CIK 1387005
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2015-Q2. 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 | 47.79% | 13 |
| Equity Real Estate Investment Trusts (REITs) | 28.76% | 9 |
| Construction & Engineering | 10.66% | 2 |
| Hotels, Restaurants & Leisure | 5.90% | 2 |
| Real Estate Management & Development | 2.71% | 1 |
| Specialty Retail | 2.15% | 1 |
| Machinery | 2.03% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | ISTAR INC | Unclassified | 8.56% | |
| 2 | PENNSYLVANIA REAL ESTATE INV | Unclassified | 6.77% | |
| 3 | GEO | GEO GROUP INC | Industrials | 6.13% |
| 4 | GENERAL GROWTH PPTYS INC NEW | Unclassified | 6.10% | |
| 5 | BLD | TopBuild Corp | Industrials | 4.53% |
| 6 | SL GREEN RLTY CORP | Unclassified | 4.27% | |
| 7 | AMH | American Homes 4 Rent | Real Estate | 4.27% |
| 8 | FOREST CITY A | Unclassified | 4.12% | |
| 9 | ESS | ESSEX PROPERTY TRUST, INC. | Real Estate | 4.10% |
| 10 | DRI | DARDEN RESTAURANTS INC | Consumer Discretionary | 3.97% |
16/29 names classified · sector 52.2% of weight · industry 52.2% · mkt cap 52.2%; 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: 52.2% of the book is sector-classified (unclassified names shown, never dropped).
Only 47% of book weight classified — the grid is NOT representative of the whole book.
Classified: 47.0% of book weight (14/17 names) · unclassified 53.0%: , SRG, MAC. 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 | ISTAR INC | 1,239,843 | $16M | 8.6% | TRIM −17% |
| 2 | PENNSYLVANIA REAL ESTATE INV | 621,725 | $12M | 6.8% | TRIM −26% |
| 3 | GEOGEO GROUP INC NEW | 375,673 | $11M | 6.1% | NEW |
| 4 | GENERAL GROWTH PPTYS INC NEW | 428,305 | $11M | 6.1% | ADD 13% |
| 5 | BLDTOPBUILD COR | 266,338 | $8M | 4.5% | NEW |
| 6 | SL GREEN RLTY CORP | 72,018 | $8M | 4.3% | NEW |
| 7 | AMHAMERICAN HOMES 4 RENT | 484,008 | $8M | 4.3% | TRIM −49% |
| 8 | FOREST CITY A | 372,957 | $8M | 4.1% | TRIM −41% |
| 9 | ESSEssex Property Trust | 33,477 | $7M | 4.1% | NEW |
| 10 | DRIDARDEN RESTAURANTS INC | 105,552 | $7M | 4.0% | ADD 9% |
| 11 | SBACSBA COMMUNICATIONS CORP | 65,793 | $7M | 3.8% | ADD 84% |
| 12 | PSAPUBLIC STORAGE OPER CO | 32,136 | $7M | 3.7% | NEW |
| 13 | CUBECUBESMART | 229,356 | $6M | 3.4% | NEW |
| 14 | STARWOOD HOTELS&RESORTS WRLD | 93,694 | $6M | 3.4% | NEW |
| 15 | EQREQUITY RESIDENTIAL | 76,551 | $6M | 3.2% | TRIM −44% |
| 16 | HILTON WORLDWIDE HLDGS INC | 248,977 | $6M | 3.1% | TRIM −17% |
| 17 | BXPBXP INC | 47,229 | $6M | 3.1% | NEW |
| 18 | PARKWAY PPTYS/M | 342,100 | $5M | 2.9% | TRIM −29% |
| 19 | SRGSERITAGE GROWTH PPTYS | 132,743 | $5M | 2.7% | NEW |
| 20 | MACMACERICH CO | 59,129 | $5M | 2.5% | TRIM −66% |
| 21 | DCT INDUSTRIAL TRUST INC | 132,430 | $4M | 2.4% | NEW |
| 22 | LOWLOWES COS INC | 56,736 | $4M | 2.1% | NEW |
| 23 | MASMASCO CORP | 146,910 | $4M | 2.0% | NEW |
| 24 | MGMMGM RESORTS INTERNATIONAL | 190,705 | $4M | 1.9% | NEW |
| 25 | FELCOR LODGING TR INC | 454,831 | $3M | 1.8% | NEW |
| 26 | WCI CMNTYS INC | 133,500 | $3M | 1.7% | NEW |
| 27 | POST PPTYS INC | 43,472 | $3M | 1.4% | TRIM −47% |
| 28 | NEW YORK REIT INC | 222,400 | $2M | 1.2% | NEW |
| 29 | AMTAMERICAN TOWER CORP | 14,940 | $1M | 0.7% | TRIM −65% |
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