Q4 2025 · 13F-HR
Long Pond Capital, LPholdings as filed
Filed 2026-02-13 · accession 0001172661-26-000802
$851.2M
Reported value
30
Positions
2025-12-31
Period end
The Brief · Long Pond Capital, LP · Q4 2025
AI · grounded in 13F
Long Pond Capital, LP exited its position in JHX, reducing exposure by $139.2M. The fund also closed positions in TMHC and AMH, while trimming shares of CPT by 97.2% and IRT by 91.9%. On the buy side, the fund established a new position in GLPI worth $44.4M and added new stakes in PRKS and WH.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 03064D108 | COLD | AMERICOLD REALTY TRUST INC | $74.9M | 8.80% | 5,824,989 | Common | SOLE |
| 637870106 | NSA | NATIONAL STORAGE AFFILIATES | $73.1M | 8.59% | 2,591,313 | Common | SOLE |
| 46590V100 | JBGS | JBG SMITH PPTYS | $70.5M | 8.29% | 4,147,399 | Common | SOLE |
| 87266M107 | TRTX | TPG RE FIN TR INC | $60.6M | 7.11% | 7,032,626 | Common | SOLE |
| 20464U100 | COMP | COMPASS INC | $52.9M | 6.21% | 5,000,000 | Common | SOLE |
| 866082100 | INN | SUMMIT HOTEL PPTYS INC | $45.8M | 5.38% | 9,400,000 | Common | SOLE |
| 74340W103 | PLD | PROLOGIS INC. | $44.7M | 5.25% | 350,000 | Common | SOLE |
| 36467J108 | GLPI | GAMING & LEISURE PPTYS INC | $44.4M | 5.22% | 993,810 | Common | SOLE |
| 12769G100 | CZR | CAESARS ENTERTAINMENT INC NE | $34.6M | 4.07% | 1,479,336 | Common | SOLE |
| 43283X105 | HGV | HILTON GRAND VACATIONS INC | $32.8M | 3.85% | 732,021 | Common | SOLE |
| 448579102 | H | HYATT HOTELS CORP | $32.6M | 3.83% | 203,489 | Common | SOLE |
| 81282V100 | PRKS | UNITED PARKS & RESORTS INC | $31.0M | 3.65% | 855,000 | Common | SOLE |
| 15202L107 | CSR | CENTERSPACE | $29.6M | 3.48% | 444,101 | Common | SOLE |
| 98311A105 | WH | WYNDHAM HOTELS & RESORTS INC | $25.5M | 3.00% | 337,800 | Common | SOLE |
| 053484101 | AVB | AVALONBAY CMNTYS INC | $25.4M | 2.98% | 140,000 | Common | SOLE |
| 65341D102 | NXRT | NEXPOINT RESIDENTIAL TR INC | $25.4M | 2.98% | 842,870 | Common | SOLE |
| 015271109 | ARE | ALEXANDRIA REAL ESTATE EQ IN | $23.5M | 2.76% | 479,200 | Common | SOLE |
| 45378A106 | IRT | INDEPENDENCE RLTY TR INC | $17.5M | 2.05% | 1,000,578 | Common | SOLE |
| 89531P105 | TREX | TREX CO INC | $17.0M | 2.00% | 484,286 | Common | SOLE |
| 78646V107 | SAFE | SAFEHOLD INC | $12.9M | 1.52% | 944,939 | Common | SOLE |
| 48251K100 | KREF | KKR REAL ESTATE FIN TR INC | $12.8M | 1.51% | 1,563,088 | Common | SOLE |
| 229663109 | CUBE | CUBESMART | $12.5M | 1.47% | 346,928 | Common | SOLE |
| 83193G107 | SMRT | SMARTRENT INC | $11.3M | 1.33% | 5,610,150 | Common | SOLE |
| 55305B101 | MHO | M/I HOMES INC | $9.1M | 1.07% | 71,096 | Common | SOLE |
| 53566V106 | LINE | LINEAGE INC | $6.4M | 0.76% | 184,158 | Common | SOLE |
| 78440X887 | SLG | SL GREEN RLTY CORP | $6.3M | 0.74% | 138,230 | Common | SOLE |
| 133131102 | CPT | CAMDEN PPTY TR | $5.9M | 0.69% | 53,679 | Common | SOLE |
| 59522J103 | MAA | MID-AMER APT CMNTYS INC | $5.5M | 0.65% | 39,723 | Common | SOLE |
| 867892101 | SHO | SUNSTONE HOTEL INVS INC NEW | $4.3M | 0.51% | 485,237 | Common | SOLE |
| 554489104 | VRE | VERIS RESIDENTIAL INC | $2.2M | 0.26% | 150,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.