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
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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
ABBOTT LABS	COM	002824100	56,246	766,710	SH		DFND	1	0	0	766,710
ABIOMED INC	COM	003654100	14,902	33,135	SH		DFND	1	0	0	33,135
ACADIA PHARMACEUTICALS INC	COM	004225108	1,183	57,000	SH		DFND	1	0	0	57,000
ACCELERON PHARMA INC	COM	00434H108	927	16,200	SH		DFND	1	0	0	16,200
ADAPTIMMUNE THERAPEUTICS PLC	SPONDS ADR	00653A107	794	58,535	SH		DFND	1	0	0	58,535
AETNA INC NEW	COM	00817Y108	1,440	7,100	SH		DFND	1	0	0	7,100
AGIOS PHARMACEUTICALS INC	COM	00847X104	1,532	19,861	SH		DFND	1	0	0	19,861
AKCEA THERAPEUTICS INC	COM	00972L107	14,656	418,496	SH		DFND	1	0	0	418,496
ALDER BIOPHARMACEUTICALS INC	COM	014339105	15,072	905,254	SH		DFND	1	0	0	905,254
ALEXION PHARMACEUTICALS INC	COM	015351109	25,450	183,080	SH		DFND	1	0	0	183,080
ALIGN TECHNOLOGY INC	COM	016255101	57,239	146,310	SH		DFND	1	0	0	146,310
ALLERGAN PLC	SHS	G0177J108	2,476	13,000	SH		DFND	1	0	0	13,000
ALNYLAM PHARMACEUTICALS INC	COM	02043Q107	19,245	219,891	SH		DFND	1	0	0	219,891
AMEDISYS INC	COM	023436108	3,149	25,204	SH		DFND	1	0	0	25,204
AMERISOURCEBERGEN CORP	COM	03073E105	22,027	238,853	SH		DFND	1	0	0	238,853
AMGEN INC	COM	031162100	7,659	36,950	SH		DFND	1	0	0	36,950
AMNEAL PHARMACEUTICALS INC	COM STK CL A	03168L105	2,108	95,000	SH		DFND	1	0	0	95,000
ANGIODYNAMICS INC	COM	03475V101	1,646	75,700	SH		DFND	1	0	0	75,700
ANTHEM INC	COM	036752103	61,439	224,188	SH		DFND	1	0	0	224,188
ARENA PHARMACEUTICALS INC	COM NEW	040047607	1,418	30,817	SH		DFND	1	0	0	30,817
BAXTER INTL INC	COM	071813109	20,301	263,348	SH		DFND	1	0	0	263,348
BECTON DICKINSON & CO	COM	075887109	27,513	105,413	SH		DFND	1	0	0	105,413
BEIGENE LTD	SPONSORED ADR	07725L102	2,001	11,620	SH		DFND	1	0	0	11,620
BIOGEN INC	COM	09062X103	13,866	39,245	SH		DFND	1	0	0	39,245
BIOMARIN PHARMACEUTICAL INC	COM	09061G101	4,642	47,869	SH		DFND	1	0	0	47,869
BLUEBIRD BIO INC	COM	09609G100	1,664	11,400	SH		DFND	1	0	0	11,400
BOSTON SCIENTIFIC CORP	COM	101137107	37,689	978,929	SH		DFND	1	0	0	978,929
BRISTOL MYERS SQUIBB CO	COM	110122108	21,215	341,729	SH		DFND	1	0	0	341,729
CAREDX INC	COM	14167l103	9,724	337,049	SH		DFND	1	0	0	337,049
CASTLIGHT HEALTH INC	CL B	14862Q100	2,400	888,842	SH		DFND	1	0	0	888,842
CELGENE CORP	COM	151020104	54,231	606,000	SH		DFND	1	0	0	606,000
CELLECTIS S A	SPONSORED ADS	15117K103	1,400	49,600	SH		DFND	1	0	0	49,600
CENTENE CORP DEL	COM	15135B101	31,565	218,021	SH		DFND	1	0	0	218,021
CERNER CORP	COM	156782104	3,810	59,146	SH		DFND	1	0	0	59,146
CIGNA CORPORATION	COM	125509109	35,291	169,463	SH		DFND	1	0	0	169,463
COHERUS BIOSCIENCES INC	COM	19249H103	3,563	215,935	SH		DFND	1	0	0	215,935
COOPER COS INC	COM NEW	216648402	6,322	22,811	SH		DFND	1	0	0	22,811
CVS HEALTH CORP	COM	126650100	630	8,000	SH		DFND	1	0	0	8,000
DANAHER CORP DEL	COM	235851102	27,493	253,016	SH		DFND	1	0	0	253,016
DENTSPLY SIRONA INC	COM	24906P109	4,185	110,878	SH		DFND	1	0	0	110,878
DEXCOM INC	COM	252131107	10,248	71,647	SH		DFND	1	0	0	71,647
EAGLE PHARMACEUTICALS INC	COM	269796108	1,248	18,000	SH		DFND	1	0	0	18,000
EDWARDS LIFESCIENCES CORP	COM	28176E108	44,105	253,333	SH		DFND	1	0	0	253,333
ENDO INTL PLC	SHS	G30401106	3,659	217,392	SH		DFND	1	0	0	217,392
ESPERION THERAPEUTICS INC NEW	COM	29664W105	17,386	391,852	SH		DFND	1	0	0	391,852
EXPRESS SCRIPTS HLDG CO	COM	30219G108	4,228	44,500	SH		DFND	1	0	0	44,500
FITBIT INC	CL A	33812L102	13,449	2,513,900	SH		DFND	1	0	0	2,513,900
GENMARK DIAGNOSTICS INC	COM	372309104	9,845	1,339,502	SH		DFND	1	0	0	1,339,502
GILEAD SCIENCES INC	COM	375558103	10,616	137,500	SH		DFND	1	0	0	137,500
GLOBUS MED INC	CL A	379577208	8,585	151,251	SH		DFND	1	0	0	151,251
GW PHARMACEUTICALS PLC	ADS	36197T103	1,145	6,629	SH		DFND	1	0	0	6,629
HCA HEALTHCARE INC	COM	40412C101	5,132	36,888	SH		DFND	1	0	0	36,888
HEALTHCARE SVCS GRP INC	COM	421906108	609	15,000	SH		DFND	1	0	0	15,000
SCHEIN HENRY INC	COM	806407102	4,368	51,368	SH		DFND	1	0	0	51,368
HILL ROM HLDGS INC	COM	431475102	17,529	185,689	SH		DFND	1	0	0	185,689
HMS HLDGS CORP	COM	40425J101	7,449	227,020	SH		DFND	1	0	0	227,020
HOLOGIC INC	COM	436440101	14,830	361,894	SH		DFND	1	0	0	361,894
HORIZON PHARMA PLC	SHS	G4617B105	4,340	221,678	SH		DFND	1	0	0	221,678
HUMANA INC	COM	444859102	33,348	98,510	SH		DFND	1	0	0	98,510
HUTCHISON CHINA MEDITECH LTD	SPONSORED ADR	44842L103	12,877	400,029	SH		DFND	1	0	0	400,029
IDEXX LABS INC	COM	45168D104	6,068	24,307	SH		DFND	1	0	0	24,307
ILLUMINA INC	COM	452327109	54,217	147,707	SH		DFND	1	0	0	147,707
INCYTE CORP	COM	45337C102	3,616	52,350	SH		DFND	1	0	0	52,350
INOGEN INC	COM	45780L104	5,678	23,261	SH		DFND	1	0	0	23,261
INSMED INC	COM PAR $.01	457669307	11,451	566,301	SH		DFND	1	0	0	566,301
INSPIRE MED SYS INC	COM	457730109	3,816	90,696	SH		DFND	1	0	0	90,696
INSULET CORP	COM	45784P101	1,907	18,000	SH		DFND	1	0	0	18,000
INTEGRA LIFESCIENCES HLDGS C	COM NEW	457985208	9,329	141,620	SH		DFND	1	0	0	141,620
INTELLIA THERAPEUTICS INC	COM	45826J105	470	16,434	SH		DFND	1	0	0	16,434
INTERCEPT PHARMACEUTICALS IN	COM	45845P108	3,051	24,148	SH		DFND	1	0	0	24,148
INTERSECT ENT INC	COM	46071F103	6,734	234,227	SH		DFND	1	0	0	234,227
INTRA CELLULAR THERAPIES INC	COM	46116X101	1,185	54,600	SH		DFND	1	0	0	54,600
INTUITIVE SURGICAL INC	COM NEW	46120E602	50,436	87,868	SH		DFND	1	0	0	87,868
IONIS PHARMACEUTICALS INC	COM	462222100	16,017	310,536	SH		DFND	1	0	0	310,536
IOVANCE BIOTHERAPEUTICS INC	COM	462260100	281	25,000	SH		DFND	1	0	0	25,000
IRHYTHM TECHNOLOGIES INC	COM	450056106	6,594	69,661	SH		DFND	1	0	0	69,661
IRONWOOD PHARMACEUTICALS INC	COM CL A	46333X108	1,466	79,400	SH		DFND	1	0	0	79,400
ISHARES TR	NASDAQ BIOTECH	464287556	3,414	28,000	SH		DFND	1	0	0	28,000
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	35,939	213,758	SH		DFND	1	0	0	213,758
JOHNSON & JOHNSON	COM	478160104	2,763	20,000	SH		DFND	1	0	0	20,000
K2M GROUP HLDGS INC	COM	48273J107	15,110	552,054	SH		DFND	1	0	0	552,054
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	16,333	94,040	SH		DFND	1	0	0	94,040
LIGAND PHARMACEUTICALS INC	COM NEW	53220K504	3,094	11,270	SH		DFND	1	0	0	11,270
LIVANOVA PLC	SHS	G5509L101	14,435	116,443	SH		DFND	1	0	0	116,443
MACROGENICS INC	COM	556099109	15,529	724,302	SH		DFND	1	0	0	724,302
MASIMO CORP	COM	574795100	2,426	19,476	SH		DFND	1	0	0	19,476
MATERIALISE NV	SPONSORED ADS	57667T100	2,908	210,731	SH		DFND	1	0	0	210,731
MCKESSON CORP	COM	58155Q103	1,128	8,503	SH		DFND	1	0	0	8,503
MEDIDATA SOLUTIONS INC	COM	58471A105	2,706	36,907	SH		DFND	1	0	0	36,907
MEDTRONIC PLC	SHS	G5960L103	48,835	496,446	SH		DFND	1	0	0	496,446
MERCK & CO INC	COM	58933Y105	887	12,500	SH		DFND	1	0	0	12,500
MIRATI THERAPEUTICS INC	COM	60468T105	1,178	25,000	SH		DFND	1	0	0	25,000
MOLINA HEALTHCARE INC	COM	60855R100	7,506	50,478	SH		DFND	1	0	0	50,478
MYLAN N V	SHS EURO	N59465109	20,692	565,350	SH		DFND	1	0	0	565,350
NEKTAR THERAPEUTICS	COM	640268108	3,384	55,520	SH		DFND	1	0	0	55,520
NEUROCRINE BIOSCIENCES INC	COM	64125C109	5,109	41,550	SH		DFND	1	0	0	41,550
NEURONETICS INC	COM	64131A105	3,588	111,907	SH		DFND	1	0	0	111,907
NEVRO CORP	COM	64157F103	4,584	80,415	SH		DFND	1	0	0	80,415
OMNICELL INC	COM	68213N109	7,524	104,650	SH		DFND	1	0	0	104,650
OXFORD IMMUNOTEC GLOBAL PLC	ORD SHS	G6855A103	3,600	221,837	SH		DFND	1	0	0	221,837
PACIFIC BIOSCIENCES OF CALIF INC	COM	69404D108	13,931	2,575,000	SH		DFND	1	0	0	2,575,000
PENUMBRA INC	COM	70975L107	2,866	19,142	SH		DFND	1	0	0	19,142
PFIZER INC	COM	717081103	1,287	29,200	SH		DFND	1	0	0	29,200
PORTOLA PHARMACEUTICALS INC	COM	737010108	710	26,650	SH		DFND	1	0	0	26,650
PRA HEALTH SCIENCES INC	COM	69354M108	18,336	166,400	SH		DFND	1	0	0	166,400
PREMIER INC	CL A	74051N102	691	15,100	SH		DFND	1	0	0	15,100
PTC THERAPEUTICS INC	COM	69366J200	1,058	22,500	SH		DFND	1	0	0	22,500
QIAGEN NV	SHS NEW	N72482123	5,083	134,189	SH		DFND	1	0	0	134,189
QUANTERIX CORP	COM	74766Q101	6,709	313,230	SH		DFND	1	0	0	313,230
QUOTIENT LTD	SHS	G73268107	5,450	721,858	SH		DFND	1	0	0	721,858
REGENERON PHARMACEUTICALS	COM	75886F107	10,295	25,480	SH		DFND	1	0	0	25,480
REGENXBIO INC	COM	75901B107	1,759	23,300	SH		DFND	1	0	0	23,300
RESMED INC	COM	761152107	10,749	93,192	SH		DFND	1	0	0	93,192
SAGE THERAPEUTICS INC	COM	78667J108	1,582	11,200	SH		DFND	1	0	0	11,200
SAREPTA THERAPEUTICS INC	COM	803607100	2,116	13,100	SH		DFND	1	0	0	13,100
SEATTLE GENETICS INC	COM	812578102	3,621	46,950	SH		DFND	1	0	0	46,950
SHIRE PLC	SPONSORED ADR	82481R106	11,635	64,185	SH		DFND	1	0	0	64,185
STRYKER CORP	COM	863667101	25,120	141,380	SH		DFND	1	0	0	141,380
SUPERNUS PHARMACEUTICALS INC	COM	868459108	19,460	386,500	SH		DFND	1	0	0	386,500
SYNEOS HEALTH INC	CL A	87166B102	1,348	26,156	SH		DFND	1	0	0	26,156
TABULA RASA HEALTHCARE INC	COM	873379101	7,054	86,884	SH		DFND	1	0	0	86,884
TANDEM DIABETES CARE INC	COM NEW	875372203	4,164	97,195	SH		DFND	1	0	0	97,195
TELADOC HEALTH INC	COM	87918A105	50,646	586,520	SH		DFND	1	0	0	586,520
TELEFLEX INC	COM	879369106	4,734	17,792	SH		DFND	1	0	0	17,792
TESARO INC	COM	881569107	1,504	38,550	SH		DFND	1	0	0	38,550
TEVA PHARMACEUTICAL INDS LTD	SPONSORED ADR	881624209	1,292	60,000	SH		DFND	1	0	0	60,000
THERMO FISHER SCIENTIFIC INC	COM	883556102	8,414	34,471	SH		DFND	1	0	0	34,471
ULTRAGENYX PHARMACEUTICAL INC	COM	90400D108	2,431	31,850	SH		DFND	1	0	0	31,850
UNITEDHEALTH GROUP INC	COM	91324P102	32,949	123,848	SH		DFND	1	0	0	123,848
UNIQURE NV	SHS	N90064101	724	19,900	SH		DFND	1	0	0	19,900
VARIAN MED SYS INC	COM	92220P105	705	6,300	SH		DFND	1	0	0	6,300
VEEVA SYS INC	CL A COM	922475108	3,559	32,691	SH		DFND	1	0	0	32,691
VERTEX PHARMACEUTICALS INC	COM	92532F100	7,805	40,494	SH		DFND	1	0	0	40,494
VOYAGER THERAPEUTICS INC	COM	92915B106	822	43,422	SH		DFND	1	0	0	43,422
WALGREENS BOOTS ALLIANCE INC	COM	931427108	16,477	226,018	SH		DFND	1	0	0	226,018
WELLCARE HEALTH PLANS INC	COM	94946T106	9,060	28,269	SH		DFND	1	0	0	28,269
WRIGHT MED GROUP NV	ORD SHS 0.03 PAR	N96617118	18,071	622,692	SH		DFND	1	0	0	622,692
ZIMMER BIOMET HLDGS INC	COM	98956P102	12,109	92,104	SH		DFND	1	0	0	92,104