RUSH ISLAND MANAGEMENT LP's Q4 2022 13F: 4 new positions, 3 exits
Form 13F-HR for the quarter ended Dec 31, 2022 · filed Feb 14, 2023 · 14 reported positions · accession 0001214659-23-002421
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | FIRST INDL RLTY TR INC (FR) | — | 9.4% | +9.4 pts | +1.1M sh | new |
| Exited | EPR PPTYS (EPR) | 8.9% | — | −8.9 pts | −1.13M sh | −100% |
| New | SIX FLAGS ENTMT CORP NEW (SIX) | — | 5.9% | +5.9 pts | +1.43M sh | new |
| Increased | APARTMENT INCOME REIT CORP (AIRC) | 16.8% | 16.9% | +0.1 pts | +800K sh | +40% |
| New | EXPEDIA GROUP INC (EXPE) | — | 3.8% | +3.8 pts | +244K sh | new |
| Exited | VENTAS INC (VTR) | 3.1% | — | −3.1 pts | −354K sh | −100% |
| New | GLOBAL MED REIT INC (GMRE) | — | 2.9% | +2.9 pts | +1.73M sh | new |
| Reduced | PARK HOTELS & RESORTS INC (PK) | 16.3% | 12.3% | −4.0 pts | −716K sh | −11% |
| New |
MASTERBRAND INC (MBC)
new — newly listed security (e.g. spin-off)
|
— | 1.5% | +1.5 pts | +1.1M sh | new |
| Increased | INVENTRUST PPTYS CORP (IVT) | 1.8% | 3.1% | +1.3 pts | +346K sh | +89% |
| Exited | BROOKDALE SR LIVING INC (BKD) | 1.4% | — | −1.4 pts | −1.48M sh | −100% |
| Reduced | KILROY RLTY CORP (KRC) | 4.5% | 2.8% | −1.7 pts | −78,113 sh | −16% |
| Reduced | FEDERAL RLTY INVT TR NEW (FRT) | 16.6% | 14.5% | −2.0 pts | −24,191 sh | −3% |
| Reduced | NATIONAL RETAIL PROPERTIES I (NNN) | 10.0% | 8.8% | −1.2 pts | −50,831 sh | −4% |
| Increased | SPIRIT RLTY CAP INC NEW (SRC) | 11.3% | 10.2% | −1.0 pts | +27,930 sh | +2% |
| Increased | SUNSTONE HOTEL INVS INC NEW (SHO) | 9.3% | 7.8% | −1.5 pts | +57,190 sh | +1% |
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 — 92.8% of the equity book
Changes in the top 10 this quarter: FR entered · SIX entered · EXPE entered · EPR left · KRC left · VTR left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | APARTMENT INCOME REIT CORP (AIRC) | 16.8% | 16.9% | |
| 2 | FEDERAL RLTY INVT TR NEW (FRT) | 16.6% | 14.5% | |
| 3 | PARK HOTELS & RESORTS INC (PK) | 16.3% | 12.3% | |
| 4 | SPIRIT RLTY CAP INC NEW (SRC) | 11.3% | 10.2% | |
| 5 | FIRST INDL RLTY TR INC (FR) | 0.0% | 9.4% | Entered the top 10 |
| 6 | NATIONAL RETAIL PROPERTIES I (NNN) | 10.0% | 8.8% | |
| 7 | SUNSTONE HOTEL INVS INC NEW (SHO) | 9.3% | 7.8% | |
| 8 | SIX FLAGS ENTMT CORP NEW (SIX) | 0.0% | 5.9% | Entered the top 10 |
| 9 | EXPEDIA GROUP INC (EXPE) | 0.0% | 3.8% | Entered the top 10 |
| 10 | INVENTRUST PPTYS CORP (IVT) | 1.8% | 3.1% | |
| — | EPR PPTYS (EPR) | 8.9% | 0.0% | Left the top 10 |
| — | KILROY RLTY CORP (KRC) | 4.5% | 2.8% | Left the top 10 |
| — | VENTAS INC (VTR) | 3.1% | 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).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Increased | HOST HOTELS & RESORTS INC (HST) | Put | 757K | 2.7M | $43.4M |