13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q3 2016. See the latest, Q3 2026 →
Reported value
$16.75B
+0.1% on the quarter before
Positions
968
89 new · 57 sold out
Top 10
41.3%
of the value
Est. gain
−$184.2M
on stocks held all quarter
Est. return
−1.2%
on those stocks since Q2 2016
Positions as of Sep 30, 2016, from Daiwa Securities Group Inc.'s 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
Each tile is a position, sized by its share, colored by what the fund did with it since Q2 2016. Striped tiles are options.
Largest buys
Since Q2 2016, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Equity Residential~$197.4MAdded · 1.6% → 2.7%+3,068,125 shares
- American Homes 4~$188.2MAdded · 0.0% → 1.1%+8,695,742 shares
- Ventas~$182.7MAdded · 0.6% → 1.7%+2,587,039 shares
- Camden Ppty Tr~$142.1MAdded · 1.4% → 2.2%+1,697,422 shares
- Sunstone Hotel Invs Inc~$132.8MAdded · 0.5% → 1.4%+10,386,700 shares
- Pebblebrook Hotel~$115.7MAdded · 0.0% → 0.7%+4,349,464 shares
- Empire St Rlty Tr~$109.0MAdded · 0.0% → 0.7%+5,201,541 shares
- Equinix~$68.6MAdded · 4.5% → 4.6%+190,418 shares
- Xilinx Inc~$66.0MAdded · 0.1% → 0.6%+35,000,000 shares
- Alexandria Real Estate Eq~$55.3MAdded · 1.6% → 2.0%+507,953 shares
Largest sells
Since Q2 2016, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Vornado Rlty Tr~$230.9MCut · 2.6% → 1.3%−2,281,322 shares
- Welltower~$225.9MCut · 1.7% → 0.3%−3,021,178 shares
- Omega Healthcare Invs~$159.9MCut · 1.7% → 0.8%−4,510,750 shares
- General Growth Pptys Inc~$144.1MCut · 3.1% → 2.0%−5,221,855 shares
- Cubesmart~$127.7MCut · 1.1% → 0.2%−4,685,999 shares
- Verisign Inc~$63.0MCut · 0.6% → 0.1%−27,500,000 shares
- Ddr~$61.3MCut · 2.2% → 1.7%−3,518,451 shares
- Retail Pptys Amer~$59.7MCut · 1.0% → 0.6%−3,553,501 shares
- Highwoods Pptys~$56.0MCut · 1.1% → 0.8%−1,074,890 shares
- Nvidia~$46.7MSold out · 0.3% → 0.0%−20,000,000 shares
Holdings
As of Sep 30, 2016. Changes are in shares against Jun 30, 2016, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Simon Ppty Group IncCOM · shares −0.6% · price −4.6% | 10.2% | $1.71B | −$81.5M | ||||||||
| PrologisCOM · shares +4.1% · price +9.2% | 5.1% | $860.7M | +$69.5M | ||||||||
| EquinixPAR $0.001 · shares +9.8% · price −7.1% | 4.6% | $772.2M | −$53.7M | ||||||||
| UdrCOM · shares +5.3% · price −2.5% | 3.8% | $640.9M | −$15.7M | ||||||||
| HcpCOM · shares −2.6% · price +7.3% | 3.7% | $614.1M | +$41.6M | ||||||||
| Digital RealtyCOM · shares +12% · price −10.9% | 3.1% | $513.9M | −$56.2M | ||||||||
| Brixmor Ppty GroupCOM · shares +6.6% · price +5.0% | 2.9% | $482.8M | +$21.7M | ||||||||
| Essex Ppty TrCOM · shares +0.08% · price −2.4% | 2.8% | $464.8M | −$11.2M | ||||||||
| Equity ResidentialSH BEN INT · shares +79% · price −6.6% | 2.7% | $447.9M | −$17.7M | ||||||||
| Host Hotels & ResortsCOM · shares −2.2% · price −3.9% | 2.4% | $409.0M | −$16.8M | ||||||||
| Sl Green RltyCOM · shares −7.4% · price +1.5% | 2.4% | $395.8M | +$6.0M | ||||||||
| Kilroy RltyCOM · shares −2.3% · price +4.6% | 2.3% | $392.6M | +$17.3M | ||||||||
| Apartment Invt & MgmtCL A · shares −4.1% · price +4.0% | 2.3% | $382.6M | +$14.6M | ||||||||
| Camden Ppty TrSH BEN INT · shares +65% · price −5.3% | 2.2% | $361.1M | −$12.2M | ||||||||
| Extra Space StorageCOM · shares +3.0% · price −14.2% | 2.0% | $335.6M | −$53.9M | ||||||||
| Spirit Rlty Cap IncCOM · shares +6.4% · price +4.4% | 2.0% | $333.2M | +$13.2M | ||||||||
| Alexandria Real Estate EqCOM · shares +20% · price +5.1% | 2.0% | $331.4M | +$13.3M | ||||||||
| General Growth Pptys IncCOM · shares −30% · price −7.4% | 2.0% | $330.3M | −$26.6M | ||||||||
| DdrCOM · shares −17% · price −3.9% | 1.7% | $289.9M | −$11.8M | ||||||||
| VentasCOM · shares +194% · price −3.0% | 1.7% | $277.0M | −$2.9M | ||||||||
| Sun CmntysCOM · shares +10% · price +2.4% | 1.6% | $272.4M | +$5.8M | ||||||||
| Crown Castle Intl CorpCOM · shares +21% · price −7.1% | 1.5% | $256.8M | −$16.3M | ||||||||
| Healthcare Tr Amer IncCL A NEW · shares −2.9% · price +0.9% | 1.4% | $235.3M | +$2.0M | ||||||||
| Douglas EmmettCOM · shares −9.1% · price +3.1% | 1.4% | $232.6M | +$7.0M | ||||||||
| Education Rlty TrCOM NEW · shares +3.8% · price −6.5% | 1.4% | $228.2M | −$15.3M | ||||||||
| Total · 968 positions | 100% | $16.75B | −$184.2M |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q2 2016 to Q3 2016: 867 stocks held throughout, down $184.2M (−1.2%).
- Prologis+$69.5M+9%
- Hcp+$41.6M+7%
- Brixmor Ppty Group+$21.7M+5%
- Kilroy Rlty+$17.3M+5%
- Apartment Invt & Mgmt+$14.6M+4%
- Public−$29.7M−13%
- Equinix−$53.7M−7%
- Extra Space Storage−$53.9M−14%
- Digital Realty−$56.2M−11%
- Simon Ppty Group Inc−$81.5M−5%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 1 split read into the share counts.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q3 2026 | Oct 29, 2026 | $53.60B+5% | SEC ↗ |
| Q2 2026 | Jul 31, 2026 | $51.14B+47% | SEC ↗ |
| Q1 2026 | May 13, 2026 | $34.78B+11% | SEC ↗ |
| Q4 2025 | Feb 11, 2026 | $31.30B+6% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $29.63B+9% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $27.09B+15% | SEC ↗ |
| Q1 2025 | May 13, 2025 | $23.65B+6% | SEC ↗ |
| Q4 2024 | Feb 7, 2025 | $22.39B+3% | SEC ↗ |
| Q3 2024 | Nov 12, 2024 | $21.65B+15% | SEC ↗ |
| Q2 2024 | Aug 7, 2024 | $18.80B+6% | SEC ↗ |
| Q1 2024 | May 2, 2024 | $17.72B+10% | SEC ↗ |
| Q4 2023 | Jan 31, 2024 | $16.08B+15% | SEC ↗ |
| Q3 2023 | Nov 1, 2023 | $14.04B−7% | SEC ↗ |
| Q2 2023 | Jul 31, 2023 | $15.12B+5% | SEC ↗ |
| Q1 2023 | May 2, 2023 | $14.38B+10% | SEC ↗ |
| Q4 2022 | Feb 6, 2023 | $13.02B+8% | SEC ↗ |
| Q3 2022 | Nov 2, 2022 | $12.04B−8% | SEC ↗ |
| Q2 2022 | Aug 9, 2022 | $13.09B−18% | SEC ↗ |
| Q1 2022 | Apr 29, 2022 | $15.95B−6% | SEC ↗ |
| Q4 2021 | Feb 3, 2022 | $17.00B+12% | SEC ↗ |
| Q3 2021 | Nov 5, 2021 | $15.21B+2% | SEC ↗ |
| Q2 2021 | Aug 6, 2021 | $14.85B+10% | SEC ↗ |
| Q1 2021 | May 3, 2021 | $13.44B+4% | SEC ↗ |
| Q4 2020 | Feb 4, 2021 | $12.94B+17% | SEC ↗ |
| Q3 2020 | Nov 2, 2020 | $11.04B+133% | SEC ↗ |
| Q2 2020 | Aug 11, 2020 | $4.74B−51% | SEC ↗ |
| Q1 2020 | May 14, 2020 | $9.64B−20% | SEC ↗ |
| Q4 2019 | Jan 31, 2020 | $12.12B+3% | SEC ↗ |
| Q3 2019 | Nov 4, 2019 | $11.80B+4% | SEC ↗ |
| Q2 2019 | Jul 24, 2019 | $11.32B−1% | SEC ↗ |
| Q1 2019 | Apr 26, 2019 | $11.45B+10% | SEC ↗ |
| Q4 2018 | Feb 5, 2019 | $10.42B−13% | SEC ↗ |
| Q3 2018 | Nov 1, 2018 | $11.94B−6% | SEC ↗ |
| Q2 2018 | Jul 30, 2018 | $12.70B+2% | SEC ↗ |
| Q1 2018 | May 2, 2018 | $12.49B−12% | SEC ↗ |
| Q4 2017 | Feb 6, 2018 | $14.14B−3% | SEC ↗ |
| Q3 2017 | Nov 2, 2017 | $14.60B−6% | SEC ↗ |
| Q2 2017 | Jul 28, 2017 | $15.47B−3% | SEC ↗ |
| Q1 2017 | May 2, 2017 | $15.91B+2% | SEC ↗ |
| Q4 2016 | Feb 1, 2017 | $15.59B−7% | SEC ↗ |
| Q3 2016 | Jan 10, 2017 (amended) | $16.75B+0% | SEC ↗ |
| Q2 2016 | Jul 25, 2016 | $16.73B+6% | SEC ↗ |
| Q1 2016 | May 12, 2016 | $15.83B | SEC ↗ |