13F HOLDINGS REPORT
Uniplan Investment Counsel, Inc.
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001520710-25-000008
Total Value
$1.02B
Positions
226
Other Managers
0
Confidential Omitted
No
Holdings (226)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Welltower Inc. | WELL | 324,776 | $57.9M | 5.67% |
| 2 | American Tower Corporation | 03027X100 | 251,400 | $48.3M | 4.74% |
| 3 | Equinix, Inc. | EQIX | 56,790 | $44.5M | 4.36% |
| 4 | Simon Property Group, Inc. | 828806109 | 197,176 | $37.0M | 3.62% |
| 5 | EastGroup Properties, Inc. | 277276101 | 186,297 | $31.5M | 3.09% |
| 6 | Terreno Realty Corporation | 88146M101 | 462,603 | $26.3M | 2.57% |
| 7 | Ventas, Inc. | VTR | 363,690 | $25.5M | 2.49% |
| 8 | Crown Castle Inc. | CCI | 253,947 | $24.5M | 2.40% |
| 9 | Kite Realty Group Trust | 49803T300 | 1,008,052 | $22.5M | 2.20% |
| 10 | Public Storage | PSA-PS | 71,458 | $20.6M | 2.02% |
| 11 | Gaming and Leisure Properties, Inc. | 36467J108 | 405,858 | $18.9M | 1.85% |
| 12 | VICI Properties Inc | 925652109 | 556,997 | $18.2M | 1.78% |
| 13 | Extra Space Storage Inc. | EXR | 126,338 | $17.8M | 1.74% |
| 14 | Equity LifeStyle Properties, Inc. | 29472R108 | 253,904 | $15.4M | 1.51% |
| 15 | Essex Property Trust, Inc. | 297178105 | 54,885 | $14.7M | 1.44% |
| 16 | BXP Inc | BXP | 185,675 | $13.8M | 1.35% |
| 17 | Realty Income Corporation | O | 221,391 | $13.5M | 1.32% |
| 18 | Prologis, Inc. | PLDGP | 111,666 | $12.8M | 1.25% |
| 19 | AvalonBay Communities, Inc. | AWX | 64,449 | $12.4M | 1.22% |
| 20 | Regency Centers Corporation | 758849103 | 167,799 | $12.2M | 1.20% |
| 21 | Digital Realty Trust, Inc. | 253868103 | 66,990 | $11.6M | 1.13% |
| 22 | WisdomTree Floating Rate Treasury Fund | WT | 229,174 | $11.5M | 1.13% |
| 23 | Mid-America Apartment Communities, Inc. | 59522J103 | 77,218 | $10.8M | 1.06% |
| 24 | Camden Property Trust | 133131102 | 96,322 | $10.3M | 1.01% |
| 25 | Agree Realty Corporation | 008492100 | 128,874 | $9.2M | 0.90% |
| 26 | SBA Communications Corp. Class A | SBAC | 45,303 | $8.8M | 0.86% |
| 27 | Invitation Homes, Inc. | INVH | 277,536 | $8.1M | 0.80% |
| 28 | Weyerhaeuser Company | WY | 327,333 | $8.1M | 0.79% |
| 29 | Kinder Morgan Inc Class P | EP-PC | 270,297 | $7.7M | 0.75% |
| 30 | Sprott Inc. | SII | 89,255 | $7.4M | 0.73% |
| 31 | Ligand Pharmaceuticals Incorporated | LGNZZ | 41,880 | $7.4M | 0.73% |
| 32 | Solaris Energy Infrastructure, Inc. Class A | SEI | 183,793 | $7.3M | 0.72% |
| 33 | Lincoln Educational Services Corporation | 533535100 | 309,432 | $7.3M | 0.71% |
| 34 | Sun Communities, Inc. | 866674104 | 56,173 | $7.2M | 0.71% |
| 35 | TeraWulf Inc. | WULF | 596,986 | $6.8M | 0.67% |
| 36 | InterDigital, Inc. | IDCC | 18,852 | $6.5M | 0.64% |
| 37 | Simon Property Group, Inc. | 828806109 | 34,305 | $6.4M | 0.63% |
| 38 | Universal Technical Institute, Inc. | UTI | 196,915 | $6.4M | 0.63% |
| 39 | Strata Critical Medical, Inc. Class A | SRTAW | 1,265,849 | $6.4M | 0.63% |
| 40 | NPK International Inc. | NPKI | 562,645 | $6.4M | 0.62% |
| 41 | Build-A-Bear Workshop, Inc. | BBW | 94,725 | $6.2M | 0.61% |
| 42 | EPR Properties | 26884U109 | 105,324 | $6.1M | 0.60% |
| 43 | Banco Latinoamericano de Comercio Exterior, S.A. Class E | P16994132 | 128,263 | $5.9M | 0.58% |
| 44 | Omega Healthcare Investors, Inc. | 681936100 | 137,759 | $5.8M | 0.57% |
| 45 | American Homes 4 Rent Class A | AMH-PG | 171,083 | $5.7M | 0.56% |
| 46 | BK Technologies Corp. | BKTI | 67,328 | $5.7M | 0.56% |
| 47 | IRadimed Corp. | IRMD | 76,971 | $5.5M | 0.54% |
| 48 | CareTrust REIT, Inc. | CTRE | 157,585 | $5.5M | 0.54% |
| 49 | Gorman-Rupp Company | GRC | 114,900 | $5.3M | 0.52% |
| 50 | Mama's Creations, Inc. | 56146T103 | 506,543 | $5.3M | 0.52% |
| 51 | Williams Companies, Inc. | 969457100 | 83,378 | $5.3M | 0.52% |
| 52 | AZZ Inc. | AZZ | 47,798 | $5.2M | 0.51% |
| 53 | NAPCO Security Technologies, Inc. | 630402105 | 120,377 | $5.2M | 0.51% |
| 54 | Hawkins, Inc. | HWKN | 28,283 | $5.2M | 0.51% |
| 55 | Farmland Partners Inc | FPI | 467,096 | $5.1M | 0.50% |
| 56 | Innodata Inc. | INOD | 65,775 | $5.1M | 0.50% |
| 57 | Sabra Health Care REIT, Inc. | SBRA | 271,269 | $5.1M | 0.50% |
| 58 | Diamondback Energy, Inc. | FANG | 34,993 | $5.0M | 0.49% |
| 59 | Red Violet, Inc. | RDVT | 95,173 | $5.0M | 0.49% |
| 60 | BioLife Solutions, Inc. | BLFS | 194,763 | $5.0M | 0.49% |
| 61 | Boeing Company Pfd Registered shs Series A | BA-PA | 69,829 | $4.9M | 0.48% |
| 62 | VICI Properties Inc | 925652109 | 139,422 | $4.5M | 0.45% |
| 63 | Alpha and Omega Semiconductor Limited | AOSL | 160,515 | $4.5M | 0.44% |
| 64 | Equinix, Inc. | EQIX | 5,494 | $4.3M | 0.42% |
| 65 | Gaming and Leisure Properties, Inc. | 36467J108 | 90,901 | $4.2M | 0.42% |
| 66 | EZCORP, Inc. Class A | EZPW | 220,393 | $4.2M | 0.41% |
| 67 | Equitable Holdings, Inc. | EQH-PC | 79,001 | $4.0M | 0.39% |
| 68 | Omega Healthcare Investors, Inc. | 681936100 | 93,768 | $4.0M | 0.39% |
| 69 | Park Aerospace Corp. | PKE | 194,336 | $4.0M | 0.39% |
| 70 | Collegium Pharmaceutical, Inc. | COLL | 112,028 | $3.9M | 0.38% |
| 71 | Kite Realty Group Trust | 49803T300 | 175,319 | $3.9M | 0.38% |
| 72 | AbbVie, Inc. | ABBV | 16,870 | $3.9M | 0.38% |
| 73 | Astec Industries, Inc. | 046224101 | 80,896 | $3.9M | 0.38% |
| 74 | Howard Hughes Holdings Inc. | HHH | 46,540 | $3.8M | 0.37% |
| 75 | CMB.TECH NV | CMBT | 391,064 | $3.7M | 0.36% |
| 76 | SIGA Technologies Inc | SIGA | 396,519 | $3.6M | 0.36% |
| 77 | WisdomTree Floating Rate Treasury Fund | WT | 69,932 | $3.5M | 0.34% |
| 78 | Innoviva, Inc. | INVA | 191,470 | $3.5M | 0.34% |
| 79 | Brixmor Property Group, Inc. | 11120U105 | 125,704 | $3.5M | 0.34% |
| 80 | Valero Energy Corporation | VLO | 20,100 | $3.4M | 0.34% |
| 81 | AT&T Inc Depositary Shs Repr Red Perp Pfd Shs Series C | TKR | 170,916 | $3.4M | 0.33% |
| 82 | Farmland Partners Inc | FPI | 310,284 | $3.4M | 0.33% |
| 83 | OUTFRONT Media Inc. | OUT | 181,914 | $3.3M | 0.33% |
| 84 | Cass Information Systems, Inc. | CASS | 83,771 | $3.3M | 0.32% |
| 85 | ONEOK, Inc. | OKE | 43,837 | $3.2M | 0.31% |
| 86 | Alexandria Real Estate Equities, Inc. | 015271109 | 38,303 | $3.2M | 0.31% |
| 87 | W. P. Carey Inc. | 92936U109 | 46,581 | $3.1M | 0.31% |
| 88 | Rayonier Inc. | RYN | 117,392 | $3.1M | 0.31% |
| 89 | InterDigital, Inc. | IDCC | 8,990 | $3.1M | 0.30% |
| 90 | Host Hotels & Resorts, Inc. | HST | 182,305 | $3.1M | 0.30% |
| 91 | Curbline Properties Corp. | 23128Q101 | 139,140 | $3.1M | 0.30% |
| 92 | Ares Capital Corporation | ARCC | 151,295 | $3.1M | 0.30% |
| 93 | Daktronics, Inc. | DAKT | 142,497 | $3.0M | 0.29% |
| 94 | EPR Properties Cum Conv Pfd Shs Series C | 26884U208 | 116,447 | $3.0M | 0.29% |
| 95 | NWPX Infrastructure Inc. | NWPX | 55,906 | $3.0M | 0.29% |
| 96 | PotlatchDeltic Corporation | 737630103 | 71,442 | $2.9M | 0.29% |
| 97 | CompoSecure, Inc. Class A | 20459V105 | 139,073 | $2.9M | 0.28% |
| 98 | Axogen, Inc. | AXGN | 158,738 | $2.8M | 0.28% |
| 99 | Compass Diversified Holdings Cum Red Perp Pfd Registered Shs Series C | COMP | 153,574 | $2.8M | 0.28% |
| 100 | Spok Holdings, Inc. | SPOK | 161,242 | $2.8M | 0.27% |
| 101 | Bank of America Corp Non Cum Perp Conv Pfd Registered Shs Series L | 060505682 | 2,028 | $2.6M | 0.25% |
| 102 | Medallion Financial Corp. | 583928106 | 252,802 | $2.6M | 0.25% |
| 103 | Royalty Pharma Plc Class A | RPRX | 71,816 | $2.5M | 0.25% |
| 104 | GCM Grosvenor, Inc. Class A | GCMG | 208,088 | $2.5M | 0.25% |
| 105 | OUTFRONT Media Inc. | OUT | 136,285 | $2.5M | 0.24% |
| 106 | Kinetik Holdings Inc. Class A | KNTK | 58,334 | $2.5M | 0.24% |
| 107 | PG&E Corporation Pfd Shs A Non Voting | PCG-PX | 62,999 | $2.5M | 0.24% |
| 108 | Ellington Financial Inc. | EFC-PD | 189,506 | $2.5M | 0.24% |
| 109 | Grupo Aeroportuario del Centro Norte SAB de CV Sponsored ADR Class B | 400501102 | 23,359 | $2.4M | 0.24% |
| 110 | Public Storage Depositary Shs Repr Cum Red Pfd Registered Shs Series H | PSA-PS | 95,705 | $2.3M | 0.23% |
| 111 | Clearway Energy, Inc. Class C | CWEN-A | 82,401 | $2.3M | 0.23% |
| 112 | Barrick Mining Corporation | 06849F108 | 70,928 | $2.3M | 0.23% |
| 113 | Plymouth Industrial REIT, Inc. | 729640102 | 102,163 | $2.3M | 0.22% |
| 114 | Graham Corporation | GHM | 40,554 | $2.2M | 0.22% |
| 115 | Albemarle Corporation Depository Shs Conv Pfd Registered Shs | ALB-PA | 58,433 | $2.2M | 0.22% |
| 116 | Amgen Inc. | AMGN | 7,824 | $2.2M | 0.22% |
| 117 | Global X S&P 500 Covered Call ETF | 37954Y475 | 55,438 | $2.2M | 0.21% |
| 118 | Grupo Aeroportuario del Pacifico SAB de CV Sponsored ADR Class B | 400506101 | 9,116 | $2.2M | 0.21% |
| 119 | Strategy Inc Stride Pfd Registered Shs Series A | STRD | 26,735 | $2.1M | 0.21% |
| 120 | Strategy Inc Pfd Registered shs Series A | STRD | 22,814 | $2.1M | 0.20% |
| 121 | OUTFRONT Media Inc. | OUT | 108,959 | $2.0M | 0.20% |
| 122 | Postal Realty Trust, Inc. Class A | PSTL | 126,245 | $2.0M | 0.19% |
| 123 | Terreno Realty Corporation | 88146M101 | 34,601 | $2.0M | 0.19% |
| 124 | American Healthcare REIT, Inc. | AHR | 46,155 | $1.9M | 0.19% |
| 125 | CSG Systems International, Inc. | 126349109 | 29,608 | $1.9M | 0.19% |
| 126 | Huntington Ingalls Industries, Inc. | 446413106 | 6,606 | $1.9M | 0.19% |
| 127 | Sabine Royalty Trust | 785688102 | 23,405 | $1.9M | 0.18% |
| 128 | Triton International Ltd. Conv Cum Red Perp Pfd Registered Shs Series B | TRTN-PG | 73,336 | $1.8M | 0.18% |
| 129 | Copa Holdings, S.A. Class A | CPA | 15,370 | $1.8M | 0.18% |
| 130 | DHT Holdings, Inc. | DHT | 152,687 | $1.8M | 0.18% |
| 131 | Postal Realty Trust, Inc. Class A | PSTL | 112,307 | $1.8M | 0.17% |
| 132 | Air Lease Corporation Class A | AIIR | 26,676 | $1.7M | 0.17% |
| 133 | Apollo Global Management Inc Mandatory Conv Pfd Registered Shs Series A | 03769M304 | 23,708 | $1.7M | 0.16% |
| 134 | Genius Sports Limited | GENI | 133,952 | $1.7M | 0.16% |
| 135 | Venu Holding Corporation | VENU | 128,257 | $1.6M | 0.16% |
| 136 | Esquire Financial Holdings, Inc. | 29667J101 | 16,012 | $1.6M | 0.16% |
| 137 | Strawberry Fields REIT Inc | STRW | 131,970 | $1.6M | 0.16% |
| 138 | Chart Industries, Inc. Shs Depository Shs Repr Pfd Shs Series B | 16115Q407 | 22,705 | $1.6M | 0.16% |
| 139 | Ares Management Corporation Pfd Registered shs Series B | ARES-PB | 32,152 | $1.6M | 0.16% |
| 140 | Patria Investments Ltd. Class A | PAX | 108,926 | $1.6M | 0.16% |
| 141 | LifeMD, Inc. | LFMDP | 230,663 | $1.6M | 0.15% |
| 142 | Global Medical REIT, Inc. | 37954A303 | 46,022 | $1.6M | 0.15% |
| 143 | Dave, Inc. Class A | 23834J201 | 7,680 | $1.5M | 0.15% |
| 144 | Redwood Trust, Inc. Cum Red Pfd Registered Shs A Series A | RWTQ | 57,543 | $1.5M | 0.14% |
| 145 | Global Medical REIT, Inc. | 37954A303 | 42,101 | $1.4M | 0.14% |
| 146 | Adamas Trust, Inc. Cum Conv Red Pfd Registered Shs Series E | ADAMZ | 56,153 | $1.4M | 0.14% |
| 147 | Southern Copper Corporation | SCCO | 11,424 | $1.4M | 0.14% |
| 148 | Farmland Partners Inc | FPI | 127,273 | $1.4M | 0.14% |
| 149 | Devon Energy Corporation | 25179M103 | 38,291 | $1.3M | 0.13% |
| 150 | CSG Systems International, Inc. | 126349109 | 20,770 | $1.3M | 0.13% |
| 151 | Medtronic Plc | MDT | 13,966 | $1.3M | 0.13% |
| 152 | Waste Management, Inc. | 94106L109 | 5,935 | $1.3M | 0.13% |
| 153 | Hershey Company | HSY | 6,998 | $1.3M | 0.13% |
| 154 | Kontoor Brands, Inc. | KTB | 15,969 | $1.3M | 0.12% |
| 155 | Dynavax Technologies Corporation | 268158201 | 127,239 | $1.3M | 0.12% |
| 156 | Microchip Technology Incorporated Pfd Shs Depositary Shares Repr Conv Pfd Shs Series A | MCHPP | 20,686 | $1.2M | 0.12% |
| 157 | PotlatchDeltic Corporation | 737630103 | 29,663 | $1.2M | 0.12% |
| 158 | Red Cat Holdings Inc | RCAT | 113,175 | $1.2M | 0.11% |
| 159 | Xenia Hotels & Resorts, Inc. | XHR | 85,025 | $1.2M | 0.11% |
| 160 | Aris Water Solutions, Inc. Class A | 040CSH017 | 43,675 | $1.1M | 0.11% |
| 161 | Getty Realty Corp. | 374297109 | 40,003 | $1.1M | 0.11% |
| 162 | UDR, Inc. | UDR | 28,664 | $1.1M | 0.10% |
| 163 | MNTN, Inc Class A | MNTN | 53,686 | $995,876 | 0.10% |
| 164 | Aurinia Pharmaceuticals Inc. | AUPH | 89,132 | $984,909 | 0.10% |
| 165 | Pebblebrook Hotel Trust Cum Red Pfd Registered Shs of Benef Interest Series F | PEB-PH | 48,168 | $973,009 | 0.10% |
| 166 | LVMH Moet Hennessy Louis Vuitton SE Unsponsored ADR | 502441306 | 7,394 | $904,388 | 0.09% |
| 167 | Viper Energy, Inc. | VNOM | 23,110 | $883,274 | 0.09% |
| 168 | RLJ Lodging Trust USD Cum Conv Pfd Registered Shs Series A | RLJ-PA | 34,241 | $863,919 | 0.08% |
| 169 | Millrose Properties Inc Class A | 601137102 | 25,023 | $841,046 | 0.08% |
| 170 | Timken Company | T-PC | 11,140 | $837,527 | 0.08% |
| 171 | Global Medical REIT, Inc. | 37954A303 | 23,801 | $802,336 | 0.08% |
| 172 | National Vision Holdings, Inc. | EYE | 19,538 | $570,326 | 0.06% |
| 173 | TeraWulf Inc. | WULF | 13,256 | $151,383 | 0.01% |
| 174 | Lincoln Educational Services Corporation | 533535100 | 4,606 | $108,241 | 0.01% |
| 175 | BK Technologies Corp. | BKTI | 1,249 | $105,515 | 0.01% |
| 176 | Universal Technical Institute, Inc. | UTI | 3,227 | $105,038 | 0.01% |
| 177 | Take-Two Interactive Software, Inc. | TTWO | 380 | $98,176 | 0.01% |
| 178 | Park Aerospace Corp. | PKE | 4,298 | $87,421 | 0.01% |
| 179 | Sprott Inc. | SII | 864 | $71,876 | 0.01% |
| 180 | Palantir Technologies Inc. Class A | PLTR | 341 | $62,205 | 0.01% |
| 181 | CompoSecure, Inc. Class A | 20459V105 | 2,941 | $61,231 | 0.01% |
| 182 | Sprott Silver Miners & Physical Silver ETF | SII | 1,352 | $59,934 | 0.01% |
| 183 | Reddit, Inc. Class A | RDDT | 259 | $59,567 | 0.01% |
| 184 | Ligand Pharmaceuticals Incorporated | LGNZZ | 296 | $52,433 | 0.01% |
| 185 | iShares MSCI Europe Financials ETF | 464289180 | 1,435 | $49,277 | 0.00% |
| 186 | Hawkins, Inc. | HWKN | 265 | $48,420 | 0.00% |
| 187 | Copa Holdings, S.A. Class A | CPA | 397 | $47,171 | 0.00% |
| 188 | Kratos Defense & Security Solutions, Inc. | 50077B207 | 508 | $46,415 | 0.00% |
| 189 | Cboe Global Markets Inc | 12503M108 | 187 | $45,861 | 0.00% |
| 190 | Amazon.com, Inc. | AMZN | 201 | $44,133 | 0.00% |
| 191 | WisdomTree Floating Rate Treasury Fund | WT | 850 | $42,729 | 0.00% |
| 192 | Sprott Active Gold & Silver Miners ETF | SII | 1,130 | $42,329 | 0.00% |
| 193 | Patria Investments Ltd. Class A | PAX | 2,433 | $35,521 | 0.00% |
| 194 | Devon Energy Corporation | 25179M103 | 942 | $33,026 | 0.00% |
| 195 | Red Violet, Inc. | RDVT | 607 | $31,715 | 0.00% |
| 196 | Nebius Group N.V. Class A | NBIS | 275 | $30,874 | 0.00% |
| 197 | Coinbase Global, Inc. Class A | COIN | 90 | $30,374 | 0.00% |
| 198 | Sprott Physical Platinum and Palladium Trust Trust Units | SII | 2,173 | $29,509 | 0.00% |
| 199 | Global X MSCI Colombia ETF | 37954Y327 | 897 | $29,448 | 0.00% |
| 200 | Prologis, Inc. | XP | 251 | $28,744 | 0.00% |
| 201 | Mama's Creations, Inc. | 56146T103 | 2,699 | $28,366 | 0.00% |
| 202 | Aurinia Pharmaceuticals Inc. | AUPH | 2,425 | $26,796 | 0.00% |
| 203 | Global Medical REIT, Inc. | 37954A303 | 767 | $25,855 | 0.00% |
| 204 | Red Cat Holdings Inc | RCAT | 2,374 | $24,570 | 0.00% |
| 205 | IRadimed Corp. | IRMD | 343 | $24,407 | 0.00% |
| 206 | Alphabet Inc. Class C | GOOG | 98 | $23,867 | 0.00% |
| 207 | Build-A-Bear Workshop, Inc. | BBW | 316 | $20,606 | 0.00% |
| 208 | EastGroup Properties, Inc. | 277276101 | 121 | $20,480 | 0.00% |
| 209 | Apple Inc. | AAPL | 80 | $20,370 | 0.00% |
| 210 | SPDR S&P Regional Banking ETF | 78464A698 | 290 | $18,356 | 0.00% |
| 211 | Sprott Uranium Miners ETF | SII | 275 | $16,618 | 0.00% |
| 212 | iShares Bitcoin Trust ETF | IBIT | 247 | $16,055 | 0.00% |
| 213 | Genius Sports Limited | GENI | 1,253 | $15,512 | 0.00% |
| 214 | NAPCO Security Technologies, Inc. | 630402105 | 358 | $15,376 | 0.00% |
| 215 | Banco Latinoamericano de Comercio Exterior, S.A. Class E | P16994132 | 300 | $13,791 | 0.00% |
| 216 | Hyliion Holdings Corp. Class A | HYLN | 5,684 | $11,197 | 0.00% |
| 217 | Dave, Inc. Class A | 23834J201 | 52 | $10,366 | 0.00% |
| 218 | CME Group Inc. Class A | CME | 38 | $10,267 | 0.00% |
| 219 | Venu Holding Corporation | VENU | 800 | $10,248 | 0.00% |
| 220 | Southern Copper Corporation | SCCO | 84 | $10,194 | 0.00% |
| 221 | LandBridge Company LLC Class A | LB | 183 | $9,763 | 0.00% |
| 222 | Valero Energy Corporation | VLO | 33 | $5,618 | 0.00% |
| 223 | Freightos Limited | CRGOW | 1,553 | $5,124 | 0.00% |
| 224 | Lyft, Inc. Class A | LYFT | 226 | $4,974 | 0.00% |
| 225 | Miami International Holdings, Inc. | 59356Q108 | 119 | $4,790 | 0.00% |
| 226 | Airbus SE Unsponsored ADR | AIIR | 82 | $4,754 | 0.00% |