SEC 13F Intelligence

Managers / Q1 2026

B&I Capital AG

CIK 0001843527 · TALACKER 35, ZURICH, V8, 8001 · 41-44-215-2888

Reported Value
$294M
Q1 2026
Positions
24
Filings on Record
23
2019–present window
Filed
May 6, 2026
original filing

Summary

B&I Capital AG reported $294M in U.S.-listed holdings across 24 positions for Q1 2026.

Its largest position, PLD, represents 15.0% of the portfolio.

Compared with Q4 2025, the fund opened 3 new positions and exited 4.

Portfolio Metrics

Turnover
+12.4%
vs prior filed quarter
Top-10 Concentration
+70.6%
share of reported value
Largest Position
+15.0%
Prologis
New / Exited
3 / 4
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. 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 ’20: $337MQ4 ’20Q1 ’21: $344MQ2 ’21: $376MQ3 ’21: $375MQ3 ’21Q4 ’21: $420MQ1 ’22: $382MQ2 ’22: $309MQ2 ’22Q3 ’22: $253MQ4 ’22: $285MQ1 ’23: $302MQ1 ’23Q2 ’23: $300MQ3 ’23: $276MQ4 ’23: $318MQ4 ’23Q1 ’24: $316MQ2 ’24: $313MQ3 ’24: $345MQ3 ’24Q4 ’24: $307MQ1 ’25: $308MQ2 ’25: $294MQ2 ’25Q3 ’25: $289MQ4 ’25: $281MQ1 ’26: $294MQ1 ’26filingsflow.com

Portfolio Composition

By security type
REIT: 99.8%Common Stock: 0.2%
  • REIT · 99.8% · $294M
  • Common Stock · 0.2% · $467,337

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AVALONBAY CMNTYS INCNEW+68.5K68.5K+$11M$11M
SLGSL GREEN RLTY CORPNEW+104.5K104.5K+$4M$4M
CBRECBRE GROUP INCNEW+3.5K3.5K+$467,337$467,337
CUBECUBESMARTSOLD OUT−243.8K0−$9M$0
UDRUDR INCSOLD OUT−171.9K0−$6M$0
HIWHIGHWOODS PPTYS INCSOLD OUT−190.8K0−$5M$0
VERIS RESIDENTIAL INCSOLD OUT−184.6K0−$3M$0
PSAPUBLIC STORAGE OPER COADDED+35.4K74.4K+$10M$20M

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

Holdings — Q1 2026

24 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PLDPROLOGIS INC.history →COM14.96%$44M332.7K
2WELLWELLTOWER INChistory →COM11.86%$35M176.4K
3AMTAMERICAN TOWER CORP NEWhistory →COM9.01%$26M153.5K
4EQIXEQUINIX INChistory →COM7.62%$22M22.9K
5PSAPUBLIC STORAGE OPER COhistory →COM6.85%$20M74.4K
6SPGSIMON PPTY GROUP INC NEWhistory →COM4.40%$13M69.4K
7FQIDIGITAL RLTY TR INChistory →COM4.09%$12M66.7K
8IRON MTN INC DELCOM4.05%$12M116.5K
9AHRAMERICAN HEALTHCARE REIT INChistory →COM SHS4.01%$12M249.8K
10CTRECARETRUST REIT INChistory →COM3.81%$11M305.9K
11AVALONBAY CMNTYS INCCOM3.81%$11M68.5K
12PECOPHILLIPS EDISON & CO INChistory →COMMON STOCK3.54%$10M277.9K
13IVTINVENTRUST PPTYS CORPhistory →COM3.21%$9M310.3K
14FCPTFOUR CORNERS PPTY TR INChistory →COM2.91%$9M361.2K
15EPRTESSENTIAL PPTYS RLTY TR INChistory →COM2.90%$9M281.3K
16ELSEQUITY LIFESTYLE PPTYS INChistory →COM2.64%$8M124.5K
17MID-AMER APT CMNTYS INCCOM2.50%$7M60.2K
18AMHAMERICAN HOMES 4 RENThistory →CL A1.76%$5M185.9K
19IRTINDEPENDENCE RLTY TR INChistory →COM1.49%$4M294.5K
20MACMACERICH COhistory →COM1.44%$4M224.2K
21SLGSL GREEN RLTY CORPhistory →COM1.31%$4M104.5K
22CUZCOUSINS PPTYS INChistory →COM1.25%$4M162.8K
23VICIVICI PPTYS INCCOM0.43%$1M46.1K
24CBRECBRE GROUP INCCL A0.16%$467,3373.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$294M24May 6, 202613F-HRchanges · EDGAR ↗
Q4 2025$281M25Jan 26, 202613F-HRchanges · EDGAR ↗
Q3 2025$289M29Nov 4, 202513F-HRchanges · EDGAR ↗
Q2 2025$294M31Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$308M30May 6, 202513F-HRchanges · EDGAR ↗
Q4 2024$307M27Feb 6, 202513F-HRchanges · EDGAR ↗
Q3 2024$345M27Oct 29, 202413F-HRchanges · EDGAR ↗
Q2 2024$313M27Aug 7, 202413F-HRchanges · EDGAR ↗
Q1 2024$316M25Apr 23, 202413F-HRchanges · EDGAR ↗
Q4 2023$318M27Jan 29, 202413F-HRchanges · EDGAR ↗
Q3 2023$276M27Nov 7, 202313F-HRchanges · EDGAR ↗
Q2 2023$300M27Aug 9, 202313F-HRchanges · EDGAR ↗
Q1 2023$302M25Apr 27, 202313F-HRchanges · EDGAR ↗
Q4 2022$285M26Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$253M26Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$309M29Aug 1, 202213F-HRchanges · EDGAR ↗
Q1 2022$382M33May 5, 202213F-HRchanges · EDGAR ↗
Q4 2021$420M34Feb 3, 202213F-HRchanges · EDGAR ↗
Q3 2021$375M38Nov 2, 202113F-HRchanges · EDGAR ↗
Q2 2021$376M33Jul 27, 202113F-HRchanges · EDGAR ↗
Q1 2021$344M29May 18, 2021RESTATEMENTchanges · EDGAR ↗
Q4 2020$337M28Feb 10, 202113F-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 ↗.