Land & Buildings
Jonathan LittSTAMFORD, CTfiles as Land & Buildings Investment Management, LLC
$583m in 19 US stocks at the end of 30 June 2026. The top 10 are 72.8% of the money. It changed about 23.6% of the portfolio this quarter.
Value
$583m
Stocks
19
Top 10 share
72.8%
Turnover
23.6%
What changed this quarter
New
Bought for the first time this quarter.
- Blackstone Digital Infrastructure TrustBXDC8.1% of the fund
- Horton D RDHI3.2% of the fund
- Vici PropertiesVICI0.9% of the fund
- Douglas EmmettDEI0.3% of the fund
Added
Bought more of a stock they already held.
- American Healthcare REITAHR9.8% of the fund+9%
- VentasVTR8.0% of the fund+44%
- Sun CommunitiesSUI6.4% of the fund+13%
- Curbline PropertiesCURB5.7% of the fund+21%
- Digital Realty TrustDLR4.2% of the fund+19%
Cut
Sold some of their stake.
- First Industrial Realty TrustFR8.2% of the fund-10%
- Invitation HomesINVH7.3% of the fund-29%
- EquinixEQIX5.6% of the fund-34%
- OUTFRONT MediaOUT4.1% of the fund-14%
- Lamar AdvertisingLAMR3.3% of the fund-9%
- Ryman Hospitality PropertiesRHP3.2% of the fund-50%
Sold out
Sold their entire stake.
Holdings
- Blackstone Digital Infrastructure TrustBXDC
- Share
- 8.1%
- Value
- $47m
- Shares
- 2,191,636
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| American Healthcare REITAHR | 9.8% | $57m | 1,100,637 | +9% |
| Simon Property GroupSPG | 8.3% | $48m | 216,348 | Held |
| First Industrial Realty TrustFR | 8.2% | $48m | 781,077 | -10% |
| Blackstone Digital Infrastructure TrustBXDC | 8.1% | $47m | 2,191,636 | New |
| VentasVTR | 8.0% | $47m | 527,994 | +44% |
| Invitation HomesINVH | 7.3% | $42m | 1,404,199 | -29% |
| Sun CommunitiesSUI | 6.4% | $37m | 310,187 | +13% |
| Curbline PropertiesCURB | 5.7% | $33m | 1,094,291 | +21% |
| EquinixEQIX | 5.6% | $33m | 31,249 | -34% |
| TangerSKT | 5.4% | $31m | 794,927 | Held |
| Cbre GroupCBRE | 4.3% | $25m | 185,199 | Held |
| Digital Realty TrustDLR | 4.2% | $24m | 135,266 | +19% |
| OUTFRONT MediaOUT | 4.1% | $24m | 735,386 | -14% |
| Marriott InternationalMAR | 3.8% | $22m | 59,308 | Held |
| Lamar AdvertisingLAMR | 3.3% | $19m | 122,160 | -9% |
| Ryman Hospitality PropertiesRHP | 3.2% | $19m | 144,125 | -50% |
| Horton D RDHI | 3.2% | $18m | 113,257 | New |
| Vici PropertiesVICI | 0.9% | $6m | 207,555 | New |
| Douglas EmmettDEI | 0.3% | $2m | 153,017 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 16.4% since 30 June 2025.
Where the money is
Real estate93.1%
Retail & consumer6.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.