SEC 13F Intelligence

Managers / Q1 2025 · view latest →

B&I Capital AG

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

Reported Value
$308M
Q1 2025
Positions
30
Filings on Record
23
2019–present window
Filed
May 6, 2025
original filing

Summary

B&I Capital AG reported $308M in U.S.-listed holdings across 30 positions for Q1 2025.

Its largest position, PLD, represents 12.5% of the portfolio.

Compared with Q4 2024, the fund opened 3 new positions and exited 0.

Portfolio Metrics

Turnover
+10.9%
vs prior filed quarter
Top-10 Concentration
+61.2%
share of reported value
Largest Position
+12.5%
Prologis

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: 97.1%Other: 2.4%Common Stock: 0.5%
  • REIT · 97.1% · $299M
  • Other · 2.4% · $7M
  • Common Stock · 0.5% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IRON MTN INC DELNEW+76.7K76.7K+$7M$7M
AREALEXANDRIA REAL ESTATE EQ INNEW+36.5K36.5K+$3M$3M
EGPEASTGROUP PPTYS INCNEW+5.2K5.2K+$915,099$915,099
AMHAMERICAN HOMES 4 RENTADDED+78.5K209.9K+$3M$8M
VENVENTAS INCADDED+50.4K142.8K+$4M$10M
FCPTFOUR CORNERS PPTY TR INCADDED+69.7K218.0K+$2M$6M
GETTY RLTY CORP NEWADDED+57.5K192.7K+$2M$6M
SAFESAFEHOLD INCTRIMMED−173.1K244.4K−$3M$5M

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

Holdings — Q1 2025

30 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PLDPROLOGIS INC.history →COM12.52%$39M344.5K
2AMTAMERICAN TOWER CORP NEWhistory →COM10.73%$33M151.7K
3EQIXEQUINIX INChistory →COM8.53%$26M32.2K
4WELLWELLTOWER INChistory →COM7.85%$24M157.6K
5PSAPUBLIC STORAGEhistory →COM3.96%$12M40.7K
6CUBECUBESMARThistory →COM3.94%$12M284.0K
7KIMKIMCO RLTY CORPhistory →COM3.68%$11M533.1K
8UDRUDR INChistory →COM3.38%$10M230.3K
9SPGSIMON PPTY GROUP INC NEWhistory →COM3.38%$10M62.5K
10VENVENTAS INChistory →COM3.19%$10M142.8K
11MID-AMER APT CMNTYS INCCOM3.08%$9M56.5K
12IRTINDEPENDENCE RLTY TR INChistory →COM3.01%$9M436.6K
13PECOPHILLIPS EDISON & CO INChistory →COMMON STOCK2.85%$9M240.0K
14AMHAMERICAN HOMES 4 RENThistory →CL A2.58%$8M209.9K
15OMEGA HEALTHCARE INVS INCCOM2.54%$8M204.8K
16FQIDIGITAL RLTY TR INChistory →COM2.50%$8M53.7K
17VERIS RESIDENTIAL INCCOM2.43%$7M441.0K
18MACMACERICH COhistory →COM2.39%$7M428.7K
19ELSEQUITY LIFESTYLE PPTYS INChistory →COM2.34%$7M107.9K
20IRON MTN INC DELCOM2.14%$7M76.7K
21FCPTFOUR CORNERS PPTY TR INChistory →COM2.03%$6M218.0K
22GETTY RLTY CORP NEWCOM1.95%$6M192.7K
23BXPBOSTON PROPERTIES INChistory →COM1.67%$5M76.5K
24HIWHIGHWOODS PPTYS INChistory →COM1.62%$5M168.1K
25EPRTESSENTIAL PPTYS RLTY TR INChistory →COM1.58%$5M148.5K
26SAFESAFEHOLD INChistory →COM1.49%$5M244.4K
27AREALEXANDRIA REAL ESTATE EQ INhistory →COM1.10%$3M36.5K
28VICIVICI PPTYS INCCOM0.76%$2M71.9K
29SCISERVICE CORP INTLCOM0.46%$1M17.6K
30EGPEASTGROUP PPTYS INCCOM0.30%$915,0995.2K

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 ↗.