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
AT&T INC COM 00206R102 31,724 973,717 SH   DFND 1 0 973,717 0
ADOBE SYS INC COM 00724F101 5,248 63,832 SH   DFND 1 0 63,832 0
AETNA INC NEW COM 00817Y108 5,471 50,000 SH   DFND 1 0 50,000 0
AIR PRODS & CHEMS INC COM 009158106 8,756 68,635 SH   DFND 1 0 68,635 0
AKORN INC COM 009728106 5,261 184,577 SH   DFND 1 0 184,577 0
ALASKA AIR GROUP INC COM 011659109 1,249 15,726 SH   DFND 1 0 15,726 0
ALTRIA GROUP INC COM 02209S103 22,165 407,452 SH   DFND 1 0 407,452 0
AMAZON COM INC COM 023135106 26,242 51,264 SH   DFND 1 0 51,264 0
AMERICAN INTL GROUP INC COM NEW 026874784 12,395 218,146 SH   DFND 1 0 218,146 0
AMGEN INC COM 031162100 13,639 98,603 SH   DFND 1 0 98,603 0
ANADARKO PETE CORP COM 032511107 11,747 194,520 SH   DFND 1 0 194,520 0
APPLE INC COM 037833100 85,556 775,666 SH   DFND 1 0 775,666 0
APPLIED INDL TECHNOLOGIES IN COM 03820C105 1,122 29,400 SH   DFND 1 0 29,400 0
AQUA AMERICA INC COM 03836W103 1,406 53,125 SH   DFND 1 0 53,125 0
ASHLAND INC NEW COM 044209104 5,970 59,329 SH   DFND 1 0 59,329 0
ASSURANT INC COM 04621X108 655 8,291 SH   DFND 1 0 8,291 0
ATWOOD OCEANICS INC COM 050095108 1,559 105,300 SH   DFND 1 0 105,300 0
AUTOZONE INC COM 053332102 7,062 9,757 SH   DFND 1 0 9,757 0
BB&T CORP COM 054937107 1,546 43,414 SH   DFND 1 0 43,414 0
BANK AMER CORP COM 060505104 35,870 2,302,339 SH   DFND 1 0 2,302,339 0
BANK HAWAII CORP COM 062540109 1,067 16,800 SH   DFND 1 0 16,800 0
BECTON DICKINSON & CO COM 075887109 4,595 34,634 SH   DFND 1 0 34,634 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 28,896 148 SH   DFND 1 0 148 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 8,342 63,975 SH   DFND 1 0 63,975 0
BIOGEN INC COM 09062X103 9,022 30,919 SH   DFND 1 0 30,919 0
BLOCK H & R INC COM 093671105 5,538 152,995 SH   DFND 1 0 152,995 0
BRADY CORP CL A 104674106 1,398 71,100 SH   DFND 1 0 71,100 0
BRISTOL MYERS SQUIBB CO COM 110122108 18,030 304,568 SH   DFND 1 0 304,568 0
BROADCOM CORP CL A 111320107 18,961 368,677 SH   DFND 1 0 368,677 0
CBS CORP NEW CL B 124857202 4,492 112,588 SH   DFND 1 0 112,588 0
CBOE HLDGS INC COM 12503M108 1,347 20,082 SH   DFND 1 0 20,082 0
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 956 14,100 SH   DFND 1 0 14,100 0
CSX CORP COM 126408103 982 36,487 SH   DFND 1 0 36,487 0
CVB FINL CORP COM 126600105 1,465 87,700 SH   DFND 1 0 87,700 0
CVS HEALTH CORP COM 126650100 19,315 200,193 SH   DFND 1 0 200,193 0
CAMPBELL SOUP CO COM 134429109 9,360 184,694 SH   DFND 1 0 184,694 0
CARNIVAL CORP PAIRED CTF 143658300 7,816 157,270 SH   DFND 1 0 157,270 0
CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 3,256 18,515 SH   DFND 1 0 18,515 0
CHEMICAL FINL CORP COM 163731102 1,074 33,200 SH   DFND 1 0 33,200 0
CHEVRON CORP NEW COM 166764100 27,341 346,617 SH   DFND 1 0 346,617 0
CHURCH & DWIGHT INC COM 171340102 2,296 27,367 SH   DFND 1 0 27,367 0
CINEMARK HOLDINGS INC COM 17243V102 968 29,800 SH   DFND 1 0 29,800 0
CISCO SYS INC COM 17275R102 24,541 934,877 SH   DFND 1 0 934,877 0
CITIGROUP INC COM NEW 172967424 32,829 661,733 SH   DFND 1 0 661,733 0
COCA COLA CO COM 191216100 26,693 665,320 SH   DFND 1 0 665,320 0
COCA COLA ENTERPRISES INC NE COM 19122T109 5,370 111,075 SH   DFND 1 0 111,075 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 11,517 183,956 SH   DFND 1 0 183,956 0
COLGATE PALMOLIVE CO COM 194162103 9,205 145,057 SH   DFND 1 0 145,057 0
COMCAST CORP NEW CL A 20030N101 16,450 289,203 SH   DFND 1 0 289,203 0
CONOCOPHILLIPS COM 20825C104 7,578 158,008 SH   DFND 1 0 158,008 0
CONSOLIDATED EDISON INC COM 209115104 9,832 147,076 SH   DFND 1 0 147,076 0
CONSTELLATION BRANDS INC CL A 21036P108 20,375 162,729 SH   DFND 1 0 162,729 0
COSTCO WHSL CORP NEW COM 22160K105 10,679 73,870 SH   DFND 1 0 73,870 0
CULLEN FROST BANKERS INC COM 229899109 858 13,500 SH   DFND 1 0 13,500 0
D R HORTON INC COM 23331A109 8,362 284,825 SH   DFND 1 0 284,825 0
DANAHER CORP DEL COM 235851102 19,580 229,787 SH   DFND 1 0 229,787 0
DEERE & CO COM 244199105 1,191 16,100 SH   DFND 1 0 16,100 0
DELTA AIR LINES INC DEL COM NEW 247361702 24,093 536,949 SH   DFND 1 0 536,949 0
DISNEY WALT CO COM DISNEY 254687106 31,346 306,708 SH   DFND 1 0 306,708 0
DOLLAR GEN CORP NEW COM 256677105 14,830 204,724 SH   DFND 1 0 204,724 0
DOLLAR TREE INC COM 256746108 5,754 86,313 SH   DFND 1 0 86,313 0
DOMINION RES INC VA NEW COM 25746U109 24,711 351,106 SH   DFND 1 0 351,106 0
DOVER CORP COM 260003108 760 13,300 SH   DFND 1 0 13,300 0
DR PEPPER SNAPPLE GROUP INC COM 26138E109 20,122 254,550 SH   DFND 1 0 254,550 0
E TRADE FINANCIAL CORP COM NEW 269246401 14,507 550,984 SH   DFND 1 0 550,984 0
EATON VANCE CORP COM NON VTG 278265103 1,023 30,600 SH   DFND 1 0 30,600 0
ECOLAB INC COM 278865100 4,895 44,615 SH   DFND 1 0 44,615 0
EDISON INTL COM 281020107 9,005 142,784 SH   DFND 1 0 142,784 0
EDWARDS LIFESCIENCES CORP COM 28176E108 11,105 78,110 SH   DFND 1 0 78,110 0
ELECTRONIC ARTS INC COM 285512109 17,694 261,163 SH   DFND 1 0 261,163 0
EMERSON ELEC CO COM 291011104 1,387 31,400 SH   DFND 1 0 31,400 0
ENERGIZER HLDGS INC NEW COM 29272W109 5,071 131,011 SH   DFND 1 0 131,011 0
ENVISION HEALTHCARE HLDGS IN COM 29413U103 16,642 452,342 SH   DFND 1 0 452,342 0
EXPEDIA INC DEL COM NEW 30212P303 6,325 53,749 SH   DFND 1 0 53,749 0
EXXON MOBIL CORP COM 30231G102 51,788 696,542 SH   DFND 1 0 696,542 0
FNB CORP PA COM 302520101 1,151 88,900 SH   DFND 1 0 88,900 0
FACEBOOK INC CL A 30303M102 35,351 393,225 SH   DFND 1 0 393,225 0
FEDEX CORP COM 31428X106 5,284 36,703 SH   DFND 1 0 36,703 0
FIRST COMWLTH FINL CORP PA COM 319829107 1,578 173,600 SH   DFND 1 0 173,600 0
FIRST NIAGARA FINL GP INC COM 33582V108 1,505 147,400 SH   DFND 1 0 147,400 0
FISERV INC COM 337738108 28,920 333,905 SH   DFND 1 0 333,905 0
FIRSTMERIT CORP COM 337915102 1,680 95,100 SH   DFND 1 0 95,100 0
FLEETCOR TECHNOLOGIES INC COM 339041105 12,340 89,666 SH   DFND 1 0 89,666 0
FOOT LOCKER INC COM 344849104 11,949 166,031 SH   DFND 1 0 166,031 0
FULTON FINL CORP PA COM 360271100 1,398 115,500 SH   DFND 1 0 115,500 0
GATX CORP COM 361448103 1,033 23,400 SH   DFND 1 0 23,400 0
GAMESTOP CORP NEW CL A 36467W109 2,773 67,300 SH   DFND 1 0 67,300 0
GAP INC DEL COM 364760108 792 27,800 SH   DFND 1 0 27,800 0
GENERAL DYNAMICS CORP COM 369550108 7,215 52,301 SH   DFND 1 0 52,301 0
GENERAL ELECTRIC CO COM 369604103 42,094 1,669,060 SH   DFND 1 0 1,669,060 0
GENERAL MLS INC COM 370334104 13,834 246,457 SH   DFND 1 0 246,457 0
GENUINE PARTS CO COM 372460105 1,252 15,100 SH   DFND 1 0 15,100 0
GILEAD SCIENCES INC COM 375558103 26,886 273,821 SH   DFND 1 0 273,821 0
GLACIER BANCORP INC NEW COM 37637Q105 1,641 62,200 SH   DFND 1 0 62,200 0
GOLDMAN SACHS GROUP INC COM 38141G104 9,058 52,130 SH   DFND 1 0 52,130 0
GOODYEAR TIRE & RUBR CO COM 382550101 4,620 157,507 SH   DFND 1 0 157,507 0
GOOGLE INC CL A 38259P508 29,475 46,172 SH   DFND 1 0 46,172 0
GOOGLE INC CL C 38259P706 22,900 37,639 SH   DFND 1 0 37,639 0
HCA HOLDINGS INC COM 40412C101 17,828 230,457 SH   DFND 1 0 230,457 0
HD SUPPLY HLDGS INC COM 40416M105 7,622 266,307 SH   DFND 1 0 266,307 0
HANCOCK HLDG CO COM 410120109 1,312 48,500 SH   DFND 1 0 48,500 0
HARRIS CORP DEL COM 413875105 1,383 18,900 SH   DFND 1 0 18,900 0
HASBRO INC COM 418056107 1,760 24,400 SH   DFND 1 0 24,400 0
HERSHEY CO COM 427866108 9,317 101,404 SH   DFND 1 0 101,404 0
HEWLETT PACKARD CO COM 428236103 925 36,100 SH   DFND 1 0 36,100 0
HOME DEPOT INC COM 437076102 41,720 361,242 SH   DFND 1 0 361,242 0
HONEYWELL INTL INC COM 438516106 26,353 278,304 SH   DFND 1 0 278,304 0
HUBBELL INC CL B 443510201 824 9,700 SH   DFND 1 0 9,700 0
HUNT J B TRANS SVCS INC COM 445658107 13,969 195,643 SH   DFND 1 0 195,643 0
IDACORP INC COM 451107106 1,650 25,500 SH   DFND 1 0 25,500 0
ILLUMINA INC COM 452327109 13,103 74,526 SH   DFND 1 0 74,526 0
INTEL CORP COM 458140100 1,295 42,973 SH   DFND 1 0 42,973 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 14,543 61,889 SH   DFND 1 0 61,889 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,116 7,700 SH   DFND 1 0 7,700 0
INVESTORS BANCORP INC NEW COM 46146L101 1,335 108,206 SH   DFND 1 0 108,206 0
ISHARES MSCI TAIWAN ETF 464286731 30,192 2,294,192 SH   DFND 1 0 2,294,192 0
ISHARES MSCI GERMANY ETF 464286806 4,313 174,321 SH   DFND   0 174,321 0
ISHARES MSCI MEX CAP ETF 464286822 5,029 97,538 SH   DFND 1 0 97,538 0
ISHARES TR EUROPE ETF 464287861 590 15,088 SH   DFND   0 15,088 0
ISHARES TR EUROPE ETF 464287861 28 719 SH   DFND 1 0 719 0
ISHARES TR EUROPE ETF 464287861 641 16,400 SH   DFND 1 0 16,400 0
JPMORGAN CHASE & CO COM 46625H100 47,131 773,021 SH   DFND 1 0 773,021 0
JOHNSON & JOHNSON COM 478160104 33,709 361,101 SH   DFND   0 361,101 0
JOHNSON CTLS INC COM 478366107 902 21,800 SH   DFND 1 0 21,800 0
KELLOGG CO COM 487836108 3,457 51,952 SH   DFND 1 0 51,952 0
KOHLS CORP COM 500255104 806 17,400 SH   DFND 1 0 17,400 0
KRAFT HEINZ CO COM 500754106 11,372 161,121 SH   DFND 1 0 161,121 0
KROGER CO COM 501044101 7,367 204,235 SH   DFND 1 0 204,235 0
L BRANDS INC COM 501797104 2,395 26,577 SH   DFND 1 0 26,577 0
LAUDER ESTEE COS INC CL A 518439104 6,504 80,609 SH   DFND 1 0 80,609 0
LENNAR CORP CL A 526057104 6,643 138,030 SH   DFND 1 0 138,030 0
LILLY ELI & CO COM 532457108 11,857 141,683 SH   DFND 1 0 141,683 0
LINKEDIN CORP COM CL A 53578A108 10,714 56,349 SH   DFND 1 0 56,349 0
LOCKHEED MARTIN CORP COM 539830109 29,563 142,603 SH   DFND 1 0 142,603 0
MSA SAFETY INC COM 553498106 904 22,628 SH   DFND 1 0 22,628 0
MANPOWERGROUP INC COM 56418H100 7,940 96,957 SH   DFND 1 0 96,957 0
MARATHON PETE CORP COM 56585A102 18,348 396,030 SH   DFND 1 0 396,030 0
MARSH & MCLENNAN COS INC COM 571748102 16,930 324,205 SH   DFND 1 0 324,205 0
MASCO CORP COM 574599106 12,725 505,363 SH   DFND 1 0 505,363 0
MATTEL INC COM 577081102 3,307 157,008 SH   DFND 1 0 157,008 0
MCDONALDS CORP COM 580135101 27,125 275,299 SH   DFND 1 0 275,299 0
MERCK & CO INC NEW COM 58933Y105 18,002 364,484 SH   DFND 1 0 364,484 0
MICROSOFT CORP COM 594918104 53,700 1,213,278 SH   DFND 1 0 1,213,278 0
MONSTER BEVERAGE CORP NEW COM 61174X109 7,883 58,329 SH   DFND 1 0 58,329 0
MOODYS CORP COM 615369105 31,861 324,449 SH   DFND 1 0 324,449 0
NETAPP INC COM 64110D104 1,039 35,100 SH   DFND 1 0 35,100 0
NEWELL RUBBERMAID INC COM 651229106 10,927 275,168 SH   DFND 1 0 275,168 0
NEWFIELD EXPL CO COM 651290108 14,664 445,718 SH   DFND 1 0 445,718 0
NIKE INC CL B 654106103 24,861 202,170 SH   DFND 1 0 202,170 0
NORTHERN TR CORP COM 665859104 19,406 284,709 SH   DFND 1 0 284,709 0
NORTHROP GRUMMAN CORP COM 666807102 9,683 58,350 SH   DFND 1 0 58,350 0
NVIDIA CORP COM 67066G104 1,305 52,947 SH   DFND 1 0 52,947 0
O REILLY AUTOMOTIVE INC NEW COM 67103H107 7,617 30,467 SH   DFND 1 0 30,467 0
OCCIDENTAL PETE CORP DEL COM 674599105 6,471 97,826 SH   DFND 1 0 97,826 0
OCEANEERING INTL INC COM 675232102 746 19,000 SH   DFND 1 0 19,000 0
OLD NATL BANCORP IND COM 680033107 1,574 113,000 SH   DFND 1 0 113,000 0
OMNICOM GROUP INC COM 681919106 1,213 18,400 SH   DFND 1 0 18,400 0
ORACLE CORP COM 68389X105 18,142 502,277 SH   DFND 1 0 502,277 0
PG&E CORP COM 69331C108 1,832 34,700 SH   DFND 1 0 34,700 0
PNM RES INC COM 69349H107 1,475 52,600 SH   DFND 1 0 52,600 0
PACKAGING CORP AMER COM 695156109 993 16,500 SH   DFND 1 0 16,500 0
PALO ALTO NETWORKS INC COM 697435105 13,991 81,345 SH   DFND 1 0 81,345 0
PENNEY J C INC COM 708160106 5,565 599,084 SH   DFND 1 0 599,084 0
PEPSICO INC COM 713448108 24,811 263,110 SH   DFND 1 0 263,110 0
PFIZER INC COM 717081103 43,055 1,370,756 SH   DFND 1 0 1,370,756 0
PHILIP MORRIS INTL INC COM 718172109 19,659 247,811 SH   DFND 1 0 247,811 0
PORTLAND GEN ELEC CO COM NEW 736508847 1,438 38,900 SH   DFND 1 0 38,900 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 31,709 311,604 SH   DFND 1 0 311,604 0
PRAXAIR INC COM 74005P104 1,671 16,400 SH   DFND 1 0 16,400 0
PRICELINE GRP INC COM NEW 741503403 9,525 7,701 SH   DFND 1 0 7,701 0
PRINCIPAL FINL GROUP INC COM 74251V102 1,397 29,500 SH   DFND 1 0 29,500 0
PROCTER & GAMBLE CO COM 742718109 18,687 259,757 SH   DFND 1 0 259,757 0
PROGRESSIVE CORP OHIO COM 743315103 1,329 43,365 SH   DFND 1 0 43,365 0
PROVIDENT FINL SVCS INC COM 74386T105 1,880 96,400 SH   DFND 1 0 96,400 0
QUALCOMM INC COM 747525103 1,021 19,000 SH   DFND 1 0 19,000 0
RPM INTL INC COM 749685103 842 20,100 SH   DFND 1 0 20,100 0
RAYTHEON CO COM NEW 755111507 1,311 12,000 SH   DFND 1 0 12,000 0
REGENERON PHARMACEUTICALS COM 75886F107 8,277 17,794 SH   DFND 1 0 17,794 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 897 16,600 SH   DFND 1 0 16,600 0
REYNOLDS AMERICAN INC COM 761713106 20,325 459,121 SH   DFND 1 0 459,121 0
ROCKWELL AUTOMATION INC COM 773903109 923 9,100 SH   DFND 1 0 9,100 0
ROSS STORES INC COM 778296103 7,602 156,830 SH   DFND 1 0 156,830 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 2,923 15,538 SH   DFND   0 15,538 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 15,521 80,838 SH   DFND   0 80,838 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 2,815 84,497 SH   DFND   0 84,497 0
SALESFORCE COM INC COM 79466L302 13,527 194,833 SH   DFND 1 0 194,833 0
SCHLUMBERGER LTD COM 806857108 11,050 160,208 SH   DFND 1 0 160,208 0
SCHWAB CHARLES CORP NEW COM 808513105 11,479 401,920 SH   DFND 1 0 401,920 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 3,243 81,079 SH   DFND   0 81,079 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 447 6,735 SH   DFND   0 6,735 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 3,461 46,514 SH   DFND   0 46,514 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 2,648 43,181 SH   DFND   0 43,181 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 2,664 117,326 SH   DFND   0 117,326 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 3,425 68,520 SH   DFND   0 68,520 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 1,628 41,144 SH   DFND   0 41,144 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 1,816 41,853 SH   DFND   0 41,853 0
SIMON PPTY GROUP INC NEW COM 828806109 25,066 136,434 SH   DFND 1 0 136,434 0
SKYWORKS SOLUTIONS INC COM 83088M102 4,315 51,242 SH   DFND 1 0 51,242 0
SNAP ON INC COM 833034101 19,230 127,399 SH   DFND 1 0 127,399 0
SONOCO PRODS CO COM 835495102 1,245 33,000 SH   DFND 1 0 33,000 0
SOUTHWEST AIRLS CO COM 844741108 4,658 122,458 SH   DFND 1 0 122,458 0
SOUTHWEST GAS CORP COM 844895102 1,522 26,100 SH   DFND 1 0 26,100 0
STAGE STORES INC COM NEW 85254C305 798 81,100 SH   DFND 1 0 81,100 0
STANLEY BLACK & DECKER INC COM 854502101 921 9,500 SH   DFND 1 0 9,500 0
STAPLES INC COM 855030102 920 78,400 SH   DFND 1 0 78,400 0
STARBUCKS CORP COM 855244109 21,975 386,612 SH   DFND 1 0 386,612 0
STEEL DYNAMICS INC COM 858119100 1,232 71,700 SH   DFND 1 0 71,700 0
STRYKER CORP COM 863667101 14,603 155,187 SH   DFND 1 0 155,187 0
SYSCO CORP COM 871829107 6,891 176,834 SH   DFND 1 0 176,834 0
TJX COS INC NEW COM 872540109 20,228 283,228 SH   DFND 1 0 283,228 0
T MOBILE US INC COM 872590104 8,995 225,952 SH   DFND 1 0 225,952 0
TARGET CORP COM 87612E106 7,717 98,100 SH   DFND 1 0 98,100 0
TESORO CORP COM 881609101 25,818 265,505 SH   DFND 1 0 265,505 0
THERMO FISHER SCIENTIFIC INC COM 883556102 17,813 145,671 SH   DFND 1 0 145,671 0
3M CO COM 88579Y101 3,388 23,900 SH   DFND 1 0 23,900 0
TIME WARNER INC COM NEW 887317303 9,185 133,594 SH   DFND 1 0 133,594 0
TOLL BROTHERS INC COM 889478103 5,813 169,769 SH   DFND 1 0 169,769 0
TOPBUILD CORP COM 89055F103 982 31,705 SH   DFND 1 0 31,705 0
TUPPERWARE BRANDS CORP COM 899896104 1,920 38,800 SH   DFND 1 0 38,800 0
TWITTER INC COM 90184L102 15,729 583,869 SH   DFND 1 0 583,869 0
ULTA SALON COSMETCS & FRAG I COM 90384S303 10,388 63,596 SH   DFND 1 0 63,596 0
UMPQUA HLDGS CORP COM 904214103 1,345 82,500 SH   DFND 1 0 82,500 0
UNDER ARMOUR INC CL A 904311107 12,276 126,848 SH   DFND 1 0 126,848 0
UNION PAC CORP COM 907818108 10,610 120,004 SH   DFND 1 0 120,004 0
UNITED PARCEL SERVICE INC CL B 911312106 6,929 70,210 SH   DFND 1 0 70,210 0
UNITED TECHNOLOGIES CORP COM 913017109 1,041 11,700 SH   DFND 1 0 11,700 0
UNITED THERAPEUTICS CORP DEL COM 91307C102 8,124 61,899 SH   DFND 1 0 61,899 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 7,028 39,400 SH   DFND 1 0 39,400 0
VALERO ENERGY CORP NEW COM 91913Y100 22,723 378,090 SH   DFND 1 0 378,090 0
VERIZON COMMUNICATIONS INC COM 92343V104 31,833 731,619 SH   DFND 1 0 731,619 0
VERISK ANALYTICS INC COM 92345Y106 17,007 230,110 SH   DFND 1 0 230,110 0
VISA INC COM CL A 92826C839 33,522 481,218 SH   DFND 1 0 481,218 0
VOYA FINL INC COM 929089100 21,555 555,962 SH   DFND 1 0 555,962 0
WADDELL & REED FINL INC CL A 930059100 1,304 37,500 SH   DFND 1 0 37,500 0
WAL-MART STORES INC COM 931142103 18,380 283,462 SH   DFND 1 0 283,462 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 16,014 192,712 SH   DFND 1 0 192,712 0
WASTE MGMT INC DEL COM 94106L109 4,711 94,583 SH   DFND 1 0 94,583 0
WATSCO INC COM 942622200 1,244 10,500 SH   DFND 1 0 10,500 0
WELLS FARGO & CO NEW COM 949746101 56,204 1,094,521 SH   DFND 1 0 1,094,521 0
WESTERN UN CO COM 959802109 19,256 1,048,802 SH   DFND 1 0 1,048,802 0
WILEY JOHN & SONS INC CL A 968223206 991 19,800 SH   DFND 1 0 19,800 0
XEROX CORP COM 984121103 877 90,100 SH   DFND 1 0 90,100 0
ZOETIS INC CL A 98978V103 19,485 473,178 SH   DFND 1 0 473,178 0