Vision Capital Management: Quarterly Holdings Shifts Analysis

For the quarter ending June 30th, 2026 (Q2 2026), Vision Capital Management Inc. (VCMI) saw its portfolio holdings undergo several notable adjustments.

The investor's actions were primarily focused on reducing exposure in certain areas while adding to others, reflecting a dynamic strategy. The most significant change during this period was the reduction of positions across multiple large holdings, indicating an overall trend towards trimming size rather than broad-based buying.

Sales and Reductions

Vision Capital Management Inc. sold shares in several major holdings during Q2 2026:

• ISHARES TR (IVV): The position saw a reduction of over 8.5 million shares, representing an approximately 1.82% decrease in its value relative to the previous quarter.
• VANGUARD TAX-MANAGED FDS (VEA): Shares decreased by 26,806, a 2.31% reduction.
• APPLE INC (AAPL): The tech giant's position was reduced by over 457 thousand shares, leading to a 0.47% decrease in its value.
• ISHARES TR (IJR): This position experienced the largest percentage reduction during Q2, with shares down by 24,184, a 6.64% decrease.
• MSFT (Microsoft): Shares decreased slightly by 504, resulting in a small 0.78% reduction in value.
• VANGUARD INTL EQUITY INDEX F (VWO): Shares decreased by 6,233, a 0.97% reduction.
• VBK (Vanguard Small Cap Value ETF): Shares saw a decrease of over 8,612.

In addition to these sales, Vision Capital Management Inc. also reduced its stake in other holdings:

• MA (Mastercard): The position decreased by 504, a 0.78% reduction.
• IWF (iShares Core Growth ETF): Shares were down significantly, decreasing by over 136 thousand.

Purchases and Increases

While the investor was active in selling large positions, their buying activity during Q2 2026 appeared more modest:

• BANK OF AMER CORP (BAC): The position saw a reduction of 13,014 shares (-13.01%), but the allocation percentage remained low at 0.71%.
• SUSC (iShares Core Small Cap Growth ETF): Shares increased by 14,434, a substantial 30.95% increase in value.
• SCHM (Schwab U.S. Small Cap Growth ETF): Shares decreased by 23,731.
• ZOETIS INC (ZTS): The healthcare stock saw a significant increase in shares (+12,418) and value (+35.62%), boosting its allocation to 0.39%.
• VUG (Vanguard Health Sector ETF): This position saw a dramatic increase of over 12,409 shares (+524.2%), adding 0.12% allocation.
• SCHF (Schwab U.S. Small Cap ETF): Shares decreased by 9,425, a small 2.17% reduction.
• NETFLIX INC (NFLX): The position increased significantly (+9,171) shares and value (+78.59%), adding 0.17% allocation.
• CVS HEALTH CORP (CVS): Shares decreased by 8,617, a 17.69% reduction in value.
• ISHARES GOLD TR (IAU): This position remained unchanged from the previous quarter's allocation percentage but saw an increase of 6,263 shares.
• LENNAR CORP (LEN): The position increased by 100% (+57,534) adding a very small allocation of 0.06%.
• ISHARES INC (ESGE): Shares increased by 19,287, boosting its value and allocation percentage slightly.

The overall portfolio for Vision Capital Management Inc. saw a total reduction of approximately $46 million during Q2 2026, as indicated by the changes in share counts across all positions listed under 'changed_holdings'. This quarter's activity resulted in an increase in holdings count to 153 and a decrease in position count due to exits.