Managers / Q4 2019 · view latest →
LDR Capital Management LLC
CIK 0001566089 · 300 PARK AVENUE, SUITE 520, NEW YORK, NY, 10022 · 646-927-5800
Summary
Ldr Capital Management LLC reported $167M in U.S.-listed holdings across 19 positions for Q4 2019.
The portfolio is heavily concentrated: Sl Green Rlty alone accounts for 21.6% of reported value.
Compared with Q3 2019, the fund opened 7 new positions and exited 11.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- REIT · 76.7% · $128M
- PUBLIC · 18.5% · $31M
- PRIVATE · 2.6% · $4M
- Common Stock · 2.2% · $4M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| AMTAMERICAN TOWER CORP | NEW | +48.7K | 48.7K | +$11M | $11M |
| VEREIT INC | NEW | +927.0K | 927.0K | +$9M | $9M |
| EPREPR PPTYS | NEW | +117.8K | 117.8K | +$8M | $8M |
| SPIRIT RLTY CAP INC | NEW | +165.0K | 165.0K | +$8M | $8M |
| VNOVORNADO RLTY TR | NEW | +121.2K | 121.2K | +$8M | $8M |
| COLDAMERICOLD RLTY TR | NEW | +227.0K | 227.0K | +$8M | $8M |
| PMTPENNYMAC MTG INVT TR | NEW | +75.0K | 75.0K | +$2M | $2M |
| SUISUN CMNTYS INC | SOLD OUT | −71.7K | 0 | −$11M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SL GREEN RLTY CORP | COM | 21.64% | $36M | 392.6K |
| 2 | EPREPR PPTYS | PFD C CNV 5.75% · COM SH BEN INT | 12.73% | $21M | 529.1K |
| 3 | AMTAMERICAN TOWER CORPhistory → | COM | 6.71% | $11M | 48.7K |
| 4 | MGPMGM GROWTH PPTYS LLChistory → | CL A COM | 6.49% | $11M | 349.3K |
| 5 | QTS RLTY TR INC | 6.50% CON PFD B | 5.91% | $10M | 76.3K |
| 6 | PLYMPLYMOUTH INDL REIT Ihistory → | COM | 5.61% | $9M | 508.6K |
| 7 | VEREIT INC | COM | 5.14% | $9M | 927.0K |
| 8 | SPIRIT RLTY CAP INC | COM NEW | 4.87% | $8M | 165.0K |
| 9 | CROWN CASTLE INTL CO | 6.875% CON PFD A | 4.84% | $8M | 6.3K |
| 10 | VNOVORNADO RLTY TRhistory → | SH BEN INT | 4.83% | $8M | 121.2K |
| 11 | COLDAMERICOLD RLTY TRhistory → | COM | 4.77% | $8M | 227.0K |
| 12 | TRTXTPG RE FIN TR INChistory → | COM | 4.48% | $7M | 368.7K |
| 13 | GNLGLOBAL NET LEASE INChistory → | COM NEW | 4.05% | $7M | 332.7K |
| 14 | BRAEMAR HOTELS & RES | 5.5 CUM CV PFD B | 2.58% | $4M | 226.7K |
| 15 | PREFERRED APT CMNTYS | COM | 2.19% | $4M | 273.5K |
| 16 | BXMTBLACKSTONE MTG TR INhistory → | COM CL A | 1.73% | $3M | 77.5K |
| 17 | PMTPENNYMAC MTG INVT TRhistory → | COM | 1.00% | $2M | 75.0K |
| 18 | ABRARBOR RLTY TR INC | COM | 0.43% | $718,000 | 50.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $74M | 44 | May 11, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $72M | 41 | Jan 22, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $68M | 34 | Oct 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $77M | 29 | Jul 22, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $83M | 29 | Apr 21, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $74M | 32 | Feb 3, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $90M | 33 | Oct 21, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $110M | 40 | Jul 26, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $149M | 39 | May 1, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $179M | 42 | Jan 24, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $165M | 43 | Oct 30, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $161M | 34 | Aug 7, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $152M | 36 | May 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $183M | 39 | Feb 7, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $198M | 50 | Nov 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $239M | 68 | Aug 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $318M | 67 | May 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $219M | 43 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $177M | 37 | Oct 26, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $159M | 36 | Aug 3, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $132M | 36 | May 5, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $130M | 17 | Feb 3, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $101M | 15 | Nov 5, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $86M | 14 | Jul 22, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $58M | 11 | Apr 28, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $167M | 19 | Feb 5, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $131M | 23 | Nov 6, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $146M | 33 | Jul 31, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $123M | 26 | Apr 26, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.