CIK 1672472
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2017-Q1. 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 | 70.08% | 17 |
| Equity Real Estate Investment Trusts (REITs) | 16.54% | 3 |
| Health Care Providers & Services | 13.39% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | BKD | Brookdale Senior Living Inc. | Health Care | 13.39% |
| 2 | DDR CORP | Unclassified | 7.90% | |
| 3 | APARTMENT INVT & MGMT CO | Unclassified | 7.67% | |
| 4 | PENNSYLVANIA REAL ESTATE INV | Unclassified | 7.67% | |
| 5 | MAC | MACERICH CO | Real Estate | 7.50% |
| 6 | SPIRIT RLTY CAP INC NEW | Unclassified | 6.67% | |
| 7 | FOREST CITY RLTY TR INC | Unclassified | 6.24% | |
| 8 | TAUBMAN CTRS INC | Unclassified | 5.13% | |
| 9 | CUBE | CubeSmart | Real Estate | 5.01% |
| 10 | LIFE STORAGE INC | Unclassified | 4.78% |
4/21 names classified · sector 29.9% of weight · industry 29.9% · mkt cap 29.9%; 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: 29.9% of the book is sector-classified (unclassified names shown, never dropped).
Only 9% of book weight classified — the grid is NOT representative of the whole book.
Classified: 9.0% of book weight (2/5 names) · unclassified 91.0%: , BKD, MAC. 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 | BKDBROOKDALE SR LIVING INC | 2,115,000 | $31M | 13.4% | TRIM −24% |
| 2 | DDR CORP | 2,025,000 | $18M | 7.9% | ADD 27% |
| 3 | APARTMENT INVT & MGMT CO | 415,000 | $18M | 7.7% | ADD 66% |
| 4 | PENNSYLVANIA REAL ESTATE INV | 1,575,000 | $18M | 7.7% | HOLD |
| 5 | MACMACERICH CO | 300,000 | $17M | 7.5% | TRIM −5% |
| 6 | SPIRIT RLTY CAP INC NEW | 2,090,100 | $15M | 6.7% | TRIM −12% |
| 7 | FOREST CITY RLTY TR INC | 600,000 | $15M | 6.2% | ADD 14% |
| 8 | TAUBMAN CTRS INC | 200,000 | $12M | 5.1% | TRIM −43% |
| 9 | CUBECUBESMART | 484,700 | $12M | 5.0% | ADD 39% |
| 10 | LIFE STORAGE INC | 150,000 | $11M | 4.8% | TRIM −41% |
| 11 | NORTHSTAR REALTY EUROPE CORP | 770,260 | $10M | 4.2% | TRIM −18% |
| 12 | VNOVORNADO RLTY TR | 99,597 | $9M | 4.0% | NEW |
| 13 | QTS RLTY TR INC | 131,820 | $7M | 3.0% | TRIM −37% |
| 14 | MACK CALI RLTY CORP | 250,000 | $7M | 2.9% | NEW |
| 15 | RAMCO-GERSHENSON PPTYS TR | 500,000 | $6M | 2.8% | TRIM −38% |
| 16 | MONOGRAM RESIDENTIAL TR INC | 600,000 | $6M | 2.5% | NEW |
| 17 | FOUNDATION BLDG MATLS INC | 372,835 | $5M | 2.1% | ADD 17% |
| 18 | PHYSICIANS RLTY TR | 225,000 | $5M | 2.0% | NEW |
| 19 | ZAYO GROUP HLDGS INC | 135,024 | $4M | 1.8% | NEW |
| 20 | JERNIGAN CAP INC | 159,816 | $4M | 1.5% | NEW |
| 21 | CAPITAL SR LIVING CORP | 200,000 | $3M | 1.3% | HOLD |
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