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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
+11.87%
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
$1.24B
AUM Growth
-$508M
(-29%)
Cap. Flow
-$631M
Cap. Flow
% of AUM
-50.76%
Top 10 Holdings %
Top 10 Hldgs %
62.78%
Holding
40
New
12
Increased
4
Reduced
14
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mid-America Apartment Communities
MAA
|
+$109M |
| 2 |
W.P. Carey
WPC
|
+$55.8M |
| 3 |
VICI Properties
VICI
|
+$50M |
| 4 |
Agree Realty
ADC
|
+$28.2M |
| 5 |
AIRC
Apartment Income REIT Corp.
AIRC
|
+$28.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Extra Space Storage
EXR
|
+$133M |
| 2 |
Rexford Industrial Realty
REXR
|
+$88.6M |
| 3 |
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
|
+$77.3M |
| 4 |
Independence Realty Trust
IRT
|
+$76.6M |
| 5 |
Marriott Vacations Worldwide
VAC
|
+$72.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 84.54% |
| 2 | Consumer Discretionary | 11.45% |
| 3 | Communication Services | 3.2% |
| 4 | Technology | 0.81% |
| 5 | Financials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
SITE Centers
SITC
$225M
| $15.7M | 1.26% |
+1,474,118
| New | +$14.7M |
|
27
Sphere Entertainment
SPHR
$5.13B
| $15.2M | 1.23% |
448,834
-504,024
| -53% | -$17.5M |
|
28
First Industrial Realty Trust
FR
$8.73B
| $14.7M | 1.18% |
279,669
-967,937
| -78% | -$45.1M |
|
29
UDR
UDR
$12.3B
| $12.2M | 0.98% |
+318,160
| New | +$11.1M |
|
30
SmartRent
SMRT
$195M
| $10.1M | 0.81% |
3,169,810
-239,512
| -7% | -$699K |
|
31
Five Point Holdings
FPH
$376M
| $7.32M | 0.59% |
2,383,681
-57,351
| -2% | -$150K |
|
32
CALL
American Tower
AMT
$80.8B
| – | – |
-1,325,000
| Closed | -$218M |
|
33
CubeSmart
CUBE
$9.39B
| – | – |
-1,592,931
| Closed | -$60.7M |
|
|
34
Extra Space Storage
EXR
$31.3B
| – | – |
-1,093,710
| Closed | -$133M |
|
35
First American
FAF
$7.66B
| – | – |
-80,110
| Closed | -$4.53M |
|
36
Jones Lang LaSalle
JLL
$16.5B
| – | – |
-455,786
| Closed | -$64.3M |
|
37
Louisiana-Pacific
LPX
$5.06B
| – | – |
-809,522
| Closed | -$44.7M |
|
38
CALL
Las Vegas Sands
LVS
$31.7B
| – | – |
-550,000
| Closed | -$25.2M |
|
|
39
Marriott Vacations Worldwide
VAC
$3.35B
| – | – |
-716,213
| Closed | -$72.1M |
|
|
SRC
40
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| – | – |
-2,304,653
| Closed | -$77.3M |
|
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Long Pond Capital's Q4 2023 Portfolio in Review
As of Q4 2023, Long Pond Capital held 40 positions worth $1.24B, down 29% from $1.75B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Long Pond Capital withdrew a net $631M in Q4 2023, closing 9 positions and reducing 14 holdings. Its most notable exit was Extra Space Storage, an estimated $133M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 85% of assets, up from 64% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Long Pond Capital opened a new position in Mid-America Apartment Communities worth $115M.
- Long Pond Capital's largest Q4 2023 buy was Mid-America Apartment Communities: 858,425 shares worth $115M.
- Long Pond Capital added most to Apartment Income REIT Corp. in Q4 2023, an estimated $28.1M increase.
- Long Pond Capital's biggest Q4 2023 reduction was Rexford Industrial Realty, cutting an estimated $88.6M.
- Long Pond Capital fully exited Extra Space Storage in Q4 2023, selling an estimated $133M.
- Long Pond Capital's ten largest holdings make up 63% of its $1.24B portfolio in Q4 2023.
- Long Pond Capital opened 12 new positions and closed 9 in Q4 2023.
- Long Pond Capital's portfolio value fell 29% quarter-over-quarter to $1.24B.
Based on Long Pond Capital's 13F filing for Q4 2023, filed 14 Feb 2024.