Long Pond Capital, L.P. 13F annual report

Long Pond Capital, L.P. is an investment fund managing more than $1.7 trillion ran by Daniel Karp. There are currently 29 companies in Mr. Karp’s portfolio. The largest investments include Camden Ppty Tr and Spirit Rlty Cap Inc New, together worth $310 billion.

$1.7 trillion Assets Under Management (AUM)

As of 7th August 2023, Long Pond Capital, L.P.’s top holding is 1,591,824 shares of Camden Ppty Tr currently worth over $173 billion and making up 10.2% of the portfolio value. In addition, the fund holds 3,480,789 shares of Spirit Rlty Cap Inc New worth $137 billion. The third-largest holding is Cbre Group Inc worth $129 billion and the next is Jbg Smith Pptys worth $121 billion, with 8,036,193 shares owned.

Currently, Long Pond Capital, L.P.'s portfolio is worth at least $1.7 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Long Pond Capital, L.P.

The Long Pond Capital, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Daniel Karp serves as the General Counsel and Chief Compliance Officer at Long Pond Capital, L.P..

Recent trades

In the most recent 13F filing, Long Pond Capital, L.P. revealed that it had opened a new position in Cbre Group Inc and bought 1,596,461 shares worth $129 billion.

The investment fund also strengthened its position in Camden Ppty Tr by buying 1,211,031 additional shares. This makes their stake in Camden Ppty Tr total 1,591,824 shares worth $173 billion.

On the other hand, there are companies that Long Pond Capital, L.P. is getting rid of from its portfolio. Long Pond Capital, L.P. closed its position in Kilroy Rlty Corp on 14th August 2023. It sold the previously owned 2,493,651 shares for $105 million. Daniel Karp also disclosed a decreased stake in Jbg Smith Pptys by approximately 0.1%. This leaves the value of the investment at $121 billion and 8,036,193 shares.

One of the largest hedge funds

The two most similar investment funds to Long Pond Capital, L.P. are Motley Fool Wealth Management and J. Goldman & Co L.P.. They manage $1.7 trillion and $1.69 trillion respectively.

Daniel Karp investment strategy

Long Pond Capital, L.P.’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Real Estate — making up 25.2% of the total portfolio value. The fund focuses on investments in the United States as 44.8% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 7% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $6.66 billion.

The complete list of Long Pond Capital, L.P. trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Camden Ppty Tr	318.03% 1,591,824	$173,301,879,000	10.22%
Spirit Rlty Cap Inc New	134.25% 3,480,789	$137,073,471,000	8.08%
Cbre Group Inc	Opened 1,596,461	$128,850,367,000	7.60%
Jbg Smith Pptys	6.79% 8,036,193	$120,864,343,000	7.13%
Healthpeak Properties Inc.	Opened 5,786,026	$116,299,123,000	6.86%
Safehold Inc.	Opened 4,135,495	$98,135,296,000	5.79%
Marriott Vacations Worldwide Corp	42.18% 687,247	$84,338,952,000	4.97%
Forestar Group Inc	23.10% 3,600,326	$81,187,351,000	4.79%
Jones Lang Lasalle Inc.	Opened 503,882	$78,504,816,000	4.63%
Wyndham Hotels & Resorts Inc	Opened 1,124,500	$77,106,965,000	4.55%
Independence Rlty Tr Inc	59.61% 4,135,786	$75,354,021,000	4.44%
PENN Entertainment Inc	Opened 3,101,659	$74,532,866,000	4.39%
Rexford Indl Rlty Inc	Opened 1,391,329	$72,655,200,000	4.28%
D.R. Horton Inc.	72.91% 441,989	$53,785,641,000	3.17%
Veris Residential Inc	Opened 3,145,739	$50,489,111,000	2.98%
LXP Industrial Trust	57.73% 4,412,091	$43,017,887,000	2.54%
Melco Resorts And Entmnt Ltd	72.81% 2,944,663	$35,954,335,000	2.12%
Apartment Invt & Mgmt Co	61.41% 4,152,140	$35,376,233,000	2.09%
First Indl Rlty Tr Inc	68.74% 523,798	$27,572,727,000	1.63%
Hilton Grand Vacations Inc	26.10% 580,788	$26,391,007,000	1.56%
Travel Plus Leisure Co	Opened 630,767	$25,445,141,000	1.50%
Meritage Homes Corp.	Opened 142,000	$20,202,340,000	1.19%
Madison Square Grdn Sprt Cor	74.89% 74,201	$13,953,498,000	0.82%
Louisiana Pac Corp	Opened 180,500	$13,533,890,000	0.80%
Vesta Real Estate Corporatio	Opened 315,000	$10,149,300,000	0.60%
Five Point Holdings LLC	36.31% 2,883,643	$8,333,728,000	0.49%
Rlj Lodging Tr	Opened 733,700	$7,535,099,000	0.44%
Industrial Logistics Pptys T	Opened 1,005,865	$3,319,355,000	0.20%
Paramount Group Inc	Opened 620,745	$2,749,900,000	0.16%
Kilroy Rlty Corp	Closed 2,493,651	$105,008,000
Six Flags Entmt Corp New	Closed 4,716,813	$83,488,000
Stag Indl Inc	Closed 2,571,388	$73,105,000
Apartment Income REIT Corp.	Closed 1,622,956	$62,679,000
Expedia Group Inc	Closed 499,234	$46,773,000
Safehold Inc.	Closed 1,726,191	$45,675,000
Hilton Worldwide Holdings Inc	Closed 355,000	$42,820,000
Avalonbay Cmntys Inc	Closed 215,782	$39,745,000
Radius Global Infrastrctre I	Closed 4,046,547	$38,118,000
Las Vegas Sands Corp	Closed 887,500	$33,299,000
Sherwin-Williams Co.	Closed 155,000	$31,736,000
SmartRent Inc	Closed 11,903,445	$27,021,000
Red Rock Resorts Inc	Closed 730,843	$25,039,000
Fomento Economico Mexicano S	Closed 314,500	$19,735,000
Caesars Entertainment Inc Ne	Closed 218,164	$7,038,000
Acadia Rlty Tr	Closed 457,016	$5,768,000
Franklin Bsp Rlty Tr Inc	Closed 175,913	$1,895,000
Federal Rlty Invt Tr New	Closed 14,299	$1,289,000
No transactions found
Showing first 500 out of 47 holdings