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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
+4.31%
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
$1.46B
AUM Growth
+$453M
(+45%)
Cap. Flow
+$436M
Cap. Flow
% of AUM
29.91%
Top 10 Holdings %
Top 10 Hldgs %
64.36%
Holding
41
New
13
Increased
8
Reduced
8
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
|
+$112M |
| 2 |
LQ
La Quinta Holdings Inc.
LQ
|
+$69.8M |
| 3 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$65.4M |
| 4 |
Hilton Worldwide
HLT
|
+$55.5M |
| 5 |
Madison Square Garden
MSGS
|
+$52.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hyatt Hotels
H
|
+$61.2M |
| 2 |
GRT
GLIMCHER REALTY TRUST
GRT
|
+$38.7M |
| 3 |
CBRE Group
CBRE
|
+$23.5M |
| 4 |
ESC
EMERITUS CORP
ESC
|
+$23.3M |
| 5 |
FCE.A
Forest City Realty Trust, Inc.
FCE.A
|
+$22.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 53.75% |
| 2 | Consumer Discretionary | 20.47% |
| 3 | Communication Services | 6.6% |
| 4 | Industrials | 3.75% |
| 5 | Financials | 3.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
American Homes 4 Rent
AMH
$12B
| $170M | 11.67% |
9,585,839
+1,650,453
| +21% | +$28.1M |
|
2
Blackstone Mortgage Trust
BXMT
$2.45B
| $125M | 8.54% |
4,294,151
+600,000
| +16% | +$17.3M |
|
|
SRC
3
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $115M | 7.87% |
+2,252,880
| New | +$112M |
|
|
4
Madison Square Garden
MSGS
$9.53B
| $96.3M | 6.6% |
2,161,337
+1,338,718
| +163% | +$52.6M |
|
|
5
Hilton Worldwide
HLT
$72.1B
| $93.2M | 6.39% |
1,333,333
+833,333
| +167% | +$55.5M |
|
|
SFR
6
DELISTED
Starwood Waypoint Homes
SFR
| $76.8M | 5.26% |
2,928,550
-116,746
| -4% | -$3.18M |
|
|
LQ
7
DELISTED
La Quinta Holdings Inc.
LQ
| $75.8M | 5.2% |
+3,962,526
| New | +$69.8M |
|
|
HOT
8
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $67.2M | 4.61% |
+831,800
| New | +$65.4M |
|
9
Mohawk Industries
MHK
$7.5B
| $66.5M | 4.56% |
480,500
+190,500
| +66% | +$25.7M |
|
10
American Tower
AMT
$80.5B
| $53.4M | 3.66% |
593,000
-36,000
| -6% | -$3.11M |
|
|
ARPI
11
DELISTED
AMERICAN RESIDENTIAL PPTYS INC COM
ARPI
| $47.4M | 3.25% |
2,528,308
+568,533
| +29% | +$10.3M |
|
12
Crown Castle
CCI
$33.3B
| $44.9M | 3.08% |
605,000
+363,000
| +150% | +$27.2M |
|
|
13
CBRE Group
CBRE
$42.3B
| $38.9M | 2.67% |
1,214,236
-814,732
| -40% | -$23.5M |
|
|
AIV
14
Aimco
AIV
$390M
| $34.2M | 2.35% |
7,962,467
| – | – |
|
|
PNK
15
DELISTED
Pinnacle Entertainment Inc.
PNK
| $34.1M | 2.34% |
1,354,855
-275,587
| -17% | -$6.54M |
|
16
Armstrong World Industries
AWI
$7.37B
| $32.7M | 2.24% |
568,600
| – | – |
|
|
DRII
17
DELISTED
DIAMOND RESORTS INTL, INC
DRII
| $29.3M | 2.01% |
+1,260,737
| New | +$24.8M |
|
18
Boyd Gaming
BYD
$6.34B
| $26.9M | 1.84% |
2,213,722
-888,800
| -29% | -$10.3M |
|
|
ESC
19
DELISTED
EMERITUS CORP
ESC
| $26.5M | 1.82% |
838,243
-760,797
| -48% | -$23.3M |
|
|
SGM
20
DELISTED
Stonegate Mortgage Corporation
SGM
| $25.7M | 1.76% |
1,843,262
| – | – |
|
|
SGI
21
Somnigroup International
SGI
$13.8B
| $24.9M | 1.71% |
+1,670,204
| New | +$22.4M |
|
|
LNW
22
DELISTED
Light & Wonder
LNW
| $24.5M | 1.68% |
2,204,255
+1,094,255
| +99% | +$11.8M |
|
23
Cemex
CX
$17B
| $23.8M | 1.63% |
+2,024,643
| New | +$23M |
|
24
Caesarstone
CSTE
$73.3M
| $22.1M | 1.51% |
+450,000
| New | +$22.9M |
|
25
Travel + Leisure Co
TNL
$4.63B
| $18.9M | 1.3% |
553,750
-181,630
| -25% | -$5.96M |
|
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Long Pond Capital's Q2 2014 Portfolio in Review
As of Q2 2014, Long Pond Capital held 41 positions worth $1.46B, up 45% from $1.01B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Long Pond Capital deployed $436M of net new capital in Q2 2014, opening 13 new positions and adding to 8 existing holdings. Its largest new stake was SPIRIT REALTY CAPITAL, INC.: 2,252,880 shares worth $115M.
By sector, the portfolio is most concentrated in Real Estate at 54% of assets, down from 54% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was CBRE Group, an estimated $23.5M trimmed.
- Long Pond Capital's largest Q2 2014 buy was SPIRIT REALTY CAPITAL, INC.: 2,252,880 shares worth $115M.
- Long Pond Capital added most to Hilton Worldwide in Q2 2014, an estimated $55.5M increase.
- Long Pond Capital's biggest Q2 2014 reduction was CBRE Group, cutting an estimated $23.5M.
- Long Pond Capital fully exited Hyatt Hotels in Q2 2014, selling an estimated $61.2M.
- Long Pond Capital's ten largest holdings make up 64% of its $1.46B portfolio in Q2 2014.
- Long Pond Capital opened 13 new positions and closed 9 in Q2 2014.
- Long Pond Capital's portfolio value rose 45% quarter-over-quarter to $1.46B.
Based on Long Pond Capital's 13F filing for Q2 2014, filed 13 Aug 2014.