Alpine Woods Capital Investors 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
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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
3M CO	COM	88579Y101	525	3,000	SH		SOLE	1	0	0	3,000
ABBOTT LABS	COM	002824100	1,381	35,133	SH		SOLE	1	22,000	0	13,133
ABBVIE INC	COM	00287Y109	2,008	32,433	SH		SOLE	1	20,000	0	12,433
ACADIA HEALTHCARE CO INC	COM	00404A109	424	7,650	SH		SOLE	1	400	0	7,250
AETNA INC	COM	00817Y108	1,099	9,000	SH		SOLE		0	0	0
AFFILIATED MANAGERS GROUP	COM	008252108	282	2,000	SH		SOLE		0	0	0
AGROFRESH SOLUTIONS INC	COM	00856G109	259	48,820	SH		SOLE		0	0	0
AIR PRODS & CHEMS INC	COM	009158106	753	5,300	SH		SOLE		0	0	0
ALBEMARLE CORP	COM	012653101	634	8,000	SH		SOLE		0	0	0
ALEXANDERS INC	COM	014752109	6,675	16,312	SH		SOLE	1	7,900	0	8,412
ALEXANDRIA REAL ESTATE EQ INC	COM	015271109	5,935	57,328	SH		SOLE	1	51,528	0	5,800
ALLERGAN PLC	SHS	G0177J108	2,295	9,933	SH		SOLE	1	6,883	0	3,050
ALLY FINANCIAL INC	COM	02005N100	273	16,000	SH		SOLE		0	0	0
ALPHABET INC	CAP STK CL C	02079K107	14,403	20,810	SH		SOLE	1	19,274	0	1,536
ALPHABET INC	CAP STK CL A	02079K305	829	11,785	SH		SOLE	1	10,250	0	1,535
ALPINE GLOBAL PREMIER PPTYS FD	COM SBI	02083A103	4,558	830,259	SH		SOLE		0	0	830,259
ALPINE TOTAL DYNAMIC DIVID FD	COM SH BEN INT N	021060207	3,872	533,269	SH		SOLE		0	0	533,269
ALTISOURCE RESIDENTI	CL B	02153W100	238	25,897	SH		SOLE		0	0	0
AMBARELLA INC	SHS	G037AX101	1,316	25,900	SH		SOLE		0	0	0
AMERCO	COM	023586100	6,180	16,500	SH		SOLE	1	11,700	0	4,800
AMERICAN ASSETS TRUST INC	COM	024013104	1,108	26,114	SH		SOLE		0	0	0
AMERICAN CAMPUS COMMUNITIES	COM	024835100	793	15,000	SH		SOLE		0	0	0
AMERICAN ELEC PWR INC	COM	025537101	2,544	36,300	SH		SOLE	1	26,000	0	10,300
AMERICAN INTL GROUP INC	COM NEW	026874784	214	4,038	SH		SOLE		0	0	0
AMERICAN TOWER CORP	COM	03027X100	21,134	186,023	SH		SOLE		0	0	0
AMETEK INC NEW	COM	031100100	342	7,400	SH		SOLE		0	0	7,400
AMGEN INC	COM	031162100	3,941	25,900	SH		SOLE	1	18,500	0	7,400
ANADARKO PETE CORP	COM	032511107	6,102	114,600	SH		SOLE		0	0	0
ANHEUSER-BUSCH INBEV	SPONSORED ADR	03524A108	15,538	118,000	SH		SOLE		0	0	0
ANSYS INC	COM	03662Q105	844	9,300	SH		SOLE		0	0	0
ANTHEM INC	COM	036752103	4,853	36,950	SH		SOLE	1	34,300	0	2,650
ANWORTH MORTGAGE ASSET CP	COM	037347101	80	17,000	SH		SOLE		0	0	0
APACHE CORP	COM	037411105	863	15,500	SH		SOLE		0	0	0
APOGEE ENTERPRISES INC	COM	037598109	827	17,850	SH		SOLE	1	800	0	17,050
APOLLO COML REAL EST FIN INC	COM	03762U105	750	46,644	SH		SOLE		0	0	0
APPLE INC	COM	037833100	32,334	338,217	SH		SOLE	1	335,007	0	3,210
APPLIED MATLS INC	COM	038222105	9,264	386,500	SH		SOLE		0	0	0
ARAMARK	COM	03852U106	9,023	270,000	SH		SOLE		0	0	0
ARES CAPITAL CORP	COM	04010L103	4,624	325,600	SH		SOLE		0	0	0
ASHFORD HOSPITALITY PRIME IN	COM	044102101	424	30,000	SH		SOLE		0	0	0
ASTRAZENECA PLC	SPONSORED ADR	046353108	9,102	301,500	SH		SOLE		0	0	0
AT&T INC	COM	00206R102	4,807	111,252	SH		SOLE	1	99,000	0	12,252
ATLANTICA YIELD PLC	SHS	G0751N103	2,877	154,839	SH		SOLE		0	0	0
AVALONBAY CMNTYS INC	COM	053484101	13,725	76,085	SH		SOLE		0	0	0
BANK COMM HLDGS	COM	06424J103	231	34,981	SH		SOLE		0	0	0
BANK MUTUAL CORP	COM	063750103	100	13,000	SH		SOLE		0	0	0
BANK OF AMERICA CORPORATION	COM	060505104	21,558	1,624,570	SH		SOLE	1	1,502,715	0	121,855
BANK OF NEW YORK MELLON CORP	COM	064058100	1,545	39,766	SH		SOLE	1	0	0	39,766
BANK OF THE OZARKS	COM	063904106	1,452	38,700	SH		SOLE	1	29,000	0	9,700
BANKRATE INC	COM	06647F102	75	10,000	SH		SOLE		0	0	0
BANKUNITED INC	COM	06652K103	246	8,000	SH		SOLE		0	0	0
BECTON DICKINSON & CO	COM	075887109	4,575	26,978	SH		SOLE	1	21,000	0	5,978
BERKSHIRE HILLS BANCORP INC	COM	084680107	390	14,500	SH		SOLE		0	0	0
BGC PARTNERS INC	CL A	05541T101	148	17,000	SH		SOLE		0	0	0
BLACK HILLS CORP	COM	092113109	240	3,800	SH		SOLE	1	0	0	3,800
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	245	10,000	SH		SOLE		0	0	0
BLUE HILLS BANCORP INC	COM	095573101	148	10,000	SH		SOLE		0	0	0
BOSTON PROPERTIES INC	COM	101121101	16,931	128,361	SH		SOLE	1	123,511	0	4,850
BP PLC	SPONSORED ADR	055622104	15,145	426,500	SH		SOLE		0	0	0
BRF SA	SPONSORED ADR	10552T107	6,185	444,000	SH		SOLE		0	0	0
BRISTOW GROUP INC	COM	110394103	281	24,600	SH		SOLE		0	0	0
BROADCOM LTD	SHS	Y09827109	13,939	89,700	SH		SOLE	1	87,100	0	2,600
BROOKDALE SR LIVING INC	COM	112463104	3,860	250,000	SH		SOLE		0	0	0
BROOKLINE BANCORP INC DEL	COM	11373M107	320	29,000	SH		SOLE		0	0	0
BRYN MAWR BANK CORP	COM	117665109	394	13,500	SH		SOLE		0	0	0
BT GROUP PLC	ADR	05577E101	13,098	470,300	SH		SOLE		0	0	0
CALIFORNIA UTD BK ENCINO CA	COM	126534106	269	11,815	SH		SOLE		0	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	1,919	21,700	SH		SOLE		0	0	0
CAMPBELL SOUP CO	COM	134429109	220	3,300	SH		SOLE	1	0	0	3,300
CANADIAN PACIFIC RAILWAY LTD	COM	13645T100	9,633	74,800	SH		SOLE		0	0	0
CAPITAL ONE FINL CORP	COM	14040H105	586	9,228	SH		SOLE	1	1,000	0	8,228
CARE CAPITAL PROPERTIES INC	COM	141624106	516	19,678	SH		SOLE		0	0	0
CARLISLE COS INC	COM	142339100	278	2,628	SH		SOLE	1	0	0	2,628
CASEYS GENERAL STORES INC	COM	147528103	855	6,500	SH		SOLE		0	0	0
CATHAY GENERAL BANCORP	COM	149150104	2,403	85,200	SH		SOLE	1	35,000	0	50,200
CAVCO INDUSTRIES INC	COM	149568107	351	3,744	SH		SOLE		0	0	0
CBL & ASSOC PPTYS INC	COM	124830100	2,963	318,191	SH		SOLE		0	0	0
CBS CORP NEW	CL B	124857202	13,528	248,500	SH		SOLE	��	0	0	0
CENTENE CORP	COM	15135B101	285	4,000	SH		SOLE		0	0	0
CENTERSTATE BANKS INC	COM	15201P109	362	23,000	SH		SOLE		0	0	0
CENTRAL FED CORP	COM NEW	15346Q202	47	34,400	SH		SOLE		0	0	0
CERNER CORP	COM	156782104	1,406	24,000	SH		SOLE		0	0	0
CHART INDUSTRIES INC	COM PAR $0.01	16115Q308	338	14,000	SH		SOLE		0	0	0
CHATHAM LODGING TR	COM	16208T102	794	36,121	SH		SOLE		0	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	922	39,658	SH		SOLE		0	0	0
CHEVRON CORP NEW	COM	166764100	6,330	60,386	SH		SOLE	1	57,800	0	2,586
CIA SANEAMENTO BASICO DE	SPONSORED ADR	20441A102	2,641	294,800	SH		SOLE		0	0	0
CINEMARK HOLDINGS INC	COM	17243V102	2,370	65,000	SH		SOLE		0	0	0
CINTAS CORP	COM	172908105	343	3,500	SH		SOLE	1	0	0	3,500
CISCO SYS INC	COM	17275R102	6,269	218,500	SH		SOLE		0	0	0
CITIGROUP INC	COM NEW	172967424	9,081	214,225	SH		SOLE		0	0	0
CITIZENS FINANCIAL GROUP	COM	C105	13,226	661,967	SH		SOLE		0	0	0
CME GROUP INC	COM	12572Q105	8,484	87,100	SH		SOLE	1	78,000	0	9,100
CMS ENERGY CORP	COM	125896100	23,907	521,300	SH		SOLE	1	511,000	0	10,300
COLONY CAPITAL INC	CL A	19624R106	19,505	1,270,707	SH		SOLE	1	1,242,007	0	28,700
COLONY STARWOOD HOMES	COM	19625X102	6,449	212,000	SH		SOLE		0	0	0
COMCAST CORP NEW	CL A	20030N101	12,221	187,461	SH		SOLE		0	0	0
CONAGRA FOODS INC	COM	205887102	908	19,000	SH		SOLE		0	0	0
CONSOLIDATED EDISON INC	COM	209115104	1,079	13,410	SH		SOLE	1	0	0	13,410
CORESITE REALTY CORP	COM	21870Q105	3,433	38,711	SH		SOLE		0	0	0
CORRECTIONS CORP OF AMERICA NEW	COM NEW	22025Y407	2,556	73,000	SH		SOLE		0	0	0
COUSINS PPTYS INC	COM	222795106	386	37,087	SH		SOLE		0	0	0
CPI CARD GROUP INC	COM	12634H101	80	16,000	SH		SOLE		0	0	0
CRACKER BARREL OLD COUNTRY	COM	22410J106	2,572	15,000	SH		SOLE		0	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	3,905	38,500	SH		SOLE		0	0	0
CSRA INC	COM	12650T104	7,123	304,000	SH		SOLE		0	0	0
CSX CORP	COM	126408103	913	35,000	SH		SOLE		0	0	0
CULLEN FROST BANKERS INC	COM	229899109	746	11,700	SH		SOLE	1	6,000	0	5,700
CVS CAREMARK CORPORATION	COM	126650100	25,621	267,606	SH		SOLE		0	0	0
CYRUSONE INC	COM	23283R100	1,635	29,377	SH		SOLE		0	0	0
D R HORTON INC	COM	23331A109	2,623	83,326	SH		SOLE	1	56,000	0	27,326
DARDEN RESTAURANTS INC	COM	237194105	7,601	120,000	SH		SOLE		0	0	0
DDR CORP	COM	23317H102	455	25,075	SH		SOLE		0	0	0
DELPHI AUTOMOTIVE PLC	SHS	G27823106	5,171	82,600	SH		SOLE		0	0	0
DELTA AIR LINES INC	COM NEW	247361702	10,455	287,000	SH		SOLE		0	0	0
DELUXE CORP	COM	248019101	4,646	70,000	SH		SOLE	1	56,500	0	13,500
DESCARTES SYSTEMS GRP/THE	COM	249906108	272	14,232	SH		SOLE		0	0	0
DICK'S SPORTING GOODS INC	COM	253393102	10,093	224,000	SH		SOLE		0	0	0
DIGITAL REALTY TRUST INC	COM	253868103	19,880	182,400	SH		SOLE	1	170,100	0	12,300
DIREXION SHS ETF TR	DLY FIN BULL NEW	25459Y694	522	20,500	SH		SOLE		0	0	0
DISCOVER FINL SVCS	COM	254709108	15,059	281,000	SH		SOLE		0	0	0
DISH NETWORK CORP.	CL A	25470M109	2,374	45,300	SH		SOLE		0	0	0
DOLLAR GENERAL CORP	COM	256677105	14,006	149,000	SH		SOLE		0	0	0
DOMINION RES INC VA NEW	COM	25746U109	888	11,400	SH		SOLE		0	0	0
DOUGLAS EMMETT INC	COM	25960P109	2,114	59,509	SH		SOLE		0	0	0
DTE ENERGY COMPANY	COM	233331107	3,281	33,100	SH		SOLE		0	0	0
DU PONT E I DE NEMOURS & CO	COM	263534109	156	24,200	SH		SOLE	1	15,000	0	9,200
DUKE ENERGY CORP NEW	COM NEW	26441C204	1,683	19,619	SH		SOLE	1	0	0	19,619
DUKE REALTY CORP	COM NEW	264411505	1,205	45,196	SH		SOLE		0	0	0
DUPONT FABROS TECHNOLOGY INC	COM	26613Q106	2,413	50,752	SH		SOLE		0	0	0
DYCOM INDUSTRIES INC	COM	267475101	1,088	12,121	SH		SOLE		0	0	0
E HOUSE CHINA HLDGS LTD	ADR	26852W103	78	12,000	SH		SOLE		0	0	0
E M C CORP MASS	COM	268648102	19,902	732,500	SH		SOLE		0	0	0
EAGLE PHARMACEUTICALS INC	COM	269796108	272	7,000	SH		SOLE		0	0	0
EAST WEST BANCORP INC	COM	27579R104	735	21,500	SH		SOLE		0	0	0
ECOLAB INC	COM	278865100	676	5,700	SH		SOLE	1	0	0	5,700
EDWARDS LIFESCIENCES CORP	COM	28176E108	2,026	20,312	SH		SOLE		0	0	0
EMPIRE STATE REALTY TRUST IN	CL A	292104106	863	45,455	SH		SOLE		0	0	0
ENBRIDGE INC	COM	29250N105	10,971	259,000	SH		SOLE		0	0	0
ENBRIDGE INC	COM	29250N105	3,800	89,700	SH		SOLE		0	0	0
ENDURANCE SPECIALTY HOLDINGS	SHS	G30397106	1,545	23,000	SH		SOLE		0	0	0
ENNIS INC	COM	293389102	1,055	55,000	SH		SOLE		0	0	0
ENTERPRISE FINANCIAL SERVICE	COM	293712105	358	12,820	SH		SOLE		0	0	0
EOG RESOURCES INC	COM	26875P101	6,015	72,100	SH		SOLE		0	0	0
EPR PROPERTIES	COM SH BEN INT	26884U109	727	9,012	SH		SOLE		0	0	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	2,313	28,900	SH		SOLE		0	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	4,802	69,710	SH		SOLE		0	0	0
ESSENT GROUP LTD	COM	G3198U102	338	15,490	SH		SOLE		0	0	0
ESSEX PPTY TR INC	COM	297178105	5,475	24,005	SH		SOLE		0	0	0
EVERBANK FINANCIAL CORP	COM	29977G102	1,456	98,000	SH		SOLE		0	0	0
EVERCORE PARTNERS INC	CLASS A	29977A105	5,170	117,000	SH		SOLE		0	0	0
EVERSOURCE ENERGY	COM	30040W108	2,564	42,800	SH		SOLE	1	39,100	0	3,700
EXELON CORP	COM	30161N101	1,651	45,400	SH		SOLE		0	0	0
EXPEDIA INC DEL	COM NEW	30212P303	223	2,100	SH		SOLE	1	0	0	2,100
EXPRESS SCRIPTS INC	COM	30219G108	6,118	80,711	SH		SOLE	1	51,584	0	29,127
EXTENDED STAY AMERICA INC	UNIT 99/99/9999B	30224P200	1,308	87,464	SH		SOLE		0	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	1,619	17,500	SH		SOLE		0	0	0
EXXON MOBIL CORP	COM	30231G102	9,019	96,211	SH		SOLE	1	82,600	0	13,611
FAIR ISAAC CORP	COM	303250104	1,013	8,964	SH		SOLE		0	0	0
FCB FINANCIAL HOLDINGS INC	CL A	30255G103	459	13,500	SH		SOLE		0	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	2,003	12,100	SH		SOLE		0	0	0
FEDEX CORP	COM	31428X106	18,798	123,850	SH		SOLE	1	112,400	0	11,450
FIDELITY NATIONAL FINANCIAL	FNF GROUP COM	31620R303	225	6,000	SH		SOLE		0	0	0
FIRST MERCHANTS CORP	COM	320817109	224	9,000	SH		SOLE		0	0	0
FIRSTENERGY CORP	COM	337932107	398	11,400	SH		SOLE	1	0	0	11,400
FISERV INC	COM	337738108	4,731	43,513	SH		SOLE	1	39,000	0	4,513
FIVE OAKS INVESTMENT CORP	COM	33830W106	82	15,000	SH		SOLE		0	0	0
FLEETMATICS GROUP PLC	COM	G35569105	373	8,598	SH		SOLE		0	0	0
FLIR SYS INC	COM	302445101	2,278	73,600	SH		SOLE		0	0	0
FNB CORP PA	COM	302520101	188	15,000	SH		SOLE		0	0	0
FOOT LOCKER INC	COM	344849104	6,172	112,500	SH		SOLE		0	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,096	87,170	SH		SOLE		0	0	0
FOREST CITY REALTY TRUST	COM CL A	345605109	486	21,800	SH		SOLE		0	0	0
FORTRESS INVESTMENT GROUP LLC	CL A	34958B106	1,142	258,300	SH		SOLE		0	0	0
FOUR CORNERS PROPERTY TRUST	COM	35086T109	3,569	173,328	SH		SOLE		0	0	0
G & K SERVICES INC	CL A	361268105	3,139	41,000	SH		SOLE	1	34,000	0	7,000
GARMIN LTD	SHS	H2906T109	458	10,800	SH		SOLE		0	0	0
GARRISON CAPITAL INC	COM	366554103	121	12,000	SH		SOLE		0	0	0
GATX CORP	COM	361448103	1,992	45,300	SH		SOLE	1	23,500	0	21,800
GENERAC HOLDINGS INC	COM	368736104	2,171	62,100	SH		SOLE	1	56,000	0	6,100
GENERAL ELECTRIC CO	COM	369604103	668	21,216	SH		SOLE	1	0	0	21,216
GENERAL GROWTH PPTYS INC	COM	370023103	2,368	79,400	SH		SOLE		0	0	0
GENESEE & WYOMING INC	CL A	371559105	1,603	27,200	SH		SOLE		0	0	0
GEO GROUP INC	COM	36162J106	17,835	521,800	SH		SOLE		0	0	0
GILEAD SCIENCES INC	COM	375558103	8,292	99,400	SH		SOLE	1	93,000	0	6,400
GLACIER BANCORP INC	COM	37637Q105	694	26,100	SH		SOLE	1	0	0	26,100
GRANA Y MONTERO SA	SPONSORED ADR	38500P208	1,269	177,755	SH		SOLE		0	0	0
GREEN BANCORP INC	COM	39260X100	157	18,000	SH		SOLE		0	0	0
GREENBRIER COMPANIES INC	COM	393657101	824	28,300	SH		SOLE		0	0	0
GREENLIGHT CAPITAL RE LTD	CLASS A	G4095J109	343	17,025	SH		SOLE		0	0	0
HARMAN INTL INDS INC	COM	413086109	661	9,200	SH		SOLE		0	0	0
HARRIS CORP DEL	COM	413875105	19,156	229,575	SH		SOLE	1	209,900	0	19,675
HARTFORD FINL SVCS GROUP INC	COM	416515104	1,509	34,000	SH		SOLE		0	0	0
HAWAIIAN ELEC INDUSTRIES	COM	419870100	1,030	31,400	SH		SOLE	1	2,000	0	29,400
HCA HOLDINGS INC	COM	40412C101	5,907	76,700	SH		SOLE		0	0	0
HCP INC	COM	40414L109	1,659	46,887	SH		SOLE		0	0	0
HEICO CORP	CL A	422806208	430	8,009	SH		SOLE		0	0	0
HENRY SCHEIN INC	COM	806407102	4,433	25,073	SH		SOLE	1	17,000	0	8,073
HEXCEL CORP NEW	COM	428291108	1,166	28,000	SH		SOLE		0	0	0
HILTON WORLDWIDE HOLDINGS INC	COM	43300A104	10,499	465,991	SH		SOLE		0	0	0
HOME DEPOT INC	COM	437076102	16,664	130,500	SH		SOLE	1	124,000	0	6,500
HOST HOTELS & RESORTS INC	COM	44107P104	1,451	89,500	SH		SOLE	1	75,900	0	13,600
HOVNANIAN ENTERPRISES INC	CL A	442487203	17	10,000	SH		SOLE	1	0	0	10,000
HOWARD HUGHES CORP	COM	44267D107	6,917	60,500	SH		SOLE		0	0	0
HUDSON PACIFIC PROPERTIES IN	COM	444097109	508	17,414	SH		SOLE		0	0	0
HUMANA INC	COM	444859102	14,912	82,900	SH		SOLE		0	0	0
ICU MEDICAL INC	COM	44930G107	308	2,736	SH		SOLE		0	0	0
ILLUMINA INC	COM	452327109	4,562	32,500	SH		SOLE		0	0	0
INC RESEARCH HOLDINGS INC	CL A	45329R109	270	7,069	SH		SOLE		0	0	0
INGERSOLL-RAND PLC	SHS	G47791101	955	15,000	SH		SOLE		0	0	0
INTEL CORP	COM	458140100	9,351	285,084	SH		SOLE	1	258,500	0	26,584
INTERNATIONAL BUSINESS MACHS	COM	459200101	1,812	11,940	SH		SOLE	1	0	0	11,940
INTL FLAVORS & FRAGRANCES	COM	459506101	2,654	21,050	SH		SOLE	1	10,400	0	10,650
INTRA-CELLULAR THERAPIES INC	COM	46116X101	2,063	53,144	SH		SOLE	1	34,444	0	18,700
INTUITIVE SURGICAL INC	COM NEW	46120E602	4,597	6,950	SH		SOLE	1	5,500	0	1,450
INVESCO LTD	SHS	G491BT108	3,882	152,000	SH		SOLE		0	0	0
IONIS PHARMACEUTICALS INC	COM	462222100	233	10,000	SH		SOLE		0	0	0
IPG PHOTONICS CORP	COM	44980X109	400	5,000	SH		SOLE		0	0	0
ITC HLDGS CORP	COM	465685105	1,877	40,100	SH		SOLE	1	34,400	0	5,700
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	4,405	31,170	SH		SOLE	1	23,300	0	7,870
JOHNSON & JOHNSON	COM	478160104	16,458	135,681	SH		SOLE	1	32,530	0	103,151
JPMORGAN ALERIAN MLP INDEX	ALERIAN ML ETN	46625H365	1,241	39,000	SH		SOLE	1	0	0	39,000
JPMORGAN CHASE & CO	COM	46625H100	4,327	69,627	SH		SOLE	1	46,000	0	23,627
JUNIPER NETWORKS INC	COM	48203R104	877	39,000	SH		SOLE		0	0	0
JUNO THERAPEUTICS INC	COM	48205A109	500	13,000	SH		SOLE		0	0	0
JUST ENERGY GROUP INC	COM	48213W101	64	10,500	SH		SOLE	1	0	0	10,500
KANSAS CITY SOUTHERN	COM NEW	485170302	7,207	80,000	SH		SOLE		0	0	0
KENNEDY-WILSON HLDGS INC	COM	489398107	653	34,461	SH		SOLE		0	0	0
KEYCORP NEW	COM	493267108	221	20,000	SH		SOLE		0	0	0
KILROY RLTY CORP	COM	49427F108	15,895	239,773	SH		SOLE		0	0	0
KIMCO REALTY CORP	COM	49446R109	1,610	51,300	SH		SOLE		0	0	0
KINDER MORGAN HOLDCO LLC	COM	49456B101	9,285	496,000	SH		SOLE		0	0	0
KITE PHARMA INC	COM	49803L109	750	15,000	SH		SOLE		0	0	0
KKR & CO L P DEL	COM UNITS	48248M102	148	12,000	SH		SOLE		0	0	0
KRAFT HEINZ CO/THE	COM	500754106	13,953	157,700	SH		SOLE	1	154,500	0	3,200
KROGER CO	COM	501044101	1,140	31,000	SH		SOLE		0	0	0
LABORATORY CRP OF AMER HLDGS	COM NEW	50540R409	1,342	10,300	SH		SOLE	1	7,000	0	3,300
LAKELAND BANCORP INC	COM	511637100	148	13,000	SH		SOLE		0	0	0
LEGG MASON INC	COM	524901105	1,032	35,000	SH		SOLE		0	0	0
LENNAR CORP	CL A	526057104	21,768	472,200	SH		SOLE	1	449,900	0	22,300
LENNAR CORP	CL B	526057302	507	13,620	SH		SOLE		0	0	0
LGI HOMES INC	COM	50187T106	11,703	366,407	SH		SOLE	1	339,807	0	26,600
LIBERTY PROPERTY TRUST	SH BEN INT	531172104	942	23,708	SH		SOLE		0	0	0
LIGAND PHARMACEUTICALS INC	COM NEW	53220K504	264	2,217	SH		SOLE		0	0	0
LITHIA MOTORS INC	CL A	536797103	247	3,473	SH		SOLE		0	0	0
LIVE NATION ENTERTAINMENT IN	COM	538034109	401	17,058	SH		SOLE		0	0	0
LOCKHEED MARTIN CORP	COM	539830109	670	2,700	SH		SOLE	1	200	0	2,500
LOWES COS INC	COM	548661107	1,029	13,000	SH		SOLE		0	0	0
M & T BK CORP	COM	55261F104	8,395	71,005	SH		SOLE	1	0	0	71,005
MACERICH CO	COM	554382101	2,726	31,928	SH		SOLE		0	0	0
MACK CALI RLTY CORP	COM	554489104	405	15,000	SH		SOLE		0	0	0
MACKINAC FINANCIAL CORP	COM	554571109	121	11,000	SH		SOLE		0	0	0
MAGNA INTL INC	COM	559222401	586	16,700	SH		SOLE		0	0	0
MALLINCKRODT PLC	SHS	G5785G107	638	10,494	SH		SOLE		0	0	0
MARATHON PETROLEUM CORP	COM	56585A102	13,723	361,500	SH		SOLE		0	0	0
MASTEC INC	COM	576323109	1,547	69,300	SH		SOLE		0	0	0
MAXIMUS INC	COM	577933104	3,029	54,700	SH		SOLE	1	25,000	0	29,700
MCKESSON CORP	COM	58155Q103	15,193	81,400	SH		SOLE	1	71,200	0	10,200
MEDALLION FINANCIAL CORP	COM	583928106	475	64,404	SH		SOLE	1	43,104	0	21,300
MEDIVATION INC	COM	58501N101	302	5,000	SH		SOLE		0	0	0
MEDNAX INC	COM	58502B106	6,548	90,400	SH		SOLE	1	57,000	0	33,400
MEDTRONIC INC	SHS	G5960L103	13,449	155,000	SH		SOLE		0	0	0
MERCK & CO INC	COM	58933Y105	432	7,500	SH		SOLE	1	0	0	7,500
META FINANCIAL GROUP INC	COM	59100U108	353	6,934	SH		SOLE		0	0	0
METLIFE INC	COM	59156R108	1,358	34,100	SH		SOLE		0	0	0
MICHAEL KORS HOLDINGS LTD	SHS	G60754101	297	6,000	SH		SOLE	1	0	0	6,000
MICROSOFT CORP	COM	594918104	7,650	149,500	SH		SOLE		0	0	0
MIDDLEBY CORP	COM	596278101	784	6,800	SH		SOLE	1	5,000	0	1,800
MINERVA NEUROSCIENCES INC	COM	603380106	102	10,000	SH		SOLE		0	0	0
MOBILEYE NV	ORD SHS	N51488117	2,132	46,200	SH		SOLE	1	38,000	0	8,200
MOLINA HEALTHCARE INC	COM	60855R100	499	10,000	SH		SOLE		0	0	0
MONDELEZ INTERN	CL A	609207105	8,906	195,700	SH		SOLE		0	0	0
NATIONAL BANK HOLD	CL A	633707104	326	16,000	SH		SOLE		0	0	0
NATIONAL RESEARCH CORP	CL B	637372301	352	10,595	SH		SOLE		0	0	0
NEW YORK REIT INC	COM	64976L109	776	83,882	SH		SOLE		0	0	0
NEWELL BRANDS INC	COM	651229106	2,328	47,933	SH		SOLE	1	26,477	0	21,456
NEWLINK GENETICS CORP	COM	651511107	450	40,000	SH		SOLE		0	0	0
NEWMARKET CORP	COM	651587107	332	800	SH		SOLE		0	0	0
NEXSTAR BROADCASTING GROUP	CL A	65336K103	486	10,222	SH		SOLE		0	0	0
NEXTERA ENERGY INC	COM	65339F101	24,970	191,488	SH		SOLE	1	177,500	0	13,988
NMI HOLDINGS INC	CL A	629209305	230	42,000	SH		SOLE		0	0	0
NOKIA CORP	SPONSORED ADR	654902204	1,443	253,643	SH		SOLE		0	0	0
NOMAD FOODS LTD	USD ORD SHS	G6564A105	962	120,525	SH		SOLE		0	0	0
NORFOLK SOUTHERN CORP	COM	655844108	8,964	105,300	SH		SOLE		0	0	0
NORTHROP GRUMMAN CORP	COM	666807102	980	4,407	SH		SOLE	1	200	0	4,207
NORTHSTAR ASSET MANAGEMEN	COM	66705Y104	1,694	165,872	SH		SOLE		0	0	0
NORTHSTAR REALTY EUROPE CORP	COM	66706L101	3,674	397,204	SH		SOLE	1	380,354	0	16,850
NORTHSTAR REALTY FINANCE	COM	66704R803	12,259	1,072,536	SH		SOLE		0	0	0
NOVARTIS A G	SPONSORED ADR	66987V109	13,445	162,953	SH		SOLE		0	0	0
NRG ENERGY INC	COM NEW	629377508	1,349	90,000	SH		SOLE		0	0	0
NRG YIELD INC	CL A NEW	62942X306	12,194	801,200	SH		SOLE		0	0	0
NRG YIELD INC	CL C	62942X405	10,165	652,000	SH		SOLE		0	0	0
O REILLY AUTOMOTIVE INC NEW	COM	67103H107	271	1,000	SH		SOLE	1	0	0	1,000
OAKTREE CAPITAL GROUP LLC	UNIT CL A	674001201	895	20,000	SH		SOLE		0	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	6,853	90,700	SH		SOLE		0	0	0
OCEANFIRST FINL CORP	COM	675234108	382	21,000	SH		SOLE		0	0	0
OM ASSET MANAGEMENT PLC	SHS	G67506108	1,402	105,000	SH		SOLE		0	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	1,033	30,423	SH		SOLE		0	0	0
ON ASSIGNMENT INC	COM	682159108	554	15,000	SH		SOLE		0	0	0
ORACLE CORP	COM	68389X105	982	24,000	SH		SOLE		0	0	0
ORBITAL ATK INC	COM	68557N103	6,378	74,908	SH		SOLE		0	0	0
PARAMOUNT GROUP INC	COM	69924R108	568	35,608	SH		SOLE		0	0	0
PATRICK INDUSTRIES INC	COM	703343103	657	10,892	SH		SOLE		0	0	0
PATTERN ENERGY GROUP INC	CL A	70338P100	15,257	664,200	SH		SOLE	1	650,600	0	13,600
PEBBLEBROOK HOTEL TR	COM	70509V100	446	17,000	SH		SOLE		0	0	0
PENNYMAC FINANCIAL SERVICE	CL A	70932B101	125	10,000	SH		SOLE		0	0	0
PEPSICO INC	COM	713448108	900	8,500	SH		SOLE		0	0	0
PERRIGO CO Plc	SHS	G97822103	562	6,200	SH		SOLE		0	0	0
PFIZER INC	COM	717081103	11,573	328,681	SH		SOLE	1	306,000	0	22,681
PG&E CORP	COM	69331C108	403	6,300	SH		SOLE	1	0	0	6,300
PINNACLE FOODS INC DEL	COM	72348P104	463	10,000	SH		SOLE		0	0	0
PINNACLE WEST CAP CORP	COM	723484101	827	10,200	SH		SOLE		0	0	0
POPEYES LOUISIANA KITCHEN INC	COM	732872106	367	6,721	SH		SOLE		0	0	0
PPG INDS INC	COM	693506107	1,979	19,000	SH		SOLE		0	0	0
PRA GROUP INC	COM	69354N106	289	11,978	SH		SOLE		0	0	0
PREFERRED BANK/LOS ANGELES	COM NEW	740367404	318	11,000	SH		SOLE		0	0	0
PRESS GANEY HOLDINGS INC	COM	74113L102	203	5,165	SH		SOLE		0	0	0
PRICELINE GROUP INC	COM NEW	741503403	300	240	SH		SOLE	1	0	0	240
PRIMERICA INC.	COM	74164M108	385	6,728	SH		SOLE		0	0	0
PROCTER & GAMBLE CO	COM	742718109	2,458	29,036	SH		SOLE	1	10,500	0	18,536
PROLOGIS INC	COM	74340W103	4,575	93,292	SH		SOLE		0	0	0
PROSPERITY BANCSHARES INC	COM	743606105	984	19,300	SH		SOLE	1	1,500	0	17,800
PROVIDENCE SERVICE CORP	COM	743815102	223	4,968	SH		SOLE		0	0	0
PUBLIC STORAGE	COM	74460D109	6,419	25,115	SH		SOLE		0	0	0
PULTE GROUP INC	COM	745867101	1,426	73,172	SH		SOLE	1	60,976	0	12,196
QUALCOMM INC	COM	747525103	1,312	24,500	SH		SOLE		0	0	0
RADIAN GROUP INC	COM	750236101	141	13,500	SH		SOLE		0	0	0
RADNET INC	COM	750491102	93	17,336	SH		SOLE	1	0	0	17,336
RAYTHEON CO	COM NEW	755111507	8,607	63,313	SH		SOLE	1	57,800	0	5,513
REGENERON PHARMACEUTICALS	COM	75886F107	1,327	3,800	SH		SOLE	1	2,800	0	1,000
REGIONS FINANCIAL CORP NEW	COM	7591EP100	14,121	1,659,353	SH		SOLE		0	0	0
ROGERS CORP	COM	775133101	337	5,514	SH		SOLE		0	0	0
ROSS STORES INC	COM	778296103	2,857	50,400	SH		SOLE		0	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	977	47,344	SH		SOLE		0	0	0
SCANA CORP NEW	COM	80589M102	356	4,700	SH		SOLE	1	0	0	4,700
SCHLUMBERGER LTD	COM	806857108	6,967	88,100	SH		SOLE		0	0	0
SCHWAB CHARLES CORP NEW	COM	808513105	228	9,000	SH		SOLE		0	0	0
SCORPIO TANKERS INC	SHS	Y7542C106	99	23,601	SH		SOLE		0	0	0
SELECT MEDICAL HOLDINGS CORP	COM	81619Q105	202	18,577	SH		SOLE		0	0	0
SEMGROUP CORP	CL A	81663A105	3,464	106,400	SH		SOLE		0	0	0
SHORE BANCSHARES INC	COM	825107105	159	13,500	SH		SOLE		0	0	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	1,187	9,500	SH		SOLE		0	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	23,594	108,779	SH		SOLE	1	104,137	0	4,642
SL GREEN RLTY CORP	COM	78440X101	3,872	36,371	SH		SOLE		0	0	0
SNAP ON INC	COM	833034101	22,837	144,700	SH		SOLE	1	128,800	0	15,900
SOLAREDGE TECHNOLOGIES INC	COM	83417M104	992	50,600	SH		SOLE	1	27,000	0	23,600
SOUTHERN CO	COM	842587107	386	7,200	SH		SOLE	1	0	0	7,200
SOUTHERN NATL BANCORP OF VA IN	COM	843395104	211	17,400	SH		SOLE		0	0	0
STAG INDUSTRIAL INC	COM	85254J102	870	36,537	SH		SOLE		0	0	0
STARWOOD HOTELS&RESORTS WRLDWD	COM	85590A401	666	9,000	SH		SOLE		0	0	0
STARWOOD PPTY TR INC	COM	85571B105	17,511	845,144	SH		SOLE	1	809,944	0	35,200
STATE STR CORP	COM	857477103	6,422	119,100	SH		SOLE	1	108,000	0	11,100
STERLING BANCORP	COM	85917A100	188	12,000	SH		SOLE		0	0	0
STONEGATE BANK	COM	861811107	307	9,500	SH		SOLE		0	0	0
SUMMIT ST BK SANTA ROSA CALIF	COM	866264203	151	11,000	SH		SOLE		0	0	0
SVB FINANCIAL GROUP	COM	78486Q101	1,427	15,000	SH		SOLE		0	0	0
SYMANTEC CORP	COM	871503108	452	22,000	SH		SOLE		0	0	0
T-MOBILE US INC	COM	872590104	2,665	61,600	SH		SOLE		0	0	0
TARGET CORP	COM	87612E106	908	13,000	SH		SOLE		0	0	0
TAUBMAN CTRS INC	COM	876664103	1,418	19,106	SH		SOLE		0	0	0
TAYLOR MORRISON HOME CORP	CL A	87724P106	3,710	250,026	SH		SOLE		0	0	0
TCF FINL CORP	COM	872275102	145	11,500	SH		SOLE		0	0	0
TE CONNECTIVITY LTD	REG SHS	H84989104	12,939	226,563	SH		SOLE		0	0	0
TEAM HEALTH HOLDINGS INC	COM	87817A107	769	18,900	SH		SOLE		0	0	0
TELEFLEX INC	COM	879369106	1,915	10,800	SH		SOLE	1	7,500	0	3,300
TERRAFORM POWER INC	CL A COM	88104R100	10,678	979,600	SH		SOLE		0	0	0
TERRENO RLTY CORP	COM	88146M101	1,321	51,058	SH		SOLE		0	0	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	16,326	325,027	SH		SOLE	1	312,700	0	12,327
THERAPEUTICSMD INC	COM	88338N107	102	12,000	SH		SOLE		0	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	12,877	87,150	SH		SOLE	1	83,100	0	4,050
TIFFANY & CO NEW	COM	886547108	886	14,610	SH		SOLE	1	6,000	0	8,610
TJX COS INC NEW	COM	872540109	12,048	156,000	SH		SOLE		0	0	0
TOLL BROTHERS INC	COM	889478103	3,175	118,000	SH		SOLE	1	110,000	0	8,000
TORTOISE PIPELINE & ENERGY F	COM	89148H108	670	36,000	SH		SOLE	1	0	0	36,000
TRAVELCENTERS OF AMERICA LLC	COM	894174101	1,736	212,726	SH		SOLE		0	0	0
TRI POINTE HOMES LLC	COM	87265H109	3,572	302,200	SH		SOLE		0	0	0
TRINITY INDUSTRIES INC	COM	896522109	1,738	93,600	SH		SOLE	1	68,000	0	25,600
TUTOR PERINI CORP	COM	901109108	400	17,000	SH		SOLE		0	0	0
TWO HBRS INVT CORP	COM	90187B101	10,246	1,196,931	SH		SOLE		0	0	0
UDR INC	COM	902653104	1,362	36,900	SH		SOLE		0	0	0
ULTA SALON COSMETICS & FRAGR	COM	90384S303	1,523	6,252	SH		SOLE		0	0	0
UNION PAC CORP	COM	907818108	4,144	47,500	SH		SOLE	1	18,400	0	29,100
UNITED CMNTY BKS BLAIRSVLE GA CAP STK	COM	90984P303	274	15,000	SH		SOLE		0	0	0
UNITED COMMUNITY FINANCIAL	COM	909839102	152	25,000	SH		SOLE		0	0	0
UNITED RENTALS INC	COM	911363109	1,839	27,400	SH		SOLE	1	18,000	0	9,400
UNITEDHEALTH GROUP INC	COM	91324P102	7,442	52,706	SH		SOLE		0	0	0
UNIVERSAL HEALTH SERVICES INC	CL B	913903100	9,749	72,700	SH		SOLE	1	64,200	0	8,500
URBAN EDGE PROPERTIES	COM	91704F104	816	27,322	SH		SOLE		0	0	0
US CONCRETE INC	COM NEW	90333L201	275	4,513	SH		SOLE		0	0	0
V F CORP	COM	918204108	1,882	30,600	SH		SOLE	1	20,000	0	10,600
VALLEY NATL BANCORP	COM	919794107	694	76,067	SH		SOLE	1	37,000	0	39,067
VALSPAR CORP	COM	920355104	3,090	28,600	SH		SOLE	1	14,000	0	14,600
VENTAS INC	COM	92276F100	5,826	80,012	SH		SOLE	1	55,712	0	24,300
VEREIT INC	COM	92339V100	130	12,800	SH		SOLE	1	0	0	12,800
VERIZON COMMUNICATIONS INC	COM	92343V104	1,541	27,597	SH		SOLE	1	21,000	0	6,597
VIRTU FINANCIAL INC	CL A	928254101	439	24,378	SH		SOLE		0	0	0
VORNADO RLTY TR	SH BEN INT	929042109	5,224	52,175	SH		SOLE	1	46,642	0	5,533
WALGREENS BOOTS ALLIANCE INC	COM	931427108	2,881	34,600	SH		SOLE	1	27,000	0	7,600
WASHINGTON TRUST BANCORP	COM	940610108	1,191	31,420	SH		SOLE	1	11,000	0	20,420
WASTE CONNECTIONS INC	COM	94106B101	1,398	19,404	SH		SOLE		0	0	0
WCI COMMUNITIES INC	COM PAR $0.01	92923C807	5,911	349,780	SH		SOLE		0	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	618	15,130	SH		SOLE		0	0	0
WELLS FARGO & CO NEW	COM	949746101	55,200	1,166,274	SH		SOLE	1	259,219	0	907,055
WELLTOWER INC	COM	95040Q104	1,889	24,803	SH		SOLE		0	0	0
WESTERN DIGITAL CORP	COM	958102105	7,396	156,500	SH		SOLE		0	0	0
WESTLAKE CHEMICAL CORP	COM	960413102	541	12,610	SH		SOLE		0	0	0
WEYERHAEUSER CO	COM	962166104	3,191	107,200	SH		SOLE		0	0	0
WHIRLPOOL CORP	COM	963320106	7,932	47,600	SH		SOLE	1	41,000	0	6,600
WILLIAM LYON HOMES	CL A NEW	552074700	8,895	551,771	SH		SOLE		0	0	0
WILLIAMS-SONOMA INC	COM	969904101	2,831	54,300	SH		SOLE	1	42,000	0	12,300
WILLIAMS COS INC DEL	COM	969457100	1,784	82,500	SH		SOLE		0	0	0
WISCONSIN ENERGY CORP	COM	92939U106	522	8,000	SH		SOLE		0	0	0
WP GLIMCHER INC	COM	92939N102	2,814	251,486	SH		SOLE		0	0	0
ZEBRA TECHNOLOGIES CORP	CL A	989207105	1,102	22,000	SH		SOLE		0	0	0
ZELTIQ AESTHETICS INC	COM	98933Q108	683	25,000	SH		SOLE		0	0	0
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	16,035	133,200	SH		SOLE	1	122,000	0	11,200
ZOETIS INC	CL A	98978V103	329	6,935	SH		SOLE	1	0	0	6,935