Hikari Power 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
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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
3M CO	COM	88579Y101	27,976	142,210	SH		DFND	1	142,210	0	0
58.COM, INC	SPONSORED ADR	31680Q104	225	3,240	SH		DFND	1	3,240	0	0
ABEONA THERAPEUTICS INC	COM	00289Y107	530	33,101	SH		DFND	1	33,101	0	0
ACADIA PHARMACEUTICALS INC	COM	004225108	916	60,000	SH		DFND	1	60,000	0	0
ACHAOGEN INC	COM	004449104	520	60,000	SH		DFND	1	60,000	0	0
ADAMAS PHARMACEUTICALS INC	COM	00548A106	775	30,000	SH		DFND	1	30,000	0	0
ADVANCED ENERGY INDUSTRIES, INC	COM	007973100	222	3,830	SH		DFND	1	3,830	0	0
AKARI THERAPEUTICS PLC	COM	00972G108	1,646	843,849	SH		DFND	1	843,849	0	0
ALDEYRA THERAPEUTICS INC	COM	01438T106	857	107,858	SH		DFND	1	107,858	0	0
ALLERGAN PLC	SPONSORED ADR	G0177J108	19,461	116,730	SH		DFND	1	116,730	0	0
ALLIANCE DATA SYSTEMS CORPORATION	COM	018581108	285	1,220	SH		DFND	1	1,220	0	0
ALLISON TRANSMISSION HOLDINGS,INC	COM	01973R101	252	6,220	SH		DFND	1	6,220	0	0
ALPHABET INC CLASS C	CL C	38259P706	4,351	3,900	SH		DFND	1	0	0	3,900
ALTRIA GROUP INC	COM	02209S103	1,846	32,500	SH		DFND	1	32,500	0	0
AMC NETWORKS INC	COM	00164V103	316	5,080	SH		DFND	1	5,080	0	0
AMERICAN EXPRESS CO	COM	025816109	1,725	17,600	SH		DFND	1	17,600	0	0
AMGEN INC	COM	031162100	8,884	48,130	SH		DFND	1	48,130	0	0
ANHEUSER-BUSCH INBEV NV	SPONSORED ADR	03524A108	6,952	69,000	SH		DFND	1	69,000	0	0
ANTHEM INC	COM	036752103	271	1,140	SH		DFND	1	1,140	0	0
AUTOHOME INC	SPONSORED ADR	05278C107	270	2,670	SH		DFND	1	2,670	0	0
BAIDU INC	COM	056752108	277	1,140	SH		DFND	1	1,140	0	0
BECTON DICKINSON & CO	COM	075887109	5,462	22,800	SH		DFND	1	22,800	0	0
BERKSHIRE HATHAWAY INC CLASS A	CL A	084670108	201,377	714	SH		DFND	1	714	0	0
BHP BILLITON PLC	COM	05545E209	9,463	210,530	SH		DFND	1	210,530	0	0
BIODELIVERY SCIENCES INTERNATIONAL INC	COM	09060J106	713	241,567	SH		DFND	1	241,567	0	0
BIOGEN INC	COM	09062X103	5,787	19,940	SH		DFND	1	19,940	0	0
BOEING CO	COM	097023105	21,573	64,300	SH		DFND	1	64,300	0	0
BRIGHT SCHOLAR EDUCATION HOLDINGS LTD	SPONSORED ADR	109199109	268	16,140	SH		DFND	1	16,140	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	3,436	62,080	SH		DFND	1	62,080	0	0
BRITISH AMERICAN TOBACCO PLC	COM	110448107	976	19,350	SH		DFND	1	19,350	0	0
THE BUCKLE, INC	COM	118440106	307	11,400	SH		DFND	1	11,400	0	0
CA INC	COM	12673P105	267	7,490	SH		DFND	1	7,490	0	0
CALITHERA BIOSCIENCES,INC	COM	13089P101	500	100,000	SH		DFND	1	100,000	0	0
CANNAE HOLDINGS INC	COM	13765N107	249	13,400	SH		DFND	1	13,400	0	0
CELGENE CORP	COM	151020104	5,112	64,370	SH		DFND	1	64,370	0	0
CHECK POINT SOFTWARE TECHNOLOGIES LTD	COM	M22465104	245	2,510	SH		DFND	1	2,510	0	0
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	1,323	29,800	SH		DFND	1	29,800	0	0
CIGNA CORPORATION	COM	125509109	255	1,500	SH		DFND	1	1,500	0	0
CIRRUS LOGIC, INC	COM	172755100	250	6,530	SH		DFND	1	6,530	0	0
CISCO SYSTEMS INC	COM	17275R102	6,799	158,000	SH		DFND	1	158,000	0	0
COCA COLA CO	COM	191216100	2,018	46,000	SH		DFND	1	46,000	0	0
COLGATE-PALMOLIVE COMPANY	COM	194162103	7,499	115,700	SH		DFND	1	115,700	0	0
CORCEPT THERAPEUTICS INC	COM	218352102	472	30,000	SH		DFND	1	30,000	0	0
CTRIP.COM INTERNATIONAL, LTD	SPONSORED ADR	22943F100	288	6,050	SH		DFND	1	6,050	0	0
DANAHER CORP	COM	235851102	21,295	215,800	SH		DFND	1	215,800	0	0
DAVITA HEALTHCARE PARTNERS INC	COM	23918K108	18,745	269,940	SH		DFND	1	269,940	0	0
DELUXE CORP	COM	248019101	228	3,440	SH		DFND	1	3,440	0	0
DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES FUND	ETF	233051879	1,610	60,700	SH		DFND	1	60,700	0	0
DIAMOND OFFSHORE DRILLING INC	COM	25271C102	734	35,200	SH		DFND	1	35,200	0	0
DYNAVAX TECHNOLOGIES CORPORATION	COM	268158201	1,994	130,755	SH		DFND	1	130,755	0	0
ECOLAB INC	COM	278865100	295	2,100	SH		DFND	1	2,100	0	0
EXPRESS SCRIPTS HOLDING INC	COM	30219G108	8,627	111,740	SH		DFND	1	111,740	0	0
EXXON MOBIL CORPORATION	COM	30231G102	10,787	130,393	SH		DFND	1	130,393	0	0
F5 NETWORKS, INC	COM	315616102	286	1,660	SH		DFND	1	1,660	0	0
FORTIVE CORP	COM	34959J108	10,926	141,700	SH		DFND	1	141,700	0	0
GENERAL ELECTRIC COMPANY	COM	369604103	6,891	506,300	SH		DFND	1	506,300	0	0
GENERAL MILLS,INC	COM	370334104	7,568	171,000	SH		DFND	1	171,000	0	0
GILEAD SCIENCES INC	COM	375558103	8,462	119,450	SH		DFND	1	119,450	0	0
GRAY TELEVISION, INC	COM	389375106	346	21,890	SH		DFND	1	21,890	0	0
H&R BLOCK, INC	COM	093671105	222	9,760	SH		DFND	1	9,760	0	0
HOLOGIC, INC	COM	436440101	272	6,850	SH		DFND	1	6,850	0	0
HOSTESS BRANDS,INC	COM	44109J106	242	17,810	SH		DFND	1	17,810	0	0
HOULIHAN LOKEY, INC	COM	441593100	294	5,740	SH		DFND	1	5,740	0	0
ISHARES CORE HIGH DIVIDEND ETF	COM	46429B663	450	5,300	SH		DFND	1	5,300	0	0
INTERDIGITAL INC	COM	45867G101	265	3,270	SH		DFND	1	3,270	0	0
INTERNATIONAL BUSINESS MACHINES CORP	COM	459200101	31,655	226,590	SH		DFND	1	226,590	0	0
INTUITIVE SURGICAL INC	COM	46120E602	8,924	18,650	SH		DFND	1	18,650	0	0
ISHARES NASDAQ BIOTECHNOLOGY	ETF	464287556	2,844	25,900	SH		DFND	1	25,900	0	0
JACK HENRY & ASSOCIATES INC	COM	426281101	1,786	13,700	SH		DFND	1	13,700	0	0
JOHNSON & JOHNSON	COM	478160104	29,961	246,920	SH		DFND	1	246,920	0	0
KBR, INC	COM	48242W106	270	15,040	SH		DFND	1	15,040	0	0
KLA-TENCOR CORPORATION	COM	482480100	243	2,370	SH		DFND	1	2,370	0	0
THE KRAFT HEINZ COMPANY	COM	500754106	12,769	203,260	SH		DFND	1	203,260	0	0
LINN ENERGY INC	COM	53601P304	260	6,720	SH		DFND	1	6,720	0	0
LOEWS CORPORATION	COM	540424108	468	9,700	SH		DFND	1	9,700	0	0
MASTERCARD INC	CL A	57636Q104	1,965	10,000	SH		DFND	1	10,000	0	0
MC DERMOTT INTERNATIONAL,INC	COM	580037703	1,506	76,638	SH		DFND	1	76,638	0	0
MCDONADLD'S CORP	COM	580135101	1,576	10,060	SH		DFND	1	10,060	0	0
MCKESSON CORPORATION	COM	58155Q103	232	1,740	SH		DFND	1	1,740	0	0
MEDTRONIC INC	COM	585055106	4,340	50,700	SH		DFND	1	50,700	0	0
THE MICHAELS COS INC	COM	59408Q106	271	14,120	SH		DFND	1	14,120	0	0
MSG NETWORKS INC	COM	553573106	276	11,540	SH		DFND	1	11,540	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	9,769	225,100	SH		DFND	1	225,100	0	0
NESTLE SA	SPONSORED ADR	641069406	14,798	191,110	SH		DFND	1	191,110	0	0
NOVO NORDISK A/S	SPONSORED ADR	670100205	15,637	339,040	SH		DFND	1	339,040	0	0
NOW INC	COM	67011P100	742	55,675	SH		DFND	1	55,675	0	0
NUTRIEN LTD	COM	67077M108	20,466	376,360	SH		DFND	1	376,360	0	0
OCULAR THERAPEUTIX INC	COM	67576A100	540	80,011	SH		DFND	1	80,011	0	0
OMNICOM GROUP INC	COM	681919106	419	5,500	SH		DFND	1	5,500	0	0
ONESMART INTERNATIONAL EDUCATION GROUP LIMITED	SPONSORED ADR	68276W103	266	23,940	SH		DFND	1	23,940	0	0
ORACLE CORPORATION	COM	68389X105	247	5,600	SH		DFND	1	5,600	0	0
PACCAR INC	COM	693718108	230	3,710	SH		DFND	1	3,710	0	0
PHILLIPS 66	COM	718546104	27,569	245,470	SH		DFND	1	245,470	0	0
PRAXAIR INC	COM	74005P104	23,884	151,020	SH		DFND	1	151,020	0	0
PREMIER, INC	COM	74051N102	298	8,200	SH		DFND	1	8,200	0	0
THE PROCTER&GAMBLE COMPANY	COM	742718109	13,598	174,200	SH		DFND	1	174,200	0	0
PROGENICS PHARMACEUTICALS INC	COM	743187106	1,608	200,000	SH		DFND	1	200,000	0	0
RE/MAX HOLDINGS, INC	COM	75524W108	234	4,470	SH		DFND	1	4,470	0	0
RMR GROUP INC	COM	74967R106	260	3,310	SH		DFND	1	3,310	0	0
ROCHE HOLDING AG	SPONSORED ADR	771195104	4,606	166,700	SH		DFND	1	166,700	0	0
ROPER TECHNOLOGIES INC	COM	776696106	19,595	71,020	SH		DFND	1	71,020	0	0
ROYAL DUTCH SHELL PLC CLASS B	CL B	780259107	4,868	67,000	SH		DFND	1	67,000	0	0
SANOFI-AVENTIS SA	SPONSORED ADR	80105N105	5,483	137,040	SH		DFND	1	137,040	0	0
SAREPTA THERAPEUTICS INC	COM	803607100	1,322	10,000	SH		DFND	1	10,000	0	0
SENSATA TECHNOLOGIES HOLDING	COM	G8060N102	856	18,000	SH		DFND	1	18,000	0	0
SINCLAIR BROADCAST GROUP, INC	COM	829226109	279	8,670	SH		DFND	1	8,670	0	0
STERICYCLE INC	COM	858912108	3,108	47,600	SH		DFND	1	47,600	0	0
STORE CAPITAL CORPORATION	REIT	862121100	1,006	36,700	SH		DFND	1	36,700	0	0
SYNCHRONY FINANCIAL	COM	87165B103	210	6,300	SH		DFND	1	6,300	0	0
SYNERGY PHARMACEUTICALS INC	COM	871639308	4,002	2,300,000	SH		DFND	1	2,300,000	0	0
SYNTEL INC	COM	87162H103	1,003	31,270	SH		DFND	1	31,270	0	0
TARO PHARMACEUTICAL INDUSTRIES LTD	COM	M8737E108	296	2,560	SH		DFND	1	2,560	0	0
TEGNA INC	COM	87901J105	258	23,790	SH		DFND	1	23,790	0	0
TG THERAPEUTICS INC	COM	88322Q108	2,104	160,000	SH		DFND	1	160,000	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	20,711	165,650	SH		DFND	1	165,650	0	0
UNITED THERAPEUTICS CORPORATION	COM	91307C102	260	2,300	SH		DFND	1	2,300	0	0
US BANCORP	COM	902973304	5,647	112,900	SH		DFND	1	112,900	0	0
VANGUARD CONSUMER STAPLES ETF	ETF	92204A207	3,547	26,420	SH		DFND	1	26,420	0	0
VANGUARD FTSE EMERGING MARKETS ETF	COM	922042858	717	17,000	SH		DFND	1	17,000	0	0
VANGUARD S&P 500 ETF	COM	922908363	6,410	25,690	SH		DFND	1	25,690	0	0
VISA INC CLASS A	CL A	92826C839	22,768	171,900	SH		DFND	1	171,900	0	0
WABTEC CORPORATION	COM	929740108	19,003	192,770	SH		DFND	1	192,770	0	0
WALKER & DUNLOP INC	COM	93148P102	244	4,390	SH		DFND	1	4,390	0	0
WARRIOR MET COAL INC	COM	93627C101	317	11,500	SH		DFND	1	11,500	0	0
WATERS CORPORATION	COM	941848103	10,028	51,800	SH		DFND	1	51,800	0	0
WELLS FARGO & CO	COM	949746101	85,623	1,544,420	SH		DFND	1	1,544,420	0	0
YUM!BRANDS, INC	COM	988498101	234	2,990	SH		DFND	1	2,990	0	0
ZTO EXPRESS CAYMAN INC	SPONSORED ADR	98980A105	327	16,330	SH		DFND	1	16,330	0	0