Uniplan Investment Counsel, Inc. Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$355.8M

Holdings

186

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (186 positions)

#	Stock	Shares	Value	% Portfolio
1	USFRWisdomTree Floating Rate Treasury Fund	185,524	$9.3M	2.62%
2	WELLWelltower Inc.	48,889	$9.1M	2.55%
3	SIISprott Inc.	86,219	$8.4M	2.37%
4	LGNDLigand Pharmaceuticals Incorporated	40,493	$7.7M	2.15%
5	EQIXEquinix, Inc.	9,975	$7.6M	2.15%
6	SPGSimon Property Group, Inc.	41,185	$7.6M	2.14%
7	LINCLincoln Educational Services Corporation	299,811	$7.2M	2.03%
8	AMTAmerican Tower Corporation	40,572	$7.1M	2.00%
9	WULFTeraWulf Inc.	594,095	$6.8M	1.92%
10	BBWBuild-A-Bear Workshop, Inc.	109,254	$6.7M	1.88%
11	MAMAMama's Creations, Inc.	490,722	$6.6M	1.86%
12	NPKINPK International Inc.	536,108	$6.4M	1.80%
13	SEISolaris Energy Infrastructure, Inc. Class A	137,943	$6.3M	1.78%
14	IRMDIRadimed Corp.	62,785	$6.1M	1.72%
15	SRTAStrata Critical Medical, Inc. Class A	1,207,668	$5.8M	1.63%
16	AXGNAxogen, Inc.	170,620	$5.6M	1.57%
17	AZZAZZ Inc.	51,285	$5.5M	1.54%
18	BLXBanco Latinoamericano de Comercio Exterior, S.A. Class E	122,382	$5.5M	1.53%
19	PLDPrologis, Inc.	42,141	$5.4M	1.51%
20	RDVTRed Violet, Inc.	92,552	$5.3M	1.48%
21	GRCGorman-Rupp Company	109,742	$5.2M	1.47%
22	KRGKite Realty Group Trust	209,473	$5.0M	1.41%
23	TRNOTerreno Realty Corporation	85,402	$5.0M	1.41%
24	EGPEastGroup Properties, Inc.	28,017	$5.0M	1.40%
25	UTIUniversal Technical Institute, Inc.	189,567	$5.0M	1.39%
26	COLLCollegium Pharmaceutical, Inc.	106,760	$4.9M	1.39%
27	NSSCNAPCO Security Technologies, Inc.	115,050	$4.8M	1.35%
28	VENVentas, Inc.	60,897	$4.7M	1.32%
29	EZPWEZCORP, Inc. Class A	237,687	$4.6M	1.30%
30	BLFSBioLife Solutions, Inc.	185,945	$4.5M	1.26%
31	HWKNHawkins, Inc.	31,198	$4.4M	1.25%
32	INVAInnoviva, Inc.	209,733	$4.2M	1.18%
33	PKEPark Aerospace Corp.	191,204	$4.1M	1.15%
34	BKTIBK Technologies Corp.	54,105	$4.0M	1.13%
35	NWPXNWPX Infrastructure Inc.	64,320	$4.0M	1.13%
36	OUTOUTFRONT Media Inc.	166,058	$4.0M	1.12%
37	IDIInterDigital, Inc.	12,356	$3.9M	1.11%
38	FPIFarmland Partners Inc	403,120	$3.9M	1.10%
39	INODInnodata Inc.	75,783	$3.9M	1.09%
40	DAKTDaktronics, Inc.	192,061	$3.8M	1.07%
41	8CWCrown Castle Inc.	42,584	$3.8M	1.06%
42	MFINMedallion Financial Corp.	340,123	$3.5M	0.98%
43	ASTEAstec Industries, Inc.	77,237	$3.3M	0.94%
44	PSAPublic Storage	12,749	$3.3M	0.93%
45	GHMGraham Corporation	47,865	$3.1M	0.86%
46	AOSLAlpha and Omega Semiconductor Limited	152,820	$3.0M	0.85%
47	PAXPatria Investments Ltd. Class A	178,949	$2.8M	0.80%
48	GPGICompoSecure, Inc. Class A	145,932	$2.8M	0.79%
49	EXRExtra Space Storage Inc.	21,084	$2.7M	0.77%
50	DVAXDynavax Technologies Corporation	173,345	$2.7M	0.75%
51	GLPIGaming and Leisure Properties, Inc.	58,327	$2.6M	0.73%
52	ESQEsquire Financial Holdings, Inc.	25,234	$2.6M	0.72%
53	CSGSCSG Systems International, Inc.	33,135	$2.5M	0.71%
54	ESSEssex Property Trust, Inc.	9,170	$2.4M	0.67%
55	VICIVICI Properties Inc	82,774	$2.3M	0.65%
56	SIGASIGA Technologies Inc	378,257	$2.3M	0.65%
57	PSTLPostal Realty Trust, Inc. Class A	139,313	$2.2M	0.63%
58	GCMGGCM Grosvenor, Inc. Class A	198,310	$2.2M	0.63%
59	PLYMPlymouth Industrial REIT, Inc.	97,225	$2.1M	0.60%
60	BXPBXP Inc	31,101	$2.1M	0.59%
61	ORealty Income Corporation	37,008	$2.1M	0.59%
62	MAAMid-America Apartment Communities, Inc.	14,648	$2.0M	0.57%
63	SPOKSpok Holdings, Inc.	153,824	$2.0M	0.57%
64	ELSEquity LifeStyle Properties, Inc.	33,208	$2.0M	0.57%
65	OHIOmega Healthcare Investors, Inc.	45,253	$2.0M	0.56%
66	FQIDigital Realty Trust, Inc.	12,759	$2.0M	0.55%
67	AVBAvalonBay Communities, Inc.	10,852	$2.0M	0.55%
68	GMREGlobal Medical REIT, Inc.	58,369	$2.0M	0.55%
69	GENIGenius Sports Limited	178,100	$2.0M	0.55%
70	REGRegency Centers Corporation	28,140	$1.9M	0.55%
71	AUPHAurinia Pharmaceuticals Inc.	120,202	$1.9M	0.54%
72	EYENational Vision Holdings, Inc.	73,198	$1.9M	0.53%
73	CPTCamden Property Trust	16,227	$1.8M	0.50%
74	STRWStrawberry Fields REIT Inc	125,993	$1.6M	0.46%
75	ADCAgree Realty Corporation	21,408	$1.5M	0.43%
76	INVHInvitation Homes, Inc.	46,399	$1.3M	0.36%
77	OMCLOmnicell, Inc.	28,034	$1.3M	0.36%
78	CTRECareTrust REIT, Inc.	32,876	$1.2M	0.33%
79	SUISun Communities, Inc.	9,484	$1.2M	0.33%
80	WMBWilliams Companies, Inc.	19,468	$1.2M	0.33%
81	SBACSBA Communications Corp. Class A	6,010	$1.2M	0.33%
82	MNTNMNTN, Inc Class A	94,185	$1.1M	0.32%
83	BA 6 10/15/27Boeing Company Pfd Registered shs Series A	16,253	$1.1M	0.32%
84	HSTHost Hotels & Resorts, Inc.	60,487	$1.1M	0.30%
85	AHRAmerican Healthcare REIT, Inc.	21,922	$1.0M	0.29%
86	WYWeyerhaeuser Company	43,455	$1.0M	0.29%
87	ABBVAbbVie, Inc.	4,078	$931K	0.26%
88	AMHAmerican Homes Rent Class A	28,575	$917K	0.26%
89	EPREPR Properties	17,605	$878K	0.25%
90	FANGDiamondback Energy, Inc.	5,784	$869K	0.24%
91	HIIHuntington Ingalls Industries, Inc.	2,537	$862K	0.24%
92	HHHHoward Hughes Holdings Inc.	10,763	$858K	0.24%
93	SBCSabra Health Care REIT, Inc.	45,220	$856K	0.24%
94	RPRXRoyalty Pharma Plc Class A	21,559	$833K	0.23%
95	ALB 7.25 03/01/27Albemarle Corporation Depository Shs Repr Conv Pfd Registered Shs	13,208	$784K	0.22%
96	AMGNAmgen Inc.	2,371	$776K	0.22%
97	VLOValero Energy Corporation	4,652	$757K	0.21%
98	WPCW. P. Carey Inc.	11,695	$752K	0.21%
99	OKEONEOK, Inc.	10,216	$750K	0.21%
100	T 4.75 PERP CAT&T Inc Depositary Shs Pfd Series C	39,278	$747K	0.21%

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