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
AFLAC INC COM	COM	001055102	6,253,259	99,038	SH		DFND	0	0	99,038	0
AMC Networks Inc	COM	00164V103	17,803,691	274,156	SH		DFND	0	0	274,156	0
AT&T INC COM	COM	00206R102	59,069,300	1,508,024	SH		DFND	0	0	1,508,024	0
ABBOTT LABS COM	COM	002824100	13,965,447	333,862	SH		DFND	0	0	333,862	0
ABBVIE INC	COM	00287Y109	21,203,230	371,205	SH		DFND	0	0	371,205	0
ABERCROMBIE & FITCH CO CL A	COM	002896207	4,983	158	SH		DFND	0	0	158	0
ADOBE SYS INC COM	COM	00724F101	10,523,234	112,188	SH		DFND	0	0	112,188	0
AETNA INC NEW COM	COM	00817Y108	13,429,083	119,529	SH		DFND	0	0	119,529	0
AFFILIATED MANAGER GROUP INC	COM	008252108	205,436	1,265	SH		DFND	0	0	1,265	0
AIR PRODS & CHEMS INC COM	COM	009158106	7,005,152	48,630	SH		DFND	0	0	48,630	0
AKORN INC.	COM	009728106	988	42	SH		DFND	0	0	42	0
ALCOA INC COM	COM	013817101	28,991,245	3,026,226	SH		DFND	0	0	3,026,226	0
ALEXANDER & BALDWIN INC.	COM	014491104	4,585	125	SH		DFND	0	0	125	0
ALEXION PHARMACEUTICALS INC	COM	015351109	6,736,577	48,388	SH		DFND	0	0	48,388	0
ALLISON TRANSMISSION HOLDINGS	COM	01973R101	1,754	65	SH		DFND	0	0	65	0
ALLSTATE CORP COM	COM	020002101	5,851,421	86,855	SH		DFND	0	0	86,855	0
ALPHABET INC. CLASS C	COM	02079K107	49,142,117	65,967	SH		DFND	0	0	65,967	0
ALPHABET INC - CLASS A	COM	02079K305	91,701,343	120,201	SH		DFND	0	0	120,201	0
ALTRIA GROUP INC COM	COM	02209S103	34,727,112	554,215	SH		DFND	0	0	554,215	0
AMAZON COM INC COM	COM	023135106	78,461,992	132,171	SH		DFND	0	0	132,171	0
AMERICAN AIRLINES GROUP	COM	02376R102	5,796,887	141,353	SH		DFND	0	0	141,353	0
AMERICAN ELECTRIC POWER CO INC	COM	025537101	7,295,501	109,872	SH		DFND	0	0	109,872	0
AMERICAN EAGLE OUTFITTERS INC.	COM	02553E106	5,001	300	SH		DFND	0	0	300	0
AMERICAN EQTY INVT LIFE HLD CO	COM	025676206	2,369	141	SH		DFND	0	0	141	0
AMERICAN EXPRESS CO COM	COM	025816109	12,800,119	208,471	SH		DFND	0	0	208,471	0
AMERICAN INTL GROUP INC COM NE	COM	026874784	40,279,411	745,225	SH		DFND	0	0	745,225	0
AMERICAN TOWER CORP CL A	COM	03027X100	9,712,866	94,880	SH		DFND	0	0	94,880	0
AMERIPRISE FINL INC COM	COM	03076C106	76,430	813	SH		DFND	0	0	813	0
AMGEN INC COM	COM	031162100	31,567,762	210,550	SH		DFND	0	0	210,550	0
AMKOR TECHNOLOGY INC.	COM	031652100	2,539	431	SH		DFND	0	0	431	0
AMSURG CORP.	COM	03232P405	2,835	38	SH		DFND	0	0	38	0
ANADARKO PETE CORP COM	COM	032511107	5,304,649	113,907	SH		DFND	0	0	113,907	0
ANTHEM INC	COM	036752103	13,095,360	94,218	SH		DFND	0	0	94,218	0
APACHE CORP COM	COM	037411105	4,127,666	84,566	SH		DFND	0	0	84,566	0
Apollo Residential Mortgage	COM	03763V102	3,060	228	SH		DFND	0	0	228	0
APPLE INC COM	COM	037833100	197,780,338	1,814,665	SH		DFND	0	0	1,814,665	0
ARCHER DANIELS MIDLAND CO COM	COM	039483102	8,590,510	236,588	SH		DFND	0	0	236,588	0
ASCENA RETAIL GROUP INC COM	COM	04351G101	122	11	SH		DFND	0	0	11	0
ASHFORD HOSPITALITY TRUST	COM	044103109	510	80	SH		DFND	0	0	80	0
ASPEN TECHNOLOGY INC	COM	045327103	1,626	45	SH		DFND	0	0	45	0
AUTOMATIC DATA PROCESS COM	COM	053015103	9,567,302	106,647	SH		DFND	0	0	106,647	0
AVALONBAY CMNTYS INC COM	COM	053484101	1,264,259	6,647	SH		DFND	0	0	6,647	0
BB&T CORP	COM	054937107	5,788,015	173,971	SH		DFND	0	0	173,971	0
BOFI HLDG INC COM	COM	05566U108	3,713	174	SH		DFND	0	0	174	0
BAKER HUGHES INC COM	COM	057224107	4,272,461	97,478	SH		DFND	0	0	97,478	0
BANC OF CALIFORNIA	COM	05990K106	3,798	217	SH		DFND	0	0	217	0
BANK OF AMERICA CORPORATION CO	COM	060505104	35,542,863	2,628,910	SH		DFND	0	0	2,628,910	0
BANK OF NEW YORK MELLON CORP C	COM	064058100	11,434,205	310,459	SH		DFND	0	0	310,459	0
BAXALTA INC	COM	07177M103	4,930,820	122,050	SH		DFND	0	0	122,050	0
BAXTER INTL INC COM	COM	071813109	5,013,896	122,052	SH		DFND	0	0	122,052	0
BECTON DICKINSON & CO COM	COM	075887109	7,128,860	46,956	SH		DFND	0	0	46,956	0
BERKSHIRE HATHAWAY INC DEL CL	COM	084670702	59,175,594	417,082	SH		DFND	0	0	417,082	0
BEST BUY INC COM	COM	086516101	3,182,007	98,089	SH		DFND	0	0	98,089	0
BIO-RAD LABORATORIES INC. (CL	COM	090572207	684	5	SH		DFND	0	0	5	0
BIOGEN INC	COM	09062X103	34,293,776	131,737	SH		DFND	0	0	131,737	0
BLACK HILLS CORP COM	COM	092113109	3,728	62	SH		DFND	0	0	62	0
BLACKROCK INC.	COM	09247X101	9,581,937	28,135	SH		DFND	0	0	28,135	0
BOEING CO COM	COM	097023105	22,529,565	177,482	SH		DFND	0	0	177,482	0
BRISTOL MYERS SQUIBB CO COM	COM	110122108	61,268,522	959,119	SH		DFND	0	0	959,119	0
BROCADE COMMUNICATION SYSTEMS	COM	111621306	2,158	204	SH		DFND	0	0	204	0
BROOKLINE BANCORP INC.	COM	11373M107	3,237	294	SH		DFND	0	0	294	0
BRUKER CORP COM	COM	116794108	1,540	55	SH		DFND	0	0	55	0
BURLINGTON NORTH SF 2004-1	COM	12200BAA6	6,439	6,024	SH		DFND	0	0	6,024	0
CBS CORP NEW CL B	COM	124857202	5,677,245	103,054	SH		DFND	0	0	103,054	0
CBRE Group Inc	COM	12504L109	4,003,501	138,914	SH		DFND	0	0	138,914	0
CDW CORPORATION	COM	12514G108	913	22	SH		DFND	0	0	22	0
CF INDS HLDGS INC COM	COM	125269100	647,390	20,657	SH		DFND	0	0	20,657	0
CIGNA CORP COM	COM	125509109	7,920,944	57,716	SH		DFND	0	0	57,716	0
CME GROUP INC COM	COM	12572Q105	6,905,131	71,891	SH		DFND	0	0	71,891	0
CSX CORP COM	COM	126408103	5,705,170	221,560	SH		DFND	0	0	221,560	0
CVS HEALTH CORPORATION	COM	126650100	63,420,833	611,403	SH		DFND	0	0	611,403	0
CA INC COM	COM	12673P105	4,385,173	142,422	SH		DFND	0	0	142,422	0
CADENCE DESIGN SYSTEMS INC.	COM	127387108	424	18	SH		DFND	0	0	18	0
CALERES INC	COM	129500104	1,697	60	SH		DFND	0	0	60	0
CALIFORNIA RESOURCES CORP	COM	13057Q107	1	1	SH		DFND	0	0	1	0
CAMPBELL SOUP COMPANY	COM	134429109	18,889,176	296,115	SH		DFND	0	0	296,115	0
CAPITAL ONE FINL CORP COM	COM	14040H105	8,067,961	116,404	SH		DFND	0	0	116,404	0
CARDINAL HEALTH INC COM	COM	14149Y108	6,079,952	74,191	SH		DFND	0	0	74,191	0
CARNIVAL CORP PAIRED CTF	COM	143658300	9,746,566	184,699	SH		DFND	0	0	184,699	0
CATERPILLAR INC DEL COM	COM	149123101	10,361,220	135,370	SH		DFND	0	0	135,370	0
CATCHMARK TIMBER TR INC CL A	COM	14912Y202	2,090	193	SH		DFND	0	0	193	0
CELGENE CORP COM	COM	151020104	17,802,708	177,867	SH		DFND	0	0	177,867	0
CENTENE CORP	COM	15135B101	493	8	SH		DFND	0	0	8	0
CHARLES RIVER LABORATORIES INT	COM	159864107	2,050	27	SH		DFND	0	0	27	0
THE CHEMOURS COMPANY	COM	163851108	284,172	40,596	SH		DFND	0	0	40,596	0
CHESAPEAKE UTILITIES CORP.	COM	165303108	1,196	19	SH		DFND	0	0	19	0
CHEVRON CORP NEW COM	COM	166764100	43,706,365	458,138	SH		DFND	0	0	458,138	0
CISCO SYS INC COM	COM	17275R102	39,659,166	1,393,016	SH		DFND	0	0	1,393,016	0
CITIGROUP INC COM	COM	172967424	62,523,715	1,497,574	SH		DFND	0	0	1,497,574	0
COACH INC COM	COM	189754104	2,015,004	50,262	SH		DFND	0	0	50,262	0
COCA COLA CO COM	COM	191216100	40,916,073	882,002	SH		DFND	0	0	882,002	0
COGNIZANT TECHNOLOGY SOLUTIONS	COM	192446102	32,193,190	513,448	SH		DFND	0	0	513,448	0
COLGATE PALMOLIVE CO COM	COM	194162103	14,331,706	202,855	SH		DFND	0	0	202,855	0
COMCAST CORP CLASS A	COM	20030N101	41,662,668	682,100	SH		DFND	0	0	682,100	0
CONOCOPHILLIPS COM	COM	20825C104	11,134,454	276,495	SH		DFND	0	0	276,495	0
CONSOLIDATED EDISON COM	COM	209115104	1,082,641	14,130	SH		DFND	0	0	14,130	0
COOPER TIRE & RUBR CO COM	COM	216831107	3,998	108	SH		DFND	0	0	108	0
CORNING INC COM	COM	219350105	5,213,308	249,560	SH		DFND	0	0	249,560	0
COSTCO WHSL CORP NEW COM	COM	22160K105	15,547,788	98,666	SH		DFND	0	0	98,666	0
COUSINS PROPERTIES INC.	COM	222795106	1,640	158	SH		DFND	0	0	158	0
CREDIT ACCEPTANCE CORP.	COM	225310101	1,634	9	SH		DFND	0	0	9	0
CUMMINS INC COM	COM	231021106	4,199,818	38,201	SH		DFND	0	0	38,201	0
DST SYS INC DEL COM	COM	233326107	1,466	13	SH		DFND	0	0	13	0
DANAHER CORP DEL COM	COM	235851102	38,472,845	405,575	SH		DFND	0	0	405,575	0
DARDEN RESTAURANTS INC COM	COM	237194105	3,845,069	57,995	SH		DFND	0	0	57,995	0
DEERE & CO COM	COM	244199105	5,459,746	70,915	SH		DFND	0	0	70,915	0
DELTA AIR LINES DEL COM	COM	247361702	38,349,130	787,780	SH		DFND	0	0	787,780	0
DELUXE CORP COM	COM	248019101	4,937	79	SH		DFND	0	0	79	0
DEVON ENERGY CORP NEW COM	COM	25179M103	2,953,504	107,635	SH		DFND	0	0	107,635	0
DIAMOND OFFSHORE DRILLING INC	COM	25271C102	308,153	14,181	SH		DFND	0	0	14,181	0
DISNEY WALT CO COM DISNEY	COM	254687106	37,788,249	380,508	SH		DFND	0	0	380,508	0
DISCOVER FINL SVCS COM	COM	254709108	6,563,894	128,906	SH		DFND	0	0	128,906	0
DISH NETWORK CORP CL A	COM	25470M109	2,257,673	48,804	SH		DFND	0	0	48,804	0
DOMINION RESOURCES INC	COM	25746U109	9,997,646	133,089	SH		DFND	0	0	133,089	0
DOMTAR CORP COM NEW	COM	257559203	2,228	55	SH		DFND	0	0	55	0
DOVER CORP COM	COM	260003108	98,296	1,528	SH		DFND	0	0	1,528	0
DOW CHEM CO COM	COM	260543103	18,232,751	358,489	SH		DFND	0	0	358,489	0
DR PEPPER SNAPPLE GROUP INC CO	COM	26138E109	3,254,351	36,394	SH		DFND	0	0	36,394	0
DU PONT E I DE NEMOURS & CO CO	COM	263534109	12,934,630	204,274	SH		DFND	0	0	204,274	0
DUKE ENERGY CORP NEW COM NEW	COM	26441C204	12,511,935	155,081	SH		DFND	0	0	155,081	0
Dunkin' Brands Group Inc.	COM	265504100	1,792	38	SH		DFND	0	0	38	0
DYNEGY INC NEW CL A	COM	26817R108	3,032	211	SH		DFND	0	0	211	0
E M C CORP MASS COM	COM	268648102	11,606,528	435,517	SH		DFND	0	0	435,517	0
EOG RES INC COM	COM	26875P101	39,050,000	538,027	SH		DFND	0	0	538,027	0
EASTMAN CHEM CO COM	COM	277432100	20,101,176	278,294	SH		DFND	0	0	278,294	0
EBAY INC COM	COM	278642103	6,500,180	272,430	SH		DFND	0	0	272,430	0
EBIX INC.	COM	278715206	1,020	25	SH		DFND	0	0	25	0
ECOLAB INC	COM	278865100	6,602,653	59,206	SH		DFND	0	0	59,206	0
ELECTRONIC ARTS INC COM	COM	285512109	2,665,754	40,323	SH		DFND	0	0	40,323	0
EMERSON ELEC CO COM	COM	291011104	8,236,993	151,471	SH		DFND	0	0	151,471	0
EPLUS INC.	COM	294268107	1,288	16	SH		DFND	0	0	16	0
EQUITY RESIDENTIAL SH BEN INT	COM	29476L107	6,124,399	81,626	SH		DFND	0	0	81,626	0
EXELON CORP COM	COM	30161N101	12,461,242	347,497	SH		DFND	0	0	347,497	0
EXPEDITORS INTERNATIONAL	COM	302130109	3,962,054	81,173	SH		DFND	0	0	81,173	0
EXPRESS INC COM	COM	30219E103	728	34	SH		DFND	0	0	34	0
EXPRESS SCRIPTS INC COM	COM	30219G108	9,747,729	141,909	SH		DFND	0	0	141,909	0
EXXON MOBIL CORP COM	COM	30231G102	84,875,280	1,015,376	SH		DFND	0	0	1,015,376	0
FMC TECHNOLOGIES INC	COM	30249U101	1,772,736	64,793	SH		DFND	0	0	64,793	0
FACEBOOK INC	COM	30303M102	83,864,071	735,005	SH		DFND	0	0	735,005	0
FEDERAL SIGNAL CORP.	COM	313855108	2,161	163	SH		DFND	0	0	163	0
FEDERATED NATL HLDG CO COM	COM	31422T101	1,750	89	SH		DFND	0	0	89	0
FEDEX CORP COM	COM	31428X106	9,794,930	60,195	SH		DFND	0	0	60,195	0
FIRST BANCORP	COM	318672706	1,294	443	SH		DFND	0	0	443	0
FIRST COMMONWEALTH FINANCIAL C	COM	319829107	2,428	274	SH		DFND	0	0	274	0
FIRST FINANCIAL CORP. (INDIANA	COM	320218100	2,497	73	SH		DFND	0	0	73	0
FIRST NIAGARA FINCL GROUP INC	COM	33582V108	862	89	SH		DFND	0	0	89	0
FOOT LOCKER INC COM	COM	344849104	1,871	29	SH		DFND	0	0	29	0
FORD MTR CO DEL COM PAR $0.01	COM	345370860	11,820,641	875,603	SH		DFND	0	0	875,603	0
FRANKLIN RES INC COM	COM	354613101	3,715,998	95,160	SH		DFND	0	0	95,160	0
GENERAL DYNAMICS CORP COM	COM	369550108	8,130,095	61,887	SH		DFND	0	0	61,887	0
GENERAL ELECTRIC CO COM	COM	369604103	69,765,476	2,194,573	SH		DFND	0	0	2,194,573	0
GENERAL GROWTH PPTYS INC NEW C	COM	370023103	3,272,262	110,066	SH		DFND	0	0	110,066	0
GENERAL MLS INC COM	COM	370334104	8,468,375	133,676	SH		DFND	0	0	133,676	0
GENERAL MTRS CORP COM	COM	37045V100	11,328,158	360,425	SH		DFND	0	0	360,425	0
GILEAD SCIENCES INC COM	COM	375558103	60,488,065	658,481	SH		DFND	0	0	658,481	0
GLOBAL PAYMENTS INC.	COM	37940X102	2,220	34	SH		DFND	0	0	34	0
Global Brass and Copper Holdin	COM	37953G103	823	33	SH		DFND	0	0	33	0
GOLDMAN SACHS GROUP INC COM	COM	38141G104	15,208,536	96,882	SH		DFND	0	0	96,882	0
GRAND CANYON EDUCATION INC.	COM	38526M106	4,488	105	SH		DFND	0	0	105	0
GREENBRIER COMPANY	COM	393657101	1,990	72	SH		DFND	0	0	72	0
GROUPON INC	COM	399473107	215	54	SH		DFND	0	0	54	0
HCA HOLDINGS INC	COM	40412C101	38,470,923	492,901	SH		DFND	0	0	492,901	0
HFF INC CL A	COM	40418F108	964	35	SH		DFND	0	0	35	0
HP INC	COM	40434L105	4,845,813	393,329	SH		DFND	0	0	393,329	0
HALLIBURTON CO COM	COM	406216101	9,194,578	257,407	SH		DFND	0	0	257,407	0
HEALTHSOUTH CORP.	COM	421924309	1,656	44	SH		DFND	0	0	44	0
HEARTLAND PAYMENT SYSTEMS INC.	COM	42235N108	4,056	42	SH		DFND	0	0	42	0
HEWLETT PACKARD ENTERPRISE	COM	42824C109	6,825,199	384,952	SH		DFND	0	0	384,952	0
HOME DEPOT INC COM	COM	437076102	73,421,859	550,265	SH		DFND	0	0	550,265	0
HONEYWELL INTL INC COM	COM	438516106	19,782,652	176,552	SH		DFND	0	0	176,552	0
HOST HOTEL & RESORT INC	COM	44107P104	2,691,790	161,185	SH		DFND	0	0	161,185	0
HUMANA INC COM	COM	444859102	6,145,108	33,589	SH		DFND	0	0	33,589	0
HUNTINGTON BANCSHARES INC	COM	446150104	3,209,695	336,446	SH		DFND	0	0	336,446	0
ILLINOIS TOOL WKS INC COM	COM	452308109	7,015,808	68,487	SH		DFND	0	0	68,487	0
ILLUMINA INC COM	COM	452327109	5,238,585	32,315	SH		DFND	0	0	32,315	0
IMPAX LABORATORIES INC	COM	45256B101	1,345	42	SH		DFND	0	0	42	0
INSIGHT ENTERPRISES INC	COM	45765U103	2,520	88	SH		DFND	0	0	88	0
INOVIO PHARMACEUTICALS INC COM	COM	45773H201	1,402	161	SH		DFND	0	0	161	0
INTEL CORP COM	COM	458140100	42,267,475	1,306,568	SH		DFND	0	0	1,306,568	0
Insys Therapeutics, Inc.	COM	45824V209	959	60	SH		DFND	0	0	60	0
INTERNATIONAL BUSINESS MACHS C	COM	459200101	30,840,218	203,633	SH		DFND	0	0	203,633	0
INTL PAPER CO COM	COM	460146103	1,622,024	39,523	SH		DFND	0	0	39,523	0
INTERPUBLIC GROUP COS INC COM	COM	460690100	4,225,623	184,123	SH		DFND	0	0	184,123	0
INVESCO MORTGAGE CAPITAL INC.	COM	46131B100	1,218	100	SH		DFND	0	0	100	0
IRON MOUNTAIN INC	COM	46284V101	1,729	51	SH		DFND	0	0	51	0
ISHARES INTERM CR BD ETF	COM	464288638	18,209	166	SH		DFND	0	0	166	0
ISHARES 1-3 YEAR CREDIT BOND E	COM	464288646	269,875	2,560	SH		DFND	0	0	2,560	0
ISHARES FLOATING	COM	46429B655	179,142	3,553	SH		DFND	0	0	3,553	0
JPMORGAN CHASE & CO COM	COM	46625H100	49,284,720	832,231	SH		DFND	0	0	832,231	0
JOHNSON & JOHNSON COM	COM	478160104	78,412,324	724,698	SH		DFND	0	0	724,698	0
JOHNSON CTLS INC COM	COM	478366107	5,722,706	146,849	SH		DFND	0	0	146,849	0
J2 GLOBAL COMMUNICATIONS	COM	48123V102	2,340	38	SH		DFND	0	0	38	0
JUNIPER NETWORKS INC COM	COM	48203R104	1,404,172	55,044	SH		DFND	0	0	55,044	0
KAMAN CORP.	COM	483548103	1,366	32	SH		DFND	0	0	32	0
KEYCORP NEW COM	COM	493267108	3,372,223	305,455	SH		DFND	0	0	305,455	0
KIMBERLY CLARK CORP COM	COM	494368103	10,982,876	81,651	SH		DFND	0	0	81,651	0
KIMCO RLTY CORP COM	COM	49446R109	2,285,420	79,410	SH		DFND	0	0	79,410	0
KINDER MORGAN INC	COM	49456B101	7,151,608	400,426	SH		DFND	0	0	400,426	0
KRAFT HEINZ COMPANY	COM	500754106	10,428,840	132,750	SH		DFND	0	0	132,750	0
KROGER CO COM	COM	501044101	12,917,867	337,722	SH		DFND	0	0	337,722	0
L-3 COMMUNICATIONS HLDGS INC C	COM	502424104	3,578,819	30,201	SH		DFND	0	0	30,201	0
LAM RESEARCH CORP COM	COM	512807108	2,954,932	35,774	SH		DFND	0	0	35,774	0
LANNETT CO. INC.	COM	516012101	1,255	70	SH		DFND	0	0	70	0
LAS VEGAS SANDS CORP.	COM	517834107	4,236,985	81,985	SH		DFND	0	0	81,985	0
LAUDER ESTEE COS INC CL A	COM	518439104	4,436,437	47,041	SH		DFND	0	0	47,041	0
LEGGETT & PLATT INC	COM	524660107	3,217,051	66,468	SH		DFND	0	0	66,468	0
LILLY ELI & CO COM	COM	532457108	16,911,981	234,856	SH		DFND	0	0	234,856	0
LITHIA MOTORS INC. (CL A)	COM	536797103	1,834	21	SH		DFND	0	0	21	0
LOCKHEED MARTIN CORP COM	COM	539830109	13,478,718	60,852	SH		DFND	0	0	60,852	0
LOWES COS INC COM	COM	548661107	16,166,944	213,425	SH		DFND	0	0	213,425	0
LUMINEX CORP.	COM	55027E102	2,619	135	SH		DFND	0	0	135	0
MBIA INC COM	COM	55262C100	407	46	SH		DFND	0	0	46	0
MGIC INVT CORP WIS COM	COM	552848103	330	43	SH		DFND	0	0	43	0
MSCI INC CL A	COM	55354G100	2,222	30	SH		DFND	0	0	30	0
MACK-CALI REALTY CORP.	COM	554489104	776	33	SH		DFND	0	0	33	0
MANHATTAN ASSOCIATES INC.	COM	562750109	2,957	52	SH		DFND	0	0	52	0
MARATHON OIL CORP COM	COM	565849106	1,571,921	141,106	SH		DFND	0	0	141,106	0
MARATHON PETROLEUM CORP	COM	56585A102	4,582,621	123,255	SH		DFND	0	0	123,255	0
MARSH & MCLENNAN COS COM	COM	571748102	7,450,179	122,556	SH		DFND	0	0	122,556	0
MARTEN TRANSPORT LIMITED	COM	573075108	2,246	120	SH		DFND	0	0	120	0
MASTERCARD INC CL A	COM	57636Q104	21,184,821	224,178	SH		DFND	0	0	224,178	0
MCDONALDS CORP COM	COM	580135101	59,324,479	472,028	SH		DFND	0	0	472,028	0
MCKESSON CORP COM	COM	58155Q103	8,165,521	51,927	SH		DFND	0	0	51,927	0
MENTOR GRAPHICS CORP COM	COM	587200106	2,663	131	SH		DFND	0	0	131	0
MERCK & CO INC NEW COM	COM	58933Y105	40,999,853	774,898	SH		DFND	0	0	774,898	0
METHODE ELECTRONICS INC.	COM	591520200	351	12	SH		DFND	0	0	12	0
METLIFE INC COM	COM	59156R108	13,390,847	304,753	SH		DFND	0	0	304,753	0
METTLER TOLEDO INTERNATIONAL C	COM	592688105	690	2	SH		DFND	0	0	2	0
MICROSOFT CORP COM	COM	594918104	159,551,351	2,888,853	SH		DFND	0	0	2,888,853	0
MICROCHIP TECHNOLOGY COM	COM	595017104	70,468	1,462	SH		DFND	0	0	1,462	0
MICRON TECHNOLOGY INC COM	COM	595112103	2,539,404	242,541	SH		DFND	0	0	242,541	0
MONDELEZ INTERNATIONAL INC	COM	609207105	14,634,813	364,776	SH		DFND	0	0	364,776	0
MONSANTO CO	COM	61166W101	8,654,323	98,636	SH		DFND	0	0	98,636	0
MONSTER BEVERAGE CORPORATION	COM	61174X109	12,569,464	94,238	SH		DFND	0	0	94,238	0
MORGAN STANLEY COM NEW	COM	617446448	8,597,813	343,775	SH		DFND	0	0	343,775	0
MOSAIC CO.	COM	61945C103	1,089,963	40,369	SH		DFND	0	0	40,369	0
MOTOROLA SOLUTIONS INC COM NEW	COM	620076307	4,753,430	62,793	SH		DFND	0	0	62,793	0
MURPHY OIL CORP COM	COM	626717102	10,697,866	424,687	SH		DFND	0	0	424,687	0
MYRIAD GENETICS INC	COM	62855J104	1,048	28	SH		DFND	0	0	28	0
NRG ENERGY INC COM NEW	COM	629377508	256,102	19,685	SH		DFND	0	0	19,685	0
NVR INC.	COM	62944T105	1,732	1	SH		DFND	0	0	1	0
NAVIGANT CONSULTING INC.	COM	63935N107	2,119	134	SH		DFND	0	0	134	0
NETFLIX COM INC COM	COM	64110L106	9,728,718	95,165	SH		DFND	0	0	95,165	0
NEUSTAR INC. (CL A)	COM	64126X201	1,943	79	SH		DFND	0	0	79	0
NEWMONT MINING CORP COM	COM	651639106	980,563	36,891	SH		DFND	0	0	36,891	0
NEWPARK RESOURCES INC.	COM	651718504	847	196	SH		DFND	0	0	196	0
NEXTERA ENERGY INC COM	COM	65339F101	11,920,980	100,735	SH		DFND	0	0	100,735	0
NIKE INC CL B	COM	654106103	18,693,888	304,114	SH		DFND	0	0	304,114	0
NORFOLK SOUTHERN CORP COM	COM	655844108	5,691,303	68,364	SH		DFND	0	0	68,364	0
NORTHROP GRUMMAN CORP COM	COM	666807102	8,094,110	40,900	SH		DFND	0	0	40,900	0
NORTHWEST NATURAL GAS CO.	COM	667655104	1,131	21	SH		DFND	0	0	21	0
NVIDIA CORP COM	COM	67066G104	4,364,176	122,486	SH		DFND	0	0	122,486	0
OCCIDENTAL PETE CORP DEL COM	COM	674599105	11,787,410	172,255	SH		DFND	0	0	172,255	0
OCEANEERING INTERNATIONAL INC.	COM	675232102	25,980,450	781,602	SH		DFND	0	0	781,602	0
OLD DOMINION FREIGHT LINE INC.	COM	679580100	1,741	25	SH		DFND	0	0	25	0
OMNICOM GROUP INC COM	COM	681919106	98,877	1,188	SH		DFND	0	0	1,188	0
ONE Gas Inc	COM	68235P108	1,161	19	SH		DFND	0	0	19	0
ORACLE CORP COM	COM	68389X105	29,068,069	710,537	SH		DFND	0	0	710,537	0
OUTERWALL INC	COM	690070107	962	26	SH		DFND	0	0	26	0
PDL BIOPHARMA INC.	COM	69329Y104	1,745	524	SH		DFND	0	0	524	0
PG&E CORP COM	COM	69331C108	6,428,082	107,637	SH		DFND	0	0	107,637	0
PNC FINL SVCS GROUP INC COM	COM	693475105	9,822,467	116,146	SH		DFND	0	0	116,146	0
PNM RESOURCES INC.	COM	69349H107	5,193	154	SH		DFND	0	0	154	0
PPG INDS INC COM	COM	693506107	6,796,876	60,964	SH		DFND	0	0	60,964	0
PPL CORP COM	COM	69351T106	4,665,707	122,556	SH		DFND	0	0	122,556	0
PAREXEL INTERNATIONAL CORP	COM	699462107	4,203	67	SH		DFND	0	0	67	0
PAYCHEX INC COM	COM	704326107	133,135	2,465	SH		DFND	0	0	2,465	0
Paypal Holdings Inc.	COM	70450Y103	10,515,875	272,432	SH		DFND	0	0	272,432	0
PENN NATIONAL GAMING INC	COM	707569109	668	40	SH		DFND	0	0	40	0
PEPSICO INC COM	COM	713448108	75,249,937	734,289	SH		DFND	0	0	734,289	0
PERKINELMER INC COM	COM	714046109	1,187	24	SH		DFND	0	0	24	0
PFIZER INC COM	COM	717081103	49,268,230	1,662,221	SH		DFND	0	0	1,662,221	0
PHILIP MORRIS INTL INC COM	COM	718172109	34,083,806	347,404	SH		DFND	0	0	347,404	0
PHILLIPS 66	COM	718546104	10,517,568	121,464	SH		DFND	0	0	121,464	0
POLYCOM INC COM	COM	73172K104	1,728	155	SH		DFND	0	0	155	0
PRAXAIR INC COM	COM	74005P104	7,399,765	64,655	SH		DFND	0	0	64,655	0
PRICE T ROWE GROUP INC COM	COM	74144T108	92,339	1,257	SH		DFND	0	0	1,257	0
PRICELINE COM INC COM NEW	COM	741503403	14,984,160	11,625	SH		DFND	0	0	11,625	0
PROCTER & GAMBLE CO COM	COM	742718109	52,798,161	641,455	SH		DFND	0	0	641,455	0
PROGRESS SOFTWARE CORP.	COM	743312100	2,364	98	SH		DFND	0	0	98	0
PRUDENTIAL FINL INC COM	COM	744320102	11,843,791	163,996	SH		DFND	0	0	163,996	0
PUBLIC SVC ENTERPRISE GROUP CO	COM	744573106	2,247,352	47,674	SH		DFND	0	0	47,674	0
PUBLIC STORAGE COM	COM	74460D109	31,366,008	113,715	SH		DFND	0	0	113,715	0
QUALCOMM INC COM	COM	747525103	17,238,118	337,077	SH		DFND	0	0	337,077	0
QUANTA SERVICES INC.	COM	74762E102	2,143	95	SH		DFND	0	0	95	0
QUEST DIAGNOSTICS INC COM	COM	74834L100	3,937,324	55,106	SH		DFND	0	0	55,106	0
QUINTILES TRANSNATIONL COM	COM	74876Y101	781	12	SH		DFND	0	0	12	0
RAYTHEON CO COM NEW	COM	755111507	13,082,782	106,685	SH		DFND	0	0	106,685	0
REGENERON PHARMACEUTICALS INC.	COM	75886F107	6,340,860	17,592	SH		DFND	0	0	17,592	0
REGIS CORP MINN COM	COM	758932107	2,749	181	SH		DFND	0	0	181	0
REGIONS FINANCIAL CORP	COM	7591EP100	1,349,227	171,876	SH		DFND	0	0	171,876	0
RESOURCES CONNECTION INC.	COM	76122Q105	2,412	155	SH		DFND	0	0	155	0
REXNORD CORP NEW COM	COM	76169B102	1,395	69	SH		DFND	0	0	69	0
REYNOLDS AMERICAN INC COM	COM	761713106	9,315,953	185,171	SH		DFND	0	0	185,171	0
ROBERT HALF INTL INC COM	COM	770323103	1,638,312	35,172	SH		DFND	0	0	35,172	0
ROCKWELL AUTOMATION INC	COM	773903109	79,511	699	SH		DFND	0	0	699	0
SLM CORP COM(NEW)	COM	78442P106	986	155	SH		DFND	0	0	155	0
Sabra Healthcare REIT Inc.	COM	78573L106	1,045	52	SH		DFND	0	0	52	0
SALESFORCE COM INC COM	COM	79466L302	10,861,205	147,111	SH		DFND	0	0	147,111	0
SANMINA CORPORATION COM	COM	801056102	2,642	113	SH		DFND	0	0	113	0
SCANA CORP NEW COM	COM	80589M102	437,105	6,231	SH		DFND	0	0	6,231	0
SCHLUMBERGER LTD COM	COM	806857108	21,081,806	285,855	SH		DFND	0	0	285,855	0
SCHWAB CHARLES CP NEW COM	COM	808513105	7,198,954	256,922	SH		DFND	0	0	256,922	0
SILICON LABORATORIES INC.	COM	826919102	1,394	31	SH		DFND	0	0	31	0
SIMON PPTY GROUP INC NEW COM	COM	828806109	46,694,943	224,830	SH		DFND	0	0	224,830	0
SKYWEST INC.	COM	830879102	2,079	104	SH		DFND	0	0	104	0
SNAP ON INC COM	COM	833034101	3,299,616	21,018	SH		DFND	0	0	21,018	0
SONIC CORP	COM	835451105	1,371	39	SH		DFND	0	0	39	0
SOUTHERN CO COM	COM	842587107	10,536,470	203,682	SH		DFND	0	0	203,682	0
SOUTHERN COPPER CORP COM	COM	84265V105	709,265	25,596	SH		DFND	0	0	25,596	0
SOUTHWEST AIRLS CO COM	COM	844741108	4,739,930	105,802	SH		DFND	0	0	105,802	0
SOUTHWESTERN ENERGY CO COM	COM	845467109	433,173	53,677	SH		DFND	0	0	53,677	0
SPECTRA ENERGY CORP COM	COM	847560109	4,606,799	150,549	SH		DFND	0	0	150,549	0
Spirit Realty Capital Inc	COM	84860W102	2,059	183	SH		DFND	0	0	183	0
STARBUCKS CORP COM	COM	855244109	43,504,106	728,712	SH		DFND	0	0	728,712	0
STATE STR CORP COM	COM	857477103	5,402,625	92,321	SH		DFND	0	0	92,321	0
STRYKER CORP COM	COM	863667101	8,126,788	75,746	SH		DFND	0	0	75,746	0
Summit Hotel Properties Inc	COM	866082100	3,388	283	SH		DFND	0	0	283	0
SUNSTONE HOTEL INVS INC NEW CO	COM	867892101	1,719	123	SH		DFND	0	0	123	0
SUNTRUST BKS INC COM	COM	867914103	1,680,642	46,581	SH		DFND	0	0	46,581	0
SUPERIOR INDUSTRIES INTERNATIO	COM	868168105	2,760	125	SH		DFND	0	0	125	0
SYKES ENTERPRISES INC.	COM	871237103	1,841	61	SH		DFND	0	0	61	0
SYNNEX CORP	COM	87162W100	2,870	31	SH		DFND	0	0	31	0
SYNCHRONY FINANCIAL	COM	87165B103	4,538,598	158,360	SH		DFND	0	0	158,360	0
SYSCO CORP COM	COM	871829107	2,177,338	46,594	SH		DFND	0	0	46,594	0
TJX COS INC NEW COM	COM	872540109	11,954,643	152,580	SH		DFND	0	0	152,580	0
T-Mobile US Inc	COM	872590104	2,357,825	61,562	SH		DFND	0	0	61,562	0
TARGET CORP COM	COM	87612E106	51,030,797	620,209	SH		DFND	0	0	620,209	0
TESORO CORP COM	COM	881609101	1,765,699	20,529	SH		DFND	0	0	20,529	0
TESLA MOTORS INC	COM	88160R101	5,024,840	21,869	SH		DFND	0	0	21,869	0
TEXAS INSTRS INC COM	COM	882508104	40,630,794	707,607	SH		DFND	0	0	707,607	0
TEXAS ROADHOUSE INC	COM	882681109	3,356	77	SH		DFND	0	0	77	0
THERMO FISHER SCIENTIFIC INC C	COM	883556102	12,639,173	89,266	SH		DFND	0	0	89,266	0
THOMSON REUTERS CORP COM	COM	884903105	2,992,484	73,925	SH		DFND	0	0	73,925	0
3M CO COM	COM	88579Y101	23,841,420	143,080	SH		DFND	0	0	143,080	0
TIME WARNER INC COM NEW	COM	887317303	18,953,107	261,242	SH		DFND	0	0	261,242	0
TIME WARNER CABLE INC COM	COM	88732J207	12,971,680	63,394	SH		DFND	0	0	63,394	0
TOTAL SYS SVCS INC COM	COM	891906109	1,951	41	SH		DFND	0	0	41	0
TRAVELERS COMPANIES INC COM	COM	89417E109	34,875,049	298,818	SH		DFND	0	0	298,818	0
TRIPLE-S MANAGEMENT CORP. (CL	COM	896749108	2,809	113	SH		DFND	0	0	113	0
TRUSTCO BK CORP N Y COM	COM	898349105	2,024	334	SH		DFND	0	0	334	0
21ST CENTURY FOX CLASS A	COM	90130A101	6,998,967	251,039	SH		DFND	0	0	251,039	0
21ST CENTURY FOX CLASS B	COM	90130A200	3,058,149	108,445	SH		DFND	0	0	108,445	0
2U INC COM	COM	90214J101	1,605	71	SH		DFND	0	0	71	0
TYSON FOODS INC CL A	COM	902494103	4,787,388	71,818	SH		DFND	0	0	71,818	0
US BANCORP DEL COM NEW	COM	902973304	15,248,567	375,673	SH		DFND	0	0	375,673	0
UBIQUITI NETWORKS INC	COM	90347A100	1,697	51	SH		DFND	0	0	51	0
UNION PAC CORP COM	COM	907818108	46,330,477	582,407	SH		DFND	0	0	582,407	0
UNITED PARCEL SERVICE INC CL B	COM	911312106	17,812,934	168,891	SH		DFND	0	0	168,891	0
UNITED TECHNOLOGIES CORP COM	COM	913017109	45,655,110	456,095	SH		DFND	0	0	456,095	0
UNITEDHEALTH GROUP INC COM	COM	91324P102	31,527,780	244,591	SH		DFND	0	0	244,591	0
UNUM GROUP COM	COM	91529Y106	1,587,835	51,353	SH		DFND	0	0	51,353	0
V F CORP COM	COM	918204108	4,908,484	75,795	SH		DFND	0	0	75,795	0
VALERO ENERGY CORP NEW COM	COM	91913Y100	24,963,865	389,209	SH		DFND	0	0	389,209	0
VECTREN CORP.	COM	92240G101	2,174	43	SH		DFND	0	0	43	0
VERSIGN INC	COM	92343E102	2,206,594	24,922	SH		DFND	0	0	24,922	0
VERIZON COMMUNICATIONS INC COM	COM	92343V104	106,356,378	1,966,649	SH		DFND	0	0	1,966,649	0
VERTEX PHARMACEUTICALS INC.	COM	92532F100	4,345,162	54,663	SH		DFND	0	0	54,663	0
VIACOM INC CLASS A	COM	92553P102	105,051	2,319	SH		DFND	0	0	2,319	0
VIACOM INC CLASS B	COM	92553P201	3,208,488	77,725	SH		DFND	0	0	77,725	0
VISA INC COM CL A	COM	92826C839	72,456,234	947,388	SH		DFND	0	0	947,388	0
VISTEON CORP COM	COM	92839U206	1,433	18	SH		DFND	0	0	18	0
VMWARE INC CL A COM	COM	928563402	961,092	18,373	SH		DFND	0	0	18,373	0
VORNADO RLTY TR SH BEN INT	COM	929042109	3,619,880	38,334	SH		DFND	0	0	38,334	0
WEC ENERGY GROUP, INC	COM	92939U106	22,957,913	382,186	SH		DFND	0	0	382,186	0
WABASH NATL CORP COM	COM	929566107	2,508	190	SH		DFND	0	0	190	0
WAL MART STORES INC COM	COM	931142103	30,963,233	452,084	SH		DFND	0	0	452,084	0
WALGREENS BOOTS ALLIANCE	COM	931427108	16,240,714	192,791	SH		DFND	0	0	192,791	0
WASTE MGMT INC DEL COM	COM	94106L109	6,057,471	102,669	SH		DFND	0	0	102,669	0
WELLCARE HEALTH PLANS INC.	COM	94946T106	928	10	SH		DFND	0	0	10	0
WELLS FARGO & CO NEW COM	COM	949746101	89,484,183	1,850,376	SH		DFND	0	0	1,850,376	0
WENDYS INTL INC COM	COM	95058W100	653	60	SH		DFND	0	0	60	0
WEST CORP COM	COM	952355204	2,601	114	SH		DFND	0	0	114	0
WESTERN ASSET MTG CAP CORP COM	COM	95790D105	1,889	188	SH		DFND	0	0	188	0
WESTERN DIGITAL CORP COM	COM	958102105	36,186	766	SH		DFND	0	0	766	0
WESTERN REFNG INC COM	COM	959319104	2,153	74	SH		DFND	0	0	74	0
WESTERN UN CO COM	COM	959802109	3,599,205	186,584	SH		DFND	0	0	186,584	0
WESTROCK COMPANY	COM	96145D105	839,496	21,509	SH		DFND	0	0	21,509	0
WILLIAMS COS INC DEL COM	COM	969457100	2,699,085	167,958	SH		DFND	0	0	167,958	0
WORTHINGTON INDS INC COM	COM	981811102	5,275	148	SH		DFND	0	0	148	0
WPX ENERGY INC	COM	98212B103	1,300	186	SH		DFND	0	0	186	0
WYNDHAM WORLDWIDE CORP COM	COM	98310W108	1,246,268	16,306	SH		DFND	0	0	16,306	0
YAHOO INC COM	COM	984332106	7,746,701	210,451	SH		DFND	0	0	210,451	0
YUM! BRANDS	COM	988498101	7,502,044	91,656	SH		DFND	0	0	91,656	0
ALLEGION	COM	G0176J109	1,975	31	SH		DFND	0	0	31	0
ALLERGAN PLC	COM	G0177J108	23,588,784	88,008	SH		DFND	0	0	88,008	0
ASPEN INSURANCE HLDGS LTD	COM	G05384105	2,003	42	SH		DFND	0	0	42	0
ARRIS INTERNATIONAL PLC	COM	G0551A103	1,077	47	SH		DFND	0	0	47	0
ACCENTURE PLC IRELAND SHS CLAS	COM	G1151C101	21,159,629	183,359	SH		DFND	0	0	183,359	0
EATON CORP PLC	COM	G29183103	6,553,160	104,750	SH		DFND	0	0	104,750	0
MAIDEN HOLDINGS LTD.	COM	G5753U112	2,290	177	SH		DFND	0	0	177	0
MALLINCKRODT PLC	COM	G5785G107	184	3	SH		DFND	0	0	3	0
MEDTRONIC PLC	COM	G5960L103	23,968,425	319,579	SH		DFND	0	0	319,579	0
PENTAIR INC	COM	G7S00T104	1,615,537	29,774	SH		DFND	0	0	29,774	0
CHUBB LIMITED	COM	H1467J104	12,421,626	104,252	SH		DFND	0	0	104,252	0
LYONDELLBASELL INDUSTRIES	COM	N53745100	11,420,822	133,452	SH		DFND	0	0	133,452	0
MYLAN N.V.	COM	N59465109	33,454,688	721,784	SH		DFND	0	0	721,784	0
BROADCOM LIMITED	COM	Y09827109	13,080,279	84,662	SH		DFND	0	0	84,662	0