Uniplan Investment Counsel, Inc.

Fundamental diversified ★Signal real_estate specialist (69%) CIK 1520710
League rank
#527
in Fundamental diversified · #3387 overall
Long book
$973.9M
Q1 2026
Positions
183
Top-10 weight
37%
concentration
Last quarter
+12.0%
SPY +14.8%
Turnover
40%
of book per quarter

Strategy in plain words

auto-generated from filings

Uniplan Investment Counsel, Inc. is a diversified fundamental manager, specialised in real_estate (69% of the long book), running a $973.9M US long book across 183 positions.

The portfolio is moderately concentrated (top 10 ≈ 37% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: EQUINIX INC, WELLTOWER INC, AMERICAN TOWER CORP, SIMON PROPERTY GROUP INC, WISDOMTREE FLOATING RATE TRE.

Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-0.6%
Q2 2024
+13.0%
Q3 2024
-3.5%
Q4 2024
+1.3%
Q1 2025
+2.1%
Q2 2025
+5.7%
Q3 2025
+0.1%
Q4 2025
+5.2%
Q1 2026
+12.0%

Sector allocation

Industrials
19%
Healthcare
19%
Financials
14%
Services media
9%
Technology
7%
Utilities
7%
Other
6%
Energy
5%

Long book by quarter

$1.27B
Q1 2024
$1.10B
Q2 2024
$1.15B
Q3 2024
$1.08B
Q4 2024
$1.03B
Q1 2025
$988.6M
Q2 2025
$1.02B
Q3 2025
$995.9M
Q4 2025
$973.9M
Q1 2026

What does Uniplan Investment own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
LINC LINCOLN EDUCATIONAL SERVICESServices media225.7K$9.2M0.9%-28.0%
LGND LIGAND PHARMACEUTICALSHealthcare40.2K$8.0M0.8%-5.1%
SII SPROTT INCFinancials55.9K$8.0M0.8%-38.0%
SEI SOLARIS ENERGY INFRASTRUCTURIndustrials137.0K$7.7M0.8%-5.1%
NPKI NPK INTERNATIONAL INCServices media527.7K$7.6M0.8%-6.0%
MAMA MAMA'S CREATIONS INCConsumer staples484.7K$7.4M0.8%-5.6%
WULF TERAWULF INCFinancials503.5K$7.3M0.7%-18.9%
UTI UNIVERSAL TECHNICAL INSTITUTServices media188.4K$6.8M0.7%-11.7%
GRC GORMAN-RUPP COIndustrials107.9K$6.7M0.7%-6.1%
AZZ AZZ INCIndustrials50.1K$6.3M0.6%-6.6%
BLX BLADEX INCFinancials119.9K$6.1M0.6%-6.4%
IRMD IRADIMED CORPHealthcare62.1K$6.0M0.6%-5.4%
EZPW EZCORP INC-CL AConsumer discretionary234.2K$5.9M0.6%-5.9%
AXGN AXOGEN INCHealthcare167.9K$5.6M0.6%-6.0%
SRTA STRATA CRITICAL MEDICAL INCHealthcare1.3M$5.4M0.6%+2.9%
INVA INNOVIVA INCHealthcare229.3K$5.3M0.5%+4.5%
PKE PARK AEROSPACE CORPIndustrials187.6K$5.1M0.5%-6.1%
WMB WILLIAMS COS INCUtilities69.5K$5.1M0.5%-16.1%
HII HUNTINGTON INGALLS INDUSTRIEIndustrials13.0K$4.9M0.5%+20.1%
NWPX NWPX INFRASTRUCTURE INCIndustrials63.3K$4.9M0.5%-6.0%
IDCC INTERDIGITAL INCFinancials16.1K$4.9M0.5%-36.6%
HWKN HAWKINS INCConsumer discretionary30.6K$4.7M0.5%-6.3%
VLO VALERO ENERGY CORPEnergy19.0K$4.7M0.5%-3.6%
FANG DIAMONDBACK ENERGY INCEnergy23.7K$4.7M0.5%-3.7%
ASTE ASTEC INDUSTRIES INCIndustrials85.8K$4.6M0.5%+6.1%
NSSC NAPCO SECURITY TECHNOLOGIESTechnology113.4K$4.5M0.5%-5.8%
GHM GRAHAM CORPIndustrials56.6K$4.5M0.5%+12.9%
BA 6 10/15/27 BOEING CO/THE66.5K$4.3M0.4%-3.9%
RPRX ROYALTY PHARMA PLC- CL AHealthcare88.7K$4.3M0.4%-3.3%
BKTI BK Technologies Corp.Technology53.1K$4.0M0.4%-6.1%
ALB ALBEMARLE CORPMaterials54.5K$3.9M0.4%-3.1%
OKE ONEOK INCUtilities41.3K$3.7M0.4%-4.1%
DAKT DAKTRONICS INCOther188.9K$3.7M0.4%-6.0%
DHT DHT HOLDINGS INCIndustrials201.4K$3.7M0.4%-17.2%
ABBV ABBVIE INCHealthcare16.8K$3.7M0.4%-3.2%
BLFS BIOLIFE SOLUTIONS INCHealthcare182.8K$3.5M0.4%-6.1%
INOD INNODATA INCTechnology90.2K$3.5M0.4%+13.7%
CWEN CLEARWAY ENERGY INC-CUtilities87.9K$3.5M0.4%-3.2%
AMGN AMGEN INCHealthcare9.7K$3.4M0.3%-4.1%
SCCO SOUTHERN COPPER CORPMaterials19.7K$3.4M0.3%-3.7%
AOSL ALPHA & OMEGA SEMICONDUCTORTechnology150.2K$3.3M0.3%-6.1%
MFIN MEDALLION FINANCIAL CORPFinancials385.6K$3.3M0.3%+8.3%
C CITIGROUP INCFinancials25.4K$2.9M0.3%New
ESQ ESQUIRE FINANCIAL HOLDINGS IFinancials24.8K$2.7M0.3%-5.9%
PCG PG&E CORPUtilities61.2K$2.6M0.3%-2.8%
ARCC ARES CAPITAL CORP144.3K$2.6M0.3%-3.2%
EPR EPR PROPERTIESReal estate110.8K$2.5M0.3%-4.3%
KNTK KINETIK HOLDINGS INCUtilities51.3K$2.5M0.3%-3.5%
ATEN A10 NETWORKS INCTechnology106.3K$2.5M0.3%New
GPGI GPGI INCFinancials142.9K$2.4M0.3%-6.4%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 2026221$973.9M canonicalSEC ↗
Q4 202513F-HRFeb 17, 2026227$355.8M SEC ↗
Q4 202513F-HR/ARESTATEMENTFeb 17, 2026227$995.9M canonicalSEC ↗
Q3 202513F-HRNov 14, 2025226$1.02B canonicalSEC ↗
Q2 202513F-HRAug 14, 2025205$988.6M canonicalSEC ↗
Q1 202513F-HRMay 15, 2025209$1.03B canonicalSEC ↗
Q4 202413F-HRFeb 14, 2025143$1.08B canonicalSEC ↗
Q3 202413F-HRNov 14, 2024132$1.15B canonicalSEC ↗
Q2 202413F-HRAug 14, 2024131$1.10B $K fixed canonicalSEC ↗
Q1 202413F-HRMay 15, 2024137$1.27B $K fixed canonicalSEC ↗