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 |
ACADIA RLTY TR | COM SH BEN INT | 004239109 | 34,116 | 960,460 | SH | | DFND | 1 | 729,511 | 0 | 230,949 |
ADVANTAGE OIL & GAS LTD | COM | 00765F101 | 207 | 37,140 | SH | | DFND | 1 | 37,140 | 0 | 0 |
AES CORP | COM | 00130H105 | 1,660 | 133,050 | SH | | DFND | 1 | 133,050 | 0 | 0 |
AGRIUM INC | COM | 008916108 | 5,596 | 61,894 | SH | | DFND | 1 | 4,202 | 0 | 57,692 |
ALCOA INC | COM | 013817101 | 236 | 25,422 | SH | | DFND | 1 | 25,422 | 0 | 0 |
ALEXANDERS INC | COM | 014752109 | 14,001 | 34,212 | SH | | DFND | 1 | 34,212 | 0 | 0 |
AMEREN CORP | COM | 023608102 | 77,820 | 1,452,400 | SH | | DFND | 1 | 1,181,500 | 0 | 270,900 |
AMERICAN CAPITAL AGENCY CORP | COM | 02503X105 | 15,886 | 801,500 | SH | | DFND | 1 | 801,500 | 0 | 0 |
AMERICAN HOMES 4 RENT | CL A | 02665T306 | 108,235 | 5,284,898 | SH | | DFND | 1 | 4,178,298 | 0 | 1,106,600 |
AMERICAN TOWER CORP | COM | 03027X100 | 358,465 | 3,155,223 | SH | | DFND | 1 | 2,609,044 | 0 | 546,179 |
AMERICAN WTR WKS CO INC NEW | COM | 030420103 | 141,945 | 1,679,618 | SH | | DFND | 1 | 1,371,218 | 0 | 308,400 |
ANADARKO PETE CORP | COM | 032511107 | 686 | 12,890 | SH | | DFND | 1 | 12,890 | 0 | 0 |
ANNALY CAP MGMT INC | COM | 035710409 | 9,160 | 827,500 | SH | | DFND | 1 | 827,500 | 0 | 0 |
APPLE INC | COM | 037833100 | 6,411 | 67,060 | SH | | DFND | 1 | 67,060 | 0 | 0 |
APTARGROUP INC | COM | 038336103 | 64 | 813 | SH | | DFND | 1 | 813 | 0 | 0 |
ARCELORMITTAL | NY REGISTRY SH | 03938L104 | 81 | 17,400 | SH | | DFND | 1 | 17,400 | 0 | 0 |
ARCHER DANIELS MIDLAND CO | COM | 039483102 | 283 | 6,600 | SH | | DFND | 1 | 6,600 | 0 | 0 |
ARCHROCK PARTNERS LP | COM UNITS REPSTG | 03957U100 | 3,993 | 294,900 | SH | | DFND | 1 | 294,900 | 0 | 0 |
ASPEN TECHNOLOGY INC | COM | 045327103 | 761 | 18,920 | SH | | DFND | 1 | 18,920 | 0 | 0 |
AVALONBAY CMNTYS INC | COM | 053484101 | 117,208 | 649,750 | SH | | DFND | 1 | 508,754 | 0 | 140,996 |
AVANGRID INC | COM | 05351W103 | 7,909 | 171,700 | SH | | DFND | 1 | 171,700 | 0 | 0 |
B&G FOODS INC | COM | 05508R106 | 666 | 13,810 | SH | | DFND | 1 | 13,810 | 0 | 0 |
BAKER HUGHES INC | COM | 057224107 | 280 | 6,200 | SH | | DFND | 1 | 6,200 | 0 | 0 |
BANK AMER CORP | COM | 060505104 | 6,580 | 495,850 | SH | | DFND | 1 | 270,150 | 0 | 225,700 |
BARRICK GOLD CORP | COM | 067901108 | 507 | 23,724 | SH | | DFND | 1 | 23,724 | 0 | 0 |
BEMIS INC | COM | 081437105 | 42 | 813 | SH | | DFND | 1 | 813 | 0 | 0 |
BHP BILLITON LTD | SPONSORED ADR | 088606108 | 5,767 | 201,936 | SH | | DFND | 1 | 23,436 | 0 | 178,500 |
BOARDWALK PIPELINE PARTNERS LP | UT LTD PARTNER | 096627104 | 40,241 | 2,306,081 | SH | | DFND | 1 | 1,808,681 | 0 | 497,400 |
BP PLC | SPONSORED ADR | 055622104 | 17,328 | 487,966 | SH | | DFND | 1 | 243,216 | 0 | 244,750 |
BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 | 93,078 | 5,540,370 | SH | | DFND | 1 | 4,312,677 | 0 | 1,227,693 |
BRISTOW GROUP INC | COM | 110394103 | 165 | 14,500 | SH | | DFND | 1 | 14,500 | 0 | 0 |
BROOKDALE SR LIVING INC | COM | 112463104 | 23,445 | 1,518,450 | SH | | DFND | 1 | 1,518,450 | 0 | 0 |
BROOKFIELD BUSINESS PARTNERS LP | LP Units | G16234109 | 3 | 94 | SH | | DFND | | 94 | 0 | 0 |
Brookfield Canada Office Properties | TR Units | 112823109 | 234,578 | 10,564,117 | SH | | DFND | 2 | 15,064,117 | 0 | 0 |
BROOKFIELD GLOBAL LISTED INFR | COM SHS | 11273Q109 | 1,669 | 126,802 | SH | | DFND | 1 | 0 | 0 | 126,802 |
BROOKFIELD HIGH INCOME FD IN | COM | 11272P102 | 85 | 11,800 | SH | | DFND | 1 | 0 | 0 | 11,800 |
BROOKFIELD INFRAST PARTNERS LP INT UNIT | LP Units | G16252101 | 7,533 | 166,430 | SH | | DFND | | 166,430 | 0 | 0 |
BROOKFIELD MTG OPP INC FD IN | COM | 112792106 | 349 | 23,450 | SH | | DFND | 1 | 0 | 0 | 23,450 |
BROOKFIELD PPTY PARTNERS LP LP UNIT | LP Units | G16249107 | 1,062,872 | 47,322,899 | SH | | DFND | | 47,322,899 | 0 | 0 |
BROOKFIELD RENEWABLE ENERGY PARTNERS LP LIMITED PARTNERSHIP | LP Units | G16258108 | 1,523,042 | 51,125,944 | SH | | DFND | | 51,125,944 | 0 | 0 |
BUCKEYE PARTNERS LP | UNIT LTD PARTN | 118230101 | 562 | 7,990 | SH | | DFND | 1 | 7,990 | 0 | 0 |
CABOT OIL & GAS CORP | COM | 127097103 | 81 | 3,160 | SH | | DFND | 1 | 3,160 | 0 | 0 |
CALIFORNIA WTR SVC GROUP | COM | 130788102 | 5,044 | 144,400 | SH | | DFND | 1 | 144,400 | 0 | 0 |
CAMDEN PPTY TR | COM | 133131102 | 124,365 | 1,406,530 | SH | | DFND | 1 | 1,089,432 | 0 | 317,098 |
CARE CAPITAL PPTYS INC | COM | 141624106 | 100,258 | 3,825,183 | SH | | DFND | 1 | 3,102,708 | 0 | 722,475 |
CBL & ASSOC PPTYS INC | COM | 124830100 | 120,150 | 12,905,516 | SH | | DFND | 1 | 10,764,020 | 0 | 2,141,496 |
CBRE CLARION GLOBAL REAL EST | COM | 12504G100 | 2,029 | 246,497 | SH | | DFND | 1 | 246,497 | 0 | 0 |
CENOVUS ENERGY INC | COM | 15135U109 | 720 | 52,260 | SH | | DFND | 1 | 52,260 | 0 | 0 |
CENTERPOINT ENERGY INC | COM | 15189T107 | 39,209 | 1,633,690 | SH | | DFND | 1 | 1,333,090 | 0 | 300,600 |
CENTURYLINK INC | COM | 156700106 | 1,329 | 45,820 | SH | | DFND | 1 | 45,820 | 0 | 0 |
CF INDS HLDGS INC | COM | 125269100 | 57 | 2,363 | SH | | DFND | 1 | 2,363 | 0 | 0 |
CHEVRON CORP NEW | COM | 166764100 | 5,247 | 50,050 | SH | | DFND | 1 | 0 | 0 | 50,050 |
CIMAREX ENERGY CO | COM | 171798101 | 513 | 4,300 | SH | | DFND | 1 | 4,300 | 0 | 0 |
CIVEO CORP CDA | COM | 17878Y108 | 7,496 | 4,164,408 | SH | | DFND | 1 | 4,164,408 | 0 | 0 |
CLEAR CHANNEL OUTDOOR HLDGS | CL A | 18451C109 | 1,959 | 315,000 | SH | | DFND | 3 | 315,000 | 0 | 0 |
COCA-COLA CO | COM | 191216100 | 7,334 | 161,800 | SH | | DFND | 1 | 161,800 | 0 | 0 |
COLUMBIA PIPELINE PARTNERS L | COM UT REPSTG | 198281107 | 465 | 31,010 | SH | | DFND | 1 | 31,010 | 0 | 0 |
COMMUNICATIONS SALES & LEAS IN | COM | 20341J104 | 751 | 26,000 | SH | | DFND | 1 | 26,000 | 0 | 0 |
CONCHO RES INC | COM | 20605P101 | 556 | 4,660 | SH | | DFND | 1 | 4,660 | 0 | 0 |
CONE MIDSTREAM PARTNERS LP | COM UNIT REPST | 206812109 | 321 | 18,540 | SH | | DFND | 1 | 18,540 | 0 | 0 |
CORENERGY INFRASTRUCTURE TR | COM NEW | 21870U502 | 6,839 | 237,046 | SH | | DFND | 1 | 237,046 | 0 | 0 |
CORPORATE OFFICE PPTYS TR | SH BEN INT | 22002T108 | 80,228 | 2,713,150 | SH | | DFND | 1 | 2,126,550 | 0 | 586,600 |
CROWN CASTLE INTL CORP NEW | COM | 22822V101 | 171,252 | 1,688,381 | SH | | DFND | 1 | 1,396,081 | 0 | 292,300 |
CSX CORP | COM | 126408103 | 4,063 | 155,773 | SH | | DFND | 1 | 155,773 | 0 | 0 |
CURRENCYSHARES EURO TR | EURO SHS | 23130C108 | 10,817 | 100,000 | SH | Put | DFND | 3 | 100,000 | 0 | 0 |
CYRUSONE INC | COM | 23283R100 | 115,514 | 2,075,350 | SH | | DFND | 1 | 1,629,550 | 0 | 445,800 |
DDR CORP | COM | 23317H102 | 15,591 | 859,500 | SH | | DFND | 1 | 743,300 | 0 | 116,200 |
DEERE & CO | COM | 244199105 | 89 | 1,100 | SH | | DFND | 1 | 1,100 | 0 | 0 |
DEVON ENERGY CORP NEW | COM | 25179M103 | 3,788 | 104,500 | SH | | DFND | 1 | 57,800 | 0 | 46,700 |
DHT HOLDINGS INC | COM | Y2065G121 | 91 | 18,100 | SH | | DFND | 1 | 18,100 | 0 | 0 |
DIAMONDROCK HOSPITALITY CO | COM | 252784301 | 50,719 | 5,616,774 | SH | | DFND | 1 | 4,491,974 | 0 | 1,124,800 |
DYNEGY INC NEW DEL | COMMON | 26817R108 | 3,879 | 225,000 | SH | | DFND | 3 | 225,000 | 0 | 0 |
EDISON INTL | COM | 281020107 | 108,396 | 1,395,597 | SH | | DFND | 1 | 1,157,297 | 0 | 238,300 |
ENABLE MIDSTREAM PARTNERS LP | COM UNIT RP IN | 292480100 | 180 | 13,300 | SH | | DFND | 1 | 13,300 | 0 | 0 |
ENBRIDGE ENERGY MANAGEMENT L | SHS UNITS LLI | 29250X103 | 3,850 | 167,300 | SH | | DFND | 1 | 167,300 | 0 | 0 |
ENBRIDGE ENERGY PARTNERS LP | COM | 29250R106 | 18,301 | 788,850 | SH | | DFND | 1 | 627,550 | 0 | 161,300 |
ENBRIDGE INC | COM | 29250N105 | 635 | 15,000 | SH | | DFND | 1 | 0 | 0 | 15,000 |
ENERGY TRANSFER EQUITY LP | COM UT LTD PTN | 29273V100 | 22,726 | 1,581,500 | SH | | DFND | 1 | 1,113,200 | 0 | 468,300 |
ENERGY TRANSFER PRTNRS LP | UNIT LTD PARTN | 29273R109 | 102,317 | 2,687,594 | SH | | DFND | 1 | 2,138,494 | 0 | 549,100 |
ENLINK MIDSTREAM PARTNERS LP | COM UNIT REP LTD | 29336U107 | 130 | 7,800 | SH | | DFND | 1 | 7,800 | 0 | 0 |
ENTERPRISE PRODS PARTNERS L | COM | 293792107 | 179,538 | 6,135,961 | SH | | DFND | 1 | 4,602,261 | 0 | 1,533,700 |
EPR PPTYS | PFD C CNV 5.57% | 26884U208 | 203 | 6,603 | SH | | DFND | 1 | 6,603 | 0 | 0 |
EQT MIDSTREAM PARTNERS LP | UNIT LTD PARTN | 26885B100 | 32,336 | 402,691 | SH | | DFND | 1 | 293,291 | 0 | 109,400 |
EQUITY COMWLTH | COM SH BEN INT | 294628102 | 62,970 | 2,161,705 | SH | | DFND | 1 | 1,687,205 | 0 | 474,500 |
EQUITY COMWLTH | CUM PFD S D 6.25% | 294628201 | 158 | 6,046 | SH | | DFND | 1 | 6,046 | 0 | 0 |
Equity One Inc. | Common Stock | 294752100 | 41 | 1,259 | SH | | DFND | 2 | 1,259 | 0 | 0 |
EQUITY RESIDENTIAL | SH BEN INT | 29476L107 | 91,901 | 1,334,212 | SH | | DFND | 1 | 1,037,312 | 0 | 296,900 |
EURONAV NV | SHS | B38564108 | 92 | 10,045 | SH | | DFND | 1 | 10,045 | 0 | 0 |
EV ENERGY PARTNERS LP | COM UNITS | 26926V107 | 37 | 16,011 | SH | | DFND | 1 | 16,011 | 0 | 0 |
EVERSOURCE ENERGY | COM | 30040W108 | 82,450 | 1,376,461 | SH | | DFND | 1 | 1,134,161 | 0 | 242,300 |
EXXON MOBIL CORP | COM | 30231G102 | 5,812 | 62,000 | SH | | DFND | 1 | 6,000 | 0 | 56,000 |
FIRST MAJESTIC SILVER CORP | COM | 32076V103 | 3,897 | 288,221 | SH | | DFND | 1 | 0 | 0 | 288,221 |
FMC CORP | COM NEW | 302491303 | 51 | 1,100 | SH | | DFND | 1 | 1,100 | 0 | 0 |
FORD MTR CO DEL | COM PAR $0.01 | 345370860 | 1,569 | 124,800 | SH | | DFND | 1 | 124,800 | 0 | 0 |
FORTRESS TRANS & INFRST INVS L | COM REP LTD LIAB | 34960P101 | 4,909 | 534,157 | SH | | DFND | 1 | 0 | 0 | 534,157 |
FREEPORT-MCMORAN INC | CL B | 35671D857 | 186 | 16,685 | SH | | DFND | 1 | 16,685 | 0 | 0 |
GENER8 MARITIME INC | COM | Y26889108 | 1,035 | 161,700 | SH | | DFND | 1 | 161,700 | 0 | 0 |
GENERAL ELECTRIC CO | COM | 369604103 | 2,369 | 75,250 | SH | | DFND | 1 | 75,250 | 0 | 0 |
General Growth Properties | Common Stock | 370023103 | 7,359,361 | 255,356,037 | SH | | DFND | 2 | 255,356,037 | 0 | 0 |
General Growth Properties, Inc. | Common Stock | 370023103 | 1,316,521 | 44,148,940 | SH | | DFND | 2 | 44,148,940 | 0 | 0 |
GENERAL MLS INC | COM | 370334104 | 9,250 | 129,696 | SH | | DFND | 1 | 129,696 | 0 | 0 |
GENERAL MTRS CO | *W EXP 07/10/201 | 37045V118 | 630 | 34,193 | SH | Call | DFND | 1 | 34,193 | 0 | 0 |
GENERAL MTRS CO | *W EXP 07/10/201 | 37045V126 | 358 | 34,193 | SH | Call | DFND | 1 | 34,193 | 0 | 0 |
GOLDCORP INC NEW | COM | 380956409 | 327 | 17,100 | SH | | DFND | 1 | 17,100 | 0 | 0 |
GRAMERCY PPTY TR | COM | 385002100 | 148,627 | 16,120,116 | SH | | DFND | 1 | 12,983,437 | 0 | 3,136,679 |
GROUPE CGI INC | CL A SUB VTG | 39945C109 | 8,745 | 205,646 | SH | | DFND | 1 | 0 | 0 | 205,646 |
GULFPORT ENERGY CORP | COM NEW | 402635304 | 526 | 16,840 | SH | | DFND | 1 | 16,840 | 0 | 0 |
HELMERICH & PAYNE INC | COM | 423452101 | 349 | 5,200 | SH | | DFND | 1 | 5,200 | 0 | 0 |
HERSHA HOSPITALITY TRUST | PR SHS BEN INT | 427825500 | 55,258 | 3,222,069 | SH | | DFND | 1 | 2,677,740 | 0 | 544,329 |
HESS CORP | COM | 42809H107 | 662 | 11,020 | SH | | DFND | 1 | 11,020 | 0 | 0 |
HIGHWOODS PPTYS INC | COM | 431284108 | 112,728 | 2,135,006 | SH | | DFND | 1 | 1,682,006 | 0 | 453,000 |
HOME DEPOT INC | COM | 437076102 | 104 | 813 | SH | | DFND | 1 | 813 | 0 | 0 |
HOST HOTELS & RESORTS INC | COM | 44107P104 | 117,655 | 7,258,168 | SH | | DFND | 1 | 5,718,514 | 0 | 1,539,654 |
HSBC HLDGS PLC | SPON ADR NEW | 404280406 | 3,131 | 100,000 | SH | Put | DFND | 3 | 100,000 | 0 | 0 |
INGREDION INC | COM | 457187102 | 172 | 1,330 | SH | | DFND | 1 | 1,330 | 0 | 0 |
INTERACTIVE BROKERS GROUP IN | COMMON | 45841N107 | 4,602 | 130,000 | SH | | DFND | 3 | 130,000 | 0 | 0 |
INTL PAPER CO | COM | 460146103 | 198 | 4,679 | SH | | DFND | 1 | 4,679 | 0 | 0 |
ION GEOPHYSICAL CORP | COM NEW | 462044207 | 235 | 37,750 | SH | | DFND | 1 | 29,750 | 0 | 8,000 |
ISHARES | MSCI TURKEY ETF | 464286715 | 678 | 17,100 | SH | | DFND | 1 | 17,100 | 0 | 0 |
ISHARES | MSCI BRZ CAP ETF | 464286400 | 4,526 | 150,000 | SH | Put | DFND | 3 | 150,000 | 0 | 0 |
ISHARES SILVER TRUST | ISHARES | 46428Q109 | 2,680 | 150,000 | SH | Call | DFND | 3 | 150,000 | 0 | 0 |
ISHARES TR | MSCI EAFE ETF | 464287465 | 12,560 | 225,000 | SH | Call | DFND | 3 | 225,000 | 0 | 0 |
JOHNSON & JOHNSON | COM | 478160104 | 9,298 | 76,656 | SH | | DFND | 1 | 76,656 | 0 | 0 |
JPMORGAN CHASE & CO | COM | 46625H100 | 6,419 | 103,300 | SH | | DFND | 1 | 55,600 | 0 | 47,700 |
JPMORGAN CHASE & CO | PUT | 46625H955 | 651 | 3,200 | SH | Put | DFND | 1 | 3,200 | 0 | 0 |
KELLOGG CO | COM | 487836108 | 8,011 | 98,120 | SH | | DFND | 1 | 98,120 | 0 | 0 |
KILROY RLTY CORP | COM | 49427F108 | 99,687 | 1,503,802 | SH | | DFND | 1 | 1,183,002 | 0 | 320,800 |
KINDER MORGAN INC DEL | COM | 49456B101 | 229,896 | 12,280,750 | SH | | DFND | 1 | 10,291,750 | 0 | 1,989,000 |
KRATON PERFORMANCE POLYMERS | COMMON | 50077C106 | 4,767 | 170,689 | SH | | DFND | 3 | 170,689 | 0 | 0 |
KRATON PERFORMANCE POLYMERS | COMMON | 50077C106 | 2,153 | 77,100 | SH | Call | DFND | 3 | 77,100 | 0 | 0 |
LEXINGTON REALTY TRUST | PFD CONV SER C | 529043309 | 119 | 2,359 | SH | | DFND | 1 | 2,359 | 0 | 0 |
LIBERTY PPTY TR | SH BEN INT | 531172104 | 60,549 | 1,524,395 | SH | | DFND | 1 | 1,191,695 | 0 | 332,700 |
LILLY ELI & CO | COM | 532457108 | 2,433 | 30,900 | SH | | DFND | 1 | 17,300 | 0 | 13,600 |
LOUISIANA PAC CORP | COM | 546347105 | 66 | 3,786 | SH | | DFND | 1 | 3,786 | 0 | 0 |
MADISON SQUARE GARDEN CO NEW | CL A | 55825T103 | 6,038 | 35,000 | SH | | DFND | 3 | 35,000 | 0 | 0 |
MCDONALDS CORP | COM | 580135101 | 7,696 | 63,950 | SH | | DFND | 1 | 63,950 | 0 | 0 |
MGM GROWTH PPTYS LLC | CL A COM | 55303A105 | 88,428 | 3,314,393 | SH | | DFND | 1 | 2,817,793 | 0 | 496,600 |
MGM RESORTS INTERNATIONAL | COM | 552953101 | 12,302 | 543,600 | SH | | DFND | 1 | 543,600 | 0 | 0 |
MONDELEZ INTL INC | CL A | 609207105 | 15,312 | 336,450 | SH | | DFND | 1 | 283,650 | 0 | 52,800 |
MONSANTO CO NEW | COM | 61166W101 | 548 | 5,303 | SH | | DFND | 1 | 5,303 | 0 | 0 |
MOSAIC CO NEW | COM | 61945C103 | 43 | 1,626 | SH | | DFND | 1 | 1,626 | 0 | 0 |
MPLX LP | COM UNIT REP LTD | 55336V100 | 33,641 | 1,000,337 | SH | | DFND | 1 | 732,338 | 0 | 267,999 |
NATIONAL OILWELL VARCO INC | COM | 637071101 | 286 | 8,489 | SH | | DFND | 1 | 8,489 | 0 | 0 |
NEW GOLD INC CDA | COM | 644535106 | 2,166 | 497,635 | SH | | DFND | 1 | 0 | 0 | 497,635 |
NEW YORK REIT INC | COM | 64976L109 | 6,093 | 658,700 | SH | | DFND | 1 | 658,700 | 0 | 0 |
NEWFIELD EXPL CO | COM | 651290108 | 773 | 17,500 | SH | | DFND | 1 | 17,500 | 0 | 0 |
NEWMONT MINING CORP | COM | 651639106 | 445 | 11,388 | SH | | DFND | 1 | 11,388 | 0 | 0 |
NEXTERA ENERGY INC | COM | 65339F101 | 30,774 | 236,000 | SH | | DFND | 1 | 236,000 | 0 | 0 |
NISOURCE INC | COM | 65473P105 | 134,103 | 5,056,683 | SH | | DFND | 1 | 4,380,728 | 0 | 675,955 |
NRG YIELD INC | CL A NEW | 62942X306 | 7,846 | 515,500 | SH | | DFND | 1 | 515,500 | 0 | 0 |
NRG YIELD INC | CL C | 62942X405 | 1,484 | 95,200 | SH | | DFND | 1 | 95,200 | 0 | 0 |
NUCOR CORP | COM | 670346105 | 306 | 6,200 | SH | | DFND | 1 | 6,200 | 0 | 0 |
NUSTAR ENERGY LP | UNIT COM | 67058H102 | 4,353 | 87,416 | SH | | DFND | 1 | 87,416 | 0 | 0 |
ONE GAS INC | COM | 68235P108 | 30,916 | 464,271 | SH | | DFND | 1 | 392,531 | 0 | 71,740 |
OUTFRONT MEDIA INC | COM | 69007J106 | 125,305 | 5,184,337 | SH | | DFND | 1 | 4,179,342 | 0 | 1,004,995 |
PACKAGING CORP AMER | COM | 695156109 | 99 | 1,478 | SH | | DFND | 1 | 1,478 | 0 | 0 |
PARKER DRILLING CO | COMMON | 701081101 | 5,267 | 2,300,000 | SH | | DFND | 3 | 2,300,000 | 0 | 0 |
PARSLEY ENERGY INC | COM | 701877102 | 857 | 31,680 | SH | | DFND | 1 | 31,680 | 0 | 0 |
PATTERN ENERGY GROUP INC | CL A | 70338P100 | 4,994 | 217,400 | SH | | DFND | 1 | 217,400 | 0 | 0 |
PEMBINA PIPELINE CORP | COM | 706327103 | 37,151 | 1,224,492 | SH | | DFND | 1 | 1,224,492 | 0 | 0 |
PFIZER INC | COM | 717081103 | 10,786 | 306,325 | SH | | DFND | 1 | 254,725 | 0 | 51,600 |
PG&E CORP | COM | 69331C108 | 251,582 | 3,935,889 | SH | | DFND | 1 | 3,186,589 | 0 | 749,300 |
PHILIP MORRIS INTERNATIONAL INC | COM | 718172109 | 7,758 | 76,265 | SH | | DFND | 1 | 76,265 | 0 | 0 |
PHYSICIANS REALTY TRUST | COM | 71943U104 | 96,924 | 4,613,225 | SH | | DFND | 1 | 3,643,573 | 0 | 969,652 |
POTASH CORP OF SASK INC | COM | 73755L107 | 5,373 | 330,861 | SH | | DFND | 1 | 12,961 | 0 | 317,900 |
PROCTER & GAMBLE CO | COM | 742718109 | 6,878 | 81,230 | SH | | DFND | 1 | 81,230 | 0 | 0 |
PROLOGIS INC | COM | 74340W103 | 156,027 | 3,181,623 | SH | | DFND | 1 | 2,498,101 | 0 | 683,522 |
RICE ENERGY INC | COM | 762760106 | 740 | 33,570 | SH | | DFND | 1 | 33,570 | 0 | 0 |
RICE MIDSTREAM PARTNERS LP | UNIT LTD PARTN | 762819100 | 27,768 | 1,359,158 | SH | | DFND | 1 | 1,062,058 | 0 | 297,100 |
RIO TINTO PLC | SPONSORED ADR | 767204100 | 5,587 | 178,499 | SH | | DFND | 1 | 6,249 | 0 | 172,250 |
Rouse | Common Stock | 779287101 | 353,824 | 19,387,624 | SH | | DFND | 2 | 19,387,624 | 0 | 0 |
ROYAL DUTCH SHELL PLC | SPON ADR B | 780259107 | 17,528 | 313,000 | SH | | DFND | 1 | 160,000 | 0 | 153,000 |
SBA COMMUNICATIONS CORP | COM | 78388J106 | 180,042 | 1,667,982 | SH | | DFND | 1 | 1,351,882 | 0 | 316,100 |
SCHLUMBERGER LTD | COM | 806857108 | 207 | 2,620 | SH | | DFND | 1 | 2,620 | 0 | 0 |
SEMGROUP CORP | CL A | 81663A105 | 17,149 | 526,700 | SH | | DFND | 1 | 422,240 | 0 | 104,460 |
SEMPRA ENERGY | COM | 816851109 | 68,855 | 603,885 | SH | | DFND | 1 | 525,185 | 0 | 78,700 |
SERVICE CORP INTL | COMMON | 817565104 | 9,464 | 350,000 | SH | | DFND | 3 | 350,000 | 0 | 0 |
SILVER WHEATON CORP | COM | 828336107 | 144 | 6,100 | SH | | DFND | 1 | 6,100 | 0 | 0 |
SIMON PPTY GROUP INC NEW | COM | 828806109 | 401,335 | 1,850,323 | SH | | DFND | 1 | 1,452,633 | 0 | 397,690 |
SL GREEN RLTY CORP | COM | 78440X101 | 152,902 | 1,436,101 | SH | | DFND | 1 | 1,169,601 | 0 | 266,500 |
SOUTHERN COPPER CORP | COM | 84265V105 | 96 | 3,573 | SH | | DFND | 1 | 3,573 | 0 | 0 |
SOUTHWEST GAS CORP | COM | 844895102 | 73,154 | 929,410 | SH | | DFND | 1 | 785,110 | 0 | 144,300 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 62,843 | 300,000 | SH | Put | DFND | 3 | 300,000 | 0 | 0 |
SPDR SERIES TRUST | BRC HGH YLD BD | 78464A417 | 2,873 | 80,500 | SH | | DFND | 1 | 80,500 | 0 | 0 |
SPECTRA ENERGY CORP | COM | 847560109 | 15,849 | 432,669 | SH | | DFND | 1 | 432,669 | 0 | 0 |
SPECTRA ENERGY PARTNERS LP | COM | 84756N109 | 287 | 6,080 | SH | | DFND | 1 | 6,080 | 0 | 0 |
SPIRE INC | COM | 84857L101 | 23,951 | 338,100 | SH | | DFND | 1 | 271,200 | 0 | 66,900 |
SPIRIT RLTY CAP INC NEW | COM | 84860W102 | 98,736 | 7,731,905 | SH | | DFND | 1 | 6,287,605 | 0 | 1,444,300 |
STATOIL ASA | SPONSORED ADR | 85771P102 | 5,349 | 309,000 | SH | | DFND | 1 | 0 | 0 | 309,000 |
STILLWATER MNG CO | COM | 86074Q102 | 222 | 18,744 | SH | | DFND | 1 | 18,744 | 0 | 0 |
SUNCOR ENERGY INC NEW | COM | 867224107 | 5,233 | 189,500 | SH | | DFND | 1 | 0 | 0 | 189,500 |
SUNOCO LOGISTICS PRTNRS LP | COM UNITS | 86764L108 | 34,343 | 1,194,552 | SH | | DFND | 1 | 867,252 | 0 | 327,300 |
SUNSTONE HOTEL INVS INC | COM | 867892101 | 10,059 | 833,400 | SH | | DFND | 1 | 767,700 | 0 | 65,700 |
SYNGENTA AG | SPONSORED ADR | 87160A100 | 476 | 6,197 | SH | | DFND | 1 | 6,197 | 0 | 0 |
TARGA RES CORP | COM | 87612G101 | 99,735 | 2,366,762 | SH | | DFND | 1 | 2,052,262 | 0 | 314,500 |
TERRAFORM POWER INC | COMMON SHARES | 88104R100 | 113,905 | 10,450,000 | SH | | DFND | 4 | 10,450,000 | 0 | 0 |
TERRAFORM PWR INC | CL A COM | 88104R100 | 6,813 | 625,000 | SH | | DFND | 3 | 625,000 | 0 | 0 |
TESORO CORP | COM | 881609101 | 232 | 3,100 | SH | | DFND | 1 | 3,100 | 0 | 0 |
TOLL BROTHERS INC | COM | 889478103 | 14,104 | 524,100 | SH | | DFND | 1 | 524,100 | 0 | 0 |
TOTAL SA | SPONSORED ADR | 89151E109 | 4,981 | 103,550 | SH | | DFND | 1 | 0 | 0 | 103,550 |
TOWER INTL INC | COMMON | 891826109 | 3,676 | 178,600 | SH | | DFND | 3 | 178,600 | 0 | 0 |
TRANSALTA CORPORATION | COMMON SHARES | 89346D107 | 72,630 | 14,007,164 | SH | | DFND | 4 | 14,007,164 | 0 | 0 |
TRANSCANADA CORP | COM | 89353D107 | 270,822 | 6,012,654 | SH | | DFND | 1 | 4,904,254 | 0 | 1,108,400 |
TRI POINTE GROUP INC | COM | 87265H109 | 9,265 | 783,800 | SH | | DFND | 1 | 783,800 | 0 | 0 |
UNION PAC CORP | COM | 907818108 | 5,218 | 59,800 | SH | | DFND | 1 | 59,800 | 0 | 0 |
UNITED STATES OIL FUND LP | PUT | 91232N958 | 309 | 22,100 | SH | Put | DFND | 1 | 22,100 | 0 | 0 |
URBAN EDGE PPTYS | COM | 91704F104 | 70,155 | 2,349,454 | SH | | DFND | 1 | 1,829,603 | 0 | 519,851 |
VALE SA | COM | 91912E105 | 44 | 8,730 | SH | | DFND | 1 | 8,730 | 0 | 0 |
VALEANT PHARMACEUTICALS INTERNATIONAL INC | COM | 91911K102 | 2,011 | 100,177 | SH | | DFND | 1 | 0 | 0 | 100,177 |
VALERO ENERGY CORP NEW | COM | 91913Y100 | 140 | 2,740 | SH | | DFND | 1 | 2,740 | 0 | 0 |
VENTAS INC | COM | 92276F100 | 96,867 | 1,330,227 | SH | | DFND | 1 | 1,047,527 | 0 | 282,700 |
VERIZON COMMUNICATIONS INC | COM | 92343V104 | 419 | 7,500 | SH | | DFND | 1 | 7,500 | 0 | 0 |
VERMILION ENERGY INC | COM | 923725105 | 4,528 | 142,850 | SH | | DFND | 1 | 79,350 | 0 | 63,500 |
VORNADO RLTY TR | SH BEN INT | 929042109 | 245,819 | 2,455,242 | SH | | DFND | 1 | 1,977,462 | 0 | 477,780 |
WCI COMMUNITIES INC | COM | 92923C807 | 12,545 | 742,280 | SH | | DFND | 1 | 742,280 | 0 | 0 |
WEATHERFORD INTERNATIONAL PLC | ORD SHS | G48833100 | 117 | 21,060 | SH | | DFND | 1 | 21,060 | 0 | 0 |
WELLTOWER INC | COM | 95040Q104 | 169,307 | 2,222,748 | SH | | DFND | 1 | 1,729,148 | 0 | 493,600 |
WESTERN GAS PARTNERS LP | COM UNIT LP IN | 958254104 | 17,782 | 352,810 | SH | | DFND | 1 | 250,410 | 0 | 102,400 |
WESTROCK CO | COM | 96145D105 | 100 | 2,571 | SH | | DFND | 1 | 2,571 | 0 | 0 |
WEYERHAEUSER CO | COM | 962166104 | 13,718 | 460,812 | SH | | DFND | 1 | 312,602 | 0 | 148,210 |
WEYERHAEUSER CO | COMMON | 962166104 | 6,698 | 225,000 | SH | Put | DFND | 3 | 225,000 | 0 | 0 |
WILLIAMS COS INC DEL | COM | 969457100 | 118,892 | 5,496,632 | SH | | DFND | 1 | 4,578,813 | 0 | 917,819 |
WILLIAMS PARTNERS LP NEW | COM UNIT LTD PAR | 96949L105 | 44,755 | 1,292,017 | SH | | DFND | 1 | 1,091,675 | 0 | 200,342 |
WP GLIMCHER IN | COM | 92939N102 | 37,827 | 3,380,386 | SH | | DFND | 1 | 2,694,112 | 0 | 686,274 |
WYNN RESORTS LTD | COM | 983134107 | 9,612 | 106,049 | SH | | DFND | 1 | 106,049 | 0 | 0 |
TRINITY INDS INC | COM | 896522109 | 127,869 | 6,885,765 | SH | | DFND | 5 | 6,885,765 | 0 | 0 |
SPX FLOW INC | COM | 78469X107 | 3,911 | 150,000 | SH | | DFND | 5 | 150,000 | 0 | 0 |
KKR & CO L P DEL | COM | 48248M102 | 69,593 | 5,639,589 | SH | | DFND | | 5,639,589 | 0 | 0 |
Norbord Inc. | COM | 65548P403 | 553,823 | 28,084,343 | SH | | DFND | | 0 | 0 | 0 |
Norbord Inc. | COM | 65548P403 | 341,608 | 17,322,897 | SH | | DFND | 2 | 0 | 0 | 0 |