Rush Island Management, LP In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Rush Island Management, LP reported 15 stock positions worth $1.1 billion . Its top holding was Healthcare Realty Trust (HR) at 19.5% of the portfolio, followed by Realty Income (O, 16.3% ) and Federal Realty Invs Trust (FRT, 11.5% ). Compared with Q4 2023, it opened 4 new positions, sold out of 3, added to 8 and reduced 3. The biggest buy was WP Carey (WPC, shares +483% ) and the biggest sale NNN REIT (NNN, shares −38% ).
Location NEW YORK, NY
CIK 0001736465
Portfolio Value $1.1B (Q1 2024) Holdings 15 stocks · $1.1B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 HR Healthcare Realty Trust Inc. 15,885,348 $224.8M Add +31.1% O Realty Income Corp. 3,457,301 $187.0M Add +3.4% FRT Federal Realty Invs Trust 1,295,607 $132.3M Add +75.4% NNN NNN REIT Inc. 2,788,188 $119.2M Reduce -38.3% SHO Sunstone Hotel Investors Inc. 9,437,304 $105.1M Add +3.3% VTR Ventas Inc. 1,721,621 $75.0M Add +69.7% WPC WP Carey Inc. 1,235,166 $69.7M Add +483.4% SITC Site Centers Corp. filed as SITE CTRS CORP 4,484,880 $65.7M Add +215.1% SIX Six Flags Entertainment Corp. 1,999,206 $52.6M Reduce -19.2% VRE Veris Residential Inc. 2,169,128 $33.0M New CWK Cushman & Wakefield UK Holdc 2,737,122 $28.6M Reduce -4.0% NTST Netstreit Corp. 1,018,042 $18.7M New IVT Inventrust Properties Corp. 569,739 $14.6M Add +4.8% COLD Americold Realty Trust Inc. 560,000 $14.0M New BKD Brookdale Senior Living Inc. 1,433,766 $9.5M New
Options reported separately and not counted above: PLD puts ($4.9M).
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ NNN NNN REIT Inc. Reduce -38.3% 10.36% −7.34 SUI Sun Communities Inc. Sold out 0.00% −5.27 PK Park Hotels & Resorts Inc. Sold out 0.00% −3.79 DEI Douglas Emmett Inc. Sold out 0.00% −3.71 SIX Six Flags Entertainment Corp. Reduce -19.2% 4.58% −1.06 CWK Cushman & Wakefield UK Holdc Reduce -4.0% 2.49% −0.31
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ WPC WP Carey Inc. Add +483.4% 6.06% +4.82 FRT Federal Realty Invs Trust Add +75.4% 11.51% +4.59 SITC Site Centers Corp. Add +215.1% 5.71% +3.95 VRE Veris Residential Inc. New 2.87% +2.87 VTR Ventas Inc. Add +69.7% 6.52% +1.93 NTST Netstreit Corp. New 1.63% +1.63 COLD Americold Realty Trust Inc. New 1.21% +1.21 BKD Brookdale Senior Living Inc. New 0.82% +0.82 HR Healthcare Realty Trust Inc. Add +31.1% 19.55% +0.58 SHO Sunstone Hotel Investors Inc. Add +3.3% 9.14% +0.23 IVT Inventrust Properties Corp. Add +4.8% 1.27% +0.02 O Realty Income Corp. Add +3.4% 16.27% −1.18
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ DHI D.R. Horton Inc. put Sold out 652,100 $99.1Mbefore exit PLD Prologis Inc. put Reduce -95.3% 37,700 $4.9M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 22 $1.5B INVH, ESS, NNN, KRC, HR Q1 2026 22 $1.5B ESS, SBAC, KRC, NNN, HR Q4 2025 17 $1.6B SBAC, ESS, HR, NNN, UDR Q3 2025 17 $1.5B SBAC, ESS, HR, FRT, NNN Q2 2025 17 $1.5B HR, VTR, FRT, NNN, KRC Q1 2025 14 $1.6B HR, VTR, O, KRC, NNN Q4 2024 14 $1.5B HR, VTR, O, FRT, REXR Q3 2024 18 $1.3B HR, O, NNN, FRT, SHO Q2 2024 13 $1.2B HR, O, FRT, NNN, SHO Q1 2024 15 $1.1B HR, O, FRT, NNN, SHO