LANDMARK INVESTMENT PARTNERS, L.P.
Long book
$96.8M
Q1 2026
Positions
20
Top-10 weight
80%
concentration
Last quarter
+17.0%
SPY +14.8%
Turnover
46%
of book per quarter
Strategy in plain words
auto-generated from filingsLANDMARK INVESTMENT PARTNERS, L.P. is a concentrated fundamental stock-picker, specialised in real_estate (64% of the long book), running a $96.8M US long book across 20 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: HILTON WORLDWIDE HOLDINGS IN, APARTMENT INVT & MGMT CO -A, COHEN & STEERS INC, CBRE GROUP INC - A, DOUGLAS EMMETT INC.
Over the last 6 quarters its long book ran on average 4.1pp per quarter behind the S&P 500, beating the index in 2 of 6 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
-2.4%
Q1 2025
-2.7%
Q2 2025
+3.8%
Q3 2025
-4.0%
Q4 2025
-8.6%
Q1 2026
+17.0%
Sector allocation
Services media 41%
Real estate 39%
Financials 18%
Healthcare 2%
Consumer discretionary 1%
Long book by quarter
What does LANDMARK INVESTMENT own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 42.1K | $12.8M | 13.2% | +7.6% |
| CNS COHEN & STEERS INC | Financials | 160.7K | $10.1M | 10.4% | +0.7% |
| CBRE CBRE GROUP INC - A | Real estate | 63.0K | $8.5M | 8.8% | New |
| CIGI COLLIERS INTL GR-SUBORD VOT | Real estate | 62.8K | $6.7M | 6.9% | New |
| CHDN CHURCHILL DOWNS INC | Services media | 63.7K | $5.7M | 5.9% | New |
| CSGP COSTAR GROUP INC | Services media | 120.0K | $4.8M | 5.0% | -22.3% |
| VAC MARRIOTT VACATIONS WORLD | Real estate | 66.6K | $4.3M | 4.5% | New |
| HHH HOWARD HUGHES HOLDINGS INC | Real estate | 37.5K | $2.4M | 2.5% | -68.1% |
| BKD BROOKDALE SENIOR LIVING INC | Healthcare | 72.4K | $990K | 1.0% | -88.7% |
| BLDR BUILDERS FIRSTSOURCE INC | Consumer discretionary | 4.7K | $389K | 0.4% | New |
| BX BLACKSTONE INC | Financials | 1.7K | $195K | 0.2% | -74.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 30 | $139.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 44 | $213.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 68 | $327.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 71 | $376.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 36 | $379.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 18 | $247.4M | canonical | SEC ↗ |
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