CIK 1379495
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2016-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 |
|---|---|---|
| Equity Real Estate Investment Trusts (REITs) | 64.10% | 22 |
| Unclassified | 34.14% | 14 |
| Construction & Engineering | 1.46% | 1 |
| Hotels, Restaurants & Leisure | 0.30% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SPG | SIMON PROPERTY GROUP INC. | Real Estate | 6.63% |
| 2 | PLD | Prologis, Inc. | Real Estate | 6.17% |
| 3 | MAA | MID AMERICA APARTMENT COMMUNITIES INC. | Real Estate | 5.33% |
| 4 | EXR | Extra Space Storage Inc. | Real Estate | 4.94% |
| 5 | MAC | MACERICH CO | Real Estate | 4.87% |
| 6 | BXP | BXP, Inc. | Real Estate | 4.83% |
| 7 | VTR | Ventas, Inc. | Real Estate | 4.75% |
| 8 | WELL | WELLTOWER INC. | Real Estate | 4.71% |
| 9 | AMERICAN CAMPUS CMNTYS INC | Unclassified | 4.60% | |
| 10 | DUKE REALTY CORP | Unclassified | 3.56% |
24/38 names classified · sector 65.9% of weight · industry 65.9% · mkt cap 65.9%; 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: 65.9% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 57.0% of book weight (20/25 names) · unclassified 43.0%: , MAC, REG, SKT, BDN. 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 | SPGSIMON PPTY GROUP INC NEW | 109,780 | $20M | 6.6% | TRIM −15% |
| 2 | PLDPROLOGIS INC. | 344,027 | $18M | 6.2% | TRIM −12% |
| 3 | MAAMID-AMER APT CMNTYS INC | 160,155 | $16M | 5.3% | ADD 61% |
| 4 | EXREXTRA SPACE STORAGE INC | 188,124 | $15M | 4.9% | NEW |
| 5 | MACMACERICH CO | 202,352 | $14M | 4.9% | ADD 19% |
| 6 | BXPBXP INC | 112,998 | $14M | 4.8% | ADD 4% |
| 7 | VTRVENTAS INC | 223,404 | $14M | 4.7% | TRIM −32% |
| 8 | WELLWELLTOWER INC | 207,090 | $14M | 4.7% | ADD 17% |
| 9 | AMERICAN CAMPUS CMNTYS INC | 272,202 | $14M | 4.6% | HOLD |
| 10 | DUKE REALTY CORP | 393,920 | $10M | 3.6% | ADD 28% |
| 11 | KRCKILROY RLTY CORP | 140,257 | $10M | 3.5% | ADD 14% |
| 12 | PHYSICIANS RLTY TR | 510,090 | $10M | 3.3% | ADD 49% |
| 13 | AVBAVALONBAY CMNTYS INC | 54,018 | $10M | 3.3% | ADD 45% |
| 14 | HUDSON PAC PPTYS INC | 252,386 | $9M | 3.0% | NEW |
| 15 | AKRACADIA RLTY TR | 268,209 | $9M | 3.0% | ADD 2% |
| 16 | EQUITY ONE COM | 275,377 | $8M | 2.9% | ADD 11% |
| 17 | SPIRIT RLTY CAP INC NEW | 751,017 | $8M | 2.8% | ADD 10% |
| 18 | CYRUSONE INC | 178,756 | $8M | 2.7% | TRIM −48% |
| 19 | HILTON WORLDWIDE HLDGS INC | 274,613 | $7M | 2.5% | ADD 54% |
| 20 | REGREGENCY CTRS CORP | 101,624 | $7M | 2.4% | HOLD |
| 21 | FRFIRST INDL RLTY TR INC | 246,604 | $7M | 2.4% | TRIM −19% |
| 22 | PARAMOUNT GROUP INC | 398,246 | $6M | 2.2% | HOLD |
| 23 | COLONY STARWOOD | 211,895 | $6M | 2.1% | NEW |
| 24 | HIWHIGHWOODS PPTYS INC | 108,532 | $6M | 1.9% | HOLD |
| 25 | AMHAMERICAN HOMES 4 RENT | 258,598 | $5M | 1.8% | NEW |
| 26 | TAUBMAN CTRS INC | 64,268 | $5M | 1.6% | TRIM −8% |
| 27 | GEOGEO GROUP INC NEW | 119,808 | $4M | 1.5% | ADD 15% |
| 28 | STORE CAPITAL CORP | 171,567 | $4M | 1.4% | ADD 22% |
| 29 | RAMCO-GERSHENSON PPTYS TR | 238,230 | $4M | 1.3% | ADD 31% |
| 30 | SKTTANGER INC | 105,427 | $4M | 1.3% | TRIM −2% |
| 31 | ADCAGREE RLTY CORP | 54,610 | $3M | 0.9% | NEW |
| 32 | EQIXEQUINIX INC | 3,562 | $1M | 0.4% | TRIM −91% |
| 33 | BDNBRANDYWINE RLTY TR | 58,343 | $963,000 | 0.3% | TRIM −77% |
| 34 | DRHDIAMONDROCK HOSPITALITY CO | 83,265 | $960,000 | 0.3% | ADD 53% |
| 35 | SHOSUNSTONE HOTEL INVS INC NEW | 58,148 | $887,000 | 0.3% | NEW |
| 36 | NHINATIONAL HEALTH INVS INC | 10,151 | $753,000 | 0.3% | TRIM −7% |
| 37 | NNNNNN REIT INC | 14,679 | $649,000 | 0.2% | NEW |
| 38 | FELCOR LODGING TR INC | 65,482 | $525,000 | 0.2% | TRIM −50% |
Where this firm's principals came from and which firms its alumni went on to found.
