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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
-0.57%
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
$248M
AUM Growth
-$39.3M
(-14%)
Cap. Flow
-$35.2M
Cap. Flow
% of AUM
-14.2%
Top 10 Holdings %
Top 10 Hldgs %
43.74%
Holding
87
New
15
Increased
21
Reduced
26
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kilroy Realty
KRC
|
+$7.99M |
| 2 |
Airbnb
ABNB
|
+$7.74M |
| 3 |
ACC
American Campus Communities, Inc.
ACC
|
+$6.06M |
| 4 |
Digital Realty Trust
DLR
|
+$6.04M |
| 5 |
Host Hotels & Resorts
HST
|
+$5.89M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Empire State Realty Trust
ESRT
|
+$6.22M |
| 2 |
Invitation Homes
INVH
|
+$5.54M |
| 3 |
West Fraser Timber
WFG
|
+$5.52M |
| 4 |
Agree Realty
ADC
|
+$5.29M |
| 5 |
Regency Centers
REG
|
+$4.84M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 68.65% |
| 2 | Consumer Discretionary | 15.15% |
| 3 | Communication Services | 6.15% |
| 4 | Financials | 2.28% |
| 5 | Technology | 2.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Equity Lifestyle Properties
ELS
$12.9B
| $19.9M | 8.01% |
254,184
-7,295
| -3% | -$598K |
|
|
MGP
2
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $13.5M | 5.44% |
352,098
-16,307
| -4% | -$639K |
|
3
Camden Property Trust
CPT
$11.2B
| $11.5M | 4.65% |
78,124
-20,940
| -21% | -$3.07M |
|
|
4
Host Hotels & Resorts
HST
$16.7B
| $11M | 4.45% |
675,983
+363,226
| +116% | +$5.89M |
|
|
5
Kilroy Realty
KRC
$4.5B
| $10.6M | 4.28% |
160,067
+118,541
| +285% | +$7.99M |
|
|
ACC
6
DELISTED
American Campus Communities, Inc.
ACC
| $10.6M | 4.26% |
218,098
+122,086
| +127% | +$6.06M |
|
|
7
Airbnb
ABNB
$82.5B
| $9.51M | 3.84% |
56,704
+50,649
| +836% | +$7.74M |
|
8
Ventas
VTR
$48.4B
| $8.02M | 3.24% |
145,255
-57,275
| -28% | -$3.28M |
|
9
Walt Disney
DIS
$164B
| $7.14M | 2.88% |
42,222
-5,474
| -11% | -$976K |
|
10
AvalonBay Communities
AVB
$27.3B
| $6.66M | 2.69% |
30,066
-11,790
| -28% | -$2.65M |
|
11
Amazon
AMZN
$2.5T
| $5.78M | 2.33% |
35,200
-540
| -2% | -$93.1K |
|
|
12
Digital Realty Trust
DLR
$75.1B
| $5.56M | 2.24% |
+38,475
| New | +$6.04M |
|
13
NNN REIT
NNN
$9.31B
| $5.52M | 2.23% |
127,752
-1,733
| -1% | -$81.5K |
|
14
Planet Fitness
PLNT
$4.28B
| $5.16M | 2.08% |
65,656
+19,665
| +43% | +$1.49M |
|
|
AIRC
15
DELISTED
Apartment Income REIT Corp.
AIRC
| $4.9M | 1.98% |
100,431
+3,550
| +4% | +$179K |
|
16
Newmark Group
NMRK
$2.7B
| $4.78M | 1.93% |
333,857
+12,079
| +4% | +$156K |
|
17
Public Storage
PSA
$59.5B
| $4.74M | 1.91% |
15,945
-1,175
| -7% | -$369K |
|
18
First Industrial Realty Trust
FR
$8.83B
| $4.65M | 1.88% |
+89,319
| New | +$4.86M |
|
19
Rexford Industrial Realty
REXR
$8.49B
| $4.56M | 1.84% |
80,311
+37,609
| +88% | +$2.27M |
|
20
Healthpeak Properties
DOC
$15.3B
| $4.51M | 1.82% |
+134,723
| New | +$4.77M |
|
21
W.P. Carey
WPC
$16.9B
| $4.51M | 1.82% |
+62,996
| New | +$4.8M |
|
22
Vornado Realty Trust
VNO
$7.4B
| $4.28M | 1.73% |
101,840
-99,046
| -49% | -$4.27M |
|
|
SRC
23
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $4.16M | 1.68% |
90,244
-68,152
| -43% | -$3.39M |
|
24
Alibaba
BABA
$270B
| $3.7M | 1.49% |
24,971
+4,017
| +19% | +$731K |
|
25
Cousins Properties
CUZ
$5.23B
| $3.62M | 1.46% |
+97,181
| New | +$3.74M |
|
Similar funds
PI
OC
AM
AECF
BCA
VM
CC
TCM
HGI Capital Management's Q3 2021 Portfolio in Review
As of Q3 2021, HGI Capital Management held 87 positions worth $248M, down 14% from $287M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
HGI Capital Management withdrew a net $35.2M in Q3 2021, closing 23 positions and reducing 26 holdings. Its most notable exit was Empire State Realty Trust, an estimated $6.22M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 69% of assets, up from 63% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, HGI Capital Management opened a new position in Digital Realty Trust worth $5.56M.
- HGI Capital Management's largest Q3 2021 buy was Digital Realty Trust: 38,475 shares worth $5.56M.
- HGI Capital Management added most to Kilroy Realty in Q3 2021, an estimated $7.99M increase.
- HGI Capital Management's biggest Q3 2021 reduction was Vornado Realty Trust, cutting an estimated $4.27M.
- HGI Capital Management fully exited Empire State Realty Trust in Q3 2021, selling an estimated $6.22M.
- HGI Capital Management's ten largest holdings make up 44% of its $248M portfolio in Q3 2021.
- HGI Capital Management opened 15 new positions and closed 23 in Q3 2021.
- HGI Capital Management's portfolio value fell 14% quarter-over-quarter to $248M.
Based on HGI Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.