EULAV Asset Management 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
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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
ABB LTD	SPONSORED ADR	000375204	2,005	85,000	SH		DFND		0	85,000	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	12,475	169,400	SH		DFND		0	169,400	0
ACE LTD	SHS	H0023R105	1,965	21,000	SH		DFND		0	21,000	0
ACTUANT CORP	CL A NEW	00508X203	1,942	50,000	SH		DFND		0	50,000	0
ACUITY BRANDS INC	COM	00508Y102	11,815	128,400	SH		DFND		0	128,400	0
ADOBE SYS INC	COM	00724F101	1,060	20,400	SH		DFND		0	20,400	0
ADVENT SOFTWARE INC	COM	007974108	1,486	46,800	SH		DFND		0	46,800	0
ADVISORY BRD CO	COM	00762W107	3,022	50,800	SH		DFND		0	50,800	0
AFFILIATED MANAGERS GROUP	COM	008252108	10,557	57,800	SH		DFND		0	57,800	0
AFLAC INC	COM	001055102	9,342	150,700	SH		DFND		0	150,700	0
AGL RES INC	COM	001204106	1,054	22,900	SH		DFND		0	22,900	0
AGRIUM INC	COM	008916108	1,344	16,000	SH		DFND		0	16,000	0
AIR PRODS & CHEMS INC	COM	009158106	3,517	33,000	SH		DFND		0	33,000	0
AIRGAS INC	COM	009363102	3,775	35,600	SH		DFND		0	35,600	0
AKORN INC	COM	009728106	1,822	92,600	SH		DFND		0	92,600	0
ALBEMARLE CORP	COM	012653101	636	10,100	SH		DFND		0	10,100	0
ALERE INC	NOTE 3.000% 5/1	01449JAA3	1,054	1,000,000	PRN		DFND		0	1,000,000	0
ALEXION PHARMACEUTICALS INC	COM	015351109	11,686	100,600	SH		DFND		0	100,600	0
ALLEGHANY CORP DEL	COM	017175100	1,680	4,100	SH		DFND		0	4,100	0
ALLERGAN INC	COM	018490102	8,466	93,600	SH		DFND		0	93,600	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	12,625	59,700	SH		DFND		0	59,700	0
ALLIED WRLD ASSUR COM HLDG A	SHS	H01531104	537	5,400	SH		DFND		0	5,400	0
AMERICA MOVIL SAB DE CV	SPON ADR L SHS	02364W105	1,823	92,000	SH		DFND		0	92,000	0
AMERICAN CAMPUS CMNTYS INC	COM	024835100	355	10,400	SH		DFND		0	10,400	0
AMERICAN ELEC PWR INC	COM	025537101	1,101	25,400	SH		DFND		0	25,400	0
AMERICAN STS WTR CO	COM	029899101	1,047	38,000	SH		DFND		0	38,000	0
AMERICAN TOWER CORP NEW	COM	03027X100	8,740	117,900	SH		DFND		0	117,900	0
AMERIPRISE FINL INC	COM	03076C106	1,157	12,700	SH		DFND		0	12,700	0
AMETEK INC NEW	COM	031100100	16,513	358,825	SH		DFND		0	358,825	0
AMGEN INC	COM	031162100	3,996	35,700	SH		DFND		0	35,700	0
AMPHENOL CORP NEW	CL A	032095101	7,854	101,500	SH		DFND		0	101,500	0
AMTRUST FINL SVCS INC	COM	032359309	284	7,260	SH		DFND		0	7,260	0
ANIXTER INTL INC	COM	035290105	4,427	50,500	SH		DFND		0	50,500	0
ANSYS INC	COM	03662Q105	13,690	158,226	SH		DFND		0	158,226	0
APPLE INC	COM	037833100	6,722	14,100	SH		DFND		0	14,100	0
APPLIED INDL TECHNOLOGIES IN	COM	03820C105	896	17,400	SH		DFND		0	17,400	0
APTARGROUP INC	COM	038336103	9,555	158,900	SH		DFND		0	158,900	0
ARCH CAP GROUP LTD	ORD	G0450A105	8,444	156,000	SH		DFND		0	156,000	0
ARM HLDGS PLC	SPONSORED ADR	042068106	2,392	49,700	SH		DFND		0	49,700	0
AT&T INC	COM	00206R102	2,638	78,000	SH		DFND		0	78,000	0
ATMOS ENERGY CORP	COM	049560105	1,261	29,600	SH		DFND		0	29,600	0
ATWOOD OCEANICS INC	COM	050095108	2,983	54,200	SH		DFND		0	54,200	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	4,640	64,100	SH		DFND		0	64,100	0
AUTOZONE INC	COM	053332102	13,527	32,000	SH		DFND		0	32,000	0
AVAGO TECHNOLOGIES LTD	SHS	Y0486S104	1,764	40,900	SH		DFND		0	40,900	0
AVIS BUDGET GROUP	NOTE 3.500%10/0	053774AB1	637	350,000	PRN		DFND		0	350,000	0
AZZ INC	COM	002474104	4,420	105,600	SH		DFND		0	105,600	0
B & G FOODS INC NEW	COM	05508R106	207	6,000	SH		DFND		0	6,000	0
BALL CORP	COM	058498106	2,747	61,200	SH		DFND		0	61,200	0
BANCO DE CHILE	SPONSORED ADR	059520106	763	8,316	SH		DFND		0	8,316	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	690	12,000	SH		DFND		0	12,000	0
BANK MONTREAL QUE	COM	063671101	4,744	71,000	SH		DFND		0	71,000	0
BANK N S HALIFAX	COM	064149107	1,582	27,600	SH		DFND		0	27,600	0
BARD C R INC	COM	067383109	5,921	51,400	SH		DFND		0	51,400	0
BCE INC	COM NEW	05534B760	3,758	88,000	SH		DFND		0	88,000	0
BECTON DICKINSON & CO	COM	075887109	2,821	28,200	SH		DFND		0	28,200	0
BHP BILLITON LTD	SPONSORED ADR	088606108	3,165	47,600	SH		DFND		0	47,600	0
BIO RAD LABS INC	CL A	090572207	940	8,000	SH		DFND		0	8,000	0
BIOGEN IDEC INC	COM	09062X103	2,408	10,000	SH		DFND		0	10,000	0
BIO-REFERENCE LABS INC	COM $.01 NEW	09057G602	514	17,200	SH		DFND		0	17,200	0
BLACKROCK INC	COM	09247X101	11,231	41,500	SH		DFND		0	41,500	0
BOEING CO	COM	097023105	2,585	22,000	SH		DFND		0	22,000	0
BOK FINL CORP	COM NEW	05561Q201	355	5,600	SH		DFND		0	5,600	0
BORGWARNER INC	COM	099724106	7,330	72,300	SH		DFND		0	72,300	0
BOSTON BEER INC	CL A	100557107	6,813	27,900	SH		DFND		0	27,900	0
BRE PROPERTIES INC	CL A	05564E106	863	17,000	SH		DFND		0	17,000	0
BRF SA	SPONSORED ADR	10552T107	2,674	109,000	SH		DFND		0	109,000	0
BRINKER INTL INC	COM	109641100	9,950	245,500	SH		DFND		0	245,500	0
BRISTOL MYERS SQUIBB CO	COM	110122108	3,119	67,400	SH		DFND		0	67,400	0
BRISTOW GROUP INC	NOTE 3.000% 6/1	110394AC7	307	250,000	PRN		DFND		0	250,000	0
BRITISH AMERN TOB PLC	SPONSORED ADR	110448107	5,037	47,900	SH		DFND		0	47,900	0
BROWN & BROWN INC	COM	115236101	1,027	32,000	SH		DFND		0	32,000	0
BROWN FORMAN CORP	CL B	115637209	1,451	21,300	SH		DFND		0	21,300	0
BUCKLE INC	COM	118440106	3,357	62,100	SH		DFND		0	62,100	0
BUFFALO WILD WINGS INC	COM	119848109	5,083	45,700	SH		DFND		0	45,700	0
BUNGE LIMITED	COM	G16962105	3,530	46,500	SH		DFND		0	46,500	0
C H ROBINSON WORLDWIDE INC	COM NEW	12541W209	893	15,000	SH		DFND		0	15,000	0
CACI INTL INC	NOTE 2.125% 5/0	127190AD8	446	350,000	PRN		DFND		0	350,000	0
CAMDEN PPTY TR	SH BEN INT	133131102	1,499	24,400	SH		DFND		0	24,400	0
CAMERON INTERNATIONAL CORP	COM	13342B105	1,926	33,000	SH		DFND		0	33,000	0
CANADIAN NATL RY CO	COM	136375102	13,188	130,100	SH		DFND		0	130,100	0
CANADIAN PAC RY LTD	COM	13645T100	1,159	9,400	SH		DFND		0	9,400	0
CAPITAL ONE FINL CORP	COM	14040H105	4,221	61,400	SH		DFND		0	61,400	0
CARLISLE COS INC	COM	142339100	3,810	54,200	SH		DFND		0	54,200	0
CARTER INC	COM	146229109	1,745	23,000	SH		DFND		0	23,000	0
CASEYS GEN STORES INC	COM	147528103	5,321	72,400	SH		DFND		0	72,400	0
CATAMARAN CORP	COM	148887102	6,680	145,370	SH		DFND		0	145,370	0
CDN IMPERIAL BK OF COMMERCE	COM	136069101	2,169	27,200	SH		DFND		0	27,200	0
CERNER CORP	COM	156782104	10,972	208,800	SH		DFND		0	208,800	0
CHART INDS INC	COM PAR $0.01	16115Q308	3,691	30,000	SH		DFND		0	30,000	0
CHEVRON CORP NEW	COM	166764100	10,813	89,000	SH		DFND		0	89,000	0
CHICAGO BRIDGE & IRON CO N V	COM	167250109	7,590	112,000	SH		DFND		0	112,000	0
CHURCH & DWIGHT INC	COM	171340102	12,875	214,400	SH		DFND		0	214,400	0
CINTAS CORP	COM	172908105	1,198	23,400	SH		DFND		0	23,400	0
CLARCOR INC	COM	179895107	9,257	166,700	SH		DFND		0	166,700	0
CLEAN HARBORS INC	COM	184496107	3,995	68,100	SH		DFND		0	68,100	0
CLECO CORP NEW	COM	12561W105	1,542	34,400	SH		DFND		0	34,400	0
CMS ENERGY CORP	COM	125896100	538	20,456	SH		DFND		0	20,456	0
CNOOC LTD	SPONSORED ADR	126132109	1,735	8,600	SH		DFND		0	8,600	0
COCA COLA CO	COM	191216100	1,182	31,200	SH		DFND		0	31,200	0
COCA COLA FEMSA S A B DE C V	SPON ADR REP L	191241108	2,784	22,100	SH		DFND		0	22,100	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	12,663	154,200	SH		DFND		0	154,200	0
COHERENT INC	COM	192479103	246	4,000	SH		DFND		0	4,000	0
COMCAST CORP NEW	CL A SPL	20030N200	4,337	100,000	SH		DFND		0	100,000	0
COMMERCE BANCSHARES INC	COM	200525103	946	21,600	SH		DFND		0	21,600	0
COMMVAULT SYSTEMS INC	COM	204166102	1,309	14,900	SH		DFND		0	14,900	0
COMPANHIA DE BEBIDAS DAS AME	SPON ADR PFD	20441W203	4,985	130,000	SH		DFND		0	130,000	0
COMPANHIA DE SANEAMENTO BASI	SPONSORED ADR	20441A102	2,408	241,800	SH		DFND		0	241,800	0
COMPASS MINERALS INTL INC	COM	20451N101	572	7,500	SH		DFND		0	7,500	0
CONAGRA FOODS INC	COM	205887102	886	29,200	SH		DFND		0	29,200	0
CONCUR TECHNOLOGIES INC	COM	206708109	4,763	43,100	SH		DFND		0	43,100	0
CONOCOPHILLIPS	COM	20825C104	1,898	27,300	SH		DFND		0	27,300	0
COOPER COS INC	COM NEW	216648402	1,115	8,600	SH		DFND		0	8,600	0
COPART INC	COM	217204106	1,539	48,400	SH		DFND		0	48,400	0
CORE LABORATORIES N V	COM	N22717107	3,740	22,100	SH		DFND		0	22,100	0
COSTCO WHSL CORP NEW	COM	22160K105	8,116	70,500	SH		DFND		0	70,500	0
CROWN CASTLE INTL CORP	COM	228227104	7,989	109,400	SH		DFND		0	109,400	0
CROWN HOLDINGS INC	COM	228368106	5,797	137,100	SH		DFND		0	137,100	0
CTRIP COM INTL LTD	AMERICAN DEP SHS	22943F100	2,162	37,000	SH		DFND		0	37,000	0
CVS CAREMARK CORPORATION	COM	126650100	2,974	52,400	SH		DFND		0	52,400	0
CYTEC INDS INC	COM	232820100	3,433	42,200	SH		DFND		0	42,200	0
DANAHER CORP DEL	COM	235851102	14,696	212,000	SH		DFND		0	212,000	0
DARDEN RESTAURANTS INC	COM	237194105	4,717	101,900	SH		DFND		0	101,900	0
DAVITA HEALTHCARE PARTNERS I	COM	23918K108	558	9,800	SH		DFND		0	9,800	0
DENTSPLY INTL INC NEW	COM	249030107	3,056	70,400	SH		DFND		0	70,400	0
DIAGEO P L C	SPON ADR NEW	25243Q205	712	5,600	SH		DFND		0	5,600	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	2,007	32,200	SH		DFND		0	32,200	0
DICKS SPORTING GOODS INC	COM	253393102	4,068	76,200	SH		DFND		0	76,200	0
DIGITAL RLTY TR INC	COM	253868103	3,080	58,000	SH		DFND		0	58,000	0
DIRECTV	COM	25490A309	4,314	72,200	SH		DFND		0	72,200	0
DISCOVER FINL SVCS	COM	254709108	2,856	56,500	SH		DFND		0	56,500	0
DISNEY WALT CO	COM DISNEY	254687106	3,895	60,400	SH		DFND		0	60,400	0
DOMINOS PIZZA INC	COM	25754A201	10,111	148,800	SH		DFND		0	148,800	0
DONALDSON INC	COM	257651109	6,825	179,000	SH		DFND		0	179,000	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	1,587	35,400	SH		DFND		0	35,400	0
DRIL-QUIP INC	COM	262037104	941	8,200	SH		DFND		0	8,200	0
DSW INC	CL A	23334L102	3,072	36,000	SH		DFND		0	36,000	0
DU PONT E I DE NEMOURS & CO	COM	263534109	3,572	61,000	SH		DFND		0	61,000	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	1,759	26,333	SH		DFND		0	26,333	0
DUN & BRADSTREET CORP DEL NE	COM	26483E100	2,762	26,600	SH		DFND		0	26,600	0
E M C CORP MASS	COM	268648102	4,817	188,442	SH		DFND		0	188,442	0
EATON CORP PLC	SHS	G29183103	1,597	23,200	SH		DFND		0	23,200	0
EATON VANCE CORP	COM NON VTG	278265103	544	14,000	SH		DFND		0	14,000	0
EBAY INC	COM	278642103	4,034	72,300	SH		DFND		0	72,300	0
ECOLAB INC	COM	278865100	15,249	154,400	SH		DFND		0	154,400	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	3,955	56,800	SH		DFND		0	56,800	0
EL PASO ELEC CO	COM NEW	283677854	1,396	41,800	SH		DFND		0	41,800	0
EMERSON ELEC CO	COM	291011104	1,132	17,500	SH		DFND		0	17,500	0
ENBRIDGE INC	COM	29250N105	2,575	61,700	SH		DFND		0	61,700	0
ENERGEN CORP	COM	29265N108	840	11,000	SH		DFND		0	11,000	0
ENERGIZER HLDGS INC	COM	29266R108	6,034	66,200	SH		DFND		0	66,200	0
ENERSYS	COM	29275Y102	7,215	119,000	SH		DFND		0	119,000	0
ENERSYS	NOTE 3.375% 6/0	29275YAA0	309	200,000	PRN		DFND		0	200,000	0
ENPRO INDS INC	COM	29355X107	2,529	42,000	SH		DFND		0	42,000	0
ENSCO PLC	SHS CLASS A	G3157S106	1,583	29,455	SH		DFND		0	29,455	0
ENSTAR GROUP LIMITED	SHS	G3075P101	410	3,000	SH		DFND		0	3,000	0
EOG RES INC	COM	26875P101	2,539	15,000	SH		DFND		0	15,000	0
EQT CORP	COM	26884L109	9,049	102,000	SH		DFND		0	102,000	0
EQUIFAX INC	COM	294429105	1,873	31,300	SH		DFND		0	31,300	0
EQUINIX INC	COM NEW	29444U502	6,318	34,400	SH		DFND		0	34,400	0
EQUINIX INC	NOTE 4.750% 6/1	29444UAH9	674	300,000	PRN		DFND		0	300,000	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	2,392	70,000	SH		DFND		0	70,000	0
EQUITY ONE	COM	294752100	1,008	46,100	SH		DFND		0	46,100	0
ESSEX PPTY TR INC	COM	297178105	1,388	9,400	SH		DFND		0	9,400	0
ESTERLINE TECHNOLOGIES CORP	COM	297425100	8,285	103,700	SH		DFND		0	103,700	0
EVEREST RE GROUP LTD	COM	G3223R108	349	2,400	SH		DFND		0	2,400	0
EXPEDITORS INTL WASH INC	COM	302130109	3,635	82,500	SH		DFND		0	82,500	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	10,347	167,480	SH		DFND		0	167,480	0
EXXON MOBIL CORP	COM	30231G102	5,076	59,000	SH		DFND		0	59,000	0
F M C CORP	COM NEW	302491303	10,141	141,400	SH		DFND		0	141,400	0
FASTENAL CO	COM	311900104	2,965	59,000	SH		DFND		0	59,000	0
FEDEX CORP	COM	31428X106	10,612	93,000	SH		DFND		0	93,000	0
FIDELITY NATIONAL FINANCIAL	NOTE 4.250% 8/1	31620RAE5	425	300,000	PRN		DFND		0	300,000	0
FIFTH & PAC COS INC	COM	316645100	854	34,000	SH		DFND		0	34,000	0
FIRST CASH FINL SVCS INC	COM	31942D107	1,785	30,800	SH		DFND		0	30,800	0
FIRST FINL BANKSHARES	COM	32020R109	1,404	23,874	SH		DFND		0	23,874	0
FISERV INC	COM	337738108	1,273	12,600	SH		DFND		0	12,600	0
FLOWERS FOODS INC	COM	343498101	12,865	600,037	SH		DFND		0	600,037	0
FLOWSERVE CORP	COM	34354P105	1,759	28,200	SH		DFND		0	28,200	0
FMC TECHNOLOGIES INC	COM	30249U101	7,094	128,000	SH		DFND		0	128,000	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	2,466	25,400	SH		DFND		0	25,400	0
FRANKLIN ELEC INC	COM	353514102	465	11,800	SH		DFND		0	11,800	0
FRANKLIN RES INC	COM	354613101	1,516	30,000	SH		DFND		0	30,000	0
FRESENIUS MED CARE AG&CO KGA	SPONSORED ADR	358029106	278	8,600	SH		DFND		0	8,600	0
GENERAL DYNAMICS CORP	COM	369550108	7,194	82,200	SH		DFND		0	82,200	0
GENERAL MLS INC	COM	370334104	12,694	264,900	SH		DFND		0	264,900	0
GENERAL MTRS CO	JR PFD CNV SRB	37045V209	201	4,000	SH		DFND		0	4,000	0
GENESCO INC	COM	371532102	984	15,000	SH		DFND		0	15,000	0
GENESEE & WYO INC	CL A	371559105	5,048	54,300	SH		DFND		0	54,300	0
GENUINE PARTS CO	COM	372460105	5,824	72,000	SH		DFND		0	72,000	0
GILDAN ACTIVEWEAR INC	COM	375916103	1,788	38,500	SH		DFND		0	38,500	0
GILEAD SCIENCES INC	COM	375558103	5,467	87,000	SH		DFND		0	87,000	0
GILEAD SCIENCES INC	NOTE 1.625% 5/0	375558AP8	277	100,000	PRN		DFND		0	100,000	0
GOODRICH PETE CORP	NOTE 5.000%10/0	382410AC2	269	250,000	PRN		DFND		0	250,000	0
GOOGLE INC	CL A	38259P508	6,657	7,600	SH		DFND		0	7,600	0
GRACO INC	COM	384109104	4,295	58,000	SH		DFND		0	58,000	0
GRAINGER W W INC	COM	384802104	10,756	41,100	SH		DFND		0	41,100	0
GREEN MTN COFFEE ROASTERS IN	COM	393122106	678	9,000	SH		DFND		0	9,000	0
GREIF INC	CL A	397624107	2,285	46,600	SH		DFND		0	46,600	0
GROUPE CGI INC	CL A SUB VTG	39945C109	316	9,000	SH		DFND		0	9,000	0
HANESBRANDS INC	COM	410345102	349	5,600	SH		DFND		0	5,600	0
HARRIS CORP DEL	COM	413875105	1,909	32,200	SH		DFND		0	32,200	0
HARRIS TEETER SUPERMARKETS I	COM	414585109	2,755	56,000	SH		DFND		0	56,000	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	1,673	53,760	SH		DFND		0	53,760	0
HCP INC	COM	40414L109	983	24,000	SH		DFND		0	24,000	0
HDFC BANK LTD	ADR REPS 3 SHS	40415F101	2,324	75,500	SH		DFND		0	75,500	0
HEALTH CARE REIT INC	COM	42217K106	1,335	21,400	SH		DFND		0	21,400	0
HEALTHCARE SVCS GRP INC	COM	421906108	943	36,600	SH		DFND		0	36,600	0
HEARTLAND PMT SYS INC	COM	42235N108	763	19,200	SH		DFND		0	19,200	0
HEICO CORP NEW	COM	422806109	10,289	151,895	SH		DFND		0	151,895	0
HESS CORP	COM	42809H107	1,245	16,100	SH		DFND		0	16,100	0
HMS HLDGS CORP	COM	40425J101	1,002	46,600	SH		DFND		0	46,600	0
HOME DEPOT INC	COM	437076102	1,032	13,600	SH		DFND		0	13,600	0
HORMEL FOODS CORP	COM	440452100	8,062	191,400	SH		DFND		0	191,400	0
HORNBECK OFFSHORE SVCS INC N	COM	440543106	1,953	34,000	SH		DFND		0	34,000	0
HORNBECK OFFSHORE SVCS INC N	FRNT 1.625%11/1	440543AE6	296	250,000	PRN		DFND		0	250,000	0
HUB GROUP INC	CL A	443320106	1,028	26,200	SH		DFND		0	26,200	0
HUNT J B TRANS SVCS INC	COM	445658107	4,937	67,700	SH		DFND		0	67,700	0
HUNTINGTON BANCSHARES INC	PFD CONV SER A	446150401	310	250	SH		DFND		0	250	0
IDEX CORP	COM	45167R104	13,353	204,650	SH		DFND		0	204,650	0
IDEXX LABS INC	COM	45168D104	8,699	87,300	SH		DFND		0	87,300	0
IHS INC	CL A	451734107	4,145	36,300	SH		DFND		0	36,300	0
ILLINOIS TOOL WKS INC	COM	452308109	1,335	17,500	SH		DFND		0	17,500	0
INGREDION INC	COM	457187102	3,514	53,100	SH		DFND		0	53,100	0
INSULET CORP	NOTE 3.750% 6/1	45784PAC5	434	300,000	PRN		DFND		0	300,000	0
INTEL CORP	COM	458140100	5,042	220,000	SH		DFND		0	220,000	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	4,815	26,000	SH		DFND		0	26,000	0
INTERNATIONAL GAME TECHNOLOG	NOTE 3.250% 5/0	459902AQ5	221	200,000	PRN		DFND		0	200,000	0
INTUIT	COM	461202103	2,248	33,900	SH		DFND		0	33,900	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	828	2,200	SH		DFND		0	2,200	0
IRON MTN INC	COM	462846106	1,871	69,231	SH		DFND		0	69,231	0
ITAU UNIBANCO HLDG SA	SPON ADR REP PFD	465562106	431	30,513	SH		DFND		0	30,513	0
ITC HLDGS CORP	COM	465685105	10,522	112,100	SH		DFND		0	112,100	0
ITT CORP NEW	COM NEW	450911201	4,438	123,450	SH		DFND		0	123,450	0
J & J SNACK FOODS CORP	COM	466032109	3,584	44,400	SH		DFND		0	44,400	0
J2 GLOBAL INC	COM	48123V102	2,194	44,300	SH		DFND		0	44,300	0
JOHNSON & JOHNSON	COM	478160104	3,130	36,100	SH		DFND		0	36,100	0
JOHNSON CTLS INC	COM	478366107	1,369	33,000	SH		DFND		0	33,000	0
JPMORGAN CHASE & CO	COM	46625H100	5,355	103,600	SH		DFND		0	103,600	0
KANSAS CITY SOUTHERN	COM NEW	485170302	9,263	84,700	SH		DFND		0	84,700	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	702	16,400	SH		DFND		0	16,400	0
KIRBY CORP	COM	497266106	13,450	155,400	SH		DFND		0	155,400	0
KROGER CO	COM	501044101	1,731	42,900	SH		DFND		0	42,900	0
L-3 COMMUNICATIONS HLDGS INC	COM	502424104	1,644	17,400	SH		DFND		0	17,400	0
LAM RESEARCH CORP	NOTE 1.250% 5/1	512807AL2	241	200,000	PRN		DFND		0	200,000	0
LANDSTAR SYS INC	COM	515098101	392	7,000	SH		DFND		0	7,000	0
LAS VEGAS SANDS CORP	COM	517834107	4,716	71,000	SH		DFND		0	71,000	0
LENNOX INTL INC	COM	526107107	6,894	91,600	SH		DFND		0	91,600	0
LIFE TIME FITNESS INC	COM	53217R207	2,501	48,600	SH		DFND		0	48,600	0
LILLY ELI & CO	COM	532457108	981	19,500	SH		DFND		0	19,500	0
LINCOLN ELEC HLDGS INC	COM	533900106	8,327	125,000	SH		DFND		0	125,000	0
LKQ CORP	COM	501889208	14,662	460,200	SH		DFND		0	460,200	0
LOCKHEED MARTIN CORP	COM	539830109	1,365	10,700	SH		DFND		0	10,700	0
LOWES COS INC	COM	548661107	1,857	39,000	SH		DFND		0	39,000	0
LUXOTTICA GROUP S P A	SPONSORED ADR	55068R202	484	9,200	SH		DFND		0	9,200	0
M & T BK CORP	COM	55261F104	10,778	96,300	SH		DFND		0	96,300	0
MACQUARIE INFRASTR CO LLC	MEMBERSHIP INT	55608B105	867	16,200	SH		DFND		0	16,200	0
MASTEC INC	NOTE 4.000% 6/1	576323AL3	291	150,000	PRN		DFND		0	150,000	0
MASTERCARD INC	CL A	57636Q104	12,379	18,400	SH		DFND		0	18,400	0
MCCORMICK & CO INC	COM NON VTG	579780206	712	11,000	SH		DFND		0	11,000	0
MCDONALDS CORP	COM	580135101	13,008	135,200	SH		DFND		0	135,200	0
MCKESSON CORP	COM	58155Q103	5,427	42,300	SH		DFND		0	42,300	0
MDU RES GROUP INC	COM	552690109	526	18,800	SH		DFND		0	18,800	0
MEDNAX INC	COM	58502B106	6,034	60,100	SH		DFND		0	60,100	0
MERCK & CO INC NEW	COM	58933Y105	2,276	47,800	SH		DFND		0	47,800	0
METLIFE INC	COM	59156R108	1,600	34,072	SH		DFND		0	34,072	0
METLIFE INC	UNIT 99/99/9999	59156R116	459	16,000	SH		DFND		0	16,000	0
METTLER TOLEDO INTERNATIONAL	COM	592688105	10,468	43,600	SH		DFND		0	43,600	0
MGM RESORTS INTERNATIONAL	NOTE 4.250% 4/1	55303QAE0	255	200,000	PRN		DFND		0	200,000	0
MICROS SYS INC	COM	594901100	2,592	51,900	SH		DFND		0	51,900	0
MICROSOFT CORP	COM	594918104	2,825	84,800	SH		DFND		0	84,800	0
MIDDLEBY CORP	COM	596278101	10,007	47,900	SH		DFND		0	47,900	0
MONRO MUFFLER BRAKE INC	COM	610236101	967	20,800	SH		DFND		0	20,800	0
MONSANTO CO NEW	COM	61166W101	2,296	22,000	SH		DFND		0	22,000	0
MOTOROLA SOLUTIONS INC	COM NEW	620076307	2,142	36,071	SH		DFND		0	36,071	0
MOVADO GROUP INC	COM	624580106	446	10,200	SH		DFND		0	10,200	0
MSC INDL DIRECT INC	CL A	553530106	1,106	13,600	SH		DFND		0	13,600	0
MWI VETERINARY SUPPLY INC	COM	55402X105	4,048	27,100	SH		DFND		0	27,100	0
NAVISTAR INTL CORP NEW	NOTE 3.000%10/1	63934EAL2	304	300,000	PRN		DFND		0	300,000	0
NCR CORP NEW	COM	62886E108	3,327	84,000	SH		DFND		0	84,000	0
NEW JERSEY RES	COM	646025106	1,216	27,600	SH		DFND		0	27,600	0
NEWMARKET CORP	COM	651587107	9,760	33,900	SH		DFND		0	33,900	0
NEWMONT MINING CORP	COM	651639106	1,096	39,000	SH		DFND		0	39,000	0
NEXTERA ENERGY INC	COM	65339F101	2,325	29,000	SH		DFND		0	29,000	0
NIKE INC	CL B	654106103	12,872	177,200	SH		DFND		0	177,200	0
NOBLE ENERGY INC	COM	655044105	9,569	142,800	SH		DFND		0	142,800	0
NORDSON CORP	COM	655663102	2,827	38,400	SH		DFND		0	38,400	0
NORTHROP GRUMMAN CORP	COM	666807102	1,200	12,600	SH		DFND		0	12,600	0
NORTHWEST NAT GAS CO	COM	667655104	957	22,800	SH		DFND		0	22,800	0
NORTHWESTERN CORP	COM NEW	668074305	305	6,800	SH		DFND		0	6,800	0
NOVARTIS A G	SPONSORED ADR	66987V109	3,268	42,600	SH		DFND		0	42,600	0
NOVO-NORDISK A S	ADR	670100205	10,932	64,600	SH		DFND		0	64,600	0
O REILLY AUTOMOTIVE INC NEW	COM	67103H107	10,437	81,800	SH		DFND		0	81,800	0
OCEANEERING INTL INC	COM	675232102	812	10,000	SH		DFND		0	10,000	0
OIL STS INTL INC	COM	678026105	517	5,000	SH		DFND		0	5,000	0
ON SEMICONDUCTOR CORP	NOTE 2.625%12/1	682189AG0	352	350,000	PRN		DFND		0	350,000	0
ONEOK INC NEW	COM	682680103	4,106	77,000	SH		DFND		0	77,000	0
OPEN TEXT CORP	COM	683715106	1,583	21,200	SH		DFND		0	21,200	0
ORACLE CORP	COM	68389X105	4,030	121,500	SH		DFND		0	121,500	0
OSHKOSH CORP	COM	688239201	4,178	85,300	SH		DFND		0	85,300	0
OWENS & MINOR INC NEW	COM	690732102	1,280	37,000	SH		DFND		0	37,000	0
PACKAGING CORP AMER	COM	695156109	4,407	77,200	SH		DFND		0	77,200	0
PARKER HANNIFIN CORP	COM	701094104	9,589	88,200	SH		DFND		0	88,200	0
PARTNERRE LTD	COM	G6852T105	3,167	34,600	SH		DFND		0	34,600	0
PEABODY ENERGY CORP	SDCV 4.750%12/1	704549AG9	642	800,000	PRN		DFND		0	800,000	0
PENN NATL GAMING INC	COM	707569109	3,731	67,400	SH		DFND		0	67,400	0
PEOPLES UNITED FINANCIAL INC	COM	712704105	1,639	114,000	SH		DFND		0	114,000	0
PEPSICO INC	COM	713448108	12,267	154,300	SH		DFND		0	154,300	0
PFIZER INC	COM	717081103	2,681	93,388	SH		DFND		0	93,388	0
PIEDMONT NAT GAS INC	COM	720186105	1,749	53,200	SH		DFND		0	53,200	0
PIONEER NAT RES CO	COM	723787107	1,009	5,346	SH		DFND		0	5,346	0
POOL CORPORATION	COM	73278L105	1,285	22,900	SH		DFND		0	22,900	0
PORTFOLIO RECOVERY ASSOCS IN	COM	73640Q105	5,005	83,500	SH		DFND		0	83,500	0
PRAXAIR INC	COM	74005P104	12,706	105,700	SH		DFND		0	105,700	0
PRECISION CASTPARTS CORP	COM	740189105	13,248	58,300	SH		DFND		0	58,300	0
PRICE T ROWE GROUP INC	COM	74144T108	4,604	64,000	SH		DFND		0	64,000	0
PRICELINE COM INC	COM NEW	741503403	3,033	3,000	SH		DFND		0	3,000	0
PRINCIPAL FINL GROUP INC	COM	74251V102	428	10,000	SH		DFND		0	10,000	0
PROASSURANCE CORP	COM	74267C106	6,714	149,000	SH		DFND		0	149,000	0
PROCTER & GAMBLE CO	COM	742718109	2,948	39,000	SH		DFND		0	39,000	0
PROSPERITY BANCSHARES INC	COM	743606105	2,758	44,600	SH		DFND		0	44,600	0
PRUDENTIAL FINL INC	COM	744320102	5,474	70,200	SH		DFND		0	70,200	0
PVH CORP	COM	693656100	1,330	11,207	SH		DFND		0	11,207	0
QUALCOMM INC	COM	747525103	4,197	62,300	SH		DFND		0	62,300	0
QUESTAR CORP	COM	748356102	4,797	213,300	SH		DFND		0	213,300	0
RALPH LAUREN CORP	CL A	751212101	2,141	13,000	SH		DFND		0	13,000	0
RAYTHEON CO	COM NEW	755111507	2,998	38,900	SH		DFND		0	38,900	0
RBC BEARINGS INC	COM	75524B104	593	9,000	SH		DFND		0	9,000	0
RENAISSANCERE HOLDINGS LTD	COM	G7496G103	362	4,000	SH		DFND		0	4,000	0
REPUBLIC SVCS INC	COM	760759100	7,162	214,700	SH		DFND		0	214,700	0
RESMED INC	COM	761152107	687	13,000	SH		DFND		0	13,000	0
REYNOLDS AMERICAN INC	COM	761713106	4,439	91,000	SH		DFND		0	91,000	0
RLI CORP	COM	749607107	4,817	55,100	SH		DFND		0	55,100	0
ROCKWELL AUTOMATION INC	COM	773903109	1,390	13,000	SH		DFND		0	13,000	0
ROCKWOOD HLDGS INC	COM	774415103	4,522	67,600	SH		DFND		0	67,600	0
ROLLINS INC	COM	775711104	9,167	345,800	SH		DFND		0	345,800	0
ROPER INDS INC NEW	COM	776696106	16,715	125,800	SH		DFND		0	125,800	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	5,162	80,400	SH		DFND		0	80,400	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	1,763	25,600	SH		DFND		0	25,600	0
RUSH ENTERPRISES INC	CL A	781846209	1,954	73,700	SH		DFND		0	73,700	0
RYANAIR HLDGS PLC	SPONSORED ADR	783513104	249	5,000	SH		DFND		0	5,000	0
SAFEWAY INC	COM NEW	786514208	2,084	65,158	SH		DFND		0	65,158	0
SALESFORCE COM INC	COM	79466L302	12,874	248,000	SH		DFND		0	248,000	0
SANOFI	SPONSORED ADR	80105N105	1,529	30,200	SH		DFND		0	30,200	0
SAP AG	SPON ADR	803054204	4,428	59,900	SH		DFND		0	59,900	0
SBA COMMUNICATIONS CORP	COM	78388J106	11,103	138,000	SH		DFND		0	138,000	0
SCHEIN HENRY INC	COM	806407102	13,885	133,900	SH		DFND		0	133,900	0
SCHLUMBERGER LTD	COM	806857108	5,231	59,200	SH		DFND		0	59,200	0
SCHWAB CHARLES CORP NEW	COM	808513105	2,537	120,000	SH		DFND		0	120,000	0
SCOTTS MIRACLE GRO CO	CL A	810186106	4,689	85,200	SH		DFND		0	85,200	0
SEMPRA ENERGY	COM	816851109	2,714	31,700	SH		DFND		0	31,700	0
SIGMA ALDRICH CORP	COM	826552101	11,661	136,700	SH		DFND		0	136,700	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	604	6,600	SH		DFND		0	6,600	0
SIGNET JEWELERS LIMITED	SHS	G81276100	2,264	31,600	SH		DFND		0	31,600	0
SILGAN HOLDINGS INC	COM	827048109	7,750	164,900	SH		DFND		0	164,900	0
SNAP ON INC	COM	833034101	497	5,000	SH		DFND		0	5,000	0
SOUTH JERSEY INDS INC	COM	838518108	6,737	115,000	SH		DFND		0	115,000	0
SOUTHWEST GAS CORP	COM	844895102	2,080	41,600	SH		DFND		0	41,600	0
STAPLES INC	COM	855030102	1,430	97,600	SH		DFND		0	97,600	0
STARBUCKS CORP	COM	855244109	9,490	123,300	SH		DFND		0	123,300	0
STATE STR CORP	COM	857477103	2,176	33,100	SH		DFND		0	33,100	0
STEEL DYNAMICS INC	NOTE 5.125% 6/1	858119AP5	382	350,000	PRN		DFND		0	350,000	0
STERICYCLE INC	COM	858912108	14,321	124,100	SH		DFND		0	124,100	0
STERIS CORP	COM	859152100	558	13,000	SH		DFND		0	13,000	0
STIFEL FINL CORP	COM	860630102	7,131	173,000	SH		DFND		0	173,000	0
SYNGENTA AG	SPONSORED ADR	87160A100	1,041	12,800	SH		DFND		0	12,800	0
TARGET CORP	COM	87612E106	3,736	58,400	SH		DFND		0	58,400	0
TAUBMAN CTRS INC	COM	876664103	538	8,000	SH		DFND		0	8,000	0
TE CONNECTIVITY LTD	REG SHS	H84989104	1,108	21,400	SH		DFND		0	21,400	0
TELEDYNE TECHNOLOGIES INC	COM	879360105	7,194	84,700	SH		DFND		0	84,700	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	3,919	103,737	SH		DFND		0	103,737	0
TEXAS INSTRS INC	COM	882508104	2,215	55,000	SH		DFND		0	55,000	0
THE ADT CORPORATION	COM	00101J106	3,298	81,100	SH		DFND		0	81,100	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	11,906	129,200	SH		DFND		0	129,200	0
TJX COS INC NEW	COM	872540109	19,127	339,200	SH		DFND		0	339,200	0
TORO CO	COM	891092108	11,968	220,200	SH		DFND		0	220,200	0
TORONTO DOMINION BK ONT	COM NEW	891160509	1,681	18,684	SH		DFND		0	18,684	0
TOTAL S A	SPONSORED ADR	89151E109	1,187	20,500	SH		DFND		0	20,500	0
TOWER GROUP INC	NOTE 5.000% 9/1	891777AC8	168	200,000	PRN		DFND		0	200,000	0
TOWERS WATSON & CO	CL A	891894107	1,572	14,700	SH		DFND		0	14,700	0
TRANSCANADA CORP	COM	89353D107	4,192	95,400	SH		DFND		0	95,400	0
TRIMBLE NAVIGATION LTD	COM	896239100	1,806	60,800	SH		DFND		0	60,800	0
TRINITY INDS INC	NOTE 3.875% 6/0	896522AF6	364	300,000	PRN		DFND		0	300,000	0
TYCO INTERNATIONAL LTD	SHS	H89128104	2,284	65,300	SH		DFND		0	65,300	0
TYLER TECHNOLOGIES INC	COM	902252105	1,772	20,258	SH		DFND		0	20,258	0
ULTIMATE SOFTWARE GROUP INC	COM	90385D107	5,852	39,700	SH		DFND		0	39,700	0
ULTRAPAR PARTICIPACOES S A	SP ADR REP COM	90400P101	802	32,600	SH		DFND		0	32,600	0
UNION PAC CORP	COM	907818108	15,767	101,500	SH		DFND		0	101,500	0
UNITED TECHNOLOGIES CORP	COM	913017109	16,259	150,800	SH		DFND		0	150,800	0
UNITEDHEALTH GROUP INC	COM	91324P102	4,153	58,000	SH		DFND		0	58,000	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	600	8,000	SH		DFND		0	8,000	0
US BANCORP DEL	COM NEW	902973304	4,982	136,200	SH		DFND		0	136,200	0
V F CORP	COM	918204108	3,344	16,800	SH		DFND		0	16,800	0
VALMONT INDS INC	COM	920253101	9,112	65,600	SH		DFND		0	65,600	0
VALSPAR CORP	COM	920355104	7,256	114,400	SH		DFND		0	114,400	0
VCA ANTECH INC	COM	918194101	1,230	44,800	SH		DFND		0	44,800	0
VERIZON COMMUNICATIONS INC	COM	92343V104	1,591	34,100	SH		DFND		0	34,100	0
VIACOM INC NEW	CL B	92553P201	2,507	30,000	SH		DFND		0	30,000	0
VISA INC	COM CL A	92826C839	2,484	13,000	SH		DFND		0	13,000	0
VMWARE INC	CL A COM	928563402	1,942	24,000	SH		DFND		0	24,000	0
WABTEC CORP	COM	929740108	8,645	137,500	SH		DFND		0	137,500	0
WALGREEN CO	COM	931422109	2,098	39,000	SH		DFND		0	39,000	0
WAL-MART STORES INC	COM	931142103	2,019	27,300	SH		DFND		0	27,300	0
WASTE CONNECTIONS INC	COM	941053100	17,267	380,250	SH		DFND		0	380,250	0
WELLPOINT INC	COM	94973V107	585	7,000	SH		DFND		0	7,000	0
WELLS FARGO & CO NEW	COM	949746101	4,843	117,200	SH		DFND		0	117,200	0
WELLS FARGO & CO NEW	PERP PFD CNV A	949746804	284	250	SH		DFND		0	250	0
WEX INC	COM	96208T104	9,135	104,100	SH		DFND		0	104,100	0
WHOLE FOODS MKT INC	COM	966837106	6,178	105,600	SH		DFND		0	105,600	0
WILEY JOHN & SONS INC	CL A	968223206	529	11,100	SH		DFND		0	11,100	0
WISCONSIN ENERGY CORP	COM	976657106	4,733	117,200	SH		DFND		0	117,200	0
WOLVERINE WORLD WIDE INC	COM	978097103	8,935	153,450	SH		DFND		0	153,450	0
WOODWARD INC	COM	980745103	3,005	73,600	SH		DFND		0	73,600	0
XCEL ENERGY INC	COM	98389B100	914	33,100	SH		DFND		0	33,100	0
XILINX INC	SDCV 3.125% 3/1	983919AD3	1,617	1,000,000	PRN		DFND		0	1,000,000	0
XILINX INC	NOTE 2.625% 6/1	983919AF8	324	200,000	PRN		DFND		0	200,000	0
YUM BRANDS INC	COM	988498101	13,279	186,000	SH		DFND		0	186,000	0
ZOETIS INC	CL A	98978V103	253	8,128	SH		DFND		0	8,128	0