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Vision Capital Portfolio holdings
AUM
$309M
1-Year Est. Return
10.92%
This Fund
S&P 500
This Quarter
Est. Return
+21.57%
1 Year Est. Return
+10.92%
3 Year Est. Return
+19.81%
5 Year Est. Return
+6.47%
10 Year Est. Return
–
AUM
$255M
AUM Growth
-$35.6M
(-12%)
Cap. Flow
+$60.3M
Cap. Flow
% of AUM
23.62%
Top 10 Holdings %
Top 10 Hldgs %
89.99%
Holding
15
New
9
Increased
–
Reduced
1
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Host Hotels & Resorts
HST
|
+$19.2M |
| 2 |
Prologis
PLD
|
+$18.2M |
| 3 |
Meritage Homes
MTH
|
+$8.3M |
| 4 |
Lennar Class A
LEN
|
+$8.25M |
| 5 |
D.R. Horton
DHI
|
+$8.19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Homes 4 Rent
AMH
|
+$21.2M |
| 2 |
Kimco Realty
KIM
|
+$1.89M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 78.03% |
| 2 | Consumer Discretionary | 16.27% |
| 3 | Miscellaneous | 5.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Sun Communities
SUI
$14B
| $53.3M | 20.87% |
398,793
| – | – |
|
2
First Industrial Realty Trust
FR
$8.14B
| $39.9M | 15.62% |
757,550
| – | – |
|
3
Ventas
VTR
$45.2B
| $37.4M | 14.63% |
750,000
| – | – |
|
|
4
Host Hotels & Resorts
HST
$14.9B
| $21.8M | 8.54% |
+1,121,000
| New | +$19.2M |
|
|
5
Prologis
PLD
$127B
| $21.3M | 8.35% |
+160,000
| New | +$18.2M |
|
6
PUT
Hilton Worldwide
HLT
$68.8B
| $14.6M | 5.7% |
+80,000
| New | +$13.1M |
|
7
M/I Homes
MHO
$3.55B
| $11.1M | 4.34% |
+80,429
| New | +$8.04M |
|
|
8
Meritage Homes
MTH
$4.17B
| $10.5M | 4.11% |
+120,400
| New | +$8.3M |
|
|
9
D.R. Horton
DHI
$38.7B
| $10.1M | 3.96% |
+66,500
| New | +$8.19M |
|
|
10
Lennar Class A
LEN
$18.9B
| $9.88M | 3.87% |
+68,488
| New | +$8.25M |
|
|
TCN
11
DELISTED
Tricon Residential Inc.
TCN
| $9.6M | 3.76% |
+1,055,000
| New | +$8.09M |
|
|
12
Kimco Realty
KIM
$15.2B
| $9.59M | 3.75% |
450,000
-100,000
| -18% | -$1.89M |
|
13
Jones Lang LaSalle
JLL
$15.7B
| $6.39M | 2.5% |
+33,835
| New | +$5.12M |
|
|
14
American Homes 4 Rent
AMH
$11.3B
| – | – |
-627,968
| Closed | -$21.2M |
|
15
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$795B
| – | – |
-3,400
| Closed | -$145M |
|
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Vision Capital's Q4 2023 Portfolio in Review
As of Q4 2023, Vision Capital held 15 positions worth $255M, down 12% from $291M the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Vision Capital deployed $60.3M of net new capital in Q4 2023, opening 9 new positions. Its largest new stake was Host Hotels & Resorts: 1,121,000 shares worth $21.8M.
By sector, the portfolio is most concentrated in Real Estate at 78% of assets, up from 50% a quarter earlier, followed by Consumer Discretionary and Miscellaneous.
On the sell side, the largest reduction was Kimco Realty, an estimated $1.89M trimmed.
- Vision Capital's largest Q4 2023 buy was Host Hotels & Resorts: 1,121,000 shares worth $21.8M.
- Vision Capital's biggest Q4 2023 reduction was Kimco Realty, cutting an estimated $1.89M.
- Vision Capital fully exited American Homes 4 Rent in Q4 2023, selling an estimated $21.2M.
- Vision Capital's ten largest holdings make up 90% of its $255M portfolio in Q4 2023.
- Vision Capital opened 9 new positions and closed 2 in Q4 2023.
- Vision Capital's portfolio value fell 12% quarter-over-quarter to $255M.
Based on Vision Capital's 13F filing for Q4 2023, filed 13 Feb 2024.