Sophron Capital Management L.P.

CIK 2027142 · View on SEC EDGAR ↗

Portfolio value
$322.7M
#4,968 of 9,443 by 13F value · top 52.6%
Positions
43
As of
June 30, 2026

Portfolio value QoQ: -4.9% 13F does not disclose cash

Top 10 holdings weight
45.51%
Top 25 holdings weight
84.00%
Positions above 1%
33
Effective number of positions
28.9

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

Turnover Q2 2026: 24.34% Est. buys $80,572,434 · sells $132,040,940

Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 69.4% still held

New positions
8
Increased
13
Decreased
22
Closed
6
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+15.1%
S&P 500 total return (same window)
+28.1%
Excess return
-13.0%

Annualized: +9.8% · 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: 98.5% · Options excluded: 0.0%

Sector breakdown

Real Estate
85.3%
Consumer products
7.8%
Consumer Discretionary
6.2%
Other/Unmapped
0.8%

Full portfolio 43 positions

Type Streak 8Q trend
ADC Agree Realty Corporation Common Stock $25,076,529 7.77% 331,087 $6,162,406 Up ×1
HST Host Hotels & Resorts, Inc. - Common Stock $20,459,525 6.34% 862,907 $13,595,129 Up ×1
LEN Lennar Corporation Class A Common Stock $15,395,516 4.77% 170,135 $-2,343,117 Down ×1
AVB AvalonBay Communities, Inc. Common Stock $14,149,297 4.39% 74,987 $-5,315,979 Down ×1
FCPT Four Corners Property Trust, Inc. Common Stock $13,155,829 4.08% 535,879 $-787,289 Down ×2
ELS Equity Lifestyle Properties, Inc. Common Stock $12,895,414 4.00% 200,084 $3,861,055 Up ×2
REXR Rexford Industrial Realty, Inc. Common Stock $12,889,560 3.99% 384,763 $1,190,582 Up ×2
GLPI Gaming and Leisure Properties, Inc. - Common Stock $11,807,619 3.66% 265,161 $-852,917 Down ×1
ESS Essex Property Trust, Inc. Common Stock $10,530,481 3.26% 36,114 $-8,603,975 Down ×1
PECO Phillips Edison & Company, Inc. - Common Stock $10,482,372 3.25% 251,859 $-3,877,403 Down ×1
VICI VICI Properties Inc. Common Stock $10,291,869 3.19% 387,641 $3,003,904 Up ×1
DRH Diamondrock Hospitality Company - Common Stock $9,910,574 3.07% 813,676 $2,021,100 Down ×3
PHM PulteGroup, Inc. Common Stock $9,809,829 3.04% 71,495 Up ×1
AMH American Homes 4 Rent Common Shares of Beneficial Interest $9,498,227 2.94% 283,360 $-1,881,574 Down ×1
CHH Choice Hotels International, Inc. Common Stock $9,326,196 2.89% 84,576 $-3,164,494 Down ×2
EQR Equity Residential Common Shares of Beneficial Interest $9,138,895 2.83% 134,534 $-6,091,934 Down ×2
WH Wyndham Hotels & Resorts, Inc. Common Stock $9,064,701 2.81% 107,644 $2,212,301 Up ×1
UDR UDR, Inc. Common Stock $8,509,227 2.64% 213,157 $-4,523,502 Down ×1
REG Regency Centers Corporation - Common Stock $8,502,437 2.64% 106,627
DLR Digital Realty Trust, Inc. Common Stock $8,125,815 2.52% 45,249 $2,637,159 Up ×1
CUBE CubeSmart Common Shares $7,268,524 2.25% 182,764 $-1,828,776 Down ×1
IRT Independence Realty Trust, Inc. Common Stock $7,142,369 2.21% 427,943 $3,997,095 Up ×1
SHO Sunstone Hotel Investors, Inc. Sunstone Hotel Investors, Inc. Common Shares $6,250,234 1.94% 545,872 Up ×1
PLD Prologis, Inc. Common Stock $5,683,508 1.76% 41,954
RHP Ryman Hospitality Properties, Inc. (REIT) $5,658,000 1.75% 44,014 $-5,387,088 Down ×1
NHI National Health Investors, Inc. Common Stock $5,388,455 1.67% 70,659 $2,524,879 Up ×1
SUI Sun Communities, Inc. Common Stock $5,321,606 1.65% 44,380 $3,486,243 Up ×2
CCI Crown Castle Inc. Common Stock $4,730,323 1.47% 62,463 $833,053 Up ×3
AMT American Tower Corporation (REIT) Common Stock $4,037,235 1.25% 24,682 $376,468 Up ×1
STAG Stag Industrial, Inc. Common Stock $3,952,607 1.23% 103,852 $3,321,809 Up ×1
SBAC SBA Communications Corporation - Class A Common Stock $3,917,588 1.21% 22,201 $-4,875,340 Down ×1
INVH Invitation Homes Inc. Common Stock $3,798,636 1.18% 125,741 $-4,085,499 Down ×2
EGP EastGroup Properties, Inc. Common Stock $3,257,493 1.01% 16,084 $-4,539,793 Down ×1
PSA Public Storage Common Stock $2,999,753 0.93% 9,424 $-4,825,699 Down ×2
EPRT Essential Properties Realty Trust, Inc. Common Stock $2,857,988 0.89% 95,745 Up ×1
Unknown issuer (CUSIP: 471024109) $2,427,093 0.75% 84,450 $69,103 Down ×1
EXR Extra Space Storage Inc Common Stock $2,275,253 0.71% 15,659 $-2,012,829 Down ×1
DOC Healthpeak Properties, Inc. Common Stock $1,864,946 0.58% 87,147 $-1,773,034 Down ×1
NNN NNN REIT, Inc. Common Stock $1,587,417 0.49% 34,116 $-3,503,341 Down ×3
MAR Marriott International - Class A Common Stock $1,530,166 0.47% 4,129
LXP LXP Industrial Trust Common Stock (Maryland REIT) $924,742 0.29% 17,163 $-4,960,409 Down ×1
EQIX Equinix, Inc. - Common Stock $538,916 0.17% 517
CURB Curbline Properties Corp. Common Stock $219,123 0.07% 7,208 Up ×1

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
CCI $4,730,323 1.47% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
PHM $9,809,829 71,495 3.04%
REG $8,502,437 106,627 2.64%
SHO $6,250,234 545,872 1.94%
PLD $5,683,508 41,954 1.76%
EPRT $2,857,988 95,745 0.89%
MAR $1,530,166 4,129 0.47%
EQIX $538,916 517 0.17%
CURB $219,123 7,208 0.07%

Top movers (QoQ)

Security Action Shares Δ Value Δ
HST Bought more +505K +$13.6M
ESS Trimmed -43K -$8.6M
ADC Bought more +80K +$6.2M
EQR Trimmed -123K -$6.1M
RHP Trimmed -76K -$5.4M
AVB Trimmed -44K -$5.3M
SBAC Trimmed -29K -$4.9M
PSA Trimmed -19K -$4.8M
EGP Trimmed -26K -$4.5M
UDR Trimmed -173K -$4.5M

1 position hidden (data completeness check)

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
MTH June 30, 2026 235,255 $14,548,169 -14.6%
VICI June 30, 2025 350,575 $11,435,756 -18.7%
TPH March 31, 2026 334,828 $10,537,037 No longer tracked
REXR Sept. 30, 2025 224,176 $7,973,940 -9.1%
HST June 30, 2025 526,648 $7,483,668 50.9%
TPH June 30, 2025 219,427 $7,004,110 No longer tracked
SBAC June 30, 2025 29,263 $6,438,153 -22.2%
LXPXXXX Sept. 30, 2025 719,003 $5,938,965 No longer tracked
IRT Dec. 31, 2025 347,461 $5,694,886 -4.6%
LEN March 31, 2025 39,130 $5,336,158 -24.7%
FRT Dec. 31, 2025 51,956 $5,263,662 16.3%
REG March 31, 2026 75,834 $5,234,821 1.2%
MTH March 31, 2025 30,696 $4,721,659 1.0%
BNL June 30, 2026 256,949 $4,694,458 2.5%
KIM March 31, 2026 206,723 $4,190,275 7.5%
HR Sept. 30, 2025 241,090 $3,823,687 7.8%
FRT June 30, 2026 35,021 $3,719,580 -5.1%
INVH March 31, 2025 99,375 $3,177,019 -13.4%
RHP June 30, 2025 31,887 $2,915,747 30.2%
EQIX March 31, 2026 3,441 $2,636,357 11.8%
O March 31, 2025 49,293 $2,632,739 8.9%
PLD Dec. 31, 2025 18,120 $2,075,102 10.7%
STAG March 31, 2025 57,461 $1,943,331 1.5%
FR March 31, 2026 31,000 $1,775,370 8.6%
SILA June 30, 2026 59,811 $1,416,324 No longer tracked
MAR Sept. 30, 2025 4,278 $1,168,792 37.1%
KIM Sept. 30, 2025 54,795 $1,151,791 10.6%
BRX June 30, 2025 42,563 $1,130,048 13.2%
HIW June 30, 2026 49,717 $1,064,441 4.1%
ARI June 30, 2026 70,484 $744,311 -35.5%
DHI June 30, 2025 4,206 $534,709 15.0%
NTST March 31, 2026 30,135 $531,581 9.4%
KREF Sept. 30, 2025 57,138 $501,100 -16.3%
ELME Dec. 31, 2025 10,696 $180,335 -90.3%
RLJ Sept. 30, 2025 19,303 $140,526 60.3%
PK June 30, 2025 12,104 $129,271 55.1%