Location: Conshohocken, PA
CIK: 0001725296 · Show all filings
Period: Q4 2025 (← Previous) (Next →)
Filing Date: Feb 12, 2026
Total Value: $10.13B (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| WELL | Welltower Inc | 5,542,002 | $1.029B | 10.2% | $74.08 | +151.7% | COM | 95040Q104 |
| PLD | Prologis Trust | 6,599,019 | $842M | 8.3% | $77.70 | +59.4% | COM | 74340W103 |
| EQIX | Equinix Inc | 893,230 | $684M | 6.8% | $590.58 | +32.3% | COM | 29444U700 |
| DLR | Digital Realty Trust Inc | 3,301,513 | $511M | 5.0% | $119.48 | +36.5% | COM | 253868103 |
| VTR | Ventas Inc | 6,491,417 | $502M | 5.0% | $45.46 | +64.9% | COM | 92276F100 |
| EXR | Extra Space Storage Inc | 3,034,077 | $395M | 3.9% | $125.28 | +7.8% | COM | 30225T102 |
| PSA | Public Storage Inc | 1,435,967 | $373M | 3.7% | $263.24 | +5.3% | COM | 74460D109 |
| UDR | UDR Inc | 9,389,350 | $344M | 3.4% | $35.49 | +0.1% | COM | 902653104 |
| BRX | Brixmor Property Group Inc | 12,384,526 | $325M | 3.2% | $22.27 | — | COM | 11120U105 |
| CPT | Camden Property Trust | 2,828,602 | $311M | 3.1% | $92.99 | +10.9% | COM | 133131102 |
| SPG | Simon Property Group Inc | 1,531,581 | $284M | 2.8% | $96.57 | +86.4% | COM | 828806109 |
| KIM | Kimco Realty Corp | 12,905,449 | $262M | 2.6% | $18.49 | +11.3% | COM | 49446R109 |
| O | Realty Income Corp | 4,346,751 | $245M | 2.4% | $53.58 | +7.1% | COM | 756109104 |
| ADC | Agree Realty Corp | 3,299,172 | $238M | 2.3% | $68.31 | — | COM | 008492100 |
| IRM | Iron Mountain Inc | 2,631,453 | $218M | 2.2% | $79.05 | +17.4% | COM | 46284V101 |
| KRG | Kite Realty Group Trust | 8,236,790 | $197M | 1.9% | $23.32 | — | COM | 49803T300 |
| AMH | American Homes 4 Rent | 6,135,358 | $197M | 1.9% | $35.30 | — | COM | 02665T306 |
| INVH | Invitation Homes Inc | 6,552,879 | $182M | 1.8% | $27.36 | +1.0% | COM | 46187W107 |
| FR | First Industrial Realty Trust | 2,649,757 | $152M | 1.5% | $48.45 | — | COM | 32054K103 |
| CUZ | Cousins Properties Inc | 5,847,176 | $151M | 1.5% | $27.66 | — | COM | 222795502 |
| OHI | Omega Healthcare Investors Inc | 3,347,215 | $148M | 1.5% | $32.44 | — | COM | 681936100 |
| ELS | Equity Lifestyle Properties | 2,433,155 | $147M | 1.5% | $60.80 | — | COM | 29472R108 |
| ESS | Essex Property Trust Inc | 548,017 | $143M | 1.4% | $257.46 | -0.5% | COM | 297178105 |
| AHR | American Healthcare REIT Inc | 3,021,872 | $142M | 1.4% | $13.73 | — | COM | 398182303 |
| EQR | Equity Residential Properties | 2,238,709 | $141M | 1.4% | $58.28 | +4.1% | COM | 29476L107 |
| HST | Host Hotels & Resorts Inc | 7,792,559 | $138M | 1.4% | $15.00 | +12.8% | COM | 44107P104 |
| VICI | VICI Properties Inc | 4,173,251 | $117M | 1.2% | $26.75 | +9.5% | COM | 925652109 |
| MAC | Macerich Company | 6,354,661 | $117M | 1.2% | $18.04 | — | COM | 554382101 |
| BXP | BXP Inc | 1,735,946 | $117M | 1.2% | $55.67 | +26.4% | COM | 101121101 |
| REXR | Rexford Industrial Realty | 2,862,569 | $111M | 1.1% | $47.64 | — | COM | 76169C100 |
| HR | Healthcare Realty Trust Inc | 5,970,456 | $101M | 1.0% | $16.48 | — | COM | 42226K105 |
| VNO | Vornado Realty Trust | 3,003,497 | $99.96M | 1.0% | $34.42 | — | COM | 929042109 |
| NHI | National Health Investors | 1,154,060 | $88.14M | 0.9% | $76.22 | — | COM | 63633D104 |
| DOC | Healthpeak Properties Inc | 5,226,384 | $84.04M | 0.8% | $19.18 | -9.0% | COM | 42250P103 |
| ARE | Alexandria Real Estate Equitie | 1,602,065 | $78.41M | 0.8% | $82.36 | -29.6% | COM | 015271109 |
| EGP | EastGroup Properties Inc | 422,290 | $75.23M | 0.7% | $172.41 | — | COM | 277276101 |
| DRH | DiamondRock Hospitality Co | 7,780,988 | $69.72M | 0.7% | $8.29 | — | COM | 252784301 |
| BNL | Broadstone Net Lease Inc | 3,718,684 | $64.59M | 0.6% | $17.18 | — | COM | 11135E203 |
| NTST | NetSTREIT Corp | 3,653,585 | $64.45M | 0.6% | $16.63 | — | COM | 64119V303 |
| AMT | American Tower Corp | 353,536 | $62.07M | 0.6% | $187.12 | -3.6% | COM | 03027X100 |
| FRT | Federal Realty Investment Trus | 607,641 | $61.25M | 0.6% | $103.97 | -6.4% | COM | 313745101 |
| SBRA | Sabra Health Care REIT Inc | 2,654,480 | $50.28M | 0.5% | $18.94 | — | COM | 78573L106 |
| IVT | InvenTrust Properties Corp | 1,287,805 | $36.33M | 0.4% | $28.27 | — | COM | 46124J201 |
| SLG | SL Green Realty Corp | 670,360 | $30.75M | 0.3% | $45.87 | — | COM | 78440X887 |
| COLD | Americold Realty Trust Inc | 2,320,182 | $29.84M | 0.3% | $26.52 | — | COM | 03064D108 |
| PDM | Piedmont Office Realty Trust I | 3,429,364 | $28.6M | 0.3% | $8.60 | — | COM | 720190206 |
| DEI | Douglas Emmett Inc | 2,539,450 | $27.91M | 0.3% | $13.62 | — | COM | 25960P109 |
| LAMR | Lamar Advertising Company | 212,044 | $26.84M | 0.3% | $110.83 | — | COM | 512816109 |
| CCI | Crown Castle Intl Corp | 301,350 | $26.78M | 0.3% | $97.83 | -6.9% | COM | 22822V101 |
| REG | Regency Centers Corp | 352,034 | $24.3M | 0.2% | $59.45 | +16.9% | COM | 758849103 |
| RHP | Ryman Hospitality Properties | 248,030 | $23.47M | 0.2% | $95.32 | — | COM | 78377T107 |
| ESRT | Empire State Realty Trust | 3,524,489 | $22.98M | 0.2% | $7.81 | — | COM | 292104106 |
| MAA | Mid-America Apartment Communit | 159,582 | $22.17M | 0.2% | $148.54 | -10.5% | COM | 59522J103 |
| AVB | Avalon Bay Communities | 118,290 | $21.45M | 0.2% | $155.17 | +15.9% | COM | 053484101 |
| SBAC | SBA Communications Corp | 96,447 | $18.66M | 0.2% | $254.29 | -24.2% | COM | 78410G104 |
| LINE | Lineage Inc | 531,490 | $18.6M | 0.2% | $76.87 | — | COM | 53566V106 |
| DHC | Diversified Healthcare Trust | 3,229,172 | $15.66M | 0.2% | $4.65 | — | COM | 25525P107 |
| SHO | Sunstone Hotel Investors Inc | 1,517,366 | $13.57M | 0.1% | $10.23 | — | COM | 867892101 |
| RLJ | RLJ Lodging Trust | 1,779,010 | $13.25M | 0.1% | $7.45 | — | COM | 74965L101 |
| WY | Weyerhaeuser Co | 454,969 | $10.78M | 0.1% | $27.03 | -14.9% | COM | 962166104 |
| VTMX | Corp Inmobiliaria Vesta SAB | 330,340 | $10.07M | 0.1% | $30.71 | — | COM | 92540K109 |
| STAG | STAG Industrial | 184,800 | $6.793M | 0.1% | $35.11 | — | COM | 85254J102 |
| SUI | Sun Communities Inc | 51,323 | $6.359M | 0.1% | $138.33 | — | COM | 866674104 |
| HLT | Hilton Worldwide Holdings Inc | 20,150 | $5.788M | 0.1% | $272.20 | 0.0% | COM | 43300A203 |
| XHR | Xenia Hotels & Resorts Inc | 332,956 | $4.708M | 0.0% | $14.14 | — | COM | 984017103 |
| TRNO | Terreno Realty Corp | 56,200 | $3.3M | 0.0% | $58.87 | — | COM | 88146M101 |
| LXP | LXP Industrial Trust | 64,960 | $3.221M | 0.0% | $49.58 | — | COM | 529043408 |
| KRC | Kilroy Realty Corporation | 73,170 | $2.734M | 0.0% | $64.82 | — | COM | 49427F108 |
| — | Pebblebrook Hotel 6.375 Serie | 127,246 | $2.428M | 0.0% | $17.15 | — | COM | 70509V605 |
| CBRE | CBRE Group Inc - A | 10,470 | $1.683M | 0.0% | $114.56 | +37.2% | COM | 12504L109 |
| CDP | COPT Defense Properties | 57,000 | $1.585M | 0.0% | $27.75 | — | COM | 22002T108 |
| FVR | FrontView REIT Inc | 94,290 | $1.392M | 0.0% | $15.26 | — | COM | 35922N100 |
| IRT | Independence Realty Trust Inc | 79,000 | $1.381M | 0.0% | $17.57 | — | COM | 45378A106 |
| DBRG | DigitalBridge Group Inc | 52,000 | $798K | 0.0% | $15.92 | -24.6% | COM | 25401T603 |
| — | Pebblebrook Hotel 6.300 Serie | 40,594 | $773K | 0.0% | $17.51 | — | COM | 70509V704 |
| ELME | Elme Communities | 39,320 | $684K | 0.0% | $15.80 | — | COM | 939653101 |
| EPRT | Essential Properties Realty | 16,944 | $503K | 0.0% | $26.08 | — | COM | 29670E107 |
| NEE | NEXTERA ENERGY INC | 5,250 | $421K | 0.0% | $61.02 | +35.2% | COM | 65339F101 |
| JLL | Jones Lang LaSalle Inc | 1,120 | $377K | 0.0% | $247.16 | +26.8% | COM | 48020Q107 |
| FCPT | Four Corners Property Trust | 15,430 | $356K | 0.0% | $25.53 | — | COM | 35086T109 |
| ZG | Zillow Group Inc - A | 5,040 | $344K | 0.0% | $70.33 | 0.0% | COM | 98954M101 |