Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
39
Top-10 weight
45.53%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
28
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
761.0
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | WELLTOWER INC | — | 768,013 | $151.84M | 7.04% |
| 2 | EQUINIX INC | — | 148,915 | $145.97M | 6.77% |
| 3 | PROLOGIS INC REIT | — | 770,700 | $101.87M | 4.73% |
| 4 | TOLL BROTHERS INC | — | 636,600 | $86.88M | 4.03% |
| 5 | BROOKFIELD CORP CL A | — | 2,126,900 | $86.08M | 3.99% |
| 6 | JONES LANG LASALLE INC | — | 237,392 | $72.24M | 3.35% |
| 7 | CBRE GROUP INC - CL A | — | 528,148 | $71.54M | 3.32% |
| 8 | WYNN RESORTS LTD | — | 689,078 | $69.98M | 3.25% |
| 9 | AIRBNB INC CLASS A | — | 541,116 | $68.33M | 3.17% |
| 10 | SITEONE LANDSCAPE SUPPLY INC | — | 504,535 | $67.16M | 3.12% |
| 11 | HILTON WORLDWIDE HOLDINGS INC | — | 218,900 | $66.56M | 3.09% |
| 12 | CRH PLC | — | 605,600 | $63.66M | 2.95% |
| 13 | DIGITAL REALTY TRUST INC | — | 350,101 | $63.09M | 2.93% |
| 14 | HYATT HOTELS CORP CL A | — | 424,900 | $61.10M | 2.83% |
| 15 | MACERICH COMPANY | — | 3,202,114 | $60.52M | 2.81% |
| 16 | PUBLIC STORAGE | — | 222,950 | $60.39M | 2.80% |
| 17 | VENTAS INC REIT | — | 711,500 | $58.19M | 2.70% |
| 18 | GDS Holdings Ltd. SPON ADS EACH REP 8 ORD CL | GDS US | 1,378,675 | $55.55M | 2.58% |
| 19 | LOWES COS INC | — | 203,466 | $48.07M | 2.23% |
| 20 | IRON MOUNTAIN INC | — | 433,300 | $44.26M | 2.05% |
| 21 | CAESARS ENTERTAINMENT INC | — | 1,617,000 | $42.74M | 1.98% |
| 22 | ADVANCED DRAINAGE SYSTEMS INC | — | 286,400 | $39.27M | 1.82% |
| 23 | ROCKET COS INC-A | — | 2,615,200 | $37.27M | 1.73% |
| 24 | RED ROCK RESORTS INC | — | 685,649 | $36.59M | 1.70% |
| 25 | MGM RESORTS INTERNATIONAL | — | 980,350 | $36.28M | 1.68% |
| 26 | SKYLINE CHAMPION CORP | — | 462,251 | $34.38M | 1.59% |
| 27 | AAON INC | — | 388,950 | $32.19M | 1.49% |
| 28 | TAYLOR MORRISON HOME CORP | — | 545,700 | $31.78M | 1.47% |
| 29 | PENN ENTERTAINMENT INC | — | 1,981,900 | $29.79M | 1.38% |
| 30 | VAIL RESORTS INC | — | 224,593 | $28.82M | 1.34% |
| 31 | BLACKSTONE MORTGAGE TR CL A | — | 1,221,033 | $23.38M | 1.08% |
| 32 | SIMON PROPERTY | — | 120,500 | $22.48M | 1.04% |
| 33 | SHERWIN WILLIAMS CO | — | 69,700 | $22.34M | 1.04% |
| 34 | EQUITY RESIDENTIAL REIT | — | 366,350 | $21.67M | 1.01% |
| 35 | UDR INC | — | 618,900 | $20.91M | 0.97% |
| 36 | VULCAN MATERIALS CO | — | 71,495 | $19.47M | 0.90% |
| 37 | LAS VEGAS SANDS CORP | — | 321,200 | $17.31M | 0.80% |
| 38 | BROOKFIELD ASSET MANAGEMENT LTD A | — | 378,510 | $16.82M | 0.78% |
| 39 | LEGENCE CORP-A | — | 143,281 | $8.09M | 0.38% |
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