Vision Capital Corp

TORONTO, A6 · CIK 1764403 · 13F filing filed 2023-02-13

Exempt reporting adviser since 2018 · corporation

$218.1m reported value +4.0% vs Q3 2022

8positions

100.0%in top 10

1 new 2 added 5 reduced 1 sold out vs Q3 2022

Options: 1 call positions ($10.9m notional), 3 put positions ($306.6m notional) – listed below, not included above.

Holdings, Q4 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SUN CMNTYS INC COM SUI	SUI	448,693	$64.2m29.42%	29.42%	Reduced -102	-102 -0.0%
2	FIRST INDL RLTY TR INC COM FR	FR	1,010,142	$48.7m22.36%	22.36%	Reduced -244	-244 -0.0%
3	AMERICAN HOMES 4 RENT CL A AMH	AMH	1,266,873	$38.2m17.51%	17.51%	Added +299.8k	+299,752 31.0%
4	INVITATION HOMES INC COM INVH	INVH	732,069	$21.7m9.95%	9.95%	Added +299.9k	+299,912 69.4%
5	EQUITY LIFESTYLE PPTYS INC COM ELS	ELS	252,467	$16.3m7.48%	7.48%	Reduced -65	-65 -0.0%
6	DIGITAL RLTY TR INC COM DLR	DLR	161,474	$16.2m7.42%	7.42%	New
7	TRICON RESIDENTIAL INC COM NPV TCN	TCN	1,333,942	$10.3m4.72%	4.72%	Reduced -336.0k	-336,027 -20.1%
8	ISHARES TR 20 YR TR BD ETF TLT	TLT	24,954	$2.5m1.14%	1.14%	Reduced -25.0k	-25,046 -50.1%

Security	Ticker	Shares held before	Value then
ALEXANDRIA REAL ESTATE EQ IN ARE	ARE	156,487	$21.9m156.5k shares

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	320,000	$122.4m320.0k shares	New
ISHARES TR Put		Put	1,359,200	$100.1m1.4m shares	Added
ISHARES TR Put		Put	1,000,000	$84.2m1.0m shares	Reduced
ALEXANDRIA REAL ESTATE EQ IN ARE · Call	ARE	Call	74,600	$10.9m74.6k shares	New