SEC 13F Intelligence

Managers / Q4 2019 · view latest →

HGI Capital Management, LLC

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

Reported Value
$207M
Q4 2019
Positions
63
Filings on Record
28
2019–present window
Filed
Feb 5, 2020
original filing

Summary

Hgi Capital Management, LLC reported $207M in U.S.-listed holdings across 63 positions for Q4 2019.

Its largest position, Apartment Invt Mgmt, represents 4.4% of the portfolio.

Compared with Q3 2019, the fund opened 15 new positions and exited 12.

Portfolio Metrics

Turnover
+31.1%
vs prior filed quarter
Top-10 Concentration
+35.2%
share of reported value
Largest Position
+4.4%
Apartment Invt Mgmt
New / Exited
15 / 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: 45.5%Common Stock: 33.5%ETP: 15.3%Other: 4.2%ADR: 1.3%Other: 0.2%
  • REIT · 45.5% · $94M
  • Common Stock · 33.5% · $69M
  • ETP · 15.3% · $32M
  • Other · 4.2% · $9M
  • ADR · 1.3% · $3M
  • Other · 0.2% · $483,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
COLUMBIA PPTY TR INCNEW+362.1K362.1K+$8M$8M
FNFFIDELITY NATIONAL FINANCIALNEW+147.4K147.4K+$7M$7M
SITCSITE CENTERS CORPNEW+396.3K396.3K+$6M$6M
CYRUSONE INCNEW+75.4K75.4K+$5M$5M
REXRREXFORD INDL RLTY INCNEW+81.3K81.3K+$4M$4M
MARMARRIOTT INTL INC NEWNEW+24.4K24.4K+$4M$4M
RETAIL OPPORTUNITY INVTS CORNEW+168.7K168.7K+$3M$3M
NHINATIONAL HEALTH INVS INCNEW+32.3K32.3K+$3M$3M

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

Holdings — Q4 2019

59 positions (from 60 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1APARTMENT INVT & MGMT COCL A4.43%$9M177.4K
2WHWYNDHAM HOTELS & RESORTS INChistory →COM4.04%$8M133.0K
3ORNPFRETAIL PPTYS AMER INChistory →CL A3.90%$8M600.8K
4VICIVICI PPTYS INChistory →COM3.68%$8M297.4K
5COLUMBIA PPTY TR INCCOM NEW3.66%$8M362.1K
6DUKE REALTY CORPCOM NEW3.48%$7M207.4K
7FNFFIDELITY NATIONAL FINANCIALhistory →FNF GROUP COM3.23%$7M147.4K
8HUDSON PAC PPTYS INCCOM3.07%$6M168.3K
9EQREQUITY RESIDENTIALhistory →SH BEN INT3.06%$6M78.1K
10SITCSITE CENTERS CORPhistory →COM2.69%$6M396.3K
11QTS RLTY TR INCCOM CL A2.60%$5M99.1K
12HDHOME DEPOT INChistory →COM2.44%$5M23.1K
13CYRUSONE INCCOM2.39%$5M75.4K
14JPMJPMORGAN CHASE & COhistory →COM2.37%$5M35.1K
15MGPMGM GROWTH PPTYS LLChistory →CL A COM2.33%$5M155.4K
16BKOBLUEROCK RESIDENTIAL GRW REIhistory →COM CL A2.16%$4M371.1K
17LIFE STORAGE INCCOM2.06%$4M39.4K
18BACBANK AMER CORPhistory →COM2.03%$4M119.1K
19REXRREXFORD INDL RLTY INChistory →COM1.80%$4M81.3K
20MARMARRIOTT INTL INC NEWhistory →CL A1.79%$4M24.4K
21JLLJONES LANG LASALLE INChistory →COM1.67%$3M19.8K
22STAGSTAG INDL INChistory →COM1.66%$3M108.9K
23AMHAMERICAN HOMES 4 RENThistory →CL A1.60%$3M126.4K
24SPIRIT RLTY CAP INC NEWCOM NEW1.52%$3M63.9K
25RETAIL OPPORTUNITY INVTS CORCOM1.44%$3M168.7K
26NHINATIONAL HEALTH INVS INChistory →COM1.28%$3M32.3K
27AMZNAMAZON COM INChistory →COM1.23%$3M1.4K
28VNOVORNADO RLTY TRhistory →SH BEN INT1.21%$3M37.6K
29AHRTARMADA HOFFLER PPTYS INChistory →COM1.17%$2M131.4K
30BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.14%$2M11.1K
31MACK CALI RLTY CORPCOM1.03%$2M92.5K
32NNNNATIONAL RETAIL PPTYS INChistory →COM1.03%$2M39.8K
33DISDISNEY WALT COhistory →COM DISNEY1.01%$2M14.5K
34GLOBAL MED REIT INCCOM NEW1.00%$2M157.0K
35SPLUNK INCCOM1.00%$2M13.8K
36RCLROYAL CARIBBEAN CRUISES LTDCOM0.90%$2M13.9K
37MAAMID AMER APT CMNTYS INCCOM0.84%$2M13.2K
38METAFACEBOOK INCCL A0.81%$2M8.2K
39SBUXSTARBUCKS CORPCOM0.75%$2M17.6K
40GSGOLDMAN SACHS GROUP INCCOM0.51%$1M4.5K
41BXBLACKSTONE GROUP INCCOM CL A0.44%$917,00016.4K
42MTNVAIL RESORTS INCCOM0.43%$899,0003.8K
43SHOSUNSTONE HOTEL INVS INC NEWCOM0.41%$855,00061.4K
44ZGZILLOW GROUP INCCL A · CL C CAP STK0.40%$825,00018.0K
45SGITEMPUR SEALY INTL INCCOM0.38%$784,0009.0K
46MRKMERCK & CO INCCOM0.35%$728,0008.0K
47CBCHUBB LIMITEDCOM0.26%$545,0003.5K
48DOWDOW INCCOM0.25%$514,0009.4K
49NYTNEW YORK TIMES COCL A0.21%$434,00013.5K
50PFEPFIZER INCCOM0.19%$392,00010.0K
51PYPLPAYPAL HLDGS INCCOM0.18%$373,0003.5K
52VVISA INCCOM CL A0.17%$358,0001.9K
53LIBERTY MEDIA CORP DELAWARECOM C BRAVES GRP0.16%$334,00011.3K
54MATCH GROUP INCCOM0.16%$328,0004.0K
55EVERI HLDGS INCCOM0.13%$269,00020.0K
56CANOPY GROWTH CORPCOM0.12%$247,00011.7K
57BABOEING COCOM0.12%$244,000750
58CCLCARNIVAL CORPUNIT 99/99/99990.10%$203,0004.0K
59EXTENDED STAY AMER INCUNIT 99/99/9999B0.07%$149,00010.0K

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 ↗.