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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
+11.66%
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
$456M
AUM Growth
-$121M
(-21%)
Cap. Flow
-$161M
Cap. Flow
% of AUM
-35.34%
Top 10 Holdings %
Top 10 Hldgs %
73.12%
Holding
27
New
5
Increased
–
Reduced
14
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AIRC
Apartment Income REIT Corp.
AIRC
|
+$53.3M |
| 2 |
Public Storage
PSA
|
+$42.6M |
| 3 |
Hilton Grand Vacations
HGV
|
+$10.9M |
| 4 |
MNR
Monmouth Real Estate Investment Corp
MNR
|
+$10.4M |
| 5 |
Camden Property Trust
CPT
|
+$7.85M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AIV
Aimco
AIV
|
+$69.7M |
| 2 |
Americold
COLD
|
+$30M |
| 3 |
Crown Castle
CCI
|
+$26.2M |
| 4 |
QTS
QTS REALTY TRUST, INC.
QTS
|
+$24.3M |
| 5 |
Invitation Homes
INVH
|
+$21.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 70.45% |
| 2 | Consumer Discretionary | 12.13% |
| 3 | Healthcare | 0.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ACC
1
DELISTED
American Campus Communities, Inc.
ACC
| $54.6M | 11.98% |
1,276,896
-104,352
| -8% | -$4.16M |
|
|
AIRC
2
DELISTED
Apartment Income REIT Corp.
AIRC
| $53.3M | 11.7% |
+1,388,327
| New | +$53.3M |
|
|
3
Public Storage
PSA
$60.5B
| $42.9M | 9.4% |
+185,632
| New | +$42.6M |
|
4
American Homes 4 Rent
AMH
$12.2B
| $31.8M | 6.97% |
1,058,559
-398,286
| -27% | -$11.7M |
|
5
SBA Communications
SBAC
$19.3B
| $29.4M | 6.45% |
104,194
-36,189
| -26% | -$10.6M |
|
6
VICI Properties
VICI
$28.7B
| $25.7M | 5.65% |
1,009,327
-124,483
| -11% | -$3.09M |
|
7
D.R. Horton
DHI
$41.7B
| $25.4M | 5.57% |
368,592
-111,957
| -23% | -$8.16M |
|
8
First Industrial Realty Trust
FR
$8.32B
| $25.1M | 5.51% |
596,149
-98,954
| -14% | -$4.14M |
|
|
VER
9
DELISTED
VEREIT, Inc.
VER
| $22.6M | 4.97% |
599,054
-411,847
| -41% | -$14.6M |
|
10
Outfront Media
OUT
$5.29B
| $22.5M | 4.93% |
1,168,301
-555,626
| -32% | -$9.39M |
|
11
Ventas
VTR
$45.5B
| $21.8M | 4.78% |
443,959
-15,981
| -3% | -$739K |
|
|
PCH
12
DELISTED
PotlatchDeltic
PCH
| $13.8M | 3.02% |
275,164
-37,806
| -12% | -$1.74M |
|
|
13
Hilton Grand Vacations
HGV
$3.33B
| $13.1M | 2.87% |
+417,790
| New | +$10.9M |
|
|
QTS
14
DELISTED
QTS REALTY TRUST, INC.
QTS
| $12.7M | 2.78% |
205,098
-389,013
| -65% | -$24.3M |
|
15
Equinix
EQIX
$103B
| $11.9M | 2.62% |
16,728
-7,167
| -30% | -$5.33M |
|
|
MNR
16
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $11.9M | 2.62% |
+689,530
| New | +$10.4M |
|
17
Apple Hospitality REIT
APLE
$3.71B
| $10.3M | 2.26% |
796,391
-780,085
| -49% | -$9.26M |
|
18
Caesars Entertainment
CZR
$6.1B
| $8.96M | 1.97% |
120,625
-207,925
| -63% | -$13M |
|
|
19
Camden Property Trust
CPT
$10.9B
| $8.1M | 1.78% |
+81,090
| New | +$7.85M |
|
20
MGM Resorts International
MGM
$10.9B
| $7.85M | 1.72% |
249,200
| – | – |
|
21
Brookdale Senior Living
BKD
$3.07B
| $2.15M | 0.47% |
486,209
| – | – |
|
|
AIV
22
Aimco
AIV
$382M
| – | – |
-15,512,616
| Closed | -$69.7M |
|
|
23
Crown Castle
CCI
$31.6B
| – | – |
-157,160
| Closed | -$26.2M |
|
|
24
Americold
COLD
$4.19B
| – | – |
-840,504
| Closed | -$30M |
|
25
EPR Properties
EPR
$4.61B
| – | – |
-147,339
| Closed | -$4.05M |
|
Similar funds
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DPRC
BBL
1WCM
BA
FL
EGWAG
ESL
Land & Buildings Investment Management's Q4 2020 Portfolio in Review
As of Q4 2020, Land & Buildings Investment Management held 27 positions worth $456M, down 21% from $577M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Land & Buildings Investment Management withdrew a net $161M in Q4 2020, closing 6 positions and reducing 14 holdings. Its most notable exit was Aimco, an estimated $69.7M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 70% of assets, down from 75% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Land & Buildings Investment Management opened a new position in Apartment Income REIT Corp. worth $53.3M.
- Land & Buildings Investment Management's largest Q4 2020 buy was Apartment Income REIT Corp.: 1,388,327 shares worth $53.3M.
- Land & Buildings Investment Management's biggest Q4 2020 reduction was QTS REALTY TRUST, INC., cutting an estimated $24.3M.
- Land & Buildings Investment Management fully exited Aimco in Q4 2020, selling an estimated $69.7M.
- Land & Buildings Investment Management's ten largest holdings make up 73% of its $456M portfolio in Q4 2020.
- Land & Buildings Investment Management opened 5 new positions and closed 6 in Q4 2020.
- Land & Buildings Investment Management's portfolio value fell 21% quarter-over-quarter to $456M.
Based on Land & Buildings Investment Management's 13F filing for Q4 2020, filed 16 Feb 2021.