Masterton Capital Management, LP Quant / Systematic

CIK: 0001817145 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $143,453 (100.0% shares, 0.0% debt)

Holdings (22)

New Positions (4)

UDR UDR INC 1.7%

Value ($000) $2,509 Shares 68,400 Est. Cost $35.52 Unrealized 0.0%

TXRH TEXAS ROADHOUSE INC 1.6%

Value ($000) $2,341 Shares 14,100 Est. Cost $168.76 Unrealized 0.0%

CHH CHOICE HOTELS INTL INC 0.4%

Value ($000) $619 Shares 6,500 Est. Cost $94.91 Unrealized 0.0%

WH WYNDHAM HOTELS & RESORTS INC 0.4%

Value ($000) $582 Shares 7,700 Est. Cost $75.40 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UDR	UDR INC	68,400	$2,509	1.7%	$35.52	0.0%	COM	902653104
TXRH	TEXAS ROADHOUSE INC	14,100	$2,341	1.6%	$168.76	0.0%	COM	882681109
CHH	CHOICE HOTELS INTL INC	6,500	$619	0.4%	$94.91	0.0%	COM	169905106
WH	WYNDHAM HOTELS & RESORTS INC	7,700	$582	0.4%	$75.40	0.0%	COM	98311A105

Increased Positions (4)

CHEF CHEFS WHSE INC 5.3%

Value ($000) $7,554 (+85.3%) Shares 121,200 (+73.4%) Est. Cost $62.20 Unrealized -3.3%

EQR EQUITY RESIDENTIAL 14.8%

Value ($000) $21,193 (+6.7%) Shares 336,187 (+9.6%) Est. Cost $64.76 Unrealized -6.3%

APLE APPLE HOSPITALITY REIT INC 4.4%

Value ($000) $6,292 (+21.5%) Shares 531,000 (+23.1%) Est. Cost $12.68 Unrealized —

KIM KIMCO RLTY CORP 4.9%

Value ($000) $6,963 (+11.7%) Shares 343,513 (+20.4%) Est. Cost $21.44 Unrealized -4.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CHEF	CHEFS WHSE INC	121,200 (+73.4%)	$7,554 (+85.3%)	5.3%	$62.20	-3.3%	COM	163086101
EQR	EQUITY RESIDENTIAL	336,187 (+9.6%)	$21,193 (+6.7%)	14.8%	$64.76	-6.3%	SH BEN INT	29476L107
APLE	APPLE HOSPITALITY REIT INC	531,000 (+23.1%)	$6,292 (+21.5%)	4.4%	$12.68	—	COM NEW	03784Y200
KIM	KIMCO RLTY CORP	343,513 (+20.4%)	$6,963 (+11.7%)	4.9%	$21.44	-4.0%	COM	49446R109

Exited Positions (3)

VICI VICI PPTYS INC 1.8%

Value ($000) $2,635 Shares 80,817 Est. Cost $32.06 Unrealized -8.6%

AVB AVALONBAY CMNTYS INC 1.7%

Value ($000) $2,434 Shares 12,600 Est. Cost $191.17 Unrealized -6.0%

DHI D R HORTON INC 1.1%

Value ($000) $1,519 Shares 8,963 Est. Cost $156.63 Unrealized -2.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VICI	VICI PPTYS INC	80,817	$2,635	1.8%	$32.06	-8.6%	—	925652109
AVB	AVALONBAY CMNTYS INC	12,600	$2,434	1.7%	$191.17	-6.0%	—	053484101
DHI	D R HORTON INC	8,963	$1,519	1.1%	$156.63	-2.9%	—	23331A109

Decreased Positions (11)

FRT FEDERAL RLTY INVT TR NEW 12.2%

Value ($000) $17,493 (-29.7%) Shares 173,546 (-29.4%) Est. Cost $91.90 Unrealized +6.0%

TREX TREX CO INC 1.2%

Value ($000) $1,677 (-79.1%) Shares 47,811 (-69.2%) Est. Cost $64.41 Unrealized -37.2%

BURL BURLINGTON STORES INC 4.1%

Value ($000) $5,910 (-50.9%) Shares 20,462 (-56.7%) Est. Cost $271.63 Unrealized -0.1%

MCD MCDONALDS CORP 1.9%

Value ($000) $2,769 (-62.5%) Shares 9,060 (-62.7%) Est. Cost $301.40 Unrealized +1.2%

PLD PROLOGIS INC. 2.2%

Value ($000) $3,192 (-59.1%) Shares 25,000 (-63.3%) Est. Cost $111.33 Unrealized +11.2%

EXR EXTRA SPACE STORAGE INC 3.1%

Value ($000) $4,408 (-43.2%) Shares 33,850 (-38.6%) Est. Cost $140.62 Unrealized -4.0%

ROST ROSS STORES INC 0.7%

Value ($000) $1,015 (-76.0%) Shares 5,632 (-79.7%) Est. Cost $139.59 Unrealized +19.4%

PSA PUBLIC STORAGE OPER CO 9.4%

Value ($000) $13,489 (-14.8%) Shares 51,982 (-5.2%) Est. Cost $281.51 Unrealized -1.5%

INVH INVITATION HOMES INC 7.3%

Value ($000) $10,512 (-17.7%) Shares 378,265 (-13.2%) Est. Cost $31.62 Unrealized -12.6%

TRNO TERRENO RLTY CORP 3.6%

Value ($000) $5,189 (-27.3%) Shares 88,380 (-29.7%) Est. Cost $56.75 Unrealized —

AMH AMERICAN HOMES 4 RENT 7.8%

Value ($000) $11,258 (-8.1%) Shares 350,715 (-4.8%) Est. Cost $45.02 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FRT	FEDERAL RLTY INVT TR NEW	173,546 (-29.4%)	$17,493 (-29.7%)	12.2%	$91.90	+6.0%	SH BEN INT NEW	313745101
TREX	TREX CO INC	47,811 (-69.2%)	$1,677 (-79.1%)	1.2%	$64.41	-37.2%	COM	89531P105
BURL	BURLINGTON STORES INC	20,462 (-56.7%)	$5,910 (-50.9%)	4.1%	$271.63	-0.1%	COM	122017106
MCD	MCDONALDS CORP	9,060 (-62.7%)	$2,769 (-62.5%)	1.9%	$301.40	+1.2%	COM	580135101
PLD	PROLOGIS INC.	25,000 (-63.3%)	$3,192 (-59.1%)	2.2%	$111.33	+11.2%	COM	74340W103
EXR	EXTRA SPACE STORAGE INC	33,850 (-38.6%)	$4,408 (-43.2%)	3.1%	$140.62	-4.0%	COM	30225T102
ROST	ROSS STORES INC	5,632 (-79.7%)	$1,015 (-76.0%)	0.7%	$139.59	+19.4%	COM	778296103
PSA	PUBLIC STORAGE OPER CO	51,982 (-5.2%)	$13,489 (-14.8%)	9.4%	$281.51	-1.5%	COM	74460D109
INVH	INVITATION HOMES INC	378,265 (-13.2%)	$10,512 (-17.7%)	7.3%	$31.62	-12.6%	COM	46187W107
TRNO	TERRENO RLTY CORP	88,380 (-29.7%)	$5,189 (-27.3%)	3.6%	$56.75	—	COM	88146M101
AMH	AMERICAN HOMES 4 RENT	350,715 (-4.8%)	$11,258 (-8.1%)	7.8%	$45.02	—	CL A	02665T306

Unchanged Positions (3)

PFGC PERFORMANCE FOOD GROUP CO 5.7%

Value ($000) $8,236 Shares 91,587 Est. Cost $80.91 Unrealized +19.3%

BXP BXP INC 3.4%

Value ($000) $4,892 Shares 72,500 Est. Cost $64.39 Unrealized +9.3%

SKT TANGER INC 3.7%

Value ($000) $5,359 Shares 160,600 Est. Cost $33.84 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PFGC	PERFORMANCE FOOD GROUP CO	91,587	$8,236	5.7%	$80.91	+19.3%	COM	71377A103
BXP	BXP INC	72,500	$4,892	3.4%	$64.39	+9.3%	COM	101121101
SKT	TANGER INC	160,600	$5,359	3.7%	$33.84	—	COM	875465106