$1.95 Billion is the total value of Long Pond Capital's 30 reported holdings in Q1 2020. The portfolio turnover from Q4 2019 to Q1 2020 was 71.4% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MSGS | Buy | MADISON SQUARE GARDEN CO NEWcl a | $165,067,000 | -26.8% | 780,792 | +1.9% | 8.46% | +47.0% |
| WH | Buy | WYNDHAM HOTELS & RESORTS INC | $159,676,000 | +114.8% | 5,067,483 | +328.1% | 8.18% | +331.0% |
| AIV | Buy | APARTMENT INVT & MGMT COcl a | $123,735,000 | +9.7% | 3,520,204 | +61.2% | 6.34% | +120.2% |
| H | Sell | HYATT HOTELS CORP | $119,596,000 | -54.7% | 2,496,794 | -15.2% | 6.13% | -9.1% |
| DHI | Sell | D R HORTON INC | $114,641,000 | -75.2% | 3,371,784 | -61.5% | 5.88% | -50.2% |
| JBGS | Buy | JBG SMITH PPTYS | $110,841,000 | +3.6% | 3,482,287 | +29.8% | 5.68% | +108.0% |
| HLT | Buy | HILTON WORLDWIDE HLDGS INC | $105,338,000 | -29.0% | 1,543,642 | +15.5% | 5.40% | +42.6% |
| VNO | Sell | VORNADO RLTY TRsh ben int | $100,365,000 | -63.1% | 2,771,750 | -32.2% | 5.14% | -25.9% |
| PEB | Buy | PEBBLEBROOK HOTEL TR | $97,014,000 | +71.5% | 8,908,508 | +322.3% | 4.97% | +244.4% |
| STAY | Buy | EXTENDED STAY AMER INCunit 99/99/9999b | $89,997,000 | -9.8% | 12,311,506 | +83.3% | 4.61% | +81.0% |
| SBRA | Sell | SABRA HEALTH CARE REIT INC | $89,802,000 | -51.8% | 8,223,606 | -5.8% | 4.60% | -3.3% |
| FR | Buy | FIRST INDL RLTY TR INC | $75,712,000 | +435.6% | 2,278,419 | +569.1% | 3.88% | +975.1% |
| HGV | Buy | HILTON GRAND VACATIONS INC | $74,708,000 | -12.6% | 4,737,350 | +90.6% | 3.83% | +75.5% |
| HPP | Sell | HUDSON PAC PPTYS INC | $70,030,000 | -36.3% | 2,761,436 | -5.5% | 3.59% | +27.8% |
| KRC | Buy | KILROY RLTY CORP | $53,974,000 | +6.7% | 847,312 | +40.5% | 2.77% | +114.2% |
| FOR | FORESTAR GROUP INC | $48,457,000 | -50.4% | 4,681,873 | 0.0% | 2.48% | -0.4% | |
| PGRE | Sell | PARAMOUNT GROUP INC | $42,474,000 | -70.2% | 4,826,545 | -52.8% | 2.18% | -40.1% |
| RHP | New | RYMAN HOSPITALITY PPTYS INC | $42,442,000 | – | 1,183,879 | +100.0% | 2.18% | – |
| MGM | New | MGM RESORTS INTERNATIONAL | $41,144,000 | – | 3,486,800 | +100.0% | 2.11% | – |
| AVB | New | AVALONBAY CMNTYS INC | $33,168,000 | – | 225,375 | +100.0% | 1.70% | – |
| VAC | New | MARRIOTT VACTINS WORLDWID CO | $31,908,000 | – | 574,100 | +100.0% | 1.64% | – |
| FPH | FIVE POINT HOLDINGS LLC | $31,874,000 | -27.1% | 6,286,780 | 0.0% | 1.63% | +46.4% | |
| RRR | Buy | RED ROCK RESORTS INCcl a | $27,525,000 | -53.8% | 3,219,355 | +29.5% | 1.41% | -7.2% |
| JLL | New | JONES LANG LASALLE INC | $25,272,000 | – | 250,267 | +100.0% | 1.30% | – |
| CPT | New | CAMDEN PPTY TRsh ben int | $19,322,000 | – | 243,841 | +100.0% | 0.99% | – |
| CUZ | New | COUSINS PPTYS INC | $17,827,000 | – | 609,051 | +100.0% | 0.91% | – |
| ESS | New | ESSEX PPTY TR INC | $17,725,000 | – | 80,480 | +100.0% | 0.91% | – |
| MLCO | New | MELCO RESORTS AND ENTMNT LTDadr | $12,400,000 | – | 1,000,000 | +100.0% | 0.64% | – |
| MAA | New | MID AMER APT CMNTYS INC | $4,636,000 | – | 45,000 | +100.0% | 0.24% | – |
| PLYA | PLAYA HOTELS & RESORTS NV | $4,103,000 | -79.2% | 2,344,296 | 0.0% | 0.21% | -58.3% | |
| BYD | Exit | BOYD GAMING CORP | $0 | – | -181,774 | -100.0% | -0.14% | – |
| STAR | Exit | ISTAR INC | $0 | – | -1,087,864 | -100.0% | -0.40% | – |
| EPR | Exit | EPR PPTYS | $0 | – | -249,130 | -100.0% | -0.45% | – |
| SNH | Exit | SENIOR HSG PPTYS TRsh ben int | $0 | – | -2,095,000 | -100.0% | -0.45% | – |
| CTRE | Exit | CARETRUST REIT INC | $0 | – | -1,039,727 | -100.0% | -0.55% | – |
| WLH | Exit | LYON WILLIAM HOMEScl a new | $0 | – | -1,137,924 | -100.0% | -0.58% | – |
| ALX | Exit | ALEXANDERS INC | $0 | – | -82,526 | -100.0% | -0.70% | – |
| PEAK | Exit | HEALTHPEAK PPTYS INC | $0 | – | -1,672,358 | -100.0% | -1.47% | – |
| CONE | Exit | CYRUSONE INC | $0 | – | -1,127,616 | -100.0% | -1.88% | – |
| LEN | Exit | LENNAR CORPcl a | $0 | – | -1,421,155 | -100.0% | -2.02% | – |
| LOW | Exit | LOWES COS INC | $0 | – | -730,000 | -100.0% | -2.23% | – |
| DIA | Exit | SPDR DOW JONES INDL AVRG ETFut ser 1 | $0 | – | -566,899 | -100.0% | -4.13% | – |
| OC | Exit | OWENS CORNING NEW | $0 | – | -3,233,385 | -100.0% | -5.38% | – |
| VTR | Exit | VENTAS INC | $0 | – | -4,147,962 | -100.0% | -6.12% | – |
| HYG | Exit | ISHARES TRput | $0 | – | -2,800,000 | -100.0% | -6.29% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2020-05-15
Signatures
The EDGAR filing(s) were signed by:
About Long Pond Capital
Long Pond Capital is a New York-based investment firm that specializes in real estate investments. The firm was founded in 2002 by John Khoury, who serves as the firm's CEO and Chief Investment Officer. Long Pond Capital manages over $3 billion in assets and has a team of over 30 investment professionals.
The firm's investment strategy is focused on identifying undervalued real estate assets and investing in them with a long-term perspective. Long Pond Capital has a strong track record of generating attractive returns for its investors, with a particular focus on distressed real estate opportunities.
In recent years, Long Pond Capital has been particularly active in the real estate sector, investing in a range of assets including hotels, office buildings, and residential properties. The firm has also been involved in a number of high-profile real estate transactions, including the acquisition of a portfolio of hotels from Starwood Capital Group in 2018.
Long Pond Capital's success can be attributed to its experienced team of investment professionals, who have a deep understanding of the real estate market and a proven ability to identify attractive investment opportunities. The firm's focus on long-term value creation and disciplined investment approach has helped it to deliver strong returns for its investors over the years.
It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| HYATT HOTELS CORP | 29 | Q2 2022 | 9.2% |
| MADISON SQUARE GRDN SPRT COR | 26 | Q3 2023 | 8.5% |
| PARAMOUNT GROUP INC | 25 | Q2 2023 | 9.5% |
| JBG SMITH PPTYS | 25 | Q3 2023 | 10.1% |
| FORESTAR GROUP INC | 25 | Q3 2023 | 4.8% |
| D R HORTON INC | 24 | Q3 2023 | 17.8% |
| AMERICAN HOMES 4 RENT | 24 | Q1 2023 | 13.2% |
| FIVE POINT HOLDINGS LLC | 24 | Q3 2023 | 1.6% |
| HILTON GRAND VACATIONS INC | 21 | Q3 2023 | 7.5% |
| TAUBMAN CTRS INC | 18 | Q3 2018 | 15.9% |
View Long Pond Capital's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| APARTMENT INVESTMENT & MANAGEMENT CO | February 13, 2023 | 5,810,366 | 3.8% |
| Five Point Holdings, LLC | February 13, 2023 | 3,127,395 | 4.5% |
| NETSTREIT Corp. | February 14, 2022 | 2,068,681 | 4.1% |
| Hyatt Hotels CorpSold out | February 12, 2021 | 0 | 0.0% |
| Century Communities, Inc.Sold out | February 14, 2020 | 0 | 0.0% |
| Hilton Grand Vacations Inc. | February 14, 2020 | 2,484,858 | 2.9% |
| WILLIAM LYON HOMES | February 14, 2020 | 1,137,924 | 3.4% |
| Paramount Group, Inc.Sold out | February 14, 2019 | 0 | 0.0% |
| TAUBMAN CENTERS INCSold out | February 14, 2019 | 0 | 0.0% |
| LaSalle Hotel Properties | February 13, 2018 | 5,780,546 | 5.1% |
View Long Pond Capital's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2024-02-14 |
| SC 13G/A | 2024-02-13 |
| SC 13G/A | 2024-02-13 |
| SC 13G | 2024-02-13 |
| 13F-HR | 2023-11-14 |
| 13F-HR | 2023-08-14 |
| 13F-HR | 2023-05-15 |
| 13F-HR | 2023-02-14 |
| SC 13G/A | 2023-02-13 |
| SC 13G/A | 2023-02-13 |
View Long Pond Capital's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.