What smart money is saying about Lineage, Inc.
1 fund in our archive has pitched Lineage, Inc. — most recently Riverwater Partners Sustainable Value Strategy in September 2026.
Lineage, Inc. is the world’s largest global temperature-controlled warehouse REIT with a network of 498 strategically located facilities totaling approximately 87 million square feet and approximately 3.1 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific, as of June 30, 2026. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world. Lineage, Inc. was established in 2015 and was incorporated in Maryland.
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Position history
Between Q2 2025 and Q3 2026, 2 fund letters reported a position in Lineage, Inc., with 2 buys (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 1 | 0 | 1 |
| Q2 2025 | 1 | 1 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 2 positions · 2 moves
- New positionRiverwater Partners Sustainable Value StrategySeptember 2026
“New Positions We initiated a position in Lineage (LINE), which describes itself as the world's largest operator of temperature-controlled warehouses.”
Lineage, Inc. - June 2025
“Other key detractors were Lineage and LKQ. Lineage is the largest cold storage warehouse operator in the world. While Lineage’s overall market position and balance sheet remain solid, which we believe should continue enabling it to aggregate market share within the space, cold storage demand remains softer than prior years as higher food costs impact consumer spending. Further, the cost of capital assumptions used to value real estate investment trusts (REITs) have moved higher due to rising interest rates. This appears to have hit cold storage harder than other REITs despite cold storage’s better balance sheets as investors are unsure how cold storage operators’ cash flows will look in soft end markets. Also, Lineage is seen as a consolidator, but we believe it’s less likely Lineage will issue equity for a deal at these low stock prices as share repurchases may be a better use of cash flow. While we cannot predict the trends in consumer demand or interest rates, we added to our position at what look to us to be attractive prices as we believe the selling has been overdone.”
Lineage, Inc.
Fund coverage · 1 thesis
- Riverwater Partners Sustainable Value StrategySeptember 2026
Lineage is the world's largest temperature-controlled warehouse operator, viewed as the higher-quality cold storage REIT with more automation and a modern facility base, trading at a discount to NAV and attractive on FFO.
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