13F HOLDINGS REPORT

Uniplan Investment Counsel, Inc.

Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001520710-26-000002

Total Value

$355.8M

Positions

227

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (227)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	Welltower Inc.	WELL	48,889	$9.1M	2.55%
2	WisdomTree Floating Rate Treasury Fund	WT	168,505	$8.5M	2.38%
3	Sprott Inc.	SII	85,326	$8.4M	2.35%
4	Ligand Pharmaceuticals Incorporated	LGNZZ	40,108	$7.6M	2.13%
5	Lincoln Educational Services Corporation	533535100	294,979	$7.1M	2.00%
6	American Tower Corporation	03027X100	40,572	$7.1M	2.00%
7	Equinix, Inc.	EQIX	8,748	$6.7M	1.88%
8	Build-A-Bear Workshop, Inc.	BBW	109,254	$6.7M	1.88%
9	TeraWulf Inc.	WULF	569,941	$6.5M	1.84%
10	Mama's Creations, Inc.	56146T103	483,224	$6.5M	1.83%
11	NPK International Inc.	NPKI	536,108	$6.4M	1.80%
12	Solaris Energy Infrastructure, Inc. Class A	SEI	137,943	$6.3M	1.78%
13	Simon Property Group, Inc.	828806109	32,988	$6.1M	1.72%
14	IRadimed Corp.	IRMD	62,394	$6.1M	1.71%
15	Strata Critical Medical, Inc. Class A	SRTAW	1,207,668	$5.8M	1.63%
16	Axogen, Inc.	AXGN	170,620	$5.6M	1.57%
17	AZZ Inc.	AZZ	51,285	$5.5M	1.54%
18	Banco Latinoamericano de Comercio Exterior, S.A. Class E	P16994132	122,382	$5.5M	1.53%
19	Gorman-Rupp Company	GRC	109,742	$5.2M	1.47%
20	Red Violet, Inc.	RDVT	90,849	$5.2M	1.45%
21	EastGroup Properties, Inc.	277276101	28,017	$5.0M	1.40%
22	Collegium Pharmaceutical, Inc.	COLL	106,760	$4.9M	1.39%
23	Universal Technical Institute, Inc.	UTI	187,533	$4.9M	1.38%
24	NAPCO Security Technologies, Inc.	630402105	115,050	$4.8M	1.35%
25	Ventas, Inc.	VTR	60,897	$4.7M	1.32%
26	EZCORP, Inc. Class A	EZPW	237,687	$4.6M	1.30%
27	Terreno Realty Corporation	88146M101	77,459	$4.5M	1.28%
28	BioLife Solutions, Inc.	BLFS	185,945	$4.5M	1.26%
29	Prologis, Inc.	PLDGP	34,998	$4.5M	1.26%
30	Hawkins, Inc.	HWKN	31,198	$4.4M	1.25%
31	Innoviva, Inc.	INVA	209,733	$4.2M	1.18%
32	Kite Realty Group Trust	49803T300	168,466	$4.0M	1.13%
33	NWPX Infrastructure Inc.	NWPX	64,320	$4.0M	1.13%
34	Park Aerospace Corp.	PKE	185,445	$4.0M	1.11%
35	BK Technologies Corp.	BKTI	52,854	$3.9M	1.11%
36	Innodata Inc.	INOD	75,783	$3.9M	1.09%
37	Daktronics, Inc.	DAKT	192,061	$3.8M	1.07%
38	Crown Castle Inc.	CCI	42,584	$3.8M	1.06%
39	Medallion Financial Corp.	583928106	340,123	$3.5M	0.98%
40	Astec Industries, Inc.	046224101	77,237	$3.3M	0.94%
41	Public Storage	PSA-PS	12,749	$3.3M	0.93%
42	Graham Corporation	GHM	47,865	$3.1M	0.86%
43	Alpha and Omega Semiconductor Limited	AOSL	152,820	$3.0M	0.85%
44	Farmland Partners Inc	FPI	295,654	$2.9M	0.81%
45	Patria Investments Ltd. Class A	PAX	178,949	$2.8M	0.80%
46	CompoSecure, Inc. Class A	20459V105	145,932	$2.8M	0.79%
47	Extra Space Storage Inc.	EXR	21,084	$2.7M	0.77%
48	InterDigital, Inc.	IDCC	8,487	$2.7M	0.76%
49	Dynavax Technologies Corporation	268158201	173,345	$2.7M	0.75%
50	Esquire Financial Holdings, Inc.	29667J101	25,051	$2.6M	0.72%
51	OUTFRONT Media Inc.	OUT	104,060	$2.5M	0.70%
52	Essex Property Trust, Inc.	297178105	9,170	$2.4M	0.67%
53	SIGA Technologies Inc	SIGA	378,257	$2.3M	0.65%
54	GCM Grosvenor, Inc. Class A	GCMG	198,310	$2.2M	0.63%
55	Gaming and Leisure Properties, Inc.	36467J108	49,425	$2.2M	0.62%
56	CSG Systems International, Inc.	126349109	28,435	$2.2M	0.61%
57	Plymouth Industrial REIT, Inc.	729640102	97,225	$2.1M	0.60%
58	BXP Inc	BXP	31,101	$2.1M	0.59%
59	Realty Income Corporation	O	37,008	$2.1M	0.59%
60	Mid-America Apartment Communities, Inc.	59522J103	14,648	$2.0M	0.57%
61	Spok Holdings, Inc.	SPOK	153,824	$2.0M	0.57%
62	Equity LifeStyle Properties, Inc.	29472R108	33,208	$2.0M	0.57%
63	Digital Realty Trust, Inc.	253868103	12,759	$2.0M	0.55%
64	AvalonBay Communities, Inc.	AWX	10,852	$2.0M	0.55%
65	Genius Sports Limited	GENI	178,100	$2.0M	0.55%
66	Postal Realty Trust, Inc. Class A	PSTL	120,542	$1.9M	0.55%
67	Regency Centers Corporation	758849103	28,140	$1.9M	0.55%
68	National Vision Holdings, Inc.	EYE	73,198	$1.9M	0.53%
69	Aurinia Pharmaceuticals Inc.	AUPH	116,080	$1.9M	0.52%
70	VICI Properties Inc	925652109	65,762	$1.8M	0.52%
71	Camden Property Trust	133131102	16,227	$1.8M	0.50%
72	Strawberry Fields REIT Inc	STRW	125,993	$1.7M	0.46%
73	Agree Realty Corporation	008492100	21,408	$1.5M	0.43%
74	Simon Property Group, Inc.	828806109	8,197	$1.5M	0.43%
75	Global Medical REIT, Inc.	37954A303	40,237	$1.4M	0.38%
76	Invitation Homes, Inc.	INVH	46,399	$1.3M	0.36%
77	Omnicell, Inc.	OMCL	28,034	$1.3M	0.36%
78	InterDigital, Inc.	IDCC	3,869	$1.2M	0.35%
79	CareTrust REIT, Inc.	CTRE	32,876	$1.2M	0.33%
80	Sun Communities, Inc.	866674104	9,484	$1.2M	0.33%
81	Williams Companies, Inc.	969457100	19,468	$1.2M	0.33%
82	SBA Communications Corp. Class A	SBAC	6,010	$1.2M	0.33%
83	MNTN, Inc Class A	MNTN	94,185	$1.1M	0.32%
84	Boeing Company Pfd Registered shs Series A	BA-PA	16,253	$1.1M	0.32%
85	Host Hotels & Resorts, Inc.	HST	60,487	$1.1M	0.30%
86	Weyerhaeuser Company	WY	43,455	$1.0M	0.29%
87	Omega Healthcare Investors, Inc.	681936100	23,075	$1.0M	0.29%
88	Omega Healthcare Investors, Inc.	681936100	22,178	$983,372	0.28%
89	Kite Realty Group Trust	49803T300	41,007	$982,957	0.28%
90	Equinix, Inc.	EQIX	1,227	$940,599	0.26%
91	AbbVie, Inc.	ABBV	4,078	$931,878	0.26%
92	American Homes Rent Class A	AMH-PG	28,575	$917,284	0.26%
93	EPR Properties	26884U109	17,605	$878,496	0.25%
94	Diamondback Energy, Inc.	FANG	5,784	$869,587	0.24%
95	Huntington Ingalls Industries, Inc.	446413106	2,537	$862,942	0.24%
96	Howard Hughes Holdings Inc.	HHH	10,763	$858,578	0.24%
97	Sabra Health Care REIT, Inc.	SBRA	45,220	$856,481	0.24%
98	Prologis, Inc.	PLDGP	6,658	$850,069	0.24%
99	Royalty Pharma Plc Class A	RPRX	21,559	$833,043	0.23%
100	WisdomTree Floating Rate Treasury Fund	WT	16,101	$810,202	0.23%
101	Albemarle Corporation Depository Shs Repr Conv Pfd Registered Shs	ALB-PA	13,208	$784,455	0.22%
102	Amgen Inc.	AMGN	2,371	$776,150	0.22%
103	OUTFRONT Media Inc.	OUT	31,636	$762,446	0.21%
104	Farmland Partners Inc	FPI	78,110	$756,890	0.21%
105	W. P. Carey Inc.	92936U109	11,695	$752,697	0.21%
106	Valero Energy Corporation	VLO	4,619	$752,064	0.21%
107	AT&T Inc Depositary Shs Pfd Series C	T-PC	39,278	$747,081	0.21%
108	ONEOK, Inc.	OKE	10,073	$740,436	0.21%
109	OUTFRONT Media Inc.	OUT	30,362	$731,730	0.21%
110	Clearway Energy, Inc. Class C	CWEN-A	21,338	$709,706	0.20%
111	Ares Capital Corporation	ARCC	35,040	$708,875	0.20%
112	Barrick Mining Corporation	06849F108	16,057	$699,324	0.20%
113	DHT Holdings, Inc.	DHT	57,138	$697,663	0.20%
114	Grupo Aeroportuario del Centro Norte SAB de CV Sponsored ADR Class B	400501102	6,406	$696,832	0.20%
115	Southern Copper Corporation	SCCO	4,784	$686,450	0.19%
116	LVMH Moet Hennessy Louis Vuitton SE Unsponsored ADR	502441306	4,331	$653,228	0.18%
117	PG&E Corporation Pfd Shs A Non Voting	PCG-PX	14,787	$606,302	0.17%
118	EPR Properties Conv Pfd Shs Series C	26884U208	27,204	$603,395	0.17%
119	Bank of America Corp Non Cum Perp Conv Pfd Registered Shs Series L	060505682	477	$597,997	0.17%
120	Ellington Financial Inc.	EFC-PD	43,851	$595,505	0.17%
121	Millrose Properties Inc Class A	601137102	19,255	$575,156	0.16%
122	Marriott International, Inc. Class A	571903202	1,790	$555,612	0.16%
123	Brixmor Property Group, Inc.	11120U105	21,070	$552,467	0.16%
124	Curbline Properties Corp.	23128Q101	23,170	$537,790	0.15%
125	American Healthcare REIT, Inc.	AHR	11,271	$530,452	0.15%
126	Grupo Aeroportuario del Pacifico SAB de CV Sponsored ADR Class B	400506101	1,997	$526,569	0.15%
127	Global X S&P Covered Call ETF	37954Y475	12,909	$524,493	0.15%
128	CareDx, Inc.	CDNA	27,008	$508,838	0.14%
129	Public Storage Depositary Shs Pfd Series H	PSA-PS	22,017	$503,314	0.14%
130	American Healthcare REIT, Inc.	AHR	10,651	$501,237	0.14%
131	VICI Properties Inc	925652109	17,012	$478,397	0.13%
132	Sabine Royalty Trust	785688102	6,825	$468,015	0.13%
133	Terreno Realty Corporation	88146M101	7,943	$466,354	0.13%
134	Kinetik Holdings Inc. Class A	KNTK	12,487	$450,158	0.13%
135	Iron Mountain, Inc.	IRM	5,168	$428,764	0.12%
136	Copa Holdings, S.A. Class A	CPA	3,539	$426,903	0.12%
137	Rayonier Inc.	RYN	19,707	$426,668	0.12%
138	Triton International Ltd. Pfd Series B	TRTN-PG	16,900	$426,072	0.12%
139	NEOS Nasdaq High Income ETF	78433H675	7,694	$414,445	0.12%
140	Apollo Global Management Inc Mandatory Conv Pfd Registered Shs Series A	03769M304	5,322	$401,986	0.11%
141	Gaming and Leisure Properties, Inc.	36467J108	8,902	$397,834	0.11%
142	Air Lease Corporation Class A	AIIR	6,161	$395,757	0.11%
143	Getty Realty Corp.	374297109	14,353	$392,850	0.11%
144	Chart Industries, Inc.	16115Q308	1,872	$386,206	0.11%
145	Kontoor Brands, Inc.	KTB	6,281	$383,714	0.11%
146	CSG Systems International, Inc.	126349109	4,700	$360,459	0.10%
147	Ares Management Corporation Pfd Registered shs Series B	ARES-PB	7,119	$358,798	0.10%
148	Timken Company	TKR	3,909	$328,898	0.09%
149	Redwood Trust, Inc. Cum Red Pfd Registered Shs A Series A	RWTQ	13,351	$326,821	0.09%
150	Devon Energy Corporation	25179M103	8,820	$323,084	0.09%
151	Adamas Trust, Inc. Cum Conv Red Pfd Registered Shs Series E	ADAMZ	13,023	$321,423	0.09%
152	Medtronic Plc	MDT	3,246	$311,872	0.09%
153	QUALCOMM Incorporated	QCOM	1,789	$306,058	0.09%
154	Postal Realty Trust, Inc. Class A	PSTL	18,771	$302,965	0.09%
155	Global Medical REIT, Inc.	37954A303	8,763	$295,676	0.08%
156	Waste Management, Inc.	94106L109	1,330	$292,354	0.08%
157	Farmland Partners Inc	FPI	29,356	$284,463	0.08%
158	Microchip Technology Incorporated Pfd Shs Conv Pfd Shs Series A	MCHPP	4,660	$271,590	0.08%
159	Xenia Hotels & Resorts, Inc.	XHR	18,766	$265,361	0.07%
160	UMH Properties, Inc.	903002103	16,538	$263,129	0.07%
161	Global Medical REIT, Inc.	37954A303	7,581	$255,791	0.07%
162	First Industrial Realty Trust, Inc.	32054K103	4,429	$253,694	0.07%
163	Pitney Bowes Inc. Pfd Shares	PBI-PB	10,224	$208,468	0.06%
164	Brookfield Asset Management Ltd. Class A	112585104	3,955	$207,222	0.06%
165	United Parcel Service, Inc. Class B	UPS	2,080	$206,392	0.06%
166	Transportadora de Gas del Sur SA Sponsored ADR Class B RegS	893870204	6,585	$204,730	0.06%
167	Marex Group plc	MRX	5,326	$204,315	0.06%
168	Pebblebrook Hotel Trust Pfd Series F	PEB-PH	10,725	$204,315	0.06%
169	Matson, Inc.	MATX	1,623	$200,578	0.06%
170	PepsiCo, Inc.	PEP	1,374	$197,255	0.06%
171	RLJ Lodging Trust USD Pfd Series A	RLJ-PA	7,705	$191,857	0.05%
172	TeraWulf Inc.	WULF	13,256	$151,388	0.04%
173	TeraWulf Inc.	WULF	10,898	$125,223	0.04%
174	Park Aerospace Corp.	PKE	5,759	$122,897	0.03%
175	Lincoln Educational Services Corporation	533535100	4,832	$116,701	0.03%
176	Kodiak Gas Services, Inc.	50012A108	2,875	$107,556	0.03%
177	Archrock Inc.	AROC	4,117	$107,141	0.03%
178	Mama's Creations, Inc.	56146T103	7,498	$101,158	0.03%
179	Red Violet, Inc.	RDVT	1,703	$97,041	0.03%
180	BK Technologies Corp.	BKTI	1,251	$93,356	0.03%
181	Amazon.com, Inc.	AMZN	387	$89,424	0.03%
182	Sprott Inc.	SII	893	$87,510	0.02%
183	Ligand Pharmaceuticals Incorporated	LGNZZ	385	$72,853	0.02%
184	Aurinia Pharmaceuticals Inc.	AUPH	4,122	$65,751	0.02%
185	Alphabet Inc. Class C	38259P508	206	$64,701	0.02%
186	Prologis, Inc.	PLDGP	485	$61,963	0.02%
187	Global Medical REIT, Inc.	37954A303	1,788	$60,357	0.02%
188	Universal Technical Institute, Inc.	UTI	2,034	$53,152	0.01%
189	QUALCOMM Incorporated	QCOM	310	$53,090	0.01%
190	WisdomTree Floating Rate Treasury Fund	WT	918	$46,215	0.01%
191	Elanco Animal Health, Inc.	ELAN	1,831	$41,439	0.01%
192	CME Group Inc. Class A	CME	145	$39,813	0.01%
193	Halliburton Company	HAL	1,372	$38,783	0.01%
194	IRadimed Corp.	IRMD	391	$38,104	0.01%
195	Cboe Global Markets Inc	12503M108	149	$37,630	0.01%
196	FedEx Corporation	FDX	125	$36,107	0.01%
197	Nasdaq, Inc.	NDAQ	360	$34,995	0.01%
198	Sprott Critical Materials ETF	SII	1,176	$34,069	0.01%
199	Sprott Silver Miners & Physical Silver ETF	SII	606	$33,822	0.01%
200	Reddit, Inc. Class A	RDDT	118	$27,255	0.01%
201	Palantir Technologies Inc. Class A	PLTR	149	$26,658	0.01%
202	Sprott Physical Platinum and Palladium Trust Trust Units	SII	1,567	$26,391	0.01%
203	lululemon athletica inc.	LULU	122	$25,547	0.01%
204	Andersons, Inc.	ANDE	472	$25,135	0.01%
205	United Parcel Service, Inc. Class B	UPS	222	$22,109	0.01%
206	Esquire Financial Holdings, Inc.	29667J101	183	$18,712	0.01%
207	Global X MSCI Colombia ETF	37954Y327	514	$18,342	0.01%
208	RTX Corporation	RTX	100	$18,342	0.01%
209	Southern Copper Corporation	SCCO	126	$18,218	0.01%
210	Unity Software, Inc.	U	385	$17,024	0.00%
211	Texas Capital Bancshares, Inc.	88224Q107	181	$16,406	0.00%
212	Onto Innovation, Inc.	ONTO	101	$16,098	0.00%
213	State Street Financial Select Sector SPDR ETF	81369Y605	281	$15,398	0.00%
214	U.S. Dollar	UTI	15,027	$15,027	0.00%
215	International Business Machines Corporation	INTR	49	$14,801	0.00%
216	Northern Trust Corporation	NTRSO	89	$12,228	0.00%
217	Take-Two Interactive Software, Inc.	TTWO	42	$10,931	0.00%
218	Sprott Copper Miners ETF	SII	312	$10,869	0.00%
219	ONEOK, Inc.	OKE	143	$10,560	0.00%
220	Solstice Advanced Materials, Inc.	83443Q103	214	$10,416	0.00%
221	Venu Holding Corporation	VENU	800	$10,251	0.00%
222	Exxon Mobil Corporation	XOM	83	$10,025	0.00%
223	CrowdStrike Holdings, Inc. Class A	CRWD	19	$9,284	0.00%
224	Alcoa Corporation	AA	110	$5,866	0.00%
225	Valero Energy Corporation	VLO	33	$5,784	0.00%
226	Kaiser Aluminum Corporation	KALU	47	$5,496	0.00%
227	Verizon Communications Inc.	VZ	129	$5,269	0.00%