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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
-16.09%
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
$438M
AUM Growth
-$182M
(-29%)
Cap. Flow
-$105M
Cap. Flow
% of AUM
-23.94%
Top 10 Holdings %
Top 10 Hldgs %
81%
Holding
24
New
5
Increased
7
Reduced
6
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AIV
Aimco
AIV
|
+$44.6M |
| 2 |
DRE
Duke Realty Corp.
DRE
|
+$27.3M |
| 3 |
HR
Healthcare Realty Trust Incorporated
HR
|
+$18.3M |
| 4 |
American Homes 4 Rent
AMH
|
+$13.4M |
| 5 |
Caesars Entertainment
CZR
|
+$10.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ACC
American Campus Communities, Inc.
ACC
|
+$106M |
| 2 |
LXP Industrial Trust
LXP
|
+$74.6M |
| 3 |
Rexford Industrial Realty
REXR
|
+$25.7M |
| 4 |
Ventas
VTR
|
+$12M |
| 5 |
Blackstone
BX
|
+$10.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 96.13% |
| 2 | Consumer Discretionary | 2.25% |
| 3 | Technology | 1.62% |
| 4 | Financials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AIRC
1
DELISTED
Apartment Income REIT Corp.
AIRC
| $45.6M | 10.43% |
1,097,344
+23,290
| +2% | +$1.08M |
|
|
AIV
2
Aimco
AIV
$377M
| $45.2M | 10.33% |
+7,062,276
| New | +$44.6M |
|
|
3
American Homes 4 Rent
AMH
$12.3B
| $44.6M | 10.18% |
1,257,639
+353,110
| +39% | +$13.4M |
|
4
Public Storage
PSA
$60.8B
| $39.6M | 9.04% |
126,582
+11,000
| +10% | +$3.81M |
|
5
SBA Communications
SBAC
$19.2B
| $35.9M | 8.21% |
112,252
+12,118
| +12% | +$4.08M |
|
|
6
Ventas
VTR
$47.2B
| $34.1M | 7.78% |
662,075
-213,720
| -24% | -$12M |
|
|
ROIC
7
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $32M | 7.3% |
2,025,510
+484,810
| +31% | +$8.65M |
|
|
DRE
8
DELISTED
Duke Realty Corp.
DRE
| $27.4M | 6.27% |
+499,460
| New | +$27.3M |
|
9
AvalonBay Communities
AVB
$26.3B
| $25.6M | 5.85% |
131,725
-4,070
| -3% | -$882K |
|
10
Ryman Hospitality Properties
RHP
$7.57B
| $24.6M | 5.61% |
323,200
+104,460
| +48% | +$9.22M |
|
11
Sun Communities
SUI
$14.4B
| $18.7M | 4.28% |
117,630
-25,160
| -18% | -$4.22M |
|
|
HR
12
DELISTED
Healthcare Realty Trust Incorporated
HR
| $17.8M | 4.06% |
+653,470
| New | +$18.3M |
|
13
Alexandria Real Estate Equities
ARE
$8.32B
| $16.3M | 3.73% |
112,498
-162
| -0.1% | -$27.5K |
|
14
Outfront Media
OUT
$5.29B
| $10.1M | 2.31% |
607,280
+59,770
| +11% | +$1.3M |
|
15
SmartRent
SMRT
$261M
| $7.1M | 1.62% |
+1,570,225
| New | +$7.93M |
|
|
16
Caesars Entertainment
CZR
$6.13B
| $6.99M | 1.6% |
+182,540
| New | +$10.2M |
|
|
WE
17
DELISTED
WeWork Inc.
WE
| $3.26M | 0.75% |
16,251
-1,308
| -7% | -$337K |
|
18
D.R. Horton
DHI
$41B
| $2.85M | 0.65% |
43,120
-85,278
| -66% | -$5.99M |
|
|
19
Blackstone
BX
$113B
| – | – |
-85,434
| Closed | -$10.8M |
|
20
Jones Lang LaSalle
JLL
$16.4B
| – | – |
-39,900
| Closed | -$9.55M |
|
|
21
LXP Industrial Trust
LXP
$3.58B
| – | – |
-950,055
| Closed | -$74.6M |
|
|
22
Rexford Industrial Realty
REXR
$8.13B
| – | – |
-344,063
| Closed | -$25.7M |
|
23
Vanguard Long-Term Treasury ETF
VGLT
$10.3B
| – | – |
-56,900
| Closed | -$4.58M |
|
|
ACC
24
DELISTED
American Campus Communities, Inc.
ACC
| – | – |
-1,891,723
| Closed | -$106M |
|
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1WCM
BA
FL
EGWAG
ESL
Land & Buildings Investment Management's Q2 2022 Portfolio in Review
As of Q2 2022, Land & Buildings Investment Management held 24 positions worth $438M, down 29% from $620M the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Land & Buildings Investment Management withdrew a net $105M in Q2 2022, closing 6 positions and reducing 6 holdings. Its most notable exit was American Campus Communities, Inc., an estimated $106M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 96% of assets, up from 79% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Land & Buildings Investment Management opened a new position in Aimco worth $45.2M.
- Land & Buildings Investment Management's largest Q2 2022 buy was Aimco: 7,062,276 shares worth $45.2M.
- Land & Buildings Investment Management added most to American Homes 4 Rent in Q2 2022, an estimated $13.4M increase.
- Land & Buildings Investment Management's biggest Q2 2022 reduction was Ventas, cutting an estimated $12M.
- Land & Buildings Investment Management fully exited American Campus Communities, Inc. in Q2 2022, selling an estimated $106M.
- Land & Buildings Investment Management's ten largest holdings make up 81% of its $438M portfolio in Q2 2022.
- Land & Buildings Investment Management opened 5 new positions and closed 6 in Q2 2022.
- Land & Buildings Investment Management's portfolio value fell 29% quarter-over-quarter to $438M.
Based on Land & Buildings Investment Management's 13F filing for Q2 2022, filed 12 Aug 2022.