Sophron Capital Management L.P.
SUMMIT, NJ
$323m in 43 US stocks at the end of 30 June 2026. The top 10 are 45.5% of the money. It changed about 27.7% of the portfolio this quarter.
Value
$323m
Stocks
43
Top 10 share
45.5%
Turnover
27.7%
What changed this quarter
New
Bought for the first time this quarter.
- PultegroupPHM3.0% of the fund
- Regency CentersREG2.6% of the fund
- Sunstone Hotel InvestorsSHO1.9% of the fund
- PrologisPLD1.8% of the fund
- Essential Properties Realty TrustEPRT0.9% of the fund
- Marriott InternationalMAR0.5% of the fund
- EquinixEQIX0.2% of the fund
- Curbline PropertiesCURB<0.1% of the fund
Added
Bought more of a stock they already held.
- Agree RealtyADC7.8% of the fund+32%
- Host Hotels & ResortsHST6.3% of the fund+141%
- Equity Lifestyle PropertiesELS4.0% of the fund+38%
- Rexford Industrial RealtyREXR4.0% of the fund+8%
- Vici PropertiesVICI3.2% of the fund+45%
- Wyndham Hotels & ResortsWH2.8% of the fund+28%
- Digital Realty TrustDLR2.5% of the fund+49%
- Independence Realty TrustIRT2.2% of the fund+103%
- National Health InvestorsNHI1.7% of the fund+100%
- Sun CommunitiesSUI1.6% of the fund+205%
- Crown CastleCCI1.5% of the fund+30%
- American TowerAMT1.3% of the fund+16%
- STAG IndustrialSTAG1.2% of the fund+494%
Cut
Sold some of their stake.
- LennarLEN4.8% of the fund-17%
- Avalonbay CommunitiesAVB4.4% of the fund-37%
- Four Corners Property TrustFCPT4.1% of the fund-9%
- Gaming & Leisure PropertiesGLPI3.7% of the fund-7%
- Essex Property TrustESS3.3% of the fund-54%
- Phillips Edison & CompanyPECO3.2% of the fund-34%
- DiamondRock HospitalityDRH3.1% of the fund-3%
- American Homes 4 RentAMH2.9% of the fund-30%
- Choice Hotels InternationalCHH2.9% of the fund-30%
- Vivmark ResidentialVMRK2.8% of the fund-48%
- UDRUDR2.6% of the fund-45%
- CubeSmartCUBE2.3% of the fund-26%
- Ryman Hospitality PropertiesRHP1.8% of the fund-63%
- SBA CommunicationsSBAC1.2% of the fund-57%
- Invitation HomesINVH1.2% of the fund-60%
- Eastgroup PropertiesEGP1.0% of the fund-62%
- Public StoragePSA0.9% of the fund-67%
- Janus LivingJAN0.8% of the fund-16%
- Extra Space StorageEXR0.7% of the fund-52%
- Healthpeak PropertiesDOC0.6% of the fund-61%
- NNN ReitNNN0.5% of the fund-72%
- LXP Industrial TrustLXP0.3% of the fund-87%
Sold out
Sold their entire stake.
- Meritage HomesMTH-100%
- Broadstone Net LeaseBNL-100%
- Federal Realty Investment TrustFRT-100%
- Sila Realty Trust-100%
- Highwoods PropertiesHIW-100%
- Apollo Commercial Real Estate FinanceARI-100%
Holdings
- Avalonbay CommunitiesAVB
- Share
- 4.4%
- Value
- $14m
- Shares
- 74,987
-37%
- Janus LivingJAN
- Share
- 0.8%
- Value
- $2m
- Shares
- 84,450
-16%
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 1.2% since 30 June 2025.
Where the money is
Real estate84.1%
Retail & consumer15.9%
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.