#	Holding	Value	% Port.	Δ Shares	Change (QoQ)
1	Prologis Inc	$14993	5.82%	-13100	-6.54%
2	Simon Property Group Inc	$13791	5.35%	-5985	-6.48%
3	Hemisphere Media Group Inc	$12027	4.67%	—	Held
4	Equinix Inc	$12009	4.66%	-1190	-4.76%
5	Welltower Inc	$9351	3.63%	—	Held
6	Equity Residential	$8346	3.24%	-8650	-7.29%
7	Pub Storage	$8231	3.19%	-3135	-8.32%
8	Avalonbay Cmntys Inc	$6962	2.70%	—	Held
9	Digital Rlty Tr Inc	$6762	2.62%	-9030	-13.59%
10	Essex Ppty Tr	$6699	2.60%	-2030	-8.13%
11	Bstn Pptys Inc	$6179	2.40%	-4700	-8.94%
12	Realty Income Corp	$6135	2.38%	—	Held
13	Alexandria Real Estate Equities Inc	$5599	2.17%	-2845	-6.69%
14	Hcp Inc Com	$5241	2.03%	—	Held
15	Ventas Inc	$5166	2.00%	+10025	+15.29%
16	Host Hotels & Resorts Inc	$5073	1.97%	—	Held
17	Udr Inc	$4318	1.68%	-14295	-12.94%
18	Regency Ctrs Corp	$4048	1.57%	—	Held
19	Extra Space Storage Inc	$3831	1.49%	-10015	-21.71%
20	Federal Realty Invt Tr	$3666	1.42%	-4710	-14.19%
21	Sun Communities Inc C	$3607	1.40%	-6700	-19.23%
22	Duke Rlty Corp	$3527	1.37%	-51170	-31.44%
23	Gaming & Leisure Pptys Inc Com	$3389	1.31%	—	Held
24	Eqty Lifestyle Pptys Inc	$3343	1.30%	-3855	-12.27%
25	Vici Pptys Inc	$3116	1.21%	-28500	-16.77%
26	Medical Pptys Tr Inc	$2805	1.09%	—	Held
27	Store Capital Corporation	$2769	1.07%	—	Held
28	Invitation Homes Inc	$2752	1.07%	—	Held
29	Kilroy Rlty Corp	$2589	1.00%	-11380	-24.50%
30	Park Hotels & Resorts Inc	$2585	1.00%	-23610	-20.11%
31	Kimco Rlty Corp	$2584	1.00%	—	Held
32	Camden Ppty Tr	$2572	1.00%	—	NEW BUY
33	Douglas Emmett Inc	$2571	1.00%	-11190	-14.78%
34	W P Carey Inc	$2553	0.99%	+7200	+29.69%
35	Ryman Hospitality Pptys Inc	$2486	0.96%	-3130	-9.26%
36	Mid-Amer Apt Cmntys Inc	$2411	0.94%	—	NEW BUY
37	Epr Pptys	$2403	0.93%	—	Held
38	Eastgroup Pptys Inc	$2397	0.93%	-8380	-28.85%
39	Cousins Pptys Inc	$2351	0.91%	—	NEW BUY
40	Rexford Indl Rlty Inc	$2348	0.91%	-26100	-30.97%
41	American Homes 4 Rent	$2321	0.90%	-22300	-18.93%
42	Omega Healthcare Invs Inc	$2250	0.87%	-22500	-26.87%
43	Cyrusone Inc	$2194	0.85%	-8920	-19.01%
44	Iron Mtn Inc New	$2120	0.82%	+21150	+45.42%
45	Vornado Rlty Tr	$2115	0.82%	—	Held
46	American Campus Cmntys Inc	$2018	0.78%	—	Held
47	Agree Rlty Corp	$1982	0.77%	+7200	+30.32%
48	National Retail Pptys Inc	$1981	0.77%	-13900	-27.12%
49	Hudson Pacific Properties Inc	$1976	0.77%	—	NEW BUY
50	Cubesmart	$1933	0.75%	—	NEW BUY
51	Caretrust Reit Inc	$1861	0.72%	—	Held
52	Pebblebrook Hotel Tr	$1834	0.71%	-29160	-30.94%
53	Brixmor Ppty Group Inc	$1766	0.69%	—	Held
54	Liberty Ppty Tr	$1758	0.68%	—	NEW BUY
55	Corporate Office Pptys Tr	$1636	0.63%	—	NEW BUY
56	Sabra Health Care Reit Inc	$1584	0.61%	—	Held
57	American Tower Corp	$1567	0.61%	-3470	-31.16%
58	Apartment Investment & Management	$1552	0.60%	-37656	-54.88%
59	National Storage Affiliates Tr Co	$1475	0.57%	—	Held
60	Lamar Advertising Co New	$1465	0.57%	—	NEW BUY
61	Americold Rlty Tr	$1394	0.54%	—	NEW BUY
62	Jbg Smith Pptys	$1366	0.53%	—	NEW BUY
63	Taubman Ctrs Inc	$1187	0.46%	-8700	-23.03%
64	Acadia Rlty Tr	$1176	0.46%	-25010	-36.80%
65	Highwoods Pptys Inc	$1171	0.45%	—	NEW BUY
66	Coresite Rlty Corp	$1129	0.44%	—	NEW BUY
67	Vereit Inc	$1059	0.41%	—	Held
68	Sl Green Rlty Corp	$983	0.38%	—	Held
69	Site Centers Corp	$983	0.38%	—	NEW BUY
70	Outfront Media Inc	$980	0.38%	—	NEW BUY
71	Geo Group Inc New	$940	0.36%	-24100	-35.01%
72	Stag Indl Inc	$770	0.30%	—	NEW BUY
73	Macerich Co	$738	0.29%	—	Held
74	Corecivic Inc	$677	0.26%	—	NEW BUY
75	Rlj Lodging Tr	$600	0.23%	—	NEW BUY
76	Sunstone Hotel Invs Inc New	$586	0.23%	—	NEW BUY
77	Washington Real Estate Invt	$586	0.23%	—	NEW BUY
78	Antero Res Corp	$256	0.10%	—	Held
79	Contura Energy Inc	$222	0.09%	-1071	-24.99%

Holdings disclosed quarterly to the SEC on Form 13-F and may be up to 45 days old. Values as reported. For research only — not investment advice.