SEC 13F Intelligence

Managers / Q1 2022 · view latest →

LDR Capital Management LLC

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

Reported Value
$318M
Q1 2022
Positions
67
Filings on Record
29
2019–present window
Filed
May 11, 2022
original filing

Summary

Ldr Capital Management LLC reported $318M in U.S.-listed holdings across 67 positions for Q1 2022.

Its largest position, SLG, represents 15.6% of the portfolio.

Compared with Q4 2021, the fund opened 33 new positions and exited 9.

Portfolio Metrics

Turnover
+29.3%
vs prior filed quarter
Top-10 Concentration
+57.5%
share of reported value
Largest Position
+15.6%
Sl Green Rlty
New / Exited
33 / 9
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: 74.7%PUBLIC: 14.6%Other: 5.1%Common Stock: 2.3%US DOMESTIC: 2.0%Other: 1.3%
  • REIT · 74.7% · $238M
  • PUBLIC · 14.6% · $46M
  • Other · 5.1% · $16M
  • Common Stock · 2.3% · $7M
  • US DOMESTIC · 2.0% · $6M
  • Other · 1.3% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SLGSL GREEN RLTY CORPNEW+613.0K613.0K+$50M$50M
GLPIGAMING & LEISURE PPTYS INCNEW+220.5K220.5K+$10M$10M
KENNEDY-WILSON HOLDINGS INCNEW+244.0K244.0K+$6M$6M
BDNBrandywine Realty TrustNEW+408.8K408.8K+$6M$6M
CatchMark Timber TrustNEW+567.3K567.3K+$5M$5M
BRXBrixmor Property Group Inc.NEW+170.1K170.1K+$4M$4M
Apartment Income REITNEW+81.0K81.0K+$4M$4M
CORENERGY INFRASTRUCTURE TRNEW+217.4K217.4K+$4M$4M

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

Holdings — Q1 2022

63 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SLGSL GREEN RLTY CORPhistory →COM15.63%$50M613.0K
2BXMTBLACKSTONE MTG TR INChistory →COM CL A8.99%$29M901.0K
3HEALTHCARE TR AMER INCCL A NEW5.89%$19M598.6K
4EPR PPTYSPFD C CV 5.75% · CONV PFD 9% SR E5.40%$17M624.0K
5RPT REALTY7.25 PFD D CONV · SH BEN INT5.38%$17M319.4K
6RLJRLJ LODGING TRCUM CONV PFD A · COM4.15%$13M678.9K
7VTRVENTAS INChistory →COM3.67%$12M189.0K
8GLPIGAMING & LEISURE PPTYS INChistory →COM3.25%$10M220.5K
9PLYMPLYMOUTH INDL REIT INChistory →COM2.63%$8M308.8K
10COLDAMERICOLD RLTY TRhistory →COM2.52%$8M287.9K
11GNLGLOBAL NET LEASE INChistory →COM NEW2.37%$8M479.8K
12CCICROWN CASTLE INTL CORP NEWhistory →COM2.04%$6M35.2K
13GRANITE PT MTG TR INCNOTE 6.375%10/01.96%$6M6.27M
14KENNEDY-WILSON HOLDINGS INCCOM1.87%$6M244.0K
15CORENERGY INFRASTRUCTURE TRDEP SHS REPSTG · NOTE 5.875% 8/11.83%$6M2.12M
16BDNBrandywine Realty Trusthistory →SH BEN INT NEW1.82%$6M408.8K
17PLAYA HOTELS & RESORTS NVCOM1.81%$6M667.5K
18PSTLPOSTAL REALTY TRUST INChistory →CL A1.50%$5M284.2K
19CatchMark Timber TrustCL A1.46%$5M567.3K
20BRXBrixmor Property Group Inc.history →COM1.38%$4M170.1K
21Apartment Income REITCOM1.36%$4M81.0K
22UEUrban Edge Propertieshistory →COM1.25%$4M207.7K
23DOCHealthpeak Properties Inc.history →COM1.24%$4M114.8K
24UMHUMH Properties, Inchistory →COM1.24%$4M160.2K
25STAGStag Industrialhistory →COM1.21%$4M93.1K
26American CampusCOM1.20%$4M68.3K
27PECOPhillips Edison & Cohistory →COM1.05%$3M97.0K
28ALEXAlexander & Baldwin, Inc.COM0.97%$3M133.1K
29HTEURHERSHA HOSPITALITY TRPR SHS BEN INT0.86%$3M301.5K
30VNOVornado Realty TrustSH BEN INT0.80%$3M56.1K
31SPIRIT RLTY CAP INC NEWCOM NEW0.76%$2M52.8K
32BRAEMAR HOTELS & RESORTS INC5.5 CUM CV PFD B0.76%$2M133.0K
33Veris Residential Inc.COM0.72%$2M131.0K
34HIWHIGHWOODS PPTYS INCCOM0.71%$2M49.4K
35PDMPiedmont Office RealtyCOM CL A0.70%$2M129.9K
36IVTInventrust PropertyCOM NEW0.68%$2M70.2K
37ALXAlexanders Inc.COM0.67%$2M8.4K
38Howard Hughes Co.COM0.67%$2M20.7K
39RHPRyman HospitalityCOM0.66%$2M22.6K
40PEBPebblebrook Hotel TrustCOM0.58%$2M76.0K
41DigitalBridge Group IncCOM CL A0.58%$2M256.7K
42STWDStarwood Property TrustCOM0.57%$2M74.5K
43IStar Inc.COM0.54%$2M74.0K
44CCSCentury CommunitiesCOM0.49%$2M29.3K
45IRTIRT Property Co.COM0.43%$1M51.7K
46CIOCity Office REIT Inc.COM0.42%$1M76.2K
47FORForestar Group IncCOM0.41%$1M74.2K
48Physicians Realty TrustCOM0.38%$1M68.6K
49Lexington Realty Pr CCOM0.32%$1M19.3K
50KRCKILROY RLTY CORPCOM0.18%$581,0007.6K
51CTRECARETRUST REIT INCCOM0.18%$579,00030.0K
52BXPBOSTON PROPERTIES INCCOM0.17%$556,0004.3K
53DRHDIAMONDROCK HOSPITALITY COCOM0.17%$547,00053.9K
54CTOCTO RLTY GROWTH INC NEWCOM0.17%$540,0008.2K
55AKRACADIA RLTY TRCOM SH BEN INT0.17%$533,00024.5K
56OUTFRONT MEDIA INCCOM0.17%$532,00018.7K
57URSTADT BIDDLE PPTYS INCCL A0.17%$528,00027.9K
58CLDTCHATHAM LODGING TRCOM0.16%$514,00037.3K
59KRGKITE RLTY GROUP TRCOM NEW0.16%$497,00021.8K
60AHRTARMADA HOFFLER PPTYS INCCOM0.16%$494,00033.8K
61EXPEEXPEDIA GROUP INCCOM NEW0.15%$481,0002.5K
62PKPARK HOTELS & RESORTS INCCOM0.13%$424,00021.6K
63BRTBRT APARTMENTS CORPCOM0.09%$282,00011.8K

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 ↗.