| EESSEX PPTY TR INC |
| 6.62% | 1.2% | $26.4M | 94,300 | $1.4M | 56 | +94,244+168,292.86% | Add |
| CCOHEN & STEERS INC |
| 6.45% | 3.89% | $25.8M | 306,200 | $4.4M | 700 | +305,500+43,642.86% | Add |
| CCHOICE HOTELS INTL INCCHH |
| 4.99% | — | $19.9M | 191,600 | $0 | 0 | +191,600 | New Buy |
| DDOUGLAS EMMETT INCDEI |
| 4.82% | <0.01% | $19.3M | 1.7M | $5,605 | 5,950 | +1.7M+28,135.29% | Add |
| CCBRE GROUP INCCBRE |
| 4.81% | — | $19.2M | 130,500 | $0 | 0 | +130,500 | New Buy |
| AAVALONBAY CMNTYS INCAVB |
| 4.35% | — | $17.4M | 96,300 | $0 | 0 | +96,300 | New Buy |
 JONES LANG LASALLE INCJLL |
| 3.97% | — | $15.8M | 43,700 | $0 | 0 | +43,700 | New Buy |
 MARRIOTT INTL INC NEWMAR |
| 3.19% | — | $12.8M | 36,000 | $0 | 0 | +36,000 | New Buy |
 ROYAL CARIBBEAN GROUP COMRCL |
| 2.96% | — | $11.8M | 38,500 | $0 | 0 | +38,500 | New Buy |
 DOUGLAS EMMETT INCDEI |
| 2.91% | 6.39% | $11.6M | 1.0M | $7.2M | 762,556 | +250,278+32.82% | Add |
| CCOSTAR GROUP INCCSGP |
| 2.83% | 0.01% | $11.3M | 369,400 | $12,251 | 3,037 | +366,363+12,063.32% | Add |
| TTRAVEL PLUS LEISURE CO |
| 2.53% | — | $10.1M | 136,100 | $0 | 0 | +136,100 | New Buy |
 COHEN & STEERS INCCNS |
| 2.29% | 8.94% | $9.2M | 108,850 | $10.1M | 160,709 | -51,859-32.27% | Reduce |
 KILROY REALTY CORPKRC |
| 2.15% | — | $8.6M | 240,000 | $0 | 0 | +240,000 | New Buy |
| CCHAMPION HOMES INCSKY |
| 2.13% | — | $8.5M | 91,600 | $0 | 0 | +91,600 | New Buy |
| CCOMPASS INCCOMP |
| 1.96% | — | $7.8M | 619,700 | $0 | 0 | +619,700 | New Buy |
| NNEXPOINT RESIDENTIAL TR INCNXRT |
| 1.95% | 5.72% | $7.8M | 319,092 | $6.4M | 257,546 | +61,546+23.90% | Add |
| UUDR INCUDR |
| 1.87% | — | $7.5M | 200,900 | $0 | 0 | +200,900 | New Buy |
 COMPASS INCCOMP |
| 1.84% | — | $7.3M | 580,048 | $0 | 0 | +580,048 | New Buy |
 UDR INC COMUDR |
| 1.8% | — | $7.2M | 193,045 | $0 | 0 | +193,045 | New Buy |
| MMARRIOTT VACATIONS WORLDWIDEVAC |
| 1.77% | 3.85% | $7.1M | 60,580 | $4.3M | 66,572 | -5,992-9.00% | Reduce |
| SSL GREEN RLTY CORP |
| 1.76% | — | $7.0M | 126,900 | $0 | 0 | +126,900 | New Buy |
| EENSIGN GROUP INCENSG |
| 1.54% | — | $6.2M | 34,054 | $0 | 0 | +34,054 | New Buy |
 CHOICE HOTELS INTL INCCHH |
| 1.46% | 1.99% | $5.8M | 55,914 | $2.2M | 216 | +55,698+25,786.11% | Add |
| HHUDSON PACIFIC PROPERTIES INC COMHPP |
| 1.45% | 2.06% | $5.8M | 419,873 | $2.3M | 392,188 | +27,685+7.06% | Add |
| AALEXANDRIA REAL ESTATE EQ INARE |
| 1.44% | — | $5.7M | 120,000 | $0 | 0 | +120,000 | New Buy |
| CCBRE GROUP INC CL ACBRE |
| 1.38% | 7.59% | $5.5M | 37,544 | $8.5M | 62,978 | -25,434-40.39% | Reduce |
 HOST HOTELS & RESORTS INCHST |
| 1.35% | — | $5.4M | 239,000 | $0 | 0 | +239,000 | New Buy |
| EEQUITY RESIDENTIALEQR |
| 1.31% | — | $5.2M | 80,900 | $0 | 0 | +80,900 | New Buy |
| EEQUITY RESIDENTIALVMRK |
| 1.29% | — | $5.2M | 79,904 | $0 | 0 | +79,904 | New Buy |
| AAPARTMENT INVT & MGMT COAIV |
| 1.29% | 9.25% | $5.1M | 2.0M | $10.4M | 2.6M | -574,279-22.47% | Reduce |
| CCARNIVAL CORP LTDCCL |
| 1.22% | — | $4.9M | 175,800 | $0 | 0 | +175,800 | New Buy |
 COPT DEFENSE PROPERTIESCDP |
| 1.19% | — | $4.7M | 129,000 | $0 | 0 | +129,000 | New Buy |
 COSTAR GROUP INCCSGP |
| 1.1% | 4.3% | $4.4M | 144,011 | $4.8M | 119,966 | +24,045+20.04% | Add |
 EQUITY LIFESTYLE PROPERTIESELS |
| 1.1% | — | $4.4M | 69,000 | $0 | 0 | +69,000 | New Buy |
 GAMING &LEISURE PGLPI |
| 1.08% | — | $4.3M | 100,000 | $0 | 0 | +100,000 | New Buy |
 TRAVEL PLUS LEISURE COTNL |
| 1.06% | — | $4.2M | 57,034 | $0 | 0 | +57,034 | New Buy |
| BBROOKFIELD ASSET MANAGEMENT LTD CLASS A LTD VOTING SHS ISIN #CA1130041058 SEDOL #BPCPYH2MAGY |
| 1.01% | — | $4.0M | 73,864 | $0 | 0 | +73,864 | New Buy |
| EENSIGN GROUP INCENSG |
| 1% | — | $4.0M | 22,000 | $0 | 0 | +22,000 | New Buy |
| MMARRIOTT VACATIONS WORLDWIDEVAC |
| 0.91% | — | $3.6M | 31,000 | $0 | 0 | +31,000 | New Buy |
 ESSEX PPTY TR INCESS |
| 0.89% | 3.42% | $3.6M | 12,719 | $3.8M | 15,906 | -3,187-20.04% | Reduce |
| AAGREE RLTY CORP |
| 0.89% | — | $3.5M | 48,000 | $0 | 0 | +48,000 | New Buy |
| FFEDERAL RLTY INVT TR NEW |
| 0.79% | — | $3.2M | 27,000 | $0 | 0 | +27,000 | New Buy |
 REALTY INCOME CORP COMO |
| 0.78% | — | $3.1M | 50,000 | $0 | 0 | +50,000 | New Buy |
 CROWN CASTLE INC COMCCI |
| 0.76% | — | $3.0M | 41,000 | $0 | 0 | +41,000 | New Buy |
 ROCKET COS INCRKT |
| 0.61% | — | $2.5M | 177,100 | $0 | 0 | +177,100 | New Buy |
 CHAMPION HOMES INCSKY |
| 0.56% | — | $2.2M | 23,906 | $0 | 0 | +23,906 | New Buy |
 AVALONBAY CMNTYS INC REITAVB |
| 0.5% | 2.35% | $2.0M | 11,140 | $2.6M | 16,200 | -5,060-31.23% | Reduce |
| BBRAEMAR HOTELS & RESORTS INC COMBHR |
| 0.5% | 2.39% | $2.0M | 988,883 | $2.7M | 1.1M | -150,915-13.24% | Reduce |
 VIKING HOLDINGS LTD ORD SHSVIK |
| 0.44% | — | $1.8M | 16,900 | $0 | 0 | +16,900 | New Buy |
