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
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
3M CO	COM	88579Y101	528	3,000	SH		SOLE	1	0	0	3,000
ABBOTT LABS	COM	002824100	1,740	41,133	SH		SOLE	1	28,000	0	13,133
ABBVIE INC	COM	00287Y109	2,045	32,433	SH		SOLE	1	20,000	0	12,433
ACADIA HEALTHCARE CO INC	COM	00404A109	359	7,250	SH		SOLE	1	400	0	6,850
AETNA INC NEW	COM	00817Y108	1,155	10,000	SH		SOLE		0	0	0
AGROFRESH SOLUTIONS INC	COM	00856G109	305	57,745	SH		SOLE		0	0	0
AIR PRODS & CHEMS INC	COM	009158106	797	5,300	SH		SOLE		0	0	0
ALBEMARLE CORP	COM	012653101	1,026	12,000	SH		SOLE		0	0	0
ALEXANDERS INC	COM	014752109	6,839	16,300	SH		SOLE	1	7,900	0	8,400
ALEXANDRIA REAL ESTATE EQ INC	COM	015271109	5,909	54,328	SH		SOLE	1	48,728	0	5,600
ALLERGAN PLC	SHS	G0177J108	2,265	9,833	SH		SOLE	1	6,933	0	2,900
ALLY FINANCIAL INC	COM	02005N100	214	11,000	SH		SOLE		0	0	0
ALPHABET INC	CAP STK CL C	02079K107	16,175	20,810	SH		SOLE	1	19,274	0	1,536
ALPHABET INC	CAP STK CL A	02079K305	9,476	11,785	SH		SOLE	1	10,250	0	1,535
ALPINE GLOBAL PREMIER PPTYS FD	COM SBI	02083A103	4,261	767,755	SH		SOLE	1	1,042	0	766,713
ALPINE TOTAL DYNAMIC DIVID FD	COM SH BEN INT N	021060207	3,693	483,959	SH		SOLE	1	0	0	483,959
ALTISOURCE RESIDENTI	CL B	02153W100	391	35,897	SH		SOLE		0	0	0
AMBARELLA INC	SHS	G037AX101	1,906	25,900	SH		SOLE		0	0	0
AMERCO	COM	023586100	5,188	16,000	SH		SOLE	1	11,400	0	4,600
AMERICAN ASSETS TRUST INC	COM	024013104	1,133	26,114	SH		SOLE		0	0	0
AMERICAN CAMPUS COMMUNITIES	COM	024835100	763	15,000	SH		SOLE		0	0	0
AMERICAN ELEC PWR INC	COM	025537101	2,093	32,600	SH		SOLE	1	26,000	0	6,600
AMERICAN INTL GROUP INC	COM NEW	026874784	240	4,038	SH		SOLE		0	0	0
AMERICAN TOWER CORP	COM	03027X100	20,685	182,523	SH		SOLE		0	0	0
AMERISERV FINANCIAL INC	COM	03074A102	116	35,000	SH		SOLE		0	0	0
AMETEK INC NEW	COM	031100100	344	7,200	SH		SOLE	1	0	0	7,200
AMGEN INC	COM	031162100	4,320	25,900	SH		SOLE	1	18,600	0	7,300
ANADARKO PETE CORP	COM	032511107	10,419	164,446	SH		SOLE		0	0	0
ANHEUSER-BUSCH INBEV	SPONSORED ADR	03524A108	15,506	118,000	SH		SOLE		0	0	0
ANSYS INC	COM	03662Q105	861	9,300	SH		SOLE		0	0	0
ANTHEM INC	COM	036752103	4,625	36,912	SH		SOLE	1	34,300	0	2,612
ANWORTH MORTGAGE ASSET CP	COM	037347101	84	17,000	SH		SOLE		0	0	0
APACHE CORP	COM	037411105	1,578	24,700	SH		SOLE	1	20,000	0	4,700
APOGEE ENTERPRISES INC	COM	037598109	737	16,500	SH		SOLE	1	800	0	15,700
APOLLO COML REAL EST FIN INC	COM	03762U105	764	46,644	SH		SOLE		0	0	0
APPLE INC	COM	037833100	37,105	328,218	SH		SOLE	1	325,208	0	3,010
APPLIED MATLS INC	COM	038222105	11,532	382,500	SH		SOLE		0	0	0
ARAMARK	COM	03852U106	10,268	270,000	SH		SOLE		0	0	0
ARES CAPITAL CORP	COM	04010L103	5,217	336,600	SH		SOLE		0	0	0
ASHFORD HOSPITALITY PRIME IN	COM	044102101	423	30,000	SH		SOLE		0	0	0
ASTRAZENECA PLC	SPONSORED ADR	046353108	9,907	301,500	SH		SOLE		0	0	0
AT&T INC	COM	00206R102	2,967	73,052	SH		SOLE	1	60,800	0	12,252
ATLANTICA YIELD PLC	SHS	G0751N103	2,943	154,839	SH		SOLE		0	0	0
AVALONBAY CMNTYS INC	COM	053484101	13,527	76,065	SH		SOLE		0	0	0
AVERY DENNISON CORP	COM	053611109	801	10,300	SH		SOLE		0	0	0
BABCOCK & WILCOX ENTERPR	COM	05614L100	392	23,776	SH		SOLE		0	0	0
BANK COMM HLDGS	COM	06424J103	212	29,500	SH		SOLE		0	0	0
BANK MUTUAL CORP	COM	063750103	169	22,000	SH		SOLE		0	0	0
BANK OF AMERICA CORPORATION	COM	060505104	25,156	1,607,404	SH		SOLE	1	1,491,218	0	116,186
BANK OF NEW YORK MELLON CORP	COM	064058100	1,586	39,766	SH		SOLE	1	0	0	39,766
BANK OF THE OZARKS	COM	063904106	1,448	37,700	SH		SOLE	1	28,200	0	9,500
BANKRATE INC	COM	06647F102	85	10,000	SH		SOLE		0	0	0
BAY BANCORP INC	COM	07203T106	110	20,000	SH		SOLE		0	0	0
BE AEROSPACE INC	COM	073302101	12,424	240,500	SH		SOLE		0	0	0
BECTON DICKINSON & CO	COM	075887109	4,849	26,978	SH		SOLE	1	21,000	0	5,978
BGC PARTNERS INC	CL A	05541T101	175	20,000	SH		SOLE		0	0	0
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	9,650	378,000	SH		SOLE		0	0	0
BOSTON PROPERTIES INC	COM	101121101	17,494	128,361	SH		SOLE	1	123,511	0	4,850
BP PLC	SPONSORED ADR	055622104	14,996	426,500	SH		SOLE		0	0	0
BRF SA	SPONSORED ADR	10552T107	9,895	580,000	SH		SOLE		0	0	0
BRISTOW GROUP INC	COM	110394103	345	24,600	SH		SOLE		0	0	0
BROADCOM LTD	SHS	Y09827109	15,389	89,200	SH		SOLE	1	87,100	0	2,100
BROOKDALE SR LIVING INC	COM	112463104	4,363	250,000	SH		SOLE		0	0	0
BROOKLINE BANCORP INC DEL	COM	11373M107	280	23,000	SH		SOLE		0	0	0
BRYN MAWR BANK CORP	COM	117665109	432	13,500	SH		SOLE		0	0	0
BT GROUP PLC	ADR	05577E101	11,960	470,300	SH		SOLE		0	0	0
CALATLANTIC GROUP INC	COM	128195104	2,341	70,000	SH		SOLE		0	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	3,768	45,000	SH		SOLE		0	0	0
CANADIAN PACIFIC RAILWAY LTD	COM	13645T100	14,934	97,800	SH		SOLE		0	0	0
CAPITAL ONE FINL CORP	COM	14040H105	641	8,926	SH		SOLE	1	1,000	0	7,926
CARDTRONICS PLC	SHS CL A	G1991C105	354	7,947	SH		SOLE		0	0	0
CARE CAPITAL PROPERTIES INC	COM	141624106	561	19,678	SH		SOLE		0	0	0
CARLISLE COS INC	COM	142339100	270	2,628	SH		SOLE	1	0	0	2,628
CARTER'S INC	COM	146229109	3,096	35,700	SH		SOLE		0	0	0
CASEYS GENERAL STORES INC	COM	147528103	781	6,500	SH		SOLE		0	0	0
CATHAY GENERAL BANCORP	COM	149150104	2,616	85,000	SH		SOLE	1	35,000	0	50,000
CBL & ASSOC PPTYS INC	COM	124830100	3,547	292,191	SH		SOLE		0	0	0
CBS CORP NEW	CL B	124857202	1,204	22,000	SH		SOLE		0	0	0
CENTENE CORP DEL	COM	15135B101	268	4,000	SH		SOLE		0	0	0
CENTERSTATE BANKS INC	COM	15201P109	319	18,000	SH		SOLE		0	0	0
CENTRAL FED CORP	COM NEW	15346Q202	83	59,080	SH		SOLE		0	0	0
CERNER CORP	COM	156782104	1,482	24,000	SH		SOLE		0	0	0
CHART INDUSTRIES INC	COM PAR $0.01	16115Q308	460	14,000	SH		SOLE		0	0	0
CHATHAM LODGING TR	COM	16208T102	572	29,696	SH		SOLE		0	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	874	38,158	SH		SOLE		0	0	0
CHEVRON CORP NEW	COM	166764100	9,817	95,386	SH		SOLE	1	92,800	0	2,586
CIA SANEAMENTO BASICO DE	SPONSORED ADR	20441A102	2,357	254,500	SH		SOLE		0	0	0
CINEMARK HOLDINGS INC	COM	17243V102	1,991	52,000	SH		SOLE		0	0	0
CINTAS CORP	COM	172908105	327	2,900	SH		SOLE	1	0	0	2,900
CISCO SYS INC	COM	17275R102	6,931	218,500	SH		SOLE		0	0	0
CITIGROUP INC	COM NEW	172967424	10,732	227,225	SH		SOLE		0	0	0
CITIZENS FINANCIAL GROUP	COM	174610105	16,085	650,967	SH		SOLE		0	0	0
CLOVIS ONCOLOGY INC	COM	189464100	216	6,000	SH		SOLE		0	0	0
CLUBCORP HOLDINGS INC	COM	18948M108	695	48,000	SH		SOLE		0	0	0
CME GROUP INC	COM	12572Q105	8,780	84,000	SH		SOLE	1	75,100	0	8,900
CMS ENERGY CORP	COM	125896100	21,900	521,300	SH		SOLE	1	511,200	0	10,100
COASTWAY BANCORP INC	COM	190632109	137	10,000	SH		SOLE		0	0	0
COLONY CAPITAL INC	CL A	19624R106	30,730	1,685,707	SH		SOLE	1	1,657,007	0	28,700
COLONY STARWOOD HOMES	COM	19625X102	6,084	212,000	SH		SOLE		0	0	0
COMCAST CORP NEW	CL A	20030N101	14,095	212,461	SH		SOLE		0	0	0
CONAGRA FOODS INC	COM	205887102	1,178	25,000	SH		SOLE		0	0	0
CONNECTONE BANCORP INC	COM	20786W107	208	11,500	SH		SOLE		0	0	0
CONOCOPHILLIPS	COM	20825C104	696	16,000	SH		SOLE		0	0	0
CONSOLIDATED EDISON INC	COM	209115104	1,010	13,410	SH		SOLE	1	0	0	13,410
CORESITE REALTY CORP	COM	21870Q105	5,084	68,671	SH		SOLE		0	0	0
CORRECTIONS CORP OF AMERICA	COM NEW	22025Y407	1,013	73,000	SH		SOLE		0	0	0
COUSINS PPTYS INC	COM	222795106	387	37,087	SH		SOLE		0	0	0
CRACKER BARREL OLD COUNTRY	COM	22410J106	926	7,000	SH		SOLE		0	0	0
CROWN CASTLE INTL CORP	COM	22822V101	3,222	34,200	SH		SOLE		0	0	0
CSRA INC	COM	12650T104	8,178	304,000	SH		SOLE		0	0	0
CSX CORP	COM	126408103	1,068	35,000	SH		SOLE		0	0	0
CVS CAREMARK CORPORATION	COM	126650100	23,903	268,606	SH		SOLE		0	0	0
CYRUSONE INC	COM	23283R100	4,394	92,369	SH		SOLE		0	0	0
D R HORTON INC	COM	23331A109	2,504	82,926	SH		SOLE	1	56,500	0	26,426
DDR CORP	COM	23317H102	437	25,075	SH		SOLE		0	0	0
DELL TECHNOLOGIES INC	COM CL V	24703L103	3,769	78,856	SH		SOLE		0	0	0
DELPHI AUTOMOTIVE PLC	SHS	G27823106	5,891	82,600	SH		SOLE		0	0	0
DELTA AIR LINES INC	COM NEW	247361702	12,520	318,100	SH		SOLE		0	0	0
DELUXE CORP	COM	248019101	4,567	68,350	SH		SOLE	1	55,300	0	13,050
DESCARTES SYSTEMS GRP/THE	COM	249906108	306	14,232	SH		SOLE		0	0	0
DICK'S SPORTING GOODS INC	COM	253393102	7,033	124,000	SH		SOLE		0	0	0
DIGITAL REALTY TRUST INC	COM	253868103	17,715	182,400	SH		SOLE	1	170,300	0	12,100
DISCOVER FINL SVCS	COM	254709108	15,862	280,500	SH		SOLE		0	0	0
DISH NETWORK CORP.	CL A	25470M109	2,350	42,900	SH		SOLE		0	0	0
DOLLAR GENERAL CORP	COM	256677105	10,429	149,000	SH		SOLE		0	0	0
DOUGLAS EMMETT INC	COM	25960P109	2,180	59,509	SH		SOLE		0	0	0
DTE ENERGY COMPANY	COM	233331107	3,100	33,100	SH		SOLE		0	0	0
DU PONT E I DE NEMOURS & CO	COM	263534109	616	9,200	SH		SOLE	1	200	0	9,000
DUKE ENERGY CORP NEW	COM NEW	26441C204	1,546	19,319	SH		SOLE	1	0	0	19,319
DUKE REALTY CORP	COM NEW	264411505	866	31,696	SH		SOLE		0	0	0
DUPONT FABROS TECHNOLOGY INC	COM	26613Q106	4,156	100,752	SH		SOLE		0	0	0
DYCOM INDUSTRIES INC	COM	267475101	998	12,207	SH		SOLE		0	0	0
EAGLE PHARMACEUTICALS INC	COM	269796108	490	7,000	SH		SOLE		0	0	0
EAST WEST BANCORP INC	COM	27579R104	808	22,000	SH		SOLE		0	0	0
ECOLAB INC	COM	278865100	487	4,000	SH		SOLE	1	100	0	3,900
EDUCATION RLTY TR INC	COM NEW	28140H203	272	6,309	SH		SOLE		0	0	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	2,449	20,312	SH		SOLE		0	0	0
EMPIRE STATE REALTY TRUST IN	CL A	292104106	952	45,455	SH		SOLE		0	0	0
ENBRIDGE INC	COM	29250N105	11,456	259,000	SH		SOLE		0	0	0
ENBRIDGE INC	COM	29250N105	3,942	89,700	SH		SOLE		0	0	0
ENTERPRISE FINANCIAL SERVICE	COM	293712105	401	12,820	SH		SOLE		0	0	0
EOG RESOURCES INC	COM	26875P101	6,973	72,100	SH		SOLE		0	0	0
EPR PROPERTIES	COM SH BEN INT	26884U109	710	9,012	SH		SOLE		0	0	0
EQUINIX INC	COM PAR $0.001	29444U700	3,657	10,150	SH		SOLE		0	0	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	2,231	28,900	SH		SOLE		0	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	4,478	69,610	SH		SOLE		0	0	0
ESSENT GROUP LTD	COM	G3198U102	464	17,449	SH		SOLE		0	0	0
ESSEX PPTY TR INC	COM	297178105	5,346	24,005	SH		SOLE		0	0	0
EVERBANK FINANCIAL CORP	COM	29977G102	871	45,000	SH		SOLE		0	0	0
EVERCORE PARTNERS INC	CLASS A	29977A105	6,001	116,500	SH		SOLE		0	0	0
EVERSOURCE ENERGY	COM	30040W108	2,319	42,800	SH		SOLE	1	39,100	0	3,700
EXELON CORP	COM	30161N101	1,511	45,400	SH		SOLE		0	0	0
EXPEDIA INC DEL	COM NEW	30212P303	245	2,100	SH		SOLE	1	0	0	2,100
EXPRESS SCRIPTS INC	COM	30219G108	5,693	80,711	SH		SOLE	1	51,584	0	29,127
EXTENDED STAY AMERICA INC	UNIT 99/99/9999B	30224P200	1,242	87,464	SH		SOLE		0	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	1,390	17,500	SH		SOLE		0	0	0
EXXON MOBIL CORP	COM	30231G102	2,454	28,111	SH		SOLE	1	14,500	0	13,611
FAIR ISAAC CORP	COM	303250104	824	6,611	SH		SOLE		0	0	0
FCB FINANCIAL HOLDINGS INC	CL A	30255G103	461	12,000	SH		SOLE		0	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	1,863	12,100	SH		SOLE		0	0	0
FEDEX CORP	COM	31428X106	21,634	123,850	SH		SOLE	1	112,500	0	11,350
FIDELITY NATIONAL FINANCIAL	FNF GROUP COM	31620R303	221	6,000	SH		SOLE		0	0	0
FIRST MERCHANTS CORP	COM	320817109	241	9,000	SH		SOLE		0	0	0
FIRSTENERGY CORP	COM	337932107	284	8,600	SH		SOLE	1	0	0	8,600
FISERV INC	COM	337738108	4,307	43,300	SH		SOLE	1	39,400	0	3,900
FIVE OAKS INVESTMENT CORP	COM	33830W106	74	13,000	SH		SOLE		0	0	0
FLIR SYS INC	COM	302445101	2,313	73,600	SH		SOLE		0	0	0
FOOT LOCKER INC	COM	344849104	9,549	141,000	SH		SOLE		0	0	0
FOREST CITY REALTY TRUST	COM CL A	345605109	504	21,800	SH		SOLE		0	0	0
FOUR CORNERS PROPERTY TRUST	COM	35086T109	3,697	173,328	SH		SOLE		0	0	0
G & K SERVICES INC	CL A	361268105	3,438	36,000	SH		SOLE	1	29,000	0	7,000
GAMESTOP CORP NEW	CL A	36467W109	883	32,000	SH		SOLE		0	0	0
GARMIN LTD	SHS	H2906T109	520	10,800	SH		SOLE		0	0	0
GATX CORP	COM	361448103	1,929	43,300	SH		SOLE	1	23,700	0	19,600
GENERAC HOLDINGS INC	COM	368736104	2,254	62,100	SH		SOLE	1	56,500	0	5,600
GENERAL ELECTRIC CO	COM	369604103	480	16,216	SH		SOLE	1	0	0	16,216
GENERAL GROWTH PPTYS INC	COM	370023103	2,191	79,400	SH		SOLE		0	0	0
GENESEE & WYOMING INC	CL A	371559105	1,875	27,200	SH		SOLE		0	0	0
GEO GROUP INC	COM	36162J106	9,785	411,500	SH		SOLE		0	0	0
GILEAD SCIENCES INC	COM	375558103	2,587	32,700	SH		SOLE	1	26,300	0	6,400
GLACIER BANCORP INC	COM	37637Q105	713	25,000	SH		SOLE	1	400	0	24,600
GRANA Y MONTERO SA	SPONSORED ADR	38500P208	1,460	175,000	SH		SOLE		0	0	0
GREEN BANCORP INC	COM	39260X100	186	17,000	SH		SOLE		0	0	0
GREENBRIER COMPANIES INC	COM	393657101	999	28,300	SH		SOLE		0	0	0
GREENLIGHT CAPITAL RE LTD	CLASS A	G4095J109	348	17,025	SH		SOLE		0	0	0
HALLMARK FINL SERVICES INC	COM NEW	40624Q203	144	14,000	SH		SOLE		0	0	0
HARMAN INTL INDS INC	COM	413086109	777	9,200	SH		SOLE		0	0	0
HARRIS CORP DEL	COM	413875105	15,755	171,975	SH		SOLE	1	155,200	0	16,775
HARTFORD FINL SVCS GROUP INC	COM	416515104	1,563	36,500	SH		SOLE		0	0	0
HAWAIIAN ELEC INDUSTRIES	COM	419870100	673	22,550	SH		SOLE	1	2,000	0	20,550
HCA HOLDINGS INC	COM	40412C101	7,616	100,700	SH		SOLE		0	0	0
HCP INC	COM	40414L109	641	16,887	SH		SOLE		0	0	0
HEICO CORP	CL A	422806208	275	4,541	SH		SOLE		0	0	0
HENRY SCHEIN INC	COM	806407102	4,048	24,838	SH		SOLE	1	17,200	0	7,638
HEXCEL CORP NEW	COM	428291108	1,108	25,000	SH		SOLE		0	0	0
HILTON WORLDWIDE HOLDINGS IN	COM	43300A104	7,934	345,991	SH		SOLE		0	0	0
HOME DEPOT INC	COM	437076102	18,337	142,500	SH		SOLE	1	136,000	0	6,500
HOPFED BANCORP INC	COM	439734104	190	17,000	SH		SOLE		0	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	1,347	86,500	SH		SOLE	1	74,900	0	11,600
HOVNANIAN ENTERPRISES INC	CL A	442487203	17	10,000	SH		SOLE	1	0	0	10,000
HOWARD HUGHES CORP	COM	44267D107	6,927	60,500	SH		SOLE		0	0	0
HUB GROUP INC	CL A	443320106	337	8,261	SH		SOLE		0	0	0
HUDSON PACIFIC PROPERTIES IN	COM	444097109	572	17,414	SH		SOLE		0	0	0
HUMANA INC	COM	444859102	3,750	21,200	SH		SOLE		0	0	0
ICU MEDICAL INC	COM	44930G107	278	2,197	SH		SOLE		0	0	0
ILLUMINA INC	COM	452327109	6,122	33,700	SH		SOLE	1	31,900	0	1,800
IMPAC MTG HLDGS INC	COM NEW	45254P508	660	50,000	SH		SOLE		0	0	0
INC RESEARCH HOLDINGS INC	CL A	45329R109	411	9,229	SH		SOLE		0	0	0
INGERSOLL-RAND PLC	SHS	G47791101	1,019	15,000	SH		SOLE		0	0	0
INTEL CORP	COM	458140100	15,198	402,584	SH		SOLE	1	376,000	0	26,584
INTERNATIONAL BUSINESS MACHS	COM	459200101	1,897	11,940	SH		SOLE	1	0	0	11,940
INTERXION HOLDING NV	SHS	N47279109	2,717	75,000	SH		SOLE		0	0	0
INTL FLAVORS & FRAGRANCES	COM	459506101	3,010	21,050	SH		SOLE	1	10,400	0	10,650
INTRA-CELLULAR THERAPIES INC	COM	46116X101	1,075	70,544	SH		SOLE	1	41,444	0	29,100
INTUITIVE SURGICAL INC	COM NEW	46120E602	5,038	6,950	SH		SOLE	1	5,500	0	1,450
IONIS PHARMACEUTICALS INC	COM	462222100	366	10,000	SH		SOLE		0	0	0
IPG PHOTONICS CORP	COM	44980X109	412	5,000	SH		SOLE		0	0	0
ITC HLDGS CORP	COM	465685105	1,864	40,100	SH		SOLE	1	34,400	0	5,700
J2 GLOBAL INC	COM	48123V102	374	5,617	SH		SOLE		0	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	3,787	31,170	SH		SOLE	1	23,370	0	7,800
JOHNSON & JOHNSON	COM	478160104	15,435	130,664	SH		SOLE	1	32,933	0	97,731
JPMORGAN ALERIAN MLP INDEX	ALERIAN ML ETN	46625H365	1,229	39,000	SH		SOLE	1	0	0	39,000
JPMORGAN CHASE & CO	COM	46625H100	4,437	66,627	SH		SOLE	1	43,000	0	23,627
JUNIPER NETWORKS INC	COM	48203R104	938	39,000	SH		SOLE		0	0	0
JUST ENERGY GROUP INC	COM	48213W101	53	10,500	SH		SOLE	1	0	0	10,500
KANSAS CITY SOUTHERN	COM NEW	485170302	1,400	15,000	SH		SOLE		0	0	0
KENNEDY-WILSON HLDGS INC	COM	489398107	642	28,461	SH		SOLE		0	0	0
KEYCORP NEW	COM	493267108	243	20,000	SH		SOLE		0	0	0
KILROY RLTY CORP	COM	49427F108	16,628	239,773	SH		SOLE		0	0	0
KIMCO REALTY CORP	COM	49446R109	1,491	51,500	SH		SOLE		0	0	0
KINDER MORGAN HOLDCO LLC	COM	49456B101	14,688	635,000	SH		SOLE		0	0	0
KITE PHARMA INC	COM	49803L109	838	15,000	SH		SOLE		0	0	0
KKR & CO L P DEL	COM UNITS	48248M102	214	15,000	SH		SOLE		0	0	0
KRAFT HEINZ CO/THE	COM	500754106	14,160	158,200	SH		SOLE	1	154,500	0	3,700
KROGER CO	COM	501044101	7,509	253,000	SH		SOLE		0	0	0
LABORATORY CRP OF AMER HLDGS	COM NEW	50540R409	1,416	10,300	SH		SOLE	1	7,000	0	3,300
LAKELAND BANCORP INC	COM	511637100	140	10,000	SH		SOLE		0	0	0
LEGG MASON INC	COM	524901105	1,205	36,000	SH		SOLE		0	0	0
LENNAR CORP	CL A	526057104	19,993	472,200	SH		SOLE	1	449,900	0	22,300
LENNAR CORP	CL B	526057302	457	13,620	SH		SOLE		0	0	0
LGI HOMES INC	COM	50187T106	13,465	365,507	SH		SOLE	1	338,907	0	26,600
LIBERTY PROPERTY TRUST	SH BEN INT	531172104	957	23,708	SH		SOLE		0	0	0
LIFE STORAGE INC	COM	53223X107	1,275	14,333	SH		SOLE	1	5,500	0	8,833
LIGAND PHARMACEUTICALS INC	COM NEW	53220K504	335	3,284	SH		SOLE		0	0	0
LITHIA MOTORS INC	CL A	536797103	433	4,536	SH		SOLE		0	0	0
LITTELFUSE INC	COM	537008104	386	2,996	SH		SOLE		0	0	0
LIVE NATION ENTERTAINMENT IN	COM	538034109	469	17,058	SH		SOLE		0	0	0
LOCKHEED MARTIN CORP	COM	539830109	515	2,150	SH		SOLE	1	200	0	1,950
LOWES COS INC	COM	548661107	939	13,000	SH		SOLE		0	0	0
M & T BK CORP	COM	55261F104	8,244	71,005	SH		SOLE	1	200	0	70,805
MACERICH CO	COM	554382101	2,582	31,928	SH		SOLE		0	0	0
MACK CALI RLTY CORP	COM	554489104	408	15,000	SH		SOLE		0	0	0
MACKINAC FINANCIAL CORP	COM	554571109	117	10,150	SH		SOLE		0	0	0
MAGNA INTL INC	COM	559222401	846	19,700	SH		SOLE		0	0	0
MALLINCKRODT PLC	SHS	G5785G107	732	10,494	SH		SOLE		0	0	0
MALVERN BANCORP INC	COM	561409103	164	10,000	SH		SOLE		0	0	0
MARATHON PETROLEUM CORP	COM	56585A102	9,112	224,500	SH		SOLE		0	0	0
MARRIOTT INTL INC NEW	CL A	571903202	485	7,200	SH		SOLE		0	0	0
MASTEC INC	COM	576323109	2,210	74,300	SH		SOLE		0	0	0
MAXIMUS INC	COM	577933104	3,060	54,100	SH		SOLE	1	25,800	0	28,300
MCKESSON CORP	COM	58155Q103	13,557	81,300	SH		SOLE	1	71,300	0	10,000
MEDALLION FINANCIAL CORP	COM	583928106	432	102,404	SH		SOLE	1	83,104	0	19,300
MEDNAX INC	COM	58502B106	5,976	90,200	SH		SOLE	1	57,300	0	32,900
MEDTRONIC PLC	SHS	G5960L103	13,392	155,000	SH		SOLE		0	0	0
MERCK & CO INC	COM	58933Y105	468	7,500	SH		SOLE	1	0	0	7,500
META FINANCIAL GROUP INC	COM	59100U108	420	6,934	SH		SOLE		0	0	0
METLIFE INC	COM	59156R108	1,160	26,100	SH		SOLE		0	0	0
MICROSOFT CORP	COM	594918104	8,611	149,500	SH		SOLE		0	0	0
MIDDLEBY CORP	COM	596278101	841	6,800	SH		SOLE	1	5,000	0	1,800
MINERVA NEUROSCIENCES INC	COM	603380106	141	10,000	SH		SOLE		0	0	0
MOBILEYE NV	ORD SHS	N51488117	2,009	47,200	SH		SOLE	1	38,200	0	9,000
MOHAWK INDS INC	COM	608190104	1,603	8,000	SH		SOLE	1	6,100	0	1,900
MOLINA HEALTHCARE INC	COM	60855R100	583	10,000	SH		SOLE		0	0	0
MONDELEZ INTERN	CL A	609207105	8,591	195,700	SH		SOLE		0	0	0
NATIONAL RESEARCH CORP	CL B	637372301	373	10,595	SH		SOLE		0	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	251	12,000	SH		SOLE		0	0	0
NATUS MEDICAL INC	COM	639050103	273	6,956	SH		SOLE		0	0	0
NEW YORK REIT INC	COM	64976L109	698	76,282	SH		SOLE		0	0	0
NEWELL BRANDS INC	COM	651229106	16,631	315,817	SH		SOLE	1	295,177	0	20,640
NEWLINK GENETICS CORP	COM	651511107	601	40,000	SH		SOLE		0	0	0
NEWMARKET CORP	COM	651587107	343	800	SH		SOLE		0	0	0
NEXSTAR BROADCASTING GROUP	CL A	65336K103	590	10,222	SH		SOLE		0	0	0
NEXTERA ENERGY INC	COM	65339F101	23,398	191,288	SH		SOLE	1	177,600	0	13,688
NMI HOLDINGS INC	CL A	629209305	191	25,000	SH		SOLE		0	0	0
NOKIA CORP	SPONSORED ADR	654902204	947	163,643	SH		SOLE		0	0	0
NOMAD FOODS LTD	USD ORD SHS	G6564A105	1,933	163,525	SH		SOLE		0	0	0
NORFOLK SOUTHERN CORP	COM	655844108	10,220	105,300	SH		SOLE		0	0	0
NORTHROP GRUMMAN CORP	COM	666807102	943	4,407	SH		SOLE	1	200	0	4,207
NORTHSTAR ASSET MANAGEMEN	COM	66705Y104	2,209	170,872	SH		SOLE	1	154,022	0	16,850
NORTHSTAR REALTY EUROPE CORP	COM	66706L101	4,408	402,551	SH		SOLE		0	0	0
NORTHSTAR REALTY FINANCE	COM	66704R803	6,813	517,286	SH		SOLE		0	0	0
NOVARTIS A G	SPONSORED ADR	66987V109	12,867	162,953	SH		SOLE		0	0	0
NOVO-NORDISK A/S	ADR	670100205	8,297	199,500	SH		SOLE		0	0	0
NRG ENERGY INC	COM NEW	629377508	1,906	170,000	SH		SOLE		0	0	0
NRG YIELD INC	CL A NEW	62942X306	12,906	790,800	SH		SOLE		0	0	0
NRG YIELD INC	CL C	62942X405	11,058	652,000	SH		SOLE		0	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	280	1,000	SH		SOLE	1	0	0	1,000
OCCIDENTAL PETE CORP DEL	COM	674599105	1,043	14,300	SH		SOLE		0	0	0
OCEANFIRST FINL CORP	COM	675234108	414	21,500	SH		SOLE		0	0	0
OM ASSET MANAGEMENT PLC	SHS	G67506108	1,474	106,000	SH		SOLE		0	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	901	25,423	SH		SOLE		0	0	0
ON ASSIGNMENT INC	COM	682159108	544	15,000	SH		SOLE		0	0	0
ORACLE CORP	COM	68389X105	1,139	29,000	SH		SOLE		0	0	0
ORBITAL ATK INC	COM	68557N103	6,830	89,600	SH		SOLE		0	0	0
PACIFIC MERCANTILE BANCORP	COM	694552100	192	26,000	SH		SOLE		0	0	0
PARAMOUNT GROUP INC	COM	69924R108	584	35,608	SH		SOLE		0	0	0
PATRICK INDUSTRIES INC	COM	703343103	495	7,997	SH		SOLE		0	0	0
PATTERN ENERGY GROUP INC	CL A	70338P100	14,733	655,100	SH		SOLE	1	641,500	0	13,600
PEBBLEBROOK HOTEL TR	COM	70509V100	452	17,000	SH		SOLE		0	0	0
PENNYMAC FINANCIAL SERVICE	CL A	70932B101	170	10,000	SH		SOLE		0	0	0
PEPSICO INC	COM	713448108	925	8,500	SH		SOLE		0	0	0
PERRIGO CO Plc	SHS	G97822103	295	3,200	SH		SOLE		0	0	0
PFIZER INC	COM	717081103	10,929	322,681	SH		SOLE	1	300,000	0	22,681
PG&E CORP	COM	69331C108	1,211	19,800	SH		SOLE	1	15,500	0	4,300
PINNACLE FOODS INC	COM	72348P104	502	10,000	SH		SOLE		0	0	0
PINNACLE WEST CAP CORP	COM	723484101	775	10,200	SH		SOLE		0	0	0
PNC FINL SVCS GROUP INC	COM	693475105	13,423	149,000	SH		SOLE		0	0	0
POPEYES LOUISIANA KITCHEN INC	COM	732872106	419	7,884	SH		SOLE		0	0	0
PPG INDS INC	COM	693506107	1,964	19,000	SH		SOLE		0	0	0
PRA GROUP INC	COM	69354N106	209	6,055	SH		SOLE		0	0	0
PREFERRED BANK/LOS ANGELES	COM NEW	740367404	358	10,000	SH		SOLE		0	0	0
PRICELINE GROUP INC	COM NEW	741503403	353	240	SH		SOLE	1	0	0	240
PRIMERICA INC.	COM	74164M108	403	7,600	SH		SOLE		0	0	0
PROCTER & GAMBLE CO	COM	742718109	2,597	28,936	SH		SOLE	1	10,600	0	18,336
PROLOGIS INC	COM	74340W103	4,995	93,292	SH		SOLE		0	0	0
PROSPERITY BANCSHARES INC	COM	743606105	445	8,100	SH		SOLE	1	0	0	8,100
PUBLIC STORAGE	COM	74460D109	5,582	25,015	SH		SOLE		0	0	0
PULTE GROUP INC	COM	745867101	3,866	192,922	SH		SOLE	1	180,976	0	11,946
QUALCOMM INC	COM	747525103	1,678	24,500	SH		SOLE	1	21,100	0	3,400
RADIAN GROUP INC	COM	750236101	136	10,000	SH		SOLE		0	0	0
RADNET INC	COM	750491102	128	17,336	SH		SOLE	1	0	0	17,336
RAYTHEON CO	COM NEW	755111507	8,619	63,313	SH		SOLE	1	57,800	0	5,513
REGENERON PHARMACEUTICALS	COM	75886F107	1,528	3,800	SH		SOLE	1	2,800	0	1,000
REGIONS FINANCIAL CORP NEW	COM	7591EP100	12,614	1,277,967	SH		SOLE		0	0	0
ROGERS CORP	COM	775133101	282	4,611	SH		SOLE		0	0	0
ROSS STORES INC	COM	778296103	32,115	50,000	SH		SOLE		0	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	689	27,344	SH		SOLE		0	0	0
SCANA CORP NEW	COM	80589M102	340	4,700	SH		SOLE	1	0	0	4,700
SCHLUMBERGER LTD	COM	806857108	4,176	53,100	SH		SOLE		0	0	0
SCHWAB CHARLES CORP NEW	COM	808513105	221	7,000	SH		SOLE		0	0	0
SCIENCE APPLICATIONS INTE	COM	808625107	209	3,010	SH		SOLE		0	0	0
SEMGROUP CORP	CL A	81663A105	3,925	111,000	SH		SOLE		0	0	0
SHIRE PLC	SPONSORED ADR	82481R106	9,505	49,029	SH		SOLE		0	0	0
SHORE BANCSHARES INC	COM	825107105	206	17,500	SH		SOLE		0	0	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	1,125	9,500	SH		SOLE		0	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	22,518	108,779	SH		SOLE	1	104,237	0	4,542
SL GREEN RLTY CORP	COM	78440X101	3,932	36,371	SH		SOLE		0	0	0
SNAP ON INC	COM	833034101	18,706	123,100	SH		SOLE	1	107,400	0	15,700
SOLAREDGE TECHNOLOGIES INC	COM	83417M104	872	50,600	SH		SOLE	1	27,000	0	23,600
SOUTHERN CO	COM	842587107	369	7,200	SH		SOLE	1	300	0	6,900
SOUTHERN NATL BANCORP OF VA	COM	843395104	215	16,500	SH		SOLE		0	0	0
SPDR SERIES TRUST	S&P BIOTECH	78464A870	10,229	154,300	SH		SOLE		0	0	0
STAG INDUSTRIAL INC	COM	85254J102	797	32,537	SH		SOLE		0	0	0
STARWOOD PPTY TR INC	COM	85571B105	19,033	845,144	SH		SOLE	1	809,944	0	35,200
STATE STR CORP	COM	857477103	766	11,000	SH		SOLE	1	200	0	10,800
STERLING BANCORP	COM	85917A100	210	12,000	SH		SOLE		0	0	0
STONEGATE BANK	COM	861811107	354	10,500	SH		SOLE		0	0	0
SUMMIT ST BK SANTA ROSA CALIF	COM	866264203	149	11,000	SH		SOLE		0	0	0
SVB FINANCIAL GROUP	COM	78486Q101	1,537	13,900	SH		SOLE		0	0	0
SYMANTEC CORP	COM	871503108	552	22,000	SH		SOLE		0	0	0
SYNAPTICS INC	COM	87157D109	293	5,000	SH		SOLE		0	0	0
SYNTEL INC	COM	87162H103	27,661	660,000	SH		SOLE		0	0	0
T-MOBILE US INC	COM	872590104	2,878	61,600	SH		SOLE		0	0	0
TAUBMAN CTRS INC	COM	876664103	1,422	19,106	SH		SOLE		0	0	0
TAYLOR MORRISON HOME CORP	CL A	87724P106	3,520	200,026	SH		SOLE		0	0	0
TCF FINL CORP	COM	872275102	167	11,500	SH		SOLE		0	0	0
TE CONNECTIVITY LTD	REG SHS	H84989104	14,586	226,563	SH		SOLE		0	0	0
TEAM HEALTH HOLDINGS INC	COM	87817A107	615	18,900	SH		SOLE		0	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	956	20,000	SH		SOLE		0	0	0
TELEFLEX INC	COM	879369106	1,815	10,800	SH		SOLE	1	7,600	0	3,200
TERRAFORM POWER INC	CL A COM	88104R100	16,060	1,154,600	SH		SOLE		0	0	0
TERRENO RLTY CORP	COM	88146M101	1,405	51,058	SH		SOLE		0	0	0
TESORO CORP	COM	881609101	5,251	66,000	SH		SOLE		0	0	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	14,444	313,928	SH		SOLE	1	301,901	0	12,027
THERAPEUTICSMD INC	COM	88338N107	82	12,000	SH		SOLE		0	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	13,862	87,150	SH		SOLE	1	83,100	0	4,050
TIFFANY & CO NEW	COM	886547108	1,061	14,610	SH		SOLE	1	6,100	0	8,510
TIPTREE FINANCIAL INC	CL A	88822Q103	77	13,000	SH		SOLE		0	0	0
TJX COS INC NEW	COM	872540109	11,666	156,000	SH		SOLE		0	0	0
TOLL BROTHERS INC	COM	889478103	3,523	118,000	SH		SOLE	1	110,000	0	8,000
TORTOISE PIPELINE & ENERGY F	COM	89148H108	762	36,000	SH		SOLE		0	0	36,000
TRAVELCENTERS OF AMERICA LLC	COM	894174101	1,523	212,726	SH		SOLE		0	0	0
TRI POINTE HOMES LLC	COM	87265H109	2,661	201,900	SH		SOLE		0	0	0
TRINITY INDUSTRIES INC	COM	896522109	2,239	92,600	SH		SOLE	1	68,000	0	24,600
TUTOR PERINI CORP	COM	901109108	365	17,000	SH		SOLE		0	0	0
TWO HBRS INVT CORP	COM	90187B101	10,210	1,196,931	SH		SOLE		0	0	0
UDR INC	COM	902653104	1,328	36,900	SH		SOLE		0	0	0
ULTA SALON COSMETICS & FRAGR	COM	90384S303	1,488	6,252	SH		SOLE		0	0	0
UNION PAC CORP	COM	907818108	4,633	47,500	SH		SOLE	1	18,400	0	29,100
UNITED CMNTY BKS BLAIRSVLE GA CAP STK	COM	90984P303	315	15,000	SH		SOLE		0	0	0
UNITED COMMUNITY FINANCIAL	COM	909839102	121	17,000	SH		SOLE		0	0	0
UNITED RENTALS INC	COM	911363109	1,915	24,400	SH		SOLE	1	15,200	0	9,200
UNITEDHEALTH GROUP INC	COM	91324P102	7,379	52,706	SH		SOLE		0	0	0
UNIVERSAL HEALTH SERVICES	CL B	913903100	10,437	84,700	SH		SOLE	1	76,200	0	8,500
URBAN EDGE PROPERTIES	COM	91704F104	769	27,322	SH		SOLE		0	0	0
US CONCRETE INC	COM NEW	90333L201	292	6,340	SH		SOLE		0	0	0
V F CORP	COM	918204108	1,715	30,600	SH		SOLE	1	20,000	0	10,600
VALLEY NATL BANCORP	COM	919794107	508	52,229	SH		SOLE	1	16,000	0	36,229
VALSPAR CORP	COM	920355104	2,949	27,800	SH		SOLE	1	14,200	0	13,600
VENTAS INC	COM	92276F100	5,637	79,812	SH		SOLE	1	56,212	0	23,600
VEREIT INC	COM	92339V100	133	12,800	SH		SOLE	1	0	0	12,800
VERIZON COMMUNICATIONS INC	COM	92343V104	1,434	27,597	SH		SOLE	1	21,000	0	6,597
VORNADO RLTY TR	SH BEN INT	929042109	5,274	52,123	SH		SOLE	1	46,642	0	5,481
WALGREENS BOOTS ALLIANCE INC	COM	931427108	2,789	34,600	SH		SOLE	1	27,000	0	7,600
WASHINGTON PRIME GROUP INC	COM	93964W108	3,112	251,386	SH		SOLE		0	0	0
WASHINGTON TRUST BANCORP	COM	940610108	1,022	25,420	SH		SOLE	1	4,500	0	20,920
WASTE CONNECTIONS INC	COM	94106B101	1,449	19,404	SH		SOLE		0	0	0
WCI COMMUNITIES INC	COM PAR $0.01	92923C807	2,666	112,390	SH		SOLE		0	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	590	15,130	SH		SOLE		0	0	0
WELLS FARGO & CO NEW	COM	949746101	51,585	1,164,978	SH		SOLE	1	258,758	0	906,220
WELLTOWER INC	COM	95040Q104	1,855	24,803	SH		SOLE		0	0	0
WESTERN DIGITAL CORP	COM	958102105	11,139	190,500	SH		SOLE		0	0	0
WESTLAKE CHEMICAL CORP	COM	960413102	675	12,610	SH		SOLE		0	0	0
WEYERHAEUSER CO	COM	962166104	3,759	117,700	SH		SOLE		0	0	0
WHIRLPOOL CORP	COM	963320106	13,930	85,900	SH		SOLE	1	79,300	0	6,600
WILLIAM LYON HOMES	CL A NEW	552074700	10,235	551,771	SH		SOLE		0	0	0
WILLIAMS-SONOMA INC	COM	969904101	2,416	47,300	SH		SOLE	1	38,000	0	9,300
WILLIAMS COS INC	COM	969457100	2,535	82,500	SH		SOLE		0	0	0
WISCONSIN ENERGY CORP	COM	92939U106	479	8,000	SH		SOLE		0	0	0
YADKIN VALLEY FINANCIAL CORP	COM	984305102	237	9,000	SH		SOLE		0	0	0
ZEBRA TECHNOLOGIES CORP	CL A	989207105	1,531	22,000	SH		SOLE		0	0	0
ZELTIQ AESTHETICS INC	COM	98933Q108	706	18,000	SH		SOLE		0	0	0
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	16,890	129,900	SH		SOLE	1	118,800	0	11,100
ZOETIS INC	CL A	98978V103	361	6,935	SH		SOLE	1	0	0	6,935