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 36,202 705,700 SH   DFND 1 705,700 0 0
MEDTRONIC PLC SHS G5960L103 34,200 510,900 SH   DFND 1 510,900 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 8,172 182,400 SH   DFND 1 182,400 0 0
TE CONNECTIVITY LTD REG SHS H84989104 16,697 278,800 SH   DFND 1 278,800 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 15,501 195,400 SH   DFND 1 195,400 0 0
MYLAN N V SHS EURO N59465109 22,948 570,000 SH   DFND 1 570,000 0 0
SENSATA TECHNOLOGIES HLDG NV SHS N7902X106 14,920 336,500 SH   DFND 1 336,500 0 0
AT&T INC COM 00206R102 48,349 1,484,000 SH   DFND 1 1,484,000 0 0
ABBOTT LAB COM 002824100 28,621 711,600 SH   DFND 1 711,600 0 0
AETNA INC COM 00817Y108 23,031 210,500 SH   DFND 1 210,500 0 0
AFFILIATED MANAGERS GROUP INC COM 008252108 18,980 111,000 SH   DFND 1 111,000 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 19,882 287,900 SH   DFND 1 287,900 0 0
ALBEMARLE CORP COM 012653101 14,215 322,326 SH   DFND 1 322,326 0 0
ALEXANDRIA REAL ESTATE EQUITIES INC COM 015271109 2,470 29,170 SH   DFND 1 29,170 0 0
ALTRIA GROUP INC COM 02209S103 9,923 182,400 SH   DFND 1 182,400 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 1,149 31,700 SH   DFND 1 31,700 0 0
AMERICAN EXPRESS CO COM 025816109 41,439 559,000 SH   DFND 1 559,000 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 773 48,100 SH   DFND 1 48,100 0 0
AMERICAN INTERNATIONAL GROUP INC COM 026874784 25,984 457,300 SH   DFND 1 457,300 0 0
AMERIPRISE FINL INC COM 03076C106 26,420 242,100 SH   DFND 1 242,100 0 0
ANADARKO PETRO CORP COM 032511107 29,126 482,300 SH   DFND 1 482,300 0 0
ANALOG DEVICES INC COM 032654105 5,641 100,000 SH   DFND 1 100,000 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 2,358 63,690 SH   DFND 1 63,690 0 0
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 13,737 799,600 SH   DFND 1 799,600 0 0
APPLE INC COM 037833100 76,879 697,000 SH   DFND 1 697,000 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 732 39,400 SH   DFND 1 39,400 0 0
APPLIED MATERIALS INC COM 038222105 14,687 999,800 SH   DFND 1 999,800 0 0
AVALONBAY CMNTYS INC COM 053484101 24,282 138,900 SH   DFND 1 138,900 0 0
BANK OF AMERICA CORP COM 060505104 44,768 2,873,400 SH   DFND 1 2,873,400 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 35,977 275,900 SH   DFND 1 275,900 0 0
BIOGEN INC COM 09062X103 29,152 99,900 SH   DFND 1 99,900 0 0
BLOOMIN BRANDS INC COM 094235108 14,817 815,000 SH   DFND 1 815,000 0 0
BOEING CO COM 097023105 20,978 160,200 SH   DFND 1 160,200 0 0
BORG WARNER INC COM 099724106 21,552 518,200 SH   DFND 1 518,200 0 0
BOSTON PROPERTIES INC COM 101121101 23,219 196,110 SH   DFND 1 196,110 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 732 59,400 SH   DFND 1 59,400 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 20,365 344,000 SH   DFND 1 344,000 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 951 40,500 SH   DFND 1 40,500 0 0
CMS ENERGY CORP COM 125896100 14,495 410,400 SH   DFND 1 410,400 0 0
CVS HEALTH CORP COM 126650100 37,261 386,200 SH   DFND 1 386,200 0 0
CAMDEN PPTY TR SH BEN INT 133131102 18,497 250,300 SH   DFND 1 250,300 0 0
CAPITAL ONE FINL CORP COM 14040H105 32,685 450,700 SH   DFND 1 450,700 0 0
CARDINAL HLTH INC COM 14149Y108 21,179 275,700 SH   DFND 1 275,700 0 0
CARLYLE GROUP L P COM UTS LTD PTN 14309L102 9,155 544,965 SH   DFND 1 544,965 0 0
CELGENE CORP COM 151020104 22,770 210,500 SH   DFND 1 210,500 0 0
CHEESECAKE FACTORY INC COM 163072101 13,823 256,170 SH   DFND 1 256,170 0 0
CHEVRON CORP COM 166764100 61,566 780,500 SH   DFND 1 780,500 0 0
CINEMARK HLDGS INC COM 17243V102 7,310 225,000 SH   DFND 1 225,000 0 0
CISCO SYSTEMS INC COM 17275R102 41,869 1,595,000 SH   DFND 1 1,595,000 0 0
CITIGROUP INC COM NEW 172967424 45,552 918,200 SH   DFND 1 918,200 0 0
COACH INC COM 189754104 13,985 483,400 SH   DFND 1 483,400 0 0
COCA COLA CO COM 191216100 30,010 748,000 SH   DFND 1 748,000 0 0
COLUMBIA PPTY TR INC COM NEW 198287203 677 29,200 SH   DFND 1 29,200 0 0
COMCAST CORP NEW CL A 20030N101 18,588 326,800 SH   DFND 1 326,800 0 0
COSTCO WHSL CORP NEW COM 22160K105 19,502 134,900 SH   DFND 1 134,900 0 0
CUBESMART COM 229663109 1,731 63,600 SH   DFND 1 63,600 0 0
DDR CORP COM 23317H102 1,596 103,800 SH   DFND 1 103,800 0 0
DANAHER CORP COM 235851102 18,576 218,000 SH   DFND 1 218,000 0 0
DECKERS OUTDOOR CORP COM 243537107 17,955 309,252 SH   DFND 1 309,252 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 17,629 392,900 SH   DFND 1 392,900 0 0
DICKS SPORTING GOODS INC COM 253393102 15,993 322,372 SH   DFND 1 322,372 0 0
DIGITAL RLTY TR INC COM 253868103 2,051 31,401 SH   DFND 1 31,401 0 0
WALT DISNEY CO COM 254687106 35,770 350,000 SH   DFND 1 350,000 0 0
DOW CHEMICAL CO COM 260543103 25,559 602,800 SH   DFND 1 602,800 0 0
DUKE RLTY CORP COM NEW REIT COM 264411505 2,681 140,715 SH   DFND 1 140,715 0 0
DUKE ENERGY CORP COM NEW 26441C204 49,747 691,500 SH   DFND 1 691,500 0 0
EMC CORP COM 268648102 23,945 991,100 SH   DFND 1 991,100 0 0
EASTMAN CHEM CO COM 277432100 13,708 211,800 SH   DFND 1 211,800 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 3,821 13,975 SH   DFND 1 13,975 0 0
EQUITY COMWLTH COM SHS BEN INT 294628102 806 29,600 SH   DFND 1 29,600 0 0
EQTY LIFESTYLE PPTYS INC COM 29472R108 2,343 40,010 SH   DFND 1 40,010 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 7,566 100,720 SH   DFND 1 100,720 0 0
ESSEX PPTY TR INC COM 297178105 4,707 21,070 SH   DFND 1 21,070 0 0
EVERSOURCE ENERGY COM 30040W108 16,158 319,200 SH   DFND 1 319,200 0 0
EXELON CORP COM 30161N101 14,713 495,400 SH   DFND 1 495,400 0 0
EXTRA SPACE STORAGE INC COM 30225T102 2,684 34,780 SH   DFND 1 34,780 0 0
EXXON MOBIL CORP COM 30231G102 43,688 587,600 SH   DFND 1 587,600 0 0
FACEBOOK INC CL A 30303M102 33,497 372,600 SH   DFND 1 372,600 0 0
FASTENAL CO COM 311900104 11,397 311,317 SH   DFND 1 311,317 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 3,608 26,440 SH   DFND 1 26,440 0 0
FIDELITY NATL INFORMATION SVCS INC COM 31620M106 18,306 272,900 SH   DFND 1 272,900 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 1,163 55,500 SH   DFND 1 55,500 0 0
FLOWSERVE CORP COM 34354P105 22,918 557,082 SH   DFND 1 557,082 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 34,997 2,579,000 SH   DFND 1 2,579,000 0 0
GEO GROUP INC NEW COM 36162J106 494 16,620 SH   DFND 1 16,620 0 0
GALLAGHER ARTHUR J & CO COM 363576109 14,118 342,000 SH   DFND 1 342,000 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 615 20,700 SH   DFND 1 20,700 0 0
GENERAL ELECTRIC CO COM 369604103 48,062 1,905,700 SH   DFND 1 1,905,700 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 4,393 169,150 SH   DFND 1 169,150 0 0
GEN MTRS CO COM 37045V100 34,009 1,132,878 SH   DFND 1 1,132,878 0 0
GILEAD SCIENCES INC COM 375558103 23,212 236,400 SH   DFND 1 236,400 0 0
GOOGLE INC CL A 38259P508 77,817 121,900 SH   DFND 1 121,900 0 0
GRAMERCY PPTY TR INC COM NEW 38489R605 270 13,000 SH   DFND 1 13,000 0 0
HCP INC COM COM 40414L109 3,695 99,191 SH   DFND 1 99,191 0 0
HALLIBURTON CO COM 406216101 12,719 359,800 SH   DFND 1 359,800 0 0
HEALTHCARE RLTY TR COM 421946104 1,388 55,868 SH   DFND 1 55,868 0 0
HERSHEY CO COM 427866108 27,344 297,611 SH   DFND 1 297,611 0 0
HIGHWOODS PPTYS INC COM 431284108 1,876 48,400 SH   DFND 1 48,400 0 0
HOME DEPOT INC COM 437076102 57,253 495,736 SH   DFND 1 495,736 0 0
HOST HOTELS & RESORTS INC COM 44107P104 3,246 205,340 SH   DFND 1 205,340 0 0
HUDSON PACIFIC PROPERTIES INC COM 444097109 1,793 62,280 SH   DFND 1 62,280 0 0
INGRAM MICRO INC CL A 457153104 14,328 526,000 SH   DFND 1 526,000 0 0
INTEL CORP COM 458140100 23,729 787,300 SH   DFND 1 787,300 0 0
INTERNATIONAL BUSINESS MACHS CORP COM 459200101 36,880 254,400 SH   DFND 1 254,400 0 0
INTL PAPER CO COM 460146103 23,872 631,700 SH   DFND 1 631,700 0 0
IRON MTN INC NEW COM 46284V101 1,064 34,300 SH   DFND 1 34,300 0 0
ISHARES TR NASDQ BIOTEC ETF 464287556 20,717 68,300 SH   DFND 1 68,300 0 0
JPMORGAN CHASE & CO COM 46625H100 47,008 771,000 SH   DFND 1 771,000 0 0
JOHNSON & JOHNSON COM 478160104 52,108 558,200 SH   DFND 1 558,200 0 0
JUNIPER NETWORKS INC COM 48203R104 14,336 557,600 SH   DFND 1 557,600 0 0
KKR & CO L P DEL COM UNITS 48248M102 15,350 914,800 SH   DFND 1 914,800 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 33,389 367,400 SH   DFND 1 367,400 0 0
KILROY RLTY CORP COM 49427F108 2,429 37,280 SH   DFND 1 37,280 0 0
KIMBERLY-CLARK CORP COM 494368103 19,268 176,706 SH   DFND 1 176,706 0 0
KIMCO RLTY CORP COM 49446R109 3,488 142,790 SH   DFND 1 142,790 0 0
KOHLS CORP COM 500255104 19,737 426,200 SH   DFND 1 426,200 0 0
LKQ CORP COM 501889208 16,392 578,000 SH   DFND 1 578,000 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 1,860 35,640 SH   DFND 1 35,640 0 0
LAS VEGAS SANDS CORP COM 517834107 10,389 273,600 SH   DFND 1 273,600 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 1,366 48,110 SH   DFND 1 48,110 0 0
LIBERTY PPTY TR SH BEN INT 531172104 1,267 40,200 SH   DFND 1 40,200 0 0
MACERICH CO COM 554382101 2,819 36,695 SH   DFND 1 36,695 0 0
MARATHON OIL CORP COM 565849106 13,145 853,600 SH   DFND 1 853,600 0 0
MASTERCARD INC CL A 57636Q104 29,316 325,300 SH   DFND 1 325,300 0 0
MCKESSON CORP COM 58155Q103 30,308 163,800 SH   DFND 1 163,800 0 0
MERCK & CO INC NEW COM 58933Y105 63,254 1,280,700 SH   DFND 1 1,280,700 0 0
MICROSOFT CORP COM 594918104 74,127 1,674,800 SH   DFND 1 1,674,800 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 37,398 867,900 SH   DFND 1 867,900 0 0
MONDELEZ INTL INC COM 609207105 14,835 354,300 SH   DFND 1 354,300 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 1,893 52,190 SH   DFND 1 52,190 0 0
NEXTERA ENERGY INC COM 65339F101 28,865 295,900 SH   DFND 1 295,900 0 0
NIKE INC CL B 654106103 26,205 213,100 SH   DFND 1 213,100 0 0
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 1,037 84,000 SH   DFND 1 84,000 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 43,851 662,900 SH   DFND 1 662,900 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 823 23,400 SH   DFND 1 23,400 0 0
ORACLE CORP COM 68389X105 25,483 705,500 SH   DFND 1 705,500 0 0
OUTFRONT MEDIA INC COM 69007J106 676 32,500 SH   DFND 1 32,500 0 0
OWENS & MINOR INC NEW COM 690732102 11,128 348,400 SH   DFND 1 348,400 0 0
PPG IND INC COM 693506107 20,274 231,200 SH   DFND 1 231,200 0 0
PARAMOUNT GROUP INC COM 69924R108 549 32,700 SH   DFND 1 32,700 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 1,788 50,450 SH   DFND 1 50,450 0 0
PEPSICO INC COM 713448108 24,414 258,900 SH   DFND 1 258,900 0 0
PFIZER INC COM 717081103 45,548 1,450,100 SH   DFND 1 1,450,100 0 0
PHILIP MORRIS INTL INC COM 718172109 52,271 658,900 SH   DFND 1 658,900 0 0
PRAXAIR INC COM 74005P104 16,939 166,300 SH   DFND 1 166,300 0 0
THE PRICELINE GROUP INC COM 741503403 30,674 24,800 SH   DFND 1 24,800 0 0
PROCTER & GAMBLE CO COM 742718109 50,991 708,800 SH   DFND 1 708,800 0 0
PROLOGIS INC COM 74340W103 41,308 1,061,900 SH   DFND 1 1,061,900 0 0
PRUDENTIAL FINL INC COM 744320102 47,700 625,900 SH   DFND 1 625,900 0 0
PUB STORAGE COM 74460D109 7,705 36,410 SH   DFND 1 36,410 0 0
QUESTAR CORP COM 748356102 15,689 808,300 SH   DFND 1 808,300 0 0
RANGE RES CORP COM 75281A109 9,353 291,200 SH   DFND 1 291,200 0 0
RLTY INC CORP COM 756109104 2,907 61,340 SH   DFND 1 61,340 0 0
REGAL ENTMT GROUP CL A 758766109 16,399 877,400 SH   DFND 1 877,400 0 0
REGENCY CTRS CORP COM 758849103 2,373 38,177 SH   DFND 1 38,177 0 0
ROPER TECHNOLOGIES , INC COM 776696106 22,361 142,700 SH   DFND 1 142,700 0 0
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF T 780097713 595 23,597 SH   DFND 1 23,597 0 0
SL GREEN RLTY CORP COM 78440X101 3,534 32,670 SH   DFND 1 32,670 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 593 25,595 SH   DFND 1 25,595 0 0
SANDISK CORP COM 80004C101 13,588 250,100 SH   DFND 1 250,100 0 0
SCHLUMBERGER LTD COM COM 806857108 23,050 334,200 SH   DFND 1 334,200 0 0
SIMON PROPERTY GROUP INC COM 828806109 43,543 237,005 SH   DFND 1 237,005 0 0
SOUTHERN CO COM 842587107 16,307 364,800 SH   DFND 1 364,800 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 588 64,300 SH   DFND 1 64,300 0 0
STARBUCKS CORP COM 855244109 27,605 485,662 SH   DFND 1 485,662 0 0
STRATEGIC HOTELS & RESORTS INC COM 86272T106 880 63,822 SH   DFND 1 63,822 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 1,523 115,120 SH   DFND 1 115,120 0 0
TJX COS INC NEW COM 872540109 29,875 418,300 SH   DFND 1 418,300 0 0
THERMO FISHER CORP COM 883556102 33,272 272,100 SH   DFND 1 272,100 0 0
TOTAL SA SPONSORED ADR 89151E109 13,413 300,000 SH   DFND 1 300,000 0 0
TRAVELERS COS INC COM 89417E109 15,676 157,500 SH   DFND 1 157,500 0 0
UDR INC COM 902653104 2,562 74,310 SH   DFND 1 74,310 0 0
UNION PAC CORP COM 907818108 20,211 228,600 SH   DFND 1 228,600 0 0
UNITED PARCEL SVC INC CL B 911312106 41,933 424,900 SH   DFND 1 424,900 0 0
UNITED TECHNOLOGIES CORP COM 913017109 28,023 314,900 SH   DFND 1 314,900 0 0
VENTAS INC COM 92276F100 4,705 83,930 SH   DFND 1 83,930 0 0
VANGUARD INDEX FDS REIT ETF 922908553 555 7,350 SH   DFND 1 7,350 0 0
VEREIT INC COM 92339V100 1,385 179,340 SH   DFND 1 179,340 0 0
VERIZON COMMUNICATIONS COM 92343V104 43,462 998,900 SH   DFND 1 998,900 0 0
VISA INC COM CL A 92826C839 29,041 416,900 SH   DFND 1 416,900 0 0
VORNADO RLTY TR COM 929042109 4,685 51,810 SH   DFND 1 51,810 0 0
W P CAREY INC COM 92936U109 873 15,100 SH   DFND 1 15,100 0 0
WAL-MART STORES INC COM 931142103 41,504 640,100 SH   DFND 1 640,100 0 0
WASTE CONNECTIONS INC COM 941053100 16,950 348,900 SH   DFND 1 348,900 0 0
WELLS FARGO & CO NEW COM 949746101 35,190 685,300 SH   DFND 1 685,300 0 0
WELLTOWER INC COM 95040Q104 21,931 323,855 SH   DFND 1 323,855 0 0
WESTN DIGITAL CORP COM 958102105 16,968 213,600 SH   DFND 1 213,600 0 0
XENIA HOTELS & RESORTS INC COM 984017103 471 27,000 SH   DFND 1 27,000 0 0
ZIMMER BIOMET HLDGS INC COM 98956P102 25,511 271,600 SH   DFND 1 271,600 0 0