LDR Capital Management LLC
Long book
$74.4M
Q1 2026
Positions
44
Top-10 weight
55%
concentration
Last quarter
+19.3%
SPY +14.8%
Turnover
30%
of book per quarter
Strategy in plain words
auto-generated from filingsLDR Capital Management LLC is a concentrated fundamental stock-picker, specialised in real_estate (96% of the long book), running a $74.4M US long book across 44 positions.
The portfolio is concentrated: the top 10 names carry 55% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: RLJ LODGING TRUST, EQUINIX INC, EPR PROPERTIES, AMERICAN TOWER CORP, PEBBLEBROOK HOTEL TRUST.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 4 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
-1.7%
Q2 2024
+17.0%
Q3 2024
-4.4%
Q4 2024
+0.7%
Q1 2025
+0.5%
Q2 2025
+2.4%
Q3 2025
-1.4%
Q4 2025
+5.9%
Q1 2026
+19.3%
Sector allocation
Real estate 79%
Other 9%
Technology 7%
Services media 3%
Industrials 2%
Long book by quarter
What does LDR Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| RLJ RLJ LODGING TRUST | Real estate | 287.8K | $6.9M | 9.3% | -1.1% |
| EPR EPR PROPERTIES | Real estate | 173.0K | $5.3M | 7.1% | -37.1% |
| PEB PEBBLEBROOK HOTEL TRUST | Real estate | 228.3K | $4.4M | 5.9% | -2.3% |
| RPT V9.875 PERP RITHM PROPERTY TRUST | — | 99.0K | $2.4M | 3.3% | New |
| PEB PEBBLEBROOK HOTEL TRUST | Real estate | 112.2K | $2.2M | 2.9% | -0.2% |
| VRT VERTIV HOLDINGS CO-A | Technology | 7.3K | $1.8M | 2.5% | Held |
| LXP LXP INDUSTRIAL TRUST | Real estate | 30.8K | $1.4M | 1.9% | 0.0% |
| FTAI FTAI AVIATION LTD | Services media | 3.6K | $881K | 1.2% | -22.9% |
| CBRE CBRE GROUP INC - A | Real estate | 5.2K | $710K | 1.0% | New |
| EPR EPR PROPERTIES | Real estate | 27.9K | $632K | 0.8% | +1.0% |
| EXPE EXPEDIA GROUP INC | Industrials | 2.2K | $506K | 0.7% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 44 | $74.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 22, 2026 | 41 | $72.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 29, 2025 | 34 | $68.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 22, 2025 | 29 | $77.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 21, 2025 | 29 | $82.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 32 | $73.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 21, 2024 | 33 | $89.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 26, 2024 | 40 | $109.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 1, 2024 | 39 | $148.6M | canonical | SEC ↗ |
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