SEC 13F Intelligence

Managers / Q1 2021 · view latest →

LDR Capital Management LLC

CIK 0001566089 · 300 PARK AVENUE, SUITE 520, NEW YORK, NY, 10022 · 646-927-5800

Reported Value
$132M
Q1 2021
Positions
36
Filings on Record
29
2019–present window
Filed
May 5, 2021
original filing

Summary

Ldr Capital Management LLC reported $132M in U.S.-listed holdings across 36 positions for Q1 2021.

The portfolio is heavily concentrated: Sl Green Rlty alone accounts for 31.0% of reported value.

Compared with Q4 2020, the fund opened 24 new positions and exited 5.

Portfolio Metrics

Turnover
+50.3%
vs prior filed quarter
Top-10 Concentration
+83.0%
share of reported value
Largest Position
+31.0%
Sl Green Rlty
New / Exited
24 / 5
positions this quarter

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

13F Reported Value
Q1 ’19: $123MQ1 ’19Q2 ’19: $146MQ3 ’19: $131MQ4 ’19: $167MQ1 ’20: $58MQ1 ’20Q2 ’20: $86MQ3 ’20: $101MQ4 ’20: $130MQ1 ’21: $132MQ1 ’21Q2 ’21: $159MQ3 ’21: $177MQ4 ’21: $219MQ1 ’22: $318MQ1 ’22Q2 ’22: $239MQ3 ’22: $198MQ4 ’22: $183MQ1 ’23: $152MQ1 ’23Q2 ’23: $161MQ3 ’23: $165MQ4 ’23: $179MQ1 ’24: $149MQ1 ’24Q2 ’24: $110MQ3 ’24: $90MQ4 ’24: $74MQ1 ’25: $83MQ1 ’25Q2 ’25: $77MQ3 ’25: $68MQ4 ’25: $72MQ1 ’26: $74MQ1 ’26filingsflow.com

Portfolio Composition

By security type
REIT: 76.7%Other: 12.6%US DOMESTIC: 6.3%Common Stock: 3.0%GLOBAL: 1.4%
  • REIT · 76.7% · $101M
  • Other · 12.6% · $17M
  • US DOMESTIC · 6.3% · $8M
  • Common Stock · 3.0% · $4M
  • GLOBAL · 1.4% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SL GREEN RLTY CORPNEW+584.3K584.3K+$41M$41M
PLAYA HOTELS & RESORNEW+1.19M1.19M+$9M$9M
PSTLPOSTAL REALTY TRUSTNEW+99.1K99.1K+$2M$2M
HRUSDHEALTHCARE RLTY TRNEW+17.5K17.5K+$532,000$532,000
HEALTHCARE TR AMER INEW+19.1K19.1K+$526,000$526,000
OHIOMEGA HEALTHCARE INVNEW+13.9K13.9K+$510,000$510,000
HIWHIGHWOODS PPTYS INCNEW+11.0K11.0K+$472,000$472,000
PDMPIEDMONT OFFICE REALNEW+26.3K26.3K+$457,000$457,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2021

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SL GREEN RLTY CORPCOM30.98%$41M584.3K
2BXMTBLACKSTONE MTG TR INhistory →COM CL A10.22%$13M435.3K
3GNLGLOBAL NET LEASE INChistory →COM NEW7.30%$10M533.9K
4PLAYA HOTELS & RESORSHS6.57%$9M1.19M
5OFFICE PPTYS INCOMECOM SHS BEN INT5.86%$8M281.1K
6DRHDIAMONDROCK HOSPITALhistory →COM5.28%$7M676.7K
7PLYMPLYMOUTH INDL REIT Ihistory →COM4.98%$7M390.3K
8CCICROWN CASTLE INTL COhistory →COM4.95%$7M38.0K
9GRANITE PT MTG TR INNOTE 6.375%10/03.61%$5M4.97M
10HTEURHERSHA HOSPITALITY Thistory →PR SHS BEN INT3.21%$4M401.2K
11COLDAMERICOLD RLTY TRhistory →COM3.09%$4M106.0K
12PREFERRED APT CMNTYSCOM2.71%$4M362.7K
13RESOURCE CAP CORPNOTE 4.500% 8/12.67%$4M3.73M
14CORENERGY INFRASTRUCNOTE 5.875% 8/11.42%$2M2.02M
15PSTLPOSTAL REALTY TRUSThistory →CL A1.29%$2M99.1K
16HRUSDHEALTHCARE RLTY TRCOM0.40%$532,00017.5K
17HEALTHCARE TR AMER ICL A NEW0.40%$526,00019.1K
18OHIOMEGA HEALTHCARE INVCOM0.39%$510,00013.9K
19HIWHIGHWOODS PPTYS INCCOM0.36%$472,00011.0K
20PDMPIEDMONT OFFICE REALCOM CL A0.35%$457,00026.3K
21KRCKILROY RLTY CORPCOM0.34%$453,0006.9K
22VERVEREIT INCCOM0.32%$417,00010.8K
23RLJRLJ LODGING TRCOM0.31%$403,00026.0K
24SPIRIT RLTY CAP INCCOM NEW0.30%$401,0009.5K
25BXPBOSTON PROPERTIES INCOM0.30%$395,0003.9K
26LADRLADDER CAP CORPCL A0.30%$392,00033.2K
27AMERICAN FIN TR INCCOM CLASS A0.29%$379,00038.6K
28AMERICAN CAMPUS CMNTCOM0.24%$319,0007.4K
29PS BUSINESS PKS INCCOM0.24%$319,0002.1K
30NNNNATIONAL RETAIL PROPCOM0.24%$318,0007.2K
31NXRTNEXPOINT RESIDENTIALCOM0.22%$287,0006.2K
32CUZCOUSINS PPTYS INCCOM NEW0.20%$270,0007.6K
33OUTFRONT MEDIA INCCOM0.18%$243,00011.2K
34AKRACADIA RLTY TRCOM SH BEN INT0.18%$232,00012.2K
35GLOBAL MED REIT INCCOM NEW0.15%$202,00015.4K
36ACREARES COML REAL ESTATCOM0.15%$199,00014.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$74M44May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$72M41Jan 22, 202613F-HRchanges · EDGAR ↗
Q3 2025$68M34Oct 29, 202513F-HRchanges · EDGAR ↗
Q2 2025$77M29Jul 22, 202513F-HRchanges · EDGAR ↗
Q1 2025$83M29Apr 21, 202513F-HRchanges · EDGAR ↗
Q4 2024$74M32Feb 3, 202513F-HRchanges · EDGAR ↗
Q3 2024$90M33Oct 21, 202413F-HRchanges · EDGAR ↗
Q2 2024$110M40Jul 26, 202413F-HRchanges · EDGAR ↗
Q1 2024$149M39May 1, 202413F-HRchanges · EDGAR ↗
Q4 2023$179M42Jan 24, 202413F-HRchanges · EDGAR ↗
Q3 2023$165M43Oct 30, 202313F-HRchanges · EDGAR ↗
Q2 2023$161M34Aug 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$152M36May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$183M39Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$198M50Nov 9, 202213F-HRchanges · EDGAR ↗
Q2 2022$239M68Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$318M67May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$219M43Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$177M37Oct 26, 202113F-HRchanges · EDGAR ↗
Q2 2021$159M36Aug 3, 202113F-HRchanges · EDGAR ↗
Q1 2021$132M36May 5, 202113F-HRchanges · EDGAR ↗
Q4 2020$130M17Feb 3, 202113F-HRchanges · EDGAR ↗
Q3 2020$101M15Nov 5, 202013F-HRchanges · EDGAR ↗
Q2 2020$86M14Jul 22, 202013F-HRchanges · EDGAR ↗
Q1 2020$58M11Apr 28, 202013F-HRchanges · EDGAR ↗
Q4 2019$167M19Feb 5, 202013F-HRchanges · EDGAR ↗
Q3 2019$131M23Nov 6, 201913F-HRchanges · EDGAR ↗
Q2 2019$146M33Jul 31, 201913F-HRchanges · EDGAR ↗
Q1 2019$123M26Apr 26, 201913F-HRchanges · 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 ↗.