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Institutional Investment Manager
HGI CAPITAL MANAGEMENT, LLC
HGI CAPITAL MANAGEMENT, LLC (CIK: 0001595907). Institutional holdings reported to the SEC.

Institutional Holdings (2016Q3)
Portfolio Summary: 25 holdings with a total value of $60,538,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 FOREST CITY RLTY TR INC COM CL A 246,931 5,712,000 9.44%
2 APARTMENT INVT & MGMT CO 90,304 4,146,000 6.85%
3 VORNADO RLTY TR 39,161 3,963,000 6.55%
4 HOME DEPOT INC 23,690 3,048,000 5.03%
5 SPIRIT RLTY CAP INC NEW 219,950 2,932,000 4.84%
6 SL GREEN REALTY CORP 26,812 2,898,000 4.79%
7 EQUITY COMWLTH COM SH BEN INT 95,693 2,892,000 4.78%
8 RETAIL PPTYS AMER INC CL A 170,487 2,864,000 4.73%
9 CUBESMART 104,892 2,859,000 4.72%
10 MGM GROWTH PPTYS LLC CL A COM 107,901 2,813,000 4.65%
11 CBRE GROUP INC 89,650 2,508,000 4.14%
12 GENERAL GROWTH PPTYS INC NEW 89,539 2,471,000 4.08%
13 TAUBMAN CENTERS 31,959 2,378,000 3.93%
14 LENNAR 54,169 2,294,000 3.79%
15 EQUITY RESIDENT 34,324 2,208,000 3.65%
16 SUN COMMUNITIES INC COM 25,941 2,036,000 3.36%
17 Colony Starwood Homes 68,434 1,964,000 3.24%
18 NEW YORK REIT INC 192,467 1,761,000 2.91%
19 JONES LANG LASALLE 13,177 1,499,000 2.48%
20 SELECT INCOME REIT 54,534 1,467,000 2.42%
21 SILVER BAY RLTY TR CORP 72,182 1,265,000 2.09%
22 SIMON PROPERTY GROUP 5,961 1,234,000 2.04%
23 MACYS INC 30,845 1,143,000 1.89%
24 LADDER CAP CORPORATION CLASS A REIT 84,145 1,114,000 1.84%
25 PENNSYLVANIA REAL ESTATE INV 46,405 1,069,000 1.77%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001172661-16-004105, filed 2016.11.07).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.