Vert Asset Management LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 17, 2024), Vert Asset Management LLC reported 42 stock positions worth $250.9 million. Its top holding was Digital Realty Trust (DLR) at 7.5% of the portfolio, followed by Welltower (WELL, 7.5%) and Simon Property (SPG, 7.3%). Compared with Q1 2024, it opened 4 new positions, sold out of 4, added to 15 and reduced 21. The biggest buy was Mid-America Apartment Comm (MAA, shares +1442%) and the biggest sale Simon Property (SPG, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- SAUSALITO, CA
- CIK
- 0001904664
- Portfolio Value
- $250.9M (Q2 2024)
- SEC Filing
- 0001803291-24-000005 ↗ filed Jul 17, 2024
Holdings Value
Holdings 42 stocks · $250.9M
| DLR Digital Realty Trust Inc. | 7.49% | 123,669 | $18.8M | Add +6.2% |
| WELL Welltower Inc. | 7.46% | 179,633 | $18.7M | Reduce -1.9% |
| SPG Simon Property Group Inc. | 7.32% | 120,927 | $18.4M | Reduce -8.9% |
| PLD Prologis Inc. | 7.25% | 161,877 | $18.2M | Add +17.1% |
| AMT American Tower Corp. | 7.15% | 92,272 | $17.9M | Add +6.4% |
| EQIX Equinix Inc. | 6.93% | 22,976 | $17.4M | Add +13.4% |
| EXR Extra Space Storage Inc. | 5.28% | 85,275 | $13.3M | Reduce -1.4% |
| AVB Avalonbay Communities Inc. | 4.72% | 57,192 | $11.8M | Reduce -2.7% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 4.20% | 117,664 | $10.5M | Reduce -3.5% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 3.84% | 138,905 | $9.6M | Reduce -7.3% |
| VTR Ventas Inc. | 3.31% | 162,135 | $8.3M | Reduce -3.1% |
| ARE Alexandria Real Estate Equit | 3.01% | 64,560 | $7.6M | Reduce -6.8% |
| ESS Essex Property Trust Inc. | 2.77% | 25,530 | $6.9M | Reduce -4.3% |
| MAA Mid-America Apartment Comm | 2.64% | 46,527 | $6.6M | Add +1441.7% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 2.43% | 50,651 | $6.1M | Add +0.9% |
| DOC Healthpeak Properties Inc. | 2.23% | 285,414 | $5.6M | Add +27.3% |
| UDR Udr Inc. | 2.12% | 129,237 | $5.3M | Reduce -0.5% |
| KIM Kimco Realty Corp. | 2.09% | 269,736 | $5.2M | Add +3.6% |
| HST Host Hotels & Resorts Inc. | 2.01% | 280,350 | $5.0M | Reduce -4.0% |
| ELS Equity Lifestyle Properties | 1.87% | 71,914 | $4.7M | Reduce -0.8% |
| REG Regency Centers Corp. | 1.74% | 70,101 | $4.4M | Add +2.9% |
| REXR Rexford Industrial Realty Inc. | 1.58% | 88,717 | $4.0M | Add +1.1% |
| BXP BXP Inc. filed as BOSTON PROPERTIES INC | 1.49% | 60,767 | $3.7M | Reduce -1.6% |
| FRT Federal Realty Invs Trust | 1.17% | 29,127 | $2.9M | Reduce -5.6% |
| COLD Americold Realty Trust Inc. | 1.14% | 111,967 | $2.9M | Reduce -4.1% |
| STAG Stag Industrial Inc. | 1.09% | 75,568 | $2.7M | Add +2.2% |
| BRX Brixmor Property Group Inc. | 1.07% | 116,284 | $2.7M | New |
| VNO Vornado Realty Trust | 0.71% | 67,958 | $1.8M | Add +5.8% |
| SLG SL Green Realty Corp. | 0.60% | 26,515 | $1.5M | New |
| KRC Kilroy Realty Corp. | 0.58% | 46,972 | $1.5M | Add +7.7% |
| MAC The Macerich Co. | 0.53% | 85,832 | $1.3M | Reduce -8.8% |
| LXP LXP Industrial Trust | 0.43% | 118,266 | $1.1M | New |
| DRH Diamondrock Hospitality Co. | 0.27% | 80,841 | $683K | Reduce -7.4% |
| RLJ RLJ Lodging Trust | 0.25% | 64,665 | $623K | No change |
| ESRT Empire State Realty Trust-A | 0.20% | 53,349 | $500K | Reduce -2.8% |
| JBGS JBG Smith Properties | 0.19% | 31,650 | $482K | Reduce -12.8% |
| VRE Veris Residential Inc. | 0.19% | 31,690 | $475K | Add +9.8% |
| AAT American Assets Trust Inc. | 0.19% | 20,869 | $467K | No change |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.16% | 25,598 | $409K | Add +5.3% |
| CSR Centerspace | 0.13% | 4,693 | $317K | New |
| BDN Brandywine Realty Trust | 0.12% | 66,296 | $297K | Reduce -1.1% |
| HUDSON PAC PPTYS INC | 0.07% | 36,698 | $177K | Reduce -29.4% |
Portfolio Sells Q1 2024 → Q2 2024
| SPG Simon Property Group Inc. | Reduce -8.9% | 7.32% | −1.42 |
| ARE Alexandria Real Estate Equit | Reduce -6.8% | 3.01% | −0.75 |
| HASI Ha Sustainable Infrastructur | Sold out | 0.00% | −0.55 |
| HST Host Hotels & Resorts Inc. | Reduce -4.0% | 2.01% | −0.53 |
| SHO Sunstone Hotel Investors Inc. | Sold out | 0.00% | −0.37 |
| ALEX Alexander & Baldwin Inc. | Sold out | 0.00% | −0.21 |
| BXP BXP Inc. | Reduce -1.6% | 1.49% | −0.21 |
| MAC The Macerich Co. | Reduce -8.8% | 0.53% | −0.15 |
| FRT Federal Realty Invs Trust | Reduce -5.6% | 1.17% | −0.15 |
| VMRK Vivmark Residential | Reduce -7.3% | 3.84% | −0.14 |
| ELS Equity Lifestyle Properties | Reduce -0.8% | 1.87% | −0.10 |
| COLD Americold Realty Trust Inc. | Reduce -4.1% | 1.14% | −0.08 |
| DRH Diamondrock Hospitality Co. | Reduce -7.4% | 0.27% | −0.08 |
| HUDSON PAC PPTYS INC | Reduce -29.4% | 0.07% | −0.07 |
| EXR Extra Space Storage Inc. | Reduce -1.4% | 5.28% | −0.07 |
| JBGS JBG Smith Properties | Reduce -12.8% | 0.19% | −0.05 |
| ESRT Empire State Realty Trust-A | Reduce -2.8% | 0.20% | −0.03 |
| FSP Franklin Street Properties C | Sold out | 0.00% | −0.02 |
| BDN Brandywine Realty Trust | Reduce -1.1% | 0.12% | −0.02 |
| ESS Essex Property Trust Inc. | Reduce -4.3% | 2.77% | +0.02 |
| UDR Udr Inc. | Reduce -0.5% | 2.12% | +0.08 |
| IRM Iron Mountain Inc. | Reduce -3.5% | 4.20% | +0.09 |
| AVB Avalonbay Communities Inc. | Reduce -2.7% | 4.72% | +0.13 |
| VTR Ventas Inc. | Reduce -3.1% | 3.31% | +0.25 |
| WELL Welltower Inc. | Reduce -1.9% | 7.46% | +0.27 |
Portfolio Buys Q1 2024 → Q2 2024
| MAA Mid-America Apartment Comm | Add +1441.7% | 2.64% | +2.48 |
| BRX Brixmor Property Group Inc. | New | 1.07% | +1.07 |
| SLG SL Green Realty Corp. | New | 0.60% | +0.60 |
| DOC Healthpeak Properties Inc. | Add +27.3% | 2.23% | +0.46 |
| DLR Digital Realty Trust Inc. | Add +6.2% | 7.49% | +0.44 |
| LXP LXP Industrial Trust | New | 0.43% | +0.43 |
| CSR Centerspace | New | 0.13% | +0.13 |
| VRE Veris Residential Inc. | Add +9.8% | 0.19% | +0.00 |
| REG Regency Centers Corp. | Add +2.9% | 1.74% | +0.00 |
| UMH Umh Properties Inc. | Add +5.3% | 0.16% | −0.00 |
| KIM Kimco Realty Corp. | Add +3.6% | 2.09% | −0.06 |
| AMT American Tower Corp. | Add +6.4% | 7.15% | −0.06 |
| VNO Vornado Realty Trust | Add +5.8% | 0.71% | −0.07 |
| KRC Kilroy Realty Corp. | Add +7.7% | 0.58% | −0.08 |
| EQIX Equinix Inc. | Add +13.4% | 6.93% | −0.10 |
| STAG Stag Industrial Inc. | Add +2.2% | 1.09% | −0.11 |
| REXR Rexford Industrial Realty Inc. | Add +1.1% | 1.58% | −0.28 |
| SUI Sun Communities Inc. | Add +0.9% | 2.43% | −0.28 |
| PLD Prologis Inc. | Add +17.1% | 7.25% | −0.32 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 44 | $365.5M | EQIX, SPG, WELL, PLD, DLR |
| Q1 2026 | 45 | $315.1M | EQIX, DLR, SPG, PLD, WELL |
| Q4 2025 | 46 | $300.6M | EQIX, SPG, PLD, AMT, DLR |
| Q3 2025 | 45 | $297.4M | WELL, SPG, DLR, PLD, EQIX |
| Q2 2025 | 45 | $274.6M | DLR, AMT, WELL, SPG, PLD |
| Q1 2025 | 45 | $290.9M | AMT, WELL, SPG, DLR, EQIX |
| Q4 2024 | 43 | $292.1M | WELL, DLR, EQIX, SPG, PLD |
| Q3 2024 | 42 | $290.1M | WELL, AMT, EQIX, DLR, PLD |
| Q2 2024 | 42 | $250.9M | DLR, WELL, SPG, PLD, AMT |
| Q1 2024 | 42 | $237.8M | SPG, PLD, AMT, WELL, DLR |