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
AGNC INVT CORP COM 00123Q104 54,390 3,000,000 SH   SOLE   3,000,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 17,562 200,000 SH   SOLE   200,000 0 0
ALLERGAN PLC SHS G0177J108 4,830 23,000 SH   SOLE   23,000 0 0
ALPHABET INC CAP STK CL A 02079K305 42,025 53,032 SH   SOLE   53,032 0 0
AMAZON COM INC COM 023135106 90,509 120,700 SH   SOLE   120,700 0 0
AMBARELLA INC SHS G037AX101 21,862 403,873 SH   SOLE   403,873 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 43,140 2,595,647 SH   SOLE   2,595,647 0 0
APPLE INC COM 037833100 4,633 40,000 SH   SOLE   40,000 0 0
APPLIED MATLS INC COM 038222105 29,770 922,523 SH   SOLE   922,523 0 0
AUSTRALIA & NEW ZEALA BKG 14 DEBT 4.400% 5/1 Q0426RND6 49,977 50,000,000 SH   SOLE   0 0 50,000,000
AUTOLIV INC COM 052800109 756 6,680 SH   SOLE   6,680 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 87,304 1,493,907 SH   SOLE   1,493,907 0 0
BROADCOM LTD SHS Y09827109 1,768 10,000 SH   SOLE   10,000 0 0
CELGENE CORP COM 151020104 9,600 82,934 SH   SOLE   82,934 0 0
COHERENT INC COM 192479103 8,897 64,762 SH   SOLE   64,762 0 0
COSTCO WHSL CORP NEW COM 22160K105 22,415 140,000 SH   SOLE   140,000 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 34,517 862,933 SH   SOLE   107,867 0 0
CUMMINS INC COM 231021106 4,373 32,000 SH   SOLE   32,000 0 0
DIREXION SHS ETF TR 20YR TRES BEAR 25459Y678 32,208 1,343,100 SH   SOLE   1,343,100 0 0
EXXON MOBIL CORP COM 30231G102 8,629 95,600 SH   SOLE   95,600 0 0
FACEBOOK INC CL A 30303M102 72,792 632,697 SH   SOLE   632,697 0 0
GLOBAL X FDS GLOBX SUPDV US 37950E291 3,957 160,000 SH   SOLE   160,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 45,869 191,558 SH   SOLE   191,558 0 0
HIMAX TECHNOLOGIES INC SPONSORED ADR 43289P106 5,436 900,000 SH   SOLE   900,000 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602 23,447 36,973 SH   SOLE   36,973 0 0
ISHARES MIN VOL EMRG MKT 464286533 9,424 192,678 SH   SOLE   192,678 0 0
ISHARES INC CORE MSCI EMKT 46434G103 10,291 242,424 SH   SOLE   242,424 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 3,102 63,492 SH   SOLE   63,492 0 0
ISHARES INC MSCI ITL ETF NEW 46434G830 977 40,362 SH   SOLE   40,362 0 0
ISHARES TR IBOXX HI YD ETF 464288513 219,180 2,532,404 SH   SOLE   2,532,404 0 0
ISHARES TR IBOXX INV CP ETF 464287242 4,864 41,507 SH   SOLE   41,507 0 0
ISHARES TR GLOB HLTHCRE ETF 464287325 11,825 124,714 SH   SOLE   124,714 0 0
ISHARES TR CHINA ETF 46429B671 252 5,758 SH   SOLE   5,758 0 0
ISHARES TR MTG REL ETF NEW 46435G342 5,306 126,157 SH   SOLE   126,157 0 0
KINDER MORGAN INC DEL COM 49456B101 51,308 2,477,449 SH   SOLE   2,477,449 0 0
MASTERCARD INCORPORATED CL A 57636Q104 8,981 86,980 SH   SOLE   86,980 0 0
MOBILEYE N V AMSTELVEEN ORD SHS N51488117 15,885 416,700 SH   SOLE   416,700 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 82,073 5,220,911 SH   SOLE   5,220,911 0 0
NIKE INC CL B 654106103 78,895 1,552,127 SH   SOLE   1,552,127 0 0
NOVO-NORDISK A S ADR 670100205 4,483 125,000 SH   SOLE   0 0 125,000
ORACLE CORP COM 68389X105 15,380 400,000 SH   SOLE   400,000 0 0
PALO ALTO NETWORKS INC COM 697435105 39,722 317,646 SH   SOLE   317,646 0 0
PARSLEY ENERGY INC CL A 701877102 18,256 518,061 SH   SOLE   518,061 0 0
PIMCO DYNAMIC INCOME FD SHS 72201Y101 8,568 309,298 SH   SOLE   309,298 0 0
PIMCO DYNMIC CREDIT AND MRT COM SHS 72202D106 12,850 635,518 SH   SOLE   635,518 0 0
PIONEER NAT RES CO COM 723787107 37,455 208,000 SH   SOLE   208,000 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 278,592 11,926,022 SH   SOLE   11,926,022 0 0
PROSHARES TR S&P 500 DV ARIST 74348A467 3,191 59,200 SH   SOLE   59,200 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 5,943 78,900 SH   SOLE   78,900 0 0
SKECHERS U S A INC CL A 830566105 37,385 1,520,971 SH   SOLE   1,520,971 0 0
SPDR INDEX SHS FDS S&P CHINA ETF 78463X400 30,982 430,000 SH   SOLE   430,000 0 0
SPDR SERIES TRUST BLMBRG BRC CNVRT 78464A359 173,968 3,810,909 SH   SOLE   3,810,909 0 0
SPDR SERIES TRUST BLOOMBERG BRCLYS 78464A417 134,024 3,676,924 SH   SOLE   3,676,924 0 0
SPDR SERIES TRUST BLOMBERG INTL TR 78464A516 4,679 180,115 SH   SOLE   180,115 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 1,691 40,829 SH   SOLE   40,829 0 0
STARBUCKS CORP COM 855244109 58,296 1,050,000 SH   SOLE   1,050,000 0 0
STARWOOD PPTY TR INC COM 85571B105 205,288 9,352,511 SH   SOLE   9,352,511 0 0
TESLA MTRS INC COM 88160R101 4,081 19,100 SH   SOLE   19,100 0 0
TJX COS INC NEW COM 872540109 18,783 250,000 SH   SOLE   250,000 0 0
UNIVERSAL DISPLAY CORP COM 91347P105 42,187 749,319 SH   SOLE   749,319 0 0
VANGUARD INDEX FDS REIT ETF 922908553 10,408 126,112 SH   SOLE   0 0 126,112
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 12,917 361,000 SH   SOLE   0 0 361,000
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 4,391 88,607 SH   SOLE   0 0 88,607
VANGUARD WORLD FDS ENERGY ETF 92204A306 4,710 45,000 SH   SOLE   0 0 45,000
VERIZON COMMUNICATIONS INC COM 92343V104 130,676 2,448,059 SH   SOLE   2,448,059 0 0
VISA INC COM CL A 92826C839 114,449 1,466,930 SH   SOLE   1,466,930 0 0