Rush Island Management, LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Rush Island Management, LP reported 22 stock positions worth $1.5 billion. Its top holding was Essex Property Trust (ESS) at 13.1% of the portfolio, followed by SBA Communications (SBAC, 11.3%) and Kilroy Realty (KRC, 9.2%). Compared with Q4 2025, it opened 9 new positions, sold out of 4, added to 4 and reduced 9. The biggest buy was a new position in Invitation Homes (INVH) and the biggest sale an exit from Udr (UDR).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001736465
- Portfolio Value
- $1.5B (Q1 2026)
- SEC Filing
- 0001214659-26-006469 ↗ filed May 15, 2026
Holdings Value
Holdings 22 stocks · $1.5B
| ESS Essex Property Trust Inc. | 13.12% | 807,893 | $195.5M | Add +26.8% |
| SBAC SBA Communications Corp. | 11.30% | 978,390 | $168.4M | Reduce -16.9% |
| KRC Kilroy Realty Corp. | 9.20% | 4,860,742 | $137.1M | Add +84.5% |
| NNN NNN REIT Inc. | 8.74% | 3,099,284 | $130.3M | Reduce -19.1% |
| HR Healthcare Realty Trust Inc. | 8.23% | 7,225,362 | $122.8M | Reduce -19.8% |
| VTR Ventas Inc. | 7.70% | 1,402,660 | $114.7M | Reduce -14.1% |
| INVH Invitation Homes Inc. | 7.06% | 4,237,107 | $105.3M | New |
| FR First Industrial Realty TR | 6.81% | 1,754,344 | $101.5M | Reduce -15.6% |
| FRT Federal Realty Invs Trust | 4.55% | 638,538 | $67.8M | Reduce -50.3% |
| IRT Independence Realty Trust Inc. | 3.45% | 3,456,162 | $51.5M | New |
| ADC Agree Realty Corp. | 3.43% | 677,438 | $51.1M | New |
| EPRT Essential Properties Realty | 2.54% | 1,249,087 | $37.9M | New |
| COLD Americold Realty Trust Inc. | 2.38% | 3,097,316 | $35.5M | Add +5.8% |
| AKR Acadia Realty Trust | 2.17% | 1,689,278 | $32.3M | Reduce -1.7% |
| SBRA Sabra Health Care REIT Inc. | 2.06% | 1,598,287 | $30.7M | New |
| SITC Site Centers Corp. filed as SITE CTRS CORP | 1.61% | 4,445,666 | $24.0M | Add +11.4% |
| CSGP Costar Group Inc. | 1.31% | 483,200 | $19.5M | New |
| APLE Apple Hospitality REIT Inc. | 1.15% | 1,489,435 | $17.1M | New |
| CURB Curbline Properties Corp. | 1.15% | 664,514 | $17.1M | Reduce -13.5% |
| FUN Six Flags Entertainment Corp. | 1.10% | 927,829 | $16.5M | Reduce -21.4% |
| JAN Janus Living Inc. Class-A-1 | 0.47% | 300,000 | $7.1M | New |
| SNDA Sonida Senior Living Inc. | 0.47% | 218,171 | $7.0M | New |
Portfolio Sells Q4 2025 → Q1 2026
| UDR Udr Inc. | Sold out | 0.00% | −8.17 |
| O Realty Income Corp. | Sold out | 0.00% | −7.06 |
| FRT Federal Realty Invs Trust | Reduce -50.3% | 4.55% | −3.54 |
| SBAC SBA Communications Corp. | Reduce -16.9% | 11.30% | −2.94 |
| NSA National Storage Affiliates | Sold out | 0.00% | −2.11 |
| HR Healthcare Realty Trust Inc. | Reduce -19.8% | 8.23% | −1.31 |
| SMA Smartstop Self Storage REIT | Sold out | 0.00% | −0.98 |
| NNN NNN REIT Inc. | Reduce -19.1% | 8.74% | −0.75 |
| FR First Industrial Realty TR | Reduce -15.6% | 6.81% | −0.63 |
| VTR Ventas Inc. | Reduce -14.1% | 7.70% | −0.20 |
| AKR Acadia Realty Trust | Reduce -1.7% | 2.17% | −0.04 |
| FUN Six Flags Entertainment Corp. | Reduce -21.4% | 1.10% | −0.03 |
| CURB Curbline Properties Corp. | Reduce -13.5% | 1.15% | +0.04 |
Portfolio Buys Q4 2025 → Q1 2026
| INVH Invitation Homes Inc. | New | 7.06% | +7.06 |
| IRT Independence Realty Trust Inc. | New | 3.45% | +3.45 |
| ADC Agree Realty Corp. | New | 3.43% | +3.43 |
| KRC Kilroy Realty Corp. | Add +84.5% | 9.20% | +3.05 |
| ESS Essex Property Trust Inc. | Add +26.8% | 13.12% | +2.70 |
| EPRT Essential Properties Realty | New | 2.54% | +2.54 |
| SBRA Sabra Health Care REIT Inc. | New | 2.06% | +2.06 |
| CSGP Costar Group Inc. | New | 1.31% | +1.31 |
| APLE Apple Hospitality REIT Inc. | New | 1.15% | +1.15 |
| JAN Janus Living Inc. Class-A-1 | New | 0.47% | +0.47 |
| SNDA Sonida Senior Living Inc. | New | 0.47% | +0.47 |
| COLD Americold Realty Trust Inc. | Add +5.8% | 2.38% | +0.03 |
| SITC Site Centers Corp. | Add +11.4% | 1.61% | +0.01 |
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 |