CIK 1764403
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. 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) | 89.85% | 7 |
| Real Estate Management & Development | 10.15% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SUI | SUN COMMUNITIES INC | Real Estate | 22.75% |
| 2 | EQIX | EQUINIX INC | Real Estate | 21.29% |
| 3 | FR | FIRST INDUSTRIAL REALTY TRUST INC | Real Estate | 15.28% |
| 4 | IVT | InvenTrust Properties Corp. | Real Estate | 11.92% |
| 5 | CUBE | CubeSmart | Real Estate | 10.33% |
| 6 | CBRE | CBRE GROUP, INC. | Real Estate | 8.00% |
| 7 | DLR | DIGITAL REALTY TRUST, INC. | Real Estate | 6.34% |
| 8 | NMRK | NEWMARK GROUP, INC. | Real Estate | 2.14% |
| 9 | JAN | Janus Living, Inc. | Real Estate | 1.93% |
9/9 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 98.1%; 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: 98.1% of book weight (8/9 names) · unclassified 1.9%: JAN. 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 | SUISUN CMNTYS INC | 330,796 | $42M | 22.7% | ADD 17% |
| 2 | EQIXEQUINIX INC | 39,788 | $39M | 21.3% | TRIM −12% |
| 3 | FRFIRST INDL RLTY TR INC | 483,844 | $28M | 15.3% | ADD 70% |
| 4 | IVTINVENTRUST PPTYS CORP | 716,866 | $22M | 11.9% | TRIM −30% |
| 5 | CUBECUBESMART | 516,356 | $19M | 10.3% | TRIM −6% |
| 6 | CBRECBRE GROUP INC | 108,211 | $15M | 8.0% | ADD 52% |
| 7 | DLRDIGITAL RLTY TR INC | 64,434 | $12M | 6.3% | TRIM −32% |
| 8 | NMRKNEWMARK GROUP INC | 261,995 | $4M | 2.1% | ADD 9% |
| 9 | JANJANUS LIVING INC | 150,000 | $4M | 1.9% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SUISUN CMNTYS INC | 275K | 275K | 275K | 282K | 283K | 331K | $42M |
| EQIXEQUINIX INC | 33K | 33K | 33K | 45K | 45K | 40K | $39M |
| FRFIRST INDL RLTY TR INC | — | — | — | — | 284K | 484K | $28M |
| IVTINVENTRUST PPTYS CORP | 90K | 350K | 989K | 1.1M | 1.0M | 717K | $22M |
| CUBECUBESMART | — | — | — | — | 547K | 516K | $19M |
| CBRECBRE GROUP INC | 26K | 155K | 45K | 40K | 71K | 108K | $15M |
| DLRDIGITAL RLTY TR INC | 119K | 59K | 59K | 94K | 94K | 64K | $12M |
| NMRKNEWMARK GROUP INC | 869K | — | — | 139K | 240K | 262K | $4M |
| JANJANUS LIVING INC | — | — | — | — | — | 150K | $4M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
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