CAPITAL GROWTH MANAGEMENT LP

CIK

868491

Location

BOSTON, MA

Portfolio Value

Small $753,191,121

Diversification

Diversified

Filing Date

Global Rank

#1,883 / 6,827 ▼ 55 · as of Sep 2022

Top Industry

Residential Construction 14.3%

Period ended 4 years ago

Filed Nov 14, 2022 · 3y

11 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2022, never from the firm's own description.

Style

Diversified active

Top 10 weight 43.0%, 32.2 effective positions, active share 97.3% against the S&P SmallCap 600 as of 2022-09-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

177.9% over the last four quarters (100%+)

Horizon

Short horizon

Value-weighted holding period 2.6 quarters (under 4)

Closest benchmark: the S&P SmallCap 600 as of 2022-09-30, active share 97.3%; sector active share 60.9% against the combined 13F book's sector weights.

Over time 11 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

49 tracked positions · as of Sep 30, 2022 · Δ vs Jun 30, 2022

Top Position

5.6%

+0.4 pts

Top 5

24.1%

+2.5 pts

Top 10

43.0%

+3.8 pts

HHI

311

Diversified+59

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2022

Sector	% Portfolio	Value	Positions
Energy	31.6%	$237,900,300	8
Consumer Cyclical	22.4%	$168,455,463	13
Real Estate	11.3%	$85,051,208	13
Unclassified	10.2%	$76,572,000	4
Basic Materials	10.0%	$75,077,400	5
Consumer Defensive	6.3%	$47,260,400	2
Technology	3.9%	$29,249,500	1
Healthcare	2.3%	$17,279,300	1
Financial Services	1.6%	$12,066,000	1
Industrials	0.6%	$4,279,550	1

Last Quarter's Activity

Export CSV

Sep 30, 2022 vs Jun 30, 2022

Added To

Positions the filer increased

17 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	+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	+150,000	800,000	$28,720,000
LNG	Cheniere Energy, Inc.	+120,000	160,000	$26,545,600
DHI	Horton D R Inc	+100,000	220,000	$14,817,000
LEN	Lennar Corp	+100,000	220,000	$16,400,990
ASO	Academy Sports & Outdoors, Inc.	+60,000	180,000	$7,592,400
—		+50,000	240,000	$28,464,000
AMR	Alpha Metallurgical Resources, Inc.	+50,000	235,000	$32,157,400
RHP	Ryman Hospitality Properties, Inc.	+50,000	210,000	$15,453,900
REG	Regency Centers Corp	+40,000	190,000	$10,231,500
—		+40,000	140,000	$3,265,000
CEIX	Core Natural Resources, Inc.	+35,000	660,000	$42,451,000
—		+10,000	50,000	$0
No positions match the current search.

Trimmed

Positions the filer reduced

13 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
—		−200,000	4,900,000	$29,988,000
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
—		−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	$8,081,050
No positions match the current search.

New Positions

Positions the filer opened this quarter

17 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
—		4,000,000	$18,120,000
—		45,000	$8,288,548
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
—		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	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.	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

49 tracked positions · $753,191,121 total · filing declares 50 positions · $760,613,000 · 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	Held (qtrs)	Est. cost/share	% of Portfolio
CEIX	Core Natural Resources, Inc. Energy	Added	660,000	+35,000	$42,451,000	+37.5%	3	unpriced	5.64%
SIG	Signet Jewelers Ltd Consumer Cyclical	Held	679,052	0	$38,834,983	+7.0%	6	$66.19	5.16%
AR	ANTERO RESOURCES Corp Energy	Reduced	1,150,000	-250,000	$35,109,500	−18.2%	3	$22.45	4.66%
		Reduced	1,250,000	-50,000	$32,650,000	−2.6%	3	unpriced	4.33%
AMR	Alpha Metallurgical Resources, Inc. Basic Materials	Added	235,000	+50,000	$32,157,400	+34.6%	3	$115.77	4.27%
		Reduced	4,900,000	-200,000	$29,988,000	−5.9%	3	unpriced	3.98%
NOK	Nokia Corp Technology	NEW	6,850,000	NEW	$29,249,500	NEW	1	$4.86	3.88%
SLB	Slb Limited Energy	Added	800,000	+150,000	$28,720,000	+23.6%	2	$40.69	3.81%
		Added	240,000	+50,000	$28,464,000	+4.7%	3	unpriced	3.78%
LNG	Cheniere Energy, Inc. Energy	Added	160,000	+120,000	$26,545,600	+398.9%	2	$147.81	3.52%
STLA	Stellantis N.V. Consumer Cyclical	NEW	2,160,000	NEW	$25,574,400	NEW	1	$13.43	3.40%
BTU	Peabody Energy Corp Energy	Reduced	1,020,000	-350,000	$25,316,400	−13.4%	3	$16.96	3.36%
HAL	Halliburton Co Energy	Added	990,000	+190,000	$24,373,800	−2.8%	3	$34.12	3.24%
PM	Philip Morris International Inc. Consumer Defensive	NEW	290,000	NEW	$24,072,900	NEW	1	$95.37	3.20%
KR	Kroger Co Consumer Defensive	NEW	530,000	NEW	$23,187,500	NEW	1	$47.51	3.08%
RRC	Range Resources Corp Energy	Reduced	900,000	-300,000	$22,734,000	−23.5%	3	$22.82	3.02%
		NEW	4,000,000	NEW	$18,120,000	NEW	1	unpriced	2.41%
KGC	Kinross Gold Corp Basic Materials	Added	4,800,000	+2,300,000	$18,048,000	+101.7%	2	$4.15	2.40%
THC	Tenet Healthcare Corp Healthcare	Reduced	335,000	-190,000	$17,279,300	−37.4%	4	$72.65	2.29%
LEN	Lennar Corp Consumer Cyclical	Added	220,000	+100,000	$16,400,990	+93.7%	2	unpriced	2.18%
PHM	Pultegroup Inc Consumer Cyclical	Added	430,000	+330,000	$16,125,000	+306.9%	2	$42.07	2.14%
BTG	B2gold Corp Basic Materials	Added	5,000,000	+3,500,000	$16,100,000	+216.6%	2	$3.56	2.14%
RHP	Ryman Hospitality Properties, Inc. Real Estate	Added	210,000	+50,000	$15,453,900	+27.0%	7	$77.80	2.05%
DHI	Horton D R Inc Consumer Cyclical	Added	220,000	+100,000	$14,817,000	+86.5%	2	$71.78	1.97%
TOL	Toll Brothers, Inc. Consumer Cyclical	Added	330,000	+230,000	$13,860,000	+210.8%	2	$46.49	1.84%
WFC	Wells Fargo & Company Financial Services	Held	300,000	0	$12,066,000	+2.7%	4	$50.66	1.60%
REG	Regency Centers Corp Real Estate	Added	190,000	+40,000	$10,231,500	+15.0%	2	$65.22	1.36%
SKT	Tanger Inc. Real Estate	Reduced	650,000	-45,000	$8,892,000	−10.0%	4	$18.42	1.18%
FRT	Federal Realty Investment Trust Real Estate	Reduced	95,000	-25,000	$8,561,400	−25.5%	2	$112.26	1.14%
		NEW	45,000	NEW	$8,288,548	NEW	1	$201.79	1.10%
MTH	Meritage Homes CORP Consumer Cyclical	Reduced	115,000	-5,000	$8,081,050	−7.1%	2	$79.82	1.07%
NVR	Nvr Inc Consumer Cyclical	NEW	2,000	NEW	$7,974,160	NEW	1	$4,260.64	1.06%
ASO	Academy Sports & Outdoors, Inc. Consumer Cyclical	Added	180,000	+60,000	$7,592,400	+78.0%	4	$40.03	1.01%
SHO	Sunstone Hotel Investors, Inc. Real Estate	NEW	700,000	NEW	$6,594,000	NEW	1	$10.81	0.88%
AGI	Alamos Gold Inc Basic Materials	NEW	800,000	NEW	$5,928,000	NEW	1	$7.40	0.79%
CVCO	Cavco Industries, Inc. Consumer Cyclical	NEW	28,000	NEW	$5,761,280	NEW	1	$236.97	0.76%
SKY	Champion Homes, Inc. Consumer Cyclical	NEW	100,000	NEW	$5,287,000	NEW	1	$58.31	0.70%
DRH	DiamondRock Hospitality Co Real Estate	NEW	700,000	NEW	$5,257,000	NEW	1	$8.81	0.70%
PEB	Pebblebrook Hotel Trust Real Estate	NEW	350,000	NEW	$5,078,500	NEW	1	$17.99	0.67%
LGIH	LGI Homes, Inc. Consumer Cyclical	NEW	60,000	NEW	$4,882,200	NEW	1	$97.95	0.65%
MAA	Mid America Apartment Communities Inc. Real Estate	Reduced	30,000	-50,000	$4,652,100	−66.7%	5	$201.57	0.62%
KIM	Kimco Realty Corp Real Estate	Reduced	250,000	-300,000	$4,602,500	−57.7%	2	$22.98	0.61%
		NEW	55,000	NEW	$4,279,550	NEW	1	$86.45	0.57%
BRX	Brixmor Property Group Inc. Real Estate	Reduced	200,000	-300,000	$3,694,000	−63.4%	2	$23.65	0.49%
		Added	140,000	+40,000	$3,265,000	+39.8%	2	unpriced	0.43%
HCC	Warrior Met Coal, Inc. Basic Materials	NEW	100,000	NEW	$2,844,000	NEW	1	$30.76	0.38%
NXRT	NexPoint Residential Trust, Inc. Real Estate	Reduced	56,000	-125,000	$2,587,760	−77.1%	5	$60.85	0.34%
VNO	Vornado Realty Trust Real Estate	NEW	50,000	NEW	$1,158,000	NEW	1	$27.89	0.15%
		Added	50,000	+10,000	$0	—	4	unpriced	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.