Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPG	SIMON PPTY GROUP INC NEW	190,735	$32.04M	3.1%	$100.33	+20.5%	COM	828806109
MSFT	MICROSOFT CORP	272,895	$27.72M	2.7%	$52.38	+90.9%	COM	594918104
AMZN	AMAZON COM INC	17,554	$26.37M	2.6%	$24.28	+242.5%	COM	023135106
AAPL	APPLE INC	157,077	$24.78M	2.4%	$24.01	+91.7%	COM	037833100
ESS	ESSEX PPTY TR INC	92,087	$22.58M	2.2%	$153.50	+28.4%	COM	297178105
AVB	AVALONBAY CMNTYS INC	122,218	$21.27M	2.1%	$113.94	+23.8%	COM	053484101
EQIX	EQUINIX INC	59,951	$21.14M	2.0%	$360.68	-5.5%	COM PAR $0.001	29444U700
AMT	AMERICAN TOWER CORP NEW	130,665	$20.67M	2.0%	$80.31	+61.2%	COM	03027X100
CCI	CROWN CASTLE INTL CORP NEW	184,898	$20.09M	1.9%	$56.86	+42.5%	COM	22822V101
BXP	BOSTON PROPERTIES INC	171,538	$19.31M	1.9%	$77.80	+11.3%	COM	101121101
JPM	JPMORGAN CHASE & CO	188,976	$18.45M	1.8%	$70.43	+24.3%	COM	46625H100
GOOG	ALPHABET INC	17,534	$18.16M	1.8%	$36.91	+43.9%	CAP STK CL C	02079K107
SPY	SPDR S&P 500 ETF TR	71,997	$17.99M	1.7%	$35602.92	—	TR UNIT	78462F103
CPT	CAMDEN PPTY TR	195,960	$17.25M	1.7%	$52.29	+37.7%	SH BEN INT	133131102
V	VISA INC	125,525	$16.56M	1.6%	$81.07	+62.1%	COM CL A	92826C839
—	CYRUSONE INC	313,074	$16.55M	1.6%	$2361.94	—	COM	23283R100
SRE	SEMPRA ENERGY	145,661	$15.76M	1.5%	$36.75	+23.0%	COM	816851109
UNH	UNITEDHEALTH GROUP INC	61,549	$15.33M	1.5%	$178.27	+31.9%	COM	91324P102
TMO	THERMO FISHER SCIENTIFIC INC	60,642	$13.57M	1.3%	$124.43	+85.1%	COM	883556102
DIS	DISNEY WALT CO	121,834	$13.36M	1.3%	$98.96	+10.2%	COM DISNEY	254687106
KRC	KILROY RLTY CORP	210,602	$13.24M	1.3%	$66.50	—	COM	49427F108
WM	WASTE MGMT INC DEL	145,247	$12.93M	1.3%	$50.55	+57.6%	COM	94106L109
XOM	EXXON MOBIL CORP	185,660	$12.66M	1.2%	$50.87	+10.9%	COM	30231G102
—	LIBERTY PPTY TR	297,784	$12.47M	1.2%	$43.89	—	SH BEN INT	531172104
JNJ	JOHNSON & JOHNSON	94,106	$12.14M	1.2%	$76.28	+49.6%	COM	478160104
COST	COSTCO WHSL CORP NEW	59,493	$12.12M	1.2%	$122.38	+65.0%	COM	22160K105
REG	REGENCY CTRS CORP	206,384	$12.11M	1.2%	$47.28	-1.2%	COM	758849103
CRM	SALESFORCE COM INC	88,170	$12.08M	1.2%	$119.82	+13.4%	COM	79466L302
SBAC	SBA COMMUNICATIONS CORP NEW	74,531	$12.07M	1.2%	$147.21	+2.1%	CL A	78410G104
INVH	INVITATION HOMES INC	581,111	$11.67M	1.1%	$18.25	-3.8%	COM	46187W107
LOW	LOWES COS INC	124,539	$11.5M	1.1%	$71.77	+17.9%	COM	548661107
CAT	CATERPILLAR INC DEL	88,039	$11.19M	1.1%	$105.69	+5.5%	COM	149123101
NVS	NOVARTIS A G	130,144	$11.17M	1.1%	$82.32	—	SPONSORED ADR	66987V109
KO	COCA COLA CO	234,710	$11.11M	1.1%	$37.08	+3.5%	COM	191216100
MDT	MEDTRONIC PLC	120,524	$10.96M	1.1%	$75.99	+1.5%	SHS	G5960L103
REXR	REXFORD INDL RLTY INC	368,814	$10.87M	1.1%	$28.27	—	COM	76169C100
VNO	VORNADO RLTY TR	172,904	$10.72M	1.0%	$1320.33	—	SH BEN INT	929042109
AXP	AMERICAN EXPRESS CO	111,626	$10.64M	1.0%	$62.43	+52.2%	COM	025816109
DEI	DOUGLAS EMMETT INC	311,726	$10.64M	1.0%	$39.23	—	COM	25960P109
AZN	ASTRAZENECA PLC	277,869	$10.55M	1.0%	$39.24	—	SPONSORED ADR	046353108
AVGO	BROADCOM INC	41,187	$10.47M	1.0%	$19.67	-1.5%	COM	11135F101
CSCO	CISCO SYS INC	241,583	$10.47M	1.0%	$34.94	+5.6%	COM	17275R102
HPQ	HP INC	511,405	$10.46M	1.0%	$16.74	+9.0%	COM	40434L105
PG	PROCTER AND GAMBLE CO	112,726	$10.36M	1.0%	$72.09	+3.7%	COM	742718109
CMCSA	COMCAST CORP NEW	300,643	$10.24M	1.0%	$31.00	-1.8%	CL A	20030N101
—	DOWDUPONT INC	180,774	$9.668M	0.9%	$69.23	—	COM	26078J100
META	FACEBOOK INC	73,633	$9.653M	0.9%	$40.38	+256.2%	CL A	30303M102
HLT	HILTON WORLDWIDE HLDGS INC	128,804	$9.248M	0.9%	$76.38	-7.4%	COM	43300A203
SCHW	SCHWAB CHARLES CORP NEW	222,050	$9.222M	0.9%	$38.10	+7.4%	COM	808513105
MAC	MACERICH CO	208,261	$9.014M	0.9%	$519.22	—	COM	554382101
EMR	EMERSON ELEC CO	149,229	$8.916M	0.9%	$44.54	+28.0%	COM	291011104
COLD	AMERICOLD RLTY TR	343,320	$8.768M	0.9%	$25.02	—	COM	03064D108
—	ANADARKO PETE CORP	196,464	$8.613M	0.8%	$56.90	—	COM	032511107
TJX	TJX COS INC NEW	187,496	$8.389M	0.8%	$45.89	0.0%	COM	872540109
HON	HONEYWELL INTL INC	63,257	$8.358M	0.8%	$105.19	+11.9%	COM	438516106
AMH	AMERICAN HOMES 4 RENT	411,485	$8.168M	0.8%	$22.16	—	CL A	02665T306
KRG	KITE RLTY GROUP TR	574,156	$8.09M	0.8%	$22.38	—	COM NEW	49803T300
NOC	NORTHROP GRUMMAN CORP	32,443	$7.945M	0.8%	$264.97	-7.4%	COM	666807102
GOOGL	ALPHABET INC	7,536	$7.875M	0.8%	$46.46	+15.5%	CAP STK CL A	02079K305
AHRT	ARMADA HOFFLER PPTYS INC	551,351	$7.752M	0.8%	$11.06	—	COM	04208T108
HST	HOST HOTELS & RESORTS INC	464,279	$7.74M	0.8%	$12.43	+15.1%	COM	44107P104
—	APTIV PLC	121,548	$7.484M	0.7%	$84.78	—	SHS	G6095L109
—	ROYAL DUTCH SHELL PLC	123,152	$7.382M	0.7%	$56.96	—	SPON ADR B	780259107
EGP	EASTGROUP PPTY INC	80,056	$7.343M	0.7%	$3425.81	—	COM	277276101
IRT	INDEPENDENCE RLTY TR INC	794,847	$7.297M	0.7%	$9.26	—	COM	45378A106
UE	URBAN EDGE PPTYS	438,943	$7.295M	0.7%	$24.86	—	COM	91704F104
—	RETAIL OPPORTUNITY INVTS COR	443,023	$7.035M	0.7%	$20.94	—	COM	76131N101
SPY	SPDR S&P 500 ETF TR	28,000	$6.998M	0.7%	$35602.92	—	Put	78462F103
ESRT	EMPIRE ST RLTY TR INC	467,365	$6.651M	0.6%	$18.73	—	CL A	292104106
BAC	BANK AMER CORP	258,929	$6.38M	0.6%	$15.20	+49.9%	COM	060505104
EPD	ENTERPRISE PRODS PARTNERS L	216,084	$5.314M	0.5%	$34.80	—	COM	293792107
BND	VANGUARD BD INDEX FD INC	64,472	$5.107M	0.5%	$81.40	—	TOTAL BND MRKT	921937835
SKT	TANGER FACTORY OUTLET CTRS I	240,972	$4.872M	0.5%	$5558.17	—	COM	875465106
SCHF	SCHWAB STRATEGIC TR	167,775	$4.756M	0.5%	$28.35	—	INTL EQTY ETF	808524805
VEA	VANGUARD TAX MANAGED INTL FD	118,193	$4.385M	0.4%	$43.20	—	FTSE DEV MKT ETF	921943858
VOO	VANGUARD INDEX FDS	18,968	$4.359M	0.4%	$233.43	—	S&P 500 ETF SHS	922908363
VWO	VANGUARD INTL EQUITY INDEX F	110,234	$4.2M	0.4%	$1385.72	—	FTSE EMR MKT ETF	922042858
MRK	MERCK & CO INC	52,152	$3.985M	0.4%	$46.87	+20.6%	COM	58933Y105
C	CITIGROUP INC	73,696	$3.837M	0.4%	$53.31	-7.4%	COM NEW	172967424
VXF	VANGUARD INDEX FDS	34,626	$3.456M	0.3%	$13999.06	—	EXTEND MKT ETF	922908652
—	MAGELLAN MIDSTREAM PRTNRS LP	49,072	$2.8M	0.3%	$413.47	—	COM UNIT RP LP	559080106
PEP	PEPSICO INC	24,385	$2.694M	0.3%	$75.21	+20.6%	COM	713448108
JHMM	JOHN HANCOCK EXCHANGE TRADED	87,724	$2.67M	0.3%	$34.76	—	MULTIFACTOR MI	47804J206
EFA	ISHARES TR	43,782	$2.574M	0.2%	$1203.05	—	MSCI EAFE ETF	464287465
EOG	EOG RES INC	29,235	$2.55M	0.2%	$88.29	-8.6%	COM	26875P101
PXH	INVESCO EXCHNG TRADED FD TR	122,873	$2.429M	0.2%	$20.65	—	FTSE RAFI EMNG	46138E727
WFC	WELLS FARGO CO NEW	52,531	$2.421M	0.2%	$30.30	+38.7%	COM	949746101
—	ALLERGAN PLC	17,960	$2.401M	0.2%	$232.93	—	SHS	G0177J108
IEMG	ISHARES INC	46,732	$2.203M	0.2%	$54.39	—	CORE MSCI EMKT	46434G103
SBR	SABINE ROYALTY TR	58,678	$2.178M	0.2%	$28832.38	—	UNIT BEN INT	785688102
JHMD	JOHN HANCOCK EXCHANGE TRADED	83,580	$2.133M	0.2%	$29.18	—	MULTI INTL ETF	47804J859
—	WESTERN GAS PARTNERS LP	49,859	$2.106M	0.2%	$60.36	—	COM UNIT LP IN	958254104
VB	VANGUARD INDEX FDS	15,698	$2.072M	0.2%	$147.75	—	SMALL CP ETF	922908751
PXF	INVESCO EXCHNG TRADED FD TR	54,108	$2.03M	0.2%	$43.04	—	FTSE RAFI DEV	46138E743
—	WASHINGTON PRIME GROUP NEW	410,200	$1.994M	0.2%	$5.82	—	COM	93964W108
SCHA	SCHWAB STRATEGIC TR	32,790	$1.99M	0.2%	$60.69	—	US SML CAP ETF	808524607
—	WELLS FARGO CO NEW	1,312	$1.656M	0.2%	$1310.90	—	PERP PFD CNV A	949746804
GSY	INVESCO ACTIVELY MANAGD ETF	32,776	$1.641M	0.2%	$50.17	—	ULTRA SHRT DUR	46090A887
TILT	FLEXSHARES TR	16,325	$1.634M	0.2%	$113.75	—	MORNSTAR USMKT	33939L100
HAL	HALLIBURTON CO	58,014	$1.542M	0.1%	$34.69	-16.0%	COM	406216101
SLB	SCHLUMBERGER LTD	42,008	$1.516M	0.1%	$55.22	-27.2%	COM	806857108
—	FLIR SYS INC	34,612	$1.507M	0.1%	$49.54	—	COM	302445101
—	PIONEER NAT RES CO	11,416	$1.501M	0.1%	$170.80	—	COM	723787107
CTRA	CABOT OIL & GAS CORP	66,457	$1.485M	0.1%	$18.75	-4.6%	COM	127097103
—	ETF MANAGERS TR	41,914	$1.413M	0.1%	$34.27	—	PRIME CYBR SCRTY	26924G201
CVX	CHEVRON CORP NEW	12,711	$1.383M	0.1%	$79.58	+6.5%	COM	166764100
IFF	INTERNATIONAL FLAVORS&FRAGRA	9,280	$1.246M	0.1%	$107.86	+6.2%	COM	459506101
—	DRIL-QUIP INC	40,025	$1.202M	0.1%	$44.80	—	COM	262037104
AB	ALLIANCEBERNSTEIN HOLDING LP	43,335	$1.184M	0.1%	$26.88	—	UNIT LTD PARTN	01881G106
—	BB&T CORP	26,771	$1.16M	0.1%	$51.36	—	COM	054937107
VCSH	VANGUARD SCOTTSDALE FDS	14,818	$1.155M	0.1%	$79.83	—	SHRT TRM CORP BD	92206C409
—	ROYAL DUTCH SHELL PLC	19,204	$1.119M	0.1%	$61.46	—	SPONS ADR A	780259206
ADBE	ADOBE INC	4,638	$1.049M	0.1%	$203.88	+18.4%	COM	00724F101
MAIN	MAIN STREET CAPITAL CORP	30,816	$1.042M	0.1%	$37.46	-0.7%	COM	56035L104
LMT	LOCKHEED MARTIN CORP	3,960	$1.037M	0.1%	$268.93	-7.0%	COM	539830109
GILD	GILEAD SCIENCES INC	16,468	$1.03M	0.1%	$62.15	-14.7%	COM	375558103
EMN	EASTMAN CHEM CO	13,415	$981K	0.1%	$77.04	-19.8%	COM	277432100
NTR	NUTRIEN LTD	20,281	$953K	0.1%	$38.37	+6.5%	COM	67077M108
NKE	NIKE INC	12,816	$950K	0.1%	$59.62	+14.3%	CL B	654106103
MMM	3M CO	4,822	$919K	0.1%	$70.57	+81.7%	COM	88579Y101
ARE	ALEXANDRIA REAL ESTATE EQ IN	7,960	$917K	0.1%	$71.90	+29.8%	COM	015271109
XLU	SELECT SECTOR SPDR TR	17,139	$907K	0.1%	$43.67	—	SBI INT-UTILS	81369Y886
IVV	ISHARES TR	3,577	$900K	0.1%	$273.84	—	CORE S&P500 ETF	464287200
XLY	SELECT SECTOR SPDR TR	9,030	$894K	0.1%	$74.48	—	SBI CONS DISCR	81369Y407
XLV	SELECT SECTOR SPDR TR	10,076	$872K	0.1%	$66.85	—	SBI HEALTHCARE	81369Y209
XLP	SELECT SECTOR SPDR TR	17,110	$869K	0.1%	$47.64	—	SBI CONS STPLS	81369Y308
BRK/B	BERKSHIRE HATHAWAY INC DEL	4,127	$843K	0.1%	$123.47	+69.2%	CL B NEW	084670702
—	CONSOLIDATED TOMOKA LD CO	15,907	$835K	0.1%	$58.45	—	COM	210226106
XLK	SELECT SECTOR SPDR TR	13,206	$819K	0.1%	$39.55	—	TECHNOLOGY	81369Y803
WAT	WATERS CORP	4,298	$811K	0.1%	$97.50	+94.8%	COM	941848103
MA	MASTERCARD INCORPORATED	4,247	$801K	0.1%	$90.67	+110.6%	CL A	57636Q104
—	WALGREENS BOOTS ALLIANCE INC	11,535	$788K	0.1%	$65.16	—	COM	931427108
XLI	SELECT SECTOR SPDR TR	11,808	$761K	0.1%	$50.31	—	SBI INT-INDS	81369Y704
XLB	SELECT SECTOR SPDR TR	15,000	$758K	0.1%	$40.04	—	SBI MATERIALS	81369Y100
T	AT&T INC	26,010	$742K	0.1%	$14.66	-4.3%	COM	00206R102
LIVN	LIVANOVA PLC	8,045	$736K	0.1%	$60.69	+77.0%	SHS	G5509L101
INTC	INTEL CORP	15,139	$710K	0.1%	$40.07	+0.3%	COM	458140100
PM	PHILIP MORRIS INTL INC	10,581	$706K	0.1%	$50.77	+12.8%	COM	718172109
—	UNITED TECHNOLOGIES CORP	6,627	$706K	0.1%	$173.12	—	COM	913017109
PFE	PFIZER INC	16,135	$704K	0.1%	$20.06	+49.7%	COM	717081103
XLC	SELECT SECTOR SPDR TR	16,402	$677K	0.1%	$48.99	—	COMMUNICATION	81369Y852
XLF	SELECT SECTOR SPDR TR	28,266	$673K	0.1%	$22.76	—	SBI INT-FINL	81369Y605
XLE	SELECT SECTOR SPDR TR	11,176	$641K	0.1%	$61.63	—	ENERGY	81369Y506
XLRE	SELECT SECTOR SPDR TR	20,609	$639K	0.1%	$31.01	—	RL EST SEL SEC	81369Y860
TXN	TEXAS INSTRS INC	6,271	$593K	0.1%	$79.11	0.0%	COM	882508104
—	WEINGARTEN RLTY INVS	23,802	$591K	0.1%	$1196.10	—	SH BEN INT	948741103
APD	AIR PRODS & CHEMS INC	3,596	$576K	0.1%	$73.42	+81.4%	COM	009158106
IWF	ISHARES TR	4,149	$543K	0.1%	$135.93	—	RUS 1000 GRW ETF	464287614
VZ	VERIZON COMMUNICATIONS INC	9,594	$539K	0.1%	$28.23	+36.8%	COM	92343V104
—	BANK AMER CORP	42,000	$538K	0.1%	$6.66	—	*W EXP 01/16/201	060505146
KMI	KINDER MORGAN INC DEL	33,821	$520K	0.1%	$10.93	+2.5%	COM	49456B101
—	MARATHON OIL CORP	36,076	$517K	0.1%	$16.91	—	COM	565849106
—	CONCHO RES INC	4,945	$508K	0.0%	$149.52	—	COM	20605P101
ABBV	ABBVIE INC	5,236	$483K	0.0%	$50.54	+28.2%	COM	00287Y109
NVO	NOVO-NORDISK A S	10,070	$464K	0.0%	$30095.88	—	ADR	670100205
JHML	JOHN HANCOCK EXCHANGE TRADED	14,276	$458K	0.0%	$34.54	—	MLTFCTR LRG CAP	47804J107
—	LABORATORY CORP AMER HLDGS	3,532	$446K	0.0%	$109.51	—	COM NEW	50540R409
—	WPX ENERGY INC	39,013	$443K	0.0%	$15.21	—	COM	98212B103
—	BUCKEYE PARTNERS L P	15,171	$440K	0.0%	$36.62	—	UNIT LTD PARTN	118230101
PAA	PLAINS ALL AMERN PIPELINE L	20,975	$420K	0.0%	$22.02	—	UNIT LTD PARTN	726503105
—	NOBLE ENERGY INC	21,213	$398K	0.0%	$30.94	—	COM	655044105
CMI	CUMMINS INC	2,920	$390K	0.0%	$94.36	+24.5%	COM	231021106
MO	ALTRIA GROUP INC	7,760	$383K	0.0%	$29.72	+11.5%	COM	02209S103
IBM	INTERNATIONAL BUSINESS MACHS	3,304	$376K	0.0%	$97.33	-9.6%	COM	459200101
IWM	ISHARES TR	2,770	$371K	0.0%	$153.34	—	RUSSELL 2000 ETF	464287655
BA	BOEING CO	1,104	$356K	0.0%	$226.32	+48.0%	COM	097023105
SCHB	SCHWAB STRATEGIC TR	5,514	$330K	0.0%	$65.51	—	US BRD MKT ETF	808524102
DEO	DIAGEO P L C	2,299	$326K	0.0%	$111.51	—	SPON ADR NEW	25243Q205
—	WESTERN GAS EQUITY PARTNERS	11,305	$313K	0.0%	$35.57	—	COMUNT LTD PT	95825R103
TRGP	TARGA RES CORP	8,028	$289K	0.0%	$35.83	+6.2%	COM	87612G101
MKL	MARKEL CORP	262	$272K	0.0%	$793.77	+37.8%	COM	570535104
VCIT	VANGUARD SCOTTSDALE FDS	3,255	$270K	0.0%	$87.49	—	INT-TERM CORP	92206C870
—	SPDR SERIES TRUST	10,000	$265K	0.0%	$35.20	—	S&P OILGAS EXP	78464A730
MCD	MCDONALDS CORP	1,479	$263K	0.0%	$135.53	+10.7%	COM	580135101
OXY	OCCIDENTAL PETE CORP DEL	4,141	$254K	0.0%	$59.86	-0.6%	COM	674599105
BK	BANK NEW YORK MELLON CORP	5,121	$241K	0.0%	$44.73	-11.4%	COM	064058100
EEMV	ISHARES INC	3,949	$221K	0.0%	$54.23	—	MIN VOL EMRG MKT	464286533
WY	WEYERHAEUSER CO	10,000	$219K	0.0%	$18.46	+9.0%	COM	962166104
D	DOMINION ENERGY INC	2,923	$209K	0.0%	$50.99	+4.4%	COM	25746U109
RNR	RENAISSANCERE HOLDINGS LTD	1,560	$209K	0.0%	$129.14	+1.1%	COM	G7496G103
SHY	ISHARES TR	2,500	$209K	0.0%	$84.40	—	1 3 YR TREAS BD	464287457
SM	SM ENERGY CO	11,536	$179K	0.0%	$19.59	+6.5%	COM	78454L100
OSG	AMBAC FINL GROUP INC	10,000	$172K	0.0%	$21.85	-16.0%	COM NEW	023139884
—	GULFPORT ENERGY CORP	25,989	$170K	0.0%	$10.04	—	COM NEW	402635304
—	GENERAL ELECTRIC CO	22,201	$168K	0.0%	$13669.37	—	COM	369604103
AR	ANTERO RES CORP	15,830	$149K	0.0%	$19.43	-23.9%	COM	03674X106
—	SOUTHWESTERN ENERGY CO	40,559	$138K	0.0%	$4.46	—	COM	845467109
OII	OCEANEERING INTL INC	10,166	$123K	0.0%	$20.05	-6.2%	COM	675232102
—	WEATHERFORD INTL LTD	175,000	$110K	0.0%	$0.90	—	NOTE 5.875% 7/0	947075AH0
—	OASIS PETE INC NEW	15,442	$85,000	0.0%	$12.95	—	COM	674215108
—	TRANSGLOBE ENERGY CORP	24,480	$46,000	0.0%	$2.78	—	COM	893662106
—	FORUM ENERGY TECHNOLOGIES IN	10,954	$45,000	0.0%	$11.34	—	COM	34984V100
—	DENBURY RES INC	23,300	$40,000	0.0%	$2.75	—	COM NEW	247916208