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Masterton Capital Management, LP

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13F filer, CIK 1817145, NEW YORK, NY

Masterton Capital Management, LP reported $182,410,232 across 21 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 71.68% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001892688-25-000200

Period
2025-09-30
Reported value
$182M
Holdings
21
Top 10 weight
71.68%
New
10
Sold out
9

Largest buys vs the previous quarter

SecurityShares changeApprox. value
PSAnew+54,842$15.8M
BURLnew+47,282$12M
VMRKadded+185,037$12M
EXRnew+55,100$7.77M
MCDnew+24,300$7.38M

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
PFGCreduced-338,613-$35.2M
AZEK CO INCexited-57,800-$16.4M
FRTreduced-151,867-$15.4M
DKSexited-40,142-$11.8M
BXPreduced-146,517-$10.9M

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 0001892688-25-000200, largest first. % of portfolio is the value over $182,410,232, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
FRTFEDERAL RLTY INVT TR NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 125,853 shares; 2024Q4: 155,953 shares; 2025Q1: 28,700 shares; 2025Q2: 397,513 shares; 2025Q3: 245,646 shares 245,646$24.9M13.64%-151,867Timeline
VMRKVIVMARK RESIDENTIALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,900 shares; 2024Q4: 134,300 shares; 2025Q1: 20,924 shares; 2025Q2: 121,787 shares; 2025Q3: 306,824 shares 306,824$19.9M10.89%+185,037Timeline
PSAPUBLIC STORAGEQuarterly 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: 54,842 shares 54,842$15.8M8.68%newTimeline
INVHINVITATION HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 244,970 shares; 2024Q4: 269,479 shares; 2025Q1: 23,000 shares; 2025Q2: 247,279 shares; 2025Q3: 435,579 shares 435,579$12.8M7%+188,300Timeline
AMHAMERICAN HOMES 4 RENTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 78,434 shares; 2024Q4: 321,982 shares; 2025Q1: 204,754 shares; 2025Q2: 306,824 shares; 2025Q3: 368,415 shares 368,415$12.2M6.72%+61,591Timeline
BURLBURLINGTON STORES 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: 47,282 shares 47,282$12M6.6%newTimeline
PFGCPERFORMANCE FOOD GROUP COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 54,086 shares; 2024Q4: 85,586 shares; 2025Q1: 260,413 shares; 2025Q2: 430,200 shares; 2025Q3: 91,587 shares 91,587$9.53M5.22%-338,613Timeline
TREXTREX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 99,200 shares; 2024Q4: 73,083 shares; 2025Q1: 143,117 shares; 2025Q2: 80,817 shares; 2025Q3: 155,211 shares 155,211$8.02M4.4%+74,394Timeline
PLDPROLOGIS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,700 shares; 2024Q4: 41,151 shares; 2025Q1: 172,487 shares; 2025Q2: 160,600 shares; 2025Q3: 68,100 shares 68,100$7.8M4.28%-92,500Timeline
EXREXTRA SPACE STORAGE 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: 55,100 shares 55,100$7.77M4.26%newTimeline
MCDMCDONALDS 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: not reported; 2025Q2: not reported; 2025Q3: 24,300 shares 24,300$7.38M4.05%newTimeline
TRNOTERRENO RLTY 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: not reported; 2025Q2: not reported; 2025Q3: 125,800 shares 125,800$7.14M3.91%newTimeline
KIMKIMCO REALTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 228,613 shares; 2025Q1: 164,446 shares; 2025Q2: 56,463 shares; 2025Q3: 285,213 shares 285,213$6.23M3.42%+228,750Timeline
SKTTANGER 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: 160,600 shares 160,600$5.43M2.98%newTimeline
BXPBXP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 86,000 shares; 2024Q4: 121,000 shares; 2025Q1: 60,000 shares; 2025Q2: 219,017 shares; 2025Q3: 72,500 shares 72,500$5.39M2.95%-146,517Timeline
APLEAPPLE HOSPITALITY REIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 402,026 shares; 2024Q4: 402,026 shares; 2025Q1: 697,626 shares; 2025Q2: 194,046 shares; 2025Q3: 431,200 shares 431,200$5.18M2.84%+237,154Timeline
ROSTROSS STORES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,600 shares; 2024Q4: 56,484 shares; 2025Q1: 91,084 shares; 2025Q2: 48,900 shares; 2025Q3: 27,732 shares 27,732$4.23M2.32%-21,168Timeline
CHEFCHEFS WHSE 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: 69,900 shares 69,900$4.08M2.24%newTimeline
VICIVICI PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 417,294 shares; 2024Q4: 557,225 shares; 2025Q1: 59,617 shares; 2025Q2: not reported; 2025Q3: 80,817 shares 80,817$2.64M1.44%newTimeline
AVBAVALONBAY CMNTYS 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: 12,600 shares 12,600$2.43M1.33%newTimeline
DHID R HORTON 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: 8,963 shares 8,963$1.52M0.83%newTimeline

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
AZEK CO INCAZEK CO INC57,800$16.4Mshares
DKSDICKS SPORTING GOODS INC40,142$11.8Mshares
ESSESSEX PPTY TR INC42,771$9.95Mshares
LPXLOUISIANA PAC CORP46,700$6.89Mshares
NNNNNN REIT INC80,600$5.44Mshares
REGREGENCY CTRS CORP35,684$4.55Mshares
REXRREXFORD INDL RLTY INC33,700$4.16Mshares
RLJRLJ LODGING TR106,300$2.86Mshares
SHWSHERWIN WILLIAMS CO74,415$2.68Mshares

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 0001892688-25-000200 base2025-11-14acceptance time not in the bulk data set