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 265,188 1,263,403 SH   SOLE   1,263,403 0 0
58.COM INC-ADR(ADR) ADR 31680Q104 22,984 364,011 SH   SOLE   364,011 0 0
ABBOTT LABORATORIES COM 002824100 195,947 3,672,164 SH   SOLE   3,672,164 0 0
ABBVIE INC COM 00287Y109 311,709 3,507,870 SH   SOLE   3,507,870 0 0
ABIOMED INC. COM 003654100 54,195 321,440 SH   SOLE   321,440 0 0
ACCENTURE PLC CL-A COM G1151C101 172,006 1,273,459 SH   SOLE   1,273,459 0 0
ACTIVISION BLIZZARD COM 00507V109 111,901 1,734,633 SH   SOLE   1,734,633 0 0
ACUITY BRANDS INC. COM 00508Y102 15,042 87,824 SH   SOLE   87,824 0 0
ADIENT PLC COM G0084W101 4,287 51,037 SH   SOLE   51,037 0 0
ADOBE SYSTEMS INC. COM 00724F101 154,389 1,034,917 SH   SOLE   1,034,917 0 0
ADVANCE AUTO PARTS COM 00751Y106 14,497 146,143 SH   SOLE   146,143 0 0
ADVANCED MICRO DEVICES COM 007903107 29,589 2,320,715 SH   SOLE   2,320,715 0 0
ADVANCED SEMI (ADR) ADR 00756M404 549 88,845 SH   SOLE   88,845 0 0
AERCAP HOLDINGS NV COM N00985106 15,209 297,575 SH   SOLE   297,575 0 0
AES CORPORATION COM 00130H105 14,751 1,338,589 SH   SOLE   1,338,589 0 0
AETNA INC-NEW COM 00817Y108 124,629 783,779 SH   SOLE   783,779 0 0
AFFILIATED MANAGERS COM 008252108 26,086 137,420 SH   SOLE   137,420 0 0
AFLAC INC. COM 001055102 67,839 833,509 SH   SOLE   833,509 0 0
AGCO CORPORATION COM 001084102 10,081 136,654 SH   SOLE   136,654 0 0
AGILENT TECHNOLOGIES COM 00846U101 43,196 672,833 SH   SOLE   672,833 0 0
AGNC INVESTMENT CORP COM 00123Q104 21,071 971,922 SH   SOLE   971,922 0 0
AIR PRODUCTS & CHEM. COM 009158106 68,595 453,608 SH   SOLE   453,608 0 0
AKAMAI TECHNOLOGIES COM 00971T101 16,714 343,062 SH   SOLE   343,062 0 0
ALBEMARLE CORP COM 012653101 48,997 359,453 SH   SOLE   359,453 0 0
ALCOA CORP COM 013872106 366 7,841 SH   SOLE   7,841 0 0
ALEXANDRIA REAL EST COM 015271109 21,389 179,784 SH   SOLE   179,784 0 0
ALEXION PHARMACEUTIC COM 015351109 62,777 447,478 SH   SOLE   447,478 0 0
ALIBABA GROUP HO(ADR ADR 01609W102 486,633 2,817,629 SH   SOLE   2,817,629 0 0
ALIGN TECHNOLOGY INC COM 016255101 28,928 155,299 SH   SOLE   155,299 0 0
ALKERMES PLC COM G01767105 15,717 309,147 SH   SOLE   309,147 0 0
ALLEGHANY CORP COM 017175100 20,723 37,405 SH   SOLE   37,405 0 0
ALLEGION PLC COM G0176J109 16,495 190,762 SH   SOLE   190,762 0 0
ALLERGAN PLC COM G0177J108 142,801 696,762 SH   SOLE   696,762 0 0
ALLIANCE DATA SYSTEM COM 018581108 22,131 99,890 SH   SOLE   99,890 0 0
ALLIANT ENERGY CORP COM 018802108 18,841 453,228 SH   SOLE   453,228 0 0
ALLSTATE CORP COM 020002101 73,370 798,280 SH   SOLE   798,280 0 0
ALLY FINANCIAL INC COM 02005N100 22,683 934,982 SH   SOLE   934,982 0 0
ALNYLAM PHARMACEUTIC COM 02043Q107 32,703 278,347 SH   SOLE   278,347 0 0
ALPHABET INC/CA-CL A COM 02079K305 631,337 648,376 SH   SOLE   648,376 0 0
ALPHABET INC/CA-CL C COM 02079K107 749,234 781,176 SH   SOLE   781,176 0 0
ALTRIA GROUP INC COM 02209S103 273,915 4,319,067 SH   SOLE   4,319,067 0 0
AMAZON.COM INC. COM 023135106 1,065,730 1,108,576 SH   SOLE   1,108,576 0 0
AMBEV SA-SPN(ADR) ADR 02319V103 441 66,900 SH   SOLE   66,900 0 0
AMERCO INC COM 023586100 5,524 14,735 SH   SOLE   14,735 0 0
AMEREN CORPORATION COM 023608102 28,794 497,813 SH   SOLE   497,813 0 0
AMERICA MOVIL(ADR)-L ADR 02364W105 3,971 223,714 SH   SOLE   223,714 0 0
AMERICAN AIRLINES GR COM 02376R102 13,422 282,636 SH   SOLE   282,636 0 0
AMERICAN ELECTRIC PO COM 025537101 89,192 1,269,813 SH   SOLE   1,269,813 0 0
AMERICAN EXPRESS CO. COM 025816109 173,796 1,921,246 SH   SOLE   1,921,246 0 0
AMERICAN FIN GP/OHIO COM 025932104 15,587 150,667 SH   SOLE   150,667 0 0
AMERICAN INTL GROUP COM 026874784 120,910 1,969,532 SH   SOLE   1,969,532 0 0
AMERICAN STATES WTR COM 029899101 210 4,255 SH   SOLE   4,255 0 0
AMERICAN TOWER CORP COM 03027X100 125,523 918,370 SH   SOLE   918,370 0 0
AMERICAN WATER WORKS COM 030420103 41,615 514,343 SH   SOLE   514,343 0 0
AMERIPRISE FINANCIAL COM 03076C106 46,613 313,868 SH   SOLE   313,868 0 0
AMERISOURCEBERGEN COM 03073E105 27,723 335,023 SH   SOLE   335,023 0 0
AMETEK INC. COM 031100100 30,496 461,786 SH   SOLE   461,786 0 0
AMGEN COM 031162100 287,203 1,540,378 SH   SOLE   1,540,378 0 0
AMPHENOL CORP 'A' COM 032095101 58,894 695,820 SH   SOLE   695,820 0 0
ANADARKO PETROLEUM COM 032511107 54,587 1,117,437 SH   SOLE   1,117,437 0 0
ANALOG DEVICES INC COM 032654105 65,808 763,698 SH   SOLE   763,698 0 0
ANDEAVOR COM 03349M105 33,975 329,371 SH   SOLE   329,371 0 0
ANNALY CAPITAL MGMT COM 035710409 33,972 2,786,886 SH   SOLE   2,786,886 0 0
ANSYS INC. COM 03662Q105 25,465 207,492 SH   SOLE   207,492 0 0
ANTERO RESOURCES COR COM 03674X106 8,250 414,574 SH   SOLE   414,574 0 0
ANTHEM INC. COM 036752103 151,293 796,782 SH   SOLE   796,782 0 0
AON PLC COM G0408V102 81,499 557,833 SH   SOLE   557,833 0 0
APACHE CORPORATION COM 037411105 61,841 1,350,236 SH   SOLE   1,350,236 0 0
APPLE INC COM 037833100 1,645,013 10,673,584 SH   SOLE   10,673,584 0 0
APPLIED MATERIALS COM 038222105 118,358 2,272,177 SH   SOLE   2,272,177 0 0
AQUA AMERICA INC. COM 03836W103 684 20,610 SH   SOLE   20,610 0 0
ARAMARK COM 03852U106 22,983 565,949 SH   SOLE   565,949 0 0
ARCH CAPITAL GRP LTD COM G0450A105 37,228 377,953 SH   SOLE   377,953 0 0
ARCHER DANIELS MDLND COM 039483102 49,342 1,160,710 SH   SOLE   1,160,710 0 0
ARCONIC INC COM 03965L100 19,549 785,744 SH   SOLE   785,744 0 0
ARISTA NETWORKS INC COM 040413106 17,397 91,752 SH   SOLE   91,752 0 0
ARROW ELECTRONICS COM 042735100 16,452 204,603 SH   SOLE   204,603 0 0
ASSURANT INC COM 04621X108 15,390 161,118 SH   SOLE   161,118 0 0
AT & T INC. COM 00206R102 536,510 13,696,958 SH   SOLE   13,696,958 0 0
ATHENE HOLDING LTD-A COM G0684D107 16,678 309,766 SH   SOLE   309,766 0 0
ATLASSIAN CORP-CL A COM G06242104 24,121 686,220 SH   SOLE   686,220 0 0
ATMOS ENERGY CORP. COM 049560105 19,084 227,619 SH   SOLE   227,619 0 0
AU OPTRONICS CO(ADR) ADR 002255107 425 105,321 SH   SOLE   105,321 0 0
AUTODESK INC. COM 052769106 44,580 397,112 SH   SOLE   397,112 0 0
AUTOHOME INC-ADR ADR 05278C107 14,877 247,619 SH   SOLE   247,619 0 0
AUTOLIV INC. COM 052800109 22,113 178,910 SH   SOLE   178,910 0 0
AUTOMATIC DATA PROCE COM 053015103 110,501 1,010,799 SH   SOLE   1,010,799 0 0
AUTONATION INC. COM 05329W102 6,770 142,646 SH   SOLE   142,646 0 0
AUTOZONE INC COM 053332102 39,070 65,652 SH   SOLE   65,652 0 0
AVALONBAY COMM. INC. COM 053484101 59,708 334,648 SH   SOLE   334,648 0 0
AVERY-DENNISON CORP COM 053611109 17,602 178,994 SH   SOLE   178,994 0 0
AVNET INC COM 053807103 10,464 266,248 SH   SOLE   266,248 0 0
AVON PRODUCTS COM 054303102 57 24,547 SH   SOLE   24,547 0 0
AXALTA COATING SYSTE COM G0750C108 12,624 436,511 SH   SOLE   436,511 0 0
AXIS CAPITAL HLDGS. COM G0692U109 17,695 308,758 SH   SOLE   308,758 0 0
BAIDU INC.(ADR) ADR 056752108 208,935 843,534 SH   SOLE   843,534 0 0
BAKER HUGHES,A GE-A COM 05722G100 29,529 806,349 SH   SOLE   806,349 0 0
BALL CORPORATION COM 058498106 27,577 667,717 SH   SOLE   667,717 0 0
BANCO DE CHILE (ADR) ADR 059520106 1,324 14,521 SH   SOLE   14,521 0 0
BANCO SANT (ADS) ADR 05967A107 774 88,615 SH   SOLE   88,615 0 0
BANCO SANT.CHILE(ADR ADR 05965X109 368 12,397 SH   SOLE   12,397 0 0
BANCOLOMBIA SA (ADR) ADR 05968L102 511 11,151 SH   SOLE   11,151 0 0
BANK OF AMERICA CORP COM 060505104 524,583 20,701,776 SH   SOLE   20,701,776 0 0
BANK OF NY MELLON CO COM 064058100 115,475 2,177,957 SH   SOLE   2,177,957 0 0
BARD C.R. INC COM 067383109 46,671 145,620 SH   SOLE   145,620 0 0
BAXTER INTERNATIONAL COM 071813109 69,536 1,108,138 SH   SOLE   1,108,138 0 0
BB & T CORP. COM 054937107 76,238 1,624,150 SH   SOLE   1,624,150 0 0
BECTON DICKINSON & COM 075887109 98,267 501,491 SH   SOLE   501,491 0 0
BED BATH & BEYOND COM 075896100 7,265 309,528 SH   SOLE   309,528 0 0
BERKLEY (WR) CORP COM 084423102 16,023 240,078 SH   SOLE   240,078 0 0
BERKSHIRE HATHAWAY'A COM 084670108 1,923 7 SH   SOLE   7 0 0
BERKSHIRE HATHAWAY'B COM 084670702 471,331 2,571,081 SH   SOLE   2,571,081 0 0
BEST BUY COMPANYINC COM 086516101 32,438 569,489 SH   SOLE   569,489 0 0
BIOGEN INC COM 09062X103 139,484 445,465 SH   SOLE   445,465 0 0
BIOMARIN PHARM. INC. COM 09061G101 32,755 351,942 SH   SOLE   351,942 0 0
BLACKROCK INC. COM 09247X101 109,031 243,869 SH   SOLE   243,869 0 0
BLOCK (H&R) COM 093671105 11,041 416,953 SH   SOLE   416,953 0 0
BLUEBIRD BIO INC COM 09609G100 23,836 173,540 SH   SOLE   173,540 0 0
BOEING CO. COM 097023105 296,933 1,168,060 SH   SOLE   1,168,060 0 0
BORGWARNER INC COM 099724106 22,458 438,382 SH   SOLE   438,382 0 0
BOSTON PROPERTIES COM 101121101 38,258 311,347 SH   SOLE   311,347 0 0
BOSTON SCIENTIFIC COM 101137107 81,412 2,790,942 SH   SOLE   2,790,942 0 0
BRASKEM S.A.(ADR) ADR 105532105 296 11,051 SH   SOLE   11,051 0 0
BRF SA (ADR) ADR 10552T107 873 60,570 SH   SOLE   60,570 0 0
BRIGHTHOUSE FINANCIA COM 10922N103 10,582 174,051 SH   SOLE   174,051 0 0
BRISTOL MYERS SQUIBB COM 110122108 215,951 3,388,003 SH   SOLE   3,388,003 0 0
BRIXMOR PROPERTY GRO COM 11120U105 11,791 627,175 SH   SOLE   627,175 0 0
BROADCOM LTD COM Y09827109 197,867 815,811 SH   SOLE   815,811 0 0
BROADRIDGE FINANCIAL COM 11133T103 21,471 265,667 SH   SOLE   265,667 0 0
BROOKDALE SENIOR LIVING INC COM 112463104 1,623 153,100 SH   SOLE   153,100 0 0
BROWN-FORMAN -CL B COM 115637209 37,407 688,897 SH   SOLE   688,897 0 0
BUNGE LIMITED COM G16962105 19,504 280,794 SH   SOLE   280,794 0 0
C.H. ROBINSON WORLDW COM 12541W209 70,859 931,126 SH   SOLE   931,126 0 0
CA INC. COM 12673P105 22,119 662,630 SH   SOLE   662,630 0 0
CABOT OIL & GAS CO.A COM 127097103 24,380 911,397 SH   SOLE   911,397 0 0
CADENCE DESIGN COM 127387108 22,639 573,583 SH   SOLE   573,583 0 0
CALIFORNIA WATER COM 130788102 217 5,695 SH   SOLE   5,695 0 0
CALPINE CORPORATION COM 131347304 179 12,116 SH   SOLE   12,116 0 0
CAMDEN PROPERTY TRUS COM 133131102 19,045 208,252 SH   SOLE   208,252 0 0
CAMPBELL SOUP COM 134429109 19,611 418,870 SH   SOLE   418,870 0 0
CAPITAL ONE FINANCIA COM 14040H105 82,195 970,882 SH   SOLE   970,882 0 0
CARDINAL HEALTH INC. COM 14149Y108 43,385 648,317 SH   SOLE   648,317 0 0
CARMAX INC COM 143130102 75,479 995,637 SH   SOLE   995,637 0 0
CARNIVAL CORP COM 143658300 47,723 739,096 SH   SOLE   739,096 0 0
CATERPILLAR COM 149123101 151,333 1,213,477 SH   SOLE   1,213,477 0 0
CBOE HOLDINGS INC COM 12503M108 21,718 201,788 SH   SOLE   201,788 0 0
CBRE GROUP INC-A COM 12504L109 24,906 657,495 SH   SOLE   657,495 0 0
CBS CORP.CLASS-B COM 124857202 43,576 751,312 SH   SOLE   751,312 0 0
CDK GLOBAL INC COM 12508E101 16,478 261,181 SH   SOLE   261,181 0 0
CDW CORP/DE COM 12514G108 21,419 324,535 SH   SOLE   324,535 0 0
CELANESE CORP-A COM 150870103 31,414 301,272 SH   SOLE   301,272 0 0
CELGENE CORP. COM 151020104 277,330 1,901,866 SH   SOLE   1,901,866 0 0
CEMEX SAB(ADR)PART ADR 151290889 1,664 183,223 SH   SOLE   183,223 0 0
CEMIG (ADR) ADR 204409601 366 147,470 SH   SOLE   147,470 0 0
CENTENE CORPORATION COM 15135B101 34,333 354,788 SH   SOLE   354,788 0 0
CENTERPOINT ENERGY COM 15189T107 26,784 916,955 SH   SOLE   916,955 0 0
CENTURYLINK INC. COM 156700106 21,190 1,121,161 SH   SOLE   1,121,161 0 0
CERNER CORPORATION COM 156782104 43,443 609,126 SH   SOLE   609,126 0 0
CF INDUSTRIES HOLDIN COM 125269100 16,133 458,848 SH   SOLE   458,848 0 0
CHARTER COM-CLASS A COM 16119P108 164,143 451,663 SH   SOLE   451,663 0 0
CHECK POINT SOFTWARE COM M22465104 31,772 278,649 SH   SOLE   278,649 0 0
CHENIERE ENERGY INC COM 16411R208 19,922 442,326 SH   SOLE   442,326 0 0
CHESAPEAKE ENERGY CO COM 165167107 80 18,684 SH   SOLE   18,684 0 0
CHEVRON CORP COM 166764100 467,049 3,974,887 SH   SOLE   3,974,887 0 0
CHINA BIOLOGIC PRODU COM G21515104 5,703 61,810 SH   SOLE   61,810 0 0
CHIPOTLE MEXICAN COM 169656105 27,014 87,756 SH   SOLE   87,756 0 0
CHUBB LTD COM H1467J104 142,728 1,001,252 SH   SOLE   1,001,252 0 0
CHUNGHWA TELECOM(ADR ADR 17133Q502 1,281 37,555 SH   SOLE   37,555 0 0
CHURCH & DWIGHT CO. COM 171340102 31,006 639,962 SH   SOLE   639,962 0 0
CIA BRASI(ADR)(PFD ADR 20440T201 596 25,197 SH   SOLE   25,197 0 0
CIA SANEAMENTO (ADR) ADR 20441A102 974 93,127 SH   SOLE   93,127 0 0
CIA SIDERURGICA(ADR) ADR 20440W105 277 93,477 SH   SOLE   93,477 0 0
CIGNA CORP. COM 125509109 106,971 572,223 SH   SOLE   572,223 0 0
CIMAREX ENERGY CO COM 171798101 21,484 189,005 SH   SOLE   189,005 0 0
CINCINNATI FINANCIAL COM 172062101 26,709 348,816 SH   SOLE   348,816 0 0
CINTAS CORP. COM 172908105 38,485 266,741 SH   SOLE   266,741 0 0
CISCO SYSTEMS INC COM 17275R102 361,768 10,757,298 SH   SOLE   10,757,298 0 0
CIT GROUPINC. COM 125581801 15,908 324,319 SH   SOLE   324,319 0 0
CITIGROUP INC. COM 172967424 419,503 5,767,155 SH   SOLE   5,767,155 0 0
CITIZENS FINANCIAL G COM 174610105 42,568 1,124,049 SH   SOLE   1,124,049 0 0
CITRIX SYSTEMS INC. COM 177376100 26,577 345,961 SH   SOLE   345,961 0 0
CLEAN HARBORS INC COM 184496107 23,785 419,490 SH   SOLE   419,490 0 0
CLOROX COMPANY COM 189054109 45,629 345,912 SH   SOLE   345,912 0 0
CME GROUP INC. COM 12572Q105 105,270 775,871 SH   SOLE   775,871 0 0
CMS ENERGY CORP COM 125896100 30,445 657,281 SH   SOLE   657,281 0 0
COACH INC. COM 189754104 24,270 602,525 SH   SOLE   602,525 0 0
COCA-COLA COMPANY COM 191216100 395,912 8,796,091 SH   SOLE   8,796,091 0 0
COCA-COLA FEMSA(ADR) ADR 191241108 850 11,021 SH   SOLE   11,021 0 0
COGNIZANT TECH CL-A COM 192446102 89,519 1,234,059 SH   SOLE   1,234,059 0 0
COLGATE PALMOLIVE COM 194162103 144,891 1,988,891 SH   SOLE   1,988,891 0 0
COLONY NORTHSTAR INC COM 19625W104 13,051 1,039,068 SH   SOLE   1,039,068 0 0
COMCAST CORP CL-A COM 20030N101 375,309 9,753,349 SH   SOLE   9,753,349 0 0
COMERICA INC COM 200340107 26,938 353,233 SH   SOLE   353,233 0 0
COMMSCOPE HOLDING CO COM 20337X109 12,778 384,757 SH   SOLE   384,757 0 0
COMMUNITY HEALTH SYS COM 203668108 178 23,185 SH   SOLE   23,185 0 0
CONAGRA BRANDS INC COM 205887102 41,253 1,222,660 SH   SOLE   1,222,660 0 0
CONCHO RESOURCES INC COM 20605P101 39,538 300,167 SH   SOLE   300,167 0 0
CONOCOPHILLIPS COM 20825C104 126,770 2,532,875 SH   SOLE   2,532,875 0 0
CONSOLIDATED EDISON COM 209115104 65,124 807,194 SH   SOLE   807,194 0 0
CONSTELLATION BRND-A COM 21036P108 73,707 369,551 SH   SOLE   369,551 0 0
CONTINENTAL RESOURCE COM 212015101 7,342 190,170 SH   SOLE   190,170 0 0
COOPER COMPANIESINC COM 216648402 24,989 105,388 SH   SOLE   105,388 0 0
COPEL (ADR) ADR 20441B407 153 17,257 SH   SOLE   17,257 0 0
CORE LABORATORIES COM N22717107 11,179 113,264 SH   SOLE   113,264 0 0
CORNING INC. COM 219350105 57,265 1,913,922 SH   SOLE   1,913,922 0 0
CoStar GROUP INC. COM 22160N109 34,673 129,255 SH   SOLE   129,255 0 0
COSTCO WHOLESALE CO. COM 22160K105 151,237 920,551 SH   SOLE   920,551 0 0
COTY INC-CLA COM 222070203 15,746 952,570 SH   SOLE   952,570 0 0
CPFL ENERGIA SA(ADR) ADR 126153105 284 16,555 SH   SOLE   16,555 0 0
CREDICORP LIMITED COM G2519Y108 23,252 113,411 SH   SOLE   113,411 0 0
CROWN CASTLE INTL CO COM 22822V101 114,511 1,145,341 SH   SOLE   1,145,341 0 0
CROWN HOLDINGS INC COM 228368106 16,723 280,024 SH   SOLE   280,024 0 0
CSX COM 126408103 103,725 1,911,620 SH   SOLE   1,911,620 0 0
CTRIP.COM INTL (ADR) ADR 22943F100 95,068 1,802,582 SH   SOLE   1,802,582 0 0
CUMMINS INC COM 231021106 58,683 349,241 SH   SOLE   349,241 0 0
CVS HEALTH CORPORATI COM 126650100 176,984 2,176,394 SH   SOLE   2,176,394 0 0
D.R. HORTON INC. COM 23331A109 37,012 926,931 SH   SOLE   926,931 0 0
DANAHER CORP COM 235851102 109,381 1,275,133 SH   SOLE   1,275,133 0 0
DARDEN RESTAURANTS COM 237194105 29,154 370,063 SH   SOLE   370,063 0 0
DAVITA INC COM 23918K108 18,512 311,710 SH   SOLE   311,710 0 0
DEERE & CO. COM 244199105 68,460 545,107 SH   SOLE   545,107 0 0
DELL TECHNOLOGIES IN COM 24703L103 41,034 531,458 SH   SOLE   531,458 0 0
DELPHI AUTOMOTIVE COM G27823106 55,229 561,270 SH   SOLE   561,270 0 0
DELTA AIR LINES INC COM 247361702 21,413 444,061 SH   SOLE   444,061 0 0
DENTSPLY SIRONA INC COM 24906P109 27,248 455,572 SH   SOLE   455,572 0 0
DEVON ENERGY CORP. COM 25179M103 36,697 999,643 SH   SOLE   999,643 0 0
DEXCOM INC. COM 252131107 19,579 400,181 SH   SOLE   400,181 0 0
DIAMONDBACK ENERGY COM 25278X109 17,793 181,638 SH   SOLE   181,638 0 0
DICK'S SPORTING GDS COM 253393102 4,706 174,249 SH   SOLE   174,249 0 0
DIGITAL REALTY TRUST COM 253868103 72,691 614,309 SH   SOLE   614,309 0 0
DISCOVER FINANCIAL COM 254709108 50,151 777,773 SH   SOLE   777,773 0 0
DISCOVERY COMMU CL-A COM 25470F104 6,287 295,309 SH   SOLE   295,309 0 0
DISCOVERY COMMU CL-C COM 25470F302 9,250 456,585 SH   SOLE   456,585 0 0
DISH NETWORK CORP-A COM 25470M109 24,398 449,894 SH   SOLE   449,894 0 0
DOLLAR GENERAL CORP COM 256677105 45,720 564,099 SH   SOLE   564,099 0 0
DOLLAR TREE INC COM 256746108 44,511 512,682 SH   SOLE   512,682 0 0
DOMINION ENERGY INC COM 25746U109 131,688 1,711,792 SH   SOLE   1,711,792 0 0
DOMINO'S PIZZA INC. COM 25754A201 30,687 154,556 SH   SOLE   154,556 0 0
DOVER CORP COM 260003108 30,688 335,787 SH   SOLE   335,787 0 0
DOWDUPONT INC COM 26078J100 339,972 4,910,762 SH   SOLE   4,910,762 0 0
DR PEPPER SNAPPLE COM 26138E109 36,423 411,698 SH   SOLE   411,698 0 0
DR. REDDY'S LAB(ADR) ADR 256135203 745 20,874 SH   SOLE   20,874 0 0
DTE ENERGY COMPANY COM 233331107 46,142 429,784 SH   SOLE   429,784 0 0
DUKE ENERGY CORP. COM 26441C204 141,214 1,682,716 SH   SOLE   1,682,716 0 0
DUKE REALTY CORP COM 264411505 20,351 706,131 SH   SOLE   706,131 0 0
DXC TECHNOLOGY CO COM 23355L106 49,178 572,639 SH   SOLE   572,639 0 0
E TRADE FINANCIAL CO COM 269246401 29,033 665,738 SH   SOLE   665,738 0 0
EAST WEST BANK CORP. COM 27579R104 17,214 287,949 SH   SOLE   287,949 0 0
EASTMAN CHEMICAL COM 277432100 26,711 295,182 SH   SOLE   295,182 0 0
EATON CORP PLC COM G29183103 70,301 915,501 SH   SOLE   915,501 0 0
EATON VANCE CORP COM 278265103 11,084 224,511 SH   SOLE   224,511 0 0
EBAY INC COM 278642103 84,282 2,191,420 SH   SOLE   2,191,420 0 0
ECOLAB INC COM 278865100 69,525 540,587 SH   SOLE   540,587 0 0
EDISON INTERNATIONAL COM 281020107 54,388 704,786 SH   SOLE   704,786 0 0
EDWARDS LIFESCIENCES COM 28176E108 46,730 427,503 SH   SOLE   427,503 0 0
ELECTRONIC ARTS COM 285512109 78,662 666,292 SH   SOLE   666,292 0 0
ELETROBRAS-ADR P ADR 15234Q108 137 19,070 SH   SOLE   19,070 0 0
ELLIE MAE INC. COM 28849P100 24,284 295,680 SH   SOLE   295,680 0 0
EMBRAER SA (ADR) ADR 29082A107 900 39,787 SH   SOLE   39,787 0 0
EMERSON ELECTRIC COM 291011104 88,817 1,413,383 SH   SOLE   1,413,383 0 0
ENEL AMERICAS SA(ADR ADR 29274F104 393 38,458 SH   SOLE   38,458 0 0
ENEL CHILE SA-ADR ADR 29278D105 182 30,261 SH   SOLE   30,261 0 0
ENEL GENERACION-ADR ADR 29244T101 235 8,907 SH   SOLE   8,907 0 0
ENERGEN CORP COM 29265N108 656 12,000 SH   SOLE   12,000 0 0
ENSCO PLC CL-A COM G3157S106 101 16,996 SH   SOLE   16,996 0 0
ENTERGY CORP NEW COM 29364G103 27,876 365,061 SH   SOLE   365,061 0 0
ENVISION HEALTHCARE COM 29414D100 11,162 248,314 SH   SOLE   248,314 0 0
EOG RESOURCES INC. COM 26875P101 180,965 1,870,629 SH   SOLE   1,870,629 0 0
EQT CORPORATION COM 26884L109 22,843 350,131 SH   SOLE   350,131 0 0
EQUIFAX INC. COM 294429105 25,502 240,605 SH   SOLE   240,605 0 0
EQUINIX INC COM 29444U700 72,525 162,503 SH   SOLE   162,503 0 0
EQUITY RESIDENTIAL COM 29476L107 51,946 787,889 SH   SOLE   787,889 0 0
ESSEX PROPERTY TRUST COM 297178105 34,060 134,078 SH   SOLE   134,078 0 0
ESTEE LAUDER CO.CL-A COM 518439104 90,028 834,833 SH   SOLE   834,833 0 0
EVEREST RE GROUP LTD COM G3223R108 35,259 154,379 SH   SOLE   154,379 0 0
EVERSOURCE ENERGY COM 30040W108 42,047 695,684 SH   SOLE   695,684 0 0
EXELON CORPORATION COM 30161N101 90,626 2,405,780 SH   SOLE   2,405,780 0 0
EXPEDIA INC. COM 30212P303 35,512 246,711 SH   SOLE   246,711 0 0
EXPEDITORS INTL WASH COM 302130109 30,782 514,227 SH   SOLE   514,227 0 0
EXPRESS SCRIPTS HOLD COM 30219G108 80,549 1,272,087 SH   SOLE   1,272,087 0 0
EXTRA SPACE STORAGE COM 30225T102 34,506 431,758 SH   SOLE   431,758 0 0
EXXON MOBIL CORP. COM 30231G102 730,571 8,911,571 SH   SOLE   8,911,571 0 0
F M C CORP COM 302491303 23,929 267,936 SH   SOLE   267,936 0 0
F5 NETWORKS INC. COM 315616102 16,591 137,614 SH   SOLE   137,614 0 0
FACEBOOK INC-A COM 30303M102 1,028,656 6,020,106 SH   SOLE   6,020,106 0 0
FASTENAL COMPANY COM 311900104 48,618 1,066,646 SH   SOLE   1,066,646 0 0
FEDERAL REALTY INVT COM 313747206 18,900 152,159 SH   SOLE   152,159 0 0
FEDEX CORPORATION COM 31428X106 116,695 517,312 SH   SOLE   517,312 0 0
FIBRIA CEL SA (ADR) ADR 31573A109 413 30,536 SH   SOLE   30,536 0 0
FIDELITY NATIONAL IN COM 31620M106 66,131 708,114 SH   SOLE   708,114 0 0
FIFTH THIRD BANCORP COM 316773100 42,256 1,510,230 SH   SOLE   1,510,230 0 0
FINANCIAL ENGINES COM 317485100 9,151 263,330 SH   SOLE   263,330 0 0
FIRST DATA CORP- CLA COM 32008D106 15,911 881,985 SH   SOLE   881,985 0 0
FIRST REPUBLIC BANK COM 33616C100 134,298 1,285,638 SH   SOLE   1,285,638 0 0
FIRSTENERGY CORP. COM 337932107 29,660 962,052 SH   SOLE   962,052 0 0
FISERV INC. COM 337738108 58,882 456,591 SH   SOLE   456,591 0 0
FLEETCOR TECHNOLOGIE COM 339041105 28,085 181,465 SH   SOLE   181,465 0 0
FLEX LTD COM Y2573F102 21,371 1,289,727 SH   SOLE   1,289,727 0 0
FLIR SYSTEMS INC. COM 302445101 18,435 473,776 SH   SOLE   473,776 0 0
FLOWSERVE CORP. COM 34354P105 11,104 260,723 SH   SOLE   260,723 0 0
FLUOR CORP COM 343412102 11,952 283,907 SH   SOLE   283,907 0 0
FNF GROUP COM 31620R303 27,082 570,632 SH   SOLE   570,632 0 0
FOMENTO ECONO (ADR) ADR 344419106 2,407 25,200 SH   SOLE   25,200 0 0
FOOT LOCKER INC. COM 344849104 9,564 271,551 SH   SOLE   271,551 0 0
FORD MOTOR COMPANY COM 345370860 90,216 7,536,865 SH   SOLE   7,536,865 0 0
FORTINET INC COM 34959E109 10,667 297,620 SH   SOLE   297,620 0 0
FORTIVE CORP COM 34959J108 66,489 939,243 SH   SOLE   939,243 0 0
FORTUNE BRANDS H & S COM 34964C106 20,478 304,597 SH   SOLE   304,597 0 0
FRANKLIN RESOURCES COM 354613101 30,463 684,398 SH   SOLE   684,398 0 0
FREEPORT-MCMORAN INC COM 35671D857 40,484 2,883,445 SH   SOLE   2,883,445 0 0
GALLAGHER (ARTHUR J. COM 363576109 23,647 384,192 SH   SOLE   384,192 0 0
GAP INC COM 364760108 14,335 485,436 SH   SOLE   485,436 0 0
GARMIN LTD. COM H2906T109 13,636 252,655 SH   SOLE   252,655 0 0
GARTNER INC COM 366651107 25,909 208,255 SH   SOLE   208,255 0 0
GENERAL DYNAMICS COM 369550108 115,061 559,692 SH   SOLE   559,692 0 0
GENERAL ELECTRIC COM 369604103 433,993 17,948,409 SH   SOLE   17,948,409 0 0
GENERAL MILLS COM 370334104 65,672 1,268,772 SH   SOLE   1,268,772 0 0
GENERAL MOTORS CO. COM 37045V100 125,667 3,112,101 SH   SOLE   3,112,101 0 0
GENUINE PARTS COM 372460105 29,410 307,475 SH   SOLE   307,475 0 0
GENWORTH FIN.-CL A COM 37247D106 244 63,436 SH   SOLE   63,436 0 0
GERDAU S.A. (ADR) ADR 373737105 457 133,288 SH   SOLE   133,288 0 0
GGP INC COM 36174X101 25,675 1,236,151 SH   SOLE   1,236,151 0 0
GILEAD SCIENCES INC COM 375558103 220,974 2,727,401 SH   SOLE   2,727,401 0 0
GLOBAL PAYMENTS INC COM 37940X102 29,954 315,201 SH   SOLE   315,201 0 0
GOLDMAN SACHS GROUP COM 38141G104 212,311 895,111 SH   SOLE   895,111 0 0
GOODYEAR TIRE COM 382550101 17,305 520,456 SH   SOLE   520,456 0 0
GRAINGER (W.W.) INC COM 384802104 20,424 113,626 SH   SOLE   113,626 0 0
GREAT WESTERN BANCOR COM 391416104 206 5,000 SH   SOLE   5,000 0 0
GRP AEROPORT DEL(ADR ADR 400506101 784 7,649 SH   SOLE   7,649 0 0
GRUBHUB INC COM 400110102 56,681 1,076,359 SH   SOLE   1,076,359 0 0
GRUPO AEROPORTUA(ADR ADR 40051E202 447 2,342 SH   SOLE   2,342 0 0
GRUPO AEROPORTUA(ADR ADR 400501102 210 4,731 SH   SOLE   4,731 0 0
GRUPO TELEVISA (ADR) ADR 40049J206 1,679 68,067 SH   SOLE   68,067 0 0
HALLIBURTON CO. COM 406216101 83,977 1,824,393 SH   SOLE   1,824,393 0 0
HANESBRANDS INC COM 410345102 18,623 755,786 SH   SOLE   755,786 0 0
HARLEY DAVIDSON INC COM 412822108 17,011 352,855 SH   SOLE   352,855 0 0
HARRIS COM 413875105 32,444 246,382 SH   SOLE   246,382 0 0
HARTFORD FINL SVCS COM 416515104 43,601 786,590 SH   SOLE   786,590 0 0
HASBRO INC COM 418056107 23,051 236,012 SH   SOLE   236,012 0 0
HCA HEALTHCARE INC COM 40412C101 47,464 596,358 SH   SOLE   596,358 0 0
HCP INC COM 40414L109 25,938 932,033 SH   SOLE   932,033 0 0
HD SUPPLY HOLDINGS COM 40416M105 14,433 400,127 SH   SOLE   400,127 0 0
HDFC BANK LTD. (ADR) ADR 40415F101 3,518 36,500 SH   SOLE   36,500 0 0
HEICO CORP-CLASS A COM 422806208 18,867 247,600 SH   SOLE   247,600 0 0
HELMERICH & PAYNE COM 423452101 10,841 208,037 SH   SOLE   208,037 0 0
HENRY & ASSOCIATES COM 426281101 19,781 192,441 SH   SOLE   192,441 0 0
HENRY SCHEIN INC. COM 806407102 28,766 350,848 SH   SOLE   350,848 0 0
HERMAN MILLER COM 600544100 1,619 45,100 SH   SOLE   45,100 0 0
HERTZ GLOBAL HOLDING COM 42806J106 304 13,582 SH   SOLE   13,582 0 0
HESS CORPORATION COM 42809H107 27,191 579,879 SH   SOLE   579,879 0 0
HILTON WORLDWIDE HOL COM 43300A203 27,487 395,784 SH   SOLE   395,784 0 0
HOLLYFRONTIER CORP COM 436106108 12,516 347,958 SH   SOLE   347,958 0 0
HOLOGIC INC COM 436440101 22,335 608,749 SH   SOLE   608,749 0 0
HOME DEPOT COM 437076102 404,184 2,471,167 SH   SOLE   2,471,167 0 0
HONEYWELL INTL INC. COM 438516106 216,498 1,527,432 SH   SOLE   1,527,432 0 0
HORMEL FOODS CORP. COM 440452100 19,773 615,218 SH   SOLE   615,218 0 0
HOST HOTEL&RES(REIT) COM 44107P104 36,776 1,988,945 SH   SOLE   1,988,945 0 0
HOWARD HUGHES CORP COM 44267D107 10,009 84,874 SH   SOLE   84,874 0 0
HP ENTERPRISE CO COM 42824C109 48,958 3,328,237 SH   SOLE   3,328,237 0 0
HP INC COM 40434L105 68,675 3,440,648 SH   SOLE   3,440,648 0 0
HUMANA COM 444859102 79,185 325,022 SH   SOLE   325,022 0 0
HUNTINGTON BANCSHARE COM 446150104 34,778 2,491,272 SH   SOLE   2,491,272 0 0
HUNTINGTON INGALLS COM 446413106 20,726 91,528 SH   SOLE   91,528 0 0
ICICI BANK LTD.(ADR) ADR 45104G104 31,211 3,646,144 SH   SOLE   3,646,144 0 0
IDEX CORPORATION COM 45167R104 18,701 153,953 SH   SOLE   153,953 0 0
IDEXX LABORATORIES COM 45168D104 28,845 185,512 SH   SOLE   185,512 0 0
IHS MARKIT LTD COM G47567105 38,207 866,766 SH   SOLE   866,766 0 0
ILLINOIS TOOL WORKS COM 452308109 93,006 628,586 SH   SOLE   628,586 0 0
ILLUMINA INC. COM 452327109 200,698 1,007,522 SH   SOLE   1,007,522 0 0
INCYTE CORP. COM 45337C102 40,479 346,744 SH   SOLE   346,744 0 0
INFOSYS LTD. (ADR) ADR 456788108 4,464 305,954 SH   SOLE   305,954 0 0
INGERSOLL-RAND PLC COM G47791101 49,044 550,001 SH   SOLE   550,001 0 0
INGREDION INC COM 457187102 19,749 163,699 SH   SOLE   163,699 0 0
INTEL CORPORATION COM 458140100 374,811 9,842,714 SH   SOLE   9,842,714 0 0
INTERACTIVE BROKER-A COM 45841N107 37,217 826,310 SH   SOLE   826,310 0 0
INTERCONTINENTAL EXC COM 45866F104 82,027 1,193,994 SH   SOLE   1,193,994 0 0
INTERPUBLIC GROUP CO COM 460690100 16,487 793,040 SH   SOLE   793,040 0 0
INTL BUS MACHINES CO COM 459200101 267,776 1,845,716 SH   SOLE   1,845,716 0 0
INTL FLAVORS&FRAGRAN COM 459506101 22,402 156,757 SH   SOLE   156,757 0 0
INTL PAPER COM 460146103 55,230 972,015 SH   SOLE   972,015 0 0
INTUIT INC. COM 461202103 71,519 503,161 SH   SOLE   503,161 0 0
INTUITIVE SURGICAL COM 46120E602 138,240 132,176 SH   SOLE   132,176 0 0
INVESCO LTD COM G491BT108 30,425 868,292 SH   SOLE   868,292 0 0
IONIS PHARMACEUTICAL COM 462222100 18,707 368,980 SH   SOLE   368,980 0 0
IRON MOUNTAIN INC COM 46284V101 34,917 897,621 SH   SOLE   897,621 0 0
ISHARES 7-10Y TR BD ETF 464287440 5,730 53,791 SH   SOLE   53,791 0 0
ISHARES CORE MSCI EMERGING ETF 46434G103 3,187 59,000 SH   SOLE   59,000 0 0
ISHARES CORE S&P 500 ETF ETF 464287200 88,672 350,580 SH   SOLE   350,580 0 0
ISHARES IBOXX \ H/Y ETF 464288513 8,299 93,500 SH   SOLE   93,500 0 0
ISHARES IBOXX \ INV ETF 464287242 403,575 3,329,000 SH   SOLE   3,329,000 0 0
ISHARES US REAL ESTA ETF 464287739 1,486 18,600 SH   SOLE   18,600 0 0
ITAU UNIBANCO HLD(AD ADR 465562106 5,452 397,960 SH   SOLE   397,960 0 0
JACOBS ENGINEERING COM 469814107 14,120 242,321 SH   SOLE   242,321 0 0
JAZZ PHARMACEUTICALS COM G50871105 17,508 119,710 SH   SOLE   119,710 0 0
JB HUNT TRANSPORT SV COM 445658107 19,959 179,677 SH   SOLE   179,677 0 0
JD.COM INC(ADR) ADR 47215P106 42,282 1,106,871 SH   SOLE   1,106,871 0 0
JM SMUCKER CO COM 832696405 31,479 300,000 SH   SOLE   300,000 0 0
JOHNSON & JOHNSON COM 478160104 733,720 5,643,565 SH   SOLE   5,643,565 0 0
JOHNSON CONTROLS INT COM G51502105 78,451 1,947,170 SH   SOLE   1,947,170 0 0
JONES LANG LASALLE COM 48020Q107 11,080 89,714 SH   SOLE   89,714 0 0
JPMORGAN CHASE & CO COM 46625H100 700,412 7,333,386 SH   SOLE   7,333,386 0 0
JUNIPER NETWORKSINC COM 48203R104 21,730 780,804 SH   SOLE   780,804 0 0
JUNO THERAPEUTICS IN COM 48205A109 40,286 898,040 SH   SOLE   898,040 0 0
KANSAS CITY SOUTHERN COM 485170302 22,893 210,650 SH   SOLE   210,650 0 0
KB FINANCIAL GP(ADR) ADR 48241A105 554 11,300 SH   SOLE   11,300 0 0
KELLOGG COM 487836108 38,880 623,377 SH   SOLE   623,377 0 0
KEYCORP COM 493267108 41,496 2,204,868 SH   SOLE   2,204,868 0 0
KIMBERLY-CLARK CORP COM 494368103 87,734 745,527 SH   SOLE   745,527 0 0
KIMCO REALTY CORP. COM 49446R109 16,440 840,924 SH   SOLE   840,924 0 0
KINDER MORGAN INC COM 49456B101 83,871 4,372,821 SH   SOLE   4,372,821 0 0
KIRBY CORPORATION COM 497266106 10,176 154,300 SH   SOLE   154,300 0 0
KLA-TENCOR CORP. COM 482480100 33,937 320,165 SH   SOLE   320,165 0 0
KNIGHT-SWIFT TRANSPO COM 499049104 11,137 268,032 SH   SOLE   268,032 0 0
KOHL'S CORPORATION COM 500255104 16,805 368,117 SH   SOLE   368,117 0 0
KRAFT HEINZ CO/THE COM 500754106 98,730 1,273,110 SH   SOLE   1,273,110 0 0
KROGER CO. COM 501044101 37,398 1,864,305 SH   SOLE   1,864,305 0 0
L BRANDS INC COM 501797104 20,989 504,419 SH   SOLE   504,419 0 0
L3 TECHNOLOGIES INC COM 502413107 29,104 154,453 SH   SOLE   154,453 0 0
LABORATORY CORP AMER COM 50540R409 34,199 226,528 SH   SOLE   226,528 0 0
LAM RESEARCH CORP. COM 512807108 65,297 352,883 SH   SOLE   352,883 0 0
LAS VEGAS SANDS CORP COM 517834107 60,699 946,049 SH   SOLE   946,049 0 0
LATAM AIRLINES (ADR) ADR 51817R106 272 20,532 SH   SOLE   20,532 0 0
LEAR CORP COM 521865204 28,095 162,323 SH   SOLE   162,323 0 0
LEGGETT & PLATT INC. COM 524660107 12,927 270,837 SH   SOLE   270,837 0 0
LEIDOS HOLDINGS INC COM 525327102 16,617 280,605 SH   SOLE   280,605 0 0
LENNAR CORP CL-A COM 526057104 25,331 479,763 SH   SOLE   479,763 0 0
LENNOX INTL INC. COM 526107107 13,840 77,333 SH   SOLE   77,333 0 0
LEUCADIA NATIONAL CO COM 527288104 33,713 1,335,167 SH   SOLE   1,335,167 0 0
LEVEL 3 COMM. INC. COM 52729N308 32,820 615,871 SH   SOLE   615,871 0 0
LIBERTY BROADBAND C COM 530307305 21,496 225,557 SH   SOLE   225,557 0 0
LIBERTY GLOBAL PLC-A COM G5480U104 16,291 480,405 SH   SOLE   480,405 0 0
LIBERTY GLOBAL PLC-C COM G5480U120 40,020 1,223,859 SH   SOLE   1,223,859 0 0
LIBERTY INTER CORP-A COM 53071M104 20,373 864,359 SH   SOLE   864,359 0 0
LIBERTY MEDIA CORP-A COM 531229409 8,205 195,825 SH   SOLE   195,825 0 0
LIBERTY MEDIA CORP-C COM 531229607 15,760 376,397 SH   SOLE   376,397 0 0
LIBERTY PROPERTY COM 531172104 12,302 299,621 SH   SOLE   299,621 0 0
LILLY (ELI) COM 532457108 196,388 2,295,867 SH   SOLE   2,295,867 0 0
LINCOLN ELECTRIC HLD COM 533900106 35,112 382,989 SH   SOLE   382,989 0 0
LINCOLN NATIONAL CO COM 534187109 39,089 531,972 SH   SOLE   531,972 0 0
LKQ CORPORATION COM 501889208 21,799 605,707 SH   SOLE   605,707 0 0
LOCKHEED MARTIN CORP COM 539830109 172,452 555,776 SH   SOLE   555,776 0 0
LOEWS CORP COM 540424108 42,634 890,800 SH   SOLE   890,800 0 0
LOWE'S COMPANIES COM 548661107 143,502 1,795,119 SH   SOLE   1,795,119 0 0
LULULEMON ATHLETICA COM 550021109 13,213 212,262 SH   SOLE   212,262 0 0
LYONDELLBASELL CL-A COM N53745100 75,636 763,617 SH   SOLE   763,617 0 0
M & T CORPORATION COM 55261F104 76,331 473,987 SH   SOLE   473,987 0 0
MACERICH COMPANY COM 554382101 13,388 243,559 SH   SOLE   243,559 0 0
MACQUARIE INFRASTRUC COM 55608B105 28,111 389,461 SH   SOLE   389,461 0 0
MACY'SINC. COM 55616P104 13,458 616,765 SH   SOLE   616,765 0 0
MALLINCKRODT PLC COM G5785G107 7,846 209,962 SH   SOLE   209,962 0 0
MANPOWERGROUP COM 56418H100 16,097 136,627 SH   SOLE   136,627 0 0
MARATHON OIL CORP COM 565849106 22,859 1,685,736 SH   SOLE   1,685,736 0 0
MARATHON PETROLEUM COM 56585A102 61,401 1,094,879 SH   SOLE   1,094,879 0 0
MARKEL CORP. COM 570535104 96,109 89,991 SH   SOLE   89,991 0 0
MARKETAXESS HOLDINGS COM 57060D108 50,419 273,260 SH   SOLE   273,260 0 0
MARRIOTT INTL INC'A' COM 571903202 73,629 667,773 SH   SOLE   667,773 0 0
MARSH & MCLENNAN COS COM 571748102 96,548 1,151,985 SH   SOLE   1,151,985 0 0
MARTIN MARIETTA MATE COM 573284106 76,668 371,758 SH   SOLE   371,758 0 0
MARVELL TECHNOLOGY COM G5876H105 14,293 798,519 SH   SOLE   798,519 0 0
MASCO CORP. COM 574599106 24,796 635,636 SH   SOLE   635,636 0 0
MASTERCARD INC-A COM 57636Q104 366,134 2,593,016 SH   SOLE   2,593,016 0 0
MATTEL INC COM 577081102 10,805 697,994 SH   SOLE   697,994 0 0
MAXIM INTEGRATED PRD COM 57772K101 33,304 698,048 SH   SOLE   698,048 0 0
MCCORMICK & CO INC. COM 579780206 28,521 277,872 SH   SOLE   277,872 0 0
MCDONALD'S COM 580135101 283,089 1,806,798 SH   SOLE   1,806,798 0 0
MCKESSON CORPORATION COM 58155Q103 66,595 433,531 SH   SOLE   433,531 0 0
MEDNAX INC. COM 58502B106 8,797 204,008 SH   SOLE   204,008 0 0
MEDTRONIC PLC COM G5960L103 226,814 2,916,475 SH   SOLE   2,916,475 0 0
MELCO RESORTS&E(ADR) ADR 585464100 12,830 531,944 SH   SOLE   531,944 0 0
MERCADOLIBRE INC COM 58733R102 23,066 89,083 SH   SOLE   89,083 0 0
MERCK & CO. INC COM 58933Y105 385,184 6,015,686 SH   SOLE   6,015,686 0 0
METLIFE INC. COM 59156R108 101,734 1,958,303 SH   SOLE   1,958,303 0 0
METTLER-TOLEDO INTL COM 592688105 53,515 85,465 SH   SOLE   85,465 0 0
MGM RESORTS INTL COM 552953101 30,240 927,892 SH   SOLE   927,892 0 0
MICHAEL KORS COM G60754101 15,182 317,275 SH   SOLE   317,275 0 0
MICRO FOCUS INTL(ADR ADR 594837304 430 13,472 SH   SOLE   13,472 0 0
MICROCHIP TECHNOLOGY COM 595017104 60,318 671,838 SH   SOLE   671,838 0 0
MICRON TECHNOLOGY COM 595112103 88,719 2,255,771 SH   SOLE   2,255,771 0 0
MICROSOFT CORP COM 594918104 1,145,569 15,378,828 SH   SOLE   15,378,828 0 0
MID-AMERICA APRT COM COM 59522J103 36,337 339,977 SH   SOLE   339,977 0 0
MIDDLEBY CORPORATION COM 596278101 14,558 113,585 SH   SOLE   113,585 0 0
MINAS BUENAVENT.(ADR ADR 204448104 4,217 329,713 SH   SOLE   329,713 0 0
MOBILE TELESYS.(ADR) ADR 607409109 2,470 236,618 SH   SOLE   236,618 0 0
MOHAWK INDUSTRIES COM 608190104 33,856 136,788 SH   SOLE   136,788 0 0
MOLSON COORS BR CL-B COM 60871R209 30,702 376,062 SH   SOLE   376,062 0 0
MOMO INC-SPON ADR ADR 60879B107 5,816 185,590 SH   SOLE   185,590 0 0
MONDELEZ INTERNATION COM 609207105 128,003 3,148,137 SH   SOLE   3,148,137 0 0
MONSANTO COMPANY COM 61166W101 106,974 892,789 SH   SOLE   892,789 0 0
MONSTER BEVERAGE COR COM 61174X109 45,418 822,047 SH   SOLE   822,047 0 0
MOODY'S CORPORATION COM 615369105 118,882 853,978 SH   SOLE   853,978 0 0
MORGAN STANLEY COM 617446448 134,274 2,787,501 SH   SOLE   2,787,501 0 0
MOTOROLA SOLUTIONS COM 620076307 43,443 511,877 SH   SOLE   511,877 0 0
MSCI INC. COM 55354G100 26,036 222,724 SH   SOLE   222,724 0 0
MURPHY OIL CORP. COM 626717102 9,072 341,576 SH   SOLE   341,576 0 0
MYLAN NV COM N59465109 28,596 911,559 SH   SOLE   911,559 0 0
MYRIAD GENETICSINC. COM 62855J104 16,699 461,559 SH   SOLE   461,559 0 0
NASDAQ INC COM 631103108 19,823 255,548 SH   SOLE   255,548 0 0
NATIONAL RETAIL PROP COM 637417106 12,194 292,691 SH   SOLE   292,691 0 0
NATIONAL-OILWELL VAR COM 637071101 27,152 759,909 SH   SOLE   759,909 0 0
NAVIENT CORP COM 63938C108 9,464 630,090 SH   SOLE   630,090 0 0
NETAPP INC COM 64110D104 24,453 558,790 SH   SOLE   558,790 0 0
NETEASEINC.(ADR) ADR 64110W102 34,973 132,570 SH   SOLE   132,570 0 0
NETFLIX.COM INC. COM 64110L106 229,070 1,263,138 SH   SOLE   1,263,138 0 0
NEW JERSEY RESOURCES COM 646025106 423 10,042 SH   SOLE   10,042 0 0
NEW ORIENTAL ED(ADR) ADR 647581107 19,755 223,826 SH   SOLE   223,826 0 0
NEW YORK COMMUN.BANC COM 649445103 17,341 1,345,316 SH   SOLE   1,345,316 0 0
NEWELL BRANDS INC COM 651229106 41,259 966,942 SH   SOLE   966,942 0 0
NEWFIELD EXPLORATION COM 651290108 12,319 415,184 SH   SOLE   415,184 0 0
NEWMONT MINING CO HL COM 651639106 42,261 1,126,647 SH   SOLE   1,126,647 0 0
NEWS CORP-CLASS A COM 65249B109 10,129 763,904 SH   SOLE   763,904 0 0
NEXTERA ENERGY INC. COM 65339F101 148,957 1,016,423 SH   SOLE   1,016,423 0 0
NIC COM 62914B100 1,950 113,700 SH   SOLE   113,700 0 0
NIELSEN HOLDINGS PLC COM G6518L108 29,503 711,770 SH   SOLE   711,770 0 0
NIKE INC CL'B' COM 654106103 145,363 2,803,528 SH   SOLE   2,803,528 0 0
NISOURCE INC. COM 65473P105 17,281 675,285 SH   SOLE   675,285 0 0
NOBLE CORP PLC COM G65431101 107 23,166 SH   SOLE   23,166 0 0
NOBLE ENERGY INC COM 655044105 26,152 922,136 SH   SOLE   922,136 0 0
NORDSTROM INC. COM 655664100 13,653 289,574 SH   SOLE   289,574 0 0
NORFOLK SOUTHERN COM 655844108 76,980 582,121 SH   SOLE   582,121 0 0
NORTHERN TRUST COM 665859104 40,577 441,391 SH   SOLE   441,391 0 0
NORTHROP GRUMMAN COM 666807102 107,322 373,010 SH   SOLE   373,010 0 0
NORTHWEST NATUR GAS COM 667655104 222 3,441 SH   SOLE   3,441 0 0
NORTHWESTERN CORP COM 668074305 320 5,618 SH   SOLE   5,618 0 0
NORWEGIAN CRUISE LIN COM G66721104 20,155 372,893 SH   SOLE   372,893 0 0
NOW INC COM 67011P100 17,557 1,271,290 SH   SOLE   1,271,290 0 0
NRG ENERGY INC COM 629377508 235 9,178 SH   SOLE   9,178 0 0
NUANCE COMMUNICATION COM 67020Y100 9,026 574,189 SH   SOLE   574,189 0 0
NUCOR CORP COM 670346105 36,726 655,350 SH   SOLE   655,350 0 0
NVIDIA CORP. COM 67066G104 327,363 1,831,198 SH   SOLE   1,831,198 0 0
NVR INC COM 62944T105 22,512 7,885 SH   SOLE   7,885 0 0
NXP SEMICONDUCTOR NV COM N6596X109 78,161 691,139 SH   SOLE   691,139 0 0
OCCIDENTAL PETROLEUM COM 674599105 100,578 1,566,394 SH   SOLE   1,566,394 0 0
OFFICE DEPOT INC. COM 676220106 117 25,787 SH   SOLE   25,787 0 0
OGE ENERGY CORP COM 670837103 14,628 406,002 SH   SOLE   406,002 0 0
OMEGA HEALTHCARE(REI COM 681936100 826 25,900 SH   SOLE   25,900 0 0
OMNICOM GROUP COM 681919106 34,745 469,077 SH   SOLE   469,077 0 0
ONE GAS INC COM 68235P108 447 6,065 SH   SOLE   6,065 0 0
ONEOK INC. COM 682680103 44,311 799,700 SH   SOLE   799,700 0 0
ORACLE CORPORATION COM 68389X105 310,628 6,424,561 SH   SOLE   6,424,561 0 0
O'REILLY AUTOMOTIVE COM 67103H107 40,342 187,313 SH   SOLE   187,313 0 0
PACCAR INC COM 693718108 50,921 703,909 SH   SOLE   703,909 0 0
PACKAGING CORP AMERI COM 695156109 25,558 222,867 SH   SOLE   222,867 0 0
PALO ALTO NETWORKS COM 697435105 26,473 183,715 SH   SOLE   183,715 0 0
PARKER HANNIFIN COM 701094104 48,366 276,347 SH   SOLE   276,347 0 0
PARSLEY ENERGY INC-A COM 701877102 11,291 428,649 SH   SOLE   428,649 0 0
PATTERSON COS INC COM 703395103 6,808 176,148 SH   SOLE   176,148 0 0
PAYCHEX INC COM 704326107 50,107 835,679 SH   SOLE   835,679 0 0
PAYPAL HOLDINGS INC COM 70450Y103 148,402 2,317,692 SH   SOLE   2,317,692 0 0
PENTAIR PLC COM G7S00T104 24,085 354,394 SH   SOLE   354,394 0 0
PEOPLE'S UNITED FIN. COM 712704105 17,408 959,625 SH   SOLE   959,625 0 0
PEPSICO INC. COM 713448108 345,750 3,102,848 SH   SOLE   3,102,848 0 0
PERRIGO CO PLC COM G97822103 21,709 256,459 SH   SOLE   256,459 0 0
PFIZER INC. COM 717081103 477,158 13,365,779 SH   SOLE   13,365,779 0 0
PG AND E CORPORATION COM 69331C108 84,643 1,243,099 SH   SOLE   1,243,099 0 0
PHILIP MORRIS INTL COM 718172109 367,796 3,313,178 SH   SOLE   3,313,178 0 0
PHILLIPS 66 COM 718546104 86,943 949,053 SH   SOLE   949,053 0 0
PINNACLE WEST CAPITA COM 723484101 18,956 224,167 SH   SOLE   224,167 0 0
PIONEER NATURAL RES COM 723787107 49,495 335,469 SH   SOLE   335,469 0 0
PLAINS GP HOLDINGS-A COM 72651A207 6,054 276,834 SH   SOLE   276,834 0 0
PLDT INC(ADR) ADR 69344D408 281 8,807 SH   SOLE   8,807 0 0
PNC FIN. SERVICES COM 693475105 139,994 1,038,765 SH   SOLE   1,038,765 0 0
POLARIS INDUSTRIES COM 731068102 12,631 120,724 SH   SOLE   120,724 0 0
POSCO (ADR) ADR 693483109 562 8,100 SH   SOLE   8,100 0 0
PPG INDUSTRIES COM 693506107 56,317 518,283 SH   SOLE   518,283 0 0
PPL CORPORATION COM 69351T106 57,682 1,519,936 SH   SOLE   1,519,936 0 0
PRAXAIR INC. COM 74005P104 83,547 597,873 SH   SOLE   597,873 0 0
PRICELINE GROUP INC COM 741503403 185,684 101,421 SH   SOLE   101,421 0 0
PRINCIPAL FINANCIAL COM 74251V102 38,161 593,119 SH   SOLE   593,119 0 0
PROCTER & GAMBLE COM 742718109 509,175 5,596,556 SH   SOLE   5,596,556 0 0
PROGRESSIVE CORP COM 743315103 61,021 1,260,239 SH   SOLE   1,260,239 0 0
PROLOGIS INC COM 74340W103 71,537 1,127,276 SH   SOLE   1,127,276 0 0
PRUDENTIAL FINANCIAL COM 744320102 99,570 936,511 SH   SOLE   936,511 0 0
PUBLIC SERVICE ENTER COM 744573106 59,777 1,292,473 SH   SOLE   1,292,473 0 0
PUBLIC STORAGE COM 74460D109 72,606 339,296 SH   SOLE   339,296 0 0
PULTE GROUP INC. COM 745867101 15,606 571,029 SH   SOLE   571,029 0 0
PVH CORP COM 693656100 24,100 191,182 SH   SOLE   191,182 0 0
QORVO INC COM 74736K101 17,938 253,787 SH   SOLE   253,787 0 0
QUALCOMM INC COM 747525103 160,467 3,095,432 SH   SOLE   3,095,432 0 0
QUEST DIAGNOSTICS COM 74834L100 28,708 306,581 SH   SOLE   306,581 0 0
QUIMICA Y MINERA CHILE S.A. (ADR) ADR 833635105 245 4,400 SH   SOLE   4,400 0 0
QUINTILES IMS HOLDIN COM 74876Y101 26,579 279,574 SH   SOLE   279,574 0 0
RALPH LAUREN CORP-A COM 751212101 10,043 113,752 SH   SOLE   113,752 0 0
RANGE RESOURCES CORP COM 75281A109 9,502 485,562 SH   SOLE   485,562 0 0
RAYMOND JAMES FIN. COM 754730109 22,032 261,255 SH   SOLE   261,255 0 0
RAYTHEON COMPANY COM 755111507 117,566 630,111 SH   SOLE   630,111 0 0
REALTY INCOME CORP COM 756109104 39,958 698,690 SH   SOLE   698,690 0 0
RED HAT INC COM 756577102 43,960 396,540 SH   SOLE   396,540 0 0
REGENCY CENTERS CORP COM 758849103 19,056 307,150 SH   SOLE   307,150 0 0
REGENERON PHARMACEUT COM 75886F107 70,736 158,204 SH   SOLE   158,204 0 0
REGIONS FINANCIAL COM 7591EP100 37,200 2,442,522 SH   SOLE   2,442,522 0 0
REINSUR GRP OF AME. COM 759351604 20,511 147,002 SH   SOLE   147,002 0 0
RENAISSANCERE HLDGS COM G7496G103 21,452 158,738 SH   SOLE   158,738 0 0
REPUBLIC SERVICES COM 760759100 53,246 806,019 SH   SOLE   806,019 0 0
RESMED INC COM 761152107 40,060 520,528 SH   SOLE   520,528 0 0
RITCHIE BROS. AUCTIO COM 767744105 11,042 349,203 SH   SOLE   349,203 0 0
RITE AID COM 767754104 63 32,004 SH   SOLE   32,004 0 0
ROBERT HALF INTLINC COM 770323103 12,565 249,596 SH   SOLE   249,596 0 0
ROCKWELL AUTOMATION COM 773903109 48,675 273,135 SH   SOLE   273,135 0 0
ROCKWELL COLLINS COM 774341101 47,507 363,450 SH   SOLE   363,450 0 0
ROLLINS INC COM 775711104 9,531 206,563 SH   SOLE   206,563 0 0
ROPER TECHNOLOGIES I COM 776696106 49,812 204,650 SH   SOLE   204,650 0 0
ROSS STORES INC. COM 778296103 55,641 861,710 SH   SOLE   861,710 0 0
ROYAL CARIB CRUISES COM V7780T103 109,434 923,183 SH   SOLE   923,183 0 0
RYANAIR HLDGS (ADR) ADR 783513203 52,354 496,622 SH   SOLE   496,622 0 0
S&P GLOBAL INC COM 78409V104 82,362 526,913 SH   SOLE   526,913 0 0
SABRE CORP COM 78573M104 7,555 417,393 SH   SOLE   417,393 0 0
SALESFORCE.COM INC. COM 79466L302 148,414 1,588,673 SH   SOLE   1,588,673 0 0
SBA COMMUNICATIONS C COM 78410G104 37,058 257,255 SH   SOLE   257,255 0 0
SCANA CORP COM 80589M102 13,465 277,681 SH   SOLE   277,681 0 0
SCHLUMBERGER LIMITED COM 806857108 215,246 3,085,527 SH   SOLE   3,085,527 0 0
SCHWAB (CHAS) CORP COM 808513105 105,958 2,422,453 SH   SOLE   2,422,453 0 0
SCRIPPS NETWORKS 'A' COM 811065101 14,682 170,942 SH   SOLE   170,942 0 0
SEAGATE TECHNOLOGY COM G7945M107 19,858 598,680 SH   SOLE   598,680 0 0
SEALED AIR CORP. COM 81211K100 16,820 393,735 SH   SOLE   393,735 0 0
SEATTLE GENETICS INC COM 812578102 54,629 1,004,031 SH   SOLE   1,004,031 0 0
SEI INVESTMENTS CO COM 784117103 16,829 275,612 SH   SOLE   275,612 0 0
SEMGROUP CORP-CL A COM 81663A105 221 7,675 SH   SOLE   7,675 0 0
SEMPRA ENERGY COM 816851109 57,695 505,517 SH   SOLE   505,517 0 0
SENSATA TECH HLDG NV COM N7902X106 16,374 340,626 SH   SOLE   340,626 0 0
SERVICENOW INC. COM 81762P102 41,579 353,772 SH   SOLE   353,772 0 0
SHERWIN WILLIAMS COM 824348106 75,518 210,921 SH   SOLE   210,921 0 0
SHOPIFY INC - A COM 82509L107 18,125 155,590 SH   SOLE   155,590 0 0
SIGNATURE BANK COM 82669G104 13,870 108,324 SH   SOLE   108,324 0 0
SIGNET JEWELERS LTD COM G81276100 8,282 124,443 SH   SOLE   124,443 0 0
SILICON MOTION(ADR) ADR 82706C108 2,060 42,900 SH   SOLE   42,900 0 0
SILICONWARE PREC(ADR ADR 827084864 402 50,908 SH   SOLE   50,908 0 0
SIMON PROPERTY(REIT) COM 828806109 104,004 645,946 SH   SOLE   645,946 0 0
SINA CORP COM G81477104 10,451 91,158 SH   SOLE   91,158 0 0
SIRIUS XM HOLDINGS COM 82968B103 18,434 3,339,532 SH   SOLE   3,339,532 0 0
SITEONE LANDSCAPE SU COM 82982L103 10,709 184,320 SH   SOLE   184,320 0 0
SKYWORKS SOLUTIONS COM 83088M102 38,287 375,736 SH   SOLE   375,736 0 0
SL GREEN REALTY CORP COM 78440X101 21,652 213,696 SH   SOLE   213,696 0 0
SMITH (A.O.) CORP. COM 831865209 17,706 297,930 SH   SOLE   297,930 0 0
SNAP-ONINC. COM 833034101 17,422 116,920 SH   SOLE   116,920 0 0
SOUTHERN CO. COM 842587107 117,103 2,383,051 SH   SOLE   2,383,051 0 0
SOUTHERN COPPER CORP COM 84265V105 5,758 144,811 SH   SOLE   144,811 0 0
SOUTHWEST AIRLINES COM 844741108 18,068 322,763 SH   SOLE   322,763 0 0
SOUTHWEST GAS HOLDIN COM 844895102 428 5,519 SH   SOLE   5,519 0 0
SPDR S&P 500 ETF TRU ETF 78462F103 42,441 168,930 SH   SOLE   168,930 0 0
SPECTRUM BRANDS HLDG COM 84763R101 10,660 100,640 SH   SOLE   100,640 0 0
SPIRE INC COM 84857L101 418 5,598 SH   SOLE   5,598 0 0
SPLUNK INC. COM 848637104 35,096 528,315 SH   SOLE   528,315 0 0
SPRINT CORP COM 85207U105 12,210 1,569,398 SH   SOLE   1,569,398 0 0
SS&C TECHNOLOGIES HO COM 78467J100 13,686 340,874 SH   SOLE   340,874 0 0
STANLEY BLACK & DECK COM 854502101 46,536 308,244 SH   SOLE   308,244 0 0
STARBUCKS CORP COM 855244109 160,869 2,995,134 SH   SOLE   2,995,134 0 0
STATE STREET CORP COM 857477103 77,475 810,917 SH   SOLE   810,917 0 0
STEEL DYNAMICS INC. COM 858119100 19,946 578,635 SH   SOLE   578,635 0 0
STERICYCLE INC. COM 858912108 24,680 344,599 SH   SOLE   344,599 0 0
STRYKER CORP COM 863667101 104,541 736,102 SH   SOLE   736,102 0 0
SUNTRUST BANKS INC COM 867914103 60,273 1,008,421 SH   SOLE   1,008,421 0 0
SVB FINANCIAL GROUP COM 78486Q101 19,374 103,552 SH   SOLE   103,552 0 0
SYMANTEC CORPORATION COM 871503108 44,136 1,345,190 SH   SOLE   1,345,190 0 0
SYNCHRONY FINANCIAL COM 87165B103 50,756 1,634,669 SH   SOLE   1,634,669 0 0
SYNOPSYS INC. COM 871607107 29,559 367,052 SH   SOLE   367,052 0 0
SYSCO CORPORATION COM 871829107 71,297 1,321,546 SH   SOLE   1,321,546 0 0
T ROWE PRICE GROUP COM 74144T108 44,959 495,968 SH   SOLE   495,968 0 0
TABLEAU SOFTWARE-A COM 87336U105 30,219 403,510 SH   SOLE   403,510 0 0
TAIWAN SEMICOND.(ADR ADR 874039100 68,328 1,819,660 SH   SOLE   1,819,660 0 0
TAL EDUCATION GR(ADR ADR 874080104 18,539 549,965 SH   SOLE   549,965 0 0
TARGA RESOURCES CORP COM 87612G101 23,114 488,664 SH   SOLE   488,664 0 0
TARGET CORP. COM 87612E106 64,330 1,090,151 SH   SOLE   1,090,151 0 0
TARO PHARMACEUTICAL COM M8737E108 3,179 28,206 SH   SOLE   28,206 0 0
TATA MOTORS (ADR) ADR 876568502 1,789 57,207 SH   SOLE   57,207 0 0
TD AMERITRADE HLDG COM 87236Y108 101,841 2,086,901 SH   SOLE   2,086,901 0 0
TE CONNECTIVITY LTD COM H84989104 62,353 750,699 SH   SOLE   750,699 0 0
TECH DATA CORP COM 878237106 224 2,525 SH   SOLE   2,525 0 0
TECHNIPFMC PLC COM G87110105 24,105 863,351 SH   SOLE   863,351 0 0
TELEFLEX, INC. COM 879369106 21,996 90,903 SH   SOLE   90,903 0 0
TELEFONICA BRA(ADR) ADR 87936R106 853 53,863 SH   SOLE   53,863 0 0
TELEKOMUNIKASI I(ADR ADR 715684106 648 18,900 SH   SOLE   18,900 0 0
TERADYNE INC COM 880770102 23,841 639,337 SH   SOLE   639,337 0 0
TESARO INC COM 881569107 9,626 74,560 SH   SOLE   74,560 0 0
TESLA INC COM 88160R101 243,012 712,436 SH   SOLE   712,436 0 0
TEVA PHARMACEUT(ADR) ADR 881624209 31,824 1,808,167 SH   SOLE   1,808,167 0 0
TEXAS INSTRUMENTS COM 882508104 184,336 2,056,399 SH   SOLE   2,056,399 0 0
TEXTRON COM 883203101 29,365 545,001 SH   SOLE   545,001 0 0
THE HERSHEY COMPANY COM 427866108 37,916 347,310 SH   SOLE   347,310 0 0
THE MOSAIC COMPANY COM 61945C103 14,388 666,407 SH   SOLE   666,407 0 0
The Toro Company COM 891092108 6,361 102,500 SH   SOLE   102,500 0 0
THERMO FISHER SCIENT COM 883556102 153,879 813,315 SH   SOLE   813,315 0 0
TIFFANY & CO. COM 886547108 47,166 513,899 SH   SOLE   513,899 0 0
TIM PARTICIPACOE(ADR ADR 88706P205 400 21,908 SH   SOLE   21,908 0 0
TIME WARNER INC COM 887317303 164,425 1,604,934 SH   SOLE   1,604,934 0 0
TJX COMPANIES COM 872540109 121,623 1,649,569 SH   SOLE   1,649,569 0 0
T-MOBILE US INC COM 872590104 35,878 581,864 SH   SOLE   581,864 0 0
TOLL BROTHERS INC. COM 889478103 13,151 317,129 SH   SOLE   317,129 0 0
TORCHMARK CORP COM 891027104 18,538 231,469 SH   SOLE   231,469 0 0
TOTAL SYSTEM SERVICE COM 891906109 21,850 333,592 SH   SOLE   333,592 0 0
TRACTOR SUPPLY CO COM 892356106 16,778 265,101 SH   SOLE   265,101 0 0
TRANSDIGM GROUP INC COM 893641100 26,927 105,329 SH   SOLE   105,329 0 0
TRANSOCEAN LTD. COM H8817H100 238 22,079 SH   SOLE   22,079 0 0
TRAVELERS COMPANIES COM 89417E109 73,493 599,848 SH   SOLE   599,848 0 0
TRIMBLE INC COM 896239100 19,550 498,096 SH   SOLE   498,096 0 0
TRIPADVISOR INC COM 896945201 26,060 642,979 SH   SOLE   642,979 0 0
TWENTY-FIRST CENT(A) COM 90130A101 59,320 2,248,690 SH   SOLE   2,248,690 0 0
TWENTY-FIRST CENT(B) COM 90130A200 22,980 891,055 SH   SOLE   891,055 0 0
TWITTER INC COM 90184L102 20,531 1,217,023 SH   SOLE   1,217,023 0 0
TYSON FOODS CL 'A' COM 902494103 49,668 705,012 SH   SOLE   705,012 0 0
U.S. BANCORP COM 902973304 190,435 3,553,556 SH   SOLE   3,553,556 0 0
UDR INC COM 902653104 24,347 640,197 SH   SOLE   640,197 0 0
UGI CORPORATION COM 902681105 16,527 352,690 SH   SOLE   352,690 0 0
ULTA BEAUTY INC COM 90384S303 26,960 119,261 SH   SOLE   119,261 0 0
ULTRAPAR PARTIC(ADR) ADR 90400P101 1,449 60,844 SH   SOLE   60,844 0 0
UNDER ARMOUR -CL A COM 904311107 20,486 1,243,085 SH   SOLE   1,243,085 0 0
UNDER ARMOUR CL-C COM 904311206 17,812 1,185,854 SH   SOLE   1,185,854 0 0
UNION PACIFIC COM 907818108 194,014 1,672,965 SH   SOLE   1,672,965 0 0
UNITED CONTINENTAL COM 910047109 9,834 161,538 SH   SOLE   161,538 0 0
UNITED MICROELEC(ADR ADR 910873405 564 225,428 SH   SOLE   225,428 0 0
UNITED PARCEL SRV-B COM 911312106 170,046 1,415,990 SH   SOLE   1,415,990 0 0
UNITED RENTALS INC. COM 911363109 23,946 172,596 SH   SOLE   172,596 0 0
UNITED STATES STEEL COM 912909108 3,289 128,194 SH   SOLE   128,194 0 0
UNITED TECHNOLOGIES COM 913017109 180,098 1,551,498 SH   SOLE   1,551,498 0 0
UNITED THERAPEUTICS COM 91307C102 10,359 88,399 SH   SOLE   88,399 0 0
UNITEDHEALTH GROUP COM 91324P102 400,775 2,046,339 SH   SOLE   2,046,339 0 0
UNIVERSAL HEALTH-B COM 913903100 19,657 177,185 SH   SOLE   177,185 0 0
UNUM GROUP COM 91529Y106 23,862 466,697 SH   SOLE   466,697 0 0
V.F. CORP COM 918204108 45,020 708,200 SH   SOLE   708,200 0 0
VAIL RESORTS, INC. COM 91879Q109 18,204 79,802 SH   SOLE   79,802 0 0
VALE SA (ADR) ADR 91912E105 402 39,900 SH   SOLE   39,900 0 0
VALERO ENERGY CORP. COM 91913Y100 81,117 1,054,422 SH   SOLE   1,054,422 0 0
VANGUARD REIT ETF ETF 922908553 3,157 38,000 SH   SOLE   38,000 0 0
VANTIV INC-CL A COM 92210H105 32,243 457,547 SH   SOLE   457,547 0 0
VARIAN MEDICAL SYSTE COM 92220P105 42,967 429,411 SH   SOLE   429,411 0 0
VEDANTA LTD(ADR) ADR 92242Y100 899 46,448 SH   SOLE   46,448 0 0
VEEVA SYSTEMS INC-A COM 922475108 11,871 210,447 SH   SOLE   210,447 0 0
VENTAS INC. COM 92276F100 46,910 720,257 SH   SOLE   720,257 0 0
VEREIT INC COM 92339V100 15,851 1,912,096 SH   SOLE   1,912,096 0 0
VERISIGN INC. COM 92343E102 20,484 192,534 SH   SOLE   192,534 0 0
VERISK ANALYTICS INC COM 92345Y106 68,079 818,356 SH   SOLE   818,356 0 0
VERIZON COMMUNICAT. COM 92343V104 446,588 9,023,799 SH   SOLE   9,023,799 0 0
VERTEX PHARMACEUTIC. COM 92532F100 100,406 660,390 SH   SOLE   660,390 0 0
VIACOM INC.CLS-B NEW COM 92553P201 20,027 719,357 SH   SOLE   719,357 0 0
VIPSHOP HLDG-ADS(ADR ADR 92763W103 5,761 655,358 SH   SOLE   655,358 0 0
VISA INC-CL A SHARES COM 92826C839 439,200 4,173,319 SH   SOLE   4,173,319 0 0
VMWARE INC. CLASS-A COM 928563402 22,854 209,301 SH   SOLE   209,301 0 0
VORNADO REALTY TRUST COM 929042109 26,448 344,020 SH   SOLE   344,020 0 0
VOYA FINANCIAL INC COM 929089100 19,447 487,520 SH   SOLE   487,520 0 0
VULCAN MATERIALS CO COM 929160109 31,423 262,730 SH   SOLE   262,730 0 0
W.R. GRACE AND CO. COM 38388F108 10,185 141,161 SH   SOLE   141,161 0 0
WABCO HOLDINGS INC COM 92927K102 15,567 105,184 SH   SOLE   105,184 0 0
WABTEC CORPORATION COM 929740108 46,996 620,407 SH   SOLE   620,407 0 0
WAL MART STORES INC. COM 931142103 260,323 3,331,496 SH   SOLE   3,331,496 0 0
WALGREENS BOOTS COM 931427108 149,619 1,937,573 SH   SOLE   1,937,573 0 0
WALT DISNEY CO COM 254687106 315,444 3,200,199 SH   SOLE   3,200,199 0 0
WASTE CONNECTIONS COM 94106B101 56,240 803,891 SH   SOLE   803,891 0 0
WASTE MANAGEMENT INC COM 94106L109 82,230 1,050,599 SH   SOLE   1,050,599 0 0
WATERS CORPORATION COM 941848103 84,776 472,235 SH   SOLE   472,235 0 0
WATSCOINC. COM 942622200 32,085 199,200 SH   SOLE   199,200 0 0
WAYFAIR INC- CLASS A COM 94419L101 27,628 409,910 SH   SOLE   409,910 0 0
WEATHERFORD INTERNAT COM G48833100 8,368 1,827,122 SH   SOLE   1,827,122 0 0
WEC ENERGY GROUP INC COM 92939U106 47,560 757,563 SH   SOLE   757,563 0 0
WEIBO CORP-SPON (ADR ADR 948596101 7,742 78,248 SH   SOLE   78,248 0 0
WELLS FARGO COMPANY COM 949746101 535,976 9,718,520 SH   SOLE   9,718,520 0 0
WELLTOWER INC COM 95040Q104 52,710 749,997 SH   SOLE   749,997 0 0
WESTAR ENERGY INC COM 95709T100 14,706 296,482 SH   SOLE   296,482 0 0
WESTERN DIGITAL CORP COM 958102105 53,015 613,601 SH   SOLE   613,601 0 0
WESTERN UNION COM. COM 959802109 18,831 980,791 SH   SOLE   980,791 0 0
WESTROCK CO COM 96145D105 28,925 509,880 SH   SOLE   509,880 0 0
WEYERHAEUSER COM 962166104 63,658 1,870,650 SH   SOLE   1,870,650 0 0
WGL HOLDINGS INC COM 92924F106 500 5,935 SH   SOLE   5,935 0 0
WHIRLPOOL CORP COM 963320106 27,779 150,611 SH   SOLE   150,611 0 0
WILLIAMS COMPANIES COM 969457100 53,659 1,788,033 SH   SOLE   1,788,033 0 0
WILLIS TOWERS WATSON COM G96629103 42,724 277,018 SH   SOLE   277,018 0 0
WIPRO LIMITED (ADR) ADR 97651M109 2,162 380,693 SH   SOLE   380,693 0 0
WORKDAY INC COM 98138H101 54,152 513,828 SH   SOLE   513,828 0 0
WYNDHAM WORLDWIDE CO COM 98310W108 22,786 216,163 SH   SOLE   216,163 0 0
WYNN RESORTS LIMITED COM 983134107 24,298 163,162 SH   SOLE   163,162 0 0
XCEL ENERGY INC COM 98389B100 55,267 1,167,945 SH   SOLE   1,167,945 0 0
XEROX COM 984121608 17,533 526,664 SH   SOLE   526,664 0 0
XILINX INC. COM 983919101 35,838 505,976 SH   SOLE   505,976 0 0
XL GROUP LTD COM G98294104 20,964 531,406 SH   SOLE   531,406 0 0
XYLEM INC. COM 98419M100 22,344 356,760 SH   SOLE   356,760 0 0
YANDEX NV-A COM N97284108 11,900 361,160 SH   SOLE   361,160 0 0
YUM CHINA HOLDINGS I COM 98850P109 29,758 744,514 SH   SOLE   744,514 0 0
YUM! BRANDS INC COM 988498101 48,857 663,732 SH   SOLE   663,732 0 0
YY INC(ADR) ADR 98426T106 6,283 72,400 SH   SOLE   72,400 0 0
ZAYO GROUP HOLDINGS COM 98919V105 12,458 361,951 SH   SOLE   361,951 0 0
ZILLOW GROUP INC - C COM 98954M200 16,361 406,880 SH   SOLE   406,880 0 0
ZILLOW INC.-A COM 98954M101 2,400 59,768 SH   SOLE   59,768 0 0
ZIMMER BIOMET HOLDIN COM 98956P102 47,491 405,592 SH   SOLE   405,592 0 0
ZIONS BANCORPORATION COM 989701107 18,969 402,050 SH   SOLE   402,050 0 0
ZOETIS INC COM 98978V103 62,347 977,845 SH   SOLE   977,845 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 231,600 10,000,000 SH   SOLE   10,000,000 0 0
SPDR SERIES TRUST BLOOMBERG BRCLYS 78464A417 223,920 6,000,000 SH   SOLE   6,000,000 0 0
SPDR SER TR BLOOMBERG SRT TR 78468R408 83,910 3,000,000 SH   SOLE   3,000,000 0 0
ISHARES GOLD TRUST ISHARES 464285105 14,820 1,200,000 SH   SOLE   1,200,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 16,043 358,020 SH   SOLE   358,020 0 0
ISHARES TR MSCI INDIA ETF 46429B598 9,721 295,906 SH   SOLE   295,906 0 0
ISHARES TR MBS ETF 464288588 10,722 100,000 SH   SOLE   100,000 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 13,362 59,700 SH   SOLE   59,700 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 4,863 40,000 SH   SOLE   40,000 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 873 6,000 SH   SOLE   6,000 0 0