The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABAXIS INC COM 002567105 4,249 51,192 SH   SOLE   51,192 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 74,230 1,200,363 SH   SOLE   1,200,363 0 0
AIR PRODS & CHEMS INC COM 009158106 17,070 109,614 SH   SOLE   109,614 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 23,309 184,741 SH   SOLE   184,741 0 0
ALIGN TECHNOLOGY INC COM 016255101 10,484 30,643 SH   SOLE   30,643 0 0
ALLEGHANY CORP DEL COM 017175100 7,207 12,535 SH   SOLE   12,535 0 0
ALLEGION PUB LTD CO ORD SHS G0176J109 47,313 611,596 SH   SOLE   611,596 0 0
ALPHABET INC CAP STK CL A 02079K305 17,602 15,588 SH   SOLE   15,588 0 0
ALTABA INC COM 021346101 23,677 323,418 SH   SOLE   323,418 0 0
ALTAIR ENGR INC COM CL A 021369103 9,979 291,964 SH   SOLE   291,964 0 0
AMAZON COM INC COM 023135106 7,904 4,650 SH   SOLE   4,650 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 30,618 714,044 SH   SOLE   714,044 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 77,180 3,479,713 SH   SOLE   3,479,713 0 0
AMERICAN TOWER CORP NEW COM 03027X100 51,613 358,002 SH   SOLE   358,002 0 0
AMETEK INC NEW COM 031100100 6,889 95,465 SH   SOLE   95,465 0 0
ANSYS INC COM 03662Q105 23,444 134,595 SH   SOLE   134,595 0 0
AON PLC SHS CL A G0408V102 7,957 58,010 SH   SOLE   58,010 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 25,882 611,859 SH   SOLE   611,859 0 0
ARCH CAP GROUP LTD ORD G0450A105 10,278 388,446 SH   SOLE   388,446 0 0
AVALONBAY CMNTYS INC COM 053484101 17,291 100,595 SH   SOLE   100,595 0 0
BALL CORP COM 058498106 16,808 472,806 SH   SOLE   472,806 0 0
BEMIS INC COM 081437105 21,424 507,549 SH   SOLE   507,549 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 7,873 42,183 SH   SOLE   42,183 0 0
BLACK KNIGHT INC COM 09215C105 10,887 203,307 SH   SOLE   203,307 0 0
BLACKBAUD INC COM 09227Q100 21,473 209,596 SH   SOLE   209,596 0 0
CANADIAN PAC RY LTD COM 13645T100 10,038 54,844 SH   SOLE   54,844 0 0
CARMAX INC COM 143130102 25,853 354,776 SH   SOLE   354,776 0 0
CERNER CORP COM 156782104 22,288 372,772 SH   SOLE   372,772 0 0
CHOICE HOTELS INTL INC COM 169905106 112,210 1,484,261 SH   SOLE   1,484,261 0 0
CHURCH & DWIGHT INC COM 171340102 23,817 448,031 SH   SOLE   448,031 0 0
COCA COLA CO COM 191216100 28,670 653,682 SH   SOLE   653,682 0 0
COCA COLA EUROPEAN PARTNERS SHS G25839104 7,027 172,916 SH   SOLE   172,916 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 30,720 388,914 SH   SOLE   388,914 0 0
COLGATE PALMOLIVE CO COM 194162103 6,722 103,724 SH   SOLE   103,724 0 0
COPART INC COM 217204106 13,451 237,817 SH   SOLE   237,817 0 0
COSTAR GROUP INC COM 22160N109 10,245 24,829 SH   SOLE   24,829 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 93,438 866,607 SH   SOLE   866,607 0 0
CROWN HOLDINGS INC COM 228368106 21,910 489,507 SH   SOLE   489,507 0 0
CUBESMART COM 229663109 7,366 228,616 SH   SOLE   228,616 0 0
D R HORTON INC COM 23331A109 46,117 1,124,815 SH   SOLE   1,124,815 0 0
DANAHER CORP DEL COM 235851102 13,183 133,596 SH   SOLE   133,596 0 0
DESCARTES SYS GROUP INC COM 249906108 20,421 628,337 SH   SOLE   628,337 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 17,490 1,424,296 SH   SOLE   1,424,296 0 0
DUN & BRADSTREET CORP DEL NE COM 26483E100 27,599 225,023 SH   SOLE   225,023 0 0
ENSCO PLC SHS CLASS A G3157S106 8,261 1,137,844 SH   SOLE   1,137,844 0 0
EQUIFAX INC COM 294429105 8,961 71,628 SH   SOLE   71,628 0 0
EQUINIX INC COM PAR $0.001 29444U700 64,981 151,158 SH   SOLE   151,158 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 8,240 129,370 SH   SOLE   129,370 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107 22,464 1,659,097 SH   SOLE   1,659,097 0 0
ESSEX PPTY TR INC COM 297178105 9,989 41,781 SH   SOLE   41,781 0 0
EVEREST RE GROUP LTD COM G3223R108 12,813 55,592 SH   SOLE   55,592 0 0
EVO PMTS INC CL A COM 26927E104 7,332 356,270 SH   SOLE   356,270 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 44,171 2,044,027 SH   SOLE   2,044,027 0 0
FACTSET RESH SYS INC COM 303075105 35,736 180,392 SH   SOLE   180,392 0 0
FASTENAL CO COM 311900104 5,696 118,339 SH   SOLE   118,339 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 30,952 244,586 SH   SOLE   244,586 0 0
FEDEX CORP COM 31428X106 24,024 105,806 SH   SOLE   105,806 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 7,391 69,708 SH   SOLE   69,708 0 0
FISERV INC COM 337738108 11,369 153,445 SH   SOLE   153,445 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105 80,498 382,139 SH   SOLE   382,139 0 0
FORTIVE CORP COM 34959J108 37,668 488,496 SH   SOLE   488,496 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 1,856 75,352 SH   SOLE   75,352 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 22,994 642,287 SH   SOLE   642,287 0 0
GARTNER INC COM 366651107 4,065 30,588 SH   SOLE   30,588 0 0
GLOBAL PMTS INC COM 37940X102 59,425 533,011 SH   SOLE   533,011 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 17,093 77,494 SH   SOLE   77,494 0 0
GRACE W R & CO DEL NEW COM 38388F108 95,110 1,297,365 SH   SOLE   1,297,365 0 0
HCP INC COM 40414L109 25,850 1,001,164 SH   SOLE   1,001,164 0 0
HEALTHCARE SVCS GRP INC COM 421906108 6,930 160,459 SH   SOLE   160,459 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 38,346 1,422,335 SH   SOLE   1,422,335 0 0
HENRY JACK & ASSOC INC COM 426281101 12,012 92,148 SH   SOLE   92,148 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 31,556 398,639 SH   SOLE   398,639 0 0
HONEYWELL INTL INC COM 438516106 7,990 55,464 SH   SOLE   55,464 0 0
HOST HOTELS & RESORTS INC COM 44107P104 16,589 787,319 SH   SOLE   787,319 0 0
HUNT J B TRANS SVCS INC COM 445658107 22,002 181,011 SH   SOLE   181,011 0 0
HYATT HOTELS CORP COM CL A 448579102 42,860 555,547 SH   SOLE   555,547 0 0
IHS MARKIT LTD SHS G47567105 33,462 648,619 SH   SOLE   648,619 0 0
ILLINOIS TOOL WKS INC COM 452308109 24,831 179,234 SH   SOLE   179,234 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 19,497 157,286 SH   SOLE   157,286 0 0
INTERXION HOLDING N.V SHS N47279109 151,059 2,420,040 SH   SOLE   2,420,040 0 0
INTUIT COM 461202103 13,052 63,887 SH   SOLE   63,887 0 0
INVESCO LTD SHS G491BT108 18,917 712,253 SH   SOLE   712,253 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 9,993 146,283 SH   SOLE   146,283 0 0
LAUDER ESTEE COS INC CL A 518439104 5,759 40,360 SH   SOLE   40,360 0 0
LENNOX INTL INC COM 526107107 6,346 31,706 SH   SOLE   31,706 0 0
LIBERTY PPTY TR SH BEN INT 531172104 26,921 607,286 SH   SOLE   607,286 0 0
LIBERTY TRIPADVISOR HLDGS IN COM SER A 531465102 8,909 553,327 SH   SOLE   553,327 0 0
LKQ CORP COM 501889208 27,659 867,055 SH   SOLE   867,055 0 0
LOWES COS INC COM 548661107 9,819 102,744 SH   SOLE   102,744 0 0
MACERICH CO COM 554382101 10,043 176,716 SH   SOLE   176,716 0 0
MARRIOTT INTL INC NEW CL A 571903202 10,401 82,154 SH   SOLE   82,154 0 0
MARSH & MCLENNAN COS INC COM 571748102 42,521 518,737 SH   SOLE   518,737 0 0
MASTERCARD INCORPORATED CL A 57636Q104 60,872 309,752 SH   SOLE   309,752 0 0
MEDIDATA SOLUTIONS INC COM 58471A105 42,878 532,253 SH   SOLE   532,253 0 0
MERITAGE HOMES CORP COM 59001A102 57,544 1,309,315 SH   SOLE   1,309,315 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 19,363 635,696 SH   SOLE   635,696 0 0
MICROSOFT CORP COM 594918104 20,256 205,417 SH   SOLE   205,417 0 0
MICROSTRATEGY INC CL A NEW 594972408 12,150 95,105 SH   SOLE   95,105 0 0
MIDDLEBY CORP COM 596278101 37,093 355,225 SH   SOLE   355,225 0 0
MONDELEZ INTL INC CL A 609207105 36,925 900,606 SH   SOLE   900,606 0 0
MONSTER BEVERAGE CORP NEW COM 61174X109 36,351 634,406 SH   SOLE   634,406 0 0
MOODYS CORP COM 615369105 33,731 197,764 SH   SOLE   197,764 0 0
MSCI INC COM 55354G100 13,437 81,222 SH   SOLE   81,222 0 0
O REILLY AUTOMOTIVE INC NEW COM 67103H107 19,060 69,672 SH   SOLE   69,672 0 0
OLD DOMINION FGHT LINES INC COM 679580100 7,537 50,599 SH   SOLE   50,599 0 0
OUTFRONT MEDIA INC COM 69007J106 41,598 2,138,729 SH   SOLE   2,138,729 0 0
PAGSEGURO DIGITAL LTD COM CL A G68707101 30,208 1,088,563 SH   SOLE   1,088,563 0 0
PARK HOTELS RESORTS INC COM 700517105 6,137 200,373 SH   SOLE   200,373 0 0
PAYCHEX INC COM 704326107 11,240 164,449 SH   SOLE   164,449 0 0
PAYCOM SOFTWARE INC COM 70432V102 19,399 196,286 SH   SOLE   196,286 0 0
PAYLOCITY HLDG CORP COM 70438V106 39,163 665,358 SH   SOLE   665,358 0 0
PAYPAL HLDGS INC COM 70450Y103 51,787 621,919 SH   SOLE   621,919 0 0
PEPSICO INC COM 713448108 9,211 84,605 SH   SOLE   84,605 0 0
PERKINELMER INC COM 714046109 65,972 900,892 SH   SOLE   900,892 0 0
PRAXAIR INC COM 74005P104 32,086 202,882 SH   SOLE   202,882 0 0
PROCTER AND GAMBLE CO COM 742718109 9,662 123,780 SH   SOLE   123,780 0 0
PROLOGIS INC COM 74340W103 16,238 247,195 SH   SOLE   247,195 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 2,536 19,736 SH   SOLE   19,736 0 0
QUALITY CARE PPTYS INC COM 747545101 6,701 311,520 SH   SOLE   311,520 0 0
REALPAGE INC COM 75606N109 41,711 756,997 SH   SOLE   756,997 0 0
REGENCY CTRS CORP COM 758849103 24,544 395,359 SH   SOLE   395,359 0 0
ROPER TECHNOLOGIES INC COM 776696106 7,147 25,903 SH   SOLE   25,903 0 0
S&P GLOBAL INC COM 78409V104 30,679 150,470 SH   SOLE   150,470 0 0
SABRE CORP COM 78573M104 11,758 477,183 SH   SOLE   477,183 0 0
SALESFORCE COM INC COM 79466L302 46,771 342,896 SH   SOLE   342,896 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 6,975 42,244 SH   SOLE   42,244 0 0
SENSIENT TECHNOLOGIES CORP COM 81725T100 7,282 101,771 SH   SOLE   101,771 0 0
SERVICEMASTER GLOBAL HLDGS I COM 81761R109 8,725 146,710 SH   SOLE   146,710 0 0
SERVICENOW INC COM 81762P102 10,739 62,268 SH   SOLE   62,268 0 0
SMITH A O COM 831865209 27,676 467,902 SH   SOLE   467,902 0 0
SMUCKER J M CO COM NEW 832696405 14,269 132,757 SH   SOLE   132,757 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 4,630 17,066 SH   SOLE   17,066 0 0
SPIRIT MTA REIT COM SHS BEN IN 84861U105 5,656 549,089 SH   SOLE   549,089 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 39,229 4,885,348 SH   SOLE   4,885,348 0 0
SPS COMM INC COM 78463M107 27,032 367,876 SH   SOLE   367,876 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 32,842 632,789 SH   SOLE   632,789 0 0
STERIS PLC SHS USD G84720104 9,345 88,991 SH   SOLE   88,991 0 0
SUN CMNTYS INC COM 866674104 32,593 332,988 SH   SOLE   332,988 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 7,705 463,613 SH   SOLE   463,613 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 20,099 855,637 SH   SOLE   855,637 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 70,076 338,302 SH   SOLE   338,302 0 0
TOTAL SYS SVCS INC COM 891906109 18,888 223,478 SH   SOLE   223,478 0 0
TRANSUNION COM 89400J107 13,431 187,478 SH   SOLE   187,478 0 0
TRIPADVISOR INC COM 896945201 20,768 372,782 SH   SOLE   372,782 0 0
TYLER TECHNOLOGIES INC COM 902252105 8,894 40,047 SH   SOLE   40,047 0 0
UDR INC COM 902653104 14,171 377,502 SH   SOLE   377,502 0 0
ULTIMATE SOFTWARE GROUP INC COM 90385D107 19,964 77,587 SH   SOLE   77,587 0 0
UNITED PARCEL SERVICE INC CL B 911312106 15,707 147,856 SH   SOLE   147,856 0 0
VERISK ANALYTICS INC COM 92345Y106 12,892 119,769 SH   SOLE   119,769 0 0
VICI PPTYS INC COM 925652109 39,144 1,896,497 SH   SOLE   1,896,497 0 0
VICTORY CAP HLDGS INC COM CL A 92645B103 1,786 168,778 SH   SOLE   168,778 0 0
VISA INC COM CL A 92826C839 53,865 406,681 SH   SOLE   406,681 0 0
WASTE CONNECTIONS INC COM 94106B101 64,092 851,376 SH   SOLE   851,376 0 0
WASTE MGMT INC DEL COM 94106L109 50,763 624,082 SH   SOLE   624,082 0 0
WATERS CORP COM 941848103 10,777 55,667 SH   SOLE   55,667 0 0
WATSCO INC COM 942622200 63,718 357,403 SH   SOLE   357,403 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 3,423 111,108 SH   SOLE   111,108 0 0
WEX INC COM 96208T104 38,445 201,831 SH   SOLE   201,831 0 0
WORKDAY INC CL A 98138H101 36,180 298,709 SH   SOLE   298,709 0 0
WORLDPAY INC CL A 981558109 9,593 117,304 SH   SOLE   117,304 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 16,866 286,686 SH   SOLE   286,686 0 0
ZOETIS INC CL A 98978V103 12,144 142,555 SH   SOLE   142,555 0 0