Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 -0.5%
S&P 500 total return (same window) +37.0%
Excess return -37.5%

Annualized: -0.4% · S&P 500: +28.7%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Real Estate 89.2%
Industrials 6.5%
Communication Services 4.3%

Full portfolio 3 positions

05
Type Streak 8Q trend
SAFE Safehold Inc. New Common Stock $90,789,097 89.19% 5,782,745 $12,548,557
HAYW Hayward Holdings, Inc. Common Stock $6,651,004 6.53% 384,229 $1,510,020
TSQ Townsquare Media, Inc. Class A Common Stock $4,350,023 4.27% 615,279 $402,283 Down ×1

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
SAFE Price move only +0 +$12.5M
HAYW Price move only +0 +$1.5M
TSQ Trimmed -112K +$402K