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 | 429 | 33,051 | SH | | SOLE | | 33,051 | 0 | 0 |
AGREE REALTY CORP | COM | 008492100 | 6,077 | 92,488 | SH | | SOLE | | 92,488 | 0 | 0 |
ALEXANDER & BALDWIN INC NEW | COM | 014491104 | 321 | 26,366 | SH | | SOLE | | 26,366 | 0 | 0 |
ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 | 19,551 | 120,504 | SH | | SOLE | | 120,504 | 0 | 0 |
AMERICAN ASSETS TR INC | COM | 024013104 | 539 | 19,373 | SH | | SOLE | | 19,373 | 0 | 0 |
AMERICAN CAMPUS CMNTYS INC | COM | 024835100 | 1,852 | 53,000 | SH | | SOLE | | 53,000 | 0 | 0 |
AMERICAN FIN TR INC | COM CLASS A | 02607T109 | 326 | 41,166 | SH | | SOLE | | 41,166 | 0 | 0 |
AMERICAN HOMES 4 RENT | CL A | 02665T306 | 9,958 | 370,201 | SH | | SOLE | | 370,201 | 0 | 0 |
AMERICAN TOWER CORP NEW | COM | 03027X100 | 87,422 | 338,141 | SH | | SOLE | | 338,141 | 0 | 0 |
AMERICOLD RLTY TR | COM | 03064D108 | 7,969 | 219,534 | SH | | SOLE | | 219,534 | 0 | 0 |
APARTMENT INVT & MGMT CO | CL A | 03748R754 | 2,167 | 57,574 | SH | | SOLE | | 57,574 | 0 | 0 |
APPLE HOSPITALITY REIT INC | COM NEW | 03784Y200 | 783 | 81,095 | SH | | SOLE | | 81,095 | 0 | 0 |
ARMADA HOFFLER PPTYS INC | COM | 04208T108 | 219 | 22,044 | SH | | SOLE | | 22,044 | 0 | 0 |
AVALONBAY CMNTYS INC | COM | 053484101 | 15,538 | 100,484 | SH | | SOLE | | 100,484 | 0 | 0 |
BLACKSTONE GROUP INC | COM CL A | 09260D107 | 3,116 | 55,000 | SH | | SOLE | | 55,000 | 0 | 0 |
BOSTON PPTYS LTD PARTNERSHIP | COM | 101121101 | 10,871 | 120,292 | SH | | SOLE | | 120,292 | 0 | 0 |
BRANDYWINE RLTY TR | SH BEN INT NEW | 105368203 | 726 | 66,738 | SH | | SOLE | | 66,738 | 0 | 0 |
BRIXMOR PPTY GROUP INC | COM | 11120U105 | 1,913 | 149,234 | SH | | SOLE | | 149,234 | 0 | 0 |
BROOKFIELD PPTY REIT INC | CL A | 11282X103 | 219 | 22,062 | SH | | SOLE | | 22,062 | 0 | 0 |
CAMDEN PPTY TR | SH BEN INT | 133131102 | 5,963 | 65,377 | SH | | SOLE | | 65,377 | 0 | 0 |
CARETRUST REIT INC | COM | 14174T107 | 630 | 36,764 | SH | | SOLE | | 36,764 | 0 | 0 |
CATCHMARK TIMBER TR INC | CL A | 14912Y202 | 168 | 19,068 | SH | | SOLE | | 19,068 | 0 | 0 |
CHATHAM LODGING TR | COM | 16208T102 | 109 | 17,845 | SH | | SOLE | | 17,845 | 0 | 0 |
CITY OFFICE REIT INC | COM | 178587101 | 181 | 18,065 | SH | | SOLE | | 18,065 | 0 | 0 |
COLONY CAP INC NEW | CL A COM | 19626G108 | 444 | 185,388 | SH | | SOLE | | 185,388 | 0 | 0 |
COLUMBIA PPTY TR INC | COM NEW | 198287203 | 568 | 43,247 | SH | | SOLE | | 43,247 | 0 | 0 |
COMMUNITY HEALTHCARE TR INC | COM | 20369C106 | 331 | 8,112 | SH | | SOLE | | 8,112 | 0 | 0 |
CORECIVIC INC | COM | 21871N101 | 430 | 46,041 | SH | | SOLE | | 46,041 | 0 | 0 |
COREPOINT LODGING INC | COM | 21872L104 | 69 | 16,534 | SH | | SOLE | | 16,534 | 0 | 0 |
CORESITE RLTY CORP | COM | 21870Q105 | 1,898 | 15,685 | SH | | SOLE | | 15,685 | 0 | 0 |
CORPORATE OFFICE PPTYS TR | SH BEN INT | 22002T108 | 1,101 | 43,459 | SH | | SOLE | | 43,459 | 0 | 0 |
COUSINS PPTYS INC | COM NEW | 222795502 | 1,704 | 57,140 | SH | | SOLE | | 57,140 | 0 | 0 |
CROWN CASTLE INTL CORP NEW | COM | 22822V101 | 47,891 | 286,176 | SH | | SOLE | | 286,176 | 0 | 0 |
CUBESMART | COM | 229663109 | 2,025 | 75,054 | SH | | SOLE | | 75,054 | 0 | 0 |
CYRUSONE INC | COM | 23283R100 | 6,294 | 86,520 | SH | | SOLE | | 86,520 | 0 | 0 |
DIAMONDROCK HOSPITALITY CO | COM | 252784301 | 432 | 78,263 | SH | | SOLE | | 78,263 | 0 | 0 |
DIGITAL RLTY TR INC | COM | 253868103 | 26,089 | 183,589 | SH | | SOLE | | 183,589 | 0 | 0 |
DIVERSIFIED HEALTHCARE TR | COM SH BEN INT | 25525P107 | 403 | 91,291 | SH | | SOLE | | 91,291 | 0 | 0 |
DOUGLAS EMMETT INC | COM | 25960P109 | 1,982 | 64,649 | SH | | SOLE | | 64,649 | 0 | 0 |
DUKE REALTY CORP | COM NEW | 264411505 | 9,826 | 277,676 | SH | | SOLE | | 277,676 | 0 | 0 |
EASTERLY GOVT PPTYS INC | COM | 27616P103 | 686 | 29,684 | SH | | SOLE | | 29,684 | 0 | 0 |
EASTGROUP PPTY INC | COM | 277276101 | 5,339 | 45,015 | SH | | SOLE | | 45,015 | 0 | 0 |
EMPIRE ST RLTY TR INC | CL A | 292104106 | 405 | 57,899 | SH | | SOLE | | 57,899 | 0 | 0 |
EPR PPTYS | COM SH BEN INT | 26884U109 | 998 | 30,148 | SH | | SOLE | | 30,148 | 0 | 0 |
EQUINIX INC | COM | 29444U700 | 50,982 | 72,593 | SH | | SOLE | | 72,593 | 0 | 0 |
EQUITY LIFESTYLE PPTYS INC | COM | 29472R108 | 19,843 | 317,599 | SH | | SOLE | | 317,599 | 0 | 0 |
EQUITY RESIDENTIAL | SH BEN INT | 29476L107 | 15,727 | 267,389 | SH | | SOLE | | 267,389 | 0 | 0 |
ESSENTIAL PPTYS RLTY TR INC | COM | 29670E107 | 784 | 52,836 | SH | | SOLE | | 52,836 | 0 | 0 |
ESSEX PPTY TR INC | COM | 297178105 | 9,111 | 39,758 | SH | | SOLE | | 39,758 | 0 | 0 |
EXTRA SPACE STORAGE INC | COM | 30225T102 | 8,683 | 94,007 | SH | | SOLE | | 94,007 | 0 | 0 |
FARMLAND PARTNERS INC | COM | 31154R109 | 68 | 10,050 | SH | | SOLE | | 10,050 | 0 | 0 |
FEDERAL REALTY INVT TR | SH BEN INT NEW | 313747206 | 2,481 | 29,121 | SH | | SOLE | | 29,121 | 0 | 0 |
FIRST INDL RLTY TR INC | COM | 32054K103 | 1,886 | 49,077 | SH | | SOLE | | 49,077 | 0 | 0 |
FOUR CORNERS PPTY TR INC | COM | 35086T109 | 678 | 27,799 | SH | | SOLE | | 27,799 | 0 | 0 |
FRANKLIN STR PPTYS CORP | COM | 35471R106 | 200 | 39,353 | SH | | SOLE | | 39,353 | 0 | 0 |
FRONT YD RESIDENTIAL CORP | COM | 35904G107 | 165 | 19,073 | SH | | SOLE | | 19,073 | 0 | 0 |
GAMING & LEISURE PPTYS INC | COM | 36467J108 | 8,711 | 251,777 | SH | | SOLE | | 251,777 | 0 | 0 |
GDS HLDGS LTD | SPONSORED ADS | 36165L108 | 5,974 | 75,000 | SH | | SOLE | | 75,000 | 0 | 0 |
GEO GROUP INC NEW | COM | 36162J106 | 536 | 45,345 | SH | | SOLE | | 45,345 | 0 | 0 |
GETTY RLTY CORP NEW | COM | 374297109 | 375 | 12,666 | SH | | SOLE | | 12,666 | 0 | 0 |
GLADSTONE COMMERCIAL CORP | COM | 376536108 | 242 | 12,950 | SH | | SOLE | | 12,950 | 0 | 0 |
GLOBAL MED REIT INC | COM NEW | 37954A204 | 169 | 14,936 | SH | | SOLE | | 14,936 | 0 | 0 |
GLOBAL NET LEASE INC | COM NEW | 379378201 | 578 | 34,574 | SH | | SOLE | | 34,574 | 0 | 0 |
HEALTHCARE RLTY TR | COM | 421946104 | 1,507 | 51,455 | SH | | SOLE | | 51,455 | 0 | 0 |
HEALTHCARE TR AMER INC | CL A NEW | 42225P501 | 3,684 | 138,942 | SH | | SOLE | | 138,942 | 0 | 0 |
HEALTHPEAK PROPERTIES INC | COM | 42250P103 | 14,437 | 523,872 | SH | | SOLE | | 523,872 | 0 | 0 |
HERSHA HOSPITALITY TR | PR SHS BEN INT | 427825500 | 75 | 13,107 | SH | | SOLE | | 13,107 | 0 | 0 |
HIGHWOODS PPTYS INC | COM | 431284108 | 2,805 | 75,166 | SH | | SOLE | | 75,166 | 0 | 0 |
HILTON WORLDWIDE HLDGS INC | COM | 43300A203 | 1,248 | 17,000 | SH | | SOLE | | 17,000 | 0 | 0 |
HOST HOTELS & RESORTS INC | COM | 44107P104 | 4,539 | 420,712 | SH | | SOLE | | 420,712 | 0 | 0 |
HUDSON PAC PPTYS INC | COM | 444097109 | 1,463 | 58,148 | SH | | SOLE | | 58,148 | 0 | 0 |
INDEPENDENCE RLTY TR INC | COM | 45378A106 | 419 | 36,482 | SH | | SOLE | | 36,482 | 0 | 0 |
INDUSTRIAL LOGISTICS PPTYS T | COM SHS BEN INT | 456237106 | 513 | 24,990 | SH | | SOLE | | 24,990 | 0 | 0 |
INVESTORS REAL ESTATE TRUST | SH BEN INT | 461730509 | 340 | 4,837 | SH | | SOLE | | 4,837 | 0 | 0 |
INVITATION HOMES INC | COM | 46187W107 | 19,293 | 700,807 | SH | | SOLE | | 700,807 | 0 | 0 |
IRON MTN INC NEW | COM | 46284V101 | 2,897 | 111,023 | SH | | SOLE | | 111,023 | 0 | 0 |
ISHARES TR | U.S. REAL ES ETF | 464287739 | 5,910 | 75,000 | SH | | SOLE | | 75,000 | 0 | 0 |
JBG SMITH PPTYS | COM | 46590V100 | 1,413 | 47,791 | SH | | SOLE | | 47,791 | 0 | 0 |
KILROY RLTY CORP | COM | 49427F108 | 5,076 | 86,482 | SH | | SOLE | | 86,482 | 0 | 0 |
KIMCO RLTY CORP | COM | 49446R109 | 2,071 | 161,366 | SH | | SOLE | | 161,366 | 0 | 0 |
KITE RLTY GROUP TR | COM NEW | 49803T300 | 364 | 31,614 | SH | | SOLE | | 31,614 | 0 | 0 |
LAMAR ADVERTISING CO NEW | CL A | 512816109 | 3,753 | 56,218 | SH | | SOLE | | 56,218 | 0 | 0 |
LAS VEGAS SANDS CORP | COM | 517834107 | 1,366 | 30,000 | SH | | SOLE | | 30,000 | 0 | 0 |
LEXINGTON REALTY TRUST | COM | 529043101 | 1,039 | 98,527 | SH | | SOLE | | 98,527 | 0 | 0 |
LIFE STORAGE INC | COM | 53223X107 | 1,724 | 18,167 | SH | | SOLE | | 18,167 | 0 | 0 |
LTC PPTYS INC | COM | 502175102 | 567 | 15,071 | SH | | SOLE | | 15,071 | 0 | 0 |
MACERICH CO | COM | 554382101 | 983 | 109,626 | SH | | SOLE | | 109,626 | 0 | 0 |
MACK CALI RLTY CORP | COM | 554489104 | 535 | 35,012 | SH | | SOLE | | 35,012 | 0 | 0 |
MARRIOTT INTL INC NEW | CL A | 571903202 | 1,028 | 12,000 | SH | | SOLE | | 12,000 | 0 | 0 |
MEDICAL PPTYS TRUST INC | COM | 58463J304 | 5,101 | 271,367 | SH | | SOLE | | 271,367 | 0 | 0 |
MGM GROWTH PPTYS LLC | CL A COM | 55303A105 | 2,721 | 100,000 | SH | | SOLE | | 100,000 | 0 | 0 |
MGM RESORTS INTERNATIONAL | COM | 552953101 | 1,428 | 85,000 | SH | | SOLE | | 85,000 | 0 | 0 |
MID-AMER APT CMNTYS INC | COM | 59522J103 | 13,675 | 119,258 | SH | | SOLE | | 119,258 | 0 | 0 |
MONMOUTH REAL ESTATE INVT CO | CL A | 609720107 | 543 | 37,474 | SH | | SOLE | | 37,474 | 0 | 0 |
NATIONAL HEALTH INVS INC | COM | 63633D104 | 991 | 16,334 | SH | | SOLE | | 16,334 | 0 | 0 |
NATIONAL RETAIL PROPERTIES I | COM | 637417106 | 2,370 | 66,810 | SH | | SOLE | | 66,810 | 0 | 0 |
NATIONAL STORAGE AFFILIATES | COM SHS BEN IN | 637870106 | 679 | 23,725 | SH | | SOLE | | 23,725 | 0 | 0 |
NEW SR INVT GROUP INC | COM | 648691103 | 114 | 31,544 | SH | | SOLE | | 31,544 | 0 | 0 |
NEXPOINT RESIDENTIAL TR INC | COM | 65341D102 | 292 | 8,263 | SH | | SOLE | | 8,263 | 0 | 0 |
OFFICE PPTYS INCOME TR | COM SHS BEN INT | 67623C109 | 473 | 18,251 | SH | | SOLE | | 18,251 | 0 | 0 |
OMEGA HEALTHCARE INVS INC | COM | 681936100 | 5,116 | 172,112 | SH | | SOLE | | 172,112 | 0 | 0 |
OUTFRONT MEDIA INC | COM | 69007J106 | 1,416 | 99,973 | SH | | SOLE | | 99,973 | 0 | 0 |
PARAMOUNT GROUP INC | COM | 69924R108 | 574 | 74,454 | SH | | SOLE | | 74,454 | 0 | 0 |
PARK HOTELS RESORTS INC | COM | 700517105 | 3,141 | 317,692 | SH | | SOLE | | 317,692 | 0 | 0 |
PEBBLEBROOK HOTEL TR | COM | 70509V100 | 1,163 | 85,172 | SH | | SOLE | | 85,172 | 0 | 0 |
PHYSICIANS RLTY TR | COM | 71943U104 | 1,369 | 78,190 | SH | | SOLE | | 78,190 | 0 | 0 |
PIEDMONT OFFICE REALTY TR IN | COM CL A | 720190206 | 816 | 49,178 | SH | | SOLE | | 49,178 | 0 | 0 |
POTLATCHDELTIC CORPORATION | COM | 737630103 | 966 | 25,420 | SH | | SOLE | | 25,420 | 0 | 0 |
PREFERRED APT CMNTYS INC | COM | 74039L103 | 135 | 17,820 | SH | | SOLE | | 17,820 | 0 | 0 |
PROLOGIS INC. | COM | 74340W103 | 57,913 | 620,522 | SH | | SOLE | | 620,522 | 0 | 0 |
PS BUSINESS PKS INC CALIF | COM | 69360J107 | 1,024 | 7,739 | SH | | SOLE | | 7,739 | 0 | 0 |
PUBLIC STORAGE | COM | 74460D109 | 18,886 | 98,424 | SH | | SOLE | | 98,424 | 0 | 0 |
QTS RLTY TR INC | COM CL A | 74736A103 | 2,956 | 46,125 | SH | | SOLE | | 46,125 | 0 | 0 |
RAYONIER INC | COM | 754907103 | 1,309 | 52,825 | SH | | SOLE | | 52,825 | 0 | 0 |
REALTY INCOME CORP | COM | 756109104 | 14,770 | 248,238 | SH | | SOLE | | 248,238 | 0 | 0 |
REGENCY CTRS CORP | COM | 758849103 | 9,402 | 204,883 | SH | | SOLE | | 204,883 | 0 | 0 |
RETAIL OPPORTUNITY INVTS COR | COM | 76131N101 | 502 | 44,354 | SH | | SOLE | | 44,354 | 0 | 0 |
RETAIL PPTYS AMER INC | CL A | 76131V202 | 614 | 83,972 | SH | | SOLE | | 83,972 | 0 | 0 |
REXFORD INDL RLTY INC | COM | 76169C100 | 15,740 | 379,935 | SH | | SOLE | | 379,935 | 0 | 0 |
RLJ LODGING TR | COM | 74965L101 | 613 | 64,936 | SH | | SOLE | | 64,936 | 0 | 0 |
RPT REALTY | SH BEN INT | 74971D101 | 209 | 30,156 | SH | | SOLE | | 30,156 | 0 | 0 |
RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 | 660 | 19,088 | SH | | SOLE | | 19,088 | 0 | 0 |
SABRA HEALTH CARE REIT INC | COM | 78573L106 | 3,298 | 228,570 | SH | | SOLE | | 228,570 | 0 | 0 |
SAFEHOLD INC | COM | 78645L100 | 382 | 6,656 | SH | | SOLE | | 6,656 | 0 | 0 |
SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 | 26,467 | 88,840 | SH | | SOLE | | 88,840 | 0 | 0 |
SERVICE PPTYS TR | COM SH BEN INT | 81761L102 | 449 | 63,399 | SH | | SOLE | | 63,399 | 0 | 0 |
SIMON PPTY GROUP INC NEW | COM | 828806109 | 15,582 | 227,874 | SH | | SOLE | | 227,874 | 0 | 0 |
SITE CENTERS CORP | COM | 82981J109 | 1,604 | 198,076 | SH | | SOLE | | 198,076 | 0 | 0 |
SL GREEN RLTY CORP | COM | 78440X101 | 4,038 | 81,934 | SH | | SOLE | | 81,934 | 0 | 0 |
SPIRIT RLTY CAP INC NEW | COM NEW | 84860W300 | 2,259 | 64,820 | SH | | SOLE | | 64,820 | 0 | 0 |
STAG INDL INC | COM | 85254J102 | 1,704 | 58,138 | SH | | SOLE | | 58,138 | 0 | 0 |
STORE CAP CORP | COM | 862121100 | 4,095 | 172,023 | SH | | SOLE | | 172,023 | 0 | 0 |
SUMMIT HOTEL PPTYS INC | COM | 866082100 | 242 | 40,889 | SH | | SOLE | | 40,889 | 0 | 0 |
SUN CMNTYS INC | COM | 866674104 | 21,767 | 160,431 | SH | | SOLE | | 160,431 | 0 | 0 |
SUNSTONE HOTEL INVS INC NEW | COM | 867892101 | 674 | 82,753 | SH | | SOLE | | 82,753 | 0 | 0 |
TANGER FACTORY OUTLET CTRS I | COM | 875465106 | 248 | 34,861 | SH | | SOLE | | 34,861 | 0 | 0 |
TAUBMAN CTRS INC | COM | 876664103 | 1,514 | 40,104 | SH | | SOLE | | 40,104 | 0 | 0 |
TERRENO RLTY CORP | COM | 88146M101 | 7,674 | 145,788 | SH | | SOLE | | 145,788 | 0 | 0 |
UDR INC | COM | 902653104 | 4,228 | 113,119 | SH | | SOLE | | 113,119 | 0 | 0 |
UMH PPTYS INC | COM | 903002103 | 178 | 13,835 | SH | | SOLE | | 13,835 | 0 | 0 |
UNITI GROUP INC | COM | 91325V108 | 1,355 | 144,924 | SH | | SOLE | | 144,924 | 0 | 0 |
UNIVERSAL HEALTH RLTY INCM T | SH BEN INT | 91359E105 | 391 | 4,923 | SH | | SOLE | | 4,923 | 0 | 0 |
URBAN EDGE PPTYS | COM | 91704F104 | 525 | 44,280 | SH | | SOLE | | 44,280 | 0 | 0 |
URSTADT BIDDLE PPTYS INC | CL A | 917286205 | 132 | 11,141 | SH | | SOLE | | 11,141 | 0 | 0 |
VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | 6,675 | 85,000 | SH | | SOLE | | 85,000 | 0 | 0 |
VENTAS INC | COM | 92276F100 | 12,252 | 334,574 | SH | | SOLE | | 334,574 | 0 | 0 |
VEREIT INC | COM | 92339V100 | 2,677 | 416,400 | SH | | SOLE | | 416,400 | 0 | 0 |
VICI PPTYS INC | COM | 925652109 | 9,792 | 485,023 | SH | | SOLE | | 485,023 | 0 | 0 |
VORNADO RLTY TR | SH BEN INT | 929042109 | 4,773 | 124,936 | SH | | SOLE | | 124,936 | 0 | 0 |
WASHINGTON PRIME GROUP NEW | COM | 93964W108 | 60 | 71,816 | SH | | SOLE | | 71,816 | 0 | 0 |
WASHINGTON REAL ESTATE INVT | SH BEN INT | 939653101 | 705 | 31,762 | SH | | SOLE | | 31,762 | 0 | 0 |
WEINGARTEN RLTY INVS | SH BEN INT | 948741103 | 882 | 46,617 | SH | | SOLE | | 46,617 | 0 | 0 |
WELLTOWER INC | COM | 95040Q104 | 18,733 | 361,994 | SH | | SOLE | | 361,994 | 0 | 0 |
WEYERHAEUSER CO MTN BE | COM NEW | 962166104 | 10,766 | 479,370 | SH | | SOLE | | 479,370 | 0 | 0 |
WHITESTONE REIT | COM | 966084204 | 111 | 15,336 | SH | | SOLE | | 15,336 | 0 | 0 |
WP CAREY INC | COM | 92936U109 | 4,969 | 73,462 | SH | | SOLE | | 73,462 | 0 | 0 |
WYNN RESORTS LTD | COM | 983134107 | 1,117 | 15,000 | SH | | SOLE | | 15,000 | 0 | 0 |
XENIA HOTELS & RESORTS INC | COM | 984017103 | 406 | 43,615 | SH | | SOLE | | 43,615 | 0 | 0 |