Bellevue (BLVGF) 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
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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
AAC HLDGS INC	COM	000307108	312	45,000	SH		DFND	1	0	0	45,000
ABBOTT LABS	COM	002824100	21,534	443,000	SH		DFND	1	0	0	443,000
ABBVIE INC	COM	00287Y109	8,308	114,574	SH		DFND	1	0	0	114,574
ABIOMED INC	COM	003654100	12,033	83,970	SH		DFND	1	0	0	83,970
ACADIA PHARMACEUTICALS INC	COM	004225108	5,854	186,000	SH		DFND	1	0	0	186,000
AETNA INC NEW	COM	00817Y108	7,865	51,800	SH		DFND	1	0	0	51,800
AGIOS PHARMACEUTICALS INC	COM	00847X104	2,315	45,000	SH		DFND	1	0	0	45,000
ALDER BIOPHARMACEUTICALS INC	COM	014339105	378	33,000	SH		DFND	1	0	0	33,000
ALEXION PHARMACEUTICALS INC	COM	015351109	11,194	92,000	SH		DFND	1	0	0	92,000
ALIGN TECHNOLOGY INC	COM	016255101	20,446	136,200	SH		DFND	1	0	0	136,200
ALKERMES PLC	SHS	G01767105	7,977	137,600	SH		DFND	1	0	0	137,600
ALLERGAN PLC	SHS	G0177J108	7,050	29,000	SH		DFND	1	0	0	29,000
ALNYLAM PHARMACEUTICALS INC	COM	02043Q107	9,972	125,029	SH		DFND	1	0	0	125,029
AMERISOURCEBERGEN CORP	COM	03073E105	10,687	113,058	SH		DFND	1	0	0	113,058
AMGEN INC	COM	031162100	28,199	163,728	SH		DFND	1	0	0	163,728
ANGIODYNAMICS INC	COM	03475V101	1,649	101,700	SH		DFND	1	0	0	101,700
ANTHEM INC	COM	036752103	23,205	123,347	SH		DFND	1	0	0	123,347
AURIS MED HLDG AG	COM	H03579101	1,551	2,169,625	SH		DFND	1	0	0	2,169,625
BARD C R INC	COM	067383109	11,788	37,290	SH		DFND	1	0	0	37,290
BAXTER INTL INC	COM	071813109	12,471	206,000	SH		DFND	1	0	0	206,000
BECTON DICKINSON & CO	COM	075887109	10,146	52,000	SH		DFND	1	0	0	52,000
BIOGEN INC	COM	09062X103	16,689	61,500	SH		DFND	1	0	0	61,500
BIOMARIN PHARMACEUTICAL INC	COM	09061G101	5,903	65,000	SH		DFND	1	0	0	65,000
BIOVERATIV INC	COM	09075E100	1,369	22,750	SH		DFND	1	0	0	22,750
BLUEBIRD BIO INC	COM	09609G100	2,322	22,100	SH		DFND	1	0	0	22,100
BOSTON SCIENTIFIC CORP	COM	101137107	17,408	628,000	SH		DFND	1	0	0	628,000
CARDINAL HEALTH INC	COM	14149Y108	1,558	20,000	SH		DFND	1	0	0	20,000
CELGENE CORP	COM	151020104	34,025	261,992	SH		DFND	1	0	0	261,992
CELLDEX THERAPEUTICS INC NEW	COM	15117B103	395	160,000	SH		DFND	1	0	0	160,000
CEMPRA INC	COM	15130J109	759	165,000	SH		DFND	1	0	0	165,000
CENTENE CORP DEL	COM	15135B101	13,564	169,810	SH		DFND	1	0	0	169,810
CERNER CORP	COM	156782104	4,952	74,500	SH		DFND	1	0	0	74,500
CHINA BIOLOGIC PRODS INC	COM	16938C106	4,100	36,250	SH		DFND	1	0	0	36,250
CIGNA CORPORATION	COM	125509109	11,948	75,500	SH		DFND	1	0	0	75,500
CLOVIS ONCOLOGY INC	COM	189464100	1,732	18,500	SH		DFND	1	0	0	18,500
COOPER COS INC	COM NEW	216648402	5,746	24,000	SH		DFND	1	0	0	24,000
COTIVITI HLDGS INC	COM	22164K101	780	21,000	SH		DFND	1	0	0	21,000
CVS HEALTH CORP	COM	126650100	2,687	33,400	SH		DFND	1	0	0	33,400
DANAHER CORP DEL	COM	235851102	12,068	143,000	SH		DFND	1	0	0	143,000
DAVITA INC	COM	23918K108	648	10,000	SH		DFND	1	0	0	10,000
DENTSPLY SIRONA INC	COM	24906P109	3,274	50,500	SH		DFND	1	0	0	50,500
DEXCOM INC	COM	252131107	2,743	37,500	SH		DFND	1	0	0	37,500
EAGLE PHARMACEUTICALS INC	COM	269796108	10,413	131,990	SH		DFND	1	0	0	131,990
EDWARDS LIFESCIENCES CORP	COM	28176E108	22,454	189,900	SH		DFND	1	0	0	189,900
ENDO INTL PLC	SHS	G30401106	1,285	115,000	SH		DFND	1	0	0	115,000
ENVISION HEALTHCARE CORP	COM	29414D100	816	13,026	SH		DFND	1	0	0	13,026
ESPERION THERAPEUTICS INC NEW	COM	29664W105	370	8,000	SH		DFND	1	0	0	8,000
EXELIXIS INC	COM	30161Q104	1,281	52,000	SH		DFND	1	0	0	52,000
EXPRESS SCRIPTS HLDG CO	COM	30219G108	3,160	49,500	SH		DFND	1	0	0	49,500
GENMARK DIAGNOSTICS INC	COM	372309104	4,793	405,178	SH		DFND	1	0	0	405,178
GILEAD SCIENCES INC	COM	375558103	22,069	311,803	SH		DFND	1	0	0	311,803
GLAUKOS CORP	COM	377322102	933	22,500	SH		DFND	1	0	0	22,500
GLOBUS MED INC	CL A	379577208	1,326	40,000	SH		DFND	1	0	0	40,000
GW PHARMACEUTICALS PLC	ADS	36197T103	602	6,000	SH		DFND	1	0	0	6,000
HALOZYME THERAPEUTICS INC	COM	40637H109	2,808	219,000	SH		DFND	1	0	0	219,000
HCA HEALTHCARE INC	COM	40412C101	1,857	21,300	SH		DFND	1	0	0	21,300
HEALTHCARE SVCS GRP INC	COM	421906108	1,709	36,500	SH		DFND	1	0	0	36,500
HILL ROM HLDGS INC	COM	431475102	8,319	104,503	SH		DFND	1	0	0	104,503
HMS HLDGS CORP	COM	40425J101	925	50,000	SH		DFND	1	0	0	50,000
HOLOGIC INC	COM	436440101	12,408	273,423	SH		DFND	1	0	0	273,423
HORIZON PHARMA PLC	SHS	G4617B105	4,836	407,398	SH		DFND	1	0	0	407,398
HUMANA INC	COM	444859102	6,376	26,500	SH		DFND	1	0	0	26,500
HUTCHISON CHINA MEDTECH LTD	SPONSORED ADR	44842L103	682	29,242	SH		DFND	1	0	0	29,242
ILLUMINA INC	COM	452327109	18,821	108,465	SH		DFND	1	0	0	108,465
IMPAX LABORATORIES INC	COM	45256B101	2,818	175,000	SH		DFND	1	0	0	175,000
INCYTE CORP	COM	45337C102	15,539	123,412	SH		DFND	1	0	0	123,412
INOVIO PHARMACEUTICALS INC	COM NEW	45773H201	1,129	144,000	SH		DFND	1	0	0	144,000
INSULET CORP	COM	45784P101	872	17,000	SH		DFND	1	0	0	17,000
INTEGRA LIFESCIENCES HLDGS C	COM NEW	457985208	8,741	160,350	SH		DFND	1	0	0	160,350
INTERCEPT PHARMACEUTICALS IN	COM	45845P108	1,029	8,500	SH		DFND	1	0	0	8,500
INTERSECT ENT INC	COM	46071F103	2,795	100,000	SH		DFND	1	0	0	100,000
INTRA CELLULAR THERAPIES INC	COM	46116X101	497	40,000	SH		DFND	1	0	0	40,000
INTUITIVE SURGICAL INC	COM NEW	46120E602	22,174	23,706	SH		DFND	1	0	0	23,706
IONIS PHARMACEUTICALS INC	COM	462222100	11,423	224,562	SH		DFND	1	0	0	224,562
IRHYTHM TECHNOLOGIES INC	COM	450056106	999	23,500	SH		DFND	1	0	0	23,500
ISHARES TR	NASDQ BIOTEC ETF	464287556	2,171	7,000	SH		DFND	1	0	0	7,000
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	15,582	100,203	SH		DFND	1	0	0	100,203
JOHNSON & JOHNSON	COM	478160104	4,167	31,500	SH		DFND	1	0	0	31,500
JUNO THERAPEUTICS INC	COM	48205A109	1,285	43,000	SH		DFND	1	0	0	43,000
KITE PHARMA INC	COM	49803L109	1,762	17,000	SH		DFND	1	0	0	17,000
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	7,918	51,370	SH		DFND	1	0	0	51,370
LIGAND PHARAMCEUTICALS INC	COM NEW	53220K504	7,697	63,400	SH		DFND	1	0	0	63,400
LILLY ELI & CO	COM	532457108	14,902	181,073	SH		DFND	1	0	0	181,073
LIVANOVA PLC	SHS	G5509L101	6,293	102,808	SH		DFND	1	0	0	102,808
MACROGENICS INC	COM	556099109	5,540	316,418	SH		DFND	1	0	0	316,418
MALLINCKRODT PUB LTD CO	SHS	G5785G107	8,287	184,945	SH		DFND	1	0	0	184,945
MASIMO CORP	COM	574795100	1,550	17,000	SH		DFND	1	0	0	17,000
MCKESSON CORP	COM	58155Q103	2,962	18,000	SH		DFND	1	0	0	18,000
MEDICINES CO	COM	584688105	741	19,500	SH		DFND	1	0	0	19,500
MEDTRONIC PLC	SHS	G5960L103	27,113	305,500	SH		DFND	1	0	0	305,500
MERCK & CO INC	COM	58933Y105	1,762	27,500	SH		DFND	1	0	0	27,500
MOLINA HEALTHCARE INC	COM	60855R100	1,141	16,500	SH		DFND	1	0	0	16,500
MYLAN N V	SHS EURO	N59465109	10,217	263,200	SH		DFND	1	0	0	263,200
MYRIAD GENETICS INC	COM	62855J104	336	13,000	SH		DFND	1	0	0	13,000
NEKTAR THERAPEUTICS	COM	640268108	841	43,000	SH		DFND	1	0	0	43,000
NEUROCRINE BIOSCIENCES INC	COM	64125C109	2,162	47,000	SH		DFND	1	0	0	47,000
NEVRO CORP	COM	64157F103	722	9,700	SH		DFND	1	0	0	9,700
NUVASIVE INC	COM	670704105	2,716	35,304	SH		DFND	1	0	0	35,304
OBALON THERAPEUTICS INC	COM	67424L100	446	45,000	SH		DFND	1	0	0	45,000
PENUMBRA INC	COM	70975L107	992	11,300	SH		DFND	1	0	0	11,300
PERRIGO CO PLC	SHS	G97822103	7,285	96,468	SH		DFND	1	0	0	96,468
PFIZER INC	COM	717081103	981	29,200	SH		DFND	1	0	0	29,200
PORTOLA PHARMACEUTICALS INC	COM	737010108	2,022	36,000	SH		DFND	1	0	0	36,000
PROSHARES TR	PSHS ULT NASB	74347R214	1,015	19,000	SH		DFND	1	0	0	19,000
PROTHENA CORP PLC	SHS	G72800108	2,219	41,000	SH		DFND	1	0	0	41,000
QIAGEN NV	SHS NEW	N72482123	2,664	79,444	SH		DFND	1	0	0	79,444
QUINTILES IMS HOLDING INC	COM	74876Y101	5,954	66,520	SH		DFND	1	0	0	66,520
QUOTIENT LTD	SHS	G73268107	810	110,000	SH		DFND	1	0	0	110,000
RADIUS HEALTH INC	COM NEW	750469207	1,651	36,500	SH		DFND	1	0	0	36,500
REGENERON PHARMACEUTICALS	COM	75886F107	13,801	28,100	SH		DFND	1	0	0	28,100
RESMED INC	COM	761152107	2,811	36,100	SH		DFND	1	0	0	36,100
SEATTLE GENETICS INC	COM	812578102	2,018	39,000	SH		DFND	1	0	0	39,000
SHIRE PLC	SPONSORED ADR	82481R106	8,906	53,885	SH		DFND	1	0	0	53,885
STRYKER CORP	COM	863667101	11,699	84,300	SH		DFND	1	0	0	84,300
SURGERY PARTNERS INC	COM	86881A100	705	31,000	SH		DFND	1	0	0	31,000
TABULA RASA HEALTHCARE INC	COM	873379101	555	36,907	SH		DFND	1	0	0	36,907
TELADOC INC	COM	87918A105	781	22,500	SH		DFND	1	0	0	22,500
TELEFLEX INC	COM	879369106	1,454	7,000	SH		DFND	1	0	0	7,000
TENET HEALTHCARE CORP	COM NEW	88033G407	6,353	328,506	SH		DFND	1	0	0	328,506
TESARO INC	COM	881569107	2,657	19,000	SH		DFND	1	0	0	19,000
TEVA PHARMACEUTICAL INDS LTD	SPONSORED ADR	881624209	9,479	285,329	SH		DFND	1	0	0	285,329
THERAVANCE BIOPHARMA INC	COM	G8807B106	575	14,428	SH		DFND	1	0	0	14,428
THERMO FISHER SCIENTIFIC INC	COM	883556102	2,547	14,600	SH		DFND	1	0	0	14,600
ULTRAGENYX PHARMACEUTICAL INC	COM	90400D108	1,615	42,000	SH		DFND	1	0	0	42,000
UNITED THERAPEUTICS CORP DEL	COM	91307C102	1,012	7,800	SH		DFND	1	0	0	7,800
UNITEDHEALTH GROUP INC	COM	91324P102	23,927	129,040	SH		DFND	1	0	0	129,040
VARIAN MED SYS INC	COM	92220P105	722	7,000	SH		DFND	1	0	0	7,000
VERTEX PHARMACEUTICALS INC	COM	92532F100	8,815	68,400	SH		DFND	1	0	0	68,400
WALGREENS BOOTS ALLIANCE INC	COM	931427108	14,556	185,872	SH		DFND	1	0	0	185,872
WEBMD HEALTH CORP	COM	94770V102	434	7,400	SH		DFND	1	0	0	7,400
WRIGHT MED GROUP NV	ORD SHS 0.03 PAR	N96617118	9,238	336,055	SH		DFND	1	0	0	336,055
ZIMMER BIOMET HLDGS INC	COM	98956P102	11,299	88,000	SH		DFND	1	0	0	88,000