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	6,047	90,000	SH		DFND		0	90,000	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	9,233	95,400	SH		DFND		0	95,400	0
ACE LTD	SHS	H0023R105	1,830	18,000	SH		DFND		0	18,000	0
ACTIVISION BLIZZARD INC	COM	00507V109	12,468	515,000	SH		DFND		0	515,000	0
ACUITY BRANDS INC	COM	00508Y102	17,548	97,500	SH		DFND		0	97,500	0
ADVENT SOFTWARE INC	COM	007974108	2,953	66,800	SH		DFND		0	66,800	0
ADVISORY BRD CO	COM	00762W107	2,832	51,800	SH		DFND		0	51,800	0
AFFILIATED MANAGERS GROUP	COM	008252108	14,537	66,500	SH		DFND		0	66,500	0
AIR METHODS CORP	COM PAR $.06	009128307	1,554	37,600	SH		DFND		0	37,600	0
AIR PRODS & CHEMS INC	COM	009158106	2,052	15,000	SH		DFND		0	15,000	0
AIRGAS INC	COM	009363102	8,272	78,200	SH		DFND		0	78,200	0
AKORN INC	COM	009728106	3,606	82,600	SH		DFND		0	82,600	0
ALEXION PHARMACEUTICALS INC	COM	015351109	15,004	83,000	SH		DFND		0	83,000	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	6,253	76,000	SH		DFND		0	76,000	0
ALLEGHANY CORP DEL	COM	017175100	3,141	6,700	SH		DFND		0	6,700	0
ALLERGAN PLC	SHS	G0177J108	15,703	51,745	SH		DFND		0	51,745	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	19,472	66,700	SH		DFND		0	66,700	0
ALLIED WRLD ASSUR COM HLDG A	SHS	H01531104	1,219	28,200	SH		DFND		0	28,200	0
AMAZON COM INC	COM	023135106	5,426	12,500	SH		DFND		0	12,500	0
AMBEV SA	SPONSORED ADR	02319V103	293	48,000	SH		DFND		0	48,000	0
AMERICAN AIRLS GROUP INC	COM	02376R102	2,636	66,000	SH		DFND		0	66,000	0
AMERICAN TOWER CORP NEW	COM	03027X100	12,678	135,900	SH		DFND		0	135,900	0
AMETEK INC NEW	COM	031100100	17,636	321,950	SH		DFND		0	321,950	0
AMGEN INC	COM	031162100	2,917	19,000	SH		DFND		0	19,000	0
AMPHENOL CORP NEW	CL A	032095101	14,661	252,900	SH		DFND		0	252,900	0
ANIXTER INTL INC	COM	035290105	2,430	37,300	SH		DFND		0	37,300	0
ANSYS INC	COM	03662Q105	17,822	195,326	SH		DFND		0	195,326	0
ANTHEM INC	COM	036752103	1,149	7,000	SH		DFND		0	7,000	0
APPLE INC	COM	037833100	21,347	170,200	SH		DFND		0	170,200	0
APPLIED INDL TECHNOLOGIES IN	COM	03820C105	730	18,400	SH		DFND		0	18,400	0
APTARGROUP INC	COM	038336103	9,814	153,900	SH		DFND		0	153,900	0
ARCH CAP GROUP LTD	ORD	G0450A105	8,678	129,600	SH		DFND		0	129,600	0
ASBURY AUTOMOTIVE GROUP INC	COM	043436104	2,465	27,200	SH		DFND		0	27,200	0
ASTRONICS CORP	COM	046433108	1,638	23,100	SH		DFND		0	23,100	0
ATWOOD OCEANICS INC	COM	050095108	1,274	48,200	SH		DFND		0	48,200	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	3,426	42,700	SH		DFND		0	42,700	0
AUTOZONE INC	COM	053332102	13,605	20,400	SH		DFND		0	20,400	0
AVAGO TECHNOLOGIES LTD	SHS	Y0486S104	4,785	36,000	SH		DFND		0	36,000	0
AZZ INC	COM	002474104	5,667	109,400	SH		DFND		0	109,400	0
BAIDU INC	SPON ADR REP A	056752108	6,769	34,000	SH		DFND		0	34,000	0
BALL CORP	COM	058498106	3,914	55,800	SH		DFND		0	55,800	0
BANCO DE CHILE	SPONSORED ADR	059520106	290	4,407	SH		DFND		0	4,407	0
BARD C R INC	COM	067383109	12,188	71,400	SH		DFND		0	71,400	0
BCE INC	COM NEW	05534B760	2,337	55,000	SH		DFND		0	55,000	0
BECTON DICKINSON & CO	COM	075887109	4,887	34,500	SH		DFND		0	34,500	0
BIO RAD LABS INC	CL A	090572207	422	2,800	SH		DFND		0	2,800	0
BIOGEN INC	COM	09062X103	14,946	37,000	SH		DFND		0	37,000	0
BIOMARIN PHARMACEUTICAL INC	COM	09061G101	2,599	19,000	SH		DFND		0	19,000	0
BIO-REFERENCE LABS INC	COM $.01 NEW	09057G602	895	21,700	SH		DFND		0	21,700	0
BLACKROCK INC	COM	09247X101	7,439	21,500	SH		DFND		0	21,500	0
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	2,861	70,000	SH		DFND		0	70,000	0
BLOOMIN BRANDS INC	COM	094235108	3,202	150,000	SH		DFND		0	150,000	0
BOEING CO	COM	097023105	3,052	22,000	SH		DFND		0	22,000	0
BOK FINL CORP	COM NEW	05561Q201	390	5,600	SH		DFND		0	5,600	0
BORGWARNER INC	COM	099724106	7,617	134,000	SH		DFND		0	134,000	0
BOSTON BEER INC	CL A	100557107	9,101	39,232	SH		DFND		0	39,232	0
BRF SA	SPONSORED ADR	10552T107	2,488	119,000	SH		DFND		0	119,000	0
BRINKER INTL INC	COM	109641100	12,268	212,800	SH		DFND		0	212,800	0
BRISTOL MYERS SQUIBB CO	COM	110122108	1,490	22,400	SH		DFND		0	22,400	0
BRITISH AMERN TOB PLC	SPONSORED ADR	110448107	2,814	26,000	SH		DFND		0	26,000	0
BROWN FORMAN CORP	CL B	115637209	2,334	23,300	SH		DFND		0	23,300	0
BUCKLE INC	COM	118440106	801	17,500	SH		DFND		0	17,500	0
BUFFALO WILD WINGS INC	COM	119848109	7,944	50,700	SH		DFND		0	50,700	0
CANADIAN NATL RY CO	COM	136375102	10,892	188,600	SH		DFND		0	188,600	0
CANADIAN PAC RY LTD	COM	13645T100	1,698	10,600	SH		DFND		0	10,600	0
CAPITAL ONE FINL CORP	COM	14040H105	2,146	24,400	SH		DFND		0	24,400	0
CARLISLE COS INC	COM	142339100	10,102	100,900	SH		DFND		0	100,900	0
CASEYS GEN STORES INC	COM	147528103	11,814	123,400	SH		DFND		0	123,400	0
CELGENE CORP	COM	151020104	18,923	163,500	SH		DFND		0	163,500	0
CERNER CORP	COM	156782104	11,616	168,200	SH		DFND		0	168,200	0
CHEVRON CORP NEW	COM	166764100	2,074	21,500	SH		DFND		0	21,500	0
CHICAGO BRIDGE & IRON CO N V	COM	167250109	1,751	35,000	SH		DFND		0	35,000	0
CHURCH & DWIGHT INC	COM	171340102	18,254	225,000	SH		DFND		0	225,000	0
CISCO SYS INC	COM	17275R102	4,531	165,000	SH		DFND		0	165,000	0
CLARCOR INC	COM	179895107	20,738	333,200	SH		DFND		0	333,200	0
CLEAN HARBORS INC	COM	184496107	688	12,800	SH		DFND		0	12,800	0
CLECO CORP NEW	COM	12561W105	1,852	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	1,589	20,000	SH		DFND		0	20,000	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	13,843	226,600	SH		DFND		0	226,600	0
COMCAST CORP NEW	CL A SPL	20030N200	5,574	93,000	SH		DFND		0	93,000	0
COMMERCE BANCSHARES INC	COM	200525103	341	7,286	SH		DFND		0	7,286	0
COMPASS MINERALS INTL INC	COM	20451N101	222	2,700	SH		DFND		0	2,700	0
CONOCOPHILLIPS	COM	20825C104	1,676	27,300	SH		DFND		0	27,300	0
CONSTELLATION BRANDS INC	CL A	21036P108	5,569	48,000	SH		DFND		0	48,000	0
COPART INC	COM	217204106	1,774	50,000	SH		DFND		0	50,000	0
CORE LABORATORIES N V	COM	N22717107	2,247	19,700	SH		DFND		0	19,700	0
COSTAR GROUP INC	COM	22160N109	3,220	16,000	SH		DFND		0	16,000	0
COSTCO WHSL CORP NEW	COM	22160K105	7,563	56,000	SH		DFND		0	56,000	0
CREDIT ACCEP CORP MICH	COM	225310101	271	1,100	SH		DFND		0	1,100	0
CROWN HOLDINGS INC	COM	228368106	9,656	182,500	SH		DFND		0	182,500	0
CVS HEALTH CORP	COM	126650100	12,208	116,400	SH		DFND		0	116,400	0
CYTEC INDS INC	COM	232820100	4,576	75,600	SH		DFND		0	75,600	0
DANAHER CORP DEL	COM	235851102	16,005	187,000	SH		DFND		0	187,000	0
DELTA AIR LINES INC DEL	COM NEW	247361702	10,065	245,000	SH		DFND		0	245,000	0
DENTSPLY INTL INC NEW	COM	249030107	3,964	76,900	SH		DFND		0	76,900	0
DISCOVER FINL SVCS	COM	254709108	2,939	51,000	SH		DFND		0	51,000	0
DISCOVERY COMMUNICATNS NEW	COM SER A	25470F104	2,328	70,000	SH		DFND		0	70,000	0
DISNEY WALT CO	COM DISNEY	254687106	2,785	24,400	SH		DFND		0	24,400	0
DOMINOS PIZZA INC	COM	25754A201	9,412	83,000	SH		DFND		0	83,000	0
DONALDSON INC	COM	257651109	1,919	53,600	SH		DFND		0	53,600	0
DRIL-QUIP INC	COM	262037104	602	8,000	SH		DFND		0	8,000	0
DSW INC	CL A	23334L102	1,135	34,000	SH		DFND		0	34,000	0
DUN & BRADSTREET CORP DEL NE	COM	26483E100	1,440	11,800	SH		DFND		0	11,800	0
E M C CORP MASS	COM	268648102	3,838	145,442	SH		DFND		0	145,442	0
EATON VANCE RISK MNGD DIV EQ	COM	27829G106	135	12,510	SH		DFND		0	12,510	0
EATON VANCE TX MGD DIV EQ IN	COM	27828N102	129	11,302	SH		DFND		0	11,302	0
ECOLAB INC	COM	278865100	16,938	149,800	SH		DFND		0	149,800	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	8,119	57,000	SH		DFND		0	57,000	0
EL PASO ELEC CO	COM NEW	283677854	1,310	37,800	SH		DFND		0	37,800	0
ENBRIDGE INC	COM	29250N105	3,926	83,900	SH		DFND		0	83,900	0
ENERGIZER HLDGS INC NEW	COM	29272W109	7,722	58,700	SH		DFND		0	58,700	0
ENERSYS	COM	29275Y102	7,922	112,700	SH		DFND		0	112,700	0
ENPRO INDS INC	COM	29355X107	3,742	65,400	SH		DFND		0	65,400	0
ENSTAR GROUP LIMITED	SHS	G3075P101	604	3,900	SH		DFND		0	3,900	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	1,255	42,000	SH		DFND		0	42,000	0
EQT CORP	COM	26884L109	12,565	154,473	SH		DFND		0	154,473	0
EQUIFAX INC	COM	294429105	3,447	35,500	SH		DFND		0	35,500	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	3,596	68,400	SH		DFND		0	68,400	0
EQUITY ONE	COM	294752100	787	33,700	SH		DFND		0	33,700	0
ESSEX PPTY TR INC	COM	297178105	3,008	14,153	SH		DFND		0	14,153	0
ESTERLINE TECHNOLOGIES CORP	COM	297425100	9,115	95,600	SH		DFND		0	95,600	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	10,329	116,140	SH		DFND		0	116,140	0
EXXON MOBIL CORP	COM	30231G102	2,496	30,000	SH		DFND		0	30,000	0
F M C CORP	COM NEW	302491303	7,021	133,600	SH		DFND		0	133,600	0
FACEBOOK INC	CL A	30303M102	18,011	210,000	SH		DFND		0	210,000	0
FEDEX CORP	COM	31428X106	2,812	16,500	SH		DFND		0	16,500	0
FIDELITY NATL INFORMATION SV	COM	31620M106	946	15,300	SH		DFND		0	15,300	0
FIRST FINL BANKSHARES	COM	32020R109	2,451	70,748	SH		DFND		0	70,748	0
FISERV INC	COM	337738108	15,655	189,000	SH		DFND		0	189,000	0
FLOWERS FOODS INC	COM	343498101	14,256	674,037	SH		DFND		0	674,037	0
FMC TECHNOLOGIES INC	COM	30249U101	4,415	106,400	SH		DFND		0	106,400	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	2,263	25,400	SH		DFND		0	25,400	0
FRANKLIN ELEC INC	COM	353514102	1,452	44,900	SH		DFND		0	44,900	0
GABELLI EQUITY TR INC	COM	362397101	140	22,435	SH		DFND		0	22,435	0
GAMCO GLOBAL GOLD NAT RES &	COM SH BEN INT	36465A109	97	14,922	SH		DFND		0	14,922	0
GENERAL DYNAMICS CORP	COM	369550108	9,649	68,100	SH		DFND		0	68,100	0
GENERAL ELECTRIC CO	COM	369604103	5,580	210,000	SH		DFND		0	210,000	0
GENERAL MLS INC	COM	370334104	6,965	125,000	SH		DFND		0	125,000	0
GENESEE & WYO INC	CL A	371559105	2,643	34,700	SH		DFND		0	34,700	0
G-III APPAREL GROUP LTD	COM	36237H101	3,222	45,800	SH		DFND		0	45,800	0
GILEAD SCIENCES INC	COM	375558103	11,123	95,000	SH		DFND		0	95,000	0
GLOBAL PMTS INC	COM	37940X102	4,045	39,100	SH		DFND		0	39,100	0
GOOGLE INC	CL A	38259P508	12,961	24,000	SH		DFND		0	24,000	0
GRACO INC	COM	384109104	369	5,200	SH		DFND		0	5,200	0
GRAINGER W W INC	COM	384802104	6,295	26,600	SH		DFND		0	26,600	0
GRUBHUB INC	COM	400110102	2,385	70,000	SH		DFND		0	70,000	0
HANESBRANDS INC	COM	410345102	3,499	105,000	SH		DFND		0	105,000	0
HARLEY DAVIDSON INC	COM	412822108	11,721	208,000	SH		DFND		0	208,000	0
HARMAN INTL INDS INC	COM	413086109	2,855	24,000	SH		DFND		0	24,000	0
HDFC BANK LTD	ADR REPS 3 SHS	40415F101	4,570	75,500	SH		DFND		0	75,500	0
HEALTH CARE REIT INC	COM	42217K106	1,667	25,400	SH		DFND		0	25,400	0
HEALTHCARE SVCS GRP INC	COM	421906108	3,325	100,600	SH		DFND		0	100,600	0
HEARTLAND PMT SYS INC	COM	42235N108	1,995	36,911	SH		DFND		0	36,911	0
HEICO CORP NEW	COM	422806109	13,209	226,567	SH		DFND		0	226,567	0
HOME DEPOT INC	COM	437076102	4,556	41,000	SH		DFND		0	41,000	0
HOMEAWAY INC	COM	43739Q100	5,290	170,000	SH		DFND		0	170,000	0
HORMEL FOODS CORP	COM	440452100	13,055	231,600	SH		DFND		0	231,600	0
HORNBECK OFFSHORE SVCS INC N	COM	440543106	1,359	66,200	SH		DFND		0	66,200	0
HUNT J B TRANS SVCS INC	COM	445658107	4,646	56,600	SH		DFND		0	56,600	0
IAC INTERACTIVECORP	COM PAR $.001	44919P508	4,780	60,000	SH		DFND		0	60,000	0
IDEX CORP	COM	45167R104	9,913	126,150	SH		DFND		0	126,150	0
IDEXX LABS INC	COM	45168D104	14,047	219,000	SH		DFND		0	219,000	0
IHS INC	CL A	451734107	6,946	54,000	SH		DFND		0	54,000	0
ILLUMINA INC	COM	452327109	8,603	39,400	SH		DFND		0	39,400	0
INGREDION INC	COM	457187102	1,580	19,800	SH		DFND		0	19,800	0
INTEL CORP	COM	458140100	2,129	70,000	SH		DFND		0	70,000	0
INTERCEPT PHARMACEUTICALS IN	COM	45845P108	5,310	22,000	SH		DFND		0	22,000	0
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	537	2,400	SH		DFND		0	2,400	0
INTUIT	COM	461202103	4,414	43,800	SH		DFND		0	43,800	0
ITC HLDGS CORP	COM	465685105	4,241	131,800	SH		DFND		0	131,800	0
ITT CORP NEW	COM NEW	450911201	8,997	215,026	SH		DFND		0	215,026	0
J & J SNACK FOODS CORP	COM	466032109	5,334	48,200	SH		DFND		0	48,200	0
J2 GLOBAL INC	COM	48123V102	5,462	80,400	SH		DFND		0	80,400	0
JPMORGAN CHASE & CO	COM	46625H100	11,926	176,000	SH		DFND		0	176,000	0
KANSAS CITY SOUTHERN	COM NEW	485170302	8,637	94,700	SH		DFND		0	94,700	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	1,452	62,800	SH		DFND		0	62,800	0
KIRBY CORP	COM	497266106	12,373	161,400	SH		DFND		0	161,400	0
LAMAR ADVERTISING CO NEW	CL A	512816109	3,966	69,000	SH		DFND		0	69,000	0
LANDSTAR SYS INC	COM	515098101	2,260	33,800	SH		DFND		0	33,800	0
LAUDER ESTEE COS INC	CL A	518439104	7,886	91,000	SH		DFND		0	91,000	0
LENDINGTREE INC NEW	COM	52603B107	1,407	17,900	SH		DFND		0	17,900	0
LENNOX INTL INC	COM	526107107	8,809	81,800	SH		DFND		0	81,800	0
LIBERTY ALL STAR EQUITY FD	SH BEN INT	530158104	147	25,630	SH		DFND		0	25,630	0
LINCOLN ELEC HLDGS INC	COM	533900106	7,855	129,000	SH		DFND		0	129,000	0
LIONS GATE ENTMNT CORP	COM NEW	535919203	5,557	150,000	SH		DFND		0	150,000	0
LKQ CORP	COM	501889208	9,442	312,200	SH		DFND		0	312,200	0
LUXOTTICA GROUP S P A	SPONSORED ADR	55068R202	598	9,000	SH		DFND		0	9,000	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	3,830	37,000	SH		DFND		0	37,000	0
M & T BK CORP	COM	55261F104	4,023	32,200	SH		DFND		0	32,200	0
MACYS INC	COM	55616P104	4,993	74,000	SH		DFND		0	74,000	0
MANHATTAN ASSOCS INC	COM	562750109	1,742	29,200	SH		DFND		0	29,200	0
MASTERCARD INC	CL A	57636Q104	12,012	128,500	SH		DFND		0	128,500	0
MAXIMUS INC	COM	577933104	657	10,000	SH		DFND		0	10,000	0
MCCORMICK & CO INC	COM NON VTG	579780206	1,085	13,400	SH		DFND		0	13,400	0
MCKESSON CORP	COM	58155Q103	12,634	56,200	SH		DFND		0	56,200	0
MEAD JOHNSON NUTRITION CO	COM	582839106	2,977	33,000	SH		DFND		0	33,000	0
MEDIDATA SOLUTIONS INC	COM	58471A105	3,965	73,000	SH		DFND		0	73,000	0
MEDIVATION INC	COM	58501N101	10,621	93,000	SH		DFND		0	93,000	0
MEDNAX INC	COM	58502B106	15,311	206,600	SH		DFND		0	206,600	0
MEDTRONIC PLC	SHS	G5960L103	5,409	73,000	SH		DFND		0	73,000	0
MERCK & CO INC NEW	COM	58933Y105	2,721	47,800	SH		DFND		0	47,800	0
METTLER TOLEDO INTERNATIONAL	COM	592688105	19,327	56,600	SH		DFND		0	56,600	0
MICHAEL KORS HLDGS LTD	SHS	G60754101	6,019	143,000	SH		DFND		0	143,000	0
MICRON TECHNOLOGY INC	COM	595112103	5,369	285,000	SH		DFND		0	285,000	0
MIDDLEBY CORP	COM	596278101	15,286	136,200	SH		DFND		0	136,200	0
MONRO MUFFLER BRAKE INC	COM	610236101	2,897	46,600	SH		DFND		0	46,600	0
MONSANTO CO NEW	COM	61166W101	8,634	81,000	SH		DFND		0	81,000	0
MONSTER BEVERAGE CORP NEW	COM	61174X109	5,897	44,000	SH		DFND		0	44,000	0
NETFLIX INC	COM	64110L106	4,270	6,500	SH		DFND		0	6,500	0
NETSCOUT SYS INC	COM	64115T104	568	15,500	SH		DFND		0	15,500	0
NEW JERSEY RES	COM	646025106	1,521	55,200	SH		DFND		0	55,200	0
NEWMARKET CORP	COM	651587107	8,789	19,800	SH		DFND		0	19,800	0
NIELSEN N V	COM	N63218106	4,880	109,000	SH		DFND		0	109,000	0
NIKE INC	CL B	654106103	4,537	42,000	SH		DFND		0	42,000	0
NOBLE ENERGY INC	COM	655044105	4,669	109,400	SH		DFND		0	109,400	0
NORDSON CORP	COM	655663102	2,991	38,400	SH		DFND		0	38,400	0
NORTHWEST NAT GAS CO	COM	667655104	1,004	23,800	SH		DFND		0	23,800	0
NORTHWESTERN CORP	COM NEW	668074305	760	15,600	SH		DFND		0	15,600	0
NOVO-NORDISK A S	ADR	670100205	9,172	167,500	SH		DFND		0	167,500	0
O REILLY AUTOMOTIVE INC NEW	COM	67103H107	15,118	66,900	SH		DFND		0	66,900	0
OCEANEERING INTL INC	COM	675232102	764	16,400	SH		DFND		0	16,400	0
ONEOK INC NEW	COM	682680103	2,448	62,000	SH		DFND		0	62,000	0
OPEN TEXT CORP	COM	683715106	2,639	65,100	SH		DFND		0	65,100	0
OSHKOSH CORP	COM	688239201	2,755	65,000	SH		DFND		0	65,000	0
OXFORD INDS INC	COM	691497309	1,784	20,400	SH		DFND		0	20,400	0
PACKAGING CORP AMER	COM	695156109	1,700	27,200	SH		DFND		0	27,200	0
PANDORA MEDIA INC	COM	698354107	2,253	145,000	SH		DFND		0	145,000	0
PAREXEL INTL CORP	COM	699462107	3,187	49,550	SH		DFND		0	49,550	0
PARKER HANNIFIN CORP	COM	701094104	3,583	30,800	SH		DFND		0	30,800	0
PARTNERRE LTD	COM	G6852T105	1,028	8,000	SH		DFND		0	8,000	0
PEPSICO INC	COM	713448108	7,962	85,300	SH		DFND		0	85,300	0
PERRIGO CO PLC	SHS	G97822103	2,588	14,000	SH		DFND		0	14,000	0
PFIZER INC	COM	717081103	2,964	88,388	SH		DFND		0	88,388	0
PIEDMONT NAT GAS INC	COM	720186105	2,062	58,400	SH		DFND		0	58,400	0
PIONEER NAT RES CO	COM	723787107	1,005	7,246	SH		DFND		0	7,246	0
POOL CORPORATION	COM	73278L105	5,530	78,800	SH		DFND		0	78,800	0
PRA GROUP INC	COM	69354N106	6,605	106,000	SH		DFND		0	106,000	0
PRAXAIR INC	COM	74005P104	8,536	71,400	SH		DFND		0	71,400	0
PRICELINE GRP INC	COM NEW	741503403	7,944	6,900	SH		DFND		0	6,900	0
PROASSURANCE CORP	COM	74267C106	3,678	79,600	SH		DFND		0	79,600	0
PROSPERITY BANCSHARES INC	COM	743606105	3,095	53,600	SH		DFND		0	53,600	0
PRUDENTIAL FINL INC	COM	744320102	2,818	32,200	SH		DFND		0	32,200	0
QUALCOMM INC	COM	747525103	5,950	95,000	SH		DFND		0	95,000	0
QUESTAR CORP	COM	748356102	2,131	101,900	SH		DFND		0	101,900	0
RAYTHEON CO	COM NEW	755111507	2,870	30,000	SH		DFND		0	30,000	0
RBC BEARINGS INC	COM	75524B104	2,720	37,900	SH		DFND		0	37,900	0
RENAISSANCERE HOLDINGS LTD	COM	G7496G103	964	9,500	SH		DFND		0	9,500	0
REPUBLIC SVCS INC	COM	760759100	5,053	129,000	SH		DFND		0	129,000	0
RESTORATION HARDWARE HLDGS I	COM	761283100	683	7,000	SH		DFND		0	7,000	0
REYNOLDS AMERICAN INC	COM	761713106	6,346	85,000	SH		DFND		0	85,000	0
RLI CORP	COM	749607107	6,855	133,400	SH		DFND		0	133,400	0
ROLLINS INC	COM	775711104	18,465	647,200	SH		DFND		0	647,200	0
ROPER TECHNOLOGIES INC	COM	776696106	19,798	114,800	SH		DFND		0	114,800	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	624	10,200	SH		DFND		0	10,200	0
RUSH ENTERPRISES INC	CL A	781846209	2,839	108,300	SH		DFND		0	108,300	0
RYANAIR HLDGS PLC	SPONSORED ADR	783513104	428	6,000	SH		DFND		0	6,000	0
SALESFORCE COM INC	COM	79466L302	13,090	188,000	SH		DFND		0	188,000	0
SANOFI	SPONSORED ADR	80105N105	3,021	61,000	SH		DFND		0	61,000	0
SBA COMMUNICATIONS CORP	COM	78388J106	11,773	102,400	SH		DFND		0	102,400	0
SCHEIN HENRY INC	COM	806407102	18,206	128,100	SH		DFND		0	128,100	0
SCHLUMBERGER LTD	COM	806857108	5,878	68,200	SH		DFND		0	68,200	0
SCHWAB CHARLES CORP NEW	COM	808513105	3,102	95,000	SH		DFND		0	95,000	0
SCOTTS MIRACLE GRO CO	CL A	810186106	5,388	91,000	SH		DFND		0	91,000	0
SIGMA ALDRICH CORP	COM	826552101	13,364	95,900	SH		DFND		0	95,900	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	1,479	10,100	SH		DFND		0	10,100	0
SILGAN HOLDINGS INC	COM	827048109	11,317	214,500	SH		DFND		0	214,500	0
SNAP ON INC	COM	833034101	10,081	63,300	SH		DFND		0	63,300	0
SOUTH JERSEY INDS INC	COM	838518108	5,535	223,800	SH		DFND		0	223,800	0
SOUTHWEST GAS CORP	COM	844895102	2,373	44,600	SH		DFND		0	44,600	0
STARBUCKS CORP	COM	855244109	16,084	300,000	SH		DFND		0	300,000	0
STARWOOD HOTELS&RESORTS WRLD	COM	85590A401	5,028	62,000	SH		DFND		0	62,000	0
STERICYCLE INC	COM	858912108	17,301	129,200	SH		DFND		0	129,200	0
STERIS CORP	COM	859152100	1,418	22,000	SH		DFND		0	22,000	0
STIFEL FINL CORP	COM	860630102	7,223	125,100	SH		DFND		0	125,100	0
SYNAPTICS INC	COM	87157D109	3,799	43,800	SH		DFND		0	43,800	0
SYNNEX CORP	COM	87162W100	3,894	53,200	SH		DFND		0	53,200	0
SYNTEL INC	COM	87162H103	1,007	21,200	SH		DFND		0	21,200	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	285	9,000	SH		DFND		0	9,000	0
TELEDYNE TECHNOLOGIES INC	COM	879360105	19,372	183,600	SH		DFND		0	183,600	0
TESLA MTRS INC	COM	88160R101	4,292	16,000	SH		DFND		0	16,000	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	2,614	44,237	SH		DFND		0	44,237	0
TEXAS ROADHOUSE INC	COM	882681109	3,182	85,000	SH		DFND		0	85,000	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	4,970	38,300	SH		DFND		0	38,300	0
TIFFANY & CO NEW	COM	886547108	4,360	47,500	SH		DFND		0	47,500	0
TJX COS INC NEW	COM	872540109	24,284	367,000	SH		DFND		0	367,000	0
TOLL BROTHERS INC	COM	889478103	3,246	85,000	SH		DFND		0	85,000	0
TORO CO	COM	891092108	20,978	309,500	SH		DFND		0	309,500	0
TOWERS WATSON & CO	CL A	891894107	742	5,900	SH		DFND		0	5,900	0
TRANSCANADA CORP	COM	89353D107	1,056	26,000	SH		DFND		0	26,000	0
TRIMBLE NAVIGATION LTD	COM	896239100	1,426	60,800	SH		DFND		0	60,800	0
TYLER TECHNOLOGIES INC	COM	902252105	9,504	73,458	SH		DFND		0	73,458	0
ULTIMATE SOFTWARE GROUP INC	COM	90385D107	17,716	107,800	SH		DFND		0	107,800	0
UNION PAC CORP	COM	907818108	12,150	127,400	SH		DFND		0	127,400	0
UNITED TECHNOLOGIES CORP	COM	913017109	12,546	113,100	SH		DFND		0	113,100	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	1,137	8,000	SH		DFND		0	8,000	0
URBAN OUTFITTERS INC	COM	917047102	3,150	90,000	SH		DFND		0	90,000	0
V F CORP	COM	918204108	3,961	56,800	SH		DFND		0	56,800	0
VAIL RESORTS INC	COM	91879Q109	6,115	56,000	SH		DFND		0	56,000	0
VALMONT INDS INC	COM	920253101	2,568	21,600	SH		DFND		0	21,600	0
VALSPAR CORP	COM	920355104	13,451	164,400	SH		DFND		0	164,400	0
VCA INC	COM	918194101	3,166	58,200	SH		DFND		0	58,200	0
VERIZON COMMUNICATIONS INC	COM	92343V104	3,496	75,000	SH		DFND		0	75,000	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	3,210	26,000	SH		DFND		0	26,000	0
VISA INC	COM CL A	92826C839	10,207	152,000	SH		DFND		0	152,000	0
VISTA OUTDOOR INC	COM	928377100	871	19,400	SH		DFND		0	19,400	0
VOYA GLBL EQTY DIV & PREM OP	COM	92912T100	94	11,532	SH		DFND		0	11,532	0
WABTEC CORP	COM	929740108	12,628	134,000	SH		DFND		0	134,000	0
WASTE CONNECTIONS INC	COM	941053100	22,724	482,250	SH		DFND		0	482,250	0
WELLS FARGO & CO NEW	COM	949746101	5,748	102,200	SH		DFND		0	102,200	0
WELLS FARGO ADV GLB DIV OPP	COM	94987C103	73	10,495	SH		DFND		0	10,495	0
WEX INC	COM	96208T104	14,771	129,600	SH		DFND		0	129,600	0
WHOLE FOODS MKT INC	COM	966837106	3,155	80,000	SH		DFND		0	80,000	0
WILEY JOHN & SONS INC	CL A	968223206	381	7,000	SH		DFND		0	7,000	0
WOLVERINE WORLD WIDE INC	COM	978097103	8,222	288,700	SH		DFND		0	288,700	0
WOODWARD INC	COM	980745103	5,499	100,000	SH		DFND		0	100,000	0
YELP INC	CL A	985817105	1,936	45,000	SH		DFND		0	45,000	0