Institutional Manager · CIK 0001595907
HGI Capital Management, LLC
NEW YORK, NY · File #028-17209
Latest AUM
$36.4M
Positions
21
Top-10 Concentration
55.7%
Filings
8
Portfolio Value Over Time
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | Newmark Group Inc | 65158N102 | -222,069 | -$4.1M | +$1.9M |
| EXITED | Empire State Realty Trust Inc | 292104106 | -494,696 | -$4.0M | $0 |
| EXITED | Invitation Homes Inc | 46187W107 | -110,106 | -$3.6M | $0 |
| EXITED | Camden Property Trust | 133131102 | -31,590 | -$3.6M | $0 |
| EXITED | Kite Realty Group Trust | 49803T300 | -150,618 | -$3.4M | $0 |
| EXITED | Vornado Realty Trust | 929042109 | -88,686 | -$3.4M | $0 |
| EXITED | Equity LifeStyle Properties Inc | 29472R108 | -47,474 | -$2.9M | $0 |
| REDUCE | Host Hotels & Resorts Inc | 44107P104 | -145,075 | -$2.5M | +$372,797 |
| REDUCE | UDR Inc | 902653104 | -61,819 | -$2.3M | -$383,259 |
| REDUCE | Equity Residential | 29476L107 | -34,126 | -$2.2M | -$163,542 |
Filing History
- 13F HOLDINGS REPORTQ/E Sep 202521 pos · $36.4M
- 13F HOLDINGS REPORTQ/E Jun 202523 pos · $73.8M
- 13F HOLDINGS REPORTQ/E Mar 202522 pos · $80.2M
- 13F HOLDINGS REPORTQ/E Dec 202418 pos · $97.2M
- 13F HOLDINGS REPORTQ/E Sep 202417 pos · $114.6M
- 13F HOLDINGS REPORTQ/E Jun 202419 pos · $106.5M
- 13F HOLDINGS REPORTQ/E Mar 202443 pos · $92.8M
- 13F HOLDINGS REPORTQ/E Dec 202341 pos · $88.0M
Top 20 Holdings — Sep 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | Equinix Inc | 29444U700 | 3,053 | $2.4M | 6.57% |
| 2 | CBRE Group Inc | 12504L109 | 14,632 | $2.3M | 6.33% |
| 3 | First Industrial Realty Trust Inc | 32054K103 | 39,373 | $2.0M | 5.57% |
| 4 | Digital Realty Trust Inc | 253868103 | 11,661 | $2.0M | 5.54% |
| 5 | Home Depot | 437076102 | 4,944 | $2.0M | 5.50% |
| 6 | Extra Space Storage Inc | 30225T102 | 14,110 | $2.0M | 5.46% |
| 7 | Public Storage | 74460D109 | 6,654 | $1.9M | 5.28% |
| 8 | Alexandria Real Estate Equities Inc | 015271109 | 22,773 | $1.9M | 5.21% |
| 9 | Prologis Inc | 74340W103 | 16,330 | $1.9M | 5.14% |
| 10 | Essex Property Trust Inc | 297178105 | 6,930 | $1.9M | 5.10% |
| 11 | Ventas Inc | 92276F100 | 25,138 | $1.8M | 4.83% |
| 12 | UDR Inc | 902653104 | 45,536 | $1.7M | 4.66% |
| 13 | Equity Residential | 29476L107 | 25,128 | $1.6M | 4.47% |
| 14 | Phillips Edison & Co Inc | 71844V201 | 47,268 | $1.6M | 4.46% |
| 15 | Veris Residential Inc | 554489104 | 105,494 | $1.6M | 4.41% |
| 16 | Omega Healthcare Investors Inc | 681936100 | 36,722 | $1.6M | 4.26% |
| 17 | VICI Properties Inc | 925652109 | 46,931 | $1.5M | 4.21% |
| 18 | Host Hotels & Resorts Inc | 44107P104 | 79,502 | $1.4M | 3.72% |
| 19 | Newmark Group Inc | 65158N102 | 70,688 | $1.3M | 3.62% |
| 20 | Broadstone Net Lease Inc | 11135E203 | 68,558 | $1.2M | 3.37% |