A Look at LDR Capital Management LLC: Q3 vs. Q4 13F Holdings Comparison

Investing in the stock market can be both thrilling and unpredictable. The high stakes game of buying and selling stocks can be incredibly rewarding, but it can also be challenging to keep up with the changes in the industry. That's where quarterly 13F filings come in. In this article, we will explore the 13F holdings comparison of LDR Capital Management LLC.

For those unfamiliar with what a 13F is, it's a quarterly SEC filing required of institutional investment managers with over $100 million in assets under management. The filing discloses their holdings of publicly traded companies, providing valuable insight for investors looking to follow the same trail.

LDR Capital Management LLC is a relatively small investment management firm with $32 million in assets under management, as per their most recent SEC filing. However, this shouldn't put off investors as LDR Capital Management LLC’s latest 13F filings highlight some very interesting investment moves.

Let's dive into the comparison of LDR Capital Management LLC's Q3 2022 vs. Q4 2022 13F holdings:

Bigger Bet on Blackstone Mortgage Trust

LDR Capital Management LLC increased their holding of Blackstone Mortgage Trust (BXMT) from 1,880,855 shares in Q3 2022 to 1,971,714 shares in Q4 2022. The value of the shares has decreased, but the increase in shares shows a confidence in the company. BXMT primarily invests in senior loans collateralized by commercial real estate properties and has historically provided a steady stream of dividends.

Divesting from SL Green Realty Corp

LDR Capital Management LLC's biggest decrease in holding ratios was reported for SL Green Realty Corp (SLG). The firm held 635,109 shares, with a value of $25,505,000, during Q3 2022, which decreased to 651,309 shares, with a value of $21,962,000, during Q4 2022. SL Green is a fully integrated real estate investment trust (REIT) that focused on both commercial and residential properties in New York City. LDR Capital Management LLC's lower investment in SLG shows that they may not be too positive about the performance of the company in the coming months.

Increased Holding in RPT Realty

In Q3 2022, LDR Capital Management LLC held 295,258 shares in RPT Realty, but come Q4 2022, the number of shares had increased to 308,467. This increase in holdings indicates a positive sentiment towards RPT Realty, which is a REIT that specializes in retail, hospitality, and mixed-use properties. The company has been undergoing a restructuring process to move towards a focus on higher-quality, open-air centers with strong tenant covenants and increased anchor locations.

Biggest Percentage Change - Spirit Realty Capital Inc

The biggest percentage change in LDR Capital Management LLC's holdings ratios occurred with Spirit Realty Capital, Inc. (SRC). The firm increased its holdings significantly from 37,893 shares, valued at $1,370,000 in Q3 2022, to 121,897 shares, valued at $4,867,000 in Q4 2022 - a staggering change of 255.3%. Spirit Realty Capital is a REIT that focuses on single-tenant, commercial real estate across the United States.

Conclusion

LDR Capital Management LLC's Q3 vs. Q4 13F filings have illustrated that the firm seems to be making some thoughtful investment decisions. While they made changes to their holdings in several companies, such as decreasing their holdings in SL Green Realty Corp, they also increased their stake in companies such as RPT Realty. Furthermore, the significant increase in their holdings of Spirit Realty Capital Inc shows that LDR Capital Management LLC is confident about the company's future. As always, investors should do their due diligence before acting on any information, but LDR Capital Management LLC's 13F filings serve as a useful starting point for further research.