Resolution Capital Ltd Concentrated Active

CIK: 0001612389 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $4,524,436 (100.0% shares, 0.0% debt)

Holdings (41)

New Positions (4)

AVB AVALONBAY CMNTYS INC 1.2%

Value ($000) $52,505 Shares 289,587 Est. Cost $179.77 Unrealized 0.0%

MAC MACERICH CO 0.6%

Value ($000) $26,624 Shares 1,442,271 Est. Cost $18.46 Unrealized —

HTO H2O AMERICA 0.3%

Value ($000) $11,486 Shares 234,455 Est. Cost $47.95 Unrealized 0.0%

OGE OGE ENERGY CORP 0.0%

Value ($000) $1,307 Shares 30,602 Est. Cost $44.60 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AVB	AVALONBAY CMNTYS INC	289,587	$52,505	1.2%	$179.77	0.0%	COM	053484101
MAC	MACERICH CO	1,442,271	$26,624	0.6%	$18.46	—	COM	554382101
HTO	H2O AMERICA	234,455	$11,486	0.3%	$47.95	0.0%	COM	784305104
OGE	OGE ENERGY CORP	30,602	$1,307	0.0%	$44.60	0.0%	COM	670837103

Increased Positions (20)

PLD PROLOGIS INC. 8.7%

Value ($000) $395,129 (+33.2%) Shares 3,095,169 (+19.5%) Est. Cost $84.92 Unrealized +45.9%

SPG SIMON PPTY GROUP INC NEW 8.3%

Value ($000) $375,113 (+34.8%) Shares 2,026,432 (+36.7%) Est. Cost $170.04 Unrealized +5.9%

VNO VORNADO RLTY TR 4.1%

Value ($000) $185,174 (-15.1%) Shares 5,564,135 (+3.4%) Est. Cost $39.76 Unrealized —

HR HEALTHCARE RLTY TR 3.1%

Value ($000) $138,005 (+19.6%) Shares 8,141,866 (+27.2%) Est. Cost $17.80 Unrealized —

TRNO TERRENO RLTY CORP 2.0%

Value ($000) $89,365 (+17.3%) Shares 1,522,148 (+13.4%) Est. Cost $60.27 Unrealized —

FRT FEDERAL RLTY INVT TR NEW 7.4%

Value ($000) $333,048 (+3.9%) Shares 3,304,051 (+4.5%) Est. Cost $97.72 Unrealized -0.4%

ESS ESSEX PPTY TR INC 4.0%

Value ($000) $179,245 (+5.5%) Shares 684,979 (+7.9%) Est. Cost $239.55 Unrealized +7.0%

AEE AMEREN CORP 0.2%

Value ($000) $8,960 (+198.1%) Shares 89,721 (+211.6%) Est. Cost $96.35 Unrealized +5.8%

SR SPIRE INC 0.3%

Value ($000) $11,682 (+81.1%) Shares 141,263 (+78.6%) Est. Cost $82.04 Unrealized —

LNT ALLIANT ENERGY CORP 0.3%

Value ($000) $12,900 (+61.0%) Shares 198,428 (+67.0%) Est. Cost $65.07 Unrealized +2.7%

ETR ENTERGY CORP NEW 0.3%

Value ($000) $15,650 (+35.9%) Shares 169,320 (+37.0%) Est. Cost $80.63 Unrealized +17.3%

NI NISOURCE INC 0.2%

Value ($000) $11,202 (+47.8%) Shares 268,238 (+53.3%) Est. Cost $40.24 Unrealized +5.9%

KMI KINDER MORGAN INC DEL 0.3%

Value ($000) $13,985 (+26.3%) Shares 508,735 (+30.1%) Est. Cost $24.29 Unrealized +10.8%

AMT AMERICAN TOWER CORP NEW 0.1%

Value ($000) $4,001 (+173.1%) Shares 22,789 (+199.2%) Est. Cost $183.78 Unrealized -1.9%

UNP UNION PAC CORP 0.1%

Value ($000) $6,375 (+37.4%) Shares 27,560 (+40.4%) Est. Cost $223.21 Unrealized +1.8%

XEL XCEL ENERGY INC 0.1%

Value ($000) $6,353 (+26.2%) Shares 86,010 (+37.8%) Est. Cost $72.22 Unrealized +8.4%

PEG PUBLIC SVC ENTERPRISE GRP IN 0.1%

Value ($000) $3,609 (+42.7%) Shares 44,944 (+48.3%) Est. Cost $73.08 Unrealized +10.9%

WMB WILLIAMS COS INC 0.1%

Value ($000) $2,956 (+34.4%) Shares 49,184 (+41.6%) Est. Cost $55.15 Unrealized +8.9%

PCG PG&E CORP 0.0%

Value ($000) $1,203 (+46.2%) Shares 74,890 (+37.2%) Est. Cost $16.51 Unrealized -3.6%

PNW PINNACLE WEST CAP CORP 0.0%

Value ($000) $1,786 (+25.4%) Shares 20,135 (+26.8%) Est. Cost $88.88 Unrealized +0.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PLD	PROLOGIS INC.	3,095,169 (+19.5%)	$395,129 (+33.2%)	8.7%	$84.92	+45.9%	COM	74340W103
SPG	SIMON PPTY GROUP INC NEW	2,026,432 (+36.7%)	$375,113 (+34.8%)	8.3%	$170.04	+5.9%	COM	828806109
VNO	VORNADO RLTY TR	5,564,135 (+3.4%)	$185,174 (-15.1%)	4.1%	$39.76	—	SH BEN INT	929042109
HR	HEALTHCARE RLTY TR	8,141,866 (+27.2%)	$138,005 (+19.6%)	3.1%	$17.80	—	CL A COM	42226K105
TRNO	TERRENO RLTY CORP	1,522,148 (+13.4%)	$89,365 (+17.3%)	2.0%	$60.27	—	COM	88146M101
FRT	FEDERAL RLTY INVT TR NEW	3,304,051 (+4.5%)	$333,048 (+3.9%)	7.4%	$97.72	-0.4%	SH BEN INT NEW	313745101
ESS	ESSEX PPTY TR INC	684,979 (+7.9%)	$179,245 (+5.5%)	4.0%	$239.55	+7.0%	COM	297178105
AEE	AMEREN CORP	89,721 (+211.6%)	$8,960 (+198.1%)	0.2%	$96.35	+5.8%	COM	023608102
SR	SPIRE INC	141,263 (+78.6%)	$11,682 (+81.1%)	0.3%	$82.04	—	COM	84857L101
LNT	ALLIANT ENERGY CORP	198,428 (+67.0%)	$12,900 (+61.0%)	0.3%	$65.07	+2.7%	COM	018802108
ETR	ENTERGY CORP NEW	169,320 (+37.0%)	$15,650 (+35.9%)	0.3%	$80.63	+17.3%	COM	29364G103
NI	NISOURCE INC	268,238 (+53.3%)	$11,202 (+47.8%)	0.2%	$40.24	+5.9%	COM	65473P105
KMI	KINDER MORGAN INC DEL	508,735 (+30.1%)	$13,985 (+26.3%)	0.3%	$24.29	+10.8%	COM	49456B101
AMT	AMERICAN TOWER CORP NEW	22,789 (+199.2%)	$4,001 (+173.1%)	0.1%	$183.78	-1.9%	COM	03027X100
UNP	UNION PAC CORP	27,560 (+40.4%)	$6,375 (+37.4%)	0.1%	$223.21	+1.8%	COM	907818108
XEL	XCEL ENERGY INC	86,010 (+37.8%)	$6,353 (+26.2%)	0.1%	$72.22	+8.4%	COM	98389B100
PEG	PUBLIC SVC ENTERPRISE GRP IN	44,944 (+48.3%)	$3,609 (+42.7%)	0.1%	$73.08	+10.9%	COM	744573106
WMB	WILLIAMS COS INC	49,184 (+41.6%)	$2,956 (+34.4%)	0.1%	$55.15	+8.9%	COM	969457100
PCG	PG&E CORP	74,890 (+37.2%)	$1,203 (+46.2%)	0.0%	$16.51	-3.6%	COM	69331C108
PNW	PINNACLE WEST CAP CORP	20,135 (+26.8%)	$1,786 (+25.4%)	0.0%	$88.88	+0.4%	COM	723484101

Exited Positions (1)

ADC AGREE RLTY CORP 0.7%

Value ($000) $30,051 Shares 423,011 Est. Cost $73.52 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ADC	AGREE RLTY CORP	423,011	$30,051	0.7%	$73.52	—	—	008492100

Decreased Positions (17)

DLR DIGITAL RLTY TR INC 6.8%

Value ($000) $309,244 (-39.1%) Shares 1,998,863 (-32.0%) Est. Cost $128.03 Unrealized +27.4%

EXR EXTRA SPACE STORAGE INC 5.9%

Value ($000) $268,514 (-32.5%) Shares 2,062,003 (-27.0%) Est. Cost $143.09 Unrealized -5.7%

KIM KIMCO RLTY CORP 1.0%

Value ($000) $44,316 (-72.8%) Shares 2,186,279 (-70.7%) Est. Cost $19.85 Unrealized +3.7%

WELL WELLTOWER INC 14.7%

Value ($000) $662,883 (-11.5%) Shares 3,571,378 (-15.0%) Est. Cost $71.72 Unrealized +160.0%

INVH INVITATION HOMES INC 1.9%

Value ($000) $87,914 (-47.6%) Shares 3,163,505 (-44.7%) Est. Cost $28.08 Unrealized -1.6%

EQR EQUITY RESIDENTIAL 2.9%

Value ($000) $129,296 (-36.8%) Shares 2,051,012 (-35.1%) Est. Cost $58.03 Unrealized +4.6%

VTR VENTAS INC 8.9%

Value ($000) $403,519 (-12.3%) Shares 5,214,766 (-20.7%) Est. Cost $47.36 Unrealized +58.3%

CUZ COUSINS PPTYS INC 1.7%

Value ($000) $77,696 (-41.2%) Shares 3,013,820 (-34.0%) Est. Cost $30.35 Unrealized —

EQIX EQUINIX INC 9.5%

Value ($000) $430,429 (-8.5%) Shares 561,801 (-6.5%) Est. Cost $673.51 Unrealized +16.0%

ESRT EMPIRE ST RLTY TR INC 0.4%

Value ($000) $17,995 (-66.3%) Shares 2,759,969 (-60.4%) Est. Cost $7.99 Unrealized —

ELS EQUITY LIFESTYLE PPTYS INC 2.4%

Value ($000) $110,643 (-19.1%) Shares 1,825,483 (-19.0%) Est. Cost $65.37 Unrealized —

HST HOST HOTELS & RESORTS INC 0.8%

Value ($000) $35,129 (-22.9%) Shares 1,981,337 (-26.0%) Est. Cost $14.83 Unrealized +14.2%

UE URBAN EDGE PPTYS 1.0%

Value ($000) $43,435 (-15.8%) Shares 2,263,407 (-10.2%) Est. Cost $13.90 Unrealized —

DUK DUKE ENERGY CORP NEW 0.1%

Value ($000) $4,216 (-57.5%) Shares 35,968 (-55.1%) Est. Cost $104.69 Unrealized +16.1%

WEC WEC ENERGY GROUP INC 0.1%

Value ($000) $3,864 (-53.3%) Shares 36,636 (-49.3%) Est. Cost $103.37 Unrealized +6.7%

SO SOUTHERN CO 0.1%

Value ($000) $5,170 (-22.0%) Shares 59,288 (-15.2%) Est. Cost $83.88 Unrealized +8.4%

CEG CONSTELLATION ENERGY CORP 0.1%

Value ($000) $2,509 (-13.3%) Shares 7,102 (-19.3%) Est. Cost $179.14 Unrealized +102.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DLR	DIGITAL RLTY TR INC	1,998,863 (-32.0%)	$309,244 (-39.1%)	6.8%	$128.03	+27.4%	COM	253868103
EXR	EXTRA SPACE STORAGE INC	2,062,003 (-27.0%)	$268,514 (-32.5%)	5.9%	$143.09	-5.7%	COM	30225T102
KIM	KIMCO RLTY CORP	2,186,279 (-70.7%)	$44,316 (-72.8%)	1.0%	$19.85	+3.7%	COM	49446R109
WELL	WELLTOWER INC	3,571,378 (-15.0%)	$662,883 (-11.5%)	14.7%	$71.72	+160.0%	COM	95040Q104
INVH	INVITATION HOMES INC	3,163,505 (-44.7%)	$87,914 (-47.6%)	1.9%	$28.08	-1.6%	COM	46187W107
EQR	EQUITY RESIDENTIAL	2,051,012 (-35.1%)	$129,296 (-36.8%)	2.9%	$58.03	+4.6%	SH BEN INT	29476L107
VTR	VENTAS INC	5,214,766 (-20.7%)	$403,519 (-12.3%)	8.9%	$47.36	+58.3%	COM	92276F100
CUZ	COUSINS PPTYS INC	3,013,820 (-34.0%)	$77,696 (-41.2%)	1.7%	$30.35	—	COM NEW	222795502
EQIX	EQUINIX INC	561,801 (-6.5%)	$430,429 (-8.5%)	9.5%	$673.51	+16.0%	COM	29444U700
ESRT	EMPIRE ST RLTY TR INC	2,759,969 (-60.4%)	$17,995 (-66.3%)	0.4%	$7.99	—	CL A	292104106
ELS	EQUITY LIFESTYLE PPTYS INC	1,825,483 (-19.0%)	$110,643 (-19.1%)	2.4%	$65.37	—	COM	29472R108
HST	HOST HOTELS & RESORTS INC	1,981,337 (-26.0%)	$35,129 (-22.9%)	0.8%	$14.83	+14.2%	COM	44107P104
UE	URBAN EDGE PPTYS	2,263,407 (-10.2%)	$43,435 (-15.8%)	1.0%	$13.90	—	COM	91704F104
DUK	DUKE ENERGY CORP NEW	35,968 (-55.1%)	$4,216 (-57.5%)	0.1%	$104.69	+16.1%	COM NEW	26441C204
WEC	WEC ENERGY GROUP INC	36,636 (-49.3%)	$3,864 (-53.3%)	0.1%	$103.37	+6.7%	COM	92939U106
SO	SOUTHERN CO	59,288 (-15.2%)	$5,170 (-22.0%)	0.1%	$83.88	+8.4%	COM	842587107
CEG	CONSTELLATION ENERGY CORP	7,102 (-19.3%)	$2,509 (-13.3%)	0.1%	$179.14	+102.8%	COM	21037T109