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Institutional Investment Manager
CEDAR CAPITAL, LLC
CEDAR CAPITAL, LLC (CIK: 0001666746). Institutional holdings reported to the SEC.

Institutional Holdings (2016Q2)
Portfolio Summary: 81 holdings with a total value of $305,248,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 POWERSHARES ETF TR II 42,722 1,828,000 0.60%
52 VANGUARD SCOTTSDALE FDS 21,499 1,922,000 0.63%
53 Northstar Realty Fin REIT 170,767 1,952,000 0.64%
54 COLONY CAPITAL CL A ORD 127,398 1,956,000 0.64%
55 NORTHSTAR ASSET 199,615 2,038,000 0.67%
56 PROSHARES TR 25,566 2,074,000 0.68%
57 SUNSTONE HOTEL INVESTORS REIT 173,422 2,093,000 0.69%
58 FelCor Lodging Trust Inc 340,931 2,124,000 0.70%
59 ISHARES TR 21,253 2,394,000 0.78%
60 OMEGA HEALTHCARE INVS INC 80,208 2,723,000 0.89%
61 HEALTHCARE RLTY TR 81,182 2,841,000 0.93%
62 ALEX REAL ESTATE EQ 28,257 2,925,000 0.96%
63 BLACKSTONE MTG TR INC 108,188 2,994,000 0.98%
64 NEW SR INVEST GRP INC COM 291,170 3,110,000 1.02%
65 RYMAN HOSPITALITY PPTYS INC 62,448 3,163,000 1.04%
66 ISHARES TR 29,976 3,310,000 1.08%
67 Gramercy PPTY TR Com 371,863 3,429,000 1.12%
68 VENTAS INC 50,216 3,657,000 1.20%
69 POWERSHARES ETF TR II 98,026 3,838,000 1.26%
70 POWERSHARES ETF TR II 102,467 3,919,000 1.28%
71 ONEOK INC NEW 86,349 4,097,000 1.34%
72 ISHARES TR 34,372 4,377,000 1.43%
73 STARWOOD PPTY TR INC COM 262,118 5,431,000 1.78%
74 HOSPITALITY PPTYS TR 190,487 5,486,000 1.80%
75 STAG INDL INC 236,658 5,635,000 1.85%
76 LXP INDUSTRIAL TRUST COM 663,208 6,705,000 2.20%
77 NEW RESIDENTIAL INVT CORP COM NEW 582,998 8,069,000 2.64%
78 PROSHARES TR 121,577 9,797,000 3.21%
79 PROSHARES TR 129,431 9,936,000 3.26%
80 ISHARES TR 727,512 83,649,000 27.40%
81 ISHARES TR 561,507 83,883,000 27.48%
Page 2 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000950123-16-018906, filed 2016.08.05).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.