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
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
ABBVIE INC	COM	00287Y109	3,928	68,000	SH		DFND		0	68,000	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	6,863	84,400	SH		DFND		0	84,400	0
ACE LTD	SHS	H0023R105	1,888	18,000	SH		DFND		0	18,000	0
ACTAVIS PLC	SHS	G0083B108	8,372	34,700	SH		DFND		0	34,700	0
ACTIVISION BLIZZARD INC	COM	00507V109	8,316	400,000	SH		DFND		0	400,000	0
ACUITY BRANDS INC	COM	00508Y102	15,185	129,000	SH		DFND		0	129,000	0
ADVENT SOFTWARE INC	COM	007974108	1,288	40,800	SH		DFND		0	40,800	0
ADVISORY BRD CO	COM	00762W107	2,367	50,800	SH		DFND		0	50,800	0
AFFILIATED MANAGERS GROUP	COM	008252108	12,723	63,500	SH		DFND		0	63,500	0
AFLAC INC	COM	001055102	7,089	121,700	SH		DFND		0	121,700	0
AGL RES INC	COM	001204106	1,278	24,900	SH		DFND		0	24,900	0
AIR PRODS & CHEMS INC	COM	009158106	1,953	15,000	SH		DFND		0	15,000	0
AIRGAS INC	COM	009363102	3,718	33,600	SH		DFND		0	33,600	0
AKORN INC	COM	009728106	3,359	92,600	SH		DFND		0	92,600	0
ALBEMARLE CORP	COM	012653101	595	10,100	SH		DFND		0	10,100	0
ALEXION PHARMACEUTICALS INC	COM	015351109	13,763	83,000	SH		DFND		0	83,000	0
ALLEGHANY CORP DEL	COM	017175100	2,802	6,700	SH		DFND		0	6,700	0
ALLERGAN INC	COM	018490102	14,077	79,000	SH		DFND		0	79,000	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	14,325	57,700	SH		DFND		0	57,700	0
ALLIANT TECHSYSTEMS INC	COM	018804104	1,787	14,000	SH		DFND		0	14,000	0
ALLIED WRLD ASSUR COM HLDG A	SHS	H01531104	597	16,200	SH		DFND		0	16,200	0
AMAZON COM INC	COM	023135106	3,224	10,000	SH		DFND		0	10,000	0
AMBEV SA	SPONSORED ADR	02319V103	4,257	650,000	SH		DFND		0	650,000	0
AMERICAN CAMPUS CMNTYS INC	COM	024835100	379	10,400	SH		DFND		0	10,400	0
AMERICAN ELEC PWR INC	COM	025537101	1,326	25,400	SH		DFND		0	25,400	0
AMERICAN STS WTR CO	COM	029899101	1,612	53,000	SH		DFND		0	53,000	0
AMERICAN TOWER CORP NEW	COM	03027X100	13,286	141,900	SH		DFND		0	141,900	0
AMETEK INC NEW	COM	031100100	18,027	359,025	SH		DFND		0	359,025	0
AMGEN INC	COM	031162100	2,950	21,000	SH		DFND		0	21,000	0
AMPHENOL CORP NEW	CL A	032095101	8,598	86,100	SH		DFND		0	86,100	0
ANIXTER INTL INC	COM	035290105	3,292	38,800	SH		DFND		0	38,800	0
ANSYS INC	COM	03662Q105	12,556	165,926	SH		DFND		0	165,926	0
APPLE INC	COM	037833100	16,845	167,200	SH		DFND		0	167,200	0
APPLIED INDL TECHNOLOGIES IN	COM	03820C105	840	18,400	SH		DFND		0	18,400	0
APTARGROUP INC	COM	038336103	9,342	153,900	SH		DFND		0	153,900	0
ARCH CAP GROUP LTD	ORD	G0450A105	8,263	151,000	SH		DFND		0	151,000	0
AT&T INC	COM	00206R102	3,101	88,000	SH		DFND		0	88,000	0
ATMOS ENERGY CORP	COM	049560105	1,555	32,600	SH		DFND		0	32,600	0
ATWOOD OCEANICS INC	COM	050095108	2,106	48,200	SH		DFND		0	48,200	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	3,548	42,700	SH		DFND		0	42,700	0
AUTOZONE INC	COM	053332102	13,251	26,000	SH		DFND		0	26,000	0
AVAGO TECHNOLOGIES LTD	SHS	Y0486S104	2,610	30,000	SH		DFND		0	30,000	0
AZZ INC	COM	002474104	4,411	105,600	SH		DFND		0	105,600	0
BAIDU INC	SPON ADR REP A	056752108	7,420	34,000	SH		DFND		0	34,000	0
BALL CORP	COM	058498106	3,872	61,200	SH		DFND		0	61,200	0
BANCO DE CHILE	SPONSORED ADR	059520106	629	8,507	SH		DFND		0	8,507	0
BANK MONTREAL QUE	COM	063671101	2,356	32,000	SH		DFND		0	32,000	0
BANK N S HALIFAX	COM	064149107	1,707	27,600	SH		DFND		0	27,600	0
BARD C R INC	COM	067383109	8,249	57,800	SH		DFND		0	57,800	0
BCE INC	COM NEW	05534B760	2,352	55,000	SH		DFND		0	55,000	0
BECTON DICKINSON & CO	COM	075887109	2,788	24,500	SH		DFND		0	24,500	0
BIOGEN IDEC INC	COM	09062X103	5,624	17,000	SH		DFND		0	17,000	0
BIO-REFERENCE LABS INC	COM $.01 NEW	09057G602	398	14,200	SH		DFND		0	14,200	0
BLACKROCK INC	COM	09247X101	9,882	30,100	SH		DFND		0	30,100	0
BOEING CO	COM	097023105	3,057	24,000	SH		DFND		0	24,000	0
BOK FINL CORP	COM NEW	05561Q201	372	5,600	SH		DFND		0	5,600	0
BORGWARNER INC	COM	099724106	7,765	147,600	SH		DFND		0	147,600	0
BOSTON BEER INC	CL A	100557107	6,542	29,500	SH		DFND		0	29,500	0
BRF SA	SPONSORED ADR	10552T107	2,831	119,000	SH		DFND		0	119,000	0
BRINKER INTL INC	COM	109641100	12,977	255,500	SH		DFND		0	255,500	0
BRISTOL MYERS SQUIBB CO	COM	110122108	1,146	22,400	SH		DFND		0	22,400	0
BRISTOW GROUP INC	NOTE 3.000% 6/1	110394AC7	269	250,000	PRN		DFND		0	250,000	0
BRITISH AMERN TOB PLC	SPONSORED ADR	110448107	5,383	47,600	SH		DFND		0	47,600	0
BROWN & BROWN INC	COM	115236101	2,347	73,000	SH		DFND		0	73,000	0
BROWN FORMAN CORP	CL B	115637209	2,102	23,300	SH		DFND		0	23,300	0
BUCKLE INC	COM	118440106	2,819	62,100	SH		DFND		0	62,100	0
BUFFALO WILD WINGS INC	COM	119848109	7,130	53,100	SH		DFND		0	53,100	0
BUNGE LIMITED	COM	G16962105	1,668	19,800	SH		DFND		0	19,800	0
CAMDEN PPTY TR	SH BEN INT	133131102	1,165	17,000	SH		DFND		0	17,000	0
CANADIAN NATL RY CO	COM	136375102	13,397	188,800	SH		DFND		0	188,800	0
CANADIAN PAC RY LTD	COM	13645T100	2,573	12,400	SH		DFND		0	12,400	0
CAPITAL ONE FINL CORP	COM	14040H105	1,992	24,400	SH		DFND		0	24,400	0
CARLISLE COS INC	COM	142339100	5,932	73,800	SH		DFND		0	73,800	0
CASEYS GEN STORES INC	COM	147528103	6,109	85,200	SH		DFND		0	85,200	0
CDN IMPERIAL BK COMM TORONTO	COM	136069101	2,354	26,200	SH		DFND		0	26,200	0
CELGENE CORP	COM	151020104	12,606	133,000	SH		DFND		0	133,000	0
CERNER CORP	COM	156782104	10,198	171,200	SH		DFND		0	171,200	0
CHEVRON CORP NEW	COM	166764100	2,565	21,500	SH		DFND		0	21,500	0
CHICAGO BRIDGE & IRON CO N V	COM	167250109	4,917	85,000	SH		DFND		0	85,000	0
CHURCH & DWIGHT INC	COM	171340102	15,042	214,400	SH		DFND		0	214,400	0
CLARCOR INC	COM	179895107	13,777	218,400	SH		DFND		0	218,400	0
CLEAN HARBORS INC	COM	184496107	3,672	68,100	SH		DFND		0	68,100	0
CLECO CORP NEW	COM	12561W105	1,656	34,400	SH		DFND		0	34,400	0
CNOOC LTD	SPONSORED ADR	126132109	449	2,600	SH		DFND		0	2,600	0
COCA COLA FEMSA S A B DE C V	SPON ADR REP L	191241108	2,478	24,600	SH		DFND		0	24,600	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	12,965	289,600	SH		DFND		0	289,600	0
COMCAST CORP NEW	CL A SPL	20030N200	6,687	125,000	SH		DFND		0	125,000	0
COMMERCE BANCSHARES INC	COM	200525103	1,926	43,130	SH		DFND		0	43,130	0
COMPANHIA DE SANEAMENTO BASI	SPONSORED ADR	20441A102	1,961	241,800	SH		DFND		0	241,800	0
COMPASS MINERALS INTL INC	COM	20451N101	228	2,700	SH		DFND		0	2,700	0
CONCUR TECHNOLOGIES INC	COM	206708109	6,100	48,100	SH		DFND		0	48,100	0
CONOCOPHILLIPS	COM	20825C104	2,089	27,300	SH		DFND		0	27,300	0
CONSTELLATION BRANDS INC	CL A	21036P108	5,883	67,500	SH		DFND		0	67,500	0
COOPER COS INC	COM NEW	216648402	2,056	13,200	SH		DFND		0	13,200	0
COPART INC	COM	217204106	1,453	46,400	SH		DFND		0	46,400	0
CORE LABORATORIES N V	COM	N22717107	3,322	22,700	SH		DFND		0	22,700	0
COSTAR GROUP INC	COM	22160N109	3,733	24,000	SH		DFND		0	24,000	0
COSTCO WHSL CORP NEW	COM	22160K105	8,146	65,000	SH		DFND		0	65,000	0
CROWN CASTLE INTL CORP	COM	228227104	717	8,900	SH		DFND		0	8,900	0
CROWN HOLDINGS INC	COM	228368106	6,593	148,100	SH		DFND		0	148,100	0
CVS HEALTH CORP	COM	126650100	4,648	58,400	SH		DFND		0	58,400	0
CYTEC INDS INC	COM	232820100	2,818	59,600	SH		DFND		0	59,600	0
DANAHER CORP DEL	COM	235851102	12,385	163,000	SH		DFND		0	163,000	0
DAVITA HEALTHCARE PARTNERS I	COM	23918K108	570	7,800	SH		DFND		0	7,800	0
DELTA AIR LINES INC DEL	COM NEW	247361702	7,591	210,000	SH		DFND		0	210,000	0
DENTSPLY INTL INC NEW	COM	249030107	3,885	85,200	SH		DFND		0	85,200	0
DIAGEO P L C	SPON ADR NEW	25243Q205	646	5,600	SH		DFND		0	5,600	0
DICKS SPORTING GOODS INC	COM	253393102	4,879	111,200	SH		DFND		0	111,200	0
DIRECTV	COM	25490A309	5,728	66,200	SH		DFND		0	66,200	0
DISCOVER FINL SVCS	COM	254709108	3,284	51,000	SH		DFND		0	51,000	0
DISCOVERY COMMUNICATNS NEW	COM SER A	25470F104	7,371	195,000	SH		DFND		0	195,000	0
DISNEY WALT CO	COM DISNEY	254687106	2,172	24,400	SH		DFND		0	24,400	0
DOMINOS PIZZA INC	COM	25754A201	7,211	93,700	SH		DFND		0	93,700	0
DONALDSON INC	COM	257651109	8,662	213,200	SH		DFND		0	213,200	0
DRIL-QUIP INC	COM	262037104	2,020	22,600	SH		DFND		0	22,600	0
DSW INC	CL A	23334L102	1,024	34,000	SH		DFND		0	34,000	0
DUN & BRADSTREET CORP DEL NE	COM	26483E100	3,125	26,600	SH		DFND		0	26,600	0
E M C CORP MASS	COM	268648102	3,027	103,442	SH		DFND		0	103,442	0
EATON VANCE CORP	COM NON VTG	278265103	528	14,000	SH		DFND		0	14,000	0
EBAY INC	COM	278642103	6,190	109,300	SH		DFND		0	109,300	0
ECOLAB INC	COM	278865100	14,629	127,400	SH		DFND		0	127,400	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	6,742	66,000	SH		DFND		0	66,000	0
EL PASO ELEC CO	COM NEW	283677854	1,491	40,800	SH		DFND		0	40,800	0
ENBRIDGE INC	COM	29250N105	3,615	75,500	SH		DFND		0	75,500	0
ENERGEN CORP	COM	29265N108	578	8,000	SH		DFND		0	8,000	0
ENERGIZER HLDGS INC	COM	29266R108	8,157	66,200	SH		DFND		0	66,200	0
ENERSYS	COM	29275Y102	6,978	119,000	SH		DFND		0	119,000	0
ENPRO INDS INC	COM	29355X107	2,893	47,800	SH		DFND		0	47,800	0
ENSTAR GROUP LIMITED	SHS	G3075P101	532	3,900	SH		DFND		0	3,900	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	1,693	42,000	SH		DFND		0	42,000	0
EOG RES INC	COM	26875P101	3,961	40,000	SH		DFND		0	40,000	0
EQT CORP	COM	26884L109	11,669	127,473	SH		DFND		0	127,473	0
EQUIFAX INC	COM	294429105	3,087	41,300	SH		DFND		0	41,300	0
EQUINIX INC	NOTE 4.750% 6/1	29444UAH9	772	300,000	PRN		DFND		0	300,000	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	2,965	70,000	SH		DFND		0	70,000	0
EQUITY ONE	COM	294752100	729	33,700	SH		DFND		0	33,700	0
ESSEX PPTY TR INC	COM	297178105	2,583	14,450	SH		DFND		0	14,450	0
ESTERLINE TECHNOLOGIES CORP	COM	297425100	12,195	109,600	SH		DFND		0	109,600	0
EVEREST RE GROUP LTD	COM	G3223R108	227	1,400	SH		DFND		0	1,400	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	9,004	127,480	SH		DFND		0	127,480	0
EXXON MOBIL CORP	COM	30231G102	3,104	33,000	SH		DFND		0	33,000	0
F M C CORP	COM NEW	302491303	8,922	156,000	SH		DFND		0	156,000	0
FACEBOOK INC	CL A	30303M102	11,698	148,000	SH		DFND		0	148,000	0
FASTENAL CO	COM	311900104	2,829	63,000	SH		DFND		0	63,000	0
FEDEX CORP	COM	31428X106	5,941	36,800	SH		DFND		0	36,800	0
FIDELITY NATL INFORMATION SV	COM	31620M106	861	15,300	SH		DFND		0	15,300	0
FIRST FINL BANKSHARES	COM	32020R109	1,855	66,748	SH		DFND		0	66,748	0
FISERV INC	COM	337738108	4,395	68,000	SH		DFND		0	68,000	0
FLOWERS FOODS INC	COM	343498101	11,659	635,037	SH		DFND		0	635,037	0
FLOWSERVE CORP	COM	34354P105	1,467	20,800	SH		DFND		0	20,800	0
FMC TECHNOLOGIES INC	COM	30249U101	6,952	128,000	SH		DFND		0	128,000	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	2,338	25,400	SH		DFND		0	25,400	0
FRANKLIN ELEC INC	COM	353514102	1,049	30,200	SH		DFND		0	30,200	0
GENERAL DYNAMICS CORP	COM	369550108	11,311	89,000	SH		DFND		0	89,000	0
GENERAL MLS INC	COM	370334104	7,467	148,000	SH		DFND		0	148,000	0
GENESEE & WYO INC	CL A	371559105	4,889	51,300	SH		DFND		0	51,300	0
GENUINE PARTS CO	COM	372460105	3,333	38,000	SH		DFND		0	38,000	0
G-III APPAREL GROUP LTD	COM	36237H101	679	8,200	SH		DFND		0	8,200	0
GILDAN ACTIVEWEAR INC	COM	375916103	1,341	24,500	SH		DFND		0	24,500	0
GILEAD SCIENCES INC	COM	375558103	9,900	93,000	SH		DFND		0	93,000	0
GILEAD SCIENCES INC	NOTE 1.625% 5/0	375558AP8	467	100,000	PRN		DFND		0	100,000	0
GLOBAL PMTS INC	COM	37940X102	2,949	42,200	SH		DFND		0	42,200	0
GOOGLE INC	CL A	38259P508	11,121	18,900	SH		DFND		0	18,900	0
GRACO INC	COM	384109104	5,298	72,600	SH		DFND		0	72,600	0
GRAINGER W W INC	COM	384802104	10,116	40,200	SH		DFND		0	40,200	0
GRUPO AEROPORTUARIO DEL SURE	SPON ADR SER B	40051E202	732	5,700	SH		DFND		0	5,700	0
HARLEY DAVIDSON INC	COM	412822108	8,148	140,000	SH		DFND		0	140,000	0
HARMAN INTL INDS INC	COM	413086109	2,549	26,000	SH		DFND		0	26,000	0
HDFC BANK LTD	ADR REPS 3 SHS	40415F101	3,517	75,500	SH		DFND		0	75,500	0
HEALTH CARE REIT INC	COM	42217K106	1,584	25,400	SH		DFND		0	25,400	0
HEALTHCARE SVCS GRP INC	COM	421906108	1,333	46,600	SH		DFND		0	46,600	0
HEARTLAND PMT SYS INC	COM	42235N108	1,040	21,800	SH		DFND		0	21,800	0
HEICO CORP NEW	COM	422806109	8,867	189,867	SH		DFND		0	189,867	0
HOME DEPOT INC	COM	437076102	3,486	38,000	SH		DFND		0	38,000	0
HORMEL FOODS CORP	COM	440452100	10,658	207,400	SH		DFND		0	207,400	0
HORNBECK OFFSHORE SVCS INC N	COM	440543106	759	23,200	SH		DFND		0	23,200	0
HUNT J B TRANS SVCS INC	COM	445658107	4,991	67,400	SH		DFND		0	67,400	0
IAC INTERACTIVECORP	COM PAR $.001	44919P508	3,295	50,000	SH		DFND		0	50,000	0
IDEX CORP	COM	45167R104	15,520	214,450	SH		DFND		0	214,450	0
IDEXX LABS INC	COM	45168D104	10,051	85,300	SH		DFND		0	85,300	0
IHS INC	CL A	451734107	7,762	62,000	SH		DFND		0	62,000	0
ILLUMINA INC	COM	452327109	2,197	13,400	SH		DFND		0	13,400	0
INGREDION INC	COM	457187102	2,691	35,500	SH		DFND		0	35,500	0
INTEL CORP	COM	458140100	3,273	94,000	SH		DFND		0	94,000	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	2,658	14,000	SH		DFND		0	14,000	0
ITC HLDGS CORP	COM	465685105	9,980	280,100	SH		DFND		0	280,100	0
ITT CORP NEW	COM NEW	450911201	8,604	191,450	SH		DFND		0	191,450	0
J & J SNACK FOODS CORP	COM	466032109	4,435	47,400	SH		DFND		0	47,400	0
J2 GLOBAL INC	COM	48123V102	3,243	65,700	SH		DFND		0	65,700	0
JOHNSON & JOHNSON	COM	478160104	533	5,000	SH		DFND		0	5,000	0
JOHNSON CTLS INC	COM	478366107	1,452	33,000	SH		DFND		0	33,000	0
JPMORGAN CHASE & CO	COM	46625H100	9,217	153,000	SH		DFND		0	153,000	0
KANSAS CITY SOUTHERN	COM NEW	485170302	9,296	76,700	SH		DFND		0	76,700	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	1,270	45,400	SH		DFND		0	45,400	0
KIRBY CORP	COM	497266106	19,021	161,400	SH		DFND		0	161,400	0
L-3 COMMUNICATIONS HLDGS INC	COM	502424104	3,377	28,400	SH		DFND		0	28,400	0
LAMAR ADVERTISING CO	CL A	512815101	3,398	69,000	SH		DFND		0	69,000	0
LANDSTAR SYS INC	COM	515098101	1,473	20,400	SH		DFND		0	20,400	0
LAS VEGAS SANDS CORP	COM	517834107	2,488	40,000	SH		DFND		0	40,000	0
LAUDER ESTEE COS INC	CL A	518439104	8,369	112,000	SH		DFND		0	112,000	0
LENNOX INTL INC	COM	526107107	6,964	90,600	SH		DFND		0	90,600	0
LINCOLN ELEC HLDGS INC	COM	533900106	10,094	146,000	SH		DFND		0	146,000	0
LKQ CORP	COM	501889208	10,881	409,200	SH		DFND		0	409,200	0
LOCKHEED MARTIN CORP	COM	539830109	1,956	10,700	SH		DFND		0	10,700	0
LUXOTTICA GROUP S P A	SPONSORED ADR	55068R202	573	11,000	SH		DFND		0	11,000	0
M & T BK CORP	COM	55261F104	6,793	55,100	SH		DFND		0	55,100	0
MACQUARIE INFRASTR CO LLC	MEMBERSHIP INT	55608B105	1,081	16,200	SH		DFND		0	16,200	0
MACYS INC	COM	55616P104	3,665	63,000	SH		DFND		0	63,000	0
MASTERCARD INC	CL A	57636Q104	7,281	98,500	SH		DFND		0	98,500	0
MCCORMICK & CO INC	COM NON VTG	579780206	830	12,400	SH		DFND		0	12,400	0
MCKESSON CORP	COM	58155Q103	10,571	54,300	SH		DFND		0	54,300	0
MDU RES GROUP INC	COM	552690109	745	26,800	SH		DFND		0	26,800	0
MEAD JOHNSON NUTRITION CO	COM	582839106	2,213	23,000	SH		DFND		0	23,000	0
MEDIVATION INC	COM	58501N101	9,689	98,000	SH		DFND		0	98,000	0
MEDNAX INC	COM	58502B106	8,300	151,400	SH		DFND		0	151,400	0
MEDTRONIC INC	COM	585055106	3,283	53,000	SH		DFND		0	53,000	0
MERCK & CO INC NEW	COM	58933Y105	2,834	47,800	SH		DFND		0	47,800	0
METTLER TOLEDO INTERNATIONAL	COM	592688105	13,293	51,900	SH		DFND		0	51,900	0
MGM RESORTS INTERNATIONAL	NOTE 4.250% 4/1	55303QAE0	252	200,000	PRN		DFND		0	200,000	0
MICROSOFT CORP	COM	594918104	2,874	62,000	SH		DFND		0	62,000	0
MIDDLEBY CORP	COM	596278101	12,920	146,600	SH		DFND		0	146,600	0
MONRO MUFFLER BRAKE INC	COM	610236101	1,204	24,800	SH		DFND		0	24,800	0
MONSANTO CO NEW	COM	61166W101	10,238	91,000	SH		DFND		0	91,000	0
MONSTER BEVERAGE CORP	COM	611740101	5,959	65,000	SH		DFND		0	65,000	0
MWI VETERINARY SUPPLY INC	COM	55402X105	1,989	13,400	SH		DFND		0	13,400	0
NETSCOUT SYS INC	COM	64115T104	293	6,400	SH		DFND		0	6,400	0
NEW JERSEY RES	COM	646025106	1,394	27,600	SH		DFND		0	27,600	0
NEWMARKET CORP	COM	651587107	11,392	29,900	SH		DFND		0	29,900	0
NEXTERA ENERGY INC	COM	65339F101	1,220	13,000	SH		DFND		0	13,000	0
NIELSEN N V	COM	N63218106	3,546	80,000	SH		DFND		0	80,000	0
NIKE INC	CL B	654106103	3,568	40,000	SH		DFND		0	40,000	0
NOBLE ENERGY INC	COM	655044105	9,762	142,800	SH		DFND		0	142,800	0
NORDSON CORP	COM	655663102	2,921	38,400	SH		DFND		0	38,400	0
NORTHROP GRUMMAN CORP	COM	666807102	1,265	9,600	SH		DFND		0	9,600	0
NORTHWEST NAT GAS CO	COM	667655104	963	22,800	SH		DFND		0	22,800	0
NORTHWESTERN CORP	COM NEW	668074305	308	6,800	SH		DFND		0	6,800	0
NOVO-NORDISK A S	ADR	670100205	11,095	233,000	SH		DFND		0	233,000	0
O REILLY AUTOMOTIVE INC NEW	COM	67103H107	10,826	72,000	SH		DFND		0	72,000	0
OCEANEERING INTL INC	COM	675232102	1,955	30,000	SH		DFND		0	30,000	0
OIL STS INTL INC	COM	678026105	309	5,000	SH		DFND		0	5,000	0
ONEOK INC NEW	COM	682680103	5,047	77,000	SH		DFND		0	77,000	0
OPEN TEXT CORP	COM	683715106	2,771	50,000	SH		DFND		0	50,000	0
OSHKOSH CORP	COM	688239201	3,545	80,300	SH		DFND		0	80,300	0
PACKAGING CORP AMER	COM	695156109	4,799	75,200	SH		DFND		0	75,200	0
PARKER HANNIFIN CORP	COM	701094104	10,981	96,200	SH		DFND		0	96,200	0
PARTNERRE LTD	COM	G6852T105	2,703	24,600	SH		DFND		0	24,600	0
PEPSICO INC	COM	713448108	10,640	114,300	SH		DFND		0	114,300	0
PERRIGO CO PLC	SHS	G97822103	4,806	32,000	SH		DFND		0	32,000	0
PFIZER INC	COM	717081103	2,761	93,388	SH		DFND		0	93,388	0
PIEDMONT NAT GAS INC	COM	720186105	1,958	58,400	SH		DFND		0	58,400	0
PIONEER NAT RES CO	COM	723787107	2,314	11,746	SH		DFND		0	11,746	0
POOL CORPORATION	COM	73278L105	2,044	37,900	SH		DFND		0	37,900	0
PORTFOLIO RECOVERY ASSOCS IN	COM	73640Q105	4,884	93,500	SH		DFND		0	93,500	0
PRAXAIR INC	COM	74005P104	10,797	83,700	SH		DFND		0	83,700	0
PRECISION CASTPARTS CORP	COM	740189105	15,468	65,300	SH		DFND		0	65,300	0
PRICE T ROWE GROUP INC	COM	74144T108	3,246	41,400	SH		DFND		0	41,400	0
PRICELINE GRP INC	COM NEW	741503403	5,214	4,500	SH		DFND		0	4,500	0
PRINCIPAL FINL GROUP INC	COM	74251V102	787	15,000	SH		DFND		0	15,000	0
PROASSURANCE CORP	COM	74267C106	5,491	124,600	SH		DFND		0	124,600	0
PROCTER & GAMBLE CO	COM	742718109	7,788	93,000	SH		DFND		0	93,000	0
PROSPERITY BANCSHARES INC	COM	743606105	3,064	53,600	SH		DFND		0	53,600	0
PRUDENTIAL FINL INC	COM	744320102	6,173	70,200	SH		DFND		0	70,200	0
PTC INC	COM	69370C100	590	16,000	SH		DFND		0	16,000	0
QUALCOMM INC	COM	747525103	8,920	119,300	SH		DFND		0	119,300	0
QUESTAR CORP	COM	748356102	4,754	213,300	SH		DFND		0	213,300	0
RAYTHEON CO	COM NEW	755111507	3,953	38,900	SH		DFND		0	38,900	0
RBC BEARINGS INC	COM	75524B104	1,077	19,000	SH		DFND		0	19,000	0
RENAISSANCERE HOLDINGS LTD	COM	G7496G103	400	4,000	SH		DFND		0	4,000	0
REPUBLIC SVCS INC	COM	760759100	8,245	211,300	SH		DFND		0	211,300	0
RESMED INC	COM	761152107	641	13,000	SH		DFND		0	13,000	0
RESTORATION HARDWARE HLDGS I	COM	761283100	557	7,000	SH		DFND		0	7,000	0
REYNOLDS AMERICAN INC	COM	761713106	5,015	85,000	SH		DFND		0	85,000	0
RLI CORP	COM	749607107	5,593	129,200	SH		DFND		0	129,200	0
ROCKWELL AUTOMATION INC	COM	773903109	2,340	21,300	SH		DFND		0	21,300	0
ROCKWOOD HLDGS INC	COM	774415103	3,822	50,000	SH		DFND		0	50,000	0
ROLLINS INC	COM	775711104	11,454	391,200	SH		DFND		0	391,200	0
ROPER INDS INC NEW	COM	776696106	18,111	123,800	SH		DFND		0	123,800	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	5,602	78,400	SH		DFND		0	78,400	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	2,025	25,600	SH		DFND		0	25,600	0
RUSH ENTERPRISES INC	CL A	781846209	2,934	87,700	SH		DFND		0	87,700	0
RYANAIR HLDGS PLC	SPONSORED ADR	783513104	339	6,000	SH		DFND		0	6,000	0
SALESFORCE COM INC	COM	79466L302	14,900	259,000	SH		DFND		0	259,000	0
SALIX PHARMACEUTICALS INC	NOTE 2.750% 5/1	795435AC0	413	123,000	PRN		DFND		0	123,000	0
SANOFI	SPONSORED ADR	80105N105	4,232	75,000	SH		DFND		0	75,000	0
SBA COMMUNICATIONS CORP	COM	78388J106	14,217	128,200	SH		DFND		0	128,200	0
SCHEIN HENRY INC	COM	806407102	13,359	114,700	SH		DFND		0	114,700	0
SCHLUMBERGER LTD	COM	806857108	8,461	83,200	SH		DFND		0	83,200	0
SCOTTS MIRACLE GRO CO	CL A	810186106	5,764	104,800	SH		DFND		0	104,800	0
SEMPRA ENERGY	COM	816851109	2,002	19,000	SH		DFND		0	19,000	0
SIGMA ALDRICH CORP	COM	826552101	17,994	132,300	SH		DFND		0	132,300	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	1,132	10,100	SH		DFND		0	10,100	0
SIGNET JEWELERS LIMITED	SHS	G81276100	1,618	14,200	SH		DFND		0	14,200	0
SILGAN HOLDINGS INC	COM	827048109	8,596	182,900	SH		DFND		0	182,900	0
SNAP ON INC	COM	833034101	3,778	31,200	SH		DFND		0	31,200	0
SOUTH JERSEY INDS INC	COM	838518108	6,136	115,000	SH		DFND		0	115,000	0
SOUTHWEST GAS CORP	COM	844895102	2,167	44,600	SH		DFND		0	44,600	0
SPECTRUM BRANDS HLDGS INC	COM	84763R101	362	4,000	SH		DFND		0	4,000	0
STARBUCKS CORP	COM	855244109	17,054	226,000	SH		DFND		0	226,000	0
STARWOOD HOTELS&RESORTS WRLD	COM	85590A401	2,080	25,000	SH		DFND		0	25,000	0
STERICYCLE INC	COM	858912108	15,176	130,200	SH		DFND		0	130,200	0
STERIS CORP	COM	859152100	1,187	22,000	SH		DFND		0	22,000	0
STIFEL FINL CORP	COM	860630102	5,866	125,100	SH		DFND		0	125,100	0
SYNGENTA AG	SPONSORED ADR	87160A100	811	12,800	SH		DFND		0	12,800	0
SYNNEX CORP	COM	87162W100	1,034	16,000	SH		DFND		0	16,000	0
SYNTEL INC	COM	87162H103	1,231	14,000	SH		DFND		0	14,000	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	294	9,000	SH		DFND		0	9,000	0
TAUBMAN CTRS INC	COM	876664103	584	8,000	SH		DFND		0	8,000	0
TELEDYNE TECHNOLOGIES INC	COM	879360105	11,855	126,100	SH		DFND		0	126,100	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	4,850	90,237	SH		DFND		0	90,237	0
TEXAS ROADHOUSE INC	COM	882681109	2,645	95,000	SH		DFND		0	95,000	0
THE ADT CORPORATION	COM	00101J106	1,741	49,100	SH		DFND		0	49,100	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	12,839	105,500	SH		DFND		0	105,500	0
TIME WARNER CABLE INC	COM	88732j207	1,822	12,700	SH		DFND		0	12,700	0
TJX COS INC NEW	COM	872540109	20,887	353,000	SH		DFND		0	353,000	0
TOLL BROTHERS INC	COM	889478103	3,116	100,000	SH		DFND		0	100,000	0
TORO CO	COM	891092108	14,310	241,600	SH		DFND		0	241,600	0
TORONTO DOMINION BK ONT	COM NEW	891160509	1,846	37,368	SH		DFND		0	37,368	0
TOTAL S A	SPONSORED ADR	89151E109	1,901	29,500	SH		DFND		0	29,500	0
TOWERS WATSON & CO	CL A	891894107	587	5,900	SH		DFND		0	5,900	0
TRANSCANADA CORP	COM	89353D107	2,752	53,400	SH		DFND		0	53,400	0
TRIMBLE NAVIGATION LTD	COM	896239100	9,174	300,800	SH		DFND		0	300,800	0
TYLER TECHNOLOGIES INC	COM	902252105	3,665	41,458	SH		DFND		0	41,458	0
ULTIMATE SOFTWARE GROUP INC	COM	90385D107	9,340	66,000	SH		DFND		0	66,000	0
ULTRAPAR PARTICIPACOES S A	SP ADR REP COM	90400P101	245	11,600	SH		DFND		0	11,600	0
UNION PAC CORP	COM	907818108	15,070	139,000	SH		DFND		0	139,000	0
UNITED TECHNOLOGIES CORP	COM	913017109	12,683	120,100	SH		DFND		0	120,100	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	836	8,000	SH		DFND		0	8,000	0
URBAN OUTFITTERS INC	COM	917047102	4,404	120,000	SH		DFND		0	120,000	0
V F CORP	COM	918204108	4,437	67,200	SH		DFND		0	67,200	0
VAIL RESORTS INC	COM	91879Q109	3,557	41,000	SH		DFND		0	41,000	0
VALMONT INDS INC	COM	920253101	8,312	61,600	SH		DFND		0	61,600	0
VALSPAR CORP	COM	920355104	9,747	123,400	SH		DFND		0	123,400	0
VCA INC	COM	918194101	2,289	58,200	SH		DFND		0	58,200	0
VERISK ANALYTICS INC	CL A	92345Y106	3,653	60,000	SH		DFND		0	60,000	0
VERIZON COMMUNICATIONS INC	COM	92343V104	3,999	80,000	SH		DFND		0	80,000	0
VISA INC	COM CL A	92826C839	8,535	40,000	SH		DFND		0	40,000	0
VMWARE INC	CL A COM	928563402	2,628	28,000	SH		DFND		0	28,000	0
WABTEC CORP	COM	929740108	12,975	160,100	SH		DFND		0	160,100	0
WASTE CONNECTIONS INC	COM	941053100	18,256	376,250	SH		DFND		0	376,250	0
WELLPOINT INC	COM	94973V107	837	7,000	SH		DFND		0	7,000	0
WELLS FARGO & CO NEW	COM	949746101	6,079	117,200	SH		DFND		0	117,200	0
WEX INC	COM	96208T104	11,848	107,400	SH		DFND		0	107,400	0
WHOLE FOODS MKT INC	COM	966837106	2,668	70,000	SH		DFND		0	70,000	0
WILEY JOHN & SONS INC	CL A	968223206	623	11,100	SH		DFND		0	11,100	0
WISCONSIN ENERGY CORP	COM	976657106	2,894	67,300	SH		DFND		0	67,300	0
WOLVERINE WORLD WIDE INC	COM	978097103	7,931	316,500	SH		DFND		0	316,500	0
WOODWARD INC	COM	980745103	2,410	50,600	SH		DFND		0	50,600	0
XCEL ENERGY INC	COM	98389B100	1,189	39,100	SH		DFND		0	39,100	0
YUM BRANDS INC	COM	988498101	12,107	168,200	SH		DFND		0	168,200	0