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	625	3,000	SH		SOLE	1	0	0	3,000
ABBOTT LABS	COM	002824100	614	12,633	SH		SOLE	1	0	0	12,633
ABBVIE INC	COM	00287Y109	2,305	31,783	SH		SOLE	1	20,000	0	11,783
ACADIA HEALTHCARE CO INC	COM	00404A109	319	6,450	SH		SOLE	1	400	0	6,050
ACUITY BRANDS INC	COM	00508Y102	1,016	5,000	SH		SOLE		5,000	0	0
AETNA INC	COM	00817Y108	9,413	62,000	SH		SOLE		62,000	0	0
AFFILIATED MANAGERS GROUP	COM	008252108	207	1,250	SH		SOLE		1,250	0	0
AGROFRESH SOLUTIONS INC	COM	00856G109	239	33,245	SH		SOLE		33,245	0	0
AIR PRODS & CHEMS INC	COM	009158106	1,474	10,300	SH		SOLE		10,300	0	0
ALARM.COM HOLDINGS INC	COM	011642105	446	11,861	SH		SOLE		11,861	0	0
ALBEMARLE CORP	COM	012653101	2,654	25,150	SH		SOLE	1	15,200	0	9,950
ALEXANDERS INC	COM	014752109	6,230	14,782	SH		SOLE	1	7,900	0	6,882
ALEXANDRIA REAL ESTATE EQ INC	COM	015271109	6,340	52,628	SH		SOLE	1	47,028	0	5,600
ALLEGIANCE BANCSHARES INC	COM	01748H107	211	5,500	SH		SOLE		5,500	0	0
ALLERGAN PLC	SHS	G0177J108	1,398	5,750	SH		SOLE	1	4,000	0	1,750
ALLETE INC	COM NEW	018522300	311	4,334	SH		SOLE		4,334	0	0
ALLIED WORLD ASSURANCE CO	SHS	H01531104	2,910	55,000	SH		SOLE		55,000	0	0
ALLSTATE CORP	COM	020002101	254	2,870	SH		SOLE		2,870	0	0
ALPHABET INC	CAP STK CL A	02079K305	10,817	11,635	SH		SOLE	1	10,100	0	1,535
ALPHABET INC	CAP STK CL C	02079K107	18,765	20,650	SH		SOLE	1	19,124	0	1,526
ALPINE GLOBAL PREMIER PROPERTIES FUND	COM SBI	02083A103	6,215	980,312	SH		SOLE	1	2	0	980,310
ALPINE TOTAL DYNAMIC DIVID FD	COM SH BEN INT N	021060207	4,207	484,076	SH		SOLE	1	117	0	483,959
ALTISOURCE RESIDENTI	CL B	02153W100	3,777	291,878	SH		SOLE		291,878	0	0
AMBARELLA INC	SHS	G037AX101	1,160	23,900	SH		SOLE		23,900	0	0
AMERCO	COM	023586100	5,692	15,550	SH		SOLE	1	11,300	0	4,250
AMERICAN ASSETS TRUST INC	COM	024013104	1,029	26,114	SH		SOLE		26,114	0	0
AMERICAN CAMPUS COMMUNITIES	COM	024835100	710	15,000	SH		SOLE		15,000	0	0
AMERICAN ELEC PWR INC	COM	025537101	1,709	24,600	SH		SOLE	1	18,000	0	6,600
AMERICAN INTL GROUP INC	COM NEW	026874784	221	3,538	SH		SOLE		3,538	0	0
AMERICAN TOWER CORP	COM	03027X100	14,383	108,700	SH		SOLE		108,700	0	0
AMERICAN WOODMARK CORP	COM	030506109	310	3,248	SH		SOLE		3,248	0	0
AMERIPRISE FINL INC	COM	03076C106	267	2,100	SH		SOLE	1	2,100	0	2,100
AMERISERV FINANCIAL INC	COM	03074A102	253	61,000	SH		SOLE		61,000	0	0
AMGEN INC	COM	031162100	4,435	25,750	SH		SOLE	1	19,500	0	6,250
ANSYS INC	COM	03662Q105	1,132	9,300	SH		SOLE		9,300	0	0
ANTHEM INC	COM	036752103	6,938	36,877	SH		SOLE	1	34,300	0	2,577
APACHE CORP	COM	037411105	6,739	140,600	SH		SOLE	1	136,000	0	4,600
APOGEE ENTERPRISES INC	COM	037598109	1,248	21,950	SH		SOLE	1	7,600	0	14,350
APPLE INC	COM	037833100	44,604	309,710	SH		SOLE	1	306,700	0	3,010
APPLIED MATLS INC	COM	038222105	15,392	372,600	SH		SOLE		372,600	0	0
APPLIED OPTOELECTRONICS INC	COM	03823U102	1,298	21,000	SH		SOLE		21,000	0	0
ARBOR REALTY TRUST INC	COM	038923108	1,822	218,500	SH		SOLE		218,500	0	0
ARCELORMITTAL SA LUXEMBOURG	NY REGISTRY SH	03938L203	7,046	309,999	SH		SOLE		309,999	0	0
ARES CAPITAL CORP	COM	04010L103	12,516	764,100	SH		SOLE		764,100	0	0
ASHFORD HOSPITALITY PRIME IN	COM	044102101	309	30,000	SH		SOLE		30,000	0	0
AT&T INC	COM	00206R102	1,934	51,252	SH		SOLE	1	39,000	0	12,252
ATLANTICA YIELD PLC	SHS	G0751N103	1,690	79,100	SH		SOLE		79,100	0	0
AVALONBAY CMNTYS INC	COM	053484101	4,924	25,625	SH		SOLE		25,625	0	0
AVERY DENNISON CORP	COM	053611109	2,156	24,400	SH		SOLE	1	13,600	0	10,800
BAKER HUGHES INC	COM	057224107	20,877	383,000	SH		SOLE		383,000	0	0
BANK COMM HLDGS	COM	06424J103	166	15,000	SH		SOLE		15,000	0	0
BANK MUTUAL CORP	COM	063750103	146	16,000	SH		SOLE		16,000	0	0
BANK OF AMERICA CORPORATION	COM	060505104	34,940	1,440,229	SH		SOLE	1	1,333,615	0	106,614
BANK OF NEW YORK MELLON CORP	COM	064058100	1,789	35,066	SH		SOLE	1	4,500	0	30,566
BANK OF THE OZARKS	COM	063904106	1,804	38,500	SH		SOLE	1	29,500	0	9,000
BANKUNITED INC	COM	06652K103	236	7,000	SH		SOLE		7,000	0	0
BANNER CORPORATION	COM NEW	06652V208	311	5,500	SH		SOLE		5,500	0	0
BAY BANCORP INC	COM	07203T106	190	25,000	SH		SOLE		25,000	0	0
BECTON DICKINSON & CO	COM	075887109	5,888	30,178	SH		SOLE	1	22,000	0	8,178
BERKSHIRE HILLS BANCORP INC	COM	084680107	527	15,000	SH		SOLE		15,000	0	0
BGC PARTNERS INC	CL A	05541T101	171	13,500	SH		SOLE		13,500	0	0
BLACKBERRY LTD	COM	09228F103	190	19,000	SH		SOLE		19,000	0	0
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	11,622	348,500	SH		SOLE		348,500	0	0
BON-TON STORES INC	COM	09776J101	5	10,760	SH		SOLE	1	0	0	10,760
BOSTON PROPERTIES INC	COM	101121101	11,436	92,961	SH		SOLE	1	88,611	0	4,350
BP PLC	SPONSORED ADR	055622104	936	27,000	SH		SOLE		27,000	0	0
BROADCOM LTD	SHS	Y09827109	19,926	85,500	SH		SOLE	1	83,400	0	2,100
BROOKDALE SR LIVING INC	COM	112463104	2,207	150,000	SH		SOLE		150,000	0	0
BROOKLINE BANCORP INC DEL	COM	11373M107	175	12,000	SH		SOLE		12,000	0	0
BRYN MAWR BANK CORP	COM	117665109	531	12,500	SH		SOLE		12,500	0	0
BT GROUP PLC	ADR	05577E101	11,126	573,200	SH		SOLE		573,200	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	3,805	44,500	SH		SOLE		44,500	0	0
CANADIAN PACIFIC RAILWAY LTD	COM	13645T100	16,596	103,200	SH		SOLE		103,200	0	0
CAPITAL ONE FINL CORP	COM	14040H105	737	8,926	SH		SOLE	1	1,000	0	7,926
CARLISLE COS INC	COM	142339100	251	2,628	SH		SOLE	1	0	0	2,628
CARTER'S INC	COM	146229109	13,877	156,006	SH		SOLE		156,006	0	0
CATHAY GENERAL BANCORP	COM	149150104	2,954	77,850	SH		SOLE	1	34,000	0	43,850
CBL & ASSOC PPTYS INC	COM	124830100	5,329	632,191	SH		SOLE		632,191	0	0
CBS CORP NEW	CL B	124857202	1,403	22,000	SH		SOLE		22,000	0	0
CELGENE CORP	COM	151020104	1,104	8,500	SH		SOLE		8,500	0	0
CENTENE CORP	COM	15135B101	320	4,000	SH		SOLE		4,000	0	0
CENTERSTATE BANKS INC	COM	15201P109	447	18,000	SH		SOLE		18,000	0	0
CERNER CORP	COM	156782104	931	14,000	SH		SOLE		14,000	0	0
CHARLES RIV LABS INTL INC	COM	159864107	658	6,509	SH		SOLE		6,509	0	0
CHART INDUSTRIES INC	COM PAR $0.01	16115Q308	479	13,800	SH		SOLE		13,800	0	0
CHATHAM LODGING TR	COM	16208T102	597	29,696	SH		SOLE		29,696	0	0
CHEVRON CORP NEW	COM	166764100	10,129	97,086	SH		SOLE	1	92,300	0	4,786
CHINA UNICOM HONG KONG	SPONSORED ADR	16945R104	1,571	105,000	SH		SOLE		105,000	0	0
CINEMARK HOLDINGS INC	COM	17243V102	1,321	34,000	SH		SOLE		34,000	0	0
CINTAS CORP	COM	172908105	340	2,700	SH		SOLE	1	0	0	2,700
CISCO SYS INC	COM	17275R102	11,130	355,600	SH		SOLE		355,600	0	0
CITIGROUP INC	COM NEW	172967424	19,042	284,725	SH		SOLE		284,725	0	0
CITIZENS FINANCIAL GROUP	COM	174610105	19,267	540,000	SH		SOLE		540,000	0	0
CLOVIS ONCOLOGY INC	COM	189464100	281	3,000	SH		SOLE		3,000	0	0
CLUBCORP HOLDINGS INC	COM	18948M108	969	74,000	SH		SOLE		74,000	0	0
CME GROUP INC	COM	12572Q105	10,508	83,900	SH		SOLE	1	76,000	0	7,900
CMS ENERGY CORP	COM	125896100	11,493	248,500	SH		SOLE	1	237,900	0	10,600
COASTWAY BANCORP INC	COM	190632109	267	13,000	SH		SOLE		13,000	0	0
COLONY NORTHSTAR INC	CL A COM	19625W104	38,849	2,757,198	SH		SOLE	1	2,699,054	0	58,144
COMCAST CORP NEW	CL A	20030N101	15,265	392,222	SH		SOLE		392,222	0	0
COMERICA INC	COM	200340107	1,799	24,562	SH		SOLE	1	4,000	0	20,562
CONAGRA FOODS INC	COM	205887102	894	25,000	SH		SOLE		25,000	0	0
CONNECTONE BANCORP INC	COM	20786W107	383	17,000	SH		SOLE		17,000	0	0
CONSOLIDATED EDISON INC	COM	209115104	1,084	13,410	SH		SOLE	1	0	0	13,410
CONSTELLATION BRANDS INC	CL A	21036P108	1,046	5,400	SH		SOLE		5,400	0	0
CORECIVIC INC	COM	21871N101	822	29,800	SH		SOLE		29,800	0	0
CORESITE REALTY CORP	COM	21870Q105	6,902	66,671	SH		SOLE		66,671	0	0
COUSINS PPTYS INC	COM	222795106	326	37,087	SH		SOLE		37,087	0	0
CRACKER BARREL OLD COUNTRY	COM	22410J106	1,204	7,200	SH		SOLE		7,200	0	0
CROWN CASTLE INTL CORP	COM	22822V101	2,915	29,100	SH		SOLE		29,100	0	0
CSRA INC	COM	12650T104	11,414	359,510	SH		SOLE		359,510	0	0
CSX CORP	COM	126408103	1,091	20,000	SH		SOLE		20,000	0	0
CVS CAREMARK CORPORATION	COM	126650100	17,814	221,406	SH		SOLE	1	218,500	0	2,906
CYRUSONE INC	COM	23283R100	24,283	435,569	SH		SOLE	1	426,669	0	8,900
D R HORTON INC	COM	23331A109	11,630	336,426	SH		SOLE	1	310,000	0	26,426
DDR CORP	COM	23317H102	227	25,075	SH		SOLE	1	25,075	0	0
DELL TECHNOLOGIES INC	COM CL V	24703L103	4,819	78,856	SH		SOLE		78,856	0	0
DELPHI AUTOMOTIVE PLC	SHS	G27823106	18,108	206,600	SH		SOLE	1	193,000	0	13,600
DELTA AIR LINES INC	COM NEW	247361702	9,490	176,600	SH		SOLE		176,600	0	0
DELUXE CORP	COM	248019101	4,551	65,750	SH		SOLE	1	55,000	0	10,750
DESCARTES SYSTEMS GRP/THE	COM	249906108	389	15,970	SH		SOLE		15,970	0	0
DIGITAL REALTY TRUST INC	COM	253868103	12,549	111,100	SH		SOLE	1	99,500	0	11,600
DISCOVER FINL SVCS	COM	254709108	9,674	155,550	SH		SOLE		155,550	0	0
DISH NETWORK CORP.	CL A	25470M109	1,487	23,700	SH		SOLE		23,700	0	0
DOLLAR GENERAL CORP	COM	256677105	6,488	90,000	SH		SOLE		90,000	0	0
DOUGLAS EMMETT INC	COM	25960P109	2,197	57,509	SH		SOLE		57,509	0	0
DTE ENERGY COMPANY	COM	233331107	1,788	16,900	SH		SOLE		16,900	0	0
DU PONT E I DE NEMOURS & CO	COM	263534109	375	4,650	SH		SOLE	1	0	0	4,650
DUKE ENERGY CORP NEW	COM NEW	26441C204	305	3,653	SH		SOLE	1	0	0	3,653
DUKE REALTY CORP	COM NEW	264411505	732	26,196	SH		SOLE		26,196	0	0
DUPONT FABROS TECHNOLOGY INC	COM	26613Q106	2,119	34,652	SH		SOLE	1	26,852	0	7,800
DYCOM INDUSTRIES INC	COM	267475101	4,917	54,928	SH		SOLE	1	43,888	0	11,040
EAGLE PHARMACEUTICALS INC	COM	269796108	552	7,000	SH		SOLE		7,000	0	0
EAST WEST BANCORP INC	COM	27579R104	322	5,500	SH		SOLE		5,500	0	0
ECOLAB INC	COM	278865100	451	3,400	SH		SOLE	1	0	0	3,400
EDUCATION REALTY TRUST INC	COM NEW	28140H203	472	12,183	SH		SOLE		12,183	0	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	2,402	20,312	SH		SOLE		20,312	0	0
EMPIRE STATE REALTY TRUST IN	CL A	292104106	944	45,455	SH		SOLE		45,455	0	0
ENBRIDGE INC	COM	29250N105	13,364	335,696	SH		SOLE		335,696	0	0
ENBRIDGE INC	COM	29250N105	2,956	74,200	SH		SOLE		74,200	0	0
ENTERCOM COMMUNICATIONS	CL A	293639100	414	40,000	SH		SOLE		40,000	0	0
ENTERPRISE FINANCIAL SERVICE	COM	293712105	434	10,635	SH		SOLE		10,635	0	0
EOG RESOURCES INC	COM	26875P101	6,472	71,500	SH		SOLE		71,500	0	0
EPR PROPERTIES	COM SH BEN INT	26884U109	648	9,012	SH		SOLE		9,012	0	0
EQUINIX INC	COM PAR $0.001	29444U700	18,883	44,000	SH		SOLE		44,000	0	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	2,495	28,900	SH		SOLE		28,900	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	4,500	68,360	SH		SOLE		68,360	0	0
ESSENT GROUP LTD	COM	G3198U102	307	8,254	SH		SOLE		8,254	0	0
ESSEX PPTY TR INC	COM	297178105	5,960	23,165	SH		SOLE		23,165	0	0
EVERCORE PARTNERS INC	CLASS A	29977A105	8,601	122,000	SH		SOLE		122,000	0	0
EVERSOURCE ENERGY	COM	30040W108	225	3,700	SH		SOLE	1	0	0	3,700
EXPEDIA INC DEL	COM NEW	30212P303	313	2,100	SH		SOLE	1	0	0	2,100
EXPRESS SCRIPTS INC	COM	30219G108	4,974	77,906	SH		SOLE		51,584	0	26,322
EXTENDED STAY AMERICA INC	UNIT 99/99/9999B	30224P200	4,404	227,464	SH		SOLE		227,464	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	1,365	17,500	SH		SOLE		17,500	0	0
EXXON MOBIL CORP	COM	30231G102	2,495	30,911	SH		SOLE	1	15,000	0	15,911
FAIR ISAAC CORP	COM	303250104	977	7,010	SH		SOLE		7,010	0	0
FCB FINANCIAL HOLDINGS INC	CL A	30255G103	549	11,500	SH		SOLE		11,500	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	1,529	12,100	SH		SOLE		12,100	0	0
FEDEX CORP COM	COM	31428X106	26,710	122,900	SH		SOLE	1	111,400	0	11,500
FIDELITY NATIONAL FINANCIAL	FNF GROUP COM	31620R303	224	5,000	SH		SOLE		5,000	0	0
FIRST MERCHANTS CORP	COM	320817109	361	9,000	SH		SOLE		9,000	0	0
FIRSTENERGY CORP	COM	337932107	8,424	288,900	SH		SOLE	1	277,800	0	11,100
FISERV INC	COM	337738108	5,248	42,900	SH		SOLE	1	39,000	0	3,900
FIVE POINT HOLDINGS LLC	COM CL A	33833Q106	9,594	650,000	SH		SOLE		650,000	0	0
FLIR SYS INC	COM	302445101	2,551	73,600	SH		SOLE		73,600	0	0
FNB CORP PA	COM	302520101	312	22,000	SH		SOLE		22,000	0	0
FOREST CITY REALTY TRUST	COM CL A	345605109	242	10,000	SH		SOLE		10,000	0	0
FORTUNE BRANDS HOME & SECURI	COM	34964C106	7,633	117,000	SH		SOLE		117,000	0	0
FRANKLIN FINANCIAL NETWORK	COM	35352P104	392	9,500	SH		SOLE		9,500	0	0
GAIN CAPITAL HOLDINGS INC	COM	36268W100	155	24,800	SH		SOLE		24,800	0	0
GALLAGHER ARTHUR J & CO	COM	363576109	412	7,200	SH		SOLE	1	0	0	7,200
GARMIN LTD	SHS	H2906T109	551	10,800	SH		SOLE		10,800	0	0
GARRISON CAPITAL INC	COM	366554103	165	20,000	SH		SOLE		20,000	0	0
GATX CORP	COM	361448103	2,179	33,900	SH		SOLE	1	23,500	0	10,400
GENERAC HOLDINGS INC	COM	368736104	1,322	36,600	SH		SOLE	1	31,000	0	5,600
GENERAL DYNAMICS CORP	COM	369550108	3,764	19,000	SH		SOLE	1	10,000	0	9,000
GENERAL ELECTRIC CO	COM	369604103	1,005	37,216	SH		SOLE	1	26,000	0	11,216
GENESEE & WYOMING INC	CL A	371559105	2,688	39,300	SH		SOLE		39,300	0	0
GEO GROUP INC	COM	36162J106	7,945	268,700	SH		SOLE		268,700	0	0
GGP INC	COM	36174X101	9,330	396,000	SH		SOLE		396,000	0	0
GIBRALTAR INDUSTRIES INC	COM	374689107	461	12,924	SH		SOLE		12,924	0	0
GILEAD SCIENCES INC	COM	375558103	1,104	15,600	SH		SOLE	1	10,300	0	5,300
GLACIER BANCORP INC	COM	37637Q105	586	16,000	SH		SOLE	1	0	0	16,000
GREAT PLAINS ENERGY INC	COM	391164100	1,113	38,000	SH		SOLE		38,000	0	0
GREAT WESTERN BANCORP INC	COM	391416104	245	6,000	SH		SOLE		6,000	0	0
GREENLIGHT CAPITAL RE LTD	CLASS A	G4095J109	371	17,751	SH		SOLE		17,751	0	0
HANOVER INSURANCE GROUP INC	COM	410867105	266	3,000	SH		SOLE		3,000	0	0
HARRIS CORP DEL	COM	413875105	2,942	26,975	SH		SOLE	1	10,500	0	16,475
HARTFORD FINL SVCS GROUP INC	COM	416515104	1,419	27,000	SH		SOLE		27,000	0	0
HCP INC	COM	40414L109	540	16,887	SH		SOLE		16,887	0	0
HEALTH INSURANCE INNOVATIONS	COM CL A	42225K106	705	30,000	SH		SOLE		30,000	0	0
HELMERICH & PAYNE	COM	423452101	7,211	132,700	SH		SOLE		132,700	0	0
HENRY SCHEIN INC	COM	806407102	4,502	24,600	SH		SOLE	1	17,000	0	7,600
HERITAGE INSURANCE HOLDINGS	COM	42727J102	260	20,000	SH		SOLE		20,000	0	0
HEXCEL CORP NEW	COM	428291108	1,214	23,000	SH		SOLE		23,000	0	0
HILTON WORLDWIDE HOLDINGS IN	COM	43300A203	4,929	79,697	SH		SOLE		79,697	0	0
HOME DEPOT INC	COM	437076102	10,339	67,400	SH		SOLE	1	60,200	0	7,200
HOMESTREET INC	COM	43785V102	332	12,000	SH		SOLE		12,000	0	0
HOPFED BANCORP INC	COM	439734104	272	19,000	SH		SOLE		19,000	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	1,500	82,100	SH		SOLE	1	72,100	0	10,000
HOSTESS BRANDS INC	CL A	44109J106	462	28,685	SH		SOLE		28,685	0	0
HOVNANIAN ENTERPRISES INC	CL A	442487203	28	10,000	SH		SOLE	1	0	0	10,000
HOWARD HUGHES CORP	COM	44267D107	7,370	60,000	SH		SOLE		60,000	0	0
HUDSON PACIFIC PROPERTIES IN	COM	444097109	537	15,714	SH		SOLE		15,714	0	0
HUMANA INC	COM	444859102	2,551	10,600	SH		SOLE		10,600	0	0
IBERIABANK CORP	COM	450828108	367	4,500	SH		SOLE		4,500	0	0
ILLUMINA INC	COM	452327109	2,950	17,000	SH		SOLE		17,000	0	0
INC RESEARCH HOLDINGS INC	CL A	45329R109	485	8,284	SH		SOLE		8,284	0	0
INGERSOLL-RAND PLC	SHS	G47791101	1,371	15,000	SH		SOLE		15,000	0	0
INTEL CORP	COM	458140100	16,708	495,184	SH		SOLE	1	468,600	0	26,584
INTERCONTINENTALEXCHANGE INC	COM	45866F104	264	4,000	SH		SOLE		4,000	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	1,088	7,073	SH		SOLE	1	0	0	7,073
INTERXION HOLDING NV	SHS	N47279109	8,240	180,000	SH		SOLE		180,000	0	0
INTL FLAVORS & FRAGRANCES	COM	459506101	2,909	21,550	SH		SOLE	1	10,400	0	11,150
INTRA-CELLULAR THERAPIES INC	COM	46116X101	913	73,544	SH		SOLE	1	48,444	0	25,100
INTUITIVE SURGICAL INC	COM NEW	46120E602	6,501	6,950	SH		SOLE	1	5,500	0	1,450
INVITATION HOMES INC	COM	46187W107	416	19,230	SH		SOLE		19,230	0	0
IONIS PHARMACEUTICALS INC	COM	462222100	509	10,000	SH		SOLE		10,000	0	0
IPG PHOTONICS CORP	COM	44980X109	726	5,000	SH		SOLE		5,000	0	0
ISHARES	20 YR TR BD ETF	464287432	250	2,000	SH		SOLE		2,000	0	0
JACOBS ENGR GROUP INC DEL	COM	469814107	1,235	22,700	SH		SOLE	1	13,500	0	9,200
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	4,432	28,500	SH		SOLE	1	23,300	0	5,200
JOHNSON & JOHNSON	COM	478160104	17,730	134,022	SH		SOLE	1	35,530	0	98,492
JONES LANG LASALLE INC	COM	48020Q107	3,750	30,000	SH		SOLE		30,000	0	0
JPMORGAN	ALERIAN ML ETN	46625H365	1,158	39,000	SH		SOLE	1	0	0	39,000
JPMORGAN CHASE & CO	COM	46625H100	5,322	58,227	SH		SOLE	1	40,000	0	18,227
JUST ENERGY GROUP INC	COM	48213W101	55	10,500	SH		SOLE	1	0	0	10,500
KANSAS CITY SOUTHERN	COM NEW	485170302	1,402	13,400	SH		SOLE		13,400	0	0
KENNEDY-WILSON HLDGS INC	COM	489398107	482	25,285	SH		SOLE		25,285	0	0
KEYCORP NEW	COM	493267108	375	20,000	SH		SOLE		20,000	0	0
KILROY RLTY CORP	COM	49427F108	17,944	238,773	SH		SOLE		238,773	0	0
KIMCO REALTY CORP	COM	49446R109	918	50,000	SH		SOLE		50,000	0	0
KINDER MORGAN HOLDCO LLC	COM	49456B101	17,254	900,500	SH		SOLE		900,500	0	0
KITE PHARMA INC	COM	49803L109	1,451	14,000	SH		SOLE		14,000	0	0
KRAFT HEINZ CO/THE	COM	500754106	4,856	56,700	SH		SOLE	1	53,000	0	3,700
KROGER CO	COM	501044101	583	25,000	SH		SOLE		25,000	0	0
L-3 COMMUNICATIONS HLDGS INC	COM	502413107	1,253	7,500	SH		SOLE	1	6,000	0	1,500
LABORATORY CRP OF AMER HLDGS	COM NEW	50540R409	1,572	10,200	SH		SOLE	1	7,000	0	3,200
LCI INDUSTRIES	COM	50189K103	404	3,949	SH		SOLE		3,949	0	0
LEGGETT & PLATT INC	COM	524660107	1,340	25,510	SH		SOLE	1	2,000	0	23,510
LEIDOS HOLDINGS INC	COM	525327102	11,161	215,925	SH		SOLE	1	201,200	0	14,725
LENNAR CORP	CL A	526057104	28,729	538,800	SH		SOLE	1	516,700	0	22,100
LENNAR CORP	CL B	526057302	612	13,620	SH		SOLE		13,620	0	0
LGI HOMES INC	COM	50187T106	9,254	230,307	SH		SOLE	1	203,707	0	26,600
LIBERTY PROPERTY TRUST	SH BEN INT	531172104	762	18,708	SH		SOLE		18,708	0	0
LIFE STORAGE INC	COM	53223X107	1,051	14,183	SH		SOLE	1	5,300	0	8,883
LIGAND PHARMACEUTICALS INC	COM NEW	53220K504	399	3,284	SH		SOLE		3,284	0	0
LITHIA MOTORS INC	CL A	536797103	457	4,854	SH		SOLE		4,854	0	0
LIVE NATION ENTERTAINMENT IN	COM	538034109	236	6,777	SH		SOLE		6,777	0	0
LOCKHEED MARTIN CORP	COM	539830109	264	950	SH		SOLE	1	200	0	750
LOWES COS INC	COM	548661107	1,240	16,000	SH		SOLE		16,000	0	0
LUMENTUM HOLDINGS INC	COM	55024U109	229	4,006	SH		SOLE		4,006	0	0
M & T BK CORP	COM	55261F104	8,795	54,305	SH		SOLE	1	0	0	54,305
MACERICH CO	COM	554382101	1,796	30,928	SH		SOLE		30,928	0	0
MACK CALI RLTY CORP	COM	554489104	407	15,000	SH		SOLE		15,000	0	0
MACKINAC FINANCIAL CORP	COM	554571109	196	14,000	SH		SOLE		14,000	0	0
MAGAL SECURITY SYS LTD	ORD	M6786D104	310	63,070	SH		SOLE		63,070	0	0
MARATHON PETROLEUM CORP	COM	56585A102	4,448	85,000	SH		SOLE		85,000	0	0
MARRIOTT INTL INC NEW	CL A	571903202	722	7,200	SH		SOLE		7,200	0	0
MASTEC INC	COM	576323109	1,242	27,500	SH		SOLE		27,500	0	0
MATRIX SERVICE CO	COM	576853105	112	12,010	SH		SOLE		12,010	0	0
MATTEL INC	COM	577081102	215	10,000	SH		SOLE	1	0	0	10,000
MAXIMUS INC	COM	577933104	425	6,782	SH		SOLE		6,782	0	0
MCKESSON CORP	COM	58155Q103	16,059	97,600	SH		SOLE	1	87,900	0	9,700
MEDALLION FINANCIAL CORP	COM	583928106	128	53,704	SH		SOLE	1	39,804	0	13,900
MEDNAX INC	COM	58502B106	3,652	60,500	SH		SOLE	1	46,000	0	14,500
MEDTRONIC INC	SHS	G5960L103	13,694	154,300	SH		SOLE		154,300	0	0
MELCO RESORTS & ENTERT	ADR	585464100	10,574	471,000	SH		SOLE		471,000	0	0
MERCK & CO INC	COM	58933Y105	647	10,100	SH		SOLE	1	0	0	10,100
META FINANCIAL GROUP INC	COM	59100U108	496	5,575	SH		SOLE		5,575	0	0
METTLER-TOLEDO INTERNATIONAL	COM	592688105	294	500	SH		SOLE		500	0	0
MGM MIRAGE	COM	552953101	12,360	395,000	SH		SOLE		395,000	0	0
MICROSOFT CORP	COM	594918104	10,953	158,900	SH		SOLE	1	155,500	0	3,400
MIDDLEBY CORP	COM	596278101	826	6,800	SH		SOLE	1	5,000	0	1,800
MIDWESTONE FINANCIAL GROUP I	COM	598511103	203	6,000	SH		SOLE		6,000	0	0
MINERVA NEUROSCIENCES INC	COM	603380106	177	20,000	SH		SOLE		20,000	0	0
MOBILEYE NV	ORD SHS	N51488117	3,033	48,300	SH		SOLE	1	38,700	0	9,600
MOHAWK INDS INC	COM	608190104	2,030	8,400	SH		SOLE	1	6,000	0	2,400
MONDELEZ INTERN	CL A	609207105	15,052	348,500	SH		SOLE		348,500	0	0
MYOMO INC	COM	62857J102	163	15,000	SH		SOLE		15,000	0	0
NASDAQ INC.	COM	631103108	250	3,500	SH		SOLE		3,500	0	0
NATIONAL GRID PLC	SPONSORED ADR NE	636274409	2,637	41,983	SH		SOLE		41,983	0	0
NATIONAL RESEARCH CORP	CL B	637372301	503	10,595	SH		SOLE		10,595	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	277	12,000	SH		SOLE		12,000	0	0
NATUS MEDICAL INC	COM	639050103	332	8,899	SH		SOLE		8,899	0	0
NEWELL BRANDS INC	COM	651229106	15,766	294,033	SH		SOLE	1	271,977	0	22,056
NEWLINK GENETICS CORP	COM	651511107	215	29,200	SH		SOLE		29,200	0	0
NEWMARKET CORP	COM	651587107	368	800	SH		SOLE		800	0	0
NEWSTAR FINANCIAL INC	COM	65251F105	158	15,000	SH		SOLE		15,000	0	0
NEXSTAR MEDIA GR	CL A	65336K103	235	3,935	SH		SOLE		3,935	0	0
NEXTERA ENERGY INC	COM	65339F101	20,345	145,188	SH		SOLE	1	131,600	0	13,588
NIC INC	COM	62914B100	275	14,500	SH		SOLE		14,500	0	0
NMI HOLDINGS INC	CL A	629209305	252	22,000	SH		SOLE		22,000	0	0
NOMAD FOODS LTD	USD ORD SHS	G6564A105	3,441	243,875	SH		SOLE		243,875	0	0
NORFOLK SOUTHERN CORP	COM	655844108	12,182	100,100	SH		SOLE		100,100	0	0
NORTHROP GRUMMAN CORP	COM	666807102	1,131	4,407	SH		SOLE	1	200	0	4,207
NORTHSTAR REALTY EUROPE CORP	COM	66706L101	5,039	397,385	SH		SOLE		397,385	0	0
NOVARTIS A G	SPONSORED ADR	66987V109	14,432	172,900	SH		SOLE		172,900	0	0
NRG ENERGY INC	COM NEW	629377508	603	35,000	SH		SOLE		35,000	0	0
NRG YIELD INC	CL A NEW	62942X306	10,741	629,600	SH		SOLE		629,600	0	0
NRG YIELD INC	CL C	62942X405	7,163	407,000	SH		SOLE		407,000	0	0
NUCOR CORP	COM	670346105	764	13,200	SH		SOLE		13,200	0	0
NVR INC	COM	62944T105	2,266	940	SH		SOLE		940	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	219	1,000	SH		SOLE	1	0	0	1,000
OAKTREE CAPITAL GROUP LLC	UNIT CL A	674001201	1,165	25,000	SH		SOLE		25,000	0	0
OCEANFIRST FINL CORP	COM	675234108	447	16,500	SH		SOLE		16,500	0	0
OM ASSET MANAGEMENT LTD	SHS	G67506108	1,739	117,000	SH		SOLE		117,000	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	839	25,413	SH		SOLE		25,413	0	0
ON DECK CAPITAL INC	COM	682163100	163	35,010	SH		SOLE		35,010	0	0
OPUS BANK	COM	684000102	278	11,500	SH		SOLE		11,500	0	0
ORACLE CORP	COM	68389X105	1,604	32,000	SH		SOLE		32,000	0	0
PACIFIC MERCANTILE BANCORP	COM	694552100	113	12,800	SH		SOLE		12,800	0	0
PARAMOUNT GROUP INC	COM	69924R108	570	35,608	SH		SOLE		35,608	0	0
PARK HOTELS & RESORTS INC-WI	COM	700517105	12,805	474,953	SH		SOLE		474,953	0	0
PATRICK INDUSTRIES INC	COM	703343103	510	7,000	SH		SOLE		7,000	0	0
PATTERN ENERGY GROUP INC	CL A	70338P100	13,260	556,200	SH		SOLE	1	546,800	0	9,400
PEBBLEBROOK HOTEL TR	COM	70509V100	493	15,300	SH		SOLE		15,300	0	0
PEPSICO INC	COM	713448108	1,501	13,000	SH		SOLE		13,000	0	0
PFIZER INC	COM	717081103	11,236	334,513	SH		SOLE	1	312,300	0	22,213
PG&E CORP	COM	69331C108	285	4,300	SH		SOLE	1	0	0	4,300
PGT INC	COM	69336V101	192	15,000	SH		SOLE		15,000	0	0
PHILLIPS 66	COM	718546104	1,034	12,500	SH		SOLE		12,500	0	0
PINNACLE FOODS INC	COM	72348P104	475	8,000	SH		SOLE		8,000	0	0
PINNACLE WEST CAP CORP	COM	723484101	613	7,200	SH		SOLE		7,200	0	0
PLUG POWER INC	COM NEW	72919P202	41	20,000	SH		SOLE		20,000	0	0
PNC FINL SVCS GROUP INC	COM	693475105	17,307	138,600	SH		SOLE		138,600	0	0
PORTLAND GENERAL ELECTRIC CO	COM NEW	736508847	304	6,655	SH		SOLE		6,655	0	0
PPG INDS INC	COM	693506107	2,397	21,800	SH		SOLE	1	12,000	0	9,800
PREFERRED BANK/LOS ANGELES	COM NEW	740367404	374	7,000	SH		SOLE		7,000	0	0
PRICELINE GROUP INC	COM NEW	741503403	449	240	SH		SOLE	1	0	0	240
PROCTER & GAMBLE CO	COM	742718109	2,504	28,736	SH		SOLE	1	11,000	0	17,736
PROLOGIS INC	COM	74340W103	5,295	90,292	SH		SOLE		90,292	0	0
PUBLIC STORAGE	COM	74460D109	4,977	23,865	SH		SOLE		23,865	0	0
PULTE GROUP INC	COM	745867101	1,858	75,758	SH		SOLE		75,758	0	0
PVH CORP	COM	693656100	230	2,010	SH		SOLE		2,010	0	0
QTS REALTY TRUST INC	COM CL A	74736A103	5,756	110,000	SH		SOLE		110,000	0	0
RADIAN GROUP INC	COM	750236101	188	11,510	SH		SOLE		11,510	0	0
RADNET INC	COM	750491102	78	10,000	SH		SOLE	1	0	0	10,000
RANDGOLD RESOURCES LTD	ADR	752344309	9,067	102,500	SH		SOLE		102,500	0	0
RAYTHEON CO	COM NEW	755111507	16,312	101,013	SH		SOLE	1	94,900	0	6,113
REGENCY CTRS CORP	COM	758849103	626	10,000	SH		SOLE		10,000	0	0
REGENERON PHARMACEUTICALS	COM	75886F107	491	1,000	SH		SOLE	1	0	0	1,000
REGIONS FINANCIAL CORP NEW	COM	7591EP100	11,361	776,000	SH		SOLE		776,000	0	0
ROSS STORES INC	COM	778296103	2,887	50,000	SH		SOLE		50,000	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	659	27,344	SH		SOLE		27,344	0	0
SCHLUMBERGER LTD	COM	806857108	1,435	21,800	SH		SOLE		21,800	0	0
SCHWAB CHARLES CORP NEW	COM	808513105	344	8,000	SH		SOLE		8,000	0	0
SCIENCE APPLICATIONS INTE	COM	808625107	209	3,010	SH		SOLE		3,010	0	0
SCOTTS MIRACLE GRO CO	CL A	810186106	671	7,500	SH		SOLE		7,500	0	0
SEACOAST BANKING CORP/FL	COM NEW	811707801	337	14,000	SH		SOLE		14,000	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	271	11,000	SH		SOLE		11,000	0	0
SEMGROUP CORP	CL A	81663A105	3,100	114,800	SH		SOLE		114,800	0	0
SEMPRA ENERGY	COM	816851109	1,703	15,100	SH		SOLE		15,100	0	0
SHIRE PLC	SPONSORED ADR	82481R106	13,503	81,700	SH		SOLE		81,700	0	0
SHORE BANCSHARES INC	COM	825107105	222	13,500	SH		SOLE		13,500	0	0
SI FINANCIAL GROUP INC	COM	78425V104	209	13,000	SH		SOLE		13,000	0	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	1,148	8,000	SH		SOLE		8,000	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	21,412	132,367	SH		SOLE	1	128,537	0	3,830
SL GREEN RLTY CORP	COM	78440X101	5,403	51,071	SH		SOLE		51,071	0	0
SMUCKER J M CO	COM NEW	832696405	947	8,000	SH		SOLE		8,000	0	0
SNAP ON INC	COM	833034101	19,189	121,450	SH		SOLE	1	106,200	0	15,250
SOLAREDGE TECHNOLOGIES INC	COM	83417M104	946	47,300	SH		SOLE	1	27,000	0	20,300
SOUTHERN CO	COM	842587107	306	6,400	SH		SOLE	1	0	0	6,400
SOUTHERN NATL BANCORP OF VA IN	COM	843395104	246	14,000	SH		SOLE		14,000	0	0
SPDR SERIES TRUST	S&P BIOTECH	78464A870	7,510	97,300	SH		SOLE		97,300	0	0
SS&C INC TECHNOLOGIES HOLDINGS	COM	78467J100	455	11,841	SH		SOLE		11,841	0	0
STAG INDUSTRIAL INC	COM	85254J102	898	32,537	SH		SOLE		32,537	0	0
STARBUCKS CORP	COM	855244109	1,085	18,600	SH		SOLE		18,600	0	0
STARWOOD PPTY TR INC	COM	85571B105	18,934	845,644	SH		SOLE	1	810,444	0	35,200
STARWOOD WAYPOINT HOMES	COM	19625X102	6,570	191,500	SH		SOLE		191,500	0	0
STATE STR CORP	COM	857477103	511	5,700	SH		SOLE	1	0	0	5,700
STERLING BANCORP	COM	85917A100	349	15,000	SH		SOLE		15,000	0	0
STONEGATE BANK	COM	861811107	346	7,500	SH		SOLE		7,500	0	0
STRYKER CORP	COM	863667101	430	3,100	SH		SOLE	1	0	0	3,100
SUMMIT MATERIALS INC	CL A	86614U100	254	8,800	SH		SOLE		8,800	0	0
SVB FINANCIAL GROUP	COM	78486Q101	1,213	6,900	SH		SOLE		6,900	0	0
SYMANTEC CORP	COM	871503108	1,158	41,000	SH		SOLE		41,000	0	0
SYNAPTICS INC	COM	87157D109	259	5,000	SH		SOLE		5,000	0	0
SYNCHRONY FINANCIAL	COM	87165B103	9,557	320,500	SH		SOLE		320,500	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADR	874039100	881	25,200	SH		SOLE	1	1,000	0	24,200
TAUBMAN CTRS INC	COM	876664103	1,138	19,106	SH		SOLE		19,106	0	0
TAYLOR MORRISON HOME CORP	CL A	87724P106	4,803	200,026	SH		SOLE		200,026	0	0
TE CONNECTIVITY LTD	REG SHS	H84989104	17,110	217,463	SH		SOLE		217,463	0	0
TECHNOLOGY SELECT SECT SPDR	TECHNOLOGY	81369Y803	1,477	27,000	SH		SOLE		27,000	0	0
TELEFLEX INC	COM	879369106	2,223	10,700	SH		SOLE		7,500	0	3,200
TERRAFORM POWER INC	CL A COM	88104R100	14,347	1,195,600	SH		SOLE	1	1,195,600	0	0
TERRENO RLTY CORP	COM	88146M101	1,719	51,058	SH		SOLE		51,058	0	0
TEVA PHARMACEUTICAL INDS LTD	SPONSORED ADR	881624209	2,383	71,734	SH		SOLE	1	60,000	0	11,734
TEXAS INSTRUMENTS INC	COM	882508104	1,831	23,800	SH		SOLE	1	18,500	0	5,300
THERAPEUTICSMD INC	COM	88338N107	63	12,000	SH		SOLE		12,000	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	15,048	86,250	SH		SOLE	1	82,200	0	4,050
TIFFANY & CO NEW	COM	886547108	761	8,110	SH		SOLE		2,000	0	6,110
TIPTREE FINANCIAL INC	CL A	88822Q103	106	15,000	SH		SOLE		15,000	0	0
TJX COS INC NEW	COM	872540109	8,300	115,000	SH		SOLE		115,000	0	0
T-MOBILE US INC	COM	872590104	2,334	38,500	SH		SOLE		38,500	0	0
TOLL BROTHERS INC	COM	889478103	6,634	167,900	SH		SOLE	1	160,000	0	7,900
TORTOISE PIPELINE & ENERGY F	COM	89148H108	700	36,000	SH		SOLE	1	0	0	36,000
TRAVELCENTERS OF AMERICA LLC	COM	894174101	984	240,000	SH		SOLE		240,000	0	0
TRINITY INDUSTRIES INC	COM	896522109	415	14,800	SH		SOLE	1	0	0	14,800
TWENTY-FIRST CENTURY FOX INC	CL A	90130A101	11,875	419,002	SH		SOLE		419,002	0	0
TWO HBRS INVT CORP	COM	90187B101	11,862	1,196,931	SH		SOLE		1,196,931	0	0
UDR INC	COM	902653104	1,438	36,900	SH		SOLE		36,900	0	0
ULTA SALON COSMETICS & FRAGR	COM	90384S303	1,797	6,252	SH		SOLE		6,252	0	0
ULTRA CLEAN HOLDINGS INC	COM	90385V107	263	14,000	SH		SOLE		14,000	0	0
UNION PAC CORP	COM	907818108	5,838	53,600	SH		SOLE	1	17,300	0	36,300
UNITED CMNTY BKS BLAIRSVLE GA CAP STK	COM	90984P303	361	13,000	SH		SOLE		13,000	0	0
UNITED COMMUNITY FINANCIAL	COM	909839102	490	59,000	SH		SOLE		59,000	0	0
UNITED RENTALS INC	COM	911363109	1,375	12,200	SH		SOLE	1	4,000	0	8,200
UNITEDHEALTH GROUP INC	COM	91324P102	9,642	52,000	SH		SOLE		52,000	0	0
UNIVERSAL HEALTH SERVICES	CL B	913903100	17,750	145,400	SH		SOLE	1	136,700	0	8,700
UNIVEST CORP OF PENNSYLVANIA	COM	915271100	539	18,000	SH		SOLE		18,000	0	0
URBAN EDGE PROPERTIES	COM	91704F104	638	26,872	SH		SOLE		26,872	0	0
US CONCRETE INC	COM NEW	90333L201	332	4,220	SH		SOLE		4,220	0	0
V F CORP	COM	918204108	1,682	29,200	SH		SOLE	1	20,000	0	9,200
VALLEY NATL BANCORP	COM	919794107	240	20,294	SH		SOLE		20,294	0	0
VANGUARD	HEALTH CAR ETF	92204A504	1,474	10,000	SH		SOLE		10,000	0	0
VENTAS INC	COM	92276F100	5,163	74,312	SH		SOLE	1	55,712	0	18,600
VERASTEM INC	COM	92337C104	109	50,040	SH		SOLE		50,040	0	0
VEREIT INC	COM	92339V100	2,782	341,800	SH		SOLE	1	330,000	0	11,800
VERIZON COMMUNICATIONS INC	COM	92343V104	1,188	26,597	SH		SOLE	1	20,000	0	6,597
VORNADO RLTY TR	SH BEN INT	929042109	5,130	54,630	SH		SOLE	1	46,117	0	8,513
VULCAN MATLS CO	COM	929160109	1,596	12,600	SH		SOLE		12,600	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	2,764	35,300	SH		SOLE	1	29,000	0	6,300
WASHINGTON PRIME GROUP INC	COM	93964W108	2,104	251,336	SH		SOLE		251,336	0	0
WASHINGTON TRUST BANCORP	COM	940610108	522	10,120	SH		SOLE	1	0	0	10,120
WASTE CONNECTIONS INC	COM	94106B101	1,121	17,400	SH		SOLE		17,400	0	0
WEBSTER FINL CORP CONN	COM	947890109	209	4,000	SH		SOLE		4,000	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	455	15,130	SH		SOLE		15,130	0	0
WELLS FARGO & CO NEW	COM	949746101	62,145	1,121,539	SH		SOLE	1	216,919	0	904,620
WELLTOWER INC	COM	95040Q104	1,857	24,803	SH		SOLE		24,803	0	0
WESTERN ALLIANCE BANCORP	COM	957638109	271	5,500	SH		SOLE		5,500	0	0
WESTERN DIGITAL CORP	COM	958102105	7,354	83,000	SH		SOLE		83,000	0	0
WEYERHAEUSER CO	COM	962166104	442	13,200	SH		SOLE		13,200	0	0
WHIRLPOOL CORP	COM	963320106	16,326	85,200	SH		SOLE	1	78,600	0	6,600
WILLIAM LYON HOMES	CL A NEW	552074700	13,320	551,771	SH		SOLE		551,771	0	0
WILLIAMS COS INC	COM	969457100	2,768	91,400	SH		SOLE		91,400	0	0
WILLIAMS-SONOMA INC	COM	969904101	708	14,600	SH		SOLE	1	7,000	0	7,600
WISCONSIN ENERGY CORP	COM	92939U106	491	8,000	SH		SOLE		8,000	0	0
WISDOMTREE INVESTMENTS INC	COM	97717P104	1,068	105,000	SH		SOLE		105,000	0	0
ZEBRA TECHNOLOGIES CORP	CL A	989207105	2,211	22,000	SH		SOLE		22,000	0	0
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	15,318	119,300	SH		SOLE	1	108,500	0	10,800
ZIONS BANCORPORATION	COM	989701107	220	5,000	SH		SOLE		5,000	0	0
ZOETIS INC	CL A	98978V103	433	6,935	SH		SOLE	1	0	0	6,935
ZYNGA INC	CL A	98986T108	84	23,000	SH		SOLE		23,000	0	0