CAPITAL GROWTH MANAGEMENT LP

CIK

868491

Location

BOSTON, MA

Portfolio Value

Small $629,603,456

Diversification

Diversified

Filing Date

Global Rank

#1,556 / 6,687 ▼ 125

Top Industry

Residential Construction 14.6%

3Y Alpha vs SPY

-0.9%

Period ended 3 years ago

Filed Nov 14, 2022 · 3y

11 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+72.5%

SPY

+76.3%

Annualised alpha

-0.9%

Max drawdown

−21.4%

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

44 positions · as of Sep 30, 2022 · Δ vs Jun 30, 2022

Top Position

6.2%

+0.2 pts

Top 5

26.7%

+2.5 pts

Top 10

47.4%

+4.7 pts

HHI

346

Diversified+73

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2022

Sector	% Portfolio	Value	Positions
Energy	31.0%	$195,449,300	7
Consumer Cyclical	26.0%	$163,890,796	13
Real Estate	13.5%	$85,051,210	13
Basic Materials	11.9%	$75,077,400	5
Consumer Defensive	7.5%	$47,260,400	2
Technology	4.6%	$29,249,500	1
Healthcare	2.7%	$17,279,300	1
Financial Services	1.9%	$12,066,000	1
Industrials	0.7%	$4,279,550	1

Last Quarter's Activity

Export CSV

Sep 30, 2022 vs Jun 30, 2022

Added To

Positions the filer increased

14 positions

Ticker	Company	Δ Shares	Shares	Value
BTG	B2gold Corp	+3,500,000	5,000,000	$16,100,000
KGC	Kinross Gold Corp	+2,300,000	4,800,000	$18,048,000
PHM	Pultegroup Inc/Mi/	+330,000	430,000	$16,125,000
TOL	Toll Brothers, Inc.	+230,000	330,000	$13,860,000
HAL	Halliburton Co	+190,000	990,000	$24,373,800
SLB	Slb Limited/Nv	+150,000	800,000	$28,720,000
LNG	Cheniere Energy, Inc.	+120,000	160,000	$26,545,600
LEN	Lennar Corp /New/	+100,000	220,000	$15,877,048
DHI	Horton D R Inc /De/	+100,000	220,000	$14,817,000
ASO	Academy Sports & Outdoors, Inc.	+60,000	180,000	$7,592,400
RHP	Ryman Hospitality Properties, Inc.	+50,000	210,000	$15,453,900
AMR	Alpha Metallurgical Resources, Inc.	+50,000	235,000	$32,157,400
REG	Regency Centers Corp	+40,000	190,000	$10,231,500
TMHC	Taylor Morrison Home Corp	+40,000	140,000	$3,264,800
No positions match the current search.

Trimmed

Positions the filer reduced

12 positions

Ticker	Company	Δ Shares	Shares	Value
BTU	Peabody Energy Corp	−350,000	1,020,000	$25,316,400
RRC	Range Resources Corp	−300,000	900,000	$22,734,000
KIM	Kimco Realty Corp	−300,000	250,000	$4,602,500
BRX	Brixmor Property Group Inc.	−300,000	200,000	$3,694,000
AR	ANTERO RESOURCES Corp	−250,000	1,150,000	$35,109,500
THC	Tenet Healthcare Corp	−190,000	335,000	$17,279,300
NXRT	NexPoint Residential Trust, Inc.	−125,000	56,000	$2,587,760
MAA	Mid America Apartment Communities Inc.	−50,000	30,000	$4,652,100
CTRA	Coterra Energy Inc.	−50,000	1,250,000	$32,650,000
SKT	Tanger Inc.	−45,000	650,000	$8,892,000
FRT	Federal Realty Investment Trust	−25,000	95,000	$8,561,400
MTH	Meritage Homes CORP	−5,000	115,000	$4,040,525
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
NOK	Nokia Corp	6,850,000	$29,249,500
STLA	Stellantis N.V.	2,160,000	$25,574,400
PM	Philip Morris International Inc.	290,000	$24,072,900
KR	Kroger Co	530,000	$23,187,500
AVB	Avalonbay Communities Inc	45,000	$8,288,550
NVR	Nvr Inc	2,000	$7,974,160
SHO	Sunstone Hotel Investors, Inc.	700,000	$6,594,000
AGI	Alamos Gold Inc	800,000	$5,928,000
CVCO	Cavco Industries, Inc.	28,000	$5,761,280
SKY	Champion Homes, Inc.	100,000	$5,287,000
DRH	DiamondRock Hospitality Co	700,000	$5,257,000
PEB	Pebblebrook Hotel Trust	350,000	$5,078,500
LGIH	LGI Homes, Inc.	60,000	$4,882,200
ATKR	Atkore Inc.	55,000	$4,279,550
HCC	Warrior Met Coal, Inc.	100,000	$2,844,000
VNO	Vornado Realty Trust	50,000	$1,158,000
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
AMN	Amn Healthcare Services Inc	300,000	$32,913,000
C	Citigroup Inc	610,000	$28,053,900
BAC	Bank Of America Corp /De/	650,000	$20,234,500
SPG	Simon Property Group Inc.	200,000	$18,984,000
BXP	BXP, Inc.	150,000	$13,347,000
OI	O-I Glass, Inc. /DE/	830,000	$11,620,000
RIO	Rio Tinto PLC	180,000	$10,980,000
ESS	Essex Property Trust, Inc.	40,000	$10,460,400
IIPR	Innovative Industrial Properties Inc	90,000	$9,888,300
BMY	Bristol Myers Squibb Co	120,000	$9,240,000
UDR	UDR, Inc.	200,000	$9,208,000
MRK	Merck & Co., Inc.	100,000	$9,117,000
DINO	HF Sinclair Corp	200,000	$9,032,000
TECK	Teck Resources Ltd	290,000	$8,865,300
SLG	Sl Green Realty Corp	180,000	$8,307,000
SM	SM Energy Co	230,000	$7,863,700
DK	Delek US Holdings, Inc.	300,000	$7,752,000
FR	First Industrial Realty Trust Inc	160,000	$7,596,800
HIW	Highwoods Properties, Inc.	220,000	$7,521,800
INVH	Invitation Homes Inc.	200,000	$7,116,000
PLD	Prologis, Inc.	60,000	$7,059,000
EXR	Extra Space Storage Inc.	40,000	$6,804,800
PSA	Public Storage	20,000	$6,253,400
CVI	Cvr Energy Inc	180,000	$6,030,000
BHP	BHP Group Ltd	100,000	$5,618,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

44 positions · $629,603,456 total · as of Sep 30, 2022

All sectors Basic Materials Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SIG	Signet Jewelers Ltd Consumer Cyclical	Held	679,052	0	$38,834,983	+7.0%	6.17%
AR	ANTERO RESOURCES Corp Energy	Reduced	1,150,000	-250,000	$35,109,500	−18.2%	5.58%
CTRA	Coterra Energy Inc. Energy	Reduced	1,250,000	-50,000	$32,650,000	−2.6%	5.19%
AMR	Alpha Metallurgical Resources, Inc. Basic Materials	Added	235,000	+50,000	$32,157,400	+34.6%	5.11%
NOK	Nokia Corp Technology	NEW	6,850,000	NEW	$29,249,500	NEW	4.65%
SLB	Slb Limited/Nv Energy	Added	800,000	+150,000	$28,720,000	+23.6%	4.56%
LNG	Cheniere Energy, Inc. Energy	Added	160,000	+120,000	$26,545,600	+398.9%	4.22%
STLA	Stellantis N.V. Consumer Cyclical	NEW	2,160,000	NEW	$25,574,400	NEW	4.06%
BTU	Peabody Energy Corp Energy	Reduced	1,020,000	-350,000	$25,316,400	−13.4%	4.02%
HAL	Halliburton Co Energy	Added	990,000	+190,000	$24,373,800	−2.8%	3.87%
PM	Philip Morris International Inc. Consumer Defensive	NEW	290,000	NEW	$24,072,900	NEW	3.82%
KR	Kroger Co Consumer Defensive	NEW	530,000	NEW	$23,187,500	NEW	3.68%
RRC	Range Resources Corp Energy	Reduced	900,000	-300,000	$22,734,000	−23.5%	3.61%
KGC	Kinross Gold Corp Basic Materials	Added	4,800,000	+2,300,000	$18,048,000	+101.7%	2.87%
THC	Tenet Healthcare Corp Healthcare	Reduced	335,000	-190,000	$17,279,300	−37.4%	2.74%
PHM	Pultegroup Inc/Mi/ Consumer Cyclical	Added	430,000	+330,000	$16,125,000	+306.9%	2.56%
BTG	B2gold Corp Basic Materials	Added	5,000,000	+3,500,000	$16,100,000	+216.6%	2.56%
LEN	Lennar Corp /New/ Consumer Cyclical	Added	220,000	+100,000	$15,877,048	+93.7%	2.52%
RHP	Ryman Hospitality Properties, Inc. Real Estate	Added	210,000	+50,000	$15,453,900	+27.0%	2.45%
DHI	Horton D R Inc /De/ Consumer Cyclical	Added	220,000	+100,000	$14,817,000	+86.5%	2.35%
TOL	Toll Brothers, Inc. Consumer Cyclical	Added	330,000	+230,000	$13,860,000	+210.8%	2.20%
WFC	Wells Fargo & Company/Mn Financial Services	Held	300,000	0	$12,066,000	+2.7%	1.92%
REG	Regency Centers Corp Real Estate	Added	190,000	+40,000	$10,231,500	+15.0%	1.63%
SKT	Tanger Inc. Real Estate	Reduced	650,000	-45,000	$8,892,000	−10.0%	1.41%
FRT	Federal Realty Investment Trust Real Estate	Reduced	95,000	-25,000	$8,561,400	−25.5%	1.36%
AVB	Avalonbay Communities Inc Real Estate	NEW	45,000	NEW	$8,288,550	NEW	1.32%
NVR	Nvr Inc Consumer Cyclical	NEW	2,000	NEW	$7,974,160	NEW	1.27%
ASO	Academy Sports & Outdoors, Inc. Consumer Cyclical	Added	180,000	+60,000	$7,592,400	+78.0%	1.21%
SHO	Sunstone Hotel Investors, Inc. Real Estate	NEW	700,000	NEW	$6,594,000	NEW	1.05%
AGI	Alamos Gold Inc Basic Materials	NEW	800,000	NEW	$5,928,000	NEW	0.94%
CVCO	Cavco Industries, Inc. Consumer Cyclical	NEW	28,000	NEW	$5,761,280	NEW	0.92%
SKY	Champion Homes, Inc. Consumer Cyclical	NEW	100,000	NEW	$5,287,000	NEW	0.84%
DRH	DiamondRock Hospitality Co Real Estate	NEW	700,000	NEW	$5,257,000	NEW	0.83%
PEB	Pebblebrook Hotel Trust Real Estate	NEW	350,000	NEW	$5,078,500	NEW	0.81%
LGIH	LGI Homes, Inc. Consumer Cyclical	NEW	60,000	NEW	$4,882,200	NEW	0.78%
MAA	Mid America Apartment Communities Inc. Real Estate	Reduced	30,000	-50,000	$4,652,100	−66.7%	0.74%
KIM	Kimco Realty Corp Real Estate	Reduced	250,000	-300,000	$4,602,500	−57.7%	0.73%
ATKR	Atkore Inc. Industrials	NEW	55,000	NEW	$4,279,550	NEW	0.68%
MTH	Meritage Homes CORP Consumer Cyclical	Reduced	115,000	-5,000	$4,040,525	−7.1%	0.64%
BRX	Brixmor Property Group Inc. Real Estate	Reduced	200,000	-300,000	$3,694,000	−63.4%	0.59%
TMHC	Taylor Morrison Home Corp Consumer Cyclical	Added	140,000	+40,000	$3,264,800	+39.8%	0.52%
HCC	Warrior Met Coal, Inc. Basic Materials	NEW	100,000	NEW	$2,844,000	NEW	0.45%
NXRT	NexPoint Residential Trust, Inc. Real Estate	Reduced	56,000	-125,000	$2,587,760	−77.1%	0.41%
VNO	Vornado Realty Trust Real Estate	NEW	50,000	NEW	$1,158,000	NEW	0.18%