RUSH ISLAND MANAGEMENT LP's Q4 2021 13F: 5 new positions, 8 exits
Form 13F-HR for the quarter ended Dec 31, 2021 · filed Feb 14, 2022 · 19 reported positions · accession 0001214659-22-002633
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | EQUITY RESIDENTIAL (EQR) | — | 9.1% | +9.1 pts | +549K sh | new |
| Exited | WASHINGTON REAL ESTATE INVT (ELME) | 7.8% | — | −7.8 pts | −1.59M sh | −100% |
| Exited | REALTY INCOME CORP (O) | 7.2% | — | −7.2 pts | −559K sh | −100% |
| Exited | CAMDEN PPTY TR (CPT) | 6.6% | — | −6.6 pts | −225K sh | −100% |
| Exited | MID-AMER APT CMNTYS INC (MAA) | 6.5% | — | −6.5 pts | −175K sh | −100% |
| New | PARK HOTELS & RESORTS INC (PK) | — | 5.9% | +5.9 pts | +1.7M sh | new |
| Increased | RETAIL OPPORTUNITY INVTS COR (ROIC) | 1.7% | 6.4% | +4.7 pts | +1.28M sh | +261% |
| Reduced | FEDERAL RLTY INVT TR (FRT) | 8.1% | 4.1% | −4.0 pts | −184K sh | −53% |
| New | VENTAS INC (VTR) | — | 4.3% | +4.3 pts | +456K sh | new |
| New | INVENTRUST PPTYS CORP (IVT) | — | 4.0% | +4.0 pts | +808K sh | new |
| Increased | APARTMENT INCOME REIT CORP (AIRC) | 7.0% | 9.7% | +2.7 pts | +242K sh | +33% |
| Increased | NATIONAL HEALTH INVS INC (NHI) | 4.0% | 6.4% | +2.4 pts | +224K sh | +59% |
| Reduced | NETSTREIT CORP (NTST) | 3.3% | 0.8% | −2.6 pts | −532K sh | −74% |
| New | BOYD GAMING CORP (BYD) | — | 2.1% | +2.1 pts | +179K sh | new |
| Increased | SUNSTONE HOTEL INVS INC NEW (SHO) | 6.9% | 8.0% | +1.1 pts | +785K sh | +27% |
| Reduced | INDEPENDENCE RLTY TR INC (IRT) | 6.2% | 5.6% | −0.6 pts | −351K sh | −23% |
| Increased | APPLE HOSPITALITY REIT INC (APLE) | 7.6% | 8.7% | +1.1 pts | +494K sh | +20% |
| Exited | BROOKDALE SR LIVING INC (BKD) | 1.5% | — | −1.5 pts | −1.18M sh | −100% |
| Reduced | FIRST INDL RLTY TR INC (FR) | 6.4% | 6.2% | −0.2 pts | −114K sh | −18% |
| Exited | COREPOINT LODGING INC (CPLG) | 0.9% | — | −0.9 pts | −278K sh | −100% |
| Reduced | VERIS RESIDENTIAL INC (VRE) | 8.2% | 7.3% | −0.9 pts | −246K sh | −10% |
| Increased | NATIONAL RETAIL PROPERTIES I (NNN) | 5.5% | 6.3% | +0.8 pts | +73,562 sh | +11% |
| Increased | WYNDHAM HOTELS & RESORTS INC (WH) | 2.1% | 2.9% | +0.7 pts | +34,474 sh | +25% |
| Exited | CHATHAM LODGING TR (CLDT) | 0.5% | — | −0.5 pts | −202K sh | −100% |
| Exited | APARTMENT INVT & MGMT CO (AIV) | 0.2% | — | −0.2 pts | −146K sh | −100% |
| Increased | BRIGHTSPIRE CAPITAL INC (BRSP) | 2.0% | 2.2% | +0.2 pts | +82,988 sh | +8% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 74.0% of the equity book
Changes in the top 10 this quarter: EQR entered · NHI entered · ROIC entered · NNN entered · PK entered · FRT left · ELME left · O left · CPT left · MAA left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | APARTMENT INCOME REIT CORP (AIRC) | 7.0% | 9.7% | |
| 2 | EQUITY RESIDENTIAL (EQR) | 0.0% | 9.1% | Entered the top 10 |
| 3 | APPLE HOSPITALITY REIT INC (APLE) | 7.6% | 8.7% | |
| 4 | SUNSTONE HOTEL INVS INC NEW (SHO) | 6.9% | 8.0% | |
| 5 | VERIS RESIDENTIAL INC (VRE) | 8.2% | 7.3% | |
| 6 | NATIONAL HEALTH INVS INC (NHI) | 4.0% | 6.4% | Entered the top 10 |
| 7 | RETAIL OPPORTUNITY INVTS COR (ROIC) | 1.7% | 6.4% | Entered the top 10 |
| 8 | NATIONAL RETAIL PROPERTIES I (NNN) | 5.5% | 6.3% | Entered the top 10 |
| 9 | FIRST INDL RLTY TR INC (FR) | 6.4% | 6.2% | |
| 10 | PARK HOTELS & RESORTS INC (PK) | 0.0% | 5.9% | Entered the top 10 |
| — | FEDERAL RLTY INVT TR (FRT) | 8.1% | 4.1% | Left the top 10 |
| — | WASHINGTON REAL ESTATE INVT (ELME) | 7.8% | 0.0% | Left the top 10 |
| — | REALTY INCOME CORP (O) | 7.2% | 0.0% | Left the top 10 |
| — | CAMDEN PPTY TR (CPT) | 6.6% | 0.0% | Left the top 10 |
| — | MID-AMER APT CMNTYS INC (MAA) | 6.5% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).