SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Capital Square, LLC

CIK 0001798736 · 1 WEST COLLEGE ST, SUITE 4, ATHENS, TN, 37303 · 4238776708

Reported Value
$89M
Q4 2023
Positions
111
Filings on Record
27
2019–present window
Filed
Jan 26, 2024
original filing

Summary

Capital Square, LLC reported $89M in U.S.-listed holdings across 111 positions for Q4 2023.

Its largest position, AMT, represents 4.1% of the portfolio.

Compared with Q3 2023, the fund opened 14 new positions and exited 2.

Portfolio Metrics

Turnover
+2.3%
vs prior filed quarter
Top-10 Concentration
+31.7%
share of reported value
Largest Position
+4.1%
American Tower Corporation New Reit
New / Exited
14 / 2
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. 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
Q4 ’19: $105MQ4 ’19Q1 ’20: $86MQ2 ’20: $94MQ3 ’20: $97MQ4 ’20: $119MQ4 ’20Q1 ’21: $134MQ2 ’21: $136MQ3 ’21: $141MQ4 ’21: $145MQ4 ’21Q1 ’22: $140MQ2 ’22: $121MQ3 ’22: $110MQ4 ’22: $111MQ4 ’22Q1 ’23: $108MQ2 ’23: $108MQ3 ’23: $74MQ4 ’23: $89MQ4 ’23Q1 ’24: $142MQ2 ’24: $154MQ3 ’24: $165MQ4 ’24: $176MQ4 ’24Q1 ’25: $170MQ2 ’25: $188MQ3 ’25: $196MQ4 ’25: $196MQ4 ’25Q1 ’26: $217Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 53.6%REIT: 44.7%ADR: 1.6%Other: 0.0%
  • Common Stock · 53.6% · $47M
  • REIT · 44.7% · $40M
  • ADR · 1.6% · $1M
  • Other · 0.0% · $39,499

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ADDYYADIDAS AG ADRNEW+13.8K13.8K+$1M$1M
BACBANK AMERICA CORPORATIONNEW+21.7K21.7K+$731,750$731,750
DWDMORGAN STANLEY COM NEWNEW+5.8K5.8K+$537,026$537,026
INVHINVITATION HOMES INCORPORATED REITNEW+14.5K14.5K+$494,351$494,351
AWNADVANCE AUTO PARTS INCORPORATEDNEW+6.9K6.9K+$420,191$420,191
AMHAMERICAN HOMES 4 RENT CLASS A REITNEW+8.3K8.3K+$299,006$299,006
SPGSIMON PROPERTY GROUP INCORPORATED NEW REITNEW+1.8K1.8K+$263,439$263,439
ROLROLLINS INCORPORATEDNEW+5.6K5.6K+$245,076$245,076

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

Holdings — Q4 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMTAMERICAN TOWER CORPORATION NEW REIThistory →COM4.08%$4M16.7K
2AMZNAMAZON COM INCORPORATEDhistory →COM3.69%$3M21.5K
3AAPLAPPLE INCORPORATEDhistory →COM3.26%$3M15.0K
4LLYELI LILLY & COMPANYhistory →COM3.16%$3M4.8K
5HDHOME DEPOT INCORPORATEDhistory →COM3.15%$3M8.1K
6OREALTY INCOME CORPORATION REIThistory →COM3.14%$3M48.3K
7WPCWP CAREY INCORPORATED REIThistory →COM3.11%$3M42.4K
8RITMRITHM CAPITAL CORPORATION COM NEW REIThistory →COM2.82%$2M233.3K
9MOALTRIA GROUP INCORPORATEDhistory →COM2.80%$2M61.5K
10CTRECARETRUST REIT INCORPORATED REIThistory →COM2.52%$2M99.8K
11FQIDIGITAL RLTY TR INCORPORATED REIThistory →COM2.39%$2M15.7K
12SUN CMNTYS INCORPORATED REITCOM2.29%$2M15.2K
138CWCROWN CASTLE INCORPORATED REIThistory →COM2.24%$2M17.2K
14FT2FIRST HORIZON CORPORATIONhistory →COM2.11%$2M131.8K
15ELSEQUITY LIFESTYLE PPTYS INCORPORATED REIThistory →COM2.10%$2M26.3K
16PLDPROLOGIS INCORPORATED. REIThistory →COM1.96%$2M13.0K
17EXMOCEXXON MOBIL CORPORATIONhistory →COM1.95%$2M17.3K
18POTLATCHDELTIC CORPORATION REITCOM1.95%$2M35.1K
19SOSOUTHERN COMPANYhistory →COM1.94%$2M24.5K
20NNNNNN REIT INCORPORATED REIThistory →COM1.68%$1M34.4K
21PGPROCTER AND GAMBLE COMPANYhistory →COM1.61%$1M9.7K
22ADDYYADIDAS AG ADRhistory →COM1.59%$1M13.8K
23JPMJPMORGAN CHASE & COMPANYhistory →COM1.57%$1M8.2K
24LOWLOWES COMPANIES INCORPORATEDhistory →COM1.51%$1M6.0K
25COLDEURAMERICOLD REALTY TRUST INCORPORATED REIThistory →COM1.46%$1M42.6K
26NSCNORFOLK SOUTHN CORPORATIONhistory →COM1.41%$1M5.3K
27EXREXTRA SPACE STORAGE INCORPORATED REIThistory →COM1.32%$1M7.3K
28CPTCAMDEN PROPERTY TR SH BEN INT REIThistory →COM1.30%$1M11.6K
29ADCAGREE RLTY CORPORATION REIThistory →COM1.28%$1M17.9K
30TRNOTERRENO RLTY CORPORATION REIThistory →COM1.26%$1M17.8K
31MRKMERCK & COMPANY INCORPORATEDhistory →COM1.18%$1M9.5K
32MSFTMICROSOFT CORPORATIONhistory →COM1.13%$996,2612.6K
33COSTCOSTCO WHOLESALE CORPORATION NEWhistory →COM1.02%$898,5841.4K
34LADDER CAP CORPORATION CLASS A REITCOM0.94%$827,75471.9K
35UPSUNITED PARCEL SERVICE INCORPORATED CLASS BCOM0.89%$786,3075.0K
36APARTMENT INCOME REIT CORPORATION REITCOM0.89%$785,83922.6K
37DUKDUKE ENERGY CORPORATION NEW COM NEWCOM0.86%$761,9897.9K
38AREALEXANDRIA REAL ESTATE EQ INCORPORATED REITCOM0.86%$761,3006.0K
39BACBANK AMERICA CORPORATIONCOM0.83%$731,75021.7K
40LMTLOCKHEED MARTIN CORPORATIONCOM0.74%$651,7591.4K
41BRK/BBERKSHIRE HATHAWAY INCORPORATED DEL CLASS B NEWCOM0.70%$617,7351.7K
42BACVERIZON COMMUNICATIONS INCORPORATEDCOM0.70%$616,19616.3K
43CATCATERPILLAR INCORPORATEDCOM0.68%$604,6712.0K
44BABOEING COMPANYCOM0.68%$604,2092.3K
45VENVENTAS INCORPORATED REITCOM0.68%$604,02812.1K
46USBUS BANCORP DEL COM NEWCOM0.68%$601,89413.9K
47JNJJOHNSON & JOHNSONCOM0.67%$589,0313.8K
48RTXRTX CORPORATIONCOM0.63%$555,9126.6K
49DWDMORGAN STANLEY COM NEWCOM0.61%$537,0265.8K
50STAGSTAG INDL INCORPORATED REITCOM0.60%$531,24513.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$217M226May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$196M221Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$196M210Nov 21, 202513F-HRchanges · EDGAR ↗
Q2 2025$188M201Aug 11, 202513F-HRchanges · EDGAR ↗
Q1 2025$170M191May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$176M189Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$165M169Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$154M159Aug 1, 202413F-HRchanges · EDGAR ↗
Q1 2024$142M156May 7, 202413F-HRchanges · EDGAR ↗
Q4 2023$89M111Jan 26, 202413F-HRchanges · EDGAR ↗
Q3 2023$74M99Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$108M134Aug 8, 202313F-HRchanges · EDGAR ↗
Q1 2023$108M146Apr 24, 202313F-HRchanges · EDGAR ↗
Q4 2022$111M143Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$110M134Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$121M146Aug 4, 202213F-HRchanges · EDGAR ↗
Q1 2022$140M156May 9, 202213F-HRchanges · EDGAR ↗
Q4 2021$145M157Jan 18, 202213F-HRchanges · EDGAR ↗
Q3 2021$141M156Nov 2, 202113F-HRchanges · EDGAR ↗
Q2 2021$136M145Aug 4, 202113F-HRchanges · EDGAR ↗
Q1 2021$134M143May 7, 202113F-HRchanges · EDGAR ↗
Q4 2020$119M149Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$97M137Nov 12, 2020RESTATEMENTchanges · EDGAR ↗
Q2 2020$94M140Jul 27, 202013F-HRchanges · EDGAR ↗
Q1 2020$86M305Apr 30, 202013F-HRchanges · EDGAR ↗
Q4 2019$105M127Feb 7, 202013F-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 ↗.