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	4,996	4,272	SH		DFND		4,272	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	4,849	79,123	SH		DFND		79,123	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	792	3,997	SH		DFND		3,997	0	0
BEAZER HOMES USA INC	COM NEW	07556Q881	1,072	55,789	SH		DFND		55,789	0	0
BOEING CO	COM	097023105	13,182	44,698	SH		DFND		44,698	0	0
REALOGY HLDGS CORP	COM	75605Y106	1,430	53,961	SH		DFND		53,961	0	0
AMGEN INC	COM	031162100	8,232	47,336	SH		DFND		47,336	0	0
BEST BUY INC	COM	086516101	4,219	61,624	SH		DFND		61,624	0	0
EBAY INC	COM	278642103	4,296	113,844	SH		DFND		113,844	0	0
ALTRIA GROUP INC	COM	02209S103	4,030	56,429	SH		DFND		56,429	0	0
INTEL CORP	COM	458140100	3,805	82,429	SH		DFND		82,429	0	0
ORACLE CORP	COM	68389X105	4,305	91,051	SH		DFND		91,051	0	0
QUALCOMM INC	COM	747525103	1,774	27,711	SH		DFND		27,711	0	0
DISNEY WALT CO	COM DISNEY	254687106	304	2,828	SH		DFND		2,828	0	0
HONEYWELL INTL INC	COM	438516106	1,730	11,281	SH		DFND		11,281	0	0
SYKES ENTERPRISES INC	COM	871237103	1,842	58,585	SH		DFND		58,585	0	0
JOHNSON & JOHNSON	COM	478160104	650	4,654	SH		DFND		4,654	0	0
MEDTRONIC PLC	SHS	G5960L103	204	2,524	SH		DFND		2,524	0	0
PFIZER INC	COM	717081103	5,000	138,054	SH		DFND		138,054	0	0
EXELON CORP	COM	30161N101	2,894	73,421	SH		DFND		73,421	0	0
RITE AID CORP	COM	767754104	25	12,513	SH		DFND		12,513	0	0
JUNIPER NETWORKS INC	COM	48203R104	2,191	76,887	SH		DFND		76,887	0	0
LOWES COS INC	COM	548661107	4,613	49,635	SH		DFND		49,635	0	0
CHEVRON CORP NEW	COM	166764100	5,195	41,501	SH		DFND		41,501	0	0
MICROSOFT CORP	COM	594918104	9,048	105,775	SH		DFND		105,775	0	0
AT&T INC	COM	00206R102	12,261	315,351	SH		DFND		315,351	0	0
PRUDENTIAL FINL INC	COM	744320102	1,803	15,682	SH		DFND		15,682	0	0
CITIGROUP INC	COM NEW	172967424	7,944	106,757	SH		DFND		106,757	0	0
CA INC	COM	12673P105	2,030	61,002	SH		DFND		61,002	0	0
CISCO SYS INC	COM	17275R102	3,417	89,218	SH		DFND		89,218	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	2,437	15,883	SH		DFND		15,883	0	0
COCA COLA CO	COM	191216100	325	7,088	SH		DFND		7,088	0	0
PEPSICO INC	COM	713448108	348	2,906	SH		DFND		2,906	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	4,815	90,961	SH		DFND		90,961	0	0
BANK AMER CORP	COM	060505104	8,907	301,741	SH		DFND		301,741	0	0
EXXON MOBIL CORP	COM	30231G102	4,405	52,664	SH		DFND		52,664	0	0
WAL-MART STORES INC	COM	931142103	8,505	86,128	SH		DFND		86,128	0	0
APPLIED MATLS INC	COM	038222105	3,785	74,049	SH		DFND		74,049	0	0
UNION PAC CORP	COM	907818108	3,919	29,221	SH		DFND		29,221	0	0
TTM TECHNOLOGIES INC	COM	87305R109	1,491	95,161	SH		DFND		95,161	0	0
CARDINAL HEALTH INC	COM	14149Y108	1,148	18,738	SH		DFND		18,738	0	0
TARGET CORP	COM	87612E106	1,813	27,780	SH		DFND		27,780	0	0
MACK CALI RLTY CORP	COM	554489104	323	14,980	SH		DFND		14,980	0	0
CAPITAL ONE FINL CORP	COM	14040H105	4,256	42,740	SH		DFND		42,740	0	0
KOHLS CORP	COM	500255104	1,145	21,114	SH		DFND		21,114	0	0
COSTCO WHSL CORP NEW	COM	22160K105	230	1,237	SH		DFND		1,237	0	0
CVS HEALTH CORP	COM	126650100	4,872	67,200	SH		DFND		67,200	0	0
MCKESSON CORP	COM	58155Q103	3,687	23,643	SH		DFND		23,643	0	0
MERCK & CO INC	COM	58933Y105	240	4,270	SH		DFND		4,270	0	0
MICRON TECHNOLOGY INC	COM	595112103	3,788	92,115	SH		DFND		92,115	0	0
MORGAN STANLEY	COM NEW	617446448	3,955	75,375	SH		DFND		75,375	0	0
ENTERGY CORP NEW	COM	29364G103	1,870	22,979	SH		DFND		22,979	0	0
FIFTH THIRD BANCORP	COM	316773100	3,852	126,950	SH		DFND		126,950	0	0
RADIAN GROUP INC	COM	750236101	1,773	86,025	SH		DFND		86,025	0	0
PROCTER AND GAMBLE CO	COM	742718109	1,222	13,298	SH		DFND		13,298	0	0
GENERAL ELECTRIC CO	COM	369604103	2,531	145,016	SH		DFND		145,016	0	0
KIMBERLY CLARK CORP	COM	494368103	1,196	9,913	SH		DFND		9,913	0	0
GILEAD SCIENCES INC	COM	375558103	6,738	94,058	SH		DFND		94,058	0	0
HOME DEPOT INC	COM	437076102	6,374	33,629	SH		DFND		33,629	0	0
JABIL INC	COM	466313103	4,112	156,642	SH		DFND		156,642	0	0
MCDONALDS CORP	COM	580135101	237	1,376	SH		DFND		1,376	0	0
JPMORGAN CHASE & CO	COM	46625H100	15,256	142,664	SH		DFND		142,664	0	0
WILLIAMS COS INC DEL	COM	969457100	1,236	40,537	SH		DFND		40,537	0	0
WELLS FARGO CO NEW	COM	949746101	3,023	49,821	SH		DFND		49,821	0	0
MGIC INVT CORP WIS	COM	552848103	3,608	255,682	SH		DFND		255,682	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,269	101,570	SH		DFND		101,570	0	0
WEIGHT WATCHERS INTL INC NEW	COM	948626106	1,484	33,506	SH		DFND		33,506	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	3,718	16,866	SH		DFND		16,866	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	1,423	9,975	SH		DFND		9,975	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	206	1,619	SH		DFND		1,619	0	0
FEDERATED INVS INC PA	CL B	314211103	1,955	54,172	SH		DFND		54,172	0	0
3M CO	COM	88579Y101	247	1,050	SH		DFND		1,050	0	0
OMNICOM GROUP INC	COM	681919106	998	13,707	SH		DFND		13,707	0	0
COMCAST CORP NEW	CL A	20030N101	4,204	104,969	SH		DFND		104,969	0	0
OWENS ILL INC	COM NEW	690768403	3,433	154,859	SH		DFND		154,859	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	1,649	83,088	SH		DFND		83,088	0	0
WELLTOWER INC	COM	95040Q104	880	13,798	SH		DFND		13,798	0	0
APPLE INC	COM	037833100	8,276	48,902	SH		DFND		48,902	0	0
LAM RESEARCH CORP	COM	512807108	3,682	20,002	SH		DFND		20,002	0	0
CATERPILLAR INC DEL	COM	149123101	7,703	48,884	SH		DFND		48,884	0	0
AXCELIS TECHNOLOGIES INC	COM NEW	054540208	1,114	38,800	SH		DFND		38,800	0	0
AMKOR TECHNOLOGY INC	COM	031652100	2,022	201,187	SH		DFND		201,187	0	0
CITRIX SYS INC	COM	177376100	4,550	51,704	SH		DFND		51,704	0	0
ZIONS BANCORPORATION	COM	989701107	2,605	51,251	SH		DFND		51,251	0	0
ON SEMICONDUCTOR CORP	COM	682189105	3,835	183,149	SH		DFND		183,149	0	0
CONVERGYS CORP	COM	212485106	1,545	65,750	SH		DFND		65,750	0	0
F5 NETWORKS INC	COM	315616102	2,880	21,949	SH		DFND		21,949	0	0
NETAPP INC	COM	64110D104	3,914	70,758	SH		DFND		70,758	0	0
ROYAL CARIBBEAN CRUISES LTD	COM	V7780T103	1,993	16,709	SH		DFND		16,709	0	0
AES CORP	COM	00130H105	3,449	318,438	SH		DFND		318,438	0	0
BOISE CASCADE CO DEL	COM	09739D100	1,495	37,472	SH		DFND		37,472	0	0
GENERAL MLS INC	COM	370334104	4,869	82,117	SH		DFND		82,117	0	0
BLOCK H & R INC	COM	093671105	1,643	62,651	SH		DFND		62,651	0	0
MURPHY OIL CORP	COM	626717102	1,167	37,595	SH		DFND		37,595	0	0
REGIONS FINL CORP NEW	COM	7591EP100	1,258	72,788	SH		DFND		72,788	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	1,986	49,557	SH		DFND		49,557	0	0
CIT GROUP INC	COM NEW	125581801	3,593	72,988	SH		DFND		72,988	0	0
CENTERPOINT ENERGY INC	COM	15189T107	4,340	153,018	SH		DFND		153,018	0	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	3,995	53,526	SH		DFND		53,526	0	0
HOLLYFRONTIER CORP	COM	436106108	6,435	125,641	SH		DFND		125,641	0	0
PRINCIPAL FINL GROUP INC	COM	74251V102	1,796	25,459	SH		DFND		25,459	0	0
VISHAY INTERTECHNOLOGY INC	COM	928298108	4,664	224,765	SH		DFND		224,765	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	1,395	76,711	SH		DFND		76,711	0	0
DECKERS OUTDOOR CORP	COM	243537107	2,922	36,417	SH		DFND		36,417	0	0
MKS INSTRUMENT INC	COM	55306N104	1,191	12,603	SH		DFND		12,603	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	8,435	91,776	SH		DFND		91,776	0	0
PNM RES INC	COM	69349H107	2,440	60,327	SH		DFND		60,327	0	0
NETFLIX INC	COM	64110L106	3,898	20,308	SH		DFND		20,308	0	0
LANNET INC	COM	516012101	603	26,000	SH		DFND		26,000	0	0
ENPRO INDS INC	COM	29355X107	1,616	17,285	SH		DFND		17,285	0	0
CADENCE DESIGN SYSTEM INC	COM	127387108	415	9,931	SH		DFND		9,931	0	0
PROLOGIS INC	COM	74340W103	1,578	24,457	SH		DFND		24,457	0	0
CNO FINL GROUP INC	COM	12621E103	4,033	163,352	SH		DFND		163,352	0	0
SYNOVUS FINL CORP	COM NEW	87161C501	2,270	47,356	SH		DFND		47,356	0	0
ITT INC	COM	45073V108	393	7,360	SH		DFND		7,360	0	0
MUELLER INDS INC	COM	624756102	2,652	74,850	SH		DFND		74,850	0	0
LOUISIANA PAC CORP	COM	546347105	3,926	149,486	SH		DFND		149,486	0	0
MERITOR INC	COM	59001K100	2,802	119,446	SH		DFND		119,446	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	2,007	13,393	SH		DFND		13,393	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	2,824	148,950	SH		DFND		148,950	0	0
SANDERSON FARMS INC	COM	800013104	4,422	31,863	SH		DFND		31,863	0	0
EATON CORP PLC	SHS	G29183103	2,189	27,705	SH		DFND		27,705	0	0
KB HOME	COM	48666K109	3,194	99,960	SH		DFND		99,960	0	0
ROWAN COMPANIES PLC	SHS CL A	G7665A101	1,145	73,102	SH		DFND		73,102	0	0
COMERICA INC	COM	200340107	2,332	26,859	SH		DFND		26,859	0	0
LAUDER ESTEE COS INC	CL A	518439104	2,950	23,185	SH		DFND		23,185	0	0
LEGG MASON INC	COM	524901105	7,440	177,225	SH		DFND		177,225	0	0
PENN NATL GAMING INC	COM	707569109	3,893	124,257	SH		DFND		124,257	0	0
HARSCO CORP	COM	415864107	1,595	85,532	SH		DFND		85,532	0	0
FIRST INDUSTRIAL REALTY TRUS	COM	32054K103	2,989	94,995	SH		DFND		94,995	0	0
HUMANA INC	COM	444859102	3,200	12,899	SH		DFND		12,899	0	0
ARCBEST CORP	COM	03937C105	839	23,477	SH		DFND		23,477	0	0
LINCOLN NATL CORP IND	COM	534187109	2,414	31,400	SH		DFND		31,400	0	0
M D C HLDGS INC	COM	552676108	1,275	39,992	SH		DFND		39,992	0	0
PULTE GROUP INC	COM	745867101	1,382	41,554	SH		DFND		41,554	0	0
CUMMINS INC	COM	231021106	4,187	23,706	SH		DFND		23,706	0	0
UNUM GROUP	COM	91529Y106	2,073	37,765	SH		DFND		37,765	0	0
METLIFE INC	COM	59156R108	1,762	34,841	SH		DFND		34,841	0	0
MCDERMOTT INTL INC	COM	580037109	962	146,215	SH		DFND		146,215	0	0
TAILORED BRANDS INC	COM	87403A107	1,515	69,391	SH		DFND		69,391	0	0
SCHNITZER STL INDS	CL A	806882106	966	28,845	SH		DFND		28,845	0	0
TOLL BROTHERS INC	COM	889478103	1,452	30,239	SH		DFND		30,239	0	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	4,431	17,480	SH		DFND		17,480	0	0
MDU RES GROUP INC	COM	552690109	2,605	96,894	SH		DFND		96,894	0	0
TYSON FOODS INC	CL A	902494103	3,185	39,292	SH		DFND		39,292	0	0
HAEMONETICS CORP	COM	405024100	2,041	35,140	SH		DFND		35,140	0	0
SHIP FINANCE INTERNATIONAL L	SHS	G81075106	740	47,722	SH		DFND		47,722	0	0
VERINT SYS INC	COM	92343X100	1,371	32,760	SH		DFND		32,760	0	0
ANGIODYNAMICS INC	COM	03475V101	1,446	86,949	SH		DFND		86,949	0	0
ALPHABET INC	CAP STK CL A	02079K305	645	612	SH		DFND		612	0	0
WELLCARE HEALTH PLANS INC	COM	94946T106	3,419	17,003	SH		DFND		17,003	0	0
ASPEN TECHNOLOGY INC	COM	045327103	5,980	90,334	SH		DFND		90,334	0	0
CBRE GROUP INC	CL A	12504L109	1,837	42,413	SH		DFND		42,413	0	0
NU SKIN ENTERPRISES INC	CL A	67018T105	3,751	54,980	SH		DFND		54,980	0	0
LAS VEGAS SANDS CORP	COM	517834107	2,287	32,907	SH		DFND		32,907	0	0
NATIONAL FUEL GAS CO N J	COM	636180101	4,690	85,416	SH		DFND		85,416	0	0
MYRIAD GENETICS INC	COM	62855J104	3,787	110,277	SH		DFND		110,277	0	0
PILGRIMS PRIDE CORP NEW	COM	72147K108	3,375	108,645	SH		DFND		108,645	0	0
MANPOWERGROUP INC	COM	56418H100	1,567	12,426	SH		DFND		12,426	0	0
OSHKOSH CORP	COM	688239201	465	5,113	SH		DFND		5,113	0	0
PERFORMANCE FOOD GROUP CO	COM	71377A103	565	17,082	SH		DFND		17,082	0	0
AMERIPRISE FINL INC	COM	03076C106	2,403	14,178	SH		DFND		14,178	0	0
OTTER TAIL CORP	COM	689648103	803	18,065	SH		DFND		18,065	0	0
BIG LOTS INC	COM	089302103	1,095	19,493	SH		DFND		19,493	0	0
TORCHMARK CORP	COM	891027104	2,380	26,240	SH		DFND		26,240	0	0
TECH DATA CORP	COM	878237106	1,679	17,142	SH		DFND		17,142	0	0
CENTENE CORP DEL	COM	15135B101	2,846	28,211	SH		DFND		28,211	0	0
JONES LANG LASALLE INC	COM	48020Q107	2,859	19,194	SH		DFND		19,194	0	0
MOLINA HEALTHCARE INC	COM	60855R100	1,190	15,521	SH		DFND		15,521	0	0
BOSTON BEER INC	CL A	100557107	1,283	6,715	SH		DFND		6,715	0	0
KELLY SVCS INC	CL A	488152208	1,508	55,311	SH		DFND		55,311	0	0
CONNS INC	COM	208242107	694	19,519	SH		DFND		19,519	0	0
LIGAND PHARMACEUTICALS INC	COM NEW	53220K504	2,015	14,712	SH		DFND		14,712	0	0
BANCORPSOUTH BK TUPELO MISS	COM	05971J102	1,958	62,254	SH		DFND		62,254	0	0
POTLATCH CORP NEW	COM	737630103	3,118	62,478	SH		DFND		62,478	0	0
VSE CORP	COM	918284100	1,284	26,515	SH		DFND		26,515	0	0
HUNTSMAN CORP	COM	447011107	4,102	123,231	SH		DFND		123,231	0	0
LIVE NATION ENTERTAINMENT IN	COM	538034109	3,341	78,476	SH		DFND		78,476	0	0
ENCORE CAP GROUP INC	COM	292554102	285	6,762	SH		DFND		6,762	0	0
FORWARD AIR CORP	COM	349853101	825	14,362	SH		DFND		14,362	0	0
LASALLE HOTEL PPTYS	COM SH BEN INT	517942108	3,208	114,286	SH		DFND		114,286	0	0
MAXIMUS INC	COM	577933104	5,969	83,393	SH		DFND		83,393	0	0
NATIONAL HEALTH INVS INC	COM	63633D104	1,075	14,260	SH		DFND		14,260	0	0
EAST WEST BANCORP INC	COM	27579R104	1,612	26,493	SH		DFND		26,493	0	0
NATIONAL BEVERAGE CORP	COM	635017106	1,351	13,861	SH		DFND		13,861	0	0
INTEGER HLDGS CORP	COM	45826H109	1,583	34,935	SH		DFND		34,935	0	0
COGENT COMMUNICATIONS HLDGS	COM NEW	19239V302	1,012	22,344	SH		DFND		22,344	0	0
NETGEAR INC	COM	64111Q104	1,897	32,295	SH		DFND		32,295	0	0
INNOVIVA INC	COM	45781M101	1,848	130,211	SH		DFND		130,211	0	0
VONAGE HLDGS CORP	COM	92886T201	815	80,089	SH		DFND		80,089	0	0
INSPERITY INC	COM	45778Q107	1,308	22,808	SH		DFND		22,808	0	0
GRAY TELEVISION INC	COM	389375106	595	35,550	SH		DFND		35,550	0	0
SINCLAIR BROADCAST GROUP INC	CL A	829226109	4,099	108,292	SH		DFND		108,292	0	0
INVESCO LTD	SHS	G491BT108	1,353	37,020	SH		DFND		37,020	0	0
MASTERCARD INCORPORATED	CL A	57636Q104	211	1,394	SH		DFND		1,394	0	0
MEDIFAST INC	COM	58470H101	494	7,081	SH		DFND		7,081	0	0
DOLBY LABORATORIES INC	COM	25659T107	1,245	20,079	SH		DFND		20,079	0	0
CORCEPT THERAPEUTICS INC	COM	218352102	1,610	89,121	SH		DFND		89,121	0	0
WYNDHAM WORLDWIDE CORP	COM	98310W108	1,751	15,108	SH		DFND		15,108	0	0
ALAMO GROUP INC	COM	011311107	1,588	14,070	SH		DFND		14,070	0	0
AMERICAN EQTY INVT LIFE HLD	COM	025676206	1,585	51,588	SH		DFND		51,588	0	0
FEDERAL AGRIC MTG CORP	CL C	313148306	1,242	15,868	SH		DFND		15,868	0	0
COPA HOLDINGS SA	CL A	P31076105	5,790	43,190	SH		DFND		43,190	0	0
STIFEL FINL CORP	COM	860630102	3,358	56,382	SH		DFND		56,382	0	0
WESTLAKE CHEM CORP	COM	960413102	1,964	18,440	SH		DFND		18,440	0	0
ACORDA THERAPEUTICS INC	COM	00484M106	1,094	50,992	SH		DFND		50,992	0	0
BANNER CORP	COM NEW	06652V208	1,201	21,780	SH		DFND		21,780	0	0
BUILDERS FIRSTSOURCE INC	COM	12008R107	1,567	71,924	SH		DFND		71,924	0	0
SP PLUS CORP	COM	78469C103	1,354	36,509	SH		DFND		36,509	0	0
KBR INC	COM	48242W106	3,244	163,596	SH		DFND		163,596	0	0
EMERGENT BIOSOLUTIONS INC	COM	29089Q105	4,057	87,313	SH		DFND		87,313	0	0
PS BUSINESS PKS INC CALIF	COM	69360J107	2,927	23,399	SH		DFND		23,399	0	0
WEB COM GROUP INC	COM	94733A104	1,702	78,094	SH		DFND		78,094	0	0
MAGELLAN HEALTH INC	COM NEW	559079207	1,466	15,185	SH		DFND		15,185	0	0
SCHULMAN A INC	COM	808194104	929	24,951	SH		DFND		24,951	0	0
BANK NEW YORK MELLON CORP	COM	064058100	3,685	68,426	SH		DFND		68,426	0	0
SHUTTERFLY INC	COM	82568P304	1,305	26,225	SH		DFND		26,225	0	0
VMWARE INC	CL A COM	928563402	2,271	18,123	SH		DFND		18,123	0	0
TERADATA CORP DEL	COM	88076W103	5,873	152,704	SH		DFND		152,704	0	0
PROVIDENCE SVC CORP	COM	743815102	1,418	23,889	SH		DFND		23,889	0	0
GENOMIC HEALTH INC	COM	37244C101	1,086	31,756	SH		DFND		31,756	0	0
MASIMO CORP	COM	574795100	1,514	17,850	SH		DFND		17,850	0	0
TRUEBLUE INC	COM	89785X101	1,389	50,502	SH		DFND		50,502	0	0
SPARTANNASH CO	COM	847215100	508	19,035	SH		DFND		19,035	0	0
DANA INCORPORATED	COM	235825205	3,518	109,903	SH		DFND		109,903	0	0
CVR ENERGY INC	COM	12662P108	2,563	68,837	SH		DFND		68,837	0	0
VISA INC	COM CL A	92826C839	323	2,835	SH		DFND		2,835	0	0
XPO LOGISTICS INC	COM	983793100	3,617	39,488	SH		DFND		39,488	0	0
RUSH ENTERPRISES INC	CL A	781846209	1,454	28,615	SH		DFND		28,615	0	0
JOHNSON OUTDOORS INC	CL A	479167108	1,094	17,625	SH		DFND		17,625	0	0
MDC PARTNERS INC	CL A SUB VTG	552697104	548	56,191	SH		DFND		56,191	0	0
BGC PARTNERS INC	CL A	05541T101	1,755	116,124	SH		DFND		116,124	0	0
TEXTAINER GROUP HOLDINGS LTD	SHS	G8766E109	1,377	64,060	SH		DFND		64,060	0	0
INVESCO MORTGAGE CAPITAL INC	COM	46131B100	1,138	63,834	SH		DFND		63,834	0	0
FORTINET INC	COM	34959E109	4,634	106,068	SH		DFND		106,068	0	0
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	775	39,506	SH		DFND		39,506	0	0
GENERAC HLDGS INC	COM	368736104	3,152	63,657	SH		DFND		63,657	0	0
HYATT HOTELS CORP	COM CL A	448579102	2,120	28,823	SH		DFND		28,823	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	1,931	17,507	SH		DFND		17,507	0	0
FIRST AMERN FINL CORP	COM	31847R102	2,017	35,986	SH		DFND		35,986	0	0
LEAR CORP	COM NEW	521865204	2,002	11,335	SH		DFND		11,335	0	0
QUAD / GRAPHICS INC	COM CL A	747301109	917	40,583	SH		DFND		40,583	0	0
PRIMERICA INC	COM	74164M108	1,666	16,407	SH		DFND		16,407	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	1,313	35,325	SH		DFND		35,325	0	0
TOWER INTL INC	COM	891826109	1,142	37,386	SH		DFND		37,386	0	0
GENERAL MTRS CO	COM	37045V100	253	6,164	SH		DFND		6,164	0	0
AMC NETWORKS INC	CL A	00164V103	388	7,170	SH		DFND		7,170	0	0
PARK HOTELS RESORTS INC	COM	700517105	1,725	60,017	SH		DFND		60,017	0	0
MARATHON PETE CORP	COM	56585A102	5,834	88,415	SH		DFND		88,415	0	0
MICHAEL KORS HLDGS LTD	SHS	G60754101	536	8,507	SH		DFND		8,507	0	0
YELP INC	CL A	985817105	1,624	38,694	SH		DFND		38,694	0	0
NATIONSTAR MTG HLDGS INC	COM	63861C109	1,512	81,730	SH		DFND		81,730	0	0
ALLISON TRANSMISSION HLDGS I	COM	01973R101	1,531	35,545	SH		DFND		35,545	0	0
PROTO LABS INC	COM	743713109	1,843	17,895	SH		DFND		17,895	0	0
REXNORD CORP NEW	COM	76169B102	3,225	123,947	SH		DFND		123,947	0	0
SUPERNUS PHARMACEUTICALS INC	COM	868459108	1,966	49,345	SH		DFND		49,345	0	0
FACEBOOK INC	CL A	30303M102	4,865	27,568	SH		DFND		27,568	0	0
ENGILITY HLDGS INC NEW	COM	29286C107	1,538	54,215	SH		DFND		54,215	0	0
BLOOMIN BRANDS INC	COM	094235108	1,191	55,808	SH		DFND		55,808	0	0
HYSTER YALE MATLS HANDLING I	CL A	449172105	1,568	18,415	SH		DFND		18,415	0	0
DYNEGY INC NEW DEL	COM	26817R108	1,501	126,698	SH		DFND		126,698	0	0
RH	COM	74967X103	613	7,115	SH		DFND		7,115	0	0
PBF ENERGY INC	CL A	69318G106	1,978	55,791	SH		DFND		55,791	0	0
ABBVIE INC	COM	00287Y109	10,981	113,543	SH		DFND		113,543	0	0
PATTERN ENERGY GROUP INC	CL A	70338P100	1,486	69,150	SH		DFND		69,150	0	0
ESSENT GROUP LTD	COM	G3198U102	2,176	50,119	SH		DFND		50,119	0	0
EXTENDED STAY AMER INC	UNIT 99/99/9999B	30224P200	1,001	52,700	SH		DFND		52,700	0	0
VARONIS SYS INC	COM	922280102	1,666	34,310	SH		DFND		34,310	0	0
ALPHABET INC	CAP STK CL C	02079K107	4,713	4,504	SH		DFND		4,504	0	0
TRINET GROUP INC	COM	896288107	3,310	74,656	SH		DFND		74,656	0	0
OPUS BK IRVINE CALIF	COM	684000102	1,192	43,671	SH		DFND		43,671	0	0
CONCERT PHARMACEUTICALS INC	COM	206022105	718	27,750	SH		DFND		27,750	0	0
TRUPANION INC	COM	898202106	237	8,095	SH		DFND		8,095	0	0
SYNCHRONY FINL	COM	87165B103	484	12,537	SH		DFND		12,537	0	0
TRAVELPORT WORLDWIDE LTD	SHS	G9019D104	1,716	131,313	SH		DFND		131,313	0	0
DIPLOMAT PHARMACY INC	COM	25456K101	1,778	88,574	SH		DFND		88,574	0	0
XENIA HOTELS & RESORTS INC	COM	984017103	4,541	210,330	SH		DFND		210,330	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	1,611	59,084	SH		DFND		59,084	0	0
WESTROCK CO	COM	96145D105	1,571	24,853	SH		DFND		24,853	0	0
EXTERRAN CORP	COM	30227H106	821	26,111	SH		DFND		26,111	0	0
HOULIHAN LOKEY INC	CL A	441593100	917	20,179	SH		DFND		20,179	0	0
SPX FLOW INC	COM	78469X107	1,190	25,024	SH		DFND		25,024	0	0
LANTHEUS HLDGS INC	COM	516544103	1,681	82,184	SH		DFND		82,184	0	0
PINNACLE ENTMT INC NEW	COM	72348Y105	3,509	107,198	SH		DFND		107,198	0	0
INGEVITY CORP	COM	45688C107	3,954	56,107	SH		DFND		56,107	0	0
MEDPACE HLDGS INC	COM	58506Q109	755	20,819	SH		DFND		20,819	0	0
ALCOA CORP	COM	013872106	2,571	47,722	SH		DFND		47,722	0	0
ICHOR HOLDINGS	SHS	G4740B105	1,747	71,002	SH		DFND		71,002	0	0
BIOVERATIV INC	COM	09075E100	1,012	18,763	SH		DFND		18,763	0	0
ATHENE HLDG LTD	CL A	G0684D107	421	8,148	SH		DFND		8,148	0	0
HAMILTON LANE INC	CL A	407497106	1,610	45,484	SH		DFND		45,484	0	0
DOWDUPONT INC	COM	26078J100	261	3,668	SH		DFND		3,668	0	0