# Sophron Capital Management L.P.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2027142. Source: https://holderbook.com/funds/2027142-sophron-capital-management-l-p/

- Reported value: $322.7M
- Positions: 43
- Weight of the ten largest: 45.5%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| AGREE RLTY CORP | [ADC](https://holderbook.com/stocks/ADC/) | $25.1M | 331,087 | 7.8% | 7 |
| HOST HOTELS & RESORTS INC | [HST](https://holderbook.com/stocks/HST/) | $20.5M | 862,907 | 6.3% | 2 |
| LENNAR CORP | [LEN](https://holderbook.com/stocks/LEN/) | $15.4M | 170,135 | 4.8% | 5 |
| AVALONBAY CMNTYS INC | [AVB](https://holderbook.com/stocks/AVB/) | $14.1M | 74,987 | 4.4% | 7 |
| FOUR CORNERS PPTY TR INC | [FCPT](https://holderbook.com/stocks/FCPT/) | $13.2M | 535,879 | 4.1% | 7 |
| EQUITY LIFESTYLE PROPERTIES | [ELS](https://holderbook.com/stocks/ELS/) | $12.9M | 200,084 | 4.0% | 7 |
| REXFORD INDL RLTY INC | [REXR](https://holderbook.com/stocks/REXR/) | $12.9M | 384,763 | 4.0% | 3 |
| GAMING & LEISURE P | [GLPI](https://holderbook.com/stocks/GLPI/) | $11.8M | 265,161 | 3.7% | 7 |
| ESSEX PPTY TR INC | [ESS](https://holderbook.com/stocks/ESS/) | $10.5M | 36,114 | 3.3% | 7 |
| PHILLIPS EDISON & CO INC | [PECO](https://holderbook.com/stocks/PECO/) | $10.5M | 251,859 | 3.2% | 7 |
| VICI PPTYS INC | [VICI](https://holderbook.com/stocks/VICI/) | $10.3M | 387,641 | 3.2% | 4 |
| DIAMONDROCK HOSPITALITY CO | [DRH](https://holderbook.com/stocks/DRH/) | $9.9M | 813,676 | 3.1% | 7 |
| PULTE GROUP INC | [PHM](https://holderbook.com/stocks/PHM/) | $9.8M | 71,495 | 3.0% | 1 |
| AMERICAN HOMES 4 RENT | [AMH](https://holderbook.com/stocks/AMH/) | $9.5M | 283,360 | 2.9% | 7 |
| CHOICE HOTELS INTL INC | [CHH](https://holderbook.com/stocks/CHH/) | $9.3M | 84,576 | 2.9% | 7 |
| EQUITY RESIDENTIAL | [EQR](https://holderbook.com/stocks/EQR/) | $9.1M | 134,534 | 2.8% | 7 |
| WYNDHAM HOTELS & RESORTS INC | [WH](https://holderbook.com/stocks/WH/) | $9.1M | 107,644 | 2.8% | 6 |
| UDR INC | [UDR](https://holderbook.com/stocks/UDR/) | $8.5M | 213,157 | 2.6% | 5 |
| REGENCY CTRS CORP | [REG](https://holderbook.com/stocks/REG/) | $8.5M | 106,627 | 2.6% | 1 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $8.1M | 45,249 | 2.5% | 7 |
| CUBESMART | [CUBE](https://holderbook.com/stocks/CUBE/) | $7.3M | 182,764 | 2.3% | 7 |
| INDEPENDENCE RLTY TR INC | [IRT](https://holderbook.com/stocks/IRT/) | $7.1M | 427,943 | 2.2% | 2 |
| SUNSTONE HOTEL INVS INC NEW | [SHO](https://holderbook.com/stocks/SHO/) | $6.3M | 545,872 | 1.9% | 1 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $5.7M | 41,954 | 1.8% | 1 |
| RYMAN HOSPITALITY PPTYS INC | [RHP](https://holderbook.com/stocks/RHP/) | $5.7M | 44,014 | 1.8% | 4 |
| NATIONAL HEALTH INVS INC | [NHI](https://holderbook.com/stocks/NHI/) | $5.4M | 70,659 | 1.7% | 5 |
| SUN CMNTYS INC | [SUI](https://holderbook.com/stocks/SUI/) | $5.3M | 44,380 | 1.6% | 7 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $4.7M | 62,463 | 1.5% | 7 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $4.0M | 24,682 | 1.3% | 7 |
| STAG INDUSTRIAL INC | [STAG](https://holderbook.com/stocks/STAG/) | $4.0M | 103,852 | 1.2% | 2 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $3.9M | 22,201 | 1.2% | 4 |
| INVITATION HOMES INC | [INVH](https://holderbook.com/stocks/INVH/) | $3.8M | 125,741 | 1.2% | 4 |
| EASTGROUP PPTYS INC | [EGP](https://holderbook.com/stocks/EGP/) | $3.3M | 16,084 | 1.0% | 4 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $3.0M | 9,424 | 0.9% | 7 |
| ESSENTIAL PPTYS RLTY TR INC | [EPRT](https://holderbook.com/stocks/EPRT/) | $2.9M | 95,745 | 0.9% | 1 |
| JANUS LIVING INC | [JAN](https://holderbook.com/stocks/JAN/) | $2.4M | 84,450 | 0.8% | 2 |
| EXTRA SPACE STORAGE INC | [EXR](https://holderbook.com/stocks/EXR/) | $2.3M | 15,659 | 0.7% | 7 |
| HEALTHPEAK PROPERTIES INC | [DOC](https://holderbook.com/stocks/DOC/) | $1.9M | 87,147 | 0.6% | 7 |
| NNN REIT INC | [NNN](https://holderbook.com/stocks/NNN/) | $1.6M | 34,116 | 0.5% | 7 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $1.5M | 4,129 | 0.5% | 1 |
| LXP INDUSTRIAL TRUST | [LXP](https://holderbook.com/stocks/LXP/) | $924.7K | 17,163 | 0.3% | 2 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $538.9K | 517 | 0.2% | 1 |
| CURBLINE PPTYS CORP | [CURB](https://holderbook.com/stocks/CURB/) | $219.1K | 7,208 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.4% | +14.8% | -2.5% | 100% |
| Q1 2026 | +1.4% | -4.6% | +6.0% | 100% |
| Q4 2025 | -3.3% | +2.4% | -5.7% | 100% |
| Q3 2025 | +0.1% | +7.8% | -7.7% | 100% |
| Q2 2025 | -1.9% | +10.5% | -12.4% | 100% |
| Q1 2025 | +0.3% | -4.6% | +4.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $322.7M | 43 |
| Q1 2026 | $339.4M | 41 |
| Q4 2025 | $311.1M | 39 |
| Q3 2025 | $324.6M | 39 |
| Q2 2025 | $326.7M | 39 |
| Q1 2025 | $294.1M | 39 |
| Q4 2024 | $253.0M | 38 |