Masterton Capital Management, LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Masterton Capital Management, LP reported 19 stock positions worth $140.1 million. Its top holding was Prologis (PLD) at 11.8% of the portfolio, followed by Agree Realty (ADC, 10.0%) and Rexford Industrial Realty (REXR, 9.6%). Compared with Q1 2024, it opened 11 new positions, sold out of 6, added to 4 and reduced 3. The biggest buy was a new position in American Homes 4 Rent- A (AMH) and the biggest sale Federal Realty Invs Trust (FRT, shares −73%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001817145
- Portfolio Value
- $140.1M (Q2 2024)
- SEC Filing
- 0001892688-24-000098 ↗ filed Aug 14, 2024
Holdings Value
Holdings 19 stocks · $140.1M
| PLD Prologis Inc. | 11.80% | 147,181 | $16.5M | Add +155.1% |
| ADC Agree Realty Corp. | 10.02% | 226,600 | $14.0M | No change |
| REXR Rexford Industrial Realty Inc. | 9.64% | 302,774 | $13.5M | Add +417.6% |
| AMH American Homes 4 Rent- A | 9.18% | 345,894 | $12.9M | New |
| REG Regency Centers Corp. | 8.22% | 185,157 | $11.5M | Add +177.2% |
| NNN NNN REIT Inc. | 6.57% | 216,152 | $9.2M | Reduce -51.0% |
| MCD McDonald's Corp. | 6.53% | 35,900 | $9.1M | Reduce -7.5% |
| ROST Ross Stores Inc. | 5.07% | 48,900 | $7.1M | New |
| PFGC Performance Food Group Co. | 5.03% | 106,621 | $7.0M | Add +157.9% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 4.83% | 236,400 | $6.8M | New |
| EQIX Equinix Inc. | 3.67% | 6,800 | $5.1M | New |
| FRT Federal Realty Invs Trust | 3.47% | 48,153 | $4.9M | Reduce -73.2% |
| DLR Digital Realty Trust Inc. | 3.18% | 29,300 | $4.5M | New |
| BXP BXP Inc. filed as BOSTON PROPERTIES INC | 2.50% | 56,800 | $3.5M | New |
| APLE Apple Hospitality REIT Inc. | 2.41% | 232,319 | $3.4M | New |
| HLT Hilton Worldwide Holdings Inc. | 2.18% | 14,000 | $3.1M | New |
| ELS Equity Lifestyle Properties | 2.07% | 44,500 | $2.9M | New |
| CBRE CBRE Group Inc. Class A | 2.02% | 31,700 | $2.8M | New |
| TOL Toll Brothers Inc. | 1.59% | 19,282 | $2.2M | New |
Portfolio Sells Q1 2024 → Q2 2024
| FRT Federal Realty Invs Trust | Reduce -73.2% | 3.47% | −10.92 |
| AVB Avalonbay Communities Inc. | Sold out | 0.00% | −10.06 |
| VMRK Vivmark Residential | Sold out | 0.00% | −8.67 |
| NNN NNN REIT Inc. | Reduce -51.0% | 6.57% | −8.19 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −6.37 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −5.39 |
| ESS Essex Property Trust Inc. | Sold out | 0.00% | −4.07 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −3.79 |
| MCD McDonald's Corp. | Reduce -7.5% | 6.53% | −2.04 |
Portfolio Buys Q1 2024 → Q2 2024
| AMH American Homes 4 Rent- A | New | 9.18% | +9.18 |
| REXR Rexford Industrial Realty Inc. | Add +417.6% | 9.64% | +7.33 |
| PLD Prologis Inc. | Add +155.1% | 11.80% | +5.91 |
| ROST Ross Stores Inc. | New | 5.07% | +5.07 |
| REG Regency Centers Corp. | Add +177.2% | 8.22% | +5.05 |
| VICI Vici Properties Inc. | New | 4.83% | +4.83 |
| EQIX Equinix Inc. | New | 3.67% | +3.67 |
| DLR Digital Realty Trust Inc. | New | 3.18% | +3.18 |
| PFGC Performance Food Group Co. | Add +157.9% | 5.03% | +2.61 |
| BXP BXP Inc. | New | 2.50% | +2.50 |
| APLE Apple Hospitality REIT Inc. | New | 2.41% | +2.41 |
| HLT Hilton Worldwide Holdings Inc. | New | 2.18% | +2.18 |
| ELS Equity Lifestyle Properties | New | 2.07% | +2.07 |
| CBRE CBRE Group Inc. Class A | New | 2.02% | +2.02 |
| TOL Toll Brothers Inc. | New | 1.59% | +1.59 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 24 | $118.1M | PLD, CBRE, FRT, ADC, SYY |
| Q1 2026 | 19 | $109.8M | FRT, PFGC, KIM, PLD, APLE |
| Q4 2025 | 22 | $143.5M | VMRK, FRT, PSA, AMH, INVH |
| Q3 2025 | 21 | $182.4M | FRT, VMRK, PSA, INVH, AMH |
| Q2 2025 | 20 | $165.4M | AMH, APLE, AZEK, BXP, DKS |
| Q1 2025 | 21 | $146.5M | KIM, PLD, ESS, ROST, APLE |
| Q4 2024 | 22 | $176.5M | FRT, VICI, REXR, NNN, AMH |
| Q3 2024 | 21 | $150.0M | REXR, FRT, VICI, NNN, VMRK |
| Q2 2024 | 19 | $140.1M | PLD, ADC, REXR, AMH, REG |
| Q1 2024 | 14 | $127.6M | NNN, FRT, ADC, AVB, VMRK |