CHAI TRUST CO LLC Long-Term Concentrated

CIK: 0001250731 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $1,160,499 (100.0% shares, 0.0% debt)

Holdings (11)

Increased Positions (3)

VOO VANGUARD INDEX FDS 1.1%

Value ($000) $12,430 (+97.4%) Shares 19,821 (+92.8%) Est. Cost $619.48 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 4.7%

Value ($000) $54,654 (+10.2%) Shares 874,885 (+5.7%) Est. Cost $45.41 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 0.2%

Value ($000) $1,848 (+90.6%) Shares 34,383 (+92.1%) Est. Cost $53.98 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	19,821 (+92.8%)	$12,430 (+97.4%)	1.1%	$619.48	—	S&P 500 ETF SHS	922908363
VEA	VANGUARD TAX-MANAGED FDS	874,885 (+5.7%)	$54,654 (+10.2%)	4.7%	$45.41	—	VAN FTSE DEV MKT	921943858
VWO	VANGUARD INTL EQUITY INDEX F	34,383 (+92.1%)	$1,848 (+90.6%)	0.2%	$53.98	—	FTSE EMR MKT ETF	922042858

Decreased Positions (2)

EQR EQUITY RESIDENTIAL 3.7%

Value ($000) $42,868 (-29.2%) Shares 680,019 (-27.3%) Est. Cost $53.25 Unrealized +13.9%

ELS EQUITY LIFESTYLE PPTYS INC 2.7%

Value ($000) $31,782 (-30.8%) Shares 524,368 (-30.7%) Est. Cost $69.66 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EQR	EQUITY RESIDENTIAL	680,019 (-27.3%)	$42,868 (-29.2%)	3.7%	$53.25	+13.9%	SH BEN INT	29476L107
ELS	EQUITY LIFESTYLE PPTYS INC	524,368 (-30.7%)	$31,782 (-30.8%)	2.7%	$69.66	—	COM	29472R108

Unchanged Positions (6)

ARDT ARDENT HEALTH INC 58.8%

Value ($000) $682,087 Shares 77,246,499 Est. Cost $17.67 Unrealized -34.6%

VTI VANGUARD INDEX FDS 15.6%

Value ($000) $181,099 Shares 540,160 Est. Cost $176.15 Unrealized —

VHT VANGUARD WORLD FD 1.6%

Value ($000) $18,445 Shares 64,079 Est. Cost $227.31 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 7.3%

Value ($000) $84,899 Shares 1,865,494 Est. Cost $44.28 Unrealized —

IEMG ISHARES INC 3.4%

Value ($000) $39,965 Shares 594,544 Est. Cost $51.57 Unrealized —

VFH VANGUARD WORLD FD 0.9%

Value ($000) $10,421 Shares 78,063 Est. Cost $87.96 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ARDT	ARDENT HEALTH INC	77,246,499	$682,087	58.8%	$17.67	-34.6%	COM	03980N107
VTI	VANGUARD INDEX FDS	540,160	$181,099	15.6%	$176.15	—	TOTAL STK MKT	922908769
VHT	VANGUARD WORLD FD	64,079	$18,445	1.6%	$227.31	—	HEALTH CAR ETF	92204A504
RSP	INVESCO EXCHANGE TRADED FD T	1,865,494	$84,899	7.3%	$44.28	—	S&P500 EQL WGT	46137V357
IEMG	ISHARES INC	594,544	$39,965	3.4%	$51.57	—	CORE MSCI EMKT	46434G103
VFH	VANGUARD WORLD FD	78,063	$10,421	0.9%	$87.96	—	FINANCIALS ETF	92204A405