BP p.l.c. (BP) 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
3M CO	COM	88579Y101	9,361	69,000	SH		DFND	1	69,000	0	0
ABBOTT LABORATORIES	COM	002824100	6,548	170,000	SH		DFND	1	170,000	0	0
ABBVIE INC	COM	00287Y109	12,593	245,000	SH		DFND	1	245,000	0	0
ACCENTURE PLC CL A	COM	G1151C101	16,343	205,000	SH		DFND	1	205,000	0	0
ACE LTD	COM	H0023R105	3,566	36,000	SH		DFND	1	36,000	0	0
ACTAVIS PLC	COM	G0083B108	9,886	48,000	SH		DFND	1	48,000	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	1,431	70,000	SH		DFND	1	70,000	0	0
ADOBE SYSTEMS INC	COM	00724F101	3,616	55,000	SH		DFND	1	55,000	0	0
AETNA INC	COM	00817Y108	3,074	41,000	SH		DFND	1	41,000	0	0
AIR PRODUCTS + CHEMICALS	COM	009158106	2,619	22,000	SH		DFND	1	22,000	0	0
AIRGAS INC	COM	009363102	852	8,000	SH		DFND	1	8,000	0	0
ALLEGHENY TECHNOLOGIES IN	COM	01741R102	7,534	200,000	SH		DFND	1	200,000	0	0
ALLERGAN INC	COM	018490102	4,093	33,000	SH		DFND	1	33,000	0	0
ALLIANCE DATA SYSTEMS COR	COM	018581108	1,635	6,000	SH		DFND	1	6,000	0	0
ALLSTATE CORP	COM	020002101	2,773	49,000	SH		DFND	1	49,000	0	0
ALTERA CORP	COM	021441100	1,377	38,000	SH		DFND	1	38,000	0	0
ALTRIA GROUP INC	COM	02209S103	5,987	160,000	SH		DFND	1	160,000	0	0
AMAZON.COM INC	COM	023135106	11,773	35,000	SH		DFND	1	35,000	0	0
AMBEV SA ADR	ADR	02319V103	12,323	1,663,000	SH		DFND	1	1,663,000	0	0
AMERICA MOVIL ADR SERIES	ADR	02364W204	11,886	600,000	SH		DFND	1	600,000	0	0
AMERICA MOVIL ADR SERIES	ADR	02364W105	4,021	202,448	SH		DFND	1	202,448	0	0
AMERICAN EAGLE OUTFITTERS	COM	02553E106	245	20,000	SH		DFND	1	20,000	0	0
AMERICAN ELECTRIC POWER	COM	025537101	2,533	50,000	SH		DFND	1	50,000	0	0
AMERICAN EXPRESS CO	COM	025816109	9,093	101,000	SH		DFND	1	101,000	0	0
AMERICAN INTERNATIONAL GR	COM	026874784	3,001	60,000	SH		DFND	1	60,000	0	0
AMERICAN TOWER CORP	ADR	03027X100	9,088	111,000	SH		DFND	1	111,000	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	1,508	23,000	SH		DFND	1	23,000	0	0
AMGEN INC	COM	031162100	9,621	78,000	SH		DFND	1	78,000	0	0
ANADARKO PETROLEUM CORP	COM	032511107	4,238	50,000	SH		DFND	1	50,000	0	0
ANALOG DEVICES INC	COM	032654105	1,860	35,000	SH		DFND	1	35,000	0	0
AON PLC	COM	G0408V102	2,697	32,000	SH		DFND	1	32,000	0	0
APACHE CORP	COM	037411105	3,318	40,000	SH		DFND	1	40,000	0	0
APPLE INC	COM	037833100	52,585	98,000	SH		DFND	1	98,000	0	0
APPLIED MATERIALS INC	COM	038222105	6,633	325,000	SH		DFND	1	325,000	0	0
AT+T INC	COM	00206R102	17,535	500,000	SH		DFND	1	500,000	0	0
AUTODESK INC	COM	052769106	4,525	92,000	SH		DFND	1	92,000	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	3,785	49,000	SH		DFND	1	49,000	0	0
AUTONATION INC	COM	05329W102	4,151	78,000	SH		DFND	1	78,000	0	0
AUTOZONE INC	COM	053332102	7,783	14,500	SH		DFND	1	14,500	0	0
AVAGO TECHNOLOGIES LTD	COM	Y0486S104	1,867	29,000	SH		DFND	1	29,000	0	0
AVALONBAY COMMUNITIES INC	ADR	053484101	1,969	15,000	SH		DFND	1	15,000	0	0
BAIDU INC SPON ADR	ADR	056752108	7,618	50,000	SH		DFND	1	50,000	0	0
BAKER HUGHES INC	COM	057224107	3,511	54,000	SH		DFND	1	54,000	0	0
BANCO BRADESCO ADR	ADR	059460303	23,222	1,698,755	SH		DFND	1	1,698,755	0	0
BANK OF AMERICA CORP	COM	060505104	19,361	1,125,000	SH		DFND	1	1,125,000	0	0
BANK OF NEW YORK MELLON C	COM	064058100	14,818	420,000	SH		DFND	1	420,000	0	0
BAXTER INTERNATIONAL INC	COM	071813109	4,488	61,000	SH		DFND	1	61,000	0	0
BB+T CORP	COM	054937107	3,134	78,000	SH		DFND	1	78,000	0	0
BECTON DICKINSON AND CO	COM	075887109	8,312	71,000	SH		DFND	1	71,000	0	0
BERKSHIRE HATHAWAY INC CL	COM	084670702	24,986	200,000	SH		DFND	1	200,000	0	0
BIOGEN IDEC INC	COM	09062X103	4,585	15,000	SH		DFND	1	15,000	0	0
BLACKROCK INC	COM	09247X101	4,404	14,000	SH		DFND	1	14,000	0	0
BOEING CO/THE	COM	097023105	6,149	49,000	SH		DFND	1	49,000	0	0
BOISE CASCADE CO DEL	COM	09739D100	1,361	47,538	SH		SOLE		47,538	0	0
BOSTON PROPERTIES INC	ADR	101121101	1,947	17,000	SH		DFND	1	17,000	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	9,609	185,000	SH		DFND	1	185,000	0	0
BROADCOM CORP CL A	COM	111320107	3,147	100,000	SH		DFND	1	100,000	0	0
BROWN FORMAN CORP CLASS B	COM	115637209	14,533	162,000	SH		DFND	1	162,000	0	0
CAMERON INTERNATIONAL COR	COM	13342B105	5,558	90,000	SH		DFND	1	90,000	0	0
CAMPBELL SOUP CO	COM	134429109	987	22,000	SH		DFND	1	22,000	0	0
CAPITAL ONE FINANCIAL COR	COM	14040H105	9,335	121,000	SH		DFND	1	121,000	0	0
CARDINAL HEALTH INC	COM	14149Y108	11,687	167,000	SH		DFND	1	167,000	0	0
CATERPILLAR INC	COM	149123101	7,056	71,000	SH		DFND	1	71,000	0	0
CBS CORP CLASS B NON VOTI	COM	124857202	7,354	119,000	SH		DFND	1	119,000	0	0
CELGENE CORP	COM	151020104	2,094	15,000	SH		DFND	1	15,000	0	0
CEMEX SAB SPONS ADR PART	ADR	151290889	7,928	628,236	SH		DFND	1	628,236	0	0
CENTURYLINK INC	COM	156700106	2,135	65,000	SH		DFND	1	65,000	0	0
CERNER CORP	COM	156782104	1,687	30,000	SH		DFND	1	30,000	0	0
CHEVRON CORP	COM	166764100	25,088	211,000	SH		DFND	1	211,000	0	0
CHUBB CORP	COM	171232101	2,322	26,000	SH		DFND	1	26,000	0	0
CHURCH + DWIGHT CO INC	COM	171340102	13,315	193,000	SH		DFND	1	193,000	0	0
CIA SIDERURGICA NACL SP A	ADR	20440W105	284	65,400	SH		DFND	1	65,400	0	0
CINTAS CORP	COM	172908105	7,748	130,000	SH		DFND	1	130,000	0	0
CISCO SYSTEMS INC	COM	17275R102	13,043	582,000	SH		DFND	1	582,000	0	0
CITIGROUP INC	COM	172967424	19,036	400,000	SH		DFND	1	400,000	0	0
CME GROUP INC	COM	12572Q105	4,441	60,000	SH		SOLE		60,000	0	0
COCA COLA CO/THE	COM	191216100	16,620	430,000	SH		DFND	1	430,000	0	0
COCA COLA ENTERPRISES	COM	19122T109	1,385	29,000	SH		DFND	1	29,000	0	0
COGNIZANT TECH SOLUTIONS	COM	192446102	3,542	70,000	SH		DFND	1	70,000	0	0
COLGATE PALMOLIVE CO	COM	194162103	5,773	89,000	SH		DFND	1	89,000	0	0
COMCAST CORP CLASS A	COM	20030N101	13,255	265,000	SH		DFND	1	265,000	0	0
CONOCOPHILLIPS	COM	20825C104	8,441	120,000	SH		DFND	1	120,000	0	0
CONSTELLATION BRANDS INC	COM	21036P108	9,687	114,000	SH		DFND	1	114,000	0	0
CORNING INC	COM	219350105	12,596	605,000	SH		DFND	1	605,000	0	0
COSTCO WHOLESALE CORP	COM	22160K105	5,360	48,000	SH		DFND	1	48,000	0	0
COVIDIEN PLC	COM	G2554F113	16,940	230,000	SH		DFND	1	230,000	0	0
CREDICORP LTD	COM	G2519Y108	9,620	70,010	SH		DFND	1	70,010	0	0
CROWN CASTLE INTL CORP	ADR	228227104	8,485	115,000	SH		DFND	1	115,000	0	0
CSX CORP	COM	126408103	3,042	105,000	SH		DFND	1	105,000	0	0
CVS CAREMARK CORP	COM	126650100	10,858	145,000	SH		DFND	1	145,000	0	0
DANAHER CORP	COM	235851102	4,574	61,000	SH		DFND	1	61,000	0	0
DEERE + CO	COM	244199105	8,989	99,000	SH		DFND	1	99,000	0	0
DELPHI AUTOMOTIVE PLC	COM	G27823106	2,443	36,000	SH		DFND	1	36,000	0	0
DELTA AIR LINES INC	COM	247361702	13,860	400,000	SH		DFND	1	400,000	0	0
DEVON ENERGY CORPORATION	COM	25179M103	12,447	186,000	SH		DFND	1	186,000	0	0
DIRECTV	COM	25490A309	4,279	56,000	SH		DFND	1	56,000	0	0
DISCOVER FINANCIAL SERVIC	COM	254709108	8,845	152,000	SH		DFND	1	152,000	0	0
DISH NETWORK CORP A	COM	25470M109	1,493	24,000	SH		DFND	1	24,000	0	0
DOMINION RESOURCES INC/VA	COM	25746U109	4,543	64,000	SH		DFND	1	64,000	0	0
DOW CHEMICAL CO/THE	COM	260543103	12,342	254,000	SH		DFND	1	254,000	0	0
DR PEPPER SNAPPLE GROUP I	COM	26138E109	5,063	93,000	SH		DFND	1	93,000	0	0
DU PONT (E.I.) DE NEMOURS	COM	263534109	6,375	95,000	SH		DFND	1	95,000	0	0
DUKE ENERGY CORP	COM	26441C204	12,816	180,000	SH		DFND	1	180,000	0	0
EASTMAN CHEMICAL CO	COM	277432100	1,552	18,000	SH		DFND	1	18,000	0	0
EATON CORP PLC	COM	G29183103	3,680	49,000	SH		DFND	1	49,000	0	0
EBAY INC	COM	278642103	11,046	200,000	SH		DFND	1	200,000	0	0
ECOLAB INC	COM	278865100	9,069	84,000	SH		DFND	1	84,000	0	0
EDISON INTERNATIONAL	COM	281020107	4,188	74,000	SH		DFND	1	74,000	0	0
ELECTRONIC ARTS INC	COM	285512109	870	30,000	SH		DFND	1	30,000	0	0
ELI LILLY + CO	COM	532457108	10,183	173,000	SH		DFND	1	173,000	0	0
EMC CORP/MA	COM	268648102	6,195	226,000	SH		DFND	1	226,000	0	0
EMERSON ELECTRIC CO	COM	291011104	4,943	74,000	SH		DFND	1	74,000	0	0
EOG RESOURCES INC	COM	26875P101	5,689	29,000	SH		DFND	1	29,000	0	0
EQUITY RESIDENTIAL	ADR	29476L107	2,378	41,000	SH		DFND	1	41,000	0	0
EXELON CORP	COM	30161N101	3,222	96,000	SH		DFND	1	96,000	0	0
EXPRESS SCRIPTS HOLDING C	COM	30219G108	6,758	90,000	SH		DFND	1	90,000	0	0
EXXON MOBIL CORP	COM	30231G102	47,863	490,000	SH		DFND	1	490,000	0	0
FACEBOOK INC A	COM	30303M102	9,155	152,000	SH		DFND	1	152,000	0	0
FEDEX CORP	COM	31428X106	4,509	34,000	SH		DFND	1	34,000	0	0
FIBRIA CELULOSE SA SPON A	ADR	31573A109	2,297	207,704	SH		DFND	1	207,704	0	0
FISERV INC	COM	337738108	1,474	26,000	SH		DFND	1	26,000	0	0
FLOWSERVE CORP	COM	34354P105	6,971	89,000	SH		DFND	1	89,000	0	0
FOMENTO ECONOMICO MEX SP	ADR	344419106	10,376	111,300	SH		DFND	1	111,300	0	0
FORD MOTOR CO	COM	345370860	6,158	395,000	SH		DFND	1	395,000	0	0
FOSTER WHEELER AG	COM	H27178104	6,482	200,000	SH		DFND	1	200,000	0	0
FREEPORT MCMORAN COPPER W	COM	35671D857	3,637	110,000	SH		DFND	1	110,000	0	0
GENERAL DYNAMICS CORP	COM	369550108	7,842	72,000	SH		DFND	1	72,000	0	0
GENERAL ELECTRIC CO	COM	369604103	30,550	1,180,000	SH		DFND	1	1,180,000	0	0
GENERAL MILLS INC	COM	370334104	3,731	72,000	SH		DFND	1	72,000	0	0
GENERAL MOTORS CO	COM	37045V100	3,270	95,000	SH		DFND	1	95,000	0	0
GILEAD SCIENCES INC	COM	375558103	12,751	180,000	SH		DFND	1	180,000	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	6,552	40,000	SH		DFND	1	40,000	0	0
GOOGLE INC CL A	COM	38259P508	34,550	31,000	SH		DFND	1	31,000	0	0
GRUPO TELEVISA SA SPON AD	ADR	40049J206	5,162	155,050	SH		DFND	1	155,050	0	0
HALLIBURTON CO	COM	406216101	5,771	98,000	SH		DFND	1	98,000	0	0
HARLEY DAVIDSON INC	COM	412822108	1,665	25,000	SH		DFND	1	25,000	0	0
HARTFORD FINANCIAL SVCS G	COM	416515104	1,764	50,000	SH		DFND	1	50,000	0	0
HERSHEY CO/THE	COM	427866108	1,670	16,000	SH		DFND	1	16,000	0	0
HESS CORP	COM	42809H107	2,735	33,000	SH		DFND	1	33,000	0	0
HEWLETT PACKARD CO	COM	428236103	6,794	210,000	SH		DFND	1	210,000	0	0
HOME DEPOT INC	COM	437076102	11,474	145,000	SH		DFND	1	145,000	0	0
HOMEAWAY INC	COM	43739Q100	1,018	27,028	SH		SOLE		27,028	0	0
HONEYWELL INTERNATIONAL I	COM	438516106	13,914	150,000	SH		DFND	1	150,000	0	0
HOST HOTELS + RESORTS INC	ADR	44107P104	1,618	80,000	SH		DFND	1	80,000	0	0
ILLUMINA INC	COM	452327109	2,081	14,000	SH		DFND	1	14,000	0	0
INTEL CORP	COM	458140100	14,196	550,000	SH		DFND	1	550,000	0	0
INTERNATIONAL PAPER CO	COM	460146103	5,827	127,000	SH		DFND	1	127,000	0	0
INTL BUSINESS MACHINES CO	COM	459200101	22,547	117,000	SH		DFND	1	117,000	0	0
INTUIT INC	COM	461202103	2,332	30,000	SH		DFND	1	30,000	0	0
ITAU UNIBANCO HLDNG PREF	ADR	465562106	21,185	1,425,625	SH		DFND	1	1,425,625	0	0
JOHNSON + JOHNSON	COM	478160104	30,451	310,000	SH		DFND	1	310,000	0	0
JOHNSON CONTROLS INC	COM	478366107	3,218	68,000	SH		DFND	1	68,000	0	0
JOY GLOBAL INC	COM	481165108	3,654	63,000	SH		DFND	1	63,000	0	0
JPMORGAN CHASE + CO	COM	46625H100	33,087	545,000	SH		DFND	1	545,000	0	0
KEYCORP	COM	493267108	3,418	240,000	SH		DFND	1	240,000	0	0
KIMBERLY CLARK CORP	COM	494368103	4,190	38,000	SH		DFND	1	38,000	0	0
KINDER MORGAN INC	ADR	49456B119	336	192,000	SH		DFND	1	192,000	0	0
KRAFT FOODS GROUP INC	COM	50076Q106	3,646	65,000	SH		DFND	1	65,000	0	0
LAS VEGAS SANDS CORP	COM	517834107	12,762	158,000	SH		DFND	1	158,000	0	0
LENNAR CORP A	COM	526057104	7,722	195,000	SH		DFND	1	195,000	0	0
LINCOLN NATIONAL CORP	COM	534187109	2,534	50,000	SH		DFND	1	50,000	0	0
LOCKHEED MARTIN CORP	COM	539830109	9,467	58,000	SH		DFND	1	58,000	0	0
LOWE S COS INC	COM	548661107	2,938	60,000	SH		DFND	1	60,000	0	0
LYONDELLBASELL INDU CL A	COM	N53745100	10,317	116,000	SH		DFND	1	116,000	0	0
MACY S INC	COM	55616P104	11,860	200,000	SH		DFND	1	200,000	0	0
MARATHON OIL CORP	COM	565849106	2,735	77,000	SH		DFND	1	77,000	0	0
MARATHON PETROLEUM CORP	COM	56585A102	2,786	32,000	SH		DFND	1	32,000	0	0
MARKETO INC	COM	57063L107	372	11,391	SH		SOLE		11,391	0	0
MARRIOTT INTERNATIONAL C	COM	571903202	5,490	98,000	SH		DFND	1	98,000	0	0
MASTERCARD INC CLASS A	COM	57636Q104	8,217	110,000	SH		DFND	1	110,000	0	0
MCDONALD S CORP	COM	580135101	10,294	105,000	SH		DFND	1	105,000	0	0
MCGRAW HILL FINANCIAL INC	COM	580645109	2,057	27,000	SH		DFND	1	27,000	0	0
MCKESSON CORP	COM	58155Q103	4,238	24,000	SH		DFND	1	24,000	0	0
MEDTRONIC INC	COM	585055106	6,769	110,000	SH		DFND	1	110,000	0	0
MELCO CROWN ENTERTAINME A	ADR	585464100	12,133	314,000	SH		DFND	1	314,000	0	0
MERCK + CO. INC.	COM	58933Y105	18,059	318,000	SH		DFND	1	318,000	0	0
METLIFE INC	COM	59156R108	4,753	90,000	SH		DFND	1	90,000	0	0
MICHAEL KORS HOLDINGS LTD	COM	G60754101	1,958	21,000	SH		DFND	1	21,000	0	0
MICRON TECHNOLOGY INC	COM	595112103	5,392	228,000	SH		DFND	1	228,000	0	0
MICROSOFT CORP	COM	594918104	43,040	1,050,000	SH		DFND	1	1,050,000	0	0
MONDELEZ INTERNATIONAL IN	COM	609207105	6,392	185,000	SH		DFND	1	185,000	0	0
MONSANTO CO	COM	61166W101	15,018	132,000	SH		DFND	1	132,000	0	0
MOODY S CORP	COM	615369105	1,982	25,000	SH		DFND	1	25,000	0	0
MORGAN STANLEY	COM	617446448	4,362	140,000	SH		DFND	1	140,000	0	0
MYLAN INC	COM	628530107	2,099	43,000	SH		DFND	1	43,000	0	0
NABORS INDUSTRIES LTD	COM	G6359F103	8,011	325,000	SH		DFND	1	325,000	0	0
NATIONAL OILWELL VARCO IN	COM	637071101	8,957	115,000	SH		DFND	1	115,000	0	0
NEW ORIENTAL EDUCATIO SP	ADR	647581107	7,159	244,000	SH		DFND	1	244,000	0	0
NEWMONT MINING CORP	COM	651639106	1,289	55,000	SH		DFND	1	55,000	0	0
NEWS CORP CLASS A	COM	65249B109	861	50,000	SH		DFND	1	50,000	0	0
NEXTERA ENERGY INC	COM	65339F101	4,303	45,000	SH		DFND	1	45,000	0	0
NIELSEN HOLDINGS NV	COM	N63218106	1,116	25,000	SH		DFND	1	25,000	0	0
NIKE INC CL B	COM	654106103	4,505	61,000	SH		DFND	1	61,000	0	0
NOBLE ENERGY INC	COM	655044105	2,770	39,000	SH		DFND	1	39,000	0	0
NORFOLK SOUTHERN CORP	COM	655844108	3,109	32,000	SH		DFND	1	32,000	0	0
NORTHERN TRUST CORP	COM	665859104	9,833	150,000	SH		DFND	1	150,000	0	0
NORTHROP GRUMMAN CORP	COM	666807102	2,715	22,000	SH		DFND	1	22,000	0	0
NVIDIA CORP	COM	67066G104	1,075	60,000	SH		DFND	1	60,000	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	1,929	13,000	SH		DFND	1	13,000	0	0
OCCIDENTAL PETROLEUM CORP	COM	674599105	7,814	82,000	SH		DFND	1	82,000	0	0
OI SA ADR	ADR	670851104	38	26,930	SH		DFND	1	26,930	0	0
OI SA ADR	ADR	670851203	2,064	1,552,066	SH		DFND	1	1,552,066	0	0
OMNICOM GROUP	COM	681919106	5,589	77,000	SH		DFND	1	77,000	0	0
ORACLE CORP	COM	68389X105	19,690	480,000	SH		DFND	1	480,000	0	0
P G + E CORP	COM	69331C108	2,074	48,000	SH		DFND	1	48,000	0	0
PENTAIR LTD REGISTERED	COM	H6169Q108	1,746	22,000	SH		DFND	1	22,000	0	0
PEPSICO INC	COM	713448108	13,277	159,000	SH		DFND	1	159,000	0	0
PETROLEO BRASILEIRO S.A.	ADR	71654V408	6,430	489,000	SH		DFND	1	489,000	0	0
PETROLEO BRASILEIRO SPON	ADR	71654V101	2,081	150,127	SH		DFND	1	150,127	0	0
PFIZER INC	COM	717081103	31,156	970,000	SH		DFND	1	970,000	0	0
PHILIP MORRIS INTERNATION	COM	718172109	11,871	145,000	SH		DFND	1	145,000	0	0
PHILLIPS 66	COM	718546104	4,855	63,000	SH		DFND	1	63,000	0	0
PIONEER NATURAL RESOURCES	COM	723787107	2,808	15,000	SH		DFND	1	15,000	0	0
PLUM CREEK TIMBER CO	ADR	729251108	841	20,000	SH		DFND	1	20,000	0	0
PNC FINANCIAL SERVICES GR	COM	693475105	6,960	80,000	SH		DFND	1	80,000	0	0
PPG INDUSTRIES INC	COM	693506107	3,290	17,000	SH		DFND	1	17,000	0	0
PPL CORPORATION	COM	69351T106	6,129	185,000	SH		DFND	1	185,000	0	0
PRAXAIR INC	COM	74005P104	3,929	30,000	SH		DFND	1	30,000	0	0
PRECISION CASTPARTS CORP	COM	740189105	3,790	15,000	SH		DFND	1	15,000	0	0
PRICELINE GROUP INC/THE	COM	741503403	7,147	6,000	SH		DFND	1	6,000	0	0
PRINCIPAL FINANCIAL GROUP	COM	74251V102	1,472	32,000	SH		DFND	1	32,000	0	0
PROCTER + GAMBLE CO/THE	COM	742718109	20,956	260,000	SH		DFND	1	260,000	0	0
PRUDENTIAL FINANCIAL INC	COM	744320102	4,063	48,000	SH		DFND	1	48,000	0	0
PUBLIC SERVICE ENTERPRISE	COM	744573106	12,208	320,000	SH		DFND	1	320,000	0	0
PUBLIC STORAGE	ADR	74460D109	2,527	15,000	SH		DFND	1	15,000	0	0
PVH CORP	COM	693656100	7,736	62,000	SH		DFND	1	62,000	0	0
QUALCOMM INC	COM	747525103	14,510	184,000	SH		DFND	1	184,000	0	0
RAYTHEON COMPANY	COM	755111507	3,557	36,000	SH		DFND	1	36,000	0	0
RED HAT INC	COM	756577102	1,112	21,000	SH		DFND	1	21,000	0	0
ROCKWELL AUTOMATION INC	COM	773903109	1,993	16,000	SH		DFND	1	16,000	0	0
ROYAL CARIBBEAN CRUISES L	COM	V7780T103	4,800	88,000	SH		DFND	1	88,000	0	0
SALESFORCE.COM INC	COM	79466L302	3,196	56,000	SH		DFND	1	56,000	0	0
SANDISK CORP	COM	80004C101	2,273	28,000	SH		DFND	1	28,000	0	0
SBA COMMUNICATIONS CORP C	COM	78388J106	1,273	14,000	SH		DFND	1	14,000	0	0
SCHLUMBERGER LTD	COM	806857108	14,139	145,000	SH		DFND	1	145,000	0	0
SEAGATE TECHNOLOGY	COM	G7945M107	1,966	35,000	SH		DFND	1	35,000	0	0
SEALED AIR CORP	COM	81211K100	5,424	165,000	SH		DFND	1	165,000	0	0
SIMON PROPERTY GROUP INC	ADR	828806109	5,576	34,000	SH		DFND	1	34,000	0	0
SINA CORP	COM	G81477104	3,805	63,000	SH		DFND	1	63,000	0	0
SOUTHERN CO/THE	COM	842587107	3,954	90,000	SH		DFND	1	90,000	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	1,610	35,000	SH		DFND	1	35,000	0	0
ST JUDE MEDICAL INC	COM	790849103	2,223	34,000	SH		DFND	1	34,000	0	0
STARBUCKS CORP	COM	855244109	5,723	78,000	SH		DFND	1	78,000	0	0
STARWOOD HOTELS + RESORTS	COM	85590A401	13,850	174,000	SH		DFND	1	174,000	0	0
STATE STREET CORP	COM	857477103	3,130	45,000	SH		DFND	1	45,000	0	0
STERICYCLE INC	COM	858912108	7,039	62,000	SH		DFND	1	62,000	0	0
STRYKER CORP	COM	863667101	2,281	28,000	SH		DFND	1	28,000	0	0
SYSCO CORP	COM	871829107	7,951	220,000	SH		DFND	1	220,000	0	0
TARGET CORP	COM	87612E106	4,235	70,000	SH		DFND	1	70,000	0	0
TD AMERITRADE HOLDING COR	COM	87236Y108	849	25,000	SH		DFND	1	25,000	0	0
TE CONNECTIVITY LTD	COM	H84989104	2,770	46,000	SH		DFND	1	46,000	0	0
TEXAS INSTRUMENTS INC	COM	882508104	5,894	125,000	SH		DFND	1	125,000	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	10,341	86,000	SH		DFND	1	86,000	0	0
TIME WARNER CABLE	COM	88732J207	4,253	31,000	SH		DFND	1	31,000	0	0
TIME WARNER INC	COM	887317303	6,532	100,000	SH		DFND	1	100,000	0	0
TJX COMPANIES INC	COM	872540109	6,065	100,000	SH		DFND	1	100,000	0	0
TOLL BROTHERS INC	COM	889478103	4,127	115,000	SH		DFND	1	115,000	0	0
TRAVELERS COS INC/THE	COM	89417E109	3,489	41,000	SH		DFND	1	41,000	0	0
TWENTY FIRST CENTURY FOX	COM	90130A101	5,114	160,000	SH		DFND	1	160,000	0	0
TYCO INTERNATIONAL LTD	COM	H89128104	2,120	50,000	SH		DFND	1	50,000	0	0
UNION PACIFIC CORP	COM	907818108	9,384	50,000	SH		DFND	1	50,000	0	0
UNITED PARCEL SERVICE CL	COM	911312106	18,991	195,000	SH		DFND	1	195,000	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	20,913	179,000	SH		DFND	1	179,000	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	9,101	111,000	SH		DFND	1	111,000	0	0
US BANCORP	COM	902973304	20,187	471,000	SH		DFND	1	471,000	0	0
VALE SA SP ADR	ADR	91912E105	19,687	1,423,507	SH		DFND	1	1,423,507	0	0
VALERO ENERGY CORP	COM	91913Y100	3,187	60,000	SH		DFND	1	60,000	0	0
VERIZON COMMUNICATIONS IN	COM	92343V104	13,790	290,000	SH		DFND	1	290,000	0	0
VIACOM INC CLASS B	COM	92553P201	3,740	44,000	SH		DFND	1	44,000	0	0
VISA INC CLASS A SHARES	COM	92826C839	10,786	50,000	SH		DFND	1	50,000	0	0
VULCAN MATERIALS CO	COM	929160109	6,643	100,000	SH		DFND	1	100,000	0	0
WAL MART STORES INC	COM	931142103	13,605	178,000	SH		DFND	1	178,000	0	0
WALGREEN CO	COM	931422109	6,471	98,000	SH		DFND	1	98,000	0	0
WALT DISNEY CO/THE	COM	254687106	16,092	201,000	SH		DFND	1	201,000	0	0
WELLPOINT INC	COM	94973V107	3,089	31,000	SH		DFND	1	31,000	0	0
WELLS FARGO + CO	COM	949746101	28,501	573,000	SH		DFND	1	573,000	0	0
WESTERN DIGITAL CORP	COM	958102105	4,224	46,000	SH		DFND	1	46,000	0	0
WEYERHAEUSER CO	ADR	962166104	1,937	66,000	SH		DFND	1	66,000	0	0
WHITEWAVE FOODS CO CL A	COM	966244105	11,412	400,000	SH		DFND	1	400,000	0	0
WILLIAMS COS INC	COM	969457100	3,044	75,000	SH		DFND	1	75,000	0	0
WISCONSIN ENERGY CORP	COM	976657106	11,028	237,000	SH		DFND	1	237,000	0	0
WYNN RESORTS LTD	COM	983134107	1,999	9,000	SH		DFND	1	9,000	0	0
XILINX INC	COM	983919101	1,628	30,000	SH		DFND	1	30,000	0	0
YUM BRANDS INC	COM	988498101	5,655	75,000	SH		DFND	1	75,000	0	0
ZIMMER HOLDINGS INC	COM	98956P102	11,351	120,000	SH		DFND	1	120,000	0	0