Land & Buildings 13F, Q4 2023
Jonathan Litt · quarter ending 31 December 2023 · filed 14 February 2024 · SEC CIK 1536520
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2023
Weights are against the whole filed book. Changes are in shares held, against the Q3 2023 filing.
| Company | Ticker | Value | % of book | vs Q3 2023 |
|---|---|---|---|---|
| TRICON RESIDENTIAL INC | $52.78M | 12.1% | -6% shares | |
| VENTAS, INC. | VTR | $46.98M | 10.8% | +3% shares |
| APARTMENT INCOME REIT CORP | $40.92M | 9.4% | -11% shares | |
| SUN COMMUNITIES, INC | SUI | $39.13M | 9.0% | +30% shares |
| SBA COMMUNICATIONS CORPORATION | SBAC | $38.44M | 8.8% | +6% shares |
| PROLOGIS INC | PLD | $34.26M | 7.9% | unchanged |
| VICI PROPERTIES INC. | VICI | $30.75M | 7.1% | +68% shares |
| AGREE REALTY CORPORATION | ADC | $25.48M | 5.9% | new |
| EQUINIX, INC. REIT | EQIX | $23.86M | 5.5% | -39% shares |
| NATIONAL HEALTH INVESTORS, INC. | NHI | $23.01M | 5.3% | +82% shares |
| TANGER INC | SKT | $18.07M | 4.2% | -32% shares |
| HILTON WORLDWIDE HOLDINGS INC. | HLT | $17.68M | 4.1% | new |
| RYMAN HOSPITALITY PPTYS INC | RHP | $17.67M | 4.1% | -11% shares |
| AMERICAN HOMES 4 RENT LLC | AMH | $13.62M | 3.1% | -3% shares |
| SMARTRENT, INC. | SMRT | $9.85M | 2.3% | -12% shares |
| CBRE GROUP, INC. CLASS A | CBRE | $2.58M | 0.6% | -69% shares |
What changed since Q3 2023
Against the Q3 2023 filing, Land & Buildings opened 2 new positions, added to 5, trimmed 8, left 1 unchanged and exited 4. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001536520-24-000005, filed by Land & Buildings Investment Management, LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.