SEC 13F Intelligence

Managers / Q4 2021 · view latest →

RUSH ISLAND MANAGEMENT, LP

CIK 0001736465 · 34 EAST 51ST STREET, 14TH FLOOR, NEW YORK, NY, 10022 · 212-468-0163

Reported Value
$545M
Q4 2021
Positions
19
Filings on Record
30
2019–present window
Filed
Feb 14, 2022
original filing

Summary

Rush Island Management, LP reported $545M in U.S.-listed holdings across 19 positions for Q4 2021.

Its largest position, Apartment Income Reit, represents 9.7% of the portfolio.

Compared with Q3 2021, the fund opened 5 new positions and exited 8.

Portfolio Metrics

Turnover
+36.2%
vs prior filed quarter
Top-10 Concentration
+74.0%
share of reported value
Largest Position
+9.7%
Apartment Income Reit
New / Exited
5 / 8
positions this quarter

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. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $148MQ4 ’18Q1 ’19: $169MQ2 ’19: $201MQ3 ’19: $190MQ4 ’19: $139MQ4 ’19Q1 ’20: $170MQ2 ’20: $193MQ3 ’20: $203MQ4 ’20: $259MQ4 ’20Q1 ’21: $300MQ2 ’21: $456MQ3 ’21: $506MQ4 ’21: $545MQ4 ’21Q1 ’22: $481MQ2 ’22: $457MQ3 ’22: $466MQ4 ’22: $607MQ4 ’22Q1 ’23: $884MQ2 ’23: $1.1BQ3 ’23: $1.2BQ4 ’23: $1.3BQ4 ’23Q1 ’24: $1.2BQ2 ’24: $1.2BQ3 ’24: $1.3BQ4 ’24: $1.5BQ4 ’24Q1 ’25: $1.6BQ2 ’25: $1.5BQ3 ’25: $1.5BQ4 ’25: $1.6BQ4 ’25Q1 ’26: $1.5Bfilingsflow.com

Portfolio Composition

By security type
REIT: 87.6%Other: 7.4%Common Stock: 5.0%
  • REIT · 87.6% · $478M
  • Other · 7.4% · $40M
  • Common Stock · 5.0% · $27M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EQREQUITY RESIDENTIALNEW+549.2K549.2K+$50M$50M
PKPARK HOTELS & RESORTS INCNEW+1.70M1.70M+$32M$32M
VENVENTAS INCNEW+455.8K455.8K+$23M$23M
IVTINVENTRUST PPTYS CORPNEW+808.5K808.5K+$22M$22M
BYDBOYD GAMING CORPNEW+178.7K178.7K+$12M$12M
ROICUSDRETAIL OPPORTUNITY INVTS CORADDED+1.28M1.77M+$26M$35M
ELMEWASHINGTON REAL ESTATE INVTSOLD OUT−1.59M0−$39M$0
OREALTY INCOME CORPSOLD OUT−559.1K0−$36M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2021

19 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1APARTMENT INCOME REIT CORPCOM9.74%$53M971.2K
2EQREQUITY RESIDENTIALhistory →SH BEN INT9.12%$50M549.2K
3APLEAPPLE HOSPITALITY REIT INChistory →COM NEW8.72%$48M2.94M
4SUNSTONE HOTEL INVS INC NEWCOM8.01%$44M3.72M
5VERIS RESIDENTIAL INCCOM7.35%$40M2.18M
6NATIONAL HEALTH INVS INCCOM6.37%$35M603.8K
7ROICUSDRETAIL OPPORTUNITY INVTS CORhistory →COM6.36%$35M1.77M
8NNNNATIONAL RETAIL PROPERTIES Ihistory →COM6.29%$34M713.4K
9FIRST INDL RLTY TR INCCOM6.20%$34M510.7K
10PKPARK HOTELS & RESORTS INChistory →COM5.87%$32M1.70M
11IRTINDEPENDENCE RLTY TR INChistory →COM5.59%$30M1.18M
12VENVENTAS INChistory →COM4.27%$23M455.8K
13FRTEURFEDERAL RLTY INVT TRhistory →SH BEN INT NEW4.10%$22M164.0K
14IVTINVENTRUST PPTYS CORPhistory →COM NEW4.04%$22M808.5K
15WHWYNDHAM HOTELS & RESORTS INChistory →COM2.86%$16M174.0K
16BRSPBRIGHTSPIRE CAPITAL INChistory →COM CL A2.17%$12M1.15M
17BYDBOYD GAMING CORPhistory →COM2.15%$12M178.7K
18NTSTNETSTREIT CORPCOM0.78%$4M185.2K
19BROADMARK RLTY CAP INC*W EXP 11/15/2020.00%$20,000221.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.5B22May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.6B17Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.5B17Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.5B18Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.6B14May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.5B14Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.3B18Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.2B13Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.2B16May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.3B16Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.2B22Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.1B18Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$884M14May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$607M15Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$466M13Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$457M17Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$481M15May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$545M19Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$506M22Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$456M24Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$300M19May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$259M19Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$203M22Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$193M18Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$170M24May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$139M12Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$190M14Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$201M18Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$169M19May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$148M15Feb 14, 201913F-HRchanges · 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 ↗.