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	2,496	14,400	SH		SOLE	0	0	0	14,400
A SITE CENTER REIT	COMMON STOCK	23317H854	291	22,000	SH		SOLE	0	0	0	22,000
ABBVIE INC	COMMON STOCK	00287Y109	2,654	36,500	SH		SOLE	0	0	0	36,500
AFLAC INC	COMMON STOCK	001055102	1,968	35,900	SH		SOLE	0	0	0	35,900
AGNC INVESTMENT CORP	COMMON STOCK	00123Q104	1,379	82,000	SH		SOLE	0	0	0	82,000
ALEXANDRIA REAL ESTATE EQUIT	COMMON STOCK	015271109	1,206	8,550	SH		SOLE	0	0	0	8,550
ALLEGHANY CORP	COMMON STOCK	017175100	1,567	2,300	SH		SOLE	0	0	0	2,300
ALLSTATE CORP	COMMON STOCK	020002101	1,993	19,600	SH		SOLE	0	0	0	19,600
AMERICAN CAMPUS COMMUNITIES	COMMON STOCK	024835100	1,016	22,000	SH		SOLE	0	0	0	22,000
AMERICAN FINANCIAL GROUP INC	COMMON STOCK	025932104	1,435	14,000	SH		SOLE	0	0	0	14,000
AMERICAN HOMES 4 RENT- A	COMMON STOCK	02665T306	778	32,000	SH		SOLE	0	0	0	32,000
AMERIPRISE FINANCIAL INC	COMMON STOCK	03076C106	1,931	13,300	SH		SOLE	0	0	0	13,300
AMGEN INC	COMMON STOCK	031162100	2,672	14,500	SH		SOLE	0	0	0	14,500
ANNALY CAPITAL MANAGEMENT IN	COMMON STOCK	035710409	1,506	165,000	SH		SOLE	0	0	0	165,000
ANTHEM INC	COMMON STOCK	036752103	2,159	7,650	SH		SOLE	0	0	0	7,650
APARTMENT INVT and MGMT CO -A	COMMON STOCK	03748R754	1,028	20,509	SH		SOLE	0	0	0	20,509
APPLE HOSPITALITY REIT INC	COMMON STOCK	03784Y200	206	13,000	SH		SOLE	0	0	0	13,000
APPLE INC	COMMON STOCK	037833100	8,069	40,770	SH		SOLE	0	0	0	40,770
ARMADA HOFFLER PROPERTIES IN	COMMON STOCK	04208T108	217	13,101	SH		SOLE	0	0	0	13,101
AUTOMATIC DATA PROCESSING	COMMON STOCK	053015103	2,397	14,500	SH		SOLE	0	0	0	14,500
AUTOZONE INC	COMMON STOCK	053332102	1,869	1,700	SH		SOLE	0	0	0	1,700
AVALONBAY COMMUNITIES INC	COMMON STOCK	053484101	2,093	10,302	SH		SOLE	0	0	0	10,302
AVERY DENNISON CORP	COMMON STOCK	053611109	1,724	14,900	SH		SOLE	0	0	0	14,900
BAXTER INTERNATIONAL INC	COMMON STOCK	071813109	1,966	24,000	SH		SOLE	0	0	0	24,000
BEST BUY CO INC	COMMON STOCK	086516101	1,667	23,900	SH		SOLE	0	0	0	23,900
BIOGEN INC	COMMON STOCK	09062X103	1,754	7,500	SH		SOLE	0	0	0	7,500
BOOKING HOLDINGS INC	COMMON STOCK	741503403	2,437	1,300	SH		SOLE	0	0	0	1,300
BOSTON PROPERTIES INC	COMMON STOCK	101121101	750	5,814	SH		SOLE	0	0	0	5,814
BRANDYWINE REALTY TRUST	COMMON STOCK	105368203	1,024	71,500	SH		SOLE	0	0	0	71,500
BRISTOL-MYERS SQUIBB CO	COMMON STOCK	110122108	2,131	47,000	SH		SOLE	0	0	0	47,000
BRIXMOR PROPERTY GROUP INC	COMMON STOCK	11120U105	746	41,711	SH		SOLE	0	0	0	41,711
BROADRIDGE FINANCIAL SOLUTIO	COMMON STOCK	11133T103	1,877	14,700	SH		SOLE	0	0	0	14,700
C.H. ROBINSON WORLDWIDE INC	COMMON STOCK	12541W209	1,350	16,000	SH		SOLE	0	0	0	16,000
CAMDEN PROPERTY TRUST	COMMON STOCK	133131102	1,277	12,231	SH		SOLE	0	0	0	12,231
CBL and ASSOCIATES PROPERTIES	COMMON STOCK	124830100	33	32,000	SH		SOLE	0	0	0	32,000
CDK GLOBAL INC	COMMON STOCK	12508E101	1,332	26,950	SH		SOLE	0	0	0	26,950
CDW CORP/DE	COMMON STOCK	12514G108	1,856	16,725	SH		SOLE	0	0	0	16,725
CELANESE CORP-SERIES A	COMMON STOCK	150870103	1,671	15,500	SH		SOLE	0	0	0	15,500
CELGENE CORP	COMMON STOCK	151020104	2,126	23,000	SH		SOLE	0	0	0	23,000
CENTERPOINT ENERGY INC	COMMON STOCK	15189T107	1,489	52,000	SH		SOLE	0	0	0	52,000
CERNER CORP	COMMON STOCK	156782104	1,613	22,000	SH		SOLE	0	0	0	22,000
CHATHAM LODGING TRUST	COMMON STOCK	16208T102	170	9,000	SH		SOLE	0	0	0	9,000
CHESAPEAKE LODGING TRUST	COMMON STOCK	165240102	412	14,500	SH		SOLE	0	0	0	14,500
CINTAS CORP	COMMON STOCK	172908105	1,851	7,800	SH		SOLE	0	0	0	7,800
CISCO SYSTEMS INC	COMMON STOCK	17275R102	3,941	72,000	SH		SOLE	0	0	0	72,000
CITRIX SYSTEMS INC	COMMON STOCK	177376100	1,472	15,000	SH		SOLE	0	0	0	15,000
CLOROX COMPANY	COMMON STOCK	189054109	1,608	10,500	SH		SOLE	0	0	0	10,500
COLUMBIA PROPERTY TRUST INC	COMMON STOCK	198287203	622	30,000	SH		SOLE	0	0	0	30,000
CORPORATE OFFICE PROPERTIES	COMMON STOCK	22002T108	883	33,500	SH		SOLE	0	0	0	33,500
COUSINS PROPERTIES INC	COMMON STOCK	222795502	1,299	35,900	SH		SOLE	0	0	0	35,900
CSX CORP	COMMON STOCK	126408103	2,321	30,000	SH		SOLE	0	0	0	30,000
CUBESMART	COMMON STOCK	229663109	736	22,000	SH		SOLE	0	0	0	22,000
CYRUSONE INC	COMMON STOCK	23283R100	993	17,200	SH		SOLE	0	0	0	17,200
Colony Capital Inc	COMMON STOCK	19625W104	636	127,286	SH		SOLE	0	0	0	127,286
DARDEN RESTAURANTS INC	COMMON STOCK	237194105	1,680	13,800	SH		SOLE	0	0	0	13,800
DIAMONDROCK HOSPITALITY CO	COMMON STOCK	252784301	155	15,000	SH		SOLE	0	0	0	15,000
DIGITAL REALTY TRUST INC	COMMON STOCK	253868103	1,702	14,447	SH		SOLE	0	0	0	14,447
DOLLAR GENERAL CORP	COMMON STOCK	256677105	1,987	14,700	SH		SOLE	0	0	0	14,700
DOMINION ENERGY INC	COMMON STOCK	25746U109	2,088	27,000	SH		SOLE	0	0	0	27,000
DUKE REALTY CORP	COMMON STOCK	264411505	496	15,707	SH		SOLE	0	0	0	15,707
EASTGROUP PROPERTIES INC	COMMON STOCK	277276101	362	3,122	SH		SOLE	0	0	0	3,122
EBAY INC	COMMON STOCK	278642103	1,857	47,000	SH		SOLE	0	0	0	47,000
ELI LILLY and CO	COMMON STOCK	532457108	2,382	21,500	SH		SOLE	0	0	0	21,500
EMERSON ELECTRIC CO	COMMON STOCK	291011104	1,895	28,400	SH		SOLE	0	0	0	28,400
EMPIRE STATE REALTY TRUST-A	COMMON STOCK	292104106	252	17,000	SH		SOLE	0	0	0	17,000
EPR PROPERTIES	COMMON STOCK	26884U109	1,119	15,000	SH		SOLE	0	0	0	15,000
EQUITY RESIDENTIAL	COMMON STOCK	29476L107	1,819	23,953	SH		SOLE	0	0	0	23,953
ESSEX PROPERTY TRUST INC	COMMON STOCK	297178105	876	3,000	SH		SOLE	0	0	0	3,000
ETRADE FINANCIAL CORP	COMMON STOCK	269246401	1,472	33,000	SH		SOLE	0	0	0	33,000
EXELON CORP	COMMON STOCK	30161N101	1,918	40,000	SH		SOLE	0	0	0	40,000
EXPEDITORS INTL WASH INC	COMMON STOCK	302130109	1,578	20,800	SH		SOLE	0	0	0	20,800
EXXON MOBIL CORP	COMMON STOCK	30231G102	4,981	65,000	SH		SOLE	0	0	0	65,000
F5 NETWORKS INC	COMMON STOCK	315616102	1,354	9,300	SH		SOLE	0	0	0	9,300
FARMLAND PARTNERS INC	COMMON STOCK	31154R109	120	17,000	SH		SOLE	0	0	0	17,000
FASTENAL CO	COMMON STOCK	311900104	1,662	51,000	SH		SOLE	0	0	0	51,000
FIRSTENERGY CORP	COMMON STOCK	337932107	1,712	40,000	SH		SOLE	0	0	0	40,000
FRANKLIN STREET PROPERTIES C	COMMON STOCK	35471R106	148	20,000	SH		SOLE	0	0	0	20,000
GAMING AND LEISURE PROPERTIE	COMMON STOCK	36467J108	1,189	30,500	SH		SOLE	0	0	0	30,500
GLOBAL NET LEASE INC	COMMON STOCK	379378201	588	29,992	SH		SOLE	0	0	0	29,992
HARTFORD FINANCIAL SVCS GRP	COMMON STOCK	416515104	1,616	29,000	SH		SOLE	0	0	0	29,000
HCP INC	COMMON STOCK	40414L109	1,375	43,007	SH		SOLE	0	0	0	43,007
HEALTHCARE REALTY TRUST INC	COMMON STOCK	421946104	128	4,082	SH		SOLE	0	0	0	4,082
HEALTHCARE TRUST OF AME-CL A	COMMON STOCK	42225P501	905	33,000	SH		SOLE	0	0	0	33,000
HERSHA HOSPITALITY TRUST	COMMON STOCK	427825500	132	8,000	SH		SOLE	0	0	0	8,000
HERSHEY CO/THE	COMMON STOCK	427866108	1,957	14,600	SH		SOLE	0	0	0	14,600
HIGHWOODS PROPERTIES INC	COMMON STOCK	431284108	698	16,898	SH		SOLE	0	0	0	16,898
HILTON WORLDWIDE HOLDINGS IN	COMMON STOCK	43300A203	1,759	18,000	SH		SOLE	0	0	0	18,000
HOME DEPOT INC	COMMON STOCK	437076102	4,035	19,400	SH		SOLE	0	0	0	19,400
HOSPITALITY PROPERTIES TRUST	COMMON STOCK	44106M102	682	27,266	SH		SOLE	0	0	0	27,266
HOST HOTELS and RESORTS INC	COMMON STOCK	44107P104	1,227	67,343	SH		SOLE	0	0	0	67,343
HUDSON PACIFIC PROPERTIES IN	COMMON STOCK	444097109	782	23,500	SH		SOLE	0	0	0	23,500
HUMANA INC	COMMON STOCK	444859102	1,778	6,700	SH		SOLE	0	0	0	6,700
IDEX CORP	COMMON STOCK	45167R104	1,842	10,700	SH		SOLE	0	0	0	10,700
ILLINOIS TOOL WORKS	COMMON STOCK	452308109	2,051	13,600	SH		SOLE	0	0	0	13,600
INDUSTRIAL LOGISTICS PROPERT	COMMON STOCK	456237106	1,282	61,572	SH		SOLE	0	0	0	61,572
INGERSOLL-RAND PLC	COMMON STOCK	000000000	2,128	16,800	SH		SOLE	0	0	0	16,800
INTL BUSINESS MACHINES CORP	COMMON STOCK	459200101	2,661	19,300	SH		SOLE	0	0	0	19,300
INTUIT INC	COMMON STOCK	461202103	2,241	8,575	SH		SOLE	0	0	0	8,575
INVITATION HOMES INC	COMMON STOCK	46187W107	259	9,684	SH		SOLE	0	0	0	9,684
IRON MOUNTAIN INC	COMMON STOCK	46284V101	1,017	32,500	SH		SOLE	0	0	0	32,500
KENNEDY-WILSON HOLDINGS INC	COMMON STOCK	489398107	278	13,509	SH		SOLE	0	0	0	13,509
KILROY REALTY CORP	COMMON STOCK	49427F108	295	4,000	SH		SOLE	0	0	0	4,000
KIMBERLY-CLARK CORP	COMMON STOCK	494368103	2,212	16,600	SH		SOLE	0	0	0	16,600
KIMCO REALTY CORP	COMMON STOCK	49446R109	375	20,295	SH		SOLE	0	0	0	20,295
KITE REALTY GROUP TRUST	COMMON STOCK	49803T300	384	25,400	SH		SOLE	0	0	0	25,400
KLA-TENCOR CORP	COMMON STOCK	482480100	1,596	13,500	SH		SOLE	0	0	0	13,500
LEAR CORP	COMMON STOCK	521865204	1,671	12,000	SH		SOLE	0	0	0	12,000
LENNOX INTERNATIONAL INC	COMMON STOCK	526107107	1,815	6,600	SH		SOLE	0	0	0	6,600
LEXINGTON REALTY TRUST	COMMON STOCK	529043101	527	56,000	SH		SOLE	0	0	0	56,000
LIBERTY PROPERTY TRUST	COMMON STOCK	531172104	1,150	22,984	SH		SOLE	0	0	0	22,984
LOEWS CORP	COMMON STOCK	540424108	1,733	31,700	SH		SOLE	0	0	0	31,700
LOWE'S COS INC	COMMON STOCK	548661107	2,351	23,300	SH		SOLE	0	0	0	23,300
Life Storage Inc	COMMON STOCK	53223X107	475	5,000	SH		SOLE	0	0	0	5,000
MACERICH CO/THE	COMMON STOCK	554382101	277	8,266	SH		SOLE	0	0	0	8,266
MACK-CALI REALTY CORP	COMMON STOCK	554489104	652	28,000	SH		SOLE	0	0	0	28,000
MANPOWERGROUP INC	COMMON STOCK	56418H100	1,546	16,000	SH		SOLE	0	0	0	16,000
MARSH and MCLENNAN COS	COMMON STOCK	571748102	2,165	21,700	SH		SOLE	0	0	0	21,700
MASCO CORP	COMMON STOCK	574599106	1,852	47,200	SH		SOLE	0	0	0	47,200
MASTERCARD INC - A	COMMON STOCK	57636Q104	4,338	16,400	SH		SOLE	0	0	0	16,400
MCDONALD'S CORP	COMMON STOCK	580135101	3,260	15,700	SH		SOLE	0	0	0	15,700
MEDICAL PROPERTIES TRUST INC	COMMON STOCK	58463J304	907	52,000	SH		SOLE	0	0	0	52,000
MERCK and CO. INC.	COMMON STOCK	58933Y105	3,941	47,000	SH		SOLE	0	0	0	47,000
METTLER-TOLEDO INTERNATIONAL	COMMON STOCK	592688105	1,907	2,270	SH		SOLE	0	0	0	2,270
MICROSOFT CORP	COMMON STOCK	594918104	8,157	60,890	SH		SOLE	0	0	0	60,890
MID-AMERICA APARTMENT COMM	COMMON STOCK	59522J103	1,596	13,550	SH		SOLE	0	0	0	13,550
MONMOUTH REAL ESTATE INV COR	COMMON STOCK	609720107	705	52,000	SH		SOLE	0	0	0	52,000
MONSTER BEVERAGE CORP	COMMON STOCK	61174X109	1,691	26,500	SH		SOLE	0	0	0	26,500
MOTOROLA SOLUTIONS INC	COMMON STOCK	620076307	1,834	11,000	SH		SOLE	0	0	0	11,000
MSCI INC	COMMON STOCK	55354G100	1,672	7,000	SH		SOLE	0	0	0	7,000
NATL HEALTH INVESTORS INC	COMMON STOCK	63633D104	741	9,500	SH		SOLE	0	0	0	9,500
NETAPP INC	COMMON STOCK	64110D104	1,481	24,000	SH		SOLE	0	0	0	24,000
NEW SENIOR INVESTMENT GROUP	COMMON STOCK	648691103	113	16,863	SH		SOLE	0	0	0	16,863
NEW YORK REIT INC liquidation shs	COMMON STOCK	64976L208	0	2,200	SH		SOLE	0	0	0	2,200
NORTHERN TRUST CORP	COMMON STOCK	665859104	1,620	18,000	SH		SOLE	0	0	0	18,000
O'REILLY AUTOMOTIVE INC	COMMON STOCK	67103H107	1,773	4,800	SH		SOLE	0	0	0	4,800
OFFICE PROPERTIES INCOME TRUST	COMMON STOCK	67623C109	334	12,714	SH		SOLE	0	0	0	12,714
OMEGA HEALTHCARE INVESTORS	COMMON STOCK	681936100	735	20,000	SH		SOLE	0	0	0	20,000
OMNICOM GROUP	COMMON STOCK	681919106	1,696	20,700	SH		SOLE	0	0	0	20,700
PAYCHEX INC	COMMON STOCK	704326107	1,782	21,650	SH		SOLE	0	0	0	21,650
PEBBLEBROOK HOTEL TRUST	COMMON STOCK	70509V100	348	12,355	SH		SOLE	0	0	0	12,355
PEOPLE'S UNITED FINANCIAL	COMMON STOCK	712704105	1,510	90,000	SH		SOLE	0	0	0	90,000
PEPSICO INC	COMMON STOCK	713448108	3,632	27,700	SH		SOLE	0	0	0	27,700
PFIZER INC	COMMON STOCK	717081103	4,185	96,600	SH		SOLE	0	0	0	96,600
PHYSICIANS REALTY TRUST	COMMON STOCK	71943U104	767	44,000	SH		SOLE	0	0	0	44,000
PPG INDUSTRIES INC	COMMON STOCK	693506107	1,867	16,000	SH		SOLE	0	0	0	16,000
PPL CORP	COMMON STOCK	69351T106	1,634	52,700	SH		SOLE	0	0	0	52,700
PREFERRED APARTMENT COMMUN-A	COMMON STOCK	74039L103	449	30,000	SH		SOLE	0	0	0	30,000
PROLOGIS INC	COMMON STOCK	74340W103	2,898	36,183	SH		SOLE	0	0	0	36,183
PUBLIC STORAGE	COMMON STOCK	74460D109	2,099	8,813	SH		SOLE	0	0	0	8,813
QTS REALTY TRUST INC-CL A	COMMON STOCK	74736A103	369	8,000	SH		SOLE	0	0	0	8,000
RALPH LAUREN CORP	COMMON STOCK	751212101	1,477	13,000	SH		SOLE	0	0	0	13,000
REGENCY CENTERS CORP	COMMON STOCK	758849103	1,502	22,500	SH		SOLE	0	0	0	22,500
REINSURANCE GROUP OF AMERICA	COMMON STOCK	759351604	1,560	10,000	SH		SOLE	0	0	0	10,000
RETAIL VALUE INC	COMMON STOCK	76133Q102	3	99	SH		SOLE	0	0	0	99
RLJ LODGING TRUST	COMMON STOCK	74965L101	511	28,800	SH		SOLE	0	0	0	28,800
RMR GROUP INC/THE - A	COMMON STOCK	74967R106	50	1,069	SH		SOLE	0	0	0	1,069
ROBERT HALF INTL INC	COMMON STOCK	770323103	1,477	25,900	SH		SOLE	0	0	0	25,900
ROCKWELL AUTOMATION INC	COMMON STOCK	773903109	1,540	9,400	SH		SOLE	0	0	0	9,400
ROSS STORES INC	COMMON STOCK	778296103	1,863	18,800	SH		SOLE	0	0	0	18,800
RPT REALTY	COMMON STOCK	74971D101	304	25,100	SH		SOLE	0	0	0	25,100
SandP GLOBAL INC	COMMON STOCK	78409V104	2,210	9,700	SH		SOLE	0	0	0	9,700
SABRA HEALTH CARE REIT INC	COMMON STOCK	78573L106	1,021	51,874	SH		SOLE	0	0	0	51,874
SEI INVESTMENTS COMPANY	COMMON STOCK	784117103	1,571	28,000	SH		SOLE	0	0	0	28,000
SENIOR HOUSING PROP TRUST	COMMON STOCK	81721M109	629	76,100	SH		SOLE	0	0	0	76,100
SHERWIN-WILLIAMS CO/THE	COMMON STOCK	824348106	1,879	4,100	SH		SOLE	0	0	0	4,100
SIMON PROPERTY GROUP INC	COMMON STOCK	828806109	3,915	24,506	SH		SOLE	0	0	0	24,506
SIMON PROPERTY GROUP INC	COMMON STOCK	828806109	1,917	12,000	SH		SOLE	0	0	0	12,000
SKYWORKS SOLUTIONS INC	COMMON STOCK	83088M102	1,406	18,200	SH		SOLE	0	0	0	18,200
SL GREEN REALTY CORP	COMMON STOCK	78440X101	583	7,257	SH		SOLE	0	0	0	7,257
SL GREEN REALTY CORP	COMMON STOCK	78440X101	1,455	18,100	SH		SOLE	0	0	0	18,100
SMITH (A.O.) CORP	COMMON STOCK	831865209	1,504	31,900	SH		SOLE	0	0	0	31,900
SNAP-ON INC	COMMON STOCK	833034101	1,491	9,000	SH		SOLE	0	0	0	9,000
SOUTHERN CO/THE	COMMON STOCK	842587107	2,184	39,500	SH		SOLE	0	0	0	39,500
SPIRIT REALTY CAPITAL INC	COMMON STOCK	84860W300	657	15,400	SH		SOLE	0	0	0	15,400
STAG INDUSTRIAL INC	COMMON STOCK	85254J102	771	25,500	SH		SOLE	0	0	0	25,500
STARBUCKS CORP	COMMON STOCK	855244109	2,808	33,500	SH		SOLE	0	0	0	33,500
STORE CAPITAL CORP	COMMON STOCK	862121100	697	21,000	SH		SOLE	0	0	0	21,000
STRYKER CORP	COMMON STOCK	863667101	2,344	11,400	SH		SOLE	0	0	0	11,400
SUMMIT HOTEL PROPERTIES INC	COMMON STOCK	866082100	214	18,700	SH		SOLE	0	0	0	18,700
SUNSTONE HOTEL INVESTORS INC	COMMON STOCK	867892101	178	13,000	SH		SOLE	0	0	0	13,000
SYSCO CORP	COMMON STOCK	871829107	1,747	24,700	SH		SOLE	0	0	0	24,700
TANGER FACTORY OUTLET CENTER	COMMON STOCK	875465106	462	28,500	SH		SOLE	0	0	0	28,500
TARGET CORP	COMMON STOCK	87612E106	1,905	22,000	SH		SOLE	0	0	0	22,000
TAUBMAN CENTERS INC	COMMON STOCK	876664103	245	6,000	SH		SOLE	0	0	0	6,000
TEXAS INSTRUMENTS INC	COMMON STOCK	882508104	2,685	23,400	SH		SOLE	0	0	0	23,400
TJX COMPANIES INC	COMMON STOCK	872540109	2,168	41,000	SH		SOLE	0	0	0	41,000
TORCHMARK CORP	COMMON STOCK	891027104	1,628	18,200	SH		SOLE	0	0	0	18,200
TRACTOR SUPPLY COMPANY	COMMON STOCK	892356106	1,795	16,500	SH		SOLE	0	0	0	16,500
TRAVELERS COS INC/THE	COMMON STOCK	89417E109	2,078	13,900	SH		SOLE	0	0	0	13,900
UDR INC	COMMON STOCK	902653104	1,011	22,519	SH		SOLE	0	0	0	22,519
UMH PROPERTIES INC	COMMON STOCK	903002103	459	37,000	SH		SOLE	0	0	0	37,000
UNITEDHEALTH GROUP INC	COMMON STOCK	91324P102	3,953	16,200	SH		SOLE	0	0	0	16,200
UNITI GROUP INC	COMMON STOCK	91325V108	152	16,000	SH		SOLE	0	0	0	16,000
URSTADT BIDDLE - CLASS A	COMMON STOCK	917286205	357	17,000	SH		SOLE	0	0	0	17,000
US BANCORP	COMMON STOCK	902973304	2,222	42,400	SH		SOLE	0	0	0	42,400
VENTAS INC	COMMON STOCK	92276F100	1,709	25,000	SH		SOLE	0	0	0	25,000
VENTAS INC	COMMON STOCK	92276F100	1,939	28,362	SH		SOLE	0	0	0	28,362
VEREIT INC	COMMON STOCK	92339V100	1,352	150,000	SH		SOLE	0	0	0	150,000
VEREIT INC	COMMON STOCK	92339V100	1,469	163,000	SH		SOLE	0	0	0	163,000
VERIZON COMMUNICATIONS INC	COMMON STOCK	92343V104	4,085	71,500	SH		SOLE	0	0	0	71,500
VISA INC-CLASS A SHARES	COMMON STOCK	92826C839	4,755	27,400	SH		SOLE	0	0	0	27,400
VORNADO REALTY TRUST	COMMON STOCK	929042109	720	11,237	SH		SOLE	0	0	0	11,237
VORNADO REALTY TRUST	COMMON STOCK	929042109	1,410	22,000	SH		SOLE	0	0	0	22,000
WASHINGTON REIT	COMMON STOCK	939653101	160	6,000	SH		SOLE	0	0	0	6,000
WASTE MANAGEMENT INC	COMMON STOCK	94106L109	2,227	19,300	SH		SOLE	0	0	0	19,300
WATERS CORP	COMMON STOCK	941848103	1,399	6,500	SH		SOLE	0	0	0	6,500
WEINGARTEN REALTY INVESTORS	COMMON STOCK	948741103	283	10,314	SH		SOLE	0	0	0	10,314
WELLTOWER INC	COMMON STOCK	95040Q104	1,977	24,247	SH		SOLE	0	0	0	24,247
WESTERN UNION CO	COMMON STOCK	959802109	1,482	74,500	SH		SOLE	0	0	0	74,500
WW GRAINGER INC	COMMON STOCK	384802104	1,368	5,100	SH		SOLE	0	0	0	5,100
YUM! BRANDS INC	COMMON STOCK	988498101	1,970	17,800	SH		SOLE	0	0	0	17,800
ZOETIS INC	COMMON STOCK	98978V103	2,406	21,200	SH		SOLE	0	0	0	21,200