Land & Buildings Ups Host Hotels Stake by 1M Shares to $37.4M

TL;DR

**Activist investor Land & Buildings just doubled down on Host Hotels, now holding $37.4M worth!**

AI Summary

Land & Buildings Investment Management, LLC, an activist real estate hedge fund led by Jonathan Litt, significantly increased its stake in Host Hotels & Resorts, Inc. (HST) during Q4 2023. The firm boosted its holdings by 1,000,000 shares, bringing its total to 2,000,000 shares valued at approximately $37.4 million as of December 31, 2023. This move signals a strong conviction in Host Hotels' future performance and could precede further activist engagement, potentially influencing management decisions or strategic direction, which is crucial for current and prospective HST shareholders.

Why It Matters

This increased stake by an activist investor like Land & Buildings often precedes demands for operational changes or strategic shifts, which could impact Host Hotels' stock price and long-term value for shareholders.

Risk Assessment

Risk Level: medium — The involvement of an activist investor introduces both potential upside from strategic changes and downside from potential disagreements or failed initiatives.

Analyst Insight

A smart investor would monitor Host Hotels & Resorts, Inc. (HST) news closely for any announcements from Land & Buildings, as their increased stake suggests potential for strategic changes that could unlock shareholder value. Consider researching Land & Buildings' past activist campaigns and their success rates.

Key Numbers

• $37.4M — Market Value of HST Holdings (The total value of Host Hotels & Resorts, Inc. shares held by Land & Buildings as of December 31, 2023, indicating a significant investment.)
• 2,000,000 — Total HST Shares Held (The total number of Host Hotels & Resorts, Inc. shares owned by Land & Buildings, reflecting their increased position.)
• 1,000,000 — Increase in HST Shares (The specific number of additional Host Hotels & Resorts, Inc. shares acquired during Q4 2023, highlighting the conviction.)

Key Players & Entities

• Land & Buildings Investment Management, LLC (company) — the investment manager filing the 13F-HR
• Host Hotels & Resorts, Inc. (company) — the company in which Land & Buildings increased its stake
• Jonathan Litt (person) — founder and CIO of Land & Buildings Investment Management, LLC
• $37,400,000 (dollar_amount) — approximate market value of Host Hotels & Resorts, Inc. shares held by Land & Buildings as of December 31, 2023
• 2,000,000 (dollar_amount) — total shares of Host Hotels & Resorts, Inc. held by Land & Buildings as of December 31, 2023
• 1,000,000 (dollar_amount) — number of additional shares of Host Hotels & Resorts, Inc. acquired by Land & Buildings during Q4 2023

Forward-Looking Statements

• Land & Buildings will initiate activist demands or engage in public commentary regarding Host Hotels & Resorts, Inc.'s strategy or governance. (Host Hotels & Resorts, Inc.) — medium confidence, target: Q2 2024
• Host Hotels & Resorts, Inc.'s stock price will experience increased volatility due to the activist involvement. (Host Hotels & Resorts, Inc.) — medium confidence, target: Q3 2024

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• q3landbuildings13f2.html (INFORMATION TABLE)
• q3landbuildings13f2.xml (INFORMATION TABLE) — 12KB
• 0001536520-25-000007.txt ( ) — 15KB

From the Filing

SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 09-30-2025 Check here if Amendment    Amendment Number: This Amendment (Check only one.):    is a restatement.    adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Land & Buildings Investment Management, LLC Address: SOUNDVIEW PLAZA 1266 E MAIN ST STE 700R STAMFORD , CT   06902 Form 13F File Number: 028-14876 CRD Number (if applicable): 000149487 801-69951 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Jean Cora Title: Chief Financial Officer / Chief Compliance Officer Phone: 203-987-5827 Signature, Place, and Date of Signing: Jean Cora New York ,  NY 11-14-2025 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)    13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)    13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 22 Form 13F Information Table Value Total: 544,909,821 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] NONE

View Full Filing

View this 13F-HR filing on SEC EDGAR