Pictet & Cie 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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
10X GENOMICS INC	CL A COM	88025U109	262,804	6,371	SH		SOLE		0	0	6,371
ABBOTT LABS	COM	002824100	11,645,922	120,247	SH		SOLE		0	0	120,247
ABBVIE INC	COM	00287Y109	20,206,872	135,562	SH		SOLE		0	0	135,562
ACADIA RLTY TR	COM SH BEN INT	004239109	200,914	14,001	SH		SOLE		0	0	14,001
ADOBE INC	COM	00724F101	11,109,191	21,787	SH		SOLE		0	0	21,787
ADVANCED MICRO DEVICES INC	COM	007903107	18,089,945	175,938	SH		SOLE		0	0	175,938
AGREE RLTY CORP	COM	008492100	720,109	13,036	SH		SOLE		0	0	13,036
AIR PRODS & CHEMS INC	COM	009158106	943,155	3,328	SH		SOLE		0	0	3,328
AIRBNB INC	COM CL A	009066101	220,771	1,609	SH		SOLE		0	0	1,609
ALCON AG	ORD SHS	H01301128	253,581	3,270	SH		SOLE		0	0	3,270
ALEXANDER & BALDWIN INC NEW	COM	014491104	167,802	10,030	SH		SOLE		0	0	10,030
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	2,497,495	24,950	SH		SOLE		0	0	24,950
ALNYLAM PHARMACEUTICALS INC	COM	02043Q107	317,009	1,790	SH		SOLE		0	0	1,790
ALPHABET INC	CAP STK CL A	02079K305	200,372,178	1,531,195	SH		SOLE		0	0	1,531,195
ALPHABET INC	CAP STK CL C	02079K107	63,310,415	480,170	SH		SOLE		0	0	480,170
AMAZON COM INC	COM	023135106	222,775,385	1,752,481	SH		SOLE		0	0	1,752,481
AMEDISYS INC	COM	023436108	979,859	10,491	SH		SOLE		0	0	10,491
AMERICAN EXPRESS CO	COM	025816109	350,746	2,351	SH		SOLE		0	0	2,351
AMERICAN HOMES 4 RENT	CL A	02665T306	1,624,700	48,225	SH		SOLE		0	0	48,225
AMERICOLD REALTY TRUST INC	COM	03064D108	1,203,476	39,575	SH		SOLE		0	0	39,575
AMETEK INC	COM	031100100	12,163,160	82,317	SH		SOLE		0	0	82,317
AON PLC	SHS CL A	G0403H108	11,471,228	35,381	SH		SOLE		0	0	35,381
APARTMENT INCOME REIT CORP	COM	03750L109	665,668	21,683	SH		SOLE		0	0	21,683
APARTMENT INVT & MGMT CO	CL A	03748R747	148,777	21,879	SH		SOLE		0	0	21,879
APELLIS PHARMACEUTICALS INC	COM	03753U106	259,623	6,825	SH		SOLE		0	0	6,825
APOLLO GLOBAL MGMT INC	COM	03769M106	224,400	2,500	SH		SOLE		0	0	2,500
APPLE HOSPITALITY REIT INC	COM NEW	03784Y200	468,131	30,517	SH		SOLE		0	0	30,517
APPLE INC	COM	037833100	50,985,653	297,796	SH		SOLE		0	0	297,796
ARROWHEAD PHARMACEUTICALS IN	COM	04280A100	238,740	8,885	SH		SOLE		0	0	8,885
AUTODESK INC	COM	052769106	4,989,635	24,115	SH		SOLE		0	0	24,115
AVALONBAY CMNTYS INC	COM	053484101	3,517,922	20,484	SH		SOLE		0	0	20,484
BANK AMERICA CORP	COM	060505104	10,527,993	384,514	SH		SOLE		0	0	384,514
BARRICK GOLD CORP	COM	067901108	1,129,095	77,601	SH		SOLE		0	0	77,601
BAXTER INTL INC	COM	071813109	363,361	9,628	SH		SOLE		0	0	9,628
BECTON DICKINSON & CO	COM	075887109	1,034,120	4,000	SH		SOLE		0	0	4,000
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	21,778,151	62,170	SH		SOLE		0	0	62,170
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	51,553,269	97	SH		SOLE		0	0	97
BIOGEN INC	COM	09062X103	615,796	2,396	SH		SOLE		0	0	2,396
BLACKSTONE INC	COM	09260D107	257,136	2,400	SH		SOLE		0	0	2,400
BOOKING HOLDINGS INC	COM	09857L108	6,858,705	2,224	SH		SOLE		0	0	2,224
BOSTON PROPERTIES INC	COM	101121101	1,353,348	22,753	SH		SOLE		0	0	22,753
BOSTON SCIENTIFIC CORP	COM	101137107	8,089,118	153,203	SH		SOLE		0	0	153,203
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	121,105	26,675	SH		SOLE		0	0	26,675
BRISTOL-MYERS SQUIBB CO	COM	110122108	687,774	11,850	SH		SOLE		0	0	11,850
BRIXMOR PPTY GROUP INC	COM	11120U105	902,683	43,440	SH		SOLE		0	0	43,440
BROADCOM INC	COM	11135F101	7,802,469	9,394	SH		SOLE		0	0	9,394
BROADSTONE NET LEASE INC	COM	11135E203	388,760	27,186	SH		SOLE		0	0	27,186
CAMDEN PPTY TR	SH BEN INT	133131102	1,435,252	15,175	SH		SOLE		0	0	15,175
CARETRUST REIT INC	COM	14174T107	301,596	14,712	SH		SOLE		0	0	14,712
CASTLE BIOSCIENCES INC	COM	14843C105	237,794	14,079	SH		SOLE		0	0	14,079
CHEVRON CORP NEW	COM	166764100	8,045,029	47,711	SH		SOLE		0	0	47,711
CHIPOTLE MEXICAN GRILL INC	COM	169656105	28,486,788	15,551	SH		SOLE		0	0	15,551
CINTAS CORP	COM	172908105	62,080,113	129,062	SH		SOLE		0	0	129,062
CME GROUP INC	COM	12572Q105	7,615,968	38,038	SH		SOLE		0	0	38,038
COCA COLA CO	COM	191216100	1,525,455	27,250	SH		SOLE		0	0	27,250
COLGATE PALMOLIVE CO	COM	194162103	22,209,217	312,322	SH		SOLE		0	0	312,322
CONSTELLATION BRANDS INC	CL A	21036P108	1,143,049	4,548	SH		SOLE		0	0	4,548
COPT DEFENSE PROPERTIES	SHS BEN INT	22002T108	384,211	16,123	SH		SOLE		0	0	16,123
CORTEVA INC	COM	22052L104	324,303	6,339	SH		SOLE		0	0	6,339
COSTCO WHSL CORP NEW	COM	22160K105	50,682,562	89,710	SH		SOLE		0	0	89,710
COUSINS PPTYS INC	COM NEW	222795502	443,516	21,773	SH		SOLE		0	0	21,773
CRH PLC	ORD	G25508105	2,916,343	53,286	SH		SOLE		0	0	53,286
CUBESMART	COM	229663109	1,242,466	32,585	SH		SOLE		0	0	32,585
DANAHER CORPORATION	COM	235851102	62,001,927	249,907	SH		SOLE		0	0	249,907
DAVITA INC	COM	23918K108	283,590	3,000	SH		SOLE		0	0	3,000
DEUTSCHE BANK A G	NAMEN AKT	D18190898	127,570	11,530	SH		SOLE		0	0	11,530
DEXCOM INC	COM	252131107	4,101,188	43,957	SH		SOLE		0	0	43,957
DIAMONDROCK HOSPITALITY CO	COM	252784301	236,580	29,462	SH		SOLE		0	0	29,462
DIGITAL RLTY TR INC	COM	253868103	5,254,204	43,416	SH		SOLE		0	0	43,416
DISNEY WALT CO	COM	254687106	7,968,188	98,312	SH		SOLE		0	0	98,312
DOUGLAS EMMETT INC	COM	25960P109	302,871	23,736	SH		SOLE		0	0	23,736
DROPBOX INC	CL A	26210C104	559,958	20,564	SH		SOLE		0	0	20,564
EASTERLY GOVT PPTYS INC	COM	27616P103	154,648	13,530	SH		SOLE		0	0	13,530
EASTGROUP PPTYS INC	COM	277276101	1,076,783	6,466	SH		SOLE		0	0	6,466
ECOLAB INC	COM	278865100	2,254,883	13,311	SH		SOLE		0	0	13,311
EDWARDS LIFESCIENCES CORP	COM	28176E108	325,616	4,700	SH		SOLE		0	0	4,700
ELECTRONIC ARTS INC	COM	285512109	20,622,353	171,282	SH		SOLE		0	0	171,282
ELI LILLY & CO	COM	532457108	28,976,552	53,947	SH		SOLE		0	0	53,947
ELME COMMUNITIES	SH BEN INT	939653101	165,508	12,134	SH		SOLE		0	0	12,134
EMPIRE ST RLTY TR INC	CL A	292104106	149,005	18,533	SH		SOLE		0	0	18,533
ENPHASE ENERGY INC	COM	29355A107	2,821,963	23,487	SH		SOLE		0	0	23,487
EOG RES INC	COM	26875P101	8,438,413	66,570	SH		SOLE		0	0	66,570
EPR PPTYS	COM SH BEN INT	26884U109	446,015	10,737	SH		SOLE		0	0	10,737
EQUINIX INC	COM	29444U700	9,916,354	13,654	SH		SOLE		0	0	13,654
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	1,652,064	25,931	SH		SOLE		0	0	25,931
EQUITY RESIDENTIAL	SH BEN INT	29476L107	3,194,470	54,411	SH		SOLE		0	0	54,411
ERMENEGILDO ZEGNA N V	ORD SHS	N30577105	317,376	22,800	SH		SOLE		0	0	22,800
ESSENTIAL PPTYS RLTY TR INC	COM	29670E107	473,848	21,907	SH		SOLE		0	0	21,907
ESSEX PPTY TR INC	COM	297178105	1,970,316	9,290	SH		SOLE		0	0	9,290
ETSY INC	COM	29786A106	382,959	5,930	SH		SOLE		0	0	5,930
EXACT SCIENCES CORP	COM	30063P105	8,181,693	119,931	SH		SOLE		0	0	119,931
EXTRA SPACE STORAGE INC	COM	30225T102	3,694,330	30,386	SH		SOLE		0	0	30,386
EXXON MOBIL CORP	COM	30231G102	373,317	3,175	SH		SOLE		0	0	3,175
FEDERAL RLTY INVT TR NEW	SH BEN INT NEW	313745101	1,066,987	11,773	SH		SOLE		0	0	11,773
FERRARI N V	COM	N3167Y103	399,786	1,350	SH		SOLE		0	0	1,350
FIRST INDL RLTY TR INC	COM	32054K103	916,821	19,265	SH		SOLE		0	0	19,265
FOUR CORNERS PPTY TR INC	COM	35086T109	275,067	12,396	SH		SOLE		0	0	12,396
GAMING & LEISURE PPTYS INC	COM	36467J108	1,673,279	36,735	SH		SOLE		0	0	36,735
GILEAD SCIENCES INC	COM	375558103	976,094	13,025	SH		SOLE		0	0	13,025
GLOBAL BLUE GROUP HOLDING AG	ORD SHS	H33700107	781,712	128,571	SH		SOLE		0	0	128,571
GLOBAL NET LEASE INC	COM NEW	379378201	262,324	27,297	SH		SOLE		0	0	27,297
GLOBUS MED INC	CL A	379577208	282,409	5,688	SH		SOLE		0	0	5,688
HCA HEALTHCARE INC	COM	40412C101	325,924	1,325	SH		SOLE		0	0	1,325
HDFC BANK LTD	SPONSORED ADS	40415F101	2,356,151	39,928	SH		SOLE		0	0	39,928
HEALTHCARE RLTY TR	CL A COM	42226K105	842,538	55,176	SH		SOLE		0	0	55,176
HEALTHPEAK PROPERTIES INC	COM	42250P103	1,465,458	79,818	SH		SOLE		0	0	79,818
HIGHWOODS PPTYS INC	COM	431284108	307,749	14,932	SH		SOLE		0	0	14,932
HOME DEPOT INC	COM	437076102	1,542,225	5,104	SH		SOLE		0	0	5,104
HONEYWELL INTL INC	COM	438516106	24,448,492	132,340	SH		SOLE		0	0	132,340
HOST HOTELS & RESORTS INC	COM	44107P104	1,651,867	102,792	SH		SOLE		0	0	102,792
HUDSON PAC PPTYS INC	COM	444097109	132,501	19,925	SH		SOLE		0	0	19,925
ICON PLC	SHS	G4705A100	595,186	2,417	SH		SOLE		0	0	2,417
IDEXX LABS INC	COM	45168D104	38,983,495	89,152	SH		SOLE		0	0	89,152
INDEPENDENCE RLTY TR INC	COM	45378A106	453,969	32,265	SH		SOLE		0	0	32,265
INFOSYS LTD	SPONSORED ADR	456788108	1,697,552	99,214	SH		SOLE		0	0	99,214
INNOVATIVE INDL PPTYS INC	COM	45781V101	312,022	4,124	SH		SOLE		0	0	4,124
INTEL CORP	COM	458140100	579,465	16,300	SH		SOLE		0	0	16,300
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	8,052,914	73,195	SH		SOLE		0	0	73,195
INTERNATIONAL BUSINESS MACHS	COM	459200101	429,318	3,060	SH		SOLE		0	0	3,060
INTERNATIONAL FLAVORS&FRAGRA	COM	459506101	28,199,202	413,660	SH		SOLE		0	0	413,660
INTUITIVE SURGICAL INC	COM NEW	46120E602	54,431,121	186,223	SH		SOLE		0	0	186,223
INVENTRUST PPTYS CORP	COM NEW	46124J201	229,266	9,629	SH		SOLE		0	0	9,629
INVESCO QQQ TR	UNIT SER 1	46090E103	25,442,902	71,016	SH		SOLE		0	0	71,016
INVITATION HOMES INC	COM	46187W107	2,815,276	88,838	SH		SOLE		0	0	88,838
IOVANCE BIOTHERAPEUTICS INC	COM	462260100	198,944	43,724	SH		SOLE		0	0	43,724
IRHYTHM TECHNOLOGIES INC	COM	450056106	241,683	2,564	SH		SOLE		0	0	2,564
ISHARES INC	MSCI JPN ETF NEW	46434G822	431,254	7,153	SH		SOLE		0	0	7,153
ISHARES INC	MSCI WORLD ETF	464286392	355,223	2,956	SH		SOLE		0	0	2,956
ISHARES TR	RUS 1000 GRW ETF	464287614	228,751	860	SH		SOLE		0	0	860
ISHARES TR	CORE S&P500 ETF	464287200	15,068,699	35,090	SH		SOLE		0	0	35,090
ISHARES TR	MSCI INDIA ETF	46429B598	206,242	4,664	SH		SOLE		0	0	4,664
ISHARES TR	IBOXX INV CP ETF	464287242	233,728	2,291	SH		SOLE		0	0	2,291
ISHARES TR	3 7 YR TREAS BD	464288661	232,770	2,057	SH		SOLE		0	0	2,057
ISHARES TR	S&P 500 VAL ETF	464287408	10,044,214	65,290	SH		SOLE		0	0	65,290
ISHARES TR	CORE US AGGBD ET	464287226	253,720	2,698	SH		SOLE		0	0	2,698
JBG SMITH PPTYS	COM	46590V100	229,278	15,856	SH		SOLE		0	0	15,856
JOHNSON & JOHNSON	COM	478160104	3,714,015	23,846	SH		SOLE		0	0	23,846
JPMORGAN CHASE & CO	COM	46625H100	27,835,719	191,944	SH		SOLE		0	0	191,944
KENNEDY-WILSON HOLDINGS INC	COM	489398107	266,558	18,084	SH		SOLE		0	0	18,084
KILROY RLTY CORP	COM	49427F108	542,775	17,171	SH		SOLE		0	0	17,171
KIMCO RLTY CORP	COM	49446R109	1,557,718	88,557	SH		SOLE		0	0	88,557
KITE RLTY GROUP TR	COM NEW	49803T300	675,458	31,534	SH		SOLE		0	0	31,534
LAUDER ESTEE COS INC	CL A	518439104	19,728,039	136,479	SH		SOLE		0	0	136,479
LINDE PLC	SHS	G54950103	22,510,047	60,454	SH		SOLE		0	0	60,454
LOCKHEED MARTIN CORP	COM	539830109	449,856	1,100	SH		SOLE		0	0	1,100
LOGITECH INTL S A	SHS	H50430232	967,470	13,986	SH		SOLE		0	0	13,986
LXP INDUSTRIAL TRUST	COM	529043101	373,133	41,925	SH		SOLE		0	0	41,925
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	4,753,940	50,200	SH		SOLE		0	0	50,200
MACERICH CO	COM	554382101	348,084	31,905	SH		SOLE		0	0	31,905
MASTERCARD INCORPORATED	CL A	57636Q104	31,563,133	79,723	SH		SOLE		0	0	79,723
MCDONALDS CORP	COM	580135101	64,574,676	245,121	SH		SOLE		0	0	245,121
MEDICAL PPTYS TRUST INC	COM	58463J304	463,250	85,000	SH		SOLE		0	0	85,000
MEDTRONIC PLC	SHS	G5960L103	23,127,249	295,141	SH		SOLE		0	0	295,141
MERCK & CO INC	COM	58933Y105	29,181,898	283,457	SH		SOLE		0	0	283,457
META PLATFORMS INC	CL A	30303M102	51,119,759	170,280	SH		SOLE		0	0	170,280
MICRON TECHNOLOGY INC	COM	595112103	7,222,881	106,172	SH		SOLE		0	0	106,172
MICROSOFT CORP	COM	594918104	221,524,201	701,581	SH		SOLE		0	0	701,581
MID-AMER APT CMNTYS INC	COM	59522J103	2,177,659	16,927	SH		SOLE		0	0	16,927
MODERNA INC	COM	60770K107	51,055,008	494,288	SH		SOLE		0	0	494,288
MONDELEZ INTL INC	CL A	609207105	19,708,837	283,989	SH		SOLE		0	0	283,989
MOODYS CORP	COM	615369105	19,243,055	60,863	SH		SOLE		0	0	60,863
MORGAN STANLEY	COM NEW	617446448	507,661	6,216	SH		SOLE		0	0	6,216
NATERA INC	COM	632307104	438,031	9,899	SH		SOLE		0	0	9,899
NATIONAL HEALTH INVS INC	COM	63633D104	303,435	5,908	SH		SOLE		0	0	5,908
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	375,738	11,838	SH		SOLE		0	0	11,838
NEOGEN CORP	COM	640491106	2,625,264	141,600	SH		SOLE		0	0	141,600
NETFLIX INC	COM	64110L106	428,576	1,135	SH		SOLE		0	0	1,135
NEXTERA ENERGY INC	COM	65339F101	374,104	6,530	SH		SOLE		0	0	6,530
NIKE INC	CL B	654106103	27,793,579	290,667	SH		SOLE		0	0	290,667
NNN REIT INC	COM	637417106	930,962	26,343	SH		SOLE		0	0	26,343
NOVAGOLD RES INC	COM NEW	66987E206	15,384,462	4,000,000	SH		SOLE		0	0	4,000,000
NVIDIA CORPORATION	COM	67066G104	66,737,471	153,423	SH		SOLE		0	0	153,423
OMEGA HEALTHCARE INVS INC	COM	681936100	1,133,376	34,179	SH		SOLE		0	0	34,179
OTIS WORLDWIDE CORP	COM	68902V107	6,408,738	79,800	SH		SOLE		0	0	79,800
PALO ALTO NETWORKS INC	COM	697435105	4,213,121	17,971	SH		SOLE		0	0	17,971
PARAMOUNT GROUP INC	COM	69924R108	116,881	25,299	SH		SOLE		0	0	25,299
PARK HOTELS & RESORTS INC	COM	700517105	389,780	31,638	SH		SOLE		0	0	31,638
PARKER-HANNIFIN CORP	COM	701094104	841,363	2,160	SH		SOLE		0	0	2,160
PAYPAL HLDGS INC	COM	70450Y103	1,077,944	18,439	SH		SOLE		0	0	18,439
PEBBLEBROOK HOTEL TR	COM	70509V100	244,008	17,955	SH		SOLE		0	0	17,955
PEPSICO INC	COM	713448108	65,814,393	388,423	SH		SOLE		0	0	388,423
PERRIGO CO PLC	SHS	G97822103	276,368	8,650	SH		SOLE		0	0	8,650
PFIZER INC	COM	717081103	836,680	25,224	SH		SOLE		0	0	25,224
PHILLIPS EDISON & CO INC	COMMON STOCK	71844V201	568,671	16,955	SH		SOLE		0	0	16,955
PHYSICIANS RLTY TR	COM	71943U104	412,851	33,868	SH		SOLE		0	0	33,868
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	106,505	18,951	SH		SOLE		0	0	18,951
PROCTER AND GAMBLE CO	COM	742718109	7,758,439	53,191	SH		SOLE		0	0	53,191
PROLOGIS INC.	COM	74340W103	15,094,265	134,518	SH		SOLE		0	0	134,518
PTC INC	COM	69370C100	507,498	3,582	SH		SOLE		0	0	3,582
PUBLIC STORAGE	COM	74460D109	6,010,101	22,807	SH		SOLE		0	0	22,807
PURE STORAGE INC	CL A	74624M102	367,990	10,331	SH		SOLE		0	0	10,331
RANGE RES CORP	COM	75281A109	27,179,026	838,600	SH		SOLE		0	0	838,600
REALTY INCOME CORP	COM	756109104	4,862,558	97,368	SH		SOLE		0	0	97,368
REGENCY CTRS CORP	COM	758849103	1,557,863	26,209	SH		SOLE		0	0	26,209
REPLIGEN CORP	COM	759916109	342,349	2,153	SH		SOLE		0	0	2,153
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	221,144	17,863	SH		SOLE		0	0	17,863
REXFORD INDL RLTY INC	COM	76169C100	1,492,541	30,244	SH		SOLE		0	0	30,244
RIO TINTO PLC	SPONSORED ADR	767204100	4,197,503	65,957	SH		SOLE		0	0	65,957
RLJ LODGING TR	COM	74965L101	218,944	22,364	SH		SOLE		0	0	22,364
ROCKWELL AUTOMATION INC	COM	773903109	351,334	1,229	SH		SOLE		0	0	1,229
ROLLINS INC	COM	775711104	2,646,697	70,900	SH		SOLE		0	0	70,900
ROYALTY PHARMA PLC	SHS CLASS A	G7709Q104	1,357,000	50,000	SH		SOLE		0	0	50,000
RPT REALTY	SH BEN INT	74971D101	124,302	11,771	SH		SOLE		0	0	11,771
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	686,560	8,244	SH		SOLE		0	0	8,244
S&P GLOBAL INC	COM	78409V104	8,447,548	23,118	SH		SOLE		0	0	23,118
SABRA HEALTH CARE REIT INC	COM	78573L106	453,426	32,527	SH		SOLE		0	0	32,527
SALESFORCE INC	COM	79466L302	37,592,168	185,384	SH		SOLE		0	0	185,384
SCHLUMBERGER LTD	COM STK	806857108	3,080,397	52,837	SH		SOLE		0	0	52,837
SEA LTD	SPONSORD ADS	81141R100	632,221	14,385	SH		SOLE		0	0	14,385
SERVICE PPTYS TR	COM SH BEN INT	81761L102	189,212	24,605	SH		SOLE		0	0	24,605
SHERWIN WILLIAMS CO	COM	824348106	2,948,378	11,560	SH		SOLE		0	0	11,560
SIMON PPTY GROUP INC NEW	COM	828806109	5,093,290	47,147	SH		SOLE		0	0	47,147
SITE CTRS CORP	COM	82981J109	331,640	26,897	SH		SOLE		0	0	26,897
SL GREEN RLTY CORP	COM	78440X887	356,551	9,559	SH		SOLE		0	0	9,559
SNOWFLAKE INC	CL A	833445109	2,551,259	16,700	SH		SOLE		0	0	16,700
SOPHIA GENETICS SA	ORDINARY SHARES	H82027105	580,380	227,600	SH		SOLE		0	0	227,600
SPDR GOLD TR	GOLD SHS	78463V107	7,583,576	44,232	SH		SOLE		0	0	44,232
SPDR S&P 500 ETF TR	TR UNIT	78462F103	18,746,708	43,854	SH		SOLE		0	0	43,854
SPDR SER TR	S&P BIOTECH	78464A870	281,127	3,850	SH		SOLE		0	0	3,850
SPIRIT RLTY CAP INC NEW	COM NEW	84860W300	676,367	20,172	SH		SOLE		0	0	20,172
STAG INDL INC	COM	85254J102	904,369	26,206	SH		SOLE		0	0	26,206
STARBUCKS CORP	COM	855244109	7,811,252	85,584	SH		SOLE		0	0	85,584
STRYKER CORPORATION	COM	863667101	599,828	2,195	SH		SOLE		0	0	2,195
SUMMIT HOTEL PPTYS INC	COM	866082100	88,427	15,246	SH		SOLE		0	0	15,246
SUN CMNTYS INC	COM	866674104	2,110,594	17,835	SH		SOLE		0	0	17,835
SUNSTONE HOTEL INVS INC NEW	COM	867892101	287,148	30,711	SH		SOLE		0	0	30,711
T-MOBILE US INC	COM	872590104	490,175	3,500	SH		SOLE		0	0	3,500
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	24,111,274	277,460	SH		SOLE		0	0	277,460
TANGER FACTORY OUTLET CTRS I	COM	875465106	325,327	14,395	SH		SOLE		0	0	14,395
TENET HEALTHCARE CORP	COM NEW	88033G407	330,965	5,023	SH		SOLE		0	0	5,023
TERRENO RLTY CORP	COM	88146M101	686,655	12,089	SH		SOLE		0	0	12,089
TESLA INC	COM	88160R101	3,680,486	14,709	SH		SOLE		0	0	14,709
TEVA PHARMACEUTICAL INDS LTD	SPONSORED ADS	881624209	13,770,000	1,350,000	SH		SOLE		0	0	1,350,000
TEXAS INSTRS INC	COM	882508104	10,321,339	64,910	SH		SOLE		0	0	64,910
THE CIGNA GROUP	COM	125523100	7,440,967	26,011	SH		SOLE		0	0	26,011
THERMO FISHER SCIENTIFIC INC	COM	883556102	58,883,262	116,331	SH		SOLE		0	0	116,331
TJX COS INC NEW	COM	872540109	751,836	8,459	SH		SOLE		0	0	8,459
TRICON RESIDENTIAL INC	COM NPV	89612W102	282,268	38,011	SH		SOLE		0	0	38,011
UDR INC	COM	902653104	1,708,201	47,889	SH		SOLE		0	0	47,889
UNION PAC CORP	COM	907818108	607,428	2,983	SH		SOLE		0	0	2,983
UNIQURE NV	SHS	N90064101	76,809	11,447	SH		SOLE		0	0	11,447
UNITED PARCEL SERVICE INC	CL B	911312106	376,894	2,418	SH		SOLE		0	0	2,418
UNITEDHEALTH GROUP INC	COM	91324P102	100,669,601	199,666	SH		SOLE		0	0	199,666
URBAN EDGE PPTYS	COM	91704F104	244,114	15,997	SH		SOLE		0	0	15,997
VALARIS LTD	CL A	G9460G101	27,063,431	360,942	SH		SOLE		0	0	360,942
VANECK ETF TRUST	OIL SERVICES ETF	92189H607	28,565,862	82,790	SH		SOLE		0	0	82,790
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	6,159,500	15,685	SH		SOLE		0	0	15,685
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	438,275	5,832	SH		SOLE		0	0	5,832
VENTAS INC	COM	92276F100	2,448,848	58,126	SH		SOLE		0	0	58,126
VERIS RESIDENTIAL INC	COM	554489104	190,608	11,552	SH		SOLE		0	0	11,552
VERIZON COMMUNICATIONS INC	COM	92343V104	749,481	23,125	SH		SOLE		0	0	23,125
VERTEX PHARMACEUTICALS INC	COM	92532F100	399,553	1,149	SH		SOLE		0	0	1,149
VICI PPTYS INC	COM	925652109	4,244,846	145,871	SH		SOLE		0	0	145,871
VISA INC	COM CL A	92826C839	96,477,464	419,449	SH		SOLE		0	0	419,449
VODAFONE GROUP PLC NEW	SPONSORED ADR	92857W308	155,662	16,420	SH		SOLE		0	0	16,420
VORNADO RLTY TR	SH BEN INT	929042109	583,851	25,743	SH		SOLE		0	0	25,743
WALMART INC	COM	931142103	1,215,468	7,600	SH		SOLE		0	0	7,600
WEATHERFORD INTL PLC	ORD SHS	G48833118	11,291,250	125,000	SH		SOLE		0	0	125,000
WELLS FARGO CO NEW	COM	949746101	27,013,404	661,121	SH		SOLE		0	0	661,121
WELLTOWER INC	COM	95040Q104	5,923,308	72,306	SH		SOLE		0	0	72,306
WEST PHARMACEUTICAL SVSC INC	COM	955306105	349,321	931	SH		SOLE		0	0	931
WEYERHAEUSER CO MTN BE	COM NEW	962166104	620,988	20,254	SH		SOLE		0	0	20,254
WORKDAY INC	CL A	98138H101	429,055	1,997	SH		SOLE		0	0	1,997
WP CAREY INC	COM	92936U109	1,669,504	30,871	SH		SOLE		0	0	30,871
XENIA HOTELS & RESORTS INC	COM	984017103	179,657	15,251	SH		SOLE		0	0	15,251
ZEBRA TECHNOLOGIES CORPORATI	CL A	989207105	13,445,075	56,843	SH		SOLE		0	0	56,843
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	8,269,380	73,689	SH		SOLE		0	0	73,689
ZOETIS INC	CL A	98978V103	77,614,740	446,113	SH		SOLE		0	0	446,113