13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q4 2016. See the latest, Q3 2026 →
Reported value
$15.59B
−6.9% on the quarter before
Positions
1,034
134 new · 68 sold out
Top 10
39.5%
of the value
Est. gain
−$464.5M
on stocks held all quarter
Est. return
−3.3%
on those stocks since Q3 2016
Positions as of Dec 31, 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 Q3 2016. Striped tiles are options.
Largest buys
Since Q3 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.
- Ventas~$263.4MAdded · 1.7% → 3.3%+4,212,828 shares
- Vornado Rlty Tr ~$206.3MAdded · 1.3% → 2.8%+1,976,928 shares
- Hudson Pac Pptys~$134.5MAdded · 0.1% → 1.0%+3,866,231 shares
- Avalonbay Cmntys~$132.2MAdded · 0.0% → 0.9%+746,005 shares
- Sl Green Rlty~$96.1MAdded · 2.4% → 3.1%+893,493 shares
- Federal Realty Invt Tr~$90.4MAdded · 0.6% → 1.2%+636,296 shares
- Cousins Pptys~$89.5MAdded · 0.4% → 1.0%+10,513,311 shares
- Essex Ppty Tr~$57.5MAdded · 2.8% → 3.5%+247,507 shares
- Xilinx Inc ~$47.4MAdded · 0.6% → 1.0%+22,540,000 shares
- Extra Space Storage~$43.6MAdded · 2.0% → 2.4%+564,378 shares
Largest sells
Since Q3 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.
- Simon Ppty Group Inc~$326.6MCut · 10.2% → 7.3%−1,837,980 shares
- General Growth Pptys Inc~$296.9MCut · 2.0% → 0.0%−11,887,504 shares
- Camden Ppty Tr~$168.8MCut · 2.2% → 1.2%−2,008,253 shares
- Prologis~$167.8MCut · 5.1% → 4.4%−3,177,844 shares
- Host Hotels & Resorts~$119.9MCut · 2.4% → 2.4%−6,364,767 shares
- Omega Healthcare Invs~$117.1MCut · 0.8% → 0.0%−3,746,475 shares
- Kilroy Rlty~$84.2MCut · 2.3% → 2.1%−1,150,587 shares
- Apartment Invt & Mgmt~$81.3MCut · 2.3% → 1.9%−1,787,819 shares
- Retail Pptys Amer~$80.9MCut · 0.6% → 0.1%−5,274,235 shares
- Hcp~$74.0MCut · 3.7% → 2.6%−2,489,386 shares
Holdings
As of Dec 31, 2016. Changes are in shares against Sep 30, 2016, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Simon Ppty Group IncCOM · shares −22% · price −14.2% | 7.3% | $1.14B | −$188.0M | ||||||||
| EquinixCOM PAR $0.001 · shares −7.5% · price −0.8% | 4.5% | $708.6M | −$5.6M | ||||||||
| PrologisCOM · shares −20% · price −1.4% | 4.4% | $680.9M | −$9.7M | ||||||||
| UdrCOM · shares −0.2% · price +1.4% | 4.2% | $648.6M | +$8.7M | ||||||||
| Digital RealtyCOM · shares +6.3% · price +1.2% | 3.5% | $552.6M | +$6.0M | ||||||||
| Essex Ppty TrCOM · shares +12% · price +4.4% | 3.5% | $542.8M | +$20.5M | ||||||||
| VentasCOM · shares +107% · price −11.5% | 3.3% | $508.6M | −$31.8M | ||||||||
| Sl Green RltyCOM · shares +24% · price −0.5% | 3.1% | $489.9M | −$2.0M | ||||||||
| Equity Residential ShBEN INT · shares +1.9% · price +0.0% | 2.9% | $456.7M | +$209,414 | ||||||||
| Vornado Rlty Tr SH BEN INT · shares +93% · price +3.1% | 2.8% | $429.0M | +$6.7M | ||||||||
| HcpCOM · shares −15% · price −21.7% | 2.6% | $406.9M | −$112.7M | ||||||||
| Brixmor Ppty GroupCOM · shares −8.7% · price −12.1% | 2.5% | $387.3M | −$53.4M | ||||||||
| Host Hotels & ResortsCOM · shares −24% · price +21.0% | 2.4% | $375.0M | +$65.1M | ||||||||
| Extra Space StorageCOM · shares +13% · price −2.7% | 2.4% | $370.0M | −$9.2M | ||||||||
| Alexandria Real Estate EqCOM · shares +9.2% · price +2.2% | 2.4% | $369.8M | +$7.2M | ||||||||
| Kilroy RltyCOM · shares −20% · price +5.6% | 2.1% | $330.2M | +$17.5M | ||||||||
| Apartment Invt & MgmtCL A · shares −21% · price −1.0% | 1.9% | $297.5M | −$3.0M | ||||||||
| Sun CmntysCOM · shares +12% · price −2.4% | 1.9% | $297.0M | −$6.5M | ||||||||
| Spirit Rlty Cap IncCOM · shares +6.6% · price −18.5% | 1.9% | $289.3M | −$61.7M | ||||||||
| Crown Castle Intl CorpCOM · shares +13% · price −7.9% | 1.7% | $267.1M | −$20.3M | ||||||||
| DdrCOM · shares −1.4% · price −12.4% | 1.6% | $250.4M | −$35.4M | ||||||||
| Healthcare Tr Amer IncCL A NEW · shares +19% · price −10.8% | 1.6% | $249.2M | −$25.3M | ||||||||
| Douglas EmmettCOM · shares +2.2% · price −0.2% | 1.5% | $237.2M | −$443,063 | ||||||||
| Sunstone Hotel Invs IncCOM · shares −13% · price +19.2% | 1.5% | $236.8M | +$38.2M | ||||||||
| Education Rlty TrCOM NEW · shares −1.5% · price −1.9% | 1.4% | $220.4M | −$4.4M | ||||||||
| Total · 1,034 positions | 100% | $15.59B | −$464.5M |
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 Q3 2016 to Q4 2016: 893 stocks held throughout, down $464.5M (−3.3%).
- Host Hotels & Resorts+$65.1M+21%
- Sunstone Hotel Invs Inc+$38.2M+19%
- Essex Ppty Tr+$20.5M+4%
- Kilroy Rlty+$17.5M+6%
- Pebblebrook Hotel+$13.7M+12%
- Ddr−$35.4M−12%
- Brixmor Ppty Group−$53.4M−12%
- Spirit Rlty Cap Inc−$61.7M−19%
- Hcp−$112.7M−22%
- Simon Ppty Group Inc−$188.0M−14%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 2 splits 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 ↗ |