Landmark Investment Partners, L.P.
WEST PALM BEACH, FL
$108m in 21 US stocks at the end of 30 June 2026. The top 10 are 67.9% of the money. It changed about 48.8% of the portfolio this quarter.
Value
$108m
Stocks
21
Top 10 share
67.9%
Turnover
48.8%
What changed this quarter
New
Bought for the first time this quarter.
- CompassCOMP6.8% of the fund
- UDRUDR6.6% of the fund
- Ensign GroupENSG5.7% of the fund
- Choice Hotels InternationalCHH5.4% of the fund
- Vivmark ResidentialVMRK4.8% of the fund
- Travel & LeisureTNL3.9% of the fund
- Brookfield Asset ManagementBAM3.7% of the fund
- Champion HomesSKY2.1% of the fund
- Royal Caribbean CruisesRCL0.9% of the fund
Added
Bought more of a stock they already held.
- Douglas EmmettDEI10.7% of the fund+33%
- NexPoint Residential TrustNXRT7.2% of the fund+24%
- Hudson Pacific PropertiesHPP5.4% of the fund+7%
- Costar GroupCSGP4.1% of the fund+20%
Cut
Sold some of their stake.
- Cohen & SteersCNS8.5% of the fund-32%
- Marriott Vacations WorldwideVAC6.5% of the fund-9%
- Cbre GroupCBRE5.1% of the fund-40%
- Apartment Investment & ManagementAIV4.8% of the fund-22%
- Essex Property TrustESS3.3% of the fund-20%
- Avalonbay CommunitiesAVB1.9% of the fund-31%
- Braemar Hotels & ResortsBHR1.8% of the fund-13%
Sold out
Sold their entire stake.
- Hilton Worldwide HoldingsHLT-100%
- Colliers International GroupCIGI-100%
- Churchill DownsCHDN-100%
- Camden Property TrustCPT-100%
- Howard Hughes HoldingsHHH-100%
- CubeSmartCUBE-100%
- Builders FirstSourceBLDR-100%
- BlackstoneBX-100%
Holdings
- Avalonbay CommunitiesAVB
- Share
- 1.9%
- Value
- $2m
- Shares
- 11,140
-31%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Douglas EmmettDEI | 10.7% | $12m | 1,012,834 | +33% |
| Cohen & SteersCNS | 8.5% | $9m | 108,850 | -32% |
| NexPoint Residential TrustNXRT | 7.2% | $8m | 319,092 | +24% |
| CompassCOMP | 6.8% | $7m | 580,048 | New |
| UDRUDR | 6.6% | $7m | 193,045 | New |
| Marriott Vacations WorldwideVAC | 6.5% | $7m | 60,580 | -9% |
| Ensign GroupENSG | 5.7% | $6m | 34,054 | New |
| Choice Hotels InternationalCHH | 5.4% | $6m | 55,914 | New |
| Hudson Pacific PropertiesHPP | 5.4% | $6m | 419,873 | +7% |
| Cbre GroupCBRE | 5.1% | $6m | 37,544 | -40% |
| Vivmark ResidentialVMRK | 4.8% | $5m | 79,904 | New |
| Apartment Investment & ManagementAIV | 4.8% | $5m | 1,981,897 | -22% |
| Costar GroupCSGP | 4.1% | $4m | 144,011 | +20% |
| Travel & LeisureTNL | 3.9% | $4m | 57,034 | New |
| Brookfield Asset ManagementBAM | 3.7% | $4m | 73,864 | New |
| Essex Property TrustESS | 3.3% | $4m | 12,719 | -20% |
| Champion HomesSKY | 2.1% | $2m | 23,906 | New |
| Avalonbay CommunitiesAVB | 1.9% | $2m | 11,140 | -31% |
| Braemar Hotels & ResortsBHR | 1.8% | $2m | 988,883 | -13% |
| Royal Caribbean CruisesRCL | 0.9% | $1m | 3,259 | New |
| Brookdale Senior LivingBKD | 0.9% | $928,789 | 72,392 | Held |
Options (33)
- Essex Ppty TR
- Type
- Call
- Value
- $26m
- Contracts
- 94,300
- Cohen & Steers
- Type
- Call
- Value
- $26m
- Contracts
- 306,200
- Choice Hotels Intl
- Type
- Call
- Value
- $20m
- Contracts
- 191,600
- Douglas Emmett
- Type
- Call
- Value
- $19m
- Contracts
- 1,680,000
- Cbre Group
- Type
- Call
- Value
- $19m
- Contracts
- 130,500
- Avalonbay Cmntys
- Type
- Call
- Value
- $17m
- Contracts
- 96,300
- Jones Lang Lasalle
- Type
- Call
- Value
- $16m
- Contracts
- 43,700
- Marriott Intl INC New
- Type
- Put
- Value
- $13m
- Contracts
- 36,000
- Royal Caribbean Group
- Type
- Call
- Value
- $12m
- Contracts
- 38,500
- Costar Group
- Type
- Call
- Value
- $11m
- Contracts
- 369,400
- Travel Plus Leisure
- Type
- Call
- Value
- $10m
- Contracts
- 136,100
- Kilroy Realty
- Type
- Call
- Value
- $9m
- Contracts
- 240,000
- Champion Homes
- Type
- Call
- Value
- $8m
- Contracts
- 91,600
- Compass
- Type
- Call
- Value
- $8m
- Contracts
- 619,700
- UDR
- Type
- Call
- Value
- $7m
- Contracts
- 200,900
- SL Green Rlty
- Type
- Call
- Value
- $7m
- Contracts
- 126,900
- Alexandria Real Estate EQ IN
- Type
- Call
- Value
- $6m
- Contracts
- 120,000
- Host Hotels & Resorts
- Type
- Put
- Value
- $5m
- Contracts
- 239,000
- Equity Residential
- Type
- Call
- Value
- $5m
- Contracts
- 80,900
- Carnival
- Type
- Call
- Value
- $5m
- Contracts
- 175,800
- Copt Defense Properties
- Type
- Call
- Value
- $5m
- Contracts
- 129,000
- Equity Lifestyle Properties
- Type
- Call
- Value
- $4m
- Contracts
- 69,000
- Gaming & Leisure P
- Type
- Call
- Value
- $4m
- Contracts
- 100,000
- Ensign Group
- Type
- Call
- Value
- $4m
- Contracts
- 22,000
- Marriott Vacations Worldwide
- Type
- Call
- Value
- $4m
- Contracts
- 31,000
- Agree Rlty
- Type
- Call
- Value
- $4m
- Contracts
- 48,000
- Federal Rlty Invt TR New
- Type
- Call
- Value
- $3m
- Contracts
- 27,000
- Realty Income
- Type
- Call
- Value
- $3m
- Contracts
- 50,000
- Crown Castle
- Type
- Call
- Value
- $3m
- Contracts
- 41,000
- Rocket COS
- Type
- Call
- Value
- $2m
- Contracts
- 177,100
- Viking Holdings
- Type
- Call
- Value
- $2m
- Contracts
- 16,900
- Brookfield Asset Managmt
- Type
- Call
- Value
- $1m
- Contracts
- 25,000
- Nexpoint Residential TR
- Type
- Call
- Value
- $1m
- Contracts
- 55,500
| Company | Type | Value | Contracts |
|---|---|---|---|
| Essex Ppty TR | Call | $26m | 94,300 |
| Cohen & Steers | Call | $26m | 306,200 |
| Choice Hotels Intl | Call | $20m | 191,600 |
| Douglas Emmett | Call | $19m | 1,680,000 |
| Cbre Group | Call | $19m | 130,500 |
| Avalonbay Cmntys | Call | $17m | 96,300 |
| Jones Lang Lasalle | Call | $16m | 43,700 |
| Marriott Intl INC New | Put | $13m | 36,000 |
| Royal Caribbean Group | Call | $12m | 38,500 |
| Costar Group | Call | $11m | 369,400 |
| Travel Plus Leisure | Call | $10m | 136,100 |
| Kilroy Realty | Call | $9m | 240,000 |
| Champion Homes | Call | $8m | 91,600 |
| Compass | Call | $8m | 619,700 |
| UDR | Call | $7m | 200,900 |
| SL Green Rlty | Call | $7m | 126,900 |
| Alexandria Real Estate EQ IN | Call | $6m | 120,000 |
| Host Hotels & Resorts | Put | $5m | 239,000 |
| Equity Residential | Call | $5m | 80,900 |
| Carnival | Call | $5m | 175,800 |
| Copt Defense Properties | Call | $5m | 129,000 |
| Equity Lifestyle Properties | Call | $4m | 69,000 |
| Gaming & Leisure P | Call | $4m | 100,000 |
| Ensign Group | Call | $4m | 22,000 |
| Marriott Vacations Worldwide | Call | $4m | 31,000 |
| Agree Rlty | Call | $4m | 48,000 |
| Federal Rlty Invt TR New | Call | $3m | 27,000 |
| Realty Income | Call | $3m | 50,000 |
| Crown Castle | Call | $3m | 41,000 |
| Rocket COS | Call | $2m | 177,100 |
| Viking Holdings | Call | $2m | 16,900 |
| Brookfield Asset Managmt | Call | $1m | 25,000 |
| Nexpoint Residential TR | Call | $1m | 55,500 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 51.5% since 30 June 2025.
Where the money is
Real estate69.0%
Financial services12.2%
Retail & consumer10.2%
Health care6.6%
Materials2.1%
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.