Employees Retirement System of Texas 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
AT&T INC	COM	00206R102	9,861	642,800	SH		SOLE		642,800	0	0
ABBOTT LABS	COM	002824100	23,126	239,000	SH		SOLE		239,000	0	0
ABBVIE INC	COM	00287Y109	32,076	239,000	SH		SOLE		239,000	0	0
ACADIA RLTY TR	COM SH BEN INT	004239109	1,453	115,154	SH		SOLE		115,154	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	18,511	249,000	SH		SOLE		249,000	0	0
ADOBE SYSTEMS INCORPORATED	COM	00724F101	17,338	63,000	SH		SOLE		63,000	0	0
ADVANCED MICRO DEVICES INC	COM	007903107	24,468	386,179	SH		SOLE		386,179	0	0
AGNICO EAGLE MINES LTD	COM	008474108	1,258	29,789	SH		SOLE		29,789	0	0
AGREE RLTY CORP	COM	008492100	983	14,550	SH		SOLE		14,550	0	0
ALASKA AIR GROUP INC	COM	011659109	4,949	126,400	SH		SOLE		126,400	0	0
ALBEMARLE CORP	COM	012653101	20,362	77,000	SH		SOLE		77,000	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	27,617	197,000	SH		SOLE		197,000	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	18	223	SH		SOLE		223	0	0
ALPHABET INC	CAP STK CL C	02079K107	136,148	1,416,000	SH		SOLE		1,416,000	0	0
ALPHABET INC	CAP STK CL A	02079K305	57,222	598,243	SH		SOLE		598,243	0	0
AMAZON COM INC	COM	023135106	149,273	1,321,000	SH		SOLE		1,321,000	0	0
AMEREN CORP	COM	023608102	16,352	203,000	SH		SOLE		203,000	0	0
AMERICAN ASSETS TR INC	COM	024013104	309	12,000	SH		SOLE		12,000	0	0
AMERICAN ELEC PWR CO INC	COM	025537101	19,278	223,000	SH		SOLE		223,000	0	0
AMERICAN EXPRESS CO	COM	025816109	27,791	206,000	SH		SOLE		206,000	0	0
AMERICAN HOMES 4 RENT	CL A	02665T306	3,979	121,265	SH		SOLE		121,265	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	2,096	44,140	SH		SOLE		44,140	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	25,335	118,000	SH		SOLE		118,000	0	0
AMERICOLD REALTY TRUST INC	COM	03064D108	3,515	142,868	SH		SOLE		142,868	0	0
AMERIPRISE FINL INC	COM	03076C106	17,888	71,000	SH		SOLE		71,000	0	0
AMETEK INC	COM	031100100	17,470	154,044	SH		SOLE		154,044	0	0
ANALOG DEVICES INC	COM	032654105	2,212	15,875	SH		SOLE		15,875	0	0
ELEVANCE HEALTH INC	COM	036752103	28,617	63,000	SH		SOLE		63,000	0	0
APARTMENT INCOME REIT CORP	COM	03750L109	3,077	79,664	SH		SOLE		79,664	0	0
APPLE INC	COM	037833100	340,185	2,461,542	SH		SOLE		2,461,542	0	0
APPLE HOSPITALITY REIT INC	COM NEW	03784Y200	3,656	260,000	SH		SOLE		260,000	0	0
APPLIED MATLS INC	COM	038222105	25,381	309,792	SH		SOLE		309,792	0	0
ARCELORMITTAL SA LUXEMBOURG	NY REGISTRY SH	03938L203	905	45,443	SH		SOLE		45,443	0	0
ASTRAZENECA PLC	SPONSORED ADR	046353108	8,693	158,510	SH		SOLE		158,510	0	0
AUTODESK INC	COM	052769106	2,690	14,401	SH		SOLE		14,401	0	0
AUTOLIV INC	COM	052800109	4,249	63,768	SH		SOLE		63,768	0	0
AVALONBAY CMNTYS INC	COM	053484101	18,180	98,700	SH		SOLE		98,700	0	0
BP PLC	SPONSORED ADR	055622104	16,847	590,084	SH		SOLE		590,084	0	0
BAIN CAP SPECIALTY FIN INC	COM STK	05684B107	23,364	1,947,029	SH		SOLE		1,947,029	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	113	4,636	SH		SOLE		4,636	0	0
BK OF AMERICA CORP	COM	060505104	59,644	1,974,975	SH		SOLE		1,974,975	0	0
BARCLAYS PLC	ADR	06738E204	436	68,188	SH		SOLE		68,188	0	0
BECTON DICKINSON & CO	COM	075887109	14,038	63,000	SH		SOLE		63,000	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	1,219	3	SH		SOLE		3	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	50,767	190,125	SH		SOLE		190,125	0	0
BIOGEN INC	COM	09062X103	22,695	85,000	SH		SOLE		85,000	0	0
BLACKSTONE INC	COM	09260D107	14,062	168,000	SH		SOLE		168,000	0	0
BOOKING HOLDINGS INC	COM	09857L108	23,054	14,030	SH		SOLE		14,030	0	0
BOSTON PROPERTIES INC	COM	101121101	5,623	75,000	SH		SOLE		75,000	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	2,282	338,000	SH		SOLE		338,000	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	58,242	819,272	SH		SOLE		819,272	0	0
BRITISH AMERN TOB PLC	SPONSORED ADR	110448107	6,211	174,947	SH		SOLE		174,947	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	3,509	190,000	SH		SOLE		190,000	0	0
BROADCOM INC	COM	11135F101	46,878	105,579	SH		SOLE		105,579	0	0
CF INDS HLDGS INC	COM	125269100	17,229	179,000	SH		SOLE		179,000	0	0
C H ROBINSON WORLDWIDE INC	COM NEW	12541W209	14,832	154,000	SH		SOLE		154,000	0	0
CME GROUP INC	COM	12572Q105	15,410	87,000	SH		SOLE		87,000	0	0
CSX CORP	COM	126408103	17,023	639,000	SH		SOLE		639,000	0	0
CVS HEALTH CORP	COM	126650100	28,931	303,360	SH		SOLE		303,360	0	0
CADENCE DESIGN SYSTEM INC	COM	127387108	29,908	183,000	SH		SOLE		183,000	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	3,345	28,000	SH		SOLE		28,000	0	0
CANADIAN NAT RES LTD	COM	136385101	5,144	110,450	SH		SOLE		110,450	0	0
CANON INC	SPONSORED ADR	138006309	867	39,755	SH		SOLE		39,755	0	0
CARETRUST REIT INC	COM	14174T107	4,857	268,193	SH		SOLE		268,193	0	0
CARRIER GLOBAL CORPORATION	COM	14448C104	14,463	406,712	SH		SOLE		406,712	0	0
CATERPILLAR INC	COM	149123101	15,259	93,000	SH		SOLE		93,000	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	28,537	172,000	SH		SOLE		172,000	0	0
CHESAPEAKE ENERGY CORP	*W EXP 02/09/202	165167164	4,020	50,058	SH		SOLE		50,058	0	0
CHESAPEAKE ENERGY CORP	*W EXP 02/09/202	165167172	4,394	55,620	SH		SOLE		55,620	0	0
CHESAPEAKE ENERGY CORP	*W EXP 02/09/202	165167180	2,248	30,900	SH		SOLE		30,900	0	0
CHEVRON CORP NEW	COM	166764100	51,431	357,977	SH		SOLE		357,977	0	0
CHIPOTLE MEXICAN GRILL INC	COM	169656105	13,525	9,000	SH		SOLE		9,000	0	0
CISCO SYS INC	COM	17275R102	12,160	304,000	SH		SOLE		304,000	0	0
CITIGROUP INC	COM NEW	172967424	19,110	458,600	SH		SOLE		458,600	0	0
COCA COLA CO	COM	191216100	65,375	1,167,000	SH		SOLE		1,167,000	0	0
COMCAST CORP NEW	CL A	20030N101	37,366	1,274,000	SH		SOLE		1,274,000	0	0
CIA ENERGETICA DE MINAS GERA	SP ADR N-V PFD	204409601	269	133,075	SH		SOLE		133,075	0	0
COMPANIA CERVECERIAS UNIDAS	SPONSORED ADR	204429104	132	12,224	SH		SOLE		12,224	0	0
CONAGRA BRANDS INC	COM	205887102	7,446	228,200	SH		SOLE		228,200	0	0
CONOCOPHILLIPS	COM	20825C104	28,896	282,350	SH		SOLE		282,350	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	20,442	89,000	SH		SOLE		89,000	0	0
CONSTELLATION ENERGY CORP	COM	21037T109	24,874	299,000	SH		SOLE		299,000	0	0
CORTEVA INC	COM	22052L104	27,089	474,000	SH		SOLE		474,000	0	0
COSTCO WHSL CORP NEW	COM	22160K105	48,242	102,149	SH		SOLE		102,149	0	0
COSTAR GROUP INC	COM	22160N109	11,074	159,000	SH		SOLE		159,000	0	0
COUSINS PPTYS INC	COM NEW	222795502	1,670	71,500	SH		SOLE		71,500	0	0
CROWN HLDGS INC	COM	228368106	8,475	104,588	SH		SOLE		104,588	0	0
CUBESMART	COM	229663109	9,334	233,000	SH		SOLE		233,000	0	0
D R HORTON INC	COM	23331A109	7,417	110,130	SH		SOLE		110,130	0	0
DANAHER CORPORATION	COM	235851102	38,485	149,000	SH		SOLE		149,000	0	0
DAQO NEW ENERGY CORP	SPNSRD ADS NEW	23703Q203	43	808	SH		SOLE		808	0	0
DARDEN RESTAURANTS INC	COM	237194105	17,432	138,000	SH		SOLE		138,000	0	0
DEERE & CO	COM	244199105	26,105	78,185	SH		SOLE		78,185	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	7,171	255,544	SH		SOLE		255,544	0	0
DENTSPLY SIRONA INC	COM	24906P109	4,199	148,099	SH		SOLE		148,099	0	0
DEVON ENERGY CORP NEW	COM	25179M103	3,601	59,884	SH		SOLE		59,884	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	406	54,000	SH		SOLE		54,000	0	0
DIGITAL RLTY TR INC	COM	253868103	17,852	179,999	SH		SOLE		179,999	0	0
DISNEY WALT CO	COM	254687106	34,755	368,440	SH		SOLE		368,440	0	0
DISCOVER FINL SVCS	COM	254709108	16,638	183,000	SH		SOLE		183,000	0	0
DOLLAR GEN CORP NEW	COM	256677105	18,469	77,000	SH		SOLE		77,000	0	0
DOMINION ENERGY INC	COM	25746U109	7,533	109,000	SH		SOLE		109,000	0	0
DOUGLAS EMMETT INC	COM	25960P109	1,183	66,000	SH		SOLE		66,000	0	0
DUKE REALTY CORP	COM NEW	264411505	20,604	427,470	SH		SOLE		427,470	0	0
DUPONT DE NEMOURS INC	COM	26614N102	6,528	129,533	SH		SOLE		129,533	0	0
ENI S P A	SPONSORED ADR	26874R108	114	5,412	SH		SOLE		5,412	0	0
EOG RES INC	COM	26875P101	8,827	79,000	SH		SOLE		79,000	0	0
EPR PPTYS	COM SH BEN INT	26884U109	394	11,000	SH		SOLE		11,000	0	0
EASTGROUP PPTYS INC	COM	277276101	8,949	62,000	SH		SOLE		62,000	0	0
EASTMAN CHEM CO	COM	277432100	4,174	58,750	SH		SOLE		58,750	0	0
EDISON INTL	COM	281020107	8,634	152,600	SH		SOLE		152,600	0	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	34,374	416,000	SH		SOLE		416,000	0	0
ENDAVA PLC	ADS	29260V105	796	9,870	SH		SOLE		9,870	0	0
ENTERGY CORP NEW	COM	29364G103	12,780	127,000	SH		SOLE		127,000	0	0
EQUINIX INC	COM	29444U700	43,232	76,000	SH		SOLE		76,000	0	0
EQUINOR ASA	SPONSORED ADR	29446M102	152	4,587	SH		SOLE		4,587	0	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	9,677	154,000	SH		SOLE		154,000	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	26,889	400,020	SH		SOLE		400,020	0	0
ESSENTIAL PPTYS RLTY TR INC	COM	29670E107	2,334	120,000	SH		SOLE		120,000	0	0
ESSEX PPTY TR INC	COM	297178105	9,205	38,000	SH		SOLE		38,000	0	0
EXELON CORP	COM	30161N101	30,552	815,590	SH		SOLE		815,590	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	11,572	67,000	SH		SOLE		67,000	0	0
EXXON MOBIL CORP	COM	30231G102	79,306	908,327	SH		SOLE		908,327	0	0
META PLATFORMS INC	CL A	30303M102	61,158	450,751	SH		SOLE		450,751	0	0
FEDEX CORP	COM	31428X106	13,804	92,978	SH		SOLE		92,978	0	0
FINVOLUTION GROUP	SPONSORED ADS	31810T101	596	139,200	SH		SOLE		139,200	0	0
FIRST INDL RLTY TR INC	COM	32054K103	9,473	211,410	SH		SOLE		211,410	0	0
FIRST REP BK SAN FRANCISCO C	COM	33616C100	21,802	167,000	SH		SOLE		167,000	0	0
FIRSTENERGY CORP	COM	337932107	7,470	201,900	SH		SOLE		201,900	0	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	1,042	16,606	SH		SOLE		16,606	0	0
FORUM ENERGY TECHNOLOGIES IN	NOTE 9.000% 8/0	34984VAC4	23,872	24,968,845	PRN		SOLE		24,968,845	0	0
FOUR CORNERS PPTY TR INC	COM	35086T109	3,261	134,800	SH		SOLE		134,800	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	12,927	473,000	SH		SOLE		473,000	0	0
GALLAGHER ARTHUR J & CO	COM	363576109	19,348	113,000	SH		SOLE		113,000	0	0
GAMING & LEISURE PPTYS INC	COM	36467J108	2,662	60,164	SH		SOLE		60,164	0	0
GENERAC HLDGS INC	COM	368736104	1,603	9,000	SH		SOLE		9,000	0	0
GENERAL MTRS CO	COM	37045V100	9,628	300,040	SH		SOLE		300,040	0	0
GILEAD SCIENCES INC	COM	375558103	10,426	169,000	SH		SOLE		169,000	0	0
GSK PLC	SPONSORED ADR	37733W204	8,457	287,345	SH		SOLE		287,345	0	0
GLOBAL PMTS INC	COM	37940X102	8,779	81,250	SH		SOLE		81,250	0	0
GRAINGER W W INC	COM	384802104	17,611	36,000	SH		SOLE		36,000	0	0
HDFC BANK LTD	SPONSORED ADS	40415F101	2,779	47,571	SH		SOLE		47,571	0	0
HALEON PLC	SPON ADS	405552100	5,350	878,517	SH		SOLE		878,517	0	0
HALLIBURTON CO	COM	406216101	24,152	981,000	SH		SOLE		981,000	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	10,840	175,000	SH		SOLE		175,000	0	0
HEALTHCARE RLTY TR	CL A COM	42226K105	34,820	1,670,000	SH		SOLE		1,670,000	0	0
HEALTHPEAK PROPERTIES INC	COM	42250P103	8,282	361,344	SH		SOLE		361,344	0	0
HERSHEY CO	COM	427866108	13,449	61,000	SH		SOLE		61,000	0	0
HIGHWOODS PPTYS INC	COM	431284108	1,603	59,460	SH		SOLE		59,460	0	0
HIMAX TECHNOLOGIES INC	SPONSORED ADR	43289P106	54	11,105	SH		SOLE		11,105	0	0
HOME DEPOT INC	COM	437076102	85,798	310,931	SH		SOLE		310,931	0	0
HONDA MOTOR LTD	AMERN SHS	438128308	279	12,929	SH		SOLE		12,929	0	0
HONEYWELL INTL INC	COM	438516106	31,724	190,000	SH		SOLE		190,000	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	8,734	550,000	SH		SOLE		550,000	0	0
HOWARD HUGHES CORP	COM	44267D107	3,218	58,100	SH		SOLE		58,100	0	0
HUDSON PAC PPTYS INC	COM	444097109	953	87,000	SH		SOLE		87,000	0	0
HUMANA INC	COM	444859102	21,877	45,089	SH		SOLE		45,089	0	0
HUNTSMAN CORP	COM	447011107	4,321	176,080	SH		SOLE		176,080	0	0
ICICI BANK LIMITED	ADR	45104G104	3,418	162,990	SH		SOLE		162,990	0	0
INDUSTRIAL LOGISTICS PPTYS T	COM SHS BEN INT	456237106	103	18,780	SH		SOLE		18,780	0	0
INGREDION INC	COM	457187102	8,382	104,100	SH		SOLE		104,100	0	0
INNOVATIVE INDL PPTYS INC	COM	45781V101	708	8,000	SH		SOLE		8,000	0	0
INTUIT	COM	461202103	39,507	102,000	SH		SOLE		102,000	0	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	9,109	48,596	SH		SOLE		48,596	0	0
INVITATION HOMES INC	COM	46187W107	9,557	283,000	SH		SOLE		283,000	0	0
ISHARES INC	EM MKT SM-CP ETF	464286475	583	12,850	SH		SOLE		12,850	0	0
ISHARES TR	MSCI EMG MKT ETF	464287234	137,811	3,951,000	SH		SOLE		3,951,000	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	7,970	97,888	SH		SOLE		97,888	0	0
ISHARES TR	MSCI ACWI ETF	464288257	43,530	559,300	SH		SOLE		559,300	0	0
ISHARES TR	JPMORGAN USD EMG	464288281	7,940	100,000	PRN		SOLE		100,000	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	7,139	100,000	PRN		SOLE		100,000	0	0
ITAU UNIBANCO HLDG S A	SPON ADR REP PFD	465562106	2,272	439,372	SH		SOLE		439,372	0	0
JPMORGAN CHASE & CO	COM	46625H100	47,898	458,350	SH		SOLE		458,350	0	0
JOHNSON & JOHNSON	COM	478160104	76,839	470,364	SH		SOLE		470,364	0	0
KB FINL GROUP INC	SPONSORED ADR	48241A105	1,798	59,668	SH		SOLE		59,668	0	0
KT CORP	SPONSORED ADR	48268K101	385	31,468	SH		SOLE		31,468	0	0
KILROY RLTY CORP	COM	49427F108	2,527	60,000	SH		SOLE		60,000	0	0
KIMCO RLTY CORP	COM	49446R109	8,350	453,556	SH		SOLE		453,556	0	0
KROGER CO	COM	501044101	19,123	437,100	SH		SOLE		437,100	0	0
LPL FINL HLDGS INC	COM	50212V100	32,335	148,000	SH		SOLE		148,000	0	0
L3HARRIS TECHNOLOGIES INC	COM	502431109	13,093	63,000	SH		SOLE		63,000	0	0
LAM RESEARCH CORP	COM	512807108	5,831	15,933	SH		SOLE		15,933	0	0
LXP INDUSTRIAL TRUST	COM	529043101	3,701	403,994	SH		SOLE		403,994	0	0
LIFE STORAGE INC	COM	53223X107	10,079	91,000	SH		SOLE		91,000	0	0
LILLY ELI & CO	COM	532457108	53,666	165,968	SH		SOLE		165,968	0	0
LITHIA MTRS INC	COM	536797103	5,149	24,000	SH		SOLE		24,000	0	0
LOCKHEED MARTIN CORP	COM	539830109	16,651	43,104	SH		SOLE		43,104	0	0
LULULEMON ATHLETICA INC	COM	550021109	21,526	77,000	SH		SOLE		77,000	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	11,531	388,000	SH		SOLE		388,000	0	0
MAGNA INTL INC	COM	559222401	3,569	75,270	SH		SOLE		75,270	0	0
MARATHON PETE CORP	COM	56585A102	28,011	282,000	SH		SOLE		282,000	0	0
MASTERCARD INCORPORATED	CL A	57636Q104	52,193	183,559	SH		SOLE		183,559	0	0
MCDONALDS CORP	COM	580135101	40,380	175,000	SH		SOLE		175,000	0	0
MERCK & CO INC	COM	58933Y105	41,288	479,424	SH		SOLE		479,424	0	0
METLIFE INC	COM	59156R108	9,401	154,679	SH		SOLE		154,679	0	0
MICROSOFT CORP	COM	594918104	269,185	1,155,797	SH		SOLE		1,155,797	0	0
MICRON TECHNOLOGY INC	COM	595112103	21,721	433,550	SH		SOLE		433,550	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	22,404	144,477	SH		SOLE		144,477	0	0
MOMENTIVE GLOBAL INC	COM	60878Y108	552	95,047	SH		SOLE		95,047	0	0
MONOLITHIC PWR SYS INC	COM	609839105	922	2,538	SH		SOLE		2,538	0	0
MONSTER BEVERAGE CORP NEW	COM	61174X109	12,087	139,000	SH		SOLE		139,000	0	0
MORGAN STANLEY	COM NEW	617446448	34,290	434,000	SH		SOLE		434,000	0	0
MOTOROLA SOLUTIONS INC	COM NEW	620076307	19,485	87,000	SH		SOLE		87,000	0	0
NCL CORP LTD	NOTE 6.000% 5/1	62886HAT8	222	200,000	PRN		SOLE		200,000	0	0
NATIONAL HEALTH INVS INC	COM	63633D104	1,507	26,655	SH		SOLE		26,655	0	0
NATIONAL RETAIL PROPERTIES I	COM	637417106	7,175	180,000	SH		SOLE		180,000	0	0
NETFLIX INC	COM	64110L106	14,126	60,000	SH		SOLE		60,000	0	0
NEW YORK CMNTY BANCORP INC	COM	649445103	5,489	643,500	SH		SOLE		643,500	0	0
NEWMONT CORP	COM	651639106	18,317	435,800	SH		SOLE		435,800	0	0
NEXTERA ENERGY INC	COM	65339F101	20,779	265,000	SH		SOLE		265,000	0	0
NICE LTD	SPONSORED ADR	653656108	1,682	8,935	SH		SOLE		8,935	0	0
NIKE INC	CL B	654106103	6,184	74,402	SH		SOLE		74,402	0	0
NISOURCE INC	COM	65473P105	11,008	437,000	SH		SOLE		437,000	0	0
NOKIA CORP	SPONSORED ADR	654902204	502	117,475	SH		SOLE		117,475	0	0
NORFOLK SOUTHN CORP	COM	655844108	23,271	111,000	SH		SOLE		111,000	0	0
NORTHROP GRUMMAN CORP	COM	666807102	22,621	48,098	SH		SOLE		48,098	0	0
NOVARTIS AG	SPONSORED ADR	66987V109	2,667	35,093	SH		SOLE		35,093	0	0
NVIDIA CORPORATION	COM	67066G104	48,849	402,415	SH		SOLE		402,415	0	0
OCCIDENTAL PETE CORP	COM	674599105	12,855	209,193	SH		SOLE		209,193	0	0
OFFICE PPTYS INCOME TR	COM SHS BEN INT	67623C109	137	9,717	SH		SOLE		9,717	0	0
OLD DOMINION FREIGHT LINE IN	COM	679580100	15,673	63,000	SH		SOLE		63,000	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	8,051	273,000	SH		SOLE		273,000	0	0
ORACLE CORP	COM	68389X105	25,405	416,000	SH		SOLE		416,000	0	0
ORION OFFICE REIT INC	COM	68629Y103	250	28,518	SH		SOLE		28,518	0	0
ORIX CORP	SPONSORED ADR	686330101	613	8,672	SH		SOLE		8,672	0	0
PALO ALTO NETWORKS INC	COM	697435105	24,159	147,500	SH		SOLE		147,500	0	0
PARAMOUNT GROUP INC	COM	69924R108	1,332	213,748	SH		SOLE		213,748	0	0
PARK HOTELS & RESORTS INC	COM	700517105	619	55,000	SH		SOLE		55,000	0	0
PARKER-HANNIFIN CORP	COM	701094104	16,962	70,000	SH		SOLE		70,000	0	0
PAYPAL HLDGS INC	COM	70450Y103	12,911	150,000	SH		SOLE		150,000	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	1,103	76,000	SH		SOLE		76,000	0	0
PEPSICO INC	COM	713448108	12,081	74,000	SH		SOLE		74,000	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	659	59,480	SH		SOLE		59,480	0	0
PETROLEO BRASILEIRO SA PETRO	SPONSORED ADR	71654V408	4,941	400,443	SH		SOLE		400,443	0	0
PFIZER INC	COM	717081103	46,356	1,059,329	SH		SOLE		1,059,329	0	0
PHILIP MORRIS INTL INC	COM	718172109	34,716	418,209	SH		SOLE		418,209	0	0
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	475	45,000	SH		SOLE		45,000	0	0
PIONEER NAT RES CO	COM	723787107	29,881	138,000	SH		SOLE		138,000	0	0
POPULAR INC	COM NEW	733174700	6,543	90,800	SH		SOLE		90,800	0	0
PROCTER AND GAMBLE CO	COM	742718109	64,378	509,928	SH		SOLE		509,928	0	0
PROLOGIS INC.	COM	74340W103	70,857	697,407	SH		SOLE		697,407	0	0
PUBLIC STORAGE	COM	74460D109	42,256	144,311	SH		SOLE		144,311	0	0
PULTE GROUP INC	COM	745867101	4,875	130,000	SH		SOLE		130,000	0	0
QUALCOMM INC	COM	747525103	29,149	258,000	SH		SOLE		258,000	0	0
QUANTA SVCS INC	COM	74762E102	24,077	189,000	SH		SOLE		189,000	0	0
RLJ LODGING TR	COM	74965L101	956	94,500	SH		SOLE		94,500	0	0
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	33,481	409,000	SH		SOLE		409,000	0	0
REALTY INCOME CORP	COM	756109104	30,857	530,183	SH		SOLE		530,183	0	0
REGENCY CTRS CORP	COM	758849103	8,081	150,060	SH		SOLE		150,060	0	0
REINSURANCE GRP OF AMERICA I	COM NEW	759351604	7,599	60,400	SH		SOLE		60,400	0	0
RELX PLC	SPONSORED ADR	759530108	1,227	50,456	SH		SOLE		50,456	0	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	176	12,800	SH		SOLE		12,800	0	0
REXFORD INDL RLTY INC	COM	76169C100	2,080	40,000	SH		SOLE		40,000	0	0
RIO TINTO PLC	SPONSORED ADR	767204100	4,783	86,872	SH		SOLE		86,872	0	0
ROYAL CARIBBEAN GROUP	NOTE 4.250% 6/1	780153BB7	98	100,000	PRN		SOLE		100,000	0	0
ROYAL CARIBBEAN GROUP	NOTE 2.875%11/1	780153BF8	95	100,000	PRN		SOLE		100,000	0	0
SHELL PLC	SPON ADS	780259305	13,685	275,029	SH		SOLE		275,029	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	1,429	19,412	SH		SOLE		19,412	0	0
S&P GLOBAL INC	COM	78409V104	17,710	58,000	SH		SOLE		58,000	0	0
SL GREEN RLTY CORP	COM	78440X887	1,803	44,898	SH		SOLE		44,898	0	0
SALESFORCE INC	COM	79466L302	19,131	133,000	SH		SOLE		133,000	0	0
SAP SE	SPON ADR	803054204	750	9,225	SH		SOLE		9,225	0	0
SAUL CTRS INC	COM	804395101	311	8,300	SH		SOLE		8,300	0	0
SCHLUMBERGER LTD	COM STK	806857108	2,983	83,098	SH		SOLE		83,098	0	0
SCHWAB CHARLES CORP	COM	808513105	23,937	333,055	SH		SOLE		333,055	0	0
SEAGEN INC	COM	81181C104	17,241	126,000	SH		SOLE		126,000	0	0
SERVICENOW INC	COM	81762P102	32,916	87,168	SH		SOLE		87,168	0	0
SHINHAN FINANCIAL GROUP CO L	SPN ADR RESTRD	824596100	821	35,698	SH		SOLE		35,698	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	14,950	166,579	SH		SOLE		166,579	0	0
SOCIEDAD QUIMICA Y MINERA DE	SPON ADR SER B	833635105	130	1,432	SH		SOLE		1,432	0	0
SOHU COM LTD	SPONSORED ADS	83410S108	116	7,222	SH		SOLE		7,222	0	0
SOUTHWEST AIRLS CO	COM	844741108	868	28,159	SH		SOLE		28,159	0	0
SPIRIT RLTY CAP INC NEW	COM NEW	84860W300	2,314	64,000	SH		SOLE		64,000	0	0
STAG INDL INC	COM	85254J102	4,037	142,000	SH		SOLE		142,000	0	0
STRYKER CORPORATION	COM	863667101	15,165	74,872	SH		SOLE		74,872	0	0
SUN CMNTYS INC	COM	866674104	7,443	55,000	SH		SOLE		55,000	0	0
SUNOPTA INC	COM	8676EP108	554	60,881	SH		SOLE		60,881	0	0
SUNSTONE HOTEL INVS INC NEW	COM	867892101	775	82,300	SH		SOLE		82,300	0	0
SYNOPSYS INC	COM	871607107	13,748	45,000	SH		SOLE		45,000	0	0
SYSCO CORP	COM	871829107	24,678	349,000	SH		SOLE		349,000	0	0
TJX COS INC NEW	COM	872540109	21,369	344,000	SH		SOLE		344,000	0	0
T-MOBILE US INC	COM	872590104	50,507	376,440	SH		SOLE		376,440	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	6,848	99,890	SH		SOLE		99,890	0	0
TAKE-TWO INTERACTIVE SOFTWAR	COM	874054109	16,132	148,000	SH		SOLE		148,000	0	0
TARGET CORP	COM	87612E106	5,130	34,572	SH		SOLE		34,572	0	0
TENARIS S A	SPONSORED ADS	88031M109	3,207	124,095	SH		SOLE		124,095	0	0
TERADYNE INC	COM	880770102	9,489	126,265	SH		SOLE		126,265	0	0
TERNIUM SA	SPONSORED ADS	880890108	433	15,791	SH		SOLE		15,791	0	0
TESLA INC	COM	88160R101	94,694	357,000	SH		SOLE		357,000	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	46,755	92,185	SH		SOLE		92,185	0	0
TOTALENERGIES SE	SPONSORED ADS	89151E109	996	21,400	SH		SOLE		21,400	0	0
TRANSDIGM GROUP INC	COM	893641100	13,121	25,000	SH		SOLE		25,000	0	0
TRIP COM GROUP LTD	ADS	89677Q107	2,627	96,183	SH		SOLE		96,183	0	0
TYSON FOODS INC	CL A	902494103	6,050	91,770	SH		SOLE		91,770	0	0
UDR INC	COM	902653104	11,992	287,513	SH		SOLE		287,513	0	0
UGI CORP NEW	COM	902681105	5,263	162,800	SH		SOLE		162,800	0	0
UNION PAC CORP	COM	907818108	7,014	36,000	SH		SOLE		36,000	0	0
UNITED RENTALS INC	COM	911363109	2,701	10,000	SH		SOLE		10,000	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	71,011	140,604	SH		SOLE		140,604	0	0
URBAN EDGE PPTYS	COM	91704F104	327	24,523	SH		SOLE		24,523	0	0
VANGUARD INTL EQUITY INDEX F	GLB EX US ETF	922042676	2,057	53,906	SH		SOLE		53,906	0	0
VENTAS INC	COM	92276F100	11,023	274,399	SH		SOLE		274,399	0	0
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	445,043	1,355,600	SH		SOLE		1,355,600	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	11,505	303,000	SH		SOLE		303,000	0	0
VERISK ANALYTICS INC	COM	92345Y106	13,472	79,000	SH		SOLE		79,000	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	23,453	81,000	SH		SOLE		81,000	0	0
VIATRIS INC	COM	92556V106	3,918	459,908	SH		SOLE		459,908	0	0
VICI PPTYS INC	COM	925652109	21,340	714,900	SH		SOLE		714,900	0	0
VIPSHOP HOLDINGS LIMITED	SPONSORED ADS A	92763W103	37	4,377	SH		SOLE		4,377	0	0
VISA INC	COM CL A	92826C839	34,808	195,935	SH		SOLE		195,935	0	0
VONTIER CORPORATION	COM	928881101	5,833	349,070	SH		SOLE		349,070	0	0
VORNADO RLTY TR	SH BEN INT	929042109	278	12,000	SH		SOLE		12,000	0	0
WNS HLDGS LTD	SPON ADR	92932M101	337	4,118	SH		SOLE		4,118	0	0
WP CAREY INC	COM	92936U109	3,525	50,500	SH		SOLE		50,500	0	0
WEC ENERGY GROUP INC	COM	92939U106	17,260	193,000	SH		SOLE		193,000	0	0
WALMART INC	COM	931142103	14,916	115,000	SH		SOLE		115,000	0	0
WASTE MGMT INC DEL	COM	94106L109	23,871	149,000	SH		SOLE		149,000	0	0
WELLS FARGO CO NEW	COM	949746101	52,253	1,299,170	SH		SOLE		1,299,170	0	0
XENIA HOTELS & RESORTS INC	COM	984017103	1,453	105,370	SH		SOLE		105,370	0	0
XENON PHARMACEUTICALS INC	COM	98420N105	578	16,001	SH		SOLE		16,001	0	0
ZEBRA TECHNOLOGIES CORPORATI	CL A	989207105	5,908	22,550	SH		SOLE		22,550	0	0
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	6,513	62,300	SH		SOLE		62,300	0	0
EURONAV NV	SHS	B38564108	550	35,725	SH		SOLE		35,725	0	0
AON PLC	SHS CL A	G0403H108	12,065	45,041	SH		SOLE		45,041	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	43,938	170,765	SH		SOLE		170,765	0	0
EATON CORP PLC	SHS	G29183103	25,205	189,000	SH		SOLE		189,000	0	0
EVEREST RE GROUP LTD	COM	G3223R108	5,994	22,838	SH		SOLE		22,838	0	0
FLEX LNG LTD	SHS	G35947202	653	20,629	SH		SOLE		20,629	0	0
GEOPARK LTD	USD SHS	G38327105	109	9,312	SH		SOLE		9,312	0	0
HORIZON THERAPEUTICS PUB L	SHS	G46188101	7,070	114,243	SH		SOLE		114,243	0	0
ICON PLC	SHS	G4705A100	2,459	13,380	SH		SOLE		13,380	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	7,052	52,910	SH		SOLE		52,910	0	0
LIBERTY GLOBAL PLC	SHS CL A	G5480U104	3,560	228,334	SH		SOLE		228,334	0	0
LINDE PLC	SHS	G5494J103	34,238	127,000	SH		SOLE		127,000	0	0
MEDTRONIC PLC	SHS	G5960L103	25,793	319,416	SH		SOLE		319,416	0	0
APTIV PLC	SHS	G6095L109	2,450	31,331	SH		SOLE		31,331	0	0
NOBLE CORP NEW	ORD SHS A	G65431127	6,239	210,925	SH		SOLE		210,925	0	0
WILLIS TOWERS WATSON PLC LTD	SHS	G96629103	33,015	164,302	SH		SOLE		164,302	0	0
ADC THERAPEUTICS SA	SHS	H0036K147	271	56,227	SH		SOLE		56,227	0	0
CHUBB LIMITED	COM	H1467J104	39,914	219,454	SH		SOLE		219,454	0	0
GLOBANT S A	COM	L44385109	2,381	12,725	SH		SOLE		12,725	0	0
NEXA RES S A	COM	L67359106	72	14,005	SH		SOLE		14,005	0	0
CHECK POINT SOFTWARE TECH LT	ORD	M22465104	4,365	38,964	SH		SOLE		38,964	0	0
COGNYTE SOFTWARE LTD	ORD SHS	M25133105	403	99,700	SH		SOLE		99,700	0	0
AERCAP HOLDINGS NV	SHS	N00985106	7,751	183,100	SH		SOLE		183,100	0	0
ASML HOLDING N V	N Y REGISTRY SHS	N07059210	3,170	7,633	SH		SOLE		7,633	0	0
NXP SEMICONDUCTORS N V	COM	N6596X109	24,929	169,000	SH		SOLE		169,000	0	0
INTERCORP FINL SVCS INC	SHS	P5626F128	70	3,500	SH		SOLE		3,500	0	0
SAFE BULKERS INC	COM	Y7388L103	73	29,484	SH		SOLE		29,484	0	0