CIK 1502631
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2020-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 |
|---|---|---|
| Equity Real Estate Investment Trusts (REITs) | 63.18% | 22 |
| Unclassified | 34.83% | 15 |
| Real Estate Management & Development | 1.99% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | RLJ LODGING TR | Unclassified | 10.81% | |
| 2 | ABR | ARBOR REALTY TRUST INC | Real Estate | 7.65% |
| 3 | BXMT | BLACKSTONE MORTGAGE TRUST, INC. | Real Estate | 6.68% |
| 4 | WPC | W. P. Carey Inc. | Real Estate | 6.06% |
| 5 | STAG | STAG Industrial, Inc. | Real Estate | 5.76% |
| 6 | SBRA | Sabra Health Care REIT, Inc. | Real Estate | 5.65% |
| 7 | ANNALY MORTGAGE MANAGEMENT | Unclassified | 5.55% | |
| 8 | AGNC | AGNC Investment Corp. | Real Estate | 4.28% |
| 9 | STWD | STARWOOD PROPERTY TRUST, INC. | Real Estate | 3.64% |
| 10 | DLR | DIGITAL REALTY TRUST, INC. | Real Estate | 3.58% |
23/38 names classified · sector 65.2% of weight · industry 65.2% · mkt cap 65.2%; 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: 65.2% 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: 46.6% of book weight (18/27 names) · unclassified 53.4%: , WPC, STAG, AGNC, JPC, GNL, KREF, PLYM, OCSL. 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 | RLJ LODGING TR | 229,792 | $5M | 10.8% | HOLD |
| 2 | ABRARBOR REALTY TRUST INC | 325,000 | $4M | 7.6% | TRIM −14% |
| 3 | BXMTBLACKSTONE MTG TR INC | 148,300 | $3M | 6.7% | HOLD |
| 4 | WPCW. P. Carey Inc. | 45,300 | $3M | 6.1% | HOLD |
| 5 | STAGSTAG INDL INC | 92,066 | $3M | 5.8% | ADD 32% |
| 6 | SBRASABRA HEALTH CARE REIT INC | 199,797 | $3M | 5.6% | ADD 71% |
| 7 | ANNALY MORTGAGE MANAGEMENT | 380,000 | $3M | 5.6% | TRIM −9% |
| 8 | AGNCAGNC Investment Corp | 150,000 | $2M | 4.3% | HOLD |
| 9 | STWDSTARWOOD PPTY TR INC | 117,500 | $2M | 3.6% | TRIM −6% |
| 10 | DLRDIGITAL RLTY TR INC | 11,885 | $2M | 3.6% | ADD 19% |
| 11 | QTS RLTY TR INC | 27,000 | $2M | 3.5% | HOLD |
| 12 | TRTXTPG RE FIN TR INC | 190,000 | $2M | 3.3% | ADD 3% |
| 13 | ARIAPOLLO COML REAL EST FIN INC | 170,000 | $2M | 3.1% | ADD 26% |
| 14 | JPCNUVEEN PFD & INCOME OPPORTUN | 147,906 | $1M | 2.6% | TRIM −61% |
| 15 | IRMIRON MTN INC DEL | 45,000 | $1M | 2.5% | ADD 50% |
| 16 | READY CAPITAL CORP | 49,941 | $1M | 2.4% | HOLD |
| 17 | TRNOTERRENO RLTY CORP | 17,714 | $970,000 | 2.0% | NEW |
| 18 | BLUEROCK RESIDENTIAL GWT REI | 117,776 | $893,000 | 1.8% | ADD 27% |
| 19 | VEREIT INC | 120,000 | $780,000 | 1.6% | TRIM −11% |
| 20 | LADRLADDER CAP CORP | 105,000 | $748,000 | 1.5% | ADD 5% |
| 21 | SPGSIMON PPTY GROUP INC NEW | 11,000 | $711,000 | 1.5% | NEW |
| 22 | QTS RLTY TR INC | 5,000 | $707,000 | 1.5% | HOLD |
| 23 | GNLGLOBAL NET LEASE INC | 40,635 | $646,000 | 1.3% | ADD 174% |
| 24 | KREFKKR REAL ESTATE FIN TR INC | 33,614 | $556,000 | 1.1% | ADD 17% |
| 25 | HEALTHCARE TR AMER INC | 20,000 | $520,000 | 1.1% | NEW |
| 26 | VNOVORNADO RLTY TR | 15,000 | $506,000 | 1.0% | TRIM −54% |
| 27 | LXP INDUSTRIAL TRUST | 47,500 | $496,000 | 1.0% | TRIM −21% |
| 28 | REXRREXFORD INDL RLTY INC | 10,000 | $458,000 | 0.9% | NEW |
| 29 | PLDPROLOGIS INC. | 4,000 | $402,000 | 0.8% | NEW |
| 30 | FRFIRST INDL RLTY TR INC | 10,000 | $398,000 | 0.8% | NEW |
| 31 | SL GREEN RLTY CORP | 8,063 | $374,000 | 0.8% | TRIM −75% |
| 32 | IRTINDEPENDENCE RLTY TR INC | 30,602 | $355,000 | 0.7% | NEW |
| 33 | CITY OFFICE REIT INC | 45,000 | $338,000 | 0.7% | ADD 29% |
| 34 | BXPBXP INC | 4,000 | $321,000 | 0.7% | TRIM −67% |
| 35 | PLYMPLYMOUTH INDL REIT INC | 25,000 | $309,000 | 0.6% | NEW |
| 36 | FEDERAL REALTY INVS TR | 4,000 | $294,000 | 0.6% | NEW |
| 37 | NTSTNETSTREIT CORP | 13,650 | $249,000 | 0.5% | NEW |
| 38 | OCSLOAKTREE SPECIALTY LENDING | 30,000 | $145,000 | 0.3% | TRIM −78% |
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