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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
-2.54%
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
$1.86B
AUM Growth
+$228M
(+14%)
Cap. Flow
+$319M
Cap. Flow
% of AUM
17.13%
Top 10 Holdings %
Top 10 Hldgs %
59.16%
Holding
51
New
13
Increased
9
Reduced
15
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SAFE
Safehold
SAFE
|
+$164M |
| 2 |
Healthpeak Properties
DOC
|
+$132M |
| 3 |
Mid-America Apartment Communities
MAA
|
+$104M |
| 4 |
CBRE Group
CBRE
|
+$78.6M |
| 5 |
American Homes 4 Rent
AMH
|
+$54.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UDR
UDR
|
+$73.4M |
| 2 |
LSI
Life Storage, Inc.
LSI
|
+$68.3M |
| 3 |
Kilroy Realty
KRC
|
+$47.9M |
| 4 |
SAFE
Safehold Inc.
SAFE
|
+$26.1M |
| 5 |
Madison Square Garden
MSGS
|
+$23.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 87.38% |
| 2 | Consumer Discretionary | 8.62% |
| 3 | Consumer Staples | 2.91% |
| 4 | Communication Services | 1.03% |
| 5 | Technology | 0.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Camden Property Trust
CPT
$11B
| $147M | 7.9% |
1,404,074
+455,794
| +48% | +$52M |
|
|
SRC
2
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $138M | 7.41% |
3,462,484
+1,151,057
| +50% | +$47.6M |
|
|
JBGS
3
JBG SMITH
JBGS
$818M
| $129M | 6.92% |
8,563,454
+40,738
| +0.5% | +$722K |
|
4
AvalonBay Communities
AVB
$26.5B
| $118M | 6.33% |
702,039
-65,785
| -9% | -$11.2M |
|
|
5
Healthpeak Properties
DOC
$15.1B
| $117M | 6.28% |
+5,320,574
| New | +$132M |
|
|
6
Mid-America Apartment Communities
MAA
$15.4B
| $99.4M | 5.34% |
+658,290
| New | +$104M |
|
|
SAFE
7
Safehold
SAFE
$1.16B
| $95.7M | 5.14% |
+3,259,359
| New | +$164M |
|
8
LXP Industrial Trust
LXP
$3.57B
| $90.4M | 4.85% |
1,752,671
+89,392
| +5% | +$4.78M |
|
|
9
American Homes 4 Rent
AMH
$12B
| $90M | 4.83% |
2,863,268
+1,702,707
| +147% | +$54.3M |
|
10
Independence Realty Trust
IRT
$3.92B
| $77.5M | 4.16% |
4,836,496
-401,038
| -8% | -$7.03M |
|
11
Equity Residential
EQR
$24.9B
| $73.3M | 3.93% |
1,221,653
+147,730
| +14% | +$9.07M |
|
12
Forestar Group
FOR
$1.44B
| $72.8M | 3.91% |
4,681,873
| – | – |
|
|
13
CBRE Group
CBRE
$42.5B
| $70M | 3.76% |
+962,031
| New | +$78.6M |
|
14
D.R. Horton
DHI
$40B
| $58.4M | 3.14% |
598,153
-8,235
| -1% | -$785K |
|
15
Fomento Económico Mexicano
FMX
$43.6B
| $54.3M | 2.91% |
570,026
-85,856
| -13% | -$7.51M |
|
16
Marriott Vacations Worldwide
VAC
$3.35B
| $53.4M | 2.86% |
395,659
+63,898
| +19% | +$9.48M |
|
17
STAG Industrial
STAG
$7.38B
| $44.9M | 2.41% |
1,327,839
-181,200
| -12% | -$6.18M |
|
18
Essential Properties Realty Trust
EPRT
$6.77B
| $44.8M | 2.41% |
1,804,763
+1,025,000
| +131% | +$25.3M |
|
|
VRE
19
DELISTED
Veris Residential
VRE
| $42.5M | 2.28% |
+2,902,553
| New | +$46.3M |
|
|
AIV
20
Aimco
AIV
$387M
| $40.3M | 2.16% |
5,239,975
-570,391
| -10% | -$4.25M |
|
21
First Industrial Realty Trust
FR
$8.73B
| $36M | 1.93% |
676,889
| – | – |
|
22
Melco Resorts & Entertainment
MLCO
$2.22B
| $23M | 1.23% |
1,803,063
-410,000
| -19% | -$5.28M |
|
|
23
Madison Square Garden
MSGS
$9.48B
| $19.2M | 1.03% |
98,673
-125,000
| -56% | -$23.3M |
|
|
AIRC
24
DELISTED
Apartment Income REIT Corp.
AIRC
| $18M | 0.97% |
502,485
-367,424
| -42% | -$13.5M |
|
25
Hilton Grand Vacations
HGV
$3.62B
| $15M | 0.8% |
337,319
-121,578
| -26% | -$5.51M |
|
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Long Pond Capital's Q1 2023 Portfolio in Review
As of Q1 2023, Long Pond Capital held 51 positions worth $1.86B, up 14% from $1.63B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Long Pond Capital deployed $319M of net new capital in Q1 2023, opening 13 new positions and adding to 9 existing holdings. Its largest new stake was Safehold: 3,259,359 shares worth $95.7M.
By sector, the portfolio is most concentrated in Real Estate at 87% of assets, up from 77% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
On the sell side, the largest reduction was Life Storage, Inc., an estimated $68.3M trimmed.
- Long Pond Capital's largest Q1 2023 buy was Safehold: 3,259,359 shares worth $95.7M.
- Long Pond Capital added most to American Homes 4 Rent in Q1 2023, an estimated $54.3M increase.
- Long Pond Capital's biggest Q1 2023 reduction was Life Storage, Inc., cutting an estimated $68.3M.
- Long Pond Capital fully exited UDR in Q1 2023, selling an estimated $73.4M.
- Long Pond Capital's ten largest holdings make up 59% of its $1.86B portfolio in Q1 2023.
- Long Pond Capital opened 13 new positions and closed 12 in Q1 2023.
- Long Pond Capital's portfolio value rose 14% quarter-over-quarter to $1.86B.
Based on Long Pond Capital's 13F filing for Q1 2023, filed 15 May 2023.