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

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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	34,408	180,580	SH		DFND	1	180,580	0	0
ACADIA PHARMACEUTICALS INC	COM	004225108	323	20,000	SH		DFND	1	20,000	0	0
AKARI THERAPEUTICS PLC	COM	00972G108	1,884	1,199,697	SH		DFND	1	1,199,697	0	0
ALDEYRA THERAPEUTICS INC	COM	01438T106	500	60,190	SH		DFND	1	60,190	0	0
ALLERGAN PLC	SPONSORED ADR	G0177J108	22,776	170,400	SH		DFND	1	170,400	0	0
ALLISON TRANSMISSION HOLDINGS,INC	COM	01973R101	273	6,220	SH		DFND	1	6,220	0	0
ALPHABET INC CLASS C	CL C	38259P706	4,039	3,900	SH		DFND	1	0	0	3,900
ALPINE IMMUNE SCIENCES INC	COM	02083G100	453	122,972	SH		DFND	1	122,972	0	0
ALTRIA GROUP INC	COM	02209S103	2,393	48,450	SH		DFND	1	48,450	0	0
AMC NETWORKS INC	COM	00164V103	279	5,080	SH		DFND	1	5,080	0	0
AMERICAN EXPRESS CO	COM	025816109	1,678	17,600	SH		DFND	1	17,600	0	0
AMGEN INC	COM	031162100	6,644	34,130	SH		DFND	1	34,130	0	0
ANAVEX LIFE SCIENCES CORP	COM	032797300	231	148,080	SH		DFND	1	148,080	0	0
ANHEUSER-BUSCH INBEV NV	SPONSORED ADR	03524A108	8,147	123,800	SH		DFND	1	123,800	0	0
ANTHEM INC	COM	036752103	299	1,140	SH		DFND	1	1,140	0	0
AT&T INC	COM	00206R102	2,774	97,200	SH		DFND	1	97,200	0	0
AUTOHOME INC	SPONSORED ADR	05278C107	209	2,670	SH		DFND	1	2,670	0	0
AVEO PHARMACEUTICALS INC	COM	053588109	128	80,000	SH		DFND	1	80,000	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	14,129	300,160	SH		DFND	1	300,160	0	0
BECTON DICKINSON & CO	COM	075887109	5,137	22,800	SH		DFND	1	22,800	0	0
BERKSHIRE HATHAWAY INC CLASS A	CL A	084670108	225,216	736	SH		DFND	1	736	0	0
BERKSHIRE HATHAWAY INC CLASS B	COM	084670702	398	1,950	SH		DFND	1	1,950	0	0
BHP BILLITON PLC	COM	05545E209	9,770	233,230	SH		DFND	1	233,230	0	0
BIOGEN INC	COM	09062X103	4,291	14,260	SH		DFND	1	14,260	0	0
BOEING CO	COM	097023105	20,737	64,300	SH		DFND	1	64,300	0	0
BRIGHT SCHOLAR EDUCATION HOLDINGS LTD	SPONSORED ADR	109199109	149	16,140	SH		DFND	1	16,140	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	3,227	62,080	SH		DFND	1	62,080	0	0
BRITISH AMERICAN TOBACCO PLC	COM	110448107	616	19,350	SH		DFND	1	19,350	0	0
THE BUCKLE, INC	COM	118440106	220	11,400	SH		DFND	1	11,400	0	0
CALITHERA BIOSCIENCES,INC	COM	13089P101	201	50,000	SH		DFND	1	50,000	0	0
CANNAE HOLDINGS INC	COM	13765N107	229	13,400	SH		DFND	1	13,400	0	0
CELGENE CORP	COM	151020104	2,927	45,670	SH		DFND	1	45,670	0	0
CHECK POINT SOFTWARE TECHNOLOGIES LTD	COM	M22465104	258	2,510	SH		DFND	1	2,510	0	0
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	2,318	48,300	SH		DFND	1	48,300	0	0
CIGNA CORPORATION	COM	125509109	5,450	28,697	SH		DFND	1	28,697	0	0
CIRRUS LOGIC, INC	COM	172755100	217	6,530	SH		DFND	1	6,530	0	0
CISCO SYSTEMS INC	COM	17275R102	6,846	158,000	SH		DFND	1	158,000	0	0
COCA COLA CO	COM	191216100	2,178	46,000	SH		DFND	1	46,000	0	0
COLGATE-PALMOLIVE COMPANY	COM	194162103	8,457	142,090	SH		DFND	1	142,090	0	0
CONATUS PHARMACEUTICALS INC	COM	20600T108	289	167,288	SH		DFND	1	167,288	0	0
CORVUS PHARMACEUTICALS INC	COM	221015100	477	130,000	SH		DFND	1	130,000	0	0
DANAHER CORP	COM	235851102	22,253	215,800	SH		DFND	1	215,800	0	0
DAVITA HEALTHCARE PARTNERS INC	COM	23918K108	5,438	105,680	SH		DFND	1	105,680	0	0
DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES FUND	ETF	233051879	4,046	184,500	SH		DFND	1	184,500	0	0
DIAMOND OFFSHORE DRILLING INC	COM	25271C102	332	35,200	SH		DFND	1	35,200	0	0
DYNAVAX TECHNOLOGIES CORPORATION	COM	268158201	966	105,573	SH		DFND	1	105,573	0	0
ECOLAB INC	COM	278865100	309	2,100	SH		DFND	1	2,100	0	0
EQUIFAX INC	COM	294429AN5	260	2,790	SH		DFND	1	2,790	0	0
EXXON MOBIL CORPORATION	COM	30231G102	8,755	128,393	SH		DFND	1	128,393	0	0
F5 NETWORKS, INC	COM	315616102	269	1,660	SH		DFND	1	1,660	0	0
FORTIVE CORP	COM	34959J108	9,587	141,700	SH		DFND	1	141,700	0	0
GENERAL ELECTRIC COMPANY	COM	369604103	14,770	1,951,080	SH		DFND	1	1,951,080	0	0
GENERAL MILLS,INC	COM	370334104	11,113	285,400	SH		DFND	1	285,400	0	0
GILEAD SCIENCES INC	COM	375558103	5,295	84,650	SH		DFND	1	84,650	0	0
GRAY TELEVISION, INC	COM	389375106	323	21,890	SH		DFND	1	21,890	0	0
H&R BLOCK, INC	COM	093671105	248	9,760	SH		DFND	1	9,760	0	0
HOLOGIC, INC	COM	436440101	282	6,850	SH		DFND	1	6,850	0	0
HOSTESS BRANDS,INC	COM	44109J106	195	17,810	SH		DFND	1	17,810	0	0
HOULIHAN LOKEY, INC	COM	441593100	211	5,740	SH		DFND	1	5,740	0	0
INTERDIGITAL INC	COM	45867G101	217	3,270	SH		DFND	1	3,270	0	0
INTERNATIONAL BUSINESS MACHINES CORP	COM	459200101	16,404	144,310	SH		DFND	1	144,310	0	0
INTUITIVE SURGICAL INC	COM	46120E602	8,932	18,650	SH		DFND	1	18,650	0	0
ISHARES CORE HIGH DIVIDEND ETF	COM	46429B663	1,561	18,500	SH		DFND	1	18,500	0	0
ISHARES NASDAQ BIOTECHNOLOGY	ETF	464287556	2,498	25,900	SH		DFND	1	25,900	0	0
JACK HENRY & ASSOCIATES INC	COM	426281101	1,733	13,700	SH		DFND	1	13,700	0	0
JOHNSON & JOHNSON	COM	478160104	35,569	275,620	SH		DFND	1	275,620	0	0
KBR, INC	COM	48242W106	228	15,040	SH		DFND	1	15,040	0	0
KLA-TENCOR CORPORATION	COM	482480100	212	2,370	SH		DFND	1	2,370	0	0
THE KRAFT HEINZ COMPANY	COM	500754106	12,641	293,710	SH		DFND	1	293,710	0	0
LINDE PUBLIC LIMITED COMPANY	COM	G5494J103	23,565	151,020	SH		DFND	1	151,020	0	0
LOEWS CORPORATION	COM	540424108	442	9,700	SH		DFND	1	9,700	0	0
MASTERCARD INC	CL A	57636Q104	1,887	10,000	SH		DFND	1	10,000	0	0
MC DERMOTT INTERNATIONAL,INC	COM	580037703	494	75,600	SH		DFND	1	75,600	0	0
MCDONADLD'S CORP	COM	580135101	1,786	10,060	SH		DFND	1	10,060	0	0
MEDTRONIC INC	COM	585055106	4,612	50,700	SH		DFND	1	50,700	0	0
MERSANA THERAPEUTICS INC	COM	59045L106	348	85,396	SH		DFND	1	85,396	0	0
THE MICHAELS COS INC	COM	59408Q106	191	14,120	SH		DFND	1	14,120	0	0
MOODYS CORPORATION	COM	20775CZK3	7,205	51,450	SH		DFND	1	51,450	0	0
MSG NETWORKS INC	COM	553573106	272	11,540	SH		DFND	1	11,540	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	1,987	77,300	SH		DFND	1	77,300	0	0
NESTLE SA	SPONSORED ADR	641069406	17,932	221,490	SH		DFND	1	221,490	0	0
NOVO NORDISK A/S	SPONSORED ADR	670100205	15,620	339,040	SH		DFND	1	339,040	0	0
NOW INC	COM	67011P100	648	55,675	SH		DFND	1	55,675	0	0
NUTRIEN LTD	COM	67077M108	17,689	376,360	SH		DFND	1	376,360	0	0
OMNICOM GROUP INC	COM	681919106	403	5,500	SH		DFND	1	5,500	0	0
ONESMART INTERNATIONAL EDUCATION GROUP LIMITED	SPONSORED ADR	68276W103	187	23,940	SH		DFND	1	23,940	0	0
ORACLE CORPORATION	COM	68389X105	253	5,600	SH		DFND	1	5,600	0	0
PACCAR INC	COM	693718108	212	3,710	SH		DFND	1	3,710	0	0
PHILLIPS 66	COM	718546104	13,058	151,570	SH		DFND	1	151,570	0	0
PREMIER, INC	COM	74051N102	306	8,200	SH		DFND	1	8,200	0	0
PROGENICS PHARMACEUTICALS INC	COM	743187106	52	12,302	SH		DFND	1	12,302	0	0
THE PROCTER&GAMBLE COMPANY	COM	742718109	16,012	174,200	SH		DFND	1	174,200	0	0
ROCHE HOLDING AG	SPONSORED ADR	771195104	5,181	166,700	SH		DFND	1	166,700	0	0
ROPER TECHNOLOGIES INC	COM	776696106	18,816	70,600	SH		DFND	1	70,600	0	0
ROYAL DUTCH SHELL PLC CLASS B	CL B	780259107	4,112	68,600	SH		DFND	1	68,600	0	0
SANOFI-AVENTIS SA	SPONSORED ADR	80105N105	5,949	137,040	SH		DFND	1	137,040	0	0
SENSATA TECHNOLOGIES HOLDING	COM	G8060N102	807	18,000	SH		DFND	1	18,000	0	0
SESEN BIO INC	COM	817763105	290	204,505	SH		DFND	1	204,505	0	0
SIERRA ONCOLOGY INC	COM	82640U107	330	250,000	SH		DFND	1	250,000	0	0
SINCLAIR BROADCAST GROUP, INC	COM	829226109	228	8,670	SH		DFND	1	8,670	0	0
SOPHIRIS BIO INC	COM	83578Q209	167	200,900	SH		DFND	1	200,900	0	0
SPRING BANK PHARMACEUTICALS	COM	849431101	556	53,536	SH		DFND	1	53,536	0	0
STEMLINE THERAPEUTICS INC	COM	85858C107	144	15,136	SH		DFND	1	15,136	0	0
STERICYCLE INC	COM	858912108	2,179	59,400	SH		DFND	1	59,400	0	0
STORE CAPITAL CORPORATION	REIT	862121100	1,039	36,700	SH		DFND	1	36,700	0	0
TARO PHARMACEUTICAL INDUSTRIES LTD	COM	M8737E108	217	2,560	SH		DFND	1	2,560	0	0
TEGNA INC	COM	87901J105	259	23,790	SH		DFND	1	23,790	0	0
TG THERAPEUTICS INC	COM	88322Q108	205	50,000	SH		DFND	1	50,000	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	17,394	163,350	SH		DFND	1	163,350	0	0
UNITED THERAPEUTICS CORPORATION	COM	91307C102	250	2,300	SH		DFND	1	2,300	0	0
US BANCORP	COM	902973304	5,333	116,700	SH		DFND	1	116,700	0	0
VANGUARD CONSUMER STAPLES ETF	ETF	92204A207	5,326	40,600	SH		DFND	1	40,600	0	0
VANGUARD FTSE EMERGING MARKETS ETF	COM	922042858	1,989	52,200	SH		DFND	1	52,200	0	0
VANGUARD S&P 500 ETF	COM	922908363	7,490	32,590	SH		DFND	1	32,590	0	0
VIKING THERAPEUTICS IN	COM	92686J106	306	40,000	SH		DFND	1	40,000	0	0
VISA INC CLASS A	CL A	92826C839	22,680	171,900	SH		DFND	1	171,900	0	0
WABTEC CORPORATION	COM	929740108	13,823	196,770	SH		DFND	1	196,770	0	0
WARRIOR MET COAL INC	COM	93627C101	277	11,500	SH		DFND	1	11,500	0	0
WATERS CORPORATION	COM	941848103	9,876	52,350	SH		DFND	1	52,350	0	0
WELLS FARGO & CO	COM	949746101	71,167	1,544,420	SH		DFND	1	1,544,420	0	0
YUM!BRANDS, INC	COM	988498101	275	2,990	SH		DFND	1	2,990	0	0
ZAFGEN INC	COM	98885E103	641	129,521	SH		DFND	1	129,521	0	0
ZTO EXPRESS CAYMAN INC	SPONSORED ADR	98980A105	259	16,330	SH		DFND	1	16,330	0	0