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 | 706 | 24,729 | SH | | SOLE | | 24,729 | 0 | 0 |
AGREE REALTY CORP | COM | 008492100 | 5,648 | 77,213 | SH | | SOLE | | 77,213 | 0 | 0 |
ALEXANDER & BALDWIN INC NEW | COM | 014491104 | 500 | 20,424 | SH | | SOLE | | 20,424 | 0 | 0 |
ALEXANDERS INC | COM | 014752109 | 221 | 635 | SH | | SOLE | | 635 | 0 | 0 |
ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 | 17,625 | 114,421 | SH | | SOLE | | 114,421 | 0 | 0 |
AMERICAN ASSETS TR INC | COM | 024013104 | 672 | 14,387 | SH | | SOLE | | 14,387 | 0 | 0 |
AMERICAN CAMPUS CMNTYS INC | COM | 024835100 | 1,966 | 40,898 | SH | | SOLE | | 40,898 | 0 | 0 |
AMERICAN FIN TR INC | COM CLASS A | 02607T109 | 444 | 31,822 | SH | | SOLE | | 31,822 | 0 | 0 |
AMERICAN HOMES 4 RENT | CL A | 02665T306 | 6,263 | 241,918 | SH | | SOLE | | 241,918 | 0 | 0 |
AMERICAN TOWER CORP NEW | COM | 03027X100 | 63,312 | 286,313 | SH | | SOLE | | 286,313 | 0 | 0 |
AMERICOLD RLTY TR | COM | 03064D108 | 10,279 | 277,312 | SH | | SOLE | | 277,312 | 0 | 0 |
APARTMENT INVT & MGMT CO | CL A | 03748R754 | 2,304 | 44,204 | SH | | SOLE | | 44,204 | 0 | 0 |
APPLE HOSPITALITY REIT INC | COM NEW | 03784Y200 | 1,041 | 62,827 | SH | | SOLE | | 62,827 | 0 | 0 |
ARMADA HOFFLER PPTYS INC | COM | 04208T108 | 283 | 15,666 | SH | | SOLE | | 15,666 | 0 | 0 |
ASHFORD HOSPITALITY TR INC | COM SHS | 044103109 | 88 | 26,793 | SH | | SOLE | | 26,793 | 0 | 0 |
AVALONBAY CMNTYS INC | COM | 053484101 | 22,975 | 106,700 | SH | | SOLE | | 106,700 | 0 | 0 |
BOSTON PROPERTIES INC | COM | 101121101 | 14,301 | 110,302 | SH | | SOLE | | 110,302 | 0 | 0 |
BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 | 789 | 52,132 | SH | | SOLE | | 52,132 | 0 | 0 |
BRIXMOR PPTY GROUP INC | COM | 11120U105 | 1,801 | 88,801 | SH | | SOLE | | 88,801 | 0 | 0 |
BROOKFIELD PROPERTY REIT INC | CL A | 11282X103 | 449 | 22,065 | SH | | SOLE | | 22,065 | 0 | 0 |
CAMDEN PPTY TR | SH BEN INT | 133131102 | 3,101 | 27,938 | SH | | SOLE | | 27,938 | 0 | 0 |
CARETRUST REIT INC | COM | 14174T107 | 668 | 28,420 | SH | | SOLE | | 28,420 | 0 | 0 |
CATCHMARK TIMBER TR INC | CL A | 14912Y202 | 155 | 14,592 | SH | | SOLE | | 14,592 | 0 | 0 |
CBL & ASSOC PPTYS INC | COM | 124830100 | 65 | 50,454 | SH | | SOLE | | 50,454 | 0 | 0 |
CEDAR REALTY TRUST INC | COM NEW | 150602209 | 76 | 25,522 | SH | | SOLE | | 25,522 | 0 | 0 |
CHATHAM LODGING TR | COM | 16208T102 | 247 | 13,659 | SH | | SOLE | | 13,659 | 0 | 0 |
CITY OFFICE REIT INC | COM | 178587101 | 166 | 11,538 | SH | | SOLE | | 11,538 | 0 | 0 |
COLONY CAP INC NEW | CL A COM | 19626G108 | 2,967 | 492,974 | SH | | SOLE | | 492,974 | 0 | 0 |
COLUMBIA PPTY TR INC | COM NEW | 198287203 | 736 | 34,825 | SH | | SOLE | | 34,825 | 0 | 0 |
COMMUNITY HEALTHCARE TR INC | COM | 20369C106 | 244 | 5,492 | SH | | SOLE | | 5,492 | 0 | 0 |
CORECIVIC INC | COM | 21871N101 | 612 | 35,462 | SH | | SOLE | | 35,462 | 0 | 0 |
COREPOINT LODGING INC | COM | 21872L104 | 120 | 11,903 | SH | | SOLE | | 11,903 | 0 | 0 |
CORESITE RLTY CORP | COM | 21870Q105 | 1,336 | 10,972 | SH | | SOLE | | 10,972 | 0 | 0 |
CORPORATE OFFICE PPTYS TR | SH BEN INT | 22002T108 | 997 | 33,505 | SH | | SOLE | | 33,505 | 0 | 0 |
COUSINS PPTYS INC | COM NEW | 222795502 | 1,637 | 43,565 | SH | | SOLE | | 43,565 | 0 | 0 |
CROWN CASTLE INTL CORP NEW | COM | 22822V101 | 34,377 | 247,302 | SH | | SOLE | | 247,302 | 0 | 0 |
CUBESMART | COM | 229663109 | 2,005 | 57,474 | SH | | SOLE | | 57,474 | 0 | 0 |
CYRUSONE INC | COM | 23283R100 | 8,185 | 103,485 | SH | | SOLE | | 103,485 | 0 | 0 |
DIAMONDROCK HOSPITALITY CO | COM | 252784301 | 614 | 59,944 | SH | | SOLE | | 59,944 | 0 | 0 |
DIGITAL RLTY TR INC | COM | 253868103 | 14,308 | 110,225 | SH | | SOLE | | 110,225 | 0 | 0 |
DOUGLAS EMMETT INC | COM | 25960P109 | 2,125 | 49,622 | SH | | SOLE | | 49,622 | 0 | 0 |
DUKE REALTY CORP | COM NEW | 264411505 | 8,240 | 242,591 | SH | | SOLE | | 242,591 | 0 | 0 |
EASTERLY GOVT PPTYS INC | COM | 27616P103 | 498 | 23,426 | SH | | SOLE | | 23,426 | 0 | 0 |
EASTGROUP PPTY INC | COM | 277276101 | 5,131 | 41,045 | SH | | SOLE | | 41,045 | 0 | 0 |
EMPIRE ST RLTY TR INC | CL A | 292104106 | 631 | 44,235 | SH | | SOLE | | 44,235 | 0 | 0 |
EPR PPTYS | COM SH BEN INT | 26884U109 | 1,769 | 23,023 | SH | | SOLE | | 23,023 | 0 | 0 |
EQUINIX INC | COM | 29444U700 | 34,966 | 60,621 | SH | | SOLE | | 60,621 | 0 | 0 |
EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 | 18,161 | 135,941 | SH | | SOLE | | 135,941 | 0 | 0 |
EQUITY RESIDENTIAL | SH BEN INT | 29476L107 | 24,114 | 279,559 | SH | | SOLE | | 279,559 | 0 | 0 |
ESSENTIAL PPTYS RLTY TR INC | COM | 29670E107 | 4,298 | 187,627 | SH | | SOLE | | 187,627 | 0 | 0 |
ESSEX PPTY TR INC | COM | 297178105 | 20,446 | 62,593 | SH | | SOLE | | 62,593 | 0 | 0 |
EXTRA SPACE STORAGE INC | COM | 30225T102 | 12,500 | 107,005 | SH | | SOLE | | 107,005 | 0 | 0 |
FEDERAL REALTY INVT TR | SH BEN INT NEW | 313747206 | 9,711 | 71,336 | SH | | SOLE | | 71,336 | 0 | 0 |
FIRST INDUSTRIAL REALTY TRUS | COM | 32054K103 | 1,485 | 37,538 | SH | | SOLE | | 37,538 | 0 | 0 |
FOUR CORNERS PPTY TR INC | COM | 35086T109 | 576 | 20,389 | SH | | SOLE | | 20,389 | 0 | 0 |
FRANKLIN STREET PPTYS CORP | COM | 35471R106 | 261 | 30,896 | SH | | SOLE | | 30,896 | 0 | 0 |
FRONT YD RESIDENTIAL CORP | COM | 35904G107 | 170 | 14,739 | SH | | SOLE | | 14,739 | 0 | 0 |
GAMING & LEISURE PPTYS INC | COM | 36467J108 | 6,903 | 180,543 | SH | | SOLE | | 180,543 | 0 | 0 |
GDS HLDGS LTD | SPONSORED ADS | 36165L108 | 2,204 | 55,000 | SH | | SOLE | | 55,000 | 0 | 0 |
GEO GROUP INC NEW | COM | 36162J106 | 614 | 35,427 | SH | | SOLE | | 35,427 | 0 | 0 |
GETTY RLTY CORP NEW | COM | 374297109 | 318 | 9,933 | SH | | SOLE | | 9,933 | 0 | 0 |
GLADSTONE COML CORP | COM | 376536108 | 214 | 9,121 | SH | | SOLE | | 9,121 | 0 | 0 |
GLOBAL NET LEASE INC | COM NEW | 379378201 | 489 | 25,120 | SH | | SOLE | | 25,120 | 0 | 0 |
HCP INC | COM | 40414L109 | 16,826 | 472,248 | SH | | SOLE | | 472,248 | 0 | 0 |
HEALTHCARE RLTY TR | COM | 421946104 | 1,275 | 38,088 | SH | | SOLE | | 38,088 | 0 | 0 |
HEALTHCARE TR AMER INC | CL A NEW | 42225P501 | 1,790 | 60,957 | SH | | SOLE | | 60,957 | 0 | 0 |
HERSHA HOSPITALITY TR | PR SHS BEN INT | 427825500 | 154 | 10,385 | SH | | SOLE | | 10,385 | 0 | 0 |
HIGHWOODS PPTYS INC | COM | 431284108 | 1,372 | 30,535 | SH | | SOLE | | 30,535 | 0 | 0 |
HOST HOTELS & RESORTS INC | COM | 44107P104 | 10,833 | 626,604 | SH | | SOLE | | 626,604 | 0 | 0 |
HUDSON PAC PPTYS INC | COM | 444097109 | 9,216 | 275,440 | SH | | SOLE | | 275,440 | 0 | 0 |
INDEPENDENCE RLTY TR INC | COM | 45378A106 | 383 | 26,784 | SH | | SOLE | | 26,784 | 0 | 0 |
INDUSTRIAL LOGISTICS PPTYS T | COM SHS BEN INT | 456237106 | 409 | 19,292 | SH | | SOLE | | 19,292 | 0 | 0 |
INTERXION HOLDING N.V | SHS | N47279109 | 3,258 | 40,000 | SH | | SOLE | | 40,000 | 0 | 0 |
INVESTORS REAL ESTATE TR | SH BEN INT | 461730509 | 258 | 3,467 | SH | | SOLE | | 3,467 | 0 | 0 |
INVITATION HOMES INC | COM | 46187W107 | 15,478 | 522,733 | SH | | SOLE | | 522,733 | 0 | 0 |
IRON MTN INC NEW | COM | 46284V101 | 2,762 | 85,292 | SH | | SOLE | | 85,292 | 0 | 0 |
ISHARES TR | U.S. REAL ES ETF | 464287739 | 34,649 | 370,420 | SH | | SOLE | | 370,420 | 0 | 0 |
JBG SMITH PPTYS | COM | 46590V100 | 1,433 | 36,559 | SH | | SOLE | | 36,559 | 0 | 0 |
KILROY RLTY CORP | COM | 49427F108 | 7,369 | 94,618 | SH | | SOLE | | 94,618 | 0 | 0 |
KIMCO RLTY CORP | COM | 49446R109 | 2,522 | 120,796 | SH | | SOLE | | 120,796 | 0 | 0 |
KITE RLTY GROUP TR | COM NEW | 49803T300 | 398 | 24,663 | SH | | SOLE | | 24,663 | 0 | 0 |
LAMAR ADVERTISING CO NEW | CL A | 512816109 | 2,085 | 25,456 | SH | | SOLE | | 25,456 | 0 | 0 |
LEXINGTON REALTY TRUST | COM | 529043101 | 698 | 68,192 | SH | | SOLE | | 68,192 | 0 | 0 |
LIBERTY PPTY TR | SH BEN INT | 531172104 | 2,391 | 46,597 | SH | | SOLE | | 46,597 | 0 | 0 |
LIFE STORAGE INC | COM | 53223X107 | 1,463 | 13,885 | SH | | SOLE | | 13,885 | 0 | 0 |
LTC PPTYS INC | COM | 502175102 | 600 | 11,718 | SH | | SOLE | | 11,718 | 0 | 0 |
MACERICH CO | COM | 554382101 | 1,335 | 42,266 | SH | | SOLE | | 42,266 | 0 | 0 |
MACK CALI RLTY CORP | COM | 554489104 | 558 | 25,783 | SH | | SOLE | | 25,783 | 0 | 0 |
MEDICAL PPTYS TRUST INC | COM | 58463J304 | 2,591 | 132,480 | SH | | SOLE | | 132,480 | 0 | 0 |
MID AMER APT CMNTYS INC | COM | 59522J103 | 12,870 | 98,997 | SH | | SOLE | | 98,997 | 0 | 0 |
MONMOUTH REAL ESTATE INVT CO | CL A | 609720107 | 396 | 27,502 | SH | | SOLE | | 27,502 | 0 | 0 |
NATIONAL HEALTH INVS INC | COM | 63633D104 | 1,026 | 12,460 | SH | | SOLE | | 12,460 | 0 | 0 |
NATIONAL RETAIL PPTYS INC | COM | 637417106 | 2,735 | 48,498 | SH | | SOLE | | 48,498 | 0 | 0 |
NATIONAL STORAGE AFFILIATES | COM SHS BEN IN | 637870106 | 589 | 17,663 | SH | | SOLE | | 17,663 | 0 | 0 |
NEW SR INVT GROUP INC | COM | 648691103 | 166 | 24,918 | SH | | SOLE | | 24,918 | 0 | 0 |
NEXPOINT RESIDENTIAL TR INC | COM | 65341D102 | 263 | 5,632 | SH | | SOLE | | 5,632 | 0 | 0 |
OFFICE PPTYS INCOME TR | COM SHS BEN INT | 67623C109 | 435 | 14,200 | SH | | SOLE | | 14,200 | 0 | 0 |
OMEGA HEALTHCARE INVS INC | COM | 681936100 | 2,671 | 63,931 | SH | | SOLE | | 63,931 | 0 | 0 |
OUTFRONT MEDIA INC | COM | 69007J106 | 1,186 | 42,727 | SH | | SOLE | | 42,727 | 0 | 0 |
PARAMOUNT GROUP INC | COM | 69924R108 | 804 | 60,247 | SH | | SOLE | | 60,247 | 0 | 0 |
PARK HOTELS RESORTS INC | COM | 700517105 | 1,781 | 71,359 | SH | | SOLE | | 71,359 | 0 | 0 |
PEBBLEBROOK HOTEL TR | COM | 70509V100 | 4,415 | 158,713 | SH | | SOLE | | 158,713 | 0 | 0 |
PENNSYLVANIA RL ESTATE INVT | SH BEN INT | 709102107 | 118 | 20,665 | SH | | SOLE | | 20,665 | 0 | 0 |
PHYSICIANS RLTY TR | COM | 71943U104 | 981 | 55,271 | SH | | SOLE | | 55,271 | 0 | 0 |
PIEDMONT OFFICE REALTY TR IN | COM CL A | 720190206 | 778 | 37,274 | SH | | SOLE | | 37,274 | 0 | 0 |
POTLATCHDELTIC CORPORATION | COM | 737630103 | 808 | 19,688 | SH | | SOLE | | 19,688 | 0 | 0 |
PREFERRED APT CMNTYS INC | COM | 74039L103 | 191 | 13,220 | SH | | SOLE | | 13,220 | 0 | 0 |
PROLOGIS INC | COM | 74340W103 | 40,323 | 473,166 | SH | | SOLE | | 473,166 | 0 | 0 |
PS BUSINESS PKS INC CALIF | COM | 69360J107 | 1,084 | 5,958 | SH | | SOLE | | 5,958 | 0 | 0 |
PUBLIC STORAGE | COM | 74460D109 | 20,198 | 82,353 | SH | | SOLE | | 82,353 | 0 | 0 |
QTS RLTY TR INC | COM CL A | 74736A103 | 4,744 | 92,290 | SH | | SOLE | | 92,290 | 0 | 0 |
RAYONIER INC | COM | 754907103 | 1,092 | 38,741 | SH | | SOLE | | 38,741 | 0 | 0 |
REALTY INCOME CORP | COM | 756109104 | 14,977 | 195,329 | SH | | SOLE | | 195,329 | 0 | 0 |
REGENCY CTRS CORP | COM | 758849103 | 13,673 | 196,775 | SH | | SOLE | | 196,775 | 0 | 0 |
RETAIL OPPORTUNITY INVTS COR | COM | 76131N101 | 611 | 33,519 | SH | | SOLE | | 33,519 | 0 | 0 |
RETAIL PPTYS AMER INC | CL A | 76131V202 | 785 | 63,727 | SH | | SOLE | | 63,727 | 0 | 0 |
REXFORD INDL RLTY INC | COM | 76169C100 | 16,402 | 372,611 | SH | | SOLE | | 372,611 | 0 | 0 |
RLJ LODGING TR | COM | 74965L101 | 870 | 51,255 | SH | | SOLE | | 51,255 | 0 | 0 |
RPT REALTY | SH BEN INT | 74971D101 | 314 | 23,246 | SH | | SOLE | | 23,246 | 0 | 0 |
RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 | 1,117 | 13,660 | SH | | SOLE | | 13,660 | 0 | 0 |
SABRA HEALTH CARE REIT INC | COM | 78573L106 | 1,291 | 56,240 | SH | | SOLE | | 56,240 | 0 | 0 |
SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 | 18,589 | 77,086 | SH | | SOLE | | 77,086 | 0 | 0 |
SENIOR HSG PPTYS TR | SH BEN INT | 81721M109 | 652 | 70,465 | SH | | SOLE | | 70,465 | 0 | 0 |
SERVICE PPTYS TR | COM SH BEN INT | 81761L102 | 1,256 | 48,715 | SH | | SOLE | | 48,715 | 0 | 0 |
SIMON PPTY GROUP INC NEW | COM | 828806109 | 31,301 | 201,101 | SH | | SOLE | | 201,101 | 0 | 0 |
SITE CENTERS CORP | COM | 82981J109 | 3,275 | 216,796 | SH | | SOLE | | 216,796 | 0 | 0 |
SL GREEN RLTY CORP | COM | 78440X101 | 8,222 | 100,577 | SH | | SOLE | | 100,577 | 0 | 0 |
SPIRIT RLTY CAP INC NEW | COM NEW | 84860W300 | 1,282 | 26,804 | SH | | SOLE | | 26,804 | 0 | 0 |
STAG INDL INC | COM | 85254J102 | 1,123 | 38,100 | SH | | SOLE | | 38,100 | 0 | 0 |
STARWOOD PPTY TR INC | COM | 85571B105 | 3,875 | 160,000 | SH | | SOLE | | 160,000 | 0 | 0 |
STORE CAP CORP | COM | 862121100 | 8,531 | 228,060 | SH | | SOLE | | 228,060 | 0 | 0 |
SUMMIT HOTEL PPTYS INC | COM | 866082100 | 357 | 30,813 | SH | | SOLE | | 30,813 | 0 | 0 |
SUN CMNTYS INC | COM | 866674104 | 19,966 | 134,502 | SH | | SOLE | | 134,502 | 0 | 0 |
SUNSTONE HOTEL INVS INC NEW | COM | 867892101 | 918 | 66,821 | SH | | SOLE | | 66,821 | 0 | 0 |
TANGER FACTORY OUTLET CTRS I | COM | 875465106 | 421 | 27,198 | SH | | SOLE | | 27,198 | 0 | 0 |
TAUBMAN CTRS INC | COM | 876664103 | 1,611 | 39,475 | SH | | SOLE | | 39,475 | 0 | 0 |
TERRENO RLTY CORP | COM | 88146M101 | 7,112 | 139,208 | SH | | SOLE | | 139,208 | 0 | 0 |
UDR INC | COM | 902653104 | 4,210 | 86,844 | SH | | SOLE | | 86,844 | 0 | 0 |
UMH PPTYS INC | COM | 903002103 | 150 | 10,668 | SH | | SOLE | | 10,668 | 0 | 0 |
UNITI GROUP INC | COM | 91325V108 | 427 | 55,082 | SH | | SOLE | | 55,082 | 0 | 0 |
UNIVERSAL HEALTH RLTY INCM T | SH BEN INT | 91359E105 | 392 | 3,816 | SH | | SOLE | | 3,816 | 0 | 0 |
URBAN EDGE PPTYS | COM | 91704F104 | 678 | 34,264 | SH | | SOLE | | 34,264 | 0 | 0 |
URSTADT BIDDLE PPTYS INC | CL A | 917286205 | 208 | 8,803 | SH | | SOLE | | 8,803 | 0 | 0 |
VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | 10,257 | 110,000 | SH | | SOLE | | 110,000 | 0 | 0 |
VENTAS INC | COM | 92276F100 | 15,301 | 209,521 | SH | | SOLE | | 209,521 | 0 | 0 |
VEREIT INC | COM | 92339V100 | 3,091 | 316,093 | SH | | SOLE | | 316,093 | 0 | 0 |
VICI PPTYS INC | COM | 925652109 | 8,566 | 378,200 | SH | | SOLE | | 378,200 | 0 | 0 |
VORNADO RLTY TR | SH BEN INT | 929042109 | 3,293 | 51,735 | SH | | SOLE | | 51,735 | 0 | 0 |
W P CAREY INC | COM | 92936U109 | 4,528 | 50,601 | SH | | SOLE | | 50,601 | 0 | 0 |
WASHINGTON PRIME GROUP NEW | COM | 93964W108 | 230 | 55,611 | SH | | SOLE | | 55,611 | 0 | 0 |
WASHINGTON REAL ESTATE INVT | SH BEN INT | 939653101 | 653 | 23,876 | SH | | SOLE | | 23,876 | 0 | 0 |
WEINGARTEN RLTY INVS | SH BEN INT | 948741103 | 1,054 | 36,198 | SH | | SOLE | | 36,198 | 0 | 0 |
WELLTOWER INC | COM | 95040Q104 | 25,779 | 284,389 | SH | | SOLE | | 284,389 | 0 | 0 |
WEYERHAEUSER CO | COM | 962166104 | 11,441 | 413,061 | SH | | SOLE | | 413,061 | 0 | 0 |
WHITESTONE REIT | COM | 966084204 | 156 | 11,404 | SH | | SOLE | | 11,404 | 0 | 0 |
XENIA HOTELS & RESORTS INC | COM | 984017103 | 712 | 33,741 | SH | | SOLE | | 33,741 | 0 | 0 |