TCW Concentrated Large Cap Growth Fund Added Kimco Realty Corporation (KIM) to Reduce Exposure to Discretionary Consumer Spend

Core Insights - TCW Global Real Estate Fund reported a return of +2.37% for Q3 2025, underperforming the S&P Global REIT Index which returned +4.50% [1] - The fund's performance was positively impacted by an overweight allocation in Diversified Real Estate Activities, while an overweight in Telecom Tower REITs negatively affected performance [1] Company Analysis: Kimco Realty Corporation - Kimco Realty Corporation (NYSE:KIM) is a leading operator of grocery-anchored shopping centers and mixed-use properties, with a one-month return of -0.63% and a 52-week loss of 12.35% [2] - As of December 26, 2025, Kimco's stock closed at $20.36 per share, with a market capitalization of $13.788 billion [2] - The fund reallocated investments from Simon Property Group to Kimco to reduce exposure to weakening discretionary consumer spending, highlighting Kimco's defensive retail portfolio [3] Hedge Fund Interest - Kimco Realty Corporation was held by 27 hedge fund portfolios at the end of Q3 2025, a decrease from 31 in the previous quarter [4] - While acknowledging Kimco's potential, the analysis suggests that certain AI stocks may offer greater upside potential and less downside risk [4]