Argosy-Lionbridge Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Argosy-Lionbridge Management, LLC reported 14 stock positions worth $152.0 million. Its top holding was Rexford Industrial Realty (REXR) at 16.4% of the portfolio, followed by Apartment Invt & Mgmt Class A (AIV, 15.2%) and Elme Communities (ELME, 14.1%). Compared with Q2 2025, it opened 3 new positions, sold out of 1, added to 4 and reduced 6. The biggest buy was a new position in Independence Realty Trust (IRT) and the biggest sale Elme Communities (ELME, shares −36%).
- Most Recent 13F
- Q2 2026
- Location
- WAYNE, PA
- CIK
- 0002056354
- Portfolio Value
- $152.0M (Q3 2025)
- SEC Filing
- 0002056354-25-000006 ↗ filed Nov 14, 2025
Holdings Value
Holdings 14 stocks · $152.0M
| REXR Rexford Industrial Realty Inc. | 16.36% | 604,839 | $24.9M | No change |
| AIV Apartment Invt & Mgmt Co. Class A | 15.19% | 2,913,134 | $23.1M | Add +8.2% |
| ELME Elme Communities | 14.11% | 1,272,442 | $21.5M | Reduce -35.5% |
| FR First Industrial Realty TR | 13.68% | 404,061 | $20.8M | Reduce -1.2% |
| LEN Lennar Corp. Class A | 12.88% | 155,420 | $19.6M | Add +21.7% |
| IRT Independence Realty Trust Inc. | 8.03% | 744,935 | $12.2M | New |
| H Hyatt Hotels Corp. Class A | 6.02% | 64,500 | $9.2M | Reduce -29.3% |
| KRG Kite Realty Group Trust | 3.49% | 237,800 | $5.3M | Add +25.3% |
| AAT American Assets Trust Inc. | 2.87% | 214,863 | $4.4M | New |
| VRE Veris Residential Inc. | 2.65% | 265,413 | $4.0M | Reduce -58.4% |
| ELS Equity Lifestyle Properties | 2.44% | 61,000 | $3.7M | New |
| STWD Starwood Property Trust Inc. | 1.31% | 102,566 | $2.0M | Add +286.1% |
| DBRG Digitalbridge Group Inc. | 0.50% | 64,535 | $755K | Reduce -86.2% |
| BXMT Blackstone Mortgage Tru Class A | 0.47% | 38,836 | $715K | Reduce -2.5% |
Portfolio Sells Q2 2025 → Q3 2025
| ELME Elme Communities | Reduce -35.5% | 14.11% | −7.57 |
| VRE Veris Residential Inc. | Reduce -58.4% | 2.65% | −3.91 |
| DBRG Digitalbridge Group Inc. | Reduce -86.2% | 0.50% | −2.85 |
| H Hyatt Hotels Corp. Class A | Reduce -29.3% | 6.02% | −2.79 |
| COLD Americold Realty Trust Inc. | Sold out | 0.00% | −1.38 |
| BXMT Blackstone Mortgage Tru Class A | Reduce -2.5% | 0.47% | −0.06 |
| FR First Industrial Realty TR | Reduce -1.2% | 13.68% | +0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| IRT Independence Realty Trust Inc. | New | 8.03% | +8.03 |
| LEN Lennar Corp. Class A | Add +21.7% | 12.88% | +3.12 |
| AAT American Assets Trust Inc. | New | 2.87% | +2.87 |
| ELS Equity Lifestyle Properties | New | 2.44% | +2.44 |
| STWD Starwood Property Trust Inc. | Add +286.1% | 1.31% | +0.94 |
| KRG Kite Realty Group Trust | Add +25.3% | 3.49% | +0.52 |
| AIV Apartment Invt & Mgmt Co. Class A | Add +8.2% | 15.19% | −0.91 |
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 |