HGI Capital Management, LLC — 13F holdings

HGI Capital Management, LLC reported 21 holdings worth $36.4M in its 13F filing for Q3 2025, filed November 14, 2025.

Largest positions

1. EQIX EQUINIX INC — $2.39M (6.6%)
2. CBRE CBRE GROUP INC — $2.31M (6.3%)
3. FR FIRST INDL RLTY TR INC — $2.03M (5.6%)
4. DLR DIGITAL RLTY TR INC — $2.02M (5.5%)
5. HD HOME DEPOT INC — $2.00M (5.5%)
6. EXR EXTRA SPACE STORAGE INC — $1.99M (5.5%)
7. PSA PUBLIC STORAGE OPER CO — $1.92M (5.3%)
8. ARE ALEXANDRIA REAL ESTATE EQ IN — $1.90M (5.2%)
9. PLD PROLOGIS INC. — $1.87M (5.1%)
10. ESS ESSEX PPTY TR INC — $1.85M (5.1%)