Argosy-Lionbridge Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Argosy-Lionbridge Management, LLC reported 14 stock positions worth $158.2 million. Its top holding was Independence Realty Trust (IRT) at 17.0% of the portfolio, followed by First Industrial Realty TR (FR, 14.7%) and Rexford Industrial Realty (REXR, 13.2%). Compared with Q3 2025, it opened 2 new positions, sold out of 2, added to 5 and reduced 5. The biggest buy was Independence Realty Trust (IRT, shares +106%) and the biggest sale Apartment Invt & Mgmt Class A (AIV, shares −61%).
- Most Recent 13F
- Q2 2026
- Location
- WAYNE, PA
- CIK
- 0002056354
- Portfolio Value
- $158.2M (Q4 2025)
- SEC Filing
- 0002056354-26-000003 ↗ filed Feb 17, 2026
Holdings Value
Holdings 14 stocks · $158.2M
| IRT Independence Realty Trust Inc. | 16.98% | 1,536,859 | $26.9M | Add +106.3% |
| FR First Industrial Realty TR | 14.65% | 404,811 | $23.2M | Add +0.2% |
| REXR Rexford Industrial Realty Inc. | 13.19% | 538,661 | $20.9M | Reduce -10.9% |
| LEN Lennar Corp. Class A | 10.11% | 155,420 | $16.0M | No change |
| ELME Elme Communities | 7.67% | 697,708 | $12.1M | Reduce -45.2% |
| INVH Invitation Homes Inc. | 7.33% | 417,167 | $11.6M | New |
| FCPT Four Corners Property Trust | 6.94% | 476,260 | $11.0M | New |
| H Hyatt Hotels Corp. Class A | 4.56% | 45,000 | $7.2M | Reduce -30.2% |
| AIV Apartment Invt & Mgmt Co. Class A | 4.27% | 1,137,063 | $6.8M | Reduce -61.0% |
| ELS Equity Lifestyle Properties | 4.20% | 109,705 | $6.7M | Add +79.8% |
| KRG Kite Realty Group Trust | 3.60% | 235,000 | $5.7M | Reduce -1.2% |
| STWD Starwood Property Trust Inc. | 2.86% | 251,250 | $4.5M | Add +145.0% |
| AAT American Assets Trust Inc. | 2.57% | 214,863 | $4.1M | No change |
| BXMT Blackstone Mortgage Tru Class A | 1.07% | 88,836 | $1.7M | Add +128.8% |
Portfolio Sells Q3 2025 → Q4 2025
| AIV Apartment Invt & Mgmt Co. Class A | Reduce -61.0% | 4.27% | −10.93 |
| ELME Elme Communities | Reduce -45.2% | 7.67% | −6.44 |
| REXR Rexford Industrial Realty Inc. | Reduce -10.9% | 13.19% | −3.17 |
| VRE Veris Residential Inc. | Sold out | 0.00% | −2.65 |
| H Hyatt Hotels Corp. Class A | Reduce -30.2% | 4.56% | −1.46 |
| DBRG Digitalbridge Group Inc. | Sold out | 0.00% | −0.50 |
| KRG Kite Realty Group Trust | Reduce -1.2% | 3.60% | +0.11 |
Portfolio Buys Q3 2025 → Q4 2025
| IRT Independence Realty Trust Inc. | Add +106.3% | 16.98% | +8.94 |
| INVH Invitation Homes Inc. | New | 7.33% | +7.33 |
| FCPT Four Corners Property Trust | New | 6.94% | +6.94 |
| ELS Equity Lifestyle Properties | Add +79.8% | 4.20% | +1.77 |
| STWD Starwood Property Trust Inc. | Add +145.0% | 2.86% | +1.55 |
| FR First Industrial Realty TR | Add +0.2% | 14.65% | +0.97 |
| BXMT Blackstone Mortgage Tru Class A | Add +128.8% | 1.07% | +0.60 |
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 |