13F holdings as of 2025-12-31 · vs 2025-09-30 · long US-listed positions only
| # | Holding | Shares | Value | % of 13F | QoQ Δ | |
|---|---|---|---|---|---|---|
| 1 | ASPEN INSURANCE HOLDINGS LTD | 75.4M | $2.80B | 27.7% | +$29.4M | |
| 2 | SATS 3.875 11/30/30ECHOSTAR CORP | ADD | 473.2M | $1.58B | 15.7% | +$524.8M |
| 3 | ADTADT INC DEL | 102.0M | $823.1M | 8.2% | -$65.3M | |
| 4 | HGVHILTON GRAND VACATIONS INC | 18.2M | $816.5M | 8.1% | +$53.6M | |
| 5 | PXEDPHOENIX ED PARTNERS INC | NEW | 24.9M | $754.5M | 7.5% | new |
| 6 | AEROGRUPO AEROMEXICO SAB DE CV | NEW | 27.5M | $604.0M | 6.0% | new |
| 7 | IVVISHARES TR | NEW | 552K | $377.9M | 3.7% | new |
| 8 | SATSECHOSTAR CORP | TRIM | 2.5M | $267.8M | 2.7% | -$34.1M |
| 9 | KMXCARMAX INC | NEW | 5.0M | $195.0M | 1.9% | new |
| 10 | GBTGGLOBAL BUSINESS TRAVEL GROUP | TRIM | 22.9M | $175.1M | 1.7% | +$21.9M |
| 11 | RXTRACKSPACE TECHNOLOGY INC | 129.6M | $125.8M | 1.2% | -$56.9M | |
| 12 | WELLWELLTOWER INC | NEW | 515K | $95.5M | 0.9% | new |
| 13 | NVDANVIDIA CORPORATION | NEW | 500K | $93.3M | 0.9% | new |
| 14 | PLDPROLOGIS INC. | NEW | 608K | $77.6M | 0.8% | new |
| 15 | EQIXEQUINIX INC | NEW | 88K | $67.5M | 0.7% | new |
| 16 | UNITUNITI GROUP LLC | TRIM | 9.6M | $67.3M | 0.7% | +$848K |
| 17 | CMCSACOMCAST CORP NEW | NEW | 2.2M | $66.8M | 0.7% | new |
| 18 | TDAYUSA TODAY CO INC | ADD | 12.1M | $62.5M | 0.6% | +$13.3M |
| 19 | FIGRFIGURE TECHNOLOGY SOLUTIO | 1.5M | $49.8M | 0.5% | +$11.8M | |
| 20 | DLRDIGITAL RLTY TR INC | NEW | 311K | $48.0M | 0.5% | new |
| 21 | VTRVENTAS INC | NEW | 573K | $44.4M | 0.4% | new |
| 22 | EXREXTRA SPACE STORAGE INC | NEW | 294K | $38.2M | 0.4% | new |
| 23 | KMTKENNAMETAL INC | ADD | 1.3M | $38.1M | 0.4% | +$10.6M |
| 24 | CYHCOMMUNITY HEALTH SYS INC NEW | TRIM | 11.8M | $36.9M | 0.4% | -$5.3M |
| 25 | PSAPUBLIC STORAGE OPER CO | NEW | 140K | $36.4M | 0.4% | new |
| 26 | UDRUDR INC | NEW | 885K | $32.5M | 0.3% | new |
| 27 | SPGSIMON PPTY GROUP INC NEW | NEW | 169K | $31.3M | 0.3% | new |
| 28 | OREALTY INCOME CORP | NEW | 509K | $28.7M | 0.3% | new |
| 29 | CPTCAMDEN PPTY TR | NEW | 254K | $27.9M | 0.3% | new |
| 30 | IACIAC INC | NEW | 700K | $27.4M | 0.3% | new |
| 31 | MFICMIDCAP FINANCIAL INVSTMNT CO | ADD | 2.4M | $27.3M | 0.3% | -$1.3M |
| 32 | BRXBRIXMOR PPTY GROUP INC | NEW | 1.0M | $26.9M | 0.3% | new |
| 33 | JAAAJANUS DETROIT STR TR | NEW | 500K | $25.3M | 0.3% | new |
| 34 | KIMKIMCO REALTY CORP | NEW | 1.2M | $25.1M | 0.2% | new |
| 35 | IRMIRON MTN INC DEL | NEW | 266K | $22.0M | 0.2% | new |
| 36 | ADCAGREE RLTY CORP | NEW | 299K | $21.5M | 0.2% | new |
| 37 | SABRSABRE CORP | 14.4M | $19.6M | 0.2% | -$6.8M | |
| 38 | PRIVSSGA ACTIVE TR | TRIM | 760K | $19.3M | 0.2% | -$8.2M |
| 39 | AEVAAEVA TECHNOLOGIES INC | ADD | 1.4M | $18.5M | 0.2% | +$15.6M |
| 40 | KRGKITE REALTY GROUP TRUST | NEW | 768K | $18.4M | 0.2% | new |
| 41 | AMHAMERICAN HOMES 4 RENT | NEW | 547K | $17.6M | 0.2% | new |
| 42 | INVHINVITATION HOMES INC | NEW | 590K | $16.4M | 0.2% | new |
| 43 | OHIOMEGA HEALTHCARE INVS INC | NEW | 361K | $16.0M | 0.2% | new |
| 44 | VICIVICI PPTYS INC | NEW | 568K | $16.0M | 0.2% | new |
| 45 | EQREQUITY RESIDENTIAL | NEW | 241K | $15.2M | 0.2% | new |
| 46 | WOLFWOLFSPEED INC | ADD | 863K | $15.0M | 0.1% | +$3.0M |
| 47 | VGVENTURE GLOBAL INC | NEW | 2.2M | $14.7M | 0.1% | new |
| 48 | CUZCOUSINS PPTYS INC | NEW | 554K | $14.3M | 0.1% | new |
| 49 | HSTHOST HOTELS & RESORTS INC | NEW | 802K | $14.2M | 0.1% | new |
| 50 | ELSEQUITY LIFESTYLE PROPERTIES | NEW | 233K | $14.1M | 0.1% | new |
| 51 | ESSESSEX PPTY TR INC | NEW | 53K | $13.8M | 0.1% | new |
| 52 | AHRAMERICAN HEALTHCARE REIT INC | NEW | 281K | $13.2M | 0.1% | new |
| 53 | FRFIRST INDL RLTY TR INC | NEW | 202K | $11.6M | 0.1% | new |
| 54 | HRHEALTHCARE RLTY TR | NEW | 622K | $10.5M | 0.1% | new |
| 55 | BXPBXP INC | NEW | 153K | $10.3M | 0.1% | new |
| 56 | MACMACERICH CO | NEW | 557K | $10.3M | 0.1% | new |
| 57 | OPTUOPTIMUM COMMUNICATIONS INC | TRIM | 6.1M | $10.1M | 0.1% | -$16.3M |
| 58 | REXRREXFORD INDL RLTY INC | NEW | 233K | $9.0M | 0.1% | new |
| 59 | VNOVORNADO RLTY TR | NEW | 267K | $8.9M | 0.1% | new |
| 60 | DOCHEALTHPEAK PROPERTIES INC | NEW | 538K | $8.7M | 0.1% | new |
| 61 | FUBO 3.25 02/15/26FUBOTV INC | 8.3M | $8.3M | 0.1% | +$104K | |
| 62 | NTSTNETSTREIT CORP | NEW | 449K | $7.9M | 0.1% | new |
| 63 | FRTFEDERAL RLTY INVT TR NEW | NEW | 74K | $7.5M | 0.1% | new |
| 64 | AREALEXANDRIA REAL ESTATE EQ IN | NEW | 145K | $7.1M | 0.1% | new |
| 65 | BNLBROADSTONE NET LEASE INC | NEW | 389K | $6.8M | 0.1% | new |
| 66 | ARIAPOLLO COML REAL ESTATE FIN | 666K | $6.4M | 0.1% | -$300K | |
| 67 | DRHDIAMONDROCK HOSPITALITY CO | NEW | 675K | $6.0M | 0.1% | new |
| 68 | EGPEASTGROUP PPTYS INC | NEW | 33K | $5.9M | 0.1% | new |
| 69 | SBRASABRA HEALTH CARE REIT INC | NEW | 292K | $5.5M | 0.1% | new |
| 70 | IVTINVENTRUST PPTYS CORP | NEW | 161K | $4.5M | 0.0% | new |
| 71 | SGHTSIGHT SCIENCES INC | TRIM | 511K | $4.1M | 0.0% | +$1.7M |
| 72 | PDMPIEDMONT REALTY TRUST INC | NEW | 484K | $4.0M | 0.0% | new |
| 73 | LAMRLAMAR ADVERTISING CO | NEW | 31K | $3.9M | 0.0% | new |
| 74 | MNKDMANNKIND CORP | 664K | $3.8M | 0.0% | +$199K | |
| 75 | BPREBLUEROCK PVT REAL ESTATE FD | NEW | 249K | $3.7M | 0.0% | new |
| 76 | ESRTEMPIRE ST RLTY TR INC | NEW | 524K | $3.4M | 0.0% | new |
| 77 | RHPRYMAN HOSPITALITY PPTYS INC | NEW | 34K | $3.2M | 0.0% | new |
| 78 | SLGSL GREEN RLTY CORP | NEW | 66K | $3.0M | 0.0% | new |
| 79 | COLDAMERICOLD REALTY TRUST INC | NEW | 228K | $2.9M | 0.0% | new |
| 80 | DEIDOUGLAS EMMETT INC | NEW | 236K | $2.6M | 0.0% | new |
| 81 | PEB 6.375 PERP EPEBBLEBROOK HOTEL TR | NEW | 127K | $2.4M | 0.0% | new |
| 82 | DHCDIVERSIFIED HEALTHCARE TR | NEW | 452K | $2.2M | 0.0% | new |
| 83 | LINELINEAGE INC | NEW | 56K | $2.0M | 0.0% | new |
| 84 | SHOSUNSTONE HOTEL INVS INC NEW | NEW | 220K | $2.0M | 0.0% | new |
| 85 | RLJRLJ LODGING TR | NEW | 257K | $1.9M | 0.0% | new |
| 86 | PEB 6.3 PERP FPEBBLEBROOK HOTEL TR | NEW | 41K | $773K | 0.0% | new |
| 87 | CCLDCARECLOUD INC | 210K | $613K | 0.0% | -$61K | |
| 88 | CIONCION INVT CORP | 63K | $612K | 0.0% | +$12K | |
| 89 | XHRXENIA HOTELS & RESORTS INC | NEW | 48K | $605K | 0.0% | new |
| 90 | MXCTMAXCYTE INC | 308K | $477K | 0.0% | -$9K | |
| 91 | SPSCSPS COMM INC | 3K | $298K | 0.0% | -$50K | |
| 92 | TKNOALPHA TEKNOVA INC | 65K | $247K | 0.0% | -$155K | |
| 93 | AACQGBPORIGIN MATERIALS INC | 1.1M | $228K | 0.0% | -$330K | |
| 94 | RAINRAIN ENHANCEMENT TECHNOLOGIE | 24K | $140K | 0.0% | +$7K | |
| 95 | NAMIB MINERALS | 1.4M | $98K | 0.0% | -$93K | |
| 96 | RAINWRAIN ENHANCEMENT TECHNOLOGIE | 217K | $54K | 0.0% | +$18K | |
| 97 | SATLWSATELLOGIC INC | 148K | $38K | 0.0% | -$14K | |
| 98 | FBYDWFALCONS BEYOND GLOBAL INC | 12K | $25K | 0.0% | +$4K | |
| 99 | ATERATERIAN INC | 2K | $2K | 0.0% | -$807 | |
| 100 | CLDICALIDI BIOTHERAPEUTICS INC | 1K | $1K | 0.0% | -$364 |
Showing the top 100 of 101 positions by value.
Source: SEC Form 13F. Values are as-of 2025-12-31 (quarter-end), not live. Percentages are of reported 13F value, not the fund’s full AUM (13F excludes shorts, cash, bonds, most non-US holdings).