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
QUEST DIAGNOSTICS INC COM 74834L100 880 9,400 SH   DFND   9,400 0 0
ZIMMER BIOMET HOLDINGS INC COM 98956P102 1,044 8,900 SH   DFND   8,900 0 0
AMEDISYS INC COM 023436108 1,074 19,200 SH   DFND   19,200 0 0
EPLUS INC COM 294268107 2,191 23,700 SH   DFND   23,700 0 0
MONOLITHIC POWER SYSTEMS INC COM 609839105 1,750 16,400 SH   DFND   16,400 0 0
ALPHABET INC-CL A COM 02079K305 3,855 3,960 SH   DFND   3,960 0 0
AMERICAN WATER WORKS CO INC COM 030420103 3,112 38,470 SH   DFND   38,470 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 3,287 47,850 SH   DFND   47,850 0 0
POTASH CORP OF SASKATCHEWAN COM 73755L107 1,883 96,900 SH   DFND   96,900 0 0
XILINX INC COM 983919101 3,258 46,000 SH   DFND   46,000 0 0
EXXON MOBIL CORP COM 30231G102 1,885 23,000 SH   DFND   23,000 0 0
COSTCO WHOLESALE CORP COM 22160K105 3,088 18,800 SH   DFND   18,800 0 0
MARRIOTT VACATIONS WORLD COM 57164Y107 1,823 14,600 SH   DFND   14,600 0 0
ITRON INC COM 465741106 2,098 27,100 SH   DFND   27,100 0 0
MERCK & CO. INC. COM 58933Y105 3,805 59,000 SH   DFND   59,000 0 0
INTUIT INC COM 461202103 2,828 19,900 SH   DFND   19,900 0 0
JPMORGAN CHASE & CO COM 46625H100 3,925 41,100 SH   DFND   41,100 0 0
WRIGHT MEDICAL GROUP NV COM N96617118 1,060 41,000 SH   DFND   41,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 2,802 86,000 SH   DFND   86,000 0 0
ATMOS ENERGY CORP COM 049560105 1,802 21,500 SH   DFND   21,500 0 0
MSCI INC COM 55354G100 2,104 18,000 SH   DFND   18,000 0 0
PS BUSINESS PARKS INC/CA COM 69360J107 1,481 11,100 SH   DFND   11,100 0 0
INGEVITY CORP COM 45688C107 1,336 21,400 SH   DFND   21,400 0 0
ROSS STORES INC COM 778296103 1,162 18,000 SH   DFND   18,000 0 0
NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 3,194 59,100 SH   DFND   59,100 0 0
MICROSOFT CORP COM 594918104 1,184 15,900 SH   DFND   15,900 0 0
APPLIED MATERIALS INC COM 038222105 3,896 74,800 SH   DFND   74,800 0 0
CISCO SYSTEMS INC COM 17275R102 1,008 30,000 SH   DFND   30,000 0 0
GILEAD SCIENCES INC COM 375558103 3,402 42,000 SH   DFND   42,000 0 0
STEWART INFORMATION SERVICES COM 860372101 822 21,795 SH   DFND   21,795 0 0
INTERFACE INC COM 458665304 1,598 73,000 SH   DFND   73,000 0 0
HEALTHCARE SERVICES GROUP COM 421906108 1,586 29,400 SH   DFND   29,400 0 0
INOGEN INC COM 45780L104 2,044 21,500 SH   DFND   21,500 0 0
SERVICE CORP INTERNATIONAL COM 817565104 2,028 58,800 SH   DFND   58,800 0 0
JETBLUE AIRWAYS CORP COM 477143101 837 45,200 SH   DFND   45,200 0 0
EASTGROUP PROPERTIES INC COM 277276101 1,665 18,900 SH   DFND   18,900 0 0
AMAZON.COM INC COM 023135106 951 990 SH   DFND   990 0 0
DOLLAR GENERAL CORP COM 256677105 2,026 25,000 SH   DFND   25,000 0 0
ALTRIA GROUP INC COM 02209S103 3,460 54,000 SH   DFND   54,000 0 0
GREEN DOT CORP-CLASS A COM 39304D102 1,001 20,200 SH   DFND   20,200 0 0
INTEGRA LIFESCIENCES HOLDING COM 457985208 1,029 20,400 SH   DFND   20,400 0 0
AQUA AMERICA INC COM 03836W103 600 18,100 SH   DFND   18,100 0 0
PRICELINE GROUP INC/THE COM 741503403 952 520 SH   DFND   520 0 0
REPUBLIC SERVICES INC COM 760759100 3,937 59,300 SH   DFND   59,300 0 0
XYLEM INC COM 98419M100 2,567 41,000 SH   DFND   41,000 0 0
CHUBB LTD COM H1467J104 1,790 12,500 SH   DFND   12,500 0 0
BROADRIDGE FINANCIAL SOLUTIO COM 11133T103 1,704 21,000 SH   DFND   21,000 0 0
OLLIE'S BARGAIN OUTLET HOLDI COM 681116109 1,911 41,200 SH   DFND   41,200 0 0
HAIN CELESTIAL GROUP INC COM 405217100 699 17,000 SH   DFND   17,000 0 0
LAMB WESTON HOLDINGS INC COM 513272104 1,589 33,900 SH   DFND   33,900 0 0
MONDELEZ INTERNATIONAL INC-A COM 609207105 2,906 71,100 SH   DFND   71,100 0 0
BROADCOM LTD SHS Y09827109 2,910 12,000 SH   DFND   12,000 0 0
FACEBOOK INC-A COM 30303M102 3,451 20,200 SH   DFND   20,200 0 0
SCHLUMBERGER LTD COM 806857108 1,960 27,900 SH   DFND   27,900 0 0
DIAMONDBACK ENERGY INC COM 25278X109 1,469 15,000 SH   DFND   15,000 0 0
FORTIVE CORP COM 34959J108 3,397 48,000 SH   DFND   48,000 0 0
NAVIGATORS GROUP INC COM 638904102 1,167 20,000 SH   DFND   20,000 0 0
ILLUMINA INC COM 452327109 2,031 10,200 SH   DFND   10,200 0 0
BLACKROCK INC COM 09247X101 1,560 3,490 SH   DFND   3,490 0 0
WEYERHAEUSER CO COM 962166104 1,647 48,400 SH   DFND   48,400 0 0
HALLIBURTON CO COM 406216101 962 20,900 SH   DFND   20,900 0 0
T-MOBILE US INC COM 872590104 1,350 21,900 SH   DFND   21,900 0 0
BARNES GROUP INC COM 067806109 1,598 22,700 SH   DFND   22,700 0 0