Convergence Investment Partners 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
AK STL HLDG CORP	COM	1547108	1,586	328,465	SH		DFND		328,465	0	0
NU SKIN ENTERPRISES INC	CL A	67018T105	3,662	56,532	SH		DFND		56,532	0	0
PACKAGING CORP AMER	COM	695156109	2,051	25,242	SH		DFND		25,242	0	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	278	383	SH		DFND		383	0	0
KINDRED HEALTHCARE INC	COM	494580103	1,497	146,490	SH		DFND		146,490	0	0
MANTECH INTL CORP	CL A	564563104	462	12,267	SH		DFND		12,267	0	0
MYRIAD GENETICS INC	COM	62855J104	2,474	120,191	SH		DFND		120,191	0	0
MANPOWERGROUP INC	COM	56418H100	1,104	15,272	SH		DFND		15,272	0	0
DISCOVERY COMMUNICATNS NEW	COM SER A	25470F104	4,964	184,404	SH		DFND		184,404	0	0
SMITH & WESSON HLDG CORP	COM	831756101	1,673	62,922	SH		DFND		62,922	0	0
WORLD FUEL SVCS CORP	COM	981475106	3,504	75,742	SH		DFND		75,742	0	0
B/E AEROSPACE INC	COM	73302101	235	4,545	SH		DFND		4,545	0	0
GARMIN LTD	SHS	H2906T109	650	13,513	SH		DFND		13,513	0	0
OSHKOSH CORP	COM	688239201	523	9,341	SH		DFND		9,341	0	0
QUANTA SVCS INC	COM	74762e102	1,283	45,848	SH		DFND		45,848	0	0
AMERIPRISE FINL INC	COM	03076C106	1,440	14,435	SH		DFND		14,435	0	0
SOUTHWEST GAS CORP	COM	844895102	4,275	61,195	SH		DFND		61,195	0	0
CLIFFS NAT RES INC	COM	18683K101	534	91,263	SH		DFND		91,263	0	0
BIG LOTS INC	COM	89302103	2,727	57,104	SH		DFND		57,104	0	0
JANUS CAP GROUP INC	COM	47102X105	515	36,766	SH		DFND		36,766	0	0
UNITED STATES CELLULAR CORP	COM	911684108	676	18,608	SH		DFND		18,608	0	0
BENCHMARK ELECTRS INC	COM	08160H101	1,781	71,400	SH		DFND		71,400	0	0
SKYWEST INC	COM	830879102	1,941	73,480	SH		DFND		73,480	0	0
AMERICAN AXLE & MFG HLDGS IN	COM	24061103	784	45,528	SH		DFND		45,528	0	0
SONIC AUTOMOTIVE INC	CL A	83545G102	1,416	75,295	SH		DFND		75,295	0	0
TECH DATA CORP	COM	878237106	4,132	48,781	SH		DFND		48,781	0	0
TENNECO INC	COM	880349105	970	16,642	SH		DFND		16,642	0	0
WABASH NATL CORP	COM	929566107	1,425	100,083	SH		DFND		100,083	0	0
MOLINA HEALTHCARE INC	COM	60855R100	2,229	38,217	SH		DFND		38,217	0	0
WESCO INTL INC	COM	95082P105	714	11,612	SH		DFND		11,612	0	0
NUANCE COMMUNICATIONS INC	COM	67020Y100	4,903	338,172	SH		DFND		338,172	0	0
CHILDRENS PL INC	COM	168905107	2,583	32,342	SH		DFND		32,342	0	0
KELLY SVCS INC	CL A	488152208	1,556	80,975	SH		DFND		80,975	0	0
VIACOM INC NEW	CL B	92553P201	2,464	64,672	SH		DFND		64,672	0	0
FTI CONSULTING INC	COM	302941109	261	5,849	SH		DFND		5,849	0	0
AMAZON COM INC	COM	23135106	430	514	SH		DFND		514	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	84670702	580	4,017	SH		DFND		4,017	0	0
EMERSON ELEC CO	COM	291011104	1,890	34,668	SH		DFND		34,668	0	0
BOEING CO	COM	97023105	8,125	61,674	SH		DFND		61,674	0	0
HELMERICH & PAYNE INC	COM	423452101	978	14,531	SH		DFND		14,531	0	0
UNITED NAT FOODS INC	COM	911163103	1,151	28,736	SH		DFND		28,736	0	0
AMGEN INC	COM	31162100	7,084	42,469	SH		DFND		42,469	0	0
BEST BUY INC	COM	86516101	4,084	106,966	SH		DFND		106,966	0	0
ALTRIA GROUP INC	COM	02209S103	4,785	75,670	SH		DFND		75,670	0	0
INTEL CORP	COM	458140100	7,121	188,627	SH		DFND		188,627	0	0
ORACLE CORP	COM	68389X105	310	7,886	SH		DFND		7,886	0	0
QUALCOMM INC	COM	747525103	6,298	91,935	SH		DFND		91,935	0	0
DISNEY WALT CO	COM DISNEY	254687106	233	2,507	SH		DFND		2,507	0	0
SYSCO CORP	COM	871829107	1,007	20,548	SH		DFND		20,548	0	0
JOHNSON & JOHNSON	COM	478160104	1,706	14,441	SH		DFND		14,441	0	0
HAIN CELESTIAL GROUP INC	COM	405217100	1,544	43,390	SH		DFND		43,390	0	0
PFIZER INC	COM	717081103	10,560	311,786	SH		DFND		311,786	0	0
EXELON CORP	COM	30161N101	1,069	32,110	SH		DFND		32,110	0	0
AMERISOURCEBERGEN CORP	COM	03073e105	1,453	17,991	SH		DFND		17,991	0	0
CHEVRON CORP NEW	COM	166764100	6,028	58,566	SH		DFND		58,566	0	0
MICROSOFT CORP	COM	594918104	6,549	113,698	SH		DFND		113,698	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	1,017	9,296	SH		DFND		9,296	0	0
AT&T INC	COM	00206R102	11,498	283,128	SH		DFND		283,128	0	0
PRUDENTIAL FINL INC	COM	744320102	1,476	18,080	SH		DFND		18,080	0	0
NCR CORP NEW	COM	62886e108	2,480	77,029	SH		DFND		77,029	0	0
CITIGROUP INC	COM NEW	172967424	4,265	90,292	SH		DFND		90,292	0	0
CA INC	COM	12673P105	4,628	139,915	SH		DFND		139,915	0	0
CISCO SYS INC	COM	17275R102	2,422	76,352	SH		DFND		76,352	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	4,491	28,274	SH		DFND		28,274	0	0
COCA COLA CO	COM	191216100	258	6,089	SH		DFND		6,089	0	0
PEPSICO INC	COM	713448108	297	2,726	SH		DFND		2,726	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	4,876	93,798	SH		DFND		93,798	0	0
XEROX CORP	COM	984121103	3,355	331,184	SH		DFND		331,184	0	0
BANK AMER CORP	COM	60505104	3,927	250,910	SH		DFND		250,910	0	0
EXXON MOBIL CORP	COM	30231G102	3,039	34,825	SH		DFND		34,825	0	0
WAL-MART STORES INC	COM	931142103	7,981	110,657	SH		DFND		110,657	0	0
BAXTER INTL INC	COM	71813109	1,151	24,191	SH		DFND		24,191	0	0
BRADY CORP	CL A	104674106	2,390	69,052	SH		DFND		69,052	0	0
CARDINAL HEALTH INC	COM	14149Y108	2,625	33,785	SH		DFND		33,785	0	0
TARGET CORP	COM	87612e106	1,655	24,098	SH		DFND		24,098	0	0
CAPITAL ONE FINL CORP	COM	14040H105	4,389	61,103	SH		DFND		61,103	0	0
KOHLS CORP	COM	500255104	2,272	51,939	SH		DFND		51,939	0	0
CVS HEALTH CORP	COM	126650100	293	3,295	SH		DFND		3,295	0	0
QUEST DIAGNOSTICS INC	COM	74834L100	2,354	27,820	SH		DFND		27,820	0	0
MCKESSON CORP	COM	58155Q103	2,840	17,032	SH		DFND		17,032	0	0
MILLER HERMAN INC	COM	600544100	2,237	78,220	SH		DFND		78,220	0	0
MERCK & CO INC	COM	58933Y105	5,215	83,561	SH		DFND		83,561	0	0
MICRON TECHNOLOGY INC	COM	595112103	284	15,999	SH		DFND		15,999	0	0
MORGAN STANLEY	COM NEW	617446448	4,353	135,780	SH		DFND		135,780	0	0
NABORS INDUSTRIES LTD	SHS	G6359F103	3,292	270,690	SH		DFND		270,690	0	0
NCI BUILDING SYS INC	COM NEW	628852204	827	56,708	SH		DFND		56,708	0	0
ENTERGY CORP NEW	COM	29364G103	3,665	47,759	SH		DFND		47,759	0	0
FIFTH THIRD BANCORP	COM	316773100	5,640	275,656	SH		DFND		275,656	0	0
REINSURANCE GROUP AMER INC	COM NEW	759351604	1,689	15,651	SH		DFND		15,651	0	0
PROCTER AND GAMBLE CO	COM	742718109	5,167	57,568	SH		DFND		57,568	0	0
GENERAL ELECTRIC CO	COM	369604103	6,511	219,833	SH		DFND		219,833	0	0
KIMBERLY CLARK CORP	COM	494368103	1,340	10,620	SH		DFND		10,620	0	0
GILEAD SCIENCES INC	COM	375558103	3,367	42,554	SH		DFND		42,554	0	0
HOME DEPOT INC	COM	437076102	2,976	23,129	SH		DFND		23,129	0	0
INGERSOLL-RAND PLC	SHS	G47791101	1,984	29,203	SH		DFND		29,203	0	0
JABIL CIRCUIT INC	COM	466313103	3,808	174,527	SH		DFND		174,527	0	0
JPMORGAN CHASE & CO	COM	46625H100	9,854	147,985	SH		DFND		147,985	0	0
SIRIUS XM HLDGS INC	COM	82968B103	2,060	494,082	SH		DFND		494,082	0	0
HP INC	COM	40434L105	2,153	138,629	SH		DFND		138,629	0	0
ORTHOFIX INTL N V	COM	N6748L102	1,499	35,050	SH		DFND		35,050	0	0
WELLS FARGO & CO NEW	COM	949746101	2,197	49,617	SH		DFND		49,617	0	0
STURM RUGER & CO INC	COM	864159108	611	10,572	SH		DFND		10,572	0	0
WADDELL & REED FINL INC	CL A	930059100	1,270	69,946	SH		DFND		69,946	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	3,138	259,962	SH		DFND		259,962	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	358	2,557	SH		DFND		2,557	0	0
NEW YORK TIMES CO	CL A	650111107	177	14,840	SH		DFND		14,840	0	0
OMNICOM GROUP INC	COM	681919106	1,273	14,981	SH		DFND		14,981	0	0
COMCAST CORP NEW	CL A	20030N101	1,470	22,154	SH		DFND		22,154	0	0
BRINKER INTL INC	COM	109641100	2,171	43,046	SH		DFND		43,046	0	0
TUPPERWARE BRANDS CORP	COM	899896104	1,158	17,717	SH		DFND		17,717	0	0
SMUCKER J M CO	COM NEW	832696405	1,599	11,800	SH		DFND		11,800	0	0
OWENS ILL INC	COM NEW	690768403	939	51,041	SH		DFND		51,041	0	0
ISTAR INC	COM	45031U101	295	27,462	SH		DFND		27,462	0	0
HUNTINGTON BANCSHARES INC	COM	446150104	2,049	207,828	SH		DFND		207,828	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	2,532	162,634	SH		DFND		162,634	0	0
FIRSTENERGY CORP	COM	337932107	1,021	30,860	SH		DFND		30,860	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	1,256	15,688	SH		DFND		15,688	0	0
BOB EVANS FARMS INC	COM	96761101	1,501	39,179	SH		DFND		39,179	0	0
APPLE INC	COM	37833100	10,334	91,411	SH		DFND		91,411	0	0
ALLIANT ENERGY CORP	COM	18802108	217	5,660	SH		DFND		5,660	0	0
AMERICAN WTR WKS CO INC NEW	COM	30420103	1,311	17,516	SH		DFND		17,516	0	0
OFFICE DEPOT INC	COM	676220106	48	13,504	SH		DFND		13,504	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	1,161	13,863	SH		DFND		13,863	0	0
INTL PAPER CO	COM	460146103	3,179	66,267	SH		DFND		66,267	0	0
AMKOR TECHNOLOGY INC	COM	31652100	2,065	212,490	SH		DFND		212,490	0	0
CITRIX SYS INC	COM	177376100	3,527	41,385	SH		DFND		41,385	0	0
ZIONS BANCORPORATION	COM	989701107	3,809	122,788	SH		DFND		122,788	0	0
CONVERGYS CORP	COM	212485106	5,076	166,857	SH		DFND		166,857	0	0
SANMINA CORPORATION	COM	801056102	3,504	123,084	SH		DFND		123,084	0	0
AES CORP	COM	00130H105	1,946	151,431	SH		DFND		151,431	0	0
AMERICAN EXPRESS CO	COM	25816109	2,419	37,770	SH		DFND		37,770	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	598	12,427	SH		DFND		12,427	0	0
NEWMONT MINING CORP	COM	651639106	738	18,771	SH		DFND		18,771	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	462	12,566	SH		DFND		12,566	0	0
REGIONS FINL CORP NEW	COM	7591EP100	4,591	465,174	SH		DFND		465,174	0	0
UNISYS CORP	COM NEW	909214306	1,650	169,405	SH		DFND		169,405	0	0
ARCHER DANIELS MIDLAND CO	COM	39483102	1,273	30,178	SH		DFND		30,178	0	0
CENTERPOINT ENERGY INC	COM	15189T107	3,573	153,801	SH		DFND		153,801	0	0
CHEESECAKE FACTORY INC	COM	163072101	1,325	26,465	SH		DFND		26,465	0	0
DDR CORP	COM	23317H102	768	44,089	SH		DFND		44,089	0	0
GREAT PLAINS ENERGY INC	COM	391164100	4,338	158,944	SH		DFND		158,944	0	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	1,501	21,288	SH		DFND		21,288	0	0
DOW CHEM CO	COM	260543103	1,867	36,014	SH		DFND		36,014	0	0
E TRADE FINANCIAL CORP	COM NEW	269246401	1,129	38,767	SH		DFND		38,767	0	0
HOLLYFRONTIER CORP	COM	436106108	1,026	41,891	SH		DFND		41,891	0	0
PRINCIPAL FINL GROUP INC	COM	74251V102	2,882	55,959	SH		DFND		55,959	0	0
FIRST BANCORP P R	COM NEW	318672706	310	59,533	SH		DFND		59,533	0	0
WORTHINGTON INDS INC	COM	981811102	1,944	40,484	SH		DFND		40,484	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	4,994	94,233	SH		DFND		94,233	0	0
PINNACLE WEST CAP CORP	COM	723484101	1,830	24,080	SH		DFND		24,080	0	0
NAVISTAR INTL CORP NEW	COM	63934e108	1,856	81,071	SH		DFND		81,071	0	0
IMPAX LABORATORIES INC	COM	45256B101	1,993	84,111	SH		DFND		84,111	0	0
ENSCO PLC	SHS CLASS A	G3157S106	561	66,025	SH		DFND		66,025	0	0
GATX CORP	COM	361448103	1,405	31,536	SH		DFND		31,536	0	0
EASTGROUP PPTY INC	COM	277276101	3,476	47,259	SH		DFND		47,259	0	0
POPULAR INC	COM NEW	733174700	685	17,934	SH		DFND		17,934	0	0
CNO FINL GROUP INC	COM	12621e103	3,084	201,960	SH		DFND		201,960	0	0
SUNTRUST BKS INC	COM	867914103	3,346	76,388	SH		DFND		76,388	0	0
PIPER JAFFRAY COS	COM	724078100	1,302	26,947	SH		DFND		26,947	0	0
CARNIVAL CORP	UNIT 99/99/9999	143658300	3,159	64,710	SH		DFND		64,710	0	0
EZCORP INC	CL A NON VTG	302301106	482	43,595	SH		DFND		43,595	0	0
EARTHLINK HLDGS CORP	COM	27033X101	1,563	252,045	SH		DFND		252,045	0	0
LEXINGTON REALTY TRUST	COM	529043101	1,629	158,148	SH		DFND		158,148	0	0
RAMCO-GERSHENSON PPTYS TR	COM SH BEN INT	751452202	2,828	150,910	SH		DFND		150,910	0	0
GENESCO INC	COM	371532102	2,065	37,920	SH		DFND		37,920	0	0
TIMKEN CO	COM	887389104	2,729	77,666	SH		DFND		77,666	0	0
CAREER EDUCATION CORP	COM	141665109	1,342	197,594	SH		DFND		197,594	0	0
MERITOR INC	COM	59001K100	267	23,954	SH		DFND		23,954	0	0
MENTOR GRAPHICS CORP	COM	587200106	1,326	50,166	SH		DFND		50,166	0	0
NVIDIA CORP	COM	67066G104	3,153	46,009	SH		DFND		46,009	0	0
SANDERSON FARMS INC	COM	800013104	2,906	30,170	SH		DFND		30,170	0	0
EATON CORP PLC	SHS	G29183103	1,798	27,366	SH		DFND		27,366	0	0
TESORO CORP	COM	881609101	2,706	34,013	SH		DFND		34,013	0	0
KB HOME	COM	48666K109	1,689	104,760	SH		DFND		104,760	0	0
UNITED RENTALS INC	COM	911363109	1,632	20,796	SH		DFND		20,796	0	0
ROWAN COMPANIES PLC	SHS CL A	G7665A101	3,767	248,470	SH		DFND		248,470	0	0
DONNELLEY R R & SONS CO	WHEN ISSUED	257867200	936	59,563	SH		DFND		59,563	0	0
PENN NATL GAMING INC	COM	707569109	692	50,966	SH		DFND		50,966	0	0
FIRST INDUSTRIAL REALTY TRUS	COM	32054K103	3,102	109,938	SH		DFND		109,938	0	0
TCF FINL CORP	COM	872275102	3,294	226,991	SH		DFND		226,991	0	0
URBAN OUTFITTERS INC	COM	917047102	2,025	58,659	SH		DFND		58,659	0	0
LINCOLN NATL CORP IND	COM	534187109	1,855	39,484	SH		DFND		39,484	0	0
OWENS & MINOR INC NEW	COM	690732102	4,050	116,618	SH		DFND		116,618	0	0
CUMMINS INC	COM	231021106	1,891	14,755	SH		DFND		14,755	0	0
UNUM GROUP	COM	91529Y106	1,532	43,378	SH		DFND		43,378	0	0
DEVRY ED GROUP INC	COM	251893103	1,131	49,055	SH		DFND		49,055	0	0
METLIFE INC	COM	59156R108	1,761	39,637	SH		DFND		39,637	0	0
MCDERMOTT INTL INC	COM	580037109	1,061	211,720	SH		DFND		211,720	0	0
SWIFT TRANSN CO	CL A	87074U101	2,452	114,189	SH		DFND		114,189	0	0
HUB GROUP INC	CL A	443320106	925	22,703	SH		DFND		22,703	0	0
UNIT CORP	COM	909218109	572	30,747	SH		DFND		30,747	0	0
ABERCROMBIE & FITCH CO	CL A	2896207	477	30,009	SH		DFND		30,009	0	0
U S G CORP	COM NEW	903293405	2,556	98,891	SH		DFND		98,891	0	0
BRUNSWICK CORP	COM	117043109	1,305	26,745	SH		DFND		26,745	0	0
TYSON FOODS INC	CL A	902494103	4,002	53,596	SH		DFND		53,596	0	0
HNI CORP	COM	404251100	472	11,870	SH		DFND		11,870	0	0
LIBERTY PPTY TR	SH BEN INT	531172104	2,950	73,117	SH		DFND		73,117	0	0
CONSOL ENERGY INC	COM	20854P109	3,259	169,758	SH		DFND		169,758	0	0
PHH CORP	COM NEW	693320202	1,115	77,175	SH		DFND		77,175	0	0
ALPHABET INC	CAP STK CL A	02079K305	489	608	SH		DFND		608	0	0
WELLCARE HEALTH PLANS INC	COM	94946T106	2,915	24,896	SH		DFND		24,896	0	0
COMMERCIAL METALS CO	COM	201723103	1,216	75,130	SH		DFND		75,130	0	0
DEAN FOODS CO NEW	COM NEW	242370203	5,363	327,025	SH		DFND		327,025	0	0
BOSTON PRIVATE FINL HLDGS IN	COM	101119105	1,093	85,158	SH		DFND		85,158	0	0
LEXICON PHARMACEUTICALS INC	COM NEW	528872302	818	45,279	SH		DFND		45,279	0	0
SCICLONE PHARMACEUTICALS INC	COM	80862K104	788	76,895	SH		DFND		76,895	0	0
UNIVERSAL FST PRODS INC	COM	913543104	1,273	12,930	SH		DFND		12,930	0	0
CBL & ASSOC PPTYS INC	COM	124830100	2,232	183,889	SH		DFND		183,889	0	0
HUNTSMAN CORP	COM	447011107	3,356	206,239	SH		DFND		206,239	0	0
CEVA INC	COM	157210105	2,215	63,150	SH		DFND		63,150	0	0
LA Z BOY INC	COM	505336107	625	25,466	SH		DFND		25,466	0	0
DREW INDS INC	COM NEW	26168L205	824	8,411	SH		DFND		8,411	0	0
UNITED CONTL HLDGS INC	COM	910047109	2,457	46,820	SH		DFND		46,820	0	0
BROOKDALE SR LIVING INC	COM	112463104	427	24,493	SH		DFND		24,493	0	0
SALESFORCE COM INC	COM	79466L302	233	3,266	SH		DFND		3,266	0	0
EXELIXIS INC	COM	30161Q104	475	37,160	SH		DFND		37,160	0	0
NEUSTAR INC	CL A	64126X201	876	32,936	SH		DFND		32,936	0	0
NATIONAL HEALTH INVS INC	COM	63633D104	1,561	19,892	SH		DFND		19,892	0	0
EAST WEST BANCORP INC	COM	27579R104	1,422	38,730	SH		DFND		38,730	0	0
HANCOCK HLDG CO	COM	410120109	1,403	43,257	SH		DFND		43,257	0	0
NATIONAL BEVERAGE CORP	COM	635017106	2,628	59,660	SH		DFND		59,660	0	0
INTERNATIONAL SPEEDWAY CORP	CL A	460335201	1,025	30,657	SH		DFND		30,657	0	0
CEPHEID	COM	15670R107	1,211	22,978	SH		DFND		22,978	0	0
MOOG INC	CL A	615394202	1,624	27,280	SH		DFND		27,280	0	0
APARTMENT INVT & MGMT CO	CL A	03748R101	963	20,984	SH		DFND		20,984	0	0
UNITED THERAPEUTICS CORP DEL	COM	91307C102	1,013	8,580	SH		DFND		8,580	0	0
COGENT COMMUNICATIONS HLDGS	COM NEW	19239V302	1,698	46,141	SH		DFND		46,141	0	0
IROBOT CORP	COM	462726100	1,309	29,753	SH		DFND		29,753	0	0
ORMAT TECHNOLOGIES INC	COM	686688102	714	14,744	SH		DFND		14,744	0	0
HMS HLDGS CORP	COM	40425J101	799	36,036	SH		DFND		36,036	0	0
INSPERITY INC	COM	45778Q107	1,623	22,349	SH		DFND		22,349	0	0
INSYS THERAPEUTICS INC NEW	COM NEW	45824V209	529	44,905	SH		DFND		44,905	0	0
INVESCO LTD	SHS	G491BT108	1,731	55,371	SH		DFND		55,371	0	0
MASTERCARD INCORPORATED	CL A	57636Q104	3,525	34,637	SH		DFND		34,637	0	0
FOSSIL GROUP INC	COM	34988V106	1,699	61,175	SH		DFND		61,175	0	0
VAIL RESORTS INC	COM	91879Q109	704	4,490	SH		DFND		4,490	0	0
PAREXEL INTL CORP	COM	699462107	487	7,011	SH		DFND		7,011	0	0
WORLD ACCEP CORP DEL	COM	981419104	476	9,711	SH		DFND		9,711	0	0
MEDIFAST INC	COM	58470H101	1,241	32,848	SH		DFND		32,848	0	0
WYNDHAM WORLDWIDE CORP	COM	98310W108	2,437	36,200	SH		DFND		36,200	0	0
SOTHEBYS	COM	835898107	472	12,426	SH		DFND		12,426	0	0
CENTRAL PAC FINL CORP	COM NEW	154760409	1,413	56,110	SH		DFND		56,110	0	0
DARLING INGREDIENTS INC	COM	237266101	247	18,287	SH		DFND		18,287	0	0
DELEK US HLDGS INC	COM	246647101	556	32,147	SH		DFND		32,147	0	0
THOMSON REUTERS CORP	COM	884903105	1,321	31,914	SH		DFND		31,914	0	0
BERKSHIRE HILLS BANCORP INC	COM	84680107	1,245	44,927	SH		DFND		44,927	0	0
WESTERN UN CO	COM	959802109	3,524	169,246	SH		DFND		169,246	0	0
OWENS CORNING NEW	COM	690742101	2,123	39,758	SH		DFND		39,758	0	0
EMERGENT BIOSOLUTIONS INC	COM	29089Q105	1,550	49,167	SH		DFND		49,167	0	0
WEB COM GROUP INC	COM	94733A104	1,206	69,810	SH		DFND		69,810	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	1,373	34,884	SH		DFND		34,884	0	0
INSTEEL INDUSTRIES INC	COM	45774W108	1,468	40,497	SH		DFND		40,497	0	0
DISCOVER FINL SVCS	COM	254709108	2,843	50,270	SH		DFND		50,270	0	0
SHUTTERFLY INC	COM	82568P304	2,024	45,343	SH		DFND		45,343	0	0
AECOM	COM	00766T100	587	19,731	SH		DFND		19,731	0	0
VMWARE INC	CL A COM	928563402	1,708	23,279	SH		DFND		23,279	0	0
TERADATA CORP DEL	COM	88076W103	4,935	159,207	SH		DFND		159,207	0	0
CHART INDS INC	COM PAR $0.01	16115Q308	1,365	41,565	SH		DFND		41,565	0	0
TRANSOCEAN LTD	REG SHS	H8817H100	3,541	332,170	SH		DFND		332,170	0	0
MASIMO CORP	COM	574795100	1,554	26,115	SH		DFND		26,115	0	0
PENSKE AUTOMOTIVE GRP INC	COM	70959W103	4,540	94,220	SH		DFND		94,220	0	0
SPARTANNASH CO	COM	847215100	603	20,854	SH		DFND		20,854	0	0
ECHOSTAR CORP	CL A	278768106	1,796	40,977	SH		DFND		40,977	0	0
LUMINEX CORP DEL	COM	55027e102	1,256	55,280	SH		DFND		55,280	0	0
VALIDUS HOLDINGS LTD	COM SHS	G9319H102	384	7,705	SH		DFND		7,705	0	0
HAWAIIAN HOLDINGS INC	COM	419879101	3,186	65,563	SH		DFND		65,563	0	0
NANOMETRICS INC	COM	630077105	1,917	85,798	SH		DFND		85,798	0	0
NXSTAGE MEDICAL INC	COM	67072V103	1,630	65,215	SH		DFND		65,215	0	0
MAIDEN HOLDINGS LTD	SHS	G5753U112	966	76,088	SH		DFND		76,088	0	0
BIOTELEMETRY INC	COM	90672106	1,073	57,788	SH		DFND		57,788	0	0
CARDTRONICS PLC	SHS CL A	G1991C105	5,106	114,485	SH		DFND		114,485	0	0
ENERGY RECOVERY INC	COM	29270J100	804	50,321	SH		DFND		50,321	0	0
CLEARWATER PAPER CORP	COM	18538R103	1,314	20,320	SH		DFND		20,320	0	0
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	3,101	142,434	SH		DFND		142,434	0	0
HYATT HOTELS CORP	COM CL A	448579102	1,278	25,975	SH		DFND		25,975	0	0
MAXLINEAR INC	CL A	57776J100	730	36,024	SH		DFND		36,024	0	0
ALPHA & OMEGA SEMICONDUCTOR	SHS	G6331P104	993	45,740	SH		DFND		45,740	0	0
COOPER STD HLDGS INC	COM	21676P103	213	2,152	SH		DFND		2,152	0	0
LEAR CORP	COM NEW	521865204	2,640	21,782	SH		DFND		21,782	0	0
QUAD / GRAPHICS INC	COM CL A	747301109	1,567	58,655	SH		DFND		58,655	0	0
PRIMERICA INC	COM	74164M108	3,560	67,123	SH		DFND		67,123	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	2,949	110,879	SH		DFND		110,879	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	2,538	100,808	SH		DFND		100,808	0	0
GENERAL MTRS CO	COM	37045V100	261	8,228	SH		DFND		8,228	0	0
SUMMIT HOTEL PPTYS	COM	866082100	182	13,850	SH		DFND		13,850	0	0
HCA HOLDINGS INC	COM	40412C101	1,183	15,642	SH		DFND		15,642	0	0
HUNTINGTON INGALLS INDS INC	COM	446413106	563	3,667	SH		DFND		3,667	0	0
RLJ LODGING TR	COM	74965L101	2,271	107,973	SH		DFND		107,973	0	0
MARATHON PETE CORP	COM	56585A102	1,529	37,664	SH		DFND		37,664	0	0
SUNCOKE ENERGY INC	COM	86722A103	173	21,579	SH		DFND		21,579	0	0
MICHAEL KORS HLDGS LTD	SHS	G60754101	1,279	27,337	SH		DFND		27,337	0	0
SANCHEZ ENERGY CORP	COM	79970Y105	552	62,483	SH		DFND		62,483	0	0
HOMESTREET INC	COM	43785V102	2,045	81,614	SH		DFND		81,614	0	0
SUPERNUS PHARMACEUTICALS INC	COM	868459108	1,496	60,485	SH		DFND		60,485	0	0
FACEBOOK INC	CL A	30303M102	251	1,953	SH		DFND		1,953	0	0
BLUCORA INC	COM	95229100	1,715	153,085	SH		DFND		153,085	0	0
GLOBUS MED INC	CL A	379577208	416	18,417	SH		DFND		18,417	0	0
QUALYS INC	COM	74758T303	1,783	46,685	SH		DFND		46,685	0	0
ABBVIE INC	COM	00287Y109	5,951	94,353	SH		DFND		94,353	0	0
VWR CORP	COM	91843L103	1,054	37,182	SH		DFND		37,182	0	0
QUINTILES TRANSNATIO HLDGS I	COM	74876Y101	1,673	20,633	SH		DFND		20,633	0	0
GLOBAL BRASS & COPPR HLDGS I	COM	37953G103	1,407	48,719	SH		DFND		48,719	0	0
PLY GEM HLDGS INC	COM	72941W100	1,395	104,390	SH		DFND		104,390	0	0
MALLINCKRODT PUB LTD CO	SHS	G5785G107	1,802	25,825	SH		DFND		25,825	0	0
NEWS CORP NEW	CL B	65249B208	1,897	133,392	SH		DFND		133,392	0	0
SPRINT CORP	COM SER 1	85207U105	96	14,418	SH		DFND		14,418	0	0
EMPIRE ST RLTY TR INC	CL A	292104106	3,150	150,379	SH		DFND		150,379	0	0
ESSENT GROUP LTD	COM	G3198U102	2,090	78,547	SH		DFND		78,547	0	0
AMC ENTMT HLDGS INC	CL A COM	00165C104	797	25,650	SH		DFND		25,650	0	0
CONTINENTAL BLDG PRODS INC	COM	211171103	1,286	61,280	SH		DFND		61,280	0	0
ALLY FINL INC	COM	02005N100	1,528	78,486	SH		DFND		78,486	0	0
ALPHABET INC	CAP STK CL C	02079K107	4,173	5,368	SH		DFND		5,368	0	0
RUBICON PROJ INC	COM	78112V102	951	114,797	SH		DFND		114,797	0	0
NAVIENT CORP	COM	63938C108	2,376	164,176	SH		DFND		164,176	0	0
TRINSEO S A	SHS	L9340P101	2,190	38,725	SH		DFND		38,725	0	0
VERITIV CORP	COM	923454102	1,417	28,236	SH		DFND		28,236	0	0
RAYONIER ADVANCED MATLS INC	COM	75508B104	1,047	78,281	SH		DFND		78,281	0	0
CIVITAS SOLUTIONS INC	COM	17887R102	555	30,414	SH		DFND		30,414	0	0
TRAVELPORT WORLDWIDE LTD	SHS	G9019D104	249	16,573	SH		DFND		16,573	0	0
URBAN EDGE PPTYS	COM	91704F104	2,990	106,248	SH		DFND		106,248	0	0
NRG YIELD INC	CL C	62942X405	1,899	111,973	SH		DFND		111,973	0	0
UNIVAR INC	COM	91336L107	287	13,115	SH		DFND		13,115	0	0
CHEMOURS CO	COM	163851108	3,412	213,230	SH		DFND		213,230	0	0
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	861	37,837	SH		DFND		37,837	0	0