SEC 13F Intelligence

Managers / Q4 2021 · view latest →

LDR Capital Management LLC

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

Reported Value
$219M
Q4 2021
Positions
43
Filings on Record
29
2019–present window
Filed
Feb 14, 2022
original filing

Summary

Ldr Capital Management LLC reported $219M in U.S.-listed holdings across 43 positions for Q4 2021.

Its largest position, Sl Green Rlty, represents 19.8% of the portfolio.

Compared with Q3 2021, the fund opened 13 new positions and exited 7.

Portfolio Metrics

Turnover
+13.4%
vs prior filed quarter
Top-10 Concentration
+74.7%
share of reported value
Largest Position
+19.8%
Sl Green Rlty
New / Exited
13 / 7
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: 65.6%PUBLIC: 18.4%Other: 5.6%US DOMESTIC: 4.5%Common Stock: 3.8%Other: 2.1%
  • REIT · 65.6% · $144M
  • PUBLIC · 18.4% · $40M
  • Other · 5.6% · $12M
  • US DOMESTIC · 4.5% · $10M
  • Common Stock · 3.8% · $8M
  • Other · 2.1% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RPT REALTYNEW+247.2K247.2K+$15M$15M
EPR PPTYSNEW+486.6K486.6K+$12M$12M
VTRVENTAS INCNEW+186.8K186.8K+$10M$10M
RLJ LODGING TRNEW+275.6K275.6K+$8M$8M
PSTLPOSTAL REALTY TRUST INCNEW+271.8K271.8K+$5M$5M
EPR PPTYSNEW+147.7K147.7K+$5M$5M
BRAEMAR HOTELS & RESORTS INCNEW+134.0K134.0K+$3M$3M
CTOCTO RLTY GROWTH INC NEWNEW+8.2K8.2K+$502,000$502,000

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

Holdings — Q4 2021

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SL GREEN RLTY CORPCOM19.84%$43M606.2K
2BXMTBLACKSTONE MTG TR INChistory →COM CL A12.36%$27M883.9K
3EPR PPTYSPFD C CV 5.75% · CONV PFD 9% SR E8.09%$18M634.3K
4RPT REALTY7.25 PFD D CONV · SH BEN INT6.89%$15M286.5K
5RLJRLJ LODGING TRCUM CONV PFD A · COM6.11%$13M668.0K
6MGPMGM GROWTH PPTYS LLChistory →CL A COM4.84%$11M259.5K
7PLYMPLYMOUTH INDL REIT INChistory →COM4.47%$10M305.9K
8VTRVENTAS INChistory →COM4.36%$10M186.8K
9COLDAMERICOLD RLTY TRhistory →COM4.16%$9M278.0K
10RMRRMR GROUP INChistory →CL A3.59%$8M227.0K
11GNLGLOBAL NET LEASE INChistory →COM NEW3.40%$7M487.7K
12OFFICE PPTYS INCOME TRCOM SHS BEN INT2.98%$7M262.9K
13GRANITE PT MTG TR INCNOTE 6.375%10/02.95%$6M6.35M
14CCICROWN CASTLE INTL CORP NEWhistory →COM2.71%$6M28.4K
15PSTLPOSTAL REALTY TRUST INChistory →CL A2.46%$5M271.8K
16PLAYA HOTELS & RESORTS NVSHS2.31%$5M634.3K
17ACRES COMMERCIAL REALTY CORPNOTE 4.500% 8/11.59%$3M3.48M
18BRAEMAR HOTELS & RESORTS INC5.5 CUM CV PFD B1.27%$3M134.0K
19CORENERGY INFRASTRUCTURE TRNOTE 5.875% 8/10.81%$2M1.91M
20CIOCITY OFFICE REIT INCCOM0.36%$780,00039.6K
21CEDAR REALTY TRUST INCCOM NEW0.34%$734,00029.2K
22HEALTHCARE TR AMER INCCL A NEW0.32%$697,00020.9K
23HRUSDHEALTHCARE RLTY TRCOM0.28%$607,00019.2K
24URSTADT BIDDLE PPTYS INCCL A0.25%$554,00026.0K
25SPIRIT RLTY CAP INC NEWCOM NEW0.25%$543,00011.3K
26HIWHIGHWOODS PPTYS INCCOM0.24%$536,00012.0K
27AKRACADIA RLTY TRCOM SH BEN INT0.24%$530,00024.3K
28AHRTARMADA HOFFLER PPTYS INCCOM0.23%$504,00033.1K
29CTOCTO RLTY GROWTH INC NEWCOM0.23%$502,0008.2K
30KRCKILROY RLTY CORPCOM0.23%$501,0007.5K
31BXPBOSTON PROPERTIES INCCOM0.22%$491,0004.3K
32EXPEEXPEDIA GROUP INCCOM NEW0.22%$475,0002.6K
33NHINATIONAL HEALTH INVS INCCOM0.22%$475,0008.3K
34CLDTCHATHAM LODGING TRCOM0.22%$474,00034.6K
35OUTFRONT MEDIA INCCOM0.22%$474,00017.7K
36DRHDIAMONDROCK HOSPITALITY COCOM0.21%$450,00046.9K
37PKPARK HOTELS & RESORTS INCCOM0.19%$408,00021.6K
38BRTBRT APARTMENTS CORPCOM0.13%$295,00012.3K
39HTEURHERSHA HOSPITALITY TRPR SHS BEN INT0.13%$284,00030.9K
40ASHFORD HOSPITALITY PRIME INCOM0.10%$223,00043.7K

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 ↗.