BI Asset Management Fondsmaeglerselskab A/S 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
AMERICAN ELEC PWR CO INC COM	COM	025537101	551	6,913	SH		DFND		6,913	0	0
BIOGEN INC COM	COM	09062X103	10,643	39,779	SH		DFND		39,779	0	0
CORNING INC COM	COM	219350105	550	21,241	SH		DFND		21,241	0	0
DUKE ENERGY CORP NEW COM NEW	NEW COM NEW	26441C204	1,857	23,249	SH		DFND		23,249	0	0
ERIE INDTY CO CL A	CL A	29530P102	1,398	7,283	SH		DFND		7,283	0	0
GILEAD SCIENCES INC COM	COM	375558103	6,927	90,030	SH		DFND		90,030	0	0
HOME DEPOT INC COM	COM	437076102	5,277	21,064	SH		DFND		21,064	0	0
QUEST DIAGNOSTICS INC COM	COM	74834L100	1,429	12,536	SH		DFND		12,536	0	0
TEXAS INSTRS INC COM	COM	882508104	6,262	49,319	SH		DFND		49,319	0	0
VISTRA ENERGY CORP COM	COM	92840M102	3,708	199,131	SH		DFND		199,131	0	0
RKSHIRE HATHAWAY INC DEL CL A	CL A	084670108	2,673	10	SH		DFND		10	0	0
CLOROX CO DEL COM	COM	189054109	9,619	43,849	SH		DFND		43,849	0	0
COCA COLA CO COM	COM	191216100	24,017	537,544	SH		DFND		511,266	0	26,278
COLGATE PALMOLIVE CO COM	COM	194162103	7,392	100,902	SH		DFND		100,902	0	0
EXPEDITORS INTL WASH INC COM	COM	302130109	3,340	43,923	SH		DFND		43,923	0	0
HALLIBURTON CO COM	COM	406216101	1,009	77,740	SH		DFND		77,740	0	0
HUBBELL INC COM	COM	443510607	283	2,257	SH		DFND		2,257	0	0
LPL FINL HLDGS INC COM	COM	50212V100	1,939	24,735	SH		DFND		24,735	0	0
QUANTA SVCS INC COM	COM	74762E102	180	4,601	SH		DFND		4,601	0	0
TERRAFORM PWR INC COM CL A	COM CL A	88104R209	1,155	62,609	SH		DFND		62,609	0	0
CMS ENERGY CORP COM	COM	125896100	22,914	392,229	SH		DFND		370,343	0	21,886
EMCOR GROUP INC COM	COM	29084Q100	161	2,434	SH		DFND		2,434	0	0
HORMEL FOODS CORP COM	COM	440452100	2,499	51,770	SH		DFND		51,770	0	0
MGIC INVT CORP WIS COM	COM	552848103	157	19,184	SH		DFND		19,184	0	0
MICROSOFT CORP COM	COM	594918104	72,684	357,153	SH		DFND		357,153	0	0
NUTRIEN LTD COM	COM	67077M108	565	17,601	SH		DFND		17,601	0	0
S&P GLOBAL INC COM	COM	78409V104	6,239	18,935	SH		DFND		18,935	0	0
T-MOBILE US INC COM	COM	872590104	1,263	12,130	SH		DFND		12,130	0	0
TARGET CORP COM	COM	87612E106	3,420	28,517	SH		DFND		28,517	0	0
TESLA INC COM	COM	88160R101	3,558	3,295	SH		DFND		3,295	0	0
THOMSON REUTERS CORP. COM NEW	COM NEW	884903709	2,359	34,835	SH		DFND		34,835	0	0
TRAVELERS COMPANIES INC COM	COM	89417E109	32,070	281,190	SH		DFND		265,179	0	16,011
WATERS CORP COM	COM	941848103	783	4,339	SH		DFND		4,339	0	0
WESTERN UN CO COM	COM	959802109	2,493	115,299	SH		DFND		115,299	0	0
CHECK POINT SOFTWARE TECH LT ORD	ORD	M22465104	1,439	13,391	SH		DFND		13,391	0	0
ABIOMED INC COM	COM	003654100	2,202	9,116	SH		DFND		9,116	0	0
ALCOA CORP COM	COM	013872106	444	39,545	SH		DFND		39,545	0	0
AUTOHOME INC SP ADR RP CL A	CL A	05278C107	971	12,859	SH		DFND		12,859	0	0
AVERY DENNISON CORP COM	COM	053611109	25,530	223,769	SH		DFND		212,437	0	11,332
BLOCK H & R INC COM	COM	093671105	1,881	131,692	SH		DFND		131,692	0	0
CAE INC COM	COM	124765108	326	20,157	SH		DFND		20,157	0	0
CINTAS CORP COM	COM	172908105	2,198	8,252	SH		DFND		8,252	0	0
ELECTRONIC ARTS INC COM	COM	285512109	897	6,792	SH		DFND		6,792	0	0
INTERPUBLIC GROUP COS INC COM	COM	460690100	1,841	107,265	SH		DFND		107,265	0	0
INTUIT COM	COM	461202103	1,601	5,405	SH		DFND		5,405	0	0
JOHNSON & JOHNSON COM	COM	478160104	29,375	208,878	SH		DFND		197,504	0	11,374
MASCO CORP COM	COM	574599106	3,775	75,184	SH		DFND		75,184	0	0
MAXIMUS INC COM	COM	577933104	2,844	40,368	SH		DFND		40,368	0	0
NEWMONT CORP COM	COM	651639106	7,404	119,922	SH		DFND		119,922	0	0
SYSCO CORP COM	COM	871829107	8,923	163,238	SH		DFND		163,238	0	0
TJX COS INC NEW COM	COM	872540109	7,293	144,254	SH		DFND		144,254	0	0
TELUS CORPORATION COM	COM	87971M103	1,480	88,515	SH		DFND		88,515	0	0
VARIAN MED SYS INC COM	COM	92220P105	823	6,718	SH		DFND		6,718	0	0
WHEATON PRECIOUS METALS CORP COM	COM	962879102	2,011	45,649	SH		DFND		45,649	0	0
ADVANCED MICRO DEVICES INC COM	COM	007903107	2,320	44,098	SH		DFND		44,098	0	0
BANK NOVA SCOTIA B C COM	COM	064149107	1,003	24,313	SH		DFND		24,313	0	0
DOCUSIGN INC COM	COM	256163106	715	4,153	SH		DFND		4,153	0	0
EXELIXIS INC COM	COM	30161Q104	888	37,390	SH		DFND		37,390	0	0
FIRST REP BK SAN FRANCISCO C COM	COM	33616C100	4,476	42,235	SH		DFND		42,235	0	0
HEALTHPEAK PROPERTIES INC COM	COM	42250P103	679	24,637	SH		DFND		24,637	0	0
LENNOX INTL INC COM	COM	526107107	94	404	SH		DFND		404	0	0
MANULIFE FINL CORP COM	COM	56501R106	1,034	76,284	SH		DFND		76,284	0	0
NATIONAL OILWELL VARCO INC COM	COM	637071101	1,185	96,775	SH		DFND		96,775	0	0
ORACLE CORP COM	COM	68389X105	6,772	122,519	SH		DFND		122,519	0	0
PAYPAL HLDGS INC COM	COM	70450Y103	3,900	22,383	SH		DFND		22,383	0	0
ROYAL GOLD INC COM	COM	780287108	95	763	SH		DFND		763	0	0
SAREPTA THERAPEUTICS INC COM	COM	803607100	834	5,201	SH		DFND		5,201	0	0
SNAP ON INC COM	COM	833034101	2,516	18,167	SH		DFND		18,167	0	0
ALEXANDRIA REAL ESTATE EQ IN COM	COM	015271109	691	4,259	SH		DFND		4,259	0	0
ANTHEM INC COM	COM	036752103	28,387	107,942	SH		DFND		103,224	0	4,718
BLE ONE INC COM	COM	12685J105	857	483	SH		DFND		483	0	0
CUMMINS INC COM	COM	231021106	8,202	47,337	SH		DFND		47,337	0	0
EASTMAN CHEM CO COM	COM	277432100	806	11,571	SH		DFND		11,571	0	0
ILLINOIS TOOL WKS INC COM	COM	452308109	5,554	31,764	SH		DFND		31,764	0	0
INTEL CORP COM	COM	458140100	16,617	277,735	SH		DFND		277,735	0	0
MURPHY OIL CORP COM	COM	626717102	1,504	109,011	SH		DFND		109,011	0	0
VAIL RESORTS INC COM	COM	91879Q109	408	2,241	SH		DFND		2,241	0	0
VENTAS INC COM	COM	92276F100	474	12,944	SH		DFND		12,944	0	0
VISA INC COM CL A	CL A	92826C839	24,744	128,097	SH		DFND		128,097	0	0
WNS HLDGS LTD SPON ADR	SPON ADR	92932M101	1,549	28,175	SH		DFND		28,175	0	0
FTI CONSULTING INC COM	COM	302941109	613	5,350	SH		DFND		5,350	0	0
FACEBOOK INC CL A	CL A	30303M102	6,477	28,526	SH		DFND		28,526	0	0
HOLLYFRONTIER CORP COM	COM	436106108	661	22,652	SH		DFND		22,652	0	0
INTERCONTINENTAL EXCHANGE IN COM	COM	45866F104	12,971	141,607	SH		DFND		141,607	0	0
INTL PAPER CO COM	COM	460146103	902	25,607	SH		DFND		25,607	0	0
KAR AUCTION SVCS INC COM	COM	48238T109	419	30,447	SH		DFND		30,447	0	0
MACYS INC COM	COM	55616P104	407	59,201	SH		DFND		59,201	0	0
MOHAWK INDS INC COM	COM	608190104	1,646	16,175	SH		DFND		16,175	0	0
MOLSON COORS BEVERAGE CO CL B	CL B	60871R209	2,883	83,918	SH		DFND		83,918	0	0
NRG ENERGY INC COM NEW	COM NEW	629377508	2,381	73,112	SH		DFND		73,112	0	0
NORTONLIFELOCK INC COM	COM	668771108	5,059	255,120	SH		DFND		255,120	0	0
PUBLIC STORAGE COM	COM	74460D109	1,281	6,678	SH		DFND		6,678	0	0
REGIONS FINANCIAL CORP NEW COM	COM	7591EP100	316	28,438	SH		DFND		28,438	0	0
SCHLUMBERGER LTD COM	COM	806857108	2,222	120,803	SH		DFND		120,803	0	0
TRACTOR SUPPLY CO COM	COM	892356106	25,035	189,965	SH		DFND		180,128	0	9,837
ULTA BEAUTY INC COM	COM	90384S303	950	4,671	SH		DFND		4,671	0	0
XYLEM INC COM	COM	98419M100	564	8,675	SH		DFND		8,675	0	0
ALIBABA GROUP HLDG LTD SPONSORED ADS	SPONSORED ADS	01609W102	60,599	280,943	SH		DFND		280,943	0	0
BOOKING HOLDINGS INC COM	COM	09857L108	6,678	4,194	SH		DFND		4,194	0	0
FASTENAL CO COM	COM	311900104	7,169	167,354	SH		DFND		167,354	0	0
MARSH & MCLENNAN COS INC COM	COM	571748102	2,303	21,449	SH		DFND		21,449	0	0
MASTEC INC COM	COM	576323109	1,063	23,699	SH		DFND		23,699	0	0
MOBILE TELESYSTEMS PJSC SPONSORED ADR	SPONSORED ADR	607409109	3,957	430,534	SH		DFND		430,534	0	0
NASDAQ INC COM	COM	631103108	3,676	30,768	SH		DFND		30,768	0	0
SALESFORCE COM INC COM	COM	79466L302	3,961	21,146	SH		DFND		21,146	0	0
TIFFANY & CO NEW COM	COM	886547108	575	4,712	SH		DFND		4,712	0	0
URBAN OUTFITTERS INC COM	COM	917047102	257	16,918	SH		DFND		16,918	0	0
ADVANCED DRAIN SYS INC DEL COM	COM	00790R104	1,670	33,803	SH		DFND		33,803	0	0
DELEK US HLDGS INC NEW COM	COM	24665A103	709	40,731	SH		DFND		40,731	0	0
ESSENTIAL UTILS INC COM	COM	29670G102	555	13,139	SH		DFND		13,139	0	0
INSULET CORP COM	COM	45784P101	796	4,097	SH		DFND		4,097	0	0
JONES LANG LASALLE INC COM	COM	48020Q107	3,759	36,331	SH		DFND		36,331	0	0
METLIFE INC COM	COM	59156R108	3,589	98,278	SH		DFND		98,278	0	0
NETFLIX INC COM	COM	64110L106	2,582	5,675	SH		DFND		5,675	0	0
REGENERON PHARMACEUTICALS COM	COM	75886F107	2,689	4,312	SH		DFND		4,312	0	0
REPUBLIC SVCS INC COM	COM	760759100	6,159	75,065	SH		DFND		75,065	0	0
V F CORP COM	COM	918204108	310	5,081	SH		DFND		5,081	0	0
APPLE HOSPITALITY REIT INC COM NEW	COM NEW	03784Y200	1,441	149,222	SH		DFND		149,222	0	0
BEST BUY INC COM	COM	086516101	2,229	25,546	SH		DFND		25,546	0	0
CENTENE CORP DEL COM	COM	15135B101	1,498	23,569	SH		DFND		23,569	0	0
DTE ENERGY CO COM	COM	233331107	26,177	243,505	SH		DFND		229,640	0	13,865
PPL CORP COM	COM	69351T106	4,803	185,879	SH		DFND		185,879	0	0
PAYCHEX INC COM	COM	704326107	28,142	371,515	SH		DFND		356,125	0	15,390
PHILIP MORRIS INTL INC COM	COM	718172109	20,105	286,963	SH		DFND		270,586	0	16,377
MOBILE US INC RIGHT 07/27/2020 ADDED	RIGHT ADDED	872590112	2	12,130	SH		DFND		12,130	0	0
TC ENERGY CORP COM	COM	87807B107	1,516	35,610	SH		DFND		35,610	0	0
3M CO COM	COM	88579Y101	465	2,981	SH		DFND		2,981	0	0
TYSON FOODS INC CL A	CL A	902494103	478	8,012	SH		DFND		8,012	0	0
ALLSTATE CORP COM	COM	020002101	3,103	31,990	SH		DFND		31,990	0	0
APPLE INC COM	COM	037833100	34,456	94,453	SH		DFND		94,453	0	0
CAMPBELL SOUP CO COM	COM	134429109	2,297	46,278	SH		DFND		46,278	0	0
EXPEDIA GROUP INC COM NEW	COM NEW	30212P303	1,102	13,404	SH		DFND		13,404	0	0
GENERAC HLDGS INC COM	COM	368736104	1,124	9,216	SH		DFND		9,216	0	0
IDEXX LABS INC COM	COM	45168D104	5,110	15,476	SH		DFND		15,476	0	0
LEIDOS HOLDINGS INC COM	COM	525327102	1,832	19,557	SH		DFND		19,557	0	0
MSC INDL DIRECT INC CL A	CL A	553530106	881	12,098	SH		DFND		12,098	0	0
SNAP INC CL A	CL A	83304A106	1,243	52,904	SH		DFND		52,904	0	0
TECK RESOURCES LTD CL B	CL B	878742204	1,360	130,553	SH		DFND		130,553	0	0
ZOETIS INC CL A	CL A	98978V103	2,701	19,707	SH		DFND		19,707	0	0
AFLAC INC COM	COM	001055102	643	17,856	SH		DFND		17,856	0	0
ABBVIE INC COM	COM	00287Y109	14,028	142,876	SH		DFND		142,876	0	0
ALLISON TRANSMISSION HLDGS I COM	COM	01973R101	771	20,952	SH		DFND		20,952	0	0
AMERICAN EXPRESS CO COM	COM	025816109	704	7,392	SH		DFND		7,392	0	0
BCE INC COM NEW	COM NEW	05534B760	1,335	32,108	SH		DFND		32,108	0	0
COSTCO WHSL CORP NEW COM	NEW COM	22160K105	1,255	4,138	SH		DFND		4,138	0	0
FISERV INC COM	COM	337738108	774	7,930	SH		DFND		7,930	0	0
HASBRO INC COM	COM	418056107	1,283	17,117	SH		DFND		17,117	0	0
MASTERCARD INCORPORATED CL A	CL A	57636Q104	10,686	36,138	SH		DFND		36,138	0	0
METTLER TOLEDO INTERNATIONAL COM	COM	592688105	3,113	3,865	SH		DFND		3,865	0	0
R INC COM	COM	62944T105	2,314	710	SH		DFND		710	0	0
STARBUCKS CORP COM	COM	855244109	2,212	30,053	SH		DFND		30,053	0	0
TYLER TECHNOLOGIES INC COM	COM	902252105	1,628	4,694	SH		DFND		4,694	0	0
UNITED STATES CELLULAR CORP COM	COM	911684108	1,034	33,507	SH		DFND		33,507	0	0
VIRTU FINL INC CL A	CL A	928254101	365	15,451	SH		DFND		15,451	0	0
APPLIED MATLS INC COM	COM	038222105	34,584	572,112	SH		DFND		549,896	0	22,216
CINCINNATI FINL CORP COM	COM	172062101	1,467	22,916	SH		DFND		22,916	0	0
DOLLAR GEN CORP NEW COM	COM	256677105	1,418	7,445	SH		DFND		7,445	0	0
GAMING & LEISURE PPTYS INC COM	COM	36467J108	741	21,425	SH		DFND		21,425	0	0
GENTEX CORP COM	COM	371901109	463	17,968	SH		DFND		17,968	0	0
HERSHEY CO COM	COM	427866108	348	2,681	SH		DFND		2,681	0	0
IDEX CORP COM	COM	45167R104	798	5,051	SH		DFND		5,051	0	0
INVESTORS BANCORP INC NEW COM	NEW COM	46146L101	586	68,977	SH		DFND		68,977	0	0
MORGAN STANLEY COM NEW	COM NEW	617446448	6,981	144,537	SH		DFND		144,537	0	0
OREILLY AUTOMOTIVE INC COM	NEW COM	67103H107	2,139	5,072	SH		DFND		5,072	0	0
OLD DOMINION FREIGHT LINE IN COM	COM	679580100	2,372	13,987	SH		DFND		13,987	0	0
SCHWAB CHARLES CORP COM	COM	808513105	524	15,530	SH		DFND		15,530	0	0
VERISK ANALYTICS INC COM	COM	92345Y106	521	3,063	SH		DFND		3,063	0	0
WEST PHARMACEUTICAL SVSC INC COM	COM	955306105	495	2,178	SH		DFND		2,178	0	0
WEYERHAEUSER CO MTN BE COM NEW	COM NEW	962166104	433	19,291	SH		DFND		19,291	0	0
BK OF AMERICA CORP COM	COM	060505104	4,209	177,217	SH		DFND		177,217	0	0
CSX CORP COM	COM	126408103	630	9,040	SH		DFND		9,040	0	0
CADENCE DESIGN SYSTEM INC COM	COM	127387108	3,188	33,227	SH		DFND		33,227	0	0
EVERGY INC COM	COM	30034W106	1,268	21,386	SH		DFND		21,386	0	0
IRON MTN INC NEW COM	COM	46284V101	521	19,974	SH		DFND		19,974	0	0
KEYSIGHT TECHNOLOGIES INC COM	COM	49338L103	1,720	17,069	SH		DFND		17,069	0	0
MOODYS CORP COM	COM	615369105	3,952	14,385	SH		DFND		14,385	0	0
NIKE INC CL B	CL B	654106103	5,323	54,284	SH		DFND		54,284	0	0
OMNICOM GROUP INC COM	COM	681919106	3,421	62,659	SH		DFND		62,659	0	0
PEPSICO INC COM	COM	713448108	35,936	271,706	SH		DFND		259,286	0	12,420
SHERWIN WILLIAMS CO COM	COM	824348106	1,256	2,173	SH		DFND		2,173	0	0
UNITED PARCEL SERVICE INC CL B	CL B	911312106	22,568	202,989	SH		DFND		191,794	0	11,195
WORKDAY INC CL A	CL A	98138H101	796	4,248	SH		DFND		4,248	0	0
BAKER HUGHES COMPANY CL A	CL A	05722G100	1,804	117,192	SH		DFND		117,192	0	0
BORGWARNER INC COM	COM	099724106	460	13,027	SH		DFND		13,027	0	0
CHIPOTLE MEXICAN GRILL INC COM	COM	169656105	1,248	1,186	SH		DFND		1,186	0	0
CIMAREX ENERGY CO COM	COM	171798101	1,206	43,855	SH		DFND		43,855	0	0
COMCAST CORP NEW CL A	CL A	20030N101	22,999	590,009	SH		DFND		559,236	0	30,773
DELTA AIR LINES INC DEL COM NEW	COM NEW	247361702	783	27,899	SH		DFND		27,899	0	0
DOUGLAS EMMETT INC COM	COM	25960P109	2,038	66,487	SH		DFND		66,487	0	0
MSCI INC COM	COM	55354G100	1,241	3,717	SH		DFND		3,717	0	0
NVIDIA CORPORATION COM	COM	67066G104	12,286	32,340	SH		DFND		32,340	0	0
PVH CORPORATION COM	COM	693656100	217	4,526	SH		DFND		4,526	0	0
ROYAL BK CDA COM	COM	780087102	32,241	476,742	SH		DFND		452,672	0	24,070
SHOPIFY INC CL A	CL A	82509L107	3,453	3,638	SH		DFND		3,638	0	0
SPIRIT AEROSYSTEMS HLDGS INC COM CL A	CL A	848574109	464	19,386	SH		DFND		19,386	0	0
STARWOOD PPTY TR INC COM	COM	85571B105	2,374	158,718	SH		DFND		158,718	0	0
AGNICO EAGLE MINES LTD COM	COM	008474108	854	13,338	SH		DFND		13,338	0	0
BANK MONTREAL QUE COM	COM	063671101	259	4,885	SH		DFND		4,885	0	0
CERNER CORP COM	COM	156782104	2,525	36,829	SH		DFND		36,829	0	0
DXC TECHNOLOGY CO COM	COM	23355L106	359	21,763	SH		DFND		21,763	0	0
ECOLAB INC COM	COM	278865100	1,286	6,466	SH		DFND		6,466	0	0
ETSY INC COM	COM	29786A106	421	3,964	SH		DFND		3,964	0	0
JD.COM INC SPON ADR CL A	CL A	47215P106	13,696	227,585	SH		DFND		227,585	0	0
MARATHON OIL CORP COM	COM	565849106	1,561	255,055	SH		DFND		255,055	0	0
MERCK & CO. INC COM	COM	58933Y105	36,661	474,090	SH		DFND		450,809	0	23,281
PRICE T ROWE GROUP INC COM	COM	74144T108	2,199	17,804	SH		DFND		17,804	0	0
PROCTER AND GAMBLE CO COM	COM	742718109	31,075	259,886	SH		DFND		249,441	0	10,445
TANDEM DIABETES CARE INC COM NEW	COM NEW	875372203	1,758	17,768	SH		DFND		17,768	0	0
WALGREENS BOOTS ALLIANCE INC COM	COM	931427108	1,432	33,784	SH		DFND		33,784	0	0
ACUITY BRANDS INC COM	COM	00508Y102	1,278	13,344	SH		DFND		13,344	0	0
AMERICAN WTR WKS CO INC NEW COM	NEW COM	030420103	5,867	45,601	SH		DFND		45,601	0	0
CHEVRON CORP NEW COM	NEW COM	166764100	1,712	19,182	SH		DFND		19,182	0	0
CONOCOPHILLIPS COM	COM	20825C104	3,489	83,035	SH		DFND		83,035	0	0
DECKERS OUTDOOR CORP COM	COM	243537107	360	1,833	SH		DFND		1,833	0	0
EQUITABLE HLDGS INC COM	COM	29452E101	1,166	60,457	SH		DFND		60,457	0	0
FAIR ISAAC CORP COM	COM	303250104	1,759	4,208	SH		DFND		4,208	0	0
KB HOME COM	COM	48666K109	606	19,746	SH		DFND		19,746	0	0
LAUDER ESTEE COS INC CL A	CL A	518439104	2,500	13,250	SH		DFND		13,250	0	0
LILLY ELI & CO COM	COM	532457108	28,305	172,402	SH		DFND		165,231	0	7,171
PRUDENTIAL FINL INC COM	COM	744320102	6,906	113,395	SH		DFND		113,395	0	0
RINGCENTRAL INC CL A	CL A	76680R206	3,471	12,178	SH		DFND		12,178	0	0
ROCKWELL AUTOMATION INC COM	COM	773903109	729	3,421	SH		DFND		3,421	0	0
UNITED RENTALS INC COM	COM	911363109	3,140	21,070	SH		DFND		21,070	0	0
UNITEDHEALTH GROUP INC COM	COM	91324P102	29,281	99,274	SH		DFND		95,407	0	3,867
AMGEN INC COM	COM	031162100	8,090	34,301	SH		DFND		34,301	0	0
COSTAR GROUP INC COM	COM	22160N109	2,659	3,742	SH		DFND		3,742	0	0
EQUITY RESIDENTIAL SH BEN INT	INT	29476L107	380	6,463	SH		DFND		6,463	0	0
INFOSYS LTD SPONSORED ADR	ADR	456788108	2,620	271,180	SH		DFND		271,180	0	0
NETAPP INC COM	COM	64110D104	3,048	68,704	SH		DFND		68,704	0	0
OSHKOSH CORP COM	COM	688239201	366	5,114	SH		DFND		5,114	0	0
SCHNEIDER NATIONAL INC CL B	CL B	80689H102	266	10,789	SH		DFND		10,789	0	0
STATE STR CORP COM	COM	857477103	1,433	22,547	SH		DFND		22,547	0	0
VERIZON COMMUNICATIONS INC COM	COM	92343V104	33,464	607,007	SH		DFND		578,658	0	28,349
ROYAL CARIBBEAN CRUISES LTD COM	COM	V7780T103	450	8,938	SH		DFND		8,938	0	0
ADOBE INC COM	COM	00724F101	12,975	29,806	SH		DFND		29,806	0	0
ALPHABET INC CAP STK CL A	CL A	02079K305	29,010	20,458	SH		DFND		20,458	0	0
BRISTOL-MYERS SQUIBB CO COM	COM	110122108	9,041	153,756	SH		DFND		153,756	0	0
ICICI BANK LIMITED ADR	ADR	45104G104	948	102,000	SH		DFND		102,000	0	0
LEVI STRAUSS & CO NEW CL A COM STK	CL A COM	52736R102	370	27,617	SH		DFND		27,617	0	0
ORMAT TECHNOLOGIES INC COM	COM	686688102	220	3,471	SH		DFND		3,471	0	0
PINDUODUO INC SPONSORED ADS	SPONSORED ADS	722304102	1,780	20,738	SH		DFND		20,738	0	0
QUDIAN INC ADR	ADR	747798106	405	238,356	SH		DFND		238,356	0	0
VERTEX PHARMACEUTICALS INC COM	COM	92532F100	5,228	18,009	SH		DFND		18,009	0	0
WEIBO CORP SPONSORED ADR	ADR	948596101	4,431	131,874	SH		DFND		131,874	0	0
ALBEMARLE CORP COM	COM	012653101	937	12,135	SH		DFND		12,135	0	0
ALEXION PHARMACEUTICALS INC COM	COM	015351109	6,891	61,396	SH		DFND		61,396	0	0
CISCO SYS INC COM	COM	17275R102	37,612	806,441	SH		DFND		766,405	0	40,036
COGENT COMMUNICATIONS HLDGS COM NEW	COM NEW	19239V302	362	4,684	SH		DFND		4,684	0	0
DEXCOM INC COM	COM	252131107	3,530	8,707	SH		DFND		8,707	0	0
EHEALTH INC COM	COM	28238P109	1,083	11,027	SH		DFND		11,027	0	0
KIRKLAND LAKE GOLD LTD COM	COM	49741E100	292	7,089	SH		DFND		7,089	0	0
LOWES COS INC COM	COM	548661107	22,965	169,957	SH		DFND		160,812	0	9,145
POOL CORPORATION COM	COM	73278L105	1,924	7,078	SH		DFND		7,078	0	0
REALTY INCOME CORP COM	COM	756109104	1,519	25,536	SH		DFND		25,536	0	0
SIMON PPTY GROUP INC NEW COM	NEW COM	828806109	3,750	54,845	SH		DFND		54,845	0	0
VMWARE INC CL A COM	CL A COM	928563402	1,792	11,573	SH		DFND		11,573	0	0
AGILENT TECHNOLOGIES INC COM	COM	00846U101	406	4,598	SH		DFND		4,598	0	0
AMAZON COM INC COM	COM	023135106	28,824	10,448	SH		DFND		10,448	0	0
AVANGRID INC COM	COM	05351W103	2,385	56,814	SH		DFND		56,814	0	0
B2GOLD CORP COM	COM	11777Q209	183	32,244	SH		DFND		32,244	0	0
CRACKER BARREL OLD CTRY STOR COM	COM	22410J106	1,067	9,623	SH		DFND		9,623	0	0
EQUINIX INC COM	COM	29444U700	2,942	4,189	SH		DFND		4,189	0	0
FIRST SOLAR INC COM	COM	336433107	738	14,904	SH		DFND		14,904	0	0
HCA HEALTHCARE INC COM	COM	40412C101	4,422	45,563	SH		DFND		45,563	0	0
HDFC BANK LTD SPONSORED ADS	SPONSORED ADS	40415F101	1,978	43,504	SH		DFND		43,504	0	0
JABIL INC COM	COM	466313103	2,265	70,615	SH		DFND		70,615	0	0
LKQ CORP COM	COM	501889208	339	12,941	SH		DFND		12,941	0	0
MAXIM INTEGRATED PRODS INC COM	COM	57772K101	985	16,258	SH		DFND		16,258	0	0
MELCO RESORTS AND ENTMNT LTD ADR	ADR	585464100	977	62,932	SH		DFND		62,932	0	0
MICRON TECHNOLOGY INC COM	COM	595112103	632	12,271	SH		DFND		12,271	0	0
OVINTIV INC COM	COM	69047Q102	313	32,803	SH		DFND		32,803	0	0
PACCAR INC COM	COM	693718108	7,979	106,595	SH		DFND		106,595	0	0
RELIANCE STEEL & ALUMINUM CO COM	COM	759509102	375	3,955	SH		DFND		3,955	0	0
STANLEY BLACK & DECKER INC COM	COM	854502101	193	1,388	SH		DFND		1,388	0	0
TRIPADVISOR INC COM	COM	896945201	1,477	77,683	SH		DFND		77,683	0	0
AMERICAN TOWER CORP NEW COM	NEW COM	03027X100	3,372	13,042	SH		DFND		13,042	0	0
FLOWERS FOODS INC COM	COM	343498101	1,555	69,530	SH		DFND		69,530	0	0
FRANCO NEV CORP COM	COM	351858105	1,894	13,561	SH		DFND		13,561	0	0
GRAND CANYON ED INC COM	COM	38526M106	853	9,424	SH		DFND		9,424	0	0
NETEASE INC SPONSORED ADS	ADS	64110W102	7,198	16,763	SH		DFND		16,763	0	0
PROGRESSIVE CORP OHIO COM	COM	743315103	5,809	72,507	SH		DFND		72,507	0	0
STAMPS COM INC COM NEW	COM NEW	852857200	517	2,817	SH		DFND		2,817	0	0
SUN LIFE FINANCIAL INC. COM	COM	866796105	354	9,673	SH		DFND		9,673	0	0
TRIMBLE INC COM	COM	896239100	455	10,542	SH		DFND		10,542	0	0
WALMART INC COM	COM	931142103	2,829	23,617	SH		DFND		23,617	0	0
XEROX HOLDINGS CORP COM NEW	COM NEW ADDED	98421M106	1,096	71,671	SH		DFND		71,671	0	0
AMERIPRISE FINL INC COM	COM	03076C106	7,898	52,638	SH		DFND		52,638	0	0
ARROW ELECTRS INC COM	COM	042735100	1,872	27,249	SH		DFND		27,249	0	0
C H ROBINSON WORLDWIDE INC COM NEW	COM NEW	12541W209	345	4,361	SH		DFND		4,361	0	0
CITIZENS FINANCIAL GROUP INC COM	COM	174610105	280	11,082	SH		DFND		11,082	0	0
DANAHER CORPORATION COM	COM	235851102	1,430	8,088	SH		DFND		8,088	0	0
DISNEY WALT CO COM DISNEY	COM DISNEY	254687106	4,817	43,197	SH		DFND		43,197	0	0
INTERNATIONAL FLAVORS&FRAGRA COM	COM	459506101	285	2,331	SH		DFND		2,331	0	0
KIMBERLY CLARK CORP COM	COM	494368103	5,279	37,346	SH		DFND		37,346	0	0
MARATHON PETE CORP COM	COM	56585A102	19,363	517,995	SH		DFND		491,017	0	26,978
MOMO INC ADR	ADR	60879B107	1,757	100,490	SH		DFND		100,490	0	0
NORTHERN TR CORP COM	COM	665859104	613	7,726	SH		DFND		7,726	0	0
SONOCO PRODS CO COM	COM	835495102	25,929	495,860	SH		DFND		467,678	0	28,182
AES CORP COM	COM	00130H105	1,257	86,750	SH		DFND		86,750	0	0
ACTIVISION BLIZZARD INC COM	COM	00507V109	5,393	71,056	SH		DFND		71,056	0	0
BUILDERS FIRSTSOURCE INC COM	COM	12008R107	747	36,068	SH		DFND		36,068	0	0
CITIGROUP INC COM NEW	COM NEW	172967424	7,661	149,923	SH		DFND		149,923	0	0
CONAGRA BRANDS INC COM	COM	205887102	746	21,222	SH		DFND		21,222	0	0
DAVITA INC COM	COM	23918K108	307	3,877	SH		DFND		3,877	0	0
EVERSOURCE ENERGY COM	COM	30040W108	981	11,778	SH		DFND		11,778	0	0
KEURIG DR PEPPER INC COM	COM	49271V100	334	11,750	SH		DFND		11,750	0	0
LAM RESEARCH CORP COM	COM	512807108	5,222	16,144	SH		DFND		16,144	0	0
MONDELEZ INTL INC CL A	CL A	609207105	4,118	80,535	SH		DFND		80,535	0	0
ALTRIA GROUP INC COM	COM	02209S103	1,049	26,730	SH		DFND		26,730	0	0
AMERISOURCEBERGEN CORP COM	COM	03073E105	609	6,048	SH		DFND		6,048	0	0
CBRE GROUP INC CL A	CL A	12504L109	5,525	122,174	SH		DFND		122,174	0	0
CGI INC CL A SUB VTG	SUB VTG	12532H104	2,583	41,140	SH		DFND		41,140	0	0
CABOT OIL & GAS CORP COM	COM	127097103	832	48,407	SH		DFND		48,407	0	0
CATERPILLAR INC DEL COM	COM	149123101	832	6,578	SH		DFND		6,578	0	0
COGNIZANT TECHNOLOGY SOLUTIO CL A	CL A	192446102	6,708	118,055	SH		DFND		118,055	0	0
DOMINOS PIZZA INC COM	COM	25754A201	1,641	4,441	SH		DFND		4,441	0	0
FIDELITY NATL INFORMATION SV COM	COM	31620M106	1,434	10,693	SH		DFND		10,693	0	0
HUMANA INC COM	COM	444859102	1,828	4,714	SH		DFND		4,714	0	0
JETBLUE AWYS CORP COM	COM	477143101	500	45,839	SH		DFND		45,839	0	0
MOLINA HEALTHCARE INC COM	COM	60855R100	2,949	16,571	SH		DFND		16,571	0	0
QUIDEL CORP COM	COM	74838J101	1,051	4,697	SH		DFND		4,697	0	0
ROSS STORES INC COM	COM	778296103	3,885	45,572	SH		DFND		45,572	0	0
SBA COMMUNICATIONS CORP NEW CL A	NEW CL A	78410G104	708	2,376	SH		DFND		2,376	0	0
SHAW COMMUNICATIONS INC CL B CONV	CL B CONV	82028K200	625	38,445	SH		DFND		38,445	0	0
SOUTHWEST AIRLS CO COM	COM	844741108	506	14,798	SH		DFND		14,798	0	0
SYNNEX CORP COM	COM	87162W100	4,616	38,539	SH		DFND		38,539	0	0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	SPONSORED ADR	874039100	8,320	146,555	SH		DFND		146,555	0	0
UNITED AIRLS HLDGS INC COM	COM	910047109	390	11,255	SH		DFND		11,255	0	0
BEYOND MEAT INC COM	COM	08862E109	209	1,560	SH		DFND		1,560	0	0
CHEMOURS CO COM	COM	163851108	764	49,785	SH		DFND		49,785	0	0
COHEN & STEERS INC COM	COM	19247A100	173	2,537	SH		DFND		2,537	0	0
HANOVER INS GROUP INC COM	COM	410867105	1,489	14,690	SH		DFND		14,690	0	0
KELLOGG CO COM	COM	487836108	1,154	17,464	SH		DFND		17,464	0	0
QUALCOMM INC COM	COM	747525103	8,766	96,112	SH		DFND		96,112	0	0
SERVICENOW INC COM	COM	81762P102	2,863	7,067	SH		DFND		7,067	0	0
UNION PAC CORP COM	COM	907818108	1,106	6,542	SH		DFND		6,542	0	0
AT&T INC COM	COM	00206R102	3,034	100,355	SH		DFND		100,355	0	0
BAXTER INTL INC COM	COM	071813109	398	4,626	SH		DFND		4,626	0	0
CME GROUP INC COM	COM CL A	12572Q105	1,520	9,353	SH		DFND		9,353	0	0
COPART INC COM	COM	217204106	2,157	25,900	SH		DFND		25,900	0	0
EBAY INC. COM	COM	278642103	2,446	46,628	SH		DFND		46,628	0	0
NEW YORK TIMES CO CL A	CL A	650111107	880	20,933	SH		DFND		20,933	0	0
NUCOR CORP COM	COM	670346105	472	11,388	SH		DFND		11,388	0	0
PFIZER INC COM	COM	717081103	26,392	807,103	SH		DFND		761,200	0	45,903
STEEL DYNAMICS INC COM	COM	858119100	342	13,111	SH		DFND		13,111	0	0
TORONTO DOMINION BK ONT COM NEW	COM NEW	891160509	1,099	24,708	SH		DFND		24,708	0	0
VEON LTD SPONSORED ADR	ADR	91822M106	1,229	682,712	SH		DFND		682,712	0	0
WASTE MGMT INC DEL COM	COM	94106L109	3,273	30,902	SH		DFND		30,902	0	0
ACCENTURE PLC IRELAND SHS CLASS A	SHS CLASS A	G1151C101	7,565	35,232	SH		DFND		35,232	0	0
AUTODESK INC COM	COM	052769106	1,205	5,036	SH		DFND		5,036	0	0
AUTOMATIC DATA PROCESSING IN COM	COM	053015103	2,775	18,638	SH		DFND		18,638	0	0
AUTOZONE INC COM	COM	053332102	2,207	1,956	SH		DFND		1,956	0	0
DUNKIN BRANDS GROUP INC COM	COM	265504100	1,013	15,533	SH		DFND		15,533	0	0
DUPONT DE NEMOURS INC COM	COM	26614N102	1,918	36,107	SH		DFND		36,107	0	0
FASTLY INC CL A	CL A	31188V100	181	2,132	SH		DFND		2,132	0	0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM	COM	31620R303	2,074	67,631	SH		DFND		67,631	0	0
FOOT LOCKER INC COM	COM	344849104	400	13,721	SH		DFND		13,721	0	0
KILROY RLTY CORP COM	COM	49427F108	290	4,942	SH		DFND		4,942	0	0
MAGNA INTL INC COM	COM	559222401	8,672	195,242	SH		DFND		195,242	0	0
NEXTERA ENERGY INC COM	COM	65339F101	2,078	8,652	SH		DFND		8,652	0	0
PPG INDS INC COM	COM	693506107	1,189	11,209	SH		DFND		11,209	0	0
SPLUNK INC COM	COM	848637104	521	2,620	SH		DFND		2,620	0	0
WASTE CONNECTIONS INC COM	COM	94106B101	2,094	22,326	SH		DFND		22,326	0	0
ALLIANCE DATA SYSTEMS CORP COM	COM	018581108	582	12,907	SH		DFND		12,907	0	0
CIGNA CORP NEW COM	COM	125523100	8,939	47,637	SH		DFND		47,637	0	0
CVS HEALTH CORP COM	COM	126650100	1,619	24,925	SH		DFND		24,925	0	0
GENERAL MLS INC COM	COM	370334104	4,797	77,805	SH		DFND		77,805	0	0
HP INC COM	COM	40434L105	7,080	406,177	SH		DFND		406,177	0	0
INPHI CORP COM	COM	45772F107	638	5,431	SH		DFND		5,431	0	0
LAS VEGAS SANDS CORP COM	COM	517834107	6,256	137,372	SH		DFND		137,372	0	0
NEWELL BRANDS INC COM	COM	651229106	521	32,785	SH		DFND		32,785	0	0
PERSPECTA INC COM	COM	715347100	1,283	55,231	SH		DFND		55,231	0	0
TRUIST FINL CORP COM	COM	89832Q109	382	10,166	SH		DFND		10,166	0	0
BLACKROCK INC COM	COM	09247X101	1,539	2,828	SH		DFND		2,828	0	0
CITRIX SYS INC COM	COM	177376100	7,464	50,463	SH		DFND		50,463	0	0
CROWN CASTLE INTL CORP NEW COM	COM	22822V101	2,237	13,368	SH		DFND		13,368	0	0
DIGITAL RLTY TR INC COM	COM	253868103	1,670	11,748	SH		DFND		11,748	0	0
ENPHASE ENERGY INC COM	COM	29355A107	2,954	62,098	SH		DFND		62,098	0	0
INTERNATIONAL BUSINESS MACHS COM	COM	459200101	9,537	78,966	SH		DFND		78,966	0	0
KOHLS CORP COM	COM	500255104	2,633	126,771	SH		DFND		126,771	0	0
KROGER CO COM	COM	501044101	1,212	35,798	SH		DFND		35,798	0	0
LAMB WESTON HLDGS INC COM	COM	513272104	7,520	117,635	SH		DFND		117,635	0	0
LOCKHEED MARTIN CORP COM	COM	539830109	317	869	SH		DFND		869	0	0
MURPHY USA INC COM	COM	626755102	994	8,826	SH		DFND		8,826	0	0
ROGERS COMMUNICATIONS INC CL B	CL B	775109200	29,316	731,970	SH		DFND		691,073	0	40,897
ROLLINS INC COM	COM	775711104	241	5,686	SH		DFND		5,686	0	0
TELADOC HEALTH INC COM	COM	87918A105	2,263	11,857	SH		DFND		11,857	0	0
US FOODS HLDG CORP COM	COM	912008109	237	12,013	SH		DFND		12,013	0	0
VOYA FINANCIAL INC COM	COM	929089100	1,325	28,400	SH		DFND		28,400	0	0
WEC ENERGY GROUP INC COM	COM	92939U106	415	4,736	SH		DFND		4,736	0	0
ALIGN TECHNOLOGY INC COM	COM	016255101	2,306	8,402	SH		DFND		8,402	0	0
BALLARD PWR SYS INC NEW COM	COM	058586108	837	54,328	SH		DFND		54,328	0	0
DEERE & CO COM	COM	244199105	1,010	6,425	SH		DFND		6,425	0	0
EDWARDS LIFESCIENCES CORP COM	COM	28176E108	3,360	48,613	SH		DFND		48,613	0	0
FACTSET RESH SYS INC COM	COM	303075105	875	2,664	SH		DFND		2,664	0	0
GRAFTECH INTL LTD COM	COM	384313508	353	44,228	SH		DFND		44,228	0	0
HANESBRANDS INC COM	COM	410345102	886	78,515	SH		DFND		78,515	0	0
LULULEMON ATHLETICA INC COM	COM	550021109	2,290	7,338	SH		DFND		7,338	0	0
MANPOWERGROUP INC COM	COM	56418H100	711	10,344	SH		DFND		10,344	0	0
MARKETAXESS HLDGS INC COM	COM	57060D108	4,678	9,338	SH		DFND		9,338	0	0
MCDONALDS CORP COM	COM	580135101	1,165	6,314	SH		DFND		6,314	0	0
OWENS CORNING NEW COM	NEW COM	690742101	942	16,887	SH		DFND		16,887	0	0
PNC FINL SVCS GROUP INC COM	COM	693475105	1,168	11,097	SH		DFND		11,097	0	0
TENET HEALTHCARE CORP COM NEW	COM NEW	88033G407	374	20,676	SH		DFND		20,676	0	0
ABBOTT LABS COM	COM	002824100	24,241	265,132	SH		DFND		252,245	0	12,887
ALASKA AIR GROUP INC COM	COM	011659109	396	10,930	SH		DFND		10,930	0	0
BANK NEW YORK MELLON CORP COM	COM	064058100	1,213	31,380	SH		DFND		31,380	0	0
CAPITAL ONE FINL CORP COM	COM	14040H105	4,982	79,604	SH		DFND		79,604	0	0
CORESITE RLTY CORP COM	COM	21870Q105	1,328	10,971	SH		DFND		10,971	0	0
IQVIA HLDGS INC COM	COM	46266C105	4,973	35,053	SH		DFND		35,053	0	0
JOYY INC ADS REPSTG COM A	COM A	46591M109	2,031	22,934	SH		DFND		22,934	0	0
JPMORGAN CHASE & CO COM	COM	46625H100	7,442	79,122	SH		DFND		79,122	0	0
OPEN TEXT CORP COM	COM	683715106	1,586	37,459	SH		DFND		37,459	0	0
PEMBINA PIPELINE CORP COM	COM	706327103	2,985	119,805	SH		DFND		119,805	0	0
PUBLIC SVC ENTERPRISE GRP IN COM	COM	744573106	22,935	466,543	SH		DFND		439,899	0	26,644
SQUARE INC CL A	CL A	852234103	601	5,730	SH		DFND		5,730	0	0