$1.86 Billion is the total value of Long Pond Capital's 39 reported holdings in Q1 2023. The portfolio turnover from Q4 2022 to Q1 2023 was 65.8% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CPT | Buy | CAMDEN PPTY TRsh ben int | $147,203,118 | +38.7% | 1,404,074 | +48.1% | 7.90% | +21.7% |
| SRC | Buy | SPIRIT RLTY CAP INC NEW | $137,945,363 | +49.5% | 3,462,484 | +49.8% | 7.40% | +31.1% |
| JBGS | Buy | JBG SMITH PPTYS | $128,965,617 | -20.3% | 8,563,454 | +0.5% | 6.92% | -30.1% |
| AVB | Sell | AVALONBAY CMNTYS INC | $117,984,674 | -4.9% | 702,039 | -8.6% | 6.33% | -16.5% |
| PEAK | New | HEALTHPEAK PROPERTIES INC | $116,893,011 | – | 5,320,574 | +100.0% | 6.28% | – |
| MAA | New | MID-AMER APT CMNTYS INC | $99,428,122 | – | 658,290 | +100.0% | 5.34% | – |
| New | SAFEHOLD INC | $95,727,374 | – | 3,259,359 | +100.0% | 5.14% | – | |
| LXP | Buy | LXP INDUSTRIAL TRUST | $90,350,169 | +8.4% | 8,763,353 | +5.4% | 4.85% | -4.9% |
| AMH | Buy | AMERICAN HOMES 4 RENTcl a | $90,049,779 | +157.4% | 2,863,268 | +146.7% | 4.83% | +125.9% |
| IRT | Sell | INDEPENDENCE RLTY TR INC | $77,529,031 | -12.2% | 4,836,496 | -7.7% | 4.16% | -23.0% |
| EQR | Buy | EQUITY RESIDENTIALsh ben int | $73,299,180 | +15.7% | 1,221,653 | +13.8% | 3.94% | +1.5% |
| FOR | FORESTAR GROUP INC | $72,849,944 | +1.0% | 4,681,873 | 0.0% | 3.91% | -11.4% | |
| CBRE | New | CBRE GROUP INCcl a | $70,045,477 | – | 962,031 | +100.0% | 3.76% | – |
| DHI | Sell | D R HORTON INC | $58,433,567 | +8.1% | 598,153 | -1.4% | 3.14% | -5.1% |
| FMX | Sell | FOMENTO ECONOMICO MEXICANO Sspon adr units | $54,260,775 | +5.9% | 570,026 | -13.1% | 2.91% | -7.1% |
| VAC | Buy | MARRIOTT VACATIONS WORLDWIDE | $53,358,573 | +19.5% | 395,659 | +19.3% | 2.86% | +4.8% |
| STAG | Sell | STAG INDL INC | $44,907,515 | -7.9% | 1,327,839 | -12.0% | 2.41% | -19.2% |
| EPRT | Buy | ESSENTIAL PPTYS RLTY TR INC | $44,848,361 | +145.1% | 1,804,763 | +131.5% | 2.41% | +115.0% |
| CLI | New | VERIS RESIDENTIAL INC | $42,493,376 | – | 2,902,553 | +100.0% | 2.28% | – |
| AIV | Sell | APARTMENT INVT & MGMT COcl a | $40,295,408 | -2.6% | 5,239,975 | -9.8% | 2.16% | -14.5% |
| FR | FIRST INDL RLTY TR INC | $36,010,495 | +10.2% | 676,889 | 0.0% | 1.93% | -3.3% | |
| MLCO | Sell | MELCO RESORTS AND ENTMNT LTDadr | $22,952,992 | -9.8% | 1,803,063 | -18.5% | 1.23% | -20.9% |
| MSGS | Sell | MADISON SQUARE GRDN SPRT CORcl a | $19,226,434 | -53.1% | 98,673 | -55.9% | 1.03% | -58.9% |
| AIRC | Sell | APARTMENT INCOME REIT CORP | $17,993,988 | -39.7% | 502,485 | -42.2% | 0.97% | -47.1% |
| HGV | Sell | HILTON GRAND VACATIONS INC | $14,987,083 | -15.3% | 337,319 | -26.5% | 0.80% | -25.6% |
| LSI | Sell | LIFE STORAGE INC | $14,490,295 | -79.0% | 110,537 | -84.2% | 0.78% | -81.6% |
| BRX | New | BRIXMOR PPTY GROUP INC | $14,109,523 | – | 655,647 | +100.0% | 0.76% | – |
| MTH | Sell | MERITAGE HOMES CORP | $10,825,287 | -54.4% | 92,714 | -64.0% | 0.58% | -60.0% |
| SHO | Sell | SUNSTONE HOTEL INVS INC NEW | $8,893,897 | -2.1% | 900,192 | -4.2% | 0.48% | -14.2% |
| PGRE | New | PARAMOUNT GROUP INC | $7,785,311 | – | 1,707,305 | +100.0% | 0.42% | – |
| RLJ | Buy | RLJ LODGING TR | $7,777,220 | +24.9% | 733,700 | +24.8% | 0.42% | +9.7% |
| ROIC | New | RETAIL OPPORTUNITY INVTS COR | $7,229,744 | – | 517,890 | +100.0% | 0.39% | – |
| New | INVENTRUST PPTYS CORP | $6,892,142 | – | 294,536 | +100.0% | 0.37% | – | |
| FPH | Sell | FIVE POINT HOLDINGS LLC | $6,805,397 | -6.6% | 2,883,643 | -7.8% | 0.36% | -18.2% |
| DRH | New | DIAMONDROCK HOSPITALITY CO | $4,327,323 | – | 532,266 | +100.0% | 0.23% | – |
| JLL | New | JONES LANG LASALLE INC | $2,251,603 | – | 15,476 | +100.0% | 0.12% | – |
| OPEN | New | OPENDOOR TECHNOLOGIES INC | $2,024,000 | – | 1,150,000 | +100.0% | 0.11% | – |
| Sell | SMARTRENT INC | $969,000 | -73.6% | 380,000 | -74.9% | 0.05% | -76.9% | |
| DEI | New | DOUGLAS EMMETT INC | $386,299 | – | 31,330 | +100.0% | 0.02% | – |
| AGNC | Exit | AGNC INVT CORP | $0 | – | -260,600 | -100.0% | -0.16% | – |
| UHAL | Exit | U HAUL HOLDING COMPANY | $0 | – | -170,148 | -100.0% | -0.63% | – |
| PLD | Exit | PROLOGIS INC. | $0 | – | -100,000 | -100.0% | -0.69% | – |
| BNL | Exit | BROADSTONE NET LEASE INC | $0 | – | -736,220 | -100.0% | -0.73% | – |
| TNL | Exit | TRAVEL PLUS LEISURE CO | $0 | – | -449,426 | -100.0% | -1.00% | – |
| SIX | Exit | SIX FLAGS ENTMT CORP NEW | $0 | – | -776,919 | -100.0% | -1.10% | – |
| Exit | BROOKFIELD CORPcl a ltd vt sh | $0 | – | -759,600 | -100.0% | -1.33% | – | |
| SHW | Exit | SHERWIN WILLIAMS CO | $0 | – | -92,900 | -100.0% | -1.35% | – |
| HLT | Exit | HILTON WORLDWIDE HLDGS INC | $0 | – | -175,000 | -100.0% | -1.35% | – |
| SAFE | Exit | SAFEHOLD INC | $0 | – | -913,523 | -100.0% | -1.60% | – |
| KRC | Exit | KILROY RLTY CORP | $0 | – | -1,238,143 | -100.0% | -2.93% | – |
| UDR | Exit | UDR INC | $0 | – | -1,896,011 | -100.0% | -4.49% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2023-05-15
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% |
| AMERICAN HOMES 4 RENT | 24 | Q1 2023 | 13.2% |
| PARAMOUNT GROUP INC | 24 | Q1 2023 | 9.5% |
| MADISON SQUARE GRDN SPRT COR | 24 | Q1 2023 | 8.5% |
| JBG SMITH PPTYS | 23 | Q1 2023 | 10.1% |
| FORESTAR GROUP INC | 23 | Q1 2023 | 4.4% |
| D R HORTON INC | 22 | Q1 2023 | 17.8% |
| FIVE POINT HOLDINGS LLC | 22 | Q1 2023 | 1.6% |
| HILTON GRAND VACATIONS INC | 19 | Q1 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% |
| Forestar Group Inc. | February 13, 2023 | 4,681,873 | 9.4% |
| JBG SMITH Properties | February 13, 2023 | 8,522,716 | 7.5% |
| 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% |
View Long Pond Capital's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2023-05-15 |
| 13F-HR | 2023-02-14 |
| SC 13G/A | 2023-02-13 |
| SC 13G/A | 2023-02-13 |
| SC 13G/A | 2023-02-13 |
| SC 13G | 2023-02-13 |
| 13F-HR | 2022-11-14 |
| 13F-HR | 2022-08-12 |
| 13F-HR | 2022-05-16 |
| 13F-HR | 2022-02-14 |
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.