CIK 1388788
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) | 100.00% | 6 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CPT | CAMDEN PROPERTY TRUST | Real Estate | 36.17% |
| 2 | FR | FIRST INDUSTRIAL REALTY TRUST INC | Real Estate | 17.89% |
| 3 | MAA | MID AMERICA APARTMENT COMMUNITIES INC. | Real Estate | 14.26% |
| 4 | NXRT | NexPoint Residential Trust, Inc. | Real Estate | 13.17% |
| 5 | EQR | EQUITY RESIDENTIAL | Real Estate | 12.23% |
| 6 | JAN | Janus Living, Inc. | Real Estate | 6.27% |
6/6 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 93.7%; 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: 80.6% of book weight (4/6 names) · unclassified 19.4%: NXRT, JAN. 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 | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| CPTCAMDEN PPTY TR | 316K | 316K | 316K | 500K | 696K | 696K | $68M |
| FRFIRST INDL RLTY TR INC | 581K | 581K | 581K | 581K | 581K | 581K | $34M |
| MAAMID-AMER APT CMNTYS INC | 219K | 219K | 219K | 219K | 219K | 219K | $27M |
| NXRTNEXPOINT RESIDENTIAL TR INC | 653K | 653K | 662K | 831K | 989K | 989K | $25M |
| EQREQUITY RESIDENTIAL | 339K | 339K | 339K | 388K | 388K | 388K | $23M |
| JANJANUS LIVING INC | — | — | — | — | — | 500K | $12M |
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.
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