Landmark Investment Partners, L.P. In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Landmark Investment Partners, L.P. reported 20 stock positions worth $96.8 million . Its top holding was Hilton Worldwide (HLT) at 13.2% of the portfolio, followed by Apartment Invt & Mgmt Class A (AIV, 10.7% ) and Cohen & Steers (CNS, 10.4% ). Compared with Q4 2025, it opened 7 new positions, sold out of 4, added to 7 and reduced 6. The biggest buy was a new position in CBRE Class A (CBRE) and the biggest sale an exit from Mid-America Apartment Comm (MAA).
Location WEST PALM BEACH, FL
CIK 0002023551
Portfolio Value $96.8M (Q1 2026) Holdings 20 stocks · $96.8M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 HLT Hilton Worldwide Holdings Inc. 42,108 $12.8M Add +7.5% AIV Apartment Invt & Mgmt Co. Class A 2,556,176 $10.4M Add +15.1% CNS Cohen & Steers Inc. 160,709 $10.1M Add +0.7% CBRE CBRE Group Inc. Class A 62,978 $8.5M New DEI Douglas Emmett Inc. 762,556 $7.2M Reduce -27.2% CIGI Colliers Intl GR-Subord Vot 62,828 $6.7M New NXRT Nexpoint Residential 257,546 $6.4M Add +676.4% CHDN Churchill Downs Inc. 63,733 $5.7M New CSGP Costar Group Inc. 119,966 $4.8M Reduce -22.3% VAC Marriott Vacations World 66,572 $4.3M New ESS Essex Property Trust Inc. 15,906 $3.8M Reduce -43.9% CPT Camden Property Trust 30,812 $3.0M Add +243.2% BHR Braemar Hotels & Resorts Inc. 1,139,798 $2.7M Add +5.2% AVB Avalonbay Communities Inc. 16,200 $2.6M New HHH Howard Hughes Holdings Inc. 37,512 $2.4M Reduce -68.1% HPP Hudson Pacific Properties Inc. 392,188 $2.3M Add +117.0% CUBE Cubesmart 35,704 $1.3M New BKD Brookdale Senior Living Inc. 72,392 $990K Reduce -88.7% BLDR Builders Firstsource Inc. 4,726 $389K New BX Blackstone Inc. 1,698 $195K Reduce -74.9%
Options reported separately and not counted above: COSTAR GROUP INC calls ($12.3M), BLACKSTONE INC calls ($7.3M), DOUGLAS EMMETT INC calls ($5.6M), COLLIERS INTL GROUP INC calls ($5.1M), COHEN & STEERS INC calls ($4.4M), CHOICE HOTELS INTL INC calls ($2.2M), INVITATION HOMES INC calls ($1.7M), HUDSON PACIFIC PROPERTIES IN calls ($1.7M), ESSEX PPTY TR INC calls ($1.4M), SELECT SECTOR SPDR TR calls ($905K).
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ MAA Mid-America Apartment Comm Sold out 0.00% −7.64 HGV Hilton Grand Vacations Inc. Sold out 0.00% −6.74 HHH Howard Hughes Holdings Inc. Reduce -68.1% 2.45% −5.58 BYD Boyd Gaming Corp. Sold out 0.00% −5.08 REG Regency Centers Corp. Sold out 0.00% −5.02 BKD Brookdale Senior Living Inc. Reduce -88.7% 1.02% −4.92 CSGP Costar Group Inc. Reduce -22.3% 5.00% −3.90 DEI Douglas Emmett Inc. Reduce -27.2% 7.42% −2.44 ESS Essex Property Trust Inc. Reduce -43.9% 3.98% −2.37 BX Blackstone Inc. Reduce -74.9% 0.20% −0.69
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ CBRE CBRE Group Inc. Class A New 8.81% +8.81 CIGI Colliers Intl GR-Subord Vot New 6.94% +6.94 CHDN Churchill Downs Inc. New 5.91% +5.91 NXRT Nexpoint Residential Add +676.4% 6.65% +5.80 VAC Marriott Vacations World New 4.48% +4.48 HLT Hilton Worldwide Holdings Inc. Add +7.5% 13.23% +3.60 AVB Avalonbay Communities Inc. New 2.73% +2.73 CPT Camden Property Trust Add +243.2% 3.11% +2.26 CNS Cohen & Steers Inc. Add +0.7% 10.38% +1.80 CUBE Cubesmart New 1.35% +1.35 HPP Hudson Pacific Properties Inc. Add +117.0% 2.39% +0.72 BLDR Builders Firstsource Inc. New 0.40% +0.40 BHR Braemar Hotels & Resorts Inc. Add +5.2% 2.78% +0.12 AIV Apartment Invt & Mgmt Co. Class A Add +15.1% 10.75% −0.55
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ CSGP Costar Group Inc. call Sold out 205,500 $13.8Mbefore exit COSTAR GROUP INC call New 3,037 $12.3M VAC Marriott Vacations World call Sold out 198,400 $11.4Mbefore exit ESS Essex Property Trust Inc. call Sold out 39,500 $10.3Mbefore exit BLACKSTONE INC call New 632 $7.3M VTR Ventas Inc. call Sold out 78,300 $6.1Mbefore exit DOUGLAS EMMETT INC call New 5,950 $5.6M DEI Douglas Emmett Inc. call Sold out 480,000 $5.3Mbefore exit COLLIERS INTL GROUP INC call New 477 $5.1M HHH Howard Hughes Holdings Inc. call Sold out 61,500 $4.9Mbefore exit COHEN & STEERS INC call New 700 $4.4M HPP Hudson Pacific Properties Inc. call Sold out 400,000 $4.3Mbefore exit MAA Mid-America Apartment Comm call Sold out 29,700 $4.1Mbefore exit DOC Healthpeak Properties Inc. call Sold out 246,100 $4.0Mbefore exit EXR Extra Space Storage Inc. call Sold out 25,000 $3.3Mbefore exit CNS Cohen & Steers Inc. call Sold out 48,000 $3.0Mbefore exit CHH Choice Hotels Intl Inc. call Sold out 31,000 $3.0Mbefore exit SUI Sun Communities Inc. call Sold out 23,500 $2.9Mbefore exit CHOICE HOTELS INTL INC call New 216 $2.2M EQIX Equinix Inc. call Sold out 2,700 $2.1Mbefore exit VMRK Vivmark Residential call Sold out 31,300 $2.0Mbefore exit WPC WP Carey Inc. call Sold out 30,000 $1.9Mbefore exit RHP Ryman Hospitality Properties call Sold out 20,100 $1.9Mbefore exit O Realty Income Corp. call Sold out 33,600 $1.9Mbefore exit INVITATION HOMES INC call New 702 $1.7M HUDSON PACIFIC PROPERTIES IN call New 2,825 $1.7M BX Blackstone Inc. call Sold out 10,500 $1.6Mbefore exit GLPI Gaming and Leisure Propertie call Sold out 34,800 $1.6Mbefore exit AVB Avalonbay Communities Inc. call Sold out 8,100 $1.5Mbefore exit DLR Digital Realty Trust Inc. call Sold out 9,300 $1.4Mbefore exit NNN NNN REIT Inc. call Sold out 36,200 $1.4Mbefore exit REXR Rexford Industrial Realty Inc. call Sold out 35,700 $1.4Mbefore exit ESSEX PPTY TR INC call New 56 $1.4M KRC Kilroy Realty Corp. call Sold out 33,000 $1.2Mbefore exit SELECT SECTOR SPDR TR call New 83 $905K BXP BXP Inc. call Sold out 8,300 $560Kbefore exit BHR Braemar Hotels & Resorts Inc. call Sold out 100,000 $287Kbefore exit
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