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	4,712	72,000	SH		DFND		0	72,000	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	7,538	84,400	SH		DFND		0	84,400	0
ACE LTD	SHS	H0023R105	2,068	18,000	SH		DFND		0	18,000	0
ACTAVIS PLC	SHS	G0083B108	8,932	34,700	SH		DFND		0	34,700	0
ACTIVISION BLIZZARD INC	COM	00507V109	10,881	540,000	SH		DFND		0	540,000	0
ACUITY BRANDS INC	COM	00508Y102	16,976	121,200	SH		DFND		0	121,200	0
ADVENT SOFTWARE INC	COM	007974108	1,250	40,800	SH		DFND		0	40,800	0
ADVISORY BRD CO	COM	00762W107	2,537	51,800	SH		DFND		0	51,800	0
AFFILIATED MANAGERS GROUP	COM	008252108	14,326	67,500	SH		DFND		0	67,500	0
AFLAC INC	COM	001055102	6,378	104,400	SH		DFND		0	104,400	0
AIR PRODS & CHEMS INC	COM	009158106	2,163	15,000	SH		DFND		0	15,000	0
AIRGAS INC	COM	009363102	5,506	47,800	SH		DFND		0	47,800	0
AKORN INC	COM	009728106	3,352	92,600	SH		DFND		0	92,600	0
ALEXION PHARMACEUTICALS INC	COM	015351109	15,357	83,000	SH		DFND		0	83,000	0
ALLEGHANY CORP DEL	COM	017175100	3,105	6,700	SH		DFND		0	6,700	0
ALLERGAN INC	COM	018490102	10,417	49,000	SH		DFND		0	49,000	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	19,080	66,700	SH		DFND		0	66,700	0
ALLIANT TECHSYSTEMS INC	COM	018804104	1,128	9,700	SH		DFND		0	9,700	0
ALLIED WRLD ASSUR COM HLDG A	SHS	H01531104	614	16,200	SH		DFND		0	16,200	0
AMAZON COM INC	COM	023135106	3,879	12,500	SH		DFND		0	12,500	0
AMBEV SA	SPONSORED ADR	02319V103	1,182	190,000	SH		DFND		0	190,000	0
AMERICAN AIRLS GROUP INC	COM	02376R102	3,111	58,000	SH		DFND		0	58,000	0
AMERICAN ELEC PWR INC	COM	025537101	1,542	25,400	SH		DFND		0	25,400	0
AMERICAN STS WTR CO	COM	029899101	1,619	43,000	SH		DFND		0	43,000	0
AMERICAN TOWER CORP NEW	COM	03027X100	13,137	132,900	SH		DFND		0	132,900	0
AMETEK INC NEW	COM	031100100	17,643	335,225	SH		DFND		0	335,225	0
AMGEN INC	COM	031162100	3,027	19,000	SH		DFND		0	19,000	0
AMPHENOL CORP NEW	CL A	032095101	11,063	205,600	SH		DFND		0	205,600	0
ANIXTER INTL INC	COM	035290105	3,300	37,300	SH		DFND		0	37,300	0
ANSYS INC	COM	03662Q105	14,442	176,126	SH		DFND		0	176,126	0
APPLE INC	COM	037833100	18,345	166,200	SH		DFND		0	166,200	0
APPLIED INDL TECHNOLOGIES IN	COM	03820C105	839	18,400	SH		DFND		0	18,400	0
APTARGROUP INC	COM	038336103	10,287	153,900	SH		DFND		0	153,900	0
ARCH CAP GROUP LTD	ORD	G0450A105	8,806	149,000	SH		DFND		0	149,000	0
ATMOS ENERGY CORP	COM	049560105	1,427	25,600	SH		DFND		0	25,600	0
ATWOOD OCEANICS INC	COM	050095108	1,367	48,200	SH		DFND		0	48,200	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	3,560	42,700	SH		DFND		0	42,700	0
AUTOZONE INC	COM	053332102	12,630	20,400	SH		DFND		0	20,400	0
AVAGO TECHNOLOGIES LTD	SHS	Y0486S104	2,012	20,000	SH		DFND		0	20,000	0
AZZ INC	COM	002474104	4,955	105,600	SH		DFND		0	105,600	0
BAIDU INC	SPON ADR REP A	056752108	8,207	36,000	SH		DFND		0	36,000	0
BALL CORP	COM	058498106	2,195	32,200	SH		DFND		0	32,200	0
BANCO DE CHILE	SPONSORED ADR	059520106	586	8,507	SH		DFND		0	8,507	0
BANK MONTREAL QUE	COM	063671101	2,263	32,000	SH		DFND		0	32,000	0
BARD C R INC	COM	067383109	11,663	70,000	SH		DFND		0	70,000	0
BCE INC	COM NEW	05534B760	2,522	55,000	SH		DFND		0	55,000	0
BECTON DICKINSON & CO	COM	075887109	4,801	34,500	SH		DFND		0	34,500	0
BIOGEN IDEC INC	COM	09062X103	10,862	32,000	SH		DFND		0	32,000	0
BIO-REFERENCE LABS INC	COM $.01 NEW	09057G602	331	10,300	SH		DFND		0	10,300	0
BLACKROCK INC	COM	09247X101	9,082	25,400	SH		DFND		0	25,400	0
BOEING CO	COM	097023105	3,120	24,000	SH		DFND		0	24,000	0
BOK FINL CORP	COM NEW	05561Q201	336	5,600	SH		DFND		0	5,600	0
BORGWARNER INC	COM	099724106	7,363	134,000	SH		DFND		0	134,000	0
BOSTON BEER INC	CL A	100557107	11,243	38,832	SH		DFND		0	38,832	0
BRF SA	SPONSORED ADR	10552T107	2,779	119,000	SH		DFND		0	119,000	0
BRINKER INTL INC	COM	109641100	12,489	212,800	SH		DFND		0	212,800	0
BRISTOL MYERS SQUIBB CO	COM	110122108	1,322	22,400	SH		DFND		0	22,400	0
BRISTOW GROUP INC	NOTE 3.000% 6/1	110394AC7	260	250,000	PRN		DFND		0	250,000	0
BRITISH AMERN TOB PLC	SPONSORED ADR	110448107	2,803	26,000	SH		DFND		0	26,000	0
BROWN & BROWN INC	COM	115236101	678	20,600	SH		DFND		0	20,600	0
BROWN FORMAN CORP	CL B	115637209	2,047	23,300	SH		DFND		0	23,300	0
BUCKLE INC	COM	118440106	1,366	26,000	SH		DFND		0	26,000	0
BUFFALO WILD WINGS INC	COM	119848109	8,243	45,700	SH		DFND		0	45,700	0
BUNGE LIMITED	COM	G16962105	1,800	19,800	SH		DFND		0	19,800	0
CAMDEN PPTY TR	SH BEN INT	133131102	694	9,400	SH		DFND		0	9,400	0
CANADIAN NATL RY CO	COM	136375102	11,480	166,600	SH		DFND		0	166,600	0
CANADIAN PAC RY LTD	COM	13645T100	2,043	10,600	SH		DFND		0	10,600	0
CAPITAL ONE FINL CORP	COM	14040H105	2,014	24,400	SH		DFND		0	24,400	0
CARLISLE COS INC	COM	142339100	8,465	93,800	SH		DFND		0	93,800	0
CASEYS GEN STORES INC	COM	147528103	9,628	106,600	SH		DFND		0	106,600	0
CDN IMPERIAL BK OF COMMERCE	COM	136069101	2,252	26,200	SH		DFND		0	26,200	0
CELGENE CORP	COM	151020104	14,877	133,000	SH		DFND		0	133,000	0
CERNER CORP	COM	156782104	11,264	174,200	SH		DFND		0	174,200	0
CHEVRON CORP NEW	COM	166764100	2,412	21,500	SH		DFND		0	21,500	0
CHICAGO BRIDGE & IRON CO N V	COM	167250109	3,148	75,000	SH		DFND		0	75,000	0
CHURCH & DWIGHT INC	COM	171340102	17,653	224,000	SH		DFND		0	224,000	0
CISCO SYS INC	COM	17275R102	3,894	140,000	SH		DFND		0	140,000	0
CLARCOR INC	COM	179895107	19,006	285,200	SH		DFND		0	285,200	0
CLEAN HARBORS INC	COM	184496107	1,240	25,800	SH		DFND		0	25,800	0
CLECO CORP NEW	COM	12561W105	1,876	34,400	SH		DFND		0	34,400	0
CNOOC LTD	SPONSORED ADR	126132109	352	2,600	SH		DFND		0	2,600	0
COCA COLA FEMSA S A B DE C V	SPON ADR REP L	191241108	1,730	20,000	SH		DFND		0	20,000	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	12,196	231,600	SH		DFND		0	231,600	0
COMCAST CORP NEW	CL A SPL	20030N200	6,793	118,000	SH		DFND		0	118,000	0
COMMERCE BANCSHARES INC	COM	200525103	1,969	45,286	SH		DFND		0	45,286	0
COMPASS MINERALS INTL INC	COM	20451N101	234	2,700	SH		DFND		0	2,700	0
CONOCOPHILLIPS	COM	20825C104	1,885	27,300	SH		DFND		0	27,300	0
CONSTELLATION BRANDS INC	CL A	21036P108	4,908	50,000	SH		DFND		0	50,000	0
COOPER COS INC	COM NEW	216648402	875	5,400	SH		DFND		0	5,400	0
COPART INC	COM	217204106	1,876	51,400	SH		DFND		0	51,400	0
CORE LABORATORIES N V	COM	N22717107	2,371	19,700	SH		DFND		0	19,700	0
COSTAR GROUP INC	COM	22160N109	3,489	19,000	SH		DFND		0	19,000	0
COSTCO WHSL CORP NEW	COM	22160K105	7,938	56,000	SH		DFND		0	56,000	0
CROWN HOLDINGS INC	COM	228368106	9,116	179,100	SH		DFND		0	179,100	0
CVS CAREMARK CORPORATION	COM	126650100	5,625	58,400	SH		DFND		0	58,400	0
CYTEC INDS INC	COM	232820100	2,752	59,600	SH		DFND		0	59,600	0
DANAHER CORP DEL	COM	235851102	14,656	171,000	SH		DFND		0	171,000	0
DAVITA HEALTHCARE PARTNERS I	COM	23918K108	303	4,000	SH		DFND		0	4,000	0
DELTA AIR LINES INC DEL	COM NEW	247361702	10,822	220,000	SH		DFND		0	220,000	0
DENTSPLY INTL INC NEW	COM	249030107	4,096	76,900	SH		DFND		0	76,900	0
DICKS SPORTING GOODS INC	COM	253393102	3,535	71,200	SH		DFND		0	71,200	0
DIRECTV	COM	25490A309	1,907	22,000	SH		DFND		0	22,000	0
DISCOVER FINL SVCS	COM	254709108	3,340	51,000	SH		DFND		0	51,000	0
DISCOVERY COMMUNICATNS NEW	COM SER A	25470F104	6,718	195,000	SH		DFND		0	195,000	0
DISNEY WALT CO	COM DISNEY	254687106	2,298	24,400	SH		DFND		0	24,400	0
DOMINOS PIZZA INC	COM	25754A201	8,654	91,900	SH		DFND		0	91,900	0
DONALDSON INC	COM	257651109	6,219	161,000	SH		DFND		0	161,000	0
DRIL-QUIP INC	COM	262037104	614	8,000	SH		DFND		0	8,000	0
DSW INC	CL A	23334L102	1,268	34,000	SH		DFND		0	34,000	0
DUN & BRADSTREET CORP DEL NE	COM	26483E100	3,218	26,600	SH		DFND		0	26,600	0
E M C CORP MASS	COM	268648102	3,285	110,442	SH		DFND		0	110,442	0
ECOLAB INC	COM	278865100	14,361	137,400	SH		DFND		0	137,400	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	7,643	60,000	SH		DFND		0	60,000	0
EL PASO ELEC CO	COM NEW	283677854	1,474	36,800	SH		DFND		0	36,800	0
ENBRIDGE INC	COM	29250N105	4,313	83,900	SH		DFND		0	83,900	0
ENERGIZER HLDGS INC	COM	29266R108	7,546	58,700	SH		DFND		0	58,700	0
ENERSYS	COM	29275Y102	6,956	112,700	SH		DFND		0	112,700	0
ENPRO INDS INC	COM	29355X107	3,000	47,800	SH		DFND		0	47,800	0
ENSTAR GROUP LIMITED	SHS	G3075P101	596	3,900	SH		DFND		0	3,900	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	1,517	42,000	SH		DFND		0	42,000	0
EOG RES INC	COM	26875P101	2,762	30,000	SH		DFND		0	30,000	0
EQT CORP	COM	26884L109	11,239	148,473	SH		DFND		0	148,473	0
EQUIFAX INC	COM	294429105	2,871	35,500	SH		DFND		0	35,500	0
EQUINIX INC	NOTE 4.750% 6/1	29444UAH9	843	300,000	PRN		DFND		0	300,000	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	3,608	70,000	SH		DFND		0	70,000	0
EQUITY ONE	COM	294752100	855	33,700	SH		DFND		0	33,700	0
ESSEX PPTY TR INC	COM	297178105	2,924	14,153	SH		DFND		0	14,153	0
ESTERLINE TECHNOLOGIES CORP	COM	297425100	13,271	121,000	SH		DFND		0	121,000	0
EVEREST RE GROUP LTD	COM	G3223R108	238	1,400	SH		DFND		0	1,400	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	9,834	116,140	SH		DFND		0	116,140	0
EXXON MOBIL CORP	COM	30231G102	2,773	30,000	SH		DFND		0	30,000	0
F M C CORP	COM NEW	302491303	7,619	133,600	SH		DFND		0	133,600	0
FACEBOOK INC	CL A	30303M102	13,107	168,000	SH		DFND		0	168,000	0
FASTENAL CO	COM	311900104	1,237	26,000	SH		DFND		0	26,000	0
FEDEX CORP	COM	31428X106	4,307	24,800	SH		DFND		0	24,800	0
FIDELITY NATL INFORMATION SV	COM	31620M106	952	15,300	SH		DFND		0	15,300	0
FIRST FINL BANKSHARES	COM	32020R109	2,114	70,748	SH		DFND		0	70,748	0
FISERV INC	COM	337738108	8,800	124,000	SH		DFND		0	124,000	0
FLOWERS FOODS INC	COM	343498101	13,952	727,037	SH		DFND		0	727,037	0
FLOWSERVE CORP	COM	34354P105	1,244	20,800	SH		DFND		0	20,800	0
FMC TECHNOLOGIES INC	COM	30249U101	5,733	122,400	SH		DFND		0	122,400	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	2,236	25,400	SH		DFND		0	25,400	0
FRANKLIN ELEC INC	COM	353514102	1,396	37,200	SH		DFND		0	37,200	0
GENERAL DYNAMICS CORP	COM	369550108	11,299	82,100	SH		DFND		0	82,100	0
GENERAL ELECTRIC CO	COM	369604103	4,422	175,000	SH		DFND		0	175,000	0
GENERAL MLS INC	COM	370334104	6,666	125,000	SH		DFND		0	125,000	0
GENESEE & WYO INC	CL A	371559105	4,613	51,300	SH		DFND		0	51,300	0
GENUINE PARTS CO	COM	372460105	4,050	38,000	SH		DFND		0	38,000	0
G-III APPAREL GROUP LTD	COM	36237H101	2,111	20,900	SH		DFND		0	20,900	0
GILEAD SCIENCES INC	COM	375558103	8,672	92,000	SH		DFND		0	92,000	0
GILEAD SCIENCES INC	NOTE 1.625% 5/0	375558AP8	414	100,000	PRN		DFND		0	100,000	0
GLOBAL PMTS INC	COM	37940X102	4,133	51,200	SH		DFND		0	51,200	0
GOOGLE INC	CL A	38259P508	11,144	21,000	SH		DFND		0	21,000	0
GRACO INC	COM	384109104	8,050	100,403	SH		DFND		0	100,403	0
GRAINGER W W INC	COM	384802104	8,972	35,200	SH		DFND		0	35,200	0
HARLEY DAVIDSON INC	COM	412822108	10,150	154,000	SH		DFND		0	154,000	0
HARMAN INTL INDS INC	COM	413086109	2,561	24,000	SH		DFND		0	24,000	0
HDFC BANK LTD	ADR REPS 3 SHS	40415F101	3,832	75,500	SH		DFND		0	75,500	0
HEALTH CARE REIT INC	COM	42217K106	1,922	25,400	SH		DFND		0	25,400	0
HEALTHCARE SVCS GRP INC	COM	421906108	1,998	64,600	SH		DFND		0	64,600	0
HEARTLAND PMT SYS INC	COM	42235N108	1,900	35,211	SH		DFND		0	35,211	0
HEICO CORP NEW	COM	422806109	12,422	205,667	SH		DFND		0	205,667	0
HOME DEPOT INC	COM	437076102	3,989	38,000	SH		DFND		0	38,000	0
HOMEAWAY INC	COM	43739Q100	5,211	175,000	SH		DFND		0	175,000	0
HORMEL FOODS CORP	COM	440452100	11,483	220,400	SH		DFND		0	220,400	0
HORNBECK OFFSHORE SVCS INC N	COM	440543106	579	23,200	SH		DFND		0	23,200	0
HUNT J B TRANS SVCS INC	COM	445658107	6,352	75,400	SH		DFND		0	75,400	0
IAC INTERACTIVECORP	COM PAR $.001	44919P508	3,465	57,000	SH		DFND		0	57,000	0
IDEX CORP	COM	45167R104	14,217	182,650	SH		DFND		0	182,650	0
IDEXX LABS INC	COM	45168D104	16,087	108,500	SH		DFND		0	108,500	0
IHS INC	CL A	451734107	6,150	54,000	SH		DFND		0	54,000	0
ILLUMINA INC	COM	452327109	2,473	13,400	SH		DFND		0	13,400	0
INGREDION INC	COM	457187102	3,860	45,500	SH		DFND		0	45,500	0
INTEL CORP	COM	458140100	2,540	70,000	SH		DFND		0	70,000	0
ITC HLDGS CORP	COM	465685105	7,771	192,200	SH		DFND		0	192,200	0
ITT CORP NEW	COM NEW	450911201	9,931	245,450	SH		DFND		0	245,450	0
J & J SNACK FOODS CORP	COM	466032109	5,210	47,900	SH		DFND		0	47,900	0
J2 GLOBAL INC	COM	48123V102	4,507	72,700	SH		DFND		0	72,700	0
JOHNSON CTLS INC	COM	478366107	1,595	33,000	SH		DFND		0	33,000	0
JPMORGAN CHASE & CO	COM	46625H100	9,262	148,000	SH		DFND		0	148,000	0
KANSAS CITY SOUTHERN	COM NEW	485170302	11,556	94,700	SH		DFND		0	94,700	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	1,331	45,400	SH		DFND		0	45,400	0
KIRBY CORP	COM	497266106	13,031	161,400	SH		DFND		0	161,400	0
L-3 COMMUNICATIONS HLDGS INC	COM	502424104	883	7,000	SH		DFND		0	7,000	0
LANDSTAR SYS INC	COM	515098101	2,452	33,800	SH		DFND		0	33,800	0
LAS VEGAS SANDS CORP	COM	517834107	2,036	35,000	SH		DFND		0	35,000	0
LAUDER ESTEE COS INC	CL A	518439104	7,849	103,000	SH		DFND		0	103,000	0
LENNOX INTL INC	COM	526107107	8,613	90,600	SH		DFND		0	90,600	0
LINCOLN ELEC HLDGS INC	COM	533900106	9,396	136,000	SH		DFND		0	136,000	0
LIONS GATE ENTMNT CORP	COM NEW	535919203	3,522	110,000	SH		DFND		0	110,000	0
LKQ CORP	COM	501889208	11,450	407,200	SH		DFND		0	407,200	0
LUXOTTICA GROUP S P A	SPONSORED ADR	55068R202	490	9,000	SH		DFND		0	9,000	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	2,937	37,000	SH		DFND		0	37,000	0
M & T BK CORP	COM	55261F104	5,000	39,800	SH		DFND		0	39,800	0
MACQUARIE INFRASTR CO LLC	MEMBERSHIP INT	55608B105	867	12,200	SH		DFND		0	12,200	0
MACYS INC	COM	55616P104	4,865	74,000	SH		DFND		0	74,000	0
MASTERCARD INC	CL A	57636Q104	8,487	98,500	SH		DFND		0	98,500	0
MCCORMICK & CO INC	COM NON VTG	579780206	1,144	15,400	SH		DFND		0	15,400	0
MCKESSON CORP	COM	58155Q103	10,109	48,700	SH		DFND		0	48,700	0
MEAD JOHNSON NUTRITION CO	COM	582839106	3,318	33,000	SH		DFND		0	33,000	0
MEDIDATA SOLUTIONS INC	COM	58471A105	3,915	82,000	SH		DFND		0	82,000	0
MEDIVATION INC	COM	58501N101	10,260	103,000	SH		DFND		0	103,000	0
MEDNAX INC	COM	58502B106	12,283	185,800	SH		DFND		0	185,800	0
MEDTRONIC INC	COM	585055106	4,188	58,000	SH		DFND		0	58,000	0
MERCK & CO INC NEW	COM	58933Y105	2,715	47,800	SH		DFND		0	47,800	0
METTLER TOLEDO INTERNATIONAL	COM	592688105	16,575	54,800	SH		DFND		0	54,800	0
MGM RESORTS INTERNATIONAL	NOTE 4.250% 4/1	55303QAE0	236	200,000	PRN		DFND		0	200,000	0
MICHAEL KORS HLDGS LTD	SHS	G60754101	5,482	73,000	SH		DFND		0	73,000	0
MICRON TECHNOLOGY INC	COM	595112103	2,801	80,000	SH		DFND		0	80,000	0
MICROSOFT CORP	COM	594918104	2,183	47,000	SH		DFND		0	47,000	0
MIDDLEBY CORP	COM	596278101	14,191	143,200	SH		DFND		0	143,200	0
MONRO MUFFLER BRAKE INC	COM	610236101	1,549	26,800	SH		DFND		0	26,800	0
MONSANTO CO NEW	COM	61166W101	10,513	88,000	SH		DFND		0	88,000	0
MONSTER BEVERAGE CORP	COM	611740101	5,201	48,000	SH		DFND		0	48,000	0
MWI VETERINARY SUPPLY INC	COM	55402X105	2,277	13,400	SH		DFND		0	13,400	0
NETSCOUT SYS INC	COM	64115T104	501	13,700	SH		DFND		0	13,700	0
NEW JERSEY RES	COM	646025106	1,689	27,600	SH		DFND		0	27,600	0
NEWMARKET CORP	COM	651587107	9,322	23,100	SH		DFND		0	23,100	0
NEXTERA ENERGY INC	COM	65339F101	1,382	13,000	SH		DFND		0	13,000	0
NIELSEN HOLDINGS N V	COM	N63218106	4,876	109,000	SH		DFND		0	109,000	0
NIKE INC	CL B	654106103	3,846	40,000	SH		DFND		0	40,000	0
NOBLE ENERGY INC	COM	655044105	5,189	109,400	SH		DFND		0	109,400	0
NORDSON CORP	COM	655663102	2,994	38,400	SH		DFND		0	38,400	0
NORTHROP GRUMMAN CORP	COM	666807102	1,415	9,600	SH		DFND		0	9,600	0
NORTHWEST NAT GAS CO	COM	667655104	1,138	22,800	SH		DFND		0	22,800	0
NORTHWESTERN CORP	COM NEW	668074305	883	15,600	SH		DFND		0	15,600	0
NOVO-NORDISK A S	ADR	670100205	7,089	167,500	SH		DFND		0	167,500	0
O REILLY AUTOMOTIVE INC NEW	COM	67103H107	10,671	55,400	SH		DFND		0	55,400	0
OCEANEERING INTL INC	COM	675232102	964	16,400	SH		DFND		0	16,400	0
OIL STS INTL INC	COM	678026105	244	5,000	SH		DFND		0	5,000	0
ONEOK INC NEW	COM	682680103	3,087	62,000	SH		DFND		0	62,000	0
OPEN TEXT CORP	COM	683715106	3,548	60,900	SH		DFND		0	60,900	0
OSHKOSH CORP	COM	688239201	3,162	65,000	SH		DFND		0	65,000	0
PACKAGING CORP AMER	COM	695156109	2,123	27,200	SH		DFND		0	27,200	0
PANDORA MEDIA INC	COM	698354107	1,783	100,000	SH		DFND		0	100,000	0
PAREXEL INTL CORP	COM	699462107	1,056	19,000	SH		DFND		0	19,000	0
PARKER HANNIFIN CORP	COM	701094104	11,064	85,800	SH		DFND		0	85,800	0
PARTNERRE LTD	COM	G6852T105	2,808	24,600	SH		DFND		0	24,600	0
PEPSICO INC	COM	713448108	8,066	85,300	SH		DFND		0	85,300	0
PERRIGO CO PLC	SHS	G97822103	4,012	24,000	SH		DFND		0	24,000	0
PFIZER INC	COM	717081103	2,909	93,388	SH		DFND		0	93,388	0
PIEDMONT NAT GAS INC	COM	720186105	2,302	58,400	SH		DFND		0	58,400	0
PIONEER NAT RES CO	COM	723787107	1,079	7,246	SH		DFND		0	7,246	0
POOL CORPORATION	COM	73278L105	3,997	63,000	SH		DFND		0	63,000	0
PRAXAIR INC	COM	74005P104	9,251	71,400	SH		DFND		0	71,400	0
PRECISION CASTPARTS CORP	COM	740189105	7,660	31,800	SH		DFND		0	31,800	0
PRICE T ROWE GROUP INC	COM	74144T108	3,555	41,400	SH		DFND		0	41,400	0
PRICELINE COM INC	COM NEW	741503403	7,867	6,900	SH		DFND		0	6,900	0
PRINCIPAL FINL GROUP INC	COM	74251V102	779	15,000	SH		DFND		0	15,000	0
PROASSURANCE CORP	COM	74267C106	5,626	124,600	SH		DFND		0	124,600	0
PROCTER & GAMBLE CO	COM	742718109	2,368	26,000	SH		DFND		0	26,000	0
PROSPERITY BANCSHARES INC	COM	743606105	2,967	53,600	SH		DFND		0	53,600	0
PRUDENTIAL FINL INC	COM	744320102	2,641	29,200	SH		DFND		0	29,200	0
QUALCOMM INC	COM	747525103	8,251	111,000	SH		DFND		0	111,000	0
QUESTAR CORP	COM	748356102	4,811	190,300	SH		DFND		0	190,300	0
RAYTHEON CO	COM NEW	755111507	4,100	37,900	SH		DFND		0	37,900	0
RBC BEARINGS INC	COM	75524B104	1,226	19,000	SH		DFND		0	19,000	0
RENAISSANCERE HOLDINGS LTD	COM	G7496G103	389	4,000	SH		DFND		0	4,000	0
REPUBLIC SVCS INC	COM	760759100	7,003	174,000	SH		DFND		0	174,000	0
RESMED INC	COM	761152107	729	13,000	SH		DFND		0	13,000	0
RESTORATION HARDWARE HLDGS I	COM	761283100	672	7,000	SH		DFND		0	7,000	0
REYNOLDS AMERICAN INC	COM	761713106	5,463	85,000	SH		DFND		0	85,000	0
RLI CORP	COM	749607107	6,590	133,400	SH		DFND		0	133,400	0
ROCKWELL AUTOMATION INC	COM	773903109	1,390	12,500	SH		DFND		0	12,500	0
ROCKWOOD HLDGS INC	COM	774415103	1,024	13,000	SH		DFND		0	13,000	0
ROLLINS INC	COM	775711104	13,644	412,200	SH		DFND		0	412,200	0
ROPER INDS INC NEW	COM	776696106	20,341	130,100	SH		DFND		0	130,100	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	5,001	72,400	SH		DFND		0	72,400	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	1,781	25,600	SH		DFND		0	25,600	0
RUSH ENTERPRISES INC	CL A	781846209	3,439	107,300	SH		DFND		0	107,300	0
RYANAIR HLDGS PLC	SPONSORED ADR	783513104	428	6,000	SH		DFND		0	6,000	0
SALESFORCE COM INC	COM	79466L302	11,150	188,000	SH		DFND		0	188,000	0
SALIX PHARMACEUTICALS INC	COM	795435106	2,873	25,000	SH		DFND		0	25,000	0
SALIX PHARMACEUTICALS INC	NOTE 2.750% 5/1	795435AC0	304	123,000	PRN		DFND		0	123,000	0
SANOFI	SPONSORED ADR	80105N105	3,558	78,000	SH		DFND		0	78,000	0
SBA COMMUNICATIONS CORP	COM	78388J106	10,301	93,000	SH		DFND		0	93,000	0
SCHEIN HENRY INC	COM	806407102	16,692	122,600	SH		DFND		0	122,600	0
SCHLUMBERGER LTD	COM	806857108	6,508	76,200	SH		DFND		0	76,200	0
SCOTTS MIRACLE GRO CO	CL A	810186106	5,671	91,000	SH		DFND		0	91,000	0
SEMPRA ENERGY	COM	816851109	1,559	14,000	SH		DFND		0	14,000	0
SIGMA ALDRICH CORP	COM	826552101	13,164	95,900	SH		DFND		0	95,900	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	1,272	10,100	SH		DFND		0	10,100	0
SIGNET JEWELERS LIMITED	SHS	G81276100	1,210	9,200	SH		DFND		0	9,200	0
SILGAN HOLDINGS INC	COM	827048109	10,913	203,600	SH		DFND		0	203,600	0
SNAP ON INC	COM	833034101	8,177	59,800	SH		DFND		0	59,800	0
SOUTH JERSEY INDS INC	COM	838518108	6,777	115,000	SH		DFND		0	115,000	0
SOUTHWEST GAS CORP	COM	844895102	2,757	44,600	SH		DFND		0	44,600	0
STARBUCKS CORP	COM	855244109	12,390	151,000	SH		DFND		0	151,000	0
STARWOOD HOTELS&RESORTS WRLD	COM	85590A401	4,702	58,000	SH		DFND		0	58,000	0
STERICYCLE INC	COM	858912108	16,896	128,900	SH		DFND		0	128,900	0
STERIS CORP	COM	859152100	1,427	22,000	SH		DFND		0	22,000	0
STIFEL FINL CORP	COM	860630102	6,383	125,100	SH		DFND		0	125,100	0
SYNNEX CORP	COM	87162W100	1,837	23,500	SH		DFND		0	23,500	0
SYNTEL INC	COM	87162H103	954	21,200	SH		DFND		0	21,200	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	333	9,000	SH		DFND		0	9,000	0
TAUBMAN CTRS INC	COM	876664103	611	8,000	SH		DFND		0	8,000	0
TELEDYNE TECHNOLOGIES INC	COM	879360105	16,058	156,300	SH		DFND		0	156,300	0
TESLA MTRS INC	COM	88160R101	2,447	11,000	SH		DFND		0	11,000	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	4,614	80,237	SH		DFND		0	80,237	0
TEXAS ROADHOUSE INC	COM	882681109	2,870	85,000	SH		DFND		0	85,000	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	4,799	38,300	SH		DFND		0	38,300	0
TIME WARNER CABLE INC	COM	88732j207	1,931	12,700	SH		DFND		0	12,700	0
TJX COS INC NEW	COM	872540109	25,717	375,000	SH		DFND		0	375,000	0
TOLL BROTHERS INC	COM	889478103	3,427	100,000	SH		DFND		0	100,000	0
TORO CO	COM	891092108	17,950	281,300	SH		DFND		0	281,300	0
TORONTO DOMINION BK ONT	COM NEW	891160509	1,642	34,368	SH		DFND		0	34,368	0
TOWERS WATSON & CO	CL A	891894107	668	5,900	SH		DFND		0	5,900	0
TRANSCANADA CORP	COM	89353D107	1,277	26,000	SH		DFND		0	26,000	0
TRIMBLE NAVIGATION LTD	COM	896239100	8,249	310,800	SH		DFND		0	310,800	0
TYLER TECHNOLOGIES INC	COM	902252105	6,420	58,658	SH		DFND		0	58,658	0
ULTIMATE SOFTWARE GROUP INC	COM	90385D107	12,699	86,500	SH		DFND		0	86,500	0
UNION PAC CORP	COM	907818108	15,177	127,400	SH		DFND		0	127,400	0
UNITED TECHNOLOGIES CORP	COM	913017109	13,006	113,100	SH		DFND		0	113,100	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	890	8,000	SH		DFND		0	8,000	0
URBAN OUTFITTERS INC	COM	917047102	3,513	100,000	SH		DFND		0	100,000	0
V F CORP	COM	918204108	4,254	56,800	SH		DFND		0	56,800	0
VAIL RESORTS INC	COM	91879Q109	4,556	50,000	SH		DFND		0	50,000	0
VALMONT INDS INC	COM	920253101	5,880	46,300	SH		DFND		0	46,300	0
VALSPAR CORP	COM	920355104	13,733	158,800	SH		DFND		0	158,800	0
VCA ANTECH INC	COM	918194101	2,838	58,200	SH		DFND		0	58,200	0
VERIZON COMMUNICATIONS INC	COM	92343V104	3,508	75,000	SH		DFND		0	75,000	0
VISA INC	COM CL A	92826C839	9,964	38,000	SH		DFND		0	38,000	0
WABTEC CORP	COM	929740108	15,910	183,100	SH		DFND		0	183,100	0
WASTE CONNECTIONS INC	COM	941053100	17,317	393,650	SH		DFND		0	393,650	0
WELLS FARGO & CO NEW	COM	949746101	4,780	87,200	SH		DFND		0	87,200	0
WEX INC	COM	96208T104	11,821	119,500	SH		DFND		0	119,500	0
WHOLE FOODS MKT INC	COM	966837106	3,176	63,000	SH		DFND		0	63,000	0
WILEY JOHN & SONS INC	CL A	968223206	415	7,000	SH		DFND		0	7,000	0
WISCONSIN ENERGY CORP	COM	976657106	3,286	62,300	SH		DFND		0	62,300	0
WOLVERINE WORLD WIDE INC	COM	978097103	8,773	297,700	SH		DFND		0	297,700	0
WOODWARD INC	COM	980745103	4,165	84,600	SH		DFND		0	84,600	0
XCEL ENERGY INC	COM	98389B100	1,404	39,100	SH		DFND		0	39,100	0