Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	269,800	$55.54M	6.4%	$205.64	—	TR UNIT	78462F103
VEA	VANGUARD TAX MANAGED INTL FD	1,154,200	$45.76M	5.3%	$39.08	—	FTSE DEV MKT ETF	921943858
EBAY	EBAY INC	669,538	$40.33M	4.6%	$20.85	+6.5%	COM	278642103
BAC	BANK AMER CORP	2,016,700	$34.32M	3.9%	$12.75	+3.0%	COM	060505104
ORCL	ORACLE CORP	678,894	$27.36M	3.1%	$33.45	+10.6%	COM	68389X105
VZ	VERIZON COMMUNICATIONS INC	550,765	$25.67M	2.9%	$27.29	+3.8%	COM	92343V104
JNJ	JOHNSON & JOHNSON	263,358	$25.67M	2.9%	$67.75	+9.9%	COM	478160104
WFC	WELLS FARGO & CO NEW	437,927	$24.63M	2.8%	$31.22	+32.5%	COM	949746101
—	GENERAL ELECTRIC CO	867,995	$23.06M	2.6%	$24.77	—	COM	369604103
NDAQ	NASDAQ OMX GROUP INC	451,620	$22.04M	2.5%	$13.07	+7.9%	COM	631103108
—	GOOGLE INC	37,078	$19.87M	2.3%	$535.79	—	CL C	38259P706
—	ZHAOPIN LTD	1,240,904	$19.09M	2.2%	$15.19	—	SPONSORED ADR	98954L103
VWO	VANGUARD INTL EQUITY INDEX F	430,400	$17.59M	2.0%	$40.88	—	FTSE EMR MKT ETF	922042858
SPG	SIMON PPTY GROUP INC NEW	84,517	$14.62M	1.7%	$90.51	+19.5%	COM	828806109
—	E M C CORP MASS	545,464	$14.39M	1.7%	$25.27	—	COM	268648102
OXY	OCCIDENTAL PETE CORP DEL	176,729	$13.74M	1.6%	$58.11	-2.2%	COM	674599105
GIS	GENERAL MLS INC	245,344	$13.67M	1.6%	$36.07	+7.5%	COM	370334104
MSFT	MICROSOFT CORP	291,132	$12.85M	1.5%	$24.91	+57.7%	COM	594918104
DKS	DICKS SPORTING GOODS INC	247,490	$12.81M	1.5%	$39.99	+3.7%	COM	253393102
AAPL	APPLE INC	87,122	$10.93M	1.3%	$19.00	+50.2%	COM	037833100
AVB	AVALONBAY CMNTYS INC	66,715	$10.67M	1.2%	$94.74	+23.0%	COM	053484101
WHR	WHIRLPOOL CORP	51,200	$8.86M	1.0%	$191.76	-2.0%	COM	963320106
GME	GAMESTOP CORP NEW	199,700	$8.579M	1.0%	$7.17	+7.9%	CL A	36467W109
V	VISA INC	123,948	$8.323M	1.0%	$58.77	+7.1%	COM CL A	92826C839
IBM	INTERNATIONAL BUSINESS MACHS	49,059	$7.98M	0.9%	$99.26	+3.8%	COM	459200101
YUM	YUM BRANDS INC	83,822	$7.551M	0.9%	$41.40	+25.5%	COM	988498101
SLB	SCHLUMBERGER LTD	85,002	$7.326M	0.8%	$63.56	+5.0%	COM	806857108
—	CYTEC INDS INC	120,630	$7.302M	0.8%	$57.98	—	COM	232820100
LOW	LOWES COS INC	108,777	$7.285M	0.8%	$39.47	+49.0%	COM	548661107
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	118,710	$7.252M	0.8%	$40.56	+37.2%	CL A	192446102
INTC	INTEL CORP	233,826	$7.112M	0.8%	$16.52	+51.9%	COM	458140100
PM	PHILIP MORRIS INTL INC	87,927	$7.049M	0.8%	$46.91	+3.0%	COM	718172109
MA	MASTERCARD INC	75,234	$7.033M	0.8%	$78.77	+9.3%	CL A	57636Q104
—	VIACOM INC NEW	105,457	$6.817M	0.8%	$70.06	—	CL B	92553P201
—	SL GREEN RLTY CORP	61,936	$6.806M	0.8%	$91.88	—	COM	78440X101
HD	HOME DEPOT INC	60,714	$6.747M	0.8%	$60.23	+44.6%	COM	437076102
XOM	EXXON MOBIL CORP	81,098	$6.747M	0.8%	$55.04	-1.4%	COM	30231G102
ADBE	ADOBE SYS INC	79,270	$6.422M	0.7%	$63.34	+23.2%	COM	00724F101
SWK	STANLEY BLACK & DECKER INC	58,740	$6.182M	0.7%	$69.65	+11.4%	COM	854502101
FFIV	F5 NETWORKS INC	50,700	$6.102M	0.7%	$106.16	+15.8%	COM	315616102
—	CELGENE CORP	50,750	$5.874M	0.7%	$96.52	—	COM	151020104
NXPI	NXP SEMICONDUCTORS N V	59,168	$5.81M	0.7%	$56.62	+61.0%	COM	N6596X109
TGT	TARGET CORP	69,878	$5.704M	0.7%	$41.64	+41.8%	COM	87612E106
CVX	CHEVRON CORP NEW	58,787	$5.671M	0.7%	$67.78	-2.0%	COM	166764100
—	GENERAL GROWTH PPTYS INC NEW	220,514	$5.658M	0.6%	$22.95	—	COM	370023103
PEP	PEPSICO INC	59,148	$5.521M	0.6%	$56.29	+23.1%	COM	713448108
PFE	PFIZER INC	156,938	$5.262M	0.6%	$15.97	+30.1%	COM	717081103
CVS	CVS HEALTH CORP	50,003	$5.244M	0.6%	$49.52	+52.0%	COM	126650100
ESRT	EMPIRE ST RLTY TR INC	282,500	$4.819M	0.6%	$15.95	—	CL A	292104106
BIDU	BAIDU INC	24,000	$4.778M	0.5%	$225.68	—	SPON ADR REP A	056752108
PG	PROCTER & GAMBLE CO	57,108	$4.468M	0.5%	$54.74	+9.5%	COM	742718109
ELS	EQUITY LIFESTYLE PPTYS INC	83,394	$4.385M	0.5%	$50.52	—	COM	29472R108
—	CHICAGO BRIDGE & IRON CO N V	81,225	$4.064M	0.5%	$188.67	—	COM	167250109
HST	HOST HOTELS & RESORTS INC	204,234	$4.05M	0.5%	$11.27	+16.1%	COM	44107P104
DRH	DIAMONDROCK HOSPITALITY CO	306,600	$3.928M	0.5%	$13.67	—	COM	252784301
BK	BANK NEW YORK MELLON CORP	93,562	$3.927M	0.5%	$25.22	+29.6%	COM	064058100
PLD	PROLOGIS INC	105,822	$3.926M	0.5%	$27.15	+9.5%	COM	74340W103
—	DDR CORP	247,478	$3.826M	0.4%	$18.03	—	COM	23317H102
STT	STATE STR CORP	49,377	$3.802M	0.4%	$50.38	+14.4%	COM	857477103
MRK	MERCK & CO INC NEW	64,612	$3.678M	0.4%	$27.22	+47.8%	COM	58933Y105
EOG	EOG RES INC	41,200	$3.607M	0.4%	$68.65	-1.2%	COM	26875P101
CLH	CLEAN HARBORS INC	66,920	$3.596M	0.4%	$54.86	+1.7%	COM	184496107
AGCO	AGCO CORP	63,195	$3.588M	0.4%	$38.90	+3.9%	COM	001084102
DAR	DARLING INGREDIENTS INC	239,045	$3.504M	0.4%	$16.31	-9.6%	COM	237266101
T	AT&T INC	97,964	$3.48M	0.4%	$11.09	+10.2%	COM	00206R102
WU	WESTERN UN CO	169,535	$3.447M	0.4%	$16.76	—	COM	959802109
CMCSA	COMCAST CORP NEW	54,465	$3.276M	0.4%	$19.24	+19.4%	CL A	20030N101
KO	COCA COLA CO	82,120	$3.222M	0.4%	$26.89	+8.0%	COM	191216100
—	UNITED TECHNOLOGIES CORP	28,449	$3.156M	0.4%	$98.74	—	COM	913017109
HDB	HDFC BANK LTD	50,560	$3.06M	0.4%	$59.02	—	ADR REPS 3 SHS	40415F101
BAX	BAXTER INTL INC	43,681	$3.055M	0.4%	$30.55	+3.0%	COM	071813109
EWC	ISHARES	34,200	$3.01M	0.3%	$104.91	—	MSCI CDA ETF	464286509
—	FEDERAL REALTY INVT TR	23,300	$2.984M	0.3%	$116.82	—	SH BEN INT NEW	313747206
ESS	ESSEX PPTY TR INC	13,898	$2.953M	0.3%	$120.48	+30.0%	COM	297178105
BCO	BRINKS CO	97,405	$2.867M	0.3%	$23.13	+16.3%	COM	109696104
BBD	BANCO BRADESCO S A	304,117	$2.786M	0.3%	$12.69	—	SP ADR PFD NEW	059460303
—	ICONIX BRAND GROUP INC	110,655	$2.763M	0.3%	$35.26	—	COM	451055107
KRC	KILROY RLTY CORP	40,873	$2.745M	0.3%	$56.25	—	COM	49427F108
—	NEWFIELD EXPL CO	75,900	$2.742M	0.3%	$26.44	—	COM	651290108
QCOM	QUALCOMM INC	42,785	$2.68M	0.3%	$51.33	-2.0%	COM	747525103
MO	ALTRIA GROUP INC	54,490	$2.665M	0.3%	$16.00	+57.9%	COM	02209S103
ETN	EATON CORP PLC	39,040	$2.635M	0.3%	$55.09	+0.1%	SHS	G29183103
JPM	JPMORGAN CHASE & CO	36,475	$2.472M	0.3%	$36.73	+33.8%	COM	46625H100
ABBV	ABBVIE INC	36,412	$2.447M	0.3%	$27.57	+53.5%	COM	00287Y109
—	HOME PROPERTIES INC	32,546	$2.377M	0.3%	$63.15	—	COM	437306103
—	PRAXAIR INC	18,911	$2.261M	0.3%	$122.00	—	COM	74005P104
TRNO	TERRENO RLTY CORP	114,600	$2.258M	0.3%	$19.27	—	COM	88146M101
AKR	ACADIA RLTY TR	75,984	$2.212M	0.3%	$28.11	—	COM SH BEN INT	004239109
FMX	FOMENTO ECONOMICO MEXICANO S	24,500	$2.183M	0.3%	$93.20	—	SPON ADR UNITS	344419106
TS	TENARIS S A	79,900	$2.159M	0.2%	$44.88	—	SPONSORED ADR	88031M109
KMI	KINDER MORGAN INC DEL	51,562	$1.979M	0.2%	$22.57	+7.8%	COM	49456B101
COP	CONOCOPHILLIPS	31,527	$1.936M	0.2%	$42.43	+9.3%	COM	20825C104
WMT	WAL-MART STORES INC	27,236	$1.932M	0.2%	$19.86	+5.1%	COM	931142103
—	TENNECO INC	33,500	$1.924M	0.2%	$57.43	—	COM	880349105
BMY	BRISTOL MYERS SQUIBB CO	28,113	$1.871M	0.2%	$32.04	+43.6%	COM	110122108
AMGN	AMGEN INC	11,932	$1.832M	0.2%	$69.88	+68.3%	COM	031162100
EW	EDWARDS LIFESCIENCES CORP	12,630	$1.799M	0.2%	$15.63	+44.4%	COM	28176E108
GILD	GILEAD SCIENCES INC	14,700	$1.721M	0.2%	$75.98	0.0%	COM	375558103
VTR	VENTAS INC	25,299	$1.571M	0.2%	$42.53	+15.0%	COM	92276F100
—	DOW CHEM CO	30,670	$1.569M	0.2%	$36.74	—	COM	260543103
LLY	LILLY ELI & CO	18,625	$1.555M	0.2%	$42.82	+47.6%	COM	532457108
—	VALE S A	281,100	$1.42M	0.2%	$10.34	—	ADR REPSTG PFD	91912E204
CSCO	CISCO SYS INC	47,410	$1.302M	0.1%	$14.18	+45.5%	COM	17275R102
MDT	MEDTRONIC PLC	17,538	$1.3M	0.1%	$58.10	+1.2%	SHS	G5960L103
—	DU PONT E I DE NEMOURS & CO	20,277	$1.297M	0.1%	$54.65	—	COM	263534109
—	DISCOVER FINL SVCS	22,370	$1.289M	0.1%	$57.62	—	COM	254709108
ABT	ABBOTT LABS	23,412	$1.149M	0.1%	$28.84	+36.4%	COM	002824100
COST	COSTCO WHSL CORP NEW	8,401	$1.135M	0.1%	$118.32	+1.6%	COM	22160K105
TJX	TJX COS INC NEW	16,500	$1.092M	0.1%	$29.28	-2.0%	COM	872540109
—	HCP INC	29,805	$1.087M	0.1%	$39.14	—	COM	40414L109
CL	COLGATE PALMOLIVE CO	16,488	$1.078M	0.1%	$47.51	+11.5%	COM	194162103
MCD	MCDONALDS CORP	11,228	$1.067M	0.1%	$70.15	+5.7%	COM	580135101
PSA	PUBLIC STORAGE	5,743	$1.059M	0.1%	$98.61	+28.0%	COM	74460D109
UNH	UNITEDHEALTH GROUP INC	8,651	$1.055M	0.1%	$44.59	+123.3%	COM	91324P102
LYB	LYONDELLBASELL INDUSTRIES N	9,818	$1.016M	0.1%	$39.73	+41.3%	SHS - A -	N53745100
DEI	DOUGLAS EMMETT INC	36,161	$974K	0.1%	$25.78	—	COM	25960P109
—	HEALTH CARE REIT INC	14,719	$966K	0.1%	$62.38	—	COM	42217K106
VNO	VORNADO RLTY TR	9,437	$896K	0.1%	$88.27	—	SH BEN INT	929042109
CUBE	CUBESMART	37,200	$862K	0.1%	$17.48	—	COM	229663109
—	KRAFT FOODS GROUP INC	9,981	$850K	0.1%	$55.09	—	COM	50076Q106
BA	BOEING CO	6,027	$836K	0.1%	$95.96	+34.3%	COM	097023105
EQR	EQUITY RESIDENTIAL	11,825	$830K	0.1%	$30.37	+42.7%	SH BEN INT	29476L107
KMB	KIMBERLY CLARK CORP	7,752	$821K	0.1%	$64.23	+18.1%	COM	494368103
DUK	DUKE ENERGY CORP NEW	11,400	$805K	0.1%	$44.95	+8.4%	COM NEW	26441C204
AXP	AMERICAN EXPRESS CO	10,267	$798K	0.1%	$57.32	+18.7%	COM	025816109
MMM	3M CO	5,135	$792K	0.1%	$71.21	+33.2%	COM	88579Y101
—	WALGREENS BOOTS ALLIANCE INC	9,184	$775K	0.1%	$76.17	—	COM	931427108
SO	SOUTHERN CO	17,228	$722K	0.1%	$26.03	+6.7%	COM	842587107
—	MONSANTO CO NEW	6,676	$712K	0.1%	$113.05	—	COM	61166W101
MDLZ	MONDELEZ INTL INC	16,700	$687K	0.1%	$28.66	+7.7%	CL A	609207105
DLR	DIGITAL RLTY TR INC	10,147	$677K	0.1%	$34.58	+29.4%	COM	253868103
PSX	PHILLIPS 66	8,292	$668K	0.1%	$48.18	+11.4%	COM	718546104
F	FORD MTR CO DEL	44,500	$668K	0.1%	$8.09	+8.2%	COM PAR $0.01	345370860
UNP	UNION PAC CORP	6,836	$652K	0.1%	$74.43	+10.2%	COM	907818108
BXP	BOSTON PROPERTIES INC	5,370	$650K	0.1%	$67.20	+27.9%	COM	101121101
UPS	UNITED PARCEL SERVICE INC	6,570	$637K	0.1%	$62.98	+7.5%	CL B	911312106
DIS	DISNEY WALT CO	5,432	$620K	0.1%	$72.21	+38.5%	COM DISNEY	254687106
META	FACEBOOK INC	7,190	$617K	0.1%	$81.09	0.0%	CL A	30303M102
—	REYNOLDS AMERICAN INC	8,132	$607K	0.1%	$49.12	—	COM	761713106
USB	US BANCORP DEL	12,941	$562K	0.1%	$26.58	+12.5%	COM NEW	902973304
LMT	LOCKHEED MARTIN CORP	3,004	$558K	0.1%	$122.07	+18.4%	COM	539830109
D	DOMINION RES INC VA NEW	8,223	$550K	0.1%	$40.66	+9.7%	COM	25746U109
—	SPECTRA ENERGY CORP	16,479	$537K	0.1%	$37.63	—	COM	847560109
GM	GENERAL MTRS CO	16,000	$533K	0.1%	$24.50	+13.6%	COM	37045V100
APD	AIR PRODS & CHEMS INC	3,776	$517K	0.1%	$88.79	+18.1%	COM	009158106
HON	HONEYWELL INTL INC	5,055	$515K	0.1%	$69.35	+7.8%	COM	438516106
IP	INTL PAPER CO	10,658	$507K	0.1%	$25.51	+23.5%	COM	460146103
MET	METLIFE INC	9,056	$507K	0.1%	$32.54	+1.8%	COM	59156R108
NEE	NEXTERA ENERGY INC	5,036	$494K	0.1%	$18.14	+6.3%	COM	65339F101
VLO	VALERO ENERGY CORP NEW	7,840	$491K	0.1%	$38.94	0.0%	COM	91913Y100
CME	CME GROUP INC	5,215	$485K	0.1%	$48.92	+25.9%	COM	12572Q105
CAT	CATERPILLAR INC DEL	5,605	$475K	0.1%	$69.56	-5.3%	COM	149123101
BAP	CREDICORP LTD	3,100	$431K	0.0%	$93.96	+19.8%	COM	G2519Y108
HUM	HUMANA INC	2,000	$383K	0.0%	$145.13	+17.7%	COM	444859102
KIM	KIMCO RLTY CORP	14,322	$323K	0.0%	$12.40	+17.6%	COM	49446R109
O	REALTY INCOME CORP	7,003	$311K	0.0%	$23.46	+18.5%	COM	756109104
LVS	LAS VEGAS SANDS CORP	5,800	$305K	0.0%	$46.65	-15.4%	COM	517834107
UDR	UDR INC	9,287	$297K	0.0%	$16.02	+41.0%	COM	902653104
MAC	MACERICH CO	3,587	$268K	0.0%	$64.04	—	COM	554382101
ACN	ACCENTURE PLC IRELAND	2,758	$267K	0.0%	$67.66	+19.3%	SHS CLASS A	G1151C101
—	ANNALY CAP MGMT INC	28,000	$257K	0.0%	$10.82	—	COM	035710409
CPT	CAMDEN PPTY TR	3,462	$257K	0.0%	$41.30	+20.7%	SH BEN INT	133131102
—	TIME WARNER INC	2,892	$253K	0.0%	$85.41	—	COM NEW	887317303
—	BLACKROCK INC	732	$253K	0.0%	$96.97	—	COM	09247X101
ELV	ANTHEM INC	1,483	$243K	0.0%	$122.05	+12.7%	COM	036752103
CCI	CROWN CASTLE INTL CORP NEW	3,000	$241K	0.0%	$53.51	0.0%	COM	22822V101
TXN	TEXAS INSTRS INC	4,675	$241K	0.0%	$31.94	+29.2%	COM	882508104
—	HOSPITALITY PPTYS TR	8,286	$239K	0.0%	$28.28	—	COM SH BEN INT	44106M102
—	NATIONAL OILWELL VARCO INC	4,923	$238K	0.0%	$48.34	—	COM	637071101
SYY	SYSCO CORP	6,525	$236K	0.0%	$28.27	0.0%	COM	871829107
EMR	EMERSON ELEC CO	4,037	$224K	0.0%	$44.23	0.0%	COM	291011104
—	DUKE REALTY CORP	11,768	$219K	0.0%	$17.11	—	COM NEW	264411505
BDX	BECTON DICKINSON & CO	1,506	$213K	0.0%	$117.39	0.0%	COM	075887109
—	CBL & ASSOC PPTYS INC	12,953	$210K	0.0%	$18.86	—	COM	124830100
—	HEWLETT PACKARD CO	6,900	$207K	0.0%	$30.00	—	COM	428236103
—	SENIOR HSG PPTYS TR	11,740	$206K	0.0%	$22.96	—	SH BEN INT	81721M109
ADM	ARCHER DANIELS MIDLAND CO	4,246	$205K	0.0%	$36.02	+2.3%	COM	039483102
—	TAUBMAN CTRS INC	2,907	$202K	0.0%	$75.70	—	COM	876664103
MAA	MID-AMER APT CMNTYS INC	2,781	$202K	0.0%	$47.01	+11.2%	COM	59522J103
CAH	CARDINAL HEALTH INC	2,397	$201K	0.0%	$63.64	+2.9%	COM	14149Y108
—	CHAMBERS STR PPTYS	17,169	$136K	0.0%	$8.03	—	COM	157842105
—	LEXINGTON REALTY TRUST	15,217	$129K	0.0%	$11.03	—	COM	529043101
—	COUSINS PPTYS INC	10,236	$106K	0.0%	$11.43	—	COM	222795106
—	INVESTORS REAL ESTATE TR	11,273	$80,000	0.0%	$7.72	—	SH BEN INT	461730103
—	FRONTIER COMMUNICATIONS CORP	10,495	$52,000	0.0%	$5.09	—	COM	35906A108