Vert Asset Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), Vert Asset Management LLC reported 45 stock positions worth $274.6 million. Its top holding was Digital Realty Trust (DLR) at 8.0% of the portfolio, followed by American Tower (AMT, 7.5%) and Welltower (WELL, 7.5%). Compared with Q1 2025, it added to 6 and reduced 36. The biggest buy was Prologis (PLD, shares +6%) and the biggest sale Alexandria Real Estate Equit (ARE, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- SAUSALITO, CA
- CIK
- 0001904664
- Portfolio Value
- $274.6M (Q2 2025)
- SEC Filing
- 0001904664-25-000004 ↗ filed Jul 18, 2025
Holdings Value
Holdings 45 stocks · $274.6M
| DLR Digital Realty Trust Inc. | 8.02% | 126,304 | $22.0M | Reduce -9.4% |
| AMT American Tower Corp. | 7.51% | 93,250 | $20.6M | Reduce -6.6% |
| WELL Welltower Inc. | 7.47% | 133,425 | $20.5M | Reduce -4.3% |
| SPG Simon Property Group Inc. | 7.21% | 123,237 | $19.8M | Reduce -0.1% |
| PLD Prologis Inc. | 7.05% | 184,251 | $19.4M | Add +6.5% |
| EQIX Equinix Inc. | 6.84% | 23,621 | $18.8M | Reduce -3.4% |
| EXR Extra Space Storage Inc. | 5.01% | 93,400 | $13.8M | Reduce -5.9% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 4.84% | 129,482 | $13.3M | Reduce -4.8% |
| AVB Avalonbay Communities Inc. | 4.66% | 62,841 | $12.8M | Reduce -5.7% |
| VTR Ventas Inc. | 4.53% | 196,887 | $12.4M | Reduce -0.7% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 3.59% | 146,194 | $9.9M | Reduce -7.8% |
| ESS Essex Property Trust Inc. | 2.93% | 28,406 | $8.1M | Reduce -5.1% |
| MAA Mid-America Apartment Comm | 2.74% | 50,831 | $7.5M | Reduce -5.8% |
| KIM Kimco Realty Corp. | 2.29% | 299,794 | $6.3M | Reduce -5.1% |
| UDR Udr Inc. | 2.05% | 137,778 | $5.6M | Reduce -6.1% |
| REG Regency Centers Corp. | 1.97% | 76,009 | $5.4M | Reduce -4.4% |
| DOC Healthpeak Properties Inc. | 1.90% | 297,762 | $5.2M | Reduce -8.4% |
| ELS Equity Lifestyle Properties | 1.80% | 80,165 | $4.9M | Reduce -5.4% |
| ARE Alexandria Real Estate Equit | 1.79% | 67,747 | $4.9M | Reduce -6.4% |
| HST Host Hotels & Resorts Inc. | 1.74% | 310,272 | $4.8M | Reduce -5.7% |
| BXP BXP Inc. | 1.64% | 66,627 | $4.5M | Reduce -4.8% |
| REXR Rexford Industrial Realty Inc. | 1.34% | 103,389 | $3.7M | Reduce -2.0% |
| BRX Brixmor Property Group Inc. | 1.26% | 133,136 | $3.5M | Reduce -5.7% |
| FRT Federal Realty Invs Trust | 1.18% | 34,253 | $3.3M | Reduce -3.3% |
| STAG Stag Industrial Inc. | 1.03% | 78,294 | $2.8M | Reduce -8.0% |
| VNO Vornado Realty Trust | 0.94% | 67,435 | $2.6M | Reduce -6.0% |
| CUZ Cousins Properties Inc. | 0.78% | 70,882 | $2.1M | Add +3.2% |
| COLD Americold Realty Trust Inc. | 0.75% | 124,482 | $2.1M | Add +1.0% |
| PECO Phillips Edison & Company Inc. | 0.67% | 52,737 | $1.8M | Reduce -2.4% |
| SLG SL Green Realty Corp. | 0.65% | 28,906 | $1.8M | Reduce -5.5% |
| MAC The Macerich Co. | 0.64% | 108,157 | $1.7M | Reduce -4.3% |
| KRC Kilroy Realty Corp. | 0.59% | 47,166 | $1.6M | Add +0.2% |
| LXP LXP Industrial Trust | 0.40% | 133,569 | $1.1M | Reduce -9.7% |
| UE Urban Edge Properties | 0.34% | 50,276 | $938K | Reduce -7.2% |
| DRH Diamondrock Hospitality Co. | 0.24% | 85,474 | $655K | Reduce -3.9% |
| ALEX Alexander & Baldwin Inc. | 0.21% | 32,880 | $586K | Reduce -2.9% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.21% | 34,594 | $581K | Reduce -7.3% |
| VRE Veris Residential Inc. | 0.20% | 36,256 | $540K | Reduce -1.2% |
| JBGS JBG Smith Properties | 0.20% | 31,074 | $538K | Reduce -1.8% |
| RLJ RLJ Lodging Trust | 0.18% | 67,864 | $494K | Reduce -9.0% |
| ESRT Empire State Realty Trust-A | 0.17% | 56,073 | $454K | Add +0.6% |
| AAT American Assets Trust Inc. | 0.15% | 20,869 | $412K | No change |
| CSR Centerspace | 0.14% | 6,376 | $384K | Add +6.2% |
| BDN Brandywine Realty Trust | 0.10% | 66,296 | $284K | No change |
| HUDSON PAC PPTYS INC | 0.04% | 36,698 | $101K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| ARE Alexandria Real Estate Equit | Reduce -6.4% | 1.79% | −0.51 |
| MAA Mid-America Apartment Comm | Reduce -5.8% | 2.74% | −0.37 |
| DOC Healthpeak Properties Inc. | Reduce -8.4% | 1.90% | −0.36 |
| VMRK Vivmark Residential | Reduce -7.8% | 3.59% | −0.31 |
| AVB Avalonbay Communities Inc. | Reduce -5.7% | 4.66% | −0.26 |
| UDR Udr Inc. | Reduce -6.1% | 2.05% | −0.23 |
| ESS Essex Property Trust Inc. | Reduce -5.1% | 2.93% | −0.22 |
| VTR Ventas Inc. | Reduce -0.7% | 4.53% | −0.16 |
| ELS Equity Lifestyle Properties | Reduce -5.4% | 1.80% | −0.14 |
| REXR Rexford Industrial Realty Inc. | Reduce -2.0% | 1.34% | −0.08 |
| EXR Extra Space Storage Inc. | Reduce -5.9% | 5.01% | −0.05 |
| REG Regency Centers Corp. | Reduce -4.4% | 1.97% | −0.04 |
| LXP LXP Industrial Trust | Reduce -9.7% | 0.40% | −0.04 |
| MAC The Macerich Co. | Reduce -4.3% | 0.64% | −0.03 |
| UMH Umh Properties Inc. | Reduce -7.3% | 0.21% | −0.03 |
| BRX Brixmor Property Group Inc. | Reduce -5.7% | 1.26% | −0.03 |
| RLJ RLJ Lodging Trust | Reduce -9.0% | 0.18% | −0.02 |
| STAG Stag Industrial Inc. | Reduce -8.0% | 1.03% | −0.02 |
| VRE Veris Residential Inc. | Reduce -1.2% | 0.20% | −0.02 |
| UE Urban Edge Properties | Reduce -7.2% | 0.34% | −0.01 |
| EQIX Equinix Inc. | Reduce -3.4% | 6.84% | −0.01 |
| KIM Kimco Realty Corp. | Reduce -5.1% | 2.29% | −0.01 |
| FRT Federal Realty Invs Trust | Reduce -3.3% | 1.18% | −0.01 |
| PECO Phillips Edison & Company Inc. | Reduce -2.4% | 0.67% | −0.01 |
| DRH Diamondrock Hospitality Co. | Reduce -3.9% | 0.24% | +0.00 |
| ALEX Alexander & Baldwin Inc. | Reduce -2.9% | 0.21% | +0.01 |
| JBGS JBG Smith Properties | Reduce -1.8% | 0.20% | +0.02 |
| BXP BXP Inc. | Reduce -4.8% | 1.64% | +0.02 |
| VNO Vornado Realty Trust | Reduce -6.0% | 0.94% | +0.03 |
| AMT American Tower Corp. | Reduce -6.6% | 7.51% | +0.04 |
| SLG SL Green Realty Corp. | Reduce -5.5% | 0.65% | +0.05 |
| WELL Welltower Inc. | Reduce -4.3% | 7.47% | +0.12 |
| HST Host Hotels & Resorts Inc. | Reduce -5.7% | 1.74% | +0.13 |
| SPG Simon Property Group Inc. | Reduce -0.1% | 7.21% | +0.17 |
| IRM Iron Mountain Inc. | Reduce -4.8% | 4.84% | +0.81 |
| DLR Digital Realty Trust Inc. | Reduce -9.4% | 8.02% | +1.15 |
Portfolio Buys Q1 2025 → Q2 2025
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 |