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	3,158	15,900	SH		SOLE	0	0	0	15,900
ABBVIE INC	COMMON STOCK	00287Y109	3,999	35,500	SH		SOLE	0	0	0	35,500
AGNC INVESTMENT CORP	COMMON STOCK	00123Q104	1,892	112,000	SH		SOLE	0	0	0	112,000
ALEXANDRIA REAL ESTATE EQUIT	COMMON STOCK	015271109	1,919	10,550	SH		SOLE	0	0	0	10,550
ALLSTATE CORP	COMMON STOCK	020002101	2,426	18,600	SH		SOLE	0	0	0	18,600
ALTRIA GROUP INC	COMMON STOCK	02209S103	2,861	60,000	SH		SOLE	0	0	0	60,000
AMERICAN CAMPUS COMMUNITIES	COMMON STOCK	024835100	668	14,300	SH		SOLE	0	0	0	14,300
AMERICAN HOMES 4 RENT- A	COMMON STOCK	02665T306	1,476	38,000	SH		SOLE	0	0	0	38,000
AMERIPRISE FINANCIAL INC	COMMON STOCK	03076C106	2,514	10,100	SH		SOLE	0	0	0	10,100
AMGEN INC	COMMON STOCK	031162100	3,242	13,300	SH		SOLE	0	0	0	13,300
ANNALY CAPITAL MANAGEMENT IN	COMMON STOCK	035710409	1,909	215,000	SH		SOLE	0	0	0	215,000
ANTHEM INC	COMMON STOCK	036752103	3,303	8,650	SH		SOLE	0	0	0	8,650
APARTMENT INCOME REIT CO-W/I	COMMON STOCK	03750L109	1,027	21,657	SH		SOLE	0	0	0	21,657
APARTMENT INVT and MGMT CO -A	COMMON STOCK	03748R747	185	27,557	SH		SOLE	0	0	0	27,557
APPLE HOSPITALITY REIT INC	COMMON STOCK	03784Y200	198	13,000	SH		SOLE	0	0	0	13,000
APPLE INC	COMMON STOCK	037833100	17,843	130,280	SH		SOLE	0	0	0	130,280
APPLIED MATERIALS INC	COMMON STOCK	038222105	3,845	27,000	SH		SOLE	0	0	0	27,000
ARCHER-DANIELS-MIDLAND CO	COMMON STOCK	039483102	2,424	40,000	SH		SOLE	0	0	0	40,000
ARMADA HOFFLER PROPERTIES IN	COMMON STOCK	04208T108	174	13,101	SH		SOLE	0	0	0	13,101
ATandT INC	COMMON STOCK	00206R102	3,799	132,000	SH		SOLE	0	0	0	132,000
ATMOS ENERGY CORP	COMMON STOCK	049560105	1,922	20,000	SH		SOLE	0	0	0	20,000
AUTOMATIC DATA PROCESSING	COMMON STOCK	053015103	2,979	15,000	SH		SOLE	0	0	0	15,000
AUTOZONE INC	COMMON STOCK	053332102	2,611	1,750	SH		SOLE	0	0	0	1,750
AVALONBAY COMMUNITIES INC	COMMON STOCK	053484101	2,964	14,202	SH		SOLE	0	0	0	14,202
AVERY DENNISON CORP	COMMON STOCK	053611109	2,607	12,400	SH		SOLE	0	0	0	12,400
BAXTER INTERNATIONAL INC	COMMON STOCK	071813109	2,174	27,000	SH		SOLE	0	0	0	27,000
BECTON DICKINSON AND CO	COMMON STOCK	075887109	2,553	10,500	SH		SOLE	0	0	0	10,500
BERKSHIRE HATHAWAY INC-CL B	COMMON STOCK	084670702	6,114	22,000	SH		SOLE	0	0	0	22,000
BEST BUY CO INC	COMMON STOCK	086516101	2,104	18,300	SH		SOLE	0	0	0	18,300
BIOGEN INC	COMMON STOCK	09062X103	2,909	8,400	SH		SOLE	0	0	0	8,400
BLACKROCK INC	COMMON STOCK	09247X101	3,500	4,000	SH		SOLE	0	0	0	4,000
BOOZ ALLEN HAMILTON HOLDINGS	COMMON STOCK	099502106	2,002	23,500	SH		SOLE	0	0	0	23,500
BOSTON PROPERTIES INC	COMMON STOCK	101121101	781	6,814	SH		SOLE	0	0	0	6,814
BRANDYWINE REALTY TRUST	COMMON STOCK	105368203	980	71,500	SH		SOLE	0	0	0	71,500
BRISTOL-MYERS SQUIBB CO	COMMON STOCK	110122108	3,475	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	1,424	62,211	SH		SOLE	0	0	0	62,211
CAMDEN PROPERTY TRUST	COMMON STOCK	133131102	1,676	12,631	SH		SOLE	0	0	0	12,631
CAMPBELL SOUP CO	COMMON STOCK	134429109	1,824	40,000	SH		SOLE	0	0	0	40,000
CDW CORP/DE	COMMON STOCK	12514G108	2,572	14,725	SH		SOLE	0	0	0	14,725
CENTERSPACE	COMMON STOCK	15202L107	633	8,019	SH		SOLE	0	0	0	8,019
CERNER CORP	COMMON STOCK	156782104	2,188	28,000	SH		SOLE	0	0	0	28,000
CHATHAM LODGING TRUST	COMMON STOCK	16208T102	116	9,000	SH		SOLE	0	0	0	9,000
CHURCH and DWIGHT CO INC	COMMON STOCK	171340102	2,045	24,000	SH		SOLE	0	0	0	24,000
CISCO SYSTEMS INC	COMMON STOCK	17275R102	4,373	82,500	SH		SOLE	0	0	0	82,500
CITRIX SYSTEMS INC	COMMON STOCK	177376100	1,642	14,000	SH		SOLE	0	0	0	14,000
CLOROX COMPANY	COMMON STOCK	189054109	1,889	10,500	SH		SOLE	0	0	0	10,500
COGNIZANT TECH SOLUTIONS-A	COMMON STOCK	192446102	1,939	28,000	SH		SOLE	0	0	0	28,000
COLGATE-PALMOLIVE CO	COMMON STOCK	194162103	2,563	31,500	SH		SOLE	0	0	0	31,500
COLUMBIA PROPERTY TRUST INC	COMMON STOCK	198287203	522	30,000	SH		SOLE	0	0	0	30,000
COMCAST CORP-CLASS A	COMMON STOCK	20030N101	4,676	82,000	SH		SOLE	0	0	0	82,000
CONSOLIDATED EDISON INC	COMMON STOCK	209115104	2,008	28,000	SH		SOLE	0	0	0	28,000
CORESITE REALTY CORP	COMMON STOCK	21870Q105	1,036	7,700	SH		SOLE	0	0	0	7,700
CORPORATE OFFICE PROPERTIES	COMMON STOCK	22002T108	434	15,500	SH		SOLE	0	0	0	15,500
COUSINS PROPERTIES INC	COMMON STOCK	222795502	1,431	38,900	SH		SOLE	0	0	0	38,900
CUBESMART	COMMON STOCK	229663109	1,575	34,000	SH		SOLE	0	0	0	34,000
CUMMINS INC	COMMON STOCK	231021106	2,194	9,000	SH		SOLE	0	0	0	9,000
CYRUSONE INC	COMMON STOCK	23283R100	1,674	23,400	SH		SOLE	0	0	0	23,400
DIGITAL REALTY TRUST INC	COMMON STOCK	253868103	3,453	22,947	SH		SOLE	0	0	0	22,947
DOLLAR GENERAL CORP	COMMON STOCK	256677105	2,532	11,700	SH		SOLE	0	0	0	11,700
DOMINION ENERGY INC	COMMON STOCK	25746U109	2,428	33,000	SH		SOLE	0	0	0	33,000
DOUGLAS EMMETT INC	COMMON STOCK	25960P109	303	9,000	SH		SOLE	0	0	0	9,000
DUKE REALTY CORP	COMMON STOCK	264411505	1,265	26,707	SH		SOLE	0	0	0	26,707
DigitalBridge Group Inc	COMMON STOCK	25401T108	468	59,286	SH		SOLE	0	0	0	59,286
Diversified Healthcare Trust	COMMON STOCK	25525P107	598	143,100	SH		SOLE	0	0	0	143,100
EASTGROUP PROPERTIES INC	COMMON STOCK	277276101	69	422	SH		SOLE	0	0	0	422
EBAY INC	COMMON STOCK	278642103	3,019	43,000	SH		SOLE	0	0	0	43,000
ELECTRONIC ARTS INC	COMMON STOCK	285512109	2,301	16,000	SH		SOLE	0	0	0	16,000
ELI LILLY and CO	COMMON STOCK	532457108	4,361	19,000	SH		SOLE	0	0	0	19,000
EMPIRE STATE REALTY TRUST-A	COMMON STOCK	292104106	348	29,000	SH		SOLE	0	0	0	29,000
EPR PROPERTIES	COMMON STOCK	26884U109	332	6,300	SH		SOLE	0	0	0	6,300
EQUINIX INC	COMMON STOCK	29444U700	3,363	4,190	SH		SOLE	0	0	0	4,190
EQUITY RESIDENTIAL	COMMON STOCK	29476L107	2,568	33,353	SH		SOLE	0	0	0	33,353
ESSENTIAL PROPERTIES REALTY	COMMON STOCK	29670E107	649	24,000	SH		SOLE	0	0	0	24,000
ESSEX PROPERTY TRUST INC	COMMON STOCK	297178105	2,130	7,100	SH		SOLE	0	0	0	7,100
EXELON CORP	COMMON STOCK	30161N101	2,282	51,500	SH		SOLE	0	0	0	51,500
EXPEDITORS INTL WASH INC	COMMON STOCK	302130109	2,633	20,800	SH		SOLE	0	0	0	20,800
F5 NETWORKS INC	COMMON STOCK	315616102	1,829	9,800	SH		SOLE	0	0	0	9,800
FACEBOOK INC-A	COMMON STOCK	30303M102	11,022	31,700	SH		SOLE	0	0	0	31,700
FOUR CORNERS PROPERTY TRUST	COMMON STOCK	35086T109	745	27,000	SH		SOLE	0	0	0	27,000
GAMING AND LEISURE PROPERTIE	COMMON STOCK	36467J108	1,514	32,671	SH		SOLE	0	0	0	32,671
GENERAL MILLS INC	COMMON STOCK	370334104	2,254	37,000	SH		SOLE	0	0	0	37,000
GLOBAL MEDICAL REIT INC	COMMON STOCK	37954A204	534	36,200	SH		SOLE	0	0	0	36,200
GLOBAL NET LEASE INC	COMMON STOCK	379378201	1,045	56,492	SH		SOLE	0	0	0	56,492
GLOBE LIFE INC	COMMON STOCK	37959E102	1,924	20,200	SH		SOLE	0	0	0	20,200
HCP INC	COMMON STOCK	42250P103	2,014	60,507	SH		SOLE	0	0	0	60,507
HEALTHCARE REALTY TRUST INC	COMMON STOCK	421946104	712	23,582	SH		SOLE	0	0	0	23,582
HEALTHCARE TRUST OF AME-CL A	COMMON STOCK	42225P501	1,388	52,000	SH		SOLE	0	0	0	52,000
HENRY SCHEIN INC	COMMON STOCK	806407102	2,077	28,000	SH		SOLE	0	0	0	28,000
HERSHA HOSPITALITY TRUST	COMMON STOCK	427825500	86	8,000	SH		SOLE	0	0	0	8,000
HERSHEY CO/THE	COMMON STOCK	427866108	2,334	13,400	SH		SOLE	0	0	0	13,400
HIGHWOODS PROPERTIES INC	COMMON STOCK	431284108	854	18,898	SH		SOLE	0	0	0	18,898
HOME DEPOT INC	COMMON STOCK	437076102	5,549	17,400	SH		SOLE	0	0	0	17,400
HOST HOTELS and RESORTS INC	COMMON STOCK	44107P104	1,322	77,343	SH		SOLE	0	0	0	77,343
HP INC	COMMON STOCK	40434L105	2,566	85,000	SH		SOLE	0	0	0	85,000
HUDSON PACIFIC PROPERTIES IN	COMMON STOCK	444097109	654	23,500	SH		SOLE	0	0	0	23,500
HUMANA INC	COMMON STOCK	444859102	2,656	6,000	SH		SOLE	0	0	0	6,000
HUNT (JB) TRANSPRT SVCS INC	COMMON STOCK	445658107	2,281	14,000	SH		SOLE	0	0	0	14,000
IDEXX LABORATORIES INC	COMMON STOCK	45168D104	3,031	4,800	SH		SOLE	0	0	0	4,800
ILLINOIS TOOL WORKS	COMMON STOCK	452308109	2,705	12,100	SH		SOLE	0	0	0	12,100
INDEPENDENCE REALTY TRUST IN	COMMON STOCK	45378A106	839	46,000	SH		SOLE	0	0	0	46,000
INDUSTRIAL LOGISTICS PROPERT	COMMON STOCK	456237106	1,766	67,572	SH		SOLE	0	0	0	67,572
INNOVATIVE INDUSTRIAL PROPER	COMMON STOCK	45781V101	325	1,704	SH		SOLE	0	0	0	1,704
INTERCONTINENTAL EXCHANGE IN	COMMON STOCK	45866F104	2,528	21,300	SH		SOLE	0	0	0	21,300
INTL BUSINESS MACHINES CORP	COMMON STOCK	459200101	3,562	24,300	SH		SOLE	0	0	0	24,300
INTUIT INC	COMMON STOCK	461202103	3,762	7,675	SH		SOLE	0	0	0	7,675
INVITATION HOMES INC	COMMON STOCK	46187W107	2,519	67,565	SH		SOLE	0	0	0	67,565
IRON MOUNTAIN INC	COMMON STOCK	46284V101	1,862	44,000	SH		SOLE	0	0	0	44,000
JPMORGAN CHASE and CO	COMMON STOCK	46625H100	6,844	44,000	SH		SOLE	0	0	0	44,000
KELLOGG CO	COMMON STOCK	487836108	1,994	31,000	SH		SOLE	0	0	0	31,000
KENNEDY-WILSON HOLDINGS INC	COMMON STOCK	489398107	268	13,509	SH		SOLE	0	0	0	13,509
KILROY REALTY CORP	COMMON STOCK	49427F108	453	6,500	SH		SOLE	0	0	0	6,500
KIMBERLY-CLARK CORP	COMMON STOCK	494368103	2,221	16,600	SH		SOLE	0	0	0	16,600
KIMCO REALTY CORP	COMMON STOCK	49446R109	215	10,295	SH		SOLE	0	0	0	10,295
KITE REALTY GROUP TRUST	COMMON STOCK	49803T300	383	17,400	SH		SOLE	0	0	0	17,400
KROGER CO	COMMON STOCK	501044101	2,222	58,000	SH		SOLE	0	0	0	58,000
Keurig Dr Pepper Inc	COMMON STOCK	49271V100	2,114	60,000	SH		SOLE	0	0	0	60,000
LAM RESEARCH CORP	COMMON STOCK	512807108	3,579	5,500	SH		SOLE	0	0	0	5,500
LENNOX INTERNATIONAL INC	COMMON STOCK	526107107	2,315	6,600	SH		SOLE	0	0	0	6,600
LEXINGTON REALTY TRUST	COMMON STOCK	529043101	1,195	100,000	SH		SOLE	0	0	0	100,000
LOWE'S COS INC	COMMON STOCK	548661107	3,647	18,800	SH		SOLE	0	0	0	18,800
Life Storage Inc	COMMON STOCK	53223X107	1,567	14,600	SH		SOLE	0	0	0	14,600
MACERICH CO/THE	COMMON STOCK	554382101	159	8,692	SH		SOLE	0	0	0	8,692
MACK-CALI REALTY CORP	COMMON STOCK	554489104	103	6,000	SH		SOLE	0	0	0	6,000
MANPOWERGROUP INC	COMMON STOCK	56418H100	2,021	17,000	SH		SOLE	0	0	0	17,000
MARSH and MCLENNAN COS	COMMON STOCK	571748102	2,912	20,700	SH		SOLE	0	0	0	20,700
MASCO CORP	COMMON STOCK	574599106	2,015	34,200	SH		SOLE	0	0	0	34,200
MCDONALD'S CORP	COMMON STOCK	580135101	3,627	15,700	SH		SOLE	0	0	0	15,700
MCKESSON CORP	COMMON STOCK	58155Q103	2,199	11,500	SH		SOLE	0	0	0	11,500
MEDICAL PROPERTIES TRUST INC	COMMON STOCK	58463J304	1,889	94,000	SH		SOLE	0	0	0	94,000
MERCK and CO. INC.	COMMON STOCK	58933Y105	3,927	50,500	SH		SOLE	0	0	0	50,500
METTLER-TOLEDO INTERNATIONAL	COMMON STOCK	592688105	2,452	1,770	SH		SOLE	0	0	0	1,770
MICROSOFT CORP	COMMON STOCK	594918104	14,870	54,890	SH		SOLE	0	0	0	54,890
MID-AMERICA APARTMENT COMM	COMMON STOCK	59522J103	2,282	13,550	SH		SOLE	0	0	0	13,550
MONDELEZ INTERNATIONAL INC-A	COMMON STOCK	609207105	2,872	46,000	SH		SOLE	0	0	0	46,000
MONMOUTH REAL ESTATE INV COR	COMMON STOCK	609720107	468	25,000	SH		SOLE	0	0	0	25,000
MONSTER BEVERAGE CORP	COMMON STOCK	61174X109	2,211	24,200	SH		SOLE	0	0	0	24,200
MOODY'S CORP	COMMON STOCK	615369105	3,080	8,500	SH		SOLE	0	0	0	8,500
MOTOROLA SOLUTIONS INC	COMMON STOCK	620076307	2,602	12,000	SH		SOLE	0	0	0	12,000
NATL HEALTH INVESTORS INC	COMMON STOCK	63633D104	1,033	15,400	SH		SOLE	0	0	0	15,400
NEW SENIOR INVESTMENT GROUP	COMMON STOCK	648691103	509	57,935	SH		SOLE	0	0	0	57,935
NEW YORK REIT INC liquidation shs	COMMON STOCK	64976L208	0	2,200	SH		SOLE	0	0	0	2,200
NVR INC	COMMON STOCK	62944T105	2,139	430	SH		SOLE	0	0	0	430
O'REILLY AUTOMOTIVE INC	COMMON STOCK	67103H107	2,718	4,800	SH		SOLE	0	0	0	4,800
OFFICE PROPERTIES INCOME TRUST	COMMON STOCK	67623C109	373	12,714	SH		SOLE	0	0	0	12,714
OMEGA HEALTHCARE INVESTORS	COMMON STOCK	681936100	1,651	45,500	SH		SOLE	0	0	0	45,500
ORACLE CORP	COMMON STOCK	68389X105	3,814	49,000	SH		SOLE	0	0	0	49,000
ORGANON and CO	COMMON STOCK	68622V106	153	5,050	SH		SOLE	0	0	0	5,050
PARK HOTELS and RESORTS INC	COMMON STOCK	700517105	188	9,106	SH		SOLE	0	0	0	9,106
PAYCHEX INC	COMMON STOCK	704326107	2,484	23,150	SH		SOLE	0	0	0	23,150
PEBBLEBROOK HOTEL TRUST	COMMON STOCK	70509V100	150	6,355	SH		SOLE	0	0	0	6,355
PEPSICO INC	COMMON STOCK	713448108	3,956	26,700	SH		SOLE	0	0	0	26,700
PFIZER INC	COMMON STOCK	717081103	4,233	108,100	SH		SOLE	0	0	0	108,100
PHILIP MORRIS INTERNATIONAL	COMMON STOCK	718172109	3,766	38,000	SH		SOLE	0	0	0	38,000
PHYSICIANS REALTY TRUST	COMMON STOCK	71943U104	942	51,000	SH		SOLE	0	0	0	51,000
PINNACLE WEST CAPITAL	COMMON STOCK	723484101	1,885	23,000	SH		SOLE	0	0	0	23,000
PLYMOUTH INDUSTRIAL REIT INC	COMMON STOCK	729640102	1,032	51,527	SH		SOLE	0	0	0	51,527
PPG INDUSTRIES INC	COMMON STOCK	693506107	2,547	15,000	SH		SOLE	0	0	0	15,000
PPL CORP	COMMON STOCK	69351T106	2,005	71,700	SH		SOLE	0	0	0	71,700
PREFERRED APARTMENT COMMUN-A	COMMON STOCK	74039L103	507	52,000	SH		SOLE	0	0	0	52,000
PROCTER and GAMBLE CO/THE	COMMON STOCK	742718109	5,262	39,000	SH		SOLE	0	0	0	39,000
PROLOGIS INC	COMMON STOCK	74340W103	7,252	60,672	SH		SOLE	0	0	0	60,672
PUBLIC SERVICE ENTERPRISE GP	COMMON STOCK	744573106	2,079	34,800	SH		SOLE	0	0	0	34,800
PUBLIC STORAGE	COMMON STOCK	74460D109	2,796	9,300	SH		SOLE	0	0	0	9,300
PUBLIC STORAGE	COMMON STOCK	74460D109	3,402	11,313	SH		SOLE	0	0	0	11,313
QTS REALTY TRUST INC-CL A	COMMON STOCK	74736A103	619	8,014	SH		SOLE	0	0	0	8,014
REALTY INCOME CORP	COMMON STOCK	756109104	541	8,100	SH		SOLE	0	0	0	8,100
REINSURANCE GROUP OF AMERICA	COMMON STOCK	759351604	1,710	15,000	SH		SOLE	0	0	0	15,000
RETAIL VALUE INC	COMMON STOCK	76133Q102	2	108	SH		SOLE	0	0	0	108
RLJ LODGING TRUST	COMMON STOCK	74965L101	439	28,800	SH		SOLE	0	0	0	28,800
ROBERT HALF INTL INC	COMMON STOCK	770323103	2,482	27,900	SH		SOLE	0	0	0	27,900
RPM INTERNATIONAL INC	COMMON STOCK	749685103	1,951	22,000	SH		SOLE	0	0	0	22,000
SandP GLOBAL INC	COMMON STOCK	78409V104	3,243	7,900	SH		SOLE	0	0	0	7,900
SABRA HEALTH CARE REIT INC	COMMON STOCK	78573L106	1,126	61,874	SH		SOLE	0	0	0	61,874
SEI INVESTMENTS COMPANY	COMMON STOCK	784117103	1,983	32,000	SH		SOLE	0	0	0	32,000
SERVICE PROPERTIES TRUST	COMMON STOCK	44106M102	255	20,266	SH		SOLE	0	0	0	20,266
SHERWIN-WILLIAMS CO/THE	COMMON STOCK	824348106	2,738	10,050	SH		SOLE	0	0	0	10,050
SIMON PROPERTY GROUP INC	COMMON STOCK	828806109	3,563	27,306	SH		SOLE	0	0	0	27,306
SL GREEN REALTY CORP	COMMON STOCK	78440X804	793	9,913	SH		SOLE	0	0	0	9,913
SMITH (A.O.) CORP	COMMON STOCK	831865209	2,378	33,000	SH		SOLE	0	0	0	33,000
SNAP-ON INC	COMMON STOCK	833034101	2,234	10,000	SH		SOLE	0	0	0	10,000
SPIRIT REALTY CAPITAL INC	COMMON STOCK	84860W300	1,598	33,400	SH		SOLE	0	0	0	33,400
STAG INDUSTRIAL INC	COMMON STOCK	85254J102	1,631	43,563	SH		SOLE	0	0	0	43,563
STARBUCKS CORP	COMMON STOCK	855244109	3,354	30,000	SH		SOLE	0	0	0	30,000
STORE CAPITAL CORP	COMMON STOCK	862121100	1,225	35,500	SH		SOLE	0	0	0	35,500
SUMMIT HOTEL PROPERTIES INC	COMMON STOCK	866082100	174	18,700	SH		SOLE	0	0	0	18,700
T ROWE PRICE GROUP INC	COMMON STOCK	74144T108	2,673	13,500	SH		SOLE	0	0	0	13,500
TANGER FACTORY OUTLET CENTER	COMMON STOCK	875465106	349	18,500	SH		SOLE	0	0	0	18,500
TARGET CORP	COMMON STOCK	87612E106	3,868	16,000	SH		SOLE	0	0	0	16,000
TEXAS INSTRUMENTS INC	COMMON STOCK	882508104	3,731	19,400	SH		SOLE	0	0	0	19,400
TRACTOR SUPPLY COMPANY	COMMON STOCK	892356106	2,512	13,500	SH		SOLE	0	0	0	13,500
UDR INC	COMMON STOCK	902653104	1,635	33,388	SH		SOLE	0	0	0	33,388
UMH PROPERTIES INC	COMMON STOCK	903002103	645	29,564	SH		SOLE	0	0	0	29,564
UNITEDHEALTH GROUP INC	COMMON STOCK	91324P102	6,087	15,200	SH		SOLE	0	0	0	15,200
URSTADT BIDDLE - CLASS A	COMMON STOCK	917286205	329	17,000	SH		SOLE	0	0	0	17,000
VENTAS INC	COMMON STOCK	92276F100	2,151	37,662	SH		SOLE	0	0	0	37,662
VEREIT INC	COMMON STOCK	92339V308	2,023	44,048	SH		SOLE	0	0	0	44,048
VERIZON COMMUNICATIONS INC	COMMON STOCK	92343V104	4,118	73,500	SH		SOLE	0	0	0	73,500
VICI PROPERTIES INC	COMMON STOCK	925652109	543	17,500	SH		SOLE	0	0	0	17,500
VISA INC-CLASS A SHARES	COMMON STOCK	92826C839	6,173	26,400	SH		SOLE	0	0	0	26,400
VORNADO REALTY TRUST	COMMON STOCK	929042109	524	11,237	SH		SOLE	0	0	0	11,237
WASHINGTON REIT	COMMON STOCK	939653101	322	14,000	SH		SOLE	0	0	0	14,000
WASTE MANAGEMENT INC	COMMON STOCK	94106L109	2,774	19,800	SH		SOLE	0	0	0	19,800
WATERS CORP	COMMON STOCK	941848103	2,454	7,100	SH		SOLE	0	0	0	7,100
WELLTOWER INC	COMMON STOCK	95040Q104	2,847	34,259	SH		SOLE	0	0	0	34,259
WESTERN UNION CO	COMMON STOCK	959802109	1,739	75,700	SH		SOLE	0	0	0	75,700
WP CAREY INC	COMMON STOCK	92936U109	1,769	23,704	SH		SOLE	0	0	0	23,704
WW GRAINGER INC	COMMON STOCK	384802104	2,278	5,200	SH		SOLE	0	0	0	5,200
YUM! BRANDS INC	COMMON STOCK	988498101	2,278	19,800	SH		SOLE	0	0	0	19,800
ZOETIS INC	COMMON STOCK	98978V103	2,982	16,000	SH		SOLE	0	0	0	16,000