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LBIM
Land & Buildings Investment Management Portfolio holdings
AUM
$591M
1-Year Est. Return
10.19%
This Fund
S&P 500
This Quarter
Est. Return
-0.78%
1 Year Est. Return
+10.19%
3 Year Est. Return
+42.74%
5 Year Est. Return
+59.01%
10 Year Est. Return
+203.53%
AUM
$220M
AUM Growth
-$93.4M
(-30%)
Cap. Flow
-$90.2M
Cap. Flow
% of AUM
-40.93%
Top 10 Holdings %
Top 10 Hldgs %
81.95%
Holding
23
New
5
Increased
6
Reduced
4
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FCH
Felcor Lodging Trust
FCH
|
+$17.2M |
| 2 |
Simon Property Group
SPG
|
+$12.3M |
| 3 |
DigitalBridge
DBRG
|
+$8.41M |
| 4 |
SL Green Realty
SLG
|
+$7.59M |
| 5 |
Jones Lang LaSalle
JLL
|
+$7.21M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ARPI
AMERICAN RESIDENTIAL PPTYS INC COM
ARPI
|
+$44.7M |
| 2 |
NYRT
New York REIT, Inc.
NYRT
|
+$17.3M |
| 3 |
COPT Defense Properties
CDP
|
+$9.65M |
| 4 |
NRE
NorthStar Realty Europe Corp.
NRE
|
+$7.8M |
| 5 |
Lennar Class A
LEN
|
+$6.94M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 62.12% |
| 2 | Consumer Discretionary | 29.89% |
| 3 | Financials | 4.83% |
| 4 | Communication Services | 3.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FCH
1
DELISTED
Felcor Lodging Trust
FCH
| $44.2M | 20.04% |
5,441,369
+2,404,588
| +79% | +$17.2M |
|
2
MGM Resorts International
MGM
$11.2B
| $39.5M | 17.94% |
1,844,700
| – | – |
|
|
VRE
3
DELISTED
Veris Residential
VRE
| $20.4M | 9.23% |
866,300
+48,400
| +6% | +$1.01M |
|
|
4
Simon Property Group
SPG
$72.3B
| $13.3M | 6.04% |
+64,113
| New | +$12.3M |
|
|
QTS
5
DELISTED
QTS REALTY TRUST, INC.
QTS
| $13M | 5.91% |
275,030
+32,535
| +13% | +$1.45M |
|
6
Boyd Gaming
BYD
$6.06B
| $12.3M | 5.59% |
596,950
-102,163
| -15% | -$1.81M |
|
|
7
Jones Lang LaSalle
JLL
$16.7B
| $12.3M | 5.59% |
105,101
+59,480
| +130% | +$7.21M |
|
|
8
DigitalBridge
DBRG
$2.95B
| $10.6M | 4.83% |
234,464
+190,399
| +432% | +$8.41M |
|
|
9
SL Green Realty
SLG
$3.99B
| $7.79M | 3.53% |
+83,045
| New | +$7.59M |
|
10
CBRE Group
CBRE
$42.9B
| $7.12M | 3.23% |
247,183
+58,183
| +31% | +$1.6M |
|
11
Hilton Worldwide
HLT
$71.5B
| $7.06M | 3.2% |
+104,500
| New | +$6.21M |
|
|
INXN
12
DELISTED
Interxion Holding N.V.
INXN
| $6.97M | 3.16% |
+201,700
| New | +$6.27M |
|
13
D.R. Horton
DHI
$42.3B
| $6.95M | 3.15% |
229,848
-126,952
| -36% | -$3.49M |
|
|
GGP
14
DELISTED
GGP Inc.
GGP
| $6.72M | 3.05% |
+226,190
| New | +$6.22M |
|
|
FPO
15
DELISTED
First Potomac Realty Trust
FPO
| $6.4M | 2.9% |
706,311
-631,389
| -47% | -$5.81M |
|
|
NYRT
16
DELISTED
New York REIT, Inc.
NYRT
| $5.68M | 2.58% |
56,235
-171,837
| -75% | -$17.3M |
|
|
17
COPT Defense Properties
CDP
$4.21B
| – | – |
-442,000
| Closed | -$9.65M |
|
18
Diamondrock Hospitality Co
DRH
$2.56B
| – | – |
-615,300
| Closed | -$5.94M |
|
19
Essex Property Trust
ESS
$18.5B
| – | – |
-15,569
| Closed | -$3.73M |
|
|
20
Lennar Class A
LEN
$21.2B
| – | – |
-149,285
| Closed | -$6.94M |
|
|
21
CALL
MGM Resorts International
MGM
$11.2B
| – | – |
-2,578,500
| Closed | -$58.6M |
|
|
NRE
22
DELISTED
NorthStar Realty Europe Corp.
NRE
| – | – |
-660,537
| Closed | -$7.8M |
|
|
ARPI
23
DELISTED
AMERICAN RESIDENTIAL PPTYS INC COM
ARPI
| – | – |
-2,378,149
| Closed | -$44.7M |
|
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EGWAG
Land & Buildings Investment Management's Q1 2016 Portfolio in Review
As of Q1 2016, Land & Buildings Investment Management held 23 positions worth $220M, down 30% from $314M the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Land & Buildings Investment Management withdrew a net $90.2M in Q1 2016, closing 7 positions and reducing 4 holdings. Its most notable exit was AMERICAN RESIDENTIAL PPTYS INC COM, an estimated $44.7M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 62% of assets, up from 55% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Land & Buildings Investment Management opened a new position in Simon Property Group worth $13.3M.
- Land & Buildings Investment Management's largest Q1 2016 buy was Simon Property Group: 64,113 shares worth $13.3M.
- Land & Buildings Investment Management added most to Felcor Lodging Trust in Q1 2016, an estimated $17.2M increase.
- Land & Buildings Investment Management's biggest Q1 2016 reduction was New York REIT, Inc., cutting an estimated $17.3M.
- Land & Buildings Investment Management fully exited AMERICAN RESIDENTIAL PPTYS INC COM in Q1 2016, selling an estimated $44.7M.
- Land & Buildings Investment Management's ten largest holdings make up 82% of its $220M portfolio in Q1 2016.
- Land & Buildings Investment Management opened 5 new positions and closed 7 in Q1 2016.
- Land & Buildings Investment Management's portfolio value fell 30% quarter-over-quarter to $220M.
Based on Land & Buildings Investment Management's 13F filing for Q1 2016, filed 16 May 2016.