1ST CENTURY BANCSHARES INC 	COM	31943X102	82	20000 SH	SOLE
1ST UNITED BANCORP INC FLA 	COM	33740N105	808	115165 SH	SOLE
3M CO 	COM	88579Y101	4012	42907 SH	SOLE
A C MOORE ARTS & CRAFTS INC 	COM	00086T103	69	25000 SH	SOLE
ABBOTT LABS 	COM	002824100	1453	29616 SH	SOLE
ABIOMED INC 	COM	003654100	416	28600 SH	SOLE
ABOVENET INC 	COM	00374N107	1025	15800 SH	SOLE
AFLAC INC	COM	001055102	1335	25300 SH	SOLE
AIR PRODS & CHEMS INC 	COM	009158106	3992	44267 SH	SOLE
ALBEMARLE CORP	COM	012653101	239	4000 SH	SOLE
ALCON INC 	COM SHS	H01301102	3567	21550 SH	SOLE
ALEXANDERS INC 	COM	014752109	23221	57061 SH	SOLE
ALEXANDRIA REAL ESTATE EQ INC 	COM	015271109	13744	176267 SH	SOLE
ALLERGAN INC 	COM	018490102	710	10000 SH	SOLE
ALLIANCE BANCORP INC PA 	COM	01890A108	442	41306 SH	SOLE
ALLIANT ENERGY CORP	COM	018802108	230	5900 SH	SOLE
ALLSCRIPT MISYS HEALTCAR SOLNS 	COM	01988P108	1214	57856 SH	SOLE
ALMOST FAMILY INC 	COM	020409108	339	9000 SH	SOLE
ALPINE GLOBAL DYNAMIC DIVD FD 	COM	02082E106	109	14376 SH	SOLE
ALPINE GLOBAL PREMIER PPTYS FD 	COM SBI	02083A103	5664	808000 SH	SOLE
ALPINE TOTAL DYNAMIC DIVID FD 	COM SBI	021060108	1917	311687 SH	SOLE
ALTISOURCE PORTFOLIO SOLNS SA 	REG SHS	L0175J104	1841	60000 SH	SOLE
ALVARION LTD 	SHS	M0861T100	109	57500 SH	SOLE
AMB PROPERTY CORP 	COM	00163T109	5738	159529 SH	SOLE
AMERICA MOVIL SAB DE CV 	SPON ADR L SHS	02364W105	212	3644 SH	SOLE
AMERICAN ASSETS TRUST INC	COM	024013104	957	45000 SH	SOLE
AMERICAN CAPITAL AGENCY CORP 	COM	02503X105	14480	496904 SH	SOLE
AMERICAN ELEC PWR INC 	COM	025537101	777	22100 SH	SOLE
AMERICAN WTR WKS CO INC NEW 	COM	030420103	276	9856 SH	SOLE
AMETEK INC NEW 	COM	031100100	987	22500 SH	SOLE
ANHEUSER-BUSCH INBEV 	SPONSORED ADR	03524A108	392	6850 SH	SOLE
ANNALY CAP MGMT INC 	COM	035710409	846	48500 SH	SOLE
ANSYS INC 	COM	03662Q105	1517	28000 SH	SOLE
APACHE CORP 	COM	037411105	26318	201022 SH	SOLE
APOLLO COML REAL EST FIN INC 	COM	03762U105	9816	600343 SH	SOLE
APPLE INC 	COM	037833100	4935	14160 SH	SOLE
ARM HOLDINGS PLC	SPONSORED ADR	042068106	2107	74800 SH	SOLE
ARTIO GLOBAL INVS INC 	COM CL A	04315B107	162	10000 SH	SOLE
ASSOCIATED ESTATES REALTY CP	COM	045604105	286	18000 SH	SOLE
AT&T INC 	COM	00206R102	6716	219419 SH	SOLE
ATLAS AIR WORLDWIDE HLDGS INC 	COM NEW	049164205	1053	15100 SH	SOLE
AUTOLIV INC 	COM	052800109	7352	99050 SH	SOLE
AUTOMATIC DATA PROCESSING INC 	COM	053015103	241	4700 SH	SOLE
AVAGO TECHNOLOGIES LTD 	SHS	Y0486S104	513	16500 SH	SOLE
AVALONBAY CMNTYS INC 	COM	053484101	1216	10125 SH	SOLE
BAKER HUGHES INC 	COM	057224107	23701	322770 SH	SOLE
BANCORP RHODE ISLAND INC 	COM	059690107	587	19000 SH	SOLE
BANK COMM HLDGS 	COM	06424J103	227	53940 SH	SOLE
BANK OF AMERICA CORPORATION 	COM	060505104	10676	800884 SH	SOLE
BANK OF NEW YORK MELLON CORP 	COM	064058100	2998	100361 SH	SOLE
BANK OF NOVA SCOTIA	COM	064149107	460	7514 SH	SOLE
BANK VA CHESTERFIELD 	COM	06544P104	191	90712 SH	SOLE
BANNER CORP 	COM	06652V109	130	55000 SH	SOLE
BEAZER HOMES USA INC 	COM	07556Q105	686	150000 SH	SOLE
BEAZER HOMES USA INC 	NT SUB7.5%2013	07556Q402	1686	70000 SH	SOLE
BECTON DICKINSON & CO 	COM	075887109	1720	21600 SH	SOLE
BEST BUY INC 	COM	086516101	1307	45515 SH	SOLE
BGC PARTNERS INC 	CL A	05541T101	186	20000 SH	SOLE
BHP BILLITON LTD 	SPONSORED ADR	088606108	29119	303700 SH	SOLE
BIO-REFERENCE LABS INC 	COM $.01 NEW	09057G602	412	18350 SH	SOLE
BIO RAD LABS INC 	CL A	090572207	985	8200 SH	SOLE
BLACKROCK INC 	COM	09247X101	32894	163645 SH	SOLE
BLACKSTONE GROUP L P 	COM UNIT LTD	09253U108	358	20000 SH	SOLE
BOEING CO 	COM	097023105	16703	225928 SH	SOLE
BOISE INC	COM	09746Y105	339	37000 SH	SOLE
BON-TON STORES INC 	COM	09776J101	167	10760 SH	SOLE
BOSTON PRIVATE FINL HLDGS INC 	COM	101119105	99	14000 SH	SOLE
BOSTON PROPERTIES INC 	COM	101121101	8341	87944 SH	SOLE
BRE PROPERTIES INC 	CL A	05564E106	1085	23000 SH	SOLE
BRISTOL MYERS SQUIBB CO 	COM	110122108	319	12072 SH	SOLE
BROOKDALE SR LIVING INC 	COM	112463104	1400	50000 SH	SOLE
BROOKFIELD PPTYS CORP 	COM	112900105	20052	1131576 SH	SOLE
BUCYRUS INTL INC NEW 	COM	118759109	3155	34500 SH	SOLE
CAMDEN PPTY TR 	SH BEN INT	133131102	585	10300 SH	SOLE
CAMPUS CREST COMMUNITIES, INC.	COM	13466Y105	709	59900 SH	SOLE
CAPITAL ONE FINL CORP 	COM	14040H105	505	9720 SH	SOLE
CAPITOL FEDERAL FINANCIAL	COM	14057J101	3162	280600 SH	SOLE
CARDINAL HEALTH INC 	COM	14149Y108	280	6798 SH	SOLE
CAROLINA TRUST BANK	COM	144200102	255	80000 SH	SOLE
CATERPILLAR INC DEL 	COM	149123101	278	2500 SH	SOLE
CB RICHARD ELLIS GROUP INC 	CL A	12497T101	5829	218333 SH	SOLE
CBL & ASSOC PPTYS INC 	COM	124830100	30246	1736264 SH	SOLE
CBS CORP NEW 	CL B	124857202	716	28592 SH	SOLE
CENTERPOINT ENERGY INC 	COM	15189T107	299	17000 SH	SOLE
CENTERSTATE BANKS INC 	COM	15201P109	167	23800 SH	SOLE
CENTRAL FED CORP 	COM	15346Q103	68	52000 SH	SOLE
CERNER CORP 	COM	156782104	945	8500 SH	SOLE
CF INDS HLDGS INC 	COM	125269100	410	3000 SH	SOLE
CHARLES RIV LABS INTL INC 	COM	159864107	537	14000 SH	SOLE
CHATHAM LODGING TR 	COM	16208T102	10259	631315 SH	SOLE
CHESAPEAKE LODGING TR 	SH BEN INT	165240102	4873	279912 SH	SOLE
CHEVRON CORP NEW 	COM	166764100	23278	216558 SH	SOLE
CHIMERA INVT CORP 	COM	16934Q109	13827	3491660 SH	SOLE
CHUBB CORP 	COM	171232101	307	5000 SH	SOLE
CINEMARK HOLDINGS INC 	COM	17243V102	1960	101298 SH	SOLE
CISCO SYS INC 	COM	17275R102	19880	1159193 SH	SOLE
CITIGROUP INC 	COM	172967101	1656	374605 SH	SOLE
CITIZENS FIRST CORP 	COM	17462Q107	278	34337 SH	SOLE
CME GROUP INC 	COM	12572Q105	9042	29985 SH	SOLE
CMS ENERGY CORP	COM	125896100	473	24100 SH	SOLE
COGDELL SPENCER INC 	COM	19238U107	1804	303679 SH	SOLE
COLGATE PALMOLIVE CO 	COM	194162103	412	5100 SH	SOLE
COLONY FINL INC 	COM	19624R106	14414	765507 SH	SOLE
COMCAST CORP NEW 	CL A	20030N101	245	9928 SH	SOLE
COMERICA INC 	COM	200340107	779	21222 SH	SOLE
COMMERCEFIRST BANCORP INC 	COM	200845105	204	24100 SH	SOLE
COMTECH TELECOMMUNICATIONS CP 	COM NEW	205826209	354	13000 SH	SOLE
CONEXANT SYSTEMS INC 	COM NEW	207142308	24	10000 SH	SOLE
CONOCOPHILLIPS 	COM	20825C104	455	5700 SH	SOLE
CONSOL ENERGY INC 	COM	20854P109	6428	119860 SH	SOLE
CONSOLIDATED EDISON INC 	COM	209115104	1085	21400 SH	SOLE
CORESITE REALTY CORP	COM	21870Q105	1187	74937 SH	SOLE
CORPORATE OFFICE PPTYS TR 	SH BEN INT	22002T108	873	24153 SH	SOLE
COWEN GROUP INC NEW 	CL A	223622101	173	43033 SH	SOLE
CULLEN FROST BANKERS INC 	COM	229899109	282	4778 SH	SOLE
CUMMINS INC 	COM	231021106	18565	169362 SH	SOLE
CVS CAREMARK CORPORATION 	COM	126650100	580	16900 SH	SOLE
CYPRESS SHARPRIDGE INVTS INC 	COM	23281A307	6012	474164 SH	SOLE
D R HORTON INC 	COM	23331A109	1088	93411 SH	SOLE
DARDEN RESTAURANTS INC 	COM	237194105	491	10000 SH	SOLE
DEERE & CO 	COM	244199105	2466	25453 SH	SOLE
DEVELOPERS DIVERSIFIED RLTY CO 	COM	251591103	244	17397 SH	SOLE
DIAMOND OFFSHORE DRILLING INC 	COM	25271C102	5828	75000 SH	SOLE
DIAMONDROCK HOSPITALITY CO 	COM	252784301	7959	712559 SH	SOLE
DIGITAL REALTY TRUST INC	COM	253868103	4988	85800 SH	SOLE
DIREXION SHS ETF TR 	DLY FIN BULL NEW	25459W516	612	20200 SH	SOLE
DOLLAR THRIFTY AUTOMOTIVE GP	COM	256743105	18177	272400 SH	SOLE
DOUGLAS EMMETT INC 	COM	25960P109	2822	150509 SH	SOLE
DSP GROUP INC 	COM	23332B106	116	15000 SH	SOLE
DU PONT E I DE NEMOURS & CO 	COM	263534109	3447	62700 SH	SOLE
DUKE ENERGY CORP NEW 	COM	26441C105	182	10000 SH	SOLE
DUPONT FABROS TECHNOLOGY INC 	COM	26613Q106	5101	210352 SH	SOLE
E HOUSE CHINA HLDGS LTD 	ADR	26852W103	705	60000 SH	SOLE
EASTMAN CHEMICAL CO	COM	277432100	1669	16800 SH	SOLE
EDWARDS LIFESCIENCES CORP 	COM	28176E108	539	6196 SH	SOLE
EL PASO PIPELINE PARTNERS L P 	COM UNIT LPI	283702108	529	14600 SH	SOLE
EMERGENCY MEDICAL SVCS CORP 	CL A	29100P102	2767	43520 SH	SOLE
EMERSON ELEC CO 	COM	291011104	625	10700 SH	SOLE
EMPRESAS ICA S A DE CV 	SPONS ADR NEW	292448206	178	19500 SH	SOLE
ENERGYSOLUTIONS INC 	COM	292756202	101	17000 SH	SOLE
ENTERTAINMENT PPTYS TR 	COM SH BEN INT	29380T105	10771	230049 SH	SOLE
EQUITY RESIDENTIAL 	SH BEN INT	29476L107	3856	68360 SH	SOLE
ESSEX PPTY TR INC 	COM	297178105	3108	25065 SH	SOLE
EXCEL TR INC 	COM	30068C109	6380	541131 SH	SOLE
EXPRESS SCRIPTS INC 	COM	302182100	4496	80850 SH	SOLE
EXXON MOBIL CORP 	COM	30231G102	1847	21955 SH	SOLE
FEDERAL REALTY INVT TR 	SH BEN INT NEW	313747206	1068	13100 SH	SOLE
FEDEX CORP 	COM	31428X106	3948	42200 SH	SOLE
FELCOR LODGING TR INC 	COM	31430F101	616	100463 SH	SOLE
FIDELITY NATIONAL FINANCIAL IN 	CL A	31620R105	187	13205 SH	SOLE
FIDELITY NATL INFORMATION SVCS 	COM	31620M106	206	6287 SH	SOLE
FIRST CALIFORNIA FINANCIAL GRP 	COM NEW	319395109	300	80000 SH	SOLE
FIRST PACTRUST BANCORP INC 	COM	33589V101	221	13895 SH	SOLE
FIRSTENERGY CORP 	COM	337932107	12486	336632 SH	SOLE
FISERV INC	COM	337738108	1273	20300 SH	SOLE
FLAGSTAR BANCORP INC 	COM NEW	337930507	60	40000 SH	SOLE
FLIR SYS INC 	COM	302445101	5314	153540 SH	SOLE
FLOWSERVE CORP 	COM	34354P105	680	5280 SH	SOLE
FORESTAR GROUP INC 	COM	346233109	224	11751 SH	SOLE
FREEPORT-MCMORAN COPPER & GOLD 	COM	35671D857	35316	635750 SH	SOLE
FURMANITE CORP	COM	361086101	80	10000 SH	SOLE
GENERAL ELECTRIC CO 	COM	369604103	7088	353494 SH	SOLE
GENERAL GROWTH PPTYS INC 	COM	370023103	15093	975000 SH	SOLE
GETTY RLTY CORP NEW 	COM	374297109	676	29541 SH	SOLE
GFI GROUP INC 	COM	361652209	93	18500 SH	SOLE
GLEACHER & CO INC	COM	377341102	52	30000 SH	SOLE
GLOBE SPECIALTY METALS INC	COM	37954N206	228	10000 SH	SOLE
GOLAR LNG LTD	SHS	G9456A100	555	21700 SH	SOLE
GOLDMAN SACHS GROUP INC 	COM	38141G104	11916	75130 SH	SOLE
GOOGLE INC 	CL A	38259P508	8065	13745 SH	SOLE
GOVERNMENT PROPERTIES INCOME TRUST	COM SHS BEN INT	38376A103	403	15000 SH	SOLE
GREATER CHINA FD INC 	COM	39167B102	153	12097 SH	SOLE
HALLIBURTON CO 	COM	406216101	29757	597044 SH	SOLE
HASBRO INC	COM	418056107	11097	236912 SH	SOLE
HCP INC 	COM	40414L109	3297	86905 SH	SOLE
HEALTH CARE REIT INC 	COM	42217K106	787	15000 SH	SOLE
HEALTHCARE SVCS GRP INC 	COM	421906108	8490	483211 SH	SOLE
HEARUSA INC 	COM NEW	422360305	67	131000 SH	SOLE
HEINZ H J CO 	COM	423074103	771	15800 SH	SOLE
HELIX ENERGY SOLUTIONS GRP INC 	COM	42330P107	963	56000 SH	SOLE
HESS CORP 	COM	42809H107	25033	293780 SH	SOLE
HEWLETT PACKARD CO 	COM	428236103	3402	83025 SH	SOLE
HMS HLDGS CORP 	COM	40425J101	246	3000 SH	SOLE
HOME PROPERTIES INC 	COM	437306103	2723	46200 SH	SOLE
HONEYWELL INTL INC 	COM	438516106	1961	32850 SH	SOLE
HOSPIRA INC 	COM	441060100	315	5710 SH	SOLE
HOSPITALITY PPTYS TR 	COM SH BEN INT	44106M102	3502	151282 SH	SOLE
HOST HOTELS & RESORTS INC 	COM	44107P104	8212	466328 SH	SOLE
HOVNANIAN ENTERPRISES INC 	CL A	442487203	461	130500 SH	SOLE
HOWARD HUGHES CORP	COM	44267D107	603	8533 SH	SOLE
HUMANA INC 	COM	444859102	1259	18000 SH	SOLE
ILLUMINA INC 	COM	452327109	1401	20000 SH	SOLE
IMPERIAL HOLDINGS INC	COM	452834104	203	20000 SH	SOLE
INSIGNIA SYSTEMS INC	COM	45765Y105	140	19700 SH	SOLE
INTEL CORP 	COM	458140100	22656	1122680 SH	SOLE
INTERACTIVE INTELLIGENCE INC	COM	45839M103	232	6000 SH	SOLE
INTERCONTINENTALEXCHANGE INC 	COM	45865V100	533	4315 SH	SOLE
INTERNATIONAL BUSINESS MACHS 	COM	459200101	48899	299867 SH	SOLE
INTUITIVE SURGICAL INC 	COM NEW	46120E602	3701	11100 SH	SOLE
INVESCO MORTGAGE CAPITAL INC 	COM	46131B100	13337	610400 SH	SOLE
ION GEOPHYSICAL CORP 	COM	462044108	609	48000 SH	SOLE
ITC HLDGS CORP 	COM	465685105	48615	695488 SH	SOLE
ITRON INC 	COM	465741106	1569	27800 SH	SOLE
J & J SNACK FOODS CORP 	COM	466032109	706	15000 SH	SOLE
JMP GROUP INC 	COM	46629U107	112	13000 SH	SOLE
JOHNSON & JOHNSON 	COM	478160104	11293	190596 SH	SOLE
JPMORGAN CHASE & CO 	COM	46625H100	48261	1046873 SH	SOLE
KB HOME 	COM	48666K109	1443	116000 SH	SOLE
KELLOGG CO 	COM	487836108	232	4300 SH	SOLE
KEYCORP NEW 	COM	493267108	126	14164 SH	SOLE
KILROY RLTY CORP 	COM	49427F108	2601	66973 SH	SOLE
KIMCO REALTY CORP 	COM	49446R109	825	45000 SH	SOLE
KKR & CO L P DEL 	COM UNITS	48248M102	19725	1202011 SH	SOLE
KROGER CO 	COM	501044101	24324	1014786 SH	SOLE
LANDAUER INC	COM	51476K103	308	5000 SH	SOLE
LASALLE HOTEL PPTYS 	COM SH BEN INT	517942108	324	12000 SH	SOLE
LAZARD LTD 	SHS A	G54050102	32604	784123 SH	SOLE
LENNAR CORP 	CL A	526057104	7278	401650 SH	SOLE
LENNAR CORP 	CL B	526057302	216	14740 SH	SOLE
LIBERTY PPTY TR 	SH BEN INT	531172104	1106	33608 SH	SOLE
LIFE TECHNOLOGIES CORP 	COM	53217V109	2456	46860 SH	SOLE
LILLY ELI & CO 	COM	532457108	430	12220 SH	SOLE
LINCOLN ELEC HLDGS INC 	COM	533900106	5191	68374 SH	SOLE
LOWES COS INC 	COM	548661107	312	11800 SH	SOLE
LSI INDS INC 	COM	50216C108	878	121300 SH	SOLE
LUBRIZOL CORP 	COM	549271104	2237	16700 SH	SOLE
M & T BK CORP 	COM	55261F104	8774	99180 SH	SOLE
M D C HLDGS INC 	COM	552676108	552	21765 SH	SOLE
MACERICH CO 	COM	554382101	3092	62428 SH	SOLE
MACK CALI RLTY CORP 	COM	554489104	1963	57908 SH	SOLE
MARVELL TECHNOLOGY GROUP LTD 	ORD	G5876H105	708	45550 SH	SOLE
MAXIMUS INC	COM	577933104	690	8500 SH	SOLE
MBIA INC 	COM	55262C100	191	19000 SH	SOLE
MCDONALDS CORP 	COM	580135101	31615	415500 SH	SOLE
MCGRAW HILL COS INC 	COM	580645109	223	5650 SH	SOLE
MECHEL-PREF 	SPON ADR PFD	583840509	2192	200900 SH	SOLE
MEDALLION FINL CORP 	COM	583928106	273	31006 SH	SOLE
MEDCO HEALTH SOLUTIONS INC 	COM	58405U102	2301	40968 SH	SOLE
MEDNAX INC 	COM	58502B106	5076	76200 SH	SOLE
MEDTRONIC INC 	COM	585055106	2194	55766 SH	SOLE
MERCK & CO INC NEW 	COM	58933Y105	327	9905 SH	SOLE
MERIDIAN BIOSCIENCE INC 	COM	589584101	7241	301825 SH	SOLE
MF GLOBAL HLDGS LTD 	COM	55277J108	208	25100 SH	SOLE
MFA FINANCIAL INC 	COM	55272X102	23083	2815000 SH	SOLE
MICROCHIP TECHNOLOGY INC 	COM	595017104	22414	589691 SH	SOLE
MICROSOFT CORP 	COM	594918104	17169	676210 SH	SOLE
MIDDLEBY CORP 	COM	596278101	651	6991 SH	SOLE
MOLYCORP INC	COM	608753109	300	5000 SH	SOLE
MONARCH FINANCIAL HOLDINGS INC 	COM	60907Q100	103	12300 SH	SOLE
MORGAN STANLEY 	COM NEW	617446448	20618	754670 SH	SOLE
MPG OFFICE TR INC 	COM	553274101	962	259197 SH	SOLE
MYRIAD GENETICS INC	COM	62855J104	605	30000 SH	SOLE
NATIONAL BK GREECE S A 	SPONSORED ADR	633643408	65	37000 SH	SOLE
NEW CENTRY BANCORP INC DUNN NC 	COM	64353M100	46	10200 SH	SOLE
NEW YORK CMNTY BANCORP INC 	COM	649445103	544	31500 SH	SOLE
NEXTERA ENERGY INC 	COM	65339F101	15200	275762 SH	SOLE
NOKIA CORP 	SPONSORED ADR	654902204	151	17800 SH	SOLE
NORFOLK SOUTHERN CORP 	COM	655844108	25171	363368 SH	SOLE
NORTHERN DYNASTY MINERALS	COM NEW	66510M204	267	17773 SH	SOLE
NORTHROP GRUMMAN CORP 	COM	666807102	239	3807 SH	SOLE
NOVARTIS A G 	SPONSORED ADR	66987V109	5446	100200 SH	SOLE
NUANCE COMMUNICATIONS INC	COM	67020Y100	196	10000 SH	SOLE
NV ENERGY INC 	COM	67073Y106	223	15000 SH	SOLE
NVR INC 	COM	62944T105	3931	5200 SH	SOLE
O REILLY AUTOMOTIVE INC 	COM	67103H107	287	5000 SH	SOLE
OCCIDENTAL PETE CORP DEL 	COM	674599105	22821	218401 SH	SOLE
OCH ZIFF CAP MGMT GROUP 	CL A	67551U105	11432	700500 SH	SOLE
OCWEN FINL CORP 	COM NEW	675746309	5260	477290 SH	SOLE
OLD LINE BANCSHARES INC 	COM	67984M100	467	49864 SH	SOLE
OMEGA HEALTHCARE INVS INC 	COM	681936100	2190	98047 SH	SOLE
ORACLE CORP 	COM	68389X105	2180	65200 SH	SOLE
ORBITAL SCIENCES CORP 	COM	685564106	525	27774 SH	SOLE
PACCAR INC 	COM	693718108	686	13100 SH	SOLE
PACIFIC CONTINENTAL CORP 	COM	69412V108	102	10000 SH	SOLE
PACIFIC MERCANTILE BANCORP 	COM	694552100	60	14242 SH	SOLE
PACIFIC PREMIER BANCORP 	COM	69478X105	125	18276 SH	SOLE
PALL CORP 	COM	696429307	289	5010 SH	SOLE
PENN VA CORP 	COM	707882106	339	20000 SH	SOLE
PENNANTPARK INVT CORP 	COM	708062104	11802	990104 SH	SOLE
PENNEY J C INC 	COM	708160106	528	14700 SH	SOLE
PEPCO HOLDINGS INC 	COM	713291102	270	14500 SH	SOLE
PFIZER INC 	COM	717081103	1020	50198 SH	SOLE
PG&E CORP 	COM	69331C108	323	7300 SH	SOLE
PHILLIPS-VAN HEUSEN	COM	718592108	326	5010 SH	SOLE
PNC FINL SVCS GROUP INC 	COM	693475105	447	7100 SH	SOLE
POLYCOM INC 	COM	73172K104	757	14600 SH	SOLE
POWERSECURE INTL INC 	COM	73936N105	490	57000 SH	SOLE
PPG INDS INC 	COM	693506107	305	3200 SH	SOLE
PRECISION CASTPARTS CORP 	COM	740189105	2067	14041 SH	SOLE
PREFORMED LINE PRODUCTS CO	COM	740444104	533	7700 SH	SOLE
PRICELINE COM INC 	COM NEW	741503403	1924	3800 SH	SOLE
PROCTER & GAMBLE CO 	COM	742718109	3670	59580 SH	SOLE
PROGRESS ENERGY INC 	COM	743263105	517	11212 SH	SOLE
PROLOGIS 	SH BEN INT	743410102	5500	344182 SH	SOLE
PROVIDENT FINL HLDGS INC 	COM	743868101	415	50000 SH	SOLE
PUBLIC STORAGE 	COM	74460D109	3445	31065 SH	SOLE
PUBLIC SVC ENTERPRISE GROUP 	COM	744573106	19130	607112 SH	SOLE
PULTE GROUP INC 	COM	745867101	2555	345317 SH	SOLE
QUALCOMM INC 	COM	747525103	235	4288 SH	SOLE
QUALITY SYS INC 	COM	747582104	1483	17800 SH	SOLE
QUEST DIAGNOSTICS INC 	COM	74834L100	4181	72441 SH	SOLE
RADIAN GROUP INC 	COM	750236101	712	104500 SH	SOLE
RADNET INC 	COM	750491102	64	18336 SH	SOLE
REGAL BELOIT CORP	COM	758750103	2222	30100 SH	SOLE
REGAL ENTMT GROUP 	CL A	758766109	25103	1859485 SH	SOLE
REGIONAL BK HOLDRS TR 	DEPOSITRY RCPT	75902E100	265	3050 SH	SOLE
REGIONS FINANCIAL CORP NEW 	COM	7591EP100	110	15108 SH	SOLE
REPUBLIC FIRST BANCORP INC 	COM	760416107	209	75000 SH	SOLE
RESMED INC 	COM	761152107	450	15000 SH	SOLE
RODMAN & RENSHAW CAPITAL GRP	COM	77487R100	51	25000 SH	SOLE
RYDER SYSTEM INC	COM	783549108	10957	216534 SH	SOLE
RYLAND GROUP INC 	COM	783764103	705	44323 SH	SOLE
SAFE BULKERS INC 	COM	Y7388L103	117	12920 SH	SOLE
SANDERS MORRIS HARRIS GROUP 	COM	80000Q104	280	35000 SH	SOLE
SAUER-DANFOSS INC	COM	804137107	611	12000 SH	SOLE
SCHLUMBERGER LTD 	COM	806857108	30334	325260 SH	SOLE
SCOTTS MIRACLE GRO CO 	CL A	810186106	717	12400 SH	SOLE
SEACOAST BKG CORP FLA 	COM	811707306	158	100000 SH	SOLE
SENIOR HSG PPTYS TR 	SH BEN INT	81721M109	500	21700 SH	SOLE
SIGMA ALDRICH CORP 	COM	826552101	1241	19500 SH	SOLE
SIMON PPTY GROUP INC NEW 	COM	828806109	23956	223553 SH	SOLE
SJW CORP 	COM	784305104	431	18600 SH	SOLE
SKYWEST INC 	COM	830879102	619	36600 SH	SOLE
SL GREEN RLTY CORP 	COM	78440X101	15551	206790 SH	SOLE
SNAP ON INC 	COM	833034101	13830	230265 SH	SOLE
SOUTHERN CO 	COM	842587107	10489	275224 SH	SOLE
SOUTHERN COPPER CORP	COM	84265V105	515	12800 SH	SOLE
SOUTHERN NATL BANCORP OF VA IN 	COM	843395104	514	71750 SH	SOLE
SOUTHSIDE BANCSHARES INC 	COM	84470P109	378	17675 SH	SOLE
STANDARD PAC CORP NEW 	COM	85375C101	485	129900 SH	SOLE
STANLEY BLACK & DECKER INC 	COM	854502101	4361	56932 SH	SOLE
STARWOOD HOTELS&RESORTS WRLDWD 	COM	85590A401	2034	35000 SH	SOLE
STARWOOD PPTY TR INC 	COM	85571B105	16348	733100 SH	SOLE
STATE STR CORP 	COM	857477103	2036	45300 SH	SOLE
STERLING BANCORP 	COM	859158107	127	12715 SH	SOLE
STERLING BANCSHARES INC 	COM	858907108	258	30000 SH	SOLE
STRYKER CORP 	COM	863667101	468	7700 SH	SOLE
SUMMIT ST BK SANTA ROSA CALIF 	COM	866264203	244	35000 SH	SOLE
SUN BANCORP INC 	COM	86663B102	168	48160 SH	SOLE
SUNCOR ENERGY INC NEW 	COM	867224107	13581	302874 SH	SOLE
SUNRISE SENIOR LIVING INC 	COM	86768K106	4385	367600 SH	SOLE
SUNTRUST BKS INC 	COM	867914103	744	25810 SH	SOLE
SUSQUEHANNA BANCSHARES INC PA 	COM	869099101	332	35558 SH	SOLE
SYNOVUS FINL CORP 	COM	87161C105	366	152347 SH	SOLE
SYSCO CORP 	COM	871829107	416	15000 SH	SOLE
SYSWIN INC-	SPON ADS	872058102	2565	409111 SH	SOLE
TAUBMAN CTRS INC 	COM	876664103	1479	27606 SH	SOLE
TCF FINL CORP 	COM	872275102	190	12000 SH	SOLE
TECH DATA CORP 	COM	878237106	2650	52100 SH	SOLE
TECK RESOURCES LTD 	CL B	878742204	11761	221821 SH	SOLE
TECO ENERGY INC 	COM	872375100	362	19300 SH	SOLE
TELEFLEX INC 	COM	879369106	1473	25400 SH	SOLE
TEMPUR PEDIC INTL INC 	COM	88023U101	380	7500 SH	SOLE
TEREX CORP NEW 	COM	880779103	402	10864 SH	SOLE
TEVA PHARMACEUTICAL INDS LTD 	ADR	881624209	3152	62825 SH	SOLE
THERMO FISHER SCIENTIFIC INC 	COM	883556102	319	5750 SH	SOLE
TIDELANDS BANCSHARES INC 	COM	886374107	15	22663 SH	SOLE
TIME WARNER INC 	COM NEW	887317303	21912	613785 SH	SOLE
TOLL BROTHERS INC 	COM	889478103	2234	113000 SH	SOLE
TUPPERWARE BRANDS CORP 	COM	899896104	28665	480075 SH	SOLE
TUTOR PERINI CORP	COM	901109108	585	24000 SH	SOLE
TWO HBRS INVT CORP 	COM	90187B101	5706	545000 SH	SOLE
UDR INC	COM	902653104	278	11400 SH	SOLE
UNION PAC CORP 	COM	907818108	1495	15200 SH	SOLE
UNITED CMNTY BKS BLAIRSVLE GA 	CAP STK	90984P105	80	34300 SH	SOLE
UNITED PARCEL SERVICE INC 	CL B	911312106	15965	214810 SH	SOLE
UNITED TECHNOLOGIES CORP 	COM	913017109	29400	347313 SH	SOLE
V F CORP 	COM	918204108	1370	13906 SH	SOLE
VALLEY NATL BANCORP 	COM	919794107	1258	90089 SH	SOLE
VEECO INSTRS INC DEL 	COM	922417100	305	6000 SH	SOLE
VENTAS INC 	COM	92276F100	3107	57212 SH	SOLE
VERIZON COMMUNICATIONS INC 	COM	92343V104	7914	205338 SH	SOLE
VISA INC COM 	CL A	92826C839	21622	293702 SH	SOLE
VISTAPRINT NV	SHS	N93540107	353	6800 SH	SOLE
VIVO PARTICIPACOES SA	SPON ADR PFD NEW	92855S200	22213	550100 SH	SOLE
VORNADO RLTY TR 	SH BEN INT	929042109	7412	84708 SH	SOLE
WABASH NATIONAL CORP	COM	929566107	3893	336173 SH	SOLE
WALGREEN CO 	COM	931422109	1269	31608 SH	SOLE
WALT DISNEY CO/THE	COM DISNEY	254687106	20236	469624 SH	SOLE
WALTER ENERGY INC 	COM	93317Q105	1219	9000 SH	SOLE
WEBSTER FINL CORP CONN 	COM	947890109	3853	179801 SH	SOLE
WELLPOINT INC 	COM	94973V107	2694	38600 SH	SOLE
WELLS FARGO & CO NEW 	COM	949746101	31595	996375 SH	SOLE
WERNER ENTERPRISES INC 	COM	950755108	15046	568367 SH	SOLE
WESCO INTL INC 	COM	95082P105	944	15100 SH	SOLE
WESTPORT INNOVATIONS INC COM NEW	COM NEW	960908309	718	32857 SH	SOLE
WESTPORT INNOVATIONS INC COM NEW		960908309	1275	57990 SH	SOLE
WHIRLPOOL CORP 	COM	963320106	1033	12100 SH	SOLE
WORLD FUEL SERVICES CORP	COM	981475106	400	9847 SH	SOLE
XCEL ENERGY INC 	COM	98389B100	1369	57300 SH	SOLE
ZAGG INC	COM	98884U108	246	32700 SH	SOLE