SEC 13F Intelligence

Managers / Q3 2021 · view latest →

LDR Capital Management LLC

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

Reported Value
$177M
Q3 2021
Positions
37
Filings on Record
29
2019–present window
Filed
Oct 26, 2021
original filing

Summary

Ldr Capital Management LLC reported $177M in U.S.-listed holdings across 37 positions for Q3 2021.

The portfolio is heavily concentrated: Sl Green Rlty alone accounts for 24.0% of reported value.

Compared with Q2 2021, the fund opened 3 new positions and exited 2.

Portfolio Metrics

Turnover
+7.5%
vs prior filed quarter
Top-10 Concentration
+77.5%
share of reported value
Largest Position
+24.0%
Sl Green Rlty
New / Exited
3 / 2
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: 78.0%Other: 9.9%US DOMESTIC: 6.1%Common Stock: 4.9%GLOBAL: 1.1%
  • REIT · 78.0% · $138M
  • Other · 9.9% · $17M
  • US DOMESTIC · 6.1% · $11M
  • Common Stock · 4.9% · $9M
  • GLOBAL · 1.1% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MGPMGM GROWTH PPTYS LLCNEW+277.5K277.5K+$11M$11M
RMRRMR GROUP INCNEW+248.1K248.1K+$8M$8M
CEDAR REALTY TRUST INEW+24.6K24.6K+$533,000$533,000
UDRUDR INCSOLD OUT−7.7K0−$377,000$0
AMERICAN CAMPUS CMNTSOLD OUT−7.4K0−$346,000$0
HTEURHERSHA HOSPITALITY TTRIMMED−203.8K195.3K−$2M$2M
RPT REALTYADDED+11.6K35.9K+$142,000$458,000
BXMTBLACKSTONE MTG TR INADDED+270.8K867.3K+$7M$26M

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

Holdings — Q3 2021

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SL GREEN RLTY CORPCOM24.00%$42M598.8K
2BXMTBLACKSTONE MTG TR INhistory →COM CL A14.88%$26M867.3K
3MGPMGM GROWTH PPTYS LLChistory →CL A COM6.01%$11M277.5K
4PLAYA HOTELS & RESORSHS5.63%$10M1.20M
5GNLGLOBAL NET LEASE INChistory →COM NEW4.92%$9M542.4K
6RMRRMR GROUP INChistory →CL A4.70%$8M248.1K
7RLJRLJ LODGING TRhistory →COM4.63%$8M550.9K
8PKPARK HOTELS & RESORThistory →COM4.34%$8M400.3K
9COLDAMERICOLD RLTY TRhistory →COM4.32%$8M262.8K
10OFFICE PPTYS INCOMECOM SHS BEN INT4.03%$7M281.0K
11GRANITE PT MTG TR INNOTE 6.375%10/03.96%$7M6.97M
12PLYMPLYMOUTH INDL REIT Ihistory →COM3.93%$7M305.0K
13CCICROWN CASTLE INTL COhistory →COM2.78%$5M28.4K
14ACREARES COML REAL ESTAThistory →COM2.50%$4M293.2K
15RESOURCE CAP CORPNOTE 4.500% 8/12.12%$4M3.75M
16CORENERGY INFRASTRUCNOTE 5.875% 8/11.07%$2M2.02M
17HTEURHERSHA HOSPITALITY Thistory →PR SHS BEN INT1.03%$2M195.3K
18CIOCITY OFFICE REIT INCCOM0.37%$647,00036.2K
19HEALTHCARE TR AMER ICL A NEW0.32%$566,00019.1K
20CEDAR REALTY TRUST ICOM NEW0.30%$533,00024.6K
21HRUSDHEALTHCARE RLTY TRCOM0.30%$522,00017.5K
22COREPOINT LODGING INCOM0.28%$503,00032.5K
23HIWHIGHWOODS PPTYS INCCOM0.27%$482,00011.0K
24RPT REALTYSH BEN INT0.26%$458,00035.9K
25KRCKILROY RLTY CORPCOM0.26%$457,0006.9K
26AKRACADIA RLTY TRCOM SH BEN INT0.26%$454,00022.2K
27URSTADT BIDDLE PPTYSCL A0.26%$451,00023.8K
28AHRTARMADA HOFFLER PPTYSCOM0.25%$448,00033.5K
29OHIOMEGA HEALTHCARE INVCOM0.25%$441,00014.7K
30SPIRIT RLTY CAP INCCOM NEW0.25%$436,0009.5K
31BXPBOSTON PROPERTIES INCOM0.24%$422,0003.9K
32PS BUSINESS PKS INCCOM0.24%$417,0002.7K
33OUTFRONT MEDIA INCCOM0.23%$407,00016.2K
34CLDTCHATHAM LODGING TRCOM0.22%$387,00031.6K
35AMERICAN FIN TR INCCOM CLASS A0.22%$387,00048.1K
36LADRLADDER CAP CORPCL A0.21%$367,00033.2K
37NNNNATIONAL RETAIL PROPCOM0.18%$312,0007.2K

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 ↗.