Q1 2026 · 13F-HR
Sophron Capital Management L.P.holdings as filed
Filed 2026-05-15 · accession 0001214659-26-006471
$339.4M
Reported value
41
Positions
2026-03-31
Period end
The Brief · Sophron Capital Management L.P. · Q1 2026
AI · grounded in 13F
Sophron Capital Management L.P. closed its position in T86 for a reduction of $10.5M. The fund also exited positions in REG and KIM, totaling over $9.4M in sales. To offset these exits, the fund established new positions in HST for $6.8M and LXP for $5.8M, while increasing its stake in LEN by 476.4%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 053484101 | AVB | AVALONBAY CMNTYS INC | $19.5M | 5.74% | 119,163 | Common | SOLE |
| 297178105 | ESS | ESSEX PPTY TR INC | $19.1M | 5.64% | 79,068 | Common | SOLE |
| 008492100 | ADC | AGREE RLTY CORP | $18.9M | 5.57% | 250,917 | Common | SOLE |
| 526057104 | LEN | LENNAR CORP | $17.7M | 5.23% | 204,268 | Common | SOLE |
| 29476L107 | EQR | EQUITY RESIDENTIAL | $15.2M | 4.49% | 257,495 | Common | SOLE |
| 59001A102 | MTH | MERITAGE HOMES CORP | $14.5M | 4.29% | 235,255 | Common | SOLE |
| 71844V201 | PECO | PHILLIPS EDISON & CO INC | $14.4M | 4.23% | 383,746 | Common | SOLE |
| 35086T109 | FCPT | FOUR CORNERS PPTY TR INC | $13.9M | 4.11% | 589,561 | Common | SOLE |
| 902653104 | UDR | UDR INC | $13.0M | 3.84% | 385,812 | Common | SOLE |
| 36467J108 | GLPI | GAMING & LEISURE P | $12.7M | 3.73% | 285,340 | Common | SOLE |
| 169905106 | CHH | CHOICE HOTELS INTL INC | $12.5M | 3.68% | 120,683 | Common | SOLE |
| 76169C100 | REXR | REXFORD INDL RLTY INC | $11.7M | 3.45% | 357,439 | Common | SOLE |
| 02665T306 | AMH | AMERICAN HOMES 4 RENT | $11.4M | 3.35% | 407,586 | Common | SOLE |
| 78377T107 | RHP | RYMAN HOSPITALITY PPTYS INC | $11.0M | 3.25% | 119,704 | Common | SOLE |
| 229663109 | CUBE | CUBESMART | $9.1M | 2.68% | 248,221 | Common | SOLE |
| 29472R108 | ELS | EQUITY LIFESTYLE PROPERTIES | $9.0M | 2.66% | 144,735 | Common | SOLE |
| 78410G104 | SBAC | SBA COMMUNICATIONS CORP | $8.8M | 2.59% | 51,089 | Common | SOLE |
| 252784301 | DRH | DIAMONDROCK HOSPITALITY CO | $7.9M | 2.32% | 841,993 | Common | SOLE |
| 46187W107 | INVH | INVITATION HOMES INC | $7.9M | 2.32% | 317,269 | Common | SOLE |
| 74460D109 | PSA | PUBLIC STORAGE OPER CO | $7.8M | 2.31% | 28,889 | Common | SOLE |
| 277276101 | EGP | EASTGROUP PPTYS INC | $7.8M | 2.30% | 42,127 | Common | SOLE |
| 925652109 | VICI | VICI PPTYS INC | $7.3M | 2.15% | 266,763 | Common | SOLE |
| 44107P104 | HST | HOST HOTELS & RESORTS INC | $6.9M | 2.02% | 358,267 | Common | SOLE |
| 98311A105 | WH | WYNDHAM HOTELS & RESORTS INC | $6.9M | 2.02% | 84,358 | Common | SOLE |
| 529043408 | LXP | LXP INDUSTRIAL TRUST | $5.9M | 1.73% | 127,219 | Common | SOLE |
| 253868103 | DLR | DIGITAL RLTY TR INC | $5.5M | 1.62% | 30,457 | Common | SOLE |
| 637417106 | NNN | NNN REIT INC | $5.1M | 1.50% | 121,122 | Common | SOLE |
| 11135E203 | BNL | BROADSTONE NET LEASE INC | $4.7M | 1.38% | 256,949 | Common | SOLE |
| 30225T102 | EXR | EXTRA SPACE STORAGE INC | $4.3M | 1.26% | 32,701 | Common | SOLE |
| 22822V101 | CCI | CROWN CASTLE INC | $3.9M | 1.15% | 47,931 | Common | SOLE |
| 313745101 | FRT | FEDERAL RLTY INVT TR NEW | $3.7M | 1.10% | 35,021 | Common | SOLE |
| 03027X100 | AMT | AMERICAN TOWER CORP | $3.7M | 1.08% | 21,212 | Common | SOLE |
| 42250P103 | DOC | HEALTHPEAK PROPERTIES INC | $3.6M | 1.07% | 221,423 | Common | SOLE |
| 45378A106 | IRT | INDEPENDENCE RLTY TR INC | $3.1M | 0.93% | 211,234 | Common | SOLE |
| 63633D104 | NHI | NATIONAL HEALTH INVS INC | $2.9M | 0.84% | 35,414 | Common | SOLE |
| 471024109 | JAN | JANUS LIVING INC | $2.4M | 0.69% | 100,042 | Common | SOLE |
| 866674104 | SUI | SUN CMNTYS INC | $1.8M | 0.54% | 14,571 | Common | SOLE |
| 146280508 | SILA | SILA REALTY TRUST INC | $1.4M | 0.42% | 59,811 | Common | SOLE |
| 431284108 | HIW | HIGHWOODS PPTYS INC | $1.1M | 0.31% | 49,717 | Common | SOLE |
| 03762U105 | ARI | APOLLO COML REAL ESTATE FIN | $744,311 | 0.22% | 70,484 | Common | SOLE |
| 85254J102 | STAG | STAG INDUSTRIAL INC | $630,798 | 0.19% | 17,493 | 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.