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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
+2.66%
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
$234M
AUM Growth
+$47.3M
(+25%)
Cap. Flow
+$20.8M
Cap. Flow
% of AUM
8.88%
Top 10 Holdings %
Top 10 Hldgs %
51.91%
Holding
76
New
38
Increased
19
Reduced
6
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AVB
AvalonBay Communities
AVB
|
+$4.43M |
| 2 |
Norwegian Cruise Line
NCLH
|
+$3.52M |
| 3 |
Essential Properties Realty Trust
EPRT
|
+$2.66M |
| 4 |
ACC
American Campus Communities, Inc.
ACC
|
+$2.3M |
| 5 |
Amazon
AMZN
|
+$1.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CubeSmart
CUBE
|
+$3.99M |
| 2 |
Vail Resorts
MTN
|
+$2.58M |
| 3 |
DCT
DCT Industrial Trust Inc.
DCT
|
+$2.12M |
| 4 |
PGRE
Paramount Group
PGRE
|
+$2.1M |
| 5 |
Newmark Group
NMRK
|
+$1.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 60.73% |
| 2 | Real Estate | 25.47% |
| 3 | Financials | 5.57% |
| 4 | Consumer Discretionary | 5.08% |
| 5 | Communication Services | 1.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$814B
| $30M | 12.8% |
110,600
+30,100
| +37% | +$8.13M |
|
2
PUT
iShares US Real Estate ETF
IYR
$4.33B
| $27.8M | 11.86% |
345,000
+122,000
| +55% | +$9.4M |
|
|
VMRK
3
CALL
Vivmark Residential
VMRK
$50.6B
| $14.7M | 6.25% |
230,100
-29,900
| -12% | -$1.86M |
|
|
VMRK
4
Vivmark Residential
VMRK
$50.6B
| $14.2M | 6.05% |
222,527
-23,812
| -10% | -$1.48M |
|
5
CALL
Starbucks
SBUX
$119B
| $6.99M | 2.98% |
+143,000
| New | +$8.12M |
|
|
AVB
6
DELISTED
AvalonBay Communities
AVB
| $6.97M | 2.98% |
40,578
+26,832
| +195% | +$4.43M |
|
|
BRG
7
DELISTED
Bluerock Residential Growth REIT, Inc.
BRG
| $5.61M | 2.39% |
628,638
+1,000
| +0.2% | +$8.89K |
|
|
ACC
8
CALL
DELISTED
American Campus Communities, Inc.
ACC
| $5.57M | 2.38% |
+130,000
| New | +$5.2M |
|
|
ACC
9
DELISTED
American Campus Communities, Inc.
ACC
| $5.05M | 2.16% |
117,888
+57,614
| +96% | +$2.3M |
|
|
DRE
10
DELISTED
Duke Realty Corp.
DRE
| $4.83M | 2.06% |
166,233
| – | – |
|
11
Invitation Homes
INVH
$16.9B
| $4.35M | 1.86% |
188,704
+33,797
| +22% | +$765K |
|
12
PUT
Equinix
EQIX
$102B
| $4.34M | 1.85% |
+10,100
| New | +$4.08M |
|
13
SL Green Realty
SLG
$3.94B
| $4.28M | 1.83% |
44,023
-7,938
| -15% | -$750K |
|
14
JPMorgan Chase
JPM
$953B
| $3.8M | 1.62% |
36,430
+10,561
| +41% | +$1.16M |
|
|
ILPT
15
Industrial Logistics Properties Trust
ILPT
$549M
| $3.72M | 1.59% |
166,591
+57,165
| +52% | +$1.21M |
|
16
PUT
Home Depot
HD
$320B
| $3.67M | 1.57% |
+18,800
| New | +$3.51M |
|
|
17
Equinix
EQIX
$102B
| $3.53M | 1.51% |
8,205
+1,877
| +30% | +$759K |
|
|
18
CALL
Equinix
EQIX
$102B
| $3.52M | 1.5% |
+8,200
| New | +$3.31M |
|
|
AVB
19
CALL
DELISTED
AvalonBay Communities
AVB
| $3.51M | 1.5% |
+20,400
| New | +$3.37M |
|
|
20
Starbucks
SBUX
$119B
| $3.31M | 1.41% |
67,756
+17,042
| +34% | +$967K |
|
21
Boston Properties
BXP
$10.8B
| $3.23M | 1.38% |
25,758
+7,989
| +45% | +$969K |
|
|
22
CALL
Home Depot
HD
$320B
| $3.22M | 1.37% |
16,500
| – | – |
|
23
CALL
Macerich
MAC
$6.59B
| $3.17M | 1.35% |
+55,700
| New | +$3.16M |
|
|
24
Norwegian Cruise Line
NCLH
$7.15B
| $3.16M | 1.35% |
+66,845
| New | +$3.52M |
|
25
Goldman Sachs
GS
$302B
| $3.15M | 1.34% |
14,284
+500
| +4% | +$119K |
|
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HGI Capital Management's Q2 2018 Portfolio in Review
As of Q2 2018, HGI Capital Management held 76 positions worth $234M, up 25% from $187M the previous quarter. Its ten largest holdings account for 52% of the portfolio.
HGI Capital Management deployed $20.8M of net new capital in Q2 2018, opening 38 new positions and adding to 19 existing holdings. Its largest new stake was Norwegian Cruise Line: 66,845 shares worth $3.16M.
By sector, the portfolio is most concentrated in Miscellaneous at 61% of assets, down from 62% a quarter earlier, followed by Real Estate and Financials.
On the sell side, the largest reduction was CubeSmart, an estimated $3.99M trimmed.
- HGI Capital Management's largest Q2 2018 buy was Norwegian Cruise Line: 66,845 shares worth $3.16M.
- HGI Capital Management added most to AvalonBay Communities in Q2 2018, an estimated $4.43M increase.
- HGI Capital Management's biggest Q2 2018 reduction was CubeSmart, cutting an estimated $3.99M.
- HGI Capital Management fully exited Vail Resorts in Q2 2018, selling an estimated $2.58M.
- HGI Capital Management's ten largest holdings make up 52% of its $234M portfolio in Q2 2018.
- HGI Capital Management opened 38 new positions and closed 11 in Q2 2018.
- HGI Capital Management's portfolio value rose 25% quarter-over-quarter to $234M.
Based on HGI Capital Management's 13F filing for Q2 2018, filed 13 Aug 2018.