SEC 13F Intelligence

Managers / Q1 2025 · view latest →

LDR Capital Management LLC

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

Reported Value
$83M
Q1 2025
Positions
29
Filings on Record
29
2019–present window
Filed
Apr 21, 2025
original filing

Summary

Ldr Capital Management LLC reported $83M in U.S.-listed holdings across 29 positions for Q1 2025.

Its largest position, Epr Pptys, represents 14.8% of the portfolio.

Compared with Q4 2024, the fund opened 6 new positions and exited 9.

Portfolio Metrics

Turnover
+21.4%
vs prior filed quarter
Top-10 Concentration
+61.9%
share of reported value
Largest Position
+14.8%
Epr Pptys
New / Exited
6 / 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: 51.3%PUBLIC: 36.9%Other: 5.7%Common Stock: 4.0%PRIVATE: 2.1%
  • REIT · 51.3% · $43M
  • PUBLIC · 36.9% · $31M
  • Other · 5.7% · $5M
  • Common Stock · 4.0% · $3M
  • PRIVATE · 2.1% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
REXRREXFORD INDL RLTY INCNEW+116.4K116.4K+$5M$5M
PEBBLEBROOK HOTEL TRNEW+195.9K195.9K+$3M$3M
PEBBLEBROOK HOTEL TRNEW+190.4K190.4K+$3M$3M
ELSEQUITY LIFESTYLE PPTYS INCNEW+45.8K45.8K+$3M$3M
RITHM PPTY TR INCNEW+102.1K102.1K+$3M$3M
SBRASABRA HEALTH CARE REIT INCNEW+28.6K28.6K+$500,079$500,079
HRHEALTHCARE RLTY TRSOLD OUT−141.8K0−$2M$0
UEURBAN EDGE PPTYSSOLD OUT−110.0K0−$2M$0

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

Holdings — Q1 2025

27 positions (from 29 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EPR PPTYSCONV PFD 9% SR E · PFD C CV 5.75%14.78%$12M446.6K
2RLJ LODGING TRCUM CONV PFD A9.14%$8M310.2K
3PEBBLEBROOK HOTEL TR6.375 PFD SER E · 6.3 CUM PFD SR F8.08%$7M386.3K
4AMTAMERICAN TOWER CORP NEWhistory →COM5.66%$5M21.5K
5REXRREXFORD INDL RLTY INChistory →COM5.50%$5M116.4K
6EQIXEQUINIX INChistory →COM4.77%$4M4.8K
7VICIVICI PPTYS INChistory →COM4.07%$3M103.4K
8ELSEQUITY LIFESTYLE PPTYS INChistory →COM3.69%$3M45.8K
9CHCTCOMMUNITY HEALTHCARE TR INChistory →COM3.11%$3M142.0K
10RITHM PPTY TR INC9.875 FXD-FLT C3.11%$3M102.1K
11VERIS RESIDENTIAL INCCOM3.09%$3M151.6K
12UMHUMH PPTYS INChistory →COM3.08%$3M136.5K
13DOCHEALTHPEAK PROPERTIES INChistory →COM3.03%$3M124.2K
14STWDSTARWOOD PPTY TR INChistory →COM3.03%$3M127.0K
15BRXBRIXMOR PPTY GROUP INChistory →COM2.99%$2M93.4K
16KRGKITE RLTY GROUP TRhistory →COM NEW2.98%$2M110.4K
17ALEXALEXANDER & BALDWIN INC NEWhistory →COM2.88%$2M138.5K
18HHHHOWARD HUGHES HOLDINGS INChistory →COM2.80%$2M31.3K
19KENNEDY-WILSON HOLDINGS INCCOM2.56%$2M244.1K
20BRAEMAR HOTELS & RESORTS INC5.5 CUM CV PFD B2.11%$2M134.2K
21LXP INDUSTRIAL TRUSTPFD CONV SER C1.84%$2M33.5K
22ELMEELME COMMUNITIEShistory →SH BEN INT1.65%$1M78.7K
23CTOCTO RLTY GROWTH INC NEWhistory →COM1.52%$1M65.1K
24AREALEXANDRIA REAL ESTATE EQ INhistory →COM1.44%$1M12.9K
25DLRDIGITAL RLTY TR INChistory →COM1.30%$1M7.5K
26VRTVERTIV HOLDINGS COhistory →COM CL A1.18%$975,42213.5K
27SBRASABRA HEALTH CARE REIT INCCOM0.60%$500,07928.6K

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 ↗.