Landmark Investment Partners, L.P.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Landmark Investment Partners, L.P. reported 16 stock positions worth $122.1 million. Its top holding was Costar (CSGP) at 10.3% of the portfolio, followed by Howard Hughes (HHH, 10.2%) and Douglas Emmett (DEI, 9.0%). Compared with Q2 2025, it opened 5 new positions, sold out of 7 and reduced 11. The biggest buy was a new position in Hilton Grand Vacations (HGV) and the biggest sale an exit from Travel + Leisure (TNL).
- Most Recent 13F
- Q2 2026
- Location
- WEST PALM BEACH, FL
- CIK
- 0002023551
- Portfolio Value
- $122.1M (Q3 2025)
- SEC Filing
- 0002023551-25-000009 ↗ filed Nov 14, 2025
Holdings Value
Holdings 16 stocks · $122.1M
| CSGP Costar Group Inc. | 10.32% | 149,385 | $12.6M | Reduce -45.9% |
| HHH Howard Hughes Holdings Inc. | 10.21% | 151,690 | $12.5M | Reduce -28.2% |
| DEI Douglas Emmett Inc. | 9.00% | 706,218 | $11.0M | Reduce -48.4% |
| HUDSON PAC PPTYS INC | 8.85% | 3,914,346 | $10.8M | Reduce -32.6% |
| CNS Cohen & Steers Inc. | 7.96% | 148,098 | $9.7M | Reduce -24.9% |
| ESS Essex Property Trust Inc. | 6.97% | 31,777 | $8.5M | Reduce -66.0% |
| HLT Hilton Worldwide Holdings Inc. | 6.85% | 32,224 | $8.4M | Reduce -37.4% |
| NXRT Nexpoint Residential | 6.57% | 248,899 | $8.0M | Reduce -44.6% |
| BKD Brookdale Senior Living Inc. | 6.54% | 942,815 | $8.0M | Reduce -39.6% |
| BX Blackstone Inc. | 6.39% | 45,684 | $7.8M | Reduce -35.1% |
| HGV Hilton Grand Vacations Inc. | 5.67% | 165,484 | $6.9M | New |
| AIV Apartment Invt & Mgmt Co. Class A | 5.61% | 863,517 | $6.8M | Reduce -55.1% |
| UHAL U-Haul Holding Co. | 5.35% | 114,393 | $6.5M | New |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 1.78% | 33,641 | $2.2M | New |
| BHR Braemar Hotels & Resorts Inc. | 1.73% | 773,000 | $2.1M | New |
| AVB Avalonbay Communities Inc. | 0.22% | 1,393 | $269K | New |
Options reported separately and not counted above: ESS calls ($26.2M), IWM puts ($12.1M), ARE calls ($9.8M), KRC calls ($9.3M), DEI calls ($9.0M), VMRK calls ($7.9M), UDR calls ($6.1M), IRT calls ($6.0M), VTR calls ($5.5M), AVB calls ($5.4M), HUDSON PAC PPTYS INC calls ($5.2M), DLR calls ($5.1M), and 40 more.
Portfolio Sells Q2 2025 → Q3 2025
| TNL Travel + Leisure Co. | Sold out | 0.00% | −6.82 |
| ESS Essex Property Trust Inc. | Reduce -66.0% | 6.97% | −4.92 |
| CBRE CBRE Group Inc. Class A | Sold out | 0.00% | −4.04 |
| H Hyatt Hotels Corp. Class A | Sold out | 0.00% | −3.53 |
| EQIX Equinix Inc. | Sold out | 0.00% | −1.86 |
| AIV Apartment Invt & Mgmt Co. Class A | Reduce -55.1% | 5.61% | −1.86 |
| BAM Brookfield Asset Mgmt-A | Sold out | 0.00% | −1.33 |
| CPT Camden Property Trust | Sold out | 0.00% | −1.22 |
| DEI Douglas Emmett Inc. | Reduce -48.4% | 9.00% | −0.22 |
| NXRT Nexpoint Residential | Reduce -44.6% | 6.57% | −0.15 |
| COMP Compass Inc. Class A | Sold out | 0.00% | −0.03 |
| CSGP Costar Group Inc. | Reduce -45.9% | 10.32% | +0.37 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -37.4% | 6.85% | +0.70 |
| CNS Cohen & Steers Inc. | Reduce -24.9% | 7.96% | +1.30 |
| BKD Brookdale Senior Living Inc. | Reduce -39.6% | 6.54% | +1.67 |
| BX Blackstone Inc. | Reduce -35.1% | 6.39% | +1.67 |
| HUDSON PAC PPTYS INC | Reduce -32.6% | 8.85% | +1.71 |
| HHH Howard Hughes Holdings Inc. | Reduce -28.2% | 10.21% | +3.81 |
Portfolio Buys Q2 2025 → Q3 2025
Options Activity Q2 2025 → Q3 2025
| ESS Essex Property Trust Inc. | call | Add +887.9% | 97,800 | $26.2M |
| VNQ Vanguard Real Estate ETF | put | Sold out | 154,000 | $13.7Mbefore exit |
| RSP Invesco S&P 500 Equal Weight | put | Sold out | 73,400 | $13.3Mbefore exit |
| IWM iShares Russell 2000 ETF | put | New | 50,000 | $12.1M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 18,500 | $11.4Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 19,000 | $10.5Mbefore exit |
| ARE Alexandria Real Estate Equit | call | Add +186.3% | 117,400 | $9.8M |
| KRC Kilroy Realty Corp. | call | Add +232.1% | 220,500 | $9.3M |
| DEI Douglas Emmett Inc. | call | Add +262.5% | 580,000 | $9.0M |
| VMRK Vivmark Residential | call | Add +55.8% | 122,300 | $7.9M |
| UDR Udr Inc. | call | Add +515.0% | 164,200 | $6.1M |
| IRT Independence Realty Trust Inc. | call | New | 366,000 | $6.0M |
| VTR Ventas Inc. | call | Add +125.0% | 78,300 | $5.5M |
| AVB Avalonbay Communities Inc. | call | Add +17.1% | 28,000 | $5.4M |
| MAA Mid-America Apartment Comm | call | Sold out | 36,000 | $5.3Mbefore exit |
| HUDSON PAC PPTYS INC | call | Add +213.8% | 1,882,909 | $5.2M |
| DLR Digital Realty Trust Inc. | call | New | 29,300 | $5.1M |
| SKY Champion Homes Inc. | call | New | 66,300 | $5.1M |
| HHH Howard Hughes Holdings Inc. | call | Add +698.7% | 61,500 | $5.1M |
| CTRE Caretrust REIT Inc. | call | New | 140,000 | $4.9M |
| REXR Rexford Industrial Realty Inc. | call | New | 112,200 | $4.6M |
| WPC WP Carey Inc. | call | Add +275.0% | 67,500 | $4.6M |
| INVH Invitation Homes Inc. | call | Add +822.9% | 153,200 | $4.5M |
| DOC Healthpeak Properties Inc. | call | Add +77.4% | 230,600 | $4.4M |
| AIV Apartment Invt & Mgmt Co. Class A | call | Add +79.5% | 518,200 | $4.1M |
| PLD Prologis Inc. | call | Sold out | 37,200 | $3.9Mbefore exit |
| BXP BXP Inc. | call | Reduce -14.5% | 52,000 | $3.9M |
| SPG Simon Property Group Inc. | call | Sold out | 23,400 | $3.8Mbefore exit |
| CNS Cohen & Steers Inc. | call | New | 55,700 | $3.7M |
| VNO Vornado Realty Trust | call | Sold out | 95,500 | $3.7Mbefore exit |
| TMHC Taylor Morrison Home Corp. | call | New | 54,500 | $3.6M |
| EPR Epr Properties | call | New | 57,100 | $3.3M |
| NXRT Nexpoint Residential | call | New | 100,000 | $3.2M |
| CPT Camden Property Trust | call | Sold out | 27,500 | $3.1Mbefore exit |
| MTH Meritage Homes Corp. | call | New | 42,000 | $3.0M |
| APO Apollo Global Management Inc. | call | Sold out | 20,800 | $3.0Mbefore exit |
| AKR Acadia Realty Trust | call | New | 142,800 | $2.9M |
| AMT American Tower Corp. | call | New | 14,300 | $2.8M |
| EQIX Equinix Inc. | call | Reduce -44.3% | 3,400 | $2.7M |
| WY Weyerhaeuser Co. | call | Add +429.0% | 105,800 | $2.6M |
| JLL Jones Lang Lasalle Inc. | call | Sold out | 9,700 | $2.5Mbefore exit |
| CBRE CBRE Group Inc. Class A | call | Sold out | 17,400 | $2.4Mbefore exit |
| HR Healthcare Realty Trust Inc. | call | New | 127,800 | $2.3M |
| SBAC SBA Communications Corp. | call | New | 11,500 | $2.2M |
| SUI Sun Communities Inc. | call | Sold out | 17,400 | $2.2Mbefore exit |
| PSA Public Storage | call | Add +4.2% | 7,500 | $2.2M |
| SKT Tanger Inc. | call | Sold out | 70,000 | $2.1Mbefore exit |
| WSC Willscot Holdings Corp. | call | New | 100,000 | $2.1M |
| OHI Omega Healthcare Investors | call | Sold out | 57,500 | $2.1Mbefore exit |
| WH Wyndham Hotels & Resorts Inc. | call | Add +314.5% | 25,700 | $2.1M |
Showing the first 50 of 78.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 21 | $108.1M | DEI, CNS, NXRT, COMP, UDR |
| Q1 2026 | 20 | $96.8M | HLT, AIV, CNS, CBRE, DEI |
| Q4 2025 | 17 | $116.8M | AIV, DEI, HLT, CSGP, CNS |
| Q3 2025 | 16 | $122.1M | CSGP, HHH, DEI, HUDSON PAC PPTYS INC, CNS |
| Q2 2025 | 18 | $223.1M | ESS, CSGP, DEI, AIV, HUDSON PAC PPTYS INC |
| Q1 2025 | 22 | $319.5M | ESS, DEI, FR, CSGP, VTR |
| Q4 2024 | 18 | $247.4M | AMH, ESS, CPT, KRC, PK |