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
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
ERICSSON ADR B SEK 10 294821608 131 13,775 SH   DFND   13,775 0 0
BANK AMER CORP COM 060505104 215 7,418 SH   DFND   7,418 0 0
COPART INC COM 217204106 661 8,840 SH   DFND   8,840 0 0
AMDOCS LTD SHS G02602103 319 5,139 SH   DFND   5,139 0 0
KROGER CO COM 501044101 518 23,850 SH   DFND   23,850 0 0
GAP INC COM 364760108 189 10,508 SH   DFND   10,508 0 0
STEEL DYNAMICS INC COM 858119100 214 7,100 SH   DFND   7,100 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 540 24,275 SH   DFND   24,275 0 0
SAP SE SPON ADR 803054204 260 1,903 SH   DFND   1,903 0 0
CARLISLE COS INC COM 142339100 616 4,386 SH   DFND   4,386 0 0
PROGRESSIVE CORP OHIO COM 743315103 248 3,101 SH   DFND   3,101 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 202 1,174 SH   DFND   1,174 0 0
JPMORGAN CHASE & CO COM 46625H100 266 2,377 SH   DFND   2,377 0 0
VAIL RESORTS INC COM 91879Q109 1,144 5,124 SH   DFND   5,124 0 0
TOTAL SYS SVCS INC COM 891906109 439 3,421 SH   DFND   3,421 0 0
DUPONT DE NEMOURS INC COM A 26614N102 369 4,914 SH   DFND   4,914 0 0
SUNTRUST BKS INC COM 867914103 209 3,330 SH   DFND   3,330 0 0
ALTRIA GROUP INC COM 02209S103 530 11,202 SH   DFND   11,202 0 0
BOOKING HLDGS INC COM 09857L108 360 192 SH   DFND   192 0 0
SMUCKER J M CO COM NEW 832696405 542 4,709 SH   DFND   4,709 0 0
XEROX CORP COM NEW 984121608 825 23,296 SH   DFND   23,296 0 0
PEPSICO INC COM 713448108 341 2,601 SH   DFND   2,601 0 0
CONAGRA BRANDS INC COM 205887102 271 10,201 SH   DFND   10,201 0 0
HERSHEY CO COM 427866108 773 5,768 SH   DFND   5,768 0 0
CERNER CORP COM 156782104 205 2,800 SH   DFND   2,800 0 0
FORD MTR CO DEL COM 345370860 245 23,953 SH   DFND   23,953 0 0
KELLOGG CO COM 487836108 426 7,953 SH   DFND   7,953 0 0
UNION PACIFIC CORP COM 907818108 213 1,260 SH   DFND   1,260 0 0
BLACKBERRY LTD COM 09228F103 100 13,395 SH   DFND   13,395 0 0
DISNEY WALT CO COM DISNEY 254687106 1,049 7,510 SH   DFND   7,510 0 0
DENTSPLY SIRONA INC COM 24906P109 201 3,438 SH   DFND   3,438 0 0
HOLOGIC INC COM 436440101 551 11,483 SH   DFND   11,483 0 0
SAREPTA THERAPEUTICS INC COM 803607100 711 4,677 SH   DFND   4,677 0 0
AMBEV SA SPONSORED ADR 02319V103 48 10,200 SH   DFND   10,200 0 0
HEICO CORP NEW CL A 422806208 215 2,077 SH   DFND   2,077 0 0
ORACLE CORP COM 68389X105 1,585 27,819 SH   DFND   27,819 0 0
MATTEL INC COM 577081102 130 11,614 SH   DFND   11,614 0 0
TARGET CORP COM 87612E106 304 3,505 SH   DFND   3,505 0 0
EQT CORP COM 26884L109 255 16,153 SH   DFND   16,153 0 0
GENESEE & WYO INC CL A 371559105 255 2,548 SH   DFND   2,548 0 0
CAMPBELL SOUP CO COM 134429109 385 9,620 SH   DFND   9,620 0 0
RED HAT INC COM 756577102 238 1,266 SH   DFND   1,266 0 0
RAYTHEON CO COM NEW 755111507 437 2,516 SH   DFND   2,516 0 0
UNIVERSAL DISPLAY CORP COM 91347P105 235 1,250 SH   DFND   1,250 0 0
TRANSOCEAN LTD REG SHS H8817H100 81 12,677 SH   DFND   12,677 0 0
HASBRO INC COM 418056107 1,116 10,558 SH   DFND   10,558 0 0
SLM CORP COM 78442P106 115 11,804 SH   DFND   11,804 0 0
YUM BRANDS INC COM 988498101 440 3,972 SH   DFND   3,972 0 0
SMITH A O CORP COM 831865209 356 7,546 SH   DFND   7,546 0 0