CIK 2058173
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) | 88.76% | 17 |
| Real Estate Management & Development | 8.07% | 1 |
| Construction & Engineering | 3.17% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | WELL | WELLTOWER INC. | Real Estate | 10.14% |
| 2 | AHR | American Healthcare REIT, Inc. | Real Estate | 9.69% |
| 3 | BRX | Brixmor Property Group Inc. | Real Estate | 9.36% |
| 4 | UE | Urban Edge Properties | Real Estate | 8.07% |
| 5 | UDR | UDR, Inc. | Real Estate | 7.70% |
| 6 | EQR | EQUITY RESIDENTIAL | Real Estate | 7.21% |
| 7 | STAG | STAG Industrial, Inc. | Real Estate | 5.56% |
| 8 | COLD | AMERICOLD REALTY TRUST | Real Estate | 4.68% |
| 9 | EPRT | ESSENTIAL PROPERTIES REALTY TRUST, INC. | Real Estate | 4.29% |
| 10 | HIW | HIGHWOODS PROPERTIES, INC. | Real Estate | 4.21% |
20/20 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 100.0%; 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: 91.3% of book weight (18/20 names) · unclassified 8.7%: STAG, ARE. 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 | WELLWELLTOWER INC | 57,671 | $11M | 10.1% | NEW |
| 2 | AHRAMERICAN HEALTHCARE REIT INC | 217,418 | $10M | 9.7% | HOLD |
| 3 | BRXBRIXMOR PPTY GROUP INC | 376,893 | $10M | 9.4% | TRIM −33% |
| 4 | UEURBAN EDGE PPTYS | 443,892 | $9M | 8.1% | TRIM −18% |
| 5 | UDRUDR INC | 221,582 | $8M | 7.7% | NEW |
| 6 | EQREQUITY RESIDENTIAL | 120,778 | $8M | 7.2% | NEW |
| 7 | STAGSTAG INDL INC | 159,811 | $6M | 5.6% | TRIM −43% |
| 8 | COLDAMERICOLD REALTY TRUST INC | 384,593 | $5M | 4.7% | TRIM −41% |
| 9 | EPRTESSENTIAL PPTYS RLTY TR INC | 152,707 | $5M | 4.3% | NEW |
| 10 | HIWHIGHWOODS PPTYS INC | 171,950 | $4M | 4.2% | TRIM −66% |
| 11 | KRCKILROY RLTY CORP | 106,892 | $4M | 3.8% | NEW |
| 12 | CUBECUBESMART | 109,958 | $4M | 3.8% | NEW |
| 13 | EXREXTRA SPACE STORAGE INC | 29,023 | $4M | 3.6% | TRIM −74% |
| 14 | CDPCOPT DEFENSE PROPERTIES | 129,584 | $4M | 3.4% | NEW |
| 15 | AREALEXANDRIA REAL ESTATE EQ IN | 66,932 | $3M | 3.1% | TRIM −52% |
| 16 | EGPEASTGROUP PPTYS INC | 17,519 | $3M | 3.0% | TRIM −50% |
| 17 | SPGSIMON PPTY GROUP INC NEW | 15,696 | $3M | 2.8% | TRIM −77% |
| 18 | VTRVENTAS INC | 35,100 | $3M | 2.6% | TRIM −78% |
| 19 | PHMPULTE GROUP INC | 15,127 | $2M | 1.7% | TRIM −58% |
| 20 | TMHCTAYLOR MORRISON HOME CORP | 26,674 | $2M | 1.5% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| WELLWELLTOWER INC | — | — | — | — | — | 58K | $11M |
| AHRAMERICAN HEALTHCARE REIT INC | — | — | — | — | 221K | 217K | $10M |
| BRXBRIXMOR PPTY GROUP INC | — | — | — | — | 564K | 377K | $10M |
| UEURBAN EDGE PPTYS | — | — | — | — | 543K | 444K | $9M |
| UDRUDR INC | — | — | — | — | — | 222K | $8M |
| EQREQUITY RESIDENTIAL | — | — | — | — | — | 121K | $8M |
| STAGSTAG INDL INC | — | — | — | — | 281K | 160K | $6M |
| COLDAMERICOLD REALTY TRUST INC | — | — | — | — | 655K | 385K | $5M |
| EPRTESSENTIAL PPTYS RLTY TR INC | — | — | — | — | — | 153K | $5M |
| HIWHIGHWOODS PPTYS INC | — | — | — | — | 508K | 172K | $4M |
| KRCKILROY RLTY CORP | — | — | — | — | — | 107K | $4M |
| CUBECUBESMART | — | — | — | — | — | 110K | $4M |
| EXREXTRA SPACE STORAGE INC | — | — | — | — | 113K | 29K | $4M |
| CDPCOPT DEFENSE PROPERTIES | — | — | — | — | — | 130K | $4M |
| AREALEXANDRIA REAL ESTATE EQ IN | — | — | — | — | 140K | 67K | $3M |
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.
