Managers / Q1 2026
Masterton Capital Management, LP
CIK 0001817145 · 60 EAST 42ND STREET, SUITE 1560, NEW YORK, NY, 10165 · 212-466-6990
Summary
Masterton Capital Management, LP reported $110M in U.S.-listed holdings across 19 positions for Q1 2026.
Its largest position, FRT, represents 16.8% of the portfolio.
Compared with Q4 2025, the fund opened 6 new positions and exited 9.
Portfolio Metrics
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
Portfolio Composition
- REIT · 63.2% · $69M
- Common Stock · 36.8% · $40M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| DPZDOMINOS PIZZA INC | NEW | +17.5K | 17.5K | +$6M | $6M |
| CBRECBRE GROUP INC | NEW | +41.0K | 41.0K | +$6M | $6M |
| ADCAGREE RLTY CORP | NEW | +66.3K | 66.3K | +$5M | $5M |
| TJXTJX COS INC NEW | NEW | +26.2K | 26.2K | +$4M | $4M |
| LPXLOUISIANA PAC CORP | NEW | +48.7K | 48.7K | +$4M | $4M |
| REXFORD INDL RLTY INC | NEW | +98.2K | 98.2K | +$3M | $3M |
| PLDPROLOGIS INC. | ADDED | +32.5K | 57.5K | +$4M | $8M |
| WHWYNDHAM HOTELS & RESORTS INC | ADDED | +8.1K | 15.8K | +$701,622 | $1M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FRTFEDERAL RLTY INVT TR NEWhistory → | SH BEN INT NEW | 16.79% | $18M | 173.5K |
| 2 | PFGCPERFORMANCE FOOD GROUP COhistory → | COM | 8.33% | $9M | 106.8K |
| 3 | KIMKIMCO REALTY CORPhistory → | COM | 7.41% | $8M | 362.0K |
| 4 | PLDPROLOGIS INC.history → | COM | 6.92% | $8M | 57.5K |
| 5 | APLEAPPLE HOSPITALITY REIT INChistory → | COM NEW | 6.84% | $8M | 652.8K |
| 6 | CHEFCHEFS WHSE INChistory → | COM | 6.63% | $7M | 122.4K |
| 7 | DPZDOMINOS PIZZA INChistory → | COM | 5.70% | $6M | 17.5K |
| 8 | CBRECBRE GROUP INChistory → | CL A | 5.06% | $6M | 41.0K |
| 9 | TRNOTERRENO RLTY CORPhistory → | COM | 5.03% | $6M | 90.0K |
| 10 | PSAPUBLIC STORAGE OPER COhistory → | COM | 4.93% | $5M | 20.0K |
| 11 | EQREQUITY RESIDENTIALhistory → | SH BEN INT | 4.59% | $5M | 85.2K |
| 12 | ADCAGREE RLTY CORPhistory → | COM | 4.55% | $5M | 66.3K |
| 13 | TJXTJX COS INC NEWhistory → | COM | 3.81% | $4M | 26.2K |
| 14 | LPXLOUISIANA PAC CORPhistory → | COM | 3.23% | $4M | 48.7K |
| 15 | SKTTANGER INChistory → | COM | 3.17% | $3M | 102.5K |
| 16 | REXFORD INDL RLTY INC | COM | 2.93% | $3M | 98.2K |
| 17 | ROSTROSS STORES INChistory → | COM | 1.82% | $2M | 9.2K |
| 18 | WHWYNDHAM HOTELS & RESORTS INChistory → | COM | 1.17% | $1M | 15.8K |
| 19 | CHHCHOICE HOTELS INTL INChistory → | COM | 1.09% | $1M | 11.6K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $110M | 19 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $143M | 22 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $182M | 21 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $165M | 20 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $147M | 21 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $176M | 22 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $150M | 21 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $140M | 19 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $128M | 14 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $116M | 14 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $99M | 15 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $92M | 11 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $105M | 20 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $83M | 21 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $110M | 21 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $83M | 18 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $106M | 16 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $137M | 21 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $159M | 20 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $155M | 17 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $138M | 17 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $126M | 19 | Feb 16, 2021 | 13F-HR | changes · 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 ↗.