Rush Island Management, LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Rush Island Management, LP reported 14 stock positions worth $1.5 billion. Its top holding was Healthcare Realty Trust (HR) at 17.7% of the portfolio, followed by Ventas (VTR, 12.1%) and Realty Income (O, 11.4%). Compared with Q3 2024, it opened 3 new positions, sold out of 7, added to 9 and reduced 2. The biggest buy was a new position in Rexford Industrial Realty (REXR) and the biggest sale an exit from Sunstone Hotel Investors (SHO).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001736465
- Portfolio Value
- $1.5B (Q4 2024)
- SEC Filing
- 0001214659-25-002846 ↗ filed Feb 14, 2025
Holdings Value
Holdings 14 stocks · $1.5B
| HR Healthcare Realty Trust Inc. | 17.67% | 15,681,440 | $265.8M | Add +21.3% |
| VTR Ventas Inc. | 12.13% | 3,097,830 | $182.4M | Add +130.6% |
| O Realty Income Corp. | 11.39% | 3,207,870 | $171.3M | Reduce -9.0% |
| FRT Federal Realty Invs Trust | 8.85% | 1,188,734 | $133.1M | Add +18.1% |
| REXR Rexford Industrial Realty Inc. | 8.82% | 3,432,508 | $132.7M | New |
| NNN NNN REIT Inc. | 8.16% | 3,003,606 | $122.7M | Add +9.6% |
| KRC Kilroy Realty Corp. | 7.28% | 2,707,102 | $109.5M | New |
| HST Host Hotels & Resorts Inc. | 6.61% | 5,673,604 | $99.4M | New |
| CUZ Cousins Properties Inc. | 6.14% | 3,011,843 | $92.3M | Add +91.4% |
| FR First Industrial Realty TR | 5.47% | 1,640,530 | $82.2M | Add +50.9% |
| BKD Brookdale Senior Living Inc. | 2.78% | 8,303,926 | $41.8M | Add +62.3% |
| AIV Apartment Invt & Mgmt Co. Class A | 2.75% | 4,543,774 | $41.3M | Add +156.7% |
| SITC Site Centers Corp. filed as SITE CTRS CORP | 1.61% | 1,582,301 | $24.2M | Add +595.7% |
| NTST Netstreit Corp. | 0.35% | 370,640 | $5.2M | Reduce -84.3% |
Portfolio Sells Q3 2024 → Q4 2024
| SHO Sunstone Hotel Investors Inc. | Sold out | 0.00% | −7.71 |
| O Realty Income Corp. | Reduce -9.0% | 11.39% | −5.88 |
| DRH Diamondrock Hospitality Co. | Sold out | 0.00% | −4.00 |
| SBAC SBA Communications Corp. | Sold out | 0.00% | −3.70 |
| KRG Kite Realty Group Trust | Sold out | 0.00% | −3.64 |
| NTST Netstreit Corp. | Reduce -84.3% | 0.35% | −2.67 |
| CORZ Core Scientific Inc. | Sold out | 0.00% | −2.49 |
| SITC Site Centers Corp. W/I | Sold out | 0.00% | −0.52 |
| IREN Iren Ltd. | Sold out | 0.00% | −0.37 |
Portfolio Buys Q3 2024 → Q4 2024
| REXR Rexford Industrial Realty Inc. | New | 8.82% | +8.82 |
| KRC Kilroy Realty Corp. | New | 7.28% | +7.28 |
| HST Host Hotels & Resorts Inc. | New | 6.61% | +6.61 |
| VTR Ventas Inc. | Add +130.6% | 12.13% | +5.47 |
| CUZ Cousins Properties Inc. | Add +91.4% | 6.14% | +2.55 |
| AIV Apartment Invt & Mgmt Co. Class A | Add +156.7% | 2.75% | +1.51 |
| FR First Industrial Realty TR | Add +50.9% | 5.47% | +0.77 |
| SITC Site Centers Corp. | Add +595.7% | 1.61% | +0.55 |
| BKD Brookdale Senior Living Inc. | Add +62.3% | 2.78% | +0.09 |
| FRT Federal Realty Invs Trust | Add +18.1% | 8.85% | −0.09 |
| HR Healthcare Realty Trust Inc. | Add +21.3% | 17.67% | −0.47 |
| NNN NNN REIT Inc. | Add +9.6% | 8.16% | −2.11 |
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 |