Q3 2025 Holdings
Filed 2025-11-14 | 28 holdings | $1.4B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Camden Ppty TR(CPT) | SH BEN INT | 133131102 | $207.8M | 1,945,698 | 15.0% |
| Independence Rlty TR Inc(IRT) | COM | 45378A106 | $201.6M | 12,301,684 | 14.6% |
| James Hardie Inds PLC(JHX) | ORD SHS | G4253H101 | $139.2M | 7,247,811 | 10.1% |
| National Storage Affiliates(NSA) | COM SHS BEN IN | 637870106 | $116.2M | 3,846,289 | 8.4% |
| Americold Realty Trust Inc(COLD) | COM | 03064D108 | $94.9M | 7,756,293 | 6.9% |
| Taylor Morrison Home Corp(TMHC) | COM | 87724P106 | $91.1M | 1,379,577 | 6.6% |
| JBG Smith Pptys(JBGS) | COM | 46590V100 | $71.8M | 3,228,894 | 5.2% |
| TPG RE FIN TR Inc(TRTX) | COM | 87266M107 | $59.1M | 6,898,626 | 4.3% |
| American Homes 4 Rent(AMH) | CL A | 02665T306 | $52.0M | 1,563,780 | 3.8% |
| Summit Hotel Pptys Inc(INN) | COM | 866082100 | $51.6M | 9,400,000 | 3.7% |
| Hyatt Hotels Corp(H) | COM CL A | 448579102 | $45.1M | 317,589 | 3.3% |
| LXP Industrial Trust(LXPUSD) | COM | 529043101 | $34.0M | 3,800,000 | 2.5% |
| M/I Homes Inc(MHO) | COM | 55305B101 | $32.9M | 227,597 | 2.4% |
| Hilton Grand Vacations Inc(HGV) | COM | 43283X105 | $27.1M | 648,021 | 2.0% |
| Caesars Entertainment Inc NE(CZR) | COM | 12769G100 | $25.9M | 959,175 | 1.9% |
| Equity Lifestyle Pptys Inc(ELS) | COM | 29472R108 | $21.5M | 354,911 | 1.6% |
| KKR Real Estate FIN TR Inc(KREF) | COM | 48251K100 | $20.9M | 2,321,672 | 1.5% |
| Nexpoint Residential TR Inc(NXRT) | COM | 65341D102 | $17.5M | 544,089 | 1.3% |
| Centerspace(CSR) | COM | 15202L107 | $12.6M | 213,463 | 0.9% |
| Compass Inc(COMP) | CL A | 20464U100 | $12.4M | 1,550,000 | 0.9% |
| Plymouth Indl REIT Inc(PLYM) | COM | 729640102 | $11.0M | 492,468 | 0.8% |
| Mid-Amer APT Cmntys Inc(MAA) | COM | 59522J103 | $9.4M | 67,543 | 0.7% |
| Smartrent Inc(SMRT) | COM CL A | 83193G107 | $8.6M | 6,066,093 | 0.6% |
| SIX Flags Entertainment Corp(FUN) | COM | 83001C108 | $6.6M | 290,000 | 0.5% |
| Sunstone Hotel Invs Inc New(SHO) | COM | 867892101 | $4.5M | 485,237 | 0.3% |
| Meritage Homes Corp(MTH) | COM | 59001A102 | $3.4M | 46,500 | 0.2% |
| Equity Residential(EQR) | SH BEN INT | 29476L107 | $1.3M | 20,037 | 0.1% |
| Prologis Inc.(PLD) | COM | 74340W103 | $379.7K | 3,316 | 0.0% |