Sophron Capital Management L.P.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Sophron Capital Management L.P. reported 43 stock positions worth $322.7 million. Its top holding was Agree Realty (ADC) at 7.8% of the portfolio, followed by Host Hotels & Resorts (HST, 6.3%) and Lennar Class A (LEN, 4.8%). Compared with Q1 2026, it opened 8 new positions, sold out of 6, added to 13 and reduced 22. The biggest buy was Host Hotels & Resorts (HST, shares +141%) and the biggest sale an exit from Meritage Homes (MTH).
- Most Recent 13F
- Q2 2026
- Location
- SUMMIT, NJ
- CIK
- 0002027142
- Portfolio Value
- $322.7M (Q2 2026)
- SEC Filing
- 0001214659-26-010386 ↗ filed Aug 14, 2026
Holdings Value
Holdings 43 stocks · $322.7M
| ADC Agree Realty Corp. | 7.77% | 331,087 | $25.1M | Add +31.9% |
| HST Host Hotels & Resorts Inc. | 6.34% | 862,907 | $20.5M | Add +140.9% |
| LEN Lennar Corp. Class A | 4.77% | 170,135 | $15.4M | Reduce -16.7% |
| AVB Avalonbay Communities Inc. | 4.39% | 74,987 | $14.1M | Reduce -37.1% |
| FCPT Four Corners Property Trust | 4.08% | 535,879 | $13.2M | Reduce -9.1% |
| ELS Equity Lifestyle Properties | 4.00% | 200,084 | $12.9M | Add +38.2% |
| REXR Rexford Industrial Realty Inc. | 3.99% | 384,763 | $12.9M | Add +7.6% |
| GLPI Gaming and Leisure Propertie | 3.66% | 265,161 | $11.8M | Reduce -7.1% |
| ESS Essex Property Trust Inc. | 3.26% | 36,114 | $10.5M | Reduce -54.3% |
| PECO Phillips Edison & Company Inc. | 3.25% | 251,859 | $10.5M | Reduce -34.4% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 3.19% | 387,641 | $10.3M | Add +45.3% |
| DRH Diamondrock Hospitality Co. | 3.07% | 813,676 | $9.9M | Reduce -3.4% |
| PHM Pultegroup Inc. | 3.04% | 71,495 | $9.8M | New |
| AMH American Homes 4 Rent- A | 2.94% | 283,360 | $9.5M | Reduce -30.5% |
| CHH Choice Hotels Intl Inc. | 2.89% | 84,576 | $9.3M | Reduce -29.9% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 2.83% | 134,534 | $9.1M | Reduce -47.8% |
| WH Wyndham Hotels & Resorts Inc. | 2.81% | 107,644 | $9.1M | Add +27.6% |
| UDR Udr Inc. | 2.64% | 213,157 | $8.5M | Reduce -44.8% |
| REG Regency Centers Corp. | 2.64% | 106,627 | $8.5M | New |
| DLR Digital Realty Trust Inc. | 2.52% | 45,249 | $8.1M | Add +48.6% |
| CUBE Cubesmart | 2.25% | 182,764 | $7.3M | Reduce -26.4% |
| IRT Independence Realty Trust Inc. | 2.21% | 427,943 | $7.1M | Add +102.6% |
| SHO Sunstone Hotel Investors Inc. | 1.94% | 545,872 | $6.3M | New |
| PLD Prologis Inc. | 1.76% | 41,954 | $5.7M | New |
| RHP Ryman Hospitality Properties | 1.75% | 44,014 | $5.7M | Reduce -63.2% |
| NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC | 1.67% | 70,659 | $5.4M | Add +99.5% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 1.65% | 44,380 | $5.3M | Add +204.6% |
| CCI Crown Castle Inc. | 1.47% | 62,463 | $4.7M | Add +30.3% |
| AMT American Tower Corp. | 1.25% | 24,682 | $4.0M | Add +16.4% |
| STAG Stag Industrial Inc. | 1.23% | 103,852 | $4.0M | Add +493.7% |
| SBAC SBA Communications Corp. | 1.21% | 22,201 | $3.9M | Reduce -56.5% |
| INVH Invitation Homes Inc. | 1.18% | 125,741 | $3.8M | Reduce -60.4% |
| EGP Eastgroup Properties Inc. | 1.01% | 16,084 | $3.3M | Reduce -61.8% |
| PSA Public Storage | 0.93% | 9,424 | $3.0M | Reduce -67.4% |
| EPRT Essential Properties Realty | 0.89% | 95,745 | $2.9M | New |
| JAN Janus Living Inc. Class-A-1 | 0.75% | 84,450 | $2.4M | Reduce -15.6% |
| EXR Extra Space Storage Inc. | 0.71% | 15,659 | $2.3M | Reduce -52.1% |
| DOC Healthpeak Properties Inc. | 0.58% | 87,147 | $1.9M | Reduce -60.6% |
| NNN NNN REIT Inc. | 0.49% | 34,116 | $1.6M | Reduce -71.8% |
| MAR Marriott International Class A | 0.47% | 4,129 | $1.5M | New |
| LXP LXP Industrial Trust | 0.29% | 17,163 | $925K | Reduce -86.5% |
| EQIX Equinix Inc. | 0.17% | 517 | $539K | New |
| CURB Curbline Properties Corp. | 0.07% | 7,208 | $219K | New |
Portfolio Sells Q1 2026 → Q2 2026
| MTH Meritage Homes Corp. | Sold out | 0.00% | −4.29 |
| ESS Essex Property Trust Inc. | Reduce -54.3% | 3.26% | −2.37 |
| VMRK Vivmark Residential | Reduce -47.8% | 2.83% | −1.66 |
| RHP Ryman Hospitality Properties | Reduce -63.2% | 1.75% | −1.50 |
| LXP LXP Industrial Trust | Reduce -86.5% | 0.29% | −1.45 |
| BNL Broadstone Net Lease Inc. | Sold out | 0.00% | −1.38 |
| SBAC SBA Communications Corp. | Reduce -56.5% | 1.21% | −1.38 |
| PSA Public Storage | Reduce -67.4% | 0.93% | −1.38 |
| AVB Avalonbay Communities Inc. | Reduce -37.1% | 4.39% | −1.35 |
| EGP Eastgroup Properties Inc. | Reduce -61.8% | 1.01% | −1.29 |
| UDR Udr Inc. | Reduce -44.8% | 2.64% | −1.20 |
| INVH Invitation Homes Inc. | Reduce -60.4% | 1.18% | −1.15 |
| FRT Federal Realty Invs Trust | Sold out | 0.00% | −1.10 |
| NNN NNN REIT Inc. | Reduce -71.8% | 0.49% | −1.01 |
| PECO Phillips Edison & Company Inc. | Reduce -34.4% | 3.25% | −0.98 |
| CHH Choice Hotels Intl Inc. | Reduce -29.9% | 2.89% | −0.79 |
| EXR Extra Space Storage Inc. | Reduce -52.1% | 0.71% | −0.56 |
| DOC Healthpeak Properties Inc. | Reduce -60.6% | 0.58% | −0.49 |
| LEN Lennar Corp. Class A | Reduce -16.7% | 4.77% | −0.46 |
| CUBE Cubesmart | Reduce -26.4% | 2.25% | −0.43 |
| SILA Sila Realty Trust Inc. | Sold out | 0.00% | −0.42 |
| AMH American Homes 4 Rent- A | Reduce -30.5% | 2.94% | −0.41 |
| HIW Highwoods Properties Inc. | Sold out | 0.00% | −0.31 |
| ARI Apollo Commercial Real Estat | Sold out | 0.00% | −0.22 |
| GLPI Gaming and Leisure Propertie | Reduce -7.1% | 3.66% | −0.07 |
| FCPT Four Corners Property Trust | Reduce -9.1% | 4.08% | −0.03 |
| JAN Janus Living Inc. Class-A-1 | Reduce -15.6% | 0.75% | +0.06 |
| DRH Diamondrock Hospitality Co. | Reduce -3.4% | 3.07% | +0.75 |
Portfolio Buys Q1 2026 → Q2 2026
| HST Host Hotels & Resorts Inc. | Add +140.9% | 6.34% | +4.32 |
| PHM Pultegroup Inc. | New | 3.04% | +3.04 |
| REG Regency Centers Corp. | New | 2.64% | +2.64 |
| ADC Agree Realty Corp. | Add +31.9% | 7.77% | +2.20 |
| SHO Sunstone Hotel Investors Inc. | New | 1.94% | +1.94 |
| PLD Prologis Inc. | New | 1.76% | +1.76 |
| ELS Equity Lifestyle Properties | Add +38.2% | 4.00% | +1.33 |
| IRT Independence Realty Trust Inc. | Add +102.6% | 2.21% | +1.29 |
| SUI Sun Communities Inc. | Add +204.6% | 1.65% | +1.11 |
| VICI Vici Properties Inc. | Add +45.3% | 3.19% | +1.04 |
| STAG Stag Industrial Inc. | Add +493.7% | 1.23% | +1.04 |
| DLR Digital Realty Trust Inc. | Add +48.6% | 2.52% | +0.90 |
| EPRT Essential Properties Realty | New | 0.89% | +0.89 |
| NHI Natl Health Investors Inc. | Add +99.5% | 1.67% | +0.83 |
| WH Wyndham Hotels & Resorts Inc. | Add +27.6% | 2.81% | +0.79 |
| REXR Rexford Industrial Realty Inc. | Add +7.6% | 3.99% | +0.55 |
| MAR Marriott International Class A | New | 0.47% | +0.47 |
| CCI Crown Castle Inc. | Add +30.3% | 1.47% | +0.32 |
| AMT American Tower Corp. | Add +16.4% | 1.25% | +0.17 |
| EQIX Equinix Inc. | New | 0.17% | +0.17 |
| CURB Curbline Properties Corp. | New | 0.07% | +0.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 43 | $322.7M | ADC, HST, LEN, AVB, FCPT |
| Q1 2026 | 41 | $339.4M | AVB, ESS, ADC, LEN, VMRK |
| Q4 2025 | 39 | $311.1M | ADC, ESS, VMRK, MTH, FCPT |
| Q3 2025 | 39 | $324.6M | ADC, MTH, PECO, AVB, ESS |
| Q2 2025 | 39 | $326.7M | ADC, GLPI, AVB, MTH, ESS |
| Q1 2025 | 39 | $294.1M | AVB, VMRK, ESS, MAR, REXR |
| Q4 2024 | 38 | $253.0M | VMRK, REXR, ESS, VICI, ADC |