Q4 2025 Holdings
Filed 2026-02-17 | 41 holdings | $4.5B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Welltower Inc(WELL) | COM | 95040Q104 | $662.9M | 3,571,378 | 14.7% |
| Equinix Inc(EQIX) | COM | 29444U700 | $430.4M | 561,801 | 9.5% |
| Ventas Inc(VTR) | COM | 92276F100 | $403.5M | 5,214,766 | 8.9% |
| Prologis Inc.(PLD) | COM | 74340W103 | $395.1M | 3,095,169 | 8.7% |
| Simon Ppty Group Inc New(SPG) | COM | 828806109 | $375.1M | 2,026,432 | 8.3% |
| Federal Rlty Invt TR New(FRT) | SH BEN INT NEW | 313745101 | $333.0M | 3,304,051 | 7.4% |
| Digital Rlty TR Inc(DLR) | COM | 253868103 | $309.2M | 1,998,863 | 6.8% |
| Extra Space Storage Inc(EXR) | COM | 30225T102 | $268.5M | 2,062,003 | 5.9% |
| Vornado Rlty TR(VNO) | SH BEN INT | 929042109 | $185.2M | 5,564,135 | 4.1% |
| Essex Ppty TR Inc(ESS) | COM | 297178105 | $179.2M | 684,979 | 4.0% |
| Healthcare Rlty TR(HR) | CL A COM | 42226K105 | $138.0M | 8,141,866 | 3.1% |
| Equity Residential(EQR) | SH BEN INT | 29476L107 | $129.3M | 2,051,012 | 2.9% |
| Equity Lifestyle Pptys Inc(ELS) | COM | 29472R108 | $110.6M | 1,825,483 | 2.4% |
| Terreno Rlty Corp(TRNO) | COM | 88146M101 | $89.4M | 1,522,148 | 2.0% |
| Invitation Homes Inc(INVH) | COM | 46187W107 | $87.9M | 3,163,505 | 1.9% |
| Cousins Pptys Inc(CUZ) | COM NEW | 222795502 | $77.7M | 3,013,820 | 1.7% |
| Avalonbay Cmntys Inc(AVB) | COM | 053484101 | $52.5M | 289,587 | 1.2% |
| Kimco Rlty Corp(KIM) | COM | 49446R109 | $44.3M | 2,186,279 | 1.0% |
| Urban Edge Pptys(UE) | COM | 91704F104 | $43.4M | 2,263,407 | 1.0% |
| Host Hotels & Resorts Inc(HST) | COM | 44107P104 | $35.1M | 1,981,337 | 0.8% |
| Macerich Co(MAC) | COM | 554382101 | $26.6M | 1,442,271 | 0.6% |
| Empire ST Rlty TR Inc(ESRT) | CL A | 292104106 | $18.0M | 2,759,969 | 0.4% |
| Entergy Corp New(ETR) | COM | 29364G103 | $15.7M | 169,320 | 0.3% |
| Kinder Morgan Inc del(KMI) | COM | 49456B101 | $14.0M | 508,735 | 0.3% |
| Alliant Energy Corp(LNT) | COM | 018802108 | $12.9M | 198,428 | 0.3% |
| Spire Inc(SR) | COM | 84857L101 | $11.7M | 141,263 | 0.3% |
| H2o America(HTO) | COM | 784305104 | $11.5M | 234,455 | 0.3% |
| Nisource Inc(NI) | COM | 65473P105 | $11.2M | 268,238 | 0.2% |
| Ameren Corp(AEE) | COM | 023608102 | $9.0M | 89,721 | 0.2% |
| Union PAC Corp(UNP) | COM | 907818108 | $6.4M | 27,560 | 0.1% |
| Xcel Energy Inc(XEL) | COM | 98389B100 | $6.4M | 86,010 | 0.1% |
| Southern Co(SO) | COM | 842587107 | $5.2M | 59,288 | 0.1% |
| Duke Energy Corp New(DUK) | COM NEW | 26441C204 | $4.2M | 35,968 | 0.1% |
| American Tower Corp New(AMT) | COM | 03027X100 | $4.0M | 22,789 | 0.1% |
| WEC Energy Group Inc(WEC) | COM | 92939U106 | $3.9M | 36,636 | 0.1% |
| Public SVC Enterprise GRP in(PEG) | COM | 744573106 | $3.6M | 44,944 | 0.1% |
| Williams COS Inc(WMB) | COM | 969457100 | $3.0M | 49,184 | 0.1% |
| Constellation Energy Corp(CEG) | COM | 21037T109 | $2.5M | 7,102 | 0.1% |
| Pinnacle West Cap Corp(PNW) | COM | 723484101 | $1.8M | 20,135 | 0.0% |
| OGE Energy Corp(OGE) | COM | 670837103 | $1.3M | 30,602 | 0.0% |
| PG&E Corp(PCG) | COM | 69331C108 | $1.2M | 74,890 | 0.0% |