Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	229,768	$36.24M	3.6%	$52.38	+198.5%	COM	594918104
AMZN	AMAZON COM INC	16,768	$32.69M	3.3%	$24.28	+298.7%	COM	023135106
EQIX	EQUINIX INC	51,075	$31.9M	3.2%	$359.93	+49.0%	COM	29444U700
AAPL	APPLE INC	123,031	$31.29M	3.1%	$24.01	+196.1%	COM	037833100
SBAC	SBA COMMUNICATIONS CORP NEW	96,083	$25.94M	2.6%	$164.92	+48.3%	CL A	78410G104
CCI	CROWN CASTLE INTL CORP NEW	169,419	$24.46M	2.5%	$60.10	+91.2%	COM	22822V101
PLD	PROLOGIS INC.	295,553	$23.75M	2.4%	$74.10	0.0%	COM	74340W103
AMT	AMERICAN TOWER CORP NEW	105,641	$23M	2.3%	$106.99	+84.3%	COM	03027X100
GOOG	ALPHABET INC	16,446	$19.12M	1.9%	$37.13	+81.4%	CAP STK CL C	02079K107
UNH	UNITEDHEALTH GROUP INC	74,535	$18.59M	1.9%	$187.87	+32.9%	COM	91324P102
JPM	JPMORGAN CHASE & CO	194,559	$17.52M	1.8%	$72.85	+42.2%	COM	46625H100
AVB	AVALONBAY CMNTYS INC	114,420	$16.84M	1.7%	$116.93	+39.7%	COM	053484101
CPT	CAMDEN PPTY TR	210,179	$16.66M	1.7%	$57.35	+47.8%	SH BEN INT	133131102
META	FACEBOOK INC	98,896	$16.5M	1.7%	$86.12	+125.8%	CL A	30303M102
COLD	AMERICOLD RLTY TR	471,705	$16.06M	1.6%	$27.75	—	COM	03064D108
V	VISA INC	99,140	$15.97M	1.6%	$83.26	+117.0%	COM CL A	92826C839
SRE	SEMPRA ENERGY	137,410	$15.53M	1.6%	$36.75	+58.9%	COM	816851109
SPY	SPDR S&P 500 ETF TR	59,003	$15.21M	1.5%	$34637.27	—	TR UNIT	78462F103
KRC	KILROY RLTY CORP	211,233	$13.46M	1.4%	$66.35	—	COM	49427F108
COST	COSTCO WHSL CORP NEW	46,948	$13.39M	1.3%	$122.38	+127.0%	COM	22160K105
DG	DOLLAR GEN CORP NEW	86,521	$13.07M	1.3%	$110.24	+29.1%	COM	256677105
AMH	AMERICAN HOMES 4 RENT	558,417	$12.96M	1.3%	$22.38	—	CL A	02665T306
DEI	DOUGLAS EMMETT INC	424,328	$12.95M	1.3%	$38.18	—	COM	25960P109
BXP	BOSTON PROPERTIES INC	139,176	$12.84M	1.3%	$78.26	+22.1%	COM	101121101
CRM	SALESFORCE COM INC	88,711	$12.77M	1.3%	$120.83	+40.2%	COM	79466L302
WM	WASTE MGMT INC DEL	137,019	$12.68M	1.3%	$50.55	+106.1%	COM	94106L109
TMO	THERMO FISHER SCIENTIFIC INC	44,336	$12.57M	1.3%	$124.43	+149.5%	COM	883556102
INVH	INVITATION HOMES INC	581,312	$12.42M	1.2%	$18.64	+27.9%	COM	46187W107
AZN	ASTRAZENECA PLC	273,666	$12.22M	1.2%	$39.30	—	SPONSORED ADR	046353108
KO	COCA COLA CO	275,020	$12.17M	1.2%	$37.84	+18.9%	COM	191216100
PG	PROCTER & GAMBLE CO	106,907	$11.76M	1.2%	$72.22	+43.8%	COM	742718109
CMCSA	COMCAST CORP NEW	328,046	$11.28M	1.1%	$31.56	+14.2%	CL A	20030N101
NOC	NORTHROP GRUMMAN CORP	36,990	$11.19M	1.1%	$265.06	+19.0%	COM	666807102
NVS	NOVARTIS A G	135,186	$11.15M	1.1%	$82.54	—	SPONSORED ADR	66987V109
DIS	DISNEY WALT CO	115,023	$11.11M	1.1%	$99.81	+23.8%	COM DISNEY	254687106
TJX	TJX COS INC NEW	231,621	$11.07M	1.1%	$46.81	+14.0%	COM	872540109
MDT	MEDTRONIC PLC	121,432	$10.95M	1.1%	$76.17	+18.4%	SHS	G5960L103
KMB	KIMBERLY CLARK CORP	83,560	$10.69M	1.1%	$109.68	+2.2%	COM	494368103
AVGO	BROADCOM INC	43,355	$10.28M	1.0%	$19.96	+21.6%	COM	11135F101
LOW	LOWES COS INC	117,542	$10.11M	1.0%	$71.77	+36.9%	COM	548661107
CUZ	COUSINS PPTYS INC	333,433	$9.76M	1.0%	$36.41	—	COM NEW	222795502
AXP	AMERICAN EXPRESS CO	113,934	$9.754M	1.0%	$64.72	+66.3%	COM	025816109
REXR	REXFORD INDL RLTY INC	236,225	$9.688M	1.0%	$28.27	—	COM	76169C100
APD	AIR PRODS & CHEMS INC	48,435	$9.668M	1.0%	$188.53	+4.5%	COM	009158106
ESS	ESSEX PPTY TR INC	43,590	$9.6M	1.0%	$163.49	+42.1%	COM	297178105
HON	HONEYWELL INTL INC	71,589	$9.578M	1.0%	$109.85	+24.3%	COM	438516106
CAT	CATERPILLAR INC DEL	82,415	$9.563M	1.0%	$106.11	+6.9%	COM	149123101
ORLY	O REILLY AUTOMOTIVE INC NEW	31,534	$9.493M	1.0%	$25.56	0.0%	COM	67103H107
—	QTS RLTY TR INC	162,381	$9.42M	0.9%	$53.34	—	COM CL A	74736A103
PGR	PROGRESSIVE CORP OHIO	122,801	$9.068M	0.9%	$64.64	+1.1%	COM	743315103
—	CORESITE RLTY CORP	78,049	$9.046M	0.9%	$120.23	—	COM	21870Q105
C	CITIGROUP INC	214,499	$9.035M	0.9%	$53.11	+2.0%	COM NEW	172967424
FIS	FIDELITY NATL INFORMATION SV	74,083	$9.011M	0.9%	$123.12	0.0%	COM	31620M106
GOOGL	ALPHABET INC	7,406	$8.605M	0.9%	$46.69	+44.0%	CAP STK CL A	02079K305
EMR	EMERSON ELEC CO	168,988	$8.052M	0.8%	$46.51	+24.2%	COM	291011104
—	CONSOLIDATED TOMOKA LD CO	171,496	$7.774M	0.8%	$58.47	—	COM	210226106
JCI	JOHNSON CTLS INTL PLC	286,808	$7.732M	0.8%	$36.53	-9.8%	SHS	G51502105
VNQI	VANGUARD INTL EQUITY INDEX F	177,850	$7.632M	0.8%	$59.44	—	GLB EX US ETF	922042676
XOM	EXXON MOBIL CORP	188,034	$7.136M	0.7%	$50.90	-17.3%	COM	30231G102
—	CYRUSONE INC	107,410	$6.633M	0.7%	$61.75	—	COM	23283R100
VICI	VICI PPTYS INC	391,900	$6.521M	0.7%	$15.65	+8.4%	COM	925652109
VEA	VANGUARD TAX-MANAGED INTL FD	182,033	$6.069M	0.6%	$40.81	—	FTSE DEV MKT ETF	921943858
—	CATCHMARK TIMBER TR INC	832,213	$6.009M	0.6%	$10.24	—	CL A	14912Y202
BAC	BK OF AMERICA CORP	264,090	$5.607M	0.6%	$15.74	+64.6%	COM	060505104
DD	DUPONT DE NEMOURS INC	156,886	$5.35M	0.5%	$26.21	-30.8%	COM	26614N102
—	ROYAL DUTCH SHELL PLC	145,906	$4.765M	0.5%	$58.59	—	SPON ADR B	780259107
AHRT	ARMADA HOFFLER PPTYS INC	425,770	$4.556M	0.5%	$11.06	—	COM	04208T108
BND	VANGUARD BD INDEX FDS	52,098	$4.447M	0.4%	$81.40	—	TOTAL BND MRKT	921937835
SCHF	SCHWAB STRATEGIC TR	171,095	$4.421M	0.4%	$28.51	—	INTL EQTY ETF	808524805
SPY	SPDR S&P 500 ETF TR	17,100	$4.408M	0.4%	$34637.27	—	Put	78462F103
VWO	VANGUARD INTL EQUITY INDEX F	125,956	$4.226M	0.4%	$1189.70	—	FTSE EMR MKT ETF	922042858
IEMG	ISHARES INC	99,861	$4.041M	0.4%	$48.84	—	CORE MSCI EMKT	46434G103
UE	URBAN EDGE PPTYS	452,408	$3.986M	0.4%	$23.49	—	COM	91704F104
VOO	VANGUARD INDEX FDS	16,738	$3.964M	0.4%	$234.46	—	S&P 500 ETF SHS	922908363
JHMD	JOHN HANCOCK ETF TRUST	153,810	$3.491M	0.4%	$27.63	—	MULTI INTL ETF	47804J859
ESRT	EMPIRE ST RLTY TR INC	366,154	$3.281M	0.3%	$16.86	—	CL A	292104106
ALEX	ALEXANDER & BALDWIN INC NEW	286,396	$3.213M	0.3%	$18.20	—	COM	014491104
VCSH	VANGUARD SCOTTSDALE FDS	38,061	$3.011M	0.3%	$80.23	—	SHRT TRM CORP BD	92206C409
PXH	INVESCO EXCHANGE-TRADED FD T	191,086	$2.948M	0.3%	$20.01	—	FTSE RAFI EMNG	46138E727
VB	VANGUARD INDEX FDS	25,469	$2.94M	0.3%	$146.81	—	SMALL CP ETF	922908751
FANG	DIAMONDBACK ENERGY INC	107,342	$2.812M	0.3%	$80.02	-38.4%	COM	25278X109
EPD	ENTERPRISE PRODS PARTNERS L	182,526	$2.61M	0.3%	$34.80	—	COM	293792107
PXF	INVESCO EXCHANGE-TRADED FD T	84,744	$2.571M	0.3%	$41.15	—	FTSE RAFI DEV	46138E743
PEP	PEPSICO INC	21,237	$2.551M	0.3%	$75.21	+49.9%	COM	713448108
VXF	VANGUARD INDEX FDS	27,453	$2.486M	0.2%	$13999.06	—	EXTEND MKT ETF	922908652
SPY	SPDR S&P 500 ETF TR	9,500	$2.449M	0.2%	$34637.27	—	Call	78462F103
JHMM	JOHN HANCOCK ETF TRUST	81,038	$2.302M	0.2%	$34.85	—	MULTIFACTOR MI	47804J206
MRK	MERCK & CO. INC	29,156	$2.243M	0.2%	$46.87	+38.9%	COM	58933Y105
EFA	ISHARES TR	38,307	$2.048M	0.2%	$1181.53	—	MSCI EAFE ETF	464287465
JNJ	JOHNSON & JOHNSON	14,750	$1.934M	0.2%	$77.28	+55.5%	COM	478160104
CSCO	CISCO SYS INC	42,437	$1.668M	0.2%	$35.08	+4.5%	COM	17275R102
—	MAGELLAN MIDSTREAM PRTNRS LP	44,462	$1.622M	0.2%	$413.47	—	COM UNIT RP LP	559080106
SCHA	SCHWAB STRATEGIC TR	31,186	$1.607M	0.2%	$61.28	—	US SML CAP ETF	808524607
SBR	SABINE ROYALTY TR	56,838	$1.59M	0.2%	$28832.38	—	UNIT BEN INT	785688102
—	WELLS FARGO CO NEW	1,168	$1.488M	0.1%	$1310.90	—	PERP PFD CNV A	949746804
IWF	ISHARES TR	9,796	$1.476M	0.1%	$150.67	—	RUS 1000 GRW ETF	464287614
IVV	ISHARES TR	5,236	$1.353M	0.1%	$278.81	—	CORE S&P500 ETF	464287200
MA	MASTERCARD INC	4,572	$1.104M	0.1%	$104.05	+176.6%	CL A	57636Q104
LMT	LOCKHEED MARTIN CORP	2,994	$1.015M	0.1%	$268.93	+24.5%	COM	539830109
WFC	WELLS FARGO CO NEW	33,010	$947K	0.1%	$30.49	+20.1%	COM	949746101
GILD	GILEAD SCIENCES INC	12,250	$916K	0.1%	$61.48	-10.7%	COM	375558103
TILT	FLEXSHARES TR	9,750	$909K	0.1%	$113.75	—	MORNSTAR USMKT	33939L100
EOG	EOG RES INC	23,462	$843K	0.1%	$87.89	-43.5%	COM	26875P101
XLK	SELECT SECTOR SPDR TR	10,430	$838K	0.1%	$42.69	—	TECHNOLOGY	81369Y803
ARE	ALEXANDRIA REAL ESTATE EQ IN	6,050	$829K	0.1%	$71.90	+72.6%	COM	015271109
JHML	JOHN HANCOCK ETF TRUST	23,944	$768K	0.1%	$35.12	—	MLTFCTR LRG CAP	47804J107
BMY	BRISTOL-MYERS SQUIBB CO	13,740	$766K	0.1%	$36.24	+34.0%	COM	110122108
—	CONCHO RES INC	17,592	$754K	0.1%	$67.60	—	COM	20605P101
CVX	CHEVRON CORP NEW	10,379	$752K	0.1%	$79.58	-4.5%	COM	166764100
INTC	INTEL CORP	13,838	$749K	0.1%	$42.32	+23.7%	COM	458140100
GSY	INVESCO ACTIVELY MANAGED ETF	14,916	$733K	0.1%	$49.97	—	ULTRA SHRT DUR	46090A887
XLV	SELECT SECTOR SPDR TR	8,026	$711K	0.1%	$68.11	—	SBI HEALTHCARE	81369Y209
—	PIONEER NAT RES CO	9,881	$693K	0.1%	$170.37	—	COM	723787107
T	AT&T INC	23,563	$687K	0.1%	$15.87	+14.5%	COM	00206R102
IFF	INTERNATIONAL FLAVORS&FRAGRA	6,600	$674K	0.1%	$107.86	-1.7%	COM	459506101
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,663	$670K	0.1%	$123.47	+72.1%	CL B NEW	084670702
IIPR	INNOVATIVE INDL PPTYS INC	8,740	$664K	0.1%	$75.97	—	COM	45781V101
—	DRIL QUIP INC	21,668	$661K	0.1%	$44.80	—	COM	262037104
SCHB	SCHWAB STRATEGIC TR	10,853	$656K	0.1%	$66.36	—	US BRD MKT ETF	808524102
—	APTIV PLC	13,195	$650K	0.1%	$63.43	—	SHS	G6095L109
FLOT	ISHARES TR	13,304	$648K	0.1%	$50.98	—	FLTG RATE NT ETF	46429B655
SCHW	SCHWAB CHARLES CORP	18,916	$636K	0.1%	$38.21	+1.2%	COM	808513105
FNDF	SCHWAB STRATEGIC TR	29,749	$626K	0.1%	$22.82	—	SCHWB FDT INT LG	808524755
VZ	VERIZON COMMUNICATIONS INC	11,348	$610K	0.1%	$30.07	+36.4%	COM	92343V104
—	ROYAL DUTCH SHELL PLC	17,303	$604K	0.1%	$61.37	—	SPONS ADR A	780259206
NVO	NOVO-NORDISK A S	10,000	$602K	0.1%	$27364.53	—	ADR	670100205
XLRE	SELECT SECTOR SPDR TR	19,334	$599K	0.1%	$31.01	—	RL EST SEL SEC	81369Y860
XLP	SELECT SECTOR SPDR TR	10,787	$588K	0.1%	$47.64	—	SBI CONS STPLS	81369Y308
XLY	SELECT SECTOR SPDR TR	5,840	$573K	0.1%	$74.48	—	SBI CONS DISCR	81369Y407
—	PINNACLE FINL PARTNERS INC	15,115	$567K	0.1%	$63.98	—	COM	72346Q104
PM	PHILIP MORRIS INTL INC	7,600	$554K	0.1%	$51.37	+18.2%	COM	718172109
SLB	SCHLUMBERGER LTD	40,026	$540K	0.1%	$51.80	-51.2%	COM	806857108
XLU	SELECT SECTOR SPDR TR	9,166	$508K	0.1%	$43.67	—	SBI INT-UTILS	81369Y886
XLC	SELECT SECTOR SPDR TR	11,345	$502K	0.1%	$53.60	—	COMMUNICATION	81369Y852
PFE	PFIZER INC	14,717	$480K	0.0%	$20.34	+27.0%	COM	717081103
—	WALGREENS BOOTS ALLIANCE INC	10,315	$472K	0.0%	$65.16	—	COM	931427108
XLF	SELECT SECTOR SPDR TR	22,610	$471K	0.0%	$22.66	—	SBI INT-FINL	81369Y605
XLI	SELECT SECTOR SPDR TR	7,956	$469K	0.0%	$50.31	—	SBI INT-INDS	81369Y704
SCHO	SCHWAB STRATEGIC TR	8,946	$463K	0.0%	$50.48	—	SHT TM US TRES	808524862
TXN	TEXAS INSTRS INC	4,575	$457K	0.0%	$80.27	+26.6%	COM	882508104
—	LABORATORY CORP AMER HLDGS	3,500	$442K	0.0%	$109.51	—	COM NEW	50540R409
WMT	WALMART INC	3,749	$426K	0.0%	$30.23	+17.0%	COM	931142103
XLB	SELECT SECTOR SPDR TR	9,121	$411K	0.0%	$40.04	—	SBI MATERIALS	81369Y100
MMM	3M CO	2,918	$398K	0.0%	$89.72	+18.1%	COM	88579Y101
ABBV	ABBVIE INC	4,636	$353K	0.0%	$51.24	+31.1%	COM	00287Y109
STIP	ISHARES TR	3,464	$346K	0.0%	$99.88	—	0-5 YR TIPS ETF	46429B747
IWM	ISHARES TR	2,806	$321K	0.0%	$150.91	—	RUSSELL 2000 ETF	464287655
PRF	INVESCO EXCHANGE TRADED FD T	3,360	$311K	0.0%	$112.55	—	FTSE RAFI 1000	46137V613
MAIN	MAIN STR CAP CORP	15,077	$309K	0.0%	$37.46	-0.1%	COM	56035L104
KMI	KINDER MORGAN INC DEL	20,779	$289K	0.0%	$10.99	+21.7%	COM	49456B101
—	WEINGARTEN RLTY INVS	20,000	$289K	0.0%	$1196.10	—	SH BEN INT	948741103
CMI	CUMMINS INC	2,120	$287K	0.0%	$95.04	+41.8%	COM	231021106
—	NOBLE ENERGY INC	47,447	$287K	0.0%	$25.70	—	COM	655044105
XLE	SELECT SECTOR SPDR TR	9,886	$287K	0.0%	$57.57	—	ENERGY	81369Y506
HAL	HALLIBURTON CO	40,737	$279K	0.0%	$33.57	-53.5%	COM	406216101
WES	WESTERN MIDSTREAM PARTNERS L	85,818	$278K	0.0%	$31.25	—	COM UNIT LP INT	958669103
VUG	VANGUARD INDEX FDS	1,707	$267K	0.0%	$156.41	—	GROWTH ETF	922908736
IBM	INTERNATIONAL BUSINESS MACHS	2,318	$257K	0.0%	$99.10	-0.8%	COM	459200101
FNDE	SCHWAB STRATEGIC TR	12,100	$249K	0.0%	$20.58	—	SCHWB FDT EMK LG	808524730
MKL	MARKEL CORP	262	$243K	0.0%	$793.77	+44.1%	COM	570535104
ZTS	ZOETIS INC	2,066	$243K	0.0%	$100.27	+25.0%	CL A	98978V103
AB	ALLIANCEBERNSTEIN HLDG L P	12,735	$237K	0.0%	$26.88	—	UNIT LTD PARTN	01881G106
RNR	RENAISSANCERE HOLDINGS LTD	1,500	$224K	0.0%	$129.14	+37.8%	COM	G7496G103
SHY	ISHARES TR	2,500	$217K	0.0%	$84.40	—	1 3 YR TREAS BD	464287457
VCIT	VANGUARD SCOTTSDALE FDS	2,405	$209K	0.0%	$87.49	—	INT-TERM CORP	92206C870
—	ALPS ETF TR	55,995	$193K	0.0%	$7.68	—	ALERIAN MLP	00162Q866
WY	WEYERHAEUSER CO	10,400	$176K	0.0%	$18.51	+14.4%	COM	962166104
—	GENERAL ELECTRIC CO	20,814	$165K	0.0%	$13669.37	—	COM	369604103
OSG	AMBAC FINL GROUP INC	10,000	$123K	0.0%	$21.85	-12.3%	COM NEW	023139884
—	VANECK VECTORS ETF TR	24,870	$100K	0.0%	$13.27	—	OIL SVCS ETF	92189F718
—	MARATHON OIL CORP	28,076	$92,000	0.0%	$16.91	—	COM	565849106
—	WPX ENERGY INC	26,225	$80,000	0.0%	$15.21	—	COM	98212B103
—	SOUTHWESTERN ENERGY CO	21,282	$36,000	0.0%	$4.43	—	COM	845467109
—	TRANSGLOBE ENERGY CORP	39,480	$14,000	0.0%	$2.44	—	COM	893662106
—	GULFPORT ENERGY CORP	27,708	$12,000	0.0%	$8.81	—	COM NEW	402635304
AR	ANTERO RESOURCES CORP	11,934	$9,000	0.0%	$17.46	-90.4%	COM	03674X106
—	OASIS PETROLEUM INC	23,426	$8,000	0.0%	$10.19	—	COM	674215108
—	DENBURY RES INC	16,401	$3,000	0.0%	$2.75	—	COM NEW	247916208