SEC 13F Intelligence

Managers / Q3 2019 · view latest →

HGI Capital Management, LLC

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

Reported Value
$182M
Q3 2019
Positions
60
Filings on Record
28
2019–present window
Filed
Nov 5, 2019
original filing

Summary

Hgi Capital Management, LLC reported $182M in U.S.-listed holdings across 60 positions for Q3 2019.

Its largest position, EQR, represents 5.2% of the portfolio.

Compared with Q2 2019, the fund opened 11 new positions and exited 17.

Portfolio Metrics

Turnover
+29.8%
vs prior filed quarter
Top-10 Concentration
+37.5%
share of reported value
Largest Position
+5.2%
Equity Residential
New / Exited
11 / 17
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: 48.9%Common Stock: 30.6%ETP: 13.7%Other: 5.6%ADR: 1.0%Other: 0.3%
  • REIT · 48.9% · $89M
  • Common Stock · 30.6% · $56M
  • ETP · 13.7% · $25M
  • Other · 5.6% · $10M
  • ADR · 1.0% · $2M
  • Other · 0.3% · $460,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EQREQUITY RESIDENTIALNEW+109.3K109.3K+$9M$9M
RCLROYAL CARIBBEAN CRUISES LTDNEW+57.0K57.0K+$6M$6M
LIFE STORAGE INCNEW+40.1K40.1K+$4M$4M
APARTMENT INVT & MGMT CONEW+80.9K80.9K+$4M$4M
EPRTESSENTIAL PPTYS RLTY TR INCNEW+169.6K169.6K+$4M$4M
MAAMID AMER APT CMNTYS INCNEW+25.0K25.0K+$3M$3M
MPTMEDICAL PPTYS TRUST INCNEW+144.4K144.4K+$3M$3M
JLLJONES LANG LASALLE INCNEW+16.9K16.9K+$2M$2M

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

Holdings — Q3 2019

57 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EQREQUITY RESIDENTIALhistory →SH BEN INT5.18%$9M109.3K
2VICIVICI PPTYS INChistory →COM5.02%$9M403.5K
3KRCKILROY RLTY CORPhistory →COM4.10%$7M95.7K
4WRIWEINGARTEN RLTY INVShistory →SH BEN INT3.77%$7M235.3K
5WHWYNDHAM HOTELS & RESORTS INChistory →COM3.76%$7M132.2K
6LIBERTY PPTY TRSH BEN INT3.43%$6M121.4K
7RCLROYAL CARIBBEAN CRUISES LTDhistory →COM3.39%$6M57.0K
8BKOBLUEROCK RESIDENTIAL GRW REIhistory →COM CL A3.18%$6M491.4K
9DUKE REALTY CORPCOM NEW2.99%$5M160.1K
10JPMJPMORGAN CHASE & COhistory →COM2.71%$5M41.9K
11IIPRINNOVATIVE INDL PPTYS INChistory →COM2.50%$5M49.3K
12LIFE STORAGE INCCOM2.32%$4M40.1K
13APARTMENT INVT & MGMT COCL A2.32%$4M80.9K
14PSAPUBLIC STORAGEhistory →COM2.26%$4M16.8K
15MACK CALI RLTY CORPCOM2.20%$4M184.6K
16HCP INCCOM2.14%$4M109.3K
17EPRTESSENTIAL PPTYS RLTY TR INChistory →COM2.14%$4M169.6K
18SPIRIT RLTY CAP INC NEWCOM NEW2.11%$4M80.1K
19BACBANK AMER CORPhistory →COM1.91%$3M119.1K
20ORNPFRETAIL PPTYS AMER INChistory →CL A1.91%$3M281.8K
21MAAMID AMER APT CMNTYS INChistory →COM1.79%$3M25.0K
22QTS RLTY TR INCCOM CL A1.78%$3M63.0K
23AMHAMERICAN HOMES 4 RENThistory →CL A1.55%$3M109.3K
24MPTMEDICAL PPTYS TRUST INChistory →COM1.55%$3M144.4K
25STAGSTAG INDL INChistory →COM1.42%$3M87.6K
26RLJRLJ LODGING TRhistory →COM1.33%$2M142.6K
27AHRTARMADA HOFFLER PPTYS INChistory →COM1.31%$2M131.4K
28JLLJONES LANG LASALLE INChistory →COM1.29%$2M16.9K
29AMZNAMAZON COM INChistory →COM1.24%$2M1.3K
30FRONT YD RESIDENTIAL CORPCOM1.16%$2M182.7K
31HUDSON PAC PPTYS INCCOM1.14%$2M61.7K
32DISDISNEY WALT COhistory →COM DISNEY1.04%$2M14.5K
33BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.02%$2M11.1K
34MGPMGM GROWTH PPTYS LLCCL A COM0.97%$2M58.4K
35SPLUNK INCCOM0.89%$2M13.8K
36SBUXSTARBUCKS CORPCOM0.86%$2M17.6K
37METAFACEBOOK INCCL A0.80%$1M8.2K
38HDHOME DEPOT INCCOM0.62%$1M4.9K
39GSGOLDMAN SACHS GROUP INCCOM0.52%$943,0004.5K
40AMERICAN CAMPUS CMNTYS INCCOM0.47%$854,00017.8K
41BXBLACKSTONE GROUP INCCOM CL A0.44%$801,00016.4K
42SGITEMPUR SEALY INTL INCCOM0.38%$695,0009.0K
43MRKMERCK & CO INCCOM0.37%$673,0008.0K
44MTNVAIL RESORTS INCCOM0.36%$660,0002.9K
45LENLENNAR CORPCL A0.32%$586,00010.5K
46CBCHUBB LIMITEDCOM0.31%$565,0003.5K
47DOWDOW INCCOM0.25%$448,0009.4K
48NYTNEW YORK TIMES COCL A0.21%$384,00013.5K
49PFEPFIZER INCCOM0.20%$359,00010.0K
50PYPLPAYPAL HLDGS INCCOM0.20%$357,0003.5K
51ZGZILLOW GROUP INCCL A0.20%$355,00012.0K
52VVISA INCCOM CL A0.18%$328,0001.9K
53LIBERTY MEDIA CORP DELAWARECOM C BRAVES GRP0.17%$314,00011.3K
54BABOEING COCOM0.16%$285,000750
55CCLCARNIVAL CORPUNIT 99/99/99990.15%$271,0006.2K
56CANOPY GROWTH CORPCOM0.15%$268,00011.7K
57EXTENDED STAY AMER INCUNIT 99/99/9999B0.08%$146,00010.0K

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 ↗.