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
ABBVIE INC COM 00287Y109 23,796 380,000 SH   SOLE   380,000 0 0
ACADIA RLTY TR COM SH BEN INT 004239109 1,092 33,400 SH   DFND 1 33,400 0 0
ADAM NAT RES FD INC COM 00548F105 44,107 2,186,774 SH   SOLE   2,186,774 0 0
ADOBE SYS INC COM 00724F101 18,119 176,000 SH   SOLE   176,000 0 0
ADVANCED ENERGY INDS COM 007973100 881 16,100 SH   DFND 1 16,100 0 0
AEGION CORP COM 00770F104 1,097 46,300 SH   DFND 1 46,300 0 0
AETNA INC NEW COM 00817Y108 22,805 183,900 SH   SOLE   183,900 0 0
AIRCASTLE LTD COM G0129K104 1,184 56,800 SH   DFND 1 56,800 0 0
ALLEGIANT TRAVEL CO COM 01748X102 1,048 6,300 SH   DFND 1 6,300 0 0
ALLERGAN PLC SHS G0177J108 22,491 107,096 SH   SOLE   107,096 0 0
ALLETE INC COM NEW 018522300 1,091 17,000 SH   DFND 1 17,000 0 0
ALPHABET INC CL A 38259P508 28,132 35,500 SH   SOLE   35,500 0 0
ALPHABET INC CL C 38259P706 27,474 35,597 SH   SOLE   35,597 0 0
AMAG PHARMACEUTICALS INC COM 00163U106 790 22,700 SH   DFND 1 22,700 0 0
AMAZON COM INC COM 023135106 33,069 44,100 SH   SOLE   44,100 0 0
AMERICAN EXPRESS CO COM 025816109 11,682 157,700 SH   SOLE   157,700 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 18,483 283,000 SH   SOLE   283,000 0 0
AMERICAN TOWER CORP NEW COM 03027X100 11,096 105,000 SH   SOLE   105,000 0 0
AMGEN INC COM 031162100 15,279 104,500 SH   SOLE   104,500 0 0
AMKOR TECHNOLOGY INC COM 031652100 737 69,900 SH   DFND 1 69,900 0 0
AMTRUST FINL SVCS INC COM 032359309 898 32,800 SH   DFND 1 32,800 0 0
ANADARKO PETE CORP COM 032511107 13,291 190,600 SH   SOLE   190,600 0 0
APPLE INC COM 037833100 55,652 480,500 SH   SOLE   480,500 0 0
AVALONBAY CMNTYS INC COM 053484101 9,531 53,800 SH   SOLE   53,800 0 0
BANK OF AMERICA CORP. COM 060505104 25,205 1,140,500 SH   SOLE   1,140,500 0 0
BANKRATE INC DEL COM 06647F102 1,324 119,800 SH   DFND 1 119,800 0 0
BELDEN INC COM 077454106 994 13,300 SH   DFND 1 13,300 0 0
BENCHMARK ELECTRS INC COM 08160H101 1,138 37,300 SH   DFND 1 37,300 0 0
BIOGEN INC COM 09062X103 13,328 47,000 SH   SOLE   47,000 0 0
BIOSPECIFICS TECHNOLOGIES C COM 090931106 808 14,500 SH   DFND 1 14,500 0 0
BLACKROCK INC COM 09247X101 22,147 58,200 SH   SOLE   58,200 0 0
BOEING CO COM 097023105 31,914 205,000 SH   SOLE   205,000 0 0
BROADCOM LTD SHS Y09827109 15,697 88,800 SH   SOLE   88,800 0 0
CAPITAL BK FINL CORP CL A COM 139794101 1,232 31,400 SH   DFND 1 31,400 0 0
CARDTRONICS PLC SHS CL A G1991C105 1,102 20,200 SH   DFND 1 20,200 0 0
CATHAY GEN BANCORP COM 149150104 1,228 32,300 SH   DFND 1 32,300 0 0
CENTERPOINT ENERGY INC COM 15189T107 9,881 401,000 SH   SOLE   401,000 0 0
CENTRAL GARDEN & PET CO CL A NON-VTG 153527205 1,323 42,800 SH   DFND 1 42,800 0 0
CENTRAL PAC FINL CORP COM NEW 154760409 1,251 39,800 SH   DFND 1 39,800 0 0
CHEMOCENTRYX INC COM 16383L106 633 85,500 SH   DFND 1 85,500 0 0
CHUBB LTD COM H1467J104 21,073 159,500 SH   SOLE   159,500 0 0
CIRRUS LOGIC INC COM 172755100 701 12,400 SH   DFND 1 12,400 0 0
CISCO SYS INC COM 17275R102 13,478 446,000 SH   SOLE   446,000 0 0
CNO FINL GROUP INC COM 12621E103 1,067 55,700 SH   DFND 1 55,700 0 0
COCA COLA CO COM 191216100 19,279 465,000 SH   SOLE   465,000 0 0
COLLECTORS UNIVERSE INC COM NEW 19421R200 1,070 50,400 SH   DFND 1 50,400 0 0
COMCAST CORP NEW CL A 20030N101 38,654 559,800 SH   SOLE   559,800 0 0
COMMVAULT SYSTEMS INC COM 204166102 987 19,200 SH   DFND 1 19,200 0 0
CONCHO RES INC COM 20605P101 9,667 72,900 SH   SOLE   72,900 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 1,279 49,300 SH   DFND 1 49,300 0 0
CONSOLIDATED COMM HLDGS INC COM 209034107 787 29,300 SH   DFND 1 29,300 0 0
CONTINENTAL BLDG PRODS INC COM 211171103 1,028 44,500 SH   DFND 1 44,500 0 0
CSG SYS INTL INC COM 126349109 857 17,700 SH   DFND 1 17,700 0 0
CUBESMART COM 229663109 1,073 40,100 SH   DFND 1 40,100 0 0
CURTISS WRIGHT CORP COM 231561101 1,338 13,600 SH   DFND 1 13,600 0 0
CUSTOMERS BANCORP INC COM 23204G100 1,254 35,000 SH   DFND 1 35,000 0 0
CVS HEALTH CORP COM 126650100 19,522 247,400 SH   SOLE   247,400 0 0
CYRUSONE INC COM 23283R100 989 22,100 SH   DFND 1 22,100 0 0
DANA HLDG CORP COM 235825205 1,222 64,400 SH   DFND 1 64,400 0 0
DARLING INGREDIENTS INC COM 237266101 891 69,000 SH   DFND 1 69,000 0 0
DCT INDUSTRIAL TRUST INC COM NEW 233153204 1,106 23,100 SH   DFND 1 23,100 0 0
DEAN FOODS CO NEW COM NEW 242370203 974 44,700 SH   DFND 1 44,700 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 13,881 282,200 SH   SOLE   282,200 0 0
DELUXE CORP COM 248019101 1,053 14,700 SH   DFND 1 14,700 0 0
DISNEY WALT CO COM DISNEY 254687106 19,260 184,800 SH   SOLE   184,800 0 0
DOLLAR GEN CORP NEW COM 256677105 11,084 149,637 SH   SOLE   149,637 0 0
DOVER CORP COM 260003108 11,554 154,200 SH   SOLE   154,200 0 0
DOW CHEM CO COM 260543103 7,799 136,300 SH   SOLE   136,300 0 0
DUPONT FABROS TECHNOLOGY IN COM 26613Q106 1,089 24,800 SH   DFND 1 24,800 0 0
EDISON INTL COM 281020107 9,380 130,300 SH   SOLE   130,300 0 0
EDWARD LIFESCIENCES CORP COM 28176E108 14,008 149,500 SH   SOLE   149,500 0 0
ELLIS PERRY INTL INC COM 288853104 979 39,300 SH   DFND 1 39,300 0 0
EMCOR GROUP INC COM 29084Q100 1,076 15,200 SH   DFND 1 15,200 0 0
EMERGENT BIOSOLUTIONS INC COM 29089Q105 703 21,400 SH   DFND 1 21,400 0 0
EMPIRE ST RLTY TR INC CL A 292104106 1,094 54,200 SH   DFND 1 54,200 0 0
ENANTA PHARMACEUTICALS INC COM 29251M106 797 23,800 SH   DFND 1 23,800 0 0
ESTERLINE TECHNOLOGIES CORP COM 297425100 1,151 12,900 SH   DFND 1 12,900 0 0
ETHAN ALLEN INTERIORS INC COM 297602104 1,157 31,400 SH   DFND 1 31,400 0 0
EXLSERVICE HOLDINGS INC COM 302081104 989 19,600 SH   DFND 1 19,600 0 0
EXXON MOBIL CORP COM 30231G102 32,340 358,300 SH   SOLE   358,300 0 0
FACEBOOK INC CL A 30303M102 34,895 303,300 SH   SOLE   303,300 0 0
FEDERAL AGRIC MTG CORP CL C 313148306 1,266 22,100 SH   DFND 1 22,100 0 0
FEDEX CORP COM 31428X106 14,896 80,000 SH   SOLE   80,000 0 0
FIRST FINL CORP IND COM 320218100 1,209 22,900 SH   DFND 1 22,900 0 0
FIVE PRIME THERAPEUTICS INC COM 33830X104 596 11,900 SH   DFND 1 11,900 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 1,250 46,400 SH   DFND 1 46,400 0 0
FORUM ENERGY TECHNOLOGIES I COM 34984V100 997 45,300 SH   DFND 1 45,300 0 0
GENERAL ELECTRIC CO COM 369604103 7,789 246,500 SH   SOLE   246,500 0 0
GILEAD SCIENCES INC COM 375558103 3,974 55,500 SH   SOLE   55,500 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 24,999 104,400 SH   SOLE   104,400 0 0
GREAT WESTN BANCORP INC COM 391416104 1,338 30,700 SH   DFND 1 30,700 0 0
GREENBRIER COS INC COM 393657101 1,226 29,500 SH   DFND 1 29,500 0 0
HALLIBURTON CO COM 406216101 19,169 354,400 SH   SOLE   354,400 0 0
HALYARD HEALTH INC COM 40650V100 943 25,500 SH   DFND 1 25,500 0 0
HANCOCK HLDG CO COM 410120109 1,233 28,600 SH   DFND 1 28,600 0 0
HARSCO CORP COM 415864107 1,417 104,200 SH   DFND 1 104,200 0 0
HB FULLER CO COM 359694106 865 17,900 SH   DFND 1 17,900 0 0
HEALTHSOUTH CORP COM NEW 421924309 895 21,700 SH   DFND 1 21,700 0 0
HEWLETT PACKARD ENTERPRISE COM 42824C109 6,234 269,400 SH   SOLE   269,400 0 0
HIGHWOODS PPTYS INC COM 431284108 1,102 21,600 SH   DFND 1 21,600 0 0
HMS HLDGS CORP COM 40425J101 1,015 55,900 SH   DFND 1 55,900 0 0
HONEYWELL INTL INC COM 438516106 24,259 209,400 SH   SOLE   209,400 0 0
HORACE MANN EDUCATORS CORP COM 440327104 959 22,400 SH   DFND 1 22,400 0 0
HORIZON PHARMA PLC SHS G4617B105 493 30,500 SH   DFND 1 30,500 0 0
HUB GROUP INC CL A 443320106 1,002 22,900 SH   DFND 1 22,900 0 0
IDACORP INC COM 451107106 1,079 13,400 SH   DFND 1 13,400 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 1,220 56,200 SH   DFND 1 56,200 0 0
INGLES MKTS INC CL A 457030104 986 20,500 SH   DFND 1 20,500 0 0
INTERCONTINENTAL EXCHANGE COM 45866F104 21,434 379,900 SH   SOLE   379,900 0 0
INTRAWEST RESORTS HLDGS INC COM 46090K109 1,017 57,000 SH   DFND 1 57,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 2,630 19,500 SH   DFND 1 19,500 0 0
JACK IN THE BOX INC COM 466367109 1,228 11,000 SH   DFND 1 11,000 0 0
JOHNSON & JOHNSON COM 478160104 7,373 64,000 SH   SOLE   64,000 0 0
JPMORGAN CHASE & CO COM 46625H100 20,813 241,200 SH   SOLE   241,200 0 0
KAISER ALUMINUM CORP COM PAR $0.01 483007704 684 8,800 SH   DFND 1 8,800 0 0
KAPSTONE PAPER & PACKAGING C COM 48562P103 999 45,300 SH   DFND 1 45,300 0 0
KIRKLANDS INC COM 497498105 845 54,500 SH   DFND 1 54,500 0 0
LAM RESEARCH CORP COM 512807108 13,491 127,600 SH   SOLE   127,600 0 0
LANNET INC COM 516012101 624 28,300 SH   DFND 1 28,300 0 0
LITHIA MTRS INC CL A 536797103 775 8,000 SH   DFND 1 8,000 0 0
LOGMEIN INC COM 54142L109 1,062 11,000 SH   DFND 1 11,000 0 0
LOWES COS INC COM 548661107 28,804 405,000 SH   SOLE   405,000 0 0
LYDALL INC DEL COM 550819106 1,212 19,600 SH   DFND 1 19,600 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 15,955 186,000 SH   SOLE   186,000 0 0
MAGNA INTL INC COM 559222401 10,937 252,000 SH   SOLE   252,000 0 0
MARATHON PETE CORP COM 56585A102 6,304 125,200 SH   SOLE   125,200 0 0
MARRIOTT VACATIONS WORLDWID COM 57164Y107 1,213 14,300 SH   DFND 1 14,300 0 0
MASIMO CORP COM 574795100 1,105 16,400 SH   DFND 1 16,400 0 0
MASTERCARD INC CL A 57636Q104 23,748 230,000 SH   SOLE   230,000 0 0
MERCK & CO INC NEW COM 58933Y105 20,693 351,500 SH   SOLE   351,500 0 0
MICROSOFT CORP COM 594918104 51,999 836,800 SH   SOLE   836,800 0 0
MINERALS TECHNOLOGIES INC COM 603158106 942 12,200 SH   DFND 1 12,200 0 0
MKS INSTRUMENT INC COM 55306N104 790 13,300 SH   DFND 1 13,300 0 0
NATIONAL HEALTH INVS INC COM 63633D104 986 13,300 SH   DFND 1 13,300 0 0
NELNET INC CL A 64031N108 1,137 22,400 SH   DFND 1 22,400 0 0
NEUSTAR INC CL A 64126X201 1,112 33,300 SH   DFND 1 33,300 0 0
NEWPARK RES INC COM PAR $.01NEW 651718504 747 99,600 SH   DFND 1 99,600 0 0
NEXTERA ENERGY INC COM 65339F101 13,356 111,800 SH   SOLE   111,800 0 0
NIC INC COM 62914B100 987 41,300 SH   DFND 1 41,300 0 0
NXSTAGE MEDICAL INC COM 67072V103 1,046 39,900 SH   DFND 1 39,900 0 0
OASIS PETE INC NEW COM 674215108 949 62,700 SH   DFND 1 62,700 0 0
ORACLE CORP COM 68389X105 8,497 221,000 SH   SOLE   221,000 0 0
ORASURE TECHNOLOGIES INC COM 68554V108 1,026 116,800 SH   DFND 1 116,800 0 0
PAREXEL INTL CORP COM 699462107 853 12,976 SH   DFND 1 12,976 0 0
PARTY CITY HOLDCO INC COM 702149105 767 54,000 SH   DFND 1 54,000 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 1,020 34,300 SH   DFND 1 34,300 0 0
PENN NATL GAMING INC COM 707569109 1,037 75,200 SH   DFND 1 75,200 0 0
PENNYMAC MTG INVT TR COM 70931T103 1,066 65,100 SH   DFND 1 65,100 0 0
PEPSICO INC COM 713448108 24,107 230,400 SH   SOLE   230,400 0 0
PFIZER INC COM 717081103 22,831 702,940 SH   SOLE   702,940 0 0
PHILIP MORRIS INTL INC COM 718172109 29,579 323,300 SH   SOLE   323,300 0 0
PHOTRONICS INC COM 719405102 680 60,200 SH   DFND 1 60,200 0 0
PINNACLE WEST CAP CORP COM 723484101 10,963 140,500 SH   SOLE   140,500 0 0
PIPER JAFFRAY COS COM 724078100 1,080 14,900 SH   DFND 1 14,900 0 0
POLYONE CORP COM 73179P106 686 21,400 SH   DFND 1 21,400 0 0
PORTLAND GEN ELEC CO COM NEW 736508847 1,083 25,000 SH   DFND 1 25,000 0 0
PPG INDS INC COM 693506107 8,055 85,000 SH   SOLE   85,000 0 0
PRICELINE GRP INC COM NEW 741503403 15,100 10,300 SH   SOLE   10,300 0 0
PROCTER & GAMBLE CO COM 742718109 11,086 131,850 SH   SOLE   131,850 0 0
PROGRESS SOFTWARE CORP COM 743312100 1,031 32,300 SH   DFND 1 32,300 0 0
PRUDENTIAL FINL INC COM 744320102 19,678 189,100 SH   SOLE   189,100 0 0
RADNET INC COM 750491102 854 132,400 SH   DFND 1 132,400 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 7,149 103,200 SH   SOLE   103,200 0 0
REPLIGEN CORP COM 759916109 623 20,200 SH   DFND 1 20,200 0 0
RESOURCES CONNECTION INC COM 76122Q105 1,228 63,800 SH   DFND 1 63,800 0 0
RLJ LODGING TR COM 74965L101 1,036 42,300 SH   DFND 1 42,300 0 0
ROBERT HALF INTL INC COM 770323103 9,878 202,500 SH   SOLE   202,500 0 0
RSP PERMIAN INC COM 74978Q105 866 19,400 SH   DFND 1 19,400 0 0
SANMINA CORPORATION COM 801056102 1,345 36,700 SH   DFND 1 36,700 0 0
SBA COMMUNICATIONS CORP COM 78388J106 8,013 77,600 SH   SOLE   77,600 0 0
SCHNITZER STL INDS CL A 806882106 1,015 39,500 SH   DFND 1 39,500 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 2,637 32,400 SH   SOLE   32,400 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 7,827 125,800 SH   SOLE   125,800 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 1,882 27,300 SH   SOLE   27,300 0 0
SIGMA DESIGNS INC COM 826565103 482 80,400 SH   DFND 1 80,400 0 0
SIMON PPTY GROUP INC NEW COM 828806109 13,681 77,000 SH   SOLE   77,000 0 0
SINCLAIR BROADCAST GROUP IN CL A 829226109 910 27,300 SH   DFND 1 27,300 0 0
SMITH & WESSON HLDG CORP COM 831756101 1,084 51,400 SH   DFND 1 51,400 0 0
SOUTHWEST GAS CORP COM 844895102 1,096 14,300 SH   DFND 1 14,300 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 9,452 170,100 SH   SOLE   170,100 0 0
SPECTRUM BRANDS HLDGS INC COM 84763R101 10,777 88,100 SH   SOLE   88,100 0 0
SPX CORP COM 784635104 1,167 49,200 SH   DFND 1 49,200 0 0
STARBUCKS CORP COM 855244109 13,952 251,300 SH   SOLE   251,300 0 0
STIFEL FINL CORP COM 860630102 1,134 22,700 SH   DFND 1 22,700 0 0
SUCAMPO PHARMACEUTICALS INC CL A 864909106 703 51,900 SH   DFND 1 51,900 0 0
SYNTEL INC COM 87162H103 1,005 50,800 SH   DFND 1 50,800 0 0
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 996 20,200 SH   DFND 1 20,200 0 0
TECH DATA CORP COM 878237106 1,008 11,900 SH   DFND 1 11,900 0 0
TETRA TECH INC NEW COM 88162G103 1,299 30,100 SH   DFND 1 30,100 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 1,168 14,900 SH   DFND 1 14,900 0 0
THERMO FISHER SCIENTIFIC IN COM 883556102 20,516 145,400 SH   SOLE   145,400 0 0
TIME INC NEW COM 887228104 985 55,200 SH   DFND 1 55,200 0 0
TRAVELPORT WORLDWIDE LTD SHS G9019D104 945 67,000 SH   DFND 1 67,000 0 0
TRINSEO S A SHS L9340P101 925 15,600 SH   DFND 1 15,600 0 0
TTM TECHNOLOGIES INC COM 87305R109 1,251 91,800 SH   DFND 1 91,800 0 0
UNION PAC CORP COM 907818108 28,823 278,000 SH   SOLE   278,000 0 0
UNITED CMNTY BKS BLAIRSVLE COM 90984P303 1,185 40,000 SH   DFND 1 40,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 20,765 389,000 SH   SOLE   389,000 0 0
VISA INC COM CL A 92826C839 25,122 322,000 SH   SOLE   322,000 0 0
WALKER & DUNLOP INC COM 93148P102 1,217 39,000 SH   DFND 1 39,000 0 0
WAL-MART STORES INC COM 931142103 20,211 292,400 SH   SOLE   292,400 0 0
WATERS CORP COM 941848103 8,359 62,200 SH   SOLE   62,200 0 0
WEBMD HEALTH CORP COM 94770V102 957 19,300 SH   DFND 1 19,300 0 0
WEBSTER FINL CORP CONN COM 947890109 1,178 21,700 SH   DFND 1 21,700 0 0
WELLCARE HEALTH PLANS INC COM 94946T106 1,234 9,000 SH   DFND 1 9,000 0 0
WELLS FARGO & CO NEW COM 949746101 36,979 671,000 SH   SOLE   671,000 0 0
WEST CORP COM 952355204 1,201 48,500 SH   DFND 1 48,500 0 0
WESTERN REFNG INC COM 959319104 590 15,600 SH   DFND 1 15,600 0 0
XENCOR INC COM 98401F105 719 27,300 SH   DFND 1 27,300 0 0
ZUMIEZ INC COM 989817101 1,064 48,700 SH   DFND 1 48,700 0 0