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
1ST CENTURY BANCSHARES INC COM 31943X102 127 20,000 SH   SOLE   0 0 0
3M CO COM 88579Y101 1,829 11,132 SH   SOLE 1 750 0 10,382
ABBOTT LABS COM 002824100 1,127 25,033 SH   SOLE 1 11,800 0 13,233
ABBVIE INC COM 00287Y109 3,235 49,433 SH   SOLE 1 36,600 0 12,833
ABENGOA YIELD PLC ORD SHS G00349103 3,869 141,600 SH   SOLE   0 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 17,931 200,775 SH   SOLE 1 193,700 0 7,075
ACI WORLDWIDE INC COM 004498101 247 12,258 SH   SOLE   0 0 0
ADVISORY BOARD CO/THE COM 00762W107 338 6,895 SH   SOLE   0 0 0
AEGEAN MARINE PETROLEUM NETWRK SHS SHS Y0017S102 1,091 77,826 SH   SOLE   0 0 0
AIR METHODS CORP COM PAR $.06 009128307 1,980 44,980 SH   SOLE 1 32,300 0 12,680
ALEXANDERS INC COM 014752109 8,368 19,142 SH   SOLE 1 7,900 0 11,242
ALEXANDRIA REAL ESTATE EQ INC COM 015271109 4,981 56,128 SH   SOLE 1 51,728 0 4,400
ALLERGAN INC COM 018490102 2,126 10,000 SH   SOLE   0 0 0
ALLIANCE BANCORP INC PA NEW COM 01890A108 270 15,105 SH   SOLE   0 0 0
ALLSCRIPT MISYS HEALTCAR SOLNS COM 01988P108 319 25,000 SH   SOLE   0 0 0
ALPINE GLOBAL PREMIER PPTYS FD COM SBI 02083A103 4,509 625,349 SH   SOLE 1 0 0 625,349
ALPINE TOTAL DYNAMIC DIVID FD COM SH BEN INT N 021060207 3,695 435,269 SH   SOLE 1 0 0 435,269
ALTISOURCE RESIDENTI CL B 02153W100 4,229 217,990 SH   SOLE   0 0 0
AMERCO COM 023586100 4,611 16,220 SH   SOLE 1 11,300 0 4,920
AMERICAN ASSETS TRUST INC COM 024013104 1,040 26,114 SH   SOLE 1 10,864 0 15,250
AMERICAN CAMPUS COMMUNITIES COM 024835100 620 15,000 SH   SOLE   0 0 0
AMERICAN CAPITAL MORTGAGE IN COM 02504A104 6,123 325,000 SH   SOLE   0 0 0
AMERICAN EAGLE OUTFITTERS COM 02553E106 212 15,250 SH   SOLE   0 0 0
AMERICAN ELEC PWR INC COM 025537101 1,299 21,400 SH   SOLE 1 11,000 0 10,400
AMERICAN HOME 4 RENT CL A 02665T306 1,703 100,000 SH   SOLE   0 0 0
AMERICAN REALTY CAPITAL PROP COM 02917T104 7,658 846,200 SH   SOLE 1 830,000 0 16,200
AMERICAN TOWER CORP NEW COM 03027X100 21,604 218,550 SH   SOLE   0 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 9,642 180,900 SH   SOLE   0 0 0
AMERIPRISE FINL INC COM 03076C106 1,005 7,600 SH   SOLE 1 5,500 0 2,100
AMETEK INC NEW COM 031100100 1,753 33,300 SH   SOLE 1 25,000 0 8,300
AMGEN INC COM 031162100 3,289 20,650 SH   SOLE 1 13,150 0 7,500
ANHEUSER-BUSCH INBEV SPONSORED ADR 03524A108 16,444 146,400 SH   SOLE   0 0 0
ANSYS INC COM 03662Q105 783 9,550 SH   SOLE   0 0 0
ANTHEM INC COM 036752103 4,637 36,900 SH   SOLE 1 34,000 0 2,900
APACHE CORP COM 037411105 1,415 22,572 SH   SOLE   0 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 577 35,275 SH   SOLE   0 0 0
APOLLO GLOBAL MANAGEMENT LLC CL A SHS 037612306 1,096 46,500 SH   SOLE   0 0 0
APPLE INC COM 037833100 43,042 389,942 SH   SOLE 1 386,757 0 3,185
APPLIED MATLS INC COM 038222105 12,791 513,300 SH   SOLE   0 0 0
ARATANA THERAPEUTICS INC COM 03874P101 321 18,000 SH   SOLE   0 0 0
ARES MANAGEMENT LP COM UNIT RP IN 04014Y101 746 43,515 SH   SOLE   0 0 0
AT&T INC COM 00206R102 4,016 119,546 SH   SOLE 1 108,100 0 11,446
ATLANTIC COAST FED CORP COM 048426100 328 82,636 SH   SOLE   0 0 0
ATLAS FINANCIAL HOLDINGS INC SHS NEW G06207115 196 12,000 SH   SOLE   0 0 0
ATMOS ENERGY CORP COM 049560105 2,140 38,400 SH   SOLE   0 0 0
AVAGO TECHNOLOGIES LTD SHS Y0486S104 24,051 239,100 SH   SOLE 1 236,100 0 3,000
AVALONBAY CMNTYS INC COM 053484101 13,173 80,625 SH   SOLE   0 0 0
AZZ INC COM 002474104 221 4,720 SH   SOLE   0 0 0
BANC OF CALIFORNIA INC. COM 05990k106 274 23,895 SH   SOLE   0 0 0
BANCO DE CHILE SPONSORED ADR 059520106 1,113 16,139 SH   SOLE   0 0 0
BANK COMM HLDGS COM 06424J103 276 46,381 SH   SOLE   0 0 0
BANK MUTUAL CORP COM 063750103 69 10,000 SH   SOLE   0 0 0
BANK OF AMERICA CORPORATION COM 060505104 21,532 1,203,590 SH   SOLE 1 1,035,315 0 168,275
BANK OF NEW YORK MELLON CORP COM 064058100 1,816 44,766 SH   SOLE 1 0 0 44,766
BANKUNITED INC COM 06652K103 290 10,000 SH   SOLE   0 0 0
BANKWELL FINANCIAL GROUP INC COM 06654A103 630 30,000 SH   SOLE   0 0 0
BECTON DICKINSON & CO COM 075887109 3,402 24,450 SH   SOLE 1 19,450 0 5,000
BGC PARTNERS INC CL A 05541T101 229 25,000 SH   SOLE   0 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 677 20,000 SH   SOLE   0 0 0
BOSTON PROPERTIES INC COM 101121101 17,600 136,761 SH   SOLE 1 131,611 0 5,150
BRISTOW GROUP INC COM 110394103 2,118 32,200 SH   SOLE 1 16,800 0 15,400
C1 FINANCIAL INC COM 12591N109 261 14,254 SH   SOLE   0 0 0
CALIFORNIA UTD BK ENCINO CA COM 126534106 813 37,500 SH   SOLE   0 0 0
CALLIDUS SOFTWARE INC COM 13123E500 343 21,000 SH   SOLE   0 0 0
CAMDEN PPTY TR SH BEN INT 133131102 1,551 21,000 SH   SOLE   0 0 0
CAMPUS CREST COMMUNITIES, INC. COM 13466Y105 278 38,000 SH   SOLE   0 0 0
CANADIAN PACIFIC RAILWAY LTD COM 13645T100 25,339 131,500 SH   SOLE   0 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,711 20,728 SH   SOLE 1 12,000 0 8,728
CARDINAL HEALTH INC COM 14149Y108 635 7,861 SH   SOLE   0 0 0
CARDTRONICS INC COM 14161H108 274 7,100 SH   SOLE   0 0 0
CARLISLE COS INC COM 142339100 237 2,628 SH   SOLE 1 0 0 2,628
CARLYLE GROUP/THE COM UTS LTD PTN 14309L102 550 20,000 SH   SOLE   0 0 0
CAROLINA TRUST BANK COM 144200102 537 106,783 SH   SOLE   0 0 0
CARTER'S INC COM 146229109 15,148 173,500 SH   SOLE   0 0 0
CBL & ASSOC PPTYS INC COM 124830100 8,963 461,544 SH   SOLE   0 0 0
CBS CORP NEW CL B 124857202 9,087 164,200 SH   SOLE   0 0 0
CELADON GROUP INC COM 150838100 289 12,755 SH   SOLE   0 0 0
CENTERSTATE BANKS INC COM 15201P109 149 12,493 SH   SOLE   0 0 0
CENTRAL FED CORP COM NEW 15346Q202 134 109,634 SH   SOLE   0 0 0
CENTURY COMMUNITIES INC COM 156504300 518 30,000 SH   SOLE   0 0 0
CERNER CORP COM 156782104 2,198 34,000 SH   SOLE   0 0 0
CHART INDUSTRIES INC COM PAR $0.01 16115Q308 503 14,700 SH   SOLE   0 0 0
CHATHAM LODGING TR COM 16208T102 1,096 37,842 SH   SOLE   0 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 1,476 39,658 SH   SOLE   0 0 0
CHEVRON CORP NEW COM 166764100 14,644 130,536 SH   SOLE 1 128,450 0 2,086
CHUBB CORP COM 171232101 1,087 10,505 SH   SOLE   0 0 0
CIA SANEAMENTO BASICO DE SPONSORED ADR 20441A102 1,638 260,400 SH   SOLE   0 0 0
CINEMARK HOLDINGS INC COM 17243V102 2,170 61,000 SH   SOLE   0 0 0
CISCO SYS INC COM 17275R102 15,873 570,650 SH   SOLE   0 0 0
CITIGROUP INC COM NEW 172967424 15,840 292,729 SH   SOLE   0 0 0
CITIZENS FIRST CORP COM 17462Q107 315 26,734 SH   SOLE   0 0 0
CLOROX CO DEL COM 189054109 10,832 103,940 SH   SOLE 1 97,600 0 6,340
CME GROUP INC COM 12572Q105 7,890 89,000 SH   SOLE 1 83,500 0 5,500
CMS ENERGY CORP COM 125896100 18,247 525,100 SH   SOLE 1 513,200 0 11,900
COLGATE PALMOLIVE CO COM 194162103 7,832 113,200 SH   SOLE   0 0 0
COLONY FINL INC COM 19624R106 30,280 1,271,207 SH   SOLE   0 0 0
COMCAST CORP NEW CL A 20030N101 10,300 177,561 SH   SOLE   0 0 0
COMERICA INC COM 200340107 304 6,495 SH   SOLE   0 0 0
CONSOLIDATED EDISON INC COM 209115104 885 13,400 SH   SOLE 1 0 0 13,400
CORESITE REALTY CORP COM 21870Q105 1,491 38,171 SH   SOLE   0 0 0
CORRECTIONS CORP OF AMERICA COM NEW 22025Y407 10,030 276,000 SH   SOLE   0 0 0
COUSINS PPTYS INC COM 222795106 424 37,087 SH   SOLE   0 0 0
COVIDIEN PLC SHS G2554F113 21,612 211,300 SH   SOLE   0 0 0
COWEN GROUP INC NEW CL A 223622101 114 23,823 SH   SOLE   0 0 0
CRACKER BARREL OLD COUNTRY COM 22410J106 2,534 18,000 SH   SOLE 1 15,000 0 3,000
CRAY INC COM NEW 225223304 267 7,758 SH   SOLE   0 0 0
CROWN CASTLE INTL CORP COM 22822V101 3,203 40,700 SH   SOLE   0 0 0
CTS CORP COM 126501105 282 15,842 SH   SOLE   0 0 0
CUMULUS MEDIA INC CL A 231082108 396 93,570 SH   SOLE   0 0 0
CVS CAREMARK CORPORATION COM 126650100 3,689 38,300 SH   SOLE   0 0 0
D R HORTON INC COM 23331A109 17,233 681,426 SH   SOLE 1 655,000 0 26,426
DAVITA INC COM 23918K108 576 7,600 SH   SOLE   0 0 0
DDR CORP COM 23317H102 419 22,840 SH   SOLE   0 0 0
DEAN FOODS CO COM NEW 242370203 8,752 451,600 SH   SOLE   0 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 8,145 112,000 SH   SOLE   0 0 0
DELUXE CORP COM 248019101 5,111 82,100 SH   SOLE 1 67,000 0 15,100
DESCARTES SYSTEMS GRP/THE COM 249906108 320 21,581 SH   SOLE   0 0 0
DIAGEO PLC SPON ADR NEW 25243Q205 628 5,500 SH   SOLE   0 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 1,041 70,000 SH   SOLE   0 0 0
DIGITAL REALTY TRUST INC COM 253868103 12,929 195,000 SH   SOLE 1 182,100 0 12,900
DISH NETWORK CORP. CL A 25470M109 3,266 44,800 SH   SOLE   0 0 0
DOMINION RES INC VA NEW COM 25746U109 2,945 38,300 SH   SOLE   0 0 0
DOUGLAS EMMETT INC COM 25960P109 1,832 64,509 SH   SOLE   0 0 0
DOVER CORP COM 260003108 224 3,126 SH   SOLE   0 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 1,494 20,200 SH   SOLE   0 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 1,338 16,019 SH   SOLE 1 6,000 0 10,019
DUPONT FABROS TECHNOLOGY INC COM 26613Q106 1,341 40,352 SH   SOLE   0 0 0
DYCOM INDUSTRIES INC COM 267475101 593 16,891 SH   SOLE   0 0 0
E HOUSE CHINA HLDGS LTD ADR 26852W103 2,063 285,000 SH   SOLE   0 0 0
E M C CORP MASS COM 268648102 18,299 615,300 SH   SOLE   0 0 0
EASTMAN CHEMICAL CO COM 277432100 3,125 41,200 SH   SOLE 1 27,500 0 13,700
EDWARDS LIFESCIENCES CORP COM 28176E108 1,548 12,156 SH   SOLE   0 0 0
EMPIRE STATE REALTY TRUST IN CL A 292104106 799 45,455 SH   SOLE   0 0 0
EMPLOYERS HOLDINGS INC COM 292218104 366 15,582 SH   SOLE   0 0 0
EMPRESAS ICA S A DE CV SPONS ADR NEW 292448206 2,049 416,500 SH   SOLE   0 0 0
ENBRIDGE INC COM 29250N105 20,817 404,900 SH   SOLE   0 0 0
ENERGIZER HLDGS INC COM 29266R108 15,588 121,250 SH   SOLE   0 0 0
ENERSIS S.A. SPONSORED ADR 29274F104 2,220 138,500 SH   SOLE   0 0 0
EPR PROPERTIES COM SH BEN INT 26884U109 635 11,012 SH   SOLE   0 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 1,490 28,900 SH   SOLE   0 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 4,911 68,360 SH   SOLE   0 0 0
ESSEX PPTY TR INC COM 297178105 4,889 23,665 SH   SOLE   0 0 0
EXAMWORKS GROUP INC COM 30066A105 318 7,650 SH   SOLE   0 0 0
EXELON CORP COM 30161N101 1,566 42,236 SH   SOLE   0 0 0
EXPRESS SCRIPTS INC COM 30219G108 6,875 81,197 SH   SOLE 1 51,584 0 29,613
EXTENDED STAY AMERICA INC UNIT 99/99/9999B 30224P200 7,361 381,193 SH   SOLE   0 0 0
EXTRA SPACE STORAGE INC COM 30225T102 938 16,000 SH   SOLE   0 0 0
EXXON MOBIL CORP COM 30231G102 11,705 126,611 SH   SOLE 1 112,900 0 13,711
FCB FINANCIAL HOLDINGS INC CL A 30255G103 508 20,619 SH   SOLE   0 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 1,615 12,100 SH   SOLE   0 0 0
FEDEX CORP COM 31428X106 21,091 121,450 SH   SOLE 1 110,100 0 11,350
FIFTH STREET ASSET MGMT CL A COM 31679P109 1,116 80,000 SH   SOLE   0 0 0
FIFTH STREET FINANCE CORP COM 31678A103 160 20,000 SH   SOLE   0 0 0
FIRST BANCORP P R COM NEW 318672706 235 40,000 SH   SOLE   0 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 407 8,497 SH   SOLE   0 0 0
FIRST INTERNET BANCORP COM 320557101 232 13,850 SH   SOLE   0 0 0
FIRSTENERGY CORP COM 337932107 476 12,200 SH   SOLE 1 0 0 12,200
FISERV INC COM 337738108 3,201 45,100 SH   SOLE 1 40,000 0 5,100
FLEETMATICS GROUP LTD COM G35569105 228 6,422 SH   SOLE   0 0 0
FLIR SYS INC COM 302445101 2,378 73,600 SH   SOLE   0 0 0
FORTRESS INVESTMENT GROUP LLC CL A 34958B106 2,999 374,000 SH   SOLE   0 0 0
FREEPORT-MCMORAN COPPER & GOLD CL B 35671D857 4,917 210,500 SH   SOLE   0 0 0
G & K SERVICES INC CL A 361268105 2,912 41,100 SH   SOLE 1 31,000 0 10,100
GARMIN LTD SHS H2906T109 940 17,800 SH   SOLE   0 0 0
GATX CORP COM 361448103 3,337 58,000 SH   SOLE 1 40,500 0 17,500
GENERAC HOLDINGS INC COM 368736104 1,894 40,500 SH   SOLE 1 36,000 0 4,500
GENERAL ELECTRIC CO COM 369604103 5,289 209,284 SH   SOLE 1 111,000 0 98,284
GENERAL GROWTH PPTYS INC COM 370023103 2,560 91,018 SH   SOLE   0 0 0
GENESEE & WYOMING INC CL A 371559105 3,507 39,000 SH   SOLE   0 0 0
GEO GROUP INC COM 36162J106 13,149 325,800 SH   SOLE   0 0 0
GILEAD SCIENCES INC COM 375558103 2,234 23,700 SH   SOLE 1 16,300 0 7,400
GLACIER BANCORP INC NEW COM 37637Q105 714 25,700 SH   SOLE 1 0 0 25,700
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 427 10,000 SH   SOLE   0 0 0
GOOGLE INC CL C 38259P706 5,690 10,810 SH   SOLE 1 9,275 0 1,535
GOOGLE INC CL A 38259P508 5,736 10,810 SH   SOLE 1 9,275 0 1,535
GRAINGER W W INC COM 384802104 1,504 5,900 SH   SOLE 1 5,000 0 900
GRANA Y MONTERO SA SPONSORED ADR 38500P208 2,141 169,400 SH   SOLE   0 0 0
GREEN BANCORP INC COM 39260X100 120 10,000 SH   SOLE   0 0 0
GREENBRIER COMPANIES INC COM 393657101 806 15,000 SH   SOLE   0 0 0
GREENHILL & CO INC COM 395259104 349 8,000 SH   SOLE   0 0 0
GRUPO AEROPORTUARIO SUR SPON ADR SER B 40051E202 2,531 19,200 SH   SOLE   0 0 0
GRUPO AVAL ACCIONES Y VALORE SPONSORED ADS 40053W101 260 25,000 SH   SOLE   0 0 0
HALLIBURTON CO COM 406216101 4,759 121,000 SH   SOLE   0 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 1,426 34,200 SH   SOLE   0 0 0
HCA HOLDINGS INC COM 40412C101 7,743 105,500 SH   SOLE   0 0 0
HCP INC COM 40414L109 3,173 72,072 SH   SOLE   0 0 0
HEALTH CARE REIT INC COM 42217K106 1,877 24,803 SH   SOLE   0 0 0
HEALTH INSURANCE INNOVATIONS COM CL A 42225K106 801 111,923 SH   SOLE   0 0 0
HENRY SCHEIN INC COM 806407102 3,533 25,950 SH   SOLE 1 17,500 0 8,450
HERBALIFE LTD COM USD SHS G4412G101 264 7,000 SH   SOLE   0 0 0
HESS CORP COM 42809H107 480 6,500 SH   SOLE   0 0 0
HEWLETT PACKARD CO COM 428236103 789 19,650 SH   SOLE 1 12,700 0 6,950
HILTON WORLDWIDE HOLDINGS IN COM 43300A104 7,436 285,000 SH   SOLE   0 0 0
HOME DEPOT INC COM 437076102 2,026 19,300 SH   SOLE 1 13,000 0 6,300
HOME PROPERTIES INC COM 437306103 2,329 35,500 SH   SOLE   0 0 0
HORMEL FOODS CORP COM 440452100 469 9,000 SH   SOLE 1 0 0 9,000
HOST HOTELS & RESORTS INC COM 44107P104 2,028 85,318 SH   SOLE   0 0 0
HOVNANIAN ENTERPRISES INC CL A 442487203 41 10,000 SH   SOLE 1 0 0 10,000
HOWARD HUGHES CORP COM 44267D107 7,173 55,000 SH   SOLE   0 0 0
HUDSON PACIFIC PROPERTIES IN COM 444097109 322 10,714 SH   SOLE   0 0 0
HUMANA INC COM 444859102 16,287 113,400 SH   SOLE   0 0 0
ILLUMINA INC COM 452327109 5,667 30,700 SH   SOLE   0 0 0
IMPERIAL HOLDINGS INC COM 452834104 431 66,113 SH   SOLE   0 0 0
INTEGRATED DEVICE TECH INC COM 458118106 245 12,496 SH   SOLE   0 0 0
INTEL CORP COM 458140100 1,400 38,584 SH   SOLE 1 0 0 38,584
INTERCONTINENTALEXCHANGE INC COM 45866F104 385 1,757 SH   SOLE   0 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 16,227 101,140 SH   SOLE 1 84,950 0 16,190
INTERNATIONAL PAPER CO COM 460146103 300 5,600 SH   SOLE 1 0 0 5,600
INTL FLAVORS & FRAGRANCES COM 459506101 2,914 28,750 SH   SOLE 1 16,400 0 12,350
INTL GAME TECHNOLOGY COM 459902102 621 36,000 SH   SOLE   0 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602 3,015 5,700 SH   SOLE 1 5,100 0 600
INVENSENSE INC COM 46123D205 367 22,574 SH   SOLE   0 0 0
INVESCO LTD SHS G491BT108 11,540 292,000 SH   SOLE   0 0 0
INVESTAR HOLDING CORP COM 46134L105 1,247 90,000 SH   SOLE   0 0 0
IPG PHOTONICS CORP COM 44980X109 787 10,500 SH   SOLE   0 0 0
IROBOT CORP COM 462726100 385 11,100 SH   SOLE   0 0 0
ISIS PHARMACEUTICALS INC COM 464330109 617 10,000 SH   SOLE   0 0 0
ITC HLDGS CORP COM 465685105 2,482 61,400 SH   SOLE 1 51,100 0 10,300
ITRON INC COM 465741106 1,269 30,000 SH   SOLE   0 0 0
JARDEN CORP COM 471109108 1,307 27,300 SH   SOLE 1 22,200 0 5,100
JAZZ PHARMACEUTICALS PLC SHS USD G50871105 5,022 30,670 SH   SOLE 1 23,900 0 6,770
JOHNSON & JOHNSON COM 478160104 15,924 152,279 SH   SOLE 1 45,422 0 106,857
JPMORGAN CHASE & CO COM 46625H100 5,496 87,827 SH   SOLE 1 62,500 0 25,327
JUNIPER NETWORKS INC COM 48203R104 625 28,000 SH   SOLE   0 0 0
JUST ENERGY GROUP INC COM 48213W101 63 12,000 SH   SOLE 1 0 0 12,000
KAR AUCTION SERVICES INC COM 48238T109 15,388 444,100 SH   SOLE   0 0 0
KENNEDY-WILSON HLDGS INC COM 489398107 539 21,288 SH   SOLE   0 0 0
KILROY RLTY CORP COM 49427F108 9,772 141,473 SH   SOLE   0 0 0
KIMCO REALTY CORP COM 49446R109 1,257 50,000 SH   SOLE   0 0 0
KINDER MORGAN HOLDCO LLC COM 49456B101 889 21,000 SH   SOLE   0 0 0
KITE PHARMA INC COM 49803L109 577 10,000 SH   SOLE   0 0 0
KKR & CO L P DEL COM UNITS 48248M102 416 17,900 SH   SOLE   0 0 0
KRAFT FOODS GROUP COM 50076Q106 226 3,600 SH   SOLE 1 0 0 3,600
L-3 COMMUNICATIONS HLDGS INC COM 502424104 656 5,200 SH   SOLE   0 0 0
LA QUINTA HOLDINGS INC COM 50420D108 11,941 541,316 SH   SOLE   0 0 0
LAS VEGAS SANDS CORP COM 517834107 3,199 55,000 SH   SOLE   0 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 486 12,000 SH   SOLE   0 0 0
LAZARD LTD SHS A G54050102 7,144 142,800 SH   SOLE   0 0 0
LEJU HOLDINGS LTD SPONSORED ADS 50187J108 154 14,350 SH   SOLE   0 0 0
LENNAR CORP CL A 526057104 23,221 518,200 SH   SOLE 1 496,000 0 22,200
LENNAR CORP CL B 526057302 492 13,620 SH   SOLE   0 0 0
LGI HOMES INC COM 50187T106 671 44,995 SH   SOLE   0 0 0
LIBERTY PROPERTY TRUST SH BEN INT 531172104 892 23,708 SH   SOLE   0 0 0
LIBERTY TAX INC CL A 53128T102 596 16,675 SH   SOLE   0 0 0
LIFE TIME FITNESS INC COM 53217R207 2,480 43,800 SH   SOLE 1 25,000 0 18,800
LIGAND PHARMACEUTICALS INC COM NEW 53220K504 360 6,758 SH   SOLE   0 0 0
LINCOLN ELEC HLDGS INC COM 533900106 1,686 24,400 SH   SOLE 1 15,000 0 9,400
LINEAR TECHNOLOGY CORP COM 535678106 730 16,000 SH   SOLE   0 0 0
LIVE NATION ENTERTAINMENT IN COM 538034109 244 9,327 SH   SOLE   0 0 0
LOCKHEED MARTIN CORP COM 539830109 3,409 17,700 SH   SOLE 1 15,200 0 2,500
LPL FINANCIAL HOLDINGS COM 50212V100 217 4,869 SH   SOLE   0 0 0
LYONDELLBASELL INDU SHS - A - N53745100 5,534 69,700 SH   SOLE   0 0 0
M & T BK CORP COM 55261F104 9,887 78,705 SH   SOLE 1 0 0 78,705
MACERICH CO COM 554382101 4,081 48,928 SH   SOLE   0 0 0
MALLINCKRODT PLC SHS G5785G107 1,277 12,894 SH   SOLE   0 0 0
MARATHON PETROLEUM CORP COM 56585A102 4,730 52,400 SH   SOLE   0 0 0
MASTEC INC COM 576323109 2,801 123,900 SH   SOLE   0 0 0
MAXIMUS INC COM 577933104 2,907 53,000 SH   SOLE 1 20,000 0 33,000
MCDONALDS CORP COM 580135101 7,899 84,300 SH   SOLE   0 0 0
MCKESSON CORP COM 58155Q103 25,636 123,500 SH   SOLE 1 112,600 0 10,900
MEDALLION FINL CORP COM 583928106 867 86,643 SH   SOLE 1 59,843 0 26,800
MEDIVATION INC COM 58501N101 398 4,000 SH   SOLE   0 0 0
MEDLEY CAPITAL CORP COM 58503F106 277 30,000 SH   SOLE   0 0 0
MEDNAX INC COM 58502B106 6,109 92,400 SH   SOLE 1 57,300 0 35,100
MELCO CROWN ENTERTAINME ADR 585464100 3,204 126,150 SH   SOLE   0 0 0
MERCK & CO INC NEW COM 58933Y105 7,184 126,500 SH   SOLE 1 119,000 0 7,500
MERITAGE HOMES CORP COM 59001A102 4,171 115,899 SH   SOLE   0 0 0
META FINANCIAL GROUP INC COM 59100U108 448 12,793 SH   SOLE   0 0 0
METLIFE INC COM 59156R108 1,006 18,600 SH   SOLE   0 0 0
MFA FINANCIAL INC COM 55272X102 3,196 400,000 SH   SOLE   0 0 0
MIDDLEBY CORP COM 596278101 832 8,400 SH   SOLE 1 6,000 0 2,400
MITEK SYSTEMS INC COM NEW 606710200 45 13,700 SH   SOLE   0 0 0
MOBILEYE NV ORD SHS N51488117 365 9,010 SH   SOLE   0 0 0
MOELIS & CO CL A 60786M105 302 8,654 SH   SOLE   0 0 0
MONARCH FINANCIAL HOLDINGS INC COM 60907Q100 203 14,760 SH   SOLE   0 0 0
MONDELEZ INTERN CL A 609207105 15,227 419,200 SH   SOLE   0 0 0
MYLAN INC COM 628530107 293 5,200 SH   SOLE   0 0 0
MYRIAD GENETICS INC COM 62855J104 681 20,000 SH   SOLE   0 0 0
NASDAQ OMX GROUP INC COM 631103108 216 4,500 SH   SOLE   0 0 0
NATIONAL GRID PLC SPON ADR NEW 636274300 2,077 29,400 SH   SOLE   0 0 0
NATIONAL RESEARCH CORP CL B 637372301 381 10,595 SH   SOLE   0 0 0
NATUS MEDICAL INC COM 639050103 422 11,699 SH   SOLE   0 0 0
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NEWLINK GENETICS CORP COM 651511107 1,193 30,000 SH   SOLE   0 0 0
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NEXSTAR BROADCASTING GROUP CL A 65336K103 549 10,594 SH   SOLE   0 0 0
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NN INC COM 629337106 448 21,790 SH   SOLE   0 0 0
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NORTHROP GRUMMAN CORP COM 666807102 2,271 15,407 SH   SOLE 1 11,200 0 4,207
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NORTHSTAR REALTY FINANCE COM NEW 66704R704 1,773 100,872 SH   SOLE   0 0 0
NOVARTIS A G SPONSORED ADR 66987V109 25,884 279,339 SH   SOLE 1 275,572 0 3,767
NRG ENERGY INC COM NEW 629377508 2,024 75,100 SH   SOLE   0 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 9,439 117,100 SH   SOLE   0 0 0
OCH ZIFF CAP MGMT GROUP CL A 67551U105 1,924 164,700 SH   SOLE   0 0 0
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OLD LINE BANCSHARES INC COM 67984M100 790 49,926 SH   SOLE   0 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 1,188 30,413 SH   SOLE   0 0 0
OPUS BANK COM 684000102 284 10,000 SH   SOLE   0 0 0
ORASURE TECHNOLOGIES INC COM 68554V108 355 35,000 SH   SOLE   0 0 0
OUTFRONT MEDIA INC COM 69007J106 835 31,100 SH   SOLE   0 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 96 13,602 SH   SOLE   0 0 0
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PALL CORP COM 696429307 506 5,000 SH   SOLE   0 0 0
PARAMOUNT GROUP INC COM 69924R108 2,538 136,499 SH   SOLE   0 0 0
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PDF SOLUTIONS INC COM 693282105 164 11,057 SH   SOLE   0 0 0
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PENN VA CORP COM 707882106 601 90,000 SH   SOLE   0 0 0
PENNYMAC FINANCIAL SERVICE CL A 70932B101 1,211 70,001 SH   SOLE   0 0 0
PENSKE AUTOMOTIVE GROUP, INC. COM 70959W103 12,125 247,100 SH   SOLE   0 0 0
PERRIGO CO Plc SHS G97822103 1,655 9,900 SH   SOLE 1 8,700 0 1,200
PFIZER INC COM 717081103 1,999 64,178 SH   SOLE 1 41,000 0 23,178
PG&E CORP COM 69331C108 335 6,300 SH   SOLE 1 0 0 6,300
PHILLIPS 66 COM 718546104 11,006 153,500 SH   SOLE   0 0 0
PHOENIX COMPANIES INC COM NEW 71902E604 393 5,700 SH   SOLE   0 0 0
PINNACLE FOODS INC COM 72348P104 15,998 453,200 SH   SOLE   0 0 0
PNC FINL SVCS GROUP INC COM 693475105 502 5,500 SH   SOLE   0 0 0
POPULAR INC COM NEW 733174700 238 7,000 SH   SOLE   0 0 0
PPG INDS INC COM 693506107 1,017 4,400 SH   SOLE   0 0 0
PRA GROUP INC COM 69354N106 501 8,650 SH   SOLE   0 0 0
PRECISION CASTPARTS CORP COM 740189105 3,695 15,341 SH   SOLE 1 12,700 0 2,641
PRICELINE GROUP INC COM NEW 741503403 616 540 SH   SOLE 1 300 0 240
PROCTER & GAMBLE CO COM 742718109 2,868 31,486 SH   SOLE 1 12,050 0 19,436
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PROLOGIS INC COM 74340W103 4,544 105,592 SH   SOLE   0 0 0
PROTO LABS INC COM 743713109 336 5,000 SH   SOLE   0 0 0
PROVIDENCE SERVICE CORP COM 743815102 337 9,246 SH   SOLE   0 0 0
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PRUDENTIAL FINL INC COM 744320102 12,447 137,600 SH   SOLE   0 0 0
PUBLIC STORAGE COM 74460D109 5,040 27,265 SH   SOLE   0 0 0
PULTE GROUP INC COM 745867101 1,285 59,872 SH   SOLE 1 45,976 0 13,896
PVH CORP COM 693656100 641 5,000 SH   SOLE   0 0 0
QUALCOMM INC COM 747525103 20,659 277,938 SH   SOLE 1 271,600 0 6,338
QUALITY SYS INC COM 747582104 193 12,353 SH   SOLE   0 0 0
RADNET INC COM 750491102 157 18,336 SH   SOLE 1 0 0 18,336
RAYTHEON CO COM NEW 755111507 11,976 110,713 SH   SOLE 1 105,800 0 4,913
RCS CAPITAL CORP COM CL A 74937W102 2,678 218,819 SH   SOLE   0 0 0
REGENERON PHARMACEUTICALS COM 75886F107 1,026 2,500 SH   SOLE 1 1,500 0 1,000
REGIONS FINANCIAL CORP NEW COM 7591EP100 14,735 1,395,371 SH   SOLE   0 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 274 73,000 SH   SOLE   0 0 0
RESMED INC COM 761152107 841 15,000 SH   SOLE   0 0 0
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ROSS STORES INC COM 778296103 2,564 27,200 SH   SOLE   0 0 0
RR DONNELLEY & SONS CO COM 257867101 5,546 330,000 SH   SOLE   0 0 0
RUCKUS WIRELESS INC COM 781220108 296 24,646 SH   SOLE   0 0 0
RYDER SYSTEM INC COM 783549108 15,775 169,900 SH   SOLE   0 0 0
RYLAND GROUP INC COM 783764103 17,591 456,200 SH   SOLE   0 0 0
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SAFEWAY INC COM NEW 786514208 889 25,300 SH   SOLE   0 0 0
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SCANA CORP NEW COM 80589M102 525 8,700 SH   SOLE 1 200 0 8,500
SCHLUMBERGER LTD COM 806857108 8,430 98,700 SH   SOLE   0 0 0
SCORPIO TANKERS INC SHS Y7542C106 10,164 1,169,597 SH   SOLE   0 0 0
SELECT MEDICAL HOLDINGS CORP COM 81619Q105 432 30,000 SH   SOLE   0 0 0
SEMGROUP CORP CL A 81663A105 2,175 31,800 SH   SOLE   0 0 0
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SIGMA ALDRICH CORP COM 826552101 2,045 14,900 SH   SOLE 1 10,000 0 4,900
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SIMON PPTY GROUP INC NEW COM 828806109 39,435 216,542 SH   SOLE 1 212,960 0 3,582
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SNAP ON INC COM 833034101 24,155 176,650 SH   SOLE 1 160,150 0 16,500
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SOUTHERN CO COM 842587107 388 7,900 SH   SOLE 1 400 0 7,500
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STANDARD PAC CORP NEW COM 85375C101 115 15,800 SH   SOLE 1 0 0 15,800
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SUMMIT ST BK SANTA ROSA CALIF COM 866264203 508 37,000 SH   SOLE   0 0 0
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SVB FINANCIAL GROUP COM 78486Q101 414 3,571 SH   SOLE   0 0 0
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SYNOVUS FINL CORP COM NEW 87161C501 497 18,335 SH   SOLE   0 0 0
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TAL INTERNATIONAL GROUP INC COM 874083108 732 16,800 SH   SOLE   0 0 0
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TELEFLEX INC COM 879369106 1,734 15,100 SH   SOLE 1 10,500 0 4,600
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TEVA PHARMACEUTICAL INDS LTD ADR 881624209 23,218 403,727 SH   SOLE 1 391,700 0 12,027
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THERMO FISHER SCIENTIFIC INC COM 883556102 19,514 155,750 SH   SOLE 1 151,600 0 4,150
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TJX COS INC NEW COM 872540109 17,310 252,400 SH   SOLE   0 0 0
TOLL BROTHERS INC COM 889478103 1,528 44,600 SH   SOLE 1 35,000 0 9,600
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UDR INC COM 902653104 1,137 36,900 SH   SOLE   0 0 0
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UMPQUA HLDGS CORP COM 904214103 612 36,000 SH   SOLE   0 0 0
UNION PAC CORP COM 907818108 16,924 142,060 SH   SOLE 1 111,860 0 30,200
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UNITED RENTALS INC COM 911363109 1,734 17,000 SH   SOLE 1 10,500 0 6,500
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UNITEDHEALTH GROUP INC COM 91324P102 9,190 90,906 SH   SOLE   0 0 0
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V F CORP COM 918204108 3,567 47,620 SH   SOLE 1 36,620 0 11,000
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VALSPAR CORP COM 920355104 2,015 23,300 SH   SOLE 1 14,000 0 9,300
VENTAS INC COM 92276F100 5,500 76,712 SH   SOLE 1 56,212 0 20,500
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VISA INC COM CL A 92826C839 205 780 SH   SOLE   0 0 0
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VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 19,731 577,448 SH   SOLE   0 0 0
VORNADO RLTY TR SH BEN INT 929042109 6,116 51,957 SH   SOLE 1 46,117 0 5,840
WALGREENS BOOTS ALLIANCE INC COM 931427108 22,917 300,750 SH   SOLE 1 293,050 0 7,700
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WASHINGTON TRUST BANCORP COM 940610108 542 13,500 SH   SOLE 1 8,000 0 5,500
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WELLS FARGO & CO NEW COM 949746101 62,641 1,142,674 SH   SOLE 1 221,619 0 921,055
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WHIRLPOOL CORP COM 963320106 2,596 13,400 SH   SOLE 1 4,000 0 9,400
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XCEL ENERGY INC COM 98389B100 2,601 72,400 SH   SOLE   0 0 0
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ZIMMER HOLDINGS INC COM 98956P102 3,857 34,010 SH   SOLE 1 22,500 0 11,510
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