LP
Long Pond Capital, LP Institutional Portfolio & 13F Holdings (Q2 2026)
Long Pond Capital, LPCIK: 0001499066
Sector-focusedMomentum followerHigh-turnover trader
Total reported value
$1.0B
Reporting period: 2026-06-30 · Number of holdings: 31
Long Pond Capital, LP disclosed 31 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.0B and a quarterly turnover rate of 80.9%.
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Personality snowflake
- Concentration
- 35.66
- Portfolio Stability
- 80.89
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 60
- Sizing Uniformity
- 86.84
Long Pond Capital, LP's disclosed holdings carry a Herfindahl concentration index of 0.089 — mathematically equivalent to about 11 equally-sized positions, well below its 31 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.32), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 63% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd SBAC
+247.2% $176.2M
Trim WH
-95.7% -$54.5M
Add HGV
+144.4% $43.1M
Sold out INN
New buy CHDN
Add COMP
+195.4% $35.4M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 30 holdings (of 31 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SBAC | Sba Communications CORP | Stock-Real Estate | 23.56% | +16.98% | +247.18% | |
| 2 | IRT | Independence Realty Trust In | Stock-Real Estate | 8.23% | +0.08% | -10.48% | |
| 3 | JAN | Janus Living Inc Cl-a-1 | Stock-Other | 7.10% | -0.31% | -21.93% | |
| 4 | HGV | Hilton Grand Vacations Inc | Stock-Other | 5.97% | +4.16% | +144.36% | |
| 5 | JBGS | Jbg Smith Properties | Stock-Other | 5.67% | -0.49% | -8.84% | |
| 6 | TRTX | Tpg Re Finance Trust Inc | Stock-Other | 5.66% | +0.42% | — | |
| 7 | COMP | Compass Inc - Class A | Stock-Real Estate | 4.26% | +3.41% | +195.42% | |
| 8 | COLD | Americold Realty Trust Inc | Stock-Real Estate | 4.06% | -0.86% | -40.30% | |
| 9 | KREF | Kkr Real Estate Finance Trus | Stock-Other | 3.82% | +0.47% | +1.39% | |
| 10 | PRKS | United Parks & Resorts Inc | Stock-Other | 3.57% | -1.67% | -53.78% | |
| 11 | CHDN | Churchill Downs Inc | Stock-Consumer Disc | 3.43% | +3.43% | NEW | |
| 12 | WYNN | Wynn Resorts LTD | Stock-Consumer Disc | 2.86% | -2.27% | -42.03% | |
| 13 | POOL | Pool CORP | Stock-Industrials | 2.73% | +0.62% | +20.91% | |
| 14 | FERG | Ferguson Enterprises Inc | Stock-Industrials | 2.36% | +2.36% | NEW | |
| 15 | BLDR | Builders Firstsource Inc | Stock-Industrials | 2.11% | +2.11% | NEW | |
| 16 | CPT | Camden Property Trust | Stock-Real Estate | 2.01% | -1.73% | -54.49% | |
| 17 | FUN | Six Flags Entertainment CORP | Stock-Other | 2.01% | +0.74% | +30.51% | |
| 18 | ELS | Equity Lifestyle Properties | Stock-Real Estate | 1.90% | +1.90% | NEW | |
| 19 | SMA | Smartstop Self Storage Reit | Stock-Other | 1.39% | -0.38% | -27.49% | |
| 20 | NXRT | Nexpoint Residential | Stock-Other | 1.21% | +0.13% | — | |
| 21 | HD | Home Depot Inc | Stock-Consumer Disc | 1.00% | +1.00% | NEW | |
| 22 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 0.94% | +0.94% | NEW | |
| 23 | MHO | M/i Homes Inc | Stock-Consumer Disc | 0.85% | +0.29% | +16.04% | |
| 24 | LPX | Louisiana-pacific CORP | Stock-Industrials | 0.71% | +0.71% | NEW | |
| 25 | SMRT | Smartrent Inc | Stock-Other | 0.64% | -0.16% | — | |
| 26 | MAA | Mid-america Apartment Comm | Stock-Real Estate | 0.54% | +0.07% | — | |
| 27 | DOC | Healthpeak Properties Inc | Stock-Real Estate | 0.53% | -3.38% | -89.68% | |
| 28 | ARE | Alexandria Real Estate Equit | Stock-Real Estate | 0.48% | +0.48% | NEW | |
| 29 | WH | Wyndham Hotels & Resorts Inc | Stock-Consumer Disc | 0.24% | -5.20% | -95.72% | |
| 30 | FBIN | Fortune Brands Innovations I | Stock-Industrials | 0.16% | +0.16% | NEW |
Portfolio Performance
Performance for Q3 2026
+1%
Performance Last 4 Quarters
+4.5%
- Stdev
- +19%
- Beta
- +0.96
- Alpha
- -9%
- Max Drawdown
- -12.6%
- Annualized Perf
- +8.9%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +0.87
- Stutzer
- +0.16
- Treynor
- +0.11
- Sterling
- +0.44
- Calmar
- +0.7
- Information Ratio
- -0.68
- Tracking Error
- +14.3%
- Stdev Down
- +11.8%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +35.5%
- Worst 12 Months
- -1.9%
- Efficiency Ratio
- +0.18
- Sharpe
- +0.54
- Stdev Sectors
- +27.6%
- Skewness
- +0.06
- Kurtosis
- -0.39
- Upside Potential
- +2.71
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 31 | $1.0B | 81 | ||
| 2026 Q1 | 33 | $1.0B | 100 | ||
| 2025 Q4 | 30 | $851.2M | 100 | ||
| 2025 Q3 | 28 | $1.4B | 100 | ||
| 2025 Q2 | 29 | $1.6B | 0 | ||
| 2025 Q1 | 34 | $1.5B | 100 | ||
| 2024 Q4 | 28 | $2.0B | 0 | ||
| 2024 Q3 | 38 | $2.2B | 0 | ||
| 2024 Q2 | 36 | $1.9B | 0 | ||
| 2024 Q1 | 35 | $1.7B | 0 | ||
| 2023 Q4 | 31 | $1.2B | 0 | ||
| 2023 Q3 | 28 | $1.8B | 0 | ||
| 2023 Q2 | 29 | $1.7B | 0 | ||
| 2023 Q1 | 39 | $1.9B | 0 | ||
| 2022 Q4 | 38 | $1.6B | 0 | ||
| 2022 Q3 | 33 | $1.7B | 0 | ||
| 2022 Q2 | 40 | $2.0B | 0 | ||
| 2022 Q1 | 35 | $2.5B | 0 | ||
| 2021 Q4 | 43 | $2.8B | 0 | ||
| 2021 Q3 | 37 | $2.7B | 0 | ||
| 2021 Q2 | 42 | $2.9B | 0 | ||
| 2021 Q1 | 38 | $2.9B | 84 | ||
| 2020 Q4 | 34 | $3.0B | 96 | ||
| 2020 Q3 | 38 | $2.6B | 52 | ||
| 2020 Q2 | 38 | $2.5B | 100 | ||
| 2020 Q1 | 30 | $2.0B | 98 | ||
| 2019 Q4 | 35 | $3.9B | 66 | ||
| 2019 Q3 | 35 | $3.8B | 46 | ||
| 2019 Q2 | 39 | $3.3B | 67 | ||
| 2019 Q1 | 37 | $2.9B | 60 | ||
| 2018 Q4 | 32 | $2.5B | 74 | ||
| 2018 Q3 | 39 | $3.8B | 55 | ||
| 2018 Q2 | 41 | $4.5B | 61 | ||
| 2018 Q1 | 31 | $3.9B | 68 | ||
| 2017 Q4 | 28 | $3.5B | 44 | ||
| 2017 Q3 | 27 | $2.8B | 65 | ||
| 2017 Q2 | 26 | $2.6B | 89 | ||
| 2017 Q1 | 26 | $2.3B | 76 | ||
| 2016 Q4 | 22 | $2.1B | 60 | ||
| 2016 Q3 | 24 | $2.1B | 65 | ||
| 2016 Q2 | 30 | $2.1B | 76 | ||
| 2016 Q1 | 25 | $2.0B | 83 | ||
| 2015 Q4 | 28 | $2.2B | 70 | ||
| 2015 Q3 | 35 | $2.3B | 89 | ||
| 2015 Q2 | 33 | $2.7B | 95 | ||
| 2015 Q1 | 34 | $2.2B | 87 | ||
| 2014 Q4 | 34 | $1.7B | 56 | ||
| 2014 Q3 | 35 | $1.5B | 73 | ||
| 2014 Q2 | 32 | $1.5B | 72 | ||
| 2014 Q1 | 28 | $1.0B | 100 | ||
| 2013 Q4 | 31 | $1.0B | 96 | ||
| 2013 Q3 | 22 | $643.2M | 96 | ||
| 2013 Q2 | 28 | $566.3M | 0 |
Holding changes this quarter
Long Pond Capital, LP's most significant position changes for 2026-06-30: Sold out: Summit Hotel Properties Inc (INN); New buy: Churchill Downs Inc (CHDN); Sold out: Norwegian Cruise Line Holdings Ltd. (NCLH); Sold out: Hyatt Hotels CORP - Cl A (H); Sold out: American Homes 4 Rent- A (AMH).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SBAC | Sba Communications CORP | +17% | +247.18% | Add |
| 2 | HGV | Hilton Grand Vacations Inc | +4.2% | +144.36% | Add |
| 3 | CHDN | Churchill Downs Inc | +3.4% | NEW | New buy |
| 4 | COMP | Compass Inc - Class A | +3.4% | +195.42% | Add |
| 5 | FERG | Ferguson Enterprises Inc | +2.4% | NEW | New buy |
| 6 | BLDR | Builders Firstsource Inc | +2.1% | NEW | New buy |
| 7 | ELS | Equity Lifestyle Properties | +1.9% | NEW | New buy |
| 8 | HD | Home Depot Inc | +1% | NEW | New buy |
| 9 | LOW | Lowe's Cos Inc | +0.9% | NEW | New buy |
| 10 | FUN | Six Flags Entertainment CORP | +0.7% | +30.51% | Add |
| 11 | LPX | Louisiana-pacific CORP | +0.7% | NEW | New buy |
| 12 | POOL | Pool CORP | +0.6% | +20.91% | Add |
| 13 | ARE | Alexandria Real Estate Equit | +0.5% | NEW | New buy |
| 14 | KREF | Kkr Real Estate Finance Trus | +0.5% | +1.39% | Add |
| 15 | TRTX | Tpg Re Finance Trust Inc | +0.4% | — | Unchanged |
| 16 | MHO | M/i Homes Inc | +0.3% | +16.04% | Add |
| 17 | FBIN | Fortune Brands Innovations I | +0.2% | NEW | New buy |
| 18 | NXRT | Nexpoint Residential | +0.1% | — | Unchanged |
| 19 | IRT | Independence Realty Trust In | +0.1% | -10.48% | Trim |
| 20 | MAA | Mid-america Apartment Comm | +0.1% | — | Unchanged |
| 21 | SMRT | Smartrent Inc | -0.2% | — | Unchanged |
| 22 | JAN | Janus Living Inc Cl-a-1 | -0.3% | -21.93% | Trim |
| 23 | SMA | Smartstop Self Storage Reit | -0.4% | -27.49% | Trim |
| 24 | SLG | Sl Green Realty CORP | -0.5% | EXIT | Sold out |
| 25 | JBGS | Jbg Smith Properties | -0.5% | -8.84% | Trim |
| 26 | SAFE | Safehold Inc | -0.7% | EXIT | Sold out |
| 27 | COLD | Americold Realty Trust Inc | -0.9% | -40.30% | Trim |
| 28 | TMHC | Taylor Morrison Home CORP | -1% | EXIT | Sold out |
| 29 | CSR | Centerspace | -1% | EXIT | Sold out |
| 30 | LINE | Lineage Inc | -1.3% | EXIT | Sold out |
| 31 | CUBE | Cubesmart | -1.5% | EXIT | Sold out |
| 32 | PRKS | United Parks & Resorts Inc | -1.7% | -53.78% | Trim |
| 33 | CPT | Camden Property Trust | -1.7% | -54.49% | Trim |
| 34 | JHX | James Hardie Industries plc | -2.1% | EXIT | Sold out |
| 35 | WYNN | Wynn Resorts LTD | -2.3% | -42.03% | Trim |
| 36 | KRC | Kilroy Realty CORP | -2.8% | EXIT | Sold out |
| 37 | AMH | American Homes 4 Rent- A | -3% | EXIT | Sold out |
| 38 | H | Hyatt Hotels CORP - Cl A | -3.1% | EXIT | Sold out |
| 39 | NCLH | Norwegian Cruise Line Holdings Ltd. | -3.1% | EXIT | Sold out |
| 40 | DOC | Healthpeak Properties Inc | -3.4% | -89.68% | Trim |
| 41 | INN | Summit Hotel Properties Inc | -4% | EXIT | Sold out |
| 42 | WH | Wyndham Hotels & Resorts Inc | -5.2% | -95.72% | Trim |
Filing History
FAQ
What is Long Pond Capital, LP and what type of investor is it?
Long Pond Capital, LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $1.0B, spread across 31 disclosed positions.
What are Long Pond Capital, LP's largest equity positions?
Based on the latest 13F filing, Long Pond Capital, LP's top holdings by market value are:
1. Sba Communications CORP (SBAC) — $245.1M (23.6%)
2. Independence Realty Trust In (IRT) — $85.6M (8.2%)
3. Janus Living Inc Cl-a-1 (JAN) — $73.8M (7.1%)
4. Hilton Grand Vacations Inc (HGV) — $62.1M (6.0%)
5. Jbg Smith Properties (JBGS) — $59.0M (5.7%)
What changes did Long Pond Capital, LP make in its most recent portfolio filing?
In the latest reported quarter, Long Pond Capital, LP made 38 notable position adjustments: 9 new positions were initiated, 7 existing holdings were added to, 10 positions were partially reduced, and 12 were completely exited. The largest of these moves: Sold out: Summit Hotel Properties Inc (INN); New buy: Churchill Downs Inc (CHDN); Sold out: Norwegian Cruise Line Holdings Ltd. (NCLH); Sold out: Hyatt Hotels CORP - Cl A (H); Sold out: American Homes 4 Rent- A (AMH)
What sectors does Long Pond Capital, LP focus on?
Long Pond Capital, LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Real Estate: 72.3%
• Consumer Discretionary: 14.8%
• Industrials: 12.8%
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Investment Profile
Long Pond Capital, LP returned an annualized 8.9% over the trailing 36 months — underperforming the S&P 500 by 9.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.96 (roughly in line with the market) and a 39% quarterly batting average against the index.
Its portfolio is moderately concentrated and fast-trading, with 72.3% of the portfolio concentrated in Real Estate.
Its turnover score has risen from 0 to 81 over the past 4 quarters — a shift toward more active trading.
It has added to its IRT position over the past two quarters (+$68.1M, now $85.6M), while trimming COLD over the same stretch (-$32.7M, still holding $42.2M).
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Developer Access
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