Pensionfund Sabic — Q2 2025 13F Holdings

Holdings as of June 30, 2025

Portfolio value

$352.88M

Holdings count

220

220 positions reported

Accession #

0001637246-26-000009

Form 13F-HR

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All Reported Positions

220 positions sorted by value

220 positions

Issuer	CUSIP	Valuev	Weight	Shares/Prin.	Discretion	Voting (Sole/Shared/None)
MICROSOFT CORPCOMMON STOCK	594918104	$9.89M	2.80%	19,890shares	SOLE	0 / 0 / 19,890
META PLATFORMS INC-CLASS ACOMMON STOCK	30303M102	$9.01M	2.55%	12,200shares	SOLE	0 / 0 / 12,200
NVIDIA CORPCOMMON STOCK	67066G104	$8.80M	2.49%	55,700shares	SOLE	0 / 0 / 55,700
BROADCOM INCCOMMON STOCK	11135F101	$8.44M	2.39%	30,600shares	SOLE	0 / 0 / 30,600
AMAZON.COM INCCOMMON STOCK	023135106	$7.46M	2.11%	34,000shares	SOLE	0 / 0 / 34,000
APPLE INCCOMMON STOCK	037833100	$7.14M	2.02%	34,780shares	SOLE	0 / 0 / 34,780
JPMORGAN CHASE and COCOMMON STOCK	46625H100	$6.75M	1.91%	23,300shares	SOLE	0 / 0 / 23,300
Prologis IncCOMMON STOCK	74340W103	$6.45M	1.83%	61,358shares	SOLE	0 / 0 / 61,358
VISA INC-CLASS A SHARESCOMMON STOCK	92826C839	$5.11M	1.45%	14,400shares	SOLE	0 / 0 / 14,400
Welltower IncCOMMON STOCK	95040Q104	$4.47M	1.27%	29,059shares	SOLE	0 / 0 / 29,059
ALPHABET INC-CL ACOMMON STOCK	02079K305	$4.35M	1.23%	24,700shares	SOLE	0 / 0 / 24,700
Equinix IncCOMMON STOCK	29444U700	$4.29M	1.22%	5,390shares	SOLE	0 / 0 / 5,390
MASTERCARD INC - ACOMMON STOCK	57636Q104	$4.27M	1.21%	7,600shares	SOLE	0 / 0 / 7,600
Realty Income CorpCOMMON STOCK	756109104	$4.02M	1.14%	69,738shares	SOLE	0 / 0 / 69,738
Digital Realty Trust IncCOMMON STOCK	253868103	$3.96M	1.12%	22,747shares	SOLE	0 / 0 / 22,747
WALMART INCCOMMON STOCK	931142103	$3.84M	1.09%	39,300shares	SOLE	0 / 0 / 39,300
ALPHABET INC-CL CCOMMON STOCK	02079K107	$3.81M	1.08%	21,500shares	SOLE	0 / 0 / 21,500
COSTCO WHOLESALE CORPCOMMON STOCK	22160K105	$3.76M	1.07%	3,800shares	SOLE	0 / 0 / 3,800
JOHNSON and JOHNSONCOMMON STOCK	478160104	$3.56M	1.01%	23,300shares	SOLE	0 / 0 / 23,300
HOME DEPOT INCCOMMON STOCK	437076102	$3.48M	0.99%	9,500shares	SOLE	0 / 0 / 9,500
PROCTER and GAMBLE CO/THECOMMON STOCK	742718109	$3.41M	0.97%	21,400shares	SOLE	0 / 0 / 21,400
CISCO SYSTEMS INCCOMMON STOCK	17275R102	$3.27M	0.93%	47,100shares	SOLE	0 / 0 / 47,100
ABBVIE INCCOMMON STOCK	00287Y109	$3.27M	0.93%	17,600shares	SOLE	0 / 0 / 17,600
Simon Property Group IncCOMMON STOCK	828806109	$3.25M	0.92%	20,206shares	SOLE	0 / 0 / 20,206
INTL BUSINESS MACHINES CORPCOMMON STOCK	459200101	$3.21M	0.91%	10,900shares	SOLE	0 / 0 / 10,900
VICI Properties IncCOMMON STOCK	925652109	$3.15M	0.89%	96,500shares	SOLE	0 / 0 / 96,500
Public StorageCOMMON STOCK	74460D109	$3.14M	0.89%	10,713shares	SOLE	0 / 0 / 10,713
ABBOTT LABORATORIESCOMMON STOCK	002824100	$2.68M	0.76%	19,700shares	SOLE	0 / 0 / 19,700
UNITEDHEALTH GROUP INCCOMMON STOCK	91324P102	$2.54M	0.72%	8,150shares	SOLE	0 / 0 / 8,150
ATandT INCCOMMON STOCK	00206R102	$2.44M	0.69%	84,200shares	SOLE	0 / 0 / 84,200
BOOKING HOLDINGS INCCOMMON STOCK	09857L108	$2.37M	0.67%	410shares	SOLE	0 / 0 / 410
QUALCOMM INCCOMMON STOCK	747525103	$2.31M	0.65%	14,500shares	SOLE	0 / 0 / 14,500
APPLIED MATERIALS INCCOMMON STOCK	038222105	$2.31M	0.65%	12,600shares	SOLE	0 / 0 / 12,600
MERCK and CO. INC.COMMON STOCK	58933Y105	$2.30M	0.65%	29,000shares	SOLE	0 / 0 / 29,000
VERIZON COMMUNICATIONS INCCOMMON STOCK	92343V104	$2.29M	0.65%	52,900shares	SOLE	0 / 0 / 52,900
ADOBE INCCOMMON STOCK	00724F101	$2.21M	0.62%	5,700shares	SOLE	0 / 0 / 5,700
BLACKROCK INCCOMMON STOCK	09290D101	$2.17M	0.62%	2,070shares	SOLE	0 / 0 / 2,070
AvalonBay Communities IncCOMMON STOCK	053484101	$2.16M	0.61%	10,602shares	SOLE	0 / 0 / 10,602
PEPSICO INCCOMMON STOCK	713448108	$2.13M	0.60%	16,100shares	SOLE	0 / 0 / 16,100
LAM RESEARCH CORPCOMMON STOCK	512807306	$2.10M	0.60%	21,600shares	SOLE	0 / 0 / 21,600
AMGEN INCCOMMON STOCK	031162100	$2.07M	0.59%	7,400shares	SOLE	0 / 0 / 7,400
Ventas IncCOMMON STOCK	92276F100	$2.03M	0.58%	32,205shares	SOLE	0 / 0 / 32,205
KLA CORPCOMMON STOCK	482480100	$2.02M	0.57%	2,250shares	SOLE	0 / 0 / 2,250
Iron Mountain IncCOMMON STOCK	46284V101	$1.98M	0.56%	19,300shares	SOLE	0 / 0 / 19,300
GILEAD SCIENCES INCCOMMON STOCK	375558103	$1.97M	0.56%	17,800shares	SOLE	0 / 0 / 17,800
UNION PACIFIC CORPCOMMON STOCK	907818108	$1.93M	0.55%	8,400shares	SOLE	0 / 0 / 8,400
AUTOMATIC DATA PROCESSINGCOMMON STOCK	053015103	$1.88M	0.53%	6,100shares	SOLE	0 / 0 / 6,100
MARSH and MCLENNAN COSCOMMON STOCK	571748102	$1.81M	0.51%	8,300shares	SOLE	0 / 0 / 8,300
PFIZER INCCOMMON STOCK	717081103	$1.81M	0.51%	74,800shares	SOLE	0 / 0 / 74,800
Equity ResidentialCOMMON STOCK	29476L107	$1.81M	0.51%	26,853shares	SOLE	0 / 0 / 26,853
KINDER MORGAN INCCOMMON STOCK	49456B101	$1.81M	0.51%	61,500shares	SOLE	0 / 0 / 61,500
LOWE'S COS INCCOMMON STOCK	548661107	$1.80M	0.51%	8,100shares	SOLE	0 / 0 / 8,100
Healthpeak Properties IncCOMMON STOCK	42250P103	$1.75M	0.50%	99,755shares	SOLE	0 / 0 / 99,755
NETFLIX INCCOMMON STOCK	64110L106	$1.74M	0.49%	1,300shares	SOLE	0 / 0 / 1,300
MCKESSON CORPCOMMON STOCK	58155Q103	$1.69M	0.48%	2,300shares	SOLE	0 / 0 / 2,300
Realty Income CorpCOMMON STOCK	756109104	$1.63M	0.46%	28,300shares	SOLE	0 / 0 / 28,300
SHERWIN-WILLIAMS CO/THECOMMON STOCK	824348106	$1.61M	0.46%	4,700shares	SOLE	0 / 0 / 4,700
CADENCE DESIGN SYS INCCOMMON STOCK	127387108	$1.60M	0.45%	5,200shares	SOLE	0 / 0 / 5,200
AMERIPRISE FINANCIAL INCCOMMON STOCK	03076C106	$1.60M	0.45%	3,000shares	SOLE	0 / 0 / 3,000
MOTOROLA SOLUTIONS INCCOMMON STOCK	620076307	$1.60M	0.45%	3,800shares	SOLE	0 / 0 / 3,800
BRISTOL-MYERS SQUIBB COCOMMON STOCK	110122108	$1.58M	0.45%	34,200shares	SOLE	0 / 0 / 34,200
CINTAS CORPCOMMON STOCK	172908105	$1.58M	0.45%	7,100shares	SOLE	0 / 0 / 7,100
WP Carey IncCOMMON STOCK	92936U109	$1.58M	0.45%	25,304shares	SOLE	0 / 0 / 25,304
TRAVELERS COS INC/THECOMMON STOCK	89417E109	$1.58M	0.45%	5,900shares	SOLE	0 / 0 / 5,900
VICI Properties IncCOMMON STOCK	925652109	$1.57M	0.45%	48,300shares	SOLE	0 / 0 / 48,300
ELEVANCE HEALTH INCCOMMON STOCK	036752103	$1.57M	0.45%	4,050shares	SOLE	0 / 0 / 4,050
O'REILLY AUTOMOTIVE INCCOMMON STOCK	67103H107	$1.55M	0.44%	17,250shares	SOLE	0 / 0 / 17,250
AON PLC-CLASS ACOMMON STOCK	000000000	$1.53M	0.43%	4,300shares	SOLE	0 / 0 / 4,300
ILLINOIS TOOL WORKSCOMMON STOCK	452308109	$1.53M	0.43%	6,200shares	SOLE	0 / 0 / 6,200
AFLAC INCCOMMON STOCK	001055102	$1.49M	0.42%	14,100shares	SOLE	0 / 0 / 14,100
Invitation Homes IncCOMMON STOCK	46187W107	$1.49M	0.42%	45,265shares	SOLE	0 / 0 / 45,265
ZOETIS INCCOMMON STOCK	98978V103	$1.48M	0.42%	9,500shares	SOLE	0 / 0 / 9,500
ELECTRONIC ARTS INCCOMMON STOCK	285512109	$1.47M	0.42%	9,200shares	SOLE	0 / 0 / 9,200
CARDINAL HEALTH INCCOMMON STOCK	14149Y108	$1.46M	0.41%	8,700shares	SOLE	0 / 0 / 8,700
COLGATE-PALMOLIVE COCOMMON STOCK	194162103	$1.45M	0.41%	15,900shares	SOLE	0 / 0 / 15,900
CENCORA INCCOMMON STOCK	03073E105	$1.44M	0.41%	4,800shares	SOLE	0 / 0 / 4,800
TEXAS INSTRUMENTS INCCOMMON STOCK	882508104	$1.41M	0.40%	6,800shares	SOLE	0 / 0 / 6,800
AUTOZONE INCCOMMON STOCK	053332102	$1.41M	0.40%	380shares	SOLE	0 / 0 / 380
METLIFE INCCOMMON STOCK	59156R108	$1.41M	0.40%	17,500shares	SOLE	0 / 0 / 17,500
HARTFORD FINANCIAL SVCS GRPCOMMON STOCK	416515104	$1.40M	0.40%	11,000shares	SOLE	0 / 0 / 11,000
COGNIZANT TECH SOLUTIONS-ACOMMON STOCK	192446102	$1.38M	0.39%	17,700shares	SOLE	0 / 0 / 17,700
DOMINION ENERGY INCCOMMON STOCK	25746U109	$1.38M	0.39%	24,400shares	SOLE	0 / 0 / 24,400
PUBLIC SERVICE ENTERPRISE GPCOMMON STOCK	744573106	$1.36M	0.39%	16,200shares	SOLE	0 / 0 / 16,200
SEMPRA ENERGYCOMMON STOCK	816851109	$1.36M	0.38%	17,900shares	SOLE	0 / 0 / 17,900
VERISK ANALYTICS INCCOMMON STOCK	92345Y106	$1.34M	0.38%	4,300shares	SOLE	0 / 0 / 4,300
MARKEL GROUP INCCOMMON STOCK	570535104	$1.34M	0.38%	670shares	SOLE	0 / 0 / 670
YUM! BRANDS INCCOMMON STOCK	988498101	$1.33M	0.38%	9,000shares	SOLE	0 / 0 / 9,000
PAYCHEX INCCOMMON STOCK	704326107	$1.33M	0.38%	9,150shares	SOLE	0 / 0 / 9,150
KROGER COCOMMON STOCK	501044101	$1.33M	0.38%	18,500shares	SOLE	0 / 0 / 18,500
ELI LILLY and COCOMMON STOCK	532457108	$1.32M	0.38%	1,700shares	SOLE	0 / 0 / 1,700
Essex Property Trust IncCOMMON STOCK	297178105	$1.32M	0.37%	4,650shares	SOLE	0 / 0 / 4,650
WR BERKLEY CORPCOMMON STOCK	084423102	$1.31M	0.37%	17,850shares	SOLE	0 / 0 / 17,850
WW GRAINGER INCCOMMON STOCK	384802104	$1.30M	0.37%	1,250shares	SOLE	0 / 0 / 1,250
NETAPP INCCOMMON STOCK	64110D104	$1.30M	0.37%	12,200shares	SOLE	0 / 0 / 12,200
EXELON CORPCOMMON STOCK	30161N101	$1.30M	0.37%	29,900shares	SOLE	0 / 0 / 29,900
OTIS WORLDWIDE CORPCOMMON STOCK	68902V107	$1.29M	0.36%	13,000shares	SOLE	0 / 0 / 13,000
WP Carey IncCOMMON STOCK	92936U109	$1.28M	0.36%	20,500shares	SOLE	0 / 0 / 20,500
ROYALTY PHARMA PLC- CL ACOMMON STOCK	000000000	$1.28M	0.36%	35,500shares	SOLE	0 / 0 / 35,500
Omega Healthcare Investors IncCOMMON STOCK	681936100	$1.27M	0.36%	34,700shares	SOLE	0 / 0 / 34,700
SEI INVESTMENTS COMPANYCOMMON STOCK	784117103	$1.27M	0.36%	14,100shares	SOLE	0 / 0 / 14,100
TRACTOR SUPPLY COMPANYCOMMON STOCK	892356106	$1.26M	0.36%	23,900shares	SOLE	0 / 0 / 23,900
BANK OF AMERICA CORPCOMMON STOCK	060505104	$1.26M	0.36%	26,600shares	SOLE	0 / 0 / 26,600
FASTENAL COCOMMON STOCK	311900104	$1.25M	0.35%	29,700shares	SOLE	0 / 0 / 29,700
CUMMINS INCCOMMON STOCK	231021106	$1.25M	0.35%	3,800shares	SOLE	0 / 0 / 3,800
CVS HEALTH CORPCOMMON STOCK	126650100	$1.24M	0.35%	18,000shares	SOLE	0 / 0 / 18,000
KEYSIGHT TECHNOLOGIES INCOMMON STOCK	49338L103	$1.23M	0.35%	7,500shares	SOLE	0 / 0 / 7,500
EVERSOURCE ENERGYCOMMON STOCK	30040W108	$1.23M	0.35%	19,300shares	SOLE	0 / 0 / 19,300
CORPAY INCCOMMON STOCK	219948106	$1.23M	0.35%	3,700shares	SOLE	0 / 0 / 3,700
HOLOGIC INCCOMMON STOCK	436440101	$1.23M	0.35%	18,800shares	SOLE	0 / 0 / 18,800
EBAY INCCOMMON STOCK	278642103	$1.22M	0.35%	16,400shares	SOLE	0 / 0 / 16,400
Extra Space Storage IncCOMMON STOCK	30225T102	$1.22M	0.34%	8,255shares	SOLE	0 / 0 / 8,255
EXXON MOBIL CORPCOMMON STOCK	30231G102	$1.21M	0.34%	11,200shares	SOLE	0 / 0 / 11,200
FIRSTENERGY CORPCOMMON STOCK	337932107	$1.20M	0.34%	29,900shares	SOLE	0 / 0 / 29,900
CDW CORP/DECOMMON STOCK	12514G108	$1.20M	0.34%	6,725shares	SOLE	0 / 0 / 6,725
JACK HENRY and ASSOCIATES INCCOMMON STOCK	426281101	$1.19M	0.34%	6,600shares	SOLE	0 / 0 / 6,600
ATMOS ENERGY CORPCOMMON STOCK	049560105	$1.19M	0.34%	7,700shares	SOLE	0 / 0 / 7,700
KEURIG DR PEPPER INCCOMMON STOCK	49271V100	$1.18M	0.34%	35,800shares	SOLE	0 / 0 / 35,800
Camden Property TrustCOMMON STOCK	133131102	$1.18M	0.34%	10,500shares	SOLE	0 / 0 / 10,500
EXPEDITORS INTL WASH INCCOMMON STOCK	302130109	$1.18M	0.33%	10,300shares	SOLE	0 / 0 / 10,300
AMERICAN FINANCIAL GROUP INCCOMMON STOCK	025932104	$1.17M	0.33%	9,300shares	SOLE	0 / 0 / 9,300
DR HORTON INCCOMMON STOCK	23331A109	$1.17M	0.33%	9,100shares	SOLE	0 / 0 / 9,100
GODADDY INC - CLASS ACOMMON STOCK	380237107	$1.17M	0.33%	6,500shares	SOLE	0 / 0 / 6,500
ULTA BEAUTY INCCOMMON STOCK	90384S303	$1.17M	0.33%	2,500shares	SOLE	0 / 0 / 2,500
EVERGY INCCOMMON STOCK	30034W106	$1.17M	0.33%	16,900shares	SOLE	0 / 0 / 16,900
Mid-America Apartment Communities IncCOMMON STOCK	59522J103	$1.16M	0.33%	7,850shares	SOLE	0 / 0 / 7,850
DOVER CORPCOMMON STOCK	260003108	$1.15M	0.33%	6,300shares	SOLE	0 / 0 / 6,300
QUEST DIAGNOSTICS INCCOMMON STOCK	74834L100	$1.15M	0.33%	6,400shares	SOLE	0 / 0 / 6,400
HERSHEY CO/THECOMMON STOCK	427866108	$1.15M	0.32%	6,900shares	SOLE	0 / 0 / 6,900
NVR INCCOMMON STOCK	62944T105	$1.15M	0.32%	155shares	SOLE	0 / 0 / 155
Brixmor Property Group IncCOMMON STOCK	11120U105	$1.13M	0.32%	43,211shares	SOLE	0 / 0 / 43,211
AGILENT TECHNOLOGIES INCCOMMON STOCK	00846U101	$1.12M	0.32%	9,500shares	SOLE	0 / 0 / 9,500
CARLISLE COS INCCOMMON STOCK	142339100	$1.12M	0.32%	3,000shares	SOLE	0 / 0 / 3,000
ASSURANT INCCOMMON STOCK	04621X108	$1.11M	0.31%	5,600shares	SOLE	0 / 0 / 5,600
Healthcare Realty Trust IncCOMMON STOCK	42226K105	$1.10M	0.31%	69,582shares	SOLE	0 / 0 / 69,582
PULTEGROUP INCCOMMON STOCK	745867101	$1.10M	0.31%	10,400shares	SOLE	0 / 0 / 10,400
KIMBERLY-CLARK CORPCOMMON STOCK	494368103	$1.10M	0.31%	8,500shares	SOLE	0 / 0 / 8,500
CubeSmartCOMMON STOCK	229663109	$1.09M	0.31%	25,700shares	SOLE	0 / 0 / 25,700
SNAP-ON INCCOMMON STOCK	833034101	$1.09M	0.31%	3,500shares	SOLE	0 / 0 / 3,500
LENNOX INTERNATIONAL INCCOMMON STOCK	526107107	$1.09M	0.31%	1,900shares	SOLE	0 / 0 / 1,900
DICK'S SPORTING GOODS INCCOMMON STOCK	253393102	$1.09M	0.31%	5,500shares	SOLE	0 / 0 / 5,500
SMITH (A.O.) CORPCOMMON STOCK	831865209	$1.09M	0.31%	16,600shares	SOLE	0 / 0 / 16,600
DOMINO'S PIZZA INCCOMMON STOCK	25754A201	$1.08M	0.31%	2,400shares	SOLE	0 / 0 / 2,400
EPR PropertiesCOMMON STOCK	26884U109	$1.08M	0.31%	18,500shares	SOLE	0 / 0 / 18,500
National Retail Properties IncCOMMON STOCK	637417106	$1.07M	0.30%	24,800shares	SOLE	0 / 0 / 24,800
VERISIGN INCCOMMON STOCK	92343E102	$1.07M	0.30%	3,700shares	SOLE	0 / 0 / 3,700
STAG Industrial IncCOMMON STOCK	85254J102	$1.06M	0.30%	29,363shares	SOLE	0 / 0 / 29,363
METTLER-TOLEDO INTERNATIONALCOMMON STOCK	592688105	$1.06M	0.30%	900shares	SOLE	0 / 0 / 900
Lamar Advertising CoCOMMON STOCK	512816109	$1.06M	0.30%	8,700shares	SOLE	0 / 0 / 8,700
WILLIAMS-SONOMA INCCOMMON STOCK	969904101	$1.05M	0.30%	6,400shares	SOLE	0 / 0 / 6,400
GENUINE PARTS COCOMMON STOCK	372460105	$1.04M	0.30%	8,600shares	SOLE	0 / 0 / 8,600
GENERAL MILLS INCCOMMON STOCK	370334104	$1.04M	0.29%	20,000shares	SOLE	0 / 0 / 20,000
KRAFT HEINZ CO/THECOMMON STOCK	500754106	$1.03M	0.29%	40,000shares	SOLE	0 / 0 / 40,000
HP INCCOMMON STOCK	40434L105	$1.03M	0.29%	42,200shares	SOLE	0 / 0 / 42,200
RPM INTERNATIONAL INCCOMMON STOCK	749685103	$1.03M	0.29%	9,400shares	SOLE	0 / 0 / 9,400
MOLINA HEALTHCARE INCCOMMON STOCK	60855R100	$1.03M	0.29%	3,450shares	SOLE	0 / 0 / 3,450
MASCO CORPCOMMON STOCK	574599106	$1.01M	0.29%	15,700shares	SOLE	0 / 0 / 15,700
BEST BUY CO INCCOMMON STOCK	086516101	$1.01M	0.29%	15,000shares	SOLE	0 / 0 / 15,000
Sabra Health Care REIT IncCOMMON STOCK	78573L106	$993K	0.28%	53,874shares	SOLE	0 / 0 / 53,874
EDISON INTERNATIONALCOMMON STOCK	281020107	$986K	0.28%	19,100shares	SOLE	0 / 0 / 19,100
American Homes 4 RentCOMMON STOCK	02665T306	$974K	0.28%	27,000shares	SOLE	0 / 0 / 27,000
Essential Properties Realty Trust IncCOMMON STOCK	29670E107	$973K	0.28%	30,500shares	SOLE	0 / 0 / 30,500
GARTNER INCCOMMON STOCK	366651107	$970K	0.27%	2,400shares	SOLE	0 / 0 / 2,400
FAIR ISAAC CORPCOMMON STOCK	303250104	$914K	0.26%	500shares	SOLE	0 / 0 / 500
Broadstone Net Lease IncCOMMON STOCK	11135E203	$883K	0.25%	55,000shares	SOLE	0 / 0 / 55,000
HENRY SCHEIN INCCOMMON STOCK	806407102	$869K	0.25%	11,900shares	SOLE	0 / 0 / 11,900
JM SMUCKER CO/THECOMMON STOCK	832696405	$864K	0.24%	8,800shares	SOLE	0 / 0 / 8,800
BOOZ ALLEN HAMILTON HOLDINGSCOMMON STOCK	099502106	$864K	0.24%	8,300shares	SOLE	0 / 0 / 8,300
UDR IncCOMMON STOCK	902653104	$853K	0.24%	20,888shares	SOLE	0 / 0 / 20,888
Camden Property TrustCOMMON STOCK	133131102	$849K	0.24%	7,531shares	SOLE	0 / 0 / 7,531
GLOBE LIFE INCCOMMON STOCK	37959E102	$833K	0.24%	6,700shares	SOLE	0 / 0 / 6,700
CONAGRA BRANDS INCCOMMON STOCK	205887102	$817K	0.23%	39,900shares	SOLE	0 / 0 / 39,900
LXP Industrial TrustCOMMON STOCK	529043101	$809K	0.23%	98,000shares	SOLE	0 / 0 / 98,000
THE CAMPBELL'S COMPANYCOMMON STOCK	134429109	$803K	0.23%	26,200shares	SOLE	0 / 0 / 26,200
Host Hotels and Resorts IncCOMMON STOCK	44107P104	$750K	0.21%	48,843shares	SOLE	0 / 0 / 48,843
Kite Realty Group TrustCOMMON STOCK	49803T300	$734K	0.21%	32,400shares	SOLE	0 / 0 / 32,400
Getty Realty CorpCOMMON STOCK	374297109	$732K	0.21%	26,500shares	SOLE	0 / 0 / 26,500
LKQ CORPCOMMON STOCK	501889208	$725K	0.21%	19,600shares	SOLE	0 / 0 / 19,600
Cousins Properties IncCOMMON STOCK	222795502	$703K	0.20%	23,400shares	SOLE	0 / 0 / 23,400
Plymouth Industrial REIT IncCOMMON STOCK	729640102	$699K	0.20%	43,527shares	SOLE	0 / 0 / 43,527
UNITED PARCEL SERVICE-CL BCOMMON STOCK	911312106	$666K	0.19%	6,600shares	SOLE	0 / 0 / 6,600
CareTrust REIT IncCOMMON STOCK	14174T107	$643K	0.18%	21,000shares	SOLE	0 / 0 / 21,000
Alexandria Real Estate Equities IncCOMMON STOCK	015271109	$636K	0.18%	8,750shares	SOLE	0 / 0 / 8,750
Americold Realty Trust IncCOMMON STOCK	03064D108	$519K	0.15%	31,200shares	SOLE	0 / 0 / 31,200
HUMANA INCCOMMON STOCK	444859102	$513K	0.15%	2,100shares	SOLE	0 / 0 / 2,100
INTERPUBLIC GROUP OF COS INCCOMMON STOCK	460690100	$446K	0.13%	18,200shares	SOLE	0 / 0 / 18,200
Medical Properties Trust IncCOMMON STOCK	58463J304	$425K	0.12%	98,500shares	SOLE	0 / 0 / 98,500
National Health Investors IncCOMMON STOCK	63633D104	$421K	0.12%	6,000shares	SOLE	0 / 0 / 6,000
Boston Properties IncCOMMON STOCK	101121101	$419K	0.12%	6,214shares	SOLE	0 / 0 / 6,214
UMH Properties IncCOMMON STOCK	903002103	$412K	0.12%	24,564shares	SOLE	0 / 0 / 24,564
WATERS CORPCOMMON STOCK	941848103	$384K	0.11%	1,100shares	SOLE	0 / 0 / 1,100
Global Medical REIT IncCOMMON STOCK	37954A204	$376K	0.11%	54,200shares	SOLE	0 / 0 / 54,200
Independence Realty Trust IncCOMMON STOCK	45378A106	$371K	0.11%	21,000shares	SOLE	0 / 0 / 21,000
CenterspaceCOMMON STOCK	15202L107	$362K	0.10%	6,019shares	SOLE	0 / 0 / 6,019
Outfront Media IncCOMMON STOCK	69007J304	$356K	0.10%	21,808shares	SOLE	0 / 0 / 21,808
Kimco Realty CorpCOMMON STOCK	49446R109	$343K	0.10%	16,295shares	SOLE	0 / 0 / 16,295
Community Healthcare Trust IncCOMMON STOCK	20369C106	$333K	0.09%	20,000shares	SOLE	0 / 0 / 20,000
Four Corners Property Trust IncCOMMON STOCK	35086T109	$323K	0.09%	12,000shares	SOLE	0 / 0 / 12,000
Regency Centers CorpCOMMON STOCK	758849103	$313K	0.09%	4,399shares	SOLE	0 / 0 / 4,399
Highwoods Properties IncCOMMON STOCK	431284108	$302K	0.09%	9,698shares	SOLE	0 / 0 / 9,698
Park Hotels and Resorts IncCOMMON STOCK	700517105	$298K	0.08%	29,106shares	SOLE	0 / 0 / 29,106
Brandywine Realty TrustCOMMON STOCK	105368203	$285K	0.08%	66,500shares	SOLE	0 / 0 / 66,500
Innovative Industrial Properties IncCOMMON STOCK	45781V101	$243K	0.07%	4,404shares	SOLE	0 / 0 / 4,404
Vornado Realty TrustCOMMON STOCK	929042109	$239K	0.07%	6,237shares	SOLE	0 / 0 / 6,237
CURBLINE PROPERTIES CORPCOMMON STOCK	23128Q101	$228K	0.06%	10,000shares	SOLE	0 / 0 / 10,000
RLJ Lodging TrustCOMMON STOCK	74965L101	$226K	0.06%	31,100shares	SOLE	0 / 0 / 31,100
Kilroy Realty CorpCOMMON STOCK	49427F108	$189K	0.05%	5,500shares	SOLE	0 / 0 / 5,500
Apple Hospitality REIT IncCOMMON STOCK	03784Y200	$187K	0.05%	16,000shares	SOLE	0 / 0 / 16,000
TANGER INCCOMMON STOCK	875465106	$183K	0.05%	6,000shares	SOLE	0 / 0 / 6,000
Macerich Co/TheCOMMON STOCK	554382101	$141K	0.04%	8,692shares	SOLE	0 / 0 / 8,692
Global Net Lease IncCOMMON STOCK	379378201	$109K	0.03%	14,492shares	SOLE	0 / 0 / 14,492
Chatham Lodging TrustCOMMON STOCK	16208T102	$105K	0.03%	15,000shares	SOLE	0 / 0 / 15,000
Hudson Pacific Properties IncCOMMON STOCK	444097109	$104K	0.03%	38,000shares	SOLE	0 / 0 / 38,000
Summit Hotel Properties IncCOMMON STOCK	866082100	$95K	0.03%	18,700shares	SOLE	0 / 0 / 18,700
National Storage Affiliates TrustCOMMON STOCK	637870106	$83K	0.02%	2,600shares	SOLE	0 / 0 / 2,600
Diversified Healthcare TrustCOMMON STOCK	25525P107	$72K	0.02%	20,000shares	SOLE	0 / 0 / 20,000
Pebblebrook Hotel TrustCOMMON STOCK	70509V100	$63K	0.02%	6,355shares	SOLE	0 / 0 / 6,355
SITE Centers CorpCOMMON STOCK	82981J851	$57K	0.02%	5,000shares	SOLE	0 / 0 / 5,000
Power REITCOMMON STOCK	73933H101	$32K	0.01%	29,948shares	SOLE	0 / 0 / 29,948
NEW YORK REIT INC liquidation shsCOMMON STOCK	64976L208	$0	0.00%	2,200shares	SOLE	0 / 0 / 2,200
RETAIL VALUE INC liquidatedCOMMON STOCK	000000000	$0	0.00%	108shares	SOLE	0 / 0 / 108

Filing Metadata

Form type

13F-HR

Filing date

Mar 26, 2026

Holdings as of

June 30, 2025

Accession

0001637246-26-000009

CIK

0001637246

View on SEC

Portfolio Snapshot

Total Portfolio Value

$352.88M

Number of Positions

220

220 reported by filer

Top 10 Concentration

20.8%

Top 20 Concentration

32.0%

Unique Issuers

214

By CUSIP

Avg. Position Size

$1.60M

Across 220 holdings

Top 5 Holdings

MICROSOFT CORP2.8%

META PLATFORMS INC-CLASS A2.6%

NVIDIA CORP2.5%

BROADCOM INC2.4%

AMAZON.COM INC2.1%