B&I Capital AG
Long book
$294.1M
Q1 2026
Positions
24
Top-10 weight
71%
concentration
Last quarter
+12.7%
SPY +14.8%
Turnover
25%
of book per quarter
Strategy in plain words
auto-generated from filingsB&I Capital AG is a concentrated fundamental stock-picker, specialised in real_estate (100% of the long book), running a $294.1M US long book across 24 positions.
The portfolio is concentrated: the top 10 names carry 71% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: PROLOGIS INC, WELLTOWER INC, AMERICAN TOWER CORP, EQUINIX INC, PUBLIC STORAGE.
Over the last 9 quarters its long book ran on average 2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.8%
Q2 2024
+16.6%
Q3 2024
-8.3%
Q4 2024
+2.6%
Q1 2025
-2.0%
Q2 2025
+1.9%
Q3 2025
-2.1%
Q4 2025
+4.1%
Q1 2026
+12.7%
Sector allocation
Real estate 100%
Long book by quarter
What does B&I Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CBRE CBRE GROUP INC - A | Real estate | 3.5K | $467K | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 24 | $294.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 25 | $281.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | 29 | $288.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 31 | $294.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 6, 2025 | 30 | $307.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 27 | $306.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 29, 2024 | 27 | $345.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 27 | $312.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 23, 2024 | 25 | $315.6M | canonical | SEC ↗ |
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