Pensionfund Sabic 13F-HR Quarterly holdings report by institutional manager

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

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

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M CO	COMMON STOCK	88579Y101	2,824	15,900	SH		SOLE	0	0	0	15,900
ABBVIE INC	COMMON STOCK	00287Y109	4,807	35,500	SH		SOLE	0	0	0	35,500
AFLAC INC	COMMON STOCK	001055102	2,336	40,000	SH		SOLE	0	0	0	40,000
AGILENT TECHNOLOGIES INC	COMMON STOCK	00846U101	2,395	15,000	SH		SOLE	0	0	0	15,000
AGNC INVESTMENT CORP	COMMON STOCK	00123Q104	1,684	112,000	SH		SOLE	0	0	0	112,000
ALEXANDRIA REAL ESTATE EQUIT	COMMON STOCK	015271109	2,352	10,550	SH		SOLE	0	0	0	10,550
ALLSTATE CORP	COMMON STOCK	020002101	2,188	18,600	SH		SOLE	0	0	0	18,600
ALPHABET INC-CL A	COMMON STOCK	02079K305	10,719	3,700	SH		SOLE	0	0	0	3,700
ALPHABET INC-CL C	COMMON STOCK	02079K107	8,681	3,000	SH		SOLE	0	0	0	3,000
ALTRIA GROUP INC	COMMON STOCK	02209S103	2,843	60,000	SH		SOLE	0	0	0	60,000
AMERICAN CAMPUS COMMUNITIES	COMMON STOCK	024835100	819	14,300	SH		SOLE	0	0	0	14,300
AMERICAN HOMES 4 RENT- A	COMMON STOCK	02665T306	1,548	35,500	SH		SOLE	0	0	0	35,500
AMERIPRISE FINANCIAL INC	COMMON STOCK	03076C106	3,047	10,100	SH		SOLE	0	0	0	10,100
AMGEN INC	COMMON STOCK	031162100	3,172	14,100	SH		SOLE	0	0	0	14,100
ANNALY CAPITAL MANAGEMENT IN	COMMON STOCK	035710409	1,955	250,000	SH		SOLE	0	0	0	250,000
ANTHEM INC	COMMON STOCK	036752103	3,592	7,750	SH		SOLE	0	0	0	7,750
APARTMENT INCOME REIT CO-W/I	COMMON STOCK	03750L109	1,184	21,657	SH		SOLE	0	0	0	21,657
APARTMENT INVT and MGMT CO -A	COMMON STOCK	03748R747	213	27,557	SH		SOLE	0	0	0	27,557
APPLE HOSPITALITY REIT INC	COMMON STOCK	03784Y200	210	13,000	SH		SOLE	0	0	0	13,000
APPLE INC	COMMON STOCK	037833100	23,489	132,280	SH		SOLE	0	0	0	132,280
APPLIED MATERIALS INC	COMMON STOCK	038222105	4,249	27,000	SH		SOLE	0	0	0	27,000
ARMADA HOFFLER PROPERTIES IN	COMMON STOCK	04208T108	199	13,101	SH		SOLE	0	0	0	13,101
ATandT INC	COMMON STOCK	00206R102	3,395	138,000	SH		SOLE	0	0	0	138,000
ATMOS ENERGY CORP	COMMON STOCK	049560105	2,253	21,500	SH		SOLE	0	0	0	21,500
AUTOMATIC DATA PROCESSING	COMMON STOCK	053015103	3,699	15,000	SH		SOLE	0	0	0	15,000
AUTOZONE INC	COMMON STOCK	053332102	3,249	1,550	SH		SOLE	0	0	0	1,550
AVALONBAY COMMUNITIES INC	COMMON STOCK	053484101	3,360	13,302	SH		SOLE	0	0	0	13,302
AVERY DENNISON CORP	COMMON STOCK	053611109	2,685	12,400	SH		SOLE	0	0	0	12,400
BAXTER INTERNATIONAL INC	COMMON STOCK	071813109	2,318	27,000	SH		SOLE	0	0	0	27,000
BECTON DICKINSON AND CO	COMMON STOCK	075887109	2,641	10,500	SH		SOLE	0	0	0	10,500
BERKSHIRE HATHAWAY INC-CL B	COMMON STOCK	084670702	6,578	22,000	SH		SOLE	0	0	0	22,000
BEST BUY CO INC	COMMON STOCK	086516101	1,859	18,300	SH		SOLE	0	0	0	18,300
BLACKROCK INC	COMMON STOCK	09247X101	3,662	4,000	SH		SOLE	0	0	0	4,000
BLACKSTONE GROUP INC/THE-A	COMMON STOCK	09260D107	3,235	25,000	SH		SOLE	0	0	0	25,000
BOOZ ALLEN HAMILTON HOLDINGS	COMMON STOCK	099502106	1,993	23,500	SH		SOLE	0	0	0	23,500
BOSTON PROPERTIES INC	COMMON STOCK	101121101	785	6,814	SH		SOLE	0	0	0	6,814
BRANDYWINE REALTY TRUST	COMMON STOCK	105368203	960	71,500	SH		SOLE	0	0	0	71,500
BRISTOL-MYERS SQUIBB CO	COMMON STOCK	110122108	3,242	52,000	SH		SOLE	0	0	0	52,000
BRISTOL-MYERS SQUIBB-CVR	COMMON STOCK	110122157	0	23,000	SH		SOLE	0	0	0	23,000
BRIXMOR PROPERTY GROUP INC	COMMON STOCK	11120U105	1,670	65,711	SH		SOLE	0	0	0	65,711
CAMDEN PROPERTY TRUST	COMMON STOCK	133131102	1,739	9,731	SH		SOLE	0	0	0	9,731
CAMPBELL SOUP CO	COMMON STOCK	134429109	1,869	43,000	SH		SOLE	0	0	0	43,000
CDW CORP/DE	COMMON STOCK	12514G108	3,015	14,725	SH		SOLE	0	0	0	14,725
CENTERSPACE	COMMON STOCK	15202L107	778	7,019	SH		SOLE	0	0	0	7,019
CERNER CORP	COMMON STOCK	156782104	2,600	28,000	SH		SOLE	0	0	0	28,000
CHATHAM LODGING TRUST	COMMON STOCK	16208T102	123	9,000	SH		SOLE	0	0	0	9,000
CISCO SYSTEMS INC	COMMON STOCK	17275R102	5,228	82,500	SH		SOLE	0	0	0	82,500
CITRIX SYSTEMS INC	COMMON STOCK	177376100	1,703	18,000	SH		SOLE	0	0	0	18,000
COGNIZANT TECH SOLUTIONS-A	COMMON STOCK	192446102	2,928	33,000	SH		SOLE	0	0	0	33,000
COLGATE-PALMOLIVE CO	COMMON STOCK	194162103	2,688	31,500	SH		SOLE	0	0	0	31,500
CONSOLIDATED EDISON INC	COMMON STOCK	209115104	2,389	28,000	SH		SOLE	0	0	0	28,000
CORPORATE OFFICE PROPERTIES	COMMON STOCK	22002T108	685	24,500	SH		SOLE	0	0	0	24,500
COSTCO WHOLESALE CORP	COMMON STOCK	22160K105	4,542	8,000	SH		SOLE	0	0	0	8,000
COUSINS PROPERTIES INC	COMMON STOCK	222795502	1,486	36,900	SH		SOLE	0	0	0	36,900
CSX CORP	COMMON STOCK	126408103	2,933	78,000	SH		SOLE	0	0	0	78,000
CUBESMART	COMMON STOCK	229663109	1,935	34,000	SH		SOLE	0	0	0	34,000
CUMMINS INC	COMMON STOCK	231021106	1,963	9,000	SH		SOLE	0	0	0	9,000
CYRUSONE INC	COMMON STOCK	23283R100	2,099	23,400	SH		SOLE	0	0	0	23,400
DIGITAL REALTY TRUST INC	COMMON STOCK	253868103	4,059	22,947	SH		SOLE	0	0	0	22,947
DOLLAR GENERAL CORP	COMMON STOCK	256677105	2,759	11,700	SH		SOLE	0	0	0	11,700
DOMINION ENERGY INC	COMMON STOCK	25746U109	2,592	33,000	SH		SOLE	0	0	0	33,000
DOUGLAS EMMETT INC	COMMON STOCK	25960P109	302	9,000	SH		SOLE	0	0	0	9,000
DUKE REALTY CORP	COMMON STOCK	264411505	1,753	26,707	SH		SOLE	0	0	0	26,707
DigitalBridge Group Inc	COMMON STOCK	25401T108	494	59,286	SH		SOLE	0	0	0	59,286
Diversified Healthcare Trust	COMMON STOCK	25525P107	442	143,100	SH		SOLE	0	0	0	143,100
EASTGROUP PROPERTIES INC	COMMON STOCK	277276101	96	422	SH		SOLE	0	0	0	422
EBAY INC	COMMON STOCK	278642103	2,860	43,000	SH		SOLE	0	0	0	43,000
ELECTRONIC ARTS INC	COMMON STOCK	285512109	2,110	16,000	SH		SOLE	0	0	0	16,000
EMERSON ELECTRIC CO	COMMON STOCK	291011104	2,603	28,000	SH		SOLE	0	0	0	28,000
EMPIRE STATE REALTY TRUST-A	COMMON STOCK	292104106	258	29,000	SH		SOLE	0	0	0	29,000
EPR PROPERTIES	COMMON STOCK	26884U109	299	6,300	SH		SOLE	0	0	0	6,300
EQUINIX INC	COMMON STOCK	29444U700	3,544	4,190	SH		SOLE	0	0	0	4,190
EQUITY RESIDENTIAL	COMMON STOCK	29476L107	2,928	32,353	SH		SOLE	0	0	0	32,353
ESSENTIAL PROPERTIES REALTY	COMMON STOCK	29670E107	432	15,000	SH		SOLE	0	0	0	15,000
ESSEX PROPERTY TRUST INC	COMMON STOCK	297178105	2,395	6,800	SH		SOLE	0	0	0	6,800
EVERSOURCE ENERGY	COMMON STOCK	30040W108	2,229	24,500	SH		SOLE	0	0	0	24,500
EXELON CORP	COMMON STOCK	30161N101	2,975	51,500	SH		SOLE	0	0	0	51,500
F5 NETWORKS INC	COMMON STOCK	315616102	2,398	9,800	SH		SOLE	0	0	0	9,800
FACTSET RESEARCH SYSTEMS INC	COMMON STOCK	303075105	2,187	4,500	SH		SOLE	0	0	0	4,500
FOUR CORNERS PROPERTY TRUST	COMMON STOCK	35086T109	1,029	35,000	SH		SOLE	0	0	0	35,000
GAMING AND LEISURE PROPERTIE	COMMON STOCK	36467J108	1,677	34,471	SH		SOLE	0	0	0	34,471
GENERAL MILLS INC	COMMON STOCK	370334104	2,493	37,000	SH		SOLE	0	0	0	37,000
GILEAD SCIENCES INC	COMMON STOCK	375558103	2,904	40,000	SH		SOLE	0	0	0	40,000
GLOBAL MEDICAL REIT INC	COMMON STOCK	37954A204	643	36,200	SH		SOLE	0	0	0	36,200
GLOBAL NET LEASE INC	COMMON STOCK	379378201	1,169	76,492	SH		SOLE	0	0	0	76,492
HCP INC	COMMON STOCK	42250P103	2,112	58,507	SH		SOLE	0	0	0	58,507
HEALTHCARE REALTY TRUST INC	COMMON STOCK	421946104	746	23,582	SH		SOLE	0	0	0	23,582
HEALTHCARE TRUST OF AME-CL A	COMMON STOCK	42225P501	1,553	46,500	SH		SOLE	0	0	0	46,500
HERSHA HOSPITALITY TRUST	COMMON STOCK	427825500	73	8,000	SH		SOLE	0	0	0	8,000
HERSHEY CO/THE	COMMON STOCK	427866108	2,592	13,400	SH		SOLE	0	0	0	13,400
HIGHWOODS PROPERTIES INC	COMMON STOCK	431284108	843	18,898	SH		SOLE	0	0	0	18,898
HOME DEPOT INC	COMMON STOCK	437076102	7,221	17,400	SH		SOLE	0	0	0	17,400
HOST HOTELS and RESORTS INC	COMMON STOCK	44107P104	1,345	77,343	SH		SOLE	0	0	0	77,343
HUDSON PACIFIC PROPERTIES IN	COMMON STOCK	444097109	741	30,000	SH		SOLE	0	0	0	30,000
HUMANA INC	COMMON STOCK	444859102	2,783	6,000	SH		SOLE	0	0	0	6,000
ILLINOIS TOOL WORKS	COMMON STOCK	452308109	2,986	12,100	SH		SOLE	0	0	0	12,100
INDEPENDENCE REALTY TRUST IN	COMMON STOCK	45378A106	982	38,000	SH		SOLE	0	0	0	38,000
INDUSTRIAL LOGISTICS PROPERT	COMMON STOCK	456237106	1,693	67,572	SH		SOLE	0	0	0	67,572
INNOVATIVE INDUSTRIAL PROPER	COMMON STOCK	45781V101	448	1,704	SH		SOLE	0	0	0	1,704
INVITATION HOMES INC	COMMON STOCK	46187W107	2,973	65,565	SH		SOLE	0	0	0	65,565
IRON MOUNTAIN INC	COMMON STOCK	46284V101	2,303	44,000	SH		SOLE	0	0	0	44,000
JM SMUCKER CO/THE	COMMON STOCK	832696405	2,173	16,000	SH		SOLE	0	0	0	16,000
JOHNSON and JOHNSON	COMMON STOCK	478160104	6,501	38,000	SH		SOLE	0	0	0	38,000
KELLOGG CO	COMMON STOCK	487836108	1,997	31,000	SH		SOLE	0	0	0	31,000
KENNEDY-WILSON HOLDINGS INC	COMMON STOCK	489398107	323	13,509	SH		SOLE	0	0	0	13,509
KILROY REALTY CORP	COMMON STOCK	49427F108	432	6,500	SH		SOLE	0	0	0	6,500
KIMBERLY-CLARK CORP	COMMON STOCK	494368103	2,372	16,600	SH		SOLE	0	0	0	16,600
KIMCO REALTY CORP	COMMON STOCK	49446R109	254	10,295	SH		SOLE	0	0	0	10,295
KITE REALTY GROUP TRUST	COMMON STOCK	49803T300	455	20,900	SH		SOLE	0	0	0	20,900
KLA-TENCOR CORP	COMMON STOCK	482480100	3,140	7,300	SH		SOLE	0	0	0	7,300
Keurig Dr Pepper Inc	COMMON STOCK	49271V100	2,212	60,000	SH		SOLE	0	0	0	60,000
LAM RESEARCH CORP	COMMON STOCK	512807108	3,955	5,500	SH		SOLE	0	0	0	5,500
LENNOX INTERNATIONAL INC	COMMON STOCK	526107107	2,141	6,600	SH		SOLE	0	0	0	6,600
LOWE'S COS INC	COMMON STOCK	548661107	4,601	17,800	SH		SOLE	0	0	0	17,800
LXP INDUSTRIAL TRUST	COMMON STOCK	529043101	1,562	100,000	SH		SOLE	0	0	0	100,000
Life Storage Inc	COMMON STOCK	53223X107	2,236	14,600	SH		SOLE	0	0	0	14,600
MACERICH CO/THE	COMMON STOCK	554382101	150	8,692	SH		SOLE	0	0	0	8,692
MANPOWERGROUP INC	COMMON STOCK	56418H100	1,655	17,000	SH		SOLE	0	0	0	17,000
MARSH and MCLENNAN COS	COMMON STOCK	571748102	3,598	20,700	SH		SOLE	0	0	0	20,700
MASCO CORP	COMMON STOCK	574599106	2,402	34,200	SH		SOLE	0	0	0	34,200
MCDONALD'S CORP	COMMON STOCK	580135101	4,209	15,700	SH		SOLE	0	0	0	15,700
MCKESSON CORP	COMMON STOCK	58155Q103	2,859	11,500	SH		SOLE	0	0	0	11,500
MEDICAL PROPERTIES TRUST INC	COMMON STOCK	58463J304	2,316	98,000	SH		SOLE	0	0	0	98,000
MERCK and CO. INC.	COMMON STOCK	58933Y105	3,870	50,500	SH		SOLE	0	0	0	50,500
META PLATFORMS INC-A	COMMON STOCK	30303M102	10,259	30,500	SH		SOLE	0	0	0	30,500
METTLER-TOLEDO INTERNATIONAL	COMMON STOCK	592688105	2,546	1,500	SH		SOLE	0	0	0	1,500
MICROSOFT CORP	COMMON STOCK	594918104	18,461	54,890	SH		SOLE	0	0	0	54,890
MID-AMERICA APARTMENT COMM	COMMON STOCK	59522J103	2,512	10,950	SH		SOLE	0	0	0	10,950
MONDELEZ INTERNATIONAL INC-A	COMMON STOCK	609207105	3,050	46,000	SH		SOLE	0	0	0	46,000
MONMOUTH REAL ESTATE INV COR	COMMON STOCK	609720107	525	25,000	SH		SOLE	0	0	0	25,000
MONSTER BEVERAGE CORP	COMMON STOCK	61174X109	2,324	24,200	SH		SOLE	0	0	0	24,200
MOODY'S CORP	COMMON STOCK	615369105	2,929	7,500	SH		SOLE	0	0	0	7,500
MOTOROLA SOLUTIONS INC	COMMON STOCK	620076307	3,260	12,000	SH		SOLE	0	0	0	12,000
NATL HEALTH INVESTORS INC	COMMON STOCK	63633D104	1,126	19,600	SH		SOLE	0	0	0	19,600
NETAPP INC	COMMON STOCK	64110D104	2,208	24,000	SH		SOLE	0	0	0	24,000
NEW YORK REIT INC liquidation shs	COMMON STOCK	64976L208	0	2,200	SH		SOLE	0	0	0	2,200
NISOURCE INC	COMMON STOCK	65473P105	2,154	78,000	SH		SOLE	0	0	0	78,000
NORDSON CORP	COMMON STOCK	655663102	2,221	8,700	SH		SOLE	0	0	0	8,700
O'REILLY AUTOMOTIVE INC	COMMON STOCK	67103H107	3,249	4,600	SH		SOLE	0	0	0	4,600
OFFICE PROPERTIES INCOME TRUST	COMMON STOCK	67623C109	316	12,714	SH		SOLE	0	0	0	12,714
OLD DOMINION FREIGHT LINE	COMMON STOCK	679580100	2,867	8,000	SH		SOLE	0	0	0	8,000
OMEGA HEALTHCARE INVESTORS	COMMON STOCK	681936100	1,471	49,700	SH		SOLE	0	0	0	49,700
ORION OFFICE REIT INC-W/I	COMMON STOCK	68629Y103	73	3,915	SH		SOLE	0	0	0	3,915
PARK HOTELS and RESORTS INC	COMMON STOCK	700517105	172	9,106	SH		SOLE	0	0	0	9,106
PAYCHEX INC	COMMON STOCK	704326107	2,682	19,650	SH		SOLE	0	0	0	19,650
PEBBLEBROOK HOTEL TRUST	COMMON STOCK	70509V100	142	6,355	SH		SOLE	0	0	0	6,355
PEPSICO INC	COMMON STOCK	713448108	4,638	26,700	SH		SOLE	0	0	0	26,700
PHILIP MORRIS INTERNATIONAL	COMMON STOCK	718172109	3,610	38,000	SH		SOLE	0	0	0	38,000
PHYSICIANS REALTY TRUST	COMMON STOCK	71943U104	960	51,000	SH		SOLE	0	0	0	51,000
PLYMOUTH INDUSTRIAL REIT INC	COMMON STOCK	729640102	1,553	48,527	SH		SOLE	0	0	0	48,527
POWER REIT	COMMON STOCK	73933H101	145	2,110	SH		SOLE	0	0	0	2,110
PPL CORP	COMMON STOCK	69351T106	2,155	71,700	SH		SOLE	0	0	0	71,700
PREFERRED APARTMENT COMMUN-A	COMMON STOCK	74039L103	939	52,000	SH		SOLE	0	0	0	52,000
PROCTER and GAMBLE CO/THE	COMMON STOCK	742718109	6,380	39,000	SH		SOLE	0	0	0	39,000
PROLOGIS INC	COMMON STOCK	74340W103	10,215	60,672	SH		SOLE	0	0	0	60,672
PUBLIC SERVICE ENTERPRISE GP	COMMON STOCK	744573106	2,322	34,800	SH		SOLE	0	0	0	34,800
PUBLIC STORAGE	COMMON STOCK	74460D109	4,237	11,313	SH		SOLE	0	0	0	11,313
QUALCOMM INC	COMMON STOCK	747525103	4,572	25,000	SH		SOLE	0	0	0	25,000
REALTY INCOME CORP	COMMON STOCK	756109104	2,803	39,154	SH		SOLE	0	0	0	39,154
REALTY INCOME CORP	COMMON STOCK	756109104	2,148	30,000	SH		SOLE	0	0	0	30,000
REGENERON PHARMACEUTICALS	COMMON STOCK	75886F107	2,652	4,200	SH		SOLE	0	0	0	4,200
RETAIL VALUE INC	COMMON STOCK	76133Q102	1	108	SH		SOLE	0	0	0	108
RLJ LODGING TRUST	COMMON STOCK	74965L101	401	28,800	SH		SOLE	0	0	0	28,800
ROBERT HALF INTL INC	COMMON STOCK	770323103	2,944	26,400	SH		SOLE	0	0	0	26,400
SandP GLOBAL INC	COMMON STOCK	78409V104	3,728	7,900	SH		SOLE	0	0	0	7,900
SABRA HEALTH CARE REIT INC	COMMON STOCK	78573L106	1,014	74,874	SH		SOLE	0	0	0	74,874
SEAGATE TECHNOLOGY	COMMON STOCK	000000000	2,260	20,000	SH		SOLE	0	0	0	20,000
SEALED AIR CORP	COMMON STOCK	81211K100	2,227	33,000	SH		SOLE	0	0	0	33,000
SEI INVESTMENTS COMPANY	COMMON STOCK	784117103	1,950	32,000	SH		SOLE	0	0	0	32,000
SEMPRA ENERGY	COMMON STOCK	816851109	2,513	19,000	SH		SOLE	0	0	0	19,000
SERVICE PROPERTIES TRUST	COMMON STOCK	44106M102	178	20,266	SH		SOLE	0	0	0	20,266
SHERWIN-WILLIAMS CO/THE	COMMON STOCK	824348106	3,539	10,050	SH		SOLE	0	0	0	10,050
SIMON PROPERTY GROUP INC	COMMON STOCK	828806109	4,363	27,306	SH		SOLE	0	0	0	27,306
SKYWORKS SOLUTIONS INC	COMMON STOCK	83088M102	1,862	12,000	SH		SOLE	0	0	0	12,000
SL GREEN REALTY CORP	COMMON STOCK	78440X804	711	9,913	SH		SOLE	0	0	0	9,913
SMITH (A.O.) CORP	COMMON STOCK	831865209	2,833	33,000	SH		SOLE	0	0	0	33,000
SPIRIT REALTY CAPITAL INC	COMMON STOCK	84860W300	1,610	33,400	SH		SOLE	0	0	0	33,400
STAG INDUSTRIAL INC	COMMON STOCK	85254J102	1,993	41,563	SH		SOLE	0	0	0	41,563
STORE CAPITAL CORP	COMMON STOCK	862121100	1,152	33,500	SH		SOLE	0	0	0	33,500
SUMMIT HOTEL PROPERTIES INC	COMMON STOCK	866082100	183	18,700	SH		SOLE	0	0	0	18,700
T ROWE PRICE GROUP INC	COMMON STOCK	74144T108	2,655	13,500	SH		SOLE	0	0	0	13,500
TANGER FACTORY OUTLET CENTER	COMMON STOCK	875465106	357	18,500	SH		SOLE	0	0	0	18,500
TARGET CORP	COMMON STOCK	87612E106	3,333	14,400	SH		SOLE	0	0	0	14,400
TERADYNE INC	COMMON STOCK	880770102	2,289	14,000	SH		SOLE	0	0	0	14,000
TEXAS INSTRUMENTS INC	COMMON STOCK	882508104	3,656	19,400	SH		SOLE	0	0	0	19,400
TRACTOR SUPPLY COMPANY	COMMON STOCK	892356106	3,054	12,800	SH		SOLE	0	0	0	12,800
UDR INC	COMMON STOCK	902653104	1,793	29,888	SH		SOLE	0	0	0	29,888
UMH PROPERTIES INC	COMMON STOCK	903002103	808	29,564	SH		SOLE	0	0	0	29,564
UNION PACIFIC CORP	COMMON STOCK	907818108	3,779	15,000	SH		SOLE	0	0	0	15,000
UNITED PARCEL SERVICE-CL B	COMMON STOCK	911312106	3,644	17,000	SH		SOLE	0	0	0	17,000
UNITEDHEALTH GROUP INC	COMMON STOCK	91324P102	7,181	14,300	SH		SOLE	0	0	0	14,300
URSTADT BIDDLE - CLASS A	COMMON STOCK	917286205	362	17,000	SH		SOLE	0	0	0	17,000
VENTAS INC	COMMON STOCK	92276F100	2,388	46,705	SH		SOLE	0	0	0	46,705
VERIS RESIDENTIAL INC	COMMON STOCK	554489104	110	6,000	SH		SOLE	0	0	0	6,000
VERIZON COMMUNICATIONS INC	COMMON STOCK	92343V104	3,819	73,500	SH		SOLE	0	0	0	73,500
VERTEX PHARMACEUTICALS INC	COMMON STOCK	92532F100	2,525	11,500	SH		SOLE	0	0	0	11,500
VICI PROPERTIES INC	COMMON STOCK	925652109	1,189	39,500	SH		SOLE	0	0	0	39,500
VISA INC-CLASS A SHARES	COMMON STOCK	92826C839	5,721	26,400	SH		SOLE	0	0	0	26,400
VORNADO REALTY TRUST	COMMON STOCK	929042109	470	11,237	SH		SOLE	0	0	0	11,237
WALMART INC	COMMON STOCK	931142103	4,196	29,000	SH		SOLE	0	0	0	29,000
WASHINGTON REIT	COMMON STOCK	939653101	362	14,000	SH		SOLE	0	0	0	14,000
WASTE MANAGEMENT INC	COMMON STOCK	94106L109	3,305	19,800	SH		SOLE	0	0	0	19,800
WATERS CORP	COMMON STOCK	941848103	2,273	6,100	SH		SOLE	0	0	0	6,100
WELLTOWER INC	COMMON STOCK	95040Q104	2,853	33,259	SH		SOLE	0	0	0	33,259
WP CAREY INC	COMMON STOCK	92936U109	2,109	25,704	SH		SOLE	0	0	0	25,704
WP CAREY INC	COMMON STOCK	92936U109	2,051	25,000	SH		SOLE	0	0	0	25,000
WW GRAINGER INC	COMMON STOCK	384802104	2,695	5,200	SH		SOLE	0	0	0	5,200
YUM! BRANDS INC	COMMON STOCK	988498101	2,749	19,800	SH		SOLE	0	0	0	19,800
ZOETIS INC	COMMON STOCK	98978V103	3,416	14,000	SH		SOLE	0	0	0	14,000