CIK 1279097
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2016-Q1. 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) | 72.81% | 5 |
| Unclassified | 27.19% | 14 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | STWD | STARWOOD PROPERTY TRUST, INC. | Real Estate | 30.12% |
| 2 | BXMT | BLACKSTONE MORTGAGE TRUST, INC. | Real Estate | 29.55% |
| 3 | ARI | Apollo Commercial Real Estate Finance, Inc. | Real Estate | 10.27% |
| 4 | COLONY CAP INC | Unclassified | 9.57% | |
| 5 | HOWARD HUGHES CORPORATION | Unclassified | 2.46% | |
| 6 | AMERICAN CAP MTG INVT CORP COM | Unclassified | 2.39% | |
| 7 | FOREST CITY RLTY TR INC | Unclassified | 2.27% | |
| 8 | TWO HARBORS INVESTMENT CORP | Unclassified | 2.24% | |
| 9 | SPG | SIMON PROPERTY GROUP INC. | Real Estate | 2.14% |
| 10 | COLONY STARWOOD | Unclassified | 1.24% |
5/19 names classified · sector 72.8% of weight · industry 72.8% · mkt cap 72.8%; 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: 72.8% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 72.8% of book weight (5/6 names) · unclassified 27.2%: . 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 | STWDSTARWOOD PPTY TR INC | 1,250,850 | $26M | 30.1% | TRIM −17% |
| 2 | BXMTBLACKSTONE MTG TR INC | 919,000 | $25M | 29.6% | TRIM −9% |
| 3 | ARIAPOLLO COML REAL EST FIN INC | 550,000 | $9M | 10.3% | ADD 9% |
| 4 | COLONY CAP INC | 536,200 | $8M | 9.6% | TRIM −5% |
| 5 | HOWARD HUGHES CORPORATION | 18,500 | $2M | 2.5% | TRIM −3% |
| 6 | AMERICAN CAP MTG INVT CORP COM | 130,000 | $2M | 2.4% | TRIM −48% |
| 7 | FOREST CITY RLTY TR INC | 87,500 | $2M | 2.3% | TRIM −22% |
| 8 | TWO HARBORS INVESTMENT CORP | 225,000 | $2M | 2.2% | TRIM −57% |
| 9 | SPGSIMON PPTY GROUP INC NEW | 8,500 | $2M | 2.1% | ADD 44% |
| 10 | COLONY STARWOOD | 35,000 | $1M | 1.2% | TRIM −58% |
| 11 | CYRUSONE INC | 16,400 | $913,000 | 1.1% | ADD 264% |
| 12 | PHYSICIANS RLTY TR | 43,000 | $903,000 | 1.0% | NEW |
| 13 | HUDSON PAC PPTYS INC | 30,000 | $875,000 | 1.0% | NEW |
| 14 | PENNSYLVANIA REAL ESTATE INV | 40,000 | $858,000 | 1.0% | NEW |
| 15 | WP GLIMCHER IN | 70,000 | $783,000 | 0.9% | NEW |
| 16 | EQUITY ONE COM | 20,000 | $644,000 | 0.7% | HOLD |
| 17 | EQREQUITY RESIDENTIAL | 9,000 | $620,000 | 0.7% | NEW |
| 18 | INTERXION HOLDING N.V | 14,750 | $544,000 | 0.6% | NEW |
| 19 | SL GREEN RLTY CORP | 5,000 | $532,000 | 0.6% | HOLD |
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