Uniplan Investment Counsel, Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Uniplan Investment Counsel, Inc. reported 108 stock positions worth $1.1 billion. Its top holding was American Tower (AMT) at 6.1% of the portfolio, followed by Equinix (EQIX, 5.9%) and Welltower (WELL, 4.0%). Compared with Q2 2024, it opened 10 new positions, sold out of 9, added to 17 and reduced 81. The biggest buy was a new position in Vail Resorts (MTN) and the biggest sale an exit from Host Hotels & Resorts (HST).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001520710
- Portfolio Value
- $1.1B (Q3 2024)
- SEC Filing
- 0001520710-24-000005 ↗ filed Nov 14, 2024
Holdings Value
Holdings 108 stocks · $1.1B
| AMT American Tower Corp. | 6.09% | 294,098 | $68.4M | Reduce -8.5% |
| EQIX Equinix Inc. | 5.94% | 75,107 | $66.7M | Reduce -8.5% |
| WELL Welltower Inc. | 3.99% | 350,361 | $44.9M | Reduce -8.5% |
| SPG Simon Property Group Inc. | 3.89% | 258,378 | $43.7M | Reduce -8.0% |
| EGP Eastgroup Properties Inc. | 3.42% | 205,811 | $38.4M | Reduce -8.4% |
| CCI Crown Castle Inc. | 3.41% | 322,753 | $38.3M | Reduce -8.2% |
| TRNO Terreno Realty Corp. | 3.19% | 536,662 | $35.9M | Reduce -8.4% |
| KRG Kite Realty Group Trust | 3.13% | 1,325,150 | $35.2M | Reduce -8.0% |
| PSA Public Storage | 2.96% | 91,485 | $33.3M | Reduce -7.9% |
| EXR Extra Space Storage Inc. | 2.70% | 168,180 | $30.3M | Reduce -8.7% |
| GLPI Gaming and Leisure Propertie | 2.56% | 558,758 | $28.7M | Reduce -7.8% |
| PLD Prologis Inc. | 2.47% | 219,878 | $27.8M | Reduce -8.7% |
| USFR Wisdomtree Floating Rate Tre | 2.33% | 521,273 | $26.2M | Add +4.5% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 2.32% | 783,472 | $26.1M | Reduce -7.9% |
| AMH American Homes 4 Rent- A | 2.31% | 675,785 | $25.9M | Reduce -8.4% |
| VTR Ventas Inc. | 1.88% | 329,824 | $21.2M | Add +53.2% |
| ELS Equity Lifestyle Properties | 1.79% | 281,827 | $20.1M | Reduce -8.6% |
| WY Weyerhaeuser Co. | 1.76% | 583,563 | $19.8M | Add +4.5% |
| AVB Avalonbay Communities Inc. | 1.42% | 70,819 | $16.0M | Reduce -7.8% |
| ESS Essex Property Trust Inc. | 1.28% | 48,712 | $14.4M | Reduce -8.0% |
| REG Regency Centers Corp. | 1.20% | 186,670 | $13.5M | Reduce -8.4% |
| CPT Camden Property Trust | 1.18% | 107,717 | $13.3M | Reduce -8.9% |
| BXP BXP Inc. | 1.14% | 158,494 | $12.8M | Reduce -8.6% |
| SBAC SBA Communications Corp. | 1.09% | 50,903 | $12.3M | Reduce -8.8% |
| DLR Digital Realty Trust Inc. | 1.08% | 75,237 | $12.2M | Reduce -8.2% |
| FPI Farmland Partners Inc. | 0.99% | 1,061,140 | $11.1M | Reduce -5.8% |
| ADC Agree Realty Corp. | 0.95% | 142,332 | $10.7M | Reduce -8.2% |
| INVH Invitation Homes Inc. | 0.95% | 303,864 | $10.7M | Add +42.1% |
| MTN Vail Resorts Inc. | 0.90% | 57,836 | $10.1M | New |
| ABBV Abbvie Inc. | 0.89% | 50,439 | $10.0M | Reduce -5.7% |
| O Realty Income Corp. | 0.88% | 156,449 | $9.9M | Reduce -8.6% |
| WMB Williams Cos Inc. | 0.85% | 209,150 | $9.5M | Reduce -5.6% |
| MAA Mid-America Apartment Comm | 0.85% | 59,779 | $9.5M | Reduce -8.4% |
| BLX Bladex Inc. filed as BANCO LATINOAMER EXPORT S A CL | 0.84% | 291,887 | $9.5M | Reduce -1.9% |
| IDCC Interdigital Inc. | 0.83% | 65,790 | $9.3M | Reduce -15.2% |
| AHRT Ah Realty Trust Inc. filed as ARMADA HOFFLER PPTYS INC | 0.78% | 963,989 | $8.7M | New |
| UFPT Ufp Technologies Inc. | 0.75% | 26,441 | $8.4M | Reduce -1.9% |
| HR Healthcare Realty Trust Inc. | 0.71% | 439,029 | $8.0M | New |
| AOSL Alpha & Omega Semiconductor | 0.64% | 193,847 | $7.2M | Reduce -9.8% |
| PSTL Postal Realty Trust Inc. Class A | 0.64% | 490,193 | $7.2M | Reduce -5.3% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.64% | 53,097 | $7.2M | Reduce -8.5% |
| EPR Epr Properties filed as EPR PPTYS | 0.63% | 145,391 | $7.1M | Reduce -8.0% |
| KMI Kinder Morgan Inc. | 0.63% | 320,029 | $7.1M | Reduce -5.7% |
| FANG Diamondback Energy Inc. | 0.62% | 40,119 | $6.9M | Reduce -5.3% |
| BLFS Biolife Solutions Inc. | 0.55% | 248,649 | $6.2M | Reduce -1.6% |
| LINC Lincoln Educational Services | 0.54% | 509,206 | $6.1M | Reduce -13.4% |
| SII Sprott Inc. | 0.53% | 137,294 | $5.9M | Add +21.7% |
| PLYM Plymouth Industrial REIT Inc. | 0.52% | 258,021 | $5.8M | Reduce -1.9% |
| GRC Gorman-Rupp Co. | 0.51% | 147,566 | $5.7M | Reduce -2.0% |
| HWKN Hawkins Inc. | 0.51% | 44,976 | $5.7M | Reduce -2.4% |
| COLL Collegium Pharmaceutical Inc. | 0.49% | 143,884 | $5.6M | Reduce -1.7% |
| CMBT CMB Tech NV filed as EURONAV NV | 0.48% | 325,470 | $5.4M | Reduce -5.1% |
| AZZ Azz Inc. | 0.48% | 64,670 | $5.3M | Reduce -1.8% |
| LGND Ligand Pharmaceuticals | 0.47% | 53,104 | $5.3M | Add +7.0% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.47% | 44,702 | $5.3M | Reduce -5.7% |
| MAMA Mama's Creations Inc. | 0.46% | 706,362 | $5.2M | Reduce -1.9% |
| CTS CTS Corp. | 0.45% | 104,725 | $5.1M | Reduce -2.0% |
| EQH Equitable Holdings Inc. | 0.45% | 119,157 | $5.0M | Reduce -5.7% |
| INVA Innoviva Inc. | 0.42% | 244,854 | $4.7M | Reduce -1.7% |
| NSSC Napco Security Technologies | 0.41% | 114,535 | $4.6M | Reduce -27.6% |
| OKE Oneok Inc. | 0.41% | 50,838 | $4.6M | Reduce -5.7% |
| SEI Solaris Energy Infrastructur | 0.41% | 361,701 | $4.6M | Reduce -1.9% |
| OHI Omega Healthcare Investors | 0.40% | 111,585 | $4.5M | Reduce -5.8% |
| DAKT Daktronics Inc. | 0.40% | 349,568 | $4.5M | Add +27.1% |
| MET Metlife Inc. | 0.39% | 53,424 | $4.4M | Reduce -6.0% |
| SAFE Safehold Inc. | 0.38% | 163,037 | $4.3M | Reduce -8.7% |
| UEC Uranium Energy Corp. | 0.38% | 685,001 | $4.3M | Add +21.9% |
| HHH Howard Hughes Holdings Inc. | 0.36% | 52,448 | $4.1M | New |
| DD Dupont DE Nemours Inc. | 0.34% | 43,076 | $3.8M | Reduce -5.7% |
| CASS Cass Information Systems Inc. | 0.34% | 91,823 | $3.8M | Reduce -2.2% |
| VZ Verizon Communications Inc. | 0.34% | 84,631 | $3.8M | Reduce -5.5% |
| ARCC Ares Capital Corp. | 0.33% | 175,725 | $3.7M | Reduce -5.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.31% | 15,889 | $3.5M | Reduce -6.3% |
| NPKI NPK International Inc. filed as NEWPARK RES INC | 0.31% | 494,442 | $3.4M | Add +23.5% |
| GDYN Grid Dynamics Holdings Inc. | 0.30% | 244,599 | $3.4M | Reduce -1.8% |
| SIGA Siga Technologies Inc. | 0.30% | 506,389 | $3.4M | Add +46.0% |
| AIV Apartment Invt & Mgmt Co. Class A | 0.30% | 310,358 | $3.4M | Reduce -70.5% |
| SPB Spectrum Brands Holdings Inc. | 0.30% | 35,149 | $3.3M | Reduce -6.0% |
| HEES H&E Equipment Services Inc. | 0.29% | 67,684 | $3.3M | Reduce -31.9% |
| VLO Valero Energy Corp. | 0.28% | 23,236 | $3.1M | Reduce -5.8% |
| SW Smurfit Westrock PLC | 0.28% | 63,126 | $3.1M | New |
| SPOK Spok Holdings Inc. filed as SPOK HLDGS INC | 0.28% | 205,741 | $3.1M | Reduce -1.9% |
| AMGN Amgen Inc. | 0.27% | 9,534 | $3.1M | Reduce -6.6% |
| SRTA Strata Critical Medical Inc. filed as BLADE AIR MOBILITY INC | 0.27% | 1,042,047 | $3.1M | Add +23.3% |
| UTI Universal Technical Institut | 0.27% | 187,730 | $3.1M | New |
| BWMN Bowman Consulting Group Ltd. | 0.27% | 126,591 | $3.0M | Add +144.1% |
| COHR Coherent Corp. | 0.26% | 32,251 | $2.9M | Reduce -5.4% |
| CCOI Cogent Communications Holdin | 0.25% | 37,325 | $2.8M | Reduce -5.9% |
| CVEO Civeo Corp. | 0.25% | 101,949 | $2.8M | Reduce -1.5% |
| NWPX NWPX Infrastructure Inc. filed as NORTHWEST PIPE CO | 0.24% | 59,952 | $2.7M | Reduce -2.3% |
| XYLD Global X S&P 500 Cove Call E | 0.24% | 64,119 | $2.7M | Reduce -6.2% |
| PKE Park Aerospace Corp. | 0.24% | 203,159 | $2.6M | Add +20.7% |
| BKTI BK Technologies Corp. | 0.22% | 115,724 | $2.5M | Reduce -12.0% |
| RDVT Red Violet Inc. | 0.22% | 85,996 | $2.4M | Reduce -1.7% |
| EFC Ellington Financial Inc. | 0.21% | 181,171 | $2.3M | Reduce -5.6% |
| VPG Vishay Precision Group | 0.20% | 86,638 | $2.2M | Reduce -51.2% |
| WULF Terawulf Inc. | 0.19% | 458,936 | $2.1M | Add +92.5% |
| EU Encore Energy Corp. | 0.19% | 522,847 | $2.1M | Add +142.2% |
| PLGO Pelagos Insurance Capital LT filed as FIDELIS INSURANCE HOLDINGS L | 0.19% | 115,456 | $2.1M | New |
| SLP Simulations Plus Inc. | 0.18% | 64,059 | $2.1M | Reduce -34.9% |
| LFMD Lifemd Inc. | 0.18% | 390,352 | $2.0M | Reduce -1.7% |
| PUMP Propetro Holding Corp. | 0.18% | 260,210 | $2.0M | Add +111.8% |
| CWEN Clearway Energy Inc. Class C | 0.18% | 64,920 | $2.0M | New |
| DVN Devon Energy Corp. | 0.15% | 44,264 | $1.7M | Reduce -5.8% |
| CPK Chesapeake Utilities Corp. | 0.14% | 12,906 | $1.6M | Reduce -5.7% |
| BTBT Bit Digital Inc. | 0.11% | 341,514 | $1.2M | New |
| BBW Build-A-Bear Workshop Inc. | 0.10% | 32,096 | $1.1M | New |
| BRLT Brilliant Earth Group Inc. Class A | 0.09% | 490,890 | $1.1M | Add +3.7% |
Other holdings (10): bonds, preferreds, convertibles and warrants · $22.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AT&T INC (T 4.75 PERP C) | PFD | 197,540 | $4.2M | Reduce -5.6% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 2,285 | $2.9M | Reduce -8.8% |
| PUBLIC STORAGE (PSA 5.6 PERP H) | Common Stock | 111,890 | $2.8M | Reduce -5.7% |
| EQUITY COMMONWEALTH (EQC 6.5 PERP D) | 6.5% CNV PFD D | 98,935 | $2.5M | Reduce -5.6% |
| TRITON INTERNATIONAL LTD (TRTN 8 PERP B) | PFD | 85,566 | $2.2M | Reduce -5.3% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 84,447 | $1.9M | Reduce -5.7% |
| REDWOOD TRUST INC (RWT V10 PERP) | COM | 66,526 | $1.7M | Reduce -5.6% |
| MEDALLION BANK UTAH (MEDBNK V0 PERP F) | PFD | 66,919 | $1.6M | Reduce -5.9% |
| ADAMAS TRUST INC (ADAM V7.875 PERP E) | PFD | 65,949 | $1.6M | Reduce -5.4% |
| COMPASS DIVERSIF HOLDING (CODI 7.875 PERP C) | PREFERREDSTK | 62,086 | $1.5M | Reduce -5.5% |
Total filed on the 13F, all lines: $1.1B.
Portfolio Sells Q2 2024 → Q3 2024
| HST Host Hotels & Resorts Inc. | Sold out | 0.00% | −1.98 |
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −1.77 |
| AIV Apartment Invt & Mgmt Co. Class A | Reduce -70.5% | 0.30% | −0.51 |
| GSL Global Ship Lease Inc. Class A | Sold out | 0.00% | −0.40 |
| NSSC Napco Security Technologies | Reduce -27.6% | 0.41% | −0.35 |
| WRK Westrock Co. | Sold out | 0.00% | −0.31 |
| VPG Vishay Precision Group | Reduce -51.2% | 0.20% | −0.30 |
| KRUS Kura Sushi USA Inc. Class A | Sold out | 0.00% | −0.27 |
| SLP Simulations Plus Inc. | Reduce -34.9% | 0.18% | −0.26 |
| AMH American Homes 4 Rent- A | Reduce -8.4% | 2.31% | −0.24 |
| BIOX Bioceres Crop Solutions Corp. | Sold out | 0.00% | −0.24 |
| KRT Karat Packaging Inc. | Sold out | 0.00% | −0.23 |
| FPI Farmland Partners Inc. | Reduce -5.8% | 0.99% | −0.22 |
| HGBL Heritage Global Inc. | Sold out | 0.00% | −0.18 |
| FANG Diamondback Energy Inc. | Reduce -5.3% | 0.62% | −0.17 |
| EGP Eastgroup Properties Inc. | Reduce -8.4% | 3.42% | −0.13 |
| HEES H&E Equipment Services Inc. | Reduce -31.9% | 0.29% | −0.11 |
| LINC Lincoln Educational Services | Reduce -13.4% | 0.54% | −0.11 |
| AOSL Alpha & Omega Semiconductor | Reduce -9.8% | 0.64% | −0.11 |
| MDWD Mediwound Ltd. | Sold out | 0.00% | −0.10 |
| VLO Valero Energy Corp. | Reduce -5.8% | 0.28% | −0.08 |
| ELS Equity Lifestyle Properties | Reduce -8.6% | 1.79% | −0.07 |
| DLR Digital Realty Trust Inc. | Reduce -8.2% | 1.08% | −0.07 |
| SPG Simon Property Group Inc. | Reduce -8.0% | 3.89% | −0.07 |
| LFMD Lifemd Inc. | Reduce -1.7% | 0.18% | −0.07 |
| ESS Essex Property Trust Inc. | Reduce -8.0% | 1.28% | −0.06 |
| AVB Avalonbay Communities Inc. | Reduce -7.8% | 1.42% | −0.06 |
| DVN Devon Energy Corp. | Reduce -5.8% | 0.15% | −0.05 |
| CTS CTS Corp. | Reduce -2.0% | 0.45% | −0.05 |
| CMBT CMB Tech NV | Reduce -5.1% | 0.48% | −0.05 |
| PLD Prologis Inc. | Reduce -8.7% | 2.47% | −0.04 |
| EQH Equitable Holdings Inc. | Reduce -5.7% | 0.45% | −0.03 |
| ARCC Ares Capital Corp. | Reduce -5.8% | 0.33% | −0.03 |
| TRNO Terreno Realty Corp. | Reduce -8.4% | 3.19% | −0.03 |
| WMB Williams Cos Inc. | Reduce -5.6% | 0.85% | −0.02 |
| AMGN Amgen Inc. | Reduce -6.6% | 0.27% | −0.02 |
| XYLD Global X S&P 500 Cove Call E | Reduce -6.2% | 0.24% | −0.02 |
| MAA Mid-America Apartment Comm | Reduce -8.4% | 0.85% | −0.02 |
| CPT Camden Property Trust | Reduce -8.9% | 1.18% | −0.01 |
| SPOK Spok Holdings Inc. | Reduce -1.9% | 0.28% | −0.01 |
| CASS Cass Information Systems Inc. | Reduce -2.2% | 0.34% | −0.01 |
| IDCC Interdigital Inc. | Reduce -15.2% | 0.83% | −0.01 |
| SUI Sun Communities Inc. | Reduce -8.5% | 0.64% | −0.01 |
| EFC Ellington Financial Inc. | Reduce -5.6% | 0.21% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -5.5% | 0.34% | −0.00 |
| PLYM Plymouth Industrial REIT Inc. | Reduce -1.9% | 0.52% | −0.00 |
| GRC Gorman-Rupp Co. | Reduce -2.0% | 0.51% | −0.00 |
| PSTL Postal Realty Trust Inc. Class A | Reduce -5.3% | 0.64% | −0.00 |
| SPB Spectrum Brands Holdings Inc. | Reduce -6.0% | 0.30% | −0.00 |
| DD Dupont DE Nemours Inc. | Reduce -5.7% | 0.34% | +0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| MTN Vail Resorts Inc. | New | 0.90% | +0.90 |
| VTR Ventas Inc. | Add +53.2% | 1.88% | +0.86 |
| AHRT Ah Realty Trust Inc. | New | 0.78% | +0.78 |
| HR Healthcare Realty Trust Inc. | New | 0.71% | +0.71 |
| HHH Howard Hughes Holdings Inc. | New | 0.36% | +0.36 |
| WY Weyerhaeuser Co. | Add +4.5% | 1.76% | +0.29 |
| SW Smurfit Westrock PLC | New | 0.28% | +0.28 |
| UTI Universal Technical Institut | New | 0.27% | +0.27 |
| INVH Invitation Homes Inc. | Add +42.1% | 0.95% | +0.24 |
| PLGO Pelagos Insurance Capital LT | New | 0.19% | +0.19 |
| CWEN Clearway Energy Inc. Class C | New | 0.18% | +0.18 |
| BWMN Bowman Consulting Group Ltd. | Add +144.1% | 0.27% | +0.12 |
| EU Encore Energy Corp. | Add +142.2% | 0.19% | +0.11 |
| BTBT Bit Digital Inc. | New | 0.11% | +0.11 |
| BBW Build-A-Bear Workshop Inc. | New | 0.10% | +0.10 |
| SII Sprott Inc. | Add +21.7% | 0.53% | +0.10 |
| WULF Terawulf Inc. | Add +92.5% | 0.19% | +0.09 |
| LGND Ligand Pharmaceuticals | Add +7.0% | 0.47% | +0.08 |
| PUMP Propetro Holding Corp. | Add +111.8% | 0.18% | +0.08 |
| UEC Uranium Energy Corp. | Add +21.9% | 0.38% | +0.06 |
| SIGA Siga Technologies Inc. | Add +46.0% | 0.30% | +0.06 |
| DAKT Daktronics Inc. | Add +27.1% | 0.40% | +0.05 |
| PKE Park Aerospace Corp. | Add +20.7% | 0.24% | +0.02 |
| SRTA Strata Critical Medical Inc. | Add +23.3% | 0.27% | −0.00 |
| USFR Wisdomtree Floating Rate Tre | Add +4.5% | 2.33% | −0.00 |
| NPKI NPK International Inc. | Add +23.5% | 0.31% | −0.00 |
| BRLT Brilliant Earth Group Inc. Class A | Add +3.7% | 0.09% | −0.00 |
Notes & Other Activity Q2 2024 → Q3 2024
| AT&T INC (T 4.75 PERP C) | PFD | Reduce -5.6% | 197,540 | $4.2M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -8.8% | 2,285 | $2.9M |
| PUBLIC STORAGE (PSA 5.6 PERP H) | Common Stock | Reduce -5.7% | 111,890 | $2.8M |
| EQUITY COMMONWEALTH (EQC 6.5 PERP D) | 6.5% CNV PFD D | Reduce -5.6% | 98,935 | $2.5M |
| TRITON INTERNATIONAL LTD (TRTN 8 PERP B) | PFD | Reduce -5.3% | 85,566 | $2.2M |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | Reduce -5.7% | 84,447 | $1.9M |
| REDWOOD TRUST INC (RWT V10 PERP) | COM | Reduce -5.6% | 66,526 | $1.7M |
| MEDALLION BANK UTAH (MEDBNK V0 PERP F) | PFD | Reduce -5.9% | 66,919 | $1.6M |
| ADAMAS TRUST INC (ADAM V7.875 PERP E) | PFD | Reduce -5.4% | 65,949 | $1.6M |
| COMPASS DIVERSIF HOLDING (CODI 7.875 PERP C) | PREFERREDSTK | Reduce -5.5% | 62,086 | $1.5M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 162 | $1.0B | WELL, EQIX, PLD, SPG, DLR |
| Q1 2026 | 168 | $943.6M | EQIX, WELL, AMT, SPG, USFR |
| Q4 2025Amended | 170 | $963.2M | WELL, EQIX, SPG, AMT, PLD |
| Q3 2025 | 162 | $982.9M | WELL, EQIX, AMT, SPG, EGP |
| Q2 2025 | 159 | $954.8M | AMT, EQIX, WELL, SPG, USFR |
| Q1 2025 | 161 | $997.4M | EQIX, AMT, WELL, SPG, EGP |
| Q4 2024 | 115 | $1.0B | EQIX, AMT, SPG, WELL, KRG |
| Q3 2024 | 108 | $1.1B | AMT, EQIX, WELL, SPG, EGP |
| Q2 2024 | 107 | $1.1B | AMT, EQIX, SPG, WELL, EGP |
| Q1 2024 | 112 | $1.2B | EQIX, AMT, SPG, EGP, TRNO |