Cross-manager

Summary

Quarter-aligned featured master book: the same report period across the set, then the prior quarter.

137 of 137 filed constant set 136 2025 Q4 → 2026 Q1 equal-weight holdings as of 31 Mar 2026 as of today

2026 Q1

137 of 137 filed

sectors · equal-weight · 137 of 137 filed · constant set 136

Pie is 100% of mapped names. The hole is mapped share of full AUM. Unmapped names stay blank, never Other. mapped + unmapped ≤ 100 — options sit in the denominator. pie is that mapped slice, not the book.

Waterfall reads left to right: start, each sector’s Δ, then the end. Green is up, red is down. Equal-weight is mix-shift of the mapped pie; dollar-sum is mapped dollars. axis zoomed to the move.

Grid is each manager’s latest 13F (mixed dates). Long equity only. Dollars across the constant set.

91.5% of full AUM is mapped unmapped 4.3% all names

2025 Q4 → 2026 Q1 up down

1 not in 2026 Q1 — excluded from Δ: Tom Bancroft - Makaira Partners.

sector	2025 Q4	2026 Q1	Δ
Communication Services	8.5%	8.5%	+0.00%
Consumer Discretionary	17.4%	17.4%	+0.03%
Consumer Staples	2.4%	2.6%	+0.14%
Energy	4.3%	4.8%	+0.48%
Financials	17.3%	16.8%	−0.50%
Health Care	12.9%	13.2%	+0.25%
Industrials	10.1%	10.3%	+0.18%
Information Technology	19.8%	19.3%	−0.50%
Materials	2.5%	2.5%	+0.03%
Real Estate	3.2%	3.0%	−0.20%
Utilities	1.6%	1.6%	+0.09%

Real Estate · 100 shown · 137 of 137 filed · equal-weight

Share-count breadth; splits look like Adds. Direction is Δ equal-weight. Dollars across the constant set.

ticker	issuer	owners	eq	usd	Δ	new	add	reduce	exit
HHH	Howard Hughes Holdings Inc.	2 load holders	0.74%	0.04%	−0.00%	0	0	1	3
JOE	St Joe Co.	2 load holders	0.59%	0.08%	−0.01%	0	0	2	0
BN	Brookfield Corp.	10 load holders	0.36%	0.30%	−0.12%	0	1	8	3
CSGP	Costar Group Inc.	9 load holders	0.19%	0.12%	−0.08%	3	2	4	3
RYN	Rayonier Inc.	3 load holders	0.08%	0.02%	+0.03%	0	2	0	1
CBRE	Cbre Group Inc.	9 load holders	0.08%	0.11%	−0.02%	1	3	4	1
UNIT	Uniti Group LLC	3 load holders	0.07%	0.04%	+0.04%	0	0	0	0
PLD	Prologis Inc.	6 load holders	0.07%	0.02%	−0.01%	0	2	4	0
EQIX	Equinix Inc.	6 load holders	0.05%	0.10%	+0.04%	2	3	0	0
LRN	Stride Inc.	3 load holders	0.04%	<0.01%	+0.03%	2	1	0	0
EDU	New Oriental Ed & Technology	2 load holders	0.03%	<0.01%	+0.00%	0	1	1	1
KRC	Kilroy Realty Corp.	2 load holders	0.03%	0.03%	−0.01%	0	1	0	2
CPT	Camden Ppty Tr	3 load holders	0.03%	0.04%	−0.00%	0	2	1	0
SUI	Sun Communities, Inc.	3 load holders	0.02%	0.12%	−0.00%	0	1	2	0
CTO	Cto Rlty Growth Inc. New	1 load holders	0.02%	<0.01%	−0.00%	0	1	0	0
HR	Healthcare Rlty Tr	3 load holders	0.02%	0.01%	−0.01%	0	0	2	0
CVSA	Covista Inc.	1 load holders	0.02%	0.02%	+0.00%	0	1	0	0
WY	Weyerhaeuser Co.	8 load holders	0.02%	0.08%	−0.00%	1	4	2	0
LINE	Lineage Inc.	1 load holders	0.02%	0.02%	−0.00%	0	0	0	0
AMT	American Tower Corp.	6 load holders	0.02%	0.02%	−0.00%	0	1	3	0
GHC	Graham Hldgs Co.	2 load holders	0.01%	<0.01%	+0.00%	0	1	0	0
MAA	Mid-Amer Apt Cmntys Inc.	3 load holders	0.01%	0.04%	+0.00%	0	2	1	0
LAMR	Lamar Advertising Co.	4 load holders	0.01%	0.01%	+0.00%	0	2	1	1
AGNC	Agnc Invt Corp.	1 load holders	0.01%	<0.01%	−0.02%	0	0	1	0
KIM	Kimco Realty Corp.	2 load holders	0.01%	<0.01%	+0.00%	0	0	1	0
COLD	Americold Realty Trust Inc.	1 load holders	0.01%	<0.01%	+0.01%	0	1	0	0
ABR	Arbor Realty Trust Inc.	3 load holders	0.01%	<0.01%	+0.01%	2	0	0	0
ESRT	Empire St Rlty Tr Inc.	1 load holders	0.01%	<0.01%	+0.00%	0	1	0	0
DLR	Digital Rlty Tr Inc.	5 load holders	0.01%	<0.01%	+0.00%	1	1	1	1
BAM	Brookfield Asset Managmt Ltd	5 load holders	0.01%	<0.01%	−0.00%	0	2	2	0
DEI	Douglas Emmett Inc.	4 load holders	<0.01%	0.01%	+0.00%	0	2	1	0
CBL	Cbl & Associates Properties Inc.	1 load holders	<0.01%	<0.01%	−0.00%	0	0	1	0
AMH	American Homes 4 Rent - Class A	3 load holders	<0.01%	<0.01%	−0.00%	0	0	3	0
IRM	Iron Mtn Inc. Del	3 load holders	<0.01%	<0.01%	+0.00%	1	0	1	0
VTR	Ventas Inc.	3 load holders	<0.01%	<0.01%	+0.00%	0	0	2	0
ALX	Alexanders Inc.	1 load holders	<0.01%	<0.01%	−0.00%	0	0	1	0
SBAC	Sba Communications Corp.	2 load holders	<0.01%	0.14%	−0.00%	0	1	0	0
MAC	Macerich Co.	2 load holders	<0.01%	<0.01%	+0.00%	0	1	0	1
WELL	Welltower Inc.	3 load holders	<0.01%	0.02%	+0.00%	0	1	1	0
EQR	Equity Residential	4 load holders	<0.01%	0.04%	−0.00%	0	2	1	0
BXP	Bxp Inc.	3 load holders	<0.01%	0.03%	+0.00%	0	3	0	1
CCI	Crown Castle Inc.	3 load holders	<0.01%	<0.01%	+0.00%	1	0	1	0
FR	First Industrial Realty Trust, Inc.	1 load holders	<0.01%	<0.01%	−0.00%	0	0	1	0
EXR	Extra Space Storage Inc.	3 load holders	<0.01%	0.03%	+0.00%	0	2	1	0
VNO	Vornado Rlty Tr	1 load holders	<0.01%	<0.01%	−0.00%	0	1	0	0
GLPI	Gaming & Leisure Properties, Inc.	2 load holders	<0.01%	0.05%	+0.00%	0	0	2	0
DHC	Diversified Healthcare Tr	1 load holders	<0.01%	<0.01%	+0.00%	1	0	0	0
TAL	Tal Education Group	1 load holders	<0.01%	<0.01%	+0.00%	1	0	0	0
O	Realty Income Corp.	2 load holders	<0.01%	<0.01%	+0.00%	0	2	0	0
PRDO	Perdoceo Ed Corp.	1 load holders	<0.01%	<0.01%	+0.00%	1	0	0	0
DOC	Healthpeak Properties, Inc.	2 load holders	<0.01%	<0.01%	+0.00%	0	2	0	0
PSA	Public Storage Oper Co.	2 load holders	<0.01%	<0.01%	+0.00%	1	0	1	0
REXR	Rexford Indl Rlty Inc.	2 load holders	<0.01%	<0.01%	−0.02%	0	0	2	0
SPG	Simon Ppty Group Inc.	3 load holders	<0.01%	<0.01%	−0.00%	0	0	2	0
JAN	Janus Living Inc.	4 load holders	<0.01%	<0.01%	+0.00%	4	0	0	0
INVH	Invitation Homes Inc.	1 load holders	<0.01%	<0.01%	+0.00%	1	0	0	0
DBRG	Digitalbridge Group Inc.	1 load holders	<0.01%	<0.01%	−0.01%	0	0	1	1
EGP	Eastgroup Pptys Inc.	3 load holders	<0.01%	<0.01%	+0.00%	0	2	0	0
BXMT	Blackstone Mortgage Trust In	1 load holders	<0.01%	<0.01%	−0.00%	0	0	1	0
DRH	Diamondrock Hospitality Co.	1 load holders	<0.01%	<0.01%	−0.00%	0	0	1	0
UDR	Udr Inc.	1 load holders	<0.01%	<0.01%	+0.00%	1	0	0	1
BRX	Brixmor Property Group, Inc.	1 load holders	<0.01%	<0.01%	+0.00%	0	1	0	0
MPT	Medical Properties Trust Inc.	1 load holders	<0.01%	<0.01%	+0.00%	0	0	0	0
CUZ	Cousins Properties, Inc.	1 load holders	<0.01%	<0.01%	+0.00%	0	1	0	0
AVB	Avalonbay Communities, Inc.	1 load holders	<0.01%	<0.01%	−0.00%	0	1	0	0
REG	Regency Centers Corporation	1 load holders	<0.01%	<0.01%	+0.00%	0	1	0	0
FRMI	Fermi Inc.	3 load holders	<0.01%	<0.01%	−0.00%	1	1	1	1
CDP	Copt Defense Properties	1 load holders	<0.01%	<0.01%	+0.00%	0	1	0	0
HST	Host Hotels & Resorts Inc.	1 load holders	<0.01%	<0.01%	+0.00%	0	1	0	0
EPRT	Essential Pptys Rlty Tr Inc.	1 load holders	<0.01%	<0.01%	+0.00%	1	0	0	0
ARE	Alexandria Real Estate Equities, Inc.	1 load holders	<0.01%	<0.01%	−0.00%	0	1	0	0
LINC	Lincoln Edl Svcs Corp.	1 load holders	<0.01%	<0.01%	+0.00%	0	0	1	0
CUBE	Cubesmart	2 load holders	<0.01%	<0.01%	+0.00%	1	1	0	0
OUT	Outfront Media Inc.	3 load holders	<0.01%	<0.01%	−0.00%	1	0	2	0
GHC	Graham Corp.	2 load holders	<0.01%	<0.01%	−0.00%	0	1	1	1
ARI	Apollo Coml Real Estate Fin	1 load holders	<0.01%	<0.01%	+0.00%	1	0	0	0
ESS	Essex Property Trust, Inc.	2 load holders	<0.01%	<0.01%	−0.00%	0	1	1	0
VICI	Vici Properties, Inc.	1 load holders	<0.01%	<0.01%	+0.00%	0	1	0	0
PEB	Pebblebrook Hotel Tr	1 load holders	<0.01%	<0.01%	+0.00%	1	0	0	0
ADC	Agree Rlty Corp.	2 load holders	<0.01%	<0.01%	+0.00%	0	1	0	0
CHCT	Community Healthcare Trust, Inc.	1 load holders	<0.01%	<0.01%	+0.00%	0	1	0	0
OHI	Omega Healthcare Investors, Inc.	1 load holders	<0.01%	<0.01%	−0.00%	0	0	0	0
UTI	Universal Technical Inst Inc.	1 load holders	<0.01%	<0.01%	+0.00%	0	1	0	0
WPC	Wp Carey Inc.	2 load holders	<0.01%	<0.01%	−0.00%	0	0	0	0
UMH	Umh Pptys Inc.	1 load holders	<0.01%	<0.01%	−0.00%	0	1	0	0
BN	Brookfield Wealth Sol Ltd	1 load holders	<0.01%	<0.01%	−0.00%	0	0	0	0
ELS	Equity Lifestyle Properties	1 load holders	<0.01%	<0.01%	−0.00%	0	0	1	0
FVR	Frontview Reit Inc.	1 load holders	<0.01%	<0.01%	+0.00%	0	1	0	0
PXED	Phoenix Ed Partners Inc.	1 load holders	<0.01%	<0.01%	+0.00%	0	1	0	0
SKT	Tanger Inc.	1 load holders	<0.01%	<0.01%	−0.00%	0	1	0	0
RYN	Rayonier Advanced Matls Inc.	1 load holders	<0.01%	<0.01%	+0.00%	0	0	1	0
SMA	Smartstop Self Storag Reit I	1 load holders	<0.01%	<0.01%	−0.00%	0	0	1	0
APEI	American Pub Ed Inc.	1 load holders	<0.01%	<0.01%	+0.00%	0	1	0	0
STRW	Strawberry Fields Reit Inc.	1 load holders	<0.01%	<0.01%	−0.00%	0	1	0	0
LADR	Ladder Cap Corp.	1 load holders	<0.01%	<0.01%	−0.00%	0	0	0	0
SBRA	Sabra Health Care Reit Inc.	1 load holders	<0.01%	<0.01%	+0.00%	0	0	0	0
RHP	Ryman Hospitality Pptys Inc.	1 load holders	<0.01%	<0.01%	+0.00%	0	1	0	0
INN	Summit Hotel Properties Inc.	1 load holders	<0.01%	<0.01%	−0.00%	0	0	0	0
LAUR	Laureate Education, Inc.	1 load holders	<0.01%	<0.01%	−0.00%	0	1	0	1
NLY	Annaly Capital Management In	0 load holders	<0.01%	<0.01%	−0.03%	0	0	0	1