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Long Pond Capital, LP
Long Pond Capital, LP is a New York-based hedge fund founded in 2010, registered as an investment adviser since 2012. The firm specializes in real estate-focused investments and manages assets for institutional investors and high-net-worth individuals. As of 2025, the firm has approximately 20 employees, with a highly specialized investment team.
Investment Strategy
Long Pond Capital, LP focuses on fundamental, value-driven investing within the real estate sector. The firm employs a long/short equity strategy, analyzing real estate operating companies, REITs, and property-related securities to identify both undervalued and overvalued opportunities. Their approach leverages deep sector knowledge, extensive due diligence, and rigorous risk management to generate attractive risk-adjusted returns for their clients.
Latest 13F Filing Activity
Long Pond Capital, LP filed their most recent 13F report on Jun 30, 2025 disclosing 28 equity positions and 1 options positions with a total 13F market value of $2B. The fund increased holdings in Wyndham Hotels & Resorts Inc., National Storage Affiliates, Independence RLTY TR Inc. among other positions. Long Pond Capital, LP reduced exposure to Hilton Worldwide HLDGS Inc., Hyatt Hotels Corp., Meritage Homes Corp. among others.
Top Holdings
Equity Positions (28)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
H H | HYATT HOTELS CORP | 8.30% | $128.6M | 921,222 | $122.50 | $139.65 | -$63.3M |
W WH | WYNDHAM HOTELS & RESORTS INC | 7.89% | $122.3M | 1,505,781 | $82.65 | $81.21 | +$101.2M |
I IGT | INTERNATIONAL GAME TECHNOLOG | 7.72% | $119.6M | 7,566,764 | $17.58 | $15.81 | +$67.2M |
C CPT | CAMDEN PPTY TR | 7.44% | $115.3M | 1,022,742 | $112.09 | $112.69 | +$74.9M |
F FUN | SIX FLAGS ENTERTAINMENT CORP | 6.47% | $100.3M | 3,296,660 | $33.81 | $30.43 | +$24.5M |
Options Positions (1)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
I IGT | INTERNATIONAL GAME TECHNOLOG | — | Call | $31.6M | 20,000 | $15.81 | $17.66 | 0 | -$900.0K |
Industry Allocation
Investment Team (8)
| Name | Role | Location | |
|---|---|---|---|
A Anthony Dobkin | Senior Analyst | New York, NY , United States | |
 | Analyst | New York, NY , United States | |
D Daxter Tan | Analyst | New York, NY , United States | |
 | Analyst | New York, NY , United States | |
 | Analyst | New York, NY , United States | |
 | Analyst | New York, NY , United States | |
T Tom Vitti | Senior Analyst | New York, NY , United States | |
P Pallav Kapur | Analyst | Toronto, ON , Canada |
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