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	447	45,000	SH		DFND	1	0	0	45,000
ABBOTT LABS	COM	002824100	26,840	503,000	SH		DFND	1	0	0	503,000
ABBVIE INC	COM	00287Y109	9,131	102,777	SH		DFND	1	0	0	102,777
ABIOMED INC	COM	003654100	14,350	85,110	SH		DFND	1	0	0	85,110
ACADIA HEALTHCARE COMPANY IN	COM	00404A109	1,481	31,000	SH		DFND	1	0	0	31,000
ACADIA PHARMACEUTICALS INC	COM	004225108	4,407	117,000	SH		DFND	1	0	0	117,000
ADAMAS PHARMACEUTICALS INC	COM	00548A106	508	24,000	SH		DFND	1	0	0	24,000
AETNA INC NEW	COM	00817Y108	9,016	56,700	SH		DFND	1	0	0	56,700
AGIOS PHARMACEUTICALS INC	COM	00847X104	3,004	45,000	SH		DFND	1	0	0	45,000
ALDER BIOPHARMACEUTICALS INC	COM	014339105	404	33,000	SH		DFND	1	0	0	33,000
ALEXION PHARMACEUTICALS INC	COM	015351109	12,065	86,000	SH		DFND	1	0	0	86,000
ALIGN TECHNOLOGY INC	COM	016255101	35,890	192,746	SH		DFND	1	0	0	192,746
ALKERMES PLC	SHS	G01767105	2,852	56,100	SH		DFND	1	0	0	56,100
ALLERGAN PLC	SHS	G0177J108	4,201	20,500	SH		DFND	1	0	0	20,500
ALNYLAM PHARMACEUTICALS INC	COM	02043Q107	8,878	75,593	SH		DFND	1	0	0	75,593
AMERISOURCEBERGEN CORP	COM	03073E105	16,384	197,991	SH		DFND	1	0	0	197,991
AMGEN INC	COM	031162100	37,023	198,645	SH		DFND	1	0	0	198,645
ANGIODYNAMICS INC	COM	03475V101	1,738	101,700	SH		DFND	1	0	0	101,700
ANTHEM INC	COM	036752103	32,490	171,143	SH		DFND	1	0	0	171,143
AURIS MED HLDG AG	COM	H03579101	1,779	2,169,625	SH		DFND	1	0	0	2,169,625
BARD C R INC	COM	067383109	7,288	22,740	SH		DFND	1	0	0	22,740
BAXTER INTL INC	COM	071813109	13,554	216,000	SH		DFND	1	0	0	216,000
BECTON DICKINSON & CO	COM	075887109	10,777	55,000	SH		DFND	1	0	0	55,000
BIOGEN INC	COM	09062X103	18,443	58,900	SH		DFND	1	0	0	58,900
BIOMARIN PHARMACEUTICAL INC	COM	09061G101	4,542	48,800	SH		DFND	1	0	0	48,800
BIOVERATIV INC	COM	09075E100	1,298	22,750	SH		DFND	1	0	0	22,750
BLUEBIRD BIO INC	COM	09609G100	3,447	25,100	SH		DFND	1	0	0	25,100
BOSTON SCIENTIFIC CORP	COM	101137107	20,302	696,000	SH		DFND	1	0	0	696,000
CARDINAL HEALTH INC	COM	14149Y108	1,338	20,000	SH		DFND	1	0	0	20,000
CELGENE CORP	COM	151020104	48,461	332,369	SH		DFND	1	0	0	332,369
CELLDEX THERAPEUTICS INC NEW	COM	15117B103	458	160,000	SH		DFND	1	0	0	160,000
CEMPRA INC	COM	15130J109	536	165,000	SH		DFND	1	0	0	165,000
CENTENE CORP DEL	COM	15135B101	11,509	118,930	SH		DFND	1	0	0	118,930
CERNER CORP	COM	156782104	5,313	74,500	SH		DFND	1	0	0	74,500
CIGNA CORPORATION	COM	125509109	8,908	47,650	SH		DFND	1	0	0	47,650
CLOVIS ONCOLOGY INC	COM	189464100	1,524	18,500	SH		DFND	1	0	0	18,500
COOPER COS INC	COM NEW	216648402	5,691	24,000	SH		DFND	1	0	0	24,000
COTIVITI HLDGS INC	COM	22164K101	781	21,708	SH		DFND	1	0	0	21,708
CVS HEALTH CORP	COM	126650100	716	8,800	SH		DFND	1	0	0	8,800
DANAHER CORP DEL	COM	235851102	13,622	158,800	SH		DFND	1	0	0	158,800
DENTSPLY SIRONA INC	COM	24906P109	3,260	54,500	SH		DFND	1	0	0	54,500
DEXCOM INC	COM	252131107	2,202	45,000	SH		DFND	1	0	0	45,000
DYNAVAX TECHNOLOGIES CORP	COM NEW	268158201	1,279	59,500	SH		DFND	1	0	0	59,500
EAGLE PHARMACEUTICALS INC	COM	269796108	4,864	81,550	SH		DFND	1	0	0	81,550
EDWARDS LIFESCIENCES CORP	COM	28176E108	22,503	205,860	SH		DFND	1	0	0	205,860
ENDO INTL PLC	SHS	G30401106	985	115,000	SH		DFND	1	0	0	115,000
ENVISION HEALTHCARE CORP	COM	29414D100	586	13,026	SH		DFND	1	0	0	13,026
ESPERION THERAPEUTICS INC NEW	COM	29664W105	401	8,000	SH		DFND	1	0	0	8,000
EXELIXIS INC	COM	30161Q104	1,260	52,000	SH		DFND	1	0	0	52,000
EXPRESS SCRIPTS HLDG CO	COM	30219G108	3,134	49,500	SH		DFND	1	0	0	49,500
GENMARK DIAGNOSTICS INC	COM	372309104	5,043	523,677	SH		DFND	1	0	0	523,677
GILEAD SCIENCES INC	COM	375558103	32,610	402,541	SH		DFND	1	0	0	402,541
GLAUKOS CORP	COM	377322102	990	30,000	SH		DFND	1	0	0	30,000
GLOBUS MED INC	CL A	379577208	1,635	55,000	SH		DFND	1	0	0	55,000
GW PHARMACEUTICALS PLC	ADS	36197T103	609	6,000	SH		DFND	1	0	0	6,000
HALOZYME THERAPEUTICS INC	COM	40637H109	1,522	87,600	SH		DFND	1	0	0	87,600
HCA HEALTHCARE INC	COM	40412C101	1,695	21,300	SH		DFND	1	0	0	21,300
HEALTHCARE SVCS GRP INC	COM	421906108	2,051	38,000	SH		DFND	1	0	0	38,000
SCHEIN HENRY INC	COM	806407102	3,116	38,000	SH		DFND	1	0	0	38,000
HILL ROM HLDGS INC	COM	431475102	12,575	169,939	SH		DFND	1	0	0	169,939
HMS HLDGS CORP	COM	40425J101	1,063	53,500	SH		DFND	1	0	0	53,500
HOLOGIC INC	COM	436440101	13,322	363,101	SH		DFND	1	0	0	363,101
HORIZON PHARMA PLC	SHS	G4617B105	6,173	486,463	SH		DFND	1	0	0	486,463
HUMANA INC	COM	444859102	7,638	31,350	SH		DFND	1	0	0	31,350
HUTCHISON CHINA MEDTECH LTD	SPONSORED ADR	44842L103	1,751	64,573	SH		DFND	1	0	0	64,573
ILLUMINA INC	COM	452327109	32,570	163,525	SH		DFND	1	0	0	163,525
IMPAX LABORATORIES INC	COM	45256B101	1,766	87,000	SH		DFND	1	0	0	87,000
INCYTE CORP	COM	45337C102	17,086	146,366	SH		DFND	1	0	0	146,366
INOVIO PHARMACEUTICALS INC	COM NEW	45773H201	913	144,000	SH		DFND	1	0	0	144,000
INSULET CORP	COM	45784P101	991	18,000	SH		DFND	1	0	0	18,000
INTEGRA LIFESCIENCES HLDGS C	COM NEW	457985208	8,927	176,850	SH		DFND	1	0	0	176,850
INTERCEPT PHARMACEUTICALS IN	COM	45845P108	493	8,500	SH		DFND	1	0	0	8,500
INTERSECT ENT INC	COM	46071F103	1,277	41,000	SH		DFND	1	0	0	41,000
INTRA CELLULAR THERAPIES INC	COM	46116X101	631	40,000	SH		DFND	1	0	0	40,000
INTUITIVE SURGICAL INC	COM NEW	46120E602	31,760	30,377	SH		DFND	1	0	0	30,377
IONIS PHARMACEUTICALS INC	COM	462222100	13,469	265,706	SH		DFND	1	0	0	265,706
IRHYTHM TECHNOLOGIES INC	COM	450056106	1,733	33,400	SH		DFND	1	0	0	33,400
ISHARES TR	NASDQ BIOTEC ETF	464287556	3,002	9,000	SH		DFND	1	0	0	9,000
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	16,856	115,252	SH		DFND	1	0	0	115,252
JOHNSON & JOHNSON	COM	478160104	4,095	31,500	SH		DFND	1	0	0	31,500
JUNO THERAPEUTICS INC	COM	48205A109	1,929	43,000	SH		DFND	1	0	0	43,000
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	8,255	54,680	SH		DFND	1	0	0	54,680
LIGAND PHARAMCEUTICALS INC	COM NEW	53220K504	6,631	48,700	SH		DFND	1	0	0	48,700
LILLY ELI & CO	COM	532457108	20,631	241,262	SH		DFND	1	0	0	241,262
LIVANOVA PLC	SHS	G5509L101	11,074	158,069	SH		DFND	1	0	0	158,069
MACROGENICS INC	COM	556099109	8,007	433,299	SH		DFND	1	0	0	433,299
MALLINCKRODT PUB LTD CO	SHS	G5785G107	8,596	229,983	SH		DFND	1	0	0	229,983
MASIMO CORP	COM	574795100	1,472	17,000	SH		DFND	1	0	0	17,000
MCKESSON CORP	COM	58155Q103	2,765	18,000	SH		DFND	1	0	0	18,000
MEDICINES CO	COM	584688105	722	19,500	SH		DFND	1	0	0	19,500
MEDTRONIC PLC	SHS	G5960L103	16,876	217,000	SH		DFND	1	0	0	217,000
MERCK & CO INC	COM	58933Y105	1,761	27,500	SH		DFND	1	0	0	27,500
MOLINA HEALTHCARE INC	COM	60855R100	2,991	43,500	SH		DFND	1	0	0	43,500
MYLAN N V	SHS EURO	N59465109	5,684	181,200	SH		DFND	1	0	0	181,200
MYRIAD GENETICS INC	COM	62855J104	470	13,000	SH		DFND	1	0	0	13,000
NEKTAR THERAPEUTICS	COM	640268108	2,952	123,000	SH		DFND	1	0	0	123,000
NEUROCRINE BIOSCIENCES INC	COM	64125C109	3,432	56,000	SH		DFND	1	0	0	56,000
NEVRO CORP	COM	64157F103	972	10,700	SH		DFND	1	0	0	10,700
NUVASIVE INC	COM	670704105	2,562	46,204	SH		DFND	1	0	0	46,204
OBALON THERAPEUTICS INC	COM	67424L100	457	48,000	SH		DFND	1	0	0	48,000
PENUMBRA INC	COM	70975L107	1,517	16,800	SH		DFND	1	0	0	16,800
PERRIGO CO PLC	SHS	G97822103	3,933	46,468	SH		DFND	1	0	0	46,468
PFIZER INC	COM	717081103	1,042	29,200	SH		DFND	1	0	0	29,200
PORTOLA PHARMACEUTICALS INC	COM	737010108	1,702	31,500	SH		DFND	1	0	0	31,500
PROTHENA CORP PLC	SHS	G72800108	2,422	37,400	SH		DFND	1	0	0	37,400
QIAGEN NV	SHS NEW	N72482123	1,941	61,611	SH		DFND	1	0	0	61,611
QUINTILES IMS HOLDING INC	COM	74876Y101	6,766	71,170	SH		DFND	1	0	0	71,170
QUOTIENT LTD	SHS	G73268107	542	110,000	SH		DFND	1	0	0	110,000
RADIUS HEALTH INC	COM NEW	750469207	1,407	36,500	SH		DFND	1	0	0	36,500
REGENERON PHARMACEUTICALS	COM	75886F107	13,503	30,200	SH		DFND	1	0	0	30,200
RESMED INC	COM	761152107	3,617	47,000	SH		DFND	1	0	0	47,000
SEATTLE GENETICS INC	COM	812578102	2,448	45,000	SH		DFND	1	0	0	45,000
SHIRE PLC	SPONSORED ADR	82481R106	6,499	42,440	SH		DFND	1	0	0	42,440
STRYKER CORP	COM	863667101	11,972	84,300	SH		DFND	1	0	0	84,300
SURGERY PARTNERS INC	COM	86881A100	321	31,000	SH		DFND	1	0	0	31,000
TABULA RASA HEALTHCARE INC	COM	873379101	1,482	55,407	SH		DFND	1	0	0	55,407
TELADOC INC	COM	87918A105	1,558	47,000	SH		DFND	1	0	0	47,000
TELEFLEX INC	COM	879369106	2,468	10,200	SH		DFND	1	0	0	10,200
TENET HEALTHCARE CORP	COM NEW	88033G407	10,128	616,796	SH		DFND	1	0	0	616,796
TESARO INC	COM	881569107	1,420	11,000	SH		DFND	1	0	0	11,000
TEVA PHARMACEUTICAL INDS LTD	SPONSORED ADR	881624209	10,236	581,940	SH		DFND	1	0	0	581,940
THERAVANCE BIOPHARMA INC	COM	G8807B106	494	14,428	SH		DFND	1	0	0	14,428
THERMO FISHER SCIENTIFIC INC	COM	883556102	4,883	25,808	SH		DFND	1	0	0	25,808
ULTRAGENYX PHARMACEUTICAL INC	COM	90400D108	2,237	42,000	SH		DFND	1	0	0	42,000
UNITED THERAPEUTICS CORP DEL	COM	91307C102	2,531	21,600	SH		DFND	1	0	0	21,600
UNITEDHEALTH GROUP INC	COM	91324P102	26,688	136,270	SH		DFND	1	0	0	136,270
VARIAN MED SYS INC	COM	92220P105	700	7,000	SH		DFND	1	0	0	7,000
VERTEX PHARMACEUTICALS INC	COM	92532F100	9,092	59,800	SH		DFND	1	0	0	59,800
WALGREENS BOOTS ALLIANCE INC	COM	931427108	20,224	262,060	SH		DFND	1	0	0	262,060
WRIGHT MED GROUP NV	ORD SHS 0.03 PAR	N96617118	14,016	541,801	SH		DFND	1	0	0	541,801
ZIMMER BIOMET HLDGS INC	COM	98956P102	10,889	93,000	SH		DFND	1	0	0	93,000