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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
-5.36%
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
$88M
AUM Growth
-$120M
Cap. Flow
-$115M
Cap. Flow %
-131.25%
Top 10 Hldgs %
51.22%
Holding
57
New
19
Increased
2
Reduced
20
Closed
16

Top Buys

Rank Stock Value
1
IVT icon
InvenTrust Properties
IVT
+$4.76M
2
VTR icon
Ventas
VTR
+$3.94M
3
SITC icon
SITE Centers
SITC
+$3.45M
4
CBRE icon
CBRE Group
CBRE
+$2.73M
5
NMRK icon
Newmark Group
NMRK
+$2.35M

Top Sells

Rank Stock Value
1
KIM icon
Kimco Realty
KIM
+$11.1M
2
PSA icon
Public Storage
PSA
+$10.7M
3
REG icon
Regency Centers
REG
+$10.6M
4
EQR icon
Equity Residential
EQR
+$8.78M
5
OHI icon
Omega Healthcare
OHI
+$7.97M

Sector Composition

Rank Sector Weight
1 Real Estate 94.93%
2 Communication Services 4.06%
3 Financials 0.78%
4 Consumer Discretionary 0.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LAMR icon
51
Lamar Advertising Co
LAMR
$16.1B
– –
-54,467
Closed -$5.41M
PDM
52
Piedmont Realty Trust
PDM
$1.22B
– –
-153,565
Closed -$1.12M
PSA icon
53
Public Storage
PSA
$60.7B
– –
-36,824
Closed -$10.7M
REG icon
54
Regency Centers
REG
$14.6B
– –
-171,986
Closed -$10.6M
RHP icon
55
Ryman Hospitality Properties
RHP
$8.32B
– –
-55,940
Closed -$5.2M
STWD icon
56
Starwood Property Trust
STWD
$5.96B
– –
-200,994
Closed -$3.9M
WELL icon
57
Welltower
WELL
$164B
– –
-52,541
Closed -$4.25M
1 2
3

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AM
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AECF
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BCA
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VM
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CC
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HGI Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, HGI Capital Management held 57 positions worth $88M, down 58% from $208M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

HGI Capital Management withdrew a net $115M in Q3 2023, closing 16 positions and reducing 20 holdings. Its most notable exit was Kimco Realty, an estimated $11.1M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 95% of assets, down from 98% a quarter earlier, followed by Communication Services and Financials.

Against the trend, HGI Capital Management opened a new position in InvenTrust Properties worth $4.71M.

  • HGI Capital Management's largest Q3 2023 buy was InvenTrust Properties: 197,781 shares worth $4.71M.
  • HGI Capital Management added most to Six Flags Entertainment Corp. in Q3 2023, an estimated $1.82M increase.
  • HGI Capital Management's biggest Q3 2023 reduction was Equity Residential, cutting an estimated $8.78M.
  • HGI Capital Management fully exited Kimco Realty in Q3 2023, selling an estimated $11.1M.
  • HGI Capital Management's ten largest holdings make up 51% of its $88M portfolio in Q3 2023.
  • HGI Capital Management opened 19 new positions and closed 16 in Q3 2023.
  • HGI Capital Management's portfolio value fell 58% quarter-over-quarter to $88M.

Based on HGI Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.