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
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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	659	3,000	SH		SOLE	1	0	0	3,000
ABBOTT LABS	COM	002824100	757	12,633	SH		SOLE	1	0	0	12,633
ABBVIE INC	COM	00287Y109	3,292	34,783	SH		SOLE	1	23,000	0	11,783
ABIOMED INC	COM	003654100	291	1,000	SH		SOLE	1	0	0	1,000
ACADIA PHARMACEUTICALS INC	COM	004225108	584	26,000	SH		SOLE	1	25,000	0	1,000
ACUITY BRANDS INC	COM	00508Y102	1,253	9,000	SH		SOLE	1	5,000	0	4,000
AETNA INC	COM	00817Y108	10,478	62,000	SH		SOLE		62,000	0	0
AIR PRODS & CHEMS INC	COM	009158106	1,320	8,300	SH		SOLE	1	8,000	0	300
ALBEMARLE CORP	COM	012653101	3,601	38,825	SH		SOLE	1	20,000	0	18,825
ALERIAN MLP ETF	ALERIAN MLP	00162Q866	1,406	150,000	SH		SOLE		150,000	0	0
ALEXANDER & BALDWIN INC	COM	014491104	779	33,651	SH		SOLE		33,651	0	0
ALEXANDERS INC	COM	014752109	5,365	14,073	SH		SOLE	1	7,900	0	6,173
ALEXANDRIA REAL ESTATE EQ INC	COM	015271109	6,510	52,128	SH		SOLE	1	47,028	0	5,100
ALLEGIANCE BANCSHARES INC	COM	01748H107	215	5,500	SH		SOLE		5,500	0	0
ALLERGAN PLC	SHS	G0177J108	11,410	67,800	SH		SOLE	1	66,300	0	1,500
ALPHABET INC	CAP STK CL A	02079K305	12,067	11,635	SH		SOLE	1	10,100	0	1,535
ALPHABET INC	CAP STK CL C	02079K107	23,989	23,250	SH		SOLE	1	21,724	0	1,526
ALPINE GLOBAL PREMIER PROPERTIES FUND	COM SBI	02083A103	6,386	1,023,368	SH		SOLE	1	8	0	1,023,360
ALPINE IMMUNE SCIENCES INC	COM	02083G100	80	10,000	SH		SOLE		10,000	0	0
ALPINE TOTAL DYNAMIC DIVID FD	COM SH BEN INT N	021060207	4,331	484,484	SH		SOLE	1	525	0	483,959
AMERCO	COM	023586100	3,762	10,900	SH		SOLE	1	8,800	0	2,100
AMERICA MOVIL SAB DE CV	SPON ADR L SHS	02364W105	139	7,288	SH		SOLE	1	0	0	7,288
AMERICAN ASSETS TRUST INC	COM	024013104	739	22,114	SH		SOLE		22,114	0	0
AMERICAN CAMPUS COMMUNITIES	COM	024835100	1,049	27,170	SH		SOLE	1	15,000	0	12,170
AMERICAN ELEC PWR INC	COM	025537101	1,660	24,200	SH		SOLE	1	18,000	0	6,200
AMERICAN INTL GROUP INC	COM NEW	026874784	14,271	262,238	SH		SOLE		262,238	0	0
AMERICAN TOWER CORP	COM	03027X100	15,261	105,000	SH		SOLE	1	104,500	0	500
AMERIPRISE FINL INC	COM	03076C106	311	2,100	SH		SOLE	1	0	0	2,100
AMERISERV FINANCIAL INC	COM	03074A102	60	15,000	SH		SOLE		15,000	0	0
AMGEN INC	COM	031162100	3,708	21,750	SH		SOLE	1	15,000	0	6,750
ANDEAVOR	COM	03349M105	19,016	189,100	SH		SOLE		189,100	0	0
ANSYS INC	COM	03662Q105	1,442	9,200	SH		SOLE	1	8,600	0	600
ANTHEM INC	COM	036752103	8,096	36,850	SH		SOLE	1	34,000	0	2,850
APOGEE ENTERPRISES INC	COM	037598109	622	14,350	SH		SOLE	1	0	0	14,350
APPLE INC	COM	037833100	45,084	268,710	SH		SOLE	1	265,800	0	2,910
APPLIED MATLS INC	COM	038222105	16,527	297,200	SH		SOLE		297,200	0	0
APPLIED OPTOELECTRONICS INC	COM	03823U102	781	31,170	SH		SOLE	1	30,000	0	1,170
APTARGROUP INC	COM	038336103	270	3,004	SH		SOLE		3,004	0	0
APTIV PLC	SHS	G6095L109	16,246	191,200	SH		SOLE	1	177,600	0	13,600
ARBOR REALTY TRUST INC	COM	038923108	1,764	200,000	SH		SOLE		200,000	0	0
ARCELORMITTAL SA LUXEMBOURG	NY REGISTRY SH	03938L203	15,330	481,900	SH		SOLE		481,900	0	0
ARES CAPITAL CORP	COM	04010L103	13,329	839,900	SH		SOLE	1	839,300	0	600
ARES MANAGEMENT LP	COM SHS REG INT	04014Y101	214	10,000	SH		SOLE		10,000	0	0
AT&T INC	COM	00206R102	2,931	82,209	SH		SOLE	1	70,000	0	12,209
ATLANTICA YIELD PLC	SHS	G0751N103	4,660	238,000	SH		SOLE		238,000	0	0
ATLAS AIR WORLDWIDE HLDGS INC	COM NEW	049164205	1,953	32,300	SH		SOLE	1	22,000	0	10,300
AVALONBAY CMNTYS INC	COM	053484101	4,214	25,625	SH		SOLE		25,625	0	0
AVERY DENNISON CORP	COM	053611109	2,529	23,800	SH		SOLE	1	13,000	0	10,800
BANK COMM HLDGS	COM	06424J103	117	10,000	SH		SOLE		10,000	0	0
BANK OF AMERICA CORPORATION	COM	060505104	35,401	1,180,425	SH		SOLE	1	1,071,868	0	108,557
BANK OF MARIN BANCORP/CA	COM	063425102	276	4,000	SH		SOLE		4,000	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	1,364	26,466	SH		SOLE	1	0	0	26,466
BANK OF THE OZARKS	COM	063904106	1,960	40,600	SH		SOLE	1	25,000	0	15,600
Banner Corporataion	COM NEW	06652V208	277	5,000	SH		SOLE		5,000	0	0
BAR HARBOR BANKSHARES	COM	066849100	222	8,000	SH		SOLE		8,000	0	0
BECTON DICKINSON & CO	COM	075887109	6,540	30,178	SH		SOLE	1	22,000	0	8,178
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	598	2	SH		SOLE	1	0	0	2
BERKSHIRE HILLS BANCORP INC	COM	084680107	323	8,500	SH		SOLE	1	7,500	0	1,000
BLACK HILLS CORP	COM	092113109	624	11,500	SH		SOLE		11,500	0	0
BLACKBERRY LTD	COM	09228F103	173	15,000	SH		SOLE		15,000	0	0
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	11,071	346,500	SH		SOLE		346,500	0	0
BOEING CO	COM	097023105	1,971	6,010	SH		SOLE		6,010	0	0
BOOKING HOLDINGS INC	COM	09857L108	499	240	SH		SOLE	1	0	0	240
BOSTON PROPERTIES INC	COM	101121101	11,455	92,961	SH		SOLE	1	88,611	0	4,350
BP PLC	SPONSORED ADR	055622104	15,446	381,000	SH		SOLE		381,000	0	0
BRIDGE BANCORP INC	COM	108035106	272	8,113	SH		SOLE		8,113	0	0
BRIGHTSPHERE INVESTMENT GROU	SHS	G1644T109	1,560	99,000	SH		SOLE		99,000	0	0
BROADCOM INC	SHS	11135F101	15,671	66,500	SH		SOLE	1	64,500	0	2,000
BT GROUP PLC	ADR	05577E101	646	40,000	SH		SOLE		40,000	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	3,874	46,025	SH		SOLE		46,025	0	0
CAMPING WORLD HOLDINGS INC	CL A	13462K109	387	12,000	SH		SOLE		12,000	0	0
CANADIAN PACIFIC RAILWAY LTD	COM	13645T100	17,721	100,400	SH		SOLE		100,400	0	0
CAPITAL ONE FINL CORP	COM	14040H105	855	8,926	SH		SOLE	1	0	0	8,926
CARLISLE COS INC	COM	142339100	274	2,628	SH		SOLE	1	0	0	2,628
CARTER'S INC	COM	146229109	9,837	94,500	SH		SOLE		94,500	0	0
CATHAY GENERAL BANCORP	COM	149150104	2,661	66,565	SH		SOLE	1	33,000	0	33,565
CBL & ASSOC PPTYS INC	COM	124830100	1,508	361,691	SH		SOLE		361,691	0	0
CBS CORP NEW	CL B	124857202	1,799	35,000	SH		SOLE		35,000	0	0
CELGENE CORP	COM	151020104	758	8,500	SH		SOLE		8,500	0	0
CENTENE CORP	COM	15135B101	961	9,000	SH		SOLE		9,000	0	0
CENTERSTATE BANKS CORP	COM	15201P109	265	10,000	SH		SOLE		10,000	0	0
CENTURY COMMUNITIES INC	COM	156504300	10,634	355,066	SH		SOLE	1	354,066	0	1,000
CERNER CORP	COM	156782104	789	13,600	SH		SOLE	1	12,000	0	1,600
CHARLES RIV LABS INTL INC	COM	159864107	694	6,500	SH		SOLE	1	5,000	0	1,500
CHART INDUSTRIES INC	COM PAR $0.01	16115Q308	224	3,800	SH		SOLE	1	0	0	3,800
CHATHAM LODGING TR	COM	16208T102	569	29,696	SH		SOLE		29,696	0	0
CHEVRON CORP NEW	COM	166764100	523	4,586	SH		SOLE	1	0	0	4,586
CHILDREN'S PLACE INC/THE	COM	168905107	1,677	12,400	SH		SOLE	1	12,000	0	400
CHINA UNICOM HONG KONG	SPONSORED ADR	16945R104	1,283	100,000	SH		SOLE		100,000	0	0
CINEMARK HOLDINGS INC	COM	17243V102	1,281	34,000	SH		SOLE		34,000	0	0
CINTAS CORP	COM	172908105	461	2,700	SH		SOLE	1	0	0	2,700
CISCO SYS INC	COM	17275R102	15,466	360,600	SH		SOLE		360,600	0	0
CITIGROUP INC	COM NEW	172967424	15,959	236,425	SH		SOLE		236,425	0	0
CITIZENS FINANCIAL GROUP	COM	174610105	16,431	391,400	SH		SOLE		391,400	0	0
CME GROUP INC	COM CL A	12572Q105	13,521	83,600	SH		SOLE	1	76,000	0	7,600
CMS ENERGY CORP	COM	125896100	11,255	248,500	SH		SOLE	1	236,900	0	11,600
COHERENT INC	COM	192479103	1,406	7,500	SH		SOLE	1	7,000	0	500
Colony Northstar Inc	CL A COM	19625W104	11,634	2,070,148	SH		SOLE	1	2,016,454	0	53,694
COMCAST CORP NEW	CL A	20030N101	16,054	469,822	SH		SOLE	1	468,500	0	1,322
COMERICA INC	COM	200340107	1,512	15,762	SH		SOLE	1	0	0	15,762
CONAGRA FOODS INC	COM	205887102	1,106	30,000	SH		SOLE		30,000	0	0
CONSOLIDATED EDISON INC	COM	209115104	1,045	13,410	SH		SOLE	1	0	0	13,410
CONSTELLATION BRANDS INC	CL A	21036P108	570	2,500	SH		SOLE		2,500	0	0
CoreCivic Inc	COM	21871N101	8,763	448,926	SH		SOLE		448,926	0	0
CORESITE REALTY CORP	COM	21870Q105	6,343	63,269	SH		SOLE	1	62,769	0	500
CORNING INC	COM	219350105	870	31,200	SH		SOLE	1	15,000	0	16,200
CORP AMERICA AIRPORTS SA	COM	L1995B107	703	56,976	SH		SOLE		56,976	0	0
COUSINS PPTYS INC	COM	222795106	322	37,087	SH		SOLE		37,087	0	0
CRACKER BARREL OLD COUNTRY	COM	22410J106	1,146	7,200	SH		SOLE	1	7,000	0	200
CROWN CASTLE INTL CORP	COM	22822V101	3,003	27,400	SH		SOLE		27,400	0	0
CSRA INC	COM	12650T104	515	12,500	SH		SOLE		12,500	0	0
CSX CORP	COM	126408103	1,114	20,000	SH		SOLE		20,000	0	0
CVS CAREMARK CORPORATION	COM	126650100	13,786	221,606	SH		SOLE	1	217,900	0	3,706
CYRUSONE INC	COM	23283R100	22,152	432,569	SH		SOLE	1	428,669	0	3,900
D R HORTON INC	COM	23331A109	3,614	82,426	SH		SOLE	1	55,000	0	27,426
DELPHI TECHNOLOGIES PLC	SHS	G2709G107	533	11,184	SH		SOLE	1	6,666	0	4,518
DELTA AIR LINES INC	COM NEW	247361702	20,296	370,300	SH		SOLE		370,300	0	0
DELUXE CORP	COM	248019101	2,798	37,800	SH		SOLE	1	33,700	0	4,100
DIGITAL REALTY TRUST INC	COM	253868103	12,366	117,349	SH		SOLE	1	102,499	0	14,850
DISCOVER FINL SVCS	COM	254709108	15,112	210,100	SH		SOLE	1	209,700	0	400
DISH NETWORK CORP.	CL A	25470M109	1,182	31,200	SH		SOLE		31,200	0	0
DOLLAR GENERAL CORP	COM	256677105	12,199	130,400	SH		SOLE		130,400	0	0
DOUGLAS EMMETT INC	COM	25960P109	2,114	57,509	SH		SOLE		57,509	0	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	14,277	120,600	SH		SOLE		120,600	0	0
DTE ENERGY COMPANY	COM	233331107	1,764	16,900	SH		SOLE		16,900	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	283	3,653	SH		SOLE	1	0	0	3,653
DUKE REALTY CORP	COM NEW	264411505	694	26,196	SH		SOLE		26,196	0	0
DYCOM INDUSTRIES INC	COM	267475101	4,805	44,640	SH		SOLE	1	33,100	0	11,540
EAGLE MATERIALS INC	COM	26969P108	543	5,270	SH		SOLE	1	0	0	5,270
ECOLAB INC	COM	278865100	466	3,400	SH		SOLE	1	0	0	3,400
EDWARDS LIFESCIENCES CORP	COM	28176E108	2,834	20,312	SH		SOLE	1	20,000	0	312
EMPIRE STATE REALTY TRUST IN	CL A	292104106	763	45,455	SH		SOLE		45,455	0	0
ENBRIDGE INC	COM	29250N105	10,275	326,500	SH		SOLE		326,500	0	0
ENBRIDGE INC	CL A	29250N105	2,607	82,900	SH		SOLE		82,900	0	0
ENTERCOM COMMUNICATIONS	CL A	293639100	1,013	105,000	SH		SOLE		105,000	0	0
EOG RESOURCES INC	COM	26875P101	7,527	71,500	SH		SOLE		71,500	0	0
EPR PROPERTIES	COM SH BEN INT	26884U109	416	7,512	SH		SOLE		7,512	0	0
EQUINIX INC	COM PAR $0.001	29444U700	17,478	41,800	SH		SOLE		41,800	0	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	2,537	28,900	SH		SOLE		28,900	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	3,966	64,360	SH		SOLE		64,360	0	0
ESSEX PPTY TR INC	COM	297178105	5,575	23,165	SH		SOLE		23,165	0	0
EVERCORE INC	CLASS A	29977A105	10,665	122,300	SH		SOLE		122,300	0	0
EVERSOURCE ENERGY	COM	30040W108	218	3,700	SH		SOLE	1	0	0	3,700
EXPEDIA INC DEL	COM NEW	30212P303	232	2,100	SH		SOLE	1	0	0	2,100
EXPRESS SCRIPTS INC	COM	30219G108	5,362	77,625	SH		SOLE	1	51,584	0	26,041
EXTENDED STAY AMERICA INC	UNIT 99/99/9999B	30224P200	8,593	434,639	SH		SOLE		434,639	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	1,485	17,000	SH		SOLE		17,000	0	0
EXXON MOBIL CORP	COM	30231G102	2,306	30,911	SH		SOLE	1	15,000	0	15,911
FAIR ISAAC CORP	COM	303250104	677	4,000	SH		SOLE		4,000	0	0
FARMERS CAPITAL BANK CORP	COM	309562106	300	7,500	SH		SOLE		7,500	0	0
FCB FINANCIAL HOLDINGS INC	CL A	30255G103	281	5,500	SH		SOLE		5,500	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	1,405	12,100	SH		SOLE		12,100	0	0
FEDEX CORP	COM	31428X106	26,916	112,100	SH		SOLE	1	100,600	0	11,500
FIBRIA CELULOSE SA	SP ADR REP COM	31573A109	7,568	388,100	SH		SOLE		388,100	0	0
FIRST OF LONG ISLAND CORP	COM	320734106	233	8,500	SH		SOLE		8,500	0	0
FIRSTENERGY CORP	COM	337932107	9,621	282,900	SH		SOLE	1	277,800	0	5,100
FISERV INC	COM	337738108	6,033	84,600	SH		SOLE	1	76,000	0	8,600
FIVE POINT HOLDINGS LLC	COM CL A	33833Q106	9,269	650,000	SH		SOLE		650,000	0	0
FLIR SYS INC	COM	302445101	3,681	73,600	SH		SOLE		73,600	0	0
FOREST CITY REALTY TRUST	COM CL A	345605109	648	32,000	SH		SOLE		32,000	0	0
FRANKLIN FINANCIAL NETWORK	COM	35352P104	261	8,000	SH		SOLE		8,000	0	0
FRANKLIN RESOURCES INC	COM	354613101	14,670	423,000	SH		SOLE		423,000	0	0
FRONT YARD RESIDENTIAL CORP	COM	35904G107	2,513	250,000	SH		SOLE		250,000	0	0
GALLAGHER ARTHUR J & CO	COM	363576109	406	5,900	SH		SOLE	1	0	0	5,900
GARMIN LTD	SHS	H2906T109	625	10,600	SH		SOLE	1	10,000	0	600
GENERAL DYNAMICS CORP	COM	369550108	4,197	19,000	SH		SOLE	1	10,000	0	9,000
GENERAL ELECTRIC CO	COM	369604103	151	11,216	SH		SOLE	1	0	0	11,216
GENERAL MOTORS CO	COM	37045V100	785	21,600	SH		SOLE	1	15,000	0	6,600
GENESEE & WYOMING INC	CL A	371559105	2,414	34,100	SH		SOLE		34,100	0	0
GEO GROUP INC	COM	36162J106	15,271	746,000	SH		SOLE		746,000	0	0
GGP Inc	COM	36174X101	7,325	358,000	SH		SOLE		358,000	0	0
GILEAD SCIENCES INC	COM	375558103	324	4,300	SH		SOLE	1	0	0	4,300
GLACIER BANCORP INC	COM	37637Q105	537	14,000	SH		SOLE	1	0	0	14,000
GRANITE POINT MORTGAGE TRUST	COM	38741L107	1,876	113,427	SH		SOLE		113,427	0	0
GREAT PLAINS ENERGY INC	COM	391164100	1,609	50,600	SH		SOLE		50,600	0	0
GREEN BANCORP INC	COM	39260X100	289	13,000	SH		SOLE		13,000	0	0
HAEMONETICS CORP/MASS	COM	405024100	236	3,220	SH		SOLE	1	3,000	0	220
HARRIS CORP DEL	COM	413875105	4,334	26,875	SH		SOLE	1	10,200	0	16,675
HARTFORD FINL SVCS GROUP INC	COM	416515104	927	18,000	SH		SOLE		18,000	0	0
HCP INC	COM	40414L109	474	20,424	SH		SOLE		20,424	0	0
HEALTH INSURANCE INNOVATIONS	COM CL A	42225K106	578	20,000	SH		SOLE		20,000	0	0
HELMERICH & PAYNE	COM	423452101	7,994	120,100	SH		SOLE		120,100	0	0
HENRY SCHEIN INC	COM	806407102	3,589	53,400	SH		SOLE	1	34,000	0	19,400
HEXCEL CORP NEW	COM	428291108	1,486	23,000	SH		SOLE		23,000	0	0
HILTON WORLDWIDE HOLDINGS IN	COM	43300A203	3,652	46,364	SH		SOLE		46,364	0	0
HOME DEPOT INC	COM	437076102	4,135	23,200	SH		SOLE	1	13,000	0	10,200
HOST HOTELS & RESORTS INC	COM	44107P104	1,530	82,100	SH		SOLE	1	72,100	0	10,000
HOVNANIAN ENTERPRISES INC	CL A	442487203	18	10,000	SH		SOLE	1	0	0	10,000
HOWARD HUGHES CORP	COM	44267D107	4,174	30,000	SH		SOLE		30,000	0	0
HUDSON PACIFIC PROPERTIES IN	COM	444097109	2,463	75,714	SH		SOLE		75,714	0	0
HUMANA INC	COM	444859102	2,850	10,600	SH		SOLE		10,600	0	0
HUNTSMAN CORP	COM	447011107	10,314	352,605	SH		SOLE	1	325,000	0	27,605
ILLUMINA INC	COM	452327109	4,256	18,000	SH		SOLE	1	17,800	0	200
INGERSOLL-RAND PLC	SHS	G47791101	1,283	15,000	SH		SOLE		15,000	0	0
INTEL CORP	COM	458140100	24,930	478,684	SH		SOLE	1	452,100	0	26,584
INTERNATIONAL BUSINESS MACHS	COM	459200101	1,085	7,073	SH		SOLE	1	0	0	7,073
INTERXION HOLDING NV	SHS	N47279109	5,415	87,188	SH		SOLE		87,188	0	0
INTL FLAVORS & FRAGRANCES	COM	459506101	2,909	21,250	SH		SOLE	1	10,000	0	11,250
INTRA-CELLULAR THERAPIES INC	COM	46116X101	442	21,000	SH		SOLE	1	0	0	21,000
INTUITIVE SURGICAL INC	COM NEW	46120E602	8,116	19,660	SH		SOLE	1	16,500	0	3,160
INVITATION HOMES INC	COM	46187W107	539	23,614	SH		SOLE	1	22,000	0	1,614
IPG PHOTONICS CORP	COM	44980X109	2,100	9,000	SH		SOLE		9,000	0	0
ISHARES	NASDAQ BIOTECH	464287556	14,218	133,200	SH		SOLE		133,200	0	0
JACOBS ENGR GROUP INC DEL	COM	469814107	1,976	33,400	SH		SOLE	1	22,000	0	11,400
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	3,495	23,150	SH		SOLE	1	18,000	0	5,150
JBG SMITH PROPERTIES	COM	46590V100	919	27,261	SH		SOLE	1	23,058	0	4,203
JOHNSON & JOHNSON	COM	478160104	15,644	122,077	SH		SOLE	1	36,900	0	85,177
JONES LANG LASALLE INC	COM	48020Q107	910	5,209	SH		SOLE		5,209	0	0
JPMORGAN	ALERIAN ML ETN	46625H365	744	31,000	SH		SOLE	1	0	0	31,000
JPMORGAN CHASE & CO	COM	46625H100	5,523	50,227	SH		SOLE	1	36,000	0	14,227
JUNIPER NETWORKS INC	COM	48203R104	487	20,000	SH		SOLE		20,000	0	0
JUST ENERGY GROUP INC	COM	48213W101	46	10,500	SH		SOLE	1	0	0	10,500
KANSAS CITY SOUTHERN	COM NEW	485170302	1,362	12,400	SH		SOLE		12,400	0	0
KILROY RLTY CORP	COM	49427F108	5,944	83,773	SH		SOLE		83,773	0	0
KIMCO REALTY CORP	COM	49446R109	634	44,000	SH		SOLE		44,000	0	0
KINDER MORGAN HOLDCO LLC	COM	49456B101	14,503	963,000	SH		SOLE		963,000	0	0
KLA-TENCOR CORP	COM	482480100	1,090	10,000	SH		SOLE		10,000	0	0
KRAFT HEINZ CO/THE	COM	500754106	230	3,700	SH		SOLE	1	0	0	3,700
L-3 COMMUNICATIONS HLDGS INC	COM	502413107	1,352	6,500	SH		SOLE	1	6,000	0	500
LABORATORY CRP OF AMER HLDGS	COM NEW	50540R409	2,006	12,400	SH		SOLE	1	7,000	0	5,400
LAKELAND BANCORP INC	COM	511637100	199	10,000	SH		SOLE		10,000	0	0
LAKELAND INDUSTRIES INC	COM	511795106	194	15,010	SH		SOLE		15,010	0	0
LCI INDUSTRIES	COM	50189K103	2,500	24,000	SH		SOLE	1	21,000	0	3,000
LEGGETT & PLATT INC	COM	524660107	1,056	23,810	SH		SOLE	1	0	0	23,810
Leidos Holdings Inc.	COM	525327102	19,020	290,825	SH		SOLE	1	275,500	0	15,325
LENNAR CORP	CL A	526057104	29,081	493,400	SH		SOLE	1	470,100	0	23,300
LENNAR CORP	CL B	526057302	871	18,258	SH		SOLE	1	15,120	0	3,138
LENNOX INTERNATIONAL INC	COM	526107107	409	2,000	SH		SOLE		2,000	0	0
LGI HOMES INC	COM	50187T106	7,149	101,307	SH		SOLE	1	74,707	0	26,600
LIBERTY PROPERTY TRUST	SH BEN INT	531172104	743	18,708	SH		SOLE		18,708	0	0
LIFE STORAGE INC	COM	53223X107	392	4,688	SH		SOLE	1	0	0	4,688
LITTELFUSE INC	COM	537008104	1,957	9,400	SH		SOLE	1	9,000	0	400
LOCKHEED MARTIN CORP	COM	539830109	321	950	SH		SOLE	1	0	0	950
LOMA NEGRA	SPONSORED ADS	54150E104	1,258	59,000	SH		SOLE		59,000	0	0
LOWES COS INC	COM	548661107	14,874	169,500	SH		SOLE		169,500	0	0
LUMENTUM HOLDINGS INC	COM	55024U109	1,104	17,306	SH		SOLE	1	17,000	0	306
M & T BK CORP	COM	55261F104	7,836	42,505	SH		SOLE	1	5,000	0	37,505
M/I HOMES INC	COM	55305B101	4,459	140,000	SH		SOLE		140,000	0	0
MACERICH CO	COM	554382101	1,733	30,928	SH		SOLE		30,928	0	0
MACK CALI RLTY CORP	COM	554489104	251	15,000	SH		SOLE		15,000	0	0
MARATHON PETROLEUM CORP	COM	56585A102	585	8,000	SH		SOLE		8,000	0	0
MARRIOTT INTL INC NEW	CL A	571903202	979	7,200	SH		SOLE		7,200	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	2,923	14,100	SH		SOLE	1	12,500	0	1,600
MASTEC INC	COM	576323109	2,315	49,200	SH		SOLE	1	48,500	0	700
MCKESSON CORP	COM	58155Q103	8,143	57,800	SH		SOLE	1	48,300	0	9,500
MEDALLION FINANCIAL CORP	COM	583928106	349	75,059	SH		SOLE	1	64,859	0	10,200
MEDNAX INC	COM	58502B106	3,243	58,300	SH		SOLE	1	46,000	0	12,300
MEDTRONIC INC	SHS	G5960L103	12,554	156,500	SH		SOLE	1	153,300	0	3,200
MELCO RESORTS & ENTERT	ADR	585464100	7,880	271,900	SH		SOLE		271,900	0	0
MERCK & CO INC	COM	58933Y105	551	10,107	SH		SOLE	1	0	0	10,107
Mettler-Toledo International	COM	592688105	288	500	SH		SOLE		500	0	0
MGM MIRAGE	COM	552953101	9,690	276,700	SH		SOLE		276,700	0	0
MICROSOFT CORP	COM	594918104	14,412	157,900	SH		SOLE	1	154,500	0	3,400
MIDDLEBY CORP	COM	596278101	842	6,800	SH		SOLE	1	5,000	0	1,800
MIDLAND STATES BANCORP INC	COM	597742105	252	8,000	SH		SOLE		8,000	0	0
MIDWESTONE FINANCIAL GROUP I	COM	598511103	266	8,000	SH		SOLE		8,000	0	0
MINERVA NEUROSCIENCES INC	COM	603380106	125	20,000	SH		SOLE		20,000	0	0
MOHAWK INDS INC	COM	608190104	2,624	11,300	SH		SOLE	1	7,500	0	3,800
MYOMO INC	COM	62857J102	45	15,000	SH		SOLE		15,000	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	301	12,000	SH		SOLE		12,000	0	0
NEW RESIDENTIAL INVESTMENT	COM NEW	64828T201	3,434	208,734	SH		SOLE		208,734	0	0
NEWELL BRANDS INC	COM	651229106	8,442	331,338	SH		SOLE	1	307,620	0	23,718
NEWMARKET CORP	COM	651587107	321	800	SH		SOLE		800	0	0
NEXTERA ENERGY INC	COM	65339F101	22,979	140,688	SH		SOLE	1	127,900	0	12,788
NMI HOLDINGS INC	CL A	629209305	166	10,000	SH		SOLE		10,000	0	0
NOMAD FOODS LTD	USD ORD SHS	G6564A105	8,577	544,900	SH		SOLE		544,900	0	0
NORFOLK SOUTHERN CORP	COM	655844108	13,089	96,400	SH		SOLE		96,400	0	0
Northeast Bancorp	COM NEW	663904209	256	12,500	SH		SOLE		12,500	0	0
NORTHROP GRUMMAN CORP	COM	666807102	1,539	4,407	SH		SOLE	1	0	0	4,407
NORTHSTAR REALTY EUROPE CORP	COM	66706L101	5,166	396,802	SH		SOLE	1	391,812	0	4,990
NOVARTIS A G	SPONSORED ADR	66987V109	13,906	172,000	SH		SOLE		172,000	0	0
NRG YIELD INC	CL A NEW	62942X306	9,302	565,801	SH		SOLE		565,801	0	0
NRG YIELD INC	CL C	62942X405	9,223	542,500	SH		SOLE	1	535,500	0	7,000
NUCOR CORP	COM	670346105	1,448	23,700	SH		SOLE	1	23,500	0	200
NVIDIA CORP	COM	67066G104	1,019	4,400	SH		SOLE	1	4,000	0	400
NVR INC	COM	62944T105	9,478	3,385	SH		SOLE		3,385	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	247	1,000	SH		SOLE	1	0	0	1,000
OAKTREE CAPITAL GROUP LLC	UNIT CL A	674001201	990	25,000	SH		SOLE		25,000	0	0
OCEANFIRST FINL CORP	COM	675234108	270	10,104	SH		SOLE		10,104	0	0
OFG BANCORP	COM	67103X102	575	55,000	SH		SOLE		55,000	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	633	23,413	SH		SOLE		23,413	0	0
OPUS BANK	COM	684000102	224	8,000	SH		SOLE		8,000	0	0
ORACLE CORP COM	COM	68389X105	2,013	44,000	SH		SOLE		44,000	0	0
PARAMOUNT GROUP INC	COM	69924R108	407	28,608	SH		SOLE		28,608	0	0
PARK HOTELS & RESORTS INC	COM	700517105	2,187	80,953	SH		SOLE		80,953	0	0
PATTERN ENERGY GROUP INC	CL A	70338P100	8,178	473,000	SH		SOLE	1	466,600	0	6,400
PEAPACK GLADSTONE FINL CORP	COM	704699107	284	8,500	SH		SOLE		8,500	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	526	15,300	SH		SOLE		15,300	0	0
PEPSICO INC	COM	713448108	1,419	13,000	SH		SOLE		13,000	0	0
PFIZER INC	COM	717081103	11,872	334,513	SH		SOLE	1	312,300	0	22,213
PHILLIPS 66	COM	718546104	576	6,000	SH		SOLE		6,000	0	0
PINNACLE WEST CAP CORP	COM	723484101	575	7,200	SH		SOLE	1	6,000	0	1,200
PLUG POWER INC	COM NEW	72919P202	38	20,000	SH		SOLE		20,000	0	0
PNC FINL SVCS GROUP INC	COM	693475105	16,001	105,800	SH		SOLE	1	105,300	0	500
PREFERRED BANK/LOS ANGELES	COM NEW	740367404	257	4,000	SH		SOLE		4,000	0	0
PROCTER & GAMBLE CO	COM	742718109	2,810	35,439	SH		SOLE	1	11,000	0	24,439
PROLOGIS INC	COM	74340W103	5,687	90,292	SH		SOLE	1	89,400	0	892
PROSPERITY BANCSHARES INC	COM	743606105	1,344	18,500	SH		SOLE	1	15,000	0	3,500
PUBLIC STORAGE	COM	74460D109	4,422	22,065	SH		SOLE		22,065	0	0
PULTE GROUP INC	COM	745867101	8,563	290,358	SH		SOLE	1	285,976	0	4,382
PVH CORP	COM	693656100	456	3,010	SH		SOLE		3,010	0	0
QUANTA SERVICES INC	COM	74762E102	344	10,000	SH		SOLE		10,000	0	0
RANDGOLD RESOURCES LTD	ADR	752344309	12,403	149,000	SH		SOLE	1	148,500	0	500
RAYTHEON CO	COM NEW	755111507	12,067	55,913	SH		SOLE	1	49,400	0	6,513
REGENCY CTRS CORP	COM	758849103	708	12,000	SH		SOLE		12,000	0	0
REGENERON PHARMACEUTICALS	COM	75886F107	1,033	3,000	SH		SOLE	1	2,000	0	1,000
ROSS STORES INC	COM	778296103	3,119	40,000	SH		SOLE	1	39,000	0	1,000
SABRA HEALTH CARE REIT INC	COM	78573L106	497	28,186	SH		SOLE	1	27,344	0	842
SANDY SPRING BANCORP	COM	800363103	271	7,000	SH		SOLE		7,000	0	0
SCHLUMBERGER LTD	COM	806857108	8,855	136,700	SH		SOLE	1	136,400	0	300
SCIENCE APPLICATIONS INTE	COM	808625107	237	3,010	SH		SOLE		3,010	0	0
SEACOAST BANKING CORP/FL	COM NEW	811707801	318	12,000	SH		SOLE		12,000	0	0
SEMGROUP CORP	CL A	81663A105	807	37,700	SH		SOLE		37,700	0	0
SHIRE PLC	SPONSORED ADR	82481R106	14,491	97,000	SH		SOLE		97,000	0	0
SHORE BANCSHARES INC	COM	825107105	226	12,000	SH		SOLE		12,000	0	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	1,278	9,000	SH		SOLE		9,000	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	22,827	147,890	SH		SOLE	1	144,460	0	3,430
SL GREEN RLTY CORP	COM	78440X101	4,935	50,967	SH		SOLE	1	50,000	0	967
SMUCKER J M CO	COM NEW	832696405	11,558	93,200	SH		SOLE	1	92,200	0	1,000
SNAP ON INC	COM	833034101	21,400	145,050	SH		SOLE	1	130,300	0	14,750
SOLAREDGE TECHNOLOGIES INC	COM	83417M104	2,923	55,570	SH		SOLE	1	35,000	0	20,570
SOUTHERN CO	COM	842587107	286	6,400	SH		SOLE	1	0	0	6,400
SOUTHERN NATL BANCORP OF VA IN	COM	843395104	253	16,000	SH		SOLE		16,000	0	0
SPDR	S&P OILGAS EXP	78464A730	11,869	337,000	SH		SOLE		337,000	0	0
STAG INDUSTRIAL INC	COM	85254J102	778	32,537	SH		SOLE		32,537	0	0
STANLEY BLACK & DECKER INC	COM	854502101	322	2,100	SH		SOLE		2,100	0	0
STARBUCKS CORP	COM	855244109	1,193	20,600	SH		SOLE	1	18,000	0	2,600
STARWOOD PPTY TR INC	COM	85571B105	17,515	836,044	SH		SOLE	1	800,944	0	35,100
STATE STR CORP	COM	857477103	2,194	22,000	SH		SOLE	1	13,000	0	9,000
STRYKER CORP	COM	863667101	499	3,100	SH		SOLE	1	0	0	3,100
SVB FINANCIAL GROUP	COM	78486Q101	1,944	8,100	SH		SOLE	1	7,500	0	600
SYMANTEC CORP	COM	871503108	1,422	55,000	SH		SOLE		55,000	0	0
SYNAPTICS INC	COM	87157D109	380	8,300	SH		SOLE	1	8,000	0	300
SYNCHRONY FINANCIAL	COM	87165B103	972	29,000	SH		SOLE		29,000	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADR	874039100	1,081	24,700	SH		SOLE	1	0	0	24,700
TANGER FACTORY OUTLET CENTER	COM	875465106	2,200	100,000	SH		SOLE		100,000	0	0
TARGET CORP	COM	87612E106	7,707	111,000	SH		SOLE		111,000	0	0
TAUBMAN CTRS INC	COM	876664103	871	15,297	SH		SOLE		15,297	0	0
TAYLOR MORRISON HOME CORP	CL A	87724P106	5,936	255,000	SH		SOLE		255,000	0	0
TE CONNECTIVITY LTD	REG SHS	H84989104	16,490	165,063	SH		SOLE		165,063	0	0
SELECT SECT SPDR	TECHNOLOGY	81369Y803	1,766	27,000	SH		SOLE		27,000	0	0
TELEFLEX INC	COM	879369106	2,728	10,700	SH		SOLE	1	7,000	0	3,700
TENNECO INC	COM	880349105	1,207	22,000	SH		SOLE		22,000	0	0
TERRAFORM POWER INC	COM CL A	88104R209	6,474	603,353	SH		SOLE	1	598,343	0	5,010
TERRENO RLTY CORP	COM	88146M101	1,762	51,058	SH		SOLE		51,058	0	0
Territorial Bancorp Inc	COM	88145X108	252	8,500	SH		SOLE		8,500	0	0
TEXAS INSTRUMENTS INC	COM	882508104	2,410	23,200	SH		SOLE	1	18,500	0	4,700
THERAPEUTICSMD INC	COM	88338N107	58	12,000	SH		SOLE		12,000	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	16,052	77,750	SH		SOLE	1	72,700	0	5,050
TIFFANY & CO NEW	COM	886547108	401	4,110	SH		SOLE	1	0	0	4,110
TJX COS INC NEW	COM	872540109	16,353	200,500	SH		SOLE	1	200,300	0	200
T-MOBILE US INC	COM	872590104	1,996	32,700	SH		SOLE		32,700	0	0
TOLL BROTHERS INC	COM	889478103	761	17,600	SH		SOLE	1	10,000	0	7,600
TORTOISE PIPELINE & ENERGY F	COM	89148H108	577	36,000	SH		SOLE	1	0	0	36,000
TOTAL SA	SPONSORED ADR	89151E109	7,327	127,000	SH		SOLE		127,000	0	0
TRAVELCENTERS OF AMERICA LLC	COM	894174101	990	275,000	SH		SOLE		275,000	0	0
TRI POINTE HOMES LLC	COM	87265H109	1,972	120,000	SH		SOLE		120,000	0	0
TWO HBRS INVT CORP	COM NEW	90187B408	11,889	773,550	SH		SOLE		773,550	0	0
UDR INC	COM	902653104	1,314	36,900	SH		SOLE		36,900	0	0
ULTA SALON COSMETICS & FRAGR	COM	90384S303	2,707	13,252	SH		SOLE	1	11,000	0	2,252
ULTRA CLEAN HOLDINGS INC	COM	90385V107	289	15,000	SH		SOLE		15,000	0	0
UNION PAC CORP	COM	907818108	6,937	51,600	SH		SOLE	1	15,400	0	36,200
UNITED COMMUNITY FINANCIAL	COM	909839102	227	23,000	SH		SOLE		23,000	0	0
UNITED RENTALS INC	COM	911363109	3,791	21,950	SH		SOLE	1	14,000	0	7,950
UNITEDHEALTH GROUP INC	COM	91324P102	13,568	63,400	SH		SOLE		63,400	0	0
UNIVERSAL DISPLAY CORP	COM	91347P105	465	4,600	SH		SOLE		4,600	0	0
UNIVERSAL HEALTH SERVICES	CL B	913903100	14,860	125,500	SH		SOLE	1	118,000	0	7,500
UNIVEST CORP OF PENNSYLVANIA	COM	915271100	277	10,000	SH		SOLE		10,000	0	0
URBAN EDGE PROPERTIES	COM	91704F104	573	26,821	SH		SOLE	1	23,058	0	3,763
V F CORP COM	COM	918204108	1,090	14,700	SH		SOLE	1	10,000	0	4,700
VANGUARD	HEALTH CAR ETF	92204A504	1,535	10,000	SH		SOLE		10,000	0	0
VENTAS INC	COM	92276F100	3,492	70,512	SH		SOLE	1	52,712	0	17,800
VERASTEM INC	COM	92337C104	149	50,040	SH		SOLE		50,040	0	0
VEREIT INC	COM	92339V100	2,379	341,800	SH		SOLE	1	330,000	0	11,800
VERIZON COMMUNICATIONS INC	COM	92343V104	315	6,597	SH		SOLE	1	0	0	6,597
VIACOM INC	CL B	92553P201	932	30,000	SH		SOLE		30,000	0	0
VIEWRAY INC	COM	92672L107	122	19,000	SH		SOLE	1	15,000	0	4,000
VISTRA ENERGY CORP	COM	92840M102	1,302	62,500	SH		SOLE		62,500	0	0
VORNADO RLTY TR	SH BEN INT	929042109	3,670	54,530	SH		SOLE	1	46,117	0	8,413
VULCAN MATLS CO	COM	929160109	1,827	16,000	SH		SOLE		16,000	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	2,298	35,100	SH		SOLE	1	29,000	0	6,100
WASHINGTON PRIME GROUP INC	COM	93964W108	1,676	251,286	SH		SOLE	1	250,000	0	1,286
WASHINGTON TRUST BANCORP	COM	940610108	517	9,620	SH		SOLE	1	0	0	9,620
WASTE CONNECTIONS INC	COM	94106B101	1,248	17,400	SH		SOLE		17,400	0	0
WAYFAIR INC	CL A	94419L101	878	13,000	SH		SOLE		13,000	0	0
WELLS FARGO & CO NEW	COM	949746101	57,693	1,100,807	SH		SOLE	1	225,719	0	875,088
WELLTOWER INC	COM	95040Q104	1,350	24,803	SH		SOLE		24,803	0	0
WESTERN DIGITAL CORP	COM	958102105	7,658	83,000	SH		SOLE		83,000	0	0
WHIRLPOOL CORP	COM	963320106	15,403	100,600	SH		SOLE	1	94,600	0	6,000
WILLIAM LYON HOMES	CL A NEW	552074700	13,428	488,471	SH		SOLE		488,471	0	0
WILLIAMS COS INC	COM	969457100	2,272	91,400	SH		SOLE		91,400	0	0
WILLIAMS-SONOMA INC	COM	969904101	1,172	22,208	SH		SOLE	1	7,000	0	15,208
WISCONSIN ENERGY CORP	COM	92939U106	527	8,400	SH		SOLE	1	8,000	0	400
ZEBRA TECHNOLOGIES CORP	CL A	989207105	3,090	22,200	SH		SOLE	1	22,000	0	200
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	13,019	119,400	SH		SOLE	1	108,100	0	11,300
ZOETIS INC	CL A	98978V103	579	6,935	SH		SOLE	1	0	0	6,935