RUSH ISLAND MANAGEMENT LP's Q1 2024 13F: 4 new positions, 3 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 15, 2024 · 15 reported positions · accession 0001214659-24-009314
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | NNN REIT INC (NNN) | 17.7% | 10.4% | −7.3 pts | −1.73M sh | −38% |
| Exited | SUN CMNTYS INC (SUI) | 5.3% | — | −5.3 pts | −434K sh | −100% |
| Increased | WP CAREY INC (WPC) | 1.2% | 6.1% | +4.8 pts | +1.02M sh | +483% |
| Increased | FEDERAL RLTY INVT TR NEW (FRT) | 6.9% | 11.5% | +4.6 pts | +557K sh | +75% |
| Increased | HEALTHCARE RLTY TR (HR) | 19.0% | 19.5% | +0.6 pts | +3.77M sh | +31% |
| Increased | SITE CTRS CORP (SITC) | 1.8% | 5.7% | +4.0 pts | +3.06M sh | +215% |
| Exited | PARK HOTELS & RESORTS INC (PK) | 3.8% | — | −3.8 pts | −2.73M sh | −100% |
| Exited | DOUGLAS EMMETT INC (DEI) | 3.7% | — | −3.7 pts | −2.82M sh | −100% |
| New | VERIS RESIDENTIAL INC (VRE) | — | 2.9% | +2.9 pts | +2.17M sh | new |
| Increased | VENTAS INC (VTR) | 4.6% | 6.5% | +1.9 pts | +707K sh | +70% |
| New | NETSTREIT CORP (NTST) | — | 1.6% | +1.6 pts | +1.02M sh | new |
| New | AMERICOLD REALTY TRUST INC (COLD) | — | 1.2% | +1.2 pts | +560K sh | new |
| Reduced | SIX FLAGS ENTMT CORP NEW (SIX) | 5.6% | 4.6% | −1.1 pts | −475K sh | −19% |
| New | BROOKDALE SR LIVING INC (BKD) | — | 0.8% | +0.8 pts | +1.43M sh | new |
| Increased | REALTY INCOME CORP (O) | 17.4% | 16.3% | −1.2 pts | +113K sh | +3% |
| Increased | SUNSTONE HOTEL INVS INC NEW (SHO) | 8.9% | 9.1% | +0.2 pts | +299K sh | +3% |
| Reduced | CUSHMAN WAKEFIELD PLC (CWK) | 2.8% | 2.5% | −0.3 pts | −115K sh | −4% |
| Increased | INVENTRUST PPTYS CORP (IVT) | 1.3% | 1.3% | 0.0 pts | +26,300 sh | +5% |
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 — 92.6% of the equity book
Changes in the top 10 this quarter: WPC entered · SITC entered · VRE entered · SUI left · PK left · DEI left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | HEALTHCARE RLTY TR (HR) | 19.0% | 19.5% | |
| 2 | REALTY INCOME CORP (O) | 17.4% | 16.3% | |
| 3 | FEDERAL RLTY INVT TR NEW (FRT) | 6.9% | 11.5% | |
| 4 | NNN REIT INC (NNN) | 17.7% | 10.4% | |
| 5 | SUNSTONE HOTEL INVS INC NEW (SHO) | 8.9% | 9.1% | |
| 6 | VENTAS INC (VTR) | 4.6% | 6.5% | |
| 7 | WP CAREY INC (WPC) | 1.2% | 6.1% | Entered the top 10 |
| 8 | SITE CTRS CORP (SITC) | 1.8% | 5.7% | Entered the top 10 |
| 9 | SIX FLAGS ENTMT CORP NEW (SIX) | 5.6% | 4.6% | |
| 10 | VERIS RESIDENTIAL INC (VRE) | 0.0% | 2.9% | Entered the top 10 |
| — | SUN CMNTYS INC (SUI) | 5.3% | 0.0% | Left the top 10 |
| — | PARK HOTELS & RESORTS INC (PK) | 3.8% | 0.0% | Left the top 10 |
| — | DOUGLAS EMMETT INC (DEI) | 3.7% | 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 |
|---|---|---|---|---|---|
| Reduced | PROLOGIS INC. (PLD) | Put | 807K | 37,700 | $4.91M |
| Exited | D R HORTON INC (DHI) | Put | 652K | 0 | $0 |