Kawa Capital Management, Inc

Portfolio Overview

Kawa Capital Management, Inc disclosed 4 positions worth $43.2M in its Form 13F-HR for Q4 2025, led by $BDN (BRANDYWINE REALTY TRUST) at 36.4% of the equity portfolio, followed by $ONL and $ARE. During the quarter the fund opened 1 new position and exited 2 — including a new stake in $ARE and a full exit from $GGB. The portfolio is most concentrated in Real Estate (83.7% of disclosed assets). All figures are sourced directly from Kawa Capital Management, Inc’s Form 13F-HR filing with the SEC under CIK 1534242.

• 

  BRANDYWINE REALTY TRUST

  $BDN

  31.5#2,312

  Quality

  $15.7M3,923,145 sh
• 

  Orion Properties Inc.

  $ONL

  20.5#2,671

  Quality

  $12.5M5,474,027 sh
• 

  ALEXANDRIA REAL ESTATE EQUITIES, INC.

  $ARE

  45.1#1,739

  Quality

  $7.9M160,000 sh
• 

  Vale S.A.

  $VALE

  —

  Quality

  $7.1M520,000 sh

Company	Quality	Value	Shares
BRANDYWINE REALTY TRUST$BDN	31.5#2,312	$15.7M	3,923,145
Orion Properties Inc.$ONL	20.5#2,671	$12.5M	5,474,027
ALEXANDRIA REAL ESTATE EQUITIES, INC.$ARE	45.1#1,739	$7.9M	160,000
Vale S.A.$VALE	—	$7.1M	520,000

Showing top 4 of 4 holdings.

Full Holdings — Kawa Capital Management, Inc (Q4 2025)

All 4 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$BDN	BRANDYWINE REALTY TRUST	$15.7M	36.4%	+0%	31.5
2	$ONL	Orion Properties Inc.	$12.5M	29.0%	+0%	20.5
3	$ARE	ALEXANDRIA REAL ESTATE EQUITIES, INC.	$7.9M	18.3%	NEW	45.1
4	$VALE	Vale S.A.	$7.1M	16.3%	-49%	—