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
Estimated average burden
hours per response:		23.8

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
ALIGN TECHNOLOGY INC COM	COM	016255101	296	484	SH		DFND		484	0	0
BANK NEW YORK MELLON CORP COM	COM	064058100	938	18,301	SH		DFND		18,301	0	0
COLGATE PALMOLIVE CO COM	COM	194162103	15,405	189,372	SH		DFND		189,372	0	0
CF INDS HLDGS INC COM	COM	125269100	585	11,379	SH		DFND		11,379	0	0
CGI INC CL A SUB VTG	SUB VTG	12532H104	14	149	SH		DFND		149	0	0
CSX CORP COM	COM	126408103	870	27,120	SH		DFND		27,120	0	0
CADENCE DESIGN SYSTEM INC COM	COM	127387108	1,755	12,826	SH		DFND		12,826	0	0
BEYOND MEAT INC COM	COM	08862E109	233	1,481	SH		DFND		1,481	0	0
BLACKROCK INC COM	COM	09247X101	1,786	2,041	SH		DFND		2,041	0	0
CARNIVAL CORP UNIT 99/99/9999	UNIT	143658300	1,408	53,403	SH		DFND		53,403	0	0
NEW YORK TIMES CO CL A	CL A	650111107	626	14,376	SH		DFND		14,376	0	0
PPG INDS INC COM	COM	693506107	694	4,090	SH		DFND		4,090	0	0
COSTCO WHSL CORP NEW COM	NEW COM	22160K105	1,276	3,226	SH		DFND		3,226	0	0
LAM RESEARCH CORP COM	COM	512807108	11,882	18,261	SH		DFND		18,261	0	0
ICICI BANK LIMITED ADR	ADR	45104G104	5,680	332,178	SH		DFND		332,178	0	0
MEDIFAST INC COM	COM	58470H101	3,155	11,150	SH		DFND		11,150	0	0
TORONTO DOMINION BK ONT COM NEW	COM NEW	891160509	9,467	134,944	SH		DFND		134,944	0	0
FMC CORP COM NEW	COM NEW	302491303	3,409	31,511	SH		DFND		31,511	0	0
JPMORGAN CHASE & CO COM	COM	46625H100	29,116	187,192	SH		DFND		187,192	0	0
NVIDIA CORPORATION COM	COM	67066G104	34,305	42,876	SH		DFND		42,876	0	0
DTE ENERGY CO COM	COM	233331107	19,287	148,822	SH		DFND		133,793	0	15,029
PRUDENTIAL FINL INC COM	COM	744320102	2,283	22,284	SH		DFND		22,284	0	0
SNAP ON INC COM	COM	833034101	2,675	11,973	SH		DFND		11,973	0	0
TFI INTL INC COM	COM	87241L109	17,939	196,298	SH		DFND		176,783	0	19,515
EBAY INC. COM	COM	278642103	7,388	105,222	SH		DFND		105,222	0	0
EDWARDS LIFESCIENCES CORP COM	COM	28176E108	21,294	205,604	SH		DFND		205,604	0	0
INSULET CORP COM	COM	45784P101	711	2,590	SH		DFND		2,590	0	0
QUALCOMM INC COM	COM	747525103	2,933	20,520	SH		DFND		20,520	0	0
HARTFORD FINL SVCS GROUP INC COM	COM	416515104	1,530	24,687	SH		DFND		24,687	0	0
HASBRO INC COM	COM	418056107	977	10,338	SH		DFND		10,338	0	0
LULULEMON ATHLETICA INC COM	COM	550021109	748	2,049	SH		DFND		2,049	0	0
ON SEMICONDUCTOR CORP COM	COM	682189105	2,637	68,890	SH		DFND		68,890	0	0
DICKS SPORTING GOODS INC COM	COM	253393102	3,339	33,331	SH		DFND		33,331	0	0
SALESFORCE COM INC COM	COM	79466L302	15,382	62,971	SH		DFND		62,971	0	0
TERADYNE INC COM	COM	880770102	622	4,643	SH		DFND		4,643	0	0
KEURIG DR PEPPER INC COM	COM	49271V100	414	11,750	SH		DFND		11,750	0	0
KEYSIGHT TECHNOLOGIES INC COM	COM	49338L103	2,239	14,500	SH		DFND		14,500	0	0
POOL CORP COM	COM	73278L105	678	1,478	SH		DFND		1,478	0	0
NETFLIX INC COM	COM	64110L106	3,180	6,020	SH		DFND		6,020	0	0
NETEASE INC SPONSORED ADS	ADS	64110W102	7,227	62,710	SH		DFND		62,710	0	0
MARSH & MCLENNAN COS INC COM	COM	571748102	22,500	159,935	SH		DFND		144,045	0	15,890
OWENS CORNING NEW COM	NEW COM	690742101	11,971	122,277	SH		DFND		122,277	0	0
ZEBRA TECHNOLOGIES CORPORATI CL A	CL A	989207105	644	1,217	SH		DFND		1,217	0	0
ZOOM VIDEO COMMUNICATIONS IN CL A	CL A	98980L101	367	948	SH		DFND		948	0	0
VISA INC COM CL A	CL A	92826C839	26,318	112,556	SH		DFND		112,556	0	0
US FOODS HLDG CORP COM	COM	912008109	738	19,251	SH		DFND		19,251	0	0
WALGREENS BOOTS ALLIANCE INC COM	COM	931427108	1,163	22,097	SH		DFND		22,097	0	0
VAIL RESORTS INC COM	COM	91879Q109	709	2,241	SH		DFND		2,241	0	0
WEYERHAEUSER CO MTN BE COM NEW	COM NEW	962166104	6,984	202,916	SH		DFND		202,916	0	0
AUTOZONE INC COM	COM	053332102	355	238	SH		DFND		238	0	0
ALEXANDRIA REAL ESTATE EQ IN COM	COM	015271109	271	1,488	SH		DFND		1,488	0	0
ALIBABA GROUP HLDG LTD SPONSORED ADS	SPONSORED ADS	01609W102	44,467	196,079	SH		DFND		196,079	0	0
AMERCO COM	COM	023586100	1,048	1,778	SH		DFND		1,778	0	0
BK OF AMERICA CORP COM	COM	060505104	9,659	234,273	SH		DFND		234,273	0	0
AGNC INVT CORP COM	COM	00123Q104	3,837	227,173	SH		DFND		227,173	0	0
AMGEN INC COM	COM	031162100	17,281	70,895	SH		DFND		70,895	0	0
ABIOMED INC COM	COM	003654100	1,118	3,583	SH		DFND		3,583	0	0
ACUITY BRANDS INC COM	COM	00508Y102	3,588	19,186	SH		DFND		19,186	0	0
CARVANA CO CL A	CL A	146869102	1,562	5,176	SH		DFND		5,176	0	0
MAXIM INTEGRATED PRODS INC COM	COM	57772K101	7,311	69,388	SH		DFND		69,388	0	0
PVH CORPORATION COM	COM	693656100	487	4,526	SH		DFND		4,526	0	0
GOLDMAN SACHS GROUP INC COM	COM	38141G104	2,106	5,549	SH		DFND		5,549	0	0
ROGERS COMMUNICATIONS INC CL B	CL B	775109200	23,974	450,493	SH		DFND		412,553	0	37,940
ROKU INC COM CL A	CL A	77543R102	311	678	SH		DFND		678	0	0
CROCS INC COM	COM	227046109	3,167	27,181	SH		DFND		27,181	0	0
LEIDOS HOLDINGS INC COM	COM	525327102	583	5,767	SH		DFND		5,767	0	0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM	COM A	531229409	1,637	35,146	SH		DFND		35,146	0	0
PUBLIC SVC ENTERPRISE GRP IN COM	COM	744573106	17,203	287,958	SH		DFND		258,483	0	29,475
PULTE GROUP INC COM	COM	745867101	8,747	160,293	SH		DFND		160,293	0	0
HDFC BANK LTD SPONSORED ADS	SPONSORED ADS	40415F101	7,316	100,058	SH		DFND		100,058	0	0
SNAP INC CL A	CL A	83304A106	1,560	22,900	SH		DFND		22,900	0	0
HANESBRANDS INC COM	COM	410345102	484	25,900	SH		DFND		25,900	0	0
KLA CORP COM NEW	COM	482480100	621	1,915	SH		DFND		1,915	0	0
OKTA INC CL A	CL A	679295105	918	3,750	SH		DFND		3,750	0	0
GENERAL MLS INC COM	COM	370334104	5,936	97,419	SH		DFND		97,419	0	0
DIGITAL RLTY TR INC COM	COM	253868103	1,472	9,782	SH		DFND		9,782	0	0
ENPHASE ENERGY INC COM	COM	29355A107	2,599	14,154	SH		DFND		14,154	0	0
TESLA INC COM	COM	88160R101	8,233	12,112	SH		DFND		12,112	0	0
TEXTRON INC COM	COM	883203101	1,586	23,061	SH		DFND		23,061	0	0
GLOBAL PMTS INC COM	COM	37940X102	1,368	7,292	SH		DFND		7,292	0	0
PRICE T ROWE GROUP INC COM	COM	74144T108	8,768	44,292	SH		DFND		44,292	0	0
STATE STR CORP COM	COM	857477103	1,470	17,861	SH		DFND		17,861	0	0
REGENERON PHARMACEUTICALS COM	COM	75886F107	4,881	8,739	SH		DFND		8,739	0	0
SUN LIFE FINANCIAL INC. COM	COM	866796105	499	9,673	SH		DFND		9,673	0	0
XPENG INC ADS	ADS	98422D105	1,294	29,142	SH		DFND		29,142	0	0
ZOETIS INC CL A	CL A	98978V103	1,195	6,415	SH		DFND		6,415	0	0
UNITED RENTALS INC COM	COM	911363109	3,122	9,787	SH		DFND		9,787	0	0
VMWARE INC CL A COM	CL A COM	928563402	8,213	51,344	SH		DFND		51,344	0	0
WAYFAIR INC CL A	CL A	94419L101	1,581	5,009	SH		DFND		5,009	0	0
WELLS FARGO CO NEW COM	NEW COM	949746101	587	12,967	SH		DFND		12,967	0	0
WEST FRASER TIMBER CO LTD COM	COM ADDED	952845105	11,039	153,611	SH		DFND		153,611	0	0
WORKDAY INC CL A	CL A	98138H101	913	3,823	SH		DFND		3,823	0	0
AVERY DENNISON CORP COM	COM	053611109	14,984	71,273	SH		DFND		63,931	0	7,342
BORGWARNER INC COM	COM	099724106	2,950	60,777	SH		DFND		60,777	0	0
COMCAST CORP NEW CL A	CL A	20030N101	47,054	825,211	SH		DFND		795,638	0	29,573
ALPHABET INC CAP STK CL A	CL A	02079K305	96,080	39,348	SH		DFND		39,348	0	0
ACCENTURE PLC IRELAND SHS CLASS A	SHS CLASS A	G1151C101	2,501	8,484	SH		DFND		8,484	0	0
AT&T INC COM	COM	00206R102	4,452	154,697	SH		DFND		154,697	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	CL B NEW	084670702	17,113	61,577	SH		DFND		61,577	0	0
ACTIVISION BLIZZARD INC COM	COM	00507V109	12,539	131,376	SH		DFND		131,376	0	0
BIOGEN INC COM	COM	09062X103	1,085	3,133	SH		DFND		3,133	0	0
CANADIAN PAC RY LTD COM	COM	13645T100	2,181	28,332	SH		DFND		28,332	0	0
CHENIERE ENERGY INC COM NEW	COM NEW	16411R208	1,541	17,764	SH		DFND		17,764	0	0
CHEVRON CORP NEW COM	NEW COM	166764100	4,162	39,738	SH		DFND		39,738	0	0
MASCO CORP COM	COM	574599106	14,029	238,145	SH		DFND		238,145	0	0
COUPA SOFTWARE INC COM	COM	22266L106	665	2,536	SH		DFND		2,536	0	0
PTC INC COM	COM	69370C100	1,735	12,282	SH		DFND		12,282	0	0
DRAFTKINGS INC COM CL A	COM CL A	26142R104	1,464	28,065	SH		DFND		28,065	0	0
DROPBOX INC CL A	CL A	26210C104	1,411	46,563	SH		DFND		46,563	0	0
ROCKWELL AUTOMATION INC COM	COM	773903109	938	3,279	SH		DFND		3,279	0	0
ILLINOIS TOOL WKS INC COM	COM	452308109	754	3,374	SH		DFND		3,374	0	0
TRACTOR SUPPLY CO COM	COM	892356106	12,564	67,525	SH		DFND		67,525	0	0
MICROSOFT CORP COM	COM	594918104	135,665	500,792	SH		DFND		493,066	0	7,726
NUTRIEN LTD COM	COM	67077M108	4,694	77,402	SH		DFND		77,402	0	0
SYSCO CORP COM	COM	871829107	1,316	16,924	SH		DFND		16,924	0	0
FIDELITY NATL INFORMATION SV COM	COM	31620M106	1,363	9,621	SH		DFND		9,621	0	0
SLACK TECHNOLOGIES INC COM CL A	CL A	83088V102	449	10,137	SH		DFND		10,137	0	0
MOODYS CORP COM	COM	615369105	399	1,102	SH		DFND		1,102	0	0
OCCIDENTAL PETE CORP COM	COM	674599105	1,686	53,903	SH		DFND		53,903	0	0
TANDEM DIABETES CARE INC COM NEW	COM NEW	875372203	821	8,433	SH		DFND		8,433	0	0
DELL TECHNOLOGIES INC CL C	CL C	24703L202	5,083	51,001	SH		DFND		51,001	0	0
GENERAC HLDGS INC COM	COM	368736104	8,425	20,295	SH		DFND		20,295	0	0
INTERNATIONAL FLAVORS&FRAGRA COM	COM	459506101	348	2,331	SH		DFND		2,331	0	0
SVB FINANCIAL GROUP COM	COM	78486Q101	1,562	2,808	SH		DFND		2,808	0	0
GILEAD SCIENCES INC COM	COM	375558103	9,525	138,325	SH		DFND		138,325	0	0
SCHWAB CHARLES CORP COM	COM	808513105	6,741	92,580	SH		DFND		92,580	0	0
THE TRADE DESK INC COM CL A	COM CL A	88339J105	802	10,370	SH		DFND		10,370	0	0
NETAPP INC COM	COM	64110D104	4,681	57,208	SH		DFND		57,208	0	0
PROCTER AND GAMBLE CO COM	COM	742718109	47,435	351,555	SH		DFND		333,670	0	17,885
DISCOVERY INC COM SER A	COM SER A	25470F104	1,546	50,407	SH		DFND		50,407	0	0
PROGRESSIVE CORP COM	COM	743315103	5,936	60,437	SH		DFND		60,437	0	0
COPART INC COM	COM	217204106	805	6,107	SH		DFND		6,107	0	0
CORNING INC COM	COM	219350105	2,717	66,429	SH		DFND		66,429	0	0
HORMEL FOODS CORP COM	COM	440452100	485	10,158	SH		DFND		10,158	0	0
VERIZON COMMUNICATIONS INC COM	COM	92343V104	22,110	394,604	SH		DFND		359,842	0	34,762
VERTEX PHARMACEUTICALS INC COM	COM	92532F100	11,240	55,747	SH		DFND		55,747	0	0
YETI HLDGS INC COM	COM	98585X104	3,226	35,136	SH		DFND		35,136	0	0
WABTEC COM	COM	929740108	1,195	14,516	SH		DFND		14,516	0	0
WESTROCK CO COM	COM	96145D105	1,446	27,168	SH		DFND		27,168	0	0
TRIMBLE INC COM	COM	896239100	1,408	17,201	SH		DFND		17,201	0	0
AUTODESK INC COM	COM	052769106	1,174	4,023	SH		DFND		4,023	0	0
AUTOMATIC DATA PROCESSING IN COM	COM	053015103	33,124	166,770	SH		DFND		156,348	0	10,422
AVANGRID INC COM	COM	05351W103	1,149	22,339	SH		DFND		22,339	0	0
ALLSTATE CORP COM	COM	020002101	42,612	326,677	SH		DFND		308,675	0	18,002
BROADCOM INC COM	COM ADDED	11135F101	618	1,296	SH		DFND		1,296	0	0
AMERICAN INTL GROUP INC COM NEW	COM NEW	026874784	615	12,914	SH		DFND		12,914	0	0
COGNIZANT TECHNOLOGY SOLUTIO CL A	CL A	192446102	3,403	49,135	SH		DFND		49,135	0	0
CME GROUP INC COM	COM CL A	12572Q105	1,283	6,034	SH		DFND		6,034	0	0
BAXTER INTL INC COM	COM	071813109	372	4,626	SH		DFND		4,626	0	0
APPLE INC COM	COM	037833100	104,613	763,819	SH		DFND		763,819	0	0
CERNER CORP COM	COM	156782104	410	5,242	SH		DFND		5,242	0	0
AGILENT TECHNOLOGIES INC COM	COM	00846U101	680	4,598	SH		DFND		4,598	0	0
MASTERCARD INCORPORATED CL A	CL A	57636Q104	4,131	11,316	SH		DFND		11,316	0	0
PNC FINL SVCS GROUP INC COM	COM	693475105	1,533	8,035	SH		DFND		8,035	0	0
COSTAR GROUP INC COM	COM	22160N109	7	90	SH		DFND		90	0	0
GODADDY INC CL A	CL A	380237107	1,682	19,341	SH		DFND		19,341	0	0
MCDONALDS CORP COM	COM	580135101	357	1,546	SH		DFND		1,546	0	0
LAUDER ESTEE COS INC CL A	CL A	518439104	12	38	SH		DFND		38	0	0
CROWDSTRIKE HLDGS INC CL A	CL A	22788C105	684	2,721	SH		DFND		2,721	0	0
CUMMINS INC COM	COM	231021106	12,839	52,661	SH		DFND		52,661	0	0
LEVI STRAUSS & CO NEW CL A COM STK	CL A COM	52736R102	508	18,339	SH		DFND		18,339	0	0
SBA COMMUNICATIONS CORP NEW CL A	NEW CL A	78410G104	515	1,617	SH		DFND		1,617	0	0
FEDEX CORP COM	COM	31428X106	6,327	21,208	SH		DFND		21,208	0	0
MICRON TECHNOLOGY INC COM	COM	595112103	5,259	61,890	SH		DFND		61,890	0	0
FREEPORT-MCMORAN INC CL B	CL B	35671D857	1,134	30,560	SH		DFND		30,560	0	0
TJX COS INC NEW COM	COM	872540109	1,064	15,787	SH		DFND		15,787	0	0
DANAHER CORPORATION COM	COM	235851102	9,945	37,058	SH		DFND		37,058	0	0
HCA HEALTHCARE INC COM	COM	40412C101	5,994	28,992	SH		DFND		28,992	0	0
JOHNSON & JOHNSON COM	COM	478160104	22,682	137,685	SH		DFND		123,609	0	14,076
LIVE NATION ENTERTAINMENT IN COM	COM	538034109	587	6,698	SH		DFND		6,698	0	0
HALLIBURTON CO COM	COM	406216101	7,918	342,463	SH		DFND		342,463	0	0
LOUISIANA PAC CORP COM	COM	546347105	4,454	73,879	SH		DFND		73,879	0	0
FIRST SOLAR INC COM	COM	336433107	1,129	12,469	SH		DFND		12,469	0	0
INTERNATIONAL BUSINESS MACHS COM	COM	459200101	1,609	10,974	SH		DFND		10,974	0	0
PLUG POWER INC COM NEW	COM NEW	72919P202	1,611	47,132	SH		DFND		47,132	0	0
KILROY RLTY CORP COM	COM	49427F108	344	4,942	SH		DFND		4,942	0	0
POTLATCHDELTIC CORPORATION COM	COM	737630103	4,498	84,622	SH		DFND		84,622	0	0
SQUARE INC CL A	CL A	852234103	3,203	13,138	SH		DFND		13,138	0	0
ORGANON & CO COMMON STOCK ADDED	ADDED	68622V106	144	4,755	SH		DFND		4,755	0	0
THERMO FISHER SCIENTIFIC INC COM	COM	883556102	19,294	38,246	SH		DFND		38,246	0	0
EQUINIX INC COM	COM	29444U700	673	839	SH		DFND		839	0	0
EQUITY RESIDENTIAL SH BEN INT	INT	29476L107	661	8,581	SH		DFND		8,581	0	0
MANULIFE FINL CORP COM	COM	56501R106	1,620	82,240	SH		DFND		82,240	0	0
MARATHON OIL CORP COM	COM	565849106	3,184	233,782	SH		DFND		233,782	0	0
CONOCOPHILLIPS COM	COM	20825C104	7,023	115,326	SH		DFND		115,326	0	0
HOME DEPOT INC COM	COM	437076102	25,343	79,473	SH		DFND		79,473	0	0
SEA LTD SPONSORD ADS	ADS	81141R100	3,689	13,435	SH		DFND		13,435	0	0
EVERSOURCE ENERGY COM	COM	30040W108	922	11,486	SH		DFND		11,486	0	0
VEREIT INC COM	COM	92339V308	1,514	32,953	SH		DFND		32,953	0	0
XYLEM INC COM	COM	98419M100	2,323	19,365	SH		DFND		19,365	0	0
TWITTER INC COM	COM	90184L102	1,785	25,934	SH		DFND		25,934	0	0
TYSON FOODS INC CL A	CL A	902494103	19,321	261,946	SH		DFND		261,946	0	0
UNION PAC CORP COM	COM	907818108	1,643	7,469	SH		DFND		7,469	0	0
UNITED PARCEL SERVICE INC CL B	CL B	911312106	17,476	84,031	SH		DFND		75,953	0	8,078
WASTE MGMT INC DEL COM	COM	94106L109	819	5,848	SH		DFND		5,848	0	0
ROYAL CARIBBEAN GROUP COM	COM	V7780T103	1,421	16,661	SH		DFND		16,661	0	0
CLOROX CO DEL COM	COM	189054109	4,295	23,872	SH		DFND		23,872	0	0
CLOUDFLARE INC CL A COM	COM	18915M107	1,097	10,366	SH		DFND		10,366	0	0
CBRE GROUP INC CL A	CL A	12504L109	5,854	68,286	SH		DFND		68,286	0	0
ABBOTT LABS COM	COM	002824100	20,692	178,483	SH		DFND		162,784	0	15,699
CITIGROUP INC COM NEW	COM NEW	172967424	8,494	120,053	SH		DFND		120,053	0	0
CITRIX SYS INC COM	COM	177376100	6,640	56,623	SH		DFND		56,623	0	0
RKSHIRE HATHAWAY INC DEL CL A	CL A	084670108	2,512	6	SH		DFND		6	0	0
CONAGRA BRANDS INC COM	COM	205887102	772	21,222	SH		DFND		21,222	0	0
LABORATORY CORP AMER HLDGS COM NEW	COM NEW	50540R409	2,290	8,303	SH		DFND		8,303	0	0
NEWS CORP NEW CL A	CL A	65249B109	577	22,374	SH		DFND		22,374	0	0
MERCADOLIBRE INC COM	COM	58733R102	322	207	SH		DFND		207	0	0
MERCK & CO INC COM	COM	58933Y105	35,445	455,771	SH		DFND		429,371	0	26,400
SERVICE CORP INTL COM	COM	817565104	2,863	53,433	SH		DFND		53,433	0	0
FACTSET RESH SYS INC COM	COM	303075105	365	1,087	SH		DFND		1,087	0	0
FRANKLIN RESOURCES INC COM	COM	354613101	953	29,791	SH		DFND		29,791	0	0
MICROCHIP TECHNOLOGY INC. COM	COM	595017104	1,664	11,113	SH		DFND		11,113	0	0
NUCOR CORP COM	COM	670346105	818	8,532	SH		DFND		8,532	0	0
PEPSICO INC COM	COM	713448108	22,111	149,225	SH		DFND		135,655	0	13,570
FIFTH THIRD BANCORP COM	COM	316773100	549	14,364	SH		DFND		14,364	0	0
DARLING INGREDIENTS INC COM	COM	237266101	3,020	44,741	SH		DFND		44,741	0	0
JD.COM INC SPON ADR CL A	CL A	47215P106	3,221	40,358	SH		DFND		40,358	0	0
QORVO INC COM	COM	74736K101	1,694	8,657	SH		DFND		8,657	0	0
SOLAREDGE TECHNOLOGIES INC COM	COM	83417M104	250	904	SH		DFND		904	0	0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	SPONSORED ADR	874039100	13,886	115,566	SH		DFND		115,566	0	0
DEERE & CO COM	COM	244199105	20,803	58,981	SH		DFND		58,981	0	0
FIRST REP BK SAN FRANCISCO C COM	COM	33616C100	4,794	25,615	SH		DFND		25,615	0	0
MURPHY USA INC COM	COM	626755102	770	5,773	SH		DFND		5,773	0	0
TC ENERGY CORP COM	COM	87807B107	25	498	SH		DFND		498	0	0
DELTA AIR LINES INC DEL COM NEW	COM NEW	247361702	1,260	29,124	SH		DFND		29,124	0	0
NIO INC SPON ADS	ADS	62914V106	1,853	34,830	SH		DFND		34,830	0	0
HEALTHPEAK PROPERTIES INC COM	COM	42250P103	508	15,252	SH		DFND		15,252	0	0
TEXAS INSTRS INC COM	COM	882508104	21,328	110,911	SH		DFND		110,911	0	0
KIRKLAND LAKE GOLD LTD COM	COM	49741E100	273	7,089	SH		DFND		7,089	0	0
STARWOOD PPTY TR INC COM	COM	85571B105	14	536	SH		DFND		536	0	0
EQUITABLE HLDGS INC COM	COM	29452E101	1,497	49,168	SH		DFND		49,168	0	0
ESSENTIAL UTILS INC COM	COM	29670G102	616	13,476	SH		DFND		13,476	0	0
FISERV INC COM	COM	337738108	2,482	23,222	SH		DFND		23,222	0	0
ZSCALER INC COM	COM	98980G102	1,595	7,382	SH		DFND		7,382	0	0
WESTERN DIGITAL CORP. COM	COM	958102105	2,893	40,649	SH		DFND		40,649	0	0
CATERPILLAR INC COM	COM	149123101	547	2,513	SH		DFND		2,513	0	0
BRISTOL-MYERS SQUIBB CO COM	COM	110122108	7,660	114,635	SH		DFND		114,635	0	0
ALTRIA GROUP INC COM	COM	02209S103	2,328	48,823	SH		DFND		48,823	0	0
AMAZON COM INC COM	COM	023135106	14,339	4,168	SH		DFND		4,168	0	0
COCA COLA CO COM	COM	191216100	26,897	497,074	SH		DFND		456,657	0	40,417
AMERICAN TOWER CORP NEW COM	NEW COM	03027X100	1,352	5,005	SH		DFND		5,005	0	0
CIGNA CORP NEW COM	COM	125523100	858	3,619	SH		DFND		3,619	0	0
ABBVIE INC COM	COM	00287Y109	5,810	51,581	SH		DFND		51,581	0	0
CITIZENS FINL GROUP INC COM	COM	174610105	4,667	101,735	SH		DFND		101,735	0	0
BEST BUY INC COM	COM	086516101	6,019	52,344	SH		DFND		52,344	0	0
ADOBE SYSTEMS INCORPORATED COM	COM	00724F101	26,392	45,065	SH		DFND		45,065	0	0
ASTRAZENECA PLC SPONSORED ADR	SPONSORED ADR	046353108	22,123	369,338	SH		DFND		332,222	0	37,116
ARROW ELECTRS INC COM	COM	042735100	3,079	27,045	SH		DFND		27,045	0	0
HUMANA INC COM	COM	444859102	4,547	10,270	SH		DFND		10,270	0	0
HUNTINGTON BANCSHARES INC COM	COM	446150104	610	42,735	SH		DFND		42,735	0	0
PACCAR INC COM	COM	693718108	2,241	25,105	SH		DFND		25,105	0	0
EXPEDITORS INTL WASH INC COM	COM	302130109	13,197	104,238	SH		DFND		104,238	0	0
LENNAR CORP CL A	CL A	526057104	10,940	110,116	SH		DFND		110,116	0	0
ROYAL BK CDA COM	COM	780087102	24,797	244,498	SH		DFND		221,574	0	22,924
GRAND CANYON ED INC COM	COM	38526M106	5	57	SH		DFND		57	0	0
INVITATION HOMES INC COM	COM	46187W107	630	16,894	SH		DFND		16,894	0	0
NORTHERN TR CORP COM	COM	665859104	518	4,483	SH		DFND		4,483	0	0
TRAVELERS COMPANIES INC COM	COM	89417E109	18,441	123,181	SH		DFND		110,864	0	12,317
LILLY ELI & CO COM	COM	532457108	38,861	169,314	SH		DFND		161,409	0	7,905
INGERSOLL RAND INC COM	COM	45687V106	1,563	32,014	SH		DFND		32,014	0	0
MONDELEZ INTL INC CL A	CL A	609207105	7,852	125,750	SH		DFND		125,750	0	0
ECOLAB INC COM	COM	278865100	856	4,154	SH		DFND		4,154	0	0
HP INC COM	COM	40434L105	8,536	282,744	SH		DFND		282,744	0	0
DECKERS OUTDOOR CORP COM	COM	243537107	4,634	12,065	SH		DFND		12,065	0	0
ELECTRONIC ARTS INC COM	COM	285512109	9,217	64,082	SH		DFND		64,082	0	0
DEVON ENERGY CORP NEW COM	COM NEW	25179M103	1,620	55,487	SH		DFND		55,487	0	0
EMCOR GROUP INC COM	COM	29084Q100	1,441	11,699	SH		DFND		11,699	0	0
INTEL CORP COM	COM	458140100	12,937	230,442	SH		DFND		230,442	0	0
LUMEN TECHNOLOGIES INC COM	COM ADDED	550241103	2,386	175,593	SH		DFND		175,593	0	0
NRG ENERGY INC COM NEW	COM NEW	629377508	1,872	46,440	SH		DFND		46,440	0	0
OMEGA HEALTHCARE INVS INC COM	COM	681936100	603	16,607	SH		DFND		16,607	0	0
PINDUODUO INC SPONSORED ADS	SPONSORED ADS	722304102	1,008	7,937	SH		DFND		7,937	0	0
PINTEREST INC CL A	CL A	72352L106	1,783	22,590	SH		DFND		22,590	0	0
GENTEX CORP COM	COM	371901109	1,871	56,544	SH		DFND		56,544	0	0
KELLOGG CO COM	COM	487836108	3,704	57,574	SH		DFND		57,574	0	0
RAYTHEON TECHNOLOGIES CORP COM	COM	75513E101	1,425	16,701	SH		DFND		16,701	0	0
SCHLUMBERGER LTD COM STK	COM	806857108	7,838	244,859	SH		DFND		244,859	0	0
STEEL DYNAMICS INC COM	COM	858119100	13,957	234,184	SH		DFND		234,184	0	0
REGIONS FINANCIAL CORP NEW COM	COM	7591EP100	15,512	768,674	SH		DFND		768,674	0	0
HOLOGIC INC COM	COM	436440101	10,097	151,335	SH		DFND		151,335	0	0
UNITEDHEALTH GROUP INC COM	COM	91324P102	38,464	96,054	SH		DFND		91,412	0	4,642
TRUIST FINL CORP COM	COM	89832Q109	9,691	174,615	SH		DFND		174,615	0	0
BOOKING HOLDINGS INC COM	COM	09857L108	304	139	SH		DFND		139	0	0
ALLY FINL INC COM	COM	02005N100	1,456	29,206	SH		DFND		29,206	0	0
CINCINNATI FINL CORP COM	COM	172062101	3,147	26,987	SH		DFND		26,987	0	0
BALLARD PWR SYS INC NEW COM	COM	058586108	496	27,374	SH		DFND		27,374	0	0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH	VT SH	112585104	1,741	34,086	SH		DFND		34,086	0	0
BANK MONTREAL QUE COM	COM	063671101	501	4,885	SH		DFND		4,885	0	0
AMERICAN FINL GROUP INC OHIO COM	COM	025932104	570	4,569	SH		DFND		4,569	0	0
CAE INC COM	COM	124765108	915	29,679	SH		DFND		29,679	0	0
CMS ENERGY CORP COM	COM	125896100	19,537	330,683	SH		DFND		297,072	0	33,611
CVS HEALTH CORP COM	COM	126650100	33,450	400,891	SH		DFND		375,380	0	25,511
APPLIED MATLS INC COM	COM	038222105	30,712	215,677	SH		DFND		215,677	0	0
ARCHER DANIELS MIDLAND CO COM	COM	039483102	4,318	71,259	SH		DFND		71,259	0	0
LKQ CORP COM	COM	501889208	637	12,941	SH		DFND		12,941	0	0
LPL FINL HLDGS INC COM	COM	50212V100	2,891	21,418	SH		DFND		21,418	0	0
NEWELL BRANDS INC COM	COM	651229106	1,321	48,099	SH		DFND		48,099	0	0
NEWMONT CORP COM	COM	651639106	700	11,044	SH		DFND		11,044	0	0
DOUGLAS EMMETT INC COM	COM	25960P109	957	28,478	SH		DFND		28,478	0	0
EXXON MOBIL CORP COM	COM	30231G102	1,280	20,289	SH		DFND		20,289	0	0
FORD MTR CO DEL COM	COM	345370860	5,677	382,048	SH		DFND		382,048	0	0
FACEBOOK INC CL A	CL A	30303M102	8,112	23,331	SH		DFND		23,331	0	0
MERITAGE HOMES CORP COM	COM	59001A102	4,828	51,315	SH		DFND		51,315	0	0
FOX CORP CL A COM	CL A COM	35137L105	593	15,977	SH		DFND		15,977	0	0
METLIFE INC COM	COM	59156R108	4,954	82,779	SH		DFND		82,779	0	0
METTLER TOLEDO INTERNATIONAL COM	COM	592688105	378	273	SH		DFND		273	0	0
FASTENAL CO COM	COM	311900104	518	9,971	SH		DFND		9,971	0	0
SYNNEX CORP COM	COM	87162W100	2,310	18,970	SH		DFND		18,970	0	0
SYNCHRONY FINANCIAL COM	COM	87165B103	617	12,711	SH		DFND		12,711	0	0
MONGODB INC CL A	CL A	60937P106	1,775	4,911	SH		DFND		4,911	0	0
PFIZER INC COM	COM	717081103	4,802	122,633	SH		DFND		122,633	0	0
SKYWORKS SOLUTIONS INC COM	COM	83088M102	3,024	15,770	SH		DFND		15,770	0	0
MOSAIC CO NEW COM	COM	61945C103	3,770	118,155	SH		DFND		118,155	0	0
SS&C TECHNOLOGIES HLDGS INC COM	COM	78467J100	4,108	57,009	SH		DFND		57,009	0	0
JONES LANG LASALLE INC COM	COM	48020Q107	3,103	15,874	SH		DFND		15,874	0	0
TARGET CORP COM	COM	87612E106	25,175	104,139	SH		DFND		104,139	0	0
DEXCOM INC COM	COM	252131107	1,658	3,883	SH		DFND		3,883	0	0
KKR & CO INC COM	COM	48251W104	5,312	89,676	SH		DFND		89,676	0	0
TELUS CORPORATION COM	COM	87971M103	306	13,627	SH		DFND		13,627	0	0
GENERAL MTRS CO COM	COM	37045V100	10,908	184,345	SH		DFND		184,345	0	0
INTUIT COM	COM	461202103	990	2,019	SH		DFND		2,019	0	0
HEWLETT PACKARD ENTERPRISE C COM	COM	42824C109	5,326	365,290	SH		DFND		365,290	0	0
MAGNA INTL INC COM	COM	559222401	3,493	37,688	SH		DFND		37,688	0	0
ORMAT TECHNOLOGIES INC COM	COM	686688102	527	7,581	SH		DFND		7,581	0	0
EVERCORE INC CLASS A	CLASS A	29977A105	3,305	23,480	SH		DFND		23,480	0	0
KROGER CO COM	COM	501044101	455	11,880	SH		DFND		11,880	0	0
CORCEPT THERAPEUTICS INC COM	COM	218352102	3,405	154,761	SH		DFND		154,761	0	0
DISCOVER FINL SVCS COM	COM	254709108	608	5,137	SH		DFND		5,137	0	0
TWILIO INC CL A	CL A	90138F102	2,172	5,511	SH		DFND		5,511	0	0
VIACOMCBS INC CL B	CL B	92556H206	1,757	38,864	SH		DFND		38,864	0	0
ALBEMARLE CORP COM	COM	012653101	1,282	7,611	SH		DFND		7,611	0	0
CHIPOTLE MEXICAN GRILL INC COM	COM	169656105	1,479	954	SH		DFND		954	0	0
CISCO SYS INC COM	COM	17275R102	44,393	837,605	SH		DFND		801,025	0	36,580
BAKER HUGHES COMPANY CL A	CL A	05722G100	8,654	378,411	SH		DFND		378,411	0	0
BANK NOVA SCOTIA B C COM	COM	064149107	1,268	19,476	SH		DFND		19,476	0	0
AMERICAN EXPRESS CO COM	COM	025816109	1,538	9,307	SH		DFND		9,307	0	0
AMERICAN WTR WKS CO INC NEW COM	NEW COM	030420103	369	2,394	SH		DFND		2,394	0	0
ANTHEM INC COM	COM	036752103	32,505	85,137	SH		DFND		79,051	0	6,086
CAPITAL ONE FINL CORP COM	COM	14040H105	6,215	40,179	SH		DFND		40,179	0	0
ADVANCED DRAIN SYS INC DEL COM	COM	00790R104	6,036	51,784	SH		DFND		51,784	0	0
AGNICO EAGLE MINES LTD COM	COM	008474108	343	5,668	SH		DFND		5,668	0	0
SUNRUN INC COM	COM	86771W105	1,669	29,927	SH		DFND		29,927	0	0
LAMB WESTON HLDGS INC COM	COM	513272104	561	6,959	SH		DFND		6,959	0	0
NEXTERA ENERGY INC COM	COM	65339F101	14	188	SH		DFND		188	0	0
NIKE INC CL B	CL B	654106103	2,179	14,103	SH		DFND		14,103	0	0
PPL CORP COM	COM	69351T106	3,378	120,759	SH		DFND		120,759	0	0
RINGCENTRAL INC CL A	CL A	76680R206	754	2,596	SH		DFND		2,596	0	0
SERVICENOW INC COM	COM	81762P102	2,148	3,909	SH		DFND		3,909	0	0
IDEX CORP COM	COM	45167R104	889	4,042	SH		DFND		4,042	0	0
SHERWIN WILLIAMS CO COM	COM	824348106	1,214	4,455	SH		DFND		4,455	0	0
SHOPIFY INC CL A	CL A	82509L107	1,189	812	SH		DFND		812	0	0
S&P GLOBAL INC COM	COM	78409V104	39,319	95,794	SH		DFND		90,354	0	5,440
PAYPAL HLDGS INC COM	COM	70450Y103	12,957	44,453	SH		DFND		44,453	0	0
LINCOLN NATL CORP IND COM	COM	534187109	1,414	22,498	SH		DFND		22,498	0	0
SYNOPSYS INC COM	COM	871607107	2,904	10,531	SH		DFND		10,531	0	0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM	COM	31620R303	565	13,006	SH		DFND		13,006	0	0
JACOBS ENGR GROUP INC COM	COM	469814107	576	4,314	SH		DFND		4,314	0	0
MOHAWK INDS INC COM	COM	608190104	4,897	25,478	SH		DFND		25,478	0	0
MORGAN STANLEY COM NEW	COM NEW	617446448	20,867	227,587	SH		DFND		227,587	0	0
LOWES COS INC COM	COM	548661107	38,487	198,415	SH		DFND		189,537	0	8,878
QUANTA SVCS INC COM	COM	74762E102	2,607	28,786	SH		DFND		28,786	0	0
INTERNATIONAL PAPER CO COM	COM	460146103	5,252	85,663	SH		DFND		85,663	0	0
NOV INC COM	COM ADDED	62955J103	1,333	87,011	SH		DFND		87,011	0	0
SPLUNK INC COM	COM	848637104	379	2,620	SH		DFND		2,620	0	0
KEYCORP COM	COM	493267108	1,439	69,705	SH		DFND		69,705	0	0
KIMBERLY-CLARK CORP COM	COM	494368103	35,079	262,214	SH		DFND		247,712	0	14,502
ORACLE CORP COM	COM	68389X105	22,271	286,116	SH		DFND		286,116	0	0
SAREPTA THERAPEUTICS INC COM	COM	803607100	568	7,301	SH		DFND		7,301	0	0
KNIGHT-SWIFT TRANSN HLDGS IN CL A	CL A	499049104	564	12,415	SH		DFND		12,415	0	0
STARBUCKS CORP COM	COM	855244109	1,355	12,120	SH		DFND		12,120	0	0
DISNEY WALT CO COM	COM DISNEY	254687106	3,427	19,499	SH		DFND		19,499	0	0
ETSY INC COM	COM	29786A106	5,903	28,678	SH		DFND		28,678	0	0
HOWMET AEROSPACE INC COM	COM	443201108	1,525	44,253	SH		DFND		44,253	0	0
HUBBELL INC COM	COM	443510607	422	2,257	SH		DFND		2,257	0	0
VICI PPTYS INC COM	COM	925652109	1,593	51,348	SH		DFND		51,348	0	0
ZILLOW GROUP INC CL A	CL A	98954M101	1,775	14,485	SH		DFND		14,485	0	0
VOYA FINANCIAL INC COM	COM	929089100	1,392	22,638	SH		DFND		22,638	0	0
V F CORP COM	COM	918204108	417	5,081	SH		DFND		5,081	0	0
WHEATON PRECIOUS METALS CORP COM	COM	962879102	1,018	23,098	SH		DFND		23,098	0	0
WHIRLPOOL CORP COM	COM	963320106	1,480	6,790	SH		DFND		6,790	0	0
WILLIAMS SONOMA INC COM	COM	969904101	3,121	19,551	SH		DFND		19,551	0	0
VENTAS INC COM	COM	92276F100	973	17,037	SH		DFND		17,037	0	0
XPO LOGISTICS INC COM	COM	983793100	1,509	10,786	SH		DFND		10,786	0	0