Q3 2025 Holdings
Filed 2025-11-14 | 39 holdings | $324.6M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Agree Rlty Corp(ADC) | COM | 008492100 | $22.7M | 318,916 | 7.0% |
| Meritage Homes Corp(MTH) | COM | 59001A102 | $20.1M | 277,782 | 6.2% |
| Phillips Edison & Co Inc(PECO) | COMMON STOCK | 71844V201 | $19.7M | 573,661 | 6.1% |
| Avalonbay Cmntys Inc(AVB) | COM | 053484101 | $18.0M | 92,957 | 5.5% |
| Essex Ppty TR Inc(ESS) | COM | 297178105 | $16.5M | 61,503 | 5.1% |
| Four Corners Ppty TR Inc(FCPT) | COM | 35086T109 | $16.1M | 658,446 | 4.9% |
| Equity Lifestyle Pptys Inc(ELS) | COM | 29472R108 | $13.2M | 216,932 | 4.1% |
| Diamondrock Hospitality Co(DRH) | COM | 252784301 | $13.2M | 1,654,026 | 4.1% |
| TRI Pointe Homes Inc(TPH) | COM | 87265H109 | $12.7M | 373,186 | 3.9% |
| Wyndham Hotels & Resorts Inc(WH) | COM | 98311A105 | $12.5M | 156,745 | 3.9% |
| Choice Hotels Intl Inc(CHH) | COM | 169905106 | $12.3M | 115,208 | 3.8% |
| Gaming & Leisure Pptys Inc(GLPI) | COM | 36467J108 | $11.4M | 244,477 | 3.5% |
| UDR Inc(UDR) | COM | 902653104 | $10.7M | 287,352 | 3.3% |
| Public Storage Oper Co(PSA) | COM | 74460D109 | $10.5M | 36,269 | 3.2% |
| Lennar Corp(LEN) | CL A | 526057104 | $9.6M | 75,833 | 2.9% |
| American Homes 4 Rent(AMH) | CL A | 02665T306 | $8.9M | 268,933 | 2.8% |
| Equity Residential(EQR) | SH BEN INT | 29476L107 | $7.6M | 116,977 | 2.3% |
| First Indl Rlty TR Inc(FR) | COM | 32054K103 | $7.3M | 142,532 | 2.3% |
| SBA Communications Corp New(SBAC) | CL A | 78410G104 | $7.1M | 36,573 | 2.2% |
| Cubesmart(CUBE) | COM | 229663109 | $7.0M | 172,146 | 2.2% |
| Broadstone NET Lease Inc(BNL) | COM | 11135E203 | $6.8M | 379,369 | 2.1% |
| American Tower Corp New(AMT) | COM | 03027X100 | $6.7M | 34,950 | 2.1% |
| Ryman Hospitality Pptys Inc(RHP) | COM | 78377T107 | $6.6M | 73,596 | 2.0% |
| NNN REIT Inc(NNN) | COM | 637417106 | $6.1M | 143,336 | 1.9% |
| Independence Rlty TR Inc(IRT) | COM | 45378A106 | $5.7M | 347,461 | 1.8% |
| Federal Rlty Invt TR New(FRT) | SH BEN INT NEW | 313745101 | $5.3M | 51,956 | 1.6% |
| Vici Pptys Inc(VICI) | COM | 925652109 | $4.5M | 139,339 | 1.4% |
| Healthpeak Properties Inc(DOC) | COM | 42250P103 | $4.2M | 218,281 | 1.3% |
| Equinix Inc(EQIX) | COM | 29444U700 | $4.0M | 5,048 | 1.2% |
| Invitation Homes Inc(INVH) | COM | 46187W107 | $3.5M | 118,590 | 1.1% |
| Crown Castle Inc(CCI) | COM | 22822V101 | $2.1M | 22,212 | 0.7% |
| Digital Rlty TR Inc(DLR) | COM | 253868103 | $2.1M | 12,315 | 0.7% |
| Extra Space Storage Inc(EXR) | COM | 30225T102 | $2.1M | 14,935 | 0.6% |
| Prologis Inc.(PLD) | COM | 74340W103 | $2.1M | 18,120 | 0.6% |
| SUN Cmntys Inc(SUI) | COM | 866674104 | $2.0M | 15,586 | 0.6% |
| Eastgroup Pptys Inc(EGP) | COM | 277276101 | $1.7M | 10,284 | 0.5% |
| National Health Invs Inc(NHI) | COM | 63633D104 | $1.5M | 18,685 | 0.5% |
| Sila Realty Trust Inc(SILA) | COMMON STOCK | 146280508 | $590.3K | 23,517 | 0.2% |
| Elme Communities(ELME) | SH BEN INT | 939653101 | $180.3K | 10,696 | 0.1% |