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
58 COM INC	SPON ADR REP A	31680Q104	35	1,000	SH		SOLE	1	1,000	0	0
ACADIA RLTY TR	COM SH BEN INT	004239109	203	6,741	SH		SOLE	1	6,741	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	2,866	26,579	SH		DFND		26,579	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	269	2,500	SH		DFND	3,4,2	2,500	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	6,928	64,253	SH		OTR	1	64,253	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	8,454	78,400	SH		SOLE	1	78,400	0	0
ALPHABET INC	CAP STK CL C	02079K107	22,995	27,720	SH		OTR	1	27,720	0	0
ALPHABET INC	CAP STK CL C	02079K107	8,111	9,778	SH		SOLE	1	9,778	0	0
BAIDU INC	SPON ADR REP A	056752108	2,674	15,500	SH		OTR	1	15,500	0	0
BAIDU INC	SPON ADR REP A	056752108	2,329	13,500	SH		SOLE	1	13,500	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	9,889	965,708	SH		SOLE	1	965,708	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	56	1,400	SH		SOLE	1	1,400	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	40	1,000	SH		SOLE	1	1,000	0	0
BERKSHIRE HATHAWAY INC	DEL CL B NEW	084670702	5,675	34,050	SH		SOLE	1	34,050	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	217	13,400	SH		SOLE	1	13,400	0	0
BRASKEM S A	SP ADR PFD A	105532105	820	40,300	SH		SOLE	1	40,300	0	0
BROWN FORMAN CORP	CL B	115637209	272	5,900	SH		SOLE	1	5,900	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	1,199	14,900	SH		SOLE	1	14,900	0	0
CARNIVAL CORP	UNIT 99/99/9999	143658300	1,140	19,350	SH		SOLE	1	19,350	0	0
CBS CORP NEW	CL B	124857202	2,774	39,991	SH		SOLE	1	39,991	0	0
CELANESE CORP DEL COM	SER A	150870103	350	3,900	SH		SOLE	1	3,900	0	0
CEMEX SAB DE CV SPON	ADR NEW	151290889	80	8,805	SH		SOLE	1	8,805	0	0
CHESAPEAKE LODGING	TR SH BEN INT	165240102	113	4,700	SH		SOLE	1	4,700	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	46	13,900	SH		SOLE	1	13,900	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	2,445	743,100	SH		SOLE	1	743,100	0	0
COMPANHIA PARANAENSE ENERG C	SPON ADR PFD	20441B407	420	40,700	SH		SOLE	1	40,700	0	0
CORPORATE OFFICE PPTYS	TR SH BEN INT	22002T108	15,371	464,368	SH		OTR	1	464,368	0	0
CORPORATE OFFICE PPTYS	TR SH BEN INT	22002T108	258	7,800	SH		SOLE	1	7,800	0	0
DELL TECHNOLOGIES INC	COM CL V	24703L103	415	6,471	SH		SOLE	1	6,471	0	0
DISCOVERY COMMUNICATNS NEW COM	SER A	25470F104	132	4,540	SH		SOLE	1	4,540	0	0
DISCOVERY COMMUNICATNS NEW COM	SER C	25470F302	180	6,370	SH		SOLE	1	6,370	0	0
DISNEY WALT CO	COM DISNEY	254687106	559	4,937	SH		DFND		4,937	0	0
DISNEY WALT CO	COM DISNEY	254687106	259	2,286	SH		OTR	1	2,286	0	0
DISNEY WALT CO	COM DISNEY	254687106	5,676	50,060	SH		SOLE	1	50,060	0	0
EATON VANCE CORP COM	NON VTG	278265103	139	3,100	SH		SOLE	1	3,100	0	0
ECOPETROL S A	SPONSORED ADS	279158109	24	2,600	SH		SOLE	1	2,600	0	0
EPR PPTYS COM	SH BEN INT	26884U109	376	5,100	SH		SOLE	1	5,100	0	0
EQUINIX INC	COM PAR $0.001	29444U700	744,065	1,858,444	SH		OTR	1	1,858,444	0	0
EQUINIX INC	COM PAR $0.001	29444U700	838	2,092	SH		SOLE	1	2,092	0	0
EQUITY COMWLTH COM	SH BEN INT	294628102	308	9,875	SH		SOLE	1	9,875	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	211,959	3,406,604	SH		OTR	1	3,406,604	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	3,295	52,950	SH		SOLE	1	52,950	0	0
FEDERAL REALTY INVT	TR SH BEN INT NEW	313747206	201,884	1,512,243	SH		OTR	1	1,512,243	0	0
FEDERAL REALTY INVT	TR SH BEN INT NEW	313747206	1,582	11,850	SH		SOLE	1	11,850	0	0
FIRST TR EXCHANGE TRADED FD	NAT GAS ETF	33733E807	54	2,200	SH		SOLE	1	2,200	0	0
FLEXSHARES TR	MORNSTAR UPSTR	33939L407	103	3,500	SH		SOLE	1	3,500	0	0
FOMENTO ECONOMICO MEXICANO	S SPON ADR UNITS	344419106	190	2,150	SH		SOLE	1	2,150	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	337	29,000	SH		DFND		29,000	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,216	104,473	SH		SOLE	1	104,473	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	2,269	169,859	SH		OTR	1	169,859	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	490	36,658	SH		SOLE	1	36,658	0	0
GERDAU S A	SPON ADR REP PFD	373737105	39	11,400	SH		SOLE	1	11,400	0	0
GERDAU S A	SPON ADR REP PFD	373737105	2,082	603,500	SH		SOLE	1	603,500	0	0
GLOBAL X FDS	MSCI GREECE ETF	37950E366	103	13,000	SH		SOLE	1	13,000	0	0
GLOBAL X FDS GLBX	MSCI COLUM	37950E200	1	100	SH		SOLE	1	100	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	117	5,600	SH		SOLE	1	5,600	0	0
GRUPO AEROPORTUARIO DEL SURE	SPON ADR SER B	40051E202	69	400	SH		SOLE	1	400	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	244,905	7,784,641	SH		OTR	1	7,784,641	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	348	11,050	SH		SOLE	1	11,050	0	0
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	55	2,950	SH		SOLE	1	2,950	0	0
HOSPITALITY PPTYS TR	COM SH BEN INT	44106M102	404	12,800	SH		SOLE	1	12,800	0	0
INVESTORS REAL ESTATE	TR SH BEN INT	461730103	56	9,500	SH		SOLE	1	9,500	0	0
ISHARES	MSCI BRZ CAP ETF	464286400	232	6,200	SH		SOLE	1	6,200	0	0
ISHARES	MSCI CDA ETF	464286509	1,008	37,500	SH		SOLE	1	37,500	0	0
ISHARES	MIN VOL EMRG MKT	464286533	225	4,200	SH		SOLE	1	4,200	0	0
ISHARES	MSCI CH CAP ETF	464286640	4	100	SH		SOLE	1	100	0	0
ISHARES	MSCI PAC JP ETF	464286665	1,290	28,860	SH		SOLE	1	28,860	0	0
ISHARES	MSCI GERMANY ETF	464286806	316	11,000	SH		SOLE	1	11,000	0	0
ISHARES	TR CORE S&P500 ETF	464287200	3,939	16,600	SH		SOLE	1	16,600	0	0
ISHARES	TR IBOXX INV CP ETF	464287242	1,698	14,400	SH		SOLE	1	14,400	0	0
ISHARES	TR MSCI UK ETF NEW	46435G334	163	5,000	SH		SOLE	1	5,000	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	4,798	100,400	SH		SOLE	1	100,400	0	0
ISHARES INC MSCI GBL	ETF NEW	46434G848	76	2,700	SH		SOLE	1	2,700	0	0
ISHARES SILVER	TRUST ISHARES	46428Q109	1,128	65,400	SH		DFND		65,400	0	0
ISHARES SILVER	TRUST ISHARES	46428Q109	107	6,200	SH		SOLE	1	6,200	0	0
ISHARES TR GLOBAL ENERG	ETF	464287341	53	1,600	SH		SOLE	1	1,600	0	0
ISHARES TR IBOXX HI YD	ETF	464288513	6,548	74,600	SH		SOLE	1	74,600	0	0
ISHARES TR INTL SEL DIV	ETF	464288448	1,249	39,695	SH		SOLE	1	39,695	0	0
ISHARES TR MIN VOL USA	ETF	46429B697	601	12,600	SH		SOLE	1	12,600	0	0
ISHARES TR U.S. BAS MTL	ETF	464287838	80	900	SH		SOLE	1	900	0	0
ITAU UNIBANCO HLDG	SA SPON ADR REP PFD	465562106	224	18,520	SH		SOLE	1	18,520	0	0
ITAU UNIBANCO HLDG	SA SPON ADR REP PFD	465562106	11,709	970,083	SH		SOLE	1	970,083	0	0
JAZZ PHARMACEUTICALS	PLC SHS USD	G50871105	254	1,750	SH		SOLE	1	1,750	0	0
LASALLE HOTEL PPTYS COM	SH BEN INT	517942108	258	8,900	SH		SOLE	1	8,900	0	0
LIBERTY BROADBAND CORP	COM SER C	530307305	246	2,850	SH		SOLE	1	2,850	0	0
LIBERTY GLOBAL	PLC SHS CL C	G5480U120	575	16,409	SH		SOLE	1	16,409	0	0
LIBERTY INTERACTIVE CORP	QVC GP COM SER A	53071M104	227	11,350	SH		SOLE	1	11,350	0	0
LIBERTY MEDIA CORP DELAWARE COM	A SIRIUSXM	531229409	90	2,300	SH		SOLE	1	2,300	0	0
LIBERTY PPTY	TR SH BEN INT	531172104	1,091	28,300	SH		SOLE	1	28,300	0	0
LYONDELLBASELL INDUSTRIES	N SHS - A -	N53745100	82	900	SH		OTR	1	900	0	0
LYONDELLBASELL INDUSTRIES	N SHS - A -	N53745100	538	5,900	SH		OTR	1	5,900	0	0
LYONDELLBASELL INDUSTRIES	N SHS - A -	N53745100	2,193	24,050	SH		SOLE	1	24,050	0	0
MCCORMICK & CO INC COM	NON VTG	579780206	780	8,000	SH		SOLE	1	8,000	0	0
MOLSON COORS BREWING CO	CL B	60871R209	507	5,300	SH		SOLE	1	5,300	0	0
MUELLER WTR PRODS INC	COM SER A	624758108	1,297	109,700	SH		SOLE	1	109,700	0	0
MYLAN N V	SHS EURO	N59465109	5,973	153,181	SH		OTR	1	153,181	0	0
MYLAN N V	SHS EURO	N59465109	483	12,400	SH		SOLE	1	12,400	0	0
NATIONAL STORAGE AFFILIATES COM	SHS BEN IN	637870106	81	3,400	SH		SOLE	1	3,400	0	0
NIELSEN HLDGS	PLC SHS EUR	G6518L108	407	9,850	SH		SOLE	1	9,850	0	0
NIKE INC	CL B	654106103	10,475	187,964	SH		OTR	1	187,964	0	0
NIKE INC	CL B	654106103	2,361	42,360	SH		SOLE	1	42,360	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	80	5,300	SH		SOLE	1	5,300	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	9,791	1,061,900	SH		SOLE	1	1,061,900	0	0
PLAINS GP HLDGS L P LTD	PARTNR INT A	72651A207	25	800	SH		SOLE	1	800	0	0
POWERSHARES DB CMDTY I	DX TRA UNIT BEN INT	73935S105	2	100	SH		SOLE	1	100	0	0
POWERSHARES ETF	TR II EMER MRKT PORT	73936T763	1,071	54,000	SH		SOLE	1	54,000	0	0
POWERSHARES ETF	TR II PWRSHS SP500 LOW	73937B654	113	2,800	SH		SOLE	1	2,800	0	0
POWERSHARES ETF	TR II S&P500 LOW VOL	73937B779	578	13,300	SH		SOLE	1	13,300	0	0
POWERSHS DB MULTI SECT	COMM PS DB AGRICUL FD	73936B408	330	16,700	SH		SOLE	1	16,700	0	0
POWERSHS DB MULTI SECT	COMM DB BASE METALS	73936B705	51	3,100	SH		SOLE	1	3,100	0	0
RAMCO-GERSHENSON PPTYS	TR COM SH BEN INT	751452202	88	6,300	SH		SOLE	1	6,300	0	0
SELECT INCOME REIT	COM SH BEN INT	81618T100	132	5,100	SH		SOLE	1	5,100	0	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	131	2,500	SH		SOLE	1	2,500	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	210	3,000	SH		SOLE	1	3,000	0	0
SENIOR HSG PPTYS	TR SH BEN INT	81721M109	381	18,800	SH		SOLE	1	18,800	0	0
SOCIEDAD QUIMICA MINERA DE C	SPON ADR SER B	833635105	48	1,400	SH		SOLE	1	1,400	0	0
SPDR DOW JONES INDL	AVRG ETF UT SER 1	78467X109	3,110	15,070	SH		SOLE	1	15,070	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	13,201	56,000	SH		SOLE	1	56,000	0	0
SPDR SERIES TRUST	BLOMBERG BRC SRT	78464A474	92	3,000	SH		SOLE	1	3,000	0	0
SPDR SERIES TRUST	S&P OILGAS EXP	78464A730	56	1,500	SH		SOLE	1	1,500	0	0
SPDR SERIES TRUST	S&P METALS MNG	78464A755	183	6,000	SH		SOLE	1	6,000	0	0
SPRINT CORP	COM SER 1	85207U105	290	33,379	SH		SOLE	1	33,379	0	0
STERIS PLC	SHS USD	G84720104	2,798	40,279	SH		OTR	1	40,279	0	0
STMICROELECTRONICS	N V NY REGISTRY	861012102	459	29,744	SH		DFND		29,744	0	0
TWENTY FIRST CENTY FOX INC	CL B	90130A200	381	12,000	SH		SOLE	1	12,000	0	0
UNDER ARMOUR INC	CL C	904311206	990	54,100	SH		DFND		54,100	0	0
UNDER ARMOUR INC	CL C	904311206	77	4,229	SH		SOLE	1	4,229	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	256	2,388	SH		OTR	1	2,388	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	2,082	19,400	SH		SOLE	1	19,400	0	0
UNITED STATES NATL GAS FUND	UNIT PAR $0.001	912318201	188	24,900	SH		SOLE	1	24,900	0	0
UNITED STATES OIL FUND	LP UNITS	91232N108	218	20,500	SH		SOLE	1	20,500	0	0
UNITED STS BRENT OIL FD	LP UNIT	91167Q100	163	11,200	SH		SOLE	1	11,200	0	0
UNIVERSAL HEALTH RLTY INCM T	SH BEN INT	91359E105	58	900	SH		SOLE	1	900	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	2,582	20,750	SH		OTR	1	20,750	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	299	2,400	SH		SOLE	1	2,400	0	0
VALE S A ADR REPSTG	PFD	91912E204	7,533	838,901	SH		SOLE	1	838,901	0	0
VANECK VECTORS ETF	TR GOLD MINERS ETF	92189F106	25	1,100	SH		SOLE	1	1,100	0	0
VANECK VECTORS ETF	TR RUSSIA ETF	92189F403	118	5,700	SH		SOLE	1	5,700	0	0
VANECK VECTORS ETF	TR AGRIBUSINESS ETF	92189F700	155	2,900	SH		SOLE	1	2,900	0	0
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	367	4,600	SH		SOLE	1	4,600	0	0
VANGUARD SCOTTSDALE FDS	LG-TERM COR BD	92206C813	369	4,100	SH		SOLE	1	4,100	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	363	4,200	SH		SOLE	1	4,200	0	0
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	823	10,593	SH		SOLE	1	10,593	0	0
VIACOM INC NEW	CL B	92553P201	6,261	134,299	SH		OTR	1	134,299	0	0
VIACOM INC NEW	CL B	92553P201	474	10,171	SH		SOLE	1	10,171	0	0
VORNADO RLTY	TR SH BEN INT	929042109	468,144	4,666,971	SH		OTR	1	4,666,971	0	0
VORNADO RLTY	TR SH BEN INT	929042109	2,645	26,369	SH		SOLE	1	26,369	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	178	5,700	SH		SOLE	1	5,700	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	721	21,600	SH		SOLE	1	21,600	0	0
ZILLOW GROUP INC	CL C CAP STK	98954M200	1,772	52,638	SH		DFND		52,638	0	0
ZILLOW GROUP INC	CL C CAP STK	98954M200	108	3,200	SH		SOLE	1	3,200	0	0
3-D SYS CORP	COM NEW	88554D205	1,412	94,418	SH		DFND		94,418	0	0
ABBOTT	COM	002824100	182	4,100	SH		OTR	1	4,100	0	0
ABBOTT	COM	002824100	2,118	47,686	SH		SOLE	1	47,686	0	0
ABBVIE	COM	00287Y109	1,121	17,200	SH		OTR	1	17,200	0	0
ABBVIE	COM	00287Y109	4,326	66,395	SH		SOLE	1	66,395	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	324	2,700	SH		OTR	1	2,700	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	8,215	68,524	SH		OTR	1	68,524	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	5,772	48,150	SH		SOLE	1	48,150	0	0
ACTIVISION BLIZZARD	COM	00507V109	2,386	47,850	SH		SOLE	1	47,850	0	0
ACUITY BRANDS	COM	00508Y102	245	1,200	SH		SOLE	1	1,200	0	0
ADOBE SYS	COM	00724F101	2,193	16,850	SH		SOLE	1	16,850	0	0
ADVANCE AUTO PARTS	COM	00751Y106	297	2,000	SH		SOLE	1	2,000	0	0
ADVANCED MICRO DEVICES	COM	007903107	330	22,700	SH		SOLE	1	22,700	0	0
ADVANCED SEMICONDUCTOR ENGR	ADR	00756M404	193	29,846	SH		DFND		29,846	0	0
AECOM	COM	00766T100	16,290	457,700	SH		SOLE	1	457,700	0	0
AEGION	COM	00770F104	1,074	46,900	SH		SOLE	1	46,900	0	0
AERCAP HOLDINGS	SHS	N00985106	6,620	144,003	SH		OTR	1	144,003	0	0
AERCAP HOLDINGS	SHS	N00985106	214	4,650	SH		SOLE	1	4,650	0	0
AES	COM	00130H105	219	19,600	SH		SOLE	1	19,600	0	0
AETNA INC	COM	00817Y108	268	2,101	SH		OTR	1	2,101	0	0
AETNA INC	COM	00817Y108	1,247	9,773	SH		SOLE	1	9,773	0	0
AFFILIATED MANAGERS	COM	008252108	238	1,450	SH		SOLE	1	1,450	0	0
AFLAC	COM	001055102	829	11,450	SH		SOLE	1	11,450	0	0
AGCO	COM	001084102	132	2,200	SH		SOLE	1	2,200	0	0
AGILENT TECHNOLOGIES	COM	00846U101	462	8,740	SH		SOLE	1	8,740	0	0
AGNC INVT	COM	00123Q104	599	30,100	SH		SOLE	1	30,100	0	0
AGREE REALTY	COM	008492100	96	2,000	SH		SOLE	1	2,000	0	0
AIR LEASE	CL A	00912X302	4,958	127,948	SH		OTR	1	127,948	0	0
AIR PRODS & CHEMS	COM	009158106	123	910	SH		OTR	1	910	0	0
AIR PRODS & CHEMS	COM	009158106	785	5,800	SH		SOLE	1	5,800	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	842	14,100	SH		SOLE	1	14,100	0	0
ALASKA AIR GROUP	COM	011659109	1,568	17,000	SH		SOLE	1	17,000	0	0
ALBEMARLE	COM	012653101	1,035	9,800	SH		SOLE	1	9,800	0	0
ALEXANDERS	COM	014752109	130	300	SH		SOLE	1	300	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	273,195	2,471,903	SH		OTR	1	2,471,903	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	2,061	18,650	SH		SOLE	1	18,650	0	0
ALEXION PHARMACEUTICALS	COM	015351109	740	6,100	SH		SOLE	1	6,100	0	0
ALIBABA GROUP HLDG	PUT	01609W952	167	500	SH		DFND	3,4,2	500	0	0
ALIGN TECHNOLOGY	COM	016255101	229	2,000	SH		SOLE	1	2,000	0	0
ALKERMES	SHS	G01767105	246	4,200	SH		SOLE	1	4,200	0	0
ALLEGHANY CORP	COM	017175100	633	1,030	SH		SOLE	1	1,030	0	0
ALLERGAN	SHS	G0177J108	12,064	50,495	SH		OTR	1	50,495	0	0
ALLERGAN	SHS	G0177J108	2,560	10,716	SH		SOLE	1	10,716	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	12,086	48,537	SH		OTR	1	48,537	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	386	1,550	SH		SOLE	1	1,550	0	0
ALLIANT ENERGY	COM	018802108	725	18,300	SH		SOLE	1	18,300	0	0
ALLISON TRANSMISSION HLDGS	COM	01973R101	6,722	186,400	SH		SOLE	1	186,400	0	0
ALLSTATE	COM	020002101	1,247	15,300	SH		SOLE	1	15,300	0	0
ALLY FINL	COM	02005N100	246	12,100	SH		SOLE	1	12,100	0	0
ALPHABET INC CAP	CL A	02079K305	2,425	2,861	SH		DFND		2,861	0	0
ALPHABET INC CAP	CL A	02079K305	426	503	SH		OTR	1	503	0	0
ALPHABET INC CAP	CL A	02079K305	19,796	23,350	SH		SOLE	1	23,350	0	0
ALTRIA GROUP	COM	02209S103	2,262	31,672	SH		OTR	1	31,672	0	0
ALTRIA GROUP	COM	02209S103	13,802	193,250	SH		SOLE	1	193,250	0	0
AMAZON COM	COM	023135106	9,938	11,211	SH		DFND		11,211	0	0
AMAZON COM	COM	023135106	6,639	7,489	SH		OTR	1	7,489	0	0
AMAZON COM	COM	023135106	10,869	12,260	SH		SOLE	1	12,260	0	0
AMBARELLA	SHS	G037AX101	2,445	44,700	SH		DFND		44,700	0	0
AMBEV SA	ADR	02319V103	2,153	373,800	SH		SOLE	1	373,800	0	0
AMERCO	COM	023586100	65	170	SH		SOLE	1	170	0	0
AMEREN	COM	023608102	371	6,800	SH		SOLE	1	6,800	0	0
AMERICA MOVIL SAB DE CV SPON ADR	SHS	02364W105	3,564	251,539	SH		OTR	1	251,539	0	0
AMERICA MOVIL SAB DE CV SPON ADR	SHS	02364W105	119	8,400	SH		SOLE	1	8,400	0	0
AMERICAN AIRLS GROUP	COM	02376R102	478	11,300	SH		SOLE	1	11,300	0	0
AMERICAN ASSETS TR	COM	024013104	134	3,200	SH		SOLE	1	3,200	0	0
AMERICAN CAMPUS CMNTYS	COM	024835100	154,482	3,246,099	SH		OTR	1	3,246,099	0	0
AMERICAN CAMPUS CMNTYS	COM	024835100	503	10,568	SH		SOLE	1	10,568	0	0
AMERICAN ELEC PWR	COM	025537101	1,017	15,150	SH		SOLE	1	15,150	0	0
AMERICAN EXPRESS	COM	025816109	1,305	16,500	SH		OTR	1	16,500	0	0
AMERICAN EXPRESS	COM	025816109	4,265	53,910	SH		SOLE	1	53,910	0	0
AMERICAN HOMES 4	CL A	02665T306	205,529	8,951,618	SH		OTR	1	8,951,618	0	0
AMERICAN HOMES 4	CL A	02665T306	393	17,108	SH		SOLE	1	17,108	0	0
AMERICAN INTL GROUP	COM NEW	026874784	2,965	47,500	SH		DFND	3,4,2	47,500	0	0
AMERICAN INTL GROUP	COM NEW	026874784	8,178	131,000	SH		OTR	1	131,000	0	0
AMERICAN INTL GROUP	COM NEW	026874784	2,935	47,012	SH		SOLE	1	47,012	0	0
AMERICAN INTL GROUP	PUT	026874954	500	1,000	SH		DFND	3,4,2	1,000	0	0
AMERICAN TOWER CORP	COM	03027X100	4,483	36,886	SH		OTR	1	36,886	0	0
AMERICAN TOWER CORP	COM	03027X100	1,446	11,900	SH		SOLE	1	11,900	0	0
AMERICAN WTR WKS CO INC	COM	030420103	1,104	14,200	SH		SOLE	1	14,200	0	0
AMERIPRISE FINL	COM	03076C106	169	1,300	SH		OTR	1	1,300	0	0
AMERIPRISE FINL	COM	03076C106	779	6,010	SH		SOLE	1	6,010	0	0
AMERISOURCEBERGEN	COM	03073E105	451	5,100	SH		SOLE	1	5,100	0	0
AMETEK INC	COM	031100100	2,426	44,851	SH		OTR	1	44,851	0	0
AMETEK INC	COM	031100100	416	7,700	SH		SOLE	1	7,700	0	0
AMGEN	COM	031162100	1,201	7,319	SH		OTR	1	7,319	0	0
AMGEN	COM	031162100	3,421	20,850	SH		SOLE	1	20,850	0	0
AMPHENOL CORP	CL A	032095101	2,146	30,150	SH		SOLE	1	30,150	0	0
ANADARKO PETE	COM	032511107	967	15,600	SH		SOLE	1	15,600	0	0
ANALOG DEVICES	COM	032654105	205	2,500	SH		OTR	1	2,500	0	0
ANALOG DEVICES	COM	032654105	1,155	14,091	SH		SOLE	1	14,091	0	0
ANNALY CAP MGMT	COM	035710409	871	78,400	SH		SOLE	1	78,400	0	0
ANSYS	COM	03662Q105	273	2,550	SH		SOLE	1	2,550	0	0
ANTERO RES	COM	03674X106	100	4,400	SH		SOLE	1	4,400	0	0
ANTHEM	COM	036752103	2,147	12,985	SH		OTR	1	12,985	0	0
ANTHEM	COM	036752103	1,224	7,400	SH		SOLE	1	7,400	0	0
AON PLC	CL A	G0408V102	8,925	75,200	SH		OTR	1	75,200	0	0
AON PLC	CL A	G0408V102	866	7,300	SH		SOLE	1	7,300	0	0
APACHE	COM	037411105	548	10,660	SH		SOLE	1	10,660	0	0
APARTMENT INVT & MGMT	CL A	03748R101	258,527	5,829,252	SH		OTR	1	5,829,252	0	0
APARTMENT INVT & MGMT	CL A	03748R101	1,046	23,592	SH		SOLE	1	23,592	0	0
APARTMENT INVT & MGMT CO	PFD CL A 6.875%	03748R762	3,397	128,331	SH		OTR	1	128,331	0	0
APOLLO INVT	COM	03761U106	115	17,600	SH		SOLE	1	17,600	0	0
APPLE	COM	037833100	3,082	21,460	SH		DFND		21,460	0	0
APPLE	COM	037833100	15,425	107,374	SH		OTR	1	107,374	0	0
APPLE	COM	037833100	22,980	159,960	SH		SOLE	1	159,960	0	0
APPLE HOSPITALITY REIT	COM NEW	03784Y200	233	12,200	SH		SOLE	1	12,200	0	0
APPLIED MATLS	COM	038222105	233	5,990	SH		DFND		5,990	0	0
APPLIED MATLS	COM	038222105	1,537	39,500	SH		OTR	1	39,500	0	0
APPLIED MATLS	COM	038222105	7,083	182,070	SH		SOLE	1	182,070	0	0
ARAMARK	COM	03852U106	603	16,350	SH		SOLE	1	16,350	0	0
ARCH CAP GROUP	ORD	G0450A105	862	9,100	SH		SOLE	1	9,100	0	0
ARCHER DANIELS MIDLAND	COM	039483102	734	15,950	SH		SOLE	1	15,950	0	0
ARCONIC	COM	03965L100	579	22,000	SH		OTR	1	22,000	0	0
ARCONIC	COM	03965L100	335	12,733	SH		SOLE	1	12,733	0	0
ARMADA HOFFLER PPTYS	COM	04208T108	33	2,400	SH		SOLE	1	2,400	0	0
ARROW ELECTRS	COM	042735100	180	2,450	SH		SOLE	1	2,450	0	0
ASHFORD HOSPITALITY PRIME	COM	044102101	25	2,373	SH		SOLE	1	2,373	0	0
ASHFORD HOSPITALITY TR INC	SHS	044103109	34	5,400	SH		SOLE	1	5,400	0	0
ASHLAND GLOBAL HLDGS	COM	044186104	210	1,700	SH		SOLE	1	1,700	0	0
ASML HOLDING N V N Y	SHS	N07059210	299	2,254	SH		DFND		2,254	0	0
ASSURANT	COM	04621X108	158	1,650	SH		SOLE	1	1,650	0	0
AT&T	COM	00206R102	2,377	57,200	SH		OTR	1	57,200	0	0
AT&T	COM	00206R102	10,702	257,561	SH		SOLE	1	257,561	0	0
ATLASSIAN CORP	CL A	G06242104	1,718	57,370	SH		OTR	1	57,370	0	0
ATMOS ENERGY	COM	049560105	632	8,000	SH		SOLE	1	8,000	0	0
AUTODESK	COM	052769106	722	8,350	SH		SOLE	1	8,350	0	0
AUTOLIV	COM	052800109	240	2,350	SH		SOLE	1	2,350	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	2,970	29,008	SH		OTR	1	29,008	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	1,884	18,400	SH		SOLE	1	18,400	0	0
AUTONATION	COM	05329W102	72	1,700	SH		SOLE	1	1,700	0	0
AUTOZONE	COM	053332102	1,611	2,228	SH		OTR	1	2,228	0	0
AUTOZONE	COM	053332102	1,236	1,710	SH		SOLE	1	1,710	0	0
AVALONBAY CMNTYS	COM	053484101	471,027	2,565,507	SH		OTR	1	2,565,507	0	0
AVALONBAY CMNTYS	COM	053484101	3,694	20,119	SH		SOLE	1	20,119	0	0
AVANGRID	COM	05351W103	3,575	83,648	SH		OTR	1	83,648	0	0
AVERY DENNISON	COM	053611109	193	2,400	SH		SOLE	1	2,400	0	0
AVID TECHNOLOGY INC	NOTE 2.000% 6/1	05367PAB6	1,420	2,000,000	PRN		DFND	3,4,2	2,000,000	0	0
AVNET	COM	053807103	146	3,200	SH		SOLE	1	3,200	0	0
AXALTA COATING SYS	COM	G0750C108	203	6,300	SH		SOLE	1	6,300	0	0
AXIS CAPITAL HOLDINGS	SHS	G0692U109	188	2,800	SH		SOLE	1	2,800	0	0
B/E AEROSPACE	COM	073302101	580	9,050	SH		SOLE	1	9,050	0	0
BAKER HUGHES	COM	057224107	4,335	72,468	SH		OTR	1	72,468	0	0
BAKER HUGHES	COM	057224107	655	10,954	SH		SOLE	1	10,954	0	0
BALL	COM	058498106	3,096	41,696	SH		OTR	1	41,696	0	0
BALL	COM	058498106	352	4,738	SH		SOLE	1	4,738	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	28	1,100	SH		SOLE	1	1,100	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	50	2,000	SH		SOLE	1	2,000	0	0
BANK AMER	COM	060505104	544	23,097	SH		DFND		23,097	0	0
BANK AMER	COM	060505104	7,635	323,665	SH		OTR	1	323,665	0	0
BANK AMER	COM	060505104	7,911	335,364	SH		SOLE	1	335,364	0	0
BANK N S	COM	064149107	2,079	35,500	SH		OTR	1	35,500	0	0
BANK NEW YORK MELLON	COM	064058100	1,404	29,721	SH		SOLE	1	29,721	0	0
BARD C R	COM	067383109	1,511	6,080	SH		SOLE	1	6,080	0	0
BAXTER INTL	COM	071813109	9,729	187,600	SH		OTR	1	187,600	0	0
BAXTER INTL	COM	071813109	2,085	40,200	SH		SOLE	1	40,200	0	0
BB&T	COM	054937107	1,006	22,500	SH		SOLE	1	22,500	0	0
BECTON DICKINSON &	COM	075887109	1,194	6,510	SH		SOLE	1	6,510	0	0
BED BATH & BEYOND	COM	075896100	180	4,550	SH		SOLE	1	4,550	0	0
BERKLEY W R	COM	084423102	191	2,700	SH		SOLE	1	2,700	0	0
BEST BUY	COM	086516101	1,322	26,900	SH		SOLE	1	26,900	0	0
BIOGEN	COM	09062X103	5,381	19,680	SH		OTR	1	19,680	0	0
BIOGEN	COM	09062X103	1,649	6,030	SH		SOLE	1	6,030	0	0
BIOMARIN PHARMACEUTICAL	COM	09061G101	430	4,900	SH		SOLE	1	4,900	0	0
BLACKROCK	COM	09247X101	16,110	42,006	SH		OTR	1	42,006	0	0
BLACKROCK	COM	09247X101	2,460	6,415	SH		SOLE	1	6,415	0	0
BLOCK H & R	COM	093671105	156	6,700	SH		SOLE	1	6,700	0	0
BLUEROCK RESIDENTIAL GRW REI	CL A	09627J102	23	1,900	SH		SOLE	1	1,900	0	0
BOEING	COM	097023105	2,618	14,800	SH		OTR	1	14,800	0	0
BOEING	COM	097023105	10,221	57,790	SH		SOLE	1	57,790	0	0
BORGWARNER	COM	099724106	238	5,700	SH		SOLE	1	5,700	0	0
BOSTON PROPERTIES	COM	101121101	3,045	23,000	SH		SOLE	1	23,000	0	0
BOSTON SCIENTIFIC	COM	101137107	2,288	91,997	SH		SOLE	1	91,997	0	0
BRF SA	ADR	10552T107	102	8,300	SH		SOLE	1	8,300	0	0
BRF SA	ADR	10552T107	3,828	312,459	SH		SOLE	1	312,459	0	0
BRISTOL MYERS SQUIBB	COM	110122108	10,852	199,553	SH		OTR	1	199,553	0	0
BRISTOL MYERS SQUIBB	COM	110122108	2,531	46,550	SH		SOLE	1	46,550	0	0
BRIXMOR PPTY GROUP	COM	11120U105	331,320	15,438,945	SH		OTR	1	15,438,945	0	0
BRIXMOR PPTY GROUP	COM	11120U105	622	29,000	SH		SOLE	1	29,000	0	0
BROADCOM	SHS	Y09827109	167	763	SH		OTR	1	763	0	0
BROADCOM	SHS	Y09827109	16,661	76,090	SH		OTR	1	76,090	0	0
BROADCOM	SHS	Y09827109	7,573	34,586	SH		SOLE	1	34,586	0	0
BROADRIDGE FINL SOLUTIONS	COM	11133T103	234	3,450	SH		SOLE	1	3,450	0	0
BUNGE	COM	G16962105	293	3,700	SH		SOLE	1	3,700	0	0
C H ROBINSON WORLDWIDE	COM NEW	12541W209	309	4,000	SH		SOLE	1	4,000	0	0
CA	COM	12673P105	267	8,405	SH		SOLE	1	8,405	0	0
CA	CALL	12673P905	52	497	SH		DFND	3,4,2	497	0	0
CA	CALL	12673P905	87	1,516	SH		DFND	3,4,2	1,516	0	0
CABOT OIL & GAS	COM	127097103	295	12,350	SH		SOLE	1	12,350	0	0
CADENCE DESIGN SYSTEM	COM	127387108	270	8,600	SH		SOLE	1	8,600	0	0
CALPINE	COM NEW	131347304	93	8,400	SH		SOLE	1	8,400	0	0
CAMPBELL SOUP	COM	134429109	309	5,400	SH		SOLE	1	5,400	0	0
CAPITAL ONE FINL	COM	14040H105	1,305	15,054	SH		SOLE	1	15,054	0	0
CARDINAL HEALTH	COM	14149Y108	734	9,000	SH		SOLE	1	9,000	0	0
CARE CAP PPTYS	COM	141624106	175	6,505	SH		SOLE	1	6,505	0	0
CARETRUST REIT	COM	14174T107	89	5,306	SH		SOLE	1	5,306	0	0
CARMAX	COM	143130102	9,499	160,400	SH		OTR	1	160,400	0	0
CARMAX	COM	143130102	299	5,050	SH		SOLE	1	5,050	0	0
CATERPILLAR INC	COM	149123101	331	3,572	SH		DFND		3,572	0	0
CATERPILLAR INC	COM	149123101	7,031	75,800	SH		OTR	1	75,800	0	0
CATERPILLAR INC	COM	149123101	12,166	131,160	SH		SOLE	1	131,160	0	0
CBL & ASSOC PPTYS	COM	124830100	125	13,145	SH		SOLE	1	13,145	0	0
CBRE GROUP	CL A	12504L109	6,064	174,300	SH		OTR	1	174,300	0	0
CBRE GROUP	CL A	12504L109	289	8,300	SH		SOLE	1	8,300	0	0
CDK GLOBAL	COM	12508E101	228	3,500	SH		SOLE	1	3,500	0	0
CDW	COM	12514G108	8,328	144,300	SH		OTR	1	144,300	0	0
CDW	COM	12514G108	251	4,350	SH		SOLE	1	4,350	0	0
CEDAR REALTY TRUST	COM NEW	150602209	28	5,500	SH		SOLE	1	5,500	0	0
CELGENE	COM	151020104	3,129	25,150	SH		SOLE	1	25,150	0	0
CENCOSUD S A	SPONSORED ADS	15132H101	62	6,700	SH		SOLE	1	6,700	0	0
CENTENE CORP	COM	15135B101	349	4,900	SH		SOLE	1	4,900	0	0
CENTERPOINT ENERGY	COM	15189T107	2,308	83,700	SH		OTR	1	83,700	0	0
CENTERPOINT ENERGY	COM	15189T107	303	11,000	SH		SOLE	1	11,000	0	0
CENTURYLINK	COM	156700106	368	15,592	SH		SOLE	1	15,592	0	0
CERNER	COM	156782104	497	8,450	SH		SOLE	1	8,450	0	0
CF INDS HLDGS	COM	125269100	194	6,600	SH		SOLE	1	6,600	0	0
CHARTER COMMUNICATIONS INC	CL A	16119P108	11,947	36,500	SH		OTR	1	36,500	0	0
CHARTER COMMUNICATIONS INC	CL A	16119P108	1,983	6,058	SH		SOLE	1	6,058	0	0
CHATHAM LODGING	COM	16208T102	59	3,000	SH		SOLE	1	3,000	0	0
CHECK POINT SOFTWARE TECH	ORD	M22465104	380	3,700	SH		SOLE	1	3,700	0	0
CHENIERE ENERGY	COM NEW	16411R208	269	5,700	SH		SOLE	1	5,700	0	0
CHEVRON CORP	COM	166764100	1,729	16,100	SH		OTR	1	16,100	0	0
CHEVRON CORP	COM	166764100	6,510	60,628	SH		SOLE	1	60,628	0	0
CHICAGO BRIDGE & IRON CO N	COM	167250109	947	30,810	SH		DFND		30,810	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	490	1,100	SH		DFND	3,4,2	1,100	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	1,109	2,490	SH		SOLE	1	2,490	0	0
CHIPOTLE MEXICAN GRILL	PUT	169656955	52	125	SH		DFND	3,4,2	125	0	0
CHUBB	COM	H1467J104	202	1,480	SH		OTR	1	1,480	0	0
CHUBB	COM	H1467J104	1,745	12,809	SH		SOLE	1	12,809	0	0
CHURCH & DWIGHT	COM	171340102	898	18,000	SH		SOLE	1	18,000	0	0
CIENA	PUT	171779959	74	750	SH		DFND	3,4,2	750	0	0
CIGNA	COM	125509109	1,062	7,250	SH		SOLE	1	7,250	0	0
CIMAREX ENERGY	COM	171798101	305	2,550	SH		SOLE	1	2,550	0	0
CINCINNATI FINL	COM	172062101	879	12,165	SH		SOLE	1	12,165	0	0
CINTAS	COM	172908105	3,312	26,170	SH		OTR	1	26,170	0	0
CINTAS	COM	172908105	898	7,100	SH		SOLE	1	7,100	0	0
CISCO SYS	COM	17275R102	1,950	57,700	SH		OTR	1	57,700	0	0
CISCO SYS	COM	17275R102	6,990	206,810	SH		SOLE	1	206,810	0	0
CIT GROUP	COM NEW	125581801	232	5,400	SH		SOLE	1	5,400	0	0
CITIGROUP	COM NEW	172967424	18,142	303,270	SH		OTR	1	303,270	0	0
CITIGROUP	COM NEW	172967424	4,771	79,753	SH		SOLE	1	79,753	0	0
CITIZENS FINL GROUP	COM	174610105	479	13,850	SH		SOLE	1	13,850	0	0
CITRIX SYS	COM	177376100	384	4,600	SH		SOLE	1	4,600	0	0
CITY OFFICE REIT	COM	178587101	19	1,600	SH		SOLE	1	1,600	0	0
CLEAN HARBORS	COM	184496107	3,218	57,861	SH		OTR	1	57,861	0	0
CLOROX CO	COM	189054109	485	3,600	SH		SOLE	1	3,600	0	0
CME GROUP	COM	12572Q105	1,123	9,450	SH		SOLE	1	9,450	0	0
CMS ENERGY	COM	125896100	336	7,500	SH		SOLE	1	7,500	0	0
COACH	COM	189754104	1,228	29,700	SH		SOLE	1	29,700	0	0
COCA COLA	COM	191216100	7,695	181,310	SH		SOLE	1	181,310	0	0
COGNIZANT TECHNOLOGY	CL A	192446102	5,618	94,396	SH		OTR	1	94,396	0	0
COGNIZANT TECHNOLOGY	CL A	192446102	1,018	17,100	SH		SOLE	1	17,100	0	0
COLGATE PALMOLIVE	COM	194162103	7,107	97,100	SH		SOLE	1	97,100	0	0
COLONY NORTHSTAR INC CL	COM	19625W104	1,037	80,360	SH		SOLE	1	80,360	0	0
COLONY STARWOOD	COM	19625X102	96,383	2,838,974	SH		OTR	1	2,838,974	0	0
COLONY STARWOOD	COM	19625X102	261	7,700	SH		SOLE	1	7,700	0	0
COLUMBIA PPTY TR	COM NEW	198287203	216	9,700	SH		SOLE	1	9,700	0	0
COMCAST CORP	CL A	20030N101	6,953	184,970	SH		SOLE	1	184,970	0	0
COMERICA	COM	200340107	322	4,700	SH		SOLE	1	4,700	0	0
COMMSCOPE HLDG CO	COM	20337X109	7,668	183,850	SH		OTR	1	183,850	0	0
COMMUNITY HEALTHCARE TR	COM	20369C106	24	1,000	SH		SOLE	1	1,000	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	12	600	SH		SOLE	1	600	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	1,548	80,600	SH		SOLE	1	80,600	0	0
COMPANHIA DE SANEAMENTO BASI	ADR	20441A102	1,651	158,600	SH		SOLE	1	158,600	0	0
COMPANHIA SIDERURGICA NACION	ADR	20440W105	900	308,200	SH		SOLE	1	308,200	0	0
COMPANIA DE MINAS BUENAVENTU	ADR	204448104	42	3,500	SH		SOLE	1	3,500	0	0
COMPANIA DE MINAS BUENAVENTU	ADR	204448104	18	1,500	SH		SOLE	1	1,500	0	0
COMPUTER SCIENCES	COM	205363104	290	4,200	SH		SOLE	1	4,200	0	0
CONAGRA BRANDS	COM	205887102	456	11,300	SH		SOLE	1	11,300	0	0
CONCHO RES	COM	20605P101	539	4,200	SH		SOLE	1	4,200	0	0
CONOCPHILLIPS	COM	20825C104	1,745	35,000	SH		SOLE	1	35,000	0	0
CONSOLIDATED EDISON	COM	209115104	1,747	22,500	SH		SOLE	1	22,500	0	0
CONSTELLATION BRANDS	CL A	21036P108	2,134	13,170	SH		SOLE	1	13,170	0	0
CONTINENTAL RESOURCES	COM	212015101	116	2,550	SH		SOLE	1	2,550	0	0
COOPER COS	COM NEW	216648402	270	1,350	SH		SOLE	1	1,350	0	0
COPART	COM	217204106	235	3,800	SH		SOLE	1	3,800	0	0
CORE LABORATORIES N	COM	N22717107	474	4,100	SH		SOLE	1	4,100	0	0
CORECIVIC	COM	21871N101	84,381	2,685,592	SH		OTR	1	2,685,592	0	0
CORECIVIC	COM	21871N101	290	9,235	SH		SOLE	1	9,235	0	0
CORESITE RLTY	COM	21870Q105	234	2,600	SH		SOLE	1	2,600	0	0
CORNING	COM	219350105	3,853	142,700	SH		SOLE	1	142,700	0	0
COSTAR GROUP	COM	22160N109	186	900	SH		SOLE	1	900	0	0
COSTCO WHSL CORP	COM	22160K105	2,037	12,150	SH		SOLE	1	12,150	0	0
COTY INC	CL A	222070203	5,067	279,499	SH		OTR	1	279,499	0	0
COTY INC	CL A	222070203	246	13,556	SH		SOLE	1	13,556	0	0
COUSINS PPTYS	COM	222795106	180,852	21,868,393	SH		OTR	1	21,868,393	0	0
COUSINS PPTYS	COM	222795106	273	33,053	SH		SOLE	1	33,053	0	0
CPFL ENERGIA S A	ADR	126153105	26	1,600	SH		SOLE	1	1,600	0	0
CREDICORP	COM	G2519Y108	131	800	SH		SOLE	1	800	0	0
CREDICORP	COM	G2519Y108	82	500	SH		SOLE	1	500	0	0
CROWN CASTLE INTL CORP	COM	22822V101	255,958	2,709,980	SH		OTR	1	2,709,980	0	0
CROWN CASTLE INTL CORP	COM	22822V101	945	10,000	SH		SOLE	1	10,000	0	0
CROWN HOLDINGS	COM	228368106	207	3,900	SH		SOLE	1	3,900	0	0
CSX	COM	126408103	13,797	296,400	SH		SOLE	1	296,400	0	0
CTRIP COM INTL LTD AMERICAN	SHS	22943F100	777	15,800	SH		SOLE	1	15,800	0	0
CUBESMART	COM	229663109	371	14,300	SH		SOLE	1	14,300	0	0
CUMMINS	COM	231021106	1,724	11,400	SH		OTR	1	11,400	0	0
CUMMINS	COM	231021106	2,616	17,300	SH		SOLE	1	17,300	0	0
CVS HEALTH	COM	126650100	586	7,461	SH		OTR	1	7,461	0	0
CVS HEALTH	COM	126650100	2,302	29,324	SH		SOLE	1	29,324	0	0
CVS HEALTH	CALL	126650900	72	500	SH		DFND	3,4,2	500	0	0
CYRUSONE	COM	23283R100	10,959	212,928	SH		OTR	1	212,928	0	0
CYRUSONE	COM	23283R100	299	5,800	SH		SOLE	1	5,800	0	0
D R HORTON	COM	23331A109	314	9,416	SH		SOLE	1	9,416	0	0
DANA	COM	235825205	114	5,900	SH		SOLE	1	5,900	0	0
DANAHER CORP	COM	235851102	1,484	17,350	SH		SOLE	1	17,350	0	0
DARDEN RESTAURANTS	COM	237194105	749	8,950	SH		SOLE	1	8,950	0	0
DAVITA	COM	23918K108	299	4,400	SH		SOLE	1	4,400	0	0
DCT INDUSTRIAL TRUST	COM NEW	233153204	351	7,300	SH		SOLE	1	7,300	0	0
DDR	COM	23317H102	58,296	4,652,552	SH		OTR	1	4,652,552	0	0
DDR	COM	23317H102	300	23,958	SH		SOLE	1	23,958	0	0
DEERE &	COM	244199105	827	7,600	SH		SOLE	1	7,600	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	141	1,750	SH		OTR	1	1,750	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	14,920	185,363	SH		OTR	1	185,363	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	604	7,500	SH		SOLE	1	7,500	0	0
DELTA AIR LINES INC	COM NEW	247361702	1,246	27,100	SH		OTR	1	27,100	0	0
DELTA AIR LINES INC	COM NEW	247361702	3,116	67,790	SH		SOLE	1	67,790	0	0
DENTSPLY SIRONA	COM	24906P109	396	6,350	SH		SOLE	1	6,350	0	0
DEVON ENERGY CORP	COM	25179M103	559	13,400	SH		SOLE	1	13,400	0	0
DEXCOM	COM	252131107	195	2,300	SH		SOLE	1	2,300	0	0
DIAMONDBACK ENERGY	COM	25278X109	275	2,650	SH		SOLE	1	2,650	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	171	15,342	SH		SOLE	1	15,342	0	0
DICKS SPORTING GOODS	COM	253393102	433	8,900	SH		SOLE	1	8,900	0	0
DIGITAL RLTY TR	COM	253868103	486,907	4,576,620	SH		OTR	1	4,576,620	0	0
DIGITAL RLTY TR	COM	253868103	3,319	31,200	SH		SOLE	1	31,200	0	0
DISCOVER FINL	COM	254709108	1,464	21,400	SH		OTR	1	21,400	0	0
DISCOVER FINL	COM	254709108	1,362	19,910	SH		SOLE	1	19,910	0	0
DISH NETWORK	CL A	25470M109	2,079	32,753	SH		OTR	1	32,753	0	0
DISH NETWORK	CL A	25470M109	403	6,350	SH		SOLE	1	6,350	0	0
DISH NETWORK	PUT	25470M959	45	2,000	SH		DFND	3,4,2	2,000	0	0
DOLLAR GEN CORP	COM	256677105	767	11,000	SH		SOLE	1	11,000	0	0
DOLLAR TREE	COM	256746108	508	6,470	SH		SOLE	1	6,470	0	0
DOMINION RES INC VA	COM	25746U109	1,338	17,250	SH		SOLE	1	17,250	0	0
DOMINOS PIZZA	COM	25754A201	1,180	6,400	SH		SOLE	1	6,400	0	0
DOUGLAS EMMETT	COM	25960P109	231,192	6,020,630	SH		OTR	1	6,020,630	0	0
DOUGLAS EMMETT	COM	25960P109	922	24,000	SH		SOLE	1	24,000	0	0
DOVER	COM	260003108	9,767	121,550	SH		SOLE	1	121,550	0	0
DOW CHEM	COM	260543103	1,614	25,400	SH		OTR	1	25,400	0	0
DOW CHEM	COM	260543103	4,473	70,400	SH		SOLE	1	70,400	0	0
DR PEPPER SNAPPLE GROUP	COM	26138E109	477	4,874	SH		SOLE	1	4,874	0	0
DTE ENERGY	COM	233331107	531	5,200	SH		SOLE	1	5,200	0	0
DU PONT E I DE NEMOURS &	COM	263534109	2,358	29,360	SH		SOLE	1	29,360	0	0
DUKE ENERGY CORP	COM NEW	26441C204	2,334	28,466	SH		SOLE	1	28,466	0	0
DUKE REALTY	COM NEW	264411505	161,181	6,135,541	SH		OTR	1	6,135,541	0	0
DUKE REALTY	COM NEW	264411505	2,091	79,600	SH		SOLE	1	79,600	0	0
DUN & BRADSTREET CORP DEL	COM	26483E100	108	1,000	SH		SOLE	1	1,000	0	0
DUPONT FABROS TECHNOLOGY	COM	26613Q106	32,935	664,144	SH		OTR	1	664,144	0	0
DUPONT FABROS TECHNOLOGY	COM	26613Q106	302	6,100	SH		SOLE	1	6,100	0	0
E TRADE FINANCIAL	COM NEW	269246401	276	7,900	SH		SOLE	1	7,900	0	0
EAGLE MATERIALS	COM	26969P108	6,732	69,300	SH		SOLE	1	69,300	0	0
EASTERLY GOVT PPTYS	COM	27616P103	36	1,800	SH		SOLE	1	1,800	0	0
EASTGROUP PPTY	COM	277276101	184	2,500	SH		SOLE	1	2,500	0	0
EASTMAN CHEM	COM	277432100	331	4,100	SH		SOLE	1	4,100	0	0
EATON CORP	SHS	G29183103	222	3,000	SH		OTR	1	3,000	0	0
EATON CORP	SHS	G29183103	7,000	94,406	SH		OTR	1	94,406	0	0
EATON CORP	SHS	G29183103	2,632	35,500	SH		OTR	1	35,500	0	0
EATON CORP	SHS	G29183103	11,245	151,648	SH		SOLE	1	151,648	0	0
EBAY	COM	278642103	2,603	77,550	SH		SOLE	1	77,550	0	0
ECOLAB	COM	278865100	928	7,400	SH		SOLE	1	7,400	0	0
EDGEWELL PERS CARE	COM	28035Q102	132	1,800	SH		SOLE	1	1,800	0	0
EDISON	COM	281020107	2,197	27,600	SH		SOLE	1	27,600	0	0
EDUCATION RLTY TR	COM NEW	28140H203	213,207	5,219,277	SH		OTR	1	5,219,277	0	0
EDUCATION RLTY TR	COM NEW	28140H203	230	5,633	SH		SOLE	1	5,633	0	0
EDWARDS LIFESCIENCES	COM	28176E108	1,359	14,450	SH		SOLE	1	14,450	0	0
ELECTRONIC ARTS	COM	285512109	3,155	35,244	SH		OTR	1	35,244	0	0
ELECTRONIC ARTS	COM	285512109	953	10,650	SH		SOLE	1	10,650	0	0
EMBRAER S A SP ADR REP	COM	29082A107	18	800	SH		SOLE	1	800	0	0
EMBRAER S A SP ADR REP	COM	29082A107	305	13,800	SH		SOLE	1	13,800	0	0
EMCOR GROUP	COM	29084Q100	2,524	40,100	SH		SOLE	1	40,100	0	0
EMERSON ELEC	COM	291011104	11,355	189,700	SH		SOLE	1	189,700	0	0
EMPIRE ST RLTY TR	CL A	292104106	125,910	6,100,314	SH		OTR	1	6,100,314	0	0
EMPIRE ST RLTY TR	CL A	292104106	196	9,500	SH		SOLE	1	9,500	0	0
ENEL AMERICAS S A	ADR	29274F104	71	6,880	SH		SOLE	1	6,880	0	0
ENEL AMERICAS S A	ADR	29274F104	21	2,000	SH		SOLE	1	2,000	0	0
ENEL CHILE S A	ADR	29278D105	29	5,200	SH		SOLE	1	5,200	0	0
ENEL CHILE S A	ADR	29278D105	19	3,500	SH		SOLE	1	3,500	0	0
ENEL GENERACION CHILE S A	ADR	29244T101	22	1,000	SH		SOLE	1	1,000	0	0
ENEL GENERACION CHILE S A	ADR	29244T101	33	1,500	SH		SOLE	1	1,500	0	0
ENTERGY CORP	COM	29364G103	380	5,000	SH		SOLE	1	5,000	0	0
ENVISION HEALTHCARE	COM	29414D100	194	3,169	SH		SOLE	1	3,169	0	0
EOG RES	COM	26875P101	8,151	83,561	SH		OTR	1	83,561	0	0
EOG RES	COM	26875P101	1,561	16,000	SH		SOLE	1	16,000	0	0
EPR PPTYS CONV	PFD 9% SR E	26884U307	1,076	30,070	SH		OTR	1	30,070	0	0
EQT	COM	26884L109	309	5,050	SH		SOLE	1	5,050	0	0
EQUIFAX	COM	294429105	1,646	12,036	SH		OTR	1	12,036	0	0
EQUIFAX	COM	294429105	1,162	8,500	SH		SOLE	1	8,500	0	0
EQUITY COMWLTH	CUM PFD S D 6.5%	294628201	3,128	122,377	SH		OTR	1	122,377	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	139,122	1,805,373	SH		OTR	1	1,805,373	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	493	6,400	SH		SOLE	1	6,400	0	0
ESSEX PPTY TR	COM	297178105	541,988	2,340,898	SH		OTR	1	2,340,898	0	0
ESSEX PPTY TR	COM	297178105	2,315	9,997	SH		SOLE	1	9,997	0	0
ETFS PLATINUM	TR SH BEN INT	26922V101	27	300	SH		SOLE	1	300	0	0
EVEREST RE GROUP	COM	G3223R108	3,881	16,600	SH		SOLE	1	16,600	0	0
EVERSOURCE	COM	30040W108	525	8,930	SH		SOLE	1	8,930	0	0
EXELON	COM	30161N101	918	25,526	SH		SOLE	1	25,526	0	0
EXPEDIA INC	COM NEW	30212P303	6,679	52,939	SH		OTR	1	52,939	0	0
EXPEDIA INC	COM NEW	30212P303	760	6,025	SH		SOLE	1	6,025	0	0
EXPEDITORS INTL WASH	COM	302130109	268	4,750	SH		SOLE	1	4,750	0	0
EXPRESS SCRIPTS HLDG	COM	30219G108	2,461	37,345	SH		SOLE	1	37,345	0	0
EXTRA SPACE STORAGE	COM	30225T102	394,853	5,307,871	SH		OTR	1	5,307,871	0	0
EXTRA SPACE STORAGE	COM	30225T102	1,425	19,150	SH		SOLE	1	19,150	0	0
EXXON MOBIL	COM	30231G102	700	8,537	SH		DFND		8,537	0	0
EXXON MOBIL	COM	30231G102	1,981	24,153	SH		OTR	1	24,153	0	0
EXXON MOBIL	COM	30231G102	14,294	174,291	SH		SOLE	1	174,291	0	0
F M C	COM NEW	302491303	275	3,950	SH		SOLE	1	3,950	0	0
F5 NETWORKS	COM	315616102	1,019	7,150	SH		SOLE	1	7,150	0	0
FACEBOOK	CL A	30303M102	756	5,326	SH		DFND		5,326	0	0
FACEBOOK	CL A	30303M102	11,808	83,129	SH		OTR	1	83,129	0	0
FACEBOOK	CL A	30303M102	24,077	169,500	SH		SOLE	1	169,500	0	0
FARMLAND PARTNERS	COM	31154R109	21	1,900	SH		SOLE	1	1,900	0	0
FASTENAL	COM	311900104	409	7,950	SH		SOLE	1	7,950	0	0
FEDEX	COM	31428X106	511	2,616	SH		OTR	1	2,616	0	0
FEDEX	COM	31428X106	1,376	7,050	SH		SOLE	1	7,050	0	0
FELCOR LODGING TR	COM	31430F101	74	9,900	SH		SOLE	1	9,900	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	23	2,500	SH		SOLE	1	2,500	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	407	44,500	SH		SOLE	1	44,500	0	0
FIDELITY NATIONAL FINANCIAL FNF	COM	31620R303	266	6,838	SH		SOLE	1	6,838	0	0
FIDELITY NATL INFORMATION	COM	31620M106	2,505	31,465	SH		OTR	1	31,465	0	0
FIDELITY NATL INFORMATION	COM	31620M106	703	8,829	SH		SOLE	1	8,829	0	0
FIFTH THIRD	COM	316773100	140	5,515	SH		OTR	1	5,515	0	0
FIFTH THIRD	COM	316773100	530	20,850	SH		SOLE	1	20,850	0	0
FIREEYE	COM	31816Q101	2,586	205,148	SH		DFND		205,148	0	0
FIRST AMERN FINL	COM	31847R102	169	4,300	SH		OTR	1	4,300	0	0
FIRST DATA CORP NEW	CL A	32008D106	140	9,050	SH		SOLE	1	9,050	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	237	8,900	SH		SOLE	1	8,900	0	0
FIRST POTOMAC RLTY	COM	33610F109	40	3,900	SH		SOLE	1	3,900	0	0
FIRST REP BK SAN FRANCISCO	COM	33616C100	427	4,550	SH		SOLE	1	4,550	0	0
FIRST SOLAR	COM	336433107	650	24,000	SH		DFND		24,000	0	0
FIRSTENERGY	COM	337932107	385	12,085	SH		SOLE	1	12,085	0	0
FISERV	COM	337738108	2,744	23,800	SH		SOLE	1	23,800	0	0
FLEETCOR TECHNOLOGIES	COM	339041105	398	2,630	SH		SOLE	1	2,630	0	0
FLEX	ORD	Y2573F102	247	14,700	SH		SOLE	1	14,700	0	0
FLIR SYS	COM	302445101	141	3,900	SH		SOLE	1	3,900	0	0
FLOWSERVE	COM	34354P105	4,827	99,700	SH		SOLE	1	99,700	0	0
FLUOR CORP	COM	343412102	10,429	198,200	SH		SOLE	1	198,200	0	0
FOOT LOCKER	COM	344849104	920	12,300	SH		SOLE	1	12,300	0	0
FOREST CITY RLTY TR INC	CL A	345605109	372	17,100	SH		SOLE	1	17,100	0	0
FORTINET	COM	34959E109	174	4,550	SH		SOLE	1	4,550	0	0
FORTIVE	COM	34959J108	2,014	33,451	SH		OTR	1	33,451	0	0
FORTIVE	COM	34959J108	524	8,700	SH		SOLE	1	8,700	0	0
FORTUNE BRANDS HOME & SEC	COM	34964C106	6,413	105,398	SH		OTR	1	105,398	0	0
FORTUNE BRANDS HOME & SEC	COM	34964C106	761	12,500	SH		SOLE	1	12,500	0	0
FOUR CORNERS PPTY TR	COM	35086T109	12,495	547,326	SH		OTR	1	547,326	0	0
FOUR CORNERS PPTY TR	COM	35086T109	109	4,775	SH		SOLE	1	4,775	0	0
FRANKLIN RES	COM	354613101	430	10,200	SH		SOLE	1	10,200	0	0
FRANKLIN STREET PPTYS	COM	35471R106	103	8,500	SH		SOLE	1	8,500	0	0
FRONTIER COMMUNICATIONS	COM	35906A108	59	27,763	SH		SOLE	1	27,763	0	0
GALLAGHER ARTHUR J &	COM	363576109	271	4,800	SH		SOLE	1	4,800	0	0
GAMING & LEISURE PPTYS	COM	36467J108	518	15,500	SH		SOLE	1	15,500	0	0
GAP INC	COM	364760108	534	22,000	SH		SOLE	1	22,000	0	0
GARMIN	SHS	H2906T109	565	11,050	SH		SOLE	1	11,050	0	0
GARTNER	COM	366651107	259	2,400	SH		SOLE	1	2,400	0	0
GENERAL DYNAMICS	COM	369550108	2,435	13,010	SH		OTR	1	13,010	0	0
GENERAL DYNAMICS	COM	369550108	1,348	7,200	SH		SOLE	1	7,200	0	0
GENERAL ELECTRIC	COM	369604103	8,467	284,111	SH		OTR	1	284,111	0	0
GENERAL ELECTRIC	COM	369604103	11,633	390,360	SH		SOLE	1	390,360	0	0
GENERAL MLS	COM	370334104	1,416	24,000	SH		SOLE	1	24,000	0	0
GENERAL MTRS	COM	37045V100	357	10,100	SH		DFND		10,100	0	0
GENERAL MTRS	COM	37045V100	14,876	420,700	SH		OTR	1	420,700	0	0
GENERAL MTRS	COM	37045V100	2,051	58,000	SH		SOLE	1	58,000	0	0
GENUINE PARTS	COM	372460105	397	4,300	SH		SOLE	1	4,300	0	0
GEO GROUP INC	COM	36162J106	110,302	2,378,737	SH		OTR	1	2,378,737	0	0
GEO GROUP INC	COM	36162J106	297	6,400	SH		SOLE	1	6,400	0	0
GETTY RLTY CORP	COM	374297109	53	2,104	SH		SOLE	1	2,104	0	0
GGP	COM	36174X101	1,974	85,177	SH		SOLE	1	85,177	0	0
GILEAD SCIENCES	COM	375558103	5,401	79,525	SH		DFND		79,525	0	0
GILEAD SCIENCES	COM	375558103	1,107	16,300	SH		OTR	1	16,300	0	0
GILEAD SCIENCES	COM	375558103	6,758	99,500	SH		SOLE	1	99,500	0	0
GLADSTONE COML	COM	376536108	37	1,800	SH		SOLE	1	1,800	0	0
GLOBAL NET LEASE	COM NEW	379378201	110	4,566	SH		SOLE	1	4,566	0	0
GLOBAL PMTS	COM	37940X102	6,853	84,943	SH		OTR	1	84,943	0	0
GLOBAL PMTS	COM	37940X102	359	4,450	SH		SOLE	1	4,450	0	0
GMS	COM	36251C103	2,540	72,500	SH		SOLE	1	72,500	0	0
GOGO	COM	38046C109	6,655	605,000	SH		DFND	3,4,2	605,000	0	0
GOGO INC	NOTE 3.750% 3/0	38046CAB5	6,178	7,500,000	PRN		DFND	3,4,2	7,500,000	0	0
GOLDMAN SACHS GROUP	COM	38141G104	316	1,376	SH		DFND		1,376	0	0
GOLDMAN SACHS GROUP	COM	38141G104	1,309	5,700	SH		OTR	1	5,700	0	0
GOLDMAN SACHS GROUP	COM	38141G104	6,561	28,560	SH		SOLE	1	28,560	0	0
GOODYEAR TIRE & RUBR	COM	382550101	263	7,300	SH		SOLE	1	7,300	0	0
GRACE W R & CO DEL	COM	38388F108	122	1,750	SH		SOLE	1	1,750	0	0
GRAINGER W W	COM	384802104	8,857	38,050	SH		SOLE	1	38,050	0	0
GRAMERCY PPTY	COM NEW	385002308	288	10,940	SH		SOLE	1	10,940	0	0
GRANITE CONSTR	COM	387328107	2,324	46,300	SH		SOLE	1	46,300	0	0
GRAPHIC PACKAGING HLDG	COM	388689101	2,459	191,067	SH		OTR	1	191,067	0	0
GREENBRIER COS	COM	393657101	3,810	88,400	SH		SOLE	1	88,400	0	0
GRUPO TELEVISA SA SPON ADR	ORD	40049J206	3,045	117,400	SH		OTR	1	117,400	0	0
GUIDEWIRE SOFTWARE	COM	40171V100	4,317	76,640	SH		OTR	1	76,640	0	0
H & E EQUIPMENT SERVICES	COM	404030108	2,945	120,100	SH		SOLE	1	120,100	0	0
HALLIBURTON	COM	406216101	1,176	23,900	SH		SOLE	1	23,900	0	0
HANESBRANDS	COM	410345102	212	10,200	SH		SOLE	1	10,200	0	0
HARLEY DAVIDSON	COM	412822108	290	4,800	SH		SOLE	1	4,800	0	0
HARRIS CORP	COM	413875105	1,163	10,450	SH		SOLE	1	10,450	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	165	3,440	SH		OTR	1	3,440	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	1,440	29,950	SH		SOLE	1	29,950	0	0
HASBRO	COM	418056107	319	3,200	SH		SOLE	1	3,200	0	0
HAWAIIAN HOLDINGS	COM	419879101	279	6,000	SH		SOLE	1	6,000	0	0
HCA HOLDINGS	COM	40412C101	13,936	156,604	SH		OTR	1	156,604	0	0
HCA HOLDINGS	COM	40412C101	1,899	21,340	SH		SOLE	1	21,340	0	0
HCP	COM	40414L109	308,336	9,857,294	SH		OTR	1	9,857,294	0	0
HCP	COM	40414L109	2,071	66,200	SH		SOLE	1	66,200	0	0
HEALTHCARE RLTY	COM	421946104	293	9,000	SH		SOLE	1	9,000	0	0
HELMERICH & PAYNE	COM	423452101	177	2,666	SH		OTR	1	2,666	0	0
HELMERICH & PAYNE	COM	423452101	213	3,200	SH		SOLE	1	3,200	0	0
HERBALIFE LTD	NOTE 2.000% 8/1	42703MAB9	3,347	3,500,000	PRN		DFND	3,4,2	3,500,000	0	0
HERC HLDGS	COM	42704L104	4,899	100,200	SH		SOLE	1	100,200	0	0
HERSHEY	COM	427866108	1,409	12,900	SH		SOLE	1	12,900	0	0
HESS	COM	42809H107	378	7,850	SH		SOLE	1	7,850	0	0
HEWLETT PACKARD ENTERPRISE	COM	42824C109	2,896	163,100	SH		SOLE	1	163,100	0	0
HIGHWOODS PPTYS	COM	431284108	209,528	4,264,758	SH		OTR	1	4,264,758	0	0
HIGHWOODS PPTYS	COM	431284108	388	7,900	SH		SOLE	1	7,900	0	0
HILTON WORLDWIDE HLDGS	COM	43300A203	2,770	47,391	SH		OTR	1	47,391	0	0
HILTON WORLDWIDE HLDGS	COM	43300A203	654	11,182	SH		SOLE	1	11,182	0	0
HOLLYFRONTIER	COM	436106108	142	5,000	SH		SOLE	1	5,000	0	0
HOLOGIC	COM	436440101	291	6,850	SH		SOLE	1	6,850	0	0
HOME DEPOT	COM	437076102	2,198	14,971	SH		OTR	1	14,971	0	0
HOME DEPOT	COM	437076102	6,264	42,660	SH		SOLE	1	42,660	0	0
HONEYWELL INTL	COM	438516106	7,939	63,579	SH		OTR	1	63,579	0	0
HONEYWELL INTL	COM	438516106	3,047	24,400	SH		SOLE	1	24,400	0	0
HORMEL FOODS	COM	440452100	828	23,900	SH		SOLE	1	23,900	0	0
HOST HOTELS & RESORTS	COM	44107P104	409,469	21,943,703	SH		OTR	1	21,943,703	0	0
HOST HOTELS & RESORTS	COM	44107P104	2,053	110,008	SH		SOLE	1	110,008	0	0
HP	COM	40434L105	1,795	100,400	SH		SOLE	1	100,400	0	0
HUDSON PAC PPTYS	COM	444097109	158,019	4,561,738	SH		OTR	1	4,561,738	0	0
HUDSON PAC PPTYS	COM	444097109	416	12,000	SH		SOLE	1	12,000	0	0
HUMANA	COM	444859102	876	4,250	SH		SOLE	1	4,250	0	0
HUNT J B TRANS SVCS	COM	445658107	239	2,600	SH		SOLE	1	2,600	0	0
HUNTINGTON BANCSHARES	COM	446150104	147	11,000	SH		OTR	1	11,000	0	0
HUNTINGTON BANCSHARES	COM	446150104	404	30,150	SH		SOLE	1	30,150	0	0
HUNTINGTON INGALLS INDS	COM	446413106	260	1,300	SH		SOLE	1	1,300	0	0
ICICI BK	ADR	45104G104	3,354	390,000	SH		SOLE	1	390,000	0	0
IDEXX LABS	COM	45168D104	1,855	12,000	SH		SOLE	1	12,000	0	0
IHS MARKIT	SHS	G47567105	5,601	133,523	SH		OTR	1	133,523	0	0
IHS MARKIT	SHS	G47567105	430	10,239	SH		SOLE	1	10,239	0	0
ILLINOIS TOOL WKS	COM	452308109	4,014	30,300	SH		SOLE	1	30,300	0	0
ILLUMINA	COM	452327109	700	4,100	SH		SOLE	1	4,100	0	0
INCYTE	COM	45337C102	1,768	13,230	SH		OTR	1	13,230	0	0
INCYTE	COM	45337C102	628	4,700	SH		SOLE	1	4,700	0	0
INDEPENDENCE RLTY TR	COM	45378A106	40	4,264	SH		SOLE	1	4,264	0	0
INFOSYS LTD	ADR	456788108	1,422	90,000	SH		SOLE	1	90,000	0	0
INGERSOLL-RAND	SHS	G47791101	605	7,444	SH		SOLE	1	7,444	0	0
INGREDION	COM	457187102	807	6,700	SH		SOLE	1	6,700	0	0
INTEL	COM	458140100	406	11,272	SH		DFND		11,272	0	0
INTEL	COM	458140100	9,434	261,536	SH		OTR	1	261,536	0	0
INTEL	COM	458140100	6,497	180,110	SH		SOLE	1	180,110	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	20	345	SH		DFND	4,2	345	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	9,342	156,045	SH		OTR	1	156,045	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	1,001	16,725	SH		SOLE	1	16,725	0	0
INTERNATIONAL	COM	459506101	808	6,100	SH		SOLE	1	6,100	0	0
INTERNATIONAL BUSINESS	COM	459200101	1,863	10,700	SH		OTR	1	10,700	0	0
INTERNATIONAL BUSINESS	COM	459200101	7,377	42,360	SH		SOLE	1	42,360	0	0
INTERPUBLIC GROUP COS	COM	460690100	2,759	112,300	SH		OTR	1	112,300	0	0
INTERPUBLIC GROUP COS	COM	460690100	258	10,500	SH		SOLE	1	10,500	0	0
INTL PAPER	COM	460146103	561	11,050	SH		SOLE	1	11,050	0	0
INTUIT	COM	461202103	2,424	20,900	SH		SOLE	1	20,900	0	0
INTUITIVE SURGICAL	COM NEW	46120E602	3,510	4,580	SH		SOLE	1	4,580	0	0
INVESCO	SHS	G491BT108	329	10,750	SH		SOLE	1	10,750	0	0
INVITATION HOMES	COM	46187W107	65,881	3,017,923	SH		OTR	1	3,017,923	0	0
INVITATION HOMES	COM	46187W107	131	6,000	SH		SOLE	1	6,000	0	0
IRON MTN INC	COM	46284V101	925	25,928	SH		SOLE	1	25,928	0	0
ISHARES TR	MSCI UAE ETF	46434V761	459	27,334	SH		SOLE	1	27,334	0	0
ISHARES TR	MSCI QATAR ETF	46434V779	461	23,600	SH		SOLE	1	23,600	0	0
ISTAR	COM	45031U101	63	5,300	SH		SOLE	1	5,300	0	0
ITAU CORPBANCA	ADR	45033E105	10	700	SH		SOLE	1	700	0	0
ITRON	COM	465741106	1,580	26,025	SH		OTR	1	26,025	0	0
JACOBS ENGR GROUP INC	COM	469814107	2,559	46,300	SH		SOLE	1	46,300	0	0
JAKKS PAC	COM	47012E106	3,575	650,000	SH		DFND	3,4,2	650,000	0	0
JD COM INC SPON	CL A	47215P106	1,076	34,600	SH		SOLE	1	34,600	0	0
JETBLUE AIRWAYS	COM	477143101	453	22,000	SH		SOLE	1	22,000	0	0
JOHNSON &	COM	478160104	2,229	17,896	SH		OTR	1	17,896	0	0
JOHNSON &	COM	478160104	27,197	218,360	SH		SOLE	1	218,360	0	0
JOHNSON CTLS INTL	SHS	G51502105	1,105	26,237	SH		SOLE	1	26,237	0	0
JONES LANG LASALLE	COM	48020Q107	145	1,300	SH		SOLE	1	1,300	0	0
JPMORGAN CHASE &	COM	46625H100	307	3,492	SH		OTR	1	3,492	0	0
JPMORGAN CHASE &	COM	46625H100	9,050	103,030	SH		OTR	1	103,030	0	0
JPMORGAN CHASE &	COM	46625H100	11,325	128,930	SH		SOLE	1	128,930	0	0
JUNIPER NETWORKS	COM	48203R104	280	10,050	SH		SOLE	1	10,050	0	0
KANSAS CITY	COM NEW	485170302	2,736	31,900	SH		SOLE	1	31,900	0	0
KATE SPADE &	COM	485865109	3,015	129,808	SH		DFND		129,808	0	0
KBR	COM	48242W106	2,594	172,600	SH		SOLE	1	172,600	0	0
KELLOGG	COM	487836108	1,303	17,950	SH		SOLE	1	17,950	0	0
KENNAMETAL	COM	489170100	11,267	287,200	SH		SOLE	1	287,200	0	0
KEYCORP	COM	493267108	535	30,100	SH		SOLE	1	30,100	0	0
KILROY RLTY	COM	49427F108	315,587	4,378,288	SH		OTR	1	4,378,288	0	0
KILROY RLTY	COM	49427F108	1,016	14,100	SH		SOLE	1	14,100	0	0
KIMBERLY CLARK	COM	494368103	4,706	35,750	SH		SOLE	1	35,750	0	0
KIMCO RLTY	COM	49446R109	1,454	65,800	SH		SOLE	1	65,800	0	0
KINDER MORGAN INC	COM	49456B101	12,865	591,786	SH		OTR	1	591,786	0	0
KINDER MORGAN INC	COM	49456B101	1,141	52,477	SH		SOLE	1	52,477	0	0
KITE RLTY GROUP	COM NEW	49803T300	138	6,425	SH		SOLE	1	6,425	0	0
KLA-TENCOR	COM	482480100	708	7,450	SH		SOLE	1	7,450	0	0
KOHLS	COM	500255104	205	5,150	SH		SOLE	1	5,150	0	0
KRAFT HEINZ	COM	500754106	4,504	49,603	SH		SOLE	1	49,603	0	0
KROGER	COM	501044101	740	25,100	SH		SOLE	1	25,100	0	0
L BRANDS	COM	501797104	1,024	21,737	SH		OTR	1	21,737	0	0
L BRANDS	COM	501797104	327	6,950	SH		SOLE	1	6,950	0	0
L3 TECHNOLOGIES	COM	502413107	364	2,200	SH		SOLE	1	2,200	0	0
LABORATORY CORP AMER	COM NEW	50540R409	416	2,900	SH		SOLE	1	2,900	0	0
LAM RESEARCH	COM	512807108	2,214	17,250	SH		SOLE	1	17,250	0	0
LAM RESEARCH CORP	NOTE 1.250% 5/1	512807AL2	44,461	21,013,000	PRN		DFND	3,4,2	21,013,000	0	0
LAMAR ADVERTISING CO	CL A	512816109	84,308	1,128,023	SH		OTR	1	1,128,023	0	0
LAS VEGAS SANDS	COM	517834107	4,302	75,380	SH		SOLE	1	75,380	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	65	5,100	SH		SOLE	1	5,100	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	105	8,300	SH		SOLE	1	8,300	0	0
LAUDER ESTEE COS	CL A	518439104	13,379	157,788	SH		OTR	1	157,788	0	0
LAUDER ESTEE COS	CL A	518439104	534	6,300	SH		SOLE	1	6,300	0	0
LAYNE CHRISTENSEN CO	NOTE 8.000% 5/0	521050AD6	2,608	2,500,000	PRN		DFND	3,4,2	2,500,000	0	0
LEAR	COM NEW	521865204	1,387	9,800	SH		SOLE	1	9,800	0	0
LEGG MASON	COM	524901105	72	2,000	SH		SOLE	1	2,000	0	0
LEGGETT & PLATT	COM	524660107	189	3,750	SH		SOLE	1	3,750	0	0
LENNAR	CL A	526057104	289	5,650	SH		SOLE	1	5,650	0	0
LENNOX INTL	COM	526107107	335	2,000	SH		SOLE	1	2,000	0	0
LEUCADIA NATL	COM	527288104	234	9,000	SH		SOLE	1	9,000	0	0
LEVEL 3 COMMUNICATIONS	COM NEW	52729N308	478	8,350	SH		SOLE	1	8,350	0	0
LEXINGTON REALTY	COM	529043101	164	16,446	SH		SOLE	1	16,446	0	0
LIBERTY GLOBAL PLC	CL A	G5480U104	248	6,903	SH		SOLE	1	6,903	0	0
LIBERTY MEDIA CORP DELAWARE COM	C SIRIUSXM	531229607	217	5,600	SH		SOLE	1	5,600	0	0
LIFE STORAGE	COM	53223X107	296	3,600	SH		SOLE	1	3,600	0	0
LILLY ELI &	COM	532457108	3,482	41,400	SH		SOLE	1	41,400	0	0
LILLY ELI &	CALL	532457908	1,201	775	SH		DFND	3,4,2	775	0	0
LINCOLN NATL CORP	COM	534187109	112	1,708	SH		OTR	1	1,708	0	0
LINCOLN NATL CORP	COM	534187109	442	6,749	SH		SOLE	1	6,749	0	0
LIVE NATION ENTERTAINMENT	COM	538034109	1,631	53,700	SH		OTR	1	53,700	0	0
LKQ	COM	501889208	234	8,000	SH		SOLE	1	8,000	0	0
LOCKHEED MARTIN	COM	539830109	6,658	24,880	SH		SOLE	1	24,880	0	0
LOEWS	COM	540424108	360	7,700	SH		SOLE	1	7,700	0	0
LOWES COS	COM	548661107	2,010	24,450	SH		SOLE	1	24,450	0	0
LTC PPTYS	COM	502175102	153	3,200	SH		SOLE	1	3,200	0	0
LULULEMON ATHLETICA	COM	550021109	402	7,750	SH		SOLE	1	7,750	0	0
M & T BK	COM	55261F104	588	3,801	SH		SOLE	1	3,801	0	0
MACERICH	COM	554382101	1,207	18,745	SH		SOLE	1	18,745	0	0
MACK CALI RLTY	COM	554489104	191	7,100	SH		SOLE	1	7,100	0	0
MACQUARIE INFRASTRUCTURE	COM	55608B105	165	2,050	SH		SOLE	1	2,050	0	0
MACYS	COM	55616P104	240	8,098	SH		SOLE	1	8,098	0	0
MALLINCKRODT PUB LTD	SHS	G5785G107	143	3,200	SH		SOLE	1	3,200	0	0
MANITOWOC	COM	563571108	2,039	357,800	SH		SOLE	1	357,800	0	0
MANPOWERGROUP	COM	56418H100	533	5,200	SH		OTR	1	5,200	0	0
MANPOWERGROUP	COM	56418H100	1,205	11,750	SH		SOLE	1	11,750	0	0
MARATHON OIL	COM	565849106	362	22,900	SH		SOLE	1	22,900	0	0
MARATHON PETE	COM	56585A102	725	14,350	SH		SOLE	1	14,350	0	0
MARKEL	COM	570535104	390	400	SH		SOLE	1	400	0	0
MARRIOTT INTL INC	CL A	571903202	6,080	64,555	SH		OTR	1	64,555	0	0
MARRIOTT INTL INC	CL A	571903202	4,136	43,917	SH		SOLE	1	43,917	0	0
MARSH & MCLENNAN COS	COM	571748102	3,199	43,300	SH		SOLE	1	43,300	0	0
MARTIN MARIETTA MATLS	COM	573284106	11,644	53,350	SH		SOLE	1	53,350	0	0
MARVELL TECHNOLOGY GROUP	ORD	G5876H105	647	42,400	SH		SOLE	1	42,400	0	0
MASCO	COM	574599106	1,111	32,700	SH		SOLE	1	32,700	0	0
MASTEC	COM	576323109	13,096	327,000	SH		SOLE	1	327,000	0	0
MASTERCARD	CL A	57636Q104	6,526	58,025	SH		OTR	1	58,025	0	0
MASTERCARD	CL A	57636Q104	9,999	88,900	SH		SOLE	1	88,900	0	0
MATERION	COM	576690101	23	700	SH		SOLE	1	700	0	0
MATTEL	COM	577081102	633	24,700	SH		SOLE	1	24,700	0	0
MAXIM INTEGRATED PRODS	COM	57772K101	342	7,600	SH		SOLE	1	7,600	0	0
MCDONALDS	COM	580135101	2,592	20,000	SH		DFND	3,4,2	20,000	0	0
MCDONALDS	COM	580135101	1,257	9,700	SH		OTR	1	9,700	0	0
MCDONALDS	COM	580135101	13,702	105,720	SH		SOLE	1	105,720	0	0
MCDONALDS	PUT	580135951	267	500	SH		DFND	3,4,2	500	0	0
MCKESSON	COM	58155Q103	3,100	20,911	SH		OTR	1	20,911	0	0
MCKESSON	COM	58155Q103	919	6,200	SH		SOLE	1	6,200	0	0
MEAD JOHNSON NUTRITION	COM	582839106	477	5,350	SH		SOLE	1	5,350	0	0
MEDEQUITIES RLTY TR	COM	58409L306	13	1,200	SH		SOLE	1	1,200	0	0
MEDICAL PPTYS TRUST	COM	58463J304	322	25,000	SH		SOLE	1	25,000	0	0
MEDNAX	COM	58502B106	173	2,500	SH		SOLE	1	2,500	0	0
MEDTRONIC	SHS	G5960L103	138	1,707	SH		OTR	1	1,707	0	0
MEDTRONIC	SHS	G5960L103	3,097	38,444	SH		SOLE	1	38,444	0	0
MELCO CROWN ENTMT	ADR	585464100	204	11,000	SH		SOLE	1	11,000	0	0
MERCADOLIBRE	COM	58733R102	222	1,050	SH		SOLE	1	1,050	0	0
MERCK & CO	COM	58933Y105	7,442	117,118	SH		SOLE	1	117,118	0	0
METLIFE	COM	59156R108	8,668	164,101	SH		OTR	1	164,101	0	0
METLIFE	COM	59156R108	1,384	26,200	SH		SOLE	1	26,200	0	0
METTLER TOLEDO	COM	592688105	1,221	2,550	SH		SOLE	1	2,550	0	0
MGM RESORTS	COM	552953101	344	12,550	SH		SOLE	1	12,550	0	0
MICHAEL KORS HLDGS	SHS	G60754101	1,548	40,621	SH		DFND		40,621	0	0
MICHAEL KORS HLDGS	SHS	G60754101	627	16,450	SH		SOLE	1	16,450	0	0
MICROCHIP TECHNOLOGY	COM	595017104	5,634	76,360	SH		SOLE	1	76,360	0	0
MICROCHIP TECHNOLOGY	PUT	595017954	377	750	SH		DFND	3,4,2	750	0	0
MICROCHIP TECHNOLOGY INC	NOTE 1.625% 2/1	595017AD6	7,176	5,000,000	PRN		DFND	3,4,2	5,000,000	0	0
MICRON TECHNOLOGY	COM	595112103	834	28,850	SH		SOLE	1	28,850	0	0
MICROSOFT	COM	594918104	4,817	73,150	SH		DFND		73,150	0	0
MICROSOFT	COM	594918104	3,489	52,978	SH		OTR	1	52,978	0	0
MICROSOFT	COM	594918104	30,632	465,110	SH		SOLE	1	465,110	0	0
MID AMER APT CMNTYS	COM	59522J103	2,072	20,365	SH		SOLE	1	20,365	0	0
MIDDLEBY	COM	596278101	205	1,500	SH		SOLE	1	1,500	0	0
MOBILE TELESYSTEMS PJSC	ADR	607409109	3,450	312,750	SH		OTR	1	312,750	0	0
MOBILE TELESYSTEMS PJSC	ADR	607409109	195	17,650	SH		SOLE	1	17,650	0	0
MOBILEYE N V AMSTELVEEN	SHS	N51488117	2,362	38,474	SH		DFND		38,474	0	0
MOBILEYE N V AMSTELVEEN	SHS	N51488117	307	5,000	SH		SOLE	1	5,000	0	0
MOHAWK INDS	COM	608190104	631	2,750	SH		SOLE	1	2,750	0	0
MOMO	ADR	60879B107	61	1,800	SH		SOLE	1	1,800	0	0
MONDELEZ INTL	CL A	609207105	1,870	43,411	SH		SOLE	1	43,411	0	0
MONMOUTH REAL ESTATE INVT	CL A	609720107	74	5,200	SH		SOLE	1	5,200	0	0
MONOGRAM RESIDENTIAL TR	COM	60979P105	127	12,700	SH		SOLE	1	12,700	0	0
MONSANTO CO	COM	61166W101	1,399	12,356	SH		SOLE	1	12,356	0	0
MONSTER BEVERAGE CORP	COM	61174X109	644	13,950	SH		SOLE	1	13,950	0	0
MOODYS	COM	615369105	7,768	69,330	SH		OTR	1	69,330	0	0
MOODYS	COM	615369105	543	4,850	SH		SOLE	1	4,850	0	0
MORGAN	COM NEW	617446448	214	5,000	SH		DFND		5,000	0	0
MORGAN	COM NEW	617446448	194	4,537	SH		OTR	1	4,537	0	0
MORGAN	COM NEW	617446448	2,530	59,050	SH		SOLE	1	59,050	0	0
MOSAIC CO	COM	61945C103	264	9,050	SH		SOLE	1	9,050	0	0
MOTOROLA SOLUTIONS	COM NEW	620076307	3,602	41,774	SH		OTR	1	41,774	0	0
MOTOROLA SOLUTIONS	COM NEW	620076307	497	5,763	SH		SOLE	1	5,763	0	0
MSCI	COM	55354G100	238	2,450	SH		SOLE	1	2,450	0	0
MURPHY OIL	COM	626717102	112	3,900	SH		SOLE	1	3,900	0	0
NASDAQ	COM	631103108	222	3,200	SH		SOLE	1	3,200	0	0
NATIONAL HEALTH INVS	COM	63633D104	232	3,200	SH		SOLE	1	3,200	0	0
NATIONAL OILWELL VARCO	COM	637071101	2,009	50,100	SH		OTR	1	50,100	0	0
NATIONAL OILWELL VARCO	COM	637071101	414	10,333	SH		SOLE	1	10,333	0	0
NATIONAL RETAIL PPTYS	COM	637417106	157,574	3,612,433	SH		OTR	1	3,612,433	0	0
NATIONAL RETAIL PPTYS	COM	637417106	683	15,650	SH		SOLE	1	15,650	0	0
NAVIENT	COM	63938C108	127	8,600	SH		SOLE	1	8,600	0	0
NCR CORP	COM	62886E108	114	2,500	SH		SOLE	1	2,500	0	0
NETAPP	COM	64110D104	1,491	35,620	SH		SOLE	1	35,620	0	0
NETEASE INC	ADR	64110W102	454	1,600	SH		OTR	1	1,600	0	0
NETEASE INC	ADR	64110W102	710	2,500	SH		SOLE	1	2,500	0	0
NETFLIX	COM	64110L106	7,126	48,213	SH		OTR	1	48,213	0	0
NETFLIX	COM	64110L106	1,958	13,250	SH		SOLE	1	13,250	0	0
NEW ORIENTAL ED & TECH GRP I	ADR	647581107	2,270	37,600	SH		SOLE	1	37,600	0	0
NEW SR INVT GROUP	COM	648691103	63	6,200	SH		SOLE	1	6,200	0	0
NEW YORK CMNTY BANCORP	COM	649445103	187	13,400	SH		SOLE	1	13,400	0	0
NEWELL BRANDS	COM	651229106	825	17,500	SH		SOLE	1	17,500	0	0
NEWFIELD EXPL	COM	651290108	210	5,700	SH		SOLE	1	5,700	0	0
NEWMONT MINING	COM	651639106	1,656	50,250	SH		SOLE	1	50,250	0	0
NEWS CORP	CL A	65249B109	146	11,237	SH		SOLE	1	11,237	0	0
NEXPOINT RESIDENTIAL TR	COM	65341D102	31	1,300	SH		SOLE	1	1,300	0	0
NEXTERA ENERGY	COM	65339F101	234	1,825	SH		OTR	1	1,825	0	0
NEXTERA ENERGY	COM	65339F101	5,834	45,450	SH		SOLE	1	45,450	0	0
NISOURCE	COM	65473P105	269	11,300	SH		SOLE	1	11,300	0	0
NOBLE ENERGY	COM	655044105	165	4,800	SH		OTR	1	4,800	0	0
NOBLE ENERGY	COM	655044105	412	12,000	SH		SOLE	1	12,000	0	0
NORDSTROM	COM	655664100	177	3,800	SH		SOLE	1	3,800	0	0
NORFOLK SOUTHERN	COM	655844108	7,049	62,950	SH		SOLE	1	62,950	0	0
NORTHERN TR	COM	665859104	3,252	37,559	SH		OTR	1	37,559	0	0
NORTHERN TR	COM	665859104	506	5,850	SH		SOLE	1	5,850	0	0
NORTHROP GRUMMAN	COM	666807102	193	810	SH		OTR	1	810	0	0
NORTHROP GRUMMAN	COM	666807102	3,991	16,780	SH		SOLE	1	16,780	0	0
NORTHSTAR REALTY EUROPE	COM	66706L101	47	4,082	SH		SOLE	1	4,082	0	0
NORWEGIAN CRUISE LINE	SHS	G66721104	751	14,800	SH		SOLE	1	14,800	0	0
NOVAVAX INC	NOTE 3.750% 2/0 ADDED	670002AB0	675	1,500,000	PRN		DFND	3,4,2	1,500,000	0	0
NUANCE COMMUNICATIONS	COM	67020Y100	118	6,800	SH		SOLE	1	6,800	0	0
NUCOR	COM	670346105	15,715	263,150	SH		SOLE	1	263,150	0	0
NVIDIA	COM	67066G104	108	1,000	SH		DFND	4,2	1,000	0	0
NVIDIA	COM	67066G104	1,865	17,128	SH		DFND		17,128	0	0
NVIDIA	COM	67066G104	7,424	68,150	SH		SOLE	1	68,150	0	0
NVIDIA	PUT	67066G954	8	250	SH		DFND	3,4,2	250	0	0
NVIDIA CORP	NOTE 1.000%12/0	67066GAC8	40,110	7,400,000	PRN		DFND	3,4,2	7,400,000	0	0
NXP SEMICONDUCTORS N	COM	N6596X109	807	7,800	SH		SOLE	1	7,800	0	0
NXP SEMICONDUCTORS N	PUT	N6596X959	20	400	SH		DFND	3,4,2	400	0	0
NXP SEMICONDUCTORS N V	DBCV 1.000%12/0	62952QAB6	26,029	22,500,000	PRN		DFND	3,4,2	22,500,000	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	1,740	6,450	SH		SOLE	1	6,450	0	0
OCCIDENTAL PETE CORP	COM	674599105	165	2,600	SH		OTR	1	2,600	0	0
OCCIDENTAL PETE CORP	COM	674599105	1,378	21,750	SH		SOLE	1	21,750	0	0
OGE ENERGY	COM	670837103	206	5,900	SH		SOLE	1	5,900	0	0
OLD DOMINION FGHT LINES	COM	679580100	13,597	158,900	SH		SOLE	1	158,900	0	0
OMEGA HEALTHCARE INVS	COM	681936100	505	15,320	SH		SOLE	1	15,320	0	0
OMNICOM GROUP	COM	681919106	1,241	14,400	SH		OTR	1	14,400	0	0
OMNICOM GROUP	COM	681919106	565	6,550	SH		SOLE	1	6,550	0	0
ONE LIBERTY PPTYS	COM	682406103	28	1,200	SH		SOLE	1	1,200	0	0
ONEOK INC	COM	682680103	962	17,350	SH		SOLE	1	17,350	0	0
ORACLE	COM	68389X105	3,087	69,200	SH		OTR	1	69,200	0	0
ORACLE	COM	68389X105	3,829	85,833	SH		SOLE	1	85,833	0	0
OREXIGEN THERAPEUTICS	PUT	686164952	24	500	SH		DFND	3,4,2	500	0	0
OREXIGEN THERAPEUTICS INC	NOTE 2.750%12/0 ADDED	686164AC8	1,276	2,578,000	PRN		DFND	3,4,2	2,578,000	0	0
OSHKOSH	COM	688239201	11,996	174,900	SH		SOLE	1	174,900	0	0
OUTFRONT MEDIA	COM	69007J106	60,408	2,275,237	SH		OTR	1	2,275,237	0	0
PACCAR	COM	693718108	15,919	236,887	SH		SOLE	1	236,887	0	0
PACKAGING CORP	COM	695156109	756	8,250	SH		SOLE	1	8,250	0	0
PALO ALTO NETWORKS	COM	697435105	282	2,500	SH		SOLE	1	2,500	0	0
PANDORA MEDIA	COM	698354107	4,529	383,555	SH		DFND		383,555	0	0
PANERA BREAD	CL A	69840W108	602	2,300	SH		SOLE	1	2,300	0	0
PARAMOUNT GROUP	COM	69924R108	31	1,883	SH		OTR	1	1,883	0	0
PARK HOTELS RESORTS	COM	700517105	234	9,100	SH		SOLE	1	9,100	0	0
PARKER DRILLING	COM	701081101	405	231,700	SH		DFND	3,4,2	231,700	0	0
PARKER DRILLING	PUT	701081951	173	2,317	SH		DFND	3,4,2	2,317	0	0
PARKER HANNIFIN	COM	701094104	665	4,150	SH		SOLE	1	4,150	0	0
PARKWAY	COM	70156Q107	61	3,068	SH		SOLE	1	3,068	0	0
PARSLEY ENERGY	CL A	701877102	185	5,700	SH		SOLE	1	5,700	0	0
PATTERSON COMPANIES	COM	703395103	100	2,200	SH		SOLE	1	2,200	0	0
PAYCHEX	COM	704326107	542	9,200	SH		SOLE	1	9,200	0	0
PAYPAL HLDGS	COM	70450Y103	1,269	29,500	SH		DFND	3,4,2	29,500	0	0
PAYPAL HLDGS	COM	70450Y103	1,301	30,250	SH		SOLE	1	30,250	0	0
PAYPAL HLDGS	PUT	70450Y953	111	1,000	SH		DFND	3,4,2	1,000	0	0
PEBBLEBROOK HOTEL	COM	70509V100	138,909	4,755,535	SH		OTR	1	4,755,535	0	0
PEBBLEBROOK HOTEL	COM	70509V100	161	5,500	SH		SOLE	1	5,500	0	0
PENTAIR	SHS	G7S00T104	316	5,030	SH		SOLE	1	5,030	0	0
PEOPLES UNITED FINANCIAL	COM	712704105	158	8,700	SH		SOLE	1	8,700	0	0
PEPSICO	COM	713448108	1,958	17,500	SH		OTR	1	17,500	0	0
PEPSICO	COM	713448108	6,671	59,635	SH		SOLE	1	59,635	0	0
PERRIGO CO	SHS	G97822103	269	4,050	SH		SOLE	1	4,050	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	179	18,500	SH		DFND		18,500	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	1,219	125,800	SH		OTR	1	125,800	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	5,232	539,900	SH		SOLE	1	539,900	0	0
PFIZER	COM	717081103	2,306	67,400	SH		OTR	1	67,400	0	0
PFIZER	COM	717081103	8,543	249,731	SH		SOLE	1	249,731	0	0
PG&E	COM	69331C108	1,022	15,400	SH		SOLE	1	15,400	0	0
PHILIP MORRIS INTL	COM	718172109	7,248	64,200	SH		SOLE	1	64,200	0	0
PHILLIPS	COM	718546104	1,022	12,900	SH		SOLE	1	12,900	0	0
PHYSICIANS RLTY	COM	71943U104	22,725	1,143,680	SH		OTR	1	1,143,680	0	0
PHYSICIANS RLTY	COM	71943U104	232	11,700	SH		SOLE	1	11,700	0	0
PIEDMONT OFFICE REALTY TR IN	CL A	720190206	242	11,300	SH		SOLE	1	11,300	0	0
PINNACLE WEST CAP	COM	723484101	746	8,950	SH		SOLE	1	8,950	0	0
PIONEER NAT RES	COM	723787107	4,568	24,530	SH		OTR	1	24,530	0	0
PIONEER NAT RES	COM	723787107	875	4,700	SH		SOLE	1	4,700	0	0
PNC FINL SVCS GROUP	COM	693475105	168	1,400	SH		OTR	1	1,400	0	0
PNC FINL SVCS GROUP	COM	693475105	1,617	13,446	SH		SOLE	1	13,446	0	0
POLARIS INDS	COM	731068102	151	1,800	SH		SOLE	1	1,800	0	0
PPG INDS	COM	693506107	210	2,000	SH		OTR	1	2,000	0	0
PPG INDS	COM	693506107	772	7,350	SH		SOLE	1	7,350	0	0
PPL	COM	69351T106	695	18,600	SH		SOLE	1	18,600	0	0
PRAXAIR	COM	74005P104	955	8,050	SH		SOLE	1	8,050	0	0
PREFERRED APT CMNTYS	COM	74039L103	25	1,900	SH		SOLE	1	1,900	0	0
PRICE T ROWE GROUP	COM	74144T108	460	6,750	SH		SOLE	1	6,750	0	0
PRICELINE GRP	COM NEW	741503403	9,097	5,111	SH		OTR	1	5,111	0	0
PRICELINE GRP	COM NEW	741503403	10,288	5,780	SH		SOLE	1	5,780	0	0
PRICELINE GRP INC	NOTE 1.000% 3/1	741503AQ9	56,512	30,000,000	PRN		DFND	3,4,2	30,000,000	0	0
PRIMORIS SVCS	COM	74164F103	1,700	73,200	SH		SOLE	1	73,200	0	0
PRINCIPAL FINL GROUP	COM	74251V102	1,568	24,850	SH		SOLE	1	24,850	0	0
PROCTER AND GAMBLE	COM	742718109	1,720	19,141	SH		OTR	1	19,141	0	0
PROCTER AND GAMBLE	COM	742718109	22,624	251,797	SH		SOLE	1	251,797	0	0
PROGRESSIVE CORP	COM	743315103	645	16,450	SH		SOLE	1	16,450	0	0
PROLOGIS	COM	74340W103	444,265	8,563,326	SH		OTR	1	8,563,326	0	0
PROLOGIS	COM	74340W103	3,960	76,334	SH		SOLE	1	76,334	0	0
PRUDENTIAL FINL	COM	744320102	2,304	21,600	SH		OTR	1	21,600	0	0
PRUDENTIAL FINL	COM	744320102	1,280	12,000	SH		SOLE	1	12,000	0	0
PS BUSINESS PKS INC	COM	69360J107	172	1,500	SH		SOLE	1	1,500	0	0
PUBLIC	COM	74460D109	435,490	1,989,356	SH		OTR	1	1,989,356	0	0
PUBLIC	COM	74460D109	5,222	23,855	SH		OTR	1	23,855	0	0
PUBLIC	COM	74460D109	4,608	21,050	SH		SOLE	1	21,050	0	0
PUBLIC SVC ENTERPRISE	COM	744573106	641	14,450	SH		SOLE	1	14,450	0	0
PULTE GROUP	COM	745867101	1,097	46,600	SH		SOLE	1	46,600	0	0
PVH	COM	693656100	233	2,250	SH		SOLE	1	2,250	0	0
QORVO	COM	74736K101	562	8,200	SH		SOLE	1	8,200	0	0
QTS RLTY TR INC	CL A	74736A103	9,264	190,029	SH		OTR	1	190,029	0	0
QTS RLTY TR INC	CL A	74736A103	176	3,600	SH		SOLE	1	3,600	0	0
QUALCOMM	COM	747525103	601	10,489	SH		DFND		10,489	0	0
QUALCOMM	COM	747525103	1,431	24,950	SH		OTR	1	24,950	0	0
QUALCOMM	COM	747525103	10,356	180,600	SH		SOLE	1	180,600	0	0
QUALITY CARE PPTYS	COM	747545101	1,167	61,900	SH		OTR	1	61,900	0	0
QUALITY CARE PPTYS	COM	747545101	136	7,220	SH		SOLE	1	7,220	0	0
QUANTA SVCS	COM	74762E102	13,720	369,700	SH		SOLE	1	369,700	0	0
QUEST DIAGNOSTICS	COM	74834L100	707	7,200	SH		SOLE	1	7,200	0	0
QUINTILES IMS HOLDINGS	COM	74876Y101	6,459	80,200	SH		OTR	1	80,200	0	0
QUINTILES IMS HOLDINGS	COM	74876Y101	1,341	16,647	SH		SOLE	1	16,647	0	0
RALPH LAUREN	CL A	751212101	139	1,700	SH		SOLE	1	1,700	0	0
RANGE RES	COM	75281A109	154	5,300	SH		SOLE	1	5,300	0	0
RAYMOND JAMES FINANCIAL	COM	754730109	278	3,650	SH		SOLE	1	3,650	0	0
RAYTHEON	COM NEW	755111507	1,967	12,900	SH		SOLE	1	12,900	0	0
REALTY INCOME	COM	756109104	3,000	50,400	SH		SOLE	1	50,400	0	0
REATA PHARMACEUTICALS	CL A	75615P103	829	36,611	SH		DFND		36,611	0	0
RED HAT	COM	756577102	450	5,200	SH		SOLE	1	5,200	0	0
REGENCY CTRS	COM	758849103	167,826	2,527,877	SH		OTR	1	2,527,877	0	0
REGENCY CTRS	COM	758849103	1,556	23,435	SH		SOLE	1	23,435	0	0
REGENERON	COM	75886F107	1,166	3,010	SH		DFND		3,010	0	0
REGENERON	COM	75886F107	4,816	12,429	SH		OTR	1	12,429	0	0
REGENERON	COM	75886F107	860	2,220	SH		SOLE	1	2,220	0	0
REGIONS FINL CORP	COM	7591EP100	681	46,885	SH		SOLE	1	46,885	0	0
REINSURANCE GROUP AMER	COM NEW	759351604	222	1,750	SH		SOLE	1	1,750	0	0
RELIANCE STEEL & ALUMINUM	COM	759509102	3,825	47,800	SH		SOLE	1	47,800	0	0
RENAISSANCERE HOLDINGS	COM	G7496G103	2,821	19,500	SH		SOLE	1	19,500	0	0
REPUBLIC SVCS	COM	760759100	1,291	20,550	SH		SOLE	1	20,550	0	0
RESMED	COM	761152107	277	3,850	SH		SOLE	1	3,850	0	0
RESTAURANT BRANDS INTL	COM	76131D103	390	7,000	SH		SOLE	1	7,000	0	0
RETAIL OPPORTUNITY INVTS	COM	76131N101	177	8,400	SH		SOLE	1	8,400	0	0
RETAIL PPTYS AMER	CL A	76131V202	271	18,800	SH		SOLE	1	18,800	0	0
REXFORD INDL RLTY	COM	76169C100	119	5,300	SH		SOLE	1	5,300	0	0
REYNOLDS AMERICAN	COM	761713106	4,473	70,976	SH		SOLE	1	70,976	0	0
RITE AID	COM	767754104	117	27,500	SH		SOLE	1	27,500	0	0
RLJ LODGING	COM	74965L101	233	9,900	SH		SOLE	1	9,900	0	0
ROBERT HALF INTL	COM	770323103	176	3,600	SH		SOLE	1	3,600	0	0
ROCKWELL AUTOMATION	COM	773903109	9,093	58,400	SH		SOLE	1	58,400	0	0
ROCKWELL COLLINS	COM	774341101	340	3,500	SH		SOLE	1	3,500	0	0
ROPER TECHNOLOGIES	COM	776696106	568	2,750	SH		SOLE	1	2,750	0	0
ROSS STORES	COM	778296103	2,809	42,650	SH		SOLE	1	42,650	0	0
ROYAL CARIBBEAN CRUISES	COM	V7780T103	1,236	12,600	SH		SOLE	1	12,600	0	0
RYLAND GROUP INC	NOTE 1.625% 5/1	783764AQ6	12,253	9,744,000	PRN		DFND	3,4,2	9,744,000	0	0
RYMAN HOSPITALITY PPTYS	COM	78377T107	254	4,100	SH		SOLE	1	4,100	0	0
S&P GLOBAL	COM	78409V104	1,183	9,050	SH		SOLE	1	9,050	0	0
SABRA HEALTH CARE REIT	COM	78573L106	142	5,100	SH		SOLE	1	5,100	0	0
SABRE	COM	78573M104	108	5,100	SH		SOLE	1	5,100	0	0
SALESFORCE COM	COM	79466L302	726	8,812	SH		DFND		8,812	0	0
SALESFORCE COM	COM	79466L302	11,508	139,502	SH		OTR	1	139,502	0	0
SALESFORCE COM	COM	79466L302	1,464	17,750	SH		SOLE	1	17,750	0	0
SAUL CTRS	COM	804395101	55	900	SH		SOLE	1	900	0	0
SBA COMMUNICATIONS CORP	CL A	78410G104	451	3,750	SH		SOLE	1	3,750	0	0
SCANA CORP	COM	80589M102	706	10,800	SH		SOLE	1	10,800	0	0
SCANSOURCE	COM	806037107	232	5,900	SH		SOLE	1	5,900	0	0
SCHEIN HENRY	COM	806407102	391	2,300	SH		SOLE	1	2,300	0	0
SCHLUMBERGER	COM	806857108	115	1,468	SH		OTR	1	1,468	0	0
SCHLUMBERGER	COM	806857108	3,026	38,745	SH		SOLE	1	38,745	0	0
SCHWAB CHARLES CORP	COM	808513105	1,773	43,450	SH		SOLE	1	43,450	0	0
SCRIPPS NETWORKS INTERACT IN CL	COM	811065101	408	5,200	SH		SOLE	1	5,200	0	0
SEAGATE TECHNOLOGY	SHS	G7945M107	1,272	27,700	SH		SOLE	1	27,700	0	0
SEALED AIR CORP	COM	81211K100	229	5,250	SH		SOLE	1	5,250	0	0
SEATTLE GENETICS	COM	812578102	167	2,650	SH		SOLE	1	2,650	0	0
SEI INVESTMENTS	COM	784117103	212	4,200	SH		SOLE	1	4,200	0	0
SEMPRA	COM	816851109	724	6,550	SH		SOLE	1	6,550	0	0
SENSATA TECHNOLOGIES HLDG	SHS	N7902X106	216	4,950	SH		SOLE	1	4,950	0	0
SERITAGE GROWTH	CL A	81752R100	86	2,000	SH		SOLE	1	2,000	0	0
SERVICE CORP	COM	817565104	1,982	64,196	SH		OTR	1	64,196	0	0
SERVICENOW	COM	81762P102	9,813	112,190	SH		OTR	1	112,190	0	0
SERVICENOW	COM	81762P102	411	4,700	SH		SOLE	1	4,700	0	0
SHERWIN WILLIAMS	COM	824348106	692	2,230	SH		SOLE	1	2,230	0	0
SIGNATURE BK NEW YORK N	COM	82669G104	245	1,650	SH		SOLE	1	1,650	0	0
SIGNET JEWELERS	SHS	G81276100	145	2,100	SH		SOLE	1	2,100	0	0
SILVER BAY RLTY TR	COM	82735Q102	60	2,800	SH		SOLE	1	2,800	0	0
SIMON PPTY GROUP INC	COM	828806109	877,304	5,099,713	SH		OTR	1	5,099,713	0	0
SIMON PPTY GROUP INC	COM	828806109	7,633	44,368	SH		SOLE	1	44,368	0	0
SINA	ORD	G81477104	50	700	SH		SOLE	1	700	0	0
SIRIUS XM HLDGS	COM	82968B103	847	164,500	SH		SOLE	1	164,500	0	0
SKYWORKS SOLUTIONS	COM	83088M102	500	5,100	SH		SOLE	1	5,100	0	0
SL GREEN RLTY	COM	78440X101	456,383	4,280,465	SH		OTR	1	4,280,465	0	0
SL GREEN RLTY	COM	78440X101	1,626	15,250	SH		SOLE	1	15,250	0	0
SMITH A	COM	831865209	215	4,200	SH		SOLE	1	4,200	0	0
SMUCKER J M	COM NEW	832696405	1,117	8,520	SH		SOLE	1	8,520	0	0
SNAP ON	COM	833034101	270	1,600	SH		SOLE	1	1,600	0	0
SOUTHERN	COM	842587107	5,010	100,650	SH		SOLE	1	100,650	0	0
SOUTHERN COPPER	COM	84265V105	47	1,300	SH		SOLE	1	1,300	0	0
SOUTHWEST AIRLS	COM	844741108	1,779	33,100	SH		SOLE	1	33,100	0	0
SOUTHWESTERN ENERGY	COM	845467109	124	15,200	SH		SOLE	1	15,200	0	0
SPDR GOLD TRUST	SHS	78463V107	819	6,900	SH		SOLE	1	6,900	0	0
SPDR S&P 500 ETF	PUT	78462F953	29	500	SH		DFND	3,4,2	500	0	0
SPDR S&P 500 ETF	PUT	78462F953	148	400	SH		DFND	3,4,2	400	0	0
SPECTRUM BRANDS HLDGS	COM	84763R101	83	600	SH		SOLE	1	600	0	0
SPIRIT RLTY CAP INC	COM	84860W102	250,985	24,776,452	SH		OTR	1	24,776,452	0	0
SPIRIT RLTY CAP INC	COM	84860W102	387	38,200	SH		SOLE	1	38,200	0	0
SPLUNK	COM	848637104	3,513	56,399	SH		DFND		56,399	0	0
SPLUNK	COM	848637104	3,619	58,100	SH		OTR	1	58,100	0	0
SPLUNK	COM	848637104	240	3,850	SH		SOLE	1	3,850	0	0
STAG INDL	COM	85254J102	160	6,400	SH		SOLE	1	6,400	0	0
STANLEY BLACK & DECKER	COM	854502101	568	4,274	SH		SOLE	1	4,274	0	0
STAPLES	COM	855030102	170	19,400	SH		SOLE	1	19,400	0	0
STARBUCKS	COM	855244109	204	3,500	SH		OTR	1	3,500	0	0
STARBUCKS	COM	855244109	4,587	78,550	SH		SOLE	1	78,550	0	0
STATE STR	COM	857477103	855	10,743	SH		SOLE	1	10,743	0	0
STERICYCLE	COM	858912108	203	2,450	SH		SOLE	1	2,450	0	0
STORE CAP	COM	862121100	135,813	5,687,312	SH		OTR	1	5,687,312	0	0
STORE CAP	COM	862121100	289	12,100	SH		SOLE	1	12,100	0	0
STRYKER	COM	863667101	3,634	27,600	SH		SOLE	1	27,600	0	0
SUMMIT HOTEL	COM	866082100	113	7,100	SH		SOLE	1	7,100	0	0
SUN CMNTYS	COM	866674104	304,489	3,790,471	SH		OTR	1	3,790,471	0	0
SUN CMNTYS	COM	866674104	426	5,300	SH		SOLE	1	5,300	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	233,365	15,222,759	SH		OTR	1	15,222,759	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	7,360	480,132	SH		OTR	1	480,132	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	260	16,938	SH		SOLE	1	16,938	0	0
SUNTRUST BKS	COM	867914103	746	13,498	SH		SOLE	1	13,498	0	0
SYMANTEC	COM	871503108	2,878	93,800	SH		SOLE	1	93,800	0	0
SYNCHRONY	COM	87165B103	789	23,000	SH		SOLE	1	23,000	0	0
SYNOPSYS	COM	871607107	923	12,800	SH		SOLE	1	12,800	0	0
SYSCO	COM	871829107	1,911	36,800	SH		SOLE	1	36,800	0	0
T MOBILE US	COM	872590104	322	5,000	SH		DFND		5,000	0	0
T MOBILE US	COM	872590104	652	10,100	SH		SOLE	1	10,100	0	0
TAIWAN SEMICONDUCTOR MFG LTD	ADR	874039100	250	7,600	SH		SOLE	1	7,600	0	0
TAL ED GROUP ADS	COM	874080104	256	2,400	SH		SOLE	1	2,400	0	0
TANGER FACTORY OUTLET CTRS	COM	875465106	626	19,100	SH		SOLE	1	19,100	0	0
TARENA INTL	ADR	876108101	1,573	84,200	SH		SOLE	1	84,200	0	0
TARGA RES	COM	87612G101	314	5,250	SH		SOLE	1	5,250	0	0
TARGET	COM	87612E106	1,209	21,900	SH		OTR	1	21,900	0	0
TARGET	COM	87612E106	2,737	49,600	SH		SOLE	1	49,600	0	0
TARO PHARMACEUTICAL INDS	SHS	M8737E108	35	300	SH		SOLE	1	300	0	0
TAUBMAN CTRS	COM	876664103	317	4,800	SH		SOLE	1	4,800	0	0
TD AMERITRADE HLDG	COM	87236Y108	272	7,000	SH		SOLE	1	7,000	0	0
TE CONNECTIVITY LTD	SHS	H84989104	317	4,258	SH		OTR	1	4,258	0	0
TE CONNECTIVITY LTD	SHS	H84989104	4,426	59,370	SH		OTR	1	59,370	0	0
TE CONNECTIVITY LTD	SHS	H84989104	740	9,925	SH		SOLE	1	9,925	0	0
TECHNIPFMC	COM	G87110105	384	11,800	SH		SOLE	1	11,800	0	0
TEGNA	COM	87901J105	145	5,650	SH		SOLE	1	5,650	0	0
TELEFLEX	COM	879369106	87	450	SH		OTR	1	450	0	0
TELEFLEX	COM	879369106	232	1,200	SH		SOLE	1	1,200	0	0
TELEFONICA BRASIL SA	ADR	87936R106	18	1,200	SH		SOLE	1	1,200	0	0
TELEFONICA BRASIL SA	ADR	87936R106	2,000	134,660	SH		SOLE	1	134,660	0	0
TENET HEALTHCARE	COM NEW	88033G407	1,351	76,300	SH		OTR	1	76,300	0	0
TEREX CORP	COM	880779103	6,531	208,000	SH		SOLE	1	208,000	0	0
TERRENO RLTY	COM	88146M101	104	3,700	SH		SOLE	1	3,700	0	0
TESARO	COM	881569107	2,825	18,361	SH		OTR	1	18,361	0	0
TESLA	COM	88160R101	13,455	48,348	SH		DFND		48,348	0	0
TESLA	COM	88160R101	4,230	15,200	SH		DFND	3,4,2	15,200	0	0
TESLA	COM	88160R101	1,007	3,620	SH		SOLE	1	3,620	0	0
TESLA	PUT	88160R951	70	300	SH		DFND	3,4,2	300	0	0
TESLA INC	NOTE 2.375% 3/1 ADDED	88160RAD3	10,408	10,000,000	PRN		DFND	3,4,2	10,000,000	0	0
TESORO	COM	881609101	251	3,100	SH		SOLE	1	3,100	0	0
TEVA PHARMACEUTICAL INDS	CALL	881624909	105	757	SH		DFND	3,4,2	757	0	0
TEVA PHARMACEUTICAL INDS	PUT	881624959	1,995	652	SH		DFND	3,4,2	652	0	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	1,684	52,500	SH		DFND	3,4,2	52,500	0	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	822	25,600	SH		SOLE	1	25,600	0	0
TEXAS INSTRS	COM	882508104	7,996	99,250	SH		SOLE	1	99,250	0	0
TEXTRON	COM	883203101	378	7,950	SH		SOLE	1	7,950	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	1,705	11,100	SH		SOLE	1	11,100	0	0
TIER REIT	COM NEW	88650V208	59	3,400	SH		SOLE	1	3,400	0	0
TIFFANY & CO	COM	886547108	4,986	52,315	SH		OTR	1	52,315	0	0
TIFFANY & CO	COM	886547108	481	5,050	SH		SOLE	1	5,050	0	0
TIM PARTICIPACOES S A	ADR	88706P205	32	2,000	SH		SOLE	1	2,000	0	0
TIM PARTICIPACOES S A	ADR	88706P205	364	22,800	SH		SOLE	1	22,800	0	0
TIME WARNER	COM NEW	887317303	1,260	12,900	SH		OTR	1	12,900	0	0
TIME WARNER	COM NEW	887317303	7,015	71,799	SH		SOLE	1	71,799	0	0
TJX COS INC	COM	872540109	3,831	48,450	SH		SOLE	1	48,450	0	0
TOLL BROTHERS	COM	889478103	412	11,400	SH		SOLE	1	11,400	0	0
TORCHMARK	COM	891027104	2,586	33,564	SH		OTR	1	33,564	0	0
TORCHMARK	COM	891027104	256	3,325	SH		SOLE	1	3,325	0	0
TORO	COM	891092108	443	7,100	SH		SOLE	1	7,100	0	0
TOTAL SYS SVCS	COM	891906109	238	4,451	SH		SOLE	1	4,451	0	0
TRACTOR SUPPLY	COM	892356106	248	3,600	SH		SOLE	1	3,600	0	0
TRANSDIGM GROUP	COM	893641100	341	1,550	SH		SOLE	1	1,550	0	0
TRAVELERS COMPANIES	COM	89417E109	5,856	48,583	SH		SOLE	1	48,583	0	0
TRIBUNE MEDIA	CL A	896047503	6,757	181,300	SH		OTR	1	181,300	0	0
TRIMBLE	COM	896239100	230	7,200	SH		SOLE	1	7,200	0	0
TRIPADVISOR	COM	896945201	504	11,700	SH		DFND		11,700	0	0
TRIPADVISOR	COM	896945201	149	3,450	SH		SOLE	1	3,450	0	0
TRONOX LTD	CL A	Q9235V101	166	9,000	SH		SOLE	1	9,000	0	0
TUTOR PERINI	COM	901109108	8,176	257,100	SH		SOLE	1	257,100	0	0
TWENTY FIRST CENTY FOX	CL A	90130A101	2,730	84,270	SH		SOLE	1	84,270	0	0
TWITTER	COM	90184L102	7,036	470,689	SH		DFND		470,689	0	0
TWITTER	COM	90184L102	232	15,500	SH		SOLE	1	15,500	0	0
TYSON FOODS	CL A	902494103	62	1,000	SH		OTR	1	1,000	0	0
TYSON FOODS	CL A	902494103	1,725	27,950	SH		SOLE	1	27,950	0	0
U S CONCRETE	COM NEW	90333L201	1,459	22,600	SH		SOLE	1	22,600	0	0
U S G	COM NEW	903293405	2,105	66,200	SH		OTR	1	66,200	0	0
UDR	COM	902653104	621,655	17,144,374	SH		OTR	1	17,144,374	0	0
UDR	COM	902653104	1,603	44,200	SH		SOLE	1	44,200	0	0
UGI CORP	COM	902681105	716	14,500	SH		SOLE	1	14,500	0	0
ULTA BEAUTY	COM	90384S303	1,603	5,620	SH		SOLE	1	5,620	0	0
ULTIMATE SOFTWARE GROUP	COM	90385D107	1,782	9,130	SH		OTR	1	9,130	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	1,163	51,150	SH		SOLE	1	51,150	0	0
UMH PPTYS	COM	903002103	29	1,900	SH		SOLE	1	1,900	0	0
UMH PPTYS INC	CV RED PFD-A	903002202	531	20,512	SH		OTR	1	20,512	0	0
UNDER ARMOUR	CL A	904311107	1,026	51,880	SH		DFND		51,880	0	0
UNDER ARMOUR	CL A	904311107	103	5,200	SH		SOLE	1	5,200	0	0
UNION PAC	COM	907818108	2,034	19,200	SH		OTR	1	19,200	0	0
UNION PAC	COM	907818108	19,346	182,650	SH		SOLE	1	182,650	0	0
UNITED CONTL HLDGS	COM	910047109	844	11,950	SH		SOLE	1	11,950	0	0
UNITED RENTALS	COM	911363109	22,784	182,200	SH		SOLE	1	182,200	0	0
UNITED STATES STL CORP	COM	912909108	3,851	113,900	SH		SOLE	1	113,900	0	0
UNITED TECHNOLOGIES	COM	913017109	7,082	63,110	SH		SOLE	1	63,110	0	0
UNITED THERAPEUTICS CORP	COM	91307C102	183	1,350	SH		SOLE	1	1,350	0	0
UNITEDHEALTH GROUP	COM	91324P102	8,391	51,162	SH		OTR	1	51,162	0	0
UNITEDHEALTH GROUP	COM	91324P102	14,086	85,886	SH		SOLE	1	85,886	0	0
UNUM	COM	91529Y106	309	6,600	SH		SOLE	1	6,600	0	0
URBAN EDGE	COM	91704F104	190	7,243	SH		SOLE	1	7,243	0	0
URSTADT BIDDLE PPTYS	CL A	917286205	45	2,200	SH		SOLE	1	2,200	0	0
URSTADT BIDDLE PPTYS INC	PFD-G CV 6.75%	917286809	4,583	177,978	SH		OTR	1	177,978	0	0
US BANCORP	COM NEW	902973304	2,439	47,350	SH		SOLE	1	47,350	0	0
V F	COM	918204108	5,719	104,047	SH		OTR	1	104,047	0	0
V F	COM	918204108	514	9,350	SH		SOLE	1	9,350	0	0
VALE S	ADR	91912E105	153	16,100	SH		SOLE	1	16,100	0	0
VALE S	ADR	91912E105	3,861	406,400	SH		SOLE	1	406,400	0	0
VALERO ENERGY CORP	COM	91913Y100	1,293	19,500	SH		OTR	1	19,500	0	0
VALERO ENERGY CORP	COM	91913Y100	1,797	27,112	SH		SOLE	1	27,112	0	0
VALMONT INDS	COM	920253101	6,904	44,400	SH		SOLE	1	44,400	0	0
VALSPAR	COM	920355104	239	2,150	SH		SOLE	1	2,150	0	0
VANTIV	CL A	92210H105	279	4,350	SH		SOLE	1	4,350	0	0
VARIAN MED SYS	COM	92220P105	255	2,800	SH		SOLE	1	2,800	0	0
VECTOR GROUP	COM	92240M108	312	15,000	SH		DFND	3,4,2	15,000	0	0
VECTOR GROUP	PUT	92240M958	10	527	SH		DFND	3,4,2	527	0	0
VENTAS	COM	92276F100	350,209	5,384,524	SH		OTR	1	5,384,524	0	0
VENTAS	COM	92276F100	3,309	50,874	SH		SOLE	1	50,874	0	0
VEREIT	COM	92339V100	1,296	152,624	SH		SOLE	1	152,624	0	0
VERISIGN	COM	92343E102	231	2,650	SH		SOLE	1	2,650	0	0
VERISK ANALYTICS	COM	92345Y106	369	4,550	SH		SOLE	1	4,550	0	0
VERIZON COMMUNICATIONS	COM	92343V104	123	2,531	SH		OTR	1	2,531	0	0
VERIZON COMMUNICATIONS	COM	92343V104	6,048	124,058	SH		SOLE	1	124,058	0	0
VERSUM MATLS	COM	92532W103	14	450	SH		OTR	1	450	0	0
VERTEX PHARMACEUTICALS	COM	92532F100	760	6,950	SH		SOLE	1	6,950	0	0
VIPSHOP HLDGS LTD	ADR	92763W103	68	5,100	SH		SOLE	1	5,100	0	0
VISA INC	CL A	92826C839	7,576	85,251	SH		OTR	1	85,251	0	0
VISA INC	CL A	92826C839	12,212	137,410	SH		SOLE	1	137,410	0	0
VMWARE INC CL	COM	928563402	359	3,900	SH		DFND		3,900	0	0
VMWARE INC CL	COM	928563402	843	9,150	SH		SOLE	1	9,150	0	0
VOYA FINL	COM	929089100	213	5,600	SH		SOLE	1	5,600	0	0
VULCAN MATLS	COM	929160109	15,458	128,300	SH		SOLE	1	128,300	0	0
W P CAREY	COM	92936U109	1,039	16,700	SH		SOLE	1	16,700	0	0
WABCO HLDGS	COM	92927K102	184	1,570	SH		SOLE	1	1,570	0	0
WABTEC	COM	929740108	203	2,600	SH		SOLE	1	2,600	0	0
WAL-MART STORES	COM	931142103	1,067	14,800	SH		OTR	1	14,800	0	0
WAL-MART STORES	COM	931142103	4,981	69,110	SH		SOLE	1	69,110	0	0
WALGREENS BOOTS ALLIANCE	COM	931427108	2,130	25,650	SH		SOLE	1	25,650	0	0
WASHINGTON PRIME GROUP	COM	93964W108	125	14,353	SH		SOLE	1	14,353	0	0
WASTE CONNECTIONS	COM	94106B101	3,323	37,670	SH		OTR	1	37,670	0	0
WASTE CONNECTIONS	COM	94106B101	1,500	17,005	SH		SOLE	1	17,005	0	0
WASTE MGMT INC	COM	94106L109	3,245	44,500	SH		SOLE	1	44,500	0	0
WATERS	COM	941848103	352	2,250	SH		SOLE	1	2,250	0	0
WEATHERFORD INTL PLC	SHS	G48833100	190	28,500	SH		SOLE	1	28,500	0	0
WEC ENERGY GROUP	COM	92939U106	1,387	22,880	SH		SOLE	1	22,880	0	0
WEIBO CORP	ADR	948596101	21	400	SH		SOLE	1	400	0	0
WELLS FARGO & CO	COM	949746101	384	6,907	SH		DFND		6,907	0	0
WELLS FARGO & CO	COM	949746101	31,361	563,434	SH		OTR	1	563,434	0	0
WELLS FARGO & CO	COM	949746101	7,389	132,759	SH		SOLE	1	132,759	0	0
WELLTOWER	COM	95040Q104	3,619	51,100	SH		SOLE	1	51,100	0	0
WESTAR ENERGY	COM	95709T100	760	14,000	SH		SOLE	1	14,000	0	0
WESTERN DIGITAL	COM	958102105	140	1,700	SH		OTR	1	1,700	0	0
WESTERN DIGITAL	COM	958102105	647	7,845	SH		SOLE	1	7,845	0	0
WESTERN UN	COM	959802109	764	37,546	SH		SOLE	1	37,546	0	0
WESTROCK	COM	96145D105	2,768	53,196	SH		OTR	1	53,196	0	0
WESTROCK	COM	96145D105	372	7,142	SH		SOLE	1	7,142	0	0
WEYERHAEUSER	COM	962166104	684	20,118	SH		SOLE	1	20,118	0	0
WHIRLPOOL	COM	963320106	908	5,300	SH		OTR	1	5,300	0	0
WHIRLPOOL	COM	963320106	351	2,050	SH		SOLE	1	2,050	0	0
WHITESTONE	COM	966084204	30	2,200	SH		SOLE	1	2,200	0	0
WHITEWAVE FOODS	COM	966244105	828	14,750	SH		SOLE	1	14,750	0	0
WHOLE FOODS MKT	COM	966837106	467	15,700	SH		SOLE	1	15,700	0	0
WILLIAMS COS INC	COM	969457100	669	22,600	SH		SOLE	1	22,600	0	0
WILLIS TOWERS WATSON PUB	SHS	G96629103	477	3,646	SH		SOLE	1	3,646	0	0
WINTRUST FINL	COM	97650W108	187	2,700	SH		OTR	1	2,700	0	0
WISDOMTREE INVTS	COM	97717P104	2,043	225,002	SH		OTR	1	225,002	0	0
WORKDAY	CL A	98138H101	4,629	55,579	SH		OTR	1	55,579	0	0
WORKDAY	CL A	98138H101	283	3,400	SH		SOLE	1	3,400	0	0
WORKDAY INC	NOTE 0.750% 7/1	98138HAC5	14,283	12,500,000	PRN		DFND	3,4,2	12,500,000	0	0
WPX ENERGY	COM	98212B103	3,582	267,484	SH		OTR	1	267,484	0	0
WYNDHAM WORLDWIDE	COM	98310W108	480	5,700	SH		SOLE	1	5,700	0	0
WYNN RESORTS	COM	983134107	1,295	11,300	SH		SOLE	1	11,300	0	0
XCEL ENERGY	COM	98389B100	1,585	35,650	SH		SOLE	1	35,650	0	0
XENIA HOTELS & RESORTS	COM	984017103	143	8,400	SH		SOLE	1	8,400	0	0
XEROX	COM	984121103	169	23,003	SH		SOLE	1	23,003	0	0
XILINX	COM	983919101	417	7,200	SH		SOLE	1	7,200	0	0
XILINX INC	NOTE 2.625% 6/1	983919AF8	156,014	77,248,000	PRN		DFND	3,4,2	77,248,000	0	0
XL GROUP	COM	G98294104	702	17,600	SH		SOLE	1	17,600	0	0
XYLEM	COM	98419M100	1,082	21,550	SH		SOLE	1	21,550	0	0
YAHOO	COM	984332106	940	20,273	SH		DFND		20,273	0	0
YAHOO	COM	984332106	1,172	25,250	SH		SOLE	1	25,250	0	0
YAHOO	CALL	984332906	2	2,107	SH		DFND	3,4,2	2,107	0	0
YAHOO	PUT	984332956	9	1,500	SH		DFND	3,4,2	1,500	0	0
YAHOO INC	NOTE 12/0	984332AF3	25,923	25,000,000	PRN		DFND	3,4,2	25,000,000	0	0
YELP	CL A	985817105	6,381	194,846	SH		DFND		194,846	0	0
YUM BRANDS	COM	988498101	1,642	25,700	SH		SOLE	1	25,700	0	0
YUM CHINA HLDGS	COM	98850P109	128	4,700	SH		SOLE	1	4,700	0	0
ZAYO GROUP HLDGS	COM	98919V105	151	4,600	SH		SOLE	1	4,600	0	0
ZILLOW GROUP	CL A	98954M101	1,538	45,500	SH		DFND		45,500	0	0
ZIMMER BIOMET HLDGS	COM	98956P102	134	1,100	SH		OTR	1	1,100	0	0
ZIMMER BIOMET HLDGS	COM	98956P102	684	5,600	SH		SOLE	1	5,600	0	0
ZOETIS	CL A	98978V103	686	12,850	SH		SOLE	1	12,850	0	0