Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q4 2024 ▲▼ | Q1 2025 ▲▼ | Change ▲▼ | Q4 2024 ▲▼ | Q1 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| DOUGLAS EMMETT INC(DEI) | 190,888 | 1,576,062 | +1,385,174 | 3,543 | 25,217 | 7.89% | +21,674 |
| COSTAR GROUP INC(CSGP) | 37,719 | 282,966 | +245,247 | 2,700 | 22,419 | 7.02% | +19,719 |
| HILTON WORLDWIDE HLDGS INC(HLT) | 0 | 78,585 | +78,585 | 0 | 17,882 | 5.60% | +17,882 |
| COHEN & STEERS INC(CNS) | 0 | 197,657 | +197,657 | 0 | 15,862 | 4.97% | +15,862 |
| CBRE GROUP INC(CBRE) | 0 | 117,550 | +117,550 | 0 | 15,373 | 4.81% | +15,373 |
| ESSEX PPTY TR INC(ESS) | 88,427 | 129,848 | +41,421 | 25,241 | 39,808 | 12.46% | +14,567 |
| MURPHY USA INC(MUSA) | 0 | 25,490 | +25,490 | 0 | 11,975 | 3.75% | +11,975 |
| NEXPOINT RESIDENTIAL TR INC(NXRT) | 0 | 292,415 | +292,415 | 0 | 11,559 | 3.62% | +11,559 |
| VENTAS INC(VTR) | 185,032 | 323,596 | +138,564 | 10,897 | 22,250 | 6.96% | +11,354 |
| AVALONBAY CMNTYS INC | 0 | 51,525 | +51,525 | 0 | 11,058 | 3.46% | +11,058 |
| SPDR S&P 500 ETF TR(SPY)(Put) | 0 | 19,000 | +19,000 | 0 | 10,628 | — | +10,628 |
| VANGUARD INDEX FDS(Put) | 0 | 93,600 | +93,600 | 0 | 8,475 | — | +8,475 |
| ISHARES TR(Put) | 0 | 94,000 | +94,000 | 0 | 7,416 | — | +7,416 |
| FIRST INDL RLTY TR INC(FR) | 328,711 | 420,215 | +91,504 | 16,478 | 22,675 | 7.10% | +6,197 |
| BLACKSTONE INC(BX) | 0 | 43,803 | +43,803 | 0 | 6,123 | 1.92% | +6,123 |
| BROOKDALE SR LIVING INC(BKD) | 1,465,938 | 2,082,092 | +616,154 | 7,374 | 13,034 | 4.08% | +5,660 |
| APARTMENT INVT & MGMT CO | 1,369,299 | 2,048,316 | +679,017 | 12,447 | 18,025 | 5.64% | +5,578 |
| ISHARES TR(Put) | 0 | 56,000 | +56,000 | 0 | 5,098 | — | +5,098 |
| CBRE GROUP INC(CBRE)(Call) | 0 | 37,500 | +37,500 | 0 | 4,904 | — | +4,904 |
| HILTON WORLDWIDE HLDGS INC(HLT)(Call) | 0 | 21,100 | +21,100 | 0 | 4,801 | — | +4,801 |
| HUDSON PAC PPTYS INC | 0 | 1,558,637 | +1,558,637 | 0 | 4,598 | 1.44% | +4,598 |
| CHURCHILL DOWNS INC(CHDN) | 99,723 | 159,926 | +60,203 | 13,317 | 17,763 | 5.56% | +4,446 |
| HYATT HOTELS CORP(H)(Call) | 0 | 34,300 | +34,300 | 0 | 4,202 | — | +4,202 |
| BROOKFIELD ASSET MANAGMT LTD(BAM) | 0 | 76,460 | +76,460 | 0 | 3,704 | 1.16% | +3,704 |
| COSTAR GROUP INC(CSGP)(Call) | 0 | 42,200 | +42,200 | 0 | 3,344 | — | +3,344 |
| PROLOGIS INC.(PLD)(Call) | 0 | 28,600 | +28,600 | 0 | 3,197 | — | +3,197 |
| BROOKFIELD ASSET MANAGMT LTD(BAM)(Call) | 0 | 37,500 | +37,500 | 0 | 1,817 | — | +1,817 |
| CHATHAM LODGING TR | 90,000 | 353,237 | +263,237 | 806 | 2,519 | 0.79% | +1,713 |
| EXPEDIA GROUP INC(EXPE)(Call) | 0 | 10,000 | +10,000 | 0 | 1,681 | — | +1,681 |
| BLACKSTONE INC(BX)(Call) | 0 | 12,000 | +12,000 | 0 | 1,677 | — | +1,677 |
| DOUGLAS EMMETT INC(DEI)(Call) | 0 | 103,300 | +103,300 | 0 | 1,653 | — | +1,653 |
| BOYD GAMING CORP(BYD)(Call) | 0 | 24,000 | +24,000 | 0 | 1,580 | — | +1,580 |
| GOLDEN ENTMT INC | 0 | 15,564 | +15,564 | 0 | 411 | 0.13% | +411 |
| PROLOGIS INC.(PLD) | 103,271 | 90,408 | -12,863 | 10,916 | 10,107 | 3.16% | -809 |
| CAMDEN PPTY TR(CPT) | 217,484 | 168,488 | -48,996 | 25,237 | 20,606 | 6.45% | -4,631 |
| HYATT HOTELS CORP(H) | 74,992 | 53,074 | -21,918 | 11,772 | 6,502 | 2.04% | -5,271 |
| VICI PPTYS INC(VICI) | 284,695 | 0 | -284,695 | 8,316 | 0 | — | -8,316 |
| COUSINS PPTYS INC(CUZ) | 391,549 | 0 | -391,549 | 11,997 | 0 | — | -11,997 |
| PEBBLEBROOK HOTEL TR(PEB) | 964,976 | 0 | -964,976 | 13,075 | 0 | — | -13,075 |
| PARK HOTELS & RESORTS INC(PK) | 1,516,832 | 0 | -1,516,832 | 21,342 | 0 | — | -21,342 |
| KILROY RLTY CORP(KRC) | 615,867 | 0 | -615,867 | 24,912 | 0 | — | -24,912 |
| AMERICAN HOMES 4 RENT(AMH) | 721,308 | 0 | -721,308 | 26,991 | 0 | — | -26,991 |