Starwood Real Estate Securities, LLC
Follow13F filer, CIK 1387005, GREENWICH, CT
Starwood Real Estate Securities, LLC reported $688,405,000 across 21 holdings for the quarter ended 2013-12-31, in a 13F-HR filed 2014-02-14. Its ten largest share positions make up 69.32% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001140361-14-007682
- Period
- 2013-12-31
- Reported value
- $688M
- Holdings
- 21
- Top 10 weight
- 69.32%
- New
- 6
- Sold out
- 9
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| RETAIL OPPORTUNITY INVESTME…new | +1,594,722 | $23.5M |
| HSTnew | +1,018,100 | $19.8M |
| HOWARD HUGHES CORPORATIONadded | +161,286 | $19.4M |
| ESRTnew | +1,235,100 | $18.9M |
| BROOKFIELD OFFICE PPTYS INCadded | +914,200 | $17.6M |
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
| Security | Shares change | Approx. value |
|---|---|---|
| VMRKexited | -624,350 | -$33.4M |
| AMERICAN CAMPUS COMMUNITIESexited | -824,634 | -$28.2M |
| DDR CORPexited | -1,317,500 | -$20.7M |
| BXMTexited | -710,350 | -$17.9M |
| ELSreduced | -397,074 | -$14.4M |
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 2013
Share positions as resolved from 13F-HR 0001140361-14-007682, largest first. % of portfolio is the value over $625,325,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| BROOKFIELD OFFICE PPTYS INCBROOKFIELD OFFICE PPTYS INC | 3,544,950 | $68.2M | 10.91% | +914,200 | |||
| POST PPTYS INCPOST PPTYS INC | 1,300,000 | $58.8M | 9.4% | +44,288 | |||
| HOWARD HUGHES CORPORATIONHOWARD HUGHES CORPORATION | 385,000 | $46.2M | 7.39% | +161,286 | |||
| AVBAVALONBAY CMNTYS INC | 383,202 | $45.3M | 7.25% | +120,802 | Timeline | ||
| RLJRLJ LODGING TR | 1,700,000 | $41.3M | 6.61% | +410,248 | Timeline | ||
| PARKWAY PPTYS INCPARKWAY PPTYS INC | 2,000,000 | $38.6M | 6.17% | +586,289 | |||
| HPPHUDSON PAC PPTYS INC | 1,670,570 | $36.5M | 5.84% | +22,229 | Timeline | ||
| GENERAL GROWTH PPTYS INC NEWGENERAL GROWTH PPTYS INC NEW | 1,716,500 | $34.5M | 5.51% | +251,150 | |||
| AREALEXANDRIA REAL ESTATE EQ IN | 503,840 | $32.1M | 5.13% | -150,310 | Timeline | ||
| BRE PROPERTIES INCBRE PROPERTIES INC | 583,919 | $31.9M | 5.11% | -6,128 | |||
| BROOKFIELD RESIDENTIAL PPTYSBROOKFIELD RESIDENTIAL PPTYS | 1,154,134 | $27.9M | 4.46% | +46,263 | |||
| ELSEQUITY LIFESTYLE PROPERTIES | 748,110 | $27.1M | 4.33% | -397,074 | Timeline | ||
| RETAIL OPPORTUNITY INVESTME…RETAIL OPPORTUNITY INVESTMENTS | 1,594,722 | $23.5M | 3.75% | new | |||
| FOREST CITY ENTERPRISES INCFOREST CITY ENTERPRISES INC | 1,208,792 | $23.1M | 3.69% | -264,983 | |||
| HSTHOST HOTELS & RESORTS INC | 1,018,100 | $19.8M | 3.17% | new | Timeline | ||
| ESRTEMPIRE ST RLTY TR INC | 1,235,100 | $18.9M | 3.02% | new | Timeline | ||
| SPIRIT RLTY CAP INC NEWSPIRIT RLTY CAP INC NEW | 1,847,410 | $18.2M | 2.9% | +204,174 | |||
| LENLENNAR CORP | 299,400 | $11.8M | 1.89% | new | Timeline | ||
| EDUCATION RLTY TR INCEDUCATION RLTY TR INC | 1,338,587 | $11.8M | 1.89% | -556,328 | |||
| AMHAMERICAN HOMES 4 RENT | 601,700 | $9.75M | 1.56% | new | Timeline |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| IYRISHARES TR U.S. REAL ES ETF | call | 1,000,000 | $63.1M | new |
Sold out in Q4 2013
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| VMRKVIVMARK RESIDENTIAL | 624,350 | $33.4M | shares |
| AMERICAN CAMPUS COMMUNITIESAMERICAN CAMPUS COMMUNITIES | 824,634 | $28.2M | shares |
| DDR CORPDDR CORP | 1,317,500 | $20.7M | shares |
| BXMTBLACKSTONE MORTGAGE TRUST IN | 710,350 | $17.9M | shares |
| LASALLE HOTEL PROPERTIESLASALLE HOTEL PROPERTIES | 449,404 | $12.8M | shares |
| CBL & ASSOCIATES PROPERTIES…CBL & ASSOCIATES PROPERTIES IN | 487,100 | $9.3M | shares |
| TWO HARBORS INVESTMENT CORPTWO HARBORS INVESTMENT CORP | 754,650 | $7.33M | shares |
| WCI CMNTYS INCWCI CMNTYS INC | 326,400 | $5.63M | shares |
| CLDTCHATHAM LODGING TR | 150,000 | $2.68M | shares |
How Q4 2013 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).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001140361-14-007682 | base | 2014-02-14 | acceptance time not in the bulk data set |