Long Pond Capital, LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Long Pond Capital, LP reported 35 stock positions worth $1.8 billion. Its top holding was D.R. Horton (DHI) at 8.9% of the portfolio, followed by Independence Realty Trust (IRT, 8.6%) and Agree Realty (ADC, 8.4%). Compared with Q1 2024, it opened 14 new positions, sold out of 13, added to 11 and reduced 7. The biggest buy was a new position in SBA Communications (SBAC) and the biggest sale an exit from LXP Industrial Trust (LXP).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001499066
- Portfolio Value
- $1.8B (Q2 2024)
- SEC Filing
- 0001172661-24-003338 ↗ filed Aug 14, 2024
Holdings Value
Holdings 35 stocks · $1.8B
| DHI D.R. Horton Inc. | 8.91% | 1,169,080 | $164.8M | Add +77.2% |
| IRT Independence Realty Trust Inc. | 8.60% | 8,490,678 | $159.1M | Reduce -18.5% |
| ADC Agree Realty Corp. | 8.45% | 2,521,801 | $156.2M | Reduce -12.1% |
| COLD Americold Realty Trust Inc. | 6.06% | 4,385,307 | $112.0M | Add +2.9% |
| CPT Camden Property Trust | 5.99% | 1,014,626 | $110.7M | Reduce -37.2% |
| JBGS JBG Smith Properties | 5.68% | 6,892,717 | $105.0M | Reduce -1.2% |
| MAA Mid-America Apartment Comm | 4.99% | 647,011 | $92.3M | Add +550.9% |
| SBAC SBA Communications Corp. | 4.53% | 426,322 | $83.7M | New |
| NNN NNN REIT Inc. | 4.38% | 1,903,072 | $81.1M | Reduce -28.0% |
| SITC Site Centers Corp. filed as SITE CTRS CORP | 4.37% | 5,571,305 | $80.8M | Reduce -3.9% |
| NTST Netstreit Corp. | 4.34% | 4,982,060 | $80.2M | Reduce -16.5% |
| SAFE Safehold Inc. | 2.78% | 2,662,579 | $51.4M | Add +14.9% |
| SILA Sila Realty Trust Inc. | 2.70% | 2,360,956 | $50.0M | New |
| VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP | 2.64% | 1,627,434 | $48.8M | Add +54.8% |
| HGV Hilton Grand Vacations Inc. | 2.63% | 1,200,920 | $48.6M | Add +218.0% |
| REXR Rexford Industrial Realty Inc. | 2.54% | 1,053,505 | $47.0M | Add +2.3% |
| PGRE Paramount Group Inc. | 1.88% | 7,501,361 | $34.7M | Add +131.4% |
| PLYA Playa Hotels & Resorts NV | 1.81% | 3,991,276 | $33.5M | Add +14.9% |
| CCI Crown Castle Inc. | 1.76% | 334,030 | $32.6M | New |
| BRSL Brightstar Lottery PLC filed as INTERNATIONAL GAME TECHNOLOG | 1.73% | 1,566,616 | $32.1M | New |
| CBRE CBRE Group Inc. Class A | 1.62% | 336,000 | $29.9M | New |
| TRTX TPG Re Finance Trust Inc. | 1.33% | 2,852,894 | $24.6M | Add +32.4% |
| NXRT Nexpoint Residential | 1.31% | 614,345 | $24.3M | New |
| SMRT Smartrent Inc. | 1.20% | 9,316,093 | $22.3M | Add +133.1% |
| RRR Red Rock Resorts Inc. Class A | 1.19% | 400,280 | $22.0M | New |
| NLOP Net Lease Office Property | 1.15% | 861,601 | $21.2M | No change |
| BYD Boyd Gaming Corp. | 1.11% | 370,956 | $20.4M | New |
| CSGP Costar Group Inc. | 0.89% | 222,500 | $16.5M | New |
| NSA National Storage Affiliates | 0.88% | 392,971 | $16.2M | New |
| MSGE Madison Square Garden Entert | 0.67% | 362,466 | $12.4M | New |
| SDHC Smith Douglas Homes Corp. | 0.53% | 417,112 | $9.8M | No change |
| KRG Kite Realty Group Trust | 0.44% | 362,500 | $8.1M | New |
| FPH Five Point Holdings LLC Class A | 0.38% | 2,383,681 | $7.0M | No change |
| CLDT Chatham Lodging Trust | 0.30% | 659,246 | $5.6M | New |
| EVRI Everi Holdings Inc. | 0.24% | 530,093 | $4.5M | New |
Options reported separately and not counted above: DHI calls ($22.5M).
Portfolio Sells Q1 2024 → Q2 2024
| LXP LXP Industrial Trust | Sold out | 0.00% | −3.87 |
| AIRC Apartment Income REIT Co. | Sold out | 0.00% | −3.79 |
| CPT Camden Property Trust | Reduce -37.2% | 5.99% | −3.17 |
| RITM Rithm Capital Corp. | Sold out | 0.00% | −3.05 |
| NNN NNN REIT Inc. | Reduce -28.0% | 4.38% | −2.12 |
| NTST Netstreit Corp. | Reduce -16.5% | 4.34% | −1.97 |
| MTH Meritage Homes Corp. | Sold out | 0.00% | −1.86 |
| AIV Apartment Invt & Mgmt Co. Class A | Sold out | 0.00% | −1.76 |
| TNL Travel + Leisure Co. | Sold out | 0.00% | −1.20 |
| IRT Independence Realty Trust Inc. | Reduce -18.5% | 8.60% | −1.06 |
| ADC Agree Realty Corp. | Reduce -12.1% | 8.45% | −0.98 |
| VAC Marriott Vacations World | Sold out | 0.00% | −0.88 |
| CDP Copt Defense Properties | Sold out | 0.00% | −0.79 |
| JBGS JBG Smith Properties | Reduce -1.2% | 5.68% | −0.77 |
| SITC Site Centers Corp. | Reduce -3.9% | 4.37% | −0.52 |
| ESS Essex Property Trust Inc. | Sold out | 0.00% | −0.48 |
| FRT Federal Realty Invs Trust | Sold out | 0.00% | −0.35 |
| MLCO Melco Resorts & Entert-ADR | Sold out | 0.00% | −0.33 |
| JLL Jones Lang Lasalle Inc. | Sold out | 0.00% | −0.24 |
| CZR Caesars Entertainment Inc. | Sold out | 0.00% | −0.07 |
Portfolio Buys Q1 2024 → Q2 2024
| SBAC SBA Communications Corp. | New | 4.53% | +4.53 |
| MAA Mid-America Apartment Comm | Add +550.9% | 4.99% | +4.24 |
| SILA Sila Realty Trust Inc. | New | 2.70% | +2.70 |
| DHI D.R. Horton Inc. | Add +77.2% | 8.91% | +2.66 |
| CCI Crown Castle Inc. | New | 1.76% | +1.76 |
| BRSL Brightstar Lottery PLC | New | 1.73% | +1.73 |
| CBRE CBRE Group Inc. Class A | New | 1.62% | +1.62 |
| HGV Hilton Grand Vacations Inc. | Add +218.0% | 2.63% | +1.60 |
| NXRT Nexpoint Residential | New | 1.31% | +1.31 |
| RRR Red Rock Resorts Inc. Class A | New | 1.19% | +1.19 |
| BYD Boyd Gaming Corp. | New | 1.11% | +1.11 |
| PGRE Paramount Group Inc. | Add +131.4% | 1.88% | +1.00 |
| CSGP Costar Group Inc. | New | 0.89% | +0.89 |
| NSA National Storage Affiliates | New | 0.88% | +0.88 |
| MSGE Madison Square Garden Entert | New | 0.67% | +0.67 |
| SMRT Smartrent Inc. | Add +133.1% | 1.20% | +0.59 |
| KRG Kite Realty Group Trust | New | 0.44% | +0.44 |
| TRTX TPG Re Finance Trust Inc. | Add +32.4% | 1.33% | +0.38 |
| CLDT Chatham Lodging Trust | New | 0.30% | +0.30 |
| VTMX Corp. Inmobiliaria Vesta-ADR | Add +54.8% | 2.64% | +0.27 |
| EVRI Everi Holdings Inc. | New | 0.24% | +0.24 |
| SAFE Safehold Inc. | Add +14.9% | 2.78% | +0.03 |
| COLD Americold Realty Trust Inc. | Add +2.9% | 6.06% | −0.05 |
| PLYA Playa Hotels & Resorts NV | Add +14.9% | 1.81% | −0.13 |
| REXR Rexford Industrial Realty Inc. | Add +2.3% | 2.54% | −0.44 |
Options Activity Q1 2024 → Q2 2024
| DHI D.R. Horton Inc. | call | New | 160,000 | $22.5M |
| MPT Medical Properties Trust Inc. | put | Sold out | 2,000,000 | $9.4Mbefore 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 | 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 |