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
ALPHABET INC CL A COMMON STOCK	COM	02079K305	15,321	24,000	SH		DFND		0	24,000	0
ALPHABET INC CL C COMMON STOCK	COM	02079K107	2,434	4,000	SH		DFND		0	4,000	0
ABBVIE INC	COM	00287Y109	4,897	90,000	SH		DFND		0	90,000	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	11,182	113,800	SH		DFND		0	113,800	0
ACE LTD	SHS	H0023R105	1,861	18,000	SH		DFND		0	18,000	0
ACTIVISION BLIZZARD INC	COM	00507V109	13,900	450,000	SH		DFND		0	450,000	0
ACUITY BRANDS INC	COM	00508Y102	17,119	97,500	SH		DFND		0	97,500	0
ADVISORY BRD CO	COM	00762W107	2,359	51,800	SH		DFND		0	51,800	0
AFFILIATED MANAGERS GROUP	COM	008252108	11,371	66,500	SH		DFND		0	66,500	0
AIR METHODS CORP	COM PAR $.06	009128307	1,282	37,600	SH		DFND		0	37,600	0
AIR PRODS & CHEMS INC	COM	009158106	1,914	15,000	SH		DFND		0	15,000	0
AIRGAS INC	COM	009363102	6,986	78,200	SH		DFND		0	78,200	0
AKAMAI TECHNOLOGIES INC	COM	00971T101	2,486	36,000	SH		DFND		0	36,000	0
AKORN INC	COM	009728106	2,355	82,600	SH		DFND		0	82,600	0
ALEXION PHARMACEUTICALS INC	COM	015351109	12,042	77,000	SH		DFND		0	77,000	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	5,071	86,000	SH		DFND		0	86,000	0
ALLEGHANY CORP DEL	COM	017175100	3,136	6,700	SH		DFND		0	6,700	0
ALLERGAN PLC	SHS	G0177J108	13,521	49,745	SH		DFND		0	49,745	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	17,274	66,700	SH		DFND		0	66,700	0
ALLIED WRLD ASSUR COM HLDG A	SHS	H01531104	1,305	34,200	SH		DFND		0	34,200	0
ALPINE GLOBAL PREMIER PPTYS	COM SBI	02083A103	58	10,383	SH		DFND		0	10,383	0
AMAZON COM INC	COM	023135106	10,238	20,000	SH		DFND		0	20,000	0
AMERICAN AIRLS GROUP INC	COM	02376R102	2,563	66,000	SH		DFND		0	66,000	0
AMERICAN TOWER CORP NEW	COM	03027X100	11,429	129,900	SH		DFND		0	129,900	0
AMETEK INC NEW	COM	031100100	17,797	340,150	SH		DFND		0	340,150	0
AMGEN INC	COM	031162100	2,075	15,000	SH		DFND		0	15,000	0
AMPHENOL CORP NEW	CL A	032095101	13,143	257,900	SH		DFND		0	257,900	0
ANIXTER INTL INC	COM	035290105	2,155	37,300	SH		DFND		0	37,300	0
ANSYS INC	COM	03662Q105	17,216	195,326	SH		DFND		0	195,326	0
ANTHEM INC	COM	036752103	980	7,000	SH		DFND		0	7,000	0
APPLE INC	COM	037833100	18,663	169,200	SH		DFND		0	169,200	0
APPLIED INDL TECHNOLOGIES IN	COM	03820C105	702	18,400	SH		DFND		0	18,400	0
APTARGROUP INC	COM	038336103	8,931	135,400	SH		DFND		0	135,400	0
ARCH CAP GROUP LTD	ORD	G0450A105	9,522	129,600	SH		DFND		0	129,600	0
ASBURY AUTOMOTIVE GROUP INC	COM	043436104	2,727	33,600	SH		DFND		0	33,600	0
ASTRONICS CORP	COM	046433108	1,088	26,900	SH		DFND		0	26,900	0
ATWOOD OCEANICS INC	COM	050095108	714	48,200	SH		DFND		0	48,200	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	3,431	42,700	SH		DFND		0	42,700	0
AUTOZONE INC	COM	053332102	14,766	20,400	SH		DFND		0	20,400	0
AVAGO TECHNOLOGIES LTD	SHS	Y0486S104	4,750	38,000	SH		DFND		0	38,000	0
AZZ INC	COM	002474104	5,327	109,400	SH		DFND		0	109,400	0
BAIDU INC	SPON ADR REP A	056752108	4,672	34,000	SH		DFND		0	34,000	0
BALL CORP	COM	058498106	4,155	66,800	SH		DFND		0	66,800	0
BANK AMER CORP	COM	060505104	3,272	210,000	SH		DFND		0	210,000	0
BARD C R INC	COM	067383109	13,284	71,300	SH		DFND		0	71,300	0
BECTON DICKINSON & CO	COM	075887109	2,653	20,000	SH		DFND		0	20,000	0
BIG LOTS INC	COM	089302103	949	19,800	SH		DFND		0	19,800	0
BIO RAD LABS INC	CL A	090572207	376	2,800	SH		DFND		0	2,800	0
BIOGEN INC	COM	09062X103	12,256	42,000	SH		DFND		0	42,000	0
BIOMARIN PHARMACEUTICAL INC	COM	09061G101	6,425	61,000	SH		DFND		0	61,000	0
BLACKROCK INC	COM	09247X101	7,437	25,000	SH		DFND		0	25,000	0
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	4,782	151,000	SH		DFND		0	151,000	0
BLOOMIN BRANDS INC	COM	094235108	2,727	150,000	SH		DFND		0	150,000	0
BOEING CO	COM	097023105	2,488	19,000	SH		DFND		0	19,000	0
BOK FINL CORP	COM NEW	05561Q201	362	5,600	SH		DFND		0	5,600	0
BORGWARNER INC	COM	099724106	5,407	130,000	SH		DFND		0	130,000	0
BOSTON BEER INC	CL A	100557107	8,263	39,232	SH		DFND		0	39,232	0
BRF SA	SPONSORED ADR	10552T107	2,117	119,000	SH		DFND		0	119,000	0
BRINKER INTL INC	COM	109641100	8,554	162,400	SH		DFND		0	162,400	0
BRISTOL MYERS SQUIBB CO	COM	110122108	1,326	22,400	SH		DFND		0	22,400	0
BRITISH AMERN TOB PLC	SPONSORED ADR	110448107	2,620	23,800	SH		DFND		0	23,800	0
BROWN FORMAN CORP	CL B	115637209	2,258	23,300	SH		DFND		0	23,300	0
BUFFALO WILD WINGS INC	COM	119848109	9,807	50,700	SH		DFND		0	50,700	0
CANADIAN NATL RY CO	COM	136375102	11,273	198,600	SH		DFND		0	198,600	0
CANADIAN PAC RY LTD	COM	13645T100	1,522	10,600	SH		DFND		0	10,600	0
CARLISLE COS INC	COM	142339100	9,865	112,900	SH		DFND		0	112,900	0
CASEYS GEN STORES INC	COM	147528103	13,822	134,300	SH		DFND		0	134,300	0
CBRE CLARION GLOBAL REAL EST	COM	12504G100	74	10,061	SH		DFND		0	10,061	0
CELGENE CORP	COM	151020104	19,308	178,500	SH		DFND		0	178,500	0
CERNER CORP	COM	156782104	13,623	227,200	SH		DFND		0	227,200	0
CHEESECAKE FACTORY INC	COM	163072101	1,511	28,000	SH		DFND		0	28,000	0
CHEMED CORP NEW	COM	16359R103	1,655	12,400	SH		DFND		0	12,400	0
CHICAGO BRIDGE & IRON CO N V	COM	167250109	1,388	35,000	SH		DFND		0	35,000	0
CHURCH & DWIGHT INC	COM	171340102	18,877	225,000	SH		DFND		0	225,000	0
CISCO SYS INC	COM	17275R102	3,544	135,000	SH		DFND		0	135,000	0
CLARCOR INC	COM	179895107	15,887	333,200	SH		DFND		0	333,200	0
CLECO CORP NEW	COM	12561W105	1,831	34,400	SH		DFND		0	34,400	0
CNOOC LTD	SPONSORED ADR	126132109	268	2,600	SH		DFND		0	2,600	0
COCA COLA FEMSA S A B DE C V	SPON ADR REP L	191241108	1,388	20,000	SH		DFND		0	20,000	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	13,624	217,600	SH		DFND		0	217,600	0
COMCAST CORP NEW	CL A SPL	20030N200	2,461	43,000	SH		DFND		0	43,000	0
COMMERCE BANCSHARES INC	COM	200525103	332	7,286	SH		DFND		0	7,286	0
COMPASS MINERALS INTL INC	COM	20451N101	212	2,700	SH		DFND		0	2,700	0
CONSTELLATION BRANDS INC	CL A	21036P108	5,760	46,000	SH		DFND		0	46,000	0
COPART INC	COM	217204106	1,086	33,000	SH		DFND		0	33,000	0
CORE LABORATORIES N V	COM	N22717107	1,866	18,700	SH		DFND		0	18,700	0
COSTAR GROUP INC	COM	22160N109	2,682	15,500	SH		DFND		0	15,500	0
COSTCO WHSL CORP NEW	COM	22160K105	9,252	64,000	SH		DFND		0	64,000	0
CREDIT ACCEP CORP MICH	COM	225310101	217	1,100	SH		DFND		0	1,100	0
CROWN HOLDINGS INC	COM	228368106	8,349	182,500	SH		DFND		0	182,500	0
CVS HEALTH CORP	COM	126650100	12,349	128,000	SH		DFND		0	128,000	0
CYTEC INDS INC	COM	232820100	5,583	75,600	SH		DFND		0	75,600	0
DANAHER CORP DEL	COM	235851102	15,934	187,000	SH		DFND		0	187,000	0
DELTA AIR LINES INC DEL	COM NEW	247361702	7,224	161,000	SH		DFND		0	161,000	0
DENTSPLY INTL INC NEW	COM	249030107	3,889	76,900	SH		DFND		0	76,900	0
DISCOVER FINL SVCS	COM	254709108	2,599	50,000	SH		DFND		0	50,000	0
DISNEY WALT CO	COM DISNEY	254687106	2,494	24,400	SH		DFND		0	24,400	0
DOMINOS PIZZA INC	COM	25754A201	9,410	87,200	SH		DFND		0	87,200	0
DRIL-QUIP INC	COM	262037104	466	8,000	SH		DFND		0	8,000	0
DSW INC	CL A	23334L102	861	34,000	SH		DFND		0	34,000	0
EATON VANCE RISK MNGD DIV EQ	COM	27829G106	124	12,910	SH		DFND		0	12,910	0
EATON VANCE TX MGD DIV EQ IN	COM	27828N102	120	11,677	SH		DFND		0	11,677	0
ECOLAB INC	COM	278865100	16,436	149,800	SH		DFND		0	149,800	0
EDGEWELL PERS CARE CO	COM	28035Q102	4,790	58,700	SH		DFND		0	58,700	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	8,104	57,000	SH		DFND		0	57,000	0
EL PASO ELEC CO	COM NEW	283677854	1,392	37,800	SH		DFND		0	37,800	0
ENBRIDGE INC	COM	29250N105	3,115	83,900	SH		DFND		0	83,900	0
ENERGIZER HLDGS INC NEW	COM	29272W109	2,272	58,700	SH		DFND		0	58,700	0
ENERSYS	COM	29275Y102	5,985	111,700	SH		DFND		0	111,700	0
ENPRO INDS INC	COM	29355X107	2,562	65,400	SH		DFND		0	65,400	0
ENSTAR GROUP LIMITED	SHS	G3075P101	585	3,900	SH		DFND		0	3,900	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	1,046	42,000	SH		DFND		0	42,000	0
EQT CORP	COM	26884L109	10,005	154,473	SH		DFND		0	154,473	0
EQUIFAX INC	COM	294429105	3,450	35,500	SH		DFND		0	35,500	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	4,006	68,400	SH		DFND		0	68,400	0
EQUITY ONE	COM	294752100	820	33,700	SH		DFND		0	33,700	0
ESSEX PPTY TR INC	COM	297178105	3,162	14,153	SH		DFND		0	14,153	0
ESTERLINE TECHNOLOGIES CORP	COM	297425100	6,801	94,600	SH		DFND		0	94,600	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	9,403	116,140	SH		DFND		0	116,140	0
EXXON MOBIL CORP	COM	30231G102	2,230	30,000	SH		DFND		0	30,000	0
F M C CORP	COM NEW	302491303	4,530	133,600	SH		DFND		0	133,600	0
FACEBOOK INC	CL A	30303M102	20,317	226,000	SH		DFND		0	226,000	0
FIRST FINL BANKSHARES	COM	32020R109	2,248	70,748	SH		DFND		0	70,748	0
FISERV INC	COM	337738108	16,369	189,000	SH		DFND		0	189,000	0
FLOWERS FOODS INC	COM	343498101	14,815	598,837	SH		DFND		0	598,837	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	2,267	25,400	SH		DFND		0	25,400	0
FRANKLIN ELEC INC	COM	353514102	1,223	44,900	SH		DFND		0	44,900	0
GABELLI EQUITY TR INC	COM	362397101	123	23,595	SH		DFND		0	23,595	0
GAMCO GLOBAL GOLD NAT RES &	COM SH BEN INT	36465A109	78	15,572	SH		DFND		0	15,572	0
GENERAL DYNAMICS CORP	COM	369550108	9,394	68,100	SH		DFND		0	68,100	0
GENERAL ELECTRIC CO	COM	369604103	3,026	120,000	SH		DFND		0	120,000	0
GENERAL MLS INC	COM	370334104	7,016	125,000	SH		DFND		0	125,000	0
GENESEE & WYO INC	CL A	371559105	2,050	34,700	SH		DFND		0	34,700	0
G-III APPAREL GROUP LTD	COM	36237H101	2,824	45,800	SH		DFND		0	45,800	0
GILEAD SCIENCES INC	COM	375558103	10,703	109,000	SH		DFND		0	109,000	0
GLOBAL PMTS INC	COM	37940X102	4,486	39,100	SH		DFND		0	39,100	0
GRAINGER W W INC	COM	384802104	1,118	5,200	SH		DFND		0	5,200	0
GRUBHUB INC	COM	400110102	1,947	80,000	SH		DFND		0	80,000	0
HANESBRANDS INC	COM	410345102	2,894	100,000	SH		DFND		0	100,000	0
HARLEY DAVIDSON INC	COM	412822108	7,411	135,000	SH		DFND		0	135,000	0
HARMAN INTL INDS INC	COM	413086109	2,688	28,000	SH		DFND		0	28,000	0
HDFC BANK LTD	ADR REPS 3 SHS	40415F101	4,612	75,500	SH		DFND		0	75,500	0
HEALTHCARE SVCS GRP INC	COM	421906108	4,324	128,300	SH		DFND		0	128,300	0
HEARTLAND PMT SYS INC	COM	42235N108	2,849	45,211	SH		DFND		0	45,211	0
HEICO CORP NEW	COM	422806109	11,075	226,567	SH		DFND		0	226,567	0
HOME DEPOT INC	COM	437076102	4,735	41,000	SH		DFND		0	41,000	0
HOMEAWAY INC	COM	43739Q100	4,246	160,000	SH		DFND		0	160,000	0
HORMEL FOODS CORP	COM	440452100	15,296	241,600	SH		DFND		0	241,600	0
HORNBECK OFFSHORE SVCS INC N	COM	440543106	896	66,200	SH		DFND		0	66,200	0
HUNT J B TRANS SVCS INC	COM	445658107	4,041	56,600	SH		DFND		0	56,600	0
IAC INTERACTIVECORP	COM PAR $.001	44919P508	3,786	58,000	SH		DFND		0	58,000	0
IDEX CORP	COM	45167R104	5,843	81,950	SH		DFND		0	81,950	0
IDEXX LABS INC	COM	45168D104	17,122	230,600	SH		DFND		0	230,600	0
IHS INC	CL A	451734107	6,264	54,000	SH		DFND		0	54,000	0
ILLUMINA INC	COM	452327109	9,828	55,900	SH		DFND		0	55,900	0
INGREDION INC	COM	457187102	1,729	19,800	SH		DFND		0	19,800	0
INTERCEPT PHARMACEUTICALS IN	COM	45845P108	4,478	27,000	SH		DFND		0	27,000	0
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	564	2,400	SH		DFND		0	2,400	0
INTUIT	COM	461202103	3,887	43,800	SH		DFND		0	43,800	0
ITC HLDGS CORP	COM	465685105	4,127	123,800	SH		DFND		0	123,800	0
ITT CORP NEW	COM NEW	450911201	5,138	153,700	SH		DFND		0	153,700	0
J & J SNACK FOODS CORP	COM	466032109	5,831	51,300	SH		DFND		0	51,300	0
J2 GLOBAL INC	COM	48123V102	5,696	80,400	SH		DFND		0	80,400	0
JPMORGAN CHASE & CO	COM	46625H100	12,133	199,000	SH		DFND		0	199,000	0
KANSAS CITY SOUTHERN	COM NEW	485170302	8,152	89,700	SH		DFND		0	89,700	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	1,037	62,800	SH		DFND		0	62,800	0
KIRBY CORP	COM	497266106	8,840	142,700	SH		DFND		0	142,700	0
LAMAR ADVERTISING CO NEW	CL A	512816109	2,661	51,000	SH		DFND		0	51,000	0
LANDSTAR SYS INC	COM	515098101	2,145	33,800	SH		DFND		0	33,800	0
LAUDER ESTEE COS INC	CL A	518439104	7,261	90,000	SH		DFND		0	90,000	0
LENDINGTREE INC NEW	COM	52603B107	1,665	17,900	SH		DFND		0	17,900	0
LENNOX INTL INC	COM	526107107	9,157	80,800	SH		DFND		0	80,800	0
LIBERTY ALL STAR EQUITY FD	SH BEN INT	530158104	129	25,445	SH		DFND		0	25,445	0
LINCOLN ELEC HLDGS INC	COM	533900106	6,711	128,000	SH		DFND		0	128,000	0
LIONS GATE ENTMNT CORP	COM NEW	535919203	5,152	140,000	SH		DFND		0	140,000	0
LKQ CORP	COM	501889208	8,854	312,200	SH		DFND		0	312,200	0
LUXOTTICA GROUP S P A	SPONSORED ADR	55068R202	624	9,000	SH		DFND		0	9,000	0
M & T BK CORP	COM	55261F104	3,927	32,200	SH		DFND		0	32,200	0
MACYS INC	COM	55616P104	3,284	64,000	SH		DFND		0	64,000	0
MANHATTAN ASSOCS INC	COM	562750109	1,819	29,200	SH		DFND		0	29,200	0
MASTERCARD INC	CL A	57636Q104	11,761	130,500	SH		DFND		0	130,500	0
MAXIMUS INC	COM	577933104	596	10,000	SH		DFND		0	10,000	0
MCCORMICK & CO INC	COM NON VTG	579780206	1,101	13,400	SH		DFND		0	13,400	0
MCKESSON CORP	COM	58155Q103	10,473	56,600	SH		DFND		0	56,600	0
MEAD JOHNSON NUTRITION CO	COM	582839106	3,520	50,000	SH		DFND		0	50,000	0
MEDIDATA SOLUTIONS INC	COM	58471A105	2,737	65,000	SH		DFND		0	65,000	0
MEDIVATION INC	COM	58501N101	11,305	266,000	SH		DFND		0	266,000	0
MEDNAX INC	COM	58502B106	15,865	206,600	SH		DFND		0	206,600	0
MEDTRONIC PLC	SHS	G5960L103	5,020	75,000	SH		DFND		0	75,000	0
METTLER TOLEDO INTERNATIONAL	COM	592688105	16,116	56,600	SH		DFND		0	56,600	0
MICHAEL KORS HLDGS LTD	SHS	G60754101	4,013	95,000	SH		DFND		0	95,000	0
MICRON TECHNOLOGY INC	COM	595112103	4,269	285,000	SH		DFND		0	285,000	0
MIDDLEBY CORP	COM	596278101	14,327	136,200	SH		DFND		0	136,200	0
MOBILEYE N V AMSTELVEEN	ORD SHS	N51488117	2,274	50,000	SH		DFND		0	50,000	0
MONRO MUFFLER BRAKE INC	COM	610236101	3,411	50,500	SH		DFND		0	50,500	0
MONSANTO CO NEW	COM	61166W101	2,560	30,000	SH		DFND		0	30,000	0
MONSTER BEVERAGE CORP NEW	COM	61174X109	5,270	39,000	SH		DFND		0	39,000	0
NETFLIX INC	COM	64110L106	8,261	80,000	SH		DFND		0	80,000	0
NETSCOUT SYS INC	COM	64115T104	548	15,500	SH		DFND		0	15,500	0
NEW JERSEY RES	COM	646025106	1,658	55,200	SH		DFND		0	55,200	0
NEWMARKET CORP	COM	651587107	6,462	18,100	SH		DFND		0	18,100	0
NIELSEN HLDGS PLC	SHS EUR	G6518L108	2,579	58,000	SH		DFND		0	58,000	0
NIKE INC	CL B	654106103	5,534	45,000	SH		DFND		0	45,000	0
NOBLE ENERGY INC	COM	655044105	3,302	109,400	SH		DFND		0	109,400	0
NORDSON CORP	COM	655663102	2,417	38,400	SH		DFND		0	38,400	0
NORTHROP GRUMMAN CORP	COM	666807102	2,058	12,400	SH		DFND		0	12,400	0
NORTHWEST NAT GAS CO	COM	667655104	1,091	23,800	SH		DFND		0	23,800	0
NORTHWESTERN CORP	COM NEW	668074305	840	15,600	SH		DFND		0	15,600	0
NOVO-NORDISK A S	ADR	670100205	9,085	167,500	SH		DFND		0	167,500	0
NUVEEN DOW 30 DYN OVERWRITE	SHS	67075F105	138	10,252	SH		DFND		0	10,252	0
O REILLY AUTOMOTIVE INC NEW	COM	67103H107	15,825	63,300	SH		DFND		0	63,300	0
OCEANEERING INTL INC	COM	675232102	644	16,400	SH		DFND		0	16,400	0
ONEOK INC NEW	COM	682680103	1,996	62,000	SH		DFND		0	62,000	0
OPEN TEXT CORP	COM	683715106	3,334	74,500	SH		DFND		0	74,500	0
OPKO HEALTH INC	COM	68375N103	418	49,675	SH		DFND		0	49,675	0
OSHKOSH CORP	COM	688239201	1,744	48,000	SH		DFND		0	48,000	0
OXFORD INDS INC	COM	691497309	1,507	20,400	SH		DFND		0	20,400	0
PACKAGING CORP AMER	COM	695156109	1,636	27,200	SH		DFND		0	27,200	0
PANDORA MEDIA INC	COM	698354107	2,134	100,000	SH		DFND		0	100,000	0
PAREXEL INTL CORP	COM	699462107	3,068	49,550	SH		DFND		0	49,550	0
PARKER HANNIFIN CORP	COM	701094104	1,440	14,800	SH		DFND		0	14,800	0
PAYPAL HLDGS INC	COM	70450Y103	6,363	205,000	SH		DFND		0	205,000	0
PEPSICO INC	COM	713448108	5,564	59,000	SH		DFND		0	59,000	0
PERRIGO CO PLC	SHS	G97822103	1,887	12,000	SH		DFND		0	12,000	0
PFIZER INC	COM	717081103	2,513	80,000	SH		DFND		0	80,000	0
PIEDMONT NAT GAS INC	COM	720186105	2,340	58,400	SH		DFND		0	58,400	0
PIONEER NAT RES CO	COM	723787107	881	7,246	SH		DFND		0	7,246	0
POOL CORPORATION	COM	73278L105	5,697	78,800	SH		DFND		0	78,800	0
PRA GROUP INC	COM	69354N106	5,610	106,000	SH		DFND		0	106,000	0
PRAXAIR INC	COM	74005P104	7,273	71,400	SH		DFND		0	71,400	0
PRICELINE GRP INC	COM NEW	741503403	8,905	7,200	SH		DFND		0	7,200	0
PROASSURANCE CORP	COM	74267C106	2,645	53,900	SH		DFND		0	53,900	0
PROSPERITY BANCSHARES INC	COM	743606105	2,632	53,600	SH		DFND		0	53,600	0
PRUDENTIAL FINL INC	COM	744320102	1,753	23,000	SH		DFND		0	23,000	0
QUESTAR CORP	COM	748356102	400	20,600	SH		DFND		0	20,600	0
RBC BEARINGS INC	COM	75524B104	2,670	44,700	SH		DFND		0	44,700	0
RENAISSANCERE HOLDINGS LTD	COM	G7496G103	3,041	28,600	SH		DFND		0	28,600	0
REPUBLIC SVCS INC	COM	760759100	3,605	87,500	SH		DFND		0	87,500	0
RESTORATION HARDWARE HLDGS I	COM	761283100	653	7,000	SH		DFND		0	7,000	0
REYNOLDS AMERICAN INC	COM	761713106	7,526	170,000	SH		DFND		0	170,000	0
RLI CORP	COM	749607107	7,141	133,400	SH		DFND		0	133,400	0
ROLLINS INC	COM	775711104	17,855	664,500	SH		DFND		0	664,500	0
ROPER TECHNOLOGIES INC	COM	776696106	17,832	113,800	SH		DFND		0	113,800	0
RUSH ENTERPRISES INC	CL A	781846209	2,621	108,300	SH		DFND		0	108,300	0
RYANAIR HLDGS PLC	SPONSORED ADR	783513104	470	6,000	SH		DFND		0	6,000	0
SALESFORCE COM INC	COM	79466L302	13,053	188,000	SH		DFND		0	188,000	0
SBA COMMUNICATIONS CORP	COM	78388J106	10,725	102,400	SH		DFND		0	102,400	0
SCHEIN HENRY INC	COM	806407102	17,001	128,100	SH		DFND		0	128,100	0
SCHLUMBERGER LTD	COM	806857108	2,152	31,200	SH		DFND		0	31,200	0
SCHWAB CHARLES CORP NEW	COM	808513105	8,254	289,000	SH		DFND		0	289,000	0
SCOTTS MIRACLE GRO CO	CL A	810186106	5,535	91,000	SH		DFND		0	91,000	0
SIGMA ALDRICH CORP	COM	826552101	10,711	77,100	SH		DFND		0	77,100	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	1,389	10,100	SH		DFND		0	10,100	0
SILGAN HOLDINGS INC	COM	827048109	11,163	214,500	SH		DFND		0	214,500	0
SNAP ON INC	COM	833034101	9,555	63,300	SH		DFND		0	63,300	0
SOUTH JERSEY INDS INC	COM	838518108	5,414	214,400	SH		DFND		0	214,400	0
SOUTHWEST GAS CORP	COM	844895102	2,426	41,600	SH		DFND		0	41,600	0
STAMPS COM INC	COM NEW	852857200	1,066	14,400	SH		DFND		0	14,400	0
STARBUCKS CORP	COM	855244109	16,256	286,000	SH		DFND		0	286,000	0
STARWOOD HOTELS&RESORTS WRLD	COM	85590A401	4,654	70,000	SH		DFND		0	70,000	0
STERICYCLE INC	COM	858912108	18,138	130,200	SH		DFND		0	130,200	0
STERIS CORP	COM	859152100	1,429	22,000	SH		DFND		0	22,000	0
STIFEL FINL CORP	COM	860630102	5,267	125,100	SH		DFND		0	125,100	0
SYNAPTICS INC	COM	87157D109	3,612	43,800	SH		DFND		0	43,800	0
SYNNEX CORP	COM	87162W100	4,525	53,200	SH		DFND		0	53,200	0
SYNTEL INC	COM	87162H103	961	21,200	SH		DFND		0	21,200	0
TELEDYNE TECHNOLOGIES INC	COM	879360105	17,256	191,100	SH		DFND		0	191,100	0
TESLA MTRS INC	COM	88160R101	3,726	15,000	SH		DFND		0	15,000	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	2,441	43,237	SH		DFND		0	43,237	0
TEXAS ROADHOUSE INC	COM	882681109	2,530	68,000	SH		DFND		0	68,000	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	4,683	38,300	SH		DFND		0	38,300	0
TIFFANY & CO NEW	COM	886547108	3,089	40,000	SH		DFND		0	40,000	0
TJX COS INC NEW	COM	872540109	25,640	359,000	SH		DFND		0	359,000	0
TOLL BROTHERS INC	COM	889478103	2,705	79,000	SH		DFND		0	79,000	0
TORCHMARK CORP	COM	891027104	417	7,400	SH		DFND		0	7,400	0
TORO CO	COM	891092108	22,255	315,500	SH		DFND		0	315,500	0
TRANSCANADA CORP	COM	89353D107	821	26,000	SH		DFND		0	26,000	0
TRIMBLE NAVIGATION LTD	COM	896239100	998	60,800	SH		DFND		0	60,800	0
TYLER TECHNOLOGIES INC	COM	902252105	11,715	78,458	SH		DFND		0	78,458	0
U S CONCRETE INC	COM NEW	90333L201	507	10,600	SH		DFND		0	10,600	0
ULTIMATE SOFTWARE GROUP INC	COM	90385D107	19,297	107,800	SH		DFND		0	107,800	0
UNDER ARMOUR INC	CL A	904311107	290	3,000	SH		DFND		0	3,000	0
UNION PAC CORP	COM	907818108	9,018	102,000	SH		DFND		0	102,000	0
UNITED TECHNOLOGIES CORP	COM	913017109	5,348	60,100	SH		DFND		0	60,100	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	998	8,000	SH		DFND		0	8,000	0
URBAN OUTFITTERS INC	COM	917047102	2,644	90,000	SH		DFND		0	90,000	0
V F CORP	COM	918204108	7,203	105,600	SH		DFND		0	105,600	0
VAIL RESORTS INC	COM	91879Q109	5,129	49,000	SH		DFND		0	49,000	0
VALMONT INDS INC	COM	920253101	2,050	21,600	SH		DFND		0	21,600	0
VALSPAR CORP	COM	920355104	11,817	164,400	SH		DFND		0	164,400	0
VCA INC	COM	918194101	3,064	58,200	SH		DFND		0	58,200	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	12,705	122,000	SH		DFND		0	122,000	0
VISA INC	COM CL A	92826C839	12,330	177,000	SH		DFND		0	177,000	0
VISTA OUTDOOR INC	COM	928377100	862	19,400	SH		DFND		0	19,400	0
VOYA GLBL EQTY DIV & PREM OP	COM	92912T100	85	12,182	SH		DFND		0	12,182	0
WABTEC CORP	COM	929740108	12,177	138,300	SH		DFND		0	138,300	0
WASTE CONNECTIONS INC	COM	941053100	23,748	488,850	SH		DFND		0	488,850	0
WELLS FARGO & CO NEW	COM	949746101	5,443	106,000	SH		DFND		0	106,000	0
WELLS FARGO ADV GLB DIV OPP	COM	94987C103	74	12,458	SH		DFND		0	12,458	0
WELLTOWER INC	COM	95040Q104	1,720	25,400	SH		DFND		0	25,400	0
WEX INC	COM	96208T104	11,341	130,600	SH		DFND		0	130,600	0
WILEY JOHN & SONS INC	CL A	968223206	350	7,000	SH		DFND		0	7,000	0
WOLVERINE WORLD WIDE INC	COM	978097103	5,512	254,700	SH		DFND		0	254,700	0
WOODWARD INC	COM	980745103	4,151	102,000	SH		DFND		0	102,000	0
YELP INC	CL A	985817105	975	45,000	SH		DFND		0	45,000	0