B&I Capital AG
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), B&I Capital AG reported 30 stock positions worth $307.5 million. Its top holding was Prologis (PLD) at 12.5% of the portfolio, followed by American Tower (AMT, 10.7%) and Equinix (EQIX, 8.5%). Compared with Q4 2024, it opened 3 new positions, added to 10 and reduced 17. The biggest buy was a new position in Iron Mountain (IRM) and the biggest sale Equinix (EQIX, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- ZURICH, V8
- CIK
- 0001843527
- Portfolio Value
- $307.5M (Q1 2025)
- SEC Filing
- 0001843527-25-000003 ↗ filed May 6, 2025
Holdings Value
Holdings 30 stocks · $307.5M
| PLD Prologis Inc. | 12.52% | 344,451 | $38.5M | Reduce -3.1% |
| AMT American Tower Corp. | 10.73% | 151,660 | $33.0M | Reduce -3.7% |
| EQIX Equinix Inc. | 8.53% | 32,187 | $26.2M | Reduce -13.6% |
| WELL Welltower Inc. | 7.85% | 157,590 | $24.1M | Add +4.5% |
| PSA Public Storage | 3.96% | 40,655 | $12.2M | Reduce -13.6% |
| CUBE Cubesmart | 3.94% | 284,040 | $12.1M | Reduce -17.0% |
| KIM Kimco Realty Corp. | 3.68% | 533,130 | $11.3M | Add +4.6% |
| UDR Udr Inc. | 3.38% | 230,320 | $10.4M | Reduce -1.5% |
| SPG Simon Property Group Inc. | 3.38% | 62,515 | $10.4M | Reduce -31.1% |
| VTR Ventas Inc. | 3.19% | 142,850 | $9.8M | Add +54.4% |
| MAA Mid-America Apartment Comm | 3.08% | 56,515 | $9.5M | Reduce -10.9% |
| IRT Independence Realty Trust Inc. | 3.01% | 436,610 | $9.3M | Reduce -11.6% |
| PECO Phillips Edison & Company Inc. | 2.85% | 240,045 | $8.8M | Reduce -7.3% |
| AMH American Homes 4 Rent- A | 2.58% | 209,940 | $7.9M | Add +59.8% |
| OHI Omega Healthcare Investors | 2.54% | 204,770 | $7.8M | Reduce -22.2% |
| DLR Digital Realty Trust Inc. | 2.50% | 53,720 | $7.7M | Add +17.8% |
| VRE Veris Residential Inc. | 2.43% | 440,980 | $7.5M | Reduce -5.2% |
| MAC The Macerich Co. | 2.39% | 428,700 | $7.4M | Add +15.7% |
| ELS Equity Lifestyle Properties | 2.34% | 107,942 | $7.2M | Reduce -5.1% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 2.14% | 76,660 | $6.6M | New |
| FCPT Four Corners Property Trust | 2.03% | 218,000 | $6.3M | Add +47.0% |
| GTY Getty Realty Corp. | 1.95% | 192,680 | $6.0M | Add +42.5% |
| BXP BXP Inc. | 1.67% | 76,480 | $5.1M | Reduce -27.3% |
| HIW Highwoods Properties Inc. | 1.62% | 168,050 | $5.0M | Reduce -36.0% |
| EPRT Essential Properties Realty | 1.58% | 148,544 | $4.8M | Add +23.2% |
| SAFE Safehold Inc. | 1.49% | 244,403 | $4.6M | Reduce -41.5% |
| ARE Alexandria Real Estate Equit | 1.10% | 36,525 | $3.4M | New |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.76% | 71,890 | $2.3M | Reduce -22.7% |
| SCI Service Corp. International | 0.46% | 17,610 | $1.4M | Add +5.6% |
| EGP Eastgroup Properties Inc. | 0.30% | 5,195 | $915K | New |
Portfolio Sells Q4 2024 → Q1 2025
| EQIX Equinix Inc. | Reduce -13.6% | 8.53% | −2.91 |
| SPG Simon Property Group Inc. | Reduce -31.1% | 3.38% | −1.71 |
| SAFE Safehold Inc. | Reduce -41.5% | 1.49% | −1.03 |
| HIW Highwoods Properties Inc. | Reduce -36.0% | 1.62% | −1.00 |
| BXP BXP Inc. | Reduce -27.3% | 1.67% | −0.88 |
| CUBE Cubesmart | Reduce -17.0% | 3.94% | −0.84 |
| OHI Omega Healthcare Investors | Reduce -22.2% | 2.54% | −0.71 |
| PSA Public Storage | Reduce -13.6% | 3.96% | −0.63 |
| PECO Phillips Edison & Company Inc. | Reduce -7.3% | 2.85% | −0.31 |
| IRT Independence Realty Trust Inc. | Reduce -11.6% | 3.01% | −0.18 |
| ELS Equity Lifestyle Properties | Reduce -5.1% | 2.34% | −0.13 |
| VICI Vici Properties Inc. | Reduce -22.7% | 0.76% | −0.12 |
| MAA Mid-America Apartment Comm | Reduce -10.9% | 3.08% | −0.11 |
| VRE Veris Residential Inc. | Reduce -5.2% | 2.43% | −0.09 |
| UDR Udr Inc. | Reduce -1.5% | 3.38% | +0.08 |
| PLD Prologis Inc. | Reduce -3.1% | 12.52% | +0.28 |
| AMT American Tower Corp. | Reduce -3.7% | 10.73% | +1.32 |
Portfolio Buys Q4 2024 → Q1 2025
| IRM Iron Mountain Inc. | New | 2.14% | +2.14 |
| WELL Welltower Inc. | Add +4.5% | 7.85% | +1.66 |
| VTR Ventas Inc. | Add +54.4% | 3.19% | +1.42 |
| ARE Alexandria Real Estate Equit | New | 1.10% | +1.10 |
| AMH American Homes 4 Rent- A | Add +59.8% | 2.58% | +0.98 |
| FCPT Four Corners Property Trust | Add +47.0% | 2.03% | +0.72 |
| GTY Getty Realty Corp. | Add +42.5% | 1.95% | +0.63 |
| EPRT Essential Properties Realty | Add +23.2% | 1.58% | +0.35 |
| EGP Eastgroup Properties Inc. | New | 0.30% | +0.30 |
| SCI Service Corp. International | Add +5.6% | 0.46% | +0.03 |
| MAC The Macerich Co. | Add +15.7% | 2.39% | −0.01 |
| DLR Digital Realty Trust Inc. | Add +17.8% | 2.50% | −0.13 |
| KIM Kimco Realty Corp. | Add +4.6% | 3.68% | −0.21 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 28 | $45.3M | PLD, WELL, EQIX, PSA, AHR |
| Q1 2026 | 24 | $294.1M | PLD, WELL, AMT, EQIX, PSA |
| Q4 2025 | 25 | $281.2M | PLD, WELL, AMT, EQIX, SPG |
| Q3 2025 | 29 | $288.9M | AMT, PLD, WELL, EQIX, CUBE |
| Q2 2025 | 31 | $294.0M | AMT, PLD, WELL, EQIX, DLR |
| Q1 2025 | 30 | $307.5M | PLD, AMT, EQIX, WELL, PSA |
| Q4 2024 | 27 | $306.9M | PLD, EQIX, AMT, WELL, SPG |
| Q3 2024 | 27 | $345.0M | PLD, EQIX, WELL, CCI, SPG |
| Q2 2024 | 27 | $312.6M | PLD, EQIX, WELL, CCI, NSA |
| Q1 2024 | 25 | $315.6M | EQIX, PLD, WELL, CCI, NSA |