Sophron Capital Management L.P.

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Sophron Capital Management L.P. maintained a portfolio of 43 distinct positions. The most significant new addition to the portfolio was REXFORD INDL RLTY IN, which now represents 2.31% of the total fund value. They heavily accumulated shares in ESSEX PPTY TR INC, increasing their position by 25.3%. Conversely, Sophron Capital Management L.P. completely exited their position in INDEPENDENCE RLTY TR.
PCA Score Concentration Risk
Risk ENB
Total Positions
43
Quarter
2025 Q4
Top Holding
ADC (7.0%)
Top 10 Concentration
49.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 43
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
ADC
AGREE RLTY CORP
Real Estate 6.99% 6.98% #1
Prev: #1
5.3 -17,134 -5.4%
P
S
301,782 $21,737,357 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ESS
ESSEX PPTY TR I...
Real Estate 6.49% 5.07% #2 3
Prev: #5
6.6 15,586 25.3%
P
S
77,089 $20,172,650 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EQR
EQUITY RESIDENT...
Bond/Debt 5.83% 2.33% #3 14
Prev: #17
6.3 170,848 146.1%
P
S
287,825 $18,144,488 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MTH
MERITAGE HOMES ...
Consumer Cyclical 5.14% 6.20% #4 2
Prev: #2
3.1 -34,658 -12.5%
P
S
243,124 $15,997,559 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FCPT
FOUR CORNERS PP...
Real Estate 4.99% 4.95% #5 1
Prev: #6
3.0 14,859 2.3%
P
S
673,305 $15,526,413 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CHH
CHOICE HOTELS I...
Consumer Cyclical 4.56% 3.79% #6 5
Prev: #11
4.3 33,587 29.2%
P
S
148,795 $14,174,212 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PECO
PHILLIPS EDISON...
Real Estate 4.25% 6.07% #7 4
Prev: #3
1.7 -202,175 -35.2%
P
S
371,486 $13,213,757 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UDR
UDR INC
Unknown 4.16% 3.30% #8 5
Prev: #13
4.2 65,738 22.9%
P
S
353,090 $12,951,341 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AMT
AMERICAN TOWER ...
Real Estate 3.63% 2.07% #9 13
Prev: #22
4.5 29,355 84.0%
P
S
64,305 $11,290,029 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AVB
AVALONBAY CMNTY...
Real Estate 3.40% 5.53% #10 6
Prev: #4
1.4 -34,605 -37.2%
P
S
58,352 $10,579,801 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TPH
TRI POINTE HOME...
Unknown 3.39% 3.91% #11 2
Prev: #9
1.9 -38,358 -10.3%
P
S
334,828 $10,537,037 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
INVH
INVITATION HOME...
Real Estate 3.14% 1.07% #12 18
Prev: #30
4.3 232,776 196.3%
P
S
351,366 $9,764,461 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WH
WYNDHAM HOTELS ...
Unknown 3.10% 3.86% #13 3
Prev: #10
1.7 -28,931 -18.5%
P
S
127,814 $9,657,626 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PSA
PUBLIC STORAGE ...
Unknown 3.05% 3.23% #14
Prev: #14
1.7 309 0.9%
P
S
36,578 $9,491,991 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VICI
VICI PPTYS INC
Unknown 2.86% 1.40% #15 12
Prev: #27
4.1 177,344 127.3%
P
S
316,683 $8,905,126 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DRH
DIAMONDROCK HOS...
Real Estate 2.73% 4.06% #16 8
Prev: #8
1.1 -704,549 -42.6%
P
S
949,477 $8,507,314 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GLPI
GAMING & LEISUR...
Real Estate 2.67% 3.51% #17 5
Prev: #12
1.1 -58,783 -24.0%
P
S
185,694 $8,298,665 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ELS
EQUITY LIFESTYL...
Real Estate 2.60% 4.06% #18 11
Prev: #7
1.0 -83,340 -38.4%
P
S
133,592 $8,097,011 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
REXR
REXFORD INDL RL...
Unknown 2.31% #19
Prev: #—
4.4 185,944 no change
NEW
185,944 $7,199,752 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BNL
BROADSTONE NET ...
Real Estate 2.30% 2.09% #20 1
Prev: #21
2.9 32,486 8.6%
P
S
411,855 $7,153,921 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EGP
EASTGROUP PPTYS...
Real Estate 2.18% 0.54% #21 15
Prev: #36
3.9 27,826 270.6%
P
S
38,110 $6,788,915 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CUBE
CUBESMART
Real Estate 2.07% 2.16% #22 2
Prev: #20
1.3 6,646 3.9%
P
S
178,792 $6,445,452 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DLR
DIGITAL RLTY TR...
Real Estate 2.03% 0.66% #23 9
Prev: #32
3.8 28,411 230.7%
P
S
40,726 $6,300,719 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RHP
RYMAN HOSPITALI...
Unknown 1.92% 2.03% #24 1
Prev: #23
1.3 -10,400 -14.1%
P
S
63,196 $5,979,606 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NNN
NNN REIT INC
Real Estate 1.81% 1.88% #25 1
Prev: #24
1.2 -1,553 -1.1%
P
S
141,783 $5,618,860 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IRT
INDEPENDENCE RL...
Real Estate 0.00% 1.75%
Sold All 😨
(Was: #25)
0.0 -347,461 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FRT
FEDERAL RLTY IN...
Bond/Debt 0.00% 1.62%
Sold All 😨
(Was: #26)
0.0 -51,956 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PLD
PROLOGIS INC.
Real Estate 0.00% 0.64%
Sold All 😨
(Was: #34)
0.0 -18,120 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ELME
ELME COMMUNITIE...
Bond/Debt 0.00% 0.06%
Sold All 😨
(Was: #39)
0.0 -10,696 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 43 holdings

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