Star Holdings Shares of Beneficial Interest (STHO)

• Market cap: $124M
• 1 day: -2.51%
• 5 days: -8.90%
• 1 month: -16.73%
• 3 months: -33.17%
• 6 months: -23.37%
• Year to date: -37.47%
• 1 year: -32.04%
• 5 years: -53.45%
• 10 years: -53.45%
• Sector: Real Estate
• Industry: Lessors of Real Property

About: Star Holdings engages in non-ground lease-related businesses, including real estate finance, operating properties, and land and development. Its portfolio is comprised of its interests in Asbury and Magnolia Green residential development projects, a portfolio of commercial real estate properties, and loans that are being marketed for sale. It focuses on realizing value for shareholders from the legacy portfolio by maximizing cash flows through active asset management and asset sales.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

78% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 9

65% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 20

7% more funds holding

Funds holding: 96 [Q2] → 103 (+7) [Q3]

2% more capital invested

Capital invested by funds: $128M [Q2] → $130M (+$2.05M) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

9.15% less ownership

Funds ownership: 79.75% [Q2] → 70.6% (-9.15%) [Q3]

89% less call options, than puts

Call options by funds: $11K | Put options by funds: $102K