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
PEABODY ENERGY CORP SDCV 4.750%12/1 704549AG9 6,005 8,000,000 SH   SOLE   8,000,000 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 24,372 399,143 SH   SOLE   399,143 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 15,322 356,650 SH   SOLE   356,650 0 0
BOISE CASCADE CO DEL COM 09739D100 1,361 47,538 SH   SOLE   47,538 0 0
CIT GROUP INC COM NEW 125581801 2,482 54,250 SH   SOLE   54,250 0 0
CALPINE CORP COM NEW 131347304 53,054 2,228,216 SH   SOLE   2,228,216 0 0
EVERBANK FINL CORP COM 29977G102 5,696 282,527 SH   SOLE   282,527 0 0
FEDERAL MOGUL HOLDINGS CORP COM 313549404 42,847 2,118,016 SH   SOLE   2,118,016 0 0
GENERAL MTRS CO COM 37045V100 442 12,175 SH   SOLE   12,175 0 0
GRACE W R & CO DEL NEW COM 38388F108 17,467 184,773 SH   SOLE   184,773 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 18,405 419,142 SH   SOLE   419,142 0 0
MARKEL CORP COM 570535104 21,370 32,594 SH   SOLE   32,594 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 1,255 66,837 SH   SOLE   66,837 0 0
SCYNEXIS INC COM 811292101 12,440 1,551,161 SH   SOLE   1,551,161 0 0
TIME WARNER CABLE INC COM 88732J207 30,188 204,939 SH   SOLE   204,939 0 0
TWITTER INC COM 90184L102 983 23,996 SH   SOLE   23,996 0 0
PARTNERRE LTD COM G6852T105 22,554 206,518 SH   SOLE   206,518 0 0
TRONOX LTD SHS CL A Q9235V101 6,690 248,690 SH   SOLE   248,690 0 0
ACADIA RLTY TR COM SH BEN INT 004239109 3,611 128,562 SH   SOLE   128,562 0 0
AGREE REALTY CORP COM 008492100 957 31,670 SH   SOLE   31,670 0 0
ALEXANDERS INC COM 014752109 1,681 4,549 SH   SOLE   4,549 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 12,327 158,767 SH   SOLE   158,767 0 0
AMERICAN ASSETS TR INC COM 024013104 2,702 78,213 SH   SOLE   78,213 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 8,896 232,629 SH   SOLE   232,629 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 5,251 295,690 SH   SOLE   295,690 0 0
AMER RLTY CAP HEALTHCAR TR I COM 02917R108 3,828 351,550 SH   SOLE   351,550 0 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 25,271 2,016,867 SH   SOLE   2,016,867 0 0
AMERICAN RESIDENTIAL PPTYS I COM 02927E303 755 40,280 SH   SOLE   40,280 0 0
AMERICAN TOWER CORP NEW COM 03027X100 79,441 882,879 SH   SOLE   882,879 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 10,475 324,603 SH   SOLE   324,603 0 0
ARMADA HOFFLER PPTYS INC COM 04208T108 445 45,930 SH   SOLE   45,930 0 0
ASHFORD HOSPITALITY PRIME IN COM 044102101 703 40,976 SH   SOLE   40,976 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 1,735 150,323 SH   SOLE   150,323 0 0
ASSOCIATED ESTATES RLTY CORP COM 045604105 2,368 131,435 SH   SOLE   131,435 0 0
AVALONBAY CMNTYS INC COM 053484101 40,863 287,380 SH   SOLE   287,380 0 0
AVIV REIT INC MD COM 05381L101 1,856 65,870 SH   SOLE   65,870 0 0
BIOMED REALTY TRUST INC COM 09063H107 9,324 427,097 SH   SOLE   427,097 0 0
BOSTON PROPERTIES INC COM 101121101 39,846 337,165 SH   SOLE   337,165 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 5,430 348,099 SH   SOLE   348,099 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 2,127 92,700 SH   SOLE   92,700 0 0
CBL & ASSOC PPTYS INC COM 124830100 7,221 380,047 SH   SOLE   380,047 0 0
CAMDEN PPTY TR SH BEN INT 133131102 13,421 188,626 SH   SOLE   188,626 0 0
CAMPUS CREST CMNTYS INC COM 13466Y105 1,272 146,878 SH   SOLE   146,878 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 359 26,250 SH   SOLE   26,250 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 1,109 177,495 SH   SOLE   177,495 0 0
CHAMBERS STR PPTYS COM 157842105 4,290 533,610 SH   SOLE   533,610 0 0
CHATHAM LODGING TR COM 16208T102 1,317 60,127 SH   SOLE   60,127 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 3,375 111,642 SH   SOLE   111,642 0 0
COLUMBIA PPTY TR INC COM NEW 198287203 7,223 277,710 SH   SOLE   277,710 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 6,923 263,028 SH   SOLE   263,028 0 0
CORESITE RLTY CORP COM 21870Q105 1,612 48,733 SH   SOLE   48,733 0 0
CORENERGY INFRASTRUCTURE TR COM 21870U205 361 48,680 SH   SOLE   48,680 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 5,079 182,623 SH   SOLE   182,623 0 0
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 8,146 247,990 SH   SOLE   247,990 0 0
COUSINS PPTYS INC COM 222795106 5,111 410,496 SH   SOLE   410,496 0 0
CROWN CASTLE INTL CORP COM 228227104 55,191 743,210 SH   SOLE   743,210 0 0
CUBESMART COM 229663109 5,921 323,210 SH   SOLE   323,210 0 0
CYRUSONE INC COM 23283R100 1,036 41,620 SH   SOLE   41,620 0 0
DCT INDUSTRIAL TRUST INC COM 233153105 5,901 718,710 SH   SOLE   718,710 0 0
DDR CORP COM 23317H102 11,984 679,738 SH   SOLE   679,738 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 5,650 440,687 SH   SOLE   440,687 0 0
DIGITAL RLTY TR INC COM 253868103 17,566 301,192 SH   SOLE   301,192 0 0
DOUGLAS EMMETT INC COM 25960P109 8,331 295,214 SH   SOLE   295,214 0 0
DUKE REALTY CORP COM NEW 264411505 13,301 732,456 SH   SOLE   732,456 0 0
DUPONT FABROS TECHNOLOGY INC COM 26613Q106 3,989 147,966 SH   SOLE   147,966 0 0
EPR PPTYS COM SH BEN INT 26884U109 6,563 117,462 SH   SOLE   117,462 0 0
EASTGROUP PPTY INC COM 277276101 4,481 69,759 SH   SOLE   69,759 0 0
EDUCATION RLTY TR INC COM 28140H104 2,773 258,191 SH   SOLE   258,191 0 0
EMPIRE ST RLTY TR INC CL A 292104106 2,869 173,880 SH   SOLE   173,880 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 7,505 169,956 SH   SOLE   169,956 0 0
EQUITY ONE COM 294752100 3,142 133,196 SH   SOLE   133,196 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 49,904 792,134 SH   SOLE   792,134 0 0
ESSEX PPTY TR INC COM 297178105 25,539 138,117 SH   SOLE   138,117 0 0
EXCEL TR INC COM 30068C109 1,350 101,275 SH   SOLE   101,275 0 0
EXTRA SPACE STORAGE INC COM 30225T102 12,891 242,082 SH   SOLE   242,082 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 17,925 148,236 SH   SOLE   148,236 0 0
FELCOR LODGING TR INC COM 31430F101 2,991 284,615 SH   SOLE   284,615 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 4,676 248,203 SH   SOLE   248,203 0 0
FIRST POTOMAC RLTY TR COM 33610F109 1,748 133,251 SH   SOLE   133,251 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 2,492 198,119 SH   SOLE   198,119 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 5,768 169,790 SH   SOLE   169,790 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 26,441 1,122,269 SH   SOLE   1,122,269 0 0
GETTY RLTY CORP NEW COM 374297109 1,156 60,598 SH   SOLE   60,598 0 0
GLADSTONE COML CORP COM 376536108 608 34,020 SH   SOLE   34,020 0 0
GLIMCHER RLTY TR SH BEN INT 379302102 3,538 326,692 SH   SOLE   326,692 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 3,043 119,857 SH   SOLE   119,857 0 0
GRAMERCY PPTY TR INC COM 38489R100 1,480 244,620 SH   SOLE   244,620 0 0
HCP INC COM 40414L109 42,160 1,018,859 SH   SOLE   1,018,859 0 0
HEALTHCARE RLTY TR COM 421946104 5,386 211,892 SH   SOLE   211,892 0 0
HEALTH CARE REIT INC COM 42217K106 42,810 683,099 SH   SOLE   683,099 0 0
HEALTHCARE TR AMER INC CL A 42225P105 6,355 527,820 SH   SOLE   527,820 0 0
HERSHA HOSPITALITY TR SH BEN INT A 427825104 2,594 386,553 SH   SOLE   386,553 0 0
HIGHWOODS PPTYS INC COM 431284108 8,386 199,899 SH   SOLE   199,899 0 0
HOME PROPERTIES INC COM 437306103 8,104 126,710 SH   SOLE   126,710 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 10,119 332,850 SH   SOLE   332,850 0 0
HOST HOTELS & RESORTS INC COM 44107P104 36,987 1,680,484 SH   SOLE   1,680,484 0 0
HUDSON PAC PPTYS INC COM 444097109 3,133 123,652 SH   SOLE   123,652 0 0
INLAND REAL ESTATE CORP COM NEW 457461200 2,029 190,919 SH   SOLE   190,919 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 2,221 241,151 SH   SOLE   241,151 0 0
ISHARES U.S. REAL ES ETF 464287739 107,685 1,500,000 SH   SOLE   1,500,000 0 0
KILROY RLTY CORP COM 49427F108 11,397 183,003 SH   SOLE   183,003 0 0
KIMCO RLTY CORP COM 49446R109 20,706 901,023 SH   SOLE   901,023 0 0
KITE RLTY GROUP TR COM 49803T102 1,798 292,773 SH   SOLE   292,773 0 0
LTC PPTYS INC COM 502175102 3,054 78,226 SH   SOLE   78,226 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 8,182 231,852 SH   SOLE   231,852 0 0
LEXINGTON REALTY TRUST COM 529043101 5,594 508,105 SH   SOLE   508,105 0 0
LIBERTY PPTY TR SH BEN INT 531172104 12,465 328,620 SH   SOLE   328,620 0 0
MACERICH CO COM 554382101 20,858 312,472 SH   SOLE   312,472 0 0
MACK CALI RLTY CORP COM 554489104 4,254 198,023 SH   SOLE   198,023 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 5,103 385,417 SH   SOLE   385,417 0 0
MID-AMER APT CMNTYS INC COM 59522J103 12,067 165,185 SH   SOLE   165,185 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 1,040 103,597 SH   SOLE   103,597 0 0
NATIONAL HEALTH INVS INC COM 63633D104 4,104 65,594 SH   SOLE   65,594 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 10,200 274,270 SH   SOLE   274,270 0 0
NEW YORK REIT INC COM 64976L109 4,044 365,630 SH   SOLE   365,630 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 10,360 281,073 SH   SOLE   281,073 0 0
ONE LIBERTY PPTYS INC COM 682406103 610 28,607 SH   SOLE   28,607 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 3,677 44,040 SH   SOLE   44,040 0 0
PARKWAY PPTYS INC COM 70159Q104 3,271 158,389 SH   SOLE   158,389 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 5,347 144,657 SH   SOLE   144,657 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 2,768 147,065 SH   SOLE   147,065 0 0
PHYSICIANS RLTY TR COM 71943U104 997 69,250 SH   SOLE   69,250 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 6,603 348,612 SH   SOLE   348,612 0 0
PLUM CREEK TIMBER CO INC COM 729251108 17,766 393,917 SH   SOLE   393,917 0 0
POST PPTYS INC COM 737464107 6,405 119,803 SH   SOLE   119,803 0 0
POTLATCH CORP NEW COM 737630103 3,481 84,078 SH   SOLE   84,078 0 0
PROLOGIS INC COM 74340W103 45,529 1,108,021 SH   SOLE   1,108,021 0 0
PUBLIC STORAGE COM 74460D109 54,386 317,399 SH   SOLE   317,399 0 0
RLJ LODGING TR COM 74965L101 8,499 294,194 SH   SOLE   294,194 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 2,533 152,400 SH   SOLE   152,400 0 0
RAYONIER INC COM 754907103 9,986 280,889 SH   SOLE   280,889 0 0
REALTY INCOME CORP COM 756109104 21,859 492,094 SH   SOLE   492,094 0 0
REGENCY CTRS CORP COM 758849103 11,298 202,908 SH   SOLE   202,908 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 3,102 197,186 SH   SOLE   197,186 0 0
RETAIL PPTYS AMER INC CL A 76131V202 8,012 520,915 SH   SOLE   520,915 0 0
REXFORD INDL RLTY INC COM 76169C100 509 35,710 SH   SOLE   35,710 0 0
ROUSE PPTYS INC COM 779287101 1,425 83,313 SH   SOLE   83,313 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 5,218 108,370 SH   SOLE   108,370 0 0
SL GREEN RLTY CORP COM 78440X101 23,121 211,325 SH   SOLE   211,325 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 2,996 104,343 SH   SOLE   104,343 0 0
SAUL CTRS INC COM 804395101 1,408 28,976 SH   SOLE   28,976 0 0
SELECT INCOME REIT COM SH BEN INT 81618T100 2,475 83,490 SH   SOLE   83,490 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 10,971 451,667 SH   SOLE   451,667 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 1,340 82,090 SH   SOLE   82,090 0 0
SIMON PPTY GROUP INC NEW COM 828806109 114,915 691,096 SH   SOLE   691,096 0 0
SOVRAN SELF STORAGE INC COM 84610H108 5,586 72,309 SH   SOLE   72,309 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 9,719 855,541 SH   SOLE   855,541 0 0
STAG INDL INC COM 85254J102 2,917 121,490 SH   SOLE   121,490 0 0
STARWOOD WAYPOINT RESIDENTL COM SHS 85571W109 2,342 89,340 SH   SOLE   89,340 0 0
STRATEGIC HOTELS & RESORTS I COM 86272T106 6,391 545,779 SH   SOLE   545,779 0 0
SUMMIT HOTEL PPTYS COM 866082100 1,978 186,578 SH   SOLE   186,578 0 0
SUN CMNTYS INC COM 866674104 4,355 87,386 SH   SOLE   87,386 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 6,075 406,906 SH   SOLE   406,906 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 7,424 212,284 SH   SOLE   212,284 0 0
TAUBMAN CTRS INC COM 876664103 10,798 142,439 SH   SOLE   142,439 0 0
TERRENO RLTY CORP COM 88146M101 1,364 70,574 SH   SOLE   70,574 0 0
UDR INC COM 902653104 15,937 556,651 SH   SOLE   556,651 0 0
U M H PROPERTIES INC COM 903002103 318 31,724 SH   SOLE   31,724 0 0
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 1,268 29,158 SH   SOLE   29,158 0 0
URSTADT BIDDLE PPTYS INC CL A 917286205 1,075 51,473 SH   SOLE   51,473 0 0
VENTAS INC COM 92276F100 41,951 654,468 SH   SOLE   654,468 0 0
VORNADO RLTY TR SH BEN INT 929042109 39,760 372,533 SH   SOLE   372,533 0 0
W P CAREY INC COM 92936U109 12,038 186,930 SH   SOLE   186,930 0 0
WASHINGTON PRIME GROUP INC COM 939647103 6,557 349,878 SH   SOLE   349,878 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 3,858 148,507 SH   SOLE   148,507 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 7,933 241,550 SH   SOLE   241,550 0 0
WEYERHAEUSER CO COM 962166104 42,856 1,295,128 SH   SOLE   1,295,128 0 0
WHITESTONE REIT COM 966084204 759 50,900 SH   SOLE   50,900 0 0
WINTHROP RLTY TR SH BEN INT NEW 976391300 1,158 75,457 SH   SOLE   75,457 0 0
RSP PERMIAN INC COM 74978Q105 350,675 10,816,626 SH   SOLE   10,816,626 0 0
TRIANGLE PETE CORP COM NEW 89600B201 133,590 11,350,000 SH   SOLE   11,350,000 0 0
CRESCENT PT ENERGY CORP COM 22576C101 335,828 7,577,609 SH   SOLE   7,577,609 0 0