Long Pond Capital, LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Long Pond Capital, LP reported 38 stock positions worth $2.2 billion. Its top holding was Agree Realty (ADC) at 10.2% of the portfolio, followed by D.R. Horton (DHI, 9.7%) and Independence Realty Trust (IRT, 7.8%). Compared with Q2 2024, it opened 12 new positions, sold out of 9, added to 13 and reduced 10. The biggest buy was a new position in Lennar Class A (LEN) and the biggest sale an exit from SBA Communications (SBAC).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001499066
- Portfolio Value
- $2.2B (Q3 2024)
- SEC Filing
- 0001172661-24-004700 ↗ filed Nov 13, 2024
Holdings Value
Holdings 38 stocks · $2.2B
| ADC Agree Realty Corp. | 10.23% | 3,029,301 | $228.2M | Add +20.1% |
| DHI D.R. Horton Inc. | 9.70% | 1,134,080 | $216.3M | Reduce -3.0% |
| IRT Independence Realty Trust Inc. | 7.81% | 8,498,043 | $174.2M | Add +0.1% |
| CPT Camden Property Trust | 5.65% | 1,019,101 | $125.9M | Add +0.4% |
| LEN Lennar Corp. Class A | 5.24% | 623,800 | $117.0M | New |
| MAA Mid-America Apartment Comm | 5.11% | 717,077 | $113.9M | Add +10.8% |
| JBGS JBG Smith Properties | 5.02% | 6,409,668 | $112.0M | Reduce -7.0% |
| NSA National Storage Affiliates | 4.46% | 2,065,015 | $99.5M | Add +425.5% |
| HGV Hilton Grand Vacations Inc. | 4.35% | 2,670,743 | $97.0M | Add +122.4% |
| NNN NNN REIT Inc. | 3.90% | 1,793,072 | $86.9M | Reduce -5.8% |
| VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP | 3.18% | 2,633,169 | $70.9M | Add +61.8% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 2.92% | 481,033 | $65.0M | New |
| COLD Americold Realty Trust Inc. | 2.63% | 2,071,821 | $58.6M | Reduce -52.8% |
| FUN Six Flags Entertainment Corp. | 2.62% | 1,448,383 | $58.4M | New |
| BRSL Brightstar Lottery PLC filed as INTERNATIONAL GAME TECHNOLOG | 2.54% | 2,655,964 | $56.6M | Add +69.5% |
| PLYA Playa Hotels & Resorts NV | 2.38% | 6,833,461 | $53.0M | Add +71.2% |
| STWD Starwood Property Trust Inc. | 2.34% | 2,555,000 | $52.1M | New |
| SAFE Safehold Inc. | 2.04% | 1,736,725 | $45.6M | Reduce -34.8% |
| PGRE Paramount Group Inc. | 1.97% | 8,936,940 | $44.0M | Add +19.1% |
| WYNN WYNN Resorts Ltd. | 1.73% | 402,104 | $38.6M | New |
| RRR Red Rock Resorts Inc. Class A | 1.48% | 607,833 | $33.1M | Add +51.9% |
| HLT Hilton Worldwide Holdings Inc. | 1.33% | 128,621 | $29.6M | New |
| TRTX TPG Re Finance Trust Inc. | 1.29% | 3,364,826 | $28.7M | Add +17.9% |
| NTST Netstreit Corp. | 1.25% | 1,683,855 | $27.8M | Reduce -66.2% |
| NLOP Net Lease Office Property | 1.18% | 861,601 | $26.4M | No change |
| TNL Travel + Leisure Co. | 1.07% | 519,010 | $23.9M | New |
| WH Wyndham Hotels & Resorts Inc. | 0.95% | 272,363 | $21.3M | New |
| MTH Meritage Homes Corp. | 0.89% | 97,256 | $19.9M | New |
| UDR Udr Inc. | 0.83% | 409,721 | $18.6M | New |
| SMRT Smartrent Inc. | 0.78% | 10,066,093 | $17.4M | Add +8.1% |
| NXRT Nexpoint Residential | 0.56% | 284,886 | $12.5M | Reduce -53.6% |
| KRG Kite Realty Group Trust | 0.43% | 362,500 | $9.6M | No change |
| XHR Xenia Hotels & Resorts Inc. | 0.41% | 623,762 | $9.2M | New |
| FPH Five Point Holdings LLC Class A | 0.40% | 2,154,198 | $8.9M | Reduce -9.6% |
| BYD Boyd Gaming Corp. | 0.39% | 133,228 | $8.6M | Reduce -64.1% |
| FOR Forestar Group Inc. | 0.38% | 258,297 | $8.4M | New |
| SITC Site Centers Corp. filed as SITE CTRS CORP | 0.29% | 106,439 | $6.4M | Reduce -92.4% |
| CLDT Chatham Lodging Trust | 0.25% | 659,246 | $5.6M | No change |
Portfolio Sells Q2 2024 → Q3 2024
| SBAC SBA Communications Corp. | Sold out | 0.00% | −4.53 |
| SITC Site Centers Corp. | Reduce -92.4% | 0.29% | −4.08 |
| COLD Americold Realty Trust Inc. | Reduce -52.8% | 2.63% | −3.43 |
| NTST Netstreit Corp. | Reduce -66.2% | 1.25% | −3.09 |
| SILA Sila Realty Trust Inc. | Sold out | 0.00% | −2.70 |
| REXR Rexford Industrial Realty Inc. | Sold out | 0.00% | −2.54 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −1.76 |
| CBRE CBRE Group Inc. Class A | Sold out | 0.00% | −1.62 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.89 |
| NXRT Nexpoint Residential | Reduce -53.6% | 0.56% | −0.75 |
| SAFE Safehold Inc. | Reduce -34.8% | 2.04% | −0.73 |
| BYD Boyd Gaming Corp. | Reduce -64.1% | 0.39% | −0.72 |
| MSGE Madison Square Garden Entert | Sold out | 0.00% | −0.67 |
| JBGS JBG Smith Properties | Reduce -7.0% | 5.02% | −0.65 |
| SDHC Smith Douglas Homes Corp. | Sold out | 0.00% | −0.53 |
| NNN NNN REIT Inc. | Reduce -5.8% | 3.90% | −0.48 |
| EVRI Everi Holdings Inc. | Sold out | 0.00% | −0.24 |
| FPH Five Point Holdings LLC Class A | Reduce -9.6% | 0.40% | +0.02 |
| DHI D.R. Horton Inc. | Reduce -3.0% | 9.70% | +0.79 |
Portfolio Buys Q2 2024 → Q3 2024
| LEN Lennar Corp. Class A | New | 5.24% | +5.24 |
| NSA National Storage Affiliates | Add +425.5% | 4.46% | +3.59 |
| SUI Sun Communities Inc. | New | 2.92% | +2.92 |
| FUN Six Flags Entertainment Corp. | New | 2.62% | +2.62 |
| STWD Starwood Property Trust Inc. | New | 2.34% | +2.34 |
| ADC Agree Realty Corp. | Add +20.1% | 10.23% | +1.79 |
| WYNN WYNN Resorts Ltd. | New | 1.73% | +1.73 |
| HGV Hilton Grand Vacations Inc. | Add +122.4% | 4.35% | +1.72 |
| HLT Hilton Worldwide Holdings Inc. | New | 1.33% | +1.33 |
| TNL Travel + Leisure Co. | New | 1.07% | +1.07 |
| WH Wyndham Hotels & Resorts Inc. | New | 0.95% | +0.95 |
| MTH Meritage Homes Corp. | New | 0.89% | +0.89 |
| UDR Udr Inc. | New | 0.83% | +0.83 |
| BRSL Brightstar Lottery PLC | Add +69.5% | 2.54% | +0.80 |
| PLYA Playa Hotels & Resorts NV | Add +71.2% | 2.38% | +0.56 |
| VTMX Corp. Inmobiliaria Vesta-ADR | Add +61.8% | 3.18% | +0.54 |
| XHR Xenia Hotels & Resorts Inc. | New | 0.41% | +0.41 |
| FOR Forestar Group Inc. | New | 0.38% | +0.38 |
| RRR Red Rock Resorts Inc. Class A | Add +51.9% | 1.48% | +0.29 |
| MAA Mid-America Apartment Comm | Add +10.8% | 5.11% | +0.12 |
| PGRE Paramount Group Inc. | Add +19.1% | 1.97% | +0.09 |
| TRTX TPG Re Finance Trust Inc. | Add +17.9% | 1.29% | −0.05 |
| CPT Camden Property Trust | Add +0.4% | 5.65% | −0.34 |
| SMRT Smartrent Inc. | Add +8.1% | 0.78% | −0.42 |
| IRT Independence Realty Trust Inc. | Add +0.1% | 7.81% | −0.79 |
Options Activity Q2 2024 → Q3 2024
| DHI D.R. Horton Inc. | call | Sold out | 160,000 | $22.5Mbefore 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 |