Kawa Capital Management, Inc

HALLANDALE BEACH, FL · CIK 1534242 · 13F filing filed 2026-01-21

SEC-registered investment adviser since 2011 · corporation

Assets managed$2.8bn
Staff53 · 23 in investment roles
Main clients (by assets)Private funds 95%, High net worth individuals 5%
Private funds11 (5 hedge) · $1.8bn gross assets
Form ADV · 2026-06-04SEC adviser record

Legal entityKawa Capital Management, Inc. (US)

$43.2m reported value -21.6% vs Q3 2025

4positions

100.0%in top 10

1 new 0 added 1 reduced 2 sold out vs Q3 2025

Holdings, Q4 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	BRANDYWINE RLTY TR SH BEN INT NEW BDN	BDN	3,923,145	$15.7m36.37%	36.37%	Unchanged
2	ORION OFFICE REIT INC COM ONL	ONL	5,474,027	$12.5m28.99%	28.99%	Unchanged
3	ALEXANDRIA REAL ESTATE EQ IN COM ARE	ARE	160,000	$7.9m18.33%	18.33%	New
4	VALE S A SPONSORED ADS VALE	VALE	520,000	$7.1m16.31%	16.31%	Reduced -500.0k	-500,000 -49.0%

Sold out since Q3 2025

Security	Ticker	Shares held before	Value then
GERDAU SA GGB	GGB	2,094,404	$6.5m2.1m shares
DELEK US HLDGS INC NEW DK	DK	200,000	$6.5m200.0k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
ORION OFFICE REIT INC ONL · 13D · filed 2026-01-26	ONL	9.7%≈ $15.8m	no change	13D	2026-01-26