Daiwa Securities (DSECF) 13F-HR/A Quarterly holdings report by institutional manager (amended)

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
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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
ACADIA RLTY TR	COM SH BEN INT	004239109	38	1,441	SH		SOLE	3	1,441	0	0
AMREIT INC	NEW CL B	03216B208	8	500	SH		SOLE	3	500	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	313	22,900	SH		SOLE	3	22,900	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	24,259	1,774,617	SH		SOLE	3	1,774,617	0	0
BANCO SANTANDER BRASIL S A	ADS REP 1 UNIT	05967A107	30	5,400	SH		SOLE	3	5,400	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	34	600	SH		SOLE	3	600	0	0
BERKSHIRE HATHAWAY INC	DEL CL B NEW	084670702	3,787	30,300	SH		SOLE	3	30,300	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	58	4,000	SH		SOLE	3	4,000	0	0
BRASKEM S A SP	ADR PFD A	105532105	5	300	SH		SOLE	3	300	0	0
BRASKEM S A SP	ADR PFD A	105532105	226	14,500	SH		SOLE	3	14,500	0	0
BROWN FORMAN CORP	CL B	115637209	332	3,700	SH		SOLE	3	3,700	0	0
CABLEVISION SYS CORP	CL A NY CABLVS	12686C109	111	6,600	SH		SOLE	3	6,600	0	0
CAMDEN PPTY	TR SH BEN INT	133131102	296	4,400	SH		SOLE	3	4,400	0	0
CARNIVAL CORP	PAIRED CTF	143658300	398	10,500	SH		SOLE	3	10,500	0	0
CBS CORP NEW	CL B	124857202	16,517	267,271	SH		SOLE	3	267,271	0	0
CELANESE CORP	DEL COM SER A	150870103	244	4,400	SH		SOLE	3	4,400	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	60	4,716	SH		SOLE	3	4,716	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	262	20,748	SH		SOLE	3	20,748	0	0
CENTRAIS ELETRICAS BRASILEIR	SPON ADR PFD B	15234Q108	5	1,000	SH		SOLE	3	1,000	0	0
CHARTER COMMUNICATIONS INC	D CL A NEW	16117M305	172	1,400	SH		SOLE	3	1,400	0	0
CHESAPEAKE LODGING	TR SH BEN INT	165240102	33	1,300	SH		SOLE	3	1,300	0	0
CHINA LIFE INS CO LTD	SPON ADR REP H	16939P106	1,726	40,648	SH		DFND	2	40,648	0	0
CHINA LIFE INS CO LTD	SPON ADR REP H	16939P106	402	9,500	SH		SOLE	3	9,500	0	0
CHUNGHWA TELECOM CO LTD	SPON ADR NEW11	17133Q502	43	1,400	SH		SOLE	3	1,400	0	0
COMCAST CORP	NEW CL A SPL	20030N200	634	13,000	SH		SOLE	3	13,000	0	0
COMMONWEALTH REIT	COM SH BEN INT	203233101	76	2,875	SH		SOLE	3	2,875	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	193	28,323	SH		SOLE	3	28,323	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	1,777	261,299	SH		SOLE	3	261,299	0	0
COMPANHIA PARANAENSE ENERG	C SPON ADR PFD	20441B407	5	400	SH		SOLE	3	400	0	0
COMPANHIA PARANAENSE ENERG	C SPON ADR PFD	20441B407	79	6,000	SH		SOLE	3	6,000	0	0
CORPORATE OFFICE PPTYS	TR SH BEN INT	22002T108	90,770	3,407,269	SH		OTR	3	3,407,269	0	0
CORPORATE OFFICE PPTYS	TR SH BEN INT	22002T108	59	2,200	SH		SOLE	3	2,200	0	0
DISCOVERY COMMUNICATNS	NEW COM SER C	25470F302	188	2,440	SH		SOLE	3	2,440	0	0
DISCOVERY COMMUNICATNS NEW	COM SER A	25470F104	301	3,640	SH		SOLE	3	3,640	0	0
DISNEY WALT CO	COM DISNEY	254687106	240	3,000	SH		OTR	3	3,000	0	0
DISNEY WALT CO	COM DISNEY	254687106	4,420	55,200	SH		SOLE	3	55,200	0	0
EATON VANCE CORP	COM NON VTG	278265103	183	4,800	SH		SOLE	3	4,800	0	0
ECOPETROL S A	SPONSORED ADS	279158109	29	700	SH		SOLE	3	700	0	0
EPR PPTYS COM SH	BEN INT	26884U109	75	1,400	SH		SOLE	3	1,400	0	0
FEDERAL REALTY INVT	TR SH BEN INT NEW	313747206	233,880	2,038,702	SH		OTR	3	2,038,702	0	0
FEDERAL REALTY INVT	TR SH BEN INT NEW	313747206	447	3,900	SH		SOLE	3	3,900	0	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	75	800	SH		SOLE	3	800	0	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	242	2,600	SH		SOLE	3	2,600	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	248	15,900	SH		OTR	3	15,900	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,545	99,023	SH		SOLE	3	99,023	0	0
GERDAU S A SPON	ADR REP PFD	373737105	23	3,600	SH		SOLE	3	3,600	0	0
GERDAU S A SPON	ADR REP PFD	373737105	9,886	1,542,200	SH		SOLE	3	1,542,200	0	0
GLIMCHER RLTY	TR SH BEN INT	379302102	15,894	1,584,643	SH		OTR	3	1,584,643	0	0
GLIMCHER RLTY	TR SH BEN INT	379302102	39	3,900	SH		SOLE	3	3,900	0	0
GOVERNMENT PPTYS INCOME	TR COM SHS BEN INT	38376A103	35	1,400	SH		SOLE	3	1,400	0	0
GPO AEROPORTUARIO DEL	PAC SA SPON ADR B	400506101	18	300	SH		SOLE	3	300	0	0
GRUPO AEROPORTUARIO DEL SURE	SPON ADR SER B	40051E202	25	200	SH		SOLE	3	200	0	0
GRUPO FINANCIERO SANTANDER M	SPON ADR SHS B	40053C105	26	2,100	SH		SOLE	3	2,100	0	0
GRUPO FINANCIERO SANTANDER M	SPON ADR SHS B	40053C105	34	2,800	SH		SOLE	3	2,800	0	0
HERSHA HOSPITALITY TR	SH BEN INT A	427825104	29	5,000	SH		SOLE	3	5,000	0	0
HOSPITALITY PPTYS TR	COM SH BEN INT	44106M102	109	3,800	SH		SOLE	3	3,800	0	0
HSBC HLDGS	PLC SPON ADR NEW	404280406	242	4,778	SH		DFND	2	4,778	0	0
IAC INTERACTIVECORP COM	PAR $.001	44919P508	3,705	51,900	SH		SOLE	3	51,900	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	25	2,800	SH		SOLE	3	2,800	0	0
ISHARES	MSCI CDA ETF	464286509	66	2,250	SH		SOLE	3	2,250	0	0
ISHARES	MSCI PAC JP ETF	464286665	80	1,660	SH		SOLE	3	1,660	0	0
ISHARES	MSCI UK ETF	464286699	206	10,000	SH		SOLE	3	10,000	0	0
ISHARES	MSCI GERMANY ETF	464286806	345	11,000	SH		SOLE	3	11,000	0	0
ISHARES	MSCI EMG MKT ETF	464287234	607	14,800	SH		SOLE	3	14,800	0	0
ISHARES	INTL SEL DIV ETF	464288448	507	13,130	SH		SOLE	3	13,130	0	0
ISHARES	IBOXX HI YD ETF	464288513	65,120	689,900	SH		SOLE	3	689,900	0	0
ITAU UNIBANCO HLDG SA	SPON ADR REP PFD	465562106	211	14,210	SH		SOLE	3	14,210	0	0
ITAU UNIBANCO HLDG SA	SPON ADR REP PFD	465562106	20,660	1,390,294	SH		SOLE	3	1,390,294	0	0
LASALLE HOTEL PPTYS COM	SH BEN INT	517942108	3,706	118,358	SH		OTR	3	118,358	0	0
LASALLE HOTEL PPTYS COM	SH BEN INT	517942108	85	2,700	SH		SOLE	3	2,700	0	0
LG DISPLAY CO LTD	SPONS ADR REP	50186V102	26	2,100	SH		SOLE	3	2,100	0	0
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	619	15,209	SH		SOLE	3	15,209	0	0
LIBERTY INTERACTIVE CORP INT	COM SER A	53071M104	400	13,850	SH		SOLE	3	13,850	0	0
LIBERTY PPTY	TR SH BEN INT	531172104	2,934	79,370	SH		OTR	3	79,370	0	0
LIBERTY PPTY	TR SH BEN INT	531172104	307	8,300	SH		SOLE	3	8,300	0	0
LYONDELLBASELL INDUSTRIES	N SHS - A -	N53745100	1,103	12,400	SH		SOLE	3	12,400	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	258	3,600	SH		SOLE	3	3,600	0	0
MOLSON COORS BREWING CO	CL B	60871R209	247	4,200	SH		SOLE	3	4,200	0	0
NATIONAL BK GREECE S A	SPN ADR REP 1 SH	633643705	24	4,400	SH		SOLE	3	4,400	0	0
NIKE INC	CL B	654106103	1,462	19,800	SH		SOLE	3	19,800	0	0
OI S.A. SPN	ADR REP PFD	670851203	3	1,900	SH		SOLE	3	1,900	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	32	1,800	SH		SOLE	3	1,800	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	82	5,900	SH		SOLE	3	5,900	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	9,885	712,700	SH		SOLE	3	712,700	0	0
POWERSHARES DB CMDTY	IDX TRA UNIT BEN INT	73935S105	102	3,900	SH		SOLE	3	3,900	0	0
POWERSHARES GLOBAL	ETF TRUST EMER MRKT PORT	73936T763	477	24,000	SH		SOLE	3	24,000	0	0
RAMCO-GERSHENSON PPTYS	TR COM SH BEN INT	751452202	14,603	895,879	SH		OTR	3	895,879	0	0
RAMCO-GERSHENSON PPTYS	TR COM SH BEN INT	751452202	28	1,700	SH		SOLE	3	1,700	0	0
SELECT INCOME REIT	COM SH BEN INT	81618T100	21	700	SH		SOLE	3	700	0	0
SENIOR HSG PPTYS	TR SH BEN INT	81721M109	789	35,093	SH		OTR	3	35,093	0	0
SENIOR HSG PPTYS	TR SH BEN INT	81721M109	110	4,900	SH		SOLE	3	4,900	0	0
SILICONWARE PRECISION INDS	L SPONSD ADR SPL	827084864	18	2,700	SH		SOLE	3	2,700	0	0
SINOPEC SHANGHAI PETROCHEMIC	SPON ADR H	82935M109	17	650	SH		SOLE	3	650	0	0
SOCIEDAD QUIMICA MINERA DE C	SPON ADR SER B	833635105	13	400	SH		SOLE	3	400	0	0
SPDR DOW JONES INDL AVRG	ETF UT SER 1	78467X109	411	2,500	SH		SOLE	3	2,500	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	1,305	6,980	SH		SOLE	3	6,980	0	0
SPRINT CORP	COM SER 1	85207U105	256	27,879	SH		SOLE	3	27,879	0	0
TURKCELL ILETISIM HIZMETLERI SPON	ADR NEW	900111204	33	2,400	SH		SOLE	3	2,400	0	0
TWENTY FIRST CENTY FOX INC	CL B	90130A200	367	11,800	SH		SOLE	3	11,800	0	0
UNITED MICROELECTRONICS CORP	SPON ADR NEW	910873405	23	11,000	SH		SOLE	3	11,000	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	88	900	SH		OTR	3	900	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	1,899	19,500	SH		SOLE	3	19,500	0	0
UNIVERSAL HEALTH RLTY	INCM T SH BEN INT	91359E105	13	300	SH		SOLE	3	300	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	222	2,700	SH		OTR	3	2,700	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	164	2,000	SH		SOLE	3	2,000	0	0
VALE S A	ADR REPSTG PFD	91912E204	100	8,000	SH		SOLE	3	8,000	0	0
VALE S A	ADR REPSTG PFD	91912E204	10,346	831,000	SH		SOLE	3	831,000	0	0
VANGUARD INTL EQUITY INDEX	F FTSE EMR MKT ETF	922042858	284	7,000	SH		SOLE	3	7,000	0	0
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	249	3,950	SH		SOLE	3	3,950	0	0
VIACOM INC	NEW CL B	92553P201	17,038	200,471	SH		SOLE	3	200,471	0	0
VORNADO RLTY TR	SH BEN INT	929042109	625,395	6,345,327	SH		OTR	3	6,345,327	0	0
VORNADO RLTY TR	SH BEN INT	929042109	894	9,069	SH		SOLE	3	9,069	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	41	1,700	SH		SOLE	3	1,700	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	199,600	6,653,324	SH		OTR	3	6,653,324	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	87	2,900	SH		SOLE	3	2,900	0	0
WINTHROP RLTY TR	SH BEN INT NEW	976391300	10	860	SH		SOLE	3	860	0	0
***ERROR:MISSING***	***MISSING***	97651M109	37	2,796	SH		SOLE	3	2,796	0	0
3-D SYS CORP	COM NEW	88554D205	591	10,000	SH		DFND	1,2	10,000	0	0
3M	COM	88579Y101	3,337	24,600	SH		SOLE	3	24,600	0	0
ABBOTT	COM	002824100	1,590	41,300	SH		SOLE	3	41,300	0	0
ABBVIE	COM	00287Y109	195	3,800	SH		OTR	3	3,800	0	0
ABBVIE	COM	00287Y109	2,241	43,600	SH		SOLE	3	43,600	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	80	1,000	SH		OTR	3	1,000	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	1,387	17,400	SH		SOLE	3	17,400	0	0
ACE	SHS	H0023R105	901	9,100	SH		SOLE	3	9,100	0	0
ACTIVISION BLIZZARD	COM	00507V109	241	11,800	SH		SOLE	3	11,800	0	0
ADOBE SYS	COM	00724F101	841	12,800	SH		SOLE	3	12,800	0	0
ADVANCE AUTO PARTS	COM	00751Y106	234	1,850	SH		SOLE	3	1,850	0	0
ADVANCED SEMICONDUCTOR ENGR	ADR	00756M404	31	5,600	SH		SOLE	3	5,600	0	0
AES	COM	00130H105	268	18,800	SH		SOLE	3	18,800	0	0
AETNA INC	COM	00817Y108	165	2,200	SH		OTR	3	2,200	0	0
AETNA INC	COM	00817Y108	725	9,673	SH		SOLE	3	9,673	0	0
AFFILIATED MANAGERS	COM	008252108	240	1,200	SH		SOLE	3	1,200	0	0
AFLAC	COM	001055102	820	13,000	SH		SOLE	3	13,000	0	0
AGCO	COM	001084102	299	5,431	SH		DFND	4,1,2	5,431	0	0
AGCO	COM	001084102	165	3,000	SH		SOLE	3	3,000	0	0
AGILENT TECHNOLOGIES	COM	00846U101	497	8,890	SH		SOLE	3	8,890	0	0
AGREE REALTY	COM	008492100	12	400	SH		SOLE	3	400	0	0
AIR PRODS & CHEMS	COM	009158106	679	5,700	SH		SOLE	3	5,700	0	0
AIRGAS	COM	009363102	213	2,000	SH		SOLE	3	2,000	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	279	4,800	SH		SOLE	3	4,800	0	0
ALASKA AIR GROUP	COM	011659109	93	1,000	SH		OTR	3	1,000	0	0
ALASKA AIR GROUP	COM	011659109	7,623	81,700	SH		SOLE	3	81,700	0	0
ALBEMARLE	COM	012653101	146	2,200	SH		SOLE	3	2,200	0	0
ALCOA	COM	013817101	372	28,900	SH		SOLE	3	28,900	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	11,676	160,911	SH		OTR	3	160,911	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	145	2,000	SH		SOLE	3	2,000	0	0
ALEXION PHARMACEUTICALS	COM	015351109	806	5,300	SH		SOLE	3	5,300	0	0
ALLEGHANY CORP	COM	017175100	163	400	SH		SOLE	3	400	0	0
ALLERGAN	COM	018490102	993	8,000	SH		SOLE	3	8,000	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	354	1,300	SH		SOLE	3	1,300	0	0
ALLIANT ENERGY	COM	018802108	216	3,800	SH		SOLE	3	3,800	0	0
ALLIANT TECHSYSTEMS INC	NOTE 3.000% 8/1	018804AK0	9,324	5,000,000	PRN		DFND	4,1,2	5,000,000	0	0
ALLSTATE	COM	020002101	696	12,300	SH		SOLE	3	12,300	0	0
ALTERA	COM	021441100	341	9,400	SH		SOLE	3	9,400	0	0
ALTRIA GROUP	COM	02209S103	2,029	54,200	SH		SOLE	3	54,200	0	0
ALUMINUM CORP CHINA LTD SPON ADR	SHS	022276109	26	3,000	SH		SOLE	3	3,000	0	0
AMAZON COM	COM	023135106	740	2,200	SH		DFND	1,2	2,200	0	0
AMAZON COM	COM	023135106	3,364	10,000	SH		SOLE	3	10,000	0	0
AMBEV SA	ADR	02319V103	139	18,700	SH		SOLE	3	18,700	0	0
AMBEV SA	ADR	02319V103	5,921	799,000	SH		SOLE	3	799,000	0	0
AMEREN	COM	023608102	276	6,700	SH		SOLE	3	6,700	0	0
AMERICA MOVIL SAB DE CV SPON ADR	SHS	02364W105	91	4,600	SH		SOLE	3	4,600	0	0
AMERICA MOVIL SAB DE CV SPON ADR	SHS	02364W105	378	19,000	SH		SOLE	3	19,000	0	0
AMERICAN ASSETS TR	COM	024013104	13,196	391,118	SH		OTR	3	391,118	0	0
AMERICAN ASSETS TR	COM	024013104	30	900	SH		SOLE	3	900	0	0
AMERICAN CAMPUS CMNTYS	COM	024835100	7,370	197,310	SH		OTR	3	197,310	0	0
AMERICAN CAMPUS CMNTYS	COM	024835100	100	2,668	SH		SOLE	3	2,668	0	0
AMERICAN CAPITAL AGENCY	COM	02503X105	215	10,000	SH		SOLE	3	10,000	0	0
AMERICAN ELEC PWR	COM	025537101	674	13,300	SH		SOLE	3	13,300	0	0
AMERICAN EXPRESS	COM	025816109	90	1,000	SH		OTR	3	1,000	0	0
AMERICAN EXPRESS	COM	025816109	10,470	116,300	SH		SOLE	3	116,300	0	0
AMERICAN HOMES 4	CL A	02665T306	20	1,200	SH		SOLE	3	1,200	0	0
AMERICAN INTL GROUP	COM NEW	026874784	4,126	82,500	SH		OTR	3	82,500	0	0
AMERICAN INTL GROUP	COM NEW	026874784	1,880	37,592	SH		SOLE	3	37,592	0	0
AMERICAN RESIDENTIAL PPTYS	COM	02927E303	7	400	SH		SOLE	3	400	0	0
AMERICAN RLTY CAP PPTYS	COM	02917T104	482	34,374	SH		SOLE	3	34,374	0	0
AMERICAN TOWER CORP	COM	03027X100	909	11,100	SH		SOLE	3	11,100	0	0
AMERICAN WTR WKS CO INC	COM	030420103	241	5,300	SH		SOLE	3	5,300	0	0
AMERIPRISE FINL	COM	03076C106	330	3,000	SH		OTR	3	3,000	0	0
AMERIPRISE FINL	COM	03076C106	7,172	65,160	SH		SOLE	3	65,160	0	0
AMERISOURCEBERGEN	COM	03073E105	2,879	43,900	SH		SOLE	3	43,900	0	0
AMETEK INC	COM	031100100	376	7,300	SH		SOLE	3	7,300	0	0
AMGEN	COM	031162100	2,504	20,300	SH		SOLE	3	20,300	0	0
AMPHENOL CORP	CL A	032095101	394	4,300	SH		SOLE	3	4,300	0	0
ANADARKO PETE	COM	032511107	170	2,000	SH		OTR	3	2,000	0	0
ANADARKO PETE	COM	032511107	1,170	13,800	SH		SOLE	3	13,800	0	0
ANALOG DEVICES	COM	032654105	430	8,100	SH		SOLE	3	8,100	0	0
ANGLOGOLD ASHANTI LTD	ADR	035128206	46	2,700	SH		SOLE	3	2,700	0	0
ANNALY CAP MGMT	COM	035710409	290	26,400	SH		SOLE	3	26,400	0	0
ANSYS	COM	03662Q105	162	2,100	SH		SOLE	3	2,100	0	0
AON PLC	CL A	G0408V102	2,975	35,300	SH		OTR	3	35,300	0	0
AON PLC	CL A	G0408V102	674	8,000	SH		SOLE	3	8,000	0	0
APACHE	COM	037411105	888	10,710	SH		SOLE	3	10,710	0	0
APARTMENT INVT & MGMT	CL A	03748R101	203,813	6,744,304	SH		OTR	3	6,744,304	0	0
APARTMENT INVT & MGMT	CL A	03748R101	130	4,292	SH		SOLE	3	4,292	0	0
APPLE	COM	037833100	4,187	7,800	SH		OTR	3	7,800	0	0
APPLE	COM	037833100	443	826	SH		SOLE		826	0	0
APPLE	COM	037833100	13,311	24,800	SH		SOLE	3	24,800	0	0
APPLIED MATLS	COM	038222105	9,283	454,700	SH		OTR	3	454,700	0	0
APPLIED MATLS	COM	038222105	902	44,200	SH		SOLE	3	44,200	0	0
ARCH CAP GROUP	ORD	G0450A105	213	3,700	SH		SOLE	3	3,700	0	0
ARCHER DANIELS MIDLAND	COM	039483102	768	17,700	SH		SOLE	3	17,700	0	0
ARMADA HOFFLER PPTYS	COM	04208T108	5	500	SH		SOLE	3	500	0	0
ARROW ELECTRS	COM	042735100	160	2,700	SH		SOLE	3	2,700	0	0
ASHFORD HOSPITALITY PRIME	COM	044102101	2,234	147,761	SH		OTR	3	147,761	0	0
ASHFORD HOSPITALITY PRIME	COM	044102101	5	360	SH		SOLE	3	360	0	0
ASHFORD HOSPITALITY TR INC	SHS	044103109	21	1,900	SH		SOLE	3	1,900	0	0
ASHLAND INC	COM	044209104	179	1,800	SH		SOLE	3	1,800	0	0
ASSOCIATED ESTATES RLTY	COM	045604105	25	1,500	SH		SOLE	3	1,500	0	0
ASSURANT	COM	04621X108	136	2,100	SH		SOLE	3	2,100	0	0
AT&T	COM	00206R102	312	8,900	SH		OTR	3	8,900	0	0
AT&T	COM	00206R102	5,004	142,695	SH		SOLE	3	142,695	0	0
AU OPTRONICS CORP	ADR	002255107	14	3,900	SH		SOLE	3	3,900	0	0
AUTODESK	COM	052769106	295	6,000	SH		SOLE	3	6,000	0	0
AUTOLIV	COM	052800109	341	3,400	SH		SOLE	3	3,400	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	1,020	13,200	SH		SOLE	3	13,200	0	0
AUTOZONE	COM	053332102	7,197	13,400	SH		SOLE	3	13,400	0	0
AVAGO TECHNOLOGIES	SHS	Y0486S104	406	6,300	SH		OTR	3	6,300	0	0
AVAGO TECHNOLOGIES	SHS	Y0486S104	444	6,900	SH		SOLE	3	6,900	0	0
AVALONBAY CMNTYS	COM	053484101	12,060	91,840	SH		OTR	3	91,840	0	0
AVALONBAY CMNTYS	COM	053484101	902	6,869	SH		SOLE	3	6,869	0	0
AVERY DENNISON	COM	053611109	152	3,000	SH		SOLE	3	3,000	0	0
AVIV REIT INC	COM	05381L101	10	400	SH		SOLE	3	400	0	0
AVNET	COM	053807103	181	3,900	SH		SOLE	3	3,900	0	0
AVON PRODS	COM	054303102	170	11,600	SH		SOLE	3	11,600	0	0
AXIS CAPITAL HOLDINGS	SHS	G0692U109	133	2,900	SH		SOLE	3	2,900	0	0
B/E AEROSPACE	COM	073302101	200	2,300	SH		SOLE	3	2,300	0	0
BAKER HUGHES	COM	057224107	794	12,204	SH		SOLE	3	12,204	0	0
BALL	COM	058498106	4,056	74,000	SH		SOLE	3	74,000	0	0
BANCO DE CHILE	ADR	059520106	16	214	SH		SOLE	3	214	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	21	900	SH		SOLE	3	900	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	77	3,300	SH		SOLE	3	3,300	0	0
BANK NEW YORK MELLON	COM	064058100	4,601	130,371	SH		SOLE	3	130,371	0	0
BANK OF AMERICA	COM	060505104	6,557	381,200	SH		OTR	3	381,200	0	0
BANK OF AMERICA	COM	060505104	5,583	324,614	SH		SOLE	3	324,614	0	0
BARD C R	COM	067383109	2,486	16,800	SH		SOLE	3	16,800	0	0
BAXTER INTL	COM	071813109	1,163	15,800	SH		SOLE	3	15,800	0	0
BB&T	COM	054937107	787	19,600	SH		SOLE	3	19,600	0	0
BEAM	COM	073730103	325	3,900	SH		SOLE	3	3,900	0	0
BECTON DICKINSON &	COM	075887109	738	6,300	SH		SOLE	3	6,300	0	0
BED BATH & BEYOND	COM	075896100	420	6,100	SH		SOLE	3	6,100	0	0
BERKLEY W R	COM	084423102	175	4,200	SH		SOLE	3	4,200	0	0
BEST BUY	COM	086516101	198	7,500	SH		SOLE	3	7,500	0	0
BIOGEN IDEC	COM	09062X103	1,997	6,530	SH		SOLE	3	6,530	0	0
BIOMARIN PHARMACEUTICAL	COM	09061G101	2,791	40,921	SH		DFND	4,1,2	40,921	0	0
BIOMARIN PHARMACEUTICAL	COM	09061G101	246	3,600	SH		SOLE	3	3,600	0	0
BIOMED REALTY TRUST	COM	09063H107	100	4,900	SH		SOLE	3	4,900	0	0
BLACKROCK	COM	09247X101	3,585	11,400	SH		OTR	3	11,400	0	0
BLACKROCK	COM	09247X101	1,164	3,700	SH		SOLE	3	3,700	0	0
BLOCK H & R	COM	093671105	211	7,000	SH		SOLE	3	7,000	0	0
BOEING	COM	097023105	3,752	29,900	SH		SOLE	3	29,900	0	0
BORGWARNER	COM	099724106	381	6,200	SH		SOLE	3	6,200	0	0
BOSTON PROPERTIES	COM	101121101	414,485	3,619,008	SH		OTR	3	3,619,008	0	0
BOSTON PROPERTIES	COM	101121101	962	8,400	SH		SOLE	3	8,400	0	0
BOSTON SCIENTIFIC	COM	101137107	510	37,747	SH		SOLE	3	37,747	0	0
BRE PROPERTIES	CL A	05564E106	16,094	256,360	SH		OTR	3	256,360	0	0
BRE PROPERTIES	CL A	05564E106	138	2,200	SH		SOLE	3	2,200	0	0
BRF SA	ADR	10552T107	52	2,600	SH		SOLE	3	2,600	0	0
BRF SA	ADR	10552T107	9,087	454,800	SH		SOLE	3	454,800	0	0
BRINKER INTL	COM	109641100	7,614	145,169	SH		SOLE	3	145,169	0	0
BRISTOL MYERS SQUIBB	COM	110122108	6,244	120,200	SH		SOLE	3	120,200	0	0
BRIXMOR PPTY GROUP	COM	11120U105	23	1,100	SH		SOLE	3	1,100	0	0
BROADCOM	CL A	111320107	167	5,300	SH		OTR	3	5,300	0	0
BROADCOM	CL A	111320107	521	16,550	SH		SOLE	3	16,550	0	0
BROCADE COMMUNICATIONS SYS	COM NEW	111621306	2,880	271,400	SH		SOLE	3	271,400	0	0
BUNGE	COM	G16962105	350	4,400	SH		SOLE	3	4,400	0	0
C H ROBINSON WORLDWIDE	COM NEW	12541W209	194	3,700	SH		SOLE	3	3,700	0	0
CA	COM	12673P105	276	8,905	SH		SOLE	3	8,905	0	0
CABOT OIL & GAS	COM	127097103	393	11,600	SH		SOLE	3	11,600	0	0
CACI INTL INC	NOTE 2.125% 5/0	127190AD8	28,859	20,998,000	PRN		DFND	4,1,2	20,998,000	0	0
CALPINE	COM NEW	131347304	171	8,200	SH		SOLE	3	8,200	0	0
CAMERON INTERNATIONAL	COM	13342B105	402	6,500	SH		SOLE	3	6,500	0	0
CAMPBELL SOUP	COM	134429109	238	5,300	SH		SOLE	3	5,300	0	0
CAMPUS CREST CMNTYS	COM	13466Y105	14	1,600	SH		SOLE	3	1,600	0	0
CAPITAL ONE FINL	COM	14040H105	139	1,800	SH		OTR	3	1,800	0	0
CAPITAL ONE FINL	COM	14040H105	1,254	16,254	SH		SOLE	3	16,254	0	0
CARDINAL HEALTH	COM	14149Y108	644	9,200	SH		SOLE	3	9,200	0	0
CAREFUSION	COM	14170T101	235	5,850	SH		SOLE	3	5,850	0	0
CARMAX	COM	143130102	1,699	36,300	SH		OTR	3	36,300	0	0
CARMAX	COM	143130102	304	6,500	SH		SOLE	3	6,500	0	0
CARRIAGE SVCS	COM	143905107	310	17,000	SH		DFND	4,1,2	17,000	0	0
CARRIAGE SVCS	PUT	143905957	3	500	SH		DFND	4,1,2	500	0	0
CATERPILLAR INC	COM	149123101	1,719	17,300	SH		SOLE	3	17,300	0	0
CBL & ASSOC PPTYS	COM	124830100	77	4,345	SH		SOLE	3	4,345	0	0
CBRE GROUP	CL A	12504L109	2,493	90,900	SH		OTR	3	90,900	0	0
CBRE GROUP	CL A	12504L109	241	8,800	SH		SOLE	3	8,800	0	0
CEDAR REALTY TRUST	COM NEW	150602209	10	1,600	SH		SOLE	3	1,600	0	0
CELGENE	COM	151020104	1,536	11,000	SH		SOLE	3	11,000	0	0
CENCOSUD S A	SPONSORED ADS	15132H101	15	1,500	SH		SOLE	3	1,500	0	0
CENTERPOINT ENERGY	COM	15189T107	291	12,300	SH		SOLE	3	12,300	0	0
CENTRAIS ELETRICAS BRASILEIR	ADR	15234Q207	3	1,200	SH		SOLE	3	1,200	0	0
CENTURYLINK	COM	156700106	501	15,242	SH		SOLE	3	15,242	0	0
CERNER	COM	156782104	473	8,400	SH		SOLE	3	8,400	0	0
CF INDS HLDGS	COM	125269100	417	1,600	SH		SOLE	3	1,600	0	0
CHAMBERS STR	COM	157842105	47	6,100	SH		SOLE	3	6,100	0	0
CHATHAM LODGING	COM	16208T102	14	700	SH		SOLE	3	700	0	0
CHENIERE ENERGY	COM NEW	16411R208	255	4,600	SH		SOLE	3	4,600	0	0
CHESAPEAKE ENERGY	COM	165167107	379	14,800	SH		SOLE	3	14,800	0	0
CHEVRON CORP	COM	166764100	214	1,800	SH		OTR	3	1,800	0	0
CHEVRON CORP	COM	166764100	6,185	52,018	SH		SOLE	3	52,018	0	0
CHICAGO BRIDGE & IRON CO N	COM	167250109	200	2,300	SH		SOLE	3	2,300	0	0
CHINA MOBILE LIMITED	ADR	16941M109	1,738	37,967	SH		DFND	2	37,967	0	0
CHINA MOBILE LIMITED	ADR	16941M109	201	4,400	SH		SOLE	3	4,400	0	0
CHINA PETE & CHEM CORP SPON ADR	SHS	16941R108	156	1,748	SH		DFND	2	1,748	0	0
CHINA PETE & CHEM CORP SPON ADR	SHS	16941R108	110	1,230	SH		SOLE	3	1,230	0	0
CHINA TELECOM CORP LTD SPON ADR	SHS	169426103	51	1,105	SH		DFND	2	1,105	0	0
CHINA TELECOM CORP LTD SPON ADR	SHS	169426103	23	500	SH		SOLE	3	500	0	0
CHINA UNICOM (HONG KONG) LTD	ADR	16945R104	22	1,700	SH		SOLE	3	1,700	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	454	800	SH		SOLE	3	800	0	0
CHUBB	COM	171232101	634	7,100	SH		SOLE	3	7,100	0	0
CHURCH & DWIGHT	COM	171340102	262	3,800	SH		SOLE	3	3,800	0	0
CIGNA	COM	125509109	167	2,000	SH		OTR	3	2,000	0	0
CIGNA	COM	125509109	620	7,400	SH		SOLE	3	7,400	0	0
CIMAREX ENERGY	COM	171798101	3,192	26,800	SH		OTR	3	26,800	0	0
CIMAREX ENERGY	COM	171798101	274	2,300	SH		SOLE	3	2,300	0	0
CINCINNATI FINL	COM	172062101	225	4,615	SH		SOLE	3	4,615	0	0
CINTAS	COM	172908105	191	3,200	SH		SOLE	3	3,200	0	0
CISCO SYS	COM	17275R102	202	9,000	SH		OTR	3	9,000	0	0
CISCO SYS	COM	17275R102	3,228	144,000	SH		SOLE	3	144,000	0	0
CIT GROUP	COM NEW	125581801	255	5,200	SH		SOLE	3	5,200	0	0
CITIGROUP	COM NEW	172967424	2,951	62,000	SH		OTR	3	62,000	0	0
CITIGROUP	COM NEW	172967424	3,927	82,503	SH		SOLE	3	82,503	0	0
CITRIX SYS	COM	177376100	195	3,400	SH		OTR	3	3,400	0	0
CITRIX SYS	COM	177376100	304	5,300	SH		SOLE	3	5,300	0	0
CLEAN ENERGY FUELS	COM	184499101	178	20,000	SH		DFND	4,1,2	20,000	0	0
CLEAN ENERGY FUELS	PUT	184499951	25	500	SH		DFND	4,1,2	500	0	0
CLEAN ENERGY FUELS	PUT	184499951	170	1,000	SH		DFND	4,1,2	1,000	0	0
CLEAN ENERGY FUELS	PUT	184499951	100	1,000	SH		DFND	4,1,2	1,000	0	0
CLOROX CO	COM	189054109	334	3,800	SH		SOLE	3	3,800	0	0
CME GROUP	COM	12572Q105	637	8,600	SH		SOLE	3	8,600	0	0
CMS ENERGY	COM	125896100	187	6,400	SH		SOLE	3	6,400	0	0
CNO FINL GROUP	COM	12621E103	3,153	174,200	SH		SOLE	3	174,200	0	0
CNOOC LTD	ADR	126132109	854	5,682	SH		DFND	2	5,682	0	0
CNOOC LTD	ADR	126132109	137	900	SH		SOLE	3	900	0	0
COACH	COM	189754104	372	7,500	SH		SOLE	3	7,500	0	0
COBALT INTL ENERGY	COM	19075F106	145	7,900	SH		SOLE	3	7,900	0	0
COCA COLA	COM	191216100	4,202	108,700	SH		SOLE	3	108,700	0	0
COCA COLA ENTERPRISE INC NE	COM	191241108	21	200	SH		SOLE	3	200	0	0
COCA COLA ENTERPRISES INC	COM	19122T109	406	8,500	SH		SOLE	3	8,500	0	0
COGNIZANT TECHNOLOGY	CL A	192446102	850	16,800	SH		SOLE	3	16,800	0	0
COLGATE PALMOLIVE	COM	194162103	1,609	24,800	SH		SOLE	3	24,800	0	0
COLUMBIA PPTY TR	COM NEW	198287203	87	3,200	SH		SOLE	3	3,200	0	0
COMCAST CORP	CL A	20030N101	7,790	155,670	SH		SOLE	3	155,670	0	0
COMERICA	COM	200340107	259	5,000	SH		SOLE	3	5,000	0	0
COMMONWEALTH REIT	CV PFD-E 7.25%	203233606	16,206	644,385	SH		OTR	3	0	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	26	600	SH		SOLE	3	600	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	3,697	84,478	SH		SOLE	3	84,478	0	0
COMPANHIA DE SANEAMENTO BASI	ADR	20441A102	14	1,500	SH		SOLE	3	1,500	0	0
COMPANHIA DE SANEAMENTO BASI	ADR	20441A102	489	52,800	SH		SOLE	3	52,800	0	0
COMPANHIA SIDERURGICA NACION	ADR	20440W105	14	3,100	SH		SOLE	3	3,100	0	0
COMPANHIA SIDERURGICA NACION	ADR	20440W105	134	30,800	SH		SOLE	3	30,800	0	0
COMPANIA CERVECERIAS UNIDAS	ADR	204429104	7	300	SH		SOLE	3	300	0	0
COMPANIA CERVECERIAS UNIDAS	ADR	204429104	45	2,000	SH		SOLE	3	2,000	0	0
COMPANIA DE MINAS BUENAVENTU	ADR	204448104	10	800	SH		SOLE	3	800	0	0
COMPUTER SCIENCES	COM	205363104	262	4,300	SH		SOLE	3	4,300	0	0
CONAGRA FOODS	COM	205887102	372	12,000	SH		SOLE	3	12,000	0	0
CONCHO RES	COM	20605P101	355	2,900	SH		SOLE	3	2,900	0	0
CONOCOPHILLIPS	COM	20825C104	2,216	31,500	SH		SOLE	3	31,500	0	0
CONSOL ENERGY	COM	20854P109	260	6,500	SH		SOLE	3	6,500	0	0
CONSOLIDATED EDISON	COM	209115104	440	8,200	SH		SOLE	3	8,200	0	0
CONSTELLATION BRANDS	CL A	21036P108	382	4,500	SH		SOLE	3	4,500	0	0
CONTINENTAL RESOURCES	COM	212015101	149	1,200	SH		SOLE	3	1,200	0	0
CORE LABORATORIES N	COM	N22717107	198	1,000	SH		SOLE	3	1,000	0	0
CORESITE RLTY	COM	21870Q105	16	500	SH		SOLE	3	500	0	0
CORNING	COM	219350105	795	38,200	SH		SOLE	3	38,200	0	0
CORPBANCA	ADR	21987A209	9	500	SH		SOLE	3	500	0	0
CORRECTIONS CORP AMER	COM NEW	22025Y407	95	3,035	SH		SOLE	3	3,035	0	0
COSAN	SHS A	G25343107	279	24,500	SH		SOLE	3	24,500	0	0
COSTCO WHSL CORP	COM	22160K105	45	400	SH		OTR	3	400	0	0
COSTCO WHSL CORP	COM	22160K105	1,351	12,100	SH		SOLE	3	12,100	0	0
COUSINS PPTYS	COM	222795106	53	4,663	SH		SOLE	3	4,663	0	0
COVANTA HLDG	COM	22282E102	141	7,800	SH		SOLE	3	7,800	0	0
COVANTA HLDG CORP	NOTE 3.250% 6/0	22282EAC6	12,822	11,000,000	PRN		DFND	4,1,2	11,000,000	0	0
COVIDIEN	SHS	G2554F113	169	2,300	SH		OTR	3	2,300	0	0
COVIDIEN	SHS	G2554F113	930	12,625	SH		SOLE	3	12,625	0	0
CPFL ENERGIA S A	ADR	126153105	8	500	SH		SOLE	3	500	0	0
CPFL ENERGIA S A	ADR	126153105	1,829	112,000	SH		SOLE	3	112,000	0	0
CREE	COM	225447101	526	9,300	SH		SOLE	3	9,300	0	0
CROWN CASTLE INTL	COM	228227104	708	9,600	SH		SOLE	3	9,600	0	0
CROWN HOLDINGS	COM	228368106	201	4,500	SH		SOLE	3	4,500	0	0
CSX	COM	126408103	206	7,100	SH		OTR	3	7,100	0	0
CSX	COM	126408103	831	28,700	SH		SOLE	3	28,700	0	0
CUBESMART	COM	229663109	119,356	6,955,457	SH		OTR	3	6,955,457	0	0
CUBESMART	COM	229663109	57	3,300	SH		SOLE	3	3,300	0	0
CUMMINS	COM	231021106	10,295	69,100	SH		SOLE	3	69,100	0	0
CVS CAREMARK	COM	126650100	342	4,575	SH		OTR	3	4,575	0	0
CVS CAREMARK	COM	126650100	4,871	65,074	SH		SOLE	3	65,074	0	0
CYRUSONE	COM	23283R100	10	500	SH		SOLE	3	500	0	0
D R HORTON	COM	23331A109	2,004	92,566	SH		SOLE	3	92,566	0	0
DANAHER CORP	COM	235851102	1,905	25,400	SH		SOLE	3	25,400	0	0
DARDEN RESTAURANTS	COM	237194105	208	4,100	SH		SOLE	3	4,100	0	0
DAVITA HEALTHCARE PARTNERS	COM	23918K108	337	4,900	SH		SOLE	3	4,900	0	0
DCT INDUSTRIAL TRUST	COM	233153105	66	8,400	SH		SOLE	3	8,400	0	0
DDR	COM	23317H102	198,881	12,067,996	SH		OTR	3	12,067,996	0	0
DDR	COM	23317H102	143	8,658	SH		SOLE	3	8,658	0	0
DEAN FOODS CO	COM NEW	242370203	376	24,336	SH		DFND	4,1,2	24,336	0	0
DEERE &	COM	244199105	890	9,800	SH		SOLE	3	9,800	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	7,030	103,600	SH		SOLE	3	103,600	0	0
DELTA AIR LINES INC	COM NEW	247361702	152	4,400	SH		SOLE	3	4,400	0	0
DENBURY RES	COM NEW	247916208	167	10,200	SH		SOLE	3	10,200	0	0
DENTSPLY INTL INC	COM	249030107	203	4,400	SH		SOLE	3	4,400	0	0
DEVON ENERGY CORP	COM	25179M103	80	1,200	SH		OTR	3	1,200	0	0
DEVON ENERGY CORP	COM	25179M103	703	10,500	SH		SOLE	3	10,500	0	0
DIAMOND OFFSHORE DRILLING	COM	25271C102	132	2,700	SH		SOLE	3	2,700	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	157,103	13,370,483	SH		OTR	3	13,370,483	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	58	4,942	SH		SOLE	3	4,942	0	0
DICKS SPORTING GOODS	COM	253393102	126	2,300	SH		SOLE	3	2,300	0	0
DIGITAL RLTY TR	COM	253868103	78,285	1,474,852	SH		OTR	3	1,474,852	0	0
DIGITAL RLTY TR	COM	253868103	382	7,200	SH		SOLE	3	7,200	0	0
DIRECT TV	COM	25490A309	1,030	13,483	SH		SOLE	3	13,483	0	0
DISCOVER FINL	COM	254709108	19,488	334,900	SH		SOLE	3	334,900	0	0
DISH NETWORK	CL A	25470M109	392	6,300	SH		SOLE	3	6,300	0	0
DOLLAR GEN CORP	COM	256677105	483	8,700	SH		SOLE	3	8,700	0	0
DOLLAR TREE	COM	256746108	297	5,700	SH		SOLE	3	5,700	0	0
DOMINION RES INC VA	COM	25746U109	1,143	16,100	SH		SOLE	3	16,100	0	0
DOUGLAS EMMETT	COM	25960P109	96,568	3,558,145	SH		OTR	3	3,558,145	0	0
DOUGLAS EMMETT	COM	25960P109	90	3,300	SH		SOLE	3	3,300	0	0
DOVER	COM	260003108	646	7,900	SH		SOLE	3	7,900	0	0
DOW CHEM	COM	260543103	155	3,200	SH		OTR	3	3,200	0	0
DOW CHEM	COM	260543103	1,696	34,900	SH		SOLE	3	34,900	0	0
DR PEPPER SNAPPLE GROUP	COM	26138E109	306	5,624	SH		SOLE	3	5,624	0	0
DR REDDYS LABS	ADR	256135203	92	2,100	SH		SOLE	3	2,100	0	0
DST SYS INC	COM	233326107	8,019	84,600	SH		SOLE	3	84,600	0	0
DTE ENERGY	COM	233331107	364	4,900	SH		SOLE	3	4,900	0	0
DU PONT E I DE NEMOURS &	COM	263534109	7,804	116,300	SH		SOLE	3	116,300	0	0
DUKE ENERGY CORP	COM NEW	26441C204	1,379	19,366	SH		SOLE	3	19,366	0	0
DUKE REALTY	COM NEW	264411505	75,571	4,476,973	SH		OTR	3	4,476,973	0	0
DUKE REALTY	COM NEW	264411505	294	17,400	SH		SOLE	3	17,400	0	0
DUN & BRADSTREET CORP DEL	COM	26483E100	129	1,300	SH		SOLE	3	1,300	0	0
DUPONT FABROS TECHNOLOGY	COM	26613Q106	39	1,600	SH		SOLE	3	1,600	0	0
E M C CORP	COM	268648102	1,516	55,300	SH		SOLE	3	55,300	0	0
EAGLE MATERIALS	COM	26969P108	81	916	SH		OTR	3	916	0	0
EASTGROUP PPTY	COM	277276101	50	800	SH		SOLE	3	800	0	0
EASTMAN CHEM	COM	277432100	707	8,200	SH		SOLE	3	8,200	0	0
EATON CORP	SHS	G29183103	1,701	22,648	SH		SOLE	3	22,648	0	0
EBAY	COM	278642103	1,746	31,600	SH		SOLE	3	31,600	0	0
ECOLAB	COM	278865100	799	7,400	SH		SOLE	3	7,400	0	0
EDISON	COM	281020107	498	8,800	SH		SOLE	3	8,800	0	0
EDUCATION RLTY TR	COM	28140H104	14,268	1,445,636	SH		OTR	3	1,445,636	0	0
EDUCATION RLTY TR	COM	28140H104	30	3,000	SH		SOLE	3	3,000	0	0
EDWARDS LIFESCIENCES	COM	28176E108	230	3,100	SH		SOLE	3	3,100	0	0
ELECTRONIC ARTS	COM	285512109	244	8,400	SH		SOLE	3	8,400	0	0
EMBOTELLADORA ANDINA	S A SPON ADR B	29081P303	4	200	SH		SOLE	3	200	0	0
EMBRAER S A SP ADR REP	COM	29082A107	46	1,300	SH		SOLE	3	1,300	0	0
EMBRAER S A SP ADR REP	COM	29082A107	4,308	121,400	SH		SOLE	3	121,400	0	0
EMERSON ELEC	COM	291011104	1,443	21,600	SH		SOLE	3	21,600	0	0
EMPIRE ST RLTY TR	CL A	292104106	53,758	3,557,803	SH		OTR	3	3,557,803	0	0
EMPIRE ST RLTY TR	CL A	292104106	30	2,000	SH		SOLE	3	2,000	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	22	500	SH		SOLE	3	500	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	155	3,600	SH		SOLE	3	3,600	0	0
ENERGEN	COM	29265N108	170	2,100	SH		SOLE	3	2,100	0	0
ENERGIZER HLDGS	COM	29266R108	191	1,900	SH		SOLE	3	1,900	0	0
ENERNOC	COM	292764107	140	6,300	SH		SOLE	3	6,300	0	0
ENERSIS S A	ADR	29274F104	26	1,700	SH		SOLE	3	1,700	0	0
ENERSYS	NOTE 3.375% 6/0	29275YAA0	38,326	22,011,000	PRN		DFND	4,1,2	22,011,000	0	0
ENSCO PLC	CLASS A	G3157S106	338	6,400	SH		SOLE	3	6,400	0	0
ENTERGY CORP	COM	29364G103	328	4,900	SH		SOLE	3	4,900	0	0
EOG RES	COM	26875P101	39	400	SH		OTR	3	400	0	0
EOG RES	COM	26875P101	736	7,500	SH		SOLE	3	7,500	0	0
EPR PPTYS	CONV PFD 9% SR E	26884U307	46	1,500	SH		OTR	3	0	0	0
EQT	COM	26884L109	388	4,000	SH		SOLE	3	4,000	0	0
EQUIFAX	COM	294429105	190	2,800	SH		SOLE	3	2,800	0	0
EQUINIX	COM NEW	29444U502	259	1,400	SH		SOLE	3	1,400	0	0
EQUITY	COM	294752100	36	1,600	SH		SOLE	3	1,600	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	81	2,000	SH		SOLE	3	2,000	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	657,903	11,345,103	SH		OTR	3	11,345,103	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	1,067	18,400	SH		SOLE	3	18,400	0	0
ESSEX PPTY TR	COM	297178105	99,909	587,530	SH		OTR	3	587,530	0	0
ESSEX PPTY TR	COM	297178105	170	1,000	SH		SOLE	3	1,000	0	0
EVEREST RE GROUP	COM	G3223R108	214	1,400	SH		SOLE	3	1,400	0	0
EXCEL TR	COM	30068C109	16	1,300	SH		SOLE	3	1,300	0	0
EXELON	COM	30161N101	773	23,026	SH		SOLE	3	23,026	0	0
EXPEDIA INC	COM NEW	30212P303	201	2,775	SH		SOLE	3	2,775	0	0
EXPEDITORS INTL WASH	COM	302130109	226	5,700	SH		SOLE	3	5,700	0	0
EXPRESS SCRIPTS HLDG	COM	30219G108	1,625	21,645	SH		SOLE	3	21,645	0	0
EXTERRAN HLDGS INC	NOTE 4.250% 6/1	30225XAA1	9,525	5,000,000	PRN		DFND	4,1,2	5,000,000	0	0
EXTRA SPACE STORAGE	COM	30225T102	213,850	4,408,369	SH		OTR	3	4,408,369	0	0
EXTRA SPACE STORAGE	COM	30225T102	155	3,200	SH		SOLE	3	3,200	0	0
EXXON MOBIL	COM	30231G102	580	5,934	SH		OTR	3	5,934	0	0
EXXON MOBIL	COM	30231G102	11,778	120,581	SH		SOLE	3	120,581	0	0
F M C	COM NEW	302491303	314	4,100	SH		SOLE	3	4,100	0	0
F5 NETWORKS	COM	315616102	309	2,900	SH		SOLE	3	2,900	0	0
FACEBOOK	CL A	30303M102	859	14,262	SH		SOLE		14,262	0	0
FACEBOOK	CL A	30303M102	3,000	49,800	SH		SOLE	3	49,800	0	0
FAMILY DLR STORES	COM	307000109	2,518	43,400	SH		OTR	3	43,400	0	0
FAMILY DLR STORES	COM	307000109	174	3,000	SH		SOLE	3	3,000	0	0
FASTENAL	COM	311900104	370	7,500	SH		SOLE	3	7,500	0	0
FEDEX	COM	31428X106	6,389	48,200	SH		OTR	3	48,200	0	0
FEDEX	COM	31428X106	1,100	8,300	SH		SOLE	3	8,300	0	0
FELCOR LODGING TR	COM	31430F101	28	3,100	SH		SOLE	3	3,100	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	11	1,000	SH		SOLE	3	1,000	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	2,139	193,400	SH		SOLE	3	193,400	0	0
FIDELITY NATIONAL	CL A	31620R105	212	6,738	SH		SOLE	3	6,738	0	0
FIDELITY NATL INFORMATION	COM	31620M106	8,008	149,829	SH		SOLE	3	149,829	0	0
FIFTH THIRD	COM	316773100	10,596	461,600	SH		SOLE	3	461,600	0	0
FIREEYE	COM	31816Q101	92	1,500	SH		DFND	1,2	1,500	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	104,824	5,425,669	SH		OTR	3	5,425,669	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	48	2,500	SH		SOLE	3	2,500	0	0
FIRST POTOMAC RLTY	COM	33610F109	21	1,600	SH		SOLE	3	1,600	0	0
FIRST SOLAR	COM	336433107	363	5,200	SH		SOLE	3	5,200	0	0
FIRSTENERGY	COM	337932107	365	10,735	SH		SOLE	3	10,735	0	0
FISERV	COM	337738108	414	7,300	SH		SOLE	3	7,300	0	0
FLEETCOR TECHNOLOGIES	COM	339041105	230	2,000	SH		SOLE	3	2,000	0	0
FLEXTRONICS INTL	ORD	Y2573F102	172	18,600	SH		SOLE	3	18,600	0	0
FLIR SYS	COM	302445101	166	4,600	SH		SOLE	3	4,600	0	0
FLOWSERVE	COM	34354P105	321	4,100	SH		SOLE	3	4,100	0	0
FLUOR CORP	COM	343412102	350	4,500	SH		SOLE	3	4,500	0	0
FMC TECHNOLOGIES	COM	30249U101	345	6,600	SH		SOLE	3	6,600	0	0
FOREST LABS	COM	345838106	591	6,400	SH		SOLE	3	6,400	0	0
FOSSIL GROUP	COM	34988V106	175	1,500	SH		SOLE	3	1,500	0	0
FRANKLIN RES	COM	354613101	8,810	162,600	SH		OTR	3	162,600	0	0
FRANKLIN RES	COM	354613101	596	11,000	SH		SOLE	3	11,000	0	0
FRANKLIN STREET PPTYS	COM	35471R106	29	2,300	SH		SOLE	3	2,300	0	0
FREEPORT-MCMORAN COPPER &	COM	35671D857	946	28,608	SH		SOLE	3	28,608	0	0
FRONTIER COMMUNICATIONS	COM	35906A108	193	33,763	SH		SOLE	3	33,763	0	0
GAMESTOP CORP	CL A	36467W109	152	3,700	SH		SOLE	3	3,700	0	0
GAP INC	COM	364760108	260	6,500	SH		SOLE	3	6,500	0	0
GARMIN	SHS	H2906T109	188	3,400	SH		SOLE	3	3,400	0	0
GENERAL DYNAMICS	COM	369550108	87	800	SH		OTR	3	800	0	0
GENERAL DYNAMICS	COM	369550108	1,133	10,400	SH		SOLE	3	10,400	0	0
GENERAL ELECTRIC	COM	369604103	412	15,900	SH		OTR	3	15,900	0	0
GENERAL ELECTRIC	COM	369604103	15,055	581,500	SH		SOLE	3	581,500	0	0
GENERAL GROWTH PPTYS INC	COM	370023103	16,377	744,392	SH		OTR	3	744,392	0	0
GENERAL GROWTH PPTYS INC	COM	370023103	673	30,578	SH		SOLE	3	30,578	0	0
GENERAL MLS	COM	370334104	886	17,100	SH		SOLE	3	17,100	0	0
GENERAL MTRS	COM	37045V100	10,629	308,800	SH		OTR	3	308,800	0	0
GENERAL MTRS	COM	37045V100	219	6,390	SH		SOLE		6,390	0	0
GENERAL MTRS	COM	37045V100	1,119	32,500	SH		SOLE	3	32,500	0	0
GENUINE PARTS	COM	372460105	391	4,500	SH		SOLE	3	4,500	0	0
GEO GROUP	COM	36159R103	58	1,800	SH		SOLE	3	1,800	0	0
GETTY RLTY CORP	COM	374297109	13	700	SH		SOLE	3	700	0	0
GILEAD SCIENCES	COM	375558103	3,075	43,400	SH		SOLE	3	43,400	0	0
GLADSTONE COML	COM	376536108	7	400	SH		SOLE	3	400	0	0
GLOBAL PMTS	COM	37940X102	8,817	123,987	SH		SOLE	3	123,987	0	0
GOLD FIELDS LTD NEW	ADR	38059T106	19	5,100	SH		SOLE	3	5,100	0	0
GOLDMAN SACHS GROUP	COM	38141G104	1,901	11,600	SH		SOLE	3	11,600	0	0
GOOGLE	CL A	38259P508	9,919	8,900	SH		SOLE	3	8,900	0	0
GRAINGER W W	COM	384802104	379	1,500	SH		SOLE	3	1,500	0	0
GRAMERCY PPTY TR	COM	38489R100	5	1,000	SH		SOLE	3	1,000	0	0
GRUPO AEROPORTUARIO CTR NORT	ADR	400501102	93	3,200	SH		SOLE	3	3,200	0	0
GRUPO TELEVISA SA SPON ADR	ORD	40049J206	127	3,800	SH		SOLE	3	3,800	0	0
GRUPO TELEVISA SA SPON ADR	ORD	40049J206	240	7,200	SH		SOLE	3	7,200	0	0
HALLIBURTON	COM	406216101	12,850	218,200	SH		SOLE	3	218,200	0	0
HANESBRANDS	COM	410345102	168	2,200	SH		OTR	3	2,200	0	0
HARLEY DAVIDSON	COM	412822108	80	1,200	SH		OTR	3	1,200	0	0
HARLEY DAVIDSON	COM	412822108	393	5,900	SH		SOLE	3	5,900	0	0
HARMONY GOLD MNG LTD	ADR	413216300	8	2,600	SH		SOLE	3	2,600	0	0
HARRIS CORP	COM	413875105	4,814	65,800	SH		SOLE	3	65,800	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	335	9,500	SH		OTR	3	9,500	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	423	12,000	SH		SOLE	3	12,000	0	0
HASBRO	COM	418056107	217	3,900	SH		SOLE	3	3,900	0	0
HAWAIIAN HOLDINGS INC	NOTE 5.000% 3/1	419879AD3	12,917	7,000,000	PRN		DFND	4,1,2	7,000,000	0	0
HCA HOLDINGS	COM	40412C101	452	8,600	SH		SOLE	3	8,600	0	0
HCP	COM	40414L109	212,777	5,485,345	SH		OTR	3	5,485,345	0	0
HCP	COM	40414L109	970	25,000	SH		SOLE	3	25,000	0	0
HDFC BANK LTD ADR REPS	SHS	40415F101	406	9,900	SH		SOLE	3	9,900	0	0
HEALTH CARE REIT	COM	42217K106	168,710	2,830,703	SH		OTR	3	2,830,703	0	0
HEALTH CARE REIT	COM	42217K106	977	16,400	SH		SOLE	3	16,400	0	0
HEALTH NET	COM	42222G108	4,102	120,600	SH		OTR	3	120,600	0	0
HEALTHCARE RLTY	COM	421946104	60	2,500	SH		SOLE	3	2,500	0	0
HEALTHCARE TR AMER	CL A	42225P105	120,476	10,577,338	SH		OTR	3	10,577,338	0	0
HEALTHCARE TR AMER	CL A	42225P105	52	4,600	SH		SOLE	3	4,600	0	0
HEALTHWAYS	PUT	422245950	2	570	SH		DFND	4,1,2	570	0	0
HEALTHWAYS INC	NOTE 1.500% 7/0 ADDED	422245AB6	10,799	10,000,000	PRN		DFND	4,1,2	10,000,000	0	0
HELMERICH & PAYNE	COM	423452101	204	1,900	SH		OTR	3	1,900	0	0
HELMERICH & PAYNE	COM	423452101	312	2,900	SH		SOLE	3	2,900	0	0
HERBALIFE	PUT	G4412G951	474	900	SH		DFND	4,1,2	900	0	0
HERBALIFE LTD COM	SHS	G4412G101	1,489	26,000	SH		DFND	4,1,2	26,000	0	0
HERBALIFE LTD COM	SHS	G4412G101	137	2,400	SH		SOLE	3	2,400	0	0
HERSHEY	COM	427866108	438	4,200	SH		SOLE	3	4,200	0	0
HERTZ GLOBAL HOLDINGS	COM	42805T105	314	11,800	SH		SOLE	3	11,800	0	0
HESS	COM	42809H107	684	8,250	SH		SOLE	3	8,250	0	0
HEWLETT PACKARD	COM	428236103	411	12,700	SH		OTR	3	12,700	0	0
HEWLETT PACKARD	COM	428236103	9,546	295,000	SH		SOLE	3	295,000	0	0
HEXCEL CORP	COM	428291108	392	9,000	SH		SOLE	3	9,000	0	0
HIGHWOODS PPTYS	COM	431284108	47,027	1,224,340	SH		OTR	3	1,224,340	0	0
HIGHWOODS PPTYS	COM	431284108	88	2,300	SH		SOLE	3	2,300	0	0
HOLLYFRONTIER	COM	436106108	266	5,600	SH		SOLE	3	5,600	0	0
HOLOGIC	COM	436440101	176	8,200	SH		SOLE	3	8,200	0	0
HOME DEPOT	COM	437076102	2,999	37,900	SH		SOLE	3	37,900	0	0
HOME PROPERTIES	COM	437306103	225,716	3,754,418	SH		OTR	3	3,754,418	0	0
HOME PROPERTIES	COM	437306103	90	1,500	SH		SOLE	3	1,500	0	0
HOMEAWAY	COM	43739Q100	2,523	67,000	SH		DFND	4,1,2	67,000	0	0
HONEYWELL INTL	COM	438516106	12,912	139,200	SH		SOLE	3	139,200	0	0
HORMEL FOODS	COM	440452100	177	3,600	SH		SOLE	3	3,600	0	0
HOSPIRA	COM	441060100	200	4,620	SH		SOLE	3	4,620	0	0
HOST HOTELS & RESORTS	COM	44107P104	455,230	22,491,580	SH		OTR	3	22,491,580	0	0
HOST HOTELS & RESORTS	COM	44107P104	848	41,908	SH		SOLE	3	41,908	0	0
HUANENG PWR INTL INC SPON ADR	SHS	443304100	46	1,200	SH		SOLE	3	1,200	0	0
HUDSON CITY	COM	443683107	184	18,700	SH		SOLE	3	18,700	0	0
HUDSON PAC PPTYS	COM	444097109	30	1,300	SH		SOLE	3	1,300	0	0
HUMANA	COM	444859102	473	4,200	SH		SOLE	3	4,200	0	0
HUNT J B TRANS SVCS	COM	445658107	201	2,800	SH		SOLE	3	2,800	0	0
HUNTINGTON BANCSHARES	COM	446150104	205	20,600	SH		OTR	3	20,600	0	0
ICICI BK	ADR	45104G104	359	8,200	SH		SOLE	3	8,200	0	0
ICICI BK	ADR	45104G104	5,825	133,000	SH		SOLE	3	133,000	0	0
ICONIX BRAND GROUP	COM	451055107	10,811	275,300	SH		SOLE	3	275,300	0	0
IHS	CL A	451734107	182	1,500	SH		SOLE	3	1,500	0	0
ILLINOIS TOOL WKS	COM	452308109	1,846	22,700	SH		OTR	3	22,700	0	0
ILLINOIS TOOL WKS	COM	452308109	952	11,700	SH		SOLE	3	11,700	0	0
ILLUMINA	COM	452327109	505	3,400	SH		SOLE	3	3,400	0	0
IMPERIAL HLDGS	COM	452834104	115	20,000	SH		DFND	4,1,2	20,000	0	0
IMPERIAL HLDGS	PUT	452834954	65	1,000	SH		DFND	4,1,2	1,000	0	0
INFOSYS LTD	ADR	456788108	114	2,100	SH		SOLE	3	2,100	0	0
INFOSYS LTD	ADR	456788108	2,579	47,600	SH		SOLE	3	47,600	0	0
INGERSOLL-RAND	SHS	G47791101	460	8,044	SH		SOLE	3	8,044	0	0
INLAND REAL ESTATE	COM NEW	457461200	24	2,300	SH		SOLE	3	2,300	0	0
INTEGRYS ENERGY GROUP	COM	45822P105	131	2,200	SH		SOLE	3	2,200	0	0
INTEL	COM	458140100	3,960	153,400	SH		OTR	3	153,400	0	0
INTEL	COM	458140100	3,438	133,200	SH		SOLE	3	133,200	0	0
INTERCONTINENTALEXCHANGE	COM	45866F104	13	69	SH		DFND	1,2	69	0	0
INTERCONTINENTALEXCHANGE	COM	45866F104	624	3,155	SH		SOLE	3	3,155	0	0
INTERNATIONAL	COM	459506101	191	2,000	SH		SOLE	3	2,000	0	0
INTERNATIONAL BUSINESS	COM	459200101	265	1,377	SH		SOLE		1,377	0	0
INTERNATIONAL BUSINESS	COM	459200101	6,179	32,100	SH		SOLE	3	32,100	0	0
INTERNATIONAL GAME	COM	459902102	122	8,700	SH		SOLE	3	8,700	0	0
INTERPUBLIC GROUP COS	COM	460690100	177	10,300	SH		SOLE	3	10,300	0	0
INTL PAPER	COM	460146103	629	13,700	SH		SOLE	3	13,700	0	0
INTUIT	COM	461202103	567	7,300	SH		SOLE	3	7,300	0	0
INTUITIVE SURGICAL	COM NEW	46120E602	482	1,100	SH		SOLE	3	1,100	0	0
INVESCO	SHS	G491BT108	446	12,050	SH		SOLE	3	12,050	0	0
IRON MTN	COM	462846106	134	4,877	SH		SOLE	3	4,877	0	0
ITC HLDGS	COM	465685105	235	6,300	SH		SOLE	3	6,300	0	0
ITRON	COM	465741106	1,567	44,100	SH		OTR	3	44,100	0	0
JACOBS ENGR GROUP INC	COM	469814107	248	3,900	SH		SOLE	3	3,900	0	0
JAMES RIVER COAL	PUT	470355957	25	3,335	SH		DFND	4,1,2	3,335	0	0
JAMES RIVER COAL CO	NOTE 10.000% 6/0	470355AK4	692	4,074,000	PRN		DFND	4,1,2	4,074,000	0	0
JETBLUE AIRWAYS CORP	DBCV 6.750%10/1	477143AF8	27,123	14,995,000	PRN		DFND	4,1,2	14,995,000	0	0
JOHNSON &	COM	478160104	216	2,200	SH		OTR	3	2,200	0	0
JOHNSON &	COM	478160104	7,711	78,500	SH		SOLE	3	78,500	0	0
JOHNSON CTLS	COM	478366107	913	19,300	SH		SOLE	3	19,300	0	0
JOY GLOBAL	COM	481165108	180	3,100	SH		SOLE	3	3,100	0	0
JPMORGAN CHASE &	COM	46625H100	5,027	82,800	SH		OTR	3	82,800	0	0
JPMORGAN CHASE &	COM	46625H100	14,918	245,720	SH		SOLE	3	245,720	0	0
JUNIPER NETWORKS	COM	48203R104	412	16,000	SH		SOLE	3	16,000	0	0
KANSAS CITY	COM NEW	485170302	337	3,300	SH		SOLE	3	3,300	0	0
KB FINANCIAL GROUP INC	ADR	48241A105	260	7,400	SH		SOLE	3	7,400	0	0
KBR	COM	48242W106	123	4,600	SH		SOLE	3	4,600	0	0
KELLOGG	COM	487836108	420	6,700	SH		SOLE	3	6,700	0	0
KEURIG GREEN MTN	COM	49271M100	348	3,300	SH		SOLE	3	3,300	0	0
KEYCORP	COM	493267108	347	24,400	SH		SOLE	3	24,400	0	0
KILROY RLTY	COM	49427F108	216,629	3,698,002	SH		OTR	3	3,698,002	0	0
KILROY RLTY	COM	49427F108	146	2,500	SH		SOLE	3	2,500	0	0
KIMBERLY CLARK	COM	494368103	1,158	10,500	SH		SOLE	3	10,500	0	0
KIMCO RLTY	COM	49446R109	289,736	13,242,058	SH		OTR	3	13,242,058	0	0
KIMCO RLTY	COM	49446R109	508	23,200	SH		SOLE	3	23,200	0	0
KINDER MORGAN INC	COM	49456B101	595	18,300	SH		SOLE	3	18,300	0	0
KINDER MORGAN MANAGEMENT	SHS	49455U100	182	2,539	SH		SOLE	3	2,539	0	0
KITE RLTY GROUP	COM	49803T102	20	3,300	SH		SOLE	3	3,300	0	0
KLA-TENCOR	COM	482480100	339	4,900	SH		SOLE	3	4,900	0	0
KODIAK OIL & GAS	COM	50015Q100	243	20,000	SH		SOLE	3	20,000	0	0
KOHLS	COM	500255104	318	5,600	SH		SOLE	3	5,600	0	0
KOREA ELECTRIC PWR	ADR	500631106	129	7,500	SH		SOLE	3	7,500	0	0
KRAFT FOODS GROUP	COM	50076Q106	926	16,503	SH		SOLE	3	16,503	0	0
KROGER	COM	501044101	607	13,900	SH		SOLE	3	13,900	0	0
KT CORP	ADR	48268K101	13	900	SH		SOLE	3	900	0	0
L BRANDS	COM	501797104	369	6,500	SH		SOLE	3	6,500	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	177	1,500	SH		OTR	3	1,500	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	307	2,600	SH		SOLE	3	2,600	0	0
LABORATORY CORP AMER	COM NEW	50540R409	2,887	29,400	SH		OTR	3	29,400	0	0
LABORATORY CORP AMER	COM NEW	50540R409	226	2,300	SH		SOLE	3	2,300	0	0
LAM RESEARCH	COM	512807108	275	5,000	SH		SOLE	3	5,000	0	0
LAS VEGAS SANDS	COM	517834107	137	1,700	SH		OTR	3	1,700	0	0
LAS VEGAS SANDS	COM	517834107	5,146	63,700	SH		SOLE	3	63,700	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	42	2,800	SH		SOLE	3	2,800	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	110	7,287	SH		SOLE	3	7,287	0	0
LAUDER ESTEE COS	CL A	518439104	441	6,600	SH		SOLE	3	6,600	0	0
LEAPFROG ENTERPRISES	CL A	52186N106	154	20,549	SH		DFND	4,1,2	20,549	0	0
LEGG MASON	COM	524901105	204	4,150	SH		SOLE	3	4,150	0	0
LEGGETT & PLATT	COM	524660107	163	5,000	SH		SOLE	3	5,000	0	0
LEIDOS HLDGS	COM	525327102	107	3,025	SH		SOLE	3	3,025	0	0
LENNAR	CL A	526057104	155	3,900	SH		SOLE	3	3,900	0	0
LEUCADIA NATL	COM	527288104	238	8,500	SH		SOLE	3	8,500	0	0
LEVEL 3 COMMUNICATIONS	COM NEW	52729N308	168	4,300	SH		SOLE	3	4,300	0	0
LEXINGTON REALTY	COM	529043101	57	5,246	SH		SOLE	3	5,246	0	0
LIBERTY GLOBAL PLC	CL A	G5480U104	246	5,903	SH		SOLE	3	5,903	0	0
LIBERTY MEDIA CORP	CL A	531229102	379	2,900	SH		SOLE	3	2,900	0	0
LILLY ELI &	COM	532457108	1,601	27,200	SH		SOLE	3	27,200	0	0
LINCOLN NATL CORP	COM	534187109	367	7,249	SH		SOLE	3	7,249	0	0
LINEAR TECHNOLOGY	COM	535678106	321	6,600	SH		SOLE	3	6,600	0	0
LINKEDIN CORP	CL A	53578A108	518	2,800	SH		SOLE	3	2,800	0	0
LIVE NATION ENTERTAINMENT	COM	538034109	3,295	151,500	SH		OTR	3	151,500	0	0
LKQ	COM	501889208	179	6,800	SH		SOLE	3	6,800	0	0
LOCKHEED MARTIN	COM	539830109	1,224	7,500	SH		SOLE	3	7,500	0	0
LOEWS	COM	540424108	410	9,300	SH		SOLE	3	9,300	0	0
LORILLARD	COM	544147101	3,656	67,600	SH		SOLE	3	67,600	0	0
LOWES COS	COM	548661107	11,599	237,200	SH		SOLE	3	237,200	0	0
LSI	COM	502161102	146	13,200	SH		SOLE	3	13,200	0	0
LTC PPTYS	COM	502175102	34	900	SH		SOLE	3	900	0	0
LULULEMON ATHLETICA	COM	550021109	158	3,000	SH		SOLE	3	3,000	0	0
M & T BK	COM	55261F104	412	3,400	SH		SOLE	3	3,400	0	0
MACERICH	COM	554382101	322,308	5,171,000	SH		OTR	3	5,171,000	0	0
MACERICH	COM	554382101	501	8,045	SH		SOLE	3	8,045	0	0
MACK CALI RLTY	COM	554489104	76,448	3,677,159	SH		OTR	3	3,677,159	0	0
MACK CALI RLTY	COM	554489104	48	2,300	SH		SOLE	3	2,300	0	0
MACYS	COM	55616P104	13,002	219,298	SH		SOLE	3	219,298	0	0
MANPOWERGROUP	COM	56418H100	977	12,400	SH		SOLE	3	12,400	0	0
MARATHON OIL	COM	565849106	323	9,120	SH		DFND	4,1,2	9,120	0	0
MARATHON OIL	COM	565849106	654	18,400	SH		SOLE	3	18,400	0	0
MARATHON PETE	COM	56585A102	122	1,400	SH		OTR	3	1,400	0	0
MARATHON PETE	COM	56585A102	7,237	83,150	SH		SOLE	3	83,150	0	0
MARRIOTT INTL INC	CL A	571903202	15,300	273,117	SH		SOLE	3	273,117	0	0
MARSH & MCLENNAN COS	COM	571748102	740	15,000	SH		SOLE	3	15,000	0	0
MARTIN MARIETTA MATLS	COM	573284106	167	1,300	SH		SOLE	3	1,300	0	0
MARVELL TECHNOLOGY GROUP	ORD	G5876H105	197	12,500	SH		SOLE	3	12,500	0	0
MASCO	COM	574599106	224	10,100	SH		SOLE	3	10,100	0	0
MASTEC	COM	576323109	321	7,400	SH		SOLE	3	7,400	0	0
MASTERCARD	CL A	57636Q104	6,970	93,300	SH		OTR	3	93,300	0	0
MASTERCARD	CL A	57636Q104	2,114	28,300	SH		SOLE	3	28,300	0	0
MATTEL	COM	577081102	369	9,200	SH		SOLE	3	9,200	0	0
MAXIM INTEGRATED PRODS	COM	57772K101	278	8,400	SH		SOLE	3	8,400	0	0
MCDONALDS	COM	580135101	206	2,097	SH		OTR	3	2,097	0	0
MCDONALDS	COM	580135101	2,637	26,900	SH		SOLE	3	26,900	0	0
MCGRAW HILL FINL	COM	580645109	3,327	43,600	SH		SOLE	3	43,600	0	0
MCKESSON	COM	58155Q103	1,165	6,600	SH		SOLE	3	6,600	0	0
MDU RES GROUP	COM	552690109	216	6,300	SH		SOLE	3	6,300	0	0
MEAD JOHNSON NUTRITION	COM	582839106	474	5,700	SH		SOLE	3	5,700	0	0
MEADWESTVACO	COM	583334107	199	5,300	SH		SOLE	3	5,300	0	0
MEDICAL PPTYS TRUST	COM	58463J304	56	4,400	SH		SOLE	3	4,400	0	0
MEDTRONIC	COM	585055106	1,674	27,200	SH		SOLE	3	27,200	0	0
MEDTRONIC	CALL	585055906	116	1,000	SH		DFND	4,1,2	1,000	0	0
MERCK & CO INC	COM	58933Y105	4,545	80,058	SH		SOLE	3	80,058	0	0
METLIFE	COM	59156R108	1,484	28,100	SH		SOLE	3	28,100	0	0
METTLER TOLEDO	COM	592688105	165	700	SH		SOLE	3	700	0	0
MGM RESORTS	COM	552953101	253	9,800	SH		SOLE	3	9,800	0	0
MICHAEL KORS HLDGS	SHS	G60754101	476	5,100	SH		SOLE	3	5,100	0	0
MICROCHIP TECHNOLOGY	COM	595017104	430	9,000	SH		SOLE	3	9,000	0	0
MICROCHIP TECHNOLOGY INC	SDCV 2.125%12/1	595017AB0	50,788	27,346,000	PRN		DFND	4,1,2	27,346,000	0	0
MICRON TECHNOLOGY	COM	595112103	681	28,800	SH		SOLE	3	28,800	0	0
MICROSOFT	COM	594918104	361	8,800	SH		OTR	3	8,800	0	0
MICROSOFT	COM	594918104	8,866	216,300	SH		SOLE	3	216,300	0	0
MID-AMER APT CMNTYS	COM	59522J103	127	1,856	SH		SOLE	3	1,856	0	0
MOBILE TELESYSTEMS OJSC	ADR	607409109	2,186	125,000	SH		OTR	3	125,000	0	0
MOBILE TELESYSTEMS OJSC	ADR	607409109	140	8,010	SH		SOLE	3	8,010	0	0
MODUSLINK GLOBAL SOLUTIONS	PUT	60786L957	2	30	SH		DFND	4,1,2	30	0	0
MODUSLINK GLOBAL SOLUTIONS	PUT	60786L957	2	500	SH		DFND	4,1,2	500	0	0
MOHAWK INDS	COM	608190104	292	2,150	SH		SOLE	3	2,150	0	0
MOLYCORP INC	COM	608753109	879	187,500	SH		DFND	4,1,2	187,500	0	0
MONDELEZ INTL	CL A	609207105	1,631	47,211	SH		SOLE	3	47,211	0	0
MONMOUTH REAL ESTATE INVT	CL A	609720107	10	1,100	SH		SOLE	3	1,100	0	0
MONSANTO CO	COM	61166W101	171	1,500	SH		OTR	3	1,500	0	0
MONSANTO CO	COM	61166W101	1,616	14,206	SH		SOLE	3	14,206	0	0
MONSTER BEVERAGE	COM	611740101	299	4,300	SH		SOLE	3	4,300	0	0
MOODYS	COM	615369105	3,641	45,900	SH		SOLE	3	45,900	0	0
MORGAN	COM NEW	617446448	243	7,800	SH		OTR	3	7,800	0	0
MORGAN	COM NEW	617446448	1,286	41,270	SH		SOLE	3	41,270	0	0
MOSAIC CO	COM	61945C103	415	8,300	SH		SOLE	3	8,300	0	0
MOTOROLA SOLUTIONS	COM NEW	620076307	5,620	87,413	SH		SOLE	3	87,413	0	0
MURPHY OIL	COM	626717102	295	4,700	SH		SOLE	3	4,700	0	0
MYLAN	COM	628530107	3,374	69,100	SH		SOLE	3	69,100	0	0
MYRIAD GENETICS	COM	62855J104	3,077	90,000	SH		SOLE	3	90,000	0	0
NABORS INDUSTRIES	SHS	G6359F103	187	7,600	SH		SOLE	3	7,600	0	0
NASDAQ OMX GROUP	COM	631103108	159	4,300	SH		SOLE	3	4,300	0	0
NATIONAL HEALTH INVS	COM	63633D104	42	700	SH		SOLE	3	700	0	0
NATIONAL OILWELL VARCO	COM	637071101	8,714	111,900	SH		OTR	3	111,900	0	0
NATIONAL OILWELL VARCO	COM	637071101	968	12,433	SH		SOLE	3	12,433	0	0
NATIONAL RETAIL PPTYS	COM	637417106	150,372	4,381,470	SH		OTR	3	4,381,470	0	0
NATIONAL RETAIL PPTYS	COM	637417106	106	3,100	SH		SOLE	3	3,100	0	0
NETAPP	COM	64110D104	196	5,300	SH		OTR	3	5,300	0	0
NETAPP	COM	64110D104	351	9,500	SH		SOLE	3	9,500	0	0
NETFLIX	COM	64110L106	493	1,400	SH		SOLE	3	1,400	0	0
NEW YORK CMNTY BANCORP	COM	649445103	190	11,800	SH		SOLE	3	11,800	0	0
NEWELL RUBBERMAID	COM	651229106	263	8,800	SH		SOLE	3	8,800	0	0
NEWMONT MINING	COM	651639106	40	1,700	SH		OTR	3	1,700	0	0
NEWMONT MINING	COM	651639106	326	13,900	SH		SOLE	3	13,900	0	0
NEWS CORP	CL A	65249B109	202	11,737	SH		SOLE	3	11,737	0	0
NEXTERA ENERGY	COM	65339F101	235	2,462	SH		OTR	3	2,462	0	0
NEXTERA ENERGY	COM	65339F101	4,093	42,800	SH		SOLE	3	42,800	0	0
NIELSEN HOLDINGS N	COM	N63218106	303	6,800	SH		SOLE	3	6,800	0	0
NISOURCE	COM	65473P105	316	8,900	SH		SOLE	3	8,900	0	0
NOBLE ENERGY	COM	655044105	3,950	55,600	SH		SOLE	3	55,600	0	0
NORDSTROM	COM	655664100	262	4,200	SH		SOLE	3	4,200	0	0
NORFOLK SOUTHERN	COM	655844108	175	1,800	SH		OTR	3	1,800	0	0
NORFOLK SOUTHERN	COM	655844108	826	8,500	SH		SOLE	3	8,500	0	0
NORTHEAST	COM	664397106	395	8,680	SH		SOLE	3	8,680	0	0
NORTHERN TR	COM	665859104	413	6,300	SH		SOLE	3	6,300	0	0
NORTHROP GRUMMAN	COM	666807102	18,902	153,200	SH		SOLE	3	153,200	0	0
NRG ENERGY	COM NEW	629377508	280	8,800	SH		SOLE	3	8,800	0	0
NRG YIELD INC	CL A	62942X108	273	6,900	SH		SOLE	3	6,900	0	0
NUANCE COMMUNICATIONS	COM	67020Y100	139	8,100	SH		SOLE	3	8,100	0	0
NUCOR	COM	670346105	445	8,800	SH		SOLE	3	8,800	0	0
NVIDIA	COM	67066G104	81	4,500	SH		OTR	3	4,500	0	0
NVIDIA	COM	67066G104	275	15,350	SH		SOLE	3	15,350	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	445	3,000	SH		SOLE	3	3,000	0	0
OCCIDENTAL PETE CORP	COM	674599105	162	1,700	SH		OTR	3	1,700	0	0
OCCIDENTAL PETE CORP	COM	674599105	2,087	21,900	SH		SOLE	3	21,900	0	0
OCEANEERING INTL	COM	675232102	180	2,500	SH		SOLE	3	2,500	0	0
OCWEN FINL	COM NEW	675746309	98	2,500	SH		SOLE	3	2,500	0	0
OGE ENERGY	COM	670837103	173	4,700	SH		SOLE	3	4,700	0	0
OMEGA HEALTHCARE INVS	COM	681936100	162,751	4,855,346	SH		OTR	3	4,855,346	0	0
OMEGA HEALTHCARE INVS	COM	681936100	107	3,200	SH		SOLE	3	3,200	0	0
OMNICARE	COM	681904108	167	2,800	SH		SOLE	3	2,800	0	0
OMNICARE INC	NOTE 3.750%12/1	681904AN8	44,911	19,624,000	PRN		DFND	4,1,2	19,624,000	0	0
OMNICOM GROUP	COM	681919106	515	7,100	SH		SOLE	3	7,100	0	0
ONE LIBERTY PPTYS	COM	682406103	6	300	SH		SOLE	3	300	0	0
ONEOK INC	COM	682680103	344	5,800	SH		SOLE	3	5,800	0	0
ORACLE	COM	68389X105	15,321	374,500	SH		OTR	3	374,500	0	0
ORACLE	COM	68389X105	4,160	101,683	SH		SOLE	3	101,683	0	0
ORMAT TECHNOLOGIES	COM	686688102	135	4,500	SH		SOLE	3	4,500	0	0
OSHKOSH	COM	688239201	3,638	61,800	SH		SOLE	3	61,800	0	0
OWENS CORNING	COM	690742101	121	2,800	SH		OTR	3	2,800	0	0
OWENS ILL	COM NEW	690768403	183	5,400	SH		SOLE	3	5,400	0	0
P T TELEKOMUNIKASI INDONESIA	ADR	715684106	31	800	SH		SOLE	3	800	0	0
PACCAR	COM	693718108	778	11,537	SH		SOLE	3	11,537	0	0
PALL	COM	696429307	304	3,400	SH		SOLE	3	3,400	0	0
PANDORA MEDIA	COM	698354107	378	12,468	SH		SOLE		12,468	0	0
PAPA JOHNS INTL	COM	698813102	3,090	59,300	SH		SOLE	3	59,300	0	0
PARKER HANNIFIN	COM	701094104	718	6,000	SH		SOLE	3	6,000	0	0
PARKWAY PPTYS	COM	70159Q104	11,909	652,537	SH		OTR	3	652,537	0	0
PARKWAY PPTYS	COM	70159Q104	31	1,700	SH		SOLE	3	1,700	0	0
PARTNERRE	COM	G6852T105	186	1,800	SH		SOLE	3	1,800	0	0
PATTERN ENERGY GROUP	CL A	70338P100	312	11,500	SH		SOLE	3	11,500	0	0
PATTERSON COMPANIES	COM	703395103	134	3,200	SH		SOLE	3	3,200	0	0
PAYCHEX	COM	704326107	392	9,200	SH		SOLE	3	9,200	0	0
PDL BIOPHARMA	COM	69329Y104	1,701	204,719	SH		DFND	4,1,2	204,719	0	0
PDL BIOPHARMA	PUT	69329Y954	15	525	SH		DFND	4,1,2	525	0	0
PEABODY ENERGY	COM	704549104	157	9,600	SH		SOLE	3	9,600	0	0
PEBBLEBROOK HOTEL	COM	70509V100	80,930	2,396,506	SH		OTR	3	2,396,506	0	0
PEBBLEBROOK HOTEL	COM	70509V100	54	1,600	SH		SOLE	3	1,600	0	0
PENN NATL GAMING	COM	707569109	869	70,500	SH		OTR	3	70,500	0	0
PENTAIR	SHS	H6169Q108	111	1,400	SH		OTR	3	1,400	0	0
PENTAIR	SHS	H6169Q108	443	5,580	SH		SOLE	3	5,580	0	0
PEOPLES UNITED FINANCIAL	COM	712704105	181	12,200	SH		SOLE	3	12,200	0	0
PEPCO HOLDINGS	COM	713291102	131	6,400	SH		SOLE	3	6,400	0	0
PEPSICO	COM	713448108	209	2,500	SH		OTR	3	2,500	0	0
PEPSICO	COM	713448108	3,506	41,985	SH		SOLE	3	41,985	0	0
PERRIGO CO	SHS	G97822103	77	500	SH		OTR	3	500	0	0
PERRIGO CO	SHS	G97822103	572	3,700	SH		SOLE	3	3,700	0	0
PETROCHINA CO LTD SPONSORED	ADR	71646E100	27	251	SH		DFND	2	251	0	0
PETROCHINA CO LTD SPONSORED	ADR	71646E100	109	1,000	SH		SOLE	3	1,000	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	55	4,200	SH		SOLE	3	4,200	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	1,475	112,200	SH		SOLE	3	112,200	0	0
PETSMART	COM	716768106	207	3,000	SH		SOLE	3	3,000	0	0
PFIZER	COM	717081103	327	10,183	SH		OTR	3	10,183	0	0
PFIZER	COM	717081103	29,346	913,621	SH		SOLE	3	913,621	0	0
PG&E	COM	69331C108	510	11,800	SH		SOLE	3	11,800	0	0
PHARMACYCLICS	COM	716933106	180	1,800	SH		SOLE	3	1,800	0	0
PHILIP MORRIS INTL	COM	718172109	125	1,528	SH		OTR	3	1,528	0	0
PHILIP MORRIS INTL	COM	718172109	3,545	43,300	SH		SOLE	3	43,300	0	0
PHILIPPINE LONG DISTANCE TEL	ADR	718252604	561	9,200	SH		SOLE	3	9,200	0	0
PHILLIPS	COM	718546104	4,196	54,450	SH		SOLE	3	54,450	0	0
PHYSICIANS RLTY	COM	71943U104	6	400	SH		SOLE	3	400	0	0
PIEDMONT OFFICE REALTY TR IN	CL A	720190206	69	4,000	SH		SOLE	3	4,000	0	0
PINNACLE WEST CAP	COM	723484101	148	2,700	SH		SOLE	3	2,700	0	0
PIONEER NAT RES	COM	723787107	730	3,900	SH		SOLE	3	3,900	0	0
PLANTRONICS INC	COM	727493108	301	6,788	SH		DFND	4,1,2	6,788	0	0
PLUM CREEK TIMBER CO	COM	729251108	214	5,100	SH		SOLE	3	5,100	0	0
PNC FINL SVCS GROUP	COM	693475105	1,261	14,496	SH		SOLE	3	14,496	0	0
POLARIS INDS	COM	731068102	210	1,500	SH		SOLE	3	1,500	0	0
POSCO	ADR	693483109	347	5,000	SH		SOLE	3	5,000	0	0
POST PPTYS	COM	737464107	69	1,400	SH		SOLE	3	1,400	0	0
PPG INDS	COM	693506107	1,432	7,400	SH		SOLE	3	7,400	0	0
PPL	COM	69351T106	590	17,800	SH		SOLE	3	17,800	0	0
PRAXAIR	COM	74005P104	1,729	13,200	SH		SOLE	3	13,200	0	0
PRECISION CASTPARTS	COM	740189105	1,163	4,600	SH		SOLE	3	4,600	0	0
PRICE T ROWE GROUP	COM	74144T108	609	7,400	SH		SOLE	3	7,400	0	0
PRICELINE COM	COM NEW	741503403	1,824	1,530	SH		SOLE	3	1,530	0	0
PRINCIPAL FINL GROUP	COM	74251V102	5,712	124,200	SH		SOLE	3	124,200	0	0
PROCTER & GAMBLE	COM	742718109	89	1,100	SH		OTR	3	1,100	0	0
PROCTER & GAMBLE	COM	742718109	5,943	73,737	SH		SOLE	3	73,737	0	0
PROGRESSIVE CORP	COM	743315103	392	16,200	SH		SOLE	3	16,200	0	0
PROLOGIS	COM	74340W103	657,515	16,103,730	SH		OTR	3	16,103,730	0	0
PROLOGIS	COM	74340W103	1,147	28,084	SH		SOLE	3	28,084	0	0
PROLOGIS	NOTE 3.250% 3/1	743410AY8	2,895	2,497,000	PRN		DFND	4,1,2	2,497,000	0	0
PRUDENTIAL FINL	COM	744320102	322	3,800	SH		OTR	3	3,800	0	0
PRUDENTIAL FINL	COM	744320102	10,886	128,600	SH		SOLE	3	128,600	0	0
PS BUSINESS PKS INC	COM	69360J107	42	500	SH		SOLE	3	500	0	0
PUBLIC	COM	74460D109	540,255	3,206,450	SH		OTR	3	3,206,450	0	0
PUBLIC	COM	74460D109	1,382	8,200	SH		SOLE	3	8,200	0	0
PUBLIC SVC ENTERPRISE	COM	744573106	515	13,500	SH		SOLE	3	13,500	0	0
PULTE GROUP	COM	745867101	157	8,200	SH		SOLE	3	8,200	0	0
PVH	COM	693656100	299	2,400	SH		SOLE	3	2,400	0	0
QEP RES	COM	74733V100	150	5,100	SH		SOLE	3	5,100	0	0
QTS RLTY TR INC	CL A	74736A103	10	400	SH		SOLE	3	400	0	0
QUALCOMM	COM	747525103	197	2,500	SH		OTR	3	2,500	0	0
QUALCOMM	COM	747525103	4,479	56,800	SH		SOLE	3	56,800	0	0
QUANTA SVCS	COM	74762E102	520	14,100	SH		SOLE	3	14,100	0	0
QUEST DIAGNOSTICS	COM	74834L100	220	3,800	SH		SOLE	3	3,800	0	0
RACKSPACE HOSTING	COM	750086100	108	3,300	SH		SOLE	3	3,300	0	0
RALPH LAUREN	CL A	751212101	3,106	19,300	SH		OTR	3	19,300	0	0
RALPH LAUREN	CL A	751212101	274	1,700	SH		SOLE	3	1,700	0	0
RANGE RES	COM	75281A109	357	4,300	SH		SOLE	3	4,300	0	0
RAYMOND JAMES FINANCIAL	COM	754730109	168	3,000	SH		SOLE	3	3,000	0	0
RAYONIER	COM	754907103	138	3,000	SH		SOLE	3	3,000	0	0
RAYTHEON	COM NEW	755111507	7,508	76,000	SH		SOLE	3	76,000	0	0
REALOGY HLDGS	COM	75605Y106	156	3,600	SH		SOLE	3	3,600	0	0
REALTY INCOME	COM	756109104	185,168	4,531,765	SH		OTR	3	4,531,765	0	0
REALTY INCOME	COM	756109104	427	10,450	SH		SOLE	3	10,450	0	0
RED HAT	COM	756577102	286	5,400	SH		SOLE	3	5,400	0	0
REGENCY CTRS	COM	758849103	268,644	5,261,338	SH		OTR	3	5,261,338	0	0
REGENCY CTRS	COM	758849103	332	6,500	SH		SOLE	3	6,500	0	0
REGENERON	COM	75886F107	661	2,200	SH		SOLE	3	2,200	0	0
REGIONS FINL CORP	COM	7591EP100	427	38,435	SH		SOLE	3	38,435	0	0
RENAISSANCERE HOLDINGS	COM	G7496G103	127	1,300	SH		SOLE	3	1,300	0	0
REPUBLIC SVCS	COM	760759100	167	4,900	SH		OTR	3	4,900	0	0
REPUBLIC SVCS	COM	760759100	280	8,200	SH		SOLE	3	8,200	0	0
RESMED	COM	761152107	161	3,600	SH		SOLE	3	3,600	0	0
RETAIL OPPORTUNITY INVTS	COM	76131N101	25	1,700	SH		SOLE	3	1,700	0	0
RETAIL PPTYS AMER	CL A	76131V202	98,291	7,259,333	SH		OTR	3	7,259,333	0	0
RETAIL PPTYS AMER	CL A	76131V202	66	4,900	SH		SOLE	3	4,900	0	0
REXFORD INDL RLTY	COM	76169C100	2,090	147,413	SH		OTR	3	147,413	0	0
REXFORD INDL RLTY	COM	76169C100	6	400	SH		SOLE	3	400	0	0
REYNOLDS AMERICAN	COM	761713106	459	8,600	SH		SOLE	3	8,600	0	0
RLJ LODGING	COM	74965L101	122,355	4,575,742	SH		OTR	3	4,575,742	0	0
RLJ LODGING	COM	74965L101	83	3,100	SH		SOLE	3	3,100	0	0
ROBERT HALF INTL	COM	770323103	185	4,400	SH		SOLE	3	4,400	0	0
ROCK-TENN	CL A	772739207	232	2,200	SH		SOLE	3	2,200	0	0
ROCKWELL AUTOMATION	COM	773903109	650	5,220	SH		SOLE	3	5,220	0	0
ROCKWELL COLLINS	COM	774341101	287	3,600	SH		SOLE	3	3,600	0	0
ROCKWOOD HLDGS	COM	774415103	335	4,500	SH		SOLE	3	4,500	0	0
ROPER INDS INC	COM	776696106	387	2,900	SH		SOLE	3	2,900	0	0
ROSS STORES	COM	778296103	122	1,700	SH		OTR	3	1,700	0	0
ROSS STORES	COM	778296103	415	5,800	SH		SOLE	3	5,800	0	0
ROUSE PPTYS	COM	779287101	12	707	SH		SOLE	3	707	0	0
ROWAN COMPANIES PLC	CL A	G7665A101	172	5,100	SH		SOLE	3	5,100	0	0
ROYAL CARIBBEAN CRUISES	COM	V7780T103	218	4,000	SH		SOLE	3	4,000	0	0
RTI INTL METALS	COM	74973W107	217	7,800	SH		SOLE	3	7,800	0	0
RYMAN HOSPITALITY PPTYS	COM	78377T107	55	1,300	SH		SOLE	3	1,300	0	0
SABRA HEALTH CARE REIT	COM	78573L106	25	900	SH		SOLE	3	900	0	0
SAFEWAY	COM NEW	786514208	240	6,500	SH		SOLE	3	6,500	0	0
SALESFORCE COM	COM	79466L302	279	4,900	SH		SOLE		4,900	0	0
SALESFORCE COM	COM	79466L302	896	15,700	SH		SOLE	3	15,700	0	0
SANDISK	COM	80004C101	170	2,100	SH		OTR	3	2,100	0	0
SANDISK	COM	80004C101	3,889	47,900	SH		SOLE	3	47,900	0	0
SASOL LTD	ADR	803866300	106	1,900	SH		SOLE	3	1,900	0	0
SAUL CTRS	COM	804395101	14	300	SH		SOLE	3	300	0	0
SBA COMMUNICATIONS	COM	78388J106	327	3,600	SH		SOLE	3	3,600	0	0
SCANA CORP	COM	80589M102	159	3,100	SH		SOLE	3	3,100	0	0
SCHEIN HENRY	COM	806407102	298	2,500	SH		SOLE	3	2,500	0	0
SCHLUMBERGER	COM	806857108	80	825	SH		OTR	3	825	0	0
SCHLUMBERGER	COM	806857108	3,482	35,717	SH		SOLE	3	35,717	0	0
SCHWAB CHARLES CORP	COM	808513105	883	32,300	SH		SOLE	3	32,300	0	0
SCRIPPS NETWORKS INTERACT IN CL	COM	811065101	190	2,500	SH		SOLE	3	2,500	0	0
SEAGATE TECHNOLOGY	SHS	G7945M107	489	8,700	SH		SOLE	3	8,700	0	0
SEALED AIR CORP	COM	81211K100	145	4,400	SH		SOLE	3	4,400	0	0
SEARS HLDGS	COM	812350106	78	1,625	SH		SOLE	3	1,625	0	0
SEI INVESTMENTS	COM	784117103	138	4,100	SH		SOLE	3	4,100	0	0
SEMPRA	COM	816851109	3,435	35,500	SH		SOLE	3	35,500	0	0
SENSATA TECHNOLOGIES HLDG	SHS	N7902X106	136	3,200	SH		SOLE	3	3,200	0	0
SERVICENOW	COM	81762P102	222	3,700	SH		SOLE	3	3,700	0	0
SHERWIN WILLIAMS	COM	824348106	453	2,300	SH		SOLE	3	2,300	0	0
SHINHAN FINANCIAL GROUP CO	L SPN ADR RESTRD	824596100	360	8,200	SH		SOLE	3	8,200	0	0
SIGMA ALDRICH	COM	826552101	336	3,600	SH		SOLE	3	3,600	0	0
SILVER BAY RLTY TR	COM	82735Q102	14	900	SH		SOLE	3	900	0	0
SIMON PPTY GROUP INC	COM	828806109	1,442,734	8,797,158	SH		OTR	3	8,797,158	0	0
SIMON PPTY GROUP INC	COM	828806109	2,806	17,111	SH		SOLE	3	17,111	0	0
SIRIUS XM HLDGS	COM	82968B103	287	89,700	SH		SOLE	3	89,700	0	0
SIX FLAGS ENTMT CORP	COM	83001A102	7,384	183,900	SH		SOLE	3	183,900	0	0
SK TELECOM LTD	ADR	78440P108	29	1,300	SH		SOLE	3	1,300	0	0
SL GREEN RLTY	COM	78440X101	422,026	4,194,252	SH		OTR	3	4,194,252	0	0
SL GREEN RLTY	COM	78440X101	493	4,900	SH		SOLE	3	4,900	0	0
SLM	COM	78442P106	4,698	191,900	SH		SOLE	3	191,900	0	0
SMUCKER J M	COM NEW	832696405	301	3,100	SH		SOLE	3	3,100	0	0
SOLARCITY	COM	83416T100	187	3,000	SH		DFND	1,2	3,000	0	0
SOLAZYME	COM	83415T101	130	11,200	SH		SOLE	3	11,200	0	0
SOLAZYME	PUT	83415T951	59	500	SH		DFND	4,1,2	500	0	0
SOUTHERN	COM	842587107	1,046	23,800	SH		SOLE	3	23,800	0	0
SOUTHWEST AIRLS	COM	844741108	142	6,000	SH		SOLE	3	6,000	0	0
SOUTHWESTERN ENERGY	COM	845467109	442	9,600	SH		SOLE	3	9,600	0	0
SOVRAN SELF STORAGE	COM	84610H108	66	900	SH		SOLE	3	900	0	0
SPDR GOLD TRUST	SHS	78463V107	494	4,000	SH		SOLE	3	4,000	0	0
SPDR S&P 500 ETF	PUT	78462F953	87	250	SH		DFND	4,1,2	250	0	0
SPECTRA ENERGY	COM	847560109	687	18,596	SH		SOLE	3	18,596	0	0
SPIRIT AIRLS	COM	848577102	546	9,200	SH		SOLE	3	9,200	0	0
SPIRIT RLTY CAP INC	COM	84860W102	101	9,200	SH		SOLE	3	9,200	0	0
SPX	COM	784635104	147	1,500	SH		SOLE	3	1,500	0	0
ST JUDE MED	COM	790849103	6,814	104,200	SH		SOLE	3	104,200	0	0
STAG INDL	COM	85254J102	2,360	97,919	SH		OTR	3	97,919	0	0
STAG INDL	COM	85254J102	27	1,100	SH		SOLE	3	1,100	0	0
STANLEY BLACK & DECKER	COM	854502101	335	4,124	SH		SOLE	3	4,124	0	0
STAPLES	COM	855030102	212	18,700	SH		SOLE	3	18,700	0	0
STARBUCKS	COM	855244109	1,504	20,500	SH		SOLE	3	20,500	0	0
STARWOOD HOTELS&RESORTS	COM	85590A401	2,277	28,600	SH		OTR	3	28,600	0	0
STARWOOD HOTELS&RESORTS	COM	85590A401	454	5,700	SH		SOLE	3	5,700	0	0
STARWOOD WAYPOINT RESIDENTL	SHS	85571W109	29	1,000	SH		SOLE	3	1,000	0	0
STATE STR	COM	857477103	1,554	22,343	SH		SOLE	3	22,343	0	0
STERICYCLE	COM	858912108	295	2,600	SH		SOLE	3	2,600	0	0
STRATEGIC HOTELS & RESORTS	COM	86272T106	16,110	1,580,964	SH		OTR	3	1,580,964	0	0
STRATEGIC HOTELS & RESORTS	COM	86272T106	49	4,800	SH		SOLE	3	4,800	0	0
STRYKER	COM	863667101	660	8,100	SH		SOLE	3	8,100	0	0
SUMMIT HOTEL	COM	866082100	19	2,000	SH		SOLE	3	2,000	0	0
SUN CMNTYS	COM	866674104	1,775	39,359	SH		OTR	3	39,359	0	0
SUN CMNTYS	COM	866674104	41	900	SH		SOLE	3	900	0	0
SUNPOWER	COM	867652406	181	5,600	SH		SOLE	3	5,600	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	29,374	2,139,416	SH		OTR	3	2,139,416	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	63	4,570	SH		SOLE	3	4,570	0	0
SUNTRUST BKS	COM	867914103	611	15,348	SH		SOLE	3	15,348	0	0
SUPERIOR ENERGY SVCS	COM	868157108	129	4,200	SH		SOLE	3	4,200	0	0
SYMANTEC	COM	871503108	361	18,100	SH		SOLE	3	18,100	0	0
SYNOPSYS	COM	871607107	188	4,900	SH		SOLE	3	4,900	0	0
SYSCO	COM	871829107	567	15,700	SH		SOLE	3	15,700	0	0
T-MOBILE US	COM	872590104	243	7,350	SH		SOLE	3	7,350	0	0
TAIWAN SEMICONDUCTOR MFG LTD	ADR	874039100	448	22,400	SH		SOLE	3	22,400	0	0
TANGER FACTORY OUTLET CTRS	COM	875465106	8,273	236,360	SH		OTR	3	236,360	0	0
TANGER FACTORY OUTLET CTRS	COM	875465106	88	2,500	SH		SOLE	3	2,500	0	0
TARGET	COM	87612E106	980	16,200	SH		SOLE	3	16,200	0	0
TATA MTRS LTD	ADR	876568502	375	10,600	SH		SOLE	3	10,600	0	0
TAUBMAN CTRS	COM	876664103	153,677	2,170,892	SH		OTR	3	2,170,892	0	0
TAUBMAN CTRS	COM	876664103	113	1,600	SH		SOLE	3	1,600	0	0
TD AMERITRADE HLDG	COM	87236Y108	194	5,700	SH		SOLE	3	5,700	0	0
TE CONNECTIVITY LTD	SHS	H84989104	7,767	129,000	SH		OTR	3	129,000	0	0
TE CONNECTIVITY LTD	SHS	H84989104	7,203	119,625	SH		SOLE	3	119,625	0	0
TELEFONICA BRASIL SA	ADR	87936R106	17	800	SH		SOLE	3	800	0	0
TELEFONICA BRASIL SA	ADR	87936R106	4,742	223,260	SH		SOLE	3	223,260	0	0
TENET HEALTHCARE	COM NEW	88033G407	5,754	134,400	SH		OTR	3	134,400	0	0
TERADATA CORP	COM	88076W103	241	4,900	SH		SOLE	3	4,900	0	0
TERRENO RLTY	COM	88146M101	11	600	SH		SOLE	3	600	0	0
TESLA MTRS	COM	88160R101	625	3,000	SH		DFND	1,2	3,000	0	0
TESLA MTRS	COM	88160R101	605	2,900	SH		SOLE	3	2,900	0	0
TESORO	COM	881609101	157	3,100	SH		SOLE	3	3,100	0	0
TEXAS INSTRS	COM	882508104	1,401	29,700	SH		SOLE	3	29,700	0	0
TEXTRON	COM	883203101	306	7,800	SH		SOLE	3	7,800	0	0
THE ADT	COM	00101J106	177	5,912	SH		SOLE	3	5,912	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	204	1,694	SH		OTR	3	1,694	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	1,166	9,700	SH		SOLE	3	9,700	0	0
TIFFANY & CO	COM	886547108	2,188	25,400	SH		OTR	3	25,400	0	0
TIFFANY & CO	COM	886547108	586	6,800	SH		SOLE	3	6,800	0	0
TIM PARTICIPACOES S A	ADR	88706P205	10	400	SH		SOLE	3	400	0	0
TIM PARTICIPACOES S A	ADR	88706P205	3,300	127,136	SH		SOLE	3	127,136	0	0
TIME WARNER	COM NEW	887317303	1,875	28,699	SH		SOLE	3	28,699	0	0
TIME WARNER CABLE	COM	88732J207	82	600	SH		OTR	3	600	0	0
TIME WARNER CABLE	COM	88732J207	1,037	7,560	SH		SOLE	3	7,560	0	0
TJX COS INC	COM	872540109	4,640	76,500	SH		SOLE	3	76,500	0	0
TOLL BROTHERS	COM	889478103	176	4,900	SH		SOLE	3	4,900	0	0
TORCHMARK	COM	891027104	216	2,750	SH		SOLE	3	2,750	0	0
TOTAL SYS SVCS	COM	891906109	151	4,951	SH		SOLE	3	4,951	0	0
TOWERS WATSON &	CL A	891894107	171	1,500	SH		SOLE	3	1,500	0	0
TRACTOR SUPPLY	COM	892356106	297	4,200	SH		SOLE	3	4,200	0	0
TRANSDIGM GROUP	COM	893641100	222	1,200	SH		SOLE	3	1,200	0	0
TRAVELERS COMPANIES	COM	89417E109	853	10,023	SH		SOLE	3	10,023	0	0
TRIMBLE NAVIGATION	COM	896239100	233	6,000	SH		SOLE	3	6,000	0	0
TRINITY INDS INC	NOTE 3.875% 6/0 DELETED	896522AF6	3,974	2,500,000	PRN		DFND	4,1,2	2,500,000	0	0
TRIPADVISOR	COM	896945201	290	3,200	SH		SOLE	3	3,200	0	0
TRIUMPH GROUP INC	COM	896818101	116	1,800	SH		OTR	3	1,800	0	0
TRW AUTOMOTIVE HLDGS	COM	87264S106	6,366	78,000	SH		SOLE	3	78,000	0	0
TWENTY FIRST CENTY FOX	CL A	90130A101	4,765	149,050	SH		SOLE	3	149,050	0	0
TYCO INTERNATIONAL	SHS	H89128104	692	16,325	SH		SOLE	3	16,325	0	0
TYSON FOODS	CL A	902494103	299	6,800	SH		OTR	3	6,800	0	0
TYSON FOODS	CL A	902494103	343	7,800	SH		SOLE	3	7,800	0	0
U M H PROPERTIES	COM	903002103	4	400	SH		SOLE	3	400	0	0
UDR	COM	902653104	298,638	11,561,686	SH		OTR	3	11,561,686	0	0
UDR	COM	902653104	351	13,600	SH		SOLE	3	13,600	0	0
ULTA SALON COSMETCS & FRAG	COM	90384S303	175	1,800	SH		SOLE	3	1,800	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	22	900	SH		SOLE	3	900	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	12,946	537,400	SH		SOLE	3	537,400	0	0
UNDER ARMOUR	CL A	904311107	218	1,900	SH		SOLE	3	1,900	0	0
UNION PAC	COM	907818108	6,390	34,050	SH		OTR	3	34,050	0	0
UNION PAC	COM	907818108	14,703	78,350	SH		SOLE	3	78,350	0	0
UNITED CONTL HLDGS	COM	910047109	85	1,900	SH		SOLE	3	1,900	0	0
UNITED RENTALS	COM	911363109	779	8,200	SH		SOLE	3	8,200	0	0
UNITED TECHNOLOGIES	COM	913017109	3,575	30,600	SH		SOLE	3	30,600	0	0
UNITEDHEALTH GROUP	COM	91324P102	9,357	114,126	SH		SOLE	3	114,126	0	0
UNUM	COM	91529Y106	272	7,700	SH		SOLE	3	7,700	0	0
URBAN OUTFITTERS	COM	917047102	146	4,000	SH		SOLE	3	4,000	0	0
URSTADT BIDDLE PPTYS	CL A	917286205	14	700	SH		SOLE	3	700	0	0
US BANCORP	COM NEW	902973304	7,380	172,200	SH		SOLE	3	172,200	0	0
V F	COM	918204108	87	1,400	SH		OTR	3	1,400	0	0
V F	COM	918204108	594	9,600	SH		SOLE	3	9,600	0	0
VALE S	ADR	91912E105	173	12,500	SH		SOLE	3	12,500	0	0
VALE S	ADR	91912E105	916	66,200	SH		SOLE	3	66,200	0	0
VALERO ENERGY CORP	COM	91913Y100	764	14,392	SH		SOLE	3	14,392	0	0
VANTIV	CL A	92210H105	88	2,900	SH		SOLE	3	2,900	0	0
VARIAN MED SYS	COM	92220P105	227	2,700	SH		SOLE	3	2,700	0	0
VECTOR GROUP	PUT	92240M958	1	250	SH		DFND	4,1,2	250	0	0
VECTOR GROUP	PUT	92240M958	4	453	SH		DFND	4,1,2	453	0	0
VENTAS	COM	92276F100	534,750	8,828,630	SH		OTR	3	8,828,630	0	0
VENTAS	COM	92276F100	989	16,324	SH		SOLE	3	16,324	0	0
VERISIGN	COM	92343E102	4,259	79,000	SH		SOLE	3	79,000	0	0
VERISK ANALYTICS	CL A	92345Y106	246	4,100	SH		SOLE	3	4,100	0	0
VERIZON COMMUNICATIONS	COM	92343V104	5,316	111,748	SH		SOLE	3	111,748	0	0
VERTEX PHARMACEUTICALS	COM	92532F100	460	6,500	SH		SOLE	3	6,500	0	0
VISA INC	CL A	92826C839	2,914	13,500	SH		OTR	3	13,500	0	0
VISA INC	CL A	92826C839	3,799	17,600	SH		SOLE	3	17,600	0	0
VIVUS	COM	928551100	237	40,000	SH		DFND	4,1,2	40,000	0	0
VIVUS	PUT	928551950	53	500	SH		DFND	4,1,2	500	0	0
VMWARE INC CL	COM	928563402	421	3,900	SH		SOLE	3	3,900	0	0
VULCAN MATLS	COM	929160109	239	3,600	SH		SOLE	3	3,600	0	0
W P CAREY	COM	92936U109	90	1,500	SH		SOLE	3	1,500	0	0
WABCO HLDGS	COM	92927K102	2,586	24,500	SH		SOLE	3	24,500	0	0
WAL-MART STORES	COM	931142103	199	2,600	SH		OTR	3	2,600	0	0
WAL-MART STORES	COM	931142103	3,401	44,500	SH		SOLE	3	44,500	0	0
WALGREEN	COM	931422109	1,611	24,400	SH		SOLE	3	24,400	0	0
WASTE MGMT INC	COM	94106L109	517	12,300	SH		SOLE	3	12,300	0	0
WATERS	COM	941848103	260	2,400	SH		SOLE	3	2,400	0	0
WEATHERFORD INTERNATIONAL LT	SHS	H27013103	370	21,300	SH		SOLE	3	21,300	0	0
WEBMD HEALTH	COM	94770V102	1,459	35,250	SH		DFND	4,1,2	35,250	0	0
WEBMD HEALTH	PUT	94770V952	21	2,165	SH		DFND	4,1,2	2,165	0	0
WEBMD HEALTH	PUT	94770V952	104	1,500	SH		DFND	4,1,2	1,500	0	0
WEBMD HEALTH CORP	NOTE 2.500% 1/3	94770VAF9	11,579	11,500,000	PRN		DFND	4,1,2	11,500,000	0	0
WELLPOINT	COM	94973V107	836	8,400	SH		SOLE	3	8,400	0	0
WELLS FARGO & CO	COM	949746101	5,667	113,926	SH		OTR	3	113,926	0	0
WELLS FARGO & CO	COM	949746101	6,999	140,709	SH		SOLE	3	140,709	0	0
WESTAR ENERGY	COM	95709T100	91	2,600	SH		OTR	3	2,600	0	0
WESTERN DIGITAL	COM	958102105	6,308	68,700	SH		SOLE	3	68,700	0	0
WESTERN UN	COM	959802109	245	14,946	SH		SOLE	3	14,946	0	0
WEYERHAEUSER	COM	962166104	462	15,758	SH		SOLE	3	15,758	0	0
WHIRLPOOL	COM	963320106	344	2,300	SH		SOLE	3	2,300	0	0
WHITESTONE	COM	966084204	7	500	SH		SOLE	3	500	0	0
WHITING PETE CORP	COM	966387102	215	3,100	SH		SOLE	3	3,100	0	0
WHOLE FOODS MKT	COM	966837106	502	9,900	SH		SOLE	3	9,900	0	0
WILLIAMS COS INC	COM	969457100	747	18,400	SH		SOLE	3	18,400	0	0
WILLIS GROUP HOLDINGS	SHS	G96666105	216	4,900	SH		SOLE	3	4,900	0	0
WINDSTREAM HLDGS	COM	97382A101	154	18,700	SH		SOLE	3	18,700	0	0
WISCONSIN ENERGY	COM	976657106	298	6,400	SH		SOLE	3	6,400	0	0
WOODWARD	COM	980745103	179	4,300	SH		SOLE	3	4,300	0	0
WORKDAY	CL A	98138H101	183	2,000	SH		SOLE	3	2,000	0	0
WYNDHAM WORLDWIDE	COM	98310W108	5,866	80,100	SH		SOLE	3	80,100	0	0
WYNN RESORTS	COM	983134107	533	2,400	SH		SOLE	3	2,400	0	0
XCEL ENERGY	COM	98389B100	410	13,500	SH		SOLE	3	13,500	0	0
XEROX	COM	984121103	358	31,653	SH		SOLE	3	31,653	0	0
XILINX	COM	983919101	423	7,800	SH		SOLE	3	7,800	0	0
XL GROUP	SHS	G98290102	266	8,500	SH		SOLE	3	8,500	0	0
XYLEM	COM	98419M100	226	6,200	SH		SOLE	3	6,200	0	0
YAHOO	COM	984332106	71	2,000	SH		DFND	1,2	2,000	0	0
YAHOO	COM	984332106	861	23,993	SH		SOLE		23,993	0	0
YAHOO	COM	984332106	10,580	294,700	SH		SOLE	3	294,700	0	0
YANZHOU COAL MNG CO LTD SPON ADR	SHS	984846105	8	1,000	SH		SOLE	3	1,000	0	0
YELP	CL A	985817105	192	2,500	SH		DFND	1,2	2,500	0	0
YUM BRANDS	COM	988498101	912	12,100	SH		SOLE	3	12,100	0	0
ZIMMER HLDGS	COM	98956P102	454	4,800	SH		SOLE	3	4,800	0	0
ZOETIS	CL A	98978V103	339	11,700	SH		SOLE	3	11,700	0	0