Vision Capital Corp Hedge Fund

CIK: 0001764403 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $227,086 (100.0% shares, 0.0% debt)

Holdings (12)

New Positions (6)

— EQUINIX INC 15.2%

Value ($000) $34,554 Shares 45,100 Est. Cost — Unrealized —

CUBE CUBESMART 8.7%

Value ($000) $19,707 Shares 546,656 Est. Cost $36.05 Unrealized —

FR FIRST INDL RLTY TR INC 7.2%

Value ($000) $16,260 Shares 283,919 Est. Cost $57.27 Unrealized —

KW KENNEDY-WILSON HOLDINGS INC 5.6%

Value ($000) $12,661 Shares 1,309,261 Est. Cost $8.96 Unrealized 0.0%

— CBRE GROUP INC 5.0%

Value ($000) $11,255 Shares 70,000 Est. Cost — Unrealized —

ADC AGREE RLTY CORP 1.7%

Value ($000) $3,920 Shares 54,428 Est. Cost $72.03 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	EQUINIX INC	45,100	$34,554	15.2%	—	—	PUT	29444U950
CUBE	CUBESMART	546,656	$19,707	8.7%	$36.05	—	COM	229663109
FR	FIRST INDL RLTY TR INC	283,919	$16,260	7.2%	$57.27	—	COM	32054K103
KW	KENNEDY-WILSON HOLDINGS INC	1,309,261	$12,661	5.6%	$8.96	0.0%	COM	489398107
—	CBRE GROUP INC	70,000	$11,255	5.0%	—	—	CALL	12504L909
ADC	AGREE RLTY CORP	54,428	$3,920	1.7%	$72.03	—	COM	008492100

Increased Positions (2)

CBRE CBRE GROUP INC 5.0%

Value ($000) $11,456 (+81.1%) Shares 71,248 (+77.5%) Est. Cost $144.73 Unrealized +8.6%

NMRK NEWMARK GROUP INC 1.8%

Value ($000) $4,154 (+60.7%) Shares 239,566 (+72.8%) Est. Cost $16.74 Unrealized +4.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CBRE	CBRE GROUP INC	71,248 (+77.5%)	$11,456 (+81.1%)	5.0%	$144.73	+8.6%	CL A	12504L109
NMRK	NEWMARK GROUP INC	239,566 (+72.8%)	$4,154 (+60.7%)	1.8%	$16.74	+4.5%	CL A	65158N102

Exited Positions (5)

SPY SPDR S&P 500 ETF TR 58.7%

Value ($000) $133,236 Shares 200,000 Est. Cost — Unrealized —

COLD AMERICOLD REALTY TRUST INC 10.8%

Value ($000) $24,468 Shares 1,999,050 Est. Cost $20.90 Unrealized —

OHI OMEGA HEALTHCARE INVS INC 9.3%

Value ($000) $21,110 Shares 500,000 Est. Cost — Unrealized —

EGP EASTGROUP PPTYS INC 8.3%

Value ($000) $18,788 Shares 111,000 Est. Cost $181.54 Unrealized —

CBRE CBRE GROUP INC 7.1%

Value ($000) $16,071 Shares 102,000 Est. Cost $144.73 Unrealized +8.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	200,000	$133,236	58.7%	—	—	PUT	78462F103
COLD	AMERICOLD REALTY TRUST INC	1,999,050	$24,468	10.8%	$20.90	—	—	03064D108
OHI	OMEGA HEALTHCARE INVS INC	500,000	$21,110	9.3%	—	—	CALL	681936100
EGP	EASTGROUP PPTYS INC	111,000	$18,788	8.3%	$181.54	—	—	277276101
CBRE	CBRE GROUP INC	102,000	$16,071	7.1%	$144.73	+8.6%	CALL	12504L109

Decreased Positions (1)

IVT INVENTRUST PPTYS CORP 12.6%

Value ($000) $28,700 (-9.3%) Shares 1,017,381 (-8.0%) Est. Cost $28.21 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IVT	INVENTRUST PPTYS CORP	1,017,381 (-8.0%)	$28,700 (-9.3%)	12.6%	$28.21	—	COM NEW	46124J201

Unchanged Positions (3)

DLR DIGITAL RLTY TR INC 6.4%

Value ($000) $14,610 Shares 94,434 Est. Cost $149.37 Unrealized +9.2%

SUI SUN CMNTYS INC 15.5%

Value ($000) $35,108 Shares 283,334 Est. Cost $119.40 Unrealized —

EQIX EQUINIX INC 15.3%

Value ($000) $34,701 Shares 45,292 Est. Cost $864.71 Unrealized -9.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DLR	DIGITAL RLTY TR INC	94,434	$14,610	6.4%	$149.37	+9.2%	COM	253868103
SUI	SUN CMNTYS INC	283,334	$35,108	15.5%	$119.40	—	COM	866674104
EQIX	EQUINIX INC	45,292	$34,701	15.3%	$864.71	-9.7%	COM	29444U700