13F Insight
DOSSIER · 13F-HR · Q2 2026

Long Pond Capital, LP

$1.0B in tracked AUM across 31 positions as of Q2 2026.

LP
CIK 0001499066 · last filed Jun 30, 2026
Total AUM
$1.0B
as of Q2 2026
Holdings
31
—
positions
Whale Score
72
72
strong
Activity
—
no data
changes this Q
AI Analysis · Q2 2026

Portfolio Overview

Long Pond Capital, LP executed a significant strategic pivot during the quarter ending September 30, 2025, characterized by a substantial reduction in portfolio size and a high turnover of assets. The total portfolio value contracted by 41.3%, declining from $1.55 billion to $910.25 million. This capital reduction was not merely a function of market performance but was driven by aggressive portfolio rebalancing; the firm exited 16 positions while initiating 9 new ones. Th...

The portfolio is currently highly concentrated, with the top five positions constituting approximately 65.8% of the total assets. The turnover indicates a shift away from previous core holdings toward a more specific selection of real estate and industrial plays. Despite the reduction in assets under management (AUM), the firm deployed significant capital into its highest conviction ideas, suggesting a focus on capital preservation and high-conviction value investing rather than broad diversification.

Key Holdings

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
SBAC
SBA COMMUNICATIONS CORP
$245M1.4M23.6%02
IRT
INDEPENDENCE RLTY TR INC
$86M5.1M8.2%03
JAN
JANUS LIVING INC
$74M2.6M7.1%04
HGV
HILTON GRAND VACATIONS INC
$62M1.2M6.0%05
JBGS
JBG SMITH PPTYS
$59M4.0M5.7%06
TRTX
TPG RE FIN TR INC
$59M7.0M5.7%07
COMP
COMPASS INC
$44M3.6M4.3%08
COLD
AMERICOLD REALTY TRUST INC
$42M2.7M4.1%09
KREF
KKR REAL ESTATE FIN TR INC
$40M5.8M3.8%10
PRKS
UNITED PARKS & RESORTS INC
$37M777K3.6%

Filing history

2026Q2Jun 30
$1.0B▼ 0.6%
31 positionsView →2026Q1Mar 31
$1.0B▲ 23.0%
33 positionsView →2025Q4Dec 31
$851M▼ 6.5%
30 positionsView →2025Q3Sep 30
$910M▼ 41.3%
21 positionsView →2025Q2Jun 30
$1.6B▲ 49.3%
29 positionsLocked2025Q1Mar 31
$1.0B▼ 47.3%
24 positionsLocked2024Q4Dec 31
$2.0B▼ 11.6%
28 positionsLocked2024Q3Sep 30
$2.2B▲ 19.1%
38 positionsLocked2024Q2Jun 30
$1.9B▲ 7.1%
36 positionsLocked2024Q1Mar 31
$1.7B▲ 40.5%
35 positionsLocked2023Q4Dec 31
$1.2B▼ 29.0%
31 positionsLocked2023Q3Sep 30
$1.8B▲ 3.3%
28 positionsLocked
Showing 12 of 56