In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Long Pond Capital, LP reported 30 stock positions worth $953.9 million . Its top holding was SBA Communications (SBAC) at 16.6% of the portfolio, followed by Independence Realty Trust (IRT, 9.0% ) and Janus Living Inc. Class-A-1 (JAN, 7.7% ). Compared with Q1 2026, it opened 10 new positions, sold out of 12, added to 6 and reduced 10. The biggest buy was a new position in SBA Communications (SBAC) and the biggest sale Wyndham Hotels & Resorts (WH, shares −96% ).
Location New York, NY
CIK 0001499066
Portfolio Value $953.9M (Q2 2026) Holdings 30 stocks · $953.9M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 SBAC SBA Communications Corp. 898,715 $158.6M New IRT Independence Realty Trust Inc. 5,127,246 $85.6M Reduce -10.5% JAN Janus Living Inc. Class-A-1 2,568,555 $73.8M Reduce -21.9% HGV Hilton Grand Vacations Inc. 1,186,119 $62.1M Add +144.4% JBGS JBG Smith Properties 4,024,019 $59.0M Reduce -8.8% TRTX TPG Re Finance Trust Inc. 7,029,102 $58.8M No change COMP Compass Inc. Class A 3,594,368 $44.3M Add +195.4% COLD Americold Realty Trust Inc. 2,685,314 $42.2M Reduce -40.3% KREF KKR Real Estate Finance Trus 5,813,201 $39.8M Add +1.4% PRKS United Parks & Resorts Inc. 776,909 $37.1M Reduce -53.8% CHDN Churchill Downs Inc. 398,419 $35.7M New WYNN WYNN Resorts Ltd. 306,689 $29.8M Reduce -42.0% POOL Pool Corp. 132,400 $28.5M Add +20.9% FERG Ferguson Enterprises Inc. 103,500 $24.6M New BLDR Builders Firstsource Inc. 245,750 $22.0M New CPT Camden Property Trust 182,538 $20.9M Reduce -54.5% FUN Six Flags Entertainment Corp. 979,395 $20.9M Add +30.5% ELS Equity Lifestyle Properties 306,244 $19.7M New SMA Smartstop Self Storage REIT 444,839 $14.5M Reduce -27.5% NXRT Nexpoint Residential 452,604 $12.6M No change HD Home Depot Inc. 29,500 $10.4M New LOW Lowe's Cos Inc. 44,250 $9.8M New MHO M/I Homes Inc. 55,230 $8.9M Add +16.0% LPX Louisiana-Pacific Corp. 94,000 $7.4M New SMRT Smartrent Inc. 5,610,150 $6.7M No change MAA Mid-America Apartment Comm 40,503 $5.6M No change DOC Healthpeak Properties Inc. 257,116 $5.5M Reduce -89.7% ARE Alexandria Real Estate Equit 94,786 $5.0M New WH Wyndham Hotels & Resorts Inc. 30,000 $2.5M Reduce -95.7% FBIN Fortune Brands Innovations I 30,000 $1.6M New
Options reported separately and not counted above: SBAC calls ($86.5M).
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ WH Wyndham Hotels & Resorts Inc. Reduce -95.7% 0.26% −5.56 INN Summit Hotel Properties Inc. Sold out 0.00% −4.25 DOC Healthpeak Properties Inc. Reduce -89.7% 0.58% −3.61 NCLH Norwegian Cruise Line Holdin Sold out 0.00% −3.31 H Hyatt Hotels Corp. Class A Sold out 0.00% −3.29 AMH American Homes 4 Rent- A Sold out 0.00% −3.17 KRC Kilroy Realty Corp. Sold out 0.00% −3.00 WYNN WYNN Resorts Ltd. Reduce -42.0% 3.12% −2.37 JHX James Hardie Ind PLC Sold out 0.00% −2.24 CPT Camden Property Trust Reduce -54.5% 2.19% −1.81 PRKS United Parks & Resorts Inc. Reduce -53.8% 3.89% −1.72 CUBE Cubesmart Sold out 0.00% −1.63 LINE Lineage Inc. Sold out 0.00% −1.38 CSR Centerspace Sold out 0.00% −1.12 TMHC Taylor Morrison Home Corp. Sold out 0.00% −1.04 COLD Americold Realty Trust Inc. Reduce -40.3% 4.43% −0.84 SAFE Safehold Inc. Sold out 0.00% −0.77 SLG SL Green Realty Corp. Sold out 0.00% −0.49 JBGS JBG Smith Properties Reduce -8.8% 6.19% −0.40 SMA Smartstop Self Storage REIT Reduce -27.5% 1.52% −0.38 JAN Janus Living Inc. Class-A-1 Reduce -21.9% 7.74% −0.19 IRT Independence Realty Trust Inc. Reduce -10.5% 8.97% +0.25
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ SBAC SBA Communications Corp. New 16.63% +16.63 HGV Hilton Grand Vacations Inc. Add +144.4% 6.51% +4.57 CHDN Churchill Downs Inc. New 3.74% +3.74 COMP Compass Inc. Class A Add +195.4% 4.65% +3.74 FERG Ferguson Enterprises Inc. New 2.58% +2.58 BLDR Builders Firstsource Inc. New 2.31% +2.31 ELS Equity Lifestyle Properties New 2.07% +2.07 HD Home Depot Inc. New 1.09% +1.09 LOW Lowe's Cos Inc. New 1.02% +1.02 FUN Six Flags Entertainment Corp. Add +30.5% 2.19% +0.83 LPX Louisiana-Pacific Corp. New 0.78% +0.78 POOL Pool Corp. Add +20.9% 2.98% +0.72 KREF KKR Real Estate Finance Trus Add +1.4% 4.17% +0.58 ARE Alexandria Real Estate Equit New 0.53% +0.53 MHO M/I Homes Inc. Add +16.0% 0.93% +0.34 FBIN Fortune Brands Innovations I New 0.17% +0.17
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ SBAC SBA Communications Corp. call Add +22.5% 490,000 $86.5M
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 30 $953.9M SBAC, IRT, JAN, HGV, JBGS Q1 2026 32 $978.1M IRT, JAN, JBGS, WH, TRTX Q4 2025 30 $851.2M COLD, NSA, JBGS, TRTX, COMP Q3 2025 28 $1.4B CPT, IRT, JHX, NSA, COLD Q2 2025 28 $1.5B H, WH, BRSL, CPT, FUN Q1 2025 33 $1.5B H, TOL, DHI, HLT, MTH Q4 2024 26 $1.9B ADC, IRT, DHI, CPT, LEN Q3 2024 38 $2.2B ADC, DHI, IRT, CPT, LEN Q2 2024 35 $1.8B DHI, IRT, ADC, COLD, CPT Q1 2024 34 $1.7B IRT, ADC, CPT, NNN, JBGS