CIK 1595077
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-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) | 89.67% | 18 |
| Software & IT Services | 5.72% | 1 |
| Health Care Providers & Services | 4.61% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | IRM | IRON MOUNTAIN INC | Real Estate | 7.69% |
| 2 | WELL | WELLTOWER INC. | Real Estate | 6.13% |
| 3 | REG | REGENCY CENTERS CORP | Real Estate | 6.06% |
| 4 | DLR | DIGITAL REALTY TRUST, INC. | Real Estate | 6.00% |
| 5 | REXR | Rexford Industrial Realty, Inc. | Real Estate | 5.97% |
| 6 | CUBE | CubeSmart | Real Estate | 5.94% |
| 7 | SLG | SL GREEN REALTY CORP | Real Estate | 5.87% |
| 8 | AVB | AVALONBAY COMMUNITIES INC | Real Estate | 5.72% |
| 9 | GDS | Gds Holdings Ltd | Information Technology | 5.72% |
| 10 | SKT | TANGER INC. | Real Estate | 5.36% |
20/20 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 94.3%; 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: 58.6% of book weight (12/20 names) · unclassified 41.4%: REG, SLG, GDS, SKT, ARE, WPC, BKD, 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 | IRMIRON MTN INC DEL | 115,286 | $12M | 7.7% | TRIM −45% |
| 2 | WELLWELLTOWER INC | 52,551 | $9M | 6.1% | TRIM −53% |
| 3 | REGREGENCY CTRS CORP | 127,000 | $9M | 6.1% | TRIM −38% |
| 4 | DLRDIGITAL RLTY TR INC | 53,000 | $9M | 6.0% | TRIM −60% |
| 5 | REXRREXFORD INDL RLTY INC | 221,828 | $9M | 6.0% | NEW |
| 6 | CUBECUBESMART | 223,418 | $9M | 5.9% | TRIM −39% |
| 7 | SLGSL GREEN RLTY CORP | 149,903 | $9M | 5.9% | TRIM −47% |
| 8 | AVBAVALONBAY CMNTYS INC | 45,257 | $9M | 5.7% | TRIM −53% |
| 9 | GDSGDS HLDGS LTD | 225,812 | $9M | 5.7% | TRIM −37% |
| 10 | SKTTANGER INC | 242,000 | $8M | 5.4% | TRIM −55% |
| 11 | AREALEXANDRIA REAL ESTATE EQ IN | 97,330 | $8M | 5.3% | NEW |
| 12 | VTRVENTAS INC | 114,104 | $8M | 5.2% | NEW |
| 13 | WPCW. P. Carey Inc. | 114,000 | $8M | 5.0% | TRIM −42% |
| 14 | AHRAMERICAN HEALTHCARE REIT INC | 179,650 | $8M | 4.9% | TRIM −60% |
| 15 | CTRECareTrust REIT, Inc. | 203,845 | $7M | 4.6% | TRIM −57% |
| 16 | BKDBROOKDALE SR LIVING INC | 832,000 | $7M | 4.6% | TRIM −68% |
| 17 | STAGSTAG INDL INC | 147,880 | $5M | 3.4% | TRIM −63% |
| 18 | CPTCAMDEN PPTY TR | 43,764 | $5M | 3.1% | NEW |
| 19 | FRFIRST INDL RLTY TR INC | 66,973 | $3M | 2.3% | NEW |
| 20 | CUZCOUSINS PPTYS INC | 57,000 | $2M | 1.1% | NEW |
Where this firm's principals came from and which firms its alumni went on to found.
