Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
39
Top-10 weight
68.26%
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.
12
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.
818.2
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | WELLTOWER INC | — | 920,968 | $182.08M | 23.17% |
| 2 | PUBLIC STORAGE | — | 249,101 | $67.48M | 8.59% |
| 3 | VENTAS INC REIT | — | 738,469 | $60.39M | 7.68% |
| 4 | EXTRA SPACE STORAGE INC | — | 332,256 | $43.57M | 5.54% |
| 5 | EQUITY RESIDENTIAL REIT | — | 599,951 | $35.49M | 4.52% |
| 6 | AVALONBAY COMMUNITIES INC REIT | — | 211,529 | $34.55M | 4.40% |
| 7 | SUN COMMUNITIES INC - REIT | — | 224,915 | $28.33M | 3.60% |
| 8 | ESSEX PROPERTY TRUST INC | — | 117,048 | $28.33M | 3.60% |
| 9 | INVITATION HOMES INC | — | 1,123,729 | $27.92M | 3.55% |
| 10 | MID AMERICA APT CMNTY INC | — | 213,695 | $26.10M | 3.32% |
| 11 | OMEGA HEALTHCARE INVESTORS INC | — | 541,824 | $23.74M | 3.02% |
| 12 | EQUITY LIFESTYLE PPTYS INC | — | 352,863 | $22.03M | 2.80% |
| 13 | HEALTHPEAK PROPERTIES INC | — | 1,273,061 | $20.92M | 2.66% |
| 14 | UDR INC | — | 606,732 | $20.50M | 2.61% |
| 15 | CAMDEN PROP TR | — | 193,858 | $18.93M | 2.41% |
| 16 | AMERICAN HOMES-A | — | 627,481 | $17.52M | 2.23% |
| 17 | AMERICAN HEALTHCARE REIT INC | — | 324,920 | $15.32M | 1.95% |
| 18 | CUBESMART | — | 415,718 | $15.24M | 1.94% |
| 19 | CARETRUST REIT INC | — | 408,668 | $14.98M | 1.91% |
| 20 | ALEXANDRIA REAL ES EQ INC REIT | — | 315,011 | $14.62M | 1.86% |
| 21 | HEALTHCARE REALTY TRUST INC | — | 602,646 | $10.24M | 1.30% |
| 22 | SABRA HEALTHCARE REIT INC | — | 452,953 | $8.71M | 1.11% |
| 23 | NATL HEALTH INV | — | 85,434 | $6.91M | 0.88% |
| 24 | INDEPENDENCE REALTY TR INC | — | 437,383 | $6.51M | 0.83% |
| 25 | NATIONAL STORAGE AFFILIATES TRUST | — | 129,327 | $4.88M | 0.62% |
| 26 | MEDICAL PROPERTI | — | 916,190 | $4.24M | 0.54% |
| 27 | LTC PROPERTIES INC REIT | — | 85,860 | $3.19M | 0.41% |
| 28 | SMARTSTOP SELF STORAGE REIT INC | — | 101,190 | $3.06M | 0.39% |
| 29 | VERIS RESIDENTIAL INC | — | 144,453 | $2.73M | 0.35% |
| 30 | DIVERSIFIED HEALTHCARE TR | — | 398,677 | $2.65M | 0.34% |
| 31 | SILA REALTY TRUST INC | — | 101,085 | $2.39M | 0.30% |
| 32 | UMH PROPERTIES INC | — | 145,964 | $2.11M | 0.27% |
| 33 | CENTERSPACE | — | 30,554 | $1.76M | 0.22% |
| 34 | BLACKROCK CASH FUNDS | — | 1,407,110 | $1.41M | 0.18% |
| 35 | NEXPOINT RESIDENTIAL TRUST INC | — | 40,744 | $1.02M | 0.13% |
| 36 | UNIVERSAL HEALTH REALTY TRUST | — | 23,442 | $948.70K | 0.12% |
| 37 | COMMUNITY HEALTHCARE TR INC | — | 49,899 | $792.90K | 0.10% |
| 38 | GLOBAL MEDICAL REIT INC | — | 23,079 | $763.45K | 0.10% |
| 39 | BRT APARTMENTS CORP | — | 19,962 | $266.29K | 0.03% |
| 40 | WHEAT (CBT) | WNH6P116 | 131 | -$81.52K | -0.01% |
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