Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
NOMURA SECURITIES CO LTD
 2. Issuer Name and Ticker or Trading Symbol
TIPTREE FINANCIAL INC. [TIPT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

1-9-1 NIHONBASHI, CHUO-KU		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2015
(Street)


TOKYO, M0 103-8011		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

___ Form Filed by One Reporting Person
_X_ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Class A Common Stock     3         D (1)  
Class A Common Stock 11/03/2014   J4 2,595,903 A $ (2) 3,730,665 D (1)  
Class A Common Stock 10/30/2015   S4 3,700 D $ 6.82 3,726,965 D (1)  
Class A Common Stock 11/02/2015   S4 10,314 D $ 6.9694 3,716,651 D (1)  
Class A Common Stock 11/03/2015   S4 6,727 D $ 6.8754 3,709,924 D (1)  
Class A Common Stock 11/30/2015   S4 8,230 D $ 6.8773 3,701,694 D (1)  
Class A Common Stock 12/01/2015   S4 5,908 D $ 6.9552 3,695,786 D (1)  
Class A Common Stock 12/02/2015   S4 3,529 D $ 6.9034 3,692,257 D (1)  
Class A Common Stock 12/03/2015   S4 4,401 D $ 6.5994 3,687,856 D (1)  
Class A Common Stock 12/04/2015   S4 3,805 D $ 6.5625 3,684,051 D (1)  
Class A Common Stock 12/07/2015   S4 4,400 D $ 6.5514 3,679,651 D (1)  
Class A Common Stock 12/08/2015   S4 4,700 D $ 6.5 3,674,951 D (1)  
Class A Common Stock 12/14/2015   S4 555 D $ 6.5072 3,674,396 D (1)  
Class A Common Stock 12/15/2015   S4 2,954 D $ 6.5078 3,671,442 D (1)  
Class A Common Stock 12/16/2015   S4 6,625 D $ 6.671 3,664,817 D (1)  
Class A Common Stock 12/17/2015   S4 9,351 D $ 6.6182 3,655,466 D (1)  
Class A Common Stock 12/18/2015   S4 7,748 D $ 6.5732 3,647,718 D (1)  
Class A Common Stock 12/21/2015   S4 5,814 D $ 6.6038 3,641,904 D (1)  
Class A Common Stock 12/22/2015   S4 6,051 D $ 6.5497 3,635,853 D (1)  
Class A Common Stock 12/23/2015   S4 786 D $ 6.5025 3,635,067 D (1)  
Class A Common Stock 12/24/2015   S4 3,600 D $ 6.5464 3,631,467 D (1)  
Class A Common Stock 12/28/2015   S4 4,771 D $ 6.516 3,626,696 D (1)  
Class A Common Stock 12/29/2015   S4 2,053 D $ 6.5512 3,624,643 D (1)  
Class A Common Stock 12/30/2015   S4 1,926 D $ 6.5043 3,622,717 D (1)  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
NOMURA SECURITIES CO LTD
1-9-1 NIHONBASHI
CHUO-KU
TOKYO, M0 103-8011		     X    
NOMURA HOLDINGS INC
1-9-1 NIHONBASHI
CHUO-KU
TOKYO, M0 103-8645		     X    

Signatures

/s/ Yasuhito Tominaga 02/16/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These shares of Class A Common Stock are owned directly by Nomura Securities Co., Ltd. ("NSC"), which is a wholly owned subsidiary of Nomura Holdings, Inc. ("NHI"), and accordingly NHI may be deemed to beneficially own the shares of Class A Common Stock held by NSC.
(2) NSC received shares of Class A Common Stock of the Issuer upon conversion of partnership units of Tiptree Financial Partners, L.P. at a conversion price of $5.3616.

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