RUSH ISLAND MANAGEMENT LP's Q4 2023 13F: 2 new positions, 7 exits
Form 13F-HR for the quarter ended Dec 31, 2023 · filed Feb 14, 2024 · 14 reported positions · accession 0001214659-24-002834
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | REALTY INCOME CORP (O) | — | 17.4% | +17.4 pts | +3.34M sh | new |
| Exited | SPIRIT RLTY CAP INC NEW (SRC) | 9.5% | — | −9.5 pts | −3.15M sh | −100% |
| Increased | NNN REIT INC (NNN) | 8.5% | 17.7% | +9.2 pts | +1.84M sh | +69% |
| Exited | APARTMENT INCOME REIT CORP (AIRC) | 6.8% | — | −6.8 pts | −2.48M sh | −100% |
| Reduced | PARK HOTELS & RESORTS INC (PK) | 7.6% | 3.8% | −3.8 pts | −4.11M sh | −60% |
| Exited | EPR PPTYS (EPR) | 3.8% | — | −3.8 pts | −1.03M sh | −100% |
| Exited | KILROY RLTY CORP (KRC) | 3.2% | — | −3.2 pts | −1.13M sh | −100% |
| Exited | VORNADO RLTY TR (VNO) | 2.5% | — | −2.5 pts | −1.23M sh | −100% |
| Reduced | SIX FLAGS ENTMT CORP NEW (SIX) | 7.3% | 5.6% | −1.7 pts | −994K sh | −29% |
| New | SITE CTRS CORP (SITC) | — | 1.8% | +1.8 pts | +1.42M sh | new |
| Reduced | DOUGLAS EMMETT INC (DEI) | 4.8% | 3.7% | −1.0 pts | −1.34M sh | −32% |
| Increased | HEALTHCARE RLTY TR (HR) | 15.1% | 19.0% | +3.9 pts | +1.11M sh | +10% |
| Reduced | VENTAS INC (VTR) | 5.1% | 4.6% | −0.5 pts | −334K sh | −25% |
| Reduced | SUN CMNTYS INC (SUI) | 5.8% | 5.3% | −0.6 pts | −116K sh | −21% |
| Exited | OUTFRONT MEDIA INC (OUT) | 1.1% | — | −1.1 pts | −1.2M sh | −100% |
| Exited | PARAMOUNT GROUP INC (PGRE) | 0.8% | — | −0.8 pts | −1.81M sh | −100% |
| Reduced | CUSHMAN WAKEFIELD PLC (CWK) | 2.5% | 2.8% | +0.3 pts | −732K sh | −20% |
| Increased | WP CAREY INC (WPC) | 0.6% | 1.2% | +0.6 pts | +82,208 sh | +63% |
| Reduced | SUNSTONE HOTEL INVS INC NEW (SHO) | 8.0% | 8.9% | +0.9 pts | −442K sh | −5% |
| Increased | FEDERAL RLTY INVT TR NEW (FRT) | 5.7% | 6.9% | +1.2 pts | +39,400 sh | +6% |
| Reduced | INVENTRUST PPTYS CORP (IVT) | 1.3% | 1.3% | −0.1 pts | −71,708 sh | −12% |
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 — 92.9% of the equity book
Changes in the top 10 this quarter: O entered · DEI entered · SRC left · AIRC left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | HEALTHCARE RLTY TR (HR) | 15.1% | 19.0% | |
| 2 | NNN REIT INC (NNN) | 8.5% | 17.7% | |
| 3 | REALTY INCOME CORP (O) | 0.0% | 17.4% | Entered the top 10 |
| 4 | SUNSTONE HOTEL INVS INC NEW (SHO) | 8.0% | 8.9% | |
| 5 | FEDERAL RLTY INVT TR NEW (FRT) | 5.7% | 6.9% | |
| 6 | SIX FLAGS ENTMT CORP NEW (SIX) | 7.3% | 5.6% | |
| 7 | SUN CMNTYS INC (SUI) | 5.8% | 5.3% | |
| 8 | VENTAS INC (VTR) | 5.1% | 4.6% | |
| 9 | PARK HOTELS & RESORTS INC (PK) | 7.6% | 3.8% | |
| 10 | DOUGLAS EMMETT INC (DEI) | 4.8% | 3.7% | Entered the top 10 |
| — | SPIRIT RLTY CAP INC NEW (SRC) | 9.5% | 0.0% | Left the top 10 |
| — | APARTMENT INCOME REIT CORP (AIRC) | 6.8% | 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 |
|---|---|---|---|---|---|
| New | PROLOGIS INC. (PLD) | Put | 0 | 807K | $108M |
| New | D R HORTON INC (DHI) | Put | 0 | 652K | $99.1M |
| Exited | PULTE GROUP INC (PHM) | Put | 518K | 0 | $0 |
| Exited | PROLOGIS INC. (PLD) | Put | 156K | 0 | $0 |
| Exited | D R HORTON INC (DHI) | Put | 130K | 0 | $0 |