Land & Buildings 13F, Q3 2025
Jonathan Litt · quarter ending 30 September 2025 · filed 14 November 2025 · SEC CIK 1536520
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2025
Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| AMERICAN HEALTHCARE REIT INC | AHR | $48.39M | 8.9% | +7% shares |
| SIMON PPTY GROUP INC NEW | SPG | $38.70M | 7.1% | +43% shares |
| FIRST INDL RLTY TR INC | FR | $36.57M | 6.7% | -7% shares |
| VENTAS INC | VTR | $36.54M | 6.7% | +7% shares |
| SIX FLAGS ENTERTAINMENT CORP | FUN | $36.02M | 6.6% | new |
| CENTERSPACE | CSR | $35.30M | 6.5% | +96% shares |
| NATIONAL HEALTH INVS INC | NHI | $34.65M | 6.4% | -5% shares |
| AMERICAN HOMES 4 RENT | AMH | $32.62M | 6.0% | +24% shares |
| TANGER INC | SKT | $30.54M | 5.6% | +23% shares |
| SUN CMNTYS INC | SUI | $30.29M | 5.6% | +21% shares |
| EQUINIX INC | EQIX | $24.96M | 4.6% | -10% shares |
| PROLOGIS INC. | PLD | $24.04M | 4.4% | new |
| CBRE GROUP INC | CBRE | $22.43M | 4.1% | -14% shares |
| GAMING & LEISURE PPTYS INC | GLPI | $20.60M | 3.8% | -18% shares |
| EXTRA SPACE STORAGE INC | EXR | $19.39M | 3.6% | -24% shares |
| MARRIOTT INTL INC NEW | MAR | $19.29M | 3.5% | -28% shares |
| OUTFRONT MEDIA INC | OUT | $17.43M | 3.2% | -34% shares |
| CROWN CASTLE INC | CCI | $12.52M | 2.3% | new |
| RYMAN HOSPITALITY PPTYS INC | RHP | $9.57M | 1.8% | +4% shares |
| EMPIRE ST RLTY TR INC | ESRT | $7.77M | 1.4% | new |
| AVALONBAY CMNTYS INC | AVB | $3.72M | 0.7% | new |
| UDR INC | UDR | $3.57M | 0.7% | new |
What changed since Q2 2025
Against the Q2 2025 filing, Land & Buildings opened 6 new positions, added to 8, trimmed 8, left 0 unchanged and exited 5. 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 0001536520-25-000007, 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.