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
INTEGRATED DEVICE TECHNOLOGY INC COM 458118106 762 15,545 SH   DFND   15,545 0 0
COPART INC COM 217204106 465 7,677 SH   DFND   7,677 0 0
ALLEGHANY CORP DEL COM 017175100 379 619 SH   DFND   619 0 0
STMICROELECTRONICS N V NY REGISTRY 861012102 328 22,071 SH   DFND   22,071 0 0
CORNING INC COM 219350105 234 7,069 SH   DFND   7,069 0 0
CARLISLE COS INC COM 142339100 1,448 11,811 SH   DFND   11,811 0 0
BAUSCH HEALTH COS INC COM 071734107 207 8,382 SH   DFND   8,382 0 0
DOLLAR TREE INC COM 256746108 275 2,615 SH   DFND   2,615 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 213 1,300 SH   DFND   1,300 0 0
VAIL RESORTS INC COM 91879Q109 546 2,511 SH   DFND   2,511 0 0
TOTAL SYS SVCS INC COM 891906109 209 2,200 SH   DFND   2,200 0 0
BIO RAD LABS INC CL A 090572207 558 1,827 SH   DFND   1,827 0 0
L3 TECHNOLOGIES INC COM 502413107 254 1,229 SH   DFND   1,229 0 0
BEST BUY INC COM 086516101 879 12,370 SH   DFND   12,370 0 0
IONIS PHARMACEUTICALS INC COM 462222100 495 6,096 SH   DFND   6,096 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 353 7,400 SH   DFND   7,400 0 0
NEWMARKET CORP COM 651587107 225 519 SH   DFND   519 0 0
HOST HOTELS & RESORTS INC COM 44107P104 278 14,719 SH   DFND   14,719 0 0
MASCO CORP COM 574599106 944 24,005 SH   DFND   24,005 0 0
DARDEN RESTAURANTS INC COM 237194105 2,451 20,180 SH   DFND   20,180 0 0
COSTCO WHSL CORP NEW COM 22160K105 1,066 4,404 SH   DFND   4,404 0 0
PG&E CORP COM 69331C108 784 44,066 SH   DFND   44,066 0 0
CVS HEALTH CORP COM 126650100 397 7,362 SH   DFND   7,362 0 0
ARRIS INTERNATIONAL PLC SHS G0551A103 714 22,574 SH   DFND   22,574 0 0
DANAHER CORPORATION COM 235851102 362 2,742 SH   DFND   2,742 0 0
ELECTRONIC ARTS INC COM 285512109 630 6,200 SH   DFND   6,200 0 0
BLACKBERRY LTD COM 09228F103 269 26,683 SH   DFND   26,683 0 0
HARRIS CORP DEL COM 413875105 238 1,488 SH   DFND   1,488 0 0
CENTURYLINK INC COM 156700106 225 18,803 SH   DFND   18,803 0 0
CARDINAL HEALTH INC COM 14149Y108 299 6,215 SH   DFND   6,215 0 0
BP PLC SPONSORED ADR 055622104 1,028 23,510 SH   DFND   23,510 0 0
COLUMBIA SPORTSWEAR CO COM 198516106 553 5,306 SH   DFND   5,306 0 0
PROCTER AND GAMBLE CO COM 742718109 275 2,640 SH   DFND   2,640 0 0
AMBEV SA SPONSORED ADR 02319V103 136 31,552 SH   DFND   31,552 0 0
MATTEL INC COM 577081102 191 14,684 SH   DFND   14,684 0 0
CARMAX INC COM 143130102 710 10,170 SH   DFND   10,170 0 0
CELGENE CORP COM 151020104 1,337 14,171 SH   DFND   14,171 0 0
TJX COS INC NEW COM 872540109 208 3,900 SH   DFND   3,900 0 0
GENESEE & WYO INC CL A 371559105 406 4,663 SH   DFND   4,663 0 0
KOHLS CORP COM 500255104 213 3,093 SH   DFND   3,093 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 273 1,945 SH   DFND   1,945 0 0
TORO CO COM 891092108 1,920 27,889 SH   DFND   27,889 0 0
RED HAT INC COM 756577102 297 1,627 SH   DFND   1,627 0 0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS 881624209 374 23,828 SH   DFND   23,828 0 0
EDISON INTL COM 281020107 223 3,600 SH   DFND   3,600 0 0
PVH CORP COM 693656100 1,122 9,200 SH   DFND   9,200 0 0
COSTAR GROUP INC COM 22160N109 1,460 3,130 SH   DFND   3,130 0 0
HASBRO INC COM 418056107 276 3,246 SH   DFND   3,246 0 0
INFOSYS LTD SPONSORED ADR 456788108 157 14,404 SH   DFND   14,404 0 0