Uniplan Investment Counsel, Inc.

Name: Uniplan Investment Counsel, Inc. 13F holdings, Q2 2026
Creator: Uniplan Investment Counsel, Inc.
Published: 2026-08-14

Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Uniplan Investment Counsel, Inc. reported 162 stock positions worth $1.0 billion. Its top holding was Welltower (WELL) at 5.7% of the portfolio, followed by Equinix (EQIX, 5.6%) and Prologis (PLD, 3.6%). Compared with Q1 2026, it opened 43 new positions, sold out of 49, added to 54 and reduced 65. The biggest buy was a new position in Iron Mountain (IRM) and the biggest sale an exit from Vici Properties (VICI).

Most Recent 13F: Q2 2026
Location: MILWAUKEE, WI
CIK: 0001520710
Portfolio Value: $1.0B (Q2 2026)
SEC Filing: 0001520710-26-000007 ↗ filed Aug 14, 2026

Holdings Value

Holdings 162 stocks · $1.0B


WELL Welltower Inc.	5.72%	261,996	$59.5M	Reduce -4.8%
EQIX Equinix Inc.	5.56%	55,417	$57.8M	Reduce -2.7%
PLD Prologis Inc.	3.57%	273,594	$37.1M	Add +11.0%
SPG Simon Property Group Inc.	3.56%	165,555	$37.0M	Reduce -15.8%
DLR Digital Realty Trust Inc.	3.24%	187,308	$33.6M	Add +46.4%
AMT American Tower Corp.	2.95%	187,048	$30.6M	Reduce -15.5%
KRG Kite Realty Group Trust	2.85%	1,044,981	$29.7M	Reduce -4.1%
EGP Eastgroup Properties Inc.	2.85%	146,075	$29.6M	Reduce -4.8%
TRNO Terreno Realty Corp.	2.71%	435,314	$28.2M	Reduce -4.3%
VTR Ventas Inc.	2.71%	316,780	$28.1M	Reduce -4.5%
USFR Wisdomtree Floating Rate Tre	2.54%	523,452	$26.4M	Reduce -19.4%
O Realty Income Corp.	1.65%	276,441	$17.1M	Reduce -18.0%
REG Regency Centers Corp.	1.58%	205,990	$16.4M	Add +37.5%
EXR Extra Space Storage Inc.	1.54%	110,338	$16.0M	Reduce -4.7%
OUT Outfront Media Inc.	1.47%	465,413	$15.2M	Add +20.2%
ESS Essex Property Trust Inc.	1.36%	48,510	$14.1M	Reduce -3.3%
AVB Avalonbay Communities Inc.	1.29%	71,176	$13.4M	Add +21.7%
PSA Public Storage	1.24%	40,314	$12.8M	Reduce -4.8%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL	1.20%	98,324	$12.4M	New
OHI Omega Healthcare Investors	1.12%	244,270	$11.6M	Reduce -3.1%
XRN Chiron Real Estate Inc.	1.08%	297,835	$11.2M	Add +24.3%
LGND Ligand Pharmaceuticals	1.04%	34,249	$10.8M	Reduce -14.8%
LINC Lincoln Educational Services	1.03%	214,501	$10.7M	Reduce -5.0%
ADC Agree Realty Corp.	1.00%	136,713	$10.4M	Reduce -4.5%
WULF Terawulf Inc.	1.00%	418,570	$10.3M	Reduce -16.9%
WY Weyerhaeuser Co.	0.99%	430,723	$10.3M	Add +13.4%
SUI Sun Communities Inc. filed as SUN CMNTYS INC	0.98%	85,283	$10.2M	Reduce -30.7%
SEI Solaris Energy Infrastructur	0.97%	125,807	$10.1M	Reduce -8.2%
UTI Universal Technical Institut	0.90%	219,103	$9.4M	Add +16.3%
HST Host Hotels & Resorts Inc.	0.90%	393,049	$9.3M	Reduce -4.5%
CTRE Caretrust REIT Inc.	0.88%	225,612	$9.1M	Reduce -4.3%
AXGN Axogen Inc.	0.86%	193,905	$9.0M	Add +15.5%
GRC Gorman-Rupp Co.	0.86%	97,485	$8.9M	Reduce -9.7%
BLX Bladex Inc.	0.86%	145,251	$8.9M	Add +21.1%
MAMA Mama's Creations Inc.	0.85%	492,764	$8.8M	Add +1.7%
NPKI NPK International Inc.	0.83%	544,278	$8.7M	Add +3.1%
CCI Crown Castle Inc.	0.78%	107,594	$8.1M	Reduce -32.0%
AZZ Azz Inc.	0.77%	51,598	$8.0M	Add +3.0%
NWPX NWPX Infrastructure Inc.	0.77%	53,300	$8.0M	Reduce -15.7%
FPI Farmland Partners Inc.	0.76%	813,588	$7.9M	Reduce -1.5%
MAA Mid-America Apartment Comm	0.75%	56,072	$7.8M	Reduce -4.1%
WPC WP Carey Inc.	0.74%	107,753	$7.7M	Reduce -4.5%
SRTA Strata Critical Medical Inc.	0.73%	1,429,514	$7.5M	Add +9.9%
GHM Graham Corp.	0.70%	58,389	$7.2M	Add +3.2%
LAMR Lamar Advertising Co. Class A	0.68%	45,362	$7.1M	Add +90.0%
AHR American Healthcare REIT Inc.	0.67%	133,114	$6.9M	Reduce -3.6%
EZPW Ezcorp Inc. Class A	0.66%	198,690	$6.9M	Reduce -15.2%
ASTE Astec Industries Inc.	0.62%	106,057	$6.5M	Add +23.6%
ELS Equity Lifestyle Properties	0.62%	99,552	$6.4M	Reduce -45.1%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL	0.62%	94,452	$6.4M	Add +88.5%
PKE Park Aerospace Corp.	0.61%	166,432	$6.4M	Reduce -11.3%
IRMD Iradimed Corp.	0.61%	66,402	$6.3M	Add +6.9%
ATEN A10 Networks Inc.	0.58%	161,381	$6.0M	Add +51.9%
INVA Innoviva Inc.	0.58%	264,211	$6.0M	Add +15.2%
FR First Industrial Realty TR	0.58%	97,614	$6.0M	Reduce -4.3%
BKTI BK Technologies Corp.	0.53%	63,820	$5.5M	New
INOD Innodata Inc.	0.53%	72,539	$5.5M	Reduce -19.5%
BLFS Biolife Solutions Inc.	0.51%	188,330	$5.3M	Add +3.0%
HWKN Hawkins Inc.	0.51%	37,109	$5.3M	Add +21.3%
WMB Williams Cos Inc.	0.49%	68,460	$5.1M	Reduce -1.6%
ESQ Esquire Financial Holdings I	0.48%	41,587	$5.0M	Add +67.5%
NTSK Netskope Inc. Class A	0.47%	450,462	$4.9M	Add +292.0%
OMCL Omnicell Inc.	0.47%	118,623	$4.9M	Add +173.1%
RPRX Royalty Pharma PLC Class A	0.47%	87,198	$4.9M	Reduce -1.7%
VLO Valero Energy Corp.	0.47%	18,709	$4.9M	Reduce -1.5%
CPT Camden Property Trust	0.46%	41,560	$4.8M	Reduce -4.5%
SBRA Sabra Health Care REIT Inc.	0.45%	237,567	$4.6M	Reduce -4.3%
AMGN Amgen Inc.	0.44%	12,531	$4.5M	Add +29.5%
PSTL Postal Realty Trust Inc. Class A	0.43%	182,349	$4.5M	Add +0.3%
CDNA Caredx Inc.	0.43%	157,131	$4.5M	Add +150.3%
IDCC Interdigital Inc.	0.43%	15,621	$4.4M	Reduce -2.8%
SII Sprott Inc.	0.42%	39,028	$4.4M	Reduce -30.2%
COLL Collegium Pharmaceutical Inc.	0.41%	116,362	$4.2M	Add +69.3%
MFIN Medallion Financial Corp.	0.39%	397,330	$4.1M	Add +3.0%
FANG Diamondback Energy Inc.	0.39%	23,072	$4.1M	Reduce -2.7%
DAKT Daktronics Inc.	0.37%	194,527	$3.8M	Add +3.0%
LINE Lineage Inc.	0.35%	84,416	$3.7M	New
CURB Curbline Properties Corp.	0.35%	118,606	$3.6M	Reduce -4.4%
SBR Sabine Royalty Trust	0.34%	48,207	$3.5M	Add +23.1%
OKE Oneok Inc.	0.34%	40,504	$3.5M	Reduce -1.9%
CPA Copa Holdings SA Class A	0.34%	22,505	$3.5M	Add +52.2%
C Citigroup Inc.	0.34%	24,884	$3.5M	Reduce -1.9%
BRX Brixmor Property Group Inc.	0.33%	107,709	$3.4M	Reduce -4.5%
SCCO Southern Copper Corp.	0.33%	19,417	$3.4M	Reduce -1.6%
TKR Timken Co.	0.32%	23,082	$3.4M	Add +41.9%
NGS Natural Gas Services Group	0.32%	77,249	$3.3M	Add +77.0%
DHT DHT Holdings Inc.	0.32%	198,259	$3.3M	Reduce -1.6%
AUPH Aurinia Pharmaceuticals Inc.	0.31%	189,542	$3.2M	Add +65.4%
GENI Genius Sports Ltd.	0.30%	506,973	$3.1M	Add +115.8%
VOXR Vox Royalty Corp.	0.29%	633,975	$3.0M	Add +184.9%
CWEN Clearway Energy Inc. Class C	0.29%	86,642	$3.0M	Reduce -1.4%
MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC	0.27%	45,412	$2.8M	New
ARCC Ares Capital Corp.	0.25%	141,885	$2.6M	Reduce -1.7%
PUMP Propetro Holding Corp.	0.24%	175,972	$2.5M	Add +112.8%
KNTK Kinetik Holdings Inc.	0.24%	50,514	$2.4M	Reduce -1.5%
MRP Millrose Properties	0.23%	78,082	$2.3M	Reduce -1.5%
HZO Marinemax Inc.	0.23%	63,887	$2.3M	Add +50.0%
SPOK Spok Holdings Inc. filed as SPOK HLDGS INC	0.21%	215,764	$2.2M	Add +2.9%
XYLD Global X S&P 500 Cove Call E	0.20%	51,807	$2.1M	Reduce -1.8%
WM Waste Management Inc.	0.20%	9,440	$2.1M	Reduce -3.4%
HNRG Hallador Energy Co.	0.20%	120,869	$2.1M	New
SIGA Siga Technologies Inc.	0.20%	560,353	$2.0M	Add +50.9%
BPOP Popular Inc.	0.19%	12,302	$2.0M	New
MNTN MNTN Inc. Class A	0.19%	218,015	$2.0M	Add +35.9%
GTY Getty Realty Corp.	0.19%	58,172	$1.9M	Reduce -1.7%
IMAX Imax Corp.	0.18%	46,912	$1.9M	Add +3.0%
BAM Brookfield Asset Mgmt-A	0.17%	39,585	$1.8M	New
UPS United Parcel Service Class B	0.17%	16,515	$1.8M	Add +92.4%
QQQI Neos Nasdaq-100 High Inc. ETF	0.17%	31,230	$1.8M	Reduce -1.7%
TGS Transportador Gas-ADR SP B	0.17%	59,161	$1.8M	Reduce -1.5%
STRW Strawberry Fields REIT Inc.	0.17%	127,766	$1.8M	Add +2.3%
IHG Intercontinental Hotels-ADR	0.16%	9,755	$1.7M	New
GLPI Gaming and Leisure Propertie	0.15%	36,158	$1.6M	Reduce -1.5%
JAN Janus Living Inc. Class-A-1	0.15%	55,544	$1.6M	New
AROC Archrock Inc.	0.15%	39,055	$1.6M	Add +113.5%
FRT Federal Realty Invs Trust	0.15%	12,582	$1.6M	New
XHR Xenia Hotels & Resorts Inc.	0.15%	76,198	$1.6M	Reduce -1.4%
RHP Ryman Hospitality Properties	0.15%	11,986	$1.5M	New
CNS Cohen & Steers Inc.	0.15%	19,797	$1.5M	New
UNP Union Pacific Corp.	0.14%	5,502	$1.5M	New
DVN Devon Energy Corp.	0.14%	35,591	$1.5M	Reduce -1.6%
XEL Xcel Energy Inc.	0.13%	17,419	$1.4M	New
MG Mistras Group Inc.	0.13%	77,889	$1.4M	New
UMH Umh Properties Inc. filed as UMH PPTYS INC	0.13%	86,305	$1.3M	Reduce -5.0%
MATX Matson Inc.	0.12%	6,723	$1.3M	Reduce -3.0%
APEI American Public Education	0.11%	20,914	$1.1M	Add +92.8%
ECO Okeanis Eco Tankers Corp.	0.11%	22,345	$1.1M	Reduce -2.1%
LINEQ Linn Energy LLC-Units filed as Lineage, Inc.	0.09%	20,546	$889K	New
KGS Kodiak Gas Services Inc.	0.09%	11,803	$887K	Reduce -8.8%
APD Air Products & Chemicals Inc.	0.08%	2,993	$878K	New
LPG Dorian LPG Ltd.	0.08%	24,916	$867K	New
YOU Clear Secure Inc. Class A	0.08%	15,253	$850K	New
PEP Pepsico Inc.	0.07%	5,451	$738K	Reduce -3.7%
NBIS Nebius Group NV	0.02%	784	$217K	New
GOOGL Alphabet Inc. Class A	0.02%	568	$203K	New
Q Qnity Electronics Inc.	0.02%	1,193	$195K	Add +123.8%
LLY Eli Lilly & Co.	0.01%	127	$153K	New
TCBI Texas Capital Bancshares Inc.	0.01%	1,460	$151K	New
COHR II-Vi Inc. filed as COHERENT CORP	0.01%	369	$146K	New
KEYS Keysight Technologies Inc.	0.01%	397	$139K	Add +60.1%
CIFR Cipher Digital Inc.	0.01%	4,919	$121K	New
MITK Mitek Systems Inc.	0.01%	5,738	$116K	New
GE General Electric filed as GE AEROSPACE	0.01%	278	$104K	New
OKTA Okta Inc.	0.01%	732	$100K	New
ZION Zions Bancorp NA	0.01%	1,363	$94K	New
PANW Palo Alto Networks Inc.	0.01%	267	$91K	New
AMZN Amazon.com Inc.	0.01%	374	$89K	New
FTNT Fortinet Inc.	0.01%	573	$88K	New
RTX RTX Corp.	0.01%	448	$85K	New
ARW Arrow Electronics Inc.	0.01%	392	$84K	Add +250.0%
DELL Dell Technologies -C	0.01%	187	$81K	New
LSCC Lattice Semiconductor Corp.	0.01%	471	$72K	Add +127.5%
SO The Southern Co.	0.01%	630	$60K	New
AMD Advanced Micro Devices	0.01%	102	$59K	New
VIRT Virtu Financial Inc. Class A	0.01%	874	$52K	Add +60.1%
WFC Wells Fargo & Co.	0.00%	619	$51K	New
ENTG Entegris Inc.	0.00%	283	$51K	New
PHM Pultegroup Inc.	0.00%	329	$45K	New
ALKS Alkermes PLC	0.00%	801	$42K	New
SKY Champion Homes Inc.	0.00%	386	$34K	New
ISRG Intuitive Surgical Inc.	0.00%	59	$24K	New
MRK Merck & Co. Inc.	0.00%	108	$14K	New

Other holdings (13): bonds, preferreds, convertibles and warrants · $27.7M (not counted above)

Security	Class	Shares / Principal	Value	Change
BOEING CO/THE (BA 6 10/15/27)	DEP CONV PFD A	65,609	$4.4M	Reduce -1.4%
ALBEMARLE CORP (ALB 7.25 03/01/27)	7.25% DEP SHS A	53,835	$3.0M	Reduce -1.2%
AT&T INC (T 4.75 PERP C)	PFD	158,693	$2.8M	Reduce -1.5%
EPR PROPERTIES (EPR 5.75 PERP C)	PFD C CV 5.75%	109,499	$2.8M	Reduce -1.2%
PG&E CORP (PCG 6 12/01/27 A)	PFD CONV SER A	60,178	$2.5M	Reduce -1.6%
BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	1,816	$2.3M	Reduce -5.2%
PITNEY BOWES INC (PBI 6.7 03/07/43)	Equities	94,318	$1.9M	Reduce -2.0%
TRITON INTERNATIONAL LTD (TRTN 8 PERP B)	PFD	69,160	$1.7M	Reduce -1.2%
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28)	DEP SHS REPSTG	18,716	$1.4M	Reduce -1.5%
QXO INC (QXO 5.5 05/15/28 B)	5.50 DEP PFD	27,875	$1.4M	Add +105.4%
REDWOOD TRUST INC (RWT V10 PERP)	COM	53,718	$1.3M	Reduce -1.9%
ADAMAS TRUST INC (ADAM V7.875 PERP E)	PFD	52,829	$1.3M	Reduce -1.6%
PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F)	6.3 CUM PFD SR F	43,299	$841K	Reduce -3.1%

Total filed on the 13F, all lines: $1.1B.

Portfolio Sells Q1 2026 → Q2 2026


VICI Vici Properties Inc.	Sold out	0.00%	−1.25
AMT American Tower Corp.	Reduce -15.5%	2.95%	−1.10
USFR Wisdomtree Floating Rate Tre	Reduce -19.4%	2.54%	−0.93
SUI Sun Communities Inc.	Reduce -30.7%	0.98%	−0.66
ELS Equity Lifestyle Properties	Reduce -45.1%	0.62%	−0.58
CCI Crown Castle Inc.	Reduce -32.0%	0.78%	−0.58
O Realty Income Corp.	Reduce -18.0%	1.65%	−0.54
HII Huntington Ingalls Industrie	Sold out	0.00%	−0.52
EPR Epr Properties	Sold out	0.00%	−0.51
NSSC Napco Security Technologies	Sold out	0.00%	−0.47
SII Sprott Inc.	Reduce -30.2%	0.42%	−0.42
BKTI BK Technologies Corporation	Sold out	0.00%	−0.42
ABBV Abbvie Inc.	Sold out	0.00%	−0.39
EQIX Equinix Inc.	Reduce -2.7%	5.56%	−0.36
AOSL Alpha & Omega Semiconductor	Sold out	0.00%	−0.35
SPG Simon Property Group Inc.	Reduce -15.8%	3.56%	−0.32
GPGI Gpgi Inc.	Sold out	0.00%	−0.26
TRNO Terreno Realty Corp.	Reduce -4.3%	2.71%	−0.25
OMAB Grupo Aeroportuario Cen-ADR	Sold out	0.00%	−0.23
FPI Farmland Partners Inc.	Reduce -1.5%	0.76%	−0.22
B Barrick Mining Corp.	Sold out	0.00%	−0.21
Marex Group plc	Sold out	0.00%	−0.21
EYE National Vision Holdings Inc.	Sold out	0.00%	−0.20
BN Brookfield Asset Mgmt Inc.	Sold out	0.00%	−0.19
AL Sumisho Air Lease Corp.	Sold out	0.00%	−0.17
GTLS Chart Industries Inc.	Sold out	0.00%	−0.17
VTR Ventas Inc.	Reduce -4.5%	2.71%	−0.17
CSGS CSG Systems Intl Inc.	Sold out	0.00%	−0.16
EGP Eastgroup Properties Inc.	Reduce -4.8%	2.85%	−0.16
ADC Agree Realty Corp.	Reduce -4.5%	1.00%	−0.15
HUN Huntsman Corp.	Sold out	0.00%	−0.13
MDT Medtronic PLC	Sold out	0.00%	−0.12
FANG Diamondback Energy Inc.	Reduce -2.7%	0.39%	−0.11
IDCC Interdigital Inc.	Reduce -2.8%	0.43%	−0.09
VNQI Vanguard GLBL Ex-US Real Est	Sold out	0.00%	−0.09
CWEN Clearway Energy Inc. Class C	Reduce -1.4%	0.29%	−0.08
DHT DHT Holdings Inc.	Reduce -1.6%	0.32%	−0.07
WPC WP Carey Inc.	Reduce -4.5%	0.74%	−0.07
EXR Extra Space Storage Inc.	Reduce -4.7%	1.54%	−0.06
SBRA Sabra Health Care REIT Inc.	Reduce -4.3%	0.45%	−0.06
OKE Oneok Inc.	Reduce -1.9%	0.34%	−0.06
DVN Devon Energy Corp.	Reduce -1.6%	0.14%	−0.05
TGS Transportador Gas-ADR SP B	Reduce -1.5%	0.17%	−0.05
OHI Omega Healthcare Investors	Reduce -3.1%	1.12%	−0.05
FR First Industrial Realty TR	Reduce -4.3%	0.58%	−0.05
WMB Williams Cos Inc.	Reduce -1.6%	0.49%	−0.05
WELL Welltower Inc.	Reduce -4.8%	5.72%	−0.04
CTRE Caretrust REIT Inc.	Reduce -4.3%	0.88%	−0.04
WM Waste Management Inc.	Reduce -3.4%	0.20%	−0.04
SCCO Southern Copper Corp.	Reduce -1.6%	0.33%	−0.03

Portfolio Buys Q1 2026 → Q2 2026


IRM Iron Mountain Inc.	New	1.20%	+1.20
DLR Digital Realty Trust Inc.	Add +46.4%	3.24%	+0.79
BKTI BK Technologies Corp.	New	0.53%	+0.53
OUT Outfront Media Inc.	Add +20.2%	1.47%	+0.38
REG Regency Centers Corp.	Add +37.5%	1.58%	+0.38
NTSK Netskope Inc. Class A	Add +292.0%	0.47%	+0.37
LAMR Lamar Advertising Co. Class A	Add +90.0%	0.68%	+0.36
LINE Lineage Inc.	New	0.35%	+0.35
OMCL Omnicell Inc.	Add +173.1%	0.47%	+0.32
ATEN A10 Networks Inc.	Add +51.9%	0.58%	+0.32
CDNA Caredx Inc.	Add +150.3%	0.43%	+0.32
VMRK Vivmark Residential	Add +88.5%	0.62%	+0.30
AVB Avalonbay Communities Inc.	Add +21.7%	1.29%	+0.28
AXGN Axogen Inc.	Add +15.5%	0.86%	+0.27
MRX Marex UK Holdings Ltd.	New	0.27%	+0.27
XRN Chiron Real Estate Inc.	Add +24.3%	1.08%	+0.24
GHM Graham Corp.	Add +3.2%	0.70%	+0.22
BLX Bladex Inc.	Add +21.1%	0.86%	+0.21
HNRG Hallador Energy Co.	New	0.20%	+0.20
BPOP Popular Inc.	New	0.19%	+0.19
ESQ Esquire Financial Holdings I	Add +67.5%	0.48%	+0.19
GENI Genius Sports Ltd.	Add +115.8%	0.30%	+0.19
UTI Universal Technical Institut	Add +16.3%	0.90%	+0.18
BAM Brookfield Asset Mgmt-A	New	0.17%	+0.17
VOXR Vox Royalty Corp.	Add +184.9%	0.29%	+0.17
COLL Collegium Pharmaceutical Inc.	Add +69.3%	0.41%	+0.16
IHG Intercontinental Hotels-ADR	New	0.16%	+0.16
CPA Copa Holdings SA Class A	Add +52.2%	0.34%	+0.16
JAN Janus Living Inc. Class-A-1	New	0.15%	+0.15
FRT Federal Realty Invs Trust	New	0.15%	+0.15
TKR Timken Co.	Add +41.9%	0.32%	+0.15
SRTA Strata Critical Medical Inc.	Add +9.9%	0.73%	+0.15
RHP Ryman Hospitality Properties	New	0.15%	+0.15
NGS Natural Gas Services Group	Add +77.0%	0.32%	+0.15
CNS Cohen & Steers Inc.	New	0.15%	+0.15
UNP Union Pacific Corp.	New	0.14%	+0.14
BLFS Biolife Solutions Inc.	Add +3.0%	0.51%	+0.14
ASTE Astec Industries Inc.	Add +23.6%	0.62%	+0.14
XEL Xcel Energy Inc.	New	0.13%	+0.13
MG Mistras Group Inc.	New	0.13%	+0.13
AUPH Aurinia Pharmaceuticals Inc.	Add +65.4%	0.31%	+0.13
PUMP Propetro Holding Corp.	Add +112.8%	0.24%	+0.12
PLD Prologis Inc.	Add +11.0%	3.57%	+0.12
AZZ Azz Inc.	Add +3.0%	0.77%	+0.11
HZO Marinemax Inc.	Add +50.0%	0.23%	+0.10
AROC Archrock Inc.	Add +113.5%	0.15%	+0.09
LINEQ Linn Energy LLC-Units	New	0.09%	+0.09
APD Air Products & Chemicals Inc.	New	0.08%	+0.08
LPG Dorian LPG Ltd.	New	0.08%	+0.08
YOU Clear Secure Inc. Class A	New	0.08%	+0.08

Notes & Other Activity Q1 2026 → Q2 2026


BOEING CO/THE (BA 6 10/15/27)	DEP CONV PFD A	Reduce -1.4%	65,609	$4.4M
ALBEMARLE CORP (ALB 7.25 03/01/27)	7.25% DEP SHS A	Reduce -1.2%	53,835	$3.0M
AT&T INC (T 4.75 PERP C)	PFD	Reduce -1.5%	158,693	$2.8M
EPR PROPERTIES (EPR 5.75 PERP C)	PFD C CV 5.75%	Reduce -1.2%	109,499	$2.8M
PG&E CORP (PCG 6 12/01/27 A)	PFD CONV SER A	Reduce -1.6%	60,178	$2.5M
BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	Reduce -5.2%	1,816	$2.3M
PUBLIC STORAGE (PSA 5.6 PERP H)	Common Stock	Sold out	91,300	$2.0Mbefore exit
PITNEY BOWES INC (PBI 6.7 03/07/43)	Equities	Reduce -2.0%	94,318	$1.9M
TRITON INTERNATIONAL LTD (TRTN 8 PERP B)	PFD	Reduce -1.2%	69,160	$1.7M
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28)	DEP SHS REPSTG	Reduce -1.5%	18,716	$1.4M
QXO INC (QXO 5.5 05/15/28 B)	5.50 DEP PFD	Add +105.4%	27,875	$1.4M
REDWOOD TRUST INC (RWT V10 PERP)	COM	Reduce -1.9%	53,718	$1.3M
ADAMAS TRUST INC (ADAM V7.875 PERP E)	PFD	Reduce -1.6%	52,829	$1.3M
PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F)	6.3 CUM PFD SR F	Reduce -3.1%	43,299	$841K
RLJ LODGING TRUST (RLJ 1.95 PERP A)	CUM CONV PFD A	Sold out	32,025	$772Kbefore exit

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