Vision Capital Corp

TORONTO, A6 · CIK 1764403 · 13F filing filed 2024-05-13

Exempt reporting adviser since 2018 · corporation

$332.6m reported value +38.1% vs Q4 2023

15positions

85.4%in top 10

5 new 5 added 4 reduced 2 sold out vs Q4 2023

Options: 0 call positions (— notional), 1 put positions ($156.9m notional) – listed below, not included above.

Holdings, Q1 2024

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	373,793	$48.1m14.45%	14.45%	Reduced -25.0k	-25,000 -6.3%
2	VENTAS INC COM VTR	VTR	883,590	$38.5m11.57%	11.57%	Added +133.6k	+133,590 17.8%
3	PROLOGIS INC. COM PLD	PLD	275,959	$35.9m10.80%	10.80%	Added +116.0k	+115,959 72.5%
4	JONES LANG LASALLE INC COM JLL	JLL	158,300	$30.9m9.29%	9.29%	Added +124.5k	+124,465 367.9%
5	FIRST INDL RLTY TR INC COM FR	FR	557,476	$29.3m8.81%	8.81%	Reduced -200.1k	-200,074 -26.4%
6	AMERICOLD REALTY TRUST INC COM COLD	COLD	1,090,000	$27.2m8.17%	8.17%	New
7	ISHARES TR U.S. REAL ES ETF IYR	IYR	276,225	$24.8m7.47%	7.47%	New
8	EMPIRE ST RLTY TR INC CL A ESRT	ESRT	2,153,556	$21.8m6.56%	6.56%	New
9	SL GREEN RLTY CORP COM SLG	SLG	286,171	$15.8m4.74%	4.74%	New
10	TRICON RESIDENTIAL INC COM NPV TCN	TCN	1,061,831	$11.8m3.56%	3.56%	Added +6.8k	+6,831 0.7%
11	M/I HOMES INC COM MHO	MHO	80,396	$11.0m3.29%	3.29%	Reduced -33	-33 -0.0%
12	D R HORTON INC COM DHI	DHI	66,522	$10.9m3.29%	3.29%	Added +22	+22 0.0%
13	MERITAGE HOMES CORP COM MTH	MTH	60,175	$10.6m3.17%	3.17%	Reduced -25	-25 -0.0%
14	KIMCO RLTY CORP COM KIM	KIM	450,000	$8.8m2.65%	2.65%	Unchanged
15	COPT DEFENSE PROPERTIES SHS BEN INT CDP	CDP	300,000	$7.3m2.18%	2.18%	New

Security	Ticker	Shares held before	Value then
HOST HOTELS & RESORTS INC HST	HST	1,121,000	$21.8m1.1m shares
LENNAR CORP LEN	LEN	66,300	$9.9m66.3k shares

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	300,000	$156.9m300.0k shares	New