFND 1 0 0 155,000
INSULET CORP COM 45784P101 565 15,000 SH   DFND 1 0 0 15,000
INSYS THERAPEUTICS INC NEW COM NEW 45824V209 1,058 115,000 SH   DFND 1 0 0 115,000
INTERCEPT PHARMACEUTICALS IN COM 45845P108 924 8,500 SH   DFND 1 0 0 8,500
INTERSECT ENT INC COM 46071F103 1,573 130,000 SH   DFND 1 0 0 130,000
INTUITIVE SURGICAL INC COM NEW 46120E602 5,708 9,000 SH   DFND 1 0 0 9,000
IONIS PHARMACEUTICALS INC COM 462222100 4,353 91,000 SH   DFND 1 0 0 91,000
ISHARES TR NASDQ BIOTEC ETF 464287556 1,062 4,000 SH   DFND 1 0 0 4,000
JAZZ PHARMACEUTICALS PLC SHS USD G50871105 9,137 83,800 SH   DFND 1 0 0 83,800
JOHNSON & JOHNSON COM 478160104 4,378 38,000 SH   DFND 1 0 0 38,000
JUNO THERAPEUTICS INC COM 48205A109 697 37,000 SH   DFND 1 0 0 37,000
KITE PHARMA INC COM 49803L109 628 14,000 SH   DFND 1 0 0 14,000
LABORATORY CORP AMER HLDGS COM NEW 50540R409 1,027 8,000 SH   DFND 1 0 0 8,000
LIGAND PHARAMCEUTICALS INC COM NEW 53220K504 12,653 124,530 SH   DFND 1 0 0 124,530
LILLY ELI & CO COM 532457108 2,574 35,000 SH   DFND 1 0 0 35,000
MACROGENICS INC COM 556099109 1,697 83,000 SH   DFND 1 0 0 83,000
MALLINCKRODT PUB LTD CO SHS G5785G107 4,025 80,800 SH   DFND 1 0 0 80,800
MASIMO COM 574795100 2,022 30,000 SH   DFND 1 0 0 30,000
MCKESSON CORP COM 58155Q103 3,371 24,000 SH   DFND 1 0 0 24,000
MEDTRONIC PLC SHS G5960L103 18,484 259,500 SH   DFND 1 0 0 259,500
MERCK & CO INC COM 58933Y105 1,619 27,500 SH   DFND 1 0 0 27,500
MOLINA HEALTHCARE INC COM 60855R100 895 16,500 SH   DFND 1 0 0 16,500
MYLAN N V SHS EURO N59465109 8,992 235,700 SH   DFND 1 0 0 235,700
MYRIAD GENETICS INC COM 62855J104 233 14,000 SH   DFND 1 0 0 14,000
NEKTAR THERAPEUTICS COM 640268108 2,282 186,000 SH   DFND 1 0 0 186,000
NEUROCRINE BIOSCIENCES INC COM 64125C109 2,902 75,000 SH   DFND 1 0 0 75,000
NEVRO CORP COM 64157F103 632 8,700 SH   DFND 1 0 0 8,700
NOVADAQ TECHNOLOGIES INC COM 66987G102 1,631 230,000 SH   DFND 1 0 0 230,000
NOVAVAX INC COM 670002104 410 325,000 SH   DFND 1 0 0 325,000
NUVASIVE INC COM 670704105 2,358 35,000 SH   DFND 1 0 0 35,000
OBALON THERAPEUTICS INC COM 67424L100 354 40,000 SH   DFND 1 0 0 40,000
PENUMBRA INC COM 70975L107 319 5,000 SH   DFND 1 0 0 5,000
PERRIGO CO PLC SHS G97822103 2,414 29,000 SH   DFND 1 0 0 29,000
PFIZER INC COM 717081103 1,624 50,000 SH   DFND 1 0 0 50,000
PORTOLA PHARMACEUTICALS INC COM 737010108 808 36,000 SH   DFND 1 0 0 36,000
PROSHARES TR PSHS ULT NASB 74347R214 818 20,500 SH   DFND 1 0 0 20,500
PROTHENA CORP PLC SHS G72800108 2,017 41,000 SH   DFND 1 0 0 41,000
QIAGEN NV REG SHS N72482107 2,564 91,500 SH   DFND 1 0 0 91,500
QUOTIENT LTD SHS G73268107 532 110,000 SH   DFND 1 0 0 110,000
RADIUS HEALTH INC COM NEW 750469207 1,521 40,000 SH   DFND 1 0 0 40,000
REGENERON PHARMACEUTICALS COM 75886F107 11,857 32,300 SH   DFND 1 0 0 32,300
RESMED INC COM 761152107 496 8,000 SH   DFND 1 0 0 8,000
REWALK ROBOTICS LTD SHS M8216Q101 560 200,000 SH   DFND 1 0 0 200,000
SEATTLE GENETICS INC COM 812578102 2,269 43,000 SH   DFND 1 0 0 43,000
SHIRE PLC SPONSORED ADR 82481R106 4,089 24,000 SH   DFND 1 0 0 24,000
STRYKER CORP COM 863667101 18,618 155,400 SH   DFND 1 0 0 155,400
SURGERY PARTNERS INC COM 86881A100 238 15,000 SH   DFND 1 0 0 15,000
TELEFLEX INC COM 879369106 1,047 6,500 SH   DFND 1 0 0 6,500
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 8,518 234,990 SH   DFND 1 0 0 234,990
THERAVANCE BIOPHARMA INC COM G8807B106 492 15,428 SH   DFND 1 0 0 15,428
THERMO FISHER SCIENTIFIC INC COM 883556102 2,258 16,000 SH   DFND 1 0 0 16,000
ULTRAGENYX PHARMACEUTICAL INC COM 90400D108 3,023 43,000 SH   DFND 1 0 0 43,000
UNITED THERAPEUTICS CORP DEL COM 91307C102 1,119 7,800 SH   DFND 1 0 0 7,800
UNITEDHEALTH GROUP INC COM 91324P102 17,604 110,000 SH   DFND 1 0 0 110,000
VARIAN MED SYS INC COM 92220P105 628 7,000 SH   DFND 1 0 0 7,000
VERTEX PHARMACEUTICALS INC COM 92532F100 5,967 81,000 SH   DFND 1 0 0 81,000
WEBMD HEALTH CORP COM 94770V102 367 7,400 SH   DFND 1 0 0 7,400
WRIGHT MED GROUP NV ORD SHS 0.03 PAR N96617118 230 10,000 SH   DFND 1 0 0 10,000
ZELTIQ AESTHETICS INC COM 98933Q108 2,611 60,000 SH   DFND 1 0 0 60,000
ZIMMER BIOMET HLDGS INC COM 98956P102 10,630 103,000 SH   DFND 1 0 0 103,000