Long Pond Capital, LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Long Pond Capital, LP maintained a portfolio of 39 distinct positions. The most significant new addition to the portfolio was GAMING & LEISURE PPT, which now represents 5.22% of the total fund value. They heavily accumulated shares in JBG SMITH PPTYS, increasing their position by 28.4%. Conversely, Long Pond Capital, LP completely exited their position in JAMES HARDIE INDS PL.
PCA Score Concentration Risk
Risk ENB
Total Positions
39
Quarter
2025 Q4
Top Holding
COLD (8.8%)
Top 10 Concentration
62.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 39
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
COLD
AMERICOLD REALT...
Real Estate 8.80% 6.88% #1 4
Prev: #5
3.6 -1,931,304 -24.9%
P
S
5,824,989 $74,909,359 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NSA
NATIONAL STORAG...
Real Estate 8.59% 8.42% #2 2
Prev: #4
3.5 -1,254,976 -32.6%
P
S
2,591,313 $73,100,940 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
JBGS
JBG SMITH PPTYS
Real Estate 8.29% 5.20% #3 4
Prev: #7
5.4 918,505 28.4%
P
S
4,147,399 $70,547,257 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TRTX
TPG RE FIN TR I...
Real Estate 7.11% 4.28% #4 4
Prev: #8
4.9 134,000 1.9%
P
S
7,032,626 $60,550,910 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
COMP
COMPASS INC
Real Estate 6.21% 0.90% #5 15
Prev: #20
4.8 3,450,000 222.6%
P
S
5,000,000 $52,850,000 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
INN
SUMMIT HOTEL PP...
Real Estate 5.38% 3.74% #6 4
Prev: #10
2.2 no change no change
P
S
9,400,000 $45,778,000 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PLD
PROLOGIS INC.
Real Estate 5.25% 0.03% #7 21
Prev: #28
4.4 346,684 10454.9%
P
S
350,000 $44,681,000 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GLPI
GAMING & LEISUR...
Real Estate 5.22% #8
Prev: #—
4.1 993,810 no change
NEW
993,810 $44,413,369 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CZR
CAESARS ENTERTA...
Consumer Cyclical 4.07% 1.88% #9 6
Prev: #15
3.8 520,161 54.2%
P
S
1,479,336 $34,601,669 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HGV
HILTON GRAND VA...
Consumer Cyclical 3.85% 1.96% #10 4
Prev: #14
3.6 84,000 13.0%
P
S
732,021 $32,757,940 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
H
HYATT HOTELS CO...
Consumer Cyclical 3.83% 3.27% #11
Prev: #11
1.6 -114,100 -35.9%
P
S
203,489 $32,623,356 2012 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PRKS
UNITED PARKS & ...
Consumer Cyclical 3.65% #12
Prev: #—
3.5 855,000 no change
NEW
855,000 $31,036,500 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CSR
CENTERSPACE
Real Estate 3.48% 0.91% #13 6
Prev: #19
3.7 230,638 108.0%
P
S
444,101 $29,630,419 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WH
WYNDHAM HOTELS ...
Consumer Cyclical 3.00% #14
Prev: #—
3.2 337,800 no change
NEW
337,800 $25,524,168 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AVB
AVALONBAY CMNTY...
Real Estate 2.98% #15
Prev: #—
3.2 140,000 no change
NEW
140,000 $25,383,400 2013 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NXRT
NEXPOINT RESIDE...
Real Estate 2.98% 1.27% #16 2
Prev: #18
3.4 298,781 54.9%
P
S
842,870 $25,370,387 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ARE
ALEXANDRIA REAL...
Real Estate 2.76% #17
Prev: #—
3.1 479,200 no change
NEW
479,200 $23,452,048 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IRT
INDEPENDENCE RL...
Real Estate 2.05% 14.60% #18 16
Prev: #2
1.1 -11,301,106 -91.9%
P
S
1,000,578 $17,490,103 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TREX
TREX CO INC
Industrials 2.00% #19
Prev: #—
2.8 484,286 no change
NEW
484,286 $16,988,753 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SAFE
SAFEHOLD INC
Real Estate 1.52% #20
Prev: #—
2.6 944,939 no change
NEW
944,939 $12,936,215 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
KREF
KKR REAL ESTATE...
Real Estate 1.51% 1.51% #21 4
Prev: #17
0.7 -758,584 -32.7%
P
S
1,563,088 $12,848,583 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CUBE
CUBESMART
Real Estate 1.47% #22
Prev: #—
2.6 346,928 no change
NEW
346,928 $12,506,754 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SMRT
SMARTRENT INC
Technology 1.33% 0.62% #23
Prev: #23
0.6 -455,943 -7.5%
P
S
5,610,150 $11,332,503 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MHO
M/I HOMES INC
Consumer Cyclical 1.07% 2.38% #24 11
Prev: #13
0.6 -156,501 -68.8%
P
S
71,096 $9,096,733 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LINE
LINEAGE INC
Real Estate 0.76% #25
Prev: #—
2.3 184,158 no change
NEW
184,158 $6,445,530 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
JAMES HARDIE IN...
Unknown 0.00% 10.09%
Sold All 😨
(Was: #3)
0.3 -7,247,811 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
TMHC
TAYLOR MORRISON...
Consumer Cyclical 0.00% 6.60%
Sold All 😨
(Was: #6)
0.3 -1,379,577 -100.0%
CLOSED
$— 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AMH
AMERICAN HOMES ...
Real Estate 0.00% 3.77%
Sold All 😨
(Was: #9)
0.3 -1,563,780 -100.0%
CLOSED
$— 2013 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LXP
LXP INDUSTRIAL ...
Real Estate 0.00% 2.47%
Sold All 😨
(Was: #12)
0.3 -3,800,000 -100.0%
CLOSED
$— 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ELS
EQUITY LIFESTYL...
Real Estate 0.00% 1.56%
Sold All 😨
(Was: #16)
0.3 -354,911 -100.0%
CLOSED
$— 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PLYM
PLYMOUTH INDL R...
Real Estate 0.00% 0.80%
Sold All 😨
(Was: #21)
0.3 -492,468 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FUN
SIX FLAGS ENTER...
Consumer Cyclical 0.00% 0.48%
Sold All 😨
(Was: #24)
0.3 -290,000 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MTH
MERITAGE HOMES ...
Consumer Cyclical 0.00% 0.24%
Sold All 😨
(Was: #26)
0.3 -46,500 -100.0%
CLOSED
$— 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EQR
EQUITY RESIDENT...
Bond/Debt 0.00% 0.09%
Sold All 😨
(Was: #27)
0.3 -20,037 -100.0%
CLOSED
$— 2012 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 39 holdings

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