Rush Island Management, LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Rush Island Management, LP reported 18 stock positions worth $1.3 billion. Its top holding was Healthcare Realty Trust (HR) at 18.1% of the portfolio, followed by Realty Income (O, 17.3%) and NNN REIT (NNN, 10.3%). Compared with Q2 2024, it opened 8 new positions, sold out of 3, added to 2 and reduced 7. The biggest buy was a new position in First Industrial Realty TR (FR) and the biggest sale Site Centers (SITC, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001736465
- Portfolio Value
- $1.3B (Q3 2024)
- SEC Filing
- 0001214659-24-019143 ↗ filed Nov 14, 2024
Holdings Value
Holdings 18 stocks · $1.3B
| HR Healthcare Realty Trust Inc. | 18.14% | 12,933,592 | $234.7M | Reduce -24.0% |
| O Realty Income Corp. | 17.27% | 3,523,720 | $223.5M | Reduce -8.7% |
| NNN NNN REIT Inc. | 10.27% | 2,740,981 | $132.9M | Reduce -6.7% |
| FRT Federal Realty Invs Trust | 8.94% | 1,006,614 | $115.7M | Reduce -37.4% |
| SHO Sunstone Hotel Investors Inc. | 7.71% | 9,663,978 | $99.7M | No change |
| VTR Ventas Inc. | 6.66% | 1,343,336 | $86.1M | Reduce -27.1% |
| FR First Industrial Realty TR | 4.70% | 1,086,963 | $60.8M | New |
| DRH Diamondrock Hospitality Co. | 4.00% | 5,925,125 | $51.7M | New |
| SBAC SBA Communications Corp. | 3.70% | 199,009 | $47.9M | New |
| KRG Kite Realty Group Trust | 3.64% | 1,773,717 | $47.1M | Reduce -14.2% |
| CUZ Cousins Properties Inc. | 3.59% | 1,573,716 | $46.4M | New |
| NTST Netstreit Corp. | 3.02% | 2,364,964 | $39.1M | Add +18.0% |
| BKD Brookdale Senior Living Inc. | 2.68% | 5,116,632 | $34.7M | Add +31.9% |
| CORZ Core Scientific Inc. | 2.49% | 2,716,800 | $32.2M | New |
| AIV Apartment Invt & Mgmt Co. Class A | 1.24% | 1,769,790 | $16.0M | New |
| SITC Site Centers Corp. filed as SITE CTRS CORP | 1.06% | 227,435 | $13.8M | Reduce -85.6% |
| SITC Site Centers Corp. W/I filed as SITE CTRS CORP | 0.52% | 378,756 | $6.7M | New |
| IREN Iren Ltd. filed as IRIS ENERGY LTD | 0.37% | 566,744 | $4.8M | New |
Portfolio Sells Q2 2024 → Q3 2024
| SITC Site Centers Corp. | Reduce -85.6% | 1.06% | −6.45 |
| HR Healthcare Realty Trust Inc. | Reduce -24.0% | 18.14% | −4.87 |
| FRT Federal Realty Invs Trust | Reduce -37.4% | 8.94% | −4.38 |
| CWK Cushman & Wakefield UK Holdc | Sold out | 0.00% | −1.74 |
| SBRA Sabra Health Care REIT Inc. | Sold out | 0.00% | −1.62 |
| IVT Inventrust Properties Corp. | Sold out | 0.00% | −1.16 |
| VTR Ventas Inc. | Reduce -27.1% | 6.66% | −1.09 |
| KRG Kite Realty Group Trust | Reduce -14.2% | 3.64% | −0.15 |
| NNN NNN REIT Inc. | Reduce -6.7% | 10.27% | +0.01 |
| O Realty Income Corp. | Reduce -8.7% | 17.27% | +0.55 |
Portfolio Buys Q2 2024 → Q3 2024
| FR First Industrial Realty TR | New | 4.70% | +4.70 |
| DRH Diamondrock Hospitality Co. | New | 4.00% | +4.00 |
| SBAC SBA Communications Corp. | New | 3.70% | +3.70 |
| CUZ Cousins Properties Inc. | New | 3.59% | +3.59 |
| CORZ Core Scientific Inc. | New | 2.49% | +2.49 |
| AIV Apartment Invt & Mgmt Co. Class A | New | 1.24% | +1.24 |
| SITC Site Centers Corp. W/I | New | 0.52% | +0.52 |
| BKD Brookdale Senior Living Inc. | Add +31.9% | 2.68% | +0.51 |
| NTST Netstreit Corp. | Add +18.0% | 3.02% | +0.37 |
| IREN Iren Ltd. | New | 0.37% | +0.37 |
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 |