Vision Capital Corp

TORONTO, A6 · CIK 1764403 · 13F filing filed 2025-11-13

Exempt reporting adviser since 2018 · corporation

$171.7m reported value -23.2% vs Q2 2025

8positions

100.0%in top 10

1 new 6 added 1 reduced 5 sold out vs Q2 2025

Options: 2 call positions ($37.2m notional), 1 put positions ($133.2m notional) – listed below, not included above.

Holdings, Q3 2025

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	281,860	$36.4m21.17%	21.17%	Added +7.0k	+7,000 2.5%
2	EQUINIX INC COM EQIX	EQIX	45,075	$35.3m20.56%	20.56%	Added +12.0k	+12,000 36.3%
3	INVENTRUST PPTYS CORP COM NEW IVT	IVT	1,105,874	$31.7m18.43%	18.43%	Added +116.4k	+116,402 11.8%
4	AMERICOLD REALTY TRUST INC COM COLD	COLD	1,999,050	$24.5m14.25%	14.25%	Added +86.7k	+86,730 4.5%
5	EASTGROUP PPTYS INC COM EGP	EGP	111,000	$18.8m10.94%	10.94%	Added +30.0k	+30,000 37.0%
6	DIGITAL RLTY TR INC COM DLR	DLR	93,969	$16.2m9.46%	9.46%	Added +35.0k	+35,000 59.4%
7	CBRE GROUP INC CL A CBRE	CBRE	40,148	$6.3m3.68%	3.68%	Reduced -4.9k	-4,852 -10.8%
8	NEWMARK GROUP INC CL A NMRK	NMRK	138,632	$2.6m1.51%	1.51%	New

Security	Ticker	Shares held before	Value then
UDR INC UDR	UDR	774,000	$31.6m774.0k shares
SL GREEN RLTY CORP SLG	SLG	330,000	$20.4m330.0k shares
HUDSON PAC PPTYS INC		3,482,555	$9.5m3.5m shares
KITE RLTY GROUP TR KRG	KRG	293,822	$6.7m293.8k shares
APARTMENT INVT & MGMT CO AIV	AIV	624,036	$5.4m624.0k shares

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	200,000	$133.2m200.0k shares	New
OMEGA HEALTHCARE INVS INC OHI · Call	OHI	Call	500,000	$21.1m500.0k shares	New
CBRE GROUP INC CBRE · Call	CBRE	Call	102,000	$16.1m102.0k shares	New