In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Vision Capital Corp reported 12 stock positions worth $223.7 million . Its top holding was Sun Communities (SUI) at 15.5% of the portfolio, followed by Americold Realty Trust (COLD, 14.2% ) and Udr (UDR, 14.1% ). Compared with Q1 2025, it opened 2 new positions, sold out of 3, added to 5 and reduced 2. The biggest buy was a new position in Udr (UDR) and the biggest sale an exit from Piedmont Realty Trust (PDM).
Location TORONTO, A6
CIK 0001764403
Portfolio Value $223.7M (Q2 2025) Holdings 12 stocks · $223.7M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2025 SUI Sun Communities Inc. filed as SUN CMNTYS INC 274,860 $34.8M No change COLD Americold Realty Trust Inc. 1,912,320 $31.8M Add +54.5% UDR Udr Inc. 774,000 $31.6M New IVT Inventrust Properties Corp. 989,472 $27.1M Add +182.7% EQIX Equinix Inc. 33,075 $26.3M No change SLG SL Green Realty Corp. 330,000 $20.4M Add +65.0% EGP Eastgroup Properties Inc. 81,000 $13.5M Add +3.9% DLR Digital Realty Trust Inc. 58,969 $10.3M No change HUDSON PAC PPTYS INC 3,482,555 $9.5M New KRG Kite Realty Group Trust 293,822 $6.7M Reduce -46.6% CBRE CBRE Group Inc. Class A 45,000 $6.3M Reduce -71.0% AIV Apartment Invt & Mgmt Co. Class A 624,036 $5.4M Add +150.8%
Options reported separately and not counted above: ISHARES TR puts ($116.1M), ISHARES TR puts ($38.0M).
Portfolio Sells Q1 2025 → Q2 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▲ PDM Piedmont Realty Trust Inc. Sold out 0.00% −11.49 CBRE CBRE Group Inc. Class A Reduce -71.0% 2.82% −6.82 ESRT Empire State Realty Trust-A Sold out 0.00% −6.07 KRG Kite Realty Group Trust Reduce -46.6% 2.97% −2.88 SHO Sunstone Hotel Investors Inc. Sold out 0.00% −2.69
Portfolio Buys Q1 2025 → Q2 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▼ UDR Udr Inc. New 14.12% +14.12 IVT Inventrust Properties Corp. Add +182.7% 12.12% +7.23 HUDSON PAC PPTYS INC New 4.26% +4.26 SLG SL Green Realty Corp. Add +65.0% 9.13% +3.64 COLD Americold Realty Trust Inc. Add +54.5% 14.21% +1.58 AIV Apartment Invt & Mgmt Co. Class A Add +150.8% 2.41% +1.37 EGP Eastgroup Properties Inc. Add +3.9% 6.05% −0.49
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ ISHARES TR put Add +22.5% 1,225,400 $116.1M ISHARES TR put Sold out 1,400,000 $110.4Mbefore exit ISHARES TR put New 408,000 $38.0M VISTRA CORP call Sold out 175,000 $20.6Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 13 $216.8M DLR, BKD, CUBE, FR, EQIX Q1 2026 9 $183.2M SUI, EQIX, FR, IVT, CUBE Q4 2025 10 $181.3M SUI, EQIX, IVT, CUBE, FR Q3 2025 8 $171.7M SUI, EQIX, IVT, COLD, EGP Q2 2025 12 $223.7M SUI, COLD, UDR, IVT, EQIX Q1 2025 13 $210.2M SUI, EQIX, COLD, PDM, CBRE Q4 2024 13 $262.1M SUI, PDM, EQIX, VST, ESRT Q3 2024 18 $403.6M DLR, TMHC, SUI, ESRT, VST Q2 2024 12 $308.2M DLR, SUI, PLD, COLD, FR Q1 2024 15 $332.6M SUI, VTR, PLD, JLL, FR