B&I Capital AG
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), B&I Capital AG reported 31 stock positions worth $294.0 million. Its top holding was American Tower (AMT) at 11.7% of the portfolio, followed by Prologis (PLD, 10.0%) and Welltower (WELL, 8.0%). Compared with Q1 2025, it opened 2 new positions, sold out of 1, added to 11 and reduced 18. The biggest buy was Digital Realty Trust (DLR, shares +61%) and the biggest sale Prologis (PLD, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- ZURICH, V8
- CIK
- 0001843527
- Portfolio Value
- $294.0M (Q2 2025)
- SEC Filing
- 0001843527-25-000004 ↗ filed Aug 13, 2025
Holdings Value
Holdings 31 stocks · $294.0M
| AMT American Tower Corp. | 11.67% | 155,240 | $34.3M | Add +2.4% |
| PLD Prologis Inc. | 10.02% | 280,201 | $29.5M | Reduce -18.6% |
| WELL Welltower Inc. | 7.99% | 152,790 | $23.5M | Reduce -3.0% |
| EQIX Equinix Inc. | 6.84% | 25,282 | $20.1M | Reduce -21.4% |
| DLR Digital Realty Trust Inc. | 5.14% | 86,711 | $15.1M | Add +61.4% |
| CUBE Cubesmart | 3.96% | 273,640 | $11.6M | Reduce -3.7% |
| PSA Public Storage | 3.72% | 37,255 | $10.9M | Reduce -8.4% |
| VTR Ventas Inc. | 3.23% | 150,200 | $9.5M | Add +5.2% |
| SPG Simon Property Group Inc. | 3.16% | 57,745 | $9.3M | Reduce -7.6% |
| KIM Kimco Realty Corp. | 3.08% | 430,780 | $9.1M | Reduce -19.2% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 2.74% | 78,655 | $8.1M | Add +2.6% |
| MAA Mid-America Apartment Comm | 2.74% | 54,365 | $8.0M | Reduce -3.8% |
| PECO Phillips Edison & Company Inc. | 2.71% | 227,295 | $8.0M | Reduce -5.3% |
| OHI Omega Healthcare Investors | 2.62% | 210,420 | $7.7M | Add +2.8% |
| UDR Udr Inc. | 2.62% | 188,470 | $7.7M | Reduce -18.2% |
| IRT Independence Realty Trust Inc. | 2.57% | 426,460 | $7.5M | Reduce -2.3% |
| AMH American Homes 4 Rent- A | 2.52% | 205,540 | $7.4M | Reduce -2.1% |
| ELS Equity Lifestyle Properties | 2.48% | 118,042 | $7.3M | Add +9.4% |
| VRE Veris Residential Inc. | 2.31% | 455,080 | $6.8M | Add +3.2% |
| EPRT Essential Properties Realty | 2.21% | 204,044 | $6.5M | Add +37.4% |
| HIW Highwoods Properties Inc. | 2.16% | 204,510 | $6.4M | Add +21.7% |
| CUZ Cousins Properties Inc. | 2.14% | 209,960 | $6.3M | New |
| MAC The Macerich Co. | 2.07% | 375,570 | $6.1M | Reduce -12.4% |
| FCPT Four Corners Property Trust | 2.04% | 223,100 | $6.0M | Add +2.3% |
| AAT American Assets Trust Inc. | 1.99% | 295,620 | $5.8M | New |
| GTY Getty Realty Corp. | 1.61% | 171,330 | $4.7M | Reduce -11.1% |
| ARE Alexandria Real Estate Equit | 1.30% | 52,593 | $3.8M | Add +44.0% |
| SAFE Safehold Inc. | 1.20% | 225,983 | $3.5M | Reduce -7.5% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.61% | 54,940 | $1.8M | Reduce -23.6% |
| SCI Service Corp. International | 0.34% | 12,430 | $1.0M | Reduce -29.4% |
| EGP Eastgroup Properties Inc. | 0.22% | 3,825 | $639K | Reduce -26.4% |
Portfolio Sells Q1 2025 → Q2 2025
| PLD Prologis Inc. | Reduce -18.6% | 10.02% | −2.50 |
| EQIX Equinix Inc. | Reduce -21.4% | 6.84% | −1.69 |
| BXP BXP Inc. | Sold out | 0.00% | −1.67 |
| UDR Udr Inc. | Reduce -18.2% | 2.62% | −0.77 |
| KIM Kimco Realty Corp. | Reduce -19.2% | 3.08% | −0.60 |
| IRT Independence Realty Trust Inc. | Reduce -2.3% | 2.57% | −0.45 |
| GTY Getty Realty Corp. | Reduce -11.1% | 1.61% | −0.34 |
| MAA Mid-America Apartment Comm | Reduce -3.8% | 2.74% | −0.34 |
| MAC The Macerich Co. | Reduce -12.4% | 2.07% | −0.33 |
| SAFE Safehold Inc. | Reduce -7.5% | 1.20% | −0.29 |
| PSA Public Storage | Reduce -8.4% | 3.72% | −0.24 |
| SPG Simon Property Group Inc. | Reduce -7.6% | 3.16% | −0.22 |
| VICI Vici Properties Inc. | Reduce -23.6% | 0.61% | −0.15 |
| PECO Phillips Edison & Company Inc. | Reduce -5.3% | 2.71% | −0.14 |
| SCI Service Corp. International | Reduce -29.4% | 0.34% | −0.12 |
| EGP Eastgroup Properties Inc. | Reduce -26.4% | 0.22% | −0.08 |
| AMH American Homes 4 Rent- A | Reduce -2.1% | 2.52% | −0.06 |
| CUBE Cubesmart | Reduce -3.7% | 3.96% | +0.01 |
| WELL Welltower Inc. | Reduce -3.0% | 7.99% | +0.14 |
Portfolio Buys Q1 2025 → Q2 2025
| DLR Digital Realty Trust Inc. | Add +61.4% | 5.14% | +2.64 |
| CUZ Cousins Properties Inc. | New | 2.14% | +2.14 |
| AAT American Assets Trust Inc. | New | 1.99% | +1.99 |
| AMT American Tower Corp. | Add +2.4% | 11.67% | +0.94 |
| EPRT Essential Properties Realty | Add +37.4% | 2.21% | +0.64 |
| IRM Iron Mountain Inc. | Add +2.6% | 2.74% | +0.60 |
| HIW Highwoods Properties Inc. | Add +21.7% | 2.16% | +0.54 |
| ARE Alexandria Real Estate Equit | Add +44.0% | 1.30% | +0.20 |
| ELS Equity Lifestyle Properties | Add +9.4% | 2.48% | +0.14 |
| OHI Omega Healthcare Investors | Add +2.8% | 2.62% | +0.09 |
| VTR Ventas Inc. | Add +5.2% | 3.23% | +0.03 |
| FCPT Four Corners Property Trust | Add +2.3% | 2.04% | +0.01 |
| VRE Veris Residential Inc. | Add +3.2% | 2.31% | −0.12 |
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 |