CIK 1571207
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2015-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 |
|---|---|---|
| Unclassified | 63.36% | 14 |
| Equity Real Estate Investment Trusts (REITs) | 22.99% | 5 |
| Hotels, Restaurants & Leisure | 6.41% | 1 |
| Construction & Engineering | 4.12% | 1 |
| Banks | 3.11% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | NEW YORK REIT INC | Unclassified | 10.92% | |
| 2 | CENTERSTATE BK CORP | Unclassified | 10.60% | |
| 3 | XHR | Xenia Hotels & Resorts, Inc. | Consumer Discretionary | 6.41% |
| 4 | EPR | EPR PROPERTIES | Real Estate | 6.01% |
| 5 | SPIRIT RLTY CAP INC NEW | Unclassified | 5.49% | |
| 6 | QTS RLTY TR INC | Unclassified | 5.15% | |
| 7 | HFF INC | Unclassified | 4.56% | |
| 8 | PACWEST BANCORP | Unclassified | 4.55% | |
| 9 | EQIX | EQUINIX INC | Real Estate | 4.54% |
| 10 | FR | FIRST INDUSTRIAL REALTY TRUST INC | Real Estate | 4.33% |
8/22 names classified · sector 36.6% of weight · industry 36.6% · mkt cap 36.6%; 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: 36.6% of the book is sector-classified (unclassified names shown, never dropped).
Only 37% of book weight classified — the grid is NOT representative of the whole book.
Classified: 36.6% of book weight (8/9 names) · unclassified 63.4%: . 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 | NEW YORK REIT INC | 325,100 | $7M | 10.9% | NEW |
| 2 | CENTERSTATE BK CORP | 98,767 | $7M | 10.6% | NEW |
| 3 | XHRXENIA HOTELS & RESORTS INC | 53,444 | $4M | 6.4% | ADD 82% |
| 4 | EPREPR PPTYS | 7,921 | $4M | 6.0% | TRIM −85% |
| 5 | SPIRIT RLTY CAP INC NEW | 234,204 | $4M | 5.5% | NEW |
| 6 | QTS RLTY TR INC | 54,728 | $3M | 5.2% | NEW |
| 7 | HFF INC | 123,386 | $3M | 4.6% | NEW |
| 8 | PACWEST BANCORP | 36,979 | $3M | 4.5% | TRIM −47% |
| 9 | EQIXEQUINIX INC | 3,917 | $3M | 4.5% | NEW |
| 10 | FRFIRST INDL RLTY TR INC | 61,398 | $3M | 4.3% | NEW |
| 11 | GRBKGREEN BRICK PARTNERS INC | 186,726 | $3M | 4.1% | TRIM −72% |
| 12 | SPGSIMON PPTY GROUP INC NEW | 4,500 | $3M | 4.1% | NEW |
| 13 | CPTCAMDEN PPTY TR | 25,000 | $3M | 4.0% | NEW |
| 14 | RETAIL PPTYS AMER INC | 78,400 | $3M | 4.0% | NEW |
| 15 | PENNSYLVANIA REAL ESTATE INV | 108,853 | $2M | 3.7% | TRIM −10% |
| 16 | DIAMOND RESORTS INTL INC | 44,122 | $2M | 3.6% | TRIM −64% |
| 17 | FRANKLIN FINL NETWORK INC | 27,603 | $2M | 3.6% | NEW |
| 18 | KRNYKEARNY FINL CORP MD | 193,848 | $2M | 3.1% | NEW |
| 19 | AV HOMES INC | 238,723 | $1M | 2.2% | TRIM −54% |
| 20 | AMERISOURCEBERGEN COR | 210,150 | $1M | 2.0% | ADD 262% |
| 21 | POST PPTYS INC | 29,800 | $1M | 1.6% | TRIM −49% |
| 22 | FELCOR LODGING TR INC | 90,045 | $1M | 1.6% | TRIM −79% |
Where this firm's principals came from and which firms its alumni went on to found.
