Pensionfund Sabic — Q4 2024 13F Holdings

Holdings as of December 31, 2024

Portfolio value

$380.99M

Holdings count

215

215 positions reported

Accession #

0001637246-25-000001

Form 13F-HR

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All Reported Positions

215 positions sorted by value

215 positions

Issuer	CUSIP	Valuev	Weight	Shares/Prin.	Discretion	Voting (Sole/Shared/None)
APPLE INCCOMMON STOCK	037833100	$10.09M	2.65%	40,280shares	SOLE	0 / 0 / 40,280
MICROSOFT CORPCOMMON STOCK	594918104	$9.10M	2.39%	21,590shares	SOLE	0 / 0 / 21,590
META PLATFORMS INC-CLASS ACOMMON STOCK	30303M102	$9.07M	2.38%	15,500shares	SOLE	0 / 0 / 15,500
Prologis IncCOMMON STOCK	74340W103	$6.86M	1.80%	64,858shares	SOLE	0 / 0 / 64,858
JPMORGAN CHASE and COCOMMON STOCK	46625H100	$6.35M	1.67%	26,500shares	SOLE	0 / 0 / 26,500
ALPHABET INC-CL ACOMMON STOCK	02079K305	$5.49M	1.44%	29,000shares	SOLE	0 / 0 / 29,000
VISA INC-CLASS A SHARESCOMMON STOCK	92826C839	$5.25M	1.38%	16,600shares	SOLE	0 / 0 / 16,600
Equinix IncCOMMON STOCK	29444U700	$5.08M	1.33%	5,390shares	SOLE	0 / 0 / 5,390
ALPHABET INC-CL CCOMMON STOCK	02079K107	$4.78M	1.25%	25,100shares	SOLE	0 / 0 / 25,100
MASTERCARD INC - ACOMMON STOCK	57636Q104	$4.74M	1.24%	9,000shares	SOLE	0 / 0 / 9,000
UNITEDHEALTH GROUP INCCOMMON STOCK	91324P102	$4.73M	1.24%	9,350shares	SOLE	0 / 0 / 9,350
WALMART INCCOMMON STOCK	931142103	$4.52M	1.19%	50,000shares	SOLE	0 / 0 / 50,000
NVIDIA CORPCOMMON STOCK	67066G104	$4.50M	1.18%	33,500shares	SOLE	0 / 0 / 33,500
PROCTER and GAMBLE CO/THECOMMON STOCK	742718109	$4.43M	1.16%	26,400shares	SOLE	0 / 0 / 26,400
COSTCO WHOLESALE CORPCOMMON STOCK	22160K105	$4.40M	1.15%	4,800shares	SOLE	0 / 0 / 4,800
HOME DEPOT INCCOMMON STOCK	437076102	$4.36M	1.14%	11,200shares	SOLE	0 / 0 / 11,200
Digital Realty Trust IncCOMMON STOCK	253868103	$4.30M	1.13%	24,247shares	SOLE	0 / 0 / 24,247
Simon Property Group IncCOMMON STOCK	828806109	$4.15M	1.09%	24,106shares	SOLE	0 / 0 / 24,106
Realty Income CorpCOMMON STOCK	756109104	$3.99M	1.05%	74,738shares	SOLE	0 / 0 / 74,738
JOHNSON and JOHNSONCOMMON STOCK	478160104	$3.95M	1.04%	27,300shares	SOLE	0 / 0 / 27,300
BROADCOM INCCOMMON STOCK	11135F101	$3.83M	1.00%	16,500shares	SOLE	0 / 0 / 16,500
Welltower IncCOMMON STOCK	95040Q104	$3.60M	0.94%	28,559shares	SOLE	0 / 0 / 28,559
Public StorageCOMMON STOCK	74460D109	$3.60M	0.94%	12,013shares	SOLE	0 / 0 / 12,013
ABBVIE INCCOMMON STOCK	00287Y109	$3.43M	0.90%	19,300shares	SOLE	0 / 0 / 19,300
CISCO SYSTEMS INCCOMMON STOCK	17275R102	$3.29M	0.86%	55,500shares	SOLE	0 / 0 / 55,500
MERCK and CO. INC.COMMON STOCK	58933Y105	$3.23M	0.85%	32,500shares	SOLE	0 / 0 / 32,500
INTL BUSINESS MACHINES CORPCOMMON STOCK	459200101	$3.08M	0.81%	14,000shares	SOLE	0 / 0 / 14,000
VICI Properties IncCOMMON STOCK	925652109	$2.99M	0.79%	102,500shares	SOLE	0 / 0 / 102,500
PEPSICO INCCOMMON STOCK	713448108	$2.89M	0.76%	19,000shares	SOLE	0 / 0 / 19,000
ABBOTT LABORATORIESCOMMON STOCK	002824100	$2.83M	0.74%	25,000shares	SOLE	0 / 0 / 25,000
BOOKING HOLDINGS INCCOMMON STOCK	09857L108	$2.73M	0.72%	550shares	SOLE	0 / 0 / 550
ADOBE INCCOMMON STOCK	00724F101	$2.67M	0.70%	6,000shares	SOLE	0 / 0 / 6,000
VERIZON COMMUNICATIONS INCCOMMON STOCK	92343V104	$2.62M	0.69%	65,500shares	SOLE	0 / 0 / 65,500
QUALCOMM INCCOMMON STOCK	747525103	$2.61M	0.69%	17,000shares	SOLE	0 / 0 / 17,000
ATandT INCCOMMON STOCK	00206R102	$2.58M	0.68%	113,500shares	SOLE	0 / 0 / 113,500
AvalonBay Communities IncCOMMON STOCK	053484101	$2.51M	0.66%	11,402shares	SOLE	0 / 0 / 11,402
BLACKROCK INCCOMMON STOCK	09290D101	$2.46M	0.65%	2,400shares	SOLE	0 / 0 / 2,400
UNION PACIFIC CORPCOMMON STOCK	907818108	$2.39M	0.63%	10,500shares	SOLE	0 / 0 / 10,500
LOWE'S COS INCCOMMON STOCK	548661107	$2.37M	0.62%	9,600shares	SOLE	0 / 0 / 9,600
Iron Mountain IncCOMMON STOCK	46284V101	$2.34M	0.62%	22,300shares	SOLE	0 / 0 / 22,300
AUTOMATIC DATA PROCESSINGCOMMON STOCK	053015103	$2.31M	0.61%	7,900shares	SOLE	0 / 0 / 7,900
GILEAD SCIENCES INCCOMMON STOCK	375558103	$2.31M	0.61%	25,000shares	SOLE	0 / 0 / 25,000
BRISTOL-MYERS SQUIBB COCOMMON STOCK	110122108	$2.29M	0.60%	40,500shares	SOLE	0 / 0 / 40,500
Healthpeak Properties IncCOMMON STOCK	42250P103	$2.27M	0.59%	111,755shares	SOLE	0 / 0 / 111,755
PFIZER INCCOMMON STOCK	717081103	$2.25M	0.59%	85,000shares	SOLE	0 / 0 / 85,000
APPLIED MATERIALS INCCOMMON STOCK	038222105	$2.15M	0.56%	13,200shares	SOLE	0 / 0 / 13,200
Ventas IncCOMMON STOCK	92276F100	$2.13M	0.56%	36,205shares	SOLE	0 / 0 / 36,205
MARSH and MCLENNAN COSCOMMON STOCK	571748102	$2.12M	0.56%	10,000shares	SOLE	0 / 0 / 10,000
AMGEN INCCOMMON STOCK	031162100	$2.11M	0.55%	8,100shares	SOLE	0 / 0 / 8,100
MCKESSON CORPCOMMON STOCK	58155Q103	$2.08M	0.55%	3,650shares	SOLE	0 / 0 / 3,650
KINDER MORGAN INCCOMMON STOCK	49456B101	$2.06M	0.54%	75,000shares	SOLE	0 / 0 / 75,000
LAM RESEARCH CORPCOMMON STOCK	512807306	$2.02M	0.53%	28,000shares	SOLE	0 / 0 / 28,000
Equity ResidentialCOMMON STOCK	29476L107	$2.00M	0.52%	27,853shares	SOLE	0 / 0 / 27,853
MOTOROLA SOLUTIONS INCCOMMON STOCK	620076307	$1.99M	0.52%	4,300shares	SOLE	0 / 0 / 4,300
AMERIPRISE FINANCIAL INCCOMMON STOCK	03076C106	$1.97M	0.52%	3,700shares	SOLE	0 / 0 / 3,700
O'REILLY AUTOMOTIVE INCCOMMON STOCK	67103H107	$1.90M	0.50%	1,600shares	SOLE	0 / 0 / 1,600
KLA CORPCOMMON STOCK	482480100	$1.89M	0.50%	3,000shares	SOLE	0 / 0 / 3,000
AUTOZONE INCCOMMON STOCK	053332102	$1.89M	0.50%	590shares	SOLE	0 / 0 / 590
SEMPRA ENERGYCOMMON STOCK	816851109	$1.88M	0.49%	21,400shares	SOLE	0 / 0 / 21,400
ILLINOIS TOOL WORKSCOMMON STOCK	452308109	$1.88M	0.49%	7,400shares	SOLE	0 / 0 / 7,400
SHERWIN-WILLIAMS CO/THECOMMON STOCK	824348106	$1.87M	0.49%	5,500shares	SOLE	0 / 0 / 5,500
AON PLC-CLASS ACOMMON STOCK	000000000	$1.83M	0.48%	5,100shares	SOLE	0 / 0 / 5,100
ZOETIS INCCOMMON STOCK	98978V103	$1.82M	0.48%	11,200shares	SOLE	0 / 0 / 11,200
COLGATE-PALMOLIVE COCOMMON STOCK	194162103	$1.79M	0.47%	19,700shares	SOLE	0 / 0 / 19,700
ELEVANCE HEALTH INCCOMMON STOCK	036752103	$1.79M	0.47%	4,850shares	SOLE	0 / 0 / 4,850
COGNIZANT TECH SOLUTIONS-ACOMMON STOCK	192446102	$1.73M	0.45%	22,500shares	SOLE	0 / 0 / 22,500
PAYCHEX INCCOMMON STOCK	704326107	$1.69M	0.44%	12,050shares	SOLE	0 / 0 / 12,050
METLIFE INCCOMMON STOCK	59156R108	$1.68M	0.44%	20,500shares	SOLE	0 / 0 / 20,500
CARDINAL HEALTH INCCOMMON STOCK	14149Y108	$1.68M	0.44%	14,200shares	SOLE	0 / 0 / 14,200
GODADDY INC - CLASS ACOMMON STOCK	380237107	$1.68M	0.44%	8,500shares	SOLE	0 / 0 / 8,500
KIMBERLY-CLARK CORPCOMMON STOCK	494368103	$1.68M	0.44%	12,800shares	SOLE	0 / 0 / 12,800
TRAVELERS COS INC/THECOMMON STOCK	89417E109	$1.66M	0.44%	6,900shares	SOLE	0 / 0 / 6,900
AFLAC INCCOMMON STOCK	001055102	$1.66M	0.43%	16,000shares	SOLE	0 / 0 / 16,000
CADENCE DESIGN SYS INCCOMMON STOCK	127387108	$1.65M	0.43%	5,500shares	SOLE	0 / 0 / 5,500
Mid-America Apartment Communities IncCOMMON STOCK	59522J103	$1.65M	0.43%	10,650shares	SOLE	0 / 0 / 10,650
CINTAS CORPCOMMON STOCK	172908105	$1.64M	0.43%	9,000shares	SOLE	0 / 0 / 9,000
MARKEL GROUP INCCOMMON STOCK	570535104	$1.64M	0.43%	950shares	SOLE	0 / 0 / 950
ELECTRONIC ARTS INCCOMMON STOCK	285512109	$1.64M	0.43%	11,200shares	SOLE	0 / 0 / 11,200
CUMMINS INCCOMMON STOCK	231021106	$1.64M	0.43%	4,700shares	SOLE	0 / 0 / 4,700
WW GRAINGER INCCOMMON STOCK	384802104	$1.63M	0.43%	1,550shares	SOLE	0 / 0 / 1,550
YUM! BRANDS INCCOMMON STOCK	988498101	$1.62M	0.43%	12,100shares	SOLE	0 / 0 / 12,100
PUBLIC SERVICE ENTERPRISE GPCOMMON STOCK	744573106	$1.62M	0.43%	19,200shares	SOLE	0 / 0 / 19,200
CENCORA INCCOMMON STOCK	03073E105	$1.62M	0.42%	7,200shares	SOLE	0 / 0 / 7,200
Realty Income CorpCOMMON STOCK	756109104	$1.60M	0.42%	30,000shares	SOLE	0 / 0 / 30,000
FAIR ISAAC CORPCOMMON STOCK	303250104	$1.59M	0.42%	800shares	SOLE	0 / 0 / 800
NETAPP INCCOMMON STOCK	64110D104	$1.59M	0.42%	13,700shares	SOLE	0 / 0 / 13,700
DOMINION ENERGY INCCOMMON STOCK	25746U109	$1.59M	0.42%	29,500shares	SOLE	0 / 0 / 29,500
HARTFORD FINANCIAL SVCS GRPCOMMON STOCK	416515104	$1.59M	0.42%	14,500shares	SOLE	0 / 0 / 14,500
Essex Property Trust IncCOMMON STOCK	297178105	$1.58M	0.42%	5,550shares	SOLE	0 / 0 / 5,550
WILLIAMS-SONOMA INCCOMMON STOCK	969904101	$1.57M	0.41%	8,500shares	SOLE	0 / 0 / 8,500
KEURIG DR PEPPER INCCOMMON STOCK	49271V100	$1.57M	0.41%	49,000shares	SOLE	0 / 0 / 49,000
SEI INVESTMENTS COMPANYCOMMON STOCK	784117103	$1.57M	0.41%	19,000shares	SOLE	0 / 0 / 19,000
EXELON CORPCOMMON STOCK	30161N101	$1.56M	0.41%	41,500shares	SOLE	0 / 0 / 41,500
EBAY INCCOMMON STOCK	278642103	$1.56M	0.41%	25,200shares	SOLE	0 / 0 / 25,200
CORPAY INCCOMMON STOCK	219948106	$1.56M	0.41%	4,600shares	SOLE	0 / 0 / 4,600
FASTENAL COCOMMON STOCK	311900104	$1.55M	0.41%	21,500shares	SOLE	0 / 0 / 21,500
EDISON INTERNATIONALCOMMON STOCK	281020107	$1.53M	0.40%	19,200shares	SOLE	0 / 0 / 19,200
ATMOS ENERGY CORPCOMMON STOCK	049560105	$1.53M	0.40%	11,000shares	SOLE	0 / 0 / 11,000
GENERAL MILLS INCCOMMON STOCK	370334104	$1.53M	0.40%	24,000shares	SOLE	0 / 0 / 24,000
KROGER COCOMMON STOCK	501044101	$1.53M	0.40%	25,000shares	SOLE	0 / 0 / 25,000
OTIS WORLDWIDE CORPCOMMON STOCK	68902V107	$1.53M	0.40%	16,500shares	SOLE	0 / 0 / 16,500
TRACTOR SUPPLY COMPANYCOMMON STOCK	892356106	$1.51M	0.40%	28,500shares	SOLE	0 / 0 / 28,500
DICK'S SPORTING GOODS INCCOMMON STOCK	253393102	$1.51M	0.40%	6,600shares	SOLE	0 / 0 / 6,600
AMERICAN FINANCIAL GROUP INCCOMMON STOCK	025932104	$1.51M	0.40%	11,000shares	SOLE	0 / 0 / 11,000
VICI Properties IncCOMMON STOCK	925652109	$1.50M	0.39%	51,500shares	SOLE	0 / 0 / 51,500
SNAP-ON INCCOMMON STOCK	833034101	$1.49M	0.39%	4,400shares	SOLE	0 / 0 / 4,400
ASSURANT INCCOMMON STOCK	04621X108	$1.49M	0.39%	7,000shares	SOLE	0 / 0 / 7,000
Invitation Homes IncCOMMON STOCK	46187W107	$1.48M	0.39%	46,265shares	SOLE	0 / 0 / 46,265
EVERGY INCCOMMON STOCK	30034W106	$1.48M	0.39%	24,000shares	SOLE	0 / 0 / 24,000
LENNOX INTERNATIONAL INCCOMMON STOCK	526107107	$1.46M	0.38%	2,400shares	SOLE	0 / 0 / 2,400
HP INCCOMMON STOCK	40434L105	$1.45M	0.38%	44,500shares	SOLE	0 / 0 / 44,500
Camden Property TrustCOMMON STOCK	133131102	$1.45M	0.38%	12,500shares	SOLE	0 / 0 / 12,500
KRAFT HEINZ CO/THECOMMON STOCK	500754106	$1.44M	0.38%	47,000shares	SOLE	0 / 0 / 47,000
GENUINE PARTS COCOMMON STOCK	372460105	$1.44M	0.38%	12,300shares	SOLE	0 / 0 / 12,300
WP Carey IncCOMMON STOCK	92936U109	$1.43M	0.38%	26,304shares	SOLE	0 / 0 / 26,304
VERISK ANALYTICS INCCOMMON STOCK	92345Y106	$1.43M	0.38%	5,200shares	SOLE	0 / 0 / 5,200
NVR INCCOMMON STOCK	62944T105	$1.43M	0.38%	175shares	SOLE	0 / 0 / 175
HERSHEY CO/THECOMMON STOCK	427866108	$1.42M	0.37%	8,400shares	SOLE	0 / 0 / 8,400
WP Carey IncCOMMON STOCK	92936U109	$1.42M	0.37%	26,000shares	SOLE	0 / 0 / 26,000
FIRSTENERGY CORPCOMMON STOCK	337932107	$1.41M	0.37%	35,500shares	SOLE	0 / 0 / 35,500
AGILENT TECHNOLOGIES INCCOMMON STOCK	00846U101	$1.41M	0.37%	10,500shares	SOLE	0 / 0 / 10,500
METTLER-TOLEDO INTERNATIONALCOMMON STOCK	592688105	$1.41M	0.37%	1,150shares	SOLE	0 / 0 / 1,150
WR BERKLEY CORPCOMMON STOCK	084423102	$1.39M	0.36%	23,750shares	SOLE	0 / 0 / 23,750
QUEST DIAGNOSTICS INCCOMMON STOCK	74834L100	$1.39M	0.36%	9,200shares	SOLE	0 / 0 / 9,200
BEST BUY CO INCCOMMON STOCK	086516101	$1.37M	0.36%	16,000shares	SOLE	0 / 0 / 16,000
DOVER CORPCOMMON STOCK	260003108	$1.37M	0.36%	7,300shares	SOLE	0 / 0 / 7,300
DR HORTON INCCOMMON STOCK	23331A109	$1.36M	0.36%	9,700shares	SOLE	0 / 0 / 9,700
Extra Space Storage IncCOMMON STOCK	30225T102	$1.35M	0.36%	9,055shares	SOLE	0 / 0 / 9,055
HOLOGIC INCCOMMON STOCK	436440101	$1.35M	0.36%	18,800shares	SOLE	0 / 0 / 18,800
RPM INTERNATIONAL INCCOMMON STOCK	749685103	$1.35M	0.36%	11,000shares	SOLE	0 / 0 / 11,000
JM SMUCKER CO/THECOMMON STOCK	832696405	$1.35M	0.36%	12,300shares	SOLE	0 / 0 / 12,300
EVERSOURCE ENERGYCOMMON STOCK	30040W108	$1.35M	0.35%	23,500shares	SOLE	0 / 0 / 23,500
HENRY SCHEIN INCCOMMON STOCK	806407102	$1.35M	0.35%	19,500shares	SOLE	0 / 0 / 19,500
CONAGRA BRANDS INCCOMMON STOCK	205887102	$1.35M	0.35%	48,500shares	SOLE	0 / 0 / 48,500
VERISIGN INCCOMMON STOCK	92343E102	$1.34M	0.35%	6,500shares	SOLE	0 / 0 / 6,500
Brixmor Property Group IncCOMMON STOCK	11120U105	$1.34M	0.35%	48,211shares	SOLE	0 / 0 / 48,211
EXPEDITORS INTL WASH INCCOMMON STOCK	302130109	$1.33M	0.35%	12,000shares	SOLE	0 / 0 / 12,000
GLOBE LIFE INCCOMMON STOCK	37959E102	$1.32M	0.35%	11,800shares	SOLE	0 / 0 / 11,800
JACK HENRY and ASSOCIATES INCCOMMON STOCK	426281101	$1.31M	0.35%	7,500shares	SOLE	0 / 0 / 7,500
Healthcare Realty Trust IncCOMMON STOCK	42226K105	$1.31M	0.35%	77,582shares	SOLE	0 / 0 / 77,582
Omega Healthcare Investors IncCOMMON STOCK	681936100	$1.31M	0.34%	34,700shares	SOLE	0 / 0 / 34,700
PULTEGROUP INCCOMMON STOCK	745867101	$1.31M	0.34%	12,000shares	SOLE	0 / 0 / 12,000
MASCO CORPCOMMON STOCK	574599106	$1.31M	0.34%	18,000shares	SOLE	0 / 0 / 18,000
CARLISLE COS INCCOMMON STOCK	142339100	$1.29M	0.34%	3,500shares	SOLE	0 / 0 / 3,500
UDR IncCOMMON STOCK	902653104	$1.28M	0.33%	29,388shares	SOLE	0 / 0 / 29,388
TEXAS INSTRUMENTS INCCOMMON STOCK	882508104	$1.27M	0.33%	6,800shares	SOLE	0 / 0 / 6,800
KEYSIGHT TECHNOLOGIES INCOMMON STOCK	49338L103	$1.27M	0.33%	7,900shares	SOLE	0 / 0 / 7,900
SMITH (A.O.) CORPCOMMON STOCK	831865209	$1.26M	0.33%	18,500shares	SOLE	0 / 0 / 18,500
MOLINA HEALTHCARE INCCOMMON STOCK	60855R100	$1.25M	0.33%	4,300shares	SOLE	0 / 0 / 4,300
ROYALTY PHARMA PLC- CL ACOMMON STOCK	000000000	$1.25M	0.33%	49,000shares	SOLE	0 / 0 / 49,000
THE CAMPBELL'S COMPANYCOMMON STOCK	134429109	$1.25M	0.33%	29,800shares	SOLE	0 / 0 / 29,800
CubeSmartCOMMON STOCK	229663109	$1.23M	0.32%	28,700shares	SOLE	0 / 0 / 28,700
DOMINO'S PIZZA INCCOMMON STOCK	25754A201	$1.18M	0.31%	2,800shares	SOLE	0 / 0 / 2,800
CDW CORP/DECOMMON STOCK	12514G108	$1.17M	0.31%	6,725shares	SOLE	0 / 0 / 6,725
GARTNER INCCOMMON STOCK	366651107	$1.16M	0.31%	2,400shares	SOLE	0 / 0 / 2,400
Camden Property TrustCOMMON STOCK	133131102	$1.13M	0.30%	9,731shares	SOLE	0 / 0 / 9,731
STAG Industrial IncCOMMON STOCK	85254J102	$1.11M	0.29%	32,863shares	SOLE	0 / 0 / 32,863
ULTA BEAUTY INCCOMMON STOCK	90384S303	$1.09M	0.29%	2,500shares	SOLE	0 / 0 / 2,500
Essential Properties Realty Trust IncCOMMON STOCK	29670E107	$1.08M	0.28%	34,500shares	SOLE	0 / 0 / 34,500
KELLOGG COCOMMON STOCK	487836108	$1.07M	0.28%	13,200shares	SOLE	0 / 0 / 13,200
BOOZ ALLEN HAMILTON HOLDINGSCOMMON STOCK	099502106	$1.07M	0.28%	8,300shares	SOLE	0 / 0 / 8,300
Sabra Health Care REIT IncCOMMON STOCK	78573L106	$1.05M	0.27%	60,374shares	SOLE	0 / 0 / 60,374
National Retail Properties IncCOMMON STOCK	637417106	$993K	0.26%	24,300shares	SOLE	0 / 0 / 24,300
Broadstone Net Lease IncCOMMON STOCK	11135E203	$983K	0.26%	62,000shares	SOLE	0 / 0 / 62,000
Host Hotels and Resorts IncCOMMON STOCK	44107P104	$943K	0.25%	53,843shares	SOLE	0 / 0 / 53,843
UNITED PARCEL SERVICE-CL BCOMMON STOCK	911312106	$933K	0.24%	7,400shares	SOLE	0 / 0 / 7,400
Kite Realty Group TrustCOMMON STOCK	49803T300	$919K	0.24%	36,400shares	SOLE	0 / 0 / 36,400
Alexandria Real Estate Equities IncCOMMON STOCK	015271109	$902K	0.24%	9,250shares	SOLE	0 / 0 / 9,250
CVS HEALTH CORPCOMMON STOCK	126650100	$853K	0.22%	19,000shares	SOLE	0 / 0 / 19,000
American Homes 4 RentCOMMON STOCK	02665T306	$842K	0.22%	22,500shares	SOLE	0 / 0 / 22,500
EPR PropertiesCOMMON STOCK	26884U109	$775K	0.20%	17,500shares	SOLE	0 / 0 / 17,500
INTERPUBLIC GROUP OF COS INCCOMMON STOCK	460690100	$757K	0.20%	27,000shares	SOLE	0 / 0 / 27,000
Getty Realty CorpCOMMON STOCK	374297109	$753K	0.20%	25,000shares	SOLE	0 / 0 / 25,000
LKQ CORPCOMMON STOCK	501889208	$728K	0.19%	19,800shares	SOLE	0 / 0 / 19,800
LXP Industrial TrustCOMMON STOCK	529043101	$698K	0.18%	86,000shares	SOLE	0 / 0 / 86,000
Plymouth Industrial REIT IncCOMMON STOCK	729640102	$677K	0.18%	38,027shares	SOLE	0 / 0 / 38,027
Independence Realty Trust IncCOMMON STOCK	45378A106	$645K	0.17%	32,500shares	SOLE	0 / 0 / 32,500
Cousins Properties IncCOMMON STOCK	222795502	$625K	0.16%	20,400shares	SOLE	0 / 0 / 20,400
Lamar Advertising CoCOMMON STOCK	512816109	$511K	0.13%	4,200shares	SOLE	0 / 0 / 4,200
HUMANA INCCOMMON STOCK	444859102	$507K	0.13%	2,000shares	SOLE	0 / 0 / 2,000
National Health Investors IncCOMMON STOCK	63633D104	$485K	0.13%	7,000shares	SOLE	0 / 0 / 7,000
TANGER INCCOMMON STOCK	875465106	$478K	0.13%	14,000shares	SOLE	0 / 0 / 14,000
Global Medical REIT IncCOMMON STOCK	37954A204	$465K	0.12%	60,200shares	SOLE	0 / 0 / 60,200
CenterspaceCOMMON STOCK	15202L107	$464K	0.12%	7,019shares	SOLE	0 / 0 / 7,019
UMH Properties IncCOMMON STOCK	903002103	$464K	0.12%	24,564shares	SOLE	0 / 0 / 24,564
Boston Properties IncCOMMON STOCK	101121101	$462K	0.12%	6,214shares	SOLE	0 / 0 / 6,214
Medical Properties Trust IncCOMMON STOCK	58463J304	$448K	0.12%	113,500shares	SOLE	0 / 0 / 113,500
Park Hotels and Resorts IncCOMMON STOCK	700517105	$410K	0.11%	29,106shares	SOLE	0 / 0 / 29,106
WATERS CORPCOMMON STOCK	941848103	$408K	0.11%	1,100shares	SOLE	0 / 0 / 1,100
Regency Centers CorpCOMMON STOCK	758849103	$399K	0.10%	5,399shares	SOLE	0 / 0 / 5,399
Kimco Realty CorpCOMMON STOCK	49446R109	$382K	0.10%	16,295shares	SOLE	0 / 0 / 16,295
Four Corners Property Trust IncCOMMON STOCK	35086T109	$380K	0.10%	14,000shares	SOLE	0 / 0 / 14,000
Brandywine Realty TrustCOMMON STOCK	105368203	$372K	0.10%	66,500shares	SOLE	0 / 0 / 66,500
RLJ Lodging TrustCOMMON STOCK	74965L101	$318K	0.08%	31,100shares	SOLE	0 / 0 / 31,100
Highwoods Properties IncCOMMON STOCK	431284108	$297K	0.08%	9,698shares	SOLE	0 / 0 / 9,698
Innovative Industrial Properties IncCOMMON STOCK	45781V101	$293K	0.08%	4,404shares	SOLE	0 / 0 / 4,404
National Storage Affiliates TrustCOMMON STOCK	637870106	$288K	0.08%	7,600shares	SOLE	0 / 0 / 7,600
Vornado Realty TrustCOMMON STOCK	929042109	$262K	0.07%	6,237shares	SOLE	0 / 0 / 6,237
Apple Hospitality REIT IncCOMMON STOCK	03784Y200	$246K	0.06%	16,000shares	SOLE	0 / 0 / 16,000
CURBLINE PROPERTIES CORPCOMMON STOCK	23128Q101	$232K	0.06%	10,000shares	SOLE	0 / 0 / 10,000
Community Healthcare Trust IncCOMMON STOCK	20369C106	$231K	0.06%	12,000shares	SOLE	0 / 0 / 12,000
Kilroy Realty CorpCOMMON STOCK	49427F108	$222K	0.06%	5,500shares	SOLE	0 / 0 / 5,500
Macerich Co/TheCOMMON STOCK	554382101	$173K	0.05%	8,692shares	SOLE	0 / 0 / 8,692
Chatham Lodging TrustCOMMON STOCK	16208T102	$134K	0.04%	15,000shares	SOLE	0 / 0 / 15,000
Summit Hotel Properties IncCOMMON STOCK	866082100	$128K	0.03%	18,700shares	SOLE	0 / 0 / 18,700
Hudson Pacific Properties IncCOMMON STOCK	444097109	$115K	0.03%	38,000shares	SOLE	0 / 0 / 38,000
Global Net Lease IncCOMMON STOCK	379378201	$106K	0.03%	14,492shares	SOLE	0 / 0 / 14,492
Pebblebrook Hotel TrustCOMMON STOCK	70509V100	$86K	0.02%	6,355shares	SOLE	0 / 0 / 6,355
SITE Centers CorpCOMMON STOCK	82981J851	$76K	0.02%	5,000shares	SOLE	0 / 0 / 5,000
DigitalBridge Group IncCOMMON STOCK	25401T603	$54K	0.01%	4,821shares	SOLE	0 / 0 / 4,821
Diversified Healthcare TrustCOMMON STOCK	25525P107	$46K	0.01%	20,000shares	SOLE	0 / 0 / 20,000
Power REITCOMMON STOCK	73933H101	$40K	0.01%	29,948shares	SOLE	0 / 0 / 29,948
RETAIL VALUE INC liquidatedCOMMON STOCK	000000000	$0	0.00%	108shares	SOLE	0 / 0 / 108
Spirit Realty Capital IncCOMMON STOCK	84860W300	$0	0.00%	0shares	SOLE	0 / 0 / 0
NEW YORK REIT INC liquidation shsCOMMON STOCK	64976L208	$0	0.00%	2,200shares	SOLE	0 / 0 / 2,200

Filing Metadata

Form type

13F-HR

Filing date

Jan 6, 2025

Holdings as of

December 31, 2024

Accession

0001637246-25-000001

CIK

0001637246

View on SEC

Portfolio Snapshot

Total Portfolio Value

$380.99M

Number of Positions

215

215 reported by filer

Top 10 Concentration

17.5%

Top 20 Concentration

28.9%

Unique Issuers

209

By CUSIP

Avg. Position Size

$1.77M

Across 215 holdings

Top 5 Holdings

APPLE INC2.6%

MICROSOFT CORP2.4%

META PLATFORMS INC-CLASS A2.4%

Prologis Inc1.8%

JPMORGAN CHASE and CO1.7%