SEC 13F Intelligence

Managers / Q1 2026

Sophron Capital Management L.P.

CIK 0002027142 · 350 SPRINGFIELD AVENUE, SUITE 303, SUMMIT, NJ, 07901 · 212-970-9451

Reported Value
$339M
Q1 2026
Positions
41
Filings on Record
6
2019–present window
Filed
May 15, 2026
original filing

Summary

Sophron Capital Management L.P. reported $339M in U.S.-listed holdings across 41 positions for Q1 2026.

Its largest position, Avalonbay Cmntys, represents 5.7% of the portfolio.

Compared with Q4 2025, the fund opened 8 new positions and exited 6.

Portfolio Metrics

Turnover
+17.5%
vs prior filed quarter
Top-10 Concentration
+46.9%
share of reported value
Largest Position
+5.7%
Avalonbay Cmntys
New / Exited
8 / 6
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 ’24: $253MQ4 ’24Q1 ’25: $294MQ1 ’25Q2 ’25: $327MQ2 ’25Q3 ’25: $325MQ3 ’25Q4 ’25: $311MQ4 ’25Q1 ’26: $339MQ1 ’26filingsflow.com

Portfolio Composition

By security type
REIT: 83.7%Common Stock: 15.9%Other: 0.4%
  • REIT · 83.7% · $284M
  • Common Stock · 15.9% · $54M
  • Other · 0.4% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HSTHOST HOTELS & RESORTS INCNEW+358.3K358.3K+$7M$7M
LXPLXP INDUSTRIAL TRUSTNEW+127.2K127.2K+$6M$6M
FRTFEDERAL RLTY INVT TR NEWNEW+35.0K35.0K+$4M$4M
IRTINDEPENDENCE RLTY TR INCNEW+211.2K211.2K+$3M$3M
JAN1EURJANUS LIVING INCNEW+100.0K100.0K+$2M$2M
HIWHIGHWOODS PPTYS INCNEW+49.7K49.7K+$1M$1M
APOLLO COML REAL ESTATE FINNEW+70.5K70.5K+$744,311$744,311
STAGSTAG INDUSTRIAL INCNEW+17.5K17.5K+$630,798$630,798

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

Holdings — Q1 2026

41 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AVALONBAY CMNTYS INCCOM5.74%$19M119.2K
2ESSESSEX PPTY TR INChistory →COM5.64%$19M79.1K
3ADCAGREE RLTY CORPhistory →COM5.57%$19M250.9K
4LENLENNAR CORPhistory →CL A5.23%$18M204.3K
5EQREQUITY RESIDENTIALhistory →SH BEN INT4.49%$15M257.5K
6MTHMERITAGE HOMES CORPhistory →COM4.29%$15M235.3K
7PECOPHILLIPS EDISON & CO INChistory →COMMON STOCK4.23%$14M383.7K
8FCPTFOUR CORNERS PPTY TR INChistory →COM4.11%$14M589.6K
9UDRUDR INChistory →COM3.84%$13M385.8K
10GLPIGAMING & LEISURE Phistory →COM3.73%$13M285.3K
11CHHCHOICE HOTELS INTL INChistory →COM3.68%$12M120.7K
12REXFORD INDL RLTY INCCOM3.45%$12M357.4K
13AMHAMERICAN HOMES 4 RENThistory →CL A3.35%$11M407.6K
14RHPRYMAN HOSPITALITY PPTYS INChistory →COM3.25%$11M119.7K
15CUBECUBESMARThistory →COM2.68%$9M248.2K
16ELSEQUITY LIFESTYLE PROPERTIEShistory →COM2.66%$9M144.7K
17SBACSBA COMMUNICATIONS CORPhistory →CL A2.59%$9M51.1K
18DRHDIAMONDROCK HOSPITALITY COhistory →COM2.32%$8M842.0K
19INVHINVITATION HOMES INChistory →COM2.32%$8M317.3K
20PSAPUBLIC STORAGE OPER COhistory →COM2.31%$8M28.9K
21EGPEASTGROUP PPTYS INChistory →COM2.30%$8M42.1K
22VICIVICI PPTYS INChistory →COM2.15%$7M266.8K
23HSTHOST HOTELS & RESORTS INChistory →COM2.02%$7M358.3K
24WHWYNDHAM HOTELS & RESORTS INChistory →COM2.02%$7M84.4K
25LXPLXP INDUSTRIAL TRUSThistory →COM1.73%$6M127.2K
26FQIDIGITAL RLTY TR INChistory →COM1.62%$5M30.5K
27NNNNNN REIT INChistory →COM1.50%$5M121.1K
28BNLBROADSTONE NET LEASE INChistory →COM1.38%$5M256.9K
29EXREXTRA SPACE STORAGE INChistory →COM1.26%$4M32.7K
308CWCROWN CASTLE INChistory →COM1.15%$4M47.9K
31FRTFEDERAL RLTY INVT TR NEWhistory →SH BEN INT NEW1.10%$4M35.0K
32AMTAMERICAN TOWER CORPhistory →COM1.08%$4M21.2K
33DOCHEALTHPEAK PROPERTIES INChistory →COM1.07%$4M221.4K
34IRTINDEPENDENCE RLTY TR INCCOM0.93%$3M211.2K
35NATIONAL HEALTH INVS INCCOM0.84%$3M35.4K
36JAN1EURJANUS LIVING INCCL A-10.69%$2M100.0K
37SUN CMNTYS INCCOM0.54%$2M14.6K
38SILA REALTY TRUST INCCOMMON STOCK0.42%$1M59.8K
39HIWHIGHWOODS PPTYS INCCOM0.31%$1M49.7K
40APOLLO COML REAL ESTATE FINCOM0.22%$744,31170.5K
41STAGSTAG INDUSTRIAL INCCOM0.19%$630,79817.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$339M41May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$311M39Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$325M39Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$327M39Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$294M39May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$253M38Feb 14, 202513F-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 ↗.