BC
B&I Capital AG — 13F Portfolio Report & Top Holdings (Q2 2026)
B&I Capital AGCIK: 0001843527
High-turnover traderSector-focusedContrarian
Total reported value
$45.3M
Reporting period: 2026-06-30 · Number of holdings: 28
B&I Capital AG disclosed 28 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $45.3M and a quarterly turnover rate of 148.9%.
Browse other institutions with under $100M AUMBrowse other institutions starting with "B"
Personality snowflake
- Concentration
- 26.51
- Portfolio Stability
- 100
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 56
- Sizing Uniformity
- 90.58
B&I Capital AG's disclosed holdings carry a Herfindahl concentration index of 0.066 — mathematically equivalent to about 15 equally-sized positions, well below its 28 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.94), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out AMT
Add AHR
-75.7% -$8.6M
Trim PLD
-86.5% -$37.9M
Add CBRE
+43.8% $201.0K
Add VICI
-42.3% -$553.2K
Trim CTRE
-89.7% -$9.9M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | PLD | Prologis Inc | Stock-Real Estate | 13.45% | -1.51% | -86.47% | |
| 2 | WELL | Welltower Inc | Stock-Real Estate | 12.68% | +0.82% | -85.64% | |
| 3 | EQIX | Equinix Inc | Stock-Real Estate | 8.52% | +0.90% | -83.80% | |
| 4 | PSA | Public Storage | Stock-Real Estate | 7.13% | +0.28% | -86.36% | |
| 5 | AHR | American Healthcare Reit Inc | Stock-Real Estate | 6.97% | +2.96% | -75.73% | |
| 6 | SPG | Simon Property Group Inc | Stock-Real Estate | 4.66% | +0.26% | -86.39% | |
| 7 | AVB | Avalonbay Communities Inc | Stock-Real Estate | 4.50% | +0.69% | -84.21% | |
| 8 | DLR | Digital Realty Trust Inc | Stock-Real Estate | 3.88% | -0.21% | -85.31% | |
| 9 | IRM | Iron Mountain Inc | Stock-Real Estate | 3.77% | -0.28% | -88.38% | |
| 10 | MAA | Mid-america Apartment Comm | Stock-Real Estate | 3.32% | +0.82% | -82.03% | |
| 11 | PECO | Phillips Edison & Company In | Stock-Real Estate | 3.22% | -0.32% | -87.38% | |
| 12 | IVT | Inventrust Properties CORP | Stock-Other | 3.11% | -0.10% | -87.17% | |
| 13 | CTRE | Caretrust Reit Inc | Stock-Real Estate | 2.79% | -1.02% | -89.74% | |
| 14 | EPRT | Essential Properties Realty | Stock-Real Estate | 2.48% | -0.42% | -86.63% | |
| 15 | ELS | Equity Lifestyle Properties | Stock-Real Estate | 2.44% | -0.20% | -86.23% | |
| 16 | FCPT | Four Corners Property Trust | Stock-Real Estate | 2.39% | -0.52% | -87.78% | |
| 17 | AMH | American Homes 4 Rent- A | Stock-Real Estate | 2.22% | +0.46% | -83.84% | |
| 18 | IRT | Independence Realty Trust In | Stock-Real Estate | 1.83% | +0.34% | -83.13% | |
| 19 | SLG | Sl Green Realty CORP | Stock-Real Estate | 1.64% | +0.33% | -86.22% | |
| 20 | VICI | Vici Properties Inc | Stock-Real Estate | 1.56% | +1.13% | -42.34% | |
| 21 | CBRE | Cbre Group Inc - A | Stock-Real Estate | 1.47% | +1.31% | +43.83% | |
| 22 | CUZ | Cousins Properties Inc | Stock-Real Estate | 1.41% | +0.16% | -86.88% | |
| 23 | LXP | Lxp Industrial Trust | Stock-Other | 0.96% | +0.96% | NEW | |
| 24 | KRC | Kilroy Realty CORP | Stock-Real Estate | 0.77% | +0.77% | NEW | |
| 25 | EXR | Extra Space Storage Inc | Stock-Real Estate | 0.76% | +0.76% | NEW | |
| 26 | ✓ | Stock-Other | 0.76% | +0.76% | NEW | ||
| 27 | MAC | Macerich Co/the | Stock-Other | 0.67% | -0.77% | -94.63% | |
| 28 | COLD | Americold Realty Trust Inc | Stock-Real Estate | 0.64% | +0.64% | NEW |
Portfolio Performance
Performance for Q3 2026
+2.9%
Performance Last 4 Quarters
+4.8%
- Stdev
- +16.5%
- Beta
- +0.77
- Alpha
- -9.7%
- Max Drawdown
- -13.5%
- Annualized Perf
- +4.5%
- Batting Avg vs S&P
- +33.3%
- Sortino
- +0.55
- Stutzer
- +0.1
- Treynor
- +0.07
- Sterling
- +0.23
- Calmar
- +0.33
- Information Ratio
- -1.06
- Tracking Error
- +13.5%
- Stdev Down
- +10.4%
- Winning Months %
- +50%
- Losing Months %
- +50%
- Best 12 Months
- +22.6%
- Worst 12 Months
- -10.6%
- Efficiency Ratio
- +0.1
- Sharpe
- +0.34
- Stdev Sectors
- 0%
- Skewness
- +0.07
- Kurtosis
- -0.42
- Upside Potential
- +2.47
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 28 | $45.3M | 100 | ||
| 2026 Q1 | 24 | $294.1M | 29 | ||
| 2025 Q4 | 25 | $281.2M | 38 | ||
| 2025 Q3 | 29 | $288.9M | 29 | ||
| 2025 Q2 | 31 | $294.0M | 0 | ||
| 2025 Q1 | 30 | $307.5M | 100 | ||
| 2024 Q4 | 27 | $306.9M | 0 | ||
| 2024 Q3 | 27 | $345.0M | 0 | ||
| 2024 Q2 | 27 | $312.6M | 0 | ||
| 2024 Q1 | 25 | $315.6M | 0 | ||
| 2023 Q4 | 27 | $317.6M | 0 | ||
| 2023 Q3 | 27 | $276.4M | 0 | ||
| 2023 Q2 | 27 | $300.4M | 0 | ||
| 2023 Q1 | 25 | $301.9M | 0 | ||
| 2022 Q4 | 26 | $285.0M | 0 | ||
| 2022 Q3 | 26 | $253.2M | 0 | ||
| 2022 Q2 | 29 | $309.3M | 0 | ||
| 2022 Q1 | 33 | $382.1M | 0 | ||
| 2021 Q4 | 34 | $420.0M | 0 | ||
| 2021 Q3 | 38 | $375.1M | 0 | ||
| 2021 Q2 | 33 | $376.4M | 100 | ||
| 2021 Q1 | 29 | $344.5M | 13 | ||
| 2020 Q4 | 28 | $336.8M | — |
Holding changes this quarter
B&I Capital AG's most significant position changes for 2026-06-30: Sold out: American Tower CORP (AMT); New buy: Lxp Industrial Trust (LXP); New buy: Kilroy Realty CORP (KRC); New buy: Extra Space Storage Inc (EXR); New buy: .
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AHR | American Healthcare Reit Inc | +3% | -75.73% | Trim |
| 2 | CBRE | Cbre Group Inc - A | +1.3% | +43.83% | Add |
| 3 | VICI | Vici Properties Inc | +1.1% | -42.34% | Trim |
| 4 | LXP | Lxp Industrial Trust | +1% | NEW | New buy |
| 5 | EQIX | Equinix Inc | +0.9% | -83.80% | Trim |
| 6 | WELL | Welltower Inc | +0.8% | -85.64% | Trim |
| 7 | MAA | Mid-america Apartment Comm | +0.8% | -82.03% | Trim |
| 8 | KRC | Kilroy Realty CORP | +0.8% | NEW | New buy |
| 9 | EXR | Extra Space Storage Inc | +0.8% | NEW | New buy |
| 10 | ✓ | +0.8% | NEW | New buy | |
| 11 | AVB | Avalonbay Communities Inc | +0.7% | -84.21% | Trim |
| 12 | COLD | Americold Realty Trust Inc | +0.6% | NEW | New buy |
| 13 | AMH | American Homes 4 Rent- A | +0.5% | -83.84% | Trim |
| 14 | IRT | Independence Realty Trust In | +0.3% | -83.13% | Trim |
| 15 | SLG | Sl Green Realty CORP | +0.3% | -86.22% | Trim |
| 16 | PSA | Public Storage | +0.3% | -86.36% | Trim |
| 17 | SPG | Simon Property Group Inc | +0.3% | -86.39% | Trim |
| 18 | CUZ | Cousins Properties Inc | +0.2% | -86.88% | Trim |
| 19 | IVT | Inventrust Properties CORP | -0.1% | -87.17% | Trim |
| 20 | ELS | Equity Lifestyle Properties | -0.2% | -86.23% | Trim |
| 21 | DLR | Digital Realty Trust Inc | -0.2% | -85.31% | Trim |
| 22 | IRM | Iron Mountain Inc | -0.3% | -88.38% | Trim |
| 23 | PECO | Phillips Edison & Company In | -0.3% | -87.38% | Trim |
| 24 | EPRT | Essential Properties Realty | -0.4% | -86.63% | Trim |
| 25 | FCPT | Four Corners Property Trust | -0.5% | -87.78% | Trim |
| 26 | MAC | Macerich Co/the | -0.8% | -94.63% | Trim |
| 27 | CTRE | Caretrust Reit Inc | -1% | -89.74% | Trim |
| 28 | PLD | Prologis Inc | -1.5% | -86.47% | Trim |
| 29 | AMT | American Tower CORP | -9% | EXIT | Sold out |
Filing History
FAQ
What is B&I Capital AG and what type of investor is it?
B&I Capital AG is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $45.3M, spread across 28 disclosed positions.
What are B&I Capital AG's largest equity positions?
Based on the latest 13F filing, B&I Capital AG's top holdings by market value are:
1. Prologis Inc (PLD) — $6.1M (13.4%)
2. Welltower Inc (WELL) — $5.7M (12.7%)
3. Equinix Inc (EQIX) — $3.9M (8.5%)
4. Public Storage (PSA) — $3.2M (7.1%)
5. American Healthcare Reit Inc (AHR) — $3.2M (7.0%)
What changes did B&I Capital AG make in its most recent portfolio filing?
In the latest reported quarter, B&I Capital AG made 29 notable position adjustments: 5 new positions were initiated, 1 existing holdings were added to, 22 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: American Tower CORP (AMT); New buy: Lxp Industrial Trust (LXP); New buy: Kilroy Realty CORP (KRC); New buy: Extra Space Storage Inc (EXR); New buy:
What sectors does B&I Capital AG focus on?
B&I Capital AG is concentrated in the following sectors based on its current disclosed equity portfolio:
• Real Estate: 100.0%
Investment Profile
B&I Capital AG returned an annualized 4.5% over the trailing 36 months — underperforming the S&P 500 by 9.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.77 (less volatile than the market) and a 33% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 100.0% of the portfolio concentrated in Real Estate.
Its turnover score has risen from 0 to 100 over the past 4 quarters — a shift toward more active trading.
It has trimmed its IRT position for two straight quarters, cutting it by $8.1M while still holding $829.2K.
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