Uniplan Investment Counsel, Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Uniplan Investment Counsel, Inc. reported 112 stock positions worth $1.2 billion. Its top holding was Equinix (EQIX) at 6.3% of the portfolio, followed by American Tower (AMT, 6.0%) and Simon Property (SPG, 4.1%). Compared with Q4 2023, it opened 13 new positions, sold out of 10, added to 34 and reduced 65. The biggest buy was a new position in American Homes 4 Rent- A (AMH) and the biggest sale an exit from American Homes 4 Rent- A.

Most Recent 13F
Q2 2026
Location
MILWAUKEE, WI
CIK
0001520710
Portfolio Value
$1.2B (Q1 2024)
SEC Filing
0001520710-24-000003 ↗ filed May 15, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.2B $1.2B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.1B Q3 2024 Q4 2024: $1.0B Q4 2024 Q1 2025: $997.4M Q1 2025 Q2 2025: $954.8M Q2 2025 Q3 2025: $982.9M Q3 2025 Q4 2025: $963.2M Q4 2025 Q1 2026: $943.6M Q1 2026 Q2 2026: $1.0B Q2 2026

Holdings 112 stocks · $1.2B

EQIX Equinix Inc. 6.28% 95,068 $78.5M Reduce -4.7%
AMT American Tower Corp. 5.99% 378,917 $74.9M Reduce -4.3%
SPG Simon Property Group Inc. 4.08% 325,538 $50.9M Reduce -5.0%
EGP Eastgroup Properties Inc. 3.84% 267,106 $48.0M Reduce -3.7%
TRNO Terreno Realty Corp. 3.68% 691,413 $45.9M Reduce -3.3%
CCI Crown Castle Inc. 3.47% 409,896 $43.4M Reduce -4.8%
WELL Welltower Inc. 3.40% 453,967 $42.4M Reduce -3.5%
PLD Prologis Inc. 2.98% 285,501 $37.2M Reduce -3.0%
KRG Kite Realty Group Trust 2.90% 1,672,798 $36.3M Reduce -4.4%
PSA Public Storage 2.73% 117,548 $34.1M Reduce -3.7%
GLPI Gaming and Leisure Propertie 2.58% 700,185 $32.3M Reduce -5.6%
AMH American Homes 4 Rent- A 2.58% 876,125 $32.2M New
EXR Extra Space Storage Inc. 2.57% 218,235 $32.1M Reduce -3.4%
VICI Vici Properties Inc. filed as VICI PPTYS INC 2.34% 979,116 $29.2M Reduce -5.6%
HST Host Hotels & Resorts Inc. 2.33% 1,408,328 $29.1M Reduce -3.5%
ARE Alexandria Real Estate Equit 1.98% 191,397 $24.7M Reduce -3.4%
WY Weyerhaeuser Co. 1.91% 663,096 $23.8M Reduce -3.6%
ELS Equity Lifestyle Properties 1.89% 366,131 $23.6M Reduce -2.9%
USFR Wisdomtree TR 1.77% 440,153 $22.1M New
AVB Avalonbay Communities Inc. 1.35% 91,004 $16.9M Reduce -3.7%
ESS Essex Property Trust Inc. 1.23% 62,758 $15.4M Reduce -2.2%
REG Regency Centers Corp. 1.17% 242,306 $14.7M Reduce -3.7%
SBAC SBA Communications Corp. 1.15% 66,310 $14.4M Reduce -3.9%
DLR Digital Realty Trust Inc. 1.12% 97,210 $14.0M Add +22.0%
CPT Camden Property Trust 1.11% 140,569 $13.8M Reduce -3.2%
FPI Farmland Partners Inc. 1.10% 1,236,421 $13.7M Reduce -1.0%
BXP BXP Inc. filed as BOSTON PROPERTIES INC 1.08% 206,028 $13.5M Reduce -2.2%
VTR Ventas Inc. 0.89% 255,341 $11.1M Reduce -2.3%
O Realty Income Corp. 0.88% 203,347 $11.0M Reduce -2.7%
ADC Agree Realty Corp. 0.84% 183,656 $10.5M Reduce -3.8%
MAA Mid-America Apartment Comm 0.82% 77,820 $10.2M Reduce -3.0%
AIV Apartment Invt & Mgmt Co. Class A 0.82% 1,245,883 $10.2M Reduce -3.0%
IDCC Interdigital Inc. 0.81% 95,273 $10.1M Reduce -5.1%
ABBV Abbvie Inc. 0.79% 54,465 $9.9M Reduce -14.0%
INVH Invitation Homes Inc. 0.72% 253,586 $9.0M Reduce -2.7%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.71% 68,906 $8.9M Reduce -3.2%
BLX Bladex Inc. filed as Banco Latinoamericano de Comercio Exterior SA 0.71% 298,306 $8.8M Add +0.9%
WMB Williams Cos Inc. 0.70% 225,349 $8.8M Reduce -13.7%
FANG Diamondback Energy Inc. 0.68% 43,109 $8.5M Reduce -14.0%
OHI Omega Healthcare Investors 0.68% 266,542 $8.4M Reduce -7.7%
PSTL Postal Realty Trust Inc. Class A 0.65% 566,920 $8.1M Add +8.9%
EPR Epr Properties filed as EPR PPTYS 0.64% 187,401 $8.0M Reduce -3.4%
HEES H&E Equipment Services Inc. 0.62% 120,074 $7.7M Add +1.0%
CAT Caterpillar Inc. 0.61% 20,702 $7.6M Reduce -13.0%
LINC Lincoln Educational Services 0.59% 719,442 $7.4M Add +1.9%
UFPT Ufp Technologies Inc. 0.54% 26,845 $6.8M Add +1.9%
NSSC Napco Security Technologies 0.51% 158,796 $6.4M Reduce -26.1%
KMI Kinder Morgan Inc. 0.51% 345,157 $6.3M Reduce -13.8%
VPG Vishay Precision Group 0.50% 178,327 $6.3M Reduce -1.4%
PLYM Plymouth Industrial REIT Inc. 0.47% 263,004 $5.9M Add +0.5%
CMBT CMB Tech NV filed as EURONAV NV 0.47% 349,297 $5.8M Reduce -13.7%
BIOX Bioceres Crop Solutions Corp. 0.46% 458,224 $5.8M Reduce -0.3%
COLL Collegium Pharmaceutical Inc. 0.46% 146,918 $5.7M Reduce -0.1%
AZZ Azz Inc. 0.41% 65,755 $5.1M Add +0.7%
SP SP Plus Corp. 0.41% 96,989 $5.1M Reduce -0.3%
CTS CTS Corp. 0.40% 106,778 $5.0M Add +0.5%
SIGA Siga Technologies Inc. 0.39% 573,700 $4.9M Add +0.3%
EQH Equitable Holdings Inc. 0.39% 128,373 $4.9M Reduce -12.8%
AOSL Alpha & Omega Semiconductor 0.38% 216,021 $4.8M Add +1.6%
BLFS Biolife Solutions Inc. 0.38% 253,860 $4.7M Add +2.6%
CASS Cass Information Systems Inc. 0.36% 94,046 $4.5M Add +2.2%
GRC Gorman-Rupp Co. 0.36% 113,913 $4.5M Add +0.8%
OKE Oneok Inc. 0.35% 54,882 $4.4M New
SAFE Safehold Inc. 0.35% 211,352 $4.4M New
SRTA Strata Critical Medical Inc. filed as BLADE AIR MOBILITY INC 0.34% 1,507,817 $4.3M Add +48.8%
VLO Valero Energy Corp. 0.34% 25,077 $4.3M Reduce -14.0%
MET Metlife Inc. 0.34% 57,731 $4.3M Reduce -13.6%
ARCC Ares Capital Corp. 0.32% 189,728 $4.0M New
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.31% 48,230 $3.9M Reduce -13.1%
UEC Uranium Energy Corp. 0.31% 567,917 $3.8M Reduce -21.7%
VZ Verizon Communications Inc. 0.31% 91,153 $3.8M New
PLUS Eplus Inc. 0.30% 47,246 $3.7M Reduce -18.3%
MTRN Materion Corp. 0.29% 27,691 $3.6M Add +0.6%
BWMN Bowman Consulting Group Ltd. 0.29% 103,013 $3.6M Add +70.5%
SPB Spectrum Brands Holdings Inc. 0.27% 37,984 $3.4M Reduce -12.9%
HDSN Hudson Technologies Inc. 0.27% 302,837 $3.3M Add +32.3%
WRK Westrock Co. 0.27% 67,406 $3.3M Reduce -12.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.26% 17,278 $3.3M Reduce -14.0%
AKYA Akoya Biosciences Inc. 0.26% 699,837 $3.3M Add +3.9%
SLP Simulations Plus Inc. 0.26% 78,852 $3.2M Add +1.6%
SEI Solaris Energy Infrastructur 0.26% 369,697 $3.2M Add +0.2%
KRUS Kura Sushi USA Inc. Class A 0.26% 27,670 $3.2M Add +2.5%
LGND Ligand Pharmaceuticals 0.24% 41,201 $3.0M New
AMGN Amgen Inc. 0.24% 10,442 $3.0M Reduce -12.4%
INVA Innoviva Inc. 0.23% 186,708 $2.8M Add +0.8%
XYLD Global X S&P 500 Cove Call E 0.23% 69,471 $2.8M Reduce -14.0%
SII Sprott Inc. 0.23% 76,649 $2.8M Add +40.5%
CCOI Cogent Communications Holdin 0.21% 40,451 $2.6M Reduce -13.9%
CWCO Consolidated Water Co.-Ord SH 0.21% 89,487 $2.6M Reduce -40.5%
MAMA Mama's Creations Inc. 0.21% 519,584 $2.6M Reduce -2.0%
SPOK Spok Holdings Inc. filed as SPOK HLDGS INC 0.20% 156,097 $2.5M Reduce -0.2%
KRT Karat Packaging Inc. 0.20% 85,351 $2.4M Add +1.1%
DVN Devon Energy Corp. 0.19% 47,667 $2.4M Reduce -13.3%
EFC Ellington Financial Inc. 0.18% 195,124 $2.3M Reduce -13.0%
HWKN Hawkins Inc. 0.18% 28,708 $2.2M New
LFMD Lifemd Inc. 0.18% 213,058 $2.2M Add +75.7%
PKE Park Aerospace Corp. 0.17% 129,202 $2.1M Add +46.8%
HGBL Heritage Global Inc. 0.17% 808,363 $2.1M Add +1.4%
COHR II-Vi Inc. filed as Coherent Corp. 0.17% 34,665 $2.1M New
MDWD Mediwound Ltd. 0.17% 146,110 $2.1M Add +0.6%

Show all 112 holdings

Other holdings (10): bonds, preferreds, convertibles and warrants · $23.8M (not counted above)
SecurityClassShares / PrincipalValueChange
AT&T INC (T 4.75 PERP C) PFD 212,952$4.3MReduce -12.8%
PUBLIC STORAGE (PSA 5.6 PERP H) Common Stock 121,394$3.0MReduce -14.5%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 2,468$2.9MReduce -14.0%
EQUITY COMMONWEALTH (EQC 6.5 PERP D) 6.5% CNV PFD D 106,823$2.7MReduce -13.9%
TRITON INTERNATIONAL LTD (TRTN 8 PERP B) PFD 92,155$2.3MNew
MEDALLION BANK UTAH (MEDBNK V0 PERP F) PFD 72,385$1.8MReduce -16.8%
REDWOOD TRUST INC (RWT V10 PERP) COM 71,578$1.8MReduce -13.0%
EPR PROPERTIES (EPR 5.75 PERP C) PFD C CV 5.75% 92,677$1.8MReduce -11.4%
COMPASS DIVERSIF HOLDING (CODI 7.875 PERP C) PREFERREDSTK 66,623$1.7MReduce -13.5%
ADAMAS TRUST INC (ADAM V7.875 PERP E) PFD 70,867$1.6MReduce -14.1%

Total filed on the 13F, all lines: $1.3B.

Portfolio Sells Q4 2023 → Q1 2024

AMERICAN HOMES 4 RENT- A Sold out 0.00% −2.50
USFR Wisdomtree Floating Rate Tre Sold out 0.00% −2.16
BG Bunge Global SA Sold out 0.00% −0.61
AMT American Tower Corp. Reduce -4.3% 5.99% −0.52
SAFE Safehold Inc. Sold out 0.00% −0.39
CCI Crown Castle Inc. Reduce -4.8% 3.47% −0.31
MBGYY Mercedes-Benz Group-Unsp ADR Sold out 0.00% −0.30
LUXURBAN HOTELS INC Sold out 0.00% −0.21
GLPI Gaming and Leisure Propertie Reduce -5.6% 2.58% −0.21
WGHTQ WW International Inc. Sold out 0.00% −0.20
EXR Extra Space Storage Inc. Reduce -3.4% 2.57% −0.20
TRITON INTERNATIONAL LTD Sold out 0.00% −0.20
PINE Alpine Income Property Trust Reduce -60.3% 0.12% −0.20
CWCO Consolidated Water Co.-Ord SH Reduce -40.5% 0.21% −0.20
VICI Vici Properties Inc. Reduce -5.6% 2.34% −0.19
SBAC SBA Communications Corp. Reduce -3.9% 1.15% −0.18
KRG Kite Realty Group Trust Reduce -4.4% 2.90% −0.18
ELS Equity Lifestyle Properties Reduce -2.9% 1.89% −0.16
BKTI BK Technologies Corp. Sold out 0.00% −0.14
COHR Coherent Corp. Sold out 0.00% −0.13
FPI Farmland Partners Inc. Reduce -1.0% 1.10% −0.12
VTR Ventas Inc. Reduce -2.3% 0.89% −0.12
PSA Public Storage Reduce -3.7% 2.73% −0.12
REG Regency Centers Corp. Reduce -3.7% 1.17% −0.11
EPR Epr Properties Reduce -3.4% 0.64% −0.08
ADC Agree Realty Corp. Reduce -3.8% 0.84% −0.08
CMBT CMB Tech NV Reduce -13.7% 0.47% −0.08
BXP BXP Inc. Reduce -2.2% 1.08% −0.07
NSSC Napco Security Technologies Reduce -26.1% 0.51% −0.06
CCOI Cogent Communications Holdin Reduce -13.9% 0.21% −0.06
PLUS Eplus Inc. Reduce -18.3% 0.30% −0.06
UEC Uranium Energy Corp. Reduce -21.7% 0.31% −0.05
O Realty Income Corp. Reduce -2.7% 0.88% −0.05
EGP Eastgroup Properties Inc. Reduce -3.7% 3.84% −0.04
PLD Prologis Inc. Reduce -3.0% 2.98% −0.04
EFC Ellington Financial Inc. Reduce -13.0% 0.18% −0.03
KMI Kinder Morgan Inc. Reduce -13.8% 0.51% −0.03
AMGN Amgen Inc. Reduce -12.4% 0.24% −0.02
IDCC Interdigital Inc. Reduce -5.1% 0.81% −0.02
SUI Sun Communities Inc. Reduce -3.2% 0.71% −0.02
XYLD Global X S&P 500 Cove Call E Reduce -14.0% 0.23% −0.01
BIOX Bioceres Crop Solutions Corp. Reduce -0.3% 0.46% −0.01
CPK Chesapeake Utilities Corp. Reduce -13.7% 0.12% −0.01
MAA Mid-America Apartment Comm Reduce -3.0% 0.82% −0.01
AVB Avalonbay Communities Inc. Reduce -3.7% 1.35% −0.00
OHI Omega Healthcare Investors Reduce -7.7% 0.68% −0.00
DVN Devon Energy Corp. Reduce -13.3% 0.19% +0.00
ESS Essex Property Trust Inc. Reduce -2.2% 1.23% +0.00
CPT Camden Property Trust Reduce -3.2% 1.11% +0.00
SPB Spectrum Brands Holdings Inc. Reduce -12.9% 0.27% +0.00

Portfolio Buys Q4 2023 → Q1 2024

AMH American Homes 4 Rent- A New 2.58% +2.58
USFR Wisdomtree TR New 1.77% +1.77
OKE Oneok Inc. New 0.35% +0.35
SAFE Safehold Inc. New 0.35% +0.35
ARCC Ares Capital Corp. New 0.32% +0.32
VZ Verizon Communications Inc. New 0.31% +0.31
DLR Digital Realty Trust Inc. Add +22.0% 1.12% +0.30
LGND Ligand Pharmaceuticals New 0.24% +0.24
UFPT Ufp Technologies Inc. Add +1.9% 0.54% +0.19
HWKN Hawkins Inc. New 0.18% +0.18
COHR II-Vi Inc. New 0.17% +0.17
BKTI BK Technologies Corporation New 0.16% +0.16
SIGA Siga Technologies Inc. Add +0.3% 0.39% +0.15
BLX Bladex Inc. Add +0.9% 0.71% +0.15
HEES H&E Equipment Services Inc. Add +1.0% 0.62% +0.14
BWMN Bowman Consulting Group Ltd. Add +70.5% 0.29% +0.12
AZZ Azz Inc. Add +0.7% 0.41% +0.12
LFMD Lifemd Inc. Add +75.7% 0.18% +0.10
KRUS Kura Sushi USA Inc. Class A Add +2.5% 0.26% +0.10
SII Sprott Inc. Add +40.5% 0.23% +0.09
GSL Global Ship Lease Inc. Class A New 0.07% +0.07
PKE Park Aerospace Corp. Add +46.8% 0.17% +0.07
PSTL Postal Realty Trust Inc. Class A Add +8.9% 0.65% +0.07
SRTA Strata Critical Medical Inc. Add +48.8% 0.34% +0.07
HOUS Anywhere Real Estate Inc. New 0.07% +0.07
BLFS Biolife Solutions Inc. Add +2.6% 0.38% +0.06
FVRR Fiverr International Ltd. New 0.06% +0.06
GRC Gorman-Rupp Co. Add +0.8% 0.36% +0.05
MDWD Mediwound Ltd. Add +0.6% 0.17% +0.05
LINC Lincoln Educational Services Add +1.9% 0.59% +0.05
CTS CTS Corp. Add +0.5% 0.40% +0.05
CASS Cass Information Systems Inc. Add +2.2% 0.36% +0.04
HDSN Hudson Technologies Inc. Add +32.3% 0.27% +0.04
KRT Karat Packaging Inc. Add +1.1% 0.20% +0.03
SEI Solaris Energy Infrastructur Add +0.2% 0.26% +0.03
CVEO Civeo Corp. Add +1.8% 0.10% +0.02
MTRN Materion Corp. Add +0.6% 0.29% +0.02
NPKI NPK International Inc. Add +0.5% 0.14% +0.02
IIIN Insteel Industries Inc. Add +1.5% 0.12% +0.01
CEVA Ceva Inc. Add +3.4% 0.08% +0.01
AKYA Akoya Biosciences Inc. Add +3.9% 0.26% +0.00
INVA Innoviva Inc. Add +0.8% 0.23% +0.00
HGBL Heritage Global Inc. Add +1.4% 0.17% 0.00
PLYM Plymouth Industrial REIT Inc. Add +0.5% 0.47% −0.01
SLP Simulations Plus Inc. Add +1.6% 0.26% −0.01
BRLT Brilliant Earth Group Inc. Class A Add +29.8% 0.10% −0.01
AOSL Alpha & Omega Semiconductor Add +1.6% 0.38% −0.05

Notes & Other Activity Q4 2023 → Q1 2024

AT&T INC (T 4.75 PERP C) PFD Reduce -12.8% 212,952 $4.3M
PUBLIC STORAGE (PSA 5.6 PERP H) Common Stock Reduce -14.5% 121,394 $3.0M
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -14.0% 2,468 $2.9M
EQUITY COMMONWEALTH (EQC 6.5 PERP D) 6.5% CNV PFD D Reduce -13.9% 106,823 $2.7M
TRITON INTERNATIONAL LTD (TRTN 8 PERP B) PFD New 92,155 $2.3M
MEDALLION BANK UTAH (MEDBNK V0 PERP F) PFD Reduce -16.8% 72,385 $1.8M
REDWOOD TRUST INC (RWT V10 PERP) COM Reduce -13.0% 71,578 $1.8M
EPR PROPERTIES (EPR 5.75 PERP C) PFD C CV 5.75% Reduce -11.4% 92,677 $1.8M
COMPASS DIVERSIF HOLDING (CODI 7.875 PERP C) PREFERREDSTK Reduce -13.5% 66,623 $1.7M
ADAMAS TRUST INC (ADAM V7.875 PERP E) PFD Reduce -14.1% 70,867 $1.6M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 162$1.0BWELL, EQIX, PLD, SPG, DLR
Q1 2026 168$943.6MEQIX, WELL, AMT, SPG, USFR
Q4 2025Amended 170$963.2MWELL, EQIX, SPG, AMT, PLD
Q3 2025 162$982.9MWELL, EQIX, AMT, SPG, EGP
Q2 2025 159$954.8MAMT, EQIX, WELL, SPG, USFR
Q1 2025 161$997.4MEQIX, AMT, WELL, SPG, EGP
Q4 2024 115$1.0BEQIX, AMT, SPG, WELL, KRG
Q3 2024 108$1.1BAMT, EQIX, WELL, SPG, EGP
Q2 2024 107$1.1BAMT, EQIX, SPG, WELL, EGP
Q1 2024 112$1.2BEQIX, AMT, SPG, EGP, TRNO