In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Long Pond Capital, LP reported 32 stock positions worth $978.1 million . Its top holding was Independence Realty Trust (IRT) at 8.7% of the portfolio, followed by Janus Living Inc. Class-A-1 (JAN, 7.9% ) and JBG Smith Properties (JBGS, 6.6% ). Compared with Q4 2025, it opened 11 new positions, sold out of 9, added to 10 and reduced 9. The biggest buy was a new position in Janus Living Inc. Class-A-1 (JAN) and the biggest sale an exit from National Storage Affiliates (NSA).
Location New York, NY
CIK 0001499066
Portfolio Value $978.1M (Q1 2026) Holdings 32 stocks · $978.1M 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 Q4 2025 IRT Independence Realty Trust Inc. 5,727,238 $85.3M Add +472.4% JAN Janus Living Inc. Class-A-1 3,290,000 $77.5M New JBGS JBG Smith Properties 4,414,269 $64.5M Add +6.4% WH Wyndham Hotels & Resorts Inc. 701,663 $57.0M Add +107.7% TRTX TPG Re Finance Trust Inc. 7,029,102 $54.9M Reduce -0.1% PRKS United Parks & Resorts Inc. 1,680,727 $54.9M Add +96.6% WYNN WYNN Resorts Ltd. 529,057 $53.7M New COLD Americold Realty Trust Inc. 4,498,210 $51.5M Reduce -22.8% INN Summit Hotel Properties Inc. 9,400,000 $41.5M No change DOC Healthpeak Properties Inc. 2,490,700 $40.9M New CPT Camden Property Trust 401,134 $39.2M Add +647.3% KREF KKR Real Estate Finance Trus 5,733,513 $35.1M Add +266.8% NCLH Norwegian Cruise Line Holdin 1,730,000 $32.4M New H Hyatt Hotels Corp. Class A 223,989 $32.2M Add +10.1% AMH American Homes 4 Rent- A 1,111,773 $31.0M New KRC Kilroy Realty Corp. 1,039,178 $29.3M New POOL Pool Corp. 109,500 $22.2M New JHX James Hardie Ind PLC 1,155,000 $21.9M New HGV Hilton Grand Vacations Inc. 485,394 $19.0M Reduce -33.7% SMA Smartstop Self Storage REIT 613,458 $18.6M New CUBE Cubesmart 435,429 $16.0M Add +25.5% LINE Lineage Inc. 410,971 $13.5M Add +123.2% FUN Six Flags Entertainment Corp. 750,424 $13.3M New NXRT Nexpoint Residential 452,604 $11.3M Reduce -46.3% CSR Centerspace 190,000 $10.9M Reduce -57.2% TMHC Taylor Morrison Home Corp. 174,364 $10.2M New COMP Compass Inc. Class A 1,216,711 $8.9M Reduce -75.7% SMRT Smartrent Inc. 5,610,150 $8.4M No change SAFE Safehold Inc. 553,703 $7.5M Reduce -41.4% MHO M/I Homes Inc. 47,595 $5.8M Reduce -33.1% MAA Mid-America Apartment Comm 40,503 $4.9M Add +2.0% SLG SL Green Realty Corp. 129,500 $4.8M Reduce -6.3%
Options reported separately and not counted above: SBAC calls ($68.8M).
Portfolio Sells Q4 2025 → Q1 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 Q4 2025 % Of Portfolio Change To Portfolio ▲ NSA National Storage Affiliates Sold out 0.00% −8.59 COMP Compass Inc. Class A Reduce -75.7% 0.91% −5.30 PLD Prologis Inc. Sold out 0.00% −5.25 GLPI Gaming and Leisure Propertie Sold out 0.00% −5.22 CZR Caesars Entertainment Inc. Sold out 0.00% −4.07 COLD Americold Realty Trust Inc. Reduce -22.8% 5.27% −3.53 AVB Avalonbay Communities Inc. Sold out 0.00% −2.98 ARE Alexandria Real Estate Equit Sold out 0.00% −2.76 CSR Centerspace Reduce -57.2% 1.12% −2.37 TREX Trex Company Inc. Sold out 0.00% −2.00 HGV Hilton Grand Vacations Inc. Reduce -33.7% 1.94% −1.91 NXRT Nexpoint Residential Reduce -46.3% 1.16% −1.82 TRTX TPG Re Finance Trust Inc. Reduce -0.1% 5.61% −1.50 SAFE Safehold Inc. Reduce -41.4% 0.77% −0.75 SHO Sunstone Hotel Investors Inc. Sold out 0.00% −0.51 MHO M/I Homes Inc. Reduce -33.1% 0.60% −0.47 VRE Veris Residential Inc. Sold out 0.00% −0.26 SLG SL Green Realty Corp. Reduce -6.3% 0.49% −0.26
Portfolio Buys Q4 2025 → Q1 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 Q4 2025 % Of Portfolio Change To Portfolio ▼ JAN Janus Living Inc. Class-A-1 New 7.93% +7.93 IRT Independence Realty Trust Inc. Add +472.4% 8.72% +6.66 WYNN WYNN Resorts Ltd. New 5.49% +5.49 DOC Healthpeak Properties Inc. New 4.18% +4.18 CPT Camden Property Trust Add +647.3% 4.01% +3.31 NCLH Norwegian Cruise Line Holdin New 3.31% +3.31 AMH American Homes 4 Rent- A New 3.17% +3.17 KRC Kilroy Realty Corp. New 3.00% +3.00 WH Wyndham Hotels & Resorts Inc. Add +107.7% 5.83% +2.83 POOL Pool Corp. New 2.27% +2.27 JHX James Hardie Ind PLC New 2.24% +2.24 KREF KKR Real Estate Finance Trus Add +266.8% 3.59% +2.08 PRKS United Parks & Resorts Inc. Add +96.6% 5.61% +1.97 SMA Smartstop Self Storage REIT New 1.90% +1.90 FUN Six Flags Entertainment Corp. New 1.36% +1.36 TMHC Taylor Morrison Home Corp. New 1.04% +1.04 LINE Lineage Inc. Add +123.2% 1.38% +0.62 CUBE Cubesmart Add +25.5% 1.63% +0.16 MAA Mid-America Apartment Comm Add +2.0% 0.51% −0.14 H Hyatt Hotels Corp. Class A Add +10.1% 3.29% −0.54 JBGS JBG Smith Properties Add +6.4% 6.59% −1.69
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ SBAC SBA Communications Corp. call New 400,000 $68.8M
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