The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN FINL GROUP INC OHIO COM 025932104   16,546 134,495 SH   SOLE   134,495 0 0
AMERICAN INTL GROUP INC COM NEW 026874784   14,465 194,841 SH   SOLE   194,841 0 0
ASSURANT INC COM 04621X108   32,918 198,002 SH   SOLE   198,002 0 0
AMERIPRISE FINL INC COM 03076C106   8,290 19,407 SH   SOLE   19,407 0 0
AMERICAN TOWER CORP NEW COM 03027X100   18,312 94,205 SH   SOLE   94,205 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200   7,692 529,045 SH   SOLE   529,045 0 0
AVALONBAY CMNTYS INC COM 053484101   26,503 128,100 SH   SOLE   128,100 0 0
AVIDXCHANGE HOLDINGS INC COM 05368X102   1,200 99,500 SH   SOLE   99,500 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109   10,598 150,000 SH   SOLE   150,000 0 0
BOWHEAD SPECIALTY HLDGS INC COM SHS 10240L102   3,421 135,000 SH   SOLE   135,000 0 0
BROWN & BROWN INC COM 115236101   14,693 164,338 SH   SOLE   164,338 0 0
CHUBB LIMITED COM H1467J104   22,294 87,400 SH   SOLE   87,400 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102   25,514 375,200 SH   SOLE   375,200 0 0
DAYFORCE INC COM 15677J108   13,010 262,300 SH   SOLE   262,300 0 0
DIGITAL RLTY TR INC COM 253868103   31,020 204,009 SH   SOLE   204,009 0 0
PHYSICIANS RLTY TR COM 42250P103   14,533 741,500 SH   SOLE   741,500 0 0
EQUIFAX INC COM 294429105   8,365 34,500 SH   SOLE   34,500 0 0
EASTGROUP PPTYS INC COM 277276101   34,496 202,800 SH   SOLE   202,800 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108   5,080 78,000 SH   SOLE   78,000 0 0
ENSIGN GROUP INC COM 29358P101   14,781 119,500 SH   SOLE   119,500 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107   8,598 310,300 SH   SOLE   310,300 0 0
AXA EQUITABLE HLDGS INC COM 29452E101   31,560 772,384 SH   SOLE   772,384 0 0
EXTRA SPACE STORAGE INC COM 30225T102   20,999 135,118 SH   SOLE   135,118 0 0
FLYWIRE CORPORATION COM VTG 302492103   13,064 797,100 SH   SOLE   797,100 0 0
GODADDY INC CL A 380237107   24,325 174,108 SH   SOLE   174,108 0 0
GLOBANT S A COM L44385109   21,137 118,573 SH   SOLE   118,573 0 0
GLOBAL PMTS INC COM 37940X102   9,941 102,800 SH   SOLE   102,800 0 0
GUIDEWIRE SOFTWARE INC COM 40171V100   12,177 88,307 SH   SOLE   88,307 0 0
HOST HOTELS & RESORTS INC COM 44107P104   15,498 861,948 SH   SOLE   861,948 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101   16,880 97,600 SH   SOLE   97,600 0 0
ISHARES TR EXPANDED TECH 464287515   15,425 177,500 SH   SOLE   177,500 0 0
INVITATION HOMES INC COM 46187W107   42,601 1,187,000 SH   SOLE   1,187,000 0 0
IRON MTN INC DEL COM 46284V101   3,334 37,200 SH   SOLE   37,200 0 0
INDEPENDENCE RLTY TR INC COM 45378A106   3,917 209,000 SH   SOLE   209,000 0 0
GARTNER INC COM 366651107   41,635 92,717 SH   SOLE   92,717 0 0
HENRY JACK & ASSOC INC COM 426281101   16,834 101,400 SH   SOLE   101,400 0 0
MASTERCARD INCORPORATED CL A 57636Q104   31,548 71,512 SH   SOLE   71,512 0 0
MOODYS CORP COM 615369105   17,048 40,500 SH   SOLE   40,500 0 0
MARSH & MCLENNAN COS INC COM 571748102   29,662 140,766 SH   SOLE   140,766 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106   12,156 294,900 SH   SOLE   294,900 0 0
PACS GROUP INC COM SHS 69380Q107   2,522 85,500 SH   SOLE   85,500 0 0
PROGRESSIVE CORP OHIO COM 743315103   24,198 116,500 SH   SOLE   116,500 0 0
PRUDENTIAL FINANCIAL INC COM 744320102   34,689 296,010 SH   SOLE   296,010 0 0
PAYPAL HLDGS INC COM 70450Y103   27,388 471,958 SH   SOLE   471,958 0 0
REINSURANCE GRP OF AMERICA I COM NEW 759351604   26,845 130,779 SH   SOLE   130,779 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357   26,942 164,000 SH   SOLE   164,000 0 0
SABRA HEALTH CARE REIT INC COM 78573L106   21,490 1,395,446 SH   SOLE   1,395,446 0 0
SHOPIFY INC CL A 82509L107   5,026 76,100 SH   SOLE   76,100 0 0
STAG INDL INC COM 85254J102   2,254 62,500 SH   SOLE   62,500 0 0
THOMSON REUTERS CORP COM 884903808   31,829 188,819 SH   SOLE   188,819 0 0
UDR INC COM 902653104   12,460 302,800 SH   SOLE   302,800 0 0
VOYA FINANCIAL INC COM 929089100   19,965 280,600 SH   SOLE   280,600 0 0
VERISK ANALYTICS INC COM 92345Y106   10,405 38,600 SH   SOLE   38,600 0 0
VENTAS INC COM 92276F100   36,805 718,000 SH   SOLE   718,000 0 0
WORKDAY INC CL A 98138H101   11,960 53,500 SH   SOLE   53,500 0 0
WILLIS TOWERS WATSON PLC LTD SHS G96629103   11,796 45,000 SH   SOLE   45,000 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605   17,738 431,488 SH   SOLE   431,488 0 0