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
EATON CORP PLC SHS G29183103 50,496 748,200 SH   DFND 1 748,200 0 0
MEDTRONIC PLC SHS G5960L103 27,788 375,000 SH   DFND 1 375,000 0 0
MICHAEL KORS HOLDINGS LTD SHS G60754101 18,650 443,100 SH   DFND 1 443,100 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 9,500 200,000 SH   DFND 1 200,000 0 0
PERRIGO CO PLC SHS G97822103 11,644 63,000 SH   DFND 1 63,000 0 0
TE CONNECTIVITY LTD REG SHS H84989104 15,754 245,000 SH   DFND 1 245,000 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 15,846 199,200 SH   DFND 1 199,200 0 0
SENSATA TECHNOLOGIES HLDG NV SHS N7902X106 15,474 293,400 SH   DFND 1 293,400 0 0
AT&T INC COM 00206R102 54,985 1,548,000 SH   DFND 1 1,548,000 0 0
ABBOTT LAB COM 002824100 29,291 596,800 SH   DFND 1 596,800 0 0
ADVANCE AUTO PTS INC COM 00751Y106 19,593 123,000 SH   DFND 1 123,000 0 0
AETNA INC COM 00817Y108 26,066 204,500 SH   DFND 1 204,500 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 16,687 239,000 SH   DFND 1 239,000 0 0
ALBEMARLE CORP COM 012653101 15,350 277,726 SH   DFND 1 277,726 0 0
ALEXANDRIA REAL ESTATE EQUITIES INC COM 015271109 2,945 33,670 SH   DFND 1 33,670 0 0
ALTRIA GROUP INC COM 02209S103 9,782 200,000 SH   DFND 1 200,000 0 0
AMERICAN EXPRESS CO COM 025816109 44,199 568,700 SH   DFND 1 568,700 0 0
AMERICAN INTERNATIONAL GROUP INC COM 026874784 28,783 465,600 SH   DFND 1 465,600 0 0
AMERN RLTY CAP PPTYS INC COM 02917T104 1,141 140,340 SH   DFND 1 140,340 0 0
AMERIPRISE FINL INC COM 03076C106 27,709 221,800 SH   DFND 1 221,800 0 0
AMSURG CORP COM 03232P405 18,355 262,395 SH   DFND 1 262,395 0 0
ANADARKO PETRO CORP COM 032511107 33,636 430,900 SH   DFND 1 430,900 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 2,847 77,090 SH   DFND 1 77,090 0 0
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 17,720 800,000 SH   DFND 1 800,000 0 0
APPLE INC COM 037833100 89,303 712,000 SH   DFND 1 712,000 0 0
APPLIED MATERIALS INC COM 038222105 19,602 1,019,900 SH   DFND 1 1,019,900 0 0
AVALONBAY CMNTYS INC COM 053484101 23,165 144,900 SH   DFND 1 144,900 0 0
BANK OF AMERICA CORP COM 060505104 45,316 2,662,500 SH   DFND 1 2,662,500 0 0
BAXTER INTL INC COM 071813109 20,979 300,000 SH   DFND 1 300,000 0 0
BERKSHIRE HATHAWAY INC-CL B CL B NEW 084670702 32,939 242,000 SH   DFND 1 242,000 0 0
BOEING CO COM 097023105 22,722 163,800 SH   DFND 1 163,800 0 0
BORG WARNER INC COM 099724106 17,143 301,600 SH   DFND 1 301,600 0 0
BOSTON PROPERTIES INC COM 101121101 21,716 179,410 SH   DFND 1 179,410 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 23,322 350,500 SH   DFND 1 350,500 0 0
CMS ENERGY CORP COM 125896100 14,328 450,000 SH   DFND 1 450,000 0 0
CVS HEALTH CORP COM 126650100 46,504 443,400 SH   DFND 1 443,400 0 0
CAMDEN PPTY TR SHS BEN INT 133131102 18,592 250,300 SH   DFND 1 250,300 0 0
CAMERON INTL CORP COM 13342B105 16,109 307,600 SH   DFND 1 307,600 0 0
CAPITAL ONE FINL CORP COM 14040H105 33,473 380,500 SH   DFND 1 380,500 0 0
CARDINAL HEALTH INC COM 14149Y108 33,176 396,600 SH   DFND 1 396,600 0 0
CARLYLE GROUP L P COM UTS LTD PTN 14309L102 15,625 555,065 SH   DFND 1 555,065 0 0
CELGENE CORP COM 151020104 33,667 290,900 SH   DFND 1 290,900 0 0
CHEESECAKE FACTORY INC COM 163072101 16,413 300,970 SH   DFND 1 300,970 0 0
CHEVRON CORP COM 166764100 78,092 809,500 SH   DFND 1 809,500 0 0
CISCO SYSTEMS INC COM 17275R102 45,781 1,667,200 SH   DFND 1 1,667,200 0 0
CITIGROUP INC COM NEW 172967424 46,037 833,400 SH   DFND 1 833,400 0 0
COACH INC COM 189754104 13,844 400,000 SH   DFND 1 400,000 0 0
COCA COLA ENTERPRISES INC NE COM 19122T109 29,595 681,296 SH   DFND 1 681,296 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 17,606 288,200 SH   DFND 1 288,200 0 0
COMCAST CORP NEW CL A 20030N101 27,905 464,000 SH   DFND 1 464,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 27,377 202,700 SH   DFND 1 202,700 0 0
CUBESMART COM 229663109 2,434 105,100 SH   DFND 1 105,100 0 0
DDR CORP COM 23317H102 2,296 148,540 SH   DFND 1 148,540 0 0
DANAHER CORP COM 235851102 19,001 222,000 SH   DFND 1 222,000 0 0
DECKERS OUTDOOR CORP COM 243537107 15,830 219,952 SH   DFND 1 219,952 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 16,432 400,000 SH   DFND 1 400,000 0 0
DICKS SPORTING GOODS INC COM 253393102 16,518 319,072 SH   DFND 1 319,072 0 0
DIGITAL RLTY TR INC COM 253868103 2,094 31,401 SH   DFND 1 31,401 0 0
WALT DISNEY CO COM 254687106 26,252 230,000 SH   DFND 1 230,000 0 0
DOW CHEMICAL CO COM 260543103 33,731 659,200 SH   DFND 1 659,200 0 0
DUKE REALTY CORP COM NEW 264411505 2,711 146,015 SH   DFND 1 146,015 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 51,058 723,000 SH   DFND 1 723,000 0 0
EMC CORP COM 268648102 26,657 1,010,100 SH   DFND 1 1,010,100 0 0
EASTMAN CHEM CO COM 277432100 21,347 260,900 SH   DFND 1 260,900 0 0
EASTMAN KODAK CO *W EXP 09/03/201 277461133 0 13 SH   DFND 1 13 0 0
EASTMAN KODAK CO *W EXP 09/03/201 277461141 0 13 SH   DFND 1 13 0 0
EQUINIX INC COM PAR $0.001 29444U700 3,217 12,665 SH   DFND 1 12,665 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 2,572 48,910 SH   DFND 1 48,910 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 7,641 108,890 SH   DFND 1 108,890 0 0
ESSEX PPTY TR INC COM 297178105 4,860 22,870 SH   DFND 1 22,870 0 0
EVERSOURCE ENERGY COM 30040W108 15,894 350,000 SH   DFND 1 350,000 0 0
EXELON CORP COM 30161N101 15,880 505,400 SH   DFND 1 505,400 0 0
EXTRA SPACE STORAGE INC COM 30225T102 2,675 41,020 SH   DFND 1 41,020 0 0
EXXON MOBIL CORP COM 30231G102 51,318 616,800 SH   DFND 1 616,800 0 0
FACEBOOK INC CL A 30303M102 29,160 340,000 SH   DFND 1 340,000 0 0
FASTENAL CO COM 311900104 19,024 451,017 SH   DFND 1 451,017 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 3,809 29,740 SH   DFND 1 29,740 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 20,320 328,800 SH   DFND 1 328,800 0 0
FIRST INDUSTRIAL RELATY TRUS COM 32054K103 1,836 98,000 SH   DFND 1 98,000 0 0
FLOWSERVE CORP COM 34354P105 29,915 568,082 SH   DFND 1 568,082 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 21,389 1,425,000 SH   DFND 1 1,425,000 0 0
FREEPORT-MCMORAN INC COM 35671D857 8,431 452,800 SH   DFND 1 452,800 0 0
GEO GROUP INC NEW COM 36162J106 1,750 51,220 SH   DFND 1 51,220 0 0
GALLAGHER ARTHUR J & CO COM 363576109 17,738 375,000 SH   DFND 1 375,000 0 0
GENERAL ELECTRIC CO COM 369604103 56,010 2,108,000 SH   DFND 1 2,108,000 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 4,510 175,750 SH   DFND 1 175,750 0 0
GEN MTRS CO COM 37045V100 17,165 515,000 SH   DFND 1 515,000 0 0
GILEAD SCIENCES INC COM 375558103 38,953 332,700 SH   DFND 1 332,700 0 0
GOOGLE INC CL A 38259P508 83,274 154,200 SH   DFND 1 154,200 0 0
HCP INC COM 40414L109 4,124 113,091 SH   DFND 1 113,091 0 0
HALLIBURTON CO COM 406216101 15,833 367,600 SH   DFND 1 367,600 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 19,584 471,100 SH   DFND 1 471,100 0 0
HEALTHCARE RLTY TR COM 421946104 1,609 69,168 SH   DFND 1 69,168 0 0
HEALTH CARE REIT INC COM 42217K106 20,447 311,555 SH   DFND 1 311,555 0 0
HERSHEY CO COM 427866108 24,420 274,911 SH   DFND 1 274,911 0 0
HIGHWOODS PPTYS INC COM 431284108 2,133 53,400 SH   DFND 1 53,400 0 0
HOME DEPOT INC COM 437076102 56,080 504,636 SH   DFND 1 504,636 0 0
HOST HOTELS & RESORTS INC COM 44107P104 3,816 192,440 SH   DFND 1 192,440 0 0
HUDSON PACIFIC PROPERTIES INC COM 444097109 2,058 72,550 SH   DFND 1 72,550 0 0
INGRAM MICRO INC CL A 457153104 15,909 635,600 SH   DFND 1 635,600 0 0
INTERNATIONAL BUSINESS MACHS CORP COM 459200101 43,333 266,400 SH   DFND 1 266,400 0 0
INTL PAPER CO COM 460146103 11,898 250,000 SH   DFND 1 250,000 0 0
ISHARES TR NASDQ BIOTEC ETF 464287556 16,235 44,000 SH   DFND 1 44,000 0 0
JPMORGAN CHASE & CO COM 46625H100 53,239 785,700 SH   DFND 1 785,700 0 0
JOHNSON & JOHNSON COM 478160104 68,514 703,000 SH   DFND 1 703,000 0 0
JUNIPER NETWORKS INC COM 48203R104 16,060 618,400 SH   DFND 1 618,400 0 0
KKR & CO L P DEL COM UNITS 48248M102 20,915 915,300 SH   DFND 1 915,300 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 34,091 373,800 SH   DFND 1 373,800 0 0
KILROY RLTY CORP COM 49427F108 3,061 45,580 SH   DFND 1 45,580 0 0
KIMBERLY-CLARK CORP COM 494368103 20,538 193,806 SH   DFND 1 193,806 0 0
KIMCO RLTY CORP COM 49446R109 3,410 151,290 SH   DFND 1 151,290 0 0
KOHLS CORP COM 500255104 21,914 350,000 SH   DFND 1 350,000 0 0
LKQ CORP COM 501889208 17,306 572,200 SH   DFND 1 572,200 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 2,049 35,640 SH   DFND 1 35,640 0 0
LAS VEGAS SANDS CORP COM 517834107 40,769 775,512 SH   DFND 1 775,512 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 1,706 48,110 SH   DFND 1 48,110 0 0
MSC INDL DIRECT INC CL A 553530106 19,591 280,800 SH   DFND 1 280,800 0 0
MACERICH CO COM 554382101 2,737 36,695 SH   DFND 1 36,695 0 0
MARATHON OIL CORP COM 565849106 20,404 768,800 SH   DFND 1 768,800 0 0
MASTERCARD INC CL A 57636Q104 32,830 351,200 SH   DFND 1 351,200 0 0
MC DONALDS CORP COM 580135101 11,884 125,000 SH   DFND 1 125,000 0 0
MCKESSON CORP COM 58155Q103 35,542 158,100 SH   DFND 1 158,100 0 0
MERCK & CO INC NEW COM 58933Y105 68,623 1,205,400 SH   DFND 1 1,205,400 0 0
MICROSOFT CORP COM 594918104 76,424 1,731,000 SH   DFND 1 1,731,000 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 36,508 769,800 SH   DFND 1 769,800 0 0
MONDELEZ INTL INC COM 609207105 23,244 565,000 SH   DFND 1 565,000 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 2,156 61,590 SH   DFND 1 61,590 0 0
NEXTERA ENERGY INC COM 65339F101 31,497 321,300 SH   DFND 1 321,300 0 0
NIKE INC CL B 654106103 23,408 216,700 SH   DFND 1 216,700 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 49,158 632,100 SH   DFND 1 632,100 0 0
ORACLE CORP COM 68389X105 28,976 719,000 SH   DFND 1 719,000 0 0
OWENS & MINOR INC NEW COM 690732102 12,988 382,000 SH   DFND 1 382,000 0 0
PPG IND INC COM 693506107 16,520 144,000 SH   DFND 1 144,000 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 1,893 44,150 SH   DFND 1 44,150 0 0
PEPSICO INC COM 713448108 24,735 265,000 SH   DFND 1 265,000 0 0
PFIZER INC COM 717081103 45,567 1,359,000 SH   DFND 1 1,359,000 0 0
PHILIP MORRIS INTL INC COM 718172109 57,931 722,600 SH   DFND 1 722,600 0 0
PRAXAIR INC COM 74005P104 20,204 169,000 SH   DFND 1 169,000 0 0
T ROWE PRICE GROUP INC COM 74144T108 15,919 204,800 SH   DFND 1 204,800 0 0
THE PRICELINE GROUP INC COM 741503403 29,015 25,200 SH   DFND 1 25,200 0 0
PROCTER & GAMBLE CO COM 742718109 83,560 1,068,000 SH   DFND 1 1,068,000 0 0
PROLOGIS INC COM 74340W103 36,577 985,900 SH   DFND 1 985,900 0 0
PRUDENTIAL FINL INC COM 744320102 44,329 506,500 SH   DFND 1 506,500 0 0
PUB STORAGE COM 74460D109 7,377 40,010 SH   DFND 1 40,010 0 0
QUESTAR CORP COM 748356102 17,711 847,000 SH   DFND 1 847,000 0 0
RANGE RES CORP COM 75281A109 14,710 297,900 SH   DFND 1 297,900 0 0
RLTY INC CORP COM 756109104 2,723 61,340 SH   DFND 1 61,340 0 0
REGAL ENTMT GROUP CL A 758766109 18,024 862,000 SH   DFND 1 862,000 0 0
REGENCY CTRS CORP COM 758849103 2,641 44,777 SH   DFND 1 44,777 0 0
ROPER TECHNOLOGIES , INC COM 776696106 25,145 145,800 SH   DFND 1 145,800 0 0
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF T 780097713 599 23,597 SH   DFND 1 23,597 0 0
SL GREEN RLTY CORP COM 78440X101 3,854 35,070 SH   DFND 1 35,070 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 1,372 53,295 SH   DFND 1 53,295 0 0
SANDISK CORP COM 80004C101 17,763 305,100 SH   DFND 1 305,100 0 0
SCHLUMBERGER LTD COM COM 806857108 29,365 340,700 SH   DFND 1 340,700 0 0
SIMON PROPERTY GROUP INC COM 828806109 34,330 198,415 SH   DFND 1 198,415 0 0
SOUTHERN CO COM 842587107 16,760 400,000 SH   DFND 1 400,000 0 0
STARBUCKS CORP COM 855244109 32,944 614,462 SH   DFND 1 614,462 0 0
STRATEGIC HOTELS & RESORTS INC COM 86272T106 1,873 154,552 SH   DFND 1 154,552 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 1,332 88,720 SH   DFND 1 88,720 0 0
SYSCO CORP COM 871829107 15,776 437,000 SH   DFND 1 437,000 0 0
TJX COS INC NEW COM 872540109 28,182 425,900 SH   DFND 1 425,900 0 0
THERMO FISHER CORP COM 883556102 39,966 308,000 SH   DFND 1 308,000 0 0
TOTAL S A SPONSORED ADR 89151E109 14,751 300,000 SH   DFND 1 300,000 0 0
TRAVELERS COS INC COM 89417E109 16,432 170,000 SH   DFND 1 170,000 0 0
UDR INC COM 902653104 3,309 103,310 SH   DFND 1 103,310 0 0
UNILEVER N V N Y SHS NEW 904784709 11,297 270,000 SH   DFND 1 270,000 0 0
UNION PAC CORP COM 907818108 22,212 232,900 SH   DFND 1 232,900 0 0
UNITED PARCEL SVC INC CL B 911312106 48,940 505,000 SH   DFND 1 505,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 30,650 276,300 SH   DFND 1 276,300 0 0
VENTAS INC COM 92276F100 5,556 89,490 SH   DFND 1 89,490 0 0
VERIZON COMMUNICATIONS COM 92343V104 48,941 1,050,000 SH   DFND 1 1,050,000 0 0
VISA INC COM CL A 92826C839 31,923 475,400 SH   DFND 1 475,400 0 0
VORNADO RLTY TR COM 929042109 4,700 49,510 SH   DFND 1 49,510 0 0
WAL-MART STORES INC COM 931142103 46,105 650,000 SH   DFND 1 650,000 0 0
WASTE CONNECTIONS INC COM 941053100 16,728 355,000 SH   DFND 1 355,000 0 0
WELLS FARGO & CO NEW COM 949746101 36,134 642,500 SH   DFND 1 642,500 0 0
WESTN DIGITAL CORP COM 958102105 13,880 177,000 SH   DFND 1 177,000 0 0