Location
Baltimore, MD
Holdings as of
9/30/2025
Date filed
11/12/2025
Form type
13F-HR
Num holdings
44
Total value ($000)
$2,546,600
Net value change ($000)
+101,998 (4.2%)
New positions
2
Sold out positions
2
Turnover %
4.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/12/2025 Next filing: 2/10/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VTR 100,746 1268.8%
ELS 50,810 NEW
KRG 39,782 173.0%
AMH 36,874 62.3%
ADC 30,093 200.0%
PSA 29,569 25.6%
EQIX 17,483 7.4%
ARE 13,603 15.9%
SPG 12,395 15.0%
ESRT 11,622 NEW
Top Reduces (Value $000, Stocks/ETFs)
SUI -87,562 -92.7%
NHI -38,738 -100.0%
NTST -35,942 -55.3%
O -30,053 -25.4%
EXR -24,834 -84.3%
COLD -18,189 -17.6%
OHI -13,373 -15.8%
AMT -12,368 -11.7%
CDP -6,611 -34.0%
WELL -6,109 -2.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type