Location: WEST PALM BEACH, FL
CIK: 0002023551 · Show all filings
Period: Q1 2026 (← Previous)
Filing Date: May 15, 2026
Total Value: $139M (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | COSTAR GROUP INC | 3,037 | $12.25M | 8.8% | — | — | CALL | 22160N909 |
| CBRE | CBRE GROUP INC | 62,978 | $8.531M | 6.1% | — | — | CL A COM | 12504L109 |
| — | BLACKSTONE INC | 632 | $7.267M | 5.2% | — | — | CALL | 09260D907 |
| CIGI | COLLIERS INTL GROUP INC | 62,828 | $6.716M | 4.8% | — | — | SUB VTG | 194693107 |
| CHDN | CHURCHILL DOWNS INC | 63,733 | $5.725M | 4.1% | — | — | COM | 171484108 |
| — | DOUGLAS EMMETT INC | 5,950 | $5.605M | 4.0% | — | — | CALL | 25960P909 |
| — | COLLIERS INTL GROUP INC | 477 | $5.099M | 3.7% | — | — | CALL | 194693907 |
| — | COHEN & STEERS INC | 700 | $4.378M | 3.1% | — | — | CALL | 19247A900 |
| VAC | MARRIOTT VACATIONS WORLDWIDE | 66,572 | $4.335M | 3.1% | — | — | COM | 57164Y107 |
| AVB | AVALONBAY CMNTYS INC | 16,200 | $2.646M | 1.9% | — | — | COM | 053484101 |
| — | CHOICE HOTELS INTL INC | 216 | $2.236M | 1.6% | — | — | CALL | 169905906 |
| — | INVITATION HOMES INC | 702 | $1.744M | 1.3% | — | — | CALL | 46187W907 |
| — | HUDSON PACIFIC PROPERTIES IN | 2,825 | $1.67M | 1.2% | — | — | CALL | 444097906 |
| — | ESSEX PPTY TR INC | 56 | $1.355M | 1.0% | — | — | CALL | 297178905 |
| CUBE | CUBESMART | 35,704 | $1.309M | 0.9% | — | — | COM | 229663109 |
| — | SELECT SECTOR SPDR TR | 83 | $905K | 0.6% | — | — | CALL | 81369Y900 |
| BLDR | BUILDERS FIRSTSOURCE INC | 4,726 | $389K | 0.3% | — | — | COM | 12008R107 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| NXRT | NEXPOINT RESIDENTIAL TR INC | 257,546 (+676.4%) | $6.439M (+544.8%) | 4.6% | — | — | COM | 65341D102 |
| AIV | APARTMENT INVT & MGMT CO | 2,556,176 (+15.1%) | $10.4M (-21.1%) | 7.5% | — | — | COM | 03748R747 |
| CPT | CAMDEN PPTY TR | 30,812 (+243.2%) | $3.009M (+204.5%) | 2.2% | — | — | COM | 133131102 |
| HLT | HILTON WORLDWIDE HLDGS INC | 42,108 (+7.6%) | $12.8M (+13.9%) | 9.2% | — | — | COM | 43300A203 |
| BHR | BRAEMAR HOTELS & RESORTS INC | 1,139,798 (+5.2%) | $2.69M (-13.5%) | 1.9% | — | — | COM | 10482B101 |
| HPP | HUDSON PACIFIC PROPERTIES IN | 392,188 (+117.0%) | $2.318M (+18.4%) | 1.7% | — | — | COM | 444097406 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| CSGP | COSTAR GROUP INC | 205,500 | $13.82M | 9.9% | — | — | CALL | 22160N109 |
| VAC | MARRIOTT VACATIONS WORLDWIDE | 198,400 | $11.45M | 8.2% | — | — | CALL | 57164Y107 |
| ESS | ESSEX PPTY TR INC | 39,500 | $10.34M | 7.4% | — | — | CALL | 297178105 |
| MAA | MID-AMER APT CMNTYS INC | 64,228 | $8.922M | 6.4% | — | — | — | 59522J103 |
| HGV | HILTON GRAND VACATIONS INC | 175,810 | $7.867M | 5.6% | — | — | — | 43283X105 |
| VTR | VENTAS INC | 78,300 | $6.059M | 4.3% | — | — | CALL | 92276F100 |
| BYD | BOYD GAMING CORP | 69,644 | $5.936M | 4.3% | — | — | — | 103304101 |
| REG | REGENCY CTRS CORP | 84,873 | $5.859M | 4.2% | — | — | — | 758849103 |
| DEI | DOUGLAS EMMETT INC | 480,000 | $5.275M | 3.8% | — | — | CALL | 25960P109 |
| HHH | HOWARD HUGHES HOLDINGS INC | 61,500 | $4.906M | 3.5% | — | — | CALL | 44267T102 |
| HPP | HUDSON PAC PPTYS INC | 400,000 | $4.332M | 3.1% | — | — | CALL | 444097406 |
| MAA | MID-AMER APT CMNTYS INC | 29,700 | $4.126M | 3.0% | — | — | CALL | 59522J103 |
| DOC | HEALTHPEAK PROPERTIES INC | 246,100 | $3.957M | 2.8% | — | — | CALL | 42250P103 |
| EXR | EXTRA SPACE STORAGE INC | 25,000 | $3.256M | 2.3% | — | — | CALL | 30225T102 |
| CNS | COHEN & STEERS INC | 48,000 | $3.013M | 2.2% | — | — | CALL | 19247A100 |
| CHH | CHOICE HOTELS INTL INC | 31,000 | $2.953M | 2.1% | — | — | CALL | 169905106 |
| SUI | SUN CMNTYS INC | 23,500 | $2.912M | 2.1% | — | — | CALL | 866674104 |
| EQIX | EQUINIX INC | 2,700 | $2.069M | 1.5% | — | — | CALL | 29444U700 |
| EQR | EQUITY RESIDENTIAL | 31,300 | $1.973M | 1.4% | — | — | CALL | 29476L107 |
| WPC | WP CAREY INC | 30,000 | $1.931M | 1.4% | — | — | CALL | 92936U109 |
| RHP | RYMAN HOSPITALITY PPTYS INC | 20,100 | $1.902M | 1.4% | — | — | CALL | 78377T107 |
| O | REALTY INCOME CORP | 33,600 | $1.894M | 1.4% | — | — | CALL | 756109104 |
| BX | BLACKSTONE INC | 10,500 | $1.618M | 1.2% | — | — | CALL | 09260D107 |
| GLPI | GAMING & LEISURE PPTYS INC | 34,800 | $1.555M | 1.1% | — | — | CALL | 36467J108 |
| AVB | AVALONBAY CMNTYS INC | 8,100 | $1.469M | 1.1% | — | — | CALL | 053484101 |
| DLR | DIGITAL RLTY TR INC | 9,300 | $1.439M | 1.0% | — | — | CALL | 253868103 |
| NNN | NNN REIT INC | 36,200 | $1.435M | 1.0% | — | — | CALL | 637417106 |
| REXR | REXFORD INDL RLTY INC | 35,700 | $1.382M | 1.0% | — | — | CALL | 76169C100 |
| KRC | KILROY RLTY CORP | 33,000 | $1.233M | 0.9% | — | — | CALL | 49427F108 |
| BXP | BXP INC | 8,300 | $560K | 0.4% | — | — | CALL | 101121101 |
| BHR | BRAEMAR HOTELS & RESORTS INC | 100,000 | $287K | 0.2% | — | — | CALL | 10482B101 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| HHH | HOWARD HUGHES HOLDINGS INC | 37,512 (-68.1%) | $2.373M (-74.7%) | 1.7% | — | — | COM | 44267T102 |
| BKD | BROOKDALE SR LIVING INC | 72,392 (-88.7%) | $990K (-85.7%) | 0.7% | — | — | COM | 112463104 |
| CSGP | COSTAR GROUP INC | 119,966 (-22.3%) | $4.839M (-53.4%) | 3.5% | — | — | COM | 22160N109 |
| DEI | DOUGLAS EMMETT INC | 762,556 (-27.2%) | $7.183M (-37.6%) | 5.2% | — | — | COM | 25960P109 |
| ESS | ESSEX PPTY TR INC | 15,906 (-43.9%) | $3.849M (-48.1%) | 2.8% | — | — | COM | 297178105 |
| BX | BLACKSTONE INC | 1,698 (-74.9%) | $195K (-81.3%) | 0.1% | — | — | COM | 09260D107 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| CNS | COHEN & STEERS INC | 160,709 | $10.05M | 7.2% | — | — | COM | 19247A100 |