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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
-11.95%
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
$1.75B
AUM Growth
+$55.5M
(+3.3%)
Cap. Flow
+$268M
Cap. Flow
% of AUM
15.32%
Top 10 Holdings %
Top 10 Hldgs %
66.32%
Holding
38
New
9
Increased
12
Reduced
6
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Extra Space Storage
EXR
|
+$147M |
| 2 |
Independence Realty Trust
IRT
|
+$79.4M |
| 3 |
CubeSmart
CUBE
|
+$67.2M |
| 4 |
Rexford Industrial Realty
REXR
|
+$45M |
| 5 |
Louisiana-Pacific
LPX
|
+$41.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Healthpeak Properties
DOC
|
+$116M |
| 2 |
CBRE Group
CBRE
|
+$96.6M |
| 3 |
Wyndham Hotels & Resorts
WH
|
+$77.1M |
| 4 |
PENN Entertainment
PENN
|
+$74.5M |
| 5 |
Forestar Group
FOR
|
+$51.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 64.05% |
| 2 | Consumer Discretionary | 15.81% |
| 3 | Communication Services | 2.94% |
| 4 | Industrials | 2.55% |
| 5 | Technology | 0.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
SmartRent
SMRT
$195M
| $8.9M | 0.51% |
+3,409,322
| New | +$11.6M |
|
27
Five Point Holdings
FPH
$376M
| $7.25M | 0.41% |
2,441,032
-442,611
| -15% | -$1.37M |
|
28
First American
FAF
$7.66B
| $4.53M | 0.26% |
+80,110
| New | +$4.81M |
|
|
29
Healthpeak Properties
DOC
$15.1B
| – | – |
-5,786,026
| Closed | -$116M |
|
|
ILPT
30
Industrial Logistics Properties Trust
ILPT
$575M
| – | – |
-1,005,865
| Closed | -$3.32M |
|
31
LXP Industrial Trust
LXP
$3.57B
| – | – |
-882,418
| Closed | -$43M |
|
32
Meritage Homes
MTH
$4.58B
| – | – |
-284,000
| Closed | -$20.2M |
|
|
33
PENN Entertainment
PENN
$2.75B
| – | – |
-3,101,659
| Closed | -$74.5M |
|
|
PGRE
34
DELISTED
Paramount Group
PGRE
| – | – |
-620,745
| Closed | -$2.75M |
|
35
RLJ Lodging Trust
RLJ
$1.86B
| – | – |
-733,700
| Closed | -$7.54M |
|
|
VRE
36
DELISTED
Veris Residential
VRE
| – | – |
-3,145,739
| Closed | -$50.5M |
|
37
Vesta Real Estate
VTMX
$3.2B
| – | – |
-315,000
| Closed | -$10.1M |
|
|
38
Wyndham Hotels & Resorts
WH
$5.56B
| – | – |
-1,124,500
| Closed | -$77.1M |
|
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Long Pond Capital's Q3 2023 Portfolio in Review
As of Q3 2023, Long Pond Capital held 38 positions worth $1.75B, up 3.3% from $1.7B the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Long Pond Capital deployed $268M of net new capital in Q3 2023, opening 9 new positions and adding to 12 existing holdings. Its largest new stake was Extra Space Storage: 1,093,710 shares worth $133M.
By sector, the portfolio is most concentrated in Real Estate at 64% of assets, down from 75% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was CBRE Group, an estimated $96.6M trimmed.
- Long Pond Capital's largest Q3 2023 buy was Extra Space Storage: 1,093,710 shares worth $133M.
- Long Pond Capital added most to Independence Realty Trust in Q3 2023, an estimated $79.4M increase.
- Long Pond Capital's biggest Q3 2023 reduction was CBRE Group, cutting an estimated $96.6M.
- Long Pond Capital fully exited Healthpeak Properties in Q3 2023, selling an estimated $116M.
- Long Pond Capital's ten largest holdings make up 66% of its $1.75B portfolio in Q3 2023.
- Long Pond Capital opened 9 new positions and closed 10 in Q3 2023.
- Long Pond Capital's portfolio value rose 3.3% quarter-over-quarter to $1.75B.
Based on Long Pond Capital's 13F filing for Q3 2023, filed 14 Nov 2023.