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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
-7%
1 Year Est. Return
-0.8%
3 Year Est. Return
+12.94%
5 Year Est. Return
+10.45%
10 Year Est. Return
–
AUM
$437M
AUM Growth
-$182M
(-29%)
Cap. Flow
+$77M
Cap. Flow
% of AUM
17.61%
Top 10 Holdings %
Top 10 Hldgs %
88.46%
Holding
24
New
6
Increased
3
Reduced
5
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CBRE Group
CBRE
|
+$17.5M |
| 2 |
SL Green Realty
SLG
|
+$12.6M |
| 3 |
Kite Realty
KRG
|
+$12.6M |
| 4 |
InvenTrust Properties
IVT
|
+$7.68M |
| 5 |
Sunstone Hotel Investors
SHO
|
+$6.51M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vistra
VST
|
+$32.7M |
| 2 |
TMHC
Taylor Morrison
TMHC
|
+$21M |
| 3 |
Newmark Group
NMRK
|
+$11.1M |
| 4 |
Empire State Realty Trust
ESRT
|
+$10.5M |
| 5 |
Digital Realty Trust
DLR
|
+$9.76M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 48.11% |
| 2 | Consumer Discretionary | 0% |
| 3 | Utilities | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares Morningstar Value ETF
ILCV
$1.32B
| $110M | 25.28% |
1,400,000
-550,000
| -28% | -$45.5M |
|
2
PUT
iShares S&P 100 ETF
OEF
$20.1B
| $95.8M | 21.91% |
+1,000,000
| New | +$287M |
|
3
Sun Communities
SUI
$15.2B
| $35.4M | 8.09% |
274,860
| – | – |
|
4
Equinix
EQIX
$101B
| $27M | 6.17% |
33,075
| – | – |
|
5
Americold
COLD
$4.02B
| $26.6M | 6.08% |
1,237,320
+42,600
| +4% | +$926K |
|
|
PDM
6
Piedmont Realty Trust
PDM
$1.21B
| $24.1M | 5.53% |
3,276,777
-250,000
| -7% | -$1.98M |
|
|
7
CALL
Vistra
VST
$50B
| $20.6M | 4.7% |
+175,000
| New | +$26.1M |
|
|
8
CBRE Group
CBRE
$42.5B
| $20.3M | 4.64% |
155,000
+128,700
| +489% | +$17.5M |
|
9
EastGroup Properties
EGP
$11.2B
| $13.7M | 3.14% |
78,000
-20,000
| -20% | -$3.48M |
|
|
10
Empire State Realty Trust
ESRT
$872M
| $12.8M | 2.92% |
1,632,859
-1,170,089
| -42% | -$10.5M |
|
|
11
Kite Realty
KRG
$5.81B
| $12.3M | 2.82% |
+550,000
| New | +$12.6M |
|
|
12
SL Green Realty
SLG
$3.76B
| $11.5M | 2.64% |
+200,000
| New | +$12.6M |
|
|
13
InvenTrust Properties
IVT
$2.76B
| $10.3M | 2.35% |
350,000
+260,457
| +291% | +$7.68M |
|
|
14
Digital Realty Trust
DLR
$69.7B
| $8.45M | 1.93% |
58,969
-60,000
| -50% | -$9.76M |
|
|
15
Sunstone Hotel Investors
SHO
$2.19B
| $5.65M | 1.29% |
+600,000
| New | +$6.51M |
|
|
AIV
16
Aimco
AIV
$387M
| $2.19M | 0.5% |
+248,780
| New | +$2.21M |
|
17
CALL
Host Hotels & Resorts
HST
$17.2B
| – | – |
-50,400
| Closed | -$883K |
|
18
CALL
Invitation Homes
INVH
$17.7B
| – | – |
-670,000
| Closed | -$21.4M |
|
19
M/I Homes
MHO
$3.74B
| – | – |
-37,999
| Closed | -$5.05M |
|
|
20
Newmark Group
NMRK
$2.66B
| – | – |
-869,168
| Closed | -$11.1M |
|
21
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| – | – |
-190,000
| Closed | -$111M |
|
|
22
CALL
Sun Communities
SUI
$15.2B
| – | – |
-175,000
| Closed | -$21.5M |
|
|
TMHC
23
DELISTED
Taylor Morrison
TMHC
| – | – |
-343,150
| Closed | -$21M |
|
|
24
Vistra
VST
$50B
| – | – |
-219,000
| Closed | -$32.7M |
|
Similar funds
DL
ECA
CF
TPWA
LCG
GF
PIM
BWM
Vision Capital's Q1 2025 Portfolio in Review
As of Q1 2025, Vision Capital held 24 positions worth $437M, down 29% from $619M the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Vision Capital deployed $77M of net new capital in Q1 2025, opening 6 new positions and adding to 3 existing holdings. Its largest new stake was SL Green Realty: 200,000 shares worth $11.5M.
By sector, the portfolio is most concentrated in Real Estate at 48% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Utilities.
On the sell side, the largest reduction was Empire State Realty Trust, an estimated $10.5M trimmed.
- Vision Capital's largest Q1 2025 buy was SL Green Realty: 200,000 shares worth $11.5M.
- Vision Capital added most to CBRE Group in Q1 2025, an estimated $17.5M increase.
- Vision Capital's biggest Q1 2025 reduction was Empire State Realty Trust, cutting an estimated $10.5M.
- Vision Capital fully exited Vistra in Q1 2025, selling an estimated $32.7M.
- Vision Capital's ten largest holdings make up 88% of its $437M portfolio in Q1 2025.
- Vision Capital opened 6 new positions and closed 8 in Q1 2025.
- Vision Capital's portfolio value fell 29% quarter-over-quarter to $437M.
Based on Vision Capital's 13F filing for Q1 2025, filed 13 May 2025.