RUSH ISLAND MANAGEMENT LP's Q1 2022 13F: 2 new positions, 6 exits
Form 13F-HR for the quarter ended Mar 31, 2022 · filed May 16, 2022 · 15 reported positions · accession 0001214659-22-007025
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | RETAIL OPPORTUNITY INVTS COR (ROIC) | 6.4% | — | −6.4 pts | −1.77M sh | −100% |
| Reduced | APPLE HOSPITALITY REIT INC (APLE) | 8.7% | 5.1% | −3.6 pts | −1.57M sh | −53% |
| Exited | INDEPENDENCE RLTY TR INC (IRT) | 5.6% | — | −5.6 pts | −1.18M sh | −100% |
| Increased | SUNSTONE HOTEL INVS INC NEW (SHO) | 8.0% | 13.5% | +5.5 pts | +1.8M sh | +48% |
| New | REALTY INCOME CORP (O) | — | 4.2% | +4.2 pts | +289K sh | new |
| Exited | INVENTRUST PPTYS CORP (IVT) | 4.0% | — | −4.0 pts | −808K sh | −100% |
| Increased | NATIONAL RETAIL PROPERTIES I (NNN) | 6.3% | 9.8% | +3.5 pts | +339K sh | +47% |
| Exited | WYNDHAM HOTELS & RESORTS INC (WH) | 2.9% | — | −2.9 pts | −174K sh | −100% |
| Increased | APARTMENT INCOME REIT CORP (AIRC) | 9.7% | 13.2% | +3.5 pts | +221K sh | +23% |
| Reduced | PARK HOTELS & RESORTS INC (PK) | 5.9% | 4.5% | −1.3 pts | −575K sh | −34% |
| Reduced | VENTAS INC (VTR) | 4.3% | 3.6% | −0.7 pts | −176K sh | −39% |
| Exited | BOYD GAMING CORP (BYD) | 2.1% | — | −2.1 pts | −179K sh | −100% |
| Increased | VERIS RESIDENTIAL INC (VRE) | 7.3% | 9.9% | +2.6 pts | +570K sh | +26% |
| Increased | NATIONAL HEALTH INVS INC (NHI) | 6.4% | 8.6% | +2.2 pts | +97,695 sh | +16% |
| Exited | NETSTREIT CORP (NTST) | 0.8% | — | −0.8 pts | −185K sh | −100% |
| Increased | BRIGHTSPIRE CAPITAL INC (BRSP) | 2.2% | 2.7% | +0.5 pts | +228K sh | +20% |
| Increased | FIRST INDL RLTY TR INC (FR) | 6.2% | 7.0% | +0.8 pts | +30,710 sh | +6% |
| Reduced | EQUITY RESIDENTIAL (EQR) | 9.1% | 9.9% | +0.8 pts | −20,316 sh | −4% |
| New | VIAD CORP (PRSU) | — | 0.1% | +0.1 pts | +14,771 sh | new |
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
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- FEDERAL RLTY INVT TR NEW (FRT): 313747206 → 313745101, 164K → 307K shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 89.5% of the equity book
Changes in the top 10 this quarter: FRT entered · ROIC left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SUNSTONE HOTEL INVS INC NEW (SHO) | 8.0% | 13.5% | |
| 2 | APARTMENT INCOME REIT CORP (AIRC) | 9.7% | 13.2% | |
| 3 | VERIS RESIDENTIAL INC (VRE) | 7.3% | 9.9% | |
| 4 | EQUITY RESIDENTIAL (EQR) | 9.1% | 9.9% | |
| 5 | NATIONAL RETAIL PROPERTIES I (NNN) | 6.3% | 9.8% | |
| 6 | NATIONAL HEALTH INVS INC (NHI) | 6.4% | 8.6% | |
| 7 | FEDERAL RLTY INVT TR NEW (FRT) | 4.1% | 7.8% | Entered the top 10 |
| 8 | FIRST INDL RLTY TR INC (FR) | 6.2% | 7.0% | |
| 9 | APPLE HOSPITALITY REIT INC (APLE) | 8.7% | 5.1% | |
| 10 | PARK HOTELS & RESORTS INC (PK) | 5.9% | 4.5% | |
| — | RETAIL OPPORTUNITY INVTS COR (ROIC) | 6.4% | 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).