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Livermore
Livermore
ZHEN

Long Pond Capital, LP

SEC CIK
0001499066
Latest filing
Aug 13, 2026

The latest 13F from Long Pond Capital, LP covers Q2 2026 (filed Aug 13, 2026): 30 long positions worth $953.9M. The top 10 holdings make up 69.3% of the portfolio, and the largest is Sba Communications Corp (SBAC) at 16.6%. Livermore has 24 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
10
Est. +$294.8M
Added
6
Est. +$77.6M
Reduced
10
Est. −$264.6M
Sold out
12
Est. −$251.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. SBACSba Communications Corp
    16.6%$158.6MHistory
  2. IRTIndependence Realty Trust, Inc.
    9.0%$85.6MHistory
  3. JANJanus Living, Inc.
    7.7%$73.8MHistory
  4. HGVHilton Grand Vacations Inc.
    6.5%$62.1MHistory
  5. JBGSJBG Smith Properties
    6.2%$59.0MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. SBACSba Communications Corp
    +$158.6MNewHistory
  2. HGVHilton Grand Vacations Inc.
    +$36.7MAddedHistory
  3. CHDNChurchill Downs Inc
    +$35.7MNewHistory
  4. COMPCompass, Inc.
    +$29.3MAddedHistory
  5. FERGFerguson Enterprises Inc.
    +$24.6MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. SBACSba Communications Corp
    +16.63 pp0.0% → 16.6%History
  2. HGVHilton Grand Vacations Inc.
    +4.57 pp1.9% → 6.5%History
  3. CHDNChurchill Downs Inc
    +3.74 pp0.0% → 3.7%History
  4. COMPCompass, Inc.
    +3.74 pp0.9% → 4.6%History
  5. FERGFerguson Enterprises Inc.
    +2.58 pp0.0% → 2.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. WHWyndham Hotels & Resorts, Inc.
    −$56.6MReducedHistory
  2. DOCHealthpeak Properties, Inc.
    −$47.8MReducedHistory
  3. PRKSUnited Parks & Resorts Inc.
    −$43.1MReducedHistory
  4. INNSummit Hotel Properties, Inc.
    −$41.5MSold outHistory
  5. NCLHNorwegian Cruise Line Holdings Ltd.
    −$32.4MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. WHWyndham Hotels & Resorts, Inc.
    −5.56 pp5.8% → 0.3%History
  2. INNSummit Hotel Properties, Inc.
    −4.25 pp4.2% → 0.0%History
  3. DOCHealthpeak Properties, Inc.
    −3.61 pp4.2% → 0.6%History
  4. NCLHNorwegian Cruise Line Holdings Ltd.
    −3.31 pp3.3% → 0.0%History
  5. HHyatt Hotels Corp
    −3.29 pp3.3% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$953.9M
−$24.2M (−2.5%) vs. prior quarter
Positions
30
−2 vs. prior quarter
Top 10 concentration
69.3%
Top 10 as share of value
Turnover
38.6%
Q2 2026, one quarter
Average holding period
7.1 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.93B (Q1 2021)

Q1 2021: $2.93BQ2 2021: $2.63BQ3 2021: $2.53BQ4 2021: $2.51BQ1 2022: $2.22BQ2 2022: $1.96BQ3 2022: $1.68BQ4 2022: $1.63BQ1 2023: $1.86BQ2 2023: $1.70BQ3 2023: $1.51BQ4 2023: $1.24BQ1 2024: $1.74BQ2 2024: $1.85BQ3 2024: $2.23BQ4 2024: $1.90BQ1 2025: $1.51BQ2 2025: $1.52BQ3 2025: $1.38BQ4 2025: $851.2MQ1 2026: $978.1MQ2 2026: $953.9M
Q1 2021Q2 2026
13F filings of Long Pond Capital, LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 202630$953.9MSBACIRTJANvs. Q1 2026SEC
Q1 2026May 14, 202632$978.1MIRTJANJBGSvs. Q4 2025SEC
Q4 2025Feb 13, 202630$851.2MCOLDNSAJBGSvs. Q3 2025SEC
Q3 2025Nov 14, 202528$1.38BCPTIRTJHXvs. Q2 2025SEC
Q2 2025Aug 13, 202528$1.52BHWHBRSLvs. Q1 2025SEC
Q1 2025May 14, 202533$1.51BHTOLDHIvs. Q4 2024SEC
Q4 2024Feb 13, 202526$1.90BADCIRTDHIvs. Q3 2024SEC
Q3 2024Nov 13, 202438$2.23BADCDHIIRTvs. Q2 2024SEC
Q2 2024Aug 14, 202435$1.85BDHIIRTADCvs. Q1 2024SEC
Q1 2024May 15, 202434$1.74BIRTADCCPTvs. Q4 2023SEC
Q4 2023Feb 14, 202431$1.24BCPTJBGSMAAvs. Q3 2023SEC
Q3 2023Nov 14, 202326$1.51BCPTEXRIRTvs. Q2 2023SEC
Q2 2023Aug 14, 202329$1.70BCPTSRCCBREvs. Q1 2023SEC
Q1 2023May 15, 202339$1.86BCPTSRCJBGSvs. Q4 2022SEC
Q4 2022Feb 14, 202338$1.63BJBGSAVBCPTvs. Q3 2022SEC
Q3 2022Nov 14, 202232$1.68BIRTJBGSDHIvs. Q2 2022SEC
Q2 2022Aug 12, 202239$1.96BJBGSDHIHLTvs. Q1 2022SEC
Q1 2022May 16, 202232$2.22BJBGSDHIIRTvs. Q4 2021SEC
Q4 2021Feb 14, 202240$2.51BVICIAMHJBGSvs. Q3 2021SEC
Q3 2021Nov 15, 202135$2.53BVICISRCVMRKvs. Q2 2021SEC
Q2 2021Aug 16, 2021Amended39$2.63BLVSVMRKMSGSvs. Q1 2021SEC
Q1 2021May 17, 202138$2.93BAMHSUICPT–SEC

13D and 13G filings

Companies where Long Pond Capital, LP reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

4 companies, largest stake first.

Companies where Long Pond Capital, LP owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
TRTXTPG RE Finance Trust, Inc.13G9.02%7.30M sharesNewFeb 13, 20251 filingFeb 13, 2025SEC
KREFKKR Real Estate Finance Trust Inc.13G8.92%5.73M sharesNewMay 14, 20261 filingMay 14, 2026SEC
JBGSJBG Smith Properties13G/A7.01%4.15M shares+1.72 ppfrom 5.29%Feb 13, 20236 filingsFeb 17, 2026SEC
PGREParamount Group, Inc.13G5.35%11.7M sharesNewMay 14, 20251 filingMay 14, 2025SEC

Latest filings

34 filings on file made by Long Pond Capital, LP or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Long Pond Capital, LP
CompanyFiled (ET)FormStakeChangeEvent dateFiling
INNSummit Hotel Properties, Inc.Aug 13, 20265:02 PM ET13G/A0.00%0 shares−8.38 ppfrom 8.38%Below 5%Jun 30, 2026SEC
NSANational Storage Affiliates TrustAug 13, 20265:02 PM ET13G/A0.00%0 shares−5.01 ppfrom 5.01%Below 5%Jun 30, 2026SEC
SMRTSmartRent, Inc.Aug 13, 20265:01 PM ET13G/A2.91%5.61M shares−2.32 ppfrom 5.23%Below 5%Jun 30, 2026SEC
IRTIndependence Realty Trust, Inc.Aug 13, 20265:00 PM ET13G/A2.18%5.13M shares−3.08 ppfrom 5.26%Below 5%Jun 30, 2026SEC
KREFKKR Real Estate Finance Trust Inc.May 14, 20265:00 PM ET13G8.92%5.73M sharesNewMar 31, 2026SEC
JBGSJBG Smith PropertiesFeb 17, 20263:55 PM ET13G/A7.01%4.15M shares+1.72 ppfrom 5.29%Dec 31, 2025SEC
NSANational Storage Affiliates TrustNov 14, 202511:33 AM ET13G5.01%3.85M sharesNewSep 30, 2025SEC
IRTIndependence Realty Trust, Inc.Nov 14, 202511:31 AM ET13G5.26%12.3M sharesNewSep 30, 2025SEC
JBGSJBG Smith PropertiesAug 13, 20255:10 PM ET13G5.29%3.87M shares+0.90 ppfrom 4.39%Jun 30, 2025SEC
INNSummit Hotel Properties, Inc.Aug 13, 20255:08 PM ET13G8.38%9.40M sharesNewJun 30, 2025SEC
PLYAPlaya Hotels & Resorts N.V.May 14, 20255:52 PM ET13G/A2.94%3.76M shares−3.59 ppfrom 6.53%Below 5%Mar 31, 2025SEC
PGREParamount Group, Inc.May 14, 20255:50 PM ET13G5.35%11.7M sharesNewMar 31, 2025SEC
NLOPNet Lease Office PropertiesMay 14, 20255:48 PM ET13G/A0.00%0 shares–Below 5%Mar 31, 2025SEC
JBGSJBG Smith PropertiesMay 14, 20255:46 PM ET13G/A4.39%3.60M shares–Below 5%Mar 31, 2025SEC
TRTXTPG RE Finance Trust, Inc.Feb 13, 20255:02 PM ET13G9.02%7.30M sharesNewDec 31, 2024SEC
SMRTSmartRent, Inc.Feb 13, 20255:02 PM ET13G5.23%10.1M sharesNewDec 31, 2024SEC
PLYAPlaya Hotels & Resorts N.V.Feb 13, 20255:00 PM ET13G/A6.53%7.94M shares–Dec 31, 2024SEC
PLYAPlaya Hotels & Resorts N.V.Nov 13, 202413GOld format–New–SEC
NLOPNet Lease Office PropertiesNov 13, 202413G/AOld format–––SEC
JBGSJBG Smith PropertiesNov 13, 202413G/AOld format–––SEC