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HGI Capital Management, LLC

Q1 2025 · Filed 2025-05-14
Market Value
$76M
-18.8%
Holdings
28
+6
New Purchases
11
Added To
3
Closed
7
Reduced
7
Top 10 Concentration
65.9%
Turnover
64.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VICI 8.01% 0.00% +8.01% $6M
FR 8.74% 1.95% +6.79% $7M
WD 5.56% 0.00% +5.56% $4M
ESS 5.24% 0.00% +5.24% $4M
SLG 4.71% 0.00% +4.71% $4M
VNO 4.21% 0.00% +4.21% $3M
PSA 4.14% 0.00% +4.14% $3M
UDR 3.98% 0.00% +3.98% $3M
SUI 3.87% 0.00% +3.87% $3M
EXR 2.34% 0.00% +2.34% $2M
AHRT 2.21% 0.00% +2.21% $2M
NMRK 5.55% 3.39% +2.17% $4M
VTR 7.94% 6.08% +1.87% $6M
EQR 9.05% 7.83% +1.22% $7M
CBRE 5.16% 3.99% +1.17% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
WRE 0.00% 34.74% -34.74% $0
INVH 0.00% 6.91% -6.91% $0
COLD 0.00% 4.97% -4.97% $0
HST 0.00% 4.82% -4.82% $0
LEN 0.00% 1.92% -1.92% $0
WSR 5.04% 6.38% -1.34% $4M
CPT 4.44% 5.56% -1.12% $3M
LINE 0.00% 1.03% -1.03% $0
DRH 1.19% 2.08% -0.89% $909K
PEB 2.62% 3.46% -0.84% $2M
STRW 0.00% 0.17% -0.17% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 13 $41M 54.2%
Mid Cap 8 $19M 24.7%
Small Cap 6 $16M 21.1%
Micro Cap 1 $0 0.0%

Portfolio Analytics

Avg Market Cap
$13.6B
Median Market Cap
$8.8B
Avg P/E
28.0
Median P/E
24.5
Avg Dividend Yield
0.31%
Avg Beta
1.03
# Stocks
27
# ETFs / Funds
1

Top Holdings (28 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 EQR 9.05% 96,699 $7M $71.58 -$450K -6,026 -5.9%
2 FR 8.74% 123,928 $7M $53.96 $5M +87,248 +237.9%
3 VICI 8.01% 187,878 $6M $32.62 +187,878 NEW
4 VTR 7.94% 88,337 $6M $68.76 $354K -8,796 -9.1%
5 VRE 5.64% 254,905 $4M $16.92 -$122K -11,802 -4.4%
6 WD 5.56% 49,817 $4M $85.36 +49,817 NEW
7 NMRK 5.55% 348,841 $4M $12.17 $1M +100,049 +40.2%
8 ESS 5.24% 13,078 $4M $306.57 +13,078 NEW
9 CBRE 5.16% 30,186 $4M $130.78 $188K +1,552 +5.4%
10 WSR 5.04% 264,334 $4M $14.57 -$2M -159,406 -37.6%
11 SLG 4.71% 62,406 $4M $57.70 +62,406 NEW
12 CPT 4.44% 27,792 $3M $122.30 -$2M -17,339 -38.4%
13 VNO 4.21% 86,997 $3M $36.99 +86,997 NEW
14 PSA 4.14% 10,572 $3M $299.29 +10,572 NEW
15 UDR 3.98% 67,409 $3M $45.17 +67,409 NEW
16 SUI 3.87% 22,990 $3M $128.64 +22,990 NEW
17 PEB 2.62% 198,041 $2M $10.13 -$1M -42,340 -17.6%
18 EXR 2.34% 12,028 $2M $148.49 +12,028 NEW
19 AHRT 2.21% 225,072 $2M $7.51 +225,072 NEW
20 DRH 1.19% 117,754 $909K $7.72 -$1M -98,892 -45.6%
21 IYR 0.34% 2,751 $263K $95.75 +2,751 NEW
22 COLD —% -$5M -218,640 -100.0% SOLD
23 HST —% -$5M -258,887 -100.0% SOLD
24 LINE —% -$971K -16,571 -100.0% SOLD
25 INVH —% -$7M -203,391 -100.0% SOLD
26 STRW —% -$163K -15,486 -100.0% SOLD
27 WRE —% -$33M -2,141,094 -100.0% SOLD
28 LEN —% -$2M -13,257 -100.0% SOLD

New Positions

SymbolValue% Port
VICI $6M 8.01%
WD $4M 5.56%
ESS $4M 5.24%
SLG $4M 4.71%
VNO $3M 4.21%
PSA $3M 4.14%
UDR $3M 3.98%
SUI $3M 3.87%
EXR $2M 2.34%
AHRT $2M 2.21%
IYR $263K 0.34%

Sold Out Positions

SymbolValue% Port
COLD —%
LEN —%
INVH —%
HST —%
STRW —%
LINE —%
WRE —%
View SEC EDGAR Filings for HGI Capital Management, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms