Long Pond Capital 13F holdings, Q3 2018
Holdings as of September 30, 2018 · filings on SEC EDGAR · latest filing →
Long Pond Capital disclosed 36 US equity positions worth $3.5bn in its Q3 2018 13F filing. The largest position was DHI at 16.1% of the reported book, followed by HLT and CAESARS ENTMT CORP. Against the Q2 2018 filing, it opened 9 new positions, added to 8 and reduced 13 among the top 36 holdings.
What did Long Pond Capital own in Q3 2018? Top 36 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2018 |
|---|---|---|---|---|---|---|---|
| 1 | DHI D R HORTON INC | Consumer Cyclical | 16.1% | $561.1m | 13,303,230 | 1% | added |
| 2 | HLT HILTON WORLDWIDE HLDGS INC | Consumer Cyclical | 11.8% | $412.8m | 5,109,756 | 231% | added |
| 3 | CAESARS ENTMT CORP | 7.1% | $247.5m | 24,147,681 | 3% | added | |
| 4 | LEN LENNAR CORP | Consumer Cyclical | 6.4% | $223.8m | 4,794,176 | -8% | reduced |
| 5 | VNO VORNADO RLTY TR | Real Estate | 6.1% | $211.6m | 2,898,192 | -19% | reduced |
| 6 | APARTMENT INVT & MGMT CO | 5.2% | $180.5m | 4,091,171 | -31% | reduced | |
| 7 | WH WYNDHAM HOTELS & RESORTS INC | Consumer Cyclical | 4.8% | $166.1m | 2,989,252 | 123% | added |
| 8 | 6PM PARAMOUNT GROUP INC | 4.2% | $146.4m | 9,704,767 | -32% | reduced | |
| 9 | AMH AMERICAN HOMES 4 RENT | Real Estate | 3.6% | $127.5m | 5,825,425 | -45% | reduced |
| 10 | TMHC* TAYLOR MORRISON HOME CORP | 2.8% | $99.3m | 5,506,993 | 83% | added | |
| 11 | MGM MGM RESORTS INTERNATIONAL | Consumer Cyclical | 2.7% | $94.1m | 3,372,216 | – | new |
| 12 | REXR REXFORD INDL RLTY INC | Real Estate | 2.4% | $85.2m | 2,665,467 | 7% | added |
| 13 | LASALLE HOTEL PPTYS | 2.4% | $83.4m | 2,410,871 | 0% | held | |
| 14 | JBGS JBG SMITH PPTYS | Real Estate | 2.3% | $81.4m | 2,209,533 | -8% | reduced |
| 15 | HGV HILTON GRAND VACATIONS INC | Consumer Cyclical | 2.3% | $81.3m | 2,455,169 | – | new |
| 16 | FOR FORESTAR GROUP INC | Real Estate | 2.2% | $76.7m | 3,617,373 | 0% | held |
| 17 | COLUMBIA PPTY TR INC | 1.6% | $55.7m | 2,355,224 | -6% | reduced | |
| 18 | MHK MOHAWK INDS INC | Consumer Cyclical | 1.5% | $51.2m | 291,871 | -61% | reduced |
| 19 | DIA SPDR DOW JONES INDL AVRG ETF | 1.4% | $48.8m | 184,550 | -49% | reduced | |
| 20 | EPRT ESSENTIAL PPTYS RLTY TR INC | Real Estate | 1.2% | $42.6m | 3,000,000 | 0% | held |
| 21 | ESRT EMPIRE ST RLTY TR INC | Real Estate | 1.1% | $39.8m | 2,394,333 | 0% | held |
| 22 | VMC VULCAN MATLS CO | Basic Materials | 1.1% | $39.3m | 353,001 | – | new |
| 23 | FPH FIVE POINT HOLDINGS LLC | Real Estate | 1.1% | $38.1m | 4,046,380 | 11% | added |
| 24 | HUDSON PAC PPTYS INC | 1.1% | $37.2m | 1,138,340 | – | new | |
| 25 | CCS CENTURY CMNTYS INC | Real Estate | 1.0% | $34.6m | 1,317,769 | – | new |
| 26 | BELMOND LTD | 0.9% | $32.6m | 1,788,467 | 350% | added | |
| 27 | MTH MERITAGE HOMES CORP | Consumer Cyclical | 0.8% | $28.0m | 702,963 | – | new |
| 28 | PEB PEBBLEBROOK HOTEL TR | Real Estate | 0.8% | $27.8m | 765,000 | -24% | reduced |
| 29 | AVBC AVALONBAY CMNTYS INC | Financial Services | 0.8% | $26.9m | 148,609 | -81% | reduced |
| 30 | H HYATT HOTELS CORP | Consumer Cyclical | 0.8% | $26.5m | 333,347 | 0% | held |
| 31 | TCO TAUBMAN CTRS INC | 0.7% | $25.8m | 431,094 | -68% | reduced | |
| 32 | LYON WILLIAM HOMES | 0.6% | $21.1m | 1,325,187 | – | new | |
| 33 | MAC MACERICH CO | Real Estate | 0.6% | $20.7m | 375,100 | -26% | reduced |
| 34 | PENNYMAC FINL SVCS INC | 0.4% | $13.1m | 625,000 | 0% | held | |
| 35 | PLAYA HOTELS & RESORTS NV | 0.1% | $4.3m | 451,029 | – | new | |
| 36 | LEN/B LENNAR CORP | 0.1% | $2.9m | 74,258 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.