Rush Island Management, Lp
- Regulatory AUM
- $2.0B
- Discretionary
- $2.0B
- Clients
- 4
- Avg AUM / client
- $505M
- Accounts
- 5
- Employees
- 7
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Investments (13F portfolio — 22 positions, $1,490,688,894)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Essex Ppty Tr Inc | COM | $195,510,106 | 807,893 | 13.1% | 9.68% |
| 2 | Sba Communications Corp | CL A | $168,390,703 | 978,390 | 11.3% | 8.34% |
| 3 | Kilroy Realty Corp | COM | $137,121,532 | 4,860,742 | 9.2% | 6.79% |
| 4 | Nnn Reit Inc | COM | $130,262,907 | 3,099,284 | 8.74% | 6.45% |
| 5 | Healthcare Rlty Tr | CL A COM | $122,758,900 | 7,225,362 | 8.24% | 6.08% |
| 6 | Ventas Inc | COM | $114,709,535 | 1,402,660 | 7.7% | 5.68% |
| 7 | Invitation Homes Inc | COM | $105,292,109 | 4,237,107 | 7.06% | 5.22% |
| 8 | First Indl Rlty Tr Inc | COM | $101,488,800 | 1,754,344 | 6.81% | 5.03% |
| 9 | Federal Rlty Invt Tr New | SH BEN INT NEW | $67,819,121 | 638,538 | 4.55% | 3.36% |
| 10 | Independence Rlty Tr Inc | COM | $51,462,252 | 3,456,162 | 3.45% | 2.55% |
| 11 | Agree Rlty Corp | COM | $51,065,276 | 677,438 | 3.43% | 2.53% |
| 12 | Essential Pptys Rlty Tr Inc | COM | $37,922,281 | 1,249,087 | 2.54% | 1.88% |
| 13 | Americold Realty Trust Inc | COM | $35,495,241 | 3,097,316 | 2.38% | 1.76% |
| 14 | Acadia Rlty Tr | COM SH BEN INT | $32,298,995 | 1,689,278 | 2.17% | 1.6% |
| 15 | Sabra Health Care Reit Inc | COM | $30,735,059 | 1,598,287 | 2.06% | 1.52% |
| 16 | Site Ctrs Corp | COM | $24,006,596 | 4,445,666 | 1.61% | 1.19% |
| 17 | Costar Group Inc | COM | $19,492,288 | 483,200 | 1.31% | 0.97% |
| 18 | Apple Hospitality Reit Inc | COM NEW | $17,143,397 | 1,489,435 | 1.15% | 0.85% |
| 19 | Curbline Pptys Corp | COM | $17,137,816 | 664,514 | 1.15% | 0.85% |
| 20 | Six Flags Entertainment Corp | COM | $16,468,965 | 927,829 | 1.1% | 0.82% |
| 21 | Janus Living Inc | CL A-1 | $7,071,000 | 300,000 | 0.47% | 0.35% |
| 22 | Sonida Senior Living Inc | COM | $7,036,015 | 218,171 | 0.47% | 0.35% |
Top 25 of 22 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 4 | $1.6B | 77.1% |
| Charitable organizations | Fewer than 5 clients | $461M | 22.9% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Jul 2024 · $1.4B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Rush Island Master, Lp master | Hedge Fund | Cayman Islands | $1.4B | 65 |
| Rim Co1, Lp | Hedge Fund | Delaware | $0 | 0 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Millham, Stephen, Lewis | Managing Member | Jul 2017 (9y) | ≈ 0% – 3.75% via Rush Island Management Gp, Llc | |
| Nuckols, Raleigh, W | Managing Member | Jul 2017 (9y) | ≈ 0% – 3.75% via Rush Island Management Gp, Llc | |
| Goldstein, Chad, Hillard | Chief Compliance Officer, Chief Financial Officer, And Chief Operating Officer | Mar 2021 (5y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Rush Island Management Gp, Llc | General Partner | Jul 2017 | A | Less than 5% |
Undisclosed: 0% – 50% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Millham, Stephen, Lewis: 50% – 75% of Rush Island Management Gp, Llc × 0% – 5% direct ≈ 0% – 3.75% of the firm
- Nuckols, Raleigh, W: 50% – 75% of Rush Island Management Gp, Llc × 0% – 5% direct ≈ 0% – 3.75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $1.4B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Rush Island Master, Lp | Hedge Fund | $1.4B | $2.0M | 65 |
| Rim Co1, Lp | Hedge Fund | $0 | $10.0M | 0 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 1.53 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Reported custodians
- Morgan Stanley $264M (13% of AUM) Mar 2026
- Goldman Sachs $177M (9% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗