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	5,269	90,000	SH		DFND		0	90,000	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	7,907	84,400	SH		DFND		0	84,400	0
ACE LTD	SHS	H0023R105	2,007	18,000	SH		DFND		0	18,000	0
ACTAVIS PLC	SHS	G0083B108	15,400	51,745	SH		DFND		0	51,745	0
ACTIVISION BLIZZARD INC	COM	00507V109	13,294	585,000	SH		DFND		0	585,000	0
ACUITY BRANDS INC	COM	00508Y102	19,221	114,300	SH		DFND		0	114,300	0
ADVENT SOFTWARE INC	COM	007974108	1,800	40,800	SH		DFND		0	40,800	0
ADVISORY BRD CO	COM	00762W107	2,760	51,800	SH		DFND		0	51,800	0
AFFILIATED MANAGERS GROUP	COM	008252108	14,283	66,500	SH		DFND		0	66,500	0
AFLAC INC	COM	001055102	6,683	104,400	SH		DFND		0	104,400	0
AIR METHODS CORP	COM PAR $.06	009128307	1,752	37,600	SH		DFND		0	37,600	0
AIR PRODS & CHEMS INC	COM	009158106	2,269	15,000	SH		DFND		0	15,000	0
AIRGAS INC	COM	009363102	8,298	78,200	SH		DFND		0	78,200	0
AKORN INC	COM	009728106	4,399	92,600	SH		DFND		0	92,600	0
ALEXION PHARMACEUTICALS INC	COM	015351109	14,384	83,000	SH		DFND		0	83,000	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	5,827	70,000	SH		DFND		0	70,000	0
ALLEGHANY CORP DEL	COM	017175100	3,263	6,700	SH		DFND		0	6,700	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	19,760	66,700	SH		DFND		0	66,700	0
ALLIED WRLD ASSUR COM HLDG A	SHS	H01531104	654	16,200	SH		DFND		0	16,200	0
AMAZON COM INC	COM	023135106	4,651	12,500	SH		DFND		0	12,500	0
AMBEV SA	SPONSORED ADR	02319V103	1,094	190,000	SH		DFND		0	190,000	0
AMERICAN AIRLS GROUP INC	COM	02376R102	3,483	66,000	SH		DFND		0	66,000	0
AMERICAN ELEC PWR INC	COM	025537101	1,429	25,400	SH		DFND		0	25,400	0
AMERICAN TOWER CORP NEW	COM	03027X100	12,795	135,900	SH		DFND		0	135,900	0
AMETEK INC NEW	COM	031100100	16,915	321,950	SH		DFND		0	321,950	0
AMGEN INC	COM	031162100	3,037	19,000	SH		DFND		0	19,000	0
AMPHENOL CORP NEW	CL A	032095101	14,903	252,900	SH		DFND		0	252,900	0
ANIXTER INTL INC	COM	035290105	2,840	37,300	SH		DFND		0	37,300	0
ANSYS INC	COM	03662Q105	16,785	190,326	SH		DFND		0	190,326	0
ANTHEM INC	COM	036752103	1,081	7,000	SH		DFND		0	7,000	0
APPLE INC	COM	037833100	20,680	166,200	SH		DFND		0	166,200	0
APPLIED INDL TECHNOLOGIES IN	COM	03820C105	834	18,400	SH		DFND		0	18,400	0
APTARGROUP INC	COM	038336103	9,776	153,900	SH		DFND		0	153,900	0
ARCH CAP GROUP LTD	ORD	G0450A105	8,747	142,000	SH		DFND		0	142,000	0
ASBURY AUTOMOTIVE GROUP INC	COM	043436104	947	11,400	SH		DFND		0	11,400	0
ASTRONICS CORP	COM	046433108	744	10,100	SH		DFND		0	10,100	0
ATWOOD OCEANICS INC	COM	050095108	1,355	48,200	SH		DFND		0	48,200	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	3,657	42,700	SH		DFND		0	42,700	0
AUTOZONE INC	COM	053332102	13,916	20,400	SH		DFND		0	20,400	0
AVAGO TECHNOLOGIES LTD	SHS	Y0486S104	2,921	23,000	SH		DFND		0	23,000	0
AZZ INC	COM	002474104	4,920	105,600	SH		DFND		0	105,600	0
BAIDU INC	SPON ADR REP A	056752108	7,502	36,000	SH		DFND		0	36,000	0
BALL CORP	COM	058498106	2,275	32,200	SH		DFND		0	32,200	0
BANCO DE CHILE	SPONSORED ADR	059520106	349	5,207	SH		DFND		0	5,207	0
BARD C R INC	COM	067383109	12,049	72,000	SH		DFND		0	72,000	0
BCE INC	COM NEW	05534B760	2,330	55,000	SH		DFND		0	55,000	0
BECTON DICKINSON & CO	COM	075887109	4,954	34,500	SH		DFND		0	34,500	0
BIO RAD LABS INC	CL A	090572207	243	1,800	SH		DFND		0	1,800	0
BIOGEN INC	COM	09062X103	13,512	32,000	SH		DFND		0	32,000	0
BIO-REFERENCE LABS INC	COM $.01 NEW	09057G602	271	7,700	SH		DFND		0	7,700	0
BLACKROCK INC	COM	09247X101	9,292	25,400	SH		DFND		0	25,400	0
BOEING CO	COM	097023105	3,902	26,000	SH		DFND		0	26,000	0
BOK FINL CORP	COM NEW	05561Q201	343	5,600	SH		DFND		0	5,600	0
BORGWARNER INC	COM	099724106	8,104	134,000	SH		DFND		0	134,000	0
BOSTON BEER INC	CL A	100557107	10,491	39,232	SH		DFND		0	39,232	0
BRF SA	SPONSORED ADR	10552T107	2,354	119,000	SH		DFND		0	119,000	0
BRINKER INTL INC	COM	109641100	13,100	212,800	SH		DFND		0	212,800	0
BRISTOL MYERS SQUIBB CO	COM	110122108	1,445	22,400	SH		DFND		0	22,400	0
BRITISH AMERN TOB PLC	SPONSORED ADR	110448107	2,698	26,000	SH		DFND		0	26,000	0
BROWN FORMAN CORP	CL B	115637209	2,105	23,300	SH		DFND		0	23,300	0
BUCKLE INC	COM	118440106	894	17,500	SH		DFND		0	17,500	0
BUFFALO WILD WINGS INC	COM	119848109	9,189	50,700	SH		DFND		0	50,700	0
BUNGE LIMITED	COM	G16962105	1,631	19,800	SH		DFND		0	19,800	0
CANADIAN NATL RY CO	COM	136375102	12,210	182,600	SH		DFND		0	182,600	0
CANADIAN PAC RY LTD	COM	13645T100	1,937	10,600	SH		DFND		0	10,600	0
CAPITAL ONE FINL CORP	COM	14040H105	1,923	24,400	SH		DFND		0	24,400	0
CARLISLE COS INC	COM	142339100	9,902	106,900	SH		DFND		0	106,900	0
CASEYS GEN STORES INC	COM	147528103	10,316	114,500	SH		DFND		0	114,500	0
CDN IMPERIAL BK COMM TORONTO	COM	136069101	1,899	26,200	SH		DFND		0	26,200	0
CELGENE CORP	COM	151020104	16,946	147,000	SH		DFND		0	147,000	0
CERNER CORP	COM	156782104	11,443	156,200	SH		DFND		0	156,200	0
CHEVRON CORP NEW	COM	166764100	2,257	21,500	SH		DFND		0	21,500	0
CHICAGO BRIDGE & IRON CO N V	COM	167250109	3,694	75,000	SH		DFND		0	75,000	0
CHURCH & DWIGHT INC	COM	171340102	20,501	240,000	SH		DFND		0	240,000	0
CISCO SYS INC	COM	17275R102	4,542	165,000	SH		DFND		0	165,000	0
CLARCOR INC	COM	179895107	21,304	322,500	SH		DFND		0	322,500	0
CLEAN HARBORS INC	COM	184496107	1,465	25,800	SH		DFND		0	25,800	0
CLECO CORP NEW	COM	12561W105	1,875	34,400	SH		DFND		0	34,400	0
CNOOC LTD	SPONSORED ADR	126132109	369	2,600	SH		DFND		0	2,600	0
COCA COLA FEMSA S A B DE C V	SPON ADR REP L	191241108	1,597	20,000	SH		DFND		0	20,000	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	14,138	226,600	SH		DFND		0	226,600	0
COMCAST CORP NEW	CL A SPL	20030N200	6,223	111,000	SH		DFND		0	111,000	0
COMMERCE BANCSHARES INC	COM	200525103	1,451	34,286	SH		DFND		0	34,286	0
COMPASS MINERALS INTL INC	COM	20451N101	252	2,700	SH		DFND		0	2,700	0
CONOCOPHILLIPS	COM	20825C104	1,700	27,300	SH		DFND		0	27,300	0
CONSTELLATION BRANDS INC	CL A	21036P108	5,694	49,000	SH		DFND		0	49,000	0
COPART INC	COM	217204106	1,991	53,000	SH		DFND		0	53,000	0
CORE LABORATORIES N V	COM	N22717107	2,058	19,700	SH		DFND		0	19,700	0
COSTAR GROUP INC	COM	22160N109	3,363	17,000	SH		DFND		0	17,000	0
COSTCO WHSL CORP NEW	COM	22160K105	8,484	56,000	SH		DFND		0	56,000	0
CREDIT ACCEP CORP MICH	COM	225310101	214	1,100	SH		DFND		0	1,100	0
CROWN HOLDINGS INC	COM	228368106	9,859	182,500	SH		DFND		0	182,500	0
CVS HEALTH CORP	COM	126650100	6,027	58,400	SH		DFND		0	58,400	0
CYTEC INDS INC	COM	232820100	4,031	74,600	SH		DFND		0	74,600	0
DANAHER CORP DEL	COM	235851102	16,810	198,000	SH		DFND		0	198,000	0
DELTA AIR LINES INC DEL	COM NEW	247361702	12,364	275,000	SH		DFND		0	275,000	0
DENTSPLY INTL INC NEW	COM	249030107	3,913	76,900	SH		DFND		0	76,900	0
DISCOVER FINL SVCS	COM	254709108	2,874	51,000	SH		DFND		0	51,000	0
DISCOVERY COMMUNICATNS NEW	COM SER A	25470F104	5,998	195,000	SH		DFND		0	195,000	0
DISNEY WALT CO	COM DISNEY	254687106	2,559	24,400	SH		DFND		0	24,400	0
DOMINOS PIZZA INC	COM	25754A201	7,913	78,700	SH		DFND		0	78,700	0
DONALDSON INC	COM	257651109	3,771	100,000	SH		DFND		0	100,000	0
DRIL-QUIP INC	COM	262037104	547	8,000	SH		DFND		0	8,000	0
DSW INC	CL A	23334L102	1,254	34,000	SH		DFND		0	34,000	0
DUN & BRADSTREET CORP DEL NE	COM	26483E100	3,016	23,500	SH		DFND		0	23,500	0
E M C CORP MASS	COM	268648102	3,717	145,442	SH		DFND		0	145,442	0
EATON VANCE RISK MNGD DIV EQ	COM	27829G106	131	12,135	SH		DFND		0	12,135	0
EATON VANCE TX MGD DIV EQ IN	COM	27828N102	125	11,038	SH		DFND		0	11,038	0
ECOLAB INC	COM	278865100	15,945	139,400	SH		DFND		0	139,400	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	8,120	57,000	SH		DFND		0	57,000	0
EL PASO ELEC CO	COM NEW	283677854	1,422	36,800	SH		DFND		0	36,800	0
ENBRIDGE INC	COM	29250N105	4,069	83,900	SH		DFND		0	83,900	0
ENERGIZER HLDGS INC	COM	29266R108	8,104	58,700	SH		DFND		0	58,700	0
ENERSYS	COM	29275Y102	7,240	112,700	SH		DFND		0	112,700	0
ENPRO INDS INC	COM	29355X107	3,917	59,400	SH		DFND		0	59,400	0
ENSTAR GROUP LIMITED	SHS	G3075P101	553	3,900	SH		DFND		0	3,900	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	1,383	42,000	SH		DFND		0	42,000	0
EQT CORP	COM	26884L109	12,801	154,473	SH		DFND		0	154,473	0
EQUIFAX INC	COM	294429105	3,301	35,500	SH		DFND		0	35,500	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	3,759	68,400	SH		DFND		0	68,400	0
EQUITY ONE	COM	294752100	899	33,700	SH		DFND		0	33,700	0
ESSEX PPTY TR INC	COM	297178105	3,254	14,153	SH		DFND		0	14,153	0
ESTERLINE TECHNOLOGIES CORP	COM	297425100	11,339	99,100	SH		DFND		0	99,100	0
EVEREST RE GROUP LTD	COM	G3223R108	244	1,400	SH		DFND		0	1,400	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	10,077	116,140	SH		DFND		0	116,140	0
EXXON MOBIL CORP	COM	30231G102	2,550	30,000	SH		DFND		0	30,000	0
F M C CORP	COM NEW	302491303	7,649	133,600	SH		DFND		0	133,600	0
FACEBOOK INC	CL A	30303M102	15,703	191,000	SH		DFND		0	191,000	0
FEDEX CORP	COM	31428X106	3,855	23,300	SH		DFND		0	23,300	0
FIDELITY NATL INFORMATION SV	COM	31620M106	1,041	15,300	SH		DFND		0	15,300	0
FIRST FINL BANKSHARES	COM	32020R109	1,955	70,748	SH		DFND		0	70,748	0
FISERV INC	COM	337738108	14,133	178,000	SH		DFND		0	178,000	0
FLOWERS FOODS INC	COM	343498101	15,328	674,037	SH		DFND		0	674,037	0
FLOWSERVE CORP	COM	34354P105	1,175	20,800	SH		DFND		0	20,800	0
FMC TECHNOLOGIES INC	COM	30249U101	4,530	122,400	SH		DFND		0	122,400	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	2,375	25,400	SH		DFND		0	25,400	0
FRANKLIN ELEC INC	COM	353514102	1,419	37,200	SH		DFND		0	37,200	0
GABELLI EQUITY TR INC	COM	362397101	127	19,545	SH		DFND		0	19,545	0
GAMCO GLOBAL GOLD NAT RES &	COM SH BEN INT	36465A109	87	12,572	SH		DFND		0	12,572	0
GENERAL DYNAMICS CORP	COM	369550108	9,243	68,100	SH		DFND		0	68,100	0
GENERAL ELECTRIC CO	COM	369604103	4,714	190,000	SH		DFND		0	190,000	0
GENERAL MLS INC	COM	370334104	7,075	125,000	SH		DFND		0	125,000	0
GENESEE & WYO INC	CL A	371559105	4,947	51,300	SH		DFND		0	51,300	0
GENUINE PARTS CO	COM	372460105	2,423	26,000	SH		DFND		0	26,000	0
G-III APPAREL GROUP LTD	COM	36237H101	2,580	22,900	SH		DFND		0	22,900	0
GILEAD SCIENCES INC	COM	375558103	9,224	94,000	SH		DFND		0	94,000	0
GILEAD SCIENCES INC	NOTE 1.625% 5/0	375558AP8	431	100,000	PRN		DFND		0	100,000	0
GLOBAL PMTS INC	COM	37940X102	3,585	39,100	SH		DFND		0	39,100	0
GOOGLE INC	CL A	38259P508	13,313	24,000	SH		DFND		0	24,000	0
GRACO INC	COM	384109104	3,976	55,100	SH		DFND		0	55,100	0
GRAINGER W W INC	COM	384802104	8,301	35,200	SH		DFND		0	35,200	0
HARLEY DAVIDSON INC	COM	412822108	12,634	208,000	SH		DFND		0	208,000	0
HARMAN INTL INDS INC	COM	413086109	3,207	24,000	SH		DFND		0	24,000	0
HDFC BANK LTD	ADR REPS 3 SHS	40415F101	4,446	75,500	SH		DFND		0	75,500	0
HEALTH CARE REIT INC	COM	42217K106	1,965	25,400	SH		DFND		0	25,400	0
HEALTHCARE SVCS GRP INC	COM	421906108	3,200	99,600	SH		DFND		0	99,600	0
HEARTLAND PMT SYS INC	COM	42235N108	1,729	36,911	SH		DFND		0	36,911	0
HEICO CORP NEW	COM	422806109	13,342	218,467	SH		DFND		0	218,467	0
HOME DEPOT INC	COM	437076102	4,317	38,000	SH		DFND		0	38,000	0
HOMEAWAY INC	COM	43739Q100	5,431	180,000	SH		DFND		0	180,000	0
HORMEL FOODS CORP	COM	440452100	13,166	231,600	SH		DFND		0	231,600	0
HORNBECK OFFSHORE SVCS INC N	COM	440543106	436	23,200	SH		DFND		0	23,200	0
HUNT J B TRANS SVCS INC	COM	445658107	4,833	56,600	SH		DFND		0	56,600	0
IAC INTERACTIVECORP	COM PAR $.001	44919P508	4,183	62,000	SH		DFND		0	62,000	0
IDEX CORP	COM	45167R104	11,704	154,350	SH		DFND		0	154,350	0
IDEXX LABS INC	COM	45168D104	16,916	109,500	SH		DFND		0	109,500	0
IHS INC	CL A	451734107	6,143	54,000	SH		DFND		0	54,000	0
ILLUMINA INC	COM	452327109	7,129	38,400	SH		DFND		0	38,400	0
INGREDION INC	COM	457187102	1,541	19,800	SH		DFND		0	19,800	0
INTEL CORP	COM	458140100	2,189	70,000	SH		DFND		0	70,000	0
INTERCEPT PHARMACEUTICALS IN	COM	45845P108	1,974	7,000	SH		DFND		0	7,000	0
INTUIT	COM	461202103	3,006	31,000	SH		DFND		0	31,000	0
ITC HLDGS CORP	COM	465685105	5,233	139,800	SH		DFND		0	139,800	0
ITT CORP NEW	COM NEW	450911201	9,304	233,126	SH		DFND		0	233,126	0
J & J SNACK FOODS CORP	COM	466032109	5,143	48,200	SH		DFND		0	48,200	0
J2 GLOBAL INC	COM	48123V102	5,281	80,400	SH		DFND		0	80,400	0
JPMORGAN CHASE & CO	COM	46625H100	9,693	160,000	SH		DFND		0	160,000	0
KANSAS CITY SOUTHERN	COM NEW	485170302	9,667	94,700	SH		DFND		0	94,700	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	1,918	58,400	SH		DFND		0	58,400	0
KIRBY CORP	COM	497266106	12,113	161,400	SH		DFND		0	161,400	0
L-3 COMMUNICATIONS HLDGS INC	COM	502424104	377	3,000	SH		DFND		0	3,000	0
LAMAR ADVERTISING CO NEW	CL A	512816109	4,090	69,000	SH		DFND		0	69,000	0
LANDSTAR SYS INC	COM	515098101	2,241	33,800	SH		DFND		0	33,800	0
LAUDER ESTEE COS INC	CL A	518439104	7,568	91,000	SH		DFND		0	91,000	0
LENDINGTREE INC NEW	COM	52603B107	583	10,400	SH		DFND		0	10,400	0
LENNOX INTL INC	COM	526107107	10,119	90,600	SH		DFND		0	90,600	0
LIBERTY ALL STAR EQUITY FD	SH BEN INT	530158104	136	23,210	SH		DFND		0	23,210	0
LINCOLN ELEC HLDGS INC	COM	533900106	8,697	133,000	SH		DFND		0	133,000	0
LIONS GATE ENTMNT CORP	COM NEW	535919203	4,613	136,000	SH		DFND		0	136,000	0
LKQ CORP	COM	501889208	8,414	329,200	SH		DFND		0	329,200	0
LUXOTTICA GROUP S P A	SPONSORED ADR	55068R202	565	9,000	SH		DFND		0	9,000	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	3,249	37,000	SH		DFND		0	37,000	0
M & T BK CORP	COM	55261F104	5,055	39,800	SH		DFND		0	39,800	0
MACQUARIE INFRASTR CO LLC	MEMBERSHIP INT	55608B105	395	4,800	SH		DFND		0	4,800	0
MACYS INC	COM	55616P104	4,803	74,000	SH		DFND		0	74,000	0
MANHATTAN ASSOCS INC	COM	562750109	1,478	29,200	SH		DFND		0	29,200	0
MASTERCARD INC	CL A	57636Q104	8,509	98,500	SH		DFND		0	98,500	0
MCCORMICK & CO INC	COM NON VTG	579780206	1,033	13,400	SH		DFND		0	13,400	0
MCKESSON CORP	COM	58155Q103	11,016	48,700	SH		DFND		0	48,700	0
MEAD JOHNSON NUTRITION CO	COM	582839106	3,317	33,000	SH		DFND		0	33,000	0
MEDIDATA SOLUTIONS INC	COM	58471A105	3,923	80,000	SH		DFND		0	80,000	0
MEDIVATION INC	COM	58501N101	12,649	98,000	SH		DFND		0	98,000	0
MEDNAX INC	COM	58502B106	14,313	197,400	SH		DFND		0	197,400	0
MEDTRONIC PLC	SHS	G5960L103	4,991	64,000	SH		DFND		0	64,000	0
MERCK & CO INC NEW	COM	58933Y105	2,748	47,800	SH		DFND		0	47,800	0
METTLER TOLEDO INTERNATIONAL	COM	592688105	18,602	56,600	SH		DFND		0	56,600	0
MGM RESORTS INTERNATIONAL	NOTE 4.250% 4/1	55303QAE0	114	100,000	PRN		DFND		0	100,000	0
MICHAEL KORS HLDGS LTD	SHS	G60754101	8,087	123,000	SH		DFND		0	123,000	0
MICRON TECHNOLOGY INC	COM	595112103	7,732	285,000	SH		DFND		0	285,000	0
MIDDLEBY CORP	COM	596278101	14,699	143,200	SH		DFND		0	143,200	0
MONRO MUFFLER BRAKE INC	COM	610236101	2,745	42,200	SH		DFND		0	42,200	0
MONSANTO CO NEW	COM	61166W101	9,678	86,000	SH		DFND		0	86,000	0
MONSTER BEVERAGE CORP	COM	611740101	6,089	44,000	SH		DFND		0	44,000	0
NETSCOUT SYS INC	COM	64115T104	601	13,700	SH		DFND		0	13,700	0
NEW JERSEY RES	COM	646025106	1,715	55,200	SH		DFND		0	55,200	0
NEWMARKET CORP	COM	651587107	10,368	21,700	SH		DFND		0	21,700	0
NEXTERA ENERGY INC	COM	65339F101	1,353	13,000	SH		DFND		0	13,000	0
NIELSEN N V	COM	N63218106	4,858	109,000	SH		DFND		0	109,000	0
NIKE INC	CL B	654106103	4,214	42,000	SH		DFND		0	42,000	0
NOBLE ENERGY INC	COM	655044105	5,350	109,400	SH		DFND		0	109,400	0
NORDSON CORP	COM	655663102	3,008	38,400	SH		DFND		0	38,400	0
NORTHROP GRUMMAN CORP	COM	666807102	1,545	9,600	SH		DFND		0	9,600	0
NORTHWEST NAT GAS CO	COM	667655104	1,093	22,800	SH		DFND		0	22,800	0
NORTHWESTERN CORP	COM NEW	668074305	839	15,600	SH		DFND		0	15,600	0
NOVO-NORDISK A S	ADR	670100205	8,943	167,500	SH		DFND		0	167,500	0
O REILLY AUTOMOTIVE INC NEW	COM	67103H107	11,980	55,400	SH		DFND		0	55,400	0
OCEANEERING INTL INC	COM	675232102	884	16,400	SH		DFND		0	16,400	0
ONEOK INC NEW	COM	682680103	2,991	62,000	SH		DFND		0	62,000	0
OPEN TEXT CORP	COM	683715106	3,443	65,100	SH		DFND		0	65,100	0
ORBITAL ATK INC	COM	68557N103	406	5,300	SH		DFND		0	5,300	0
OSHKOSH CORP	COM	688239201	3,171	65,000	SH		DFND		0	65,000	0
OXFORD INDS INC	COM	691497309	332	4,400	SH		DFND		0	4,400	0
PACKAGING CORP AMER	COM	695156109	2,127	27,200	SH		DFND		0	27,200	0
PANDORA MEDIA INC	COM	698354107	2,350	145,000	SH		DFND		0	145,000	0
PAREXEL INTL CORP	COM	699462107	2,687	38,950	SH		DFND		0	38,950	0
PARKER HANNIFIN CORP	COM	701094104	10,191	85,800	SH		DFND		0	85,800	0
PARTNERRE LTD	COM	G6852T105	2,813	24,600	SH		DFND		0	24,600	0
PEPSICO INC	COM	713448108	8,156	85,300	SH		DFND		0	85,300	0
PERRIGO CO PLC	SHS	G97822103	3,642	22,000	SH		DFND		0	22,000	0
PFIZER INC	COM	717081103	3,249	93,388	SH		DFND		0	93,388	0
PIEDMONT NAT GAS INC	COM	720186105	2,156	58,400	SH		DFND		0	58,400	0
PIONEER NAT RES CO	COM	723787107	1,185	7,246	SH		DFND		0	7,246	0
POOL CORPORATION	COM	73278L105	5,260	75,400	SH		DFND		0	75,400	0
PRA GROUP INC	COM	69354N106	5,758	106,000	SH		DFND		0	106,000	0
PRAXAIR INC	COM	74005P104	8,621	71,400	SH		DFND		0	71,400	0
PRICE T ROWE GROUP INC	COM	74144T108	1,085	13,400	SH		DFND		0	13,400	0
PRICELINE GRP INC	COM NEW	741503403	8,033	6,900	SH		DFND		0	6,900	0
PRINCIPAL FINL GROUP INC	COM	74251V102	771	15,000	SH		DFND		0	15,000	0
PROASSURANCE CORP	COM	74267C106	5,720	124,600	SH		DFND		0	124,600	0
PROCTER & GAMBLE CO	COM	742718109	2,130	26,000	SH		DFND		0	26,000	0
PROSPERITY BANCSHARES INC	COM	743606105	2,813	53,600	SH		DFND		0	53,600	0
PRUDENTIAL FINL INC	COM	744320102	2,345	29,200	SH		DFND		0	29,200	0
QUALCOMM INC	COM	747525103	7,281	105,000	SH		DFND		0	105,000	0
QUESTAR CORP	COM	748356102	3,772	158,100	SH		DFND		0	158,100	0
RAYTHEON CO	COM NEW	755111507	4,141	37,900	SH		DFND		0	37,900	0
RBC BEARINGS INC	COM	75524B104	1,577	20,600	SH		DFND		0	20,600	0
RENAISSANCERE HOLDINGS LTD	COM	G7496G103	399	4,000	SH		DFND		0	4,000	0
REPUBLIC SVCS INC	COM	760759100	7,057	174,000	SH		DFND		0	174,000	0
RESMED INC	COM	761152107	933	13,000	SH		DFND		0	13,000	0
RESTORATION HARDWARE HLDGS I	COM	761283100	694	7,000	SH		DFND		0	7,000	0
REYNOLDS AMERICAN INC	COM	761713106	5,857	85,000	SH		DFND		0	85,000	0
RLI CORP	COM	749607107	6,991	133,400	SH		DFND		0	133,400	0
ROLLINS INC	COM	775711104	15,956	645,200	SH		DFND		0	645,200	0
ROPER INDS INC NEW	COM	776696106	19,746	114,800	SH		DFND		0	114,800	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	4,370	72,400	SH		DFND		0	72,400	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	1,605	25,600	SH		DFND		0	25,600	0
RUSH ENTERPRISES INC	CL A	781846209	2,963	108,300	SH		DFND		0	108,300	0
RYANAIR HLDGS PLC	SPONSORED ADR	783513104	401	6,000	SH		DFND		0	6,000	0
SALESFORCE COM INC	COM	79466L302	12,560	188,000	SH		DFND		0	188,000	0
SANOFI	SPONSORED ADR	80105N105	3,856	78,000	SH		DFND		0	78,000	0
SBA COMMUNICATIONS CORP	COM	78388J106	11,523	98,400	SH		DFND		0	98,400	0
SCHEIN HENRY INC	COM	806407102	17,885	128,100	SH		DFND		0	128,100	0
SCHLUMBERGER LTD	COM	806857108	5,691	68,200	SH		DFND		0	68,200	0
SCOTTS MIRACLE GRO CO	CL A	810186106	6,112	91,000	SH		DFND		0	91,000	0
SIGMA ALDRICH CORP	COM	826552101	13,258	95,900	SH		DFND		0	95,900	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	1,309	10,100	SH		DFND		0	10,100	0
SILGAN HOLDINGS INC	COM	827048109	12,260	210,900	SH		DFND		0	210,900	0
SNAP ON INC	COM	833034101	9,309	63,300	SH		DFND		0	63,300	0
SOUTH JERSEY INDS INC	COM	838518108	6,242	115,000	SH		DFND		0	115,000	0
SOUTHWEST GAS CORP	COM	844895102	2,594	44,600	SH		DFND		0	44,600	0
STARBUCKS CORP	COM	855244109	14,300	151,000	SH		DFND		0	151,000	0
STARWOOD HOTELS&RESORTS WRLD	COM	85590A401	5,093	61,000	SH		DFND		0	61,000	0
STERICYCLE INC	COM	858912108	18,242	129,900	SH		DFND		0	129,900	0
STERIS CORP	COM	859152100	1,546	22,000	SH		DFND		0	22,000	0
STIFEL FINL CORP	COM	860630102	6,974	125,100	SH		DFND		0	125,100	0
SYNAPTICS INC	COM	87157D109	3,561	43,800	SH		DFND		0	43,800	0
SYNNEX CORP	COM	87162W100	4,110	53,200	SH		DFND		0	53,200	0
SYNTEL INC	COM	87162H103	1,097	21,200	SH		DFND		0	21,200	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	317	9,000	SH		DFND		0	9,000	0
TELEDYNE TECHNOLOGIES INC	COM	879360105	18,838	176,500	SH		DFND		0	176,500	0
TESLA MTRS INC	COM	88160R101	3,020	16,000	SH		DFND		0	16,000	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	2,756	44,237	SH		DFND		0	44,237	0
TEXAS ROADHOUSE INC	COM	882681109	3,097	85,000	SH		DFND		0	85,000	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	5,145	38,300	SH		DFND		0	38,300	0
TIFFANY & CO NEW	COM	886547108	3,696	42,000	SH		DFND		0	42,000	0
TIME WARNER CABLE INC	COM	88732j207	1,903	12,700	SH		DFND		0	12,700	0
TJX COS INC NEW	COM	872540109	25,918	370,000	SH		DFND		0	370,000	0
TOLL BROTHERS INC	COM	889478103	3,934	100,000	SH		DFND		0	100,000	0
TORO CO	COM	891092108	19,921	284,100	SH		DFND		0	284,100	0
TORONTO DOMINION BK ONT	COM NEW	891160509	1,473	34,368	SH		DFND		0	34,368	0
TOWERS WATSON & CO	CL A	891894107	780	5,900	SH		DFND		0	5,900	0
TRANSCANADA CORP	COM	89353D107	1,111	26,000	SH		DFND		0	26,000	0
TRIMBLE NAVIGATION LTD	COM	896239100	7,832	310,800	SH		DFND		0	310,800	0
TYLER TECHNOLOGIES INC	COM	902252105	7,733	64,158	SH		DFND		0	64,158	0
ULTIMATE SOFTWARE GROUP INC	COM	90385D107	17,335	102,000	SH		DFND		0	102,000	0
UNION PAC CORP	COM	907818108	13,799	127,400	SH		DFND		0	127,400	0
UNITED TECHNOLOGIES CORP	COM	913017109	13,255	113,100	SH		DFND		0	113,100	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	942	8,000	SH		DFND		0	8,000	0
URBAN OUTFITTERS INC	COM	917047102	4,200	92,000	SH		DFND		0	92,000	0
V F CORP	COM	918204108	4,278	56,800	SH		DFND		0	56,800	0
VAIL RESORTS INC	COM	91879Q109	5,792	56,000	SH		DFND		0	56,000	0
VALMONT INDS INC	COM	920253101	2,654	21,600	SH		DFND		0	21,600	0
VALSPAR CORP	COM	920355104	13,815	164,400	SH		DFND		0	164,400	0
VCA INC	COM	918194101	3,191	58,200	SH		DFND		0	58,200	0
VERIZON COMMUNICATIONS INC	COM	92343V104	3,647	75,000	SH		DFND		0	75,000	0
VISA INC	COM CL A	92826C839	9,942	152,000	SH		DFND		0	152,000	0
VISTA OUTDOOR INC	COM	928377100	831	19,400	SH		DFND		0	19,400	0
VOYA GLBL EQTY DIV & PREM OP	COM	92912T100	94	11,242	SH		DFND		0	11,242	0
WABTEC CORP	COM	929740108	15,145	159,400	SH		DFND		0	159,400	0
WASTE CONNECTIONS INC	COM	941053100	20,202	419,650	SH		DFND		0	419,650	0
WELLS FARGO & CO NEW	COM	949746101	5,016	92,200	SH		DFND		0	92,200	0
WEX INC	COM	96208T104	12,830	119,500	SH		DFND		0	119,500	0
WHOLE FOODS MKT INC	COM	966837106	3,281	63,000	SH		DFND		0	63,000	0
WILEY JOHN & SONS INC	CL A	968223206	428	7,000	SH		DFND		0	7,000	0
WISCONSIN ENERGY CORP	COM	976657106	1,846	37,300	SH		DFND		0	37,300	0
WOLVERINE WORLD WIDE INC	COM	978097103	9,958	297,700	SH		DFND		0	297,700	0
WOODWARD INC	COM	980745103	5,101	100,000	SH		DFND		0	100,000	0
XCEL ENERGY INC	COM	98389B100	1,361	39,100	SH		DFND		0	39,100	0
YELP INC	CL A	985817105	2,131	45,000	SH		DFND		0	45,000	0