Location: New York, NY
CIK: 0001449434 · Show all filings
Period: Q4 2025 (← Previous) (Next →)
Filing Date: Feb 17, 2026
Total Value: $12.22B (87.0% shares, 13.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | ASPEN INSURANCE HOLDINGS LTD | 75,418,220 | $2.798B | 22.9% | $33.33 | +10.6% | ORD SHS CL A | G05384501 |
| — | ECHOSTAR CORP | 473,175,801 | $1.584B | 13.0% | $1.83 | — | NOTE 3.875%11/3 | 278768AB2 |
| ADT | ADT INC DEL | 102,000,366 | $823M | 6.7% | $8.42 | -1.8% | COM | 00090Q103 |
| HGV | HILTON GRAND VACATIONS INC | 18,245,825 | $817M | 6.7% | $42.35 | +0.3% | COM | 43283X105 |
| SMH | VANECK ETF TRUST | 2,200,000 | $792M | 6.5% | — | — | Put | 92189F676 |
| PXED | PHOENIX ED PARTNERS INC | 24,901,319 | $755M | 6.2% | $33.28 | 0.0% | COM | 718968100 |
| AERO | GRUPO AEROMEXICO SAB DE CV | 27,505,017 | $604M | 4.9% | $21.96 | — | SPONSORED ADS | 40054J109 |
| SPY | SPDR S&P 500 ETF TR | 606,000 | $413M | 3.4% | — | — | Put | 78462F103 |
| IVV | ISHARES TR | 551,725 | $378M | 3.1% | $684.94 | — | CORE S&P500 ETF | 464287200 |
| NVDA | NVIDIA CORPORATION | 2,020,000 | $377M | 3.1% | $186.13 | 0.0% | Put | 67066G104 |
| ORCL | ORACLE CORP | 1,500,000 | $292M | 2.4% | — | — | Put | 68389X105 |
| SATS | ECHOSTAR CORP | 2,463,991 | $268M | 2.2% | $45.27 | +79.9% | CL A | 278768106 |
| IWM | ISHARES TR | 833,500 | $205M | 1.7% | — | — | Put | 464287655 |
| KMX | CARMAX INC | 5,046,474 | $195M | 1.6% | $39.99 | 0.0% | COM | 143130102 |
| GBTG | GLOBAL BUSINESS TRAVEL GROUP | 22,884,991 | $175M | 1.4% | $6.20 | +25.0% | COM CL A | 37890B100 |
| RXT | RACKSPACE TECHNOLOGY INC | 129,609,000 | $126M | 1.0% | $18.30 | -93.1% | COM | 750102105 |
| WELL | WELLTOWER INC | 514,660 | $95.53M | 0.8% | $186.47 | 0.0% | COM | 95040Q104 |
| NVDA | NVIDIA CORPORATION | 500,000 | $93.25M | 0.8% | $186.13 | 0.0% | COM | 67066G104 |
| PLD | PROLOGIS INC. | 607,590 | $77.56M | 0.6% | $123.86 | 0.0% | COM | 74340W103 |
| EQIX | EQUINIX INC | 88,070 | $67.48M | 0.6% | $781.19 | 0.0% | COM | 29444U700 |
| UNIT | UNITI GROUP LLC | 9,596,073 | $67.27M | 0.6% | $7.16 | -11.5% | COM SHS | 912932100 |
| CMCSA | COMCAST CORP NEW | 2,234,600 | $66.79M | 0.5% | $28.53 | 0.0% | CL A | 20030N101 |
| TDAY | USA TODAY CO INC | 12,128,756 | $62.46M | 0.5% | $2.30 | +104.5% | COM | 36472T109 |
| FIGR | FIGURE TECHNOLOGY SOLUTIO | 1,548,527 | $49.79M | 0.4% | $38.84 | +3.0% | COM CL A | 349381103 |
| DLR | DIGITAL RLTY TR INC | 310,500 | $48.04M | 0.4% | $163.13 | 0.0% | COM | 253868103 |
| VTR | VENTAS INC | 573,400 | $44.37M | 0.4% | $74.98 | 0.0% | COM | 92276F100 |
| EXR | EXTRA SPACE STORAGE INC | 293,720 | $38.25M | 0.3% | $135.01 | 0.0% | COM | 30225T102 |
| KMT | KENNAMETAL INC | 1,340,673 | $38.09M | 0.3% | $21.63 | +17.1% | COM | 489170100 |
| CYH | COMMUNITY HEALTH SYS INC NEW | 11,838,609 | $36.94M | 0.3% | $3.48 | -3.3% | COM | 203668108 |
| PSA | PUBLIC STORAGE OPER CO | 140,290 | $36.41M | 0.3% | $277.29 | 0.0% | COM | 74460D109 |
| CNXC | CONCENTRIX CORP | 829,700 | $34.5M | 0.3% | — | — | Put | 20602D101 |
| UDR | UDR INC | 885,490 | $32.48M | 0.3% | $35.52 | 0.0% | COM | 902653104 |
| SPG | SIMON PPTY GROUP INC NEW | 169,000 | $31.28M | 0.3% | $179.99 | 0.0% | COM | 828806109 |
| O | REALTY INCOME CORP | 508,760 | $28.68M | 0.2% | $57.36 | 0.0% | COM | 756109104 |
| CPT | CAMDEN PPTY TR | 253,690 | $27.93M | 0.2% | $103.14 | 0.0% | SH BEN INT | 133131102 |
| IAC | IAC INC | 700,000 | $27.37M | 0.2% | $35.02 | 0.0% | COM NEW | 44891N208 |
| MFIC | MIDCAP FINANCIAL INVSTMNT CO | 2,388,870 | $27.33M | 0.2% | $6.53 | +77.3% | COM NEW | 03761U502 |
| BRX | BRIXMOR PPTY GROUP INC | 1,024,300 | $26.86M | 0.2% | $26.22 | — | COM | 11120U105 |
| JAAA | JANUS DETROIT STR TR | 500,000 | $25.29M | 0.2% | $50.58 | — | HENDRSON AAA CL | 47103U845 |
| KIM | KIMCO RLTY CORP | 1,239,460 | $25.12M | 0.2% | $20.57 | 0.0% | COM | 49446R109 |
| IRM | IRON MTN INC DEL | 265,539 | $22.03M | 0.2% | $92.78 | 0.0% | COM | 46284V101 |
| ADC | AGREE RLTY CORP | 298,880 | $21.53M | 0.2% | $72.03 | — | COM | 008492100 |
| SABR | SABRE CORP | 14,400,819 | $19.59M | 0.2% | $11.34 | -84.8% | COM | 78573M104 |
| PRIV | SSGA ACTIVE TR | 760,000 | $19.31M | 0.2% | $25.37 | — | SPDR SSGA IG PUB | 78470P622 |
| AEVA | AEVA TECHNOLOGIES INC | 1,390,725 | $18.47M | 0.2% | $14.92 | -4.5% | COM NEW | 00835Q202 |
| KRG | KITE RLTY GROUP TR | 768,330 | $18.42M | 0.2% | $23.97 | — | COM NEW | 49803T300 |
| AMH | AMERICAN HOMES 4 RENT | 546,880 | $17.55M | 0.1% | $32.10 | — | CL A | 02665T306 |
| INVH | INVITATION HOMES INC | 589,860 | $16.39M | 0.1% | $27.64 | 0.0% | COM | 46187W107 |
| OHI | OMEGA HEALTHCARE INVS INC | 361,110 | $16.01M | 0.1% | $44.34 | — | COM | 681936100 |
| VICI | VICI PPTYS INC | 568,370 | $15.98M | 0.1% | $29.30 | 0.0% | COM | 925652109 |
| EQR | EQUITY RESIDENTIAL | 241,390 | $15.22M | 0.1% | $60.67 | 0.0% | SH BEN INT | 29476L107 |
| WOLF | WOLFSPEED INC | 863,333 | $15.03M | 0.1% | $24.12 | -4.9% | COMMON STOCK | 97785W106 |
| VG | VENTURE GLOBAL INC | 2,162,131 | $14.75M | 0.1% | $8.31 | 0.0% | COM CL A | 92333F101 |
| CUZ | COUSINS PPTYS INC | 553,678 | $14.27M | 0.1% | $25.78 | — | COM NEW | 222795502 |
| HST | HOST HOTELS & RESORTS INC | 802,070 | $14.22M | 0.1% | $16.93 | 0.0% | COM | 44107P104 |
| ELS | EQUITY LIFESTYLE PPTYS INC | 233,350 | $14.14M | 0.1% | $60.61 | — | COM | 29472R108 |
| ESS | ESSEX PPTY TR INC | 52,580 | $13.76M | 0.1% | $256.27 | 0.0% | COM | 297178105 |
| STUB | STUBHUB HLDGS INC | 1,006,600 | $13.62M | 0.1% | — | — | Put | 86384P109 |
| AHR | AMERICAN HEALTHCARE REIT INC | 281,320 | $13.24M | 0.1% | $47.06 | — | COM SHS | 398182303 |
| FR | FIRST INDL RLTY TR INC | 202,240 | $11.58M | 0.1% | $57.27 | — | COM | 32054K103 |
| HR | HEALTHCARE RLTY TR | 621,870 | $10.54M | 0.1% | $16.95 | — | CL A COM | 42226K105 |
| BXP | BXP INC | 152,610 | $10.3M | 0.1% | $70.38 | 0.0% | COM | 101121101 |
| MAC | MACERICH CO | 556,730 | $10.28M | 0.1% | $18.46 | — | COM | 554382101 |
| OPTU | OPTIMUM COMMUNICATIONS INC | 6,104,649 | $10.07M | 0.1% | $2.51 | -18.8% | CL A | 02156K103 |
| REXR | REXFORD INDL RLTY INC | 233,090 | $9.025M | 0.1% | $38.72 | — | COM | 76169C100 |
| VNO | VORNADO RLTY TR | 266,950 | $8.884M | 0.1% | $33.28 | — | SH BEN INT | 929042109 |
| DOC | HEALTHPEAK PROPERTIES INC | 538,110 | $8.653M | 0.1% | $17.46 | 0.0% | COM | 42250P103 |
| — | FUBOTV INC | 8,300,000 | $8.297M | 0.1% | $0.97 | — | NOTE 3.250% 2/1 | 35953DAB0 |
| NTST | NETSTREIT CORP | 448,720 | $7.915M | 0.1% | $17.64 | — | COM | 64119V303 |
| FRT | FEDERAL RLTY INVT TR NEW | 73,940 | $7.453M | 0.1% | $97.37 | 0.0% | SH BEN INT NEW | 313745101 |
| ARE | ALEXANDRIA REAL ESTATE EQ IN | 144,700 | $7.082M | 0.1% | $58.01 | 0.0% | COM | 015271109 |
| BNL | BROADSTONE NET LEASE INC | 389,420 | $6.764M | 0.1% | $17.37 | — | COM | 11135E203 |
| ARI | APOLLO COML REAL EST FIN INC | 665,573 | $6.443M | 0.1% | $10.26 | — | COM | 03762U105 |
| DRH | DIAMONDROCK HOSPITALITY CO | 674,720 | $6.045M | 0.0% | $8.96 | — | COM | 252784301 |
| EGP | EASTGROUP PPTYS INC | 32,890 | $5.859M | 0.0% | $178.14 | — | COM | 277276101 |
| SBRA | SABRA HEALTH CARE REIT INC | 291,870 | $5.528M | 0.0% | $18.94 | — | COM | 78573L106 |
| IVT | INVENTRUST PPTYS CORP | 160,580 | $4.53M | 0.0% | $28.21 | — | COM NEW | 46124J201 |
| SGHT | SIGHT SCIENCES INC | 511,054 | $4.053M | 0.0% | $11.10 | -42.5% | COM | 82657M105 |
| PDM | PIEDMONT REALTY TRUST INC | 483,520 | $4.033M | 0.0% | $8.34 | — | COM CL A | 720190206 |
| LAMR | LAMAR ADVERTISING CO NEW | 31,050 | $3.93M | 0.0% | $126.58 | — | CL A | 512816109 |
| MNKD | MANNKIND CORP | 664,113 | $3.766M | 0.0% | $4.76 | +15.8% | COM NEW | 56400P706 |
| BPRE | BLUEROCK PVT REAL ESTATE FD | 249,192 | $3.738M | 0.0% | $15.00 | — | COM | 09631P102 |
| ESRT | EMPIRE ST RLTY TR INC | 523,960 | $3.416M | 0.0% | $6.52 | — | CL A | 292104106 |
| RHP | RYMAN HOSPITALITY PPTYS INC | 33,680 | $3.187M | 0.0% | $94.62 | — | COM | 78377T107 |
| SLG | SL GREEN RLTY CORP | 66,050 | $3.03M | 0.0% | $45.87 | — | COM | 78440X887 |
| COLD | AMERICOLD REALTY TRUST INC | 227,720 | $2.928M | 0.0% | $12.86 | — | COM | 03064D108 |
| DEI | DOUGLAS EMMETT INC | 236,240 | $2.596M | 0.0% | $10.99 | — | COM | 25960P109 |
| — | PEBBLEBROOK HOTEL TR | 127,246 | $2.428M | 0.0% | $19.08 | — | 6.375 PFD SER E | 70509V605 |
| DHC | DIVERSIFIED HEALTHCARE TR | 452,466 | $2.194M | 0.0% | $4.85 | — | COM SH BEN INT | 25525P107 |
| LINE | LINEAGE INC | 56,320 | $1.971M | 0.0% | $35.00 | — | COM | 53566V106 |
| SHO | SUNSTONE HOTEL INVS INC NEW | 220,020 | $1.967M | 0.0% | $8.94 | — | COM | 867892101 |
| RLJ | RLJ LODGING TR | 257,350 | $1.917M | 0.0% | $7.45 | — | COM | 74965L101 |
| — | PEBBLEBROOK HOTEL TR | 40,594 | $773K | 0.0% | $19.05 | — | 6.3 CUM PFD SR F | 70509V704 |
| CCLD | CARECLOUD INC | 209,844 | $613K | 0.0% | $8.31 | -61.9% | COM | 14167R100 |
| CION | CION INVT CORP | 63,262 | $612K | 0.0% | $5.96 | +54.6% | COM | 17259U204 |
| XHR | XENIA HOTELS & RESORTS INC | 47,915 | $605K | 0.0% | $12.63 | — | COM | 984017103 |
| MXCT | MAXCYTE INC | 307,987 | $477K | 0.0% | $12.95 | -87.7% | COM | 57777K106 |
| SPSC | SPS COMM INC | 3,349 | $298K | 0.0% | $128.56 | -27.9% | COM | 78463M107 |
| TKNO | ALPHA TEKNOVA INC | 65,036 | $247K | 0.0% | $6.96 | -30.1% | COM | 02080L102 |
| ORGN | ORIGIN MATERIALS INC | 1,076,332 | $228K | 0.0% | $3.32 | -85.4% | COM | 68622D106 |
| RAIN | RAIN ENHANCEMENT TECHNOLOGIE | 23,970 | $140K | 0.0% | $3.17 | +77.4% | CL A | 75080J103 |
| NAMMW | NAMIB MINERALS | 1,364,262 | $97,954 | 0.0% | $0.17 | — | *W EXP 06/05/203 | G63638111 |
| RAINW | RAIN ENHANCEMENT TECHNOLOGIE | 217,457 | $54,364 | 0.0% | $0.09 | — | *W EXP 12/31/202 | 75080J111 |
| SATLW | SATELLOGIC INC | 147,784 | $37,685 | 0.0% | $0.43 | — | *W EXP 01/25/202 | 80401C118 |
| FBYDW | FALCONS BEYOND GLOBAL INC | 12,433 | $25,115 | 0.0% | $0.75 | — | *W EXP 10/06/202 | 306121112 |
| ATER | ATERIAN INC | 2,276 | $1,583 | 0.0% | $4.26 | -79.5% | COM NEW | 02156U200 |
| CLDI | CALIDI BIOTHERAPEUTICS INC | 1,042 | $1,219 | 0.0% | $4.25 | -65.4% | COM | 320703408 |
| BNAIW | BRAND ENGAGEMENT NETWORK INC | 18,143 | $796 | 0.0% | $0.12 | — | *W EXP 03/14/202 | 104932116 |