MSD CAPITAL, L.P.
Long book
$87.3M
Q1 2026
Positions
3
Top-10 weight
100%
concentration
Last quarter
+23.4%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsMSD CAPITAL, L.P. is a diversified fundamental manager, specialised in real_estate (90% of the long book), running a $87.3M US long book across 3 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SAFEHOLD INC, HAYWARD HOLDINGS INC, TOWNSQUARE MEDIA INC - CL A.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 5 of 9 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
Q1 2024
+10.2%
Q2 2024
+30.3%
Q3 2024
-8.0%
Q4 2024
-2.4%
Q1 2025
-10.0%
Q2 2025
+3.6%
Q3 2025
-9.9%
Q4 2025
-0.4%
Q1 2026
+23.4%
Sector allocation
Industrials 57%
Communications 43%
Long book by quarter
What does MSD CAPITAL, own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 3 | $87.3M | confidential canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 3 | $88.8M | confidential canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 3 | $103.7M | confidential canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 3 | $154.9M | confidential canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 3 | $177.7M | confidential canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 3 | $183.2M | confidential canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 4 | $598.3M | confidential canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 3 | $348.4M | confidential canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 3 | $317.3M | canonical | SEC ↗ |
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