Vision Capital Corp

TORONTO, A6 · CIK 1764403 · 13F filing filed 2024-11-13

Exempt reporting adviser since 2018 · corporation

$403.6m reported value +31.0% vs Q2 2024

18positions

73.5%in top 10

9 new 3 added 5 reduced 3 sold out vs Q2 2024

Options: 2 call positions ($44.1m notional), 1 put positions ($172.1m notional) – listed below, not included above.

Holdings, Q3 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	DIGITAL RLTY TR INC COM DLR	DLR	379,469	$61.4m15.21%	15.21%	Added +55.0k	+55,000 16.9%
2	TAYLOR MORRISON HOME CORP COM TMHC	TMHC	543,316	$38.2m9.46%	9.46%	New
3	SUN CMNTYS INC COM SUI	SUI	274,860	$37.1m9.20%	9.20%	Reduced -98.9k	-98,933 -26.5%
4	EMPIRE ST RLTY TR INC CL A ESRT	ESRT	2,802,948	$31.1m7.69%	7.69%	Added +1.2m	+1,245,211 79.9%
5	VISTRA CORP COM VST	VST	219,000	$26.0m6.43%	6.43%	New
6	AMERICOLD REALTY TRUST INC COM COLD	COLD	829,720	$23.5m5.81%	5.81%	Reduced -527.6k	-527,600 -38.9%
7	PULTE GROUP INC COM PHM	PHM	155,700	$22.3m5.54%	5.54%	New
8	PIEDMONT OFFICE REALTY TR IN COM CL A PDM	PDM	2,137,300	$21.6m5.35%	5.35%	Unchanged
9	EASTGROUP PPTYS INC COM EGP	EGP	98,000	$18.3m4.54%	4.54%	New
10	NEWMARK GROUP INC CL A NMRK	NMRK	1,107,714	$17.2m4.26%	4.26%	New
11	VENTAS INC COM VTR	VTR	255,153	$16.4m4.05%	4.05%	Reduced -250.0k	-249,993 -49.5%
12	PROLOGIS INC. COM PLD	PLD	121,800	$15.4m3.81%	3.81%	Reduced -209.9k	-209,922 -63.3%
13	MERITAGE HOMES CORP COM MTH	MTH	67,750	$13.9m3.44%	3.44%	New
14	FIRST INDL RLTY TR INC COM FR	FR	227,760	$12.8m3.16%	3.16%	Reduced -335.0k	-335,000 -59.5%
15	BROOKDALE SR LIVING INC COM BKD	BKD	1,838,440	$12.5m3.09%	3.09%	Added +400.0k	+400,000 27.8%
16	M/I HOMES INC COM MHO	MHO	72,500	$12.4m3.08%	3.08%	New
17	ARMADA HOFFLER PPTYS INC COM AHRT	AHRT	1,100,000	$11.9m2.95%	2.95%	New
18	LINEAGE INC COM LINE	LINE	150,000	$11.8m2.91%	2.91%	New

Security	Ticker	Shares held before	Value then
SL GREEN RLTY CORP SLG	SLG	350,000	$19.8m350.0k shares
TOLL BROTHERS INC TOL	TOL	169,617	$19.5m169.6k shares
VERIS RESIDENTIAL INC		666,770	$10.0m666.8k shares

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	300,000	$172.1m300.0k shares	Reduced
INVITATION HOMES INC INVH · Call	INVH	Call	670,000	$23.6m670.0k shares	New
CUSHMAN WAKEFIELD PLC 9199067D · Call	9199067D	Call	1,500,000	$20.4m1.5m shares	New