HGI Capital Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Equity Residential
EQR
|
+$8.94M |
| 2 |
Royal Caribbean
RCL
|
+$6.27M |
| 3 |
VICI Properties
VICI
|
+$6.22M |
| 4 |
AIV
Aimco
AIV
|
+$4.11M |
| 5 |
LSI
Life Storage, Inc.
LSI
|
+$4.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Camden Property Trust
CPT
|
+$9.21M |
| 2 |
ACC
American Campus Communities, Inc.
ACC
|
+$8.96M |
| 3 |
Norwegian Cruise Line
NCLH
|
+$7.39M |
| 4 |
Invitation Homes
INVH
|
+$6.06M |
| 5 |
AvalonBay Communities
AVB
|
+$5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 59.41% |
| 2 | Consumer Discretionary | 12.19% |
| 3 | Financials | 6.27% |
| 4 | Communication Services | 2.42% |
| 5 | Technology | 0.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
W.P. Carey
WPC
$16.9B
| – | – |
-56,157
| Closed | -$4.46M |
|
|
TCO
77
DELISTED
Taubman Centers Inc.
TCO
| – | – |
-16,246
| Closed | -$663K |
|
|
SMTA
78
DELISTED
Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
| – | – |
-171,443
| Closed | -$1.43M |
|
Similar funds
HGI Capital Management's Q3 2019 Portfolio in Review
As of Q3 2019, HGI Capital Management held 78 positions worth $182M, down 17% from $220M the previous quarter. Its ten largest holdings account for 45% of the portfolio.
HGI Capital Management withdrew a net $41.2M in Q3 2019, closing 18 positions and reducing 14 holdings. Its most notable exit was Camden Property Trust, an estimated $9.21M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 59% of assets, up from 53% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, HGI Capital Management opened a new position in Equity Residential worth $9.43M.
- HGI Capital Management's largest Q3 2019 buy was Equity Residential: 109,264 shares worth $9.43M.
- HGI Capital Management added most to VICI Properties in Q3 2019, an estimated $6.22M increase.
- HGI Capital Management's biggest Q3 2019 reduction was American Campus Communities, Inc., cutting an estimated $8.96M.
- HGI Capital Management fully exited Camden Property Trust in Q3 2019, selling an estimated $9.21M.
- HGI Capital Management's ten largest holdings make up 45% of its $182M portfolio in Q3 2019.
- HGI Capital Management opened 11 new positions and closed 18 in Q3 2019.
- HGI Capital Management's portfolio value fell 17% quarter-over-quarter to $182M.
Based on HGI Capital Management's 13F filing for Q3 2019, filed 5 Nov 2019.