DigitalBridge Group, Inc. Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MRVL	MARVELL TECHNOLOGY INC	370,864	$31,516	2.4%	$87.46	0.0%	COM	573874104
UDR	UDR INC	372,500	$13,663	1.0%	$35.52	0.0%	COM	902653104
LXP	LXP INDUSTRIAL TRUST	100,550	$4,985	0.4%	$49.58	—	COM	529043408
ALEX	ALEXANDER & BALDWIN INC NEW	213,621	$4,409	0.3%	$20.64	—	COM	014491104
CIGI	COLLIERS INTL GROUP INC	22,335	$3,283	0.3%	$150.11	0.0%	SUB VTG SHS	194693107
PSTL	POSTAL REALTY TRUST INC	163,224	$2,634	0.2%	$16.14	—	CL A	73757R102
CCO	CLEAR CHANNEL OUTDOOR HLDGS	450,300	$995	0.1%	$1.85	0.0%	COM	18453H106

Increased Positions (22)

AMZN AMAZON COM INC 4.3%

Value ($000) $56,966 (+45.3%) Shares 246,797 (+38.2%) Est. Cost $217.86 Unrealized +5.0%

DOX AMDOCS LTD 6.1%

Value ($000) $80,154 (+27.0%) Shares 995,582 (+29.4%) Est. Cost $81.08 Unrealized -1.5%

SBAC SBA COMMUNICATIONS CORP NEW 7.0%

Value ($000) $92,423 (+19.5%) Shares 477,812 (+19.4%) Est. Cost $211.16 Unrealized -8.8%

EQIX EQUINIX INC 7.9%

Value ($000) $103,375 (+14.4%) Shares 134,926 (+17.0%) Est. Cost $723.35 Unrealized +8.0%

ANET ARISTA NETWORKS INC 3.4%

Value ($000) $44,529 (+33.5%) Shares 339,840 (+48.4%) Est. Cost $114.04 Unrealized +20.7%

DIS DISNEY WALT CO 3.3%

Value ($000) $43,335 (+26.6%) Shares 380,900 (+27.4%) Est. Cost $108.35 Unrealized +1.1%

LYV LIVE NATION ENTERTAINMENT IN 3.5%

Value ($000) $45,734 (+23.5%) Shares 320,940 (+41.6%) Est. Cost $109.94 Unrealized +30.7%

CRM SALESFORCE INC 3.2%

Value ($000) $41,897 (+23.0%) Shares 158,154 (+10.1%) Est. Cost $259.67 Unrealized -4.4%

GLPI GAMING & LEISURE PPTYS INC 1.2%

Value ($000) $16,191 (+93.5%) Shares 362,300 (+101.8%) Est. Cost $44.96 Unrealized —

CMCSA COMCAST CORP NEW 2.6%

Value ($000) $33,574 (+29.4%) Shares 1,123,239 (+36.1%) Est. Cost $32.27 Unrealized -11.6%

NVDA NVIDIA CORPORATION 2.9%

Value ($000) $38,129 (+19.0%) Shares 204,444 (+19.0%) Est. Cost $136.13 Unrealized +36.7%

TKO TKO GROUP HOLDINGS INC 2.9%

Value ($000) $38,073 (+17.8%) Shares 182,169 (+13.8%) Est. Cost $110.68 Unrealized +75.1%

MAC MACERICH CO 0.8%

Value ($000) $10,997 (+20.2%) Shares 595,700 (+16.1%) Est. Cost $17.91 Unrealized —

AD ARRAY DIGITAL INFRASTRUCTURE 0.5%

Value ($000) $6,311 (+24.0%) Shares 117,700 (+15.6%) Est. Cost $37.36 Unrealized +9.6%

T AT&T INC 3.7%

Value ($000) $48,957 (-2.3%) Shares 1,970,881 (+11.1%) Est. Cost $17.24 Unrealized +46.7%

PLD PROLOGIS INC. 0.3%

Value ($000) $3,370 (+41.5%) Shares 26,400 (+26.9%) Est. Cost $110.17 Unrealized +12.4%

DLR DIGITAL RLTY TR INC 1.2%

Value ($000) $15,858 (-5.8%) Shares 102,500 (+5.2%) Est. Cost $159.08 Unrealized +2.5%

WMG WARNER MUSIC GROUP CORP 3.0%

Value ($000) $39,648 (+2.4%) Shares 1,292,717 (+13.8%) Est. Cost $30.45 Unrealized -0.7%

ENTG ENTEGRIS INC 2.9%

Value ($000) $38,665 (-1.9%) Shares 458,929 (+7.6%) Est. Cost $85.03 Unrealized +2.0%

CSGP COSTAR GROUP INC 0.1%

Value ($000) $787 (+27.7%) Shares 11,700 (+60.3%) Est. Cost $81.78 Unrealized -13.4%

O REALTY INCOME CORP 0.2%

Value ($000) $2,661 (+3.5%) Shares 47,200 (+11.6%) Est. Cost — Unrealized —

— EPR PPTYS 0.2%

Value ($000) $3,105 (-2.3%) Shares 140,000 (+12.0%) Est. Cost $20.79 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	246,797 (+38.2%)	$56,966 (+45.3%)	4.3%	$217.86	+5.0%	COM	023135106
DOX	AMDOCS LTD	995,582 (+29.4%)	$80,154 (+27.0%)	6.1%	$81.08	-1.5%	SHS	G02602103
SBAC	SBA COMMUNICATIONS CORP NEW	477,812 (+19.4%)	$92,423 (+19.5%)	7.0%	$211.16	-8.8%	CL A	78410G104
EQIX	EQUINIX INC	134,926 (+17.0%)	$103,375 (+14.4%)	7.9%	$723.35	+8.0%	COM	29444U700
ANET	ARISTA NETWORKS INC	339,840 (+48.4%)	$44,529 (+33.5%)	3.4%	$114.04	+20.7%	COM SHS	040413205
DIS	DISNEY WALT CO	380,900 (+27.4%)	$43,335 (+26.6%)	3.3%	$108.35	+1.1%	COM	254687106
LYV	LIVE NATION ENTERTAINMENT IN	320,940 (+41.6%)	$45,734 (+23.5%)	3.5%	$109.94	+30.7%	COM	538034109
CRM	SALESFORCE INC	158,154 (+10.1%)	$41,897 (+23.0%)	3.2%	$259.67	-4.4%	COM	79466L302
GLPI	GAMING & LEISURE PPTYS INC	362,300 (+101.8%)	$16,191 (+93.5%)	1.2%	$44.96	—	COM	36467J108
CMCSA	COMCAST CORP NEW	1,123,239 (+36.1%)	$33,574 (+29.4%)	2.6%	$32.27	-11.6%	CL A	20030N101
NVDA	NVIDIA CORPORATION	204,444 (+19.0%)	$38,129 (+19.0%)	2.9%	$136.13	+36.7%	COM	67066G104
TKO	TKO GROUP HOLDINGS INC	182,169 (+13.8%)	$38,073 (+17.8%)	2.9%	$110.68	+75.1%	CL A	87256C101
MAC	MACERICH CO	595,700 (+16.1%)	$10,997 (+20.2%)	0.8%	$17.91	—	COM	554382101
AD	ARRAY DIGITAL INFRASTRUCTURE	117,700 (+15.6%)	$6,311 (+24.0%)	0.5%	$37.36	+9.6%	COM	911684108
T	AT&T INC	1,970,881 (+11.1%)	$48,957 (-2.3%)	3.7%	$17.24	+46.7%	COM	00206R102
PLD	PROLOGIS INC.	26,400 (+26.9%)	$3,370 (+41.5%)	0.3%	$110.17	+12.4%	CALL	74340W103
DLR	DIGITAL RLTY TR INC	102,500 (+5.2%)	$15,858 (-5.8%)	1.2%	$159.08	+2.5%	COM	253868103
WMG	WARNER MUSIC GROUP CORP	1,292,717 (+13.8%)	$39,648 (+2.4%)	3.0%	$30.45	-0.7%	COM CL A	934550203
ENTG	ENTEGRIS INC	458,929 (+7.6%)	$38,665 (-1.9%)	2.9%	$85.03	+2.0%	COM	29362U104
CSGP	COSTAR GROUP INC	11,700 (+60.3%)	$787 (+27.7%)	0.1%	$81.78	-13.4%	COM	22160N109
O	REALTY INCOME CORP	47,200 (+11.6%)	$2,661 (+3.5%)	0.2%	—	—	PUT	756109104
—	EPR PPTYS	140,000 (+12.0%)	$3,105 (-2.3%)	0.2%	$20.79	—	PFD C CV 5.75%	26884U208

Exited Positions (11)

CCI CROWN CASTLE INC 1.4%

Value ($000) $17,841 Shares 184,900 Est. Cost $96.81 Unrealized -5.9%

SPY SPDR S&P 500 ETF TR 0.7%

Value ($000) $9,193 Shares 13,800 Est. Cost — Unrealized —

— LXP INDUSTRIAL TRUST 0.5%

Value ($000) $6,828 Shares 919,900 Est. Cost $6.60 Unrealized —

PLYM PLYMOUTH INDL REIT INC 0.5%

Value ($000) $6,411 Shares 334,802 Est. Cost $19.15 Unrealized —

CZR CAESARS ENTERTAINMENT INC NE 0.4%

Value ($000) $5,302 Shares 196,200 Est. Cost $40.00 Unrealized -43.8%

APO APOLLO GLOBAL MGMT INC 0.3%

Value ($000) $4,571 Shares 34,300 Est. Cost $140.75 Unrealized -5.8%

PK PARK HOTELS & RESORTS INC 0.2%

Value ($000) $2,973 Shares 268,300 Est. Cost $10.23 Unrealized —

SMA SMARTSTOP SELF STORAG REIT I 0.2%

Value ($000) $2,243 Shares 68,400 Est. Cost $29.14 Unrealized —

FUN SIX FLAGS ENTERTAINMENT CORP 0.1%

Value ($000) $1,022 Shares 45,000 Est. Cost $31.66 Unrealized -42.9%

ELS EQUITY LIFESTYLE PPTYS INC 0.1%

Value ($000) $747 Shares 12,300 Est. Cost $60.70 Unrealized —

CZR CAESARS ENTERTAINMENT INC NE 0.0%

Value ($000) $357 Shares 13,200 Est. Cost $40.00 Unrealized -43.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CCI	CROWN CASTLE INC	184,900	$17,841	1.4%	$96.81	-5.9%	—	22822V101
SPY	SPDR S&P 500 ETF TR	13,800	$9,193	0.7%	—	—	PUT	78462F103
—	LXP INDUSTRIAL TRUST	919,900	$6,828	0.5%	$6.60	—	—	529043101
PLYM	PLYMOUTH INDL REIT INC	334,802	$6,411	0.5%	$19.15	—	—	729640102
CZR	CAESARS ENTERTAINMENT INC NE	196,200	$5,302	0.4%	$40.00	-43.8%	—	12769G100
APO	APOLLO GLOBAL MGMT INC	34,300	$4,571	0.3%	$140.75	-5.8%	—	03769M106
PK	PARK HOTELS & RESORTS INC	268,300	$2,973	0.2%	$10.23	—	—	700517105
SMA	SMARTSTOP SELF STORAG REIT I	68,400	$2,243	0.2%	$29.14	—	—	83192D402
FUN	SIX FLAGS ENTERTAINMENT CORP	45,000	$1,022	0.1%	$31.66	-42.9%	—	83001C108
ELS	EQUITY LIFESTYLE PPTYS INC	12,300	$747	0.1%	$60.70	—	—	29472R108
CZR	CAESARS ENTERTAINMENT INC NE	13,200	$357	0.0%	$40.00	-43.8%	CALL	12769G100

Decreased Positions (36)

CCOI COGENT COMMUNICATIONS HLDGS 1.0%

Value ($000) $13,716 (-57.9%) Shares 636,169 (-25.2%) Est. Cost $61.50 Unrealized -52.0%

BE BLOOM ENERGY CORP 1.8%

Value ($000) $23,934 (-35.7%) Shares 275,447 (-37.4%) Est. Cost $12.62 Unrealized +732.3%

LITE LUMENTUM HLDGS INC 3.5%

Value ($000) $46,189 (+22.7%) Shares 125,312 (-45.8%) Est. Cost $57.23 Unrealized +348.7%

TRNO TERRENO RLTY CORP 0.9%

Value ($000) $11,772 (-36.9%) Shares 200,514 (-42.2%) Est. Cost $56.17 Unrealized —

CIEN CIENA CORP 3.0%

Value ($000) $38,830 (-14.0%) Shares 166,032 (-46.4%) Est. Cost $49.29 Unrealized +293.6%

GLIBK GCI LIBERTY INC 0.2%

Value ($000) $2,679 (-67.9%) Shares 72,000 (-67.8%) Est. Cost $35.27 Unrealized -0.5%

HPE HEWLETT PACKARD ENTERPRISE C 3.2%

Value ($000) $41,642 (-11.8%) Shares 1,733,626 (-9.8%) Est. Cost $21.88 Unrealized +7.1%

VRE VERIS RESIDENTIAL INC 0.3%

Value ($000) $3,668 (-60.2%) Shares 246,519 (-59.3%) Est. Cost $14.82 Unrealized —

VRT VERTIV HOLDINGS CO 3.0%

Value ($000) $39,153 (-12.3%) Shares 241,671 (-18.3%) Est. Cost $61.05 Unrealized +184.3%

OUT OUTFRONT MEDIA INC 0.7%

Value ($000) $8,850 (-34.2%) Shares 367,200 (-59.9%) Est. Cost $13.14 Unrealized —

NTST NETSTREIT CORP 0.5%

Value ($000) $5,985 (-37.5%) Shares 339,300 (-47.0%) Est. Cost $14.04 Unrealized —

RCI ROGERS COMMUNICATIONS INC 2.5%

Value ($000) $32,597 (+7.6%) Shares 863,520 (-25.5%) Est. Cost $29.72 Unrealized +26.1%

STX SEAGATE TECHNOLOGY HLDNGS PL 3.4%

Value ($000) $45,217 (-3.5%) Shares 164,192 (-17.3%) Est. Cost $98.63 Unrealized +162.5%

KRG KITE RLTY GROUP TR 0.9%

Value ($000) $12,304 (-9.5%) Shares 513,300 (-21.3%) Est. Cost $23.49 Unrealized —

CBRE CBRE GROUP INC 0.6%

Value ($000) $8,265 (-12.0%) Shares 51,400 (-13.8%) Est. Cost $99.42 Unrealized +58.1%

NXRT NEXPOINT RESIDENTIAL TR INC 0.4%

Value ($000) $5,252 (-16.6%) Shares 174,500 (-24.5%) Est. Cost $27.28 Unrealized —

IWM ISHARES TR 0.1%

Value ($000) $1,477 (-38.3%) Shares 6,000 (-39.4%) Est. Cost — Unrealized —

PWR QUANTA SVCS INC 2.6%

Value ($000) $34,514 (-2.5%) Shares 81,774 (-4.2%) Est. Cost $252.07 Unrealized +74.3%

CCI CROWN CASTLE INC 0.2%

Value ($000) $2,497 (-23.2%) Shares 28,100 (-16.6%) Est. Cost $96.81 Unrealized -5.9%

SPG SIMON PPTY GROUP INC NEW 0.1%

Value ($000) $1,888 (-22.6%) Shares 10,200 (-21.5%) Est. Cost — Unrealized —

STWD STARWOOD PPTY TR INC 0.1%

Value ($000) $749 (-41.1%) Shares 41,600 (-36.7%) Est. Cost — Unrealized —

WSR WHITESTONE REIT 0.4%

Value ($000) $5,078 (-9.1%) Shares 365,600 (-19.6%) Est. Cost $11.73 Unrealized —

TDS TELEPHONE & DATA SYS INC 0.6%

Value ($000) $8,434 (-4.9%) Shares 205,700 (-9.0%) Est. Cost $24.11 Unrealized +61.5%

AVGO BROADCOM INC 2.4%

Value ($000) $31,439 (-1.1%) Shares 90,839 (-5.8%) Est. Cost $161.43 Unrealized +121.1%

PSA PUBLIC STORAGE OPER CO 0.0%

Value ($000) $623 (-30.4%) Shares 2,400 (-22.6%) Est. Cost — Unrealized —

ILPT INDUSTRIAL LOGISTICS PPTYS T 0.1%

Value ($000) $1,215 (-15.0%) Shares 219,300 (-24.4%) Est. Cost $3.35 Unrealized —

PLD PROLOGIS INC. 0.1%

Value ($000) $1,577 (-11.7%) Shares 12,350 (-20.8%) Est. Cost $110.17 Unrealized +12.4%

JLL JONES LANG LASALLE INC 0.1%

Value ($000) $1,026 (-16.1%) Shares 3,050 (-25.6%) Est. Cost $285.67 Unrealized +9.7%

WELL WELLTOWER INC 0.1%

Value ($000) $1,782 (-9.9%) Shares 9,600 (-13.5%) Est. Cost $163.41 Unrealized +14.1%

VNQ VANGUARD INDEX FDS 0.0%

Value ($000) $557 (-19.8%) Shares 6,300 (-17.1%) Est. Cost — Unrealized —

FR FIRST INDL RLTY TR INC 0.1%

Value ($000) $1,014 (-11.7%) Shares 17,700 (-20.6%) Est. Cost $51.47 Unrealized —

NN NEXTNAV INC 0.1%

Value ($000) $1,679 (-5.3%) Shares 100,900 (-18.6%) Est. Cost $9.29 Unrealized +52.8%

EGP EASTGROUP PPTYS INC 0.1%

Value ($000) $1,496 (-4.9%) Shares 8,400 (-9.7%) Est. Cost $169.26 Unrealized —

CP CANADIAN PACIFIC KANSAS CITY 0.1%

Value ($000) $663 (-10.1%) Shares 9,000 (-9.1%) Est. Cost $76.24 Unrealized -3.5%

LAMR LAMAR ADVERTISING CO NEW 0.1%

Value ($000) $1,937 (-2.9%) Shares 15,300 (-6.1%) Est. Cost $122.42 Unrealized —

WELL WELLTOWER INC 0.0%

Value ($000) $640 (-5.4%) Shares 3,450 (-9.2%) Est. Cost $163.41 Unrealized +14.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CCOI	COGENT COMMUNICATIONS HLDGS	636,169 (-25.2%)	$13,716 (-57.9%)	1.0%	$61.50	-52.0%	COM NEW	19239V302
BE	BLOOM ENERGY CORP	275,447 (-37.4%)	$23,934 (-35.7%)	1.8%	$12.62	+732.3%	COM CL A	093712107
LITE	LUMENTUM HLDGS INC	125,312 (-45.8%)	$46,189 (+22.7%)	3.5%	$57.23	+348.7%	COM	55024U109
TRNO	TERRENO RLTY CORP	200,514 (-42.2%)	$11,772 (-36.9%)	0.9%	$56.17	—	COM	88146M101
CIEN	CIENA CORP	166,032 (-46.4%)	$38,830 (-14.0%)	3.0%	$49.29	+293.6%	COM NEW	171779309
GLIBK	GCI LIBERTY INC	72,000 (-67.8%)	$2,679 (-67.9%)	0.2%	$35.27	-0.5%	COM SER C	36164V800
HPE	HEWLETT PACKARD ENTERPRISE C	1,733,626 (-9.8%)	$41,642 (-11.8%)	3.2%	$21.88	+7.1%	COM	42824C109
VRE	VERIS RESIDENTIAL INC	246,519 (-59.3%)	$3,668 (-60.2%)	0.3%	$14.82	—	COM	554489104
VRT	VERTIV HOLDINGS CO	241,671 (-18.3%)	$39,153 (-12.3%)	3.0%	$61.05	+184.3%	COM CL A	92537N108
OUT	OUTFRONT MEDIA INC	367,200 (-59.9%)	$8,850 (-34.2%)	0.7%	$13.14	—	COM NEW	69007J304
NTST	NETSTREIT CORP	339,300 (-47.0%)	$5,985 (-37.5%)	0.5%	$14.04	—	COM	64119V303
RCI	ROGERS COMMUNICATIONS INC	863,520 (-25.5%)	$32,597 (+7.6%)	2.5%	$29.72	+26.1%	CL B	775109200
STX	SEAGATE TECHNOLOGY HLDNGS PL	164,192 (-17.3%)	$45,217 (-3.5%)	3.4%	$98.63	+162.5%	ORD SHS	G7997R103
KRG	KITE RLTY GROUP TR	513,300 (-21.3%)	$12,304 (-9.5%)	0.9%	$23.49	—	COM NEW	49803T300
CBRE	CBRE GROUP INC	51,400 (-13.8%)	$8,265 (-12.0%)	0.6%	$99.42	+58.1%	CL A	12504L109
NXRT	NEXPOINT RESIDENTIAL TR INC	174,500 (-24.5%)	$5,252 (-16.6%)	0.4%	$27.28	—	COM	65341D102
IWM	ISHARES TR	6,000 (-39.4%)	$1,477 (-38.3%)	0.1%	—	—	PUT	464287655
PWR	QUANTA SVCS INC	81,774 (-4.2%)	$34,514 (-2.5%)	2.6%	$252.07	+74.3%	COM	74762E102
CCI	CROWN CASTLE INC	28,100 (-16.6%)	$2,497 (-23.2%)	0.2%	$96.81	-5.9%	CALL	22822V101
SPG	SIMON PPTY GROUP INC NEW	10,200 (-21.5%)	$1,888 (-22.6%)	0.1%	—	—	PUT	828806109
STWD	STARWOOD PPTY TR INC	41,600 (-36.7%)	$749 (-41.1%)	0.1%	—	—	PUT	85571B105
WSR	WHITESTONE REIT	365,600 (-19.6%)	$5,078 (-9.1%)	0.4%	$11.73	—	COM	966084204
TDS	TELEPHONE & DATA SYS INC	205,700 (-9.0%)	$8,434 (-4.9%)	0.6%	$24.11	+61.5%	COM NEW	879433829
AVGO	BROADCOM INC	90,839 (-5.8%)	$31,439 (-1.1%)	2.4%	$161.43	+121.1%	COM	11135F101
PSA	PUBLIC STORAGE OPER CO	2,400 (-22.6%)	$623 (-30.4%)	0.0%	—	—	PUT	74460D109
ILPT	INDUSTRIAL LOGISTICS PPTYS T	219,300 (-24.4%)	$1,215 (-15.0%)	0.1%	$3.35	—	COM SHS BEN INT	456237106
PLD	PROLOGIS INC.	12,350 (-20.8%)	$1,577 (-11.7%)	0.1%	$110.17	+12.4%	COM	74340W103
JLL	JONES LANG LASALLE INC	3,050 (-25.6%)	$1,026 (-16.1%)	0.1%	$285.67	+9.7%	COM	48020Q107
WELL	WELLTOWER INC	9,600 (-13.5%)	$1,782 (-9.9%)	0.1%	$163.41	+14.1%	PUT	95040Q104
VNQ	VANGUARD INDEX FDS	6,300 (-17.1%)	$557 (-19.8%)	0.0%	—	—	PUT	922908553
FR	FIRST INDL RLTY TR INC	17,700 (-20.6%)	$1,014 (-11.7%)	0.1%	$51.47	—	COM	32054K103
NN	NEXTNAV INC	100,900 (-18.6%)	$1,679 (-5.3%)	0.1%	$9.29	+52.8%	COMMON STOCK	65345N106
EGP	EASTGROUP PPTYS INC	8,400 (-9.7%)	$1,496 (-4.9%)	0.1%	$169.26	—	COM	277276101
CP	CANADIAN PACIFIC KANSAS CITY	9,000 (-9.1%)	$663 (-10.1%)	0.1%	$76.24	-3.5%	COM	13646K108
LAMR	LAMAR ADVERTISING CO NEW	15,300 (-6.1%)	$1,937 (-2.9%)	0.1%	$122.42	—	CL A	512816109
WELL	WELLTOWER INC	3,450 (-9.2%)	$640 (-5.4%)	0.0%	$163.41	+14.1%	COM	95040Q104

Unchanged Positions (4)

— EPR PPTYS 0.2%

Value ($000) $2,685 Shares 89,743 Est. Cost $27.75 Unrealized —

— PEBBLEBROOK HOTEL TR 0.0%

Value ($000) $381 Shares 20,000 Est. Cost $17.51 Unrealized —

— KIMCO RLTY CORP 0.1%

Value ($000) $1,175 Shares 20,060 Est. Cost $60.15 Unrealized —

— PEBBLEBROOK HOTEL TR 0.0%

Value ($000) $191 Shares 10,000 Est. Cost $17.15 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	EPR PPTYS	89,743	$2,685	0.2%	$27.75	—	CONV PFD 9% SR E	26884U307
—	PEBBLEBROOK HOTEL TR	20,000	$381	0.0%	$17.51	—	6.3 CUM PFD SR F	70509V704
—	KIMCO RLTY CORP	20,060	$1,175	0.1%	$60.15	—	DP CV CL N 7.25%	49446R687
—	PEBBLEBROOK HOTEL TR	10,000	$191	0.0%	$17.15	—	6.375 PFD SER E	70509V605