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Asset Manager ← All Institutions

Vert Asset Management LLC

85 LIBERTY SHIP WAY SUITE 201, SAUSALITO, CA 94965 • 415-650-7179

Q4 2025 · Filed 2026-01-27
Market Value
$299M
+0.6%
Holdings
47
+2
New Purchases
2
Added To
39
Closed
3
Reduced
3
Top 10 Concentration
62.9%
Turnover
10.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CPT 1.05% 0.00% +1.05% $3M
VTR 5.84% 4.87% +0.96% $17M
AMT 7.39% 6.67% +0.72% $22M
EQIX 7.61% 7.18% +0.43% $23M
KRG 0.34% 0.00% +0.34% $1M
HST 2.02% 1.78% +0.24% $6M
EQR 3.70% 3.47% +0.22% $11M
MAA 2.66% 2.49% +0.16% $8M
ELS 1.84% 1.70% +0.15% $6M
STAG 1.08% 0.98% +0.10% $3M
UDR 1.88% 1.78% +0.10% $6M
PECO 0.73% 0.67% +0.06% $2M
REXR 1.53% 1.48% +0.06% $5M
MAC 0.77% 0.71% +0.05% $2M
COLD 0.57% 0.53% +0.05% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
WELL 7.21% 8.25% -1.04% $22M
ARE 1.21% 1.97% -0.76% $4M
IRM 3.91% 4.61% -0.70% $12M
SPG 7.48% 8.13% -0.65% $22M
LXP 0.00% 0.43% -0.43% $0
DLR 7.30% 7.63% -0.33% $22M
DOC 1.85% 2.05% -0.20% $6M
RLJ 0.00% 0.16% -0.16% $0
VNO 0.86% 0.99% -0.13% $3M
EXR 4.51% 4.59% -0.09% $13M
HPP 0.00% 0.08% -0.08% $0
BXP 1.62% 1.70% -0.08% $5M
KRC 0.66% 0.74% -0.08% $2M
SLG 0.55% 0.63% -0.07% $2M
JBGS 0.18% 0.23% -0.05% $546K

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Real Estate 100.0%

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 21 $257M 86.1%
Mid Cap 16 $38M 12.6%
Small Cap 10 $4M 1.3%

Portfolio Analytics

Avg Market Cap
$21.6B
Median Market Cap
$8.4B
Avg P/E
42.4
Median P/E
29.9
Avg Dividend Yield
0.04%
Avg Beta
1.06
# Stocks
47
# ETFs / Funds
0

Top Holdings (47 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 EQIX 7.61% 29,684 $23M $766.16 $1M +2,440 +9.0%
2 SPG 7.48% 120,759 $22M $185.11 -$2M -8,058 -6.3%
3 PLD 7.41% 173,545 $22M $127.66 $62K -19,368 -10.0%
4 AMT 7.39% 125,806 $22M $175.57 $2M +22,684 +22.0%
5 DLR 7.30% 141,148 $22M $154.71 -$859K +9,865 +7.5%
6 WELL 7.21% 116,162 $22M $185.61 -$3M -21,603 -15.7%
7 VTR 5.84% 225,527 $17M $77.38 $3M +18,535 +8.9%
8 EXR 4.51% 103,492 $13M $130.22 -$183K +6,571 +6.8%
9 AVB 4.22% 69,583 $13M $181.31 $105K +4,817 +7.4%
10 IRM 3.91% 140,934 $12M $82.95 -$2M +6,353 +4.7%
11 EQR 3.70% 175,412 $11M $63.04 $724K +15,764 +9.9%
12 ESS 2.68% 30,650 $8M $261.68 $148K +1,238 +4.2%
13 MAA 2.66% 57,222 $8M $138.91 $534K +4,159 +7.8%
14 KIM 2.28% 336,256 $7M $20.27 $114K +29,552 +9.6%
15 HST 2.02% 340,417 $6M $17.73 $754K +30,085 +9.7%
16 REG 1.96% 84,912 $6M $69.03 $149K +6,547 +8.3%
17 UDR 1.88% 152,948 $6M $36.68 $316K +10,863 +7.7%
18 DOC 1.85% 344,289 $6M $16.08 -$565K +25,702 +8.1%
19 ELS 1.84% 91,011 $6M $60.61 $473K +7,920 +9.5%
20 BXP 1.62% 71,644 $5M $67.48 -$219K +3,669 +5.4%
21 REXR 1.53% 118,345 $5M $38.72 $191K +11,515 +10.8%
22 FRT 1.31% 38,860 $4M $100.80 $164K +1,812 +4.9%
23 BRX 1.27% 144,965 $4M $26.22 -$111K +3,653 +2.6%
24 ARE 1.21% 74,130 $4M $48.94 -$2M +3,864 +5.5%
25 STAG 1.08% 87,975 $3M $36.76 $307K +5,048 +6.1%
26 CPT 1.05% 28,619 $3M $110.08 +28,619 NEW
27 VNO 0.86% 77,387 $3M $33.28 -$366K +4,804 +6.6%
28 MAC 0.77% 123,984 $2M $18.46 $170K +7,567 +6.5%
29 CUZ 0.76% 88,259 $2M $25.78 $44K +11,149 +14.5%
30 PECO 0.73% 61,202 $2M $35.57 $181K +3,074 +5.3%
31 KRC 0.66% 53,200 $2M $37.37 -$217K +1,019 +1.9%
32 COLD 0.57% 133,439 $2M $12.86 $152K +5,660 +4.4%
33 SLG 0.55% 36,178 $2M $45.87 -$212K +4,883 +15.6%
34 UE 0.34% 53,474 $1M $19.19 -$38K +1,511 +2.9%
35 KRG 0.34% 41,869 $1M $23.97 +41,869 NEW
36 DRH 0.30% 99,710 $893K $8.96 $140K +5,081 +5.4%
37 ALEX 0.24% 34,138 $705K $20.64 $107K +1,258 +3.8%
38 UMH 0.20% 37,247 $593K $15.91 $63K +1,564 +4.4%
39 VRE 0.19% 39,131 $582K $14.88 $15K +1,813 +4.9%
40 JBGS 0.18% 32,071 $546K $17.01 -$146K +997 +3.2%
41 CSR 0.16% 7,335 $489K $66.72 $88K +523 +7.7%
42 AAT 0.13% 21,276 $403K $18.93 -$21K +407 +1.9%
43 ESRT 0.13% 59,090 $385K $6.52 -$44K +3,017 +5.4%
44 BDN 0.07% 72,480 $212K $2.92 -$65K +6,184 +9.3%
45 LXP —% -$1M -144,068 -100.0% SOLD
46 HPP —% -$251K -90,954 -100.0% SOLD
47 RLJ —% -$489K -67,864 -100.0% SOLD

New Positions

SymbolValue% Port
CPT $3M 1.05%
KRG $1M 0.34%

Sold Out Positions

SymbolValue% Port
LXP —%
HPP —%
RLJ —%
View SEC EDGAR Filings for Vert Asset Management LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms