Argosy-Lionbridge Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Argosy-Lionbridge Management, LLC reported 12 stock positions worth $149.9 million. Its top holding was Elme Communities (ELME) at 26.7% of the portfolio, followed by First Industrial Realty TR (FR, 17.2%) and Apartment Invt & Mgmt Class A (AIV, 15.1%). Compared with Q4 2024, it opened 2 new positions, sold out of 2, added to 5 and reduced 4. The biggest buy was Elme Communities (ELME, shares +39%) and the biggest sale First Industrial Realty TR (FR, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- WAYNE, PA
- CIK
- 0002056354
- Portfolio Value
- $149.9M (Q1 2025)
- SEC Filing
- 0001795816-25-000005 ↗ filed May 15, 2025
Holdings Value
Holdings 12 stocks · $149.9M
| ELME Elme Communities | 26.65% | 2,295,674 | $39.9M | Add +38.7% |
| FR First Industrial Realty TR | 17.16% | 476,541 | $25.7M | Reduce -9.7% |
| AIV Apartment Invt & Mgmt Co. Class A | 15.13% | 2,577,650 | $22.7M | Add +10.4% |
| REXR Rexford Industrial Realty Inc. | 12.97% | 496,722 | $19.4M | Add +16.0% |
| VRE Veris Residential Inc. | 12.74% | 1,128,471 | $19.1M | Reduce -1.4% |
| INVH Invitation Homes Inc. | 4.90% | 210,895 | $7.3M | Add +1.1% |
| DBRG Digitalbridge Group Inc. | 2.94% | 500,217 | $4.4M | Reduce -0.7% |
| COLD Americold Realty Trust Inc. | 2.36% | 165,000 | $3.5M | Add +17.9% |
| BXMT Blackstone Mortgage Tru Class A | 2.30% | 172,460 | $3.4M | No change |
| LEN Lennar Corp. Class A | 1.84% | 24,050 | $2.8M | New |
| STWD Starwood Property Trust Inc. | 0.73% | 55,000 | $1.1M | Reduce -15.4% |
| KRG Kite Realty Group Trust | 0.27% | 17,800 | $398K | New |
Portfolio Sells Q4 2024 → Q1 2025
| FR First Industrial Realty TR | Reduce -9.7% | 17.16% | −3.22 |
| VRE Veris Residential Inc. | Reduce -1.4% | 12.74% | −1.92 |
| DBRG Digitalbridge Group Inc. | Reduce -0.7% | 2.94% | −1.43 |
| IRT Independence Realty Trust Inc. | Sold out | 0.00% | −0.87 |
| ALX Alexander's Inc. | Sold out | 0.00% | −0.43 |
| STWD Starwood Property Trust Inc. | Reduce -15.4% | 0.73% | −0.22 |
Portfolio Buys Q4 2024 → Q1 2025
| ELME Elme Communities | Add +38.7% | 26.65% | +7.18 |
| LEN Lennar Corp. Class A | New | 1.84% | +1.84 |
| KRG Kite Realty Group Trust | New | 0.27% | +0.27 |
| REXR Rexford Industrial Realty Inc. | Add +16.0% | 12.97% | +0.22 |
| COLD Americold Realty Trust Inc. | Add +17.9% | 2.36% | +0.05 |
| INVH Invitation Homes Inc. | Add +1.1% | 4.90% | −0.24 |
| AIV Apartment Invt & Mgmt Co. Class A | Add +10.4% | 15.13% | −1.22 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 20 | $159.1M | IRT, BN, FCPT, ELS, CPT |
| Q1 2026 | 14 | $142.5M | IRT, REXR, FR, BN, FCPT |
| Q4 2025 | 14 | $158.2M | IRT, FR, REXR, LEN, ELME |
| Q3 2025 | 14 | $152.0M | REXR, AIV, ELME, FR, LEN |
| Q2 2025 | 12 | $144.7M | ELME, AIV, REXR, FR, LEN |
| Q1 2025 | 12 | $149.9M | ELME, FR, AIV, REXR, VRE |
| Q4 2024 | 12 | $129.8M | FR, ELME, AIV, VRE, REXR |