Land & Buildings Investment Management, LLC

CIK 0001536520 · Q1 2026

13F Equity AUM

$591.4M

-1.7% QoQ

Positions

+1 QoQ

AUM Rank

#3,893

Top 31%

Skill Alpha (FF)

-1.7%/yr^ns

No Clear Edge

Rank #4,747 · Top 58%

vs S&P -7.6%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 40.6%Top 10: 67.5%Top 20: 100.0%

FR8.4%

INVH8.3%

AHR8.1%

NHI8.0%

EQIX7.8%

SPG6.9%

SUI5.9%

VEN5.1%

SKT4.6%

RHP4.5%

Others (10)32.5%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Real Estate94.8%

Consumer Cyclical5.2%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 20Median: 4.37%Avg: 5.00%

0–0.5%

0(0.0%)

0.5–1%

0(0.0%)

1–3%

3(6.5%)

3–5%

9(35.0%)

5%+

8(58.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 20Unique: 0vs 20 funds

0.3%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

0.5%

VANGUARD CAPITAL MANAGEMENT LLC

0.6%

STATE STREET CORP

0.6%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.7%

MORGAN STANLEY

0.4%

GEODE CAPITAL MANAGEMENT, LLC

0.6%

JPMORGAN CHASE & CO

0.4%

BANK OF AMERICA CORP /DE/

0.4%

FMR LLC

0.6%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New4Increased6Decreased10Exited3

New Positions

INVH8.3%

+2.0M

FQI3.5%

+114K

LAMR2.9%

+134K

SBAC1.8%

+60K

Increased

CURB4.0%

+688K(+316%)

NHI8.0%

+174K(+42%)

RHP4.5%

+85K(+42%)

CBRE4.2%

+58K(+45%)

SPG6.9%

+50K(+30%)

PLD3.8%

+35K(+26%)

Decreased

FUN1.9%

-1,100,741(-63%)

OUT3.8%

-387,643(-31%)

VEN5.1%

-137,818(-27%)

GLPI3.3%

-125,476(-22%)

FR8.4%

-48,592(-5%)

AHR8.1%

-42,204(-4%)

SKT4.6%

-27,907(-3%)

EQIX7.8%

-10,649(-18%)

SUI5.9%

-9,776(-3%)

MAR3.3%

-3,889(-6%)

Exited

CSR

-828,398

NSA

-1,314,463

AMH

-1,079,778

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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