Uniplan Investment Counsel, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Uniplan Investment Counsel, Inc. reported 159 stock positions worth $954.8 million. Its top holding was American Tower (AMT) at 5.8% of the portfolio, followed by Equinix (EQIX, 5.1%) and Welltower (WELL, 5.1%). Compared with Q1 2025, it opened 35 new positions, sold out of 37, added to 33 and reduced 91. The biggest buy was Wisdomtree Floating Rate Tre (USFR, shares +56%) and the biggest sale an exit from Vail Resorts (MTN).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001520710
- Portfolio Value
- $954.8M (Q2 2025)
- SEC Filing
- 0001520710-25-000007 ↗ filed Aug 14, 2025
Holdings Value
Holdings 159 stocks · $954.8M
| AMT American Tower Corp. | 5.78% | 249,861 | $55.2M | Reduce -2.1% |
| EQIX Equinix Inc. | 5.14% | 61,688 | $49.1M | Reduce -9.7% |
| WELL Welltower Inc. | 5.06% | 314,203 | $48.3M | Reduce -1.9% |
| SPG Simon Property Group Inc. | 3.90% | 231,904 | $37.3M | Reduce -2.9% |
| USFR Wisdomtree Floating Rate Tre | 3.25% | 616,069 | $31.0M | Add +55.6% |
| EGP Eastgroup Properties Inc. | 3.24% | 185,205 | $31.0M | Reduce -1.8% |
| TRNO Terreno Realty Corp. | 2.90% | 494,662 | $27.7M | Reduce -2.4% |
| KRG Kite Realty Group Trust | 2.81% | 1,182,776 | $26.8M | Reduce -3.1% |
| CCI Crown Castle Inc. | 2.71% | 252,267 | $25.9M | Reduce -1.9% |
| GLPI Gaming and Leisure Propertie | 2.44% | 498,299 | $23.3M | Reduce -3.6% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 2.39% | 698,958 | $22.8M | Reduce -3.7% |
| AMH American Homes 4 Rent- A | 2.28% | 604,673 | $21.8M | Reduce -2.0% |
| PSA Public Storage | 2.18% | 70,877 | $20.8M | Reduce -1.1% |
| VTR Ventas Inc. | 1.95% | 294,418 | $18.6M | Reduce -2.0% |
| EXR Extra Space Storage Inc. | 1.94% | 125,801 | $18.5M | Reduce -1.9% |
| ELS Equity Lifestyle Properties | 1.63% | 252,280 | $15.6M | Reduce -1.9% |
| ESS Essex Property Trust Inc. | 1.61% | 54,272 | $15.4M | Reduce -2.9% |
| AVB Avalonbay Communities Inc. | 1.36% | 63,845 | $13.0M | Reduce -0.9% |
| INVH Invitation Homes Inc. | 1.26% | 367,917 | $12.1M | Add +33.0% |
| REG Regency Centers Corp. | 1.24% | 166,661 | $11.9M | Reduce -2.1% |
| PLD Prologis Inc. | 1.22% | 111,123 | $11.7M | Reduce -34.2% |
| DLR Digital Realty Trust Inc. | 1.21% | 66,425 | $11.6M | Reduce -2.0% |
| MAA Mid-America Apartment Comm | 1.19% | 76,611 | $11.3M | Add +42.1% |
| FPI Farmland Partners Inc. | 1.15% | 955,742 | $11.0M | Reduce -5.5% |
| CPT Camden Property Trust | 1.13% | 95,788 | $10.8M | Reduce -1.5% |
| SBAC SBA Communications Corp. | 1.12% | 45,344 | $10.6M | Reduce -1.5% |
| BXP BXP Inc. | 1.01% | 143,088 | $9.7M | Reduce -1.9% |
| ADC Agree Realty Corp. | 0.98% | 128,325 | $9.4M | Reduce -1.9% |
| SII Sprott Inc. | 0.91% | 125,390 | $8.7M | Reduce -8.9% |
| WY Weyerhaeuser Co. | 0.88% | 325,738 | $8.4M | Reduce -1.9% |
| LINC Lincoln Educational Services | 0.88% | 362,634 | $8.4M | Reduce -18.4% |
| KMI Kinder Morgan Inc. | 0.86% | 280,687 | $8.3M | Reduce -9.7% |
| O Realty Income Corp. | 0.85% | 140,527 | $8.1M | Reduce -2.0% |
| UTI Universal Technical Institut | 0.82% | 230,474 | $7.8M | Reduce -0.0% |
| EPR Epr Properties filed as EPR PPTYS | 0.79% | 130,261 | $7.6M | Reduce -2.4% |
| AIV Apartment Invt & Mgmt Co. Class A | 0.78% | 863,430 | $7.5M | Reduce -1.6% |
| IDCC Interdigital Inc. | 0.78% | 33,060 | $7.4M | Reduce -35.8% |
| LGND Ligand Pharmaceuticals | 0.75% | 62,953 | $7.2M | Reduce -8.5% |
| OUT Outfront Media Inc. | 0.69% | 405,974 | $6.6M | Reduce -5.8% |
| AZZ Azz Inc. | 0.67% | 68,175 | $6.4M | Reduce -8.6% |
| BBW Build-A-Bear Workshop Inc. | 0.65% | 121,222 | $6.3M | Add +4.0% |
| SEI Solaris Energy Infrastructur | 0.64% | 214,549 | $6.1M | Add +0.4% |
| BLX Bladex Inc. filed as Banco Latinoamericano de Comercio Exterior SA | 0.63% | 149,503 | $6.0M | Reduce -29.3% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.62% | 46,625 | $5.9M | Reduce -3.0% |
| NPKI NPK International Inc. | 0.58% | 655,833 | $5.6M | Reduce -8.5% |
| RDVT Red Violet Inc. | 0.58% | 111,653 | $5.5M | Reduce -19.9% |
| SRTA Strata Critical Medical Inc. filed as BLADE AIR MOBILITY INC | 0.58% | 1,362,766 | $5.5M | Reduce -21.2% |
| WMB Williams Cos Inc. | 0.56% | 85,787 | $5.4M | Reduce -57.8% |
| GRC Gorman-Rupp Co. | 0.51% | 133,831 | $4.9M | Reduce -8.8% |
| MAMA Mama's Creations Inc. | 0.51% | 590,804 | $4.9M | Add +30.9% |
| BLFS Biolife Solutions Inc. | 0.51% | 226,668 | $4.9M | Reduce -8.4% |
| FANG Diamondback Energy Inc. | 0.51% | 35,346 | $4.9M | Reduce -9.6% |
| IRMD Iradimed Corp. | 0.50% | 80,347 | $4.8M | Add +64.9% |
| AOSL Alpha & Omega Semiconductor | 0.50% | 187,129 | $4.8M | Add +5.6% |
| HWKN Hawkins Inc. | 0.50% | 33,342 | $4.7M | Reduce -7.5% |
| INVA Innoviva Inc. | 0.47% | 222,837 | $4.5M | Reduce -8.5% |
| EQH Equitable Holdings Inc. | 0.46% | 77,737 | $4.4M | Reduce -33.0% |
| UFPT Ufp Technologies Inc. | 0.45% | 17,413 | $4.3M | Reduce -25.7% |
| CASS Cass Information Systems Inc. | 0.44% | 97,705 | $4.2M | Add +7.5% |
| PCH Potlatchdeltic Corp. | 0.41% | 101,709 | $3.9M | Reduce -4.3% |
| COLL Collegium Pharmaceutical Inc. | 0.40% | 130,425 | $3.9M | Reduce -8.7% |
| PSTL Postal Realty Trust Inc. Class A | 0.40% | 259,593 | $3.8M | Reduce -44.6% |
| WULF Terawulf Inc. | 0.40% | 864,385 | $3.8M | Add +28.3% |
| PLYM Plymouth Industrial REIT Inc. | 0.39% | 234,720 | $3.8M | Reduce -8.6% |
| MET Metlife Inc. | 0.39% | 46,850 | $3.8M | Reduce -9.3% |
| BKTI BK Technologies Corp. | 0.39% | 78,963 | $3.7M | Reduce -27.0% |
| LFMD Lifemd Inc. | 0.38% | 269,129 | $3.7M | Reduce -30.7% |
| NSSC Napco Security Technologies | 0.38% | 122,959 | $3.7M | Reduce -6.1% |
| OKE Oneok Inc. | 0.38% | 44,432 | $3.6M | Reduce -9.7% |
| OHI Omega Healthcare Investors | 0.38% | 97,795 | $3.6M | Reduce -9.7% |
| CTRE Caretrust REIT Inc. | 0.36% | 113,031 | $3.5M | Reduce -1.7% |
| SBRA Sabra Health Care REIT Inc. | 0.36% | 184,477 | $3.4M | Reduce -2.1% |
| ARCC Ares Capital Corp. | 0.35% | 154,233 | $3.4M | Reduce -9.7% |
| PKE Park Aerospace Corp. | 0.35% | 228,353 | $3.4M | Reduce -7.3% |
| CMBT CMB Tech NV | 0.35% | 372,643 | $3.4M | Reduce -10.0% |
| ABBV Abbvie Inc. | 0.35% | 18,015 | $3.3M | Reduce -35.9% |
| SPOK Spok Holdings Inc. filed as SPOK HLDGS INC | 0.35% | 188,228 | $3.3M | Reduce -8.3% |
| BRX Brixmor Property Group Inc. | 0.34% | 125,770 | $3.3M | Reduce -2.0% |
| CURB Curbline Properties Corp. | 0.33% | 138,460 | $3.2M | Reduce -2.1% |
| ASTE Astec Industries Inc. | 0.33% | 75,596 | $3.2M | Add +166.0% |
| HHH Howard Hughes Holdings Inc. | 0.33% | 46,642 | $3.1M | Reduce -2.9% |
| PUMP Propetro Holding Corp. | 0.33% | 524,349 | $3.1M | Reduce -8.7% |
| SIGA Siga Technologies Inc. | 0.32% | 461,551 | $3.0M | Reduce -8.5% |
| CSGS CSG Systems Intl Inc. | 0.31% | 45,234 | $3.0M | Add +45.1% |
| DAKT Daktronics Inc. | 0.31% | 193,691 | $2.9M | Reduce -44.4% |
| INOD Innodata Inc. | 0.29% | 54,952 | $2.8M | New |
| EZPW Ezcorp Inc. Class A | 0.29% | 196,918 | $2.7M | Add +190.1% |
| VLO Valero Energy Corp. | 0.29% | 20,246 | $2.7M | Reduce -9.6% |
| CWEN Clearway Energy Inc. Class C | 0.28% | 83,548 | $2.7M | Add +32.5% |
| NWPX NWPX Infrastructure Inc. | 0.28% | 64,990 | $2.7M | Reduce -8.6% |
| RYN Rayonier Inc. | 0.27% | 116,813 | $2.6M | Reduce -1.9% |
| EFC Ellington Financial Inc. | 0.26% | 193,143 | $2.5M | Reduce -9.9% |
| OMAB Grupo Aeroportuario Cen-ADR | 0.26% | 23,683 | $2.5M | Reduce -9.6% |
| AMGN Amgen Inc. | 0.24% | 8,236 | $2.3M | Reduce -7.7% |
| XYLD Global X S&P 500 Cove Call E | 0.23% | 56,811 | $2.2M | Reduce -9.5% |
| RPRX Royalty Pharma PLC Class A | 0.23% | 60,067 | $2.2M | Add +15.9% |
| MFIN Medallion Financial Corp. | 0.22% | 221,286 | $2.1M | Add +299.4% |
| PAC Grupo Aeroportuario Pac-ADR | 0.22% | 9,096 | $2.1M | Reduce -8.0% |
| AXGN Axogen Inc. | 0.21% | 184,969 | $2.0M | Add +36.5% |
| AHR American Healthcare REIT Inc. | 0.18% | 46,863 | $1.7M | Reduce -9.2% |
Other holdings (16): bonds, preferreds, convertibles and warrants · $33.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 71,547 | $4.9M | Add +11.0% |
| AT&T INC (T 4.75 PERP C) | PFD | 172,749 | $3.3M | Reduce -9.9% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 119,257 | $3.0M | Reduce -10.0% |
| COMPASS DIVERSIF HOLDING (CODI 7.875 PERP C) | PREFERREDSTK | 142,925 | $2.7M | Add +138.0% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 65,541 | $2.5M | Add +205.0% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 1,973 | $2.4M | Reduce -9.9% |
| PUBLIC STORAGE (PSA 5.6 PERP H) | Common Stock | 97,984 | $2.2M | Reduce -9.9% |
| TRITON INTERNATIONAL LTD (TRTN 8 PERP B) | PFD | 74,812 | $1.8M | Reduce -9.8% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 23,323 | $1.7M | Add +74.9% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 30,868 | $1.6M | Reduce -9.0% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 46,853 | $1.5M | Add +124.0% |
| REDWOOD TRUST INC (RWT V10 PERP) | COM | 58,677 | $1.5M | Reduce -9.7% |
| MEDALLION BANK UTAH (MEDBNK V0 PERP F) | PFD | 58,879 | $1.5M | Reduce -9.8% |
| ADAMAS TRUST INC (ADAM V7.875 PERP E) | PFD | 57,280 | $1.4M | Reduce -9.7% |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 17,149 | $1.0M | Reduce -10.1% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 33,994 | $804K | Reduce -9.4% |
Total filed on the 13F, all lines: $988.6M.
Portfolio Sells Q1 2025 → Q2 2025
| MTN Vail Resorts Inc. | Sold out | 0.00% | −0.93 |
| PLD Prologis Inc. | Reduce -34.2% | 1.22% | −0.67 |
| WMB Williams Cos Inc. | Reduce -57.8% | 0.56% | −0.65 |
| GDYN Grid Dynamics Holdings Inc. | Sold out | 0.00% | −0.55 |
| EQIX Equinix Inc. | Reduce -9.7% | 5.14% | −0.44 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.39 |
| SLP Simulations Plus Inc. | Sold out | 0.00% | −0.35 |
| PLGO Pelagos Insurance Capital LT | Sold out | 0.00% | −0.34 |
| TRNO Terreno Realty Corp. | Reduce -2.4% | 2.90% | −0.31 |
| IDCC Interdigital Inc. | Reduce -35.8% | 0.78% | −0.29 |
| PSTL Postal Realty Trust Inc. Class A | Reduce -44.6% | 0.40% | −0.27 |
| ABBV Abbvie Inc. | Reduce -35.9% | 0.35% | −0.24 |
| BTBT Bit Digital Inc. | Sold out | 0.00% | −0.22 |
| GLPI Gaming and Leisure Propertie | Reduce -3.6% | 2.44% | −0.20 |
| CWK Cushman & Wakefield UK Holdc | Sold out | 0.00% | −0.20 |
| CPK Chesapeake Utilities Corp. | Sold out | 0.00% | −0.16 |
| EQH Equitable Holdings Inc. | Reduce -33.0% | 0.46% | −0.15 |
| BLX Bladex Inc. | Reduce -29.3% | 0.63% | −0.14 |
| VTR Ventas Inc. | Reduce -2.0% | 1.95% | −0.12 |
| DAKT Daktronics Inc. | Reduce -44.4% | 0.31% | −0.12 |
| FANG Diamondback Energy Inc. | Reduce -9.6% | 0.51% | −0.12 |
| OKE Oneok Inc. | Reduce -9.7% | 0.38% | −0.11 |
| ESS Essex Property Trust Inc. | Reduce -2.9% | 1.61% | −0.11 |
| WY Weyerhaeuser Co. | Reduce -1.9% | 0.88% | −0.10 |
| PUMP Propetro Holding Corp. | Reduce -8.7% | 0.33% | −0.10 |
| EGP Eastgroup Properties Inc. | Reduce -1.8% | 3.24% | −0.09 |
| ELS Equity Lifestyle Properties | Reduce -1.9% | 1.63% | −0.09 |
| SPG Simon Property Group Inc. | Reduce -2.9% | 3.90% | −0.07 |
| PCH Potlatchdeltic Corp. | Reduce -4.3% | 0.41% | −0.07 |
| CPT Camden Property Trust | Reduce -1.5% | 1.13% | −0.06 |
| RYN Rayonier Inc. | Reduce -1.9% | 0.27% | −0.06 |
| CCOI Cogent Communications Holdin | Reduce -9.7% | 0.17% | −0.06 |
| BLFS Biolife Solutions Inc. | Reduce -8.4% | 0.51% | −0.06 |
| AMH American Homes 4 Rent- A | Reduce -2.0% | 2.28% | −0.05 |
| OHI Omega Healthcare Investors | Reduce -9.7% | 0.38% | −0.04 |
| AMGN Amgen Inc. | Reduce -7.7% | 0.24% | −0.04 |
| BKTI BK Technologies Corp. | Reduce -27.0% | 0.39% | −0.04 |
| DVN Devon Energy Corp. | Reduce -9.3% | 0.13% | −0.03 |
| ADC Agree Realty Corp. | Reduce -1.9% | 0.98% | −0.03 |
| UFPT Ufp Technologies Inc. | Reduce -25.7% | 0.45% | −0.03 |
| HHH Howard Hughes Holdings Inc. | Reduce -2.9% | 0.33% | −0.03 |
| AVB Avalonbay Communities Inc. | Reduce -0.9% | 1.36% | −0.03 |
| KMI Kinder Morgan Inc. | Reduce -9.7% | 0.86% | −0.03 |
| ARCC Ares Capital Corp. | Reduce -9.7% | 0.35% | −0.02 |
| CMBT CMB Tech NV | Reduce -10.0% | 0.35% | −0.02 |
| PLYM Plymouth Industrial REIT Inc. | Reduce -8.6% | 0.39% | −0.02 |
| GTY Getty Realty Corp. | Reduce -10.2% | 0.12% | −0.02 |
| COLL Collegium Pharmaceutical Inc. | Reduce -8.7% | 0.40% | −0.02 |
| EFC Ellington Financial Inc. | Reduce -9.9% | 0.26% | −0.02 |
| UDR Udr Inc. | Reduce -9.6% | 0.13% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| USFR Wisdomtree Floating Rate Tre | Add +55.6% | 3.25% | +1.25 |
| INVH Invitation Homes Inc. | Add +33.0% | 1.26% | +0.30 |
| INOD Innodata Inc. | New | 0.29% | +0.29 |
| MAA Mid-America Apartment Comm | Add +42.1% | 1.19% | +0.28 |
| IRMD Iradimed Corp. | Add +64.9% | 0.50% | +0.25 |
| ASTE Astec Industries Inc. | Add +166.0% | 0.33% | +0.23 |
| BBW Build-A-Bear Workshop Inc. | Add +4.0% | 0.65% | +0.22 |
| MAMA Mama's Creations Inc. | Add +30.9% | 0.51% | +0.22 |
| WULF Terawulf Inc. | Add +28.3% | 0.40% | +0.21 |
| EZPW Ezcorp Inc. Class A | Add +190.1% | 0.29% | +0.19 |
| MFIN Medallion Financial Corp. | Add +299.4% | 0.22% | +0.17 |
| SEI Solaris Energy Infrastructur | Add +0.4% | 0.64% | +0.17 |
| CSGS CSG Systems Intl Inc. | Add +45.1% | 0.31% | +0.12 |
| XRN Global Medical REIT Inc. | New | 0.12% | +0.12 |
| PAX Patria Investments Ltd. Class A | New | 0.11% | +0.11 |
| GPGI Gpgi Inc. | New | 0.11% | +0.11 |
| DVAX Dynavax Technologies Corp. | Add +304.9% | 0.15% | +0.11 |
| HII Huntington Ingalls Industrie | New | 0.10% | +0.10 |
| CPA Copa Holdings SA Class A | New | 0.09% | +0.09 |
| STRW Strawberry Fields REIT Inc. | New | 0.09% | +0.09 |
| SBR Sabine Royalty Trust | New | 0.09% | +0.09 |
| STR Sitio Royalties Corp. Class A | New | 0.09% | +0.09 |
| CWEN Clearway Energy Inc. Class C | Add +32.5% | 0.28% | +0.09 |
| DHT DHT Holdings Inc. | New | 0.09% | +0.09 |
| LKQ LKQ Corp. | New | 0.08% | +0.08 |
| RPRX Royalty Pharma PLC Class A | Add +15.9% | 0.23% | +0.06 |
| AOSL Alpha & Omega Semiconductor | Add +5.6% | 0.50% | +0.06 |
| RCAT Red Cat Holdings Inc. | New | 0.06% | +0.06 |
| VENU Venu Holding Corp. | New | 0.06% | +0.06 |
| GENI Genius Sports Ltd. | New | 0.06% | +0.06 |
| B Barrick Mining Corp. | Add +40.2% | 0.15% | +0.06 |
| EYE National Vision Holdings Inc. | New | 0.06% | +0.06 |
| CASS Cass Information Systems Inc. | Add +7.5% | 0.44% | +0.05 |
| GCMG GCM Grosvenor Inc. Class A | Add +56.5% | 0.14% | +0.04 |
| ARIS WATER SOLUTIONS INC-A | Add +62.8% | 0.13% | +0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +705.0% | 0.01% | +0.01 |
| META Meta Platforms Inc. Class A | Add +638.5% | 0.01% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | Add +291.5% | 0.01% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +1420.0% | 0.01% | +0.01 |
| AMZN Amazon.com Inc. | Add +305.9% | 0.01% | +0.01 |
| TTWO Take-Two Interactive Softwre | Add +293.4% | 0.01% | +0.00 |
| CBOE Cboe Global Markets Inc. | Add +2542.9% | 0.00% | +0.00 |
| COIN Coinbase Global Inc. Class A | New | 0.00% | +0.00 |
| KTOS Kratos Defense & Security | Add +83.9% | 0.01% | +0.00 |
| RDDT Reddit Inc. Class A | Add +115.5% | 0.01% | +0.00 |
| GBUG Sprott Active Gold & Silver | New | 0.00% | +0.00 |
| AVGO Broadcom Inc. | New | 0.00% | +0.00 |
| TXN Texas Instruments Inc. | New | 0.00% | +0.00 |
| EWZ iShares MSCI Brazil ETF | New | 0.00% | +0.00 |
| GOLF Acushnet Holdings Corp. | New | 0.00% | +0.00 |
Notes & Other Activity Q1 2025 → Q2 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +11.0% | 71,547 | $4.9M |
| AT&T INC (T 4.75 PERP C) | PFD | Reduce -9.9% | 172,749 | $3.3M |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | Reduce -10.0% | 119,257 | $3.0M |
| COMPASS DIVERSIF HOLDING (CODI 7.875 PERP C) | PREFERREDSTK | Add +138.0% | 142,925 | $2.7M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Add +205.0% | 65,541 | $2.5M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -9.9% | 1,973 | $2.4M |
| PUBLIC STORAGE (PSA 5.6 PERP H) | Common Stock | Reduce -9.9% | 97,984 | $2.2M |
| TRITON INTERNATIONAL LTD (TRTN 8 PERP B) | PFD | Reduce -9.8% | 74,812 | $1.8M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +74.9% | 23,323 | $1.7M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Reduce -9.0% | 30,868 | $1.6M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +124.0% | 46,853 | $1.5M |
| REDWOOD TRUST INC (RWT V10 PERP) | COM | Reduce -9.7% | 58,677 | $1.5M |
| MEDALLION BANK UTAH (MEDBNK V0 PERP F) | PFD | Reduce -9.8% | 58,879 | $1.5M |
| ADAMAS TRUST INC (ADAM V7.875 PERP E) | PFD | Reduce -9.7% | 57,280 | $1.4M |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Reduce -10.1% | 17,149 | $1.0M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Reduce -9.4% | 33,994 | $804K |
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 |