Orinda Asset Management LLC's Recent Changes in Holdings: RLJ Lodging Trust, Sabra Health Care REIT, STAG Industrial, and More

Orinda Asset Management LLC is an investment firm that manages around $460 million in assets. The firm uses a long-term approach to investing and seeks to identify companies that are undervalued in the market.

In the second quarter of 2020, Orinda Asset Management LLC made a number of changes to its holdings. One of the most notable changes was the increase in holdings of RLJ Lodging Trust (RLJ-A). Orinda Asset Management LLC increased its holdings of RLJ-A by 758 shares, representing a 5.1% increase in the value of its holdings. RLJ Lodging Trust is a real estate investment trust (REIT) that owns and operates hotels in the United States.

Another significant change in Orinda Asset Management LLC's holdings was the decrease in holdings of Blackstone Mortgage Trust (BXMT). The firm reduced its holdings of BXMT by 4,300 shares, representing a 9% decrease in the value of its holdings. Blackstone Mortgage Trust is a commercial mortgage REIT that invests in senior mortgages secured by commercial real estate properties.

Orinda Asset Management LLC also increased its holdings of Sabra Health Care REIT (SBRA) in the second quarter of 2020. The firm increased its holdings of SBRA by 83,242 shares, representing a 63.7% increase in the value of its holdings. Sabra Health Care REIT is a REIT that specializes in owning and operating healthcare properties.

In the third quarter of 2020, Orinda Asset Management LLC continued to make changes to its holdings. One of the most significant changes was the increase in holdings of STAG Industrial (STAG). The firm increased its holdings of STAG by 22,066 shares, representing a 36.8% increase in the value of its holdings. STAG Industrial is a REIT that specializes in owning and operating industrial properties.

Orinda Asset Management LLC also made a significant increase in its holdings of Arbor Realty Trust (ABR) in the third quarter of 2020. The firm increased its holdings of ABR by 55,000 shares, representing a 6.2% increase in the value of its holdings. Arbor Realty Trust is a REIT that specializes in originating and servicing multifamily and commercial real estate loans.

Interestingly, Orinda Asset Management LLC reduced its holdings of Nuveen Preferred & Income Opportunities (JPC) in the second quarter of 2020. The firm reduced its holdings of JPC by 229,994 shares, representing a 59.6% decrease in the value of its holdings. Nuveen Preferred & Income Opportunities is a closed-end fund that primarily invests in preferred securities.

Orinda Asset Management LLC also made a significant increase in its holdings of Iron Mountain Incorporated (IRM) in the third quarter of 2020. The firm increased its holdings of IRM by 15,000 shares, representing a 54% increase in the value of its holdings. Iron Mountain Incorporated is a storage and information management company.

In conclusion, Orinda Asset Management LLC made several changes to its holdings in the second and third quarters of 2020. The firm increased its holdings of RLJ Lodging Trust and Sabra Health Care REIT, while decreasing its holdings of Blackstone Mortgage Trust and Nuveen Preferred & Income Opportunities. Orinda Asset Management LLC also increased its holdings of STAG Industrial and Arbor Realty Trust in the third quarter of 2020. These changes reflect the firm's long-term approach to investing and its focus on identifying undervalued companies in the market.