| Stock | Ownership Trend | Portfolio % | Prev Q % | Q4 2025 Value | Q4 2025 Shares | Prev Q Value | Prev Q Shares | Shares Change | Action |
|---|---|---|---|---|---|---|---|---|---|
 BRANDYWINE REALTY TRUSTBDN | 36.37% | 29.66% | $15.7M | 3.9M | $16.4M | 3.9M | 00.00% | Unchanged | |
| OORION PPTYS INC REITONL | 28.99% | 26.79% | $12.5M | 5.5M | $14.8M | 5.5M | 00.00% | Unchanged | |
| AALEXANDRIA REAL ESTATE EQ INARE | 18.33% | — | $7.9M | 160,000 | $0 | 0 | +160,000 | New Buy | |
 VALE S AVALE | 16.31% | 20.08% | $7.1M | 520,000 | $11.1M | 1.0M | -500,000-49.02% | Reduce |
