CIK 1399360
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) | 92.09% | 36 |
| Utilities | 4.77% | 9 |
| Real Estate Management & Development | 3.14% | 3 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | EQIX | EQUINIX INC | Real Estate | 9.09% |
| 2 | VTR | Ventas, Inc. | Real Estate | 8.09% |
| 3 | BRX | Brixmor Property Group Inc. | Real Estate | 7.12% |
| 4 | FR | FIRST INDUSTRIAL REALTY TRUST INC | Real Estate | 5.91% |
| 5 | GLPI | Gaming & Leisure Properties, Inc. | Real Estate | 5.42% |
| 6 | DLR | DIGITAL REALTY TRUST, INC. | Real Estate | 5.00% |
| 7 | EQR | EQUITY RESIDENTIAL | Real Estate | 4.24% |
| 8 | UDR | UDR, Inc. | Real Estate | 3.58% |
| 9 | DOC | HEALTHPEAK PROPERTIES, INC. | Real Estate | 3.45% |
| 10 | CUBE | CubeSmart | Real Estate | 3.16% |
48/48 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 100.0%; 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: 92.1% of book weight (41/48 names) · unclassified 7.9%: SKT, REG, WPC, ARE, BDN, PDM, HPP. 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 | EQIXEQUINIX INC | 16,534 | $16M | 9.1% | HOLD |
| 2 | VTRVENTAS INC | 176,423 | $14M | 8.1% | HOLD |
| 3 | BRXBRIXMOR PPTY GROUP INC | 440,708 | $13M | 7.1% | HOLD |
| 4 | FRFIRST INDL RLTY TR INC | 182,016 | $11M | 5.9% | HOLD |
| 5 | GLPIGAMING & LEISURE P | 217,958 | $10M | 5.4% | HOLD |
| 6 | DLRDIGITAL RLTY TR INC | 49,452 | $9M | 5.0% | HOLD |
| 7 | EQREQUITY RESIDENTIAL | 127,817 | $8M | 4.2% | HOLD |
| 8 | UDRUDR INC | 188,943 | $6M | 3.6% | HOLD |
| 9 | DOCHEALTHPEAK PROPERTIES INC | 373,942 | $6M | 3.4% | HOLD |
| 10 | CUBECUBESMART | 153,539 | $6M | 3.2% | HOLD |
| 11 | SKTTANGER INC | 157,387 | $5M | 3.0% | ADD 10% |
| 12 | INVHINVITATION HOMES INC | 210,816 | $5M | 2.9% | HOLD |
| 13 | COLDAMERICOLD REALTY TRUST INC | 428,379 | $5M | 2.8% | HOLD |
| 14 | SUISUN CMNTYS INC | 36,178 | $5M | 2.6% | HOLD |
| 15 | NTSTNETSTREIT CORP | 218,704 | $4M | 2.3% | HOLD |
| 16 | REGREGENCY CTRS CORP | 50,019 | $4M | 2.1% | HOLD |
| 17 | OREALTY INCOME CORP | 57,161 | $3M | 2.0% | HOLD |
| 18 | AMTAMERICAN TOWER CORP | 18,568 | $3M | 1.8% | HOLD |
| 19 | PLDPROLOGIS INC. | 23,942 | $3M | 1.8% | HOLD |
| 20 | WPCW. P. Carey Inc. | 43,207 | $3M | 1.6% | HOLD |
| 21 | ADCAGREE RLTY CORP | 38,203 | $3M | 1.6% | HOLD |
| 22 | VICIVICI PPTYS INC | 98,374 | $3M | 1.5% | HOLD |
| 23 | SBRASABRA HEALTH CARE REIT INC | 136,324 | $3M | 1.5% | HOLD |
| 24 | AVBAVALONBAY CMNTYS INC | 15,341 | $3M | 1.4% | HOLD |
| 25 | PSAPUBLIC STORAGE OPER CO | 8,298 | $2M | 1.3% | HOLD |
| 26 | HRHEALTHCARE RLTY TR | 129,765 | $2M | 1.2% | HOLD |
| 27 | SPGSIMON PPTY GROUP INC NEW | 11,492 | $2M | 1.2% | HOLD |
| 28 | CDPCOPT DEFENSE PROPERTIES | 65,602 | $2M | 1.1% | HOLD |
| 29 | CCICROWN CASTLE INC | 22,570 | $2M | 1.0% | HOLD |
| 30 | KRGKITE RLTY GROUP TR | 67,855 | $2M | 0.9% | HOLD |
| 31 | SBACSBA COMMUNICATIONS CORP NEW | 9,585 | $2M | 0.9% | HOLD |
| 32 | KMIKINDER MORGAN INC DEL | 47,204 | $2M | 0.9% | HOLD |
| 33 | EXREXTRA SPACE STORAGE INC | 11,624 | $2M | 0.9% | HOLD |
| 34 | CPTCAMDEN PPTY TR | 13,503 | $1M | 0.7% | HOLD |
| 35 | HIWHIGHWOODS PPTYS INC | 57,083 | $1M | 0.7% | HOLD |
| 36 | EDCONSOLIDATED EDISON INC | 10,326 | $1M | 0.7% | HOLD |
| 37 | WMBWILLIAMS COS INC | 14,092 | $1M | 0.6% | HOLD |
| 38 | AREALEXANDRIA REAL ESTATE EQ IN | 22,027 | $1M | 0.6% | HOLD |
| 39 | ESEVERSOURCE ENERGY | 14,430 | $999,710 | 0.6% | HOLD |
| 40 | OKEONEOK INC NEW | 9,641 | $871,450 | 0.5% | HOLD |
| 41 | LNGCheniere Energy, Inc | 2,825 | $801,622 | 0.4% | HOLD |
| 42 | AWKAMERICAN WTR WKS CO INC NEW | 5,885 | $800,890 | 0.4% | HOLD |
| 43 | BDNBRANDYWINE RLTY TR | 265,994 | $720,844 | 0.4% | HOLD |
| 44 | EIXEDISON INTL | 9,363 | $685,184 | 0.4% | HOLD |
| 45 | SRESEMPRA | 5,856 | $569,028 | 0.3% | HOLD |
| 46 | PDMPIEDMONT REALTY TRUST INC | 45,142 | $296,583 | 0.2% | HOLD |
| 47 | EPREPR PPTYS | 4,702 | $234,912 | 0.1% | HOLD |
| 48 | HPPHUDSON PAC PPTYS INC | 10,625 | $62,794 | 0.0% | TRIM −94% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| EQIXEQUINIX INC | 54K | 45K | 52K | 42K | 17K | 17K | $16M |
| VTRVENTAS INC | 440K | 487K | 486K | 399K | 176K | 176K | $14M |
| BRXBRIXMOR PPTY GROUP INC | 1.4M | 1.5M | 1.3M | 1.0M | 441K | 441K | $13M |
| FRFIRST INDL RLTY TR INC | 18K | — | 527K | 444K | 182K | 182K | $11M |
| GLPIGAMING & LEISURE P | 679K | 747K | 625K | 508K | 218K | 218K | $10M |
| DLRDIGITAL RLTY TR INC | 8K | 170K | 139K | 113K | 49K | 49K | $9M |
| EQREQUITY RESIDENTIAL | 231K | 252K | 249K | 312K | 128K | 128K | $8M |
| UDRUDR INC | 496K | 544K | 537K | 435K | 189K | 189K | $6M |
| DOCHEALTHPEAK PROPERTIES INC | 695K | 737K | 732K | 629K | 374K | 374K | $6M |
| CUBECUBESMART | 444K | 500K | 488K | 394K | 154K | 154K | $6M |
| SKTTANGER INC | — | — | 473K | 393K | 143K | 157K | $5M |
| INVHINVITATION HOMES INC | 718K | 794K | 780K | 613K | 211K | 211K | $5M |
| COLDAMERICOLD REALTY TRUST INC | 127K | 542K | 804K | 886K | 428K | 428K | $5M |
| SUISUN CMNTYS INC | 88K | 125K | 123K | 86K | 36K | 36K | $5M |
| NTSTNETSTREIT CORP | 359K | 674K | 664K | 601K | 219K | 219K | $4M |
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.
Where this firm's principals came from and which firms its alumni went on to found.
