Rush Island Management, LP In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Rush Island Management, LP reported 17 stock positions worth $1.5 billion . Its top holding was Healthcare Realty Trust (HR) at 14.7% of the portfolio, followed by Ventas (VTR, 10.6% ) and Federal Realty Invs Trust (FRT, 9.9% ). Compared with Q1 2025, it opened 6 new positions, sold out of 3, added to 4 and reduced 6. The biggest buy was a new position in Six Flags Entertainment (FUN) and the biggest sale an exit from Rexford Industrial Realty (REXR).
Location NEW YORK, NY
CIK 0001736465
Portfolio Value $1.5B (Q2 2025) Holdings 17 stocks · $1.5B 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 Q1 2025 HR Healthcare Realty Trust Inc. 14,260,152 $226.2M Add +13.8% VTR Ventas Inc. 2,576,620 $162.7M Reduce -5.8% FRT Federal Realty Invs Trust 1,605,736 $152.5M Add +13.3% NNN NNN REIT Inc. 3,300,053 $142.5M Reduce -0.2% KRC Kilroy Realty Corp. 4,050,074 $139.0M Reduce -8.8% O Realty Income Corp. 2,374,494 $136.8M Reduce -15.0% FUN Six Flags Entertainment Corp. 3,794,084 $115.5M New SBAC SBA Communications Corp. 360,661 $84.7M Reduce -34.2% FR First Industrial Realty TR 1,660,174 $79.9M New H Hyatt Hotels Corp. Class A 497,517 $69.5M Add +49.0% HST Host Hotels & Resorts Inc. 4,374,633 $67.2M Reduce -42.0% EQIX Equinix Inc. 52,126 $41.5M New AIV Apartment Invt & Mgmt Co. Class A 4,779,357 $41.3M No change SITC Site Centers Corp. filed as SITE CTRS CORP 2,749,546 $31.1M Add +16.9% CORZ Core Scientific Inc. 1,218,475 $20.8M New HUDSON PAC PPTYS INC 4,529,012 $12.4M New PGRE Paramount Group Inc. 2,015,533 $12.3M New
Options reported separately and not counted above: CORZ calls ($13.8M).
Portfolio Sells Q1 2025 → Q2 2025 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 Q1 2025 % Of Portfolio Change To Portfolio ▲ REXR Rexford Industrial Realty Inc. Sold out 0.00% −7.71 CUZ Cousins Properties Inc. Sold out 0.00% −5.15 BKD Brookdale Senior Living Inc. Sold out 0.00% −2.58 HST Host Hotels & Resorts Inc. Reduce -42.0% 4.38% −2.45 SBAC SBA Communications Corp. Reduce -34.2% 5.51% −2.16 O Realty Income Corp. Reduce -15.0% 8.91% −1.41 VTR Ventas Inc. Reduce -5.8% 10.59% −1.38 KRC Kilroy Realty Corp. Reduce -8.8% 9.05% −0.21 NNN NNN REIT Inc. Reduce -0.2% 9.28% +0.30
Portfolio Buys Q1 2025 → Q2 2025 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 Q1 2025 % Of Portfolio Change To Portfolio ▼ FUN Six Flags Entertainment Corp. New 7.52% +7.52 FR First Industrial Realty TR New 5.20% +5.20 EQIX Equinix Inc. New 2.70% +2.70 H Hyatt Hotels Corp. Class A Add +49.0% 4.52% +1.92 CORZ Core Scientific Inc. New 1.35% +1.35 HR Healthcare Realty Trust Inc. Add +13.8% 14.73% +1.24 FRT Federal Realty Invs Trust Add +13.3% 9.93% +1.10 HUDSON PAC PPTYS INC New 0.81% +0.81 PGRE Paramount Group Inc. New 0.80% +0.80 SITC Site Centers Corp. Add +16.9% 2.02% +0.10
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ CORZ Core Scientific Inc. call New 810,800 $13.8M
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