HGI Capital Management, LLC
CIK 1595907 · View on SEC EDGAR ↗
- Portfolio value
- $36.4M
- Positions
- 21
- As of
- Sept. 30, 2025 Data as of Q3 2025
Portfolio value QoQ: -50.7% 13F does not disclose cash
- Top 10 holdings weight
- 55.71%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 21
- Effective number of positions
- 20.1
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q3 2025: 16.99% Est. buys $9,359,112 · sells $49,244,110
Median holding: 1.0 quarters Tracked Q4 2024–Q3 2025 · 47.7% still held
- New positions
- 6
- Increased
- 1
- Decreased
- 13
- Closed
- 8
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +3.9% · S&P 500: +18.3%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 99.2% · Options excluded: 0.0%
Sector breakdown
Full portfolio 21 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| EQIX Equinix, Inc. - Common Stock | $2,391,232 | 6.57% | 3,053 | $194,144 | Up ×1 | ||
| CBRE CBRE Group Inc Common Stock Class A | $2,305,418 | 6.33% | 14,632 | $-1,443,352 | Down ×2 | ||
| FR First Industrial Realty Trust, Inc. Common Stock | $2,026,528 | 5.57% | 39,373 | $-1,190,241 | Down ×2 | ||
| DLR Digital Realty Trust, Inc. Common Stock | $2,015,954 | 5.54% | 11,661 | $-2,199,171 | Down ×1 | ||
| HD Home Depot, Inc. (The) Common Stock | $2,003,259 | 5.50% | 4,944 | Up ×1 | |||
| EXR Extra Space Storage Inc Common Stock | $1,988,663 | 5.46% | 14,110 | $-1,988,826 | Down ×1 | ||
| PSA Public Storage Common Stock | $1,922,008 | 5.28% | 6,654 | $-2,055,887 | Down ×1 | ||
| ARE Alexandria Real Estate Equities, Inc. Common Stock | $1,897,902 | 5.21% | 22,773 | Up ×1 | |||
| PLD Prologis, Inc. Common Stock | $1,870,112 | 5.14% | 16,330 | $-437,587 | Down ×1 | ||
| ESS Essex Property Trust, Inc. Common Stock | $1,854,884 | 5.10% | 6,930 | $-1,887,980 | Down ×1 | ||
| VTR Ventas, Inc. Common Stock | $1,759,409 | 4.83% | 25,138 | $-1,351,676 | Down ×3 | ||
| UDR UDR, Inc. Common Stock | $1,696,671 | 4.66% | 45,536 | $-2,686,634 | Down ×1 | ||
| EQR Equity Residential Common Shares of Beneficial Interest | $1,626,535 | 4.47% | 25,128 | $-2,372,517 | Down ×3 | ||
| PECO Phillips Edison & Company, Inc. - Common Stock | $1,622,710 | 4.46% | 47,268 | Up ×1 | |||
| VRE Veris Residential, Inc. Common Stock | $1,603,509 | 4.41% | 105,494 | $32,703 | |||
| OHI Omega Healthcare Investors, Inc. Common Stock | $1,550,403 | 4.26% | 36,722 | Up ×1 | |||
| VICI VICI Properties Inc. Common Stock | $1,530,420 | 4.21% | 46,931 | $-1,152,951 | Down ×2 | ||
| HST Host Hotels & Resorts, Inc. - Common Stock | $1,353,124 | 3.72% | 79,502 | $-2,096,379 | Down ×1 | ||
| NMRK Newmark Group, Inc. - Class A Common Stock | $1,318,331 | 3.62% | 70,688 | $-2,238,667 | Down ×2 | ||
| BNL Broadstone Net Lease, Inc. Common Stock | $1,225,131 | 3.37% | 68,558 | Up ×1 | |||
| BRX Brixmor Property Group Inc. Common Stock | $831,784 | 2.29% | 30,050 | Up ×1 | |||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| ELME | March 31, 2025 | 2,141,094 | $32,694,505 | -90.7% |
| INVH | March 31, 2025 | 203,391 | $6,502,410 | -13.2% |
| COLD | March 31, 2025 | 218,640 | $4,678,896 | -29.9% |
| HST | March 31, 2025 | 258,887 | $4,535,700 | 61.6% |
| WD | June 30, 2025 | 49,817 | $4,252,379 | -42.8% |
| ESRT | Sept. 30, 2025 | 494,696 | $4,002,091 | -35.8% |
| WSR | June 30, 2025 | 264,334 | $3,851,346 | No longer tracked |
| SAFE | June 30, 2025 | 196,746 | $3,683,085 | -2.2% |
| INVH | Sept. 30, 2025 | 110,106 | $3,611,477 | 3.2% |
| SLG | June 30, 2025 | 62,406 | $3,600,826 | -7.3% |
| CPT | Sept. 30, 2025 | 31,590 | $3,559,877 | 2.1% |
| KRG | Sept. 30, 2025 | 150,618 | $3,411,498 | 18.4% |
| VNO | Sept. 30, 2025 | 88,686 | $3,391,356 | -5.7% |
| CWK | March 31, 2025 | 235,235 | $3,076,874 | 49.7% |
| SUI | June 30, 2025 | 22,990 | $2,957,434 | -3.2% |
| ELS | Sept. 30, 2025 | 47,474 | $2,927,722 | 9.0% |
| PEB | June 30, 2025 | 198,041 | $2,006,155 | 81.9% |
| ADC | Sept. 30, 2025 | 26,176 | $1,912,419 | 5.1% |
| LEN | March 31, 2025 | 13,257 | $1,807,857 | -25.2% |
| AHH | June 30, 2025 | 225,072 | $1,690,291 | No longer tracked |
| LINE | March 31, 2025 | 16,571 | $970,563 | -28.8% |
| DRH | June 30, 2025 | 117,754 | $909,061 | 64.9% |
| RLJ | Sept. 30, 2025 | 115,818 | $843,155 | 56.2% |
| IYR | June 30, 2025 | 2,751 | $263,408 | No longer tracked |
| STRW | March 31, 2025 | 15,486 | $163,222 | No longer tracked |