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
ALTRIA GROUP INC COM 02209S103 2,999 42,000 SH   DFND   42,000 0 0
INTUIT INC COM 461202103 1,435 9,100 SH   DFND   9,100 0 0
XYLEM INC COM 98419M100 3,410 50,000 SH   DFND   50,000 0 0
EPLUS INC COM 294268107 752 10,000 SH   DFND   10,000 0 0
SCHLUMBERGER LTD COM 806857108 2,891 42,900 SH   DFND   42,900 0 0
XILINX INC COM 983919101 3,101 46,000 SH   DFND   46,000 0 0
S&P GLOBAL INC COM 78409V104 3,049 18,000 SH   DFND   18,000 0 0
POTASH CORP OF SASKATCHEWAN COM 73755L107 2,000 96,900 SH   DFND   96,900 0 0
CHUBB LTD COM H1467J104 2,191 15,000 SH   DFND   15,000 0 0
JETBLUE AIRWAYS CORP COM 477143101 1,523 68,200 SH   DFND   68,200 0 0
BROADRIDGE FINANCIAL SOLUTIO COM 11133T103 1,086 12,000 SH   DFND   12,000 0 0
OLLIE'S BARGAIN OUTLET HOLDI COM 681116109 1,128 21,200 SH   DFND   21,200 0 0
LAMB WESTON HOLDINGS INC COM 513272104 784 13,900 SH   DFND   13,900 0 0
COSTCO WHOLESALE CORP COM 22160K105 2,754 14,800 SH   DFND   14,800 0 0
WRIGHT MEDICAL GROUP NV COM N96617118 2,353 106,000 SH   DFND   106,000 0 0
QUEST DIAGNOSTICS INC COM 74834L100 925 9,400 SH   DFND   9,400 0 0
ALPHABET INC-CL A COM 02079K305 4,950 4,700 SH   DFND   4,700 0 0
BANK OF AMERICA CORP COM 060505104 5,343 181,000 SH   DFND   181,000 0 0
FORTIVE CORP COM 34959J108 3,111 43,000 SH   DFND   43,000 0 0
CISCO SYSTEMS INC COM 17275R102 4,825 126,000 SH   DFND   126,000 0 0
SUPERNUS PHARMACEUTICALS INC COM 868459108 1,334 33,500 SH   DFND   33,500 0 0
INTEGRA LIFESCIENCES HOLDING COM 457985208 1,789 37,400 SH   DFND   37,400 0 0
PS BUSINESS PARKS INC/CA COM 69360J107 763 6,100 SH   DFND   6,100 0 0
GILEAD SCIENCES INC COM 375558103 2,149 30,000 SH   DFND   30,000 0 0
FACEBOOK INC-A COM 30303M102 4,411 25,000 SH   DFND   25,000 0 0
NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 3,945 74,100 SH   DFND   74,100 0 0
BLACKROCK INC COM 09247X101 2,568 5,000 SH   DFND   5,000 0 0
REPUBLIC SERVICES INC COM 760759100 4,550 67,300 SH   DFND   67,300 0 0
EASTGROUP PROPERTIES INC COM 277276101 1,228 13,900 SH   DFND   13,900 0 0
MSCI INC COM 55354G100 1,645 13,000 SH   DFND   13,000 0 0
BROADCOM LTD SHS Y09827109 2,055 8,000 SH   DFND   8,000 0 0
MONDELEZ INTERNATIONAL INC-A COM 609207105 3,043 71,100 SH   DFND   71,100 0 0
APPLIED MATERIALS INC COM 038222105 1,584 31,000 SH   DFND   31,000 0 0
DOLLAR GENERAL CORP COM 256677105 2,325 25,000 SH   DFND   25,000 0 0
HEALTHCARE SERVICES GROUP COM 421906108 1,286 24,400 SH   DFND   24,400 0 0
NAVIGATORS GROUP INC COM 638904102 1,217 25,000 SH   DFND   25,000 0 0
FEDERAL SIGNAL CORP COM 313855108 502 25,000 SH   DFND   25,000 0 0
EXXON MOBIL CORP COM 30231G102 1,923 23,000 SH   DFND   23,000 0 0
ZIMMER BIOMET HOLDINGS INC COM 98956P102 1,073 8,900 SH   DFND   8,900 0 0
STEWART INFORMATION SERVICES COM 860372101 1,514 35,795 SH   DFND   35,795 0 0
BOTTOMLINE TECHNOLOGIES (DE) COM 101388106 1,560 45,000 SH   DFND   45,000 0 0
PGT INNOVATIONS INC COM 69336V101 1,920 114,000 SH   DFND   114,000 0 0
INOGEN INC COM 45780L104 1,190 10,000 SH   DFND   10,000 0 0
SERVICE CORP INTERNATIONAL COM 817565104 1,634 43,800 SH   DFND   43,800 0 0
ATMOS ENERGY CORP COM 049560105 1,674 19,500 SH   DFND   19,500 0 0
NEXTERA ENERGY INC COM 65339F101 3,904 25,000 SH   DFND   25,000 0 0
ILLUMINA INC COM 452327109 4,260 19,500 SH   DFND   19,500 0 0
BARNES GROUP INC COM 067806109 822 13,000 SH   DFND   13,000 0 0
ITRON INC COM 465741106 238 3,500 SH   DFND   3,500 0 0
LANCASTER COLONY CORP COM 513847103 1,292 10,000 SH   DFND   10,000 0 0
AQUA AMERICA INC COM 03836W103 592 15,100 SH   DFND   15,100 0 0
JPMORGAN CHASE & CO COM 46625H100 5,133 48,000 SH   DFND   48,000 0 0
MICROSOFT CORP COM 594918104 5,098 59,600 SH   DFND   59,600 0 0
UNITEDHEALTH GROUP INC COM 91324P102 1,984 9,000 SH   DFND   9,000 0 0
DIAMONDBACK ENERGY INC COM 25278X109 1,325 10,500 SH   DFND   10,500 0 0
MCDONALD'S CORP COM 580135101 4,216 24,500 SH   DFND   24,500 0 0
AMAZON.COM INC COM 023135106 3,496 2,990 SH   DFND   2,990 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 3,528 50,000 SH   DFND   50,000 0 0
HAIN CELESTIAL GROUP INC COM 405217100 932 22,000 SH   DFND   22,000 0 0
AMEDISYS INC COM 023436108 1,170 22,200 SH   DFND   22,200 0 0
EXLSERVICE HOLDINGS INC COM 302081104 1,508 25,000 SH   DFND   25,000 0 0