Rush Island Management, L.P. 13F annual report

Rush Island Management, L.P. is an investment fund managing more than $454 million ran by Chad Goldstein. There are currently 11 companies in Mr. Goldstein’s portfolio. The largest investments include Apartment Income REIT and Federal Rlty Invt Tr New, together worth $152 million.

$454 million Assets Under Management (AUM)

As of 7th November 2022, Rush Island Management, L.P.’s top holding is 1,979,543 shares of Apartment Income REIT currently worth over $76.5 million and making up 16.8% of the portfolio value. Relative to the number of outstanding shares of Apartment Income REIT, Rush Island Management, L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 834,585 shares of Federal Rlty Invt Tr New worth $75.2 million. The third-largest holding is Park Hotels & Resorts Inc worth $74.2 million and the next is Spirit Rlty Cap Inc New worth $51.3 million, with 1,417,880 shares owned.

Currently, Rush Island Management, L.P.'s portfolio is worth at least $454 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Rush Island Management, L.P.

The Rush Island Management, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Chad Goldstein serves as the CCO, CFO, and COO at Rush Island Management, L.P..

Recent trades

In the most recent 13F filing, Rush Island Management, L.P. revealed that it had opened a new position in Spirit Rlty Cap Inc New and bought 1,417,880 shares worth $51.3 million.

The investment fund also strengthened its position in Apartment Income REIT by buying 132,414 additional shares. This makes their stake in Apartment Income REIT total 1,979,543 shares worth $76.5 million. Apartment Income REIT dropped approximately 0.1% in the past year.

On the other hand, there are companies that Rush Island Management, L.P. is getting rid of from its portfolio. Rush Island Management, L.P. closed its position in First Indl Rlty Tr Inc on 14th November 2022. It sold the previously owned 1,148,769 shares for $54.5 million. Chad Goldstein also disclosed a decreased stake in National Retail Properties I by approximately 0.1%. This leaves the value of the investment at $45.3 million and 1,135,820 shares.

One of the smaller hedge funds

The two most similar investment funds to Rush Island Management, L.P. are Squadra Investments - Gestao De Recursos Ltda and Qtron Investments. They manage $454 million and $455 million respectively.

Chad Goldstein investment strategy

Rush Island Management, L.P.’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Real Estate — making up 36.3% of the total portfolio value. The fund focuses on investments in the United States as 27.3% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 9% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $8.95 billion.

The complete list of Rush Island Management, L.P. trades based on 13F SEC filings

These positions were updated on November 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Apartment Income REIT Corp.	7.17% 1,979,543	$76,450,000	16.83%
Federal Rlty Invt Tr New	89.77% 834,585	$75,213,000	16.56%
Park Hotels & Resorts Inc	33.61% 6,593,639	$74,244,000	16.35%
First Indl Rlty Tr Inc	Closed 1,148,769	$54,544,000
Spirit Rlty Cap Inc New	Opened 1,417,880	$51,271,000	11.29%
National Retail Properties I	4.39% 1,135,820	$45,274,000	9.97%
Sunstone Hotel Invs Inc New	5.54% 4,488,621	$42,283,000	9.31%
Epr Pptys	Opened 1,127,195	$40,421,000	8.90%
National Health Invs Inc	Closed 450,380	$27,298,000
Kilroy Rlty Corp	Opened 480,379	$20,229,000	4.45%
Veris Residential Inc	Closed 1,373,788	$18,189,000
Ventas Inc	10.44% 353,652	$14,206,000	3.13%
Inventrust Pptys Corp	Opened 388,163	$8,280,000	1.82%
Expedia Group Inc	Closed 71,520	$6,782,000
Brookdale Sr Living Inc	Opened 1,478,081	$6,311,000	1.39%
No transactions found
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