Argosy-Lionbridge Management, LLC

Hedge Fund • Long/Short

Argosy-Lionbridge Management, LLC is a Long/Short Hedge Fund based in Miami, FL led by David John Butler, managing $152.0M across 14 long positions as of Q3 2025 with 81% Real Estate concentration, 95% concentrated in top 10 holdings, and 16% allocation to REXR.

CEODavid John Butler

Portfolio Value: $152.0M
Positions: 14
Top Holding: REXR at 16.36%
Last Reported: Q3 2025

Address1450 Brickell Ave., Suite 1480, Miami, FL, 33131, United States

Top Holdings

Largest long holdings in Argosy-Lionbridge Management, LLC's portfolio (95.3% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Rexford Industrial Realty REXR	REIT - Industrial Real Estate	$24.9M	16.36%	—	0.26% 604.8K shares	Q4 2024 Held for 11 months
2 Apartment Investment and Management AIV	REIT - Residential Real Estate	$23.1M	15.19%	+$1.7M Bought	2.05% 2.9M shares	Q4 2024 Held for 11 months
3 Elme Communities ELME	REIT - Office Real Estate	$21.5M	14.11%	-$11.8M Sold	1.44% 1.3M shares	Q4 2024 Held for 11 months
4 First Industrial Realty Trust FR	REIT - Industrial Real Estate	$20.8M	13.68%	-$257.4K Sold	0.31% 404.1K shares	Q4 2024 Held for 11 months
5 Lennar LEN	Residential Construction Consumer Cyclical	$19.6M	12.88%	+$3.5M Bought	0.06% 155.4K shares	Q1 2025 Held for 8 months
6 Independence Realty Trust IRT	REIT - Residential Real Estate	$12.2M	8.03%	+$12.2M Bought	0.32% 744.9K shares	Q3 2025 Held for 2 months
7 Hyatt Hotels H	Travel Lodging Consumer Cyclical	$9.2M	6.02%	-$3.8M Sold	0.07% 64.5K shares	Q2 2025 Held for 5 months
8 Kite Realty Group KRG	REIT - Retail Real Estate	$5.3M	3.49%	+$1.1M Bought	0.11% 237.8K shares	Q1 2025 Held for 8 months
9 American Assets Trust AAT	REIT - Diversified Real Estate	$4.4M	2.87%	+$4.4M New	0.35% 214.9K shares	Q3 2025 Held for 2 months
10 Veris Residential VRE	REIT - Residential Real Estate	$4.0M	2.65%	-$5.7M Sold	0.28% 265.4K shares	Q4 2024 Held for 11 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Argosy-Lionbridge Management, LLC's latest filing

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Market Value

$152.0M

Prior: $144.7M

Q/Q Change

+5.1%

+$7.4M

Net Flows % of MV

-8.15%

Turnover Ratio

18.52%

New Purchases

2 stocks

$8.1M

Added To

4 stocks

+$7.8M

Sold Out Of

1 stocks

$2.0M

Reduced Holdings

6 stocks

-$26.3M

Increased Positions

Position	Shares Δ	Change
1 American Assets Trust AAT	New	0 → 214.9K +$4.4M
2 Equity Lifestyle Properties ELS	New	0 → 61.0K +$3.7M
3 Starwood Property Trust STWD	+286.08%	26.6K → 102.6K +$1.5M
4 Kite Realty Group KRG	+25.29%	189.8K → 237.8K +$1.1M
5 Lennar LEN	+21.74%	127.7K → 155.4K +$3.5M

Decreased Positions

Position	Shares Δ	Change
1 Americold Realty Trust COLD	Sold	120.0K → 0 −$2.0M
2 DigitalBridge Group DBRG	-86.2%	467.7K → 64.5K −$4.7M
3 Veris Residential VRE	-58.37%	637.5K → 265.4K −$5.7M
4 Elme Communities ELME	-35.5%	2.0M → 1.3M −$11.8M
5 Hyatt Hotels H	-29.32%	91.3K → 64.5K −$3.8M