Managers / Q3 2025 · view latest →
Kawa Capital Management, Inc
CIK 0001534242 · 1010 SOUTH FEDERAL HIGHWAY, SUITE 2900, HALLANDALE BEACH, FL, 33009 · 1 (305) 560-5247
Summary
Kawa Capital Management, Inc reported $55M in U.S.-listed holdings across 5 positions for Q3 2025.
The portfolio is heavily concentrated: BDN alone accounts for 29.7% of reported value.
Compared with Q2 2025, the fund opened 0 new positions and exited 1.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- REIT · 56.4% · $31M
- ADR · 31.9% · $18M
- Common Stock · 11.7% · $6M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BHFBRIGHTHOUSE FINL INC | SOLD OUT | −150.0K | 0 | −$8M | $0 |
| VALEVale SA | ADDED | +340.0K | 1.02M | +$4M | $11M |
| DKDelek US Holdings Inc | TRIMMED | −150.0K | 200.0K | −$959,000 | $6M |
| BDNBrandywine Realty Trust | ADDED | +423.1K | 3.92M | +$1M | $16M |
| ONLOrion Properties Inc | HELD | +0 | 5.47M | +$3M | $15M |
| GGBGerdau SA | HELD | +0 | 2.09M | +$376,992 | $6M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BDNBrandywine Realty Trusthistory → | SH BEN INT NEW | 29.66% | $16M | 3.92M |
| 2 | ONLOrion Properties Inchistory → | COM | 26.79% | $15M | 5.47M |
| 3 | VALEVale SAhistory → | SPONSORED ADS | 20.08% | $11M | 1.02M |
| 4 | GGBGerdau SAhistory → | SPON ADR REP PFD | 11.77% | $6M | 2.09M |
| 5 | DKDelek US Holdings Inchistory → | COM | 11.70% | $6M | 200.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q4 2025 | $43M | 4 | Jan 21, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $55M | 5 | Oct 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $55M | 6 | Jul 10, 2025 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2024 | $37M | 4 | Feb 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $0 | 1 | Feb 1, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $0 | 1 | Nov 8, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $21M | 28 | Aug 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $60M | 67 | May 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $104M | 76 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.