Location: Conshohocken, PA
CIK: 0001725296 · Show all filings
Period: Q4 2019 (← Previous) (Next →)
Filing Date: Feb 12, 2020
Total Value: $7.821B (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| PLD | Prologis Trust | 6,535,673 | $583M | 7.4% | $54.75 | +36.4% | COM | 74340W103 |
| EQIX | Equinix Inc | 588,609 | $344M | 4.4% | $377.40 | +32.9% | COM | 29444U700 |
| DOC | Healthpeak Properties Inc | 9,564,226 | $330M | 4.2% | $25.47 | 0.0% | COM | 42250P103 |
| EQR | Equity Residential Properties Trust | 3,845,329 | $311M | 4.0% | $54.54 | +22.9% | COM | 29476L107 |
| O | Realty Income Corp | 3,938,672 | $290M | 3.7% | $48.53 | +13.2% | COM | 756109104 |
| SPG | Simon Property Group Inc | 1,808,210 | $269M | 3.4% | $104.12 | +2.3% | COM | 828806109 |
| VTR | Ventas Inc | 4,395,500 | $254M | 3.2% | $41.10 | +19.6% | COM | 92276F100 |
| SUI | Sun Communities Inc | 1,444,152 | $217M | 2.8% | $93.65 | — | COM | 866674104 |
| HST | Host Hotels & Resorts Inc | 11,618,767 | $216M | 2.8% | $13.98 | -0.8% | COM | 44107P104 |
| UDR | UDR Inc | 4,257,509 | $199M | 2.5% | $38.20 | +0.0% | COM | 902653104 |
| AVB | Avalon Bay Communities | 914,390 | $192M | 2.5% | $126.06 | +36.8% | COM | 053484101 |
| EXR | Extra Space Storage Inc | 1,789,260 | $189M | 2.4% | $74.09 | +16.5% | COM | 30225T102 |
| INVH | Invitation Homes Inc | 6,251,212 | $187M | 2.4% | $19.15 | +31.2% | COM | 46187W107 |
| JBGS | JBG Smith Properties | 4,446,319 | $177M | 2.3% | $38.74 | — | COM | 46590V100 |
| BXP | Boston Properties | 1,257,952 | $173M | 2.2% | $89.13 | +11.4% | COM | 101121101 |
| DLR | Digital Realty Trust Inc | 1,445,620 | $173M | 2.2% | $97.56 | +1.9% | COM | 253868103 |
| KRC | Kilroy Realty Corporation | 2,017,963 | $169M | 2.2% | $71.03 | — | COM | 49427F108 |
| PSA | Public Storage Inc | 779,570 | $166M | 2.1% | $158.45 | +7.9% | COM | 74460D109 |
| MAA | Mid-America Apartment Communities Inc | 1,068,714 | $141M | 1.8% | $99.42 | +9.3% | COM | 59522J103 |
| AMH | American Homes 4 Rent | 4,516,578 | $118M | 1.5% | $21.67 | — | COM | 02665T306 |
| — | VEREIT Inc | 12,590,186 | $116M | 1.5% | $7.06 | — | COM | 92339V100 |
| VMBS | Vanguard Mortgage-Backed Securities ETF | 2,112,100 | $112M | 1.4% | $52.92 | — | COM | 92206C771 |
| MBB | iShares MBS ETF | 1,037,900 | $112M | 1.4% | $107.74 | — | COM | 464288588 |
| — | CyrusOne | 1,713,129 | $112M | 1.4% | $51.43 | — | COM | 23283R100 |
| — | Apartment Investment and Management Co | 2,155,374 | $111M | 1.4% | $52.07 | — | COM | 03748R754 |
| IRM | Iron Mountain Inc | 3,461,200 | $110M | 1.4% | $21.95 | +9.2% | COM | 46284V101 |
| COLD | Americold Realty Trust | 2,883,989 | $101M | 1.3% | $24.49 | — | COM | 03064D108 |
| — | Columbia Property Trust | 4,448,110 | $93.01M | 1.2% | $21.84 | — | COM | 198287203 |
| — | Liberty Property Trust | 1,548,780 | $93M | 1.2% | $44.51 | — | COM | 531172104 |
| — | Retail Properties of America | 6,807,954 | $91.23M | 1.2% | $12.08 | — | COM | 76131V202 |
| ESRT | Empire State Realty Trust | 6,090,490 | $85.02M | 1.1% | $14.27 | — | COM | 292104106 |
| SBAC | SBA Communications Corp | 352,489 | $84.95M | 1.1% | $214.30 | +2.4% | COM | 78410G104 |
| PK | Park Hotels & Resorts Inc | 3,243,009 | $83.9M | 1.1% | $26.92 | — | COM | 700517105 |
| VICI | VICI Properties Inc | 3,207,330 | $81.95M | 1.0% | $15.20 | +14.1% | COM | 925652109 |
| REG | Regency Centers Corp | 1,242,445 | $78.39M | 1.0% | $44.71 | +13.6% | COM | 758849103 |
| BRX | Brixmor Property Group Inc | 3,434,193 | $74.21M | 0.9% | $15.29 | — | COM | 11120U105 |
| — | Retail Opportunity Investments Corp | 4,158,399 | $73.44M | 0.9% | $17.68 | — | COM | 76131N101 |
| OHI | Omega Healthcare Investors Inc | 1,730,593 | $73.29M | 0.9% | $41.79 | — | COM | 681936100 |
| — | Hudson Pacific Properties | 1,900,546 | $71.56M | 0.9% | $37.47 | — | COM | 444097109 |
| REXR | Rexford Industrial Realty | 1,549,792 | $70.78M | 0.9% | $42.96 | — | COM | 76169C100 |
| CTRE | CareTrust REIT Inc | 3,271,126 | $67.48M | 0.9% | $22.54 | — | COM | 14174T107 |
| — | Store Capital Corp | 1,802,126 | $67.11M | 0.9% | $26.22 | — | COM | 862121100 |
| MPT | Medical Properties Trust Inc | 3,093,709 | $65.31M | 0.8% | $21.11 | — | COM | 58463J304 |
| — | Life Storage Inc | 575,346 | $62.3M | 0.8% | $105.38 | — | COM | 53223X107 |
| — | Healthcare Trust of America | 1,970,713 | $59.67M | 0.8% | $26.43 | — | COM | 42225P501 |
| NNN | National Retail Properties | 1,103,129 | $59.15M | 0.8% | $54.84 | — | COM | 637417106 |
| WELL | Welltower Inc | 687,788 | $56.25M | 0.7% | $67.72 | +5.0% | COM | 95040Q104 |
| ARE | Alexandria Real Estate Equities | 325,283 | $52.56M | 0.7% | $93.56 | +32.7% | COM | 015271109 |
| CUZ | Cousins Properties Inc | 1,185,067 | $48.83M | 0.6% | $38.69 | — | COM | 222795502 |
| — | Taubman Centers Inc | 1,561,775 | $48.55M | 0.6% | $48.91 | — | COM | 876664103 |
| AMT | American Tower Corp | 207,309 | $47.64M | 0.6% | $163.66 | +12.3% | COM | 03027X100 |
| BDN | Brandywine Realty Trust | 2,839,500 | $44.72M | 0.6% | $16.02 | — | COM | 105368203 |
| ESS | Essex Property Trust Inc | 129,440 | $38.94M | 0.5% | $180.48 | +40.5% | COM | 297178105 |
| — | Senior Housing Properties Trust | 4,149,735 | $35.02M | 0.4% | $8.91 | — | COM | 81721M109 |
| — | Federal Realty Investment Trust | 264,382 | $34.03M | 0.4% | $124.44 | — | COM | 313747206 |
| DRH | DiamondRock Hospitality Co | 2,866,460 | $31.76M | 0.4% | $10.32 | — | COM | 252784301 |
| ILPT | Industrial Logistics Properties Trust | 1,130,547 | $25.35M | 0.3% | $20.94 | — | COM | 456237106 |
| CCI | Crown Castle Intl Corp | 175,720 | $24.98M | 0.3% | $93.28 | +11.7% | COM | 22822V101 |
| — | SL Green Realty Corp | 271,325 | $24.93M | 0.3% | $91.88 | — | COM | 78440X101 |
| — | Duke Realty Investments Inc | 653,270 | $22.65M | 0.3% | $29.81 | — | COM | 264411505 |
| STWD | Starwood Property Trust | 903,280 | $22.46M | 0.3% | $24.86 | — | COM | 85571B105 |
| BXMT | Blackstone Mortgage Trust Inc - Class A | 598,720 | $22.28M | 0.3% | $37.22 | — | COM | 09257W100 |
| LADR | Ladder Capital Corp REIT | 1,223,250 | $22.07M | 0.3% | $18.04 | — | COM | 505743104 |
| AGNC | AGNC Investment Corp | 1,063,400 | $18.8M | 0.2% | $17.68 | — | COM | 00123Q104 |
| — | Annaly Capital Management | 1,974,030 | $18.59M | 0.2% | $9.42 | — | COM | 035710409 |
| ELS | Equity Lifestyle Properties | 257,130 | $18.1M | 0.2% | $70.39 | — | COM | 29472R108 |
| CPT | Camden Property Trust | 147,877 | $15.69M | 0.2% | $64.52 | +39.0% | COM | 133131102 |
| VNO | Vornado Realty Trust | 223,120 | $14.84M | 0.2% | $66.50 | — | COM | 929042109 |
| ABR | Arbor Realty Trust Inc | 879,730 | $12.62M | 0.2% | $14.35 | — | COM | 038923108 |
| DEI | Douglas Emmett Inc | 240,120 | $10.54M | 0.1% | $43.90 | — | COM | 25960P109 |
| WPC | WP Carey Inc | 130,676 | $10.46M | 0.1% | $65.98 | — | COM | 92936U109 |
| KIM | Kimco Realty Corp | 499,200 | $10.34M | 0.1% | $15.92 | 0.0% | COM | 49446R109 |
| TRNO | Terreno Realty Corp | 161,950 | $8.768M | 0.1% | $51.61 | — | COM | 88146M101 |
| — | American Campus Communities | 176,946 | $8.322M | 0.1% | $47.03 | — | COM | 024835100 |
| CUBE | Cubesmart | 248,116 | $7.811M | 0.1% | $28.21 | — | COM | 229663109 |
| UE | Urban Edge Properties | 379,521 | $7.279M | 0.1% | $19.83 | — | COM | 91704F104 |
| FR | First Industrial Realty Trust | 161,906 | $6.721M | 0.1% | $29.00 | — | COM | 32054K103 |
| CDP | Corporate Office Properties Trust | 223,700 | $6.572M | 0.1% | $29.05 | — | COM | 22002T108 |
| HIW | Highwoods Properties Inc | 130,800 | $6.397M | 0.1% | $48.90 | — | COM | 431284108 |
| EGP | EastGroup Properties Inc | 48,200 | $6.395M | 0.1% | $132.68 | — | COM | 277276101 |
| ADC | Agree Realty Corp | 90,910 | $6.379M | 0.1% | $67.18 | — | COM | 008492100 |
| — | Spirit Realty Capital | 125,200 | $6.157M | 0.1% | $49.18 | — | COM | 84860W300 |
| TRTX | TPG RE Finance Trust Inc | 292,030 | $5.919M | 0.1% | $20.27 | — | COM | 87266M107 |
| RITM | New Residential Investment Corp | 365,110 | $5.882M | 0.1% | $16.11 | — | COM | 64828T201 |
| — | QTS Realty Trust | 108,389 | $5.882M | 0.1% | $53.10 | — | COM | 74736A103 |
| — | Healthcare Realty Trust | 169,000 | $5.64M | 0.1% | $33.37 | — | COM | 421946104 |
| STAG | STAG Industrial | 174,801 | $5.518M | 0.1% | $31.57 | — | COM | 85254J102 |
| ACRE | Ares Commercial Real Estate | 328,900 | $5.21M | 0.1% | $15.84 | — | COM | 04013V108 |
| — | Weingarten Realty Investment Trust | 156,200 | $4.88M | 0.1% | $31.24 | — | COM | 948741103 |
| — | PS Business Parks Inc/CA | 25,800 | $4.254M | 0.1% | $164.88 | — | COM | 69360J107 |
| KREF | KKR Real Estate Finance Trust Inc | 182,070 | $3.718M | 0.0% | $20.42 | — | COM | 48251K100 |
| MAC | Macerich Company | 136,687 | $3.68M | 0.0% | $53.47 | — | COM | 554382101 |
| PDM | Piedmont Office Realty Trust Inc | 162,650 | $3.617M | 0.0% | $22.24 | — | COM | 720190206 |
| — | Paramount Group Inc | 250,746 | $3.49M | 0.0% | $13.92 | — | COM | 69924R108 |
| WY | Weyerhauser Co | 110,930 | $3.35M | 0.0% | $23.29 | -0.8% | COM | 962166104 |
| — | Two Harbors Investment Corp | 225,990 | $3.304M | 0.0% | $14.62 | — | COM | 90187B408 |
| GDS | GDS Holdings Ltd - ADR | 61,855 | $3.19M | 0.0% | $39.22 | — | ADR | 36165L108 |
| RWT | Redwood Trust | 180,900 | $2.992M | 0.0% | $16.54 | — | COM | 758075402 |
| ELME | Washington REIT | 102,200 | $2.982M | 0.0% | $29.18 | — | COM | 939653101 |
| AKR | Acadia Realty Trust | 110,180 | $2.857M | 0.0% | $25.93 | — | COM | 004239109 |
| MAR | Marriott International | 18,600 | $2.817M | 0.0% | $128.46 | 0.0% | COM | 571903202 |
| AAT | American Assets Trust | 60,770 | $2.789M | 0.0% | $45.89 | — | COM | 024013104 |
| — | SITE Centers Corp | 191,324 | $2.682M | 0.0% | $14.02 | — | COM | 82981J109 |
| NSA | National Storage Affiliates Trust | 76,415 | $2.569M | 0.0% | $33.62 | — | COM | 637870106 |
| NEE | NEXTERA ENERGY INC | 10,300 | $2.494M | 0.0% | $43.81 | +14.5% | COM | 65339F101 |
| RYN | Rayonier Inc | 67,650 | $2.216M | 0.0% | $29.86 | — | COM | 754907103 |
| ARI | Apollo Commercial Real Estate Finance | 120,930 | $2.212M | 0.0% | $18.29 | — | COM | 03762U105 |
| — | Coresite Realty Corp | 19,570 | $2.194M | 0.0% | $109.69 | — | COM | 21870Q105 |
| KRG | Kite Realty Group Trust | 109,496 | $2.138M | 0.0% | $19.53 | — | COM | 49803T300 |
| — | iStar Inc | 137,980 | $2.002M | 0.0% | $14.51 | — | COM | 45031U101 |
| SBRA | Sabra Health Care REIT Inc | 81,981 | $1.749M | 0.0% | $21.33 | — | COM | 78573L106 |
| AHRT | Armada Hoffler Properties | 65,400 | $1.2M | 0.0% | $18.35 | — | COM | 04208T108 |
| CHCT | Community Healthcare Trust Inc | 24,500 | $1.05M | 0.0% | $42.86 | — | COM | 20369C106 |
| VRE | Mack Cali Realty Corporation | 41,385 | $957K | 0.0% | $16.71 | — | COM | 554489104 |
| — | Preferred Apartment Communities - A | 53,800 | $717K | 0.0% | $13.33 | — | COM | 74039L103 |
| SO | SOUTHERN CO/THE | 2,380 | $152K | 0.0% | $38.18 | +28.1% | COM | 842587107 |
| D | DOMINION ENERGY INC | 1,670 | $138K | 0.0% | $54.95 | +13.6% | COM | 25746U109 |
| AEP | AMERICAN ELECTRIC POWER | 1,420 | $134K | 0.0% | $74.24 | 0.0% | COM | 025537101 |
| UNP | UNION PACIFIC CORP | 590 | $107K | 0.0% | $143.81 | +3.9% | COM | 907818108 |
| FE | FIRSTENERGY CORP | 2,030 | $99,000 | 0.0% | $25.99 | +42.6% | COM | 337932107 |
| XEL | XCEL Energy Inc | 1,540 | $98,000 | 0.0% | $49.21 | +5.1% | COM | 98389B100 |
| AEE | AMEREN CORPORATION | 1,150 | $88,000 | 0.0% | $61.96 | +2.7% | COM | 023608102 |
| ETR | ENTERGY CORP | 730 | $87,000 | 0.0% | $30.54 | +54.4% | COM | 29364G103 |
| OKE | ONEOK INC | 1,130 | $86,000 | 0.0% | $47.69 | 0.0% | COM | 682680103 |
| WMB | WILLIAMS COS INC | 3,320 | $79,000 | 0.0% | $18.36 | -11.4% | COM | 969457100 |
| LNT | ALLIANT ENERGY CORP | 1,190 | $65,000 | 0.0% | $36.27 | +20.8% | COM | 018802108 |
| EIX | EDISON INTERNATIONAL | 840 | $63,000 | 0.0% | $48.05 | +11.8% | COM | 281020107 |
| SRE | SEMPRA ENERGY | 360 | $55,000 | 0.0% | $46.29 | +29.5% | COM | 816851109 |
| DUK | DUKE ENERGY CORP | 560 | $51,000 | 0.0% | $56.09 | +28.0% | COM | 26441C204 |
| CSX | CSX CORP | 680 | $49,000 | 0.0% | $21.78 | 0.0% | COM | 126408103 |
| PPL | PPL CORPORATION | 1,200 | $43,000 | 0.0% | $24.48 | +5.8% | COM | 69351T106 |
| OGS | ONE GAS INC | 390 | $36,000 | 0.0% | $91.47 | 0.0% | COM | 68235P108 |
| — | AQUA AMERICA INC | 775 | $36,000 | 0.0% | $41.29 | — | COM | 03836W103 |
| EPD | ENTERPRISE PRODUCTS PARTNERS | 1,240 | $35,000 | 0.0% | $28.90 | — | COM | 293792107 |
| — | MACQUARIE INFRASTRUCTURE CORPORATION | 730 | $31,000 | 0.0% | $41.05 | — | COM | 55608B105 |
| PEG | PUBLIC SERVICE ENTERPRISE GP | 400 | $24,000 | 0.0% | $39.92 | +23.1% | COM | 744573106 |
| SVC | Service Properties Trust | 929 | $23,000 | 0.0% | $24.76 | — | COM | 81761L102 |
| GEO | The Geo Group Inc | 1,296 | $22,000 | 0.0% | $12.82 | 0.0% | COM | 36162J106 |
| GNL | Global Net Lease Inc | 1,003 | $20,000 | 0.0% | $19.94 | — | COM | 379378201 |
| IRT | Independence Realty Trust Inc | 1,355 | $19,000 | 0.0% | $14.02 | — | COM | 45378A106 |
| OPITQ | Office Properties Income Trust | 551 | $18,000 | 0.0% | $32.67 | — | COM | 67623C109 |
| CNP | CENTERPOINT ENERGY | 610 | $17,000 | 0.0% | $22.15 | +3.7% | COM | 15189T107 |
| — | American Finance Trust Inc | 928 | $12,000 | 0.0% | $12.93 | — | COM | 02607T109 |
| — | RPT Realty | 590 | $9,000 | 0.0% | $15.25 | — | COM | 74971D101 |
| PCG | P G & E CORP | 810 | $9,000 | 0.0% | $42.05 | -79.9% | COM | 69331C108 |
| — | Hersha Hospitality Trust | 426 | $6,000 | 0.0% | $14.08 | — | COM | 427825500 |