Sophron Capital Management L.P.
Long book
$339.4M
Q1 2026
Positions
41
Top-10 weight
47%
concentration
Last quarter
+15.1%
SPY +14.8%
Turnover
30%
of book per quarter
Strategy in plain words
auto-generated from filingsSophron Capital Management L.P. is a concentrated fundamental stock-picker, specialised in real_estate (85% of the long book), running a $339.4M US long book across 41 positions.
The portfolio is moderately concentrated (top 10 ≈ 47% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: AVALONBAY COMMUNITIES INC, ESSEX PROPERTY TRUST INC, AGREE REALTY CORP, LENNAR CORP-A, EQUITY RESIDENTIAL.
Over the last 6 quarters its long book ran on average 2.1pp per quarter behind the S&P 500, beating the index in 3 of 6 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
Q4 2024
+1.4%
Q1 2025
-0.9%
Q2 2025
+1.1%
Q3 2025
-2.3%
Q4 2025
+0.9%
Q1 2026
+15.1%
Sector allocation
Industrials 63%
Services media 37%
Long book by quarter
What does Sophron Capital own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 41 | $339.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 39 | $311.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 39 | $324.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 39 | $326.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 39 | $294.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 38 | $253.0M | canonical | SEC ↗ |
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