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Kawa Capital Management, Inc: 13F holdings, Q4 2025

Hedge fund · SEC EDGAR filings (CIK 1534242) · Explore on the interactive board

Kawa Capital Management, Inc disclosed 4 US equity positions worth $43.2m in its Q4 2025 13F filing (holdings as of December 31, 2025, filed January 21, 2026). Its largest position is BDN at 36.4% of the reported book, followed by ONL, ARE. The top ten holdings are 100.0% of the book, and the portfolio behaves like about 4 equal-weight positions. Versus the prior filing it opened 1 new position, added to 0, reduced 1 and exited 2. Note: this manager's most recent filing is 2 quarters behind the newest quarter on file, so these figures are history rather than current positioning.

This manager's most recent filing is 2 quarter(s) behind the newest quarter on file. Treat these figures as history, not current positioning.
$43.2mreported US equity book
4positions
36.4%largest position
100.0%top 10 weight
3.62effective positions (1/HHI)
5quarters on file since Q4 2024

What does Kawa Capital Management, Inc own? Top holdings as of December 31, 2025

Change is measured in shares against the previous filing (Q3 2025), so price moves do not read as decisions. This quarter: 1 new, 0 added, 1 reduced, 2 exited.

#StockSectorWeightValueSharesΔ sharesAction
1 BDN Brandywine Realty Trust Real Estate 36.4%$15.7m3,923,145 0% held
2 ONL Orion Properties Inc Real Estate 29.0%$12.5m5,474,027 0% held
3 ARE Alexandria Real Estate Equities Inc Real Estate 18.3%$7.9m160,000 – new
4 VALE Vale SA Basic Materials 16.3%$7.1m520,000 -49% reduced

What did Kawa Capital Management, Inc sell? Positions exited since the previous filing

StockPrior weightPrior value
GGB Gerdau SA50.1%$6.5m
DK Delek US Holdings Inc49.9%$6.5m

Sector mix

SectorWeight
Real Estate83.7%
Basic Materials16.3%

Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.

Filing history

QuarterPositionsEquity value
Q4 20254$43.2m
Q3 20255$55.2m
Q2 20256$54.9m
Q1 20256$44.7m
Q4 20244$36.9m

How concentrated is Kawa Capital Management, Inc's portfolio?

Across every quarter Kawa Capital Management, Inc has filed, its median largest position is 30.1% of the book and its median top-ten weight is 100.0%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 4.0 completed holding spells, the median lasted 2.5 quarters; 4.0 positions are still open and their final length is unknown.