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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | VANGUARD SCOTTSDALE FDS | $13.6M | 230855 | 14.34% |
| 2 | FTAI AVIATION LTD | $7.1M | 42838 | 7.54% |
| 3 | AMERICAN TOWER CORP NEW | $6.4M | 33206 | 6.74% |
| 4 | PROLOGIS INC. | $5.7M | 49450 | 5.98% |
| 5 | FTAI INFRASTRUCTURE INC | $5.6M | 1287999 | 5.93% |
| 6 | EQUINIX INC | $5.1M | 6469 | 5.35% |
| 7 | CAESARS ENTERTAINMENT INC NE | $4.6M | 170109 | 4.85% |
| 8 | DIGITAL RLTY TR INC | $4.2M | 24253 | 4.43% |
| 9 | SIMON PPTY GROUP INC NEW | $4.1M | 22028 | 4.36% |
| 10 | MACERICH CO | $3.2M | 174287 | 3.35% |
| 11 | VENTAS INC | $3.0M | 42584 | 3.15% |
| 12 | CADIZ INC | $2.8M | 601113 | 2.99% |
| 13 | MGM RESORTS INTERNATIONAL | $2.5M | 72068 | 2.64% |
| 14 | IRON MTN INC DEL | $2.5M | 24433 | 2.63% |
| 15 | CBRE GROUP INC | $2.5M | 15698 | 2.61% |
| 16 | WELLTOWER INC | $2.3M | 12723 | 2.39% |
| 17 | CROWN CASTLE INC | $2.2M | 23206 | 2.36% |
| 18 | EXTRA SPACE STORAGE INC | $2.2M | 15490 | 2.30% |
| 19 | COSTAR GROUP INC | $2.1M | 24364 | 2.17% |
| 20 | PUBLIC STORAGE OPER CO | $1.5M | 5027 | 1.53% |
| 21 | ALEXANDRIA REAL ESTATE EQ IN | $1.4M | 17316 | 1.52% |
| 22 | ZILLOW GROUP INC | $1.3M | 15621 | 1.33% |
| 23 | INVITATION HOMES INC | $1.2M | 41767 | 1.29% |
| 24 | AVALONBAY CMNTYS INC | $1.1M | 5933 | 1.21% |
| 25 | SBA COMMUNICATIONS CORP NEW | $992K | 5131 | 1.05% |
| 26 | EQUITY RESIDENTIAL | $924K | 14274 | 0.98% |
| 27 | WEYERHAEUSER CO MTN BE | $722K | 29106 | 0.76% |
| 28 | REXFORD INDL RLTY INC | $626K | 15239 | 0.66% |
| 29 | SUN CMNTYS INC | $595K | 4609 | 0.63% |
| 30 | ANNALY CAPITAL MANAGEMENT IN | $553K | 27373 | 0.58% |
| 31 | AGNC INVT CORP | $461K | 47117 | 0.49% |
| 32 | AMERICAN HOMES 4 RENT | $443K | 13335 | 0.47% |
| 33 | KIRBY CORP | $427K | 5112 | 0.45% |
| 34 | EQUITY LIFESTYLE PPTYS INC | $426K | 7022 | 0.45% |
| 35 | CUBESMART | $347K | 8535 | 0.37% |
| 36 | AMERICOLD REALTY TRUST INC | $123K | 10064 | 0.13% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.