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	7,101,226	261,459	SH		DFND	0	0	261,459	0
21ST CENTURY FOX CLASS B	Common	90130A200	2,907,755	106,785	SH		DFND	0	0	106,785	0
2U INC COM	Common	90214J101	1,986	71	SH		DFND	0	0	71	0
3M CO COM	Common	88579Y101	21,225,176	140,900	SH		DFND	0	0	140,900	0
ABBOTT LABS COM	Common	002824100	14,763,354	328,732	SH		DFND	0	0	328,732	0
ABBVIE INC	Common	00287Y109	21,652,516	365,505	SH		DFND	0	0	365,505	0
ACCENTURE PLC IRELAND SHS CLASS A	Common	G1151C101	19,017,432	181,985	SH		DFND	0	0	181,985	0
ACE LTD	Common	H0023R105	8,426,637	72,115	SH		DFND	0	0	72,115	0
ADOBE SYS INC COM	Common	00724F101	10,376,988	110,464	SH		DFND	0	0	110,464	0
ADT CORPORATION	Common	00101J106	3,287,182	99,672	SH		DFND	0	0	99,672	0
AETNA INC NEW COM	Common	00817Y108	12,876,335	119,093	SH		DFND	0	0	119,093	0
AFFILIATED MANAGER GROUP INC	Common	008252108	205,930	1,289	SH		DFND	0	0	1,289	0
AFLAC INC COM	Common	001055102	5,842,825	97,543	SH		DFND	0	0	97,543	0
AGL RESOURCES INC	Common	001204106	2,445,454	38,324	SH		DFND	0	0	38,324	0
AIR PRODS & CHEMS INC COM	Common	009158106	6,230,967	47,890	SH		DFND	0	0	47,890	0
AKORN INC.	Common	009728106	1,753	47	SH		DFND	0	0	47	0
ALBANY MOLECULAR RESEARCH INC	Common	012423109	1,588	80	SH		DFND	0	0	80	0
ALCOA INC COM	Common	013817101	25,563,319	2,590,002	SH		DFND	0	0	2,590,002	0
ALEXANDER & BALDWIN INC.	Common	014491104	4,413	125	SH		DFND	0	0	125	0
ALEXION PHARMACEUTICALS INC	Common	015351109	9,088,093	47,644	SH		DFND	0	0	47,644	0
ALLEGION	Common	G0176J109	2,043	31	SH		DFND	0	0	31	0
ALLERGAN PLC	Common	G0177J108	27,080,000	86,656	SH		DFND	0	0	86,656	0
ALLISON TRANSMISSION HOLDINGS INC	Common	01973R101	1,682	65	SH		DFND	0	0	65	0
ALLSTATE CORP COM	Common	020002101	5,309,998	85,521	SH		DFND	0	0	85,521	0
ALPHABET INC - CLASS A	Common	02079K305	97,595,908	125,443	SH		DFND	0	0	125,443	0
ALPHABET INC. CLASS C	Common	02079K107	49,291,532	64,953	SH		DFND	0	0	64,953	0
ALTRIA GROUP INC COM	Common	02209S103	31,988,723	549,540	SH		DFND	0	0	549,540	0
AMAZON COM INC COM	Common	023135106	95,751,984	141,668	SH		DFND	0	0	141,668	0
AMC Networks Inc	Common	00164V103	18,232,076	244,136	SH		DFND	0	0	244,136	0
AMERICAN AIRLINES GROUP	Common	02376R102	5,894,400	139,183	SH		DFND	0	0	139,183	0
AMERICAN EAGLE OUTFITTERS INC.	Common	02553E106	4,650	300	SH		DFND	0	0	300	0
AMERICAN ELECTRIC POWER CO INC	Common	025537101	6,303,881	108,184	SH		DFND	0	0	108,184	0
AMERICAN EQTY INVT LIFE HLD CO COM	Common	025676206	2,403	100	SH		DFND	0	0	100	0
AMERICAN EXPRESS CO COM	Common	025816109	15,010,489	215,823	SH		DFND	0	0	215,823	0
AMERICAN INTL GROUP INC COM NEW	Common	026874784	45,291,704	730,865	SH		DFND	0	0	730,865	0
AMERICAN TOWER CORP CL A	Common	03027X100	9,057,262	93,422	SH		DFND	0	0	93,422	0
AMERIPRISE FINL INC COM	Common	03076C106	86,519	813	SH		DFND	0	0	813	0
AMGEN INC COM	Common	031162100	33,874,212	208,675	SH		DFND	0	0	208,675	0
AMKOR TECHNOLOGY INC.	Common	031652100	2,620	431	SH		DFND	0	0	431	0
AMSURG CORP.	Common	03232P405	2,888	38	SH		DFND	0	0	38	0
ANADARKO PETE CORP COM	Common	032511107	5,448,587	112,157	SH		DFND	0	0	112,157	0
ANTHEM INC	Common	036752103	13,101,503	93,958	SH		DFND	0	0	93,958	0
APACHE CORP COM	Common	037411105	3,702,839	83,266	SH		DFND	0	0	83,266	0
APARTMENT INVT & MGMT CL A	Common	03748R101	3,456,430	86,346	SH		DFND	0	0	86,346	0
APPLE INC COM	Common	037833100	190,578,282	1,810,548	SH		DFND	0	0	1,810,548	0
ARCHER DANIELS MIDLAND CO COM	Common	039483102	8,666,163	236,264	SH		DFND	0	0	236,264	0
ASHFORD HOSPITALITY TRUST	Common	044103109	504	80	SH		DFND	0	0	80	0
ASPEN INSURANCE HLDGS LTD	Common	G05384105	2,028	42	SH		DFND	0	0	42	0
ASPEN TECHNOLOGY INC	Common	045327103	1,699	45	SH		DFND	0	0	45	0
AT&T INC COM	Common	00206R102	48,400,658	1,406,587	SH		DFND	0	0	1,406,587	0
AUTOMATIC DATA PROCESS COM	Common	053015103	8,898,056	105,029	SH		DFND	0	0	105,029	0
AVAGO TECHNOLOGIES LTD SHS	Common	Y0486S104	8,223,763	56,657	SH		DFND	0	0	56,657	0
AVALONBAY CMNTYS INC COM	Common	053484101	1,246,744	6,771	SH		DFND	0	0	6,771	0
AVNET INC COM	Common	053807103	1,970	46	SH		DFND	0	0	46	0
BAKER HUGHES INC COM	Common	057224107	4,429,523	95,981	SH		DFND	0	0	95,981	0
BANK OF AMERICA CORPORATION COM	Common	060505104	42,714,927	2,538,023	SH		DFND	0	0	2,538,023	0
BANK OF NEW YORK MELLON CORP COM	Common	064058100	12,682,899	307,688	SH		DFND	0	0	307,688	0
BAXALTA INC	Common	07177M103	4,690,625	120,180	SH		DFND	0	0	120,180	0
BAXTER INTL INC COM	Common	071813109	4,584,714	120,176	SH		DFND	0	0	120,176	0
BB&T CORP	Common	054937107	6,476,777	171,298	SH		DFND	0	0	171,298	0
BECTON DICKINSON & CO COM	Common	075887109	7,124,197	46,234	SH		DFND	0	0	46,234	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	Common	084670702	54,225,394	410,674	SH		DFND	0	0	410,674	0
BEST BUY INC COM	Common	086516101	3,042,381	99,914	SH		DFND	0	0	99,914	0
BIO-RAD LABORATORIES INC. (CL A)	Common	090572207	693	5	SH		DFND	0	0	5	0
BIOGEN INC	Common	09062X103	41,003,109	133,844	SH		DFND	0	0	133,844	0
BLACK HILLS CORP COM	Common	092113109	4,968	107	SH		DFND	0	0	107	0
BLACKROCK INC.	Common	09247X101	9,433,425	27,703	SH		DFND	0	0	27,703	0
BOEING CO COM	Common	097023105	58,302,881	403,229	SH		DFND	0	0	403,229	0
BOFI HLDG INC COM	Common	05566U108	3,115	148	SH		DFND	0	0	148	0
BRISTOL MYERS SQUIBB CO COM	Common	110122108	61,272,147	890,713	SH		DFND	0	0	890,713	0
BROADCOM CORP CL A	Common	111320107	7,053,635	121,993	SH		DFND	0	0	121,993	0
BROCADE COMMUNICATION SYSTEMS INC	Common	111621306	1,698	185	SH		DFND	0	0	185	0
BRUKER CORP COM	Common	116794108	1,334	55	SH		DFND	0	0	55	0
CA INC COM	Common	12673P105	4,143,256	145,072	SH		DFND	0	0	145,072	0
CADENCE DESIGN SYSTEMS INC.	Common	127387108	1,664	80	SH		DFND	0	0	80	0
CALERES INC	Common	129500104	1,609	60	SH		DFND	0	0	60	0
CAMERON INTERNATIONAL CORP COM	Common	13342B105	1,780,849	28,178	SH		DFND	0	0	28,178	0
CAMPBELL SOUP COMPANY	Common	134429109	2,060,222	39,205	SH		DFND	0	0	39,205	0
CAPITAL ONE FINL CORP COM	Common	14040H105	36,628,679	507,463	SH		DFND	0	0	507,463	0
CARDINAL HEALTH INC COM	Common	14149Y108	6,521,262	73,051	SH		DFND	0	0	73,051	0
CARDTRONICS INC COM	Common	14161H108	2,254	67	SH		DFND	0	0	67	0
CARNIVAL CORP PAIRED CTF	Common	143658300	5,109,733	93,791	SH		DFND	0	0	93,791	0
CATCHMARK TIMBER TR INC CL A	Common	14912Y202	2,182	193	SH		DFND	0	0	193	0
CATERPILLAR INC DEL COM	Common	149123101	9,058,388	133,290	SH		DFND	0	0	133,290	0
CBRE Group Inc	Common	12504L109	4,218,379	121,989	SH		DFND	0	0	121,989	0
CBS CORP NEW CL B	Common	124857202	5,121,617	108,670	SH		DFND	0	0	108,670	0
CDW CORPORATION	Common	12514G108	1,975	47	SH		DFND	0	0	47	0
CELGENE CORP COM	Common	151020104	20,974,047	175,134	SH		DFND	0	0	175,134	0
CENTENE CORP	Common	15135B101	526	8	SH		DFND	0	0	8	0
CF INDS HLDGS INC COM	Common	125269100	2,504,060	61,359	SH		DFND	0	0	61,359	0
CHARLES RIVER LABORATORIES INT'L INC	Common	159864107	2,170	27	SH		DFND	0	0	27	0
CHESAPEAKE UTILITIES CORP.	Common	165303108	1,078	19	SH		DFND	0	0	19	0
CHEVRON CORP NEW COM	Common	166764100	38,519,162	428,181	SH		DFND	0	0	428,181	0
CHUBB CORP COM	Common	171232101	6,729,092	50,732	SH		DFND	0	0	50,732	0
CIGNA CORP COM	Common	125509109	8,315,787	56,829	SH		DFND	0	0	56,829	0
CISCO SYS INC COM	Common	17275R102	37,476,805	1,380,107	SH		DFND	0	0	1,380,107	0
CITIGROUP INC COM	Common	172967424	73,319,969	1,416,811	SH		DFND	0	0	1,416,811	0
CME GROUP INC COM	Common	12572Q105	6,413,211	70,786	SH		DFND	0	0	70,786	0
COACH INC COM	Common	189754104	1,674,270	51,154	SH		DFND	0	0	51,154	0
COCA COLA CO COM	Common	191216100	44,003,111	1,024,281	SH		DFND	0	0	1,024,281	0
COGNIZANT TECHNOLOGY SOLUTIONS CL A	Common	192446102	35,053,000	584,022	SH		DFND	0	0	584,022	0
COLGATE PALMOLIVE CO COM	Common	194162103	13,306,545	199,738	SH		DFND	0	0	199,738	0
COMCAST CORP CLASS A	Common	20030N101	38,130,541	675,714	SH		DFND	0	0	675,714	0
CONOCOPHILLIPS COM	Common	20825C104	12,711,165	272,246	SH		DFND	0	0	272,246	0
CONSOLIDATED EDISON COM	Common	209115104	3,213,757	50,004	SH		DFND	0	0	50,004	0
COOPER TIRE & RUBR CO COM	Common	216831107	4,087	108	SH		DFND	0	0	108	0
CORENERGY INFRASTRUCTURE TR COM	Common	21870U502	1,825	123	SH		DFND	0	0	123	0
CORNING INC COM	Common	219350105	4,774,991	261,214	SH		DFND	0	0	261,214	0
COSTCO WHSL CORP NEW COM	Common	22160K105	15,689,725	97,150	SH		DFND	0	0	97,150	0
COUSINS PROPERTIES INC.	Common	222795106	1,489	158	SH		DFND	0	0	158	0
CREDIT ACCEPTANCE CORP.	Common	225310101	1,926	9	SH		DFND	0	0	9	0
CROCS INC COM	Common	227046109	1,658	162	SH		DFND	0	0	162	0
CSX CORP COM	Common	126408103	5,661,148	218,156	SH		DFND	0	0	218,156	0
CUMMINS INC COM	Common	231021106	3,523,480	40,035	SH		DFND	0	0	40,035	0
CVS HEALTH CORPORATION	Common	126650100	59,444,942	608,008	SH		DFND	0	0	608,008	0
DANAHER CORP DEL COM	Common	235851102	41,321,940	444,896	SH		DFND	0	0	444,896	0
DARDEN RESTAURANTS INC COM	Common	237194105	3,759,469	59,074	SH		DFND	0	0	59,074	0
DEERE & CO COM	Common	244199105	5,622,776	73,722	SH		DFND	0	0	73,722	0
DELTA AIR LINES DEL COM	Common	247361702	39,810,557	785,373	SH		DFND	0	0	785,373	0
DELUXE CORP COM	Common	248019101	4,308	79	SH		DFND	0	0	79	0
DEVON ENERGY CORP NEW COM	Common	25179M103	2,904,800	90,775	SH		DFND	0	0	90,775	0
DISCOVER FINL SVCS COM	Common	254709108	7,206,259	134,395	SH		DFND	0	0	134,395	0
DISH NETWORK CORP CL A	Common	25470M109	2,747,727	48,054	SH		DFND	0	0	48,054	0
DISNEY WALT CO COM DISNEY	Common	254687106	39,369,377	374,661	SH		DFND	0	0	374,661	0
DOMINION RESOURCES INC	Common	25746U109	8,863,816	131,044	SH		DFND	0	0	131,044	0
DOMTAR CORP COM NEW	Common	257559203	1,514	41	SH		DFND	0	0	41	0
DOVER CORP COM	Common	260003108	93,681	1,528	SH		DFND	0	0	1,528	0
DOW CHEM CO COM	Common	260543103	18,357,510	356,595	SH		DFND	0	0	356,595	0
DR PEPPER SNAPPLE GROUP INC COM	Common	26138E109	3,455,017	37,071	SH		DFND	0	0	37,071	0
DU PONT E I DE NEMOURS & CO COM	Common	263534109	13,396,923	201,155	SH		DFND	0	0	201,155	0
DUKE ENERGY CORP NEW COM NEW	Common	26441C204	10,907,678	152,790	SH		DFND	0	0	152,790	0
Dunkin' Brands Group Inc.	Common	265504100	1,618	38	SH		DFND	0	0	38	0
DYNEGY INC NEW CL A	Common	26817R108	2,827	211	SH		DFND	0	0	211	0
E M C CORP MASS COM	Common	268648102	12,119,419	471,940	SH		DFND	0	0	471,940	0
EASTMAN CHEM CO COM	Common	277432100	19,639,131	290,907	SH		DFND	0	0	290,907	0
EATON CORP PLC	Common	G29183103	5,367,405	103,140	SH		DFND	0	0	103,140	0
EBAY INC COM	Common	278642103	7,371,345	268,244	SH		DFND	0	0	268,244	0
EBIX INC.	Common	278715206	819	25	SH		DFND	0	0	25	0
ECOLAB INC	Common	278865100	6,667,896	58,296	SH		DFND	0	0	58,296	0
ELECTRONIC ARTS INC COM	Common	285512109	4,013,454	58,403	SH		DFND	0	0	58,403	0
ELECTRONICS FOR IMAGING INC.	Common	286082102	2,150	46	SH		DFND	0	0	46	0
EMERSON ELEC CO COM	Common	291011104	7,134,705	149,168	SH		DFND	0	0	149,168	0
EOG RES INC COM	Common	26875P101	31,600,160	446,393	SH		DFND	0	0	446,393	0
EQUITY RESIDENTIAL SH BEN INT	Common	29476L107	6,557,551	80,372	SH		DFND	0	0	80,372	0
EXELON CORP COM	Common	30161N101	10,107,335	363,966	SH		DFND	0	0	363,966	0
EXPEDITORS INTERNATIONAL	Common	302130109	3,729,003	82,683	SH		DFND	0	0	82,683	0
EXPRESS INC COM	Common	30219E103	587	34	SH		DFND	0	0	34	0
EXPRESS SCRIPTS INC COM	Common	30219G108	13,042,271	149,208	SH		DFND	0	0	149,208	0
EXXON MOBIL CORP COM	Common	30231G102	78,136,846	1,002,397	SH		DFND	0	0	1,002,397	0
FACEBOOK INC	Common	30303M102	83,272,310	795,646	SH		DFND	0	0	795,646	0
FEDERAL SIGNAL CORP.	Common	313855108	2,583	163	SH		DFND	0	0	163	0
FEDERATED NATL HLDG CO COM	Common	31422T101	2,630	89	SH		DFND	0	0	89	0
FEDEX CORP COM	Common	31428X106	9,335,117	62,656	SH		DFND	0	0	62,656	0
FIRST BANCORP	Common	318672706	1,439	443	SH		DFND	0	0	443	0
FIRST COMMONWEALTH FINANCIAL CORP. (PENNSY	Common	319829107	2,485	274	SH		DFND	0	0	274	0
FIRST NIAGARA FINCL GROUP INC	Common	33582V108	965	89	SH		DFND	0	0	89	0
FMC TECHNOLOGIES INC	Common	30249U101	1,914,630	65,999	SH		DFND	0	0	65,999	0
FOOT LOCKER INC COM	Common	344849104	1,887	29	SH		DFND	0	0	29	0
FORD MTR CO DEL COM PAR $0.01	Common	345370860	12,147,679	862,149	SH		DFND	0	0	862,149	0
FORUM ENERGY TECHNOLOGIES INC	Common	34984V100	585	47	SH		DFND	0	0	47	0
FRANKLIN RES INC COM	Common	354613101	4,187,722	113,735	SH		DFND	0	0	113,735	0
GAMESTOP CORP NEW CL A	Common	36467W109	938,190	33,459	SH		DFND	0	0	33,459	0
GENERAL DYNAMICS CORP COM	Common	369550108	9,943,765	72,392	SH		DFND	0	0	72,392	0
GENERAL ELECTRIC CO COM	Common	369604103	73,742,391	2,367,332	SH		DFND	0	0	2,367,332	0
GENERAL GROWTH PPTYS INC NEW COM	Common	370023103	3,050,621	112,114	SH		DFND	0	0	112,114	0
GENERAL MLS INC COM	Common	370334104	7,589,324	131,622	SH		DFND	0	0	131,622	0
GENERAL MTRS CORP COM	Common	37045V100	12,069,706	354,887	SH		DFND	0	0	354,887	0
GENTEX CORP	Common	371901109	1,745	109	SH		DFND	0	0	109	0
GILEAD SCIENCES INC COM	Common	375558103	68,532,242	677,263	SH		DFND	0	0	677,263	0
Global Brass and Copper Holdings, Inc.	Common	37953G103	702	33	SH		DFND	0	0	33	0
GLOBAL PAYMENTS INC.	Common	37940X102	2,193	34	SH		DFND	0	0	34	0
GOLDMAN SACHS GROUP INC COM	Common	38141G104	20,030,762	111,140	SH		DFND	0	0	111,140	0
GRAND CANYON EDUCATION INC.	Common	38526M106	3,931	98	SH		DFND	0	0	98	0
GREENBRIER COMPANY	Common	393657101	2,348	72	SH		DFND	0	0	72	0
GROUP 1 AUTOMOTIVE INC.	Common	398905109	1,589	21	SH		DFND	0	0	21	0
HALLIBURTON CO COM	Common	406216101	9,016,242	264,872	SH		DFND	0	0	264,872	0
HCA HOLDINGS INC	Common	40412C101	28,747,551	425,071	SH		DFND	0	0	425,071	0
HEALTHSOUTH CORP.	Common	421924309	1,531	44	SH		DFND	0	0	44	0
HEARTLAND PAYMENT SYSTEMS INC.	Common	42235N108	4,551	48	SH		DFND	0	0	48	0
HESS CORP COM	Common	42809H107	17,999,169	371,270	SH		DFND	0	0	371,270	0
HEWLETT PACKARD ENTERPRISE	Common	42824C109	6,100,246	401,332	SH		DFND	0	0	401,332	0
HFF INC CL A	Common	40418F108	1,087	35	SH		DFND	0	0	35	0
HOME DEPOT INC COM	Common	437076102	76,579,627	579,052	SH		DFND	0	0	579,052	0
HONEYWELL INTL INC COM	Common	438516106	18,007,094	173,864	SH		DFND	0	0	173,864	0
HOST HOTEL & RESORT INC	Common	44107P104	3,083,662	201,021	SH		DFND	0	0	201,021	0
HP INC	Common	40434L105	4,824,219	407,451	SH		DFND	0	0	407,451	0
HUMANA INC COM	Common	444859102	5,903,861	33,073	SH		DFND	0	0	33,073	0
HUNTINGTON BANCSHARES INC	Common	446150104	3,788,824	342,570	SH		DFND	0	0	342,570	0
ILLINOIS TOOL WKS INC COM	Common	452308109	6,252,563	67,464	SH		DFND	0	0	67,464	0
ILLUMINA INC COM	Common	452327109	6,107,497	31,819	SH		DFND	0	0	31,819	0
IMPAX LABORATORIES INC	Common	45256B101	1,795	42	SH		DFND	0	0	42	0
INOVIO PHARMACEUTICALS INC COM	Common	45773H201	571	85	SH		DFND	0	0	85	0
INSIGHT ENTERPRISES INC	Common	45765U103	2,210	88	SH		DFND	0	0	88	0
Insys Therapeutics, Inc.	Common	45824V209	1,231	43	SH		DFND	0	0	43	0
INTEL CORP COM	Common	458140100	42,832,201	1,243,315	SH		DFND	0	0	1,243,315	0
INTERNATIONAL BUSINESS MACHS COM	Common	459200101	27,593,360	200,504	SH		DFND	0	0	200,504	0
INTERPUBLIC GROUP COS INC COM	Common	460690100	4,366,140	187,549	SH		DFND	0	0	187,549	0
INTL PAPER CO COM	Common	460146103	1,517,764	40,259	SH		DFND	0	0	40,259	0
INVESCO MORTGAGE CAPITAL INC.	Common	46131B100	1,239	100	SH		DFND	0	0	100	0
IRON MOUNTAIN INC	Common	46284V101	1,296	48	SH		DFND	0	0	48	0
J2 GLOBAL COMMUNICATIONS	Common	48123V102	3,128	38	SH		DFND	0	0	38	0
JETBLUE AIRWAYS CORP	Common	477143101	90	4	SH		DFND	0	0	4	0
JOHNSON & JOHNSON COM	Common	478160104	73,653,527	717,032	SH		DFND	0	0	717,032	0
JOHNSON CTLS INC COM	Common	478366107	5,709,977	144,593	SH		DFND	0	0	144,593	0
JPMORGAN CHASE & CO COM	Common	46625H100	54,107,821	819,443	SH		DFND	0	0	819,443	0
JUNIPER NETWORKS INC COM	Common	48203R104	3,552,589	128,717	SH		DFND	0	0	128,717	0
KEYCORP NEW COM	Common	493267108	4,103,923	311,139	SH		DFND	0	0	311,139	0
KIMBERLY CLARK CORP COM	Common	494368103	10,234,410	80,396	SH		DFND	0	0	80,396	0
KIMCO RLTY CORP COM	Common	49446R109	2,140,296	80,888	SH		DFND	0	0	80,888	0
KINDER MORGAN INC	Common	49456B101	5,882,553	394,273	SH		DFND	0	0	394,273	0
KRAFT HEINZ COMPANY	Common	500754106	9,510,459	130,710	SH		DFND	0	0	130,710	0
KROGER CO COM	Common	501044101	14,077,300	336,536	SH		DFND	0	0	336,536	0
L-3 COMMUNICATIONS HLDGS INC COM	Common	502424104	3,676,366	30,762	SH		DFND	0	0	30,762	0
LAM RESEARCH CORP COM	Common	512807108	2,894,064	36,440	SH		DFND	0	0	36,440	0
LANNETT CO. INC.	Common	516012101	2,808	70	SH		DFND	0	0	70	0
LAS VEGAS SANDS CORP.	Common	517834107	3,539,027	80,726	SH		DFND	0	0	80,726	0
LAUDER ESTEE COS INC CL A	Common	518439104	4,078,763	46,318	SH		DFND	0	0	46,318	0
LEGGETT & PLATT INC	Common	524660107	2,534,814	60,324	SH		DFND	0	0	60,324	0
LILLY ELI & CO COM	Common	532457108	19,526,917	231,746	SH		DFND	0	0	231,746	0
LOCKHEED MARTIN CORP COM	Common	539830109	13,010,976	59,917	SH		DFND	0	0	59,917	0
LOWES COS INC COM	Common	548661107	15,979,425	210,145	SH		DFND	0	0	210,145	0
LUMINEX CORP.	Common	55027E102	2,994	140	SH		DFND	0	0	140	0
LYONDELLBASELL INDUSTRIES	Common	N53745100	11,570,735	133,150	SH		DFND	0	0	133,150	0
MAIDEN HOLDINGS LTD.	Common	G5753U112	2,639	177	SH		DFND	0	0	177	0
MALLINCKRODT PLC	Common	G5785G107	223	3	SH		DFND	0	0	3	0
MANHATTAN ASSOCIATES INC.	Common	562750109	2,779	42	SH		DFND	0	0	42	0
MARATHON PETROLEUM CORP	Common	56585A102	10,475,775	202,079	SH		DFND	0	0	202,079	0
MARSH & MCLENNAN COS COM	Common	571748102	6,693,147	120,706	SH		DFND	0	0	120,706	0
MARTEN TRANSPORT LIMITED	Common	573075108	2,124	120	SH		DFND	0	0	120	0
MASTERCARD INC CL A	Common	57636Q104	21,490,564	220,733	SH		DFND	0	0	220,733	0
MBIA INC COM	Common	55262C100	939	145	SH		DFND	0	0	145	0
MCDONALDS CORP COM	Common	580135101	42,285,495	357,927	SH		DFND	0	0	357,927	0
MCKESSON CORP COM	Common	58155Q103	10,084,172	51,129	SH		DFND	0	0	51,129	0
MEDTRONIC PLC	Common	G5960L103	24,204,262	314,668	SH		DFND	0	0	314,668	0
MENTOR GRAPHICS CORP COM	Common	587200106	552	30	SH		DFND	0	0	30	0
MERCK & CO INC NEW COM	Common	58933Y105	40,553,241	767,763	SH		DFND	0	0	767,763	0
MERIDIAN BIOSCIENCE INC.	Common	589584101	2,010	98	SH		DFND	0	0	98	0
METHODE ELECTRONICS INC.	Common	591520200	2,196	69	SH		DFND	0	0	69	0
METLIFE INC COM	Common	59156R108	14,621,466	303,287	SH		DFND	0	0	303,287	0
METTLER TOLEDO INTERNATIONAL COM	Common	592688105	678	2	SH		DFND	0	0	2	0
MICROCHIP TECHNOLOGY COM	Common	595017104	68,041	1,462	SH		DFND	0	0	1,462	0
MICRON TECHNOLOGY INC COM	Common	595112103	4,364,579	308,233	SH		DFND	0	0	308,233	0
MICROSOFT CORP COM	Common	594918104	158,978,272	2,865,506	SH		DFND	0	0	2,865,506	0
MONDELEZ INTERNATIONAL INC	Common	609207105	16,105,451	359,176	SH		DFND	0	0	359,176	0
MONSANTO CO	Common	61166W101	9,568,262	97,120	SH		DFND	0	0	97,120	0
MONSTER BEVERAGE CORPORATION	Common	61174X109	14,037,692	94,238	SH		DFND	0	0	94,238	0
MOODY'S CORPORATION	Common	615369105	20,935,439	208,645	SH		DFND	0	0	208,645	0
MORGAN STANLEY COM NEW	Common	617446448	10,767,462	338,493	SH		DFND	0	0	338,493	0
MOSAIC CO.	Common	61945C103	1,134,500	41,120	SH		DFND	0	0	41,120	0
MRC GLOBAL INC	Common	55345k103	1,677	130	SH		DFND	0	0	130	0
MSCI INC CL A	Common	55354G100	1,947	27	SH		DFND	0	0	27	0
MYLAN N.V.	Common	N59465109	36,569,000	676,327	SH		DFND	0	0	676,327	0
MYRIAD GENETICS INC	Common	62855J104	1,208	28	SH		DFND	0	0	28	0
NATIONAL FUEL GAS CO.	Common	636180101	555	13	SH		DFND	0	0	13	0
NATIONAL OILWELL VARCO INC COM	Common	637071101	1,566,427	46,773	SH		DFND	0	0	46,773	0
NAVIGANT CONSULTING INC.	Common	63935N107	2,152	134	SH		DFND	0	0	134	0
NETFLIX COM INC COM	Common	64110L106	10,717,749	93,703	SH		DFND	0	0	93,703	0
NEUSTAR INC. (CL A)	Common	64126X201	1,893	79	SH		DFND	0	0	79	0
NEWMONT MINING CORP COM	Common	651639106	676,010	37,577	SH		DFND	0	0	37,577	0
NEWPARK RESOURCES INC.	Common	651718504	1,034	196	SH		DFND	0	0	196	0
NEXTERA ENERGY INC COM	Common	65339F101	10,306,407	99,205	SH		DFND	0	0	99,205	0
NIKE INC CL B	Common	654106103	18,715,000	299,440	SH		DFND	0	0	299,440	0
NORFOLK SOUTHERN CORP COM	Common	655844108	5,694,091	67,314	SH		DFND	0	0	67,314	0
NORTHROP GRUMMAN CORP COM	Common	666807102	7,603,756	40,272	SH		DFND	0	0	40,272	0
NORTHWEST NATURAL GAS CO.	Common	667655104	1,062	21	SH		DFND	0	0	21	0
NRG ENERGY INC COM NEW	Common	629377508	236,000	20,051	SH		DFND	0	0	20,051	0
NVIDIA CORP COM	Common	67066G104	4,112,254	124,765	SH		DFND	0	0	124,765	0
NVR INC.	Common	62944T105	1,643	1	SH		DFND	0	0	1	0
OCCIDENTAL PETE CORP DEL COM	Common	674599105	11,467,196	169,608	SH		DFND	0	0	169,608	0
OCEANEERING INTERNATIONAL INC.	Common	675232102	20,044,684	534,240	SH		DFND	0	0	534,240	0
OLD DOMINION FREIGHT LINE INC.	Common	679580100	1,476	25	SH		DFND	0	0	25	0
OMNICOM GROUP INC COM	Common	681919106	89,884	1,188	SH		DFND	0	0	1,188	0
ONE Gas Inc	Common	68235P108	953	19	SH		DFND	0	0	19	0
ORACLE CORP COM	Common	68389X105	25,557,118	699,620	SH		DFND	0	0	699,620	0
OUTERWALL INC	Common	690070107	950	26	SH		DFND	0	0	26	0
PACKAGING CORP OF AMERICA	Common	695156109	1,261	20	SH		DFND	0	0	20	0
PAREXEL INTERNATIONAL CORP	Common	699462107	4,564	67	SH		DFND	0	0	67	0
PARKWAY PPTYS INC COM	Common	70159Q104	1,609	103	SH		DFND	0	0	103	0
PAYCHEX INC COM	Common	704326107	130,373	2,465	SH		DFND	0	0	2,465	0
Paypal Holdings Inc.	Common	70450Y103	9,710,360	268,242	SH		DFND	0	0	268,242	0
PDL BIOPHARMA INC.	Common	69329Y104	1,854	524	SH		DFND	0	0	524	0
PENN NATIONAL GAMING INC	Common	707569109	640	40	SH		DFND	0	0	40	0
PENTAIR INC	Common	G7S00T104	1,502,145	30,328	SH		DFND	0	0	30,328	0
PEPSICO INC COM	Common	713448108	72,927,111	729,855	SH		DFND	0	0	729,855	0
PERKINELMER INC COM	Common	714046109	2,000,196	37,338	SH		DFND	0	0	37,338	0
PFIZER INC COM	Common	717081103	53,140,562	1,646,238	SH		DFND	0	0	1,646,238	0
PG&E CORP COM	Common	69331C108	5,637,235	105,983	SH		DFND	0	0	105,983	0
PHIBRO ANIMAL HEALTH CORP	Common	71742Q106	1,777	59	SH		DFND	0	0	59	0
PHILIP MORRIS INTL INC COM	Common	718172109	30,071,022	342,066	SH		DFND	0	0	342,066	0
PHILLIPS 66	Common	718546104	9,783,034	119,597	SH		DFND	0	0	119,597	0
PLANTRONICS INC.	Common	727493108	2,465	52	SH		DFND	0	0	52	0
PNC FINL SVCS GROUP INC COM	Common	693475105	10,899,842	114,362	SH		DFND	0	0	114,362	0
PNM RESOURCES INC.	Common	69349H107	2,231	73	SH		DFND	0	0	73	0
POLYCOM INC COM	Common	73172K104	1,951	155	SH		DFND	0	0	155	0
PPG INDS INC COM	Common	693506107	5,931,868	60,027	SH		DFND	0	0	60,027	0
PRAXAIR INC COM	Common	74005P104	6,518,988	63,662	SH		DFND	0	0	63,662	0
PRECISION CASTPARTS CORP	Common	740189105	7,081,409	30,522	SH		DFND	0	0	30,522	0
PRICE T ROWE GROUP INC COM	Common	74144T108	89,862	1,257	SH		DFND	0	0	1,257	0
PRICELINE COM INC COM NEW	Common	741503403	14,593,077	11,446	SH		DFND	0	0	11,446	0
PROCTER & GAMBLE CO COM	Common	742718109	50,242,627	632,699	SH		DFND	0	0	632,699	0
PROGRESS SOFTWARE CORP.	Common	743312100	2,352	98	SH		DFND	0	0	98	0
PRUDENTIAL FINL INC COM	Common	744320102	13,318,350	163,596	SH		DFND	0	0	163,596	0
PUBLIC STORAGE COM	Common	74460D109	31,580,759	127,496	SH		DFND	0	0	127,496	0
PUBLIC SVC ENTERPRISE GROUP COM	Common	744573106	1,878,825	48,561	SH		DFND	0	0	48,561	0
QUALCOMM INC COM	Common	747525103	16,589,871	331,897	SH		DFND	0	0	331,897	0
QUEST DIAGNOSTICS INC COM	Common	74834L100	3,991,096	56,102	SH		DFND	0	0	56,102	0
QUINTILES TRANSNATIONL COM	Common	74876Y101	1,098	16	SH		DFND	0	0	16	0
RAYTHEON CO COM NEW	Common	755111507	13,672,024	109,789	SH		DFND	0	0	109,789	0
REGENERON PHARMACEUTICALS INC.	Common	75886F107	9,403,594	17,322	SH		DFND	0	0	17,322	0
REGIONS FINANCIAL CORP	Common	7591EP100	1,680,720	175,075	SH		DFND	0	0	175,075	0
REGIS CORP MINN COM	Common	758932107	2,561	181	SH		DFND	0	0	181	0
RESOURCES CONNECTION INC.	Common	76122Q105	2,532	155	SH		DFND	0	0	155	0
REXNORD CORP NEW COM	Common	76169B102	1,250	69	SH		DFND	0	0	69	0
REYNOLDS AMERICAN INC COM	Common	761713106	8,414,344	182,326	SH		DFND	0	0	182,326	0
ROBERT HALF INTL INC COM	Common	770323103	1,688,837	35,826	SH		DFND	0	0	35,826	0
ROCKWELL AUTOMATION INC	Common	773903109	71,724	699	SH		DFND	0	0	699	0
ROSS STORES INC COM	Common	778296103	4,353,928	80,913	SH		DFND	0	0	80,913	0
RYDER SYS INC COM	Common	783549108	1,250	22	SH		DFND	0	0	22	0
SALESFORCE COM INC COM	Common	79466L302	11,356,318	144,851	SH		DFND	0	0	144,851	0
SANMINA CORPORATION COM	Common	801056102	2,325	113	SH		DFND	0	0	113	0
SCANA CORP NEW COM	Common	80589M102	376,913	6,231	SH		DFND	0	0	6,231	0
SCHLUMBERGER LTD COM	Common	806857108	19,633,230	281,480	SH		DFND	0	0	281,480	0
SCHWAB CHARLES CP NEW COM	Common	808513105	8,330,466	252,975	SH		DFND	0	0	252,975	0
SILICON LABORATORIES INC.	Common	826919102	1,504	31	SH		DFND	0	0	31	0
SIMON PPTY GROUP INC NEW COM	Common	828806109	43,533,949	223,894	SH		DFND	0	0	223,894	0
SKECHERS U S A INC CL A	Common	830566105	996	33	SH		DFND	0	0	33	0
SKYWEST INC.	Common	830879102	1,978	104	SH		DFND	0	0	104	0
SLM CORP COM(NEW)	Common	78442P106	1,010	155	SH		DFND	0	0	155	0
SNAP ON INC COM	Common	833034101	3,670,144	21,409	SH		DFND	0	0	21,409	0
SONIC CORP	Common	835451105	1,260	39	SH		DFND	0	0	39	0
SOUTHERN CO COM	Common	842587107	11,440,108	244,499	SH		DFND	0	0	244,499	0
SOUTHERN COPPER CORP COM	Common	84265V105	658,302	25,203	SH		DFND	0	0	25,203	0
SOUTHWEST AIRLS CO COM	Common	844741108	4,640,619	107,771	SH		DFND	0	0	107,771	0
SOUTHWESTERN ENERGY CO COM	Common	845467109	570,527	80,243	SH		DFND	0	0	80,243	0
SPECTRA ENERGY CORP COM	Common	847560109	3,548,745	148,235	SH		DFND	0	0	148,235	0
Spirit Realty Capital Inc	Common	84860W102	2,134	213	SH		DFND	0	0	213	0
STARBUCKS CORP COM	Common	855244109	50,335,935	838,513	SH		DFND	0	0	838,513	0
STATE STR CORP COM	Common	857477103	6,032,323	90,903	SH		DFND	0	0	90,903	0
STRYKER CORP COM	Common	863667101	6,931,651	74,582	SH		DFND	0	0	74,582	0
SUNSTONE HOTEL INVS INC NEW COM	Common	867892101	1,487	119	SH		DFND	0	0	119	0
SUNTRUST BKS INC COM	Common	867914103	2,032,672	47,448	SH		DFND	0	0	47,448	0
SUPERIOR INDUSTRIES INTERNATIONAL INC.	Common	868168105	2,302	125	SH		DFND	0	0	125	0
SUPERVALU INC COM	Common	868536103	3,539	522	SH		DFND	0	0	522	0
SYNCHRONY FINANCIAL	Common	87165B103	4,905,437	161,310	SH		DFND	0	0	161,310	0
SYNNEX CORP	Common	87162W100	2,787	31	SH		DFND	0	0	31	0
SYSCO CORP COM	Common	871829107	1,945,901	47,461	SH		DFND	0	0	47,461	0
T-Mobile US Inc	Common	872590104	2,371,141	60,612	SH		DFND	0	0	60,612	0
TARGET CORP COM	Common	87612E106	45,073,601	620,763	SH		DFND	0	0	620,763	0
TESLA MOTORS INC	Common	88160R101	5,168,135	21,533	SH		DFND	0	0	21,533	0
TESORO CORP COM	Common	881609101	3,813,340	36,190	SH		DFND	0	0	36,190	0
TEXAS INSTRS INC COM	Common	882508104	38,623,620	704,682	SH		DFND	0	0	704,682	0
TEXAS ROADHOUSE INC	Common	882681109	2,754	77	SH		DFND	0	0	77	0
THE CHEMOURS COMPANY	Common	163851108	214,271	39,976	SH		DFND	0	0	39,976	0
THERMO FISHER SCIENTIFIC INC COM	Common	883556102	12,467,905	87,895	SH		DFND	0	0	87,895	0
THOMSON REUTERS CORP COM	Common	884903105	2,755,063	72,789	SH		DFND	0	0	72,789	0
TIME WARNER CABLE INC COM	Common	88732J207	11,584,527	62,420	SH		DFND	0	0	62,420	0
TIME WARNER INC COM NEW	Common	887317303	11,775,113	182,080	SH		DFND	0	0	182,080	0
TJX COS INC NEW COM	Common	872540109	10,653,163	150,235	SH		DFND	0	0	150,235	0
TOMPKINTRUSTCO INC	Common	890110109	1,235	22	SH		DFND	0	0	22	0
TOTAL SYS SVCS INC COM	Common	891906109	2,041	41	SH		DFND	0	0	41	0
TRAVELERS COMPANIES INC COM	Common	89417E109	7,942,183	70,372	SH		DFND	0	0	70,372	0
TRIPLE-S MANAGEMENT CORP. (CL B)	Common	896749108	2,701	113	SH		DFND	0	0	113	0
TRUSTCO BK CORP N Y COM	Common	898349105	2,050	334	SH		DFND	0	0	334	0
UBIQUITI NETWORKS INC	Common	90347A100	1,616	51	SH		DFND	0	0	51	0
UNION PAC CORP COM	Common	907818108	35,172,874	449,781	SH		DFND	0	0	449,781	0
UNITED COMMUNITY BANKS INC.	Common	90984P303	2,494	128	SH		DFND	0	0	128	0
UNITED PARCEL SERVICE INC CL B	Common	911312106	14,906,893	154,909	SH		DFND	0	0	154,909	0
UNITED TECHNOLOGIES CORP COM	Common	913017109	18,977,379	197,537	SH		DFND	0	0	197,537	0
UNITEDHEALTH GROUP INC COM	Common	91324P102	28,455,821	241,889	SH		DFND	0	0	241,889	0
UNUM GROUP COM	Common	91529Y106	1,741,366	52,309	SH		DFND	0	0	52,309	0
US BANCORP DEL COM NEW	Common	902973304	15,783,675	369,901	SH		DFND	0	0	369,901	0
V F CORP COM	Common	918204108	4,645,779	74,631	SH		DFND	0	0	74,631	0
VALERO ENERGY CORP NEW COM	Common	91913Y100	21,345,651	301,876	SH		DFND	0	0	301,876	0
VECTREN CORP.	Common	92240G101	1,824	43	SH		DFND	0	0	43	0
VERIZON COMMUNICATIONS INC COM	Common	92343V104	88,537,645	1,915,570	SH		DFND	0	0	1,915,570	0
VERSIGN INC	Common	92343E102	2,217,720	25,386	SH		DFND	0	0	25,386	0
VERTEX PHARMACEUTICALS INC.	Common	92532F100	6,772,548	53,823	SH		DFND	0	0	53,823	0
VIACOM INC CLASS A	Common	92553P102	100,253	2,279	SH		DFND	0	0	2,279	0
VIACOM INC CLASS B	Common	92553P201	3,150,015	76,531	SH		DFND	0	0	76,531	0
VISA INC COM CL A	Common	92826C839	73,014,488	941,515	SH		DFND	0	0	941,515	0
VISTEON CORP COM	Common	92839U206	2,061	18	SH		DFND	0	0	18	0
VMWARE INC CL A COM	Common	928563402	1,023,407	18,091	SH		DFND	0	0	18,091	0
WABASH NATL CORP COM	Common	929566107	2,247	190	SH		DFND	0	0	190	0
WAL MART STORES INC COM	Common	931142103	25,321,558	413,076	SH		DFND	0	0	413,076	0
WALGREENS BOOTS ALLIANCE	Common	931427108	16,165,058	189,831	SH		DFND	0	0	189,831	0
WASTE MGMT INC DEL COM	Common	94106L109	5,395,226	101,091	SH		DFND	0	0	101,091	0
WELLS FARGO & CO NEW COM	Common	949746101	97,757,273	1,798,331	SH		DFND	0	0	1,798,331	0
WEST CORP COM	Common	952355204	2,458	114	SH		DFND	0	0	114	0
WESTERN ASSET MTG CAP CORP COM	Common	95790D105	1,921	188	SH		DFND	0	0	188	0
WESTERN DIGITAL CORP COM	Common	958102105	15,560,756	259,130	SH		DFND	0	0	259,130	0
WESTERN REFNG INC COM	Common	959319104	2,635	74	SH		DFND	0	0	74	0
WESTERN UN CO COM	Common	959802109	3,403,902	190,056	SH		DFND	0	0	190,056	0
WESTROCK COMPANY	Common	96145D105	1,000,127	21,923	SH		DFND	0	0	21,923	0
WILLIAMS COS INC DEL COM	Common	969457100	4,250,214	165,378	SH		DFND	0	0	165,378	0
WORTHINGTON INDS INC COM	Common	981811102	4,701	156	SH		DFND	0	0	156	0
WYNDHAM WORLDWIDE CORP COM	Common	98310W108	1,206,643	16,609	SH		DFND	0	0	16,609	0
YAHOO INC COM	Common	984332106	6,892,037	207,217	SH		DFND	0	0	207,217	0
YUM! BRANDS	Common	988498101	6,974,667	95,478	SH		DFND	0	0	95,478	0
ISHARES 1-3 YEAR CREDIT BOND ETF	Common	464288646	267,776	2,560	SH		DFND	0	0	2,560	0
ISHARES FLOATING	Common	46429B655	186,678	3,701	SH		DFND	0	0	3,701	0
ISHARES INTERM CR BD ETF	Common	464288638	17,808	166	SH		DFND	0	0	166	0
ISHARES INTERMEDIATE	Common	464288612	61,162	558	SH		DFND	0	0	558	0