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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
-17.41%
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
$239M
AUM Growth
-$84.7M
(-26%)
Cap. Flow
-$39.8M
Cap. Flow
% of AUM
-16.61%
Top 10 Holdings %
Top 10 Hldgs %
56.14%
Holding
80
New
14
Increased
8
Reduced
11
Closed
47
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Prologis
PLD
|
+$14.5M |
| 2 |
American Homes 4 Rent
AMH
|
+$14.1M |
| 3 |
Boston Properties
BXP
|
+$13.2M |
| 4 |
Kimco Realty
KIM
|
+$11.9M |
| 5 |
Healthpeak Properties
DOC
|
+$10M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ACC
American Campus Communities, Inc.
ACC
|
+$15.5M |
| 2 |
Rexford Industrial Realty
REXR
|
+$11.6M |
| 3 |
Alexandria Real Estate Equities
ARE
|
+$10.7M |
| 4 |
Digital Realty Trust
DLR
|
+$9.01M |
| 5 |
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
|
+$8.62M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 93.25% |
| 2 | Consumer Discretionary | 6.75% |
| 3 | Healthcare | 0% |
| 4 | Industrials | 0% |
| 5 | Materials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Equity Lifestyle Properties
ELS
$12.8B
| $19M | 7.93% |
269,335
-20,922
| -7% | -$1.56M |
|
2
Ventas
VTR
$47.6B
| $16M | 6.7% |
311,795
+70,168
| +29% | +$3.93M |
|
3
Federal Realty Investment Trust
FRT
$10.8B
| $14.5M | 6.05% |
151,410
+64,524
| +74% | +$7.24M |
|
4
Crown Castle
CCI
$32.6B
| $13.6M | 5.67% |
80,588
+37,762
| +88% | +$6.87M |
|
5
Public Storage
PSA
$58.8B
| $13.3M | 5.57% |
42,650
+12,973
| +44% | +$4.49M |
|
|
6
American Homes 4 Rent
AMH
$11.9B
| $13.2M | 5.53% |
+373,635
| New | +$14.1M |
|
|
7
Prologis
PLD
$135B
| $12.3M | 5.15% |
+104,839
| New | +$14.5M |
|
8
Camden Property Trust
CPT
$11.2B
| $11.6M | 4.85% |
86,373
-24,238
| -22% | -$3.59M |
|
|
9
Boston Properties
BXP
$10.8B
| $10.6M | 4.42% |
+118,960
| New | +$13.2M |
|
|
10
Kimco Realty
KIM
$17.4B
| $10.3M | 4.28% |
+518,827
| New | +$11.9M |
|
|
11
Healthpeak Properties
DOC
$15.2B
| $8.57M | 3.58% |
+330,743
| New | +$10M |
|
12
Regency Centers
REG
$14.9B
| $8.09M | 3.38% |
+136,425
| New | +$9.05M |
|
|
NSA
13
DELISTED
National Storage Affiliates Trust
NSA
| $7.35M | 3.07% |
+146,824
| New | +$8M |
|
14
Host Hotels & Resorts
HST
$16.4B
| $6.81M | 2.84% |
434,031
+119,221
| +38% | +$2.27M |
|
15
Ryman Hospitality Properties
RHP
$8.13B
| $6.58M | 2.75% |
+86,554
| New | +$7.64M |
|
16
Essential Properties Realty Trust
EPRT
$6.94B
| $6.58M | 2.75% |
306,161
+101,419
| +50% | +$2.36M |
|
17
Gaming and Leisure Properties
GLPI
$12.6B
| $6.57M | 2.74% |
+143,156
| New | +$6.54M |
|
18
Marriott International
MAR
$96.1B
| $6.37M | 2.66% |
+46,867
| New | +$7.74M |
|
19
VICI Properties
VICI
$29B
| $6.04M | 2.52% |
202,855
-142,716
| -41% | -$4.21M |
|
20
NNN REIT
NNN
$9.25B
| $5.51M | 2.3% |
+128,130
| New | +$5.64M |
|
21
Wyndham Hotels & Resorts
WH
$5.5B
| $4.78M | 1.99% |
+72,678
| New | +$5.72M |
|
22
Sabra Healthcare REIT
SBRA
$5.56B
| $4.48M | 1.87% |
320,964
-183,668
| -36% | -$2.46M |
|
23
Independence Realty Trust
IRT
$3.87B
| $4.46M | 1.86% |
215,170
+42,351
| +25% | +$1.02M |
|
24
AvalonBay Communities
AVB
$27.3B
| $3.27M | 1.37% |
16,846
-32,341
| -66% | -$7M |
|
25
Sun Communities
SUI
$14.8B
| $3.25M | 1.36% |
20,407
-6,139
| -23% | -$1.03M |
|
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HGI Capital Management's Q2 2022 Portfolio in Review
As of Q2 2022, HGI Capital Management held 80 positions worth $239M, down 26% from $324M the previous quarter. Its ten largest holdings account for 56% of the portfolio.
HGI Capital Management withdrew a net $39.8M in Q2 2022, closing 47 positions and reducing 11 holdings. Its most notable exit was American Campus Communities, Inc., an estimated $15.5M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 93% of assets, up from 78% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, HGI Capital Management opened a new position in Prologis worth $12.3M.
- HGI Capital Management's largest Q2 2022 buy was Prologis: 104,839 shares worth $12.3M.
- HGI Capital Management added most to Federal Realty Investment Trust in Q2 2022, an estimated $7.24M increase.
- HGI Capital Management's biggest Q2 2022 reduction was AvalonBay Communities, cutting an estimated $7M.
- HGI Capital Management fully exited American Campus Communities, Inc. in Q2 2022, selling an estimated $15.5M.
- HGI Capital Management's ten largest holdings make up 56% of its $239M portfolio in Q2 2022.
- HGI Capital Management opened 14 new positions and closed 47 in Q2 2022.
- HGI Capital Management's portfolio value fell 26% quarter-over-quarter to $239M.
Based on HGI Capital Management's 13F filing for Q2 2022, filed 15 Aug 2022.