Kawa Capital Management, Inc

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 21, 2026), Kawa Capital Management, Inc reported 4 stock positions worth $43.2 million. Its top holding was Brandywine Realty Trust (BDN) at 36.4% of the portfolio, followed by Orion Properties (ONL, 29.0%) and Alexandria Real Estate Equit (ARE, 18.3%). Compared with Q3 2025, it opened 1 new position, sold out of 2 and reduced 1. The biggest buy was a new position in Alexandria Real Estate Equit (ARE) and the biggest sale an exit from Gerdau SA -Spon ADR (GGB).

Most Recent 13F
Q4 2025
Location
HALLANDALE BEACH, FL
CIK
0001534242
Portfolio Value
$43.2M (Q4 2025)
SEC Filing
0001534242-26-000001 ↗ filed Jan 21, 2026

Holdings Value

0$20.0M$40.0M$60.0M Q4 2024: $36.9M Q4 2024 Q1 2025: $44.7M Q1 2025 Q2 2025: $54.9M Q2 2025 Q3 2025: $55.2M Q3 2025 Q4 2025: $43.2M $43.2M Q4 2025

Holdings 4 stocks · $43.2M
BDN Brandywine Realty Trust 36.37% 3,923,145 $15.7M No change
ONL Orion Properties Inc. 28.99% 5,474,027 $12.5M No change
ARE Alexandria Real Estate Equit 18.33% 160,000 $7.9M New
VALE Vale SA-SP ADR 16.31% 520,000 $7.1M Reduce -49.0%

Portfolio Sells Q3 2025 → Q4 2025
GGB Gerdau SA -Spon ADR Sold out 0.00% −11.77
DK Delek US Holdings Inc. Sold out 0.00% −11.70
VALE Vale SA-SP ADR Reduce -49.0% 16.31% −3.77

Portfolio Buys Q3 2025 → Q4 2025
ARE Alexandria Real Estate Equit New 18.33% +18.33

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2025 4$43.2MBDN, ONL, ARE, VALE
Q3 2025 5$55.2MBDN, ONL, VALE, GGB, DK
Q2 2025Amended 6$54.9MBDN, ONL, BHF, DK, VALE
Q1 2025 6$44.7MBDN, EWZ, DK, VALE, GGB
Q4 2024 4$36.9MBDN, EWZ, VALE, DK