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Institutional Investment Manager
La Francaise Forum Securities Ltd
La Francaise Forum Securities Ltd (CIK: 0001485921) incorporated in Connecticut, located at 1700 East Putnam Avenue, Old Greenwich, CT. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q1)
Portfolio Summary: 54 holdings with a total value of $198,577,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 SIMON PROPERTY GROUP 131,839 21,622,000 10.89%
2 BOSTON PROPERTIES 97,274 11,141,000 5.61%
3 PROLOGIS INC 255,313 10,424,000 5.25%
4 AVALONBAY COMM 60,246 7,911,000 3.98%
5 HCP INC 181,204 7,029,000 3.54%
6 MACK CALI RLTY CORP 328,984 6,840,000 3.44%
7 ESSEX PPTY TR INC 39,137 6,656,000 3.35%
8 STAG INDL INC 273,668 6,596,000 3.32%
9 GENERAL GROWTH PPTYS INC NEW 293,014 6,447,000 3.25%
10 DIGITAL RLTY TR INC 120,014 6,370,000 3.21%
11 MACERICH CO 101,518 6,329,000 3.19%
12 EXTRA SPACE STORAGE INC 115,920 5,623,000 2.83%
13 Terreno Realty Corp 287,005 5,427,000 2.73%
14 SL GREEN REALTY CORP 51,389 5,171,000 2.60%
15 VENTAS INC 83,386 5,051,000 2.54%
16 PUBLIC STORAGE 29,536 4,976,000 2.51%
17 KILROY RLTY CORP COM 81,986 4,803,000 2.42%
18 GLIMCHER RLTY TR 442,093 4,434,000 2.23%
19 DDR Corp 255,545 4,211,000 2.12%
20 STRATEGIC HOTELS & RESORTS I 402,548 4,102,000 2.07%
21 QTS RLTY TR INC 162,616 4,080,000 2.05%
22 SABRA HEALTH CARE REIT INC 25,746 4,018,000 2.02%
23 RETAIL OPPORTUNITY INVTS CORP COM 264,026 3,944,000 1.99%
24 CUBESMART 218,100 3,742,000 1.88%
25 VORNADO RLTY TR 34,785 3,428,000 1.73%
26 KIMCO REALTY 147,647 3,231,000 1.63%
27 EQUITY RESIDENT 54,800 3,177,000 1.60%
28 HOST HOTELS & RESORTS INC COM 156,883 3,175,000 1.60%
29 SUNSTONE HOTEL INVESTORS REIT 214,222 2,941,000 1.48%
30 EQUITY ONE INC 129,276 2,888,000 1.45%
31 STARWOOD HOTELS & RESORTS WLDWDE ORD 47,548 2,871,000 1.45%
32 ALEX REAL ESTATE EQ 34,971 2,538,000 1.28%
33 HUDSON PAC PPTYS INC 97,700 2,254,000 1.14%
34 AVIV REIT INC 86,629 2,118,000 1.07%
35 CORPORATE OFFICE 77,000 2,052,000 1.03%
36 UDR INC 67,400 1,741,000 0.88%
37 HILTON WORLDWIDE HLDGS INC 55,000 1,223,000 0.62%
38 STARWOOD PPTY TR INC 44,913 1,060,000 0.53%
39 APOLLO COML REAL EST FIN INC 54,198 901,000 0.45%
40 EPR PPTYS COM SH BEN INT 16,388 875,000 0.44%
41 EXTENDED STAY AMER INC 35,690 812,000 0.41%
42 CAMPUS CREST CMNTYS INC 93,486 811,000 0.41%
43 OMEGA HEALTHCARE INVS INC 23,106 775,000 0.39%
44 LTC PPTYS INC COM 18,940 712,000 0.36%
45 SPIRIT RLTY CAP INC NEW 58,559 642,000 0.32%
46 TAUBMAN CENTERS 5,374 380,000 0.19%
47 WASHINGTON REAL ESTATE INVT 13,122 314,000 0.16%
48 CHATHAM LODGING 15,437 312,000 0.16%
49 STARWOOD WAYPOINT RESIDENTIAL 6,464 186,000 0.09%
50 ANNALY CAPITAL MANAGEMENT INC COM 9,045 99,000 0.05%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001062993-14-002972, filed 2014.05.15).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.