Q4 2025 Holdings
Filed 2026-02-18 | 42 holdings | $1.5B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Welltower Inc.(WELL) | COM | 95040Q104 | $186.7M | 1,005,930 | 12.6% |
| ProLogis Inc.(PLD) | COM | 74340W103 | $169.8M | 1,330,380 | 11.4% |
| Equinix Inc.(EQIX) | COM | 29444U700 | $97.9M | 127,773 | 6.6% |
| Simon Property Group, Inc.(SPG) | COM | 828806109 | $89.4M | 483,043 | 6.0% |
| Digital Realty Trust(DLR) | COM | 253868103 | $73.7M | 476,430 | 5.0% |
| Realty Income(O) | COM | 756109104 | $68.2M | 1,210,086 | 4.6% |
| Public Storage(PSA) | COM | 74460D109 | $62.6M | 241,215 | 4.2% |
| AvalonBay Communities, Inc.(AVB) | COM | 053484101 | $57.6M | 317,906 | 3.9% |
| Equity Residential(EQR) | COM | 29476L107 | $53.9M | 855,472 | 3.6% |
| Ventas, Inc.(VTR) | COM | 92276F100 | $53.8M | 695,237 | 3.6% |
| Brookdale Senior Living(BKD) | COM | 112463104 | $50.5M | 1,088,545 | 3.4% |
| Vici Properties(VICI) | COM | 925652109 | $41.9M | 1,490,427 | 2.8% |
| American Homes 4 Rent(AMH) | COM | 02665T306 | $41.7M | 1,300,347 | 2.8% |
| Kimco Realty Corp.(KIM) | COM | 49446R109 | $40.1M | 1,979,607 | 2.7% |
| Equity Lifestyle Properties(ELS) | COM | 29472R108 | $35.1M | 579,880 | 2.4% |
| Brixmor Property Group(BRX) | COM | 11120U105 | $33.0M | 1,256,794 | 2.2% |
| Agree Realty Corporation(ADC) | COM | 008492100 | $31.6M | 438,415 | 2.1% |
| Extra Space Storage, Inc.(EXR) | COM | 30225T102 | $28.8M | 221,431 | 1.9% |
| Iron Mountain(IRM) | COM | 46284V101 | $28.1M | 339,227 | 1.9% |
| Vornado Realty Trust(VNO) | COM | 929042109 | $21.6M | 647,857 | 1.5% |
| Alexandria Real Estate Equitie(ARE) | COM | 015271109 | $19.4M | 397,289 | 1.3% |
| Hilton, Inc.(HLT) | COM | 43300A203 | $19.4M | 67,494 | 1.3% |
| Cbre Group(CBRE) | COM | 12504L109 | $17.5M | 109,094 | 1.2% |
| Ryman Hospitality Properties(RHP) | COM | 78377T107 | $17.4M | 184,398 | 1.2% |
| Mid-America Apartment Communit(MAA) | COM | 59522J103 | $16.1M | 115,761 | 1.1% |
| Caretrust REIT Inc(CTRE) | COM | 14174T107 | $14.2M | 391,935 | 1.0% |
| Eastgroup Properties(EGP) | COM | 277276101 | $12.1M | 67,903 | 0.8% |
| Veris Residential, Inc.(VRE) | COM | 554489104 | $11.0M | 737,176 | 0.7% |
| American Tower Corp.(AMT) | COM | 03027X100 | $10.0M | 56,840 | 0.7% |
| First Industrial Realty Trust,(FR) | COM | 32054K103 | $9.6M | 474,066 | 0.6% |
| Inventrust Properties(IVT) | COM | 46124J201 | $9.3M | 329,783 | 0.6% |
| Americold Realty Trust(COLD) | COM | 03064D108 | $8.6M | 670,301 | 0.6% |
| Essential Properties Realty(EPRT) | COM | 29670E107 | $8.1M | 411,313 | 0.5% |
| Cousins Properties, Inc.(CUZ) | COM | 222795502 | $7.4M | 285,108 | 0.5% |
| Millrose Properties(MRP) | COM | 601137102 | $6.6M | 220,567 | 0.4% |
| Lamar Advertising Co(LAMR) | COM | 512816109 | $6.2M | 48,651 | 0.4% |
| Kilroy Realty(KRC) | COM | 49427F108 | $5.1M | 136,904 | 0.3% |
| BXP, Inc.(BXP) | COM | 101121101 | $5.1M | 75,363 | 0.3% |
| Centerspace(CSR) | COM | 15202L107 | $4.8M | 72,059 | 0.3% |
| SL Green Realty Corp.(SLG) | COM | 78440X887 | $4.4M | 96,825 | 0.3% |
| Crown Castle Inc(CCI) | COM | 22822V101 | $3.6M | 40,940 | 0.2% |
| Potlach Corp(PCH) | COM | 737630103 | $1.9M | 45,393 | 0.1% |