CIK: 0001825985 · Show all filings
Period: Q4 2025 (← Previous)
Filing Date: Jan 21, 2026
Total Value ($000): $585,744 (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value ($000) | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| VOYG | VOYAGER TECHNOLOGIES INC | 136,925 | $3,579 | 0.6% | $27.13 | 0.0% | COM CL A | 92892B103 |
| MAA | MID-AMER APT CMNTYS INC | 12,149 | $1,688 | 0.3% | $133.00 | 0.0% | COM | 59522J103 |
| CTRE | CARETRUST REIT INC | 31,120 | $1,125 | 0.2% | $36.16 | — | COM | 14174T107 |
| SBRA | SABRA HEALTH CARE REIT INC | 48,483 | $918 | 0.2% | $18.94 | — | COM | 78573L106 |
| CPT | CAMDEN PPTY TR | 7,286 | $802 | 0.1% | $103.14 | 0.0% | SH BEN INT | 133131102 |
| CUBE | CUBESMART | 15,399 | $555 | 0.1% | $36.05 | — | COM | 229663109 |
| FIG | FIGMA INC | 11,514 | $430 | 0.1% | $45.19 | 0.0% | CLASS A COM STK | 316841105 |
| LINE | LINEAGE INC | 10,494 | $367 | 0.1% | $35.00 | — | COM | 53566V106 |
| TRNO | TERRENO RLTY CORP | 5,865 | $344 | 0.1% | $58.71 | — | COM | 88146M101 |
| RHP | RYMAN HOSPITALITY PPTYS INC | 3,325 | $315 | 0.1% | $94.62 | — | COM | 78377T107 |
| PECO | PHILLIPS EDISON & CO INC | 8,604 | $306 | 0.1% | $35.57 | — | COMMON STOCK | 71844V201 |
| EPR | EPR PPTYS | 5,118 | $255 | 0.0% | $49.90 | — | COM SH BEN INT | 26884U109 |
| AKR | ACADIA RLTY TR | 9,861 | $203 | 0.0% | $20.54 | — | COM SH BEN INT | 004239109 |
| Ticker | Issuer | Shares | Value ($000) | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| EQIX | EQUINIX INC | 10,298 (+65.9%) | $7,890 (+62.2%) | 1.3% | $781.51 | -0.0% | COM | 29444U700 |
| GDXJ | VANECK ETF TRUST | 167,510 (+2.2%) | $19,059 (+17.5%) | 3.3% | $34.28 | — | JUNIOR GOLD MINE | 92189F791 |
| DHR | DANAHER CORPORATION | 46,005 (+9.3%) | $10,531 (+26.2%) | 1.8% | $200.17 | +9.7% | COM | 235851102 |
| CSGP | COSTAR GROUP INC | 127,260 (+1.1%) | $8,557 (-19.4%) | 1.5% | $77.37 | -8.4% | COM | 22160N109 |
| MSFT | MICROSOFT CORP | 15,525 (+39.4%) | $7,508 (+30.1%) | 1.3% | $412.45 | +21.4% | COM | 594918104 |
| V | VISA INC | 17,883 (+20.2%) | $6,272 (+23.5%) | 1.1% | $345.37 | -1.4% | COM CL A | 92826C839 |
| CCI | CROWN CASTLE INC | 19,563 (+167.2%) | $1,739 (+146.1%) | 0.3% | $92.96 | -2.0% | COM | 22822V101 |
| ELS | EQUITY LIFESTYLE PPTYS INC | 57,149 (+33.3%) | $3,464 (+33.1%) | 0.6% | $62.19 | — | COM | 29472R108 |
| SUI | SUN CMNTYS INC | 15,123 (+71.5%) | $1,874 (+64.7%) | 0.3% | $123.36 | — | COM | 866674104 |
| ADC | AGREE RLTY CORP | 16,964 (+126.8%) | $1,222 (+129.9%) | 0.2% | $71.32 | — | COM | 008492100 |
| BSX | BOSTON SCIENTIFIC CORP | 32,634 (+24.7%) | $3,112 (+21.8%) | 0.5% | $101.46 | -3.4% | COM | 101137107 |
| FER | FERROVIAL SE | 54,818 (+4.1%) | $3,563 (+18.1%) | 0.6% | $41.27 | +54.3% | ORD SHS | N3168P101 |
| MSCI | MSCI INC | 9,586 (+9.8%) | $5,500 (+11.0%) | 0.9% | $547.03 | +2.4% | COM | 55354G100 |
| KSA | ISHARES TR | 129,063 (+1.2%) | $4,699 (-9.2%) | 0.8% | $27.57 | — | MSCI SAUDI ARBIA | 46434V423 |
| WELL | WELLTOWER INC | 44,143 (+1.2%) | $8,193 (+5.5%) | 1.4% | $114.85 | +62.4% | COM | 95040Q104 |
| VICI | VICI PPTYS INC | 90,390 (+2.9%) | $2,542 (-11.3%) | 0.4% | $28.22 | +3.8% | COM | 925652109 |
| EPRT | ESSENTIAL PPTYS RLTY TR INC | 35,763 (+42.0%) | $1,061 (+41.5%) | 0.2% | $29.30 | — | COM | 29670E107 |
| META | META PLATFORMS INC | 13,089 (+15.4%) | $8,640 (+3.7%) | 1.5% | $483.18 | +38.1% | CL A | 30303M102 |
| ARE | ALEXANDRIA REAL ESTATE EQ IN | 43,875 (+96.6%) | $2,147 (+15.5%) | 0.4% | $74.40 | -22.0% | COM | 015271109 |
| FRT | FEDERAL RLTY INVT TR NEW | 5,789 (+88.3%) | $584 (+87.3%) | 0.1% | $99.80 | -2.4% | SH BEN INT NEW | 313745101 |
| VTR | VENTAS INC | 25,372 (+1.4%) | $1,963 (+12.1%) | 0.3% | $63.65 | +17.8% | COM | 92276F100 |
| PSA | PUBLIC STORAGE OPER CO | 10,559 (+15.9%) | $2,740 (+4.1%) | 0.5% | $277.51 | -0.1% | COM | 74460D109 |
| MAC | MACERICH CO | 83,720 (+5.2%) | $1,545 (+6.7%) | 0.3% | $16.46 | — | COM | 554382101 |
| INTU | INTUIT | 13,063 (+4.0%) | $8,653 (+0.9%) | 1.5% | $682.54 | -3.2% | COM | 461202103 |
| INVH | INVITATION HOMES INC | 104,143 (+3.8%) | $2,894 (-1.6%) | 0.5% | $31.30 | -11.7% | COM | 46187W107 |
| GLPI | GAMING & LEISURE PPTYS INC | 49,705 (+6.3%) | $2,221 (+2.0%) | 0.4% | $46.87 | — | COM | 36467J108 |
| Ticker | Issuer | Shares | Value ($000) | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| XBI | SPDR SERIES TRUST | 158,786 | $15,910 | 2.7% | $82.93 | — | — | 78464A870 |
| BKNG | BOOKING HOLDINGS INC | 1,425 | $7,694 | 1.3% | $4819.97 | +6.6% | — | 09857L108 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | 24,984 | $6,978 | 1.2% | $279.29 | — | — | 874039100 |
| ENTG | ENTEGRIS INC | 47,723 | $4,412 | 0.8% | $104.79 | -17.2% | — | 29362U104 |
| TYL | TYLER TECHNOLOGIES INC | 7,343 | $3,842 | 0.7% | $588.36 | -19.0% | — | 902252105 |
| MCO | MOODYS CORP | 4,338 | $2,067 | 0.4% | $409.82 | +18.9% | — | 615369105 |
| OHI | OMEGA HEALTHCARE INVS INC | 28,250 | $1,193 | 0.2% | $36.65 | — | — | 681936100 |
| ELME | ELME COMMUNITIES | 63,967 | $1,078 | 0.2% | $16.86 | — | — | 939653101 |
| UDR | UDR INC | 23,667 | $882 | 0.2% | $40.16 | -11.5% | — | 902653104 |
| FR | FIRST INDL RLTY TR INC | 14,673 | $755 | 0.1% | $53.56 | — | — | 32054K103 |
| KIM | KIMCO RLTY CORP | 33,133 | $724 | 0.1% | $20.07 | +2.5% | — | 49446R109 |
| VNO | VORNADO RLTY TR | 15,280 | $619 | 0.1% | $34.39 | — | — | 929042109 |
| NNN | NNN REIT INC | 12,800 | $545 | 0.1% | $40.85 | — | — | 637417106 |
| COLD | AMERICOLD REALTY TRUST INC | 33,283 | $407 | 0.1% | $22.17 | — | — | 03064D108 |
| IRT | INDEPENDENCE RLTY TR INC | 16,907 | $277 | 0.0% | $16.39 | — | — | 45378A106 |
| PDM | PIEDMONT REALTY TRUST INC | 15,514 | $140 | 0.0% | $9.00 | — | — | 720190206 |
| APLE | APPLE HOSPITALITY REIT INC | 11,277 | $135 | 0.0% | $13.72 | — | — | 03784Y200 |
| — | PARAMOUNT GROUP INC | 14,008 | $92 | 0.0% | $6.54 | — | — | 69924R108 |
| Ticker | Issuer | Shares | Value ($000) | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| AMT | AMERICAN TOWER CORP NEW | 41,555 (-13.2%) | $7,296 (-20.7%) | 1.2% | $193.01 | -6.6% | COM | 03027X100 |
| DLR | DIGITAL RLTY TR INC | 17,986 (-32.1%) | $2,783 (-39.2%) | 0.5% | $135.12 | +20.7% | COM | 253868103 |
| GOOGL | ALPHABET INC | 21,402 (-33.6%) | $6,699 (-14.6%) | 1.1% | $154.53 | +84.8% | CAP STK CL A | 02079K305 |
| DOC | HEALTHPEAK PROPERTIES INC | 17,508 (-73.4%) | $282 (-77.7%) | 0.0% | $17.46 | -0.0% | COM | 42250P103 |
| CP | CANADIAN PACIFIC KANSAS CITY | 60,610 (-16.2%) | $4,468 (-17.1%) | 0.8% | $78.64 | -6.4% | COM | 13646K108 |
| PCOR | PROCORE TECHNOLOGIES INC | 64,091 (-14.6%) | $4,662 (-14.8%) | 0.8% | $64.65 | +14.4% | COM | 74275K108 |
| BAP | CREDICORP LTD | 9,161 (-25.4%) | $2,629 (-19.6%) | 0.4% | $247.38 | +7.0% | COM | G2519Y108 |
| AVB | AVALONBAY CMNTYS INC | 12,965 (-15.3%) | $2,351 (-20.5%) | 0.4% | $186.04 | -3.4% | COM | 053484101 |
| AMZN | AMAZON COM INC | 24,674 (-12.5%) | $5,695 (-8.0%) | 1.0% | $172.77 | +32.4% | COM | 023135106 |
| BXP | BXP INC | 7,173 (-43.9%) | $484 (-49.1%) | 0.1% | $65.12 | +8.1% | COM | 101121101 |
| O | REALTY INCOME CORP | 31,460 (-12.8%) | $1,773 (-19.1%) | 0.3% | $52.59 | +9.1% | COM | 756109104 |
| PLD | PROLOGIS INC. | 63,560 (-6.1%) | $8,114 (+4.7%) | 1.4% | $114.14 | +8.5% | COM | 74340W103 |
| BNL | BROADSTONE NET LEASE INC | 13,219 (-59.7%) | $230 (-60.8%) | 0.0% | $17.04 | — | COM | 11135E203 |
| EXR | EXTRA SPACE STORAGE INC | 16,701 (-1.6%) | $2,175 (-9.1%) | 0.4% | $138.29 | -2.4% | COM | 30225T102 |
| CURB | CURBLINE PPTYS CORP | 26,990 (-14.8%) | $626 (-11.3%) | 0.1% | $22.30 | — | COM | 23128Q101 |
| EQR | EQUITY RESIDENTIAL | 26,099 (-2.0%) | $1,645 (-4.6%) | 0.3% | $61.53 | -1.4% | SH BEN INT | 29476L107 |
| WPC | WP CAREY INC | 14,806 (-1.8%) | $953 (-6.5%) | 0.2% | $67.57 | — | COM | 92936U109 |
| IVT | INVENTRUST PPTYS CORP | 22,223 (-8.2%) | $627 (-9.5%) | 0.1% | $28.43 | — | COM NEW | 46124J201 |
| ESS | ESSEX PPTY TR INC | 4,378 (-1.7%) | $1,146 (-3.9%) | 0.2% | $250.51 | +2.3% | COM | 297178105 |
| AMH | AMERICAN HOMES 4 RENT | 23,039 (-1.8%) | $740 (-5.2%) | 0.1% | $33.25 | — | CL A | 02665T306 |
| KRG | KITE RLTY GROUP TR | 35,821 (-9.3%) | $859 (-2.5%) | 0.1% | $23.40 | — | COM NEW | 49803T300 |
| HST | HOST HOTELS & RESORTS INC | 41,817 (-5.8%) | $741 (-1.8%) | 0.1% | $16.86 | +0.4% | COM | 44107P104 |
| Ticker | Issuer | Shares | Value ($000) | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| XME | SPDR SERIES TRUST | 973,559 | $100,870 | 17.2% | $26.64 | — | STATE STREET SPD | 78464A755 |
| GDX | VANECK ETF TRUST | 819,795 | $70,314 | 12.0% | $27.05 | — | GOLD MINERS ETF | 92189F106 |
| XOP | SPDR SERIES TRUST | 362,028 | $45,710 | 7.8% | $50.11 | — | STATE STREET SPD | 78468R556 |
| VNQ | VANGUARD INDEX FDS | 856,425 | $75,785 | 12.9% | $87.30 | — | REAL ESTATE ETF | 922908553 |
| RSP | INVESCO EXCHANGE TRADED FD T | 467,029 | $89,464 | 15.3% | $169.37 | — | S&P500 EQL WGT | 46137V357 |
| SPG | SIMON PPTY GROUP INC NEW | 28,483 | $5,272 | 0.9% | $129.51 | +39.0% | COM | 828806109 |
| SBAC | SBA COMMUNICATIONS CORP NEW | 11,843 | $2,291 | 0.4% | $217.71 | -11.5% | CL A | 78410G104 |