SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Gillson Capital LP

CIK 0001698055 · 222 WEST ADAMS STREET, SUITE 2180, CHICAGO, IL, 60606 · 312-667-4379

Reported Value
$1.5B
Q4 2025
Positions
76
Filings on Record
30
2019–present window
Filed
Feb 17, 2026
original filing

Summary

Gillson Capital LP reported $1.5B in U.S.-listed holdings across 76 positions for Q4 2025.

Its largest position, V, represents 6.5% of the portfolio.

Compared with Q3 2025, the fund opened 37 new positions and exited 26.

Portfolio Metrics

Turnover
+37.1%
vs prior filed quarter
Top-10 Concentration
+41.4%
share of reported value
Largest Position
+6.5%
Visa
New / Exited
37 / 26
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $734MQ4 ’18Q1 ’19: $775MQ2 ’19: $1.0BQ3 ’19: $1.1BQ4 ’19: $1.2BQ4 ’19Q1 ’20: $591MQ2 ’20: $557MQ3 ’20: $687MQ4 ’20: $909MQ4 ’20Q1 ’21: $1.2BQ2 ’21: $1.1BQ3 ’21: $1.4BQ4 ’21: $1.5BQ4 ’21Q1 ’22: $1.3BQ2 ’22: $1.0BQ3 ’22: $1.1BQ1 ’23: $1.2BQ1 ’23Q2 ’23: $1.1BQ3 ’23: $1.3BQ4 ’23: $949MQ1 ’24: $1.1BQ1 ’24Q2 ’24: $1.0BQ3 ’24: $1.1BQ4 ’24: $1.1BQ1 ’25: $1.2BQ1 ’25Q2 ’25: $1.3BQ3 ’25: $1.2BQ4 ’25: $1.5BQ1 ’26: $1.2BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 76.2%REIT: 21.8%Other: 1.1%ETP: 0.9%
  • Common Stock · 76.2% · $1.2B
  • REIT · 21.8% · $334M
  • Other · 1.1% · $17M
  • ETP · 0.9% · $14M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NDAQNASDAQ INCNEW+589.4K589.4K+$57M$57M
EQIXEQUINIX INCNEW+43.1K43.1K+$33M$33M
ICEINTERCONTINENTAL EXCHANGE INNEW+191.4K191.4K+$31M$31M
FRFIRST INDL RLTY TR INCNEW+505.7K505.7K+$29M$29M
EPRTESSENTIAL PPTYS RLTY TR INCNEW+906.7K906.7K+$27M$27M
WHWYNDHAM HOTELS & RESORTS INCNEW+347.2K347.2K+$26M$26M
AXSAXIS CAPITAL HOLDINGS LTDNEW+240.8K240.8K+$26M$26M
TRVTRAVELERS COMPANIES INCNEW+87.2K87.2K+$25M$25M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

76 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VVISA INChistory →COM CL A6.48%$99M282.4K
2AIZASSURANT INChistory →COM6.15%$94M390.2K
3AONAON PLChistory →SHS CL A4.36%$67M189.0K
4MCOMOODYS CORPhistory →COM4.26%$65M127.5K
5CBCHUBB LIMITEDhistory →COM4.09%$62M200.2K
6NDAQNASDAQ INChistory →COM3.75%$57M589.4K
7JKHYHENRY JACK & ASSOC INChistory →COM3.63%$55M303.9K
8PCTYPAYLOCITY HLDG CORPhistory →COM3.21%$49M322.0K
9TPGTPG INChistory →COM CL A3.12%$48M747.4K
10CBOECBOE HOLDINGS INChistory →COM2.35%$36M143.1K
11COFCAPITAL ONE FINL CORPhistory →COM2.30%$35M145.0K
12TRNOTERRENO RLTY CORPhistory →COM2.22%$34M577.7K
13EQIXEQUINIX INChistory →COM2.16%$33M43.1K
14ICEINTERCONTINENTAL EXCHANGE INhistory →COM2.03%$31M191.4K
15VTRVENTAS INChistory →COM2.00%$31M395.7K
16HSTHOST HOTELS & RESORTS INChistory →COM2.00%$31M1.72M
17FRFIRST INDL RLTY TR INChistory →COM1.89%$29M505.7K
18UNMUNUM GROUPhistory →COM1.84%$28M362.6K
19EPRTESSENTIAL PPTYS RLTY TR INChistory →COM1.76%$27M906.7K
20WHWYNDHAM HOTELS & RESORTS INChistory →COM1.72%$26M347.2K
21AXSAXIS CAPITAL HOLDINGS LTDhistory →SHS1.69%$26M240.8K
22TRVTRAVELERS COMPANIES INChistory →COM1.65%$25M87.2K
23PSAPUBLIC STORAGEhistory →COM1.53%$23M90.1K
24MAAMID AMER APT CMNTYS INChistory →COM1.39%$21M153.1K
25SBRASABRA HEALTH CARE REIT INChistory →COM1.34%$21M1.08M
26BXBLACKSTONE GROUP LP/THEhistory →COM1.34%$20M132.6K
27AFRMAFFIRM HLDGS INChistory →COM CL A1.29%$20M265.1K
28SPGIS&P GLOBAL INChistory →COM1.20%$18M35.1K
29GLPIGAMING & LEISURE PPTYS INChistory →COM1.16%$18M397.3K
30VINE HILL CAP INVT CORPORD SHS CL A1.12%$17M1.59M
31CTRECARETRUST REIT INChistory →COM1.09%$17M461.8K
32DOCPHYSICIANS RLTY TRhistory →COM1.08%$17M1.03M
33INTUINTUIThistory →COM0.97%$15M22.4K
34MKTXMARKETAXESS HOLDINGS INChistory →COM0.96%$15M80.6K
35ARESARES MGMT LPhistory →COM SHS REG INT0.93%$14M88.3K
36XLFSELECT SECTOR SPDR TRhistory →SBI INT-FINL0.90%$14M250.0K
37LNCLINCOLN NATL CORP INDhistory →COM0.89%$14M306.1K
38CBRECBRE GROUP INChistory →CL A0.89%$14M84.4K
39GLGLOBE LIFE INChistory →COM0.85%$13M92.7K
40THGHANOVER INS GROUP INChistory →COM0.85%$13M70.9K
41MRSHMARSH & MCLENNAN COS INChistory →COM0.84%$13M69.6K
42ENSGENSIGN GROUP INChistory →COM0.81%$12M71.0K
43RYANRYAN SPECIALTY GROUP HLDGS Ihistory →CL A0.79%$12M233.3K
44IRENIREN LIMITEDhistory →ORDINARY SHARES0.76%$12M309.1K
45IRTINDEPENDENCE RLTY TR INChistory →COM0.75%$11M654.3K
46HUTHUT 8 MNG CORPhistory →COM0.74%$11M246.4K
47BOWBOWHEAD SPECIALTY HLDGS INChistory →COM SHS0.74%$11M396.5K
48SYFSYNCHRONY FINANCIALhistory →COM0.71%$11M130.5K
49TRUTRANSUNIONhistory →COM0.70%$11M124.2K
50ORIOLD REPUBLIC INTL CORPhistory →COM0.70%$11M232.9K
51SKWDSKYWARD SPECIALTY INS GROUPCOM0.61%$9M183.7K
52COLDAMERICOLD RLTY TRCOM0.59%$9M702.2K
53QNSTQUINSTREET INCCOM0.58%$9M614.0K
54WULFTERAWULF INCCOM0.54%$8M720.0K
55VRSKVERISK ANALYTICS INCCOM0.48%$7M32.5K
56SIGISELECTIVE INSURANCE GROUPCOM0.42%$6M77.5K
57NPNEPTUNE INS HLDGS INCCL A0.41%$6M216.7K
58CIFRCIPHER MINING INCCOM0.40%$6M416.6K
59EFXEQUIFAX INCCOM0.37%$6M25.8K
60AFGAMERICAN FINL GROUP INC OHIOCOM0.35%$5M39.0K
61ELSEQUITY LIFESTYLE PPTYS INCCOM0.32%$5M81.9K
62TWFGTWFG INCCOM CL A0.32%$5M169.1K
63LINELINEAGE INCCOM0.29%$4M125.0K
64SCHWTHE CHARLES SCHWAB CORPORATICOM0.28%$4M43.1K
65KKRKKR & CO INCCOM0.27%$4M31.8K
66DRHDIAMONDROCK HOSPITALITY COCOM0.25%$4M421.1K
67AIIAMERICAN INTEGRITY INS GROUPCOM0.22%$3M161.8K
68CPAYCORPAY INCCOM SHS0.20%$3M10.0K
69CLSKCLEANSPARK INCCOM NEW0.18%$3M275.6K
70HGTYHAGERTY INCCL A COM0.18%$3M202.0K
71CBCCENTRAL BANCOMPANYCOM CL A0.17%$3M110.0K
72APLDAPPLIED DIGITAL CORPCOM NEW0.16%$2M100.8K
73SHOPSHOPIFY INCCL A0.14%$2M13.5K
74XYZBLOCK INCCL A0.14%$2M33.2K
75CHYMCHIME FINL INCCOM SHS CL A0.14%$2M83.2K
76AIGAMERICAN INTL GROUP INCCALL0.01%$85,000226.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.2B69May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.5B76Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.2B65Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.3B71Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.2B64May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.1B63Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.1B63Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.0B57Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.1B50May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$949M57Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.3B88Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.1B80Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.2B88May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review89Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.1B146Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.0B230Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.3B228May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.5B247Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.4B225Nov 16, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.1B215Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.2B207May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$909M95Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$687M79Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$557M63Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$591M59May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.2B72Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.1B73Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.0B80Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$775M56May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$734M55Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.