CIK 1485921
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) | 61.18% | 13 |
| Unclassified | 38.82% | 10 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CARE CAP PPTYS INC | Unclassified | 10.85% | |
| 2 | CYRUSONE INC | Unclassified | 9.04% | |
| 3 | SPG | SIMON PROPERTY GROUP INC. | Real Estate | 7.15% |
| 4 | EQR | EQUITY RESIDENTIAL | Real Estate | 6.87% |
| 5 | MAC | MACERICH CO | Real Estate | 6.80% |
| 6 | CUBE | CubeSmart | Real Estate | 6.49% |
| 7 | STWD | STARWOOD PROPERTY TRUST, INC. | Real Estate | 6.21% |
| 8 | STAG | STAG Industrial, Inc. | Real Estate | 5.97% |
| 9 | ARI | Apollo Commercial Real Estate Finance, Inc. | Real Estate | 5.58% |
| 10 | CLDT | Chatham Lodging Trust | Real Estate | 5.42% |
13/23 names classified · sector 61.2% of weight · industry 61.2% · mkt cap 61.2%; 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: 61.2% of the book is sector-classified (unclassified names shown, never dropped).
Only 48% of book weight classified — the grid is NOT representative of the whole book.
Classified: 48.4% of book weight (11/14 names) · unclassified 51.6%: , MAC, STAG. 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 | CARE CAP PPTYS INC | 99,200 | $2M | 10.8% | TRIM −11% |
| 2 | CYRUSONE INC | 46,200 | $2M | 9.0% | ADD 32% |
| 3 | SPGSIMON PPTY GROUP INC NEW | 9,200 | $2M | 7.2% | NEW |
| 4 | EQREQUITY RESIDENTIAL | 24,400 | $2M | 6.9% | NEW |
| 5 | MACMACERICH CO | 21,959 | $2M | 6.8% | HOLD |
| 6 | CUBECUBESMART | 55,400 | $1M | 6.5% | NEW |
| 7 | STWDSTARWOOD PPTY TR INC | 64,670 | $1M | 6.2% | TRIM −34% |
| 8 | STAGSTAG INDL INC | 57,170 | $1M | 6.0% | TRIM −23% |
| 9 | ARIAPOLLO COML REAL EST FIN INC | 76,813 | $1M | 5.6% | TRIM −35% |
| 10 | CLDTCHATHAM LODGING TR | 60,347 | $1M | 5.4% | TRIM −21% |
| 11 | SPIRIT RLTY CAP INC NEW | 114,173 | $1M | 5.4% | TRIM −14% |
| 12 | EPREPR PPTYS | 16,974 | $1M | 5.3% | TRIM −28% |
| 13 | QTS RLTY TR INC | 22,219 | $1M | 4.8% | TRIM −23% |
| 14 | BXPBXP INC | 8,300 | $1M | 4.6% | HOLD |
| 15 | WASHINGTON PRIME GROUP NEW | 98,800 | $1M | 4.5% | TRIM −22% |
| 16 | EXTENDED STAY AMERICA INC | 36,307 | $586,000 | 2.6% | HOLD |
| 17 | HUDSON PAC PPTYS INC | 3,121 | $109,000 | 0.5% | HOLD |
| 18 | BLUEROCK RESIDENTIAL GWT REI | 7,200 | $99,000 | 0.4% | TRIM −82% |
| 19 | SL GREEN RLTY CORP | 800 | $86,000 | 0.4% | HOLD |
| 20 | VTRVENTAS INC | 1,300 | $81,000 | 0.4% | TRIM −63% |
| 21 | GENERAL GROWTH PPTYS INC NEW | 3,141 | $78,000 | 0.3% | ADD 15% |
| 22 | HSTHOST HOTELS & RESORTS INC | 4,122 | $78,000 | 0.3% | TRIM −81% |
| 23 | SBRASABRA HEALTH CARE REIT INC | 921 | $22,000 | 0.1% | TRIM −95% |
Where this firm's principals came from and which firms its alumni went on to found.
