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
ALLERGAN PLC SHS G0177J108 44,421 165,730 SH   DFND 1 165,730 0 0
INGERSOLL-RAND PLC SHS G47791101 25,430 410,100 SH   DFND 1 410,100 0 0
INVESCO LTD SHS G491BT108 4,862 158,000 SH   DFND 1 158,000 0 0
MEDTRONIC PLC SHS G5960L103 38,355 511,400 SH   DFND 1 511,400 0 0
TE CONNECTIVITY LTD REG SHS H84989104 18,514 299,000 SH   DFND 1 299,000 0 0
MYLAN N V SHS EURO N59465109 38,030 820,500 SH   DFND 1 820,500 0 0
SENSATA TECHNOLOGIES HLDG NV SHS N7902X106 13,077 336,700 SH   DFND 1 336,700 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 33,558 408,500 SH   DFND 1 408,500 0 0
AT&T INC COM 00206R102 17,862 456,000 SH   DFND 1 456,000 0 0
ABBOTT LAB COM 002824100 51,678 1,235,426 SH   DFND 1 1,235,426 0 0
ABBVIE INC COM 00287Y109 21,991 385,000 SH   DFND 1 385,000 0 0
ACTIVISION BLIZZARD INC COM 00507V109 18,274 540,000 SH   DFND 1 540,000 0 0
AETNA INC COM 00817Y108 38,278 340,700 SH   DFND 1 340,700 0 0
AFFILIATED MANAGERS GROUP INC COM 008252108 25,326 155,950 SH   DFND 1 155,950 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 18,794 338,200 SH   DFND 1 338,200 0 0
ALBEMARLE CORP COM 012653101 16,786 262,576 SH   DFND 1 262,576 0 0
ALEXANDRIA REAL ESTATE EQUITIES INC COM 015271109 3,015 33,170 SH   DFND 1 33,170 0 0
ALPHABET INC CAP STK CL A 02079K305 91,559 120,015 SH   DFND 1 120,015 0 0
ALTRIA GROUP INC COM 02209S103 8,296 132,400 SH   DFND 1 132,400 0 0
AMERICAN EXPRESS CO COM 025816109 23,602 384,400 SH   DFND 1 384,400 0 0
AMERICAN HOMES 4 RENT COM 02665T306 1,312 82,500 SH   DFND 1 82,500 0 0
AMERICAN INTERNATIONAL GROUP INC COM 026874784 37,024 685,000 SH   DFND 1 685,000 0 0
AMERIPRISE FINL INC COM 03076C106 22,779 242,300 SH   DFND 1 242,300 0 0
AMGEN INC COM 031162100 7,497 50,000 SH   DFND 1 50,000 0 0
ANADARKO PETRO CORP COM 032511107 28,990 622,500 SH   DFND 1 622,500 0 0
ANALOG DEVICES INC COM 032654105 19,361 327,100 SH   DFND 1 327,100 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 3,023 72,290 SH   DFND 1 72,290 0 0
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 13,689 799,600 SH   DFND 1 799,600 0 0
APPLE INC COM 037833100 86,930 797,600 SH   DFND 1 797,600 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 1,840 92,900 SH   DFND 1 92,900 0 0
APPLIED MATERIALS INC COM 038222105 30,726 1,450,700 SH   DFND 1 1,450,700 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 23,697 841,500 SH   DFND 1 841,500 0 0
AVALONBAY CMNTYS INC COM 053484101 39,162 205,900 SH   DFND 1 205,900 0 0
BANK OF AMERICA CORP COM 060505104 53,749 3,975,500 SH   DFND 1 3,975,500 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 31,228 220,100 SH   DFND 1 220,100 0 0
BIOGEN INC COMMON COM 09062X103 53,261 204,600 SH   DFND 1 204,600 0 0
BSTN PPTYS INC COM 101121101 6,501 51,160 SH   DFND 1 51,160 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,585 113,000 SH   DFND 1 113,000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 44,671 699,300 SH   DFND 1 699,300 0 0
CMS ENERGY CORP COM 125896100 16,976 400,000 SH   DFND 1 400,000 0 0
CMS ENERGY CORP COM 125896100 68,099 656,500 SH   DFND 1 656,500 0 0
CALIFORNIA RES CORP COM 13057Q107 67 65,373 SH   DFND 1 65,373 0 0
CAMDEN PPTY TR SH BEN INT 133131102 19,198 228,300 SH   DFND 1 228,300 0 0
CARDINAL HLTH INC COM 14149Y108 28,338 345,800 SH   DFND 1 345,800 0 0
CARLYLE GROUP L P COM UTS LTD PTN 14309L102 9,206 545,365 SH   DFND 1 545,365 0 0
CELGENE CORP COM 151020104 51,626 515,800 SH   DFND 1 515,800 0 0
CERNER CORP COM 156782104 32,311 610,100 SH   DFND 1 610,100 0 0
CHEVRON CORP COM 166764100 84,047 881,000 SH   DFND 1 881,000 0 0
CINEMARK HLDGS INC COM 17243V102 12,899 360,000 SH   DFND 1 360,000 0 0
CISCO SYSTEMS INC COM 17275R102 54,050 1,898,500 SH   DFND 1 1,898,500 0 0
CITIGROUP INC COM NEW 172967424 56,104 1,343,800 SH   DFND 1 1,343,800 0 0
CITIZENS FINL GROUP INC COM 174610105 23,055 1,100,500 SH   DFND 1 1,100,500 0 0
COMCAST CORP NEW CL A 20030N101 31,890 522,100 SH   DFND 1 522,100 0 0
COSTCO WHOLESALE CORP NEW COM 22160K105 39,411 250,100 SH   DFND 1 250,100 0 0
CUBESMART COM 229663109 2,264 68,000 SH   DFND 1 68,000 0 0
DCT INDL TR INC COM 233153204 1,520 38,500 SH   DFND 1 38,500 0 0
DDR CORP COM 23317H102 2,334 131,200 SH   DFND 1 131,200 0 0
DANAHER CORP COM 235851102 20,698 218,200 SH   DFND 1 218,200 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 29,851 613,200 SH   DFND 1 613,200 0 0
DIGITAL RLTY TR INC COM 253868103 3,265 36,901 SH   DFND 1 36,901 0 0
WALT DISNEY CO COM 254687106 38,761 390,300 SH   DFND 1 390,300 0 0
DISCOVER FINL SVCS COM 254709108 31,570 620,000 SH   DFND 1 620,000 0 0
DOW CHEMICAL CO COM 260543103 16,682 328,000 SH   DFND 1 328,000 0 0
DUKE RLTY CORP COM NEW 264411505 3,059 135,715 SH   DFND 1 135,715 0 0
DUKE ENERGY CORP COM NEW 26441C204 35,007 433,900 SH   DFND 1 433,900 0 0
EMC CORP COM 268648102 30,962 1,161,800 SH   DFND 1 1,161,800 0 0
EOG RESOURCES INC COM 26875P101 31,217 430,100 SH   DFND 1 430,100 0 0
EPR PPTYS COM SH BEN INT 26884U109 1,232 18,500 SH   DFND 1 18,500 0 0
EASTMAN CHEM CO COM 277432100 15,306 211,900 SH   DFND 1 211,900 0 0
EASTMAN KODAK CO WT EXP 09-03-2018 *W EXP 09/03/201 277461133 0 13 SH   DFND 1 13 0 0
EASTMAN KODAK CO WT EXP 9-3-2018 *W EXP 09/03/201 277461141 0 13 SH   DFND 1 13 0 0
EQUINIX INC COM PAR $0.001 COM par $0.001 29444U700 5,772 17,454 SH   DFND 1 17,454 0 0
EQTY LIFESTYLE PPTYS INC COM 29472R108 2,997 41,210 SH   DFND 1 41,210 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 8,242 109,850 SH   DFND 1 109,850 0 0
ESSEX PPTY TR INC COM 297178105 4,623 19,770 SH   DFND 1 19,770 0 0
EVERSOURCE ENERGY COM 30040W108 17,502 300,000 SH   DFND 1 300,000 0 0
EXTRA SPACE STORAGE INC COM 30225T102 3,353 35,880 SH   DFND 1 35,880 0 0
EXXON MOBIL CORP COM 30231G102 64,189 767,900 SH   DFND 1 767,900 0 0
FACEBOOK INC CL A 30303M102 42,548 372,900 SH   DFND 1 372,900 0 0
FEDERAL REALTY INVT TR SHS BEN INT NEW 313747206 3,970 25,440 SH   DFND 1 25,440 0 0
FIDELITY NATL INFORMATION SVCS INC COM 31620M106 27,407 432,900 SH   DFND 1 432,900 0 0
FIREEYE INC COM 31816Q101 12,609 700,900 SH   DFND 1 700,900 0 0
1ST INDL RLTY TR INC COM 32054K103 1,935 85,100 SH   DFND 1 85,100 0 0
FLOWSERVE CORP COM 34354P105 14,543 327,482 SH   DFND 1 327,482 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 21,595 1,599,600 SH   DFND 1 1,599,600 0 0
GEO GROUP INC NEW COM 36162J106 1,625 46,880 SH   DFND 1 46,880 0 0
GALLAGHER ARTHUR J & CO COM 363576109 15,212 342,000 SH   DFND 1 342,000 0 0
GENERAL ELECTRIC CO COM 369604103 40,901 1,286,600 SH   DFND 1 1,286,600 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 5,397 181,550 SH   DFND 1 181,550 0 0
GEN MTRS CO COM 37045V100 17,691 562,878 SH   DFND 1 562,878 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 18,248 450,000 SH   DFND 1 450,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 39,088 249,000 SH   DFND 1 249,000 0 0
HCP INC COM 40414L109 3,232 99,191 SH   DFND 1 99,191 0 0
HALLIBURTON CO COM 406216101 15,724 440,200 SH   DFND 1 440,200 0 0
HARLEY DAVIDSON INC COM 412822108 14,290 278,391 SH   DFND 1 278,391 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 15,667 340,000 SH   DFND 1 340,000 0 0
HEALTHCARE RLTY TR COM 421946104 2,282 73,868 SH   DFND 1 73,868 0 0
HIGHWOODS PPTYS INC COM 431284108 2,749 57,500 SH   DFND 1 57,500 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A104 27,930 1,240,235 SH   DFND 1 1,240,235 0 0
HOME DEPOT INC COM 437076102 59,515 446,036 SH   DFND 1 446,036 0 0
HOST HOTELS & RESORTS INC COM 44107P104 3,838 229,840 SH   DFND 1 229,840 0 0
HUDSON PACIFIC PROPERTIES INC COM 444097109 1,801 62,280 SH   DFND 1 62,280 0 0
INTEL CORP COM 458140100 22,257 688,000 SH   DFND 1 688,000 0 0
INTERCONTINENTAL EXCHANGE INC COM 45866F104 23,514 100,000 SH   DFND 1 100,000 0 0
INTERNATIONAL BUSINESS MACHS CORP COM 459200101 15,145 100,000 SH   DFND 1 100,000 0 0
INTL PAPER CO COM 460146103 32,992 803,900 SH   DFND 1 803,900 0 0
INTUIT COM 461202103 22,893 220,100 SH   DFND 1 220,100 0 0
IRON MTN INC NEW COM 46284V101 1,675 49,400 SH   DFND 1 49,400 0 0
JPMORGAN CHASE & CO COM 46625H100 18,654 315,000 SH   DFND 1 315,000 0 0
JUNIPER NETWORKS INC COM 48203R104 15,306 600,000 SH   DFND 1 600,000 0 0
KKR & CO L P DEL COM UNITS 48248M102 14,907 1,014,800 SH   DFND 1 1,014,800 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 31,420 367,700 SH   DFND 1 367,700 0 0
KILROY RLTY CORP COM 49427F108 2,344 37,880 SH   DFND 1 37,880 0 0
KIMCO RLTY CORP COM 49446R109 4,127 143,390 SH   DFND 1 143,390 0 0
KOHLS CORP COM 500255104 15,437 331,200 SH   DFND 1 331,200 0 0
LKQ CORP COM 501889208 25,656 803,500 SH   DFND 1 803,500 0 0
LOWES COS INC COM 548661107 45,086 595,200 SH   DFND 1 595,200 0 0
MACERICH CO COM 554382101 1,975 24,925 SH   DFND 1 24,925 0 0
MARATHON OIL CORP COM 565849106 9,795 879,300 SH   DFND 1 879,300 0 0
MASTERCARD INC CL A 57636Q104 30,760 325,500 SH   DFND 1 325,500 0 0
MCKESSON CORP COM 58155Q103 49,675 315,900 SH   DFND 1 315,900 0 0
MERCK & CO INC NEW COM 58933Y105 25,667 485,100 SH   DFND 1 485,100 0 0
MICROSOFT CORP COM 594918104 95,868 1,735,800 SH   DFND 1 1,735,800 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 49,092 1,018,500 SH   DFND 1 1,018,500 0 0
MONDELEZ INTL INC COM 609207105 44,317 1,104,600 SH   DFND 1 1,104,600 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 2,277 49,290 SH   DFND 1 49,290 0 0
NIKE INC CL B 654106103 32,364 526,500 SH   DFND 1 526,500 0 0
NOVARTIS AG SPONSORED ADR 66987V109 26,078 360,000 SH   DFND 1 360,000 0 0
NVIDIA CORP COM 67066G104 19,785 555,300 SH   DFND 1 555,300 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 47,785 698,300 SH   DFND 1 698,300 0 0
ORACLE CORP COM 68389X105 22,742 555,900 SH   DFND 1 555,900 0 0
OUTFRONT MEDIA INC COM 69007J106 1,824 86,450 SH   DFND 1 86,450 0 0
PPG IND INC COM 693506107 26,345 236,300 SH   DFND 1 236,300 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 1,398 48,075 SH   DFND 1 48,075 0 0
PEPSICO INC COM 713448108 47,038 459,000 SH   DFND 1 459,000 0 0
PFIZER INC COM 717081103 22,230 750,000 SH   DFND 1 750,000 0 0
PHILIP MORRIS INTL INC COM 718172109 59,288 604,300 SH   DFND 1 604,300 0 0
PRAXAIR INC COM 74005P104 24,778 216,500 SH   DFND 1 216,500 0 0
THE PRICELINE GROUP INC COM 741503403 29,955 23,240 SH   DFND 1 23,240 0 0
PROLOGIS INC COM 74340W103 26,663 603,500 SH   DFND 1 603,500 0 0
PRUDENTIAL FINL INC COM 744320102 40,884 566,100 SH   DFND 1 566,100 0 0
PUB STORAGE COM 74460D109 9,864 35,760 SH   DFND 1 35,760 0 0
QTS RLTY TR INC COM CL A 74736A103 1,835 38,730 SH   DFND 1 38,730 0 0
RANGE RES CORP COM 75281A109 12,686 391,800 SH   DFND 1 391,800 0 0
RLTY INC CORP COM 756109104 3,834 61,340 SH   DFND 1 61,340 0 0
REGAL ENTMT GROUP CL A 758766109 15,390 728,000 SH   DFND 1 728,000 0 0
REGENCY CTRS CORP COM 758849103 3,322 44,377 SH   DFND 1 44,377 0 0
ROPER TECHNOLOGIES INC COM 776696106 24,272 132,800 SH   DFND 1 132,800 0 0
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF T 780097713 601 23,597 SH   DFND 1 23,597 0 0
SL GREEN RLTY CORP COM 78440X101 3,708 38,270 SH   DFND 1 38,270 0 0
SANOFI SPONSORED ADR 80105N105 20,241 504,000 SH   DFND 1 504,000 0 0
SCHLUMBERGER LTD COM 806857108 24,669 334,500 SH   DFND 1 334,500 0 0
SIMON PROPERTY GROUP INC COM 828806109 35,609 171,455 SH   DFND 1 171,455 0 0
SOUTHERN CO COM 842587107 18,106 350,000 SH   DFND 1 350,000 0 0
STARBUCKS CORP COM 855244109 29,012 485,962 SH   DFND 1 485,962 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 1,939 138,497 SH   DFND 1 138,497 0 0
SUN TR BANKS INC COM 867914103 29,946 830,000 SH   DFND 1 830,000 0 0
TJX COS INC NEW COM 872540109 37,812 482,600 SH   DFND 1 482,600 0 0
THERMO FISHER CORP COM 883556102 30,768 217,300 SH   DFND 1 217,300 0 0
TOTAL S A SPONSORED ADR 89151E109 14,989 330,000 SH   DFND 1 330,000 0 0
UDR INC COM 902653104 3,410 88,510 SH   DFND 1 88,510 0 0
UNITED PARCEL SVC INC CL B 911312106 53,273 505,100 SH   DFND 1 505,100 0 0
URBAN EDGE PPTYS COM 91704F104 2,075 80,300 SH   DFND 1 80,300 0 0
VENTAS INC COM 92276F100 5,492 87,230 SH   DFND 1 87,230 0 0
VEREIT INC COM 92339V100 1,111 125,240 SH   DFND 1 125,240 0 0
VERIZON COMMUNICATIONS COM 92343V104 16,224 300,000 SH   DFND 1 300,000 0 0
VISA INC COM CL A 92826C839 31,907 417,200 SH   DFND 1 417,200 0 0
VORNADO RLTY TR COM 929042109 4,222 44,710 SH   DFND 1 44,710 0 0
WELLS FARGO & CO NEW COM 949746101 90,965 1,881,000 SH   DFND 1 1,881,000 0 0
WELLTOWER INC COM 95040Q104 9,975 143,855 SH   DFND 1 143,855 0 0
WESTN DIGITAL CORP COM 958102105 8,683 183,800 SH   DFND 1 183,800 0 0
ZIMMER BIOMET HLDGS INC COM 98956P102 23,661 221,900 SH   DFND 1 221,900 0 0