B&I Capital AG
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 6, 2026), B&I Capital AG reported 24 stock positions worth $294.1 million. Its top holding was Prologis (PLD) at 15.0% of the portfolio, followed by Welltower (WELL, 11.9%) and American Tower (AMT, 9.0%). Compared with Q4 2025, it opened 3 new positions, sold out of 4, added to 12 and reduced 7. The biggest buy was a new position in Avalonbay Communities (AVB) and the biggest sale an exit from Cubesmart (CUBE).
- Most Recent 13F
- Q2 2026
- Location
- ZURICH, V8
- CIK
- 0001843527
- Portfolio Value
- $294.1M (Q1 2026)
- SEC Filing
- 0001843527-26-000002 ↗ filed May 6, 2026
Holdings Value
Holdings 24 stocks · $294.1M
| PLD Prologis Inc. | 14.96% | 332,721 | $44.0M | Add +11.8% |
| WELL Welltower Inc. | 11.86% | 176,358 | $34.9M | Reduce -3.0% |
| AMT American Tower Corp. | 9.01% | 153,488 | $26.5M | Reduce -14.3% |
| EQIX Equinix Inc. | 7.62% | 22,860 | $22.4M | Add +6.5% |
| PSA Public Storage | 6.85% | 74,400 | $20.2M | Add +90.8% |
| SPG Simon Property Group Inc. | 4.40% | 69,385 | $12.9M | No change |
| DLR Digital Realty Trust Inc. | 4.09% | 66,691 | $12.0M | Reduce -4.7% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 4.05% | 116,467 | $11.9M | Add +1.5% |
| AHR American Healthcare REIT Inc. | 4.01% | 249,770 | $11.8M | Add +10.2% |
| CTRE Caretrust REIT Inc. | 3.81% | 305,900 | $11.2M | Add +0.7% |
| AVB Avalonbay Communities Inc. | 3.81% | 68,530 | $11.2M | New |
| PECO Phillips Edison & Company Inc. | 3.54% | 277,931 | $10.4M | No change |
| IVT Inventrust Properties Corp. | 3.21% | 310,250 | $9.5M | Add +3.7% |
| FCPT Four Corners Property Trust | 2.91% | 361,237 | $8.5M | Add +12.3% |
| EPRT Essential Properties Realty | 2.90% | 281,284 | $8.5M | Add +11.0% |
| ELS Equity Lifestyle Properties | 2.64% | 124,522 | $7.8M | Add +8.3% |
| MAA Mid-America Apartment Comm | 2.50% | 60,225 | $7.4M | Add +9.6% |
| AMH American Homes 4 Rent- A | 1.76% | 185,880 | $5.2M | Reduce -6.7% |
| IRT Independence Realty Trust Inc. | 1.49% | 294,460 | $4.4M | Reduce -42.4% |
| MAC The Macerich Co. | 1.44% | 224,232 | $4.2M | Add +7.2% |
| SLG SL Green Realty Corp. | 1.31% | 104,500 | $3.9M | New |
| CUZ Cousins Properties Inc. | 1.25% | 162,830 | $3.7M | Reduce -21.2% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.43% | 46,060 | $1.3M | Reduce -10.3% |
| CBRE CBRE Group Inc. Class A | 0.16% | 3,450 | $467K | New |
Portfolio Sells Q4 2025 → Q1 2026
| CUBE Cubesmart | Sold out | 0.00% | −3.13 |
| UDR Udr Inc. | Sold out | 0.00% | −2.24 |
| AMT American Tower Corp. | Reduce -14.3% | 9.01% | −2.17 |
| HIW Highwoods Properties Inc. | Sold out | 0.00% | −1.75 |
| IRT Independence Realty Trust Inc. | Reduce -42.4% | 1.49% | −1.68 |
| VRE Veris Residential Inc. | Sold out | 0.00% | −0.98 |
| CUZ Cousins Properties Inc. | Reduce -21.2% | 1.25% | −0.65 |
| AMH American Homes 4 Rent- A | Reduce -6.7% | 1.76% | −0.51 |
| WELL Welltower Inc. | Reduce -3.0% | 11.86% | −0.15 |
| VICI Vici Properties Inc. | Reduce -10.3% | 0.43% | −0.09 |
| DLR Digital Realty Trust Inc. | Reduce -4.7% | 4.09% | +0.24 |
Portfolio Buys Q4 2025 → Q1 2026
| AVB Avalonbay Communities Inc. | New | 3.81% | +3.81 |
| PSA Public Storage | Add +90.8% | 6.85% | +3.25 |
| EQIX Equinix Inc. | Add +6.5% | 7.62% | +1.77 |
| PLD Prologis Inc. | Add +11.8% | 14.96% | +1.44 |
| SLG SL Green Realty Corp. | New | 1.31% | +1.31 |
| IRM Iron Mountain Inc. | Add +1.5% | 4.05% | +0.66 |
| FCPT Four Corners Property Trust | Add +12.3% | 2.91% | +0.27 |
| EPRT Essential Properties Realty | Add +11.0% | 2.90% | +0.23 |
| AHR American Healthcare REIT Inc. | Add +10.2% | 4.01% | +0.21 |
| IVT Inventrust Properties Corp. | Add +3.7% | 3.21% | +0.21 |
| ELS Equity Lifestyle Properties | Add +8.3% | 2.64% | +0.16 |
| CBRE CBRE Group Inc. Class A | New | 0.16% | +0.16 |
| MAC The Macerich Co. | Add +7.2% | 1.44% | +0.07 |
| CTRE Caretrust REIT Inc. | Add +0.7% | 3.81% | −0.10 |
| MAA Mid-America Apartment Comm | Add +9.6% | 2.50% | −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 |