Vert Asset Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 16, 2026), Vert Asset Management LLC reported 45 stock positions worth $315.1 million. Its top holding was Equinix (EQIX) at 9.1% of the portfolio, followed by Digital Realty Trust (DLR, 7.6%) and Simon Property (SPG, 7.5%). Compared with Q4 2025, it sold out of 1, added to 25 and reduced 18. The biggest buy was Iron Mountain (IRM, shares +4%) and the biggest sale Mid-America Apartment Comm (MAA, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- SAUSALITO, CA
- CIK
- 0001904664
- Portfolio Value
- $315.1M (Q1 2026)
- SEC Filing
- 0001904664-26-000002 ↗ filed Apr 16, 2026
Holdings Value
Holdings 45 stocks · $315.1M
| EQIX Equinix Inc. | 9.07% | 29,162 | $28.6M | Reduce -1.8% |
| DLR Digital Realty Trust Inc. | 7.60% | 132,900 | $23.9M | Reduce -5.8% |
| SPG Simon Property Group Inc. | 7.51% | 126,791 | $23.7M | Add +5.0% |
| PLD Prologis Inc. | 7.44% | 177,452 | $23.5M | Add +2.3% |
| WELL Welltower Inc. | 7.19% | 114,605 | $22.7M | Reduce -1.3% |
| AMT American Tower Corp. | 7.13% | 130,238 | $22.5M | Add +3.5% |
| VTR Ventas Inc. | 6.10% | 235,078 | $19.2M | Add +4.2% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 4.75% | 146,406 | $15.0M | Add +3.9% |
| EXR Extra Space Storage Inc. | 4.38% | 105,224 | $13.8M | Add +1.7% |
| AVB Avalonbay Communities Inc. | 3.62% | 69,769 | $11.4M | Add +0.3% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 3.31% | 176,172 | $10.4M | Add +0.4% |
| KIM Kimco Realty Corp. | 2.40% | 336,205 | $7.6M | Reduce -0.0% |
| ESS Essex Property Trust Inc. | 2.34% | 30,462 | $7.4M | Reduce -0.6% |
| MAA Mid-America Apartment Comm | 2.17% | 55,954 | $6.8M | Reduce -2.2% |
| HST Host Hotels & Resorts Inc. | 2.07% | 340,989 | $6.5M | Add +0.2% |
| REG Regency Centers Corp. | 2.06% | 85,802 | $6.5M | Add +1.1% |
| ELS Equity Lifestyle Properties | 1.81% | 91,194 | $5.7M | Add +0.2% |
| DOC Healthpeak Properties Inc. | 1.80% | 345,412 | $5.7M | Add +0.3% |
| UDR Udr Inc. | 1.65% | 154,165 | $5.2M | Add +0.8% |
| CPT Camden Property Trust | 1.54% | 49,818 | $4.9M | Add +74.1% |
| BRX Brixmor Property Group Inc. | 1.35% | 147,174 | $4.2M | Add +1.5% |
| FRT Federal Realty Invs Trust | 1.34% | 39,864 | $4.2M | Add +2.6% |
| REXR Rexford Industrial Realty Inc. | 1.19% | 115,021 | $3.8M | Reduce -2.8% |
| BXP BXP Inc. | 1.15% | 69,856 | $3.6M | Reduce -2.5% |
| STAG Stag Industrial Inc. | 1.10% | 95,788 | $3.5M | Add +8.9% |
| ARE Alexandria Real Estate Equit | 1.10% | 74,376 | $3.5M | Add +0.3% |
| KRG Kite Realty Group Trust | 0.75% | 96,240 | $2.4M | Add +129.9% |
| MAC The Macerich Co. | 0.74% | 123,105 | $2.3M | Reduce -0.7% |
| PECO Phillips Edison & Company Inc. | 0.73% | 61,202 | $2.3M | No change |
| VNO Vornado Realty Trust | 0.65% | 79,340 | $2.1M | Add +2.5% |
| CUZ Cousins Properties Inc. | 0.62% | 86,015 | $1.9M | Reduce -2.5% |
| COLD Americold Realty Trust Inc. | 0.49% | 133,882 | $1.5M | Add +0.3% |
| KRC Kilroy Realty Corp. | 0.48% | 54,168 | $1.5M | Add +1.8% |
| LXP LXP Industrial Trust | 0.41% | 28,221 | $1.3M | Reduce -0.4% |
| SLG SL Green Realty Corp. | 0.40% | 34,173 | $1.3M | Reduce -5.5% |
| UE Urban Edge Properties | 0.35% | 55,782 | $1.1M | Add +4.3% |
| DRH Diamondrock Hospitality Co. | 0.30% | 100,822 | $945K | Add +1.1% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.17% | 37,726 | $544K | Add +1.3% |
| VRE Veris Residential Inc. | 0.16% | 26,298 | $496K | Reduce -32.8% |
| JBGS JBG Smith Properties | 0.15% | 31,371 | $458K | Reduce -2.2% |
| CSR Centerspace | 0.13% | 7,335 | $421K | No change |
| AAT American Assets Trust Inc. | 0.12% | 20,869 | $384K | Reduce -1.9% |
| ESRT Empire State Realty Trust-A | 0.09% | 56,073 | $292K | Reduce -5.1% |
| BDN Brandywine Realty Trust | 0.06% | 66,296 | $180K | Reduce -8.5% |
| HPP Hudson Pacific Properties Inc. | 0.03% | 18,047 | $107K | Reduce -0.0% |
Portfolio Sells Q4 2025 → Q1 2026
| MAA Mid-America Apartment Comm | Reduce -2.2% | 2.17% | −0.48 |
| BXP BXP Inc. | Reduce -2.5% | 1.15% | −0.46 |
| REXR Rexford Industrial Realty Inc. | Reduce -2.8% | 1.19% | −0.33 |
| ESS Essex Property Trust Inc. | Reduce -0.6% | 2.34% | −0.33 |
| ALEX Alexander & Baldwin Inc. | Sold out | 0.00% | −0.23 |
| SLG SL Green Realty Corp. | Reduce -5.5% | 0.40% | −0.15 |
| CUZ Cousins Properties Inc. | Reduce -2.5% | 0.62% | −0.14 |
| LXP LXP Industrial Trust | Reduce -0.4% | 0.41% | −0.05 |
| VRE Veris Residential Inc. | Reduce -32.8% | 0.16% | −0.04 |
| JBGS JBG Smith Properties | Reduce -2.2% | 0.15% | −0.04 |
| ESRT Empire State Realty Trust-A | Reduce -5.1% | 0.09% | −0.04 |
| HPP Hudson Pacific Properties Inc. | Reduce -0.0% | 0.03% | −0.03 |
| MAC The Macerich Co. | Reduce -0.7% | 0.74% | −0.02 |
| BDN Brandywine Realty Trust | Reduce -8.5% | 0.06% | −0.01 |
| AAT American Assets Trust Inc. | Reduce -1.9% | 0.12% | −0.01 |
| WELL Welltower Inc. | Reduce -1.3% | 7.19% | +0.02 |
| KIM Kimco Realty Corp. | Reduce -0.0% | 2.40% | +0.13 |
| DLR Digital Realty Trust Inc. | Reduce -5.8% | 7.60% | +0.34 |
| EQIX Equinix Inc. | Reduce -1.8% | 9.07% | +1.51 |
Portfolio Buys Q4 2025 → Q1 2026
| IRM Iron Mountain Inc. | Add +3.9% | 4.75% | +0.86 |
| CPT Camden Property Trust | Add +74.1% | 1.54% | +0.50 |
| KRG Kite Realty Group Trust | Add +129.9% | 0.75% | +0.42 |
| VTR Ventas Inc. | Add +4.2% | 6.10% | +0.30 |
| REG Regency Centers Corp. | Add +1.1% | 2.06% | +0.11 |
| BRX Brixmor Property Group Inc. | Add +1.5% | 1.35% | +0.08 |
| PLD Prologis Inc. | Add +2.3% | 7.44% | +0.07 |
| SPG Simon Property Group Inc. | Add +5.0% | 7.51% | +0.07 |
| HST Host Hotels & Resorts Inc. | Add +0.2% | 2.07% | +0.07 |
| FRT Federal Realty Invs Trust | Add +2.6% | 1.34% | +0.04 |
| STAG Stag Industrial Inc. | Add +8.9% | 1.10% | +0.02 |
| UE Urban Edge Properties | Add +4.3% | 0.35% | +0.01 |
| DRH Diamondrock Hospitality Co. | Add +1.1% | 0.30% | +0.00 |
| UMH Umh Properties Inc. | Add +1.3% | 0.17% | −0.02 |
| ELS Equity Lifestyle Properties | Add +0.2% | 1.81% | −0.03 |
| DOC Healthpeak Properties Inc. | Add +0.3% | 1.80% | −0.04 |
| COLD Americold Realty Trust Inc. | Add +0.3% | 0.49% | −0.08 |
| EXR Extra Space Storage Inc. | Add +1.7% | 4.38% | −0.10 |
| ARE Alexandria Real Estate Equit | Add +0.3% | 1.10% | −0.11 |
| KRC Kilroy Realty Corp. | Add +1.8% | 0.48% | −0.18 |
| VNO Vornado Realty Trust | Add +2.5% | 0.65% | −0.20 |
| UDR Udr Inc. | Add +0.8% | 1.65% | −0.21 |
| AMT American Tower Corp. | Add +3.5% | 7.13% | −0.21 |
| VMRK Vivmark Residential | Add +0.4% | 3.31% | −0.37 |
| AVB Avalonbay Communities Inc. | Add +0.3% | 3.62% | −0.58 |
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 |