# CAPITAL GROWTH MANAGEMENT LP

> Institutional holdings reported to the SEC as of Q3 2022 on Form 13F. CIK 868491. Source: https://holderbook.com/funds/868491-capital-growth-management-lp/

- Reported value: $760.6M
- Positions: 50
- Weight of the ten largest: 42.6%
- Filed: 2022-11-14

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 |
|---|---|---|---|---|---|
| CONSOL ENERGY INC NEW | [CEIX](https://holderbook.com/stocks/CEIX/) | $42.5M | 660,000 | 5.6% | 3 |
| SIGNET JEWELERS LIMITED | [SIG](https://holderbook.com/stocks/SIG/) | $38.8M | 679,052 | 5.1% | 6 |
| ANTERO RESOURCES CORP | [AR](https://holderbook.com/stocks/AR/) | $35.1M | 1,150,000 | 4.6% | 3 |
| COTERRA ENERGY INC | [CTRA](https://holderbook.com/stocks/CTRA/) | $32.6M | 1,250,000 | 4.3% | 3 |
| ALPHA METALLURGICAL RESOUR I | [AMR](https://holderbook.com/stocks/AMR/) | $32.2M | 235,000 | 4.2% | 3 |
| SOUTHWESTERN ENERGY CO | [SWN](https://holderbook.com/stocks/SWN/) | $30.0M | 4,900,000 | 3.9% | 3 |
| NOKIA CORP | [NOK](https://holderbook.com/stocks/NOK/) | $29.2M | 6,850,000 | 3.8% | 1 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $28.7M | 800,000 | 3.8% | 2 |
| ARCH RESOURCES INC | [ARCH](https://holderbook.com/stocks/ARCH/) | $28.5M | 240,000 | 3.7% | 3 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $26.5M | 160,000 | 3.5% | 2 |
| STELLANTIS N.V | [STLA](https://holderbook.com/stocks/STLA/) | $25.6M | 2,160,000 | 3.4% | 1 |
| PEABODY ENGR CORP | [BTU](https://holderbook.com/stocks/BTU/) | $25.3M | 1,020,000 | 3.3% | 3 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $24.4M | 990,000 | 3.2% | 3 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $24.1M | 290,000 | 3.2% | 1 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $23.2M | 530,000 | 3.0% | 1 |
| RANGE RES CORP | [RRC](https://holderbook.com/stocks/RRC/) | $22.7M | 900,000 | 3.0% | 3 |
| YAMANA GOLD INC | [AUY](https://holderbook.com/stocks/AUY/) | $18.1M | 4,000,000 | 2.4% | 1 |
| KINROSS GOLD CORP | [KGC](https://holderbook.com/stocks/KGC/) | $18.0M | 4,800,000 | 2.4% | 2 |
| TENET HEALTHCARE CORP | [THC](https://holderbook.com/stocks/THC/) | $17.3M | 335,000 | 2.3% | 4 |
| LENNAR CORP | [LEN](https://holderbook.com/stocks/LEN/) | $16.4M | 220,000 | 2.2% | 2 |
| PULTE GROUP INC | [PHM](https://holderbook.com/stocks/PHM/) | $16.1M | 430,000 | 2.1% | 2 |
| B2GOLD CORP | [BTG](https://holderbook.com/stocks/BTG/) | $16.1M | 5,000,000 | 2.1% | 2 |
| RYMAN HOSPITALITY PPTYS INC | [RHP](https://holderbook.com/stocks/RHP/) | $15.5M | 210,000 | 2.0% | 7 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $14.8M | 220,000 | 1.9% | 2 |
| TOLL BROTHERS INC | [TOL](https://holderbook.com/stocks/TOL/) | $13.9M | 330,000 | 1.8% | 2 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $12.1M | 300,000 | 1.6% | 4 |
| REGENCY CTRS CORP | [REG](https://holderbook.com/stocks/REG/) | $10.2M | 190,000 | 1.3% | 2 |
| TANGER INC | [SKT](https://holderbook.com/stocks/SKT/) | $8.9M | 650,000 | 1.2% | 4 |
| FEDERAL RLTY INVT TR NEW | [FRT](https://holderbook.com/stocks/FRT/) | $8.6M | 95,000 | 1.1% | 2 |
| AVALONBAY CMNTYS INC | [AVB](https://holderbook.com/stocks/AVB/) | $8.3M | 45,000 | 1.1% | 1 |
| MERITAGE HOMES CORP | [MTH](https://holderbook.com/stocks/MTH/) | $8.1M | 115,000 | 1.1% | 2 |
| NVR INC | [NVR](https://holderbook.com/stocks/NVR/) | $8.0M | 2,000 | 1.0% | 1 |
| ACADEMY SPORTS & OUTDOORS IN | [ASO](https://holderbook.com/stocks/ASO/) | $7.6M | 180,000 | 1.0% | 4 |
| SUNSTONE HOTEL INVS INC NEW | [SHO](https://holderbook.com/stocks/SHO/) | $6.6M | 700,000 | 0.9% | 1 |
| ALAMOS GOLD INC | [AGI](https://holderbook.com/stocks/AGI/) | $5.9M | 800,000 | 0.8% | 1 |
| CAVCO INDS INC DEL | [CVCO](https://holderbook.com/stocks/CVCO/) | $5.8M | 28,000 | 0.8% | 1 |
| CHAMPION HOMES INC | [SKY](https://holderbook.com/stocks/SKY/) | $5.3M | 100,000 | 0.7% | 1 |
| DIAMONDROCK HOSPITALITY CO | [DRH](https://holderbook.com/stocks/DRH/) | $5.3M | 700,000 | 0.7% | 1 |
| PEBBLEBROOK HOTEL TR | [PEB](https://holderbook.com/stocks/PEB/) | $5.1M | 350,000 | 0.7% | 1 |
| LGI HOMES INC | [LGIH](https://holderbook.com/stocks/LGIH/) | $4.9M | 60,000 | 0.6% | 1 |
| MID-AMER APT CMNTYS INC | [MAA](https://holderbook.com/stocks/MAA/) | $4.7M | 30,000 | 0.6% | 5 |
| BARRICK GOLD CORP | [GOLD](https://holderbook.com/stocks/GOLD/) | $4.7M | 300,000 | 0.6% | 1 |
| KIMCO REALTY CORP | [KIM](https://holderbook.com/stocks/KIM/) | $4.6M | 250,000 | 0.6% | 2 |
| ATKORE INC | [ATKR](https://holderbook.com/stocks/ATKR/) | $4.3M | 55,000 | 0.6% | 1 |
| BRIXMOR PPTY GROUP INC | [BRX](https://holderbook.com/stocks/BRX/) | $3.7M | 200,000 | 0.5% | 2 |
| TAYLOR MORRISON HOME CORP | [TMHC](https://holderbook.com/stocks/TMHC/) | $3.3M | 140,000 | 0.4% | 2 |
| WARRIOR MET COAL INC | [HCC](https://holderbook.com/stocks/HCC/) | $2.8M | 100,000 | 0.4% | 1 |
| HOWARD HUGHES CORP | [HHC](https://holderbook.com/stocks/HHC/) | $2.8M | 50,000 | 0.4% | 4 |
| NEXPOINT RESIDENTIAL TR INC | [NXRT](https://holderbook.com/stocks/NXRT/) | $2.6M | 56,000 | 0.3% | 5 |
| VORNADO RLTY TR | [VNO](https://holderbook.com/stocks/VNO/) | $1.2M | 50,000 | 0.2% | 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 |
|---|---|---|---|---|
| Q3 2022 | -2.5% | -5.3% | +2.8% | 100% |
| Q2 2022 | -21.0% | -16.5% | -4.5% | 100% |
| Q1 2022 | -6.3% | -4.9% | -1.4% | 100% |
| Q4 2021 | +11.6% | +10.7% | +0.9% | 100% |
| Q3 2021 | -1.0% | +0.3% | -1.2% | 97% |
| Q2 2021 | +8.2% | +8.0% | +0.2% | 100% |
| Q1 2021 | +21.7% | +6.0% | +15.7% | 100% |
| Q4 2020 | +8.6% | +11.6% | -3.0% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2022 | $760.6M | 50 |
| Q2 2022 | $841.4M | 65 |
| Q1 2022 | $1.1B | 49 |
| Q4 2021 | $1.1B | 62 |
| Q3 2021 | $1.1B | 55 |
| Q2 2021 | $1.1B | 56 |
| Q1 2021 | $1.1B | 56 |
| Q4 2020 | $992.7M | 53 |
| Q3 2020 | $956.9M | 46 |
| Q2 2020 | $860.4M | 41 |
| Q1 2020 | $712.3M | 42 |
| Q4 2019 | $1.2B | 48 |