We are live on ! Find out more
HCM

HGI Capital Management Portfolio holdings

AUM $36.4M
1-Year Est. Return 4.49%
This Fund
S&P 500
This Quarter Est. Return
-5.36%
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
$88M
AUM Growth
-$120M
Cap. Flow
-$115M
Cap. Flow %
-131.25%
Top 10 Hldgs %
51.22%
Holding
57
New
19
Increased
2
Reduced
20
Closed
16

Top Buys

Rank Stock Value
1
IVT icon
InvenTrust Properties
IVT
+$4.76M
2
VTR icon
Ventas
VTR
+$3.94M
3
SITC icon
SITE Centers
SITC
+$3.45M
4
CBRE icon
CBRE Group
CBRE
+$2.73M
5
NMRK icon
Newmark Group
NMRK
+$2.35M

Top Sells

Rank Stock Value
1
KIM icon
Kimco Realty
KIM
+$11.1M
2
PSA icon
Public Storage
PSA
+$10.7M
3
REG icon
Regency Centers
REG
+$10.6M
4
EQR icon
Equity Residential
EQR
+$8.78M
5
OHI icon
Omega Healthcare
OHI
+$7.97M

Sector Composition

Rank Sector Weight
1 Real Estate 94.93%
2 Communication Services 4.06%
3 Financials 0.78%
4 Consumer Discretionary 0.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMH icon
1
American Homes 4 Rent
AMH
$11.9B
$5.82M 6.62%
172,813
-118,981
-41% -$4.27M
VICI icon
2
VICI Properties
VICI
$29B
$5.12M 5.82%
175,780
-92,112
-34% -$2.86M
INVH icon
3
Invitation Homes
INVH
$17.5B
$4.95M 5.63%
156,160
-174,967
-53% -$6.01M
IVT icon
4
InvenTrust Properties
IVT
$2.79B
$4.71M 5.35%
+197,781
New +$4.76M
PLD icon
5
Prologis
PLD
$135B
$4.56M 5.18%
40,637
-1,564
-4% -$191K
OHI icon
6
Omega Healthcare
OHI
$15.2B
$4.48M 5.1%
135,149
-249,579
-65% -$7.97M
EQR icon
7
Equity Residential
EQR
$25.6B
$4.14M 4.71%
70,573
-135,887
-66% -$8.78M
BRX icon
8
Brixmor Property Group
BRX
$9.81B
$4.01M 4.56%
192,845
-109,490
-36% -$2.43M
VTR icon
9
Ventas
VTR
$47.6B
$3.69M 4.19%
+87,543
New +$3.94M
SIX
10
DELISTED
Six Flags Entertainment Corp.
SIX
$3.57M 4.06%
152,062
+76,822
+102% +$1.82M
SBRA icon
11
Sabra Healthcare REIT
SBRA
$5.56B
$3.39M 3.85%
243,195
-157,066
-39% -$2.01M
UDR icon
12
UDR
UDR
$12.8B
$3.34M 3.79%
93,567
-49,511
-35% -$1.97M
EPRT icon
13
Essential Properties Realty Trust
EPRT
$6.94B
$3.27M 3.72%
151,374
+19,160
+14% +$457K
SITC icon
14
SITE Centers
SITC
$224M
$3.15M 3.58%
+327,617
New +$3.45M
DOC icon
15
Healthpeak Properties
DOC
$15.2B
$3.02M 3.44%
164,659
-32,711
-17% -$672K
DLR icon
16
Digital Realty Trust
DLR
$66.4B
$2.98M 3.39%
24,657
-25,291
-51% -$3.11M
EQIX icon
17
Equinix
EQIX
$102B
$2.93M 3.33%
4,035
-1,670
-29% -$1.29M
CBRE icon
18
CBRE Group
CBRE
$39.7B
$2.43M 2.76%
+32,911
New +$2.73M
NMRK icon
19
Newmark Group
NMRK
$2.67B
$2.18M 2.48%
+339,607
New +$2.35M
FR icon
20
First Industrial Realty Trust
FR
$8.79B
$2.01M 2.29%
42,289
-29,126
-41% -$1.5M
REXR icon
21
Rexford Industrial Realty
REXR
$8.12B
$1.98M 2.25%
+40,169
New +$2.12M
AVB icon
22
AvalonBay Communities
AVB
$27.3B
$1.65M 1.88%
9,614
-37,718
-80% -$6.97M
SRC
23
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$1.59M 1.81%
+47,550
New +$1.83M
WY icon
24
Weyerhaeuser
WY
$17B
$892K 1.01%
29,090
-83,613
-74% -$2.75M
AIRC
25
DELISTED
Apartment Income REIT Corp.
AIRC
$880K 1%
+28,672
New +$973K
1
2 3

Similar funds

PI
Pelion Inc Salt Lake City, Utah $36.3M AUM 3.33% 1-Year Est. Return
OC
ORIX Corp Tokyo, Japan $36.6M AUM 25.1% 1-Year Est. Return
AM
Arkhouse Management New York $36.7M AUM
AECF
Annie E. Casey Foundation Baltimore, Maryland $35.2M AUM 35.05% 1-Year Est. Return
BCA
Burren Capital Advisors Gibraltar $33M AUM 47.67% 1-Year Est. Return
VM
Valinor Management New York $32.2M AUM 44.16% 1-Year Est. Return
CC
Corton Capital Carrying Place, Ontario, Canada $40.7M AUM 52.32% 1-Year Est. Return
TCM
Tybourne Capital Management Hong Kong $30.9M AUM 20.1% 1-Year Est. Return

HGI Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, HGI Capital Management held 57 positions worth $88M, down 58% from $208M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

HGI Capital Management withdrew a net $115M in Q3 2023, closing 16 positions and reducing 20 holdings. Its most notable exit was Kimco Realty, an estimated $11.1M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 95% of assets, down from 98% a quarter earlier, followed by Communication Services and Financials.

Against the trend, HGI Capital Management opened a new position in InvenTrust Properties worth $4.71M.

  • HGI Capital Management's largest Q3 2023 buy was InvenTrust Properties: 197,781 shares worth $4.71M.
  • HGI Capital Management added most to Six Flags Entertainment Corp. in Q3 2023, an estimated $1.82M increase.
  • HGI Capital Management's biggest Q3 2023 reduction was Equity Residential, cutting an estimated $8.78M.
  • HGI Capital Management fully exited Kimco Realty in Q3 2023, selling an estimated $11.1M.
  • HGI Capital Management's ten largest holdings make up 51% of its $88M portfolio in Q3 2023.
  • HGI Capital Management opened 19 new positions and closed 16 in Q3 2023.
  • HGI Capital Management's portfolio value fell 58% quarter-over-quarter to $88M.

Based on HGI Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.