Q2 2025 Holdings
Filed 2025-08-14 | 71 holdings | $376.7M | 13F-HR | View on SEC ↗ · Holdings Table ↗
Sign in to see sub-manager breakdown
| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Essex Ppty TR Inc(ESS) | COM | 297178105 | $26.5M | 93,560 | 7.0% |
| Costar Group Inc(CSGP) | COM | 22160N109 | $22.2M | 276,150 | 5.9% |
| Douglas Emmett Inc(DEI) | COM | 25960P109 | $20.6M | 1,368,443 | 5.5% |
| Apartment Invt & Mgmt Co(AIV) | CL A | 03748R747 | $16.6M | 1,924,818 | 4.4% |
| Hudson PAC Pptys Inc | COM | 444097109 | $15.9M | 5,810,119 | 4.2% |
| Travel Plus Leisure Co(TNL) | COM | 894164102 | $15.2M | 294,890 | 4.0% |
| Nexpoint Residential TR Inc(NXRT) | COM | 65341D102 | $15.0M | 449,691 | 4.0% |
| Cohen & Steers Inc(CNS) | COM | 19247A100 | $14.8M | 197,064 | 3.9% |
| Howard Hughes Holdings Inc(HHH) | COM | 44267T102 | $14.3M | 211,262 | 3.8% |
| Vanguard Index FDS(VNQ)Put | REAL ESTATE ETF | 922908553 | $13.7M | 154,000 | 3.6% |
| Hilton Worldwide Hldgs Inc(HLT) | COM | 43300A203 | $13.7M | 51,474 | 3.6% |
| Invesco Exchange Traded FD T(RSP)Put | S&P500 EQL WGT | 46137V357 | $13.3M | 73,400 | 3.5% |
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $11.4M | 18,500 | 3.0% |
| Brookdale SR Living Inc(BKD) | COM | 112463104 | $10.9M | 1,562,053 | 2.9% |
| Blackstone Inc(BX) | COM | 09260D107 | $10.5M | 70,372 | 2.8% |
| Invesco QQQ TR(QQQ)Put | UNIT SER 1 | 46090E103 | $10.5M | 19,000 | 2.8% |
| Cbre Group Inc(CBRE) | CL A | 12504L109 | $9.0M | 64,259 | 2.4% |
| Hyatt Hotels Corp(H) | COM CL A | 448579102 | $7.9M | 56,314 | 2.1% |
| Mid-Amer APT Cmntys Inc(MAA)Call | COM | 59522J103 | $5.3M | 36,000 | 1.4% |
| Equity Residential(EQR)Call | SH BEN INT | 29476L107 | $5.3M | 78,500 | 1.4% |
| Avalonbay Cmntys Inc(AVB)Call | COM | 053484101 | $4.9M | 23,900 | 1.3% |
| Equinix Inc(EQIX)Call | COM | 29444U700 | $4.9M | 6,100 | 1.3% |
| Equinix Inc(EQIX) | COM | 29444U700 | $4.1M | 5,209 | 1.1% |
| BXP Inc(BXP)Call | COM | 101121101 | $4.1M | 60,800 | 1.1% |
| Blue OWL Capital Inc(OWL)Call | COM CL A | 09581B103 | $4.0M | 207,300 | 1.1% |
| Prologis Inc.(PLD)Call | COM | 74340W103 | $3.9M | 37,200 | 1.0% |
| Simon Ppty Group Inc New(SPG)Call | COM | 828806109 | $3.8M | 23,400 | 1.0% |
| Vornado Rlty TR(VNO)Call | SH BEN INT | 929042109 | $3.7M | 95,500 | 1.0% |
| Ryman Hospitality Pptys Inc(RHP)Call | COM | 78377T107 | $3.3M | 33,000 | 0.9% |
| Camden Ppty TR(CPT)Call | SH BEN INT | 133131102 | $3.1M | 27,500 | 0.8% |
| Alexandria Real Estate EQ in(ARE)Call | COM | 015271109 | $3.0M | 41,000 | 0.8% |
| Brookfield Asset Managmt LTD(BAM) | CL A LMT VTG SHS | 113004105 | $3.0M | 53,697 | 0.8% |
| Apollo Global Mgmt Inc(APO)Call | COM | 03769M106 | $3.0M | 20,800 | 0.8% |
| Essex Ppty TR Inc(ESS)Call | COM | 297178105 | $2.8M | 9,900 | 0.7% |
| Camden Ppty TR(CPT) | SH BEN INT | 133131102 | $2.7M | 24,124 | 0.7% |
| Apartment Invt & Mgmt Co(AIV)Call | CL A | 03748R747 | $2.5M | 288,700 | 0.7% |
| Jones Lang Lasalle Inc(JLL)Call | COM | 48020Q107 | $2.5M | 9,700 | 0.7% |
| Cbre Group Inc(CBRE)Call | CL A | 12504L109 | $2.4M | 17,400 | 0.6% |
| Douglas Emmett Inc(DEI)Call | COM | 25960P109 | $2.4M | 160,000 | 0.6% |
| SL Green Rlty Corp(SLG)Call | COM | 78440X887 | $2.4M | 38,600 | 0.6% |
| Kilroy Rlty Corp(KRC)Call | COM | 49427F108 | $2.3M | 66,400 | 0.6% |
| Healthpeak Properties Inc(DOC)Call | COM | 42250P103 | $2.3M | 130,000 | 0.6% |
| SUN Cmntys Inc(SUI)Call | COM | 866674104 | $2.2M | 17,400 | 0.6% |
| Ventas Inc(VTR)Call | COM | 92276F100 | $2.2M | 34,800 | 0.6% |
| Tanger Inc(SKT)Call | COM | 875465106 | $2.1M | 70,000 | 0.6% |
| Public Storage Oper Co(PSA)Call | COM | 74460D109 | $2.1M | 7,200 | 0.6% |
| Omega Healthcare Invs Inc(OHI)Call | COM | 681936100 | $2.1M | 57,500 | 0.6% |
| Hilton Worldwide Hldgs Inc(HLT)Call | COM | 43300A203 | $1.9M | 7,100 | 0.5% |
| Brookfield Corp(BN)Call | CL A LTD VT SH | 11271J107 | $1.7M | 27,000 | 0.4% |
| Vail Resorts Inc(MTN)Call | COM | 91879Q109 | $1.7M | 10,600 | 0.4% |