Q3 2025 Holdings
Filed 2025-11-18 | 150 holdings | $1.3B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↑ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Pebblebrook Hotel TR | 6.375 PFD SER E | 70509V605 | $202.1K | 10,000 | 0.0% |
| Caesars Entertainment Inc NE(CZR)Call | COM | 12769G100 | $356.7K | 13,200 | 0.0% |
| Pebblebrook Hotel TR | 6.3 CUM PFD SR F | 70509V704 | $404.0K | 20,000 | 0.0% |
| Costar Group Inc(CSGP) | COM | 22160N109 | $615.9K | 7,300 | 0.0% |
| Welltower Inc(WELL) | COM | 95040Q104 | $676.9K | 3,800 | 0.1% |
| Vanguard Index FDS(VNQ)Put | REAL ESTATE ETF | 922908553 | $694.8K | 7,600 | 0.1% |
| Canadian Pacific Kansas City(CP) | COM | 13646K108 | $737.5K | 9,900 | 0.1% |
| Equity Lifestyle Pptys Inc(ELS) | COM | 29472R108 | $746.6K | 12,300 | 0.1% |
| Public Storage Oper Co(PSA)Put | COM | 74460D109 | $895.4K | 3,100 | 0.1% |
| SIX Flags Entertainment Corp(FUN) | COM | 83001C108 | $1.0M | 45,000 | 0.1% |
| First Indl Rlty TR Inc(FR) | COM | 32054K103 | $1.1M | 22,300 | 0.1% |
| Kimco Rlty Corp | DP CV CL N 7.25% | 49446R687 | $1.2M | 20,060 | 0.1% |
| Jones Lang Lasalle Inc(JLL) | COM | 48020Q107 | $1.2M | 4,100 | 0.1% |
| Starwood Ppty TR Inc(STWD)Put | COM | 85571B105 | $1.3M | 65,700 | 0.1% |
| Industrial Logistics Pptys T(ILPT) | COM SHS BEN INT | 456237106 | $1.4M | 290,035 | 0.1% |
| Eastgroup Pptys Inc(EGP) | COM | 277276101 | $1.6M | 9,300 | 0.1% |
| Nextnav Inc(NN) | COMMON STOCK | 65345N106 | $1.8M | 124,000 | 0.1% |
| Prologis Inc.(PLD) | COM | 74340W103 | $1.8M | 15,600 | 0.1% |
| Welltower Inc(WELL)Put | COM | 95040Q104 | $2.0M | 11,100 | 0.2% |
| Lamar Advertising Co New(LAMR) | CL A | 512816109 | $2.0M | 16,300 | 0.2% |
| Smartstop Self Storag REIT I(SMA) | COMMON STOCK | 83192D402 | $2.2M | 68,400 | 0.2% |
| Prologis Inc.(PLD)Call | COM | 74340W103 | $2.4M | 20,800 | 0.2% |
| Ishares TR(IWM)Put | RUSSELL 2000 ETF | 464287655 | $2.4M | 9,900 | 0.2% |
| Simon Ppty Group Inc New(SPG)Put | COM | 828806109 | $2.4M | 13,000 | 0.2% |
| Realty Income Corp(O)Put | COM | 756109104 | $2.6M | 42,300 | 0.2% |
| EPR Pptys | CONV PFD 9% SR E | 26884U307 | $2.8M | 89,743 | 0.2% |
| Park Hotels & Resorts Inc(PK) | COM | 700517105 | $3.0M | 268,300 | 0.2% |
| EPR Pptys | PFD C CV 5.75% | 26884U208 | $3.2M | 125,000 | 0.3% |
| Crown Castle Inc(CCI)Call | COM | 22822V101 | $3.3M | 33,700 | 0.3% |
| Apollo Global Mgmt Inc(APO) | COM | 03769M106 | $4.6M | 34,300 | 0.4% |
| Array Digital Infrastructure(AD) | COM | 911684108 | $5.1M | 101,800 | 0.4% |
| Caesars Entertainment Inc NE(CZR) | COM | 12769G100 | $5.3M | 196,200 | 0.4% |
| Whitestone REIT(WSR) | COM | 966084204 | $5.6M | 454,774 | 0.4% |
| Nexpoint Residential TR Inc(NXRT) | COM | 65341D102 | $6.3M | 231,006 | 0.5% |
| Plymouth Indl REIT Inc(PLYM) | COM | 729640102 | $6.4M | 334,802 | 0.5% |
| LXP Industrial Trust(LXPUSD) | COM | 529043101 | $6.8M | 919,900 | 0.5% |
| GCI Liberty Inc(GLIBK) | COM SER C | 36164V800 | $8.3M | 223,600 | 0.7% |
| Gaming & Leisure Pptys Inc(GLPI) | COM | 36467J108 | $8.4M | 179,500 | 0.7% |
| Telephone & Data SYS Inc(TDS) | COM NEW | 879433829 | $8.9M | 226,000 | 0.7% |
| Macerich Co(MAC) | COM | 554382101 | $9.1M | 513,200 | 0.7% |
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $9.2M | 13,800 | 0.7% |
| Veris Residential Inc(VRE) | COM | 554489104 | $9.2M | 605,994 | 0.7% |
| Cbre Group Inc(CBRE) | CL A | 12504L109 | $9.4M | 59,600 | 0.7% |
| Netstreit Corp(NTST) | COM | 64119V303 | $9.6M | 639,817 | 0.8% |
| Outfront Media Inc(OUT) | COM NEW | 69007J304 | $13.4M | 916,200 | 1.1% |
| Kite Rlty Group TR(KRG) | COM NEW | 49803T300 | $13.6M | 652,300 | 1.1% |
| Digital Rlty TR Inc(DLR) | COM | 253868103 | $16.8M | 97,400 | 1.3% |
| Crown Castle Inc(CCI) | COM | 22822V101 | $17.8M | 184,900 | 1.4% |
| Terreno Rlty Corp(TRNO) | COM | 88146M101 | $18.6M | 346,700 | 1.5% |
| Comcast Corp New(CMCSA) | CL A | 20030N101 | $25.9M | 825,509 | 2.1% |