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Long Pond Capital, LP

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13F filer, CIK 1499066, New York, NY

Long Pond Capital, LP reported $1,380,520,394 across 28 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 78.62% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-004900

Period
2025-09-30
Reported value
$1.38B
Holdings
28
Top 10 weight
78.62%
New
11
Sold out
12

Largest buys vs the previous quarter

SecurityShares changeApprox. value
JHXnew+7,247,811$139M
IRTadded+6,801,182$111M
CPTadded+922,956$98.6M
COLDnew+7,756,293$94.9M
AMHnew+1,563,780$52M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
WHexited-1,505,781-$122M
BRSLexited-7,566,764-$120M
DHIexited-744,637-$96M
Hreduced-603,633-$85.7M
TOLexited-641,844-$73.3M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001172661-25-004900, largest first. % of portfolio is the value over $1,380,520,394, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CPTCAMDEN PPTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,019,101 shares; 2024Q4: 1,144,520 shares; 2025Q1: 330,330 shares; 2025Q2: 1,022,742 shares; 2025Q3: 1,945,698 shares 1,945,698$208M15.05%+922,956Timeline
IRTINDEPENDENCE RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,498,043 shares; 2024Q4: 8,505,173 shares; 2025Q1: 827,812 shares; 2025Q2: 5,500,502 shares; 2025Q3: 12,301,684 shares 12,301,684$202M14.6%+6,801,182Timeline
JHXJAMES HARDIE INDS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 7,247,811 shares 7,247,811$139M10.09%newTimeline
NSANATIONAL STORAGE AFFILIATESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,065,015 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,498,789 shares; 2025Q3: 3,846,289 shares 3,846,289$116M8.42%+1,347,500Timeline
COLDAMERICOLD REALTY TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,071,821 shares; 2024Q4: 2,071,821 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 7,756,293 shares 7,756,293$94.9M6.88%newTimeline
TMHCTAYLOR MORRISON HOME CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 671,970 shares; 2025Q2: 1,561,586 shares; 2025Q3: 1,379,577 shares 1,379,577$91.1M6.6%-182,009Timeline
JBGSJBG SMITH PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,409,668 shares; 2024Q4: 6,335,832 shares; 2025Q1: 3,603,883 shares; 2025Q2: 3,834,033 shares; 2025Q3: 3,228,894 shares 3,228,894$71.8M5.2%-605,139Timeline
TRTXTPG RE FIN TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,364,826 shares; 2024Q4: 7,303,626 shares; 2025Q1: 7,303,626 shares; 2025Q2: 7,303,626 shares; 2025Q3: 6,898,626 shares 6,898,626$59.1M4.28%-405,000Timeline
AMHAMERICAN HOMES 4 RENTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,563,780 shares 1,563,780$52M3.77%newTimeline
INNSUMMIT HOTEL PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 9,400,000 shares; 2025Q3: 9,400,000 shares 9,400,000$51.6M3.74%0Timeline
HHYATT HOTELS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,566,714 shares; 2025Q2: 921,222 shares; 2025Q3: 317,589 shares 317,589$45.1M3.27%-603,633Timeline
LXPLXP INDUSTRIAL TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 150,000 shares; 2025Q3: 3,800,000 shares 3,800,000$34M2.47%+3,650,000Timeline
MHOM/I HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 122,140 shares; 2025Q3: 227,597 shares 227,597$32.9M2.38%+105,457Timeline
HGVHILTON GRAND VACATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,670,743 shares; 2024Q4: 1,385,255 shares; 2025Q1: 1,829,495 shares; 2025Q2: 1,310,726 shares; 2025Q3: 648,021 shares 648,021$27.1M1.96%-662,705Timeline
CZRCAESARS ENTERTAINMENT INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 442,295 shares; 2025Q1: 681,189 shares; 2025Q2: 90,773 shares; 2025Q3: 959,175 shares 959,175$25.9M1.88%+868,402Timeline
ELSEQUITY LIFESTYLE PROPERTIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 354,911 shares 354,911$21.5M1.56%newTimeline
KREFKKR REAL ESTATE FIN TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,321,672 shares 2,321,672$20.9M1.51%newTimeline
NXRTNEXPOINT RESIDENTIAL TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 284,886 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 544,089 shares 544,089$17.5M1.27%newTimeline
CSRCENTERSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 213,463 shares 213,463$12.6M0.91%newTimeline
COMPCOMPASS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,550,000 shares 1,550,000$12.4M0.9%newTimeline
PLYMPLYMOUTH INDUSTRIAL REIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 492,468 shares 492,468$11M0.8%newTimeline
MAAMID-AMER APT CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 717,077 shares; 2024Q4: 685,611 shares; 2025Q1: 93,529 shares; 2025Q2: 94,417 shares; 2025Q3: 67,543 shares 67,543$9.44M0.68%-26,874Timeline
SMRTSMARTRENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,066,093 shares; 2024Q4: 10,066,093 shares; 2025Q1: 10,066,093 shares; 2025Q2: 10,066,093 shares; 2025Q3: 6,066,093 shares 6,066,093$8.55M0.62%-4,000,000Timeline
FUNSIX FLAGS ENTERTAINMENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,448,383 shares; 2024Q4: not reported; 2025Q1: 2,124,559 shares; 2025Q2: 3,296,660 shares; 2025Q3: 290,000 shares 290,000$6.59M0.48%-3,006,660Timeline
SHOSUNSTONE HOTEL INVS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 485,237 shares 485,237$4.55M0.33%newTimeline
MTHMERITAGE HOMES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 97,256 shares; 2024Q4: 162,557 shares; 2025Q1: 1,125,995 shares; 2025Q2: 278,334 shares; 2025Q3: 46,500 shares 46,500$3.37M0.24%-231,834Timeline
VMRKVIVMARK RESIDENTIALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 20,037 shares 20,037$1.3M0.09%newTimeline
PLDPROLOGIS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 34,550 shares; 2025Q3: 3,316 shares 3,316$380K0.03%-31,234Timeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
WHWYNDHAM HOTELS & RESORTS INC1,505,781$122Mshares
BRSLBRIGHTSTAR LOTTERY PLC7,566,764$120Mshares
DHID R HORTON INC744,637$96Mshares
TOLTOLL BROTHERS INC641,844$73.3Mshares
JLLJONES LANG LASALLE INC200,837$51.4Mshares
RRRRED ROCK RESORTS INC902,644$47Mshares
SPGSIMON PPTY GROUP INC NEW208,500$33.5Mshares
BRSLBRIGHTSTAR LOTTERY PLC2,000,000$31.6Mcall
KRCKILROY REALTY CORP785,140$26.9Mshares
AIVAPARTMENT INVT & MGMT CO1,697,757$14.7Mshares
PGREPARAMOUNT GROUP INC2,282,871$13.9Mshares
DBRGDIGITALBRIDGE GROUP INC1,328,167$13.7Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-25-004900 base2025-11-14acceptance time not in the bulk data set