Land & Buildings 13F, Q2 2025
Jonathan Litt · quarter ending 30 June 2025 · filed 14 August 2025 · SEC CIK 1536520
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2025
Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| AMERICAN HEALTHCARE REIT INC | AHR | $39.65M | 7.9% | -6% shares |
| FIRST INDUSTRIAL REALTY TRUST, INC. | FR | $36.86M | 7.4% | +19% shares |
| NATIONAL HEALTH INVESTORS, INC. | NHI | $32.25M | 6.4% | -22% shares |
| VENTAS, INC. | VTR | $30.91M | 6.2% | +13% shares |
| AMERICAN HOMES 4 RENT LLC | AMH | $28.49M | 5.7% | -10% shares |
| EQUINIX, INC. REIT | EQIX | $28.30M | 5.7% | +22% shares |
| MARRIOTT INTERNATIONAL, INC CLASS A | MAR | $28.28M | 5.6% | +14% shares |
| EXTRA SPACE STORAGE INC. | EXR | $26.60M | 5.3% | -13% shares |
| GAMING AND LEISURE PROP, INC. | GLPI | $25.23M | 5.0% | new |
| SUN COMMUNITIES, INC | SUI | $24.51M | 4.9% | +6% shares |
| OUTFRONT MEDIA INC. | OUT | $23.42M | 4.7% | +38% shares |
| SIMON PROPERTY GROUP INC | SPG | $23.16M | 4.6% | +14% shares |
| CBRE GROUP, INC. CLASS A | CBRE | $23.11M | 4.6% | +29% shares |
| TANGER INC | SKT | $22.52M | 4.5% | +21% shares |
| REXFORD INDL RLTY INC | REXR | $19.96M | 4.0% | new |
| CENTERSPACE | CSR | $18.37M | 3.7% | new |
| KITE REALTY GROUP TRUST | KRG | $18.28M | 3.6% | unchanged |
| D.R. HORTON, INC. | DHI | $17.94M | 3.6% | new |
| AMERICAN TOWER CORPORATION | AMT | $17.36M | 3.5% | -8% shares |
| RYMAN HOSPITALITY PPTYS INC | RHP | $10.10M | 2.0% | new |
| EQUITY RESIDENTIAL | EQR | $5.78M | 1.1% | -78% shares |
What changed since Q1 2025
Against the Q1 2025 filing, Land & Buildings opened 5 new positions, added to 9, trimmed 6, 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 0001536520-25-000005, 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.