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	7,433,772	275,529	SH		DFND	0	0	275,529	0
21ST CENTURY FOX CLASS B	Common	90130A200	2,865,494	105,855	SH		DFND	0	0	105,855	0
3M CO COM	Common	88579Y101	19,799,881	139,662	SH		DFND	0	0	139,662	0
ABBOTT LABS COM	Common	002824100	13,104,681	325,825	SH		DFND	0	0	325,825	0
ABBVIE INC	Common	00287Y109	19,711,382	362,275	SH		DFND	0	0	362,275	0
ACACIA RESEARCH CORP.-ACACIA TECHNOLOGIES	Common	003881307	2,778	306	SH		DFND	0	0	306	0
ACCENTURE PLC IRELAND SHS CLASS A	Common	G1151C101	17,761,379	180,759	SH		DFND	0	0	180,759	0
ACE LTD	Common	H0023R105	7,476,750	72,309	SH		DFND	0	0	72,309	0
ADOBE SYS INC COM	Common	00724F101	9,001,938	109,486	SH		DFND	0	0	109,486	0
ADT CORPORATION	Common	00101J106	2,980,192	99,672	SH		DFND	0	0	99,672	0
Aegerion Pharmaceuticals Inc.	Common	00767E102	1,972	145	SH		DFND	0	0	145	0
AETNA INC NEW COM	Common	00817Y108	36,645,019	334,933	SH		DFND	0	0	334,933	0
AFFILIATED MANAGER GROUP INC	Common	008252108	12,252,459	71,656	SH		DFND	0	0	71,656	0
AFLAC INC COM	Common	001055102	5,620,822	96,694	SH		DFND	0	0	96,694	0
AGL RESOURCES INC	Common	001204106	2,339,296	38,324	SH		DFND	0	0	38,324	0
AIR PRODS & CHEMS INC COM	Common	009158106	5,996,515	47,002	SH		DFND	0	0	47,002	0
AKORN INC.	Common	009728106	1,482	52	SH		DFND	0	0	52	0
ALBANY MOLECULAR RESEARCH INC	Common	012423109	1,393	80	SH		DFND	0	0	80	0
ALCOA INC COM	Common	013817101	1,508,351	156,144	SH		DFND	0	0	156,144	0
ALEXANDER & BALDWIN INC.	Common	014491104	4,291	125	SH		DFND	0	0	125	0
ALEXION PHARMACEUTICALS INC	Common	015351109	7,385,204	47,223	SH		DFND	0	0	47,223	0
ALLEGION	Common	G0176J109	2,018	35	SH		DFND	0	0	35	0
ALLERGAN PLC	Common	G0177J108	23,345,489	85,889	SH		DFND	0	0	85,889	0
ALLISON TRANSMISSION HOLDINGS INC	Common	01973R101	1,734	65	SH		DFND	0	0	65	0
ALLSTATE CORP COM	Common	020002101	5,213,237	89,513	SH		DFND	0	0	89,513	0
ALTRIA GROUP INC COM	Common	02209S103	29,685,971	545,698	SH		DFND	0	0	545,698	0
AMAZON COM INC COM	Common	023135106	79,891,696	156,072	SH		DFND	0	0	156,072	0
AMERICAN AIRLINES GROUP	Common	02376R102	5,887,909	151,633	SH		DFND	0	0	151,633	0
AMERICAN EAGLE OUTFITTERS INC.	Common	02553E106	4,689	300	SH		DFND	0	0	300	0
AMERICAN ELECTRIC POWER CO INC	Common	025537101	6,096,927	107,227	SH		DFND	0	0	107,227	0
AMERICAN EQTY INVT LIFE HLD CO COM	Common	025676206	2,331	100	SH		DFND	0	0	100	0
AMERICAN EXPRESS CO COM	Common	025816109	15,873,901	214,136	SH		DFND	0	0	214,136	0
AMERICAN INTL GROUP INC COM NEW	Common	026874784	45,064,794	793,115	SH		DFND	0	0	793,115	0
AMERICAN TOWER CORP CL A	Common	03027X100	8,146,596	92,596	SH		DFND	0	0	92,596	0
AMGEN INC COM	Common	031162100	28,658,520	207,190	SH		DFND	0	0	207,190	0
AMSURG CORP.	Common	03232P405	2,952	38	SH		DFND	0	0	38	0
Anacor Pharmaceuticals	Common	032420101	2,471	21	SH		DFND	0	0	21	0
ANADARKO PETE CORP COM	Common	032511107	6,713,254	111,165	SH		DFND	0	0	111,165	0
ANTHEM INC	Common	036752103	13,082,720	93,448	SH		DFND	0	0	93,448	0
APACHE CORP COM	Common	037411105	3,231,835	82,529	SH		DFND	0	0	82,529	0
APARTMENT INVT & MGMT CL A	Common	03748R101	3,196,528	86,346	SH		DFND	0	0	86,346	0
APPLE INC COM	Common	037833100	192,789,840	1,747,868	SH		DFND	0	0	1,747,868	0
ARCHER DANIELS MIDLAND CO COM	Common	039483102	9,742,946	235,053	SH		DFND	0	0	235,053	0
ASPEN TECHNOLOGY INC	Common	045327103	1,705	45	SH		DFND	0	0	45	0
AT&T INC COM	Common	00206R102	44,547,872	1,367,338	SH		DFND	0	0	1,367,338	0
AUTOMATIC DATA PROCESS COM	Common	053015103	8,257,632	102,758	SH		DFND	0	0	102,758	0
AVAGO TECHNOLOGIES LTD SHS	Common	Y0486S104	7,020,061	56,156	SH		DFND	0	0	56,156	0
AVALONBAY CMNTYS INC COM	Common	053484101	1,183,706	6,771	SH		DFND	0	0	6,771	0
BAKER HUGHES INC COM	Common	057224107	4,950,669	95,132	SH		DFND	0	0	95,132	0
BANK OF AMERICA CORPORATION COM	Common	060505104	39,222,852	2,517,513	SH		DFND	0	0	2,517,513	0
BANK OF NEW YORK MELLON CORP COM	Common	064058100	11,960,246	305,498	SH		DFND	0	0	305,498	0
BAXALTA INC	Common	07177M103	3,753,471	119,120	SH		DFND	0	0	119,120	0
BAXTER INTL INC COM	Common	071813109	3,912,862	119,113	SH		DFND	0	0	119,113	0
BB&T CORP	Common	054937107	6,044,488	169,789	SH		DFND	0	0	169,789	0
BECTON DICKINSON & CO COM	Common	075887109	6,079,277	45,826	SH		DFND	0	0	45,826	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	Common	084670702	53,078,146	407,041	SH		DFND	0	0	407,041	0
BEST BUY INC COM	Common	086516101	3,708,807	99,914	SH		DFND	0	0	99,914	0
BIO-RAD LABORATORIES INC. (CL A)	Common	090572207	671	5	SH		DFND	0	0	5	0
BIOGEN INC	Common	09062X103	33,779,925	115,760	SH		DFND	0	0	115,760	0
BLACK HILLS CORP COM	Common	092113109	4,960	120	SH		DFND	0	0	120	0
BLACKROCK INC.	Common	09247X101	8,168,228	27,459	SH		DFND	0	0	27,459	0
BOEING CO COM	Common	097023105	52,626,055	401,879	SH		DFND	0	0	401,879	0
BRINKER INTERNATIONAL INC.	Common	109641100	23,661,892	449,248	SH		DFND	0	0	449,248	0
BRISTOL MYERS SQUIBB CO COM	Common	110122108	50,235,284	848,569	SH		DFND	0	0	848,569	0
BROADCOM CORP CL A	Common	111320107	6,218,607	120,914	SH		DFND	0	0	120,914	0
BROCADE COMMUNICATION SYSTEMS INC	Common	111621306	1,920	185	SH		DFND	0	0	185	0
BRUKER CORP COM	Common	116794108	460	28	SH		DFND	0	0	28	0
CA INC COM	Common	12673P105	3,960,465	145,072	SH		DFND	0	0	145,072	0
CABLEVISION SYSTEMS CORP	Common	12686C109	2,332,255	71,828	SH		DFND	0	0	71,828	0
CADENCE DESIGN SYSTEMS INC.	Common	127387108	1,654	80	SH		DFND	0	0	80	0
CAMERON INTERNATIONAL CORP COM	Common	13342B105	2,569,062	41,896	SH		DFND	0	0	41,896	0
CAMPBELL SOUP COMPANY	Common	134429109	1,095,245	21,611	SH		DFND	0	0	21,611	0
CAPITAL ONE FINL CORP COM	Common	14040H105	41,978,347	578,852	SH		DFND	0	0	578,852	0
CARDINAL HEALTH INC COM	Common	14149Y108	5,562,228	72,406	SH		DFND	0	0	72,406	0
CARDTRONICS INC COM	Common	14161H108	2,190	67	SH		DFND	0	0	67	0
CARNIVAL CORP PAIRED CTF	Common	143658300	4,620,211	92,962	SH		DFND	0	0	92,962	0
CATERPILLAR INC DEL COM	Common	149123101	8,634,774	132,111	SH		DFND	0	0	132,111	0
CBRE Group Inc	Common	12504L109	3,903,648	121,989	SH		DFND	0	0	121,989	0
CBS CORP NEW CL B	Common	124857202	4,297,549	107,708	SH		DFND	0	0	107,708	0
CDW CORPORATION	Common	12514G108	2,083	51	SH		DFND	0	0	51	0
CELGENE CORP COM	Common	151020104	18,776,689	173,585	SH		DFND	0	0	173,585	0
CENTENE CORP	Common	15135B101	433	8	SH		DFND	0	0	8	0
CF INDS HLDGS INC COM	Common	125269100	14,489,274	322,701	SH		DFND	0	0	322,701	0
CHARLES RIVER LABORATORIES INT'L INC	Common	159864107	1,715	27	SH		DFND	0	0	27	0
CHESAPEAKE UTILITIES CORP.	Common	165303108	2,707	51	SH		DFND	0	0	51	0
CHEVRON CORP NEW COM	Common	166764100	33,485,269	424,509	SH		DFND	0	0	424,509	0
CHUBB CORP COM	Common	171232101	6,167,209	50,283	SH		DFND	0	0	50,283	0
CIGNA CORP COM	Common	125509109	10,010,247	74,139	SH		DFND	0	0	74,139	0
CIMPRESS	Common	N20146101	2,587	34	SH		DFND	0	0	34	0
CISCO SYS INC COM	Common	17275R102	35,929,503	1,368,743	SH		DFND	0	0	1,368,743	0
CITIGROUP INC COM	Common	172967424	63,091,269	1,271,745	SH		DFND	0	0	1,271,745	0
CME GROUP INC COM	Common	12572Q105	6,506,545	70,159	SH		DFND	0	0	70,159	0
COACH INC COM	Common	189754104	1,412,044	48,809	SH		DFND	0	0	48,809	0
COCA COLA CO COM	Common	191216100	40,794,096	1,016,802	SH		DFND	0	0	1,016,802	0
COGNIZANT TECHNOLOGY SOLUTIONS CL A	Common	192446102	35,444,397	566,114	SH		DFND	0	0	566,114	0
COLGATE PALMOLIVE CO COM	Common	194162103	12,563,303	197,972	SH		DFND	0	0	197,972	0
COMCAST CORP CLASS A	Common	20030N101	33,411,312	587,400	SH		DFND	0	0	587,400	0
COMCAST CORP CLASS A	Common	20030N200	4,774,674	83,415	SH		DFND	0	0	83,415	0
CONAGRA FOODS INC COM	Common	205887102	1,375,436	33,953	SH		DFND	0	0	33,953	0
CONOCOPHILLIPS COM	Common	20825C104	12,941,430	269,838	SH		DFND	0	0	269,838	0
CONSOLIDATED EDISON COM	Common	209115104	3,342,767	50,004	SH		DFND	0	0	50,004	0
COOPER TIRE & RUBR CO COM	Common	216831107	4,938	125	SH		DFND	0	0	125	0
CORNING INC COM	Common	219350105	4,715,584	275,443	SH		DFND	0	0	275,443	0
COSTCO WHSL CORP NEW COM	Common	22160K105	13,920,789	96,291	SH		DFND	0	0	96,291	0
COUSINS PROPERTIES INC.	Common	222795106	1,456	158	SH		DFND	0	0	158	0
CREDIT ACCEPTANCE CORP.	Common	225310101	1,181	6	SH		DFND	0	0	6	0
CROCS INC COM	Common	227046109	3,580	277	SH		DFND	0	0	277	0
CSX CORP COM	Common	126408103	5,816,452	216,225	SH		DFND	0	0	216,225	0
CUMMINS INC COM	Common	231021106	4,308,562	39,681	SH		DFND	0	0	39,681	0
CVS HEALTH CORPORATION	Common	126650100	56,337,084	583,925	SH		DFND	0	0	583,925	0
DANAHER CORP DEL COM	Common	235851102	41,981,007	492,677	SH		DFND	0	0	492,677	0
DARDEN RESTAURANTS INC COM	Common	237194105	4,048,931	59,074	SH		DFND	0	0	59,074	0
DEERE & CO COM	Common	244199105	5,407,032	73,068	SH		DFND	0	0	73,068	0
DELTA AIR LINES DEL COM	Common	247361702	34,171,376	761,564	SH		DFND	0	0	761,564	0
DELUXE CORP COM	Common	248019101	3,623	65	SH		DFND	0	0	65	0
DEVON ENERGY CORP NEW COM	Common	25179M103	3,337,098	89,973	SH		DFND	0	0	89,973	0
DISCOVER FINL SVCS COM	Common	254709108	6,942,224	133,530	SH		DFND	0	0	133,530	0
DISH NETWORK CORP CL A	Common	25470M109	2,778,675	47,629	SH		DFND	0	0	47,629	0
DISNEY WALT CO COM DISNEY	Common	254687106	37,951,561	371,346	SH		DFND	0	0	371,346	0
DOMINION RESOURCES INC	Common	25746U109	9,141,306	129,885	SH		DFND	0	0	129,885	0
DOMTAR CORP COM NEW	Common	257559203	1,465	41	SH		DFND	0	0	41	0
DOVER CORP COM	Common	260003108	87,371	1,528	SH		DFND	0	0	1,528	0
DOW CHEM CO COM	Common	260543103	15,343,457	361,874	SH		DFND	0	0	361,874	0
DR PEPPER SNAPPLE GROUP INC COM	Common	26138E109	2,930,462	37,071	SH		DFND	0	0	37,071	0
DU PONT E I DE NEMOURS & CO COM	Common	263534109	9,549,191	198,116	SH		DFND	0	0	198,116	0
DUKE ENERGY CORP NEW COM NEW	Common	26441C204	10,894,521	151,439	SH		DFND	0	0	151,439	0
Dunkin' Brands Group Inc.	Common	265504100	1,862	38	SH		DFND	0	0	38	0
E M C CORP MASS COM	Common	268648102	14,175,106	586,718	SH		DFND	0	0	586,718	0
EASTMAN CHEM CO COM	Common	277432100	15,354,690	237,248	SH		DFND	0	0	237,248	0
EATON CORP PLC	Common	G29183103	5,244,245	102,227	SH		DFND	0	0	102,227	0
EBAY INC COM	Common	278642103	6,497,887	265,871	SH		DFND	0	0	265,871	0
EBIX INC.	Common	278715206	624	25	SH		DFND	0	0	25	0
ECOLAB INC	Common	278865100	6,339,950	57,783	SH		DFND	0	0	57,783	0
ELECTRONIC ARTS INC COM	Common	285512109	3,956,803	58,403	SH		DFND	0	0	58,403	0
ELECTRONICS FOR IMAGING INC.	Common	286082102	1,990	46	SH		DFND	0	0	46	0
EMERSON ELEC CO COM	Common	291011104	6,531,152	147,864	SH		DFND	0	0	147,864	0
EOG RES INC COM	Common	26875P101	38,068,212	522,915	SH		DFND	0	0	522,915	0
EQUITY RESIDENTIAL SH BEN INT	Common	29476L107	5,984,209	79,662	SH		DFND	0	0	79,662	0
EVERSOURCE ENERGY	Common	30040W108	1,113,133	21,990	SH		DFND	0	0	21,990	0
EXELON CORP COM	Common	30161N101	5,598,123	188,489	SH		DFND	0	0	188,489	0
EXPEDITORS INTERNATIONAL	Common	302130109	3,890,235	82,683	SH		DFND	0	0	82,683	0
EXPRESS INC COM	Common	30219E103	607	34	SH		DFND	0	0	34	0
EXPRESS SCRIPTS INC COM	Common	30219G108	11,973,093	147,889	SH		DFND	0	0	147,889	0
EXXON MOBIL CORP COM	Common	30231G102	75,558,633	1,016,256	SH		DFND	0	0	1,016,256	0
Fabrinet	Common	G3323L100	2,712	148	SH		DFND	0	0	148	0
FACEBOOK INC	Common	30303M102	78,827,466	876,835	SH		DFND	0	0	876,835	0
FEDERAL SIGNAL CORP.	Common	313855108	2,234	163	SH		DFND	0	0	163	0
FEDEX CORP COM	Common	31428X106	8,941,589	62,103	SH		DFND	0	0	62,103	0
FIFTH THIRD BANCORP COM	Common	316773100	1,777,596	94,003	SH		DFND	0	0	94,003	0
FIRST BANCORP	Common	318672706	1,577	443	SH		DFND	0	0	443	0
FIRST COMMONWEALTH FINANCIAL CORP. (PENNSY	Common	319829107	2,490	274	SH		DFND	0	0	274	0
FIRST NIAGARA FINCL GROUP INC	Common	33582V108	2,225	218	SH		DFND	0	0	218	0
FMC TECHNOLOGIES INC	Common	30249U101	2,045,969	65,999	SH		DFND	0	0	65,999	0
FOOT LOCKER INC COM	Common	344849104	2,087	29	SH		DFND	0	0	29	0
FORD MTR CO DEL COM PAR $0.01	Common	345370860	11,595,863	854,522	SH		DFND	0	0	854,522	0
FORUM ENERGY TECHNOLOGIES INC	Common	34984V100	573	47	SH		DFND	0	0	47	0
FRANKLIN RES INC COM	Common	354613101	4,209,523	112,977	SH		DFND	0	0	112,977	0
GAMESTOP CORP NEW CL A	Common	36467W109	1,378,845	33,459	SH		DFND	0	0	33,459	0
GENERAL DYNAMICS CORP COM	Common	369550108	9,907,982	71,823	SH		DFND	0	0	71,823	0
GENERAL ELECTRIC CO COM	Common	369604103	62,946,547	2,495,898	SH		DFND	0	0	2,495,898	0
GENERAL GROWTH PPTYS INC NEW COM	Common	370023103	4,517,377	173,946	SH		DFND	0	0	173,946	0
GENERAL MLS INC COM	Common	370334104	8,346,306	148,696	SH		DFND	0	0	148,696	0
GENERAL MTRS CORP COM	Common	37045V100	10,559,504	351,749	SH		DFND	0	0	351,749	0
GENTEX CORP	Common	371901109	2,015	130	SH		DFND	0	0	130	0
GILEAD SCIENCES INC COM	Common	375558103	62,203,266	633,499	SH		DFND	0	0	633,499	0
Global Brass and Copper Holdings, Inc.	Common	37953G103	676	33	SH		DFND	0	0	33	0
GLOBAL PAYMENTS INC.	Common	37940X102	2,065	18	SH		DFND	0	0	18	0
GOLDMAN SACHS GROUP INC COM	Common	38141G104	19,165,032	110,296	SH		DFND	0	0	110,296	0
GOOGLE INC. - CLASS A	Common	38259P508	78,075,204	122,304	SH		DFND	0	0	122,304	0
GOOGLE INC. - CLASS C	Common	38259P706	39,170,079	64,380	SH		DFND	0	0	64,380	0
GRAND CANYON EDUCATION INC.	Common	38526M106	3,723	98	SH		DFND	0	0	98	0
GREENBRIER COMPANY	Common	393657101	1,252	39	SH		DFND	0	0	39	0
GROUP 1 AUTOMOTIVE INC.	Common	398905109	1,788	21	SH		DFND	0	0	21	0
HALLIBURTON CO COM	Common	406216101	9,304,473	263,210	SH		DFND	0	0	263,210	0
HATTERAS FINANCIAL CORP.	Common	41902R103	2,408	159	SH		DFND	0	0	159	0
HCA HOLDINGS INC	Common	40412C101	31,759,761	410,545	SH		DFND	0	0	410,545	0
HEALTHSOUTH CORP.	Common	421924309	1,688	44	SH		DFND	0	0	44	0
HEARTLAND PAYMENT SYSTEMS INC.	Common	42235N108	1,071	17	SH		DFND	0	0	17	0
HEWLETT PACKARD CO COM	Common	428236103	10,187,248	397,784	SH		DFND	0	0	397,784	0
HFF INC CL A	Common	40418F108	1,181	35	SH		DFND	0	0	35	0
HOME DEPOT INC COM	Common	437076102	61,323,226	530,983	SH		DFND	0	0	530,983	0
HONEYWELL INTL INC COM	Common	438516106	16,199,659	171,081	SH		DFND	0	0	171,081	0
HOST HOTEL & RESORT INC	Common	44107P104	3,178,142	201,021	SH		DFND	0	0	201,021	0
HUMANA INC COM	Common	444859102	5,867,799	32,781	SH		DFND	0	0	32,781	0
HUNTINGTON BANCSHARES INC	Common	446150104	3,631,242	342,570	SH		DFND	0	0	342,570	0
IAC/INTERACTIVECORP.	Common	44919P508	1,762	27	SH		DFND	0	0	27	0
IDACORP INC.	Common	451107106	3,882	60	SH		DFND	0	0	60	0
ILLINOIS TOOL WKS INC COM	Common	452308109	5,504,810	66,879	SH		DFND	0	0	66,879	0
ILLUMINA INC COM	Common	452327109	5,544,835	31,537	SH		DFND	0	0	31,537	0
INSIGHT ENTERPRISES INC	Common	45765U103	2,274	88	SH		DFND	0	0	88	0
INTEL CORP COM	Common	458140100	37,194,267	1,234,050	SH		DFND	0	0	1,234,050	0
INTERNATIONAL BUSINESS MACHS COM	Common	459200101	28,810,178	198,732	SH		DFND	0	0	198,732	0
INTERPUBLIC GROUP COS INC COM	Common	460690100	4,411,990	230,632	SH		DFND	0	0	230,632	0
INTL PAPER CO COM	Common	460146103	1,521,387	40,259	SH		DFND	0	0	40,259	0
INVESCO MORTGAGE CAPITAL INC.	Common	46131B100	1,224	100	SH		DFND	0	0	100	0
INVESTMENT TECH GROUP INC	Common	46145F105	1,494	112	SH		DFND	0	0	112	0
J2 GLOBAL COMMUNICATIONS	Common	48123V102	3,046	43	SH		DFND	0	0	43	0
JACK HENRY & ASSOCIATES INC.	Common	426281101	2,018	29	SH		DFND	0	0	29	0
JETBLUE AIRWAYS CORP	Common	477143101	463	18	SH		DFND	0	0	18	0
JOHNSON & JOHNSON COM	Common	478160104	66,392,013	711,216	SH		DFND	0	0	711,216	0
JOHNSON CTLS INC COM	Common	478366107	5,927,508	143,315	SH		DFND	0	0	143,315	0
JPMORGAN CHASE & CO COM	Common	46625H100	49,519,529	812,195	SH		DFND	0	0	812,195	0
KERYX BIOPHARMACEUTICALS INC COM	Common	492515101	144	41	SH		DFND	0	0	41	0
KEYCORP NEW COM	Common	493267108	32,196,575	2,474,756	SH		DFND	0	0	2,474,756	0
KIMBERLY CLARK CORP COM	Common	494368103	8,688,961	79,686	SH		DFND	0	0	79,686	0
KIMCO RLTY CORP COM	Common	49446R109	1,976,093	80,888	SH		DFND	0	0	80,888	0
KINDER MORGAN INC	Common	49456B101	10,816,956	390,786	SH		DFND	0	0	390,786	0
KOHLS CORP COM	Common	500255104	51,589	1,114	SH		DFND	0	0	1,114	0
KRAFT HEINZ COMPANY	Common	500754106	9,142,933	129,540	SH		DFND	0	0	129,540	0
KROGER CO COM	Common	501044101	40,779,299	1,130,560	SH		DFND	0	0	1,130,560	0
L-3 COMMUNICATIONS HLDGS INC COM	Common	502424104	3,215,244	30,762	SH		DFND	0	0	30,762	0
LAM RESEARCH CORP COM	Common	512807108	2,380,625	36,440	SH		DFND	0	0	36,440	0
LANNETT CO. INC.	Common	516012101	1,868	45	SH		DFND	0	0	45	0
LAS VEGAS SANDS CORP.	Common	517834107	3,038,055	80,012	SH		DFND	0	0	80,012	0
LAUDER ESTEE COS INC CL A	Common	518439104	3,703,857	45,908	SH		DFND	0	0	45,908	0
LEGGETT & PLATT INC	Common	524660107	2,488,365	60,324	SH		DFND	0	0	60,324	0
LILLY ELI & CO COM	Common	532457108	19,234,974	229,836	SH		DFND	0	0	229,836	0
LOCKHEED MARTIN CORP COM	Common	539830109	12,440,465	60,009	SH		DFND	0	0	60,009	0
LOWES COS INC COM	Common	548661107	14,355,140	208,287	SH		DFND	0	0	208,287	0
LUMINEX CORP.	Common	55027E102	2,367	140	SH		DFND	0	0	140	0
LYONDELLBASELL INDUSTRIES	Common	N53745100	11,457,331	137,444	SH		DFND	0	0	137,444	0
MAIDEN HOLDINGS LTD.	Common	G5753U112	2,456	177	SH		DFND	0	0	177	0
MALLINCKRODT PLC	Common	G5785G107	191	3	SH		DFND	0	0	3	0
MANHATTAN ASSOCIATES INC.	Common	562750109	3,177	51	SH		DFND	0	0	51	0
MARATHON PETROLEUM CORP	Common	56585A102	8,690,210	187,572	SH		DFND	0	0	187,572	0
MARRIOTT INTL INC NEW CL A	Common	571903202	3,894,220	57,100	SH		DFND	0	0	57,100	0
MARSH & MCLENNAN COS COM	Common	571748102	6,248,436	119,656	SH		DFND	0	0	119,656	0
MARTEN TRANSPORT LIMITED	Common	573075108	1,940	120	SH		DFND	0	0	120	0
MASTERCARD INC CL A	Common	57636Q104	19,716,543	218,781	SH		DFND	0	0	218,781	0
MBIA INC COM	Common	55262C100	881	145	SH		DFND	0	0	145	0
MCDONALDS CORP COM	Common	580135101	20,778,991	210,890	SH		DFND	0	0	210,890	0
MCKESSON CORP COM	Common	58155Q103	9,376,950	50,678	SH		DFND	0	0	50,678	0
MEDTRONIC PLC	Common	G5960L103	20,877,581	311,885	SH		DFND	0	0	311,885	0
MENTOR GRAPHICS CORP COM	Common	587200106	738	30	SH		DFND	0	0	30	0
MERCK & CO INC NEW COM	Common	58933Y105	37,647,280	762,245	SH		DFND	0	0	762,245	0
MERIDIAN BIOSCIENCE INC.	Common	589584101	1,675	98	SH		DFND	0	0	98	0
Meritor Inc	Common	59001K100	2,062	194	SH		DFND	0	0	194	0
METHODE ELECTRONICS INC.	Common	591520200	382	12	SH		DFND	0	0	12	0
METLIFE INC COM	Common	59156R108	14,213,697	301,457	SH		DFND	0	0	301,457	0
METTLER TOLEDO INTERNATIONAL COM	Common	592688105	569	2	SH		DFND	0	0	2	0
MICROCHIP TECHNOLOGY COM	Common	595017104	62,997	1,462	SH		DFND	0	0	1,462	0
MICRON TECHNOLOGY INC COM	Common	595112103	4,585,662	306,119	SH		DFND	0	0	306,119	0
MICROSOFT CORP COM	Common	594918104	126,128,076	2,849,708	SH		DFND	0	0	2,849,708	0
MONDELEZ INTERNATIONAL INC	Common	609207105	14,905,971	356,006	SH		DFND	0	0	356,006	0
MONSANTO CO	Common	61166W101	8,892,171	104,197	SH		DFND	0	0	104,197	0
MONSTER BEVERAGE CORPORATION	Common	61174X109	17,387,788	128,665	SH		DFND	0	0	128,665	0
MOODY'S CORPORATION	Common	615369105	20,488,939	208,645	SH		DFND	0	0	208,645	0
MORGAN STANLEY COM NEW	Common	617446448	11,676,829	370,693	SH		DFND	0	0	370,693	0
MOSAIC CO.	Common	61945C103	1,279,243	41,120	SH		DFND	0	0	41,120	0
MRC GLOBAL INC	Common	55345k103	1,449	130	SH		DFND	0	0	130	0
MSCI INC CL A	Common	55354G100	2,081	35	SH		DFND	0	0	35	0
MYLAN N.V.	Common	N59465109	7,179,565	178,330	SH		DFND	0	0	178,330	0
MYRIAD GENETICS INC	Common	62855J104	1,049	28	SH		DFND	0	0	28	0
NATIONAL FUEL GAS CO.	Common	636180101	649	13	SH		DFND	0	0	13	0
NATIONAL OILWELL VARCO INC COM	Common	637071101	1,761,003	46,773	SH		DFND	0	0	46,773	0
NETFLIX COM INC COM	Common	64110L106	9,590,272	92,875	SH		DFND	0	0	92,875	0
NEUSTAR INC. (CL A)	Common	64126X201	2,149	79	SH		DFND	0	0	79	0
NEW JERSEY RESOURCES CORP	Common	646025106	2,822	94	SH		DFND	0	0	94	0
NEWPARK RESOURCES INC.	Common	651718504	1,003	196	SH		DFND	0	0	196	0
NEXTERA ENERGY INC COM	Common	65339F101	9,481,860	97,200	SH		DFND	0	0	97,200	0
NIKE INC CL B	Common	654106103	18,248,133	148,395	SH		DFND	0	0	148,395	0
NORFOLK SOUTHERN CORP COM	Common	655844108	5,097,255	66,718	SH		DFND	0	0	66,718	0
NORTHROP GRUMMAN CORP COM	Common	666807102	11,594,760	69,869	SH		DFND	0	0	69,869	0
NVIDIA CORP COM	Common	67066G104	4,449,423	180,504	SH		DFND	0	0	180,504	0
NVR INC.	Common	62944T105	1,525	1	SH		DFND	0	0	1	0
OCCIDENTAL PETE CORP DEL COM	Common	674599105	11,198,864	169,295	SH		DFND	0	0	169,295	0
OCEANEERING INTERNATIONAL INC.	Common	675232102	20,984,947	534,240	SH		DFND	0	0	534,240	0
OLD DOMINION FREIGHT LINE INC.	Common	679580100	1,525	25	SH		DFND	0	0	25	0
OMNICOM GROUP INC COM	Common	681919106	78,289	1,188	SH		DFND	0	0	1,188	0
ONE Gas Inc	Common	68235P108	861	19	SH		DFND	0	0	19	0
ORACLE CORP COM	Common	68389X105	25,046,763	693,432	SH		DFND	0	0	693,432	0
OUTERWALL INC	Common	690070107	1,480	26	SH		DFND	0	0	26	0
PACKAGING CORP OF AMERICA	Common	695156109	1,203	20	SH		DFND	0	0	20	0
PAREXEL INTERNATIONAL CORP	Common	699462107	4,458	72	SH		DFND	0	0	72	0
PARKER HANNIFIN CORP COM	Common	701094104	16,112,490	165,596	SH		DFND	0	0	165,596	0
PARKWAY PPTYS INC COM	Common	70159Q104	1,602	103	SH		DFND	0	0	103	0
PAYCHEX INC COM	Common	704326107	117,407	2,465	SH		DFND	0	0	2,465	0
Paypal Holdings Inc.	Common	70450Y103	8,252,356	265,862	SH		DFND	0	0	265,862	0
PDL BIOPHARMA INC.	Common	69329Y104	2,635	524	SH		DFND	0	0	524	0
PENN NATIONAL GAMING INC	Common	707569109	671	40	SH		DFND	0	0	40	0
PENNYMAC MORTGAGE INVESTMENT TRUST	Common	70931T103	1,191	77	SH		DFND	0	0	77	0
PEOPLE'S UNITED FINANCIAL INC.	Common	712704105	3,648,070	231,918	SH		DFND	0	0	231,918	0
PEP BOYS MANNY MOE&JCK COM	Common	713278109	2,876	236	SH		DFND	0	0	236	0
PEPSICO INC COM	Common	713448108	57,692,174	611,794	SH		DFND	0	0	611,794	0
PERKINELMER INC COM	Common	714046109	1,716,054	37,338	SH		DFND	0	0	37,338	0
PFIZER INC COM	Common	717081103	81,777,505	2,603,550	SH		DFND	0	0	2,603,550	0
PG&E CORP COM	Common	69331C108	5,546,376	105,045	SH		DFND	0	0	105,045	0
PHIBRO ANIMAL HEALTH CORP	Common	71742Q106	1,866	59	SH		DFND	0	0	59	0
PHILIP MORRIS INTL INC COM	Common	718172109	26,896,043	339,040	SH		DFND	0	0	339,040	0
PHILLIPS 66	Common	718546104	9,188,834	119,584	SH		DFND	0	0	119,584	0
PINNACLE ENTMT INC COM	Common	723456109	710	21	SH		DFND	0	0	21	0
PIPER JAFFRAY COS.	Common	724078100	1,699	47	SH		DFND	0	0	47	0
PNC FINL SVCS GROUP INC COM	Common	693475105	10,110,730	113,349	SH		DFND	0	0	113,349	0
POLYCOM INC COM	Common	73172K104	1,624	155	SH		DFND	0	0	155	0
PPG INDS INC COM	Common	693506107	5,217,291	59,497	SH		DFND	0	0	59,497	0
PRAXAIR INC COM	Common	74005P104	6,427,264	63,099	SH		DFND	0	0	63,099	0
PRECISION CASTPARTS CORP	Common	740189105	6,949,416	30,253	SH		DFND	0	0	30,253	0
PRICE T ROWE GROUP INC COM	Common	74144T108	87,361	1,257	SH		DFND	0	0	1,257	0
PRICELINE COM INC COM NEW	Common	741503403	14,032,176	11,345	SH		DFND	0	0	11,345	0
PROCTER & GAMBLE CO COM	Common	742718109	45,101,847	626,937	SH		DFND	0	0	626,937	0
PROGRESS SOFTWARE CORP.	Common	743312100	2,531	98	SH		DFND	0	0	98	0
PROVIDENT FINANCIAL SERVICES INC.	Common	74386T105	1,248	64	SH		DFND	0	0	64	0
PRUDENTIAL FINL INC COM	Common	744320102	12,400,129	162,710	SH		DFND	0	0	162,710	0
PUBLIC STORAGE COM	Common	74460D109	6,781,471	32,044	SH		DFND	0	0	32,044	0
PUBLIC SVC ENTERPRISE GROUP COM	Common	744573106	1,095,527	25,985	SH		DFND	0	0	25,985	0
QUALCOMM INC COM	Common	747525103	19,169,305	356,771	SH		DFND	0	0	356,771	0
QUEST DIAGNOSTICS INC COM	Common	74834L100	3,351,467	54,522	SH		DFND	0	0	54,522	0
QUINTILES TRANSNATIONL COM	Common	74876Y101	1,113	16	SH		DFND	0	0	16	0
RAIT FINANCIAL TRUST	Common	749227609	739	149	SH		DFND	0	0	149	0
RAYTHEON CO COM NEW	Common	755111507	11,930,427	109,193	SH		DFND	0	0	109,193	0
REGENERON PHARMACEUTICALS INC.	Common	75886F107	7,986,453	17,170	SH		DFND	0	0	17,170	0
REGIONS FINANCIAL CORP	Common	7591EP100	1,577,425	175,075	SH		DFND	0	0	175,075	0
RESOURCES CONNECTION INC.	Common	76122Q105	2,335	155	SH		DFND	0	0	155	0
REXNORD CORP NEW COM	Common	76169B102	1,171	69	SH		DFND	0	0	69	0
REYNOLDS AMERICAN INC COM	Common	761713106	8,122,792	183,483	SH		DFND	0	0	183,483	0
ROBERT HALF INTL INC COM	Common	770323103	1,832,858	35,826	SH		DFND	0	0	35,826	0
ROCKWELL AUTOMATION INC	Common	773903109	70,927	699	SH		DFND	0	0	699	0
ROSS STORES INC COM	Common	778296103	3,921,853	80,913	SH		DFND	0	0	80,913	0
RYDER SYS INC COM	Common	783549108	1,628	22	SH		DFND	0	0	22	0
SALESFORCE COM INC COM	Common	79466L302	9,967,995	143,569	SH		DFND	0	0	143,569	0
SANMINA CORPORATION COM	Common	801056102	2,414	113	SH		DFND	0	0	113	0
SCANA CORP NEW COM	Common	80589M102	350,556	6,231	SH		DFND	0	0	6,231	0
SCHLUMBERGER LTD COM	Common	806857108	19,242,561	278,999	SH		DFND	0	0	278,999	0
SCHWAB CHARLES CP NEW COM	Common	808513105	7,161,020	250,736	SH		DFND	0	0	250,736	0
SELECT INCOME REIT	Common	81618T100	1,615	85	SH		DFND	0	0	85	0
SILICON LABORATORIES INC.	Common	826919102	1,287	31	SH		DFND	0	0	31	0
SIMON PPTY GROUP INC NEW COM	Common	828806109	46,120,885	251,039	SH		DFND	0	0	251,039	0
SKECHERS U S A INC CL A	Common	830566105	1,474	11	SH		DFND	0	0	11	0
SKYWEST INC.	Common	830879102	2,668	160	SH		DFND	0	0	160	0
SLM CORP COM(NEW)	Common	78442P106	1,147	155	SH		DFND	0	0	155	0
SNAP ON INC COM	Common	833034101	3,231,474	21,409	SH		DFND	0	0	21,409	0
SOUTHERN CO COM	Common	842587107	10,849,852	242,726	SH		DFND	0	0	242,726	0
SOUTHERN COPPER CORP COM	Common	84265V105	667,438	24,979	SH		DFND	0	0	24,979	0
SOUTHWEST AIRLS CO COM	Common	844741108	4,832,259	127,031	SH		DFND	0	0	127,031	0
SPECTRA ENERGY CORP COM	Common	847560109	3,859,693	146,924	SH		DFND	0	0	146,924	0
STAPLES INC	Common	855030102	918,036	78,264	SH		DFND	0	0	78,264	0
STARBUCKS CORP COM	Common	855244109	47,494,424	835,581	SH		DFND	0	0	835,581	0
STATE STR CORP COM	Common	857477103	6,055,553	90,099	SH		DFND	0	0	90,099	0
STRYKER CORP COM	Common	863667101	6,956,060	73,922	SH		DFND	0	0	73,922	0
SUN COMMUNITIES INC.	Common	866674104	2,032	30	SH		DFND	0	0	30	0
SUNSTONE HOTEL INVS INC NEW COM	Common	867892101	1,575	119	SH		DFND	0	0	119	0
SUNTRUST BKS INC COM	Common	867914103	1,006,859	26,330	SH		DFND	0	0	26,330	0
SUPER MICRO COMPUTER INC.	Common	86800U104	1,444	53	SH		DFND	0	0	53	0
SUPERVALU INC COM	Common	868536103	3,747	522	SH		DFND	0	0	522	0
SYMANTEC CORP COM	Common	871503108	1,932,864	99,274	SH		DFND	0	0	99,274	0
SYNNEX CORP	Common	87162W100	2,636	31	SH		DFND	0	0	31	0
SYSCO CORP COM	Common	871829107	1,010,063	25,919	SH		DFND	0	0	25,919	0
T-Mobile US Inc	Common	872590104	2,391,864	60,082	SH		DFND	0	0	60,082	0
TARGET CORP COM	Common	87612E106	45,297,462	575,864	SH		DFND	0	0	575,864	0
TEGNA, INC	Common	87901J105	60,699	2,711	SH		DFND	0	0	2,711	0
TESLA MOTORS INC	Common	88160R101	5,301,352	21,342	SH		DFND	0	0	21,342	0
TESORO CORP COM	Common	881609101	2,047,777	21,059	SH		DFND	0	0	21,059	0
TEXAS INSTRS INC COM	Common	882508104	31,746,925	641,093	SH		DFND	0	0	641,093	0
TEXAS ROADHOUSE INC	Common	882681109	4,761	128	SH		DFND	0	0	128	0
THE CHEMOURS COMPANY	Common	163851108	256,380	39,626	SH		DFND	0	0	39,626	0
THERMO FISHER SCIENTIFIC INC COM	Common	883556102	10,652,666	87,117	SH		DFND	0	0	87,117	0
THOMSON REUTERS CORP COM	Common	884903105	2,904,517	72,144	SH		DFND	0	0	72,144	0
TIME WARNER CABLE INC COM	Common	88732J207	11,097,263	61,868	SH		DFND	0	0	61,868	0
TIME WARNER INC COM NEW	Common	887317303	12,407,175	180,468	SH		DFND	0	0	180,468	0
TJX COS INC NEW COM	Common	872540109	10,634,866	148,906	SH		DFND	0	0	148,906	0
TOMPKINTRUSTCO INC	Common	890110109	2,561	48	SH		DFND	0	0	48	0
TOTAL SYS SVCS INC COM	Common	891906109	2,135	47	SH		DFND	0	0	47	0
TRAVELERS COMPANIES INC COM	Common	89417E109	6,942,217	69,750	SH		DFND	0	0	69,750	0
TRIPLE-S MANAGEMENT CORP. (CL B)	Common	896749108	2,012	113	SH		DFND	0	0	113	0
TRUSTCO BK CORP N Y COM	Common	898349105	1,950	334	SH		DFND	0	0	334	0
TYSON FOODS INC CL A	Common	902494103	3,773,361	87,549	SH		DFND	0	0	87,549	0
UBIQUITI NETWORKS INC	Common	90347A100	1,728	51	SH		DFND	0	0	51	0
UNION PAC CORP COM	Common	907818108	16,941,831	191,628	SH		DFND	0	0	191,628	0
UNITED COMMUNITY BANKS INC.	Common	90984P303	2,800	137	SH		DFND	0	0	137	0
UNITED PARCEL SERVICE INC CL B	Common	911312106	15,152,665	153,538	SH		DFND	0	0	153,538	0
UNITED TECHNOLOGIES CORP COM	Common	913017109	17,424,153	195,799	SH		DFND	0	0	195,799	0
UNITED THERAPEUTICS CORP	Common	91307C102	1,443	11	SH		DFND	0	0	11	0
UNITEDHEALTH GROUP INC COM	Common	91324P102	27,845,996	240,031	SH		DFND	0	0	240,031	0
UNUM GROUP COM	Common	91529Y106	1,678,072	52,309	SH		DFND	0	0	52,309	0
US BANCORP DEL COM NEW	Common	902973304	16,099,992	392,587	SH		DFND	0	0	392,587	0
V F CORP COM	Common	918204108	5,045,493	73,970	SH		DFND	0	0	73,970	0
VALERO ENERGY CORP NEW COM	Common	91913Y100	8,711,615	144,952	SH		DFND	0	0	144,952	0
VECTREN CORP.	Common	92240G101	1,806	43	SH		DFND	0	0	43	0
VERIZON COMMUNICATIONS INC COM	Common	92343V104	79,779,979	1,833,601	SH		DFND	0	0	1,833,601	0
VERSIGN INC	Common	92343E102	4,465,742	63,290	SH		DFND	0	0	63,290	0
VERTEX PHARMACEUTICALS INC.	Common	92532F100	5,555,556	53,347	SH		DFND	0	0	53,347	0
VIACOM INC CLASS A	Common	92553P102	99,120	2,239	SH		DFND	0	0	2,239	0
VIACOM INC CLASS B	Common	92553P201	3,273,143	75,855	SH		DFND	0	0	75,855	0
VISA INC COM CL A	Common	92826C839	66,348,572	952,463	SH		DFND	0	0	952,463	0
VISTEON CORP COM	Common	92839U206	2,024	20	SH		DFND	0	0	20	0
VMWARE INC CL A COM	Common	928563402	1,412,862	17,932	SH		DFND	0	0	17,932	0
WABASH NATL CORP COM	Common	929566107	2,012	190	SH		DFND	0	0	190	0
WAL MART STORES INC COM	Common	931142103	26,490,771	408,556	SH		DFND	0	0	408,556	0
WALGREENS BOOTS ALLIANCE	Common	931427108	15,635,348	188,151	SH		DFND	0	0	188,151	0
WASTE MGMT INC DEL COM	Common	94106L109	4,990,812	100,197	SH		DFND	0	0	100,197	0
WEC ENERGY GROUP, INC	Common	92939U106	130,967	2,508	SH		DFND	0	0	2,508	0
WELLS FARGO & CO NEW COM	Common	949746101	52,475,489	1,021,918	SH		DFND	0	0	1,021,918	0
WESTERN ASSET MTG CAP CORP COM	Common	95790D105	2,370	188	SH		DFND	0	0	188	0
WESTERN DIGITAL CORP COM	Common	958102105	24,428,435	307,508	SH		DFND	0	0	307,508	0
WESTERN REFNG INC COM	Common	959319104	3,264	74	SH		DFND	0	0	74	0
WESTERN UN CO COM	Common	959802109	3,489,428	190,056	SH		DFND	0	0	190,056	0
WESTROCK COMPANY	Common	96145D105	18,804,200	365,556	SH		DFND	0	0	365,556	0
WILLIAMS COS INC DEL COM	Common	969457100	6,040,230	163,914	SH		DFND	0	0	163,914	0
WORTHINGTON INDS INC COM	Common	981811102	3,627	137	SH		DFND	0	0	137	0
WYNDHAM WORLDWIDE CORP COM	Common	98310W108	1,194,187	16,609	SH		DFND	0	0	16,609	0
YAHOO INC COM	Common	984332106	5,937,651	205,384	SH		DFND	0	0	205,384	0
YUM! BRANDS	Common	988498101	7,565,988	94,634	SH		DFND	0	0	94,634	0
ISHARES 1-3 YEAR CREDIT BOND ETF	Common	464288646	269,132	2,560	SH		DFND	0	0	2,560	0
ISHARES FLOATING	Common	46429B655	186,715	3,701	SH		DFND	0	0	3,701	0
ISHARES INTERM CR BD ETF	Common	464288638	26,064	240	SH		DFND	0	0	240	0
ISHARES INTERMEDIATE	Common	464288612	61,988	558	SH		DFND	0	0	558	0