Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DHI	D R HORTON INC	2,014,410	$64.52M	12.6%	$23.19	+20.2%	COM	23331A109
LEN	LENNAR CORP	1,078,880	$52.77M	10.3%	$39.55	+9.6%	CL A	526057104
NVR	NVR INC	23,678	$38.9M	7.6%	$1472.69	+11.1%	COM	62944T105
PHM	PULTE GROUP INC	1,991,509	$35.49M	6.9%	$17.03	-3.4%	COM	745867101
TOL	TOLL BROTHERS INC	1,005,774	$33.49M	6.5%	$33.97	+5.0%	COM	889478103
DRI	DARDEN RESTAURANTS INC	354,497	$22.56M	4.4%	$43.56	0.0%	COM	237194105
—	FIRST DATA CORP NEW	1,243,187	$19.92M	3.9%	$16.02	—	COM CL A	32008D106
—	CALATLANTIC GROUP INC	479,201	$18.17M	3.5%	$37.92	—	COM	128195104
TPH	TRI POINTE GROUP INC	902,892	$11.44M	2.2%	$13.39	0.0%	COM	87265H109
—	FERRARI N V	173,000	$8.304M	1.6%	$48.00	—	COM	N3167J106
MTH	MERITAGE HOMES CORP	228,785	$7.776M	1.5%	$18.26	+0.1%	COM	59001A102
BLD	TOPBUILD CORP	237,309	$7.302M	1.4%	$30.00	0.0%	COM	89055F103
KBH	KB HOME	565,030	$6.967M	1.4%	$13.38	-10.7%	COM	48666K109
—	M D C HLDGS INC	242,570	$6.193M	1.2%	$26.13	—	COM	552676108
—	CHUBB CORP	41,801	$5.544M	1.1%	$132.63	—	COM	171232101
—	GENERAL ELECTRIC CO	175,750	$5.475M	1.1%	$2438.47	—	COM	369604103
—	MATCH GROUP INC	300,000	$4.065M	0.8%	$13.55	—	COM	57665R106
PEP	PEPSICO INC	39,887	$3.986M	0.8%	$73.47	0.0%	COM	713448108
T	AT&T INC	105,236	$3.621M	0.7%	$12.27	+1.4%	COM	00206R102
CSCO	CISCO SYS INC	132,513	$3.598M	0.7%	$20.16	0.0%	COM	17275R102
PSTG	PURE STORAGE INC	218,339	$3.4M	0.7%	$16.97	0.0%	CL A	74624M102
MHO	M/I HOMES INC	152,295	$3.338M	0.6%	$22.39	+2.5%	COM	55305B101
MRK	MERCK & CO INC NEW	60,557	$3.199M	0.6%	$36.77	0.0%	COM	58933Y105
—	DOW CHEM CO	61,601	$3.171M	0.6%	$3615.94	—	COM	260543103
JPM	JPMORGAN CHASE & CO	47,781	$3.155M	0.6%	$49.62	+0.1%	COM	46625H100
CMCSA	COMCAST CORP NEW	54,663	$3.085M	0.6%	$23.34	+1.8%	CL A	20030N101
WMT	WAL-MART STORES INC	49,423	$3.03M	0.6%	$16.63	0.0%	COM	931142103
CME	CME GROUP INC	30,000	$2.718M	0.5%	$60.87	+3.5%	COM	12572Q105
INTC	INTEL CORP	74,132	$2.554M	0.5%	$26.65	0.0%	COM	458140100
PFGC	PERFORMANCE FOOD GROUP CO	109,125	$2.525M	0.5%	$22.66	0.0%	COM	71377A103
WFC	WELLS FARGO & CO NEW	45,488	$2.473M	0.5%	$40.84	0.0%	COM	949746101
PG	PROCTER & GAMBLE CO	30,732	$2.44M	0.5%	$56.36	+2.8%	COM	742718109
AXP	AMERICAN EXPRESS CO	34,703	$2.414M	0.5%	$65.61	-4.2%	COM	025816109
CAT	CATERPILLAR INC DEL	34,782	$2.364M	0.5%	$59.61	-8.5%	COM	149123101
SGRY	SURGERY PARTNERS INC	113,250	$2.32M	0.5%	$19.11	0.0%	COM	86881A100
ORCL	ORACLE CORP	62,747	$2.292M	0.4%	$33.66	-2.5%	COM	68389X105
CVS	CVS HEALTH CORP	23,423	$2.29M	0.4%	$76.81	-5.5%	COM	126650100
SBUX	STARBUCKS CORP	38,064	$2.285M	0.4%	$48.06	+2.8%	COM	855244109
SPG	SIMON PPTY GROUP INC NEW	10,921	$2.123M	0.4%	$115.84	0.0%	COM	828806109
SLB	SCHLUMBERGER LTD	30,047	$2.096M	0.4%	$60.34	-7.0%	COM	806857108
MDT	MEDTRONIC PLC	26,328	$2.025M	0.4%	$58.56	0.0%	SHS	G5960L103
ABBV	ABBVIE INC	32,197	$1.907M	0.4%	$42.47	-10.6%	COM	00287Y109
MDLZ	MONDELEZ INTL INC	41,874	$1.878M	0.4%	$34.58	+2.6%	CL A	609207105
LOW	LOWES COS INC	22,268	$1.693M	0.3%	$57.19	+7.9%	COM	548661107
MO	ALTRIA GROUP INC	27,617	$1.608M	0.3%	$27.99	+5.3%	COM	02209S103
DE	DEERE & CO	19,963	$1.523M	0.3%	$69.25	-6.1%	COM	244199105
—	ALCOA INC	152,930	$1.509M	0.3%	$6334.09	—	COM	013817101
BMY	BRISTOL MYERS SQUIBB CO	21,879	$1.505M	0.3%	$44.61	+4.7%	COM	110122108
TXN	TEXAS INSTRS INC	26,637	$1.46M	0.3%	$37.37	+13.1%	COM	882508104
VZ	VERIZON COMMUNICATIONS INC	30,944	$1.43M	0.3%	$27.01	-0.3%	COM	92343V104
USB	US BANCORP DEL	32,864	$1.402M	0.3%	$29.75	-0.5%	COM NEW	902973304
DIS	DISNEY WALT CO	13,332	$1.401M	0.3%	$102.22	0.0%	COM DISNEY	254687106
FCX	FREEPORT-MCMORAN INC	205,791	$1.393M	0.3%	$10.07	-14.3%	CL B	35671D857
TRNO	TERRENO RLTY CORP	59,700	$1.35M	0.3%	$22.61	—	COM	88146M101
—	TIME WARNER CABLE INC	7,216	$1.339M	0.3%	$52302.95	—	COM	88732J207
MS	MORGAN STANLEY	42,023	$1.337M	0.3%	$27.11	-7.8%	COM NEW	617446448
PM	PHILIP MORRIS INTL INC	15,075	$1.325M	0.3%	$49.25	+6.2%	COM	718172109
ABT	ABBOTT LABS	29,495	$1.325M	0.3%	$38.06	-4.0%	COM	002824100
BK	BANK NEW YORK MELLON CORP	31,233	$1.287M	0.3%	$32.03	+1.4%	COM	064058100
YUM	YUM BRANDS INC	17,140	$1.252M	0.2%	$50.94	-15.0%	COM	988498101
AMT	AMERICAN TOWER CORP NEW	12,894	$1.25M	0.2%	$75.94	0.0%	COM	03027X100
—	CBS CORP NEW	26,502	$1.249M	0.2%	$47.13	—	CL B	124857202
BAX	BAXTER INTL INC	31,848	$1.215M	0.2%	$31.05	0.0%	COM	071813109
WDC	WESTERN DIGITAL CORP	19,584	$1.176M	0.2%	$46.58	-6.5%	COM	958102105
—	ACE LTD	9,287	$1.085M	0.2%	$13232.27	—	SHS	H0023R105
RY	ROYAL BK CDA MONTREAL QUE	20,096	$1.077M	0.2%	$56.09	0.0%	COM	780087102
COP	CONOCOPHILLIPS	23,004	$1.074M	0.2%	$38.37	0.0%	COM	20825C104
—	MONSANTO CO NEW	10,781	$1.062M	0.2%	$26095.01	—	COM	61166W101
CL	COLGATE PALMOLIVE CO	15,648	$1.042M	0.2%	$51.96	+1.1%	COM	194162103
PNC	PNC FINL SVCS GROUP INC	10,815	$1.031M	0.2%	$67.68	-0.7%	COM	693475105
COF	CAPITAL ONE FINL CORP	14,025	$1.012M	0.2%	$67.04	-4.8%	COM	14040H105
—	REYNOLDS AMERICAN INC	21,846	$1.008M	0.2%	$46.14	—	COM	761713106
M	MACYS INC	27,853	$974K	0.2%	$62.84	-31.0%	COM	55616P104
GIS	GENERAL MLS INC	16,715	$964K	0.2%	$39.59	+2.2%	COM	370334104
CAH	CARDINAL HEALTH INC	10,801	$964K	0.2%	$62.70	+1.5%	COM	14149Y108
OXY	OCCIDENTAL PETE CORP DEL	13,951	$943K	0.2%	$51.39	+4.0%	COM	674599105
RCL	ROYAL CARIBBEAN CRUISES LTD	9,273	$939K	0.2%	$84.50	0.0%	COM	V7780T103
GD	GENERAL DYNAMICS CORP	6,706	$921K	0.2%	$114.12	+0.5%	COM	369550108
WELL	WELLTOWER INC	13,483	$917K	0.2%	$44.70	-0.8%	COM	95040Q104
—	LAM RESEARCH CORP	11,318	$899K	0.2%	$79.43	—	COM	512807108
—	APACHE CORP	19,979	$888K	0.2%	$39.16	—	COM	037411105
—	VIACOM INC NEW	21,321	$878K	0.2%	$41.18	—	CL B	92553P201
—	SEAGATE TECHNOLOGY PLC	23,805	$873K	0.2%	$39.34	—	SHS	G7945M107
—	TERRAFORM GLOBAL INC	155,478	$869K	0.2%	$6.66	—	CL A	88104M101
—	RAYTHEON CO	6,950	$865K	0.2%	$112.61	—	COM NEW	755111507
RUN	SUNRUN INC	73,360	$863K	0.2%	$10.80	-15.6%	COM	86771W105
ALL	ALLSTATE CORP	13,866	$861K	0.2%	$49.75	0.0%	COM	020002101
STT	STATE STR CORP	12,819	$851K	0.2%	$55.01	-5.7%	COM	857477103
—	DISCOVER FINL SVCS	15,294	$820K	0.2%	$20546.11	—	COM	254709108
—	DELPHI AUTOMOTIVE PLC	9,246	$793K	0.2%	$81.97	—	SHS	G27823106
—	MEAD JOHNSON NUTRITION CO	10,018	$791K	0.2%	$27765.52	—	COM	582839106
CRM	SALESFORCE COM INC	10,000	$784K	0.2%	$77.15	0.0%	COM	79466L302
PCG	PG&E CORP	14,511	$772K	0.2%	$47.87	+3.1%	COM	69331C108
ADP	AUTOMATIC DATA PROCESSING IN	8,982	$761K	0.1%	$69.13	0.0%	COM	053015103
PPL	PPL CORP	22,266	$760K	0.1%	$21.46	0.0%	COM	69351T106
HST	HOST HOTELS & RESORTS INC	49,428	$758K	0.1%	$11.80	-6.5%	COM	44107P104
ECL	ECOLAB INC	6,576	$752K	0.1%	$103.44	+1.7%	COM	278865100
CMI	CUMMINS INC	8,496	$748K	0.1%	$75.80	0.0%	COM	231021106
SYY	SYSCO CORP	17,603	$722K	0.1%	$28.87	+9.0%	COM	871829107
RF	REGIONS FINL CORP NEW	74,964	$720K	0.1%	$6.68	0.0%	COM	7591EP100
C	CITIGROUP INC	13,600	$704K	0.1%	$39.62	0.0%	COM NEW	172967424
OMC	OMNICOM GROUP INC	9,274	$702K	0.1%	$52.01	0.0%	COM	681919106
FITB	FIFTH THIRD BANCORP	34,266	$689K	0.1%	$14.05	-1.2%	COM	316773100
—	WHOLE FOODS MKT INC	20,160	$675K	0.1%	$31.66	—	COM	966837106
PSX	PHILLIPS 66	8,158	$667K	0.1%	$59.08	0.0%	COM	718546104
—	JOHNSON CTLS INC	16,656	$658K	0.1%	$39.51	—	COM	478366107
GAP	GAP INC DEL	26,645	$658K	0.1%	$22.98	-19.1%	COM	364760108
—	NOBLE ENERGY INC	19,932	$656K	0.1%	$6611.31	—	COM	655044105
EIX	EDISON INTL	10,900	$645K	0.1%	$39.70	+2.6%	COM	281020107
—	AMPLIFY SNACK BRANDS	55,446	$639K	0.1%	$10.71	—	COM	03211L102
AVB	AVALONBAY CMNTYS INC	3,453	$636K	0.1%	$119.86	+6.1%	COM	053484101
ITW	ILLINOIS TOOL WKS INC	6,859	$636K	0.1%	$71.40	0.0%	COM	452308109
APD	AIR PRODS & CHEMS INC	4,842	$630K	0.1%	$99.44	-1.5%	COM	009158106
HIG	HARTFORD FINL SVCS GROUP INC	14,467	$629K	0.1%	$36.88	0.0%	COM	416515104
—	KANSAS CITY SOUTHERN	8,325	$622K	0.1%	$74.71	—	COM NEW	485170302
AMP	AMERIPRISE FINL INC	5,820	$619K	0.1%	$95.12	-5.2%	COM	03076C106
SYK	STRYKER CORP	6,459	$600K	0.1%	$86.91	-1.9%	COM	863667101
BEN	FRANKLIN RES INC	16,249	$598K	0.1%	$24.03	0.0%	COM	354613101
MRSH	MARSH & MCLENNAN COS INC	10,548	$585K	0.1%	$46.62	-0.5%	COM	571748102
—	HCP INC	15,112	$578K	0.1%	$29288.95	—	COM	40414L109
SRE	SEMPRA ENERGY	6,072	$571K	0.1%	$35.61	+0.6%	COM	816851109
—	XEROX CORP	52,812	$561K	0.1%	$1922.20	—	COM	984121103
XEL	XCEL ENERGY INC	15,384	$552K	0.1%	$25.10	+3.6%	COM	98389B100
PAYX	PAYCHEX INC	10,023	$530K	0.1%	$38.55	0.0%	COM	704326107
—	AON PLC	5,646	$521K	0.1%	$89.49	—	SHS CL A	G0408V102
—	TYCO INTL PLC	16,278	$519K	0.1%	$31.88	—	SHS	G91442106
SNX	SYNNEX CORP	5,600	$504K	0.1%	$41.17	0.0%	COM	87162W100
RL	RALPH LAUREN CORP	4,515	$503K	0.1%	$96.59	0.0%	CL A	751212101
CAG	CONAGRA FOODS INC	11,446	$483K	0.1%	$22.44	0.0%	COM	205887102
MSI	MOTOROLA SOLUTIONS INC	7,017	$480K	0.1%	$54.90	+8.2%	COM NEW	620076307
—	ST JUDE MED INC	7,665	$473K	0.1%	$62.67	—	COM	790849103
EMN	EASTMAN CHEM CO	6,993	$472K	0.1%	$50.32	0.0%	COM	277432100
—	DR PEPPER SNAPPLE GROUP INC	5,052	$471K	0.1%	$93.23	—	COM	26138E109
REXR	REXFORD INDL RLTY INC	28,700	$470K	0.1%	$16.38	—	COM	76169C100
A	AGILENT TECHNOLOGIES INC	11,118	$465K	0.1%	$34.81	+2.5%	COM	00846U101
CLX	CLOROX CO DEL	3,668	$465K	0.1%	$87.09	+7.1%	COM	189054109
DAL	DELTA AIR LINES INC DEL	9,100	$461K	0.1%	$43.67	0.0%	COM NEW	247361702
BXP	BOSTON PROPERTIES INC	3,585	$457K	0.1%	$78.94	+4.0%	COM	101121101
LNC	LINCOLN NATL CORP IND	8,790	$442K	0.1%	$36.55	-2.3%	COM	534187109
—	TIFFANY & CO NEW	5,696	$435K	0.1%	$76.88	—	COM	886547108
GWW	GRAINGER W W INC	2,140	$434K	0.1%	$174.89	0.0%	COM	384802104
KIM	KIMCO RLTY CORP	15,973	$423K	0.1%	$15.10	+5.1%	COM	49446R109
NUE	NUCOR CORP	10,455	$421K	0.1%	$33.52	-3.2%	COM	670346105
NTRS	NORTHERN TR CORP	5,778	$417K	0.1%	$54.64	0.0%	COM	665859104
FDX	FEDEX CORP	2,800	$417K	0.1%	$132.31	0.0%	COM	31428X106
ESS	ESSEX PPTY TR INC	1,704	$408K	0.1%	$160.47	+2.6%	COM	297178105
FE	FIRSTENERGY CORP	12,520	$397K	0.1%	$20.59	0.0%	COM	337932107
DTE	DTE ENERGY CO	4,944	$396K	0.1%	$47.81	+2.7%	COM	233331107
AFL	AFLAC INC	6,516	$390K	0.1%	$24.53	0.0%	COM	001055102
WEC	WEC ENERGY GROUP INC	7,502	$385K	0.1%	$36.78	0.0%	COM	92939U106
DGX	QUEST DIAGNOSTICS INC	5,370	$382K	0.1%	$57.00	-3.5%	COM	74834L100
TRV	TRAVELERS COMPANIES INC	3,270	$369K	0.1%	$88.89	0.0%	COM	89417E109
VNO	VORNADO RLTY TR	3,609	$361K	0.1%	$100.03	—	SH BEN INT	929042109
EQR	EQUITY RESIDENTIAL	4,420	$361K	0.1%	$46.78	0.0%	SH BEN INT	29476L107
—	SL GREEN RLTY CORP	3,003	$339K	0.1%	$109.58	—	COM	78440X101
HRL	HORMEL FOODS CORP	4,230	$335K	0.1%	$27.86	0.0%	COM	440452100
TRU	TRANSUNION	11,509	$317K	0.1%	$24.05	+3.2%	COM	89400J107
—	KEURIG GREEN MTN INC	3,353	$302K	0.1%	$90.07	—	COM	49271M100
KLAC	KLA-TENCOR CORP	4,234	$294K	0.1%	$53.38	0.0%	COM	482480100
EG	EVEREST RE GROUP LTD	1,600	$293K	0.1%	$146.68	0.0%	COM	G3223R108
RSG	REPUBLIC SVCS INC	6,615	$291K	0.1%	$36.64	0.0%	COM	760759100
APH	AMPHENOL CORP NEW	5,559	$290K	0.1%	$12.14	0.0%	CL A	032095101
—	GENERAL GROWTH PPTYS INC NEW	10,556	$287K	0.1%	$4604.76	—	COM	370023103
GPC	GENUINE PARTS CO	3,267	$281K	0.1%	$65.22	0.0%	COM	372460105
KR	KROGER CO	6,700	$280K	0.1%	$31.65	0.0%	COM	501044101
PNR	PENTAIR PLC	5,636	$279K	0.1%	$33.02	-6.4%	SHS	G7S00T104
—	BIOMED REALTY TRUST INC	11,700	$277K	0.1%	$23.68	—	COM	09063H107
MKC	MCCORMICK & CO INC	3,213	$275K	0.1%	$33.36	+4.3%	COM NON VTG	579780206
CMS	CMS ENERGY CORP	7,452	$269K	0.1%	$26.41	0.0%	COM	125896100
—	CSRA INC	8,700	$261K	0.1%	$30.00	—	COM	12650T104
KMI	KINDER MORGAN INC DEL	16,780	$250K	0.0%	$24.33	-41.3%	COM	49456B101
—	APARTMENT INVT & MGMT CO	5,800	$232K	0.0%	$40.00	—	CL A	03748R101
SJM	SMUCKER J M CO	1,664	$205K	0.0%	$87.89	0.0%	COM NEW	832696405