RUSH ISLAND MANAGEMENT LP's Q3 2023 13F: 7 new positions, 2 exits
Form 13F-HR for the quarter ended Sep 30, 2023 · filed Nov 14, 2023 · 19 reported positions · accession 0001214659-23-014931
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | ESSEX PPTY TR INC (ESS) | 13.1% | — | −13.1 pts | −549K sh | −100% |
| New | SUN CMNTYS INC (SUI) | — | 5.8% | +5.8 pts | +550K sh | new |
| New | VENTAS INC (VTR) | — | 5.1% | +5.1 pts | +1.35M sh | new |
| Increased | HEALTHCARE RLTY TR (HR) | 14.8% | 15.1% | +0.3 pts | +3.35M sh | +44% |
| Increased | EPR PPTYS (EPR) | 0.4% | 3.8% | +3.4 pts | +935K sh | +1023% |
| Increased | DOUGLAS EMMETT INC (DEI) | 1.4% | 4.8% | +3.3 pts | +3.03M sh | +271% |
| New | KILROY RLTY CORP (KRC) | — | 3.2% | +3.2 pts | +1.13M sh | new |
| Exited | BLACK KNIGHT INC (BKI) | 2.9% | — | −2.9 pts | −477K sh | −100% |
| New | VORNADO RLTY TR (VNO) | — | 2.5% | +2.5 pts | +1.23M sh | new |
| Increased | SUNSTONE HOTEL INVS INC NEW (SHO) | 7.6% | 8.0% | +0.4 pts | +2.23M sh | +30% |
| Increased | SIX FLAGS ENTMT CORP NEW (SIX) | 7.4% | 7.3% | −0.1 pts | +669K sh | +24% |
| Increased | SPIRIT RLTY CAP INC NEW (SRC) | 11.0% | 9.5% | −1.5 pts | +411K sh | +15% |
| Increased | NNN REIT INC (NNN) | 10.2% | 8.5% | −1.7 pts | +348K sh | +15% |
| New | OUTFRONT MEDIA INC (OUT) | — | 1.1% | +1.1 pts | +1.2M sh | new |
| Reduced | FEDERAL RLTY INVT TR NEW (FRT) | 8.0% | 5.7% | −2.4 pts | −115K sh | −14% |
| New | PARAMOUNT GROUP INC (PGRE) | — | 0.8% | +0.8 pts | +1.81M sh | new |
| New | WP CAREY INC (WPC) | — | 0.6% | +0.6 pts | +129K sh | new |
| Reduced | APARTMENT INCOME REIT CORP (AIRC) | 9.5% | 6.8% | −2.7 pts | −115K sh | −4% |
| Reduced | PARK HOTELS & RESORTS INC (PK) | 9.2% | 7.6% | −1.6 pts | −185K sh | −3% |
| Increased | CUSHMAN WAKEFIELD PLC (CWK) | 2.9% | 2.5% | −0.4 pts | +147K sh | +4% |
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 — 79.5% of the equity book
Changes in the top 10 this quarter: SUI entered · VTR entered · ESS left · BKI left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | HEALTHCARE RLTY TR (HR) | 14.8% | 15.1% | |
| 2 | SPIRIT RLTY CAP INC NEW (SRC) | 11.0% | 9.5% | |
| 3 | NNN REIT INC (NNN) | 10.2% | 8.5% | |
| 4 | SUNSTONE HOTEL INVS INC NEW (SHO) | 7.6% | 8.0% | |
| 5 | PARK HOTELS & RESORTS INC (PK) | 9.2% | 7.6% | |
| 6 | SIX FLAGS ENTMT CORP NEW (SIX) | 7.4% | 7.3% | |
| 7 | APARTMENT INCOME REIT CORP (AIRC) | 9.5% | 6.8% | |
| 8 | SUN CMNTYS INC (SUI) | 0.0% | 5.8% | Entered the top 10 |
| 9 | FEDERAL RLTY INVT TR NEW (FRT) | 8.0% | 5.7% | |
| 10 | VENTAS INC (VTR) | 0.0% | 5.1% | Entered the top 10 |
| — | ESSEX PPTY TR INC (ESS) | 13.1% | 0.0% | Left the top 10 |
| — | BLACK KNIGHT INC (BKI) | 2.9% | 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 |
|---|---|---|---|---|---|
| Exited | BLACKROCK TCP CAPITAL CORP (TCPC) | Put | 1.02M | 0 | $0 |
| Exited | HOST HOTELS & RESORTS INC (HST) | Put | 1.24M | 0 | $0 |
| Increased | PULTE GROUP INC (PHM) | Put | 260K | 518K | $38.4M |
| New | PROLOGIS INC. (PLD) | Put | 0 | 156K | $17.5M |