Location: Conshohocken, PA
CIK: 0001725296 · Show all filings
Period: Q1 2025 (← Previous) (Next →)
Filing Date: May 9, 2025
Total Value: $9.661B (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| WELL | Welltower Inc | 4,962,246 | $760M | 7.9% | $63.05 | +122.5% | COM | 95040Q104 |
| PLD | Prologis Trust | 6,708,300 | $750M | 7.8% | $76.86 | +45.5% | COM | 74340W103 |
| EQIX | Equinix Inc | 885,983 | $722M | 7.5% | $587.02 | +50.0% | COM | 29444U700 |
| VTR | Ventas Inc | 6,843,065 | $471M | 4.9% | $45.01 | +38.0% | COM | 92276F100 |
| DLR | Digital Realty Trust Inc | 3,035,478 | $435M | 4.5% | $114.32 | +38.2% | COM | 253868103 |
| EXR | Extra Space Storage Inc | 2,645,359 | $393M | 4.1% | $123.26 | +17.8% | COM | 30225T102 |
| UDR | UDR Inc | 8,423,229 | $380M | 3.9% | $35.19 | +17.6% | COM | 902653104 |
| INVH | Invitation Homes Inc | 10,853,109 | $378M | 3.9% | $27.35 | +13.7% | COM | 46187W107 |
| CPT | Camden Property Trust | 2,614,150 | $320M | 3.3% | $91.82 | +23.3% | COM | 133131102 |
| EQR | Equity Residential Properties | 4,277,430 | $306M | 3.2% | $58.28 | +16.3% | COM | 29476L107 |
| O | Realty Income Corp | 4,971,123 | $288M | 3.0% | $53.33 | -1.4% | COM | 756109104 |
| SPG | Simon Property Group Inc | 1,618,038 | $269M | 2.8% | $96.57 | +72.8% | COM | 828806109 |
| DOC | Healthpeak Properties Inc | 13,285,932 | $269M | 2.8% | $19.43 | -1.9% | COM | 42250P103 |
| PSA | Public Storage Inc | 862,916 | $258M | 2.7% | $251.38 | +14.4% | COM | 74460D109 |
| BRX | Brixmor Property Group Inc | 8,049,652 | $214M | 2.2% | $19.99 | — | COM | 11120U105 |
| KIM | Kimco Realty Corp | 9,000,485 | $191M | 2.0% | $17.72 | +17.8% | COM | 49446R109 |
| REXR | Rexford Industrial Realty | 4,808,035 | $188M | 1.9% | $47.64 | — | COM | 76169C100 |
| ADC | Agree Realty Corp | 2,431,960 | $188M | 1.9% | $66.82 | — | COM | 008492100 |
| IRM | Iron Mountain Inc | 2,008,437 | $173M | 1.8% | $74.33 | +25.3% | COM | 46284V101 |
| BXP | BXP Inc | 2,514,277 | $169M | 1.7% | $55.67 | +20.0% | COM | 101121101 |
| HST | Host Hotels & Resorts Inc | 11,235,809 | $160M | 1.7% | $15.00 | +2.1% | COM | 44107P104 |
| CUZ | Cousins Properties Inc | 5,183,579 | $153M | 1.6% | $27.53 | — | COM | 222795502 |
| NNN | NNN REIT | 3,168,145 | $135M | 1.4% | $42.74 | — | COM | 637417106 |
| KRG | Kite Realty Group Trust | 5,960,072 | $133M | 1.4% | $23.60 | — | COM | 49803T300 |
| VICI | VICI Properties Inc | 3,941,964 | $129M | 1.3% | $26.38 | +10.5% | COM | 925652109 |
| FR | First Industrial Realty Trust | 2,379,896 | $128M | 1.3% | $47.49 | — | COM | 32054K103 |
| AMT | American Tower Corp | 554,287 | $121M | 1.2% | $187.12 | +1.3% | COM | 03027X100 |
| FRT | Federal Realty Investment Trus | 1,211,041 | $118M | 1.2% | $104.53 | -5.0% | COM | 313745101 |
| SUI | Sun Communities Inc | 851,000 | $109M | 1.1% | $138.33 | — | COM | 866674104 |
| AHR | American Healthcare REIT Inc | 3,539,273 | $107M | 1.1% | $13.73 | — | COM | 398182303 |
| CUBE | Cubesmart | 2,437,703 | $104M | 1.1% | $45.26 | — | COM | 229663109 |
| VNO | Vornado Realty Trust | 2,595,901 | $96.02M | 1.0% | $33.54 | — | COM | 929042109 |
| OHI | Omega Healthcare Investors Inc | 2,124,230 | $80.89M | 0.8% | $29.22 | — | COM | 681936100 |
| COLD | Americold Realty Trust Inc | 3,722,935 | $79.89M | 0.8% | $26.52 | — | COM | 03064D108 |
| LAMR | Lamar Advertising Company | 655,886 | $74.63M | 0.8% | $110.83 | — | COM | 512816109 |
| LINE | Lineage Inc | 1,262,475 | $74.02M | 0.8% | $76.87 | — | COM | 53566V106 |
| MAA | Mid-America Apartment Communit | 412,895 | $69.19M | 0.7% | $151.10 | +1.4% | COM | 59522J103 |
| AMH | American Homes 4 Rent | 1,825,434 | $69.02M | 0.7% | $37.03 | — | COM | 02665T306 |
| BNL | Broadstone Net Lease Inc | 3,954,526 | $67.39M | 0.7% | $17.43 | — | COM | 11135E203 |
| ARE | Alexandria Real Estate Equitie | 523,158 | $48.4M | 0.5% | $130.83 | -29.7% | COM | 015271109 |
| DRH | DiamondRock Hospitality Co | 5,967,761 | $46.07M | 0.5% | $8.41 | — | COM | 252784301 |
| NTST | NetSTREIT Corp | 2,388,977 | $37.87M | 0.4% | $15.97 | — | COM | 64119V303 |
| SBAC | SBA Communications Corp | 170,147 | $37.43M | 0.4% | $254.29 | -19.2% | COM | 78410G104 |
| — | LXP Industrial Trust | 4,271,470 | $36.95M | 0.4% | $8.76 | — | COM | 529043101 |
| NHI | National Health Investors | 495,971 | $36.63M | 0.4% | $78.87 | — | COM | 63633D104 |
| MAC | Macerich Company | 2,082,086 | $35.75M | 0.4% | $17.50 | — | COM | 554382101 |
| HR | Healthcare Realty Trust Inc | 1,824,518 | $30.83M | 0.3% | $16.90 | — | COM | 42226K105 |
| REG | Regency Centers Corp | 399,700 | $29.48M | 0.3% | $58.85 | +19.0% | COM | 758849103 |
| ESS | Essex Property Trust Inc | 88,598 | $27.16M | 0.3% | $220.82 | +27.5% | COM | 297178105 |
| AVB | Avalon Bay Communities | 115,790 | $24.85M | 0.3% | $154.39 | +35.7% | COM | 053484101 |
| PEB | Pebblebrook Hotel Trust | 2,337,309 | $23.68M | 0.2% | $12.89 | — | COM | 70509V100 |
| ESRT | Empire State Realty Trust | 2,805,998 | $21.94M | 0.2% | $7.86 | — | COM | 292104106 |
| SHO | Sunstone Hotel Investors Inc | 1,443,154 | $13.58M | 0.1% | $11.64 | — | COM | 867892101 |
| WY | Weyerhaeuser Co | 435,839 | $12.76M | 0.1% | $27.25 | +5.9% | COM | 962166104 |
| EGP | EastGroup Properties Inc | 55,722 | $9.815M | 0.1% | $174.60 | — | COM | 277276101 |
| ELS | Equity Lifestyle Properties | 108,030 | $7.206M | 0.1% | $64.44 | — | COM | 29472R108 |
| VTMX | Corp Inmobiliaria Vesta SAB | 305,752 | $6.974M | 0.1% | $31.32 | — | COM | 92540K109 |
| STAG | STAG Industrial | 184,800 | $6.675M | 0.1% | $35.11 | — | COM | 85254J102 |
| CCI | Crown Castle Intl Corp | 57,510 | $5.994M | 0.1% | $109.18 | -18.4% | COM | 22822V101 |
| RHP | Ryman Hospitality Properties | 61,180 | $5.594M | 0.1% | $101.02 | — | COM | 78377T107 |
| TRNO | Terreno Realty Corp | 59,358 | $3.753M | 0.0% | $58.87 | — | COM | 88146M101 |
| KRC | Kilroy Realty Corporation | 90,991 | $2.981M | 0.0% | $64.82 | — | COM | 49427F108 |
| — | Pebblebrook Hotel 6.375 Series | 127,246 | $2.182M | 0.0% | $17.15 | — | PFD | 70509V605 |
| FVR | FrontView REIT Inc | 164,484 | $2.104M | 0.0% | $15.63 | — | COM | 35922N100 |
| CDP | COPT Defense Properties | 72,140 | $1.967M | 0.0% | $27.72 | — | COM | 22002T108 |
| IRT | Independence Realty Trust Inc | 79,000 | $1.677M | 0.0% | $14.84 | — | COM | 45378A106 |
| DBRG | DigitalBridge Group Inc | 174,000 | $1.535M | 0.0% | $15.92 | -34.2% | COM | 25401T603 |
| ELME | Elme Communities | 78,900 | $1.373M | 0.0% | $14.80 | — | COM | 939653101 |
| CBRE | CBRE Group Inc - A | 10,020 | $1.31M | 0.0% | $109.03 | +24.6% | COM | 12504L109 |
| CSR | Centerspace | 14,600 | $945K | 0.0% | $60.00 | — | COM | 15202L107 |
| DEI | Douglas Emmett Inc | 53,000 | $848K | 0.0% | $15.72 | — | COM | 25960P109 |
| EPRT | Essential Properties Realty | 22,591 | $737K | 0.0% | $25.95 | — | COM | 29670E107 |
| — | Pebblebrook Hotel 6.300 Series | 40,594 | $711K | 0.0% | $17.51 | — | PFD | 70509V704 |
| FCPT | Four Corners Property Trust | 21,666 | $622K | 0.0% | $25.58 | — | COM | 35086T109 |
| NEE | NEXTERA ENERGY INC | 8,500 | $603K | 0.0% | $61.02 | +12.5% | COM | 65339F101 |
| JLL | Jones Lang LaSalle Inc | 1,080 | $268K | 0.0% | $242.49 | +8.5% | COM | 48020Q107 |
| APLE | Apple Hospitality REIT Inc | 17,600 | $227K | 0.0% | $12.91 | — | COM | 03784Y200 |