Long Pond Capital 13F holdings, Q1 2023
Holdings as of March 31, 2023 · filings on SEC EDGAR · latest filing →
Long Pond Capital disclosed 39 US equity positions worth $1.9bn in its Q1 2023 13F filing. The largest position was CPT at 7.9% of the reported book, followed by SPIRIT RLTY CAP INC NEW and JBGS. Against the Q4 2022 filing, it opened 13 new positions, added to 8 and reduced 15 among the top 39 holdings.
What did Long Pond Capital own in Q1 2023? Top 39 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2022 |
|---|---|---|---|---|---|---|---|
| 1 | CPT CAMDEN PPTY TR | Real Estate | 7.9% | $147.2m | 1,404,074 | 48% | added |
| 2 | SPIRIT RLTY CAP INC NEW | 7.4% | $137.9m | 3,462,484 | 50% | added | |
| 3 | JBGS JBG SMITH PPTYS | Real Estate | 6.9% | $129.0m | 8,563,454 | 0% | held |
| 4 | AVBC AVALONBAY CMNTYS INC | Financial Services | 6.3% | $118.0m | 702,039 | -9% | reduced |
| 5 | DOC HEALTHPEAK PROPERTIES INC | Real Estate | 6.3% | $116.9m | 5,320,574 | – | new |
| 6 | MAA MID-AMER APT CMNTYS INC | Real Estate | 5.3% | $99.4m | 658,290 | – | new |
| 7 | SAFE SAFEHOLD INC | 5.1% | $95.7m | 3,259,359 | – | new | |
| 8 | LXP INDUSTRIAL TRUST | 4.9% | $90.4m | 8,763,353 | 5% | added | |
| 9 | AMH AMERICAN HOMES 4 RENT | Real Estate | 4.8% | $90.0m | 2,863,268 | 147% | added |
| 10 | IRT INDEPENDENCE RLTY TR INC | Real Estate | 4.2% | $77.5m | 4,836,496 | -8% | reduced |
| 11 | EQR EQUITY RESIDENTIAL | Real Estate | 3.9% | $73.3m | 1,221,653 | 14% | added |
| 12 | FOR FORESTAR GROUP INC | Real Estate | 3.9% | $72.8m | 4,681,873 | 0% | held |
| 13 | CBRE CBRE GROUP INC | Real Estate | 3.8% | $70.0m | 962,031 | – | new |
| 14 | DHI D R HORTON INC | Consumer Cyclical | 3.1% | $58.4m | 598,153 | -1% | reduced |
| 15 | FMX FOMENTO ECONOMICO MEXICANO S | 2.9% | $54.3m | 570,026 | -13% | reduced | |
| 16 | VAC MARRIOTT VACATIONS WORLDWIDE | Consumer Cyclical | 2.9% | $53.4m | 395,659 | 19% | added |
| 17 | STAG STAG INDL INC | Real Estate | 2.4% | $44.9m | 1,327,839 | -12% | reduced |
| 18 | EPRT ESSENTIAL PPTYS RLTY TR INC | Real Estate | 2.4% | $44.8m | 1,804,763 | 131% | added |
| 19 | VERIS RESIDENTIAL INC | 2.3% | $42.5m | 2,902,553 | – | new | |
| 20 | APARTMENT INVT & MGMT CO | 2.2% | $40.3m | 5,239,975 | -10% | reduced | |
| 21 | FR FIRST INDL RLTY TR INC | Real Estate | 1.9% | $36.0m | 676,889 | 0% | held |
| 22 | MLCO MELCO RESORTS AND ENTMNT LTD | Consumer Cyclical | 1.2% | $23.0m | 1,803,063 | -19% | reduced |
| 23 | MSGS MADISON SQUARE GRDN SPRT COR | Communication Services | 1.0% | $19.2m | 98,673 | -56% | reduced |
| 24 | APARTMENT INCOME REIT CORP | 1.0% | $18.0m | 502,485 | -42% | reduced | |
| 25 | HGV HILTON GRAND VACATIONS INC | Consumer Cyclical | 0.8% | $15.0m | 337,319 | -26% | reduced |
| 26 | LIFE STORAGE INC | 0.8% | $14.5m | 110,537 | -84% | reduced | |
| 27 | BRX BRIXMOR PPTY GROUP INC | Real Estate | 0.8% | $14.1m | 655,647 | – | new |
| 28 | MTH MERITAGE HOMES CORP | Consumer Cyclical | 0.6% | $10.8m | 92,714 | -64% | reduced |
| 29 | SHO SUNSTONE HOTEL INVS INC NEW | Real Estate | 0.5% | $8.9m | 900,192 | -4% | reduced |
| 30 | 6PM PARAMOUNT GROUP INC | 0.4% | $7.8m | 1,707,305 | – | new | |
| 31 | RLJ RLJ LODGING TR | Real Estate | 0.4% | $7.8m | 733,700 | 25% | added |
| 32 | RETAIL OPPORTUNITY INVTS COR | 0.4% | $7.2m | 517,890 | – | new | |
| 33 | INVENTRUST PPTYS CORP | 0.4% | $6.9m | 294,536 | – | new | |
| 34 | FPH FIVE POINT HOLDINGS LLC | Real Estate | 0.4% | $6.8m | 2,883,643 | -8% | reduced |
| 35 | DRH DIAMONDROCK HOSPITALITY CO | Real Estate | 0.2% | $4.3m | 532,266 | – | new |
| 36 | JLL JONES LANG LASALLE INC | Real Estate | 0.1% | $2.3m | 15,476 | – | new |
| 37 | OPEN OPENDOOR TECHNOLOGIES INC | Real Estate | 0.1% | $2.0m | 1,150,000 | – | new |
| 38 | SMRT SMARTRENT INC | 0.1% | $969.0k | 380,000 | -75% | reduced | |
| 39 | DEI DOUGLAS EMMETT INC | Real Estate | 0.0% | $386.3k | 31,330 | – | 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.