13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q1 2017. See the latest, Q3 2026 →
Reported value
$15.91B
+2.1% on the quarter before
Positions
987
67 new · 114 sold out
Top 10
35.1%
of the value
Est. gain
+$124.9M
on stocks held all quarter
Est. return
+1.0%
on those stocks since Q4 2016
Positions as of Mar 31, 2017, 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
The 24 largest positions, 61% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2016. Striped tiles are options.
Largest buys
Since Q4 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.
- Avalonbay Cmntys~$333.5MAdded · 0.9% → 3.0%+1,816,302 shares
- Public~$232.8MAdded · 1.4% → 2.8%+1,063,521 shares
- Duke Realty~$161.0MAdded · 0.0% → 1.0%+6,129,141 shares
- Geo Group Inc~$110.4MAdded · 0.0% → 0.7%+2,380,937 shares
- Colony Starwood~$96.6MAdded · 0.0% → 0.6%+2,844,074 shares
- Corecivic~$84.5MAdded · 0.0% → 0.5%+2,687,992 shares
- Lamar Advertising Co~$84.3MNew · 0.0% → 0.5%+1,128,023 shares
- Invitation Homes~$66.0MNew · 0.0% → 0.4%+3,023,923 shares
- Outfront Media~$60.4MNew · 0.0% → 0.4%+2,275,237 shares
- Vornado Rlty~$58.5MAdded · 2.8% → 3.0%+582,843 shares
Largest sells
Since Q4 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~$226.2MCut · 2.9% → 1.4%−3,635,847 shares
- Prologis~$220.9MCut · 4.4% → 2.8%−4,258,799 shares
- Simon Ppty Group Inc~$217.2MCut · 7.3% → 5.6%−1,262,680 shares
- Camden Ppty Tr~$184.2MCut · 1.2% → 0.0%−2,288,673 shares
- Ventas~$175.5MCut · 3.3% → 2.2%−2,698,996 shares
- Ddr~$146.8MCut · 1.6% → 0.4%−11,719,325 shares
- Hcp~$117.9MCut · 2.6% → 2.0%−3,768,084 shares
- Digital Realty~$108.1MCut · 3.5% → 3.1%−1,016,357 shares
- Alexandria Real Estate Eq~$92.5MCut · 2.4% → 1.7%−836,702 shares
- Equinix~$48.8MCut · 4.5% → 4.7%−121,936 shares
Holdings
As of Mar 31, 2017. Changes are in shares against Dec 31, 2016, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Simon Ppty Group IncCOM · shares −20% · price −3.2% | 5.6% | $884.9M | −$29.0M | ||||||||
| EquinixCOM PAR $0.001 · shares −6.2% · price +12.0% | 4.7% | $744.9M | +$79.9M | ||||||||
| UdrCOM · shares −3.3% · price −0.6% | 3.9% | $623.3M | −$3.8M | ||||||||
| Essex Ppty TrCOM · shares +0.7% · price −0.4% | 3.4% | $544.3M | −$2.3M | ||||||||
| Digital RealtyCOM · shares −18% · price +8.3% | 3.1% | $490.2M | +$37.5M | ||||||||
| Avalonbay CmntysCOM · shares +236% · price +3.6% | 3.0% | $474.7M | +$5.0M | ||||||||
| Vornado RltyTR SH BEN INT · shares +14% · price −3.9% | 3.0% | $470.8M | −$16.7M | ||||||||
| Sl Green RltyCOM · shares −5.7% · price −0.9% | 2.9% | $458.0M | −$4.0M | ||||||||
| PrologisCOM · shares −33% · price −1.7% | 2.8% | $448.2M | −$7.9M | ||||||||
| PublicCOM · shares +110% · price −2.1% | 2.8% | $445.3M | −$4.5M | ||||||||
| Host Hotels & ResortsCOM · shares +11% · price −1.0% | 2.6% | $411.5M | −$3.6M | ||||||||
| Extra Space StorageCOM · shares +11% · price −3.7% | 2.5% | $396.3M | −$13.7M | ||||||||
| VentasCOM · shares −33% · price +4.0% | 2.2% | $353.5M | +$13.7M | ||||||||
| Brixmor Ppty GroupCOM · shares −2.5% · price −12.1% | 2.1% | $331.9M | −$45.8M | ||||||||
| Kilroy RltyCOM · shares −2.6% · price −1.6% | 2.0% | $316.6M | −$5.0M | ||||||||
| HcpCOM · shares −28% · price +5.2% | 2.0% | $310.4M | +$15.5M | ||||||||
| Sun CmntysCOM · shares −2.1% · price +4.9% | 1.9% | $304.9M | +$14.1M | ||||||||
| Alexandria Real Estate EqCOM · shares −25% · price −0.5% | 1.7% | $275.3M | −$1.5M | ||||||||
| Apartment Invt & MgmtCL A · shares −11% · price −2.4% | 1.6% | $259.6M | −$6.4M | ||||||||
| Crown Castle Intl CorpCOM · shares −12% · price +8.9% | 1.6% | $256.9M | +$20.9M | ||||||||
| Spirit Rlty Cap IncCOM · shares −6.8% · price −6.7% | 1.6% | $251.4M | −$18.1M | ||||||||
| Healthcare Tr Amer IncCL A NEW · shares −8.9% · price +8.1% | 1.5% | $245.3M | +$18.3M | ||||||||
| Sunstone Hotel Invs IncCOM · shares +1.2% · price +0.5% | 1.5% | $241.0M | +$1.2M | ||||||||
| Douglas EmmettCOM · shares −6.8% · price +5.0% | 1.5% | $232.1M | +$11.1M | ||||||||
| Equity ResidentialSH BEN INT · shares −51% · price −3.3% | 1.4% | $215.3M | −$7.4M | ||||||||
| Total · 987 positions | 100% | $15.91B | +$124.9M |
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 Q4 2016 to Q1 2017: 910 stocks held throughout, up $124.9M (+1.0%).
- Equinix+$79.9M+12%
- Digital Realty+$37.5M+8%
- Crown Castle Intl Corp+$20.9M+9%
- Healthcare Tr Amer Inc+$18.3M+8%
- American Homes 4+$17.3M+9%
- Extra Space Storage−$13.7M−4%
- Vornado Rlty−$16.7M−4%
- Spirit Rlty Cap Inc−$18.1M−7%
- Simon Ppty Group Inc−$29.0M−3%
- Brixmor Ppty Group−$45.8M−12%
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 ↗ |