Q4 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PLD | Sell | PROLOGIS INC. | $13,809,425 | +3.8% | 122,500 | -6.5% | 7.01% | +18.4% |
| BRX | Sell | BRIXMOR PPTY GROUP INC | $13,035,250 | +6.9% | 575,000 | -12.9% | 6.62% | +22.0% |
| PEAK | Buy | HEALTHPEAK PROPERTIES INC | $10,905,450 | +12.0% | 435,000 | +2.4% | 5.54% | +27.8% |
| HIW | Buy | HIGHWOODS PPTYS INC | $10,772,300 | +77.6% | 385,000 | +71.1% | 5.47% | +102.6% |
| REXR | Buy | REXFORD INDL RLTY INC | $10,108,400 | +55.5% | 185,000 | +48.0% | 5.13% | +77.5% |
| PSA | Sell | PUBLIC STORAGE | $8,685,890 | -25.8% | 31,000 | -22.5% | 4.41% | -15.4% |
| EPRT | Buy | ESSENTIAL PPTYS RLTY TR INC | $8,214,500 | +48.2% | 350,000 | +22.8% | 4.17% | +69.1% |
| NTST | Sell | NETSTREIT CORP | $7,973,550 | -14.7% | 435,000 | -17.1% | 4.05% | -2.7% |
| SRC | Sell | SPIRIT RLTY CAP INC NEW | $7,586,700 | +4.9% | 190,000 | -5.0% | 3.85% | +19.7% |
| SUI | Buy | SUN CMNTYS INC | $7,507,500 | +10.9% | 52,500 | +5.0% | 3.81% | +26.6% |
| IRT | New | INDEPENDENCE RLTY TR INC | $6,491,100 | – | 385,000 | – | 3.30% | – |
| SPG | New | SIMON PPTY GROUP INC NEW | $6,461,400 | – | 55,000 | – | 3.28% | – |
| Sell | HEALTHCARE RLTY TR | $5,781,000 | -17.2% | 300,000 | -10.4% | 2.94% | -5.6% | |
| LSI | Sell | LIFE STORAGE INC | $5,417,500 | -18.5% | 55,000 | -8.3% | 2.75% | -7.0% |
| AKR | Buy | ACADIA RLTY TR | $5,381,250 | +1602.9% | 375,000 | +1400.0% | 2.73% | +1838.3% |
| STAG | Buy | STAG INDL INC | $4,846,500 | +127.3% | 150,000 | +100.0% | 2.46% | +159.3% |
| KRG | New | KITE RLTY GROUP TR | $4,631,000 | – | 220,000 | – | 2.35% | – |
| DEI | Sell | DOUGLAS EMMETT INC | $4,468,800 | -26.7% | 285,000 | -16.2% | 2.27% | -16.3% |
| HST | Buy | HOST HOTELS & RESORTS INC | $4,413,750 | +23.5% | 275,000 | +22.2% | 2.24% | +41.0% |
| BNL | New | BROADSTONE NET LEASE INC | $4,295,650 | – | 265,000 | – | 2.18% | – |
| WH | Sell | WYNDHAM HOTELS & RESORTS INC | $4,278,600 | -30.3% | 60,000 | -40.0% | 2.17% | -20.4% |
| BXP | Sell | BOSTON PROPERTIES INC | $4,223,750 | -59.8% | 62,500 | -55.4% | 2.14% | -54.1% |
| AIRC | New | APARTMENT INCOME REIT CORP | $3,945,650 | – | 115,000 | – | 2.00% | – |
| ESS | Sell | ESSEX PPTY TR INC | $3,920,520 | -69.2% | 18,500 | -64.8% | 1.99% | -64.8% |
| KRC | Sell | KILROY RLTY CORP | $3,867,000 | -35.6% | 100,000 | -29.8% | 1.96% | -26.5% |
| CPT | New | CAMDEN PPTY TRsh ben int | $3,356,400 | – | 30,000 | – | 1.70% | – |
| DLR | Sell | DIGITAL RLTY TR INC | $3,008,100 | -62.1% | 30,000 | -62.5% | 1.53% | -56.7% |
| SHO | Buy | SUNSTONE HOTEL INVS INC NEW | $2,898,000 | +207.6% | 300,000 | +200.0% | 1.47% | +251.3% |
| REG | Sell | REGENCY CTRS CORP | $2,500,000 | -38.1% | 40,000 | -46.7% | 1.27% | -29.3% |
| VICI | Sell | VICI PPTYS INC | $2,106,000 | -43.6% | 65,000 | -48.0% | 1.07% | -35.5% |
| New | SL GREEN RLTY CORP | $1,854,600 | – | 55,000 | – | 0.94% | – | |
| RHP | Sell | RYMAN HOSPITALITY PPTYS INC | $1,840,050 | -37.5% | 22,500 | -43.8% | 0.93% | -28.7% |
| GTY | Sell | GETTY RLTY CORP NEW | $1,354,000 | -79.0% | 40,000 | -83.3% | 0.69% | -76.0% |
| ESRT | Sell | EMPIRE ST RLTY TR INCcl a | $1,213,200 | -78.2% | 180,000 | -78.8% | 0.62% | -75.2% |
| OHI | Sell | OMEGA HEALTHCARE INVS INC | $838,500 | -71.6% | 30,000 | -70.0% | 0.43% | -67.5% |
| ILPT | New | INDUSTRIAL LOGISTICS PPTYS T | $408,750 | – | 125,000 | – | 0.21% | – |
| ROIC | Exit | RETAIL OPPORTUNITY INVTS COR | $0 | – | -100,000 | – | -0.61% | – |
| H | Exit | HYATT HOTELS CORP | $0 | – | -20,000 | – | -0.72% | – |
| EQR | Exit | EQUITY RESIDENTIALsh ben int | $0 | – | -30,000 | – | -0.90% | – |
| Exit | FEDERAL RLTY INVT TR NEWsh ben int new | $0 | – | -27,500 | – | -1.10% | – | |
| UE | Exit | URBAN EDGE PPTYS | $0 | – | -200,000 | – | -1.19% | – |
| CSR | Exit | CENTERSPACE | $0 | – | -40,000 | – | -1.20% | – |
| RPT | Exit | RPT REALTYsh ben int | $0 | – | -375,000 | – | -1.26% | – |
| PEB | Exit | PEBBLEBROOK HOTEL TR | $0 | – | -275,000 | – | -1.78% | – |
| CUBE | Exit | CUBESMART | $0 | – | -115,000 | – | -2.05% | – |
| AVB | Exit | AVALONBAY CMNTYS INC | $0 | – | -27,500 | – | -2.25% | – |
| INVH | Exit | INVITATION HOMES INC | $0 | – | -215,000 | – | -3.23% | – |
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PLD | New | PROLOGIS INC. | $13,310,000 | – | 131,000 | – | 5.92% | – |
| ESS | Buy | ESSEX PPTY TR INC | $12,717,000 | +177.9% | 52,500 | +200.0% | 5.66% | +156.5% |
| BRX | Buy | BRIXMOR PPTY GROUP INC | $12,190,000 | +9.7% | 660,000 | +20.0% | 5.42% | +1.2% |
| PSA | New | PUBLIC STORAGE | $11,712,000 | – | 40,000 | – | 5.21% | – |
| BXP | Buy | BOSTON PROPERTIES INC | $10,496,000 | +43.0% | 140,000 | +69.7% | 4.67% | +32.0% |
| PEAK | New | HEALTHPEAK PROPERTIES INC | $9,741,000 | – | 425,000 | – | 4.34% | – |
| DLR | New | DIGITAL RLTY TR INC | $7,934,000 | – | 80,000 | – | 3.53% | – |
| INVH | Sell | INVITATION HOMES INC | $7,261,000 | -18.4% | 215,000 | -14.0% | 3.23% | -24.7% |
| SRC | New | SPIRIT RLTY CAP INC NEW | $7,232,000 | – | 200,000 | – | 3.22% | – |
| New | HEALTHCARE RLTY TR | $6,985,000 | – | 335,000 | – | 3.11% | – | |
| SUI | New | SUN CMNTYS INC | $6,767,000 | – | 50,000 | – | 3.01% | – |
| LSI | Sell | LIFE STORAGE INC | $6,646,000 | -39.0% | 60,000 | -38.5% | 2.96% | -43.6% |
| REXR | Buy | REXFORD INDL RLTY INC | $6,500,000 | +50.5% | 125,000 | +66.7% | 2.89% | +39.0% |
| WH | New | WYNDHAM HOTELS & RESORTS INC | $6,135,000 | – | 100,000 | – | 2.73% | – |
| DEI | New | DOUGLAS EMMETT INC | $6,096,000 | – | 340,000 | – | 2.71% | – |
| HIW | Buy | HIGHWOODS PPTYS INC | $6,066,000 | +54.3% | 225,000 | +95.7% | 2.70% | +42.5% |
| KRC | Sell | KILROY RLTY CORP | $6,001,000 | -38.0% | 142,500 | -23.0% | 2.67% | -42.8% |
| ESRT | New | EMPIRE ST RLTY TR INCcl a | $5,576,000 | – | 850,000 | – | 2.48% | – |
| EPRT | Sell | ESSENTIAL PPTYS RLTY TR INC | $5,543,000 | -26.3% | 285,000 | -18.6% | 2.47% | -32.0% |
| AVB | Sell | AVALONBAY CMNTYS INC | $5,065,000 | -47.9% | 27,500 | -45.0% | 2.25% | -51.9% |
| CUBE | Sell | CUBESMART | $4,607,000 | -52.1% | 115,000 | -48.9% | 2.05% | -55.8% |
| VTR | Sell | VENTAS INC | $4,017,000 | -55.4% | 100,000 | -42.9% | 1.79% | -58.8% |
| PEB | New | PEBBLEBROOK HOTEL TR | $3,990,000 | – | 275,000 | – | 1.78% | – |
| VICI | Sell | VICI PPTYS INC | $3,731,000 | -64.2% | 125,000 | -64.3% | 1.66% | -67.0% |
| HST | Sell | HOST HOTELS & RESORTS INC | $3,573,000 | -32.0% | 225,000 | -32.8% | 1.59% | -37.2% |
| OHI | New | OMEGA HEALTHCARE INVS INC | $2,949,000 | – | 100,000 | – | 1.31% | – |
| RHP | Sell | RYMAN HOSPITALITY PPTYS INC | $2,944,000 | -13.9% | 40,000 | -11.1% | 1.31% | -20.6% |
| RPT | Buy | RPT REALTYsh ben int | $2,835,000 | -13.9% | 375,000 | +11.9% | 1.26% | -20.5% |
| CSR | Buy | CENTERSPACE | $2,693,000 | -5.6% | 40,000 | +14.3% | 1.20% | -12.9% |
| UE | New | URBAN EDGE PPTYS | $2,668,000 | – | 200,000 | – | 1.19% | – |
| New | FEDERAL RLTY INVT TR NEWsh ben int new | $2,478,000 | – | 27,500 | – | 1.10% | – | |
| STAG | Sell | STAG INDL INC | $2,132,000 | -69.3% | 75,000 | -66.7% | 0.95% | -71.7% |
| EQR | Buy | EQUITY RESIDENTIALsh ben int | $2,017,000 | +1.6% | 30,000 | +9.1% | 0.90% | -6.2% |
| H | New | HYATT HOTELS CORP | $1,619,000 | – | 20,000 | – | 0.72% | – |
| ROIC | New | RETAIL OPPORTUNITY INVTS COR | $1,376,000 | – | 100,000 | – | 0.61% | – |
| SHO | Sell | SUNSTONE HOTEL INVS INC NEW | $942,000 | -78.9% | 100,000 | -77.8% | 0.42% | -80.5% |
| AKR | Sell | ACADIA RLTY TR | $316,000 | -91.9% | 25,000 | -90.0% | 0.14% | -92.5% |
| HPP | Exit | HUDSON PAC PPTYS INC | $0 | – | -125,000 | – | -0.89% | – |
| NSA | Exit | NATIONAL STORAGE AFFILIATES | $0 | – | -40,000 | – | -0.97% | – |
| GLPI | Exit | GAMING & LEISURE PPTYS INC | $0 | – | -50,000 | – | -1.10% | – |
| KRG | Exit | KITE RLTY GROUP TR | $0 | – | -175,000 | – | -1.46% | – |
| CTRE | Exit | CARETRUST REIT INC | $0 | – | -170,000 | – | -1.51% | – |
| VNO | Exit | VORNADO RLTY TRsh ben int | $0 | – | -110,000 | – | -1.52% | – |
| LTC | Exit | LTC PPTYS INC | $0 | – | -90,000 | – | -1.67% | – |
| EGP | Exit | EASTGROUP PPTYS INC | $0 | – | -25,000 | – | -1.86% | – |
| LXP | Exit | LXP INDUSTRIAL TRUST | $0 | – | -475,000 | – | -2.46% | – |
| ELS | Exit | EQUITY LIFESTYLE PPTYS INC | $0 | – | -117,500 | – | -3.99% | – |
| CPT | Exit | CAMDEN PPTY TRsh ben int | $0 | – | -85,000 | – | -5.51% | – |
Q2 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CPT | New | CAMDEN PPTY TRsh ben int | $11,431,000 | – | 85,000 | – | 5.51% | – |
| BRX | New | BRIXMOR PPTY GROUP INC | $11,116,000 | – | 550,000 | – | 5.36% | – |
| LSI | New | LIFE STORAGE INC | $10,887,000 | – | 97,500 | – | 5.25% | – |
| VICI | New | VICI PPTYS INC | $10,427,000 | – | 350,000 | – | 5.03% | – |
| NTST | New | NETSTREIT CORP | $9,907,000 | – | 525,000 | – | 4.78% | – |
| AVB | New | AVALONBAY CMNTYS INC | $9,713,000 | – | 50,000 | – | 4.68% | – |
| KRC | New | KILROY RLTY CORP | $9,681,000 | – | 185,000 | – | 4.67% | – |
| CUBE | New | CUBESMART | $9,612,000 | – | 225,000 | – | 4.63% | – |
| VTR | New | VENTAS INC | $9,000,000 | – | 175,000 | – | 4.34% | – |
| INVH | New | INVITATION HOMES INC | $8,895,000 | – | 250,000 | – | 4.29% | – |
| ELS | New | EQUITY LIFESTYLE PPTYS INC | $8,280,000 | – | 117,500 | – | 3.99% | – |
| EPRT | New | ESSENTIAL PPTYS RLTY TR INC | $7,522,000 | – | 350,000 | – | 3.63% | – |
| BXP | New | BOSTON PROPERTIES INC | $7,341,000 | – | 82,500 | – | 3.54% | – |
| STAG | New | STAG INDL INC | $6,948,000 | – | 225,000 | – | 3.35% | – |
| GTY | New | GETTY RLTY CORP NEW | $6,360,000 | – | 240,000 | – | 3.07% | – |
| HST | New | HOST HOTELS & RESORTS INC | $5,253,000 | – | 335,000 | – | 2.53% | – |
| LXP | New | LXP INDUSTRIAL TRUST | $5,102,000 | – | 475,000 | – | 2.46% | – |
| ESS | New | ESSEX PPTY TR INC | $4,576,000 | – | 17,500 | – | 2.21% | – |
| SHO | New | SUNSTONE HOTEL INVS INC NEW | $4,464,000 | – | 449,991 | – | 2.15% | – |
| REG | New | REGENCY CTRS CORP | $4,448,000 | – | 75,000 | – | 2.14% | – |
| REXR | New | REXFORD INDL RLTY INC | $4,319,000 | – | 75,000 | – | 2.08% | – |
| HIW | New | HIGHWOODS PPTYS INC | $3,932,000 | – | 115,000 | – | 1.90% | – |
| AKR | New | ACADIA RLTY TR | $3,905,000 | – | 250,000 | – | 1.88% | – |
| EGP | New | EASTGROUP PPTYS INC | $3,858,000 | – | 25,000 | – | 1.86% | – |
| LTC | New | LTC PPTYS INC | $3,455,000 | – | 90,000 | – | 1.67% | – |
| RHP | New | RYMAN HOSPITALITY PPTYS INC | $3,421,000 | – | 45,000 | – | 1.65% | – |
| RPT | New | RPT REALTYsh ben int | $3,293,000 | – | 335,000 | – | 1.59% | – |
| VNO | New | VORNADO RLTY TRsh ben int | $3,145,000 | – | 110,000 | – | 1.52% | – |
| CTRE | New | CARETRUST REIT INC | $3,135,000 | – | 170,000 | – | 1.51% | – |
| KRG | New | KITE RLTY GROUP TR | $3,026,000 | – | 175,000 | – | 1.46% | – |
| CSR | New | CENTERSPACE | $2,854,000 | – | 35,000 | – | 1.38% | – |
| GLPI | New | GAMING & LEISURE PPTYS INC | $2,293,000 | – | 50,000 | – | 1.10% | – |
| NSA | New | NATIONAL STORAGE AFFILIATES | $2,003,000 | – | 40,000 | – | 0.97% | – |
| EQR | New | EQUITY RESIDENTIALsh ben int | $1,986,000 | – | 27,500 | – | 0.96% | – |
| HPP | New | HUDSON PAC PPTYS INC | $1,855,000 | – | 125,000 | – | 0.89% | – |
Q4 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SLG | Exit | SL GREEN RLTY CORP | $0 | – | -7,500 | – | -0.25% | – |
| HT | Exit | HERSHA HOSPITALITY TR | $0 | – | -90,000 | – | -0.40% | – |
| UDR | Exit | UDR INC | $0 | – | -22,500 | – | -0.56% | – |
| PDM | Exit | PIEDMONT OFFICE REALTY TR IN | $0 | – | -80,000 | – | -0.66% | – |
| NNN | Exit | NATIONAL RETAIL PROPERTIES I | $0 | – | -35,000 | – | -0.71% | – |
| MCS | Exit | MARCUS CORP DEL | $0 | – | -90,000 | – | -0.74% | – |
| MPW | Exit | MEDICAL PPTYS TRUST INC | $0 | – | -80,000 | – | -0.76% | – |
| AIRC | Exit | APARTMENT INCOME REIT CORP | $0 | – | -35,000 | – | -0.80% | – |
| PLYA | Exit | PLAYA HOTELS & RESORTS NV | $0 | – | -250,000 | – | -0.98% | – |
| EGP | Exit | EASTGROUP PPTYS INC | $0 | – | -12,500 | – | -0.98% | – |
| AIV | Exit | APARTMENT INVT & MGMT COcl a | $0 | – | -325,000 | – | -1.05% | – |
| MTH | Exit | MERITAGE HOMES CORP | $0 | – | -24,500 | – | -1.12% | – |
| RPT | Exit | RPT REALTYsh ben int | $0 | – | -220,000 | – | -1.32% | – |
| CWK | Exit | CUSHMAN WAKEFIELD PLC | $0 | – | -165,000 | – | -1.45% | – |
| APLE | Exit | APPLE HOSPITALITY REIT INC | $0 | – | -200,000 | – | -1.48% | – |
| GTY | Exit | GETTY RLTY CORP NEW | $0 | – | -110,000 | – | -1.52% | – |
| WH | Exit | WYNDHAM HOTELS & RESORTS INC | $0 | – | -42,500 | – | -1.55% | – |
| PEAK | Exit | HEALTHPEAK PROPERTIES INC | $0 | – | -100,000 | – | -1.58% | – |
| VER | Exit | VEREIT INC | $0 | – | -80,000 | – | -1.70% | – |
| KRC | Exit | KILROY RLTY CORP | $0 | – | -58,500 | – | -1.82% | – |
| STAG | Exit | STAG INDL INC | $0 | – | -100,000 | – | -1.85% | – |
| INVH | Exit | INVITATION HOMES INC | $0 | – | -105,000 | – | -1.90% | – |
| SHO | Exit | SUNSTONE HOTEL INVS INC NEW | $0 | – | -345,000 | – | -1.94% | – |
| SPG | Exit | SIMON PPTY GROUP INC NEW | $0 | – | -32,500 | – | -1.99% | – |
| ELS | Exit | EQUITY LIFESTYLE PPTYS INC | $0 | – | -55,000 | – | -2.02% | – |
| CONE | Exit | CYRUSONE INC | $0 | – | -56,000 | – | -2.04% | – |
| NTST | Exit | NETSTREIT CORP | $0 | – | -185,503 | – | -2.07% | – |
| MGP | Exit | MGM GROWTH PPTYS LLC | $0 | – | -115,000 | – | -2.08% | – |
| LEN | Exit | LENNAR CORPcl a | $0 | – | -48,000 | – | -2.12% | – |
| INN | Exit | SUMMIT HOTEL PPTYS INC | $0 | – | -500,000 | – | -2.27% | – |
| PEB | Exit | PEBBLEBROOK HOTEL TR | $0 | – | -215,000 | – | -2.27% | – |
| PSA | Exit | PUBLIC STORAGE | $0 | – | -16,500 | – | -2.31% | – |
| HLT | Exit | HILTON WORLDWIDE HLDGS INC | $0 | – | -40,000 | – | -2.49% | – |
| IRT | Exit | INDEPENDENCE RLTY TR INC | $0 | – | -265,000 | – | -2.54% | – |
| VTR | Exit | VENTAS INC | $0 | – | -105,000 | – | -2.73% | – |
| ARE | Exit | ALEXANDRIA REAL ESTATE EQ IN | $0 | – | -31,000 | – | -2.79% | – |
| LSI | Exit | LIFE STORAGE INC | $0 | – | -52,500 | – | -2.84% | – |
| REXR | Exit | REXFORD INDL RLTY INC | $0 | – | -110,000 | – | -2.94% | – |
| ACC | Exit | AMERICAN CAMPUS CMNTYS INC | $0 | – | -140,000 | – | -3.20% | – |
| LXP | Exit | LEXINGTON REALTY TRUST | $0 | – | -550,000 | – | -3.30% | – |
| VNO | Exit | VORNADO RLTY TRsh ben int | $0 | – | -170,000 | – | -3.36% | – |
| O | Exit | REALTY INCOME CORP | $0 | – | -125,000 | – | -3.82% | – |
| CPT | Exit | CAMDEN PPTY TRsh ben int | $0 | – | -58,500 | – | -4.06% | – |
| BRX | Exit | BRIXMOR PPTY GROUP INC | $0 | – | -395,000 | – | -4.11% | – |
| BXP | Exit | BOSTON PROPERTIES INC | $0 | – | -94,000 | – | -4.80% | – |
| REG | Exit | REGENCY CTRS CORP | $0 | – | -157,500 | – | -5.00% | – |
| AVB | Exit | AVALONBAY CMNTYS INC | $0 | – | -55,000 | – | -5.74% | – |
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| AVB | New | AVALONBAY CMNTYS INC | $12,190,000 | – | 55,000 | – | 5.74% | – |
| REG | New | REGENCY CTRS CORP | $10,604,000 | – | 157,500 | – | 5.00% | – |
| BXP | Buy | BOSTON PROPERTIES INC | $10,185,000 | +26.1% | 94,000 | +33.3% | 4.80% | +12.0% |
| BRX | Sell | BRIXMOR PPTY GROUP INC | $8,733,000 | -19.7% | 395,000 | -16.8% | 4.11% | -28.7% |
| CPT | Buy | CAMDEN PPTY TRsh ben int | $8,627,000 | +622.5% | 58,500 | +550.0% | 4.06% | +542.0% |
| O | Buy | REALTY INCOME CORP | $8,108,000 | +62.0% | 125,000 | +66.7% | 3.82% | +43.9% |
| VNO | Sell | VORNADO RLTY TRsh ben int | $7,142,000 | -28.8% | 170,000 | -20.9% | 3.36% | -36.8% |
| LXP | New | LEXINGTON REALTY TRUST | $7,013,000 | – | 550,000 | – | 3.30% | – |
| ACC | Sell | AMERICAN CAMPUS CMNTYS INC | $6,783,000 | -30.9% | 140,000 | -33.3% | 3.20% | -38.6% |
| REXR | Sell | REXFORD INDL RLTY INC | $6,243,000 | -33.6% | 110,000 | -33.3% | 2.94% | -41.0% |
| LSI | New | LIFE STORAGE INC | $6,024,000 | – | 52,500 | – | 2.84% | – |
| ARE | New | ALEXANDRIA REAL ESTATE EQ IN | $5,923,000 | – | 31,000 | – | 2.79% | – |
| VTR | New | VENTAS INC | $5,797,000 | – | 105,000 | – | 2.73% | – |
| IRT | Buy | INDEPENDENCE RLTY TR INC | $5,393,000 | +322.6% | 265,000 | +278.6% | 2.54% | +275.3% |
| HLT | New | HILTON WORLDWIDE HLDGS INC | $5,284,000 | – | 40,000 | – | 2.49% | – |
| PSA | Sell | PUBLIC STORAGE | $4,902,000 | -36.1% | 16,500 | -35.3% | 2.31% | -43.2% |
| PEB | Buy | PEBBLEBROOK HOTEL TR | $4,818,000 | +81.9% | 215,000 | +91.1% | 2.27% | +61.6% |
| INN | New | SUMMIT HOTEL PPTYS INC | $4,815,000 | – | 500,000 | – | 2.27% | – |
| LEN | New | LENNAR CORPcl a | $4,497,000 | – | 48,000 | – | 2.12% | – |
| MGP | Sell | MGM GROWTH PPTYS LLC | $4,405,000 | -35.0% | 115,000 | -37.8% | 2.08% | -42.2% |
| NTST | New | NETSTREIT CORP | $4,387,000 | – | 185,503 | – | 2.07% | – |
| CONE | Buy | CYRUSONE INC | $4,335,000 | +73.2% | 56,000 | +60.0% | 2.04% | +53.9% |
| ELS | Buy | EQUITY LIFESTYLE PPTYS INC | $4,296,000 | +285.3% | 55,000 | +266.7% | 2.02% | +242.5% |
| SPG | Buy | SIMON PPTY GROUP INC NEW | $4,224,000 | +29.5% | 32,500 | +30.0% | 1.99% | +15.0% |
| SHO | Buy | SUNSTONE HOTEL INVS INC NEW | $4,119,000 | -2.5% | 345,000 | +1.5% | 1.94% | -13.4% |
| INVH | Sell | INVITATION HOMES INC | $4,025,000 | -6.1% | 105,000 | -8.7% | 1.90% | -16.6% |
| STAG | Buy | STAG INDL INC | $3,925,000 | +31.1% | 100,000 | +25.0% | 1.85% | +16.4% |
| KRC | Sell | KILROY RLTY CORP | $3,873,000 | -34.6% | 58,500 | -31.2% | 1.82% | -41.9% |
| VER | New | VEREIT INC | $3,618,000 | – | 80,000 | – | 1.70% | – |
| PEAK | Sell | HEALTHPEAK PROPERTIES INC | $3,348,000 | -62.0% | 100,000 | -62.3% | 1.58% | -66.3% |
| WH | New | WYNDHAM HOTELS & RESORTS INC | $3,281,000 | – | 42,500 | – | 1.55% | – |
| GTY | Buy | GETTY RLTY CORP NEW | $3,224,000 | +9.0% | 110,000 | +15.8% | 1.52% | -3.2% |
| APLE | New | APPLE HOSPITALITY REIT INC | $3,146,000 | – | 200,000 | – | 1.48% | – |
| CWK | New | CUSHMAN WAKEFIELD PLC | $3,071,000 | – | 165,000 | – | 1.45% | – |
| RPT | New | RPT REALTYsh ben int | $2,807,000 | – | 220,000 | – | 1.32% | – |
| MTH | New | MERITAGE HOMES CORP | $2,377,000 | – | 24,500 | – | 1.12% | – |
| AIV | New | APARTMENT INVT & MGMT COcl a | $2,226,000 | – | 325,000 | – | 1.05% | – |
| EGP | Sell | EASTGROUP PPTYS INC | $2,083,000 | -62.2% | 12,500 | -62.7% | 0.98% | -66.4% |
| PLYA | Sell | PLAYA HOTELS & RESORTS NV | $2,073,000 | -14.2% | 250,000 | -23.1% | 0.98% | -23.7% |
| AIRC | Sell | APARTMENT INCOME REIT CORP | $1,708,000 | -40.0% | 35,000 | -41.7% | 0.80% | -46.7% |
| MPW | New | MEDICAL PPTYS TRUST INC | $1,606,000 | – | 80,000 | – | 0.76% | – |
| MCS | Buy | MARCUS CORP DEL | $1,571,000 | -1.3% | 90,000 | +20.0% | 0.74% | -12.3% |
| NNN | Sell | NATIONAL RETAIL PROPERTIES I | $1,512,000 | -83.9% | 35,000 | -82.5% | 0.71% | -85.7% |
| PDM | New | PIEDMONT OFFICE REALTY TR IN | $1,394,000 | – | 80,000 | – | 0.66% | – |
| UDR | Sell | UDR INC | $1,192,000 | -85.3% | 22,500 | -86.4% | 0.56% | -86.9% |
| HT | Sell | HERSHA HOSPITALITY TR | $840,000 | -52.7% | 90,000 | -45.5% | 0.40% | -57.9% |
| SLG | New | SL GREEN RLTY CORP | $531,000 | – | 7,500 | – | 0.25% | – |
| DEI | Exit | DOUGLAS EMMETT INC | $0 | – | -25,000 | – | -0.45% | – |
| CTRE | Exit | CARETRUST REIT INC | $0 | – | -50,000 | – | -0.62% | – |
| CHCT | Exit | COMMUNITY HEALTHCARE TR INC | $0 | – | -25,000 | – | -0.63% | – |
| WSR | Exit | WHITESTONE REIT | $0 | – | -190,000 | – | -0.83% | – |
| KBH | Exit | KB HOME | $0 | – | -40,000 | – | -0.86% | – |
| HIW | Exit | HIGHWOODS PPTYS INC | $0 | – | -50,000 | – | -1.20% | – |
| EQIX | Exit | EQUINIX INC | $0 | – | -3,500 | – | -1.49% | – |
| CXP | Exit | COLUMBIA PPTY TR INC | $0 | – | -175,000 | – | -1.61% | – |
| EPRT | Exit | ESSENTIAL PPTYS RLTY TR INC | $0 | – | -125,000 | – | -1.79% | – |
| HR | Exit | HEALTHCARE RLTY TR | $0 | – | -135,000 | – | -2.16% | – |
| EXR | Exit | EXTRA SPACE STORAGE INC | $0 | – | -25,500 | – | -2.22% | – |
| ESS | Exit | ESSEX PPTY TR INC | $0 | – | -16,000 | – | -2.54% | – |
| AKR | Exit | ACADIA RLTY TR | $0 | – | -225,000 | – | -2.62% | – |
| PGRE | Exit | PARAMOUNT GROUP INC | $0 | – | -575,000 | – | -3.07% | – |
| WELL | Exit | WELLTOWER INC | $0 | – | -78,000 | – | -3.44% | – |
Q2 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BRX | New | BRIXMOR PPTY GROUP INC | $10,873,000 | – | 475,000 | – | 5.77% | – |
| VNO | New | VORNADO RLTY TRsh ben int | $10,034,000 | – | 215,000 | – | 5.32% | – |
| ACC | New | AMERICAN CAMPUS CMNTYS INC | $9,811,000 | – | 210,000 | – | 5.20% | – |
| REXR | New | REXFORD INDL RLTY INC | $9,397,000 | – | 165,000 | – | 4.98% | – |
| NNN | New | NATIONAL RETAIL PROPERTIES I | $9,376,000 | – | 200,000 | – | 4.97% | – |
| PEAK | New | HEALTHPEAK PROPERTIES INC | $8,822,000 | – | 265,000 | – | 4.68% | – |
| UDR | New | UDR INC | $8,082,000 | – | 165,000 | – | 4.29% | – |
| BXP | New | BOSTON PROPERTIES INC | $8,079,000 | – | 70,500 | – | 4.28% | – |
| PSA | New | PUBLIC STORAGE | $7,668,000 | – | 25,500 | – | 4.07% | – |
| MGP | New | MGM GROWTH PPTYS LLC | $6,775,000 | – | 185,000 | – | 3.59% | – |
| WELL | New | WELLTOWER INC | $6,482,000 | – | 78,000 | – | 3.44% | – |
| KRC | New | KILROY RLTY CORP | $5,919,000 | – | 85,000 | – | 3.14% | – |
| PGRE | New | PARAMOUNT GROUP INC | $5,790,000 | – | 575,000 | – | 3.07% | – |
| EGP | New | EASTGROUP PPTYS INC | $5,509,000 | – | 33,500 | – | 2.92% | – |
| O | New | REALTY INCOME CORP | $5,006,000 | – | 75,000 | – | 2.65% | – |
| AKR | New | ACADIA RLTY TR | $4,941,000 | – | 225,000 | – | 2.62% | – |
| ESS | New | ESSEX PPTY TR INC | $4,800,000 | – | 16,000 | – | 2.54% | – |
| INVH | New | INVITATION HOMES INC | $4,288,000 | – | 115,000 | – | 2.27% | – |
| SHO | New | SUNSTONE HOTEL INVS INC NEW | $4,223,000 | – | 340,000 | – | 2.24% | – |
| EXR | New | EXTRA SPACE STORAGE INC | $4,177,000 | – | 25,500 | – | 2.22% | – |
| HR | New | HEALTHCARE RLTY TR | $4,077,000 | – | 135,000 | – | 2.16% | – |
| EPRT | New | ESSENTIAL PPTYS RLTY TR INC | $3,380,000 | – | 125,000 | – | 1.79% | – |
| SPG | New | SIMON PPTY GROUP INC NEW | $3,262,000 | – | 25,000 | – | 1.73% | – |
| CXP | New | COLUMBIA PPTY TR INC | $3,043,000 | – | 175,000 | – | 1.61% | – |
| STAG | New | STAG INDL INC | $2,994,000 | – | 80,000 | – | 1.59% | – |
| GTY | New | GETTY RLTY CORP NEW | $2,959,000 | – | 95,000 | – | 1.57% | – |
| AIRC | New | APARTMENT INCOME REIT CORP | $2,846,000 | – | 60,000 | – | 1.51% | – |
| EQIX | New | EQUINIX INC | $2,809,000 | – | 3,500 | – | 1.49% | – |
| PEB | New | PEBBLEBROOK HOTEL TR | $2,649,000 | – | 112,500 | – | 1.40% | – |
| CONE | New | CYRUSONE INC | $2,503,000 | – | 35,000 | – | 1.33% | – |
| PLYA | New | PLAYA HOTELS & RESORTS NV | $2,415,000 | – | 325,000 | – | 1.28% | – |
| HIW | New | HIGHWOODS PPTYS INC | $2,259,000 | – | 50,000 | – | 1.20% | – |
| HT | New | HERSHA HOSPITALITY TR | $1,775,000 | – | 165,000 | – | 0.94% | – |
| KBH | New | KB HOME | $1,629,000 | – | 40,000 | – | 0.86% | – |
| MCS | New | MARCUS CORP DEL | $1,591,000 | – | 75,000 | – | 0.84% | – |
| WSR | New | WHITESTONE REIT | $1,568,000 | – | 190,000 | – | 0.83% | – |
| IRT | New | INDEPENDENCE RLTY TR INC | $1,276,000 | – | 70,000 | – | 0.68% | – |
| CPT | New | CAMDEN PPTY TRsh ben int | $1,194,000 | – | 9,000 | – | 0.63% | – |
| CHCT | New | COMMUNITY HEALTHCARE TR INC | $1,187,000 | – | 25,000 | – | 0.63% | – |
| CTRE | New | CARETRUST REIT INC | $1,162,000 | – | 50,000 | – | 0.62% | – |
| ELS | New | EQUITY LIFESTYLE PPTYS INC | $1,115,000 | – | 15,000 | – | 0.59% | – |
| DEI | New | DOUGLAS EMMETT INC | $841,000 | – | 25,000 | – | 0.45% | – |
Q4 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BXP | Exit | BOSTON PROPERTIES INC | $0 | – | -4,000 | – | -0.26% | – |
| PEAK | Exit | HEALTHPEAK PROPERTIES INC | $0 | – | -30,000 | – | -0.65% | – |
| ESS | Exit | ESSEX PPTY TR INC | $0 | – | -5,000 | – | -0.80% | – |
| AVB | Exit | AVALONBAY CMNTYS INC | $0 | – | -7,500 | – | -0.89% | – |
| AIV | Exit | APARTMENT INVT & MGMT COcl a | $0 | – | -48,000 | – | -1.29% | – |
| COR | Exit | CORESITE RLTY CORP | $0 | – | -16,000 | – | -1.51% | – |
| FR | Exit | FIRST INDL RLTY TR INC | $0 | – | -50,000 | – | -1.58% | – |
| EPRT | Exit | ESSENTIAL PPTYS RLTY TR INC | $0 | – | -115,000 | – | -1.68% | – |
| INN | Exit | SUMMIT HOTEL PPTYS INC | $0 | – | -415,000 | – | -1.71% | – |
| NTST | Exit | NETSTREIT CORP | $0 | – | -120,000 | – | -1.74% | – |
| PLYM | Exit | PLYMOUTH INDL REIT INC | $0 | – | -205,000 | – | -2.01% | – |
| ACC | Exit | AMERICAN CAMPUS CMNTYS INC | $0 | – | -75,000 | – | -2.08% | – |
| ESRT | Exit | EMPIRE ST RLTY TR INCcl a | $0 | – | -450,000 | – | -2.19% | – |
| SRVR | Exit | PACER FDS TRbnchmrk infra | $0 | – | -85,000 | – | -2.39% | – |
| RPT | Exit | RPT REALTYsh ben int | $0 | – | -565,000 | – | -2.45% | – |
| KRC | Exit | KILROY RLTY CORP | $0 | – | -62,500 | – | -2.59% | – |
| NSA | Exit | NATIONAL STORAGE AFFILIATES | $0 | – | -115,000 | – | -3.00% | – |
| HTA | Exit | HEALTHCARE TR AMER INCcl a new | $0 | – | -150,000 | – | -3.10% | – |
| BRX | Exit | BRIXMOR PPTY GROUP INC | $0 | – | -350,000 | – | -3.26% | – |
| CUZ | Exit | COUSINS PPTYS INC | $0 | – | -165,000 | – | -3.76% | – |
| ELS | Exit | EQUITY LIFESTYLE PPTYS INC | $0 | – | -85,000 | – | -4.15% | – |
| IRT | Exit | INDEPENDENCE RLTY TR INC | $0 | – | -465,000 | – | -4.29% | – |
| STAG | Exit | STAG INDL INC | $0 | – | -180,000 | – | -4.37% | – |
| KIM | Exit | KIMCO RLTY CORP | $0 | – | -501,000 | – | -4.49% | – |
| INVH | Exit | INVITATION HOMES INC | $0 | – | -215,000 | – | -4.79% | – |
| HIW | Exit | HIGHWOODS PPTYS INC | $0 | – | -180,000 | – | -4.81% | – |
| CUBE | Exit | CUBESMART | $0 | – | -225,000 | – | -5.79% | – |
| VER | Exit | VEREIT INC | $0 | – | -1,275,000 | – | -6.60% | – |
| HR | Exit | HEALTHCARE RLTY TR | $0 | – | -300,000 | – | -7.19% | – |
| EGP | Exit | EASTGROUP PPTY INC | $0 | – | -70,000 | – | -7.21% | – |
| ADC | Exit | AGREE REALTY CORP | $0 | – | -145,500 | – | -7.37% | – |
Q3 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ADC | Buy | AGREE REALTY CORP | $9,260,000 | +116.8% | 145,500 | +123.8% | 7.37% | +20.2% |
| EGP | Buy | EASTGROUP PPTY INC | $9,053,000 | +142.3% | 70,000 | +122.2% | 7.21% | +34.3% |
| HR | New | HEALTHCARE RLTY TR | $9,036,000 | – | 300,000 | – | 7.19% | – |
| VER | Buy | VEREIT INC | $8,288,000 | +186.4% | 1,275,000 | +183.3% | 6.60% | +58.8% |
| CUBE | Buy | CUBESMART | $7,270,000 | +73.8% | 225,000 | +45.2% | 5.79% | -3.6% |
| HIW | New | HIGHWOODS PPTYS INC | $6,043,000 | – | 180,000 | – | 4.81% | – |
| INVH | Buy | INVITATION HOMES INC | $6,018,000 | +69.5% | 215,000 | +66.7% | 4.79% | -6.0% |
| KIM | Buy | KIMCO RLTY CORP | $5,641,000 | +83.0% | 501,000 | +108.8% | 4.49% | +1.5% |
| STAG | Buy | STAG INDL INC | $5,488,000 | +29.1% | 180,000 | +24.1% | 4.37% | -28.4% |
| IRT | Buy | INDEPENDENCE RLTY TR INC | $5,389,000 | +99.6% | 465,000 | +97.9% | 4.29% | +10.7% |
| ELS | Buy | EQUITY LIFESTYLE PPTYS INC | $5,211,000 | +108.5% | 85,000 | +112.5% | 4.15% | +15.6% |
| CUZ | New | COUSINS PPTYS INC | $4,717,000 | – | 165,000 | – | 3.76% | – |
| BRX | Buy | BRIXMOR PPTY GROUP INC | $4,092,000 | +59.6% | 350,000 | +75.0% | 3.26% | -11.5% |
| HTA | Buy | HEALTHCARE TR AMER INCcl a new | $3,900,000 | +22.6% | 150,000 | +25.0% | 3.10% | -32.0% |
| NSA | New | NATIONAL STORAGE AFFILIATES | $3,762,000 | – | 115,000 | – | 3.00% | – |
| KRC | New | KILROY RLTY CORP | $3,248,000 | – | 62,500 | – | 2.59% | – |
| RPT | Buy | RPT REALTYsh ben int | $3,074,000 | +132.5% | 565,000 | +197.4% | 2.45% | +28.9% |
| SRVR | New | PACER FDS TRbnchmrk infra | $3,003,000 | – | 85,000 | – | 2.39% | – |
| ESRT | New | EMPIRE ST RLTY TR INCcl a | $2,754,000 | – | 450,000 | – | 2.19% | – |
| ACC | Sell | AMERICAN CAMPUS CMNTYS INC | $2,619,000 | -31.9% | 75,000 | -31.8% | 2.08% | -62.2% |
| PLYM | New | PLYMOUTH INDL REIT INC | $2,530,000 | – | 205,000 | – | 2.01% | – |
| NTST | New | NETSTREIT CORP | $2,191,000 | – | 120,000 | – | 1.74% | – |
| INN | Buy | SUMMIT HOTEL PPTYS INC | $2,150,000 | +141.6% | 415,000 | +176.7% | 1.71% | +34.0% |
| EPRT | New | ESSENTIAL PPTYS RLTY TR INC | $2,107,000 | – | 115,000 | – | 1.68% | – |
| FR | Sell | FIRST INDL RLTY TR INC | $1,990,000 | -20.4% | 50,000 | -23.1% | 1.58% | -55.9% |
| COR | Buy | CORESITE RLTY CORP | $1,902,000 | +57.1% | 16,000 | +60.0% | 1.51% | -12.9% |
| AIV | New | APARTMENT INVT & MGMT COcl a | $1,619,000 | – | 48,000 | – | 1.29% | – |
| AVB | Sell | AVALONBAY CMNTYS INC | $1,120,000 | -63.8% | 7,500 | -62.5% | 0.89% | -79.9% |
| ESS | New | ESSEX PPTY TR INC | $1,004,000 | – | 5,000 | – | 0.80% | – |
| PEAK | Sell | HEALTHPEAK PROPERTIES INC | $815,000 | -55.2% | 30,000 | -54.5% | 0.65% | -75.2% |
| BXP | Sell | BOSTON PROPERTIES INC | $321,000 | -91.1% | 4,000 | -90.0% | 0.26% | -95.1% |
| ARE | Exit | ALEXANDRIA REAL ESTATE EQ IN | $0 | – | -3,000 | – | -0.70% | – |
| SLG | Exit | SL GREEN RLTY CORP | $0 | – | -12,000 | – | -0.85% | – |
| CLDT | Exit | CHATHAM LODGING TR | $0 | – | -100,000 | – | -0.88% | – |
| SRC | Exit | SPIRIT RLTY CAP INC NEW | $0 | – | -18,000 | – | -0.90% | – |
| OHI | Exit | OMEGA HEALTHCARE INVS INC | $0 | – | -42,500 | – | -1.82% | – |
| UE | Exit | URBAN EDGE PPTYS | $0 | – | -140,000 | – | -2.39% | – |
| DRH | Exit | DIAMONDROCK HOSPITALITY CO | $0 | – | -315,000 | – | -2.50% | – |
| REXR | Exit | REXFORD INDL RLTY INC | $0 | – | -47,500 | – | -2.83% | – |
| BXMT | Exit | BLACKSTONE MTG TR INC | $0 | – | -100,000 | – | -3.46% | – |
| PSA | Exit | PUBLIC STORAGE | $0 | – | -16,000 | – | -4.41% | – |
Q2 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ADC | New | AGREE REALTY CORP | $4,271,000 | – | 65,000 | – | 6.13% | – |
| STAG | New | STAG INDL INC | $4,251,000 | – | 145,000 | – | 6.10% | – |
| CUBE | New | CUBESMART | $4,183,000 | – | 155,000 | – | 6.01% | – |
| ACC | New | AMERICAN CAMPUS CMNTYS INC | $3,846,000 | – | 110,000 | – | 5.52% | – |
| EGP | New | EASTGROUP PPTY INC | $3,736,000 | – | 31,500 | – | 5.36% | – |
| BXP | New | BOSTON PPTYS LTD PARTNERSHIP | $3,615,000 | – | 40,000 | – | 5.19% | – |
| INVH | New | INVITATION HOMES INC | $3,551,000 | – | 129,000 | – | 5.10% | – |
| HTA | New | HEALTHCARE TR AMER INCcl a new | $3,182,000 | – | 120,000 | – | 4.57% | – |
| AVB | New | AVALONBAY CMNTYS INC | $3,093,000 | – | 20,000 | – | 4.44% | – |
| KIM | New | KIMCO RLTY CORP | $3,082,000 | – | 240,000 | – | 4.43% | – |
| PSA | New | PUBLIC STORAGE | $3,070,000 | – | 16,000 | – | 4.41% | – |
| VER | New | VEREIT INC | $2,894,000 | – | 450,000 | – | 4.16% | – |
| IRT | New | INDEPENDENCE RLTY TR INC | $2,700,000 | – | 235,000 | – | 3.88% | – |
| BRX | New | BRIXMOR PPTY GROUP INC | $2,564,000 | – | 200,000 | – | 3.68% | – |
| FR | New | FIRST INDL RLTY TR INC | $2,499,000 | – | 65,000 | – | 3.59% | – |
| ELS | New | EQUITY LIFESTYLE PPTYS INC | $2,499,000 | – | 40,000 | – | 3.59% | – |
| BXMT | New | BLACKSTONE MTG TR INC | $2,409,000 | – | 100,000 | – | 3.46% | – |
| REXR | New | REXFORD INDL RLTY INC | $1,968,000 | – | 47,500 | – | 2.83% | – |
| PEAK | New | HEALTHPEAK PROPERTIES INC | $1,819,000 | – | 66,000 | – | 2.61% | – |
| DRH | New | DIAMONDROCK HOSPITALITY CO | $1,742,000 | – | 315,000 | – | 2.50% | – |
| UE | New | URBAN EDGE PPTYS | $1,662,000 | – | 140,000 | – | 2.39% | – |
| RPT | New | RPT REALTYsh ben int | $1,322,000 | – | 190,000 | – | 1.90% | – |
| OHI | New | OMEGA HEALTHCARE INVS INC | $1,264,000 | – | 42,500 | – | 1.82% | – |
| COR | New | CORESITE RLTY CORP | $1,211,000 | – | 10,000 | – | 1.74% | – |
| INN | New | SUMMIT HOTEL PPTYS INC | $890,000 | – | 150,000 | – | 1.28% | – |
| SRC | New | SPIRIT RLTY CAP INC NEW | $627,000 | – | 18,000 | – | 0.90% | – |
| CLDT | New | CHATHAM LODGING TR | $612,000 | – | 100,000 | – | 0.88% | – |
| SLG | New | SL GREEN RLTY CORP | $591,000 | – | 12,000 | – | 0.85% | – |
| ARE | New | ALEXANDRIA REAL ESTATE EQ IN | $487,000 | – | 3,000 | – | 0.70% | – |
Q4 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| FOR | Exit | FORESTAR GROUP INC | $0 | – | -60,000 | – | -0.78% | – |
| LPT | Exit | LIBERTY PPTY TRsh ben int | $0 | – | -45,000 | – | -1.64% | – |
| RLJ | Exit | RLJ LODGING TR | $0 | – | -160,000 | – | -1.93% | – |
| O | Exit | REALTY INCOME CORP | $0 | – | -40,000 | – | -2.18% | – |
| STAG | Exit | STAG INDL INC | $0 | – | -105,000 | – | -2.20% | – |
| BRX | Exit | BRIXMOR PPTY GROUP INC | $0 | – | -160,000 | – | -2.31% | – |
| RHP | Exit | RYMAN HOSPITALITY PPTYS INC | $0 | – | -46,500 | – | -2.70% | – |
| AMH | Exit | AMERICAN HOMES 4 RENTcl a | $0 | – | -155,000 | – | -2.85% | – |
| MAR | Exit | MARRIOTT INTL INC NEWcl a | $0 | – | -33,000 | – | -2.92% | – |
| HIW | Exit | HIGHWOODS PPTYS INC | $0 | – | -95,000 | – | -3.03% | – |
| HCP | Exit | HCP INC | $0 | – | -135,000 | – | -3.42% | – |
| VNO | Exit | VORNADO RLTY TRsh ben int | $0 | – | -79,000 | – | -3.58% | – |
| SHO | Exit | SUNSTONE HOTEL INVS INC NEW | $0 | – | -380,000 | – | -3.71% | – |
| COR | Exit | CORESITE RLTY CORP | $0 | – | -43,000 | – | -3.72% | – |
| CUBE | Exit | CUBESMART | $0 | – | -155,000 | – | -3.84% | – |
| REXR | Exit | REXFORD INDL RLTY INC | $0 | – | -125,000 | – | -3.91% | – |
| DRE | Exit | DUKE REALTY CORP | $0 | – | -165,000 | – | -3.98% | – |
| RMR | Exit | RMR GROUP INCcl a | $0 | – | -131,302 | – | -4.24% | – |
| HTA | Exit | HEALTHCARE TR AMER INCcl a new | $0 | – | -249,000 | – | -5.20% | – |
| RPAI | Exit | RETAIL PPTYS AMER INCcl a | $0 | – | -600,000 | – | -5.25% | – |
| SITC | Exit | SITE CENTERS CORP | $0 | – | -500,000 | – | -5.37% | – |
| AVB | Exit | AVALONBAY CMNTYS INC | $0 | – | -36,500 | – | -5.59% | – |
| PGRE | Exit | PARAMOUNT GROUP INC | $0 | – | -650,000 | – | -6.17% | – |
| SRC | Exit | SPIRIT RLTY CAP INC NEW | $0 | – | -190,000 | – | -6.46% | – |
| AIV | Exit | APARTMENT INVT & MGMT COcl a | $0 | – | -174,989 | – | -6.48% | – |
| KRC | Exit | KILROY RLTY CORP | $0 | – | -117,500 | – | -6.50% | – |
Q3 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KRC | Buy | KILROY RLTY CORP | $9,152,000 | +37.8% | 117,500 | +30.6% | 6.50% | +20.6% |
| AIV | Buy | APARTMENT INVT & MGMT COcl a | $9,124,000 | +246.8% | 174,989 | +233.4% | 6.48% | +203.5% |
| SRC | Buy | SPIRIT RLTY CAP INC NEW | $9,093,000 | +19.8% | 190,000 | +6.7% | 6.46% | +4.8% |
| PGRE | Buy | PARAMOUNT GROUP INC | $8,678,000 | +19.1% | 650,000 | +25.0% | 6.17% | +4.2% |
| AVB | Sell | AVALONBAY CMNTYS INC | $7,860,000 | -0.8% | 36,500 | -6.4% | 5.59% | -13.2% |
| SITC | Buy | SITE CENTERS CORP | $7,555,000 | +111.3% | 500,000 | +85.2% | 5.37% | +84.9% |
| RPAI | Buy | RETAIL PPTYS AMER INCcl a | $7,392,000 | +65.4% | 600,000 | +57.9% | 5.25% | +44.7% |
| HTA | Sell | HEALTHCARE TR AMER INCcl a new | $7,316,000 | -3.0% | 249,000 | -9.5% | 5.20% | -15.1% |
| RMR | Buy | RMR GROUP INCcl a | $5,972,000 | +408.3% | 131,302 | +425.2% | 4.24% | +345.0% |
| DRE | Sell | DUKE REALTY CORP | $5,605,000 | -13.5% | 165,000 | -19.5% | 3.98% | -24.3% |
| REXR | Buy | REXFORD INDL RLTY INC | $5,503,000 | +147.9% | 125,000 | +127.3% | 3.91% | +117.0% |
| CUBE | Sell | CUBESMART | $5,410,000 | -24.8% | 155,000 | -27.9% | 3.84% | -34.2% |
| COR | New | CORESITE RLTY CORP | $5,240,000 | – | 43,000 | – | 3.72% | – |
| SHO | Buy | SUNSTONE HOTEL INVS INC NEW | $5,221,000 | +217.4% | 380,000 | +216.7% | 3.71% | +177.8% |
| VNO | New | VORNADO RLTY TRsh ben int | $5,030,000 | – | 79,000 | – | 3.58% | – |
| HCP | New | HCP INC | $4,810,000 | – | 135,000 | – | 3.42% | – |
| HIW | New | HIGHWOODS PPTYS INC | $4,269,000 | – | 95,000 | – | 3.03% | – |
| MAR | New | MARRIOTT INTL INC NEWcl a | $4,104,000 | – | 33,000 | – | 2.92% | – |
| AMH | Sell | AMERICAN HOMES 4 RENTcl a | $4,013,000 | -28.2% | 155,000 | -32.6% | 2.85% | -37.2% |
| RHP | Buy | RYMAN HOSPITALITY PPTYS INC | $3,804,000 | +25.1% | 46,500 | +24.0% | 2.70% | +9.5% |
| BRX | Sell | BRIXMOR PPTY GROUP INC | $3,246,000 | -25.9% | 160,000 | -34.7% | 2.31% | -35.2% |
| STAG | New | STAG INDL INC | $3,095,000 | – | 105,000 | – | 2.20% | – |
| O | Sell | REALTY INCOME CORP | $3,067,000 | -50.0% | 40,000 | -55.1% | 2.18% | -56.3% |
| RLJ | Sell | RLJ LODGING TR | $2,718,000 | -31.9% | 160,000 | -28.9% | 1.93% | -40.4% |
| LPT | Sell | LIBERTY PPTY TRsh ben int | $2,310,000 | -51.4% | 45,000 | -52.6% | 1.64% | -57.5% |
| FOR | New | FORESTAR GROUP INC | $1,097,000 | – | 60,000 | – | 0.78% | – |
| STAY | Exit | EXTENDED STAY AMER INCunit 99/99/9999b | $0 | – | -30,000 | – | -0.41% | – |
| BDN | Exit | BRANDYWINE RLTY TRsh ben int new | $0 | – | -100,000 | – | -1.16% | – |
| SMTA | Exit | SPIRIT MTA REIT | $0 | – | -395,033 | – | -2.68% | – |
| EQIX | Exit | EQUINIX INC | $0 | – | -7,700 | – | -3.15% | – |
| HST | Exit | HOST HOTELS & RESORTS INC | $0 | – | -288,000 | – | -4.26% | – |
| EQR | Exit | EQUITY RESIDENTIALsh ben int | $0 | – | -95,000 | – | -5.86% | – |
| UE | Exit | URBAN EDGE PPTYS | $0 | – | -420,000 | – | -5.91% | – |
Q2 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| AVB | New | AVALONBAY CMNTYS INC | $7,924,000 | – | 39,000 | – | 6.44% | – |
| SRC | New | SPIRIT RLTY CAP INC NEW | $7,593,000 | – | 178,000 | – | 6.17% | – |
| HTA | New | HEALTHCARE TR AMER INCcl a new | $7,543,000 | – | 275,000 | – | 6.13% | – |
| PGRE | New | PARAMOUNT GROUP INC | $7,285,000 | – | 520,000 | – | 5.92% | – |
| UE | New | URBAN EDGE PPTYS | $7,279,000 | – | 420,000 | – | 5.91% | – |
| EQR | New | EQUITY RESIDENTIALsh ben int | $7,212,000 | – | 95,000 | – | 5.86% | – |
| CUBE | New | CUBESMART | $7,190,000 | – | 215,000 | – | 5.84% | – |
| KRC | New | KILROY RLTY CORP | $6,643,000 | – | 90,000 | – | 5.40% | – |
| DRE | New | DUKE REALTY CORP | $6,480,000 | – | 205,000 | – | 5.26% | – |
| O | New | REALTY INCOME CORP | $6,138,000 | – | 89,000 | – | 4.98% | – |
| AMH | New | AMERICAN HOMES 4 RENTcl a | $5,591,000 | – | 230,000 | – | 4.54% | – |
| HST | New | HOST HOTELS & RESORTS INC | $5,247,000 | – | 288,000 | – | 4.26% | – |
| LPT | New | LIBERTY PPTY TRsh ben int | $4,754,000 | – | 95,000 | – | 3.86% | – |
| RPAI | New | RETAIL PPTYS AMER INCcl a | $4,469,000 | – | 380,000 | – | 3.63% | – |
| BRX | New | BRIXMOR PPTY GROUP INC | $4,381,000 | – | 245,000 | – | 3.56% | – |
| RLJ | New | RLJ LODGING TR | $3,992,000 | – | 225,000 | – | 3.24% | – |
| EQIX | New | EQUINIX INC | $3,883,000 | – | 7,700 | – | 3.15% | – |
| SITC | New | SITE CENTERS CORP | $3,575,000 | – | 270,000 | – | 2.90% | – |
| SMTA | New | SPIRIT MTA REIT | $3,295,000 | – | 395,033 | – | 2.68% | – |
| RHP | New | RYMAN HOSPITALITY PPTYS INC | $3,041,000 | – | 37,500 | – | 2.47% | – |
| AIV | New | APARTMENT INVT & MGMT COcl a | $2,631,000 | – | 52,489 | – | 2.14% | – |
| REXR | New | REXFORD INDL RLTY INC | $2,220,000 | – | 55,000 | – | 1.80% | – |
| SHO | New | SUNSTONE HOTEL INVS INC NEW | $1,645,000 | – | 120,000 | – | 1.34% | – |
| BDN | New | BRANDYWINE RLTY TRsh ben int new | $1,432,000 | – | 100,000 | – | 1.16% | – |
| RMR | New | RMR GROUP INCcl a | $1,175,000 | – | 25,000 | – | 0.95% | – |
| STAY | New | EXTENDED STAY AMER INCunit 99/99/9999b | $507,000 | – | 30,000 | – | 0.41% | – |