Hill Winds Capital LP

High Falls, NY · CIK 1683073 · 13F filing filed 2023-02-03

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityHILL WINDS CAPITAL LP (US)

$196.9m reported value -12.4% vs Q3 2022

37positions

50.1%in top 10

8 new 9 added 19 reduced 11 sold out vs Q3 2022

Holdings, Q4 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	PROLOGIS INC. COM PLD	PLD	122,500	$13.8m7.01%	7.01%	Reduced -8.5k	-8,500 -6.5%
2	BRIXMOR PPTY GROUP INC COM BRX	BRX	575,000	$13.0m6.62%	6.62%	Reduced -85.0k	-85,000 -12.9%
3	HEALTHPEAK PROPERTIES INC COM DOC	DOC	435,000	$10.9m5.54%	5.54%	Added +10.0k	+10,000 2.4%
4	HIGHWOODS PPTYS INC COM HIW	HIW	385,000	$10.8m5.47%	5.47%	Added +160.0k	+160,000 71.1%
5	REXFORD INDL RLTY INC COM REXR	REXR	185,000	$10.1m5.13%	5.13%	Added +60.0k	+60,000 48.0%
6	PUBLIC STORAGE COM PSA	PSA	31,000	$8.7m4.41%	4.41%	Reduced -9.0k	-9,000 -22.5%
7	ESSENTIAL PPTYS RLTY TR INC COM EPRT	EPRT	350,000	$8.2m4.17%	4.17%	Added +65.0k	+65,000 22.8%
8	NETSTREIT CORP COM NTST	NTST	435,000	$8.0m4.05%	4.05%	Reduced -90.0k	-90,000 -17.1%
9	SPIRIT RLTY CAP INC NEW COM NEW SRC	SRC	190,000	$7.6m3.85%	3.85%	Reduced -10.0k	-10,000 -5.0%
10	SUN CMNTYS INC COM SUI	SUI	52,500	$7.5m3.81%	3.81%	Added +2.5k	+2,500 5.0%
11	INDEPENDENCE RLTY TR INC COM IRT	IRT	385,000	$6.5m3.30%	3.30%	New
12	SIMON PPTY GROUP INC NEW COM SPG	SPG	55,000	$6.5m3.28%	3.28%	New
13	HEALTHCARE RLTY TR CL A COM HR	HR	300,000	$5.8m2.94%	2.94%	Reduced -35.0k	-35,000 -10.4%
14	LIFE STORAGE INC COM COM		55,000	$5.4m2.75%	2.75%	Reduced -5.0k	-5,000 -8.3%
15	ACADIA RLTY TR COM SH BEN INT AKR	AKR	375,000	$5.4m2.73%	2.73%	Added +350.0k	+350,000 1400.0%
16	STAG INDL INC COM STAG	STAG	150,000	$4.8m2.46%	2.46%	Added +75.0k	+75,000 100.0%
17	KITE RLTY GROUP TR COM NEW KRG	KRG	220,000	$4.6m2.35%	2.35%	New
18	VENTAS INC COM VTR	VTR	100,000	$4.5m2.29%	2.29%	Unchanged
19	DOUGLAS EMMETT INC COM DEI	DEI	285,000	$4.5m2.27%	2.27%	Reduced -55.0k	-55,000 -16.2%
20	HOST HOTELS & RESORTS INC COM HST	HST	275,000	$4.4m2.24%	2.24%	Added +50.0k	+50,000 22.2%
21	BROADSTONE NET LEASE INC COM BNL	BNL	265,000	$4.3m2.18%	2.18%	New
22	WYNDHAM HOTELS & RESORTS INC COM WH	WH	60,000	$4.3m2.17%	2.17%	Reduced -40.0k	-40,000 -40.0%
23	BXP INC COM BXP	BXP	62,500	$4.2m2.15%	2.15%	Reduced -77.5k	-77,500 -55.4%
24	APARTMENT INCOME REIT CORP COM AIRC	AIRC	115,000	$3.9m2.00%	2.00%	New
25	ESSEX PPTY TR INC COM ESS	ESS	18,500	$3.9m1.99%	1.99%	Reduced -34.0k	-34,000 -64.8%
26	KILROY RLTY CORP COM KRC	KRC	100,000	$3.9m1.96%	1.96%	Reduced -42.5k	-42,500 -29.8%
27	CAMDEN PPTY TR SH BEN INT CPT	CPT	30,000	$3.4m1.70%	1.70%	New
28	DIGITAL RLTY TR INC COM DLR	DLR	30,000	$3.0m1.53%	1.53%	Reduced -50.0k	-50,000 -62.5%
29	SUNSTONE HOTEL INVS INC NEW COM SHO	SHO	300,000	$2.9m1.47%	1.47%	Added +200.0k	+200,000 200.0%
30	REGENCY CTRS CORP COM REG	REG	40,000	$2.5m1.27%	1.27%	Reduced -35.0k	-35,000 -46.7%
31	VICI PPTYS INC COM VICI	VICI	65,000	$2.1m1.07%	1.07%	Reduced -60.0k	-60,000 -48.0%
32	SL GREEN RLTY CORP COM SLG	SLG	55,000	$1.9m0.94%	0.94%	New
33	RYMAN HOSPITALITY PPTYS INC COM RHP	RHP	22,500	$1.8m0.93%	0.93%	Reduced -17.5k	-17,500 -43.8%
34	GETTY RLTY CORP NEW COM GTY	GTY	40,000	$1.4m0.69%	0.69%	Reduced -200.0k	-200,000 -83.3%
35	EMPIRE ST RLTY TR INC CL A ESRT	ESRT	180,000	$1.2m0.62%	0.62%	Reduced -670.0k	-670,000 -78.8%
36	OMEGA HEALTHCARE INVS INC COM OHI	OHI	30,000	$838.5k0.43%	0.43%	Reduced -70.0k	-70,000 -70.0%
37	INDUSTRIAL LOGISTICS PPTYS T COM SHS BEN INT ILPT	ILPT	125,000	$408.8k0.21%	0.21%	New

Sold out since Q3 2022

Security	Ticker	Shares held before	Value then
INVITATION HOMES INC INVH	INVH	215,000	$7.3m215.0k shares
AVALONBAY CMNTYS INC AVB	AVB	27,500	$5.1m27.5k shares
CUBESMART CUBE	CUBE	115,000	$4.6m115.0k shares
PEBBLEBROOK HOTEL TR PEB	PEB	275,000	$4.0m275.0k shares
RPT REALTY RPT	RPT	375,000	$2.8m375.0k shares
CENTERSPACE CSR	CSR	40,000	$2.7m40.0k shares
URBAN EDGE PPTYS UE	UE	200,000	$2.7m200.0k shares
FEDERAL RLTY INVT TR NEW FRT	FRT	27,500	$2.5m27.5k shares
EQUITY RESIDENTIAL VMRK	VMRK	30,000	$2.0m30.0k shares
HYATT HOTELS CORP H	H	20,000	$1.6m20.0k shares
RETAIL OPPORTUNITY INVTS COR ROIC	ROIC	100,000	$1.4m100.0k shares