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Masterton Capital Management, LP 13F holdings, Q4 2025

Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →

Masterton Capital Management, LP disclosed 22 US equity positions worth $143.5m in its Q4 2025 13F filing. The largest position was EQR at 14.8% of the reported book, followed by FRT and PSA. Against the Q3 2025 filing, it opened 4 new positions, added to 4 and reduced 11 among the top 22 holdings.

← Q3 2025 · Q1 2026 →

What did Masterton Capital Management, LP own in Q4 2025? Top 22 positions

#StockSectorWeightValueSharesΔ sharesvs Q3 2025
1 EQR EQUITY RESIDENTIAL Real Estate 14.8%$21.2m336,187 10% added
2 FRT FEDERAL RLTY INVT TR NEW Real Estate 12.2%$17.5m173,546 -29% reduced
3 PSA PUBLIC STORAGE OPER CO Real Estate 9.4%$13.5m51,982 -5% reduced
4 AMH AMERICAN HOMES 4 RENT Real Estate 7.8%$11.3m350,715 -5% reduced
5 INVH INVITATION HOMES INC Real Estate 7.3%$10.5m378,265 -13% reduced
6 PFGC PERFORMANCE FOOD GROUP CO Consumer Defensive 5.7%$8.2m91,587 0% held
7 CHEF CHEFS WHSE INC Consumer Defensive 5.3%$7.6m121,200 73% added
8 KIM KIMCO RLTY CORP Real Estate 4.9%$7.0m343,513 20% added
9 APLE APPLE HOSPITALITY REIT INC Real Estate 4.4%$6.3m531,000 23% added
10 BURL BURLINGTON STORES INC Consumer Cyclical 4.1%$5.9m20,462 -57% reduced
11 SKT TANGER INC Real Estate 3.7%$5.4m160,600 0% held
12 TRNO TERRENO RLTY CORP Real Estate 3.6%$5.2m88,380 -30% reduced
13 BXP BXP INC Real Estate 3.4%$4.9m72,500 0% held
14 EXR EXTRA SPACE STORAGE INC Real Estate 3.1%$4.4m33,850 -39% reduced
15 PLD PROLOGIS INC. Real Estate 2.2%$3.2m25,000 -63% reduced
16 MCD MCDONALDS CORP Consumer Cyclical 1.9%$2.8m9,060 -63% reduced
17 UDR UDR INC Real Estate 1.7%$2.5m68,400 – new
18 TXRH TEXAS ROADHOUSE INC Consumer Cyclical 1.6%$2.3m14,100 – new
19 TREX TREX CO INC Industrials 1.2%$1.7m47,811 -69% reduced
20 ROST ROSS STORES INC Consumer Cyclical 0.7%$1.0m5,632 -80% reduced
21 CHH CHOICE HOTELS INTL INC Consumer Cyclical 0.4%$619.2k6,500 – new
22 WH WYNDHAM HOTELS & RESORTS INC Consumer Cyclical 0.4%$581.8k7,700 – 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.