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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
+5.16%
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
$643M
AUM Growth
+$76.9M
(+14%)
Cap. Flow
+$73.8M
Cap. Flow
% of AUM
11.47%
Top 10 Holdings %
Top 10 Hldgs %
80.26%
Holding
39
New
11
Increased
8
Reduced
3
Closed
17
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AAMC
Altisource Asset Management Corp
AAMC
|
+$87.5M |
| 2 |
HOUS
Anywhere Real Estate
HOUS
|
+$68.3M |
| 3 |
Starwood Property Trust
STWD
|
+$43.4M |
| 4 |
Owens Corning
OC
|
+$31.5M |
| 5 |
EDR
Education Realty Trust Inc
EDR
|
+$22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Diamondrock Hospitality Co
DRH
|
+$33M |
| 2 |
AHT
Ashford Hospitality Trust
AHT
|
+$32.2M |
| 3 |
PPS
Post Properties
PPS
|
+$31.6M |
| 4 |
Cemex
CX
|
+$31.5M |
| 5 |
PNK
Pinnacle Entertainment Inc.
PNK
|
+$23.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 65.47% |
| 2 | Consumer Discretionary | 12.21% |
| 3 | Financials | 8.3% |
| 4 | Industrials | 6.96% |
| 5 | Communication Services | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AAMC
1
DELISTED
Altisource Asset Management Corp
AAMC
| $113M | 17.54% |
+359,778
| New | +$87.5M |
|
2
Blackstone Mortgage Trust
BXMT
$2.45B
| $65.5M | 10.18% |
2,599,151
+115,000
| +5% | +$2.92M |
|
|
HOUS
3
DELISTED
Anywhere Real Estate
HOUS
| $64.9M | 10.09% |
+1,509,277
| New | +$68.3M |
|
4
Hyatt Hotels
H
$16.4B
| $59.5M | 9.25% |
1,384,758
+182,808
| +15% | +$8.02M |
|
5
Crown Castle
CCI
$33.3B
| $50.9M | 7.92% |
697,500
+247,000
| +55% | +$17.7M |
|
|
ESC
6
DELISTED
EMERITUS CORP
ESC
| $48.9M | 7.6% |
2,636,740
+845,982
| +47% | +$19M |
|
|
7
Starwood Property Trust
STWD
$5.93B
| $41.7M | 6.49% |
+2,159,100
| New | +$43.4M |
|
|
8
Owens Corning
OC
$11.2B
| $30.7M | 4.77% |
+807,314
| New | +$31.5M |
|
|
EDR
9
DELISTED
Education Realty Trust Inc
EDR
| $21.2M | 3.3% |
+776,784
| New | +$22M |
|
|
TCO
10
DELISTED
Taubman Centers Inc.
TCO
| $20.1M | 3.13% |
299,300
+99,300
| +50% | +$7.12M |
|
|
SHOS
11
DELISTED
Sears Hometown and Outlet Stores, Inc.
SHOS
| $19.1M | 2.96% |
600,215
+115,520
| +24% | +$4.44M |
|
|
PMT
12
PennyMac Mortgage Investment
PMT
$818M
| $17.2M | 2.67% |
757,000
+131,314
| +21% | +$2.87M |
|
|
FCE.A
13
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $17M | 2.65% |
+900,000
| New | +$16.3M |
|
|
PGEM
14
DELISTED
Ply Gem Holdings, Inc.
PGEM
| $14.1M | 2.19% |
+1,007,881
| New | +$17.4M |
|
|
PNK
15
DELISTED
Pinnacle Entertainment Inc.
PNK
| $13.4M | 2.08% |
533,696
-1,046,639
| -66% | -$23.5M |
|
|
SBY
16
DELISTED
Silver Bay Realty Trust Corp.
SBY
| $11.9M | 1.85% |
759,944
+546,744
| +256% | +$8.8M |
|
|
ELME
17
Elme Communities
ELME
$144M
| $9.76M | 1.52% |
+386,299
| New | +$10M |
|
|
PPS
18
DELISTED
Post Properties
PPS
| $8.23M | 1.28% |
182,900
-675,174
| -79% | -$31.6M |
|
19
Equity Lifestyle Properties
ELS
$12.6B
| $6.9M | 1.07% |
+404,000
| New | +$7.53M |
|
20
PennyMac Financial
PFSI
$3.9B
| $4.5M | 0.7% |
+239,778
| New | +$4.5M |
|
|
HPP
21
Hudson Pacific Properties
HPP
$747M
| $2.77M | 0.43% |
+20,357
| New | +$2.96M |
|
|
SRC
22
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $2.18M | 0.34% |
52,851
-232,135
| -81% | -$9.55M |
|
|
AHT
23
Ashford Hospitality Trust
AHT
$20.9M
| – | – |
-4,491
| Closed | -$32.2M |
|
|
ARI
24
Apollo Commercial Real Estate
ARI
$873M
| – | – |
-50,000
| Closed | -$794K |
|
25
Clear Channel Outdoor Holdings
CCO
$1.23B
| – | – |
-391,501
| Closed | -$2.92M |
|
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Long Pond Capital's Q3 2013 Portfolio in Review
As of Q3 2013, Long Pond Capital held 39 positions worth $643M, up 14% from $566M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Long Pond Capital deployed $73.8M of net new capital in Q3 2013, opening 11 new positions and adding to 8 existing holdings. Its largest new stake was Altisource Asset Management Corp: 359,778 shares worth $113M.
By sector, the portfolio is most concentrated in Real Estate at 65% of assets, up from 48% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Post Properties, an estimated $31.6M trimmed.
- Long Pond Capital's largest Q3 2013 buy was Altisource Asset Management Corp: 359,778 shares worth $113M.
- Long Pond Capital added most to EMERITUS CORP in Q3 2013, an estimated $19M increase.
- Long Pond Capital's biggest Q3 2013 reduction was Post Properties, cutting an estimated $31.6M.
- Long Pond Capital fully exited Diamondrock Hospitality Co in Q3 2013, selling an estimated $33M.
- Long Pond Capital's ten largest holdings make up 80% of its $643M portfolio in Q3 2013.
- Long Pond Capital opened 11 new positions and closed 17 in Q3 2013.
- Long Pond Capital's portfolio value rose 14% quarter-over-quarter to $643M.
Based on Long Pond Capital's 13F filing for Q3 2013, filed 14 Nov 2013.