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

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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	38,716	186,330	SH		DFND	1	186,330	0	0
ACADIA PHARMACEUTICALS INC	COM	004225108	537	20,000	SH		DFND	1	20,000	0	0
AKARI THERAPEUTICS PLC	COM	00972G108	5,120	1,430,096	SH		DFND	1	1,430,096	0	0
ALDEYRA THERAPEUTICS INC	COM	01438T106	402	44,520	SH		DFND	1	44,520	0	0
ALLERGAN PLC	SPONSORED ADR	G0177J108	27,267	186,240	SH		DFND	1	186,240	0	0
ALLISON TRANSMISSION HOLDINGS,INC	COM	01973R101	279	6,220	SH		DFND	1	6,220	0	0
ALPHABET INC CLASS C	CL C	38259P706	4,576	3,900	SH		DFND	1	0	0	3,900
ALPINE IMMUNE SCIENCES INC	COM	02083G100	844	122,972	SH		DFND	1	122,972	0	0
ALTRIA GROUP INC	COM	02209S103	8,338	145,190	SH		DFND	1	145,190	0	0
AMC NETWORKS INC	COM	00164V103	288	5,080	SH		DFND	1	5,080	0	0
AMGEN INC	COM	031162100	6,484	34,130	SH		DFND	1	34,130	0	0
ANAVEX LIFE SCIENCES CORP	COM	032797300	531	174,080	SH		DFND	1	174,080	0	0
ANHEUSER-BUSCH INBEV NV	SPONSORED ADR	03524A108	10,395	123,800	SH		DFND	1	123,800	0	0
ANTHEM INC	COM	036752103	327	1,140	SH		DFND	1	1,140	0	0
AT&T INC	COM	00206R102	3,048	97,200	SH		DFND	1	97,200	0	0
AUTOHOME INC	SPONSORED ADR	05278C107	281	2,670	SH		DFND	1	2,670	0	0
AVEO PHARMACEUTICALS INC	COM	053588109	66	80,000	SH		DFND	1	80,000	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	15,137	300,160	SH		DFND	1	300,160	0	0
BECTON DICKINSON & CO	COM	075887109	5,694	22,800	SH		DFND	1	22,800	0	0
BERKSHIRE HATHAWAY INC CLASS A	CL A	084670108	223,803	743	SH		DFND	1	743	0	0
BERKSHIRE HATHAWAY INC CLASS B	CL B	084670702	482	2,400	SH		DFND	1	2,400	0	0
BHP BILLITON PLC	COM	05545E209	11,260	233,230	SH		DFND	1	233,230	0	0
BIOGEN INC	COM	09062X103	3,371	14,260	SH		DFND	1	14,260	0	0
BOEING CO	COM	097023105	22,084	57,900	SH		DFND	1	57,900	0	0
BRIGHT SCHOLAR EDUCATION HOLDINGS LTD	SPONSORED ADR	109199109	167	16,140	SH		DFND	1	16,140	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	2,962	62,080	SH		DFND	1	62,080	0	0
BRITISH AMERICAN TOBACCO PLC	COM	110448107	807	19,350	SH		DFND	1	19,350	0	0
THE BUCKLE, INC	COM	118440106	213	11,400	SH		DFND	1	11,400	0	0
CALITHERA BIOSCIENCES,INC	COM	13089P101	337	50,000	SH		DFND	1	50,000	0	0
CANNAE HOLDINGS INC	COM	13765N107	325	13,400	SH		DFND	1	13,400	0	0
CELGENE CORP	COM	151020104	3,337	35,370	SH		DFND	1	35,370	0	0
CHECK POINT SOFTWARE TECHNOLOGIES LTD	COM	M22465104	317	2,510	SH		DFND	1	2,510	0	0
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	2,463	48,300	SH		DFND	1	48,300	0	0
CIGNA CORPORATION	COM	125509109	4,615	28,697	SH		DFND	1	28,697	0	0
CIRRUS LOGIC, INC	COM	172755100	275	6,530	SH		DFND	1	6,530	0	0
CISCO SYSTEMS INC	COM	17275R102	5,610	103,900	SH		DFND	1	103,900	0	0
COCA COLA CO	COM	191216100	2,156	46,000	SH		DFND	1	46,000	0	0
COLGATE-PALMOLIVE COMPANY	COM	194162103	9,739	142,090	SH		DFND	1	142,090	0	0
CONATUS PHARMACEUTICALS INC	COM	20600T108	217	200,488	SH		DFND	1	200,488	0	0
CORVUS PHARMACEUTICALS INC	COM	221015100	523	130,000	SH		DFND	1	130,000	0	0
DANAHER CORP	COM	235851102	28,490	215,800	SH		DFND	1	215,800	0	0
DAVITA HEALTHCARE PARTNERS INC	COM	23918K108	4,065	74,880	SH		DFND	1	74,880	0	0
DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES FUND	ETF	233051879	7,091	246,800	SH		DFND	1	246,800	0	0
DIAMOND OFFSHORE DRILLING INC	COM	25271C102	369	35,200	SH		DFND	1	35,200	0	0
DYNAVAX TECHNOLOGIES CORPORATION	COM	268158201	772	105,573	SH		DFND	1	105,573	0	0
ECOLAB INC	COM	278865100	371	2,100	SH		DFND	1	2,100	0	0
EQUIFAX INC	COM	294429AN5	331	2,790	SH		DFND	1	2,790	0	0
EXXON MOBIL CORPORATION	COM	30231G102	11,175	138,303	SH		DFND	1	138,303	0	0
F5 NETWORKS, INC	COM	315616102	261	1,660	SH		DFND	1	1,660	0	0
FORTIVE CORP	COM	34959J108	11,887	141,700	SH		DFND	1	141,700	0	0
GENERAL ELECTRIC COMPANY	COM	369604103	20,830	2,085,100	SH		DFND	1	2,085,100	0	0
GENERAL MILLS,INC	COM	370334104	14,769	285,400	SH		DFND	1	285,400	0	0
GILEAD SCIENCES INC	COM	375558103	5,503	84,650	SH		DFND	1	84,650	0	0
GRAY TELEVISION, INC	COM	389375106	468	21,890	SH		DFND	1	21,890	0	0
H&R BLOCK, INC	COM	093671105	234	9,760	SH		DFND	1	9,760	0	0
HOLOGIC, INC	COM	436440101	332	6,850	SH		DFND	1	6,850	0	0
HOSTESS BRANDS,INC	COM	44109J106	223	17,810	SH		DFND	1	17,810	0	0
HOULIHAN LOKEY, INC	COM	441593100	263	5,740	SH		DFND	1	5,740	0	0
INTERDIGITAL INC	COM	45867G101	216	3,270	SH		DFND	1	3,270	0	0
INTERNATIONAL BUSINESS MACHINES CORP	COM	459200101	20,362	144,310	SH		DFND	1	144,310	0	0
INTUITIVE SURGICAL INC	COM	46120E602	10,641	18,650	SH		DFND	1	18,650	0	0
ISHARES CORE HIGH DIVIDEND ETF	ETF	46429B663	2,279	24,430	SH		DFND	1	24,430	0	0
ISHARES MSCI RUSSIA ETF	ETF	46434G798	271	7,850	SH		DFND	1	7,850	0	0
ISHARES MSCI SOUTH KOREA ETF	ETF	464286772	430	7,050	SH		DFND	1	7,050	0	0
ISHARES NASDAQ BIOTECHNOLOGY	ETF	464287556	3,180	28,440	SH		DFND	1	28,440	0	0
JACK HENRY & ASSOCIATES INC	COM	426281101	1,901	13,700	SH		DFND	1	13,700	0	0
JOHNSON & JOHNSON	COM	478160104	40,673	290,960	SH		DFND	1	290,960	0	0
KBR, INC	COM	48242W106	287	15,040	SH		DFND	1	15,040	0	0
KLA-TENCOR CORPORATION	COM	482480100	283	2,370	SH		DFND	1	2,370	0	0
THE KRAFT HEINZ COMPANY	COM	500754106	704	21,550	SH		DFND	1	21,550	0	0
LINDE PUBLIC LIMITED COMPANY	COM	G5494J103	26,569	151,020	SH		DFND	1	151,020	0	0
MASTERCARD INC	CL A	57636Q104	2,355	10,000	SH		DFND	1	10,000	0	0
MC DERMOTT INTERNATIONAL,INC	COM	580037703	562	75,600	SH		DFND	1	75,600	0	0
MEDTRONIC INC	COM	585055106	4,618	50,700	SH		DFND	1	50,700	0	0
MERSANA THERAPEUTICS INC	COM	59045L106	475	90,246	SH	��	DFND	1	90,246	0	0
THE MICHAELS COS INC	COM	59408Q106	161	14,120	SH		DFND	1	14,120	0	0
MOODYS CORPORATION	COM	20775CZK3	9,317	51,450	SH		DFND	1	51,450	0	0
MSG NETWORKS INC	COM	553573106	251	11,540	SH		DFND	1	11,540	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	1,169	43,900	SH		DFND	1	43,900	0	0
NESTLE SA	SPONSORED ADR	641069406	21,650	227,130	SH		DFND	1	227,130	0	0
NOVO NORDISK A/S	SPONSORED ADR	670100205	12,988	248,290	SH		DFND	1	248,290	0	0
NOW INC	COM	67011P100	777	55,675	SH		DFND	1	55,675	0	0
NUTRIEN LTD	COM	67077M108	17,216	326,310	SH		DFND	1	326,310	0	0
OMNICOM GROUP INC	COM	681919106	401	5,500	SH		DFND	1	5,500	0	0
ONESMART INTERNATIONAL EDUCATION GROUP LIMITED	SPONSORED ADR	68276W103	189	23,940	SH		DFND	1	23,940	0	0
ORACLE CORPORATION	COM	68389X105	301	5,600	SH		DFND	1	5,600	0	0
PACCAR INC	COM	693718108	253	3,710	SH		DFND	1	3,710	0	0
PHILLIPS 66	COM	718546104	14,425	151,570	SH		DFND	1	151,570	0	0
PREMIER, INC	COM	74051N102	283	8,200	SH		DFND	1	8,200	0	0
PROTEOSTASIS THERAPEUTICS IN	COM	74373B109	63	50,000	SH		DFND	1	50,000	0	0
THE PROCTER&GAMBLE COMPANY	COM	742718109	13,438	129,150	SH		DFND	1	129,150	0	0
ROCHE HOLDING AG	SPONSORED ADR	771195104	5,733	166,700	SH		DFND	1	166,700	0	0
ROPER TECHNOLOGIES INC	COM	776696106	24,143	70,600	SH		DFND	1	70,600	0	0
ROYAL DUTCH SHELL PLC CLASS B	CL B	780259107	5,030	78,660	SH		DFND	1	78,660	0	0
SANOFI-AVENTIS SA	SPONSORED ADR	80105N105	3,152	71,190	SH		DFND	1	71,190	0	0
SESEN BIO INC	COM	817763105	218	212,055	SH		DFND	1	212,055	0	0
SIERRA ONCOLOGY INC	COM	82640U107	428	250,000	SH		DFND	1	250,000	0	0
SINCLAIR BROADCAST GROUP, INC	COM	829226109	334	8,670	SH		DFND	1	8,670	0	0
SOPHIRIS BIO INC	COM	83578Q209	199	200,900	SH		DFND	1	200,900	0	0
SPRING BANK PHARMACEUTICALS	COM	849431101	562	53,536	SH		DFND	1	53,536	0	0
STEMLINE THERAPEUTICS INC	COM	85858C107	194	15,136	SH		DFND	1	15,136	0	0
STERICYCLE INC	COM	858912108	3,233	59,400	SH		DFND	1	59,400	0	0
STORE CAPITAL CORPORATION	REIT	862121100	1,229	36,700	SH		DFND	1	36,700	0	0
TARO PHARMACEUTICAL INDUSTRIES LTD	COM	M8737E108	277	2,560	SH		DFND	1	2,560	0	0
TEGNA INC	COM	87901J105	335	23,790	SH		DFND	1	23,790	0	0
TG THERAPEUTICS INC	COM	88322Q108	402	50,000	SH		DFND	1	50,000	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	13,701	106,300	SH		DFND	1	106,300	0	0
UNITED THERAPEUTICS CORPORATION	COM	91307C102	270	2,300	SH		DFND	1	2,300	0	0
US BANCORP	COM	902973304	5,624	116,700	SH		DFND	1	116,700	0	0
VANGUARD CONSUMER STAPLES ETF	ETF	92204A207	5,896	40,600	SH		DFND	1	40,600	0	0
VANGUARD FTSE EMERGING MARKETS ETF	ETF	922042858	4,035	94,930	SH		DFND	1	94,930	0	0
VANGUARD S&P 500 ETF	ETF	922908363	10,101	38,920	SH		DFND	1	38,920	0	0
VANGUARD SMALL- CAP ETF	ETF	922908751	1,588	10,390	SH		DFND	1	10,390	0	0
VIKING THERAPEUTICS IN	COM	92686J106	497	50,000	SH		DFND	1	50,000	0	0
VISA INC CLASS A	CL A	92826C839	23,944	153,300	SH		DFND	1	153,300	0	0
VISTAGEN THERAPEUTICS INC	COM	92840H202	14	10,635	SH		DFND	1	10,635	0	0
WABTEC CORPORATION	COM	929740108	14,506	196,770	SH		DFND	1	196,770	0	0
WARRIOR MET COAL INC	COM	93627C101	350	11,500	SH		DFND	1	11,500	0	0
WATERS CORPORATION	COM	941848103	13,177	52,350	SH		DFND	1	52,350	0	0
WELLS FARGO & CO	COM	949746101	74,626	1,544,420	SH		DFND	1	1,544,420	0	0
YUM!BRANDS, INC	COM	988498101	298	2,990	SH		DFND	1	2,990	0	0
ZAFGEN INC	COM	98885E103	412	150,521	SH		DFND	1	150,521	0	0
ZTO EXPRESS CAYMAN INC	SPONSORED ADR	98980A105	299	16,330	SH		DFND	1	16,330	0	0