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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
-8.34%
1 Year Est. Return
-0.8%
3 Year Est. Return
+12.94%
5 Year Est. Return
+10.45%
10 Year Est. Return
–
AUM
$934M
AUM Growth
+$479M
(+105%)
Cap. Flow
+$751M
Cap. Flow
% of AUM
80.4%
Top 10 Holdings %
Top 10 Hldgs %
96.19%
Holding
18
New
6
Increased
4
Reduced
2
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sun Communities
SUI
|
+$54.2M |
| 2 |
First Industrial Realty Trust
FR
|
+$39.9M |
| 3 |
American Homes 4 Rent
AMH
|
+$39.5M |
| 4 |
Alexandria Real Estate Equities
ARE
|
+$23.4M |
| 5 |
Equity Lifestyle Properties
ELS
|
+$19.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TCN
Tricon Residential Inc.
TCN
|
+$42.4M |
| 2 |
MDC
M.D.C. Holdings, Inc.
MDC
|
+$8.02M |
| 3 |
Phillips Edison & Co
PECO
|
+$2.53M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 40.53% |
| 2 | Consumer Discretionary | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares S&P 100 ETF
OEF
$20.1B
| $285M | 30.49% |
+2,630,000
| New | +$540M |
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $271M | 28.98% |
599,000
+259,000
| +76% | +$115M |
|
|
3
Alexandria Real Estate Equities
ARE
$8.97B
| $100M | 10.75% |
498,815
+120,000
| +32% | +$23.4M |
|
|
4
American Homes 4 Rent
AMH
$12B
| $55.3M | 5.93% |
1,381,805
+1,003,893
| +266% | +$39.5M |
|
|
5
Sun Communities
SUI
$15.2B
| $51.1M | 5.48% |
+291,685
| New | +$54.2M |
|
|
6
First Industrial Realty Trust
FR
$8.73B
| $41.3M | 4.42% |
+666,501
| New | +$39.9M |
|
7
Invitation Homes
INVH
$17.7B
| $34.9M | 3.74% |
869,569
+438,019
| +101% | +$17.9M |
|
|
8
Phillips Edison & Co
PECO
$5.46B
| $23M | 2.46% |
668,320
-77,082
| -10% | -$2.53M |
|
|
9
Equity Lifestyle Properties
ELS
$12.6B
| $19.4M | 2.08% |
+253,759
| New | +$19.6M |
|
10
CubeSmart
CUBE
$9.39B
| $17.4M | 1.87% |
+335,000
| New | +$17M |
|
11
Diamondrock Hospitality Co
DRH
$2.71B
| $15.2M | 1.62% |
1,500,759
| – | – |
|
|
AIRC
12
DELISTED
Apartment Income REIT Corp.
AIRC
| $9.35M | 1% |
174,927
| – | – |
|
13
Independence Realty Trust
IRT
$3.92B
| $7.93M | 0.85% |
+300,000
| New | +$7.36M |
|
|
TCN
14
DELISTED
Tricon Residential Inc.
TCN
| $3.12M | 0.33% |
196,495
-2,783,937
| -93% | -$42.4M |
|
|
15
CALL
American Homes 4 Rent
AMH
$12B
| – | – |
-570,000
| Closed | -$24.9M |
|
16
CALL
Americold
COLD
$4.02B
| – | – |
-350,000
| Closed | -$11.5M |
|
|
17
CALL
Invitation Homes
INVH
$17.7B
| – | – |
-762,000
| Closed | -$34.5M |
|
|
MDC
18
DELISTED
M.D.C. Holdings, Inc.
MDC
| – | – |
-143,612
| Closed | -$8.02M |
|
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Vision Capital's Q1 2022 Portfolio in Review
As of Q1 2022, Vision Capital held 18 positions worth $934M, up 105% from $455M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Vision Capital deployed $751M of net new capital in Q1 2022, opening 6 new positions and adding to 4 existing holdings. Its largest new stake was Sun Communities: 291,685 shares worth $51.1M.
By sector, the portfolio is most concentrated in Real Estate at 41% of assets, down from 47% a quarter earlier, followed by Consumer Discretionary.
On the sell side, the largest reduction was Tricon Residential Inc., an estimated $42.4M trimmed.
- Vision Capital's largest Q1 2022 buy was Sun Communities: 291,685 shares worth $51.1M.
- Vision Capital added most to American Homes 4 Rent in Q1 2022, an estimated $39.5M increase.
- Vision Capital's biggest Q1 2022 reduction was Tricon Residential Inc., cutting an estimated $42.4M.
- Vision Capital fully exited M.D.C. Holdings, Inc. in Q1 2022, selling an estimated $8.02M.
- Vision Capital's ten largest holdings make up 96% of its $934M portfolio in Q1 2022.
- Vision Capital opened 6 new positions and closed 4 in Q1 2022.
- Vision Capital's portfolio value rose 105% quarter-over-quarter to $934M.
Based on Vision Capital's 13F filing for Q1 2022, filed 12 May 2022.