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
AMAZON COM INC	COM	023135106	3,081	3,183	SH		DFND		3,183	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	4,390	78,795	SH		DFND		78,795	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	713	4,209	SH		DFND		4,209	0	0
ARCONIC INC	COM	03965L100	1,166	51,476	SH		DFND		51,476	0	0
BOEING CO	COM	097023105	11,068	55,969	SH		DFND		55,969	0	0
REALOGY HLDGS CORP	COM	75605Y106	1,818	56,033	SH		DFND		56,033	0	0
HELMERICH & PAYNE INC	COM	423452101	893	16,437	SH		DFND		16,437	0	0
ONEOK INC NEW	COM	682680103	1,278	24,492	SH		DFND		24,492	0	0
UNITED NAT FOODS INC	COM	911163103	449	12,239	SH		DFND		12,239	0	0
AMGEN INC	COM	031162100	5,785	33,587	SH		DFND		33,587	0	0
BEST BUY INC	COM	086516101	1,531	26,713	SH		DFND		26,713	0	0
DISH NETWORK CORP	CL A	25470M109	2,660	42,385	SH		DFND		42,385	0	0
EBAY INC	COM	278642103	3,802	108,883	SH		DFND		108,883	0	0
ALTRIA GROUP INC	COM	02209S103	4,270	57,341	SH		DFND		57,341	0	0
INTEL CORP	COM	458140100	2,781	82,436	SH		DFND		82,436	0	0
ORACLE CORP	COM	68389X105	376	7,506	SH		DFND		7,506	0	0
QUALCOMM INC	COM	747525103	1,569	28,420	SH		DFND		28,420	0	0
DISNEY WALT CO	COM DISNEY	254687106	296	2,784	SH		DFND		2,784	0	0
HONEYWELL INTL INC	COM	438516106	3,115	23,373	SH		DFND		23,373	0	0
SHERWIN WILLIAMS CO	COM	824348106	908	2,588	SH		DFND		2,588	0	0
US BANCORP DEL	COM NEW	902973304	232	4,461	SH		DFND		4,461	0	0
JOHNSON & JOHNSON	COM	478160104	4,054	30,648	SH		DFND		30,648	0	0
HAIN CELESTIAL GROUP INC	COM	405217100	2,161	55,675	SH		DFND		55,675	0	0
MEDTRONIC PLC	SHS	G5960L103	206	2,319	SH		DFND		2,319	0	0
PFIZER INC	COM	717081103	8,907	265,176	SH		DFND		265,176	0	0
EXELON CORP	COM	30161N101	3,515	97,439	SH		DFND		97,439	0	0
JUNIPER NETWORKS INC	COM	48203R104	2,445	87,711	SH		DFND		87,711	0	0
AMERISOURCEBERGEN CORP	COM	03073e105	2,727	28,852	SH		DFND		28,852	0	0
CHEVRON CORP NEW	COM	166764100	297	2,847	SH		DFND		2,847	0	0
MICROSOFT CORP	COM	594918104	6,594	95,669	SH		DFND		95,669	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	988	8,930	SH		DFND		8,930	0	0
AT&T INC	COM	00206R102	8,850	234,564	SH		DFND		234,564	0	0
PRUDENTIAL FINL INC	COM	744320102	1,830	16,922	SH		DFND		16,922	0	0
NCR CORP NEW	COM	62886e108	2,286	55,965	SH		DFND		55,965	0	0
CITIGROUP INC	COM NEW	172967424	7,579	113,317	SH		DFND		113,317	0	0
CA INC	COM	12673P105	2,168	62,888	SH		DFND		62,888	0	0
CISCO SYS INC	COM	17275R102	2,490	79,546	SH		DFND		79,546	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	2,488	16,170	SH		DFND		16,170	0	0
COCA COLA CO	COM	191216100	313	6,970	SH		DFND		6,970	0	0
PEPSICO INC	COM	713448108	341	2,952	SH		DFND		2,952	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	4,064	91,009	SH		DFND		91,009	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	231	2,944	SH		DFND		2,944	0	0
BANK AMER CORP	COM	060505104	6,863	282,882	SH		DFND		282,882	0	0
EXXON MOBIL CORP	COM	30231G102	2,781	34,450	SH		DFND		34,450	0	0
WAL-MART STORES INC	COM	931142103	6,757	89,278	SH		DFND		89,278	0	0
APPLIED MATLS INC	COM	038222105	2,810	68,014	SH		DFND		68,014	0	0
ANTHEM INC	COM	036752103	564	2,999	SH		DFND		2,999	0	0
TTM TECHNOLOGIES INC	COM	87305R109	2,227	128,264	SH		DFND		128,264	0	0
BED BATH & BEYOND INC	COM	075896100	1,043	34,309	SH		DFND		34,309	0	0
TARGET CORP	COM	87612e106	1,467	28,056	SH		DFND		28,056	0	0
CAPITAL ONE FINL CORP	COM	14040H105	4,479	54,209	SH		DFND		54,209	0	0
KOHLS CORP	COM	500255104	830	21,453	SH		DFND		21,453	0	0
LILLY ELI & CO	COM	532457108	483	5,871	SH		DFND		5,871	0	0
CVS HEALTH CORP	COM	126650100	4,086	50,783	SH		DFND		50,783	0	0
MCKESSON CORP	COM	58155Q103	2,561	15,564	SH		DFND		15,564	0	0
MILLER HERMAN INC	COM	600544100	573	18,856	SH		DFND		18,856	0	0
MERCK & CO INC	COM	58933Y105	331	5,169	SH		DFND		5,169	0	0
MORGAN STANLEY	COM NEW	617446448	3,241	72,728	SH		DFND		72,728	0	0
ENTERGY CORP NEW	COM	29364G103	1,807	23,542	SH		DFND		23,542	0	0
FIFTH THIRD BANCORP	COM	316773100	2,358	90,817	SH		DFND		90,817	0	0
FLOWERS FOODS INC	COM	343498101	1,453	83,939	SH		DFND		83,939	0	0
PROCTER AND GAMBLE CO	COM	742718109	2,288	26,252	SH		DFND		26,252	0	0
GENERAL ELECTRIC CO	COM	369604103	2,711	100,371	SH		DFND		100,371	0	0
KIMBERLY CLARK CORP	COM	494368103	1,304	10,098	SH		DFND		10,098	0	0
GILEAD SCIENCES INC	COM	375558103	3,954	55,860	SH		DFND		55,860	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	730	3,291	SH		DFND		3,291	0	0
HOME DEPOT INC	COM	437076102	2,756	17,968	SH		DFND		17,968	0	0
INGERSOLL-RAND PLC	SHS	G47791101	2,212	24,207	SH		DFND		24,207	0	0
JABIL INC	COM	466313103	2,679	91,767	SH		DFND		91,767	0	0
MCDONALDS CORP	COM	580135101	213	1,390	SH		DFND		1,390	0	0
JPMORGAN CHASE & CO	COM	46625H100	12,895	141,078	SH		DFND		141,078	0	0
HP INC	COM	40434L105	245	14,000	SH		DFND		14,000	0	0
WELLS FARGO CO NEW	COM	949746101	2,599	46,904	SH		DFND		46,904	0	0
CORNING INC	COM	219350105	3,045	101,315	SH		DFND		101,315	0	0
MGIC INVT CORP WIS	COM	552848103	4,293	383,314	SH		DFND		383,314	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,131	101,054	SH		DFND		101,054	0	0
WEIGHT WATCHERS INTL INC NEW	COM	948626106	1,371	41,010	SH		DFND		41,010	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	2,491	13,436	SH		DFND		13,436	0	0
SOUTHWEST AIRLS CO	COM	844741108	2,011	32,356	SH		DFND		32,356	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	1,044	8,549	SH		DFND		8,549	0	0
FEDERATED INVS INC PA	CL B	314211103	1,568	55,500	SH		DFND		55,500	0	0
3M CO	COM	88579Y101	221	1,061	SH		DFND		1,061	0	0
OMNICOM GROUP INC	COM	681919106	1,198	14,451	SH		DFND		14,451	0	0
COMCAST CORP NEW	CL A	20030N101	370	9,494	SH		DFND		9,494	0	0
OWENS ILL INC	COM NEW	690768403	3,777	157,887	SH		DFND		157,887	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	3,276	179,295	SH		DFND		179,295	0	0
WELLTOWER INC	COM	95040Q104	1,087	14,524	SH		DFND		14,524	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	1,310	15,673	SH		DFND		15,673	0	0
CONOCOPHILLIPS	COM	20825C104	2,268	51,584	SH		DFND		51,584	0	0
APPLE INC	COM	037833100	6,181	42,917	SH		DFND		42,917	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	2,351	46,720	SH		DFND		46,720	0	0
ALLSTATE CORP	COM	020002101	1,744	19,724	SH		DFND		19,724	0	0
LAM RESEARCH CORP	COM	512807108	2,529	17,881	SH		DFND		17,881	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	2,713	82,158	SH		DFND		82,158	0	0
OFFICE DEPOT INC	COM	676220106	2,806	497,563	SH		DFND		497,563	0	0
INTL PAPER CO	COM	460146103	1,682	29,712	SH		DFND		29,712	0	0
APPLIED INDL TECHNOLOGIES IN	COM	03820C105	2,269	38,425	SH		DFND		38,425	0	0
AMKOR TECHNOLOGY INC	COM	031652100	3,779	386,748	SH		DFND		386,748	0	0
INTERDIGITAL INC	COM	45867G101	1,381	17,865	SH		DFND		17,865	0	0
LANDSTAR SYS INC	COM	515098101	1,196	13,974	SH		DFND		13,974	0	0
CITRIX SYS INC	COM	177376100	3,571	44,874	SH		DFND		44,874	0	0
ZIONS BANCORPORATION	COM	989701107	4,214	95,974	SH		DFND		95,974	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	2,087	21,747	SH		DFND		21,747	0	0
CONVERGYS CORP	COM	212485106	3,398	142,912	SH		DFND		142,912	0	0
SANMINA CORPORATION	COM	801056102	1,811	47,520	SH		DFND		47,520	0	0
PUBLIC STORAGE	COM	74460D109	1,334	6,399	SH		DFND		6,399	0	0
ROYAL CARIBBEAN CRUISES LTD	COM	V7780T103	1,554	14,223	SH		DFND		14,223	0	0
VERISIGN INC	COM	92343e102	241	2,597	SH		DFND		2,597	0	0
AES CORP	COM	00130H105	507	45,610	SH		DFND		45,610	0	0
AMERICAN EXPRESS CO	COM	025816109	207	2,456	SH		DFND		2,456	0	0
BOISE CASCADE CO DEL	COM	09739D100	1,122	36,896	SH		DFND		36,896	0	0
CIRRUS LOGIC INC	COM	172755100	2,093	33,373	SH		DFND		33,373	0	0
REGIONS FINL CORP NEW	COM	7591EP100	2,415	164,973	SH		DFND		164,973	0	0
UNISYS CORP	COM NEW	909214306	1,639	128,061	SH		DFND		128,061	0	0
AMEREN CORP	COM	023608102	863	15,783	SH		DFND		15,783	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	2,713	65,568	SH		DFND		65,568	0	0
AVISTA CORP	COM	05379B107	4,204	99,016	SH		DFND		99,016	0	0
CENTERPOINT ENERGY INC	COM	15189T107	3,967	144,892	SH		DFND		144,892	0	0
HAWAIIAN ELEC INDUSTRIES	COM	419870100	1,963	60,609	SH		DFND		60,609	0	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	2,709	42,441	SH		DFND		42,441	0	0
E TRADE FINANCIAL CORP	COM NEW	269246401	3,385	89,018	SH		DFND		89,018	0	0
HOLLYFRONTIER CORP	COM	436106108	1,362	49,565	SH		DFND		49,565	0	0
PRINCIPAL FINL GROUP INC	COM	74251V102	1,688	26,351	SH		DFND		26,351	0	0
VISHAY INTERTECHNOLOGY INC	COM	928298108	3,966	238,913	SH		DFND		238,913	0	0
FIRST BANCORP P R	COM NEW	318672706	1,313	226,800	SH		DFND		226,800	0	0
TWENTY FIRST CENTY FOX INC	CL A	90130A101	1,031	36,388	SH		DFND		36,388	0	0
MANHATTAN ASSOCS INC	COM	562750109	2,887	60,076	SH		DFND		60,076	0	0
KLA-TENCOR CORP	COM	482480100	1,735	18,965	SH		DFND		18,965	0	0
DECKERS OUTDOOR CORP	COM	243537107	568	8,320	SH		DFND		8,320	0	0
ANNALY CAP MGMT INC	COM	035710409	914	75,882	SH		DFND		75,882	0	0
EVEREST RE GROUP LTD	COM	G3223R108	1,941	7,624	SH		DFND		7,624	0	0
BUNGE LIMITED	COM	G16962105	3,714	49,779	SH		DFND		49,779	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	6,012	89,113	SH		DFND		89,113	0	0
TORO CO	COM	891092108	773	11,150	SH		DFND		11,150	0	0
ROCKWELL AUTOMATION INC	COM	773903109	662	4,089	SH		DFND		4,089	0	0
RENT A CTR INC NEW	COM	76009N100	483	41,203	SH		DFND		41,203	0	0
PNM RES INC	COM	69349H107	3,374	88,218	SH		DFND		88,218	0	0
PNC FINL SVCS GROUP INC	COM	693475105	531	4,254	SH		DFND		4,254	0	0
CNO FINL GROUP INC	COM	12621e103	1,166	55,847	SH		DFND		55,847	0	0
LKQ CORP	COM	501889208	2,468	74,894	SH		DFND		74,894	0	0
PIPER JAFFRAY COS	COM	724078100	806	13,444	SH		DFND		13,444	0	0
DARDEN RESTAURANTS INC	COM	237194105	648	7,165	SH		DFND		7,165	0	0
AGCO CORP	COM	001084102	356	5,286	SH		DFND		5,286	0	0
MUELLER INDS INC	COM	624756102	2,730	89,653	SH		DFND		89,653	0	0
TIMKEN CO	COM	887389104	439	9,487	SH		DFND		9,487	0	0
LOUISIANA PAC CORP	COM	546347105	3,732	154,809	SH		DFND		154,809	0	0
MERITOR INC	COM	59001K100	1,578	95,031	SH		DFND		95,031	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	1,430	11,099	SH		DFND		11,099	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	1,407	117,115	SH		DFND		117,115	0	0
SANDERSON FARMS INC	COM	800013104	4,597	39,748	SH		DFND		39,748	0	0
EATON CORP PLC	SHS	G29183103	2,060	26,472	SH		DFND		26,472	0	0
TESORO CORP	COM	881609101	4,437	47,406	SH		DFND		47,406	0	0
KB HOME	COM	48666K109	1,274	53,152	SH		DFND		53,152	0	0
UNITED RENTALS INC	COM	911363109	1,058	9,384	SH		DFND		9,384	0	0
ROWAN COMPANIES PLC	SHS CL A	G7665A101	1,356	132,387	SH		DFND		132,387	0	0
ASSOCIATED BANC CORP	COM	045487105	497	19,712	SH		DFND		19,712	0	0
COMERICA INC	COM	200340107	2,209	30,166	SH		DFND		30,166	0	0
DONALDSON INC	COM	257651109	1,602	35,188	SH		DFND		35,188	0	0
LEGG MASON INC	COM	524901105	6,004	157,340	SH		DFND		157,340	0	0
PENN NATL GAMING INC	COM	707569109	3,116	145,603	SH		DFND		145,603	0	0
KRONOS WORLDWIDE INC	COM	50105F105	1,391	76,362	SH		DFND		76,362	0	0
HARSCO CORP	COM	415864107	1,290	80,134	SH		DFND		80,134	0	0
HUMANA INC	COM	444859102	2,196	9,127	SH		DFND		9,127	0	0
LINCOLN NATL CORP IND	COM	534187109	1,907	28,218	SH		DFND		28,218	0	0
M D C HLDGS INC	COM	552676108	2,834	80,210	SH		DFND		80,210	0	0
OWENS & MINOR INC NEW	COM	690732102	1,038	32,238	SH		DFND		32,238	0	0
STEEL DYNAMICS INC	COM	858119100	859	23,976	SH		DFND		23,976	0	0
PULTE GROUP INC	COM	745867101	1,266	51,602	SH		DFND		51,602	0	0
CUMMINS INC	COM	231021106	1,725	10,632	SH		DFND		10,632	0	0
WHIRLPOOL CORP	COM	963320106	400	2,086	SH		DFND		2,086	0	0
FRANKLIN RES INC	COM	354613101	378	8,444	SH		DFND		8,444	0	0
METLIFE INC	COM	59156R108	2,051	37,334	SH		DFND		37,334	0	0
MCDERMOTT INTL INC	COM	580037109	3,901	544,017	SH		DFND		544,017	0	0
TOLL BROTHERS INC	COM	889478103	494	12,502	SH		DFND		12,502	0	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	3,561	13,872	SH		DFND		13,872	0	0
BRUNSWICK CORP	COM	117043109	1,297	20,680	SH		DFND		20,680	0	0
TYSON FOODS INC	CL A	902494103	3,706	59,180	SH		DFND		59,180	0	0
COMMUNITY HEALTH SYS INC NEW	COM	203668108	210	21,111	SH		DFND		21,111	0	0
HAEMONETICS CORP	COM	405024100	1,382	34,990	SH		DFND		34,990	0	0
NAVIGANT CONSULTING INC	COM	63935N107	703	35,560	SH		DFND		35,560	0	0
CARDIOVASCULAR SYS INC DEL	COM	141619106	1,305	40,480	SH		DFND		40,480	0	0
ANGIODYNAMICS INC	COM	03475V101	1,582	97,620	SH		DFND		97,620	0	0
DAVITA INC	COM	23918K108	1,737	26,819	SH		DFND		26,819	0	0
ALPHABET INC	CAP STK CL A	02079K305	3,920	4,217	SH		DFND		4,217	0	0
WELLCARE HEALTH PLANS INC	COM	94946T106	2,489	13,863	SH		DFND		13,863	0	0
ASPEN TECHNOLOGY INC	COM	045327103	4,225	76,459	SH		DFND		76,459	0	0
DEAN FOODS CO NEW	COM NEW	242370203	4,597	270,435	SH		DFND		270,435	0	0
DOMINOS PIZZA INC	COM	25754A201	1,735	8,202	SH		DFND		8,202	0	0
QUALITY SYS INC	COM	747582104	1,578	91,712	SH		DFND		91,712	0	0
AK STL HLDG CORP	COM	001547108	1,750	266,363	SH		DFND		266,363	0	0
NU SKIN ENTERPRISES INC	CL A	67018T105	3,611	57,468	SH		DFND		57,468	0	0
LAS VEGAS SANDS CORP	COM	517834107	1,748	27,358	SH		DFND		27,358	0	0
NATIONAL FUEL GAS CO N J	COM	636180101	1,936	34,665	SH		DFND		34,665	0	0
MYRIAD GENETICS INC	COM	62855J104	1,544	59,770	SH		DFND		59,770	0	0
MANPOWERGROUP INC	COM	56418H100	1,436	12,860	SH		DFND		12,860	0	0
DISCOVERY COMMUNICATNS NEW	COM SER A	25470F104	3,768	145,895	SH		DFND		145,895	0	0
WORLD FUEL SVCS CORP	COM	981475106	2,112	54,936	SH		DFND		54,936	0	0
OSHKOSH CORP	COM	688239201	918	13,322	SH		DFND		13,322	0	0
AMERIPRISE FINL INC	COM	03076C106	1,562	12,275	SH		DFND		12,275	0	0
BIG LOTS INC	COM	089302103	1,325	27,432	SH		DFND		27,432	0	0
CORECIVIC INC	COM	21871N101	288	10,460	SH		DFND		10,460	0	0
WOLVERINE WORLD WIDE INC	COM	978097103	462	16,489	SH		DFND		16,489	0	0
MACQUARIE INFRASTRUCTURE COR	COM	55608B105	747	9,534	SH		DFND		9,534	0	0
UNITED STATES CELLULAR CORP	COM	911684108	801	20,915	SH		DFND		20,915	0	0
GROUP 1 AUTOMOTIVE INC	COM	398905109	694	10,962	SH		DFND		10,962	0	0
TECH DATA CORP	COM	878237106	4,030	39,903	SH		DFND		39,903	0	0
TENNECO INC	COM	880349105	916	15,842	SH		DFND		15,842	0	0
WABASH NATL CORP	COM	929566107	1,340	60,942	SH		DFND		60,942	0	0
MOLINA HEALTHCARE INC	COM	60855R100	1,993	28,812	SH		DFND		28,812	0	0
ON ASSIGNMENT INC	COM	682159108	1,029	19,000	SH		DFND		19,000	0	0
KELLY SVCS INC	CL A	488152208	1,534	68,320	SH		DFND		68,320	0	0
CONNS INC	COM	208242107	552	28,875	SH		DFND		28,875	0	0
MOMENTA PHARMACEUTICALS INC	COM	60877T100	655	38,738	SH		DFND		38,738	0	0
HUNTSMAN CORP	COM	447011107	2,405	93,066	SH		DFND		93,066	0	0
WEBSTER FINL CORP CONN	COM	947890109	2,460	47,101	SH		DFND		47,101	0	0
BROOKS AUTOMATION INC	COM	114340102	1,007	46,446	SH		DFND		46,446	0	0
UNITED CONTL HLDGS INC	COM	910047109	1,764	23,447	SH		DFND		23,447	0	0
DXP ENTERPRISES INC NEW	COM NEW	233377407	1,180	34,195	SH		DFND		34,195	0	0
KOPPERS HOLDINGS INC	COM	50060P106	782	21,630	SH		DFND		21,630	0	0
LASALLE HOTEL PPTYS	COM SH BEN INT	517942108	4,503	151,106	SH		DFND		151,106	0	0
MAXIMUS INC	COM	577933104	1,605	25,631	SH		DFND		25,631	0	0
EAST WEST BANCORP INC	COM	27579R104	4,109	70,150	SH		DFND		70,150	0	0
MASTEC INC	COM	576323109	2,884	63,876	SH		DFND		63,876	0	0
REX AMERICAN RESOURCES CORP	COM	761624105	968	10,028	SH		DFND		10,028	0	0
MOOG INC	CL A	615394202	2,674	37,281	SH		DFND		37,281	0	0
UNITED THERAPEUTICS CORP DEL	COM	91307C102	2,235	17,230	SH		DFND		17,230	0	0
COGENT COMMUNICATIONS HLDGS	COM NEW	19239V302	847	21,113	SH		DFND		21,113	0	0
IROBOT CORP	COM	462726100	1,908	22,680	SH		DFND		22,680	0	0
INNOVIVA INC	COM	45781M101	1,493	116,666	SH		DFND		116,666	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	1,079	32,811	SH		DFND		32,811	0	0
INVESCO LTD	SHS	G491BT108	1,862	52,916	SH		DFND		52,916	0	0
PAREXEL INTL CORP	COM	699462107	2,097	24,134	SH		DFND		24,134	0	0
AARONS INC	COM PAR $0.50	002535300	3,544	91,096	SH		DFND		91,096	0	0
WORLD ACCEP CORP DEL	COM	981419104	286	3,815	SH		DFND		3,815	0	0
KIMBALL INTL INC	CL B	494274103	1,274	76,324	SH		DFND		76,324	0	0
CORCEPT THERAPEUTICS INC	COM	218352102	1,313	111,231	SH		DFND		111,231	0	0
WYNDHAM WORLDWIDE CORP	COM	98310W108	1,578	15,713	SH		DFND		15,713	0	0
SOTHEBYS	COM	835898107	1,257	23,420	SH		DFND		23,420	0	0
AMERICAN EQTY INVT LIFE HLD	COM	025676206	429	16,328	SH		DFND		16,328	0	0
FEDERAL AGRIC MTG CORP	CL C	313148306	884	13,659	SH		DFND		13,659	0	0
SEACOR HOLDINGS INC	COM	811904101	466	13,575	SH		DFND		13,575	0	0
ASSURED GUARANTY LTD	COM	G0585R106	1,503	36,006	SH		DFND		36,006	0	0
COPA HOLDINGS SA	CL A	P31076105	3,223	27,547	SH		DFND		27,547	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	2,922	266,818	SH		DFND		266,818	0	0
DIGITAL RLTY TR INC	COM	253868103	699	6,185	SH		DFND		6,185	0	0
EVERCORE PARTNERS INC	CLASS A	29977A105	4,641	65,834	SH		DFND		65,834	0	0
REGAL ENTMT GROUP	CL A	758766109	2,603	127,234	SH		DFND		127,234	0	0
SUNSTONE HOTEL INVS INC NEW	COM	867892101	191	11,855	SH		DFND		11,855	0	0
ULTRA CLEAN HLDGS INC	COM	90385V107	1,482	79,016	SH		DFND		79,016	0	0
ARGAN INC	COM	04010e109	1,398	23,300	SH		DFND		23,300	0	0
CATHAY GEN BANCORP	COM	149150104	1,963	51,717	SH		DFND		51,717	0	0
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	1,677	90,585	SH		DFND		90,585	0	0
GREEN PLAINS INC	COM	393222104	394	19,161	SH		DFND		19,161	0	0
PS BUSINESS PKS INC CALIF	COM	69360J107	605	4,573	SH		DFND		4,573	0	0
WEB COM GROUP INC	COM	94733A104	1,504	59,432	SH		DFND		59,432	0	0
AECOM	COM	00766T100	294	9,081	SH		DFND		9,081	0	0
VMWARE INC	CL A COM	928563402	1,838	21,025	SH		DFND		21,025	0	0
KMG CHEMICALS INC	COM	482564101	699	14,363	SH		DFND		14,363	0	0
TERADATA CORP DEL	COM	88076W103	5,116	173,470	SH		DFND		173,470	0	0
CENTRAL GARDEN & PET CO	CL A NON-VTG	153527205	415	13,811	SH		DFND		13,811	0	0
TRANSOCEAN LTD	REG SHS	H8817H100	306	37,137	SH		DFND		37,137	0	0
CALPINE CORP	COM NEW	131347304	1,285	94,953	SH		DFND		94,953	0	0
GENOMIC HEALTH INC	COM	37244C101	1,129	34,670	SH		DFND		34,670	0	0
MASIMO CORP	COM	574795100	4,178	45,824	SH		DFND		45,824	0	0
SPARTANNASH CO	COM	847215100	459	17,672	SH		DFND		17,672	0	0
DANA INCORPORATED	COM	235825205	3,199	143,243	SH		DFND		143,243	0	0
CVR ENERGY INC	COM	12662P108	1,856	85,278	SH		DFND		85,278	0	0
FIRST MERCHANTS CORP	COM	320817109	1,449	36,089	SH		DFND		36,089	0	0
VISA INC	COM CL A	92826C839	261	2,781	SH		DFND		2,781	0	0
HAWAIIAN HOLDINGS INC	COM	419879101	389	8,277	SH		DFND		8,277	0	0
XPO LOGISTICS INC	COM	983793100	407	6,303	SH		DFND		6,303	0	0
PREFERRED BK LOS ANGELES CA	COM NEW	740367404	454	8,493	SH		DFND		8,493	0	0
RUSH ENTERPRISES INC	CL A	781846209	1,292	34,761	SH		DFND		34,761	0	0
MIMEDX GROUP INC	COM	602496101	754	50,390	SH		DFND		50,390	0	0
COMMVAULT SYSTEMS INC	COM	204166102	1,974	34,969	SH		DFND		34,969	0	0
PACWEST BANCORP DEL	COM	695263103	1,124	24,071	SH		DFND		24,071	0	0
FORTINET INC	COM	34959e109	3,006	80,290	SH		DFND		80,290	0	0
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	396	18,793	SH		DFND		18,793	0	0
HYATT HOTELS CORP	COM CL A	448579102	3,178	56,540	SH		DFND		56,540	0	0
CHATHAM LODGING TR	COM	16208T102	1,258	62,630	SH		DFND		62,630	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	908	10,755	SH		DFND		10,755	0	0
FIRST AMERN FINL CORP	COM	31847R102	1,744	39,030	SH		DFND		39,030	0	0
LEAR CORP	COM NEW	521865204	1,750	12,319	SH		DFND		12,319	0	0
QUAD / GRAPHICS INC	COM CL A	747301109	1,965	85,740	SH		DFND		85,740	0	0
PRIMERICA INC	COM	74164M108	2,351	31,041	SH		DFND		31,041	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	1,514	46,963	SH		DFND		46,963	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	3,674	152,462	SH		DFND		152,462	0	0
GENERAL MTRS CO	COM	37045V100	256	7,339	SH		DFND		7,339	0	0
SUMMIT HOTEL PPTYS	COM	866082100	1,576	84,498	SH		DFND		84,498	0	0
RPX CORP	COM	74972G103	682	48,886	SH		DFND		48,886	0	0
RLJ LODGING TR	COM	74965L101	3,522	177,248	SH		DFND		177,248	0	0
AMC NETWORKS INC	CL A	00164V103	245	4,589	SH		DFND		4,589	0	0
PARK HOTELS RESORTS INC	COM	700517105	992	36,788	SH		DFND		36,788	0	0
MARATHON PETE CORP	COM	56585A102	2,611	49,897	SH		DFND		49,897	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	1,225	68,490	SH		DFND		68,490	0	0
ALLISON TRANSMISSION HLDGS I	COM	01973R101	1,228	32,738	SH		DFND		32,738	0	0
SUPERNUS PHARMACEUTICALS INC	COM	868459108	1,959	45,441	SH		DFND		45,441	0	0
CUSTOMERS BANCORP INC	COM	23204G100	1,013	35,818	SH		DFND		35,818	0	0
FACEBOOK INC	CL A	30303M102	428	2,838	SH		DFND		2,838	0	0
MRC GLOBAL INC	COM	55345K103	466	28,231	SH		DFND		28,231	0	0
PBF ENERGY INC	CL A	69318G106	2,530	113,665	SH		DFND		113,665	0	0
ABBVIE INC	COM	00287Y109	7,272	100,295	SH		DFND		100,295	0	0
TAYLOR MORRISON HOME CORP	CL A	87724P106	1,085	45,185	SH		DFND		45,185	0	0
T MOBILE US INC	COM	872590104	2,830	46,689	SH		DFND		46,689	0	0
PLY GEM HLDGS INC	COM	72941W100	1,067	59,424	SH		DFND		59,424	0	0
SPRINT CORP	COM SER 1	85207U105	118	14,418	SH		DFND		14,418	0	0
PATTERN ENERGY GROUP INC	CL A	70338P100	882	36,985	SH		DFND		36,985	0	0
SCIENCE APPLICATNS INTL CP N	COM	808625107	4,570	65,838	SH		DFND		65,838	0	0
ESSENT GROUP LTD	COM	G3198U102	2,817	75,851	SH		DFND		75,851	0	0
GRAHAM HLDGS CO	COM	384637104	1,277	2,130	SH		DFND		2,130	0	0
EAGLE PHARMACEUTICALS INC	COM	269796108	1,180	14,962	SH		DFND		14,962	0	0
ALPHABET INC	CAP STK CL C	02079K107	3,806	4,188	SH		DFND		4,188	0	0
TRINET GROUP INC	COM	896288107	2,448	74,767	SH		DFND		74,767	0	0
LA QUINTA HLDGS INC	COM	50420D108	1,721	116,512	SH		DFND		116,512	0	0
PHIBRO ANIMAL HEALTH CORP	CL A COM	71742Q106	463	12,487	SH		DFND		12,487	0	0
WASHINGTON PRIME GROUP NEW	COM	93964W108	1,174	140,279	SH		DFND		140,279	0	0
TRINSEO S A	SHS	L9340P101	1,936	28,187	SH		DFND		28,187	0	0
CITIZENS FINL GROUP INC	COM	174610105	1,176	32,973	SH		DFND		32,973	0	0
TRAVELPORT WORLDWIDE LTD	SHS	G9019D104	5,009	363,993	SH		DFND		363,993	0	0
HALYARD HEALTH INC	COM	40650V100	1,438	36,606	SH		DFND		36,606	0	0
PRA HEALTH SCIENCES INC	COM	69354M108	2,314	30,843	SH		DFND		30,843	0	0
KLX INC	COM	482539103	449	8,970	SH		DFND		8,970	0	0
XENIA HOTELS & RESORTS INC	COM	984017103	1,576	81,376	SH		DFND		81,376	0	0
GODADDY INC	CL A	380237107	439	10,342	SH		DFND		10,342	0	0
ENERGIZER HLDGS INC NEW	COM	29272W109	2,613	54,411	SH		DFND		54,411	0	0
CHEMOURS CO	COM	163851108	1,571	41,426	SH		DFND		41,426	0	0
EXTERRAN CORP	COM	30227H106	406	15,220	SH		DFND		15,220	0	0
HOULIHAN LOKEY INC	CL A	441593100	678	19,425	SH		DFND		19,425	0	0
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	1,343	80,953	SH		DFND		80,953	0	0
LANTHEUS HLDGS INC	COM	516544103	800	45,315	SH		DFND		45,315	0	0
ATKORE INTL GROUP INC	COM	047649108	1,379	61,137	SH		DFND		61,137	0	0
TRITON INTL LTD	CL A	G9078F107	2,869	85,790	SH		DFND		85,790	0	0
XL GROUP LTD	COM	G98294104	1,720	39,278	SH		DFND		39,278	0	0
MEDPACE HLDGS INC	COM	58506Q109	634	21,879	SH		DFND		21,879	0	0
LIBERTY EXPEDIA HOLDINGS	SER A COM	53046P109	3,170	58,679	SH		DFND		58,679	0	0
LIBERTY INTERACTIVE CORP	LBT VEN COM A NE	53071M856	1,174	22,446	SH		DFND		22,446	0	0
BIOVERATIV INC	COM	09075e100	932	15,491	SH		DFND		15,491	0	0
CARS COM INC	COM	14575e105	740	27,786	SH		DFND		27,786	0	0