Q3 2025 Holdings
Filed 2025-11-14 | 31 holdings | $1.1B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Crown Castle Inc(CCI) | COM | 22822V101 | $124.9M | 1,294,803 | 11.7% |
| Vail Resorts Inc(MTN) | COM | 91879Q109 | $67.6M | 452,114 | 6.3% |
| Federal Rlty Invt TR New(FRT) | SH BEN INT NEW | 313745101 | $66.4M | 655,162 | 6.2% |
| Highwoods Pptys Inc(HIW) | COM | 431284108 | $65.1M | 2,046,809 | 6.1% |
| Equinix Inc(EQIX) | COM | 29444U700 | $63.4M | 80,895 | 5.9% |
| Hyatt Hotels Corp(H) | COM CL A | 448579102 | $62.4M | 439,810 | 5.8% |
| American Healthcare REIT Inc(AHR) | COM SHS | 398182303 | $62.2M | 1,480,722 | 5.8% |
| Caretrust REIT Inc(CTRE) | COM | 14174T107 | $53.8M | 1,550,583 | 5.0% |
| Curbline Pptys Corp(CURB) | COM | 23128Q101 | $53.6M | 2,402,558 | 5.0% |
| Ryman Hospitality Pptys Inc(RHP) | COM | 78377T107 | $45.8M | 511,078 | 4.3% |
| Outfront Media Inc(OUT) | COM NEW | 69007J304 | $45.2M | 2,468,232 | 4.2% |
| Lineage Inc(LINE) | COM | 53566V106 | $42.7M | 1,105,351 | 4.0% |
| Tanger Inc(SKT) | COM | 875465106 | $39.9M | 1,178,942 | 3.7% |
| Norwegian Cruise Line Hldg L(NCLH) | SHS | G66721104 | $34.2M | 1,390,358 | 3.2% |
| Vornado Rlty TR(VNO) | SH BEN INT | 929042109 | $32.1M | 791,560 | 3.0% |
| Pursuit Attractions and Hosp(PRSU) | COM | 92552R406 | $28.5M | 787,930 | 2.7% |
| Toll Brothers Inc(TOL) | COM | 889478103 | $28.4M | 205,612 | 2.7% |
| Copt Defense Properties(CDP) | SHS BEN INT | 22002T108 | $28.4M | 977,264 | 2.7% |
| Welltower Inc(WELL) | COM | 95040Q104 | $23.8M | 133,616 | 2.2% |
| Pulte Group Inc(PHM) | COM | 745867101 | $19.5M | 147,637 | 1.8% |
| Jones Lang Lasalle Inc(JLL) | COM | 48020Q107 | $18.7M | 62,554 | 1.7% |
| Cbre Group Inc(CBRE) | CL A | 12504L109 | $18.4M | 116,793 | 1.7% |
| Digital Rlty TR Inc(DLR) | COM | 253868103 | $18.0M | 104,375 | 1.7% |
| Carnival Corp(CCL) | UNIT 99/99/9999 | 143658300 | $11.5M | 399,186 | 1.1% |
| Ventas Inc(VTR) | COM | 92276F100 | $2.6M | 37,287 | 0.2% |
| Cubesmart(CUBE) | COM | 229663109 | $2.3M | 56,153 | 0.2% |
| Invitation Homes Inc(INVH) | COM | 46187W107 | $2.3M | 77,407 | 0.2% |
| Gaming & Leisure Pptys Inc(GLPI) | COM | 36467J108 | $2.2M | 46,885 | 0.2% |
| SBA Communications Corp New(SBAC) | CL A | 78410G104 | $2.1M | 10,835 | 0.2% |
| UDR Inc(UDR) | COM | 902653104 | $1.9M | 51,016 | 0.2% |
| Wyndham Hotels & Resorts Inc(WH) | COM | 98311A105 | $403.2K | 5,046 | 0.0% |