SEC 13F Intelligence

Managers / Q2 2019 · view latest →

HGI Capital Management, LLC

CIK 0001595907 · 51 WEST 52ND STREET, 19TH FLOOR, NEW YORK, NY, 10019 · 212-644-0515

Reported Value
$220M
Q2 2019
Positions
67
Filings on Record
28
2019–present window
Filed
Jul 26, 2019
original filing

Summary

Hgi Capital Management, LLC reported $220M in U.S.-listed holdings across 67 positions for Q2 2019.

Its largest position, American Campus Cmntys, represents 4.3% of the portfolio.

Compared with Q1 2019, the fund opened 21 new positions and exited 12.

Portfolio Metrics

Turnover
+22.8%
vs prior filed quarter
Top-10 Concentration
+31.5%
share of reported value
Largest Position
+4.3%
American Campus Cmntys
New / Exited
21 / 12
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: $190MQ1 ’19Q2 ’19: $220MQ3 ’19: $182MQ4 ’19: $207MQ1 ’20: $106MQ1 ’20Q2 ’20: $162MQ3 ’20: $170MQ4 ’20: $214MQ1 ’21: $235MQ1 ’21Q2 ’21: $287MQ3 ’21: $248MQ4 ’21: $279MQ1 ’22: $324MQ1 ’22Q2 ’22: $239MQ3 ’22: $314MQ4 ’22: $350MQ1 ’23: $151MQ1 ’23Q2 ’23: $208MQ3 ’23: $88MQ4 ’23: $88MQ1 ’24: $93MQ1 ’24Q2 ’24: $107MQ3 ’24: $115MQ4 ’24: $97MQ1 ’25: $80MQ1 ’25Q2 ’25: $74MQ3 ’25: $36Mfilingsflow.com

Portfolio Composition

By security type
REIT: 53.9%Common Stock: 24.0%ETP: 15.7%Other: 5.3%ADR: 0.9%Tracking Stk: 0.1%
  • REIT · 53.9% · $119M
  • Common Stock · 24.0% · $53M
  • ETP · 15.7% · $35M
  • Other · 5.3% · $12M
  • ADR · 0.9% · $2M
  • Tracking Stk · 0.1% · $316,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CUBECUBESMARTNEW+126.7K126.7K+$4M$4M
VTRVENTAS INCNEW+58.4K58.4K+$4M$4M
EPREPR PPTYSNEW+48.7K48.7K+$4M$4M
SPIRIT RLTY CAP INC NEWNEW+81.5K81.5K+$3M$3M
TWO HBRS INVT CORPNEW+240.5K240.5K+$3M$3M
PEBPEBBLEBROOK HOTEL TRNEW+96.7K96.7K+$3M$3M
VICIVICI PPTYS INCNEW+118.3K118.3K+$3M$3M
QTS RLTY TR INCNEW+43.4K43.4K+$2M$2M

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

Holdings — Q2 2019

62 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMERICAN CAMPUS CMNTYS INCCOM4.35%$10M207.4K
2CPTCAMDEN PPTY TRhistory →SH BEN INT4.19%$9M88.3K
3NCLHNORWEGIAN CRUISE LINE HLDG Lhistory →SHS3.36%$7M137.9K
4WHWYNDHAM HOTELS & RESORTS INChistory →COM3.09%$7M122.1K
5DUKE REALTY CORPCOM NEW2.99%$7M208.0K
6KRCKILROY RLTY CORPhistory →COM2.85%$6M85.0K
7INVHINVITATION HOMES INChistory →COM2.75%$6M226.7K
8IIPRINNOVATIVE INDL PPTYS INChistory →COM2.64%$6M47.0K
9BACBANK AMER CORPhistory →COM2.63%$6M200.0K
10PSAPUBLIC STORAGEhistory →COM2.62%$6M24.2K
11JPMJPMORGAN CHASE & COhistory →COM2.59%$6M51.0K
12BKOBLUEROCK RESIDENTIAL GRW REIhistory →COM CL A2.44%$5M456.6K
13AMHAMERICAN HOMES 4 RENThistory →CL A2.40%$5M217.1K
14AVBAVALONBAY CMNTYS INChistory →COM2.27%$5M24.6K
15WPCW P CAREY INChistory →COM2.03%$4M55.0K
16LIBERTY PPTY TRSH BEN INT1.94%$4M85.4K
17CUBECUBESMARThistory →COM1.92%$4M126.7K
18HUDSON PAC PPTYS INCCOM1.88%$4M124.7K
19WRIWEINGARTEN RLTY INVShistory →SH BEN INT1.88%$4M150.6K
20VTRVENTAS INChistory →COM1.81%$4M58.4K
21MACK CALI RLTY CORPCOM1.80%$4M170.0K
22EPREPR PPTYShistory →COM SH BEN INT1.65%$4M48.7K
23RLJRLJ LODGING TRhistory →COM1.58%$3M196.5K
24SPIRIT RLTY CAP INC NEWCOM NEW1.58%$3M81.5K
25GSGOLDMAN SACHS GROUP INChistory →COM1.56%$3M16.8K
26TWO HBRS INVT CORPCOM NEW1.38%$3M240.5K
27AHRTARMADA HOFFLER PPTYS INChistory →COM1.26%$3M168.2K
28PEBPEBBLEBROOK HOTEL TRhistory →COM1.24%$3M96.7K
29VICIVICI PPTYS INChistory →COM1.18%$3M118.3K
30AMZNAMAZON COM INChistory →COM1.12%$2M1.3K
31EQIXEQUINIX INChistory →COM1.00%$2M4.4K
32DISDISNEY WALT COCOM DISNEY0.92%$2M14.5K
33QTS RLTY TR INCCOM CL A0.91%$2M43.4K
34BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.85%$2M11.1K
35STAGSTAG INDL INCCOM0.82%$2M59.6K
36HCP INCCOM0.79%$2M54.3K
37MGPMGM GROWTH PPTYS LLCCL A COM0.73%$2M52.7K
38FRONT YD RESIDENTIAL CORPCOM0.73%$2M132.1K
39SPLUNK INCCOM0.73%$2M12.8K
40SHOSUNSTONE HOTEL INVS INC NEWCOM0.73%$2M117.3K
41SBUXSTARBUCKS CORPCOM0.67%$1M17.6K
42METAFACEBOOK INCCL A0.65%$1M7.5K
43SPIRIT MTA REITCOM SHS BEN IN0.65%$1M171.4K
44ORNPFRETAIL PPTYS AMER INCCL A0.57%$1M106.6K
45SENIOR HSG PPTYS TRSH BEN INT0.49%$1M131.4K
46HDHOME DEPOT INCCOM0.46%$1M4.9K
47ZGZILLOW GROUP INCCL A0.35%$778,00017.0K
48BXUSDBLACKSTONE GROUP L PCOM UNIT LTD0.33%$728,00016.4K
49MRKMERCK & CO INCCOM0.30%$671,0008.0K
50TCOTAUBMAN CTRS INCCOM0.30%$663,00016.2K
51SGITEMPUR SEALY INTL INCCOM0.30%$660,0009.0K
52MTNVAIL RESORTS INCCOM0.29%$647,0002.9K
53DOWDOW INCCOM0.26%$562,00011.4K
54CBCHUBB LIMITEDCOM0.23%$516,0003.5K
55CANOPY GROWTH CORPCOM0.21%$472,00011.7K
56PFEPFIZER INCCOM0.20%$433,00010.0K
57PYPLPAYPAL HLDGS INCCOM0.18%$395,0003.5K
58LENLENNAR CORPCL A0.18%$388,0008.0K
59NYTNEW YORK TIMES COCL A0.16%$343,00010.5K
60VVISA INCCOM CL A0.15%$330,0001.9K
61LIBERTY MEDIA CORP DELAWARECOM C BRAVES GRP0.14%$316,00011.3K
62BABOEING COCOM0.12%$273,000750

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2025$36M21Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$74M23Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$80M22May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$97M18Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$115M17Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$107M19Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$93M43May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$88M40Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$88M41Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$208M38Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$151M27May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$350M31Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$314M35Feb 22, 2023RESTATEMENTchanges · EDGAR ↗
Q2 2022$239M33Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$324M66May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$279M70Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$248M64Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$287M72Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$235M59May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$214M58Feb 4, 202113F-HRchanges · EDGAR ↗
Q3 2020$170M54Oct 29, 202013F-HRchanges · EDGAR ↗
Q2 2020$162M52Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$106M51May 7, 202013F-HRchanges · EDGAR ↗
Q4 2019$207M63Feb 5, 202013F-HRchanges · EDGAR ↗
Q3 2019$182M60Nov 5, 201913F-HRchanges · EDGAR ↗
Q2 2019$220M67Jul 26, 201913F-HRchanges · EDGAR ↗
Q1 2019$190M58May 10, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • PRELUDE CAPITAL MANAGEMENT, LLC028-12257

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 ↗.