VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. — Q3 2025 13F-HR

← VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.

Q3 2025 · 13F-HR

VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.holdings as filed

Filed 2025-11-14 · accession 0001367401-25-000018

$11.20B

Reported value

244

Positions

2025-09-30

Period end

View analyzed profile →PRO

The Brief · VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. · Q3 2025

AI · grounded in 13F

VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. established a new position in BRO valued at $182.8M. The fund closed its entire position in KMX, resulting in a decrease of $89.7M. Additionally, the manager increased its holdings in MHK by 113.69% and LEN by 25.95%.

Holdings as filed

CUSIP	Ticker	Issuer	Value	% port.	Shares	Class	Voting
594918104	MSFT	MICROSOFT CORP COM	$692.9M	6.19%	1,337,826	Common	NONE
02079K305	GOOGL	ALPHABET INC CAP STK CL A	$635.9M	5.68%	2,615,912	Common	NONE
30303M102	META	META PLATFORMS INC CL A	$509.2M	4.55%	693,362	Common	NONE
48251W104	KKR	KKR & CO INC COM	$493.6M	4.41%	3,798,345	Common	NONE
09857L108	BKNG	BOOKING HOLDINGS INC COM	$450.9M	4.03%	83,517	Common	NONE
N6596X109	NXPI	NXP SEMICONDUCTORS N V COM	$425.6M	3.80%	1,869,074	Common	NONE
023135106	AMZN	AMAZON COM INC COM	$388.1M	3.46%	1,767,513	Common	NONE
570535104	MKL	MARKEL GROUP INC COM	$346.4M	3.09%	181,230	Common	NONE
874039100	TSM	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	$305.7M	2.73%	1,094,565	Common	NONE
172967424	C	CITIGROUP INC COM	$285.9M	2.55%	2,817,029	Common	NONE
883556102	TMO	THERMO FISHER SCIENTIFIC INC COM	$250.9M	2.24%	517,264	Common	NONE
537008104	LFUS	LITTELFUSE INC COM	$244.3M	2.18%	943,295	Common	NONE
L8681T102	SPOT	SPOTIFY TECHNOLOGY S A SHS	$228.2M	2.04%	326,999	Common	NONE
67066G104	NVDA	NVIDIA CORPORATION COM	$215.1M	1.92%	1,153,025	Common	SOLE
69370C100	PTC	PTC INC COM	$207.5M	1.85%	1,021,896	Common	NONE
219948106	CPAY	CORPAY INC COM SHS	$192.4M	1.72%	667,990	Common	NONE
92826C839	V	VISA INC COM CL A	$190.7M	1.70%	558,658	Common	NONE
115236101	BRO	BROWN & BROWN INC COM	$182.8M	1.63%	1,949,536	Common	NONE
H1467J104	CB	CHUBB LIMITED COM	$180.5M	1.61%	639,366	Common	NONE
084670702	BRK/B	BERKSHIRE HATHAWAY INC DEL CL B	$165.3M	1.48%	328,716	Common	NONE
037833100	AAPL	APPLE INC COM	$141.5M	1.26%	555,516	Common	SOLE
62944T105	NVR	NVR INC COM	$140.5M	1.25%	17,490	Common	NONE
032654105	ADI	ANALOG DEVICES INC COM	$135.7M	1.21%	552,449	Common	NONE
526057104	LEN	LENNAR CORP CL A	$129.6M	1.16%	1,028,517	Common	NONE
235851102	DHR	DANAHER CORPORATION COM	$116.4M	1.04%	587,262	Common	NONE
084670108	BRK/A	BERKSHIRE HATHAWAY INC DEL CL A	$98.0M	0.88%	130	Common	NONE
11135F101	AVGO	BROADCOM INC COM	$94.2M	0.84%	285,406	Common	SOLE
46625H100	JPM	JPMORGAN CHASE & CO. COM	$68.3M	0.61%	216,674	Common	SOLE
74834L100	DGX	QUEST DIAGNOSTICS INC COM	$65.1M	0.58%	341,653	Common	SOLE
97650W108	WTFC	WINTRUST FINL CORP COM	$62.4M	0.56%	471,234	Common	SOLE
860630102	SF	STIFEL FINL CORP COM	$61.4M	0.55%	541,195	Common	SOLE
608190104	MHK	MOHAWK INDS INC COM	$60.5M	0.54%	469,565	Common	SOLE
117043109	BC	BRUNSWICK CORP COM	$57.5M	0.51%	908,853	Common	SOLE
46187W107	INVH	INVITATION HOMES INC COM	$56.7M	0.51%	1,932,889	Common	SOLE
780087102	RY	ROYAL BK CDA COM	$55.3M	0.49%	271,278	Common	SOLE
17275R102	CSCO	CISCO SYS INC COM	$55.0M	0.49%	804,459	Common	SOLE
29261A100	EHC	ENCOMPASS HEALTH CORP COM	$53.4M	0.48%	420,092	Common	SOLE
58933Y105	MRK	MERCK & CO INC COM	$50.9M	0.45%	606,735	Common	SOLE
09290D101	BLK	BLACKROCK INC COM	$48.2M	0.43%	41,321	Common	SOLE
74340W103	PLD	PROLOGIS INC. COM	$47.3M	0.42%	413,028	Common	SOLE
02665T306	AMH	AMERICAN HOMES 4 RENT CL A	$44.6M	0.40%	1,340,780	Common	SOLE
882508104	TXN	TEXAS INSTRS INC COM	$44.0M	0.39%	239,697	Common	SOLE
29415F104	NVST	ENVISTA HOLDINGS CORPORATION COM	$41.6M	0.37%	2,043,052	Common	SOLE
320517105	FHN	FIRST HORIZON CORPORATION COM	$41.0M	0.37%	1,813,912	Common	SOLE
55024U109	LITE	LUMENTUM HLDGS INC COM	$40.4M	0.36%	248,378	Common	SOLE
31620M106	FIS	FIDELITY NATL INFORMATION SV COM	$39.8M	0.36%	603,873	Common	SOLE
86272C103	STRA	STRATEGIC ED INC COM	$39.5M	0.35%	459,595	Common	SOLE
336433107	FSLR	FIRST SOLAR INC COM	$39.1M	0.35%	177,106	Common	SOLE
624758108	MWA	MUELLER WTR PRODS INC COM SER A	$38.7M	0.35%	1,515,412	Common	SOLE
928298108	VSH	VISHAY INTERTECHNOLOGY INC COM	$37.9M	0.34%	2,479,303	Common	SOLE
896945201	TRIP	TRIPADVISOR INC COM	$37.7M	0.34%	2,321,608	Common	SOLE
713448108	PEP	PEPSICO INC COM	$37.4M	0.33%	266,389	Common	SOLE
532457108	LLY	ELI LILLY & CO COM	$36.9M	0.33%	48,372	Common	SOLE
744573106	PEG	PUBLIC SVC ENTERPRISE GRP IN COM	$35.7M	0.32%	428,211	Common	SOLE
806407102	HSIC	HENRY SCHEIN INC COM	$34.9M	0.31%	525,872	Common	SOLE
681919106	OMC	OMNICOM GROUP INC COM	$34.6M	0.31%	424,661	Common	SOLE
G65431127	NE	NOBLE CORP PLC ORD SHS A	$34.2M	0.31%	1,209,959	Common	SOLE
G5960L103	MDT	MEDTRONIC PLC SHS	$33.5M	0.30%	351,709	Common	SOLE
887389104	TKR	TIMKEN CO COM	$33.4M	0.30%	444,927	Common	SOLE
466313103	JBL	JABIL INC COM	$33.3M	0.30%	153,400	Common	SOLE
N20944109	CNH	CNH INDL N V SHS	$33.0M	0.29%	3,037,877	Common	SOLE
880345103	TNC	TENNANT CO COM	$32.9M	0.29%	406,044	Common	SOLE
127190304	CACI	CACI INTL INC CL A	$32.9M	0.29%	65,936	Common	SOLE
65336K103	NXST	NEXSTAR MEDIA GROUP INC COMMON STOCK	$32.7M	0.29%	165,444	Common	SOLE
00971T101	AKAM	AKAMAI TECHNOLOGIES INC COM	$32.3M	0.29%	426,662	Common	SOLE
553530106	MSM	MSC INDL DIRECT INC CL A	$31.3M	0.28%	340,052	Common	SOLE
871829107	SYY	SYSCO CORP COM	$31.1M	0.28%	377,808	Common	SOLE
29444U700	EQIX	EQUINIX INC COM	$30.9M	0.28%	39,427	Common	NONE
88362T103	THR	THERMON GROUP HLDGS INC COM	$30.1M	0.27%	1,125,050	Common	SOLE
00217Y104	ATS	ATS CORPORATION COM	$29.7M	0.27%	815,678	Common	SOLE
375558103	GILD	GILEAD SCIENCES INC COM	$29.4M	0.26%	264,502	Common	SOLE
052800109	ALV	AUTOLIV INC COM	$28.9M	0.26%	233,933	Common	SOLE
828806109	SPG	SIMON PPTY GROUP INC NEW COM	$28.3M	0.25%	150,721	Common	SOLE
68389X105	ORCL	ORACLE CORP COM	$28.0M	0.25%	99,400	Common	SOLE
436440101	HO1	HOLOGIC INC COM	$27.7M	0.25%	410,844	Common	SOLE
744320102	PRU	PRUDENTIAL FINL INC COM	$27.3M	0.24%	263,030	Common	SOLE
371901109	GNTX	GENTEX CORP COM	$26.2M	0.23%	925,790	Common	SOLE
742718109	PG	PROCTER AND GAMBLE CO COM	$25.9M	0.23%	168,847	Common	SOLE
969457100	WMB	WILLIAMS COS INC COM	$25.7M	0.23%	406,109	Common	SOLE
42250P103	DOC	HEALTHPEAK PROPERTIES INC COM	$25.6M	0.23%	1,337,105	Common	SOLE
85254J102	STAG	STAG INDL INC COM	$24.7M	0.22%	700,264	Common	SOLE
437076102	HD	HOME DEPOT INC COM	$24.6M	0.22%	60,618	Common	SOLE
16411R208	LNG	CHENIERE ENERGY INC COM	$24.0M	0.21%	102,239	Common	SOLE
165167735	EXE	EXPAND ENERGY CORPORATION COM	$24.0M	0.21%	225,897	Common	SOLE
N53745100	LYB	LYONDELLBASELL INDUSTRIES N SHS - A -	$24.0M	0.21%	488,486	Common	SOLE
127387108	CDNS	CADENCE DESIGN SYSTEM INC COM	$22.8M	0.20%	64,913	Common	SOLE
95082P105	WCC	WESCO INTL INC COM	$22.5M	0.20%	106,400	Common	SOLE
060505104	BAC	BANK AMERICA CORP COM	$22.3M	0.20%	433,208	Common	SOLE
G1151C101	ACN	ACCENTURE PLC IRELAND SHS CLASS A	$22.0M	0.20%	89,250	Common	SOLE
92276F100	VTR	VENTAS INC COM	$21.1M	0.19%	301,489	Common	NONE
88160R101	TSLA	TESLA INC COM	$21.0M	0.19%	47,275	Common	SOLE
67077M108	NTR	NUTRIEN LTD COM	$20.9M	0.19%	255,952	Common	SOLE
72346Q104	—	PINNACLE FINL PARTNERS INC COM	$20.8M	0.19%	221,402	Common	SOLE
369604301	GE	GE AEROSPACE COM	$20.5M	0.18%	68,128	Common	SOLE
30225T102	EXR	EXTRA SPACE STORAGE INC COM	$20.1M	0.18%	142,444	Common	NONE
191216100	KO	COCA COLA CO COM	$19.9M	0.18%	300,270	Common	SOLE
98978V103	ZTS	ZOETIS INC CL A	$19.8M	0.18%	135,086	Common	SOLE
053484101	AVB	AVALONBAY CMNTYS INC COM	$19.5M	0.17%	100,980	Common	NONE
654106103	NKE	NIKE INC CL B	$19.5M	0.17%	279,537	Common	SOLE
29364G103	ETR	ENTERGY CORP NEW COM	$19.4M	0.17%	208,202	Common	SOLE
58733R102	MELI	MERCADOLIBRE INC COM	$19.2M	0.17%	8,232	Common	SOLE
244199105	DE	DEERE & CO COM	$19.2M	0.17%	41,934	Common	SOLE
95040Q104	WELL	WELLTOWER INC COM	$18.7M	0.17%	104,909	Common	NONE
31488V107	FERG	FERGUSON ENTERPRISES INC COMMON STOCK	$18.4M	0.16%	81,976	Common	SOLE
G5698W116	LXFR	LUXFER HLDGS PLC SHS	$18.2M	0.16%	1,310,905	Common	SOLE
278865100	ECL	ECOLAB INC COM	$18.1M	0.16%	65,972	Common	SOLE
G54950103	LIN	LINDE PLC SHS	$18.0M	0.16%	37,989	Common	SOLE
756109104	O	REALTY INCOME CORP COM	$18.0M	0.16%	295,823	Common	NONE
64110L106	NFLX	NETFLIX INC COM	$18.0M	0.16%	14,984	Common	SOLE
149123101	CAT	CATERPILLAR INC COM	$17.8M	0.16%	37,307	Common	SOLE
952845105	WFG	WEST FRASER TIMBER CO LTD COM	$17.7M	0.16%	187,134	Common	SOLE
68902V107	OTIS	OTIS WORLDWIDE CORP COM	$16.9M	0.15%	184,657	Common	SOLE
872540109	TJX	TJX COS INC NEW COM	$16.8M	0.15%	116,227	Common	SOLE
194162103	CL	COLGATE PALMOLIVE CO COM	$16.2M	0.14%	203,112	Common	SOLE
69351T106	PPL	PPL CORP COM	$16.1M	0.14%	433,848	Common	SOLE
13646K108	CP	CANADIAN PACIFIC KANSAS CITY COM	$16.0M	0.14%	154,243	Common	SOLE
46120E602	ISRG	INTUITIVE SURGICAL INC COM	$15.5M	0.14%	34,724	Common	SOLE
166764100	CVX	CHEVRON CORP NEW COM	$15.4M	0.14%	99,377	Common	SOLE
57636Q104	MA	MASTERCARD INCORPORATED CL A	$15.2M	0.14%	26,690	Common	SOLE
960413102	WLK	WESTLAKE CORPORATION COM	$15.1M	0.13%	196,043	Common	SOLE
G7496G103	RNR	RENAISSANCERE HLDGS LTD COM	$14.8M	0.13%	58,326	Common	SOLE
87807B107	TRP	TC ENERGY CORP COM	$14.5M	0.13%	192,270	Common	SOLE
718546104	PSX	PHILLIPS 66 COM	$14.5M	0.13%	106,853	Common	SOLE
949746101	WMT2	WELLS FARGO CO NEW COM	$14.4M	0.13%	171,524	Common	SOLE
030420103	AWK	AMERICAN WTR WKS CO INC NEW COM	$13.9M	0.12%	100,196	Common	SOLE
925652109	VICI	VICI PPTYS INC COM	$13.9M	0.12%	427,001	Common	NONE
002824100	ABT	ABBOTT LABS COM	$13.8M	0.12%	102,865	Common	SOLE
313745101	FRT	FEDERAL RLTY INVT TR NEW SH BEN INT	$13.4M	0.12%	132,235	Common	NONE
580135101	MCD	MCDONALDS CORP COM	$13.3M	0.12%	43,639	Common	SOLE
101137107	BSX	BOSTON SCIENTIFIC CORP COM	$13.3M	0.12%	135,779	Common	SOLE
49456B101	KMI	KINDER MORGAN INC DEL COM	$13.1M	0.12%	462,060	Common	SOLE
56585A102	MPC	MARATHON PETE CORP COM	$12.4M	0.11%	64,361	Common	SOLE
05722G100	BKR	BAKER HUGHES COMPANY CL A	$12.2M	0.11%	249,502	Common	SOLE
025537101	AEP	AMERICAN ELEC PWR CO INC COM	$12.1M	0.11%	107,960	Common	SOLE
529043101	LXPUSD	LXP INDUSTRIAL TRUST COM	$12.1M	0.11%	1,348,639	Common	NONE
03076C106	AMP	AMERIPRISE FINL INC COM	$12.0M	0.11%	24,381	Common	SOLE
697435105	PANW	PALO ALTO NETWORKS INC COM	$11.9M	0.11%	58,514	Common	SOLE
78409V104	SPGI	S&P GLOBAL INC COM	$11.6M	0.10%	23,913	Common	SOLE
431284108	HIW	HIGHWOODS PPTYS INC COM	$11.6M	0.10%	364,462	Common	NONE
655844108	NSC	NORFOLK SOUTHN CORP COM	$11.6M	0.10%	38,604	Common	SOLE
219798105	QDEL	QUIDELORTHO CORP COM	$11.6M	0.10%	393,319	Common	SOLE
874054109	TTWO	TAKE-TWO INTERACTIVE SOFTWAR COM	$11.6M	0.10%	44,809	Common	SOLE
285512109	EA	ELECTRONIC ARTS INC COM	$11.5M	0.10%	57,143	Common	SOLE
290876101	EMA	EMERA INC COM	$11.4M	0.10%	171,031	Common	SOLE
00287Y109	ABBV	ABBVIE INC COM	$11.4M	0.10%	49,194	Common	SOLE
032095101	APH	AMPHENOL CORP NEW CL A	$11.2M	0.10%	90,824	Common	SOLE
016255101	ALGN	ALIGN TECHNOLOGY INC COM	$11.2M	0.10%	89,438	Common	SOLE
74460D109	PSA	PUBLIC STORAGE OPER CO COM	$11.1M	0.10%	38,543	Common	SOLE
45866F104	ICE	INTERCONTINENTAL EXCHANGE IN COM	$11.1M	0.10%	65,898	Common	SOLE
12504L109	CBRE	CBRE GROUP INC CL A	$11.1M	0.10%	70,404	Common	SOLE
03027X100	AMT	AMERICAN TOWER CORP NEW COM	$11.0M	0.10%	57,228	Common	SOLE
98850P109	YUMC	YUM CHINA HLDGS INC COM	$10.8M	0.10%	251,981	Common	SOLE
743315103	PGR	PROGRESSIVE CORP COM	$10.7M	0.10%	43,502	Common	SOLE
79466L302	CRM	SALESFORCE INC COM	$10.7M	0.10%	45,036	Common	SOLE
00790R104	WMS	ADVANCED DRAIN SYS INC DEL COM	$10.6M	0.09%	76,576	Common	SOLE
11271J107	BN	BROOKFIELD CORP CL A LTD VT SH	$10.5M	0.09%	110,443	Common	SOLE
701094104	PH	PARKER-HANNIFIN CORP COM	$10.4M	0.09%	13,705	Common	SOLE
28176E108	EW	EDWARDS LIFESCIENCES CORP COM	$10.3M	0.09%	132,300	Common	SOLE
46266C105	IQV	IQVIA HLDGS INC COM	$9.8M	0.09%	51,840	Common	SOLE
907818108	UNP	UNION PAC CORP COM	$9.7M	0.09%	41,157	Common	SOLE
22160K105	COST	COSTCO WHSL CORP NEW COM	$9.5M	0.09%	10,312	Common	SOLE
775711104	ROL	ROLLINS INC COM	$9.4M	0.08%	160,159	Common	SOLE
670346105	NUE	NUCOR CORP COM	$9.4M	0.08%	69,106	Common	SOLE
337932107	FE	FIRSTENERGY CORP COM	$9.3M	0.08%	203,073	Common	SOLE
571748102	MRSH	MARSH & MCLENNAN COS INC COM	$9.3M	0.08%	46,134	Common	SOLE
11135E203	BNL	BROADSTONE NET LEASE INC COM	$9.0M	0.08%	505,861	Common	NONE
254687106	DIS	DISNEY WALT CO COM	$8.9M	0.08%	78,052	Common	SOLE
65339F101	NEE	NEXTERA ENERGY INC COM	$8.9M	0.08%	117,511	Common	SOLE
11133T103	BR	BROADRIDGE FINL SOLUTIONS IN COM	$8.8M	0.08%	37,051	Common	SOLE
018802108	LNT	ALLIANT ENERGY CORP COM	$8.7M	0.08%	128,520	Common	SOLE
842587107	SO	SOUTHERN CO COM	$8.6M	0.08%	90,567	Common	SOLE
64110D104	NTAP	NETAPP INC COM	$8.4M	0.07%	70,604	Common	SOLE
863667101	SYK	STRYKER CORPORATION COM	$8.3M	0.07%	22,465	Common	SOLE
12572Q105	CME	CME GROUP INC COM	$8.3M	0.07%	30,730	Common	SOLE
91324P102	UNH	UNITEDHEALTH GROUP INC COM	$8.2M	0.07%	23,697	Common	SOLE
040413205	ANET	ARISTA NETWORKS INC COM SHS	$8.2M	0.07%	56,089	Common	SOLE
015271109	ARE	ALEXANDRIA REAL ESTATE EQ IN COM	$8.1M	0.07%	97,554	Common	NONE
824348106	SHW	SHERWIN WILLIAMS CO COM	$8.0M	0.07%	23,247	Common	SOLE
81762P102	NOW	SERVICENOW INC COM	$7.9M	0.07%	8,543	Common	SOLE
G9087Q102	TROX	TRONOX HOLDINGS PLC SHS	$7.8M	0.07%	1,949,096	Common	SOLE
053332102	AZO	AUTOZONE INC COM	$7.8M	0.07%	1,817	Common	SOLE
165303108	CPK	CHESAPEAKE UTILS CORP COM	$7.7M	0.07%	56,917	Common	SOLE
670837103	OGE	OGE ENERGY CORP COM	$7.6M	0.07%	164,155	Common	SOLE
69349H107	TXNM	TXNM ENERGY INC COM	$7.4M	0.07%	130,043	Common	SOLE
902252105	TYL	TYLER TECHNOLOGIES INC COM	$7.3M	0.07%	14,014	Common	SOLE
512807306	LRCX	LAM RESEARCH CORP COM	$7.2M	0.06%	53,564	Common	SOLE
426281101	JKHY	HENRY JACK & ASSOC INC COM	$7.1M	0.06%	47,361	Common	SOLE
55277P104	MGEE	MGE ENERGY INC COM	$7.0M	0.06%	83,736	Common	SOLE
H2906T109	GRMN	GARMIN LTD SHS	$7.0M	0.06%	28,406	Common	SOLE
45167R104	IEX	IDEX CORP COM	$6.9M	0.06%	42,559	Common	SOLE
87612G101	TRGP	TARGA RES CORP COM	$6.9M	0.06%	40,987	Common	SOLE
681936100	OHI	OMEGA HEALTHCARE INVS INC COM	$6.8M	0.06%	161,129	Common	NONE
46284V101	IRM	IRON MTN INC DEL COM	$6.8M	0.06%	66,559	Common	NONE
446150104	HBAN	HUNTINGTON BANCSHARES INC COM	$6.7M	0.06%	385,255	Common	SOLE
526107107	LII	LENNOX INTL INC COM	$6.5M	0.06%	12,270	Common	SOLE
G8994E103	TT	TRANE TECHNOLOGIES PLC SHS	$6.2M	0.06%	14,768	Common	SOLE
038222105	AMAT	APPLIED MATLS INC COM	$6.1M	0.05%	29,905	Common	SOLE
126408103	CSX	CSX CORP COM	$6.1M	0.05%	171,250	Common	SOLE
227046109	CROX	CROCS INC COM	$6.0M	0.05%	72,362	Common	SOLE
G7S00T104	PNR	PENTAIR PLC SHS	$6.0M	0.05%	53,951	Common	SOLE
303075105	FDS	FACTSET RESH SYS INC COM	$5.9M	0.05%	20,641	Common	SOLE
833034101	SNA	SNAP ON INC COM	$5.6M	0.05%	16,274	Common	SOLE
884903808	TRI4EUR	THOMSON REUTERS CORP COM	$5.3M	0.05%	34,133	Common	SOLE
76169C100	REXR	REXFORD INDL RLTY INC COM	$5.3M	0.05%	127,788	Common	NONE
693718108	PCAR	PACCAR INC COM	$5.2M	0.05%	52,646	Common	SOLE
03784Y200	APLE	APPLE HOSPITALITY REIT INC COM	$4.9M	0.04%	411,919	Common	NONE
89346D107	TAC	TRANSALTA CORP COM	$4.3M	0.04%	224,420	Common	SOLE
42226K105	HR	HEALTHCARE RLTY TR CL A COM	$4.2M	0.04%	234,021	Common	NONE
184496107	CLH	CLEAN HARBORS INC COM	$4.0M	0.04%	17,222	Common	SOLE
125269100	CF	CF INDS HLDGS INC COM	$3.7M	0.03%	41,569	Common	SOLE
760759100	RSG	REPUBLIC SVCS INC COM	$3.7M	0.03%	16,103	Common	SOLE
75886F107	REGN	REGENERON PHARMACEUTICALS COM	$3.6M	0.03%	6,318	Common	SOLE
784305104	HTO	H2O AMERICA COM	$3.5M	0.03%	71,016	Common	SOLE
253868103	DLR	DIGITAL RLTY TR INC COM	$3.2M	0.03%	18,692	Common	NONE
229663109	CUBE	CUBESMART COM	$3.0M	0.03%	73,556	Common	NONE
554382101	MAC	MACERICH CO COM	$2.7M	0.02%	145,876	Common	NONE
758849103	REG	REGENCY CTRS CORP COM	$2.6M	0.02%	35,553	Common	NONE
44107P104	HST	HOST HOTELS & RESORTS INC COM	$2.5M	0.02%	146,734	Common	NONE
893870204	TGS	TRANSPORTADORA DE GAS SUR SPONSORED ADS B	$2.4M	0.02%	112,705	Common	SOLE
402635502	GPOR	GULFPORT ENERGY CORP COMMON SHARES	$2.0M	0.02%	11,322	Common	SOLE
12008R107	BLDR	BUILDERS FIRSTSOURCE INC COM	$2.0M	0.02%	16,584	Common	SOLE
29670G102	WTRG	ESSENTIAL UTILS INC COM	$1.8M	0.02%	44,988	Common	SOLE
260003108	DOV	DOVER CORP COM	$1.7M	0.02%	10,224	Common	SOLE
036752103	ELV	ELEVANCE HEALTH INC FORMERLY COM	$1.6M	0.01%	5,040	Common	SOLE
110122108	BMY	BRISTOL-MYERS SQUIBB CO COM	$1.6M	0.01%	35,500	Common	SOLE
775109200	RCI	ROGERS COMMUNICATIONS INC CL B	$1.6M	0.01%	45,982	Common	SOLE
934423104	WBD	WARNER BROS DISCOVERY INC COM SER A	$1.5M	0.01%	77,709	Common	SOLE
03064D108	COLD	AMERICOLD REALTY TRUST INC COM	$1.5M	0.01%	123,439	Common	NONE
398182303	AHR	AMERICAN HEALTHCARE REIT INC COM SHS	$1.5M	0.01%	34,911	Common	NONE
252784301	DRH	DIAMONDROCK HOSPITALITY CO COM	$1.3M	0.01%	159,148	Common	SOLE
G9460G101	VAL	VALARIS LTD CL A	$1.1M	0.01%	23,329	Common	SOLE
69331C108	PCG	PG&E CORP COM	$851,130	0.01%	56,441	Common	SOLE
88642R109	TDW	TIDEWATER INC NEW COM	$812,536	0.01%	15,236	Common	SOLE
58155Q103	MCK	MCKESSON CORP COM	$406,356	0.00%	526	Common	SOLE
46124J201	IVT	INVENTRUST PPTYS CORP COM	$328,443	0.00%	11,476	Common	NONE
444859102	HUM	HUMANA INC COM	$263,552	0.00%	1,013	Common	SOLE
651639106	NEM	NEWMONT CORP COM	$211,534	0.00%	2,509	Common	SOLE
866674104	SUI	SUN CMNTYS INC COM	$178,020	0.00%	1,380	Common	NONE
00724F101	ADBE	ADOBE INC COM	$164,734	0.00%	467	Common	SOLE
35137L204	FOX	FOX CORP CL B COM	$132,741	0.00%	2,317	Common	SOLE
461202103	INTU	INTUIT COM	$105,168	0.00%	154	Common	SOLE
92532F100	VRTX	VERTEX PHARMACEUTICALS INC COM	$94,385	0.00%	241	Common	SOLE
33767E202	FSV	FIRSTSERVICE CORP NEW COM	$64,013	0.00%	336	Common	SOLE
550021109	LULU	LULULEMON ATHLETICA INC COM	$38,789	0.00%	218	Common	SOLE

Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.