SRB 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
3M COMPANY	COM	88579Y101	934	5,325	SH		DFND	1	5,325	0	0
3M COMPANY	COM	88579Y101	593	3,380	SH		DFND	1,2	3,380	0	0
ABBOTT LABORATORIES	COM	002824100	981	8,302	SH		DFND	1	8,302	0	0
ABBOTT LABORATORIES	COM	002824100	623	5,275	SH		DFND	1,2	5,275	0	0
ABBVIE INC	COM	00287Y109	941	8,719	SH		DFND	1	8,719	0	0
ABBVIE INC	COM	00287Y109	597	5,537	SH		DFND	1,2	5,537	0	0
ALLEGION PLC	ORD SHS	G0176J109	987	7,469	SH		DFND	1	7,469	0	0
ALLEGION PLC	ORD SHS	G0176J109	627	4,740	SH		DFND	1,2	4,740	0	0
ALLSTATE CORP	COM	020002101	996	7,823	SH		DFND	1	7,823	0	0
ALLSTATE CORP	COM	020002101	632	4,965	SH		DFND	1,2	4,965	0	0
ALPHABET INC CL A	CAP STK CL A	02079K305	984	368	SH		DFND	1	368	0	0
ALPHABET INC CL A	CAP STK CL A	02079K305	623	233	SH		DFND	1,2	233	0	0
AMETEK INC	COM	031100100	950	7,662	SH		DFND	1	7,662	0	0
AMETEK INC	COM	031100100	603	4,861	SH		DFND	1,2	4,861	0	0
ANTHEM INC	COM	036752103	1,028	2,758	SH		DFND	1	2,758	0	0
ANTHEM INC	COM	036752103	652	1,750	SH		DFND	1,2	1,750	0	0
APPLE INC	COM	037833100	981	6,934	SH		DFND	1	6,934	0	0
APPLE INC	COM	037833100	623	4,403	SH		DFND	1,2	4,403	0	0
ASSURANT INC	COM	04621X108	988	6,263	SH		DFND	1	6,263	0	0
ASSURANT INC	COM	04621X108	627	3,977	SH		DFND	1,2	3,977	0	0
AUTOMATIC DATA PROCESSING INC	COM	053015103	997	4,989	SH		DFND	1	4,989	0	0
AUTOMATIC DATA PROCESSING INC	COM	053015103	633	3,170	SH		DFND	1,2	3,170	0	0
AUTOZONE INC	COM	053332102	1,100	648	SH		DFND	1	648	0	0
AUTOZONE INC	COM	053332102	698	411	SH		DFND	1,2	411	0	0
AVERY DENNISON CORP	COM	053611109	985	4,754	SH		DFND	1	4,754	0	0
AVERY DENNISON CORP	COM	053611109	625	3,018	SH		DFND	1,2	3,018	0	0
BERKLEY W R CORP COM	COM	084423102	1,005	13,730	SH		DFND	1	13,730	0	0
BERKLEY W R CORP COM	COM	084423102	638	8,712	SH		DFND	1,2	8,712	0	0
BERKSHIRE HATHAWAY INC	CL B NEW	084670702	1,001	3,666	SH		DFND	1	3,666	0	0
BERKSHIRE HATHAWAY INC	CL B NEW	084670702	635	2,326	SH		DFND	1,2	2,326	0	0
BIO RAD LABORATORIES A	CL A	090572207	995	1,334	SH		DFND	1	1,334	0	0
BIO RAD LABORATORIES A	CL A	090572207	632	847	SH		DFND	1,2	847	0	0
BIOGEN INC	COM	09062X103	842	2,975	SH		DFND	1	2,975	0	0
BIOGEN INC	COM	09062X103	533	1,884	SH		DFND	1,2	1,884	0	0
CHUBB LTD	COM	H1467J104	976	5,624	SH		DFND	1	5,624	0	0
CHUBB LTD	COM	H1467J104	619	3,567	SH		DFND	1,2	3,567	0	0
CINCINNATI FINANCIAL CORP	COM	172062101	968	8,478	SH		DFND	1	8,478	0	0
CINCINNATI FINANCIAL CORP	COM	172062101	614	5,377	SH		DFND	1,2	5,377	0	0
CISCO SYSTEMS INC	COM	17275R102	966	17,737	SH		DFND	1	17,737	0	0
CISCO SYSTEMS INC	COM	17275R102	613	11,263	SH		DFND	1,2	11,263	0	0
COCA-COLA CORP	COM	191216100	974	18,570	SH		DFND	1	18,570	0	0
COCA-COLA CORP	COM	191216100	618	11,784	SH		DFND	1,2	11,784	0	0
COGNIZANT TEC SOLUTIONS A	CL A	192446102	997	13,436	SH		DFND	1	13,436	0	0
COGNIZANT TEC SOLUTIONS A	CL A	192446102	633	8,526	SH		DFND	1,2	8,526	0	0
COOPER COS INC THE	COM NEW	216648402	960	2,322	SH		DFND	1	2,322	0	0
COOPER COS INC THE	COM NEW	216648402	608	1,472	SH		DFND	1,2	1,472	0	0
CSX CORP	COM	126408103	926	31,116	SH		DFND	1	31,116	0	0
CSX CORP	COM	126408103	587	19,731	SH		DFND	1,2	19,731	0	0
CUMMINS INC	COM	231021106	991	4,413	SH		DFND	1	4,413	0	0
CUMMINS INC	COM	231021106	629	2,799	SH		DFND	1,2	2,799	0	0
CVS CAREMARK CORP	COM	126650100	97,350	1,147,178	SH		DFND	1	1,147,178	0	0
CVS CAREMARK CORP	COM	126650100	83,426	983,104	SH		DFND	1,2	983,104	0	0
DENTSPLY SIRONA INC	COM	24906P109	1,000	17,226	SH		DFND	1	17,226	0	0
DENTSPLY SIRONA INC	COM	24906P109	635	10,941	SH		DFND	1,2	10,941	0	0
EATON CORP PLC	SHS	G29183103	918	6,146	SH		DFND	1	6,146	0	0
EATON CORP PLC	SHS	G29183103	582	3,899	SH		DFND	1,2	3,899	0	0
EBAY INC	COM	278642103	993	14,246	SH		DFND	1	14,246	0	0
EBAY INC	COM	278642103	631	9,050	SH		DFND	1,2	9,050	0	0
EVEREST RE GROUP LTD	COM	G3223R108	965	3,849	SH		DFND	1	3,849	0	0
EVEREST RE GROUP LTD	COM	G3223R108	612	2,441	SH		DFND	1,2	2,441	0	0
EXPEDITORS INTL WASH INC	COM	302130109	1,009	8,470	SH		DFND	1	8,470	0	0
EXPEDITORS INTL WASH INC	COM	302130109	640	5,378	SH		DFND	1,2	5,378	0	0
FOX CORP CLASS B	CL A COM	35137L105	1,148	28,619	SH		DFND	1	28,619	0	0
FOX CORP CLASS B	CL A COM	35137L105	729	18,166	SH		DFND	1,2	18,166	0	0
GALLAGHER ARTHUR J & CO COM	COM	363576109	1,085	7,297	SH		DFND	1	7,297	0	0
GALLAGHER ARTHUR J & CO COM	COM	363576109	688	4,631	SH		DFND	1,2	4,631	0	0
GARMIN LTD	SHS	H2906T109	941	6,056	SH		DFND	1	6,056	0	0
GARMIN LTD	SHS	H2906T109	598	3,844	SH		DFND	1,2	3,844	0	0
GENERAL DYNAMICS CORP	COM	369550108	1,027	5,240	SH		DFND	1	5,240	0	0
GENERAL DYNAMICS CORP	COM	369550108	652	3,325	SH		DFND	1,2	3,325	0	0
GENERAL ELECTRIC CO	COM NEW	369604301	55,868	542,253	SH		DFND	1	542,253	0	0
GENERAL ELECTRIC CO	COM NEW	369604301	30,697	297,942	SH		DFND	1,2	297,942	0	0
GENUINE PARTS CO	COM	372460105	1,029	8,491	SH		DFND	1	8,491	0	0
GENUINE PARTS CO	COM	372460105	653	5,387	SH		DFND	1,2	5,387	0	0
GILEAD SCIENCES INC	COM	375558103	1,008	14,430	SH		DFND	1	14,430	0	0
GILEAD SCIENCES INC	COM	375558103	640	9,156	SH		DFND	1,2	9,156	0	0
GRAINGER W W INC COM	COM	384802104	944	2,401	SH		DFND	1	2,401	0	0
GRAINGER W W INC COM	COM	384802104	599	1,524	SH		DFND	1,2	1,524	0	0
HARTFORD FINL SV HIG	COM	416515104	1,097	15,618	SH		DFND	1	15,618	0	0
HARTFORD FINL SV HIG	COM	416515104	696	9,902	SH		DFND	1,2	9,902	0	0
HENRY SCHEIN INC	COM	806407102	1,045	13,718	SH		DFND	1	13,718	0	0
HENRY SCHEIN INC	COM	806407102	664	8,712	SH		DFND	1,2	8,712	0	0
HERSHEY CO THE	COM	427866108	993	5,867	SH		DFND	1	5,867	0	0
HERSHEY CO THE	COM	427866108	630	3,723	SH		DFND	1,2	3,723	0	0
HOLOGIC INC	COM	436440101	997	13,502	SH		DFND	1	13,502	0	0
HOLOGIC INC	COM	436440101	632	8,561	SH		DFND	1,2	8,561	0	0
HOME DEPOT INC	COM	437076102	1,053	3,207	SH		DFND	1	3,207	0	0
HOME DEPOT INC	COM	437076102	668	2,035	SH		DFND	1,2	2,035	0	0
HONEYWELL INTERNATIONAL	COM	438516106	960	4,521	SH		DFND	1	4,521	0	0
HONEYWELL INTERNATIONAL	COM	438516106	608	2,866	SH		DFND	1,2	2,866	0	0
HUNT JB TRANSPRT SVCS INC	COM	445658107	1,004	6,003	SH		DFND	1	6,003	0	0
HUNT JB TRANSPRT SVCS INC	COM	445658107	636	3,806	SH		DFND	1,2	3,806	0	0
HUNTINGTON INGALLS INDUSTRIES	COM	446413106	970	5,026	SH		DFND	1	5,026	0	0
HUNTINGTON INGALLS INDUSTRIES	COM	446413106	617	3,197	SH		DFND	1,2	3,197	0	0
ILLINOIS TOOL WORKS	COM	452308109	932	4,509	SH		DFND	1	4,509	0	0
ILLINOIS TOOL WORKS	COM	452308109	592	2,864	SH		DFND	1,2	2,864	0	0
INTEL CORP CAP	COM	458140100	53,704	1,007,954	SH		DFND	1	1,007,954	0	0
INTEL CORP CAP	COM	458140100	69,091	1,296,751	SH		DFND	1,2	1,296,751	0	0
INTL BUSINESS MACHINES CORP	COM	459200101	1,030	7,411	SH		DFND	1	7,411	0	0
INTL BUSINESS MACHINES CORP	COM	459200101	654	4,704	SH		DFND	1,2	4,704	0	0
JOHNSON & JOHNSON	COM	478160104	954	5,906	SH		DFND	1	5,906	0	0
JOHNSON & JOHNSON	COM	478160104	606	3,754	SH		DFND	1,2	3,754	0	0
JOHNSON CONTROLS INTERNATION	SHS	G51502105	954	14,011	SH		DFND	1	14,011	0	0
JOHNSON CONTROLS INTERNATION	SHS	G51502105	605	8,887	SH		DFND	1,2	8,887	0	0
L3HARRIS TECHNOLOGIES INC	COM	502431109	984	4,470	SH		DFND	1	4,470	0	0
L3HARRIS TECHNOLOGIES INC	COM	502431109	625	2,840	SH		DFND	1,2	2,840	0	0
LABORATORY CRP OF AMER HLDGS	COM NEW	50540R409	977	3,472	SH		DFND	1	3,472	0	0
LABORATORY CRP OF AMER HLDGS	COM NEW	50540R409	619	2,201	SH		DFND	1,2	2,201	0	0
MARSH & MCLENNAN COS INC	COM	571748102	1,015	6,705	SH		DFND	1	6,705	0	0
MARSH & MCLENNAN COS INC	COM	571748102	645	4,257	SH		DFND	1,2	4,257	0	0
MARTIN MARIETTA MATERIALS INC	COM	573284106	941	2,755	SH		DFND	1	2,755	0	0
MARTIN MARIETTA MATERIALS INC	COM	573284106	597	1,748	SH		DFND	1,2	1,748	0	0
MERCK & CO. INC.	COM	58933Y105	59,490	792,034	SH		DFND	1	792,034	0	0
MERCK & CO. INC.	COM	58933Y105	79,014	1,051,980	SH		DFND	1,2	1,051,980	0	0
MICROSOFT CORP	COM	594918104	135,241	479,714	SH		DFND	1	479,714	0	0
MICROSOFT CORP	COM	594918104	197,486	700,503	SH		DFND	1,2	700,503	0	0
MONSTER BEVERAGE CORP	COM	61174X109	961	10,821	SH		DFND	1	10,821	0	0
MONSTER BEVERAGE CORP	COM	61174X109	610	6,864	SH		DFND	1,2	6,864	0	0
MOTOROLA SOLUTIONS INC	COM NEW	620076307	1,014	4,364	SH		DFND	1	4,364	0	0
MOTOROLA SOLUTIONS INC	COM NEW	620076307	644	2,772	SH		DFND	1,2	2,772	0	0
NORFOLK SOUTHERN CORP	COM	655844108	951	3,977	SH		DFND	1	3,977	0	0
NORFOLK SOUTHERN CORP	COM	655844108	602	2,517	SH		DFND	1,2	2,517	0	0
NVR INC	COM	62944T105	920	192	SH		DFND	1	192	0	0
NVR INC	COM	62944T105	575	120	SH		DFND	1,2	120	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	1,061	1,736	SH		DFND	1	1,736	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	673	1,102	SH		DFND	1,2	1,102	0	0
PACKAGING CORP OF AMERICA	COM	695156109	972	7,072	SH		DFND	1	7,072	0	0
PACKAGING CORP OF AMERICA	COM	695156109	617	4,486	SH		DFND	1,2	4,486	0	0
PEOPLE'S UNITED FINANCIAL INC	COM	712704105	1,137	65,080	SH		DFND	1	65,080	0	0
PEOPLE'S UNITED FINANCIAL INC	COM	712704105	722	41,331	SH		DFND	1,2	41,331	0	0
PEPSICO INC	COM	713448108	1,001	6,656	SH		DFND	1	6,656	0	0
PEPSICO INC	COM	713448108	635	4,223	SH		DFND	1,2	4,223	0	0
PERKINELMER INC	COM	714046109	994	5,737	SH		DFND	1	5,737	0	0
PERKINELMER INC	COM	714046109	631	3,643	SH		DFND	1,2	3,643	0	0
PFIZER INC	COM	717081103	920	21,385	SH		DFND	1	21,385	0	0
PFIZER INC	COM	717081103	585	13,605	SH		DFND	1,2	13,605	0	0
PHILIP MORRIS INTL INC	COM	718172109	985	10,391	SH		DFND	1	10,391	0	0
PHILIP MORRIS INTL INC	COM	718172109	625	6,593	SH		DFND	1,2	6,593	0	0
POOL CORP	COM	73278L105	950	2,187	SH		DFND	1	2,187	0	0
POOL CORP	COM	73278L105	603	1,387	SH		DFND	1,2	1,387	0	0
PPG INDUSTRIES INC	COM	693506107	918	6,421	SH		DFND	1	6,421	0	0
PPG INDUSTRIES INC	COM	693506107	582	4,071	SH		DFND	1,2	4,071	0	0
PRICE T ROWE GROUP INC COM	COM	74144T108	58,938	299,634	SH		DFND	1	299,634	0	0
PRICE T ROWE GROUP INC COM	COM	74144T108	32,110	163,241	SH		DFND	1,2	163,241	0	0
PROCTER & GAMBLE CO	COM	742718109	61,284	438,369	SH		DFND	1	438,369	0	0
PROCTER & GAMBLE CO	COM	742718109	70,881	507,020	SH		DFND	1,2	507,020	0	0
PROGRESSIVE CORP	COM	743315103	978	10,820	SH		DFND	1	10,820	0	0
PROGRESSIVE CORP	COM	743315103	620	6,862	SH		DFND	1,2	6,862	0	0
QUALCOMM INC	COM	747525103	930	7,206	SH		DFND	1	7,206	0	0
QUALCOMM INC	COM	747525103	591	4,576	SH		DFND	1,2	4,576	0	0
REGENERON PHARMACEUTICALS	COM	75886F107	944	1,560	SH		DFND	1	1,560	0	0
REGENERON PHARMACEUTICALS	COM	75886F107	597	986	SH		DFND	1,2	986	0	0
RENAISSANCERE HOLDINGS LTD	COM	G7496G103	9,844	70,614	SH		DFND	1	70,614	0	0
RENAISSANCERE HOLDINGS LTD	COM	G7496G103	11,949	85,715	SH		DFND	1,2	85,715	0	0
REPUBLIC SERVICES INC	COM	760759100	1,026	8,542	SH		DFND	1	8,542	0	0
REPUBLIC SERVICES INC	COM	760759100	651	5,420	SH		DFND	1,2	5,420	0	0
ROCKWELL AUTOMATION INC	COM	773903109	965	3,281	SH		DFND	1	3,281	0	0
ROCKWELL AUTOMATION INC	COM	773903109	612	2,082	SH		DFND	1,2	2,082	0	0
ROYAL DUTCH SHELL SPON ADR B	SPON ADR B	780259107	96,817	2,186,960	SH		DFND	1	2,186,960	0	0
ROYAL DUTCH SHELL SPON ADR B	SPON ADR B	780259107	64,485	1,456,640	SH		DFND	1,2	1,456,640	0	0
SAFETY INSURANCE GROUP INC	COM	78648T100	51,356	648,031	SH		DFND	1	648,031	0	0
SAFETY INSURANCE GROUP INC	COM	78648T100	81,370	1,026,751	SH		DFND	1,2	1,026,751	0	0
SMITH A O CORP	COM	831865209	892	14,611	SH		DFND	1	14,611	0	0
SMITH A O CORP	COM	831865209	566	9,273	SH		DFND	1,2	9,273	0	0
TARGET CORP	COM	87612E106	949	4,148	SH		DFND	1	4,148	0	0
TARGET CORP	COM	87612E106	603	2,635	SH		DFND	1,2	2,635	0	0
TEXAS INSTRUMENT	COM	882508104	1,061	5,516	SH		DFND	1	5,516	0	0
TEXAS INSTRUMENT	COM	882508104	675	3,507	SH		DFND	1,2	3,507	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	1,080	1,891	SH		DFND	1	1,891	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	686	1,200	SH		DFND	1,2	1,200	0	0
TJX COS INC/THE	COM	872540109	909	13,774	SH		DFND	1	13,774	0	0
TJX COS INC/THE	COM	872540109	576	8,732	SH		DFND	1,2	8,732	0	0
TOYOTA MOTOR CORP SPON ADR	SP ADR REP2COM	892331307	57,296	322,343	SH		DFND	1	322,343	0	0
TOYOTA MOTOR CORP SPON ADR	SP ADR REP2COM	892331307	31,517	177,312	SH		DFND	1,2	177,312	0	0
TRACTOR SUPPLY CO	COM	892356106	1,084	5,352	SH		DFND	1	5,352	0	0
TRACTOR SUPPLY CO	COM	892356106	688	3,396	SH		DFND	1,2	3,396	0	0
TRANE TECHNOLOGIES PLC	SHS	G8994E103	923	5,344	SH		DFND	1	5,344	0	0
TRANE TECHNOLOGIES PLC	SHS	G8994E103	585	3,390	SH		DFND	1,2	3,390	0	0
TRAVELERS COS INC	COM	89417E109	991	6,518	SH		DFND	1	6,518	0	0
TRAVELERS COS INC	COM	89417E109	629	4,136	SH		DFND	1,2	4,136	0	0
TYSON FOODS	CL A	902494103	1,048	13,281	SH		DFND	1	13,281	0	0
TYSON FOODS	CL A	902494103	665	8,430	SH		DFND	1,2	8,430	0	0
UNION PACIFIC CORP	COM	907818108	920	4,692	SH		DFND	1	4,692	0	0
UNION PACIFIC CORP	COM	907818108	582	2,970	SH		DFND	1,2	2,970	0	0
UNITED PARCEL SERVICE CL B	CL B	911312106	981	5,387	SH		DFND	1	5,387	0	0
UNITED PARCEL SERVICE CL B	CL B	911312106	623	3,419	SH		DFND	1,2	3,419	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	958	2,452	SH		DFND	1	2,452	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	608	1,555	SH		DFND	1,2	1,555	0	0
UNIVERSAL HEALTH SERVICES B	CL B	913903100	940	6,792	SH		DFND	1	6,792	0	0
UNIVERSAL HEALTH SERVICES B	CL B	913903100	597	4,312	SH		DFND	1,2	4,312	0	0
VERISK ANALYTICS INC	COM	92345Y106	37,576	187,625	SH		DFND	1	187,625	0	0