VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. — Q1 2026 13F-HR

← VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.

Q1 2026 · 13F-HR

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

Filed 2026-05-15 · accession 0001367401-26-000002

$11.40B

Reported value

240

Positions

2026-03-31

Period end

View analyzed profile →PRO

The Brief · VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. · Q1 2026

AI · grounded in 13F

VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. increased its position in BAC by 226.77%. The fund also accumulated shares in SPOT and BKNG, increasing those holdings by 61.05% and 44.70% respectively. On the sell side, the manager trimmed its stake in DHR by 91.18% and reduced its holding in RY by 52.65%.

Holdings as filed

CUSIP	Ticker	Issuer	Value	% port.	Shares	Class	Voting
594918104	MSFT	MICROSOFT CORP COM	$647.8M	5.68%	1,749,983	Common	NONE
02079K305	GOOGL	ALPHABET INC CAP STK CL A	$568.4M	4.99%	1,976,651	Common	NONE
09857L108	BKNG	BOOKING HOLDINGS INC COM	$562.2M	4.93%	133,538	Common	NONE
N6596X109	NXPI	NXP SEMICONDUCTORS N V COM	$543.2M	4.76%	2,759,171	Common	NONE
570535104	MKL	MARKEL GROUP INC COM	$432.9M	3.80%	226,148	Common	NONE
30303M102	META	META PLATFORMS INC CL A	$431.1M	3.78%	753,583	Common	NONE
48251W104	KKR	KKR & CO INC COM	$401.8M	3.52%	4,343,729	Common	NONE
115236101	BRO	BROWN & BROWN INC COM	$382.9M	3.36%	5,871,215	Common	NONE
023135106	AMZN	AMAZON COM INC COM	$371.3M	3.26%	1,782,896	Common	NONE
537008104	LFUS	LITTELFUSE INC COM	$333.5M	2.92%	982,714	Common	NONE
L8681T102	SPOT	SPOTIFY TECHNOLOGY S A SHS	$329.3M	2.89%	679,011	Common	NONE
874039100	TSM	TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS	$321.9M	2.82%	952,622	Common	NONE
219948106	CPAY	CORPAY INC COM SHS	$265.4M	2.33%	912,107	Common	NONE
526057104	LEN	LENNAR CORP CL A	$231.2M	2.03%	2,662,147	Common	NONE
883556102	TMO	THERMO FISHER SCIENTIFIC INC COM	$216.6M	1.90%	440,724	Common	NONE
H1467J104	CB	CHUBB LTD SWITZ COM	$212.6M	1.86%	652,205	Common	NONE
69370C100	PTC	PTC INC COM	$208.8M	1.83%	1,465,377	Common	NONE
67066G104	NVDA	NVIDIA CORPORATION COM	$186.9M	1.64%	1,071,854	Common	SOLE
92826C839	V	VISA INC COM CL A	$179.6M	1.58%	594,262	Common	NONE
084670702	BRK/B	BERKSHIRE HATHAWAY INC DEL CL B NEW	$159.7M	1.40%	333,365	Common	NONE
037833100	AAPL	APPLE INC COM	$143.2M	1.26%	564,361	Common	SOLE
98978V103	ZTS	ZOETIS INC CL A	$124.2M	1.09%	1,050,678	Common	NONE
62944T105	NVR	NVR INC COM	$116.9M	1.03%	17,736	Common	NONE
032654105	ADI	ANALOG DEVICES INC COM	$112.8M	0.99%	354,484	Common	NONE
G4705A100	ICLR	ICON PLC SHS	$101.7M	0.89%	918,713	Common	NONE
084670108	BRK/A	BERKSHIRE HATHAWAY INC DEL CL A	$93.4M	0.82%	130	Common	NONE
11135F101	AVGO	BROADCOM INC COM	$77.1M	0.68%	248,986	Common	SOLE
060505104	BAC	BANK AMERICA CORP COM	$66.0M	0.58%	1,354,598	Common	SOLE
58933Y105	MRK	MERCK & CO INC COM	$62.9M	0.55%	522,959	Common	SOLE
46625H100	JPM	JPMORGAN CHASE & CO COM	$61.3M	0.54%	208,383	Common	SOLE
742718109	PG	PROCTER & GAMBLE CO COM	$57.8M	0.51%	400,329	Common	SOLE
74340W103	PLD	PROLOGIS INC. COM	$54.1M	0.47%	409,238	Common	SOLE
713448108	PEP	PEPSICO INC COM	$52.8M	0.46%	339,748	Common	SOLE
466313103	JBL	JABIL INC COM	$52.2M	0.46%	196,416	Common	SOLE
95082P105	WCC	WESCO INTL INC COM	$52.0M	0.46%	189,951	Common	SOLE
74834L100	DGX	QUEST DIAGNOSTICS INC COM	$50.2M	0.44%	256,298	Common	SOLE
46187W107	INVH	INVITATION HOMES INC COM	$49.5M	0.43%	1,993,191	Common	SOLE
127190304	CACI	CACI INTL INC CL A	$49.5M	0.43%	91,042	Common	SOLE
00971T101	AKAM	AKAMAI TECHNOLOGIES INC COM	$48.8M	0.43%	424,642	Common	SOLE
G65431127	NE	NOBLE CORP PLC ORD SHS A	$47.6M	0.42%	969,270	Common	SOLE
N53745100	LYB	LYONDELLBASELL INDUSTRIES NV SHS - A -	$47.4M	0.42%	588,296	Common	SOLE
882508104	TXN	TEXAS INSTRS INC COM	$46.0M	0.40%	236,860	Common	SOLE
744573106	PEG	PUBLIC SVC ENTERPRISE GROUP COM	$44.0M	0.39%	543,691	Common	SOLE
117043109	BC	BRUNSWICK CORP COM	$43.9M	0.38%	602,804	Common	SOLE
31620M106	FIS	FIDELITY NATL INFORMATION SV COM	$43.5M	0.38%	927,565	Common	SOLE
532457108	LLY	ELI LILLY & CO COM	$42.3M	0.37%	45,972	Common	SOLE
97650W108	WTFC	WINTRUST FINL CORP COM	$40.9M	0.36%	294,670	Common	SOLE
00790R104	WMS	ADVANCED DRAIN SYS INC DEL COM	$40.4M	0.35%	294,898	Common	SOLE
G1151C101	ACN	ACCENTURE PLC IRELAND SHS CLASS A	$40.2M	0.35%	202,956	Common	SOLE
N20944109	CNH	CNH INDL N V SHS	$39.9M	0.35%	3,624,464	Common	SOLE
681919106	OMC	OMNICOM GROUP INC COM	$38.8M	0.34%	514,801	Common	SOLE
172967424	C	CITIGROUP INC COM NEW	$37.7M	0.33%	332,802	Common	SOLE
375558103	GILD	GILEAD SCIENCES INC COM	$37.2M	0.33%	267,255	Common	SOLE
G9087Q102	TROX	TRONOX HOLDINGS PLC SHS	$36.7M	0.32%	3,753,747	Common	SOLE
149123101	CAT	CATERPILLAR INC COM	$36.4M	0.32%	51,430	Common	SOLE
016255101	ALGN	ALIGN TECHNOLOGY INC COM	$36.3M	0.32%	211,903	Common	SOLE
928298108	VSH	VISHAY INTERTECHNOLOGY INC COM	$35.7M	0.31%	1,981,915	Common	SOLE
09290D101	BLK	BLACKROCK INC COM	$34.9M	0.31%	36,324	Common	SOLE
00217Y104	ATS	ATS CORPORATION COM	$33.9M	0.30%	863,486	Common	SOLE
780087102	RY	ROYAL BK CDA COM	$33.7M	0.30%	152,083	Common	SOLE
871829107	SYY	SYSCO CORP COM	$33.6M	0.29%	471,414	Common	SOLE
29261A100	EHC	ENCOMPASS HEALTH CORP COM	$33.5M	0.29%	346,589	Common	SOLE
85254J102	STAG	STAG INDUSTRIAL INC COM	$33.3M	0.29%	922,306	Common	SOLE
553530106	MSM	MSC INDL DIRECT INC CL A	$33.1M	0.29%	358,699	Common	SOLE
G5960L103	MDT	MEDTRONIC PLC SHS	$32.8M	0.29%	378,953	Common	SOLE
512807306	LRCX	LAM RESEARCH CORP COM NEW	$31.8M	0.28%	148,761	Common	SOLE
65336K103	NXST	NEXSTAR MEDIA GROUP INC COMMON STOCK	$31.6M	0.28%	175,018	Common	SOLE
654106103	NKE	NIKE INC CL B	$31.6M	0.28%	597,832	Common	SOLE
191216100	KO	COCA COLA CO COM	$30.4M	0.27%	399,671	Common	SOLE
969457100	WMB	WILLIAMS COS INC COM	$29.2M	0.26%	400,941	Common	SOLE
608190104	MHK	MOHAWK INDS INC COM	$29.1M	0.26%	295,858	Common	SOLE
165167735	EXE	EXPAND ENERGY CORPORATION COM	$29.0M	0.25%	264,406	Common	SOLE
960413102	WLK	WESTLAKE CORPORATION COM	$28.5M	0.25%	244,308	Common	SOLE
828806109	SPG	SIMON PPTY GROUP INC NEW COM	$26.7M	0.23%	143,225	Common	NONE
052800109	ALV	AUTOLIV INC COM	$26.4M	0.23%	251,159	Common	SOLE
G54950103	LIN	LINDE PLC SHS	$26.4M	0.23%	53,275	Common	SOLE
88362T103	THR	THERMON GROUP HLDGS INC COM	$26.0M	0.23%	516,471	Common	SOLE
55024U109	LITE	LUMENTUM HLDGS INC COM	$25.6M	0.22%	36,433	Common	SOLE
36828A101	GEV	GE VERNOVA INC COM	$25.4M	0.22%	29,126	Common	SOLE
65339F101	NEE	NEXTERA ENERGY INC COM	$24.8M	0.22%	266,564	Common	SOLE
86272C103	STRA	STRATEGIC ED INC COM	$24.6M	0.22%	296,980	Common	SOLE
244199105	DE	DEERE & CO COM	$24.2M	0.21%	42,896	Common	SOLE
29444U700	EQIX	EQUINIX INC COM	$23.8M	0.21%	24,304	Common	NONE
887389104	TKR	TIMKEN CO COM	$23.5M	0.21%	233,398	Common	SOLE
860630102	SF	STIFEL FINL CORP COM	$23.4M	0.21%	316,652	Common	SOLE
038222105	AMAT	APPLIED MATLS INC COM	$23.1M	0.20%	67,456	Common	SOLE
806407102	HSIC	SCHEIN HENRY INC COM	$22.5M	0.20%	305,899	Common	SOLE
95040Q104	WELL	WELLTOWER INC COM	$21.6M	0.19%	109,295	Common	NONE
29364G103	ETR	ENTERGY CORP NEW COM	$21.6M	0.19%	192,233	Common	SOLE
88160R101	TSLA	TESLA INC COM	$21.3M	0.19%	57,278	Common	SOLE
49456B101	KMI	KINDER MORGAN INC DEL COM	$21.1M	0.18%	628,135	Common	SOLE
872540109	TJX	TJX COS INC NEW COM	$20.3M	0.18%	127,058	Common	SOLE
278865100	ECL	ECOLAB INC COM	$19.8M	0.17%	74,276	Common	SOLE
22160K105	COST	COSTCO WHOLESALE CORPORATION COM	$19.2M	0.17%	19,280	Common	SOLE
16411R208	LNG	CHENIERE ENERGY INC COM NEW	$19.0M	0.17%	66,803	Common	SOLE
68389X105	ORCL	ORACLE CORP COM	$19.0M	0.17%	128,856	Common	SOLE
02665T306	AMH	AMERICAN HOMES 4 RENT CL A	$18.8M	0.17%	674,012	Common	NONE
29415F104	NVST	ENVISTA HOLDINGS CORPORATION COM	$18.8M	0.16%	741,489	Common	SOLE
127387108	CDNS	CADENCE DESIGN SYSTEM INC COM	$18.5M	0.16%	66,698	Common	SOLE
57636Q104	MA	MASTERCARD INCORPORATED CL A	$18.4M	0.16%	36,795	Common	SOLE
64110L106	NFLX	NETFLIX INC. COM	$18.2M	0.16%	189,752	Common	SOLE
46120E602	ISRG	INTUITIVE SURGICAL INC COM NEW	$18.1M	0.16%	39,161	Common	SOLE
002824100	ABT	ABBOTT LABORATORIES COM	$18.0M	0.16%	174,852	Common	SOLE
166764100	CVX	CHEVRON CORPORATION COM	$17.8M	0.16%	85,962	Common	SOLE
437076102	HD	HOME DEPOT INC COM	$17.8M	0.16%	54,028	Common	SOLE
369604301	GE	GE AEROSPACE COM NEW	$17.5M	0.15%	61,763	Common	SOLE
79466L302	CRM	SALESFORCE INC COM	$17.5M	0.15%	93,643	Common	SOLE
101137107	BSX	BOSTON SCIENTIFIC CORP COM	$17.5M	0.15%	278,441	Common	SOLE
31488V107	FERG	FERGUSON ENTERPRISES INC COMMON STOCK NEW	$17.4M	0.15%	74,665	Common	SOLE
78409V104	SPGI	S&P GLOBAL INC COM	$17.4M	0.15%	40,838	Common	SOLE
595112103	MU	MICRON TECHNOLOGY INC COM	$17.3M	0.15%	51,350	Common	SOLE
N72482156	QGEN	QIAGEN NV ORD SHARES	$17.3M	0.15%	431,253	Common	SOLE
87807B107	TRP	TC ENERGY CORP COM	$17.2M	0.15%	197,773	Common	SOLE
69351T106	PPL	PPL CORP COM	$17.0M	0.15%	446,148	Common	SOLE
371901109	GNTX	GENTEX CORP COM	$16.9M	0.15%	775,438	Common	SOLE
13646K108	CP	CANADIAN PACIFIC KANSAS CITY COM	$16.2M	0.14%	148,284	Common	SOLE
00287Y109	ABBV	ABBVIE INC COM	$15.0M	0.13%	68,976	Common	SOLE
11271J107	BN	BROOKFIELD CORP CL A LTD VT SH	$15.0M	0.13%	265,956	Common	SOLE
17275R102	CSCO	CISCO SYS INC COM	$15.0M	0.13%	192,916	Common	SOLE
58733R102	MELI	MERCADOLIBRE INC COM	$14.8M	0.13%	8,588	Common	SOLE
194162103	CL	COLGATE PALMOLIVE CO COM	$14.8M	0.13%	174,005	Common	SOLE
880345103	TNC	TENNANT CO COM	$14.8M	0.13%	223,069	Common	SOLE
040413205	ANET	ARISTA NETWORKS INC COM SHS	$14.8M	0.13%	120,542	Common	SOLE
000361105	AIR	AAR CORP COM	$14.4M	0.13%	131,738	Common	SOLE
28176E108	EW	EDWARDS LIFESCIENCES CORP COM	$13.7M	0.12%	171,355	Common	SOLE
56585A102	MPC	MARATHON PETE CORP COM	$13.5M	0.12%	55,188	Common	SOLE
74460D109	PSA	PUBLIC STORAGE OPER CO COM	$13.4M	0.12%	49,315	Common	SOLE
025537101	AEP	AMERICAN ELEC PWR CO INC COM	$13.3M	0.12%	101,557	Common	SOLE
320517105	FHN	FIRST HORIZON CORPORATION COM	$13.2M	0.12%	580,222	Common	SOLE
05722G100	BKR	BAKER HUGHES COMPANY CL A	$13.2M	0.12%	215,555	Common	SOLE
68902V107	OTIS	OTIS WORLDWIDE CORP COM	$13.0M	0.11%	168,198	Common	SOLE
955306105	WST	WEST PHARMACEUTICAL SVSC INC COM	$12.9M	0.11%	51,501	Common	SOLE
952845105	WFG	WEST FRASER TIMBER LTD COM	$12.7M	0.11%	139,558	Common	SOLE
98585X104	YETI	YETI HLDGS INC COM	$12.5M	0.11%	340,564	Common	SOLE
87612G101	TRGP	TARGA RES CORP COM	$12.1M	0.11%	48,183	Common	SOLE
227046109	CROX	CROCS INC COM	$12.0M	0.10%	144,076	Common	SOLE
743315103	PGR	PROGRESSIVE CORP COM	$11.9M	0.10%	60,194	Common	SOLE
701094104	PH	PARKER-HANNIFIN CORP COM	$11.9M	0.10%	13,285	Common	SOLE
290876101	EMA	EMERA INC COM	$11.7M	0.10%	162,903	Common	SOLE
29250N105	ENB	ENBRIDGE INC COM	$11.1M	0.10%	147,428	Common	SOLE
G29183103	ETN	EATON CORP PLC SHS	$11.1M	0.10%	30,956	Common	SOLE
42250P103	DOC	HEALTHPEAK PROPERTIES INC COM	$11.0M	0.10%	671,874	Common	SOLE
92276F100	VTR	VENTAS INC COM	$10.9M	0.10%	133,590	Common	NONE
030420103	AWK	AMERICAN WTR WKS CO INC NEW COM	$10.9M	0.10%	79,761	Common	SOLE
209115104	ED	CONSOLIDATED EDISON INC COM	$10.7M	0.09%	94,213	Common	SOLE
655844108	NSC	NORFOLK SOUTHN CORP COM	$10.7M	0.09%	37,112	Common	SOLE
92936U109	WPC	WP CAREY INC COM	$10.5M	0.09%	155,149	Common	NONE
907818108	UNP	UNION PAC CORP COM	$10.5M	0.09%	43,418	Common	SOLE
949746101	WMT2	WELLS FARGO & CO COM	$10.3M	0.09%	129,803	Common	SOLE
03027X100	AMT	AMERICAN TOWER CORP COM	$10.2M	0.09%	59,161	Common	SOLE
651639106	NEM	NEWMONT CORP COM	$10.2M	0.09%	94,179	Common	SOLE
896945201	TRIP	TRIPADVISOR INC COM	$10.2M	0.09%	952,767	Common	SOLE
253868103	DLR	DIGITAL RLTY TR INC COM	$10.1M	0.09%	56,280	Common	NONE
580135101	MCD	MCDONALDS CORP COM	$10.0M	0.09%	32,240	Common	SOLE
235851102	DHR	DANAHER CORP DEL COM	$10.0M	0.09%	52,537	Common	SOLE
925652109	VICI	VICI PPTYS INC COM	$9.9M	0.09%	363,217	Common	NONE
718546104	PSX	PHILLIPS 66 COM	$9.8M	0.09%	53,816	Common	SOLE
G5698W116	LXFR	LUXFER HLDGS PLC SHS	$9.7M	0.08%	795,472	Common	SOLE
337932107	FE	FIRSTENERGY CORP COM	$9.6M	0.08%	189,598	Common	SOLE
336433107	FSLR	FIRST SOLAR INC COM	$9.1M	0.08%	46,158	Common	SOLE
697435105	PANW	PALO ALTO NETWORKS INC COM	$9.0M	0.08%	56,426	Common	SOLE
018802108	LNT	ALLIANT ENERGY CORP COM	$8.9M	0.08%	123,553	Common	SOLE
92343V104	VZ	VERIZON COMMUNICATIONS INC COM	$8.6M	0.08%	171,420	Common	SOLE
775711104	ROL	ROLLINS INC COM	$8.4M	0.07%	156,491	Common	SOLE
053484101	AVB	AVALONBAY CMNTYS INC COM	$8.3M	0.07%	50,872	Common	NONE
824348106	SHW	SHERWIN WILLIAMS CO COM	$7.9M	0.07%	24,648	Common	SOLE
758849103	REG	REGENCY CTRS CORP COM	$7.7M	0.07%	101,151	Common	NONE
46266C105	IQV	IQVIA HLDGS INC COM	$7.6M	0.07%	44,839	Common	SOLE
842587107	SO	SOUTHERN CO COM	$7.6M	0.07%	78,300	Common	SOLE
45167R104	IEX	IDEX CORP COM	$7.4M	0.06%	38,852	Common	SOLE
45866F104	ICE	INTERCONTINENTAL EXCHANGE IN COM	$7.3M	0.06%	46,636	Common	SOLE
H2906T109	GRMN	GARMIN LTD SHS	$7.3M	0.06%	31,312	Common	SOLE
25746U109	D	DOMINION ENERGY INC COM	$7.2M	0.06%	116,649	Common	SOLE
98850P109	YUMC	YUM CHINA HLDGS INC COM	$7.2M	0.06%	147,526	Common	SOLE
12504L109	CBRE	CBRE GROUP INC CL A	$7.1M	0.06%	52,445	Common	SOLE
59522J103	MAA	MID-AMER APT CMNTYS INC COM	$7.1M	0.06%	57,783	Common	NONE
032095101	APH	AMPHENOL CORP CL A	$7.0M	0.06%	55,124	Common	SOLE
571748102	MRSH	MARSH & MCLENNAN COS INC COM	$6.9M	0.06%	39,944	Common	SOLE
126408103	CSX	CSX CORP COM	$6.8M	0.06%	164,633	Common	SOLE
931142103	WMT	WALMART INC COM	$6.7M	0.06%	53,651	Common	SOLE
615369105	MCO	MOODYS CORP COM	$6.6M	0.06%	15,216	Common	SOLE
902252105	TYL	TYLER TECHNOLOGIES INC COM	$6.5M	0.06%	19,040	Common	SOLE
863667101	SYK	STRYKER CORPORATION COM	$6.5M	0.06%	19,749	Common	SOLE
426281101	JKHY	HENRY JACK & ASSOC INC COM	$6.5M	0.06%	40,954	Common	SOLE
G8994E103	TT	TRANE TECHNOLOGIES PLC SHS	$6.3M	0.06%	15,175	Common	SOLE
30225T102	EXR	EXTRA SPACE STORAGE INC COM	$6.2M	0.05%	47,166	Common	NONE
02079K107	GOOG	ALPHABET INC CAP STK CL C	$6.1M	0.05%	21,220	Common	SOLE
91324P102	UNH	UNITEDHEALTH GROUP INC COM	$5.9M	0.05%	21,635	Common	SOLE
624758108	MWA	MUELLER WTR PRODS INC COM SER A	$5.5M	0.05%	200,572	Common	SOLE
49427F108	KRC	KILROY REALTY CORP COM	$5.5M	0.05%	193,678	Common	NONE
229663109	CUBE	CUBESMART COM	$5.4M	0.05%	148,202	Common	NONE
89346D107	TAC	TRANSALTA CORP COM	$5.3M	0.05%	290,819	Common	SOLE
70932M107	PFSI	PENNYMAC FINL SVCS INC NEW COM	$5.2M	0.05%	59,592	Common	SOLE
11133T103	BR	BROADRIDGE FINL SOLUTIONS IN COM	$5.2M	0.05%	32,041	Common	SOLE
46284V101	IRM	IRON MTN INC DEL COM	$5.2M	0.05%	50,467	Common	NONE
529043408	LXP	LXP INDUSTRIAL TRUST COM	$5.1M	0.04%	110,021	Common	NONE
681936100	OHI	OMEGA HEALTHCARE INVS INC COM	$4.7M	0.04%	108,359	Common	NONE
G7S00T104	PNR	PENTAIR PLC SHS	$4.5M	0.04%	51,328	Common	SOLE
72348N109	PNFP	PINNACLE FINL PARTNERS INC COM	$4.4M	0.04%	51,002	Common	SOLE
893870204	TGS	TRANSPORTADORA DE GAS DEL SU SPONSORED ADS B	$4.4M	0.04%	126,219	Common	SOLE
784305104	HTO	H2O AMERICA COM	$4.2M	0.04%	72,314	Common	SOLE
760759100	RSG	REPUBLIC SVCS INC COM	$3.9M	0.03%	17,841	Common	SOLE
874054109	TTWO	TAKE-TWO INTERACTIVE SOFTWAR COM	$3.9M	0.03%	19,760	Common	SOLE
402635502	GPOR	GULFPORT ENERGY CORP COMMON SHARES	$3.9M	0.03%	18,376	Common	SOLE
81762P102	NOW	SERVICENOW INC COM	$3.9M	0.03%	37,031	Common	SOLE
833034101	SNA	SNAP ON INC COM	$3.8M	0.03%	10,581	Common	SOLE
398182303	AHR	AMERICAN HEALTHCARE REIT INC COM SHS	$3.7M	0.03%	79,104	Common	NONE
36467J108	GLPI	GAMING & LEISURE P COM	$3.6M	0.03%	81,293	Common	NONE
44107P104	HST	HOST HOTELS & RESORTS INC COM	$3.4M	0.03%	178,812	Common	NONE
12008R107	BLDR	BUILDERS FIRSTSOURCE INC COM	$3.1M	0.03%	37,480	Common	SOLE
69331C108	PCG	PG&E CORP COM	$2.8M	0.02%	159,481	Common	SOLE
92333F101	VG	VENTURE GLOBAL INC COM CL A	$2.8M	0.02%	177,303	Common	SOLE
88642R109	TDW	TIDEWATER INC NEW COM	$2.7M	0.02%	32,432	Common	SOLE
884903808	TRI4EUR	THOMSON REUTERS CORP COM	$2.7M	0.02%	30,006	Common	SOLE
29670E107	EPRT	ESSENTIAL PPTYS RLTY TR INC COM	$2.6M	0.02%	86,683	Common	NONE
69608A108	PLTR	PALANTIR TECHNOLOGIES INC CL A	$2.5M	0.02%	17,325	Common	SOLE
21037T109	CEG	CONSTELLATION ENERGY CORP COM	$2.4M	0.02%	8,711	Common	SOLE
42226K105	HR	HEALTHCARE RLTY TR CL A COM	$2.0M	0.02%	120,480	Common	NONE
756109104	O	REALTY INCOME CORP COM	$1.9M	0.02%	31,635	Common	NONE
03784Y200	APLE	APPLE HOSPITALITY REIT INC COM NEW	$1.8M	0.02%	156,788	Common	NONE
015271109	ARE	ALEXANDRIA REAL ESTATE EQ IN COM	$1.7M	0.01%	36,069	Common	NONE
222795502	CUZ	COUSINS PPTYS INC COM NEW	$1.5M	0.01%	65,497	Common	NONE
934423104	WBD	WARNER BROS DISCOVERY INC COM SER A	$1.1M	0.01%	41,522	Common	SOLE
03064D108	COLD	AMERICOLD REALTY TRUST INC COM	$1.1M	0.01%	96,890	Common	NONE
252784301	DRH	DIAMONDROCK HOSPITALITY CO COM	$1.1M	0.01%	116,142	Common	SOLE
446150104	HBAN	HUNTINGTON BANCSHARES INC COM	$879,014	0.01%	56,167	Common	SOLE
49446R109	KIM	KIMCO REALTY CORP COM	$662,955	0.01%	29,504	Common	NONE
553498106	MSA	MSA SAFETY INC COM	$311,013	0.00%	1,897	Common	NONE
313745101	FRT	FEDERAL RLTY INVT TR NEW SH BEN INT NEW	$206,791	0.00%	1,947	Common	NONE
554382101	MAC	MACERICH CO COM	$185,447	0.00%	9,812	Common	NONE
58155Q103	MCK	MCKESSON CORP COM	$173,022	0.00%	200	Common	SOLE
285512109	EA	ELECTRONIC ARTS INC COM	$145,725	0.00%	715	Common	SOLE
775109200	RCI	ROGERS COMMUNICATIONS INC CL B	$135,733	0.00%	3,531	Common	SOLE
036752103	ELV	ELEVANCE HEALTH INC FORMERLY COM	$121,163	0.00%	414	Common	SOLE
35137L204	FOX	FOX CORP CL B COM	$119,493	0.00%	2,251	Common	SOLE
444859102	HUM	HUMANA INC COM	$118,738	0.00%	685	Common	SOLE
03076C106	AMP	AMERIPRISE FINL INC COM	$94,630	0.00%	213	Common	SOLE
053332102	AZO	AUTOZONE INC COM	$94,550	0.00%	28	Common	SOLE
33767E202	FSV	FIRSTSERVICE CORP NEW COM	$32,398	0.00%	233	Common	SOLE
76169C100	REXR	REXFORD INDL RLTY INC COM	$1,440	0.00%	44	Common	NONE

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.