Location: Radnor, PA
CIK: 0001033984 · Show all filings
Period: Q3 2025 (← Previous) (Next →)
Filing Date: Nov 13, 2025
Total Value: $7.013B (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| WELL | Welltower Inc. | 3,043,945 | $542M | 7.7% | — | — | COM | 95040Q104 |
| EQIX | Equinix Inc | 554,879 | $435M | 6.2% | — | — | COM | 29444U700 |
| SPG | Simon Property Group Inc. | 1,366,645 | $256M | 3.7% | — | — | COM | 828806109 |
| PLD | ProLogis Inc. | 2,063,199 | $236M | 3.4% | — | — | COM | 74340W103 |
| VICI | Vici Properties Inc. | 5,656,367 | $184M | 2.6% | — | — | COM | 925652109 |
| EXR | Extra Space Storage Inc. | 1,281,480 | $181M | 2.6% | — | — | COM | 30225T102 |
| UNP | Union Pacific Corp | 736,673 | $174M | 2.5% | — | — | COM | 907818108 |
| O | Realty Income Corp | 2,835,625 | $172M | 2.5% | — | — | COM | 756109104 |
| UDR | UDR Inc. | 4,366,607 | $163M | 2.3% | — | — | COM | 902653104 |
| PPL | PPL Corp. | 4,311,512 | $160M | 2.3% | — | — | COM | 69351T106 |
| XEL | Xcel Energy Inc. | 1,968,459 | $159M | 2.3% | — | — | COM | 98389B100 |
| NEE | Nextera Energy Inc | 2,058,905 | $155M | 2.2% | — | — | COM | 65339F101 |
| WEC | WEC Energy Group Inc. | 1,239,002 | $142M | 2.0% | — | — | COM | 92939U106 |
| REG | Regency Centers Corporation | 1,913,302 | $139M | 2.0% | — | — | COM | 758849103 |
| STAG | STAG Industrial, Inc. | 3,911,540 | $138M | 2.0% | — | — | COM | 85254J102 |
| CUBE | CubeSmart | 3,364,619 | $137M | 2.0% | — | — | COM | 229663109 |
| IRM | Iron Mountain Incorporated | 1,269,467 | $129M | 1.8% | — | — | COM | 46284V101 |
| LNG | Cheniere Energy Inc. | 547,545 | $129M | 1.8% | — | — | COM | 16411R208 |
| AMT | American Tower Corp. | 663,835 | $128M | 1.8% | — | — | COM | 03027X100 |
| FR | First Industrial Realty Trust | 2,438,012 | $125M | 1.8% | — | — | COM | 32054K103 |
| ATO | Atmos Energy Corp. | 734,141 | $125M | 1.8% | — | — | COM | 049560105 |
| BRX | Brixmor Property Group | 4,523,434 | $125M | 1.8% | — | — | COM | 11120U105 |
| VTR | Ventas Inc. | 1,750,598 | $123M | 1.7% | — | — | COM | 92276F100 |
| PEG | Public Service Enterprise Grou | 1,410,149 | $118M | 1.7% | — | — | COM | 744573106 |
| EGP | Eastgroup Properties | 676,594 | $115M | 1.6% | — | — | COM | 277276101 |
| WMB | Williams Cos. | 1,790,329 | $113M | 1.6% | — | — | COM | 969457100 |
| ETR | Entergy Corp. | 1,213,974 | $113M | 1.6% | — | — | COM | 29364G103 |
| DOC | Healthpeak Properties Inc. | 5,802,340 | $111M | 1.6% | — | — | COM | 42250P103 |
| WTRG | Essential Utilities | 2,754,592 | $110M | 1.6% | — | — | COM | 29670G102 |
| TRGP | Targa Resources Corp. | 638,333 | $107M | 1.5% | — | — | COM | 87612G101 |
| AES | AES Corporation | 7,882,251 | $104M | 1.5% | — | — | COM | 00130H105 |
| PCG | PG&E Corp. | 6,795,980 | $102M | 1.5% | — | — | COM | 69331C108 |
| INVH | Invitation Homes Inc | 3,338,310 | $97.91M | 1.4% | — | — | COM | 46187W107 |
| CEG | Constellation Energy Corp | 262,759 | $86.47M | 1.2% | — | — | COM | 21037T109 |
| AMH | American Homes 4 Rent | 2,372,586 | $78.89M | 1.1% | — | — | COM | 02665T306 |
| DLR | Digital Realty Trust Inc. | 420,700 | $72.73M | 1.0% | — | — | COM | 253868103 |
| CMS | CMS Energy Corporation | 972,151 | $71.22M | 1.0% | — | — | COM | 125896100 |
| CCI | Crown Castle Inc | 709,609 | $68.47M | 1.0% | — | — | COM | 22822V101 |
| VNO | Vornado Realty Trust | 1,650,063 | $66.88M | 1.0% | — | — | COM | 929042109 |
| BXP | Boston Properties Inc. | 881,194 | $65.51M | 0.9% | — | — | COM | 101121101 |
| EPRT | Essential Properties Realty | 2,188,633 | $65.13M | 0.9% | — | — | COM | 29670E107 |
| AVB | AvalonBay Communities Inc. | 287,544 | $55.54M | 0.8% | — | — | COM | 053484101 |
| AHR | American Healthcare REIT | 1,314,139 | $55.21M | 0.8% | — | — | COM | 398182303 |
| OGE | OGE Energy Corp. | 1,192,709 | $55.19M | 0.8% | — | — | COM | 670837103 |
| CDP | COPT Defense Properties | 1,428,203 | $41.5M | 0.6% | — | — | COM | 22002T108 |
| SHO | Sunstone Hotel Investors Inc. | 4,385,483 | $41.09M | 0.6% | — | — | COM | 867892101 |
| ARE | Alexandria Real Estate Equitie | 491,416 | $40.95M | 0.6% | — | — | COM | 015271109 |
| FRT | Federal Realty Investment Trus | 369,569 | $37.44M | 0.5% | — | — | COM | 313745101 |
| ESS | Essex Property Trust Inc. | 131,098 | $35.09M | 0.5% | — | — | COM | 297178105 |
| CUZ | Cousins Properties Inc. | 1,171,421 | $33.9M | 0.5% | — | — | COM | 222795502 |
| SUI | Sun Communities Inc. | 262,148 | $33.82M | 0.5% | — | — | COM | 866674104 |
| CSX | CSX Corporation | 944,946 | $33.56M | 0.5% | — | — | COM | 126408103 |
| CWT | California Water Service Group | 730,263 | $33.51M | 0.5% | — | — | COM | 130788102 |
| ELME | ELME Communities | 1,764,378 | $29.75M | 0.4% | — | — | COM | 939653101 |
| HST | Host Hotels & Resorts Inc. | 1,529,776 | $26.04M | 0.4% | — | — | COM | 44107P104 |
| IRT | Independence Realty Trust Inc | 1,516,206 | $24.85M | 0.4% | — | — | COM | 45378A106 |
| BIP | Brookfield Infrastructure Part | 751,000 | $24.7M | 0.4% | — | — | COM | G16252101 |
| REXR | Rexford Industrial Realty, Inc | 594,004 | $24.42M | 0.3% | — | — | COM | 76169C100 |
| SKT | Tanger Inc. | 721,599 | $24.42M | 0.3% | — | — | COM | 875465106 |
| D | Dominion Energy Inc. | 369,494 | $22.6M | 0.3% | — | — | COM | 25746U109 |
| OHI | Omega Healthcare Investors | 519,953 | $21.95M | 0.3% | — | — | COM | 681936100 |
| CPT | Camden Property Trust | 203,198 | $21.7M | 0.3% | — | — | COM | 133131102 |
| OKE | ONEOK Inc. | 292,800 | $21.37M | 0.3% | — | — | COM | 682680103 |
| SRE | Sempra Energy | 225,600 | $20.3M | 0.3% | — | — | COM | 816851109 |
| VRE | Veris Residential Inc | 1,274,190 | $19.37M | 0.3% | — | — | COM | 554489104 |
| POR | Portland General Electric Comp | 425,039 | $18.7M | 0.3% | — | — | COM | 736508847 |
| NTST | Netstreit Corp | 1,029,440 | $18.59M | 0.3% | — | — | COM | 64119V303 |
| CWEN | Clearway Energy Inc. Class C | 625,000 | $17.66M | 0.3% | — | — | COM | 18539C204 |
| CPK | Chesapeake Utilities Corporati | 131,022 | $17.65M | 0.3% | — | — | COM | 165303108 |
| ED | Consolidated Edison Inc. | 168,432 | $16.93M | 0.2% | — | — | COM | 209115104 |
| PSA | Public Storage | 57,051 | $16.48M | 0.2% | — | — | COM | 74460D109 |
| PK | Park Hotels & Resorts Inc | 1,451,876 | $16.09M | 0.2% | — | — | COM | 700517105 |
| — | LXP Industrial Trust | 1,730,817 | $15.51M | 0.2% | — | — | COM | 529043101 |
| HLT | Hilton Worldwide Holdings Inc. | 55,191 | $14.32M | 0.2% | — | — | COM | 43300A203 |
| GTY | Getty Realty Corp. | 505,431 | $13.56M | 0.2% | — | — | COM | 374297109 |
| MAA | Mid-America Apt. Comm. | 96,439 | $13.48M | 0.2% | — | — | COM | 59522J103 |
| — | Pebblebrook Hotel Trust | 541,950 | $10.95M | 0.2% | — | — | UNIT | 70509V704 |
| RHP | Ryman Hospitality Properties | 109,229 | $9.786M | 0.1% | — | — | COM | 78377T107 |
| NSA | National Storage Affiliates Tr | 316,068 | $9.552M | 0.1% | — | — | COM | 637870106 |
| COLD | Americold Realty Trust | 753,292 | $9.22M | 0.1% | — | — | COM | 03064D108 |
| EQR | Equity Residential | 139,550 | $9.033M | 0.1% | — | — | COM | 29476L107 |
| SMA | SmartStop Self Storage REIT In | 235,403 | $8.861M | 0.1% | — | — | COM | 83192D402 |
| XIFR | XPLR Infrastructure LP | 794,852 | $8.084M | 0.1% | — | — | COM | 65341B106 |
| — | Pebblebrook Hotel Trust | 383,644 | $7.753M | 0.1% | — | — | UNIT | 70509V605 |
| CSR | Centerspace | 123,279 | $7.261M | 0.1% | — | — | COM | 15202L107 |
| LINE | LINEAGE INC | 171,316 | $6.62M | 0.1% | — | — | COM | 53566V106 |
| PDM | Piedmont Office Realty Trust I | 696,892 | $6.272M | 0.1% | — | — | COM | 720190206 |
| SBAC | SBA Communications Corp. | 31,331 | $6.058M | 0.1% | — | — | COM | 78410G104 |
| ESRT | Empire State Realty Trust Inc. | 687,840 | $5.269M | 0.1% | — | — | COM | 292104106 |
| UE | Urban Edge Properties | 237,176 | $4.855M | 0.1% | — | — | COM | 91704F104 |
| KIM | Kimco Realty Corp. | 206,448 | $4.511M | 0.1% | — | — | COM | 49446R109 |
| WY | Weyerhaeuser Co. | 113,482 | $2.813M | 0.0% | — | — | COM | 962166104 |
| UNIT | Uniti Group Inc | 380,042 | $2.326M | 0.0% | — | — | COM | 912932100 |
| BNL | Broadstone Net Lease Inc | 124,459 | $2.224M | 0.0% | — | — | COM | 11135E203 |
| ALEX | Alexander & Baldwin Inc. | 94,337 | $1.716M | 0.0% | — | — | COM | 014491104 |
| AWK | American Water Works Co. | 11,732 | $1.633M | 0.0% | — | — | COM | 030420103 |
| XHR | Xenia Hotels & Resorts Inc | 100,065 | $1.373M | 0.0% | — | — | COM | 984017103 |
| WPC | WP Carey Inc. | 14,747 | $996K | 0.0% | — | — | COM | 92936U109 |
| NSC | Norfolk Southern Corp | 3,196 | $960K | 0.0% | — | — | COM | 655844108 |
| AEE | Ameren Corp. | 6,229 | $650K | 0.0% | — | — | COM | 023608102 |
| MPT | Medical Properties Trust | 100,100 | $508K | 0.0% | — | — | COM | 58463J304 |
| ES | Eversource Energy | 4,831 | $344K | 0.0% | — | — | COM | 30040W108 |
| KMI | Kinder Morgan Inc. | 8,886 | $252K | 0.0% | — | — | COM | 49456B101 |
| PAGP | Plains GP Holdings | 11,626 | $212K | 0.0% | — | — | COM | 72651A207 |
| MAC | Macerich Co. | 11,043 | $201K | 0.0% | — | — | COM | 554382101 |