Vert Asset Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), Vert Asset Management LLC reported 46 stock positions worth $300.6 million. Its top holding was Equinix (EQIX) at 7.6% of the portfolio, followed by Simon Property (SPG, 7.4%) and Prologis (PLD, 7.4%). Compared with Q3 2025, it opened 2 new positions, sold out of 1, added to 40 and reduced 4. The biggest buy was a new position in Camden Property Trust (CPT) and the biggest sale Welltower (WELL, shares −16%).
- Most Recent 13F
- Q2 2026
- Location
- SAUSALITO, CA
- CIK
- 0001904664
- Portfolio Value
- $300.6M (Q4 2025)
- SEC Filing
- 0001904664-26-000001 ↗ filed Jan 27, 2026
Holdings Value
Holdings 46 stocks · $300.6M
| EQIX Equinix Inc. | 7.56% | 29,684 | $22.7M | Add +9.0% |
| SPG Simon Property Group Inc. | 7.44% | 120,759 | $22.4M | Reduce -6.3% |
| PLD Prologis Inc. | 7.37% | 173,545 | $22.2M | Reduce -10.0% |
| AMT American Tower Corp. | 7.35% | 125,806 | $22.1M | Add +22.0% |
| DLR Digital Realty Trust Inc. | 7.26% | 141,148 | $21.8M | Add +7.5% |
| WELL Welltower Inc. | 7.17% | 116,162 | $21.6M | Reduce -15.7% |
| VTR Ventas Inc. | 5.80% | 225,527 | $17.5M | Add +8.9% |
| EXR Extra Space Storage Inc. | 4.48% | 103,492 | $13.5M | Add +6.8% |
| AVB Avalonbay Communities Inc. | 4.20% | 69,583 | $12.6M | Add +7.4% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 3.89% | 140,934 | $11.7M | Add +4.7% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 3.68% | 175,412 | $11.1M | Add +9.9% |
| ESS Essex Property Trust Inc. | 2.67% | 30,650 | $8.0M | Add +4.2% |
| MAA Mid-America Apartment Comm | 2.64% | 57,222 | $7.9M | Add +7.8% |
| KIM Kimco Realty Corp. | 2.27% | 336,256 | $6.8M | Add +9.6% |
| HST Host Hotels & Resorts Inc. | 2.01% | 340,417 | $6.0M | Add +9.7% |
| REG Regency Centers Corp. | 1.95% | 84,912 | $5.9M | Add +8.3% |
| UDR Udr Inc. | 1.87% | 152,948 | $5.6M | Add +7.7% |
| DOC Healthpeak Properties Inc. | 1.84% | 344,289 | $5.5M | Add +8.1% |
| ELS Equity Lifestyle Properties | 1.83% | 91,011 | $5.5M | Add +9.5% |
| BXP BXP Inc. | 1.61% | 71,644 | $4.8M | Add +5.4% |
| REXR Rexford Industrial Realty Inc. | 1.52% | 118,345 | $4.6M | Add +10.8% |
| FRT Federal Realty Invs Trust | 1.30% | 38,860 | $3.9M | Add +4.9% |
| BRX Brixmor Property Group Inc. | 1.26% | 144,965 | $3.8M | Add +2.6% |
| ARE Alexandria Real Estate Equit | 1.21% | 74,130 | $3.6M | Add +5.5% |
| STAG Stag Industrial Inc. | 1.08% | 87,975 | $3.2M | Add +6.1% |
| CPT Camden Property Trust | 1.05% | 28,619 | $3.2M | New |
| VNO Vornado Realty Trust | 0.86% | 77,387 | $2.6M | Add +6.6% |
| MAC The Macerich Co. | 0.76% | 123,984 | $2.3M | Add +6.5% |
| CUZ Cousins Properties Inc. | 0.76% | 88,259 | $2.3M | Add +14.5% |
| PECO Phillips Edison & Company Inc. | 0.72% | 61,202 | $2.2M | Add +5.3% |
| KRC Kilroy Realty Corp. | 0.66% | 53,200 | $2.0M | Add +1.9% |
| COLD Americold Realty Trust Inc. | 0.57% | 133,439 | $1.7M | Add +4.4% |
| SLG SL Green Realty Corp. | 0.55% | 36,178 | $1.7M | Add +15.6% |
| LXP LXP Industrial Trust | 0.47% | 28,336 | $1.4M | Reduce -1.7% |
| UE Urban Edge Properties | 0.34% | 53,474 | $1.0M | Add +2.9% |
| KRG Kite Realty Group Trust | 0.33% | 41,869 | $1.0M | New |
| DRH Diamondrock Hospitality Co. | 0.30% | 99,710 | $893K | Add +5.4% |
| ALEX Alexander & Baldwin Inc. | 0.23% | 34,138 | $705K | Add +3.8% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.20% | 37,247 | $593K | Add +4.4% |
| VRE Veris Residential Inc. | 0.19% | 39,131 | $582K | Add +4.9% |
| JBGS JBG Smith Properties | 0.18% | 32,071 | $546K | Add +3.2% |
| CSR Centerspace | 0.16% | 7,335 | $489K | Add +7.7% |
| AAT American Assets Trust Inc. | 0.13% | 21,276 | $403K | Add +1.9% |
| ESRT Empire State Realty Trust-A | 0.13% | 59,090 | $385K | Add +5.4% |
| BDN Brandywine Realty Trust | 0.07% | 72,480 | $212K | Add +9.3% |
| HPP Hudson Pacific Properties Inc. | 0.07% | 18,048 | $195K | Add +38.8% |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| CPT Camden Property Trust | New | 1.05% | +1.05 |
| VTR Ventas Inc. | Add +8.9% | 5.80% | +0.93 |
| AMT American Tower Corp. | Add +22.0% | 7.35% | +0.68 |
| EQIX Equinix Inc. | Add +9.0% | 7.56% | +0.39 |
| KRG Kite Realty Group Trust | New | 0.33% | +0.33 |
| HST Host Hotels & Resorts Inc. | Add +9.7% | 2.01% | +0.23 |
| VMRK Vivmark Residential | Add +9.9% | 3.68% | +0.20 |
| MAA Mid-America Apartment Comm | Add +7.8% | 2.64% | +0.15 |
| ELS Equity Lifestyle Properties | Add +9.5% | 1.83% | +0.14 |
| STAG Stag Industrial Inc. | Add +6.1% | 1.08% | +0.09 |
| UDR Udr Inc. | Add +7.7% | 1.87% | +0.09 |
| PECO Phillips Edison & Company Inc. | Add +5.3% | 0.72% | +0.05 |
| MAC The Macerich Co. | Add +6.5% | 0.76% | +0.05 |
| REXR Rexford Industrial Realty Inc. | Add +10.8% | 1.52% | +0.05 |
| COLD Americold Realty Trust Inc. | Add +4.4% | 0.57% | +0.04 |
| DRH Diamondrock Hospitality Co. | Add +5.4% | 0.30% | +0.04 |
| FRT Federal Realty Invs Trust | Add +4.9% | 1.30% | +0.04 |
| ALEX Alexander & Baldwin Inc. | Add +3.8% | 0.23% | +0.03 |
| REG Regency Centers Corp. | Add +8.3% | 1.95% | +0.03 |
| CSR Centerspace | Add +7.7% | 0.16% | +0.03 |
| ESS Essex Property Trust Inc. | Add +4.2% | 2.67% | +0.02 |
| UMH Umh Properties Inc. | Add +4.4% | 0.20% | +0.02 |
| KIM Kimco Realty Corp. | Add +9.6% | 2.27% | +0.01 |
| CUZ Cousins Properties Inc. | Add +14.5% | 0.76% | +0.01 |
| VRE Veris Residential Inc. | Add +4.9% | 0.19% | +0.00 |
| AAT American Assets Trust Inc. | Add +1.9% | 0.13% | −0.01 |
| AVB Avalonbay Communities Inc. | Add +7.4% | 4.20% | −0.01 |
| ESRT Empire State Realty Trust-A | Add +5.4% | 0.13% | −0.02 |
| UE Urban Edge Properties | Add +2.9% | 0.34% | −0.02 |
| HPP Hudson Pacific Properties Inc. | Add +38.8% | 0.07% | −0.02 |
| BDN Brandywine Realty Trust | Add +9.3% | 0.07% | −0.02 |
| BRX Brixmor Property Group Inc. | Add +2.6% | 1.26% | −0.05 |
| JBGS JBG Smith Properties | Add +3.2% | 0.18% | −0.05 |
| SLG SL Green Realty Corp. | Add +15.6% | 0.55% | −0.08 |
| KRC Kilroy Realty Corp. | Add +1.9% | 0.66% | −0.08 |
| BXP BXP Inc. | Add +5.4% | 1.61% | −0.09 |
| EXR Extra Space Storage Inc. | Add +6.8% | 4.48% | −0.11 |
| VNO Vornado Realty Trust | Add +6.6% | 0.86% | −0.13 |
| DOC Healthpeak Properties Inc. | Add +8.1% | 1.84% | −0.21 |
| DLR Digital Realty Trust Inc. | Add +7.5% | 7.26% | −0.37 |
| IRM Iron Mountain Inc. | Add +4.7% | 3.89% | −0.72 |
| ARE Alexandria Real Estate Equit | Add +5.5% | 1.21% | −0.76 |
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 |