Land & Buildings Investment Management, LLC

CIK 1536520 · View on SEC EDGAR ↗

Portfolio value
$583.4M
#3,436 of 9,443 by 13F value · top 36.4%
Positions
19
As of
June 30, 2026

Portfolio value QoQ: -1.3% 13F does not disclose cash

Top 10 holdings weight
72.81%
Top 25 holdings weight
100.00%
Positions above 1%
17
Effective number of positions
15.4

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 18.01% Est. buys $105,797,254 · sells $174,897,390

Median holding: 3.0 quarters Tracked Q4 2024–Q2 2026 · 46.3% still held

New positions
4
Increased
5
Decreased
10
Closed
5
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+28.2%
S&P 500 total return (same window)
+28.1%
Excess return
+0.1%

Annualized: +18.1% · S&P 500: +18.0%

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: 99.3% · Options excluded: 0.0%

Sector breakdown

Real Estate
84.9%
Consumer Discretionary
3.8%
Consumer products
3.2%
Other/Unmapped
8.1%

Full portfolio 19 positions

Type Streak 8Q trend
AHR American Healthcare REIT, Inc. Common Stock $57,398,220 9.84% 1,100,637 $9,719,366 Up ×1
SPG Simon Property Group, Inc. Common Stock $48,386,230 8.29% 216,348 $7,822,297 Down ×1
FR First Industrial Realty Trust, Inc. Common Stock $47,887,831 8.21% 781,077 $-2,090,230 Down ×2
Unknown issuer (CUSIP: 09264B107) $47,405,087 8.13% 2,191,636 Up ×1
VTR Ventas, Inc. Common Stock $46,885,867 8.04% 527,994 $16,839,323 Up ×1
INVH Invitation Homes Inc. Common Stock $42,420,852 7.27% 1,404,199 $-6,450,972 Down ×1
SUI Sun Communities, Inc. Common Stock $37,194,523 6.37% 310,187 $2,466,721 Up ×1
CURB Curbline Properties Corp. Common Stock $33,266,446 5.70% 1,094,291 $9,924,639 Up ×2
EQIX Equinix, Inc. - Common Stock $32,573,645 5.58% 31,249 $-13,755,438 Down ×2
SKT Tanger Inc. Common Stock $31,375,769 5.38% 794,927 $4,228,637 Down ×3
CBRE CBRE Group Inc Common Stock Class A $24,944,453 4.28% 185,199 $-146,126 Down ×1
DLR Digital Realty Trust, Inc. Common Stock $24,291,068 4.16% 135,266 $3,735,234 Up ×1
OUT OUTFRONT Media Inc. Common Stock $24,091,245 4.13% 735,386 $1,455,104 Down ×2
MAR Marriott International - Class A Common Stock $21,978,952 3.77% 59,308 $2,431,286 Down ×4
LAMR Lamar Advertising Company - Class A Common Stock $19,054,517 3.27% 122,160 $2,074,984 Down ×1
RHP Ryman Hospitality Properties, Inc. (REIT) $18,527,269 3.18% 144,125 $-8,072,050 Down ×1
DHI D.R. Horton, Inc. Common Stock $18,447,300 3.16% 113,257
VICI VICI Properties Inc. Common Stock $5,510,585 0.94% 207,555
DEI Douglas Emmett, Inc. Common Stock $1,805,601 0.31% 153,017 Up ×1

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
Unknown issuer (CUSIP: 09264B107) $47,405,087 2,191,636 8.13%
DHI $18,447,300 113,257 3.16%
VICI $5,510,585 207,555 0.94%
DEI $1,805,601 153,017 0.31%

Top movers (QoQ)

Security Action Shares Δ Value Δ
VTR Bought more +161K +$16.8M
EQIX Trimmed -16K -$13.8M
CURB Bought more +189K +$9.9M
AHR Bought more +90K +$9.7M
RHP Trimmed -144K -$8.1M
SPG Trimmed -1K +$7.8M
INVH Trimmed -562K -$6.5M
SKT Trimmed -4K +$4.2M
DLR Bought more +21K +$3.7M
SUI Bought more +34K +$2.5M

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.

SecurityQuarter Shares before Value before Price since exit
CSR March 31, 2026 828,398 $55,270,715 -4.7%
NHI June 30, 2026 587,247 $47,484,792 -3.5%
NSA March 31, 2026 1,314,463 $37,081,001 No longer tracked
AMH March 31, 2026 1,079,778 $34,660,874 23.7%
AIV June 30, 2025 3,142,232 $27,651,642 -69.8%
PLD June 30, 2026 168,836 $22,316,742 4.3%
OUTXXXX March 31, 2025 1,235,835 $21,923,713 No longer tracked
REXR Sept. 30, 2025 561,113 $19,958,789 -9.1%
GLPI June 30, 2026 444,623 $19,727,923 -2.4%
EXR Dec. 31, 2025 137,562 $19,387,988 13.2%
KRG Sept. 30, 2025 806,852 $18,275,198 17.9%
DHI Sept. 30, 2025 139,159 $17,940,378 -12.5%
AMT Sept. 30, 2025 78,538 $17,358,469 -8.1%
XHR March 31, 2025 1,078,910 $16,032,603 66.1%
VICI June 30, 2025 465,831 $15,195,407 -18.7%
CCI Dec. 31, 2025 129,800 $12,524,402 -14.5%
FUN June 30, 2026 642,336 $11,401,464 -20.6%
SBAC June 30, 2026 60,094 $10,342,778 3.6%
DLR March 31, 2025 54,870 $9,730,097 37.0%
ELME June 30, 2025 546,653 $9,511,762 -89.4%
ESRT Dec. 31, 2025 1,014,676 $7,772,418 -27.0%
EQR Sept. 30, 2025 85,707 $5,784,365 -1.7%
SMRT June 30, 2025 4,076,738 $4,932,853 38.9%
AVB Dec. 31, 2025 19,248 $3,718,136 No longer tracked
UDR Dec. 31, 2025 95,892 $3,572,936 2.9%