Q4 2025 Holdings
Filed 2026-02-13 | 54 holdings | $1.4B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Welltower Inc(WELL) | COM | 95040Q104 | $165.7M | 892,711 | 11.7% |
| Prologis Inc.(PLD) | COM | 74340W103 | $130.8M | 1,024,250 | 9.2% |
| Equinix Inc(EQIX) | COM | 29444U700 | $103.6M | 135,246 | 7.3% |
| Ventas Inc(VTR) | COM | 92276F100 | $68.9M | 890,047 | 4.8% |
| Simon Ppty Group Inc New(SPG) | COM | 828806109 | $67.0M | 362,194 | 4.7% |
| Mid-Amer APT Cmntys Inc(MAA) | COM | 59522J103 | $52.9M | 381,035 | 3.7% |
| Brixmor Ppty Group Inc(BRX) | COM | 11120U105 | $48.5M | 1,849,851 | 3.4% |
| Equity Residential(EQR) | SH BEN INT | 29476L107 | $48.0M | 760,684 | 3.4% |
| Public Storage Oper Co(PSA) | COM | 74460D109 | $44.3M | 170,846 | 3.1% |
| Realty Income Corp(O) | COM | 756109104 | $41.8M | 741,449 | 2.9% |
| Acadia Rlty TR(AKR) | COM SH BEN INT | 004239109 | $41.7M | 2,032,412 | 2.9% |
| Iron MTN Inc del(IRM) | COM | 46284V101 | $40.7M | 490,548 | 2.9% |
| Digital Rlty TR Inc(DLR) | COM | 253868103 | $35.5M | 229,520 | 2.5% |
| Ryman Hospitality Pptys Inc(RHP) | COM | 78377T107 | $34.5M | 364,735 | 2.4% |
| Essex Ppty TR Inc(ESS) | COM | 297178105 | $34.3M | 131,174 | 2.4% |
| Stag Indl Inc(STAG) | COM | 85254J102 | $33.6M | 912,904 | 2.4% |
| Invitation Homes Inc(INVH) | COM | 46187W107 | $32.5M | 1,168,123 | 2.3% |
| Cubesmart(CUBE) | COM | 229663109 | $30.3M | 840,570 | 2.1% |
| First Indl Rlty TR Inc(FR) | COM | 32054K103 | $29.6M | 516,256 | 2.1% |
| Cousins Pptys Inc(CUZ) | COM NEW | 222795502 | $29.1M | 1,128,612 | 2.0% |
| Gaming & Leisure Pptys Inc(GLPI) | COM | 36467J108 | $26.0M | 582,719 | 1.8% |
| Agree Rlty Corp(ADC) | COM | 008492100 | $25.4M | 352,980 | 1.8% |
| Netstreit Corp(NTST) | COM | 64119V303 | $24.6M | 1,396,293 | 1.7% |
| Healthpeak Properties Inc(DOC) | COM | 42250P103 | $22.5M | 1,398,494 | 1.6% |
| Broadstone NET Lease Inc(BNL) | COM | 11135E203 | $22.4M | 1,289,541 | 1.6% |
| Omega Healthcare Invs Inc(OHI) | COM | 681936100 | $20.7M | 466,944 | 1.5% |
| Extra Space Storage Inc(EXR) | COM | 30225T102 | $20.1M | 154,501 | 1.4% |
| Equity Lifestyle Pptys Inc(ELS) | COM | 29472R108 | $17.2M | 283,971 | 1.2% |
| SL Green Rlty Corp(SLG) | COM | 78440X887 | $14.8M | 323,735 | 1.0% |
| Outfront Media Inc(OUT) | COM NEW | 69007J304 | $14.1M | 583,513 | 1.0% |
| CTO Rlty Growth Inc New(CTO) | COM | 22948Q101 | $13.0M | 708,851 | 0.9% |
| Avalonbay Cmntys Inc(AVB) | COM | 053484101 | $12.0M | 66,269 | 0.8% |
| American Tower Corp New(AMT) | COM | 03027X100 | $11.8M | 67,339 | 0.8% |
| Highwoods Pptys Inc(HIW) | COM | 431284108 | $11.2M | 435,339 | 0.8% |
| Americold Realty Trust Inc(COLD) | COM | 03064D108 | $10.3M | 800,750 | 0.7% |
| SBA Communications Corp New(SBAC) | CL A | 78410G104 | $10.0M | 51,690 | 0.7% |
| SUN Cmntys Inc(SUI) | COM | 866674104 | $8.8M | 71,360 | 0.6% |
| Park Hotels & Resorts Inc(PK) | COM | 700517105 | $7.0M | 667,204 | 0.5% |
| Weyerhaeuser Co MTN BE(WY) | COM NEW | 962166104 | $4.1M | 174,600 | 0.3% |
| Alexandria Real Estate EQ in(ARE) | COM | 015271109 | $3.3M | 67,593 | 0.2% |
| WP Carey Inc(WPC) | COM | 92936U109 | $2.4M | 36,987 | 0.2% |
| Four Corners Ppty TR Inc(FCPT) | COM | 35086T109 | $1.7M | 72,097 | 0.1% |
| EPR Pptys | CONV PFD 9% SR E | 26884U307 | $513.0K | 17,147 | 0.0% |
| Pebblebrook Hotel TR(PEB) | COM | 70509V100 | $413.1K | 36,494 | 0.0% |
| Healthcare Rlty TR(HR) | CL A COM | 42226K105 | $399.0K | 23,540 | 0.0% |
| Rexford Indl Rlty Inc(REXR) | COM | 76169C100 | $396.2K | 10,232 | 0.0% |
| Veris Residential Inc(VRE) | COM | 554489104 | $391.9K | 26,336 | 0.0% |
| Federal Rlty Invt TR New(FRT) | SH BEN INT NEW | 313745101 | $390.4K | 3,873 | 0.0% |
| BXP Inc(BXP) | COM | 101121101 | $386.3K | 5,725 | 0.0% |
| Empire ST Rlty TR Inc(ESRT) | CL A | 292104106 | $385.9K | 59,186 | 0.0% |