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 12,430 208,000 SH   DFND 1 208,000 0 0
ALLERGAN PLC SHS G0177J108 25,164 149,530 SH   DFND 1 149,530 0 0
ATHENE HOLDING LTD CL A G0684D107 17,236 360,500 SH   DFND 1 360,500 0 0
INGERSOLL-RAND PLC SHS G47791101 4,276 50,000 SH   DFND 1 50,000 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 2,627 1,147,300 SH   DFND 1 1,147,300 0 0
NORWEGIAN CRUISE LINE HLDGS LTD SHS G66721104 17,522 330,800 SH   DFND 1 330,800 0 0
FLEX LTD ORD Y2573F102 10,727 656,900 SH   DFND 1 656,900 0 0
ABBOTT LAB COM 002824100 17,976 299,996 SH   DFND 1 299,996 0 0
ACTIVISION BLIZZARD INC COM 00507V109 20,886 309,600 SH   DFND 1 309,600 0 0
AFFILIATED MANAGERS GROUP INC COM 008252108 10,967 57,850 SH   DFND 1 57,850 0 0
ALEXANDRIA REAL ESTATE EQUITIES INC COM 015271109 4,897 39,209 SH   DFND 1 39,209 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 13,676 122,700 SH   DFND 1 122,700 0 0
ALPHABET INC CAP STK CL A 02079K305 61,311 59,115 SH   DFND 1 59,115 0 0
AMAZON COM INC COM 023135106 49,499 34,200 SH   DFND 1 34,200 0 0
AMERICAN EXPRESS CO COM 025816109 15,494 166,100 SH   DFND 1 166,100 0 0
AMERICAN HOMES 4 RENT COM 02665T306 2,003 99,754 SH   DFND 1 99,754 0 0
AMERICAN TOWER CORP COM 03027X100 16,496 113,500 SH   DFND 1 113,500 0 0
AMERIPRISE FINL INC COM 03076C106 12,087 81,700 SH   DFND 1 81,700 0 0
AMETEK INC NEW COM 031100100 11,932 157,058 SH   DFND 1 157,058 0 0
ANADARKO PETRO CORP COM 032511107 15,223 252,000 SH   DFND 1 252,000 0 0
ANALOG DEVICES INC COM 032654105 11,391 125,000 SH   DFND 1 125,000 0 0
APPLE INC COM 037833100 29,831 177,800 SH   DFND 1 177,800 0 0
AVALONBAY CMNTYS INC COM 053484101 7,487 45,523 SH   DFND 1 45,523 0 0
BANK OF AMERICA CORP COM 060505104 35,397 1,180,300 SH   DFND 1 1,180,300 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 20,841 652,300 SH   DFND 1 652,300 0 0
BOSTON PROPERTIES INC COM 101121101 4,631 37,581 SH   DFND 1 37,581 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,234 77,682 SH   DFND 1 77,682 0 0
CME GROUP INC COM 12572Q105 20,767 128,400 SH   DFND 1 128,400 0 0
CAMDEN PPTY TR SH BEN INT 133131102 3,417 40,592 SH   DFND 1 40,592 0 0
CANADIAN PAC RY LTD COM 13645T100 17,015 96,400 SH   DFND 1 96,400 0 0
CELGENE CORP COM 151020104 14,220 159,400 SH   DFND 1 159,400 0 0
CHEVRON CORP COM 166764100 32,353 283,700 SH   DFND 1 283,700 0 0
CIENA CORP COM NEW 171779309 15,527 599,500 SH   DFND 1 599,500 0 0
CIMAREX ENERGY CO COM 171798101 11,996 128,300 SH   DFND 1 128,300 0 0
CISCO SYSTEMS INC COM 17275R102 23,714 552,900 SH   DFND 1 552,900 0 0
CITIGROUP INC COM NEW 172967424 24,422 361,800 SH   DFND 1 361,800 0 0
COLGATE-PALMOLIVE CO COM 194162103 20,630 287,800 SH   DFND 1 287,800 0 0
COLONY NORTHSTAR INC CL A COM 19625W104 547 97,400 SH   DFND 1 97,400 0 0
CONOCOPHILLIPS COM 20825C104 16,619 280,300 SH   DFND 1 280,300 0 0
COSTCO WHOLESALE CORP NEW COM 22160K105 26,399 140,100 SH   DFND 1 140,100 0 0
COUSINS PPTYS INC COM 222795106 2,310 266,125 SH   DFND 1 266,125 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 11,974 706,000 SH   DFND 1 706,000 0 0
CYRUSONE INC COM 23283R100 2,360 46,081 SH   DFND 1 46,081 0 0
DCT INDL TR INC COM 233153204 3,263 57,918 SH   DFND 1 57,918 0 0
DANAHER CORP COM 235851102 35,365 361,200 SH   DFND 1 361,200 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 13,960 254,700 SH   DFND 1 254,700 0 0
DENTSPLY SIRONA INC COM 24906P109 14,499 288,200 SH   DFND 1 288,200 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 1,770 169,575 SH   DFND 1 169,575 0 0
DIGITAL RLTY TR INC COM 253868103 7,434 70,540 SH   DFND 1 70,540 0 0
DOLLAR GEN CORP NEW COM 256677105 15,436 165,000 SH   DFND 1 165,000 0 0
DOUGLAS EMMETT INC COM 25960P109 2,097 57,034 SH   DFND 1 57,034 0 0
DUKE RLTY CORP COM NEW 264411505 4,310 162,755 SH   DFND 1 162,755 0 0
EOG RESOURCES INC COM 26875P101 14,527 138,000 SH   DFND 1 138,000 0 0
EPR PPTYS COM SH BEN INT 26884U109 2,089 37,699 SH   DFND 1 37,699 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 22,464 328,900 SH   DFND 1 328,900 0 0
EMPIRE ST RLTY TR INC CL A 292104106 1,934 115,200 SH   DFND 1 115,200 0 0
ENVISION HEALTHCARE CORP COM 29414D100 11,145 290,000 SH   DFND 1 290,000 0 0
EQUINIX INC COM PAR $0.001 29444U700 10,455 25,003 SH   DFND 1 25,003 0 0
EQTY LIFESTYLE PPTYS INC COM 29472R108 3,076 35,048 SH   DFND 1 35,048 0 0
EQTY RESIDENTIAL SH BEN INT 29476L107 5,050 81,949 SH   DFND 1 81,949 0 0
ESSEX PPTY TR COM 297178105 5,442 22,612 SH   DFND 1 22,612 0 0
EXTRA SPACE STORAGE INC COM 30225T102 3,723 42,613 SH   DFND 1 42,613 0 0
FACEBOOK INC CL A 30303M102 14,381 90,000 SH   DFND 1 90,000 0 0
FEDERAL RLTY INVT TR SH BEN INT NEW 313747206 3,447 29,685 SH   DFND 1 29,685 0 0
FIDELITY NATL INFORMATION SVCS INC COM 31620M106 12,538 130,200 SH   DFND 1 130,200 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 2,305 113,794 SH   DFND 1 113,794 0 0
GEO GROUP INC NEW COM 36162J106 1,922 93,890 SH   DFND 1 93,890 0 0
GGP INC COM 36174X101 3,846 187,985 SH   DFND 1 187,985 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 3,437 102,682 SH   DFND 1 102,682 0 0
GENERAL DYNAMICS CORP COM 369550108 21,648 98,000 SH   DFND 1 98,000 0 0
GLOBAL PMTS INC COM 37940X102 16,438 147,400 SH   DFND 1 147,400 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 21,912 87,000 SH   DFND 1 87,000 0 0
HCP INC COM 40414L109 3,807 163,881 SH   DFND 1 163,881 0 0
HEALTHCARE RLTY TR COM 421946104 2,409 86,938 SH   DFND 1 86,938 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 2,903 109,771 SH   DFND 1 109,771 0 0
HELMERICH & PAYNE INC COM 423452101 7,761 116,600 SH   DFND 1 116,600 0 0
HEMISPHERE MEDIA GROUP INC CL A 42365Q103 10,473 930,913 SH   DFND 1 930,913 0 0
HIGHWOODS PPTYS INC COM 431284108 2,610 59,572 SH   DFND 1 59,572 0 0
HOME DEPOT INC COM 437076102 31,127 174,636 SH   DFND 1 174,636 0 0
HOST HOTELS & RESORTS INC COM 44107P104 4,977 266,988 SH   DFND 1 266,988 0 0
HUDSON PACIFIC PROPERTIES INC COM 444097109 2,941 90,410 SH   DFND 1 90,410 0 0
INTERCONTINENTAL EXCHANGE INC COM 45866F104 22,546 310,900 SH   DFND 1 310,900 0 0
INTL PAPER CO COM 460146103 12,011 224,800 SH   DFND 1 224,800 0 0
INVITATION HOMES INC COM 46187W107 3,361 147,225 SH   DFND 1 147,225 0 0
IRON MTN INC NEW COM 46284V101 3,521 107,166 SH   DFND 1 107,166 0 0
JPMORGAN CHASE & CO COM 46625H100 23,523 213,900 SH   DFND 1 213,900 0 0
JOHNSON & JOHNSON COM 478160104 35,510 277,100 SH   DFND 1 277,100 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 12,281 111,800 SH   DFND 1 111,800 0 0
KEYCORP NEW COM 493267108 17,355 887,700 SH   DFND 1 887,700 0 0
KILROY RLTY CORP COM 49427F108 1,105 15,574 SH   DFND 1 15,574 0 0
KIMCO RLTY CORP COM 49446R109 1,162 80,660 SH   DFND 1 80,660 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 2,405 37,784 SH   DFND 1 37,784 0 0
LAUDER ESTEE COS INC CL A 518439104 13,684 91,400 SH   DFND 1 91,400 0 0
MGM RESORTS INTERNATIONAL COM 552953101 17,759 507,100 SH   DFND 1 507,100 0 0
MACERICH CO COM 554382101 974 17,384 SH   DFND 1 17,384 0 0
MICROSOFT CORP COM 594918104 57,829 633,600 SH   DFND 1 633,600 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 18,592 203,500 SH   DFND 1 203,500 0 0
MID-AMER APT CMNTYS INC COM 59522J103 1,609 17,634 SH   DFND 1 17,634 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 3,092 78,761 SH   DFND 1 78,761 0 0
NUTRIEN LTD COM 67077M108 11,176 236,474 SH   DFND 1 236,474 0 0
PPG IND INC COM 693506107 12,734 114,100 SH   DFND 1 114,100 0 0
PARK HOTELS & RESORTS INC COM 700517105 2,356 87,180 SH   DFND 1 87,180 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 1,955 56,915 SH   DFND 1 56,915 0 0
PRAXAIR INC COM 74005P104 11,876 82,300 SH   DFND 1 82,300 0 0
PROLOGIS INC COM 74340W103 11,062 175,611 SH   DFND 1 175,611 0 0
PUB STORAGE COM 74460D109 7,614 37,996 SH   DFND 1 37,996 0 0
QUALCOMM INC COM 747525103 13,337 240,700 SH   DFND 1 240,700 0 0
REALTY INCOME CORP COM 756109104 5,094 98,478 SH   DFND 1 98,478 0 0
REGENCY CTRS CORP COM 758849103 3,577 60,649 SH   DFND 1 60,649 0 0
RETAIL PPTYS AMER INC CL A 76131V202 1,625 139,370 SH   DFND 1 139,370 0 0
REXFORD INDL RLTY INC COM 76169C100 2,426 84,269 SH   DFND 1 84,269 0 0
ROPER TECHNOLOGIES INC COM 776696106 12,126 43,200 SH   DFND 1 43,200 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 1,613 20,830 SH   DFND 1 20,830 0 0
SL GREEN RLTY CORP COM 78440X101 2,210 22,825 SH   DFND 1 22,825 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 12,166 226,800 SH   DFND 1 226,800 0 0
SALESFORCE COM INC COM 79466L302 15,096 129,800 SH   DFND 1 129,800 0 0
SCHLUMBERGER LTD COM 806857108 11,589 178,900 SH   DFND 1 178,900 0 0
SIMON PROPERTY GROUP INC COM 828806109 13,823 89,553 SH   DFND 1 89,553 0 0
SPIRIT AIRLS INC COM 848577102 7,677 203,200 SH   DFND 1 203,200 0 0
STANLEY BLACK & DECKER INC COM 854502101 20,360 132,900 SH   DFND 1 132,900 0 0
STARBUCKS CORP COM 855244109 21,759 375,862 SH   DFND 1 375,862 0 0
SUN COMMUNITIES INC COM 866674104 2,728 29,852 SH   DFND 1 29,852 0 0
TJX COS INC NEW COM 872540109 12,299 150,800 SH   DFND 1 150,800 0 0
THERMO FISHER CORP COM 883556102 27,459 133,000 SH   DFND 1 133,000 0 0
UDR INC COM 902653104 3,683 103,385 SH   DFND 1 103,385 0 0
UNITED PARCEL SERVICE INC CL B 911312106 17,363 165,900 SH   DFND 1 165,900 0 0
UNITED STATES STL CORP NEW COM 912909108 7,566 215,000 SH   DFND 1 215,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 24,132 191,800 SH   DFND 1 191,800 0 0
UNITEDHEALTH GROUP INC COM 91324P102 33,705 157,500 SH   DFND 1 157,500 0 0
URBAN EDGE PPTYS COM 91704F104 1,550 72,586 SH   DFND 1 72,586 0 0
VENTAS INC COM 92276F100 4,421 89,253 SH   DFND 1 89,253 0 0
VANGUARD INDEX FUNDS REAL ESTATE ETF 922908553 1,051 13,922 SH   DFND 1 13,922 0 0
VISA INC COM CL A 92826C839 33,410 279,300 SH   DFND 1 279,300 0 0
VORNADO RLTY TR COM 929042109 4,004 59,500 SH   DFND 1 59,500 0 0
WELLS FARGO & CO NEW COM 949746101 19,318 368,600 SH   DFND 1 368,600 0 0
WELLTOWER INC COM COM 95040Q104 6,510 119,595 SH   DFND 1 119,595 0 0
WIDEOPENWEST INC COM 96758W101 1,549 216,627 SH   DFND 1 216,627 0 0
XILINX INC COM 983919101 13,704 189,700 SH   DFND 1 189,700 0 0