Hill Winds Capital LP
Filing Date
Global Rank
#3,247
/ 6,944
▼ 313
Top Industry
REIT - Retail
27.5%
3Y Alpha vs SPY
-8.7%
Period ended 3 years ago
Filed Feb 3, 2023 · 3y
12 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+41.2%
SPY
+76.5%
Annualised alpha
-8.7%
Max drawdown
−21.2%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
34 positions · as of Dec 31, 2022 · Δ vs Sep 30, 2022Top Position
7.7%
+1.2 pts
Top 5
32.6%
+3.3 pts
Top 10
54.2%
+5.0 pts
HHI
416
Diversified+43
Portfolio Trend
12 quarters · across all stocks
Sector Breakdown
As of Dec 31, 2022| Sector | % Portfolio | Value |
|---|---|---|
| Real Estate | 97.6% | $175,676,585 |
| Consumer Cyclical | 2.4% | $4,278,600 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
9 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AKR | Acadia Realty Trust | +350,000 | 375,000 | $5,381,250 | |
| SHO | Sunstone Hotel Investors, Inc. | +200,000 | 300,000 | $2,898,000 | |
| HIW | Highwoods Properties, Inc. | +160,000 | 385,000 | $10,772,300 | |
| STAG | STAG Industrial, Inc. | +75,000 | 150,000 | $4,846,500 | |
| EPRT | Essential Properties Realty Trust, Inc. | +65,000 | 350,000 | $8,214,500 | |
| REXR | Rexford Industrial Realty, Inc. | +60,000 | 185,000 | $10,108,400 | |
| HST | Host Hotels & Resorts, Inc. | +50,000 | 275,000 | $4,413,750 | |
| DOC | Healthpeak Properties, Inc. | +10,000 | 435,000 | $10,905,450 | |
| SUI | Sun Communities Inc | +2,500 | 52,500 | $7,507,500 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
17 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ESRT | Empire State Realty Trust, Inc. | −670,000 | 180,000 | $1,213,200 | |
| GTY | Getty Realty Corp /Md/ | −200,000 | 40,000 | $1,354,000 | |
| NTST | NETSTREIT Corp. | −90,000 | 435,000 | $7,973,550 | |
| BRX | Brixmor Property Group Inc. | −85,000 | 575,000 | $13,035,250 | |
| BXP | BXP, Inc. | −77,500 | 62,500 | $4,223,750 | |
| OHI | Omega Healthcare Investors Inc | −70,000 | 30,000 | $838,500 | |
| VICI | Vici Properties Inc. | −60,000 | 65,000 | $2,106,000 | |
| DEI | Douglas Emmett Inc | −55,000 | 285,000 | $4,468,800 | |
| DLR | Digital Realty Trust, Inc. | −50,000 | 30,000 | $3,008,100 | |
| KRC | Kilroy Realty Corp | −42,500 | 100,000 | $3,867,000 | |
| WH | Wyndham Hotels & Resorts, Inc. | −40,000 | 60,000 | $4,278,600 | |
| HR | Healthcare Realty Trust Inc | −35,000 | 300,000 | $5,781,000 | |
| REG | Regency Centers Corp | −35,000 | 40,000 | $2,500,000 | |
| ESS | Essex Property Trust, Inc. | −34,000 | 18,500 | $3,920,520 | |
| RHP | Ryman Hospitality Properties, Inc. | −17,500 | 22,500 | $1,840,050 | |
| PSA | Public Storage | −9,000 | 31,000 | $8,685,890 | |
| PLD | Prologis, Inc. | −8,500 | 122,500 | $13,809,425 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
7 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| IRT | Independence Realty Trust, Inc. | 385,000 | $6,491,100 | |
| SPG | Simon Property Group Inc. | 55,000 | $6,461,400 | |
| KRG | Kite Realty Group Trust | 220,000 | $4,631,000 | |
| BNL | Broadstone Net Lease, Inc. | 265,000 | $4,295,650 | |
| CPT | Camden Property Trust | 30,000 | $3,356,400 | |
| SLG | Sl Green Realty Corp | 55,000 | $1,854,600 | |
| ILPT | Industrial Logistics Properties Trust | 125,000 | $408,750 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
9 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| INVH | Invitation Homes Inc. | 215,000 | $7,260,550 | |
| AVB | Avalonbay Communities Inc | 27,500 | $5,065,225 | |
| CUBE | CubeSmart | 115,000 | $4,606,900 | |
| PEB | Pebblebrook Hotel Trust | 275,000 | $3,990,250 | |
| CSR | Centerspace | 40,000 | $2,692,800 | |
| UE | Urban Edge Properties | 200,000 | $2,668,000 | |
| FRT | Federal Realty Investment Trust | 27,500 | $2,478,300 | |
| EQR | Equity Residential | 30,000 | $2,016,600 | |
| H | Hyatt Hotels Corp | 20,000 | $1,619,200 | |
| No positions match the current search. | ||||
34 positions ·
$179,955,185 total
· as of Dec 31, 2022
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| PLD |
Prologis, Inc.
Real Estate
|
Reduced | 122,500 | $13,809,425 | 7.67% | |
| BRX |
Brixmor Property Group Inc.
Real Estate
|
Reduced | 575,000 | $13,035,250 | 7.24% | |
| DOC |
Healthpeak Properties, Inc.
Real Estate
|
Added | 435,000 | $10,905,450 | 6.06% | |
| HIW |
Highwoods Properties, Inc.
Real Estate
|
Added | 385,000 | $10,772,300 | 5.99% | |
| REXR |
Rexford Industrial Realty, Inc.
Real Estate
|
Added | 185,000 | $10,108,400 | 5.62% | |
| PSA |
Public Storage
Real Estate
|
Reduced | 31,000 | $8,685,890 | 4.83% | |
| EPRT |
Essential Properties Realty Trust, Inc.
Real Estate
|
Added | 350,000 | $8,214,500 | 4.56% | |
| NTST |
NETSTREIT Corp.
Real Estate
|
Reduced | 435,000 | $7,973,550 | 4.43% | |
| SUI |
Sun Communities Inc
Real Estate
|
Added | 52,500 | $7,507,500 | 4.17% | |
| IRT |
Independence Realty Trust, Inc.
Real Estate
|
NEW | 385,000 | $6,491,100 | 3.61% | |
| SPG |
Simon Property Group Inc.
Real Estate
|
NEW | 55,000 | $6,461,400 | 3.59% | |
| HR |
Healthcare Realty Trust Inc
Real Estate
|
Reduced | 300,000 | $5,781,000 | 3.21% | |
| AKR |
Acadia Realty Trust
Real Estate
|
Added | 375,000 | $5,381,250 | 2.99% | |
| STAG |
STAG Industrial, Inc.
Real Estate
|
Added | 150,000 | $4,846,500 | 2.69% | |
| KRG |
Kite Realty Group Trust
Real Estate
|
NEW | 220,000 | $4,631,000 | 2.57% | |
| VTR |
Ventas, Inc.
Real Estate
|
Held | 100,000 | $4,505,000 | 2.50% | |
| DEI |
Douglas Emmett Inc
Real Estate
|
Reduced | 285,000 | $4,468,800 | 2.48% | |
| HST |
Host Hotels & Resorts, Inc.
Real Estate
|
Added | 275,000 | $4,413,750 | 2.45% | |
| BNL |
Broadstone Net Lease, Inc.
Real Estate
|
NEW | 265,000 | $4,295,650 | 2.39% | |
| WH |
Wyndham Hotels & Resorts, Inc.
Consumer Cyclical
|
Reduced | 60,000 | $4,278,600 | 2.38% | |
| BXP |
BXP, Inc.
Real Estate
|
Reduced | 62,500 | $4,223,750 | 2.35% | |
| ESS |
Essex Property Trust, Inc.
Real Estate
|
Reduced | 18,500 | $3,920,520 | 2.18% | |
| KRC |
Kilroy Realty Corp
Real Estate
|
Reduced | 100,000 | $3,867,000 | 2.15% | |
| CPT |
Camden Property Trust
Real Estate
|
NEW | 30,000 | $3,356,400 | 1.87% | |
| DLR |
Digital Realty Trust, Inc.
Real Estate
|
Reduced | 30,000 | $3,008,100 | 1.67% | |
| SHO |
Sunstone Hotel Investors, Inc.
Real Estate
|
Added | 300,000 | $2,898,000 | 1.61% | |
| REG |
Regency Centers Corp
Real Estate
|
Reduced | 40,000 | $2,500,000 | 1.39% | |
| VICI |
Vici Properties Inc.
Real Estate
|
Reduced | 65,000 | $2,106,000 | 1.17% | |
| SLG |
Sl Green Realty Corp
Real Estate
|
NEW | 55,000 | $1,854,600 | 1.03% | |
| RHP |
Ryman Hospitality Properties, Inc.
Real Estate
|
Reduced | 22,500 | $1,840,050 | 1.02% | |
| GTY |
Getty Realty Corp /Md/
Real Estate
|
Reduced | 40,000 | $1,354,000 | 0.75% | |
| ESRT |
Empire State Realty Trust, Inc.
Real Estate
|
Reduced | 180,000 | $1,213,200 | 0.67% | |
| OHI |
Omega Healthcare Investors Inc
Real Estate
|
Reduced | 30,000 | $838,500 | 0.47% | |
| ILPT |
Industrial Logistics Properties Trust
Real Estate
|
NEW | 125,000 | $408,750 | 0.23% |