B&I Capital AG
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), B&I Capital AG reported 29 stock positions worth $288.9 million. Its top holding was American Tower (AMT) at 12.0% of the portfolio, followed by Prologis (PLD, 11.1%) and Welltower (WELL, 10.0%). Compared with Q2 2025, it sold out of 2, added to 13 and reduced 16. The biggest buy was Welltower (WELL, shares +6%) and the biggest sale an exit from Getty Realty (GTY).
- Most Recent 13F
- Q2 2026
- Location
- ZURICH, V8
- CIK
- 0001843527
- Portfolio Value
- $288.9M (Q3 2025)
- SEC Filing
- 0001843527-25-000006 ↗ filed Nov 4, 2025
Holdings Value
Holdings 29 stocks · $288.9M
| AMT American Tower Corp. | 12.03% | 180,758 | $34.8M | Add +16.4% |
| PLD Prologis Inc. | 11.05% | 278,811 | $31.9M | Reduce -0.5% |
| WELL Welltower Inc. | 9.96% | 161,440 | $28.8M | Add +5.7% |
| EQIX Equinix Inc. | 6.48% | 23,890 | $18.7M | Reduce -5.5% |
| CUBE Cubesmart | 3.89% | 276,190 | $11.2M | Add +0.9% |
| PSA Public Storage | 3.72% | 37,215 | $10.7M | Reduce -0.1% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 3.63% | 102,970 | $10.5M | Add +30.9% |
| DLR Digital Realty Trust Inc. | 3.55% | 59,341 | $10.3M | Reduce -31.6% |
| SPG Simon Property Group Inc. | 3.51% | 54,035 | $10.1M | Reduce -6.4% |
| VTR Ventas Inc. | 3.49% | 144,105 | $10.1M | Reduce -4.1% |
| KIM Kimco Realty Corp. | 3.01% | 398,042 | $8.7M | Reduce -7.6% |
| PECO Phillips Edison & Company Inc. | 2.75% | 231,831 | $8.0M | Add +2.0% |
| OHI Omega Healthcare Investors | 2.72% | 186,240 | $7.9M | Reduce -11.5% |
| IRT Independence Realty Trust Inc. | 2.71% | 478,360 | $7.8M | Add +12.2% |
| MAC The Macerich Co. | 2.45% | 388,432 | $7.1M | Add +3.4% |
| ELS Equity Lifestyle Properties | 2.41% | 114,872 | $7.0M | Reduce -2.7% |
| MAA Mid-America Apartment Comm | 2.39% | 49,475 | $6.9M | Reduce -9.0% |
| AMH American Homes 4 Rent- A | 2.38% | 206,980 | $6.9M | Add +0.7% |
| HIW Highwoods Properties Inc. | 2.35% | 212,920 | $6.8M | Add +4.1% |
| EPRT Essential Properties Realty | 2.34% | 226,784 | $6.7M | Add +11.1% |
| FCPT Four Corners Property Trust | 2.27% | 268,787 | $6.6M | Add +20.5% |
| ARE Alexandria Real Estate Equit | 2.26% | 78,473 | $6.5M | Add +49.2% |
| CUZ Cousins Properties Inc. | 2.10% | 209,980 | $6.1M | Add +0.0% |
| AAT American Assets Trust Inc. | 2.01% | 285,996 | $5.8M | Reduce -3.3% |
| UDR Udr Inc. | 2.01% | 155,770 | $5.8M | Reduce -17.4% |
| VRE Veris Residential Inc. | 0.97% | 184,640 | $2.8M | Reduce -59.4% |
| SAFE Safehold Inc. | 0.68% | 126,174 | $2.0M | Reduce -44.2% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.54% | 47,960 | $1.6M | Reduce -12.7% |
| SCI Service Corp. International | 0.32% | 11,080 | $922K | Reduce -10.9% |
Portfolio Sells Q2 2025 → Q3 2025
| GTY Getty Realty Corp. | Sold out | 0.00% | −1.61 |
| DLR Digital Realty Trust Inc. | Reduce -31.6% | 3.55% | −1.59 |
| VRE Veris Residential Inc. | Reduce -59.4% | 0.97% | −1.33 |
| UDR Udr Inc. | Reduce -17.4% | 2.01% | −0.61 |
| SAFE Safehold Inc. | Reduce -44.2% | 0.68% | −0.52 |
| EQIX Equinix Inc. | Reduce -5.5% | 6.48% | −0.36 |
| MAA Mid-America Apartment Comm | Reduce -9.0% | 2.39% | −0.34 |
| EGP Eastgroup Properties Inc. | Sold out | 0.00% | −0.22 |
| KIM Kimco Realty Corp. | Reduce -7.6% | 3.01% | −0.07 |
| VICI Vici Properties Inc. | Reduce -12.7% | 0.54% | −0.07 |
| ELS Equity Lifestyle Properties | Reduce -2.7% | 2.41% | −0.06 |
| SCI Service Corp. International | Reduce -10.9% | 0.32% | −0.03 |
| PSA Public Storage | Reduce -0.1% | 3.72% | +0.00 |
| AAT American Assets Trust Inc. | Reduce -3.3% | 2.01% | +0.03 |
| OHI Omega Healthcare Investors | Reduce -11.5% | 2.72% | +0.10 |
| VTR Ventas Inc. | Reduce -4.1% | 3.49% | +0.26 |
| SPG Simon Property Group Inc. | Reduce -6.4% | 3.51% | +0.35 |
| PLD Prologis Inc. | Reduce -0.5% | 11.05% | +1.03 |
Portfolio Buys Q2 2025 → Q3 2025
| WELL Welltower Inc. | Add +5.7% | 9.96% | +1.97 |
| ARE Alexandria Real Estate Equit | Add +49.2% | 2.26% | +0.96 |
| IRM Iron Mountain Inc. | Add +30.9% | 3.63% | +0.89 |
| MAC The Macerich Co. | Add +3.4% | 2.45% | +0.38 |
| AMT American Tower Corp. | Add +16.4% | 12.03% | +0.36 |
| FCPT Four Corners Property Trust | Add +20.5% | 2.27% | +0.23 |
| HIW Highwoods Properties Inc. | Add +4.1% | 2.35% | +0.18 |
| IRT Independence Realty Trust Inc. | Add +12.2% | 2.71% | +0.15 |
| EPRT Essential Properties Realty | Add +11.1% | 2.34% | +0.12 |
| PECO Phillips Edison & Company Inc. | Add +2.0% | 2.75% | +0.05 |
| CUZ Cousins Properties Inc. | Add +0.0% | 2.10% | −0.04 |
| CUBE Cubesmart | Add +0.9% | 3.89% | −0.07 |
| AMH American Homes 4 Rent- A | Add +0.7% | 2.38% | −0.14 |
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 |