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Vision Capital Portfolio holdings
AUM
$397M
1-Year Est. Return
0.8%
This Fund
S&P 500
This Quarter
Est. Return
+5.76%
1 Year Est. Return
-0.8%
3 Year Est. Return
+12.94%
5 Year Est. Return
+10.45%
10 Year Est. Return
–
AUM
$1.52B
AUM Growth
+$889M
(+141%)
Cap. Flow
+$1.26B
Cap. Flow
% of AUM
82.89%
Top 10 Holdings %
Top 10 Hldgs %
94.44%
Holding
24
New
10
Increased
3
Reduced
4
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LSI
Life Storage, Inc.
LSI
|
+$29.7M |
| 2 |
Phillips Edison & Co
PECO
|
+$21.8M |
| 3 |
Diamondrock Hospitality Co
DRH
|
+$13.4M |
| 4 |
MDC
M.D.C. Holdings, Inc.
MDC
|
+$12.7M |
| 5 |
CSR
Centerspace
CSR
|
+$11.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Builders FirstSource
BLDR
|
+$14.8M |
| 2 |
Invitation Homes
INVH
|
+$13.8M |
| 3 |
American Homes 4 Rent
AMH
|
+$13.5M |
| 4 |
Camden Property Trust
CPT
|
+$9.66M |
| 5 |
AIRC
Apartment Income REIT Corp.
AIRC
|
+$4.82M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 12.68% |
| 2 | Industrials | 0.83% |
| 3 | Consumer Discretionary | 0.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $683M | 44.89% |
1,590,700
+1,140,200
| +253% | +$503M |
|
2
PUT
iShares S&P 100 ETF
OEF
$20.1B
| $445M | 29.28% |
4,348,900
+2,588,900
| +147% | +$526M |
|
|
3
CALL
iShares S&P 100 ETF
OEF
$20.1B
| $102M | 6.73% |
+1,000,000
| New | +$203M |
|
4
Alexandria Real Estate Equities
ARE
$8.97B
| $79.1M | 5.2% |
414,060
+39,120
| +10% | +$7.79M |
|
|
LSI
5
DELISTED
Life Storage, Inc.
LSI
| $28.7M | 1.89% |
+250,000
| New | +$29.7M |
|
|
6
Phillips Edison & Co
PECO
$5.46B
| $22.8M | 1.5% |
+744,016
| New | +$21.8M |
|
|
7
CALL
American Homes 4 Rent
AMH
$12B
| $21.7M | 1.43% |
+570,000
| New | +$23.3M |
|
8
CALL
Americold
COLD
$4.02B
| $21.4M | 1.41% |
+738,000
| New | +$27M |
|
|
9
Invitation Homes
INVH
$17.7B
| $16.5M | 1.09% |
430,877
-345,000
| -44% | -$13.8M |
|
|
10
CALL
Builders FirstSource
BLDR
$7.15B
| $15.6M | 1.02% |
+301,000
| New | +$14.7M |
|
|
11
CALL
Invitation Homes
INVH
$17.7B
| $14.6M | 0.96% |
+380,000
| New | +$15.2M |
|
|
12
Diamondrock Hospitality Co
DRH
$2.71B
| $14.2M | 0.93% |
+1,500,000
| New | +$13.4M |
|
|
13
Builders FirstSource
BLDR
$7.15B
| $12.6M | 0.83% |
244,375
-302,595
| -55% | -$14.8M |
|
|
MDC
14
DELISTED
M.D.C. Holdings, Inc.
MDC
| $11.7M | 0.77% |
+250,000
| New | +$12.7M |
|
|
15
American Homes 4 Rent
AMH
$12B
| $11.5M | 0.76% |
302,218
-329,156
| -52% | -$13.5M |
|
|
CSR
16
Centerspace
CSR
$921M
| $11.5M | 0.75% |
+121,424
| New | +$11.4M |
|
|
AIRC
17
DELISTED
Apartment Income REIT Corp.
AIRC
| $8.52M | 0.56% |
174,600
-95,400
| -35% | -$4.82M |
|
|
18
Camden Property Trust
CPT
$11B
| – | – |
-72,822
| Closed | -$9.66M |
|
|
19
CALL
Diamondrock Hospitality Co
DRH
$2.71B
| – | – |
-1,500,000
| Closed | -$14.6M |
|
|
ELME
20
CALL
Elme Communities
ELME
$143M
| – | – |
-500,000
| Closed | -$11.5M |
|
21
CALL
Host Hotels & Resorts
HST
$17.2B
| – | – |
-980,000
| Closed | -$16.7M |
|
22
CALL
Pebblebrook Hotel Trust
PEB
$2.15B
| – | – |
-1,000,000
| Closed | -$23.6M |
|
23
CALL
Simon Property Group
SPG
$74.4B
| – | – |
-98,000
| Closed | -$12.8M |
|
|
MDC
24
CALL
DELISTED
M.D.C. Holdings, Inc.
MDC
| – | – |
-250,000
| Closed | -$12.7M |
|
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LCG
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PIM
BWM
Vision Capital's Q3 2021 Portfolio in Review
As of Q3 2021, Vision Capital held 24 positions worth $1.52B, up 141% from $632M the previous quarter. Its ten largest holdings account for 94% of the portfolio.
Vision Capital deployed $1.26B of net new capital in Q3 2021, opening 10 new positions and adding to 3 existing holdings. Its largest new stake was Life Storage, Inc.: 250,000 shares worth $28.7M.
By sector, the portfolio is most concentrated in Real Estate at 13% of assets, down from 23% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was Builders FirstSource, an estimated $14.8M trimmed.
- Vision Capital's largest Q3 2021 buy was Life Storage, Inc.: 250,000 shares worth $28.7M.
- Vision Capital added most to Alexandria Real Estate Equities in Q3 2021, an estimated $7.79M increase.
- Vision Capital's biggest Q3 2021 reduction was Builders FirstSource, cutting an estimated $14.8M.
- Vision Capital fully exited Camden Property Trust in Q3 2021, selling an estimated $9.66M.
- Vision Capital's ten largest holdings make up 94% of its $1.52B portfolio in Q3 2021.
- Vision Capital opened 10 new positions and closed 7 in Q3 2021.
- Vision Capital's portfolio value rose 141% quarter-over-quarter to $1.52B.
Based on Vision Capital's 13F filing for Q3 2021, filed 9 Nov 2021.