Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	TWENTY FIRST CENTY FOX INC	4,524,265	$151M	16.3%	$34.23	—	CL B	90130A200
MRK	MERCK & CO INC NEW	350,054	$20.75M	2.2%	$27.22	+44.7%	COM	58933Y105
AAPL	APPLE INC	205,894	$20.74M	2.2%	$18.54	+16.6%	COM	037833100
MSFT	MICROSOFT CORP	428,600	$19.87M	2.1%	$24.91	+51.2%	COM	594918104
JNJ	JOHNSON & JOHNSON	154,977	$16.52M	1.8%	$53.87	+40.3%	COM	478160104
WFC	WELLS FARGO & CO NEW	304,703	$15.8M	1.7%	$26.89	+39.2%	COM	949746101
HAL	HALLIBURTON CO	231,202	$14.91M	1.6%	$45.14	+22.3%	COM	406216101
SPG	SIMON PPTY GROUP INC NEW	85,623	$14.08M	1.5%	$86.24	+12.3%	COM	828806109
VWO	VANGUARD INTL EQUITY INDEX F	332,400	$13.86M	1.5%	$40.88	—	FTSE EMR MKT ETF	922042858
CVX	CHEVRON CORP NEW	108,533	$12.95M	1.4%	$67.99	+15.5%	COM	166764100
ORCL	ORACLE CORP	324,138	$12.41M	1.3%	$30.08	+13.8%	COM	68389X105
CSCO	CISCO SYS INC	456,100	$11.48M	1.2%	$14.18	+24.8%	COM	17275R102
EBAY	EBAY INC	199,245	$11.28M	1.2%	$20.19	-2.0%	COM	278642103
EOG	EOG RES INC	113,625	$11.25M	1.2%	$68.78	+15.3%	COM	26875P101
—	GOOGLE INC	18,961	$11.08M	1.2%	$688.16	—	CL A	38259P508
—	MAXIM INTEGRATED PRODS INC	356,727	$10.79M	1.2%	$30.16	—	COM	57772K101
HD	HOME DEPOT INC	114,882	$10.54M	1.1%	$59.40	+10.7%	COM	437076102
INTC	INTEL CORP	302,445	$10.53M	1.1%	$15.32	+68.0%	COM	458140100
PNC	PNC FINL SVCS GROUP INC	122,750	$10.51M	1.1%	$42.89	+39.5%	COM	693475105
VZ	VERIZON COMMUNICATIONS INC	201,829	$10.09M	1.1%	$26.56	+4.7%	COM	92343V104
IP	INTL PAPER CO	196,496	$9.381M	1.0%	$23.95	+19.6%	COM	460146103
UNH	UNITEDHEALTH GROUP INC	108,405	$9.35M	1.0%	$44.59	+57.7%	COM	91324P102
JPM	JPMORGAN CHASE & CO	154,366	$9.299M	1.0%	$36.73	+17.4%	COM	46625H100
ETN	EATON CORP PLC	140,565	$8.908M	1.0%	$55.08	-1.7%	SHS	G29183103
SLB	SCHLUMBERGER LTD	85,422	$8.687M	0.9%	$63.35	+25.5%	COM	806857108
—	UNITED TECHNOLOGIES CORP	79,168	$8.36M	0.9%	$98.74	—	COM	913017109
BMY	BRISTOL MYERS SQUIBB CO	160,837	$8.232M	0.9%	$32.04	+6.8%	COM	110122108
—	NORDSTROM INC	120,280	$8.224M	0.9%	$55.23	—	COM	655664100
—	E M C CORP MASS	279,954	$8.191M	0.9%	$24.37	—	COM	268648102
AVB	AVALONBAY CMNTYS INC	57,350	$8.085M	0.9%	$90.59	+12.1%	COM	053484101
AMGN	AMGEN INC	56,218	$7.896M	0.9%	$62.49	+51.3%	COM	031162100
WMT	WAL-MART STORES INC	103,014	$7.877M	0.9%	$19.86	+2.3%	COM	931142103
TSM	TAIWAN SEMICONDUCTOR MFG LTD	385,167	$7.773M	0.8%	$17.25	—	SPONSORED ADR	874039100
—	GENERAL ELECTRIC CO	298,865	$7.657M	0.8%	$24.68	—	COM	369604103
PM	PHILIP MORRIS INTL INC	89,127	$7.433M	0.8%	$46.79	+2.3%	COM	718172109
—	BLACKROCK INC	22,319	$7.328M	0.8%	$96.97	—	COM	09247X101
—	MARVELL TECHNOLOGY GROUP LTD	525,114	$7.079M	0.8%	$14.33	—	ORD	G5876H105
PLD	PROLOGIS INC	183,122	$6.904M	0.7%	$27.11	+6.4%	COM	74340W103
MRSH	MARSH & MCLENNAN COS INC	131,313	$6.873M	0.7%	$28.64	+49.2%	COM	571748102
HST	HOST HOTELS & RESORTS INC	311,576	$6.646M	0.7%	$11.15	+25.8%	COM	44107P104
—	MARATHON OIL CORP	174,789	$6.57M	0.7%	$33.85	—	COM	565849106
—	KRAFT FOODS GROUP INC	113,552	$6.404M	0.7%	$55.09	—	COM	50076Q106
C	CITIGROUP INC	122,103	$6.327M	0.7%	$35.54	+5.3%	COM NEW	172967424
—	CELGENE CORP	65,840	$6.24M	0.7%	$94.78	—	COM	151020104
—	SL GREEN RLTY CORP	59,436	$6.022M	0.6%	$89.45	—	COM	78440X101
V	VISA INC	27,768	$5.925M	0.6%	$50.19	-1.1%	COM CL A	92826C839
EWC	ISHARES	59,000	$5.919M	0.6%	$104.91	—	MSCI CDA ETF	464286509
MET	METLIFE INC	105,204	$5.652M	0.6%	$31.84	+4.5%	COM	59156R108
PHM	PULTE GROUP INC	319,788	$5.647M	0.6%	$15.61	+4.4%	COM	745867101
TGT	TARGET CORP	88,121	$5.523M	0.6%	$41.64	+3.8%	COM	87612E106
YUM	YUM BRANDS INC	76,513	$5.507M	0.6%	$41.32	+3.8%	COM	988498101
ICE	INTERCONTINENTAL EXCHANGE IN	28,202	$5.501M	0.6%	$35.28	-6.0%	COM	45866F104
VTR	VENTAS INC	88,609	$5.489M	0.6%	$42.53	+4.0%	COM	92276F100
FFIV	F5 NETWORKS INC	44,860	$5.327M	0.6%	$102.54	+14.6%	COM	315616102
ADBE	ADOBE SYS INC	76,920	$5.322M	0.6%	$50.81	+39.5%	COM	00724F101
PFE	PFIZER INC	178,238	$5.27M	0.6%	$15.88	+9.9%	COM	717081103
LOW	LOWES COS INC	99,531	$5.267M	0.6%	$38.58	+6.8%	COM	548661107
NDAQ	NASDAQ OMX GROUP INC	122,920	$5.214M	0.6%	$11.50	+1.5%	COM	631103108
XEL	XCEL ENERGY INC	171,403	$5.211M	0.6%	$18.42	+18.2%	COM	98389B100
—	SYMANTEC CORP	221,484	$5.207M	0.6%	$23.41	—	COM	871503108
NXPI	NXP SEMICONDUCTORS N V	75,848	$5.19M	0.6%	$52.09	+13.5%	COM	N6596X109
PEP	PEPSICO INC	54,948	$5.115M	0.6%	$55.31	+17.3%	COM	713448108
—	PALL CORP	59,490	$4.979M	0.5%	$75.81	—	COM	696429307
XOM	EXXON MOBIL CORP	52,798	$4.966M	0.5%	$54.59	+12.7%	COM	30231G102
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	107,570	$4.816M	0.5%	$38.82	+7.5%	CL A	192446102
PG	PROCTER & GAMBLE CO	57,478	$4.813M	0.5%	$53.55	+11.5%	COM	742718109
UAL	UNITED CONTL HLDGS INC	101,242	$4.737M	0.5%	$37.62	+23.4%	COM	910047109
—	CYTEC INDS INC	97,680	$4.619M	0.5%	$59.28	—	COM	232820100
OXY	OCCIDENTAL PETE CORP DEL	45,429	$4.368M	0.5%	$63.40	+7.3%	COM	674599105
CVS	CVS HEALTH CORP	53,103	$4.226M	0.5%	$49.52	+16.1%	COM	126650100
KO	COCA COLA CO	98,529	$4.203M	0.5%	$26.41	+9.2%	COM	191216100
VEA	VANGUARD TAX MANAGED INTL FD	105,000	$4.174M	0.5%	$41.11	—	FTSE DEV MKT ETF	921943858
KRC	KILROY RLTY CORP	66,573	$3.957M	0.4%	$52.40	—	COM	49427F108
PVH	PVH CORP	32,031	$3.881M	0.4%	$124.08	-7.1%	COM	693656100
—	ICONIX BRAND GROUP INC	101,800	$3.76M	0.4%	$38.45	—	COM	451055107
QCOM	QUALCOMM INC	49,657	$3.713M	0.4%	$51.37	+7.9%	COM	747525103
ELS	EQUITY LIFESTYLE PPTYS INC	86,694	$3.672M	0.4%	$50.10	—	COM	29472R108
TS	TENARIS S A	79,900	$3.639M	0.4%	$44.88	—	SPONSORED ADR	88031M109
GS	GOLDMAN SACHS GROUP INC	19,577	$3.594M	0.4%	$115.64	+21.6%	COM	38141G104
—	NEWFIELD EXPL CO	96,700	$3.585M	0.4%	$26.35	—	COM	651290108
—	GENERAL GROWTH PPTYS INC NEW	151,250	$3.562M	0.4%	$21.36	—	COM	370023103
—	DIRECTV	40,175	$3.476M	0.4%	$77.97	—	COM	25490A309
STT	STATE STR CORP	46,894	$3.452M	0.4%	$50.13	+3.9%	COM	857477103
—	BARRICK GOLD CORP	234,301	$3.435M	0.4%	$28.76	—	COM	067901108
BK	BANK NEW YORK MELLON CORP	88,560	$3.43M	0.4%	$24.96	+17.9%	COM	064058100
VRTX	VERTEX PHARMACEUTICALS INC	30,493	$3.425M	0.4%	$70.12	+35.8%	COM	92532F100
BAX	BAXTER INTL INC	45,681	$3.279M	0.4%	$30.46	+9.8%	COM	071813109
WU	WESTERN UN CO	199,027	$3.192M	0.3%	$16.65	—	COM	959802109
ESRT	EMPIRE ST RLTY TR INC	210,800	$3.166M	0.3%	$15.49	—	CL A	292104106
—	CHICAGO BRIDGE & IRON CO N V	52,800	$3.054M	0.3%	$290.08	—	COM	167250109
BBD	BANCO BRADESCO S A	208,631	$2.973M	0.3%	$13.87	—	SP ADR PFD NEW	059460303
BAC	BANK AMER CORP	173,300	$2.955M	0.3%	$12.25	+2.6%	COM	060505104
SPY	SPDR S&P 500 ETF TR	15,000	$2.955M	0.3%	$196.67	—	TR UNIT	78462F103
T	AT&T INC	82,864	$2.92M	0.3%	$10.93	+8.8%	COM	00206R102
GIS	GENERAL MLS INC	55,544	$2.802M	0.3%	$34.20	+3.7%	COM	370334104
AKR	ACADIA RLTY TR	101,500	$2.799M	0.3%	$27.20	—	COM SH BEN INT	004239109
MA	MASTERCARD INC	37,316	$2.758M	0.3%	$72.17	-1.5%	CL A	57636Q104
MCD	MCDONALDS CORP	27,767	$2.633M	0.3%	$70.09	+1.6%	COM	580135101
CLH	CLEAN HARBORS INC	48,760	$2.629M	0.3%	$57.26	+2.7%	COM	184496107
CSX	CSX CORP	81,250	$2.605M	0.3%	$8.62	0.0%	COM	126408103
BCO	BRINKS CO	107,700	$2.589M	0.3%	$24.41	-3.4%	COM	109696104
—	JUNIPER NETWORKS INC	110,200	$2.441M	0.3%	$22.15	—	COM	48203R104
SWK	STANLEY BLACK & DECKER INC	27,320	$2.426M	0.3%	$61.59	+8.7%	COM	854502101
MO	ALTRIA GROUP INC	51,590	$2.37M	0.3%	$15.48	+33.6%	COM	02209S103
WHR	WHIRLPOOL CORP	16,200	$2.36M	0.3%	$147.80	0.0%	COM	963320106
GME	GAMESTOP CORP NEW	56,000	$2.307M	0.2%	$7.81	0.0%	CL A	36467W109
CMCSA	COMCAST CORP NEW	42,565	$2.289M	0.2%	$18.64	+13.6%	CL A	20030N101
FMX	FOMENTO ECONOMICO MEXICANO S	24,500	$2.255M	0.2%	$93.20	—	SPON ADR UNITS	344419106
IBN	ICICI BK LTD	45,500	$2.234M	0.2%	$47.53	—	ADR	45104G104
—	VALE S A	228,600	$2.22M	0.2%	$12.49	—	ADR REPSTG PFD	91912E204
—	PRAXAIR INC	17,211	$2.22M	0.2%	$121.60	—	COM	74005P104
RRX	REGAL BELOIT CORP	34,000	$2.185M	0.2%	$71.93	0.0%	COM	758750103
AGCO	AGCO CORP	47,500	$2.159M	0.2%	$40.92	-4.2%	COM	001084102
—	ZHAOPIN LTD	164,500	$2.134M	0.2%	$13.18	—	SPONSORED ADR	98954L103
ESS	ESSEX PPTY TR INC	11,753	$2.101M	0.2%	$112.17	+16.6%	COM	297178105
USB	US BANCORP DEL	49,663	$2.077M	0.2%	$26.58	+6.9%	COM NEW	902973304
TRNO	TERRENO RLTY CORP	106,700	$2.009M	0.2%	$19.03	—	COM	88146M101
—	FLIR SYS INC	63,580	$1.993M	0.2%	$28.91	—	COM	302445101
—	HOME PROPERTIES INC	33,674	$1.961M	0.2%	$62.44	—	COM	437306103
—	FEDERAL REALTY INVT TR	16,213	$1.921M	0.2%	$111.48	—	SH BEN INT NEW	313747206
DRH	DIAMONDROCK HOSPITALITY CO	143,000	$1.813M	0.2%	$12.68	—	COM	252784301
ABBV	ABBVIE INC	31,312	$1.809M	0.2%	$25.25	+39.3%	COM	00287Y109
DEI	DOUGLAS EMMETT INC	65,661	$1.686M	0.2%	$24.87	—	COM	25960P109
COP	CONOCOPHILLIPS	18,927	$1.448M	0.2%	$38.88	+45.8%	COM	20825C104
MAC	MACERICH CO	22,411	$1.43M	0.2%	$62.15	—	COM	554382101
—	SOTHEBYS	40,000	$1.429M	0.2%	$35.73	—	COM	835898107
—	HCP INC	34,402	$1.366M	0.1%	$39.14	—	COM	40414L109
LLY	LILLY ELI & CO	20,625	$1.338M	0.1%	$42.34	+21.3%	COM	532457108
IBM	INTERNATIONAL BUSINESS MACHS	6,717	$1.275M	0.1%	$115.59	-1.1%	COM	459200101
PSA	PUBLIC STORAGE	7,543	$1.251M	0.1%	$98.61	+12.0%	COM	74460D109
—	DU PONT E I DE NEMOURS & CO	16,977	$1.218M	0.1%	$52.19	—	COM	263534109
—	HUDSON PAC PPTYS INC	49,297	$1.216M	0.1%	$23.70	—	COM	444097109
PBR/A	PETROLEO BRASILEIRO SA PETRO	80,800	$1.203M	0.1%	$13.87	—	SP ADR NON VTG	71654V101
—	HEALTH CARE REIT INC	19,078	$1.19M	0.1%	$62.38	—	COM	42217K106
—	DOW CHEM CO	21,870	$1.147M	0.1%	$32.66	—	COM	260543103
EW	EDWARDS LIFESCIENCES CORP	10,540	$1.077M	0.1%	$14.64	+7.8%	COM	28176E108
CUBE	CUBESMART	58,100	$1.045M	0.1%	$17.48	—	COM	229663109
EQR	EQUITY RESIDENTIAL	15,993	$985K	0.1%	$30.37	+21.6%	SH BEN INT	29476L107
CL	COLGATE PALMOLIVE CO	14,788	$964K	0.1%	$46.54	+8.9%	COM	194162103
VNO	VORNADO RLTY TR	9,535	$953K	0.1%	$84.56	—	SH BEN INT	929042109
ABT	ABBOTT LABS	21,812	$907K	0.1%	$28.16	+21.2%	COM	002824100
BXP	BOSTON PROPERTIES INC	7,660	$887K	0.1%	$67.20	+10.5%	COM	101121101
LYB	LYONDELLBASELL INDUSTRIES N	8,018	$871K	0.1%	$36.11	+64.0%	SHS - A -	N53745100
MMM	3M CO	6,135	$869K	0.1%	$69.30	+20.5%	COM	88579Y101
AXP	AMERICAN EXPRESS CO	9,526	$834K	0.1%	$55.84	+37.0%	COM	025816109
DUK	DUKE ENERGY CORP NEW	10,500	$785K	0.1%	$44.14	+3.4%	COM NEW	26441C204
—	MEDTRONIC INC	12,544	$777K	0.1%	$49.34	—	COM	585055106
DLR	DIGITAL RLTY TR INC	11,799	$736K	0.1%	$34.58	+20.4%	COM	253868103
FCX	FREEPORT-MCMORAN INC	22,493	$734K	0.1%	$25.72	+23.0%	CL B	35671D857
KMB	KIMBERLY CLARK CORP	6,552	$705K	0.1%	$62.08	+14.1%	COM	494368103
KIM	KIMCO RLTY CORP	29,301	$642K	0.1%	$12.40	+7.2%	COM	49446R109
—	MONSANTO CO NEW	5,376	$605K	0.1%	$112.20	—	COM	61166W101
BA	BOEING CO	4,727	$602K	0.1%	$90.38	+20.9%	COM	097023105
O	REALTY INCOME CORP	14,461	$590K	0.1%	$23.46	+6.6%	COM	756109104
SO	SOUTHERN CO	12,728	$556K	0.1%	$25.14	+7.8%	COM	842587107
UPS	UNITED PARCEL SERVICE INC	5,570	$547K	0.1%	$61.72	+7.5%	CL B	911312106
UNP	UNION PAC CORP	4,836	$524K	0.1%	$71.30	+12.7%	COM	907818108
KMI	KINDER MORGAN INC DEL	13,161	$505K	0.1%	$18.95	+13.1%	COM	49456B101
PSX	PHILLIPS 66	6,192	$503K	0.1%	$47.79	+15.3%	COM	718546104
—	COVIDIEN PLC	5,677	$491K	0.1%	$82.64	—	SHS	G2554F113
—	REYNOLDS AMERICAN INC	8,132	$480K	0.1%	$49.12	—	COM	761713106
BAP	CREDICORP LTD	3,100	$476K	0.1%	$93.96	+24.0%	COM	G2519Y108
CAT	CATERPILLAR INC DEL	4,768	$472K	0.1%	$67.07	+18.2%	COM	149123101
D	DOMINION RES INC VA NEW	6,423	$444K	0.0%	$39.44	+8.1%	COM	25746U109
BVN	COMPANIA DE MINAS BUENAVENTU	35,800	$415K	0.0%	$11.97	—	SPONSORED ADR	204448104
F	FORD MTR CO DEL	28,000	$414K	0.0%	$7.99	+17.5%	COM PAR $0.01	345370860
UDR	UDR INC	11,454	$312K	0.0%	$16.02	+21.0%	COM	902653104
—	CBL & ASSOC PPTYS INC	16,113	$288K	0.0%	$18.86	—	COM	124830100
—	HOSPITALITY PPTYS TR	10,506	$282K	0.0%	$28.28	—	COM SH BEN INT	44106M102
—	LORILLARD INC	4,500	$270K	0.0%	$60.00	—	COM	544147101
—	DUKE REALTY CORP	15,525	$267K	0.0%	$17.11	—	COM NEW	264411505
CPT	CAMDEN PPTY TR	3,753	$257K	0.0%	$41.30	+12.4%	SH BEN INT	133131102
MDLZ	MONDELEZ INTL INC	7,500	$257K	0.0%	$26.61	+6.4%	CL A	609207105
DIS	DISNEY WALT CO	2,871	$256K	0.0%	$62.85	+26.2%	COM DISNEY	254687106
LMT	LOCKHEED MARTIN CORP	1,380	$252K	0.0%	$102.63	+21.7%	COM	539830109
—	LIBERTY PPTY TR	7,535	$251K	0.0%	$35.26	—	SH BEN INT	531172104
—	SENIOR HSG PPTYS TR	11,992	$251K	0.0%	$22.96	—	SH BEN INT	81721M109
LVS	LAS VEGAS SANDS CORP	4,000	$249K	0.0%	$49.32	0.0%	COM	517834107
—	SPECTRA ENERGY CORP	6,181	$243K	0.0%	$42.24	—	COM	847560109
SCCO	SOUTHERN COPPER CORP	8,000	$237K	0.0%	$20.90	0.0%	COM	84265V105
CME	CME GROUP INC	2,845	$227K	0.0%	$44.44	+7.8%	COM	12572Q105
—	TAUBMAN CTRS INC	3,113	$227K	0.0%	$75.70	—	COM	876664103
REG	REGENCY CTRS CORP	4,217	$227K	0.0%	$34.49	+5.6%	COM	758849103
ACN	ACCENTURE PLC IRELAND	2,758	$224K	0.0%	$66.13	-0.0%	SHS CLASS A	G1151C101
TXN	TEXAS INSTRS INC	4,675	$223K	0.0%	$31.94	+10.0%	COM	882508104
—	DDR CORP	13,218	$221K	0.0%	$15.76	—	COM	23317H102
—	APARTMENT INVT & MGMT CO	6,934	$221K	0.0%	$27.86	—	CL A	03748R101
ARE	ALEXANDRIA REAL ESTATE EQ IN	2,978	$220K	0.0%	$44.33	+17.4%	COM	015271109
NEE	NEXTERA ENERGY INC	2,335	$219K	0.0%	$17.26	+3.8%	COM	65339F101
MAA	MID-AMER APT CMNTYS INC	3,286	$216K	0.0%	$47.01	+1.6%	COM	59522J103
WPC	W P CAREY INC	3,383	$216K	0.0%	$64.43	—	COM	92936U109
—	BIOMED REALTY TRUST INC	10,661	$215K	0.0%	$21.79	—	COM	09063H107
APD	AIR PRODS & CHEMS INC	1,642	$214K	0.0%	$79.11	+16.8%	COM	009158106
OHI	OMEGA HEALTHCARE INVS INC	6,214	$212K	0.0%	$36.79	—	COM	681936100
HON	HONEYWELL INTL INC	2,275	$212K	0.0%	$65.70	+2.1%	COM	438516106
WYNN	WYNN RESORTS LTD	1,130	$211K	0.0%	$166.59	0.0%	COM	983134107
EXC	EXELON CORP	5,938	$202K	0.0%	$15.64	0.0%	COM	30161N101
—	RETAIL PPTYS AMER INC	12,181	$178K	0.0%	$15.36	—	CL A	76131V202
—	LEXINGTON REALTY TRUST	15,836	$155K	0.0%	$11.03	—	COM	529043101
—	CHAMBERS STR PPTYS	17,736	$134K	0.0%	$8.03	—	COM	157842105
—	HEALTHCARE TR AMER INC	10,385	$120K	0.0%	$11.98	—	CL A	42225P105
—	DCT INDUSTRIAL TRUST INC	14,733	$111K	0.0%	$7.26	—	COM	233153105
—	INVESTORS REAL ESTATE TR	11,663	$90,000	0.0%	$7.72	—	SH BEN INT	461730103
—	FRONTIER COMMUNICATIONS CORP	10,495	$68,000	0.0%	$5.09	—	COM	35906A108