Location: Conshohocken, PA
CIK: 0001725296 · Show all filings
Period: Q2 2025 (← Previous) (Next →)
Filing Date: Aug 12, 2025
Total Value: $9.641B (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| WELL | Welltower Inc | 4,998,210 | $768M | 8.0% | $63.05 | +134.5% | COM | 95040Q104 |
| EQIX | Equinix Inc | 898,861 | $715M | 7.4% | $590.58 | +41.5% | COM | 29444U700 |
| PLD | Prologis Trust | 6,792,210 | $714M | 7.4% | $77.18 | +32.6% | COM | 74340W103 |
| DLR | Digital Realty Trust Inc | 2,969,099 | $518M | 5.4% | $114.32 | +40.1% | COM | 253868103 |
| VTR | Ventas Inc | 7,006,557 | $442M | 4.6% | $45.46 | +40.7% | COM | 92276F100 |
| EXR | Extra Space Storage Inc | 2,693,408 | $397M | 4.1% | $123.57 | +14.0% | COM | 30225T102 |
| UDR | UDR Inc | 8,927,273 | $365M | 3.8% | $35.49 | +14.0% | COM | 902653104 |
| CPT | Camden Property Trust | 2,691,575 | $303M | 3.1% | $92.41 | +21.3% | COM | 133131102 |
| EQR | Equity Residential Properties | 4,137,618 | $279M | 2.9% | $58.28 | +14.3% | COM | 29476L107 |
| BRX | Brixmor Property Group Inc | 10,438,616 | $272M | 2.8% | $21.38 | — | COM | 11120U105 |
| O | Realty Income Corp | 4,605,962 | $265M | 2.8% | $53.33 | +2.1% | COM | 756109104 |
| DOC | Healthpeak Properties Inc | 14,759,095 | $258M | 2.7% | $19.18 | -11.4% | COM | 42250P103 |
| SPG | Simon Property Group Inc | 1,585,293 | $255M | 2.6% | $96.57 | +58.1% | COM | 828806109 |
| KIM | Kimco Realty Corp | 11,746,912 | $247M | 2.6% | $18.27 | +9.8% | COM | 49446R109 |
| PSA | Public Storage Inc | 830,237 | $244M | 2.5% | $251.38 | +14.4% | COM | 74460D109 |
| INVH | Invitation Homes Inc | 6,904,764 | $226M | 2.3% | $27.35 | +19.2% | COM | 46187W107 |
| IRM | Iron Mountain Inc | 2,030,916 | $208M | 2.2% | $74.52 | +23.4% | COM | 46284V101 |
| ADC | Agree Realty Corp | 2,844,960 | $208M | 2.2% | $67.73 | — | COM | 008492100 |
| KRG | Kite Realty Group Trust | 7,397,582 | $168M | 1.7% | $23.41 | — | COM | 49803T300 |
| CUZ | Cousins Properties Inc | 5,535,661 | $166M | 1.7% | $27.69 | — | COM | 222795502 |
| HST | Host Hotels & Resorts Inc | 10,712,469 | $165M | 1.7% | $15.00 | -5.5% | COM | 44107P104 |
| REXR | Rexford Industrial Realty | 4,327,837 | $154M | 1.6% | $47.64 | — | COM | 76169C100 |
| AMH | American Homes 4 Rent | 4,188,308 | $151M | 1.6% | $36.49 | — | COM | 02665T306 |
| VICI | VICI Properties Inc | 4,226,758 | $138M | 1.4% | $26.66 | +14.5% | COM | 925652109 |
| BXP | BXP Inc | 2,032,390 | $137M | 1.4% | $55.67 | +15.7% | COM | 101121101 |
| OHI | Omega Healthcare Investors Inc | 3,598,740 | $132M | 1.4% | $32.27 | — | COM | 681936100 |
| AHR | American Healthcare REIT Inc | 3,396,303 | $125M | 1.3% | $13.73 | — | COM | 398182303 |
| FR | First Industrial Realty Trust | 2,499,328 | $120M | 1.2% | $47.52 | — | COM | 32054K103 |
| VNO | Vornado Realty Trust | 3,129,938 | $120M | 1.2% | $34.34 | — | COM | 929042109 |
| FRT | Federal Realty Investment Trus | 1,243,548 | $118M | 1.2% | $104.18 | -12.3% | COM | 313745101 |
| CUBE | Cubesmart | 2,679,703 | $114M | 1.2% | $45.01 | — | COM | 229663109 |
| AMT | American Tower Corp | 428,897 | $94.79M | 1.0% | $187.12 | +12.4% | COM | 03027X100 |
| NNN | NNN REIT | 1,892,437 | $81.72M | 0.8% | $42.74 | — | COM | 637417106 |
| BNL | Broadstone Net Lease Inc | 4,906,185 | $78.74M | 0.8% | $17.16 | — | COM | 11135E203 |
| SUI | Sun Communities Inc | 616,243 | $77.95M | 0.8% | $138.33 | — | COM | 866674104 |
| HR | Healthcare Realty Trust Inc | 4,347,618 | $68.95M | 0.7% | $16.30 | — | COM | 42226K105 |
| COLD | Americold Realty Trust Inc | 3,728,925 | $62.01M | 0.6% | $26.52 | — | COM | 03064D108 |
| NHI | National Health Investors | 810,298 | $56.82M | 0.6% | $75.48 | — | COM | 63633D104 |
| LINE | Lineage Inc | 1,253,175 | $54.54M | 0.6% | $76.87 | — | COM | 53566V106 |
| DRH | DiamondRock Hospitality Co | 7,109,508 | $54.46M | 0.6% | $8.29 | — | COM | 252784301 |
| NTST | NetSTREIT Corp | 2,563,155 | $43.39M | 0.5% | $16.04 | — | COM | 64119V303 |
| ARE | Alexandria Real Estate Equitie | 548,418 | $39.83M | 0.4% | $128.06 | -44.7% | COM | 015271109 |
| SBAC | SBA Communications Corp | 161,687 | $37.97M | 0.4% | $254.29 | -11.2% | COM | 78410G104 |
| MAC | Macerich Company | 2,338,930 | $37.84M | 0.4% | $17.35 | — | COM | 554382101 |
| LAMR | Lamar Advertising Company | 297,724 | $36.13M | 0.4% | $110.83 | — | COM | 512816109 |
| IRT | Independence Realty Trust Inc | 1,850,950 | $32.74M | 0.3% | $17.57 | — | COM | 45378A106 |
| ESS | Essex Property Trust Inc | 90,106 | $25.54M | 0.3% | $221.69 | +23.1% | COM | 297178105 |
| — | LXP Industrial Trust | 3,006,000 | $24.83M | 0.3% | $8.76 | — | COM | 529043101 |
| DEI | Douglas Emmett Inc | 1,645,280 | $24.75M | 0.3% | $15.06 | — | COM | 25960P109 |
| REG | Regency Centers Corp | 332,966 | $23.72M | 0.2% | $58.85 | +18.0% | COM | 758849103 |
| AVB | Avalon Bay Communities | 115,790 | $23.56M | 0.2% | $154.39 | +28.9% | COM | 053484101 |
| ESRT | Empire State Realty Trust | 2,848,359 | $23.04M | 0.2% | $7.86 | — | COM | 292104106 |
| SHO | Sunstone Hotel Investors Inc | 2,571,542 | $22.32M | 0.2% | $10.34 | — | COM | 867892101 |
| MAA | Mid-America Apartment Communit | 124,150 | $18.38M | 0.2% | $151.10 | +0.9% | COM | 59522J103 |
| APLE | Apple Hospitality REIT Inc | 1,247,430 | $14.56M | 0.2% | $11.69 | — | COM | 03784Y200 |
| ELME | Elme Communities | 878,725 | $13.97M | 0.1% | $15.80 | — | COM | 939653101 |
| WY | Weyerhaeuser Co | 412,239 | $10.59M | 0.1% | $27.25 | -6.2% | COM | 962166104 |
| VTMX | Corp Inmobiliaria Vesta SAB | 348,992 | $9.559M | 0.1% | $30.83 | — | COM | 92540K109 |
| — | Hudson Pacific Properties | 3,320,345 | $9.098M | 0.1% | $2.74 | — | COM | 444097109 |
| EGP | EastGroup Properties Inc | 41,300 | $6.902M | 0.1% | $174.60 | — | COM | 277276101 |
| STAG | STAG Industrial | 184,800 | $6.705M | 0.1% | $35.11 | — | COM | 85254J102 |
| CCI | Crown Castle Intl Corp | 55,360 | $5.687M | 0.1% | $109.18 | -10.2% | COM | 22822V101 |
| ELS | Equity Lifestyle Properties | 77,030 | $4.75M | 0.0% | $64.44 | — | COM | 29472R108 |
| RHP | Ryman Hospitality Properties | 38,294 | $3.778M | 0.0% | $101.02 | — | COM | 78377T107 |
| TRNO | Terreno Realty Corp | 59,467 | $3.334M | 0.0% | $58.87 | — | COM | 88146M101 |
| KRC | Kilroy Realty Corporation | 86,491 | $2.968M | 0.0% | $64.82 | — | COM | 49427F108 |
| — | Pebblebrook Hotel 6.375 Serie | 127,246 | $2.234M | 0.0% | $17.15 | — | COM | 70509V605 |
| FVR | FrontView REIT Inc | 183,220 | $2.199M | 0.0% | $15.26 | — | COM | 35922N100 |
| CDP | COPT Defense Properties | 70,500 | $1.944M | 0.0% | $27.72 | — | COM | 22002T108 |
| DBRG | DigitalBridge Group Inc | 142,500 | $1.475M | 0.0% | $15.92 | -40.2% | COM | 25401T603 |
| CBRE | CBRE Group Inc - A | 9,140 | $1.281M | 0.0% | $109.03 | +16.0% | COM | 12504L109 |
| CSR | Centerspace | 14,600 | $879K | 0.0% | $60.00 | — | COM | 15202L107 |
| EPRT | Essential Properties Realty | 23,093 | $737K | 0.0% | $26.08 | — | COM | 29670E107 |
| — | Pebblebrook Hotel 6.300 Serie | 40,594 | $712K | 0.0% | $17.51 | — | COM | 70509V704 |
| NEE | NEXTERA ENERGY INC | 8,500 | $590K | 0.0% | $61.02 | +11.6% | COM | 65339F101 |
| FCPT | Four Corners Property Trust | 21,666 | $583K | 0.0% | $25.58 | — | COM | 35086T109 |
| JLL | Jones Lang LaSalle Inc | 990 | $253K | 0.0% | $242.49 | -5.5% | COM | 48020Q107 |
| SMA | SmartStop Self Storage REIT In | 5,530 | $200K | 0.0% | $36.23 | — | COM | 83192D402 |