Daiwa Securities (DSEEY) 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ACADIA RLTY TR COM	SH BEN INT	004239109	65	2,041	SH		SOLE	3	2,041	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	166	1,600	SH		DFND	1,2	1,600	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	3,238	30,627	SH		DFND	4	30,627	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	1,896	18,240	SH		OTR	3	18,240	0	0
AMREIT INC	NEW CL B	03216B208	13	500	SH		SOLE	3	500	0	0
BAIDU INC	SPON ADR REP A	056752108	36	160	SH		OTR	3	160	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	144	10,800	SH		SOLE	3	10,800	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	22,344	1,671,217	SH		SOLE	3	1,671,217	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	29	600	SH		SOLE	3	600	0	0
BARCLAYS BK PLC I	PATH S&P500 VIX	06742E711	94	3,000	SH		DFND	1,2	3,000	0	0
BERKSHIRE HATHAWAY INC	DEL CL B NEW	084670702	4,099	27,300	SH		SOLE	3	27,300	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	18,280	1,143,954	SH		OTR	3	1,143,954	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	88	5,500	SH		SOLE	3	5,500	0	0
BROWN FORMAN CORP	CL B	115637209	264	3,000	SH		SOLE	3	3,000	0	0
CABLEVISION SYS CORP	CL A NY CABLVS	12686C109	136	6,600	SH		SOLE	3	6,600	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	362	4,900	SH		SOLE	3	4,900	0	0
CARNIVAL CORP	PAIRED CTF	143658300	503	11,100	SH		SOLE	3	11,100	0	0
CBS CORP NEW	CL B	124857202	657	11,871	SH		SOLE	3	11,871	0	0
CELANESE CORP DEL COM	SER A	150870103	234	3,900	SH		SOLE	3	3,900	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	3,057	300,000	SH		DFND	5,1,2	300,000	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	30	500	SH		DFND	5,1,2	500	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	74	1,000	SH		DFND	5,1,2	1,000	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	251	2,000	SH		DFND	5,1,2	2,000	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	44	1,000	SH		DFND	5,1,2	1,000	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	41	1,185	SH		DFND	5,1,2	1,185	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	144	3,204	SH		DFND	5,1,2	3,204	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	148	14,529	SH		SOLE	3	14,529	0	0
CHARTER COMMUNICATIONS INC	D CL A NEW	16117M305	317	1,900	SH		SOLE	3	1,900	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	63	1,700	SH		SOLE	3	1,700	0	0
COMCAST CORP NEW	CL A SPL	20030N200	593	10,300	SH		SOLE	3	10,300	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	104	21,000	SH		SOLE	3	21,000	0	0
CORPORATE OFFICE PPTYS	TR SH BEN INT	22002T108	128,430	4,526,964	SH		OTR	3	4,526,964	0	0
CORPORATE OFFICE PPTYS	TR SH BEN INT	22002T108	79	2,800	SH		SOLE	3	2,800	0	0
DISCOVERY COMMUNICATNS NEW COM	SER A	25470F104	125	3,640	SH		SOLE	3	3,640	0	0
DISNEY WALT CO	COM DISNEY	254687106	213	2,250	SH		DFND	4	2,250	0	0
DISNEY WALT CO	COM DISNEY	254687106	217	2,300	SH		OTR	3	2,300	0	0
DISNEY WALT CO	COM DISNEY	254687106	14,694	156,000	SH		SOLE	3	156,000	0	0
EATON VANCE CORP	COM NON VTG	278265103	151	3,700	SH		SOLE	3	3,700	0	0
ECOPETROL S A	SPONSORED ADS	279158109	17	1,000	SH		SOLE	3	1,000	0	0
EPR PPTYS COM	SH BEN INT	26884U109	98	1,700	SH		SOLE	3	1,700	0	0
EQUITY COMWLTH COM	SH BEN INT	294628102	102	3,975	SH		SOLE	3	3,975	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	766,152	10,664,696	SH		OTR	3	10,664,696	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	1,437	20,000	SH		SOLE	3	20,000	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	202,728	1,519,016	SH		OTR	3	1,519,016	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	520	3,900	SH		SOLE	3	3,900	0	0
FOMENTO ECONOMICO MEXICANO	S SPON ADR UNITS	344419106	295	3,350	SH		SOLE	3	3,350	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	3,100	200,000	SH		DFND	5,1,2	200,000	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	449	2,500	SH		DFND	5,1,2	2,500	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	208	13,400	SH		OTR	3	13,400	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	1,329	85,723	SH		SOLE	3	85,723	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	571	24,458	SH		SOLE	3	24,458	0	0
GERDAU S A	SPON ADR REP PFD	373737105	12	3,500	SH		SOLE	3	3,500	0	0
GERDAU S A	SPON ADR REP PFD	373737105	3,583	1,009,200	SH		SOLE	3	1,009,200	0	0
GLIMCHER RLTY TR	SH BEN INT	379302102	63	4,600	SH		SOLE	3	4,600	0	0
GLOBAL X FDS	GLBX MSCI COLUM	37950E200	36	2,800	SH		SOLE	3	2,800	0	0
GOOGLE INC	CL C	38259P706	3,927	7,460	SH		OTR	3	7,460	0	0
GOOGLE INC	CL C	38259P706	3,632	6,900	SH		SOLE	3	6,900	0	0
GOVERNMENT PPTYS INCOME	TR COM SHS BEN INT	38376A103	51	2,200	SH		SOLE	3	2,200	0	0
GRUPO AEROPORTUARIO DEL SURE	SPON ADR SER B	40051E202	40	300	SH		SOLE	3	300	0	0
GRUPO FINANCIERO SANTANDER M	SPON ADR SHS B	40053C105	53	5,100	SH		SOLE	3	5,100	0	0
HEALTHCARE TR AMER INC	CL A NEW ADDED	42225P501	139,524	5,179,050	SH		OTR	3	5,179,050	0	0
HEALTHCARE TR AMER INC	CL A NEW ADDED	42225P501	98	3,650	SH		SOLE	3	3,650	0	0
HERSHA HOSPITALITY TR	SH BEN INT A	427825104	44	6,200	SH		SOLE	3	6,200	0	0
HOSPITALITY PPTYS TR	COM SH BEN INT	44106M102	143	4,600	SH		SOLE	3	4,600	0	0
INVESTORS REAL ESTATE	TR SH BEN INT	461730103	29	3,500	SH		SOLE	3	3,500	0	0
ISHARES	MSCI CDA ETF	464286509	83	2,880	SH		SOLE	3	2,880	0	0
ISHARES	MSCI CH CAP ETF	464286640	60	1,500	SH		SOLE	3	1,500	0	0
ISHARES	MSCI PAC JP ETF	464286665	93	2,110	SH		SOLE	3	2,110	0	0
ISHARES	MSCI GERMANY ETF	464286806	302	11,000	SH		SOLE	3	11,000	0	0
ISHARES IBOXX	HI YD ETF	464288513	887	9,900	SH		SOLE	3	9,900	0	0
ISHARES INTL	SEL DIV ETF	464288448	522	15,500	SH		SOLE	3	15,500	0	0
ISHARES TR	MSCI EMG MKT ETF	464287234	1,650	42,000	SH		SOLE	3	42,000	0	0
ITAU UNIBANCO HLDG	SA SPON ADR REP PFD	465562106	17	1,300	SH		SOLE	3	1,300	0	0
ITAU UNIBANCO HLDG	SA SPON ADR REP PFD	465562106	15,313	1,177,032	SH		SOLE	3	1,177,032	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	213	1,300	SH		SOLE	3	1,300	0	0
LASALLE HOTEL PPTYS	COM SH BEN INT	517942108	4,181	103,300	SH		SOLE	3	103,300	0	0
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	648	13,409	SH		SOLE	3	13,409	0	0
LIBERTY INTERACTIVE CORP	INT COM SER A	53071M104	340	11,550	SH		SOLE	3	11,550	0	0
LIBERTY MEDIA CORP DELAWARE	COM SER C	531229300	172	4,900	SH		SOLE	3	4,900	0	0
LIBERTY PPTY	TR SH BEN INT	531172104	324	8,600	SH		SOLE	3	8,600	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	111	1,400	SH		OTR	3	1,400	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	826	10,400	SH		SOLE	3	10,400	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	223	3,000	SH		SOLE	3	3,000	0	0
MOLSON COORS BREWING CO	CL B	60871R209	287	3,850	SH		SOLE	3	3,850	0	0
NIKE INC	CL B	654106103	3,202	33,300	SH		SOLE	3	33,300	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	16,857	718,524	SH		OTR	3	718,524	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	52	2,200	SH		SOLE	3	2,200	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	3,413	450,300	SH		SOLE	3	450,300	0	0
POWERSHARES DB CMDTY	IDX TRA UNIT BEN INT	73935S105	55	3,000	SH		SOLE	3	3,000	0	0
POWERSHARES GLOBAL ETF TRUST	EMER MRKT PORT	73936T763	820	44,000	SH		SOLE	3	44,000	0	0
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	719	30,000	SH		DFND	1,2	30,000	0	0
RAMCO-GERSHENSON PPTYS TR	COM SH BEN INT	751452202	45	2,400	SH		SOLE	3	2,400	0	0
SELECT INCOME REIT	COM SH BEN INT	81618T100	29	1,200	SH		SOLE	3	1,200	0	0
SELECT SECTOR SPDR	TR SBI CONS DISCR	81369Y407	180	2,500	SH		DFND	1,2	2,500	0	0
SELECT SECTOR SPDR	TR SBI INT-UTILS	81369Y886	165	3,500	SH		DFND	1,2	3,500	0	0
SENIOR HSG PPTYS	TR SH BEN INT	81721M109	137	6,200	SH		SOLE	3	6,200	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	445	2,500	SH		SOLE	3	2,500	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	77	900	SH		DFND	5,1,2	900	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	44	250	SH		DFND	5,1,2	250	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	2,392	11,640	SH		OTR	3	11,640	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	1,396	6,790	SH		SOLE	3	6,790	0	0
SPDR SERIES TRUST	S&P SEMICNDCTR	78464A862	159	2,000	SH		DFND	1,2	2,000	0	0
SPDR SERIES TRUST	S&P BIOTECH	78464A870	186	1,000	SH		DFND	1,2	1,000	0	0
SPRINT CORP	COM SER 1	85207U105	75	18,179	SH		SOLE	3	18,179	0	0
3-D SYS CORP	COM NEW	88554D205	3,978	124,744	SH		DFND	4	124,744	0	0
3M	COM	88579Y101	3,640	22,150	SH		SOLE	3	22,150	0	0
ABBOTT	COM	002824100	1,621	36,000	SH		SOLE	3	36,000	0	0
ABBVIE	COM	00287Y109	216	3,300	SH		OTR	3	3,300	0	0
ABBVIE	COM	00287Y109	2,506	38,300	SH		SOLE	3	38,300	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	3,342	37,420	SH		OTR	3	37,420	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	1,371	15,350	SH		SOLE	3	15,350	0	0
ACE	SHS	H0023R105	69	600	SH		OTR	3	600	0	0
ACE	SHS	H0023R105	936	8,150	SH		SOLE	3	8,150	0	0
ACTIVISION BLIZZARD	COM	00507V109	252	12,500	SH		SOLE	3	12,500	0	0
ADOBE SYS	COM	00724F101	829	11,400	SH		SOLE	3	11,400	0	0
ADVANCE AUTO PARTS	COM	00751Y106	2,394	15,030	SH		OTR	3	15,030	0	0
ADVANCE AUTO PARTS	COM	00751Y106	295	1,850	SH		SOLE	3	1,850	0	0
AES	COM	00130H105	240	17,400	SH		SOLE	3	17,400	0	0
AETNA INC	COM	00817Y108	4,531	51,010	SH		OTR	3	51,010	0	0
AETNA INC	COM	00817Y108	779	8,773	SH		SOLE	3	8,773	0	0
AFFILIATED MANAGERS	COM	008252108	255	1,200	SH		SOLE	3	1,200	0	0
AFLAC	COM	001055102	684	11,200	SH		SOLE	3	11,200	0	0
AGCO	COM	001084102	118	2,600	SH		SOLE	3	2,600	0	0
AGILENT TECHNOLOGIES	COM	00846U101	331	8,090	SH		SOLE	3	8,090	0	0
AGREE REALTY	COM	008492100	16	500	SH		SOLE	3	500	0	0
AIR PRODS & CHEMS	COM	009158106	743	5,150	SH		SOLE	3	5,150	0	0
AIRGAS	COM	009363102	173	1,500	SH		SOLE	3	1,500	0	0
AK8 WEBMD HEALTH CORP	NOTE 1.500% 12/0 ADDED	94770VAK8	1,496	1,500,000	PRN		DFND	5,1,2	1,500,000	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	2,279	36,200	SH		SOLE	3	36,200	0	0
ALASKA AIR GROUP	COM	011659109	5,378	90,000	SH		SOLE	3	90,000	0	0
ALBANY MOLECULAR RESH INC	NOTE 2.250%11/1 ADDED	012423AB5	5,446	4,500,000	PRN		DFND	5,1,2	4,500,000	0	0
ALBEMARLE	COM	012653101	132	2,200	SH		SOLE	3	2,200	0	0
ALCOA	COM	013817101	453	28,700	SH		SOLE	3	28,700	0	0
ALEXANDERS	COM	014752109	44	100	SH		SOLE	3	100	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	222	2,500	SH		SOLE	3	2,500	0	0
ALEXION PHARMACEUTICALS	COM	015351109	870	4,700	SH		SOLE	3	4,700	0	0
ALKERMES	SHS	G01767105	578	9,870	SH		OTR	3	9,870	0	0
ALLEGHANY CORP	COM	017175100	185	400	SH		SOLE	3	400	0	0
ALLERGAN	COM	018490102	1,499	7,050	SH		SOLE	3	7,050	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	3,641	12,730	SH		OTR	3	12,730	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	372	1,300	SH		SOLE	3	1,300	0	0
ALLIANT ENERGY	COM	018802108	186	2,800	SH		SOLE	3	2,800	0	0
ALLSTATE	COM	020002101	745	10,600	SH		SOLE	3	10,600	0	0
ALLY FINL	COM	02005N100	142	6,000	SH		SOLE	3	6,000	0	0
ALTERA	COM	021441100	454	12,300	SH		SOLE	3	12,300	0	0
ALTRIA GROUP	COM	02209S103	2,301	46,700	SH		SOLE	3	46,700	0	0
AMAZON COM	COM	023135106	2,680	8,638	SH		DFND	4	8,638	0	0
AMAZON COM	COM	023135106	5,046	16,260	SH		OTR	3	16,260	0	0
AMAZON COM	COM	023135106	2,886	9,300	SH		SOLE	3	9,300	0	0
AMBEV SA	ADR	02319V103	2,791	448,700	SH		SOLE	3	448,700	0	0
AMEREN	COM	023608102	281	6,100	SH		SOLE	3	6,100	0	0
AMERICA MOVIL SAB DE CV SPON ADR	SHS	02364W105	350	15,800	SH		SOLE	3	15,800	0	0
AMERICAN AIRLS GROUP	COM	02376R102	923	17,210	SH		OTR	3	17,210	0	0
AMERICAN AIRLS GROUP	COM	02376R102	241	4,500	SH		SOLE	3	4,500	0	0
AMERICAN ASSETS TR	COM	024013104	22,107	555,309	SH		OTR	3	555,309	0	0
AMERICAN ASSETS TR	COM	024013104	48	1,200	SH		SOLE	3	1,200	0	0
AMERICAN CAMPUS CMNTYS	COM	024835100	135	3,268	SH		SOLE	3	3,268	0	0
AMERICAN CAPITAL AGENCY	COM	02503X105	186	8,500	SH		SOLE	3	8,500	0	0
AMERICAN ELEC PWR	COM	025537101	704	11,600	SH		SOLE	3	11,600	0	0
AMERICAN EXPRESS	COM	025816109	130	1,400	SH		OTR	3	1,400	0	0
AMERICAN EXPRESS	COM	025816109	21,036	226,100	SH		SOLE	3	226,100	0	0
AMERICAN HOMES 4	CL A	02665T306	121,871	7,156,228	SH		OTR	3	7,156,228	0	0
AMERICAN HOMES 4	CL A	02665T306	73	4,300	SH		SOLE	3	4,300	0	0
AMERICAN INTL GROUP	COM NEW	026874784	8,508	151,900	SH		OTR	3	151,900	0	0
AMERICAN INTL GROUP	COM NEW	026874784	3,018	53,892	SH		SOLE	3	53,892	0	0
AMERICAN RESIDENTIAL PPTYS	COM	02927E303	18	1,000	SH		SOLE	3	1,000	0	0
AMERICAN RLTY CAP PPTYS	COM	02917T104	476	52,574	SH		SOLE	3	52,574	0	0
AMERICAN TOWER CORP	COM	03027X100	949	9,600	SH		SOLE	3	9,600	0	0
AMERICAN WTR WKS CO INC	COM	030420103	240	4,500	SH		SOLE	3	4,500	0	0
AMERIPRISE FINL	COM	03076C106	331	2,500	SH		OTR	3	2,500	0	0
AMERIPRISE FINL	COM	03076C106	10,059	76,060	SH		SOLE	3	76,060	0	0
AMERISOURCEBERGEN	COM	03073E105	1,740	19,300	SH		SOLE	3	19,300	0	0
AMETEK INC	COM	031100100	321	6,100	SH		SOLE	3	6,100	0	0
AMGEN	COM	031162100	3,450	21,660	SH		OTR	3	21,660	0	0
AMGEN	COM	031162100	8,283	52,000	SH		SOLE	3	52,000	0	0
AMPHENOL CORP	CL A	032095101	414	7,700	SH		SOLE	3	7,700	0	0
ANADARKO PETE	COM	032511107	3,176	38,500	SH		OTR	3	38,500	0	0
ANADARKO PETE	COM	032511107	1,023	12,400	SH		SOLE	3	12,400	0	0
ANALOG DEVICES	COM	032654105	428	7,700	SH		SOLE	3	7,700	0	0
ANNALY CAP MGMT	COM	035710409	248	22,900	SH		SOLE	3	22,900	0	0
ANSYS	COM	03662Q105	172	2,100	SH		SOLE	3	2,100	0	0
ANTHEM	COM	036752103	905	7,200	SH		SOLE	3	7,200	0	0
AON PLC	CL A	G0408V102	3,139	33,100	SH		OTR	3	33,100	0	0
AON PLC	CL A	G0408V102	645	6,800	SH		SOLE	3	6,800	0	0
APACHE	COM	037411105	107	1,700	SH		OTR	3	1,700	0	0
APACHE	COM	037411105	596	9,510	SH		SOLE	3	9,510	0	0
APARTMENT INVT & MGMT	CL A	03748R101	286,838	7,721,085	SH		OTR	3	7,721,085	0	0
APARTMENT INVT & MGMT	CL A	03748R101	185	4,992	SH		SOLE	3	4,992	0	0
APPLE	COM	037833100	33	300	SH		DFND	1,2	300	0	0
APPLE	COM	037833100	3,319	29,502	SH		DFND	4	29,502	0	0
APPLE	COM	037833100	10,354	93,800	SH		OTR	3	93,800	0	0
APPLE	COM	037833100	29,216	264,690	SH		SOLE	3	264,690	0	0
APPLIED MATLS	COM	038222105	6,741	270,520	SH		OTR	3	270,520	0	0
APPLIED MATLS	COM	038222105	974	39,100	SH		SOLE	3	39,100	0	0
ARCH CAP GROUP	ORD	G0450A105	219	3,700	SH		SOLE	3	3,700	0	0
ARCHER DANIELS MIDLAND	COM	039483102	811	15,600	SH		SOLE	3	15,600	0	0
ARMADA HOFFLER PPTYS	COM	04208T108	7	700	SH		SOLE	3	700	0	0
ARROW ELECTRS	COM	042735100	156	2,700	SH		SOLE	3	2,700	0	0
ASHFORD HOSPITALITY PRIME	COM	044102101	11	660	SH		SOLE	3	660	0	0
ASHFORD HOSPITALITY TR INC	SHS	044103109	25	2,400	SH		SOLE	3	2,400	0	0
ASHFORD HOSPITALITY TR INC	9% CUM PFD SER E	044103505	138	5,219	SH		OTR	3	0	0	0
ASHLAND INC	COM	044209104	192	1,600	SH		SOLE	3	1,600	0	0
ASSOCIATED ESTATES RLTY	COM	045604105	42	1,800	SH		SOLE	3	1,800	0	0
ASSURANT	COM	04621X108	109	1,600	SH		SOLE	3	1,600	0	0
AT&T	COM	00206R102	275	8,200	SH		OTR	3	8,200	0	0
AT&T	COM	00206R102	4,128	122,895	SH		SOLE	3	122,895	0	0
AUTODESK	COM	052769106	336	5,600	SH		SOLE	3	5,600	0	0
AUTOLIV	COM	052800109	249	2,350	SH		SOLE	3	2,350	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	967	11,600	SH		SOLE	3	11,600	0	0
AUTONATION	COM	05329W102	103	1,700	SH		SOLE	3	1,700	0	0
AUTOZONE	COM	053332102	8,519	13,760	SH		SOLE	3	13,760	0	0
AVAGO TECHNOLOGIES	SHS	Y0486S104	342	3,400	SH		OTR	3	3,400	0	0
AVAGO TECHNOLOGIES	SHS	Y0486S104	624	6,200	SH		SOLE	3	6,200	0	0
AVALONBAY CMNTYS	COM	053484101	1,204	7,369	SH		SOLE	3	7,369	0	0
AVERY DENNISON	COM	053611109	156	3,000	SH		SOLE	3	3,000	0	0
AVIV REIT INC	COM	05381L101	28	800	SH		SOLE	3	800	0	0
AVNET	COM	053807103	168	3,900	SH		SOLE	3	3,900	0	0
AVON PRODS	COM	054303102	109	11,600	SH		SOLE	3	11,600	0	0
AXIS CAPITAL HOLDINGS	SHS	G0692U109	148	2,900	SH		SOLE	3	2,900	0	0
B/E AEROSPACE	COM	073302101	133	2,300	SH		SOLE	3	2,300	0	0
BAKER HUGHES	COM	057224107	600	10,704	SH		SOLE	3	10,704	0	0
BALL	COM	058498106	239	3,500	SH		SOLE	3	3,500	0	0
BANCO DE CHILE	ADR	059520106	112	1,625	SH		SOLE	3	1,625	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	12	600	SH		SOLE	3	600	0	0
BANK AMER	COM	060505104	6,074	339,500	SH		OTR	3	339,500	0	0
BANK AMER	COM	060505104	5,276	294,914	SH		SOLE	3	294,914	0	0
BANK NEW YORK MELLON	COM	064058100	1,232	30,371	SH		SOLE	3	30,371	0	0
BARD C R	COM	067383109	317	1,900	SH		SOLE	3	1,900	0	0
BAXTER INTL	COM	071813109	967	13,200	SH		SOLE	3	13,200	0	0
BB&T	COM	054937107	696	17,900	SH		SOLE	3	17,900	0	0
BECTON DICKINSON &	COM	075887109	4,421	31,770	SH		OTR	3	31,770	0	0
BECTON DICKINSON &	COM	075887109	654	4,700	SH		SOLE	3	4,700	0	0
BED BATH & BEYOND	COM	075896100	3,435	45,100	SH		SOLE	3	45,100	0	0
BERKLEY W R	COM	084423102	154	3,000	SH		SOLE	3	3,000	0	0
BEST BUY	COM	086516101	273	7,000	SH		SOLE	3	7,000	0	0
BIOGEN IDEC	COM	09062X103	3,113	9,170	SH		OTR	3	9,170	0	0
BIOGEN IDEC	COM	09062X103	1,877	5,530	SH		SOLE	3	5,530	0	0
BIOMARIN PHARMACEUTICAL	COM	09061G101	344	3,800	SH		SOLE	3	3,800	0	0
BIOMED REALTY TRUST	COM	09063H107	190,692	8,852,942	SH		OTR	3	8,852,942	0	0
BIOMED REALTY TRUST	COM	09063H107	129	6,000	SH		SOLE	3	6,000	0	0
BLACKROCK	COM	09247X101	14,613	40,870	SH		OTR	3	40,870	0	0
BLACKROCK	COM	09247X101	5,256	14,700	SH		SOLE	3	14,700	0	0
BLOCK H & R	COM	093671105	236	7,000	SH		SOLE	3	7,000	0	0
BOEING	COM	097023105	2,775	21,350	SH		SOLE	3	21,350	0	0
BORGWARNER	COM	099724106	319	5,800	SH		SOLE	3	5,800	0	0
BOSTON PROPERTIES	COM	101121101	200,179	1,555,512	SH		OTR	3	1,555,512	0	0
BOSTON PROPERTIES	COM	101121101	1,120	8,700	SH		SOLE	3	8,700	0	0
BOSTON SCIENTIFIC	COM	101137107	414	31,247	SH		SOLE	3	31,247	0	0
BRF SA	ADR	10552T107	79	3,400	SH		SOLE	3	3,400	0	0
BRF SA	ADR	10552T107	12,376	530,000	SH		SOLE	3	530,000	0	0
BRISTOL MYERS SQUIBB	COM	110122108	7,637	129,370	SH		OTR	3	129,370	0	0
BRISTOL MYERS SQUIBB	COM	110122108	2,349	39,800	SH		SOLE	3	39,800	0	0
BRISTOW GROUP	COM	110394103	16	100	SH		DFND	5,1,2	100	0	0
BRISTOW GROUP INC	NOTE 3.000% 6/1	110394AC7	7,866	7,500,000	PRN		DFND	5,1,2	7,500,000	0	0
BRIXMOR PPTY GROUP	COM	11120U105	104	4,200	SH		SOLE	3	4,200	0	0
BROADCOM	CL A	111320107	557	12,850	SH		SOLE	3	12,850	0	0
BUFFALO WILD WINGS	COM	119848109	4,510	25,000	SH		SOLE	3	25,000	0	0
BUNGE	COM	G16962105	327	3,600	SH		SOLE	3	3,600	0	0
C H ROBINSON WORLDWIDE	COM NEW	12541W209	4,029	53,800	SH		SOLE	3	53,800	0	0
CA	COM	12673P105	250	8,205	SH		SOLE	3	8,205	0	0
CABOT OIL & GAS	COM	127097103	308	10,400	SH		SOLE	3	10,400	0	0
CALIFORNIA RES	COM	13057Q107	3	600	SH		OTR	3	600	0	0
CALPINE	COM NEW	131347304	181	8,200	SH		SOLE	3	8,200	0	0
CAMERON INTERNATIONAL	COM	13342B105	250	5,000	SH		SOLE	3	5,000	0	0
CAMPBELL SOUP	COM	134429109	220	5,000	SH		SOLE	3	5,000	0	0
CAMPUS CREST CMNTYS	COM	13466Y105	2,825	386,511	SH		OTR	3	386,511	0	0
CAMPUS CREST CMNTYS	COM	13466Y105	15	2,000	SH		SOLE	3	2,000	0	0
CAPITAL ONE FINL	COM	14040H105	1,102	13,354	SH		SOLE	3	13,354	0	0
CARDINAL HEALTH	COM	14149Y108	137	1,700	SH		OTR	3	1,700	0	0
CARDINAL HEALTH	COM	14149Y108	670	8,300	SH		SOLE	3	8,300	0	0
CAREFUSION	COM	14170T101	317	5,350	SH		SOLE	3	5,350	0	0
CARETRUST REIT	COM	14174T107	12	1,006	SH		SOLE	3	1,006	0	0
CARMAX	COM	143130102	2,823	42,400	SH		OTR	3	42,400	0	0
CARMAX	COM	143130102	360	5,400	SH		SOLE	3	5,400	0	0
CATERPILLAR INC	COM	149123101	4,576	50,000	SH		DFND	5,1,2	50,000	0	0
CATERPILLAR INC	COM	149123101	958	500	SH		DFND	5,1,2	500	0	0
CATERPILLAR INC	COM	149123101	1,291	14,100	SH		SOLE	3	14,100	0	0
CBL & ASSOC PPTYS	COM	124830100	100	5,145	SH		SOLE	3	5,145	0	0
CBRE GROUP	CL A	12504L109	5,788	168,980	SH		OTR	3	168,980	0	0
CBRE GROUP	CL A	12504L109	271	7,900	SH		SOLE	3	7,900	0	0
CEDAR REALTY TRUST	COM NEW	150602209	15	2,100	SH		SOLE	3	2,100	0	0
CELGENE	COM	151020104	3,961	35,410	SH		OTR	3	35,410	0	0
CELGENE	COM	151020104	4,944	44,200	SH		SOLE	3	44,200	0	0
CENCOSUD S A	SPONSORED ADS	15132H101	15	2,000	SH		SOLE	3	2,000	0	0
CENTERPOINT ENERGY	COM	15189T107	234	10,000	SH		SOLE	3	10,000	0	0
CENTURYLINK	COM	156700106	556	14,042	SH		SOLE	3	14,042	0	0
CERNER	COM	156782104	498	7,700	SH		SOLE	3	7,700	0	0
CF INDS HLDGS	COM	125269100	341	1,250	SH		SOLE	3	1,250	0	0
CHAMBERS STR	COM	157842105	58	7,200	SH		SOLE	3	7,200	0	0
CHATHAM LODGING	COM	16208T102	29	1,000	SH		SOLE	3	1,000	0	0
CHENIERE ENERGY	COM NEW	16411R208	387	5,500	SH		SOLE	3	5,500	0	0
CHESAPEAKE ENERGY	COM	165167107	1,464	74,800	SH		OTR	3	74,800	0	0
CHESAPEAKE ENERGY	COM	165167107	256	13,100	SH		SOLE	3	13,100	0	0
CHEVRON CORP	COM	166764100	236	2,100	SH		OTR	3	2,100	0	0
CHEVRON CORP	COM	166764100	5,061	45,118	SH		SOLE	3	45,118	0	0
CHICAGO BRIDGE & IRON CO N	COM	167250109	97	2,300	SH		SOLE	3	2,300	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	527	770	SH		SOLE	3	770	0	0
CHUBB	COM	171232101	590	5,700	SH		SOLE	3	5,700	0	0
CHURCH & DWIGHT	COM	171340102	260	3,300	SH		SOLE	3	3,300	0	0
CIGNA	COM	125509109	659	6,400	SH		SOLE	3	6,400	0	0
CIMAREX ENERGY	COM	171798101	244	2,300	SH		SOLE	3	2,300	0	0
CINCINNATI FINL	COM	172062101	198	3,815	SH		SOLE	3	3,815	0	0
CINTAS	COM	172908105	447	5,700	SH		SOLE	3	5,700	0	0
CISCO SYS	COM	17275R102	5,576	200,480	SH		OTR	3	200,480	0	0
CISCO SYS	COM	17275R102	4,776	171,700	SH		SOLE	3	171,700	0	0
CIT GROUP	COM NEW	125581801	230	4,800	SH		SOLE	3	4,800	0	0
CITIGROUP	COM NEW	172967424	9,085	167,900	SH		OTR	3	167,900	0	0
CITIGROUP	COM NEW	172967424	3,923	72,503	SH		SOLE	3	72,503	0	0
CITRIX SYS	COM	177376100	255	4,000	SH		SOLE	3	4,000	0	0
CLEAN ENERGY FUELS	COM	184499101	1,198	240,000	SH		DFND	5,1,2	240,000	0	0
CLEAN ENERGY FUELS	COM	184499101	306	1,700	SH		DFND	5,1,2	1,700	0	0
CLEAN ENERGY FUELS	COM	184499101	385	1,000	SH		DFND	5,1,2	1,000	0	0
CLEAN ENERGY FUELS	COM	184499101	450	1,500	SH		DFND	5,1,2	1,500	0	0
CLEAN ENERGY FUELS	COM	184499101	145	2,000	SH		DFND	5,1,2	2,000	0	0
CLOROX CO	COM	189054109	323	3,100	SH		SOLE	3	3,100	0	0
CME GROUP	COM	12572Q105	691	7,800	SH		SOLE	3	7,800	0	0
CMS ENERGY	COM	125896100	250	7,200	SH		OTR	3	7,200	0	0
CMS ENERGY	COM	125896100	209	6,000	SH		SOLE	3	6,000	0	0
COACH	COM	189754104	272	7,200	SH		DFND	4	7,200	0	0
COACH	COM	189754104	259	6,900	SH		SOLE	3	6,900	0	0
COBALT INTL ENERGY	COM	19075F106	70	7,900	SH		SOLE	3	7,900	0	0
COCA COLA	COM	191216100	3,121	73,000	SH		DFND	4	73,000	0	0
COCA COLA	COM	191216100	6,505	154,070	SH		OTR	3	154,070	0	0
COCA COLA	COM	191216100	4,002	94,800	SH		SOLE	3	94,800	0	0
COCA COLA ENTERPRISES INC	COM	19122T109	243	5,500	SH		SOLE	3	5,500	0	0
COGNIZANT TECHNOLOGY	CL A	192446102	764	14,500	SH		SOLE	3	14,500	0	0
COLGATE PALMOLIVE	COM	194162103	1,529	22,100	SH		SOLE	3	22,100	0	0
COLUMBIA PPTY TR	COM NEW	198287203	99	3,900	SH		SOLE	3	3,900	0	0
COMCAST CORP	CL A	20030N101	2,968	51,170	SH		SOLE	3	51,170	0	0
COMERICA	COM	200340107	201	4,300	SH		SOLE	3	4,300	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	22	600	SH		SOLE	3	600	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	4,732	128,478	SH		SOLE	3	128,478	0	0
COMPANHIA DE SANEAMENTO BASI	ADR	20441A102	315	50,000	SH		SOLE	3	50,000	0	0
COMPANIA CERVECERIAS UNIDAS	ADR	204429104	24	1,300	SH		SOLE	3	1,300	0	0
COMPANIA DE MINAS BUENAVENTU	ADR	204448104	9	900	SH		SOLE	3	900	0	0
COMPUTER SCIENCES	COM	205363104	227	3,600	SH		SOLE	3	3,600	0	0
CONAGRA FOODS	COM	205887102	385	10,600	SH		SOLE	3	10,600	0	0
CONCHO RES	COM	20605P101	259	2,600	SH		SOLE	3	2,600	0	0
CONOCOPHILLIPS	COM	20825C104	2,379	34,450	SH		SOLE	3	34,450	0	0
CONSOL ENERGY	COM	20854P109	196	5,800	SH		SOLE	3	5,800	0	0
CONSOLIDATED EDISON	COM	209115104	488	7,400	SH		SOLE	3	7,400	0	0
CONSTELLATION BRANDS	CL A	21036P108	402	4,100	SH		SOLE	3	4,100	0	0
CONTINENTAL RESOURCES	COM	212015101	81	2,100	SH		SOLE	3	2,100	0	0
CORE LABORATORIES N	COM	N22717107	120	1,000	SH		SOLE	3	1,000	0	0
CORESITE RLTY	COM	21870Q105	27	700	SH		SOLE	3	700	0	0
CORNING	COM	219350105	695	30,300	SH		SOLE	3	30,300	0	0
CORRECTIONS CORP AMER	COM NEW	22025Y407	128	3,535	SH		SOLE	3	3,535	0	0
COSAN	SHS A	G25343107	93	12,000	SH		SOLE	3	12,000	0	0
COSTCO WHSL CORP	COM	22160K105	1,467	10,350	SH		SOLE	3	10,350	0	0
COUSINS PPTYS	COM	222795106	75,834	6,640,452	SH		OTR	3	6,640,452	0	0
COUSINS PPTYS	COM	222795106	74	6,463	SH		SOLE	3	6,463	0	0
COVANTA HLDG	COM	22282E102	172	7,800	SH		SOLE	3	7,800	0	0
COVIDIEN	SHS	G2554F113	174	1,700	SH		OTR	3	1,700	0	0
COVIDIEN	SHS	G2554F113	1,117	10,925	SH		SOLE	3	10,925	0	0
CPFL ENERGIA S A	ADR	126153105	91	6,700	SH		SOLE	3	6,700	0	0
CREDICORP	COM	G2519Y108	64	400	SH		SOLE	3	400	0	0
CREE	COM	225447101	316	9,800	SH		SOLE	3	9,800	0	0
CROWN HOLDINGS	COM	228368106	173	3,400	SH		SOLE	3	3,400	0	0
CSX	COM	126408103	250	6,900	SH		OTR	3	6,900	0	0
CSX	COM	126408103	19,883	548,800	SH		SOLE	3	548,800	0	0
CUBESMART	COM	229663109	167,742	7,600,469	SH		OTR	3	7,600,469	0	0
CUBESMART	COM	229663109	110	5,000	SH		SOLE	3	5,000	0	0
CUMMINS	COM	231021106	606	4,200	SH		SOLE	3	4,200	0	0
CVS HEALTH	COM	126650100	335	3,475	SH		OTR	3	3,475	0	0
CVS HEALTH	COM	126650100	5,295	54,974	SH		SOLE	3	54,974	0	0
CYRUSONE	COM	23283R100	16,279	590,888	SH		OTR	3	590,888	0	0
CYRUSONE	COM	23283R100	28	1,000	SH		SOLE	3	1,000	0	0
D R HORTON	COM	23331A109	181	7,166	SH		SOLE	3	7,166	0	0
DANAHER CORP	COM	235851102	237	2,750	SH		DFND	4	2,750	0	0
DANAHER CORP	COM	235851102	1,474	17,200	SH		SOLE	3	17,200	0	0
DARDEN RESTAURANTS	COM	237194105	182	3,100	SH		SOLE	3	3,100	0	0
DAVITA HEALTHCARE PARTNERS	COM	23918K108	318	4,200	SH		SOLE	3	4,200	0	0
DCT INDUSTRIAL TRUST	COM NEW	233153204	94	2,650	SH		SOLE	3	2,650	0	0
DDR	COM	23317H102	271,001	14,760,425	SH		OTR	3	14,760,425	0	0
DDR	COM	23317H102	190	10,358	SH		SOLE	3	10,358	0	0
DEERE &	COM	244199105	708	8,000	SH		SOLE	3	8,000	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	1,851	25,460	SH		OTR	3	25,460	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	545	7,500	SH		SOLE	3	7,500	0	0
DELTA AIR LINES INC	COM NEW	247361702	467	9,500	SH		SOLE	3	9,500	0	0
DENBURY RES	COM NEW	247916208	83	10,200	SH		SOLE	3	10,200	0	0
DENTSPLY INTL INC	COM	249030107	176	3,300	SH		SOLE	3	3,300	0	0
DEVON ENERGY CORP	COM	25179M103	147	2,400	SH		OTR	3	2,400	0	0
DEVON ENERGY CORP	COM	25179M103	581	9,500	SH		SOLE	3	9,500	0	0
DIAMOND OFFSHORE DRILLING	COM	25271C102	73	2,000	SH		SOLE	3	2,000	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	219,886	14,787,245	SH		OTR	3	14,787,245	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	87	5,842	SH		SOLE	3	5,842	0	0
DICKS SPORTING GOODS	COM	253393102	114	2,300	SH		SOLE	3	2,300	0	0
DIGITAL RLTY TR	COM	253868103	524	7,900	SH		SOLE	3	7,900	0	0
DIRECTTV	COM	25490A309	965	11,133	SH		SOLE	3	11,133	0	0
DISCOVER FINL	COM	254709108	157	2,400	SH		OTR	3	2,400	0	0
DISCOVER FINL	COM	254709108	7,407	113,100	SH		SOLE	3	113,100	0	0
DISH NETWORK	CL A	25470M109	408	5,600	SH		SOLE	3	5,600	0	0
DOLLAR GEN CORP	COM	256677105	502	7,100	SH		SOLE	3	7,100	0	0
DOLLAR TREE	COM	256746108	3,174	45,100	SH		SOLE	3	45,100	0	0
DOMINION RES INC VA	COM	25746U109	1,069	13,900	SH		SOLE	3	13,900	0	0
DOUGLAS EMMETT	COM	25960P109	123,690	4,355,294	SH		OTR	3	4,355,294	0	0
DOUGLAS EMMETT	COM	25960P109	119	4,200	SH		SOLE	3	4,200	0	0
DOVER	COM	260003108	301	4,200	SH		SOLE	3	4,200	0	0
DOW CHEM	COM	260543103	1,295	28,400	SH		SOLE	3	28,400	0	0
DR PEPPER SNAPPLE GROUP	COM	26138E109	360	5,024	SH		SOLE	3	5,024	0	0
DTE ENERGY	COM	233331107	380	4,400	SH		SOLE	3	4,400	0	0
DU PONT E I DE NEMOURS &	COM	263534109	1,730	23,400	SH		SOLE	3	23,400	0	0
DUKE ENERGY CORP	COM NEW	26441C204	1,392	16,666	SH		SOLE	3	16,666	0	0
DUKE REALTY	COM NEW	264411505	398	19,700	SH		SOLE	3	19,700	0	0
DUN & BRADSTREET CORP DEL	COM	26483E100	121	1,000	SH		SOLE	3	1,000	0	0
DUPONT FABROS TECHNOLOGY	COM	26613Q106	66	2,000	SH		SOLE	3	2,000	0	0
Discovery Communications New Com	Com Ser C	25470F302	250	7,420	SH		SOLE	3	7,420	0	0
E M C CORP	COM	268648102	1,436	48,300	SH		SOLE	3	48,300	0	0
EASTGROUP PPTY	COM	277276101	63	1,000	SH		SOLE	3	1,000	0	0
EASTMAN CHEM	COM	277432100	531	7,000	SH		SOLE	3	7,000	0	0
EATON CORP	SHS	G29183103	1,036	15,248	SH		SOLE	3	15,248	0	0
EBAY	COM	278642103	1,504	26,800	SH		SOLE	3	26,800	0	0
ECOLAB	COM	278865100	658	6,300	SH		SOLE	3	6,300	0	0
EDISON	COM	281020107	3,736	57,060	SH		OTR	3	57,060	0	0
EDISON	COM	281020107	471	7,200	SH		SOLE	3	7,200	0	0
EDUCATION RLTY TR	COM NEW	28140H203	108,134	2,955,276	SH		OTR	3	2,955,276	0	0
EDUCATION RLTY TR	COM NEW	28140H203	56	1,533	SH		SOLE	3	1,533	0	0
EDWARDS LIFESCIENCES	COM	28176E108	318	2,500	SH		SOLE	3	2,500	0	0
ELECTRONIC ARTS	COM	285512109	2,515	53,500	SH		SOLE	3	53,500	0	0
ELECTRONIC ARTS INC	NOTE 0.750% 7/1	285512AA7	15,070	10,000,000	PRN		DFND	5,1,2	10,000,000	0	0
EMBRAER S A SP ADR REP	COM	29082A107	29	800	SH		SOLE	3	800	0	0
EMBRAER S A SP ADR REP	COM	29082A107	4,195	113,800	SH		SOLE	3	113,800	0	0
EMERSON ELEC	COM	291011104	1,099	17,800	SH		SOLE	3	17,800	0	0
EMPIRE ST RLTY TR	CL A	292104106	55,159	3,137,582	SH		OTR	3	3,137,582	0	0
EMPIRE ST RLTY TR	CL A	292104106	53	3,000	SH		SOLE	3	3,000	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	22	500	SH		SOLE	3	500	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	125	2,800	SH		SOLE	3	2,800	0	0
ENDO INTL	SHS	G30401106	260	3,600	SH		SOLE	3	3,600	0	0
ENERGEN	COM	29265N108	134	2,100	SH		SOLE	3	2,100	0	0
ENERGIZER HLDGS	COM	29266R108	193	1,500	SH		SOLE	3	1,500	0	0
ENERGY XXI LTD USD	SHS	G10082140	97	30,000	SH		DFND	5,1,2	30,000	0	0
ENERGY XXI LTD USD	SHS	G10082140	86	2,535	SH		DFND	5,1,2	2,535	0	0
ENERNOC	COM	292764107	97	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	33,321	21,500,000	PRN		DFND	5,1,2	21,500,000	0	0
ENSCO PLC	CLASS A	G3157S106	177	5,900	SH		SOLE	3	5,900	0	0
ENTERGY CORP	COM	29364G103	385	4,400	SH		SOLE	3	4,400	0	0
EOG RES	COM	26875P101	1,206	13,100	SH		SOLE	3	13,100	0	0
EPR PPTYS CONV	PFD 9% SR E	26884U307	1,781	56,548	SH		OTR	3	0	0	0
EQT	COM	26884L109	288	3,800	SH		SOLE	3	3,800	0	0
EQUIFAX	COM	294429105	4,680	57,870	SH		OTR	3	57,870	0	0
EQUIFAX	COM	294429105	226	2,800	SH		SOLE	3	2,800	0	0
EQUINIX	COM NEW	29444U502	279	1,230	SH		SOLE	3	1,230	0	0
EQUITY	COM	294752100	61	2,400	SH		SOLE	3	2,400	0	0
EQUITY COMWLTH	CUM PFD S D 6.5%	294628201	369	15,375	SH		OTR	3	0	0	0
EQUITY COMWLTH	CUM PFD E 7.25%	294628409	3,931	154,150	SH		OTR	3	0	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	129	2,500	SH		SOLE	3	2,500	0	0
ESSEX PPTY TR	COM	297178105	292,368	1,415,141	SH		OTR	3	1,415,141	0	0
ESSEX PPTY TR	COM	297178105	722	3,493	SH		SOLE	3	3,493	0	0
EVEREST RE GROUP	COM	G3223R108	204	1,200	SH		SOLE	3	1,200	0	0
EXCEL TR	COM	30068C109	24	1,800	SH		SOLE	3	1,800	0	0
EXELON	COM	30161N101	761	20,526	SH		SOLE	3	20,526	0	0
EXPEDIA INC	COM NEW	30212P303	7,049	82,575	SH		SOLE	3	82,575	0	0
EXPEDITORS INTL WASH	COM	302130109	210	4,700	SH		SOLE	3	4,700	0	0
EXPRESS SCRIPTS HLDG	COM	30219G108	1,519	17,945	SH		SOLE	3	17,945	0	0
EXTRA SPACE STORAGE	COM	30225T102	281,787	4,805,369	SH		OTR	3	4,805,369	0	0
EXTRA SPACE STORAGE	COM	30225T102	217	3,700	SH		SOLE	3	3,700	0	0
EXXON MOBIL	COM	30231G102	539	5,834	SH		OTR	3	5,834	0	0
EXXON MOBIL	COM	30231G102	9,382	101,481	SH		SOLE	3	101,481	0	0
F M C	COM NEW	302491303	194	3,400	SH		SOLE	3	3,400	0	0
F5 NETWORKS	COM	315616102	5,323	40,800	SH		SOLE	3	40,800	0	0
FACEBOOK	CL A	30303M102	1,322	16,698	SH		DFND	4	16,698	0	0
FACEBOOK	CL A	30303M102	3,690	47,300	SH		SOLE	3	47,300	0	0
FAMILY DLR STORES	COM	307000109	1,347	17,000	SH		OTR	3	17,000	0	0
FAMILY DLR STORES	COM	307000109	198	2,500	SH		SOLE	3	2,500	0	0
FASTENAL	COM	311900104	333	7,000	SH		SOLE	3	7,000	0	0
FEDEX	COM	31428X106	1,164	6,700	SH		OTR	3	6,700	0	0
FEDEX	COM	31428X106	8,666	49,900	SH		SOLE	3	49,900	0	0
FELCOR LODGING TR	COM	31430F101	38	3,500	SH		SOLE	3	3,500	0	0
FIAT CHRYSLER AUTOMOBILES	SHS	N31738102	217	2,005	SH		DFND	5,1,2	2,005	0	0
FIAT CHRYSLER AUTOMOBILES	SHS	N31738102	128	800	SH		DFND	5,1,2	800	0	0
FIAT CHRYSLER AUTOMOBILES	SHS	N31738102	56	654	SH		DFND	5,1,2	654	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	13	1,100	SH		SOLE	3	1,100	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	2,521	207,800	SH		SOLE	3	207,800	0	0
FIDELITY NATIONAL FINANCIAL FNF	COM	31620R303	208	6,038	SH		SOLE	3	6,038	0	0
FIDELITY NATL INFORMATION	COM	31620M106	6,160	99,029	SH		SOLE	3	99,029	0	0
FIFTH THIRD	COM	316773100	420	20,600	SH		SOLE	3	20,600	0	0
FIREEYE	COM	31816Q101	754	23,278	SH		DFND	4	23,278	0	0
FIREEYE	COM	31816Q101	38	1,200	SH		SOLE	3	1,200	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	114,150	5,552,066	SH		OTR	3	5,552,066	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	70	3,400	SH		SOLE	3	3,400	0	0
FIRST POTOMAC RLTY	COM	33610F109	22	1,800	SH		SOLE	3	1,800	0	0
FIRST REP BK SAN FRANCISCO	COM	33616C100	156	3,000	SH		SOLE	3	3,000	0	0
FIRST SOLAR	COM	336433107	192	4,300	SH		SOLE	3	4,300	0	0
FIRST TR ISE REVERE NAT	COM	33734J102	201	18,000	SH		DFND	1,2	18,000	0	0
FIRSTENERGY	COM	337932107	399	10,235	SH		SOLE	3	10,235	0	0
FISERV	COM	337738108	440	6,200	SH		SOLE	3	6,200	0	0
FLEETCOR TECHNOLOGIES	COM	339041105	268	1,800	SH		SOLE	3	1,800	0	0
FLEXTRONICS INTL	ORD	Y2573F102	160	14,300	SH		SOLE	3	14,300	0	0
FLIR SYS	COM	302445101	103	3,200	SH		SOLE	3	3,200	0	0
FLOWSERVE	COM	34354P105	209	3,500	SH		SOLE	3	3,500	0	0
FLUOR CORP	COM	343412102	243	4,000	SH		SOLE	3	4,000	0	0
FMC TECHNOLOGIES	COM	30249U101	276	5,900	SH		SOLE	3	5,900	0	0
FOOT LOCKER	COM	344849104	1,573	28,000	SH		SOLE	3	28,000	0	0
FORTINET	COM	34959E109	1,380	45,000	SH		SOLE	3	45,000	0	0
FOSSIL GROUP	COM	34988V106	166	1,500	SH		SOLE	3	1,500	0	0
FRANKLIN RES	COM	354613101	6,844	123,600	SH		OTR	3	123,600	0	0
FRANKLIN RES	COM	354613101	520	9,400	SH		SOLE	3	9,400	0	0
FRANKLIN STREET PPTYS	COM	35471R106	33	2,700	SH		SOLE	3	2,700	0	0
FRONTIER COMMUNICATIONS	COM	35906A108	161	24,063	SH		SOLE	3	24,063	0	0
GAMESTOP CORP	CL A	36467W109	108	3,200	SH		SOLE	3	3,200	0	0
GAMING & LEISURE PPTYS	COM	36467J108	79	2,700	SH		SOLE	3	2,700	0	0
GAP INC	COM	364760108	257	6,100	SH		SOLE	3	6,100	0	0
GARMIN	SHS	H2906T109	148	2,800	SH		SOLE	3	2,800	0	0
GENERAL DYNAMICS	COM	369550108	69	500	SH		OTR	3	500	0	0
GENERAL DYNAMICS	COM	369550108	6,468	47,000	SH		SOLE	3	47,000	0	0
GENERAL ELECTRIC	COM	369604103	288	11,400	SH		OTR	3	11,400	0	0
GENERAL ELECTRIC	COM	369604103	7,093	280,700	SH		SOLE	3	280,700	0	0
GENERAL GROWTH PPTYS INC	COM	370023103	956	33,978	SH		SOLE	3	33,978	0	0
GENERAL MLS	COM	370334104	75	1,400	SH		OTR	3	1,400	0	0
GENERAL MLS	COM	370334104	768	14,400	SH		SOLE	3	14,400	0	0
GENERAL MTRS	COM	37045V100	9,132	261,600	SH		OTR	3	261,600	0	0
GENERAL MTRS	COM	37045V100	1,082	31,000	SH		SOLE	3	31,000	0	0
GENUINE PARTS	COM	372460105	405	3,800	SH		SOLE	3	3,800	0	0
GENWORTH FINL INC	CL A	37247D106	97	11,400	SH		SOLE	3	11,400	0	0
GEO GROUP INC	COM	36162J106	93	2,300	SH		SOLE	3	2,300	0	0
GETTY RLTY CORP	COM	374297109	15	800	SH		SOLE	3	800	0	0
GILEAD SCIENCES	COM	375558103	4,914	51,580	SH		DFND	4	51,580	0	0
GILEAD SCIENCES	COM	375558103	170	1,800	SH		OTR	3	1,800	0	0
GILEAD SCIENCES	COM	375558103	3,403	36,100	SH		SOLE	3	36,100	0	0
GLADSTONE COML	COM	376536108	9	500	SH		SOLE	3	500	0	0
GOLDMAN SACHS GROUP	COM	38141G104	3,327	17,000	SH		DFND	4	17,000	0	0
GOLDMAN SACHS GROUP	COM	38141G104	3,373	17,400	SH		SOLE	3	17,400	0	0
GOOGLE	CL A	38259P508	583	1,100	SH		DFND	4	1,100	0	0
GOOGLE	CL A	38259P508	3,608	6,800	SH		SOLE	3	6,800	0	0
GOPRO	CL A	38268T103	379	6,000	SH		DFND	1,2	6,000	0	0
GRAINGER W W	COM	384802104	382	1,500	SH		SOLE	3	1,500	0	0
GRAMERCY PPTY TR	COM	38489R100	32	4,700	SH		SOLE	3	4,700	0	0
GRUPO AEROPORTUARIO CTR NORT	ADR	400501102	87	2,400	SH		SOLE	3	2,400	0	0
GRUPO TELEVISA SA SPON ADR	ORD	40049J206	194	5,700	SH		SOLE	3	5,700	0	0
HALLIBURTON	COM	406216101	802	20,400	SH		SOLE	3	20,400	0	0
HANESBRANDS	COM	410345102	145	1,300	SH		OTR	3	1,300	0	0
HANESBRANDS	COM	410345102	234	2,100	SH		SOLE	3	2,100	0	0
HARLEY DAVIDSON	COM	412822108	3,978	60,349	SH		OTR	3	60,349	0	0
HARLEY DAVIDSON	COM	412822108	343	5,200	SH		SOLE	3	5,200	0	0
HARRIS CORP	COM	413875105	187	2,600	SH		SOLE	3	2,600	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	279	6,700	SH		OTR	3	6,700	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	450	10,800	SH		SOLE	3	10,800	0	0
HASBRO	COM	418056107	159	2,900	SH		SOLE	3	2,900	0	0
HAWAIIAN HOLDINGS	COM	419879101	453	17,400	SH		DFND	5,1,2	17,400	0	0
HAWAIIAN HOLDINGS	COM	419879101	1,172	45,000	SH		SOLE	3	45,000	0	0
HCA HOLDINGS	COM	40412C101	2,709	36,910	SH		OTR	3	36,910	0	0
HCA HOLDINGS	COM	40412C101	558	7,600	SH		SOLE	3	7,600	0	0
HCP	COM	40414L109	1,154	26,200	SH		SOLE	3	26,200	0	0
HEALTH CARE REIT	COM	42217K106	519,662	6,867,471	SH		OTR	3	6,867,471	0	0
HEALTH CARE REIT	COM	42217K106	1,377	18,200	SH		SOLE	3	18,200	0	0
HEALTH CARE REIT INC	NOTE 3.000%12/0	42217KAR7	4,981	3,300,000	PRN		DFND	5,1,2	3,300,000	0	0
HEALTH NET	COM	42222G108	4,775	89,200	SH		OTR	3	89,200	0	0
HEALTHCARE RLTY	COM	421946104	82	3,000	SH		SOLE	3	3,000	0	0
HEALTHWAYS INC	NOTE 1.500% 7/0	422245AB6	9,969	8,500,000	PRN		DFND	5,1,2	8,500,000	0	0
HELMERICH & PAYNE	COM	423452101	196	2,900	SH		SOLE	3	2,900	0	0
HERBALIFE LTD COM	SHS	G4412G101	6,126	162,500	SH		DFND	5,1,2	162,500	0	0
HERBALIFE LTD COM	SHS	G4412G101	90	2,400	SH		SOLE	3	2,400	0	0
HERSHEY	COM	427866108	405	3,900	SH		SOLE	3	3,900	0	0
HERTZ GLOBAL HOLDINGS	COM	42805T105	277	11,100	SH		SOLE	3	11,100	0	0
HESS	COM	42809H107	487	6,600	SH		SOLE	3	6,600	0	0
HEWLETT PACKARD	COM	428236103	365	9,100	SH		OTR	3	9,100	0	0
HEWLETT PACKARD	COM	428236103	3,146	78,400	SH		SOLE	3	78,400	0	0
HEXCEL CORP	COM	428291108	207	5,000	SH		SOLE	3	5,000	0	0
HIGHWOODS PPTYS	COM	431284108	124	2,800	SH		SOLE	3	2,800	0	0
HILTON WORLDWIDE HLDGS	COM	43300A104	4,940	189,350	SH		OTR	3	189,350	0	0
HILTON WORLDWIDE HLDGS	COM	43300A104	7,096	272,000	SH		SOLE	3	272,000	0	0
HOLLYFRONTIER	COM	436106108	180	4,800	SH		SOLE	3	4,800	0	0
HOLOGIC	COM	436440101	144	5,400	SH		SOLE	3	5,400	0	0
HOLOGIC INC	FRNT 2.000%12/1	436440AB7	3,128	2,500,000	PRN		DFND	5,1,2	2,500,000	0	0
HOME DEPOT	COM	437076102	73	700	SH		OTR	3	700	0	0
HOME DEPOT	COM	437076102	23,965	228,300	SH		SOLE	3	228,300	0	0
HOME PROPERTIES	COM	437306103	253,815	3,869,126	SH		OTR	3	3,869,126	0	0
HOME PROPERTIES	COM	437306103	118	1,800	SH		SOLE	3	1,800	0	0
HONEYWELL INTL	COM	438516106	2,438	24,400	SH		SOLE	3	24,400	0	0
HORMEL FOODS	COM	440452100	167	3,200	SH		SOLE	3	3,200	0	0
HOSPIRA	COM	441060100	240	3,920	SH		SOLE	3	3,920	0	0
HOST HOTELS & RESORTS	COM	44107P104	321,717	13,534,571	SH		OTR	3	13,534,571	0	0
HOST HOTELS & RESORTS	COM	44107P104	1,046	44,008	SH		SOLE	3	44,008	0	0
HUDSON CITY	COM	443683107	161	15,900	SH		SOLE	3	15,900	0	0
HUDSON PAC PPTYS	COM	444097109	51	1,700	SH		SOLE	3	1,700	0	0
HUMANA	COM	444859102	546	3,800	SH		SOLE	3	3,800	0	0
HUNT J B TRANS SVCS	COM	445658107	194	2,300	SH		SOLE	3	2,300	0	0
HUNTINGTON BANCSHARES	COM	446150104	219	20,800	SH		OTR	3	20,800	0	0
HYATT HOTELS CORP	CL A	448579102	2,107	35,000	SH		SOLE	3	35,000	0	0
ICICI BK	ADR	45104G104	2,460	213,000	SH		OTR	3	213,000	0	0
ICICI BK	ADR	45104G104	58	5,000	SH		SOLE	3	5,000	0	0
ICICI BK	ADR	45104G104	5,278	457,000	SH		SOLE	3	457,000	0	0
IHS	CL A	451734107	171	1,500	SH		SOLE	3	1,500	0	0
ILLINOIS TOOL WKS	COM	452308109	862	9,100	SH		SOLE	3	9,100	0	0
ILLUMINA	COM	452327109	591	3,200	SH		SOLE	3	3,200	0	0
INCYTE	COM	45337C102	241	3,300	SH		SOLE	3	3,300	0	0
INDEPENDENCE RLTY TR	COM	45378A106	6	600	SH		SOLE	3	600	0	0
INFOSYS LTD	ADR	456788108	94	3,000	SH		SOLE	3	3,000	0	0
INFOSYS LTD	ADR	456788108	2,142	68,100	SH		SOLE	3	68,100	0	0
INGERSOLL-RAND	SHS	G47791101	402	6,344	SH		SOLE	3	6,344	0	0
INLAND REAL ESTATE	COM NEW	457461200	30	2,700	SH		SOLE	3	2,700	0	0
INLAND REAL ESTATE CORP REDM	PFD SER B ADDED	457461507	9,637	373,375	SH		OTR	3	0	0	0
INTEGRYS ENERGY GROUP	COM	45822P105	140	1,800	SH		SOLE	3	1,800	0	0
INTEL	COM	458140100	8,636	237,980	SH		OTR	3	237,980	0	0
INTEL	COM	458140100	4,685	129,100	SH		SOLE	3	129,100	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	15	69	SH		DFND	1,2	69	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	604	2,755	SH		SOLE	3	2,755	0	0
INTERNATIONAL	COM	459506101	5,750	35,930	SH		DFND	4	35,930	0	0
INTERNATIONAL	COM	459506101	182	1,800	SH		SOLE	3	1,800	0	0
INTERNATIONAL BUSINESS	COM	459200101	3,714	23,150	SH		SOLE	3	23,150	0	0
INTERPUBLIC GROUP COS	COM	460690100	5,373	258,700	SH		OTR	3	258,700	0	0
INTERPUBLIC GROUP COS	COM	460690100	214	10,300	SH		SOLE	3	10,300	0	0
INTL PAPER	COM	460146103	541	10,100	SH		SOLE	3	10,100	0	0
INTUIT	COM	461202103	5,126	55,600	SH		SOLE	3	55,600	0	0
INTUITIVE SURGICAL	COM NEW	46120E602	476	900	SH		SOLE	3	900	0	0
INVESCO	SHS	G491BT108	9,408	238,050	SH		SOLE	3	238,050	0	0
IROBOT	COM	462726100	2,530	73,337	SH		DFND	4	73,337	0	0
IRON MTN	COM	462846106	380	9,828	SH		SOLE	3	9,828	0	0
ISHARES MSCI HONG KG	ETF	464286871	2,771	135,000	SH		DFND	4	135,000	0	0
ISHARES MSCI MES CAP	ETF	464286822	1,245	21,000	SH		DFND	4	21,000	0	0
ISHARES TR	MSCI UAE ETF	46434V761	125	6,500	SH		SOLE	3	6,500	0	0
ISHARES TR	MSCI QATAR ETF	46434V779	187	7,800	SH		SOLE	3	7,800	0	0
ISHARES TR MSCI PHILIPS	ETF	46429B408	1,485	39,000	SH		DFND	4	39,000	0	0
ISHARES TR MSCI RUSSIA	CAP	46429B705	650	53,310	SH		DFND	4	53,310	0	0
ITC HLDGS	COM	465685105	186	4,600	SH		SOLE	3	4,600	0	0
ITRON	COM	465741106	1,865	44,100	SH		OTR	3	44,100	0	0
JACOBS ENGR GROUP INC	COM	469814107	143	3,200	SH		SOLE	3	3,200	0	0
JAKKS PAC	COM	47012E106	30	1,521	SH		DFND	5,1,2	1,521	0	0
JAKKS PAC	COM	47012E106	62	443	SH		DFND	5,1,2	443	0	0
JARDEN CORP	NOTE 1.875% 9/1	471109AH1	13,337	8,500,000	PRN		DFND	5,1,2	8,500,000	0	0
JD COM INC SPON	CL A	47215P106	293	12,639	SH		DFND	4	12,639	0	0
JETBLUE AIRWAYS	COM	477143101	174	11,000	SH		SOLE	3	11,000	0	0
JOHNSON &	COM	478160104	146	1,400	SH		OTR	3	1,400	0	0
JOHNSON &	COM	478160104	7,038	67,300	SH		SOLE	3	67,300	0	0
JOHNSON CTLS	COM	478366107	778	16,100	SH		SOLE	3	16,100	0	0
JOY GLOBAL	COM	481165108	144	3,100	SH		SOLE	3	3,100	0	0
JPMORGAN CHASE &	COM	46625H100	3,667	58,600	SH		OTR	3	58,600	0	0
JPMORGAN CHASE &	COM	46625H100	5,608	89,620	SH		SOLE	3	89,620	0	0
JUNIPER NETWORKS	COM	48203R104	232	10,400	SH		SOLE	3	10,400	0	0
KANSAS CITY	COM NEW	485170302	329	2,700	SH		SOLE	3	2,700	0	0
KATE SPADE &	COM	485865109	1,270	39,745	SH		DFND	4	39,745	0	0
KELLOGG	COM	487836108	425	6,500	SH		SOLE	3	6,500	0	0
KEURIG GREEN MTN	COM	49271M100	410	3,100	SH		SOLE	3	3,100	0	0
KEYCORP	COM	493267108	311	22,400	SH		SOLE	3	22,400	0	0
KILROY RLTY	COM	49427F108	288,389	4,175,317	SH		OTR	3	4,175,317	0	0
KILROY RLTY	COM	49427F108	193	2,800	SH		SOLE	3	2,800	0	0
KIMBERLY CLARK	COM	494368103	1,051	9,100	SH		SOLE	3	9,100	0	0
KIMCO RLTY	COM	49446R109	200,049	7,957,383	SH		OTR	3	7,957,383	0	0
KIMCO RLTY	COM	49446R109	611	24,300	SH		SOLE	3	24,300	0	0
KINDER MORGAN INC	COM	49456B101	1,404	33,177	SH		SOLE	3	33,177	0	0
KITE RLTY GROUP	COM NEW	49803T300	73	2,525	SH		SOLE	3	2,525	0	0
KLA-TENCOR	COM	482480100	281	4,000	SH		SOLE	3	4,000	0	0
KOHLS	COM	500255104	311	5,100	SH		SOLE	3	5,100	0	0
KRAFT FOODS GROUP	COM	50076Q106	909	14,503	SH		SOLE	3	14,503	0	0
KROGER	COM	501044101	180	2,800	SH		OTR	3	2,800	0	0
KROGER	COM	501044101	2,312	36,000	SH		SOLE	3	36,000	0	0
L BRANDS	COM	501797104	5,141	59,400	SH		OTR	3	59,400	0	0
L BRANDS	COM	501797104	502	5,800	SH		SOLE	3	5,800	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	271	2,150	SH		OTR	3	2,150	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	265	2,100	SH		SOLE	3	2,100	0	0
LABORATORY CORP AMER	COM NEW	50540R409	227	2,100	SH		SOLE	3	2,100	0	0
LAM RESEARCH	COM	512807108	3,848	48,500	SH		SOLE	3	48,500	0	0
LAS VEGAS SANDS	COM	517834107	368	6,297	SH		DFND	4	6,297	0	0
LAS VEGAS SANDS	COM	517834107	227	3,900	SH		OTR	3	3,900	0	0
LAS VEGAS SANDS	COM	517834107	558	9,600	SH		SOLE	3	9,600	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	38	3,200	SH		SOLE	3	3,200	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	129	10,787	SH		SOLE	3	10,787	0	0
LAUDER ESTEE COS	CL A	518439104	3,427	44,980	SH		OTR	3	44,980	0	0
LAUDER ESTEE COS	CL A	518439104	434	5,700	SH		SOLE	3	5,700	0	0
LEGG MASON	COM	524901105	2,805	52,550	SH		OTR	3	52,550	0	0
LEGG MASON	COM	524901105	157	2,950	SH		SOLE	3	2,950	0	0
LEGGETT & PLATT	COM	524660107	166	3,900	SH		SOLE	3	3,900	0	0
LENDINGCLUB	COM	52603A109	51	2,050	SH		DFND	1,2	2,050	0	0
LENDINGCLUB	COM	52603A109	421	16,300	SH		DFND	4	16,300	0	0
LENNAR	CL A	526057104	175	3,900	SH		SOLE	3	3,900	0	0
LEUCADIA NATL	COM	527288104	191	8,500	SH		SOLE	3	8,500	0	0
LEVEL 3 COMMUNICATIONS	COM NEW	52729N308	242	4,900	SH		SOLE	3	4,900	0	0
LEXINGTON REALTY	COM	529043101	72	6,546	SH		SOLE	3	6,546	0	0
LIBERTY GLOBAL PLC	CL A	G5480U104	271	5,403	SH		SOLE	3	5,403	0	0
LIBERTY MEDIA CORP	CL A	531229102	81	2,300	SH		SOLE	3	2,300	0	0
LILLY ELI &	COM	532457108	5,964	86,450	SH		OTR	3	86,450	0	0
LILLY ELI &	COM	532457108	1,642	23,800	SH		SOLE	3	23,800	0	0
LINCOLN NATL CORP	COM	534187109	3,463	60,040	SH		OTR	3	60,040	0	0
LINCOLN NATL CORP	COM	534187109	13,838	239,949	SH		SOLE	3	239,949	0	0
LINEAR TECHNOLOGY	COM	535678106	260	5,700	SH		SOLE	3	5,700	0	0
LINKEDIN CORP	CL A	53578A108	1,520	6,533	SH		DFND	4	6,533	0	0
LINKEDIN CORP	CL A	53578A108	597	2,600	SH		SOLE	3	2,600	0	0
LIVE NATION ENTERTAINMENT	COM	538034109	2,157	82,600	SH		OTR	3	82,600	0	0
LKQ	COM	501889208	191	6,800	SH		SOLE	3	6,800	0	0
LOCKHEED MARTIN	COM	539830109	1,252	6,500	SH		SOLE	3	6,500	0	0
LOEWS	COM	540424108	374	8,900	SH		SOLE	3	8,900	0	0
LORILLARD	COM	544147101	541	8,600	SH		SOLE	3	8,600	0	0
LOWES COS	COM	548661107	34,723	504,700	SH		SOLE	3	504,700	0	0
LTC PPTYS	COM	502175102	43	1,000	SH		SOLE	3	1,000	0	0
LULULEMON ATHLETICA	COM	550021109	190	3,400	SH		SOLE	3	3,400	0	0
M & T BK	COM	55261F104	377	3,000	SH		SOLE	3	3,000	0	0
MACERICH	COM	554382101	408,933	4,902,683	SH		OTR	3	4,902,683	0	0
MACERICH	COM	554382101	688	8,245	SH		SOLE	3	8,245	0	0
MACK CALI RLTY	COM	554489104	48	2,500	SH		SOLE	3	2,500	0	0
MACYS	COM	55616P104	5,812	88,398	SH		SOLE	3	88,398	0	0
MALLINCKRODT PUB LTD	SHS	G5785G107	267	2,700	SH		SOLE	3	2,700	0	0
MANPOWERGROUP	COM	56418H100	164	2,400	SH		SOLE	3	2,400	0	0
MARATHON OIL	COM	565849106	630	22,260	SH		OTR	3	22,260	0	0
MARATHON OIL	COM	565849106	472	16,700	SH		SOLE	3	16,700	0	0
MARATHON PETE	COM	56585A102	5,122	56,750	SH		SOLE	3	56,750	0	0
MARKIT	SHS	G58249106	2,337	88,420	SH		OTR	3	88,420	0	0
MARRIOTT INTL INC	CL A	571903202	4,500	57,667	SH		SOLE	3	57,667	0	0
MARSH & MCLENNAN COS	COM	571748102	756	13,200	SH		SOLE	3	13,200	0	0
MARTIN MARIETTA MATLS	COM	573284106	143	1,300	SH		SOLE	3	1,300	0	0
MARVELL TECHNOLOGY GROUP	ORD	G5876H105	141	9,700	SH		SOLE	3	9,700	0	0
MASCO	COM	574599106	224	8,900	SH		SOLE	3	8,900	0	0
MASTERCARD	CL A	57636Q104	5,549	64,400	SH		OTR	3	64,400	0	0
MASTERCARD	CL A	57636Q104	2,042	23,700	SH		SOLE	3	23,700	0	0
MATTEL	COM	577081102	263	8,500	SH		SOLE	3	8,500	0	0
MAXIM INTEGRATED PRODS	COM	57772K101	229	7,200	SH		SOLE	3	7,200	0	0
MCDONALDS	COM	580135101	150	1,597	SH		OTR	3	1,597	0	0
MCDONALDS	COM	580135101	2,164	23,100	SH		SOLE	3	23,100	0	0
MCGRAW HILL FINL	COM	580645109	596	6,700	SH		SOLE	3	6,700	0	0
MCKESSON	COM	58155Q103	4,430	21,340	SH		OTR	3	21,340	0	0
MCKESSON	COM	58155Q103	1,131	5,450	SH		SOLE	3	5,450	0	0
MDU RES GROUP	COM	552690109	106	4,500	SH		SOLE	3	4,500	0	0
MEAD JOHNSON NUTRITION	COM	582839106	513	5,100	SH		SOLE	3	5,100	0	0
MEADWESTVACO	COM	583334107	186	4,200	SH		SOLE	3	4,200	0	0
MEDICAL PPTYS TRUST	COM	58463J304	72	5,200	SH		SOLE	3	5,200	0	0
MEDIVATION	COM	58501N101	149	1,500	SH		SOLE	3	1,500	0	0
MEDTRONIC	COM	585055106	1,675	23,200	SH		SOLE	3	23,200	0	0
MERCK & CO INC	COM	58933Y105	6,329	111,440	SH		OTR	3	111,440	0	0
MERCK & CO INC	COM	58933Y105	3,893	68,558	SH		SOLE	3	68,558	0	0
METLIFE	COM	59156R108	1,249	23,100	SH		SOLE	3	23,100	0	0
METTLER TOLEDO	COM	592688105	212	700	SH		SOLE	3	700	0	0
MGM RESORTS	COM	552953101	210	9,800	SH		SOLE	3	9,800	0	0
MICHAEL KORS HLDGS	SHS	G60754101	411	5,460	SH		DFND	4	5,460	0	0
MICHAEL KORS HLDGS	SHS	G60754101	4,138	55,100	SH		SOLE	3	55,100	0	0
MICROCHIP TECHNOLOGY	COM	595017104	334	7,400	SH		SOLE	3	7,400	0	0
MICROCHIP TECHNOLOGY INC	SDCV 2.125%12/1	595017AB0	62,483	35,000,000	PRN		DFND	5,1,2	35,000,000	0	0
MICRON TECHNOLOGY	COM	595112103	2,923	83,500	SH		SOLE	3	83,500	0	0
MICROSOFT	COM	594918104	11,624	250,250	SH		OTR	3	250,250	0	0
MICROSOFT	COM	594918104	14,269	307,200	SH		SOLE	3	307,200	0	0
MID-AMER APT CMNTYS	COM	59522J103	198	2,656	SH		SOLE	3	2,656	0	0
MOBILE TELESYSTEMS OJSC	ADR	607409109	1,206	168,000	SH		OTR	3	168,000	0	0
MOBILE TELESYSTEMS OJSC	ADR	607409109	50	7,010	SH		SOLE	3	7,010	0	0
MOBILEYE N V AMSTELVEEN	SHS	N51488117	586	14,250	SH		DFND	4	14,250	0	0
MOHAWK INDS	COM	608190104	901	5,800	SH		SOLE	3	5,800	0	0
MOLYCORP INC	COM	608753109	165	187,500	SH		DFND	5,1,2	187,500	0	0
MONDELEZ INTL	CL A	609207105	3,060	84,230	SH		OTR	3	84,230	0	0
MONDELEZ INTL	CL A	609207105	1,446	39,811	SH		SOLE	3	39,811	0	0
MONMOUTH REAL ESTATE INVT	CL A	609720107	19	1,700	SH		SOLE	3	1,700	0	0
MONSANTO CO	COM	61166W101	155	1,300	SH		OTR	3	1,300	0	0
MONSANTO CO	COM	61166W101	1,518	12,706	SH		SOLE	3	12,706	0	0
MONSTER BEVERAGE	COM	611740101	3,122	28,810	SH		OTR	3	28,810	0	0
MONSTER BEVERAGE	COM	611740101	379	3,500	SH		SOLE	3	3,500	0	0
MOODYS	COM	615369105	4,340	45,300	SH		SOLE	3	45,300	0	0
MORGAN	COM NEW	617446448	186	4,800	SH		OTR	3	4,800	0	0
MORGAN	COM NEW	617446448	1,494	38,500	SH		SOLE	3	38,500	0	0
MOSAIC CO	COM	61945C103	365	8,000	SH		SOLE	3	8,000	0	0
MOTOROLA SOLUTIONS	COM NEW	620076307	370	5,513	SH		SOLE	3	5,513	0	0
MURPHY OIL	COM	626717102	217	4,300	SH		SOLE	3	4,300	0	0
MYLAN	COM	628530107	513	9,100	SH		SOLE	3	9,100	0	0
NABORS INDUSTRIES	SHS	G6359F103	88	6,800	SH		SOLE	3	6,800	0	0
NASDAQ OMX GROUP	COM	631103108	149	3,100	SH		SOLE	3	3,100	0	0
NATIONAL HEALTH INVS	COM	63633D104	70	1,000	SH		SOLE	3	1,000	0	0
NATIONAL OILWELL VARCO	COM	637071101	5,688	86,800	SH		OTR	3	86,800	0	0
NATIONAL OILWELL VARCO	COM	637071101	5,061	77,233	SH		SOLE	3	77,233	0	0
NATIONAL RETAIL PPTYS	COM	637417106	83,518	2,121,349	SH		OTR	3	2,121,349	0	0
NATIONAL RETAIL PPTYS	COM	637417106	157	4,000	SH		SOLE	3	4,000	0	0
NAVIENT	COM	63938C108	238	11,000	SH		SOLE	3	11,000	0	0
NETAPP	COM	64110D104	224	5,400	SH		OTR	3	5,400	0	0
NETAPP	COM	64110D104	332	8,000	SH		SOLE	3	8,000	0	0
NETFLIX	COM	64110L106	478	1,400	SH		SOLE	3	1,400	0	0
NETSUITE	COM	64118Q107	66	600	SH		SOLE	3	600	0	0
NEW SR INVT GROUP	COM	648691103	33	2,000	SH		SOLE	3	2,000	0	0
NEW YORK CMNTY BANCORP	COM	649445103	189	11,800	SH		SOLE	3	11,800	0	0
NEW YORK REIT	COM	64976L109	53	5,000	SH		SOLE	3	5,000	0	0
NEWELL RUBBERMAID	COM	651229106	259	6,800	SH		SOLE	3	6,800	0	0
NEWMONT MINING	COM	651639106	226	11,760	SH		DFND	4	11,760	0	0
NEWMONT MINING	COM	651639106	229	12,100	SH		SOLE	3	12,100	0	0
NEWS CORP	CL A	65249B109	143	9,137	SH		SOLE	3	9,137	0	0
NEXTERA ENERGY	COM	65339F101	187	1,762	SH		OTR	3	1,762	0	0
NEXTERA ENERGY	COM	65339F101	1,127	10,600	SH		SOLE	3	10,600	0	0
NIELSEN N	COM	N63218106	4,646	103,870	SH		OTR	3	103,870	0	0
NIELSEN N	COM	N63218106	313	7,000	SH		SOLE	3	7,000	0	0
NISOURCE	COM	65473P105	339	8,000	SH		SOLE	3	8,000	0	0
NOBLE ENERGY	COM	655044105	432	9,100	SH		SOLE	3	9,100	0	0
NORDSTROM	COM	655664100	286	3,600	SH		SOLE	3	3,600	0	0
NORFOLK SOUTHERN	COM	655844108	5,506	50,230	SH		OTR	3	50,230	0	0
NORFOLK SOUTHERN	COM	655844108	811	7,400	SH		SOLE	3	7,400	0	0
NORTHEAST	COM	664397106	422	7,880	SH		SOLE	3	7,880	0	0
NORTHERN TR	COM	665859104	364	5,400	SH		SOLE	3	5,400	0	0
NORTHROP GRUMMAN	COM	666807102	12,410	84,200	SH		SOLE	3	84,200	0	0
NORWEGIAN CRUISE LINE	SHS	G66721104	2,104	45,000	SH		SOLE	3	45,000	0	0
NPS PHARMACEUTICALS	COM	62936P103	1,336	37,350	SH		OTR	3	37,350	0	0
NRG ENERGY	COM NEW	629377508	229	8,500	SH		SOLE	3	8,500	0	0
NRG YIELD INC	CL A	62942X108	193	4,100	SH		SOLE	3	4,100	0	0
NUANCE COMMUNICATIONS	COM	67020Y100	483	34,200	SH		DFND	4	34,200	0	0
NUANCE COMMUNICATIONS	COM	67020Y100	93	6,500	SH		SOLE	3	6,500	0	0
NUCOR	COM	670346105	392	8,000	SH		SOLE	3	8,000	0	0
NVIDIA	COM	67066G104	4,141	206,550	SH		SOLE	3	206,550	0	0
NXP SEMICONDUCTORS N	COM	N6596X109	4,574	59,870	SH		OTR	3	59,870	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	6,626	34,400	SH		SOLE	3	34,400	0	0
OCCIDENTAL PETE CORP	COM	674599105	121	1,500	SH		OTR	3	1,500	0	0
OCCIDENTAL PETE CORP	COM	674599105	1,495	18,550	SH		SOLE	3	18,550	0	0
OCEANEERING INTL	COM	675232102	147	2,500	SH		SOLE	3	2,500	0	0
OGE ENERGY	COM	670837103	167	4,700	SH		SOLE	3	4,700	0	0
OMEGA HEALTHCARE INVS	COM	681936100	145,756	3,730,634	SH		OTR	3	3,730,634	0	0
OMEGA HEALTHCARE INVS	COM	681936100	152	3,900	SH		SOLE	3	3,900	0	0
OMNICARE	COM	681904108	175	2,400	SH		SOLE	3	2,400	0	0
OMNICOM GROUP	COM	681919106	496	6,400	SH		SOLE	3	6,400	0	0
ONE LIBERTY PPTYS	COM	682406103	9	400	SH		SOLE	3	400	0	0
ONEOK INC	COM	682680103	254	5,100	SH		SOLE	3	5,100	0	0
ORACLE	COM	68389X105	6,102	135,700	SH		OTR	3	135,700	0	0
ORACLE	COM	68389X105	19,768	439,583	SH		SOLE	3	439,583	0	0
ORMAT TECHNOLOGIES	COM	686688102	122	4,500	SH		SOLE	3	4,500	0	0
OWENS ILL	COM NEW	690768403	146	5,400	SH		SOLE	3	5,400	0	0
PACCAR	COM	693718108	608	8,937	SH		SOLE	3	8,937	0	0
PALL	COM	696429307	273	2,700	SH		SOLE	3	2,700	0	0
PALO ALTO NETWORKS	COM	697435105	184	1,500	SH		SOLE	3	1,500	0	0
PANDORA MEDIA	COM	698354107	7,695	436,016	SH		DFND	4	436,016	0	0
PARAMOUNT GROUP	COM	69924R108	35	1,883	SH		OTR	3	1,883	0	0
PARKER HANNIFIN	COM	701094104	748	5,800	SH		SOLE	3	5,800	0	0
PARKWAY PPTYS	COM	70159Q104	10,760	585,118	SH		OTR	3	585,118	0	0
PARKWAY PPTYS	COM	70159Q104	46	2,500	SH		SOLE	3	2,500	0	0
PARTNERRE	COM	G6852T105	126	1,100	SH		SOLE	3	1,100	0	0
PATTERN ENERGY GROUP	CL A	70338P100	180	7,300	SH		SOLE	3	7,300	0	0
PATTERSON COMPANIES	COM	703395103	125	2,600	SH		SOLE	3	2,600	0	0
PAYCHEX	COM	704326107	365	7,900	SH		SOLE	3	7,900	0	0
PEBBLEBROOK HOTEL	COM	70509V100	111,296	2,439,106	SH		OTR	3	2,439,106	0	0
PEBBLEBROOK HOTEL	COM	70509V100	96	2,100	SH		SOLE	3	2,100	0	0
PENN NATL GAMING	COM	707569109	364	26,500	SH		OTR	3	26,500	0	0
PENTAIR	SHS	G7S00T104	317	4,780	SH		SOLE	3	4,780	0	0
PEOPLES UNITED FINANCIAL	COM	712704105	131	8,600	SH		SOLE	3	8,600	0	0
PEPCO HOLDINGS	COM	713291102	151	5,600	SH		SOLE	3	5,600	0	0
PEPSICO	COM	713448108	3,403	35,985	SH		SOLE	3	35,985	0	0
PERRIGO CO	SHS	G97822103	535	3,200	SH		SOLE	3	3,200	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	444	60,820	SH		OTR	3	60,820	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	1,340	183,600	SH		SOLE	3	183,600	0	0
PETSMART	COM	716768106	171	2,100	SH		SOLE	3	2,100	0	0
PFIZER	COM	717081103	149	4,783	SH		OTR	3	4,783	0	0
PFIZER	COM	717081103	4,714	151,321	SH		SOLE	3	151,321	0	0
PG&E	COM	69331C108	607	11,400	SH		SOLE	3	11,400	0	0
PHARMACYCLICS	COM	716933106	196	1,600	SH		SOLE	3	1,600	0	0
PHILIP MORRIS INTL	COM	718172109	67	828	SH		OTR	3	828	0	0
PHILIP MORRIS INTL	COM	718172109	3,046	37,400	SH		SOLE	3	37,400	0	0
PHILIPPINE LONG DISTANCE TEL	ADR	718252604	570	9,000	SH		SOLE	3	9,000	0	0
PHILLIPS	COM	718546104	412	5,750	SH		OTR	3	5,750	0	0
PHILLIPS	COM	718546104	979	13,650	SH		SOLE	3	13,650	0	0
PHYSICIANS RLTY	COM	71943U104	3,886	234,080	SH		OTR	3	234,080	0	0
PHYSICIANS RLTY	COM	71943U104	25	1,500	SH		SOLE	3	1,500	0	0
PIEDMONT OFFICE REALTY TR IN	CL A	720190206	89	4,700	SH		SOLE	3	4,700	0	0
PINNACLE WEST CAP	COM	723484101	164	2,400	SH		SOLE	3	2,400	0	0
PIONEER NAT RES	COM	723787107	521	3,500	SH		SOLE	3	3,500	0	0
PLUM CREEK TIMBER CO	COM	729251108	188	4,400	SH		SOLE	3	4,400	0	0
PNC FINL SVCS GROUP	COM	693475105	1,186	12,996	SH		SOLE	3	12,996	0	0
POLARIS INDS	COM	731068102	212	1,400	SH		SOLE	3	1,400	0	0
POST PPTYS	COM	737464107	100	1,700	SH		SOLE	3	1,700	0	0
PPG INDS	COM	693506107	786	3,400	SH		SOLE	3	3,400	0	0
PPL	COM	69351T106	578	15,900	SH		SOLE	3	15,900	0	0
PRAXAIR	COM	74005P104	900	6,950	SH		SOLE	3	6,950	0	0
PRECISION CASTPARTS	COM	740189105	1,255	5,210	SH		SOLE	3	5,210	0	0
PREFERRED APT CMNTYS	COM	74039L103	5	500	SH		SOLE	3	500	0	0
PRICE T ROWE GROUP	COM	74144T108	558	6,500	SH		SOLE	3	6,500	0	0
PRICELINE GRP	COM NEW	741503403	500	436	SH		DFND	4	436	0	0
PRICELINE GRP	COM NEW	741503403	34	30	SH		OTR	3	30	0	0
PRICELINE GRP	COM NEW	741503403	1,391	1,220	SH		SOLE	3	1,220	0	0
PRINCIPAL FINL GROUP	COM	74251V102	1,937	37,300	SH		SOLE	3	37,300	0	0
PROCTER & GAMBLE	COM	742718109	282	3,100	SH		OTR	3	3,100	0	0
PROCTER & GAMBLE	COM	742718109	5,915	64,937	SH		SOLE	3	64,937	0	0
PROGRESSIVE CORP	COM	743315103	389	14,400	SH		SOLE	3	14,400	0	0
PROLOGIS	COM	74340W103	644,758	14,983,929	SH		OTR	3	14,983,929	0	0
PROLOGIS	COM	74340W103	1,226	28,484	SH		SOLE	3	28,484	0	0
PROLOGIS	NOTE 3.250% 3/1	743410AY8	2,792	2,497,000	PRN		DFND	5,1,2	2,497,000	0	0
PRUDENTIAL FINL	COM	744320102	208	2,300	SH		OTR	3	2,300	0	0
PRUDENTIAL FINL	COM	744320102	1,058	11,700	SH		SOLE	3	11,700	0	0
PS BUSINESS PKS INC	COM	69360J107	48	600	SH		SOLE	3	600	0	0
PUBLIC	COM	74460D109	529,362	2,863,736	SH		OTR	3	2,863,736	0	0
PUBLIC	COM	74460D109	1,543	8,350	SH		SOLE	3	8,350	0	0
PUBLIC SVC ENTERPRISE	COM	744573106	530	12,800	SH		SOLE	3	12,800	0	0
PULTE GROUP	COM	745867101	176	8,200	SH		SOLE	3	8,200	0	0
PVH	COM	693656100	256	2,000	SH		SOLE	3	2,000	0	0
QEP RES	COM	74733V100	103	5,100	SH		SOLE	3	5,100	0	0
QTS RLTY TR INC	CL A	74736A103	14	400	SH		SOLE	3	400	0	0
QUALCOMM	COM	747525103	4,459	60,000	SH		DFND	5,1,2	60,000	0	0
QUALCOMM	COM	747525103	221	700	SH		DFND	5,1,2	700	0	0
QUALCOMM	COM	747525103	260	3,500	SH		OTR	3	3,500	0	0
QUALCOMM	COM	747525103	2,973	40,000	SH		SOLE	3	40,000	0	0
QUANTA SVCS	COM	74762E102	346	12,200	SH		SOLE	3	12,200	0	0
QUEST DIAGNOSTICS	COM	74834L100	235	3,500	SH		SOLE	3	3,500	0	0
QUINTILES TRANSNATIO HLDGS	COM	74876Y101	71	1,200	SH		SOLE	3	1,200	0	0
RACKSPACE HOSTING	COM	750086100	136	2,900	SH		SOLE	3	2,900	0	0
RALPH LAUREN	CL A	751212101	3,148	17,000	SH		OTR	3	17,000	0	0
RALPH LAUREN	CL A	751212101	296	1,600	SH		SOLE	3	1,600	0	0
RANGE RES	COM	75281A109	214	4,000	SH		SOLE	3	4,000	0	0
RAYMOND JAMES FINANCIAL	COM	754730109	172	3,000	SH		SOLE	3	3,000	0	0
RAYONIER	COM	754907103	84	3,000	SH		SOLE	3	3,000	0	0
RAYTHEON	COM NEW	755111507	6,050	55,930	SH		OTR	3	55,930	0	0
RAYTHEON	COM NEW	755111507	1,244	11,500	SH		SOLE	3	11,500	0	0
REALOGY HLDGS	COM	75605Y106	160	3,600	SH		SOLE	3	3,600	0	0
REALTY INCOME	COM	756109104	604	12,650	SH		SOLE	3	12,650	0	0
RED HAT	COM	756577102	2,115	30,597	SH		DFND	5,1,2	30,597	0	0
RED HAT	COM	756577102	318	4,600	SH		SOLE	3	4,600	0	0
REGENCY CTRS	COM	758849103	397,976	6,239,827	SH		OTR	3	6,239,827	0	0
REGENCY CTRS	COM	758849103	357	5,600	SH		SOLE	3	5,600	0	0
REGENERON	COM	75886F107	4,902	11,950	SH		OTR	3	11,950	0	0
REGENERON	COM	75886F107	759	1,850	SH		SOLE	3	1,850	0	0
REGIONS FINL CORP	COM	7591EP100	359	34,035	SH		SOLE	3	34,035	0	0
RENAISSANCERE HOLDINGS	COM	G7496G103	126	1,300	SH		SOLE	3	1,300	0	0
RENEWABLE ENERGY GROUP	COM NEW	75972A301	1	1,000	SH		DFND	5,1,2	1,000	0	0
REPUBLIC SVCS	COM	760759100	157	3,900	SH		OTR	3	3,900	0	0
REPUBLIC SVCS	COM	760759100	290	7,200	SH		SOLE	3	7,200	0	0
RESMED	COM	761152107	179	3,200	SH		SOLE	3	3,200	0	0
RETAIL OPPORTUNITY INVTS	COM	76131N101	49	2,900	SH		SOLE	3	2,900	0	0
RETAIL PPTYS AMER	CL A	76131V202	185,046	11,087,249	SH		OTR	3	11,087,249	0	0
RETAIL PPTYS AMER	CL A	76131V202	122	7,300	SH		SOLE	3	7,300	0	0
REXFORD INDL RLTY	COM	76169C100	17	1,100	SH		SOLE	3	1,100	0	0
REYNOLDS AMERICAN	COM	761713106	501	7,800	SH		SOLE	3	7,800	0	0
RLJ LODGING	COM	74965L101	118,984	3,548,573	SH		OTR	3	3,548,573	0	0
RLJ LODGING	COM	74965L101	154	4,600	SH		SOLE	3	4,600	0	0
ROBERT HALF INTL	COM	770323103	2,812	48,160	SH		OTR	3	48,160	0	0
ROBERT HALF INTL	COM	770323103	198	3,400	SH		SOLE	3	3,400	0	0
ROCK-TENN	CL A	772739207	207	3,400	SH		SOLE	3	3,400	0	0
ROCKWELL AUTOMATION	COM	773903109	367	3,300	SH		SOLE	3	3,300	0	0
ROCKWELL COLLINS	COM	774341101	237	2,800	SH		SOLE	3	2,800	0	0
ROPER INDS INC	COM	776696106	407	2,600	SH		SOLE	3	2,600	0	0
ROSS STORES	COM	778296103	104	1,100	SH		OTR	3	1,100	0	0
ROSS STORES	COM	778296103	471	5,000	SH		SOLE	3	5,000	0	0
ROUSE PPTYS	COM	779287101	19	1,007	SH		SOLE	3	1,007	0	0
ROYAL CARIBBEAN CRUISES	COM	V7780T103	6,100	74,000	SH		SOLE	3	74,000	0	0
RYDER SYS	COM	783549108	70	750	SH		SOLE	3	750	0	0
RYMAN HOSPITALITY PPTYS	COM	78377T107	79	1,500	SH		SOLE	3	1,500	0	0
SABRA HEALTH CARE REIT	COM	78573L106	49	1,600	SH		SOLE	3	1,600	0	0
SAFEWAY	COM NEW	786514208	207	5,900	SH		SOLE	3	5,900	0	0
SALESFORCE COM	COM	79466L302	522	8,788	SH		DFND	4	8,788	0	0
SALESFORCE COM	COM	79466L302	4,925	83,030	SH		OTR	3	83,030	0	0
SALESFORCE COM	COM	79466L302	830	14,000	SH		SOLE	3	14,000	0	0
SALIX PHARMACEUTICALS	COM	795435106	138	1,200	SH		SOLE	3	1,200	0	0
SANDISK	COM	80004C101	5,604	57,200	SH		SOLE	3	57,200	0	0
SANDISK CORP	NOTE 1.500% 8/1	80004CAD3	35,534	18,500,000	PRN		DFND	5,1,2	18,500,000	0	0
SAUL CTRS	COM	804395101	17	300	SH		SOLE	3	300	0	0
SBA COMMUNICATIONS	COM	78388J106	487	4,400	SH		SOLE	3	4,400	0	0
SCANA CORP	COM	80589M102	187	3,100	SH		SOLE	3	3,100	0	0
SCHEIN HENRY	COM	806407102	300	2,200	SH		SOLE	3	2,200	0	0
SCHLUMBERGER	COM	806857108	2,641	30,917	SH		SOLE	3	30,917	0	0
SCHWAB CHARLES CORP	COM	808513105	836	27,700	SH		SOLE	3	27,700	0	0
SCRIPPS NETWORKS INTERACT IN CL	COM	811065101	143	1,900	SH		SOLE	3	1,900	0	0
SEAGATE TECHNOLOGY	SHS	G7945M107	545	8,200	SH		SOLE	3	8,200	0	0
SEALED AIR CORP	COM	81211K100	187	4,400	SH		SOLE	3	4,400	0	0
SEI INVESTMENTS	COM	784117103	128	3,200	SH		SOLE	3	3,200	0	0
SEMPRA	COM	816851109	857	7,700	SH		SOLE	3	7,700	0	0
SENSATA TECHNOLOGIES HLDG	SHS	N7902X106	183	3,500	SH		SOLE	3	3,500	0	0
SERVICENOW	COM	81762P102	224	3,300	SH		SOLE	3	3,300	0	0
SHERWIN WILLIAMS	COM	824348106	552	2,100	SH		SOLE	3	2,100	0	0
SIGMA ALDRICH	COM	826552101	398	2,900	SH		SOLE	3	2,900	0	0
SILVER BAY RLTY TR	COM	82735Q102	20	1,200	SH		SOLE	3	1,200	0	0
SIMON PPTY GROUP INC	COM	828806109	1,132,764	6,220,220	SH		OTR	3	6,220,220	0	0
SIMON PPTY GROUP INC	COM	828806109	3,189	17,511	SH		SOLE	3	17,511	0	0
SIRIUS XM HLDGS	COM	82968B103	215	61,400	SH		SOLE	3	61,400	0	0
SKYWORKS SOLUTIONS	COM	83088M102	2,858	39,300	SH		SOLE	3	39,300	0	0
SL GREEN RLTY	COM	78440X101	505,922	4,250,727	SH		OTR	3	4,250,727	0	0
SL GREEN RLTY	COM	78440X101	631	5,300	SH		SOLE	3	5,300	0	0
SMUCKER J M	COM NEW	832696405	273	2,700	SH		SOLE	3	2,700	0	0
SOLARCITY	COM	83416T100	11,271	209,157	SH		DFND	4	209,157	0	0
SOLARCITY	COM	83416T100	171	3,200	SH		SOLE	3	3,200	0	0
SOLAZYME	COM	83415T101	12	124	SH		DFND	5,1,2	124	0	0
SOLAZYME INC	NOTE 5.000%10/0	83415TAC5	684	1,500,000	PRN		DFND	5,1,2	1,500,000	0	0
SOLERA HOLDINGS	COM	83421A104	2,003	39,130	SH		OTR	3	39,130	0	0
SOUTHERN	COM	842587107	1,071	21,800	SH		SOLE	3	21,800	0	0
SOUTHERN COPPER	COM	84265V105	17	600	SH		SOLE	3	600	0	0
SOUTHWEST AIRLS	COM	844741108	11,481	271,300	SH		SOLE	3	271,300	0	0
SOUTHWESTERN ENERGY	COM	845467109	235	8,600	SH		SOLE	3	8,600	0	0
SOVRAN SELF STORAGE	COM	84610H108	87	1,000	SH		SOLE	3	1,000	0	0
SPDR GOLD TRUST	SHS	78463V107	454	4,000	SH		SOLE	3	4,000	0	0
SPECTRA ENERGY	COM	847560109	588	16,196	SH		SOLE	3	16,196	0	0
SPECTRUM BRANDS HLDGS	COM	84763R101	3,349	35,000	SH		SOLE	3	35,000	0	0
SPIRIT AIRLS	COM	848577102	4,807	63,600	SH		SOLE	3	63,600	0	0
SPIRIT RLTY CAP INC	COM	84860W102	209,461	17,616,576	SH		OTR	3	17,616,576	0	0
SPIRIT RLTY CAP INC	COM	84860W102	145	12,200	SH		SOLE	3	12,200	0	0
SPLUNK	COM	848637104	1,258	21,060	SH		DFND	4	21,060	0	0
SPX	COM	784635104	103	1,200	SH		SOLE	3	1,200	0	0
ST JUDE MED	COM	790849103	449	6,900	SH		SOLE	3	6,900	0	0
STAG INDL	COM	85254J102	47	1,900	SH		SOLE	3	1,900	0	0
STANLEY BLACK & DECKER	COM	854502101	348	3,624	SH		SOLE	3	3,624	0	0
STAPLES	COM	855030102	281	15,500	SH		SOLE	3	15,500	0	0
STARBUCKS	COM	855244109	4,283	52,200	SH		SOLE	3	52,200	0	0
STARWOOD HOTELS&RESORTS	COM	85590A401	1,021	12,600	SH		OTR	3	12,600	0	0
STARWOOD HOTELS&RESORTS	COM	85590A401	381	4,700	SH		SOLE	3	4,700	0	0
STARWOOD PPTY TR INC	NOTE 3.750%10/1 ADDED	85571BAC9	10,175	10,000,000	PRN		DFND	5,1,2	10,000,000	0	0
STARWOOD WAYPOINT RESIDENTL	SHS	85571W109	3,208	121,648	SH		OTR	3	121,648	0	0
STARWOOD WAYPOINT RESIDENTL	SHS	85571W109	32	1,200	SH		SOLE	3	1,200	0	0
STATE STR	COM	857477103	13,144	167,443	SH		SOLE	3	167,443	0	0
STERICYCLE	COM	858912108	275	2,100	SH		SOLE	3	2,100	0	0
STRATEGIC HOTELS & RESORTS	COM	86272T106	139,929	10,576,643	SH		OTR	3	10,576,643	0	0
STRATEGIC HOTELS & RESORTS	COM	86272T106	105	7,900	SH		SOLE	3	7,900	0	0
STRYKER	COM	863667101	774	8,200	SH		SOLE	3	8,200	0	0
SUMMIT HOTEL	COM	866082100	4,527	363,874	SH		OTR	3	363,874	0	0
SUMMIT HOTEL	COM	866082100	32	2,600	SH		SOLE	3	2,600	0	0
SUN CMNTYS	COM	866674104	13,994	231,453	SH		OTR	3	231,453	0	0
SUN CMNTYS	COM	866674104	85	1,400	SH		SOLE	3	1,400	0	0
SUNPOWER	COM	867652406	248	9,600	SH		SOLE	3	9,600	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	192,554	11,662,882	SH		OTR	3	11,662,882	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	105	6,370	SH		SOLE	3	6,370	0	0
SUNSTONE HOTEL INVS INC	NEW CV 8% CUM PFD-D	867892507	3,334	127,075	SH		OTR	3	0	0	0
SUNTRUST BKS	COM	867914103	543	12,948	SH		SOLE	3	12,948	0	0
SUPERIOR ENERGY SVCS	COM	868157108	85	4,200	SH		SOLE	3	4,200	0	0
SYMANTEC	COM	871503108	698	27,200	SH		SOLE	3	27,200	0	0
SYNOPSYS	COM	871607107	165	3,800	SH		SOLE	3	3,800	0	0
SYSCO	COM	871829107	579	14,600	SH		SOLE	3	14,600	0	0
T MOBILE US	COM	872590104	166	6,150	SH		SOLE	3	6,150	0	0
TAIWAN SEMICONDUCTOR MFG LTD	ADR	874039100	22	1,000	SH		SOLE	3	1,000	0	0
TANGER FACTORY OUTLET CTRS	COM	875465106	111	3,000	SH		SOLE	3	3,000	0	0
TARGET	COM	87612E106	1,078	14,200	SH		SOLE	3	14,200	0	0
TAUBMAN CTRS	COM	876664103	197,365	2,582,641	SH		OTR	3	2,582,641	0	0
TAUBMAN CTRS	COM	876664103	153	2,000	SH		SOLE	3	2,000	0	0
TD AMERITRADE HLDG	COM	87236Y108	240	6,700	SH		SOLE	3	6,700	0	0
TE CONNECTIVITY LTD	SHS	H84989104	6,584	104,100	SH		OTR	3	104,100	0	0
TE CONNECTIVITY LTD	SHS	H84989104	625	9,875	SH		SOLE	3	9,875	0	0
TELEDYNE TECHNOLOGIES	COM	879360105	2,553	24,850	SH		OTR	3	24,850	0	0
TELEFONICA BRASIL SA	ADR	87936R106	21	1,200	SH		SOLE	3	1,200	0	0
TELEFONICA BRASIL SA	ADR	87936R106	6,456	365,160	SH		SOLE	3	365,160	0	0
TENET HEALTHCARE	COM NEW	88033G407	3,755	74,100	SH		OTR	3	74,100	0	0
TERADATA CORP	COM	88076W103	166	3,800	SH		SOLE	3	3,800	0	0
TERRENO RLTY	COM	88146M101	25	1,200	SH		SOLE	3	1,200	0	0
TESLA MTRS	COM	88160R101	14,299	64,347	SH		DFND	4	64,347	0	0
TESLA MTRS	COM	88160R101	601	2,700	SH		SOLE	3	2,700	0	0
TESORO	COM	881609101	208	2,800	SH		SOLE	3	2,800	0	0
TEXAS INSTRS	COM	882508104	1,353	25,300	SH		SOLE	3	25,300	0	0
TEXTRON	COM	883203101	286	6,800	SH		SOLE	3	6,800	0	0
THE ADT	COM	00101J106	144	3,962	SH		SOLE	3	3,962	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	112	894	SH		OTR	3	894	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	1,190	9,500	SH		SOLE	3	9,500	0	0
TIFFANY & CO	COM	886547108	812	7,600	SH		OTR	3	7,600	0	0
TIFFANY & CO	COM	886547108	887	8,300	SH		SOLE	3	8,300	0	0
TIM PARTICIPACOES S A	ADR	88706P205	7	300	SH		SOLE	3	300	0	0
TIME WARNER	COM NEW	887317303	1,725	20,199	SH		SOLE	3	20,199	0	0
TIME WARNER CABLE	COM	88732J207	1,005	6,610	SH		SOLE	3	6,610	0	0
TJX COS INC	COM	872540109	297	4,345	SH		DFND	4	4,345	0	0
TJX COS INC	COM	872540109	1,207	17,600	SH		SOLE	3	17,600	0	0
TOLL BROTHERS	COM	889478103	144	4,200	SH		SOLE	3	4,200	0	0
TORCHMARK	COM	891027104	180	3,325	SH		SOLE	3	3,325	0	0
TOTAL SYS SVCS	COM	891906109	127	3,751	SH		SOLE	3	3,751	0	0
TOWERS WATSON &	CL A	891894107	170	1,500	SH		SOLE	3	1,500	0	0
TRACTOR SUPPLY	COM	892356106	284	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	216	1,100	SH		SOLE	3	1,100	0	0
TRAVELERS COMPANIES	COM	89417E109	849	8,023	SH		SOLE	3	8,023	0	0
TRIMBLE NAVIGATION	COM	896239100	159	6,000	SH		SOLE	3	6,000	0	0
TRIPADVISOR	COM	896945201	217	2,900	SH		SOLE	3	2,900	0	0
TRIUMPH GROUP INC	COM	896818101	155	2,300	SH		OTR	3	2,300	0	0
TRONOX LTD	CL A	Q9235V101	139	5,800	SH		SOLE	3	5,800	0	0
TRW AUTOMOTIVE HLDGS	COM	87264S106	278	2,700	SH		SOLE	3	2,700	0	0
TWENTY FIRST CENTY FOX	CL A	90130A101	3,630	94,510	SH		OTR	3	94,510	0	0
TWENTY FIRST CENTY FOX	CL A	90130A101	1,285	33,450	SH		SOLE	3	33,450	0	0
TWITTER	COM	90184L102	9,663	269,472	SH		DFND	4	269,472	0	0
TWITTER	COM	90184L102	283	7,900	SH		SOLE	3	7,900	0	0
TYSON FOODS	CL A	902494103	281	7,000	SH		OTR	3	7,000	0	0
TYSON FOODS	CL A	902494103	309	7,700	SH		SOLE	3	7,700	0	0
Twenty First Centy Fox Inc	CL B	90130A200	387	10,500	SH		SOLE	3	10,500	0	0
U M H PROPERTIES	COM	903002103	542	20,512	SH		OTR	3	0	0	0
U M H PROPERTIES	COM	903002103	6	600	SH		SOLE	3	600	0	0
UDR	COM	902653104	408,445	13,252,592	SH		OTR	3	13,252,592	0	0
UDR	COM	902653104	435	14,100	SH		SOLE	3	14,100	0	0
ULTA SALON COSMETCS & FRAG	COM	90384S303	192	1,500	SH		SOLE	3	1,500	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	23	1,200	SH		SOLE	3	1,200	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	5,470	286,850	SH		SOLE	3	286,850	0	0
UNDER ARMOUR	CL A	904311107	1,180	17,275	SH		DFND	4	17,275	0	0
UNDER ARMOUR	CL A	904311107	285	4,200	SH		SOLE	3	4,200	0	0
UNION PAC	COM	907818108	5,814	48,800	SH		OTR	3	48,800	0	0
UNION PAC	COM	907818108	3,479	29,200	SH		SOLE	3	29,200	0	0
UNITED CONTL HLDGS	COM	910047109	6,167	92,200	SH		SOLE	3	92,200	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	245	2,200	SH		OTR	3	2,200	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	2,446	22,000	SH		SOLE	3	22,000	0	0
UNITED RENTALS	COM	911363109	337	3,300	SH		SOLE	3	3,300	0	0
UNITED TECHNOLOGIES	COM	913017109	2,944	25,600	SH		SOLE	3	25,600	0	0
UNITEDHEALTH GROUP	COM	91324P102	2,783	27,526	SH		SOLE	3	27,526	0	0
UNIVERSAL HEALTH RLTY INCM	SH BEN INT	91359E105	19	400	SH		SOLE	3	400	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	78	700	SH		OTR	3	700	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	223	2,000	SH		SOLE	3	2,000	0	0
UNUM	COM	91529Y106	227	6,500	SH		SOLE	3	6,500	0	0
URBAN OUTFITTERS	COM	917047102	7,026	200,000	SH		DFND	5,1,2	200,000	0	0
URBAN OUTFITTERS	COM	917047102	116	3,300	SH		SOLE	3	3,300	0	0
URSTADT BIDDLE PPTYS	CL A	917286205	18	800	SH		SOLE	3	800	0	0
URSTADT BIDDLE PPTYS	PFD G CV 6.75% ADDED	917286809	4,109	157,425	SH		OTR	3	0	0	0
US BANCORP	COM NEW	902973304	1,915	42,600	SH		SOLE	3	42,600	0	0
V F	COM	918204108	3,541	47,280	SH		OTR	3	47,280	0	0
V F	COM	918204108	629	8,400	SH		SOLE	3	8,400	0	0
VALE S	ADR	91912E105	57	7,000	SH		SOLE	3	7,000	0	0
VALE S	ADR	91912E105	609	74,500	SH		SOLE	3	74,500	0	0
VALE SA	ADR REPSTG PFD	91912E204	44	6,000	SH		SOLE	3	6,000	0	0
VALE SA	ADR REPSTG PFD	91912E204	11,564	1,592,800	SH		SOLE	3	1,592,800	0	0
VALERO ENERGY CORP	COM	91913Y100	628	12,692	SH		SOLE	3	12,692	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	468	11,700	SH		SOLE	3	11,700	0	0
VANGUARD WHITEHALL FDS	HIGH DIV YLD	921946406	390	5,670	SH		SOLE	3	5,670	0	0
VANTIV	CL A	92210H105	112	3,300	SH		SOLE	3	3,300	0	0
VARIAN MED SYS	COM	92220P105	234	2,700	SH		SOLE	3	2,700	0	0
VECTOR GROUP LTD	FRNT 1/1	92240MAY4	10,555	7,500,000	PRN		DFND	5,1,2	7,500,000	0	0
VENTAS	COM	92276F100	560,195	7,813,042	SH		OTR	3	7,813,042	0	0
VENTAS	COM	92276F100	1,206	16,824	SH		SOLE	3	16,824	0	0
VERISIGN	COM	92343E102	177	3,100	SH		SOLE	3	3,100	0	0
VERISK ANALYTICS	CL A	92345Y106	243	3,800	SH		SOLE	3	3,800	0	0
VERIZON COMMUNICATIONS	COM	92343V104	4,619	98,748	SH		SOLE	3	98,748	0	0
VERTEX PHARMACEUTICALS	COM	92532F100	2,420	20,370	SH		OTR	3	20,370	0	0
VERTEX PHARMACEUTICALS	COM	92532F100	677	5,700	SH		SOLE	3	5,700	0	0
VIACOM INC	NEW CL B	92553P201	668	8,871	SH		SOLE	3	8,871	0	0
VISA INC	CL A	92826C839	2,858	10,900	SH		OTR	3	10,900	0	0
VISA INC	CL A	92826C839	4,929	18,800	SH		SOLE	3	18,800	0	0
VMWARE INC CL	COM	928563402	272	3,300	SH		SOLE	3	3,300	0	0
VORNADO RLTY TR	SH BEN INT	929042109	650,241	5,524,092	SH		OTR	3	5,524,092	0	0
VORNADO RLTY TR	SH BEN INT	929042109	1,162	9,869	SH		SOLE	3	9,869	0	0
VOYA FINL	COM	929089100	170	4,000	SH		SOLE	3	4,000	0	0
VULCAN MATLS	COM	929160109	4,191	63,760	SH		OTR	3	63,760	0	0
VULCAN MATLS	COM	929160109	210	3,200	SH		SOLE	3	3,200	0	0
W P CAREY	COM	92936U109	210	3,000	SH		SOLE	3	3,000	0	0
WABCO HLDGS	COM	92927K102	1,727	16,480	SH		OTR	3	16,480	0	0
WAL-MART STORES	COM	931142103	223	2,600	SH		OTR	3	2,600	0	0
WAL-MART STORES	COM	931142103	3,298	38,400	SH		SOLE	3	38,400	0	0
WASHINGTON PRIME GROUP	COM	939647103	16,834	977,604	SH		OTR	3	977,604	0	0
WASHINGTON PRIME GROUP	COM	939647103	82	4,739	SH		SOLE	3	4,739	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	55	2,000	SH		SOLE	3	2,000	0	0
WASTE MGMT INC	COM	94106L109	544	10,600	SH		SOLE	3	10,600	0	0
WATERS	COM	941848103	248	2,200	SH		SOLE	3	2,200	0	0
WEATHERFORD INTL PLC	SHS	G48833100	212	18,500	SH		SOLE	3	18,500	0	0
WEBMD HEALTH	COM	94770V102	878	22,201	SH		DFND	5,1,2	22,201	0	0
WEINGARTEN RLTY INVS SH	BEN INT	948741103	238,067	6,817,493	SH		OTR	3	6,817,493	0	0
WEINGARTEN RLTY INVS SH	BEN INT	948741103	122	3,500	SH		SOLE	3	3,500	0	0
WELLS FARGO & CO	COM	949746101	4,299	78,426	SH		OTR	3	78,426	0	0
WELLS FARGO & CO	COM	949746101	27,728	505,809	SH		SOLE	3	505,809	0	0
WESTERN DIGITAL	COM	958102105	4,015	36,270	SH		OTR	3	36,270	0	0
WESTERN DIGITAL	COM	958102105	18,011	162,700	SH		SOLE	3	162,700	0	0
WESTERN UN	COM	959802109	243	13,546	SH		SOLE	3	13,546	0	0
WESTLAKE CHEM	COM	960413102	73	1,200	SH		SOLE	3	1,200	0	0
WEYERHAEUSER	COM	962166104	472	13,158	SH		SOLE	3	13,158	0	0
WHIRLPOOL	COM	963320106	387	2,000	SH		SOLE	3	2,000	0	0
WHITESTONE	COM	966084204	9	600	SH		SOLE	3	600	0	0
WHITING PETE CORP	COM	966387102	102	3,100	SH		SOLE	3	3,100	0	0
WHOLE FOODS MKT	COM	966837106	429	8,500	SH		SOLE	3	8,500	0	0
WILLIAMS COS INC	COM	969457100	777	17,300	SH		SOLE	3	17,300	0	0
WILLIS GROUP HOLDINGS	SHS	G96666105	184	4,100	SH		SOLE	3	4,100	0	0
WINDSTREAM HLDGS	COM	97382A101	125	15,200	SH		SOLE	3	15,200	0	0
WISCONSIN ENERGY	COM	976657106	295	5,600	SH		SOLE	3	5,600	0	0
WISDOMTREE INVTS	COM	97717P104	1,188	75,780	SH		OTR	3	75,780	0	0
WOODWARD	COM	980745103	187	3,800	SH		SOLE	3	3,800	0	0
WORKDAY	CL A	98138H101	180	2,200	SH		SOLE	3	2,200	0	0
WYNDHAM WORLDWIDE	COM	98310W108	900	10,500	SH		SOLE	3	10,500	0	0
WYNN RESORTS	COM	983134107	7,438	50,000	SH		DFND	5,1,2	50,000	0	0
WYNN RESORTS	COM	983134107	2,012	500	SH		DFND	5,1,2	500	0	0
WYNN RESORTS	COM	983134107	298	2,000	SH		SOLE	3	2,000	0	0
XCEL ENERGY	COM	98389B100	445	12,400	SH		SOLE	3	12,400	0	0
XEROX	COM	984121103	376	27,153	SH		SOLE	3	27,153	0	0
XILINX	COM	983919101	199	4,600	SH		OTR	3	4,600	0	0
XILINX	COM	983919101	294	6,800	SH		SOLE	3	6,800	0	0
XL GROUP	SHS	G98290102	234	6,800	SH		SOLE	3	6,800	0	0
XYLEM	COM	98419M100	236	6,200	SH		SOLE	3	6,200	0	0
YAHOO	COM	984332106	11,673	231,100	SH		SOLE	3	231,100	0	0
YELP	CL A	985817105	15,725	289,919	SH		DFND	4	289,919	0	0
YUM BRANDS	COM	988498101	750	10,300	SH		SOLE	3	10,300	0	0
ZILLOW	CL A	98954A107	12,182	118,400	SH		DFND	4	118,400	0	0
ZIMMER HLDGS	COM	98956P102	454	4,000	SH		SOLE	3	4,000	0	0
ZOETIS	CL A	98978V103	114	2,650	SH		OTR	3	2,650	0	0
ZOETIS	CL A	98978V103	521	12,100	SH		SOLE	3	12,100	0	0