Sophron Capital Management L.P. — 13F Holdings & Portfolio
CIK 2027142 · latest 13F-HR filed 2026-05-15
Sophron Capital Management L.P. manages $339.4M in 13F-reported U.S. long-equity assets across 41 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are AVB (5.74%), ESS (5.64%), ADC (5.57%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 8 new positions, exited 6, added to 16, and trimmed 16.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$339.4M
Long-equity book
41
Distinct positions
2026-03-31
Filed 2026-05-15
+8 / −6 / ↑16 / ↓16
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- LENNAR CORP$14.1M +386.9%
- AVALONBAY CMNTYS INC$8.9M +84.0%
- AMERICAN HOMES 4 RENT$8.0M +234.5%
- SBA COMMUNICATIONS CORP$6.0M +217.5%
- RYMAN HOSPITALITY PPTYS INC$5.1M +84.7%
Top Trims
- AMERICAN TOWER CORP-$7.6M -67.6%
- EQUITY RESIDENTIAL-$2.9M -16.1%
- AGREE RLTY CORP-$2.8M -13.0%
- WYNDHAM HOTELS & RESORTS INC-$2.8M -29.0%
- BROADSTONE NET LEASE INC-$2.5M -34.4%
New Positions
- HOST HOTELS & RESORTS INC$6.9M
- LXP INDUSTRIAL TRUST$5.9M
- FEDERAL RLTY INVT TR NEW$3.7M
- INDEPENDENCE RLTY TR INC$3.1M
- JANUS LIVING INC$2.4M
Exited Positions
- TRI POINTE HOMES INC$10.5M
- REGENCY CTRS CORP$5.2M
- KIMCO RLTY CORP$4.2M
- EQUINIX INC$2.6M
- FIRST INDL RLTY TR INC$1.8M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | AVALONBAY CMNTYS INC | AVB | 053484101 | $19.5M | 5.74% | 119,163 | SH |
| 2 | ESSEX PPTY TR INC | ESS | 297178105 | $19.1M | 5.64% | 79,068 | SH |
| 3 | AGREE RLTY CORP | ADC | 008492100 | $18.9M | 5.57% | 250,917 | SH |
| 4 | LENNAR CORP | LEN | 526057104 | $17.7M | 5.23% | 204,268 | SH |
| 5 | EQUITY RESIDENTIAL | EQR | 29476L107 | $15.2M | 4.49% | 257,495 | SH |
| 6 | MERITAGE HOMES CORP | MTH | 59001A102 | $14.5M | 4.29% | 235,255 | SH |
| 7 | PHILLIPS EDISON & CO INC | PECO | 71844V201 | $14.4M | 4.23% | 383,746 | SH |
| 8 | FOUR CORNERS PPTY TR INC | FCPT | 35086T109 | $13.9M | 4.11% | 589,561 | SH |
| 9 | UDR INC | UDR | 902653104 | $13.0M | 3.84% | 385,812 | SH |
| 10 | GAMING & LEISURE P | GLPI | 36467J108 | $12.7M | 3.73% | 285,340 | SH |
| 11 | CHOICE HOTELS INTL INC | CHH | 169905106 | $12.5M | 3.68% | 120,683 | SH |
| 12 | REXFORD INDL RLTY INC | REXR | 76169C100 | $11.7M | 3.45% | 357,439 | SH |
| 13 | AMERICAN HOMES 4 RENT | AMH | 02665T306 | $11.4M | 3.35% | 407,586 | SH |
| 14 | RYMAN HOSPITALITY PPTYS INC | RHP | 78377T107 | $11.0M | 3.25% | 119,704 | SH |
| 15 | CUBESMART | CUBE | 229663109 | $9.1M | 2.68% | 248,221 | SH |
| 16 | EQUITY LIFESTYLE PROPERTIES | ELS | 29472R108 | $9.0M | 2.66% | 144,735 | SH |
| 17 | SBA COMMUNICATIONS CORP | SBAC | 78410G104 | $8.8M | 2.59% | 51,089 | SH |
| 18 | DIAMONDROCK HOSPITALITY CO | DRH | 252784301 | $7.9M | 2.32% | 841,993 | SH |
| 19 | INVITATION HOMES INC | INVH | 46187W107 | $7.9M | 2.32% | 317,269 | SH |
| 20 | PUBLIC STORAGE OPER CO | PSA | 74460D109 | $7.8M | 2.31% | 28,889 | SH |
| 21 | EASTGROUP PPTYS INC | EGP | 277276101 | $7.8M | 2.30% | 42,127 | SH |
| 22 | VICI PPTYS INC | VICI | 925652109 | $7.3M | 2.15% | 266,763 | SH |
| 23 | HOST HOTELS & RESORTS INC | HST | 44107P104 | $6.9M | 2.02% | 358,267 | SH |
| 24 | WYNDHAM HOTELS & RESORTS INC | WH | 98311A105 | $6.9M | 2.02% | 84,358 | SH |
| 25 | LXP INDUSTRIAL TRUST | LXP | 529043408 | $5.9M | 1.73% | 127,219 | SH |
| 26 | DIGITAL RLTY TR INC | DLR | 253868103 | $5.5M | 1.62% | 30,457 | SH |
| 27 | NNN REIT INC | NNN | 637417106 | $5.1M | 1.50% | 121,122 | SH |
| 28 | BROADSTONE NET LEASE INC | BNL | 11135E203 | $4.7M | 1.38% | 256,949 | SH |
| 29 | EXTRA SPACE STORAGE INC | EXR | 30225T102 | $4.3M | 1.26% | 32,701 | SH |
| 30 | CROWN CASTLE INC | CCI | 22822V101 | $3.9M | 1.15% | 47,931 | SH |
| 31 | FEDERAL RLTY INVT TR NEW | FRT | 313745101 | $3.7M | 1.10% | 35,021 | SH |
| 32 | AMERICAN TOWER CORP | AMT | 03027X100 | $3.7M | 1.08% | 21,212 | SH |
| 33 | HEALTHPEAK PROPERTIES INC | DOC | 42250P103 | $3.6M | 1.07% | 221,423 | SH |
| 34 | INDEPENDENCE RLTY TR INC | IRT | 45378A106 | $3.1M | 0.93% | 211,234 | SH |
| 35 | NATIONAL HEALTH INVS INC | NHI | 63633D104 | $2.9M | 0.84% | 35,414 | SH |
| 36 | JANUS LIVING INC | JAN | 471024109 | $2.4M | 0.69% | 100,042 | SH |
| 37 | SUN CMNTYS INC | SUI | 866674104 | $1.8M | 0.54% | 14,571 | SH |
| 38 | SILA REALTY TRUST INC | SILA | 146280508 | $1.4M | 0.42% | 59,811 | SH |
| 39 | HIGHWOODS PPTYS INC | HIW | 431284108 | $1.1M | 0.31% | 49,717 | SH |
| 40 | APOLLO COML REAL ESTATE FIN | ARI | 03762U105 | $744.3K | 0.22% | 70,484 | SH |
| 41 | STAG INDUSTRIAL INC | STAG | 85254J102 | $630.8K | 0.19% | 17,493 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $339.4M | 41 | 0001214659-26-006471 |
| 2025-12-31 | 2026-02-17 | $311.1M | 39 | 0001214659-26-001984 |
| 2025-09-30 | 2025-11-14 | $324.6M | 39 | 0001214659-25-016638 |