Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	ISHARES J.P. MORGAN USD EMERG MARK CK	1,000,000	$116M	11.2%	$116.42	—	—	Put	464288951
—	FINANCIAL SELECT SECTOR SPDR- RV JK	4,400,000	$114M	10.9%	$25.86	—	—	Call	81369Y905
—	HEALTH CARE SELECT SECTOR G7 EQUITIES	1,000,000	$81.73M	7.8%	$81.73	—	—	Call	81369Y909
CMCSA	COMCAST CORP-CLASS A GLOBAL EQUITY	1,875,000	$72.15M	6.9%	$38.48	—	—	CL A	20030N101
MT	ARCELOR MITTAL US G7 EQUITIES	2,573,762	$66.3M	6.4%	$25.76	—	—	NY REGISTRY SH	03938L203
—	TWITTER INC - EQUITIES	3,722,508	$62.8M	6.0%	$16.87	—	—	COM	90184L102
PBR	PETROLEO BRASILEIRO SA -G7 EQ	5,332,600	$53.54M	5.1%	$10.04	—	—	SPONSORED ADR	71654V408
JBLU	JETBLUE AIRWAYS CORP	2,750,000	$50.96M	4.9%	$18.53	—	—	COM	477143101
MGM	MGM RESORTS INTERNATIONAL	1,530,000	$49.86M	4.8%	$32.59	—	—	COM	552953101
TMUS	T-MOBILE US INC	780,000	$48.09M	4.6%	$61.66	—	—	COM	872590104
MLCO	MELCO RESORTS AND ENTERTAINMENT LTD -ADR	1,530,000	$36.9M	3.5%	$24.12	—	—	ADR	585464100
UAL	UNITED CONTINENTAL HOLDINGS	585,000	$35.62M	3.4%	$60.88	—	—	COM	910047109
META	FACEBOOK CLASS A ORD SHS	149,552	$25.55M	2.5%	$170.87	—	—	CL A	30303M102
—	VANECK VECTORS OIL SERVICES- EQUITIES	940,000	$24.51M	2.4%	$26.07	—	—	OIL SVCS ETF	92189F718
ADBE	ADOBE SYSTEMS INC - EQUITIES	161,574	$24.1M	2.3%	$149.18	—	—	COM	00724F101
PFF	ISHARES US PREFERRED STOCK E- DIV FUT	500,000	$19.41M	1.9%	$38.81	—	—	S&P US PFD STK	464288687
TDS	TELEPHONE AND DATA SYSTEMS	650,000	$18.13M	1.7%	$27.89	—	—	COM NEW	879433829
HYG	ISHARES IBOXX HIGH YIELD COR- DIV FUT	195,000	$17.31M	1.7%	$88.76	—	—	IBOXX HI YD ETF	464288513
—	SPIRIT AIRLINES INC	450,000	$15.04M	1.4%	$33.41	—	—	COM	848577102
WYNN	WYNN RESORTS LTD - GLOBAL EQUITY	90,000	$13.4M	1.3%	$148.92	—	—	COM	983134107
—	BEST INC-ADR - EQUITIES	1,000,000	$11.97M	1.1%	$11.97	—	—	SPONSORED ADS	08653C106
—	SPRINT CORPORATION	1,500,000	$11.67M	1.1%	$7.78	—	—	COM SER 1	85207U105
YPF	YPF S.A.-SPONSORED ADR -G7 EQ	451,974	$10.07M	1.0%	$22.28	—	—	SPON ADR CL D	984245100
—	TIM PARTICIPACOES SA-ADR NEW	540,000	$9.871M	0.9%	$18.28	—	—	SPONSORED ADR	88706P205
DAL	DELTA AIR LINES INC	200,000	$9.644M	0.9%	$48.22	—	—	COM NEW	247361702
AAPL	APPLE COMPUTER - G7 EQ	50,000	$7.706M	0.7%	$154.12	—	—	COM	037833100
XLE	XLE - ENERGY SELECT SEC SPDR - DIV FU CK	84,000	$5.752M	0.6%	$68.48	—	—	ENERGY	81369Y506
XLK	TECHNOLOGY SELECT SECT SPDR- DIV FUT	84,000	$4.964M	0.5%	$59.10	—	—	TECHNOLOGY	81369Y803
EEM	ISHARES MSCI EMERGING MARKETS ETF - CK	103,500	$4.638M	0.4%	$44.81	—	—	MSCI EMG MKT ETF	464287234
XLB	MATERIALS SELECT SECTOR SPDR- DIV FUT CK	53,000	$3.01M	0.3%	$56.79	—	—	SBI MATERIALS	81369Y100
XLI	INDUSTRIAL SELECT SECT SPDR- DIV FUT	42,000	$2.982M	0.3%	$71.00	—	—	SBI INT-INDS	81369Y704
XLU	UTILITIES SELECT SECTOR SPDR- DIV FUTURE	56,000	$2.971M	0.3%	$53.05	—	—	SBI INT-UTILS	81369Y886
XLV	HEALTH CARE SELECT SECTOR - DIV FUT	36,000	$2.942M	0.3%	$81.72	—	—	SBI HEALTHCARE	81369Y209
XLY	CONSUMER DISCRETIONARY SELT- DIV FUT	30,000	$2.702M	0.3%	$90.07	—	—	SBI CONS DISCR	81369Y407
—	DESPEGAR.COM - EQUITIES	78,126	$2.5M	0.2%	$32.00	—	—	ORD SHS	G27358103
—	TELEFONICA BRASIL ADR	145,000	$2.297M	0.2%	$15.84	—	—	SPONSORED ADR	87936R106
—	FRONTIER COMMUNICATIONS NEW ORD SHS	93,333	$1.1M	0.1%	$11.79	—	—	COM NEW	35906A306