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LCM
LDR Capital Management Portfolio holdings
AUM
$81M
Turnover
18.37%
1-Year Est. Return
5.24%
This Fund
S&P 500
This Quarter
Est. Return
-12.13%
1 Year Est. Return
+5.24%
3 Year Est. Return
+28.44%
5 Year Est. Return
+0.81%
10 Year Est. Return
–
AUM
$198M
AUM Growth
-$41M
(-17%)
Cap. Flow
-$25.7M
Cap. Flow
% of AUM
-12.99%
Top 10 Holdings %
Top 10 Hldgs %
64.15%
Holding
72
New
3
Increased
21
Reduced
21
Closed
22
Avg Time Held
0.8
years
Top 10 Avg Time Held
0.8
years
Top 20 Avg Time Held
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Blackstone Mortgage Trust
BXMT
|
+$7.02M |
| 2 |
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
|
+$4.35M |
| 3 |
State Street Real Estate Select Sector SPDR ETF
XLRE
|
+$2.24M |
| 4 |
RTL
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
|
+$1.48M |
| 5 |
Ladder Capital
LADR
|
+$1.17M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ventas
VTR
|
+$9.44M |
| 2 |
Global Net Lease
GNL
|
+$6.17M |
| 3 |
CTT
CATCHMARK TIMBER TRUST, INC.
CTT
|
+$3.98M |
| 4 |
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
|
+$2.43M |
| 5 |
ACC
American Campus Communities, Inc.
ACC
|
+$1.77M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 73.53% |
| 2 | Miscellaneous | 26.28% |
| 3 | Consumer Staples | 0.18% |
| 4 | Consumer Discretionary | 0% |
| 5 | Financials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Blackstone Mortgage Trust
BXMT
$1.85B
| $43.9M | 22.19% |
1,880,855
+242,416
| +15% | +$7.02M |
2018 Q2
17 quarters
|
|
2
SL Green Realty
SLG
$3.37B
| $25.5M | 12.89% |
635,109
+12,600
| +2% | +$586K |
2019 Q3
12 quarters
|
|
3
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
| $12.9M | 6.54% |
295,258
+13,699
| +5% | +$670K |
2021 Q4
3 quarters
|
|
4
Gaming and Leisure Properties
GLPI
$11.4B
| $8.61M | 4.35% |
194,548
-9,820
| -5% | -$485K |
2022 Q1
2 quarters
|
|
|
5
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$105M
| $7.65M | 3.87% |
298,033
+143,500
| +93% | +$4.35M |
2021 Q4
3 quarters
|
|
6
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$315M
| $6.82M | 3.45% |
277,369
+986
| +0.4% | +$25.3K |
2021 Q4
3 quarters
|
|
|
7
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$133M
| $6.22M | 3.15% |
360,280
-109,060
| -23% | -$2.43M |
2021 Q4
3 quarters
|
|
8
Crown Castle
CCI
$34.3B
| $4.89M | 2.47% |
33,813
-13
| -0% | -$2.23K |
2020 Q3
8 quarters
|
|
|
PLYM
9
DELISTED
Plymouth Industrial REIT
PLYM
| $4.53M | 2.29% |
269,562
-37,612
| -12% | -$728K |
2019 Q2
13 quarters
|
|
|
HT
10
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $4.2M | 2.12% |
526,146
-96,417
| -15% | -$961K |
2020 Q4
7 quarters
|
|
|
11
Ladder Capital
LADR
$1.13B
| $3.48M | 1.76% |
388,365
+106,090
| +38% | +$1.17M |
2022 Q2
1 quarter
|
|
12
DELISTED
Kennedy-Wilson Holdings
KW
| $3.32M | 1.68% |
214,538
-15,272
| -7% | -$285K |
2022 Q1
2 quarters
|
|
13
Healthcare Realty
HR
$5.91B
| $3.16M | 1.59% |
151,370
+19,343
| +15% | +$492K |
2021 Q1
6 quarters
|
|
14
Urban Edge Properties
UE
$2.45B
| $3.05M | 1.54% |
228,824
+47,478
| +26% | +$740K |
2022 Q1
2 quarters
|
|
15
DELISTED
Apartment Income REIT Corp.
AIRC
| $2.94M | 1.49% |
76,168
+968
| +1% | +$41K |
2022 Q1
2 quarters
|
|
16
Healthpeak Properties
DOC
$13.1B
| $2.91M | 1.47% |
126,846
+12,523
| +11% | +$331K |
2022 Q1
2 quarters
|
|
17
UMH Properties
UMH
$1.3B
| $2.71M | 1.37% |
167,810
+18,610
| +12% | +$349K |
2022 Q1
2 quarters
|
|
18
STAG Industrial
STAG
$6.93B
| $2.65M | 1.34% |
93,267
+7,767
| +9% | +$245K |
2022 Q1
2 quarters
|
|
19
Brixmor Property Group
BRX
$8.41B
| $2.64M | 1.34% |
143,107
-18,493
| -11% | -$399K |
2022 Q1
2 quarters
|
|
20
Brandywine Realty Trust
BDN
$463M
| $2.54M | 1.28% |
376,700
| – | – |
2022 Q1
2 quarters
|
|
|
ALEX
21
DELISTED
Alexander & Baldwin
ALEX
| $2.39M | 1.21% |
144,265
+11,129
| +8% | +$205K |
2022 Q1
2 quarters
|
|
22
Phillips Edison & Co
PECO
$4.88B
| $2.26M | 1.14% |
80,654
-5,953
| -7% | -$196K |
2022 Q1
2 quarters
|
|
|
VRE
23
DELISTED
Veris Residential
VRE
| $2.06M | 1.04% |
181,609
+23,600
| +15% | +$317K |
2022 Q1
2 quarters
|
|
24
Braemar Hotels & Resorts 5.50% Series B Preferred Stock
BHR.PRB
$46.8M
| $1.98M | 1% |
133,707
-13
| -0% | -$214 |
2021 Q4
3 quarters
|
|
|
25
State Street Real Estate Select Sector SPDR ETF
XLRE
$7.88B
| $1.93M | 0.97% |
+53,519
| New | +$2.24M |
2022 Q3
0 quarters
|
|
Similar funds
RCI
RWJF
CLP
RC
LTM
NVIM
MM
AC
LDR Capital Management's Q3 2022 Portfolio in Review
As of Q3 2022, LDR Capital Management held 72 positions worth $198M, down 17% from $239M the previous quarter. Its ten largest holdings account for 64% of the portfolio.
LDR Capital Management withdrew a net $25.7M in Q3 2022, closing 22 positions and reducing 21 holdings. Its most notable exit was Ventas, an estimated $9.44M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 74% of assets, down from 79% a quarter earlier, followed by Miscellaneous and Consumer Staples.
Against the trend, LDR Capital Management opened a new position in State Street Real Estate Select Sector SPDR ETF worth $1.93M.
- LDR Capital Management's largest Q3 2022 buy was State Street Real Estate Select Sector SPDR ETF: 53,519 shares worth $1.93M.
- LDR Capital Management added most to Blackstone Mortgage Trust in Q3 2022, an estimated $7.02M increase.
- LDR Capital Management's biggest Q3 2022 reduction was EPR Properties 5.75% Series C Preferred Shares, cutting an estimated $2.43M.
- LDR Capital Management fully exited Ventas in Q3 2022, selling an estimated $9.44M.
- LDR Capital Management's ten largest holdings make up 64% of its $198M portfolio in Q3 2022.
- LDR Capital Management opened 3 new positions and closed 22 in Q3 2022.
- LDR Capital Management's portfolio value fell 17% quarter-over-quarter to $198M.
Based on LDR Capital Management's 13F filing for Q3 2022, filed 9 Nov 2022.