LDR Capital Management LLC's Q2 2023 13F: 1 new position, 3 exits

Form 13F-HR for the quarter ended Jun 30, 2023 · filed Aug 7, 2023 · 34 reported positions · accession 0001172661-23-002794

View the filing on SEC.gov

What changed this quarter

Activity Security Weight before Weight now Change Shares Shares %
Reduced GAMING & LEISURE PPTYS INC (GLPI) 3.9% 1.9% −2.0 pts −51,886 sh −45%
Exited PHILLIPS EDISON & CO INC (PECO) 0.7% — −0.7 pts −34,597 sh −100%
Exited RYMAN HOSPITALITY PPTYS INC (RHP) 0.7% — −0.7 pts −12,363 sh −100%
Exited ALEXANDERS INC (ALX) 0.7% — −0.7 pts −5,302 sh −100%
Increased STARWOOD PPTY TR INC (STWD) 0.3% 0.9% +0.7 pts +55,042 sh +238%
Increased BLACKSTONE MTG TR INC (BXMT) 20.0% 22.5% +2.5 pts +37,336 sh +2%
Increased HEALTHPEAK PROPERTIES INC (PEAK) 2.3% 2.4% +0.1 pts +35,374 sh +22%
Increased SL GREEN RLTY CORP (SLG) 10.4% 12.9% +2.6 pts +21,398 sh +3%
New READY CAPITAL CORP (RCA) — 0.4% +0.4 pts +22,455 sh new
Reduced CENTURY CMNTYS INC (CCS) 0.8% 0.7% −0.2 pts −5,501 sh −29%
Increased KITE RLTY GROUP TR (KRG) 1.0% 1.2% +0.2 pts +15,092 sh +21%
Increased SELECT SECTOR SPDR TR (XLRE) 2.1% 2.2% +0.1 pts +8,727 sh +10%
Reduced VERIS RESIDENTIAL INC (VRE) 1.6% 1.5% −0.1 pts −20,443 sh −12%
Increased HEALTHCARE RLTY TR (HR) 2.9% 2.8% 0.0 pts +16,141 sh +7%
Reduced STAG INDL INC (STAG) 2.3% 2.1% −0.2 pts −8,284 sh −8%
Increased URBAN EDGE PPTYS (UE) 2.4% 2.4% +0.1 pts +16,617 sh +7%
Increased KENNEDY-WILSON HOLDINGS INC (KW) 2.5% 2.5% 0.0 pts +14,514 sh +6%
Reduced RPT REALTY (RPTPRD) 9.6% 9.3% −0.4 pts −3,497 sh −1%
Increased APARTMENT INCOME REIT CORP (AIRC) 2.3% 2.3% 0.0 pts +4,491 sh +5%
Reduced ALEXANDER & BALDWIN INC NEW (ALEX) 1.7% 1.5% −0.2 pts −8,559 sh −6%
Reduced UMH PPTYS INC (UMH) 2.2% 2.2% 0.0 pts −4,556 sh −2%
Reduced BRIXMOR PPTY GROUP INC (BRX) 2.2% 2.0% −0.1 pts −3,168 sh −2%
Reduced HOWARD HUGHES CORP (HHC) 0.9% 0.8% −0.1 pts −853 sh −5%
Reduced EPR PPTYS (EPRPRE) 5.5% 5.5% +0.1 pts −1,126 sh 0%
Reduced BRANDYWINE RLTY TR (BDN) 1.2% 1.1% −0.1 pts −6,700 sh −2%
Reduced INDEPENDENCE RLTY TR INC (IRT) 0.7% 0.7% 0.0 pts −1,630 sh −3%
Reduced EPR PPTYS (EPRPRC) 3.8% 4.2% +0.4 pts −1,165 sh 0%
Increased HERSHA HOSPITALITY TR (HT) 0.8% 0.7% −0.1 pts +3,068 sh +2%
Reduced SPIRIT RLTY CAP INC NEW (SRC) 4.3% 4.0% −0.3 pts −356 sh 0%
Reduced RLJ LODGING TR (RLJPRA) 4.8% 4.4% −0.4 pts −365 sh 0%
Reduced GLOBAL NET LEASE INC (GNL) 0.9% 0.7% −0.2 pts −501 sh 0%
Reduced BRAEMAR HOTELS & RESORTS INC (BHRPRB) 1.4% 1.2% −0.2 pts −355 sh 0%
Increased DIAMONDROCK HOSPITALITY CO (DRH) 0.1% 0.1% 0.0 pts +96 sh +1%

Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled

Top 10 positions — 70.5% of the equity book

Changes in the top 10 this quarter: UE entered · GLPI left

# Security Weight before Weight now
1 BLACKSTONE MTG TR INC (BXMT) 20.0% 22.5%
2 SL GREEN RLTY CORP (SLG) 10.4% 12.9%
3 RPT REALTY (RPTPRD) 9.6% 9.3%
4 EPR PPTYS (EPRPRE) 5.5% 5.5%
5 RLJ LODGING TR (RLJPRA) 4.8% 4.4%
6 EPR PPTYS (EPRPRC) 3.8% 4.2%
7 SPIRIT RLTY CAP INC NEW (SRC) 4.3% 4.0%
8 HEALTHCARE RLTY TR (HR) 2.9% 2.8%
9 KENNEDY-WILSON HOLDINGS INC (KW) 2.5% 2.5%
10 URBAN EDGE PPTYS (UE) 2.4% 2.4% Entered the top 10
— GAMING & LEISURE PPTYS INC (GLPI) 3.9% 1.9% Left the top 10

Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).