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 27,466 349,000 SH   DFND 1 349,000 0 0
ALLERGAN PLC SHS G0177J108 39,640 242,330 SH   DFND 1 242,330 0 0
ATHENE HLDG LTD CL A G0684D107 29,547 571,400 SH   DFND 1 571,400 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 8,947 2,145,500 SH   DFND 1 2,145,500 0 0
JOHNSON CTLS INTL PLC SHS G51502105 36,231 950,700 SH   DFND 1 950,700 0 0
NORWEGIAN CRUISE LINE HLDGS SHS G66721104 32,940 618,600 SH   DFND 1 618,600 0 0
TRITON INTL LTD CL A G9078F107 247 6,600 SH   DFND 1 6,600 0 0
FLEX LTD ORD Y2573F102 21,201 1,178,500 SH   DFND 1 1,178,500 0 0
AT&T INC COM 00206R102 27,224 700,200 SH   DFND 1 700,200 0 0
ABBOTT LAB COM 002824100 25,618 448,896 SH   DFND 1 448,896 0 0
ACTIVISION BLIZZARD INC COM 00507V109 29,716 469,300 SH   DFND 1 469,300 0 0
AFFILIATED MANAGERS GROUP INC COM 008252108 29,915 145,750 SH   DFND 1 145,750 0 0
AGRIUM INC COM 008916108 22,287 193,800 SH   DFND 1 193,800 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 4,111 31,484 SH   DFND 1 31,484 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 27,446 229,500 SH   DFND 1 229,500 0 0
ALPHABET INC CAP STK CL A 02079K305 102,828 97,615 SH   DFND 1 97,615 0 0
ALTRIA GROUP INC COM 02209S103 17,138 240,000 SH   DFND 1 240,000 0 0
AMAZON COM INC COM 023135106 74,846 64,000 SH   DFND 1 64,000 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 2,001 48,769 SH   DFND 1 48,769 0 0
AMERICAN EXPRESS CO COM 025816109 30,836 310,500 SH   DFND 1 310,500 0 0
AMERICAN HOMES 4 RENT COM 02665T306 2,179 99,754 SH   DFND 1 99,754 0 0
AMERIPRISE FINL INC COM 03076C106 25,878 152,700 SH   DFND 1 152,700 0 0
AMETEK INC NEW COM 031100100 29,413 405,858 SH   DFND 1 405,858 0 0
ANADARKO PETRO CORP COM 032511107 30,291 564,700 SH   DFND 1 564,700 0 0
ANTERO RES CORP COM 03674X106 447 23,520 SH   DFND 1 23,520 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 2,162 49,465 SH   DFND 1 49,465 0 0
APPLE INC COM 037833100 66,440 392,600 SH   DFND 1 392,600 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 1,709 87,130 SH   DFND 1 87,130 0 0
AUTOZONE INC COM 053332102 14,441 20,300 SH   DFND 1 20,300 0 0
AVALONBAY CMNTYS COM 053484101 6,689 37,493 SH   DFND 1 37,493 0 0
BANK OF AMERICA CORP COM 060505104 68,114 2,307,400 SH   DFND 1 2,307,400 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 32,664 1,020,100 SH   DFND 1 1,020,100 0 0
BOSTON PROPERTIES INC COM 101121101 5,179 39,826 SH   DFND 1 39,826 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,889 103,842 SH   DFND 1 103,842 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 1,200 64,290 SH   DFND 1 64,290 0 0
CME GROUP INC COM 12572Q105 35,052 240,000 SH   DFND 1 240,000 0 0
CAMDEN PPTY TR SH BEN INT 133131102 1,712 18,597 SH   DFND 1 18,597 0 0
CANADIAN PAC RY LTD COM 13645T100 32,933 180,200 SH   DFND 1 180,200 0 0
CELGENE CORP COM 151020104 29,033 278,200 SH   DFND 1 278,200 0 0
CHEVRON CORP COM 166764100 61,568 491,800 SH   DFND 1 491,800 0 0
CIENA CORP COM NEW 171779309 19,884 950,000 SH   DFND 1 950,000 0 0
CIMAREX ENERGY CO COM 171798101 28,050 229,900 SH   DFND 1 229,900 0 0
CISCO SYSTEMS INC COM 17275R102 34,489 900,500 SH   DFND 1 900,500 0 0
CITIGROUP INC COM NEW 172967424 54,185 728,200 SH   DFND 1 728,200 0 0
COLONY NORTHSTAR INC CL A COM 19625W104 825 72,268 SH   DFND 1 72,268 0 0
COMCAST CORP CL A 20030N101 38,800 968,800 SH   DFND 1 968,800 0 0
CONOCOPHILLIPS COM 20825C104 33,911 617,800 SH   DFND 1 617,800 0 0
CORECIVIC INC COM 21871N101 1,414 62,866 SH   DFND 1 62,866 0 0
CORP OFFICE PPTYS TR COM 22002T108 859 29,434 SH   DFND 1 29,434 0 0
COSTCO WHOLESALE CORP NEW COM 22160K105 48,763 262,000 SH   DFND 1 262,000 0 0
COUSINS PPTYS INC COM 222795106 600 64,865 SH   DFND 1 64,865 0 0
CUBESMART COM 229663109 1,067 36,882 SH   DFND 1 36,882 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 20,214 1,326,400 SH   DFND 1 1,326,400 0 0
CYRUSONE INC COM 23283R100 1,880 31,586 SH   DFND 1 31,586 0 0
DCT INDL TR INC COM 233153204 2,413 41,053 SH   DFND 1 41,053 0 0
DDR CORP COM 23317H102 722 80,620 SH   DFND 1 80,620 0 0
DANAHER CORP COM 235851102 59,451 640,500 SH   DFND 1 640,500 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 26,678 476,400 SH   DFND 1 476,400 0 0
DIGITAL RLTY TR INC COM 253868103 7,094 62,280 SH   DFND 1 62,280 0 0
DOUGLAS EMMETT INC COM 25960P109 1,240 30,194 SH   DFND 1 30,194 0 0
DUKE RLTY CORP COM NEW 264411505 3,601 132,330 SH   DFND 1 132,330 0 0
EOG RESOURCES INC COM 26875P101 25,683 238,000 SH   DFND 1 238,000 0 0
EPR PPTYS COM SH BEN INT 26884U109 1,780 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
EMERSON ELECTRIC CO COM 291011104 42,859 615,000 SH   DFND 1 615,000 0 0
ENVISION HEALTHCARE CORP COM 29414D100 18,745 542,400 SH   DFND 1 542,400 0 0
EQUINIX INC COM PAR $0.001 29444U700 10,086 22,253 SH   DFND 1 22,253 0 0
EQUITY COMMONWEALTH COM SH BEN INT 294628102 1,545 50,640 SH   DFND 1 50,640 0 0
EQTY LIFESTYLE PPTYS INC COM 29472R108 2,005 22,518 SH   DFND 1 22,518 0 0
EQTY RESIDENTIAL SH BEN INT 29476L107 5,884 92,269 SH   DFND 1 92,269 0 0
ESSEX PPTY TR COM 297178105 5,236 21,692 SH   DFND 1 21,692 0 0
EXTRA SPACE STORAGE INC COM 30225T102 3,383 38,683 SH   DFND 1 38,683 0 0
FEDERAL RLTY INVT TR SH BEN INT NEW 313747206 3,622 27,275 SH   DFND 1 27,275 0 0
FIDELITY NATL INFORMATION SVCS INC COM 31620M106 21,979 233,600 SH   DFND 1 233,600 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 1,958 81,249 SH   DFND 1 81,249 0 0
GGP INC COM 36174X101 4,397 187,985 SH   DFND 1 187,985 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 3,105 83,932 SH   DFND 1 83,932 0 0
GENERAL DYNAMICS CORP COM 369550108 25,085 123,300 SH   DFND 1 123,300 0 0
GLOBAL PMTS INC COM 37940X102 21,070 210,200 SH   DFND 1 210,200 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 36,380 142,800 SH   DFND 1 142,800 0 0
GRAMERCY PPTY TR COM NEW 385002308 1,022 38,325 SH   DFND 1 38,325 0 0
HCP INC COM 40414L109 4,217 161,676 SH   DFND 1 161,676 0 0
HEALTHCARE RLTY TR COM 421946104 2,000 62,263 SH   DFND 1 62,263 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 2,629 87,521 SH   DFND 1 87,521 0 0
HELMERICH & PAYNE INC COM 423452101 16,503 255,300 SH   DFND 1 255,300 0 0
HEMISPHERE MEDIA GROUP INC CL A 42365Q103 10,752 930,913 SH   DFND 1 930,913 0 0
HIGHWOODS PPTYS INC COM 431284108 2,400 47,142 SH   DFND 1 47,142 0 0
HOME DEPOT INC COM 437076102 50,100 264,336 SH   DFND 1 264,336 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 931 31,178 SH   DFND 1 31,178 0 0
HOST HOTELS & RESORTS INC COM 44107P104 4,753 239,468 SH   DFND 1 239,468 0 0
HUDSON PACIFIC PROPERTIES INC COM 444097109 2,200 64,220 SH   DFND 1 64,220 0 0
INTEL CORP COM 458140100 26,588 576,000 SH   DFND 1 576,000 0 0
INTERCONTINENTAL EXCHANGE INC COM 45866F104 47,621 674,900 SH   DFND 1 674,900 0 0
INTERNATIONAL BUSINESS MACHS CORP COM 459200101 27,186 177,200 SH   DFND 1 177,200 0 0
INTL PAPER CO COM 460146103 21,606 372,900 SH   DFND 1 372,900 0 0
INVITATION HOMES INC COM 46187W107 1,683 71,425 SH   DFND 1 71,425 0 0
IRON MTN INC NEW COM 46284V101 3,393 89,936 SH   DFND 1 89,936 0 0
JBG SMITH PROPERTIES COM 46590V100 964 27,747 SH   DFND 1 27,747 0 0
JPMORGAN CHASE & CO COM 46625H100 42,776 400,000 SH   DFND 1 400,000 0 0
KANSAS CITY SOUTHERN COM 485170302 21,991 209,000 SH   DFND 1 209,000 0 0
KEYCORP NEW COM 493267108 33,482 1,660,000 SH   DFND 1 1,660,000 0 0
KILROY RLTY CORP COM 49427F108 2,563 34,339 SH   DFND 1 34,339 0 0
KIMCO RLTY CORP COM 49446R109 2,950 162,550 SH   DFND 1 162,550 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 2,549 34,334 SH   DFND 1 34,334 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 903 32,186 SH   DFND 1 32,186 0 0
LAUDER ESTEE COS INC CL A 518439104 25,575 201,000 SH   DFND 1 201,000 0 0
LIBERTY PPTY TR SH BEN INT 531172104 1,053 24,490 SH   DFND 1 24,490 0 0
LIFE STORAGE INC COM 53223X107 645 7,245 SH   DFND 1 7,245 0 0
MGM RESORTS INTERNATIONAL COM 552953101 24,909 746,000 SH   DFND 1 746,000 0 0
MACERICH CO COM 554382101 1,655 25,199 SH   DFND 1 25,199 0 0
MEDICAL PPTYS TR INC COM 58463J304 1,002 72,728 SH   DFND 1 72,728 0 0
MERCK & CO INC COM 58933Y105 39,057 694,100 SH   DFND 1 694,100 0 0
MICROSOFT CORP COM 594918104 94,984 1,110,400 SH   DFND 1 1,110,400 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 28,183 320,700 SH   DFND 1 320,700 0 0
MID-AMER APT CMNTYS INC COM 59522J103 2,890 28,744 SH   DFND 1 28,744 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 2,290 53,086 SH   DFND 1 53,086 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 1,548 56,210 SH   DFND 1 56,210 0 0
OUTFRONT MEDIA INC COM 69007J106 1,106 47,689 SH   DFND 1 47,689 0 0
PPG IND INC COM 693506107 24,929 213,400 SH   DFND 1 213,400 0 0
PHILIP MORRIS INTL INC COM 718172109 30,639 290,000 SH   DFND 1 290,000 0 0
PRAXAIR INC COM 74005P104 23,016 148,800 SH   DFND 1 148,800 0 0
PROLOGIS INC COM 74340W103 9,874 153,061 SH   DFND 1 153,061 0 0
PUB STORAGE COM 74460D109 8,276 39,596 SH   DFND 1 39,596 0 0
QUALCOMM INC COM 747525103 28,828 450,300 SH   DFND 1 450,300 0 0
RLJ LODGING TR COM 74965L101 1,544 70,284 SH   DFND 1 70,284 0 0
REALTY INCOME CORP COM 756109104 4,689 82,238 SH   DFND 1 82,238 0 0
REGENCY CTRS CORP COM 758849103 3,921 56,679 SH   DFND 1 56,679 0 0
REXFORD INDL RLTY INC COM 76169C100 1,562 53,579 SH   DFND 1 53,579 0 0
ROPER TECHNOLOGIES , INC COM 776696106 27,221 105,100 SH   DFND 1 105,100 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 1,485 21,520 SH   DFND 1 21,520 0 0
SL GREEN RLTY CORP COM 78440X101 3,410 33,790 SH   DFND 1 33,790 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 20,357 502,900 SH   DFND 1 502,900 0 0
SALESFORCE COM INC COM 79466L302 20,906 204,500 SH   DFND 1 204,500 0 0
SCHLUMBERGER LTD COM 806857108 22,549 334,600 SH   DFND 1 334,600 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 884 46,137 SH   DFND 1 46,137 0 0
SIMON PROPERTY GROUP INC COM 828806109 15,380 89,553 SH   DFND 1 89,553 0 0
SPIRIT AIRLS INC COM 848577102 17,043 380,000 SH   DFND 1 380,000 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 1,034 120,494 SH   DFND 1 120,494 0 0
STANLEY BLACK & DECKER INC COM 854502101 31,596 186,200 SH   DFND 1 186,200 0 0
STARBUCKS CORP COM 855244109 40,744 709,462 SH   DFND 1 709,462 0 0
STORE CAPITAL CORPORATION COM 862121100 732 28,105 SH   DFND 1 28,105 0 0
SUN COMMUNITIES INC COM 866674104 1,970 21,232 SH   DFND 1 21,232 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 2,074 125,484 SH   DFND 1 125,484 0 0
TJX COS INC NEW COM 872540109 54,975 719,000 SH   DFND 1 719,000 0 0
TANGER FACTORY OUTLET CTRS INC COM 875465106 950 35,834 SH   DFND 1 35,834 0 0
THERMO FISHER CORP COM 883556102 43,672 230,000 SH   DFND 1 230,000 0 0
TRACTOR SUPPLY CO COM 892356106 22,799 305,000 SH   DFND 1 305,000 0 0
UDR INC COM 902653104 3,641 94,535 SH   DFND 1 94,535 0 0
UNITED PARCEL SVC INC CL B 911312106 28,942 242,900 SH   DFND 1 242,900 0 0
UNITED STS STL CORP NEW COM 912909108 22,902 650,800 SH   DFND 1 650,800 0 0
UNITEDHEALTH GROUP INC COM 91324P102 58,576 265,700 SH   DFND 1 265,700 0 0
URBAN EDGE PPTYS COM 91704F104 1,686 66,136 SH   DFND 1 66,136 0 0
VENTAS INC COM 92276F100 6,559 109,303 SH   DFND 1 109,303 0 0
VANGUARD INDEX FDS REIT ETF 922908553 4,002 48,232 SH   DFND 1 48,232 0 0
VEREIT INC COM 92339V100 1,153 147,980 SH   DFND 1 147,980 0 0
VERIZON COMMUNICATIONS COM 92343V104 27,804 525,300 SH   DFND 1 525,300 0 0
VISA INC COM CL A 92826C839 58,412 512,300 SH   DFND 1 512,300 0 0
VMWARE INC CL A COM 928563402 21,304 170,000 SH   DFND 1 170,000 0 0
VORNADO RLTY TR COM 929042109 3,889 49,745 SH   DFND 1 49,745 0 0
VOYA FINL INC COM 929089100 30,993 626,500 SH   DFND 1 626,500 0 0
W P CAREY INC COM 92936U109 1,003 14,564 SH   DFND 1 14,564 0 0
WELLS FARGO & CO NEW COM 949746101 61,216 1,009,000 SH   DFND 1 1,009,000 0 0
WELLTOWER INC COM 95040Q104 6,660 104,445 SH   DFND 1 104,445 0 0