Q4 2025 Holdings
Filed 2026-02-13 | 30 holdings | $851.2M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Americold Realty Trust Inc(COLD) | COM | 03064D108 | $74.9M | 5,824,989 | 8.8% |
| National Storage Affiliates(NSA) | COM SHS BEN IN | 637870106 | $73.1M | 2,591,313 | 8.6% |
| JBG Smith Pptys(JBGS) | COM | 46590V100 | $70.5M | 4,147,399 | 8.3% |
| TPG RE FIN TR Inc(TRTX) | COM | 87266M107 | $60.6M | 7,032,626 | 7.1% |
| Compass Inc(COMP) | CL A | 20464U100 | $52.9M | 5,000,000 | 6.2% |
| Summit Hotel Pptys Inc(INN) | COM | 866082100 | $45.8M | 9,400,000 | 5.4% |
| Prologis Inc.(PLD) | COM | 74340W103 | $44.7M | 350,000 | 5.2% |
| Gaming & Leisure Pptys Inc(GLPI) | COM | 36467J108 | $44.4M | 993,810 | 5.2% |
| Caesars Entertainment Inc NE(CZR) | COM | 12769G100 | $34.6M | 1,479,336 | 4.1% |
| Hilton Grand Vacations Inc(HGV) | COM | 43283X105 | $32.8M | 732,021 | 3.8% |
| Hyatt Hotels Corp(H) | COM CL A | 448579102 | $32.6M | 203,489 | 3.8% |
| United Parks & Resorts Inc(PRKS) | COM | 81282V100 | $31.0M | 855,000 | 3.6% |
| Centerspace(CSR) | COM | 15202L107 | $29.6M | 444,101 | 3.5% |
| Wyndham Hotels & Resorts Inc(WH) | COM | 98311A105 | $25.5M | 337,800 | 3.0% |
| Avalonbay Cmntys Inc(AVB) | COM | 053484101 | $25.4M | 140,000 | 3.0% |
| Nexpoint Residential TR Inc(NXRT) | COM | 65341D102 | $25.4M | 842,870 | 3.0% |
| Alexandria Real Estate EQ in(ARE) | COM | 015271109 | $23.5M | 479,200 | 2.8% |
| Independence Rlty TR Inc(IRT) | COM | 45378A106 | $17.5M | 1,000,578 | 2.1% |
| Trex Co Inc(TREX) | COM | 89531P105 | $17.0M | 484,286 | 2.0% |
| Safehold Inc(SAFE) | COM | 78646V107 | $12.9M | 944,939 | 1.5% |
| KKR Real Estate FIN TR Inc(KREF) | COM | 48251K100 | $12.8M | 1,563,088 | 1.5% |
| Cubesmart(CUBE) | COM | 229663109 | $12.5M | 346,928 | 1.5% |
| Smartrent Inc(SMRT) | COM CL A | 83193G107 | $11.3M | 5,610,150 | 1.3% |
| M/I Homes Inc(MHO) | COM | 55305B101 | $9.1M | 71,096 | 1.1% |
| Lineage Inc(LINE) | COM | 53566V106 | $6.4M | 184,158 | 0.8% |
| SL Green Rlty Corp(SLG) | COM | 78440X887 | $6.3M | 138,230 | 0.7% |
| Camden Ppty TR(CPT) | SH BEN INT | 133131102 | $5.9M | 53,679 | 0.7% |
| Mid-Amer APT Cmntys Inc(MAA) | COM | 59522J103 | $5.5M | 39,723 | 0.6% |
| Sunstone Hotel Invs Inc New(SHO) | COM | 867892101 | $4.3M | 485,237 | 0.5% |
| Veris Residential Inc(VRE) | COM | 554489104 | $2.2M | 150,000 | 0.3% |