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
ADOBE SYS INC	COM	00724F101	714	2,927	SH		DFND		2,927	0	0
AMAZON COM INC	COM	023135106	4,897	2,881	SH		DFND		2,881	0	0
BLACK HILLS CORP	COM	092113109	1,274	20,820	SH		DFND		20,820	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	812	4,350	SH		DFND		4,350	0	0
BOEING CO	COM	097023105	12,054	35,928	SH		DFND		35,928	0	0
REALOGY HLDGS CORP	COM	75605Y106	1,629	71,441	SH		DFND		71,441	0	0
UNITED NAT FOODS INC	COM	911163103	407	9,547	SH		DFND		9,547	0	0
AMGEN INC	COM	031162100	9,130	49,459	SH		DFND		49,459	0	0
ABBOTT LABS	COM	002824100	201	3,301	SH		DFND		3,301	0	0
BEST BUY INC	COM	086516101	2,559	34,310	SH		DFND		34,310	0	0
ALTRIA GROUP INC	COM	02209S103	3,677	64,743	SH		DFND		64,743	0	0
GRAINGER W W INC	COM	384802104	4,484	14,538	SH		DFND		14,538	0	0
INTEL CORP	COM	458140100	8,129	163,538	SH		DFND		163,538	0	0
ORACLE CORP	COM	68389X105	1,059	24,035	SH		DFND		24,035	0	0
QUALCOMM INC	COM	747525103	1,571	27,993	SH		DFND		27,993	0	0
DISNEY WALT CO	COM DISNEY	254687106	3,942	37,608	SH		DFND		37,608	0	0
HONEYWELL INTL INC	COM	438516106	216	1,499	SH		DFND		1,499	0	0
JOHNSON & JOHNSON	COM	478160104	591	4,872	SH		DFND		4,872	0	0
MEDTRONIC PLC	SHS	G5960L103	235	2,742	SH		DFND		2,742	0	0
PFIZER INC	COM	717081103	11,801	325,271	SH		DFND		325,271	0	0
EXELON CORP	COM	30161N101	4,809	112,883	SH		DFND		112,883	0	0
RITE AID CORP	COM	767754104	22	12,513	SH		DFND		12,513	0	0
KROGER CO	COM	501044101	200	7,021	SH		DFND		7,021	0	0
LOWES COS INC	COM	548661107	244	2,558	SH		DFND		2,558	0	0
CHEVRON CORP NEW	COM	166764100	5,907	46,719	SH		DFND		46,719	0	0
MICROSOFT CORP	COM	594918104	10,496	106,442	SH		DFND		106,442	0	0
AT&T INC	COM	00206R102	11,090	345,371	SH		DFND		345,371	0	0
PRUDENTIAL FINL INC	COM	744320102	4,064	43,460	SH		DFND		43,460	0	0
BB&T CORP	COM	054937107	2,115	41,923	SH		DFND		41,923	0	0
CITIGROUP INC	COM NEW	172967424	7,948	118,775	SH		DFND		118,775	0	0
CA INC	COM	12673P105	6,609	185,387	SH		DFND		185,387	0	0
CISCO SYS INC	COM	17275R102	6,390	148,500	SH		DFND		148,500	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	7,307	52,304	SH		DFND		52,304	0	0
COCA COLA CO	COM	191216100	342	7,794	SH		DFND		7,794	0	0
PEPSICO INC	COM	713448108	306	2,807	SH		DFND		2,807	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	4,763	94,666	SH		DFND		94,666	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	579	9,649	SH		DFND		9,649	0	0
BANK AMER CORP	COM	060505104	7,699	273,125	SH		DFND		273,125	0	0
EXXON MOBIL CORP	COM	30231G102	2,920	35,295	SH		DFND		35,295	0	0
WALMART INC	COM	931142103	6,841	79,869	SH		DFND		79,869	0	0
ANTHEM INC	COM	036752103	216	907	SH		DFND		907	0	0
UNION PAC CORP	COM	907818108	1,483	10,468	SH		DFND		10,468	0	0
TEXAS INSTRS INC	COM	882508104	212	1,918	SH		DFND		1,918	0	0
CARDINAL HEALTH INC	COM	14149Y108	1,200	24,577	SH		DFND		24,577	0	0
TARGET CORP	COM	87612E106	2,127	27,949	SH		DFND		27,949	0	0
CULLEN FROST BANKERS INC	COM	229899109	521	4,815	SH		DFND		4,815	0	0
MACK CALI RLTY CORP	COM	554489104	1,928	95,083	SH		DFND		95,083	0	0
CAPITAL ONE FINL CORP	COM	14040H105	3,981	43,316	SH		DFND		43,316	0	0
KOHLS CORP	COM	500255104	5,457	74,853	SH		DFND		74,853	0	0
COSTCO WHSL CORP NEW	COM	22160K105	271	1,296	SH		DFND		1,296	0	0
LILLY ELI & CO	COM	532457108	4,154	48,686	SH		DFND		48,686	0	0
CVS HEALTH CORP	COM	126650100	3,034	47,146	SH		DFND		47,146	0	0
DANAHER CORP DEL	COM	235851102	1,058	10,718	SH		DFND		10,718	0	0
MERCK & CO INC	COM	58933Y105	340	5,600	SH		DFND		5,600	0	0
MICRON TECHNOLOGY INC	COM	595112103	4,406	84,018	SH		DFND		84,018	0	0
MORGAN STANLEY	COM NEW	617446448	5,360	113,088	SH		DFND		113,088	0	0
NCI BUILDING SYS INC	COM NEW	628852204	1,077	51,264	SH		DFND		51,264	0	0
ENTERGY CORP NEW	COM	29364G103	3,870	47,906	SH		DFND		47,906	0	0
FIFTH THIRD BANCORP	COM	316773100	5,218	181,807	SH		DFND		181,807	0	0
PROCTER AND GAMBLE CO	COM	742718109	1,601	20,505	SH		DFND		20,505	0	0
GENERAL ELECTRIC CO	COM	369604103	225	16,496	SH		DFND		16,496	0	0
KIMBERLY CLARK CORP	COM	494368103	1,070	10,153	SH		DFND		10,153	0	0
GILEAD SCIENCES INC	COM	375558103	1,341	18,926	SH		DFND		18,926	0	0
HOME DEPOT INC	COM	437076102	5,706	29,244	SH		DFND		29,244	0	0
INGERSOLL-RAND PLC	SHS	G47791101	2,014	22,442	SH		DFND		22,442	0	0
JABIL INC	COM	466313103	914	33,032	SH		DFND		33,032	0	0
MCDONALDS CORP	COM	580135101	233	1,488	SH		DFND		1,488	0	0
NIKE INC	CL B	654106103	224	2,808	SH		DFND		2,808	0	0
JPMORGAN CHASE & CO	COM	46625H100	10,686	102,550	SH		DFND		102,550	0	0
WELLS FARGO CO NEW	COM	949746101	4,567	82,375	SH		DFND		82,375	0	0
PROGRESSIVE CORP OHIO	COM	743315103	2,703	45,698	SH		DFND		45,698	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	3,212	290,114	SH		DFND		290,114	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	4,355	17,753	SH		DFND		17,753	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	214	1,310	SH		DFND		1,310	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	1,456	10,102	SH		DFND		10,102	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	215	1,721	SH		DFND		1,721	0	0
FEDERATED INVS INC PA	CL B	314211103	2,581	110,697	SH		DFND		110,697	0	0
INTUIT	COM	461202103	4,077	19,954	SH		DFND		19,954	0	0
3M CO	COM	88579Y101	207	1,053	SH		DFND		1,053	0	0
OMNICOM GROUP INC	COM	681919106	4,154	54,465	SH		DFND		54,465	0	0
COMCAST CORP NEW	CL A	20030N101	256	7,807	SH		DFND		7,807	0	0
BRINKER INTL INC	COM	109641100	3,396	71,350	SH		DFND		71,350	0	0
SMUCKER J M CO	COM NEW	832696405	876	8,147	SH		DFND		8,147	0	0
PENNEY J C INC	COM	708160106	25	10,878	SH		DFND		10,878	0	0
NORFOLK SOUTHERN CORP	COM	655844108	1,270	8,420	SH		DFND		8,420	0	0
ISTAR INC	COM	45031U101	845	78,355	SH		DFND		78,355	0	0
CONOCOPHILLIPS	COM	20825C104	4,112	59,058	SH		DFND		59,058	0	0
APPLE INC	COM	037833100	10,201	55,106	SH		DFND		55,106	0	0
CATERPILLAR INC DEL	COM	149123101	6,561	48,357	SH		DFND		48,357	0	0
GENESEE & WYO INC	CL A	371559105	3,610	44,388	SH		DFND		44,388	0	0
INTERDIGITAL INC	COM	45867G101	445	5,498	SH		DFND		5,498	0	0
CITRIX SYS INC	COM	177376100	4,865	46,405	SH		DFND		46,405	0	0
ZIONS BANCORPORATION	COM	989701107	2,474	46,948	SH		DFND		46,948	0	0
ON SEMICONDUCTOR CORP	COM	682189105	3,969	178,489	SH		DFND		178,489	0	0
CONVERGYS CORP	COM	212485106	850	34,793	SH		DFND		34,793	0	0
F5 NETWORKS INC	COM	315616102	3,889	22,552	SH		DFND		22,552	0	0
NETAPP INC	COM	64110D104	4,675	59,536	SH		DFND		59,536	0	0
AES CORP	COM	00130H105	4,706	350,923	SH		DFND		350,923	0	0
AMERICAN EXPRESS CO	COM	025816109	202	2,065	SH		DFND		2,065	0	0
BOISE CASCADE CO DEL	COM	09739D100	882	19,736	SH		DFND		19,736	0	0
GENERAL MLS INC	COM	370334104	5,044	113,970	SH		DFND		113,970	0	0
BLOCK H & R INC	COM	093671105	492	21,601	SH		DFND		21,601	0	0
MURPHY OIL CORP	COM	626717102	925	27,403	SH		DFND		27,403	0	0
REGIONS FINL CORP NEW	COM	7591EP100	3,528	198,415	SH		DFND		198,415	0	0
UNISYS CORP	COM NEW	909214306	1,380	106,989	SH		DFND		106,989	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	4,640	101,243	SH		DFND		101,243	0	0
CENTERPOINT ENERGY INC	COM	15189T107	5,061	182,627	SH		DFND		182,627	0	0
RALPH LAUREN CORP	CL A	751212101	856	6,805	SH		DFND		6,805	0	0
HOLLYFRONTIER CORP	COM	436106108	5,904	86,282	SH		DFND		86,282	0	0
PRINCIPAL FINL GROUP INC	COM	74251V102	982	18,537	SH		DFND		18,537	0	0
TENET HEALTHCARE CORP	COM NEW	88033G407	4,875	145,227	SH		DFND		145,227	0	0
VISHAY INTERTECHNOLOGY INC	COM	928298108	1,043	44,950	SH		DFND		44,950	0	0
ALLERGAN PLC	SHS	G0177J108	1,086	6,515	SH		DFND		6,515	0	0
FIRST BANCORP P R	COM NEW	318672706	765	100,001	SH		DFND		100,001	0	0
MANHATTAN ASSOCS INC	COM	562750109	1,390	29,562	SH		DFND		29,562	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	780	46,184	SH		DFND		46,184	0	0
DECKERS OUTDOOR CORP	COM	243537107	2,824	25,018	SH		DFND		25,018	0	0
MKS INSTRUMENT INC	COM	55306N104	871	9,098	SH		DFND		9,098	0	0
WESTERN DIGITAL CORP	COM	958102105	1,014	13,095	SH		DFND		13,095	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	8,042	72,562	SH		DFND		72,562	0	0
NETFLIX INC	COM	64110L106	3,751	9,582	SH		DFND		9,582	0	0
CME GROUP INC	COM CL A	12572Q105	1,050	6,404	SH		DFND		6,404	0	0
PROLOGIS INC	COM	74340W103	3,201	48,731	SH		DFND		48,731	0	0
BIOGEN INC	COM	09062X103	3,379	11,642	SH		DFND		11,642	0	0
SUNTRUST BKS INC	COM	867914103	2,016	30,533	SH		DFND		30,533	0	0
AGCO CORP	COM	001084102	207	3,407	SH		DFND		3,407	0	0
LOUISIANA PAC CORP	COM	546347105	915	33,627	SH		DFND		33,627	0	0
MERITOR INC	COM	59001K100	1,974	95,956	SH		DFND		95,956	0	0
NVIDIA CORP	COM	67066G104	3,213	13,562	SH		DFND		13,562	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	2,751	159,363	SH		DFND		159,363	0	0
RELIANCE STEEL & ALUMINUM CO	COM	759509102	2,187	24,984	SH		DFND		24,984	0	0
EATON CORP PLC	SHS	G29183103	2,087	27,917	SH		DFND		27,917	0	0
UNITED RENTALS INC	COM	911363109	968	6,557	SH		DFND		6,557	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	1,120	211,255	SH		DFND		211,255	0	0
GALLAGHER ARTHUR J & CO	COM	363576109	938	14,366	SH		DFND		14,366	0	0
COMERICA INC	COM	200340107	703	7,737	SH		DFND		7,737	0	0
LAUDER ESTEE COS INC	CL A	518439104	2,526	17,702	SH		DFND		17,702	0	0
LEGG MASON INC	COM	524901105	6,295	181,252	SH		DFND		181,252	0	0
RANGE RES CORP	COM	75281A109	639	38,171	SH		DFND		38,171	0	0
PENN NATL GAMING INC	COM	707569109	3,112	92,641	SH		DFND		92,641	0	0
KFORCE INC	COM	493732101	1,054	30,728	SH		DFND		30,728	0	0
FIRST INDUSTRIAL REALTY TRUS	COM	32054K103	2,927	87,790	SH		DFND		87,790	0	0
TCF FINL CORP	COM	872275102	2,459	99,892	SH		DFND		99,892	0	0
HUMANA INC	COM	444859102	3,762	12,640	SH		DFND		12,640	0	0
ARCBEST CORP	COM	03937C105	727	15,911	SH		DFND		15,911	0	0
LINCOLN NATL CORP IND	COM	534187109	1,305	20,960	SH		DFND		20,960	0	0
M D C HLDGS INC	COM	552676108	1,145	37,222	SH		DFND		37,222	0	0
PULTE GROUP INC	COM	745867101	1,081	37,616	SH		DFND		37,616	0	0
CUMMINS INC	COM	231021106	1,392	10,470	SH		DFND		10,470	0	0
METLIFE INC	COM	59156R108	4,159	95,401	SH		DFND		95,401	0	0
AMEDISYS INC	COM	023436108	1,021	11,944	SH		DFND		11,944	0	0
TAILORED BRANDS INC	COM	87403A107	721	28,240	SH		DFND		28,240	0	0
CACI INTL INC	CL A	127190304	6,240	37,021	SH		DFND		37,021	0	0
SCHNITZER STL INDS	CL A	806882106	1,107	32,862	SH		DFND		32,862	0	0
COMTECH TELECOMMUNICATIONS C	COM NEW	205826209	1,103	34,599	SH		DFND		34,599	0	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	662	2,840	SH		DFND		2,840	0	0
BRUNSWICK CORP	COM	117043109	2,133	33,080	SH		DFND		33,080	0	0
TYSON FOODS INC	CL A	902494103	3,071	44,600	SH		DFND		44,600	0	0
KEMPER CORP DEL	COM	488401100	692	9,148	SH		DFND		9,148	0	0
AMERICAN EAGLE OUTFITTERS NE	COM	02553E106	888	38,186	SH		DFND		38,186	0	0
HAEMONETICS CORP	COM	405024100	3,540	39,479	SH		DFND		39,479	0	0
DAVITA INC	COM	23918K108	2,014	29,005	SH		DFND		29,005	0	0
ALPHABET INC	CAP STK CL A	02079K305	757	670	SH		DFND		670	0	0
ASPEN TECHNOLOGY INC	COM	045327103	6,148	66,296	SH		DFND		66,296	0	0
CBRE GROUP INC	CL A	12504L109	3,189	66,791	SH		DFND		66,791	0	0
DEAN FOODS CO NEW	COM NEW	242370203	695	66,120	SH		DFND		66,120	0	0
NU SKIN ENTERPRISES INC	CL A	67018T105	3,288	42,046	SH		DFND		42,046	0	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	2,977	6,222	SH		DFND		6,222	0	0
LAS VEGAS SANDS CORP	COM	517834107	4,455	58,349	SH		DFND		58,349	0	0
TELEPHONE & DATA SYS INC	COM NEW	879433829	230	8,389	SH		DFND		8,389	0	0
MSC INDL DIRECT INC	CL A	553530106	874	10,296	SH		DFND		10,296	0	0
KORN FERRY INTL	COM NEW	500643200	1,161	18,749	SH		DFND		18,749	0	0
MYRIAD GENETICS INC	COM	62855J104	1,475	39,463	SH		DFND		39,463	0	0
PERFORMANCE FOOD GROUP CO	COM	71377A103	3,916	106,704	SH		DFND		106,704	0	0
AMERIPRISE FINL INC	COM	03076C106	3,509	25,083	SH		DFND		25,083	0	0
DIODES INC	COM	254543101	1,094	31,747	SH		DFND		31,747	0	0
TECH DATA CORP	COM	878237106	2,633	32,058	SH		DFND		32,058	0	0
JONES LANG LASALLE INC	COM	48020Q107	3,346	20,159	SH		DFND		20,159	0	0
WESCO INTL INC	COM	95082P105	3,264	57,158	SH		DFND		57,158	0	0
ASGN INC	COM	00191U102	2,265	28,967	SH		DFND		28,967	0	0
BARRETT BUSINESS SERVICES IN	COM	068463108	1,124	11,644	SH		DFND		11,644	0	0
VIACOM INC NEW	CL B	92553P201	3,559	118,007	SH		DFND		118,007	0	0
LIGAND PHARMACEUTICALS INC	COM NEW	53220K504	1,483	7,157	SH		DFND		7,157	0	0
UNIVERSAL FST PRODS INC	COM	913543104	686	18,727	SH		DFND		18,727	0	0
BANCORPSOUTH BK TUPELO MISS	COM	05971J102	1,410	42,793	SH		DFND		42,793	0	0
BRUKER CORP	COM	116794108	949	32,689	SH		DFND		32,689	0	0
CALAMP CORP	COM	128126109	985	42,028	SH		DFND		42,028	0	0
TEREX CORP NEW	COM	880779103	3,315	78,584	SH		DFND		78,584	0	0
UNITED CONTL HLDGS INC	COM	910047109	3,170	45,454	SH		DFND		45,454	0	0
CROCS INC	COM	227046109	910	51,669	SH		DFND		51,669	0	0
XCERRA CORP	COM	98400J108	1,126	80,611	SH		DFND		80,611	0	0
MGP INGREDIENTS INC NEW	COM	55303J106	629	7,085	SH		DFND		7,085	0	0
MAXIMUS INC	COM	577933104	1,941	31,244	SH		DFND		31,244	0	0
NATIONAL BEVERAGE CORP	COM	635017106	489	4,574	SH		DFND		4,574	0	0
GEO GROUP INC NEW	COM	36162J106	2,113	76,728	SH		DFND		76,728	0	0
INTEGER HLDGS CORP	COM	45826H109	5,152	79,683	SH		DFND		79,683	0	0
UNITED THERAPEUTICS CORP DEL	COM	91307C102	505	4,460	SH		DFND		4,460	0	0
INNOVIVA INC	COM	45781M101	1,369	99,186	SH		DFND		99,186	0	0
STAMPS COM INC	COM NEW	852857200	441	1,741	SH		DFND		1,741	0	0
HMS HLDGS CORP	COM	40425J101	341	15,766	SH		DFND		15,766	0	0
INSPERITY INC	COM	45778Q107	3,676	38,598	SH		DFND		38,598	0	0
INVESCO LTD	SHS	G491BT108	995	37,462	SH		DFND		37,462	0	0
MASTERCARD INCORPORATED	CL A	57636Q104	302	1,538	SH		DFND		1,538	0	0
NEW JERSEY RES	COM	646025106	1,350	30,166	SH		DFND		30,166	0	0
MEDIFAST INC	COM	58470H101	510	3,187	SH		DFND		3,187	0	0
CORCEPT THERAPEUTICS INC	COM	218352102	1,169	74,357	SH		DFND		74,357	0	0
WYNDHAM DESTINATIONS INC	COM	98310W108	710	16,031	SH		DFND		16,031	0	0
SEACOR HOLDINGS INC	COM	811904101	365	6,371	SH		DFND		6,371	0	0
EVERCORE INC	CLASS A	29977A105	973	9,230	SH		DFND		9,230	0	0
SIGNET JEWELERS LIMITED	SHS	G81276100	4,849	86,969	SH		DFND		86,969	0	0
AMERICAN NATL INS CO	COM	028591105	3,388	28,332	SH		DFND		28,332	0	0
CF INDS HLDGS INC	COM	125269100	4,732	106,567	SH		DFND		106,567	0	0
KBR INC	COM	48242W106	864	48,189	SH		DFND		48,189	0	0
EMERGENT BIOSOLUTIONS INC	COM	29089Q105	949	18,798	SH		DFND		18,798	0	0
FIRST MIDWEST BANCORP DEL	COM	320867104	1,132	44,452	SH		DFND		44,452	0	0
PS BUSINESS PKS INC CALIF	COM	69360J107	967	7,524	SH		DFND		7,524	0	0
UMPQUA HLDGS CORP	COM	904214103	1,066	47,197	SH		DFND		47,197	0	0
WEB COM GROUP INC	COM	94733A104	1,204	46,570	SH		DFND		46,570	0	0
ZUMIEZ INC	COM	989817101	778	31,047	SH		DFND		31,047	0	0
MAGELLAN HEALTH INC	COM NEW	559079207	1,899	19,791	SH		DFND		19,791	0	0
BANK NEW YORK MELLON CORP	COM	064058100	3,531	65,473	SH		DFND		65,473	0	0
AECOM	COM	00766T100	809	24,494	SH		DFND		24,494	0	0
VMWARE INC	CL A COM	928563402	3,112	21,174	SH		DFND		21,174	0	0
PROVIDENCE SVC CORP	COM	743815102	881	11,211	SH		DFND		11,211	0	0
LEMAITRE VASCULAR INC	COM	525558201	843	25,178	SH		DFND		25,178	0	0
SYNTEL INC	COM	87162H103	5,863	182,703	SH		DFND		182,703	0	0
UMB FINL CORP	COM	902788108	802	10,522	SH		DFND		10,522	0	0
CVR ENERGY INC	COM	12662P108	2,186	59,105	SH		DFND		59,105	0	0
VISA INC	COM CL A	92826C839	4,577	34,555	SH		DFND		34,555	0	0
UNIVERSAL INS HLDGS INC	COM	91359V107	830	23,638	SH		DFND		23,638	0	0
HILLENBRAND INC	COM	431571108	891	18,895	SH		DFND		18,895	0	0
XPO LOGISTICS INC	COM	983793100	2,782	27,769	SH		DFND		27,769	0	0
SHENANDOAH TELECOMMUNICATION	COM	82312B106	352	10,763	SH		DFND		10,763	0	0
AMERICAN PUBLIC EDUCATION IN	COM	02913V103	939	22,302	SH		DFND		22,302	0	0
FIRST CTZNS BANCSHARES INC N	CL A	31946M103	1,171	2,903	SH		DFND		2,903	0	0
KRATON CORPORATION	COM	50077C106	1,178	25,534	SH		DFND		25,534	0	0
FORTINET INC	COM	34959E109	5,689	91,127	SH		DFND		91,127	0	0
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	4,119	206,693	SH		DFND		206,693	0	0
GENERAC HLDGS INC	COM	368736104	3,669	70,923	SH		DFND		70,923	0	0
HYATT HOTELS CORP	COM CL A	448579102	3,471	44,996	SH		DFND		44,996	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	4,217	38,385	SH		DFND		38,385	0	0
ECHO GLOBAL LOGISTICS INC	COM	27875T101	686	23,442	SH		DFND		23,442	0	0
VISTEON CORP	COM NEW	92839U206	622	4,811	SH		DFND		4,811	0	0
LEAR CORP	COM NEW	521865204	2,171	11,685	SH		DFND		11,685	0	0
PRIMERICA INC	COM	74164M108	1,334	13,398	SH		DFND		13,398	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	1,049	27,029	SH		DFND		27,029	0	0
TOWER INTL INC	COM	891826109	693	21,784	SH		DFND		21,784	0	0
GENERAL MTRS CO	COM	37045V100	248	6,290	SH		DFND		6,290	0	0
WALKER & DUNLOP INC	COM	93148P102	1,153	20,714	SH		DFND		20,714	0	0
BANKUNITED INC	COM	06652K103	1,388	33,969	SH		DFND		33,969	0	0
HCA HEALTHCARE INC	COM	40412C101	2,062	20,095	SH		DFND		20,095	0	0
AMC NETWORKS INC	CL A	00164V103	489	7,866	SH		DFND		7,866	0	0
PARK HOTELS RESORTS INC	COM	700517105	3,875	126,524	SH		DFND		126,524	0	0
SPIRIT RLTY CAP INC NEW	COM	84860W102	821	102,227	SH		DFND		102,227	0	0
MARATHON PETE CORP	COM	56585A102	6,009	85,644	SH		DFND		85,644	0	0
SUNCOKE ENERGY INC	COM	86722A103	203	15,117	SH		DFND		15,117	0	0
BONANZA CREEK ENERGY INC	COM NEW	097793400	410	10,820	SH		DFND		10,820	0	0
PHILLIPS 66	COM	718546104	3,817	33,989	SH		DFND		33,989	0	0
MILACRON HLDGS CORP	COM	59870L106	939	49,614	SH		DFND		49,614	0	0
POST HLDGS INC	COM	737446104	2,537	29,495	SH		DFND		29,495	0	0
ALLISON TRANSMISSION HLDGS I	COM	01973R101	2,202	54,391	SH		DFND		54,391	0	0
SUPERNUS PHARMACEUTICALS INC	COM	868459108	1,204	20,125	SH		DFND		20,125	0	0
FACEBOOK INC	CL A	30303M102	723	3,720	SH		DFND		3,720	0	0
FLEETCOR TECHNOLOGIES INC	COM	339041105	887	4,209	SH		DFND		4,209	0	0
BLOOMIN BRANDS INC	COM	094235108	2,767	137,671	SH		DFND		137,671	0	0
NATIONAL BK HLDGS CORP	CL A	633707104	336	8,706	SH		DFND		8,706	0	0
RH	COM	74967X103	2,594	18,571	SH		DFND		18,571	0	0
PBF ENERGY INC	CL A	69318G106	1,069	25,499	SH		DFND		25,499	0	0
ABBVIE INC	COM	00287Y109	9,587	103,477	SH		DFND		103,477	0	0
TRI POINTE GROUP INC	COM	87265H109	1,360	83,122	SH		DFND		83,122	0	0
ZOETIS INC	CL A	98978V103	2,571	30,184	SH		DFND		30,184	0	0
ENANTA PHARMACEUTICALS INC	COM	29251M106	1,366	11,789	SH		DFND		11,789	0	0
MALLINCKRODT PUB LTD CO	SHS	G5785G107	1,259	67,475	SH		DFND		67,475	0	0
VEEVA SYS INC	CL A COM	922475108	490	6,380	SH		DFND		6,380	0	0
ONEMAIN HLDGS INC	COM	68268W103	1,057	31,750	SH		DFND		31,750	0	0
ESSENT GROUP LTD	COM	G3198U102	901	25,162	SH		DFND		25,162	0	0
NEW MEDIA INVT GROUP INC	COM	64704V106	475	25,726	SH		DFND		25,726	0	0
ALPHABET INC	CAP STK CL C	02079K107	2,827	2,534	SH		DFND		2,534	0	0
TRINET GROUP INC	COM	896288107	2,799	50,032	SH		DFND		50,032	0	0
OUTFRONT MEDIA INC	COM	69007J106	2,808	144,373	SH		DFND		144,373	0	0
MARCUS & MILLICHAP INC	COM	566324109	1,003	25,724	SH		DFND		25,724	0	0
TRINSEO S A	SHS	L9340P101	1,566	22,066	SH		DFND		22,066	0	0
TRONC INC	COM	89703P107	483	27,948	SH		DFND		27,948	0	0
CITIZENS FINL GROUP INC	COM	174610105	1,767	45,416	SH		DFND		45,416	0	0
XENIA HOTELS & RESORTS INC	COM	984017103	2,023	83,064	SH		DFND		83,064	0	0
GENCO SHIPPING & TRADING LTD	SHS	Y2685T131	434	27,983	SH		DFND		27,983	0	0
GANNETT CO INC	COM	36473H104	436	40,725	SH		DFND		40,725	0	0
WESTROCK CO	COM	96145D105	3,528	61,870	SH		DFND		61,870	0	0
SPX FLOW INC	COM	78469X107	2,997	68,466	SH		DFND		68,466	0	0
RMR GROUP INC	CL A	74967R106	1,019	12,990	SH		DFND		12,990	0	0
ATKORE INTL GROUP INC	COM	047649108	818	39,377	SH		DFND		39,377	0	0
MEDPACE HLDGS INC	COM	58506Q109	577	13,410	SH		DFND		13,410	0	0
VISTRA ENERGY CORP	COM	92840M102	4,169	176,205	SH		DFND		176,205	0	0
ACUSHNET HOLDINGS CORP	COM	005098108	2,619	107,076	SH		DFND		107,076	0	0
ALCOA CORP	COM	013872106	2,265	48,318	SH		DFND		48,318	0	0
BANK OF NT BUTTERFIELD&SON L	SHS NEW	G0772R208	552	12,064	SH		DFND		12,064	0	0
HAMILTON LANE INC	CL A	407497106	1,055	21,983	SH		DFND		21,983	0	0
SCHNEIDER NATIONAL INC	CL B	80689H102	213	7,726	SH		DFND		7,726	0	0
GARDNER DENVER HLDGS INC	COM	36555P107	2,118	72,054	SH		DFND		72,054	0	0
DELEK US HLDGS INC NEW	COM	24665A103	932	18,582	SH		DFND		18,582	0	0
DOWDUPONT INC	COM	26078J100	268	4,064	SH		DFND		4,064	0	0
CONSOL ENERGY INC NEW	COM	20854L108	633	16,516	SH		DFND		16,516	0	0
WYNDHAM HOTELS & RESORTS INC	COM	98311A105	885	15,045	SH		DFND		15,045	0	0