In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Vision Capital Corp reported 8 stock positions worth $171.7 million . Its top holding was Sun Communities (SUI) at 21.2% of the portfolio, followed by Equinix (EQIX, 20.6% ) and Inventrust Properties (IVT, 18.4% ). Compared with Q2 2025, it opened 1 new position, sold out of 5, added to 6 and reduced 1. The biggest buy was Equinix (EQIX, shares +36% ) and the biggest sale an exit from Udr (UDR).
Location TORONTO, A6
CIK 0001764403
Portfolio Value $171.7M (Q3 2025) Holdings 8 stocks · $171.7M 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 Q2 2025 SUI Sun Communities Inc. filed as SUN CMNTYS INC 281,860 $36.4M Add +2.5% EQIX Equinix Inc. 45,075 $35.3M Add +36.3% IVT Inventrust Properties Corp. 1,105,874 $31.7M Add +11.8% COLD Americold Realty Trust Inc. 1,999,050 $24.5M Add +4.5% EGP Eastgroup Properties Inc. 111,000 $18.8M Add +37.0% DLR Digital Realty Trust Inc. 93,969 $16.2M Add +59.4% CBRE CBRE Group Inc. Class A 40,148 $6.3M Reduce -10.8% NMRK Newmark Group Inc. Class A 138,632 $2.6M New
Options reported separately and not counted above: SPY puts ($133.2M), OHI calls ($21.1M), CBRE calls ($16.1M).
Portfolio Sells Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▲ UDR Udr Inc. Sold out 0.00% −14.12 SLG SL Green Realty Corp. Sold out 0.00% −9.13 HUDSON PAC PPTYS INC Sold out 0.00% −4.26 KRG Kite Realty Group Trust Sold out 0.00% −2.97 AIV Apartment Invt & Mgmt Co. Class A Sold out 0.00% −2.41 CBRE CBRE Group Inc. Class A Reduce -10.8% 3.68% +0.87
Portfolio Buys Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▼ EQIX Equinix Inc. Add +36.3% 20.56% +8.80 IVT Inventrust Properties Corp. Add +11.8% 18.43% +6.31 SUI Sun Communities Inc. Add +2.5% 21.17% +5.63 EGP Eastgroup Properties Inc. Add +37.0% 10.94% +4.89 DLR Digital Realty Trust Inc. Add +59.4% 9.46% +4.87 NMRK Newmark Group Inc. Class A New 1.51% +1.51 COLD Americold Realty Trust Inc. Add +4.5% 14.25% +0.03
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put New 200,000 $133.2M ISHARES TR put Sold out 1,225,400 $116.1Mbefore exit ISHARES TR put Sold out 408,000 $38.0Mbefore exit OHI Omega Healthcare Investors call New 500,000 $21.1M CBRE CBRE Group Inc. Class A call New 102,000 $16.1M
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