Location: Conshohocken, PA
CIK: 0001725296 · Show all filings
Period: Q3 2025 (← Previous) (Next →)
Filing Date: Nov 12, 2025
Total Value: $9.954B (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| WELL | Welltower Inc | 5,257,190 | $937M | 9.4% | $68.00 | +140.3% | COM | 95040Q104 |
| PLD | Prologis Trust | 6,525,094 | $747M | 7.5% | $77.18 | +40.3% | COM | 74340W103 |
| EQIX | Equinix Inc | 885,960 | $694M | 7.0% | $590.58 | +31.1% | COM | 29444U700 |
| DLR | Digital Realty Trust Inc | 3,118,869 | $539M | 5.4% | $116.93 | +44.2% | COM | 253868103 |
| VTR | Ventas Inc | 6,484,117 | $454M | 4.6% | $45.46 | +45.9% | COM | 92276F100 |
| EXR | Extra Space Storage Inc | 2,920,697 | $412M | 4.1% | $124.90 | +12.6% | COM | 30225T102 |
| PSA | Public Storage Inc | 1,145,607 | $331M | 3.3% | $259.68 | +8.4% | COM | 74460D109 |
| UDR | UDR Inc | 8,796,358 | $328M | 3.3% | $35.49 | +8.5% | COM | 902653104 |
| CPT | Camden Property Trust | 2,730,472 | $292M | 2.9% | $92.63 | +16.3% | COM | 133131102 |
| SPG | Simon Property Group Inc | 1,523,981 | $286M | 2.9% | $96.57 | +75.1% | COM | 828806109 |
| BRX | Brixmor Property Group Inc | 10,109,284 | $280M | 2.8% | $21.38 | — | COM | 11120U105 |
| DOC | Healthpeak Properties Inc | 14,127,673 | $271M | 2.7% | $19.18 | -9.0% | COM | 42250P103 |
| KIM | Kimco Realty Corp | 11,935,173 | $261M | 2.6% | $18.32 | +16.2% | COM | 49446R109 |
| IRM | Iron Mountain Inc | 2,514,464 | $256M | 2.6% | $78.41 | +20.8% | COM | 46284V101 |
| O | Realty Income Corp | 4,081,551 | $248M | 2.5% | $53.33 | +6.7% | COM | 756109104 |
| ADC | Agree Realty Corp | 2,896,229 | $206M | 2.1% | $67.79 | — | COM | 008492100 |
| INVH | Invitation Homes Inc | 6,375,385 | $187M | 1.9% | $27.35 | +10.4% | COM | 46187W107 |
| KRG | Kite Realty Group Trust | 8,130,960 | $181M | 1.8% | $23.31 | — | COM | 49803T300 |
| AMH | American Homes 4 Rent | 5,271,280 | $175M | 1.8% | $35.82 | — | COM | 02665T306 |
| EQR | Equity Residential Properties | 2,686,937 | $174M | 1.7% | $58.28 | +9.9% | COM | 29476L107 |
| HST | Host Hotels & Resorts Inc | 9,754,354 | $166M | 1.7% | $15.00 | +7.2% | COM | 44107P104 |
| CUZ | Cousins Properties Inc | 5,668,140 | $164M | 1.6% | $27.72 | — | COM | 222795502 |
| VICI | VICI Properties Inc | 4,299,483 | $140M | 1.4% | $26.75 | +19.9% | COM | 925652109 |
| OHI | Omega Healthcare Investors Inc | 3,300,195 | $139M | 1.4% | $32.27 | — | COM | 681936100 |
| ESS | Essex Property Trust Inc | 516,756 | $138M | 1.4% | $257.53 | +2.9% | COM | 297178105 |
| BXP | BXP Inc | 1,823,510 | $136M | 1.4% | $55.67 | +24.3% | COM | 101121101 |
| AHR | American Healthcare REIT Inc | 3,102,843 | $130M | 1.3% | $13.73 | — | COM | 398182303 |
| FRT | Federal Realty Investment Trus | 1,270,854 | $129M | 1.3% | $103.97 | -9.1% | COM | 313745101 |
| VNO | Vornado Realty Trust | 3,172,261 | $129M | 1.3% | $34.42 | — | COM | 929042109 |
| REXR | Rexford Industrial Realty | 3,022,339 | $124M | 1.2% | $47.64 | — | COM | 76169C100 |
| FR | First Industrial Realty Trust | 2,397,107 | $123M | 1.2% | $47.52 | — | COM | 32054K103 |
| ELS | Equity Lifestyle Properties | 1,963,378 | $119M | 1.2% | $60.85 | — | COM | 29472R108 |
| BNL | Broadstone Net Lease Inc | 5,052,587 | $90.29M | 0.9% | $17.18 | — | COM | 11135E203 |
| NHI | National Health Investors | 986,708 | $78.44M | 0.8% | $76.20 | — | COM | 63633D104 |
| HR | Healthcare Realty Trust Inc | 4,325,248 | $77.98M | 0.8% | $16.30 | — | COM | 42226K105 |
| AMT | American Tower Corp | 369,506 | $71.06M | 0.7% | $187.12 | +9.3% | COM | 03027X100 |
| NTST | NetSTREIT Corp | 3,533,415 | $63.81M | 0.6% | $16.59 | — | COM | 64119V303 |
| NNN | NNN REIT | 1,420,526 | $60.47M | 0.6% | $42.74 | — | COM | 637417106 |
| DRH | DiamondRock Hospitality Co | 7,536,975 | $59.99M | 0.6% | $8.27 | — | COM | 252784301 |
| EGP | EastGroup Properties Inc | 297,319 | $50.32M | 0.5% | $170.00 | — | COM | 277276101 |
| ARE | Alexandria Real Estate Equitie | 578,318 | $48.2M | 0.5% | $125.46 | -38.0% | COM | 015271109 |
| MAC | Macerich Company | 2,546,325 | $46.34M | 0.5% | $17.42 | — | COM | 554382101 |
| COLD | Americold Realty Trust Inc | 3,295,782 | $40.34M | 0.4% | $26.52 | — | COM | 03064D108 |
| LAMR | Lamar Advertising Company | 289,004 | $35.38M | 0.4% | $110.83 | — | COM | 512816109 |
| SBAC | SBA Communications Corp | 154,065 | $29.79M | 0.3% | $254.29 | -15.6% | COM | 78410G104 |
| LINE | Lineage Inc | 699,550 | $27.03M | 0.3% | $76.87 | — | COM | 53566V106 |
| ESRT | Empire State Realty Trust | 3,475,569 | $26.62M | 0.3% | $7.83 | — | COM | 292104106 |
| REG | Regency Centers Corp | 351,963 | $25.66M | 0.3% | $59.45 | +17.7% | COM | 758849103 |
| DEI | Douglas Emmett Inc | 1,641,820 | $25.56M | 0.3% | $15.06 | — | COM | 25960P109 |
| MAA | Mid-America Apartment Communit | 178,050 | $24.88M | 0.2% | $148.54 | -4.0% | COM | 59522J103 |
| AVB | Avalon Bay Communities | 118,290 | $22.85M | 0.2% | $155.17 | +23.2% | COM | 053484101 |
| CCI | Crown Castle Intl Corp | 183,950 | $17.75M | 0.2% | $102.14 | -3.0% | COM | 22822V101 |
| SHO | Sunstone Hotel Investors Inc | 1,398,076 | $13.1M | 0.1% | $10.34 | — | COM | 867892101 |
| ELME | Elme Communities | 773,830 | $13.05M | 0.1% | $15.80 | — | COM | 939653101 |
| APLE | Apple Hospitality REIT Inc | 1,024,590 | $12.31M | 0.1% | $11.69 | — | COM | 03784Y200 |
| PDM | Piedmont Office Realty Trust I | 1,348,706 | $12.14M | 0.1% | $9.00 | — | COM | 720190206 |
| WY | Weyerhaeuser Co | 463,179 | $11.48M | 0.1% | $27.03 | -6.8% | COM | 962166104 |
| VTMX | Corp Inmobiliaria Vesta SAB | 366,102 | $10.36M | 0.1% | $30.71 | — | COM | 92540K109 |
| — | Hudson Pacific Properties | 2,855,185 | $7.88M | 0.1% | $2.74 | — | COM | 444097109 |
| SUI | Sun Communities Inc | 51,323 | $6.621M | 0.1% | $138.33 | — | COM | 866674104 |
| STAG | STAG Industrial | 184,800 | $6.522M | 0.1% | $35.11 | — | COM | 85254J102 |
| DHC | Diversified Healthcare Trust | 1,447,333 | $6.383M | 0.1% | $4.41 | — | COM | 25525P107 |
| IVT | InvenTrust Properties Corp | 183,894 | $5.263M | 0.1% | $28.62 | — | COM | 46124J201 |
| RHP | Ryman Hospitality Properties | 52,590 | $4.712M | 0.0% | $97.92 | — | COM | 78377T107 |
| — | LXP Industrial Trust | 404,405 | $3.623M | 0.0% | $8.76 | — | COM | 529043101 |
| KRC | Kilroy Realty Corporation | 82,995 | $3.507M | 0.0% | $64.82 | — | COM | 49427F108 |
| TRNO | Terreno Realty Corp | 56,200 | $3.189M | 0.0% | $58.87 | — | COM | 88146M101 |
| — | Pebblebrook Hotel 6.375 Serie | 127,246 | $2.572M | 0.0% | $17.15 | — | COM | 70509V605 |
| FVR | FrontView REIT Inc | 184,370 | $2.528M | 0.0% | $15.26 | — | COM | 35922N100 |
| CDP | COPT Defense Properties | 72,000 | $2.092M | 0.0% | $27.75 | — | COM | 22002T108 |
| DBRG | DigitalBridge Group Inc | 140,700 | $1.646M | 0.0% | $15.92 | -29.9% | COM | 25401T603 |
| CBRE | CBRE Group Inc - A | 10,400 | $1.639M | 0.0% | $114.56 | +35.0% | COM | 12504L109 |
| IRT | Independence Realty Trust Inc | 79,000 | $1.295M | 0.0% | $17.57 | — | COM | 45378A106 |
| CSR | Centerspace | 14,600 | $860K | 0.0% | $60.00 | — | COM | 15202L107 |
| — | Pebblebrook Hotel 6.300 Serie | 40,594 | $820K | 0.0% | $17.51 | — | COM | 70509V704 |
| EPRT | Essential Properties Realty | 22,923 | $682K | 0.0% | $26.08 | — | COM | 29670E107 |
| FCPT | Four Corners Property Trust | 22,695 | $554K | 0.0% | $25.53 | — | COM | 35086T109 |
| NEE | NEXTERA ENERGY INC | 6,500 | $491K | 0.0% | $61.02 | +18.4% | COM | 65339F101 |
| CUBE | Cubesmart | 12,035 | $489K | 0.0% | $45.01 | — | COM | 229663109 |
| JLL | Jones Lang LaSalle Inc | 1,110 | $331K | 0.0% | $247.16 | +15.6% | COM | 48020Q107 |