Kawa Capital Management, Inc Quant / Systematic

CIK: 0001534242 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 21, 2026

Total Value ($000): $43,240 (100.0% shares, 0.0% debt)

Holdings (4)

New Positions (1)

ARE Alexandria Real Estate Equities Inc 18.3%

Value ($000) $7,926 Shares 160,000 Est. Cost $58.01 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ARE	Alexandria Real Estate Equities Inc	160,000	$7,926	18.3%	$58.01	0.0%	COM	015271109

Exited Positions (2)

GGB Gerdau SA 15.0%

Value ($000) $6,493 Shares 2,094,404 Est. Cost $0.00 Unrealized —

DK Delek US Holdings Inc 14.9%

Value ($000) $6,454 Shares 200,000 Est. Cost $16.76 Unrealized +112.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GGB	Gerdau SA	2,094,404	$6,493	15.0%	$0.00	—	—	373737105
DK	Delek US Holdings Inc	200,000	$6,454	14.9%	$16.76	+112.5%	—	24665A103

Decreased Positions (1)

VALE Vale SA 16.3%

Value ($000) $7,051 (-36.3%) Shares 520,000 (-49.0%) Est. Cost $4.39 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VALE	Vale SA	520,000 (-49.0%)	$7,051 (-36.3%)	16.3%	$4.39	—	SPONSORED ADS	91912E105

Unchanged Positions (2)

ONL Orion Properties Inc 29.0%

Value ($000) $12,536 Shares 5,474,027 Est. Cost $1.15 Unrealized —

BDN Brandywine Realty Trust 36.4%

Value ($000) $15,727 Shares 3,923,145 Est. Cost $1.00 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ONL	Orion Properties Inc	5,474,027	$12,536	29.0%	$1.15	—	COM	68629Y103
BDN	Brandywine Realty Trust	3,923,145	$15,727	36.4%	$1.00	—	SH BEN INT NEW	105368203