MQS Management LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), MQS Management LLC reported 402 stock positions worth $174.2 million. Its top holding was Avalonbay Communities (AVB) at 1.1% of the portfolio, followed by Public Storage (PSA, 0.9%) and Camden Property Trust (CPT, 0.8%). Compared with Q4 2024, it opened 395 new positions, sold out of 10 and added to 7. The biggest buy was a new position in Avalonbay Communities (AVB) and the biggest sale an exit from Essex Property Trust (ESS).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001759395
Portfolio Value
$174.2M (Q1 2025)
SEC Filing
0001420506-25-000848 ↗ filed May 1, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $174.4M Q1 2024 Q2 2024: $165.4M Q2 2024 Q3 2024: $179.1M Q3 2024 Q4 2024: $3.5M Q4 2024 Q1 2025: $174.2M $174.2M Q1 2025 Q2 2025: $181.4M Q2 2025 Q3 2025: $171.4M Q3 2025 Q4 2025: $169.6M Q4 2025 Q1 2026: $148.0M Q1 2026 Q2 2026: $81.9M Q2 2026

Holdings 402 stocks · $174.2M

AVB Avalonbay Communities Inc. 1.09% 8,830 $1.9M New
PSA Public Storage 0.89% 5,170 $1.5M New
CPT Camden Property Trust 0.82% 11,621 $1.4M New
FCPT Four Corners Property Trust 0.76% 46,415 $1.3M New
PG The Procter & Gamble Co. 0.67% 6,899 $1.2M New
DHI D.R. Horton Inc. 0.65% 8,906 $1.1M New
HST Host Hotels & Resorts Inc. 0.65% 79,158 $1.1M New
RIO Rio Tinto PLC-Spon ADR 0.57% 16,389 $985K Add +276.9%
KHC The Kraft Heinz Co. 0.56% 32,234 $981K New
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.56% 992 $980K New
BNL Broadstone Net Lease Inc. 0.56% 57,185 $974K Add +394.9%
COP Conocophillips 0.56% 9,261 $973K New
SPG Simon Property Group Inc. 0.56% 5,829 $968K New
WMT Walmart Inc. 0.54% 10,772 $946K New
SYK Stryker Corp. 0.54% 2,533 $943K New
FDUS Fidus Investment Corp. 0.54% 45,889 $936K New
HD Home Depot Inc. 0.53% 2,537 $930K New
VLO Valero Energy Corp. 0.53% 6,956 $919K New
SBAC SBA Communications Corp. 0.52% 4,102 $902K New
PLD Prologis Inc. 0.52% 8,044 $899K New
LMT Lockheed Martin Corp. 0.52% 2,013 $899K Add +295.5%
ADP Automatic Data Processing 0.51% 2,912 $890K New
MSA Msa Safety Inc. 0.51% 6,019 $883K New
MRSH Marsh & McLennan Cos 0.51% 3,613 $882K New
VMC Vulcan Materials Co. 0.50% 3,770 $880K New
PEP Pepsico Inc. 0.49% 5,750 $862K Add +300.1%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.49% 18,055 $856K New
HAL Halliburton Co. 0.49% 33,365 $846K New
HLT Hilton Worldwide Holdings Inc. 0.48% 3,706 $843K Add +249.3%
ALLE Allegion PLC 0.48% 6,456 $842K New
MAS Masco Corp. 0.47% 11,854 $824K New
FRT Federal Realty Invs Trust 0.47% 8,397 $821K New
ALEX Alexander & Baldwin Inc. 0.47% 47,643 $821K New
TXT Textron Inc. 0.47% 11,214 $810K New
LOW Lowe's Cos Inc. 0.46% 3,440 $802K New
PEG Public Service Enterprise GP 0.46% 9,747 $802K New
AMAT Applied Materials Inc. 0.46% 5,479 $795K New
BKR Baker Hughes Co. 0.45% 17,643 $775K New
GOOD Gladstone Commercial Corp. 0.43% 50,264 $753K New
EVRG Evergy Inc. 0.43% 10,859 $749K New
NVR NVR Inc. 0.43% 103 $746K New
TNL Travel + Leisure Co. 0.42% 15,990 $740K New
LH Labcorp Holdings Inc. 0.42% 3,157 $735K New
VLTO Veralto Corp. 0.42% 7,512 $732K New
RPM RPM International Inc. 0.42% 6,286 $727K New
ACM Aecom 0.42% 7,810 $724K New
B Barrick Gold Corp. 0.41% 37,142 $722K New
TU Telus Corp. 0.41% 50,075 $718K New
CLH Clean Harbors Inc. 0.41% 3,623 $714K New
AXP American Express Co. 0.41% 2,652 $714K New
PKG Packaging Corp. of America 0.41% 3,592 $711K Add +263.6%
SU Suncor Energy Inc. 0.40% 18,109 $701K New
FELE Franklin Electric Co. Inc. 0.40% 7,408 $695K New
MDT Medtronic PLC 0.40% 7,715 $693K New
NVGS Navigator Holdings Ltd. 0.39% 51,607 $687K New
MHO M/I Homes Inc. 0.39% 5,995 $685K New
KIM Kimco Realty Corp. 0.39% 32,138 $683K New
GSBD Goldman Sachs BDC Inc. 0.39% 57,823 $672K New
NEE Nextera Energy Inc. 0.38% 9,417 $668K New
LCII Lci Industries 0.37% 7,457 $652K New
MSGS Madison Square Garden Sports 0.37% 3,341 $651K New
TOL Toll Brothers Inc. 0.37% 6,148 $649K New
MET Metlife Inc. 0.37% 8,082 $649K New
CCAP Crescent Capital BDC Inc. 0.37% 37,852 $648K New
RS Reliance Inc. 0.37% 2,243 $648K New
EXR Extra Space Storage Inc. 0.37% 4,327 $643K New
VTR Ventas Inc. 0.37% 9,343 $642K New
PNC PNC Financial Services Group 0.36% 3,612 $635K New
ROST Ross Stores Inc. 0.36% 4,929 $630K New
GS Goldman Sachs Group Inc. 0.36% 1,149 $628K New
BALL Ball Corp. 0.36% 11,997 $625K New
CSV Carriage Services Inc. 0.36% 16,017 $621K New
IQV Iqvia Holdings Inc. 0.36% 3,513 $619K New
GNTX Gentex Corp. 0.35% 26,479 $617K New
BBDC Barings BDC Inc. 0.35% 64,640 $617K New
GIB Cgi Inc. 0.35% 6,086 $608K New
PTC PTC Inc. 0.35% 3,921 $608K New
PFE Pfizer Inc. 0.35% 23,773 $602K New
SEIC Sei Investments Company 0.34% 7,683 $596K New
SSNC Ss&c Technologies Holdings 0.34% 7,124 $595K New
MTG Mgic Investment Corp. 0.34% 23,956 $594K New
IT Gartner Inc. 0.34% 1,414 $594K New
GIL Gildan Activewear Inc. 0.34% 13,389 $592K New
TSM Taiwan Semiconductor-SP ADR 0.34% 3,553 $590K New
KFRC Kforce Inc. 0.34% 12,048 $589K New
MGA Magna International Inc. 0.34% 17,318 $589K New
MA Mastercard Inc. Class A 0.34% 1,073 $588K New
WELL Welltower Inc. 0.34% 3,824 $586K New
VRSK Verisk Analytics Inc. 0.33% 1,945 $579K New
NI Nisource Inc. 0.33% 14,406 $578K New
JPM JPMorgan Chase & Co. 0.33% 2,331 $572K New
SLRC SLR Investment Corp. 0.33% 33,811 $570K New
MAR Marriott International Class A 0.33% 2,378 $566K New
LVS Las Vegas Sands Corp. 0.32% 14,597 $564K New
SF Stifel Financial Corp. 0.32% 5,976 $563K New
NWSA News Corp. Class A 0.32% 20,666 $563K New
STZ Constellation Brands Inc. Class A 0.32% 3,036 $557K New
CCEP Coca-Cola Europacific Partne 0.32% 6,352 $553K New
PRU Prudential Financial Inc. 0.32% 4,947 $552K New
RITM Rithm Capital Corp. 0.32% 48,051 $550K New

Show all 402 holdings

Portfolio Sells Q4 2024 → Q1 2025

ESS Essex Property Trust Inc. Sold out 0.00% −7.09
MSFT Microsoft Corp. Sold out 0.00% −7.05
CNQ Canadian Natural Resources Sold out 0.00% −6.48
DE Deere & Co. Sold out 0.00% −6.40
BRX Brixmor Property Group Inc. Sold out 0.00% −6.14
WCN Waste Connections Inc. Sold out 0.00% −5.78
PFLT Pennantpark Floating Rate Ca Sold out 0.00% −5.27
DRH Diamondrock Hospitality Co. Sold out 0.00% −5.05
LXP LXP Industrial Trust Sold out 0.00% −4.31
GOLDEN OCEAN GROUP LTD Sold out 0.00% −3.41

Portfolio Buys Q4 2024 → Q1 2025

AVB Avalonbay Communities Inc. New 1.09% +1.09
PSA Public Storage New 0.89% +0.89
CPT Camden Property Trust New 0.82% +0.82
FCPT Four Corners Property Trust New 0.76% +0.76
PG The Procter & Gamble Co. New 0.67% +0.67
DHI D.R. Horton Inc. New 0.65% +0.65
HST Host Hotels & Resorts Inc. New 0.65% +0.65
KHC The Kraft Heinz Co. New 0.56% +0.56
GWW WW Grainger Inc. New 0.56% +0.56
COP Conocophillips New 0.56% +0.56
SPG Simon Property Group Inc. New 0.56% +0.56
WMT Walmart Inc. New 0.54% +0.54
SYK Stryker Corp. New 0.54% +0.54
FDUS Fidus Investment Corp. New 0.54% +0.54
HD Home Depot Inc. New 0.53% +0.53
VLO Valero Energy Corp. New 0.53% +0.53
SBAC SBA Communications Corp. New 0.52% +0.52
PLD Prologis Inc. New 0.52% +0.52
ADP Automatic Data Processing New 0.51% +0.51
MSA Msa Safety Inc. New 0.51% +0.51
MRSH Marsh & McLennan Cos New 0.51% +0.51
VMC Vulcan Materials Co. New 0.50% +0.50
BNS Bank of Nova Scotia New 0.49% +0.49
HAL Halliburton Co. New 0.49% +0.49
ALLE Allegion PLC New 0.48% +0.48
MAS Masco Corp. New 0.47% +0.47
FRT Federal Realty Invs Trust New 0.47% +0.47
ALEX Alexander & Baldwin Inc. New 0.47% +0.47
TXT Textron Inc. New 0.47% +0.47
LOW Lowe's Cos Inc. New 0.46% +0.46
PEG Public Service Enterprise GP New 0.46% +0.46
AMAT Applied Materials Inc. New 0.46% +0.46
BKR Baker Hughes Co. New 0.45% +0.45
GOOD Gladstone Commercial Corp. New 0.43% +0.43
EVRG Evergy Inc. New 0.43% +0.43
NVR NVR Inc. New 0.43% +0.43
TNL Travel + Leisure Co. New 0.42% +0.42
LH Labcorp Holdings Inc. New 0.42% +0.42
VLTO Veralto Corp. New 0.42% +0.42
RPM RPM International Inc. New 0.42% +0.42
ACM Aecom New 0.42% +0.42
B Barrick Gold Corp. New 0.41% +0.41
TU Telus Corp. New 0.41% +0.41
CLH Clean Harbors Inc. New 0.41% +0.41
AXP American Express Co. New 0.41% +0.41
SU Suncor Energy Inc. New 0.40% +0.40
FELE Franklin Electric Co. Inc. New 0.40% +0.40
MDT Medtronic PLC New 0.40% +0.40
NVGS Navigator Holdings Ltd. New 0.39% +0.39
MHO M/I Homes Inc. New 0.39% +0.39

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 253$81.9MHIG, HLT, PG, MAR, AVY
Q1 2026 366$148.0MADP, MPC, COP, BHP, CVX
Q4 2025 386$169.6MBHP, VMRK, VMC, KIM, RSG
Q3 2025 404$171.4MKIM, HLT, SLB, NVR, GD
Q2 2025 442$181.4MUDR, PSA, XOM, MAA, RIO
Q1 2025 402$174.2MAVB, PSA, CPT, FCPT, PG
Q4 2024 17$3.5MHLT, RIO, ESS, MSFT, LMT
Q3 2024 413$179.1MAEM, AMT, COP, PG, WCN
Q2 2024 408$165.4MAPH, CHD, BTI, ESS, WM
Q1 2024 414$174.4MMDLZ, LEN, PHM, HD, MCD