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LPC

Long Pond Capital Portfolio holdings

AUM $1.05B
1-Year Est. Return 16.49%
This Fund
S&P 500
This Quarter Est. Return
+7.97%
1 Year Est. Return
-16.49%
3 Year Est. Return
-22.94%
5 Year Est. Return
-43.76%
10 Year Est. Return
-51.53%
AUM
$2.93B
AUM Growth
-$66.3M
Cap. Flow
-$299M
Cap. Flow %
-10.21%
Top 10 Hldgs %
53.13%
Holding
51
New
17
Increased
9
Reduced
9
Closed
13

Top Buys

Rank Stock Value
1
GDS icon
GDS Holdings
GDS
+$128M
2
INVH icon
Invitation Homes
INVH
+$128M
3
FMX icon
Fomento Económico Mexicano
FMX
+$95.4M
4
AMH icon
American Homes 4 Rent
AMH
+$83M
5
FR icon
First Industrial Realty Trust
FR
+$80.8M

Top Sells

Rank Stock Value
1
EQR icon
Equity Residential
EQR
+$287M
2
AVB icon
AvalonBay Communities
AVB
+$228M
3
AIRC
Apartment Income REIT Corp.
AIRC
+$186M
4
PHM icon
Pultegroup
PHM
+$120M
5
GLPI icon
Gaming and Leisure Properties
GLPI
+$101M

Sector Composition

Rank Sector Weight
1 Real Estate 58.9%
2 Consumer Discretionary 20.51%
3 Communication Services 5.8%
4 Technology 5.38%
5 Consumer Staples 3.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HLT icon
26
Hilton Worldwide
HLT
$72.1B
$38.1M 1.3%
+315,004
New +$36.4M
CONE
27
DELISTED
CyrusOne Inc Common Stock
CONE
$36.6M 1.25%
+541,128
New +$37.5M
AIV
28
Aimco
AIV
$387M
$36.6M 1.25%
+5,961,627
New +$30.2M
SPGS.U
29
DELISTED
Simon Property Group Acquisition Holdings, Inc. Units, each consisting of one share of Class A common stock and one-fifth of one redeemable warrant
SPGS.U
$34.3M 1.17%
+3,415,498
New +$35.1M
MLCO icon
30
Melco Resorts & Entertainment
MLCO
$2.22B
$33M 1.13%
+1,655,722
New +$31.4M
PHM icon
31
Pultegroup
PHM
$24.1B
$32.4M 1.11%
617,044
-2,579,693
-81% -$120M
VNET
32
VNET Group
VNET
$2.04B
$30.7M 1.05%
+950,000
New +$35M
VICI icon
33
VICI Properties
VICI
$29B
$26.8M 0.92%
+950,000
New +$25.8M
SMRT icon
34
SmartRent
SMRT
$195M
$22.6M 0.77%
+2,259,999
New +$23.8M
RXRAU
35
DELISTED
RXR Acquisition Corp. Units
RXRAU
$19.7M 0.67%
+2,000,000
New +$19.9M
TSIBU
36
DELISTED
Tishman Speyer Innovation Corp. II Unit
TSIBU
$13M 0.44%
+1,300,000
New +$13.4M
BOWX
37
DELISTED
BowX Acquisition Corp. Class A Common Stock
BOWX
$10.1M 0.34%
+862,917
New +$9.09M
CBAH.U
38
DELISTED
CBRE Acquisition Holdings, Inc. SAIL securities, each consisting of one share of Class A common stoc
CBAH.U
$4.98M 0.17%
500,000
– –
ABNB icon
39
Airbnb
ABNB
$89.9B
– –
-300,000
Closed -$44M
DEI icon
40
Douglas Emmett
DEI
$1.98B
– –
-1,668,020
Closed -$48.7M
ESS icon
41
Essex Property Trust
ESS
$18.3B
– –
-319,878
Closed -$75.9M
EXP icon
42
Eagle Materials
EXP
$6.29B
– –
-238,492
Closed -$24.2M
EXPE icon
43
CALL
Expedia Group
EXPE
$35.4B
– –
-430,000
Closed -$56.9M
GLPI icon
44
Gaming and Leisure Properties
GLPI
$12.7B
– –
-2,374,487
Closed -$101M
LESL icon
45
Leslie's
LESL
$8.9M
– –
-20,000
Closed -$11.1M
UDR icon
46
UDR
UDR
$12.3B
– –
-1,943,653
Closed -$74.7M
AIRC
47
DELISTED
Apartment Income REIT Corp.
AIRC
– –
-4,846,103
Closed -$186M
RADI
48
DELISTED
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
– –
-1,250,715
Closed -$16.1M
LSI
49
DELISTED
Life Storage, Inc.
LSI
– –
-317,136
Closed -$25.2M
MGP
50
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
– –
-779,757
Closed -$24.4M
1
2
3

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Long Pond Capital's Q1 2021 Portfolio in Review

As of Q1 2021, Long Pond Capital held 51 positions worth $2.93B, down 2.2% from $2.99B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Long Pond Capital withdrew a net $299M in Q1 2021, closing 13 positions and reducing 9 holdings. Its most notable exit was Apartment Income REIT Corp., an estimated $186M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 59% of assets, down from 75% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Long Pond Capital opened a new position in GDS Holdings worth $104M.

  • Long Pond Capital's largest Q1 2021 buy was GDS Holdings: 1,284,391 shares worth $104M.
  • Long Pond Capital added most to American Homes 4 Rent in Q1 2021, an estimated $83M increase.
  • Long Pond Capital's biggest Q1 2021 reduction was Equity Residential, cutting an estimated $287M.
  • Long Pond Capital fully exited Apartment Income REIT Corp. in Q1 2021, selling an estimated $186M.
  • Long Pond Capital's ten largest holdings make up 53% of its $2.93B portfolio in Q1 2021.
  • Long Pond Capital opened 17 new positions and closed 13 in Q1 2021.
  • Long Pond Capital's portfolio value fell 2.2% quarter-over-quarter to $2.93B.

Based on Long Pond Capital's 13F filing for Q1 2021, filed 17 May 2021.