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	536	3,000	SH		SOLE	1	0	0	3,000
ABBOTT LABS	COM	002824100	1,580	41,133	SH		SOLE	1	28,000	0	13,133
ABBVIE INC	COM	00287Y109	2,022	32,283	SH		SOLE	1	20,000	0	12,283
ACADIA HEALTHCARE CO INC	COM	00404A109	220	6,650	SH		SOLE	1	400	0	6,250
AETNA INC	COM	00817Y108	992	8,000	SH		SOLE		0	0	0
AFFILIATED MANAGERS GROUP	COM	008252108	218	1,500	SH		SOLE		0	0	0
AGROFRESH SOLUTIONS INC	COM	00856G109	153	57,745	SH		SOLE		0	0	0
AIR PRODS & CHEMS INC	COM	009158106	979	6,805	SH		SOLE		0	0	0
ALBEMARLE CORP	COM	012653101	1,033	12,000	SH		SOLE		0	0	0
ALEXANDERS INC	COM	014752109	6,953	16,288	SH		SOLE	1	7,900	0	8,388
ALEXANDRIA REAL ESTATE EQ INC	COM	015271109	6,015	54,128	SH		SOLE	1	48,528	0	5,600
ALLERGAN PLC	SHS	G0177J108	1,428	6,800	SH		SOLE	1	5,000	0	1,800
ALPHABET INC	CAP STK CL C	02079K107	16,170	20,950	SH		SOLE	1	19,424	0	1,526
ALPHABET INC	CAP STK CL A	02079K305	9,458	11,935	SH		SOLE	1	10,400	0	1,535
ALPINE GLOBAL PREMIER PPTYS FD	COM SBI	02083A103	4,414	860,496	SH		SOLE	1	0	0	860,496
ALPINE TOTAL DYNAMIC DIVID FD	COM SH BEN INT N	021060207	3,668	483,959	SH		SOLE	1	0	0	483,959
ALTISOURCE RESIDENTI	CL B	02153W100	2,648	239,897	SH		SOLE		0	0	0
AMBARELLA INC	SHS	G037AX101	1,131	20,900	SH		SOLE		0	0	0
AMERCO	COM	023586100	6,061	16,400	SH		SOLE	1	11,800	0	4,600
AMERICAN ASSETS TRUST INC	COM	024013104	1,125	26,114	SH		SOLE		0	0	0
AMERICAN CAMPUS COMMUNITIES	COM	024835100	747	15,000	SH		SOLE		0	0	0
AMERICAN ELEC PWR INC	COM	025537101	2,537	40,300	SH		SOLE	1	33,700	0	6,600
AMERICAN INTL GROUP INC	COM NEW	026874784	264	4,038	SH		SOLE		0	0	0
AMERICAN TOWER CORP	COM	03027X100	14,047	132,923	SH		SOLE		0	0	0
AMERICAN WOODMARK CORP	COM	030506109	350	4,648	SH		SOLE		0	0	0
AMERIPRISE FINL INC	COM	03076C106	233	2,100	SH		SOLE	1	0	0	2,100
AMERISERV FINANCIAL INC	COM	03074A102	189	51,000	SH		SOLE		0	0	0
AMETEK INC NEW	COM	031100100	272	5,600	SH		SOLE	1	0	0	5,600
AMGEN INC	COM	031162100	3,918	26,800	SH		SOLE	1	20,500	0	6,300
ANADARKO PETE CORP	COM	032511107	11,467	164,446	SH		SOLE		0	0	0
ANHEUSER-BUSCH INBEV	SPONSORED ADR	03524A108	7,360	69,800	SH		SOLE		0	0	0
ANSYS INC	COM	03662Q105	860	9,300	SH		SOLE		0	0	0
ANTHEM INC	COM	036752103	5,302	36,877	SH		SOLE	1	34,300	0	2,577
APACHE CORP	COM	037411105	1,568	24,700	SH		SOLE	1	20,000	0	4,700
APOGEE ENTERPRISES INC	COM	037598109	876	16,350	SH		SOLE	1	800	0	15,550
APOLLO COML REAL EST FIN INC	COM	03762U105	775	46,644	SH		SOLE		0	0	0
APPLE INC	COM	037833100	36,219	312,717	SH		SOLE	1	309,707	0	3,010
APPLIED MATLS INC	COM	038222105	12,153	376,600	SH		SOLE		0	0	0
ARAMARK	COM	03852U106	1,322	37,000	SH		SOLE		0	0	0
ARES CAPITAL CORP	COM	04010L103	13,111	795,100	SH		SOLE		0	0	0
ARRIS GROUP INC	SHS	G0551A103	402	13,329	SH		SOLE		0	0	0
ASHFORD HOSPITALITY PRIME IN	COM	044102101	410	30,000	SH		SOLE		0	0	0
ASTRAZENECA PLC	SPONSORED ADR	046353108	8,460	298,700	SH		SOLE		0	0	0
AT&T INC COM	COM	00206R102	3,107	73,052	SH		SOLE	1	60,800	0	12,252
ATLANTICA YIELD PLC	SHS	G0751N103	3,780	195,339	SH		SOLE		0	0	0
AVALONBAY CMNTYS INC	COM	053484101	4,617	26,065	SH		SOLE		0	0	0
AVERY DENNISON CORP	COM	053611109	737	10,500	SH		SOLE		0	0	0
BABCOCK & WILCOX ENTERPR	COM	05614L100	348	20,960	SH		SOLE		0	0	0
BANK COMM HLDGS	COM	06424J103	295	31,000	SH		SOLE		0	0	0
BANK MUTUAL CORP	COM	063750103	151	16,000	SH		SOLE		0	0	0
BANK OF AMERICA CORPORATION	COM	060505104	35,287	1,596,679	SH		SOLE	1	1,489,715	0	106,964
BANK OF NEW YORK MELLON CORP	COM	064058100	1,732	36,566	SH		SOLE	1	0	0	36,566
BANK OF THE OZARKS	COM	063904106	1,998	38,000	SH		SOLE	1	28,500	0	9,500
BANNER CORP	COM NEW	06652V208	380	6,800	SH		SOLE		0	0	0
BAY BANCORP INC	COM	07203T106	158	24,000	SH		SOLE		0	0	0
BE AEROSPACE INC	COM	073302101	14,355	238,500	SH		SOLE		0	0	0
BECTON DICKINSON & CO	COM	075887109	4,499	27,178	SH		SOLE	1	21,000	0	6,178
BERKSHIRE HILLS BANCORP INC	COM	084680107	240	6,500	SH		SOLE		0	0	0
BGC PARTNERS INC	CL A	05541T101	174	17,000	SH		SOLE		0	0	0
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	9,271	343,000	SH		SOLE		0	0	0
BNC BANCORP	COM	05566T101	207	6,500	SH		SOLE		0	0	0
BOSTON PROPERTIES INC	COM	101121101	16,145	128,361	SH		SOLE	1	123,511	0	4,850
BP PLC	SPONSORED ADR	055622104	14,272	381,800	SH		SOLE		0	0	0
BRF SA	SPONSORED ADR	10552T107	9,808	664,500	SH		SOLE		0	0	0
BROADCOM LTD	SHS	Y09827109	16,033	90,700	SH		SOLE	1	88,600	0	2,100
BROOKDALE SR LIVING INC	COM	112463104	3,105	250,000	SH		SOLE		0	0	0
BROOKLINE BANCORP INC DEL	COM	11373M107	164	10,000	SH		SOLE		0	0	0
BRYN MAWR BANK CORP	COM	117665109	569	13,500	SH		SOLE		0	0	0
BT GROUP PLC-SPON	ADR	05577E101	10,831	470,300	SH		SOLE		0	0	0
CALATLANTIC GROUP INC	COM	128195104	4,761	140,000	SH		SOLE		0	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	3,792	45,100	SH		SOLE		0	0	0
CANADIAN PACIFIC RAILWAY LTD	COM	13645T100	13,963	97,800	SH		SOLE		0	0	0
CAPITAL ONE FINL CORP	COM	14040H105	779	8,926	SH		SOLE	1	1,000	0	7,926
CARDTRONICS PLC	SHS CL A	G1991C105	290	5,323	SH		SOLE		0	0	0
CARLISLE COS INC	COM	142339100	290	2,628	SH		SOLE	1	0	0	2,628
CARTER'S INC	COM	146229109	6,160	71,300	SH		SOLE		0	0	0
CASEYS GENERAL STORES INC	COM	147528103	353	2,969	SH		SOLE		0	0	0
CATHAY GENERAL BANCORP	COM	149150104	3,221	84,700	SH		SOLE	1	35,000	0	49,700
CBL & ASSOC PPTYS INC	COM	124830100	3,360	292,191	SH		SOLE		0	0	0
CBS CORP NEW	CL B	124857202	1,400	22,000	SH		SOLE		0	0	0
CENTENE CORP	COM	15135B101	226	4,000	SH		SOLE		0	0	0
CENTERSTATE BANKS INC	COM	15201P109	453	18,000	SH		SOLE		0	0	0
CENTRAL FED CORP	COM NEW	15346Q202	88	50,000	SH		SOLE		0	0	0
CERNER CORP	COM	156782104	663	14,000	SH		SOLE		0	0	0
CHART INDUSTRIES INC	COM PAR $0.01	16115Q308	497	13,800	SH		SOLE		0	0	0
CHATHAM LODGING TR	COM	16208T102	610	29,696	SH		SOLE		0	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	534	20,658	SH		SOLE		0	0	0
CHEVRON CORP NEW	COM	166764100	11,168	94,886	SH		SOLE	1	92,300	0	2,586
CIA SANEAMENTO BASICO DE	SPONSORED ADR	20441A102	1,942	223,700	SH		SOLE		0	0	0
CINEMARK HOLDINGS INC	COM	17243V102	1,995	52,000	SH		SOLE		0	0	0
CINTAS CORP	COM	172908105	335	2,900	SH		SOLE	1	0	0	2,900
CISCO SYS INC	COM	17275R102	6,546	216,600	SH		SOLE		0	0	0
CITIGROUP INC	COM NEW	172967424	13,789	232,025	SH		SOLE		0	0	0
CITIZENS FINANCIAL GROUP	COM	174610105	23,194	650,967	SH		SOLE		0	0	0
CLOVIS ONCOLOGY INC	COM	189464100	267	6,000	SH		SOLE		0	0	0
CLUBCORP HOLDINGS INC	COM	18948M108	1,033	72,000	SH		SOLE		0	0	0
CME GROUP INC	COM	12572Q105	9,563	82,900	SH		SOLE	1	75,000	0	7,900
CMS ENERGY CORP	COM	125896100	12,236	294,000	SH		SOLE	1	283,900	0	10,100
COASTWAY BANCORP INC	COM	190632109	203	13,000	SH		SOLE		0	0	0
COLONY CAPITAL INC	CL A	19624R106	33,812	1,669,707	SH		SOLE	1	1,639,007	0	30,700
COLONY STARWOOD HOMES	COM	19625X102	6,137	213,000	SH		SOLE		0	0	0
COMCAST CORP NEW	CL A	20030N101	14,153	204,961	SH		SOLE		0	0	0
COMERICA INC	COM	200340107	286	4,200	SH		SOLE		0	0	0
CONAGRA FOODS INC	COM	205887102	949	24,000	SH		SOLE		0	0	0
CONNECTONE BANCORP INC	COM	20786W107	208	8,000	SH		SOLE		0	0	0
CONOCOPHILLIPS	COM	20825C104	802	16,000	SH		SOLE		0	0	0
CONSOLIDATED EDISON INC	COM	209115104	988	13,410	SH		SOLE	1	0	0	13,410
CONSTELLATION BRANDS INC	CL A	21036P108	920	6,000	SH		SOLE		0	0	0
CORECIVIC INC	COM	21871N101	1,162	47,500	SH		SOLE		0	0	0
CORESITE REALTY CORP	COM	21870Q105	9,046	113,971	SH		SOLE		0	0	0
COUSINS PPTYS INC	COM	222795106	316	37,087	SH		SOLE		0	0	0
CRACKER BARREL OLD COUNTRY	COM	22410J106	1,202	7,200	SH		SOLE		0	0	0
CROWN CASTLE INTL CORP	COM	22822V101	3,054	35,200	SH		SOLE		0	0	0
CSRA INC	COM	12650T104	7,260	228,000	SH		SOLE		0	0	0
CSX CORP	COM	126408103	1,258	35,000	SH		SOLE		0	0	0
CVS CAREMARK CORPORATION	COM	126650100	18,315	232,106	SH		SOLE		0	0	0
CYRUSONE INC	COM	23283R100	21,715	485,469	SH		SOLE	1	478,469	0	7,000
D R HORTON INC	COM	23331A109	8,812	322,426	SH		SOLE	1	296,000	0	26,426
DDR CORP	COM	23317H102	383	25,075	SH		SOLE		0	0	0
DELL TECHNOLOGIES INC	COM CL V	24703L103	4,335	78,856	SH		SOLE		0	0	0
DELPHI AUTOMOTIVE PLC	SHS	G27823106	8,695	129,100	SH		SOLE		0	0	0
DELTA AIR LINES INC	COM NEW	247361702	9,302	189,100	SH		SOLE		0	0	0
DELUXE CORP	COM	248019101	4,873	68,050	SH		SOLE	1	55,000	0	13,050
DESCARTES SYSTEMS GRP/THE	COM	249906108	252	11,780	SH		SOLE		0	0	0
DIGITAL REALTY TRUST INC	COM	253868103	13,666	139,080	SH		SOLE	1	127,480	0	11,600
DISCOVER FINL SVCS	COM	254709108	10,075	139,750	SH		SOLE		0	0	0
DISH NETWORK CORP.	CL A	25470M109	1,842	31,800	SH		SOLE		0	0	0
DOLLAR GENERAL CORP	COM	256677105	13,184	178,000	SH		SOLE		0	0	0
DOUGLAS EMMETT INC	COM	25960P109	2,176	59,509	SH		SOLE		0	0	0
DTE ENERGY COMPANY	COM	233331107	2,611	26,500	SH		SOLE		0	0	0
DU PONT E I DE NEMOURS & CO	COM	263534109	661	9,000	SH		SOLE	1	0	0	9,000
DUKE ENERGY CORP NEW	COM NEW	26441C204	1,463	18,853	SH		SOLE	1	0	0	18,853
DUKE REALTY CORP	COM NEW	264411505	696	26,196	SH		SOLE		0	0	0
DUPONT FABROS TECHNOLOGY INC	COM	26613Q106	4,492	102,252	SH		SOLE		0	0	0
DYCOM INDUSTRIES INC	COM	267475101	2,654	33,051	SH		SOLE		0	0	0
EAGLE PHARMACEUTICALS INC	COM	269796108	555	7,000	SH		SOLE		0	0	0
EAST WEST BANCORP INC	COM	27579R104	864	17,000	SH		SOLE		0	0	0
ECOLAB INC	COM	278865100	457	3,900	SH		SOLE	1	0	0	3,900
EDUCATION RLTY TR INC	COM NEW	28140H203	370	8,740	SH		SOLE		0	0	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	1,903	20,312	SH		SOLE		0	0	0
EMPIRE STATE REALTY TRUST IN	CL A	292104106	918	45,455	SH		SOLE		0	0	0
ENBRIDGE INC	COM	29250N105	13,289	315,500	SH		SOLE		0	0	0
ENBRIDGE INC	COM	29250N105	3,438	81,700	SH		SOLE		0	0	0
ENTERPRISE FINANCIAL SERVICE	COM	293712105	394	9,163	SH		SOLE		0	0	0
EOG RESOURCES INC	COM	26875P101	7,229	71,500	SH		SOLE		0	0	0
EPR PROPERTIES	COM SH BEN INT	26884U109	647	9,012	SH		SOLE		0	0	0
EQUINIX INC	COM PAR $0.001	29444U700	15,780	44,150	SH		SOLE		0	0	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	2,084	28,900	SH		SOLE		0	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	4,480	69,610	SH		SOLE		0	0	0
ESSENT GROUP LTD	COM	G3198U102	565	17,449	SH		SOLE		0	0	0
ESSEX PPTY TR INC	COM	297178105	5,588	24,035	SH		SOLE		0	0	0
EVERCORE PARTNERS INC	CLASS A	29977A105	7,901	115,000	SH		SOLE		0	0	0
EVERSOURCE ENERGY	COM	30040W108	204	3,700	SH		SOLE	1	0	0	3,700
EXELON CORP	COM	30161N101	1,611	45,400	SH		SOLE		0	0	0
EXPEDIA INC DEL	COM NEW	30212P303	238	2,100	SH		SOLE	1	0	0	2,100
EXPRESS SCRIPTS INC	COM	30219G108	5,525	80,315	SH		SOLE	1	51,584	0	28,731
EXTENDED STAY AMERICA INC	UNIT 99/99/9999B	30224P200	3,674	227,464	SH		SOLE		0	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	1,352	17,500	SH		SOLE		0	0	0
EXXON MOBIL CORP	COM	30231G102	2,537	28,111	SH		SOLE	1	14,500	0	13,611
FAIR ISAAC CORP	COM	303250104	974	8,171	SH		SOLE		0	0	0
FCB FINANCIAL HOLDINGS INC	CL A	30255G103	477	10,000	SH		SOLE		0	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	1,720	12,100	SH		SOLE		0	0	0
FEDEX CORP	COM	31428X106	23,033	123,700	SH		SOLE	1	112,400	0	11,300
FIDELITY NATIONAL FINANCIAL	FNF GROUP COM	31620R303	238	7,000	SH		SOLE		0	0	0
FIRST MERCHANTS CORP	COM	320817109	339	9,000	SH		SOLE		0	0	0
FIRSTENERGY CORP	COM	337932107	344	11,100	SH		SOLE	1	0	0	11,100
FISERV INC	COM	337738108	4,559	42,900	SH		SOLE	1	39,000	0	3,900
FLIR SYS INC	COM	302445101	2,664	73,600	SH		SOLE		0	0	0
FOOT LOCKER INC	COM	344849104	9,116	128,600	SH		SOLE		0	0	0
FOREST CITY REALTY TRUST	COM CL A	345605109	261	12,500	SH		SOLE		0	0	0
FORTIS INC	COM	349553107	1,036	33,553	SH		SOLE		0	0	0
G & K SERVICES INC	CL A	361268105	3,183	33,000	SH		SOLE	1	29,000	0	4,000
GAMESTOP CORP NEW	CL A	36467W109	808	32,000	SH		SOLE		0	0	0
GARMIN LTD	SHS	H2906T109	524	10,800	SH		SOLE		0	0	0
GARRISON CAPITAL INC	COM	366554103	140	15,000	SH		SOLE		0	0	0
GATX CORP	COM	361448103	2,623	42,600	SH		SOLE	1	23,500	0	19,100
GENERAC HOLDINGS INC	COM	368736104	2,102	51,600	SH		SOLE	1	46,000	0	5,600
GENERAL ELECTRIC CO	COM	369604103	512	16,216	SH		SOLE	1	0	0	16,216
GENERAL GROWTH PPTYS INC	COM	370023103	8,233	329,600	SH		SOLE		0	0	0
GENESEE & WYOMING INC	CL A	371559105	2,672	38,500	SH		SOLE		0	0	0
GEO GROUP INC	COM	36162J106	7,186	200,000	SH		SOLE		0	0	0
GILEAD SCIENCES INC	COM	375558103	2,263	31,600	SH		SOLE	1	26,300	0	5,300
GLACIER BANCORP INC	COM	37637Q105	627	17,300	SH		SOLE	1	0	0	17,300
GRANA Y MONTERO SA	SPONSORED ADR	38500P208	715	100,000	SH		SOLE		0	0	0
GREEN BANCORP INC	COM	39260X100	213	14,000	SH		SOLE		0	0	0
GREENLIGHT CAPITAL RE LT	CLASS A	G4095J109	348	15,251	SH		SOLE		0	0	0
GRUPO AEROPORTUARIO SUR	SPON ADR SER B	40051E202	748	5,200	SH		SOLE		0	0	0
HALLMARK FINL SERVICES INC	COM NEW	40624Q203	186	16,000	SH		SOLE		0	0	0
HARMAN INTL INDS INC	COM	413086109	1,023	9,200	SH		SOLE		0	0	0
HARRIS CORP DEL	COM	413875105	17,479	170,575	SH		SOLE	1	153,800	0	16,775
HARTFORD FINL SVCS GROUP INC	COM	416515104	1,501	31,500	SH		SOLE		0	0	0
HAWAIIAN ELEC INDUSTRIES	COM	419870100	225	6,800	SH		SOLE		0	0	0
HCP INC	COM	40414L109	502	16,887	SH		SOLE		0	0	0
HEICO CORP	CL A	422806208	363	5,339	SH		SOLE		0	0	0
HENRY SCHEIN INC	COM	806407102	3,732	24,600	SH		SOLE	1	17,000	0	7,600
HEXCEL CORP NEW	COM	428291108	926	18,000	SH		SOLE		0	0	0
HOME DEPOT INC	COM	437076102	11,879	88,600	SH		SOLE	1	81,900	0	6,700
HOPFED BANCORP INC	COM	439734104	256	19,000	SH		SOLE		0	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	1,616	85,800	SH		SOLE	1	74,800	0	11,000
HOVNANIAN ENTERPRISES INC	CL A	442487203	27	10,000	SH		SOLE	1	0	0	10,000
HOWARD HUGHES CORP	COM	44267D107	6,903	60,500	SH		SOLE		0	0	0
HUB GROUP INC	CL A	443320106	395	9,018	SH		SOLE		0	0	0
HUDSON PACIFIC PROPERTIES IN	COM	444097109	6,006	17,414	SH		SOLE		0	0	0
HUMANA INC	COM	444859102	2,163	10,600	SH		SOLE		0	0	0
IBERIABANK CORP	COM	450828108	209	2,500	SH		SOLE		0	0	0
ICU MEDICAL INC	COM	44930G107	524	3,559	SH		SOLE		0	0	0
ILLUMINA INC	COM	452327109	4,289	33,500	SH		SOLE	1	31,800	0	1,700
IMPAC MTG HLDGS INC	COM NEW	45254P508	701	50,000	SH		SOLE		0	0	0
INC RESEARCH HOLDINGS INC	CL A	45329R109	295	5,617	SH		SOLE		0	0	0
INGERSOLL-RAND PLC	SHS	G47791101	1,126	15,000	SH		SOLE		0	0	0
INTEL CORP	COM	458140100	14,892	410,584	SH		SOLE	1	384,000	0	26,584
INTERCONTINENTALEXCHANGE INC	COM	45866F104	271	4,800	SH		SOLE		0	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	1,871	11,273	SH		SOLE	1	0	0	11,273
INTERXION HOLDING NV	SHS	N47279109	6,313	180,000	SH		SOLE		0	0	0
INTL FLAVORS & FRAGRANCES	COM	459506101	2,480	21,050	SH		SOLE	1	10,400	0	10,650
INTRA-CELLULAR THERAPIES INC	COM	46116X101	1,116	73,944	SH		SOLE	1	48,444	0	25,500
INTUITIVE SURGICAL INC	COM NEW	46120E602	4,407	6,950	SH		SOLE	1	5,500	0	1,450
IONIS PHARMACEUTICALS INC	COM	462222100	478	10,000	SH		SOLE		0	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06740Q252	510	20,000	SH		SOLE		0	0	0
IPG PHOTONICS CORP	COM	44980X109	494	5,000	SH		SOLE		0	0	0
J2 GLOBAL INC	COM	48123V102	459	5,617	SH		SOLE		0	0	0
JACOBS ENGR GROUP INC DEL	COM	469814107	570	10,000	SH		SOLE		0	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	3,391	31,100	SH		SOLE	1	23,300	0	7,800
JOHNSON & JOHNSON	COM	478160104	15,286	132,676	SH		SOLE	1	35,530	0	97,146
JONES LANG LASALLE INC	COM	48020Q107	3,031	30,000	SH		SOLE		0	0	0
JPMORGAN	ALERIAN ML ETN	46625H365	1,233	39,000	SH		SOLE	1	0	0	39,000
JPMORGAN CHASE & CO	COM	46625H100	4,981	57,727	SH		SOLE	1	39,500	0	18,227
JUNIPER NETWORKS INC	COM	48203R104	1,046	37,000	SH		SOLE		0	0	0
JUST ENERGY GROUP INC	COM	48213W101	57	10,500	SH		SOLE	1	0	0	10,500
KANSAS CITY SOUTHERN	COM NEW	485170302	1,188	14,000	SH		SOLE		0	0	0
KENNEDY-WILSON HLDGS INC	COM	489398107	563	27,461	SH		SOLE		0	0	0
KEYCORP NEW	COM	493267108	365	20,000	SH		SOLE		0	0	0
KILROY RLTY CORP	COM	49427F108	17,556	239,773	SH		SOLE		0	0	0
KIMCO REALTY CORP	COM	49446R109	1,295	51,500	SH		SOLE		0	0	0
KINDER MORGAN HOLDCO LLC	COM	49456B101	18,908	913,000	SH		SOLE		0	0	0
KITE PHARMA INC	COM	49803L109	673	15,000	SH		SOLE		0	0	0
KKR & CO L P DEL	COM UNITS	48248M102	693	45,000	SH		SOLE		0	0	0
KRAFT HEINZ CO/THE	COM	500754106	9,640	110,400	SH		SOLE	1	106,700	0	3,700
KROGER CO	COM	501044101	10,922	316,500	SH		SOLE		0	0	0
LABORATORY CRP OF AMER HLDGS	COM NEW	50540R409	1,309	10,200	SH		SOLE	1	7,000	0	3,200
LAKELAND BANCORP INC	COM	511637100	195	10,000	SH		SOLE		0	0	0
LAMB WESTON HOLDING INC	COM	513272104	379	10,000	SH		SOLE		0	0	0
LEGG MASON INC	COM	524901105	1,107	37,000	SH		SOLE		0	0	0
LENNAR CORP	CL A	526057104	20,091	468,000	SH		SOLE	1	445,900	0	22,100
LENNAR CORP	CL B	526057302	470	13,620	SH		SOLE		0	0	0
LGI HOMES INC	COM	50187T106	12,262	426,807	SH		SOLE	1	400,207	0	26,600
LIBERTY PROPERTY TRUST	SH BEN INT	531172104	936	23,708	SH		SOLE		0	0	0
LIFE STORAGE INC	COM	53223X107	1,184	13,883	SH		SOLE	1	5,300	0	8,583
LIGAND PHARMACEUTICALS INC	COM NEW	53220K504	334	3,284	SH		SOLE		0	0	0
LITHIA MOTORS INC	CL A	536797103	470	4,854	SH		SOLE		0	0	0
LIVE NATION ENTERTAINMENT IN	COM	538034109	454	17,058	SH		SOLE		0	0	0
LOCKHEED MARTIN CORP	COM	539830109	212	850	SH		SOLE		0	0	0
LOWES COS INC	COM	548661107	1,138	16,000	SH		SOLE		0	0	0
LULULEMON ATHLETICA INC	COM	550021109	390	6,000	SH		SOLE		0	0	0
M & T BK CORP	COM	55261F104	10,278	65,705	SH		SOLE	1	0	0	65,705
MACERICH CO	COM	554382101	4,394	62,028	SH		SOLE		0	0	0
MACK CALI RLTY CORP	COM	554489104	435	15,000	SH		SOLE		0	0	0
MARATHON PETROLEUM CORP	COM	56585A102	11,137	221,200	SH		SOLE		0	0	0
MARRIOTT INTL INC NEW	CL A	571903202	595	7,200	SH		SOLE		0	0	0
MASTEC INC	COM	576323109	1,442	37,700	SH		SOLE		0	0	0
MAXIMUS INC	COM	577933104	3,090	55,382	SH		SOLE	1	31,282	0	24,100
MCKESSON CORP	COM	58155Q103	12,000	85,439	SH		SOLE	1	75,539	0	9,900
MEDALLION FINANCIAL CORP	COM	583928106	162	53,704	SH		SOLE	1	39,804	0	13,900
MEDNAX INC	COM	58502B106	5,993	89,900	SH		SOLE	1	57,000	0	32,900
MEDTRONIC INC	SHS	G5960L103	10,920	153,300	SH		SOLE		0	0	0
MERCK & CO INC NEW	COM	58933Y105	424	7,200	SH		SOLE	1	0	0	7,200
META FINANCIAL GROUP INC	COM	59100U108	244	2,368	SH		SOLE		0	0	0
METTLER-TOLEDO INTERNATIONAL	COM	592688105	209	500	SH		SOLE		0	0	0
MICROSOFT CORP	COM	594918104	9,290	149,503	SH		SOLE		0	0	0
MIDDLEBY CORP	COM	596278101	876	6,800	SH		SOLE	1	5,000	0	1,800
MIDWESTONE FINANCIAL GROUP I	COM	598511103	207	5,500	SH		SOLE		0	0	0
MINERVA NEUROSCIENCES INC	COM	603380106	118	10,000	SH		SOLE		0	0	0
MOBILEYE NV	ORD SHS	N51488117	1,788	46,900	SH		SOLE	1	38,000	0	8,900
MOHAWK INDS INC	COM	608190104	1,577	7,900	SH		SOLE	1	6,000	0	1,900
MOLINA HEALTHCARE INC	COM	60855R100	543	10,000	SH		SOLE		0	0	0
MONDELEZ INTERN	CL A	609207105	15,449	348,500	SH		SOLE		0	0	0
NASDAQ INC.	COM	631103108	268	4,000	SH		SOLE		0	0	0
NATIONAL RESEARCH CORP	CL B	637372301	441	10,595	SH		SOLE		0	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	265	12,000	SH		SOLE		0	0	0
NATUS MEDICAL INC	COM	639050103	242	6,956	SH		SOLE		0	0	0
NEW YORK REIT INC	COM	64976L109	773	76,382	SH		SOLE		0	0	0
NEWELL BRANDS INC	COM	651229106	14,113	316,083	SH		SOLE	1	294,977	0	21,106
NEWLINK GENETICS CORP	COM	651511107	300	29,200	SH		SOLE		0	0	0
NEWMARKET CORP	COM	651587107	339	800	SH		SOLE		0	0	0
NEWSTAR FINANCIAL INC	COM	65251F105	185	20,000	SH		SOLE		0	0	0
NEXSTAR BROADCASTING GROUP	CL A	65336K103	647	10,222	SH		SOLE		0	0	0
NEXTERA ENERGY INC	COM	65339F101	18,060	151,188	SH		SOLE	1	137,500	0	13,688
NMI HOLDINGS INC	CL A	629209305	240	22,500	SH		SOLE		0	0	0
NOMAD FOODS LTD	USD ORD SHS	G6564A105	1,415	147,811	SH		SOLE		0	0	0
NORFOLK SOUTHERN CORP	COM	655844108	11,769	108,900	SH		SOLE		0	0	0
NORTHEAST BANCORP	COM NEW	663904209	197	15,000	SH		SOLE		0	0	0
NORTHROP GRUMMAN CORP	COM	666807102	1,025	4,407	SH		SOLE	1	200	0	4,207
NORTHSTAR REALTY EUROPE CORP	COM	66706L101	5,025	399,751	SH		SOLE		0	0	0
NORTHSTAR REALTY FINANCE	COM	66704R803	7,763	512,386	SH		SOLE	1	500,436	0	11,950
NOVARTIS A G	SPONSORED ADR	66987V109	11,775	161,653	SH		SOLE		0	0	0
NOVO-NORDISK A/S	ADR	670100205	4,303	120,000	SH		SOLE		0	0	0
NRG ENERGY INC	COM NEW	629377508	2,023	165,000	SH		SOLE		0	0	0
NRG YIELD INC	CL A NEW	62942X306	10,280	669,300	SH		SOLE		0	0	0
NRG YIELD INC	CL C	62942X405	7,971	504,500	SH		SOLE		0	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	278	1,000	SH		SOLE	1	0	0	1,000
OAKTREE CAPITAL GROUP LLC	UNIT CL A	674001201	938	25,000	SH		SOLE		0	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	1,011	14,200	SH		SOLE		0	0	0
OCEANFIRST FINL CORP	COM	675234108	520	17,300	SH		SOLE		0	0	0
OM ASSET MANAGEMENT LTD	SHS	G67506108	3,227	222,555	SH		SOLE		0	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	794	25,423	SH		SOLE		0	0	0
ON ASSIGNMENT INC	COM	682159108	662	15,000	SH		SOLE		0	0	0
ON DECK CAPITAL INC	COM	682163100	153	33,010	SH		SOLE		0	0	0
ORACLE CORP	COM	68389X105	1,307	34,000	SH		SOLE		0	0	0
ORBITAL ATK INC	COM	68557N103	7,782	88,700	SH		SOLE		0	0	0
PACIFIC MERCANTILE BANCORP	COM	694552100	159	21,800	SH		SOLE		0	0	0
PARAMOUNT GROUP INC	COM	69924R108	569	35,608	SH		SOLE		0	0	0
PATRICK INDUSTRIES INC	COM	703343103	350	4,591	SH		SOLE		0	0	0
PATTERN ENERGY GROUP INC	CL A	70338P100	11,159	587,600	SH		SOLE	1	577,200	0	10,400
PEBBLEBROOK HOTEL TR	COM	70509V100	515	17,300	SH		SOLE		0	0	0
PENNYMAC FINANCIAL SERVICE	CL A	70932B101	167	10,000	SH		SOLE		0	0	0
PEPSICO INC	COM	713448108	1,360	13,000	SH		SOLE		0	0	0
PFIZER INC	COM	717081103	10,874	334,781	SH		SOLE	1	312,300	0	22,481
PG&E CORP	COM	69331C108	2,516	41,400	SH		SOLE	1	37,100	0	4,300
PGT INC	COM	69336V101	172	15,000	SH		SOLE		0	0	0
PHARMATHENE INC	COM	71714G102	1,348	414,816	SH		SOLE		0	0	0
PINNACLE FOODS INC	COM	72348P104	748	14,000	SH		SOLE		0	0	0
PINNACLE WEST CAP CORP	COM	723484101	796	10,200	SH		SOLE		0	0	0
PNC FINL SVCS GROUP INC	COM	693475105	17,380	148,600	SH		SOLE		0	0	0
POPEYES LOUISIANA KITCHEN INC	COM	732872106	283	4,673	SH		SOLE		0	0	0
PPG INDS INC	COM	693506107	758	8,000	SH		SOLE		0	0	0
PRA GROUP INC	COM	69354N106	237	6,055	SH		SOLE		0	0	0
PREFERRED BANK/LOS ANGELES	COM NEW	740367404	446	8,500	SH		SOLE		0	0	0
PRICELINE GROUP INC	COM NEW	741503403	352	240	SH		SOLE	1	0	0	240
PRIMERICA INC.	COM	74164M108	526	7,600	SH		SOLE		0	0	0
PROASSURANCE CORP	COM	74267C106	5,777	102,793	SH		SOLE		0	0	0
PROCTER & GAMBLE CO	COM	742718109	2,425	28,836	SH		SOLE	1	10,500	0	18,336
PROLOGIS INC	COM	74340W103	4,925	93,292	SH		SOLE		0	0	0
PUBLIC STORAGE	COM	74460D109	5,602	25,065	SH		SOLE		0	0	0
PULTE GROUP INC	COM	745867101	1,029	55,958	SH		SOLE		0	0	0
QUALCOMM INC	COM	747525103	1,571	24,100	SH		SOLE	1	21,000	0	3,100
RADIAN GROUP INC	COM	750236101	252	14,010	SH		SOLE		0	0	0
RADNET INC	COM	750491102	99	15,336	SH		SOLE	1	0	0	15,336
RANDGOLD RESOURCES LTD	ADR	752344309	7,787	102,000	SH		SOLE		0	0	0
RAYTHEON CO	COM NEW	755111507	8,564	60,313	SH		SOLE	1	54,800	0	5,513
REGENCY CTRS CORP	COM	758849103	690	10,000	SH		SOLE		0	0	0
REGENERON PHARMACEUTICALS	COM	75886F107	367	1,000	SH		SOLE	1	0	0	1,000
REGIONS FINANCIAL CORP NEW	COM	7591EP100	18,226	1,269,200	SH		SOLE		0	0	0
ROSS STORES INC	COM	778296103	3,280	50,000	SH		SOLE		0	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	668	27,344	SH		SOLE		0	0	0
SCANA CORP NEW	COM	80589M102	344	4,700	SH		SOLE	1	0	0	4,700
SCHLUMBERGER LTD	COM	806857108	1,058	12,600	SH		SOLE		0	0	0
SCHWAB CHARLES CORP NEW	COM	808513105	276	7,000	SH		SOLE		0	0	0
SCIENCE APPLICATIONS INTE	COM	808625107	255	3,010	SH		SOLE		0	0	0
SCOTTS MIRACLE GRO CO	CL A	810186106	1,003	10,500	SH		SOLE		0	0	0
SEACOAST BKG CORP FLA	COM NEW	811707801	397	18,000	SH		SOLE		0	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	256	11,000	SH		SOLE		0	0	0
SEMGROUP CORP	CL A	81663A105	4,434	106,200	SH		SOLE		0	0	0
SHIRE PLC	SPONSORED ADR	82481R106	10,858	63,729	SH		SOLE		0	0	0
SHORE BANCSHARES INC	COM	825107105	206	13,500	SH		SOLE		0	0	0
SI FINANCIAL GROUP INC	COM	78425V104	200	13,000	SH		SOLE		0	0	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	1,127	7,500	SH		SOLE		0	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	24,639	138,679	SH		SOLE	1	134,137	0	4,542
SL GREEN RLTY CORP	COM	78440X101	5,525	51,371	SH		SOLE		0	0	0
SNAP ON INC	COM	833034101	21,032	122,800	SH		SOLE	1	107,300	0	15,500
SOLAREDGE TECHNOLOGIES INC	COM	83417M104	587	47,300	SH		SOLE	1	27,000	0	20,300
SOUTHERN CO	COM	842587107	339	6,900	SH		SOLE	1	0	0	6,900
SOUTHERN NATL BANCORP OF VA IN	COM	843395104	270	16,500	SH		SOLE		0	0	0
SPDR	S&P BIOTECH	78464A870	12,152	205,300	SH		SOLE		0	0	0
SS&C TECHNOLOGIES HOLDINGS, INC.	COM	78467J100	351	12,276	SH		SOLE		0	0	0
STAG INDUSTRIAL INC	COM	85254J102	777	32,537	SH		SOLE		0	0	0
STARBUCKS CORP	COM	855244109	811	14,600	SH		SOLE		0	0	0
STARWOOD PPTY TR INC	COM	85571B105	18,595	847,144	SH		SOLE	1	811,944	0	35,200
STATE STR CORP	COM	857477103	832	10,700	SH		SOLE	1	0	0	10,700
STERLING BANCORP	COM	85917A100	281	12,000	SH		SOLE		0	0	0
STONEGATE BANK	COM	861811107	334	8,000	SH		SOLE		0	0	0
STRYKER CORP	COM	863667101	371	3,100	SH		SOLE	1	0	0	3,100
SUMMIT ST BK SANTA ROSA CALIF	COM	866264203	150	10,000	SH		SOLE		0	0	0
SVB FINANCIAL GROUP	COM	78486Q101	1,150	6,700	SH		SOLE		0	0	0
SYMANTEC CORP	COM	871503108	526	22,000	SH		SOLE		0	0	0
SYNAPTICS INC	COM	87157D109	268	5,000	SH		SOLE		0	0	0
SYNCHRONY FINANCIAL	COM	87165B103	10,736	296,000	SH		SOLE		0	0	0
T-MOBILE US INC	COM	872590104	3,324	57,800	SH		SOLE		0	0	0
TAUBMAN CTRS INC	COM	876664103	1,427	19,306	SH		SOLE		0	0	0
TAYLOR MORRISON HOME CORP	CL A	87724P106	3,853	200,026	SH		SOLE		0	0	0
TCF FINL CORP	COM	872275102	225	11,500	SH		SOLE		0	0	0
TE CONNECTIVITY LTD	REG SHS	H84989104	15,516	223,963	SH		SOLE		0	0	0
SELECT SECT SPDR	TECHNOLOGY	81369Y803	967	20,000	SH		SOLE		0	0	0
TELEFLEX INC	COM	879369106	1,724	10,700	SH		SOLE	1	7,500	0	3,200
TERRAFORM POWER INC	CL A COM	88104R100	13,873	1,083,000	SH		SOLE		0	0	0
TERRENO RLTY CORP	COM	88146M101	1,455	51,058	SH		SOLE		0	0	0
TESORO CORP	COM	881609101	5,772	66,000	SH		SOLE		0	0	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	10,571	291,619	SH		SOLE	1	279,700	0	11,919
THERAPEUTICSMD INC	COM	88338N107	69	12,000	SH		SOLE		0	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	12,170	86,250	SH		SOLE	1	82,200	0	4,050
TIFFANY & CO NEW	COM	886547108	713	9,210	SH		SOLE	1	3,000	0	6,210
TIPTREE FINANCIAL INC	CL A	88822Q103	135	22,000	SH		SOLE		0	0	0
TJX COS INC NEW	COM	872540109	10,270	136,700	SH		SOLE		0	0	0
TOLL BROTHERS INC	COM	889478103	3,655	117,900	SH		SOLE	1	110,000	0	7,900
TORTOISE PIPELINE & ENERGY F	COM	89148H108	776	36,000	SH		SOLE	1	0	0	36,000
TRAVELCENTERS OF AMERICA LLC	COM	894174101	1,510	212,726	SH		SOLE		0	0	0
TRAVELERS COMPANIES INC	COM	89417E109	245	2,000	SH		SOLE		0	0	0
TRI POINTE HOMES LLC	COM	87265H109	2,319	202,000	SH		SOLE		0	0	0
TRIBUNE MEDIA CO	CL A	896047503	7,431	212,444	SH		SOLE		0	0	0
TRINITY INDUSTRIES INC	COM	896522109	1,099	39,600	SH		SOLE	1	18,000	0	21,600
TRIPLEPOINT VENTURE GROWTH B	COM	89677Y100	130	11,000	SH		SOLE		0	0	0
TWENTY-FIRST CENTURY FOX INC	CL A	90130A101	6,561	234,002	SH		SOLE		0	0	0
TWO HBRS INVT CORP	COM	90187B101	10,437	1,196,931	SH		SOLE		0	0	0
UDR INC	COM	902653104	1,346	36,900	SH		SOLE		0	0	0
ULTA SALON COSMETICS & FRAGR	COM	90384S303	1,594	6,252	SH		SOLE		0	0	0
UNION PAC CORP	COM	907818108	4,624	44,600	SH		SOLE	1	17,000	0	27,600
UNITED CMNTY BKS BLAIRSVLE GA CAP STK	COM	90984P303	385	13,000	SH		SOLE		0	0	0
UNITED COMMUNITY FINANCIAL	COM	909839102	152	17,000	SH		SOLE		0	0	0
UNITED RENTALS INC	COM	911363109	1,288	12,200	SH		SOLE	1	4,000	0	8,200
UNITEDHEALTH GROUP INC	COM	91324P102	8,355	52,206	SH		SOLE		0	0	0
UNIVERSAL HEALTH SERVICES	CL B	913903100	15,021	141,200	SH		SOLE	1	132,700	0	8,500
URBAN EDGE PROPERTIES	COM	91704F104	754	27,422	SH		SOLE		0	0	0
US CONCRETE INC	COM NEW	90333L201	433	6,604	SH		SOLE		0	0	0
V F CORP	COM	918204108	7,341	137,600	SH		SOLE	1	127,700	0	9,900
VALLEY NATL BANCORP	COM	919794107	430	36,961	SH		SOLE	1	14,000	0	22,961
VALSPAR CORP	COM	920355104	2,756	26,600	SH		SOLE	1	14,000	0	12,600
VENTAS INC	COM	92276F100	4,959	79,312	SH		SOLE	1	55,712	0	23,600
VEREIT INC	COM	92339V100	99	11,800	SH		SOLE	1	0	0	11,800
VERIZON COMMUNICATIONS INC	COM	92343V104	1,793	33,597	SH		SOLE	1	27,000	0	6,597
VORNADO RLTY TR	SH BEN INT	929042109	5,445	52,173	SH		SOLE	1	46,692	0	5,481
WALGREENS BOOTS ALLIANCE INC	COM	931427108	2,259	27,300	SH		SOLE	1	21,000	0	6,300
WALKER & DUNLOP INC	COM	93148P102	234	7,500	SH		SOLE		0	0	0
WASHINGTON PRIME GROUP INC	COM	93964W108	2,616	251,336	SH		SOLE		0	0	0
WASHINGTON TRUST BANCORP	COM	940610108	567	10,120	SH		SOLE	1	0	0	10,120
WASTE CONNECTIONS INC	COM	94106B101	1,234	15,700	SH		SOLE		0	0	0
WEBSTER FINL CORP CONN	COM	947890109	217	4,000	SH		SOLE		0	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	542	15,130	SH		SOLE		0	0	0
WELLS FARGO & CO NEW	COM	949746101	63,996	1,161,239	SH		SOLE	1	254,519	0	906,720
WELLTOWER INC	COM	95040Q104	1,660	24,803	SH		SOLE		0	0	0
WESTERN ALLIANCE BANCORP	COM	957638109	219	4,500	SH		SOLE		0	0	0
WESTERN DIGITAL CORP	COM	958102105	12,366	182,000	SH		SOLE		0	0	0
WEYERHAEUSER CO	COM	962166104	397	13,200	SH		SOLE		0	0	0
WHIRLPOOL CORP	COM	963320106	15,487	85,200	SH		SOLE	1	78,600	0	6,600
WILLIAM LYON HOMES	CL A NEW	552074700	10,500	551,771	SH		SOLE		0	0	0
WILLIAMS-SONOMA INC	COM	969904101	910	18,800	SH		SOLE	1	11,000	0	7,800
WILLIAMS COS INC	COM	969457100	2,401	77,100	SH		SOLE		0	0	0
WISCONSIN ENERGY CORP	COM	92939U106	469	8,000	SH		SOLE		0	0	0
YADKIN VALLEY FINANCIAL CORP	COM	984305102	343	10,000	SH		SOLE		0	0	0
ZEBRA TECHNOLOGIES CORP	CL A	989207105	1,887	22,000	SH		SOLE		0	0	0
ZELTIQ AESTHETICS INC	COM	98933Q108	783	18,000	SH		SOLE		0	0	0
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	13,571	131,500	SH		SOLE	1	120,500	0	11,000
ZIONS BANCORPORATION	COM	989701107	215	5,000	SH		SOLE		0	0	0
ZOETIS INC	CL A	98978V103	371	6,935	SH		SOLE	1	0	0	6,935