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HGI Capital Management, LLC

Q2 2025 · Filed 2025-08-12
Market Value
$74M
-3.5%
Holdings
31
+3
New Purchases
10
Added To
6
Closed
8
Reduced
7
Top 10 Concentration
53.1%
Turnover
58.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DLR 5.71% 0.00% +5.71% $4M
ESRT 5.42% 0.00% +5.42% $4M
INVH 4.89% 0.00% +4.89% $4M
HST 4.67% 0.00% +4.67% $3M
KRG 4.62% 0.00% +4.62% $3M
ELS 3.97% 0.00% +3.97% $3M
PLD 3.13% 0.00% +3.13% $2M
EXR 5.39% 2.34% +3.05% $4M
EQIX 2.98% 0.00% +2.98% $2M
ADC 2.59% 0.00% +2.59% $2M
UDR 5.94% 3.98% +1.96% $4M
PSA 5.39% 4.14% +1.25% $4M
RLJ 1.14% 0.00% +1.14% $843K
VNO 4.60% 4.21% +0.39% $3M
CPT 4.82% 4.44% +0.38% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
WD 0.00% 5.56% -5.56% $0
WSR 0.00% 5.04% -5.04% $0
SLG 0.00% 4.71% -4.71% $0
FR 4.36% 8.74% -4.39% $3M
VICI 3.64% 8.01% -4.38% $3M
SUI 0.00% 3.87% -3.87% $0
VTR 4.22% 7.94% -3.73% $3M
EQR 5.42% 9.05% -3.63% $4M
VRE 2.13% 5.64% -3.51% $2M
PEB 0.00% 2.62% -2.62% $0
AHRT 0.00% 2.21% -2.21% $0
DRH 0.00% 1.19% -1.19% $0
NMRK 4.82% 5.55% -0.73% $4M
IYR 0.00% 0.34% -0.34% $0
ESS 5.07% 5.24% -0.17% $4M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 16 $52M 70.3%
Mid Cap 8 $15M 21.0%
Small Cap 7 $6M 8.7%

Portfolio Analytics

Avg Market Cap
$22.0B
Median Market Cap
$10.8B
Avg P/E
33.4
Median P/E
26.1
Avg Dividend Yield
0.04%
Avg Beta
1.05
# Stocks
30
# ETFs / Funds
1

Top Holdings (31 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 UDR 5.94% 107,355 $4M $40.83 $1M +39,946 +59.3%
2 DLR 5.71% 24,179 $4M $174.33 +24,179 NEW
3 ESRT 5.42% 494,696 $4M $8.09 +494,696 NEW
4 EQR 5.42% 59,254 $4M $67.49 -$3M -37,445 -38.7%
5 PSA 5.39% 13,557 $4M $293.42 $814K +2,985 +28.2%
6 EXR 5.39% 26,977 $4M $147.44 $2M +14,949 +124.3%
7 CBRE 5.08% 26,754 $4M $140.12 -$199K -3,432 -11.4%
8 ESS 5.07% 13,207 $4M $283.40 -$266K +129 +1.0%
9 INVH 4.89% 110,106 $4M $32.80 +110,106 NEW
10 CPT 4.82% 31,590 $4M $112.69 $161K +3,798 +13.7%
11 NMRK 4.82% 292,757 $4M $12.15 -$688K -56,084 -16.1%
12 HST 4.67% 224,577 $3M $15.36 +224,577 NEW
13 KRG 4.62% 150,618 $3M $22.65 +150,618 NEW
14 VNO 4.60% 88,686 $3M $38.24 $173K +1,689 +1.9%
15 FR 4.36% 66,835 $3M $48.13 -$3M -57,093 -46.1%
16 VTR 4.22% 49,265 $3M $63.15 -$3M -39,072 -44.2%
17 ELS 3.97% 47,474 $3M $61.67 +47,474 NEW
18 VICI 3.64% 82,312 $3M $32.60 -$3M -105,566 -56.2%
19 PLD 3.13% 21,953 $2M $105.12 +21,953 NEW
20 EQIX 2.98% 2,762 $2M $795.47 +2,762 NEW
21 ADC 2.59% 26,176 $2M $73.06 +26,176 NEW
22 VRE 2.13% 105,494 $2M $14.89 -$3M -149,411 -58.6%
23 RLJ 1.14% 115,818 $843K $7.28 +115,818 NEW
24 WD —% -$4M -49,817 -100.0% SOLD
25 DRH —% -$909K -117,754 -100.0% SOLD
26 SUI —% -$3M -22,990 -100.0% SOLD
27 WSR —% -$4M -264,334 -100.0% SOLD
28 IYR —% -$263K -2,751 -100.0% SOLD
29 SLG —% -$4M -62,406 -100.0% SOLD
30 PEB —% -$2M -198,041 -100.0% SOLD
31 AHRT —% -$2M -225,072 -100.0% SOLD

New Positions

SymbolValue% Port
DLR $4M 5.71%
ESRT $4M 5.42%
INVH $4M 4.89%
HST $3M 4.67%
KRG $3M 4.62%
ELS $3M 3.97%
PLD $2M 3.13%
EQIX $2M 2.98%
ADC $2M 2.59%
RLJ $843K 1.14%

Sold Out Positions

SymbolValue% Port
AHRT —%
WD —%
WSR —%
SLG —%
SUI —%
PEB —%
DRH —%
IYR —%
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