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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACTIVISION BLIZZARD INC COM 00507V109   5,788,880 67,635 SH   DFND 4 67,635 0 0
ACTIVISION BLIZZARD INC COM 00507V109   1,533,687 17,919 SH   DFND 2 17,919 0 0
ALEXANDER & BALDWIN INC NEW COM 014491104   4,407,127 233,058 SH   DFND 3 233,058 0 0
ALEXANDER & BALDWIN INC NEW COM 014491104   5,974,879 315,964 SH   DFND 2 315,964 0 0
ALEXANDER & BALDWIN INC NEW COM 014491104   6,038,833 319,346 SH   DFND 4 319,346 0 0
ALPHABET INC CAP STK CL C 02079K107   7,945,808 76,402 SH   DFND 4 76,402 0 0
ALPHABET INC CAP STK CL C 02079K107   2,033,928 19,557 SH   DFND 2 19,557 0 0
AMDOCS LTD SHS G02602103   4,142,638 43,139 SH   DFND 2 43,139 0 0
AMDOCS LTD SHS G02602103   15,604,491 162,496 SH   DFND 4 162,496 0 0
AMERICAN TOWER CORP NEW COM 03027X100   10,232,939 50,078 SH   DFND 3 50,078 0 0
AMERICAN TOWER CORP NEW COM 03027X100   16,187,815 79,220 SH   DFND 2 79,220 0 0
AMERICAN TOWER CORP NEW COM 03027X100   1,450,814 7,100 SH Call DFND 4 7,100 0 0
AMERICAN TOWER CORP NEW COM 03027X100   26,101,983 127,738 SH   DFND 4 127,738 0 0
AMERICAN TOWER CORP NEW COM 03027X100   126,854,272 620,800 SH   DFND 1 620,800 0 0
AMERICAN TOWER CORP NEW COM 03027X100   1,491,682 7,300 SH Call DFND 2 7,300 0 0
APOLLO COML REAL EST FIN INC COM 03762U105   99,617 10,700 SH Put DFND 2 10,700 0 0
APOLLO COML REAL EST FIN INC COM 03762U105   310,023 33,300 SH Put DFND 4 33,300 0 0
ARES CAPITAL CORP COM 04010L103   504,390 27,600 SH Put DFND 2 27,600 0 0
ARES CAPITAL CORP COM 04010L103   1,555,203 85,100 SH Put DFND 4 85,100 0 0
ARISTA NETWORKS INC COM 040413106   2,762,808 16,459 SH   DFND 2 16,459 0 0
ARISTA NETWORKS INC COM 040413106   10,382,980 61,855 SH   DFND 4 61,855 0 0
BLACKSTONE MORTGAGE TRUST IN NOTE 5.500% 3/1 09257WAE0   793,125 1,000,000 PRN   DFND 3 1,000,000 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100   480,165 26,900 SH Put DFND 2 26,900 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100   1,483,335 83,100 SH Put DFND 4 83,100 0 0
BOSTON PROPERTIES INC COM 101121101   59,532 1,100 SH Put DFND 2 1,100 0 0
BOSTON PROPERTIES INC COM 101121101   178,596 3,300 SH Put DFND 4 3,300 0 0
BROADCOM INC COM 11135F101   11,636,253 18,138 SH   DFND 4 18,138 0 0
BROADCOM INC COM 11135F101   3,049,881 4,754 SH   DFND 2 4,754 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108   789,603 2,208 SH   DFND 2 2,208 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108   3,017,513 8,438 SH   DFND 4 8,438 0 0
CIENA CORP COM NEW 171779309   7,299,492 138,985 SH   DFND 4 138,985 0 0
CIENA CORP COM NEW 171779309   2,303,265 43,855 SH   DFND 2 43,855 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106   837,443 697,869 SH   DFND 2 697,869 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106   845,454 704,545 SH   DFND 4 704,545 0 0
CROWN CASTLE INC COM 22822V101   3,369,020 25,172 SH   DFND 3 25,172 0 0
CROWN CASTLE INC COM 22822V101   2,891,212 21,602 SH   DFND 4 21,602 0 0
CROWN CASTLE INC COM 22822V101   2,428,661 18,146 SH   DFND 2 18,146 0 0
CROWN CASTLE INC COM 22822V101   2,489,424 18,600 SH Call DFND 4 18,600 0 0
CROWN CASTLE INC COM 22822V101   2,235,128 16,700 SH Call DFND 2 16,700 0 0
CROWN CASTLE INC COM 22822V101   9,756,936 72,900 SH   DFND 1 72,900 0 0
DISNEY WALT CO COM 254687106   4,941,516 49,351 SH   DFND 4 49,351 0 0
DISNEY WALT CO COM 254687106   1,273,954 12,723 SH   DFND 2 12,723 0 0
EPR PPTYS COM SH BEN INT 26884U109   194,310 5,100 SH Put DFND 2 5,100 0 0
EPR PPTYS COM SH BEN INT 26884U109   590,550 15,500 SH Put DFND 4 15,500 0 0
EQUINIX INC COM 29444U700   11,533,035 15,995 SH   DFND 3 15,995 0 0
EQUINIX INC COM 29444U700   18,747,761 26,001 SH   DFND 2 26,001 0 0
EQUINIX INC COM 29444U700   28,405,371 39,395 SH   DFND 4 39,395 0 0
EQUINIX INC COM 29444U700   130,184,493 180,551 SH   DFND 1 180,551 0 0
ERICSSON ADR B SEK 10 294821608   1,999,074 341,722 SH   DFND 2 341,722 0 0
ERICSSON ADR B SEK 10 294821608   6,433,385 1,099,724 SH   DFND 4 1,099,724 0 0
FS KKR CAP CORP COM 302635206   216,450 11,700 SH Put DFND 2 11,700 0 0
FS KKR CAP CORP COM 302635206   669,700 36,200 SH Put DFND 4 36,200 0 0
HARMONIC INC COM 413160102   7,997,509 548,150 SH   DFND 4 548,150 0 0
HARMONIC INC COM 413160102   2,241,097 153,605 SH   DFND 2 153,605 0 0
IMPINJ INC COM 453204109   4,116,556 30,376 SH   DFND 4 30,376 0 0
IMPINJ INC COM 453204109   1,234,316 9,108 SH   DFND 2 9,108 0 0
INDUS REALTY TRUST INC COM 45580R103   2,031,192 30,641 SH   DFND 3 30,641 0 0
INDUS REALTY TRUST INC COM 45580R103   2,497,211 37,671 SH   DFND 4 37,671 0 0
INDUS REALTY TRUST INC COM 45580R103   2,612,025 39,403 SH   DFND 2 39,403 0 0
IRON MTN INC DEL COM 46284V101   2,359,786 44,600 SH Put DFND 4 44,600 0 0
IRON MTN INC DEL COM 46284V101   761,904 14,400 SH Put DFND 2 14,400 0 0
JUNIPER NETWORKS INC COM 48203R104   8,388,636 243,714 SH   DFND 4 243,714 0 0
JUNIPER NETWORKS INC COM 48203R104   2,224,599 64,631 SH   DFND 2 64,631 0 0
LAMAR ADVERTISING CO NEW CL A 512816109   4,666,561 46,717 SH   DFND 3 46,717 0 0
LAMAR ADVERTISING CO NEW CL A 512816109   10,337,117 103,485 SH   DFND 4 103,485 0 0
LAMAR ADVERTISING CO NEW CL A 512816109   7,357,798 73,659 SH   DFND 2 73,659 0 0
LUMENTUM HLDGS INC COM 55024U109   1,975,308 36,573 SH   DFND 2 36,573 0 0
LUMENTUM HLDGS INC COM 55024U109   7,474,282 138,387 SH   DFND 4 138,387 0 0
LXP INDUSTRIAL TRUST COM 529043101   2,295,130 222,612 SH   DFND 3 222,612 0 0
LXP INDUSTRIAL TRUST COM 529043101   3,230,010 313,289 SH   DFND 4 313,289 0 0
LXP INDUSTRIAL TRUST COM 529043101   3,180,522 308,489 SH   DFND 2 308,489 0 0
MARVELL TECHNOLOGY INC COM 573874104   6,978,141 161,158 SH   DFND 4 161,158 0 0
MARVELL TECHNOLOGY INC COM 573874104   1,884,243 43,516 SH   DFND 2 43,516 0 0
MEDICAL PPTYS TRUST INC COM 58463J304   429,084 52,200 SH Put DFND 2 52,200 0 0
MEDICAL PPTYS TRUST INC COM 58463J304   1,325,064 161,200 SH Put DFND 4 161,200 0 0
OMEGA HEALTHCARE INVS INC COM 681936100   2,782,115 101,500 SH Put DFND 4 101,500 0 0
OMEGA HEALTHCARE INVS INC COM 681936100   836,005 30,500 SH Put DFND 2 30,500 0 0
OWL ROCK CAPITAL CORPORATION COM 69121K104   68,094 5,400 SH Put DFND 2 5,400 0 0
OWL ROCK CAPITAL CORPORATION COM 69121K104   235,807 18,700 SH Put DFND 4 18,700 0 0
PROLOGIS INC. COM 74340W103   11,104,530 89,000 SH   DFND 3 89,000 0 0
PROLOGIS INC. COM 74340W103   5,964,006 47,800 SH Call DFND 4 47,800 0 0
PROLOGIS INC. COM 74340W103   10,541,942 84,491 SH   DFND 4 84,491 0 0
PROLOGIS INC. COM 74340W103   6,138,684 49,200 SH Call DFND 2 49,200 0 0
PROLOGIS INC. COM 74340W103   10,088,029 80,853 SH   DFND 2 80,853 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201   1,574,148 56,300 SH Put DFND 4 56,300 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201   508,872 18,200 SH Put DFND 2 18,200 0 0
PROSPECT CAP CORP COM 74348T102   125,280 18,000 SH Put DFND 2 18,000 0 0
PROSPECT CAP CORP COM 74348T102   389,760 56,000 SH Put DFND 4 56,000 0 0
REALTY INCOME CORP COM 756109104   3,026,696 47,800 SH Put DFND 4 47,800 0 0
REALTY INCOME CORP COM 756109104   975,128 15,400 SH Put DFND 2 15,400 0 0
REXFORD INDL RLTY INC COM 76169C100   5,705,701 95,653 SH   DFND 3 95,653 0 0
REXFORD INDL RLTY INC COM 76169C100   8,028,472 134,593 SH   DFND 2 134,593 0 0
REXFORD INDL RLTY INC COM 76169C100   9,193,914 154,131 SH   DFND 4 154,131 0 0
RPT REALTY 7.25 PFD D CONV 74971D200   2,376,500 50,000 SH   DFND 3 50,000 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   8,194,204 31,387 SH   DFND 3 31,387 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   11,852,317 45,399 SH   DFND 4 45,399 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   11,481,598 43,979 SH   DFND 2 43,979 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104   38,550,379 147,663 SH   DFND 1 147,663 0 0
SL GREEN RLTY CORP COM 78440X887   409,248 17,400 SH Call DFND 2 17,400 0 0
SL GREEN RLTY CORP COM 78440X887   1,237,152 52,600 SH Call DFND 4 52,600 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   491,268 1,200 SH Put DFND 2 1,200 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   1,555,682 3,800 SH Put DFND 4 3,800 0 0
STARWOOD PPTY TR INC COM 85571B105   258,274 14,600 SH Put DFND 2 14,600 0 0
STARWOOD PPTY TR INC COM 85571B105   803,126 45,400 SH Put DFND 4 45,400 0 0
SUN CMNTYS INC COM 866674104   5,880,613 41,742 SH   DFND 3 41,742 0 0
SUN CMNTYS INC COM 866674104   8,356,015 59,313 SH   DFND 4 59,313 0 0
SUN CMNTYS INC COM 866674104   7,970,990 56,580 SH   DFND 2 56,580 0 0
TERRENO RLTY CORP COM 88146M101   1,665,905 25,788 SH   DFND 3 25,788 0 0
TERRENO RLTY CORP COM 88146M101   2,430,898 37,630 SH   DFND 2 37,630 0 0
TERRENO RLTY CORP COM 88146M101   2,495,046 38,623 SH   DFND 4 38,623 0 0
T-MOBILE US INC COM 872590104   9,753,960 67,343 SH   DFND 2 67,343 0 0
T-MOBILE US INC COM 872590104   15,852,303 109,447 SH   DFND 4 109,447 0 0
U HAUL HOLDING COMPANY COM SER N 023586506   8,434,699 162,675 SH   DFND 2 162,675 0 0
U HAUL HOLDING COMPANY COM SER N 023586506   8,958,332 172,774 SH   DFND 4 172,774 0 0
UNITI GROUP INC COM 91325V108   2,940,252 828,240 SH   DFND 4 828,240 0 0
UNITI GROUP INC COM 91325V108   895,388 252,222 SH   DFND 2 252,222 0 0
VANGUARD INDEX FDS REAL ESTATE ETF 922908553   1,428,288 17,200 SH Put DFND 4 17,200 0 0
VANGUARD INDEX FDS REAL ESTATE ETF 922908553   697,536 8,400 SH Put DFND 2 8,400 0 0
VERTIV HOLDINGS CO COM CL A 92537N108   8,239,126 575,760 SH   DFND 4 575,760 0 0
VERTIV HOLDINGS CO COM CL A 92537N108   2,214,100 154,724 SH   DFND 2 154,724 0 0
VORNADO RLTY TR SH BEN INT 929042109   153,700 10,000 SH Put DFND 2 10,000 0 0
VORNADO RLTY TR SH BEN INT 929042109   537,950 35,000 SH Put DFND 4 35,000 0 0
WARNER MUSIC GROUP CORP COM CL A 934550203   6,123,595 183,506 SH   DFND 4 183,506 0 0
WARNER MUSIC GROUP CORP COM CL A 934550203   1,728,299 51,792 SH   DFND 2 51,792 0 0