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	3,211	15,300	SH		SOLE	0	0	0	15,300
AFLAC INC	COMMON STOCK	001055102	1,978	24,300	SH		SOLE	0	0	0	24,300
ALEXANDRIA REAL ESTATE EQUIT	COMMON STOCK	015271109	1,017	8,550	SH		SOLE	0	0	0	8,550
ALLSTATE CORP	COMMON STOCK	020002101	2,059	22,400	SH		SOLE	0	0	0	22,400
ALPHABET INC-CL A	COMMON STOCK	02079K305	3,973	4,080	SH		SOLE	0	0	0	4,080
ALPHABET INC-CL C	COMMON STOCK	02079K107	3,549	3,700	SH		SOLE	0	0	0	3,700
ALTRIA GROUP INC	COMMON STOCK	02209S103	2,771	43,700	SH		SOLE	0	0	0	43,700
AMERICAN CAMPUS COMMUNITIES	COMMON STOCK	024835100	419	9,500	SH		SOLE	0	0	0	9,500
AMERICAN ELECTRIC POWER	COMMON STOCK	025537101	2,023	28,800	SH		SOLE	0	0	0	28,800
AMERIPRISE FINANCIAL INC	COMMON STOCK	03076C106	1,782	12,000	SH		SOLE	0	0	0	12,000
APARTMENT INVT and MGMT CO -A	COMMON STOCK	03748R101	680	15,500	SH		SOLE	0	0	0	15,500
APPLE INC	COMMON STOCK	037833100	7,968	51,700	SH		SOLE	0	0	0	51,700
APPLIED MATERIALS INC	COMMON STOCK	038222105	2,756	52,900	SH		SOLE	0	0	0	52,900
ARMADA HOFFLER PROPERTIES IN	COMMON STOCK	04208T108	360	26,101	SH		SOLE	0	0	0	26,101
ATandT INC	COMMON STOCK	00206R102	4,320	110,300	SH		SOLE	0	0	0	110,300
AUTOZONE INC	COMMON STOCK	053332102	1,309	2,200	SH		SOLE	0	0	0	2,200
AVALONBAY COMMUNITIES INC	COMMON STOCK	053484101	1,749	9,802	SH		SOLE	0	0	0	9,802
AVERY DENNISON CORP	COMMON STOCK	053611109	1,878	19,100	SH		SOLE	0	0	0	19,100
BANK OF NEW YORK MELLON CORP	COMMON STOCK	064058100	1,697	32,000	SH		SOLE	0	0	0	32,000
BAXTER INTERNATIONAL INC	COMMON STOCK	071813109	2,215	35,300	SH		SOLE	0	0	0	35,300
BEST BUY CO INC	COMMON STOCK	086516101	1,652	29,000	SH		SOLE	0	0	0	29,000
BIOGEN INC	COMMON STOCK	09062X103	2,411	7,700	SH		SOLE	0	0	0	7,700
BLACKROCK INC	COMMON STOCK	09247X101	2,280	5,100	SH		SOLE	0	0	0	5,100
BOSTON PROPERTIES INC	COMMON STOCK	101121101	714	5,814	SH		SOLE	0	0	0	5,814
BRANDYWINE REALTY TRUST	COMMON STOCK	105368203	1,041	59,500	SH		SOLE	0	0	0	59,500
BRIXMOR PROPERTY GROUP INC	COMMON STOCK	11120U105	784	41,711	SH		SOLE	0	0	0	41,711
BROADRIDGE FINANCIAL SOLUTIO	COMMON STOCK	11133T103	1,616	20,000	SH		SOLE	0	0	0	20,000
CA INC	COMMON STOCK	12673P105	1,479	44,300	SH		SOLE	0	0	0	44,300
CAMDEN PROPERTY TRUST	COMMON STOCK	133131102	1,119	12,231	SH		SOLE	0	0	0	12,231
CBL and ASSOCIATES PROPERTIES	COMMON STOCK	124830100	268	32,000	SH		SOLE	0	0	0	32,000
CBS CORP-CLASS B NON VOTING	COMMON STOCK	124857202	1,636	28,200	SH		SOLE	0	0	0	28,200
CDW CORP/DE	COMMON STOCK	12514G108	1,650	25,000	SH		SOLE	0	0	0	25,000
CELANESE CORP-SERIES A	COMMON STOCK	150870103	1,668	16,000	SH		SOLE	0	0	0	16,000
CELGENE CORP	COMMON STOCK	151020104	3,150	21,600	SH		SOLE	0	0	0	21,600
CHESAPEAKE LODGING TRUST	COMMON STOCK	165240102	391	14,500	SH		SOLE	0	0	0	14,500
CHURCH and DWIGHT CO INC	COMMON STOCK	171340102	1,560	32,200	SH		SOLE	0	0	0	32,200
CIGNA CORP	COMMON STOCK	125509109	2,281	12,200	SH		SOLE	0	0	0	12,200
CLOROX COMPANY	COMMON STOCK	189054109	1,662	12,600	SH		SOLE	0	0	0	12,600
COGNIZANT TECH SOLUTIONS-A	COMMON STOCK	192446102	2,278	31,400	SH		SOLE	0	0	0	31,400
COLGATE-PALMOLIVE CO	COMMON STOCK	194162103	2,331	32,000	SH		SOLE	0	0	0	32,000
COLONY NORTHSTAR INC-CLASS A	COMMON STOCK	19625W104	456	36,286	SH		SOLE	0	0	0	36,286
COLUMBIA PROPERTY TRUST INC	COMMON STOCK	198287203	762	35,000	SH		SOLE	0	0	0	35,000
CORPORATE OFFICE PROPERTIES	COMMON STOCK	22002T108	673	20,500	SH		SOLE	0	0	0	20,500
COUSINS PROPERTIES INC	COMMON STOCK	222795106	551	59,000	SH		SOLE	0	0	0	59,000
CR BARD INC	COMMON STOCK	067383109	2,147	6,700	SH		SOLE	0	0	0	6,700
CROWN HOLDINGS INC	COMMON STOCK	228368106	1,618	27,100	SH		SOLE	0	0	0	27,100
CUMMINS INC	COMMON STOCK	231021106	1,865	11,100	SH		SOLE	0	0	0	11,100
CVS HEALTH CORP	COMMON STOCK	126650100	2,789	34,300	SH		SOLE	0	0	0	34,300
CYRUSONE INC	COMMON STOCK	23283R100	365	6,200	SH		SOLE	0	0	0	6,200
DCT INDUSTRIAL TRUST INC	COMMON STOCK	233153204	351	6,062	SH		SOLE	0	0	0	6,062
DDR CORP	COMMON STOCK	23317H102	678	74,000	SH		SOLE	0	0	0	74,000
DELTA AIR LINES INC	COMMON STOCK	247361702	1,495	31,000	SH		SOLE	0	0	0	31,000
DIAMONDROCK HOSPITALITY CO	COMMON STOCK	252784301	624	57,000	SH		SOLE	0	0	0	57,000
DIGITAL REALTY TRUST INC	COMMON STOCK	253868103	1,769	14,947	SH		SOLE	0	0	0	14,947
DOMINO'S PIZZA INC	COMMON STOCK	25754A201	1,529	7,700	SH		SOLE	0	0	0	7,700
DR PEPPER SNAPPLE GROUP INC	COMMON STOCK	26138E109	1,486	16,800	SH		SOLE	0	0	0	16,800
DUKE ENERGY CORP	COMMON STOCK	26441C204	2,190	26,100	SH		SOLE	0	0	0	26,100
DUKE REALTY CORP	COMMON STOCK	264411505	453	15,707	SH		SOLE	0	0	0	15,707
EASTGROUP PROPERTIES INC	COMMON STOCK	277276101	716	8,122	SH		SOLE	0	0	0	8,122
EATON VANCE CORP	COMMON STOCK	278265103	1,530	31,000	SH		SOLE	0	0	0	31,000
EDISON INTERNATIONAL	COMMON STOCK	281020107	1,790	23,200	SH		SOLE	0	0	0	23,200
EMERSON ELECTRIC CO	COMMON STOCK	291011104	2,118	33,700	SH		SOLE	0	0	0	33,700
EMPIRE STATE REALTY TRUST-A	COMMON STOCK	292104106	349	17,000	SH		SOLE	0	0	0	17,000
ENTERGY CORP	COMMON STOCK	29364G103	1,451	19,000	SH		SOLE	0	0	0	19,000
EPR PROPERTIES	COMMON STOCK	26884U109	649	9,300	SH		SOLE	0	0	0	9,300
EQUIFAX INC	COMMON STOCK	294429105	1,293	12,200	SH		SOLE	0	0	0	12,200
EQUITY RESIDENTIAL	COMMON STOCK	29476L107	1,513	22,953	SH		SOLE	0	0	0	22,953
ESSEX PROPERTY TRUST INC	COMMON STOCK	297178105	762	3,000	SH		SOLE	0	0	0	3,000
ESTEE LAUDER COMPANIES-CL A	COMMON STOCK	518439104	2,092	19,400	SH		SOLE	0	0	0	19,400
EVERSOURCE ENERGY	COMMON STOCK	30040W108	1,771	29,300	SH		SOLE	0	0	0	29,300
F5 NETWORKS INC	COMMON STOCK	315616102	1,218	10,100	SH		SOLE	0	0	0	10,100
FASTENAL CO	COMMON STOCK	311900104	1,413	31,000	SH		SOLE	0	0	0	31,000
FEDEX CORP	COMMON STOCK	31428X106	2,369	10,500	SH		SOLE	0	0	0	10,500
FISERV INC	COMMON STOCK	337738108	1,676	13,000	SH		SOLE	0	0	0	13,000
FNF GROUP	COMMON STOCK	31620R303	1,732	36,500	SH		SOLE	0	0	0	36,500
FOOT LOCKER INC	COMMON STOCK	344849104	747	21,200	SH		SOLE	0	0	0	21,200
FOREST CITY REALTY TRUST- A	COMMON STOCK	345605109	765	30,000	SH		SOLE	0	0	0	30,000
GAMING AND LEISURE PROPERTIE	COMMON STOCK	36467J108	682	18,500	SH		SOLE	0	0	0	18,500
GARTNER INC	COMMON STOCK	366651107	1,767	14,200	SH		SOLE	0	0	0	14,200
GENERAL ELECTRIC CO	COMMON STOCK	369604103	4,304	178,000	SH		SOLE	0	0	0	178,000
GENERAL MILLS INC	COMMON STOCK	370334104	1,858	35,900	SH		SOLE	0	0	0	35,900
GENUINE PARTS CO	COMMON STOCK	372460105	1,492	15,600	SH		SOLE	0	0	0	15,600
GGP Inc	COMMON STOCK	36174X101	602	29,000	SH		SOLE	0	0	0	29,000
GLOBAL NET LEASE INC	COMMON STOCK	379378201	416	18,992	SH		SOLE	0	0	0	18,992
GRAMERCY PROPERTY TRUST	COMMON STOCK	385002308	1,018	33,666	SH		SOLE	0	0	0	33,666
HASBRO INC	COMMON STOCK	418056107	1,367	14,000	SH		SOLE	0	0	0	14,000
HCP INC	COMMON STOCK	40414L109	1,058	38,007	SH		SOLE	0	0	0	38,007
HEALTHCARE REALTY TRUST INC	COMMON STOCK	421946104	132	4,082	SH		SOLE	0	0	0	4,082
HENRY SCHEIN INC	COMMON STOCK	806407102	1,541	18,800	SH		SOLE	0	0	0	18,800
HERSHEY CO/THE	COMMON STOCK	427866108	1,550	14,200	SH		SOLE	0	0	0	14,200
HIGHWOODS PROPERTIES INC	COMMON STOCK	431284108	750	14,398	SH		SOLE	0	0	0	14,398
HOME DEPOT INC	COMMON STOCK	437076102	4,154	25,400	SH		SOLE	0	0	0	25,400
HOSPITALITY PROPERTIES TRUST	COMMON STOCK	44106M102	777	27,266	SH		SOLE	0	0	0	27,266
HOST HOTELS and RESORTS INC	COMMON STOCK	44107P104	1,430	77,343	SH		SOLE	0	0	0	77,343
HUDSON PACIFIC PROPERTIES IN	COMMON STOCK	444097109	369	11,000	SH		SOLE	0	0	0	11,000
ILLINOIS TOOL WORKS	COMMON STOCK	452308109	2,160	14,600	SH		SOLE	0	0	0	14,600
INFRAREIT INC	COMMON STOCK	45685L100	352	15,720	SH		SOLE	0	0	0	15,720
INGERSOLL-RAND PLC	COMMON STOCK	000000000	1,605	18,000	SH		SOLE	0	0	0	18,000
INTERPUBLIC GROUP OF COS INC	COMMON STOCK	460690100	1,299	62,500	SH		SOLE	0	0	0	62,500
INTL BUSINESS MACHINES CORP	COMMON STOCK	459200101	2,771	19,100	SH		SOLE	0	0	0	19,100
INTUIT INC	COMMON STOCK	461202103	2,033	14,300	SH		SOLE	0	0	0	14,300
IRON MOUNTAIN INC	COMMON STOCK	46284V101	953	24,500	SH		SOLE	0	0	0	24,500
JBG SMITH PROPERTIES	COMMON STOCK	46590V100	380	11,118	SH		SOLE	0	0	0	11,118
JM SMUCKER CO/THE	COMMON STOCK	832696405	1,196	11,400	SH		SOLE	0	0	0	11,400
KILROY REALTY CORP	COMMON STOCK	49427F108	284	4,000	SH		SOLE	0	0	0	4,000
KIMBERLY-CLARK CORP	COMMON STOCK	494368103	1,648	14,000	SH		SOLE	0	0	0	14,000
KIMCO REALTY CORP	COMMON STOCK	49446R109	397	20,295	SH		SOLE	0	0	0	20,295
KITE REALTY GROUP TRUST	COMMON STOCK	49803T300	919	45,400	SH		SOLE	0	0	0	45,400
KLA-TENCOR CORP	COMMON STOCK	482480100	1,590	15,000	SH		SOLE	0	0	0	15,000
LASALLE HOTEL PROPERTIES	COMMON STOCK	517942108	705	24,300	SH		SOLE	0	0	0	24,300
LEGGETT and PLATT INC	COMMON STOCK	524660107	1,241	26,000	SH		SOLE	0	0	0	26,000
LIBERTY PROPERTY TRUST	COMMON STOCK	531172104	1,149	27,984	SH		SOLE	0	0	0	27,984
LOEWS CORP	COMMON STOCK	540424108	1,484	31,000	SH		SOLE	0	0	0	31,000
LOWE'S COS INC	COMMON STOCK	548661107	2,342	29,300	SH		SOLE	0	0	0	29,300
Life Storage Inc	COMMON STOCK	53223X107	532	6,500	SH		SOLE	0	0	0	6,500
MACERICH CO/THE	COMMON STOCK	554382101	454	8,266	SH		SOLE	0	0	0	8,266
MACK-CALI REALTY CORP	COMMON STOCK	554489104	498	21,000	SH		SOLE	0	0	0	21,000
MANPOWERGROUP INC	COMMON STOCK	56418H100	2,003	17,000	SH		SOLE	0	0	0	17,000
MARSH and MCLENNAN COS	COMMON STOCK	571748102	2,179	26,000	SH		SOLE	0	0	0	26,000
MASCO CORP	COMMON STOCK	574599106	1,724	44,200	SH		SOLE	0	0	0	44,200
MASTERCARD INC - A	COMMON STOCK	57636Q104	3,459	24,500	SH		SOLE	0	0	0	24,500
MAXIM INTEGRATED PRODUCTS	COMMON STOCK	57772K101	1,527	32,000	SH		SOLE	0	0	0	32,000
MCCORMICK and CO-NON VTG SHRS	COMMON STOCK	579780206	1,591	15,500	SH		SOLE	0	0	0	15,500
MCDONALD'S CORP	COMMON STOCK	580135101	3,447	22,000	SH		SOLE	0	0	0	22,000
METTLER-TOLEDO INTERNATIONAL	COMMON STOCK	592688105	2,192	3,500	SH		SOLE	0	0	0	3,500
MICROSOFT CORP	COMMON STOCK	594918104	7,844	105,300	SH		SOLE	0	0	0	105,300
MID-AMERICA APARTMENT COMM	COMMON STOCK	59522J103	1,427	13,350	SH		SOLE	0	0	0	13,350
MOODY'S CORP	COMMON STOCK	615369105	2,005	14,400	SH		SOLE	0	0	0	14,400
NASDAQ INC	COMMON STOCK	631103108	1,551	20,000	SH		SOLE	0	0	0	20,000
NETAPP INC	COMMON STOCK	64110D104	1,750	40,000	SH		SOLE	0	0	0	40,000
NEW SENIOR INVESTMENT GROUP	COMMON STOCK	648691103	383	41,863	SH		SOLE	0	0	0	41,863
NEW YORK REIT INC	COMMON STOCK	64976L109	173	22,000	SH		SOLE	0	0	0	22,000
O'REILLY AUTOMOTIVE INC	COMMON STOCK	67103H107	1,346	6,250	SH		SOLE	0	0	0	6,250
OMNICOM GROUP	COMMON STOCK	681919106	1,370	18,500	SH		SOLE	0	0	0	18,500
P G and E CORP	COMMON STOCK	69331C108	1,995	29,300	SH		SOLE	0	0	0	29,300
PARKWAY INC	COMMON STOCK	70156Q107	242	10,500	SH		SOLE	0	0	0	10,500
PAYCHEX INC	COMMON STOCK	704326107	1,541	25,700	SH		SOLE	0	0	0	25,700
PEPSICO INC	COMMON STOCK	713448108	3,231	29,000	SH		SOLE	0	0	0	29,000
PFIZER INC	COMMON STOCK	717081103	4,295	120,300	SH		SOLE	0	0	0	120,300
PHILIP MORRIS INTERNATIONAL	COMMON STOCK	718172109	3,730	33,600	SH		SOLE	0	0	0	33,600
PHYSICIANS REALTY TRUST	COMMON STOCK	71943U104	195	11,000	SH		SOLE	0	0	0	11,000
PPG INDUSTRIES INC	COMMON STOCK	693506107	1,923	17,700	SH		SOLE	0	0	0	17,700
PPL CORP	COMMON STOCK	69351T106	1,594	42,000	SH		SOLE	0	0	0	42,000
PROGRESSIVE CORP	COMMON STOCK	743315103	1,937	40,000	SH		SOLE	0	0	0	40,000
PROLOGIS INC	COMMON STOCK	74340W103	2,094	33,000	SH		SOLE	0	0	0	33,000
PUBLIC STORAGE	COMMON STOCK	74460D109	1,886	8,813	SH		SOLE	0	0	0	8,813
QTS REALTY TRUST INC-CL A	COMMON STOCK	74736A103	367	7,000	SH		SOLE	0	0	0	7,000
QUALITY CARE PROPERTIES	COMMON STOCK	747545101	164	10,601	SH		SOLE	0	0	0	10,601
RAMCO-GERSHENSON PROPERTIES	COMMON STOCK	751452202	717	55,100	SH		SOLE	0	0	0	55,100
RLJ LODGING TRUST	COMMON STOCK	74965L101	634	28,800	SH		SOLE	0	0	0	28,800
RMR GROUP INC/THE - A	COMMON STOCK	74967R106	143	2,782	SH		SOLE	0	0	0	2,782
ROCKWELL AUTOMATION INC	COMMON STOCK	773903109	1,960	11,000	SH		SOLE	0	0	0	11,000
ROSS STORES INC	COMMON STOCK	778296103	1,634	25,300	SH		SOLE	0	0	0	25,300
SandP GLOBAL INC	COMMON STOCK	78409V104	2,298	14,700	SH		SOLE	0	0	0	14,700
SABRA HEALTH CARE REIT INC	COMMON STOCK	78573L106	1,358	61,874	SH		SOLE	0	0	0	61,874
SCRIPPS NETWORKS INTER-CL A	COMMON STOCK	811065101	1,761	20,500	SH		SOLE	0	0	0	20,500
SEI INVESTMENTS COMPANY	COMMON STOCK	784117103	1,649	27,000	SH		SOLE	0	0	0	27,000
SELECT INCOME REIT	COMMON STOCK	81618T100	1,145	48,900	SH		SOLE	0	0	0	48,900
SENIOR HOUSING PROP TRUST	COMMON STOCK	81721M109	1,097	56,100	SH		SOLE	0	0	0	56,100
SHERWIN-WILLIAMS CO/THE	COMMON STOCK	824348106	2,112	5,900	SH		SOLE	0	0	0	5,900
SIMON PROPERTY GROUP INC	COMMON STOCK	828806109	4,429	27,506	SH		SOLE	0	0	0	27,506
SKYWORKS SOLUTIONS INC	COMMON STOCK	83088M102	1,702	16,700	SH		SOLE	0	0	0	16,700
SL GREEN REALTY CORP	COMMON STOCK	78440X101	735	7,257	SH		SOLE	0	0	0	7,257
SNAP-ON INC	COMMON STOCK	833034101	1,192	8,000	SH		SOLE	0	0	0	8,000
SOUTHERN CO/THE	COMMON STOCK	842587107	1,956	39,800	SH		SOLE	0	0	0	39,800
SOUTHWEST AIRLINES CO	COMMON STOCK	844741108	1,511	27,000	SH		SOLE	0	0	0	27,000
SPIRIT REALTY CAPITAL INC	COMMON STOCK	84860W102	326	38,000	SH		SOLE	0	0	0	38,000
STAG INDUSTRIAL INC	COMMON STOCK	85254J102	700	25,500	SH		SOLE	0	0	0	25,500
STANLEY BLACK and DECKER INC	COMMON STOCK	854502101	1,932	12,800	SH		SOLE	0	0	0	12,800
STARBUCKS CORP	COMMON STOCK	855244109	2,234	41,600	SH		SOLE	0	0	0	41,600
SUMMIT HOTEL PROPERTIES INC	COMMON STOCK	866082100	299	18,700	SH		SOLE	0	0	0	18,700
Starwood Waypoint Homes	COMMON STOCK	85572F105	218	6,000	SH		SOLE	0	0	0	6,000
TANGER FACTORY OUTLET CENTER	COMMON STOCK	875465106	769	31,500	SH		SOLE	0	0	0	31,500
TAUBMAN CENTERS INC	COMMON STOCK	876664103	298	6,000	SH		SOLE	0	0	0	6,000
TEXAS INSTRUMENTS INC	COMMON STOCK	882508104	2,680	29,900	SH		SOLE	0	0	0	29,900
TIER REIT INC	COMMON STOCK	88650V208	386	20,000	SH		SOLE	0	0	0	20,000
TIME WARNER INC	COMMON STOCK	887317303	2,602	25,400	SH		SOLE	0	0	0	25,400
TJX COMPANIES INC	COMMON STOCK	872540109	1,939	26,300	SH		SOLE	0	0	0	26,300
TORCHMARK CORP	COMMON STOCK	891027104	1,546	19,300	SH		SOLE	0	0	0	19,300
TRACTOR SUPPLY COMPANY	COMMON STOCK	892356106	1,228	19,400	SH		SOLE	0	0	0	19,400
TRAVELERS COS INC/THE	COMMON STOCK	89417E109	1,838	15,000	SH		SOLE	0	0	0	15,000
UDR INC	COMMON STOCK	902653104	552	14,519	SH		SOLE	0	0	0	14,519
UNION PACIFIC CORP	COMMON STOCK	907818108	2,551	22,000	SH		SOLE	0	0	0	22,000
UNITED PARCEL SERVICE-CL B	COMMON STOCK	911312106	2,432	20,250	SH		SOLE	0	0	0	20,250
UNITED TECHNOLOGIES CORP	COMMON STOCK	913017109	2,554	22,000	SH		SOLE	0	0	0	22,000
UNITEDHEALTH GROUP INC	COMMON STOCK	91324P102	3,995	20,400	SH		SOLE	0	0	0	20,400
URSTADT BIDDLE - CLASS A	COMMON STOCK	917286205	369	17,000	SH		SOLE	0	0	0	17,000
VENTAS INC	COMMON STOCK	92276F100	1,847	28,362	SH		SOLE	0	0	0	28,362
VEREIT INC	COMMON STOCK	92339V100	1,268	153,000	SH		SOLE	0	0	0	153,000
VERIZON COMMUNICATIONS INC	COMMON STOCK	92343V104	3,880	78,400	SH		SOLE	0	0	0	78,400
VISA INC-CLASS A SHARES	COMMON STOCK	92826C839	4,210	40,000	SH		SOLE	0	0	0	40,000
VMWARE INC-CLASS A	COMMON STOCK	928563402	1,813	16,600	SH		SOLE	0	0	0	16,600
VORNADO REALTY TRUST	COMMON STOCK	929042109	864	11,237	SH		SOLE	0	0	0	11,237
WALT DISNEY CO/THE	COMMON STOCK	254687106	3,135	31,800	SH		SOLE	0	0	0	31,800
WASHINGTON REIT	COMMON STOCK	939653101	197	6,000	SH		SOLE	0	0	0	6,000
WEINGARTEN REALTY INVESTORS	COMMON STOCK	948741103	550	17,314	SH		SOLE	0	0	0	17,314
WELLTOWER INC	COMMON STOCK	95040Q104	1,564	22,247	SH		SOLE	0	0	0	22,247
WYNDHAM WORLDWIDE CORP	COMMON STOCK	98310W108	1,687	16,000	SH		SOLE	0	0	0	16,000
XILINX INC	COMMON STOCK	983919101	1,842	26,000	SH		SOLE	0	0	0	26,000
YUM! BRANDS INC	COMMON STOCK	988498101	1,870	25,400	SH		SOLE	0	0	0	25,400