Masterton Capital Management, LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Masterton Capital Management, LP reported 21 stock positions worth $150.0 million. Its top holding was Rexford Industrial Realty (REXR) at 11.3% of the portfolio, followed by Federal Realty Invs Trust (FRT, 9.6%) and Vici Properties (VICI, 9.3%). Compared with Q2 2024, it opened 8 new positions, sold out of 6, added to 6 and reduced 7. The biggest buy was a new position in Vivmark Residential (VMRK) and the biggest sale Prologis (PLD, shares −85%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001817145
- Portfolio Value
- $150.0M (Q3 2024)
- SEC Filing
- 0001892688-24-000147 ↗ filed Nov 14, 2024
Holdings Value
Holdings 21 stocks · $150.0M
| REXR Rexford Industrial Realty Inc. | 11.35% | 338,412 | $17.0M | Add +11.8% |
| FRT Federal Realty Invs Trust | 9.64% | 125,853 | $14.5M | Add +161.4% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 9.27% | 417,294 | $13.9M | Add +76.5% |
| NNN NNN REIT Inc. | 8.42% | 260,652 | $12.6M | Add +20.6% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 6.99% | 140,900 | $10.5M | New |
| WMT Walmart Inc. | 6.46% | 120,000 | $9.7M | New |
| INVH Invitation Homes Inc. | 5.76% | 244,970 | $8.6M | New |
| REG Regency Centers Corp. | 5.29% | 109,857 | $7.9M | Reduce -40.7% |
| BXP BXP Inc. | 4.61% | 86,000 | $6.9M | Add +51.4% |
| NKE Nike Inc. Class B | 4.41% | 74,800 | $6.6M | New |
| TREX Trex Company Inc. | 4.40% | 99,200 | $6.6M | New |
| APLE Apple Hospitality REIT Inc. | 3.98% | 402,026 | $6.0M | Add +73.0% |
| ROST Ross Stores Inc. | 2.97% | 29,600 | $4.5M | Reduce -39.5% |
| PFGC Performance Food Group Co. | 2.83% | 54,086 | $4.2M | Reduce -49.3% |
| ADC Agree Realty Corp. | 2.53% | 50,341 | $3.8M | Reduce -77.8% |
| AMH American Homes 4 Rent- A | 2.01% | 78,434 | $3.0M | Reduce -77.3% |
| WD Walker & Dunlop Inc. | 1.87% | 24,700 | $2.8M | New |
| RLJ RLJ Lodging Trust | 1.84% | 301,338 | $2.8M | New |
| PLD Prologis Inc. | 1.83% | 21,700 | $2.7M | Reduce -85.3% |
| KRC Kilroy Realty Corp. | 1.77% | 68,700 | $2.7M | New |
| ELS Equity Lifestyle Properties | 1.77% | 37,234 | $2.7M | Reduce -16.3% |
Portfolio Sells Q2 2024 → Q3 2024
| PLD Prologis Inc. | Reduce -85.3% | 1.83% | −9.98 |
| ADC Agree Realty Corp. | Reduce -77.8% | 2.53% | −7.49 |
| AMH American Homes 4 Rent- A | Reduce -77.3% | 2.01% | −7.17 |
| MCD McDonald's Corp. | Sold out | 0.00% | −6.53 |
| EQIX Equinix Inc. | Sold out | 0.00% | −3.67 |
| DLR Digital Realty Trust Inc. | Sold out | 0.00% | −3.18 |
| REG Regency Centers Corp. | Reduce -40.7% | 5.29% | −2.93 |
| PFGC Performance Food Group Co. | Reduce -49.3% | 2.83% | −2.21 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −2.18 |
| ROST Ross Stores Inc. | Reduce -39.5% | 2.97% | −2.10 |
| CBRE CBRE Group Inc. Class A | Sold out | 0.00% | −2.02 |
| TOL Toll Brothers Inc. | Sold out | 0.00% | −1.59 |
| ELS Equity Lifestyle Properties | Reduce -16.3% | 1.77% | −0.30 |
Portfolio Buys Q2 2024 → Q3 2024
| VMRK Vivmark Residential | New | 6.99% | +6.99 |
| WMT Walmart Inc. | New | 6.46% | +6.46 |
| FRT Federal Realty Invs Trust | Add +161.4% | 9.64% | +6.17 |
| INVH Invitation Homes Inc. | New | 5.76% | +5.76 |
| VICI Vici Properties Inc. | Add +76.5% | 9.27% | +4.43 |
| NKE Nike Inc. Class B | New | 4.41% | +4.41 |
| TREX Trex Company Inc. | New | 4.40% | +4.40 |
| BXP BXP Inc. | Add +51.4% | 4.61% | +2.12 |
| WD Walker & Dunlop Inc. | New | 1.87% | +1.87 |
| NNN NNN REIT Inc. | Add +20.6% | 8.42% | +1.85 |
| RLJ RLJ Lodging Trust | New | 1.84% | +1.84 |
| KRC Kilroy Realty Corp. | New | 1.77% | +1.77 |
| REXR Rexford Industrial Realty Inc. | Add +11.8% | 11.35% | +1.71 |
| APLE Apple Hospitality REIT Inc. | Add +73.0% | 3.98% | +1.57 |
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 |