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	38,193	1,984,060	SH		SOLE		1,984,060	0	0
ASE TECHNOLOGY HLDG CO LTD	SPONSORED ADS	00215W100	68	8,506	SH		SOLE		8,506	0	0
ACADIA RLTY TR	COM SH BEN INT	004239109	909	65,154	SH		SOLE		65,154	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	21,312	249,000	SH		SOLE		249,000	0	0
ADOBE SYSTEMS INCORPORATED	COM	00724F101	3,267	8,477	SH		SOLE		8,477	0	0
ADVANCED MICRO DEVICES INC	COM	007903107	3,446	35,159	SH		SOLE		35,159	0	0
AGNICO EAGLE MINES LTD	COM	008474108	1,518	29,789	SH		SOLE		29,789	0	0
AGREE RLTY CORP	COM	008492100	2,782	40,550	SH		SOLE		40,550	0	0
ALASKA AIR GROUP INC	COM	011659109	3,839	91,500	SH		SOLE		91,500	0	0
ALBEMARLE CORP	COM	012653101	19,452	88,000	SH		SOLE		88,000	0	0
ALEXANDER & BALDWIN INC NEW	COM	014491104	1,135	60,000	SH		SOLE		60,000	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	34,537	275,000	SH		SOLE		275,000	0	0
EA SERIES TRUST	STRIVE EMERGING	02072L698	97,837	3,948,742	SH		SOLE		3,948,742	0	0
ALPHABET INC	CAP STK CL C	02079K107	156,221	1,502,127	SH		SOLE		1,502,127	0	0
ALPHABET INC	CAP STK CL A	02079K305	68,919	664,403	SH		SOLE		664,403	0	0
AMAZON COM INC	COM	023135106	157,104	1,521,000	SH		SOLE		1,521,000	0	0
AMEREN CORP	COM	023608102	17,537	203,000	SH		SOLE		203,000	0	0
AMERICAN ASSETS TR INC	COM	024013104	855	46,000	SH		SOLE		46,000	0	0
AMERICAN ELEC PWR CO INC	COM	025537101	20,291	223,000	SH		SOLE		223,000	0	0
AMERICAN EXPRESS CO	COM	025816109	56,908	345,000	SH		SOLE		345,000	0	0
AMERICAN HOMES 4 RENT	CL A	02665T306	6,330	201,265	SH		SOLE		201,265	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	24,112	118,000	SH		SOLE		118,000	0	0
AMERICOLD REALTY TRUST INC	COM	03064D108	2,870	100,868	SH		SOLE		100,868	0	0
AMERIPRISE FINL INC	COM	03076C106	44,443	145,000	SH		SOLE		145,000	0	0
AMETEK INC	COM	031100100	30,380	209,044	SH		SOLE		209,044	0	0
ELEVANCE HEALTH INC	COM	036752103	4,237	9,215	SH		SOLE		9,215	0	0
APARTMENT INCOME REIT CORP	COM	03750L109	1,062	29,664	SH		SOLE		29,664	0	0
APPLE INC	COM	037833100	357,116	2,165,654	SH		SOLE		2,165,654	0	0
APPLE HOSPITALITY REIT INC	COM NEW	03784Y200	1,242	80,000	SH		SOLE		80,000	0	0
ARCELORMITTAL SA LUXEMBOURG	NY REGISTRY SH	03938L203	675	22,400	SH		SOLE		22,400	0	0
ARCH RESOURCES INC	CL A	03940R107	179	1,364	SH		SOLE		1,364	0	0
ASTRAZENECA PLC	SPONSORED ADR	046353108	9,171	132,126	SH		SOLE		132,126	0	0
ATMOS ENERGY CORP	COM	049560105	538	4,788	SH		SOLE		4,788	0	0
AUTOHOME INC	SP ADS RP CL A	05278C107	1,919	57,337	SH		SOLE		57,337	0	0
AUTOLIV INC	COM	052800109	4,309	46,158	SH		SOLE		46,158	0	0
AVALONBAY CMNTYS INC	COM	053484101	14,907	88,700	SH		SOLE		88,700	0	0
BP PLC	SPONSORED ADR	055622104	17,690	466,256	SH		SOLE		466,256	0	0
BAIN CAP SPECIALTY FIN INC	COM STK	05684B107	23,209	1,947,029	SH		SOLE		1,947,029	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	246	9,786	SH		SOLE		9,786	0	0
BANK AMERICA CORP	COM	060505104	5,799	202,755	SH		SOLE		202,755	0	0
BARCLAYS PLC	ADR	06738E204	490	68,188	SH		SOLE		68,188	0	0
BAXTER INTL INC	COM	071813109	3,783	93,275	SH		SOLE		93,275	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	10,838	35,100	SH		SOLE		35,100	0	0
BIOMARIN PHARMACEUTICAL INC	COM	09061G101	25,380	261,000	SH		SOLE		261,000	0	0
BIOGEN INC	COM	09062X103	20,296	73,000	SH		SOLE		73,000	0	0
BIONTECH SE	SPONSORED ADS	09075V102	2,198	17,646	SH		SOLE		17,646	0	0
BOOKING HOLDINGS INC	COM	09857L108	29,177	11,000	SH		SOLE		11,000	0	0
BOSTON PROPERTIES INC	COM	101121101	5,250	97,000	SH		SOLE		97,000	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	35,771	715,000	SH		SOLE		715,000	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	49,231	710,302	SH		SOLE		710,302	0	0
BRITISH AMERN TOB PLC	SPONSORED ADR	110448107	5,083	144,729	SH		SOLE		144,729	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	2,582	120,000	SH		SOLE		120,000	0	0
BROADSTONE NET LEASE INC	COM	11135E203	2,160	127,000	SH		SOLE		127,000	0	0
BROADCOM INC	COM	11135F101	67,733	105,579	SH		SOLE		105,579	0	0
CF INDS HLDGS INC	COM	125269100	15,078	208,000	SH		SOLE		208,000	0	0
CSX CORP	COM	126408103	19,132	639,000	SH		SOLE		639,000	0	0
CVS HEALTH CORP	COM	126650100	9,266	124,700	SH		SOLE		124,700	0	0
CADENCE DESIGN SYSTEM INC	COM	127387108	57,144	272,000	SH		SOLE		272,000	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	6,500	62,000	SH		SOLE		62,000	0	0
CANADIAN NAT RES LTD	COM	136385101	4,425	79,950	SH		SOLE		79,950	0	0
CARETRUST REIT INC	COM	14174T107	783	40,000	SH		SOLE		40,000	0	0
CATERPILLAR INC	COM	149123101	31,626	138,200	SH		SOLE		138,200	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	2,700	488,300	SH		SOLE		488,300	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	27,107	172,000	SH		SOLE		172,000	0	0
CHESAPEAKE ENERGY CORP	COM	165167735	8,619	113,352	SH		SOLE		113,352	0	0
CHEVRON CORP NEW	COM	166764100	5,371	32,920	SH		SOLE		32,920	0	0
CHIPOTLE MEXICAN GRILL INC	COM	169656105	30,749	18,000	SH		SOLE		18,000	0	0
CITIGROUP INC	COM NEW	172967424	15,567	331,990	SH		SOLE		331,990	0	0
COCA COLA CO	COM	191216100	89,757	1,447,000	SH		SOLE		1,447,000	0	0
CIA ENERGETICA DE MINAS GERA	SP ADR N-V PFD	204409601	298	133,074	SH		SOLE		133,074	0	0
COMPANIA CERVECERIAS UNIDAS	SPONSORED ADR	204429104	89	5,694	SH		SOLE		5,694	0	0
CONAGRA BRANDS INC	COM	205887102	6,205	165,200	SH		SOLE		165,200	0	0
CONOCOPHILLIPS	COM	20825C104	7,710	77,710	SH		SOLE		77,710	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	20,104	89,000	SH		SOLE		89,000	0	0
CORTEVA INC	COM	22052L104	28,587	474,000	SH		SOLE		474,000	0	0
COSTCO WHSL CORP NEW	COM	22160K105	50,755	102,149	SH		SOLE		102,149	0	0
COSTAR GROUP INC	COM	22160N109	223	3,234	SH		SOLE		3,234	0	0
COUSINS PPTYS INC	COM NEW	222795502	1,636	76,500	SH		SOLE		76,500	0	0
CROWDSTRIKE HLDGS INC	CL A	22788C105	2,411	17,566	SH		SOLE		17,566	0	0
CROWN HLDGS INC	COM	228368106	6,262	75,708	SH		SOLE		75,708	0	0
CUBESMART	COM	229663109	4,992	108,000	SH		SOLE		108,000	0	0
DANAHER CORPORATION	COM	235851102	53,180	211,000	SH		SOLE		211,000	0	0
DAQO NEW ENERGY CORP	SPNSRD ADS NEW	23703Q203	255	5,453	SH		SOLE		5,453	0	0
DEERE & CO	COM	244199105	32,281	78,185	SH		SOLE		78,185	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	7,840	224,504	SH		SOLE		224,504	0	0
DENTSPLY SIRONA INC	COM	24906P109	5,417	137,909	SH		SOLE		137,909	0	0
DIGITAL RLTY TR INC	COM	253868103	17,401	176,999	SH		SOLE		176,999	0	0
DISNEY WALT CO	COM	254687106	38,811	387,608	SH		SOLE		387,608	0	0
DISCOVER FINL SVCS	COM	254709108	32,914	333,000	SH		SOLE		333,000	0	0
DOLLAR GEN CORP NEW	COM	256677105	32,200	153,000	SH		SOLE		153,000	0	0
DOMINION ENERGY INC	COM	25746U109	6,094	109,000	SH		SOLE		109,000	0	0
ENI S P A	SPONSORED ADR	26874R108	152	5,412	SH		SOLE		5,412	0	0
EPR PPTYS	COM SH BEN INT	26884U109	1,943	51,000	SH		SOLE		51,000	0	0
EASTGROUP PPTYS INC	COM	277276101	3,141	19,000	SH		SOLE		19,000	0	0
EDISON INTL	COM	281020107	7,798	110,470	SH		SOLE		110,470	0	0
ELDORADO GOLD CORP NEW	COM	284902509	68	6,520	SH		SOLE		6,520	0	0
EMPIRE ST RLTY TR INC	CL A	292104106	1,168	180,000	SH		SOLE		180,000	0	0
ENDAVA PLC	ADS	29260V105	302	4,490	SH		SOLE		4,490	0	0
ENPHASE ENERGY INC	COM	29355A107	153	729	SH		SOLE		729	0	0
ENTERGY CORP NEW	COM	29364G103	13,683	127,000	SH		SOLE		127,000	0	0
EQUINIX INC	COM	29444U700	52,636	73,000	SH		SOLE		73,000	0	0
EQUINOR ASA	SPONSORED ADR	29446M102	130	4,587	SH		SOLE		4,587	0	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	5,706	85,000	SH		SOLE		85,000	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	13,801	230,020	SH		SOLE		230,020	0	0
ESSENTIAL PPTYS RLTY TR INC	COM	29670E107	1,317	53,000	SH		SOLE		53,000	0	0
ESSEX PPTY TR INC	COM	297178105	8,366	40,000	SH		SOLE		40,000	0	0
EXELON CORP	COM	30161N101	33,772	806,197	SH		SOLE		806,197	0	0
EXELIXIS INC	COM	30161Q104	2,019	104,000	SH		SOLE		104,000	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	12,383	76,000	SH		SOLE		76,000	0	0
EXXON MOBIL CORP	COM	30231G102	129,707	1,182,815	SH		SOLE		1,182,815	0	0
META PLATFORMS INC	CL A	30303M102	120,366	567,926	SH		SOLE		567,926	0	0
FANHUA INC	SPONSORED ADR	30712A103	145	16,657	SH		SOLE		16,657	0	0
FEDERAL RLTY INVT TR NEW	SH BEN INT NEW	313745101	5,930	60,000	SH		SOLE		60,000	0	0
FEDEX CORP	COM	31428X106	7,572	33,138	SH		SOLE		33,138	0	0
FIRST INDL RLTY TR INC	COM	32054K103	2,948	55,410	SH		SOLE		55,410	0	0
FIRSTENERGY CORP	COM	337932107	6,853	171,060	SH		SOLE		171,060	0	0
FLOOR & DECOR HLDGS INC	CL A	339750101	28,975	295,000	SH		SOLE		295,000	0	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	3,049	32,034	SH		SOLE		32,034	0	0
FORUM ENERGY TECHNOLOGIES IN	COM	34984V209	11,235	441,787	SH		SOLE		441,787	0	0
FORUM ENERGY TECHNOLOGIES IN	NOTE 9.000% 8/0	34984VAC4	12,757	13,040,567	PRN		SOLE		13,040,567	0	0
FOUR CORNERS PPTY TR INC	COM	35086T109	1,203	44,800	SH		SOLE		44,800	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	27,614	675,000	SH		SOLE		675,000	0	0
GALLAGHER ARTHUR J & CO	COM	363576109	42,662	223,000	SH		SOLE		223,000	0	0
GAMING & LEISURE PPTYS INC	COM	36467J108	3,132	60,164	SH		SOLE		60,164	0	0
GENERAL DYNAMICS CORP	COM	369550108	31,493	138,000	SH		SOLE		138,000	0	0
GENERAL MTRS CO	COM	37045V100	7,967	217,210	SH		SOLE		217,210	0	0
GENTHERM INC	COM	37253A103	13,369	221,269	SH		SOLE		221,269	0	0
GSK PLC	SPONSORED ADR	37733W204	8,516	239,341	SH		SOLE		239,341	0	0
GLOBAL PMTS INC	COM	37940X102	6,189	58,810	SH		SOLE		58,810	0	0
GRAINGER W W INC	COM	384802104	24,108	35,000	SH		SOLE		35,000	0	0
GRUPO AEROPORTUARIO DEL CENT	SPON ADR	400501102	3,920	43,794	SH		SOLE		43,794	0	0
HDFC BANK LTD	SPONSORED ADS	40415F101	4,600	68,996	SH		SOLE		68,996	0	0
HALEON PLC	SPON ADS	405552100	2,442	300,000	SH		SOLE		300,000	0	0
HALLIBURTON CO	COM	406216101	22,939	725,000	SH		SOLE		725,000	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	33,172	476,000	SH		SOLE		476,000	0	0
HEALTHCARE RLTY TR	CL A COM	42226K105	7,268	376,000	SH		SOLE		376,000	0	0
HEALTHPEAK PROPERTIES INC	COM	42250P103	6,599	300,344	SH		SOLE		300,344	0	0
HELLO GROUP INC	ADS	423403104	1,235	135,755	SH		SOLE		135,755	0	0
HERSHEY CO	COM	427866108	4,268	16,776	SH		SOLE		16,776	0	0
HESS CORP	COM	42809H107	22,498	170,000	SH		SOLE		170,000	0	0
HIGHWOODS PPTYS INC	COM	431284108	1,379	59,460	SH		SOLE		59,460	0	0
HIMAX TECHNOLOGIES INC	SPONSORED ADR	43289P106	694	85,322	SH		SOLE		85,322	0	0
HOME DEPOT INC	COM	437076102	67,150	227,535	SH		SOLE		227,535	0	0
HONDA MOTOR LTD	AMERN SHS	438128308	342	12,929	SH		SOLE		12,929	0	0
HONEYWELL INTL INC	COM	438516106	36,313	190,000	SH		SOLE		190,000	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	6,266	380,000	SH		SOLE		380,000	0	0
HOWARD HUGHES CORP	COM	44267D107	3,365	42,060	SH		SOLE		42,060	0	0
HUMANA INC	COM	444859102	4,221	8,695	SH		SOLE		8,695	0	0
HUNTINGTON INGALLS INDS INC	COM	446413106	1,257	6,070	SH		SOLE		6,070	0	0
ICICI BANK LIMITED	ADR	45104G104	4,234	196,195	SH		SOLE		196,195	0	0
INGREDION INC	COM	457187102	4,543	44,660	SH		SOLE		44,660	0	0
INSPIRE MED SYS INC	COM	457730109	23,173	99,000	SH		SOLE		99,000	0	0
INTUIT	COM	461202103	45,475	102,000	SH		SOLE		102,000	0	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	19,568	76,596	SH		SOLE		76,596	0	0
INVENTRUST PPTYS CORP	COM NEW	46124J201	1,521	65,000	SH		SOLE		65,000	0	0
INVITATION HOMES INC	COM	46187W107	8,588	275,000	SH		SOLE		275,000	0	0
IQIYI INC	SPONSORED ADS	46267X108	367	50,417	SH		SOLE		50,417	0	0
ITAU UNIBANCO HLDG S A	SPON ADR REP PFD	465562106	3,040	624,141	SH		SOLE		624,141	0	0
ITRON INC	COM	465741106	16,580	299,000	SH		SOLE		299,000	0	0
JBG SMITH PPTYS	COM	46590V100	904	60,000	SH		SOLE		60,000	0	0
JOYY INC	ADS REPSTG COM A	46591M109	19	604	SH		SOLE		604	0	0
JPMORGAN CHASE & CO	COM	46625H100	101,668	780,200	SH		SOLE		780,200	0	0
JOHNSON & JOHNSON	COM	478160104	80,269	517,862	SH		SOLE		517,862	0	0
KB FINL GROUP INC	SPONSORED ADR	48241A105	2,173	59,668	SH		SOLE		59,668	0	0
KE HLDGS INC	SPONSORED ADS	482497104	800	42,463	SH		SOLE		42,463	0	0
KT CORP	SPONSORED ADR	48268K101	357	31,468	SH		SOLE		31,468	0	0
KENNEDY-WILSON HOLDINGS INC	COM	489398107	1,742	105,000	SH		SOLE		105,000	0	0
KILROY RLTY CORP	COM	49427F108	2,495	77,000	SH		SOLE		77,000	0	0
KIMCO RLTY CORP	COM	49446R109	7,003	358,556	SH		SOLE		358,556	0	0
KITE RLTY GROUP TR	COM NEW	49803T300	1,883	90,000	SH		SOLE		90,000	0	0
KROGER CO	COM	501044101	14,066	284,910	SH		SOLE		284,910	0	0
LPL FINL HLDGS INC	COM	50212V100	36,837	182,000	SH		SOLE		182,000	0	0
LTC PPTYS INC	COM	502175102	1,194	34,000	SH		SOLE		34,000	0	0
LAM RESEARCH CORP	COM	512807108	4,708	8,881	SH		SOLE		8,881	0	0
LXP INDUSTRIAL TRUST	COM	529043101	2,000	193,994	SH		SOLE		193,994	0	0
LIFE STORAGE INC	COM	53223X107	4,981	38,000	SH		SOLE		38,000	0	0
LILLY ELI & CO	COM	532457108	66,654	194,089	SH		SOLE		194,089	0	0
LITHIA MTRS INC	COM	536797103	3,979	17,380	SH		SOLE		17,380	0	0
LULULEMON ATHLETICA INC	COM	550021109	192	527	SH		SOLE		527	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	38,468	866,000	SH		SOLE		866,000	0	0
MAGNA INTL INC	COM	559222401	2,919	54,490	SH		SOLE		54,490	0	0
MARATHON PETE CORP	COM	56585A102	47,325	351,000	SH		SOLE		351,000	0	0
MASTERCARD INCORPORATED	CL A	57636Q104	119,038	327,559	SH		SOLE		327,559	0	0
MCDONALDS CORP	COM	580135101	48,932	175,000	SH		SOLE		175,000	0	0
MEDICAL PPTYS TRUST INC	COM	58463J304	1,644	200,000	SH		SOLE		200,000	0	0
MERCK & CO INC	COM	58933Y105	58,453	549,424	SH		SOLE		549,424	0	0
MICROSOFT CORP	COM	594918104	274,524	952,216	SH		SOLE		952,216	0	0
MICRON TECHNOLOGY INC	COM	595112103	40,252	667,083	SH		SOLE		667,083	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	25,749	170,477	SH		SOLE		170,477	0	0
MONSTER BEVERAGE CORP NEW	COM	61174X109	15,015	278,000	SH		SOLE		278,000	0	0
MORGAN STANLEY	COM NEW	617446448	49,519	564,000	SH		SOLE		564,000	0	0
MOTOROLA SOLUTIONS INC	COM NEW	620076307	24,893	87,000	SH		SOLE		87,000	0	0
NCL CORP LTD	NOTE 6.000% 5/1	62886HAT8	243	200,000	PRN		SOLE		200,000	0	0
NRG ENERGY INC	COM NEW	629377508	6,192	180,570	SH		SOLE		180,570	0	0
NATIONAL RETAIL PROPERTIES I	COM	637417106	4,194	95,000	SH		SOLE		95,000	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	919	22,000	SH		SOLE		22,000	0	0
NETFLIX INC	COM	64110L106	20,729	60,000	SH		SOLE		60,000	0	0
NEW YORK CMNTY BANCORP INC	COM	649445103	7,576	838,017	SH		SOLE		838,017	0	0
NEWMONT CORP	COM	651639106	22,826	465,650	SH		SOLE		465,650	0	0
NEXTERA ENERGY INC	COM	65339F101	20,426	265,000	SH		SOLE		265,000	0	0
NICE LTD	SPONSORED ADR	653656108	1,302	5,689	SH		SOLE		5,689	0	0
NISOURCE INC	COM	65473P105	36,320	1,299,000	SH		SOLE		1,299,000	0	0
NOKIA CORP	SPONSORED ADR	654902204	577	117,475	SH		SOLE		117,475	0	0
NORTHROP GRUMMAN CORP	COM	666807102	59,562	129,000	SH		SOLE		129,000	0	0
MINISO GROUP HLDG LTD	SPONSORED ADS	66981J102	937	52,816	SH		SOLE		52,816	0	0
NOVARTIS AG	SPONSORED ADR	66987V109	2,656	28,874	SH		SOLE		28,874	0	0
NVIDIA CORPORATION	COM	67066G104	156,280	562,625	SH		SOLE		562,625	0	0
OLD DOMINION FREIGHT LINE IN	COM	679580100	21,473	63,000	SH		SOLE		63,000	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	1,535	56,000	SH		SOLE		56,000	0	0
ORGANON & CO	COMMON STOCK	68622V106	1,034	43,950	SH		SOLE		43,950	0	0
ORIX CORP	SPONSORED ADR	686330101	565	6,882	SH		SOLE		6,882	0	0
PALO ALTO NETWORKS INC	COM	697435105	59,922	300,000	SH		SOLE		300,000	0	0
PARAMOUNT GROUP INC	COM	69924R108	1,034	226,700	SH		SOLE		226,700	0	0
PARK HOTELS & RESORTS INC	COM	700517105	3,275	265,000	SH		SOLE		265,000	0	0
PARKER-HANNIFIN CORP	COM	701094104	23,528	70,000	SH		SOLE		70,000	0	0
PAYCOM SOFTWARE INC	COM	70432V102	116	382	SH		SOLE		382	0	0
PAYLOCITY HLDG CORP	COM	70438V106	152	766	SH		SOLE		766	0	0
PAYPAL HLDGS INC	COM	70450Y103	546	7,194	SH		SOLE		7,194	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	1,558	111,000	SH		SOLE		111,000	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	552	59,480	SH		SOLE		59,480	0	0
PETROLEO BRASILEIRO SA PETRO	SPONSORED ADR	71654V408	4,366	418,568	SH		SOLE		418,568	0	0
PFIZER INC	COM	717081103	5,955	145,952	SH		SOLE		145,952	0	0
PHILIP MORRIS INTL INC	COM	718172109	9,109	93,669	SH		SOLE		93,669	0	0
PHILLIPS EDISON & CO INC	COMMON STOCK	71844V201	1,337	41,000	SH		SOLE		41,000	0	0
PHYSICIANS RLTY TR	COM	71943U104	1,493	100,000	SH		SOLE		100,000	0	0
PDD HOLDINGS INC	SPONSORED ADS	722304102	2,181	28,730	SH		SOLE		28,730	0	0
PROCTER AND GAMBLE CO	COM	742718109	75,821	509,928	SH		SOLE		509,928	0	0
PROGRESSIVE CORP	COM	743315103	1,062	7,424	SH		SOLE		7,424	0	0
PROLOGIS INC.	COM	74340W103	100,372	804,455	SH		SOLE		804,455	0	0
PUBLIC STORAGE	COM	74460D109	41,789	138,311	SH		SOLE		138,311	0	0
QUANTA SVCS INC	COM	74762E102	31,495	189,000	SH		SOLE		189,000	0	0
REALTY INCOME CORP	COM	756109104	30,912	488,183	SH		SOLE		488,183	0	0
REGENCY CTRS CORP	COM	758849103	4,592	75,060	SH		SOLE		75,060	0	0
REINSURANCE GRP OF AMERICA I	COM NEW	759351604	3,552	26,754	SH		SOLE		26,754	0	0
RELX PLC	SPONSORED ADR	759530108	1,637	50,456	SH		SOLE		50,456	0	0
REXFORD INDL RLTY INC	COM	76169C100	8,053	135,000	SH		SOLE		135,000	0	0
RIO TINTO PLC	SPONSORED ADR	767204100	437	6,368	SH		SOLE		6,368	0	0
ROYAL CARIBBEAN GROUP	NOTE 4.250% 6/1	780153BB7	101	100,000	PRN		SOLE		100,000	0	0
ROYAL CARIBBEAN GROUP	NOTE 2.875%11/1	780153BF8	103	100,000	PRN		SOLE		100,000	0	0
SHELL PLC	SPON ADS	780259305	9,747	169,397	SH		SOLE		169,397	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	1,742	19,412	SH		SOLE		19,412	0	0
S&P GLOBAL INC	COM	78409V104	690	2,000	SH		SOLE		2,000	0	0
SPDR SER TR	S&P BIOTECH	78464A870	6,783	89,000	SH		SOLE		89,000	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	713	62,000	SH		SOLE		62,000	0	0
SALESFORCE INC	COM	79466L302	60,933	305,000	SH		SOLE		305,000	0	0
SAP SE	SPON ADR	803054204	492	3,889	SH		SOLE		3,889	0	0
SCHLUMBERGER LTD	COM STK	806857108	6,570	133,815	SH		SOLE		133,815	0	0
SCHWAB CHARLES CORP	COM	808513105	5,007	95,595	SH		SOLE		95,595	0	0
SEAGEN INC	COM	81181C104	32,800	162,000	SH		SOLE		162,000	0	0
SERVICENOW INC	COM	81762P102	78,093	168,044	SH		SOLE		168,044	0	0
SHINHAN FINANCIAL GROUP CO L	SPN ADR RESTRD	824596100	962	35,698	SH		SOLE		35,698	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	19,548	174,579	SH		SOLE		174,579	0	0
SITE CTRS CORP	COM	82981J109	1,719	140,000	SH		SOLE		140,000	0	0
SNOWFLAKE INC	CL A	833445109	1,617	10,479	SH		SOLE		10,479	0	0
SOHU COM LTD	SPONSORED ADS	83410S108	231	15,711	SH		SOLE		15,711	0	0
SPIRIT RLTY CAP INC NEW	COM NEW	84860W300	2,948	74,000	SH		SOLE		74,000	0	0
STAG INDL INC	COM	85254J102	2,604	77,000	SH		SOLE		77,000	0	0
STRYKER CORPORATION	COM	863667101	42,455	148,720	SH		SOLE		148,720	0	0
SUN CMNTYS INC	COM	866674104	10,848	77,000	SH		SOLE		77,000	0	0
SUNSTONE HOTEL INVS INC NEW	COM	867892101	1,482	150,000	SH		SOLE		150,000	0	0
SYNEOS HEALTH INC	CL A	87166B102	3,253	91,320	SH		SOLE		91,320	0	0
SYSCO CORP	COM	871829107	26,953	349,000	SH		SOLE		349,000	0	0
TJX COS INC NEW	COM	872540109	39,258	501,000	SH		SOLE		501,000	0	0
T-MOBILE US INC	COM	872590104	56,496	390,057	SH		SOLE		390,057	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	5,496	59,080	SH		SOLE		59,080	0	0
TAKE-TWO INTERACTIVE SOFTWAR	COM	874054109	17,656	148,000	SH		SOLE		148,000	0	0
TAKEDA PHARMACEUTICAL CO LTD	SPONSORED ADS	874060205	652	39,577	SH		SOLE		39,577	0	0
TAL EDUCATION GROUP	SPONSORED ADS	874080104	532	83,024	SH		SOLE		83,024	0	0
TARGET CORP	COM	87612E106	42,407	256,032	SH		SOLE		256,032	0	0
TENARIS S A	SPONSORED ADS	88031M109	2,734	96,186	SH		SOLE		96,186	0	0
TENCENT MUSIC ENTMT GROUP	SPON ADS	88034P109	167	20,220	SH		SOLE		20,220	0	0
TERADYNE INC	COM	880770102	6,877	63,965	SH		SOLE		63,965	0	0
TERNIUM SA	SPONSORED ADS	880890108	652	15,791	SH		SOLE		15,791	0	0
TERRENO RLTY CORP	COM	88146M101	2,907	45,000	SH		SOLE		45,000	0	0
TESLA INC	COM	88160R101	74,063	357,000	SH		SOLE		357,000	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	66,966	116,185	SH		SOLE		116,185	0	0
TOTALENERGIES SE	SPONSORED ADS	89151E109	2,868	48,574	SH		SOLE		48,574	0	0
TRANSDIGM GROUP INC	COM	893641100	26,534	36,000	SH		SOLE		36,000	0	0
TRIP COM GROUP LTD	ADS	89677Q107	584	15,494	SH		SOLE		15,494	0	0
TYSON FOODS INC	CL A	902494103	7,431	125,270	SH		SOLE		125,270	0	0
UDR INC	COM	902653104	8,110	197,513	SH		SOLE		197,513	0	0
UGI CORP NEW	COM	902681105	4,096	117,850	SH		SOLE		117,850	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	68,830	145,645	SH		SOLE		145,645	0	0
VANGUARD TAX-MANAGED FDS	VAN FTSE DEV MKT	921943858	9,034	200,000	SH		SOLE		200,000	0	0
VANGUARD INTL EQUITY INDEX F	GLB EX US ETF	922042676	4,098	101,000	SH		SOLE		101,000	0	0
VENTAS INC	COM	92276F100	9,381	216,399	SH		SOLE		216,399	0	0
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	484,792	1,289,100	SH		SOLE		1,289,100	0	0
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	2,176	26,200	PRN		SOLE		26,200	0	0
VIATRIS INC	COM	92556V106	3,203	332,938	SH		SOLE		332,938	0	0
VICI PPTYS INC	COM	925652109	25,767	789,900	SH		SOLE		789,900	0	0
VIPSHOP HOLDINGS LIMITED	SPONSORED ADS A	92763W103	1,713	112,831	SH		SOLE		112,831	0	0
VISA INC	COM CL A	92826C839	5,572	24,712	SH		SOLE		24,712	0	0
VONTIER CORPORATION	COM	928881101	4,992	182,590	SH		SOLE		182,590	0	0
VOYA FINANCIAL INC	COM	929089100	43,162	604,000	SH		SOLE		604,000	0	0
WNS HLDGS LTD	SPON ADR	92932M101	466	4,999	SH		SOLE		4,999	0	0
WP CAREY INC	COM	92936U109	5,925	76,500	SH		SOLE		76,500	0	0
WEC ENERGY GROUP INC	COM	92939U106	18,294	193,000	SH		SOLE		193,000	0	0
WASTE MGMT INC DEL	COM	94106L109	45,361	278,000	SH		SOLE		278,000	0	0
WATERDROP INC	ADS	94132V105	275	91,845	SH		SOLE		91,845	0	0
WEIBO CORP	SPONSORED ADR	948596101	2,006	100,005	SH		SOLE		100,005	0	0
WELLS FARGO CO NEW	COM	949746101	57,653	1,542,340	SH		SOLE		1,542,340	0	0
WELLTOWER INC	COM	95040Q104	16,847	235,000	SH		SOLE		235,000	0	0
WORKDAY INC	CL A	98138H101	1,902	9,207	SH		SOLE		9,207	0	0
XENIA HOTELS & RESORTS INC	COM	984017103	725	55,370	SH		SOLE		55,370	0	0
YOUDAO INC	SPONSORED ADS	98741T104	90	10,634	SH		SOLE		10,634	0	0
ZEBRA TECHNOLOGIES CORPORATI	CL A	989207105	5,193	16,330	SH		SOLE		16,330	0	0
AON PLC	SHS CL A	G0403H108	4,959	15,728	SH		SOLE		15,728	0	0
AXIS CAP HLDGS LTD	SHS	G0692U109	1,705	31,280	SH		SOLE		31,280	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	59,381	207,765	SH		SOLE		207,765	0	0
EATON CORP PLC	SHS	G29183103	32,383	189,000	SH		SOLE		189,000	0	0
EVEREST RE GROUP LTD	COM	G3223R108	7,305	20,403	SH		SOLE		20,403	0	0
GEOPARK LTD	USD SHS	G38327105	106	9,312	SH		SOLE		9,312	0	0
HORIZON THERAPEUTICS PUB L	SHS	G46188101	3,006	27,542	SH		SOLE		27,542	0	0
ICON PLC	SHS	G4705A100	25,413	118,982	SH		SOLE		118,982	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	6,787	46,380	SH		SOLE		46,380	0	0
LIBERTY GLOBAL PLC	SHS CL A	G5480U104	4,453	228,334	SH		SOLE		228,334	0	0
MALLINCKRODT PLC	ORD SHS	G5890A102	224	30,685	SH		SOLE		30,685	0	0
MEDTRONIC PLC	SHS	G5960L103	64,636	801,738	SH		SOLE		801,738	0	0
APTIV PLC	SHS	G6095L109	3,515	31,331	SH		SOLE		31,331	0	0
WILLIS TOWERS WATSON PLC LTD	SHS	G96629103	14,987	64,492	SH		SOLE		64,492	0	0
CHUBB LIMITED	COM	H1467J104	8,379	43,149	SH		SOLE		43,149	0	0
GLOBANT S A	COM	L44385109	2,498	15,232	SH		SOLE		15,232	0	0
CHECK POINT SOFTWARE TECH LT	ORD	M22465104	5,713	43,949	SH		SOLE		43,949	0	0
INMODE LTD	SHS	M5425M103	604	18,900	SH		SOLE		18,900	0	0
ZIM INTEGRATED SHIPPING SERV	SHS	M9T951109	153	6,468	SH		SOLE		6,468	0	0
AERCAP HOLDINGS NV	SHS	N00985106	7,453	132,550	SH		SOLE		132,550	0	0
ASML HOLDING N V	N Y REGISTRY SHS	N07059210	3,178	4,668	SH		SOLE		4,668	0	0
FERRARI N V	COM	N3167Y103	724	2,672	SH		SOLE		2,672	0	0
NXP SEMICONDUCTORS N V	COM	N6596X109	31,514	169,000	SH		SOLE		169,000	0	0
SAFE BULKERS INC	COM	Y7388L103	109	29,484	SH		SOLE		29,484	0	0