13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q2 2019. See the latest, Q3 2026 →
Reported value
$11.32B
−1.1% on the quarter before
Positions
1,204
72 new · 49 sold out
Top 10
41.4%
of the value
Est. gain
+$234.0M
on stocks held all quarter
Est. return
+2.5%
on those stocks since Q1 2019
Positions as of Jun 30, 2019, 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, 63% of the reported value, each sized by its share, colored by what the fund did with it since Q1 2019. Striped tiles are options.
Largest buys
Since Q1 2019, 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.
- Host Hotels & Resorts~$95.6MAdded · 0.0% → 0.9%+5,245,854 shares
- Public~$81.4MAdded · 3.5% → 4.6%+341,718 shares
- Vici Pptys~$55.3MAdded · 1.8% → 2.3%+2,507,858 shares
- Macerich~$49.2MAdded · 0.9% → 1.2%+1,470,315 shares
- Equity Residential~$46.0MAdded · 0.6% → 1.0%+605,640 shares
- Vereit~$37.3MAdded · 2.0% → 2.5%+4,135,893 shares
- Extra Space Storage~$36.9MAdded · 3.0% → 3.5%+348,072 shares
- Simon Ppty Group Inc~$26.3MAdded · 1.4% → 1.5%+164,694 shares
- Workday~$26.2MNew · 0.0% → 0.2%+17,500,000 shares
- Workday~$20.5MAdded · 0.7% → 1.0%+8,120,000 shares
Largest sells
Since Q1 2019, 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.
- Digital Realty~$142.7MCut · 2.5% → 1.3%−1,211,593 shares
- American Tower~$113.7MCut · 1.2% → 0.2%−556,322 shares
- Life Storage~$103.8MCut · 0.9% → 0.0%−1,091,173 shares
- Cousins Pptys~$88.0MSold out · 0.8% → 0.0%−9,107,406 shares
- Hcp~$69.5MCut · 1.3% → 0.7%−2,172,702 shares
- Iron Mountain~$58.2MCut · 1.0% → 0.4%−1,859,738 shares
- Sba Communications Corp~$50.7MCut · 0.4% → 0.0%−225,334 shares
- Sun Cmntys~$40.6MCut · 2.6% → 2.5%−316,428 shares
- Equinix~$38.4MCut · 5.2% → 5.5%−76,172 shares
- Equity Lifestyle Pptys~$36.6MCut · 1.3% → 1.0%−301,951 shares
Holdings
As of Jun 30, 2019. Changes are in shares against Mar 31, 2019, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| EquinixCOM · shares −5.8% · price +11.3% | 5.5% | $624.5M | +$63.3M | ||||||||
| WelltowerCOM · shares +0.7% · price +5.1% | 5.2% | $589.6M | +$28.2M | ||||||||
| UdrCOM · shares −0.7% · price −1.3% | 5.0% | $563.1M | −$7.2M | ||||||||
| PrologisCOM · shares −1.4% · price +11.3% | 4.9% | $556.7M | +$56.6M | ||||||||
| Essex Ppty TrCOM · shares +0.2% · price +0.9% | 4.6% | $523.4M | +$4.8M | ||||||||
| PublicCOM · shares +19% · price +9.4% | 4.6% | $515.1M | +$37.1M | ||||||||
| Extra Space StorageCOM · shares +10% · price +4.1% | 3.5% | $396.2M | +$14.2M | ||||||||
| Invitation HomesCOM · shares −1.6% · price +9.9% | 3.1% | $351.0M | +$31.5M | ||||||||
| Sun CmntysCOM · shares −12% · price +8.2% | 2.5% | $284.2M | +$21.4M | ||||||||
| VereitCOM · shares +15% · price +7.6% | 2.5% | $283.8M | +$17.5M | ||||||||
| Vici PptysCOM · shares +27% · price +0.7% | 2.3% | $262.8M | +$1.5M | ||||||||
| Kilroy RltyCOM · shares −0.7% · price −2.8% | 2.3% | $258.2M | −$7.5M | ||||||||
| Apartment Invt & MgmtCL A · shares 0% · price −0.3% | 1.8% | $202.1M | −$685,000 | ||||||||
| Pebblebrook HotelCOM · shares +3.1% · price −9.3% | 1.6% | $181.0M | −$17.9M | ||||||||
| Hudson Pac PptysCOM · shares −0.5% · price −3.3% | 1.5% | $171.0M | −$5.9M | ||||||||
| National Retail PptysCOM · shares +0.05% · price −4.3% | 1.5% | $168.8M | −$7.6M | ||||||||
| Simon Ppty Group IncCOM · shares +19% · price −12.3% | 1.5% | $167.9M | −$19.9M | ||||||||
| Douglas EmmettCOM · shares −0.5% · price −1.4% | 1.4% | $161.9M | −$2.4M | ||||||||
| CyrusoneCOM · shares +0.1% · price +10.1% | 1.4% | $159.8M | +$14.6M | ||||||||
| Site CentersCOM · shares −2.6% · price −2.8% | 1.4% | $158.4M | −$4.5M | ||||||||
| Regency CtrsCOM · shares −16% · price −1.1% | 1.4% | $156.6M | −$1.8M | ||||||||
| Boston PropertiesCOM · shares −6.9% · price −3.6% | 1.3% | $149.9M | −$5.7M | ||||||||
| Digital RealtyCOM · shares −50% · price −1.0% | 1.3% | $143.6M | −$1.5M | ||||||||
| Duke RealtyCOM NEW · shares −1.3% · price +3.4% | 1.2% | $139.1M | +$4.5M | ||||||||
| Park Hotels ResortsCOM · shares +7.0% · price −11.3% | 1.2% | $137.4M | −$16.4M | ||||||||
| Total · 1,204 positions | 100% | $11.32B | +$234.0M |
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 2019 to Q2 2019: 1,064 stocks held throughout, up $234.0M (+2.5%).
- Equinix+$63.3M+11%
- Prologis+$56.6M+11%
- Public+$37.1M+9%
- Invitation Homes+$31.5M+10%
- Welltower+$28.2M+5%
- Realty Income−$9.1M−6%
- Park Hotels Resorts−$16.4M−11%
- Pebblebrook Hotel−$17.9M−9%
- Simon Ppty Group Inc−$19.9M−12%
- Macerich−$24.5M−23%
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 ↗ |