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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Estimated average burden
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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	242	8,441	SH		SOLE	1	8,441	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	8,671	50,211	SH		DFND		50,211	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	4,574	26,484	SH		OTR	1	26,484	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	14,439	83,600	SH		SOLE	1	83,600	0	0
ALPHABET INC	CAP STK CL C	02079K107	13,746	14,332	SH		OTR	1	14,332	0	0
ALPHABET INC	CAP STK CL C	02079K107	9,319	9,716	SH		SOLE	1	9,716	0	0
ARCELORMITTAL SA LUXEMBOURG NY	REGISTRY SH	03938L203	3,226	125,250	SH		OTR	1	125,250	0	0
BAIDU INC	SPON ADR REP A	056752108	2,279	9,200	SH		OTR	1	9,200	0	0
BAIDU INC	SPON ADR REP A	056752108	2,576	10,400	SH		SOLE	1	10,400	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	86	7,800	SH		SOLE	1	7,800	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	11,302	1,020,938	SH		SOLE	1	1,020,938	0	0
BANCO SANTANDER BRASIL S A	ADS REP 1 UNIT	05967A107	39	4,500	SH		SOLE	1	4,500	0	0
BANCO SANTANDER BRASIL S A	ADS REP 1 UNIT	05967A107	1,792	205,000	SH		SOLE	1	205,000	0	0
BERKSHIRE HATHAWAY INC	DEL CL B NEW	084670702	6,820	37,205	SH		SOLE	1	37,205	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	304	17,400	SH		SOLE	1	17,400	0	0
BRASKEM S A SP	ADR PFD A	105532105	682	25,500	SH		SOLE	1	25,500	0	0
BROWN FORMAN CORP	CL B	115637209	352	6,484	SH		SOLE	1	6,484	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	1,047	11,450	SH		SOLE	1	11,450	0	0
CARNIVAL CORP	UNIT 99/99/9999	143658300	1,405	21,757	SH		SOLE	1	21,757	0	0
CBS CORP NEW	CL B	124857202	1,374	23,693	SH		SOLE	1	23,693	0	0
CELANESE CORP	DEL COM SER A	150870103	438	4,200	SH		SOLE	1	4,200	0	0
CEMEX SAB DE	CV SPON ADR NEW	151290889	130	14,297	SH		SOLE	1	14,297	0	0
CHESAPEAKE LODGING	TR SH BEN INT	165240102	156	5,800	SH		SOLE	1	5,800	0	0
COMPANHIA ENERGETICA DE MINA SP	ADR N-V PFD	204409601	1,060	427,500	SH		SOLE	1	427,500	0	0
COMPANHIA PARANAENSE ENERG	C SPON ADR PFD	20441B407	39	4,450	SH		SOLE	1	4,450	0	0
CORPORATE OFFICE PPTYS	TR SH BEN INT	22002T108	20,165	614,216	SH		OTR	1	614,216	0	0
CORPORATE OFFICE PPTYS	TR SH BEN INT	22002T108	318	9,700	SH		SOLE	1	9,700	0	0
DELL TECHNOLOGIES INC	COM CL V	24703L103	476	6,171	SH		SOLE	1	6,171	0	0
DISCOVERY COMMUNICATNS	NEW COM SER A	25470F104	97	4,570	SH		SOLE	1	4,570	0	0
DISCOVERY COMMUNICATNS	NEW COM SER C	25470F302	130	6,411	SH		SOLE	1	6,411	0	0
DISNEY WALT CO	COM DISNEY	254687106	238	2,420	SH		DFND		2,420	0	0
DISNEY WALT CO	COM DISNEY	254687106	197	2,000	SH		OTR	1	2,000	0	0
DISNEY WALT CO	COM DISNEY	254687106	8,480	86,035	SH		SOLE	1	86,035	0	0
EATON VANCE CORP	COM NON VTG	278265103	153	3,100	SH		SOLE	1	3,100	0	0
EPR PPTYS COM	SH BEN INT	26884U109	240,998	3,455,670	SH		OTR	1	3,455,670	0	0
EPR PPTYS COM	SH BEN INT	26884U109	439	6,300	SH		SOLE	1	6,300	0	0
EQUINIX INC COM	PAR $0.001	29444U700	574,412	1,287,054	SH		OTR	1	1,287,054	0	0
EQUINIX INC COM	PAR $0.001	29444U700	1,058	2,371	SH		SOLE	1	2,371	0	0
EQUITY COMWLTH COM	SH BEN INT	294628102	379	12,475	SH		SOLE	1	12,475	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	505,076	7,660,796	SH		OTR	1	7,660,796	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	4,180	63,398	SH		SOLE	1	63,398	0	0
FEDERAL REALTY INVT	TR SH BEN INT NEW	313747206	260,349	2,096,040	SH		OTR	1	2,096,040	0	0
FEDERAL REALTY INVT	TR SH BEN INT NEW	313747206	1,777	14,304	SH		SOLE	1	14,304	0	0
FIRST TR EXCHANGE TRADED	FD NAT GAS ETF	33733E807	83	3,800	SH		SOLE	1	3,800	0	0
FLEXSHARES	TR MORNSTAR UPSTR	33939L407	153	4,900	SH		SOLE	1	4,900	0	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	210	2,200	SH		SOLE	1	2,200	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	351	29,400	SH		DFND		29,400	0	0
FORD MTR CO DEL COM	PAR $0.01	345370860	1,329	111,012	SH		SOLE	1	111,012	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	586	41,758	SH		SOLE	1	41,758	0	0
GERDAU S A	SPON ADR REP PFD	373737105	1,772	516,500	SH		SOLE	1	516,500	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	173	9,200	SH		SOLE	1	9,200	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	352,247	11,820,354	SH		OTR	1	11,820,354	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	1,146	38,450	SH		SOLE	1	38,450	0	0
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	68	3,650	SH		SOLE	1	3,650	0	0
HOSPITALITY PPTYS TR	COM SH BEN INT	44106M102	470	16,500	SH		SOLE	1	16,500	0	0
INVESTORS REAL ESTATE	TR SH BEN INT	461730103	67	10,900	SH		SOLE	1	10,900	0	0
ISHARES INC	MSCI BRZ CAP ETF	464286400	104	2,500	SH		SOLE	1	2,500	0	0
ISHARES INC	MSCI CDA ETF	464286509	1,375	47,500	SH		SOLE	1	47,500	0	0
ISHARES INC	MIN VOL EMRG MKT	464286533	308	5,300	SH		SOLE	1	5,300	0	0
ISHARES INC	MSCI PAC JP ETF	464286665	1,663	35,960	SH		SOLE	1	35,960	0	0
ISHARES INC	MSCI GERMANY ETF	464286806	357	11,000	SH		SOLE	1	11,000	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	21,224	392,900	SH		SOLE	1	392,900	0	0
ISHARES INC	MSCI GBL ETF NEW	46434G848	115	3,700	SH		SOLE	1	3,700	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	503	32,000	SH		DFND		32,000	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	153	9,700	SH		SOLE	1	9,700	0	0
ISHARES TR	MSCI UK ETF NEW	46435G334	174	5,000	SH		SOLE	1	5,000	0	0
ISHARES TR CORE	S&P500 ETF	464287200	22,923	90,630	SH		SOLE	1	90,630	0	0
ISHARES TR GLOBAL	ENERG ETF	464287341	78	2,300	SH		SOLE	1	2,300	0	0
ISHARES TR IBOXX	HI YD ETF	464288513	8,122	91,500	SH		SOLE	1	91,500	0	0
ISHARES TR IBOXX INV	CP ETF	464287242	3,164	26,100	SH		SOLE	1	26,100	0	0
ISHARES TR INTL	SEL DIV ETF	464288448	1,381	40,895	SH		SOLE	1	40,895	0	0
ISHARES TR MIN	VOL USA ETF	46429B697	816	16,200	SH		SOLE	1	16,200	0	0
ISHARES TR U.S.	BAS MTL ETF	464287838	115	1,200	SH		SOLE	1	1,200	0	0
ITAU UNIBANCO HLDG SA	SPON ADR REP PFD	465562106	63	4,600	SH		SOLE	1	4,600	0	0
ITAU UNIBANCO HLDG SA	SPON ADR REP PFD	465562106	11,316	825,983	SH		SOLE	1	825,983	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	241	1,650	SH		SOLE	1	1,650	0	0
LASALLE HOTEL PPTYS	COM SH BEN INT	517942108	325	11,200	SH		SOLE	1	11,200	0	0
LIBERTY BROADBAND CORP COM	SER C	530307305	319	3,350	SH		SOLE	1	3,350	0	0
LIBERTY GLOBAL PLC SHS	CL C	G5480U120	1,138	34,800	SH		OTR	1	34,800	0	0
LIBERTY GLOBAL PLC SHS	CL C	G5480U120	566	17,309	SH		SOLE	1	17,309	0	0
LIBERTY INTERACTIVE CORP	QVC GP COM SER A	53071M104	293	12,450	SH		SOLE	1	12,450	0	0
LIBERTY MEDIA CORP DELAWARE	COM A SIRIUSXM	531229409	124	2,950	SH		SOLE	1	2,950	0	0
LIBERTY PPTY TR	SH BEN INT	531172104	1,343	32,700	SH		SOLE	1	32,700	0	0
LYONDELLBASELL INDUSTRIES	N SHS - A -	N53745100	753	7,600	SH		OTR	1	7,600	0	0
LYONDELLBASELL INDUSTRIES	N SHS - A -	N53745100	1,013	10,224	SH		SOLE	1	10,224	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	351	3,420	SH		SOLE	1	3,420	0	0
MOLSON COORS BREWING CO	CL B	60871R209	464	5,687	SH		SOLE	1	5,687	0	0
MUELLER WTR PRODS INC	COM SER A	624758108	1,404	109,700	SH		SOLE	1	109,700	0	0
MYLAN N V	SHS EURO	N59465109	418	13,318	SH		SOLE	1	13,318	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	99	4,100	SH		SOLE	1	4,100	0	0
NEWS CORP NEW	CL B	65249B208	0	23	SH		SOLE	1	23	0	0
NIELSEN HLDGS PLC	SHS EUR	G6518L108	438	10,565	SH		SOLE	1	10,565	0	0
NIKE INC	CL B	654106103	7,615	146,870	SH		OTR	1	146,870	0	0
NIKE INC	CL B	654106103	2,370	45,709	SH		SOLE	1	45,709	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	73	7,000	SH		SOLE	1	7,000	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	9,301	962,800	SH		SOLE	1	962,800	0	0
PLAINS GP HLDGS	L P LTD PARTNR INT A	72651A207	17	800	SH		SOLE	1	800	0	0
POWERSHARES DB CMDTY	IDX TRA UNIT BEN INT	73935S105	8	500	SH		SOLE	1	500	0	0
POWERSHARES ETF	TR II EMER MRKT PORT	73936T763	1,642	77,000	SH		SOLE	1	77,000	0	0
POWERSHARES ETF	TR II PWRSHS SP500 LOW	73937B654	103	2,500	SH		SOLE	1	2,500	0	0
POWERSHARES ETF	TR II S&P500 LOW VOL	73937B779	792	17,300	SH		SOLE	1	17,300	0	0
POWERSHS DB MULTI SECT COMM	PS DB AGRICUL FD	73936B408	501	26,400	SH		SOLE	1	26,400	0	0
POWERSHS DB MULTI SECT COMM	DB BASE METALS	73936B705	76	4,200	SH		SOLE	1	4,200	0	0
RAMCO-GERSHENSON PPTYS	TR COM SH BEN INT	751452202	100	7,700	SH		SOLE	1	7,700	0	0
SELECT INCOME REIT COM	SH BEN INT	81618T100	143	6,100	SH		SOLE	1	6,100	0	0
SELECT SECTOR SPDR	TR ENERGY	81369Y506	274	4,000	SH		SOLE	1	4,000	0	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	193	3,400	SH		SOLE	1	3,400	0	0
SENIOR HSG PPTYS	TR SH BEN INT	81721M109	461	23,600	SH		SOLE	1	23,600	0	0
SOCIEDAD QUIMICA MINERA DE C	SPON ADR SER B	833635105	28	500	SH		SOLE	1	500	0	0
SPDR DOW JONES INDL AVRG	ETF UT SER 1	78467X109	2,605	11,640	SH		SOLE	1	11,640	0	0
SPDR S&P 500 ETF	TR TR UNIT	78462F103	1,256	5,000	SH		SOLE	1	5,000	0	0
SPDR SER TR BLOOMBERG	SRT TR	78468R408	84	3,000	SH		SOLE	1	3,000	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	82	2,400	SH		SOLE	1	2,400	0	0
SPDR SERIES	TRUST S&P METALS MNG	78464A755	232	7,200	SH		SOLE	1	7,200	0	0
SPRINT CORP	COM SER 1	85207U105	197	25,379	SH		SOLE	1	25,379	0	0
STERIS PLC	SHS USD	G84720104	8,400	95,025	SH		OTR	1	95,025	0	0
TAL ED GROUP	SPONSORED ADS	874080104	20	600	SH		SOLE	1	600	0	0
TWENTY FIRST CENTY FOX INC	CL B	90130A200	351	13,594	SH		SOLE	1	13,594	0	0
UNDER ARMOUR INC	CL C	904311206	892	59,454	SH		DFND		59,454	0	0
UNDER ARMOUR INC	CL C	904311206	2,895	192,710	SH		OTR	1	192,710	0	0
UNDER ARMOUR INC	CL C	904311206	87	5,765	SH		SOLE	1	5,765	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	287	2,388	SH		OTR	1	2,388	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	2,449	20,396	SH		SOLE	1	20,396	0	0
UNITED STATES NATL GAS FUND	UNIT PAR $0.001	912318201	267	40,700	SH		SOLE	1	40,700	0	0
UNITED STATES OIL FUND	LP UNITS	91232N108	477	45,700	SH		SOLE	1	45,700	0	0
UNITED STS BRENT OIL FD	LP UNIT	91167Q100	243	16,000	SH		SOLE	1	16,000	0	0
UNIVERSAL HEALTH RLTY	INCM T SH BEN INT	91359E105	91	1,200	SH		SOLE	1	1,200	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	6,267	56,488	SH		OTR	1	56,488	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	290	2,617	SH		SOLE	1	2,617	0	0
VANECK VECTORS ETF	TR RUSSIA ETF	92189F403	47	2,100	SH		SOLE	1	2,100	0	0
VANECK VECTORS ETF	TR AGRIBUSINESS ETF	92189F700	230	3,900	SH		SOLE	1	3,900	0	0
VANECK VECTORS ETF	TR RARE EARTH STRAT	92189F742	34	1,300	SH		SOLE	1	1,300	0	0
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	37	1,600	SH		SOLE	1	1,600	0	0
VANGUARD INDEX FDS	REIT ETF	922908553	607	7,300	SH		SOLE	1	7,300	0	0
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	681	8,500	SH		SOLE	1	8,500	0	0
VANGUARD SCOTTSDALE FDS	LG-TERM COR BD	92206C813	687	7,300	SH		SOLE	1	7,300	0	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	678	7,700	SH		SOLE	1	7,700	0	0
VANGUARD WHITEHALL FDS INC	HIGH DIV YLD	921946406	932	11,493	SH		SOLE	1	11,493	0	0
VIACOM INC	NEW CL B	92553P201	288	10,333	SH		SOLE	1	10,333	0	0
VORNADO RLTY TR	SH BEN INT	929042109	295,547	3,844,269	SH		OTR	1	3,844,269	0	0
VORNADO RLTY TR	SH BEN INT	929042109	2,553	33,202	SH		SOLE	1	33,202	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	252	7,700	SH		SOLE	1	7,700	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	371	11,700	SH		SOLE	1	11,700	0	0
ZILLOW GROUP INC	CL C CAP STK	98954M200	2,510	62,438	SH		DFND		62,438	0	0
ZILLOW GROUP INC	CL C CAP STK	98954M200	129	3,200	SH		SOLE	1	3,200	0	0
ABBOTT	COM	002824100	5,639	105,681	SH		OTR	1	105,681	0	0
ABBOTT	COM	002824100	2,839	53,197	SH		SOLE	1	53,197	0	0
ABBVIE	COM	00287Y109	613	6,900	SH		OTR	1	6,900	0	0
ABBVIE	COM	00287Y109	5,338	60,067	SH		SOLE	1	60,067	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	311	2,300	SH		OTR	1	2,300	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	8,577	63,503	SH		OTR	1	63,503	0	0
ACCENTURE PLC IRELAND	CLASS A	G1151C101	2,508	18,570	SH		SOLE	1	18,570	0	0
ACTIVISION BLIZZARD	COM	00507V109	3,445	53,398	SH		OTR	1	53,398	0	0
ACTIVISION BLIZZARD	COM	00507V109	2,208	34,221	SH		SOLE	1	34,221	0	0
ACUITY BRANDS	COM	00508Y102	233	1,359	SH		SOLE	1	1,359	0	0
ADOBE SYS	COM	00724F101	4,293	28,776	SH		SOLE	1	28,776	0	0
ADVANCE AUTO PARTS	COM	00751Y106	222	2,242	SH		SOLE	1	2,242	0	0
ADVANCED MICRO DEVICES	COM	007903107	324	25,392	SH		SOLE	1	25,392	0	0
AECOM TECHNOLOGY CORP	COM	00766T100	18,534	503,500	SH		SOLE	1	503,500	0	0
AERCAP HOLDINGS	SHS	N00985106	6,003	117,457	SH		OTR	1	117,457	0	0
AERCAP HOLDINGS	SHS	N00985106	238	4,650	SH		SOLE	1	4,650	0	0
AES	COM	00130H105	217	19,728	SH		SOLE	1	19,728	0	0
AETNA INC	COM	00817Y108	5,711	35,915	SH		OTR	1	35,915	0	0
AETNA INC	COM	00817Y108	1,573	9,893	SH		SOLE	1	9,893	0	0
AFFILIATED MANAGERS	COM	008252108	338	1,780	SH		SOLE	1	1,780	0	0
AFLAC	COM	001055102	1,880	23,100	SH		OTR	1	23,100	0	0
AFLAC	COM	001055102	1,576	19,358	SH		SOLE	1	19,358	0	0
AGCO	COM	001084102	144	1,950	SH		SOLE	1	1,950	0	0
AGILENT TECHNOLOGIES	COM	00846U101	1,640	25,549	SH		OTR	1	25,549	0	0
AGILENT TECHNOLOGIES	COM	00846U101	1,006	15,667	SH		SOLE	1	15,667	0	0
AGNC INVT	COM	00123Q104	360	16,600	SH		SOLE	1	16,600	0	0
AGREE REALTY	COM	008492100	133	2,700	SH		SOLE	1	2,700	0	0
AIR LEASE	CL A	00912X302	5,068	118,902	SH		OTR	1	118,902	0	0
AIR PRODS & CHEMS	COM	009158106	988	6,536	SH		SOLE	1	6,536	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	253	5,183	SH		SOLE	1	5,183	0	0
ALASKA AIR GROUP	COM	011659109	168	2,200	SH		OTR	1	2,200	0	0
ALASKA AIR GROUP	COM	011659109	1,581	20,724	SH		SOLE	1	20,724	0	0
ALBEMARLE	COM	012653101	729	5,345	SH		SOLE	1	5,345	0	0
ALCOA	COM	013872106	42	900	SH		SOLE	1	900	0	0
ALEXANDER & BALDWIN INC	COM	014491104	208	4,500	SH		SOLE	1	4,500	0	0
ALEXANDERS	COM	014752109	170	400	SH		SOLE	1	400	0	0
ALEXANDRIA REAL ESTATE EQ	COM	015271109	2,136	17,952	SH		SOLE	1	17,952	0	0
ALEXION PHARMACEUTICALS	COM	015351109	923	6,582	SH		SOLE	1	6,582	0	0
ALIGN TECHNOLOGY	COM	016255101	804	4,315	SH		SOLE	1	4,315	0	0
ALKERMES	SHS	G01767105	236	4,650	SH		SOLE	1	4,650	0	0
ALLEGHANY CORP	COM	017175100	404	730	SH		SOLE	1	730	0	0
ALLEGIANT TRAVEL	COM	01748X102	198	1,500	SH		SOLE	1	1,500	0	0
ALLEGION PUB LTD CO	SHS	G0176J109	239	2,768	SH		SOLE	1	2,768	0	0
ALLERGAN	SHS	G0177J108	2,065	10,078	SH		SOLE	1	10,078	0	0
ALLIANCE DATA SYSTEMS	COM	018581108	346	1,561	SH		SOLE	1	1,561	0	0
ALLIANT ENERGY	COM	018802108	70	1,686	SH		OTR	1	1,686	0	0
ALLIANT ENERGY	COM	018802108	280	6,744	SH		SOLE	1	6,744	0	0
ALLISON TRANSMISSION HLDGS	COM	01973R101	8,842	235,600	SH		SOLE	1	235,600	0	0
ALLSTATE	COM	020002101	2,789	30,341	SH		SOLE	1	30,341	0	0
ALLY FINL	COM	02005N100	328	13,500	SH		SOLE	1	13,500	0	0
ALPHABET INC CAP	CL A	02079K305	560	575	SH		OTR	1	575	0	0
ALPHABET INC CAP	CL A	02079K305	15,079	15,486	SH		SOLE	1	15,486	0	0
ALTABA	COM	021346101	1,329	20,073	SH		DFND		20,073	0	0
ALTRIA GROUP	COM	02209S103	1,142	18,000	SH		OTR	1	18,000	0	0
ALTRIA GROUP	COM	02209S103	9,107	143,597	SH		SOLE	1	143,597	0	0
AMAZON COM	COM	023135106	14,994	15,597	SH		DFND		15,597	0	0
AMAZON COM	COM	023135106	4,361	4,536	SH		OTR	1	4,536	0	0
AMAZON COM	COM	023135106	12,076	12,562	SH		SOLE	1	12,562	0	0
AMBARELLA	SHS	G037AX101	2,031	41,449	SH		DFND		41,449	0	0
AMBEV SA	ADR	02319V103	86	13,000	SH		SOLE	1	13,000	0	0
AMBEV SA	ADR	02319V103	2,407	365,300	SH		SOLE	1	365,300	0	0
AMERCO	COM	023586100	90	240	SH		SOLE	1	240	0	0
AMEREN	COM	023608102	425	7,347	SH		SOLE	1	7,347	0	0
AMERICA MOVIL SAB DE CV SPON ADR	SHS	02364W105	158	8,900	SH		SOLE	1	8,900	0	0
AMERICAN AIRLS GROUP	COM	02376R102	1,493	31,428	SH		SOLE	1	31,428	0	0
AMERICAN ASSETS TR	COM	024013104	159	4,000	SH		SOLE	1	4,000	0	0
AMERICAN CAMPUS CMNTYS	COM	024835100	208,657	4,726,086	SH		OTR	1	4,726,086	0	0
AMERICAN CAMPUS CMNTYS	COM	024835100	595	13,468	SH		SOLE	1	13,468	0	0
AMERICAN ELEC PWR	COM	025537101	1,162	16,550	SH		SOLE	1	16,550	0	0
AMERICAN EXPRESS	COM	025816109	742	8,200	SH		OTR	1	8,200	0	0
AMERICAN EXPRESS	COM	025816109	5,431	60,041	SH		SOLE	1	60,041	0	0
AMERICAN FINL GROUP INC	COM	025932104	233	2,250	SH		SOLE	1	2,250	0	0
AMERICAN HOMES 4	CL A	02665T306	69,099	3,182,828	SH		OTR	1	3,182,828	0	0
AMERICAN HOMES 4	CL A	02665T306	491	22,608	SH		SOLE	1	22,608	0	0
AMERICAN INTL GROUP	COM NEW	026874784	4,143	67,500	SH		DFND	3,4,2	67,500	0	0
AMERICAN INTL GROUP	COM NEW	026874784	3,857	62,825	SH		OTR	1	62,825	0	0
AMERICAN INTL GROUP	COM NEW	026874784	4,052	66,007	SH		SOLE	1	66,007	0	0
AMERICAN INTL GROUP	PUT	026874954	368	1,250	SH		DFND	3,4,2	1,250	0	0
AMERICAN TOWER CORP	COM	03027X100	12,685	92,811	SH		OTR	1	92,811	0	0
AMERICAN TOWER CORP	COM	03027X100	1,729	12,649	SH		SOLE	1	12,649	0	0
AMERICAN WTR WKS CO INC	COM	030420103	529	6,534	SH		SOLE	1	6,534	0	0
AMERIPRISE FINL	COM	03076C106	134	900	SH		OTR	1	900	0	0
AMERIPRISE FINL	COM	03076C106	1,481	9,973	SH		SOLE	1	9,973	0	0
AMERISOURCEBERGEN	COM	03073E105	400	4,832	SH		SOLE	1	4,832	0	0
AMETEK INC	COM	031100100	7,458	112,932	SH		OTR	1	112,932	0	0
AMETEK INC	COM	031100100	835	12,644	SH		SOLE	1	12,644	0	0
AMGEN	COM	031162100	634	3,400	SH		OTR	1	3,400	0	0
AMGEN	COM	031162100	6,751	36,208	SH		SOLE	1	36,208	0	0
AMPHENOL CORP	CL A	032095101	1,230	14,533	SH		SOLE	1	14,533	0	0
ANADARKO PETE	COM	032511107	802	16,425	SH		SOLE	1	16,425	0	0
ANALOG DEVICES	COM	032654105	259	3,000	SH		OTR	1	3,000	0	0
ANALOG DEVICES	COM	032654105	947	10,991	SH		SOLE	1	10,991	0	0
ANDEAVOR	COM	03349M105	470	4,558	SH		SOLE	1	4,558	0	0
ANNALY CAP MGMT	COM	035710409	635	52,100	SH		SOLE	1	52,100	0	0
ANSYS	COM	03662Q105	499	4,067	SH		SOLE	1	4,067	0	0
ANTERO RES	COM	03674X106	121	6,100	SH		SOLE	1	6,100	0	0
ANTHEM	COM	036752103	1,619	8,526	SH		OTR	1	8,526	0	0
ANTHEM	COM	036752103	2,582	13,596	SH		SOLE	1	13,596	0	0
AON PLC	CL A	G0408V102	1,139	7,795	SH		SOLE	1	7,795	0	0
APACHE	COM	037411105	523	11,418	SH		SOLE	1	11,418	0	0
APARTMENT INVT & MGMT	CL A	03748R101	265,663	6,057,076	SH		OTR	1	6,057,076	0	0
APARTMENT INVT & MGMT	CL A	03748R101	694	15,822	SH		SOLE	1	15,822	0	0
APARTMENT INVT & MGMT CO PFD	CL A 6.875%	03748R762	2,581	96,430	SH		OTR	1	0	0	0
APPLE	COM	037833100	3,727	24,186	SH		DFND		24,186	0	0
APPLE	COM	037833100	3,421	22,200	SH		OTR	1	22,200	0	0
APPLE	COM	037833100	34,074	221,087	SH		SOLE	1	221,087	0	0
APPLE HOSPITALITY REIT	COM NEW	03784Y200	15,318	810,031	SH		OTR	1	810,031	0	0
APPLE HOSPITALITY REIT	COM NEW	03784Y200	386	20,400	SH		SOLE	1	20,400	0	0
APPLIED MATLS	COM	038222105	2,816	54,077	SH		DFND		54,077	0	0
APPLIED MATLS	COM	038222105	1,729	33,200	SH		OTR	1	33,200	0	0
APPLIED MATLS	COM	038222105	5,085	97,624	SH		SOLE	1	97,624	0	0
ARAMARK HLDGS CORP	COM	03852U106	6,090	149,952	SH		OTR	1	149,952	0	0
ARAMARK HLDGS CORP	COM	03852U106	713	17,550	SH		SOLE	1	17,550	0	0
ARCH CAP GROUP	ORD	G0450A105	670	6,800	SH		SOLE	1	6,800	0	0
ARCHER DANIELS MIDLAND	COM	039483102	717	16,869	SH		SOLE	1	16,869	0	0
ARCONIC	COM	03965L100	1,207	48,500	SH		OTR	1	48,500	0	0
ARCONIC	COM	03965L100	284	11,418	SH		SOLE	1	11,418	0	0
ARISTA NETWORKS	COM	040413106	256	1,350	SH		SOLE	1	1,350	0	0
ARMADA HOFFLER PPTYS	COM	04208T108	57	4,100	SH		SOLE	1	4,100	0	0
ARROW ELECTRS	COM	042735100	197	2,450	SH		SOLE	1	2,450	0	0
ASHFORD HOSPITALITY PRIME	COM	044102101	23	2,373	SH		SOLE	1	2,373	0	0
ASHFORD HOSPITALITY TR INC	SHS	044103109	59	8,900	SH		SOLE	1	8,900	0	0
ASSURANT	COM	04621X108	159	1,661	SH		SOLE	1	1,661	0	0
ASSURED GUARANTY	COM	G0585R106	2,409	63,804	SH		OTR	1	63,804	0	0
AT&T	COM	00206R102	1,073	27,400	SH		OTR	1	27,400	0	0
AT&T	COM	00206R102	10,562	269,644	SH		SOLE	1	269,644	0	0
ATHENE HLDG	CL A	G0684D107	162	3,000	SH		SOLE	1	3,000	0	0
ATLASSIAN CORP	CL A	G06242104	3,142	89,397	SH		OTR	1	89,397	0	0
ATMOS ENERGY	COM	049560105	327	3,900	SH		SOLE	1	3,900	0	0
AUTODESK	COM	052769106	661	5,885	SH		SOLE	1	5,885	0	0
AUTOLIV	COM	052800109	315	2,550	SH		SOLE	1	2,550	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	3,977	36,378	SH		OTR	1	36,378	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	2,088	19,101	SH		SOLE	1	19,101	0	0
AUTONATION	COM	05329W102	112	2,350	SH		SOLE	1	2,350	0	0
AUTOZONE	COM	053332102	2,483	4,172	SH		OTR	1	4,172	0	0
AUTOZONE	COM	053332102	520	873	SH		SOLE	1	873	0	0
AVALONBAY CMNTYS	COM	053484101	219,334	1,229,312	SH		OTR	1	1,229,312	0	0
AVALONBAY CMNTYS	COM	053484101	4,278	23,979	SH		SOLE	1	23,979	0	0
AVANGRID	COM	05351W103	9,602	202,483	SH		OTR	1	202,483	0	0
AVERY DENNISON	COM	053611109	272	2,767	SH		SOLE	1	2,767	0	0
AVID TECHNOLOGY INC	NOTE 2.000% 6/1	05367PAB6	1,140	1,500,000	PRN		DFND	3,4,2	1,500,000	0	0
AVNET	COM	053807103	153	3,900	SH		SOLE	1	3,900	0	0
AXALTA COATING SYS	COM	G0750C108	182	6,300	SH		SOLE	1	6,300	0	0
AXIS CAPITAL HOLDINGS	SHS	G0692U109	146	2,550	SH		SOLE	1	2,550	0	0
BAKER HUGHES A GE	CL A	05722G100	428	11,683	SH		SOLE	1	11,683	0	0
BALL	COM	058498106	10,312	249,678	SH		OTR	1	249,678	0	0
BALL	COM	058498106	394	9,544	SH		SOLE	1	9,544	0	0
BANCO DE CHILE	ADR	059520106	9	100	SH		SOLE	1	100	0	0
BANCO SANTANDER CHILE NEW SP ADR	COM	05965X109	80	2,700	SH		SOLE	1	2,700	0	0
BANK AMER	COM	060505104	1,324	52,271	SH		DFND		52,271	0	0
BANK AMER	COM	060505104	8,235	324,962	SH		OTR	1	324,962	0	0
BANK AMER	COM	060505104	12,274	484,353	SH		SOLE	1	484,353	0	0
BANK N S	COM	064149107	1,079	16,800	SH		OTR	1	16,800	0	0
BANK NEW YORK MELLON	COM	064058100	3,006	56,701	SH		SOLE	1	56,701	0	0
BARD C R	COM	067383109	1,283	4,002	SH		SOLE	1	4,002	0	0
BAXTER INTL	COM	071813109	2,554	40,695	SH		OTR	1	40,695	0	0
BAXTER INTL	COM	071813109	1,499	23,887	SH		SOLE	1	23,887	0	0
BB&T	COM	054937107	1,529	32,571	SH		SOLE	1	32,571	0	0
BECTON DICKINSON &	COM	075887109	1,790	9,137	SH		SOLE	1	9,137	0	0
BED BATH & BEYOND	COM	075896100	107	4,550	SH		SOLE	1	4,550	0	0
BERKLEY W R	COM	084423102	180	2,700	SH		SOLE	1	2,700	0	0
BEST BUY	COM	086516101	1,196	21,003	SH		SOLE	1	21,003	0	0
BIOGEN	COM	09062X103	157	500	SH		OTR	1	500	0	0
BIOGEN	COM	09062X103	2,288	7,306	SH		SOLE	1	7,306	0	0
BIOMARIN PHARMACEUTICAL	COM	09061G101	484	5,200	SH		SOLE	1	5,200	0	0
BLACKROCK	COM	09247X101	7,229	16,168	SH		OTR	1	16,168	0	0
BLACKROCK	COM	09247X101	2,759	6,171	SH		SOLE	1	6,171	0	0
BLOCK H & R	COM	093671105	178	6,740	SH		SOLE	1	6,740	0	0
BLUE BUFFALO PET PRODS	COM	09531U102	3,766	132,825	SH		OTR	1	132,825	0	0
BLUEBIRD BIO	COM	09609G100	2,920	21,263	SH		OTR	1	21,263	0	0
BLUEROCK RESIDENTIAL GRW REI	CL A	09627J102	20	1,800	SH		SOLE	1	1,800	0	0
BOEING	COM	097023105	1,830	7,200	SH		OTR	1	7,200	0	0
BOEING	COM	097023105	14,177	55,769	SH		SOLE	1	55,769	0	0
BORGWARNER	COM	099724106	327	6,389	SH		SOLE	1	6,389	0	0
BOSTON PROPERTIES	COM	101121101	3,401	27,676	SH		SOLE	1	27,676	0	0
BOSTON SCIENTIFIC	COM	101137107	1,936	66,379	SH		SOLE	1	66,379	0	0
BRF SA	ADR	10552T107	6,665	462,559	SH		SOLE	1	462,559	0	0
BRIGHT HORIZONS FAM SOL IN	COM	109194100	69	800	SH		SOLE	1	800	0	0
BRIGHTHOUSE FINL	COM	10922N103	152	2,495	SH		SOLE	1	2,495	0	0
BRISTOL MYERS SQUIBB	COM	110122108	7,220	113,266	SH		OTR	1	113,266	0	0
BRISTOL MYERS SQUIBB	COM	110122108	5,117	80,281	SH		SOLE	1	80,281	0	0
BRIXMOR PPTY GROUP	COM	11120U105	72,144	3,837,454	SH		OTR	1	3,837,454	0	0
BRIXMOR PPTY GROUP	COM	11120U105	1,256	66,800	SH		SOLE	1	66,800	0	0
BROADCOM	SHS	Y09827109	252	1,040	SH		DFND		1,040	0	0
BROADCOM	SHS	Y09827109	128	528	SH		OTR	1	528	0	0
BROADCOM	SHS	Y09827109	10,873	44,830	SH		OTR	1	44,830	0	0
BROADCOM	SHS	Y09827109	1,625	6,700	SH		OTR	1	6,700	0	0
BROADCOM	SHS	Y09827109	5,336	22,000	SH		SOLE	1	22,000	0	0
BROADRIDGE FINL SOLUTIONS	COM	11133T103	279	3,450	SH		SOLE	1	3,450	0	0
BUNGE	COM	G16962105	281	4,050	SH		SOLE	1	4,050	0	0
BURLINGTON STORES	COM	122017106	143	1,500	SH		SOLE	1	1,500	0	0
C H ROBINSON WORLDWIDE	COM NEW	12541W209	337	4,427	SH		SOLE	1	4,427	0	0
CA	COM	12673P105	313	9,366	SH		SOLE	1	9,366	0	0
CA	CALL	12673P905	8	142	SH		DFND	3,4,2	142	0	0
CA	CALL	12673P905	22	1,000	SH		DFND	3,4,2	1,000	0	0
CABOT OIL & GAS	COM	127097103	364	13,590	SH		SOLE	1	13,590	0	0
CADENCE DESIGN SYSTEM	COM	127387108	559	14,154	SH		SOLE	1	14,154	0	0
CAESARS ENTMT	PUT	127686953	36	1,826	SH		DFND	3,4,2	1,826	0	0
CAMPBELL SOUP	COM	134429109	278	5,937	SH		SOLE	1	5,937	0	0
CAPITAL ONE FINL	COM	14040H105	1,198	14,150	SH		SOLE	1	14,150	0	0
CARDINAL HEALTH	COM	14149Y108	611	9,133	SH		SOLE	1	9,133	0	0
CARETRUST REIT	COM	14174T107	145	7,606	SH		SOLE	1	7,606	0	0
CARMAX	COM	143130102	5,919	78,075	SH		OTR	1	78,075	0	0
CARMAX	COM	143130102	677	8,930	SH		SOLE	1	8,930	0	0
CATERPILLAR INC	COM	149123101	2,417	19,380	SH		OTR	1	19,380	0	0
CATERPILLAR INC	COM	149123101	16,972	136,091	SH		SOLE	1	136,091	0	0
CBL & ASSOC PPTYS	COM	124830100	141	16,845	SH		SOLE	1	16,845	0	0
CBOE HLDGS	COM	12503M108	325	3,018	SH		SOLE	1	3,018	0	0
CBRE GROUP	CL A	12504L109	3,316	87,548	SH		OTR	1	87,548	0	0
CBRE GROUP	CL A	12504L109	347	9,158	SH		SOLE	1	9,158	0	0
CDK GLOBAL	COM	12508E101	221	3,500	SH		SOLE	1	3,500	0	0
CDW	COM	12514G108	3,341	50,615	SH		OTR	1	50,615	0	0
CDW	COM	12514G108	300	4,550	SH		SOLE	1	4,550	0	0
CEDAR REALTY TRUST	COM NEW	150602209	42	7,400	SH		SOLE	1	7,400	0	0
CELGENE	COM	151020104	8,357	57,310	SH		OTR	1	57,310	0	0
CELGENE	COM	151020104	3,511	24,075	SH		SOLE	1	24,075	0	0
CENTENE CORP	COM	15135B101	510	5,269	SH		SOLE	1	5,269	0	0
CENTERPOINT ENERGY	COM	15189T107	1,276	43,700	SH		OTR	1	43,700	0	0
CENTERPOINT ENERGY	COM	15189T107	353	12,083	SH		SOLE	1	12,083	0	0
CENTURYLINK	COM	156700106	297	15,698	SH		SOLE	1	15,698	0	0
CERNER	COM	156782104	1,061	14,871	SH		SOLE	1	14,871	0	0
CF INDS HLDGS	COM	125269100	234	6,645	SH		SOLE	1	6,645	0	0
CHANGYOU COM LTD ADS	CL A	15911M107	903	22,800	SH		SOLE	1	22,800	0	0
CHARTER COMMUNICATIONS INC	CL A	16119P108	5,002	13,765	SH		OTR	1	13,765	0	0
CHARTER COMMUNICATIONS INC	CL A	16119P108	2,326	6,400	SH		SOLE	1	6,400	0	0
CHATHAM LODGING	COM	16208T102	83	3,900	SH		SOLE	1	3,900	0	0
CHECK POINT SOFTWARE TECH	ORD	M22465104	462	4,050	SH		SOLE	1	4,050	0	0
CHENIERE ENERGY	COM NEW	16411R208	257	5,700	SH		SOLE	1	5,700	0	0
CHESAPEAKE ENERGY	COM	165167107	1	147	SH		SOLE	1	147	0	0
CHEVRON CORP	COM	166764100	1,363	11,600	SH		OTR	1	11,600	0	0
CHEVRON CORP	COM	166764100	7,545	64,216	SH		SOLE	1	64,216	0	0
CHICAGO BRIDGE & IRON CO N	COM	167250109	609	36,290	SH		DFND		36,290	0	0
CHIPOTLE MEXICAN GRILL	COM	169656105	337	1,096	SH		SOLE	1	1,096	0	0
CHUBB	COM	H1467J104	285	2,000	SH		OTR	1	2,000	0	0
CHUBB	COM	H1467J104	1,971	13,829	SH		SOLE	1	13,829	0	0
CHURCH & DWIGHT	COM	171340102	351	7,248	SH		SOLE	1	7,248	0	0
CIENA	PUT	171779959	5	2,522	SH		DFND	3,4,2	2,522	0	0
CIENA	PUT	171779959	28	1,000	SH		DFND	3,4,2	1,000	0	0
CIENA CORP	NOTE 3.750%10/1 ADDED	171779AJ0	30,319	25,000,000	PRN		DFND	3,4,2	25,000,000	0	0
CIGNA	COM	125509109	1,522	8,143	SH		SOLE	1	8,143	0	0
CIMAREX ENERGY	COM	171798101	326	2,868	SH		SOLE	1	2,868	0	0
CINCINNATI FINL	COM	172062101	340	4,444	SH		SOLE	1	4,444	0	0
CINTAS	COM	172908105	9,218	63,892	SH		OTR	1	63,892	0	0
CINTAS	COM	172908105	601	4,167	SH		SOLE	1	4,167	0	0
CISCO SYS	COM	17275R102	837	24,900	SH		OTR	1	24,900	0	0
CISCO SYS	COM	17275R102	10,446	310,605	SH		SOLE	1	310,605	0	0
CIT GROUP	COM NEW	125581801	206	4,200	SH		SOLE	1	4,200	0	0
CITIGROUP	COM NEW	172967424	28,647	393,821	SH		OTR	1	393,821	0	0
CITIGROUP	COM NEW	172967424	6,218	85,482	SH		SOLE	1	85,482	0	0
CITIZENS FINL GROUP	COM	174610105	1,003	26,485	SH		SOLE	1	26,485	0	0
CITRIX SYS	COM	177376100	360	4,681	SH		SOLE	1	4,681	0	0
CITY OFFICE REIT	COM	178587101	30	2,200	SH		SOLE	1	2,200	0	0
CLEAN HARBORS	COM	184496107	8,281	146,049	SH		OTR	1	146,049	0	0
CLIPPER RLTY	COM	18885T306	16	1,500	SH		SOLE	1	1,500	0	0
CLOROX CO	COM	189054109	722	5,475	SH		SOLE	1	5,475	0	0
CME GROUP INC	CL A	12572Q105	1,930	14,228	SH		SOLE	1	14,228	0	0
CMS ENERGY	COM	125896100	378	8,154	SH		SOLE	1	8,154	0	0
COACH	COM	189754104	1,479	36,721	SH		DFND		36,721	0	0
COACH	COM	189754104	513	12,730	SH		SOLE	1	12,730	0	0
COCA COLA	COM	191216100	7,143	158,688	SH		SOLE	1	158,688	0	0
COGNEX	COM	192422103	264	2,399	SH		DFND		2,399	0	0
COGNIZANT TECHNOLOGY	CL A	192446102	5,819	80,220	SH		OTR	1	80,220	0	0
COGNIZANT TECHNOLOGY	CL A	192446102	1,289	17,771	SH		SOLE	1	17,771	0	0
COLGATE PALMOLIVE	COM	194162103	2,522	34,617	SH		SOLE	1	34,617	0	0
COLONY NORTHSTAR INC CL	COM	19625W104	880	70,060	SH		SOLE	1	70,060	0	0
COLUMBIA PPTY TR	COM NEW	198287203	266	12,200	SH		SOLE	1	12,200	0	0
COMCAST CORP	CL A	20030N101	777	20,200	SH		OTR	1	20,200	0	0
COMCAST CORP	CL A	20030N101	10,568	274,630	SH		SOLE	1	274,630	0	0
COMERICA	COM	200340107	636	8,334	SH		SOLE	1	8,334	0	0
COMMSCOPE HLDG CO	COM	20337X109	3,128	94,190	SH		OTR	1	94,190	0	0
COMMSCOPE HLDG CO	COM	20337X109	188	5,650	SH		SOLE	1	5,650	0	0
COMMUNITY HEALTHCARE TR	COM	20369C106	46	1,700	SH		SOLE	1	1,700	0	0
COMPANHIA BRASILEIRA DE DIST SPN ADR	CL A	20440T201	327	13,800	SH		SOLE	1	13,800	0	0
COMPANHIA DE SANEAMENTO BASI	ADR	20441A102	1,418	135,600	SH		SOLE	1	135,600	0	0
COMPANHIA SIDERURGICA NACION	ADR	20440W105	1,681	567,800	SH		SOLE	1	567,800	0	0
COMPANIA DE MINAS BUENAVENTU	ADR	204448104	19	1,500	SH		SOLE	1	1,500	0	0
CONAGRA BRANDS	COM	205887102	411	12,194	SH		SOLE	1	12,194	0	0
CONCHO RES	COM	20605P101	588	4,464	SH		SOLE	1	4,464	0	0
CONOCOPHILLIPS	COM	20825C104	1,874	37,441	SH		SOLE	1	37,441	0	0
CONSOLIDATED EDISON	COM	209115104	1,065	13,197	SH		SOLE	1	13,197	0	0
CONSTELLATION BRANDS	CL A	21036P108	1,044	5,235	SH		SOLE	1	5,235	0	0
CONTINENTAL RESOURCES	COM	212015101	98	2,550	SH		SOLE	1	2,550	0	0
COOPER COS	COM NEW	216648402	563	2,374	SH		SOLE	1	2,374	0	0
CORE LABORATORIES N	COM	N22717107	138	1,400	SH		SOLE	1	1,400	0	0
CORECIVIC	COM	21871N101	51,249	1,914,407	SH		OTR	1	1,914,407	0	0
CORECIVIC	COM	21871N101	317	11,835	SH		SOLE	1	11,835	0	0
CORENERGY INFRASTRUCTURE	TR DEP SHS REPSTG	21870U304	2,212	85,075	SH		OTR	1	85,075	0	0
CORESITE RLTY	COM	21870Q105	380	3,400	SH		SOLE	1	3,400	0	0
CORNING	COM	219350105	2,907	97,153	SH		SOLE	1	97,153	0	0
COSTAR GROUP	COM	22160N109	268	1,000	SH		SOLE	1	1,000	0	0
COSTCO WHSL CORP	COM	22160K105	3,550	21,610	SH		SOLE	1	21,610	0	0
COTY INC	CL A	222070203	3,086	186,705	SH		OTR	1	186,705	0	0
COTY INC	CL A	222070203	226	13,647	SH		SOLE	1	13,647	0	0
COUSINS PPTYS	COM	222795106	203,505	21,788,575	SH		OTR	1	21,788,575	0	0
COUSINS PPTYS	COM	222795106	1,005	107,653	SH		SOLE	1	107,653	0	0
CREDICORP	COM	G2519Y108	62	300	SH		SOLE	1	300	0	0
CROWN CASTLE INTL CORP	COM	22822V101	534,498	5,346,054	SH		OTR	1	5,346,054	0	0
CROWN CASTLE INTL CORP	COM	22822V101	1,189	11,897	SH		SOLE	1	11,897	0	0
CROWN HOLDINGS	COM	228368106	233	3,900	SH		SOLE	1	3,900	0	0
CSRA	COM	12650T104	1	28	SH		SOLE	1	28	0	0
CSX	COM	126408103	17,127	315,640	SH		SOLE	1	315,640	0	0
CTRIP COM INTL LTD AMERICAN	SHS	22943F100	3,929	74,505	SH		OTR	1	74,505	0	0
CTRIP COM INTL LTD AMERICAN	SHS	22943F100	343	6,500	SH		SOLE	1	6,500	0	0
CUBESMART	COM	229663109	183,706	7,076,492	SH		OTR	1	7,076,492	0	0
CUBESMART	COM	229663109	470	18,100	SH		SOLE	1	18,100	0	0
CUMMINS	COM	231021106	1,355	8,064	SH		SOLE	1	8,064	0	0
CVS HEALTH	COM	126650100	1,025	12,600	SH		OTR	1	12,600	0	0
CVS HEALTH	COM	126650100	2,475	30,439	SH		SOLE	1	30,439	0	0
CYPRESS SEMICONDUCTOR CORP	NOTE 4.500% 1/1 ADDED	232806AM1	11,771	9,000,000	PRN		DFND	3,4,2	9,000,000	0	0
CYRUSONE	COM	23283R100	11,613	197,069	SH		OTR	1	197,069	0	0
CYRUSONE	COM	23283R100	536	9,100	SH		SOLE	1	9,100	0	0
D R HORTON	COM	23331A109	582	14,573	SH		SOLE	1	14,573	0	0
DANAHER CORP	COM	235851102	1,589	18,525	SH		SOLE	1	18,525	0	0
DARDEN RESTAURANTS	COM	237194105	479	6,074	SH		SOLE	1	6,074	0	0
DAVITA	COM	23918K108	287	4,830	SH		SOLE	1	4,830	0	0
DCT INDUSTRIAL TRUST	COM NEW	233153204	1,182	20,400	SH		SOLE	1	20,400	0	0
DDR	COM	23317H102	279	30,458	SH		SOLE	1	30,458	0	0
DEERE &	COM	244199105	1,045	8,318	SH		SOLE	1	8,318	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	98	1,000	SH		OTR	1	1,000	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	5,866	59,610	SH		OTR	1	59,610	0	0
DELPHI AUTOMOTIVE	SHS	G27823106	866	8,804	SH		SOLE	1	8,804	0	0
DELTA AIR LINES INC	COM NEW	247361702	5,509	114,245	SH		OTR	1	114,245	0	0
DELTA AIR LINES INC	COM NEW	247361702	1,720	35,669	SH		SOLE	1	35,669	0	0
DENTSPLY SIRONA	COM	24906P109	410	6,863	SH		SOLE	1	6,863	0	0
DEPOMED	PUT	249908954	41	2,116	SH		DFND	3,4,2	2,116	0	0
DEPOMED INC	NOTE 2.500% 9/0	249908AA2	1,864	2,500,000	PRN		DFND	3,4,2	2,500,000	0	0
DEVON ENERGY CORP	COM	25179M103	564	15,364	SH		SOLE	1	15,364	0	0
DEXCOM	COM	252131107	113	2,300	SH		SOLE	1	2,300	0	0
DIAMONDBACK ENERGY	COM	25278X109	3,326	33,951	SH		OTR	1	33,951	0	0
DIAMONDBACK ENERGY	COM	25278X109	260	2,650	SH		SOLE	1	2,650	0	0
DIAMONDROCK HOSPITALITY	COM	252784301	218	19,942	SH		SOLE	1	19,942	0	0
DICKS SPORTING GOODS	COM	253393102	59	2,200	SH		SOLE	1	2,200	0	0
DIGITAL RLTY TR	COM	253868103	761,751	6,437,513	SH		OTR	1	6,437,513	0	0
DIGITAL RLTY TR	COM	253868103	4,340	36,674	SH		SOLE	1	36,674	0	0
DISCOVER FINL	COM	254709108	807	12,510	SH		OTR	1	12,510	0	0
DISCOVER FINL	COM	254709108	1,713	26,573	SH		SOLE	1	26,573	0	0
DISH NETWORK	CL A	25470M109	4,895	90,270	SH		OTR	1	90,270	0	0
DISH NETWORK	CL A	25470M109	374	6,899	SH		SOLE	1	6,899	0	0
DISH NETWORK	PUT	25470M959	2	2,000	SH		DFND	3,4,2	2,000	0	0
DISH NETWORK CORP	NOTE 3.375% 8/1 ADDED	25470MAB5	5,600	5,000,000	PRN		DFND	3,4,2	5,000,000	0	0
DOLLAR GEN CORP	COM	256677105	920	11,354	SH		SOLE	1	11,354	0	0
DOLLAR TREE	COM	256746108	631	7,266	SH		SOLE	1	7,266	0	0
DOMINION ENERGY	COM	25746U109	1,425	18,529	SH		SOLE	1	18,529	0	0
DOMINOS PIZZA	COM	25754A201	874	4,400	SH		SOLE	1	4,400	0	0
DOUGLAS EMMETT	COM	25960P109	252,704	6,410,563	SH		OTR	1	6,410,563	0	0
DOUGLAS EMMETT	COM	25960P109	607	15,400	SH		SOLE	1	15,400	0	0
DOVER	COM	260003108	16,028	175,380	SH		SOLE	1	175,380	0	0
DOWDUPONT	COM	26078J100	879	12,700	SH		OTR	1	12,700	0	0
DOWDUPONT	COM	26078J100	9,495	137,155	SH		SOLE	1	137,155	0	0
DR PEPPER SNAPPLE GROUP	COM	26138E109	493	5,569	SH		SOLE	1	5,569	0	0
DTE ENERGY	COM	233331107	568	5,293	SH		SOLE	1	5,293	0	0
DUKE ENERGY CORP	COM NEW	26441C204	2,490	29,670	SH		SOLE	1	29,670	0	0
DUKE REALTY	COM NEW	264411505	180,161	6,251,261	SH		OTR	1	6,251,261	0	0
DUKE REALTY	COM NEW	264411505	2,060	71,469	SH		SOLE	1	71,469	0	0
DXC TECHNOLOGY	COM	23355L106	1,358	15,814	SH		SOLE	1	15,814	0	0
DYCOM INDS	COM	267475101	2,748	32,000	SH		SOLE	1	32,000	0	0
E TRADE FINANCIAL	COM NEW	269246401	408	9,353	SH		SOLE	1	9,353	0	0
EAGLE MATERIALS	COM	26969P108	7,917	74,200	SH		SOLE	1	74,200	0	0
EAST WEST BANCORP	COM	27579R104	254	4,250	SH		SOLE	1	4,250	0	0
EASTERLY GOVT PPTYS	COM	27616P103	76	3,700	SH		SOLE	1	3,700	0	0
EASTGROUP PPTY	COM	277276101	300	3,400	SH		SOLE	1	3,400	0	0
EASTMAN CHEM	COM	277432100	378	4,178	SH		SOLE	1	4,178	0	0
EATON CORP	SHS	G29183103	138	1,800	SH		OTR	1	1,800	0	0
EATON CORP	SHS	G29183103	1,835	23,900	SH		OTR	1	23,900	0	0
EATON CORP	SHS	G29183103	2,993	38,973	SH		SOLE	1	38,973	0	0
EBAY	COM	278642103	2,439	63,412	SH		SOLE	1	63,412	0	0
ECOLAB	COM	278865100	991	7,703	SH		SOLE	1	7,703	0	0
EDISON	COM	281020107	3,706	48,025	SH		OTR	1	48,025	0	0
EDISON	COM	281020107	1,145	14,842	SH		SOLE	1	14,842	0	0
EDUCATION RLTY TR	COM NEW	28140H203	172,375	4,797,521	SH		OTR	1	4,797,521	0	0
EDUCATION RLTY TR	COM NEW	28140H203	256	7,133	SH		SOLE	1	7,133	0	0
EDWARDS LIFESCIENCES	COM	28176E108	1,048	9,583	SH		SOLE	1	9,583	0	0
ELECTRONIC ARTS	COM	285512109	4,165	35,279	SH		OTR	1	35,279	0	0
ELECTRONIC ARTS	COM	285512109	1,135	9,614	SH		SOLE	1	9,614	0	0
EMBRAER S A SP ADR REP	COM	29082A107	222	9,800	SH		SOLE	1	9,800	0	0
EMCOR GROUP	COM	29084Q100	4,170	60,100	SH		SOLE	1	60,100	0	0
EMERSON ELEC	COM	291011104	13,114	208,695	SH		SOLE	1	208,695	0	0
EMPIRE ST RLTY TR	CL A	292104106	150,154	7,310,297	SH		OTR	1	7,310,297	0	0
EMPIRE ST RLTY TR	CL A	292104106	253	12,300	SH		SOLE	1	12,300	0	0
ENEL AMERICAS S A	ADR	29274F104	20	2,000	SH		SOLE	1	2,000	0	0
ENEL GENERACION CHILE S A	ADR	29244T101	33	1,250	SH		SOLE	1	1,250	0	0
ENSTAR GROUP	SHS	G3075P101	5,978	26,885	SH		OTR	1	26,885	0	0
ENTERGY CORP	COM	29364G103	411	5,385	SH		SOLE	1	5,385	0	0
ENVISION HEALTHCARE	COM	29414D100	143	3,192	SH		SOLE	1	3,192	0	0
EOG RES	COM	26875P101	9,650	99,748	SH		OTR	1	99,748	0	0
EOG RES	COM	26875P101	1,685	17,413	SH		SOLE	1	17,413	0	0
EPR PPTYS CONV	PFD 9% SR E	26884U307	1,639	45,070	SH		OTR	1	0	0	0
EQT	COM	26884L109	335	5,128	SH		SOLE	1	5,128	0	0
EQUIFAX	COM	294429105	2,493	23,525	SH		OTR	1	23,525	0	0
EQUIFAX	COM	294429105	564	5,323	SH		SOLE	1	5,323	0	0
EQUITY COMWLTH CUM	PFD S D 6.5%	294628201	2,622	98,448	SH		OTR	1	0	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	186,943	2,197,258	SH		OTR	1	2,197,258	0	0
EQUITY LIFESTYLE PPTYS	COM	29472R108	740	8,700	SH		SOLE	1	8,700	0	0
ESSEX PPTY TR	COM	297178105	356,382	1,402,915	SH		OTR	1	1,402,915	0	0
ESSEX PPTY TR	COM	297178105	2,979	11,727	SH		SOLE	1	11,727	0	0
ETFS PLATINUM TR	SH BEN INT	26922V101	35	400	SH		SOLE	1	400	0	0
EVEREST RE GROUP	COM	G3223R108	504	2,208	SH		SOLE	1	2,208	0	0
EVERSOURCE	COM	30040W108	553	9,152	SH		SOLE	1	9,152	0	0
EXELON	COM	30161N101	1,037	27,526	SH		SOLE	1	27,526	0	0
EXPEDIA INC	COM NEW	30212P303	5,654	39,281	SH		OTR	1	39,281	0	0
EXPEDIA INC	COM NEW	30212P303	910	6,324	SH		SOLE	1	6,324	0	0
EXPEDITORS INTL WASH	COM	302130109	316	5,285	SH		SOLE	1	5,285	0	0
EXPRESS SCRIPTS HLDG	COM	30219G108	1,635	25,816	SH		SOLE	1	25,816	0	0
EXTRA SPACE STORAGE	COM	30225T102	210,819	2,637,874	SH		OTR	1	2,637,874	0	0
EXTRA SPACE STORAGE	COM	30225T102	1,824	22,824	SH		SOLE	1	22,824	0	0
EXXON MOBIL	COM	30231G102	570	6,953	SH		OTR	1	6,953	0	0
EXXON MOBIL	COM	30231G102	14,842	181,042	SH		SOLE	1	181,042	0	0
F M C	COM NEW	302491303	587	6,576	SH		SOLE	1	6,576	0	0
F5 NETWORKS	COM	315616102	216	1,793	SH		SOLE	1	1,793	0	0
FACEBOOK	CL A	30303M102	1,085	6,351	SH		DFND		6,351	0	0
FACEBOOK	CL A	30303M102	14,545	85,126	SH		OTR	1	85,126	0	0
FACEBOOK	CL A	30303M102	20,110	117,694	SH		SOLE	1	117,694	0	0
FARMLAND PARTNERS	COM	31154R109	27	3,000	SH		SOLE	1	3,000	0	0
FASTENAL	COM	311900104	396	8,689	SH		SOLE	1	8,689	0	0
FEDEX	COM	31428X106	1,767	7,832	SH		SOLE	1	7,832	0	0
FIBRIA CELULOSE S A SP ADR	COM	31573A109	1,192	88,000	SH		SOLE	1	88,000	0	0
FIDELITY NATIONAL FINANCIAL FNF	COM	31620R303	257	7,488	SH		SOLE	1	7,488	0	0
FIDELITY NATL INFORMATION	COM	31620M106	6,087	65,178	SH		OTR	1	65,178	0	0
FIDELITY NATL INFORMATION	COM	31620M106	930	9,960	SH		SOLE	1	9,960	0	0
FIFTH THIRD	COM	316773100	621	22,195	SH		SOLE	1	22,195	0	0
FIREEYE	COM	31816Q101	2,536	151,269	SH		DFND		151,269	0	0
FIRST AMERN FINL	COM	31847R102	251	5,026	SH		OTR	1	5,026	0	0
FIRST DATA CORP NEW	CL A	32008D106	183	10,150	SH		SOLE	1	10,150	0	0
FIRST INDUSTRIAL REALTY	COM	32054K103	361	12,000	SH		SOLE	1	12,000	0	0
FIRST POTOMAC RLTY	COM	33610F109	63	5,700	SH		SOLE	1	5,700	0	0
FIRST REP BK SAN FRANCISCO	COM	33616C100	481	4,600	SH		SOLE	1	4,600	0	0
FIRSTENERGY	COM	337932107	403	13,071	SH		SOLE	1	13,071	0	0
FISERV	COM	337738108	1,688	13,090	SH		SOLE	1	13,090	0	0
FLEETCOR TECHNOLOGIES	COM	339041105	5,235	33,827	SH		OTR	1	33,827	0	0
FLEETCOR TECHNOLOGIES	COM	339041105	407	2,630	SH		SOLE	1	2,630	0	0
FLEX	ORD	Y2573F102	277	16,700	SH		SOLE	1	16,700	0	0
FLIR SYS	COM	302445101	153	3,926	SH		SOLE	1	3,926	0	0
FLOWSERVE	COM	34354P105	163	3,825	SH		SOLE	1	3,825	0	0
FLUOR CORP	COM	343412102	591	14,027	SH		SOLE	1	14,027	0	0
FOOT LOCKER	COM	344849104	212	6,025	SH		SOLE	1	6,025	0	0
FOREST CITY RLTY TR INC	CL A	345605109	681	26,700	SH		SOLE	1	26,700	0	0
FORTINET	COM	34959E109	163	4,550	SH		SOLE	1	4,550	0	0
FORTIVE	COM	34959J108	648	9,158	SH		SOLE	1	9,158	0	0
FORTUNE BRANDS HOME & SEC	COM	34964C106	2,353	35,000	SH		OTR	1	35,000	0	0
FORTUNE BRANDS HOME & SEC	COM	34964C106	1,192	17,730	SH		SOLE	1	17,730	0	0
FOUR CORNERS PPTY TR	COM	35086T109	14,430	579,065	SH		OTR	1	579,065	0	0
FOUR CORNERS PPTY TR	COM	35086T109	149	5,975	SH		SOLE	1	5,975	0	0
FRANKLIN RES	COM	354613101	466	10,466	SH		SOLE	1	10,466	0	0
FRANKLIN STREET PPTYS	COM	35471R106	109	10,300	SH		SOLE	1	10,300	0	0
GALLAGHER ARTHUR J &	COM	363576109	325	5,285	SH		SOLE	1	5,285	0	0
GAMING & LEISURE PPTYS	COM	36467J108	170,429	4,619,936	SH		OTR	1	4,619,936	0	0
GAMING & LEISURE PPTYS	COM	36467J108	1,483	40,200	SH		SOLE	1	40,200	0	0
GAP INC	COM	364760108	314	10,643	SH		SOLE	1	10,643	0	0
GARMIN	SHS	H2906T109	285	5,272	SH		SOLE	1	5,272	0	0
GARTNER	COM	366651107	326	2,617	SH		SOLE	1	2,617	0	0
GENERAL DYNAMICS	COM	369550108	4,056	19,729	SH		OTR	1	19,729	0	0
GENERAL DYNAMICS	COM	369550108	2,858	13,902	SH		SOLE	1	13,902	0	0
GENERAL ELECTRIC	COM	369604103	7,678	317,543	SH		OTR	1	317,543	0	0
GENERAL ELECTRIC	COM	369604103	6,369	263,385	SH		SOLE	1	263,385	0	0
GENERAL MLS	COM	370334104	1,687	32,584	SH		SOLE	1	32,584	0	0
GENERAL MTRS	COM	37045V100	881	21,831	SH		DFND		21,831	0	0
GENERAL MTRS	COM	37045V100	18,314	453,533	SH		OTR	1	453,533	0	0
GENERAL MTRS	COM	37045V100	1,929	47,782	SH		SOLE	1	47,782	0	0
GENUINE PARTS	COM	372460105	419	4,379	SH		SOLE	1	4,379	0	0
GEO GROUP INC	COM	36162J106	116,727	4,339,286	SH		OTR	1	4,339,286	0	0
GEO GROUP INC	COM	36162J106	328	12,200	SH		SOLE	1	12,200	0	0
GETTY RLTY CORP	COM	374297109	86	3,004	SH		SOLE	1	3,004	0	0
GGP	COM	36174X101	136,199	6,557,502	SH		OTR	1	6,557,502	0	0
GGP	COM	36174X101	2,409	115,990	SH		SOLE	1	115,990	0	0
GILEAD SCIENCES	COM	375558103	4,062	50,142	SH		DFND		50,142	0	0
GILEAD SCIENCES	COM	375558103	818	10,100	SH		OTR	1	10,100	0	0
GILEAD SCIENCES	COM	375558103	7,907	97,593	SH		SOLE	1	97,593	0	0
GLADSTONE COML	COM	376536108	58	2,600	SH		SOLE	1	2,600	0	0
GLADSTONE LD	COM	376549101	14	1,000	SH		SOLE	1	1,000	0	0
GLOBAL MED REIT	COM NEW	37954A204	17	1,900	SH		SOLE	1	1,900	0	0
GLOBAL NET LEASE	COM NEW	379378201	146	6,666	SH		SOLE	1	6,666	0	0
GLOBAL PMTS	COM	37940X102	5,873	61,797	SH		OTR	1	61,797	0	0
GLOBAL PMTS	COM	37940X102	429	4,515	SH		SOLE	1	4,515	0	0
GOGO	COM	38046C109	5,609	475,000	SH		DFND	3,4,2	475,000	0	0
GOGO INC	NOTE 3.750% 3/0	38046CAB5	5,014	5,450,000	PRN		DFND	3,4,2	5,450,000	0	0
GOLDMAN SACHS GROUP	COM	38141G104	708	2,986	SH		DFND		2,986	0	0
GOLDMAN SACHS GROUP	COM	38141G104	95	400	SH		OTR	1	400	0	0
GOLDMAN SACHS GROUP	COM	38141G104	5,437	22,921	SH		SOLE	1	22,921	0	0
GOODYEAR TIRE & RUBR	COM	382550101	244	7,349	SH		SOLE	1	7,349	0	0
GOPRO	CL A	38268T103	1,045	95,000	SH		DFND	3,4,2	95,000	0	0
GOPRO	PUT	38268T953	1	1,500	SH		DFND	3,4,2	1,500	0	0
GRACE W R & CO DEL	COM	38388F108	155	2,150	SH		SOLE	1	2,150	0	0
GRAINGER W W	COM	384802104	307	1,710	SH		SOLE	1	1,710	0	0
GRAMERCY PPTY	COM NEW	385002308	14,872	491,645	SH		OTR	1	491,645	0	0
GRAMERCY PPTY	COM NEW	385002308	461	15,240	SH		SOLE	1	15,240	0	0
GRANITE CONSTR	COM	387328107	2,683	46,300	SH		SOLE	1	46,300	0	0
GRAPHIC PACKAGING HLDG	COM	388689101	5,949	426,446	SH		OTR	1	426,446	0	0
GREENBRIER COS	COM	393657101	4,256	88,400	SH		SOLE	1	88,400	0	0
GRUPO AEROPORTUARIO CTR NORT	ADR	400501102	22	500	SH		SOLE	1	500	0	0
GRUPO TELEVISA SA SPON ADR	ORD	40049J206	2,368	96,000	SH		OTR	1	96,000	0	0
GUIDEWIRE SOFTWARE	COM	40171V100	3,629	46,603	SH		OTR	1	46,603	0	0
HALLIBURTON	COM	406216101	1,217	26,441	SH		SOLE	1	26,441	0	0
HANESBRANDS	COM	410345102	283	11,470	SH		SOLE	1	11,470	0	0
HARLEY DAVIDSON	COM	412822108	262	5,434	SH		SOLE	1	5,434	0	0
HARMONIC INC	NOTE 4.000%12/0	413160AB8	1,780	2,000,000	PRN		DFND	3,4,2	2,000,000	0	0
HARRIS CORP	COM	413875105	767	5,824	SH		SOLE	1	5,824	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	191	3,440	SH		OTR	1	3,440	0	0
HARTFORD FINL SVCS GROUP	COM	416515104	1,287	23,217	SH		SOLE	1	23,217	0	0
HASBRO	COM	418056107	699	7,154	SH		SOLE	1	7,154	0	0
HAWAIIAN HOLDINGS	COM	419879101	131	3,500	SH		SOLE	1	3,500	0	0
HCA HEALTHCARE	COM	40412C101	12,095	151,963	SH		OTR	1	151,963	0	0
HCA HEALTHCARE	COM	40412C101	1,651	20,750	SH		SOLE	1	20,750	0	0
HCP	COM	40414L109	338,470	12,162,050	SH		OTR	1	12,162,050	0	0
HCP	COM	40414L109	2,254	80,991	SH		SOLE	1	80,991	0	0
HD SUPPLY HLDGS	COM	40416M105	213	5,900	SH		SOLE	1	5,900	0	0
HDFC BANK LTD ADR REPS	SHS	40415F101	39	400	SH		SOLE	1	400	0	0
HEALTHCARE RLTY	COM	421946104	398	12,300	SH		SOLE	1	12,300	0	0
HEALTHWAYS INC	NOTE 1.500% 7/0	422245AB6	8,398	4,000,000	PRN		DFND	3,4,2	4,000,000	0	0
HELMERICH & PAYNE	COM	423452101	168	3,221	SH		SOLE	1	3,221	0	0
HENRY JACK & ASSOC	COM	426281101	231	2,250	SH		SOLE	1	2,250	0	0
HERC HLDGS	COM	42704L104	2,958	60,200	SH		SOLE	1	60,200	0	0
HERSHEY	COM	427866108	467	4,277	SH		SOLE	1	4,277	0	0
HESS	COM	42809H107	1,931	41,180	SH		OTR	1	41,180	0	0
HESS	COM	42809H107	402	8,580	SH		SOLE	1	8,580	0	0
HEWLETT PACKARD ENTERPRISE	COM	42824C109	1,104	75,037	SH		SOLE	1	75,037	0	0
HIGHWOODS PPTYS	COM	431284108	190,359	3,654,417	SH		OTR	1	3,654,417	0	0
HIGHWOODS PPTYS	COM	431284108	1,130	21,700	SH		SOLE	1	21,700	0	0
HILTON WORLDWIDE HLDGS	COM	43300A203	3,796	54,663	SH		OTR	1	54,663	0	0
HILTON WORLDWIDE HLDGS	COM	43300A203	856	12,322	SH		SOLE	1	12,322	0	0
HOLLYFRONTIER	COM	436106108	180	5,000	SH		SOLE	1	5,000	0	0
HOLOGIC	COM	436440101	5,461	148,837	SH		OTR	1	148,837	0	0
HOLOGIC	COM	436440101	308	8,404	SH		SOLE	1	8,404	0	0
HOME DEPOT	COM	437076102	2,126	13,000	SH		OTR	1	13,000	0	0
HOME DEPOT	COM	437076102	11,538	70,543	SH		SOLE	1	70,543	0	0
HONEYWELL INTL	COM	438516106	3,514	24,794	SH		OTR	1	24,794	0	0
HONEYWELL INTL	COM	438516106	5,430	38,313	SH		SOLE	1	38,313	0	0
HORMEL FOODS	COM	440452100	293	9,102	SH		SOLE	1	9,102	0	0
HOST HOTELS & RESORTS	COM	44107P104	282,021	15,252,611	SH		OTR	1	15,252,611	0	0
HOST HOTELS & RESORTS	COM	44107P104	2,551	137,951	SH		SOLE	1	137,951	0	0
HP	COM	40434L105	1,003	50,241	SH		SOLE	1	50,241	0	0
HUDSON PAC PPTYS	COM	444097109	523	15,600	SH		SOLE	1	15,600	0	0
HUMANA	COM	444859102	1,097	4,504	SH		SOLE	1	4,504	0	0
HUNT J B TRANS SVCS	COM	445658107	1,446	13,017	SH		SOLE	1	13,017	0	0
HUNTINGTON BANCSHARES	COM	446150104	107	7,700	SH		OTR	1	7,700	0	0
HUNTINGTON BANCSHARES	COM	446150104	453	32,460	SH		SOLE	1	32,460	0	0
HUNTINGTON INGALLS INDS	COM	446413106	351	1,550	SH		SOLE	1	1,550	0	0
IAC	COM	44919P508	3,033	25,800	SH		DFND	3,4,2	25,800	0	0
ICICI BK	ADR	45104G104	8,995	1,050,800	SH		SOLE	1	1,050,800	0	0
IDEX	COM	45167R104	273	2,250	SH		SOLE	1	2,250	0	0
IDEXX LABS	COM	45168D104	990	6,367	SH		SOLE	1	6,367	0	0
IHS MARKIT	SHS	G47567105	5,607	127,200	SH		OTR	1	127,200	0	0
IHS MARKIT	SHS	G47567105	833	18,908	SH		SOLE	1	18,908	0	0
ILLINOIS TOOL WKS	COM	452308109	2,429	16,415	SH		SOLE	1	16,415	0	0
ILLUMINA	COM	452327109	1,059	5,314	SH		SOLE	1	5,314	0	0
INCYTE	COM	45337C102	2,978	25,512	SH		OTR	1	25,512	0	0
INCYTE	COM	45337C102	609	5,214	SH		SOLE	1	5,214	0	0
INDEPENDENCE RLTY TR	COM	45378A106	70	6,864	SH		SOLE	1	6,864	0	0
INFOSYS LTD	ADR	456788108	810	55,500	SH		SOLE	1	55,500	0	0
INFRAREIT	COM	45685L100	87	3,900	SH		SOLE	1	3,900	0	0
INGERSOLL-RAND	SHS	G47791101	3,625	40,652	SH		SOLE	1	40,652	0	0
INGREDION	COM	457187102	257	2,130	SH		SOLE	1	2,130	0	0
INTEL	COM	458140100	1,461	38,369	SH		DFND		38,369	0	0
INTEL	COM	458140100	145	3,800	SH		OTR	1	3,800	0	0
INTEL	COM	458140100	6,973	183,122	SH		SOLE	1	183,122	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	23	345	SH		DFND	4,2	345	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	8,444	122,911	SH		OTR	1	122,911	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	1,487	21,641	SH		SOLE	1	21,641	0	0
INTERNATIONAL	COM	459506101	502	3,515	SH		SOLE	1	3,515	0	0
INTERNATIONAL BUSINESS	COM	459200101	230	1,592	SH		DFND		1,592	0	0
INTERNATIONAL BUSINESS	COM	459200101	5,835	40,218	SH		SOLE	1	40,218	0	0
INTERPUBLIC GROUP COS	COM	460690100	1,933	93,000	SH		OTR	1	93,000	0	0
INTERPUBLIC GROUP COS	COM	460690100	243	11,676	SH		SOLE	1	11,676	0	0
INTL PAPER	COM	460146103	68	1,200	SH		OTR	1	1,200	0	0
INTL PAPER	COM	460146103	643	11,322	SH		SOLE	1	11,322	0	0
INTUIT	COM	461202103	1,747	12,294	SH		SOLE	1	12,294	0	0
INTUITIVE SURGICAL	COM NEW	46120E602	754	2,164	SH		SOLE	1	2,164	0	0
INVESCO	SHS	G491BT108	598	17,079	SH		SOLE	1	17,079	0	0
INVITATION HOMES	COM	46187W107	172	7,600	SH		SOLE	1	7,600	0	0
IRON MTN INC	COM	46284V101	1,901	48,875	SH		SOLE	1	48,875	0	0
ISTAR	COM	45031U101	81	6,900	SH		SOLE	1	6,900	0	0
ITAU CORPBANCA	ADR	45033E105	10	700	SH		SOLE	1	700	0	0
ITRON	COM	465741106	522	6,740	SH		OTR	1	6,740	0	0
JACOBS ENGR GROUP INC	COM	469814107	2,699	46,323	SH		SOLE	1	46,323	0	0
JAKKS PAC	COM	47012E106	19	637	SH		DFND	3,4,2	637	0	0
JAKKS PAC	COM	47012E106	2,684	894,982	SH		DFND	3,4,2	894,982	0	0
JBG SMITH	COM	46590V100	8,784	256,779	SH		OTR	1	256,779	0	0
JBG SMITH	COM	46590V100	314	9,193	SH		SOLE	1	9,193	0	0
JD COM INC SPON	CL A	47215P106	6,215	162,700	SH		SOLE	1	162,700	0	0
JETBLUE AIRWAYS	COM	477143101	2,751	148,465	SH		OTR	1	148,465	0	0
JETBLUE AIRWAYS	COM	477143101	278	15,000	SH		SOLE	1	15,000	0	0
JOHNSON &	COM	478160104	1,443	11,096	SH		OTR	1	11,096	0	0
JOHNSON &	COM	478160104	20,996	161,498	SH		SOLE	1	161,498	0	0
JOHNSON CTLS INTL	SHS	G51502105	1,128	27,997	SH		SOLE	1	27,997	0	0
JONES LANG LASALLE	COM	48020Q107	161	1,300	SH		SOLE	1	1,300	0	0
JPMORGAN CHASE &	COM	46625H100	334	3,500	SH		OTR	1	3,500	0	0
JPMORGAN CHASE &	COM	46625H100	4,383	45,895	SH		OTR	1	45,895	0	0
JPMORGAN CHASE &	COM	46625H100	12,351	129,312	SH		SOLE	1	129,312	0	0
JUNIPER NETWORKS	COM	48203R104	329	11,824	SH		SOLE	1	11,824	0	0
KANSAS CITY	COM NEW	485170302	4,366	40,171	SH		SOLE	1	40,171	0	0
KBR	COM	48242W106	3,086	172,600	SH		SOLE	1	172,600	0	0
KELLOGG	COM	487836108	505	8,099	SH		SOLE	1	8,099	0	0
KENNAMETAL	COM	489170100	9,294	230,400	SH		SOLE	1	230,400	0	0
KEYCORP	COM	493267108	623	33,112	SH		SOLE	1	33,112	0	0
KEYW HLDG CORP	NOTE 2.500% 7/1	493723AA8	1,864	2,000,000	PRN		DFND	3,4,2	2,000,000	0	0
KILROY RLTY	COM	49427F108	183,485	2,579,934	SH		OTR	1	2,579,934	0	0
KILROY RLTY	COM	49427F108	1,259	17,700	SH		SOLE	1	17,700	0	0
KIMBERLY CLARK	COM	494368103	2,481	21,084	SH		SOLE	1	21,084	0	0
KIMCO RLTY	COM	49446R109	1,566	80,082	SH		SOLE	1	80,082	0	0
KINDER MORGAN INC	COM	49456B101	11,140	580,822	SH		OTR	1	580,822	0	0
KINDER MORGAN INC	COM	49456B101	1,137	59,265	SH		SOLE	1	59,265	0	0
KITE RLTY GROUP	COM NEW	49803T300	160	7,925	SH		SOLE	1	7,925	0	0
KLA-TENCOR	COM	482480100	74	700	SH		OTR	1	700	0	0
KLA-TENCOR	COM	482480100	846	7,980	SH		SOLE	1	7,980	0	0
KNIGHT SWIFT TRANSN HLDGS	CL A	499049104	5,160	124,188	SH		OTR	1	124,188	0	0
KOHLS	COM	500255104	250	5,483	SH		SOLE	1	5,483	0	0
KRAFT HEINZ	COM	500754106	1,402	18,073	SH		SOLE	1	18,073	0	0
KROGER	COM	501044101	555	27,648	SH		SOLE	1	27,648	0	0
L BRANDS	COM	501797104	1,832	44,022	SH		OTR	1	44,022	0	0
L BRANDS	COM	501797104	291	6,997	SH		SOLE	1	6,997	0	0
L3 TECHNOLOGIES	COM	502413107	459	2,437	SH		SOLE	1	2,437	0	0
LABORATORY CORP AMER	COM NEW	50540R409	475	3,148	SH		SOLE	1	3,148	0	0
LAM RESEARCH	COM	512807108	1,910	10,320	SH		SOLE	1	10,320	0	0
LAMAR ADVERTISING CO	CL A	512816109	91,443	1,334,343	SH		OTR	1	1,334,343	0	0
LAMB WESTON HLDGS	COM	513272104	2,473	52,735	SH		OTR	1	52,735	0	0
LAS VEGAS SANDS	COM	517834107	2,027	31,600	SH		SOLE	1	31,600	0	0
LATAM AIRLS GROUP S A	ADR	51817R106	62	4,700	SH		SOLE	1	4,700	0	0
LAUDER ESTEE COS	CL A	518439104	819	7,590	SH		SOLE	1	7,590	0	0
LEAR	COM NEW	521865204	537	3,100	SH		OTR	1	3,100	0	0
LEAR	COM NEW	521865204	770	4,450	SH		SOLE	1	4,450	0	0
LEGGETT & PLATT	COM	524660107	180	3,776	SH		SOLE	1	3,776	0	0
LEIDOS HLDGS	COM	525327102	246	4,150	SH		SOLE	1	4,150	0	0
LENNAR	CL A	526057104	333	6,316	SH		SOLE	1	6,316	0	0
LENNOX INTL	COM	526107107	200	1,120	SH		SOLE	1	1,120	0	0
LEUCADIA NATL	COM	527288104	229	9,063	SH		SOLE	1	9,063	0	0
LEVEL 3 COMMUNICATIONS	COM NEW	52729N308	473	8,876	SH		SOLE	1	8,876	0	0
LEXINGTON REALTY	COM	529043101	223	21,846	SH		SOLE	1	21,846	0	0
LEXINGTON REALTY TRUST	PFD CONV SER C	529043309	1,209	23,612	SH		OTR	1	0	0	0
LIBERTY GLOBAL PLC	CL A	G5480U104	641	18,900	SH		OTR	1	18,900	0	0
LIBERTY GLOBAL PLC	CL A	G5480U104	207	6,103	SH		SOLE	1	6,103	0	0
LIBERTY MEDIA CORP DELAWARE	COM C SIRIUSXM	531229607	234	5,600	SH		SOLE	1	5,600	0	0
LIFE STORAGE	COM	53223X107	376	4,600	SH		SOLE	1	4,600	0	0
LILLY ELI &	COM	532457108	3,661	42,793	SH		SOLE	1	42,793	0	0
LILLY ELI &	CALL	532457908	1,220	775	SH		DFND	3,4,2	775	0	0
LINCOLN NATL CORP	COM	534187109	599	8,156	SH		SOLE	1	8,156	0	0
LIVE NATION ENTERTAINMENT	COM	538034109	1,394	32,000	SH		OTR	1	32,000	0	0
LKQ	COM	501889208	321	8,910	SH		SOLE	1	8,910	0	0
LOCKHEED MARTIN	COM	539830109	2,748	8,855	SH		SOLE	1	8,855	0	0
LOEWS	COM	540424108	400	8,353	SH		SOLE	1	8,353	0	0
LOWES COS	COM	548661107	3,442	43,053	SH		SOLE	1	43,053	0	0
LTC PPTYS	COM	502175102	183	3,900	SH		SOLE	1	3,900	0	0
LULULEMON ATHLETICA	COM	550021109	190	3,050	SH		SOLE	1	3,050	0	0
M & T BK	COM	55261F104	656	4,075	SH		SOLE	1	4,075	0	0
MACERICH	COM	554382101	784	14,268	SH		SOLE	1	14,268	0	0
MACK CALI RLTY	COM	554489104	213	9,000	SH		SOLE	1	9,000	0	0
MACQUARIE INFRASTRUCTURE	COM	55608B105	177	2,450	SH		SOLE	1	2,450	0	0
MACYS	COM	55616P104	200	9,157	SH		SOLE	1	9,157	0	0
MALLINCKRODT PUB LTD	SHS	G5785G107	120	3,200	SH		SOLE	1	3,200	0	0
MANITOWOC	COM	563571108	2,770	307,800	SH		SOLE	1	307,800	0	0
MANPOWERGROUP	COM	56418H100	353	3,000	SH		OTR	1	3,000	0	0
MANPOWERGROUP	COM	56418H100	218	1,850	SH		SOLE	1	1,850	0	0
MARATHON OIL	COM	565849106	343	25,264	SH		SOLE	1	25,264	0	0
MARATHON PETE	COM	56585A102	1,867	33,286	SH		SOLE	1	33,286	0	0
MARKEL	COM	570535104	427	400	SH		SOLE	1	400	0	0
MARRIOTT INTL INC	CL A	571903202	257	2,335	SH		DFND		2,335	0	0
MARRIOTT INTL INC	CL A	571903202	6,539	59,305	SH		OTR	1	59,305	0	0
MARRIOTT INTL INC	CL A	571903202	3,362	30,488	SH		SOLE	1	30,488	0	0
MARRIOTT VACATIONS WRLDWDE	COM	57164Y107	498	4,000	SH		DFND	3,4,2	4,000	0	0
MARRIOTT VACATIONS WRLDWDE	COM	57164Y107	100	800	SH		SOLE	1	800	0	0
MARRIOTT VACATIONS WRLDWDE	C NOTE 1.500% 9/1 ADDED	57164YAA5	4,187	4,000,000	PRN		DFND	3,4,2	4,000,000	0	0
MARSH & MCLENNAN COS	COM	571748102	1,994	23,794	SH		SOLE	1	23,794	0	0
MARTIN MARIETTA MATLS	COM	573284106	11,627	56,380	SH		SOLE	1	56,380	0	0
MARVELL TECHNOLOGY GROUP	ORD	G5876H105	315	17,600	SH		SOLE	1	17,600	0	0
MASCO	COM	574599106	377	9,662	SH		SOLE	1	9,662	0	0
MASTEC	COM	576323109	17,989	387,700	SH		SOLE	1	387,700	0	0
MASTERCARD	CL A	57636Q104	5,793	41,025	SH		OTR	1	41,025	0	0
MASTERCARD	CL A	57636Q104	7,198	50,974	SH		SOLE	1	50,974	0	0
MATERION	COM	576690101	13	300	SH		SOLE	1	300	0	0
MATTEL	COM	577081102	143	9,266	SH		SOLE	1	9,266	0	0
MAXIM INTEGRATED PRODS	COM	57772K101	391	8,200	SH		SOLE	1	8,200	0	0
MCDONALDS	COM	580135101	752	4,800	SH		OTR	1	4,800	0	0
MCDONALDS	COM	580135101	14,995	95,706	SH		SOLE	1	95,706	0	0
MCKESSON	COM	58155Q103	4,741	30,867	SH		OTR	1	30,867	0	0
MCKESSON	COM	58155Q103	995	6,480	SH		SOLE	1	6,480	0	0
MEDEQUITIES RLTY TR	COM	58409L306	36	3,100	SH		SOLE	1	3,100	0	0
MEDICAL PPTYS TRUST	COM	58463J304	474	36,100	SH		SOLE	1	36,100	0	0
MEDNAX	COM	58502B106	129	3,000	SH		SOLE	1	3,000	0	0
MEDTRONIC	SHS	G5960L103	117	1,500	SH		OTR	1	1,500	0	0
MEDTRONIC	SHS	G5960L103	3,156	40,576	SH		SOLE	1	40,576	0	0
MELCO RESORT ENTERTAINMENT	ADR	585464100	427	17,700	SH		SOLE	1	17,700	0	0
MERCADOLIBRE	COM	58733R102	564	2,180	SH		SOLE	1	2,180	0	0
MERCK & CO	COM	58933Y105	5,663	88,447	SH		SOLE	1	88,447	0	0
METLIFE	COM	59156R108	11,351	218,499	SH		OTR	1	218,499	0	0
METLIFE	COM	59156R108	1,436	27,649	SH		SOLE	1	27,649	0	0
METTLER TOLEDO	COM	592688105	911	1,455	SH		SOLE	1	1,455	0	0
MGM RESORTS	COM	552953101	448	13,761	SH		SOLE	1	13,761	0	0
MICHAEL KORS HLDGS	SHS	G60754101	1,354	28,314	SH		DFND		28,314	0	0
MICHAEL KORS HLDGS	SHS	G60754101	243	5,080	SH		SOLE	1	5,080	0	0
MICROCHIP TECHNOLOGY	COM	595017104	1,926	21,450	SH		SOLE	1	21,450	0	0
MICROCHIP TECHNOLOGY INC	NOTE 1.625% 2/1	595017AD6	48,752	27,875,000	PRN		DFND	3,4,2	27,875,000	0	0
MICRON TECHNOLOGY	COM	595112103	1,361	34,595	SH		OTR	1	34,595	0	0
MICRON TECHNOLOGY	COM	595112103	2,409	61,250	SH		SOLE	1	61,250	0	0
MICROSOFT	COM	594918104	3,627	48,704	SH		DFND		48,704	0	0
MICROSOFT	COM	594918104	2,257	30,300	SH		OTR	1	30,300	0	0
MICROSOFT	COM	594918104	28,813	386,804	SH		SOLE	1	386,804	0	0
MID AMER APT CMNTYS	COM	59522J103	82,999	776,559	SH		OTR	1	776,559	0	0
MID AMER APT CMNTYS	COM	59522J103	2,206	20,637	SH		SOLE	1	20,637	0	0
MIDDLEBY	COM	596278101	5,908	46,096	SH		OTR	1	46,096	0	0
MIDDLEBY	COM	596278101	218	1,700	SH		SOLE	1	1,700	0	0
MOBILE TELESYSTEMS PJSC	ADR	607409109	1,535	147,000	SH		OTR	1	147,000	0	0
MOBILE TELESYSTEMS PJSC	ADR	607409109	128	12,250	SH		SOLE	1	12,250	0	0
MOHAWK INDS	COM	608190104	515	2,082	SH		SOLE	1	2,082	0	0
MONDELEZ INTL	CL A	609207105	1,840	45,263	SH		SOLE	1	45,263	0	0
MONMOUTH REAL ESTATE INVT	CL A	609720107	120	7,400	SH		SOLE	1	7,400	0	0
MONSANTO CO	COM	61166W101	1,579	13,174	SH		SOLE	1	13,174	0	0
MONSTER BEVERAGE CORP	COM	61174X109	1,166	21,108	SH		SOLE	1	21,108	0	0
MOODYS	COM	615369105	3,952	28,389	SH		OTR	1	28,389	0	0
MOODYS	COM	615369105	712	5,114	SH		SOLE	1	5,114	0	0
MORGAN	COM NEW	617446448	197	4,100	SH		OTR	1	4,100	0	0
MORGAN	COM NEW	617446448	742	15,400	SH		OTR	1	15,400	0	0
MORGAN	COM NEW	617446448	2,035	42,255	SH		SOLE	1	42,255	0	0
MOSAIC CO	COM	61945C103	197	9,118	SH		SOLE	1	9,118	0	0
MOTOROLA SOLUTIONS	COM NEW	620076307	9,530	112,288	SH		OTR	1	112,288	0	0
MOTOROLA SOLUTIONS	COM NEW	620076307	912	10,745	SH		SOLE	1	10,745	0	0
MSCI	COM	55354G100	526	4,500	SH		SOLE	1	4,500	0	0
MURPHY OIL	COM	626717102	129	4,860	SH		SOLE	1	4,860	0	0
NASDAQ	COM	631103108	277	3,572	SH		SOLE	1	3,572	0	0
NATIONAL HEALTH INVS	COM	63633D104	309	4,000	SH		SOLE	1	4,000	0	0
NATIONAL OILWELL VARCO	COM	637071101	1,608	45,000	SH		OTR	1	45,000	0	0
NATIONAL OILWELL VARCO	COM	637071101	400	11,209	SH		SOLE	1	11,209	0	0
NATIONAL RETAIL PPTYS	COM	637417106	142,467	3,419,764	SH		OTR	1	3,419,764	0	0
NATIONAL RETAIL PPTYS	COM	637417106	785	18,850	SH		SOLE	1	18,850	0	0
NAVIENT	COM	63938C108	107	7,155	SH		SOLE	1	7,155	0	0
NETAPP	COM	64110D104	778	17,772	SH		SOLE	1	17,772	0	0
NETEASE INC	ADR	64110W102	2,156	8,172	SH		OTR	1	8,172	0	0
NETEASE INC	ADR	64110W102	2,876	10,900	SH		SOLE	1	10,900	0	0
NETFLIX	COM	64110L106	4,612	25,430	SH		OTR	1	25,430	0	0
NETFLIX	COM	64110L106	2,322	12,804	SH		SOLE	1	12,804	0	0
NEW ORIENTAL ED & TECH GRP I	ADR	647581107	3,284	37,212	SH		OTR	1	37,212	0	0
NEW ORIENTAL ED & TECH GRP I	ADR	647581107	3,133	35,500	SH		SOLE	1	35,500	0	0
NEW SR INVT GROUP	COM	648691103	75	8,200	SH		SOLE	1	8,200	0	0
NEW YORK CMNTY BANCORP	COM	649445103	173	13,400	SH		SOLE	1	13,400	0	0
NEWELL BRANDS	COM	651229106	738	17,295	SH		SOLE	1	17,295	0	0
NEWFIELD EXPL	COM	651290108	170	5,739	SH		SOLE	1	5,739	0	0
NEWMONT MINING	COM	651639106	576	15,350	SH		SOLE	1	15,350	0	0
NEWS CORP	CL A	65249B109	150	11,311	SH		SOLE	1	11,311	0	0
NEXPOINT RESIDENTIAL TR	COM	65341D102	40	1,700	SH		SOLE	1	1,700	0	0
NEXTERA ENERGY	COM	65339F101	191	1,300	SH		OTR	1	1,300	0	0
NEXTERA ENERGY	COM	65339F101	4,237	28,911	SH		SOLE	1	28,911	0	0
NISOURCE	COM	65473P105	291	11,363	SH		SOLE	1	11,363	0	0
NOBLE ENERGY	COM	655044105	122	4,300	SH		OTR	1	4,300	0	0
NOBLE ENERGY	COM	655044105	416	14,667	SH		SOLE	1	14,667	0	0
NORDSTROM	COM	655664100	435	9,222	SH		SOLE	1	9,222	0	0
NORFOLK SOUTHERN	COM	655844108	5,430	41,061	SH		SOLE	1	41,061	0	0
NORTHERN TR	COM	665859104	5,026	54,672	SH		OTR	1	54,672	0	0
NORTHERN TR	COM	665859104	607	6,598	SH		SOLE	1	6,598	0	0
NORTHROP GRUMMAN	COM	666807102	205	711	SH		OTR	1	711	0	0
NORTHROP GRUMMAN	COM	666807102	1,767	6,143	SH		SOLE	1	6,143	0	0
NORTHSTAR REALTY EUROPE	COM	66706L101	72	5,582	SH		SOLE	1	5,582	0	0
NORWEGIAN CRUISE LINE	SHS	G66721104	692	12,800	SH		SOLE	1	12,800	0	0
NOVAVAX INC	NOTE 3.750% 2/0	670002AB0	240	500,000	PRN		DFND	3,4,2	500,000	0	0
NRG ENERGY	COM NEW	629377508	2	61	SH		SOLE	1	61	0	0
NUANCE COMMUNICATIONS	COM	67020Y100	132	8,400	SH		SOLE	1	8,400	0	0
NUCOR	COM	670346105	11,189	199,669	SH		SOLE	1	199,669	0	0
NUTANIX	CL A	67059N108	4,478	200,000	SH		DFND	4,2	200,000	0	0
NUTANIX	PUT	67059N958	1,550	2,000	SH		DFND	4,2	2,000	0	0
NVIDIA	COM	67066G104	1,679	9,397	SH		DFND		9,397	0	0
NVIDIA	COM	67066G104	7,043	39,399	SH		DFND	3,4,2	39,399	0	0
NVIDIA	COM	67066G104	2,846	15,920	SH		OTR	1	15,920	0	0
NVIDIA	COM	67066G104	5,321	29,763	SH		SOLE	1	29,763	0	0
NVR	COM	62944T105	542	190	SH		SOLE	1	190	0	0
NXP SEMICONDUCTORS N	COM	N6596X109	1,159	10,250	SH		SOLE	1	10,250	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	583	2,708	SH		SOLE	1	2,708	0	0
OCCIDENTAL PETE CORP	COM	674599105	167	2,600	SH		OTR	1	2,600	0	0
OCCIDENTAL PETE CORP	COM	674599105	1,460	22,736	SH		SOLE	1	22,736	0	0
OGE ENERGY	COM	670837103	213	5,900	SH		SOLE	1	5,900	0	0
OLD DOMINION FGHT LINES	COM	679580100	4,318	39,216	SH		OTR	1	39,216	0	0
OLD DOMINION FGHT LINES	COM	679580100	18,587	168,800	SH		SOLE	1	168,800	0	0
OMEGA HEALTHCARE INVS	COM	681936100	623	19,520	SH		SOLE	1	19,520	0	0
OMNICOM GROUP	COM	681919106	496	6,700	SH		OTR	1	6,700	0	0
OMNICOM GROUP	COM	681919106	516	6,964	SH		SOLE	1	6,964	0	0
ONE LIBERTY PPTYS	COM	682406103	39	1,600	SH		SOLE	1	1,600	0	0
ONEOK INC	COM	682680103	620	11,193	SH		SOLE	1	11,193	0	0
ORACLE	COM	68389X105	9,208	190,438	SH		OTR	1	190,438	0	0
ORACLE	COM	68389X105	4,450	92,043	SH		SOLE	1	92,043	0	0
OREXIGEN THERAPEUTICS	PUT	686164952	11	100	SH		DFND	3,4,2	100	0	0
OREXIGEN THERAPEUTICS	PUT	686164952	4	122	SH		DFND	3,4,2	122	0	0
OREXIGEN THERAPEUTICS INC	NOTE 2.750%12/0	686164AC8	1,554	3,878,000	PRN		DFND	3,4,2	3,878,000	0	0
OSHKOSH	COM	688239201	15,790	191,300	SH		SOLE	1	191,300	0	0
OUTFRONT MEDIA	COM	69007J106	56,376	2,238,901	SH		OTR	1	2,238,901	0	0
OWENS CORNING	COM	690742101	8,230	106,400	SH		SOLE	1	106,400	0	0
P T TELEKOMUNIKASI INDONESIA	ADR	715684106	21	600	SH		SOLE	1	600	0	0
PACCAR	COM	693718108	19,867	274,638	SH		SOLE	1	274,638	0	0
PACKAGING CORP	COM	695156109	7,844	68,396	SH		OTR	1	68,396	0	0
PACKAGING CORP	COM	695156109	1,120	9,768	SH		SOLE	1	9,768	0	0
PALO ALTO NETWORKS	COM	697435105	389	2,700	SH		SOLE	1	2,700	0	0
PARAMOUNT GROUP	COM	69924R108	5	323	SH		OTR	1	323	0	0
PARAMOUNT GROUP	COM	69924R108	322	20,100	SH		SOLE	1	20,100	0	0
PARK HOTELS RESORTS	COM	700517105	394	14,300	SH		SOLE	1	14,300	0	0
PARKER HANNIFIN	COM	701094104	1,152	6,580	SH		SOLE	1	6,580	0	0
PARKWAY	COM	70156Q107	96	4,168	SH		SOLE	1	4,168	0	0
PARSLEY ENERGY	CL A	701877102	174	6,600	SH		SOLE	1	6,600	0	0
PATTERSON COMPANIES	COM	703395103	86	2,216	SH		SOLE	1	2,216	0	0
PAYCHEX	COM	704326107	590	9,847	SH		SOLE	1	9,847	0	0
PAYPAL HLDGS	COM	70450Y103	2,280	35,601	SH		SOLE	1	35,601	0	0
PEBBLEBROOK HOTEL	COM	70509V100	136,153	3,767,384	SH		OTR	1	3,767,384	0	0
PEBBLEBROOK HOTEL	COM	70509V100	253	7,000	SH		SOLE	1	7,000	0	0
PENTAIR	SHS	G7S00T104	344	5,062	SH		SOLE	1	5,062	0	0
PEOPLES UNITED FINANCIAL	COM	712704105	181	9,967	SH		SOLE	1	9,967	0	0
PEPSICO	COM	713448108	903	8,100	SH		OTR	1	8,100	0	0
PEPSICO	COM	713448108	6,920	62,104	SH		SOLE	1	62,104	0	0
PERKINELMER	COM	714046109	1	21	SH		SOLE	1	21	0	0
PERRIGO CO	SHS	G97822103	348	4,107	SH		SOLE	1	4,107	0	0
PETROLEO BRASILEIRO SA PETRO	ADR	71654V408	5,324	530,300	SH		SOLE	1	530,300	0	0
PFIZER	COM	717081103	1,553	43,500	SH		OTR	1	43,500	0	0
PFIZER	COM	717081103	9,337	261,537	SH		SOLE	1	261,537	0	0
PG&E	COM	69331C108	1,056	15,502	SH		SOLE	1	15,502	0	0
PGT INNOVATIONS	COM	69336V101	1,944	130,000	SH		SOLE	1	130,000	0	0
PHILIP MORRIS INTL	COM	718172109	7,479	67,373	SH		SOLE	1	67,373	0	0
PHILLIPS	COM	718546104	1,219	13,304	SH		SOLE	1	13,304	0	0
PHYSICIANS RLTY	COM	71943U104	35,211	1,985,950	SH		OTR	1	1,985,950	0	0
PHYSICIANS RLTY	COM	71943U104	317	17,900	SH		SOLE	1	17,900	0	0
PIEDMONT OFFICE REALTY TR IN	CL A	720190206	290	14,400	SH		SOLE	1	14,400	0	0
PINNACLE WEST CAP	COM	723484101	469	5,541	SH		SOLE	1	5,541	0	0
PIONEER NAT RES	COM	723787107	755	5,118	SH		SOLE	1	5,118	0	0
PNC FINL SVCS GROUP	COM	693475105	168	1,250	SH		OTR	1	1,250	0	0
PNC FINL SVCS GROUP	COM	693475105	2,011	14,924	SH		SOLE	1	14,924	0	0
POLARIS INDS	COM	731068102	188	1,800	SH		SOLE	1	1,800	0	0
POOL	COM	73278L105	173	1,600	SH		SOLE	1	1,600	0	0
POST HLDGS	COM	737446104	6,227	70,540	SH		OTR	1	70,540	0	0
POWERSHARES QQQ	PUT	73935A954	9	300	SH		DFND	4,2	300	0	0
PPG INDS	COM	693506107	7,077	65,126	SH		OTR	1	65,126	0	0
PPG INDS	COM	693506107	844	7,768	SH		SOLE	1	7,768	0	0
PPL	COM	69351T106	764	20,132	SH		SOLE	1	20,132	0	0
PRAXAIR	COM	74005P104	1,203	8,606	SH		SOLE	1	8,606	0	0
PREFERRED APT CMNTYS	COM	74039L103	62	3,300	SH		SOLE	1	3,300	0	0
PRICE T ROWE GROUP	COM	74144T108	658	7,258	SH		SOLE	1	7,258	0	0
PRICELINE GRP	COM NEW	741503403	5,859	3,200	SH		OTR	1	3,200	0	0
PRICELINE GRP	COM NEW	741503403	7,475	4,083	SH		SOLE	1	4,083	0	0
PRICELINE GRP	PUT	741503953	2	100	SH		DFND	3,4,2	100	0	0
PRICELINE GRP INC	NOTE 1.000% 3/1	741503AQ9	70,729	36,500,000	PRN		DFND	3,4,2	36,500,000	0	0
PRICELINE GRP INC	NOTE 0.350% 6/1	741503AS5	25,149	17,500,000	PRN		DFND	3,4,2	17,500,000	0	0
PRIMORIS SVCS	COM	74164F103	2,239	76,100	SH		SOLE	1	76,100	0	0
PRINCIPAL FINL GROUP	COM	74251V102	922	14,328	SH		SOLE	1	14,328	0	0
PROCTER AND GAMBLE	COM	742718109	932	10,241	SH		OTR	1	10,241	0	0
PROCTER AND GAMBLE	COM	742718109	13,225	145,366	SH		SOLE	1	145,366	0	0
PROGRESSIVE CORP	COM	743315103	1,490	30,771	SH		SOLE	1	30,771	0	0
PROLOGIS	COM	74340W103	325,695	5,132,286	SH		OTR	1	5,132,286	0	0
PROLOGIS	COM	74340W103	5,793	91,279	SH		SOLE	1	91,279	0	0
PROTO LABS	COM	743713109	915	11,400	SH		SOLE	1	11,400	0	0
PRUDENTIAL FINL	COM	744320102	1,379	12,968	SH		SOLE	1	12,968	0	0
PS BUSINESS PKS INC	COM	69360J107	267	2,000	SH		SOLE	1	2,000	0	0
PUBLIC	COM	74460D109	90,658	423,653	SH		OTR	1	423,653	0	0
PUBLIC	COM	74460D109	6,176	28,863	SH		OTR	1	28,863	0	0
PUBLIC	COM	74460D109	5,394	25,208	SH		SOLE	1	25,208	0	0
PUBLIC SVC ENTERPRISE	COM	744573106	716	15,476	SH		SOLE	1	15,476	0	0
PULTE GROUP	COM	745867101	750	27,455	SH		SOLE	1	27,455	0	0
PVH	COM	693656100	313	2,486	SH		SOLE	1	2,486	0	0
QORVO	COM	74736K101	256	3,625	SH		SOLE	1	3,625	0	0
QTS RLTY TR INC	CL A	74736A103	246	4,700	SH		SOLE	1	4,700	0	0
QUALCOMM	COM	747525103	252	4,870	SH		DFND		4,870	0	0
QUALCOMM	COM	747525103	4,998	96,412	SH		OTR	1	96,412	0	0
QUALCOMM	COM	747525103	3,317	63,981	SH		SOLE	1	63,981	0	0
QUALITY CARE PPTYS	COM	747545101	138	8,920	SH		SOLE	1	8,920	0	0
QUANTA SVCS	COM	74762E102	17,621	471,529	SH		SOLE	1	471,529	0	0
QUEST DIAGNOSTICS	COM	74834L100	681	7,276	SH		SOLE	1	7,276	0	0
QUINTILES IMS HOLDINGS	COM	74876Y101	3,159	33,225	SH		OTR	1	33,225	0	0
QUINTILES IMS HOLDINGS	COM	74876Y101	401	4,213	SH		SOLE	1	4,213	0	0
RADIUS HEALTH	COM NEW	750469207	385	10,000	SH		DFND	3,4,2	10,000	0	0
RALPH LAUREN	CL A	751212101	151	1,711	SH		SOLE	1	1,711	0	0
RANGE RES	COM	75281A109	132	6,736	SH		SOLE	1	6,736	0	0
RAYMOND JAMES FINANCIAL	COM	754730109	310	3,675	SH		SOLE	1	3,675	0	0
RAYTHEON	COM NEW	755111507	1,997	10,704	SH		SOLE	1	10,704	0	0
REALTY INCOME	COM	756109104	2,833	49,530	SH		SOLE	1	49,530	0	0
RED HAT	COM	756577102	618	5,576	SH		SOLE	1	5,576	0	0
RED HAT INC	NOTE 0.250%10/0	756577AD4	15,405	10,000,000	PRN		DFND	3,4,2	10,000,000	0	0
RED ROBIN GOURMET BURGERS	COM	75689M101	147	2,200	SH		SOLE	1	2,200	0	0
REGENCY CTRS	COM	758849103	292,604	4,716,381	SH		OTR	1	4,716,381	0	0
REGENCY CTRS	COM	758849103	1,794	28,913	SH		SOLE	1	28,913	0	0
REGENERON	COM	75886F107	1,255	2,807	SH		DFND		2,807	0	0
REGENERON	COM	75886F107	4,559	10,197	SH		OTR	1	10,197	0	0
REGENERON	COM	75886F107	1,054	2,358	SH		SOLE	1	2,358	0	0
REGIONS FINL CORP	COM	7591EP100	527	34,617	SH		SOLE	1	34,617	0	0
REINSURANCE GROUP AMER	COM NEW	759351604	272	1,950	SH		SOLE	1	1,950	0	0
RELIANCE STEEL & ALUMINUM	COM	759509102	2,300	30,200	SH		SOLE	1	30,200	0	0
RENAISSANCERE HOLDINGS	COM	G7496G103	257	1,900	SH		SOLE	1	1,900	0	0
REPUBLIC SVCS	COM	760759100	891	13,494	SH		SOLE	1	13,494	0	0
RESMED	COM	761152107	325	4,227	SH		SOLE	1	4,227	0	0
RESTAURANT BRANDS INTL	COM	76131D103	639	10,000	SH		SOLE	1	10,000	0	0
RETAIL OPPORTUNITY INVTS	COM	76131N101	203	10,700	SH		SOLE	1	10,700	0	0
RETAIL PPTYS AMER	CL A	76131V202	301	22,900	SH		SOLE	1	22,900	0	0
REXFORD INDL RLTY	COM	76169C100	200	7,000	SH		SOLE	1	7,000	0	0
RLJ LODGING	COM	74965L101	12,505	568,409	SH		OTR	1	568,409	0	0
RLJ LODGING	COM	74965L101	382	17,360	SH		SOLE	1	17,360	0	0
ROBERT HALF INTL	COM	770323103	182	3,625	SH		SOLE	1	3,625	0	0
ROCKWELL AUTOMATION	COM	773903109	12,628	70,858	SH		SOLE	1	70,858	0	0
ROCKWELL COLLINS	COM	774341101	644	4,928	SH		SOLE	1	4,928	0	0
ROLLINS	COM	775711104	134	2,900	SH		SOLE	1	2,900	0	0
ROPER TECHNOLOGIES	COM	776696106	717	2,945	SH		SOLE	1	2,945	0	0
ROSS STORES	COM	778296103	177	2,746	SH		OTR	1	2,746	0	0
ROSS STORES	COM	778296103	1,140	17,662	SH		SOLE	1	17,662	0	0
ROYAL CARIBBEAN CRUISES	COM	V7780T103	1,187	10,017	SH		SOLE	1	10,017	0	0
RYLAND GROUP INC	NOTE 1.625% 5/1	783764AQ6	25,896	21,500,000	PRN		DFND	3,4,2	21,500,000	0	0
RYMAN HOSPITALITY PPTYS	COM	78377T107	325	5,200	SH		SOLE	1	5,200	0	0
S&P GLOBAL	COM	78409V104	1,256	8,034	SH		SOLE	1	8,034	0	0
SABRA HEALTH CARE REIT	COM	78573L106	351	15,976	SH		SOLE	1	15,976	0	0
SABRE	COM	78573M104	112	6,200	SH		SOLE	1	6,200	0	0
SALESFORCE COM	COM	79466L302	3,313	35,471	SH		DFND		35,471	0	0
SALESFORCE COM	COM	79466L302	7,192	76,991	SH		OTR	1	76,991	0	0
SALESFORCE COM	COM	79466L302	1,929	20,648	SH		SOLE	1	20,648	0	0
SALESFORCE COM INC	NOTE 0.250% 4/0	79466LAD6	42,179	30,000,000	PRN		DFND	3,4,2	30,000,000	0	0
SAUL CTRS	COM	804395101	68	1,100	SH		SOLE	1	1,100	0	0
SBA COMMUNICATIONS CORP	CL A	78410G104	778	5,398	SH		SOLE	1	5,398	0	0
SCANA CORP	COM	80589M102	186	3,828	SH		SOLE	1	3,828	0	0
SCHEIN HENRY	COM	806407102	392	4,781	SH		SOLE	1	4,781	0	0
SCHLUMBERGER	COM	806857108	140	2,000	SH		OTR	1	2,000	0	0
SCHLUMBERGER	COM	806857108	2,899	41,552	SH		SOLE	1	41,552	0	0
SCHWAB CHARLES CORP	COM	808513105	1,581	36,142	SH		SOLE	1	36,142	0	0
SCRIPPS NETWORKS INTERACT IN CL	COM	811065101	216	2,519	SH		SOLE	1	2,519	0	0
SEAGATE TECHNOLOGY	SHS	G7945M107	496	14,957	SH		SOLE	1	14,957	0	0
SEALED AIR CORP	COM	81211K100	252	5,888	SH		SOLE	1	5,888	0	0
SEATTLE GENETICS	COM	812578102	144	2,650	SH		SOLE	1	2,650	0	0
SEI INVESTMENTS	COM	784117103	256	4,200	SH		SOLE	1	4,200	0	0
SEMPRA	COM	816851109	788	6,905	SH		SOLE	1	6,905	0	0
SENSATA TECHNOLOGIES HLDG	SHS	N7902X106	238	4,950	SH		SOLE	1	4,950	0	0
SERITAGE GROWTH	CL A	81752R100	106	2,300	SH		SOLE	1	2,300	0	0
SERVICE CORP	COM	817565104	5,459	158,220	SH		OTR	1	158,220	0	0
SERVICENOW	COM	81762P102	6,538	55,628	SH		OTR	1	55,628	0	0
SERVICENOW	COM	81762P102	676	5,750	SH		SOLE	1	5,750	0	0
SERVICENOW INC	NOTE 11/0	81762PAB8	34,614	21,550,000	PRN		DFND	3,4,2	21,550,000	0	0
SHERWIN WILLIAMS	COM	824348106	1,469	4,103	SH		SOLE	1	4,103	0	0
SIGNATURE BK NEW YORK N	COM	82669G104	211	1,650	SH		SOLE	1	1,650	0	0
SIGNET JEWELERS	SHS	G81276100	114	1,713	SH		SOLE	1	1,713	0	0
SILICON MOTION TECHNOLOGY CO	ADR	82706C108	101	2,100	SH		SOLE	1	2,100	0	0
SIMON PPTY GROUP INC	COM	828806109	765,508	4,754,413	SH		OTR	1	4,754,413	0	0
SIMON PPTY GROUP INC	COM	828806109	8,404	52,196	SH		SOLE	1	52,196	0	0
SIRIUS XM HLDGS	COM	82968B103	1,027	186,100	SH		SOLE	1	186,100	0	0
SIX FLAGS ENTMT CORP	COM	83001A102	250	4,100	SH		SOLE	1	4,100	0	0
SKYWORKS SOLUTIONS	COM	83088M102	981	9,626	SH		SOLE	1	9,626	0	0
SL GREEN RLTY	COM	78440X101	292,339	2,885,301	SH		OTR	1	2,885,301	0	0
SL GREEN RLTY	COM	78440X101	1,881	18,561	SH		SOLE	1	18,561	0	0
SMITH A	COM	831865209	251	4,228	SH		SOLE	1	4,228	0	0
SMUCKER J M	COM NEW	832696405	386	3,679	SH		SOLE	1	3,679	0	0
SNAP ON	COM	833034101	179	1,200	SH		OTR	1	1,200	0	0
SNAP ON	COM	833034101	244	1,639	SH		SOLE	1	1,639	0	0
SOTHEBYS	COM	835898107	148	3,200	SH		SOLE	1	3,200	0	0
SOUTHERN	COM	842587107	2,910	59,216	SH		SOLE	1	59,216	0	0
SOUTHWEST AIRLS	COM	844741108	2,116	37,808	SH		SOLE	1	37,808	0	0
SPDR GOLD TRUST	SHS	78463V107	900	7,400	SH		SOLE	1	7,400	0	0
SPDR S&P 500 ETF	PUT	78462F953	114	400	SH		DFND	3,4,2	400	0	0
SPECTRUM BRANDS HLDGS	COM	84763R101	85	800	SH		SOLE	1	800	0	0
SPIRIT AIRLS	COM	848577102	1,607	48,100	SH		OTR	1	48,100	0	0
SPIRIT RLTY CAP INC	COM	84860W102	389	45,400	SH		SOLE	1	45,400	0	0
SPLUNK	COM	848637104	2,442	36,775	SH		DFND		36,775	0	0
SPLUNK	COM	848637104	4,541	68,358	SH		OTR	1	68,358	0	0
SPLUNK	COM	848637104	286	4,300	SH		SOLE	1	4,300	0	0
SS&C TECHNOLOGIES HLDGS	COM	78467J100	205	5,100	SH		SOLE	1	5,100	0	0
STAG INDL	COM	85254J102	255	9,300	SH		SOLE	1	9,300	0	0
STANLEY BLACK & DECKER	COM	854502101	4,309	28,545	SH		SOLE	1	28,545	0	0
STARBUCKS	COM	855244109	252	4,700	SH		OTR	1	4,700	0	0
STARBUCKS	COM	855244109	3,103	57,776	SH		SOLE	1	57,776	0	0
STARWOOD WAYPOINT	COM	85572F105	126,672	3,482,860	SH		OTR	1	3,482,860	0	0
STARWOOD WAYPOINT	COM	85572F105	466	12,800	SH		SOLE	1	12,800	0	0
STATE STR	COM	857477103	1,231	12,887	SH		SOLE	1	12,887	0	0
STEEL DYNAMICS	COM	858119100	241	7,000	SH		SOLE	1	7,000	0	0
STERICYCLE	COM	858912108	177	2,466	SH		SOLE	1	2,466	0	0
STORE CAP	COM	862121100	408	16,400	SH		SOLE	1	16,400	0	0
STRYKER	COM	863667101	2,452	17,266	SH		SOLE	1	17,266	0	0
SUCAMPO PHARMACEUTICALS INC	DBCV 3.250%12/1	864909AA4	2,067	2,000,000	PRN		DFND	3,4,2	2,000,000	0	0
SUMMIT HOTEL	COM	866082100	157	9,800	SH		SOLE	1	9,800	0	0
SUMMIT MATLS	CL A	86614U100	202	6,300	SH		SOLE	1	6,300	0	0
SUN CMNTYS	COM	866674104	310,611	3,625,245	SH		OTR	1	3,625,245	0	0
SUN CMNTYS	COM	866674104	677	7,900	SH		SOLE	1	7,900	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	206,811	12,869,364	SH		OTR	1	12,869,364	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	6,430	400,132	SH		OTR	1	400,132	0	0
SUNSTONE HOTEL INVS INC	COM	867892101	362	22,538	SH		SOLE	1	22,538	0	0
SUNTRUST BKS	COM	867914103	879	14,714	SH		SOLE	1	14,714	0	0
SVB FINL	COM	78486Q101	281	1,500	SH		SOLE	1	1,500	0	0
SYMANTEC	COM	871503108	1,784	54,383	SH		SOLE	1	54,383	0	0
SYNCHRONY	COM	87165B103	751	24,190	SH		SOLE	1	24,190	0	0
SYNOPSYS	COM	871607107	651	8,085	SH		SOLE	1	8,085	0	0
SYSCO	COM	871829107	814	15,085	SH		SOLE	1	15,085	0	0
T MOBILE US	COM	872590104	919	14,900	SH		SOLE	1	14,900	0	0
TAIWAN SEMICONDUCTOR MFG LTD	ADR	874039100	101	2,700	SH		SOLE	1	2,700	0	0
TANGER FACTORY OUTLET CTRS	COM	875465106	234	9,600	SH		SOLE	1	9,600	0	0
TARGA RES	COM	87612G101	291	6,150	SH		SOLE	1	6,150	0	0
TARGET	COM	87612E106	1,774	30,057	SH		SOLE	1	30,057	0	0
TARO PHARMACEUTICAL INDS	SHS	M8737E108	34	300	SH		SOLE	1	300	0	0
TAUBMAN CTRS	COM	876664103	293	5,900	SH		SOLE	1	5,900	0	0
TD AMERITRADE HLDG	COM	87236Y108	376	7,708	SH		SOLE	1	7,708	0	0
TE CONNECTIVITY LTD	SHS	H84989104	216	2,600	SH		OTR	1	2,600	0	0
TE CONNECTIVITY LTD	SHS	H84989104	4,132	49,745	SH		OTR	1	49,745	0	0
TE CONNECTIVITY LTD	SHS	H84989104	1,435	17,272	SH		SOLE	1	17,272	0	0
TECHNIPFMC	COM	G87110105	363	12,990	SH		SOLE	1	12,990	0	0
TELEFLEX	COM	879369106	109	450	SH		OTR	1	450	0	0
TELEFLEX	COM	879369106	557	2,300	SH		SOLE	1	2,300	0	0
TELEFONICA BRASIL SA	ADR	87936R106	1,735	109,560	SH		SOLE	1	109,560	0	0
TENET HEALTHCARE	COM NEW	88033G407	1,125	68,500	SH		OTR	1	68,500	0	0
TERADYNE	COM	880770102	3,167	84,930	SH		OTR	1	84,930	0	0
TEREX CORP	COM	880779103	8,464	188,000	SH		SOLE	1	188,000	0	0
TERRENO RLTY	COM	88146M101	188	5,200	SH		SOLE	1	5,200	0	0
TESARO	COM	881569107	2,725	21,109	SH		OTR	1	21,109	0	0
TESARO	COM	881569107	142	1,100	SH		SOLE	1	1,100	0	0
TESLA	COM	88160R101	5,257	15,414	SH		DFND		15,414	0	0
TESLA	COM	88160R101	1,323	3,880	SH		SOLE	1	3,880	0	0
TESLA INC	NOTE 2.375% 3/1	88160RAD3	9,216	7,500,000	PRN		DFND	3,4,2	7,500,000	0	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	466	26,500	SH		SOLE	1	26,500	0	0
TEXAS INSTRS	COM	882508104	4,576	51,047	SH		SOLE	1	51,047	0	0
TEXTRON	COM	883203101	435	8,071	SH		SOLE	1	8,071	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	7,220	38,160	SH		OTR	1	38,160	0	0
THERMO FISHER SCIENTIFIC	COM	883556102	2,171	11,473	SH		SOLE	1	11,473	0	0
TIER REIT	COM NEW	88650V208	91	4,700	SH		SOLE	1	4,700	0	0
TIFFANY & CO	COM	886547108	566	6,171	SH		SOLE	1	6,171	0	0
TIM PARTICIPACOES S A	ADR	88706P205	2,530	138,400	SH		SOLE	1	138,400	0	0
TIME WARNER	COM NEW	887317303	758	7,400	SH		OTR	1	7,400	0	0
TIME WARNER	COM NEW	887317303	4,075	39,777	SH		SOLE	1	39,777	0	0
TJX COS INC	COM	872540109	2,255	30,588	SH		SOLE	1	30,588	0	0
TOLL BROTHERS	COM	889478103	207	5,000	SH		SOLE	1	5,000	0	0
TORCHMARK	COM	891027104	6,786	84,731	SH		OTR	1	84,731	0	0
TORCHMARK	COM	891027104	268	3,346	SH		SOLE	1	3,346	0	0
TOTAL SYS SVCS	COM	891906109	323	4,933	SH		SOLE	1	4,933	0	0
TRACTOR SUPPLY	COM	892356106	264	4,175	SH		SOLE	1	4,175	0	0
TRANSDIGM GROUP	COM	893641100	402	1,571	SH		SOLE	1	1,571	0	0
TRAVELERS COMPANIES	COM	89417E109	3,984	32,514	SH		SOLE	1	32,514	0	0
TRIMBLE	COM	896239100	498	12,700	SH		SOLE	1	12,700	0	0
TRINITY INDS INC	NOTE 3.875% 6/0	896522AF6	9,563	7,085,000	PRN		DFND	3,4,2	7,085,000	0	0
TRINSEO S	SHS	L9340P101	127	1,890	SH		OTR	1	1,890	0	0
TRIPADVISOR	COM	896945201	577	14,250	SH		DFND		14,250	0	0
TRIPADVISOR	COM	896945201	1,183	29,185	SH		OTR	1	29,185	0	0
TRIPADVISOR	COM	896945201	141	3,471	SH		SOLE	1	3,471	0	0
TRONOX LTD	CL A	Q9235V101	112	5,300	SH		SOLE	1	5,300	0	0
TUTOR PERINI	COM	901109108	7,586	267,100	SH		SOLE	1	267,100	0	0
TWENTY FIRST CENTY FOX	CL A	90130A101	1,689	64,028	SH		SOLE	1	64,028	0	0
TWITTER	COM	90184L102	3,840	227,661	SH		DFND		227,661	0	0
TWITTER	COM	90184L102	307	18,200	SH		SOLE	1	18,200	0	0
TYSON FOODS	CL A	902494103	176	2,500	SH		OTR	1	2,500	0	0
TYSON FOODS	CL A	902494103	603	8,564	SH		SOLE	1	8,564	0	0
U S CONCRETE	COM NEW	90333L201	1,724	22,600	SH		SOLE	1	22,600	0	0
U S G	COM NEW	903293405	1,802	55,200	SH		OTR	1	55,200	0	0
UDR	COM	902653104	543,443	14,289,862	SH		OTR	1	14,289,862	0	0
UDR	COM	902653104	1,938	50,952	SH		SOLE	1	50,952	0	0
UGI CORP	COM	902681105	230	4,900	SH		SOLE	1	4,900	0	0
ULTA BEAUTY	COM	90384S303	1,298	5,740	SH		OTR	1	5,740	0	0
ULTA BEAUTY	COM	90384S303	670	2,966	SH		SOLE	1	2,966	0	0
ULTIMATE SOFTWARE GROUP	COM	90385D107	1,904	10,043	SH		OTR	1	10,043	0	0
ULTRAPAR PARTICIPACOES S A SP ADR	COM	90400P101	1,106	46,450	SH		SOLE	1	46,450	0	0
UMH PPTYS	COM	903002103	48	3,100	SH		SOLE	1	3,100	0	0
UNDER ARMOUR	CL A	904311107	955	58,004	SH		DFND		58,004	0	0
UNDER ARMOUR	CL A	904311107	86	5,236	SH		SOLE	1	5,236	0	0
UNION PAC	COM	907818108	22,613	194,990	SH		SOLE	1	194,990	0	0
UNITED CONTL HLDGS	COM	910047109	347	5,704	SH		SOLE	1	5,704	0	0
UNITED RENTALS	COM	911363109	494	3,565	SH		DFND		3,565	0	0
UNITED RENTALS	COM	911363109	30,281	218,256	SH		SOLE	1	218,256	0	0
UNITED TECHNOLOGIES	COM	913017109	3,505	30,194	SH		SOLE	1	30,194	0	0
UNITED THERAPEUTICS CORP	COM	91307C102	158	1,350	SH		SOLE	1	1,350	0	0
UNITEDHEALTH GROUP	COM	91324P102	9,814	50,111	SH		OTR	1	50,111	0	0
UNITEDHEALTH GROUP	COM	91324P102	11,378	58,097	SH		SOLE	1	58,097	0	0
UNUM	COM	91529Y106	340	6,644	SH		SOLE	1	6,644	0	0
URBAN EDGE	COM	91704F104	257	10,643	SH		SOLE	1	10,643	0	0
URSTADT BIDDLE PPTYS	CL A	917286205	59	2,700	SH		SOLE	1	2,700	0	0
URSTADT BIDDLE PPTYS INC	PFD-G CV 6.75%	917286809	4,650	177,978	SH		OTR	1	0	0	0
US BANCORP	COM NEW	902973304	2,665	49,728	SH		SOLE	1	49,728	0	0
V F	COM	918204108	635	9,988	SH		SOLE	1	9,988	0	0
VAIL RESORTS	COM	91879Q109	271	1,190	SH		SOLE	1	1,190	0	0
VALE S	ADR	91912E105	11,234	1,115,548	SH		SOLE	1	1,115,548	0	0
VALERO ENERGY CORP	COM	91913Y100	823	10,700	SH		OTR	1	10,700	0	0
VALERO ENERGY CORP	COM	91913Y100	1,929	25,076	SH		SOLE	1	25,076	0	0
VALMONT INDS	COM	920253101	7,478	47,300	SH		SOLE	1	47,300	0	0
VANTIV	CL A	92210H105	360	5,110	SH		SOLE	1	5,110	0	0
VARIAN MED SYS	COM	92220P105	282	2,818	SH		SOLE	1	2,818	0	0
VEEVA SYS INC CL	COM	922475108	178	3,150	SH		SOLE	1	3,150	0	0
VENTAS	COM	92276F100	337,794	5,186,455	SH		OTR	1	5,186,455	0	0
VENTAS	COM	92276F100	3,964	60,863	SH		SOLE	1	60,863	0	0
VEREIT	COM	92339V100	1,662	200,524	SH		SOLE	1	200,524	0	0
VERISIGN	COM	92343E102	284	2,667	SH		SOLE	1	2,667	0	0
VERISK ANALYTICS	COM	92345Y106	414	4,971	SH		SOLE	1	4,971	0	0
VERIZON COMMUNICATIONS	COM	92343V104	173	3,500	SH		OTR	1	3,500	0	0
VERIZON COMMUNICATIONS	COM	92343V104	6,575	132,865	SH		SOLE	1	132,865	0	0
VERTEX PHARMACEUTICALS	COM	92532F100	1,150	7,561	SH		SOLE	1	7,561	0	0
VISA INC	CL A	92826C839	8,259	78,474	SH		OTR	1	78,474	0	0
VISA INC	CL A	92826C839	10,274	97,621	SH		SOLE	1	97,621	0	0
VISTEON	COM NEW	92839U206	359	2,900	SH		SOLE	1	2,900	0	0
VMWARE INC CL	COM	928563402	475	4,350	SH		SOLE	1	4,350	0	0
VOYA FINL	COM	929089100	483	12,100	SH		SOLE	1	12,100	0	0
VULCAN MATLS	COM	929160109	16,010	133,861	SH		SOLE	1	133,861	0	0
W P CAREY	COM	92936U109	1,530	22,700	SH		SOLE	1	22,700	0	0
WABCO HLDGS	COM	92927K102	232	1,570	SH		SOLE	1	1,570	0	0
WABTEC	COM	929740108	182	2,400	SH		SOLE	1	2,400	0	0
WAL-MART STORES	COM	931142103	672	8,600	SH		OTR	1	8,600	0	0
WAL-MART STORES	COM	931142103	5,848	74,836	SH		SOLE	1	74,836	0	0
WALGREENS BOOTS ALLIANCE	COM	931427108	2,118	27,429	SH		SOLE	1	27,429	0	0
WASHINGTON PRIME GROUP	COM	93964W108	148	17,753	SH		SOLE	1	17,753	0	0
WASTE CONNECTIONS	COM	94106B101	8,992	128,536	SH		OTR	1	128,536	0	0
WASTE CONNECTIONS	COM	94106B101	910	13,007	SH		SOLE	1	13,007	0	0
WASTE MGMT INC	COM	94106L109	3,773	48,199	SH		SOLE	1	48,199	0	0
WATERS	COM	941848103	698	3,888	SH		SOLE	1	3,888	0	0
WEATHERFORD INTL PLC	SHS	G48833100	131	28,500	SH		SOLE	1	28,500	0	0
WEC ENERGY GROUP	COM	92939U106	678	10,802	SH		SOLE	1	10,802	0	0
WELLS FARGO CO	COM	949746101	5,655	102,545	SH		OTR	1	102,545	0	0
WELLS FARGO CO	COM	949746101	8,026	145,523	SH		SOLE	1	145,523	0	0
WELLTOWER	COM	95040Q104	4,427	62,996	SH		SOLE	1	62,996	0	0
WERNER ENTERPRISES	COM	950755108	3,290	90,000	SH		SOLE	1	90,000	0	0
WESTAR ENERGY	COM	95709T100	203	4,100	SH		SOLE	1	4,100	0	0
WESTERN DIGITAL	COM	958102105	873	10,100	SH		OTR	1	10,100	0	0
WESTERN DIGITAL	COM	958102105	1,392	16,106	SH		SOLE	1	16,106	0	0
WESTERN UN	COM	959802109	289	15,037	SH		SOLE	1	15,037	0	0
WESTROCK	COM	96145D105	440	7,761	SH		SOLE	1	7,761	0	0
WEYERHAEUSER	COM	962166104	776	22,818	SH		SOLE	1	22,818	0	0
WHEELER REAL ESTATE INVT	COM NEW	963025705	4	312	SH		SOLE	1	312	0	0
WHIRLPOOL	COM	963320106	412	2,233	SH		SOLE	1	2,233	0	0
WHITESTONE	COM	966084204	42	3,200	SH		SOLE	1	3,200	0	0
WILLIAMS COS INC	COM	969457100	747	24,902	SH		SOLE	1	24,902	0	0
WILLIS TOWERS WATSON PUB	SHS	G96629103	602	3,905	SH		SOLE	1	3,905	0	0
WORKDAY	CL A	98138H101	3,625	34,394	SH		OTR	1	34,394	0	0
WORKDAY	CL A	98138H101	395	3,750	SH		SOLE	1	3,750	0	0
WORKDAY INC	NOTE 0.750% 7/1	98138HAC5	3,639	2,800,000	PRN		DFND	3,4,2	2,800,000	0	0
WORKDAY INC	NOTE 1.500% 7/1	98138HAD3	28,150	20,000,000	PRN		DFND	3,4,2	20,000,000	0	0
WYNDHAM WORLDWIDE	COM	98310W108	903	8,570	SH		SOLE	1	8,570	0	0
WYNN RESORTS	COM	983134107	444	2,984	SH		SOLE	1	2,984	0	0
XCEL ENERGY	COM	98389B100	1,048	22,148	SH		SOLE	1	22,148	0	0
XENIA HOTELS & RESORTS	COM	984017103	223	10,600	SH		SOLE	1	10,600	0	0
XEROX	COM NEW	984121608	446	13,391	SH		SOLE	1	13,391	0	0
XILINX	COM	983919101	981	13,856	SH		SOLE	1	13,856	0	0
XL GROUP	COM	G98294104	1,109	28,101	SH		SOLE	1	28,101	0	0
XYLEM	COM	98419M100	6,484	103,535	SH		SOLE	1	103,535	0	0
YANDEX N V	CLASS A	N97284108	824	25,000	SH		OTR	1	25,000	0	0
YANDEX N V	CLASS A	N97284108	40	1,200	SH		SOLE	1	1,200	0	0
YELP	CL A	985817105	643	14,865	SH		DFND		14,865	0	0
YUM BRANDS	COM	988498101	1,821	24,741	SH		SOLE	1	24,741	0	0
YUM CHINA HLDGS	COM	98850P109	160	4,000	SH		SOLE	1	4,000	0	0
ZAYO GROUP HLDGS	COM	98919V105	176	5,100	SH		SOLE	1	5,100	0	0
ZIMMER BIOMET HLDGS	COM	98956P102	123	1,048	SH		OTR	1	1,048	0	0
ZIMMER BIOMET HLDGS	COM	98956P102	695	5,934	SH		SOLE	1	5,934	0	0
ZIONS	COM	989701107	327	6,937	SH		SOLE	1	6,937	0	0
ZOETIS	CL A	98978V103	1,029	16,131	SH		SOLE	1	16,131	0	0