| Stock | Company | % Portfolio | Shares Held | Market Value | Change in Shares | % Change | Quarter End Price | Source |
|---|---|---|---|---|---|---|---|---|
| H | HYATT HOTELS CORP | 8.3% | 921,222 | $128,648,652 | -645,492 | -41.2% | $139.65 | 13F |
| WH | WYNDHAM HOTELS & RESORTS INC | 7.89% | 1,505,781 | $122,284,475 | 1,272,628 | 545.83% | $81.21 | 13F |
| BRSL | INTERNATIONAL GAME TECHNOLOG | 7.72% | 7,566,764 | $119,630,539 | 4,342,784 | 134.7% | $15.81 | 13F |
| CPT | CAMDEN PPTY TR | 7.44% | 1,022,742 | $115,252,796 | 692,412 | 209.61% | $112.69 | 13F |
| FUN | SIX FLAGS ENTERTAINMENT CORP | 6.47% | 3,296,660 | $100,317,364 | 1,172,101 | 55.17% | $30.43 | 13F |
| IRT | INDEPENDENCE RLTY TR INC | 6.28% | 5,500,502 | $97,303,880 | 4,672,690 | 564.46% | $17.69 | 13F |
| DHI | D R HORTON INC | 6.19% | 744,637 | $95,998,602 | -84,430 | -10.18% | $128.92 | 13F |
| TMHC | TAYLOR MORRISON HOME CORP | 6.19% | 1,561,586 | $95,912,612 | 889,616 | 132.39% | $61.42 | 13F |
| NSA | NATIONAL STORAGE AFFILIATES | 5.16% | 2,498,789 | $79,936,260 | 2,498,789 | New | $31.99 | 13F |
| TOL | TOLL BROTHERS INC | 4.73% | 641,844 | $73,253,656 | -474,456 | -42.5% | $114.13 | 13F |
| JBGS | JBG SMITH PPTYS | 4.28% | 3,834,033 | $66,328,771 | 230,150 | 6.39% | $17.3 | 13F |
| TRTX | TPG RE FIN TR INC | 3.64% | 7,303,626 | $56,383,993 | No Change | $7.72 | 13F | |
| HGV | HILTON GRAND VACATIONS INC | 3.51% | 1,310,726 | $54,434,451 | -518,769 | -28.36% | $41.53 | 13F |
| JLL | JONES LANG LASALLE INC | 3.31% | 200,837 | $51,370,088 | 200,837 | New | $255.78 | 13F |
| INN | SUMMIT HOTEL PPTYS INC | 3.09% | 9,400,000 | $47,846,000 | 9,400,000 | New | $5.09 | 13F |
| RRR | RED ROCK RESORTS INC | 3.03% | 902,644 | $46,964,567 | -310,647 | -25.6% | $52.03 | 13F |
| SPG | SIMON PPTY GROUP INC NEW | 2.16% | 208,500 | $33,518,460 | 208,500 | New | $160.76 | 13F |
| BRSL | INTERNATIONAL GAME TECHNOLOG (Call) | 2.04% | 2,000,000 | $31,620,000 | No Change | $15.81 | 13F | |
| KRC | KILROY RLTY CORP | 1.74% | 785,140 | $26,938,153 | 46,940 | 6.36% | $34.31 | 13F |
| MTH | MERITAGE HOMES CORP | 1.2% | 278,334 | $18,640,028 | -847,661 | -75.28% | $66.97 | 13F |
| AIV | APARTMENT INVT & MGMT CO | 0.95% | 1,697,757 | $14,685,598 | 1,697,757 | New | $8.65 | 13F |
| MAA | MID-AMER APT CMNTYS INC | 0.9% | 94,417 | $13,974,660 | 888 | 0.95% | $148.01 | 13F |
| PGRE | PARAMOUNT GROUP INC | 0.9% | 2,282,871 | $13,925,513 | -9,454,562 | -80.55% | $6.1 | 13F |
| DBRG | DIGITALBRIDGE GROUP INC | 0.89% | 1,328,167 | $13,746,528 | 1,328,167 | New | $10.35 | 13F |
| MHO | M/I HOMES INC | 0.88% | 122,140 | $13,694,337 | 122,140 | New | $112.12 | 13F |
| SMRT | SMARTRENT INC | 0.64% | 10,066,093 | $9,965,432 | No Change | $0.99 | 13F | |
| PLD | PROLOGIS INC. | 0.23% | 34,550 | $3,631,896 | 34,550 | New | $105.12 | 13F |
| CZR | CAESARS ENTERTAINMENT INC NE | 0.17% | 90,773 | $2,577,045 | -590,416 | -86.67% | $28.39 | 13F |
| LXP | LXP INDUSTRIAL TRUST | 0.08% | 150,000 | $1,239,000 | 150,000 | New | $8.26 | 13F |
| UHALB | U HAUL HOLDING COMPANY | -188,407 | Exited | 13F | ||||
| CUBE | CUBESMART | -1,108,821 | Exited | 13F | ||||
| DEI | DOUGLAS EMMETT INC | -589,420 | Exited | 13F | ||||
| GDEN | GOLDEN ENTMT INC | -434,767 | Exited | 13F | ||||
| HLT | HILTON WORLDWIDE HLDGS INC | -355,961 | Exited | 13F | ||||
| KRG | KITE RLTY GROUP TR | -2,709,697 | Exited | 13F | ||||
| MSGE | MADISON SQUARE GARDEN ENTMT | -416,312 | Exited | 13F | ||||
| VAC | MARRIOTT VACATIONS WORLDWIDE | -180,091 | Exited | 13F | ||||
| PHM | PULTE GROUP INC | -137,655 | Exited | 13F | ||||
| REXR | REXFORD INDL RLTY INC | -528,584 | Exited | 13F | ||||
| VTMX | VESTA REAL ESTATE CORP | -949,940 | Exited | 13F | ||||
| VNO | VORNADO RLTY TR | -178,753 | Exited | 13F | ||||
| WYNN | WYNN RESORTS LTD | -539,200 | Exited | 13F | ||||
| PLYA | PLAYA HOTELS & RESORTS NV | -3,757,576 | Exited | 13F |