SEC 13F Intelligence

Managers / Q3 2025 · view latest →

LDR Capital Management LLC

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

Reported Value
$68M
Q3 2025
Positions
34
Filings on Record
29
2019–present window
Filed
Oct 29, 2025
original filing

Summary

Ldr Capital Management LLC reported $68M in U.S.-listed holdings across 34 positions for Q3 2025.

Its largest position, Epr Pptys, represents 14.3% of the portfolio.

Compared with Q2 2025, the fund opened 11 new positions and exited 6.

Portfolio Metrics

Turnover
+14.7%
vs prior filed quarter
Top-10 Concentration
+69.1%
share of reported value
Largest Position
+14.3%
Epr Pptys
New / Exited
11 / 6
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: 47.4%PUBLIC: 42.9%Common Stock: 6.5%PRIVATE: 3.2%
  • REIT · 47.4% · $32M
  • PUBLIC · 42.9% · $29M
  • Common Stock · 6.5% · $4M
  • PRIVATE · 3.2% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CZRCAESARS ENTERTAINMENT INC NENEW+43.4K43.4K+$1M$1M
IRMIRON MTN INC DELNEW+11.1K11.1K+$1M$1M
FTAIFTAI AVIATION LTDNEW+6.6K6.6K+$1M$1M
ARRARMOUR RESIDENTIAL REIT INCNEW+59.4K59.4K+$887,541$887,541
PLDPROLOGIS INC.NEW+7.3K7.3K+$833,133$833,133
SPGSIMON PPTY GROUP INC NEWNEW+4.4K4.4K+$829,314$829,314
OREALTY INCOME CORPNEW+13.5K13.5K+$818,233$818,233
ESSESSEX PPTY TR INCNEW+2.7K2.7K+$709,567$709,567

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

Holdings — Q3 2025

32 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EPR PPTYSCONV PFD 9% SR E · PFD C CV 5.75%14.32%$10M316.0K
2RLJ LODGING TRCUM CONV PFD A11.14%$8M300.7K
3PEBBLEBROOK HOTEL TR6.375 PFD SER E · 6.3 CUM PFD SR F10.84%$7M365.3K
4VICIVICI PPTYS INChistory →COM7.55%$5M157.7K
5EQIXEQUINIX INChistory →COM5.69%$4M4.9K
6AMTAMERICAN TOWER CORP NEWhistory →COM5.47%$4M19.4K
7ELSEQUITY LIFESTYLE PPTYS INChistory →COM4.08%$3M45.8K
8RITHM PPTY TR INC9.875 FXD-FLT C3.82%$3M103.0K
9BRAEMAR HOTELS & RESORTS INC5.5 CUM CV PFD B3.20%$2M134.2K
10DHCDIVERSIFIED HEALTHCARE TRhistory →COM SH BEN INT3.03%$2M468.2K
11LXP INDUSTRIAL TRUSTPFD CONV SER C2.78%$2M39.5K
12BRXBRIXMOR PPTY GROUP INChistory →COM2.51%$2M61.8K
13CHCTCOMMUNITY HEALTHCARE TR INChistory →COM2.36%$2M104.9K
14UMHUMH PPTYS INChistory →COM2.20%$1M100.7K
15VRTVERTIV HOLDINGS COhistory →COM CL A2.08%$1M9.4K
16CZRCAESARS ENTERTAINMENT INC NEhistory →COM1.72%$1M43.4K
17CTOCTO RLTY GROWTH INC NEWhistory →COM1.67%$1M69.8K
18IRMIRON MTN INC DELhistory →COM1.66%$1M11.1K
19FTAIFTAI AVIATION LTDhistory →SHS1.62%$1M6.6K
20CCICROWN CASTLE INChistory →COM1.60%$1M11.3K
21ARRARMOUR RESIDENTIAL REIT INChistory →COM SHS1.30%$887,54159.4K
22PLDPROLOGIS INC.history →COM1.22%$833,1337.3K
23SPGSIMON PPTY GROUP INC NEWhistory →COM1.22%$829,3144.4K
24OREALTY INCOME CORPhistory →COM1.20%$818,23313.5K
25ESSESSEX PPTY TR INChistory →COM1.04%$709,5672.7K
26FIPFTAI INFRASTRUCTURE INCCOMMON STOCK0.95%$646,222148.2K
27KRGKITE RLTY GROUP TRCOM NEW0.75%$513,94823.0K
28XRNGLOBAL MED REIT INCCOM NEW0.73%$500,45214.8K
29STWDSTARWOOD PPTY TR INCCOM0.73%$497,17025.7K
30DLRDIGITAL RLTY TR INCCOM0.70%$478,5322.8K
31DOCHEALTHPEAK PROPERTIES INCCOM0.70%$478,50125.0K
32CDZICADIZ INCCOM NEW0.10%$71,33315.1K

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 ↗.