# Portfolio overlap — TAREX vs FREEX

Comparing **Third Avenue Real Estate Value Fund** (2026-01-30) and **Franklin Real Estate Securities Fund** (2026-01-31).

- Shared positions: 5
- Third Avenue Real Estate Value Fund covered by Franklin Real Estate Securities Fund: 0.1287567989936471020014267167
- Franklin Real Estate Securities Fund covered by Third Avenue Real Estate Value Fund: 0.1287567989936471020014267167

## Third Avenue Real Estate Value Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| BROOKFIELD CORP CL A | 0.065059 |  |
| CBRE GROUP INC - CL A | 0.064206 | ✓ |
| FNMA, Series S | 0.054757 |  |
| Freddie Mac - Series Z | 0.052558 |  |
| PROLOGIS INC REIT | 0.048647 | ✓ |
| DREYFUS-TR SE-IN | 0.045611 |  |
| FIVE POINT HOLDINGS LLC COMMON STOCK | 0.043623 |  |
| LENNAR CORP CL B | 0.039091 |  |
| BERKELEY GROUP | 0.035256 |  |
| BIG YELLOW GROUP | 0.034979 |  |
| U-HAUL HOLDING CO | 0.034737 |  |
| CK ASSET HOLDING | 0.033090 |  |
| PULTEGROUP INC | 0.032840 |  |
| SUN COMMUNITIES INC - REIT | 0.032208 |  |
| SAVILLS PLC COMMON STOCK | 0.031860 |  |
| JONES LANG LASALLE INC | 0.031779 |  |
| UNITE GROUP/THE | 0.031294 |  |
| DR HORTON INC | 0.030340 |  |
| FIDELITY NATIONAL FINL INC | 0.029121 |  |
| JARDINE MATHESON | 0.023239 |  |
| AMERICAN HOMES-A | 0.022755 | ✓ |
| SEGRO PLC | 0.022276 |  |
| SKYLINE CHAMPION CORP | 0.021743 |  |
| WHARF HOLDINGS LTD/THE | 0.020116 |  |
| ACCOR SA | 0.020005 |  |
| INGENIA COMMUNITIES GROUP | 0.017047 |  |
| WESCO INTL | 0.015381 |  |
| FIRSTSERVICE-WI | 0.014867 |  |
| FIRST INDUSTRIAL REALTY TRUST | 0.014855 | ✓ |
| NATIONAL STORAGE | 0.013695 |  |
| WEYERHAEUSER CO | 0.011548 | ✓ |
| RAYONIER INC REIT | 0.011239 |  |
| TRINITY PLACE HOLDINGS INC | 0.000178 |  |
| USD/TWD FORWARD | 0.000000 |  |

## Franklin Real Estate Securities Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| WELLTOWER INC | 0.104229 |  |
| PROLOGIS INC REIT | 0.066521 | ✓ |
| EQUINIX INC | 0.064951 |  |
| REALTY INCOME CORP REIT | 0.048226 |  |
| DIGITAL REALTY TRUST INC | 0.048102 |  |
| AMERICAN TOWER CORP | 0.044372 |  |
| CROWN CASTLE INC | 0.039590 |  |
| AVALONBAY COMMUNITIES INC REIT | 0.036434 |  |
| VENTAS INC REIT | 0.033086 |  |
| CAMDEN PROP TR | 0.031594 |  |
| CBRE GROUP INC - CL A | 0.030951 | ✓ |
| AMERICAN HOMES-A | 0.028459 | ✓ |
| EXTRA SPACE STORAGE INC | 0.027730 |  |
| SIMON PROPERTY | 0.027618 |  |
| IRON MOUNTAIN INC | 0.025241 |  |
| BRIXMOR PROPERTY | 0.024442 |  |
| REGENCY CENTERS CORP REIT | 0.024406 |  |
| EQUITY LIFESTYLE PPTYS INC | 0.020307 |  |
| EASTGROUP PROP | 0.020037 |  |
| FIRST INDUSTRIAL REALTY TRUST | 0.019876 | ✓ |
| NETSTREIT CORP | 0.019172 |  |
| WEYERHAEUSER CO | 0.015894 | ✓ |
| SABRA HEALTHCARE REIT INC | 0.013846 |  |
| ESSENTIAL PROPERTIES REALTY TRUST INC | 0.013802 |  |
| CUBESMART | 0.013771 |  |
| TERRENO REALTY CORP | 0.012902 |  |
| MACERICH COMPANY | 0.012419 |  |
| COUSINS PROPERTIES INC | 0.012040 |  |
| BROADSTONE NET LEASE INC | 0.011553 |  |
| RYMAN HOSPITALITY PPTYS INC | 0.011025 |  |
| AGREE REALTY CORP | 0.010184 |  |
| AMERICAN HEALTHCARE REIT INC | 0.009506 |  |
| INDEPENDENCE REALTY TR INC | 0.009366 |  |
| SMARTSTOP SELF STORAGE REIT INC | 0.009151 |  |
| INVENTRUST PROPE | 0.008320 |  |
| BXP INC | 0.008257 |  |
| SUNSTONE HOTEL INVS INC | 0.008234 |  |
| HIGHWOODS PROPERTIES INC | 0.007473 |  |
| PEBBLEBROOK HOTEL TRUST | 0.006935 |  |
| SL GREEN REALTY CORP REIT | 0.006070 |  |
| Franklin Institutional US Government Money Market Fund | 0.005294 |  |
| NEWMARK GROUP INC CL A | 0.004968 |  |
| GO Residential Real Estate Investment Trust | 0.003645 |  |


## Sources

- N-PORT (fund A) — accession `0000940400-26-012467` (as of 2026-01-30)
  <https://www.sec.gov/Archives/edgar/data/1031661/000094040026012467/0000940400-26-012467-index.htm>
- N-PORT (fund B) — accession `0002071691-26-007563` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/912291/000207169126007563/0002071691-26-007563-index.htm>

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