Land & Buildings 13F, Q1 2025
Jonathan Litt · quarter ending 31 March 2025 · filed 15 May 2025 · SEC CIK 1536520
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| NATIONAL HEALTH INVESTORS, INC. | NHI | $43.35M | 9.2% | +26% shares |
| FIRST INDUSTRIAL REALTY TRUST, INC. | FR | $34.76M | 7.4% | -8% shares |
| AMERICAN HEALTHCARE REIT INC | AHR | $34.75M | 7.3% | -26% shares |
| AMERICAN HOMES 4 RENT LLC | AMH | $33.30M | 7.0% | +19% shares |
| EXTRA SPACE STORAGE INC. | EXR | $30.72M | 6.5% | new |
| VENTAS, INC. | VTR | $29.84M | 6.3% | -38% shares |
| EQUITY RESIDENTIAL | EQR | $27.87M | 5.9% | +145% shares |
| APARTMENT INVESTMENT AND MANAGEMENT COMPANY | AIV | $27.65M | 5.8% | +2% shares |
| EQUINIX, INC. REIT | EQIX | $23.88M | 5.0% | -29% shares |
| SUN COMMUNITIES, INC | SUI | $23.57M | 5.0% | +16% shares |
| MARRIOTT INTERNATIONAL, INC CLASS A | MAR | $21.72M | 4.6% | -4% shares |
| SIMON PROPERTY GROUP INC | SPG | $20.95M | 4.4% | -6% shares |
| TANGER INC | SKT | $20.56M | 4.3% | -38% shares |
| AMERICAN TOWER CORPORATION | AMT | $18.58M | 3.9% | +36% shares |
| KITE REALTY GROUP TRUST | KRG | $18.05M | 3.8% | -37% shares |
| OUTFRONT MEDIA INC. | OUT | $16.73M | 3.5% | new |
| CBRE GROUP, INC. CLASS A | CBRE | $16.68M | 3.5% | -33% shares |
| VICI PROPERTIES INC. | VICI | $15.20M | 3.2% | +48% shares |
| ELME COMMUNITIES SBI | ELME | $9.51M | 2.0% | new |
| SMARTRENT, INC. | SMRT | $4.93M | 1.0% | +2% shares |
What changed since Q4 2024
Against the Q4 2024 filing, Land & Buildings opened 3 new positions, added to 8, trimmed 9, left 0 unchanged and exited 3. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Added to
Other quarters
Source: SEC Form 13F-HR, accession 0001536520-25-000003, 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.