RUSH ISLAND MANAGEMENT LP's Q1 2025 13F: 2 new positions, 2 exits
Form 13F-HR for the quarter ended Mar 31, 2025 · filed May 15, 2025 · 14 reported positions · accession 0001214659-25-007835
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | SBA COMMUNICATIONS CORP NEW (SBAC) | — | 7.7% | +7.7 pts | +548K sh | new |
| Exited | FIRST INDL RLTY TR INC (FR) | 5.5% | — | −5.5 pts | −1.64M sh | −100% |
| Increased | KILROY RLTY CORP (KRC) | 7.3% | 9.3% | +2.0 pts | +1.73M sh | +64% |
| Reduced | HEALTHCARE RLTY TR (HR) | 17.7% | 13.5% | −4.2 pts | −3.15M sh | −20% |
| New | HYATT HOTELS CORP (H) | — | 2.6% | +2.6 pts | +334K sh | new |
| Increased | HOST HOTELS & RESORTS INC (HST) | 6.6% | 6.8% | +0.2 pts | +1.87M sh | +33% |
| Reduced | VENTAS INC (VTR) | 12.1% | 12.0% | −0.2 pts | −363K sh | −12% |
| Reduced | REALTY INCOME CORP (O) | 11.4% | 10.3% | −1.1 pts | −414K sh | −13% |
| Increased | FEDERAL RLTY INVT TR NEW (FRT) | 8.8% | 8.8% | 0.0 pts | +229K sh | +19% |
| Reduced | REXFORD INDL RLTY INC (REXR) | 8.8% | 7.7% | −1.1 pts | −340K sh | −10% |
| Increased | NNN REIT INC (NNN) | 8.2% | 9.0% | +0.8 pts | +303K sh | +10% |
| Reduced | BROOKDALE SR LIVING INC (BKD) | 2.8% | 2.6% | −0.2 pts | −1.84M sh | −22% |
| Increased | SITE CTRS CORP (SITC) | 1.6% | 1.9% | +0.3 pts | +769K sh | +49% |
| Reduced | COUSINS PPTYS INC (CUZ) | 6.1% | 5.2% | −1.0 pts | −270K sh | −9% |
| Exited | NETSTREIT CORP (NTST) | 0.3% | — | −0.3 pts | −371K sh | −100% |
| Increased | APARTMENT INVT & MGMT CO (AIV) | 2.7% | 2.7% | −0.1 pts | +236K 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 — 90.2% of the equity book
Changes in the top 10 this quarter: SBAC entered · FR left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | HEALTHCARE RLTY TR (HR) | 17.7% | 13.5% | |
| 2 | VENTAS INC (VTR) | 12.1% | 12.0% | |
| 3 | REALTY INCOME CORP (O) | 11.4% | 10.3% | |
| 4 | KILROY RLTY CORP (KRC) | 7.3% | 9.3% | |
| 5 | NNN REIT INC (NNN) | 8.2% | 9.0% | |
| 6 | FEDERAL RLTY INVT TR NEW (FRT) | 8.8% | 8.8% | |
| 7 | REXFORD INDL RLTY INC (REXR) | 8.8% | 7.7% | |
| 8 | SBA COMMUNICATIONS CORP NEW (SBAC) | 0.0% | 7.7% | Entered the top 10 |
| 9 | HOST HOTELS & RESORTS INC (HST) | 6.6% | 6.8% | |
| 10 | COUSINS PPTYS INC (CUZ) | 6.1% | 5.2% | |
| — | FIRST INDL RLTY TR INC (FR) | 5.5% | 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).