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Hedge fund

Land & Buildings Investment Management, LLC

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1536520

Reported value
$583.4m
100% in companies we cover
Positions we cover
19
Largest AHR 9.8%
Copy, a year
+9.1%
S&P 500 +14.1%
Copy Sharpe ratio
0.41
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$31.7k
CopyS&P 500 $10,000 copying Land & Buildings Investment Management, LLC's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −49.1% (S&P 500 −31.8%); beta 1.11; alpha −4.2% a year (t = −0.98); last 12 months +17.5% against +12.1%.

Reported value by quarter

Land & Buildings Investment Management, LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $200B $400B $600B Reported value, 2013-06-30: $106.5M Reported value, 2013-09-30: $103.5M Reported value, 2013-12-31: $114.4M Reported value, 2014-03-31: $103.1M Reported value, 2014-06-30: $125.3M Reported value, 2014-09-30: $102.4M Reported value, 2014-12-31: $125.1M Reported value, 2015-03-31: $283.1M Reported value, 2015-06-30: $154.4M Reported value, 2015-09-30: $194M Reported value, 2015-12-31: $255.2M Reported value, 2016-03-31: $220.4M Reported value, 2016-06-30: $184.9M Reported value, 2016-09-30: $391.1M Reported value, 2016-12-31: $407.4M Reported value, 2017-03-31: $382.1M Reported value, 2017-06-30: $388.2M Reported value, 2017-09-30: $406.9M Reported value, 2017-12-31: $500.5M Reported value, 2018-03-31: $513.2M Reported value, 2018-06-30: $499.9M Reported value, 2018-09-30: $463.7M Reported value, 2018-12-31: $360.8M Reported value, 2019-03-31: $408.1M Reported value, 2019-06-30: $404.1M Reported value, 2019-09-30: $453.2M Reported value, 2019-12-31: $543.1M Reported value, 2020-03-31: $247.6M Reported value, 2020-06-30: $408.3M Reported value, 2020-09-30: $576.6M Reported value, 2020-12-31: $455.9M Reported value, 2021-03-31: $470.8M Reported value, 2021-06-30: $533.6M Reported value, 2021-09-30: $595.5M Reported value, 2021-12-31: $619.5M Reported value, 2022-03-31: $619.7M Reported value, 2022-06-30: $437.7M Reported value, 2022-09-30: $454.3M Reported value, 2022-12-31: $464.3B Reported value, 2023-03-31: $432.5M Reported value, 2023-06-30: $475M Reported value, 2023-09-30: $455.2M Reported value, 2023-12-31: $435.1M Reported value, 2024-03-31: $456.7M Reported value, 2024-06-30: $424.6M Reported value, 2024-09-30: $489.2M Reported value, 2024-12-31: $493.6M Reported value, 2025-03-31: $472.6M Reported value, 2025-06-30: $501.1M Reported value, 2025-09-30: $544.9M Reported value, 2025-12-31: $601.6M Reported value, 2026-03-31: $591.4M Reported value, 2026-06-30: $583.4M 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $583.4M
View chart data
Period Reported value
2013-06-30 $106.5M
2013-09-30 $103.5M
2013-12-31 $114.4M
2014-03-31 $103.1M
2014-06-30 $125.3M
2014-09-30 $102.4M
2014-12-31 $125.1M
2015-03-31 $283.1M
2015-06-30 $154.4M
2015-09-30 $194M
2015-12-31 $255.2M
2016-03-31 $220.4M
2016-06-30 $184.9M
2016-09-30 $391.1M
2016-12-31 $407.4M
2017-03-31 $382.1M
2017-06-30 $388.2M
2017-09-30 $406.9M
2017-12-31 $500.5M
2018-03-31 $513.2M
2018-06-30 $499.9M
2018-09-30 $463.7M
2018-12-31 $360.8M
2019-03-31 $408.1M
2019-06-30 $404.1M
2019-09-30 $453.2M
2019-12-31 $543.1M
2020-03-31 $247.6M
2020-06-30 $408.3M
2020-09-30 $576.6M
2020-12-31 $455.9M
2021-03-31 $470.8M
2021-06-30 $533.6M
2021-09-30 $595.5M
2021-12-31 $619.5M
2022-03-31 $619.7M
2022-06-30 $437.7M
2022-09-30 $454.3M
2022-12-31 $464.3B
2023-03-31 $432.5M
2023-06-30 $475M
2023-09-30 $455.2M
2023-12-31 $435.1M
2024-03-31 $456.7M
2024-06-30 $424.6M
2024-09-30 $489.2M
2024-12-31 $493.6M
2025-03-31 $472.6M
2025-06-30 $501.1M
2025-09-30 $544.9M
2025-12-31 $601.6M
2026-03-31 $591.4M
2026-06-30 $583.4M

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
AHRAmerican Healthcare Reit, Inc.9.84%$57.4m1.10M+8.9% Added
SPGSimon Property Group8.29%$48.4m216.3K−0.5% Reduced
FRFirst Industrial Realty Trust Inc8.21%$47.9m781.1K−9.6% Reduced
BXDCBlackstone Digital Infrastructure Trust Inc.8.13%$47.4m2.19MNew
VTRVentas8.04%$46.9m528.0K+43.7% Added
INVHInvitation Homes7.27%$42.4m1.40M−28.6% Reduced
SUISUN Communities Inc6.38%$37.2m310.2K+12.5% Added
CURBCurbline Properties Corp.5.70%$33.3m1.09M+20.9% Added
EQIXEquinix5.58%$32.6m31.2K−33.9% Reduced
SKTTanger Inc.5.38%$31.4m794.9K−0.5%
CBRECBRE Group4.28%$24.9m185.2K0.0%
DLRDigital Realty4.16%$24.3m135.3K+18.6% Added
OUTOutfront Media Inc.4.13%$24.1m735.4K−13.9% Reduced
MARMarriott International3.77%$22.0m59.3K−0.8% Reduced
LAMRLamar Advertising Co3.27%$19.1m122.2K−8.9% Reduced
RHPRyman Hospitality Properties, Inc.3.17%$18.5m144.1K−50.0% Reduced
DHID. R. Horton3.16%$18.4m113.3KNew
VICIVici Properties0.94%$5.5m207.6KNew
DEIDouglas Emmett Inc0.31%$1.8m153.0KNew
CompanyBought (value)Shares
BXDCBlackstone Digital Infrastructure Trust Inc.$47.4m2.19M
DHID. R. Horton$18.4m113.3K
VTRVentas$14.3m160.6K
CURBCurbline Properties Corp.$5.8m189.2K
VICIVici Properties$5.5m207.6K
AHRAmerican Healthcare Reit, Inc.$4.7m89.6K
SUISUN Communities Inc$4.1m34.5K
DLRDigital Realty$3.8m21.2K
DEIDouglas Emmett Inc$1.8m153.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
NHINational Health Investors Inc−$47.5m−587.2K
PLDPrologis−$22.3m−168.8K
GLPIGaming & Leisure Properties, Inc.−$19.7m−444.6K
RHPRyman Hospitality Properties, Inc.−$18.5m−144.2K
INVHInvitation Homes−$17.0m−562.5K
EQIXEquinix−$16.7m−16.0K
FUNSix Flags Entertainment Corporation−$11.4m−642.3K
SBACSBA Communications−$10.3m−60.1K
FRFirst Industrial Realty Trust Inc−$5.1m−82.8K
OUTOutfront Media Inc.−$3.9m−118.8K
LAMRLamar Advertising Co−$1.9m−11.9K
SPGSimon Property Group−$250,041−1.1K
MARMarriott International−$169,730−458
SKTTanger Inc.−$157,406−4.0K
CBRECBRE Group−$3,502−26

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
NHINational Health Investors Inc$47.5m587.2K
PLDPrologis$22.3m168.8K
GLPIGaming & Leisure Properties, Inc.$19.7m444.6K
FUNSix Flags Entertainment Corporation$11.4m642.3K
SBACSBA Communications$10.3m60.1K
  • Real Estate93.1%
  • Consumer Discretionary6.9%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+9.1%+14.1%0.410.78−49.1%1.11
2018 onwardsJanuary 5, 2018 to November 2, 2026+6.0%+13.9%0.250.66−49.1%1.11
Last three yearsNovember 3, 2023 to November 2, 2026+17.1%+21.8%0.851.16−11.9%0.52
Last yearNovember 7, 2025 to November 2, 2026+14.1%+14.2%0.750.84−11.2%0.28

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.