Q2 2025 Holdings
Filed 2025-08-13 | 29 holdings | $1.6B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Hyatt Hotels Corp(H) | COM CL A | 448579102 | $128.6M | 921,222 | 8.3% |
| Wyndham Hotels & Resorts Inc(WH) | COM | 98311A105 | $122.3M | 1,505,781 | 7.9% |
| International Game Technolog(BRSL) | SHS USD | G4863A108 | $119.6M | 7,566,764 | 7.7% |
| Camden Ppty TR(CPT) | SH BEN INT | 133131102 | $115.3M | 1,022,742 | 7.4% |
| SIX Flags Entertainment Corp(FUN) | COM | 83001C108 | $100.3M | 3,296,660 | 6.5% |
| Independence Rlty TR Inc(IRT) | COM | 45378A106 | $97.3M | 5,500,502 | 6.3% |
| D R Horton Inc(DHI) | COM | 23331A109 | $96.0M | 744,637 | 6.2% |
| Taylor Morrison Home Corp(TMHC) | COM | 87724P106 | $95.9M | 1,561,586 | 6.2% |
| National Storage Affiliates(NSA) | COM SHS BEN IN | 637870106 | $79.9M | 2,498,789 | 5.2% |
| Toll Brothers Inc(TOL) | COM | 889478103 | $73.3M | 641,844 | 4.7% |
| JBG Smith Pptys(JBGS) | COM | 46590V100 | $66.3M | 3,834,033 | 4.3% |
| TPG RE FIN TR Inc(TRTX) | COM | 87266M107 | $56.4M | 7,303,626 | 3.6% |
| Hilton Grand Vacations Inc(HGV) | COM | 43283X105 | $54.4M | 1,310,726 | 3.5% |
| Jones Lang Lasalle Inc(JLL) | COM | 48020Q107 | $51.4M | 200,837 | 3.3% |
| Summit Hotel Pptys Inc(INN) | COM | 866082100 | $47.8M | 9,400,000 | 3.1% |
| RED Rock Resorts Inc(RRR) | CL A | 75700L108 | $47.0M | 902,644 | 3.0% |
| Simon Ppty Group Inc New(SPG) | COM | 828806109 | $33.5M | 208,500 | 2.2% |
| International Game Technolog(BRSL)Call | SHS USD | G4863A108 | $31.6M | 2,000,000 | 2.0% |
| Kilroy Rlty Corp(KRC) | COM | 49427F108 | $26.9M | 785,140 | 1.7% |
| Meritage Homes Corp(MTH) | COM | 59001A102 | $18.6M | 278,334 | 1.2% |
| Apartment Invt & Mgmt Co(AIV) | CL A | 03748R747 | $14.7M | 1,697,757 | 0.9% |
| Mid-Amer APT Cmntys Inc(MAA) | COM | 59522J103 | $14.0M | 94,417 | 0.9% |
| Paramount Group Inc(6PM) | COM | 69924R108 | $13.9M | 2,282,871 | 0.9% |
| Digitalbridge Group Inc(DBRG) | CL A NEW | 25401T603 | $13.7M | 1,328,167 | 0.9% |
| M/I Homes Inc(MHO) | COM | 55305B101 | $13.7M | 122,140 | 0.9% |
| Smartrent Inc(SMRT) | COM CL A | 83193G107 | $10.0M | 10,066,093 | 0.6% |
| Prologis Inc.(PLD) | COM | 74340W103 | $3.6M | 34,550 | 0.2% |
| Caesars Entertainment Inc NE(CZR) | COM | 12769G100 | $2.6M | 90,773 | 0.2% |
| LXP Industrial Trust(LXPUSD) | COM | 529043101 | $1.2M | 150,000 | 0.1% |