Vert Asset Management LLC Long-Term Concentrated

Location: Sausalito, CA

CIK: 0001904664 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Jan 27, 2026

Total Value: $301M (100.0% shares, 0.0% debt)

Holdings (46)

EQIX EQUINIX INC 7.6%

Value $22.74M Shares 29,684 Est. Cost $732.44 Unrealized +6.7%

SPG SIMON PPTY GROUP INC NEW 7.4%

Value $22.35M Shares 120,759 Est. Cost $113.04 Unrealized +59.2%

PLD PROLOGIS INC. 7.4%

Value $22.15M Shares 173,545 Est. Cost $115.63 Unrealized +7.1%

AMT AMERICAN TOWER CORP NEW 7.3%

Value $22.09M Shares 125,806 Est. Cost $198.22 Unrealized -9.0%

DLR DIGITAL RLTY TR INC 7.3%

Value $21.84M Shares 141,148 Est. Cost $125.60 Unrealized +29.9%

WELL WELLTOWER INC 7.2%

Value $21.56M Shares 116,162 Est. Cost $75.24 Unrealized +147.9%

VTR VENTAS INC 5.8%

Value $17.45M Shares 225,527 Est. Cost $50.09 Unrealized +49.7%

EXR EXTRA SPACE STORAGE INC 4.5%

Value $13.48M Shares 103,492 Est. Cost $141.52 Unrealized -4.6%

AVB AVALONBAY CMNTYS INC 4.2%

Value $12.62M Shares 69,583 Est. Cost $184.94 Unrealized -2.8%

IRM IRON MTN INC DEL 3.9%

Value $11.69M Shares 140,934 Est. Cost $56.41 Unrealized +64.5%

EQR EQUITY RESIDENTIAL 3.7%

Value $11.06M Shares 175,412 Est. Cost $63.73 Unrealized -4.8%

ESS ESSEX PPTY TR INC 2.7%

Value $8.02M Shares 30,650 Est. Cost $213.04 Unrealized +20.3%

MAA MID-AMER APT CMNTYS INC 2.6%

Value $7.949M Shares 57,222 Est. Cost $129.49 Unrealized +2.7%

KIM KIMCO RLTY CORP 2.3%

Value $6.816M Shares 336,256 Est. Cost $19.08 Unrealized +7.8%

HST HOST HOTELS & RESORTS INC 2.0%

Value $6.036M Shares 340,417 Est. Cost $15.05 Unrealized +12.5%

REG REGENCY CTRS CORP 1.9%

Value $5.861M Shares 84,912 Est. Cost $60.03 Unrealized +15.7%

UDR UDR INC 1.9%

Value $5.61M Shares 152,948 Est. Cost $41.15 Unrealized -13.7%

DOC HEALTHPEAK PROPERTIES INC 1.8%

Value $5.536M Shares 344,289 Est. Cost $20.68 Unrealized -15.6%

ELS EQUITY LIFESTYLE PPTYS INC 1.8%

Value $5.516M Shares 91,011 Est. Cost $71.64 Unrealized —

BXP BXP INC 1.6%

Value $4.835M Shares 71,644 Est. Cost $71.31 Unrealized -1.3%

REXR REXFORD INDL RLTY INC 1.5%

Value $4.582M Shares 118,345 Est. Cost $56.33 Unrealized —

FRT FEDERAL RLTY INVT TR NEW 1.3%

Value $3.917M Shares 38,860 Est. Cost $96.78 Unrealized +0.6%

BRX BRIXMOR PPTY GROUP INC 1.3%

Value $3.801M Shares 144,965 Est. Cost $24.12 Unrealized —

ARE ALEXANDRIA REAL ESTATE EQ IN 1.2%

Value $3.628M Shares 74,130 Est. Cost $127.42 Unrealized -54.5%

STAG STAG INDL INC 1.1%

Value $3.234M Shares 87,975 Est. Cost $35.36 Unrealized —

CPT CAMDEN PPTY TR 1.0%

Value $3.15M Shares 28,619 Est. Cost $103.14 Unrealized 0.0%

VNO VORNADO RLTY TR 0.9%

Value $2.575M Shares 77,387 Est. Cost $30.00 Unrealized —

MAC MACERICH CO 0.8%

Value $2.289M Shares 123,984 Est. Cost $14.96 Unrealized —

CUZ COUSINS PPTYS INC 0.8%

Value $2.275M Shares 88,259 Est. Cost $29.00 Unrealized —

PECO PHILLIPS EDISON & CO INC 0.7%

Value $2.177M Shares 61,202 Est. Cost $36.25 Unrealized —

KRC KILROY RLTY CORP 0.7%

Value $1.988M Shares 53,200 Est. Cost $44.60 Unrealized —

COLD AMERICOLD REALTY TRUST INC 0.6%

Value $1.716M Shares 133,439 Est. Cost $28.09 Unrealized —

SLG SL GREEN RLTY CORP 0.6%

Value $1.659M Shares 36,178 Est. Cost $56.45 Unrealized —

LXP LXP INDUSTRIAL TRUST 0.5%

Value $1.405M Shares 28,336 Est. Cost $49.58 Unrealized —

UE URBAN EDGE PPTYS 0.3%

Value $1.026M Shares 53,474 Est. Cost $19.05 Unrealized —

KRG KITE RLTY GROUP TR 0.3%

Value $1.004M Shares 41,869 Est. Cost $23.97 Unrealized —

DRH DIAMONDROCK HOSPITALITY CO 0.3%

Value $893K Shares 99,710 Est. Cost $8.68 Unrealized —

ALEX ALEXANDER & BALDWIN INC NEW 0.2%

Value $705K Shares 34,138 Est. Cost $17.71 Unrealized —

UMH UMH PPTYS INC 0.2%

Value $593K Shares 37,247 Est. Cost $16.47 Unrealized —

VRE VERIS RESIDENTIAL INC 0.2%

Value $582K Shares 39,131 Est. Cost $15.94 Unrealized —

JBGS JBG SMITH PPTYS 0.2%

Value $546K Shares 32,071 Est. Cost $20.57 Unrealized —

CSR CENTERSPACE 0.2%

Value $489K Shares 7,335 Est. Cost $66.41 Unrealized —

AAT AMERICAN ASSETS TR INC 0.1%

Value $403K Shares 21,276 Est. Cost $25.75 Unrealized —

ESRT EMPIRE ST RLTY TR INC 0.1%

Value $385K Shares 59,090 Est. Cost $7.94 Unrealized —

BDN BRANDYWINE RLTY TR 0.1%

Value $212K Shares 72,480 Est. Cost $5.03 Unrealized —

HPP HUDSON PAC PPTYS INC 0.1%

Value $195K Shares 18,048 Est. Cost $10.83 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EQIX	EQUINIX INC	29,684	$22.74M	7.6%	$732.44	+6.7%	COM	29444U700
SPG	SIMON PPTY GROUP INC NEW	120,759	$22.35M	7.4%	$113.04	+59.2%	COM	828806109
PLD	PROLOGIS INC.	173,545	$22.15M	7.4%	$115.63	+7.1%	COM	74340W103
AMT	AMERICAN TOWER CORP NEW	125,806	$22.09M	7.3%	$198.22	-9.0%	COM	03027X100
DLR	DIGITAL RLTY TR INC	141,148	$21.84M	7.3%	$125.60	+29.9%	COM	253868103
WELL	WELLTOWER INC	116,162	$21.56M	7.2%	$75.24	+147.9%	COM	95040Q104
VTR	VENTAS INC	225,527	$17.45M	5.8%	$50.09	+49.7%	COM	92276F100
EXR	EXTRA SPACE STORAGE INC	103,492	$13.48M	4.5%	$141.52	-4.6%	COM	30225T102
AVB	AVALONBAY CMNTYS INC	69,583	$12.62M	4.2%	$184.94	-2.8%	COM	053484101
IRM	IRON MTN INC DEL	140,934	$11.69M	3.9%	$56.41	+64.5%	COM	46284V101
EQR	EQUITY RESIDENTIAL	175,412	$11.06M	3.7%	$63.73	-4.8%	SH BEN INT	29476L107
ESS	ESSEX PPTY TR INC	30,650	$8.02M	2.7%	$213.04	+20.3%	COM	297178105
MAA	MID-AMER APT CMNTYS INC	57,222	$7.949M	2.6%	$129.49	+2.7%	COM	59522J103
KIM	KIMCO RLTY CORP	336,256	$6.816M	2.3%	$19.08	+7.8%	COM	49446R109
HST	HOST HOTELS & RESORTS INC	340,417	$6.036M	2.0%	$15.05	+12.5%	COM	44107P104
REG	REGENCY CTRS CORP	84,912	$5.861M	1.9%	$60.03	+15.7%	COM	758849103
UDR	UDR INC	152,948	$5.61M	1.9%	$41.15	-13.7%	COM	902653104
DOC	HEALTHPEAK PROPERTIES INC	344,289	$5.536M	1.8%	$20.68	-15.6%	COM	42250P103
ELS	EQUITY LIFESTYLE PPTYS INC	91,011	$5.516M	1.8%	$71.64	—	COM	29472R108
BXP	BXP INC	71,644	$4.835M	1.6%	$71.31	-1.3%	COM	101121101
REXR	REXFORD INDL RLTY INC	118,345	$4.582M	1.5%	$56.33	—	COM	76169C100
FRT	FEDERAL RLTY INVT TR NEW	38,860	$3.917M	1.3%	$96.78	+0.6%	SH BEN INT NEW	313745101
BRX	BRIXMOR PPTY GROUP INC	144,965	$3.801M	1.3%	$24.12	—	COM	11120U105
ARE	ALEXANDRIA REAL ESTATE EQ IN	74,130	$3.628M	1.2%	$127.42	-54.5%	COM	015271109
STAG	STAG INDL INC	87,975	$3.234M	1.1%	$35.36	—	COM	85254J102
CPT	CAMDEN PPTY TR	28,619	$3.15M	1.0%	$103.14	0.0%	SH BEN INT	133131102
VNO	VORNADO RLTY TR	77,387	$2.575M	0.9%	$30.00	—	SH BEN INT	929042109
MAC	MACERICH CO	123,984	$2.289M	0.8%	$14.96	—	COM	554382101
CUZ	COUSINS PPTYS INC	88,259	$2.275M	0.8%	$29.00	—	COM NEW	222795502
PECO	PHILLIPS EDISON & CO INC	61,202	$2.177M	0.7%	$36.25	—	COMMON STOCK	71844V201
KRC	KILROY RLTY CORP	53,200	$1.988M	0.7%	$44.60	—	COM	49427F108
COLD	AMERICOLD REALTY TRUST INC	133,439	$1.716M	0.6%	$28.09	—	COM	03064D108
SLG	SL GREEN RLTY CORP	36,178	$1.659M	0.6%	$56.45	—	COM	78440X887
LXP	LXP INDUSTRIAL TRUST	28,336	$1.405M	0.5%	$49.58	—	COM	529043408
UE	URBAN EDGE PPTYS	53,474	$1.026M	0.3%	$19.05	—	COM	91704F104
KRG	KITE RLTY GROUP TR	41,869	$1.004M	0.3%	$23.97	—	COM NEW	49803T300
DRH	DIAMONDROCK HOSPITALITY CO	99,710	$893K	0.3%	$8.68	—	COM	252784301
ALEX	ALEXANDER & BALDWIN INC NEW	34,138	$705K	0.2%	$17.71	—	COM	014491104
UMH	UMH PPTYS INC	37,247	$593K	0.2%	$16.47	—	COM	903002103
VRE	VERIS RESIDENTIAL INC	39,131	$582K	0.2%	$15.94	—	COM	554489104
JBGS	JBG SMITH PPTYS	32,071	$546K	0.2%	$20.57	—	COM	46590V100
CSR	CENTERSPACE	7,335	$489K	0.2%	$66.41	—	COM	15202L107
AAT	AMERICAN ASSETS TR INC	21,276	$403K	0.1%	$25.75	—	COM	024013104
ESRT	EMPIRE ST RLTY TR INC	59,090	$385K	0.1%	$7.94	—	CL A	292104106
BDN	BRANDYWINE RLTY TR	72,480	$212K	0.1%	$5.03	—	SH BEN INT NEW	105368203
HPP	HUDSON PAC PPTYS INC	18,048	$195K	0.1%	$10.83	—	COM	444097406