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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
+17.51%
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
$190M
AUM Growth
+$73.2M
(+63%)
Cap. Flow
+$54.1M
Cap. Flow
% of AUM
28.44%
Top 10 Holdings %
Top 10 Hldgs %
41.6%
Holding
71
New
24
Increased
17
Reduced
8
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Public Storage
PSA
|
+$7.34M |
| 2 |
Wyndham Hotels & Resorts
WH
|
+$6.85M |
| 3 |
American Homes 4 Rent
AMH
|
+$5.46M |
| 4 |
Camden Property Trust
CPT
|
+$5.36M |
| 5 |
Marriott International
MAR
|
+$3.79M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Extra Space Storage
EXR
|
+$2.79M |
| 2 |
Newmark Group
NMRK
|
+$2.32M |
| 3 |
Equinix
EQIX
|
+$2.27M |
| 4 |
Home Depot
HD
|
+$2.13M |
| 5 |
Equity Residential
EQR
|
+$1.42M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 51.17% |
| 2 | Consumer Discretionary | 12.99% |
| 3 | Financials | 6.32% |
| 4 | Communication Services | 1.4% |
| 5 | Healthcare | 1.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares US Real Estate ETF
IYR
$4.49B
| $12.6M | 6.63% |
145,000
-131,500
| -48% | -$10.9M |
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$777B
| $10.7M | 5.61% |
+37,800
| New | +$10.3M |
|
3
AvalonBay Communities
AVB
$27.3B
| $9.65M | 5.07% |
48,083
+1,240
| +3% | +$237K |
|
|
4
Public Storage
PSA
$58.8B
| $7.64M | 4.02% |
+35,092
| New | +$7.34M |
|
5
Empire State Realty Trust
ESRT
$941M
| $7.28M | 3.83% |
460,835
+211,607
| +85% | +$3.25M |
|
|
6
Wyndham Hotels & Resorts
WH
$5.5B
| $6.77M | 3.56% |
+135,453
| New | +$6.85M |
|
7
Kilroy Realty
KRC
$4.46B
| $6.57M | 3.46% |
86,535
+34,723
| +67% | +$2.49M |
|
|
8
Marriott International
MAR
$96.1B
| $6.31M | 3.32% |
50,436
+32,243
| +177% | +$3.79M |
|
|
ACC
9
DELISTED
American Campus Communities, Inc.
ACC
| $5.96M | 3.13% |
125,256
+45,648
| +57% | +$2.05M |
|
|
10
Camden Property Trust
CPT
$11.2B
| $5.66M | 2.98% |
+55,794
| New | +$5.36M |
|
|
11
American Homes 4 Rent
AMH
$11.9B
| $5.66M | 2.97% |
+249,062
| New | +$5.46M |
|
12
Innovative Industrial Properties
IIPR
$1.78B
| $5.5M | 2.89% |
67,392
-9,446
| -12% | -$639K |
|
|
LPT
13
DELISTED
Liberty Property Trust
LPT
| $5.09M | 2.68% |
105,231
+25,340
| +32% | +$1.18M |
|
|
DRE
14
DELISTED
Duke Realty Corp.
DRE
| $5.02M | 2.64% |
164,147
+60,887
| +59% | +$1.78M |
|
15
Invitation Homes
INVH
$17.5B
| $5.01M | 2.63% |
205,763
+49,447
| +32% | +$1.11M |
|
16
Norwegian Cruise Line
NCLH
$8.59B
| $4.16M | 2.19% |
75,678
+16,491
| +28% | +$850K |
|
17
JPMorgan Chase
JPM
$930B
| $4.15M | 2.18% |
41,039
-13,520
| -25% | -$1.39M |
|
18
CALL
Bank of America
BAC
$430B
| $4.15M | 2.18% |
150,500
+50,500
| +51% | +$1.43M |
|
|
BRG
19
DELISTED
Bluerock Residential Growth REIT, Inc.
BRG
| $3.86M | 2.03% |
357,741
-16,876
| -5% | -$176K |
|
|
20
Bank of America
BAC
$430B
| $3.85M | 2.02% |
139,372
+36,924
| +36% | +$1.04M |
|
|
VRE
21
DELISTED
Veris Residential
VRE
| $3.84M | 2.02% |
+172,825
| New | +$3.61M |
|
|
STOR
22
DELISTED
STORE Capital Corporation
STOR
| $3.37M | 1.77% |
+100,638
| New | +$3.17M |
|
23
W.P. Carey
WPC
$16.7B
| $3.29M | 1.73% |
+42,943
| New | +$3.09M |
|
|
RPAI
24
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $3.29M | 1.73% |
+269,488
| New | +$3.28M |
|
|
HPP
25
Hudson Pacific Properties
HPP
$807M
| $3.28M | 1.73% |
+13,621
| New | +$3.09M |
|
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HGI Capital Management's Q1 2019 Portfolio in Review
As of Q1 2019, HGI Capital Management held 71 positions worth $190M, up 63% from $117M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
HGI Capital Management deployed $54.1M of net new capital in Q1 2019, opening 24 new positions and adding to 17 existing holdings. Its largest new stake was Public Storage: 35,092 shares worth $7.64M.
By sector, the portfolio is most concentrated in Real Estate at 51% of assets, up from 35% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Equinix, an estimated $2.27M trimmed.
- HGI Capital Management's largest Q1 2019 buy was Public Storage: 35,092 shares worth $7.64M.
- HGI Capital Management added most to Marriott International in Q1 2019, an estimated $3.79M increase.
- HGI Capital Management's biggest Q1 2019 reduction was Equinix, cutting an estimated $2.27M.
- HGI Capital Management fully exited Extra Space Storage in Q1 2019, selling an estimated $2.79M.
- HGI Capital Management's ten largest holdings make up 42% of its $190M portfolio in Q1 2019.
- HGI Capital Management opened 24 new positions and closed 13 in Q1 2019.
- HGI Capital Management's portfolio value rose 63% quarter-over-quarter to $190M.
Based on HGI Capital Management's 13F filing for Q1 2019, filed 10 May 2019.