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Asset Manager ← All Institutions

Masterton Capital Management, LP

Q4 2025 · Filed 2026-02-17
Market Value
$143M
-21.4%
Holdings
25
-5
New Purchases
4
Added To
4
Closed
3
Reduced
11
Top 10 Concentration
75.9%
Turnover
28.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EQR 14.77% 10.89% +3.89% $21M
CHEF 5.27% 2.24% +3.03% $8M
UDR 1.75% 0.00% +1.75% $3M
TXRH 1.63% 0.00% +1.63% $2M
APLE 4.39% 2.84% +1.55% $6M
KIM 4.85% 3.42% +1.44% $7M
AMH 7.85% 6.72% +1.13% $11M
SKT 3.74% 2.98% +0.76% $5M
PSA 9.40% 8.68% +0.72% $13M
PFGC 5.74% 5.22% +0.52% $8M
BXP 3.41% 2.95% +0.46% $5M
CHH 0.43% 0.00% +0.43% $619K
WH 0.41% 0.00% +0.41% $582K
INVH 7.33% 7.00% +0.32% $11M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TREX 1.17% 4.40% -3.23% $2M
BURL 4.12% 6.60% -2.48% $6M
MCD 1.93% 4.05% -2.12% $3M
PLD 2.22% 4.28% -2.05% $3M
ROST 0.71% 2.32% -1.61% $1M
FRT 12.19% 13.64% -1.45% $17M
VICI 0.00% 1.44% -1.44% $0
AVB 0.00% 1.33% -1.33% $0
EXR 3.07% 4.26% -1.18% $4M
DHI 0.00% 0.83% -0.83% $0
TRNO 3.62% 3.91% -0.30% $5M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $3M 1.9%
Large Cap 16 $109M 75.6%
Mid Cap 8 $32M 22.4%

Portfolio Analytics

Avg Market Cap
$31.0B
Median Market Cap
$14.7B
Avg P/E
26.5
Median P/E
26.3
Avg Dividend Yield
0.03%
Avg Beta
0.98
# Stocks
25
# ETFs / Funds
0

Top Holdings (25 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 EQR 14.77% 336,187 $21M $63.04 $1M +29,363 +9.6%
2 FRT 12.19% 173,546 $17M $100.80 -$7M -72,100 -29.4%
3 PSA 9.40% 51,982 $13M $259.50 -$2M -2,860 -5.2%
4 AMH 7.85% 350,715 $11M $32.10 -$992K -17,700 -4.8%
5 INVH 7.33% 378,265 $11M $27.79 -$2M -57,314 -13.2%
6 PFGC 5.74% 91,587 $8M $89.92 -$1M
7 CHEF 5.27% 121,200 $8M $62.33 $3M +51,300 +73.4%
8 KIM 4.85% 343,513 $7M $20.27 $731K +58,300 +20.4%
9 APLE 4.39% 531,000 $6M $11.85 $1M +99,800 +23.1%
10 BURL 4.12% 20,462 $6M $288.85 -$6M -26,820 -56.7%
11 SKT 3.74% 160,600 $5M $33.37 -$75K
12 TRNO 3.62% 88,380 $5M $58.71 -$2M -37,420 -29.8%
13 BXP 3.41% 72,500 $5M $67.48 -$497K
14 EXR 3.07% 33,850 $4M $130.22 -$3M -21,250 -38.6%
15 PLD 2.22% 25,000 $3M $127.66 -$5M -43,100 -63.3%
16 MCD 1.93% 9,060 $3M $305.63 -$5M -15,240 -62.7%
17 UDR 1.75% 68,400 $3M $36.68 +68,400 NEW
18 TXRH 1.63% 14,100 $2M $166.00 +14,100 NEW
19 TREX 1.17% 47,811 $2M $35.08 -$6M -107,400 -69.2%
20 ROST 0.71% 5,632 $1M $180.14 -$3M -22,100 -79.7%
21 CHH 0.43% 6,500 $619K $95.26 +6,500 NEW
22 WH 0.41% 7,700 $582K $75.56 +7,700 NEW
23 AVB —% -$2M -12,600 -100.0% SOLD
24 VICI —% -$3M -80,817 -100.0% SOLD
25 DHI —% -$2M -8,963 -100.0% SOLD

New Positions

SymbolValue% Port
UDR $3M 1.75%
TXRH $2M 1.63%
CHH $619K 0.43%
WH $582K 0.41%

Sold Out Positions

SymbolValue% Port
AVB —%
VICI —%
DHI —%
View SEC EDGAR Filings for Masterton Capital Management, LP →

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