SEC 13F Intelligence

Managers / Q2 2022 · view latest →

LDR Capital Management LLC

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

Reported Value
$239M
Q2 2022
Positions
68
Filings on Record
29
2019–present window
Filed
Aug 12, 2022
original filing

Summary

Ldr Capital Management LLC reported $239M in U.S.-listed holdings across 68 positions for Q2 2022.

Its largest position, BXMT, represents 19.0% of the portfolio.

Compared with Q1 2022, the fund opened 3 new positions and exited 2.

Portfolio Metrics

Turnover
+9.4%
vs prior filed quarter
Top-10 Concentration
+59.4%
share of reported value
Largest Position
+19.0%
Blackstone Mtg Tr
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: 74.3%PUBLIC: 15.3%US DOMESTIC: 3.7%Other: 3.4%Common Stock: 1.7%Other: 1.5%
  • REIT · 74.3% · $177M
  • PUBLIC · 15.3% · $37M
  • US DOMESTIC · 3.7% · $9M
  • Other · 3.4% · $8M
  • Common Stock · 1.7% · $4M
  • Other · 1.5% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LADRLadder Cap Corp Cl ANEW+282.3K282.3K+$3M$3M
Two Harbors Inventment CorpNEW+3.29M3.29M+$3M$3M
BHRBraemar Hotels & Resorts IncNEW+62.2K62.2K+$267,000$267,000
HTEURHersha Hospitality Tr Pr BenADDED+321.1K622.6K+$3M$6M
COLDAMERICOLD RLTY TRSOLD OUT−287.9K0−$8M$0
CORENERGY INFRASTRUCTURE TRSOLD OUT−217.4K0−$4M$0
Playa Hotels & Resorts NvTRIMMED−620.7K46.8K−$5M$321,000
RLJRlj Lodging TrTRIMMED−375.3K31.6K−$5M$349,000

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

Holdings — Q2 2022

68 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BXMTBlackstone Mtg Tr Inc Cl Ahistory →COM18.98%$45M1.64M
2SLGSl Green Realty Corphistory →COM12.03%$29M622.5K
3Rpt Realty 7.25 Pfd D ConvCONVPFD5.63%$13M281.6K
4Epr Properties Conv Pfd C 5.75CONVPFD4.34%$10M469.3K
5VTRVentas Inchistory →COM3.95%$9M183.6K
6GLPIGaming & Leisure Properties Inhistory →COM3.92%$9M204.4K
7Rlj Lodging Tr Cum Conv Pfd ACONVPFD3.00%$7M276.4K
8GNLGlobal Net Lease Inc Newhistory →COM2.58%$6M435.4K
9HTEURHersha Hospitality Tr Pr Benhistory →COM2.56%$6M622.6K
10Granite Pt Mtg Tr IncCONV2.43%$6M6.05M
11CCICrown Castle Inc Comhistory →COM2.38%$6M33.8K
12PLYMPlymouth INDL REIT Inchistory →COM2.26%$5M307.2K
13Epr Properties Conv Pfd 9 SrCONVPFD1.94%$5M154.5K
14Kennedy-Wilson Holdings IncCOM1.82%$4M229.8K
15Catchmark Timber Tr Inc Cl ACOM1.66%$4M395.1K
16Healthcare Tr America Inc Cl ACOM1.54%$4M132.0K
17BDNBrandywine Realty Trust Newhistory →COM1.52%$4M376.7K
18BRXBrixmor Property Group Inchistory →COM1.37%$3M161.6K
19Apartment Income Reit CorpCOM1.31%$3M75.2K
20LADRLadder Cap Corp Cl Ahistory →COM1.25%$3M282.3K
21DOCHealthpeak Properties Inchistory →COM1.24%$3M114.3K
22Two Harbors Inventment CorpCONV1.23%$3M3.29M
23PECOPhillips Edison & Co Inc Commohistory →COM1.21%$3M86.6K
24UEUrban Edge Propertieshistory →COM1.15%$3M181.3K
25STAGStag Industrial Inchistory →COM1.11%$3M85.5K
26UMHUmh Properties Inchistory →COM1.10%$3M149.2K
27ALEXAlexander & Baldwin Inchistory →COM1.00%$2M133.1K
28Braemar Hotels & Resorts Inc 5CONVPFD0.90%$2M133.7K
29HIWHighwoods Properties IncCOM0.90%$2M62.5K
30Veris Residential IncCOM0.88%$2M158.0K
31American Campus Communities InCOM0.74%$2M27.4K
32Spirit Realty Cap IncCOM0.73%$2M46.3K
33PDMPiedmont Office Realty Trust ICOM0.65%$2M119.1K
34ALXAlexanders IncCOM0.65%$2M7.0K
35Corenergy Infrastructure Tr InCONV0.63%$2M1.91M
36IVTInventrust Properties Corp NewCOM0.62%$1M57.5K
37RHPRyman Hospitality Properties ICOM0.61%$1M19.3K
38VNOVornado Realty TrustCOM0.56%$1M46.9K
39Howard Hughes CorpCOM0.56%$1M19.7K
40STWDStarwood Property Tr IncCOM0.54%$1M61.8K
41Physicians Realty TrustCOM0.46%$1M62.5K
42IRTIndependence Realty Trust IncCOM0.45%$1M51.7K
43CCSCentury Communities IncCOM0.45%$1M23.8K
44Lxp Industrial Trust Conv PfdCONVPFD0.43%$1M19.8K
45PEBPebblebrook Hotel TrCOM0.43%$1M61.5K
46FORForestar Group IncCOM0.43%$1M74.2K
47Istar IncCOM0.42%$1M74.0K
48CTRECaretrust Reit IncCOM0.23%$553,00030.0K
49CTOCto Realty Growth IncCOM0.21%$500,0008.2K
50Urstadt Biddle Properties IncCOM0.21%$495,00030.6K
51KRCKilroy Realty CorpCOM0.20%$480,0009.2K
52DRHDiamondrock Hospitality CoCOM0.19%$442,00053.9K
53Digitalbridge Group Inc Cl ACOM0.18%$434,00088.9K
54AHRTArmada Hoffler Properties IncCOM0.18%$434,00033.8K
55Outfront Media IncCOM0.18%$422,00024.9K
56CLDTChatham Lodging TrCOM0.17%$417,00039.9K
57KRGKite Realty Group TrCOM0.17%$403,00023.3K
58CIOCity Office Reit IncCOM0.16%$390,00030.1K
59Rpt RealtyCOM0.16%$389,00039.6K
60AKRAcadia Realty TrustCOM0.16%$383,00024.5K
61BXPBoston Properties IncCOM0.16%$383,0004.3K
62RLJRlj Lodging TrCOM0.15%$349,00031.6K
63PSTLPostal Realty Trust Inc Cl ACOM0.14%$338,00022.7K
64Playa Hotels & Resorts NvCOM0.13%$321,00046.8K
65PKPark Hotels & Resorts IncCOM0.12%$293,00021.6K
66EXPEExpedia Group Inc NewCOM0.12%$281,0003.0K
67BHRBraemar Hotels & Resorts IncCOM0.11%$267,00062.2K
68BRTBrt Apartments CorpCOM0.11%$253,00011.8K

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 ↗.