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
ATHENE HLDG LTD CL A G0684D107 13,331 334,700 SH   DFND 1 334,700 0 0
INGERSOLL-RAND PLC SHS G47791101 12,070 132,300 SH   DFND 1 132,300 0 0
LINDE PLC COM G5494J103 12,343 79,100 SH   DFND 1 79,100 0 0
NORWEGIAN CRUISE LINE HLDGS L SHS G66721104 14,726 347,400 SH   DFND 1 347,400 0 0
WILLIS TOWERS WATSON PUB LTD SHS G96629103 11,875 78,200 SH   DFND 1 78,200 0 0
AT&T INC COM 00206R102 12,877 451,200 SH   DFND 1 451,200 0 0
ABBOTT LAB COM 002824100 23,066 318,896 SH   DFND 1 318,896 0 0
ACADIA RLTY TR COM 004239109 1,237 52,070 SH   DFND 1 52,070 0 0
ACTIVISION BLIZZARD INC COM 00507V109 9,901 212,600 SH   DFND 1 212,600 0 0
ALEXANDRIA REAL ESTATE EQUITIES INC COM 015271109 4,518 39,209 SH   DFND 1 39,209 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 12,462 128,000 SH   DFND 1 128,000 0 0
ALIBABA GROUP HOLDING LTD SPONSORED ADS 01609W102 12,240 89,300 SH   DFND 1 89,300 0 0
ALPHABET INC CAP STK CL A 02079K305 52,057 49,817 SH   DFND 1 49,817 0 0
AMAZON COM INC COM 023135106 49,865 33,200 SH   DFND 1 33,200 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 1,145 27,675 SH   DFND 1 27,675 0 0
AMERICAN EXPRESS CO COM 025816109 16,576 173,900 SH   DFND 1 173,900 0 0
AMERICAN HOMES 4 RENT COM 02665T306 1,980 99,754 SH   DFND 1 99,754 0 0
AMERICAN TOWER CORP COM 03027X100 1,761 11,135 SH   DFND 1 11,135 0 0
AMERIPRISE FINL INC COM 03076C106 10,030 96,100 SH   DFND 1 96,100 0 0
ANADARKO PETRO CORP COM 032511107 8,948 204,100 SH   DFND 1 204,100 0 0
ANALOG DEVICES INC COM 032654105 11,681 136,100 SH   DFND 1 136,100 0 0
APPLE INC COM 037833100 23,140 146,700 SH   DFND 1 146,700 0 0
AVALONBAY CMNTYS COM 053484101 7,079 40,673 SH   DFND 1 40,673 0 0
AVNET INC COM 053807103 7,260 201,100 SH   DFND 1 201,100 0 0
BANK OF AMERICA CORP COM 060505104 22,925 930,400 SH   DFND 1 930,400 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 18,053 605,600 SH   DFND 1 605,600 0 0
BOSTON PROPERTIES INC COM 101121101 5,920 52,601 SH   DFND 1 52,601 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,000 77,682 SH   DFND 1 77,682 0 0
CAMDEN PPTY TR SH BEN INT 133131102 3,574 40,592 SH   DFND 1 40,592 0 0
CHEVRON CORP COM 166764100 28,634 263,200 SH   DFND 1 263,200 0 0
CISCO SYSTEMS INC COM 17275R102 23,541 543,300 SH   DFND 1 543,300 0 0
CITIZENS FINL GROUP INC COM 174610105 5,967 200,700 SH   DFND 1 200,700 0 0
COLONY CAP INC NEW CL A COM 19626G108 456 97,400 SH   DFND 1 97,400 0 0
COLUMBIA PPTY TR INC COM NEW 198287203 569 29,430 SH   DFND 1 29,430 0 0
CONOCOPHILLIPS COM 20825C104 14,372 230,500 SH   DFND 1 230,500 0 0
CONTURA ENERGY INC COM 21241B100 282 4,285 SH   DFND 1 4,285 0 0
CORECIVIC INC COM 21871N101 820 46,000 SH   DFND 1 46,000 0 0
CORP OFFICE PPTYS TR COM 22002T108 1,211 57,600 SH   DFND 1 57,600 0 0
COSTCO WHOLESALE CORP NEW COM 22160K105 27,093 133,000 SH   DFND 1 133,000 0 0
COUSINS PPTYS INC COM 222795106 2,102 266,125 SH   DFND 1 266,125 0 0
CYRUSONE INC COM 23283R100 1,985 37,531 SH   DFND 1 37,531 0 0
DANAHER CORP COM 235851102 29,420 285,300 SH   DFND 1 285,300 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 11,796 236,400 SH   DFND 1 236,400 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 1,724 189,885 SH   DFND 1 189,885 0 0
DIGITAL RLTY TR INC COM 253868103 7,079 66,440 SH   DFND 1 66,440 0 0
WALT DISNEY CO COM 254687106 13,191 120,300 SH   DFND 1 120,300 0 0
DOLLAR GEN CORP NEW COM 256677105 22,427 207,500 SH   DFND 1 207,500 0 0
DOUGLAS EMMETT INC COM 25960P109 1,947 57,034 SH   DFND 1 57,034 0 0
DOWDUPONT INC COM 26078J100 12,894 241,100 SH   DFND 1 241,100 0 0
DUKE RLTY CORP COM NEW 264411505 4,215 162,755 SH   DFND 1 162,755 0 0
EOG RESOURCES INC COM 26875P101 10,308 118,200 SH   DFND 1 118,200 0 0
EPR PPTYS COM SH BEN INT 26884U109 2,414 37,699 SH   DFND 1 37,699 0 0
EASTGROUP PPTYS INC COM 277276101 1,776 19,360 SH   DFND 1 19,360 0 0
ELECTR ART COM 285512109 8,727 110,600 SH   DFND 1 110,600 0 0
EMERSON ELECTRIC CO COM 291011104 15,804 264,500 SH   DFND 1 264,500 0 0
EQUINIX INC COM PAR $0.001 29444U700 8,815 25,003 SH   DFND 1 25,003 0 0
EQTY LIFESTYLE PPTYS INC COM 29472R108 3,404 35,048 SH   DFND 1 35,048 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 7,308 110,704 SH   DFND 1 110,704 0 0
ESSEX PPTY TR INC COM 297178105 4,569 18,632 SH   DFND 1 18,632 0 0
EXTRA SPACE STORAGE INC COM 30225T102 3,856 42,613 SH   DFND 1 42,613 0 0
FACEBOOK INC CL A 30303M102 19,231 146,700 SH   DFND 1 146,700 0 0
FEDERAL RLTY INVT TR SH BEN INT NEW 313747206 3,504 29,685 SH   DFND 1 29,685 0 0
FEDEX CORP COM 31428X106 8,099 50,200 SH   DFND 1 50,200 0 0
FIDELITY NATL INFORMATION SVCS INC COM 31620M106 12,398 120,900 SH   DFND 1 120,900 0 0
GEO GROUP INC NEW COM 36162J106 1,223 62,090 SH   DFND 1 62,090 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 2,352 72,807 SH   DFND 1 72,807 0 0
GENERAL ELECTRIC CO COM 369604103 3,799 501,800 SH   DFND 1 501,800 0 0
GILEAD SCIENCES INC COM 375558103 12,979 207,500 SH   DFND 1 207,500 0 0
GLOBAL PMTS INC COM 37940X102 14,118 136,900 SH   DFND 1 136,900 0 0
HCP INC COM 40414L109 4,577 163,881 SH   DFND 1 163,881 0 0
HALLIBURTON CO COM 406216101 7,054 265,400 SH   DFND 1 265,400 0 0
HEALTHCARE RLTY TR COM 421946104 1,556 54,708 SH   DFND 1 54,708 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 1,935 76,461 SH   DFND 1 76,461 0 0
HELMERICH & PAYNE INC COM 423452101 7,114 148,400 SH   DFND 1 148,400 0 0
HEMISPHERE MEDIA GROUP INC CL A 42365Q103 11,301 930,913 SH   DFND 1 930,913 0 0
HIGHWOODS PPTYS INC COM 431284108 2,305 59,572 SH   DFND 1 59,572 0 0
HOME DEPOT INC COM 437076102 31,295 182,136 SH   DFND 1 182,136 0 0
HOST HOTELS & RESORTS INC COM 44107P104 4,641 278,413 SH   DFND 1 278,413 0 0
HUBBELL INC COM 443510607 6,556 66,000 SH   DFND 1 66,000 0 0
HUDSON PACIFIC PROPERTIES INC COM 444097109 2,627 90,410 SH   DFND 1 90,410 0 0
INTERCONTINENTAL EXCHANGE INC COM 45866F104 21,748 288,700 SH   DFND 1 288,700 0 0
INVITATION HOMES INC COM 46187W107 2,388 118,925 SH   DFND 1 118,925 0 0
IRON MTN INC NEW COM 46284V101 1,509 46,566 SH   DFND 1 46,566 0 0
JBG SMITH PROPERTIES COM 46590V100 1,023 29,395 SH   DFND 1 29,395 0 0
JPMORGAN CHASE & CO COM 46625H100 19,348 198,200 SH   DFND 1 198,200 0 0
JOHNSON & JOHNSON COM 478160104 42,690 330,800 SH   DFND 1 330,800 0 0
KS CY SOUTHN COM 485170302 9,908 103,800 SH   DFND 1 103,800 0 0
KILROY RLTY CORP COM 49427F108 2,468 39,254 SH   DFND 1 39,254 0 0
KIMCO RLTY CORP COM 49446R109 2,048 139,810 SH   DFND 1 139,810 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 656 9,484 SH   DFND 1 9,484 0 0
ESTEE LAUDER COMPANIES INC CL A 518439104 11,124 85,500 SH   DFND 1 85,500 0 0
LIBERTY PPTY TR SH BEN INT 531172104 620 14,800 SH   DFND 1 14,800 0 0
LOCKHEED MARTIN CORP COM 539830109 11,809 45,100 SH   DFND 1 45,100 0 0
MGM RESORTS INTERNATIONAL COM 552953101 12,999 535,800 SH   DFND 1 535,800 0 0
MACERICH CO COM 554382101 752 17,384 SH   DFND 1 17,384 0 0
MASTERCARD INC CL A 57636Q104 14,205 75,300 SH   DFND 1 75,300 0 0
MICROSOFT CORP COM 594918104 61,805 608,500 SH   DFND 1 608,500 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 17,584 244,500 SH   DFND 1 244,500 0 0
MICRON TECH INC COM 595112103 12,387 390,400 SH   DFND 1 390,400 0 0
MID-AMER APT CMNTYS INC COM 59522J103 1,307 13,659 SH   DFND 1 13,659 0 0
MONDELEZ INTL INC COM 609207105 14,043 350,800 SH   DFND 1 350,800 0 0
MORGAN STANLEY COM STK USD0.01 COM NEW 617446448 15,916 401,400 SH   DFND 1 401,400 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 2,487 51,261 SH   DFND 1 51,261 0 0
NETFLIX INC COM 64110L106 13,437 50,200 SH   DFND 1 50,200 0 0
NEWFIELD EXPLORATION COM 651290108 4,408 300,700 SH   DFND 1 300,700 0 0
NORTHROP GRUMMAN CORP COM 666807102 12,294 50,200 SH   DFND 1 50,200 0 0
NUTRIEN LTD COM 67077M108 11,016 234,374 SH   DFND 1 234,374 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 2,503 71,220 SH   DFND 1 71,220 0 0
PARK HOTELS & RESORTS INC COM 700517105 2,577 99,180 SH   DFND 1 99,180 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 1,611 56,915 SH   DFND 1 56,915 0 0
PEPSICO INC COM 713448108 16,395 148,400 SH   DFND 1 148,400 0 0
PROLOGIS INC COM 74340W103 11,760 200,273 SH   DFND 1 200,273 0 0
PUB STORAGE COM 74460D109 7,853 38,796 SH   DFND 1 38,796 0 0
QUALCOMM INC COM 747525103 15,132 265,900 SH   DFND 1 265,900 0 0
REALTY INCOME CORP COM 756109104 5,405 85,733 SH   DFND 1 85,733 0 0
REGENCY CTRS CORP COM 758849103 3,559 60,649 SH   DFND 1 60,649 0 0
RETAIL PPTYS AMER INC CL A 76131V202 1,512 139,370 SH   DFND 1 139,370 0 0
REXFORD INDL RLTY INC COM 76169C100 2,483 84,269 SH   DFND 1 84,269 0 0
ROPER TECHNOLOGIES INC COM 776696106 15,991 60,000 SH   DFND 1 60,000 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 1,930 28,940 SH   DFND 1 28,940 0 0
SL GREEN RLTY CORP COM 78440X101 2,795 35,350 SH   DFND 1 35,350 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 12,256 271,700 SH   DFND 1 271,700 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 1,326 80,465 SH   DFND 1 80,465 0 0
SALESFORCE COM INC COM 79466L302 20,326 148,400 SH   DFND 1 148,400 0 0
SCHLUMBERGER LTD COM 806857108 8,854 245,400 SH   DFND 1 245,400 0 0
SCHWAB CHARLES CORP NEW COM 808513105 13,103 315,500 SH   DFND 1 315,500 0 0
SIMON PROPERTY GROUP INC COM 828806109 15,044 89,553 SH   DFND 1 89,553 0 0
STANLEY BLACK & DECKER INC COM 854502101 12,573 105,000 SH   DFND 1 105,000 0 0
STRYKER CORP COM 863667101 17,290 110,300 SH   DFND 1 110,300 0 0
SUN COMMUNITIES INC COM 866674104 3,036 29,852 SH   DFND 1 29,852 0 0
TAUBMAN CTRS INC COM 876664103 1,130 24,850 SH   DFND 1 24,850 0 0
THERMO FISHER CORP COM 883556102 29,786 133,100 SH   DFND 1 133,100 0 0
UDR INC COM 902653104 4,377 110,485 SH   DFND 1 110,485 0 0
UNITED PARCEL SVC INC CL B 911312106 11,986 122,900 SH   DFND 1 122,900 0 0
UNITED STS STL CORP NEW COM 912909108 5,461 299,400 SH   DFND 1 299,400 0 0
UNITED TECHNOLOGIES CORP COM 913017109 19,017 178,600 SH   DFND 1 178,600 0 0
UNITEDHEALTH GROUP INC COM 91324P102 36,446 146,300 SH   DFND 1 146,300 0 0
VALERO ENERGY CORP NEW COM 91913Y100 7,497 100,000 SH   DFND 1 100,000 0 0
VENTAS INC COM 92276F100 3,841 65,553 SH   DFND 1 65,553 0 0
VICI PPTYS INC COM 925652109 2,986 158,975 SH   DFND 1 158,975 0 0
VISA INC COM CL A 92826C839 35,571 269,600 SH   DFND 1 269,600 0 0
VORNADO RLTY TR COM 929042109 2,160 34,825 SH   DFND 1 34,825 0 0
WELLTOWER INC COM 95040Q104 7,961 114,695 SH   DFND 1 114,695 0 0
XILINX INC COM 983919101 7,316 85,900 SH   DFND 1 85,900 0 0