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
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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	82	2,341	SH		SOLE	3	2,341	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	12,795	153,722	SH		DFND	4	153,722	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	2,494	29,960	SH		OTR	3	29,960	0	0
BAIDU INC	SPON ADR REP A	056752108	2,309	11,080	SH		OTR	3	11,080	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	133	14,280	SH		SOLE	3	14,280	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	16,697	1,799,299	SH		SOLE	3	1,799,299	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	24	600	SH		SOLE	3	600	0	0
BARCLAYS BK	PLC IPATH S&P500 VIX	06742E711	256	10,000	SH		DFND	1,2	10,000	0	0
BERKSHIRE HATHAWAY INC	CL B NEW	084670702	9,200	63,750	SH		SOLE	3	63,750	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	138,791	8,685,298	SH		OTR	3	8,685,298	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	96	6,000	SH		SOLE	3	6,000	0	0
BROWN FORMAN CORP	CL B	115637209	271	3,000	SH		SOLE	3	3,000	0	0
CABLEVISION SYS CORP	CL A NY CABLVS	12686C109	121	6,600	SH		SOLE	3	6,600	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	414	5,300	SH		SOLE	3	5,300	0	0
CARNIVAL CORP	PAIRED CTF	143658300	531	11,100	SH		SOLE	3	11,100	0	0
CBS CORP NEW	CL B	124857202	3,224	53,171	SH		SOLE	3	53,171	0	0
CELANESE CORP	DEL COM SER A	150870103	218	3,900	SH		SOLE	3	3,900	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	150	5,000	SH		DFND	5,1,2	5,000	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	124	3,537	SH		DFND	5,1,2	3,537	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	3,077	325,000	SH		DFND	5,1,2	325,000	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	63	1,000	SH		DFND	5,1,2	1,000	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	306	2,000	SH		DFND	5,1,2	2,000	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	156	16,429	SH		SOLE	3	16,429	0	0
CHARTER COMMUNICATIONS INC	D CL A NEW	16117M305	367	1,900	SH		SOLE	3	1,900	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	64	1,900	SH		SOLE	3	1,900	0	0
COMCAST CORP NEW	CL A SPL	20030N200	561	10,000	SH		SOLE	3	10,000	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	86	21,000	SH		SOLE	3	21,000	0	0
CORPORATE OFFICE PPTYS	TR SH BEN INT	22002T108	118,133	4,020,881	SH		OTR	3	4,020,881	0	0
CORPORATE OFFICE PPTYS	TR SH BEN INT	22002T108	91	3,100	SH		SOLE	3	3,100	0	0
DEUTSCHE BANK	AG NAMEN AKT	D18190898	2,952	85,000	SH		DFND	4	85,000	0	0
DISCOVERY COMMUNICATNS NEW COM	SER A	25470F104	112	3,640	SH		SOLE	3	3,640	0	0
DISCOVERY COMMUNICATNS NEW COM	SER C	25470F302	195	6,620	SH		SOLE	3	6,620	0	0
DISNEY WALT CO COM	DISNEY	254687106	241	2,300	SH		OTR	3	2,300	0	0
DISNEY WALT CO COM	DISNEY	254687106	14,737	140,500	SH		SOLE	3	140,500	0	0
EATON VANCE CORP COM	NON VTG	278265103	154	3,700	SH		SOLE	3	3,700	0	0
ECOPETROL S A	SPONSORED ADS	279158109	15	1,000	SH		SOLE	3	1,000	0	0
EPR PPTYS COM	SH BEN INT	26884U109	114	1,900	SH		SOLE	3	1,900	0	0
EQUINIX INC COM	PAR $0.001 ADDED	29444U700	310	1,330	SH		SOLE	3	1,330	0	0
EQUITY COMWLTH COM	SH BEN INT	294628102	119	4,475	SH		SOLE	3	4,475	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	894,277	11,485,701	SH		OTR	3	11,485,701	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	2,577	33,100	SH		SOLE	3	33,100	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	185,684	1,261,357	SH		OTR	3	1,261,357	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	986	6,700	SH		SOLE	3	6,700	0	0
FOMENTO ECONOMICO MEXICANO	S SPON ADR UNITS	344419106	238	2,550	SH		SOLE	3	2,550	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	735	45,567	SH		DFND	4	45,567	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	216	13,400	SH		OTR	3	13,400	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	1,348	83,523	SH		SOLE	3	83,523	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	463	24,458	SH		SOLE	3	24,458	0	0
GERDAU S A	SPON ADR REP PFD	373737105	22	6,800	SH		SOLE	3	6,800	0	0
GERDAU S A	SPON ADR REP PFD	373737105	2,569	802,700	SH		SOLE	3	802,700	0	0
GLOBAL X FDS GLBX	MSCI COLUM	37950E200	49	4,700	SH		SOLE	3	4,700	0	0
GOOGLE INC	CL C	38259P706	17,130	31,260	SH		OTR	3	31,260	0	0
GOOGLE INC	CL C	38259P706	3,863	7,050	SH		SOLE	3	7,050	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	55	2,400	SH		SOLE	3	2,400	0	0
GRUPO AEROPORTUARIO DEL SURE	SPON ADR SER B	40051E202	81	600	SH		SOLE	3	600	0	0
GRUPO FINANCIERO SANTANDER M	SPON ADR SHS B	40053C105	36	3,300	SH		SOLE	3	3,300	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	148,604	5,333,968	SH		OTR	3	5,333,968	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	118	4,250	SH		SOLE	3	4,250	0	0
HERSHA HOSPITALITY	TR SH BEN INT A	427825104	162	24,984	SH		OTR	3	24,984	0	0
HERSHA HOSPITALITY	TR SH BEN INT A	427825104	44	6,800	SH		SOLE	3	6,800	0	0
HOSPITALITY PPTYS TR	COM SH BEN INT	44106M102	168	5,100	SH		SOLE	3	5,100	0	0
INTUIT	COM	461202103	611	6,300	SH		SOLE	3	6,300	0	0
INVESTORS REAL ESTATE	TR SH BEN INT	461730103	30	4,000	SH		SOLE	3	4,000	0	0
ISHARES	MSCI BRZ CAP ETF	464286400	452	14,400	SH		SOLE	3	14,400	0	0
ISHARES	MSCI CDA ETF	464286509	38	1,380	SH		SOLE	3	1,380	0	0
ISHARES	MSCI CH CAP ETF	464286640	101	2,500	SH		SOLE	3	2,500	0	0
ISHARES	MSCI PAC JP ETF	464286665	46	1,010	SH		SOLE	3	1,010	0	0
ISHARES	MSCI GERMANY ETF	464286806	328	11,000	SH		SOLE	3	11,000	0	0
ISHARES	MSCI MEX CAP ETF	464286822	2,898	50,000	SH		DFND	4	50,000	0	0
ISHARES	IBOXX HI YD ETF	464288513	14,923	164,700	SH		SOLE	3	164,700	0	0
ISHARES INTL	SEL DIV ETF	464288448	631	18,750	SH		SOLE	3	18,750	0	0
ISHARES TR	MSCI EMG MKT ETF	464287234	1,922	47,900	SH		SOLE	3	47,900	0	0
ISHARES TR	NA TEC MULTM ETF	464287531	188	5,000	SH		DFND	1,2	5,000	0	0
ISHARES TR	U.S. TELECOM ETF	464287713	151	5,000	SH		DFND	1,2	5,000	0	0
ISHARES TR	MSCI UTD KNGDM	46434V548	180	10,000	SH		SOLE	3	10,000	0	0
ITAU UNIBANCO HLDG	SA SPON ADR REP PFD	465562106	13,554	1,225,532	SH		SOLE	3	1,225,532	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	259	1,500	SH		SOLE	3	1,500	0	0
LASALLE HOTEL PPTYS	COM SH BEN INT	517942108	5,398	138,900	SH		SOLE	3	138,900	0	0
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	738	14,809	SH		SOLE	3	14,809	0	0
LIBERTY INTERACTIVE CORP	INT COM SER A	53071M104	314	10,750	SH		SOLE	3	10,750	0	0
LIBERTY MEDIA CORP DELAWARE COM	SER C	531229300	187	4,900	SH		SOLE	3	4,900	0	0
LIBERTY PPTY TR	SH BEN INT	531172104	332	9,300	SH		SOLE	3	9,300	0	0
LYONDELLBASELL INDUSTRIES	N SHS - A -	N53745100	184	2,100	SH		OTR	3	2,100	0	0
LYONDELLBASELL INDUSTRIES	N SHS - A -	N53745100	869	9,900	SH		SOLE	3	9,900	0	0
MARKET VECTORS ETF	TR RUSSIA ETF	57060U506	226	13,300	SH		SOLE	3	13,300	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	208	2,700	SH		SOLE	3	2,700	0	0
MOLSON COORS BREWING CO	CL B	60871R209	287	3,850	SH		SOLE	3	3,850	0	0
MYLAN N V	SHS EURO ADDED	N59465109	522	8,800	SH		SOLE	3	8,800	0	0
NIKE INC	CL B	654106103	4,083	40,700	SH		SOLE	3	40,700	0	0
NOBLE CORP PLC	SHS USD	G65431101	86	6,000	SH		SOLE	3	6,000	0	0
PENNSYLVANIA RL ESTATE INVT SH	BEN INT	709102107	22,401	964,305	SH		OTR	3	964,305	0	0
PENNSYLVANIA RL ESTATE INVT SH	BEN INT	709102107	53	2,300	SH		SOLE	3	2,300	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	1,717	281,900	SH		SOLE	3	281,900	0	0
POWERSHARES DB CMDTY	IDX TRA UNIT BEN INT	73935S105	51	3,000	SH		SOLE	3	3,000	0	0
POWERSHARES GLOBAL ETF TRUST	EMER MRKT PORT	73936T763	657	35,500	SH		SOLE	3	35,500	0	0
POWERSHS DB US DOLLAR INDEX DOLL	INDX BULL	73936D107	310	12,000	SH		DFND	1,2	12,000	0	0
QIHOO 360 TECHNOLOGY CO LTD	ADS	74734M109	72	1,400	SH		SOLE	3	1,400	0	0
RAMCO-GERSHENSON PPTYS TR COM	SH BEN INT	751452202	48	2,600	SH		SOLE	3	2,600	0	0
SELECT INCOME REIT COM	SH BEN INT	81618T100	32	1,300	SH		SOLE	3	1,300	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	150	2,000	SH		DFND	1,2	2,000	0	0
SENIOR HSG PPTYS	TR SH BEN INT	81721M109	178	8,000	SH		SOLE	3	8,000	0	0
SILICONWARE PRECISION INDS	L SPONSD ADR SPL	827084864	982	120,000	SH		SOLE	3	120,000	0	0
SOCIEDAD QUIMICA MINERA DE C	SPON ADR SER B	833635105	7	400	SH		SOLE	3	400	0	0
SPDR DOW JONES INDL AVRG	ETF UT SER 1	78467X109	444	2,500	SH		SOLE	3	2,500	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	1,495	7,240	SH		SOLE	3	7,240	0	0
SPDR SERIES TRUST	S&P SEMICNDCTR	78464A862	175	2,000	SH		DFND	1,2	2,000	0	0
SPRINT CORP COM	SER 1	85207U105	86	18,179	SH		SOLE	3	18,179	0	0
TWENTY FIRST CENTY FOX INC	CL B	90130A200	345	10,500	SH		SOLE	3	10,500	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	194	2,000	SH		OTR	3	2,000	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	1,919	19,800	SH		SOLE	3	19,800	0	0
UNIVERSAL HEALTH RLTY	INCM T SH BEN INT	91359E105	28	500	SH		SOLE	3	500	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	82	700	SH		OTR	3	700	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	235	2,000	SH		SOLE	3	2,000	0	0
VALE S A ADR	REPSTG PFD	91912E204	6,585	1,357,800	SH		SOLE	3	1,357,800	0	0
VANGUARD INTL EQUITY INDEX F FTSE	EMR MKT ETF	922042858	515	12,600	SH		SOLE	3	12,600	0	0
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	559	8,190	SH		SOLE	3	8,190	0	0
VIACOM INC	NEW CL B	92553P201	2,839	41,571	SH		SOLE	3	41,571	0	0
VORNADO RLTY TR	SH BEN INT	929042109	640,896	5,722,289	SH		OTR	3	5,722,289	0	0
VORNADO RLTY TR	SH BEN INT	929042109	1,822	16,269	SH		SOLE	3	16,269	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	64	2,300	SH		SOLE	3	2,300	0	0
WEINGARTEN RLTY I	NVS SH BEN INT	948741103	262,274	7,289,434	SH		OTR	3	7,289,434	0	0
WEINGARTEN RLTY I	NVS SH BEN INT	948741103	140	3,900	SH		SOLE	3	3,900	0	0
WISDOMTREE TR	EUROPE HEDGED EQ	97717X701	132	2,000	SH		DFND	1,2	2,000	0	0
3-D SYS CORP	COM NEW	88554D205	4,720	172,166	SH		DFND	4	172,166	0	0
3M	COM	88579Y101	7,744	46,950	SH		SOLE	3	46,950	0	0
ABBOTT	COM	002824100	1,645	35,500	SH		SOLE	3	35,500	0	0
ABBVIE	COM	00287Y109	275	4,700	SH		OTR	3	4,700	0	0
ABBVIE	COM	00287Y109	2,172	37,100	SH		SOLE	3	37,100	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	9,845	105,080	SH		OTR	3	105,080	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	3,228	34,450	SH		SOLE	3	34,450	0	0
ACE	SHS	H0023R105	201	1,800	SH		OTR	3	1,800	0	0
ACE	SHS	H0023R105	853	7,650	SH		SOLE	3	7,650	0	0
ACTIVISION BLIZZARD	COM	00507V109	266	11,700	SH		SOLE	3	11,700	0	0
ADOBE SYS	COM	00724F101	821	11,100	SH		SOLE	3	11,100	0	0
ADVANCE AUTO PARTS	COM	00751Y106	4,045	27,020	SH		OTR	3	27,020	0	0
ADVANCE AUTO PARTS	COM	00751Y106	277	1,850	SH		SOLE	3	1,850	0	0
AES	COM	00130H105	224	17,400	SH		SOLE	3	17,400	0	0
AETNA INC	COM	00817Y108	7,789	73,120	SH		OTR	3	73,120	0	0
AETNA INC	COM	00817Y108	2,128	19,973	SH		SOLE	3	19,973	0	0
AFFILIATED MANAGERS	COM	008252108	258	1,200	SH		SOLE	3	1,200	0	0
AFLAC	COM	001055102	666	10,400	SH		SOLE	3	10,400	0	0
AGCO	COM	001084102	124	2,600	SH		SOLE	3	2,600	0	0
AGILENT TECHNOLOGIES	COM	00846U101	336	8,090	SH		SOLE	3	8,090	0	0
AGREE REALTY	COM	008492100	20	600	SH		SOLE	3	600	0	0
AIR PRODS & CHEMS	COM	009158106	779	5,150	SH		SOLE	3	5,150	0	0
AIRGAS	COM	009363102	159	1,500	SH		SOLE	3	1,500	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	902	12,700	SH		SOLE	3	12,700	0	0
ALASKA AIR GROUP	COM	011659109	4,765	72,000	SH		SOLE	3	72,000	0	0
ALBANY MOLECULAR RESH INC	NOTE 2.250%11/1	012423AB5	6,375	5,000,000	PRN		DFND	5,1,2	5,000,000	0	0
ALBEMARLE	COM	012653101	127	2,400	SH		SOLE	3	2,400	0	0
ALCOA	COM	013817101	355	27,500	SH		SOLE	3	27,500	0	0
ALEXANDERS	COM	014752109	46	100	SH		SOLE	3	100	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	275	2,800	SH		SOLE	3	2,800	0	0
ALEXION PHARMACEUTICALS	COM	015351109	797	4,600	SH		SOLE	3	4,600	0	0
ALKERMES	SHS	G01767105	2,313	37,940	SH		OTR	3	37,940	0	0
ALKERMES	SHS	G01767105	177	2,900	SH		SOLE	3	2,900	0	0
ALLEGHANY CORP	COM	017175100	487	1,000	SH		SOLE	3	1,000	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	6,038	20,380	SH		OTR	3	20,380	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	444	1,500	SH		SOLE	3	1,500	0	0
ALLIANT ENERGY	COM	018802108	126	2,000	SH		OTR	3	2,000	0	0
ALLIANT ENERGY	COM	018802108	428	6,800	SH		SOLE	3	6,800	0	0
ALLSTATE	COM	020002101	235	3,300	SH		OTR	3	3,300	0	0
ALLSTATE	COM	020002101	13,601	191,100	SH		SOLE	3	191,100	0	0
ALLY FINL	COM	02005N100	195	9,300	SH		SOLE	3	9,300	0	0
ALON USA ENERGY INC	NOTE 3.000% 9/1 ADDED	020520AB8	2,548	2,000,000	PRN		DFND	5,1,2	2,000,000	0	0
ALTERA	COM	021441100	305	7,100	SH		SOLE	3	7,100	0	0
ALTRIA GROUP	COM	02209S103	15,436	308,600	SH		SOLE	3	308,600	0	0
AMAZON COM	COM	023135106	4,160	11,181	SH		DFND	4	11,181	0	0
AMAZON COM	COM	023135106	11,479	30,850	SH		OTR	3	30,850	0	0
AMAZON COM	COM	023135106	3,423	9,200	SH		SOLE	3	9,200	0	0
AMBARELLA	SHS	G037AX101	211	2,800	SH		DFND	4	2,800	0	0
AMBEV SA	ADR	02319V103	3,550	616,300	SH		SOLE	3	616,300	0	0
AMEREN	COM	023608102	257	6,100	SH		SOLE	3	6,100	0	0
AMERICA MOVIL SAB DE CV SPON ADR	SHS	02364W105	241	11,800	SH		SOLE	3	11,800	0	0
AMERICAN AIRLS GROUP	COM	02376R102	4,514	85,530	SH		OTR	3	85,530	0	0
AMERICAN AIRLS GROUP	COM	02376R102	238	4,500	SH		SOLE	3	4,500	0	0
AMERICAN ASSETS TR	COM	024013104	17,999	415,864	SH		OTR	3	415,864	0	0
AMERICAN ASSETS TR	COM	024013104	56	1,300	SH		SOLE	3	1,300	0	0
AMERICAN CAMPUS CMNTYS	COM	024835100	166	3,868	SH		SOLE	3	3,868	0	0
AMERICAN CAPITAL AGENCY	COM	02503X105	181	8,500	SH		SOLE	3	8,500	0	0
AMERICAN ELEC PWR	COM	025537101	858	15,250	SH		SOLE	3	15,250	0	0
AMERICAN EXPRESS	COM	025816109	257	3,300	SH		DFND	4	3,300	0	0
AMERICAN EXPRESS	COM	025816109	1,711	21,900	SH		SOLE	3	21,900	0	0
AMERICAN HOMES 4	CL A	02665T306	124,406	7,517,004	SH		OTR	3	7,517,004	0	0
AMERICAN HOMES 4	CL A	02665T306	78	4,700	SH		SOLE	3	4,700	0	0
AMERICAN INTL GROUP	COM NEW	026874784	8,250	150,580	SH		OTR	3	150,580	0	0
AMERICAN INTL GROUP	COM NEW	026874784	5,068	92,492	SH		SOLE	3	92,492	0	0
AMERICAN RESIDENTIAL PPTYS	COM	02927E303	20	1,100	SH		SOLE	3	1,100	0	0
AMERICAN RLTY CAP PPTYS	COM	02917T104	535	54,274	SH		SOLE	3	54,274	0	0
AMERICAN TOWER CORP	COM	03027X100	932	9,900	SH		SOLE	3	9,900	0	0
AMERICAN WTR WKS CO INC	COM	030420103	867	16,000	SH		SOLE	3	16,000	0	0
AMERIPRISE FINL	COM	03076C106	262	2,000	SH		OTR	3	2,000	0	0
AMERIPRISE FINL	COM	03076C106	557	4,260	SH		SOLE	3	4,260	0	0
AMERISOURCEBERGEN	COM	03073E105	10,765	94,700	SH		SOLE	3	94,700	0	0
AMETEK INC	COM	031100100	299	5,700	SH		SOLE	3	5,700	0	0
AMGEN	COM	031162100	2,829	17,700	SH		SOLE	3	17,700	0	0
AMPHENOL CORP	CL A	032095101	436	7,400	SH		SOLE	3	7,400	0	0
ANADARKO PETE	COM	032511107	7,832	94,580	SH		OTR	3	94,580	0	0
ANADARKO PETE	COM	032511107	977	11,800	SH		SOLE	3	11,800	0	0
ANALOG DEVICES	COM	032654105	466	7,400	SH		SOLE	3	7,400	0	0
ANNALY CAP MGMT	COM	035710409	238	22,900	SH		SOLE	3	22,900	0	0
ANSYS	COM	03662Q105	185	2,100	SH		SOLE	3	2,100	0	0
ANTHEM	COM	036752103	2,679	17,350	SH		SOLE	3	17,350	0	0
AON PLC	CL A	G0408V102	4,373	45,500	SH		OTR	3	45,500	0	0
AON PLC	CL A	G0408V102	596	6,200	SH		SOLE	3	6,200	0	0
APACHE	COM	037411105	2,396	39,710	SH		SOLE	3	39,710	0	0
APARTMENT INVT & MGMT	CL A	03748R101	310,737	7,894,750	SH		OTR	3	7,894,750	0	0
APARTMENT INVT & MGMT	CL A	03748R101	236	5,992	SH		SOLE	3	5,992	0	0
APPLE	COM	037833100	559	4,500	SH		DFND	1,2	4,500	0	0
APPLE	COM	037833100	6,293	50,578	SH		DFND	4	50,578	0	0
APPLE	COM	037833100	13,534	108,770	SH		OTR	3	108,770	0	0
APPLE	COM	037833100	48,889	392,900	SH		SOLE	3	392,900	0	0
APPLIED MATLS	COM	038222105	4,799	212,700	SH		OTR	3	212,700	0	0
APPLIED MATLS	COM	038222105	855	37,900	SH		SOLE	3	37,900	0	0
ARCH CAP GROUP	ORD	G0450A105	185	3,000	SH		SOLE	3	3,000	0	0
ARCHER DANIELS MIDLAND	COM	039483102	697	14,700	SH		SOLE	3	14,700	0	0
ARMADA HOFFLER PPTYS	COM	04208T108	7	700	SH		SOLE	3	700	0	0
ARROW ELECTRS	COM	042735100	147	2,400	SH		SOLE	3	2,400	0	0
ASHFORD HOSPITALITY PRIME	COM	044102101	14	860	SH		SOLE	3	860	0	0
ASHFORD HOSPITALITY TR INC	SHS	044103109	27	2,800	SH		SOLE	3	2,800	0	0
ASHLAND INC	COM	044209104	178	1,400	SH		SOLE	3	1,400	0	0
ASSOCIATED ESTATES RLTY	COM	045604105	49	2,000	SH		SOLE	3	2,000	0	0
ASSURANT	COM	04621X108	98	1,600	SH		SOLE	3	1,600	0	0
AT&T	COM	00206R102	291	8,900	SH		OTR	3	8,900	0	0
AT&T	COM	00206R102	3,967	121,495	SH		SOLE	3	121,495	0	0
AUTODESK	COM	052769106	305	5,200	SH		SOLE	3	5,200	0	0
AUTOLIV	COM	052800109	253	2,150	SH		SOLE	3	2,150	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	976	11,400	SH		SOLE	3	11,400	0	0
AUTONATION	COM	05329W102	109	1,700	SH		SOLE	3	1,700	0	0
AUTOZONE	COM	053332102	4,611	6,760	SH		SOLE	3	6,760	0	0
AVAGO TECHNOLOGIES	SHS	Y0486S104	165	1,300	SH		OTR	3	1,300	0	0
AVAGO TECHNOLOGIES	SHS	Y0486S104	19,606	154,400	SH		SOLE	3	154,400	0	0
AVALONBAY CMNTYS	COM	053484101	2,190	12,569	SH		SOLE	3	12,569	0	0
AVERY DENNISON	COM	053611109	116	2,200	SH		SOLE	3	2,200	0	0
AVIV REIT INC	COM	05381L101	29	800	SH		SOLE	3	800	0	0
AVNET	COM	053807103	174	3,900	SH		SOLE	3	3,900	0	0
AVON PRODS	COM	054303102	93	11,600	SH		SOLE	3	11,600	0	0
AXIS CAPITAL HOLDINGS	SHS	G0692U109	150	2,900	SH		SOLE	3	2,900	0	0
B/E AEROSPACE	COM	073302101	146	2,300	SH		SOLE	3	2,300	0	0
BAKER HUGHES	COM	057224107	630	9,904	SH		SOLE	3	9,904	0	0
BALL	COM	058498106	226	3,200	SH		SOLE	3	3,200	0	0
BANCO DE CHILE	ADR	059520106	109	1,625	SH		SOLE	3	1,625	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	1,205	55,600	SH		SOLE	3	55,600	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	35	1,600	SH		SOLE	3	1,600	0	0
BANK AMER	COM	060505104	5,462	354,900	SH		OTR	3	354,900	0	0
BANK AMER	COM	060505104	3,768	244,814	SH		SOLE	3	244,814	0	0
BANK NEW YORK MELLON	COM	064058100	1,045	25,971	SH		SOLE	3	25,971	0	0
BARD C R	COM	067383109	770	4,600	SH		SOLE	3	4,600	0	0
BAXTER INTL	COM	071813109	849	12,400	SH		SOLE	3	12,400	0	0
BB&T	COM	054937107	647	16,600	SH		SOLE	3	16,600	0	0
BECTON DICKINSON &	COM	075887109	8,186	57,010	SH		OTR	3	57,010	0	0
BECTON DICKINSON &	COM	075887109	2,113	14,717	SH		SOLE	3	14,717	0	0
BED BATH & BEYOND	COM	075896100	852	11,100	SH		SOLE	3	11,100	0	0
BERKLEY W R	COM	084423102	308	6,100	SH		SOLE	3	6,100	0	0
BEST BUY	COM	086516101	265	7,000	SH		SOLE	3	7,000	0	0
BIOGEN	COM	09062X103	5,498	13,020	SH		OTR	3	13,020	0	0
BIOGEN	COM	09062X103	2,335	5,530	SH		SOLE	3	5,530	0	0
BIOMARIN PHARMACEUTICAL	COM	09061G101	474	3,800	SH		SOLE	3	3,800	0	0
BIOMED REALTY TRUST	COM	09063H107	239,534	10,570,794	SH		OTR	3	10,570,794	0	0
BIOMED REALTY TRUST	COM	09063H107	154	6,800	SH		SOLE	3	6,800	0	0
BLACKROCK	COM	09247X101	19,784	54,078	SH		OTR	3	54,078	0	0
BLACKROCK	COM	09247X101	6,457	17,650	SH		SOLE	3	17,650	0	0
BLOCK H & R	COM	093671105	224	7,000	SH		SOLE	3	7,000	0	0
BOEING	COM	097023105	11,586	77,200	SH		SOLE	3	77,200	0	0
BORGWARNER	COM	099724106	327	5,400	SH		SOLE	3	5,400	0	0
BOSTON PROPERTIES	COM	101121101	182,056	1,295,960	SH		OTR	3	1,295,960	0	0
BOSTON PROPERTIES	COM	101121101	2,051	14,600	SH		SOLE	3	14,600	0	0
BOSTON SCIENTIFIC	COM	101137107	555	31,247	SH		SOLE	3	31,247	0	0
BPZ RESOURCES INC	MTNF 6.500% 3/0 DELETED	055639AB4	74	463,000	PRN		DFND	5,1,2	463,000	0	0
BRF SA	ADR	10552T107	77	3,900	SH		SOLE	3	3,900	0	0
BRF SA	ADR	10552T107	10,286	520,000	SH		SOLE	3	520,000	0	0
BRISTOL MYERS SQUIBB	COM	110122108	9,856	152,800	SH		OTR	3	152,800	0	0
BRISTOL MYERS SQUIBB	COM	110122108	2,483	38,500	SH		SOLE	3	38,500	0	0
BRIXMOR PPTY GROUP	COM	11120U105	125	4,700	SH		SOLE	3	4,700	0	0
BROADCOM	CL A	111320107	539	12,450	SH		SOLE	3	12,450	0	0
BUFFALO WILD WINGS	COM	119848109	4,531	25,000	SH		SOLE	3	25,000	0	0
BUNGE	COM	G16962105	296	3,600	SH		SOLE	3	3,600	0	0
C H ROBINSON WORLDWIDE	COM NEW	12541W209	622	8,500	SH		SOLE	3	8,500	0	0
CA	COM	12673P105	268	8,205	SH		SOLE	3	8,205	0	0
CABOT OIL & GAS	COM	127097103	283	9,600	SH		SOLE	3	9,600	0	0
CALPINE	COM NEW	131347304	165	7,200	SH		SOLE	3	7,200	0	0
CAMERON INTERNATIONAL	COM	13342B105	226	5,000	SH		SOLE	3	5,000	0	0
CAMPBELL SOUP	COM	134429109	233	5,000	SH		SOLE	3	5,000	0	0
CAMPUS CREST CMNTYS	COM	13466Y105	15	2,100	SH		SOLE	3	2,100	0	0
CAPITAL ONE FINL	COM	14040H105	1,029	13,054	SH		SOLE	3	13,054	0	0
CARDINAL HEALTH	COM	14149Y108	289	3,200	SH		OTR	3	3,200	0	0
CARDINAL HEALTH	COM	14149Y108	695	7,700	SH		SOLE	3	7,700	0	0
CARETRUST REIT	COM	14174T107	12	906	SH		SOLE	3	906	0	0
CARMAX	COM	143130102	2,436	35,300	SH		OTR	3	35,300	0	0
CARMAX	COM	143130102	352	5,100	SH		SOLE	3	5,100	0	0
CATERPILLAR INC	COM	149123101	2,641	33,000	SH		OTR	3	33,000	0	0
CATERPILLAR INC	COM	149123101	1,056	13,200	SH		SOLE	3	13,200	0	0
CBL & ASSOC PPTYS	COM	124830100	116	5,845	SH		SOLE	3	5,845	0	0
CBRE GROUP	CL A	12504L109	11,280	291,390	SH		OTR	3	291,390	0	0
CBRE GROUP	CL A	12504L109	283	7,300	SH		SOLE	3	7,300	0	0
CEDAR REALTY TRUST	COM NEW	150602209	18	2,400	SH		SOLE	3	2,400	0	0
CELGENE	COM	151020104	1,696	14,710	SH		OTR	3	14,710	0	0
CELGENE	COM	151020104	6,167	53,500	SH		SOLE	3	53,500	0	0
CENCOSUD S A	SPONSORED ADS	15132H101	14	2,000	SH		SOLE	3	2,000	0	0
CENTERPOINT ENERGY	COM	15189T107	204	10,000	SH		SOLE	3	10,000	0	0
CENTURYLINK	COM	156700106	468	13,542	SH		SOLE	3	13,542	0	0
CERNER	COM	156782104	520	7,100	SH		SOLE	3	7,100	0	0
CF INDS HLDGS	COM	125269100	340	1,200	SH		SOLE	3	1,200	0	0
CHAMBERS STR	COM	157842105	63	8,000	SH		SOLE	3	8,000	0	0
CHATHAM LODGING	COM	16208T102	38	1,300	SH		SOLE	3	1,300	0	0
CHENIERE ENERGY	COM NEW	16411R208	426	5,500	SH		SOLE	3	5,500	0	0
CHESAPEAKE ENERGY	COM	165167107	1,341	94,700	SH		OTR	3	94,700	0	0
CHESAPEAKE ENERGY	COM	165167107	185	13,100	SH		SOLE	3	13,100	0	0
CHEVRON CORP	COM	166764100	168	1,600	SH		OTR	3	1,600	0	0
CHEVRON CORP	COM	166764100	4,632	44,118	SH		SOLE	3	44,118	0	0
CHICAGO BRIDGE & IRON CO N	COM	167250109	113	2,300	SH		SOLE	3	2,300	0	0
CHINA TELECOM CORP LTD SPON ADR	SHS	169426103	71	1,105	SH		DFND	2	1,105	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	1,151	1,770	SH		SOLE	3	1,770	0	0
CHUBB	COM	171232101	1,410	13,950	SH		SOLE	3	13,950	0	0
CHURCH & DWIGHT	COM	171340102	760	8,900	SH		SOLE	3	8,900	0	0
CIGNA	COM	125509109	2,006	15,500	SH		SOLE	3	15,500	0	0
CIMAREX ENERGY	COM	171798101	242	2,100	SH		SOLE	3	2,100	0	0
CINCINNATI FINL	COM	172062101	203	3,815	SH		SOLE	3	3,815	0	0
CINTAS	COM	172908105	2,000	24,500	SH		SOLE	3	24,500	0	0
CISCO SYS	COM	17275R102	10,810	392,720	SH		OTR	3	392,720	0	0
CISCO SYS	COM	17275R102	3,289	119,500	SH		SOLE	3	119,500	0	0
CIT GROUP	COM NEW	125581801	199	4,400	SH		SOLE	3	4,400	0	0
CITIGROUP	COM NEW	172967424	4,843	94,000	SH		OTR	3	94,000	0	0
CITIGROUP	COM NEW	172967424	3,617	70,203	SH		SOLE	3	70,203	0	0
CITRIX SYS	COM	177376100	255	4,000	SH		SOLE	3	4,000	0	0
CLEAN ENERGY FUELS	COM	184499101	78	750	SH		DFND	5,1,2	750	0	0
CLEAN ENERGY FUELS	COM	184499101	310	1,000	SH		DFND	5,1,2	1,000	0	0
CLEAN ENERGY FUELS	COM	184499101	160	30,000	SH		DFND	5,1,2	30,000	0	0
CLOROX CO	COM	189054109	2,528	22,900	SH		SOLE	3	22,900	0	0
CME GROUP	COM	12572Q105	710	7,500	SH		SOLE	3	7,500	0	0
CMS ENERGY	COM	125896100	251	7,200	SH		OTR	3	7,200	0	0
CMS ENERGY	COM	125896100	524	15,000	SH		SOLE	3	15,000	0	0
COACH	COM	189754104	414	10,000	SH		SOLE	3	10,000	0	0
COBALT INTL ENERGY	COM	19075F106	74	7,900	SH		SOLE	3	7,900	0	0
COCA COLA	COM	191216100	4,166	102,733	SH		OTR	3	102,733	0	0
COCA COLA	COM	191216100	3,727	91,900	SH		SOLE	3	91,900	0	0
COCA COLA ENTERPRISES INC	COM	19122T109	243	5,500	SH		SOLE	3	5,500	0	0
COGNIZANT TECHNOLOGY	CL A	192446102	1,373	22,000	SH		SOLE	3	22,000	0	0
COLGATE PALMOLIVE	COM	194162103	1,449	20,900	SH		SOLE	3	20,900	0	0
COLUMBIA PPTY TR	COM NEW	198287203	113	4,200	SH		SOLE	3	4,200	0	0
COMCAST CORP	CL A	20030N101	2,844	50,370	SH		SOLE	3	50,370	0	0
COMERICA	COM	200340107	194	4,300	SH		SOLE	3	4,300	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	18	600	SH		SOLE	3	600	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	4,252	142,578	SH		SOLE	3	142,578	0	0
COMPANHIA DE SANEAMENTO BASI	ADR	20441A102	309	57,000	SH		SOLE	3	57,000	0	0
COMPANIA CERVECERIAS UNIDAS	ADR	204429104	27	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	209	3,200	SH		SOLE	3	3,200	0	0
CONAGRA FOODS	COM	205887102	387	10,600	SH		SOLE	3	10,600	0	0
CONCHO RES	COM	20605P101	325	2,800	SH		SOLE	3	2,800	0	0
CONOCOPHILLIPS	COM	20825C104	3,954	63,500	SH		SOLE	3	63,500	0	0
CONSOL ENERGY	COM	20854P109	162	5,800	SH		SOLE	3	5,800	0	0
CONSOLIDATED EDISON	COM	209115104	1,061	17,400	SH		SOLE	3	17,400	0	0
CONSTELLATION BRANDS	CL A	21036P108	2,336	20,100	SH		SOLE	3	20,100	0	0
CONTINENTAL RESOURCES	COM	212015101	92	2,100	SH		SOLE	3	2,100	0	0
COOPER COS	COM NEW	216648402	187	1,000	SH		SOLE	3	1,000	0	0
CORE LABORATORIES N	COM	N22717107	104	1,000	SH		SOLE	3	1,000	0	0
CORESITE RLTY	COM	21870Q105	39	800	SH		SOLE	3	800	0	0
CORNING	COM	219350105	855	37,700	SH		SOLE	3	37,700	0	0
CORRECTIONS CORP AMER	COM NEW	22025Y407	158	3,935	SH		SOLE	3	3,935	0	0
COSAN	SHS A	G25343107	76	12,000	SH		SOLE	3	12,000	0	0
COSTCO WHSL CORP	COM	22160K105	1,530	10,100	SH		SOLE	3	10,100	0	0
COUSINS PPTYS	COM	222795106	70,768	6,676,252	SH		OTR	3	6,676,252	0	0
COUSINS PPTYS	COM	222795106	73	6,863	SH		SOLE	3	6,863	0	0
COVANTA HLDG	COM	22282E102	159	7,100	SH		SOLE	3	7,100	0	0
CPFL ENERGIA S A	ADR	126153105	139	10,900	SH		SOLE	3	10,900	0	0
CREDICORP	COM	G2519Y108	56	400	SH		SOLE	3	400	0	0
CREE	COM	225447101	348	9,800	SH		SOLE	3	9,800	0	0
CROWN CASTLE INTL CORP	COM	22822V101	644	7,800	SH		SOLE	3	7,800	0	0
CROWN HOLDINGS	COM	228368106	184	3,400	SH		SOLE	3	3,400	0	0
CSX	COM	126408103	1,530	46,200	SH		SOLE	3	46,200	0	0
CUBESMART	COM	229663109	183,894	7,614,651	SH		OTR	3	7,614,651	0	0
CUBESMART	COM	229663109	133	5,500	SH		SOLE	3	5,500	0	0
CUMMINS	COM	231021106	555	4,000	SH		SOLE	3	4,000	0	0
CVS HEALTH	COM	126650100	317	3,075	SH		OTR	3	3,075	0	0
CVS HEALTH	COM	126650100	16,872	163,474	SH		SOLE	3	163,474	0	0
CYRUSONE	COM	23283R100	16,513	530,627	SH		OTR	3	530,627	0	0
CYRUSONE	COM	23283R100	37	1,200	SH		SOLE	3	1,200	0	0
D R HORTON	COM	23331A109	221	7,766	SH		SOLE	3	7,766	0	0
DANAHER CORP	COM	235851102	1,231	14,500	SH		SOLE	3	14,500	0	0
DARDEN RESTAURANTS	COM	237194105	562	8,100	SH		SOLE	3	8,100	0	0
DAVITA HEALTHCARE PARTNERS	COM	23918K108	341	4,200	SH		SOLE	3	4,200	0	0
DCT INDUSTRIAL TRUST	COM NEW	233153204	102	2,950	SH		SOLE	3	2,950	0	0
DDR	COM	23317H102	310,739	16,688,453	SH		OTR	3	16,688,453	0	0
DDR	COM	23317H102	215	11,558	SH		SOLE	3	11,558	0	0
DEERE &	COM	244199105	684	7,800	SH		SOLE	3	7,800	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	6,610	82,900	SH		OTR	3	82,900	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	558	7,000	SH		SOLE	3	7,000	0	0
DELTA AIR LINES INC	COM NEW	247361702	198	4,400	SH		SOLE	3	4,400	0	0
DENTSPLY INTL INC	COM	249030107	168	3,300	SH		SOLE	3	3,300	0	0
DEVON ENERGY CORP	COM	25179M103	66	1,100	SH		OTR	3	1,100	0	0
DEVON ENERGY CORP	COM	25179M103	555	9,200	SH		SOLE	3	9,200	0	0
DIAMOND OFFSHORE DRILLING	COM	25271C102	54	2,000	SH		SOLE	3	2,000	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	206,904	14,642,868	SH		OTR	3	14,642,868	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	94	6,642	SH		SOLE	3	6,642	0	0
DICKS SPORTING GOODS	COM	253393102	131	2,300	SH		SOLE	3	2,300	0	0
DIGITAL RLTY TR	COM	253868103	831	12,600	SH		SOLE	3	12,600	0	0
DIRECTV	COM	25490A309	930	10,933	SH		SOLE	3	10,933	0	0
DISCOVER FINL	COM	254709108	169	3,000	SH		OTR	3	3,000	0	0
DISCOVER FINL	COM	254709108	597	10,600	SH		SOLE	3	10,600	0	0
DISH NETWORK	CL A	25470M109	371	5,300	SH		SOLE	3	5,300	0	0
DOLLAR GEN CORP	COM	256677105	535	7,100	SH		SOLE	3	7,100	0	0
DOLLAR TREE	COM	256746108	1,095	13,500	SH		SOLE	3	13,500	0	0
DOMINION RES INC VA	COM	25746U109	1,198	16,900	SH		SOLE	3	16,900	0	0
DOUGLAS EMMETT	COM	25960P109	124,871	4,188,891	SH		OTR	3	4,188,891	0	0
DOUGLAS EMMETT	COM	25960P109	140	4,700	SH		SOLE	3	4,700	0	0
DOVER	COM	260003108	270	3,900	SH		SOLE	3	3,900	0	0
DOW CHEM	COM	260543103	1,324	27,600	SH		SOLE	3	27,600	0	0
DR PEPPER SNAPPLE GROUP	COM	26138E109	1,124	14,324	SH		SOLE	3	14,324	0	0
DTE ENERGY	COM	233331107	815	10,100	SH		SOLE	3	10,100	0	0
DU PONT E I DE NEMOURS &	COM	263534109	1,637	22,900	SH		SOLE	3	22,900	0	0
DUKE ENERGY CORP	COM NEW	26441C204	3,107	40,466	SH		SOLE	3	40,466	0	0
DUKE REALTY	COM NEW	264411505	701	32,200	SH		SOLE	3	32,200	0	0
DUN & BRADSTREET CORP DEL	COM	26483E100	128	1,000	SH		SOLE	3	1,000	0	0
DUNKIN BRANDS GROUP	COM	265504100	2,112	44,410	SH		OTR	3	44,410	0	0
DUPONT FABROS TECHNOLOGY	COM	26613Q106	72	2,200	SH		SOLE	3	2,200	0	0
E M C CORP	COM	268648102	1,201	47,000	SH		SOLE	3	47,000	0	0
EASTERLY GOVT PPTYS	COM	27616P103	6	400	SH		SOLE	3	400	0	0
EASTGROUP PPTY	COM	277276101	66	1,100	SH		SOLE	3	1,100	0	0
EASTMAN CHEM	COM	277432100	450	6,500	SH		SOLE	3	6,500	0	0
EATON CORP	SHS	G29183103	1,016	14,948	SH		SOLE	3	14,948	0	0
EBAY	COM	278642103	1,482	25,700	SH		SOLE	3	25,700	0	0
ECOLAB	COM	278865100	721	6,300	SH		SOLE	3	6,300	0	0
EDISON	COM	281020107	4,235	67,800	SH		OTR	3	67,800	0	0
EDISON	COM	281020107	1,137	18,200	SH		SOLE	3	18,200	0	0
EDUCATION RLTY TR	COM NEW	28140H203	143,754	4,063,156	SH		OTR	3	4,063,156	0	0
EDUCATION RLTY TR	COM NEW	28140H203	61	1,733	SH		SOLE	3	1,733	0	0
EDWARDS LIFESCIENCES	COM	28176E108	1,026	7,200	SH		SOLE	3	7,200	0	0
ELECTRONIC ARTS	COM	285512109	1,270	21,600	SH		SOLE	3	21,600	0	0
ELECTRONIC ARTS INC	NOTE 0.750% 7/1	285512AA7	18,530	10,000,000	PRN		DFND	5,1,2	10,000,000	0	0
EMBRAER S A SP ADR REP	COM	29082A107	25	800	SH		SOLE	3	800	0	0
EMBRAER S A SP ADR REP	COM	29082A107	4,533	147,400	SH		SOLE	3	147,400	0	0
EMERSON ELEC	COM	291011104	906	16,000	SH		SOLE	3	16,000	0	0
EMPIRE ST RLTY TR	CL A	292104106	62	3,300	SH		SOLE	3	3,300	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	23	500	SH		SOLE	3	500	0	0
EMPRESA NACIONAL DE ELCTRCID	ADR	29244T101	126	2,800	SH		SOLE	3	2,800	0	0
ENDO INTL	SHS	G30401106	368	4,100	SH		SOLE	3	4,100	0	0
ENERGEN	COM	29265N108	139	2,100	SH		SOLE	3	2,100	0	0
ENERGIZER HLDGS	COM	29266R108	207	1,500	SH		SOLE	3	1,500	0	0
ENERGY XXI LTD USD	SHS	G10082140	91	25,000	SH		DFND	5,1,2	25,000	0	0
ENERGY XXI LTD USD	SHS	G10082140	100	2,000	SH		DFND	5,1,2	2,000	0	0
ENERSIS S A	ADR	29274F104	28	1,700	SH		SOLE	3	1,700	0	0
ENERSYS	NOTE 3.375% 6/0	29275YAA0	34,676	21,500,000	PRN		DFND	5,1,2	21,500,000	0	0
ENSCO PLC	CLASS A	G3157S106	124	5,900	SH		SOLE	3	5,900	0	0
ENTERGY CORP	COM	29364G103	806	10,400	SH		SOLE	3	10,400	0	0
ENVESTNET	COM	29404K106	932	16,620	SH		OTR	3	16,620	0	0
EOG RES	COM	26875P101	1,183	12,900	SH		SOLE	3	12,900	0	0
EPR PPTYS CONV	PFD 9% SR E	26884U307	2,320	68,248	SH		OTR	3	0	0	0
EQT	COM	26884L109	290	3,500	SH		SOLE	3	3,500	0	0
EQUIFAX	COM	294429105	2,905	31,240	SH		OTR	3	31,240	0	0
EQUIFAX	COM	294429105	242	2,600	SH		SOLE	3	2,600	0	0
EQUITY	COM	294752100	69	2,600	SH		SOLE	3	2,600	0	0
EQUITY COMWLTH CUM	PFD S D 6.5%	294628201	1,013	41,315	SH		OTR	3	0	0	0
EQUITY COMWLTH CUM	PFD E 7.25%	294628409	2,454	94,150	SH		OTR	3	0	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	154	2,800	SH		SOLE	3	2,800	0	0
ESSEX PPTY TR	COM	297178105	323,564	1,407,413	SH		OTR	3	1,407,413	0	0
ESSEX PPTY TR	COM	297178105	1,424	6,193	SH		SOLE	3	6,193	0	0
EVEREST RE GROUP	COM	G3223R108	435	2,500	SH		SOLE	3	2,500	0	0
EVERSOURCE	COM	30040W108	949	18,780	SH		SOLE	3	18,780	0	0
EXCEL TR	COM	30068C109	28	2,000	SH		SOLE	3	2,000	0	0
EXELON	COM	30161N101	690	20,526	SH		SOLE	3	20,526	0	0
EXPEDIA INC	COM NEW	30212P303	5,137	54,575	SH		SOLE	3	54,575	0	0
EXPEDITORS INTL WASH	COM	302130109	226	4,700	SH		SOLE	3	4,700	0	0
EXPRESS SCRIPTS HLDG	COM	30219G108	1,470	16,945	SH		SOLE	3	16,945	0	0
EXTRA SPACE STORAGE	COM	30225T102	354,664	5,248,833	SH		OTR	3	5,248,833	0	0
EXTRA SPACE STORAGE	COM	30225T102	270	4,000	SH		SOLE	3	4,000	0	0
EXXON MOBIL	COM	30231G102	462	5,434	SH		OTR	3	5,434	0	0
EXXON MOBIL	COM	30231G102	8,456	99,481	SH		SOLE	3	99,481	0	0
F M C	COM NEW	302491303	195	3,400	SH		SOLE	3	3,400	0	0
F5 NETWORKS	COM	315616102	494	4,300	SH		SOLE	3	4,300	0	0
FACEBOOK	CL A	30303M102	7,547	91,808	SH		DFND	4	91,808	0	0
FACEBOOK	CL A	30303M102	10,625	129,238	SH		OTR	3	129,238	0	0
FACEBOOK	CL A	30303M102	3,831	46,600	SH		SOLE	3	46,600	0	0
FAIR ISAAC	COM	303250104	710	8,000	SH		SOLE	3	8,000	0	0
FAMILY DLR STORES	COM	307000109	198	2,500	SH		SOLE	3	2,500	0	0
FASTENAL	COM	311900104	290	7,000	SH		SOLE	3	7,000	0	0
FEDEX	COM	31428X106	2,664	16,100	SH		SOLE	3	16,100	0	0
FELCOR LODGING TR	COM	31430F101	43	3,700	SH		SOLE	3	3,700	0	0
FIAT CHRYSLER AUTOMOBILES	SHS	N31738102	3	654	SH		DFND	5,1,2	654	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	28	2,000	SH		SOLE	3	2,000	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	2,957	209,300	SH		SOLE	3	209,300	0	0
FIDELITY NATIONAL FINANCIAL FNF	COM	31620R303	545	14,838	SH		SOLE	3	14,838	0	0
FIDELITY NATL INFORMATION	COM	31620M106	9,646	141,729	SH		SOLE	3	141,729	0	0
FIFTH THIRD	COM	316773100	375	19,900	SH		SOLE	3	19,900	0	0
FIREEYE	COM	31816Q101	3,360	85,610	SH		DFND	4	85,610	0	0
FIREEYE	COM	31816Q101	67	1,700	SH		SOLE	3	1,700	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	89,047	4,155,240	SH		OTR	3	4,155,240	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	79	3,700	SH		SOLE	3	3,700	0	0
FIRST POTOMAC RLTY	COM	33610F109	24	2,000	SH		SOLE	3	2,000	0	0
FIRST REP BK SAN FRANCISCO	COM	33616C100	171	3,000	SH		SOLE	3	3,000	0	0
FIRST SOLAR	COM	336433107	221	3,700	SH		SOLE	3	3,700	0	0
FIRST TR ISE REVERE NAT	COM	33734J102	106	10,000	SH		DFND	1,2	10,000	0	0
FIRSTENERGY	COM	337932107	359	10,235	SH		SOLE	3	10,235	0	0
FISERV	COM	337738108	1,127	14,200	SH		SOLE	3	14,200	0	0
FLEETCOR TECHNOLOGIES	COM	339041105	272	1,800	SH		SOLE	3	1,800	0	0
FLEXTRONICS INTL	ORD	Y2573F102	181	14,300	SH		SOLE	3	14,300	0	0
FLIR SYS	COM	302445101	100	3,200	SH		SOLE	3	3,200	0	0
FLOWSERVE	COM	34354P105	198	3,500	SH		SOLE	3	3,500	0	0
FLUOR CORP	COM	343412102	206	3,600	SH		SOLE	3	3,600	0	0
FMC TECHNOLOGIES	COM	30249U101	218	5,900	SH		SOLE	3	5,900	0	0
FOOT LOCKER	COM	344849104	202	3,200	SH		SOLE	3	3,200	0	0
FOSSIL GROUP	COM	34988V106	124	1,500	SH		SOLE	3	1,500	0	0
FRANKLIN RES	COM	354613101	7,175	139,800	SH		OTR	3	139,800	0	0
FRANKLIN RES	COM	354613101	482	9,400	SH		SOLE	3	9,400	0	0
FRANKLIN STREET PPTYS	COM	35471R106	38	3,000	SH		SOLE	3	3,000	0	0
FRONTIER COMMUNICATIONS	COM	35906A108	170	24,063	SH		SOLE	3	24,063	0	0
GAMESTOP CORP	CL A	36467W109	121	3,200	SH		SOLE	3	3,200	0	0
GAMING & LEISURE PPTYS	COM	36467J108	114	3,100	SH		SOLE	3	3,100	0	0
GAP INC	COM	364760108	866	20,000	SH		DFND	4	20,000	0	0
GAP INC	COM	364760108	247	5,700	SH		SOLE	3	5,700	0	0
GARMIN	SHS	H2906T109	133	2,800	SH		SOLE	3	2,800	0	0
GENERAL DYNAMICS	COM	369550108	68	500	SH		OTR	3	500	0	0
GENERAL DYNAMICS	COM	369550108	909	6,700	SH		SOLE	3	6,700	0	0
GENERAL ELECTRIC	COM	369604103	307	12,400	SH		DFND	4	12,400	0	0
GENERAL ELECTRIC	COM	369604103	270	10,900	SH		OTR	3	10,900	0	0
GENERAL ELECTRIC	COM	369604103	6,011	242,300	SH		SOLE	3	242,300	0	0
GENERAL GROWTH PPTYS INC	COM	370023103	1,654	55,978	SH		SOLE	3	55,978	0	0
GENERAL MLS	COM	370334104	108	1,900	SH		OTR	3	1,900	0	0
GENERAL MLS	COM	370334104	798	14,100	SH		SOLE	3	14,100	0	0
GENERAL MTRS	COM	37045V100	529	14,110	SH		DFND	4	14,110	0	0
GENERAL MTRS	COM	37045V100	10,991	293,100	SH		OTR	3	293,100	0	0
GENERAL MTRS	COM	37045V100	1,496	39,900	SH		SOLE	3	39,900	0	0
GENUINE PARTS	COM	372460105	335	3,600	SH		SOLE	3	3,600	0	0
GENWORTH FINL INC	CL A	37247D106	83	11,400	SH		SOLE	3	11,400	0	0
GEO GROUP INC	COM	36162J106	109	2,500	SH		SOLE	3	2,500	0	0
GETTY RLTY CORP	COM	374297109	15	800	SH		SOLE	3	800	0	0
GILEAD SCIENCES	COM	375558103	7,084	72,194	SH		DFND	4	72,194	0	0
GILEAD SCIENCES	COM	375558103	137	1,400	SH		OTR	3	1,400	0	0
GILEAD SCIENCES	COM	375558103	9,263	94,400	SH		SOLE	3	94,400	0	0
GLADSTONE COML	COM	376536108	11	600	SH		SOLE	3	600	0	0
GOGO	COM	38046C109	30	865	SH		DFND	5,1,2	865	0	0
GOGO	COM	38046C109	95	5,000	SH		DFND	5,1,2	5,000	0	0
GOLDMAN SACHS GROUP	COM	38141G104	1,748	9,300	SH		SOLE	3	9,300	0	0
GOODRICH PETE	COM NEW	382410405	12	2,452	SH		DFND	5,1,2	2,452	0	0
GOOGLE	CL A	38259P508	786	1,435	SH		DFND	4	1,435	0	0
GOOGLE	CL A	38259P508	3,661	6,600	SH		SOLE	3	6,600	0	0
GOPRO	CL A	38268T103	975	22,476	SH		DFND	4	22,476	0	0
GRAINGER W W	COM	384802104	330	1,400	SH		SOLE	3	1,400	0	0
GRAMERCY PPTY TR	COM NEW	38489R605	40	1,425	SH		SOLE	3	1,425	0	0
GRUPO AEROPORTUARIO CTR NORT	ADR	400501102	856	22,000	SH		SOLE	3	22,000	0	0
GRUPO TELEVISA SA SPON ADR	ORD	40049J206	188	5,700	SH		SOLE	3	5,700	0	0
HALLIBURTON	COM	406216101	7,893	179,880	SH		OTR	3	179,880	0	0
HALLIBURTON	COM	406216101	2,124	48,400	SH		SOLE	3	48,400	0	0
HANESBRANDS	COM	410345102	214	6,400	SH		OTR	3	6,400	0	0
HANESBRANDS	COM	410345102	781	23,300	SH		SOLE	3	23,300	0	0
HARLEY DAVIDSON	COM	412822108	5,298	87,219	SH		OTR	3	87,219	0	0
HARLEY DAVIDSON	COM	412822108	316	5,200	SH		SOLE	3	5,200	0	0
HARRIS CORP	COM	413875105	205	2,600	SH		SOLE	3	2,600	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	197	4,700	SH		OTR	3	4,700	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	422	10,100	SH		SOLE	3	10,100	0	0
HASBRO	COM	418056107	183	2,900	SH		SOLE	3	2,900	0	0
HAWAIIAN HOLDINGS	COM	419879101	4,846	220,000	SH		SOLE	3	220,000	0	0
HCA HOLDINGS	COM	40412C101	3,242	43,100	SH		OTR	3	43,100	0	0
HCA HOLDINGS	COM	40412C101	527	7,000	SH		SOLE	3	7,000	0	0
HCP	COM	40414L109	62,472	1,445,774	SH		OTR	3	1,445,774	0	0
HCP	COM	40414L109	1,841	42,600	SH		SOLE	3	42,600	0	0
HDFC BANK LTD ADR REPS	SHS	40415F101	811	13,770	SH		OTR	3	13,770	0	0
HEALTH CARE REIT	COM	42217K106	654,901	8,465,622	SH		OTR	3	8,465,622	0	0
HEALTH CARE REIT	COM	42217K106	2,777	35,900	SH		SOLE	3	35,900	0	0
HEALTH NET	COM	42222G108	4,742	78,400	SH		OTR	3	78,400	0	0
HEALTHCARE RLTY	COM	421946104	94	3,400	SH		SOLE	3	3,400	0	0
HEALTHWAYS INC	NOTE 1.500% 7/0	422245AB6	6,980	6,000,000	PRN		DFND	5,1,2	6,000,000	0	0
HELMERICH & PAYNE	COM	423452101	177	2,600	SH		SOLE	3	2,600	0	0
HERBALIFE LTD COM	SHS	G4412G101	7,752	181,300	SH		DFND	5,1,2	181,300	0	0
HERSHEY	COM	427866108	353	3,500	SH		SOLE	3	3,500	0	0
HERTZ GLOBAL HOLDINGS	COM	42805T105	225	10,400	SH		SOLE	3	10,400	0	0
HESS	COM	42809H107	2,118	31,200	SH		SOLE	3	31,200	0	0
HEWLETT PACKARD	COM	428236103	112	3,600	SH		OTR	3	3,600	0	0
HEWLETT PACKARD	COM	428236103	1,349	43,300	SH		SOLE	3	43,300	0	0
HEXCEL CORP	COM	428291108	247	4,800	SH		SOLE	3	4,800	0	0
HIGHWOODS PPTYS	COM	431284108	142	3,100	SH		SOLE	3	3,100	0	0
HILTON WORLDWIDE HLDGS	COM	43300A104	9,123	308,010	SH		OTR	3	308,010	0	0
HILTON WORLDWIDE HLDGS	COM	43300A104	5,894	199,000	SH		SOLE	3	199,000	0	0
HOLLYFRONTIER	COM	436106108	193	4,800	SH		SOLE	3	4,800	0	0
HOLOGIC	COM	436440101	178	5,400	SH		SOLE	3	5,400	0	0
HOLOGIC INC	FRNT 2.000%12/1	436440AB7	9,579	6,500,000	PRN		DFND	5,1,2	6,500,000	0	0
HOME DEPOT	COM	437076102	216	1,900	SH		OTR	3	1,900	0	0
HOME DEPOT	COM	437076102	24,682	217,250	SH		SOLE	3	217,250	0	0
HOME PROPERTIES	COM	437306103	260,609	3,761,137	SH		OTR	3	3,761,137	0	0
HOME PROPERTIES	COM	437306103	139	2,000	SH		SOLE	3	2,000	0	0
HONEYWELL INTL	COM	438516106	2,472	23,700	SH		SOLE	3	23,700	0	0
HORMEL FOODS	COM	440452100	182	3,200	SH		SOLE	3	3,200	0	0
HOSPIRA	COM	441060100	344	3,920	SH		SOLE	3	3,920	0	0
HOST HOTELS & RESORTS	COM	44107P104	419,235	20,774,780	SH		OTR	3	20,774,780	0	0
HOST HOTELS & RESORTS	COM	44107P104	924	45,808	SH		SOLE	3	45,808	0	0
HUDSON CITY	COM	443683107	167	15,900	SH		SOLE	3	15,900	0	0
HUDSON PAC PPTYS	COM	444097109	76	2,300	SH		SOLE	3	2,300	0	0
HUMANA	COM	444859102	1,567	8,800	SH		SOLE	3	8,800	0	0
HUNT J B TRANS SVCS	COM	445658107	196	2,300	SH		SOLE	3	2,300	0	0
HUNTINGTON BANCSHARES	COM	446150104	202	18,300	SH		OTR	3	18,300	0	0
HUNTINGTON BANCSHARES	COM	446150104	197	17,800	SH		SOLE	3	17,800	0	0
ICICI BK	ADR	45104G104	4,514	435,720	SH		OTR	3	435,720	0	0
ICICI BK	ADR	45104G104	5,830	562,700	SH		SOLE	3	562,700	0	0
IHS	CL A	451734107	171	1,500	SH		SOLE	3	1,500	0	0
ILLINOIS TOOL WKS	COM	452308109	835	8,600	SH		SOLE	3	8,600	0	0
ILLUMINA	COM	452327109	631	3,400	SH		SOLE	3	3,400	0	0
INCYTE	COM	45337C102	339	3,700	SH		SOLE	3	3,700	0	0
INDEPENDENCE RLTY TR	COM	45378A106	8	800	SH		SOLE	3	800	0	0
INFOSYS LTD	ADR	456788108	596	17,000	SH		SOLE	3	17,000	0	0
INFOSYS LTD	ADR	456788108	2,691	76,700	SH		SOLE	3	76,700	0	0
INGERSOLL-RAND	SHS	G47791101	432	6,344	SH		SOLE	3	6,344	0	0
INLAND REAL ESTATE	COM NEW	457461200	33	3,100	SH		SOLE	3	3,100	0	0
INLAND REAL ESTATE CORP	REDM PFD SER B	457461507	6,211	243,900	SH		OTR	3	0	0	0
INTEGRYS ENERGY GROUP	COM	45822P105	331	4,600	SH		SOLE	3	4,600	0	0
INTEL	COM	458140100	4,262	136,300	SH		OTR	3	136,300	0	0
INTEL	COM	458140100	3,534	113,000	SH		SOLE	3	113,000	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	16	69	SH		DFND	1,2	69	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	619	2,655	SH		SOLE	3	2,655	0	0
INTERNATIONAL	COM	459506101	235	2,000	SH		SOLE	3	2,000	0	0
INTERNATIONAL BUSINESS	COM	459200101	3,683	22,950	SH		SOLE	3	22,950	0	0
INTERPUBLIC GROUP COS	COM	460690100	5,565	251,600	SH		OTR	3	251,600	0	0
INTERPUBLIC GROUP COS	COM	460690100	228	10,300	SH		SOLE	3	10,300	0	0
INTL PAPER	COM	460146103	516	9,300	SH		SOLE	3	9,300	0	0
INTUITIVE SURGICAL	COM NEW	46120E602	429	850	SH		SOLE	3	850	0	0
INVESCO	SHS	G491BT108	4,220	106,330	SH		OTR	3	106,330	0	0
INVESCO	SHS	G491BT108	18,152	457,350	SH		SOLE	3	457,350	0	0
IROBOT	COM	462726100	2,259	69,249	SH		DFND	4	69,249	0	0
IRON MTN INC	COM	46284V101	384	10,528	SH		SOLE	3	10,528	0	0
ISHARES TR	18 AMT-FREE ETF	46429B580	7,220	225,000	SH		DFND	4	225,000	0	0
ISHARES TR	MSCI UAE ETF	46434V761	143	7,900	SH		SOLE	3	7,900	0	0
ISHARES TR	MSCI QATAR ETF	46434V779	189	8,200	SH		SOLE	3	8,200	0	0
ISIS PHARMACEUTICALS	COM	464330109	146	2,300	SH		SOLE	3	2,300	0	0
ITC HLDGS	COM	465685105	311	8,300	SH		SOLE	3	8,300	0	0
ITRON	COM	465741106	1,610	44,100	SH		OTR	3	44,100	0	0
JACOBS ENGR GROUP INC	COM	469814107	145	3,200	SH		SOLE	3	3,200	0	0
JAKKS PAC	COM	47012E106	2	300	SH		DFND	5,1,2	300	0	0
JARDEN	COM	471109108	212	4,000	SH		SOLE	3	4,000	0	0
JOHNSON &	COM	478160104	141	1,400	SH		OTR	3	1,400	0	0
JOHNSON &	COM	478160104	6,630	65,900	SH		SOLE	3	65,900	0	0
JOHNSON CTLS	COM	478366107	782	15,500	SH		SOLE	3	15,500	0	0
JOY GLOBAL	COM	481165108	121	3,100	SH		SOLE	3	3,100	0	0
JPMORGAN CHASE &	COM	46625H100	273	4,500	SH		OTR	3	4,500	0	0
JPMORGAN CHASE &	COM	46625H100	4,271	70,500	SH		OTR	3	70,500	0	0
JPMORGAN CHASE &	COM	46625H100	5,290	87,320	SH		SOLE	3	87,320	0	0
JUNIPER NETWORKS	COM	48203R104	208	9,200	SH		SOLE	3	9,200	0	0
KANSAS CITY	COM NEW	485170302	265	2,600	SH		SOLE	3	2,600	0	0
KATE SPADE &	COM	485865109	1,183	35,444	SH		DFND	4	35,444	0	0
KELLOGG	COM	487836108	415	6,300	SH		SOLE	3	6,300	0	0
KEURIG GREEN MTN	COM	49271M100	302	2,700	SH		SOLE	3	2,700	0	0
KEYCORP	COM	493267108	292	20,600	SH		SOLE	3	20,600	0	0
KILROY RLTY	COM	49427F108	314,027	4,122,714	SH		OTR	3	4,122,714	0	0
KILROY RLTY	COM	49427F108	251	3,300	SH		SOLE	3	3,300	0	0
KIMBERLY CLARK	COM	494368103	921	8,600	SH		SOLE	3	8,600	0	0
KIMCO RLTY	COM	49446R109	64,238	2,392,464	SH		OTR	3	2,392,464	0	0
KIMCO RLTY	COM	49446R109	1,104	41,100	SH		SOLE	3	41,100	0	0
KINDER MORGAN INC	COM	49456B101	1,753	41,677	SH		SOLE	3	41,677	0	0
KITE RLTY GROUP	COM NEW	49803T300	80	2,825	SH		SOLE	3	2,825	0	0
KLA-TENCOR	COM	482480100	233	4,000	SH		SOLE	3	4,000	0	0
KOHLS	COM	500255104	383	4,900	SH		SOLE	3	4,900	0	0
KRAFT FOODS GROUP	COM	50076Q106	2,831	32,503	SH		SOLE	3	32,503	0	0
KROGER	COM	501044101	268	3,500	SH		OTR	3	3,500	0	0
KROGER	COM	501044101	10,502	137,000	SH		SOLE	3	137,000	0	0
L BRANDS	COM	501797104	5,047	53,530	SH		OTR	3	53,530	0	0
L BRANDS	COM	501797104	547	5,800	SH		SOLE	3	5,800	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	270	2,150	SH		OTR	3	2,150	0	0
L-3 COMMUNICATIONS HLDGS	COM	502424104	239	1,900	SH		SOLE	3	1,900	0	0
LABORATORY CORP AMER	COM NEW	50540R409	290	2,300	SH		SOLE	3	2,300	0	0
LAM RESEARCH	COM	512807108	822	11,700	SH		SOLE	3	11,700	0	0
LAS VEGAS SANDS	COM	517834107	215	3,900	SH		OTR	3	3,900	0	0
LAS VEGAS SANDS	COM	517834107	512	9,300	SH		SOLE	3	9,300	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	26	3,200	SH		SOLE	3	3,200	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	75	9,287	SH		SOLE	3	9,287	0	0
LAUDER ESTEE COS	CL A	518439104	7,963	95,757	SH		OTR	3	95,757	0	0
LAUDER ESTEE COS	CL A	518439104	457	5,500	SH		SOLE	3	5,500	0	0
LEGG MASON	COM	524901105	4,715	85,420	SH		OTR	3	85,420	0	0
LEGG MASON	COM	524901105	163	2,950	SH		SOLE	3	2,950	0	0
LEGGETT & PLATT	COM	524660107	429	9,300	SH		SOLE	3	9,300	0	0
LENNAR	CL A	526057104	202	3,900	SH		SOLE	3	3,900	0	0
LEUCADIA NATL	COM	527288104	172	7,700	SH		SOLE	3	7,700	0	0
LEVEL 3 COMMUNICATIONS	COM NEW	52729N308	355	6,600	SH		SOLE	3	6,600	0	0
LEXINGTON REALTY	COM	529043101	70	7,146	SH		SOLE	3	7,146	0	0
LIBERTY GLOBAL PLC	CL A	G5480U104	304	5,903	SH		SOLE	3	5,903	0	0
LIBERTY MEDIA CORP	CL A	531229102	89	2,300	SH		SOLE	3	2,300	0	0
LILLY ELI &	COM	532457108	5,795	79,770	SH		OTR	3	79,770	0	0
LILLY ELI &	COM	532457108	4,156	57,200	SH		SOLE	3	57,200	0	0
LINCOLN NATL CORP	COM	534187109	5,614	97,710	SH		OTR	3	97,710	0	0
LINCOLN NATL CORP	COM	534187109	353	6,149	SH		SOLE	3	6,149	0	0
LINEAR TECHNOLOGY	COM	535678106	17,887	382,200	SH		SOLE	3	382,200	0	0
LINKEDIN CORP	CL A	53578A108	2,466	9,870	SH		DFND	4	9,870	0	0
LINKEDIN CORP	CL A	53578A108	650	2,600	SH		SOLE	3	2,600	0	0
LIVE NATION ENTERTAINMENT	COM	538034109	1,940	76,900	SH		OTR	3	76,900	0	0
LKQ	COM	501889208	174	6,800	SH		SOLE	3	6,800	0	0
LOCKHEED MARTIN	COM	539830109	1,299	6,400	SH		SOLE	3	6,400	0	0
LOEWS	COM	540424108	318	7,800	SH		SOLE	3	7,800	0	0
LORILLARD	COM	544147101	542	8,300	SH		SOLE	3	8,300	0	0
LOWES COS	COM	548661107	34,405	462,500	SH		SOLE	3	462,500	0	0
LTC PPTYS	COM	502175102	55	1,200	SH		SOLE	3	1,200	0	0
LULULEMON ATHLETICA	COM	550021109	499	7,800	SH		SOLE	3	7,800	0	0
M & T BK	COM	55261F104	381	3,000	SH		SOLE	3	3,000	0	0
MACERICH	COM	554382101	336,380	3,988,854	SH		OTR	3	3,988,854	0	0
MACERICH	COM	554382101	1,201	14,245	SH		SOLE	3	14,245	0	0
MACK CALI RLTY	COM	554489104	54	2,800	SH		SOLE	3	2,800	0	0
MACYS	COM	55616P104	519	7,998	SH		SOLE	3	7,998	0	0
MALLINCKRODT PUB LTD	SHS	G5785G107	887	7,000	SH		SOLE	3	7,000	0	0
MANPOWERGROUP	COM	56418H100	767	8,900	SH		SOLE	3	8,900	0	0
MARATHON OIL	COM	565849106	423	16,200	SH		SOLE	3	16,200	0	0
MARATHON PETE	COM	56585A102	72	700	SH		OTR	3	700	0	0
MARATHON PETE	COM	56585A102	2,923	28,550	SH		SOLE	3	28,550	0	0
MARKIT	SHS	G58249106	1,790	66,560	SH		OTR	3	66,560	0	0
MARRIOTT INTL INC	CL A	571903202	2,190	27,267	SH		SOLE	3	27,267	0	0
MARSH & MCLENNAN COS	COM	571748102	696	12,400	SH		SOLE	3	12,400	0	0
MARTIN MARIETTA MATLS	COM	573284106	182	1,300	SH		SOLE	3	1,300	0	0
MARVELL TECHNOLOGY GROUP	ORD	G5876H105	131	8,900	SH		SOLE	3	8,900	0	0
MASCO	COM	574599106	238	8,900	SH		SOLE	3	8,900	0	0
MASTERCARD	CL A	57636Q104	5,265	60,950	SH		OTR	3	60,950	0	0
MASTERCARD	CL A	57636Q104	4,777	55,300	SH		SOLE	3	55,300	0	0
MATTEL	COM	577081102	194	8,500	SH		SOLE	3	8,500	0	0
MAXIM INTEGRATED PRODS	COM	57772K101	230	6,600	SH		SOLE	3	6,600	0	0
MCDONALDS	COM	580135101	156	1,597	SH		OTR	3	1,597	0	0
MCDONALDS	COM	580135101	2,183	22,400	SH		SOLE	3	22,400	0	0
MCGRAW HILL FINL	COM	580645109	672	6,500	SH		SOLE	3	6,500	0	0
MCKESSON	COM	58155Q103	7,840	34,660	SH		OTR	3	34,660	0	0
MCKESSON	COM	58155Q103	1,233	5,450	SH		SOLE	3	5,450	0	0
MDU RES GROUP	COM	552690109	96	4,500	SH		SOLE	3	4,500	0	0
MEAD JOHNSON NUTRITION	COM	582839106	472	4,700	SH		SOLE	3	4,700	0	0
MEADWESTVACO	COM	583334107	474	9,500	SH		SOLE	3	9,500	0	0
MEDICAL PPTYS TRUST	COM	58463J304	103	7,000	SH		SOLE	3	7,000	0	0
MEDIVATION	COM	58501N101	594	4,600	SH		SOLE	3	4,600	0	0
MEDTRONIC	SHS	G5960L103	142	1,816	SH		OTR	3	1,816	0	0
MEDTRONIC	SHS	G5960L103	6,149	78,844	SH		SOLE	3	78,844	0	0
MERCK & CO INC	COM	58933Y105	10,619	184,740	SH		OTR	3	184,740	0	0
MERCK & CO INC	COM	58933Y105	3,814	66,358	SH		SOLE	3	66,358	0	0
METLIFE	COM	59156R108	1,147	22,700	SH		SOLE	3	22,700	0	0
METTLER TOLEDO	COM	592688105	592	1,800	SH		SOLE	3	1,800	0	0
MGM RESORTS	COM	552953101	206	9,800	SH		SOLE	3	9,800	0	0
MICHAEL KORS HLDGS	SHS	G60754101	3,361	51,130	SH		DFND	4	51,130	0	0
MICHAEL KORS HLDGS	SHS	G60754101	316	4,800	SH		SOLE	3	4,800	0	0
MICROCHIP TECHNOLOGY	COM	595017104	421	8,600	SH		SOLE	3	8,600	0	0
MICROCHIP TECHNOLOGY INC	SDCV 2.125%12/1	595017AB0	73,290	37,500,000	PRN		DFND	5,1,2	37,500,000	0	0
MICRON TECHNOLOGY	COM	595112103	893	32,900	SH		SOLE	3	32,900	0	0
MICROSOFT	COM	594918104	16,229	399,180	SH		OTR	3	399,180	0	0
MICROSOFT	COM	594918104	7,440	183,000	SH		SOLE	3	183,000	0	0
MID-AMER APT CMNTYS	COM	59522J103	221	2,856	SH		SOLE	3	2,856	0	0
MOBILE TELESYSTEMS OJSC	ADR	607409109	1,414	140,000	SH		OTR	3	140,000	0	0
MOBILE TELESYSTEMS OJSC	ADR	607409109	328	32,450	SH		SOLE	3	32,450	0	0
MOHAWK INDS	COM	608190104	1,077	5,800	SH		SOLE	3	5,800	0	0
MOLINA HEALTHCARE INC	NOTE 1.125% 1/1	60855RAC4	5,398	3,200,000	PRN		DFND	5,1,2	3,200,000	0	0
MOLYCORP INC	COM	608753109	72	187,500	SH		DFND	5,1,2	187,500	0	0
MONDELEZ INTL	CL A	609207105	6,766	187,480	SH		OTR	3	187,480	0	0
MONDELEZ INTL	CL A	609207105	1,419	39,311	SH		SOLE	3	39,311	0	0
MONMOUTH REAL ESTATE INVT	CL A	609720107	21	1,900	SH		SOLE	3	1,900	0	0
MONOGRAM RESIDENTIAL TR	COM	60979P105	49	5,300	SH		SOLE	3	5,300	0	0
MONSANTO CO	COM	61166W101	124	1,100	SH		OTR	3	1,100	0	0
MONSANTO CO	COM	61166W101	1,250	11,106	SH		SOLE	3	11,106	0	0
MONSTER BEVERAGE	COM	611740101	4,015	29,010	SH		OTR	3	29,010	0	0
MONSTER BEVERAGE	COM	611740101	1,259	9,100	SH		SOLE	3	9,100	0	0
MOODYS	COM	615369105	457	4,400	SH		SOLE	3	4,400	0	0
MORGAN	COM NEW	617446448	1,281	35,900	SH		SOLE	3	35,900	0	0
MOSAIC CO	COM	61945C103	345	7,500	SH		SOLE	3	7,500	0	0
MOTOROLA SOLUTIONS	COM NEW	620076307	368	5,513	SH		SOLE	3	5,513	0	0
MSCI	COM	55354G100	920	15,000	SH		SOLE	3	15,000	0	0
MURPHY OIL	COM	626717102	182	3,900	SH		SOLE	3	3,900	0	0
NABORS INDUSTRIES	SHS	G6359F103	93	6,800	SH		SOLE	3	6,800	0	0
NASDAQ OMX GROUP	COM	631103108	158	3,100	SH		SOLE	3	3,100	0	0
NATIONAL HEALTH INVS	COM	63633D104	78	1,100	SH		SOLE	3	1,100	0	0
NATIONAL OILWELL VARCO	COM	637071101	4,844	96,900	SH		OTR	3	96,900	0	0
NATIONAL OILWELL VARCO	COM	637071101	512	10,233	SH		SOLE	3	10,233	0	0
NATIONAL RETAIL PPTYS	COM	637417106	87,301	2,130,849	SH		OTR	3	2,130,849	0	0
NATIONAL RETAIL PPTYS	COM	637417106	184	4,500	SH		SOLE	3	4,500	0	0
NAVIENT	COM	63938C108	201	9,900	SH		SOLE	3	9,900	0	0
NETAPP	COM	64110D104	177	5,000	SH		OTR	3	5,000	0	0
NETAPP	COM	64110D104	262	7,400	SH		SOLE	3	7,400	0	0
NETFLIX	COM	64110L106	542	1,300	SH		SOLE	3	1,300	0	0
NETSUITE	COM	64118Q107	74	800	SH		SOLE	3	800	0	0
NEW SR INVT GROUP	COM	648691103	37	2,200	SH		SOLE	3	2,200	0	0
NEW YORK CMNTY BANCORP	COM	649445103	181	10,800	SH		SOLE	3	10,800	0	0
NEW YORK REIT	COM	64976L109	59	5,600	SH		SOLE	3	5,600	0	0
NEWELL RUBBERMAID	COM	651229106	266	6,800	SH		SOLE	3	6,800	0	0
NEWMONT MINING	COM	651639106	404	18,610	SH		DFND	4	18,610	0	0
NEWMONT MINING	COM	651639106	263	12,100	SH		SOLE	3	12,100	0	0
NEWS CORP	CL A	65249B109	146	9,137	SH		SOLE	3	9,137	0	0
NEXTERA ENERGY	COM	65339F101	256	2,462	SH		OTR	3	2,462	0	0
NEXTERA ENERGY	COM	65339F101	1,446	13,900	SH		SOLE	3	13,900	0	0
NIELSEN N	COM	N63218106	3,573	80,170	SH		OTR	3	80,170	0	0
NIELSEN N	COM	N63218106	339	7,600	SH		SOLE	3	7,600	0	0
NISOURCE	COM	65473P105	336	7,600	SH		SOLE	3	7,600	0	0
NOBLE ENERGY	COM	655044105	425	8,700	SH		SOLE	3	8,700	0	0
NORDSTROM	COM	655664100	289	3,600	SH		SOLE	3	3,600	0	0
NORFOLK SOUTHERN	COM	655844108	6,295	61,160	SH		OTR	3	61,160	0	0
NORFOLK SOUTHERN	COM	655844108	741	7,200	SH		SOLE	3	7,200	0	0
NORTHERN TR	COM	665859104	4,527	65,000	SH		OTR	3	65,000	0	0
NORTHERN TR	COM	665859104	376	5,400	SH		SOLE	3	5,400	0	0
NORTHROP GRUMMAN	COM	666807102	13,070	81,200	SH		SOLE	3	81,200	0	0
NORWEGIAN CRUISE LINE	SHS	G66721104	2,544	47,100	SH		SOLE	3	47,100	0	0
NOW	COM	67011P100	1,439	66,500	SH		OTR	3	66,500	0	0
NRG ENERGY	COM NEW	629377508	214	8,500	SH		SOLE	3	8,500	0	0
NRG YIELD INC	CL A	62942X108	208	4,100	SH		SOLE	3	4,100	0	0
NUANCE COMMUNICATIONS	COM	67020Y100	334	23,300	SH		DFND	4	23,300	0	0
NUANCE COMMUNICATIONS	COM	67020Y100	93	6,500	SH		SOLE	3	6,500	0	0
NUCOR	COM	670346105	361	7,600	SH		SOLE	3	7,600	0	0
NVIDIA	COM	67066G104	962	45,950	SH		SOLE	3	45,950	0	0
NXP SEMICONDUCTORS N	COM	N6596X109	6,356	63,330	SH		OTR	3	63,330	0	0
NXP SEMICONDUCTORS N	COM	N6596X109	100	1,000	SH		SOLE	3	1,000	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	3,135	14,500	SH		SOLE	3	14,500	0	0
OCCIDENTAL PETE CORP	COM	674599105	110	1,500	SH		OTR	3	1,500	0	0
OCCIDENTAL PETE CORP	COM	674599105	1,318	18,050	SH		SOLE	3	18,050	0	0
OCEANEERING INTL	COM	675232102	135	2,500	SH		SOLE	3	2,500	0	0
OGE ENERGY	COM	670837103	149	4,700	SH		SOLE	3	4,700	0	0
OMEGA HEALTHCARE INVS	COM	681936100	181,289	4,468,538	SH		OTR	3	4,468,538	0	0
OMEGA HEALTHCARE INVS	COM	681936100	191	4,700	SH		SOLE	3	4,700	0	0
OMNICARE	COM	681904108	447	5,800	SH		SOLE	3	5,800	0	0
OMNICOM GROUP	COM	681919106	444	5,700	SH		SOLE	3	5,700	0	0
ONE LIBERTY PPTYS	COM	682406103	12	500	SH		SOLE	3	500	0	0
ONEOK INC	COM	682680103	246	5,100	SH		SOLE	3	5,100	0	0
ORACLE	COM	68389X105	4,967	115,100	SH		OTR	3	115,100	0	0
ORACLE	COM	68389X105	3,551	82,283	SH		SOLE	3	82,283	0	0
OWENS ILL	COM NEW	690768403	126	5,400	SH		SOLE	3	5,400	0	0
PACCAR	COM	693718108	520	8,237	SH		SOLE	3	8,237	0	0
PALL	COM	696429307	642	6,400	SH		SOLE	3	6,400	0	0
PALO ALTO NETWORKS	COM	697435105	234	1,600	SH		SOLE	3	1,600	0	0
PANDORA MEDIA	COM	698354107	7,909	487,946	SH		DFND	4	487,946	0	0
PARAMOUNT GROUP	COM	69924R108	36	1,883	SH		OTR	3	1,883	0	0
PARKER HANNIFIN	COM	701094104	404	3,400	SH		SOLE	3	3,400	0	0
PARKWAY PPTYS	COM	70159Q104	49	2,800	SH		SOLE	3	2,800	0	0
PARTNERRE	COM	G6852T105	126	1,100	SH		SOLE	3	1,100	0	0
PATTERN ENERGY GROUP	CL A	70338P100	193	6,800	SH		SOLE	3	6,800	0	0
PATTERSON COMPANIES	COM	703395103	283	5,800	SH		SOLE	3	5,800	0	0
PAYCHEX	COM	704326107	392	7,900	SH		SOLE	3	7,900	0	0
PEBBLEBROOK HOTEL	COM	70509V100	106,616	2,289,363	SH		OTR	3	2,289,363	0	0
PEBBLEBROOK HOTEL	COM	70509V100	116	2,500	SH		SOLE	3	2,500	0	0
PENTAIR	SHS	G7S00T104	282	4,480	SH		SOLE	3	4,480	0	0
PEOPLES UNITED FINANCIAL	COM	712704105	111	7,300	SH		SOLE	3	7,300	0	0
PEPCO HOLDINGS	COM	713291102	150	5,600	SH		SOLE	3	5,600	0	0
PEPSICO	COM	713448108	8,021	83,885	SH		SOLE	3	83,885	0	0
PERFORMANT FINL	COM	71377E105	136	40,000	SH		DFND	5,1,2	40,000	0	0
PERFORMANT FINL	COM	71377E105	64	400	SH		DFND	5,1,2	400	0	0
PERRIGO CO	SHS	G97822103	546	3,300	SH		SOLE	3	3,300	0	0
PETROCHINA CO LTD SPONSORED	ADR	71646E100	28	251	SH		DFND	2	251	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	962	160,100	SH		SOLE	3	160,100	0	0
PFIZER	COM	717081103	139	3,983	SH		OTR	3	3,983	0	0
PFIZER	COM	717081103	5,136	147,621	SH		SOLE	3	147,621	0	0
PG&E	COM	69331C108	1,571	29,600	SH		SOLE	3	29,600	0	0
PHARMACYCLICS	COM	716933106	384	1,500	SH		SOLE	3	1,500	0	0
PHILIP MORRIS INTL	COM	718172109	2,734	36,300	SH		SOLE	3	36,300	0	0
PHILLIPS	COM	718546104	4,335	55,150	SH		SOLE	3	55,150	0	0
PHYSICIANS RLTY	COM	71943U104	14,446	820,314	SH		OTR	3	820,314	0	0
PHYSICIANS RLTY	COM	71943U104	37	2,100	SH		SOLE	3	2,100	0	0
PIEDMONT OFFICE REALTY TR IN	CL A	720190206	97	5,200	SH		SOLE	3	5,200	0	0
PINNACLE WEST CAP	COM	723484101	421	6,600	SH		SOLE	3	6,600	0	0
PIONEER NAT RES	COM	723787107	572	3,500	SH		SOLE	3	3,500	0	0
PLUM CREEK TIMBER CO	COM	729251108	191	4,400	SH		SOLE	3	4,400	0	0
PNC FINL SVCS GROUP	COM	693475105	1,137	12,196	SH		SOLE	3	12,196	0	0
POLARIS INDS	COM	731068102	198	1,400	SH		SOLE	3	1,400	0	0
POST PPTYS	COM	737464107	108	1,900	SH		SOLE	3	1,900	0	0
PPG INDS	COM	693506107	722	3,200	SH		SOLE	3	3,200	0	0
PPL	COM	69351T106	518	15,400	SH		SOLE	3	15,400	0	0
PRAXAIR	COM	74005P104	839	6,950	SH		SOLE	3	6,950	0	0
PRECISION CASTPARTS	COM	740189105	779	3,710	SH		SOLE	3	3,710	0	0
PREFERRED APT CMNTYS	COM	74039L103	8	700	SH		SOLE	3	700	0	0
PRICE T ROWE GROUP	COM	74144T108	490	6,200	SH		SOLE	3	6,200	0	0
PRICELINE GRP	COM NEW	741503403	442	380	SH		DFND	4	380	0	0
PRICELINE GRP	COM NEW	741503403	2,969	2,550	SH		OTR	3	2,550	0	0
PRICELINE GRP	COM NEW	741503403	1,385	1,190	SH		SOLE	3	1,190	0	0
PRINCIPAL FINL GROUP	COM	74251V102	375	7,300	SH		SOLE	3	7,300	0	0
PROCTER & GAMBLE	COM	742718109	270	3,300	SH		OTR	3	3,300	0	0
PROCTER & GAMBLE	COM	742718109	5,165	63,037	SH		SOLE	3	63,037	0	0
PROGRESSIVE CORP	COM	743315103	364	13,400	SH		SOLE	3	13,400	0	0
PROLOGIS	COM	74340W103	538,572	12,363,906	SH		OTR	3	12,363,906	0	0
PROLOGIS	COM	74340W103	1,341	30,784	SH		SOLE	3	30,784	0	0
PRUDENTIAL FINL	COM	744320102	843	10,500	SH		SOLE	3	10,500	0	0
PS BUSINESS PKS INC	COM	69360J107	17,271	207,985	SH		OTR	3	207,985	0	0
PS BUSINESS PKS INC	COM	69360J107	50	600	SH		SOLE	3	600	0	0
PUBLIC	COM	74460D109	487,288	2,471,786	SH		OTR	3	2,471,786	0	0
PUBLIC	COM	74460D109	2,928	14,850	SH		SOLE	3	14,850	0	0
PUBLIC SVC ENTERPRISE	COM	744573106	495	11,800	SH		SOLE	3	11,800	0	0
PULTE GROUP	COM	745867101	165	7,400	SH		SOLE	3	7,400	0	0
PVH	COM	693656100	213	2,000	SH		SOLE	3	2,000	0	0
QEP RES	COM	74733V100	106	5,100	SH		SOLE	3	5,100	0	0
QORVO	COM	74736K101	239	3,000	SH		SOLE	3	3,000	0	0
QTS RLTY TR INC	CL A	74736A103	29	800	SH		SOLE	3	800	0	0
QUALCOMM	COM	747525103	243	3,500	SH		OTR	3	3,500	0	0
QUALCOMM	COM	747525103	2,677	38,600	SH		SOLE	3	38,600	0	0
QUANTA SVCS	COM	74762E102	328	11,500	SH		SOLE	3	11,500	0	0
QUEST DIAGNOSTICS	COM	74834L100	269	3,500	SH		SOLE	3	3,500	0	0
QUINTILES TRANSNATIO HLDGS	COM	74876Y101	100	1,500	SH		SOLE	3	1,500	0	0
RACKSPACE HOSTING	COM	750086100	150	2,900	SH		SOLE	3	2,900	0	0
RALPH LAUREN	CL A	751212101	631	4,800	SH		OTR	3	4,800	0	0
RALPH LAUREN	CL A	751212101	197	1,500	SH		SOLE	3	1,500	0	0
RANGE RES	COM	75281A109	208	4,000	SH		SOLE	3	4,000	0	0
RAYMOND JAMES FINANCIAL	COM	754730109	170	3,000	SH		SOLE	3	3,000	0	0
RAYONIER	COM	754907103	81	3,000	SH		SOLE	3	3,000	0	0
RAYTHEON	COM NEW	755111507	4,656	42,620	SH		OTR	3	42,620	0	0
RAYTHEON	COM NEW	755111507	1,224	11,200	SH		SOLE	3	11,200	0	0
REALOGY HLDGS	COM	75605Y106	146	3,200	SH		SOLE	3	3,200	0	0
REALTY INCOME	COM	756109104	88,609	1,717,225	SH		OTR	3	1,717,225	0	0
REALTY INCOME	COM	756109104	1,066	20,650	SH		SOLE	3	20,650	0	0
RED HAT	COM	756577102	348	4,600	SH		SOLE	3	4,600	0	0
REGENCY CTRS	COM	758849103	407,852	5,994,304	SH		OTR	3	5,994,304	0	0
REGENCY CTRS	COM	758849103	653	9,600	SH		SOLE	3	9,600	0	0
REGENERON	COM	75886F107	5,815	12,880	SH		OTR	3	12,880	0	0
REGENERON	COM	75886F107	2,054	4,550	SH		SOLE	3	4,550	0	0
REGIONS FINL CORP	COM	7591EP100	322	34,035	SH		SOLE	3	34,035	0	0
RENAISSANCERE HOLDINGS	COM	G7496G103	130	1,300	SH		SOLE	3	1,300	0	0
REPUBLIC SVCS	COM	760759100	142	3,500	SH		OTR	3	3,500	0	0
REPUBLIC SVCS	COM	760759100	284	7,000	SH		SOLE	3	7,000	0	0
RESMED	COM	761152107	610	8,500	SH		SOLE	3	8,500	0	0
RESOURCE CAP	COM	76120W302	6	2,500	SH		DFND	5,1,2	2,500	0	0
RETAIL OPPORTUNITY INVTS	COM	76131N101	57	3,100	SH		SOLE	3	3,100	0	0
RETAIL PPTYS AMER	CL A	76131V202	230,404	14,373,273	SH		OTR	3	14,373,273	0	0
RETAIL PPTYS AMER	CL A	76131V202	130	8,100	SH		SOLE	3	8,100	0	0
REXFORD INDL RLTY	COM	76169C100	12,978	820,900	SH		OTR	3	820,900	0	0
REXFORD INDL RLTY	COM	76169C100	28	1,800	SH		SOLE	3	1,800	0	0
REYNOLDS AMERICAN	COM	761713106	1,420	20,600	SH		SOLE	3	20,600	0	0
RLJ LODGING	COM	74965L101	3,250	103,800	SH		OTR	3	103,800	0	0
RLJ LODGING	COM	74965L101	160	5,100	SH		SOLE	3	5,100	0	0
ROBERT HALF INTL	COM	770323103	3,541	58,513	SH		OTR	3	58,513	0	0
ROBERT HALF INTL	COM	770323103	859	14,200	SH		SOLE	3	14,200	0	0
ROCK-TENN	CL A	772739207	503	7,800	SH		SOLE	3	7,800	0	0
ROCKWELL AUTOMATION	COM	773903109	476	4,100	SH		SOLE	3	4,100	0	0
ROCKWELL COLLINS	COM	774341101	270	2,800	SH		SOLE	3	2,800	0	0
ROPER INDS INC	COM	776696106	413	2,400	SH		SOLE	3	2,400	0	0
ROSS STORES	COM	778296103	221	2,100	SH		OTR	3	2,100	0	0
ROSS STORES	COM	778296103	1,538	14,600	SH		SOLE	3	14,600	0	0
ROUSE PPTYS	COM	779287101	23	1,207	SH		SOLE	3	1,207	0	0
ROYAL CARIBBEAN CRUISES	COM	V7780T103	5,770	70,500	SH		SOLE	3	70,500	0	0
ROYAL GOLD INC	NOTE 2.875% 6/1	780287AA6	3,597	3,500,000	PRN		DFND	5,1,2	3,500,000	0	0
RTI INTL METALS INC	NOTE 3.000%12/0	74973WAA5	8,761	8,000,000	PRN		DFND	5,1,2	8,000,000	0	0
RYDER SYS	COM	783549108	71	750	SH		SOLE	3	750	0	0
RYMAN HOSPITALITY PPTYS	COM	78377T107	104	1,700	SH		SOLE	3	1,700	0	0
SABRA HEALTH CARE REIT	COM	78573L106	66	2,000	SH		SOLE	3	2,000	0	0
SALESFORCE COM	COM	79466L302	334	5,000	SH		DFND	4	5,000	0	0
SALESFORCE COM	COM	79466L302	8,406	125,820	SH		OTR	3	125,820	0	0
SALESFORCE COM	COM	79466L302	922	13,800	SH		SOLE	3	13,800	0	0
SALIX PHARMACEUTICALS	COM	795435106	242	1,400	SH		SOLE	3	1,400	0	0
SANDISK	COM	80004C101	331	5,200	SH		SOLE	3	5,200	0	0
SANDISK CORP	NOTE 0.500%10/1	80004CAF8	3,514	3,500,000	PRN		DFND	5,1,2	3,500,000	0	0
SAUL CTRS	COM	804395101	17	300	SH		SOLE	3	300	0	0
SBA COMMUNICATIONS	COM	78388J106	6,537	55,820	SH		OTR	3	55,820	0	0
SBA COMMUNICATIONS	COM	78388J106	492	4,200	SH		SOLE	3	4,200	0	0
SCANA CORP	COM	80589M102	445	8,100	SH		SOLE	3	8,100	0	0
SCHEIN HENRY	COM	806407102	670	4,800	SH		SOLE	3	4,800	0	0
SCHLUMBERGER	COM	806857108	2,488	29,817	SH		SOLE	3	29,817	0	0
SCHWAB CHARLES CORP	COM	808513105	828	27,200	SH		SOLE	3	27,200	0	0
SCRIPPS NETWORKS INTERACT IN CL	COM	811065101	130	1,900	SH		SOLE	3	1,900	0	0
SEAGATE TECHNOLOGY	SHS	G7945M107	390	7,500	SH		SOLE	3	7,500	0	0
SEALED AIR CORP	COM	81211K100	200	4,400	SH		SOLE	3	4,400	0	0
SEI INVESTMENTS	COM	784117103	357	8,100	SH		SOLE	3	8,100	0	0
SEMPRA	COM	816851109	839	7,700	SH		SOLE	3	7,700	0	0
SENSATA TECHNOLOGIES HLDG	SHS	N7902X106	546	9,500	SH		SOLE	3	9,500	0	0
SERVICENOW	COM	81762P102	260	3,300	SH		SOLE	3	3,300	0	0
SHAKE SHACK	CL A	819047101	2,777	55,493	SH		DFND	4	55,493	0	0
SHERWIN WILLIAMS	COM	824348106	5,818	20,450	SH		SOLE	3	20,450	0	0
SIGMA ALDRICH	COM	826552101	940	6,800	SH		SOLE	3	6,800	0	0
SIGNET JEWELERS	SHS	G81276100	569	4,100	SH		SOLE	3	4,100	0	0
SILVER BAY RLTY TR	COM	82735Q102	19	1,200	SH		SOLE	3	1,200	0	0
SIMON PPTY GROUP INC	COM	828806109	1,378,698	7,047,116	SH		OTR	3	7,047,116	0	0
SIMON PPTY GROUP INC	COM	828806109	5,578	28,511	SH		SOLE	3	28,511	0	0
SIRIUS XM HLDGS	COM	82968B103	235	61,400	SH		SOLE	3	61,400	0	0
SK TELECOM LTD	ADR	78440P108	0	3	SH		DFND	2	3	0	0
SKYWORKS SOLUTIONS	COM	83088M102	10,507	106,900	SH		SOLE	3	106,900	0	0
SL GREEN RLTY	COM	78440X101	581,256	4,527,624	SH		OTR	3	4,527,624	0	0
SL GREEN RLTY	COM	78440X101	1,143	8,900	SH		SOLE	3	8,900	0	0
SMUCKER J M	COM NEW	832696405	266	2,300	SH		SOLE	3	2,300	0	0
SNAP ON	COM	833034101	147	1,000	SH		SOLE	3	1,000	0	0
SOLARCITY	COM	83416T100	18,774	366,117	SH		DFND	4	366,117	0	0
SOLARCITY	COM	83416T100	205	4,000	SH		SOLE	3	4,000	0	0
SOLAZYME INC	NOTE 5.000%10/0	83415TAC5	682	1,500,000	PRN		DFND	5,1,2	1,500,000	0	0
SOLERA HOLDINGS	COM	83421A104	3,288	63,640	SH		OTR	3	63,640	0	0
SOUTHERN	COM	842587107	2,577	58,200	SH		SOLE	3	58,200	0	0
SOUTHERN COPPER	COM	84265V105	29	1,000	SH		SOLE	3	1,000	0	0
SOUTHWEST AIRLS	COM	844741108	554	12,500	SH		SOLE	3	12,500	0	0
SOUTHWESTERN ENERGY	COM	845467109	213	9,200	SH		SOLE	3	9,200	0	0
SOUTHWESTERN ENERGY CO	DEP SHS 1/20 B ADDED	845467208	10,078	200,000	SH		DFND	5,1,2	200,000	0	0
SOVRAN SELF STORAGE	COM	84610H108	113	1,200	SH		SOLE	3	1,200	0	0
SPDR GOLD TRUST	SHS	78463V107	227	2,000	SH		DFND	1,2	2,000	0	0
SPDR GOLD TRUST	SHS	78463V107	455	4,000	SH		SOLE	3	4,000	0	0
SPECTRA ENERGY	COM	847560109	568	15,696	SH		SOLE	3	15,696	0	0
SPECTRUM PHARMACEUTICALS	COM	84763A108	121	20,000	SH		DFND	5,1,2	20,000	0	0
SPECTRUM PHARMACEUTICALS	COM	84763A108	12	1,000	SH		DFND	5,1,2	1,000	0	0
SPIRIT RLTY CAP INC	COM	84860W102	239,366	19,815,075	SH		OTR	3	19,815,075	0	0
SPIRIT RLTY CAP INC	COM	84860W102	163	13,500	SH		SOLE	3	13,500	0	0
SPLUNK	COM	848637104	3,751	63,375	SH		DFND	4	63,375	0	0
SPX	COM	784635104	102	1,200	SH		SOLE	3	1,200	0	0
ST JUDE MED	COM	790849103	432	6,600	SH		SOLE	3	6,600	0	0
STAG INDL	COM	85254J102	52	2,200	SH		SOLE	3	2,200	0	0
STANLEY BLACK & DECKER	COM	854502101	346	3,624	SH		SOLE	3	3,624	0	0
STAPLES	COM	855030102	591	36,300	SH		SOLE	3	36,300	0	0
STARBUCKS	COM	855244109	94	1,000	SH		DFND	1,2	1,000	0	0
STARBUCKS	COM	855244109	3,684	77,800	SH		SOLE	3	77,800	0	0
STARWOOD HOTELS&RESORTS	COM	85590A401	1,002	12,000	SH		OTR	3	12,000	0	0
STARWOOD HOTELS&RESORTS	COM	85590A401	351	4,200	SH		SOLE	3	4,200	0	0
STARWOOD PPTY TR INC	NOTE 3.750%10/1	85571BAC9	2,528	2,426,000	PRN		DFND	5,1,2	2,426,000	0	0
STARWOOD WAYPOINT RESIDENTL	SHS	85571W109	3,483	134,740	SH		OTR	3	134,740	0	0
STARWOOD WAYPOINT RESIDENTL	SHS	85571W109	34	1,300	SH		SOLE	3	1,300	0	0
STATE STR	COM	857477103	709	9,643	SH		SOLE	3	9,643	0	0
STERICYCLE	COM	858912108	295	2,100	SH		SOLE	3	2,100	0	0
STORE CAP	COM	862121100	21	900	SH		SOLE	3	900	0	0
STRATEGIC HOTELS & RESORTS	COM	86272T106	115,973	9,330,049	SH		OTR	3	9,330,049	0	0
STRATEGIC HOTELS & RESORTS	COM	86272T106	116	9,300	SH		SOLE	3	9,300	0	0
STRYKER	COM	863667101	756	8,200	SH		SOLE	3	8,200	0	0
SUMMIT HOTEL	COM	866082100	41	2,900	SH		SOLE	3	2,900	0	0
SUN CMNTYS	COM	866674104	17,539	262,881	SH		OTR	3	262,881	0	0
SUN CMNTYS	COM	866674104	113	1,700	SH		SOLE	3	1,700	0	0
SUNEDISON INC	NOTE 2.750% 1/0 ADDED	86732YAD1	5,239	3,000,000	PRN		DFND	5,1,2	3,000,000	0	0
SUNPOWER	COM	867652406	301	9,600	SH		SOLE	3	9,600	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	165,342	9,918,525	SH		OTR	3	9,918,525	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	119	7,127	SH		SOLE	3	7,127	0	0
SUNSTONE HOTEL INVS INC	NEW CV 8% CUM PFD-D	867892507	1,351	51,775	SH		OTR	3	0	0	0
SUNTRUST BKS	COM	867914103	511	12,448	SH		SOLE	3	12,448	0	0
SUPERIOR ENERGY SVCS	COM	868157108	94	4,200	SH		SOLE	3	4,200	0	0
SYMANTEC	COM	871503108	379	16,200	SH		SOLE	3	16,200	0	0
SYNCHRONY	COM	87165B103	115	3,800	SH		SOLE	3	3,800	0	0
SYNOPSYS	COM	871607107	176	3,800	SH		SOLE	3	3,800	0	0
SYSCO	COM	871829107	509	13,500	SH		SOLE	3	13,500	0	0
T MOBILE US	COM	872590104	195	6,150	SH		SOLE	3	6,150	0	0
TAIWAN SEMICONDUCTOR MFG LTD	ADR	874039100	704	30,000	SH		SOLE	3	30,000	0	0
TANGER FACTORY OUTLET CTRS	COM	875465106	113	3,200	SH		SOLE	3	3,200	0	0
TARGET	COM	87612E106	2,749	33,500	SH		SOLE	3	33,500	0	0
TAUBMAN CTRS	COM	876664103	9,024	117,000	SH		OTR	3	117,000	0	0
TAUBMAN CTRS	COM	876664103	170	2,200	SH		SOLE	3	2,200	0	0
TD AMERITRADE HLDG	COM	87236Y108	250	6,700	SH		SOLE	3	6,700	0	0
TE CONNECTIVITY LTD	SHS	H84989104	115	1,600	SH		OTR	3	1,600	0	0
TE CONNECTIVITY LTD	SHS	H84989104	6,969	97,300	SH		OTR	3	97,300	0	0
TE CONNECTIVITY LTD	SHS	H84989104	686	9,575	SH		SOLE	3	9,575	0	0
TELEDYNE TECHNOLOGIES	COM	879360105	2,952	27,660	SH		OTR	3	27,660	0	0
TELEFONICA BRASIL SA	ADR	87936R106	18	1,200	SH		SOLE	3	1,200	0	0
TELEFONICA BRASIL SA	ADR	87936R106	2,076	135,760	SH		SOLE	3	135,760	0	0
TENET HEALTHCARE	COM NEW	88033G407	3,367	68,000	SH		OTR	3	68,000	0	0
TERADATA CORP	COM	88076W103	168	3,800	SH		SOLE	3	3,800	0	0
TERRENO RLTY	COM	88146M101	32	1,400	SH		SOLE	3	1,400	0	0
TESLA MTRS	COM	88160R101	30,610	162,157	SH		DFND	4	162,157	0	0
TESLA MTRS	COM	88160R101	566	3,000	SH		SOLE	3	3,000	0	0
TESORO	COM	881609101	256	2,800	SH		SOLE	3	2,800	0	0
TEXAS INSTRS	COM	882508104	3,551	62,100	SH		SOLE	3	62,100	0	0
TEXTRON	COM	883203101	301	6,800	SH		SOLE	3	6,800	0	0
THE ADT	COM	00101J106	165	3,962	SH		SOLE	3	3,962	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	66	494	SH		OTR	3	494	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	1,249	9,300	SH		SOLE	3	9,300	0	0
TIFFANY & CO	COM	886547108	176	2,000	SH		DFND	1,2	2,000	0	0
TIFFANY & CO	COM	886547108	2,350	26,700	SH		OTR	3	26,700	0	0
TIFFANY & CO	COM	886547108	2,473	28,100	SH		SOLE	3	28,100	0	0
TIM PARTICIPACOES S A	ADR	88706P205	5	300	SH		SOLE	3	300	0	0
TIME WARNER	COM NEW	887317303	7,844	92,899	SH		SOLE	3	92,899	0	0
TIME WARNER CABLE	COM	88732J207	976	6,510	SH		SOLE	3	6,510	0	0
TJX COS INC	COM	872540109	455	6,500	SH		DFND	4	6,500	0	0
TJX COS INC	COM	872540109	2,872	41,000	SH		SOLE	3	41,000	0	0
TOLL BROTHERS	COM	889478103	165	4,200	SH		SOLE	3	4,200	0	0
TORCHMARK	COM	891027104	183	3,325	SH		SOLE	3	3,325	0	0
TOTAL SYS SVCS	COM	891906109	143	3,751	SH		SOLE	3	3,751	0	0
TOWERS WATSON &	CL A	891894107	198	1,500	SH		SOLE	3	1,500	0	0
TRACTOR SUPPLY	COM	892356106	697	8,200	SH		SOLE	3	8,200	0	0
TRADE STR RESIDENTIAL	COM NEW	89255N203	3	400	SH		SOLE	3	400	0	0
TRANSDIGM GROUP	COM	893641100	241	1,100	SH		SOLE	3	1,100	0	0
TRAVELERS COMPANIES	COM	89417E109	2,198	20,323	SH		SOLE	3	20,323	0	0
TRIBUNE MEDIA	CL A	896047503	2,220	36,500	SH		OTR	3	36,500	0	0
TRIMBLE NAVIGATION	COM	896239100	151	6,000	SH		SOLE	3	6,000	0	0
TRIPADVISOR	COM	896945201	307	3,700	SH		DFND	4	3,700	0	0
TRIPADVISOR	COM	896945201	241	2,900	SH		SOLE	3	2,900	0	0
TRONOX LTD	CL A	Q9235V101	118	5,800	SH		SOLE	3	5,800	0	0
TRW AUTOMOTIVE HLDGS	COM	87264S106	283	2,700	SH		SOLE	3	2,700	0	0
TWENTY FIRST CENTY FOX	CL A	90130A101	6,113	180,630	SH		OTR	3	180,630	0	0
TWENTY FIRST CENTY FOX	CL A	90130A101	1,061	31,350	SH		SOLE	3	31,350	0	0
TWITTER	COM	90184L102	11,397	227,586	SH		DFND	4	227,586	0	0
TWITTER	COM	90184L102	456	9,100	SH		SOLE	3	9,100	0	0
TYCO INTL	SHS	G91442106	414	9,625	SH		SOLE	3	9,625	0	0
TYSON FOODS	CL A	902494103	192	5,000	SH		OTR	3	5,000	0	0
TYSON FOODS	CL A	902494103	276	7,200	SH		SOLE	3	7,200	0	0
U M H PROPERTIES	COM	903002103	6	600	SH		SOLE	3	600	0	0
U M H PROPERTIES INC	CV RED PFD-A	903002202	532	20,512	SH		OTR	3	0	0	0
UDR	COM	902653104	416,771	12,247,166	SH		OTR	3	12,247,166	0	0
UDR	COM	902653104	517	15,200	SH		SOLE	3	15,200	0	0
ULTA SALON COSMETCS & FRAG	COM	90384S303	890	5,900	SH		SOLE	3	5,900	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	24	1,200	SH		SOLE	3	1,200	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	5,501	272,350	SH		SOLE	3	272,350	0	0
UNDER ARMOUR	CL A	904311107	1,806	22,373	SH		DFND	4	22,373	0	0
UNDER ARMOUR	CL A	904311107	339	4,200	SH		SOLE	3	4,200	0	0
UNION PAC	COM	907818108	5,096	47,050	SH		OTR	3	47,050	0	0
UNION PAC	COM	907818108	6,136	56,650	SH		SOLE	3	56,650	0	0
UNITED CONTL HLDGS	COM	910047109	168	2,500	SH		OTR	3	2,500	0	0
UNITED CONTL HLDGS	COM	910047109	5,393	80,200	SH		SOLE	3	80,200	0	0
UNITED RENTALS	COM	911363109	219	2,400	SH		SOLE	3	2,400	0	0
UNITED STATES OIL FUND	CALL	91232N908	3,179	188,800	SH		DFND	4	188,800	0	0
UNITED TECHNOLOGIES	COM	913017109	2,977	25,400	SH		SOLE	3	25,400	0	0
UNITEDHEALTH GROUP	COM	91324P102	17,545	148,326	SH		SOLE	3	148,326	0	0
UNUM	COM	91529Y106	219	6,500	SH		SOLE	3	6,500	0	0
URBAN EDGE	COM	91704F104	59,594	2,514,527	SH		OTR	3	2,514,527	0	0
URBAN EDGE	COM	91704F104	70	2,943	SH		SOLE	3	2,943	0	0
URBAN OUTFITTERS	COM	917047102	151	3,300	SH		SOLE	3	3,300	0	0
URSTADT BIDDLE PPTYS	CL A	917286205	21	900	SH		SOLE	3	900	0	0
URSTADT BIDDLE PPTYS INC	PFD-G CV 6.75%	917286809	857	32,425	SH		OTR	3	0	0	0
US BANCORP	COM NEW	902973304	1,830	41,900	SH		SOLE	3	41,900	0	0
V F	COM	918204108	4,059	53,900	SH		OTR	3	53,900	0	0
V F	COM	918204108	1,484	19,700	SH		SOLE	3	19,700	0	0
VALE S	ADR	91912E105	40	7,000	SH		SOLE	3	7,000	0	0
VALE S	ADR	91912E105	407	72,000	SH		SOLE	3	72,000	0	0
VALERO ENERGY CORP	COM	91913Y100	769	12,092	SH		SOLE	3	12,092	0	0
VANTIV	CL A	92210H105	124	3,300	SH		SOLE	3	3,300	0	0
VARIAN MED SYS	COM	92220P105	235	2,500	SH		SOLE	3	2,500	0	0
VECTOR GROUP LTD	FRNT 1/1	92240MAY4	17,628	12,500,000	PRN		DFND	5,1,2	12,500,000	0	0
VENTAS	COM	92276F100	452,522	6,197,227	SH		OTR	3	6,197,227	0	0
VENTAS	COM	92276F100	2,295	31,424	SH		SOLE	3	31,424	0	0
VERISIGN	COM	92343E102	188	2,800	SH		SOLE	3	2,800	0	0
VERISK ANALYTICS	CL A	92345Y106	250	3,500	SH		SOLE	3	3,500	0	0
VERIZON COMMUNICATIONS	COM	92343V104	5,167	106,248	SH		SOLE	3	106,248	0	0
VERTEX PHARMACEUTICALS	COM	92532F100	661	5,600	SH		SOLE	3	5,600	0	0
VISA INC	CL A	92826C839	864	13,220	SH		DFND	4	13,220	0	0
VISA INC	CL A	92826C839	3,009	46,000	SH		OTR	3	46,000	0	0
VISA INC	CL A	92826C839	2,989	45,700	SH		SOLE	3	45,700	0	0
VMWARE INC CL	COM	928563402	271	3,300	SH		SOLE	3	3,300	0	0
VOYA FINL	COM	929089100	216	5,000	SH		SOLE	3	5,000	0	0
VULCAN MATLS	COM	929160109	2,287	27,124	SH		OTR	3	27,124	0	0
VULCAN MATLS	COM	929160109	270	3,200	SH		SOLE	3	3,200	0	0
W P CAREY	COM	92936U109	245	3,600	SH		SOLE	3	3,600	0	0
WABCO HLDGS	COM	92927K102	6,817	55,480	SH		OTR	3	55,480	0	0
WABTEC	COM	929740108	200	2,100	SH		SOLE	3	2,100	0	0
WAL-MART STORES	COM	931142103	411	5,000	SH		DFND	4	5,000	0	0
WAL-MART STORES	COM	931142103	280	3,400	SH		OTR	3	3,400	0	0
WAL-MART STORES	COM	931142103	7,403	90,000	SH		SOLE	3	90,000	0	0
WALGREENS BOOTS ALLIANCE	COM	931427108	1,711	20,200	SH		SOLE	3	20,200	0	0
WASTE MGMT INC	COM	94106L109	10,385	191,500	SH		SOLE	3	191,500	0	0
WATERS	COM	941848103	249	2,000	SH		SOLE	3	2,000	0	0
WEATHERFORD INTL PLC	SHS	G48833100	228	18,500	SH		SOLE	3	18,500	0	0
WEBMD HEALTH CORP	NOTE 2.500% 1/3	94770VAF9	6,087	6,000,000	PRN		DFND	5,1,2	6,000,000	0	0
WELLS FARGO & CO	COM	949746101	5,719	105,126	SH		OTR	3	105,126	0	0
WELLS FARGO & CO	COM	949746101	19,987	367,409	SH		SOLE	3	367,409	0	0
WESTERN DIGITAL	COM	958102105	4,858	53,380	SH		OTR	3	53,380	0	0
WESTERN DIGITAL	COM	958102105	537	5,900	SH		SOLE	3	5,900	0	0
WESTERN UN	COM	959802109	257	12,346	SH		SOLE	3	12,346	0	0
WESTLAKE CHEM	COM	960413102	86	1,200	SH		SOLE	3	1,200	0	0
WEYERHAEUSER	COM	962166104	396	11,958	SH		SOLE	3	11,958	0	0
WHIRLPOOL	COM	963320106	889	4,400	SH		SOLE	3	4,400	0	0
WHITESTONE	COM	966084204	13	800	SH		SOLE	3	800	0	0
WHITING PETE CORP	COM	966387102	124	4,000	SH		SOLE	3	4,000	0	0
WHOLE FOODS MKT	COM	966837106	443	8,500	SH		SOLE	3	8,500	0	0
WILLIAMS COS INC	COM	969457100	825	16,300	SH		SOLE	3	16,300	0	0
WILLIS GROUP HOLDINGS	SHS	G96666105	178	3,700	SH		SOLE	3	3,700	0	0
WINDSTREAM HLDGS	COM	97382A101	112	15,200	SH		SOLE	3	15,200	0	0
WISCONSIN ENERGY	COM	976657106	881	17,800	SH		SOLE	3	17,800	0	0
WISDOMTREE INVTS	COM	97717P104	2,869	133,700	SH		OTR	3	133,700	0	0
WISDOMTREE INVTS	COM	97717P104	8,575	399,600	SH		SOLE	3	399,600	0	0
WOODWARD	COM	980745103	194	3,800	SH		SOLE	3	3,800	0	0
WORKDAY	CL A	98138H101	186	2,200	SH		SOLE	3	2,200	0	0
WP GLIMCHER	COM	92939N102	22,663	1,362,778	SH		OTR	3	1,362,778	0	0
WP GLIMCHER	COM	92939N102	106	6,353	SH		SOLE	3	6,353	0	0
WYNDHAM WORLDWIDE	COM	98310W108	561	6,200	SH		SOLE	3	6,200	0	0
WYNN RESORTS	COM	983134107	642	5,100	SH		SOLE	3	5,100	0	0
XCEL ENERGY	COM	98389B100	1,257	36,100	SH		SOLE	3	36,100	0	0
XENIA HOTELS & RESORTS	COM	984017103	89	3,900	SH		SOLE	3	3,900	0	0
XEROX	COM	984121103	327	25,453	SH		SOLE	3	25,453	0	0
XILINX	COM	983919101	195	4,600	SH		OTR	3	4,600	0	0
XILINX	COM	983919101	262	6,200	SH		SOLE	3	6,200	0	0
XILINX INC	NOTE 2.625% 6/1	983919AF8	7,411	5,000,000	PRN		DFND	5,1,2	5,000,000	0	0
XL GROUP	SHS	G98290102	224	6,100	SH		SOLE	3	6,100	0	0
XYLEM	COM	98419M100	147	4,200	SH		SOLE	3	4,200	0	0
YAHOO	COM	984332106	4,172	93,900	SH		SOLE	3	93,900	0	0
YELP	CL A	985817105	21,317	450,208	SH		DFND	4	450,208	0	0
YUM BRANDS	COM	988498101	811	10,300	SH		SOLE	3	10,300	0	0
ZILLOW GROUP	CL A	98954M101	17,483	174,315	SH		DFND	4	174,315	0	0
ZILLOW GROUP	CL A	98954M101	90	900	SH		SOLE	3	900	0	0
ZIMMER HLDGS	COM	98956P102	470	4,000	SH		SOLE	3	4,000	0	0
ZOETIS	CL A	98978V103	542	11,700	SH		SOLE	3	11,700	0	0