13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q3 2018. See the latest, Q3 2026 →
Reported value
$11.94B
−5.9% on the quarter before
Positions
1,164
31 new · 51 sold out
Top 10
33.7%
of the value
Est. gain
+$170.3M
on stocks held all quarter
Est. return
+1.9%
on those stocks since Q2 2018
Positions as of Sep 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 Q2 2018. Striped tiles are options.
Largest buys
Since Q2 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.
- Welltower~$280.2MAdded · 0.9% → 3.4%+4,356,570 shares
- Hcp~$233.5MAdded · 0.0% → 2.0%+8,870,358 shares
- Life Storage~$138.0MAdded · 0.0% → 1.2%+1,449,714 shares
- Cyrusone~$136.1MAdded · 0.1% → 1.3%+2,146,941 shares
- Essex Ppty Tr~$101.5MAdded · 3.2% → 4.3%+411,401 shares
- Vornado Rlty~$86.8MAdded · 0.0% → 0.7%+1,188,430 shares
- Regency Ctrs~$66.8MAdded · 1.6% → 2.3%+1,032,217 shares
- Invitation Homes~$59.4MAdded · 1.4% → 1.9%+2,594,695 shares
- Pebblebrook Hotel~$52.1MAdded · 1.0% → 1.4%+1,431,575 shares
- Vici Pptys~$37.3MAdded · 0.9% → 1.3%+1,727,030 shares
Largest sells
Since Q2 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.
- Boston Properties~$231.8MCut · 3.8% → 2.1%−1,882,855 shares
- Host Hotels & Resorts~$189.6MCut · 1.8% → 0.3%−8,984,253 shares
- Healthcare Tr Amer Inc~$154.9MCut · 2.7% → 1.6%−5,807,128 shares
- Crown Castle Intl Corp~$153.3MCut · 3.8% → 2.9%−1,377,069 shares
- Digital Realty~$147.8MCut · 4.8% → 4.0%−1,314,336 shares
- Ddr~$127.9MSold out · 1.0% → 0.0%−8,654,238 shares
- Ventas~$91.9MCut · 0.8% → 0.0%−1,690,325 shares
- Ggp~$90.5MSold out · 0.7% → 0.0%−4,429,817 shares
- Equity Residential~$83.1MCut · 1.3% → 0.8%−1,254,628 shares
- Geo Group Inc~$70.3MCut · 0.6% → 0.0%−2,795,736 shares
Holdings
As of Sep 30, 2018. Changes are in shares against Jun 30, 2018, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| UdrCOM · shares +6.8% · price +7.7% | 4.3% | $518.8M | +$34.7M | ||||||||
| Essex Ppty TrCOM · shares +24% · price +3.2% | 4.3% | $516.8M | +$12.9M | ||||||||
| Digital RealtyCOM · shares −24% · price +0.8% | 4.0% | $472.6M | +$3.8M | ||||||||
| EquinixCOM PAR $0.001 · shares −11% · price +0.7% | 3.6% | $426.5M | +$3.0M | ||||||||
| WelltowerCOM · shares +228% · price +2.6% | 3.4% | $403.1M | +$3.1M | ||||||||
| PrologisCOM · shares +1.4% · price +3.2% | 3.1% | $369.7M | +$11.3M | ||||||||
| Simon Ppty Group IncCOM · shares −4.3% · price +3.9% | 3.1% | $364.2M | +$13.5M | ||||||||
| Crown Castle Intl CorpCOM · shares −31% · price +3.3% | 2.9% | $349.0M | +$11.0M | ||||||||
| Apartment Invt & MgmtCL A · shares +3.1% · price +4.3% | 2.8% | $329.7M | +$13.3M | ||||||||
| Sun CmntysCOM · shares −9.5% · price +3.7% | 2.3% | $278.0M | +$10.0M | ||||||||
| Regency CtrsCOM · shares +32% · price +4.2% | 2.3% | $277.6M | +$8.4M | ||||||||
| Boston PropertiesCOM · shares −48% · price −1.9% | 2.1% | $247.3M | −$4.7M | ||||||||
| HcpCOM · shares +8,305% · price +1.9% | 2.0% | $236.3M | +$53,238 | ||||||||
| Kilroy RltyCOM · shares −14% · price −5.2% | 2.0% | $235.4M | −$13.0M | ||||||||
| Invitation HomesCOM · shares +35% · price −0.7% | 1.9% | $231.3M | −$1.1M | ||||||||
| Extra Space StorageCOM · shares −17% · price −13.2% | 1.9% | $222.1M | −$33.8M | ||||||||
| Healthcare Tr Amer IncCL A NEW · shares −45% · price −1.1% | 1.6% | $185.5M | −$2.0M | ||||||||
| Duke RealtyCOM NEW · shares −10% · price −2.3% | 1.5% | $184.0M | −$4.3M | ||||||||
| National Retail PptysCOM · shares −4.2% · price +2.0% | 1.5% | $183.2M | +$3.5M | ||||||||
| Pebblebrook HotelCOM · shares +43% · price −6.3% | 1.4% | $172.2M | −$8.0M | ||||||||
| Hudson Pac PptysCOM · shares −5.5% · price −7.6% | 1.4% | $165.0M | −$13.7M | ||||||||
| Vici PptysCOM · shares +31% · price +4.7% | 1.3% | $157.9M | +$5.5M | ||||||||
| CyrusoneCOM · shares +665% · price +8.6% | 1.3% | $156.6M | +$1.6M | ||||||||
| Omega Healthcare InvsCOM · shares −7.5% · price +5.7% | 1.3% | $152.6M | +$8.2M | ||||||||
| Federal Realty InvtTR SH BEN INT NEW · shares −0.4% · price −0.1% | 1.2% | $148.6M | −$94,815 | ||||||||
| Total · 1,164 positions | 100% | $11.94B | +$170.3M |
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 2018 to Q3 2018: 1,073 stocks held throughout, up $170.3M (+1.9%).
- Udr+$34.7M+8%
- Lamar Advertising Co+$15.7M+14%
- Simon Ppty Group Inc+$13.5M+4%
- Apartment Invt & Mgmt+$13.3M+4%
- Essex Ppty Tr+$12.9M+3%
- Douglas Emmett−$9.3M−6%
- Kilroy Rlty−$13.0M−5%
- Hudson Pac Pptys−$13.7M−8%
- Cubesmart−$14.4M−11%
- Extra Space Storage−$33.8M−13%
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 ↗ |