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
ACTIVISION BLIZZARD INC COM 00507V109 1,642 20,500 SH   DFND 2 20,500 0 0
ACTIVISION BLIZZARD INC COM 00507V109 3,707 46,277 SH   DFND 4 46,277 0 0
ALEXANDER & BALDWIN INC NEW COM 014491104 4,351 187,641 SH   DFND 3 187,641 0 0
ALEXANDER & BALDWIN INC NEW COM 014491104 5,747 247,807 SH   DFND 2 247,807 0 0
ALEXANDER & BALDWIN INC NEW COM 014491104 5,422 233,834 SH   DFND 4 233,834 0 0
ALEXANDERS INC COM 014752109 1,153 4,500 SH   DFND 3 4,500 0 0
AMDOCS LTD SHS G02602103 3,908 47,531 SH   DFND 2 47,531 0 0
AMDOCS LTD SHS G02602103 8,827 107,375 SH   DFND 4 107,375 0 0
AMERICAN TOWER CORP NEW COM 03027X100 1,620 6,448 SH   DFND 2 6,448 0 0
AMERICAN TOWER CORP NEW COM 03027X100 4,522 18,000 SH   DFND 3 18,000 0 0
AMERICAN TOWER CORP NEW COM 03027X100 3,675 14,628 SH   DFND 4 14,628 0 0
AMERICAN TOWER CORP NEW COM 03027X100 7,813 31,100 SH Call DFND 2 31,100 0 0
AMERICAN TOWER CORP NEW COM 03027X100 62,680 249,500 SH   DFND 1 249,500 0 0
AMERICAN TOWER CORP NEW COM 03027X100 7,385 29,400 SH Call DFND 4 29,400 0 0
ARISTA NETWORKS INC COM 040413106 1,488 10,709 SH   DFND 2 10,709 0 0
ARISTA NETWORKS INC COM 040413106 3,334 23,989 SH   DFND 4 23,989 0 0
BRAEMAR HOTELS & RESORTS INC COM 10482B101 113 18,300 SH Call DFND 2 18,300 0 0
BROADCOM INC COM 11135F101 2,404 3,818 SH   DFND 2 3,818 0 0
BROADCOM INC COM 11135F101 5,414 8,598 SH   DFND 4 8,598 0 0
CIENA CORP COM NEW 171779309 3,448 56,866 SH   DFND 4 56,866 0 0
CIENA CORP COM NEW 171779309 1,529 25,215 SH   DFND 2 25,215 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 1,993 576,000 SH   DFND 2 576,000 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 1,889 546,000 SH   DFND 4 546,000 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 65,533 355,000 SH   DFND 1 355,000 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 4,707 25,500 SH   DFND 3 25,500 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 8,339 45,173 SH   DFND 4 45,173 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 5,151 27,900 SH Call DFND 2 27,900 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 4,781 25,900 SH Call DFND 4 25,900 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 5,236 28,362 SH   DFND 2 28,362 0 0
DISNEY WALT CO COM 254687106 1,372 10,000 SH   DFND 2 10,000 0 0
DISNEY WALT CO COM 254687106 3,097 22,581 SH   DFND 4 22,581 0 0
DYCOM INDS INC COM 267475101 3,197 33,563 SH   DFND 4 33,563 0 0
DYCOM INDS INC COM 267475101 1,421 14,916 SH   DFND 2 14,916 0 0
EQUINIX INC COM 29444U700 6,452 8,700 SH   DFND 3 8,700 0 0
EQUINIX INC COM 29444U700 6,885 9,284 SH   DFND 4 9,284 0 0
EQUINIX INC COM 29444U700 5,055 6,817 SH   DFND 2 6,817 0 0
EQUINIX INC COM 29444U700 64,150 86,500 SH   DFND 1 86,500 0 0
EQUINIX INC COM 29444U700 3,263 4,400 SH Call DFND 4 4,400 0 0
EQUINIX INC COM 29444U700 3,411 4,600 SH Call DFND 2 4,600 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 6,730 88,000 SH   DFND 3 88,000 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 7,602 99,400 SH   DFND 4 99,400 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 7,089 92,700 SH   DFND 2 92,700 0 0
ERICSSON ADR B SEK 10 294821608 4,383 479,547 SH   DFND 4 479,547 0 0
ERICSSON ADR B SEK 10 294821608 1,939 212,199 SH   DFND 2 212,199 0 0
EXPEDIA GROUP INC COM NEW 30212P303 3,326 17,000 SH   DFND 2 17,000 0 0
EXPEDIA GROUP INC COM NEW 30212P303 2,955 15,100 SH   DFND 4 15,100 0 0
FOX CORP CL A COM 35137L105 1,499 38,000 SH   DFND 2 38,000 0 0
FOX CORP CL A COM 35137L105 3,387 85,862 SH   DFND 4 85,862 0 0
GDS HLDGS LTD SPONSORED ADS 36165L108 1,394 35,511 SH   DFND 4 35,511 0 0
GDS HLDGS LTD SPONSORED ADS 36165L108 621 15,825 SH   DFND 2 15,825 0 0
GRANITE PT MTG TR INC NOTE 6.375%10/0 38741LAC1 1,000 1,000,000 PRN   DFND 3 1,000,000 0 0
INDUS REALTY TRUST INC COM 45580R103 6,086 83,271 SH   DFND 3 83,271 0 0
INDUS REALTY TRUST INC COM 45580R103 3,677 50,318 SH   DFND 4 50,318 0 0
INDUS REALTY TRUST INC COM 45580R103 6,352 86,902 SH   DFND 2 86,902 0 0
KITE RLTY GROUP TR COM NEW 49803T300 4,565 200,500 SH   DFND 3 200,500 0 0
KITE RLTY GROUP TR COM NEW 49803T300 6,039 265,200 SH   DFND 2 265,200 0 0
KITE RLTY GROUP TR COM NEW 49803T300 5,642 247,800 SH   DFND 4 247,800 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 2,126 18,300 SH   DFND 2 18,300 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 4,787 41,200 SH   DFND 4 41,200 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 2,570 268,017 SH   DFND 4 268,017 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 1,103 115,000 SH   DFND 2 115,000 0 0
LUMENTUM HLDGS INC COM 55024U109 1,629 16,694 SH   DFND 2 16,694 0 0
LUMENTUM HLDGS INC COM 55024U109 3,676 37,667 SH   DFND 4 37,667 0 0
MACOM TECH SOLUTIONS HLDGS I COM 55405Y100 3,034 50,670 SH   DFND 4 50,670 0 0
MACOM TECH SOLUTIONS HLDGS I COM 55405Y100 1,347 22,500 SH   DFND 2 22,500 0 0
MARVELL TECHNOLOGY INC COM 573874104 3,480 48,535 SH   DFND 4 48,535 0 0
MARVELL TECHNOLOGY INC COM 573874104 1,540 21,469 SH   DFND 2 21,469 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 13,352 345,000 SH   DFND 3 345,000 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 10,817 279,500 SH   DFND 4 279,500 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 11,687 302,000 SH   DFND 2 302,000 0 0
ORION OFFICE REIT INC COM 68629Y103 423 30,184 SH   DFND 3 30,184 0 0
ORION OFFICE REIT INC COM 68629Y103 608 43,421 SH   DFND 4 43,421 0 0
ORION OFFICE REIT INC COM 68629Y103 651 46,481 SH   DFND 2 46,481 0 0
PARK HOTELS & RESORTS INC COM 700517105 2,324 119,000 SH   DFND 3 119,000 0 0
PARK HOTELS & RESORTS INC COM 700517105 1,670 85,500 SH   DFND 4 85,500 0 0
PARK HOTELS & RESORTS INC COM 700517105 1,953 100,000 SH   DFND 2 100,000 0 0
PROLOGIS INC. COM 74340W103 807 5,000 SH   DFND 3 5,000 0 0
REXFORD INDL RLTY INC COM 76169C100 8,839 118,500 SH   DFND 3 118,500 0 0
REXFORD INDL RLTY INC COM 76169C100 11,278 151,200 SH   DFND 4 151,200 0 0
REXFORD INDL RLTY INC COM 76169C100 12,319 165,161 SH   DFND 2 165,161 0 0
RPT REALTY 7.25 PFD D CONV 74971D200 3,261 55,000 SH   DFND 3 55,000 0 0
SUN CMNTYS INC COM 866674104 6,731 38,400 SH   DFND 3 38,400 0 0
SUN CMNTYS INC COM 866674104 7,573 43,200 SH   DFND 4 43,200 0 0
SUN CMNTYS INC COM 866674104 8,239 47,000 SH   DFND 2 47,000 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 3,346 284,000 SH   DFND 3 284,000 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 4,153 352,500 SH   DFND 2 352,500 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 3,905 331,500 SH   DFND 4 331,500 0 0
SWITCH INC CL A 87105L104 10,478 340,000 SH   DFND 2 340,000 0 0
SWITCH INC CL A 87105L104 91,218 2,959,700 SH   DFND 1 2,959,700 0 0
SWITCH INC CL A 87105L104 12,647 410,381 SH   DFND 4 410,381 0 0
TERRENO RLTY CORP COM 88146M101 5,850 79,000 SH   DFND 3 79,000 0 0
TERRENO RLTY CORP COM 88146M101 8,020 108,300 SH   DFND 4 108,300 0 0
TERRENO RLTY CORP COM 88146M101 8,568 115,700 SH   DFND 2 115,700 0 0
TPG RE FIN TR INC COM 87266M107 2,590 219,264 SH   DFND 3 219,264 0 0
TPG RE FIN TR INC COM 87266M107 2,893 244,991 SH   DFND 4 244,991 0 0
TPG RE FIN TR INC COM 87266M107 3,128 264,900 SH   DFND 2 264,900 0 0
UNITI GROUP INC COM 91325V108 1,479 107,500 SH   DFND 2 107,500 0 0
UNITI GROUP INC COM 91325V108 3,351 243,538 SH   DFND 4 243,538 0 0
UNITI GROUP INC COM 91325V108 28,502 2,071,378 SH   DFND 1 2,071,378 0 0
VERTIV HOLDINGS CO COM CL A 92537N108 1,630 116,413 SH   DFND 2 116,413 0 0
VERTIV HOLDINGS CO COM CL A 92537N108 3,703 264,510 SH   DFND 4 264,510 0 0
VIAVI SOLUTIONS INC COM 925550105 3,093 192,344 SH   DFND 4 192,344 0 0
VIAVI SOLUTIONS INC COM 925550105 1,376 85,577 SH   DFND 2 85,577 0 0
VICI PPTYS INC COM 925652109 7,684 270,000 SH Call DFND 4 270,000 0 0
VICI PPTYS INC COM 925652109 7,826 275,000 SH Call DFND 2 275,000 0 0
VICOR CORP COM 925815102 645 9,149 SH   DFND 4 9,149 0 0
VICOR CORP COM 925815102 276 3,914 SH   DFND 2 3,914 0 0
VNET GROUP INC SPONSORED ADS A 90138A103 10,727 1,840,000 SH   DFND 1 1,840,000 0 0
VNET GROUP INC SPONSORED ADS A 90138A103 1,807 310,000 SH Call DFND 2 310,000 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 1,912 115,000 SH Call DFND 4 115,000 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 6,100 367,000 SH   DFND 4 367,000 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 2,244 135,000 SH Call DFND 2 135,000 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 6,549 394,000 SH   DFND 2 394,000 0 0
WARNER MUSIC GROUP CORP COM CL A 934550203 1,600 42,278 SH   DFND 2 42,278 0 0
WARNER MUSIC GROUP CORP COM CL A 934550203 3,616 95,532 SH   DFND 4 95,532 0 0
WHITESTONE REIT COM 966084204 3,326 251,000 SH   DFND 3 251,000 0 0
WHITESTONE REIT COM 966084204 3,763 283,970 SH   DFND 2 283,970 0 0
WHITESTONE REIT COM 966084204 3,525 266,000 SH   DFND 4 266,000 0 0