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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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
NOVA MEASURING INSTRUMENTS L COM m7516k103   11,527 55,326 SH   DFND 1,2 55,326 0 0
ORMAT TECHNOLOGIES INC COM 686688102   4,359 56,653 SH   DFND 1,2 56,653 0 0
ISHARES TR CHINA LG-CAP ETF 464287184   4,006 126,041 SH   DFND 1,2 126,041 0 0
SPDR TR SBI HEALTHCARE SBI HEALTHCARE 81369Y209   15,992 103,828 SH   DFND 1,2 103,828 0 0
ENLIGHT RENEWABLE ENERGY LTD SHS M4056D110   1,548 91,626 SH   DFND 1,2 91,626 0 0
GLOBAL X FDS DEFENSE TECH ETF 37960A529   6,279 169,425 SH   DFND 1,2 169,425 0 0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS 881624209   10,033 556,767 SH   DFND 1,2 556,767 0 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860   6,577 147,229 SH   DFND 1,2 147,229 0 0
SAPIENS INTL CORP N V SHS G7T16G103   942 25,273 SH   DFND 1,2 25,273 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407   4,525 22,585 SH   DFND 1,2 22,585 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308   2,996 36,101 SH   DFND 1,2 36,101 0 0
VANECK VECTORS ETF TR PHARMACEUTICAL 92189F692   3,272 34,427 SH   DFND 1,2 34,427 0 0
MICRON TECHNOLOGY INC COM 595112103   7,985 76,994 SH   DFND 1,2 76,994 0 0
SELECT SECTOR SPDR TR COMMUNICATION 81369Y852   13,961 154,436 SH   DFND 1,2 154,436 0 0
TOWER SEMICONDUCTOR LTD SHS NEW M87915274   16,360 369,634 SH   DFND 1,2 369,634 0 0
NICE LTD SPONSORED ADR 653656108   4,535 26,114 SH   DFND 1,2 26,114 0 0
LAM RESEARCH CORP COM 512807108   3,472 4,254 SH   DFND 1,2 4,254 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803   22,964 101,719 SH   DFND 1,2 101,719 0 0
FINANCIAL SELECT SECTOR SPDR TR UNIT 81369Y605   20,505 452,455 SH   DFND 1,2 452,455 0 0
AGNICO EAGLE MINES LTD COM 008474108   2,561 31,793 SH   DFND 1,2 31,793 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM 83417M104   959 41,873 SH   DFND 1,2 41,873 0 0
META PLATFORMS INC C CL A 30303M102   5,232 9,140 SH   DFND 1,2 9,140 0 0
FEDERATED HERMES PREM MUNI I COM 33737A108   6,227 48,934 SH   DFND 1,2 48,934 0 0
FIRST SOLAR INC COM 336433107   6,598 26,453 SH   DFND 1,2 26,453 0 0
GLOBAL X FDS US INFR DEV ETF 37954Y673   14,605 354,844 SH   DFND 1,2 354,844 0 0
ISHARES TR US HOME CONS ETF 464288752   2,591 20,384 SH   DFND 1,2 20,384 0 0
INMODE LTD SHS M5425M103   3,102 183,022 SH   DFND 1,2 183,022 0 0
NOVA MEASURING INSTRUMENTS L COM m7516k103   18,238 87,539 SH   DFND 1,2 87,539 0 0
ORMAT TECHNOLOGIES INC COM 686688102   6,597 85,737 SH   DFND 1,2 85,737 0 0
ISHARES TR CHINA LG-CAP ETF 464287184   6,736 211,959 SH   DFND 1,2 211,959 0 0
ISHARES INC MSCI EMRG CHN 46434G764   458 7,500 SH   DFND 1,2 7,500 0 0
SPDR TR SBI HEALTHCARE SBI HEALTHCARE 81369Y209   22,406 145,472 SH   DFND 1,2 145,472 0 0
ENLIGHT RENEWABLE ENERGY LTD SHS M4056D110   2,423 143,374 SH   DFND 1,2 143,374 0 0
GLOBAL X FDS DEFENSE TECH ETF 37960A529   10,398 280,575 SH   DFND 1,2 280,575 0 0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS 881624209   14,938 828,964 SH   DFND 1,2 828,964 0 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860   11,707 262,071 SH   DFND 1,2 262,071 0 0
SAPIENS INTL CORP N V SHS G7T16G103   1,455 39,051 SH   DFND 1,2 39,051 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886   210 2,600 SH   DFND 1,2 2,600 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407   7,497 37,415 SH   DFND 1,2 37,415 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308   5,005 60,299 SH   DFND 1,2 60,299 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858   10,916 228,140 SH   DFND 1,2 228,140 0 0
VANECK VECTORS ETF TR PHARMACEUTICAL 92189F692   5,471 57,573 SH   DFND 1,2 57,573 0 0
MICRON TECHNOLOGY INC COM 595112103   13,379 129,006 SH   DFND 1,2 129,006 0 0
SELECT SECTOR SPDR TR COMMUNICATION 81369Y852   18,502 204,664 SH   DFND 1,2 204,664 0 0
TOWER SEMICONDUCTOR LTD SHS NEW M87915274   24,861 561,700 SH   DFND 1,2 561,700 0 0
NICE LTD SPONSORED ADR 653656108   6,944 39,984 SH   DFND 1,2 39,984 0 0
LAM RESEARCH CORP COM 512807108   5,750 7,046 SH   DFND 1,2 7,046 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   21,922 41,544 SH   DFND 1,2 41,544 0 0
VANGUARD INDEX FDS REAL ESTATE ETF 922908553   74,315 762,829 SH   DFND 1,2 762,829 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803   33,657 149,081 SH   DFND 1,2 149,081 0 0
INVESCO EXCHANGE TRADED FD T AEROSPACE DEFN 46137V100   195 1,700 SH   DFND 1,2 1,700 0 0
FINANCIAL SELECT SECTOR SPDR TR UNIT 81369Y605   29,872 659,145 SH   DFND 1,2 659,145 0 0
AGNICO EAGLE MINES LTD COM 008474108   4,286 53,207 SH   DFND 1,2 53,207 0 0
ISHARES TR MSCI USA etf 46429B598   2,049 35,000 SH   DFND 1,2 35,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   77,734 135,482 SH   DFND 1,2 135,482 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM 83417M104   1,487 64,911 SH   DFND 1,2 64,911 0 0
META PLATFORMS INC C CL A 30303M102   8,506 14,860 SH   DFND 1,2 14,860 0 0
FEDERATED HERMES PREM MUNI I COM 33737A108   10,316 81,066 SH   DFND 1,2 81,066 0 0
FIRST SOLAR INC COM 336433107   11,037 44,247 SH   DFND 1,2 44,247 0 0
GLOBAL X FDS US INFR DEV ETF 37954Y673   24,044 584,156 SH   DFND 1,2 584,156 0 0
ISHARES TR US HOME CONS ETF 464288752   4,336 34,116 SH   DFND 1,2 34,116 0 0
INMODE LTD SHS M5425M103   4,894 288,756 SH   DFND 1,2 288,756 0 0
WISDOMTREE TR EM EX ST-OWNED 97717X578   1,560 47,241 SH   DFND 1,2 47,241 0 0
SILVERCREST METALS INC CALL 922908363   21,344 40,450 SH   DFND 1,2 40,450 0 0