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
ADIENT PLC ORD SHS G0084W101 19,738 235,000 SH   DFND 1 235,000 0 0
ALLERGAN PLC SHS G0177J108 49,645 242,230 SH   DFND 1 242,230 0 0
ATHENE HOLDING LTD CL A G0684D107 24,228 450,000 SH   DFND 1 450,000 0 0
WEATHERFORD INTERNATIONAL PLC ORD SHS G48833100 8,901 1,943,400 SH   DFND 1 1,943,400 0 0
JOHNSON CTLS INTL PLC SHS G51502105 38,284 950,200 SH   DFND 1 950,200 0 0
NORWEGIAN CRUISE LINE HLDGS SHS G66721104 27,738 513,200 SH   DFND 1 513,200 0 0
FLEX LTD ORD Y2573F102 19,516 1,177,800 SH   DFND 1 1,177,800 0 0
AT&T INC COM 00206R102 27,419 700,000 SH   DFND 1 700,000 0 0
ABBOTT LAB COM 002824100 27,939 523,596 SH   DFND 1 523,596 0 0
ACTIVISION BLIZZARD INC COM 00507V109 15,263 236,600 SH   DFND 1 236,600 0 0
AECOM COM 00766T100 24,736 672,000 SH   DFND 1 672,000 0 0
AETNA INC COM 00817Y108 30,627 192,612 SH   DFND 1 192,612 0 0
AFFILIATED MANAGERS GROUP INC COM 008252108 27,649 145,650 SH   DFND 1 145,650 0 0
AGRIUM INC COM 008916108 20,756 193,600 SH   DFND 1 193,600 0 0
ALEXANDRIA REAL ESTATE EQUITIES INC COM 015271109 3,746 31,484 SH   DFND 1 31,484 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 26,571 189,400 SH   DFND 1 189,400 0 0
ALPHABET INC CAP STK CL A 02079K305 94,952 97,515 SH   DFND 1 97,515 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 2,153 48,769 SH   DFND 1 48,769 0 0
AMERICAN EXPRESS CO COM 025816109 28,070 310,300 SH   DFND 1 310,300 0 0
AMERICAN HOMES 4 RENT COM 02665T306 2,166 99,754 SH   DFND 1 99,754 0 0
AMERIPRISE FINL INC COM 03076C106 22,677 152,700 SH   DFND 1 152,700 0 0
AMETEK INC NEW COM 031100100 26,790 405,658 SH   DFND 1 405,658 0 0
ANADARKO PETRO CORP COM 032511107 27,082 554,400 SH   DFND 1 554,400 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 2,170 49,465 SH   DFND 1 49,465 0 0
APPLE INC COM 037833100 72,806 472,400 SH   DFND 1 472,400 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 1,648 87,130 SH   DFND 1 87,130 0 0
AUTOZONE INC COM 053332102 26,304 44,200 SH   DFND 1 44,200 0 0
AVALONBAY CMNTYS INC COM 053484101 6,690 37,493 SH   DFND 1 37,493 0 0
BANK OF AMERICA CORP COM 060505104 58,437 2,306,100 SH   DFND 1 2,306,100 0 0
MLP BLACKSTONE GROUP L P COM UNIT LTD 09253U108 34,017 1,019,400 SH   DFND 1 1,019,400 0 0
BOSTON PROPERTIES INC COM 101121101 4,894 39,826 SH   DFND 1 39,826 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,816 103,842 SH   DFND 1 103,842 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 1,209 64,290 SH   DFND 1 64,290 0 0
CVS HEALTH CORP COM 126650100 32,373 398,100 SH   DFND 1 398,100 0 0
CAMDEN PPTY TR SH BEN INT 133131102 1,701 18,597 SH   DFND 1 18,597 0 0
CANADIAN PAC RY LTD COM 13645T100 30,245 180,000 SH   DFND 1 180,000 0 0
CELGENE CORP COM 151020104 40,538 278,000 SH   DFND 1 278,000 0 0
CHEVRON CORP COM 166764100 57,751 491,500 SH   DFND 1 491,500 0 0
CIENA CORP COM NEW 171779309 12,969 590,300 SH   DFND 1 590,300 0 0
CIMAREX ENERGY CO COM 171798101 26,110 229,700 SH   DFND 1 229,700 0 0
CISCO SYSTEMS INC COM 17275R102 26,904 800,000 SH   DFND 1 800,000 0 0
CITIGROUP INC COM NEW 172967424 60,207 827,700 SH   DFND 1 827,700 0 0
COLONY NORTHSTAR IN CL A COM 19625W104 908 72,268 SH   DFND 1 72,268 0 0
COMCAST CORP NEW CL A 20030N101 58,413 1,518,000 SH   DFND 1 1,518,000 0 0
CONOCOPHILLIPS COM 20825C104 30,901 617,400 SH   DFND 1 617,400 0 0
CORECIVIC INC COM 21871N101 1,683 62,866 SH   DFND 1 62,866 0 0
CORP OFFICE PPTYS TR COM 22002T108 966 29,434 SH   DFND 1 29,434 0 0
COSTCO WHOLESALE CORP NEW COM 22160K105 55,661 338,800 SH   DFND 1 338,800 0 0
COUSINS PPTYS INC COM 222795106 606 64,865 SH   DFND 1 64,865 0 0
CUBESMART COM 229663109 957 36,882 SH   DFND 1 36,882 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 18,403 1,225,200 SH   DFND 1 1,225,200 0 0
CYRUSONE INC COM 23283R100 1,861 31,586 SH   DFND 1 31,586 0 0
DCT INDL TR INC COM 233153204 2,378 41,053 SH   DFND 1 41,053 0 0
DDR CORP COM 23317H102 738 80,620 SH   DFND 1 80,620 0 0
DANAHER CORP COM 235851102 54,908 640,100 SH   DFND 1 640,100 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 22,958 476,100 SH   DFND 1 476,100 0 0
DIGITAL RLTY TR INC COM 253868103 7,370 62,280 SH   DFND 1 62,280 0 0
DISCOVER FINL SVCS COM 254709108 21,523 333,800 SH   DFND 1 333,800 0 0
DOUGLAS EMMETT INC COM 25960P109 1,190 30,194 SH   DFND 1 30,194 0 0
DUKE REALTY CORP COM NEW 264411505 3,814 132,330 SH   DFND 1 132,330 0 0
EOG RESOURCES INC COM 26875P101 23,014 237,900 SH   DFND 1 237,900 0 0
EPR PPTYS COM SH BEN INT 26884U109 1,896 27,189 SH   DFND 1 27,189 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
ELECTR ARTS COM 285512109 14,167 120,000 SH   DFND 1 120,000 0 0
ENVISION HEALTHCARE CORP COM 29414D100 24,367 542,100 SH   DFND 1 542,100 0 0
EQUINIX INC COM PAR $0.001 29444U700 9,932 22,253 SH   DFND 1 22,253 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 1,539 50,640 SH   DFND 1 50,640 0 0
EQTY LIFESTYLE PPTYS INC COM 29472R108 1,916 22,518 SH   DFND 1 22,518 0 0
EQTY RESIDENTIAL SH BEN INT 29476L107 6,083 92,269 SH   DFND 1 92,269 0 0
ESSEX PPTY TR COM 297178105 5,510 21,692 SH   DFND 1 21,692 0 0
EXTRA SPACE STORAGE INC COM 30225T102 3,092 38,683 SH   DFND 1 38,683 0 0
FACEBOOK INC CL A 30303M102 34,174 200,000 SH   DFND 1 200,000 0 0
FEDERAL RLTY INVT TR SH BEN INT NEW 313747206 3,388 27,275 SH   DFND 1 27,275 0 0
FIDELITY NATL INFORMATION SVCS INC COM 31620M106 14,802 158,500 SH   DFND 1 158,500 0 0
FLOWSERVE CORP COM 34354P105 22,700 533,000 SH   DFND 1 533,000 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 2,073 81,249 SH   DFND 1 81,249 0 0
GGP INC COM 36174X101 3,904 187,985 SH   DFND 1 187,985 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 3,096 83,932 SH   DFND 1 83,932 0 0
GENERAL DYNAMICS CORP COM 369550108 25,348 123,300 SH   DFND 1 123,300 0 0
GLOBAL PMTS INC COM 37940X102 19,966 210,100 SH   DFND 1 210,100 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 33,847 142,700 SH   DFND 1 142,700 0 0
GRAMERCY PPTY TR COM NEW 385002308 1,159 38,325 SH   DFND 1 38,325 0 0
HCP INC COM 40414L109 4,499 161,676 SH   DFND 1 161,676 0 0
HEALTHCARE RLTY TR COM 421946104 2,014 62,263 SH   DFND 1 62,263 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 2,039 68,436 SH   DFND 1 68,436 0 0
HELMERICH & PAYNE INC COM 423452101 13,298 255,200 SH   DFND 1 255,200 0 0
HEMISPHERE MEDIA GROUP INC CL A 42365Q103 11,124 930,913 SH   DFND 1 930,913 0 0
HIGHWOODS PPTYS INC COM 431284108 2,456 47,142 SH   DFND 1 47,142 0 0
HOME DEPOT INC COM 437076102 49,744 304,136 SH   DFND 1 304,136 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 888 31,178 SH   DFND 1 31,178 0 0
HOST HOTELS & RESORTS INC COM 44107P104 4,428 239,468 SH   DFND 1 239,468 0 0
HUDSON PACIFIC PROPERTIES INC COM 444097109 2,153 64,220 SH   DFND 1 64,220 0 0
INTEL CORP COM 458140100 26,675 700,500 SH   DFND 1 700,500 0 0
INTERCONTINENTAL EXCHANGE INC COM 45866F104 34,323 499,600 SH   DFND 1 499,600 0 0
INTERNATIONAL BUSINESS MACHS CORP COM 459200101 26,405 182,000 SH   DFND 1 182,000 0 0
INTL PAPER CO COM 460146103 18,898 332,600 SH   DFND 1 332,600 0 0
INTUIT COM 461202103 14,427 101,500 SH   DFND 1 101,500 0 0
INVITATION HOMES INC COM 46187W107 1,618 71,425 SH   DFND 1 71,425 0 0
IRON MTN INC NEW COM COM 46284V101 3,499 89,936 SH   DFND 1 89,936 0 0
JBG SMITH PROPERTIES COM 46590V100 949 27,747 SH   DFND 1 27,747 0 0
KS CY SOUTHN COM 485170302 22,703 208,900 SH   DFND 1 208,900 0 0
KILROY RLTY CORP COM 49427F108 2,442 34,339 SH   DFND 1 34,339 0 0
KIMCO RLTY CORP COM 49446R109 3,178 162,550 SH   DFND 1 162,550 0 0
KIRBY CORP COM 497266106 12,498 189,500 SH   DFND 1 189,500 0 0
KROGER CO COM 501044101 10,538 525,300 SH   DFND 1 525,300 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 2,353 34,334 SH   DFND 1 34,334 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 934 32,186 SH   DFND 1 32,186 0 0
LAUDER ESTEE COS INC CL A 518439104 21,665 200,900 SH   DFND 1 200,900 0 0
LIBERTY PPTY TR SH BEN INT 531172104 1,006 24,490 SH   DFND 1 24,490 0 0
LIFE STORAGE INC COM 53223X107 593 7,245 SH   DFND 1 7,245 0 0
ELI LILLY & CO COM 532457108 38,330 448,100 SH   DFND 1 448,100 0 0
MACERICH CO COM 554382101 1,385 25,199 SH   DFND 1 25,199 0 0
MASTERCARD INC CL A 57636Q104 29,906 211,800 SH   DFND 1 211,800 0 0
MEDICAL PPTYS TR INC COM 58463J304 955 72,728 SH   DFND 1 72,728 0 0
MERCK & CO INC COM 58933Y105 40,576 633,700 SH   DFND 1 633,700 0 0
MICROSOFT CORP COM 594918104 78,930 1,059,600 SH   DFND 1 1,059,600 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 28,792 320,700 SH   DFND 1 320,700 0 0
MID-AMER APT CMNTYS INC COM 59522J103 3,072 28,744 SH   DFND 1 28,744 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 2,212 53,086 SH   DFND 1 53,086 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 1,794 56,210 SH   DFND 1 56,210 0 0
OUTFRONT MEDIA INC COM 69007J106 1,201 47,689 SH   DFND 1 47,689 0 0
PPG IND INC COM 693506107 23,177 213,300 SH   DFND 1 213,300 0 0
PEPSICO INC COM 713448108 40,962 367,600 SH   DFND 1 367,600 0 0
PRAXAIR INC COM 74005P104 19,396 138,800 SH   DFND 1 138,800 0 0
PROLOGIS INC COM 74340W103 9,713 153,061 SH   DFND 1 153,061 0 0
PUB STORAGE COM 74460D109 8,473 39,596 SH   DFND 1 39,596 0 0
QUALCOMM INC COM 747525103 24,883 480,000 SH   DFND 1 480,000 0 0
RLJ LODGING TR COM 74965L101 1,546 70,284 SH   DFND 1 70,284 0 0
REALTY INCOME CORP COM 756109104 4,703 82,238 SH   DFND 1 82,238 0 0
REGENCY CTRS CORP COM 758849103 3,516 56,679 SH   DFND 1 56,679 0 0
REXFORD INDL RLTY INC COM 76169C100 1,533 53,579 SH   DFND 1 53,579 0 0
ROPER TECHNOLOGIES INC COM 776696106 25,557 105,000 SH   DFND 1 105,000 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 1,345 21,520 SH   DFND 1 21,520 0 0
SL GREEN RLTY CORP COM 78440X101 3,424 33,790 SH   DFND 1 33,790 0 0
SALESFORCE COM INC COM 79466L302 19,095 204,400 SH   DFND 1 204,400 0 0
SCHLUMBERGER LTD COM 806857108 18,800 269,500 SH   DFND 1 269,500 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 902 46,137 SH   DFND 1 46,137 0 0
SIMON PROPERTY GROUP INC COM 828806109 14,419 89,553 SH   DFND 1 89,553 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 1,033 120,494 SH   DFND 1 120,494 0 0
STANLEY BLACK & DECKER INC COM 854502101 28,096 186,100 SH   DFND 1 186,100 0 0
STARBUCKS CORP COM 855244109 38,084 709,062 SH   DFND 1 709,062 0 0
STORE CAPITAL CORPORATION COM 862121100 699 28,105 SH   DFND 1 28,105 0 0
SUN COMMUNITIES INC COM 866674104 1,819 21,232 SH   DFND 1 21,232 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 2,017 125,484 SH   DFND 1 125,484 0 0
TJX COS INC COM NEW COM 872540109 52,982 718,600 SH   DFND 1 718,600 0 0
TANGER FACTORY OUTLET CTRS INC COM 875465106 875 35,834 SH   DFND 1 35,834 0 0
THERMO FISHER CORP COM 883556102 36,875 194,900 SH   DFND 1 194,900 0 0
TRACTOR SUPPLY CO COM 892356106 25,208 398,300 SH   DFND 1 398,300 0 0
UDR INC COM 902653104 3,595 94,535 SH   DFND 1 94,535 0 0
UNITED PARCEL SVC INC CL B 911312106 29,146 242,700 SH   DFND 1 242,700 0 0
UNITED STS STL CORP NEW COM 912909108 15,406 600,400 SH   DFND 1 600,400 0 0
UNITEDHEALTH GROUP INC COM 91324P102 51,998 265,500 SH   DFND 1 265,500 0 0
URBAN EDGE PPTYS COM 91704F104 1,595 66,136 SH   DFND 1 66,136 0 0
VENTAS INC COM 92276F100 7,119 109,303 SH   DFND 1 109,303 0 0
VANGUARD INDEX FDS REIT ETF 922908553 4,008 48,232 SH   DFND 1 48,232 0 0
VEREIT INC COM 92339V100 1,227 147,980 SH   DFND 1 147,980 0 0
VERIZON COMMUNICATIONS COM 92343V104 25,982 525,000 SH   DFND 1 525,000 0 0
VISA INC COM CL A 92826C839 33,908 322,200 SH   DFND 1 322,200 0 0
VORNADO RLTY TR COM 929042109 3,824 49,745 SH   DFND 1 49,745 0 0
VOYA FINL INC COM 929089100 32,949 826,000 SH   DFND 1 826,000 0 0
W P CAREY INC COM 92936U109 981 14,564 SH   DFND 1 14,564 0 0
WELLS FARGO & CO NEW COM 949746101 55,608 1,008,300 SH   DFND 1 1,008,300 0 0
WELLTOWER INC COM 95040Q104 8,043 114,445 SH   DFND 1 114,445 0 0