Sophron Capital Management L.P.

CIK

2027142

Location

SUMMIT, NJ

Portfolio Value

Small $339,388,659

Diversification

Diversified

Filing Date

Global Rank

#2,920 / 8,232 ▲ 301

Top Industry

REIT - Residential 30.2%

3Y Alpha vs SPY

-8.7%

Period ended 2 months ago

Filed May 15, 2026 · 30d

6 quarters · since Dec 2024

Clone Performance

Feb 2025–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+11.4%

SPY

+23.4%

Annualised alpha

-8.7%

Max drawdown

−13.6%

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

41 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.7%

−1.3 pts

Top 5

26.7%

−2.8 pts

Top 10

46.9%

−2.6 pts

HHI

346

Diversified−24

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Real Estate	84.8%	$287,758,767	37
Consumer Cyclical	15.2%	$51,629,892	4

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
AMH	American Homes 4 Rent	+301,590	407,586	$11,379,801
REXR	Rexford Industrial Realty, Inc.	+171,495	357,439	$11,698,978
LEN	Lennar Corp /New/	+168,832	204,268	$17,738,633
GLPI	Gaming & Leisure Properties, Inc.	+99,646	285,340	$12,660,535
CUBE	CubeSmart	+69,429	248,221	$9,097,299
AVB	Avalonbay Communities Inc	+60,811	119,163	$19,465,276
RHP	Ryman Hospitality Properties, Inc.	+56,508	119,704	$11,045,088
DOC	Healthpeak Properties, Inc.	+48,178	221,423	$3,637,979
SBAC	Sba Communications Corp	+36,771	51,089	$8,792,927
UDR	UDR, Inc.	+32,722	385,812	$13,032,729
CCI	Crown Castle Inc.	+20,708	47,931	$3,897,269
SILA	Sila Realty Trust, Inc.	+14,979	59,811	$1,416,324
PECO	Phillips Edison & Company, Inc.	+12,260	383,746	$14,359,775
ELS	Equity Lifestyle Properties Inc	+11,143	144,735	$9,034,358
EXR	Extra Space Storage Inc.	+7,504	32,701	$4,288,082
EGP	Eastgroup Properties Inc	+4,017	42,127	$7,797,286
SUI	Sun Communities Inc	+2,089	14,571	$1,835,363
ESS	Essex Property Trust, Inc.	+1,979	79,068	$19,134,456
No positions match the current search.

Trimmed

Positions the filer reduced

15 positions

Ticker	Company	Δ Shares	Shares	Value
BNL	Broadstone Net Lease, Inc.	−154,906	256,949	$4,694,458
DRH	DiamondRock Hospitality Co	−107,484	841,993	$7,889,474
FCPT	Four Corners Property Trust, Inc.	−83,744	589,561	$13,943,117
ADC	Agree Realty Corp	−50,865	250,917	$18,914,123
VICI	Vici Properties Inc.	−49,920	266,763	$7,287,965
WH	Wyndham Hotels & Resorts, Inc.	−43,456	84,358	$6,852,400
AMT	American Tower Corp /Ma/	−43,093	21,212	$3,660,766
INVH	Invitation Homes Inc.	−34,097	317,269	$7,884,134
EQR	Equity Residential	−30,330	257,495	$15,230,829
CHH	Choice Hotels International Inc /De	−28,112	120,683	$12,490,690
NNN	Nnn REIT, Inc.	−20,661	121,122	$5,090,757
DLR	Digital Realty Trust, Inc.	−10,269	30,457	$5,488,655
MTH	Meritage Homes CORP	−7,869	235,255	$14,548,169
PSA	Public Storage	−7,689	28,889	$7,825,452
NHI	National Health Investors Inc	−7,401	35,414	$2,863,576
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
HST	Host Hotels & Resorts, Inc.	358,267	$6,864,395
LXP	LXP Industrial Trust	127,219	$5,885,150
FRT	Federal Realty Investment Trust	35,021	$3,719,580
IRT	Independence Realty Trust, Inc.	211,234	$3,145,274
JAN	Janus Living, Inc.	100,042	$2,357,989
HIW	Highwoods Properties, Inc.	49,717	$1,064,440
ARI	Apollo Commercial Real Estate Finance, Inc.	70,484	$744,311
STAG	STAG Industrial, Inc.	17,493	$630,797
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
TPH	Tri Pointe Homes, Inc.	334,828	$10,537,037
REG	Regency Centers Corp	75,834	$5,234,821
KIM	Kimco Realty Corp	206,723	$4,190,275
EQIX	Equinix Inc	3,441	$2,636,356
FR	First Industrial Realty Trust Inc	31,000	$1,775,370
NTST	NETSTREIT Corp.	30,135	$531,581
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

41 positions · $339,388,659 total · as of Mar 31, 2026

All sectors Consumer Cyclical Real Estate

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
STAG	STAG Industrial, Inc. Real Estate	NEW	17,493	NEW	$630,797	NEW	0.19%
ARI	Apollo Commercial Real Estate Finance, Inc. Real Estate	NEW	70,484	NEW	$744,311	NEW	0.22%
HIW	Highwoods Properties, Inc. Real Estate	NEW	49,717	NEW	$1,064,440	NEW	0.31%
SILA	Sila Realty Trust, Inc. Real Estate	Added	59,811	+14,979	$1,416,324	+35.5%	0.42%
SUI	Sun Communities Inc Real Estate	Added	14,571	+2,089	$1,835,363	+18.7%	0.54%
JAN	Janus Living, Inc. Real Estate	NEW	100,042	NEW	$2,357,989	NEW	0.69%
NHI	National Health Investors Inc Real Estate	Reduced	35,414	-7,401	$2,863,576	−12.4%	0.84%
IRT	Independence Realty Trust, Inc. Real Estate	NEW	211,234	NEW	$3,145,274	NEW	0.93%
DOC	Healthpeak Properties, Inc. Real Estate	Added	221,423	+48,178	$3,637,979	+30.6%	1.07%
AMT	American Tower Corp /Ma/ Real Estate	Reduced	21,212	-43,093	$3,660,766	−67.6%	1.08%
FRT	Federal Realty Investment Trust Real Estate	NEW	35,021	NEW	$3,719,580	NEW	1.10%
CCI	Crown Castle Inc. Real Estate	Added	47,931	+20,708	$3,897,269	+61.1%	1.15%
EXR	Extra Space Storage Inc. Real Estate	Added	32,701	+7,504	$4,288,082	+30.7%	1.26%
BNL	Broadstone Net Lease, Inc. Real Estate	Reduced	256,949	-154,906	$4,694,458	−34.4%	1.38%
NNN	Nnn REIT, Inc. Real Estate	Reduced	121,122	-20,661	$5,090,757	−9.4%	1.50%
DLR	Digital Realty Trust, Inc. Real Estate	Reduced	30,457	-10,269	$5,488,655	−12.9%	1.62%
LXP	LXP Industrial Trust Real Estate	NEW	127,219	NEW	$5,885,150	NEW	1.73%
WH	Wyndham Hotels & Resorts, Inc. Consumer Cyclical	Reduced	84,358	-43,456	$6,852,400	−29.0%	2.02%
HST	Host Hotels & Resorts, Inc. Real Estate	NEW	358,267	NEW	$6,864,395	NEW	2.02%
VICI	Vici Properties Inc. Real Estate	Reduced	266,763	-49,920	$7,287,965	−18.2%	2.15%
EGP	Eastgroup Properties Inc Real Estate	Added	42,127	+4,017	$7,797,286	+14.9%	2.30%
PSA	Public Storage Real Estate	Reduced	28,889	-7,689	$7,825,452	−17.6%	2.31%
INVH	Invitation Homes Inc. Real Estate	Reduced	317,269	-34,097	$7,884,134	−19.3%	2.32%
DRH	DiamondRock Hospitality Co Real Estate	Reduced	841,993	-107,484	$7,889,474	−7.3%	2.32%
SBAC	Sba Communications Corp Real Estate	Added	51,089	+36,771	$8,792,927	+217.5%	2.59%
ELS	Equity Lifestyle Properties Inc Real Estate	Added	144,735	+11,143	$9,034,358	+11.6%	2.66%
CUBE	CubeSmart Real Estate	Added	248,221	+69,429	$9,097,299	+41.1%	2.68%
RHP	Ryman Hospitality Properties, Inc. Real Estate	Added	119,704	+56,508	$11,045,088	+84.7%	3.25%
AMH	American Homes 4 Rent Real Estate	Added	407,586	+301,590	$11,379,801	+234.5%	3.35%
REXR	Rexford Industrial Realty, Inc. Real Estate	Added	357,439	+171,495	$11,698,978	+62.5%	3.45%
CHH	Choice Hotels International Inc /De Consumer Cyclical	Reduced	120,683	-28,112	$12,490,690	−11.9%	3.68%
GLPI	Gaming & Leisure Properties, Inc. Real Estate	Added	285,340	+99,646	$12,660,535	+52.6%	3.73%
UDR	UDR, Inc. Real Estate	Added	385,812	+32,722	$13,032,729	+0.6%	3.84%
FCPT	Four Corners Property Trust, Inc. Real Estate	Reduced	589,561	-83,744	$13,943,117	−10.2%	4.11%
PECO	Phillips Edison & Company, Inc. Real Estate	Added	383,746	+12,260	$14,359,775	+8.7%	4.23%
MTH	Meritage Homes CORP Consumer Cyclical	Reduced	235,255	-7,869	$14,548,169	−9.1%	4.29%
EQR	Equity Residential Real Estate	Reduced	257,495	-30,330	$15,230,829	−16.1%	4.49%
LEN	Lennar Corp /New/ Consumer Cyclical	Added	204,268	+168,832	$17,738,633	+386.9%	5.23%
ADC	Agree Realty Corp Real Estate	Reduced	250,917	-50,865	$18,914,123	−13.0%	5.57%
ESS	Essex Property Trust, Inc. Real Estate	Added	79,068	+1,979	$19,134,456	−5.1%	5.64%
AVB	Avalonbay Communities Inc Real Estate	Added	119,163	+60,811	$19,465,276	+84.0%	5.74%