Instuitional Investor - Kawa Capital Management, Inc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Brandywine Realty Trust	BDN	3,500,000	$15,015,000	27.36%
2.	Orion Properties Inc.	ONL	5,474,027	$11,659,678	21.25%
3.	Brighthouse Financial Inc.	BHF	150,000	$8,065,500	14.7%
4.	Delek Us Holdings Inc.	DK	350,000	$7,413,000	13.51%
5.	Vale S A	VALE	680,000	$6,602,800	12.03%