Daiwa Securities (DSECF) 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
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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	48	1,741	SH		SOLE	3	1,741	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS ADDED	01609W102	246	2,770	SH		OTR	3	2,770	0	0
AMREIT INC	NEW CL B	03216B208	11	500	SH		SOLE	3	500	0	0
BAIDU INC	SPON ADR REP A	056752108	55	250	SH		OTR	3	250	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	222	15,600	SH		SOLE	3	15,600	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	26,715	1,874,717	SH		SOLE	3	1,874,717	0	0
BANCO SANTANDER BRASIL	S A ADS REP 1 UNIT	05967A107	12	1,900	SH		SOLE	3	1,900	0	0
BANCO SANTANDER BRASIL	S A ADS REP 1 UNIT	05967A107	2,863	437,800	SH		SOLE	3	437,800	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	34	600	SH		SOLE	3	600	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06742E711	374	12,000	SH		DFND	1,2	12,000	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	4,006	29,000	SH		SOLE	3	29,000	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	9,746	692,695	SH		OTR	3	692,695	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	70	5,000	SH		SOLE	3	5,000	0	0
BRASKEM S A SP	ADR PFD A	105532105	182	13,800	SH		SOLE	3	13,800	0	0
BROWN FORMAN	CORP CL B	115637209	289	3,200	SH		SOLE	3	3,200	0	0
CABLEVISION SYS CORP	CL A NY CABLVS	12686C109	116	6,600	SH		SOLE	3	6,600	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	322	4,700	SH		SOLE	3	4,700	0	0
CARNIVAL CORP	PAIRED CTF	143658300	482	12,000	SH		SOLE	3	12,000	0	0
CBS CORP NEW	CL B	124857202	689	12,871	SH		SOLE	3	12,871	0	0
CELANESE CORP DEL	COM SER A	150870103	246	4,200	SH		SOLE	3	4,200	0	0
CEMEX SAB DE CV SPON	ADR NEW	151290889	391	30,000	SH		DFND	4,1,2	30,000	0	0
CEMEX SAB DE CV SPON	ADR NEW	151290889	96	4,000	SH		DFND	4,1,2	4,000	0	0
CEMEX SAB DE CV SPON	ADR NEW	151290889	330	25,329	SH		SOLE	3	25,329	0	0
CHARTER COMMUNICATIONS INC	D CL A NEW	16117M305	257	1,700	SH		SOLE	3	1,700	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	44	1,500	SH		SOLE	3	1,500	0	0
COMCAST CORP NEW CL	A SPL	20030N200	610	11,400	SH		SOLE	3	11,400	0	0
COMPANHIA ENERGETICA DE MINA SP	ADR N-V PFD	204409601	118	19,000	SH		SOLE	3	19,000	0	0
CORPORATE OFFICE PPTYS TR	SH BEN INT	22002T108	103,603	4,028,109	SH		OTR	3	4,028,109	0	0
CORPORATE OFFICE PPTYS TR	SH BEN INT	22002T108	67	2,600	SH		SOLE	3	2,600	0	0
DISCOVERY COMMUNICATNS NEW COM	SER A	25470F104	138	3,640	SH		SOLE	3	3,640	0	0
DISCOVERY COMMUNICATNS NEW COM	SER C	25470F302	277	7,420	SH		SOLE	3	7,420	0	0
DISNEY WALT CO COM	DISNEY	254687106	515	5,791	SH		DFND		5,791	0	0
DISNEY WALT CO COM	DISNEY	254687106	240	2,700	SH		OTR	3	2,700	0	0
DISNEY WALT CO COM	DISNEY	254687106	14,076	158,100	SH		SOLE	3	158,100	0	0
EATON VANCE CORP	COM NON VTG	278265103	181	4,800	SH		SOLE	3	4,800	0	0
ECOPETROL S A	SPONSORED ADS	279158109	31	1,000	SH		SOLE	3	1,000	0	0
EPR PPTYS COM	SH BEN INT	26884U109	76	1,500	SH		SOLE	3	1,500	0	0
EQUITY COMWLTH COM	SH BEN INT ADDED	294628102	94	3,675	SH		SOLE	3	3,675	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	640,985	10,408,981	SH		OTR	3	10,408,981	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	1,256	20,400	SH		SOLE	3	20,400	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	193,675	1,634,940	SH		OTR	3	1,634,940	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	509	4,300	SH		SOLE	3	4,300	0	0
FOMENTO ECONOMICO MEXICANO	S SPON ADR UNITS	344419106	262	2,850	SH		SOLE	3	2,850	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	3,401	230,000	SH		DFND	4,1,2	230,000	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	647	2,500	SH		DFND	4,1,2	2,500	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	419	28,350	SH		OTR	3	28,350	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,694	114,523	SH		SOLE	3	114,523	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	1,088	33,308	SH		SOLE	3	33,308	0	0
GERDAU S A	SPON ADR REP PFD	373737105	17	3,500	SH		SOLE	3	3,500	0	0
GERDAU S A	SPON ADR REP PFD	373737105	9,413	1,961,000	SH		SOLE	3	1,961,000	0	0
GLIMCHER RLTY TR	SH BEN INT	379302102	82,299	6,078,200	SH		OTR	3	6,078,200	0	0
GLIMCHER RLTY TR	SH BEN INT	379302102	57	4,200	SH		SOLE	3	4,200	0	0
GOOGLE INC	CL C	38259P706	664	1,150	SH		OTR	3	1,150	0	0
GOOGLE INC	CL C	38259P706	4,942	8,560	SH		SOLE	3	8,560	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	44	2,000	SH		SOLE	3	2,000	0	0
GRUPO FINANCIERO SANTANDER M	SPON ADR SHS B	40053C105	23	1,700	SH		SOLE	3	1,700	0	0
HERSHA HOSPITALITY TR	SH BEN INT A	427825104	38	5,900	SH		SOLE	3	5,900	0	0
HOSPITALITY PPTYS TR	COM SH BEN INT	44106M102	115	4,300	SH		SOLE	3	4,300	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	26	3,400	SH		SOLE	3	3,400	0	0
ISHARES IBOXX HI	YD ETF	464288513	791	8,600	SH		SOLE	3	8,600	0	0
ISHARES INTL SEL DIV	ETF	464288448	629	17,570	SH		SOLE	3	17,570	0	0
ISHARES MSCI CDA	ETF	464286509	106	3,450	SH		SOLE	3	3,450	0	0
ISHARES MSCI GERMANY	ETF	464286806	305	11,000	SH		SOLE	3	11,000	0	0
ISHARES MSCI PAC	JP ETF	464286665	117	2,540	SH		SOLE	3	2,540	0	0
ISHARES TR MSCI EMG MKT	ETF	464287234	424	10,200	SH		SOLE	3	10,200	0	0
ITAU UNIBANCO HLDG	SA SPON ADR REP PFD	465562106	18,626	1,341,932	SH		SOLE	3	1,341,932	0	0
LASALLE HOTEL PPTYS	COM SH BEN INT	517942108	103	3,000	SH		SOLE	3	3,000	0	0
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	550	13,409	SH		SOLE	3	13,409	0	0
LIBERTY INTERACTIVE CORP	INT COM SER A	53071M104	329	11,550	SH		SOLE	3	11,550	0	0
LIBERTY MEDIA CORP DELAWARE COM	SER C ADDED	531229300	249	5,300	SH		SOLE	3	5,300	0	0
LIBERTY PPTY TR	SH BEN INT	531172104	19,709	592,586	SH		OTR	3	592,586	0	0
LIBERTY PPTY TR	SH BEN INT	531172104	303	9,100	SH		SOLE	3	9,100	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	1,250	11,500	SH		SOLE	3	11,500	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	201	3,000	SH		SOLE	3	3,000	0	0
MOLSON COORS BREWING CO	CL B	60871R209	313	4,200	SH		SOLE	3	4,200	0	0
NIKE INC	CL B	654106103	1,641	18,400	SH		SOLE	3	18,400	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	8,513	426,918	SH		OTR	3	426,918	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	40	2,000	SH		SOLE	3	2,000	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	54	3,600	SH		SOLE	3	3,600	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	15,565	1,045,300	SH		SOLE	3	1,045,300	0	0
POWERSHARES DB CMDTY IDX TRA	UNIT BEN INT	73935S105	84	3,600	SH		SOLE	3	3,600	0	0
POWERSHARES GLOBAL ETF TRUST	EMER MRKT PORT	73936T763	870	43,000	SH		SOLE	3	43,000	0	0
RAMCO-GERSHENSON PPTYS	TR COM SH BEN INT	751452202	15,574	958,400	SH		OTR	3	958,400	0	0
RAMCO-GERSHENSON PPTYS	TR COM SH BEN INT	751452202	36	2,200	SH		SOLE	3	2,200	0	0
SELECT INCOME REIT COM	SH BEN INT	81618T100	26	1,100	SH		SOLE	3	1,100	0	0
SENIOR HSG PPTYS TR	SH BEN INT	81721M109	123	5,900	SH		SOLE	3	5,900	0	0
SOCIEDAD QUIMICA MINERA DE C	SPON ADR SER B	833635105	10	400	SH		SOLE	3	400	0	0
SPDR DOW JONES INDL AVRG	ETF UT SER 1	78467X109	425	2,500	SH		SOLE	3	2,500	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	660	3,350	SH		OTR	3	3,350	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	1,556	7,900	SH		SOLE	3	7,900	0	0
SPRINT CORP	COM SER 1	85207U105	139	21,979	SH		SOLE	3	21,979	0	0
TWENTY FIRST CENTY FOX INC	CL B	90130A200	393	11,800	SH		SOLE	3	11,800	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	88	900	SH		OTR	3	900	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	2,064	21,000	SH		SOLE	3	21,000	0	0
UNIVERSAL HEALTH RLTY INCM T	SH BEN INT	91359E105	17	400	SH		SOLE	3	400	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	136	1,300	SH		OTR	3	1,300	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	209	2,000	SH		SOLE	3	2,000	0	0
VALE S A ADR	REPSTG PFD	91912E204	5,603	577,000	SH		SOLE	3	577,000	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	367	8,800	SH		SOLE	3	8,800	0	0
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	416	6,270	SH		SOLE	3	6,270	0	0
VIACOM INC NEW	CL B	92553P201	759	9,871	SH		SOLE	3	9,871	0	0
VORNADO RLTY TR	SH BEN INT	929042109	532,463	5,326,764	SH		OTR	3	5,326,764	0	0
VORNADO RLTY TR	SH BEN INT	929042109	977	9,769	SH		SOLE	3	9,769	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	48	1,900	SH		SOLE	3	1,900	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	212,682	6,751,797	SH		OTR	3	6,751,797	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	101	3,200	SH		SOLE	3	3,200	0	0
WINTHROP RLTY TR	SH BEN INT NEW	976391300	14	960	SH		SOLE	3	960	0	0
3-D SYS CORP	COM NEW	88554D205	6,095	131,444	SH		DFND		131,444	0	0
3M	COM	88579Y101	3,287	23,200	SH		SOLE	3	23,200	0	0
ABBOTT	COM	002824100	1,630	39,200	SH		SOLE	3	39,200	0	0
ABBVIE	COM	00287Y109	225	3,900	SH		OTR	3	3,900	0	0
ABBVIE	COM	00287Y109	2,368	41,000	SH		SOLE	3	41,000	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	163	2,000	SH		OTR	3	2,000	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	1,334	16,400	SH		SOLE	3	16,400	0	0
ACE	SHS	H0023R105	933	8,900	SH		SOLE	3	8,900	0	0
ACTIVISION BLIZZARD	COM	00507V109	231	11,100	SH		OTR	3	11,100	0	0
ACTIVISION BLIZZARD	COM	00507V109	279	13,400	SH		SOLE	3	13,400	0	0
ADOBE SYS	COM	00724F101	844	12,200	SH		SOLE	3	12,200	0	0
ADVANCE AUTO PARTS	COM	00751Y106	241	1,850	SH		SOLE	3	1,850	0	0
AES	COM	00130H105	267	18,800	SH		SOLE	3	18,800	0	0
AETNA INC	COM	00817Y108	509	6,280	SH		OTR	3	6,280	0	0
AETNA INC	COM	00817Y108	759	9,373	SH		SOLE	3	9,373	0	0
AFFILIATED MANAGERS	COM	008252108	240	1,200	SH		SOLE	3	1,200	0	0
AFLAC	COM	001055102	682	11,700	SH		SOLE	3	11,700	0	0
AGCO	COM	001084102	136	3,000	SH		SOLE	3	3,000	0	0
AGILENT TECHNOLOGIES	COM	00846U101	507	8,890	SH		SOLE	3	8,890	0	0
AGREE REALTY	COM	008492100	11	400	SH		SOLE	3	400	0	0
AIR PRODS & CHEMS	COM	009158106	742	5,700	SH		SOLE	3	5,700	0	0
AIRGAS	COM	009363102	166	1,500	SH		SOLE	3	1,500	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	574	9,600	SH		SOLE	3	9,600	0	0
ALBEMARLE	COM	012653101	130	2,200	SH		SOLE	3	2,200	0	0
ALCOA	COM	013817101	1,237	76,900	SH		SOLE	3	76,900	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	177	2,400	SH		SOLE	3	2,400	0	0
ALEXION PHARMACEUTICALS	COM	015351109	829	5,000	SH		SOLE	3	5,000	0	0
ALKERMES	SHS	G01767105	94	2,200	SH		OTR	3	2,200	0	0
ALLEGHANY CORP	COM	017175100	167	400	SH		SOLE	3	400	0	0
ALLERGAN	COM	018490102	1,372	7,700	SH		SOLE	3	7,700	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	261	1,050	SH		OTR	3	1,050	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	348	1,400	SH		SOLE	3	1,400	0	0
ALLIANT ENERGY	COM	018802108	172	3,100	SH		SOLE	3	3,100	0	0
ALLSTATE	COM	020002101	700	11,400	SH		SOLE	3	11,400	0	0
ALLY FINL	COM	02005N100	139	6,000	SH		SOLE	3	6,000	0	0
ALTERA	COM	021441100	279	7,800	SH		SOLE	3	7,800	0	0
ALTRIA GROUP	COM	02209S103	2,338	50,900	SH		SOLE	3	50,900	0	0
AMAZON COM	COM	023135106	2,700	8,374	SH		DFND		8,374	0	0
AMAZON COM	COM	023135106	2,954	9,160	SH		OTR	3	9,160	0	0
AMAZON COM	COM	023135106	3,257	10,100	SH		SOLE	3	10,100	0	0
AMBARELLA	SHS	G037AX101	786	18,000	SH		DFND	1,2	18,000	0	0
AMBEV SA	ADR	02319V103	2,939	448,700	SH		SOLE	3	448,700	0	0
AMEREN	COM	023608102	257	6,700	SH		SOLE	3	6,700	0	0
AMERICA MOVIL SAB DE CV SPON ADR	SHS	02364W105	325	12,900	SH		SOLE	3	12,900	0	0
AMERICAN AIRLS GROUP	COM	02376R102	177	5,000	SH		SOLE	3	5,000	0	0
AMERICAN ASSETS TR	COM	024013104	16,734	507,556	SH		OTR	3	507,556	0	0
AMERICAN ASSETS TR	COM	024013104	36	1,100	SH		SOLE	3	1,100	0	0
AMERICAN CAMPUS CMNTYS	COM	024835100	108	2,968	SH		SOLE	3	2,968	0	0
AMERICAN CAPITAL AGENCY	COM	02503X105	181	8,500	SH		SOLE	3	8,500	0	0
AMERICAN ELEC PWR	COM	025537101	658	12,600	SH		SOLE	3	12,600	0	0
AMERICAN EXPRESS	COM	025816109	123	1,400	SH		OTR	3	1,400	0	0
AMERICAN EXPRESS	COM	025816109	2,307	26,350	SH		SOLE	3	26,350	0	0
AMERICAN HOMES 4	CL A	02665T306	90,320	5,347,548	SH		OTR	3	5,347,548	0	0
AMERICAN HOMES 4	CL A	02665T306	66	3,900	SH		SOLE	3	3,900	0	0
AMERICAN INTL GROUP	COM NEW	026874784	4,263	78,910	SH		OTR	3	78,910	0	0
AMERICAN INTL GROUP	COM NEW	026874784	1,896	35,092	SH		SOLE	3	35,092	0	0
AMERICAN RESIDENTIAL PPTYS	COM	02927E303	17	900	SH		SOLE	3	900	0	0
AMERICAN RLTY CAP PPTYS	COM	02917T104	211,211	17,513,353	SH		OTR	3	17,513,353	0	0
AMERICAN RLTY CAP PPTYS	COM	02917T104	591	48,974	SH		SOLE	3	48,974	0	0
AMERICAN TOWER CORP	COM	03027X100	983	10,500	SH		SOLE	3	10,500	0	0
AMERICAN WTR WKS CO INC	COM	030420103	217	4,500	SH		SOLE	3	4,500	0	0
AMERIPRISE FINL	COM	03076C106	416	3,370	SH		OTR	3	3,370	0	0
AMERIPRISE FINL	COM	03076C106	16,232	131,560	SH		SOLE	3	131,560	0	0
AMERISOURCEBERGEN	COM	03073E105	9,577	123,900	SH		SOLE	3	123,900	0	0
AMETEK INC	COM	031100100	326	6,500	SH		SOLE	3	6,500	0	0
AMGEN	COM	031162100	346	2,460	SH		OTR	3	2,460	0	0
AMGEN	COM	031162100	2,753	19,600	SH		SOLE	3	19,600	0	0
AMPHENOL CORP	CL A	032095101	429	4,300	SH		SOLE	3	4,300	0	0
ANADARKO PETE	COM	032511107	201	1,980	SH		OTR	3	1,980	0	0
ANADARKO PETE	COM	032511107	1,329	13,100	SH		SOLE	3	13,100	0	0
ANALOG DEVICES	COM	032654105	401	8,100	SH		SOLE	3	8,100	0	0
ANNALY CAP MGMT	COM	035710409	245	22,900	SH		SOLE	3	22,900	0	0
ANSYS	COM	03662Q105	159	2,100	SH		SOLE	3	2,100	0	0
AON PLC	CL A	G0408V102	3,112	35,500	SH		OTR	3	35,500	0	0
AON PLC	CL A	G0408V102	649	7,400	SH		SOLE	3	7,400	0	0
APACHE	COM	037411105	921	9,810	SH		SOLE	3	9,810	0	0
APARTMENT INVT & MGMT	CL A	03748R101	244,848	7,694,780	SH		OTR	3	7,694,780	0	0
APARTMENT INVT & MGMT	CL A	03748R101	156	4,892	SH		SOLE	3	4,892	0	0
APPLE	COM	037833100	2,529	25,102	SH		DFND		25,102	0	0
APPLE	COM	037833100	1,262	500	SH		DFND	4,1,2	500	0	0
APPLE	COM	037833100	4,714	46,790	SH		OTR	3	46,790	0	0
APPLE	COM	037833100	25,619	254,285	SH		SOLE	3	254,285	0	0
APPLIED MATLS	COM	038222105	6,154	284,780	SH		OTR	3	284,780	0	0
APPLIED MATLS	COM	038222105	888	41,100	SH		SOLE	3	41,100	0	0
ARCH CAP GROUP	ORD	G0450A105	202	3,700	SH		SOLE	3	3,700	0	0
ARCHER DANIELS MIDLAND	COM	039483102	3,209	62,800	SH		SOLE	3	62,800	0	0
ARMADA HOFFLER PPTYS	COM	04208T108	6	700	SH		SOLE	3	700	0	0
ARROW ELECTRS	COM	042735100	149	2,700	SH		SOLE	3	2,700	0	0
ARTISAN PARTNERS ASSET	CL A	04316A108	90	1,720	SH		OTR	3	1,720	0	0
ASHFORD HOSPITALITY PRIME	COM	044102101	2,250	147,761	SH		OTR	3	147,761	0	0
ASHFORD HOSPITALITY PRIME	COM	044102101	10	660	SH		SOLE	3	660	0	0
ASHFORD HOSPITALITY TR	INC 9% CUM PFD SER E	044103505	11	400	SH		OTR	3	0	0	0
ASHFORD HOSPITALITY TR INC	SHS	044103109	22	2,200	SH		SOLE	3	2,200	0	0
ASHLAND INC	COM	044209104	187	1,800	SH		SOLE	3	1,800	0	0
ASSOCIATED ESTATES RLTY	COM	045604105	30	1,700	SH		SOLE	3	1,700	0	0
ASSURANT	COM	04621X108	135	2,100	SH		SOLE	3	2,100	0	0
AT&T	COM	00206R102	314	8,900	SH		OTR	3	8,900	0	0
AT&T	COM	00206R102	4,711	133,695	SH		SOLE	3	133,695	0	0
ATWOOD OCEANICS	COM	050095108	186	4,275	SH		DFND	4,1,2	4,275	0	0
AUTODESK	COM	052769106	331	6,000	SH		SOLE	3	6,000	0	0
AUTOLIV	COM	052800109	239	2,600	SH		SOLE	3	2,600	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	926	12,700	SH		SOLE	3	12,700	0	0
AUTONATION	COM	05329W102	86	1,700	SH		SOLE	3	1,700	0	0
AUTOZONE	COM	053332102	408	800	SH		SOLE	3	800	0	0
AVAGO TECHNOLOGIES	SHS	Y0486S104	374	4,300	SH		OTR	3	4,300	0	0
AVAGO TECHNOLOGIES	SHS	Y0486S104	539	6,200	SH		SOLE	3	6,200	0	0
AVALONBAY CMNTYS	COM	053484101	1,011	7,169	SH		SOLE	3	7,169	0	0
AVERY DENNISON	COM	053611109	134	3,000	SH		SOLE	3	3,000	0	0
AVIV REIT INC	COM	05381L101	3,167	120,185	SH		OTR	3	120,185	0	0
AVIV REIT INC	COM	05381L101	18	700	SH		SOLE	3	700	0	0
AVNET	COM	053807103	162	3,900	SH		SOLE	3	3,900	0	0
AVON PRODS	COM	054303102	146	11,600	SH		SOLE	3	11,600	0	0
AXIS CAPITAL HOLDINGS	SHS	G0692U109	137	2,900	SH		SOLE	3	2,900	0	0
B/E AEROSPACE	COM	073302101	210	2,500	SH		SOLE	3	2,500	0	0
BAKER HUGHES	COM	057224107	722	11,104	SH		SOLE	3	11,104	0	0
BALL	COM	058498106	4,049	64,000	SH		SOLE	3	64,000	0	0
BANCO DE CHILE	ADR	059520106	120	1,625	SH		SOLE	3	1,625	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	13	600	SH		SOLE	3	600	0	0
BANK AMER	COM	060505104	6,046	354,600	SH		OTR	3	354,600	0	0
BANK AMER	COM	060505104	5,366	314,714	SH		SOLE	3	314,714	0	0
BANK NEW YORK MELLON	COM	064058100	1,215	31,371	SH		SOLE	3	31,371	0	0
BARD C R	COM	067383109	285	2,000	SH		SOLE	3	2,000	0	0
BAXTER INTL	COM	071813109	1,005	14,000	SH		SOLE	3	14,000	0	0
BB&T	COM	054937107	688	18,500	SH		SOLE	3	18,500	0	0
BECTON DICKINSON &	COM	075887109	580	5,100	SH		SOLE	3	5,100	0	0
BED BATH & BEYOND	COM	075896100	336	5,100	SH		SOLE	3	5,100	0	0
BERKLEY W R	COM	084423102	201	4,200	SH		SOLE	3	4,200	0	0
BEST BUY	COM	086516101	252	7,500	SH		SOLE	3	7,500	0	0
BIOGEN IDEC	COM	09062X103	2,028	6,130	SH		SOLE	3	6,130	0	0
BIOMARIN PHARMACEUTICAL	COM	09061G101	1,027	14,233	SH		DFND	4,1,2	14,233	0	0
BIOMARIN PHARMACEUTICAL	COM	09061G101	274	3,800	SH		SOLE	3	3,800	0	0
BIOMED REALTY TRUST	COM	09063H107	131,518	6,510,815	SH		OTR	3	6,510,815	0	0
BIOMED REALTY TRUST	COM	09063H107	113	5,600	SH		SOLE	3	5,600	0	0
BLACKROCK	COM	09247X101	3,999	12,180	SH		OTR	3	12,180	0	0
BLACKROCK	COM	09247X101	1,133	3,450	SH		SOLE	3	3,450	0	0
BLOCK H & R	COM	093671105	217	7,000	SH		SOLE	3	7,000	0	0
BLOOMIN BRANDS	COM	094235108	300	16,384	SH		DFND	4,1,2	16,384	0	0
BOEING	COM	097023105	2,866	22,500	SH		SOLE	3	22,500	0	0
BORGWARNER	COM	099724106	326	6,200	SH		SOLE	3	6,200	0	0
BOSTON PROPERTIES	COM	101121101	230,759	1,993,423	SH		OTR	3	1,993,423	0	0
BOSTON PROPERTIES	COM	101121101	1,007	8,700	SH		SOLE	3	8,700	0	0
BOSTON SCIENTIFIC	COM	101137107	409	34,647	SH		SOLE	3	34,647	0	0
BRF SA	ADR	10552T107	71	3,000	SH		SOLE	3	3,000	0	0
BRF SA	ADR	10552T107	12,192	512,500	SH		SOLE	3	512,500	0	0
BRINKER INTL	COM	109641100	62	1,239	SH		DFND	4,1,2	1,239	0	0
BRISTOL MYERS SQUIBB	COM	110122108	937	18,310	SH		OTR	3	18,310	0	0
BRISTOL MYERS SQUIBB	COM	110122108	2,191	42,800	SH		SOLE	3	42,800	0	0
BRISTOW GROUP INC	NOTE 3.000% 6/1	110394AC7	3,753	3,500,000	PRN		DFND	4,1,2	3,500,000	0	0
BRIXMOR PPTY GROUP	COM	11120U105	11,844	532,066	SH		OTR	3	532,066	0	0
BRIXMOR PPTY GROUP	COM	11120U105	47	2,100	SH		SOLE	3	2,100	0	0
BROADCOM	CL A	111320107	572	14,150	SH		SOLE	3	14,150	0	0
BUNGE	COM	G16962105	303	3,600	SH		SOLE	3	3,600	0	0
C H ROBINSON WORLDWIDE	COM NEW	12541W209	245	3,700	SH		SOLE	3	3,700	0	0
CA	COM	12673P105	252	9,005	SH		SOLE	3	9,005	0	0
CABOT OIL & GAS	COM	127097103	340	10,400	SH		SOLE	3	10,400	0	0
CALPINE	COM NEW	131347304	178	8,200	SH		SOLE	3	8,200	0	0
CAMERON INTERNATIONAL	COM	13342B105	378	5,700	SH		SOLE	3	5,700	0	0
CAMPBELL SOUP	COM	134429109	214	5,000	SH		SOLE	3	5,000	0	0
CAMPUS CREST CMNTYS	COM	13466Y105	303	47,336	SH		OTR	3	47,336	0	0
CAMPUS CREST CMNTYS	COM	13466Y105	13	2,000	SH		SOLE	3	2,000	0	0
CAPITAL ONE FINL	COM	14040H105	122	1,500	SH		OTR	3	1,500	0	0
CAPITAL ONE FINL	COM	14040H105	1,221	14,954	SH		SOLE	3	14,954	0	0
CARDINAL HEALTH	COM	14149Y108	644	8,600	SH		SOLE	3	8,600	0	0
CAREFUSION	COM	14170T101	265	5,850	SH		SOLE	3	5,850	0	0
CARETRUST REIT	COM	14174T107	9	600	SH		SOLE	3	600	0	0
CARMAX	COM	143130102	2,183	47,000	SH		OTR	3	47,000	0	0
CARMAX	COM	143130102	251	5,400	SH		SOLE	3	5,400	0	0
CATERPILLAR INC	COM	149123101	3,168	32,000	SH		DFND	4,1,2	32,000	0	0
CATERPILLAR INC	COM	149123101	527	400	SH		DFND	4,1,2	400	0	0
CATERPILLAR INC	COM	149123101	1,515	15,300	SH		SOLE	3	15,300	0	0
CBL & ASSOC PPTYS	COM	124830100	87	4,845	SH		SOLE	3	4,845	0	0
CBRE GROUP	CL A	12504L109	2,466	82,930	SH		OTR	3	82,930	0	0
CBRE GROUP	CL A	12504L109	235	7,900	SH		SOLE	3	7,900	0	0
CEDAR REALTY TRUST	COM NEW	150602209	11	1,800	SH		SOLE	3	1,800	0	0
CELGENE	COM	151020104	373	3,940	SH		OTR	3	3,940	0	0
CELGENE	COM	151020104	5,734	60,500	SH		SOLE	3	60,500	0	0
CENCOSUD S A	SPONSORED ADS	15132H101	18	2,000	SH		SOLE	3	2,000	0	0
CENTERPOINT ENERGY	COM	15189T107	245	10,000	SH		SOLE	3	10,000	0	0
CENTURYLINK	COM	156700106	595	14,542	SH		SOLE	3	14,542	0	0
CERNER	COM	156782104	459	7,700	SH		SOLE	3	7,700	0	0
CF INDS HLDGS	COM	125269100	377	1,350	SH		SOLE	3	1,350	0	0
CHAMBERS STR	COM	157842105	51	6,800	SH		SOLE	3	6,800	0	0
CHATHAM LODGING	COM	16208T102	18	800	SH		SOLE	3	800	0	0
CHENIERE ENERGY	COM NEW	16411R208	488	6,100	SH		SOLE	3	6,100	0	0
CHESAPEAKE ENERGY	COM	165167107	324	14,100	SH		SOLE	3	14,100	0	0
CHEVRON CORP	COM	166764100	179	1,500	SH		OTR	3	1,500	0	0
CHEVRON CORP	COM	166764100	5,944	49,818	SH		SOLE	3	49,818	0	0
CHICAGO BRIDGE & IRON CO N	COM	167250109	133	2,300	SH		SOLE	3	2,300	0	0
CHINA PETE & CHEM CORP SPON ADR	SHS	16941R108	153	1,748	SH		DFND	2	1,748	0	0
CHINA TELECOM CORP LTD SPON ADR	SHS	169426103	68	1,105	SH		DFND	2	1,105	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	533	800	SH		SOLE	3	800	0	0
CHUBB	COM	171232101	565	6,200	SH		SOLE	3	6,200	0	0
CHURCH & DWIGHT	COM	171340102	253	3,600	SH		SOLE	3	3,600	0	0
CIGNA	COM	125509109	190	2,100	SH		OTR	3	2,100	0	0
CIGNA	COM	125509109	626	6,900	SH		SOLE	3	6,900	0	0
CIMAREX ENERGY	COM	171798101	291	2,300	SH		SOLE	3	2,300	0	0
CINCINNATI FINL	COM	172062101	203	4,315	SH		SOLE	3	4,315	0	0
CINTAS	COM	172908105	191	2,700	SH		SOLE	3	2,700	0	0
CISCO SYS	COM	17275R102	113	4,500	SH		OTR	3	4,500	0	0
CISCO SYS	COM	17275R102	3,345	132,900	SH		SOLE	3	132,900	0	0
CIT GROUP	COM NEW	125581801	239	5,200	SH		SOLE	3	5,200	0	0
CITIGROUP	COM NEW	172967424	5,447	105,110	SH		OTR	3	105,110	0	0
CITIGROUP	COM NEW	172967424	4,042	78,003	SH		SOLE	3	78,003	0	0
CITRIX SYS	COM	177376100	285	4,000	SH		SOLE	3	4,000	0	0
CLEAN ENERGY FUELS	COM	184499101	663	85,000	SH		DFND	4,1,2	85,000	0	0
CLEAN ENERGY FUELS	COM	184499101	120	2,000	SH		DFND	4,1,2	2,000	0	0
CLEAN ENERGY FUELS	COM	184499101	155	1,000	SH		DFND	4,1,2	1,000	0	0
CLEAN ENERGY FUELS	COM	184499101	135	1,500	SH		DFND	4,1,2	1,500	0	0
CLOROX CO	COM	189054109	317	3,300	SH		SOLE	3	3,300	0	0
CME GROUP	COM	12572Q105	648	8,100	SH		SOLE	3	8,100	0	0
CMS ENERGY	COM	125896100	151	5,100	SH		OTR	3	5,100	0	0
CMS ENERGY	COM	125896100	178	6,000	SH		SOLE	3	6,000	0	0
COACH	COM	189754104	277	7,804	SH		DFND		7,804	0	0
COACH	COM	189754104	267	7,500	SH		SOLE	3	7,500	0	0
COBALT INTL ENERGY	COM	19075F106	107	7,900	SH		SOLE	3	7,900	0	0
COCA COLA	COM	191216100	3,114	73,000	SH		DFND		73,000	0	0
COCA COLA	COM	191216100	4,360	102,200	SH		SOLE	3	102,200	0	0
COCA COLA ENTERPRISES INC	COM	19122T109	271	6,100	SH		SOLE	3	6,100	0	0
COGNIZANT TECHNOLOGY	CL A	192446102	721	16,100	SH		SOLE	3	16,100	0	0
COLGATE PALMOLIVE	COM	194162103	1,572	24,100	SH		SOLE	3	24,100	0	0
COLUMBIA PPTY TR	COM NEW	198287203	84	3,500	SH		SOLE	3	3,500	0	0
COMCAST CORP	CL A	20030N101	2,967	55,170	SH		SOLE	3	55,170	0	0
COMERICA	COM	200340107	249	5,000	SH		SOLE	3	5,000	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	13	300	SH		SOLE	3	300	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	9,005	206,478	SH		SOLE	3	206,478	0	0
COMPANHIA DE SANEAMENTO BASI	ADR	20441A102	363	44,800	SH		SOLE	3	44,800	0	0
COMPANHIA SIDERURGICA NACION	ADR	20440W105	109	30,800	SH		SOLE	3	30,800	0	0
COMPANIA CERVECERIAS UNIDAS	ADR	204429104	29	1,300	SH		SOLE	3	1,300	0	0
COMPANIA DE MINAS BUENAVENTU	ADR	204448104	10	900	SH		SOLE	3	900	0	0
COMPUTER SCIENCES	COM	205363104	220	3,600	SH		SOLE	3	3,600	0	0
CONAGRA FOODS	COM	205887102	350	10,600	SH		SOLE	3	10,600	0	0
CONCHO RES	COM	20605P101	376	3,000	SH		SOLE	3	3,000	0	0
CONOCPHILLIPS	COM	20825C104	145	1,900	SH		OTR	3	1,900	0	0
CONOCPHILLIPS	COM	20825C104	2,900	37,900	SH		SOLE	3	37,900	0	0
CONSOL ENERGY	COM	20854P109	242	6,400	SH		SOLE	3	6,400	0	0
CONSOLIDATED EDISON	COM	209115104	419	7,400	SH		SOLE	3	7,400	0	0
CONSTELLATION BRANDS	CL A	21036P108	392	4,500	SH		SOLE	3	4,500	0	0
CONTINENTAL RESOURCES	COM	212015101	160	2,400	SH		SOLE	3	2,400	0	0
CORE LABORATORIES N	COM	N22717107	146	1,000	SH		SOLE	3	1,000	0	0
CORESITE RLTY	COM	21870Q105	20	600	SH		SOLE	3	600	0	0
CORNING	COM	219350105	689	35,600	SH		SOLE	3	35,600	0	0
CORRECTIONS CORP AMER	COM NEW	22025Y407	115	3,335	SH		SOLE	3	3,335	0	0
COSAN	SHS A	G25343107	129	12,000	SH		SOLE	3	12,000	0	0
COSTCO WHSL CORP	COM	22160K105	1,391	11,100	SH		SOLE	3	11,100	0	0
COUSINS PPTYS	COM	222795106	79,210	6,628,452	SH		OTR	3	6,628,452	0	0
COUSINS PPTYS	COM	222795106	70	5,863	SH		SOLE	3	5,863	0	0
COVANTA HLDG	COM	22282E102	166	7,800	SH		SOLE	3	7,800	0	0
COVIDIEN	SHS	G2554F113	147	1,700	SH		OTR	3	1,700	0	0
COVIDIEN	SHS	G2554F113	1,014	11,725	SH		SOLE	3	11,725	0	0
CPFL ENERGIA S A	ADR	126153105	819	52,700	SH		SOLE	3	52,700	0	0
CREDICORP	COM	G2519Y108	61	400	SH		SOLE	3	400	0	0
CREE	COM	225447101	307	7,500	SH		SOLE	3	7,500	0	0
CROWN CASTLE INTL	COM	228227104	701	8,700	SH		SOLE	3	8,700	0	0
CROWN HOLDINGS	COM	228368106	200	4,500	SH		SOLE	3	4,500	0	0
CSX	COM	126408103	273	8,500	SH		OTR	3	8,500	0	0
CSX	COM	126408103	21,608	674,000	SH		SOLE	3	674,000	0	0
CUBESMART	COM	229663109	132,018	7,342,504	SH		OTR	3	7,342,504	0	0
CUBESMART	COM	229663109	77	4,300	SH		SOLE	3	4,300	0	0
CUMMINS	COM	231021106	581	4,400	SH		SOLE	3	4,400	0	0
CVS HEALTH	COM	126650100	348	4,375	SH		OTR	3	4,375	0	0
CVS HEALTH	COM	126650100	11,125	139,774	SH		SOLE	3	139,774	0	0
CYRUSONE	COM	23283R100	11,896	494,852	SH		OTR	3	494,852	0	0
CYRUSONE	COM	23283R100	24	1,000	SH		SOLE	3	1,000	0	0
D R HORTON	COM	23331A109	170	8,266	SH		SOLE	3	8,266	0	0
DANAHER CORP	COM	235851102	1,626	21,400	SH		SOLE	3	21,400	0	0
DARDEN RESTAURANTS	COM	237194105	211	4,100	SH		SOLE	3	4,100	0	0
DAVITA HEALTHCARE PARTNERS	COM	23918K108	336	4,600	SH		SOLE	3	4,600	0	0
DCT INDUSTRIAL TRUST	COM	233153105	74	9,800	SH		SOLE	3	9,800	0	0
DDR	COM	23317H102	158,318	9,463,112	SH		OTR	3	9,463,112	0	0
DDR	COM	23317H102	172	10,258	SH		SOLE	3	10,258	0	0
DEAN FOODS CO	COM NEW	242370203	143	10,830	SH		DFND	4,1,2	10,830	0	0
DEERE &	COM	244199105	705	8,600	SH		SOLE	3	8,600	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	96	1,560	SH		OTR	3	1,560	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	478	7,800	SH		SOLE	3	7,800	0	0
DELTA AIR LINES INC	COM NEW	247361702	159	4,400	SH		SOLE	3	4,400	0	0
DENBURY RES	COM NEW	247916208	153	10,200	SH		SOLE	3	10,200	0	0
DENTSPLY INTL INC	COM	249030107	150	3,300	SH		SOLE	3	3,300	0	0
DEVON ENERGY CORP	COM	25179M103	286	4,200	SH		OTR	3	4,200	0	0
DEVON ENERGY CORP	COM	25179M103	675	9,900	SH		SOLE	3	9,900	0	0
DIAMOND OFFSHORE DRILLING	COM	25271C102	93	2,700	SH		SOLE	3	2,700	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	172,924	13,637,570	SH		OTR	3	13,637,570	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	72	5,642	SH		SOLE	3	5,642	0	0
DICKS SPORTING GOODS	COM	253393102	101	2,300	SH		SOLE	3	2,300	0	0
DIGITAL RLTY TR	COM	253868103	499	8,000	SH		SOLE	3	8,000	0	0
DIRECTV	COM	25490A309	1,054	12,183	SH		SOLE	3	12,183	0	0
DISCOVER FINL	COM	254709108	24,694	383,500	SH		SOLE	3	383,500	0	0
DISH NETWORK	CL A	25470M109	362	5,600	SH		SOLE	3	5,600	0	0
DOLLAR GEN CORP	COM	256677105	483	7,900	SH		SOLE	3	7,900	0	0
DOLLAR TREE	COM	256746108	320	5,700	SH		SOLE	3	5,700	0	0
DOMINION RES INC VA	COM	25746U109	1,029	14,900	SH		SOLE	3	14,900	0	0
DOUGLAS EMMETT	COM	25960P109	111,236	4,333,294	SH		OTR	3	4,333,294	0	0
DOUGLAS EMMETT	COM	25960P109	100	3,900	SH		SOLE	3	3,900	0	0
DOVER	COM	260003108	594	7,400	SH		SOLE	3	7,400	0	0
DOW CHEM	COM	260543103	1,594	30,400	SH		SOLE	3	30,400	0	0
DR PEPPER SNAPPLE GROUP	COM	26138E109	323	5,024	SH		SOLE	3	5,024	0	0
DTE ENERGY	COM	233331107	335	4,400	SH		SOLE	3	4,400	0	0
DU PONT E I DE NEMOURS &	COM	263534109	1,787	24,900	SH		SOLE	3	24,900	0	0
DUKE ENERGY CORP	COM NEW	26441C204	1,366	18,266	SH		SOLE	3	18,266	0	0
DUKE REALTY	COM NEW	264411505	332	19,300	SH		SOLE	3	19,300	0	0
DUN & BRADSTREET CORP DEL	COM	26483E100	153	1,300	SH		SOLE	3	1,300	0	0
DUPONT FABROS TECHNOLOGY	COM	26613Q106	51	1,900	SH		SOLE	3	1,900	0	0
E M C CORP	COM	268648102	1,542	52,700	SH		SOLE	3	52,700	0	0
EASTGROUP PPTY	COM	277276101	55	900	SH		SOLE	3	900	0	0
EASTMAN CHEM	COM	277432100	146	1,800	SH		OTR	3	1,800	0	0
EASTMAN CHEM	COM	277432100	526	6,500	SH		SOLE	3	6,500	0	0
EATON CORP	SHS	G29183103	1,239	19,548	SH		SOLE	3	19,548	0	0
EBAY	COM	278642103	1,665	29,400	SH		SOLE	3	29,400	0	0
ECOLAB	COM	278865100	781	6,800	SH		SOLE	3	6,800	0	0
EDISON	COM	281020107	257	4,590	SH		OTR	3	4,590	0	0
EDISON	COM	281020107	447	8,000	SH		SOLE	3	8,000	0	0
EDUCATION RLTY TR	COM	28140H104	92,884	9,035,379	SH		OTR	3	9,035,379	0	0
EDUCATION RLTY TR	COM	28140H104	42	4,100	SH		SOLE	3	4,100	0	0
EDWARDS LIFESCIENCES	COM	28176E108	276	2,700	SH		SOLE	3	2,700	0	0
ELECTRONIC ARTS	COM	285512109	281	7,900	SH		SOLE	3	7,900	0	0
ELECTRONIC ARTS INC	NOTE 0.750% 7/1	285512AA7	6,162	5,000,000	PRN		DFND	4,1,2	5,000,000	0	0
ELECTRONICS FOR IMAGING	COM	286082102	3,313	75,000	SH		SOLE	3	75,000	0	0
EMBRAER S A SP ADR REP	COM	29082A107	31	800	SH		SOLE	3	800	0	0
EMBRAER S A SP ADR REP	COM	29082A107	3,467	88,400	SH		SOLE	3	88,400	0	0
EMERSON ELEC	COM	291011104	1,277	20,400	SH		SOLE	3	20,400	0	0
EMPIRE ST RLTY TR	CL A	292104106	47,126	3,137,582	SH		OTR	3	3,137,582	0	0
EMPIRE ST RLTY TR	CL A	292104106	42	2,800	SH		SOLE	3	2,800	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	22	500	SH		SOLE	3	500	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	141	3,200	SH		SOLE	3	3,200	0	0
ENDO INTL	SHS	G30401106	267	3,900	SH		SOLE	3	3,900	0	0
ENERGEN	COM	29265N108	152	2,100	SH		SOLE	3	2,100	0	0
ENERGIZER HLDGS	COM	29266R108	209	1,700	SH		SOLE	3	1,700	0	0
ENERNOC	COM	292764107	107	6,300	SH		SOLE	3	6,300	0	0
ENERSIS S A	ADR	29274F104	27	1,700	SH		SOLE	3	1,700	0	0
ENERSYS	NOTE 3.375% 6/0	29275YAA0	31,833	21,500,000	PRN		DFND	4,1,2	21,500,000	0	0
ENSCO PLC	CLASS A	G3157S106	120	2,900	SH		OTR	3	2,900	0	0
ENSCO PLC	CLASS A	G3157S106	264	6,400	SH		SOLE	3	6,400	0	0
ENTERGY CORP	COM	29364G103	340	4,400	SH		SOLE	3	4,400	0	0
EOG RES	COM	26875P101	79	800	SH		OTR	3	800	0	0
EOG RES	COM	26875P101	1,515	15,300	SH		SOLE	3	15,300	0	0
EPR PPTYS	CONV PFD 9% SR E	26884U307	86	2,825	SH		OTR	3	0	0	0
EQT	COM	26884L109	366	4,000	SH		SOLE	3	4,000	0	0
EQUIFAX	COM	294429105	386	5,170	SH		OTR	3	5,170	0	0
EQUIFAX	COM	294429105	209	2,800	SH		SOLE	3	2,800	0	0
EQUINIX	COM NEW	29444U502	276	1,300	SH		SOLE	3	1,300	0	0
EQUITY	COM	294752100	48	2,200	SH		SOLE	3	2,200	0	0
EQUITY COMWLTH	CUM PFD S D 6.5% ADDED	294628201	260	10,900	SH		OTR	3	0	0	0
EQUITY COMWLTH	CUM PFD E 7.25% ADDED	294628409	2,665	103,524	SH		OTR	3	0	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	97	2,300	SH		SOLE	3	2,300	0	0
ESSEX PPTY TR	COM	297178105	298,464	1,669,728	SH		OTR	3	1,669,728	0	0
ESSEX PPTY TR	COM	297178105	599	3,352	SH		SOLE	3	3,352	0	0
EVEREST RE GROUP	COM	G3223R108	227	1,400	SH		SOLE	3	1,400	0	0
EXCEL TR	COM	30068C109	19	1,600	SH		SOLE	3	1,600	0	0
EXELON	COM	30161N101	3,920	115,000	SH		DFND	4,1,2	115,000	0	0
EXELON	COM	30161N101	744	21,826	SH		SOLE	3	21,826	0	0
EXPEDIA INC	COM NEW	30212P303	243	2,775	SH		SOLE	3	2,775	0	0
EXPEDITORS INTL WASH	COM	302130109	211	5,200	SH		SOLE	3	5,200	0	0
EXPRESS SCRIPTS HLDG	COM	30219G108	1,380	19,545	SH		SOLE	3	19,545	0	0
EXTRA SPACE STORAGE	COM	30225T102	247,933	4,807,705	SH		OTR	3	4,807,705	0	0
EXTRA SPACE STORAGE	COM	30225T102	191	3,700	SH		SOLE	3	3,700	0	0
EXXON MOBIL	COM	30231G102	586	6,234	SH		OTR	3	6,234	0	0
EXXON MOBIL	COM	30231G102	10,475	111,381	SH		SOLE	3	111,381	0	0
F M C	COM NEW	302491303	194	3,400	SH		SOLE	3	3,400	0	0
F5 NETWORKS	COM	315616102	368	3,100	SH		SOLE	3	3,100	0	0
FACEBOOK	CL A	30303M102	7,554	95,583	SH		DFND		95,583	0	0
FACEBOOK	CL A	30303M102	4,078	51,600	SH		SOLE	3	51,600	0	0
FAMILY DLR STORES	COM	307000109	1,313	17,000	SH		OTR	3	17,000	0	0
FAMILY DLR STORES	COM	307000109	216	2,800	SH		SOLE	3	2,800	0	0
FASTENAL	COM	311900104	337	7,500	SH		SOLE	3	7,500	0	0
FEDEX	COM	31428X106	3,681	22,800	SH		OTR	3	22,800	0	0
FEDEX	COM	31428X106	7,620	47,200	SH		SOLE	3	47,200	0	0
FELCOR LODGING TR	COM	31430F101	29	3,100	SH		SOLE	3	3,100	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	12	1,100	SH		SOLE	3	1,100	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	1,992	181,100	SH		SOLE	3	181,100	0	0
FIDELITY NATIONAL FINANCIAL FNF	COM	31620R303	187	6,738	SH		SOLE	3	6,738	0	0
FIDELITY NATL INFORMATION	COM	31620M106	8,435	149,829	SH		SOLE	3	149,829	0	0
FIFTH THIRD	COM	316773100	460	23,000	SH		SOLE	3	23,000	0	0
FIREEYE	COM	31816Q101	897	29,371	SH		DFND		29,371	0	0
FIREEYE	COM	31816Q101	37	1,200	SH		SOLE	3	1,200	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	93,745	5,543,766	SH		OTR	3	5,543,766	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	52	3,100	SH		SOLE	3	3,100	0	0
FIRST POTOMAC RLTY	COM	33610F109	19	1,600	SH		SOLE	3	1,600	0	0
FIRST REP BK SAN FRANCISCO	COM	33616C100	148	3,000	SH		SOLE	3	3,000	0	0
FIRST SOLAR	COM	336433107	592	9,000	SH		SOLE	3	9,000	0	0
FIRST TR ISE REVERE NAT	COM	33734J102	375	21,000	SH		DFND	1,2	21,000	0	0
FIRSTENERGY	COM	337932107	344	10,235	SH		SOLE	3	10,235	0	0
FISERV	COM	337738108	401	6,200	SH		SOLE	3	6,200	0	0
FLEETCOR TECHNOLOGIES	COM	339041105	298	2,100	SH		SOLE	3	2,100	0	0
FLEXTRONICS INTL	ORD	Y2573F102	148	14,300	SH		SOLE	3	14,300	0	0
FLIR SYS	COM	302445101	144	4,600	SH		SOLE	3	4,600	0	0
FLOWSERVE	COM	34354P105	247	3,500	SH		SOLE	3	3,500	0	0
FLUOR CORP	COM	343412102	143	2,143	SH		DFND	4,1,2	2,143	0	0
FLUOR CORP	COM	343412102	301	4,500	SH		SOLE	3	4,500	0	0
FMC TECHNOLOGIES	COM	30249U101	342	6,300	SH		SOLE	3	6,300	0	0
FOOT LOCKER	COM	344849104	8,348	150,000	SH		SOLE	3	150,000	0	0
FOSSIL GROUP	COM	34988V106	141	1,500	SH		SOLE	3	1,500	0	0
FRANKLIN RES	COM	354613101	7,460	136,600	SH		OTR	3	136,600	0	0
FRANKLIN RES	COM	354613101	601	11,000	SH		SOLE	3	11,000	0	0
FRANKLIN STREET PPTYS	COM	35471R106	28	2,500	SH		SOLE	3	2,500	0	0
FRONTIER COMMUNICATIONS	COM	35906A108	185	28,363	SH		SOLE	3	28,363	0	0
GAMESTOP CORP	CL A	36467W109	152	3,700	SH		SOLE	3	3,700	0	0
GAMING & LEISURE PPTYS	COM	36467J108	80	2,600	SH		SOLE	3	2,600	0	0
GAP INC	COM	364760108	605	14,500	SH		SOLE	3	14,500	0	0
GARMIN	SHS	H2906T109	177	3,400	SH		SOLE	3	3,400	0	0
GENERAL DYNAMICS	COM	369550108	76	600	SH		OTR	3	600	0	0
GENERAL DYNAMICS	COM	369550108	1,233	9,700	SH		SOLE	3	9,700	0	0
GENERAL ELECTRIC	COM	369604103	313	12,200	SH		OTR	3	12,200	0	0
GENERAL ELECTRIC	COM	369604103	7,194	280,800	SH		SOLE	3	280,800	0	0
GENERAL GROWTH PPTYS INC	COM	370023103	786	33,378	SH		SOLE	3	33,378	0	0
GENERAL MLS	COM	370334104	76	1,500	SH		OTR	3	1,500	0	0
GENERAL MLS	COM	370334104	782	15,500	SH		SOLE	3	15,500	0	0
GENERAL MTRS	COM	37045V100	9,268	290,170	SH		OTR	3	290,170	0	0
GENERAL MTRS	COM	37045V100	1,076	33,700	SH		SOLE	3	33,700	0	0
GENUINE PARTS	COM	372460105	351	4,000	SH		SOLE	3	4,000	0	0
GENWORTH FINL INC	CL A	37247D106	149	11,400	SH		SOLE	3	11,400	0	0
GEO GROUP INC	COM	36162J106	80	2,100	SH		SOLE	3	2,100	0	0
GETTY RLTY CORP	COM	374297109	12	700	SH		SOLE	3	700	0	0
GILEAD SCIENCES	COM	375558103	1,030	9,682	SH		DFND		9,682	0	0
GILEAD SCIENCES	COM	375558103	10,602	99,600	SH		SOLE	3	99,600	0	0
GLADSTONE COML	COM	376536108	8	500	SH		SOLE	3	500	0	0
GLOBAL PMTS	COM	37940X102	2,724	38,987	SH		SOLE	3	38,987	0	0
GOLDMAN SACHS GROUP	COM	38141G104	1,375	7,494	SH		DFND		7,494	0	0
GOLDMAN SACHS GROUP	COM	38141G104	19,789	107,800	SH		SOLE	3	107,800	0	0
GOOGLE	CL A	38259P508	59	100	SH		OTR	3	100	0	0
GOOGLE	CL A	38259P508	4,295	7,300	SH		SOLE	3	7,300	0	0
GOPRO	CL A	38268T103	187	2,000	SH		DFND	1,2	2,000	0	0
GRAINGER W W	COM	384802104	403	1,600	SH		SOLE	3	1,600	0	0
GRAMERCY PPTY TR	COM	38489R100	17	2,900	SH		SOLE	3	2,900	0	0
GREENBRIER COS INC	NOTE 3.500% 4/0	393657AH4	10,137	5,000,000	PRN		DFND	4,1,2	5,000,000	0	0
GRUPO AEROPORTUARIO CTR NORT	ADR	400501102	95	2,700	SH		SOLE	3	2,700	0	0
GRUPO AVAL ACCIONES Y VALORE	SPONSORED ADS ADDED	40053W101	44	3,250	SH		OTR	3	3,250	0	0
GRUPO TELEVISA SA SPON ADR	ORD	40049J206	210	6,200	SH		SOLE	3	6,200	0	0
HALLIBURTON	COM	406216101	94	1,460	SH		OTR	3	1,460	0	0
HALLIBURTON	COM	406216101	23,359	362,100	SH		SOLE	3	362,100	0	0
HANESBRANDS	COM	410345102	161	1,500	SH		OTR	3	1,500	0	0
HARLEY DAVIDSON	COM	412822108	146	2,500	SH		OTR	3	2,500	0	0
HARLEY DAVIDSON	COM	412822108	343	5,900	SH		SOLE	3	5,900	0	0
HARRIS CORP	COM	413875105	193	2,900	SH		SOLE	3	2,900	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	309	8,300	SH		OTR	3	8,300	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	447	12,000	SH		SOLE	3	12,000	0	0
HASBRO	COM	418056107	176	3,200	SH		SOLE	3	3,200	0	0
HCA HOLDINGS	COM	40412C101	281	3,980	SH		OTR	3	3,980	0	0
HCA HOLDINGS	COM	40412C101	536	7,600	SH		SOLE	3	7,600	0	0
HCP	COM	40414L109	9,275	233,572	SH		OTR	3	233,572	0	0
HCP	COM	40414L109	1,036	26,100	SH		SOLE	3	26,100	0	0
HEALTH CARE REIT	COM	42217K106	387,326	6,210,134	SH		OTR	3	6,210,134	0	0
HEALTH CARE REIT	COM	42217K106	1,148	18,400	SH		SOLE	3	18,400	0	0
HEALTH NET	COM	42222G108	4,247	92,100	SH		OTR	3	92,100	0	0
HEALTHCARE RLTY	COM	421946104	66	2,800	SH		SOLE	3	2,800	0	0
HEALTHCARE TR AMER	CL A	42225P105	122,409	10,552,490	SH		OTR	3	10,552,490	0	0
HEALTHCARE TR AMER	CL A	42225P105	80	6,900	SH		SOLE	3	6,900	0	0
HEALTHWAYS INC	NOTE 1.500% 7/0	422245AB6	6,992	6,735,000	PRN		DFND	4,1,2	6,735,000	0	0
HELMERICH & PAYNE	COM	423452101	284	2,900	SH		SOLE	3	2,900	0	0
HERBALIFE LTD COM	SHS	G4412G101	7,656	175,000	SH		DFND	4,1,2	175,000	0	0
HERBALIFE LTD COM	SHS	G4412G101	230	500	SH		DFND	4,1,2	500	0	0
HERBALIFE LTD COM	SHS	G4412G101	247	750	SH		DFND	4,1,2	750	0	0
HERBALIFE LTD COM	SHS	G4412G101	105	2,400	SH		SOLE	3	2,400	0	0
HERSHEY	COM	427866108	401	4,200	SH		SOLE	3	4,200	0	0
HERTZ GLOBAL HOLDINGS	COM	42805T105	300	11,800	SH		SOLE	3	11,800	0	0
HESS	COM	42809H107	689	7,300	SH		SOLE	3	7,300	0	0
HEWLETT PACKARD	COM	428236103	383	10,800	SH		OTR	3	10,800	0	0
HEWLETT PACKARD	COM	428236103	1,720	48,500	SH		SOLE	3	48,500	0	0
HEXCEL CORP	COM	428291108	218	5,500	SH		SOLE	3	5,500	0	0
HIGHWOODS PPTYS	COM	431284108	42,078	1,081,700	SH		OTR	3	1,081,700	0	0
HIGHWOODS PPTYS	COM	431284108	101	2,600	SH		SOLE	3	2,600	0	0
HILTON WORLDWIDE HLDGS	COM	43300A104	285	11,570	SH		OTR	3	11,570	0	0
HILTON WORLDWIDE HLDGS	COM	43300A104	150	6,100	SH		SOLE	3	6,100	0	0
HOLLYFRONTIER	COM	436106108	210	4,800	SH		SOLE	3	4,800	0	0
HOLOGIC	COM	436440101	151	6,200	SH		SOLE	3	6,200	0	0
HOME DEPOT	COM	437076102	24,687	269,100	SH		SOLE	3	269,100	0	0
HOME PROPERTIES	COM	437306103	224,719	3,858,498	SH		OTR	3	3,858,498	0	0
HOME PROPERTIES	COM	437306103	99	1,700	SH		SOLE	3	1,700	0	0
HOMEAWAY	COM	43739Q100	319	9,000	SH		DFND	4,1,2	9,000	0	0
HONEYWELL INTL	COM	438516106	2,468	26,500	SH		SOLE	3	26,500	0	0
HORMEL FOODS	COM	440452100	185	3,600	SH		SOLE	3	3,600	0	0
HOSPIRA	COM	441060100	240	4,620	SH		SOLE	3	4,620	0	0
HOST HOTELS & RESORTS	COM	44107P104	369,991	17,346,032	SH		OTR	3	17,346,032	0	0
HOST HOTELS & RESORTS	COM	44107P104	958	44,908	SH		SOLE	3	44,908	0	0
HUDSON CITY	COM	443683107	182	18,700	SH		SOLE	3	18,700	0	0
HUDSON PAC PPTYS	COM	444097109	39	1,600	SH		SOLE	3	1,600	0	0
HUMANA	COM	444859102	547	4,200	SH		SOLE	3	4,200	0	0
HUNT J B TRANS SVCS	COM	445658107	207	2,800	SH		SOLE	3	2,800	0	0
HUNTINGTON BANCSHARES	COM	446150104	154	15,800	SH		OTR	3	15,800	0	0
ICICI BK	ADR	45104G104	171	3,490	SH		OTR	3	3,490	0	0
ICICI BK	ADR	45104G104	4,876	99,300	SH		SOLE	3	99,300	0	0
ICONIX BRAND GROUP	COM	451055107	5,737	155,300	SH		SOLE	3	155,300	0	0
IHS	CL A	451734107	188	1,500	SH		SOLE	3	1,500	0	0
ILLINOIS TOOL WKS	COM	452308109	853	10,100	SH		SOLE	3	10,100	0	0
ILLUMINA	COM	452327109	557	3,400	SH		SOLE	3	3,400	0	0
INDEPENDENCE RLTY TR	COM	45378A106	6	600	SH		SOLE	3	600	0	0
INFOSYS LTD	ADR	456788108	2,208	36,500	SH		SOLE	3	36,500	0	0
INGERSOLL-RAND	SHS	G47791101	386	6,844	SH		SOLE	3	6,844	0	0
INLAND REAL ESTATE	COM NEW	457461200	25	2,500	SH		SOLE	3	2,500	0	0
INTEGRYS ENERGY GROUP	COM	45822P105	143	2,200	SH		SOLE	3	2,200	0	0
INTEL	COM	458140100	4,612	132,440	SH		OTR	3	132,440	0	0
INTEL	COM	458140100	5,087	146,100	SH		SOLE	3	146,100	0	0
INTEL CORP	SDCV 2.950%12/1	458140AD2	9,664	7,575,000	PRN		DFND	4,1,2	7,575,000	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	13	69	SH		DFND	1,2	69	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	557	2,855	SH		SOLE	3	2,855	0	0
INTERNATIONAL	COM	459506101	173	1,800	SH		SOLE	3	1,800	0	0
INTERNATIONAL BUSINESS	COM	459200101	4,841	25,500	SH		SOLE	3	25,500	0	0
INTERPUBLIC GROUP COS	COM	460690100	4,340	236,900	SH		OTR	3	236,900	0	0
INTERPUBLIC GROUP COS	COM	460690100	189	10,300	SH		SOLE	3	10,300	0	0
INTL PAPER	COM	460146103	272	5,690	SH		OTR	3	5,690	0	0
INTL PAPER	COM	460146103	482	10,100	SH		SOLE	3	10,100	0	0
INTUIT	COM	461202103	640	7,300	SH		SOLE	3	7,300	0	0
INTUITIVE SURGICAL	COM NEW	46120E602	462	1,000	SH		SOLE	3	1,000	0	0
INVESCO	SHS	G491BT108	9,051	229,250	SH		SOLE	3	229,250	0	0
IROBOT	COM	462726100	7,232	237,532	SH		DFND		237,532	0	0
IRON MTN	COM	462846106	287	8,777	SH		SOLE	3	8,777	0	0
ISHARES MSCI MEX CAP	ETF	464286822	1,443	21,000	SH		DFND		21,000	0	0
ISHARES TR	MSCI UAE ETF	46434V761	93	3,800	SH		SOLE	3	3,800	0	0
ISHARES TR	MSCI QATAR ETF	46434V779	113	4,300	SH		SOLE	3	4,300	0	0
ISHARES TR MSCI PHILIPS	ETF	46429B408	1,484	39,000	SH		DFND		39,000	0	0
ITC HLDGS	COM	465685105	164	4,600	SH		SOLE	3	4,600	0	0
ITRON	COM	465741106	1,734	44,100	SH		OTR	3	44,100	0	0
JACOBS ENGR GROUP INC	COM	469814107	181	3,700	SH		SOLE	3	3,700	0	0
JAKKS PAC	COM	47012E106	165	1,500	SH		DFND	4,1,2	1,500	0	0
JAKKS PAC	COM	47012E106	71	1,500	SH		DFND	4,1,2	1,500	0	0
JAKKS PAC	COM	47012E106	64	443	SH		DFND	4,1,2	443	0	0
JD COM INC SPON	CL A	47215P106	998	38,682	SH		DFND		38,682	0	0
JETBLUE AIRWAYS CORP	DBCV 6.750%10/1	477143AF8	36,859	16,950,000	PRN		DFND	4,1,2	16,950,000	0	0
JOHNSON &	COM	478160104	234	2,200	SH		OTR	3	2,200	0	0
JOHNSON &	COM	478160104	7,781	73,000	SH		SOLE	3	73,000	0	0
JOHNSON CTLS	COM	478366107	761	17,300	SH		SOLE	3	17,300	0	0
JOY GLOBAL	COM	481165108	169	3,100	SH		SOLE	3	3,100	0	0
JPMORGAN CHASE &	COM	46625H100	4,066	67,500	SH		OTR	3	67,500	0	0
JPMORGAN CHASE &	COM	46625H100	5,851	97,120	SH		SOLE	3	97,120	0	0
JUNIPER NETWORKS	COM	48203R104	299	13,500	SH		SOLE	3	13,500	0	0
KANSAS CITY	COM NEW	485170302	351	2,900	SH		SOLE	3	2,900	0	0
KATE SPADE &	COM	485865109	1,701	64,881	SH		DFND		64,881	0	0
KBR	COM	48242W106	87	4,600	SH		SOLE	3	4,600	0	0
KELLOGG	COM	487836108	450	7,300	SH		SOLE	3	7,300	0	0
KEURIG GREEN MTN	COM	49271M100	429	3,300	SH		SOLE	3	3,300	0	0
KEYCORP	COM	493267108	325	24,400	SH		SOLE	3	24,400	0	0
KILROY RLTY	COM	49427F108	237,825	4,001,094	SH		OTR	3	4,001,094	0	0
KILROY RLTY	COM	49427F108	172	2,900	SH		SOLE	3	2,900	0	0
KIMBERLY CLARK	COM	494368103	1,065	9,900	SH		SOLE	3	9,900	0	0
KIMCO RLTY	COM	49446R109	304,296	13,888,443	SH		OTR	3	13,888,443	0	0
KIMCO RLTY	COM	49446R109	548	25,000	SH		SOLE	3	25,000	0	0
KINDER MORGAN INC	COM	49456B101	652	17,000	SH		SOLE	3	17,000	0	0
KINDER MORGAN MANAGEMENT	SHS	49455U100	219	2,331	SH		SOLE	3	2,331	0	0
KITE RLTY GROUP	COM NEW	49803T300	56	2,325	SH		SOLE	3	2,325	0	0
KLA-TENCOR	COM	482480100	339	4,300	SH		SOLE	3	4,300	0	0
KODIAK OIL & GAS	COM	50015Q100	271	20,000	SH		SOLE	3	20,000	0	0
KOHLS	COM	500255104	336	5,500	SH		SOLE	3	5,500	0	0
KRAFT FOODS GROUP	COM	50076Q106	863	15,303	SH		SOLE	3	15,303	0	0
KROGER	COM	501044101	78	1,500	SH		OTR	3	1,500	0	0
KROGER	COM	501044101	2,210	42,500	SH		SOLE	3	42,500	0	0
L BRANDS	COM	501797104	320	4,780	SH		OTR	3	4,780	0	0
L BRANDS	COM	501797104	435	6,500	SH		SOLE	3	6,500	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	315	2,650	SH		OTR	3	2,650	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	297	2,500	SH		SOLE	3	2,500	0	0
LABORATORY CORP AMER	COM NEW	50540R409	2,574	25,300	SH		OTR	3	25,300	0	0
LABORATORY CORP AMER	COM NEW	50540R409	234	2,300	SH		SOLE	3	2,300	0	0
LAM RESEARCH	COM	512807108	7,388	98,900	SH		SOLE	3	98,900	0	0
LAS VEGAS SANDS	COM	517834107	212	3,400	SH		OTR	3	3,400	0	0
LAS VEGAS SANDS	COM	517834107	653	10,500	SH		SOLE	3	10,500	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	36	3,200	SH		SOLE	3	3,200	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	123	10,787	SH		SOLE	3	10,787	0	0
LAUDER ESTEE COS	CL A	518439104	270	3,620	SH		OTR	3	3,620	0	0
LAUDER ESTEE COS	CL A	518439104	426	5,700	SH		SOLE	3	5,700	0	0
LEAR	COM NEW	521865204	4,061	47,000	SH		SOLE	3	47,000	0	0
LEGG MASON	COM	524901105	151	2,950	SH		SOLE	3	2,950	0	0
LEGGETT & PLATT	COM	524660107	175	5,000	SH		SOLE	3	5,000	0	0
LENNAR	CL A	526057104	151	3,900	SH		SOLE	3	3,900	0	0
LEUCADIA NATL	COM	527288104	203	8,500	SH		SOLE	3	8,500	0	0
LEVEL 3 COMMUNICATIONS	COM NEW	52729N308	224	4,900	SH		SOLE	3	4,900	0	0
LEXINGTON REALTY	COM	529043101	58	5,946	SH		SOLE	3	5,946	0	0
LIBERTY GLOBAL PLC	CL A	G5480U104	251	5,903	SH		SOLE	3	5,903	0	0
LIBERTY MEDIA CORP	CL A	531229102	109	2,300	SH		SOLE	3	2,300	0	0
LILLY ELI &	COM	532457108	480	7,400	SH		OTR	3	7,400	0	0
LILLY ELI &	COM	532457108	1,686	26,000	SH		SOLE	3	26,000	0	0
LINCOLN NATL CORP	COM	534187109	257	4,800	SH		OTR	3	4,800	0	0
LINCOLN NATL CORP	COM	534187109	9,497	177,249	SH		SOLE	3	177,249	0	0
LINEAR TECHNOLOGY	COM	535678106	253	5,700	SH		SOLE	3	5,700	0	0
LINKEDIN CORP	CL A	53578A108	561	2,700	SH		SOLE	3	2,700	0	0
LIVE NATION ENTERTAINMENT	COM	538034109	2,849	118,600	SH		OTR	3	118,600	0	0
LKQ	COM	501889208	181	6,800	SH		SOLE	3	6,800	0	0
LOCKHEED MARTIN	COM	539830109	1,279	7,000	SH		SOLE	3	7,000	0	0
LOEWS	COM	540424108	371	8,900	SH		SOLE	3	8,900	0	0
LORILLARD	COM	544147101	575	9,600	SH		SOLE	3	9,600	0	0
LOWES COS	COM	548661107	16,860	318,600	SH		SOLE	3	318,600	0	0
LTC PPTYS	COM	502175102	37	1,000	SH		SOLE	3	1,000	0	0
LULULEMON ATHLETICA	COM	550021109	126	3,000	SH		SOLE	3	3,000	0	0
M & T BK	COM	55261F104	370	3,000	SH		SOLE	3	3,000	0	0
MACERICH	COM	554382101	367,784	5,761,928	SH		OTR	3	5,761,928	0	0
MACERICH	COM	554382101	539	8,445	SH		SOLE	3	8,445	0	0
MACK CALI RLTY	COM	554489104	82,180	4,300,353	SH		OTR	3	4,300,353	0	0
MACK CALI RLTY	COM	554489104	46	2,400	SH		SOLE	3	2,400	0	0
MACYS	COM	55616P104	15,086	259,298	SH		SOLE	3	259,298	0	0
MALLINCKRODT PUB LTD	SHS	G5785G107	216	2,400	SH		SOLE	3	2,400	0	0
MANPOWERGROUP	COM	56418H100	168	2,400	SH		SOLE	3	2,400	0	0
MARATHON OIL	COM	565849106	373	9,920	SH		OTR	3	9,920	0	0
MARATHON OIL	COM	565849106	665	17,700	SH		SOLE	3	17,700	0	0
MARATHON PETE	COM	56585A102	622	7,350	SH		SOLE	3	7,350	0	0
MARKIT	SHS	G58249106	182	7,800	SH		OTR	3	7,800	0	0
MARRIOTT INTL INC	CL A	571903202	35,371	506,017	SH		SOLE	3	506,017	0	0
MARSH & MCLENNAN COS	COM	571748102	743	14,200	SH		SOLE	3	14,200	0	0
MARTIN MARIETTA MATLS	COM	573284106	168	1,300	SH		SOLE	3	1,300	0	0
MARVELL TECHNOLOGY GROUP	ORD	G5876H105	169	12,500	SH		SOLE	3	12,500	0	0
MASCO	COM	574599106	242	10,100	SH		SOLE	3	10,100	0	0
MASTERCARD	CL A	57636Q104	5,559	75,200	SH		OTR	3	75,200	0	0
MASTERCARD	CL A	57636Q104	1,915	25,900	SH		SOLE	3	25,900	0	0
MATTEL	COM	577081102	282	9,200	SH		SOLE	3	9,200	0	0
MAXIM INTEGRATED PRODS	COM	57772K101	218	7,200	SH		SOLE	3	7,200	0	0
MCDONALDS	COM	580135101	151	1,597	SH		OTR	3	1,597	0	0
MCDONALDS	COM	580135101	2,389	25,200	SH		SOLE	3	25,200	0	0
MCGRAW HILL FINL	COM	580645109	591	7,000	SH		SOLE	3	7,000	0	0
MCKESSON	COM	58155Q103	337	1,730	SH		OTR	3	1,730	0	0
MCKESSON	COM	58155Q103	1,158	5,950	SH		SOLE	3	5,950	0	0
MDU RES GROUP	COM	552690109	147	5,300	SH		SOLE	3	5,300	0	0
MEAD JOHNSON NUTRITION	COM	582839106	491	5,100	SH		SOLE	3	5,100	0	0
MEADWESTVACO	COM	583334107	197	4,800	SH		SOLE	3	4,800	0	0
MEDICAL PPTYS TRUST	COM	58463J304	61	5,000	SH		SOLE	3	5,000	0	0
MEDTRONIC	COM	585055106	1,592	25,700	SH		SOLE	3	25,700	0	0
MERCK & CO INC	COM	58933Y105	539	9,090	SH		OTR	3	9,090	0	0
MERCK & CO INC	COM	58933Y105	4,420	74,558	SH		SOLE	3	74,558	0	0
METLIFE	COM	59156R108	1,332	24,800	SH		SOLE	3	24,800	0	0
METTLER TOLEDO	COM	592688105	179	700	SH		SOLE	3	700	0	0
MGM RESORTS	COM	552953101	223	9,800	SH		SOLE	3	9,800	0	0
MICHAEL KORS HLDGS	SHS	G60754101	461	6,470	SH		DFND		6,470	0	0
MICHAEL KORS HLDGS	SHS	G60754101	386	5,400	SH		SOLE	3	5,400	0	0
MICROCHIP TECHNOLOGY	COM	595017104	397	8,400	SH		SOLE	3	8,400	0	0
MICROCHIP TECHNOLOGY INC	SDCV 2.125%12/1	595017AB0	51,078	27,500,000	PRN		DFND	4,1,2	27,500,000	0	0
MICRON TECHNOLOGY	COM	595112103	1,555	45,400	SH		SOLE	3	45,400	0	0
MICROSOFT	COM	594918104	1,341	28,930	SH		OTR	3	28,930	0	0
MICROSOFT	COM	594918104	9,842	212,300	SH		SOLE	3	212,300	0	0
MID-AMER APT CMNTYS	COM	59522J103	168	2,556	SH		SOLE	3	2,556	0	0
MOBILE TELESYSTEMS OJSC	ADR	607409109	1,046	70,000	SH		OTR	3	70,000	0	0
MOBILE TELESYSTEMS OJSC	ADR	607409109	102	6,810	SH		SOLE	3	6,810	0	0
MOBILEYE N V AMSTELVEEN	SHS	N51488117	428	8,000	SH		DFND	1,2	8,000	0	0
MOBILEYE N V AMSTELVEEN	SHS	N51488117	1,585	29,578	SH		DFND		29,578	0	0
MOHAWK INDS	COM	608190104	809	6,000	SH		SOLE	3	6,000	0	0
MOLYCORP INC	COM	608753109	223	187,500	SH		DFND	4,1,2	187,500	0	0
MONDELEZ INTL	CL A	609207105	373	10,880	SH		OTR	3	10,880	0	0
MONDELEZ INTL	CL A	609207105	1,484	43,311	SH		SOLE	3	43,311	0	0
MONMOUTH REAL ESTATE INVT	CL A	609720107	15	1,500	SH		SOLE	3	1,500	0	0
MONSANTO CO	COM	61166W101	146	1,300	SH		OTR	3	1,300	0	0
MONSANTO CO	COM	61166W101	1,508	13,406	SH		SOLE	3	13,406	0	0
MONSTER BEVERAGE	COM	611740101	488	5,320	SH		OTR	3	5,320	0	0
MONSTER BEVERAGE	COM	611740101	321	3,500	SH		SOLE	3	3,500	0	0
MOODYS	COM	615369105	12,370	130,900	SH		SOLE	3	130,900	0	0
MORGAN	COM NEW	617446448	187	5,400	SH		OTR	3	5,400	0	0
MORGAN	COM NEW	617446448	1,409	40,770	SH		SOLE	3	40,770	0	0
MOSAIC CO	COM	61945C103	355	8,000	SH		SOLE	3	8,000	0	0
MOTOROLA SOLUTIONS	COM NEW	620076307	368	5,813	SH		SOLE	3	5,813	0	0
MURPHY OIL	COM	626717102	267	4,700	SH		SOLE	3	4,700	0	0
MYLAN	COM	628530107	459	10,100	SH		SOLE	3	10,100	0	0
NABORS INDUSTRIES	SHS	G6359F103	155	6,800	SH		SOLE	3	6,800	0	0
NASDAQ OMX GROUP	COM	631103108	182	4,300	SH		SOLE	3	4,300	0	0
NATIONAL HEALTH INVS	COM	63633D104	51	900	SH		SOLE	3	900	0	0
NATIONAL OILWELL VARCO	COM	637071101	6,994	91,900	SH		OTR	3	91,900	0	0
NATIONAL OILWELL VARCO	COM	637071101	10,999	144,533	SH		SOLE	3	144,533	0	0
NATIONAL RETAIL PPTYS	COM	637417106	108,747	3,145,714	SH		OTR	3	3,145,714	0	0
NATIONAL RETAIL PPTYS	COM	637417106	121	3,500	SH		SOLE	3	3,500	0	0
NAVIENT	COM	63938C108	218	12,300	SH		SOLE	3	12,300	0	0
NETAPP	COM	64110D104	232	5,400	SH		OTR	3	5,400	0	0
NETAPP	COM	64110D104	378	8,800	SH		SOLE	3	8,800	0	0
NETFLIX	COM	64110L106	677	1,500	SH		SOLE	3	1,500	0	0
NETSUITE	COM	64118Q107	54	600	SH		SOLE	3	600	0	0
NEW YORK CMNTY BANCORP	COM	649445103	187	11,800	SH		SOLE	3	11,800	0	0
NEW YORK REIT	COM	64976L109	49	4,800	SH		SOLE	3	4,800	0	0
NEWELL RUBBERMAID	COM	651229106	255	7,400	SH		SOLE	3	7,400	0	0
NEWMONT MINING	COM	651639106	279	12,100	SH		SOLE	3	12,100	0	0
NEWS CORP	CL A	65249B109	192	11,737	SH		SOLE	3	11,737	0	0
NEXTERA ENERGY	COM	65339F101	231	2,462	SH		OTR	3	2,462	0	0
NEXTERA ENERGY	COM	65339F101	1,061	11,300	SH		SOLE	3	11,300	0	0
NIELSEN N	COM	N63218106	373	8,420	SH		OTR	3	8,420	0	0
NIELSEN N	COM	N63218106	310	7,000	SH		SOLE	3	7,000	0	0
NISOURCE	COM	65473P105	328	8,000	SH		SOLE	3	8,000	0	0
NOBLE ENERGY	COM	655044105	649	9,500	SH		SOLE	3	9,500	0	0
NORDSTROM	COM	655664100	267	3,900	SH		SOLE	3	3,900	0	0
NORFOLK SOUTHERN	COM	655844108	525	4,700	SH		OTR	3	4,700	0	0
NORFOLK SOUTHERN	COM	655844108	882	7,900	SH		SOLE	3	7,900	0	0
NORTHEAST	COM	664397106	385	8,680	SH		SOLE	3	8,680	0	0
NORTHERN TR	COM	665859104	388	5,700	SH		SOLE	3	5,700	0	0
NORTHROP GRUMMAN	COM	666807102	11,028	83,700	SH		SOLE	3	83,700	0	0
NPS PHARMACEUTICALS	COM	62936P103	136	5,240	SH		OTR	3	5,240	0	0
NRG ENERGY	COM NEW	629377508	280	9,200	SH		SOLE	3	9,200	0	0
NRG YIELD INC	CL A	62942X108	1,176	25,000	SH		DFND	4,1,2	25,000	0	0
NRG YIELD INC	CL A	62942X108	17	1,000	SH		DFND	4,1,2	1,000	0	0
NRG YIELD INC	CL A	62942X108	163	963	SH		DFND	4,1,2	963	0	0
NRG YIELD INC	CL A	62942X108	193	4,100	SH		SOLE	3	4,100	0	0
NUANCE COMMUNICATIONS	COM	67020Y100	125	8,100	SH		SOLE	3	8,100	0	0
NUCOR	COM	670346105	841	15,500	SH		SOLE	3	15,500	0	0
NVIDIA	COM	67066G104	1,021	55,350	SH		SOLE	3	55,350	0	0
NXP SEMICONDUCTORS N	COM	N6596X109	361	5,280	SH		OTR	3	5,280	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	406	2,700	SH		SOLE	3	2,700	0	0
OCCIDENTAL PETE CORP	COM	674599105	144	1,500	SH		OTR	3	1,500	0	0
OCCIDENTAL PETE CORP	COM	674599105	1,971	20,500	SH		SOLE	3	20,500	0	0
OCEANEERING INTL	COM	675232102	163	2,500	SH		SOLE	3	2,500	0	0
OCWEN FINL	COM NEW	675746309	65	2,500	SH		SOLE	3	2,500	0	0
OGE ENERGY	COM	670837103	174	4,700	SH		SOLE	3	4,700	0	0
OMEGA HEALTHCARE INVS	COM	681936100	138,063	4,038,107	SH		OTR	3	4,038,107	0	0
OMEGA HEALTHCARE INVS	COM	681936100	127	3,700	SH		SOLE	3	3,700	0	0
OMNICARE	COM	681904108	174	2,800	SH		SOLE	3	2,800	0	0
OMNICOM GROUP	COM	681919106	489	7,100	SH		SOLE	3	7,100	0	0
ONE LIBERTY PPTYS	COM	682406103	8	400	SH		SOLE	3	400	0	0
ONEOK INC	COM	682680103	380	5,800	SH		SOLE	3	5,800	0	0
ORACLE	COM	68389X105	10,963	286,400	SH		OTR	3	286,400	0	0
ORACLE	COM	68389X105	3,479	90,883	SH		SOLE	3	90,883	0	0
ORMAT TECHNOLOGIES	COM	686688102	118	4,500	SH		SOLE	3	4,500	0	0
OSHKOSH	COM	688239201	185	4,200	SH		SOLE	3	4,200	0	0
OWENS ILL	COM NEW	690768403	141	5,400	SH		SOLE	3	5,400	0	0
PACCAR	COM	693718108	531	9,337	SH		SOLE	3	9,337	0	0
PALL	COM	696429307	243	2,900	SH		SOLE	3	2,900	0	0
PANDORA MEDIA	COM	698354107	6,574	272,134	SH		DFND		272,134	0	0
PARKER HANNIFIN	COM	701094104	685	6,000	SH		SOLE	3	6,000	0	0
PARKWAY PPTYS	COM	70159Q104	11,992	638,567	SH		OTR	3	638,567	0	0
PARKWAY PPTYS	COM	70159Q104	41	2,200	SH		SOLE	3	2,200	0	0
PARTNERRE	COM	G6852T105	198	1,800	SH		SOLE	3	1,800	0	0
PATTERN ENERGY GROUP	CL A	70338P100	250	8,100	SH		SOLE	3	8,100	0	0
PATTERSON COMPANIES	COM	703395103	108	2,600	SH		SOLE	3	2,600	0	0
PAYCHEX	COM	704326107	407	9,200	SH		SOLE	3	9,200	0	0
PEABODY ENERGY	COM	704549104	119	9,600	SH		SOLE	3	9,600	0	0
PEBBLEBROOK HOTEL	COM	70509V100	90,934	2,435,306	SH		OTR	3	2,435,306	0	0
PEBBLEBROOK HOTEL	COM	70509V100	67	1,800	SH		SOLE	3	1,800	0	0
PENN NATL GAMING	COM	707569109	667	59,500	SH		OTR	3	59,500	0	0
PENTAIR	SHS	G7S00T104	313	4,780	SH		SOLE	3	4,780	0	0
PEOPLES UNITED FINANCIAL	COM	712704105	177	12,200	SH		SOLE	3	12,200	0	0
PEPCO HOLDINGS	COM	713291102	171	6,400	SH		SOLE	3	6,400	0	0
PEPSICO	COM	713448108	74	800	SH		OTR	3	800	0	0
PEPSICO	COM	713448108	3,657	39,285	SH		SOLE	3	39,285	0	0
PERRIGO CO	SHS	G97822103	90	600	SH		OTR	3	600	0	0
PERRIGO CO	SHS	G97822103	511	3,400	SH		SOLE	3	3,400	0	0
PETROCHINA CO LTD SPONSORED	ADR	71646E100	32	251	SH		DFND	2	251	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	73	5,150	SH		OTR	3	5,150	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	11,999	845,600	SH		SOLE	3	845,600	0	0
PETSMART	COM	716768106	161	2,300	SH		SOLE	3	2,300	0	0
PFIZER	COM	717081103	384	12,983	SH		OTR	3	12,983	0	0
PFIZER	COM	717081103	4,812	162,721	SH		SOLE	3	162,721	0	0
PG&E	COM	69331C108	558	12,400	SH		SOLE	3	12,400	0	0
PHARMACYCLICS	COM	716933106	211	1,800	SH		SOLE	3	1,800	0	0
PHILIP MORRIS INTL	COM	718172109	111	1,328	SH		OTR	3	1,328	0	0
PHILIP MORRIS INTL	COM	718172109	3,394	40,700	SH		SOLE	3	40,700	0	0
PHILIPPINE LONG DISTANCE TEL	ADR	718252604	621	9,000	SH		SOLE	3	9,000	0	0
PHILLIPS	COM	718546104	313	3,850	SH		OTR	3	3,850	0	0
PHILLIPS	COM	718546104	1,191	14,650	SH		SOLE	3	14,650	0	0
PHYSICIANS RLTY	COM	71943U104	3,052	222,477	SH		OTR	3	222,477	0	0
PHYSICIANS RLTY	COM	71943U104	16	1,200	SH		SOLE	3	1,200	0	0
PIEDMONT OFFICE REALTY TR IN	CL A	720190206	78	4,400	SH		SOLE	3	4,400	0	0
PINNACLE WEST CAP	COM	723484101	148	2,700	SH		SOLE	3	2,700	0	0
PIONEER NAT RES	COM	723787107	142	720	SH		OTR	3	720	0	0
PIONEER NAT RES	COM	723787107	729	3,700	SH		SOLE	3	3,700	0	0
PLUM CREEK TIMBER CO	COM	729251108	199	5,100	SH		SOLE	3	5,100	0	0
PNC FINL SVCS GROUP	COM	693475105	1,164	13,596	SH		SOLE	3	13,596	0	0
POLARIS INDS	COM	731068102	225	1,500	SH		SOLE	3	1,500	0	0
POST PPTYS	COM	737464107	10,650	207,446	SH		OTR	3	207,446	0	0
POST PPTYS	COM	737464107	77	1,500	SH		SOLE	3	1,500	0	0
PPG INDS	COM	693506107	1,397	7,100	SH		SOLE	3	7,100	0	0
PPL	COM	69351T106	545	16,600	SH		SOLE	3	16,600	0	0
PRAXAIR	COM	74005P104	1,213	9,400	SH		SOLE	3	9,400	0	0
PRECISION CASTPARTS	COM	740189105	995	4,200	SH		SOLE	3	4,200	0	0
PREFERRED APT CMNTYS	COM	74039L103	4	500	SH		SOLE	3	500	0	0
PRICE T ROWE GROUP	COM	74144T108	533	6,800	SH		SOLE	3	6,800	0	0
PRICELINE GRP	COM NEW	741503403	881	761	SH		DFND		761	0	0
PRICELINE GRP	COM NEW	741503403	278	240	SH		OTR	3	240	0	0
PRICELINE GRP	COM NEW	741503403	1,622	1,400	SH		SOLE	3	1,400	0	0
PRINCIPAL FINL GROUP	COM	74251V102	8,275	157,700	SH		SOLE	3	157,700	0	0
PROCTER & GAMBLE	COM	742718109	151	1,800	SH		OTR	3	1,800	0	0
PROCTER & GAMBLE	COM	742718109	5,823	69,537	SH		SOLE	3	69,537	0	0
PROGRESSIVE CORP	COM	743315103	364	14,400	SH		SOLE	3	14,400	0	0
PROLOGIS	COM	74340W103	617,213	16,371,689	SH		OTR	3	16,371,689	0	0
PROLOGIS	COM	74340W103	1,074	28,484	SH		SOLE	3	28,484	0	0
PROLOGIS	NOTE 3.250% 3/1	743410AY8	2,628	2,497,000	PRN		DFND	4,1,2	2,497,000	0	0
PRUDENTIAL FINL	COM	744320102	299	3,400	SH		OTR	3	3,400	0	0
PRUDENTIAL FINL	COM	744320102	16,735	190,300	SH		SOLE	3	190,300	0	0
PS BUSINESS PKS INC	COM	69360J107	46	600	SH		SOLE	3	600	0	0
PUBLIC	COM	74460D109	540,717	3,260,476	SH		OTR	3	3,260,476	0	0
PUBLIC	COM	74460D109	1,376	8,300	SH		SOLE	3	8,300	0	0
PUBLIC SVC ENTERPRISE	COM	744573106	503	13,500	SH		SOLE	3	13,500	0	0
PULTE GROUP	COM	745867101	145	8,200	SH		SOLE	3	8,200	0	0
PVH	COM	693656100	242	2,000	SH		SOLE	3	2,000	0	0
QEP RES	COM	74733V100	157	5,100	SH		SOLE	3	5,100	0	0
QTS RLTY TR INC	CL A	74736A103	12	400	SH		SOLE	3	400	0	0
QUALCOMM	COM	747525103	3,263	43,650	SH		DFND	4,1,2	43,650	0	0
QUALCOMM	COM	747525103	332	700	SH		DFND	4,1,2	700	0	0
QUALCOMM	COM	747525103	262	3,500	SH		OTR	3	3,500	0	0
QUALCOMM	COM	747525103	3,267	43,700	SH		SOLE	3	43,700	0	0
QUANTA SVCS	COM	74762E102	443	12,200	SH		SOLE	3	12,200	0	0
QUEST DIAGNOSTICS	COM	74834L100	231	3,800	SH		SOLE	3	3,800	0	0
QUINTILES TRANSNATIO HLDGS	COM	74876Y101	67	1,200	SH		SOLE	3	1,200	0	0
RACKSPACE HOSTING	COM	750086100	107	3,300	SH		SOLE	3	3,300	0	0
RALPH LAUREN	CL A	751212101	3,245	19,700	SH		OTR	3	19,700	0	0
RALPH LAUREN	CL A	751212101	280	1,700	SH		SOLE	3	1,700	0	0
RANGE RES	COM	75281A109	292	4,300	SH		SOLE	3	4,300	0	0
RAYMOND JAMES FINANCIAL	COM	754730109	161	3,000	SH		SOLE	3	3,000	0	0
RAYONIER	COM	754907103	93	3,000	SH		SOLE	3	3,000	0	0
RAYTHEON	COM NEW	755111507	365	3,590	SH		OTR	3	3,590	0	0
RAYTHEON	COM NEW	755111507	1,250	12,300	SH		SOLE	3	12,300	0	0
REALOGY HLDGS	COM	75605Y106	134	3,600	SH		SOLE	3	3,600	0	0
REALTY INCOME	COM	756109104	9,708	238,010	SH		OTR	3	238,010	0	0
REALTY INCOME	COM	756109104	500	12,250	SH		SOLE	3	12,250	0	0
RED HAT	COM	756577102	303	5,400	SH		SOLE	3	5,400	0	0
REGENCY CTRS	COM	758849103	288,803	5,365,098	SH		OTR	3	5,365,098	0	0
REGENCY CTRS	COM	758849103	328	6,100	SH		SOLE	3	6,100	0	0
REGENERON	COM	75886F107	386	1,070	SH		OTR	3	1,070	0	0
REGENERON	COM	75886F107	757	2,100	SH		SOLE	3	2,100	0	0
REGIONS FINL CORP	COM	7591EP100	342	34,035	SH		SOLE	3	34,035	0	0
RENAISSANCERE HOLDINGS	COM	G7496G103	130	1,300	SH		SOLE	3	1,300	0	0
RENEWABLE ENERGY GROUP	COM NEW	75972A301	10	1,000	SH		DFND	4,1,2	1,000	0	0
REPUBLIC SVCS	COM	760759100	152	3,900	SH		OTR	3	3,900	0	0
REPUBLIC SVCS	COM	760759100	281	7,200	SH		SOLE	3	7,200	0	0
RESMED	COM	761152107	158	3,200	SH		SOLE	3	3,200	0	0
RETAIL OPPORTUNITY INVTS	COM	76131N101	37	2,500	SH		SOLE	3	2,500	0	0
RETAIL PPTYS AMER	CL A	76131V202	126,696	8,660,008	SH		OTR	3	8,660,008	0	0
RETAIL PPTYS AMER	CL A	76131V202	99	6,800	SH		SOLE	3	6,800	0	0
REXFORD INDL RLTY	COM	76169C100	15	1,100	SH		SOLE	3	1,100	0	0
REYNOLDS AMERICAN	COM	761713106	484	8,200	SH		SOLE	3	8,200	0	0
RLJ LODGING	COM	74965L101	132,677	4,660,242	SH		OTR	3	4,660,242	0	0
RLJ LODGING	COM	74965L101	134	4,700	SH		SOLE	3	4,700	0	0
ROBERT HALF INTL	COM	770323103	261	5,320	SH		OTR	3	5,320	0	0
ROBERT HALF INTL	COM	770323103	304	6,200	SH		SOLE	3	6,200	0	0
ROCK-TENN	CL A	772739207	162	3,400	SH		SOLE	3	3,400	0	0
ROCKWELL AUTOMATION	COM	773903109	407	3,700	SH		SOLE	3	3,700	0	0
ROCKWELL COLLINS	COM	774341101	283	3,600	SH		SOLE	3	3,600	0	0
ROPER INDS INC	COM	776696106	380	2,600	SH		SOLE	3	2,600	0	0
ROSS STORES	COM	778296103	83	1,100	SH		OTR	3	1,100	0	0
ROSS STORES	COM	778296103	423	5,600	SH		SOLE	3	5,600	0	0
ROUSE PPTYS	COM	779287101	15	907	SH		SOLE	3	907	0	0
ROYAL CARIBBEAN CRUISES	COM	V7780T103	962	14,300	SH		SOLE	3	14,300	0	0
RYLAND GROUP	COM	783764103	180	5,441	SH		DFND	4,1,2	5,441	0	0
RYMAN HOSPITALITY PPTYS	COM	78377T107	71	1,500	SH		SOLE	3	1,500	0	0
SABRA HEALTH CARE REIT	COM	78573L106	32	1,300	SH		SOLE	3	1,300	0	0
SAFEWAY	COM NEW	786514208	202	5,900	SH		SOLE	3	5,900	0	0
SALESFORCE COM	COM	79466L302	855	14,877	SH		DFND		14,877	0	0
SALESFORCE COM	COM	79466L302	387	6,730	SH		OTR	3	6,730	0	0
SALESFORCE COM	COM	79466L302	886	15,400	SH		SOLE	3	15,400	0	0
SALIX PHARMACEUTICALS	COM	795435106	123	790	SH		OTR	3	790	0	0
SANDISK	COM	80004C101	4,868	49,700	SH		SOLE	3	49,700	0	0
SANDISK CORP	NOTE 1.500% 8/1	80004CAD3	33,715	17,500,000	PRN		DFND	4,1,2	17,500,000	0	0
SAUL CTRS	COM	804395101	14	300	SH		SOLE	3	300	0	0
SBA COMMUNICATIONS	COM	78388J106	399	3,600	SH		SOLE	3	3,600	0	0
SCANA CORP	COM	80589M102	154	3,100	SH		SOLE	3	3,100	0	0
SCHEIN HENRY	COM	806407102	291	2,500	SH		SOLE	3	2,500	0	0
SCHLUMBERGER	COM	806857108	3,408	33,517	SH		SOLE	3	33,517	0	0
SCHWAB CHARLES CORP	COM	808513105	902	30,700	SH		SOLE	3	30,700	0	0
SCRIPPS NETWORKS INTERACT IN CL	COM	811065101	195	2,500	SH		SOLE	3	2,500	0	0
SEAGATE TECHNOLOGY	SHS	G7945M107	498	8,700	SH		SOLE	3	8,700	0	0
SEALED AIR CORP	COM	81211K100	153	4,400	SH		SOLE	3	4,400	0	0
SEARS HLDGS	COM	812350106	41	1,625	SH		SOLE	3	1,625	0	0
SEI INVESTMENTS	COM	784117103	148	4,100	SH		SOLE	3	4,100	0	0
SELECT MED HLDGS	COM	81619Q105	208	17,366	SH		DFND	4,1,2	17,366	0	0
SEMPRA	COM	816851109	969	9,200	SH		SOLE	3	9,200	0	0
SENSATA TECHNOLOGIES HLDG	SHS	N7902X106	156	3,500	SH		SOLE	3	3,500	0	0
SERVICENOW	COM	81762P102	217	3,700	SH		SOLE	3	3,700	0	0
SHERWIN WILLIAMS	COM	824348106	482	2,200	SH		SOLE	3	2,200	0	0
SIGMA ALDRICH	COM	826552101	422	3,100	SH		SOLE	3	3,100	0	0
SILVER BAY RLTY TR	COM	82735Q102	18	1,100	SH		SOLE	3	1,100	0	0
SIMON PPTY GROUP INC	COM	828806109	1,200,603	7,302,049	SH		OTR	3	7,302,049	0	0
SIMON PPTY GROUP INC	COM	828806109	2,912	17,711	SH		SOLE	3	17,711	0	0
SIRIUS XM HLDGS	COM	82968B103	267	76,500	SH		SOLE	3	76,500	0	0
SK TELECOM LTD	ADR	78440P108	0	3	SH		DFND	2	3	0	0
SKYWORKS SOLUTIONS	COM	83088M102	6,444	111,000	SH		SOLE	3	111,000	0	0
SL GREEN RLTY	COM	78440X101	411,082	4,057,266	SH		OTR	3	4,057,266	0	0
SL GREEN RLTY	COM	78440X101	537	5,300	SH		SOLE	3	5,300	0	0
SMUCKER J M	COM NEW	832696405	267	2,700	SH		SOLE	3	2,700	0	0
SOLARCITY	COM	83416T100	10,099	169,449	SH		DFND		169,449	0	0
SOLAZYME	COM	83415T101	84	11,200	SH		SOLE	3	11,200	0	0
SOLERA HOLDINGS	COM	83421A104	141	2,500	SH		OTR	3	2,500	0	0
SOUTHERN	COM	842587107	969	22,200	SH		SOLE	3	22,200	0	0
SOUTHERN COPPER	COM	84265V105	18	600	SH		SOLE	3	600	0	0
SOUTHWEST AIRLS	COM	844741108	6,916	204,800	SH		SOLE	3	204,800	0	0
SOUTHWESTERN ENERGY	COM	845467109	301	8,600	SH		SOLE	3	8,600	0	0
SOVRAN SELF STORAGE	COM	84610H108	67	900	SH		SOLE	3	900	0	0
SPDR GOLD TRUST	SHS	78463V107	465	4,000	SH		SOLE	3	4,000	0	0
SPECTRA ENERGY	COM	847560109	683	17,396	SH		SOLE	3	17,396	0	0
SPECTRUM BRANDS HLDGS	COM	84763R101	1,811	20,000	SH		SOLE	3	20,000	0	0
SPIRIT AIRLS	COM	848577102	498	7,200	SH		SOLE	3	7,200	0	0
SPIRIT RLTY CAP INC	COM	84860W102	115,629	10,540,448	SH		OTR	3	10,540,448	0	0
SPIRIT RLTY CAP INC	COM	84860W102	126	11,500	SH		SOLE	3	11,500	0	0
SPLUNK	COM	848637104	752	13,600	SH		DFND		13,600	0	0
SPX	COM	784635104	113	1,200	SH		SOLE	3	1,200	0	0
ST JUDE MED	COM	790849103	469	7,800	SH		SOLE	3	7,800	0	0
STAG INDL	COM	85254J102	33	1,600	SH		SOLE	3	1,600	0	0
STANLEY BLACK & DECKER	COM	854502101	322	3,624	SH		SOLE	3	3,624	0	0
STAPLES	COM	855030102	188	15,500	SH		SOLE	3	15,500	0	0
STARBUCKS	COM	855244109	1,201	15,926	SH		DFND		15,926	0	0
STARBUCKS	COM	855244109	1,464	19,400	SH		SOLE	3	19,400	0	0
STARWOOD HOTELS&RESORTS	COM	85590A401	1,331	16,000	SH		OTR	3	16,000	0	0
STARWOOD HOTELS&RESORTS	COM	85590A401	416	5,000	SH		SOLE	3	5,000	0	0
STARWOOD WAYPOINT RESIDENTL	SHS	85571W109	1,897	72,940	SH		OTR	3	72,940	0	0
STARWOOD WAYPOINT RESIDENTL	SHS	85571W109	29	1,100	SH		SOLE	3	1,100	0	0
STATE STR	COM	857477103	8,925	121,243	SH		SOLE	3	121,243	0	0
STERICYCLE	COM	858912108	256	2,200	SH		SOLE	3	2,200	0	0
STRATEGIC HOTELS & RESORTS	COM	86272T106	126,970	10,898,733	SH		OTR	3	10,898,733	0	0
STRATEGIC HOTELS & RESORTS	COM	86272T106	84	7,200	SH		SOLE	3	7,200	0	0
STRYKER	COM	863667101	735	9,100	SH		SOLE	3	9,100	0	0
SUMMIT HOTEL	COM	866082100	3,176	294,619	SH		OTR	3	294,619	0	0
SUMMIT HOTEL	COM	866082100	26	2,400	SH		SOLE	3	2,400	0	0
SUN CMNTYS	COM	866674104	11,703	231,736	SH		OTR	3	231,736	0	0
SUN CMNTYS	COM	866674104	56	1,100	SH		SOLE	3	1,100	0	0
SUNPOWER	COM	867652406	190	5,600	SH		SOLE	3	5,600	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	140,239	10,147,559	SH		OTR	3	10,147,559	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	81	5,870	SH		SOLE	3	5,870	0	0
SUNSTONE HOTEL INVS INC	NEW CV 8% CUM PFD-D	867892507	799	29,925	SH		OTR	3	0	0	0
SUNTRUST BKS	COM	867914103	542	14,248	SH		SOLE	3	14,248	0	0
SUPERIOR ENERGY SVCS	COM	868157108	138	4,200	SH		SOLE	3	4,200	0	0
SYMANTEC	COM	871503108	661	28,100	SH		SOLE	3	28,100	0	0
SYNOPSYS	COM	871607107	195	4,900	SH		SOLE	3	4,900	0	0
SYSCO	COM	871829107	554	14,600	SH		SOLE	3	14,600	0	0
T-MOBILE US	COM	872590104	178	6,150	SH		SOLE	3	6,150	0	0
TANGER FACTORY OUTLET CTRS	COM	875465106	92	2,800	SH		SOLE	3	2,800	0	0
TARGET	COM	87612E106	972	15,500	SH		SOLE	3	15,500	0	0
TAUBMAN CTRS	COM	876664103	189,475	2,595,551	SH		OTR	3	2,595,551	0	0
TAUBMAN CTRS	COM	876664103	131	1,800	SH		SOLE	3	1,800	0	0
TD AMERITRADE HLDG	COM	87236Y108	244	7,300	SH		SOLE	3	7,300	0	0
TE CONNECTIVITY LTD	SHS	H84989104	5,911	106,900	SH		OTR	3	106,900	0	0
TE CONNECTIVITY LTD	SHS	H84989104	593	10,725	SH		SOLE	3	10,725	0	0
TELEDYNE TECHNOLOGIES	COM	879360105	352	3,740	SH		OTR	3	3,740	0	0
TELEFONICA BRASIL SA	ADR	87936R106	12	600	SH		SOLE	3	600	0	0
TELEFONICA BRASIL SA	ADR	87936R106	8,247	419,060	SH		SOLE	3	419,060	0	0
TENET HEALTHCARE	COM NEW	88033G407	4,401	74,100	SH		OTR	3	74,100	0	0
TERADATA CORP	COM	88076W103	205	4,900	SH		SOLE	3	4,900	0	0
TERRENO RLTY	COM	88146M101	17	900	SH		SOLE	3	900	0	0
TESLA MTRS	COM	88160R101	121	500	SH		DFND	1,2	500	0	0
TESLA MTRS	COM	88160R101	6,802	28,031	SH		DFND		28,031	0	0
TESLA MTRS	COM	88160R101	680	2,800	SH		SOLE	3	2,800	0	0
TESLA MTRS INC	NOTE 1.250% 3/0	88160RAC5	4,762	5,000,000	PRN		DFND	4,1,2	5,000,000	0	0
TESORO	COM	881609101	189	3,100	SH		SOLE	3	3,100	0	0
TEXAS INSTRS	COM	882508104	1,297	27,200	SH		SOLE	3	27,200	0	0
TEXTRON	COM	883203101	266	7,400	SH		SOLE	3	7,400	0	0
THE ADT	COM	00101J106	162	4,562	SH		SOLE	3	4,562	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	145	1,194	SH		OTR	3	1,194	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	1,229	10,100	SH		SOLE	3	10,100	0	0
TIFFANY & CO	COM	886547108	282	2,932	SH		DFND		2,932	0	0
TIFFANY & CO	COM	886547108	992	10,300	SH		OTR	3	10,300	0	0
TIFFANY & CO	COM	886547108	318	3,300	SH		SOLE	3	3,300	0	0
TIM PARTICIPACOES S A	ADR	88706P205	8	300	SH		SOLE	3	300	0	0
TIME WARNER	COM NEW	887317303	1,715	22,799	SH		SOLE	3	22,799	0	0
TIME WARNER CABLE	COM	88732J207	72	500	SH		OTR	3	500	0	0
TIME WARNER CABLE	COM	88732J207	12,521	87,260	SH		SOLE	3	87,260	0	0
TJX COS INC	COM	872540109	1,112	18,800	SH		SOLE	3	18,800	0	0
TOLL BROTHERS	COM	889478103	1,713	55,000	SH		DFND		55,000	0	0
TOLL BROTHERS	COM	889478103	131	4,200	SH		SOLE	3	4,200	0	0
TORCHMARK	COM	891027104	195	3,725	SH		SOLE	3	3,725	0	0
TOTAL SYS SVCS	COM	891906109	153	4,951	SH		SOLE	3	4,951	0	0
TOWERS WATSON &	CL A	891894107	169	1,700	SH		SOLE	3	1,700	0	0
TRACTOR SUPPLY	COM	892356106	221	3,600	SH		SOLE	3	3,600	0	0
TRADE STR RESIDENTIAL	COM NEW	89255N203	3	400	SH		SOLE	3	400	0	0
TRANSDIGM GROUP	COM	893641100	221	1,200	SH		SOLE	3	1,200	0	0
TRAVELERS COMPANIES	COM	89417E109	848	9,023	SH		SOLE	3	9,023	0	0
TRIMBLE NAVIGATION	COM	896239100	183	6,000	SH		SOLE	3	6,000	0	0
TRINITY INDS	COM	896522109	6,214	133,000	SH		SOLE	3	133,000	0	0
TRIPADVISOR	COM	896945201	293	3,200	SH		SOLE	3	3,200	0	0
TRIUMPH GROUP INC	COM	896818101	150	2,300	SH		OTR	3	2,300	0	0
TRONOX LTD	CL A	Q9235V101	177	6,800	SH		SOLE	3	6,800	0	0
TRW AUTOMOTIVE HLDGS	COM	87264S106	294	2,900	SH		SOLE	3	2,900	0	0
TWENTY FIRST CENTY FOX	CL A	90130A101	1,243	36,250	SH		SOLE	3	36,250	0	0
TWITTER	COM	90184L102	2,285	44,308	SH		DFND		44,308	0	0
TWITTER	COM	90184L102	428	8,300	SH		SOLE	3	8,300	0	0
TYCO INTERNATIONAL	SHS	H89128104	518	11,625	SH		SOLE	3	11,625	0	0
TYSON FOODS	CL A	902494103	327	8,300	SH		OTR	3	8,300	0	0
TYSON FOODS	CL A	902494103	327	8,300	SH		SOLE	3	8,300	0	0
U M H PROPERTIES	COM	903002103	4	400	SH		SOLE	3	400	0	0
U M H PROPERTIES INC	CV RED PFD-A	903002202	26	1,000	SH		OTR	3	0	0	0
UDR	COM	902653104	369,905	13,574,506	SH		OTR	3	13,574,506	0	0
UDR	COM	902653104	376	13,800	SH		SOLE	3	13,800	0	0
ULTA SALON COSMETCS & FRAG	COM	90384S303	213	1,800	SH		SOLE	3	1,800	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	25	1,200	SH		SOLE	3	1,200	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	2,092	99,050	SH		SOLE	3	99,050	0	0
UNDER ARMOUR	CL A	904311107	311	4,500	SH		SOLE	3	4,500	0	0
UNION PAC	COM	907818108	5,573	51,400	SH		OTR	3	51,400	0	0
UNION PAC	COM	907818108	10,365	95,600	SH		SOLE	3	95,600	0	0
UNITED CONTL HLDGS	COM	910047109	224	4,790	SH		OTR	3	4,790	0	0
UNITED CONTL HLDGS	COM	910047109	89	1,900	SH		SOLE	3	1,900	0	0
UNITED RENTALS	COM	911363109	644	5,800	SH		SOLE	3	5,800	0	0
UNITED TECHNOLOGIES	COM	913017109	2,946	27,900	SH		SOLE	3	27,900	0	0
UNITEDHEALTH GROUP	COM	91324P102	2,538	29,426	SH		SOLE	3	29,426	0	0
UNUM	COM	91529Y106	223	6,500	SH		SOLE	3	6,500	0	0
URBAN OUTFITTERS	COM	917047102	2,495	68,000	SH		DFND	4,1,2	68,000	0	0
URBAN OUTFITTERS	COM	917047102	275	2,000	SH		DFND	4,1,2	2,000	0	0
URBAN OUTFITTERS	COM	917047102	147	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	2,280	54,500	SH		SOLE	3	54,500	0	0
V F	COM	918204108	507	7,680	SH		OTR	3	7,680	0	0
V F	COM	918204108	588	8,900	SH		SOLE	3	8,900	0	0
VALE S	ADR	91912E105	108	9,800	SH		SOLE	3	9,800	0	0
VALE S	ADR	91912E105	595	54,000	SH		SOLE	3	54,000	0	0
VALERO ENERGY CORP	COM	91913Y100	629	13,592	SH		SOLE	3	13,592	0	0
VANTIV	CL A	92210H105	102	3,300	SH		SOLE	3	3,300	0	0
VARIAN MED SYS	COM	92220P105	216	2,700	SH		SOLE	3	2,700	0	0
VECTOR GROUP LTD	FRNT 1/1	92240MAY4	3,665	2,500,000	PRN		DFND	4,1,2	2,500,000	0	0
VECTOR GROUP LTD	NOTE 1.750% 4/1	92240MBC1	2,234	2,000,000	PRN		DFND	4,1,2	2,000,000	0	0
VENTAS	COM	92276F100	547,323	8,834,918	SH		OTR	3	8,834,918	0	0
VENTAS	COM	92276F100	1,017	16,424	SH		SOLE	3	16,424	0	0
VERISIGN	COM	92343E102	171	3,100	SH		SOLE	3	3,100	0	0
VERISK ANALYTICS	CL A	92345Y106	250	4,100	SH		SOLE	3	4,100	0	0
VERIZON COMMUNICATIONS	COM	92343V104	5,296	105,948	SH		SOLE	3	105,948	0	0
VERTEX PHARMACEUTICALS	COM	92532F100	285	2,540	SH		OTR	3	2,540	0	0
VERTEX PHARMACEUTICALS	COM	92532F100	685	6,100	SH		SOLE	3	6,100	0	0
VIRTUS INVT PARTNERS	COM	92828Q109	191	1,100	SH		OTR	3	1,100	0	0
VISA INC	CL A	92826C839	1,111	5,210	SH		DFND		5,210	0	0
VISA INC	CL A	92826C839	2,411	11,300	SH		OTR	3	11,300	0	0
VISA INC	CL A	92826C839	2,710	12,700	SH		SOLE	3	12,700	0	0
VISTEON	COM NEW	92839U206	4,085	42,000	SH		SOLE	3	42,000	0	0
VMWARE INC CL	COM	928563402	338	3,600	SH		SOLE	3	3,600	0	0
VOYA FINL	COM	929089100	156	4,000	SH		SOLE	3	4,000	0	0
VULCAN MATLS	COM	929160109	533	8,850	SH		OTR	3	8,850	0	0
VULCAN MATLS	COM	929160109	217	3,600	SH		SOLE	3	3,600	0	0
W P CAREY	COM	92936U109	166	2,600	SH		SOLE	3	2,600	0	0
WABCO HLDGS	COM	92927K102	277	3,050	SH		OTR	3	3,050	0	0
WAL-MART STORES	COM	931142103	199	2,600	SH		OTR	3	2,600	0	0
WAL-MART STORES	COM	931142103	3,181	41,600	SH		SOLE	3	41,600	0	0
WALGREEN	COM	931422109	1,381	23,300	SH		SOLE	3	23,300	0	0
WASHINGTON PRIME GROUP	COM	939647103	10,984	628,367	SH		OTR	3	628,367	0	0
WASHINGTON PRIME GROUP	COM	939647103	78	4,439	SH		SOLE	3	4,439	0	0
WASTE MGMT INC	COM	94106L109	547	11,500	SH		SOLE	3	11,500	0	0
WATERS	COM	941848103	238	2,400	SH		SOLE	3	2,400	0	0
WEATHERFORD INTL PLC	SHS	G48833100	406	19,500	SH		SOLE	3	19,500	0	0
WEBMD HEALTH	COM	94770V102	30	1,500	SH		DFND	4,1,2	1,500	0	0
WEBMD HEALTH	COM	94770V102	28	250	SH		DFND	4,1,2	250	0	0
WEBMD HEALTH CORP	NOTE 2.500% 1/3	94770VAF9	5,034	5,000,000	PRN		DFND	4,1,2	5,000,000	0	0
WELLPOINT	COM	94973V107	927	7,750	SH		SOLE	3	7,750	0	0
WELLS FARGO & CO	COM	949746101	4,934	95,126	SH		OTR	3	95,126	0	0
WELLS FARGO & CO	COM	949746101	6,816	131,409	SH		SOLE	3	131,409	0	0
WESTERN DIGITAL	COM	958102105	569	5,850	SH		OTR	3	5,850	0	0
WESTERN DIGITAL	COM	958102105	17,109	175,800	SH		SOLE	3	175,800	0	0
WESTERN UN	COM	959802109	240	14,946	SH		SOLE	3	14,946	0	0
WESTLAKE CHEM	COM	960413102	104	1,200	SH		SOLE	3	1,200	0	0
WEYERHAEUSER	COM	962166104	419	13,158	SH		SOLE	3	13,158	0	0
WHIRLPOOL	COM	963320106	320	2,200	SH		SOLE	3	2,200	0	0
WHITESTONE	COM	966084204	8	600	SH		SOLE	3	600	0	0
WHITING PETE CORP	COM	966387102	240	3,100	SH		SOLE	3	3,100	0	0
WHOLE FOODS MKT	COM	966837106	351	9,200	SH		SOLE	3	9,200	0	0
WILLIAMS COS INC	COM	969457100	980	17,700	SH		SOLE	3	17,700	0	0
WILLIS GROUP HOLDINGS	SHS	G96666105	190	4,600	SH		SOLE	3	4,600	0	0
WINDSTREAM HLDGS	COM	97382A101	164	15,200	SH		SOLE	3	15,200	0	0
WISCONSIN ENERGY	COM	976657106	262	6,100	SH		SOLE	3	6,100	0	0
WOODWARD	COM	980745103	181	3,800	SH		SOLE	3	3,800	0	0
WORKDAY	CL A	98138H101	182	2,200	SH		SOLE	3	2,200	0	0
WYNDHAM WORLDWIDE	COM	98310W108	869	10,700	SH		SOLE	3	10,700	0	0
WYNN RESORTS	COM	983134107	5,051	27,000	SH		DFND	4,1,2	27,000	0	0
WYNN RESORTS	COM	983134107	647	500	SH		DFND	4,1,2	500	0	0
WYNN RESORTS	COM	983134107	412	2,200	SH		SOLE	3	2,200	0	0
XCEL ENERGY	COM	98389B100	410	13,500	SH		SOLE	3	13,500	0	0
XEROX	COM	984121103	382	28,853	SH		SOLE	3	28,853	0	0
XILINX	COM	983919101	195	4,600	SH		OTR	3	4,600	0	0
XILINX	COM	983919101	288	6,800	SH		SOLE	3	6,800	0	0
XL GROUP	SHS	G98290102	269	8,100	SH		SOLE	3	8,100	0	0
XYLEM	COM	98419M100	220	6,200	SH		SOLE	3	6,200	0	0
YAHOO	COM	984332106	258	6,338	SH		DFND		6,338	0	0
YAHOO	COM	984332106	9,083	222,900	SH		SOLE	3	222,900	0	0
YELP	CL A	985817105	102	1,500	SH		DFND	1,2	1,500	0	0
YELP	CL A	985817105	11,664	170,910	SH		DFND		170,910	0	0
YUM BRANDS	COM	988498101	828	11,500	SH		SOLE	3	11,500	0	0
ZILLOW	CL A	98954A107	11,924	102,810	SH		DFND		102,810	0	0
ZIMMER HLDGS	COM	98956P102	442	4,400	SH		SOLE	3	4,400	0	0
ZOETIS	CL A	98978V103	353	9,540	SH		OTR	3	9,540	0	0
ZOETIS	CL A	98978V103	432	11,700	SH		SOLE	3	11,700	0	0