Vert Asset Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 29, 2025), Vert Asset Management LLC reported 45 stock positions worth $297.4 million. Its top holding was Welltower (WELL) at 8.3% of the portfolio, followed by Simon Property (SPG, 8.1%) and Digital Realty Trust (DLR, 7.6%). Compared with Q2 2025, it added to 39. The biggest buy was Simon Property (SPG, shares +5%).
- Most Recent 13F
- Q2 2026
- Location
- SAUSALITO, CA
- CIK
- 0001904664
- Portfolio Value
- $297.4M (Q3 2025)
- SEC Filing
- 0001904664-25-000007 ↗ filed Oct 29, 2025
Holdings Value
Holdings 45 stocks · $297.4M
| WELL Welltower Inc. | 8.25% | 137,765 | $24.5M | Add +3.3% |
| SPG Simon Property Group Inc. | 8.13% | 128,817 | $24.2M | Add +4.5% |
| DLR Digital Realty Trust Inc. | 7.63% | 131,283 | $22.7M | Add +3.9% |
| PLD Prologis Inc. | 7.43% | 192,913 | $22.1M | Add +4.7% |
| EQIX Equinix Inc. | 7.18% | 27,244 | $21.3M | Add +15.3% |
| AMT American Tower Corp. | 6.67% | 103,122 | $19.8M | Add +10.6% |
| VTR Ventas Inc. | 4.87% | 206,992 | $14.5M | Add +5.1% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 4.61% | 134,581 | $13.7M | Add +3.9% |
| EXR Extra Space Storage Inc. | 4.59% | 96,921 | $13.7M | Add +3.8% |
| AVB Avalonbay Communities Inc. | 4.21% | 64,766 | $12.5M | Add +3.1% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 3.47% | 159,648 | $10.3M | Add +9.2% |
| ESS Essex Property Trust Inc. | 2.65% | 29,412 | $7.9M | Add +3.5% |
| MAA Mid-America Apartment Comm | 2.49% | 53,063 | $7.4M | Add +4.4% |
| KIM Kimco Realty Corp. | 2.25% | 306,704 | $6.7M | Add +2.3% |
| DOC Healthpeak Properties Inc. | 2.05% | 318,587 | $6.1M | Add +7.0% |
| ARE Alexandria Real Estate Equit | 1.97% | 70,266 | $5.9M | Add +3.7% |
| REG Regency Centers Corp. | 1.92% | 78,365 | $5.7M | Add +3.1% |
| UDR Udr Inc. | 1.78% | 142,085 | $5.3M | Add +3.1% |
| HST Host Hotels & Resorts Inc. | 1.78% | 310,332 | $5.3M | Add +0.0% |
| BXP BXP Inc. | 1.70% | 67,975 | $5.1M | Add +2.0% |
| ELS Equity Lifestyle Properties | 1.70% | 83,091 | $5.0M | Add +3.6% |
| REXR Rexford Industrial Realty Inc. | 1.48% | 106,830 | $4.4M | Add +3.3% |
| BRX Brixmor Property Group Inc. | 1.32% | 141,312 | $3.9M | Add +6.1% |
| FRT Federal Realty Invs Trust | 1.26% | 37,048 | $3.8M | Add +8.2% |
| VNO Vornado Realty Trust | 0.99% | 72,583 | $2.9M | Add +7.6% |
| STAG Stag Industrial Inc. | 0.98% | 82,927 | $2.9M | Add +5.9% |
| CUZ Cousins Properties Inc. | 0.75% | 77,110 | $2.2M | Add +8.8% |
| KRC Kilroy Realty Corp. | 0.74% | 52,181 | $2.2M | Add +10.6% |
| MAC The Macerich Co. | 0.71% | 116,417 | $2.1M | Add +7.6% |
| PECO Phillips Edison & Company Inc. | 0.67% | 58,128 | $2.0M | Add +10.2% |
| SLG SL Green Realty Corp. | 0.63% | 31,295 | $1.9M | Add +8.3% |
| COLD Americold Realty Trust Inc. | 0.53% | 127,779 | $1.6M | Add +2.6% |
| LXP LXP Industrial Trust | 0.43% | 144,068 | $1.3M | Add +7.9% |
| UE Urban Edge Properties | 0.36% | 51,963 | $1.1M | Add +3.4% |
| DRH Diamondrock Hospitality Co. | 0.25% | 94,629 | $753K | Add +10.7% |
| JBGS JBG Smith Properties | 0.23% | 31,074 | $691K | No change |
| ALEX Alexander & Baldwin Inc. | 0.20% | 32,880 | $598K | No change |
| VRE Veris Residential Inc. | 0.19% | 37,318 | $567K | Add +2.9% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.18% | 35,683 | $530K | Add +3.1% |
| RLJ RLJ Lodging Trust | 0.16% | 67,864 | $489K | No change |
| ESRT Empire State Realty Trust-A | 0.14% | 56,073 | $430K | No change |
| AAT American Assets Trust Inc. | 0.14% | 20,869 | $424K | No change |
| CSR Centerspace | 0.13% | 6,812 | $401K | Add +6.8% |
| BDN Brandywine Realty Trust | 0.09% | 66,296 | $276K | No change |
| HUDSON PAC PPTYS INC | 0.08% | 90,954 | $251K | Add +147.8% |
Portfolio Sells Q2 2025 → Q3 2025
| None this quarter. | |||
Portfolio Buys Q2 2025 → Q3 2025
| SPG Simon Property Group Inc. | Add +4.5% | 8.13% | +0.91 |
| WELL Welltower Inc. | Add +3.3% | 8.25% | +0.78 |
| PLD Prologis Inc. | Add +4.7% | 7.43% | +0.38 |
| VTR Ventas Inc. | Add +5.1% | 4.87% | +0.34 |
| EQIX Equinix Inc. | Add +15.3% | 7.18% | +0.33 |
| ARE Alexandria Real Estate Equit | Add +3.7% | 1.97% | +0.18 |
| DOC Healthpeak Properties Inc. | Add +7.0% | 2.05% | +0.15 |
| KRC Kilroy Realty Corp. | Add +10.6% | 0.74% | +0.15 |
| REXR Rexford Industrial Realty Inc. | Add +3.3% | 1.48% | +0.14 |
| FRT Federal Realty Invs Trust | Add +8.2% | 1.26% | +0.08 |
| MAC The Macerich Co. | Add +7.6% | 0.71% | +0.08 |
| BXP BXP Inc. | Add +2.0% | 1.70% | +0.06 |
| BRX Brixmor Property Group Inc. | Add +6.1% | 1.32% | +0.05 |
| VNO Vornado Realty Trust | Add +7.6% | 0.99% | +0.05 |
| HUDSON PAC PPTYS INC | Add +147.8% | 0.08% | +0.05 |
| HST Host Hotels & Resorts Inc. | Add +0.0% | 1.78% | +0.04 |
| LXP LXP Industrial Trust | Add +7.9% | 0.43% | +0.03 |
| UE Urban Edge Properties | Add +3.4% | 0.36% | +0.02 |
| DRH Diamondrock Hospitality Co. | Add +10.7% | 0.25% | +0.01 |
| PECO Phillips Edison & Company Inc. | Add +10.2% | 0.67% | −0.00 |
| CSR Centerspace | Add +6.8% | 0.13% | −0.00 |
| VRE Veris Residential Inc. | Add +2.9% | 0.19% | −0.01 |
| SLG SL Green Realty Corp. | Add +8.3% | 0.63% | −0.02 |
| CUZ Cousins Properties Inc. | Add +8.8% | 0.75% | −0.02 |
| UMH Umh Properties Inc. | Add +3.1% | 0.18% | −0.03 |
| KIM Kimco Realty Corp. | Add +2.3% | 2.25% | −0.04 |
| STAG Stag Industrial Inc. | Add +5.9% | 0.98% | −0.05 |
| REG Regency Centers Corp. | Add +3.1% | 1.92% | −0.05 |
| ELS Equity Lifestyle Properties | Add +3.6% | 1.70% | −0.10 |
| VMRK Vivmark Residential | Add +9.2% | 3.47% | −0.12 |
| IRM Iron Mountain Inc. | Add +3.9% | 4.61% | −0.22 |
| COLD Americold Realty Trust Inc. | Add +2.6% | 0.53% | −0.23 |
| MAA Mid-America Apartment Comm | Add +4.4% | 2.49% | −0.25 |
| UDR Udr Inc. | Add +3.1% | 1.78% | −0.27 |
| ESS Essex Property Trust Inc. | Add +3.5% | 2.65% | −0.28 |
| DLR Digital Realty Trust Inc. | Add +3.9% | 7.63% | −0.39 |
| EXR Extra Space Storage Inc. | Add +3.8% | 4.59% | −0.42 |
| AVB Avalonbay Communities Inc. | Add +3.1% | 4.21% | −0.45 |
| AMT American Tower Corp. | Add +10.6% | 6.67% | −0.84 |
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 |