Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (17 quarters reported)
$103M in Q4 2018 → $197M now. Hover for any quarter.
As reported for the quarter ended December 31, 2022. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| Prologis Inc. | 7.0% | Trimmed 6.5% | 122,500 | $13.8M |
| BP Brixmor Ppty Group Inc | 6.6% | Trimmed 13% | 575,000 | $13M |
| Healthpeak Properties Inc | 5.5% | Added 2.4% | 435,000 | $10.9M |
| HP Highwoods Pptys Inc | 5.5% | Added 71% | 385,000 | $10.8M |
| RI Rexford Indl Rlty Inc | 5.1% | Added 48% | 185,000 | $10.1M |
| Public Storage | 4.4% | Trimmed 23% | 31,000 | $8.69M |
| EP Essential Pptys Rlty Tr Inc | 4.2% | Added 23% | 350,000 | $8.21M |
| Netstreit Corp | 4.0% | Trimmed 17% | 435,000 | $7.97M |
| SR Spirit Rlty Cap Inc New | 3.9% | Trimmed 5.0% | 190,000 | $7.59M |
| SC Sun Cmntys Inc | 3.8% | Added 5.0% | 52,500 | $7.51M |
| IR Independence Rlty Tr Inc | 3.3% | New | 385,000 | $6.49M |
| SP Simon Ppty Group Inc New | 3.3% | New | 55,000 | $6.46M |
| HR Healthcare Rlty Tr | 2.9% | Trimmed 10% | 300,000 | $5.78M |
| LS Life Storage Inc | 2.8% | Trimmed 8.3% | 55,000 | $5.42M |
| AR Acadia Rlty Tr | 2.7% | Added 1400% | 375,000 | $5.38M |
| SI Stag Indl Inc | 2.5% | Added 100% | 150,000 | $4.85M |
| KR Kite Rlty Group Tr | 2.4% | New | 220,000 | $4.63M |
| Ventas Inc | 2.3% | Unchanged | 100,000 | $4.51M |
| Douglas Emmett Inc | 2.3% | Trimmed 16% | 285,000 | $4.47M |
| Host Hotels & Resorts Inc | 2.2% | Added 22% | 275,000 | $4.41M |
| Broadstone Net Lease Inc | 2.2% | New | 265,000 | $4.3M |
| Wyndham Hotels & Resorts Inc | 2.2% | Trimmed 40% | 60,000 | $4.28M |
| BP Boston Properties Inc | 2.1% | Trimmed 55% | 62,500 | $4.22M |
| Apartment Income REIT Corp | 2.0% | New | 115,000 | $3.95M |
| EP Essex Ppty Tr Inc | 2.0% | Trimmed 65% | 18,500 | $3.92M |
| KR Kilroy Rlty Corp | 2.0% | Trimmed 30% | 100,000 | $3.87M |
| CP Camden Ppty Tr | 1.7% | New | 30,000 | $3.36M |
| DR Digital Rlty Tr Inc | 1.5% | Trimmed 63% | 30,000 | $3.01M |
| SH Sunstone Hotel Invs Inc New | 1.5% | Added 200% | 300,000 | $2.9M |
| RC Regency Ctrs Corp | 1.3% | Trimmed 47% | 40,000 | $2.5M |
| VP Vici Pptys Inc | 1.1% | Trimmed 48% | 65,000 | $2.11M |
| SG Sl Green Rlty Corp | 0.9% | New | 55,000 | $1.85M |
| RH Ryman Hospitality Pptys Inc | 0.9% | Trimmed 44% | 22,500 | $1.84M |
| GR Getty Rlty Corp New | 0.7% | Trimmed 83% | 40,000 | $1.35M |
| ES Empire St Rlty Tr Inc | 0.6% | Trimmed 79% | 180,000 | $1.21M |
| OH Omega Healthcare Invs Inc | 0.4% | Trimmed 70% | 30,000 | $839K |
| IL Industrial Logistics Pptys T | 0.2% | New | 125,000 | $409K |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended December 31, 2022 · filed February 03, 2023
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Invitation Homes Inc | Exited | −215,000 | −$7.26M | — |
| EP Essex Ppty Tr Inc | Trimmed | −34,000 | −$7.21M | 2.0% |
| GR Getty Rlty Corp New | Trimmed | −200,000 | −$6.77M | 0.7% |
| IR Independence Rlty Tr Inc | New | +385,000 | +$6.49M | 3.3% |
| SP Simon Ppty Group Inc New | New | +55,000 | +$6.46M | 3.3% |
| BP Boston Properties Inc | Trimmed | −77,500 | −$5.24M | 2.1% |
| AC Avalonbay Cmntys Inc | Exited | −27,500 | −$5.07M | — |
| AR Acadia Rlty Tr | Added | +350,000 | +$5.02M | 2.7% |
| DR Digital Rlty Tr Inc | Trimmed | −50,000 | −$5.01M | 1.5% |
| KR Kite Rlty Group Tr | New | +220,000 | +$4.63M | 2.4% |
Showing the 10 largest of 47 changes.
quarter ended September 30, 2022 · filed November 14, 2022
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Prologis Inc. | New | +131,000 | +$13.3M | 5.9% |
| Public Storage | New | +40,000 | +$11.7M | 5.2% |
| CP Camden Ppty Tr | Exited | −85,000 | −$11.4M | — |
| Healthpeak Properties Inc | New | +425,000 | +$9.74M | 4.3% |
| EP Essex Ppty Tr Inc | Added | +35,000 | +$8.48M | 5.7% |
| EL Equity Lifestyle Pptys Inc | Exited | −117,500 | −$8.28M | — |
| DR Digital Rlty Tr Inc | New | +80,000 | +$7.93M | 3.5% |
| SR Spirit Rlty Cap Inc New | New | +200,000 | +$7.23M | 3.2% |
| HR Healthcare Rlty Tr | New | +335,000 | +$6.99M | 3.1% |
| SC Sun Cmntys Inc | New | +50,000 | +$6.77M | 3.0% |
Showing the 10 largest of 48 changes.
quarter ended June 30, 2022 · filed August 04, 2022
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Public Storage | Exited | −33,500 | −$13.1M | — |
| CP Camden Ppty Tr | New | +85,000 | +$11.4M | 5.5% |
| AC American Campus Cmntys Inc | Exited | −200,000 | −$11.2M | — |
| Apartment Income REIT Corp | Exited | −200,000 | −$10.7M | — |
| VP Vici Pptys Inc | New | +350,000 | +$10.4M | 5.0% |
| Realty Income Corp | Exited | −145,000 | −$10M | — |
| EL Equity Lifestyle Pptys Inc | New | +117,500 | +$8.28M | 4.0% |
| MG Mgm Growth Pptys LLC | Exited | −190,000 | −$7.35M | — |
| LS Life Storage Inc | Added | +62,500 | +$6.98M | 5.2% |
| AR Alexandria Real Estate Eq In | Exited | −32,500 | −$6.54M | — |
Showing the 10 largest of 46 changes.
quarter ended March 31, 2022 · filed May 10, 2022
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Public Storage | New | +33,500 | +$13.1M | 5.2% |
| Cubesmart | New | +175,000 | +$9.11M | 3.6% |
| KR Kimco Rlty Corp | Exited | −355,000 | −$8.75M | — |
| SR Spirit Rlty Cap Inc New | Exited | −172,500 | −$8.31M | — |
| Host Hotels & Resorts Inc | New | +420,000 | +$8.16M | 3.2% |
| RH Ryman Hospitality Pptys Inc | New | +85,000 | +$7.89M | 3.1% |
| Lennar Corp | Exited | −61,000 | −$7.09M | — |
| EP Essex Ppty Tr Inc | New | +20,000 | +$6.91M | 2.7% |
| AR Alexandria Real Estate Eq In | New | +32,500 | +$6.54M | 2.6% |
| Lxp Industrial Trust | Added | +415,000 | +$6.52M | 3.7% |
Showing the 10 largest of 52 changes.
quarter ended December 31, 2021 · filed February 03, 2022
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| RC Regency Ctrs Corp | Trimmed | −122,500 | −$9.23M | 1.5% |
| KR Kimco Rlty Corp | New | +355,000 | +$8.75M | 4.8% |
| CP Camden Ppty Tr | Exited | −58,500 | −$8.63M | — |
| SR Spirit Rlty Cap Inc New | New | +172,500 | +$8.31M | 4.6% |
| SI Stag Indl Inc | Added | +142,500 | +$6.83M | 6.4% |
| AR Alexandria Real Estate Eq In | Exited | −31,000 | −$5.92M | — |
| Lxp Industrial Trust | Trimmed | −365,000 | −$5.7M | 1.6% |
| IR Independence Rlty Tr Inc | Exited | −265,000 | −$5.39M | — |
| HW Hilton Worldwide Hldgs Inc | Exited | −40,000 | −$5.28M | — |
| Public Storage | Exited | −16,500 | −$4.9M | — |
Showing the 10 largest of 58 changes.
quarter ended September 30, 2021 · filed November 12, 2021
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AC Avalonbay Cmntys Inc | New | +55,000 | +$12.2M | 5.7% |
| RC Regency Ctrs Corp | New | +157,500 | +$10.6M | 5.0% |
| Udr Inc | Trimmed | −142,500 | −$7.55M | 0.6% |
| CP Camden Ppty Tr | Added | +49,500 | +$7.3M | 4.1% |
| NR National Retail Properties I | Trimmed | −165,000 | −$7.13M | 0.7% |
| LR Lexington Realty Trust | New | +550,000 | +$7.01M | 3.3% |
| Welltower Inc | Exited | −78,000 | −$6.48M | — |
| LS Life Storage Inc | New | +52,500 | +$6.02M | 2.8% |
| AR Alexandria Real Estate Eq In | New | +31,000 | +$5.92M | 2.8% |
| Ventas Inc | New | +105,000 | +$5.8M | 2.7% |
Showing the 10 largest of 62 changes.
quarter ended June 30, 2021 · filed August 13, 2021
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| V Vereit Inc | Exited | −280,000 | −$10.8M | — |
| SI Stag Indl Inc | Trimmed | −195,000 | −$7.3M | 1.6% |
| Agree Realty Corp | Exited | −107,500 | −$7.24M | — |
| CP Camden Ppty Tr | Trimmed | −53,000 | −$7.03M | 0.6% |
| MG Mgm Growth Pptys LLC | New | +185,000 | +$6.78M | 3.6% |
| Welltower Inc | New | +78,000 | +$6.48M | 3.4% |
| NR National Retail Properties I | Added | +120,000 | +$5.63M | 5.0% |
| IR Independence Rlty Tr Inc | Trimmed | −295,000 | −$5.38M | 0.7% |
| Wyndham Hotels & Resorts Inc | Exited | −72,500 | −$5.06M | — |
| Realty Income Corp | New | +75,000 | +$5.01M | 2.7% |
Showing the 10 largest of 56 changes.
quarter ended March 31, 2021 · filed May 04, 2021
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Healthpeak Properties Inc | New | +320,000 | +$10.2M | 5.6% |
| AC American Campus Cmntys Inc | New | +193,000 | +$8.33M | 4.6% |
| BP Brixmor Ppty Group Inc | New | +350,000 | +$7.08M | 3.9% |
| CP Camden Ppty Tr | New | +62,000 | +$6.81M | 3.7% |
| Paramount Group Inc | Added | +635,000 | +$6.43M | 4.8% |
| Extra Space Storage Inc | New | +45,000 | +$5.97M | 3.3% |
| HT Healthcare Tr Amer Inc | Exited | −200,000 | −$5.51M | — |
| SR Spirit Rlty Cap Inc New | Exited | −135,000 | −$5.42M | — |
| RC Regency Ctrs Corp | Trimmed | −95,000 | −$5.39M | 2.6% |
| EP Essex Ppty Tr Inc | New | +19,500 | +$5.3M | 2.9% |
Showing the 10 largest of 49 changes.
Loading...
