13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q2 2017. See the latest, Q3 2026 →
Reported value
$15.47B
−2.7% on the quarter before
Positions
1,000
66 new · 53 sold out
Top 10
34.7%
of the value
Est. gain
+$246.7M
on stocks held all quarter
Est. return
+1.9%
on those stocks since Q1 2017
Positions as of Jun 30, 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, 62% of the reported value, each sized by its share, colored by what the fund did with it since Q1 2017. Striped tiles are options.
Largest buys
Since Q1 2017, 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.
- Epr Pptys Com Sh~$197.9MAdded · 0.0% → 1.3%+2,752,922 shares
- Regency Ctrs~$175.3MAdded · 1.1% → 2.2%+2,799,040 shares
- Dupont Fabros Technology~$108.1MAdded · 0.2% → 1.0%+1,767,028 shares
- Crown Castle Intl Corp~$101.9MAdded · 1.6% → 2.4%+1,017,085 shares
- Federal Realty Invt Tr~$85.6MAdded · 1.3% → 1.8%+677,382 shares
- Healthcare Tr Amer Inc~$80.5MAdded · 1.5% → 2.1%+2,586,706 shares
- American Campus Cmntys~$72.9MAdded · 1.0% → 1.5%+1,541,548 shares
- Geo Group Inc~$58.4MAdded · 0.7% → 0.8%+1,975,389 shares
- Duke Realty~$53.0MAdded · 1.0% → 1.5%+1,894,749 shares
- Microchip Technology~$47.2MAdded · 0.0% → 0.4%+31,500,000 shares
Largest sells
Since Q1 2017, 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.
- Public~$258.4MCut · 2.8% → 1.1%−1,239,042 shares
- Spirit Rlty Cap Inc~$183.7MCut · 1.6% → 0.0%−24,770,952 shares
- Alexandria Real Estate Eq~$165.9MCut · 1.7% → 0.9%−1,376,858 shares
- Xilinx Inc~$156.0MSold out · 1.0% → 0.0%−77,248,000 shares
- Store Cap~$127.5MCut · 0.9% → 0.0%−5,683,812 shares
- Equinix~$119.3MCut · 4.7% → 4.4%−277,928 shares
- Apartment Invt & Mgmt~$113.8MCut · 1.6% → 0.9%−2,647,520 shares
- Prologis~$93.3MCut · 2.8% → 2.7%−1,591,702 shares
- Extra Space Storage~$78.8MCut · 2.5% → 2.2%−1,009,693 shares
- Brixmor Ppty Group~$73.9MCut · 2.1% → 1.3%−4,133,361 shares
Holdings
As of Jun 30, 2017. Changes are in shares against Mar 31, 2017, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Simon Ppty Group IncCOM · shares +3.2% · price −6.0% | 5.5% | $858.7M | −$52.8M | ||||||||
| EquinixPAR $0.001 · shares −15% · price +7.2% | 4.4% | $679.2M | +$45.6M | ||||||||
| UdrCOM · shares −6.9% · price +7.5% | 4.0% | $623.9M | +$43.4M | ||||||||
| Essex Ppty TrCOM · shares −4.2% · price +11.1% | 3.7% | $579.6M | +$58.0M | ||||||||
| Avalonbay CmntysCOM · shares +7.3% · price +4.7% | 3.4% | $533.1M | +$22.2M | ||||||||
| Digital RealtyCOM · shares −0.7% · price +6.2% | 3.3% | $516.9M | +$30.0M | ||||||||
| PrologisCOM · shares −18% · price +13.0% | 2.7% | $413.3M | +$47.6M | ||||||||
| Host Hotels & ResortsCOM · shares −1.8% · price −2.1% | 2.6% | $395.8M | −$8.4M | ||||||||
| Vornado Rlty TrSH BEN INT · shares −12% · price −6.4% | 2.5% | $387.7M | −$26.5M | ||||||||
| Sl Green RltyCOM · shares −15% · price −0.8% | 2.5% | $386.4M | −$3.0M | ||||||||
| Crown Castle Intl CorpCOM · shares +37% · price +6.1% | 2.4% | $374.4M | +$15.6M | ||||||||
| Kilroy RltyCOM · shares +6.5% · price +4.3% | 2.3% | $351.6M | +$13.5M | ||||||||
| Sun CmntysCOM · shares +2.8% · price +9.2% | 2.2% | $342.3M | +$27.9M | ||||||||
| VentasCOM · shares −10% · price +6.8% | 2.2% | $339.7M | +$21.7M | ||||||||
| HcpCOM · shares +6.9% · price +2.2% | 2.2% | $339.1M | +$6.7M | ||||||||
| Extra Space StorageCOM · shares −19% · price +4.9% | 2.2% | $336.8M | +$15.6M | ||||||||
| Regency CtrsCOM · shares +110% · price −5.6% | 2.2% | $335.1M | −$9.6M | ||||||||
| Healthcare Tr Amer IncCL A NEW · shares +33% · price −1.1% | 2.1% | $323.0M | −$2.7M | ||||||||
| Federal Realty Invt TrSH BEN INT NEW · shares +44% · price −5.3% | 1.8% | $278.2M | −$10.8M | ||||||||
| Equity ResidentialSH BEN INT · shares +4.4% · price +5.8% | 1.5% | $237.8M | +$12.5M | ||||||||
| Sunstone Hotel Invs IncCOM · shares −6.4% · price +5.2% | 1.5% | $237.2M | +$11.6M | ||||||||
| Douglas EmmettCOM · shares +2.2% · price −0.5% | 1.5% | $236.1M | −$1.1M | ||||||||
| Highwoods PptysCOM · shares +5.4% · price +3.2% | 1.5% | $228.4M | +$6.8M | ||||||||
| American Campus CmntysCOM · shares +47% · price −0.6% | 1.5% | $227.0M | −$945,037 | ||||||||
| Duke RealtyCOM NEW · shares +30% · price +6.4% | 1.5% | $226.7M | +$10.4M | ||||||||
| Total · 1,000 positions | 100% | $15.47B | +$246.7M |
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 Q1 2017 to Q2 2017: 924 stocks held throughout, up $246.7M (+1.9%).
- Essex Ppty Tr+$58.0M+11%
- Prologis+$47.6M+13%
- Equinix+$45.6M+7%
- Udr+$43.4M+7%
- Digital Realty+$30.0M+6%
- National Retail Pptys−$16.4M−10%
- Vornado Rlty Tr−$26.5M−6%
- Geo Group Inc−$40.1M−36%
- Brixmor Ppty Group−$40.6M−17%
- Simon Ppty Group Inc−$52.8M−6%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.
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 ↗ |