Kawa Capital Management, Inc

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 6, 2025), Kawa Capital Management, Inc reported 5 stock positions worth $55.2 million. Its top holding was Brandywine Realty Trust (BDN) at 29.7% of the portfolio, followed by Orion Properties (ONL, 26.8%) and Vale SA-SP ADR (VALE, 20.1%). Compared with Q2 2025, it sold out of 1, added to 2 and reduced 1. The biggest buy was Vale SA-SP ADR (VALE, shares +50%) and the biggest sale an exit from Brighthouse Financial (BHF).