Capital Growth Management 13F-HR Quarterly holdings report by institutional manager

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 INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Alcoa Inc.	Common Stocks	013872106	28,385	580,000	SH		SOLE		580,000	0	0
AMERCO	Common Stocks	023586100	8,075	12,500	SH		SOLE		12,500	0	0
Antero Resources Corporation	Common Stocks	03674X106	1,881	100,000	SH		SOLE		100,000	0	0
Asbury Automotive Group, Inc.	Common Stocks	043436104	19,674	100,000	SH		SOLE		100,000	0	0
AutoNation, Inc.	Common Stocks	05329W102	7,914	65,000	SH		SOLE		65,000	0	0
AvalonBay Communities, Inc.	Common Stocks	053484101	22,164	100,000	SH		SOLE		100,000	0	0
Avis Budget Group, Inc.	Common Stocks	053774105	32,623	280,000	SH		SOLE		280,000	0	0
Brixmor Property Group, Inc.	Common Stocks	11120U105	17,688	800,000	SH		SOLE		800,000	0	0
Callon Petroleum Company	Common Stocks	13123X508	7,853	160,000	SH		SOLE		160,000	0	0
Camden Property Trust	Common Stocks	133131102	8,848	60,000	SH		SOLE		60,000	0	0
CBRE Group, Inc.	Common Stocks	12504L109	23,853	245,000	SH		SOLE		245,000	0	0
Centerspace	Common Stocks	15202L107	21,452	227,000	SH		SOLE		227,000	0	0
ConocoPhillips	Common Stocks	20825C104	27,108	400,000	SH		SOLE		400,000	0	0
Continental Resources, Inc.	Common Stocks	212015101	1,385	30,000	SH		SOLE		30,000	0	0
CubeSmart	Common Stocks	229663109	24,467	505,000	SH		SOLE		505,000	0	0
CVS Caremark Corporation	Common Stocks	126650100	27,580	325,000	SH		SOLE		325,000	0	0
Diamondback Energy, Inc.	Common Stocks	25278X109	34,081	360,000	SH		SOLE		360,000	0	0
DiamondRock Hospitality Company	Common Stocks	252784301	1,890	200,000	SH		SOLE		200,000	0	0
EOG Resources, Inc.	Common Stocks	26875P101	30,503	380,000	SH		SOLE		380,000	0	0
Equity Residential	Common Stocks	29476L107	22,658	280,000	SH		SOLE		280,000	0	0
Essex Property Trust, Inc.	Common Stocks	297178105	6,395	20,000	SH		SOLE		20,000	0	0
Extra Space Storage Inc.	Common Stocks	30225T102	23,519	140,000	SH		SOLE		140,000	0	0
Federal Realty Investment Trust	Common Stocks	313747206	18,878	160,000	SH		SOLE		160,000	0	0
Group 1 Automotive, Inc.	Common Stocks	398905109	7,515	40,000	SH		SOLE		40,000	0	0
HCA Holdings, Inc.	Common Stocks	40412C101	6,068	25,000	SH		SOLE		25,000	0	0
Host Hotels & Resorts, Inc.	Common Stocks	44107P104	5,716	350,000	SH		SOLE		350,000	0	0
Jones Lang LaSalle Incorporated	Common Stocks	48020Q107	70,706	285,000	SH		SOLE		285,000	0	0
JPMorgan Chase & Co.	Common Stocks	46625H100	13,095	80,000	SH		SOLE		80,000	0	0
Life Storage, Inc.	Common Stocks	53223X107	25,243	220,000	SH		SOLE		220,000	0	0
Mid-America Apartment Communities, Inc.	Common Stocks	59522J103	13,073	70,000	SH		SOLE		70,000	0	0
Moderna, Inc	Common Stocks	60770K107	25,786	67,000	SH		SOLE		67,000	0	0
National Storage Affiliates Trust	Common Stocks	637870106	23,756	450,000	SH		SOLE		450,000	0	0
NexPoint Residential Trust, Inc.	Common Stocks	65341D102	22,029	356,000	SH		SOLE		356,000	0	0
OneMain Holdings, Inc.	Common Stocks	68268W103	30,708	555,000	SH		SOLE		555,000	0	0
Ovintiv Inc.	Common Stocks	69047Q102	8,878	270,000	SH		SOLE		270,000	0	0
Park Hotels & Resorts Inc.	Common Stocks	700517105	21,054	1,100,000	SH		SOLE		1,100,000	0	0
Pebblebrook Hotel Trust	Common Stocks	70509V100	4,482	200,000	SH		SOLE		200,000	0	0
Penske Automotive Group, Inc.	Common Stocks	70959W103	5,030	50,000	SH		SOLE		50,000	0	0
Pioneer Natural Resources Company	Common Stocks	723787107	16,651	100,000	SH		SOLE		100,000	0	0
Prudential Financial, Inc.	Common Stocks	744320102	35,242	335,000	SH		SOLE		335,000	0	0
Public Storage	Common Stocks	74460D109	22,283	75,000	SH		SOLE		75,000	0	0
Rent-A-Center, Inc.	Common Stocks	76009N100	14,615	260,000	SH		SOLE		260,000	0	0
Ryman Hospitality Properties, Inc.	Common Stocks	78377T107	19,251	230,000	SH		SOLE		230,000	0	0
Select Medical Holdings Corporation	Common Stocks	81619Q105	36,713	1,015,000	SH		SOLE		1,015,000	0	0
Signet Jewelers Limited	Common Stocks	G81276100	42,090	533,052	SH		SOLE		533,052	0	0
Simon Property Group, Inc.	Common Stocks	828806109	25,994	200,000	SH		SOLE		200,000	0	0
Sunstone Hotel Investors, Inc.	Common Stocks	867892101	22,925	1,920,000	SH		SOLE		1,920,000	0	0
Textron Inc.	Common Stocks	883203101	21,292	305,000	SH		SOLE		305,000	0	0
The Buckle, Inc.	Common Stocks	118440106	27,317	690,000	SH		SOLE		690,000	0	0
The Children s Place Retail Stores, Inc.	Common Stocks	168905107	16,934	225,000	SH		SOLE		225,000	0	0
Thor Industries, Inc.	Common Stocks	885160101	4,297	35,000	SH		SOLE		35,000	0	0
Turquoise Hill Resources Ltd.	Common Stocks	900435207	21,550	1,460,000	SH		SOLE		1,460,000	0	0
UDR, Inc.	Common Stocks	902653104	21,987	415,000	SH		SOLE		415,000	0	0
West Fraser Timber Co. LTD.	Common Stocks	952845105	3,369	40,000	SH		SOLE		40,000	0	0
Whirlpool Corporation	Common Stocks	963320106	35,268	173,000	SH		SOLE		173,000	0	0