RUSH ISLAND MANAGEMENT, LP

NEW YORK, NY · CIK 1736465 · 13F filing filed 2025-08-14

SEC-registered investment adviser since 2018 · limited partnership

Assets managed$2.0bn
Staff7 · 5 in investment roles
Main clients (by assets)Private funds 77%, Charities 23%
Private funds2 (2 hedge) · $1.6bn gross assets
Websiterushisland.com
Form ADV · 2026-03-27SEC adviser record

Legal entityRUSH ISLAND MANAGEMENT, LP (US)

Kindhedge funds, futures
Others nearbyNew York, NY

As an employer

Offices in1 country
Private fundshedge 2

$1.5bn reported value -2.2% vs Q1 2025

17positions

85.2%in top 10

6 new 4 added 6 reduced 3 sold out vs Q1 2025

Options: 1 call positions ($13.8m notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 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	HEALTHCARE RLTY TR CL A COM HR	HR	14,260,152	$226.2m14.73%	14.73%	Added +1.7m	+1,728,491 13.8%
2	VENTAS INC COM VTR	VTR	2,576,620	$162.7m10.59%	10.59%	Reduced -158.5k	-158,465 -5.8%
3	FEDERAL RLTY INVT TR NEW SH BEN INT NEW FRT	FRT	1,605,736	$152.5m9.93%	9.93%	Added +188.1k	+188,116 13.3%
4	NNN REIT INC COM NNN	NNN	3,300,053	$142.5m9.28%	9.28%	Reduced -6.5k	-6,485 -0.2%
5	KILROY RLTY CORP COM KRC	KRC	4,050,074	$139.0m9.05%	9.05%	Reduced -388.7k	-388,665 -8.8%
6	REALTY INCOME CORP COM O	O	2,374,494	$136.8m8.91%	8.91%	Reduced -419.0k	-419,042 -15.0%
7	SIX FLAGS ENTERTAINMENT CORP COM FUN	FUN	3,794,084	$115.5m7.52%	7.52%	New
8	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	360,661	$84.7m5.51%	5.51%	Reduced -187.3k	-187,322 -34.2%
9	FIRST INDL RLTY TR INC COM FR	FR	1,660,174	$79.9m5.20%	5.20%	New
10	HYATT HOTELS CORP COM CL A H	H	497,517	$69.5m4.52%	4.52%	Added +163.5k	+163,501 49.0%
11	HOST HOTELS & RESORTS INC COM HST	HST	4,374,633	$67.2m4.38%	4.38%	Reduced -3.2m	-3,169,853 -42.0%
12	EQUINIX INC COM EQIX	EQIX	52,126	$41.5m2.70%	2.70%	New
13	APARTMENT INVT & MGMT CO CL A AIV	AIV	4,779,357	$41.3m2.69%	2.69%	Unchanged
14	SITE CTRS CORP COM SITC	SITC	2,749,546	$31.1m2.02%	2.02%	Added +398.1k	+398,094 16.9%
15	CORE SCIENTIFIC INC NEW COM CORZ	CORZ	1,218,475	$20.8m1.35%	1.35%	New
16	HUDSON PAC PPTYS INC COM COM		4,529,012	$12.4m0.81%	0.81%	New
17	PARAMOUNT GROUP INC COM PGRE	PGRE	2,015,533	$12.3m0.80%	0.80%	New

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
REXFORD INDL RLTY INC REXR	REXR	3,092,217	$121.1m3.1m shares
COUSINS PPTYS INC CUZ	CUZ	2,741,978	$80.9m2.7m shares
BROOKDALE SR LIVING INC BKD	BKD	6,462,066	$40.5m6.5m shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
CORE SCIENTIFIC INC NEW CORZ · Call	CORZ	Call	810,800	$13.8m810.8k shares	New

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
SITE CTRS CORP SITC · 13G · filed 2026-02-17	SITC	7.6%≈ $15.8m	+1.2 pts	13G	2026-02-17
NATIONAL HEALTHCARE PPTYS IN 13G · filed 2026-08-14		5.8%≈ $37.8m	new	13G	2026-08-14