MQS Management LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), MQS Management LLC reported 17 stock positions worth $3.5 million. Its top holding was Hilton Worldwide (HLT) at 7.5% of the portfolio, followed by Rio Tinto PLC-Spon ADR (RIO, 7.3%) and Essex Property Trust (ESS, 7.1%). Compared with Q3 2024, it opened 11 new positions, sold out of 407 and reduced 6. The biggest buy was a new position in Hilton Worldwide (HLT) and the biggest sale an exit from Agnico Eagle Mines (AEM).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001759395
- Portfolio Value
- $3.5M (Q4 2024)
- SEC Filing
- 0001420506-25-000199 ↗ filed Feb 7, 2025
Holdings Value
Holdings 17 stocks · $3.5M
| HLT Hilton Worldwide Holdings Inc. | 7.46% | 1,061 | $262K | New |
| RIO Rio Tinto PLC-Spon ADR | 7.28% | 4,348 | $256K | New |
| ESS Essex Property Trust Inc. | 7.09% | 873 | $249K | Reduce -72.3% |
| MSFT Microsoft Corp. | 7.05% | 588 | $248K | New |
| LMT Lockheed Martin Corp. | 7.04% | 509 | $247K | New |
| CNQ Canadian Natural Resources | 6.48% | 7,372 | $228K | Reduce -44.2% |
| DE Deere & Co. | 6.40% | 531 | $225K | New |
| PKG Packaging Corp. of America | 6.33% | 988 | $222K | New |
| PEP Pepsico Inc. | 6.22% | 1,437 | $219K | Reduce -76.3% |
| BRX Brixmor Property Group Inc. | 6.14% | 7,748 | $216K | New |
| WCN Waste Connections Inc. | 5.78% | 1,184 | $203K | Reduce -82.6% |
| PFLT Pennantpark Floating Rate Ca | 5.27% | 16,959 | $185K | New |
| BNL Broadstone Net Lease Inc. | 5.21% | 11,554 | $183K | New |
| DRH Diamondrock Hospitality Co. | 5.05% | 19,649 | $177K | Reduce -28.8% |
| LXP LXP Industrial Trust | 4.31% | 18,638 | $151K | Reduce -61.5% |
| NMFC New Mountain Finance Corp. filed as NEW MTN FIN CORP | 3.49% | 10,894 | $123K | New |
| GOLDEN OCEAN GROUP LTD | 3.41% | 13,382 | $120K | New |
Portfolio Sells Q3 2024 → Q4 2024
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −0.75 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.72 |
| COP Conocophillips | Sold out | 0.00% | −0.71 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.68 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.67 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.66 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.64 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.63 |
| FRT Federal Realty Invs Trust | Sold out | 0.00% | −0.61 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.59 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.59 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.59 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.58 |
| WGO Winnebago Industries | Sold out | 0.00% | −0.57 |
| DCI Donaldson Co. Inc. | Sold out | 0.00% | −0.55 |
| PCAR Paccar Inc. | Sold out | 0.00% | −0.55 |
| CB Chubb Ltd. | Sold out | 0.00% | −0.52 |
| CUBE Cubesmart | Sold out | 0.00% | −0.51 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.51 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.51 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.50 |
| AVY Avery Dennison Corp. | Sold out | 0.00% | −0.50 |
| FE Firstenergy Corp. | Sold out | 0.00% | −0.49 |
| WELL Welltower Inc. | Sold out | 0.00% | −0.49 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −0.49 |
| AMH American Homes 4 Rent- A | Sold out | 0.00% | −0.48 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.48 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.47 |
| RY Royal Bank of Canada | Sold out | 0.00% | −0.47 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.47 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.46 |
| KBH KB Home | Sold out | 0.00% | −0.45 |
| AIN Albany Intl Corp. Class A | Sold out | 0.00% | −0.45 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.43 |
| BCO The Brink's Co. | Sold out | 0.00% | −0.43 |
| FITB Fifth Third Bancorp | Sold out | 0.00% | −0.43 |
| PCH Potlatchdeltic Corp. | Sold out | 0.00% | −0.43 |
| TMHC Taylor Morrison Home Corp. | Sold out | 0.00% | −0.43 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.43 |
| BXSL Blackstone Secured Lending F | Sold out | 0.00% | −0.42 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.42 |
| TSLX Sixth Street Specialty Lendi | Sold out | 0.00% | −0.42 |
| PAG Penske Automotive Group Inc. | Sold out | 0.00% | −0.42 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.42 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.41 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.41 |
| RCI Rogers Communications Inc. Class B | Sold out | 0.00% | −0.41 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.40 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.40 |
| TPH Tri Pointe Homes Inc. | Sold out | 0.00% | −0.40 |
Portfolio Buys Q3 2024 → Q4 2024
| HLT Hilton Worldwide Holdings Inc. | New | 7.46% | +7.46 |
| RIO Rio Tinto PLC-Spon ADR | New | 7.28% | +7.28 |
| MSFT Microsoft Corp. | New | 7.05% | +7.05 |
| LMT Lockheed Martin Corp. | New | 7.04% | +7.04 |
| DE Deere & Co. | New | 6.40% | +6.40 |
| PKG Packaging Corp. of America | New | 6.33% | +6.33 |
| BRX Brixmor Property Group Inc. | New | 6.14% | +6.14 |
| PFLT Pennantpark Floating Rate Ca | New | 5.27% | +5.27 |
| BNL Broadstone Net Lease Inc. | New | 5.21% | +5.21 |
| NMFC New Mountain Finance Corp. | New | 3.49% | +3.49 |
| GOLDEN OCEAN GROUP LTD | New | 3.41% | +3.41 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 253 | $81.9M | HIG, HLT, PG, MAR, AVY |
| Q1 2026 | 366 | $148.0M | ADP, MPC, COP, BHP, CVX |
| Q4 2025 | 386 | $169.6M | BHP, VMRK, VMC, KIM, RSG |
| Q3 2025 | 404 | $171.4M | KIM, HLT, SLB, NVR, GD |
| Q2 2025 | 442 | $181.4M | UDR, PSA, XOM, MAA, RIO |
| Q1 2025 | 402 | $174.2M | AVB, PSA, CPT, FCPT, PG |
| Q4 2024 | 17 | $3.5M | HLT, RIO, ESS, MSFT, LMT |
| Q3 2024 | 413 | $179.1M | AEM, AMT, COP, PG, WCN |
| Q2 2024 | 408 | $165.4M | APH, CHD, BTI, ESS, WM |
| Q1 2024 | 414 | $174.4M | MDLZ, LEN, PHM, HD, MCD |