Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPG	SIMON PPTY GROUP INC NEW	196,020	$33.36M	3.0%	$100.33	+4.9%	—	828806109
AMZN	AMAZON COM INC	15,734	$26.75M	2.4%	$17.03	+366.0%	—	023135106
AMT	AMERICAN TOWER CORP NEW	178,050	$25.67M	2.3%	$80.31	+41.7%	—	03027X100
EQIX	EQUINIX INC	56,870	$24.45M	2.2%	$361.76	-3.4%	—	29444U700
BXP	BOSTON PROPERTIES INC	190,683	$23.92M	2.2%	$77.80	+9.9%	—	101121101
ESS	ESSEX PPTY TR INC	98,798	$23.62M	2.2%	$153.50	+19.4%	—	297178105
AAPL	APPLE INC	127,442	$23.59M	2.1%	$18.29	+133.7%	—	037833100
AVB	AVALONBAY CMNTYS INC	133,415	$22.93M	2.1%	$113.94	+11.4%	—	053484101
MSFT	MICROSOFT CORP	211,373	$20.84M	1.9%	$38.31	+134.3%	—	594918104
—	CYRUSONE INC	346,747	$20.24M	1.8%	$2361.94	—	—	23283R100
CPT	CAMDEN PPTY TR	218,948	$19.95M	1.8%	$52.29	+28.5%	—	133131102
CCI	CROWN CASTLE INTL CORP NEW	184,910	$19.94M	1.8%	$56.86	+32.0%	—	22822V101
SPY	SPDR S&P 500 ETF TR	72,540	$19.68M	1.8%	$36561.91	—	—	78462F103
GOOG	ALPHABET INC	16,417	$18.32M	1.7%	$35.61	+50.6%	—	02079K107
KRC	KILROY RLTY CORP	227,925	$17.24M	1.6%	$66.50	—	—	49427F108
META	FACEBOOK INC	88,166	$17.13M	1.6%	$38.69	+363.8%	—	30303M102
JPM	JPMORGAN CHASE & CO	162,564	$16.94M	1.5%	$66.92	+33.0%	—	46625H100
VNO	VORNADO RLTY TR	193,216	$14.28M	1.3%	$1320.33	—	—	929042109
SRE	SEMPRA ENERGY	120,728	$14.02M	1.3%	$34.93	+22.2%	—	816851109
XOM	EXXON MOBIL CORP	165,346	$13.68M	1.2%	$50.00	+12.3%	—	30231G102
V	VISA INC	101,948	$13.5M	1.2%	$68.72	+77.7%	—	92826C839
—	DOWDUPONT INC	198,884	$13.11M	1.2%	$69.23	—	—	26078J100
UNH	UNITEDHEALTH GROUP INC	53,278	$13.07M	1.2%	$169.87	+24.9%	—	91324P102
DEI	DOUGLAS EMMETT INC	324,589	$13.04M	1.2%	$39.23	—	—	25960P109
INVH	INVITATION HOMES INC	562,061	$12.96M	1.2%	$18.23	+0.9%	—	46187W107
REG	REGENCY CTRS CORP	206,673	$12.83M	1.2%	$47.28	-9.0%	—	758849103
EGP	EASTGROUP PPTY INC	129,795	$12.4M	1.1%	$3425.81	—	—	277276101
—	LIFE STORAGE INC	127,431	$12.4M	1.1%	$88.62	—	—	53223X107
COST	COSTCO WHSL CORP NEW	57,495	$12.02M	1.1%	$119.60	+48.6%	—	22160K105
MAC	MACERICH CO	211,132	$12M	1.1%	$533.70	—	—	554382101
SBAC	SBA COMMUNICATIONS CORP NEW	71,100	$11.74M	1.1%	$147.17	+1.3%	—	78410G104
TMO	THERMO FISHER SCIENTIFIC INC	55,437	$11.48M	1.0%	$114.69	+81.4%	—	883556102
REXR	REXFORD INDL RLTY INC	360,023	$11.3M	1.0%	$28.19	—	—	76169C100
UE	URBAN EDGE PPTYS	489,898	$11.2M	1.0%	$24.86	—	—	91704F104
AXP	AMERICAN EXPRESS CO	112,704	$11.04M	1.0%	$62.43	+41.9%	—	025816109
—	RETAIL OPPORTUNITY INVTS COR	575,941	$11.04M	1.0%	$20.94	—	—	76131N101
—	ANADARKO PETE CORP	150,018	$10.99M	1.0%	$53.39	—	—	032511107
KRG	KITE RLTY GROUP TR	638,172	$10.9M	1.0%	$22.38	—	—	49803T300
C	CITIGROUP INC	161,154	$10.78M	1.0%	$53.03	-0.0%	—	172967424
HST	HOST HOTELS & RESORTS INC	509,014	$10.72M	1.0%	$12.43	+23.0%	—	44107P104
SLB	SCHLUMBERGER LTD	157,663	$10.57M	1.0%	$56.08	-1.8%	—	806857108
EMR	EMERSON ELEC CO	152,172	$10.52M	1.0%	$44.54	+31.7%	—	291011104
—	LIBERTY PPTY TR	236,737	$10.49M	1.0%	$44.33	—	—	531172104
LOW	LOWES COS INC	109,575	$10.47M	1.0%	$69.28	+13.6%	—	548661107
DIS	DISNEY WALT CO	99,017	$10.38M	0.9%	$97.15	+0.0%	—	254687106
SCHW	SCHWAB CHARLES CORP NEW	199,987	$10.22M	0.9%	$37.00	+34.7%	—	808513105
WM	WASTE MGMT INC DEL	125,114	$10.18M	0.9%	$46.06	+57.8%	—	94106L109
—	APTIV PLC	109,092	$9.996M	0.9%	$84.92	—	—	G6095L109
CAT	CATERPILLAR INC DEL	73,133	$9.922M	0.9%	$101.94	+24.1%	—	149123101
AVGO	BROADCOM INC	40,237	$9.763M	0.9%	$19.73	0.0%	—	11135F101
VMC	VULCAN MATLS CO	75,347	$9.724M	0.9%	$113.38	+1.7%	—	929160109
HPQ	HP INC	423,495	$9.609M	0.9%	$16.32	+5.6%	—	40434L105
EL	LAUDER ESTEE COS INC	67,265	$9.598M	0.9%	$68.51	+96.2%	—	518439104
JNJ	JOHNSON & JOHNSON	78,465	$9.521M	0.9%	$69.26	+45.4%	—	478160104
IRT	INDEPENDENCE RLTY TR INC	898,704	$9.266M	0.8%	$9.26	—	—	45378A106
HON	HONEYWELL INTL INC	62,633	$9.022M	0.8%	$104.80	+8.4%	—	438516106
PNC	PNC FINL SVCS GROUP INC	65,453	$8.843M	0.8%	$90.33	+23.5%	—	693475105
CSCO	CISCO SYS INC	205,481	$8.842M	0.8%	$34.74	0.0%	—	17275R102
—	ROYAL DUTCH SHELL PLC	121,067	$8.796M	0.8%	$56.69	—	—	780259107
NOC	NORTHROP GRUMMAN CORP	28,439	$8.751M	0.8%	$264.00	+10.4%	—	666807102
AMH	AMERICAN HOMES 4 RENT	392,210	$8.699M	0.8%	$22.18	—	—	02665T306
AHRT	ARMADA HOFFLER PPTYS INC	558,821	$8.326M	0.8%	$10.98	—	—	04208T108
—	WEINGARTEN RLTY INVS	267,017	$8.227M	0.7%	$1196.10	—	—	948741103
CRM	SALESFORCE COM INC	59,602	$8.13M	0.7%	$109.53	+15.1%	—	79466L302
ESRT	EMPIRE ST RLTY TR INC	472,692	$8.083M	0.7%	$18.95	—	—	292104106
—	ALLERGAN PLC	45,583	$7.6M	0.7%	$241.40	—	—	G0177J108
NVS	NOVARTIS A G	100,087	$7.561M	0.7%	$81.18	—	—	66987V109
BAC	BANK AMER CORP	260,409	$7.341M	0.7%	$15.20	+63.4%	—	060505104
SKT	TANGER FACTORY OUTLET CTRS I	293,944	$6.905M	0.6%	$5558.17	—	—	875465106
CMCSA	COMCAST CORP NEW	196,938	$6.462M	0.6%	$31.83	-15.6%	—	20030N101
VEA	VANGUARD TAX MANAGED INTL FD	144,174	$6.185M	0.6%	$43.17	—	—	921943858
JBGS	JBG SMITH PPTYS	150,895	$5.503M	0.5%	$34.47	—	—	46590V100
BWA	BORGWARNER INC	126,061	$5.441M	0.5%	$33.42	+16.9%	—	099724106
GOOGL	ALPHABET INC	4,343	$4.904M	0.4%	$36.73	+47.0%	—	02079K305
BND	VANGUARD BD INDEX FD INC	54,498	$4.316M	0.4%	$81.84	—	—	921937835
VXF	VANGUARD INDEX FDS	36,603	$4.312M	0.4%	$13999.06	—	—	922908652
EPD	ENTERPRISE PRODS PARTNERS L	151,415	$4.19M	0.4%	$37.42	—	—	293792107
MAIN	MAIN STREET CAPITAL CORP	101,950	$3.728M	0.3%	$37.46	+1.6%	—	56035L104
VB	VANGUARD INDEX FDS	22,315	$3.474M	0.3%	$146.83	—	—	922908751
IEMG	ISHARES INC	64,557	$3.39M	0.3%	$55.51	—	—	46434G103
WFC	WELLS FARGO CO NEW	59,971	$3.325M	0.3%	$30.30	+43.1%	—	949746101
PEP	PEPSICO INC	27,170	$2.958M	0.3%	$75.21	+8.7%	—	713448108
SBR	SABINE ROYALTY TR	62,031	$2.922M	0.3%	$28832.38	—	—	785688102
EFA	ISHARES TR	41,442	$2.775M	0.3%	$1293.24	—	—	464287465
—	PIONEER NAT RES CO	14,521	$2.733M	0.2%	$170.80	—	—	723787107
—	MAGELLAN MIDSTREAM PRTNRS LP	37,889	$2.617M	0.2%	$515.52	—	—	559080106
—	WALGREENS BOOTS ALLIANCE INC	43,149	$2.577M	0.2%	$65.16	—	—	931427108
CTRA	CABOT OIL & GAS CORP	95,683	$2.266M	0.2%	$18.75	-8.2%	—	127097103
NKE	NIKE INC	27,032	$2.138M	0.2%	$59.62	+7.1%	—	654106103
VCSH	VANGUARD SCOTTSDALE FDS	27,135	$2.119M	0.2%	$79.83	—	—	92206C409
—	DRIL-QUIP INC	40,025	$2.057M	0.2%	$44.80	—	—	262037104
MRK	MERCK & CO INC	33,865	$2.056M	0.2%	$44.03	+1.1%	—	58933Y105
JHMM	JOHN HANCOCK EXCHANGE TRADED	56,391	$1.965M	0.2%	$33.33	—	—	47804J206
—	WESTERN GAS PARTNERS LP	40,015	$1.936M	0.2%	$64.46	—	—	958254104
JHMD	JOHN HANCOCK EXCHANGE TRADED	65,367	$1.895M	0.2%	$29.22	—	—	47804J859
TILT	FLEXSHARES TR	16,325	$1.857M	0.2%	$113.75	—	—	33939L100
PXF	INVESCO EXCHNG TRADED FD TR	42,968	$1.847M	0.2%	$42.99	—	—	46138E743
—	FLIR SYS INC	35,683	$1.836M	0.2%	$49.54	—	—	302445101
—	ETF MANAGERS TR	49,430	$1.829M	0.2%	$34.27	—	—	26924G201
PXH	INVESCO EXCHNG TRADED FD TR	84,075	$1.738M	0.2%	$20.67	—	—	46138E727
VWO	VANGUARD INTL EQUITY INDEX F	40,714	$1.718M	0.2%	$3807.45	—	—	922042858
—	WELLS FARGO CO NEW	1,340	$1.687M	0.2%	$1310.90	—	—	949746804
IBM	INTERNATIONAL BUSINESS MACHS	11,557	$1.615M	0.1%	$97.05	+3.0%	—	459200101
—	BB&T CORP	32,190	$1.605M	0.1%	$51.36	—	—	054937107
EMN	EASTMAN CHEM CO	15,369	$1.536M	0.1%	$77.04	+4.9%	—	277432100
HAL	HALLIBURTON CO	30,519	$1.375M	0.1%	$33.64	+26.8%	—	406216101
PG	PROCTER AND GAMBLE CO	17,490	$1.365M	0.1%	$57.29	+7.9%	—	742718109
LUV	SOUTHWEST AIRLS CO	26,540	$1.35M	0.1%	$54.35	-12.1%	—	844741108
ADBE	ADOBE SYS INC	5,321	$1.297M	0.1%	$203.88	+16.0%	—	00724F101
KO	COCA COLA CO	29,299	$1.285M	0.1%	$28.23	+20.5%	—	191216100
GSY	INVESCO ACTIVELY MANAGD ETF	25,202	$1.266M	0.1%	$50.23	—	—	46090A887
AB	ALLIANCEBERNSTEIN HOLDING LP	43,335	$1.237M	0.1%	$26.88	—	—	01881G106
LIVN	LIVANOVA PLC	12,245	$1.222M	0.1%	$60.69	+49.6%	—	G5509L101
—	WPX ENERGY INC	67,023	$1.208M	0.1%	$15.21	—	—	98212B103
MDT	MEDTRONIC PLC	14,162	$1.2M	0.1%	$67.34	+1.8%	—	G5960L103
XLY	SELECT SECTOR SPDR TR	10,939	$1.196M	0.1%	$74.48	—	—	81369Y407
XLK	SELECT SECTOR SPDR TR	17,067	$1.186M	0.1%	$39.55	—	—	81369Y803
XLE	SELECT SECTOR SPDR TR	15,371	$1.167M	0.1%	$61.63	—	—	81369Y506
—	WASHINGTON PRIME GROUP NEW	142,850	$1.159M	0.1%	$7.33	—	—	93964W108
—	MARATHON OIL CORP	54,776	$1.143M	0.1%	$16.91	—	—	565849106
GILD	GILEAD SCIENCES INC	16,038	$1.136M	0.1%	$62.47	-15.6%	—	375558103
XLV	SELECT SECTOR SPDR TR	13,406	$1.119M	0.1%	$66.85	—	—	81369Y209
NTR	NUTRIEN LTD	20,281	$1.103M	0.1%	$38.37	-0.1%	—	67077M108
XLU	SELECT SECTOR SPDR TR	21,151	$1.099M	0.1%	$43.67	—	—	81369Y886
XLB	SELECT SECTOR SPDR TR	18,560	$1.078M	0.1%	$40.04	—	—	81369Y100
CVX	CHEVRON CORP NEW	8,529	$1.078M	0.1%	$75.69	+17.8%	—	166764100
—	ROYAL DUTCH SHELL PLC	15,444	$1.069M	0.1%	$59.75	—	—	780259206
EQT	EQT CORP	19,343	$1.067M	0.1%	$26.41	-2.4%	—	26884L109
TLTD	FLEXSHARES TR	16,400	$1.064M	0.1%	$64.88	—	—	33939L803
XLI	SELECT SECTOR SPDR TR	14,845	$1.063M	0.1%	$50.31	—	—	81369Y704
XLP	SELECT SECTOR SPDR TR	20,342	$1.048M	0.1%	$47.64	—	—	81369Y308
—	NOBLE ENERGY INC	29,664	$1.047M	0.1%	$30.94	—	—	655044105
EOG	EOG RES INC	8,399	$1.045M	0.1%	$78.29	+11.4%	—	26875P101
MMM	3M CO	5,227	$1.028M	0.1%	$70.57	+84.4%	—	88579Y101
BRK/B	BERKSHIRE HATHAWAY INC DEL	4,982	$930K	0.1%	$123.47	+57.9%	—	084670702
ARE	ALEXANDRIA REAL ESTATE EQ IN	7,240	$913K	0.1%	$69.77	+35.0%	—	015271109
PM	PHILIP MORRIS INTL INC	10,886	$879K	0.1%	$50.77	+11.5%	—	718172109
XLF	SELECT SECTOR SPDR TR	32,980	$877K	0.1%	$22.76	—	—	81369Y605
ITRI	ITRON INC	14,546	$873K	0.1%	$71.29	-11.2%	—	465741106
WAT	WATERS CORP	4,408	$853K	0.1%	$97.50	+102.0%	—	941848103
—	CONCHO RES INC	6,161	$852K	0.1%	$148.23	—	—	20605P101
PFE	PFIZER INC	22,663	$822K	0.1%	$20.06	+21.2%	—	717081103
MA	MASTERCARD INCORPORATED	4,182	$822K	0.1%	$90.67	+98.9%	—	57636Q104
KHC	KRAFT HEINZ CO	12,853	$807K	0.1%	$43.47	-5.5%	—	500754106
ABBV	ABBVIE INC	8,707	$807K	0.1%	$50.54	+39.5%	—	00287Y109
VZ	VERIZON COMMUNICATIONS INC	15,879	$799K	0.1%	$28.23	+14.1%	—	92343V104
SCZ	ISHARES TR	12,503	$784K	0.1%	$65.18	—	—	464288273
GUNR	FLEXSHARES TR	22,700	$769K	0.1%	$33.88	—	—	33939L407
T	AT&T INC	23,419	$752K	0.1%	$14.73	-1.4%	—	00206R102
F	FORD MTR CO DEL	65,480	$725K	0.1%	$7.48	+3.4%	—	345370860
IVV	ISHARES TR	2,583	$705K	0.1%	$272.94	—	—	464287200
—	BANK AMER CORP	42,000	$685K	0.1%	$6.66	—	—	060505146
INTC	INTEL CORP	13,989	$677K	0.1%	$40.06	+12.4%	—	458140100
—	WHITING PETE CORP NEW	12,260	$646K	0.1%	$35.37	—	—	966387409
—	LABORATORY CORP AMER HLDGS	3,553	$638K	0.1%	$109.51	—	—	50540R409
OXY	OCCIDENTAL PETE CORP DEL	7,594	$631K	0.1%	$59.86	+10.8%	—	674599105
APD	AIR PRODS & CHEMS INC	3,813	$594K	0.1%	$73.42	+84.7%	—	009158106
AR	ANTERO RES CORP	27,630	$590K	0.1%	$19.43	+1.0%	—	03674X106
KMI	KINDER MORGAN INC DEL	32,695	$578K	0.1%	$10.92	-3.1%	—	49456B101
IWF	ISHARES TR	3,996	$575K	0.1%	$134.62	—	—	464287614
—	CONTINENTAL RESOURCES INC	8,806	$570K	0.1%	$60.88	—	—	212015101
CFR	CULLEN FROST BANKERS INC	5,152	$558K	0.1%	$82.70	+8.6%	—	229899109
LMT	LOCKHEED MARTIN CORP	1,881	$556K	0.1%	$275.43	-4.7%	—	539830109
—	BUCKEYE PARTNERS L P	16,171	$556K	0.1%	$36.62	—	—	118230101
—	GULFPORT ENERGY CORP	44,139	$555K	0.1%	$10.04	—	—	402635304
PAA	PLAINS ALL AMERN PIPELINE L	22,975	$543K	0.0%	$22.02	—	—	726503105
SM	SM ENERGY CO	20,436	$525K	0.0%	$19.59	+7.4%	—	78454L100
MO	ALTRIA GROUP INC	9,115	$518K	0.0%	$29.72	+8.3%	—	02209S103
BA	BOEING CO	1,404	$471K	0.0%	$194.19	+70.1%	—	097023105
NVO	NOVO-NORDISK A S	10,070	$464K	0.0%	$30095.88	—	—	670100205
—	SOUTHWESTERN ENERGY CO	85,724	$454K	0.0%	$4.46	—	—	845467109
DVN	DEVON ENERGY CORP NEW	10,267	$451K	0.0%	$26.09	+5.8%	—	25179M103
—	CIMAREX ENERGY CO	4,351	$443K	0.0%	$95.38	—	—	171798101
IWM	ISHARES TR	2,683	$439K	0.0%	$151.70	—	—	464287655
—	SPDR SERIES TRUST	10,000	$431K	0.0%	$35.20	—	—	78464A730
BKR	BAKER HUGHES A GE CO	13,700	$426K	0.0%	$27.33	0.0%	—	05722G100
IFF	INTERNATIONAL FLAVORS&FRAGRA	3,350	$415K	0.0%	$107.03	0.0%	—	459506101
—	CELGENE CORP	5,213	$414K	0.0%	$94.79	—	—	151020104
MCD	MCDONALDS CORP	2,603	$408K	0.0%	$135.53	0.0%	—	580135101
—	WESTERN GAS EQUITY PARTNERS	11,305	$404K	0.0%	$35.57	—	—	95825R103
TRGP	TARGA RES CORP	7,828	$387K	0.0%	$35.47	+1.8%	—	87612G101
JHML	JOHN HANCOCK EXCHANGE TRADED	10,543	$371K	0.0%	$34.74	—	—	47804J107
—	GENERAL ELECTRIC CO	27,091	$369K	0.0%	$13669.37	—	—	369604103
WY	WEYERHAEUSER CO	10,000	$365K	0.0%	$18.46	+46.6%	—	962166104
NFRA	FLEXSHARES TR	7,900	$363K	0.0%	$45.95	—	—	33939L795
DEO	DIAGEO P L C	2,456	$354K	0.0%	$111.51	—	—	25243Q205
—	RSP PERMIAN INC	7,800	$343K	0.0%	$46.92	—	—	74978Q105
—	APACHE CORP	6,910	$323K	0.0%	$46.74	—	—	037411105
CVS	CVS HEALTH CORP	4,905	$316K	0.0%	$57.42	-10.0%	—	126650100
VCIT	VANGUARD SCOTTSDALE FDS	3,655	$305K	0.0%	$87.49	—	—	92206C870
CMI	CUMMINS INC	2,200	$293K	0.0%	$86.83	+41.2%	—	231021106
—	U S SILICA HLDGS INC	11,311	$291K	0.0%	$25.52	—	—	90346E103
SBUX	STARBUCKS CORP	5,940	$290K	0.0%	$33.95	+41.6%	—	855244109
MKL	MARKEL CORP	262	$284K	0.0%	$793.77	+42.3%	—	570535104
BRK/A	BERKSHIRE HATHAWAY INC DEL	1	$282K	0.0%	$292921.40	0.0%	—	084670108
BK	BANK NEW YORK MELLON CORP	5,121	$276K	0.0%	$44.73	-0.4%	—	064058100
OII	OCEANEERING INTL INC	10,706	$273K	0.0%	$20.05	+11.7%	—	675232102
WMT	WALMART INC	3,185	$273K	0.0%	$20.15	+25.3%	—	931142103
PYPL	PAYPAL HLDGS INC	3,131	$261K	0.0%	$79.51	0.0%	—	70450Y103
—	UNITED TECHNOLOGIES CORP	2,076	$260K	0.0%	$323.38	—	—	913017109
EEMV	ISHARES INC	3,979	$230K	0.0%	$54.23	—	—	464286533
—	FORUM ENERGY TECHNOLOGIES IN	18,429	$228K	0.0%	$11.34	—	—	34984V100
SCHB	SCHWAB STRATEGIC TR	3,347	$221K	0.0%	$66.03	—	—	808524102
TDTT	FLEXSHARES TR	8,900	$216K	0.0%	$24.27	—	—	33939L506
AZN	ASTRAZENECA PLC	6,094	$214K	0.0%	$35.12	—	—	046353108
SHY	ISHARES TR	2,500	$208K	0.0%	$84.40	—	—	464287457
IWD	ISHARES TR	1,700	$206K	0.0%	$124.20	—	—	464287598
—	CHART INDS INC	200,000	$202K	0.0%	$0.99	—	—	16115QAC4
—	OASIS PETE INC NEW	15,442	$200K	0.0%	$12.95	—	—	674215108
OSG	AMBAC FINL GROUP INC	10,000	$199K	0.0%	$21.85	-15.5%	—	023139884
—	COVIA HLDGS CORP	10,600	$197K	0.0%	$18.58	—	—	22305A103
—	WEATHERFORD INTL LTD	175,000	$172K	0.0%	$0.90	—	—	947075AH0
—	SOLARCITY CORP	170,000	$168K	0.0%	$0.99	—	—	83416TAA8
—	HIGHPOINT RES CORP	21,000	$128K	0.0%	$5.10	—	—	43114K108
—	DENBURY RES INC	23,300	$112K	0.0%	$2.75	—	—	247916208
—	ENSCO PLC	12,545	$91,000	0.0%	$3.99	—	—	G3157S106
—	TRANSGLOBE ENERGY CORP	24,480	$68,000	0.0%	$2.78	—	—	893662106