We are live on
!
Find out more
HCM
HGI Capital Management Portfolio holdings
AUM
$36.4M
1-Year Est. Return
4.49%
This Fund
S&P 500
This Quarter
Est. Return
+2.94%
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
$151M
AUM Growth
-$199M
(-57%)
Cap. Flow
-$203M
Cap. Flow
% of AUM
-134.3%
Top 10 Holdings %
Top 10 Hldgs %
62.29%
Holding
40
New
9
Increased
1
Reduced
16
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Prologis
PLD
|
+$13.6M |
| 2 |
Equinix
EQIX
|
+$9.25M |
| 3 |
NSA
National Storage Affiliates Trust
NSA
|
+$7M |
| 4 |
Invitation Homes
INVH
|
+$6.52M |
| 5 |
SBA Communications
SBAC
|
+$4.74M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Healthpeak Properties
DOC
|
+$22.6M |
| 2 |
LSI
Life Storage, Inc.
LSI
|
+$15.6M |
| 3 |
Boston Properties
BXP
|
+$15.4M |
| 4 |
Digital Realty Trust
DLR
|
+$15.3M |
| 5 |
VICI Properties
VICI
|
+$14.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 94.3% |
| 2 | Consumer Discretionary | 2.31% |
| 3 | Communication Services | 1.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Cousins Properties
CUZ
$5.17B
| $1.82M | 1.2% |
+84,971
| New | +$2.07M |
|
27
Mid-America Apartment Communities
MAA
$15.5B
| $1.57M | 1.04% |
10,401
| – | – |
|
28
Apple Hospitality REIT
APLE
$3.91B
| – | – |
-570,506
| Closed | -$9M |
|
|
29
Boston Properties
BXP
$11.2B
| – | – |
-228,328
| Closed | -$15.4M |
|
|
30
Healthpeak Properties
DOC
$14.9B
| – | – |
-902,763
| Closed | -$22.6M |
|
31
Essential Properties Realty Trust
EPRT
$6.74B
| – | – |
-417,703
| Closed | -$9.8M |
|
32
Kilroy Realty
KRC
$4.54B
| – | – |
-337,956
| Closed | -$13.1M |
|
33
Kite Realty
KRG
$5.69B
| – | – |
-503,125
| Closed | -$10.6M |
|
34
Newmark Group
NMRK
$2.72B
| – | – |
-88,593
| Closed | -$706K |
|
35
NNN REIT
NNN
$9.03B
| – | – |
-205,437
| Closed | -$9.4M |
|
36
Public Storage
PSA
$60.9B
| – | – |
-24,858
| Closed | -$6.96M |
|
37
SL Green Realty
SLG
$3.85B
| – | – |
-258,489
| Closed | -$8.72M |
|
38
STAG Industrial
STAG
$7.44B
| – | – |
-106,310
| Closed | -$3.43M |
|
39
Ventas
VTR
$46.6B
| – | – |
-302,665
| Closed | -$13.6M |
|
|
LSI
40
DELISTED
Life Storage, Inc.
LSI
| – | – |
-158,090
| Closed | -$15.6M |
|
Similar funds
PI
OC
AM
AECF
BCA
VM
CC
TCM
HGI Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, HGI Capital Management held 40 positions worth $151M, down 57% from $350M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
HGI Capital Management withdrew a net $203M in Q1 2023, closing 13 positions and reducing 16 holdings. Its most notable exit was Healthpeak Properties, an estimated $22.6M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 94% of assets, down from 97% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, HGI Capital Management opened a new position in Prologis worth $13.8M.
- HGI Capital Management's largest Q1 2023 buy was Prologis: 110,540 shares worth $13.8M.
- HGI Capital Management added most to Equity Residential in Q1 2023, an estimated $1.18M increase.
- HGI Capital Management's biggest Q1 2023 reduction was Digital Realty Trust, cutting an estimated $15.3M.
- HGI Capital Management fully exited Healthpeak Properties in Q1 2023, selling an estimated $22.6M.
- HGI Capital Management's ten largest holdings make up 62% of its $151M portfolio in Q1 2023.
- HGI Capital Management opened 9 new positions and closed 13 in Q1 2023.
- HGI Capital Management's portfolio value fell 57% quarter-over-quarter to $151M.
Based on HGI Capital Management's 13F filing for Q1 2023, filed 15 May 2023.