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	2,429	41,000	SH		DFND		0	41,000	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	12,519	119,800	SH		DFND		0	119,800	0
ACE LTD	SHS	H0023R105	2,103	18,000	SH		DFND		0	18,000	0
ACTIVISION BLIZZARD INC	COM	00507V109	16,336	422,000	SH		DFND		0	422,000	0
ACUITY BRANDS INC	COM	00508Y102	22,795	97,500	SH		DFND		0	97,500	0
ADVISORY BRD CO	COM	00762W107	3,086	62,200	SH		DFND		0	62,200	0
AFFILIATED MANAGERS GROUP	COM	008252108	6,039	37,800	SH		DFND		0	37,800	0
AIR METHODS CORP	COM PAR $.06	009128307	1,753	41,800	SH		DFND		0	41,800	0
AIR PRODS & CHEMS INC	COM	009158106	1,952	15,000	SH		DFND		0	15,000	0
AIRGAS INC	COM	009363102	10,817	78,200	SH		DFND		0	78,200	0
AKAMAI TECHNOLOGIES INC	COM	00971T101	6,842	130,000	SH		DFND		0	130,000	0
AKORN INC	COM	009728106	3,082	82,600	SH		DFND		0	82,600	0
ALEXION PHARMACEUTICALS INC	COM	015351109	14,688	77,000	SH		DFND		0	77,000	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	6,583	81,000	SH		DFND		0	81,000	0
ALLEGHANY CORP DEL	COM	017175100	3,202	6,700	SH		DFND		0	6,700	0
ALLERGAN PLC	SHS	G0177J108	24,545	78,545	SH		DFND		0	78,545	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	18,447	66,700	SH		DFND		0	66,700	0
ALLIED WRLD ASSUR COM HLDG A	SHS	H01531104	1,272	34,200	SH		DFND		0	34,200	0
ALPHABET INC	CAP STK CL C	02079K107	3,036	4,000	SH		DFND		0	4,000	0
ALPHABET INC	CAP STK CL A	02079K305	18,517	23,800	SH		DFND		0	23,800	0
AMAZON COM INC	COM	023135106	13,518	20,000	SH		DFND		0	20,000	0
AMERICAN AIRLS GROUP INC	COM	02376R102	2,033	48,000	SH		DFND		0	48,000	0
AMERICAN TOWER CORP NEW	COM	03027X100	11,043	113,900	SH		DFND		0	113,900	0
AMETEK INC NEW	COM	031100100	18,229	340,150	SH		DFND		0	340,150	0
AMPHENOL CORP NEW	CL A	032095101	14,577	279,100	SH		DFND		0	279,100	0
ANIXTER INTL INC	COM	035290105	2,253	37,300	SH		DFND		0	37,300	0
ANSYS INC	COM	03662Q105	18,068	195,326	SH		DFND		0	195,326	0
ANTHEM INC	COM	036752103	976	7,000	SH		DFND		0	7,000	0
APPLE INC	COM	037833100	18,863	179,200	SH		DFND		0	179,200	0
APPLIED INDL TECHNOLOGIES IN	COM	03820C105	745	18,400	SH		DFND		0	18,400	0
APTARGROUP INC	COM	038336103	9,837	135,400	SH		DFND		0	135,400	0
ARCH CAP GROUP LTD	ORD	G0450A105	11,000	157,700	SH		DFND		0	157,700	0
ASBURY AUTOMOTIVE GROUP INC	COM	043436104	2,266	33,600	SH		DFND		0	33,600	0
ASTRONICS CORP	COM	046433108	1,095	26,900	SH		DFND		0	26,900	0
ATWOOD OCEANICS INC	COM	050095108	493	48,200	SH		DFND		0	48,200	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	3,618	42,700	SH		DFND		0	42,700	0
AUTOZONE INC	COM	053332102	16,916	22,800	SH		DFND		0	22,800	0
AVAGO TECHNOLOGIES LTD	SHS	Y0486S104	4,645	32,000	SH		DFND		0	32,000	0
AZZ INC	COM	002474104	6,602	118,800	SH		DFND		0	118,800	0
BAIDU INC	SPON ADR REP A	056752108	5,482	29,000	SH		DFND		0	29,000	0
BALL CORP	COM	058498106	5,367	73,800	SH		DFND		0	73,800	0
BANK AMER CORP	COM	060505104	4,292	255,000	SH		DFND		0	255,000	0
BARD C R INC	COM	067383109	13,697	72,300	SH		DFND		0	72,300	0
BECTON DICKINSON & CO	COM	075887109	3,082	20,000	SH		DFND		0	20,000	0
BIG LOTS INC	COM	089302103	763	19,800	SH		DFND		0	19,800	0
BIO RAD LABS INC	CL A	090572207	388	2,800	SH		DFND		0	2,800	0
BIOGEN INC	COM	09062X103	12,560	41,000	SH		DFND		0	41,000	0
BIOMARIN PHARMACEUTICAL INC	COM	09061G101	4,819	46,000	SH		DFND		0	46,000	0
BLACKROCK ENHANCED EQT DIV T	COM	09251A104	97	12,700	SH		DFND		0	12,700	0
BLACKROCK INC	COM	09247X101	7,662	22,500	SH		DFND		0	22,500	0
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	8,860	303,000	SH		DFND		0	303,000	0
BOEING CO	COM	097023105	1,880	13,000	SH		DFND		0	13,000	0
BOK FINL CORP	COM NEW	05561Q201	335	5,600	SH		DFND		0	5,600	0
BORGWARNER INC	COM	099724106	1,478	34,200	SH		DFND		0	34,200	0
BOSTON BEER INC	CL A	100557107	7,820	38,732	SH		DFND		0	38,732	0
BRF SA	SPONSORED ADR	10552T107	1,271	92,000	SH		DFND		0	92,000	0
BRINKER INTL INC	COM	109641100	6,560	136,800	SH		DFND		0	136,800	0
BRITISH AMERN TOB PLC	SPONSORED ADR	110448107	2,629	23,800	SH		DFND		0	23,800	0
BROWN FORMAN CORP	CL B	115637209	2,313	23,300	SH		DFND		0	23,300	0
BUFFALO WILD WINGS INC	COM	119848109	8,206	51,400	SH		DFND		0	51,400	0
CANADIAN NATL RY CO	COM	136375102	11,098	198,600	SH		DFND		0	198,600	0
CANADIAN PAC RY LTD	COM	13645T100	1,353	10,600	SH		DFND		0	10,600	0
CARLISLE COS INC	COM	142339100	8,204	92,500	SH		DFND		0	92,500	0
CASEYS GEN STORES INC	COM	147528103	16,297	135,300	SH		DFND		0	135,300	0
CELGENE CORP	COM	151020104	21,916	183,000	SH		DFND		0	183,000	0
CERNER CORP	COM	156782104	14,032	233,200	SH		DFND		0	233,200	0
CHEESECAKE FACTORY INC	COM	163072101	1,485	32,200	SH		DFND		0	32,200	0
CHEMED CORP NEW	COM	16359R103	3,326	22,200	SH		DFND		0	22,200	0
CHURCH & DWIGHT INC	COM	171340102	19,098	225,000	SH		DFND		0	225,000	0
CISCO SYS INC	COM	17275R102	2,444	90,000	SH		DFND		0	90,000	0
CLARCOR INC	COM	179895107	14,099	283,800	SH		DFND		0	283,800	0
CLECO CORP NEW	COM	12561W105	1,796	34,400	SH		DFND		0	34,400	0
CNOOC LTD	SPONSORED ADR	126132109	271	2,600	SH		DFND		0	2,600	0
COCA COLA FEMSA S A B DE C V	SPON ADR REP L	191241108	1,416	20,000	SH		DFND		0	20,000	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	13,300	221,600	SH		DFND		0	221,600	0
COMCAST CORP NEW	CL A	20030N101	2,144	38,000	SH		DFND		0	38,000	0
COMMERCE BANCSHARES INC	COM	200525103	325	7,650	SH		DFND		0	7,650	0
COMPASS MINERALS INTL INC	COM	20451N101	203	2,700	SH		DFND		0	2,700	0
CONSTELLATION BRANDS INC	CL A	21036P108	6,267	44,000	SH		DFND		0	44,000	0
CORE LABORATORIES N V	COM	N22717107	2,033	18,700	SH		DFND		0	18,700	0
CORE MARK HOLDING CO INC	COM	218681104	2,147	26,200	SH		DFND		0	26,200	0
COSTAR GROUP INC	COM	22160N109	2,894	14,000	SH		DFND		0	14,000	0
COSTCO WHSL CORP NEW	COM	22160K105	10,336	64,000	SH		DFND		0	64,000	0
CREDIT ACCEP CORP MICH	COM	225310101	235	1,100	SH		DFND		0	1,100	0
CROWN HOLDINGS INC	COM	228368106	7,711	152,100	SH		DFND		0	152,100	0
CVS HEALTH CORP	COM	126650100	11,439	117,000	SH		DFND		0	117,000	0
DANAHER CORP DEL	COM	235851102	17,369	187,000	SH		DFND		0	187,000	0
DAVE & BUSTERS ENTMT INC	COM	238337109	1,695	40,600	SH		DFND		0	40,600	0
DELTA AIR LINES INC DEL	COM NEW	247361702	8,110	160,000	SH		DFND		0	160,000	0
DENTSPLY INTL INC NEW	COM	249030107	4,679	76,900	SH		DFND		0	76,900	0
DEXCOM INC	COM	252131107	1,106	13,500	SH		DFND		0	13,500	0
DISCOVER FINL SVCS	COM	254709108	1,930	36,000	SH		DFND		0	36,000	0
DISNEY WALT CO	COM DISNEY	254687106	2,522	24,000	SH		DFND		0	24,000	0
DOLLAR TREE INC	COM	256746108	695	9,000	SH		DFND		0	9,000	0
DOMINOS PIZZA INC	COM	25754A201	9,701	87,200	SH		DFND		0	87,200	0
DRIL-QUIP INC	COM	262037104	474	8,000	SH		DFND		0	8,000	0
DSW INC	CL A	23334L102	811	34,000	SH		DFND		0	34,000	0
ECOLAB INC	COM	278865100	17,249	150,800	SH		DFND		0	150,800	0
EDGEWELL PERS CARE CO	COM	28035Q102	4,083	52,100	SH		DFND		0	52,100	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	8,609	109,000	SH		DFND		0	109,000	0
EL PASO ELEC CO	COM NEW	283677854	1,455	37,800	SH		DFND		0	37,800	0
ENBRIDGE INC	COM	29250N105	2,785	83,900	SH		DFND		0	83,900	0
ENERGIZER HLDGS INC NEW	COM	29272W109	1,863	54,700	SH		DFND		0	54,700	0
ENERSYS	COM	29275Y102	6,247	111,700	SH		DFND		0	111,700	0
ENPRO INDS INC	COM	29355X107	2,867	65,400	SH		DFND		0	65,400	0
ENSTAR GROUP LIMITED	SHS	G3075P101	585	3,900	SH		DFND		0	3,900	0
EQT CORP	COM	26884L109	8,053	154,473	SH		DFND		0	154,473	0
EQUIFAX INC	COM	294429105	3,954	35,500	SH		DFND		0	35,500	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	4,560	68,400	SH		DFND		0	68,400	0
EQUITY ONE	COM	294752100	915	33,700	SH		DFND		0	33,700	0
ESSEX PPTY TR INC	COM	297178105	3,388	14,153	SH		DFND		0	14,153	0
ESTERLINE TECHNOLOGIES CORP	COM	297425100	7,177	88,600	SH		DFND		0	88,600	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	10,152	116,140	SH		DFND		0	116,140	0
EXXON MOBIL CORP	COM	30231G102	1,949	25,000	SH		DFND		0	25,000	0
F M C CORP	COM NEW	302491303	5,228	133,600	SH		DFND		0	133,600	0
FACEBOOK INC	CL A	30303M102	21,351	204,000	SH		DFND		0	204,000	0
FIRST FINL BANKSHARES	COM	32020R109	2,557	84,748	SH		DFND		0	84,748	0
FISERV INC	COM	337738108	17,286	189,000	SH		DFND		0	189,000	0
FLOWERS FOODS INC	COM	343498101	12,186	567,037	SH		DFND		0	567,037	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	2,346	25,400	SH		DFND		0	25,400	0
FRANKLIN ELEC INC	COM	353514102	1,322	48,900	SH		DFND		0	48,900	0
GABELLI EQUITY TR INC	COM	362397101	101	19,100	SH		DFND		0	19,100	0
GAMCO GLOBAL GOLD NAT RES &	COM SH BEN INT	36465A109	52	11,000	SH		DFND		0	11,000	0
GENERAL DYNAMICS CORP	COM	369550108	9,354	68,100	SH		DFND		0	68,100	0
GENERAL ELECTRIC CO	COM	369604103	2,461	79,000	SH		DFND		0	79,000	0
GENERAL MLS INC	COM	370334104	7,207	125,000	SH		DFND		0	125,000	0
GENESEE & WYO INC	CL A	371559105	1,863	34,700	SH		DFND		0	34,700	0
G-III APPAREL GROUP LTD	COM	36237H101	2,355	53,200	SH		DFND		0	53,200	0
GILEAD SCIENCES INC	COM	375558103	11,131	110,000	SH		DFND		0	110,000	0
GLOBAL PMTS INC	COM	37940X102	5,045	78,200	SH		DFND		0	78,200	0
GRUBHUB INC	COM	400110102	1,936	80,000	SH		DFND		0	80,000	0
HANESBRANDS INC	COM	410345102	2,354	80,000	SH		DFND		0	80,000	0
HARMAN INTL INDS INC	COM	413086109	1,978	21,000	SH		DFND		0	21,000	0
HDFC BANK LTD	ADR REPS 3 SHS	40415F101	4,651	75,500	SH		DFND		0	75,500	0
HEALTHCARE SVCS GRP INC	COM	421906108	5,384	154,400	SH		DFND		0	154,400	0
HEARTLAND PMT SYS INC	COM	42235N108	5,491	57,911	SH		DFND		0	57,911	0
HEICO CORP NEW	COM	422806109	12,044	221,567	SH		DFND		0	221,567	0
HELEN OF TROY CORP LTD	COM	G4388N106	1,291	13,700	SH		DFND		0	13,700	0
HENRY JACK & ASSOC INC	COM	426281101	1,155	14,800	SH		DFND		0	14,800	0
HOME DEPOT INC	COM	437076102	4,100	31,000	SH		DFND		0	31,000	0
HORMEL FOODS CORP	COM	440452100	19,375	245,000	SH		DFND		0	245,000	0
HORNBECK OFFSHORE SVCS INC N	COM	440543106	658	66,200	SH		DFND		0	66,200	0
HUNT J B TRANS SVCS INC	COM	445658107	4,152	56,600	SH		DFND		0	56,600	0
IAC INTERACTIVECORP	COM PAR $.001	44919P508	2,402	40,000	SH		DFND		0	40,000	0
IDEX CORP	COM	45167R104	6,278	81,950	SH		DFND		0	81,950	0
IDEXX LABS INC	COM	45168D104	16,888	231,600	SH		DFND		0	231,600	0
IHS INC	CL A	451734107	6,395	54,000	SH		DFND		0	54,000	0
ILLUMINA INC	COM	452327109	7,851	40,900	SH		DFND		0	40,900	0
INGREDION INC	COM	457187102	2,377	24,800	SH		DFND		0	24,800	0
INTERCEPT PHARMACEUTICALS IN	COM	45845P108	4,331	29,000	SH		DFND		0	29,000	0
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	615	2,400	SH		DFND		0	2,400	0
INTUIT	COM	461202103	4,227	43,800	SH		DFND		0	43,800	0
ISHARES TR	RUS 2000 GRW ETF	464287648	6,273	45,000	SH		DFND		0	45,000	0
ISHARES TR	RUSSELL 2000 ETF	464287655	16,201	144,000	SH		DFND		0	144,000	0
ITC HLDGS CORP	COM	465685105	4,270	108,800	SH		DFND		0	108,800	0
ITT CORP NEW	COM NEW	450911201	4,972	136,900	SH		DFND		0	136,900	0
J & J SNACK FOODS CORP	COM	466032109	7,735	66,300	SH		DFND		0	66,300	0
J2 GLOBAL INC	COM	48123V102	6,989	84,900	SH		DFND		0	84,900	0
JPMORGAN CHASE & CO	COM	46625H100	8,056	122,000	SH		DFND		0	122,000	0
KANSAS CITY SOUTHERN	COM NEW	485170302	6,698	89,700	SH		DFND		0	89,700	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	1,419	62,800	SH		DFND		0	62,800	0
KIRBY CORP	COM	497266106	7,088	134,700	SH		DFND		0	134,700	0
LAMAR ADVERTISING CO NEW	CL A	512816109	2,279	38,000	SH		DFND		0	38,000	0
LANDSTAR SYS INC	COM	515098101	1,982	33,800	SH		DFND		0	33,800	0
LAUDER ESTEE COS INC	CL A	518439104	7,045	80,000	SH		DFND		0	80,000	0
LENDINGTREE INC NEW	COM	52603B107	2,411	27,000	SH		DFND		0	27,000	0
LENNOX INTL INC	COM	526107107	10,092	80,800	SH		DFND		0	80,800	0
LIBERTY ALL STAR EQUITY FD	SH BEN INT	530158104	107	19,925	SH		DFND		0	19,925	0
LINCOLN ELEC HLDGS INC	COM	533900106	5,922	114,119	SH		DFND		0	114,119	0
LIONS GATE ENTMNT CORP	COM NEW	535919203	3,887	120,000	SH		DFND		0	120,000	0
LKQ CORP	COM	501889208	9,250	312,200	SH		DFND		0	312,200	0
LUXOTTICA GROUP S P A	SPONSORED ADR	55068R202	584	9,000	SH		DFND		0	9,000	0
M & T BK CORP	COM	55261F104	3,902	32,200	SH		DFND		0	32,200	0
MACYS INC	COM	55616P104	3,323	95,000	SH		DFND		0	95,000	0
MANHATTAN ASSOCS INC	COM	562750109	1,932	29,200	SH		DFND		0	29,200	0
MASTERCARD INC	CL A	57636Q104	12,705	130,500	SH		DFND		0	130,500	0
MAXIMUS INC	COM	577933104	2,407	42,800	SH		DFND		0	42,800	0
MCCORMICK & CO INC	COM NON VTG	579780206	1,147	13,400	SH		DFND		0	13,400	0
MCKESSON CORP	COM	58155Q103	10,572	53,600	SH		DFND		0	53,600	0
MEAD JOHNSON NUTRITION CO	COM	582839106	2,368	30,000	SH		DFND		0	30,000	0
MEDIDATA SOLUTIONS INC	COM	58471A105	4,436	90,000	SH		DFND		0	90,000	0
MEDIVATION INC	COM	58501N101	14,164	293,000	SH		DFND		0	293,000	0
MEDNAX INC	COM	58502B106	14,805	206,600	SH		DFND		0	206,600	0
MEDTRONIC PLC	SHS	G5960L103	5,077	66,000	SH		DFND		0	66,000	0
METTLER TOLEDO INTERNATIONAL	COM	592688105	19,873	58,600	SH		DFND		0	58,600	0
MICHAEL KORS HLDGS LTD	SHS	G60754101	2,404	60,000	SH		DFND		0	60,000	0
MIDDLEBY CORP	COM	596278101	14,293	132,500	SH		DFND		0	132,500	0
MOBILEYE N V AMSTELVEEN	ORD SHS	N51488117	3,594	85,000	SH		DFND		0	85,000	0
MONRO MUFFLER BRAKE INC	COM	610236101	4,218	63,700	SH		DFND		0	63,700	0
MONSTER BEVERAGE CORP NEW	COM	61174X109	6,107	41,000	SH		DFND		0	41,000	0
NETFLIX INC	COM	64110L106	9,494	83,000	SH		DFND		0	83,000	0
NETSCOUT SYS INC	COM	64115T104	476	15,500	SH		DFND		0	15,500	0
NEW JERSEY RES	COM	646025106	1,819	55,200	SH		DFND		0	55,200	0
NEWMARKET CORP	COM	651587107	6,130	16,100	SH		DFND		0	16,100	0
NIKE INC	CL B	654106103	5,750	92,000	SH		DFND		0	92,000	0
NOBLE ENERGY INC	COM	655044105	3,603	109,400	SH		DFND		0	109,400	0
NORDSON CORP	COM	655663102	1,655	25,800	SH		DFND		0	25,800	0
NORTHROP GRUMMAN CORP	COM	666807102	5,362	28,400	SH		DFND		0	28,400	0
NORTHWEST NAT GAS CO	COM	667655104	1,205	23,800	SH		DFND		0	23,800	0
NORTHWESTERN CORP	COM NEW	668074305	846	15,600	SH		DFND		0	15,600	0
NOVO-NORDISK A S	ADR	670100205	9,728	167,500	SH		DFND		0	167,500	0
O REILLY AUTOMOTIVE INC NEW	COM	67103H107	16,041	63,300	SH		DFND		0	63,300	0
OCEANEERING INTL INC	COM	675232102	615	16,400	SH		DFND		0	16,400	0
ONEOK INC NEW	COM	682680103	1,529	62,000	SH		DFND		0	62,000	0
OPEN TEXT CORP	COM	683715106	4,098	85,500	SH		DFND		0	85,500	0
OPKO HEALTH INC	COM	68375N103	415	41,250	SH		DFND		0	41,250	0
OSHKOSH CORP	COM	688239201	1,109	28,400	SH		DFND		0	28,400	0
OSI SYSTEMS INC	COM	671044105	1,321	14,900	SH		DFND		0	14,900	0
OXFORD INDS INC	COM	691497309	1,302	20,400	SH		DFND		0	20,400	0
PACKAGING CORP AMER	COM	695156109	1,715	27,200	SH		DFND		0	27,200	0
PANDORA MEDIA INC	COM	698354107	2,950	220,000	SH		DFND		0	220,000	0
PAREXEL INTL CORP	COM	699462107	3,784	55,550	SH		DFND		0	55,550	0
PAYCOM SOFTWARE INC	COM	70432V102	1,302	34,600	SH		DFND		0	34,600	0
PAYPAL HLDGS INC	COM	70450Y103	8,688	240,000	SH		DFND		0	240,000	0
PEPSICO INC	COM	713448108	5,895	59,000	SH		DFND		0	59,000	0
PIEDMONT NAT GAS INC	COM	720186105	3,330	58,400	SH		DFND		0	58,400	0
PIONEER NAT RES CO	COM	723787107	2,037	16,246	SH		DFND		0	16,246	0
POOL CORPORATION	COM	73278L105	6,422	79,500	SH		DFND		0	79,500	0
PRA GROUP INC	COM	69354N106	3,504	101,000	SH		DFND		0	101,000	0
PRAXAIR INC	COM	74005P104	7,311	71,400	SH		DFND		0	71,400	0
PRICELINE GRP INC	COM NEW	741503403	7,522	5,900	SH		DFND		0	5,900	0
PROASSURANCE CORP	COM	74267C106	2,616	53,900	SH		DFND		0	53,900	0
PROSPERITY BANCSHARES INC	COM	743606105	2,565	53,600	SH		DFND		0	53,600	0
QUALYS INC	COM	74758T303	860	26,000	SH		DFND		0	26,000	0
RBC BEARINGS INC	COM	75524B104	2,887	44,700	SH		DFND		0	44,700	0
RENAISSANCERE HOLDINGS LTD	COM	G7496G103	3,758	33,200	SH		DFND		0	33,200	0
REPUBLIC SVCS INC	COM	760759100	3,849	87,500	SH		DFND		0	87,500	0
RESTORATION HARDWARE HLDGS I	COM	761283100	556	7,000	SH		DFND		0	7,000	0
REYNOLDS AMERICAN INC	COM	761713106	8,445	183,000	SH		DFND		0	183,000	0
RLI CORP	COM	749607107	8,237	133,400	SH		DFND		0	133,400	0
ROLLINS INC	COM	775711104	17,262	666,500	SH		DFND		0	666,500	0
ROPER TECHNOLOGIES INC	COM	776696106	21,598	113,800	SH		DFND		0	113,800	0
RUSH ENTERPRISES INC	CL A	781846209	2,371	108,300	SH		DFND		0	108,300	0
RYANAIR HLDGS PLC	SPONSORED ADR NE	783513203	506	5,850	SH		DFND		0	5,850	0
SALESFORCE COM INC	COM	79466L302	14,739	188,000	SH		DFND		0	188,000	0
SBA COMMUNICATIONS CORP	COM	78388J106	10,759	102,400	SH		DFND		0	102,400	0
SCHEIN HENRY INC	COM	806407102	20,264	128,100	SH		DFND		0	128,100	0
SCHLUMBERGER LTD	COM	806857108	1,883	27,000	SH		DFND		0	27,000	0
SCHWAB CHARLES CORP NEW	COM	808513105	10,373	315,000	SH		DFND		0	315,000	0
SCIENCE APPLICATNS INTL CP N	COM	808625107	819	17,900	SH		DFND		0	17,900	0
SCOTTS MIRACLE GRO CO	CL A	810186106	5,870	91,000	SH		DFND		0	91,000	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	1,549	10,100	SH		DFND		0	10,100	0
SILGAN HOLDINGS INC	COM	827048109	11,523	214,500	SH		DFND		0	214,500	0
SNAP ON INC	COM	833034101	11,366	66,300	SH		DFND		0	66,300	0
SOUTH JERSEY INDS INC	COM	838518108	5,043	214,400	SH		DFND		0	214,400	0
SOUTHWEST GAS CORP	COM	844895102	2,295	41,600	SH		DFND		0	41,600	0
STAMPS COM INC	COM NEW	852857200	2,444	22,300	SH		DFND		0	22,300	0
STARBUCKS CORP	COM	855244109	16,808	280,000	SH		DFND		0	280,000	0
STARWOOD HOTELS&RESORTS WRLD	COM	85590A401	5,750	83,000	SH		DFND		0	83,000	0
STERICYCLE INC	COM	858912108	15,702	130,200	SH		DFND		0	130,200	0
STERIS PLC	SHS USD	G84720104	1,657	22,000	SH		DFND		0	22,000	0
STIFEL FINL CORP	COM	860630102	5,299	125,100	SH		DFND		0	125,100	0
SYNAPTICS INC	COM	87157D109	3,519	43,800	SH		DFND		0	43,800	0
SYNNEX CORP	COM	87162W100	4,982	55,400	SH		DFND		0	55,400	0
SYNTEL INC	COM	87162H103	959	21,200	SH		DFND		0	21,200	0
TELEDYNE TECHNOLOGIES INC	COM	879360105	16,951	191,100	SH		DFND		0	191,100	0
TESLA MTRS INC	COM	88160R101	4,080	17,000	SH		DFND		0	17,000	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	2,247	34,237	SH		DFND		0	34,237	0
TEXAS ROADHOUSE INC	COM	882681109	2,254	63,000	SH		DFND		0	63,000	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	5,433	38,300	SH		DFND		0	38,300	0
TIFFANY & CO NEW	COM	886547108	2,518	33,000	SH		DFND		0	33,000	0
TJX COS INC NEW	COM	872540109	24,960	352,000	SH		DFND		0	352,000	0
TOLL BROTHERS INC	COM	889478103	2,597	78,000	SH		DFND		0	78,000	0
TORCHMARK CORP	COM	891027104	1,366	23,900	SH		DFND		0	23,900	0
TORO CO	COM	891092108	23,273	318,500	SH		DFND		0	318,500	0
TRANSCANADA CORP	COM	89353D107	847	26,000	SH		DFND		0	26,000	0
TRANSDIGM GROUP INC	COM	893641100	4,249	18,600	SH		DFND		0	18,600	0
TRIMBLE NAVIGATION LTD	COM	896239100	1,304	60,800	SH		DFND		0	60,800	0
TYLER TECHNOLOGIES INC	COM	902252105	14,618	83,858	SH		DFND		0	83,858	0
U S CONCRETE INC	COM NEW	90333L201	1,269	24,100	SH		DFND		0	24,100	0
ULTIMATE SOFTWARE GROUP INC	COM	90385D107	21,076	107,800	SH		DFND		0	107,800	0
UNDER ARMOUR INC	CL A	904311107	242	3,000	SH		DFND		0	3,000	0
UNION PAC CORP	COM	907818108	7,976	102,000	SH		DFND		0	102,000	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	956	8,000	SH		DFND		0	8,000	0
URBAN OUTFITTERS INC	COM	917047102	5,824	256,000	SH		DFND		0	256,000	0
V F CORP	COM	918204108	6,574	105,600	SH		DFND		0	105,600	0
VAIL RESORTS INC	COM	91879Q109	4,864	38,000	SH		DFND		0	38,000	0
VALMONT INDS INC	COM	920253101	2,290	21,600	SH		DFND		0	21,600	0
VALSPAR CORP	COM	920355104	12,293	148,200	SH		DFND		0	148,200	0
VCA INC	COM	918194101	3,201	58,200	SH		DFND		0	58,200	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	15,225	121,000	SH		DFND		0	121,000	0
VISA INC	COM CL A	92826C839	13,726	177,000	SH		DFND		0	177,000	0
VISTA OUTDOOR INC	COM	928377100	863	19,400	SH		DFND		0	19,400	0
VOYA GLBL EQTY DIV & PREM OP	COM	92912T100	83	11,800	SH		DFND		0	11,800	0
WABTEC CORP	COM	929740108	9,694	136,300	SH		DFND		0	136,300	0
WASTE CONNECTIONS INC	COM	941053100	27,532	488,850	SH		DFND		0	488,850	0
WELLS FARGO & CO NEW	COM	949746101	3,044	56,000	SH		DFND		0	56,000	0
WELLS FARGO GLOBAL DIVIDEND	COM	94987C103	84	14,200	SH		DFND		0	14,200	0
WEX INC	COM	96208T104	11,545	130,600	SH		DFND		0	130,600	0
WHITEWAVE FOODS CO	COM	966244105	623	16,000	SH		DFND		0	16,000	0
WILEY JOHN & SONS INC	CL A	968223206	315	7,000	SH		DFND		0	7,000	0
WOLVERINE WORLD WIDE INC	COM	978097103	4,256	254,700	SH		DFND		0	254,700	0
WOODWARD INC	COM	980745103	5,065	102,000	SH		DFND		0	102,000	0