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HCM

HGI Capital Management Portfolio holdings

AUM $36.4M
1-Year Est. Return 4.49%
This Fund
S&P 500
This Quarter Est. Return
+0.25%
1 Year Est. Return
-4.49%
3 Year Est. Return
+47.03%
5 Year Est. Return
+59.56%
10 Year Est. Return
+131.02%
AUM
$157M
AUM Growth
+$52.3M
Cap. Flow
+$48.2M
Cap. Flow %
30.68%
Top 10 Hldgs %
56.78%
Holding
41
New
14
Increased
8
Reduced
6
Closed
8

Top Buys

Rank Stock Value
1
AMH icon
American Homes 4 Rent
AMH
+$3.62M
2
SLG icon
SL Green Realty
SLG
+$2.77M
3
STAY
Extended Stay America, Inc. Paired Share Unit
STAY
+$2.39M
4
DRE
Duke Realty Corp.
DRE
+$2.32M
5
DCT
DCT Industrial Trust Inc.
DCT
+$2.22M

Top Sells

Rank Stock Value
1
BXP icon
Boston Properties
BXP
+$4.26M
2
SFR
Starwood Waypoint Homes
SFR
+$3.72M
3
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
+$3.18M
4
CUBE icon
CubeSmart
CUBE
+$2.63M
5
CHSP
Chesapeake Lodging Trust
CHSP
+$2.32M

Sector Composition

Rank Sector Weight
1 Real Estate 37.76%
2 Consumer Discretionary 1.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STAY
26
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
$2.43M 1.55%
+127,961
New +$2.39M
XLF icon
27
PUT
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$2.23M 1.42%
80,000
– –
DRE
28
DELISTED
Duke Realty Corp.
DRE
$2.22M 1.41%
+81,479
New +$2.32M
DCT
29
DELISTED
DCT Industrial Trust Inc.
DCT
$2.21M 1.4%
+37,552
New +$2.22M
PDM
30
Piedmont Realty Trust
PDM
$1.22B
$2.14M 1.36%
+109,156
New +$2.17M
INVH icon
31
Invitation Homes
INVH
$17.7B
$1.91M 1.22%
+81,139
New +$1.88M
SITC icon
32
SITE Centers
SITC
$230M
$1.86M 1.18%
160,889
-10,319
-6% -$110K
NMRK icon
33
Newmark Group
NMRK
$2.73B
$1.66M 1.05%
+104,286
New +$1.6M
ACRE
34
Ares Commercial Real Estate
ACRE
$252M
– –
-54,487
Closed -$725K
BXP icon
35
Boston Properties
BXP
$11B
– –
-33,992
Closed -$4.26M
JPM icon
36
PUT
JPMorgan Chase
JPM
$939B
– –
-22,500
Closed -$2.15M
SPG icon
37
PUT
Simon Property Group
SPG
$74.5B
– –
-11,300
Closed -$1.82M
TRTX
38
TPG RE Finance Trust
TRTX
$666M
– –
-23,200
Closed -$459K
SRC
39
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
– –
-82,756
Closed -$3.18M
CHSP
40
DELISTED
Chesapeake Lodging Trust
CHSP
– –
-85,891
Closed -$2.32M
SFR
41
DELISTED
Starwood Waypoint Homes
SFR
– –
-102,213
Closed -$3.72M
1
2

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HGI Capital Management's Q4 2017 Portfolio in Review

As of Q4 2017, HGI Capital Management held 41 positions worth $157M, up 50% from $105M the previous quarter. Its ten largest holdings account for 57% of the portfolio.

HGI Capital Management deployed $48.2M of net new capital in Q4 2017, opening 14 new positions and adding to 8 existing holdings. Its largest new stake was American Homes 4 Rent: 166,699 shares worth $3.64M.

By sector, the portfolio is most concentrated in Real Estate at 38% of assets, down from 55% a quarter earlier, followed by Consumer Discretionary.

On the sell side, the largest reduction was CubeSmart, an estimated $2.63M trimmed.

  • HGI Capital Management's largest Q4 2017 buy was American Homes 4 Rent: 166,699 shares worth $3.64M.
  • HGI Capital Management added most to SL Green Realty in Q4 2017, an estimated $2.77M increase.
  • HGI Capital Management's biggest Q4 2017 reduction was CubeSmart, cutting an estimated $2.63M.
  • HGI Capital Management fully exited Boston Properties in Q4 2017, selling an estimated $4.26M.
  • HGI Capital Management's ten largest holdings make up 57% of its $157M portfolio in Q4 2017.
  • HGI Capital Management opened 14 new positions and closed 8 in Q4 2017.
  • HGI Capital Management's portfolio value rose 50% quarter-over-quarter to $157M.

Based on HGI Capital Management's 13F filing for Q4 2017, filed 13 Feb 2018.