Q4 2025 Holdings
Filed 2026-02-17 | 33 holdings | $1.1B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Equinix Inc(EQIX) | COM | 29444U700 | $80.5M | 105,044 | 7.2% |
| Outfront Media Inc(OUT) | COM NEW | 69007J304 | $79.2M | 3,286,607 | 7.1% |
| Wyndham Hotels & Resorts Inc(WH) | COM | 98311A105 | $68.5M | 906,144 | 6.1% |
| Ryman Hospitality Pptys Inc(RHP) | COM | 78377T107 | $68.0M | 719,104 | 6.1% |
| Crown Castle Inc(CCI) | COM | 22822V101 | $61.6M | 693,012 | 5.5% |
| Caretrust REIT Inc(CTRE) | COM | 14174T107 | $60.0M | 1,658,698 | 5.4% |
| American Healthcare REIT Inc(AHR) | COM SHS | 398182303 | $54.8M | 1,164,327 | 4.9% |
| Lineage Inc(LINE) | COM | 53566V106 | $53.0M | 1,515,244 | 4.8% |
| SBA Communications Corp New(SBAC) | CL A | 78410G104 | $51.1M | 264,256 | 4.6% |
| Regency Ctrs Corp(REG) | COM | 758849103 | $47.9M | 694,169 | 4.3% |
| Digitalbridge Group Inc(DBRG) | CL A NEW | 25401T603 | $39.5M | 2,571,868 | 3.5% |
| Camden Ppty TR(CPT) | SH BEN INT | 133131102 | $38.0M | 345,599 | 3.4% |
| Curbline Pptys Corp(CURB) | COM | 23128Q101 | $37.1M | 1,599,883 | 3.3% |
| Pursuit Attractions and Hosp(PRSU) | COM | 92552R406 | $36.4M | 1,079,979 | 3.3% |
| Federal Rlty Invt TR New(FRT) | SH BEN INT NEW | 313745101 | $34.8M | 344,990 | 3.1% |
| Meritage Homes Corp(MTH) | COM | 59001A102 | $33.9M | 514,743 | 3.0% |
| Macerich Co(MAC) | COM | 554382101 | $33.2M | 1,797,730 | 3.0% |
| UDR Inc(UDR) | COM | 902653104 | $32.9M | 896,430 | 2.9% |
| Norwegian Cruise Line Hldg L(NCLH) | SHS | G66721104 | $31.6M | 1,415,073 | 2.8% |
| Copt Defense Properties(CDP) | SHS BEN INT | 22002T108 | $29.0M | 1,042,348 | 2.6% |
| Vornado Rlty TR(VNO) | SH BEN INT | 929042109 | $28.2M | 848,689 | 2.5% |
| Welltower Inc(WELL) | COM | 95040Q104 | $27.1M | 145,803 | 2.4% |
| Highwoods Pptys Inc(HIW) | COM | 431284108 | $25.3M | 981,523 | 2.3% |
| Rocket COS Inc(RKT) | COM CL A | 77311W101 | $23.6M | 1,219,127 | 2.1% |
| Tanger Inc(SKT) | COM | 875465106 | $23.2M | 694,827 | 2.1% |
| Ventas Inc(VTR) | COM | 92276F100 | $2.9M | 37,287 | 0.3% |
| Digital Rlty TR Inc(DLR) | COM | 253868103 | $2.5M | 16,064 | 0.2% |
| Invitation Homes Inc(INVH) | COM | 46187W107 | $2.4M | 84,578 | 0.2% |
| Gaming & Leisure Pptys Inc(GLPI) | COM | 36467J108 | $2.1M | 46,885 | 0.2% |
| Cubesmart(CUBE) | COM | 229663109 | $2.0M | 56,153 | 0.2% |
| Vail Resorts Inc(MTN) | COM | 91879Q109 | $2.0M | 14,977 | 0.2% |
| Jones Lang Lasalle Inc(JLL) | COM | 48020Q107 | $1.3M | 3,926 | 0.1% |
| Cbre Group Inc(CBRE) | CL A | 12504L109 | $1.2M | 7,329 | 0.1% |