# B&I Capital AG

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1843527. Source: https://holderbook.com/funds/1843527-b-i-capital-ag/

- Reported value: $45.3M
- Positions: 28
- Weight of the ten largest: 68.9%
- Filed: 2026-08-11

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $6.1M | 45,009 | 13.5% | 23 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $5.7M | 25,325 | 12.7% | 17 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $3.9M | 3,704 | 8.5% | 23 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $3.2M | 10,150 | 7.1% | 8 |
| AMERICAN HEALTHCARE REIT INC | [AHR](https://holderbook.com/stocks/AHR/) | $3.2M | 60,620 | 7.0% | 3 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $2.1M | 9,445 | 4.7% | 19 |
| AVALONBAY CMNTYS INC | [AVB](https://holderbook.com/stocks/AVB/) | $2.0M | 10,820 | 4.5% | 2 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $1.8M | 9,800 | 3.9% | 7 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $1.7M | 13,535 | 3.8% | 6 |
| MID-AMER APT CMNTYS INC | [MAA](https://holderbook.com/stocks/MAA/) | $1.5M | 10,825 | 3.3% | 9 |
| PHILLIPS EDISON & CO INC | [PECO](https://holderbook.com/stocks/PECO/) | $1.5M | 35,068 | 3.2% | 20 |
| INVENTRUST PPTYS CORP | [IVT](https://holderbook.com/stocks/IVT/) | $1.4M | 39,800 | 3.1% | 3 |
| CARETRUST REIT INC | [CTRE](https://holderbook.com/stocks/CTRE/) | $1.3M | 31,400 | 2.8% | 3 |
| ESSENTIAL PPTYS RLTY TR INC | [EPRT](https://holderbook.com/stocks/EPRT/) | $1.1M | 37,600 | 2.5% | 23 |
| EQUITY LIFESTYLE PROPERTIES | [ELS](https://holderbook.com/stocks/ELS/) | $1.1M | 17,142 | 2.4% | 7 |
| FOUR CORNERS PPTY TR INC | [FCPT](https://holderbook.com/stocks/FCPT/) | $1.1M | 44,130 | 2.4% | 13 |
| AMERICAN HOMES 4 RENT | [AMH](https://holderbook.com/stocks/AMH/) | $1.0M | 30,030 | 2.2% | 23 |
| INDEPENDENCE RLTY TR INC | [IRT](https://holderbook.com/stocks/IRT/) | $829.2K | 49,680 | 1.8% | 9 |
| SL GREEN RLTY CORP | [SLG](https://holderbook.com/stocks/SLG/) | $745.5K | 14,400 | 1.6% | 2 |
| VICI PPTYS INC | [VICI](https://holderbook.com/stocks/VICI/) | $705.2K | 26,560 | 1.6% | 13 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $668.3K | 4,962 | 1.5% | 2 |
| COUSINS PPTYS INC | [CUZ](https://holderbook.com/stocks/CUZ/) | $640.7K | 21,370 | 1.4% | 5 |
| LXP INDUSTRIAL TRUST | [LXP](https://holderbook.com/stocks/LXP/) | $433.7K | 8,050 | 1.0% | 1 |
| KILROY REALTY CORP | [KRC](https://holderbook.com/stocks/KRC/) | $348.5K | 9,300 | 0.8% | 1 |
| EXTRA SPACE STORAGE INC | [EXR](https://holderbook.com/stocks/EXR/) | $345.1K | 2,375 | 0.8% | 1 |
| BLACKSTONE DIGITAL INFRASTRU | - | $344.7K | 15,934 | 0.8% | 1 |
| MACERICH CO | [MAC](https://holderbook.com/stocks/MAC/) | $303.1K | 12,032 | 0.7% | 7 |
| AMERICOLD REALTY TRUST INC | [COLD](https://holderbook.com/stocks/COLD/) | $290.0K | 18,450 | 0.6% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.9% | +14.8% | -4.9% | 100% |
| Q1 2026 | +3.5% | -4.6% | +8.2% | 100% |
| Q4 2025 | -3.0% | +2.4% | -5.4% | 100% |
| Q3 2025 | +0.9% | +7.8% | -6.9% | 100% |
| Q2 2025 | -3.2% | +10.5% | -13.7% | 100% |
| Q1 2025 | +1.8% | -4.6% | +6.3% | 100% |
| Q4 2024 | -9.7% | +2.1% | -11.9% | 100% |
| Q3 2024 | +15.2% | +5.4% | +9.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $45.3M | 28 |
| Q1 2026 | $294.1M | 24 |
| Q4 2025 | $281.2M | 25 |
| Q3 2025 | $288.9M | 29 |
| Q2 2025 | $294.0M | 31 |
| Q1 2025 | $307.5M | 30 |
| Q4 2024 | $306.9M | 27 |
| Q3 2024 | $345.0M | 27 |
| Q2 2024 | $312.6M | 27 |
| Q1 2024 | $315.6M | 25 |
| Q4 2023 | $317.6M | 27 |
| Q3 2023 | $276.4M | 27 |