SEC 13F Intelligence

Managers / Q4 2020 · view latest →

HGI Capital Management, LLC

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

Reported Value
$214M
Q4 2020
Positions
58
Filings on Record
28
2019–present window
Filed
Feb 4, 2021
original filing

Summary

Hgi Capital Management, LLC reported $214M in U.S.-listed holdings across 58 positions for Q4 2020.

Its largest position, ELS, represents 7.4% of the portfolio.

Compared with Q3 2020, the fund opened 19 new positions and exited 15.

Portfolio Metrics

Turnover
+28.8%
vs prior filed quarter
Top-10 Concentration
+38.8%
share of reported value
Largest Position
+7.4%
Equity Lifestyle Pptys
New / Exited
19 / 15
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: 69.7%Common Stock: 26.6%Tracking Stk: 1.5%ADR: 1.4%Other: 0.7%
  • REIT · 69.7% · $149M
  • Common Stock · 26.6% · $57M
  • Tracking Stk · 1.5% · $3M
  • ADR · 1.4% · $3M
  • Other · 0.7% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
COLDAMERICOLD RLTY TRNEW+179.7K179.7K+$7M$7M
NNNNATIONAL RETAIL PROPERTIES INEW+113.5K113.5K+$5M$5M
WHWYNDHAM HOTELS & RESORTS INCNEW+75.9K75.9K+$5M$5M
VNOVORNADO RLTY TRNEW+119.0K119.0K+$4M$4M
KIMKIMCO RLTY CORPNEW+286.8K286.8K+$4M$4M
SUISUN CMNTYS INCNEW+26.9K26.9K+$4M$4M
APARTMENT INCOME REIT CORPNEW+100.1K100.1K+$4M$4M
EPRTESSENTIAL PPTYS RLTY TR INCNEW+180.2K180.2K+$4M$4M

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

Holdings — Q4 2020

58 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ELSEQUITY LIFESTYLE PPTYS INChistory →COM7.38%$16M249.0K
2CPTCAMDEN PPTY TRhistory →SH BEN INT4.39%$9M94.0K
3UDRUDR INChistory →COM4.24%$9M236.0K
4DISDISNEY WALT COhistory →COM3.61%$8M42.6K
5JPMJPMORGAN CHASE & COhistory →COM3.57%$8M60.0K
6VTRVENTAS INChistory →COM3.42%$7M149.0K
7HIWHIGHWOODS PPTYS INChistory →COM3.29%$7M177.4K
8COLDAMERICOLD RLTY TRhistory →COM3.14%$7M179.7K
9HRUSDHEALTHCARE RLTY TRhistory →COM2.93%$6M211.7K
10QTS RLTY TR INCCOM CL A2.85%$6M98.6K
11FRFIRST INDL RLTY TR INChistory →COM2.83%$6M143.4K
12MGPMGM GROWTH PPTYS LLChistory →CL A COM2.68%$6M183.3K
13WYWEYERHAEUSER CO MTN BEhistory →COM NEW2.41%$5M153.9K
14ESRTEMPIRE ST RLTY TR INChistory →CL A2.31%$5M529.7K
15AMZNAMAZON COM INChistory →COM2.28%$5M1.5K
16FNFFIDELITY NATIONAL FINANCIALhistory →FNF GROUP COM2.18%$5M119.3K
17NNNNATIONAL RETAIL PROPERTIES Ihistory →COM2.17%$5M113.5K
18WHWYNDHAM HOTELS & RESORTS INChistory →COM2.11%$5M75.9K
19VNOVORNADO RLTY TRhistory →SH BEN INT2.08%$4M119.0K
20DOCHEALTHPEAK PROPERTIES INChistory →COM2.03%$4M143.3K
21KIMKIMCO RLTY CORPhistory →COM2.01%$4M286.8K
22EQREQUITY RESIDENTIALhistory →SH BEN INT2.01%$4M72.4K
23VICIVICI PPTYS INChistory →COM1.93%$4M162.0K
24SL GREEN RLTY CORPCOM1.93%$4M69.1K
25SUISUN CMNTYS INChistory →COM1.91%$4M26.9K
26APARTMENT INCOME REIT CORPCOM1.80%$4M100.1K
27EPRTESSENTIAL PPTYS RLTY TR INChistory →COM1.79%$4M180.2K
28EQUITY COMWLTHCOM SH BEN INT1.73%$4M135.6K
29SPIRIT RLTY CAP INC NEWCOM NEW1.67%$4M89.0K
30PLNTPLANET FITNESS INChistory →CL A1.59%$3M43.7K
31KRCKILROY RLTY CORPhistory →COM1.58%$3M58.8K
32LIBERTY MEDIA CORP DELCOM C BRAVES GRP1.51%$3M129.8K
33HSTHOST HOTELS & RESORTS INChistory →COM1.50%$3M219.5K
34BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.42%$3M13.1K
35LIFE STORAGE INCCOM1.38%$3M24.7K
36INVHINVITATION HOMES INChistory →COM1.16%$2M83.5K
37METAFACEBOOK INChistory →CL A1.15%$2M9.0K
38CALYCALLAWAY GOLF COhistory →COM1.00%$2M89.3K
39GLOBAL MED REIT INCCOM NEW0.96%$2M156.6K
40SPLUNK INCCOM0.89%$2M11.1K
41NMRKNEWMARK GROUP INCCL A0.85%$2M248.9K
42GSGOLDMAN SACHS GROUP INCCOM0.82%$2M6.7K
43WPCWP CAREY INCCOM0.70%$2M21.4K
44MAAMID-AMER APT CMNTYS INCCOM0.61%$1M10.2K
45ZMZOOM VIDEO COMMUNICATIONS INCL A0.61%$1M3.8K
46IAC INTERACTIVECORP NEWCOM0.57%$1M6.5K
47MTNVAIL RESORTS INCCOM0.48%$1M3.7K
48THOTHOR INDS INCCOM0.43%$922,0009.9K
49VROOM INCCOM0.38%$814,00019.9K
50PYPLPAYPAL HLDGS INCCOM0.38%$808,0003.5K
51HIBBETT SPORTS INCCOM0.37%$799,00017.3K
52HDHOME DEPOT INCCOM0.27%$571,0002.1K
53LABORATORY CORP AMER HLDGSCOM NEW0.15%$315,0001.5K
54EVERI HLDGS INCCOM0.14%$297,00021.5K
55CRMDCORMEDIX INCCOM0.12%$252,00033.9K
56ZGZILLOW GROUP INCCL A0.11%$241,0001.8K
57UBERUBER TECHNOLOGIES INCCOM0.11%$228,0004.5K
58GEOGEO GROUP INC NEWCOM0.08%$162,00018.2K

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 ↗

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 ↗.