Uniplan Investment Counsel portfolio

What changed this quarter

222 positions with a change (42 new, 55 added to, 77 trimmed, 48 sold); also, 2 exited through an acquisition or merger. 6 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Iron Mountain+1.2 ppof portfolioNew
  — → 1.2%
• VICI Properties−1.1 ppof portfolioSold out
  1.2% → —
• Digital Realty Trust+46%more sharesIncreased
  2.4% → 3.2%
• Simon Property Group−16%fewer sharesReduced
  3.8% → 3.5%
• WisdomTree Floating Rate TRE ETF−19%fewer sharesReduced
  3.4% → 2.5%
• American Tower−16%fewer sharesReduced
  3.9% → 2.9%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• WelltowerWELL5.6%
• EquinixEQIX5.4%
• PrologisPLD3.5%
• Simon Property GroupSPG3.5%
• Digital Realty TrustDLR3.2%
• American TowerAMT2.9%
• Kite Realty Group TrustKRG2.8%
• Eastgroup PropertiesEGP2.8%
• Terreno RealtyTRNO2.6%
• VentasVTR2.6%
• WisdomTree Floating Rate TRE ETFUSFR2.5%
• Realty IncomeO1.6%
• Regency CentersREG1.5%
• Extra Space StorageEXR1.5%
• OUTFRONT MediaOUT1.4%
• Essex Property TrustESS1.3%
• Avalonbay CommunitiesAVB1.3%
• Public StoragePSA1.2%
• Iron MountainIRM1.2%
• Omega Healthcare InvestorsOHI1.1%
• Chiron Real EstateXRN1.0%
• Ligand PharmaceuticalsLGND1.0%
• Lincoln Educational ServicesLINC1.0%
• Agree RealtyADC1.0%
• TerawulfWULF1.0%
• WeyerhaeuserWY1.0%
• Sun CommunitiesSUI1.0%
• Solaris Energy InfrastructureSEI0.9%
• Universal Technical InstituteUTI0.9%
• Host Hotels & ResortsHST0.9%
• CareTrust REITCTRE0.9%
• AxogenAXGN0.8%
• Gorman-RuppGRC0.8%
• BladexBLX0.8%
• Mama’s CreationsMAMA0.8%
• NPK InternationalNPKI0.8%
• Crown CastleCCI0.8%
• AZZAZZ0.8%
• NWPX InfrastructureNWPX0.7%
• Farmland PartnersFPI0.7%
• Mid-america Apartment CommunitiesMAA0.7%
• W. P. CareyWPC0.7%
• Strata Critical MedicalSRTA0.7%
• GrahamGHM0.7%
• Lamar AdvertisingLAMR0.7%
• American Healthcare REITAHR0.7%
• EzcorpEZPW0.6%
• Astec IndustriesASTE0.6%
• Equity Lifestyle PropertiesELS0.6%
• Vivmark ResidentialVMRK0.6%
• Park AerospacePKE0.6%
• IradimedIRMD0.6%
• A10 NetworksATEN0.6%
• InnovivaINVA0.6%
• First Industrial Realty TrustFR0.6%
• BK TechnologiesBKTI0.5%
• InnodataINOD0.5%
• BioLife SolutionsBLFS0.5%
• HawkinsHWKN0.5%
• Williams CompaniesWMB0.5%
• Esquire Financial HoldingsESQ0.5%
• NetskopeNTSK0.5%
• OmnicellOMCL0.5%
• Royalty PharmaRPRX0.5%
• Valero EnergyVLO0.5%
• Camden Property TrustCPT0.4%
• Sabra Health Care ReitSBRA0.4%
• AmgenAMGN0.4%
• Postal Realty TrustPSTL0.4%
• CaredxCDNA0.4%
• InterdigitalIDCC0.4%
• Boeing(preferred)0.4%
• SprottSII0.4%
• Collegium PharmaceuticalCOLL0.4%
• Medallion FinancialMFIN0.4%
• Diamondback EnergyFANG0.4%
• DaktronicsDAKT0.4%
• LineageLINE0.3%
• Curbline PropertiesCURB0.3%
• Sabine RTY TrSBR0.3%
• OneokOKE0.3%
• Copa HoldingsCPA0.3%
• CitigroupC0.3%
• Brixmor Property GroupBRX0.3%
• Southern Copper Corp/SCCO0.3%
• TimkenTKR0.3%
• Natural Gas Services GroupNGS0.3%
• DHT HoldingsDHT0.3%
• Aurinia PharmaceuticalsAUPH0.3%
• Genius SportsGENI0.3%
• Vox RoyaltyVOXR0.3%
• Albemarle(preferred)0.3%
• Clearway EnergyCWEN0.3%
• At&t(preferred)0.3%
• EPR Properties(preferred)0.3%
• Marex Group0.3%
• Ares CapitalARCC0.2%
• ProPetro HoldingPUMP0.2%
• Pg&e(preferred)0.2%
• Kinetik HoldingsKNTK0.2%