RUSH ISLAND MANAGEMENT LP's Q4 2025 13F: 4 new positions, 4 exits
Form 13F-HR for the quarter ended Dec 31, 2025 · filed Feb 17, 2026 · 17 reported positions · accession 0001214659-26-001981
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | UDR INC (UDR) | — | 8.2% | +8.2 pts | +3.57M sh | new |
| Exited | HYATT HOTELS CORP (H) | 5.9% | — | −5.9 pts | −605K sh | −100% |
| Increased | SBA COMMUNICATIONS CORP NEW (SBAC) | 12.5% | 14.2% | +1.7 pts | +234K sh | +25% |
| Exited | SUNSTONE HOTEL INVS INC NEW (SHO) | 2.4% | — | −2.4 pts | −3.71M sh | −100% |
| New | AMERICOLD REALTY TRUST INC (COLD) | — | 2.4% | +2.4 pts | +2.93M sh | new |
| New | NATIONAL STORAGE AFFILIATES (NSA) | — | 2.1% | +2.1 pts | +1.2M sh | new |
| Increased | NNN REIT INC (NNN) | 9.0% | 9.5% | +0.5 pts | +763K sh | +25% |
| Exited | LINEAGE INC (LINE) | 1.4% | — | −1.4 pts | −514K sh | −100% |
| Increased | HEALTHCARE RLTY TR (HR) | 9.6% | 9.5% | −0.1 pts | +1.2M sh | +15% |
| New | SMARTSTOP SELF STORAG REIT I (SMA) | — | 1.0% | +1.0 pts | +506K sh | new |
| Increased | ESSEX PPTY TR INC (ESS) | 10.9% | 10.4% | −0.5 pts | +43,103 sh | +7% |
| Increased | SIX FLAGS ENTERTAINMENT CORP (SIX) | 0.8% | 1.1% | +0.4 pts | +694K sh | +142% |
| Reduced | VENTAS INC (VTR) | 8.5% | 7.9% | −0.6 pts | −137K sh | −8% |
| Exited | HUT 8 CORP (HUT) | 0.4% | — | −0.4 pts | −159K sh | −100% |
| Reduced | KILROY RLTY CORP (KRC) | 8.1% | 6.2% | −1.9 pts | −158K sh | −6% |
| Reduced | REALTY INCOME CORP (O) | 8.7% | 7.1% | −1.6 pts | −81,329 sh | −4% |
| Increased | SITE CTRS CORP (SITC) | 2.1% | 1.6% | −0.5 pts | +659K sh | +20% |
| Reduced | FEDERAL RLTY INVT TR NEW (FRT) | 9.1% | 8.1% | −1.0 pts | −26,393 sh | −2% |
| Increased | FIRST INDL RLTY TR INC (FR) | 7.2% | 7.4% | +0.2 pts | +25,713 sh | +1% |
| Increased | CURBLINE PPTYS CORP (CURB) | 1.2% | 1.1% | −0.1 pts | +686 sh | 0% |
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 — 88.5% of the equity book
Changes in the top 10 this quarter: UDR entered · H left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SBA COMMUNICATIONS CORP NEW (SBAC) | 12.5% | 14.2% | |
| 2 | ESSEX PPTY TR INC (ESS) | 10.9% | 10.4% | |
| 3 | HEALTHCARE RLTY TR (HR) | 9.6% | 9.5% | |
| 4 | NNN REIT INC (NNN) | 9.0% | 9.5% | |
| 5 | UDR INC (UDR) | 0.0% | 8.2% | Entered the top 10 |
| 6 | FEDERAL RLTY INVT TR NEW (FRT) | 9.1% | 8.1% | |
| 7 | VENTAS INC (VTR) | 8.5% | 7.9% | |
| 8 | FIRST INDL RLTY TR INC (FR) | 7.2% | 7.4% | |
| 9 | REALTY INCOME CORP (O) | 8.7% | 7.1% | |
| 10 | KILROY RLTY CORP (KRC) | 8.1% | 6.2% | |
| — | HYATT HOTELS CORP (H) | 5.9% | 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).