Mitsubishi UFJ Trust & Banking 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
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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
3M CO.	COM	88579Y101	207,073	1,242,713	SH		SOLE		1,242,713	0	0
58.COM INC-ADR(ADR)	ADR	31680Q104	2,585	46,449	SH		SOLE		46,449	0	0
ABBOTT LABORATORIES	COM	002824100	138,222	3,304,364	SH		SOLE		3,304,364	0	0
ABBVIE INC	COM	00287Y109	209,634	3,670,058	SH		SOLE		3,670,058	0	0
ABIOMED INC.	COM	003654100	28,632	301,990	SH		SOLE		301,990	0	0
ACCENTURE PLC CL-A	COM	G1151C101	145,609	1,261,778	SH		SOLE		1,261,778	0	0
ACTIVISION BLIZZARD	COM	00507V109	34,187	1,010,259	SH		SOLE		1,010,259	0	0
ACUITY BRANDS INC.	COM	00508Y102	18,811	86,232	SH		SOLE		86,232	0	0
ADOBE SYSTEMS INC.	COM	00724F101	93,439	996,154	SH		SOLE		996,154	0	0
ADVANCE AUTO PARTS	COM	00751Y106	23,232	144,895	SH		SOLE		144,895	0	0
ADVANCED SEMI (ADR)	ADR	00756M404	597	102,031	SH		SOLE		102,031	0	0
AECOM	COM	00766T100	15,871	515,450	SH		SOLE		515,450	0	0
AERCAP HOLDINGS NV	COM	N00985106	7,033	181,454	SH		SOLE		181,454	0	0
AES CORPORATION	COM	00130H105	16,200	1,372,906	SH		SOLE		1,372,906	0	0
AETNA INC-NEW	COM	00817Y108	96,801	861,602	SH		SOLE		861,602	0	0
AFFILIATED MANAGERS	COM	008252108	28,378	174,739	SH		SOLE		174,739	0	0
AFLAC INC.	COM	001055102	54,253	859,253	SH		SOLE		859,253	0	0
AGCO CORPORATION	COM	001084102	7,191	144,689	SH		SOLE		144,689	0	0
AGILENT TECHNOLOGIES	COM	00846U101	26,138	655,922	SH		SOLE		655,922	0	0
AGL RESOURCES INC.	COM	001204106	16,584	254,591	SH		SOLE		254,591	0	0
AIR PRODUCTS & CHEM.	COM	009158106	58,532	406,333	SH		SOLE		406,333	0	0
AIRGAS INC.	COM	009363102	18,937	133,698	SH		SOLE		133,698	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	19,483	350,606	SH		SOLE		350,606	0	0
ALBEMARLE CORP	COM	012653101	14,207	222,220	SH		SOLE		222,220	0	0
ALCOA INC.	COM	013817101	25,148	2,625,080	SH		SOLE		2,625,080	0	0
ALEXION PHARMACEUTIC	COM	015351109	61,894	444,577	SH		SOLE		444,577	0	0
ALIBABA GROUP HO(ADR	ADR	01609W102	116,182	1,470,098	SH		SOLE		1,470,098	0	0
ALKERMES PLC	COM	G01767105	9,911	289,881	SH		SOLE		289,881	0	0
ALLEGHANY CORP	COM	017175100	24,591	49,559	SH		SOLE		49,559	0	0
ALLERGAN PLC	COM	G0177J108	226,147	843,736	SH		SOLE		843,736	0	0
ALLIANCE DATA SYSTEM	COM	018581108	33,337	151,534	SH		SOLE		151,534	0	0
ALLIANT ENERGY CORP	COM	018802108	17,267	232,453	SH		SOLE		232,453	0	0
ALLSTATE CORP	COM	020002101	53,535	794,648	SH		SOLE		794,648	0	0
ALLY FINANCIAL INC	COM	02005N100	19,230	1,027,244	SH		SOLE		1,027,244	0	0
ALNYLAM PHARMACEUTIC	COM	02043Q107	30,034	478,475	SH		SOLE		478,475	0	0
ALPHABET INC/CA-CL A	COM	02079K305	520,185	681,852	SH		SOLE		681,852	0	0
ALPHABET INC/CA-CL C	COM	02079K107	596,045	800,114	SH		SOLE		800,114	0	0
ALTRIA GROUP INC	COM	02209S103	279,188	4,455,609	SH		SOLE		4,455,609	0	0
AMAZON.COM INC.	COM	023135106	705,270	1,188,044	SH		SOLE		1,188,044	0	0
AMERCO INC	COM	023586100	5,641	15,787	SH		SOLE		15,787	0	0
AMEREN CORPORATION	COM	023608102	24,787	494,760	SH		SOLE		494,760	0	0
AMERICA MOVIL(ADR)-L	ADR	02364W105	5,522	355,594	SH		SOLE		355,594	0	0
AMERICAN AIRLINES GR	COM	02376R102	13,688	333,768	SH		SOLE		333,768	0	0
AMERICAN CAP AGENCY	COM	02503X105	14,445	775,354	SH		SOLE		775,354	0	0
AMERICAN ELECTRIC PO	COM	025537101	89,448	1,347,103	SH		SOLE		1,347,103	0	0
AMERICAN EXPRESS CO.	COM	025816109	142,783	2,325,452	SH		SOLE		2,325,452	0	0
AMERICAN INTL GROUP	COM	026874784	146,508	2,710,594	SH		SOLE		2,710,594	0	0
AMERICAN TOWER CORP	COM	03027X100	98,466	961,863	SH		SOLE		961,863	0	0
AMERICAN WATER WORKS	COM	030420103	41,084	596,024	SH		SOLE		596,024	0	0
AMERIPRISE FINANCIAL	COM	03076C106	36,031	383,272	SH		SOLE		383,272	0	0
AMERISOURCEBERGEN	COM	03073E105	40,905	472,614	SH		SOLE		472,614	0	0
AMETEK INC.	COM	031100100	23,923	478,650	SH		SOLE		478,650	0	0
AMGEN	COM	031162100	243,535	1,624,327	SH		SOLE		1,624,327	0	0
AMN HEALTHCARE SERV.	COM	001744101	3,095	92,100	SH		SOLE		92,100	0	0
AMPHENOL CORP 'A'	COM	032095101	35,350	611,381	SH		SOLE		611,381	0	0
ANADARKO PETROLEUM	COM	032511107	47,307	1,015,833	SH		SOLE		1,015,833	0	0
ANALOG DEVICES INC	COM	032654105	36,549	617,481	SH		SOLE		617,481	0	0
ANNALY CAPITAL MGMT	COM	035710409	22,384	2,181,720	SH		SOLE		2,181,720	0	0
ANSYS INC.	COM	03662Q105	16,345	182,707	SH		SOLE		182,707	0	0
ANTERO RESOURCES COR	COM	03674X106	3,878	155,915	SH		SOLE		155,915	0	0
ANTHEM INC.	COM	036752103	115,737	832,703	SH		SOLE		832,703	0	0
AON PLC	COM	G0408V102	57,283	548,426	SH		SOLE		548,426	0	0
APACHE CORPORATION	COM	037411105	66,632	1,365,128	SH		SOLE		1,365,128	0	0
APPLE INC	COM	037833100	1,286,970	11,808,148	SH		SOLE		11,808,148	0	0
APPLIED MATERIALS	COM	038222105	60,396	2,851,561	SH		SOLE		2,851,561	0	0
AQUA AMERICA INC.	COM	03836W103	617	19,397	SH		SOLE		19,397	0	0
ARAMARK	COM	03852U106	15,273	461,152	SH		SOLE		461,152	0	0
ARCH CAPITAL GRP LTD	COM	G0450A105	26,960	379,178	SH		SOLE		379,178	0	0
ARCHER DANIELS MDLND	COM	039483102	44,606	1,228,490	SH		SOLE		1,228,490	0	0
ARROW ELECTRONICS	COM	042735100	12,398	192,488	SH		SOLE		192,488	0	0
ASHLAND INC.	COM	044209104	14,452	131,427	SH		SOLE		131,427	0	0
ASSURANT INC	COM	04621X108	10,651	138,054	SH		SOLE		138,054	0	0
AT & T INC.	COM	00206R102	539,532	13,774,120	SH		SOLE		13,774,120	0	0
ATMOS ENERGY CORP.	COM	049560105	15,903	214,147	SH		SOLE		214,147	0	0
AU OPTRONICS CO(ADR)	ADR	002255107	354	119,855	SH		SOLE		119,855	0	0
AUTODESK INC.	COM	052769106	26,046	446,675	SH		SOLE		446,675	0	0
AUTOHOME INC-ADR	ADR	05278C107	4,975	178,062	SH		SOLE		178,062	0	0
AUTOLIV INC.	COM	052800109	20,720	174,883	SH		SOLE		174,883	0	0
AUTOMATIC DATA PROCE	COM	053015103	87,322	973,379	SH		SOLE		973,379	0	0
AUTONATION INC.	COM	05329W102	6,906	147,948	SH		SOLE		147,948	0	0
AUTOZONE INC	COM	053332102	56,523	70,947	SH		SOLE		70,947	0	0
AVALONBAY COMM. INC.	COM	053484101	55,290	290,692	SH		SOLE		290,692	0	0
AVERY-DENNISON CORP	COM	053611109	13,505	187,278	SH		SOLE		187,278	0	0
AVNET INC	COM	053807103	15,912	359,183	SH		SOLE		359,183	0	0
AVON PRODUCTS	COM	054303102	163	33,795	SH		SOLE		33,795	0	0
AXALTA COATING SYSTE	COM	G0750C108	8,674	297,066	SH		SOLE		297,066	0	0
AXIS CAPITAL HLDGS.	COM	G0692U109	12,397	223,524	SH		SOLE		223,524	0	0
B/E AEROSPACE INC.	COM	073302101	13,876	300,867	SH		SOLE		300,867	0	0
BAIDU INC.(ADR)	ADR	056752108	117,729	616,768	SH		SOLE		616,768	0	0
BAKER HUGHES INC.	COM	057224107	38,040	867,893	SH		SOLE		867,893	0	0
BALL CORPORATION	COM	058498106	18,373	257,726	SH		SOLE		257,726	0	0
BANCO DE CHILE (ADR)	ADR	059520106	846	13,119	SH		SOLE		13,119	0	0
BANCO SANT (ADS)	ADR	05967A107	244	52,400	SH		SOLE		52,400	0	0
BANCO SANT.CHILE(ADR	ADR	05965X109	433	22,397	SH		SOLE		22,397	0	0
BANCOLOMBIA SA (ADR)	ADR	05968L102	2,312	67,636	SH		SOLE		67,636	0	0
BANK OF AMERICA CORP	COM	060505104	295,021	21,821,044	SH		SOLE		21,821,044	0	0
BANK OF NY MELLON CO	COM	064058100	88,311	2,397,808	SH		SOLE		2,397,808	0	0
BARCLAYS ETN+ DYN VEQTORTM	ETF	06740C337	173,518	1,238,000	SH		SOLE		1,238,000	0	0
BARD C.R. INC	COM	067383109	31,553	155,688	SH		SOLE		155,688	0	0
BAXALTA INC	COM	07177M103	58,161	1,439,624	SH		SOLE		1,439,624	0	0
BAXTER INTERNATIONAL	COM	071813109	47,083	1,146,126	SH		SOLE		1,146,126	0	0
BB & T CORP.	COM	054937107	52,358	1,573,736	SH		SOLE		1,573,736	0	0
BECTON DICKINSON &	COM	075887109	65,942	434,342	SH		SOLE		434,342	0	0
BED BATH & BEYOND	COM	075896100	17,238	347,263	SH		SOLE		347,263	0	0
BERKLEY (WR) CORP	COM	084423102	12,632	224,772	SH		SOLE		224,772	0	0
BERKSHIRE HATHAWAY'A	COM	084670108	1,708	8	SH		SOLE		8	0	0
BERKSHIRE HATHAWAY'B	COM	084670702	343,292	2,419,592	SH		SOLE		2,419,592	0	0
BEST BUY COMPANY INC	COM	086516101	20,531	632,895	SH		SOLE		632,895	0	0
BIOGEN INC	COM	09062X103	134,212	515,567	SH		SOLE		515,567	0	0
BIOMARIN PHARM. INC.	COM	09061G101	26,121	316,691	SH		SOLE		316,691	0	0
BLACKHAWK NETWORK	COM	09238E104	3,087	90,000	SH		SOLE		90,000	0	0
BLACKROCK INC.	COM	09247X101	83,827	246,136	SH		SOLE		246,136	0	0
BLOCK (H&R)	COM	093671105	12,649	478,767	SH		SOLE		478,767	0	0
BLUEBIRD BIO INC	COM	09609G100	6,964	163,860	SH		SOLE		163,860	0	0
BOEING CO.	COM	097023105	161,508	1,272,315	SH		SOLE		1,272,315	0	0
BORGWARNER INC	COM	099724106	17,695	460,810	SH		SOLE		460,810	0	0
BOSTON PROPERTIES	COM	101121101	38,624	303,937	SH		SOLE		303,937	0	0
BOSTON SCIENTIFIC	COM	101137107	49,827	2,648,937	SH		SOLE		2,648,937	0	0
BRASKEM S.A.(ADR)	ADR	105532105	206	15,956	SH		SOLE		15,956	0	0
BRF SA (ADR)	ADR	10552T107	2,503	176,038	SH		SOLE		176,038	0	0
BRISTOL MYERS SQUIBB	COM	110122108	217,214	3,400,340	SH		SOLE		3,400,340	0	0
BRIXMOR PROPERTY GRO	COM	11120U105	9,257	361,309	SH		SOLE		361,309	0	0
BROADCOM LTD	COM	Y09827109	123,721	800,781	SH		SOLE		800,781	0	0
BROADRIDGE FINANCIAL	COM	11133T103	2,966	50,000	SH		SOLE		50,000	0	0
BROWN-FORMAN -CL B	COM	115637209	39,604	402,192	SH		SOLE		402,192	0	0
BUNGE LIMITED	COM	G16962105	16,344	288,405	SH		SOLE		288,405	0	0
C.H. ROBINSON WORLDW	COM	12541W209	71,478	962,922	SH		SOLE		962,922	0	0
CA INC.	COM	12673P105	20,773	674,683	SH		SOLE		674,683	0	0
CABLEVISION SYS.NY-A	COM	12686C109	12,981	393,349	SH		SOLE		393,349	0	0
CABOT OIL & GAS CO.A	COM	127097103	20,159	887,655	SH		SOLE		887,655	0	0
CALPINE CORPORATION	COM	131347304	10,565	696,411	SH		SOLE		696,411	0	0
CAMDEN PROPERTY TRUS	COM	133131102	15,111	179,702	SH		SOLE		179,702	0	0
CAMERON INTERNATL CO	COM	13342B105	25,555	381,135	SH		SOLE		381,135	0	0
CAMPBELL SOUP	COM	134429109	24,596	385,579	SH		SOLE		385,579	0	0
CAPITAL ONE FINANCIA	COM	14040H105	83,905	1,210,580	SH		SOLE		1,210,580	0	0
CARDINAL HEALTH INC.	COM	14149Y108	68,425	834,955	SH		SOLE		834,955	0	0
CARMAX INC	COM	143130102	70,725	1,384,042	SH		SOLE		1,384,042	0	0
CARNIVAL CORP	COM	143658300	43,548	825,250	SH		SOLE		825,250	0	0
CATERPILLAR	COM	149123101	89,937	1,175,034	SH		SOLE		1,175,034	0	0
CBRE GROUP INC-A	COM	12504L109	17,289	599,913	SH		SOLE		599,913	0	0
CBS CORP.CLASS-B	COM	124857202	65,545	1,189,781	SH		SOLE		1,189,781	0	0
CDK GLOBAL INC	COM	12508E101	12,745	273,782	SH		SOLE		273,782	0	0
CDW CORP/DE	COM	12514G108	12,167	293,169	SH		SOLE		293,169	0	0
CELANESE CORP-A	COM	150870103	19,565	298,705	SH		SOLE		298,705	0	0
CELGENE CORP.	COM	151020104	172,479	1,723,241	SH		SOLE		1,723,241	0	0
CEMEX SAB(ADR)PART	ADR	151290889	2,170	298,102	SH		SOLE		298,102	0	0
CEMIG (ADR)	ADR	204409601	397	175,658	SH		SOLE		175,658	0	0
CENTENE CORPORATION	COM	15135B101	19,320	313,785	SH		SOLE		313,785	0	0
CENTERPOINT ENERGY	COM	15189T107	18,992	907,862	SH		SOLE		907,862	0	0
CENTURYLINK INC.	COM	156700106	44,532	1,393,367	SH		SOLE		1,393,367	0	0
CERNER CORPORATION	COM	156782104	32,041	605,004	SH		SOLE		605,004	0	0
CF INDUSTRIES HOLDIN	COM	125269100	14,710	469,384	SH		SOLE		469,384	0	0
CHARTER COMM.-A	COM	16117M305	33,819	167,067	SH		SOLE		167,067	0	0
CHECK POINT SOFTWARE	COM	M22465104	12,316	140,806	SH		SOLE		140,806	0	0
CHEMOURS CO/THE	COM	163851108	203	28,995	SH		SOLE		28,995	0	0
CHENIERE ENERGY INC	COM	16411R208	15,662	462,964	SH		SOLE		462,964	0	0
CHESAPEAKE ENERGY CO	COM	165167107	582	141,354	SH		SOLE		141,354	0	0
CHEVRON CORP	COM	166764100	393,556	4,125,327	SH		SOLE		4,125,327	0	0
CHICAGO BRIDGE & IRN	COM	167250109	6,919	189,084	SH		SOLE		189,084	0	0
CHIPOTLE MEXICAN	COM	169656105	52,449	111,364	SH		SOLE		111,364	0	0
CHUBB LTD	COM	H1467J104	114,819	963,653	SH		SOLE		963,653	0	0
CHUNGHWA TELECOM(ADR	ADR	17133Q502	4,197	124,304	SH		SOLE		124,304	0	0
CHURCH & DWIGHT CO.	COM	171340102	26,702	289,674	SH		SOLE		289,674	0	0
CIA BRASI(ADR)(PFD	ADR	20440T201	493	35,445	SH		SOLE		35,445	0	0
CIA CERVECERIAS(ADR)	ADR	204429104	1,908	85,000	SH		SOLE		85,000	0	0
CIA SANEAMENTO (ADR)	ADR	20441A102	694	105,100	SH		SOLE		105,100	0	0
CIA SIDERURGICA(ADR)	ADR	20440W105	253	128,500	SH		SOLE		128,500	0	0
CIGNA CORP.	COM	125509109	74,700	544,304	SH		SOLE		544,304	0	0
CIMAREX ENERGY CO	COM	171798101	18,074	185,815	SH		SOLE		185,815	0	0
CINCINNATI FINANCIAL	COM	172062101	20,903	319,812	SH		SOLE		319,812	0	0
CINTAS CORP.	COM	172908105	18,385	204,707	SH		SOLE		204,707	0	0
CISCO SYSTEMS INC	COM	17275R102	321,415	11,289,600	SH		SOLE		11,289,600	0	0
CIT GROUP INC.	COM	125581801	10,652	343,276	SH		SOLE		343,276	0	0
CITIGROUP INC.	COM	172967424	271,923	6,513,128	SH		SOLE		6,513,128	0	0
CITIZENS FINANCIAL G	COM	174610105	22,373	1,067,900	SH		SOLE		1,067,900	0	0
CITRIX SYSTEMS INC.	COM	177376100	32,633	415,279	SH		SOLE		415,279	0	0
CLOROX COMPANY	COM	189054109	35,244	279,584	SH		SOLE		279,584	0	0
CME GROUP INC.	COM	12572Q105	73,705	767,356	SH		SOLE		767,356	0	0
CMS ENERGY CORP	COM	125896100	28,015	660,099	SH		SOLE		660,099	0	0
COACH INC.	COM	189754104	22,299	556,212	SH		SOLE		556,212	0	0
COCA-COLA COMPANY	COM	191216100	405,578	8,742,796	SH		SOLE		8,742,796	0	0
COCA-COLA ENTERPRISE	COM	19122T109	21,895	431,505	SH		SOLE		431,505	0	0
COCA-COLA FEMSA(ADR)	ADR	191241108	1,125	13,550	SH		SOLE		13,550	0	0
COGNIZANT TECH CL-A	COM	192446102	81,159	1,294,404	SH		SOLE		1,294,404	0	0
COLGATE PALMOLIVE	COM	194162103	165,809	2,346,908	SH		SOLE		2,346,908	0	0
COLUMBIA PIPELINE GR	COM	198280109	20,536	818,187	SH		SOLE		818,187	0	0
COMCAST CORP CL-A	COM	20030N101	337,696	5,528,753	SH		SOLE		5,528,753	0	0
COMERICA INC	COM	200340107	13,191	348,323	SH		SOLE		348,323	0	0
COMMUNITY HEALTH SYS	COM	203668108	239	12,913	SH		SOLE		12,913	0	0
CONAGRA FOODS INC	COM	205887102	52,111	1,167,874	SH		SOLE		1,167,874	0	0
CONCHO RESOURCES INC	COM	20605P101	25,615	253,516	SH		SOLE		253,516	0	0
CONOCOPHILLIPS	COM	20825C104	102,944	2,556,341	SH		SOLE		2,556,341	0	0
CONSOL ENERGY INC.	COM	20854P109	174	15,421	SH		SOLE		15,421	0	0
CONSOLIDATED EDISON	COM	209115104	55,996	730,829	SH		SOLE		730,829	0	0
CONSTELLATION BRND-A	COM	21036P108	51,780	342,708	SH		SOLE		342,708	0	0
CONTINENTAL RESOURCE	COM	212015101	5,413	178,281	SH		SOLE		178,281	0	0
COOPER COMPANIES INC	COM	216648402	23,386	151,885	SH		SOLE		151,885	0	0
COPEL (ADR)	ADR	20441B407	210	26,530	SH		SOLE		26,530	0	0
CORE LABORATORIES	COM	N22717107	9,339	83,076	SH		SOLE		83,076	0	0
CORNING INC.	COM	219350105	50,931	2,438,060	SH		SOLE		2,438,060	0	0
COSTCO WHOLESALE CO.	COM	22160K105	144,624	917,781	SH		SOLE		917,781	0	0
CPFL ENERGIA SA(ADR)	ADR	126153105	244	22,390	SH		SOLE		22,390	0	0
CREDICORP LIMITED	COM	G2519Y108	12,811	97,789	SH		SOLE		97,789	0	0
CROWN CASTLE INTL CO	COM	22822V101	88,368	1,021,601	SH		SOLE		1,021,601	0	0
CROWN HOLDINGS INC	COM	228368106	13,689	276,040	SH		SOLE		276,040	0	0
CSX	COM	126408103	54,228	2,105,927	SH		SOLE		2,105,927	0	0
CTRIP.COM INTL (ADR)	ADR	22943F100	40,310	910,751	SH		SOLE		910,751	0	0
CUMMINS INC	COM	231021106	38,057	346,161	SH		SOLE		346,161	0	0
CVS HEALTH CORPORATI	COM	126650100	254,314	2,451,692	SH		SOLE		2,451,692	0	0
D.R. HORTON INC.	COM	23331A109	20,403	674,930	SH		SOLE		674,930	0	0
DANAHER CORP	COM	235851102	116,187	1,224,830	SH		SOLE		1,224,830	0	0
DARDEN RESTAURANTS	COM	237194105	15,361	231,683	SH		SOLE		231,683	0	0
DAVITA HEALTHCARE	COM	23918K108	26,607	362,593	SH		SOLE		362,593	0	0
DEERE & CO.	COM	244199105	48,308	627,458	SH		SOLE		627,458	0	0
DELPHI AUTOMOTIVE	COM	G27823106	42,618	568,084	SH		SOLE		568,084	0	0
DELTA AIR LINES INC	COM	247361702	21,211	435,727	SH		SOLE		435,727	0	0
DELUXE CORPORATION	COM	248019101	20,791	332,712	SH		SOLE		332,712	0	0
DENBURY RESOURCES	COM	247916208	177	79,915	SH		SOLE		79,915	0	0
DENTSPLY SIRONA INC	COM	24906P109	29,783	483,252	SH		SOLE		483,252	0	0
DEVON ENERGY CORP.	COM	25179M103	28,165	1,026,421	SH		SOLE		1,026,421	0	0
DICK'S SPORTING GDS	COM	253393102	8,569	183,298	SH		SOLE		183,298	0	0
DIGITAL REALTY TRUST	COM	253868103	31,294	353,647	SH		SOLE		353,647	0	0
DISCOVER FINANCIAL	COM	254709108	53,727	1,055,134	SH		SOLE		1,055,134	0	0
DISCOVERY COMMU CL-A	COM	25470F104	15,776	551,022	SH		SOLE		551,022	0	0
DISCOVERY COMMU CL-C	COM	25470F302	14,714	544,962	SH		SOLE		544,962	0	0
DISH NETWORK CORP-A	COM	25470M109	20,663	446,665	SH		SOLE		446,665	0	0
DOLBY LABORATO.-CL A	COM	25659T107	10,729	246,871	SH		SOLE		246,871	0	0
DOLLAR GENERAL CORP	COM	256677105	51,085	596,792	SH		SOLE		596,792	0	0
DOLLAR TREE INC	COM	256746108	43,852	531,795	SH		SOLE		531,795	0	0
DOMINION RESOURCES	COM	25746U109	125,402	1,669,350	SH		SOLE		1,669,350	0	0
DONALDSON COMPANY	COM	257651109	19,787	620,102	SH		SOLE		620,102	0	0
DONNELLEY & SONS CO.	COM	257867101	182	11,109	SH		SOLE		11,109	0	0
DOVER CORP	COM	260003108	19,965	310,348	SH		SOLE		310,348	0	0
DOW CHEMICAL	COM	260543103	119,865	2,356,764	SH		SOLE		2,356,764	0	0
DR PEPPER SNAPPLE	COM	26138E109	34,933	390,661	SH		SOLE		390,661	0	0
DR. REDDY'S LAB(ADR)	ADR	256135203	1,182	26,148	SH		SOLE		26,148	0	0
DTE ENERGY COMPANY	COM	233331107	44,146	486,944	SH		SOLE		486,944	0	0
DU PONT (E.I.)	COM	263534109	111,172	1,755,713	SH		SOLE		1,755,713	0	0
DUKE ENERGY CORP.	COM	26441C204	135,837	1,683,654	SH		SOLE		1,683,654	0	0
DUKE REALTY CORP	COM	264411505	15,047	667,572	SH		SOLE		667,572	0	0
DUN & BRADSTREET	COM	26483E100	7,036	68,255	SH		SOLE		68,255	0	0
E TRADE FINANCIAL CO	COM	269246401	18,643	761,260	SH		SOLE		761,260	0	0
EASTMAN CHEMICAL	COM	277432100	24,855	344,107	SH		SOLE		344,107	0	0
EATON CORP PLC	COM	G29183103	79,508	1,270,901	SH		SOLE		1,270,901	0	0
EATON VANCE CORP	COM	278265103	7,636	227,799	SH		SOLE		227,799	0	0
EBAY INC	COM	278642103	70,585	2,958,315	SH		SOLE		2,958,315	0	0
ECOLAB INC	COM	278865100	63,205	566,758	SH		SOLE		566,758	0	0
EDGEWELL PERSONAL	COM	28035Q102	9,924	123,238	SH		SOLE		123,238	0	0
EDISON INTERNATIONAL	COM	281020107	46,669	649,167	SH		SOLE		649,167	0	0
EDWARDS LIFESCIENCES	COM	28176E108	37,397	423,949	SH		SOLE		423,949	0	0
ELECTRONIC ARTS	COM	285512109	40,699	615,631	SH		SOLE		615,631	0	0
ELETROBRAS-ADR C	ADR	15234Q207	18	10,000	SH		SOLE		10,000	0	0
ELETROBRAS-ADR P	ADR	15234Q108	147	50,500	SH		SOLE		50,500	0	0
ELLIE MAE INC.	COM	28849P100	24,665	272,120	SH		SOLE		272,120	0	0
EMBRAER SA (ADR)	ADR	29082A107	2,900	110,006	SH		SOLE		110,006	0	0
EMC CORP-MASS	COM	268648102	103,898	3,898,624	SH		SOLE		3,898,624	0	0
EMERSON ELECTRIC	COM	291011104	71,756	1,319,521	SH		SOLE		1,319,521	0	0
EMPRESA NAC ELEC(ADR	ADR	29244T101	1,063	25,544	SH		SOLE		25,544	0	0
ENDO INTERNATIONAL P	COM	G30401106	11,890	422,392	SH		SOLE		422,392	0	0
ENERSIS AMERICAS(ADR	ADR	29274F104	684	49,179	SH		SOLE		49,179	0	0
ENSCO PLC CL-A	COM	G3157S106	231	22,272	SH		SOLE		22,272	0	0
ENTERGY CORP NEW	COM	29364G103	31,718	400,074	SH		SOLE		400,074	0	0
ENVISION HEALTHCR HL	COM	29413U103	7,606	372,822	SH		SOLE		372,822	0	0
EOG RESOURCES INC.	COM	26875P101	144,228	1,987,160	SH		SOLE		1,987,160	0	0
EQT CORPORATION	COM	26884L109	20,323	302,157	SH		SOLE		302,157	0	0
EQUIFAX INC.	COM	294429105	26,893	235,306	SH		SOLE		235,306	0	0
EQUINIX INC	COM	29444U700	43,609	131,865	SH		SOLE		131,865	0	0
EQUITY RESIDENTIAL	COM	29476L107	56,433	752,139	SH		SOLE		752,139	0	0
ESSEX PROPERTY TRUST	COM	297178105	31,010	132,599	SH		SOLE		132,599	0	0
ESTEE LAUDER CO.CL-A	COM	518439104	59,830	634,400	SH		SOLE		634,400	0	0
EVEREST RE GROUP LTD	COM	G3223R108	23,036	116,681	SH		SOLE		116,681	0	0
EVERSOURCE ENERGY	COM	30040W108	39,451	676,229	SH		SOLE		676,229	0	0
EXELON CORPORATION	COM	30161N101	70,907	1,977,321	SH		SOLE		1,977,321	0	0
EXPEDIA INC.	COM	30212P303	26,427	245,106	SH		SOLE		245,106	0	0
EXPEDITORS INTL WASH	COM	302130109	18,692	382,957	SH		SOLE		382,957	0	0
EXPRESS SCRIPTS HOLD	COM	30219G108	103,601	1,508,235	SH		SOLE		1,508,235	0	0
EXTRA SPACE STORAGE	COM	30225T102	21,526	230,326	SH		SOLE		230,326	0	0
EXXON MOBIL CORP.	COM	30231G102	722,629	8,644,926	SH		SOLE		8,644,926	0	0
F M C CORP	COM	302491303	10,750	266,279	SH		SOLE		266,279	0	0
F5 NETWORKS INC.	COM	315616102	14,887	140,647	SH		SOLE		140,647	0	0
FACEBOOK INC-A	COM	30303M102	680,416	5,963,328	SH		SOLE		5,963,328	0	0
FASTENAL COMPANY	COM	311900104	54,504	1,112,321	SH		SOLE		1,112,321	0	0
FEDERAL REALTY INVT	COM	313747206	24,221	155,212	SH		SOLE		155,212	0	0
FEDEX CORPORATION	COM	31428X106	103,689	637,222	SH		SOLE		637,222	0	0
FIBRIA CEL SA (ADR)	ADR	31573A109	1,298	153,011	SH		SOLE		153,011	0	0
FIDELITY NATIONAL IN	COM	31620M106	35,962	568,027	SH		SOLE		568,027	0	0
FIFTH THIRD BANCORP	COM	316773100	26,625	1,595,271	SH		SOLE		1,595,271	0	0
FINANCIAL ENGINES	COM	317485100	8,072	256,840	SH		SOLE		256,840	0	0
FIRST REPUBLIC BANK	COM	33616C100	119,928	1,799,636	SH		SOLE		1,799,636	0	0
FIRSTENERGY CORP.	COM	337932107	30,391	844,910	SH		SOLE		844,910	0	0
FISERV INC.	COM	337738108	47,516	463,213	SH		SOLE		463,213	0	0
FLEETCOR TECHNOLOGIE	COM	339041105	22,812	153,357	SH		SOLE		153,357	0	0
FLEXTRONICS INTL LTD	COM	Y2573F102	13,642	1,131,192	SH		SOLE		1,131,192	0	0
FLIR SYSTEMS INC.	COM	302445101	9,175	278,449	SH		SOLE		278,449	0	0
FLOWSERVE CORP.	COM	34354P105	11,947	269,027	SH		SOLE		269,027	0	0
FLUOR CORP	COM	343412102	16,089	299,603	SH		SOLE		299,603	0	0
FMC TECHNOLOGIES INC	COM	30249U101	12,423	454,056	SH		SOLE		454,056	0	0
FNF GROUP	COM	31620R303	17,120	505,000	SH		SOLE		505,000	0	0
FOMENTO ECONO (ADR)	ADR	344419106	4,541	47,149	SH		SOLE		47,149	0	0
FOOT LOCKER INC.	COM	344849104	19,197	297,632	SH		SOLE		297,632	0	0
FORD MOTOR COMPANY	COM	345370860	100,719	7,460,695	SH		SOLE		7,460,695	0	0
FORTINET INC	COM	34959E109	8,901	290,598	SH		SOLE		290,598	0	0
FORTUNE BRANDS H & S	COM	34964C106	17,608	314,206	SH		SOLE		314,206	0	0
FRANKLIN RESOURCES	COM	354613101	30,922	791,861	SH		SOLE		791,861	0	0
FREEPORT-MCMORAN INC	COM	35671D857	24,768	2,395,346	SH		SOLE		2,395,346	0	0
FRONTIER COMM. CORP	COM	35906A108	13,038	2,332,353	SH		SOLE		2,332,353	0	0
GALLAGHER (ARTHUR J.	COM	363576109	21,199	476,589	SH		SOLE		476,589	0	0
GAMESTOP CORP CL-A	COM	36467W109	13,536	426,608	SH		SOLE		426,608	0	0
GANNETT CO INC	COM	36473H104	5,796	382,850	SH		SOLE		382,850	0	0
GAP INC	COM	364760108	14,869	505,736	SH		SOLE		505,736	0	0
GARMIN LTD.	COM	H2906T109	8,967	224,394	SH		SOLE		224,394	0	0
GARTNER INC	COM	366651107	15,862	177,532	SH		SOLE		177,532	0	0
GENERAL DYNAMICS	COM	369550108	71,708	545,851	SH		SOLE		545,851	0	0
GENERAL ELECTRIC	COM	369604103	613,987	19,313,839	SH		SOLE		19,313,839	0	0
GENERAL GROWTH PROPE	COM	370023103	33,998	1,143,544	SH		SOLE		1,143,544	0	0
GENERAL MILLS	COM	370334104	82,042	1,295,055	SH		SOLE		1,295,055	0	0
GENERAL MOTORS CO.	COM	37045V100	98,261	3,126,346	SH		SOLE		3,126,346	0	0
GENOMIC HEALTH INC.	COM	37244C101	3,993	161,200	SH		SOLE		161,200	0	0
GENUINE PARTS	COM	372460105	30,811	310,091	SH		SOLE		310,091	0	0
GENWORTH FIN.-CL A	COM	37247D106	285	104,235	SH		SOLE		104,235	0	0
GERDAU S.A. (ADR)	ADR	373737105	429	241,241	SH		SOLE		241,241	0	0
GILEAD SCIENCES INC	COM	375558103	287,478	3,129,520	SH		SOLE		3,129,520	0	0
GLOBAL PAYMENTS INC	COM	37940X102	16,643	254,873	SH		SOLE		254,873	0	0
GOLDMAN SACHS GROUP	COM	38141G104	152,206	969,590	SH		SOLE		969,590	0	0
GOODYEAR TIRE	COM	382550101	18,399	557,875	SH		SOLE		557,875	0	0
GRAINGER (W.W.) INC	COM	384802104	27,474	117,699	SH		SOLE		117,699	0	0
GREAT WESTERN BANCOR	COM	391416104	4,650	170,500	SH		SOLE		170,500	0	0
GRP AEROPORT DEL(ADR	ADR	400506101	3,074	34,654	SH		SOLE		34,654	0	0
GRUBHUB INC	COM	400110102	30,234	1,203,109	SH		SOLE		1,203,109	0	0
GRUPO AEROPORTUA(ADR	ADR	40051E202	332	2,213	SH		SOLE		2,213	0	0
GRUPO TELEVISA (ADR)	ADR	40049J206	2,005	73,003	SH		SOLE		73,003	0	0
HALLIBURTON CO.	COM	406216101	79,079	2,213,866	SH		SOLE		2,213,866	0	0
HANESBRANDS INC	COM	410345102	22,319	787,540	SH		SOLE		787,540	0	0
HARLEY DAVIDSON INC	COM	412822108	55,806	1,087,205	SH		SOLE		1,087,205	0	0
HARMAN INTERNATIONAL	COM	413086109	12,724	142,898	SH		SOLE		142,898	0	0
HARRIS	COM	413875105	19,356	248,603	SH		SOLE		248,603	0	0
HARTFORD FINL SVCS	COM	416515104	39,300	852,872	SH		SOLE		852,872	0	0
HASBRO INC	COM	418056107	18,211	227,358	SH		SOLE		227,358	0	0
HCA HOLDINGS INC.	COM	40412C101	59,353	760,449	SH		SOLE		760,449	0	0
HCP INC	COM	40414L109	31,230	958,565	SH		SOLE		958,565	0	0
HDFC BANK LTD. (ADR)	ADR	40415F101	3,777	61,287	SH		SOLE		61,287	0	0
HELMERICH & PAYNE	COM	423452101	15,097	257,099	SH		SOLE		257,099	0	0
HENRY SCHEIN INC.	COM	806407102	31,622	183,175	SH		SOLE		183,175	0	0
HERTZ GLOBAL HLDG	COM	42805T105	8,364	794,318	SH		SOLE		794,318	0	0
HESS CORPORATION	COM	42809H107	29,489	560,104	SH		SOLE		560,104	0	0
HILTON WORLDWIDE HOL	COM	43300A104	22,355	992,658	SH		SOLE		992,658	0	0
HOLLYFRONTIER CORP	COM	436106108	12,719	360,102	SH		SOLE		360,102	0	0
HOLOGIC INC	COM	436440101	23,957	694,420	SH		SOLE		694,420	0	0
HOME DEPOT	COM	437076102	345,368	2,588,380	SH		SOLE		2,588,380	0	0
HONEYWELL INTL INC.	COM	438516106	177,394	1,583,172	SH		SOLE		1,583,172	0	0
HORMEL FOODS CORP.	COM	440452100	25,494	589,600	SH		SOLE		589,600	0	0
HOST HOTEL&RES(REIT)	COM	44107P104	31,995	1,915,846	SH		SOLE		1,915,846	0	0
HOWARD HUGHES CORP	COM	44267D107	6,415	60,584	SH		SOLE		60,584	0	0
HP ENTERPRISE CO	COM	42824C109	65,123	3,673,039	SH		SOLE		3,673,039	0	0
HP INC	COM	40434L105	45,612	3,702,285	SH		SOLE		3,702,285	0	0
HUMANA	COM	444859102	54,099	295,705	SH		SOLE		295,705	0	0
HUNTINGTON BANCSHARE	COM	446150104	15,297	1,603,424	SH		SOLE		1,603,424	0	0
ICICI BANK LTD.(ADR)	ADR	45104G104	19,796	2,764,873	SH		SOLE		2,764,873	0	0
IHS INC -CLASS A	COM	451734107	16,700	134,507	SH		SOLE		134,507	0	0
ILLINOIS TOOL WORKS	COM	452308109	66,499	649,150	SH		SOLE		649,150	0	0
ILLUMINA INC.	COM	452327109	172,333	1,063,064	SH		SOLE		1,063,064	0	0
IMS HEALTH HOLDINGS	COM	44970B109	8,775	330,504	SH		SOLE		330,504	0	0
INCYTE CORP.	COM	45337C102	24,207	334,027	SH		SOLE		334,027	0	0
INFOSYS LTD. (ADR)	ADR	456788108	8,574	450,812	SH		SOLE		450,812	0	0
INGERSOLL-RAND PLC	COM	G47791101	49,086	791,574	SH		SOLE		791,574	0	0
INGRAM MICRO INC 'A'	COM	457153104	453	12,619	SH		SOLE		12,619	0	0
INTEL CORPORATION	COM	458140100	319,815	9,886,092	SH		SOLE		9,886,092	0	0
INTERACTIVE BROKER-A	COM	45841N107	16,643	423,270	SH		SOLE		423,270	0	0
INTERCONTINENTAL EXC	COM	45866F104	56,248	239,211	SH		SOLE		239,211	0	0
INTERPUBLIC GROUP CO	COM	460690100	18,465	804,561	SH		SOLE		804,561	0	0
INTL BUS MACHINES CO	COM	459200101	291,229	1,922,938	SH		SOLE		1,922,938	0	0
INTL FLAVORS&FRAGRAN	COM	459506101	19,565	171,969	SH		SOLE		171,969	0	0
INTL PAPER	COM	460146103	40,219	979,995	SH		SOLE		979,995	0	0
INTUIT INC.	COM	461202103	52,336	503,182	SH		SOLE		503,182	0	0
INTUITIVE SURGICAL	COM	46120E602	80,788	134,412	SH		SOLE		134,412	0	0
INVESCO LTD	COM	G491BT108	42,920	1,394,866	SH		SOLE		1,394,866	0	0
IONIS PHARMACEUTICAL	COM	462222100	22,631	558,782	SH		SOLE		558,782	0	0
IPATH PURE BETA CRUDE OIL	ETF	06740P221	1,789	125,200	SH		SOLE		125,200	0	0
IRON MOUNTAIN INC	COM	46284V101	20,006	589,986	SH		SOLE		589,986	0	0
ISHARES IBOXX $ H/Y	ETF	464288513	34,923	427,500	SH		SOLE		427,500	0	0
ISHARES IBOXX $ INV	ETF	464287242	270,969	2,280,500	SH		SOLE		2,280,500	0	0
ISHARES LATIN AMERIC	ETF	464287390	3,975	158,000	SH		SOLE		158,000	0	0
ISHARES TIPS BOND ET	ETF	464287176	1,490	13,000	SH		SOLE		13,000	0	0
ISHARES US REAL ESTA	ETF	464287739	3,582	46,000	SH		SOLE		46,000	0	0
ITAU UNIBANCO HLD(AD	ADR	465562106	5,099	593,560	SH		SOLE		593,560	0	0
ITC HOLDINGS CORP.	COM	465685105	732	16,805	SH		SOLE		16,805	0	0
JACOBS ENGINEERING	COM	469814107	10,935	251,089	SH		SOLE		251,089	0	0
JARDEN CORP	COM	471109108	30,236	512,917	SH		SOLE		512,917	0	0
JAZZ PHARMACEUTICALS	COM	G50871105	15,623	119,674	SH		SOLE		119,674	0	0
JB HUNT TRANSPORT SV	COM	445658107	15,732	186,757	SH		SOLE		186,757	0	0
JD.COM INC-ADR(ADR)	ADR	47215P106	6,218	234,626	SH		SOLE		234,626	0	0
JM SMUCKER CO	COM	832696405	30,967	238,501	SH		SOLE		238,501	0	0
JOHNSON & JOHNSON	COM	478160104	626,299	5,788,350	SH		SOLE		5,788,350	0	0
JOHNSON CONTROLS	COM	478366107	62,405	1,601,356	SH		SOLE		1,601,356	0	0
JONES LANG LASALLE	COM	48020Q107	10,389	88,554	SH		SOLE		88,554	0	0
JPMORGAN CHASE & CO	COM	46625H100	456,640	7,710,907	SH		SOLE		7,710,907	0	0
JUNIPER NETWORKS INC	COM	48203R104	18,576	728,190	SH		SOLE		728,190	0	0
JUNO THERAPEUTICS IN	COM	48205A109	37,773	991,680	SH		SOLE		991,680	0	0
KANSAS CITY SOUTHERN	COM	485170302	18,540	216,965	SH		SOLE		216,965	0	0
KELLOGG	COM	487836108	44,536	581,789	SH		SOLE		581,789	0	0
KEYCORP	COM	493267108	21,872	1,981,168	SH		SOLE		1,981,168	0	0
KIMBERLY-CLARK CORP	COM	494368103	103,392	768,653	SH		SOLE		768,653	0	0
KIMCO REALTY CORP.	COM	49446R109	23,858	828,972	SH		SOLE		828,972	0	0
KINDER MORGAN INC	COM	49456B101	71,046	3,977,938	SH		SOLE		3,977,938	0	0
KIRBY CORPORATION	COM	497266106	10,519	174,470	SH		SOLE		174,470	0	0
KLA-TENCOR CORP.	COM	482480100	22,822	313,446	SH		SOLE		313,446	0	0
KOHL'S CORPORATION	COM	500255104	19,266	413,351	SH		SOLE		413,351	0	0
KRAFT HEINZ CO/THE	COM	500754106	99,266	1,263,573	SH		SOLE		1,263,573	0	0
KROGER CO.	COM	501044101	79,542	2,079,538	SH		SOLE		2,079,538	0	0
L BRANDS INC	COM	501797104	43,792	498,711	SH		SOLE		498,711	0	0
L-3 COMM. HLDGS INC.	COM	502424104	19,112	161,286	SH		SOLE		161,286	0	0
LABORATORY CORP AMER	COM	50540R409	26,512	226,350	SH		SOLE		226,350	0	0
LAM RESEARCH CORP.	COM	512807108	26,058	315,468	SH		SOLE		315,468	0	0
LAS VEGAS SANDS CORP	COM	517834107	40,835	790,151	SH		SOLE		790,151	0	0
LATAM AIRLINES (ADR)	ADR	51817R106	294	41,932	SH		SOLE		41,932	0	0
LEAR CORP	COM	521865204	16,876	151,804	SH		SOLE		151,804	0	0
LEGG MASON INC.	COM	524901105	6,593	190,098	SH		SOLE		190,098	0	0
LEGGETT & PLATT INC.	COM	524660107	12,837	265,229	SH		SOLE		265,229	0	0
LENDINGCLUB CORP	COM	52603A109	22,849	2,752,920	SH		SOLE		2,752,920	0	0
LENNAR CORP CL-A	COM	526057104	26,181	541,380	SH		SOLE		541,380	0	0
LEUCADIA NATIONAL CO	COM	527288104	16,510	1,021,017	SH		SOLE		1,021,017	0	0
LEVEL 3 COMM. INC.	COM	52729N308	31,883	603,268	SH		SOLE		603,268	0	0
LIBERTY GLOBAL PLC-A	COM	G5480U104	19,410	504,145	SH		SOLE		504,145	0	0
LIBERTY GLOBAL PLC-C	COM	G5480U120	45,577	1,213,432	SH		SOLE		1,213,432	0	0
LIBERTY INTER CORP-A	COM	53071M104	27,122	1,074,155	SH		SOLE		1,074,155	0	0
LIBERTY MEDIA CORP-A	COM	531229102	6,967	180,340	SH		SOLE		180,340	0	0
LIBERTY MEDIA CORP-C	COM	531229300	15,268	400,827	SH		SOLE		400,827	0	0
LIBERTY PROPERTY	COM	531172104	9,849	294,365	SH		SOLE		294,365	0	0
LILLY (ELI)	COM	532457108	150,561	2,090,829	SH		SOLE		2,090,829	0	0
LINCOLN ELECTRIC HLD	COM	533900106	26,190	447,149	SH		SOLE		447,149	0	0
LINCOLN NATIONAL CO	COM	534187109	20,458	521,898	SH		SOLE		521,898	0	0
LINEAR TECHNOLOGY	COM	535678106	20,956	470,294	SH		SOLE		470,294	0	0
LINKEDIN CORP - A	COM	53578A108	41,959	366,932	SH		SOLE		366,932	0	0
LKQ CORPORATION	COM	501889208	23,382	732,304	SH		SOLE		732,304	0	0
LOCKHEED MARTIN CORP	COM	539830109	128,907	581,975	SH		SOLE		581,975	0	0
LOEWS CORP	COM	540424108	23,408	611,811	SH		SOLE		611,811	0	0
LOWE'S COMPANIES	COM	548661107	161,580	2,133,064	SH		SOLE		2,133,064	0	0
LULULEMON ATHLETICA	COM	550021109	15,033	222,018	SH		SOLE		222,018	0	0
LYONDELLBASELL CL-A	COM	N53745100	72,759	850,192	SH		SOLE		850,192	0	0
M & T CORPORATION	COM	55261F104	67,417	607,358	SH		SOLE		607,358	0	0
MACERICH COMPANY	COM	554382101	21,086	266,107	SH		SOLE		266,107	0	0
MACY'S INC.	COM	55616P104	28,729	651,594	SH		SOLE		651,594	0	0
MALLINCKRODT PLC	COM	G5785G107	17,399	283,923	SH		SOLE		283,923	0	0
MANPOWERGROUP	COM	56418H100	15,302	187,939	SH		SOLE		187,939	0	0
MARATHON OIL CORP	COM	565849106	18,586	1,668,437	SH		SOLE		1,668,437	0	0
MARATHON PETROLEUM	COM	56585A102	43,463	1,168,976	SH		SOLE		1,168,976	0	0
MARKEL CORP.	COM	570535104	103,551	116,145	SH		SOLE		116,145	0	0
MARKETAXESS HOLDINGS	COM	57060D108	31,523	252,530	SH		SOLE		252,530	0	0
MARRIOTT INTL INC'A'	COM	571903202	32,646	458,645	SH		SOLE		458,645	0	0
MARSH & MCLENNAN COS	COM	571748102	69,659	1,145,902	SH		SOLE		1,145,902	0	0
MARTIN MARIETTA MATE	COM	573284106	79,003	495,287	SH		SOLE		495,287	0	0
MARVELL TECHNOLOGY	COM	G5876H105	8,447	819,345	SH		SOLE		819,345	0	0
MASCO CORP.	COM	574599106	20,959	666,418	SH		SOLE		666,418	0	0
MASTERCARD INC-CL A	COM	57636Q104	251,902	2,665,626	SH		SOLE		2,665,626	0	0
MATTEL INC	COM	577081102	26,359	784,029	SH		SOLE		784,029	0	0
MAXIM INTEGRATED PRD	COM	57772K101	20,810	565,797	SH		SOLE		565,797	0	0
MCCORMICK & CO INC.	COM	579780206	25,386	255,184	SH		SOLE		255,184	0	0
MCDONALD'S	COM	580135101	243,216	1,935,199	SH		SOLE		1,935,199	0	0
MCGRAW HILL FINCIAL	COM	580645109	57,398	579,890	SH		SOLE		579,890	0	0
MCKESSON CORPORATION	COM	58155Q103	79,209	503,713	SH		SOLE		503,713	0	0
MEAD JOHNSON NUTRITI	COM	582839106	33,985	399,959	SH		SOLE		399,959	0	0
MEDIVATION INC	COM	58501N101	14,914	324,366	SH		SOLE		324,366	0	0
MEDNAX INC.	COM	58502B106	12,229	189,245	SH		SOLE		189,245	0	0
MEDTRONIC PLC	COM	G5960L103	224,292	2,990,563	SH		SOLE		2,990,563	0	0
MELCO CROWN ENT(ADR)	ADR	585464100	3,473	210,355	SH		SOLE		210,355	0	0
MERCK & CO. INC	COM	58933Y105	336,261	6,355,346	SH		SOLE		6,355,346	0	0
METLIFE INC.	COM	59156R108	96,110	2,187,308	SH		SOLE		2,187,308	0	0
METTLER-TOLEDO INTL	COM	592688105	38,360	111,267	SH		SOLE		111,267	0	0
MGM RESORTS INTL	COM	552953101	19,231	896,945	SH		SOLE		896,945	0	0
MICHAEL KORS	COM	G60754101	22,089	387,800	SH		SOLE		387,800	0	0
MICROCHIP TECHNOLOGY	COM	595017104	50,759	1,053,083	SH		SOLE		1,053,083	0	0
MICRON TECHNOLOGY	COM	595112103	23,033	2,199,928	SH		SOLE		2,199,928	0	0
MICROSOFT CORP	COM	594918104	883,256	15,992,318	SH		SOLE		15,992,318	0	0
MID-AMERICA APRT COM	COM	59522J103	15,638	152,995	SH		SOLE		152,995	0	0
MINAS BUENAVENT.(ADR	ADR	204448104	1,837	249,600	SH		SOLE		249,600	0	0
MOBILE TELESYS.(ADR)	ADR	607409109	1,236	152,789	SH		SOLE		152,789	0	0
MOBILEYE NV	COM	N51488117	6,043	162,049	SH		SOLE		162,049	0	0
MOHAWK INDUSTRIES	COM	608190104	28,255	148,010	SH		SOLE		148,010	0	0
MOLSON COORS BR CL-B	COM	60871R209	36,110	375,447	SH		SOLE		375,447	0	0
MONDELEZ INTERNATION	COM	609207105	139,119	3,467,584	SH		SOLE		3,467,584	0	0
MONSANTO COMPANY	COM	61166W101	89,875	1,024,330	SH		SOLE		1,024,330	0	0
MONSTER BEVERAGE COR	COM	61174X109	37,951	284,535	SH		SOLE		284,535	0	0
MOODY'S CORPORATION	COM	615369105	88,967	921,370	SH		SOLE		921,370	0	0
MORGAN STANLEY	COM	617446448	72,864	2,913,398	SH		SOLE		2,913,398	0	0
MOTOROLA SOLUTIONS	COM	620076307	29,471	389,313	SH		SOLE		389,313	0	0
MSCI INC.	COM	55354G100	13,968	188,548	SH		SOLE		188,548	0	0
MURPHY OIL CORP.	COM	626717102	8,343	331,215	SH		SOLE		331,215	0	0
MYLAN NV	COM	N59465109	43,487	938,236	SH		SOLE		938,236	0	0
MYRIAD GENETICS INC.	COM	62855J104	18,328	489,649	SH		SOLE		489,649	0	0
NABORS INDUSTRIES	COM	G6359F103	174	18,896	SH		SOLE		18,896	0	0
NASDAQ INC	COM	631103108	15,639	235,594	SH		SOLE		235,594	0	0
NATIONAL-OILWELL V	COM	637071101	24,376	783,784	SH		SOLE		783,784	0	0
NAVIENT CORP	COM	63938C108	9,083	758,826	SH		SOLE		758,826	0	0
NETAPP INC	COM	64110D104	16,588	607,860	SH		SOLE		607,860	0	0
NETEASE INC.(ADR)	ADR	64110W102	7,857	54,721	SH		SOLE		54,721	0	0
NETFLIX.COM INC.	COM	64110L106	131,927	1,290,494	SH		SOLE		1,290,494	0	0
NETSUITE INC.	COM	64118Q107	5,115	74,684	SH		SOLE		74,684	0	0
NEW JERSEY RESOURCES	COM	646025106	342	9,389	SH		SOLE		9,389	0	0
NEW ORIENTAL ED(ADR)	ADR	647581107	2,988	86,369	SH		SOLE		86,369	0	0
NEW YORK COMMUN.BANC	COM	649445103	15,480	973,605	SH		SOLE		973,605	0	0
NEWELL RUBBERMAID	COM	651229106	35,876	810,020	SH		SOLE		810,020	0	0
NEWMONT MINING CO HL	COM	651639106	30,742	1,156,594	SH		SOLE		1,156,594	0	0
NEWS CORP-CLASS A	COM	65249B109	9,951	779,231	SH		SOLE		779,231	0	0
NEXTERA ENERGY INC.	COM	65339F101	127,227	1,075,094	SH		SOLE		1,075,094	0	0
NIELSEN HOLDINGS PLC	COM	G6518L108	38,130	724,070	SH		SOLE		724,070	0	0
NIKE INC CL'B'	COM	654106103	171,900	2,796,490	SH		SOLE		2,796,490	0	0
NISOURCE INC.	COM	65473P105	825	35,019	SH		SOLE		35,019	0	0
NOBLE CORP PLC	COM	G65431101	224	21,664	SH		SOLE		21,664	0	0
NOBLE ENERGY INC	COM	655044105	26,642	848,208	SH		SOLE		848,208	0	0
NORDSTROM INC.	COM	655664100	16,613	290,383	SH		SOLE		290,383	0	0
NORFOLK SOUTHERN	COM	655844108	49,572	595,463	SH		SOLE		595,463	0	0
NORTHERN TRUST	COM	665859104	28,415	436,011	SH		SOLE		436,011	0	0
NORTHROP GRUMMAN	COM	666807102	69,766	352,530	SH		SOLE		352,530	0	0
NORTHWESTERN CORP	COM	668074305	325	5,271	SH		SOLE		5,271	0	0
NORWEGIAN CRUISE LIN	COM	G66721104	17,731	320,691	SH		SOLE		320,691	0	0
NOW INC	COM	67011P100	26,456	1,493,020	SH		SOLE		1,493,020	0	0
NRG ENERGY INC	COM	629377508	10,942	841,069	SH		SOLE		841,069	0	0
NUANCE COMMUNICATION	COM	67020Y100	9,245	494,644	SH		SOLE		494,644	0	0
NUCOR CORP	COM	670346105	30,535	645,561	SH		SOLE		645,561	0	0
NVIDIA CORP.	COM	67066G104	46,247	1,297,984	SH		SOLE		1,297,984	0	0
NXP SEMICONDUCTOR NV	COM	N6596X109	22,036	271,819	SH		SOLE		271,819	0	0
OCCIDENTAL PETROLEUM	COM	674599105	105,592	1,543,062	SH		SOLE		1,543,062	0	0
OCEANEERING INTL INC	COM	675232102	6,411	192,858	SH		SOLE		192,858	0	0
OFFICE DEPOT INC.	COM	676220106	129	18,162	SH		SOLE		18,162	0	0
OGE ENERGY CORP	COM	670837103	11,734	409,837	SH		SOLE		409,837	0	0
OMNICOM GROUP	COM	681919106	40,468	486,215	SH		SOLE		486,215	0	0
ONE GAS INC	COM	68235P108	349	5,708	SH		SOLE		5,708	0	0
ONEOK INC.	COM	682680103	13,007	435,592	SH		SOLE		435,592	0	0
ORACLE CORPORATION	COM	68389X105	278,326	6,803,362	SH		SOLE		6,803,362	0	0
ORBITAL ATK INC	COM	68557N103	4,347	50,000	SH		SOLE		50,000	0	0
O'REILLY AUTOMOTIVE	COM	67103H107	54,629	199,623	SH		SOLE		199,623	0	0
PACCAR INC	COM	693718108	59,443	1,086,907	SH		SOLE		1,086,907	0	0
PACKAGING CORP AMERI	COM	695156109	14,296	236,683	SH		SOLE		236,683	0	0
PALO ALTO NETWORKS	COM	697435105	26,262	160,976	SH		SOLE		160,976	0	0
PARKER HANNIFIN	COM	701094104	31,493	283,515	SH		SOLE		283,515	0	0
PATTERSON COS INC	COM	703395103	9,198	197,671	SH		SOLE		197,671	0	0
PAYCHEX INC	COM	704326107	41,643	771,016	SH		SOLE		771,016	0	0
PAYPAL HOLDINGS INC	COM	70450Y103	101,056	2,618,021	SH		SOLE		2,618,021	0	0
PENTAIR PLC	COM	G7S00T104	19,128	352,516	SH		SOLE		352,516	0	0
PEOPLE'S UNITED FIN.	COM	712704105	17,362	1,089,913	SH		SOLE		1,089,913	0	0
PEPSICO INC.	COM	713448108	315,698	3,080,578	SH		SOLE		3,080,578	0	0
PERRIGO CO PLC	COM	G97822103	48,041	375,524	SH		SOLE		375,524	0	0
PFIZER INC.	COM	717081103	399,202	13,468,341	SH		SOLE		13,468,341	0	0
PG AND E CORPORATION	COM	69331C108	64,176	1,074,612	SH		SOLE		1,074,612	0	0
PHILIP MORRIS INTL	COM	718172109	336,423	3,429,043	SH		SOLE		3,429,043	0	0
PHILIPPINE LONG(ADR)	ADR	718252604	557	12,860	SH		SOLE		12,860	0	0
PHILLIPS 66	COM	718546104	102,424	1,182,858	SH		SOLE		1,182,858	0	0
PIEDMONT NATL GAS CO	COM	720186105	533	8,904	SH		SOLE		8,904	0	0
PINNACLE WEST CAPITA	COM	723484101	17,276	230,130	SH		SOLE		230,130	0	0
PIONEER NATURAL RES	COM	723787107	46,108	327,612	SH		SOLE		327,612	0	0
PLAINS GP HOLDINGS-A	COM	72651A108	3,933	452,622	SH		SOLE		452,622	0	0
PNC FIN. SERVICES	COM	693475105	91,518	1,082,152	SH		SOLE		1,082,152	0	0
POLARIS INDUSTRIES	COM	731068102	12,383	125,741	SH		SOLE		125,741	0	0
PPG INDUSTRIES	COM	693506107	65,010	583,101	SH		SOLE		583,101	0	0
PPL CORPORATION	COM	69351T106	56,181	1,475,716	SH		SOLE		1,475,716	0	0
PRAXAIR INC.	COM	74005P104	96,676	844,698	SH		SOLE		844,698	0	0
PRICELINE GROUP INC	COM	741503403	136,201	105,667	SH		SOLE		105,667	0	0
PRINCIPAL FINANCIAL	COM	74251V102	23,208	588,297	SH		SOLE		588,297	0	0
PROCTER & GAMBLE	COM	742718109	472,492	5,740,401	SH		SOLE		5,740,401	0	0
PROGRESSIVE CORP	COM	743315103	41,309	1,175,562	SH		SOLE		1,175,562	0	0
PROLOGIS INC	COM	74340W103	52,532	1,189,052	SH		SOLE		1,189,052	0	0
PRUDENTIAL FINANCIAL	COM	744320102	75,690	1,048,047	SH		SOLE		1,048,047	0	0
PUBLIC SERVICE ENTER	COM	744573106	48,019	1,018,642	SH		SOLE		1,018,642	0	0
PUBLIC STORAGE	COM	74460D109	84,527	306,446	SH		SOLE		306,446	0	0
PULTE GROUP INC.	COM	745867101	11,505	614,901	SH		SOLE		614,901	0	0
PVH CORP	COM	693656100	24,063	242,918	SH		SOLE		242,918	0	0
QIAGEN N.V.	COM	N72482107	7,809	349,546	SH		SOLE		349,546	0	0
QIHOO 360 TECH (ADR)	ADR	74734M109	4,908	64,963	SH		SOLE		64,963	0	0
QORVO INC	COM	74736K101	15,173	300,984	SH		SOLE		300,984	0	0
QUALCOMM INC	COM	747525103	177,007	3,461,217	SH		SOLE		3,461,217	0	0
QUANTA SERVICES INC	COM	74762E102	13,369	592,587	SH		SOLE		592,587	0	0
QUEST DIAGNOSTICS	COM	74834L100	20,778	290,804	SH		SOLE		290,804	0	0
QUIMICA Y MINERA(ADR	ADR	833635105	405	19,694	SH		SOLE		19,694	0	0
QUINTILES TRANS HOLD	COM	74876Y101	18,735	287,795	SH		SOLE		287,795	0	0
QUNAR CAYMAN ISL(ADR	ADR	74906P104	1,507	37,971	SH		SOLE		37,971	0	0
RALPH LAUREN CORP-A	COM	751212101	11,522	119,693	SH		SOLE		119,693	0	0
RANGE RESOURCES CORP	COM	75281A109	10,787	333,149	SH		SOLE		333,149	0	0
RAYMOND JAMES FIN.	COM	754730109	14,942	313,847	SH		SOLE		313,847	0	0
RAYTHEON COMPANY	COM	755111507	73,948	603,014	SH		SOLE		603,014	0	0
REALOGY HLDGS CORP	COM	75605Y106	10,205	282,598	SH		SOLE		282,598	0	0
REALTY INCOME CORP	COM	756109104	36,049	576,685	SH		SOLE		576,685	0	0
RED HAT INC	COM	756577102	26,981	362,117	SH		SOLE		362,117	0	0
REGENCY CENTERS CORP	COM	758849103	13,869	185,291	SH		SOLE		185,291	0	0
REGENERON PHARMACEUT	COM	75886F107	55,369	153,614	SH		SOLE		153,614	0	0
REGIONS FINANCIAL	COM	7591EP100	21,120	2,690,509	SH		SOLE		2,690,509	0	0
RENAISSANCERE HLDGS	COM	G7496G103	19,753	164,843	SH		SOLE		164,843	0	0
REPUBLIC SERVICES	COM	760759100	31,854	668,507	SH		SOLE		668,507	0	0
RESMED INC	COM	761152107	16,339	282,581	SH		SOLE		282,581	0	0
REYNOLDS AMERICAN	COM	761713106	110,361	2,193,627	SH		SOLE		2,193,627	0	0
RITCHIE BROS. AUCTIO	COM	767744105	10,106	373,203	SH		SOLE		373,203	0	0
RITE AID	COM	767754104	16,636	2,041,273	SH		SOLE		2,041,273	0	0
ROBERT HALF INTL INC	COM	770323103	12,206	262,038	SH		SOLE		262,038	0	0
ROCKWELL AUTOMATION	COM	773903109	30,752	270,344	SH		SOLE		270,344	0	0
ROCKWELL COLLINS	COM	774341101	37,099	402,331	SH		SOLE		402,331	0	0
ROPER TECHNOLOGIES I	COM	776696106	37,003	202,455	SH		SOLE		202,455	0	0
ROSS STORES INC.	COM	778296103	48,058	830,022	SH		SOLE		830,022	0	0
ROYAL CARIB CRUISES	COM	V7780T103	102,237	1,244,515	SH		SOLE		1,244,515	0	0
RYANAIR HLDGS (ADR)	ADR	783513203	44,126	514,165	SH		SOLE		514,165	0	0
RYDER SYSTEM	COM	783549108	5,667	87,474	SH		SOLE		87,474	0	0
SABRE CORP	COM	78573M104	22,091	763,865	SH		SOLE		763,865	0	0
SALESFORCE.COM INC.	COM	79466L302	115,789	1,568,324	SH		SOLE		1,568,324	0	0
SANDISK CORPORATION	COM	80004C101	32,350	425,216	SH		SOLE		425,216	0	0
SBA COMMUNICATIONS	COM	78388J106	33,449	333,921	SH		SOLE		333,921	0	0
SCANA CORP	COM	80589M102	19,573	279,013	SH		SOLE		279,013	0	0
SCHLUMBERGER LIMITED	COM	806857108	206,988	2,806,619	SH		SOLE		2,806,619	0	0
SCHWAB (CHAS) CORP	COM	808513105	65,656	2,343,167	SH		SOLE		2,343,167	0	0
SCRIPPS NETWORKS 'A'	COM	811065101	9,927	151,558	SH		SOLE		151,558	0	0
SEAGATE TECHNOLOGY	COM	G7945M107	21,154	614,039	SH		SOLE		614,039	0	0
SEALED AIR CORP.	COM	81211K100	19,382	403,700	SH		SOLE		403,700	0	0
SEATTLE GENETICS INC	COM	812578102	31,716	903,839	SH		SOLE		903,839	0	0
SEI INVESTMENTS CO	COM	784117103	12,216	283,774	SH		SOLE		283,774	0	0
SEMPRA ENERGY	COM	816851109	55,269	531,173	SH		SOLE		531,173	0	0
SENSATA TECH HLDG NV	COM	N7902X106	12,897	332,065	SH		SOLE		332,065	0	0
SERVICENOW INC.	COM	81762P102	18,042	294,906	SH		SOLE		294,906	0	0
SHERWIN WILLIAMS	COM	824348106	61,171	214,885	SH		SOLE		214,885	0	0
SIGNATURE BANK	COM	82669G104	17,008	124,952	SH		SOLE		124,952	0	0
SIGNET JEWELERS LTD	COM	G81276100	18,505	149,200	SH		SOLE		149,200	0	0
SILICONWARE PREC(ADR	ADR	827084864	2,815	353,155	SH		SOLE		353,155	0	0
SIMON PROPERTY(REIT)	COM	828806109	155,537	748,889	SH		SOLE		748,889	0	0
SIRIUS XM HOLDINGS	COM	82968B103	16,154	4,089,703	SH		SOLE		4,089,703	0	0
SKYWORKS SOLUTIONS	COM	83088M102	37,221	477,802	SH		SOLE		477,802	0	0
SL GREEN REALTY CORP	COM	78440X101	19,335	199,575	SH		SOLE		199,575	0	0
SLM CORPORATION	COM	78442P106	163	25,670	SH		SOLE		25,670	0	0
SNAP-ON INC.	COM	833034101	18,329	116,753	SH		SOLE		116,753	0	0
SONOCO PRODUCTS CO.	COM	835495102	2,526	52,000	SH		SOLE		52,000	0	0
SOUFUN HLDGS LTD(ADR	ADR	836034108	1,353	225,900	SH		SOLE		225,900	0	0
SOUTHERN CO.	COM	842587107	117,827	2,277,721	SH		SOLE		2,277,721	0	0
SOUTHERN COPPER CORP	COM	84265V105	6,159	222,266	SH		SOLE		222,266	0	0
SOUTHWEST AIRLINES	COM	844741108	16,851	376,131	SH		SOLE		376,131	0	0
SOUTHWEST GAS	COM	844895102	341	5,184	SH		SOLE		5,184	0	0
SOUTHWESTERN ENERGY	COM	845467109	6,328	784,094	SH		SOLE		784,094	0	0
SPDR GOLD TRUST	ETF	78463V107	4,329	36,800	SH		SOLE		36,800	0	0
SPDR S&P 500 ETF TRU	ETF	78462F103	12,821	62,370	SH		SOLE		62,370	0	0
SPECTRA ENERGY CORP	COM	847560109	43,251	1,413,419	SH		SOLE		1,413,419	0	0
SPLUNK INC.	COM	848637104	24,850	507,871	SH		SOLE		507,871	0	0
SPRINT CORP	COM	85207U105	5,329	1,531,350	SH		SOLE		1,531,350	0	0
ST.JUDE MEDICAL	COM	790849103	30,448	553,599	SH		SOLE		553,599	0	0
STANLEY BLACK & DECK	COM	854502101	31,817	302,416	SH		SOLE		302,416	0	0
STAPLES INC.	COM	855030102	14,476	1,312,449	SH		SOLE		1,312,449	0	0
STARBUCKS CORP	COM	855244109	179,830	3,012,224	SH		SOLE		3,012,224	0	0
STARWOOD H & R WORLD	COM	85590A401	28,073	336,482	SH		SOLE		336,482	0	0
STATE STREET CORP	COM	857477103	47,295	808,191	SH		SOLE		808,191	0	0
STERICYCLE INC.	COM	858912108	62,669	496,623	SH		SOLE		496,623	0	0
STRYKER CORP	COM	863667101	73,002	680,416	SH		SOLE		680,416	0	0
SUNTRUST BANKS INC	COM	867914103	37,071	1,027,478	SH		SOLE		1,027,478	0	0
SUPERVALU INC	COM	868536103	116	20,094	SH		SOLE		20,094	0	0
SVB FINANCIAL GROUP	COM	78486Q101	2,771	27,150	SH		SOLE		27,150	0	0
SYMANTEC CORPORATION	COM	871503108	25,041	1,362,390	SH		SOLE		1,362,390	0	0
SYNCHRONY FINANCIAL	COM	87165B103	47,520	1,658,047	SH		SOLE		1,658,047	0	0
SYNOPSYS INC.	COM	871607107	20,549	424,221	SH		SOLE		424,221	0	0
SYSCO CORPORATION	COM	871829107	63,661	1,362,314	SH		SOLE		1,362,314	0	0
T ROWE PRICE GROUP	COM	74144T108	37,474	510,127	SH		SOLE		510,127	0	0
TABLEAU SOFTWARE-A	COM	87336U105	25,947	565,658	SH		SOLE		565,658	0	0
TAIWAN SEMICOND.(ADR	ADR	874039100	57,895	2,209,726	SH		SOLE		2,209,726	0	0
TAL EDUCATION GR(ADR	ADR	874080104	3,536	71,176	SH		SOLE		71,176	0	0
TARGA RESOURCES CORP	COM	87612G101	533	17,848	SH		SOLE		17,848	0	0
TARGET CORP.	COM	87612E106	110,799	1,346,611	SH		SOLE		1,346,611	0	0
TARO PHARMACEUTICAL	COM	M8737E108	2,262	15,791	SH		SOLE		15,791	0	0
TATA MOTORS (ADR)	ADR	876568502	857	29,496	SH		SOLE		29,496	0	0
TD AMERITRADE HLDG	COM	87236Y108	87,363	2,770,778	SH		SOLE		2,770,778	0	0
TE CONNECTIVITY LTD	COM	H84989104	69,474	1,121,993	SH		SOLE		1,121,993	0	0
TECH DATA CORP	COM	878237106	258	3,356	SH		SOLE		3,356	0	0
TECO ENERGY INC	COM	872375100	13,193	479,217	SH		SOLE		479,217	0	0
TEGNA INC	COM	87901J105	12,208	520,381	SH		SOLE		520,381	0	0
TELEFONICA BRA(ADR)	ADR	87936R106	868	69,525	SH		SOLE		69,525	0	0
TERADATA CORPORATION	COM	88076W103	7,808	297,542	SH		SOLE		297,542	0	0
TERADYNE INC	COM	880770102	16,850	780,447	SH		SOLE		780,447	0	0
TESLA MOTORS INC.	COM	88160R101	162,423	706,894	SH		SOLE		706,894	0	0
TESORO CORPORATION	COM	881609101	24,647	286,565	SH		SOLE		286,565	0	0
TEVA PHARMACEUT(ADR)	ADR	881624209	9,708	181,416	SH		SOLE		181,416	0	0
TEXAS INSTRUMENTS	COM	882508104	116,691	2,032,243	SH		SOLE		2,032,243	0	0
TEXTRON	COM	883203101	19,873	545,063	SH		SOLE		545,063	0	0
THE ADT CORPORATION	COM	00101J106	13,519	327,660	SH		SOLE		327,660	0	0
THE HERSHEY COMPANY	COM	427866108	34,956	379,590	SH		SOLE		379,590	0	0
THE LACLEDE GROUP	COM	505597104	321	4,744	SH		SOLE		4,744	0	0
THE MOSAIC COMPANY	COM	61945C103	18,357	679,902	SH		SOLE		679,902	0	0
THERMO FISHER SCIENT	COM	883556102	120,285	849,532	SH		SOLE		849,532	0	0
TIFFANY & CO.	COM	886547108	44,917	612,118	SH		SOLE		612,118	0	0
TIM PARTICIPACOES	ADR	88706P205	1,040	93,997	SH		SOLE		93,997	0	0
TIME WARNER CABLE	COM	88732J207	115,368	563,816	SH		SOLE		563,816	0	0
TIME WARNER INC	COM	887317303	130,906	1,804,360	SH		SOLE		1,804,360	0	0
TJX COMPANIES	COM	872540109	149,079	1,902,735	SH		SOLE		1,902,735	0	0
T-MOBILE US INC	COM	872590104	22,172	578,915	SH		SOLE		578,915	0	0
TOLL BROTHERS INC.	COM	889478103	9,787	331,646	SH		SOLE		331,646	0	0
TORCHMARK CORP	COM	891027104	13,516	249,551	SH		SOLE		249,551	0	0
TOTAL SYSTEM SERVICE	COM	891906109	15,648	328,882	SH		SOLE		328,882	0	0
TRACTOR SUPPLY CO	COM	892356106	23,922	264,447	SH		SOLE		264,447	0	0
TRANSDIGM GROUP INC	COM	893641100	23,700	107,559	SH		SOLE		107,559	0	0
TRANSOCEAN LTD.	COM	H8817H100	275	30,096	SH		SOLE		30,096	0	0
TRAVELERS COMPANIES	COM	89417E109	73,644	631,000	SH		SOLE		631,000	0	0
TRIMBLE NAVIGATION	COM	896239100	12,663	510,608	SH		SOLE		510,608	0	0
TRIPADVISOR INC	COM	896945201	79,306	1,192,578	SH		SOLE		1,192,578	0	0
TWENTY-FIRST CENT(A)	COM	90130A101	66,838	2,397,332	SH		SOLE		2,397,332	0	0
TWENTY-FIRST CENT(B)	COM	90130A200	24,665	874,630	SH		SOLE		874,630	0	0
TWITTER INC	COM	90184L102	22,268	1,345,522	SH		SOLE		1,345,522	0	0
TYCO INTERNATIONAL P	COM	G91442106	37,847	1,030,967	SH		SOLE		1,030,967	0	0
TYSON FOODS CL 'A'	COM	902494103	53,495	802,504	SH		SOLE		802,504	0	0
U.S. BANCORP	COM	902973304	157,587	3,882,406	SH		SOLE		3,882,406	0	0
UDR INC	COM	902653104	21,680	562,684	SH		SOLE		562,684	0	0
ULTA SALON COSMETICS	COM	90384S303	25,399	131,098	SH		SOLE		131,098	0	0
ULTRAPAR PARTIC(ADR)	ADR	90400P101	1,192	61,829	SH		SOLE		61,829	0	0
UNDER ARMOUR -CL A	COM	904311107	49,361	581,883	SH		SOLE		581,883	0	0
UNION PACIFIC	COM	907818108	136,124	1,711,175	SH		SOLE		1,711,175	0	0
UNITED CONTINENTAL	COM	910047109	11,413	190,666	SH		SOLE		190,666	0	0
UNITED MICROELEC(ADR	ADR	910873405	1,483	712,876	SH		SOLE		712,876	0	0
UNITED PARCEL SRV-B	COM	911312106	167,541	1,588,515	SH		SOLE		1,588,515	0	0
UNITED RENTALS INC.	COM	911363109	16,104	258,955	SH		SOLE		258,955	0	0
UNITED STATES STEEL	COM	912909108	311	19,385	SH		SOLE		19,385	0	0
UNITED TECHNOLOGIES	COM	913017109	170,832	1,706,613	SH		SOLE		1,706,613	0	0
UNITED THERAPEUTICS	COM	91307C102	10,114	90,762	SH		SOLE		90,762	0	0
UNITEDHEALTH GROUP	COM	91324P102	260,537	2,021,236	SH		SOLE		2,021,236	0	0
UNIVERSAL HEALTH-B	COM	913903100	22,740	182,330	SH		SOLE		182,330	0	0
UNUM GROUP	COM	91529Y106	14,911	482,243	SH		SOLE		482,243	0	0
V.F. CORP	COM	918204108	44,333	684,577	SH		SOLE		684,577	0	0
VALERO ENERGY CORP.	COM	91913Y100	67,000	1,044,585	SH		SOLE		1,044,585	0	0
VANTIV INC-CL A	COM	92210H105	16,868	313,060	SH		SOLE		313,060	0	0
VARIAN MEDICAL SYSTE	COM	92220P105	37,511	468,767	SH		SOLE		468,767	0	0
VENTAS INC.	COM	92276F100	43,091	684,423	SH		SOLE		684,423	0	0
VEREIT INC	COM	92339V100	15,980	1,801,571	SH		SOLE		1,801,571	0	0
VERISIGN INC.	COM	92343E102	17,915	202,343	SH		SOLE		202,343	0	0
VERISK ANALYTICS INC	COM	92345Y106	25,383	317,601	SH		SOLE		317,601	0	0
VERIZON COMMUNICAT.	COM	92343V104	478,034	8,839,387	SH		SOLE		8,839,387	0	0
VERTEX PHARMACEUTIC.	COM	92532F100	38,274	481,490	SH		SOLE		481,490	0	0
VIACOM INC.CLS-B NEW	COM	92553P201	29,112	705,242	SH		SOLE		705,242	0	0
VIPSHOP HLDG-ADS(ADR	ADR	92763W103	3,433	266,521	SH		SOLE		266,521	0	0
VISA INC-CL A SHARES	COM	92826C839	345,611	4,518,967	SH		SOLE		4,518,967	0	0
VMWARE INC. CLASS-A	COM	928563402	8,218	157,105	SH		SOLE		157,105	0	0
VORNADO REALTY TRUST	COM	929042109	32,192	340,910	SH		SOLE		340,910	0	0
VOYA FINANCIAL INC	COM	929089100	13,741	461,576	SH		SOLE		461,576	0	0
VULCAN MATERIALS CO	COM	929160109	27,781	263,153	SH		SOLE		263,153	0	0
W.R. GRACE AND CO.	COM	38388F108	10,331	145,139	SH		SOLE		145,139	0	0
WABCO HOLDINGS INC	COM	92927K102	11,758	109,968	SH		SOLE		109,968	0	0
WABTEC CORPORATION	COM	929740108	30,855	389,139	SH		SOLE		389,139	0	0
WAL MART STORES INC.	COM	931142103	235,010	3,431,299	SH		SOLE		3,431,299	0	0
WALGREENS BOOTS	COM	931427108	155,410	1,844,846	SH		SOLE		1,844,846	0	0
WALT DISNEY CO	COM	254687106	313,960	3,161,412	SH		SOLE		3,161,412	0	0
WASTE CONNECTIONS	COM	941053100	15,950	246,945	SH		SOLE		246,945	0	0
WASTE MANAGEMENT INC	COM	94106L109	59,316	1,005,353	SH		SOLE		1,005,353	0	0
WATERS CORPORATION	COM	941848103	77,828	589,965	SH		SOLE		589,965	0	0
WATSCO INC.	COM	942622200	33,703	250,130	SH		SOLE		250,130	0	0
WAYFAIR INC- CLASS A	COM	94419L101	13,864	320,766	SH		SOLE		320,766	0	0
WEATHERFORD INTERNAT	COM	G48833100	13,578	1,745,199	SH		SOLE		1,745,199	0	0
WEC ENERGY GROUP INC	COM	92939U106	39,740	661,558	SH		SOLE		661,558	0	0
WELLS FARGO COMPANY	COM	949746101	498,080	10,299,413	SH		SOLE		10,299,413	0	0
WELLTOWER INC	COM	95040Q104	51,454	742,047	SH		SOLE		742,047	0	0
WESTERN DIGITAL CORP	COM	958102105	23,086	488,695	SH		SOLE		488,695	0	0
WESTERN UNION COM.	COM	959802109	19,755	1,024,123	SH		SOLE		1,024,123	0	0
WESTLAKE CHEMICAL	COM	960413102	4,109	88,750	SH		SOLE		88,750	0	0
WESTROCK CO	COM	96145D105	24,965	639,643	SH		SOLE		639,643	0	0
WEYERHAEUSER	COM	962166104	56,546	1,825,250	SH		SOLE		1,825,250	0	0
WGL HOLDINGS INC	COM	92924F106	395	5,453	SH		SOLE		5,453	0	0
WHIRLPOOL CORP	COM	963320106	36,920	204,727	SH		SOLE		204,727	0	0
WHITEWAVE FOODS CO	COM	966244105	14,166	348,568	SH		SOLE		348,568	0	0
WHITING PETROLEUM CO	COM	966387102	242	30,366	SH		SOLE		30,366	0	0
WHOLE FOODS MARKET	COM	966837106	35,491	1,140,831	SH		SOLE		1,140,831	0	0
WILLIAMS COMPANIES	COM	969457100	23,991	1,492,896	SH		SOLE		1,492,896	0	0
WILLIS TOWERS WATSON	COM	G96629103	31,580	266,135	SH		SOLE		266,135	0	0
WIPRO LIMITED (ADR)	ADR	97651M109	3,462	275,230	SH		SOLE		275,230	0	0
WORKDAY INC	COM	98138H101	38,223	497,439	SH		SOLE		497,439	0	0
WORLD FUEL SERVICES	COM	981475106	224	4,619	SH		SOLE		4,619	0	0
WYNDHAM WORLDWIDE CO	COM	98310W108	35,788	468,245	SH		SOLE		468,245	0	0
WYNN RESORTS LIMITED	COM	983134107	15,277	163,510	SH		SOLE		163,510	0	0
XCEL ENERGY INC	COM	98389B100	46,054	1,101,243	SH		SOLE		1,101,243	0	0
XEROX	COM	984121103	20,344	1,822,943	SH		SOLE		1,822,943	0	0
XILINX INC.	COM	983919101	24,727	521,343	SH		SOLE		521,343	0	0
XL GROUP PLC	COM	G98290102	22,766	618,653	SH		SOLE		618,653	0	0
XYLEM INC.	COM	98419M100	14,341	350,630	SH		SOLE		350,630	0	0
YAHOO! INC.	COM	984332106	67,090	1,822,611	SH		SOLE		1,822,611	0	0
YANDEX NV-A	COM	N97284108	11,068	722,470	SH		SOLE		722,470	0	0
YOUKU TUDOU INC(ADR)	ADR	98742U100	2,347	85,385	SH		SOLE		85,385	0	0
YUM! BRANDS INC	COM	988498101	69,831	853,164	SH		SOLE		853,164	0	0
YY INC(ADR)	ADR	98426T106	1,768	28,706	SH		SOLE		28,706	0	0
ZEBRA TECHNOLOGIES-A	COM	989207105	6,051	87,700	SH		SOLE		87,700	0	0
ZILLOW INC.-A	COM	98954M101	1,668	65,268	SH		SOLE		65,268	0	0
ZILLOW GROUP INC - C	COM	98954M200	8,636	363,922	SH		SOLE		363,922	0	0
ZIMMER BIOMET HOLDIN	COM	98956P102	39,822	373,462	SH		SOLE		373,462	0	0
ZIONS BANCORPORATION	COM	989701107	8,218	339,426	SH		SOLE		339,426	0	0
ZOETIS INC	COM	98978V103	41,355	932,888	SH		SOLE		932,888	0	0
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	10,545	59,700	SH		SOLE		59,700	0	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	655	6,000	SH		SOLE		6,000	0	0