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Long Pond Capital, LP

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13F filer, CIK 1499066, New York, NY

Long Pond Capital, LP reported $851,193,431 across 30 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 62.76% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-000802

Period
2025-12-31
Reported value
$851M
Holdings
30
Top 10 weight
62.76%
New
11
Sold out
9

Largest buys vs the previous quarter

SecurityShares changeApprox. value
GLPInew+993,810$44.4M
PLDadded+346,684$44.3M
COMPadded+3,450,000$36.5M
PRKSnew+855,000$31M
WHnew+337,800$25.5M

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
CPTreduced-1,892,019-$208M
IRTreduced-11,301,106-$198M
JHXexited-7,247,811-$139M
TMHCexited-1,379,577-$91.1M
AMHexited-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.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001172661-26-000802, largest first. % of portfolio is the value over $851,193,431, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
COLDAMERICOLD REALTY TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 5,824,989 shares 5,824,989$74.9M8.8%-1,931,304Timeline
NSANATIONAL STORAGE AFFILIATESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 2,591,313 shares 2,591,313$73.1M8.59%-1,254,976Timeline
JBGSJBG SMITH PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 4,147,399 shares 4,147,399$70.5M8.29%+918,505Timeline
TRTXTPG RE FIN TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 7,032,626 shares 7,032,626$60.6M7.11%+134,000Timeline
COMPCOMPASS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,550,000 shares; 2025Q4: 5,000,000 shares 5,000,000$52.9M6.21%+3,450,000Timeline
INNSUMMIT HOTEL PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 9,400,000 shares; 2025Q3: 9,400,000 shares; 2025Q4: 9,400,000 shares 9,400,000$45.8M5.38%0Timeline
PLDPROLOGIS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 34,550 shares; 2025Q3: 3,316 shares; 2025Q4: 350,000 shares 350,000$44.7M5.25%+346,684Timeline
GLPIGAMING & LEISURE PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 993,810 shares 993,810$44.4M5.22%newTimeline
CZRCAESARS ENTERTAINMENT INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 442,295 shares; 2025Q1: 681,189 shares; 2025Q2: 90,773 shares; 2025Q3: 959,175 shares; 2025Q4: 1,479,336 shares 1,479,336$34.6M4.07%+520,161Timeline
HGVHILTON GRAND VACATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 732,021 shares 732,021$32.8M3.85%+84,000Timeline
HHYATT HOTELS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,566,714 shares; 2025Q2: 921,222 shares; 2025Q3: 317,589 shares; 2025Q4: 203,489 shares 203,489$32.6M3.83%-114,100Timeline
PRKSUNITED PARKS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 855,000 shares 855,000$31M3.65%newTimeline
CSRCENTERSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 213,463 shares; 2025Q4: 444,101 shares 444,101$29.6M3.48%+230,638Timeline
WHWYNDHAM HOTELS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 272,363 shares; 2024Q4: not reported; 2025Q1: 233,153 shares; 2025Q2: 1,505,781 shares; 2025Q3: not reported; 2025Q4: 337,800 shares 337,800$25.5M3%newTimeline
AVBAVALONBAY CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 140,000 shares 140,000$25.4M2.98%newTimeline
NXRTNEXPOINT RESIDENTIAL TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 284,886 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 544,089 shares; 2025Q4: 842,870 shares 842,870$25.4M2.98%+298,781Timeline
AREALEXANDRIA REAL ESTATE EQ INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 479,200 shares 479,200$23.5M2.76%newTimeline
IRTINDEPENDENCE RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,000,578 shares 1,000,578$17.5M2.05%-11,301,106Timeline
TREXTREX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 484,286 shares 484,286$17M2%newTimeline
SAFESAFEHOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,736,725 shares; 2024Q4: 765,465 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 944,939 shares 944,939$12.9M1.52%newTimeline
KREFKKR REAL ESTATE FIN TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,321,672 shares; 2025Q4: 1,563,088 shares 1,563,088$12.8M1.51%-758,584Timeline
CUBECUBESMARTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,108,821 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 346,928 shares 346,928$12.5M1.47%newTimeline
SMRTSMARTRENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 5,610,150 shares 5,610,150$11.3M1.33%-455,943Timeline
MHOM/I HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 122,140 shares; 2025Q3: 227,597 shares; 2025Q4: 71,096 shares 71,096$9.1M1.07%-156,501Timeline
LINELINEAGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 184,158 shares 184,158$6.45M0.76%newTimeline
SLGSL GREEN RLTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 138,230 shares 138,230$6.34M0.74%newTimeline
CPTCAMDEN PPTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 53,679 shares 53,679$5.91M0.69%-1,892,019Timeline
MAAMID-AMER APT CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 717,077 shares; 2024Q4: 685,611 shares; 2025Q1: 93,529 shares; 2025Q2: 94,417 shares; 2025Q3: 67,543 shares; 2025Q4: 39,723 shares 39,723$5.52M0.65%-27,820Timeline
SHOSUNSTONE HOTEL INVS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 485,237 shares; 2025Q4: 485,237 shares 485,237$4.34M0.51%0Timeline
VREVERIS RESIDENTIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 150,000 shares 150,000$2.23M0.26%newTimeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
JHXJAMES HARDIE INDS PLC7,247,811$139Mshares
TMHCTAYLOR MORRISON HOME CORP1,379,577$91.1Mshares
AMHAMERICAN HOMES 4 RENT1,563,780$52Mshares
LXPLXP INDUSTRIAL TRUST3,800,000$34Mshares
ELSEQUITY LIFESTYLE PROPERTIES354,911$21.5Mshares
PLYMPLYMOUTH INDUSTRIAL REIT INC492,468$11Mshares
FUNSIX FLAGS ENTERTAINMENT CORP290,000$6.59Mshares
MTHMERITAGE HOMES CORP46,500$3.37Mshares
VMRKVIVMARK RESIDENTIAL20,037$1.3Mshares

How Q4 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 0001172661-26-000802 base2026-02-13acceptance time not in the bulk data set