Institutional Manager · CIK 0001817145
Masterton Capital Management, LP
NEW YORK, NY · File #028-20939
Latest AUM
$143.5M
Positions
22
Top-10 Concentration
75.9%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
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 | BURLINGTON STORES INC | BURL | -26,820 | -$7.7M | +$1.6M |
| REDUCE | FEDERAL RLTY INVT TR NEW | 313745101 | -72,100 | -$7.3M | -$125,279 |
| REDUCE | PROLOGIS INC. | PLDGP | -43,100 | -$5.5M | +$894,834 |
| REDUCE | MCDONALDS CORP | MCD | -15,240 | -$4.7M | +$42,283 |
| REDUCE | ROSS STORES INC | ROST | -22,100 | -$4.0M | +$769,561 |
| REDUCE | TREX CO INC | TREX | -107,400 | -$3.8M | -$2.6M |
| ADD | CHEFS WHSE INC | 163086101 | +51,300 | +$3.2M | +$279,600 |
| REDUCE | EXTRA SPACE STORAGE INC | EXR | -21,250 | -$2.8M | -$590,672 |
| EXITED | VICI PPTYS INC | 925652109 | -80,817 | -$2.6M | $0 |
| NEW | UDR INC | UDR | +68,400 | +$2.5M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202522 pos · $143.5M
- 13F HOLDINGS REPORTQ/E Sep 202521 pos · $182.4M
- 13F HOLDINGS REPORTQ/E Jun 202520 pos · $165.4M
- 13F HOLDINGS REPORTQ/E Mar 202521 pos · $146.5M
- 13F HOLDINGS REPORTQ/E Dec 202422 pos · $176.5M
- 13F HOLDINGS REPORTQ/E Sep 202421 pos · $150.0M
- 13F HOLDINGS REPORTQ/E Jun 202419 pos · $140.1M
- 13F HOLDINGS REPORTQ/E Mar 202414 pos · $127.6M
- 13F HOLDINGS REPORTQ/E Dec 202315 pos · $98.8M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | EQUITY RESIDENTIAL | EQR | 336,187 | $21.2M | 14.77% |
| 2 | FEDERAL RLTY INVT TR NEW | 313745101 | 173,546 | $17.5M | 12.19% |
| 3 | PUBLIC STORAGE OPER CO | PSA-PS | 51,982 | $13.5M | 9.40% |
| 4 | AMERICAN HOMES 4 RENT | AMH-PG | 350,715 | $11.3M | 7.85% |
| 5 | INVITATION HOMES INC | INVH | 378,265 | $10.5M | 7.33% |
| 6 | PERFORMANCE FOOD GROUP CO | PFGC | 91,587 | $8.2M | 5.74% |
| 7 | CHEFS WHSE INC | 163086101 | 121,200 | $7.6M | 5.27% |
| 8 | KIMCO RLTY CORP | 49446R109 | 343,513 | $7.0M | 4.85% |
| 9 | APPLE HOSPITALITY REIT INC | APLE | 531,000 | $6.3M | 4.39% |
| 10 | BURLINGTON STORES INC | BURL | 20,462 | $5.9M | 4.12% |
| 11 | TANGER INC | SKT | 160,600 | $5.4M | 3.74% |
| 12 | TERRENO RLTY CORP | 88146M101 | 88,380 | $5.2M | 3.62% |
| 13 | BXP INC | BXP | 72,500 | $4.9M | 3.41% |
| 14 | EXTRA SPACE STORAGE INC | EXR | 33,850 | $4.4M | 3.07% |
| 15 | PROLOGIS INC. | PLDGP | 25,000 | $3.2M | 2.22% |
| 16 | MCDONALDS CORP | MCD | 9,060 | $2.8M | 1.93% |
| 17 | UDR INC | UDR | 68,400 | $2.5M | 1.75% |
| 18 | TEXAS ROADHOUSE INC | TXRH | 14,100 | $2.3M | 1.63% |
| 19 | TREX CO INC | TREX | 47,811 | $1.7M | 1.17% |
| 20 | ROSS STORES INC | ROST | 5,632 | $1.0M | 0.71% |