Land & Buildings 13F, Q4 2025
Jonathan Litt · quarter ending 31 December 2025 · filed 17 February 2026 · SEC CIK 1536520
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2025
Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| CENTERSPACE | CSR | $55.27M | 9.2% | +38% shares |
| FIRST INDL RLTY TR INC | FR | $52.26M | 8.7% | +28% shares |
| AMERICAN HEALTHCARE REIT INC | AHR | $49.56M | 8.2% | -9% shares |
| EQUINIX INC | EQIX | $44.37M | 7.4% | +82% shares |
| VENTAS INC | VTR | $39.09M | 6.5% | -3% shares |
| NATIONAL STORAGE AFFILIATES | NSA | $37.08M | 6.2% | new |
| SUN CMNTYS INC | SUI | $35.37M | 5.9% | +22% shares |
| AMERICAN HOMES 4 RENT | AMH | $34.66M | 5.8% | +10% shares |
| NATIONAL HEALTH INVS INC | NHI | $31.55M | 5.2% | -5% shares |
| SIMON PPTY GROUP INC NEW | SPG | $31.01M | 5.2% | -19% shares |
| OUTFRONT MEDIA INC | OUT | $29.93M | 5.0% | +31% shares |
| TANGER INC | SKT | $27.59M | 4.6% | -8% shares |
| SIX FLAGS ENTERTAINMENT CORP | FUN | $26.74M | 4.4% | +10% shares |
| GAMING & LEISURE PPTYS INC | GLPI | $25.48M | 4.2% | +29% shares |
| CBRE GROUP INC | CBRE | $20.50M | 3.4% | -10% shares |
| MARRIOTT INTL INC NEW | MAR | $19.75M | 3.3% | -14% shares |
| RYMAN HOSPITALITY PPTYS INC | RHP | $19.27M | 3.2% | +91% shares |
| PROLOGIS INC. | PLD | $17.07M | 2.8% | -36% shares |
| CURBLINE PPTYS CORP | CURB | $5.05M | 0.8% | new |
What changed since Q3 2025
Against the Q3 2025 filing, Land & Buildings opened 2 new positions, added to 9, 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.
Other quarters
Source: SEC Form 13F-HR, accession 0001536520-26-000002, 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.