CIK 1177018
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2021-Q3. 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 |
|---|---|---|
| Unclassified | 50.37% | 19 |
| Equity Real Estate Investment Trusts (REITs) | 43.19% | 15 |
| Real Estate Management & Development | 4.62% | 2 |
| Construction & Engineering | 1.82% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | KENNEDY-WILSON HOLDINGS INC | Unclassified | 5.48% | |
| 2 | BDN | BRANDYWINE REALTY TRUST | Real Estate | 5.32% |
| 3 | HEALTHCARE TR AMER INC | Unclassified | 5.29% | |
| 4 | BRX | Brixmor Property Group Inc. | Real Estate | 4.83% |
| 5 | APARTMENT INCOME REIT CORP | Unclassified | 4.50% | |
| 6 | UMH | UMH PROPERTIES, INC. | Real Estate | 4.33% |
| 7 | STAG | STAG Industrial, Inc. | Real Estate | 4.33% |
| 8 | DOC | HEALTHPEAK PROPERTIES, INC. | Real Estate | 4.20% |
| 9 | CATCHMARK TIMBER TR INC | Unclassified | 4.08% | |
| 10 | SPIRIT REALTY | Unclassified | 3.87% |
18/37 names classified · sector 49.6% of weight · industry 49.6% · mkt cap 49.6%; 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: 49.6% of the book is sector-classified (unclassified names shown, never dropped).
Only 36% of book weight classified — the grid is NOT representative of the whole book.
Classified: 36.2% of book weight (15/21 names) · unclassified 63.8%: , BDN, STAG, REG, BSRTF, XLRE. 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 | KENNEDY-WILSON HOLDINGS INC | 382,300 | $9M | 5.5% | TRIM −7% |
| 2 | BDNBRANDYWINE RLTY TR | 659,700 | $9M | 5.3% | HOLD |
| 3 | HEALTHCARE TR AMER INC | 263,900 | $9M | 5.3% | TRIM −19% |
| 4 | BRXBRIXMOR PPTY GROUP INC | 316,700 | $8M | 4.8% | HOLD |
| 5 | APARTMENT INCOME REIT CORP | 137,000 | $7M | 4.5% | TRIM −8% |
| 6 | UMHUMH PPTYS INC | 263,800 | $7M | 4.3% | TRIM −6% |
| 7 | STAGSTAG INDL INC | 150,300 | $7M | 4.3% | TRIM −2% |
| 8 | DOCHEALTHPEAK PROPERTIES INC | 193,900 | $7M | 4.2% | TRIM −5% |
| 9 | CATCHMARK TIMBER TR INC | 779,400 | $7M | 4.1% | ADD 24% |
| 10 | SPIRIT REALTY | 133,800 | $6M | 3.9% | ADD 8% |
| 11 | REGREGENCY CTRS CORP | 83,000 | $6M | 3.8% | TRIM −12% |
| 12 | AMERICAN CAMPUS CMNTYS INC | 108,600 | $6M | 3.7% | ADD 42% |
| 13 | UEURBAN EDGE PPTYS | 260,700 | $5M | 3.0% | ADD 6% |
| 14 | PECOPHILLIPS EDISON & CO INC | 149,282 | $5M | 3.0% | HOLD |
| 15 | ALEXANDER & BALDWIN INC NEW | 182,636 | $5M | 2.8% | HOLD |
| 16 | VNOVORNADO RLTY TR | 102,700 | $4M | 2.6% | HOLD |
| 17 | ALXALEXANDERS INC | 14,676 | $4M | 2.3% | HOLD |
| 18 | IRTINDEPENDENCE RLTY TR INC | 146,400 | $4M | 2.3% | TRIM −27% |
| 19 | BSRTFBSR Reit | 209,200 | $4M | 2.2% | HOLD |
| 20 | CITY OFFICE REIT INC | 187,010 | $4M | 2.2% | TRIM −21% |
| 21 | HERSHA HOSPITALITY TR | 398,228 | $4M | 2.2% | HOLD |
| 22 | MACK CALI RLTY CORP | 198,000 | $4M | 2.2% | HOLD |
| 23 | RHPRYMAN HOSPITALITY PPTYS INC | 38,900 | $4M | 2.1% | TRIM −7% |
| 24 | HOWARD HUGHES CORPORATION | 34,690 | $4M | 2.1% | TRIM −17% |
| 25 | RPT REALTY | 58,085 | $3M | 2.1% | HOLD |
| 26 | DIGITALBRIDGE GROUP INC | 368,200 | $3M | 1.8% | TRIM −28% |
| 27 | XLRESELECT SECTOR SPDR TR | 59,000 | $3M | 1.8% | TRIM −9% |
| 28 | CCSCENTURY CMNTYS INC | 37,100 | $3M | 1.8% | TRIM −16% |
| 29 | AVBAVALONBAY CMNTYS INC | 11,870 | $3M | 1.8% | TRIM −16% |
| 30 | ISTAR INC | 113,600 | $3M | 1.8% | TRIM −8% |
| 31 | STWDSTARWOOD PPTY TR INC | 113,700 | $3M | 1.7% | NEW |
| 32 | FORFORESTAR GROUP INC | 125,902 | $3M | 1.6% | TRIM −18% |
| 33 | RLJ LODGING TR | 57,300 | $2M | 1.0% | HOLD |
| 34 | LXP INDUSTRIAL TRUST | 20,174 | $1M | 0.8% | TRIM −6% |
| 35 | IVTINVENTRUST PPTYS CORP | 30,800 | $840,000 | 0.5% | NEW |
| 36 | PHYSICIANS RLTY TR | 42,300 | $797,000 | 0.5% | ADD 26% |
| 37 | CUZCOUSINS PPTYS INC | 8,400 | $338,000 | 0.2% | ADD 11% |
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