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
3M CO COM 88579Y101 19,893 111,400 SH   DFND 1 111,400 0 0
ACADIA PHARMACEUTICALS INC COM 004225108 1,730 60,000 SH   DFND 1 60,000 0 0
ALLERGAN PLC SPONSORED ADR G0177J108 12,496 59,500 SH   DFND 1 59,500 0 0
ALPHABET INC CL C 38259P706 3,010 3,900 SH   DFND 1 0 0 3,900
AMERICAN EXPRESS CO COM 025816109 1,304 17,600 SH   DFND 1 17,600 0 0
AMGEN INC COM 031162100 6,901 47,200 SH   DFND 1 47,200 0 0
Anheuser-Busch InBev SPONSORED ADR 03524A108 633 6,000 SH   DFND 1 6,000 0 0
BECTON DICKINSON & CO COM 075887109 4,652 28,100 SH   DFND 1 28,100 0 0
BERKSHIRE HATHAWAY INC CL A 084670108 170,641 699 SH   DFND 1 699 0 0
BIOGEN INC COM 09062X103 7,090 25,000 SH   DFND 1 25,000 0 0
Boeing CO COM 097023105 11,816 75,900 SH   DFND 1 75,900 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 4,015 68,700 SH   DFND 1 68,700 0 0
CELGENE CORP COM 151020104 8,311 71,800 SH   DFND 1 71,800 0 0
CHICAGO BRIDGE & IRON CO N V N Y REGISTRY SH 167250109 7,049 222,000 SH   DFND 1 222,000 0 0
CISCO SYSTEMS INC COM 17275R102 7,105 235,100 SH   DFND 1 235,100 0 0
COCA COLA CO COM 191216100 1,907 46,000 SH   DFND 1 46,000 0 0
DANAHER CORP COM 235851102 16,378 210,400 SH   DFND 1 210,400 0 0
DAVITA HEALTHCARE PARTNERS INC COM 23918K108 18,547 288,900 SH   DFND 1 288,900 0 0
DEERE & COMPANY COM 244199105 5,193 50,400 SH   DFND 1 50,400 0 0
DIAMOND OFFSHORE DRILLING INC COM 25271C102 1,945 109,900 SH   DFND 1 109,900 0 0
EXXON MOBIL CORPORATION COM 30231G102 10,063 111,493 SH   DFND 1 111,493 0 0
FORTIVE CORP COM 34959J108 5,642 105,200 SH   DFND 1 105,200 0 0
GILEAD SCIENCES INC COM 375558103 2,793 39,000 SH   DFND 1 39,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 79,244 477,400 SH   DFND 1 477,400 0 0
INTUITIVE SURGICAL INC COM 46120E602 4,928 7,770 SH   DFND 1 7,770 0 0
JOHNSON & JOHNSON COM 478160104 19,805 171,900 SH   DFND 1 171,900 0 0
KRAFT HEINZ COMPANY COM 500754106 1,687 19,320 SH   DFND 1 19,320 0 0
LIGAND PHARMACEUTICALS INC COM 53220K504 1,016 10,000 SH   DFND 1 10,000 0 0
MASTERCARD INC CL A 57636Q104 1,033 10,000 SH   DFND 1 10,000 0 0
MCDONALDS CORP COM 580135101 1,225 10,060 SH   DFND 1 10,060 0 0
MEDTRONIC INC COM 585055106 4,487 63,000 SH   DFND 1 63,000 0 0
NATIONAL OILWELL VARCO INC COM 637071101 16,707 446,240 SH   DFND 1 446,240 0 0
NESTLE SPONSORED ADR 641069406 2,970 41,400 SH   DFND 1 41,400 0 0
NOVO-NORDISK A S SPONSORED ADR 670100205 14,746 411,200 SH   DFND 1 411,200 0 0
NOW INC COM 67011P100 1,140 55,675 SH   DFND 1 55,675 0 0
PHILLIPS 66 COM 718546104 24,722 286,100 SH   DFND 1 286,100 0 0
POTASH CORP SASK INC COM 73755L107 14,924 825,000 SH   DFND 1 825,000 0 0
PRAXAIR INC COM 74005P104 17,698 151,020 SH   DFND 1 151,020 0 0
ROCHE HOLDING A G SPONSORED ADR 771195104 4,879 171,000 SH   DFND 1 171,000 0 0
ROPER TECHNOGIES INC COM 776696106 12,925 70,600 SH   DFND 1 70,600 0 0
SANOFI SPONSORED ADR 80105N105 7,777 192,300 SH   DFND 1 192,300 0 0
STERICYCLE INC COM 858912108 10,015 130,000 SH   DFND 1 130,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 12,409 113,200 SH   DFND 1 113,200 0 0
UNITED THERAPEUTICS CORP COM 91307C102 2,854 19,900 SH   DFND 1 19,900 0 0
US BANCORP COM 902973304 5,800 112,900 SH   DFND 1 111,290 0 0
VISA INC CL A 92826C839 13,412 171,900 SH   DFND 1 171,900 0 0
WELLS FARGO & CO COM 949746101 98,178 1,781,500 SH   DFND 1 1,781,500 0 0