Piedmont Investment Advisors 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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
21ST CENTURY FOX CLASS A	Common	90130A101	8,895,166	273,319	SH		DFND	0	0	273,319	0
21ST CENTURY FOX CLASS B	Common	90130A200	3,382,938	104,995	SH		DFND	0	0	104,995	0
3M CO COM	Common	88579Y101	21,378,419	138,551	SH		DFND	0	0	138,551	0
ABBOTT LABS COM	Common	002824100	15,863,441	323,216	SH		DFND	0	0	323,216	0
ABBVIE INC	Common	00287Y109	25,527,832	379,935	SH		DFND	0	0	379,935	0
ACCENTURE PLC IRELAND SHS CLASS A	Common	G1151C101	13,197,985	136,371	SH		DFND	0	0	136,371	0
ACE LTD	Common	H0023R105	7,294,218	71,737	SH		DFND	0	0	71,737	0
ADOBE SYS INC COM	Common	00724F101	8,798,496	108,610	SH		DFND	0	0	108,610	0
ADT CORPORATION	Common	00101J106	14,646,255	436,290	SH		DFND	0	0	436,290	0
Aegerion Pharmaceuticals Inc.	Common	00767E102	1,915	101	SH		DFND	0	0	101	0
AETNA INC NEW COM	Common	00817Y108	52,643,529	413,020	SH		DFND	0	0	413,020	0
AFFILIATED MANAGER GROUP INC	Common	008252108	24,257,386	110,967	SH		DFND	0	0	110,967	0
AFLAC INC COM	Common	001055102	5,967,157	95,935	SH		DFND	0	0	95,935	0
AGL RESOURCES INC	Common	001204106	1,149,193	24,682	SH		DFND	0	0	24,682	0
AIR PRODS & CHEMS INC COM	Common	009158106	6,379,972	46,627	SH		DFND	0	0	46,627	0
AKORN INC.	Common	009728106	3,580	82	SH		DFND	0	0	82	0
ALCOA INC COM	Common	013817101	1,741,005	156,144	SH		DFND	0	0	156,144	0
ALEXION PHARMACEUTICALS INC	Common	015351109	8,468,170	46,845	SH		DFND	0	0	46,845	0
ALLEGION	Common	G0176J109	2,104	35	SH		DFND	0	0	35	0
ALLERGAN PLC	Common	G0177J108	25,855,095	85,201	SH		DFND	0	0	85,201	0
ALLISON TRANSMISSION HOLDINGS INC	Common	01973R101	1,901	65	SH		DFND	0	0	65	0
ALLSTATE CORP COM	Common	020002101	7,403,288	114,125	SH		DFND	0	0	114,125	0
ALTRIA GROUP INC COM	Common	02209S103	26,521,594	542,253	SH		DFND	0	0	542,253	0
AMAZON COM INC COM	Common	023135106	67,423,292	155,321	SH		DFND	0	0	155,321	0
AMERICAN AIRLINES GROUP	Common	02376R102	6,006,743	150,413	SH		DFND	0	0	150,413	0
AMERICAN EAGLE OUTFITTERS INC.	Common	02553E106	3,151	183	SH		DFND	0	0	183	0
AMERICAN ELECTRIC POWER CO INC	Common	025537101	5,634,365	106,369	SH		DFND	0	0	106,369	0
AMERICAN EQTY INVT LIFE HLD CO COM	Common	025676206	2,698	100	SH		DFND	0	0	100	0
AMERICAN EXPRESS CO COM	Common	025816109	16,524,981	212,622	SH		DFND	0	0	212,622	0
AMERICAN INTL GROUP INC COM NEW	Common	026874784	20,589,645	333,058	SH		DFND	0	0	333,058	0
AMERICAN TOWER CORP CL A	Common	03027X100	8,569,152	91,855	SH		DFND	0	0	91,855	0
AMERISOURCEBERGEN CORP COM	Common	03073E105	1,058,508	9,954	SH		DFND	0	0	9,954	0
AMGEN INC COM	Common	031162100	31,603,320	205,858	SH		DFND	0	0	205,858	0
AMKOR TECHNOLOGY INC.	Common	031652100	1,644	275	SH		DFND	0	0	275	0
AMSURG CORP.	Common	03232P405	2,658	38	SH		DFND	0	0	38	0
Anacor Pharmaceuticals	Common	032420101	2,942	38	SH		DFND	0	0	38	0
ANADARKO PETE CORP COM	Common	032511107	8,608,066	110,275	SH		DFND	0	0	110,275	0
ANTHEM INC	Common	036752103	14,224,044	86,658	SH		DFND	0	0	86,658	0
APACHE CORP COM	Common	037411105	4,718,110	81,869	SH		DFND	0	0	81,869	0
APARTMENT INVT & MGMT CL A	Common	03748R101	3,188,757	86,346	SH		DFND	0	0	86,346	0
APPLE INC COM	Common	037833100	228,675,988	1,823,209	SH		DFND	0	0	1,823,209	0
ARCHER DANIELS MIDLAND CO COM	Common	039483102	11,281,840	233,966	SH		DFND	0	0	233,966	0
ASPEN TECHNOLOGY INC	Common	045327103	2,049	45	SH		DFND	0	0	45	0
AT&T INC COM	Common	00206R102	40,158,769	1,130,596	SH		DFND	0	0	1,130,596	0
AUTOMATIC DATA PROCESS COM	Common	053015103	8,178,325	101,936	SH		DFND	0	0	101,936	0
AVAGO TECHNOLOGIES LTD SHS	Common	Y0486S104	7,404,998	55,706	SH		DFND	0	0	55,706	0
AVALONBAY CMNTYS INC COM	Common	053484101	1,082,479	6,771	SH		DFND	0	0	6,771	0
BAKER HUGHES INC COM	Common	057224107	5,822,690	94,371	SH		DFND	0	0	94,371	0
BANK OF AMERICA CORPORATION COM	Common	060505104	38,806,536	2,280,055	SH		DFND	0	0	2,280,055	0
BANK OF NEW YORK MELLON CORP COM	Common	064058100	12,739,280	303,533	SH		DFND	0	0	303,533	0
BARNES & NOBLE INC.	Common	067774109	1,505	58	SH		DFND	0	0	58	0
BAXTER INTL INC COM	Common	071813109	8,262,928	118,160	SH		DFND	0	0	118,160	0
BB&T CORP	Common	054937107	6,385,507	158,410	SH		DFND	0	0	158,410	0
BECTON DICKINSON & CO COM	Common	075887109	6,439,125	45,458	SH		DFND	0	0	45,458	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	Common	084670702	54,958,904	403,783	SH		DFND	0	0	403,783	0
BEST BUY INC COM	Common	086516101	3,258,195	99,914	SH		DFND	0	0	99,914	0
BIO-RAD LABORATORIES INC. (CL A)	Common	090572207	753	5	SH		DFND	0	0	5	0
BIOGEN INC	Common	09062X103	40,635,152	100,597	SH		DFND	0	0	100,597	0
BLACKROCK INC.	Common	09247X101	9,423,803	27,238	SH		DFND	0	0	27,238	0
BLUCORA INC COM	Common	095229100	1,340	83	SH		DFND	0	0	83	0
BOEING CO COM	Common	097023105	57,659,522	415,654	SH		DFND	0	0	415,654	0
BOYD GAMING CORP COM	Common	103304101	2,870	192	SH		DFND	0	0	192	0
BRINKER INTERNATIONAL INC.	Common	109641100	25,899,147	449,248	SH		DFND	0	0	449,248	0
BRISTOL MYERS SQUIBB CO COM	Common	110122108	24,183,364	363,441	SH		DFND	0	0	363,441	0
BROADCOM CORP CL A	Common	111320107	6,176,019	119,946	SH		DFND	0	0	119,946	0
BROCADE COMMUNICATION SYSTEMS INC	Common	111621306	2,197	185	SH		DFND	0	0	185	0
BRUKER CORP COM	Common	116794108	571	28	SH		DFND	0	0	28	0
CA INC COM	Common	12673P105	4,249,158	145,072	SH		DFND	0	0	145,072	0
CABLEVISION SYSTEMS CORP	Common	12686C109	1,719,562	71,828	SH		DFND	0	0	71,828	0
CADENCE DESIGN SYSTEMS INC.	Common	127387108	1,572	80	SH		DFND	0	0	80	0
CALIFORNIA WATER SERVICE GROUP	Common	130788102	1,302	57	SH		DFND	0	0	57	0
CAMERON INTERNATIONAL CORP COM	Common	13342B105	22,815,304	435,656	SH		DFND	0	0	435,656	0
CAPITAL ONE FINL CORP COM	Common	14040H105	47,007,737	534,361	SH		DFND	0	0	534,361	0
CARDINAL HEALTH INC COM	Common	14149Y108	6,008,244	71,826	SH		DFND	0	0	71,826	0
CARDTRONICS INC COM	Common	14161H108	2,482	67	SH		DFND	0	0	67	0
CARNIVAL CORP PAIRED CTF	Common	143658300	4,554,597	92,217	SH		DFND	0	0	92,217	0
CATERPILLAR INC DEL COM	Common	149123101	11,116,000	131,054	SH		DFND	0	0	131,054	0
CBRE Group Inc	Common	12504L109	4,513,593	121,989	SH		DFND	0	0	121,989	0
CBS CORP NEW CL B	Common	124857202	5,929,953	106,846	SH		DFND	0	0	106,846	0
CDW CORPORATION	Common	12514G108	1,953	57	SH		DFND	0	0	57	0
CELGENE CORP COM	Common	151020104	19,928,988	172,195	SH		DFND	0	0	172,195	0
CENTENE CORP	Common	15135B101	1,366	17	SH		DFND	0	0	17	0
CF INDS HLDGS INC COM	Common	125269100	20,743,220	322,701	SH		DFND	0	0	322,701	0
CHARLES RIVER LABORATORIES INT'L INC	Common	159864107	1,899	27	SH		DFND	0	0	27	0
CHESAPEAKE UTILITIES CORP.	Common	165303108	2,315	43	SH		DFND	0	0	43	0
CHEVRON CORP NEW COM	Common	166764100	46,332,997	480,284	SH		DFND	0	0	480,284	0
CHUBB CORP COM	Common	171232101	4,745,583	49,880	SH		DFND	0	0	49,880	0
CIGNA CORP COM	Common	125509109	14,943,042	92,241	SH		DFND	0	0	92,241	0
CIMPRESS	Common	N20146101	4,881	58	SH		DFND	0	0	58	0
CINTAS CORP COM	Common	172908105	2,032,866	24,032	SH		DFND	0	0	24,032	0
CISCO SYS INC COM	Common	17275R102	37,341,014	1,359,833	SH		DFND	0	0	1,359,833	0
CITIGROUP INC COM	Common	172967424	69,957,537	1,266,429	SH		DFND	0	0	1,266,429	0
CLOROX CO DEL COM	Common	189054109	1,089,505	10,474	SH		DFND	0	0	10,474	0
CME GROUP INC COM	Common	12572Q105	6,476,789	69,598	SH		DFND	0	0	69,598	0
COACH INC COM	Common	189754104	1,689,279	48,809	SH		DFND	0	0	48,809	0
COCA COLA CO COM	Common	191216100	33,508,069	854,144	SH		DFND	0	0	854,144	0
COGNIZANT TECHNOLOGY SOLUTIONS CL A	Common	192446102	34,518,599	565,045	SH		DFND	0	0	565,045	0
COLGATE PALMOLIVE CO COM	Common	194162103	12,845,673	196,387	SH		DFND	0	0	196,387	0
COMCAST CORP CLASS A	Common	20030N101	35,959,991	597,938	SH		DFND	0	0	597,938	0
COMCAST CORP CLASS A	Common	20030N200	4,960,334	82,755	SH		DFND	0	0	82,755	0
CONAGRA FOODS INC COM	Common	205887102	1,484,425	33,953	SH		DFND	0	0	33,953	0
CONOCOPHILLIPS COM	Common	20825C104	16,438,167	267,679	SH		DFND	0	0	267,679	0
CONSOLIDATED EDISON COM	Common	209115104	2,129,405	36,790	SH		DFND	0	0	36,790	0
CORNING INC COM	Common	219350105	5,390,985	273,238	SH		DFND	0	0	273,238	0
COSTCO WHSL CORP NEW COM	Common	22160K105	12,900,931	95,520	SH		DFND	0	0	95,520	0
COUSINS PROPERTIES INC.	Common	222795106	1,640	158	SH		DFND	0	0	158	0
CREDIT ACCEPTANCE CORP.	Common	225310101	1,477	6	SH		DFND	0	0	6	0
CROCS INC COM	Common	227046109	4,074	277	SH		DFND	0	0	277	0
CSX CORP COM	Common	126408103	7,003,261	214,495	SH		DFND	0	0	214,495	0
CUMMINS INC COM	Common	231021106	5,164,163	39,364	SH		DFND	0	0	39,364	0
CVS HEALTH CORPORATION	Common	126650100	66,568,594	634,712	SH		DFND	0	0	634,712	0
DANAHER CORP DEL COM	Common	235851102	39,059,424	456,355	SH		DFND	0	0	456,355	0
DARDEN RESTAURANTS INC COM	Common	237194105	5,088,403	71,587	SH		DFND	0	0	71,587	0
DEERE & CO COM	Common	244199105	7,034,669	72,485	SH		DFND	0	0	72,485	0
DELEK US HOLDINGS INC.	Common	246647101	1,914	52	SH		DFND	0	0	52	0
DELTA AIR LINES DEL COM	Common	247361702	31,226,304	760,134	SH		DFND	0	0	760,134	0
DELUXE CORP COM	Common	248019101	4,030	65	SH		DFND	0	0	65	0
DEPOMED INC.	Common	249908104	1,845	86	SH		DFND	0	0	86	0
DEVON ENERGY CORP NEW COM	Common	25179M103	5,309,601	89,252	SH		DFND	0	0	89,252	0
DIRECTV COM CL A	Common	25490A309	9,522,852	102,628	SH		DFND	0	0	102,628	0
DISCOVER FINL SVCS COM	Common	254709108	7,649,343	132,755	SH		DFND	0	0	132,755	0
DISH NETWORK CORP CL A	Common	25470M109	3,199,094	47,247	SH		DFND	0	0	47,247	0
DISNEY WALT CO COM DISNEY	Common	254687106	43,239,770	378,831	SH		DFND	0	0	378,831	0
DOMINION RESOURCES INC	Common	25746U109	8,615,932	128,846	SH		DFND	0	0	128,846	0
DOMTAR CORP COM NEW	Common	257559203	1,697	41	SH		DFND	0	0	41	0
DOT HILL CORP	Common	25848T109	1,456	238	SH		DFND	0	0	238	0
DOVER CORP COM	Common	260003108	107,235	1,528	SH		DFND	0	0	1,528	0
DOW CHEM CO COM	Common	260543103	17,142,973	335,020	SH		DFND	0	0	335,020	0
DR PEPPER SNAPPLE GROUP INC COM	Common	26138E109	3,777,094	51,812	SH		DFND	0	0	51,812	0
DST SYS INC DEL COM	Common	233326107	1,385	11	SH		DFND	0	0	11	0
DU PONT E I DE NEMOURS & CO COM	Common	263534109	12,568,157	196,531	SH		DFND	0	0	196,531	0
DUKE ENERGY CORP NEW COM NEW	Common	26441C204	10,609,030	150,227	SH		DFND	0	0	150,227	0
Dunkin' Brands Group Inc.	Common	265504100	2,090	38	SH		DFND	0	0	38	0
E M C CORP MASS COM	Common	268648102	15,393,709	583,316	SH		DFND	0	0	583,316	0
EATON CORP PLC	Common	G29183103	6,844,093	101,409	SH		DFND	0	0	101,409	0
EBAY INC COM	Common	278642103	15,887,878	263,743	SH		DFND	0	0	263,743	0
ECOLAB INC	Common	278865100	6,481,059	57,319	SH		DFND	0	0	57,319	0
ELECTRONIC ARTS INC COM	Common	285512109	4,724,293	71,042	SH		DFND	0	0	71,042	0
ELECTRONICS FOR IMAGING INC.	Common	286082102	2,523	58	SH		DFND	0	0	58	0
EMERSON ELEC CO COM	Common	291011104	8,131,137	146,692	SH		DFND	0	0	146,692	0
ENTERGY CORP NEW COM	Common	29364G103	3,190,900	45,261	SH		DFND	0	0	45,261	0
EOG RES INC COM	Common	26875P101	37,659,282	430,146	SH		DFND	0	0	430,146	0
EQUITY RESIDENTIAL SH BEN INT	Common	29476L107	5,545,114	79,024	SH		DFND	0	0	79,024	0
EXELON CORP COM	Common	30161N101	5,874,911	186,980	SH		DFND	0	0	186,980	0
EXPEDITORS INTERNATIONAL	Common	302130109	4,661,215	101,100	SH		DFND	0	0	101,100	0
EXPRESS INC COM	Common	30219E103	2,752	152	SH		DFND	0	0	152	0
EXPRESS SCRIPTS INC COM	Common	30219G108	14,082,137	158,333	SH		DFND	0	0	158,333	0
EXXON MOBIL CORP COM	Common	30231G102	83,943,225	1,008,933	SH		DFND	0	0	1,008,933	0
FACEBOOK INC	Common	30303M102	80,961,045	943,987	SH		DFND	0	0	943,987	0
FEDERAL SIGNAL CORP.	Common	313855108	2,430	163	SH		DFND	0	0	163	0
FEDEX CORP COM	Common	31428X106	10,497,492	61,605	SH		DFND	0	0	61,605	0
FIFTH THIRD BANCORP COM	Common	316773100	1,957,142	94,003	SH		DFND	0	0	94,003	0
FIRST BANCORP	Common	318672706	2,135	443	SH		DFND	0	0	443	0
FIRST COMMONWEALTH FINANCIAL CORP. (PENNSY	Common	319829107	2,627	274	SH		DFND	0	0	274	0
FIRST SOLAR INC.	Common	336433107	1,573,219	33,487	SH		DFND	0	0	33,487	0
FMC TECHNOLOGIES INC	Common	30249U101	2,738,298	65,999	SH		DFND	0	0	65,999	0
FOOT LOCKER INC COM	Common	344849104	1,943	29	SH		DFND	0	0	29	0
FORD MTR CO DEL COM PAR $0.01	Common	345370860	12,723,736	847,684	SH		DFND	0	0	847,684	0
FORUM ENERGY TECHNOLOGIES INC	Common	34984V100	953	47	SH		DFND	0	0	47	0
FRANKLIN RES INC COM	Common	354613101	5,505,970	112,298	SH		DFND	0	0	112,298	0
GAMESTOP CORP NEW CL A	Common	36467W109	4,084,207	95,070	SH		DFND	0	0	95,070	0
GANNETT INC COM	Common	36473H104	18,963	1,355	SH		DFND	0	0	1,355	0
GAP INC DEL COM	Common	364760108	1,590,200	41,661	SH		DFND	0	0	41,661	0
GARMIN LTD.	Common	H2906T109	1,287,676	29,312	SH		DFND	0	0	29,312	0
GENERAL DYNAMICS CORP COM	Common	369550108	10,104,197	71,312	SH		DFND	0	0	71,312	0
GENERAL ELECTRIC CO COM	Common	369604103	65,846,996	2,478,246	SH		DFND	0	0	2,478,246	0
GENERAL GROWTH PPTYS INC NEW COM	Common	370023103	4,463,454	173,946	SH		DFND	0	0	173,946	0
GENERAL MLS INC COM	Common	370334104	7,210,892	129,413	SH		DFND	0	0	129,413	0
GENERAL MTRS CORP COM	Common	37045V100	11,629,903	348,932	SH		DFND	0	0	348,932	0
GENTHERM INC	Common	37253A103	2,251	41	SH		DFND	0	0	41	0
GILEAD SCIENCES INC COM	Common	375558103	79,522,726	679,217	SH		DFND	0	0	679,217	0
GOLDMAN SACHS GROUP INC COM	Common	38141G104	22,870,856	109,540	SH		DFND	0	0	109,540	0
GOOGLE INC. - CLASS A	Common	38259P508	70,885,650	131,260	SH		DFND	0	0	131,260	0
GOOGLE INC. - CLASS C	Common	38259P706	33,241,850	63,864	SH		DFND	0	0	63,864	0
GRAND CANYON EDUCATION INC.	Common	38526M106	4,155	98	SH		DFND	0	0	98	0
GREENBRIER COMPANY	Common	393657101	1,827	39	SH		DFND	0	0	39	0
GROUP 1 AUTOMOTIVE INC.	Common	398905109	4,178	46	SH		DFND	0	0	46	0
HALLIBURTON CO COM	Common	406216101	11,272,280	261,720	SH		DFND	0	0	261,720	0
HATTERAS FINANCIAL CORP.	Common	41902R103	2,591	159	SH		DFND	0	0	159	0
HCA HOLDINGS INC	Common	40412C101	49,363,382	544,129	SH		DFND	0	0	544,129	0
HEALTHSOUTH CORP.	Common	421924309	2,026	44	SH		DFND	0	0	44	0
HEARTLAND PAYMENT SYSTEMS INC.	Common	42235N108	918	17	SH		DFND	0	0	17	0
HECLA MINING CO	Common	422704106	1,315	500	SH		DFND	0	0	500	0
HEWLETT PACKARD CO COM	Common	428236103	11,841,946	394,600	SH		DFND	0	0	394,600	0
HFF INC CL A	Common	40418F108	3,046	73	SH		DFND	0	0	73	0
HOME DEPOT INC COM	Common	437076102	58,755,320	528,708	SH		DFND	0	0	528,708	0
HONEYWELL INTL INC COM	Common	438516106	17,305,532	169,712	SH		DFND	0	0	169,712	0
HOST HOTEL & RESORT INC	Common	44107P104	3,986,246	201,021	SH		DFND	0	0	201,021	0
HUMANA INC COM	Common	444859102	6,220,043	32,518	SH		DFND	0	0	32,518	0
HUNTINGTON BANCSHARES INC	Common	446150104	3,875,733	342,682	SH		DFND	0	0	342,682	0
ILLINOIS TOOL WKS INC COM	Common	452308109	6,090,725	66,355	SH		DFND	0	0	66,355	0
ILLUMINA INC COM	Common	452327109	6,831,392	31,285	SH		DFND	0	0	31,285	0
INSIGHT ENTERPRISES INC	Common	45765U103	2,632	88	SH		DFND	0	0	88	0
INTEL CORP COM	Common	458140100	37,280,851	1,225,739	SH		DFND	0	0	1,225,739	0
INTERNATIONAL BUSINESS MACHS COM	Common	459200101	32,066,792	197,140	SH		DFND	0	0	197,140	0
INTERPUBLIC GROUP COS INC COM	Common	460690100	1,759,832	91,325	SH		DFND	0	0	91,325	0
INTERVAL LEISURE GROUP INC.	Common	46113M108	1,759	77	SH		DFND	0	0	77	0
INTL PAPER CO COM	Common	460146103	1,915,925	40,259	SH		DFND	0	0	40,259	0
INVESCO MORTGAGE CAPITAL INC.	Common	46131B100	1,432	100	SH		DFND	0	0	100	0
J2 GLOBAL COMMUNICATIONS	Common	48123V102	2,921	43	SH		DFND	0	0	43	0
JABIL CIRCUIT INC COM	Common	466313103	1,256	59	SH		DFND	0	0	59	0
JACK HENRY & ASSOCIATES INC.	Common	426281101	2,070	32	SH		DFND	0	0	32	0
JETBLUE AIRWAYS CORP	Common	477143101	3,072	148	SH		DFND	0	0	148	0
JOHNSON & JOHNSON COM	Common	478160104	68,726,745	705,179	SH		DFND	0	0	705,179	0
JOHNSON CTLS INC COM	Common	478366107	7,041,531	142,167	SH		DFND	0	0	142,167	0
JPMORGAN CHASE & CO COM	Common	46625H100	54,593,825	805,694	SH		DFND	0	0	805,694	0
KAR AUCTION SVCS INC COM	Common	48238T109	2,169	58	SH		DFND	0	0	58	0
KERYX BIOPHARMACEUTICALS INC COM	Common	492515101	409	41	SH		DFND	0	0	41	0
KEYCORP NEW COM	Common	493267108	37,170,835	2,474,756	SH		DFND	0	0	2,474,756	0
KIMBERLY CLARK CORP COM	Common	494368103	8,376,716	79,048	SH		DFND	0	0	79,048	0
KIMCO RLTY CORP COM	Common	49446R109	4,410,739	195,685	SH		DFND	0	0	195,685	0
KINDER MORGAN INC	Common	49456B101	14,882,190	387,658	SH		DFND	0	0	387,658	0
KNIGHT TRANSPORTATION INC.	Common	499064103	989	37	SH		DFND	0	0	37	0
KOHLS CORP COM	Common	500255104	31,127,124	497,159	SH		DFND	0	0	497,159	0
KRAFT FOODS GROUP, INC	Common	50076Q106	10,941,341	128,510	SH		DFND	0	0	128,510	0
KROGER CO COM	Common	501044101	41,791,791	576,359	SH		DFND	0	0	576,359	0
L-3 COMMUNICATIONS HLDGS INC COM	Common	502424104	3,487,795	30,762	SH		DFND	0	0	30,762	0
LAM RESEARCH CORP COM	Common	512807108	2,964,394	36,440	SH		DFND	0	0	36,440	0
LANNETT CO. INC.	Common	516012101	2,674	45	SH		DFND	0	0	45	0
LAS VEGAS SANDS CORP.	Common	517834107	4,172,533	79,371	SH		DFND	0	0	79,371	0
LAUDER ESTEE COS INC CL A	Common	518439104	3,946,496	45,540	SH		DFND	0	0	45,540	0
LEGGETT & PLATT INC	Common	524660107	2,936,572	60,324	SH		DFND	0	0	60,324	0
LILLY ELI & CO COM	Common	532457108	19,045,822	228,121	SH		DFND	0	0	228,121	0
LOCKHEED MARTIN CORP COM	Common	539830109	11,067,370	59,534	SH		DFND	0	0	59,534	0
LOWES COS INC COM	Common	548661107	13,837,274	206,619	SH		DFND	0	0	206,619	0
LUMINEX CORP.	Common	55027E102	2,916	169	SH		DFND	0	0	169	0
LYONDELLBASELL INDUSTRIES	Common	N53745100	14,158,223	136,768	SH		DFND	0	0	136,768	0
MAIDEN HOLDINGS LTD.	Common	G5753U112	3,140	199	SH		DFND	0	0	199	0
MALLINCKRODT PLC	Common	G5785G107	353	3	SH		DFND	0	0	3	0
MANHATTAN ASSOCIATES INC.	Common	562750109	3,519	59	SH		DFND	0	0	59	0
MARATHON PETROLEUM CORP	Common	56585A102	35,038,388	669,822	SH		DFND	0	0	669,822	0
MARKETAXESS HOLDING INC	Common	57060D108	834	9	SH		DFND	0	0	9	0
MARRIOTT INTL INC NEW CL A	Common	571903202	4,247,669	57,100	SH		DFND	0	0	57,100	0
MARSH & MCLENNAN COS COM	Common	571748102	6,731,197	118,716	SH		DFND	0	0	118,716	0
MARTEN TRANSPORT LIMITED	Common	573075108	2,604	120	SH		DFND	0	0	120	0
MASTERCARD INC CL A	Common	57636Q104	20,287,964	217,030	SH		DFND	0	0	217,030	0
MBIA INC COM	Common	55262C100	871	145	SH		DFND	0	0	145	0
MCDONALDS CORP COM	Common	580135101	19,889,784	209,212	SH		DFND	0	0	209,212	0
MCKESSON CORP COM	Common	58155Q103	11,301,648	50,272	SH		DFND	0	0	50,272	0
MEDTRONIC PLC	Common	G5960L103	22,925,724	309,389	SH		DFND	0	0	309,389	0
MERCK & CO INC NEW COM	Common	58933Y105	35,009,957	614,965	SH		DFND	0	0	614,965	0
MERIDIAN BIOSCIENCE INC.	Common	589584101	1,826	98	SH		DFND	0	0	98	0
Meritor Inc	Common	59001K100	2,545	194	SH		DFND	0	0	194	0
METHODE ELECTRONICS INC.	Common	591520200	988	36	SH		DFND	0	0	36	0
METLIFE INC COM	Common	59156R108	16,786,697	299,816	SH		DFND	0	0	299,816	0
METTLER TOLEDO INTERNATIONAL COM	Common	592688105	682	2	SH		DFND	0	0	2	0
MICROCHIP TECHNOLOGY COM	Common	595017104	69,335	1,462	SH		DFND	0	0	1,462	0
MICRON TECHNOLOGY INC COM	Common	595112103	5,731,617	304,226	SH		DFND	0	0	304,226	0
MICROSOFT CORP COM	Common	594918104	125,188,914	2,835,536	SH		DFND	0	0	2,835,536	0
MONDELEZ INTERNATIONAL INC	Common	609207105	14,528,426	353,146	SH		DFND	0	0	353,146	0
MONSANTO CO	Common	61166W101	11,017,675	103,365	SH		DFND	0	0	103,365	0
MONSTER BEVERAGE CORPORATION	Common	61174X109	24,957,874	186,225	SH		DFND	0	0	186,225	0
MONTPELIER RE HOLDINGS LTD.	Common	G62185106	2,923	74	SH		DFND	0	0	74	0
MOODY'S CORPORATION	Common	615369105	22,525,314	208,645	SH		DFND	0	0	208,645	0
MORGAN STANLEY COM NEW	Common	617446448	14,274,952	368,006	SH		DFND	0	0	368,006	0
MOSAIC CO.	Common	61945C103	1,926,472	41,120	SH		DFND	0	0	41,120	0
MRC GLOBAL INC	Common	55345k103	2,007	130	SH		DFND	0	0	130	0
MSCI INC CL A	Common	55354G100	2,154	35	SH		DFND	0	0	35	0
MYLAN N.V.	Common	N59465109	12,051,460	177,593	SH		DFND	0	0	177,593	0
MYRIAD GENETICS INC	Common	62855J104	951	28	SH		DFND	0	0	28	0
NATIONAL FUEL GAS CO.	Common	636180101	765	13	SH		DFND	0	0	13	0
NATIONAL OILWELL VARCO INC COM	Common	637071101	2,258,200	46,773	SH		DFND	0	0	46,773	0
NETFLIX COM INC COM	Common	64110L106	8,646,644	13,162	SH		DFND	0	0	13,162	0
NEUSTAR INC. (CL A)	Common	64126X201	3,037	104	SH		DFND	0	0	104	0
NEW JERSEY RESOURCES CORP	Common	646025106	2,589	94	SH		DFND	0	0	94	0
New Residential Investment Corp.	Common	64828T201	1,752	115	SH		DFND	0	0	115	0
NEWPARK RESOURCES INC.	Common	651718504	1,593	196	SH		DFND	0	0	196	0
NEXTERA ENERGY INC COM	Common	65339F101	9,452,150	96,421	SH		DFND	0	0	96,421	0
NIKE INC CL B	Common	654106103	15,901,408	147,208	SH		DFND	0	0	147,208	0
NORFOLK SOUTHERN CORP COM	Common	655844108	5,781,834	66,184	SH		DFND	0	0	66,184	0
NORTHROP GRUMMAN CORP COM	Common	666807102	11,029,543	69,530	SH		DFND	0	0	69,530	0
NORTHWEST BANCSHARES INC.	Common	667340103	3,051	238	SH		DFND	0	0	238	0
NVIDIA CORP COM	Common	67066G104	3,629,935	180,504	SH		DFND	0	0	180,504	0
NVR INC.	Common	62944T105	1,340	1	SH		DFND	0	0	1	0
OCCIDENTAL PETE CORP DEL COM	Common	674599105	13,061,471	167,950	SH		DFND	0	0	167,950	0
OFFICE DEPOT INC	Common	676220106	831	96	SH		DFND	0	0	96	0
OFG Bancorp	Common	67103X102	1,835	172	SH		DFND	0	0	172	0
OLD DOMINION FREIGHT LINE INC.	Common	679580100	1,715	25	SH		DFND	0	0	25	0
OMNICOM GROUP INC COM	Common	681919106	82,554	1,188	SH		DFND	0	0	1,188	0
ONE Gas Inc	Common	68235P108	2,766	65	SH		DFND	0	0	65	0
ORACLE CORP COM	Common	68389X105	27,721,644	687,882	SH		DFND	0	0	687,882	0
PACKAGING CORP OF AMERICA	Common	695156109	1,249	20	SH		DFND	0	0	20	0
PAREXEL INTERNATIONAL CORP	Common	699462107	4,630	72	SH		DFND	0	0	72	0
PARKER HANNIFIN CORP COM	Common	701094104	19,263,782	165,596	SH		DFND	0	0	165,596	0
PARKWAY PPTYS INC COM	Common	70159Q104	1,796	103	SH		DFND	0	0	103	0
PAYCHEX INC COM	Common	704326107	115,559	2,465	SH		DFND	0	0	2,465	0
PBF Energy Inc	Common	69318G106	1,023	36	SH		DFND	0	0	36	0
PDL BIOPHARMA INC.	Common	69329Y104	1,228	191	SH		DFND	0	0	191	0
PENN NATIONAL GAMING INC	Common	707569109	734	40	SH		DFND	0	0	40	0
PENNYMAC MORTGAGE INVESTMENT TRUST	Common	70931T103	1,342	77	SH		DFND	0	0	77	0
PEOPLE'S UNITED FINANCIAL INC.	Common	712704105	3,759,390	231,918	SH		DFND	0	0	231,918	0
PEPSICO INC COM	Common	713448108	30,022,250	321,644	SH		DFND	0	0	321,644	0
PERKINELMER INC COM	Common	714046109	1,965,472	37,338	SH		DFND	0	0	37,338	0
PFIZER INC COM	Common	717081103	84,429,445	2,518,027	SH		DFND	0	0	2,518,027	0
PG&E CORP COM	Common	69331C108	9,154,596	186,448	SH		DFND	0	0	186,448	0
PHIBRO ANIMAL HEALTH CORP	Common	71742Q106	2,297	59	SH		DFND	0	0	59	0
PHILIP MORRIS INTL INC COM	Common	718172109	26,963,335	336,327	SH		DFND	0	0	336,327	0
PHILLIPS 66	Common	718546104	9,557,235	118,635	SH		DFND	0	0	118,635	0
PINNACLE ENTMT INC COM	Common	723456109	782	21	SH		DFND	0	0	21	0
PIPER JAFFRAY COS.	Common	724078100	2,051	47	SH		DFND	0	0	47	0
PNC FINL SVCS GROUP INC COM	Common	693475105	10,755,172	112,443	SH		DFND	0	0	112,443	0
POLYCOM INC COM	Common	73172K104	1,773	155	SH		DFND	0	0	155	0
PPG INDS INC COM	Common	693506107	6,770,774	59,020	SH		DFND	0	0	59,020	0
PRAXAIR INC COM	Common	74005P104	7,482,993	62,593	SH		DFND	0	0	62,593	0
PRECISION CASTPARTS CORP	Common	740189105	5,998,098	30,010	SH		DFND	0	0	30,010	0
PRICE T ROWE GROUP INC COM	Common	74144T108	97,706	1,257	SH		DFND	0	0	1,257	0
PRICELINE COM INC COM NEW	Common	741503403	12,957,517	11,254	SH		DFND	0	0	11,254	0
PROCTER & GAMBLE CO COM	Common	742718109	48,679,676	622,184	SH		DFND	0	0	622,184	0
PROGRESS SOFTWARE CORP.	Common	743312100	2,695	98	SH		DFND	0	0	98	0
PROGRESSIVE CORP OHIO COM	Common	743315103	1,159,314	41,657	SH		DFND	0	0	41,657	0
PRUDENTIAL FINL INC COM	Common	744320102	8,607,416	98,348	SH		DFND	0	0	98,348	0
PUBLIC STORAGE COM	Common	74460D109	5,860,937	31,789	SH		DFND	0	0	31,789	0
PUBLIC SVC ENTERPRISE GROUP COM	Common	744573106	4,625,691	117,762	SH		DFND	0	0	117,762	0
QUALCOMM INC COM	Common	747525103	22,165,696	353,915	SH		DFND	0	0	353,915	0
QUEST DIAGNOSTICS INC COM	Common	74834L100	3,953,935	54,522	SH		DFND	0	0	54,522	0
QUINTILES TRANSNATIONL COM	Common	74876Y101	1,161	16	SH		DFND	0	0	16	0
RAYTHEON CO COM NEW	Common	755111507	10,396,397	108,658	SH		DFND	0	0	108,658	0
REGENERON PHARMACEUTICALS INC.	Common	75886F107	8,688,024	17,031	SH		DFND	0	0	17,031	0
REGIONS FINANCIAL CORP	Common	7591EP100	1,813,777	175,075	SH		DFND	0	0	175,075	0
RESOURCES CONNECTION INC.	Common	76122Q105	2,493	155	SH		DFND	0	0	155	0
REYNOLDS AMERICAN INC COM	Common	761713106	8,107,926	108,598	SH		DFND	0	0	108,598	0
ROBERT HALF INTL INC COM	Common	770323103	1,092,240	19,680	SH		DFND	0	0	19,680	0
ROCK-TENN CO CL A	Common	772739207	26,279,467	436,536	SH		DFND	0	0	436,536	0
ROCKWELL AUTOMATION INC	Common	773903109	87,123	699	SH		DFND	0	0	699	0
RYDER SYS INC COM	Common	783549108	1,922	22	SH		DFND	0	0	22	0
Sabra Healthcare REIT Inc.	Common	78573L106	2,187	85	SH		DFND	0	0	85	0
SALESFORCE COM INC COM	Common	79466L302	9,916,774	142,421	SH		DFND	0	0	142,421	0
SCANA CORP NEW COM	Common	80589M102	315,600	6,231	SH		DFND	0	0	6,231	0
SCHLUMBERGER LTD COM	Common	806857108	23,855,323	276,776	SH		DFND	0	0	276,776	0
SCHWAB CHARLES CP NEW COM	Common	808513105	8,121,034	248,730	SH		DFND	0	0	248,730	0
SELECT INCOME REIT	Common	81618T100	1,754	85	SH		DFND	0	0	85	0
SILICON LABORATORIES INC.	Common	826919102	1,674	31	SH		DFND	0	0	31	0
SIMON PPTY GROUP INC NEW COM	Common	828806109	40,503,635	234,098	SH		DFND	0	0	234,098	0
SJW CORP.	Common	784305104	2,884	94	SH		DFND	0	0	94	0
SKECHERS U S A INC CL A	Common	830566105	1,207	11	SH		DFND	0	0	11	0
SKYWEST INC.	Common	830879102	2,406	160	SH		DFND	0	0	160	0
SLM CORP COM(NEW)	Common	78442P106	1,529	155	SH		DFND	0	0	155	0
SNAP ON INC COM	Common	833034101	3,409,383	21,409	SH		DFND	0	0	21,409	0
SOUTHERN CO COM	Common	842587107	8,262,177	197,188	SH		DFND	0	0	197,188	0
SOUTHERN COPPER CORP COM	Common	84265V105	728,750	24,779	SH		DFND	0	0	24,779	0
SOUTHWEST AIRLS CO COM	Common	844741108	4,062,757	122,779	SH		DFND	0	0	122,779	0
SPECTRA ENERGY CORP COM	Common	847560109	4,751,417	145,749	SH		DFND	0	0	145,749	0
STAPLES INC	Common	855030102	4,057,486	265,022	SH		DFND	0	0	265,022	0
STARBUCKS CORP COM	Common	855244109	58,463,297	1,090,428	SH		DFND	0	0	1,090,428	0
STATE STR CORP COM	Common	857477103	6,882,106	89,378	SH		DFND	0	0	89,378	0
STRYKER CORP COM	Common	863667101	7,008,148	73,330	SH		DFND	0	0	73,330	0
SUNSTONE HOTEL INVS INC NEW COM	Common	867892101	1,787	119	SH		DFND	0	0	119	0
SUPER MICRO COMPUTER INC.	Common	86800U104	1,567	53	SH		DFND	0	0	53	0
SUPERVALU INC COM	Common	868536103	2,160	267	SH		DFND	0	0	267	0
SYMANTEC CORP COM	Common	871503108	2,308,120	99,274	SH		DFND	0	0	99,274	0
SYNNEX CORP	Common	87162W100	2,708	37	SH		DFND	0	0	37	0
T-Mobile US Inc	Common	872590104	2,310,769	59,602	SH		DFND	0	0	59,602	0
TARGET CORP COM	Common	87612E106	17,261,316	211,458	SH		DFND	0	0	211,458	0
TEGNA, INC	Common	87901J105	86,941	2,711	SH		DFND	0	0	2,711	0
TEREX CORP	Common	880779103	12,928,511	556,065	SH		DFND	0	0	556,065	0
Tesla Motors Inc.	Common	88160R101	5,679,332	21,171	SH		DFND	0	0	21,171	0
TEXAS INSTRS INC COM	Common	882508104	32,928,797	639,270	SH		DFND	0	0	639,270	0
TEXAS ROADHOUSE INC	Common	882681109	5,202	139	SH		DFND	0	0	139	0
THERMO FISHER SCIENTIFIC INC COM	Common	883556102	11,213,859	86,420	SH		DFND	0	0	86,420	0
THOMSON REUTERS CORP COM	Common	884903105	2,724,555	71,567	SH		DFND	0	0	71,567	0
TIME WARNER CABLE INC COM	Common	88732J207	10,934,649	61,372	SH		DFND	0	0	61,372	0
TIME WARNER INC COM NEW	Common	887317303	15,648,487	179,024	SH		DFND	0	0	179,024	0
TJX COS INC NEW COM	Common	872540109	9,774,301	147,715	SH		DFND	0	0	147,715	0
TOMPKINTRUSTCO INC	Common	890110109	2,578	48	SH		DFND	0	0	48	0
TRAVELERS COMPANIES INC COM	Common	89417E109	6,688,002	69,191	SH		DFND	0	0	69,191	0
TRUSTCO BK CORP N Y COM	Common	898349105	2,348	334	SH		DFND	0	0	334	0
TYSON FOODS INC CL A	Common	902494103	3,732,213	87,549	SH		DFND	0	0	87,549	0
UBIQUITI NETWORKS INC	Common	90347A100	1,627	51	SH		DFND	0	0	51	0
UNION PAC CORP COM	Common	907818108	23,176,245	243,014	SH		DFND	0	0	243,014	0
UNITED COMMUNITY BANKS INC.	Common	90984P303	2,859	137	SH		DFND	0	0	137	0
UNITED PARCEL SERVICE INC CL B	Common	911312106	14,760,362	152,310	SH		DFND	0	0	152,310	0
UNITED TECHNOLOGIES CORP COM	Common	913017109	21,546,932	194,239	SH		DFND	0	0	194,239	0
UNITED THERAPEUTICS CORP	Common	91307C102	1,913	11	SH		DFND	0	0	11	0
UNITEDHEALTH GROUP INC COM	Common	91324P102	29,080,286	238,363	SH		DFND	0	0	238,363	0
UNITIL CORP.	Common	913259107	1,551	47	SH		DFND	0	0	47	0
UNUM GROUP COM	Common	91529Y106	1,870,046	52,309	SH		DFND	0	0	52,309	0
US BANCORP DEL COM NEW	Common	902973304	16,910,896	389,652	SH		DFND	0	0	389,652	0
V F CORP COM	Common	918204108	5,117,381	73,378	SH		DFND	0	0	73,378	0
VALERO ENERGY CORP NEW COM	Common	91913Y100	9,018,218	144,061	SH		DFND	0	0	144,061	0
VECTREN CORP.	Common	92240G101	1,654	43	SH		DFND	0	0	43	0
VERIZON COMMUNICATIONS INC COM	Common	92343V104	76,830,898	1,648,378	SH		DFND	0	0	1,648,378	0
VERSIGN INC	Common	92343E102	3,906,258	63,290	SH		DFND	0	0	63,290	0
VERTEX PHARMACEUTICALS INC.	Common	92532F100	6,534,561	52,920	SH		DFND	0	0	52,920	0
VIACOM INC CLASS A	Common	92553P102	145,243	2,239	SH		DFND	0	0	2,239	0
VIACOM INC CLASS B	Common	92553P201	4,863,966	75,247	SH		DFND	0	0	75,247	0
VISA INC COM CL A	Common	92826C839	28,536,534	424,967	SH		DFND	0	0	424,967	0
VMWARE INC CL A COM	Common	928563402	1,525,143	17,788	SH		DFND	0	0	17,788	0
Voya Financial	Common	929089100	21,628,346	465,426	SH		DFND	0	0	465,426	0
WABASH NATL CORP COM	Common	929566107	2,382	190	SH		DFND	0	0	190	0
WAL MART STORES INC COM	Common	931142103	28,782,542	405,788	SH		DFND	0	0	405,788	0
WALGREENS BOOTS ALLIANCE	Common	931427108	15,760,810	186,651	SH		DFND	0	0	186,651	0
WASHINGTON FEDERAL INC.	Common	938824109	2,078	89	SH		DFND	0	0	89	0
WASTE MGMT INC DEL COM	Common	94106L109	4,606,958	99,395	SH		DFND	0	0	99,395	0
WEC ENERGY GROUP, INC	Common	92939U106	112,784	2,508	SH		DFND	0	0	2,508	0
WELLS FARGO & CO NEW COM	Common	949746101	57,013,693	1,013,757	SH		DFND	0	0	1,013,757	0
WESTERN ASSET MTG CAP CORP COM	Common	95790D105	2,407	163	SH		DFND	0	0	163	0
WESTERN DIGITAL CORP COM	Common	958102105	22,399,653	285,637	SH		DFND	0	0	285,637	0
WESTERN REFNG INC COM	Common	959319104	3,227	74	SH		DFND	0	0	74	0
WESTERN UN CO COM	Common	959802109	3,863,838	190,056	SH		DFND	0	0	190,056	0
WHITING PETROLEUM CORP	Common	966387102	19,374,465	576,621	SH		DFND	0	0	576,621	0
WILLIAMS COS INC DEL COM	Common	969457100	9,331,786	162,603	SH		DFND	0	0	162,603	0
WORTHINGTON INDS INC COM	Common	981811102	901	30	SH		DFND	0	0	30	0
WYNDHAM WORLDWIDE CORP COM	Common	98310W108	1,360,443	16,609	SH		DFND	0	0	16,609	0
YAHOO INC COM	Common	984332106	8,004,944	203,740	SH		DFND	0	0	203,740	0
YUM! BRANDS	Common	988498101	8,456,350	93,876	SH		DFND	0	0	93,876	0
ISHARES 1-3 YEAR CREDIT BOND ETF	Common	464288646	269,644	2,560	SH		DFND	0	0	2,560	0
ISHARES FLOATING	Common	46429B655	187,418	3,701	SH		DFND	0	0	3,701	0
ISHARES INTERM CR BD ETF	Common	464288638	26,126	240	SH		DFND	0	0	240	0
ISHARES INTERMEDIATE	Common	464288612	61,698	558	SH		DFND	0	0	558	0