REAL ESTATE MANAGEMENT SERVICES LLC

CIK

1177018

Location

NAPLES, FL

Portfolio Value

Small $138,216,661

Diversification

Diversified

Filing Date

Global Rank

#5,680 / 6,919 ▼ 386 · as of Dec 2021

Top Industry

REIT - Retail 26.2%

Period ended 4 years ago

Filed Jan 13, 2022 · 4y

8 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Dec 31, 2021, never from the firm's own description.

Style

Diversified active

Top 10 weight 54.6%, 23.5 effective positions, active share 98.6% against the Russell 2000 as of 2021-12-31; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

45.8% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 6.2 quarters, but 59.9% of the book was already held when coverage starts

Closest benchmark: the Russell 2000 as of 2021-12-31, active share 98.6%; sector active share 74.9% against the combined 13F book's sector weights.

Over time 8 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

32 tracked positions · as of Dec 31, 2021 · Δ vs Sep 30, 2021

Top Position

6.6%

−0.9 pts

Top 5

30.4%

−1.8 pts

Top 10

54.6%

−0.9 pts

HHI

425

Diversified−21

Portfolio Trend

8 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2021

Sector	% Portfolio	Value	Positions
Real Estate	77.5%	$107,159,871	22
Unclassified	20.3%	$27,989,790	9
Financial Services	2.2%	$3,067,000	1

Last Quarter's Activity

Export CSV

Dec 31, 2021 vs Sep 30, 2021

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
—		+152,000	779,400	$6,789,000
—		+32,200	108,600	$6,222,000
UE	Urban Edge Properties	+14,300	260,700	$4,953,300
—		+9,500	133,800	$0
—		+4,828	398,228	$3,652,000
PECO	Phillips Edison & Company, Inc.	+1,470	149,282	$4,932,277
CUZ	Cousins Properties Inc	+800	8,400	$338,352
No positions match the current search.

Trimmed

Positions the filer reduced

21 positions

Ticker	Company	Δ Shares	Shares	Value
DBRHP	DigitalBridge Group, Inc.	−143,800	368,200	$3,067,000
HTA	Healthcare Realty Trust Inc	−63,400	263,900	$8,812,000
IRT	Independence Realty Trust, Inc.	−54,600	146,400	$3,781,512
—		−50,800	187,010	$3,688,000
—		−27,700	382,300	$9,129,000
FOR	Forestar Group Inc.	−27,600	125,902	$2,738,368
UMH	Umh Properties, Inc.	−15,700	263,800	$7,209,654
—		−11,900	137,000	$0
REG	Regency Centers Corp	−11,500	83,000	$6,254,050
STAR	Safehold Inc.	−10,200	113,600	$2,934,000
DOC	Healthpeak Properties, Inc.	−9,400	193,900	$6,997,851
CCS	Century Communities, Inc.	−7,300	37,100	$3,034,409
—		−6,900	34,690	$0
BDN	Brandywine Realty Trust	−6,800	659,700	$8,853,174
XLRE	State Street(R) Real Estate Select Sector SPDR(R) ETF	−5,600	59,000	$3,056,790
BRX	Brixmor Property Group Inc.	−3,600	316,700	$8,047,347
STAG	STAG Industrial, Inc.	−3,400	150,300	$7,208,388
RHP	Ryman Hospitality Properties, Inc.	−2,900	38,900	$3,577,244
—		−2,600	198,000	$3,639,000
—		−2,200	11,870	$2,998,243
—		−1,750	182,636	$4,582,000
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
STWD	Starwood Property Trust, Inc.	113,700	$2,762,910
IVT	InvenTrust Properties Corp.	30,800	$839,608
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

32 tracked positions · $138,216,661 total · filing declares 40 positions · $166,513,000 · as of Dec 31, 2021

All sectors Financial Services Real Estate

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
		Reduced	382,300	-27,700	$9,129,000	+6.4%	8+	before history	6.60%
BDN	Brandywine Realty Trust Real Estate	Reduced	659,700	-6,800	$8,853,174	−1.0%	8+	before history	6.41%
HTA	Healthcare Realty Trust Inc Real Estate	Reduced	263,900	-63,400	$8,812,000	−9.2%	8+	before history	6.38%
BRX	Brixmor Property Group Inc. Real Estate	Reduced	316,700	-3,600	$8,047,347	+13.6%	8+	before history	5.82%
UMH	Umh Properties, Inc. Real Estate	Reduced	263,800	-15,700	$7,209,654	+12.6%	4	$16.98	5.22%
STAG	STAG Industrial, Inc. Real Estate	Reduced	150,300	-3,400	$7,208,388	+19.5%	8+	before history	5.22%
DOC	Healthpeak Properties, Inc. Real Estate	Reduced	193,900	-9,400	$6,997,851	+2.8%	8+	before history	5.06%
		Added	779,400	+152,000	$6,789,000	−8.8%	8+	before history	4.91%
REG	Regency Centers Corp Real Estate	Reduced	83,000	-11,500	$6,254,050	−1.7%	5	$49.37	4.52%
		Added	108,600	+32,200	$6,222,000	+68.1%	4	unpriced	4.50%
UE	Urban Edge Properties Real Estate	Added	260,700	+14,300	$4,953,300	+9.8%	3	$18.77	3.58%
PECO	Phillips Edison & Company, Inc. Real Estate	Added	149,282	+1,470	$4,932,277	+8.7%	2	$28.99	3.57%
		Reduced	182,636	-1,750	$4,582,000	+6.0%	5	unpriced	3.32%
VNO	Vornado Realty Trust Real Estate	Held	102,700	0	$4,299,022	−0.4%	4	$42.90	3.11%
ALX	Alexanders Inc Real Estate	Held	14,676	0	$3,820,162	−0.1%	8+	before history	2.76%
IRT	Independence Realty Trust, Inc. Real Estate	Reduced	146,400	-54,600	$3,781,512	−7.6%	8+	before history	2.74%
		Reduced	187,010	-50,800	$3,688,000	−13.2%	3	unpriced	2.67%
		Added	398,228	+4,828	$3,652,000	−0.5%	8+	before history	2.64%
		Reduced	198,000	-2,600	$3,639,000	+6.0%	8+	before history	2.63%
RHP	Ryman Hospitality Properties, Inc. Real Estate	Reduced	38,900	-2,900	$3,577,244	+2.2%	3	$77.40	2.59%
DBRHP	DigitalBridge Group, Inc. Financial Services	Reduced	368,200	-143,800	$3,067,000	−0.6%	3	unpriced	2.22%
XLRE	State Street(R) Real Estate Select Sector SPDR(R) ETF	Reduced	59,000	-5,600	$3,056,790	+6.5%	8+	before history	2.21%
CCS	Century Communities, Inc. Real Estate	Reduced	37,100	-7,300	$3,034,409	+11.2%	8+	before history	2.20%
		Reduced	11,870	-2,200	$2,998,243	−3.9%	4	$174.83	2.17%
STAR	Safehold Inc. Real Estate	Reduced	113,600	-10,200	$2,934,000	−5.5%	8+	before history	2.12%
STWD	Starwood Property Trust, Inc. Real Estate	NEW	113,700	NEW	$2,762,910	NEW	1	$25.22	2.00%
FOR	Forestar Group Inc. Real Estate	Reduced	125,902	-27,600	$2,738,368	−4.2%	8+	before history	1.98%
IVT	InvenTrust Properties Corp. Real Estate	NEW	30,800	NEW	$839,608	NEW	1	$24.56	0.61%
CUZ	Cousins Properties Inc Real Estate	Added	8,400	+800	$338,352	+19.4%	8+	before history	0.24%
		Added	133,800	+9,500	$0	—	8+	before history	0.00%
		Reduced	34,690	-6,900	$0	—	8+	before history	0.00%
		Reduced	137,000	-11,900	$0	—	3	unpriced	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.