HGI Capital Management, LLC

All Holdings — 2025 Q3

AI Portfolio Summary
In 2025 Q3, HGI Capital Management, LLC maintained a portfolio of 29 distinct positions. The most significant new addition to the portfolio was Home Depot, which now represents 5.50% of the total fund value. They heavily accumulated shares in Equinix Inc, increasing their position by 10.5%. Conversely, HGI Capital Management, LLC completely exited their position in Empire State Realty .
PCA Score Concentration Risk
Risk ENB
Total Positions
29
Quarter
2025 Q3
Top Holding
EQIX (6.6%)
Top 10 Concentration
55.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 29
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
EQIX
Equinix Inc
Real Estate 6.57% 2.98% #1 19
Prev: #20
4.7 291 10.5%
P
S
3,053 $2,391,232 2017 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
CBRE
CBRE Group Inc
Real Estate 6.33% 5.08% #2 5
Prev: #7
2.7 -12,122 -45.3%
P
S
14,632 $2,305,418 2015 Q4 13F Filing 2025-09-30 2025-11-14 (Est.)
FR
First Industria...
Real Estate 5.57% 4.36% #3 12
Prev: #15
2.4 -27,462 -41.1%
P
S
39,373 $2,026,528 2020 Q3 13F Filing 2025-09-30 2025-11-14 (Est.)
DLR
Digital Realty ...
Real Estate 5.54% 5.71% #4 2
Prev: #2
2.4 -12,518 -51.8%
P
S
11,661 $2,015,954 2021 Q3 13F Filing 2025-09-30 2025-11-14 (Est.)
HD
Home Depot
Consumer Cyclical 5.50% #5
Prev: #—
4.2 4,944 no change
NEW
4,944 $2,003,259 2016 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
EXR
Extra Space Sto...
Real Estate 5.46% 5.39% #6
Prev: #6
2.3 -12,867 -47.7%
P
S
14,110 $1,988,663 2018 Q4 13F Filing 2025-09-30 2025-11-14 (Est.)
PSA
Public Storage
Real Estate 5.28% 5.39% #7 2
Prev: #5
2.3 -6,903 -50.9%
P
S
6,654 $1,922,008 2019 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
ARE
Alexandria Real...
Real Estate 5.21% #8
Prev: #—
4.1 22,773 no change
NEW
22,773 $1,897,902 2015 Q4 13F Filing 2025-09-30 2025-11-14 (Est.)
PLD
Prologis Inc
Real Estate 5.14% 3.13% #9 10
Prev: #19
2.1 -5,623 -25.6%
P
S
16,330 $1,870,112 2020 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
ESS
Essex Property ...
Real Estate 5.10% 5.07% #10 2
Prev: #8
2.2 -6,277 -47.5%
P
S
6,930 $1,854,884 2021 Q3 13F Filing 2025-09-30 2025-11-14 (Est.)
VTR
Ventas Inc
Real Estate 4.83% 4.22% #11 5
Prev: #16
2.1 -24,127 -49.0%
P
S
25,138 $1,759,409 2018 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
UDR
UDR Inc
Real Estate 4.66% 5.94% #12 11
Prev: #1
2.0 -61,819 -57.6%
P
S
45,536 $1,696,671 2016 Q4 13F Filing 2025-09-30 2025-11-14 (Est.)
EQR
Equity Resident...
Bond/Debt 4.47% 5.42% #13 9
Prev: #4
2.0 -34,126 -57.6%
P
S
25,128 $1,626,535 2016 Q3 13F Filing 2025-09-30 2025-11-14 (Est.)
PECO
Phillips Edison...
Real Estate 4.46% #14
Prev: #—
3.8 47,268 no change
NEW
47,268 $1,622,710 2023 Q4 13F Filing 2025-09-30 2025-11-14 (Est.)
VRE
Veris Residenti...
Real Estate 4.41% 2.13% #15 7
Prev: #22
1.8 no change no change
P
S
105,494 $1,603,509 2017 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
OHI
Omega Healthcar...
Real Estate 4.26% #16
Prev: #—
3.7 36,722 no change
NEW
36,722 $1,550,403 2018 Q3 13F Filing 2025-09-30 2025-11-14 (Est.)
VICI
VICI Properties...
Real Estate 4.21% 3.64% #17 1
Prev: #18
1.8 -35,381 -43.0%
P
S
46,931 $1,530,420 2019 Q2 13F Filing 2025-09-30 2025-11-14 (Est.)
HST
Host Hotels & R...
Real Estate 3.72% 4.67% #18 6
Prev: #12
1.7 -145,075 -64.6%
P
S
79,502 $1,353,124 2020 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
NMRK
Newmark Group I...
Real Estate 3.62% 4.82% #19 8
Prev: #11
1.7 -222,069 -75.9%
P
S
70,688 $1,318,331 2017 Q4 13F Filing 2025-09-30 2025-11-14 (Est.)
BNL
Broadstone Net ...
Real Estate 3.37% #20
Prev: #—
3.3 68,558 no change
NEW
68,558 $1,225,131 2021 Q2 13F Filing 2025-09-30 2025-11-14 (Est.)
BRX
Brixmor Propert...
Real Estate 2.29% #21
Prev: #—
2.9 30,050 no change
NEW
30,050 $831,784 2021 Q3 13F Filing 2025-09-30 2025-11-14 (Est.)
ESRT
Empire State Re...
Real Estate 0.00% 5.42%
Sold All 😨
(Was: #3)
0.3 -494,696 -100.0%
CLOSED
$— 2016 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
INVH
Invitation Home...
Real Estate 0.00% 4.89%
Sold All 😨
(Was: #9)
0.3 -110,106 -100.0%
CLOSED
$— 2017 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
CPT
Camden Property...
Bond/Debt 0.00% 4.82%
Sold All 😨
(Was: #10)
0.3 -31,590 -100.0%
CLOSED
$— 2015 Q4 13F Filing 2025-09-30 2025-11-14 (Est.)
KRG
Kite Realty Gro...
Real Estate 0.00% 4.62%
Sold All 😨
(Was: #13)
0.3 -150,618 -100.0%
CLOSED
$— 2021 Q4 13F Filing 2025-09-30 2025-11-14 (Est.)
VNO
Vornado Realty ...
Bond/Debt 0.00% 4.60%
Sold All 😨
(Was: #14)
0.3 -88,686 -100.0%
CLOSED
$— 2016 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
ELS
Equity LifeStyl...
Real Estate 0.00% 3.97%
Sold All 😨
(Was: #17)
0.3 -47,474 -100.0%
CLOSED
$— 2020 Q1 13F Filing 2025-09-30 2025-11-14 (Est.)
ADC
Agree Realty Co...
Real Estate 0.00% 2.59%
Sold All 😨
(Was: #21)
0.3 -26,176 -100.0%
CLOSED
$— 2021 Q2 13F Filing 2025-09-30 2025-11-14 (Est.)
RLJ
RLJ Lodging Tru...
Real Estate 0.00% 1.14%
Sold All 😨
(Was: #23)
0.3 -115,818 -100.0%
CLOSED
$— 2017 Q3 13F Filing 2025-09-30 2025-11-14 (Est.)
Showing 1-25 of 29 holdings

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