Land & Buildings Investment Management, LLC

Fundamental concentrated ★Highest signal real_estate specialist (95%) CIK 1536520
League rank
#572
in Fundamental concentrated · #2917 overall
Long book
$591.4M
Q1 2026
Positions
20
Top-10 weight
68%
concentration
Last quarter
+12.6%
SPY +14.8%
Turnover
30%
of book per quarter

Strategy in plain words

auto-generated from filings

Land & Buildings Investment Management, LLC is a concentrated fundamental stock-picker, specialised in real_estate (95% of the long book), running a $591.4M US long book across 20 positions.

The portfolio is concentrated: the top 10 names carry 68% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: FIRST INDUSTRIAL REALTY TR, INVITATION HOMES INC, AMERICAN HEALTHCARE REIT INC, NATL HEALTH INVESTORS INC, EQUINIX INC.

Over the last 9 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-3.5%
Q2 2024
+20.0%
Q3 2024
-2.8%
Q4 2024
+0.4%
Q1 2025
-0.0%
Q2 2025
+6.5%
Q3 2025
+2.7%
Q4 2025
+5.0%
Q1 2026
+12.6%

Sector allocation

Services media
55%
Real estate
45%

Long book by quarter

$456.7M
Q1 2024
$424.6M
Q2 2024
$489.2M
Q3 2024
$493.6M
Q4 2024
$472.6M
Q1 2025
$501.1M
Q2 2025
$544.9M
Q3 2025
$601.6M
Q4 2025
$591.4M
Q1 2026

What does Land & own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
CBRE CBRE GROUP INC - AReal estate185.2K$25.1M4.2%+45.3%
MAR MARRIOTT INTERNATIONAL -CL AServices media59.8K$19.5M3.3%-6.1%
FUN SIX FLAGS ENTERTAINMENT CORPServices media642.3K$11.4M1.9%-63.1%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202620$591.4M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202619$601.6M canonicalSEC ↗
Q3 202513F-HRNov 14, 202522$544.9M canonicalSEC ↗
Q2 202513F-HRAug 14, 202521$501.1M canonicalSEC ↗
Q1 202513F-HRMay 15, 202520$472.6M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202520$493.6M canonicalSEC ↗
Q3 202413F-HRNov 14, 202419$489.2M canonicalSEC ↗
Q2 202413F-HRAug 14, 202419$424.6M canonicalSEC ↗
Q1 202413F-HRMay 15, 202418$456.7M canonicalSEC ↗

Similar funds

COHEN & STEERS, INC.APG Asset Management US Inc.CENTERSQUARE INVESTMENT MANAGEMENT LLCPartners Value Investments L.P.CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLCResolution Capital LtdLASALLE INVESTMENT MANAGEMENT SECURITIES LLCInvesture, LLCSUN LIFE FINANCIAL INCFAIRHOLME CAPITAL MANAGEMENT LLCRUSH ISLAND MANAGEMENT, LPAdelante Capital Management LLC