13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q2 2018. See the latest, Q3 2026 →
Reported value
$12.70B
+1.7% on the quarter before
Positions
1,184
70 new · 55 sold out
Top 10
33.8%
of the value
Est. gain
+$537.6M
on stocks held all quarter
Est. return
+5.5%
on those stocks since Q1 2018
Positions as of Jun 30, 2018, 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, 57% of the reported value, each sized by its share, colored by what the fund did with it since Q1 2018. Striped tiles are options.
Largest buys
Since Q1 2018, 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.
- Ddr~$127.9MNew · 0.0% → 1.0%+8,654,238 shares
- Welltower~$115.3MAdded · 0.0% → 0.9%+1,839,398 shares
- Vici Pptys~$115.1MNew · 0.0% → 0.9%+5,575,176 shares
- Vereit~$111.3MAdded · 0.0% → 0.9%+14,958,383 shares
- Ventas~$96.8MAdded · 0.0% → 0.8%+1,698,907 shares
- Boston Properties~$89.7MAdded · 3.1% → 3.8%+715,086 shares
- Essex Ppty Tr~$84.0MAdded · 2.6% → 3.2%+351,324 shares
- Brixmor Ppty Group~$70.9MAdded · 0.0% → 0.6%+4,066,640 shares
- Citrix Sys Inc~$50.9MNew · 0.0% → 0.4%+35,000,000 shares
- Omega Healthcare Invs~$47.6MAdded · 0.8% → 1.2%+1,536,523 shares
Largest sells
Since Q1 2018, 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~$192.7MCut · 2.8% → 1.3%−3,025,110 shares
- Ggp~$167.6MCut · 2.1% → 0.7%−8,203,086 shares
- Ddr~$124.0MSold out · 1.0% → 0.0%−16,916,799 shares
- Kilroy Rlty~$96.2MCut · 2.9% → 2.3%−1,271,502 shares
- Empire St Rlty Tr~$93.3MCut · 1.1% → 0.3%−5,453,316 shares
- Epr Pptys Com~$64.8MCut · 1.7% → 1.4%−999,860 shares
- Cousins Pptys~$56.2MCut · 1.6% → 1.3%−5,803,235 shares
- Education Rlty Tr~$48.6MCut · 0.7% → 0.5%−1,170,725 shares
- Duke Realty~$44.4MCut · 1.9% → 1.7%−1,530,496 shares
- Sunstone Hotel Invs Inc~$41.2MCut · 1.6% → 1.4%−2,476,645 shares
Holdings
As of Jun 30, 2018. Changes are in shares against Mar 31, 2018, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Digital RealtyCOM · shares −4.7% · price +5.9% | 4.8% | $615.5M | +$34.2M | ||||||||
| Boston PropertiesCOM · shares +23% · price +1.8% | 3.8% | $488.1M | +$7.0M | ||||||||
| Crown Castle Intl CorpCOM · shares +2.0% · price −1.6% | 3.8% | $486.5M | −$7.9M | ||||||||
| EquinixCOM PAR $0.001 · shares −3.6% · price +2.8% | 3.7% | $474.2M | +$13.0M | ||||||||
| UdrCOM · shares −4.9% · price +5.4% | 3.6% | $451.2M | +$23.1M | ||||||||
| Essex Ppty TrCOM · shares +26% · price −0.7% | 3.2% | $402.5M | −$2.1M | ||||||||
| Simon Ppty Group IncCOM · shares +4.6% · price +10.3% | 2.9% | $366.6M | +$32.6M | ||||||||
| PrologisCOM · shares +2.8% · price +4.3% | 2.8% | $353.3M | +$14.1M | ||||||||
| Healthcare Tr Amer IncCL A NEW · shares +2.0% · price +1.9% | 2.7% | $344.1M | +$6.4M | ||||||||
| Extra Space StorageCOM · shares −7.2% · price +14.3% | 2.4% | $308.8M | +$38.5M | ||||||||
| Apartment Invt & MgmtCL A · shares +0.1% · price +3.8% | 2.4% | $306.6M | +$11.2M | ||||||||
| Sun CmntysCOM · shares −6.9% · price +7.1% | 2.3% | $296.2M | +$19.7M | ||||||||
| Kilroy RltyCOM · shares −25% · price +6.6% | 2.3% | $288.8M | +$17.9M | ||||||||
| Host Hotels & ResortsCOM · shares −14% · price +13.0% | 1.8% | $224.4M | +$25.9M | ||||||||
| Douglas EmmettCOM · shares −5.5% · price +9.3% | 1.7% | $214.6M | +$18.3M | ||||||||
| Duke RealtyCOM NEW · shares −17% · price +9.6% | 1.7% | $210.1M | +$18.5M | ||||||||
| Regency CtrsCOM · shares +0.1% · price +5.3% | 1.6% | $202.4M | +$10.1M | ||||||||
| Hudson Pac PptysCOM · shares −11% · price +8.9% | 1.5% | $189.0M | +$15.5M | ||||||||
| National Retail PptysCOM · shares +0.3% · price +12.0% | 1.5% | $187.6M | +$20.0M | ||||||||
| Epr Pptys ComSH BEN INT · shares −26% · price +16.9% | 1.4% | $183.9M | +$26.6M | ||||||||
| Sunstone Hotel Invs IncCOM · shares −19% · price +9.2% | 1.4% | $176.4M | +$14.9M | ||||||||
| Invitation HomesCOM · shares +0.7% · price +1.0% | 1.4% | $173.0M | +$1.7M | ||||||||
| Equity ResidentialSH BEN INT · shares −53% · price +3.4% | 1.3% | $168.0M | +$5.5M | ||||||||
| CubesmartCOM · shares −16% · price +14.3% | 1.3% | $167.3M | +$20.9M | ||||||||
| Cousins PptysCOM · shares −26% · price +11.6% | 1.3% | $160.4M | +$16.7M | ||||||||
| Total · 1,184 positions | 100% | $12.70B | +$537.6M |
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 2018 to Q2 2018: 1,035 stocks held throughout, up $537.6M (+5.5%).
- Extra Space Storage+$38.5M+14%
- Digital Realty+$34.2M+6%
- Simon Ppty Group Inc+$32.6M+10%
- Epr Pptys Com+$26.6M+17%
- Host Hotels & Resorts+$25.9M+13%
- Gogo−$2.2M−44%
- Petroleo Brasileiro Sa Petro−$2.5M−32%
- Banco Bradesco S A−$3.0M−36%
- Itau Unibanco Hldg Sa−$3.8M−33%
- Crown Castle Intl Corp−$7.9M−2%
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 ↗ |