CIK 1067926
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Equity Real Estate Investment Trusts (REITs) | 94.59% | 38 |
| Health Care Providers & Services | 3.26% | 1 |
| Real Estate Management & Development | 2.07% | 2 |
| Hotels, Restaurants & Leisure | 0.08% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | WELL | WELLTOWER INC. | Real Estate | 13.91% |
| 2 | PLD | Prologis, Inc. | Real Estate | 11.95% |
| 3 | EQIX | EQUINIX INC | Real Estate | 8.79% |
| 4 | DLR | DIGITAL REALTY TRUST, INC. | Real Estate | 5.89% |
| 5 | SPG | SIMON PROPERTY GROUP INC. | Real Estate | 5.73% |
| 6 | O | REALTY INCOME CORP | Real Estate | 4.99% |
| 7 | AVB | AVALONBAY COMMUNITIES INC | Real Estate | 3.63% |
| 8 | EQR | EQUITY RESIDENTIAL | Real Estate | 3.62% |
| 9 | VTR | Ventas, Inc. | Real Estate | 3.45% |
| 10 | BKD | Brookdale Senior Living Inc. | Health Care | 3.26% |
42/42 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 99.5%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 93.4% of book weight (36/42 names) · unclassified 6.6%: BKD, ARE, MRP, MAC, JAN, SLG. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | WELLWELLTOWER INC | 1,029,079 | $203M | 13.9% | ADD 2% |
| 2 | PLDPROLOGIS INC. | 1,321,965 | $175M | 11.9% | HOLD |
| 3 | EQIXEQUINIX INC | 131,207 | $129M | 8.8% | ADD 3% |
| 4 | DLRDIGITAL RLTY TR INC | 478,296 | $86M | 5.9% | HOLD |
| 5 | SPGSIMON PPTY GROUP INC NEW | 449,333 | $84M | 5.7% | TRIM −7% |
| 6 | OREALTY INCOME CORP | 1,193,546 | $73M | 5.0% | HOLD |
| 7 | AVBAVALONBAY CMNTYS INC | 325,177 | $53M | 3.6% | ADD 2% |
| 8 | EQREQUITY RESIDENTIAL | 894,206 | $53M | 3.6% | ADD 5% |
| 9 | VTRVENTAS INC | 616,206 | $50M | 3.4% | TRIM −11% |
| 10 | BKDBROOKDALE SR LIVING INC | 1,027,392 | $48M | 3.3% | TRIM −6% |
| 11 | KIMKIMCO RLTY CORP | 1,906,033 | $43M | 2.9% | TRIM −4% |
| 12 | IRMIRON MTN INC DEL | 356,934 | $36M | 2.5% | ADD 5% |
| 13 | BRXBRIXMOR PPTY GROUP INC | 1,257,485 | $36M | 2.5% | HOLD |
| 14 | ELSEQUITY LIFESTYLE PPTYS INC | 553,063 | $35M | 2.4% | TRIM −5% |
| 15 | VICIVICI PPTYS INC | 1,235,626 | $34M | 2.3% | TRIM −17% |
| 16 | ADCAGREE RLTY CORP | 440,181 | $33M | 2.3% | HOLD |
| 17 | FRFIRST INDL RLTY TR INC | 544,609 | $32M | 2.2% | ADD 15% |
| 18 | AMHAMERICAN HOMES 4 RENT | 903,999 | $25M | 1.7% | TRIM −30% |
| 19 | VNOVORNADO RLTY TR | 798,184 | $21M | 1.4% | ADD 23% |
| 20 | RHPRYMAN HOSPITALITY PPTYS INC | 218,849 | $20M | 1.4% | ADD 19% |
| 21 | EPRTESSENTIAL PPTYS RLTY TR INC | 650,129 | $20M | 1.3% | ADD 58% |
| 22 | MAAMID-AMER APT CMNTYS INC | 156,165 | $19M | 1.3% | ADD 35% |
| 23 | CBRECBRE GROUP INC | 132,094 | $18M | 1.2% | ADD 21% |
| 24 | AREALEXANDRIA REAL ESTATE EQ IN | 357,450 | $17M | 1.1% | TRIM −10% |
| 25 | CTRECareTrust REIT, Inc. | 352,462 | $13M | 0.9% | TRIM −10% |
| 26 | MRPMILLROSE PPTYS INC | 443,990 | $12M | 0.9% | ADD 101% |
| 27 | PSAPUBLIC STORAGE OPER CO | 265,447 | $11M | 0.8% | ADD 10% |
| 28 | IVTINVENTRUST PPTYS CORP | 330,036 | $10M | 0.7% | HOLD |
| 29 | AMTAMERICAN TOWER CORP | 54,289 | $9M | 0.6% | TRIM −4% |
| 30 | EGPEASTGROUP PPTYS INC | 47,333 | $9M | 0.6% | TRIM −30% |
| 31 | MACMACERICH CO | 430,485 | $8M | 0.6% | NEW |
| 32 | COLDAMERICOLD REALTY TRUST INC | 670,972 | $8M | 0.5% | HOLD |
| 33 | JANJANUS LIVING INC | 309,963 | $7M | 0.5% | NEW |
| 34 | LAMRLAMAR ADVERTISING CO | 52,290 | $7M | 0.5% | ADD 7% |
| 35 | SUISUN CMNTYS INC | 32,940 | $4M | 0.3% | NEW |
| 36 | CSRCENTERSPACE | 72,201 | $4M | 0.3% | HOLD |
| 37 | BXPBXP INC | 78,363 | $4M | 0.3% | ADD 4% |
| 38 | EXREXTRA SPACE STORAGE INC | 196,160 | $4M | 0.3% | TRIM −11% |
| 39 | SLGSL GREEN RLTY CORP | 104,960 | $4M | 0.3% | ADD 8% |
| 40 | CCICROWN CASTLE INC | 38,976 | $3M | 0.2% | TRIM −5% |
| 41 | RYNRAYONIER INC | 78,915 | $2M | 0.1% | NEW |
| 42 | HLTHILTON WORLDWIDE HLDGS INC | 60,851 | $1M | 0.1% | TRIM −10% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| WELLWELLTOWER INC | 1.2M | 964K | 982K | 979K | 1.0M | 1.0M | $203M |
| PLDPROLOGIS INC. | 1.4M | 1.2M | 1.2M | 1.3M | 1.3M | 1.3M | $175M |
| EQIXEQUINIX INC | 151K | 143K | 140K | 125K | 128K | 131K | $129M |
| DLRDIGITAL RLTY TR INC | 508K | 427K | 407K | 463K | 476K | 478K | $86M |
| SPGSIMON PPTY GROUP INC NEW | 536K | 386K | 368K | 449K | 483K | 449K | $84M |
| OREALTY INCOME CORP | 58K | 861K | 1.1M | 1.1M | 1.2M | 1.2M | $73M |
| AVBAVALONBAY CMNTYS INC | 400K | 345K | 342K | 340K | 318K | 325K | $53M |
| EQREQUITY RESIDENTIAL | 1.1M | 930K | 780K | 878K | 855K | 894K | $53M |
| VTRVENTAS INC | 523K | 489K | 613K | 662K | 695K | 616K | $50M |
| BKDBROOKDALE SR LIVING INC | 1.6M | 1.5M | 1.1M | 1.0M | 1.1M | 1.0M | $48M |
| KIMKIMCO RLTY CORP | 2.3M | 2.2M | 2.1M | 2.0M | 2.0M | 1.9M | $43M |
| IRMIRON MTN INC DEL | 446K | 390K | 403K | 386K | 339K | 357K | $36M |
| BRXBRIXMOR PPTY GROUP INC | 606K | — | — | 1.1M | 1.3M | 1.3M | $36M |
| ELSEQUITY LIFESTYLE PPTYS INC | 429K | 635K | 674K | 634K | 580K | 553K | $35M |
| VICIVICI PPTYS INC | 148K | 1.4M | 1.6M | 1.5M | 1.5M | 1.2M | $34M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
