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
ABBOTT LABS COM 002824100 338 8,128 SH   DFND 8,128 0 0
AMERICAN STS WTR CO COM 029899101 1,010 33,185 SH   DFND 33,185 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 6,073 125,916 SH   DFND 125,916 0 0
ANSYS INC COM 03662Q105 568 7,500 SH   DFND 7,500 0 0
AQUA AMERICA INC COM 03836W103 3,780 160,671 SH   DFND 160,671 0 0
AUTODESK INC COM 052769106 496 9,000 SH   DFND 9,000 0 0
CALGON CARBON CORP COM 129603106 1,108 57,164 SH   DFND 57,164 0 0
CALIFORNIA WTR SVC GROUP COM 130788102 1,229 54,742 SH   DFND 54,742 0 0
CANADIAN SOLAR INC COM 136635109 787 22,000 SH   DFND 22,000 0 0
CELANESE CORP DEL COM SER A 150870103 218 3,732 SH   DFND 3,732 0 0
CHUBB CORP COM 171232101 457 5,019 SH   DFND 5,019 0 0
CISCO SYS INC COM 17275R102 385 15,282 SH   DFND 15,282 0 0
CLEAN ENERGY FUELS CORP COM 184499101 452 58,000 SH   DFND 58,000 0 0
COCA COLA CO COM 191216100 216 5,069 SH   DFND 5,069 0 0
COLGATE PALMOLIVE CO COM 194162103 300 4,594 SH   DFND 4,594 0 0
CONSOLIDATED WATER CO INC ORD G23773107 634 54,300 SH   DFND 54,300 0 0
CONTROL4 CORP COM 21240D107 194 15,000 SH   DFND 15,000 0 0
DANAHER CORP DEL COM 235851102 7,890 103,840 SH   DFND 103,840 0 0
DOLLAR TREE INC COM 256746108 267 4,766 SH   DFND 4,766 0 0
EMERSON ELEC CO COM 291011104 498 7,957 SH   DFND 7,957 0 0
ENPHASE ENERGY INC COM 29355A107 375 25,000 SH   DFND 25,000 0 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 808 52,000 SH   DFND 52,000 0 0
FIRST SOLAR INC COM 336433107 1,250 19,000 SH   DFND 19,000 0 0
FLOWSERVE CORP COM 34354P105 2,725 38,647 SH   DFND 38,647 0 0
FOSSIL GROUP INC COM 34988V106 340 3,620 SH   DFND 3,620 0 0
FRANKLIN ELEC INC COM 353514102 1,049 30,208 SH   DFND 30,208 0 0
FUELCELL ENERGY INC COM 35952H106 251 120,000 SH   DFND 120,000 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 308 8,273 SH   DFND 8,273 0 0
HEXCEL CORP NEW COM 428291108 596 15,000 SH   DFND 15,000 0 0
HYDROGENICS CORP NEW COM NEW 448883207 236 14,000 SH   DFND 14,000 0 0
IDEX CORP COM 45167R104 1,469 20,299 SH   DFND 20,299 0 0
ILLINOIS TOOL WKS INC COM 452308109 319 3,783 SH   DFND 3,783 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 392 2,067 SH   DFND 2,067 0 0
INTERNATIONAL RECTIFIER CORP COM 460254105 589 15,000 SH   DFND 15,000 0 0
L BRANDS INC COM 501797104 474 7,075 SH   DFND 7,075 0 0
MASTERCARD INC CL A 57636Q104 321 4,346 SH   DFND 4,346 0 0
MCDONALDS CORP COM 580135101 246 2,597 SH   DFND 2,597 0 0
MICROSOFT CORP COM 594918104 508 10,963 SH   DFND 10,963 0 0
MONOLITHIC PWR SYS INC COM 609839105 529 12,000 SH   DFND 12,000 0 0
NEW JERSEY RES COM 646025106 657 13,000 SH   DFND 13,000 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 613 6,372 SH   DFND 6,372 0 0
ON SEMICONDUCTOR CORP COM 682189105 492 55,000 SH   DFND 55,000 0 0
ONEOK INC NEW COM 682680103 236 3,600 SH   DFND 3,600 0 0
ORACLE CORP COM 68389X105 376 9,828 SH   DFND 9,828 0 0
PARKER HANNIFIN CORP COM 701094104 2,206 19,323 SH   DFND 19,323 0 0
PENTAIR PLC SHS G7S00T104 3,109 47,467 SH   DFND 47,467 0 0
PEPSICO INC COM 713448108 261 2,800 SH   DFND 2,800 0 0
PERKINELMER INC COM 714046109 3,321 76,183 SH   DFND 76,183 0 0
PFIZER INC COM 717081103 590 19,962 SH   DFND 19,962 0 0
POWER INTEGRATIONS INC COM 739276103 431 8,000 SH   DFND 8,000 0 0
PRAXAIR INC COM 74005P104 387 3,000 SH   DFND 3,000 0 0
REPUBLIC SVCS INC COM 760759100 2,969 76,075 SH   DFND 76,075 0 0
REXNORD CORP NEW COM 76169B102 1,120 39,395 SH   DFND 39,395 0 0
ROCKWOOD HLDGS INC COM 774415103 841 11,000 SH   DFND 11,000 0 0
SEALED AIR CORP NEW COM 81211K100 3,031 86,903 SH   DFND 86,903 0 0
SEMGROUP CORP CL A 81663A105 333 4,000 SH   DFND 4,000 0 0
SEMPRA ENERGY COM 816851109 422 4,000 SH   DFND 4,000 0 0
SMITH A O COM 831865209 3,137 66,342 SH   DFND 66,342 0 0
SPECTRA ENERGY CORP COM 847560109 609 15,500 SH   DFND 15,500 0 0
SPX CORP COM 784635104 1,198 12,765 SH   DFND 12,765 0 0
SUNEDISON INC COM 86732Y109 227 12,000 SH   DFND 12,000 0 0
SUNPOWER CORP COM 867652406 610 18,000 SH   DFND 18,000 0 0
TETRA TECH INC NEW COM 88162G103 1,054 42,214 SH   DFND 42,214 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 8,040 66,065 SH   DFND 66,065 0 0
TRIMBLE NAVIGATION LTD COM 896239100 2,393 78,455 SH   DFND 78,455 0 0
UGI CORP NEW COM 902681105 358 10,500 SH   DFND 10,500 0 0
UIL HLDG CORP COM 902748102 425 12,000 SH   DFND 12,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102 361 4,189 SH   DFND 4,189 0 0
VALMONT INDS INC COM 920253101 846 6,269 SH   DFND 6,269 0 0
VMWARE INC CL A COM 928563402 704 7,500 SH   DFND 7,500 0 0
WASTE MGMT INC DEL COM 94106L109 2,198 46,252 SH   DFND 46,252 0 0
WATERS CORP COM 941848103 3,099 31,269 SH   DFND 31,269 0 0
WELLS FARGO & CO NEW COM 949746101 446 8,591 SH   DFND 8,591 0 0
XYLEM INC COM 98419M100 4,056 114,262 SH   DFND 114,262 0 0