Vision Capital Corp

TORONTO, A6 · CIK 1764403 · 13F filing filed 2026-02-13

Exempt reporting adviser since 2018 · corporation

$181.3m reported value +5.6% vs Q3 2025

10positions

100.0%in top 10

4 new 5 added 1 reduced 2 sold out vs Q3 2025

Options: 1 call positions ($11.3m notional), 1 put positions ($34.6m notional) – listed below, not included above.

Holdings, Q4 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	283,334	$35.1m19.37%	19.37%	Added +1.5k	+1,474 0.5%
2	EQUINIX INC COM EQIX	EQIX	45,292	$34.7m19.14%	19.14%	Added +217	+217 0.5%
3	INVENTRUST PPTYS CORP COM NEW IVT	IVT	1,017,381	$28.7m15.83%	15.83%	Reduced -88.5k	-88,493 -8.0%
4	CUBESMART COM CUBE	CUBE	546,656	$19.7m10.87%	10.87%	New
5	FIRST INDL RLTY TR INC COM FR	FR	283,919	$16.3m8.97%	8.97%	New
6	DIGITAL RLTY TR INC COM DLR	DLR	94,434	$14.6m8.06%	8.06%	Added +465	+465 0.5%
7	KENNEDY-WILSON HOLDINGS INC COM KW	KW	1,309,261	$12.7m6.98%	6.98%	New
8	CBRE GROUP INC CL A CBRE	CBRE	71,248	$11.5m6.32%	6.32%	Added +31.1k	+31,100 77.5%
9	NEWMARK GROUP INC CL A NMRK	NMRK	239,566	$4.2m2.29%	2.29%	Added +100.9k	+100,934 72.8%
10	AGREE RLTY CORP COM ADC	ADC	54,428	$3.9m2.16%	2.16%	New

Security	Ticker	Shares held before	Value then
AMERICOLD REALTY TRUST INC COLD	COLD	1,999,050	$24.5m2.0m shares
EASTGROUP PPTYS INC EGP	EGP	111,000	$18.8m111.0k shares

Underlying	Ticker	Type	Shares controlled	Notional	Change
EQUINIX INC EQIX · Put	EQIX	Put	45,100	$34.6m45.1k shares	New
CBRE GROUP INC CBRE · Call	CBRE	Call	70,000	$11.3m70.0k shares	Reduced