13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q3 2019. See the latest, Q3 2026 →
Reported value
$11.80B
+4.3% on the quarter before
Positions
1,187
39 new · 56 sold out
Top 10
39.8%
of the value
Est. gain
+$578.5M
on stocks held all quarter
Est. return
+6.5%
on those stocks since Q2 2019
Positions as of Sep 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, 65% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2019. Striped tiles are options.
Largest buys
Since Q2 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.
- Realty Income~$223.5MAdded · 1.2% → 3.2%+2,915,287 shares
- Simon Ppty Group Inc~$189.5MAdded · 1.5% → 3.0%+1,217,613 shares
- Omega Healthcare Invs~$139.8MAdded · 0.0% → 1.2%+3,345,731 shares
- Medical Pptys Trust~$136.4MAdded · 0.0% → 1.2%+6,974,604 shares
- Cousins Pptys~$109.4MAdded · 0.1% → 1.1%+2,911,649 shares
- Duke Realty~$99.4MAdded · 1.2% → 2.1%+2,927,278 shares
- Sba Communications Corp~$51.0MAdded · 0.0% → 0.4%+211,503 shares
- Vici Pptys~$50.3MAdded · 2.3% → 2.7%+2,218,914 shares
- Equity Residential~$35.4MAdded · 1.0% → 1.4%+410,403 shares
- Regency Ctrs~$33.2MAdded · 1.4% → 1.7%+478,257 shares
Largest sells
Since Q2 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.
- Public~$185.6MCut · 4.6% → 2.9%−756,717 shares
- Extra Space Storage~$169.0MCut · 3.5% → 2.3%−1,446,505 shares
- Equinix~$116.9MCut · 5.5% → 5.1%−202,606 shares
- Gaming & Leisure Pptys~$105.8MCut · 1.0% → 0.0%−2,766,287 shares
- Hcp~$85.5MCut · 0.7% → 0.0%−2,398,889 shares
- Vereit~$82.1MCut · 2.5% → 1.9%−8,399,597 shares
- Federal Realty Invt~$77.2MCut · 1.1% → 0.5%−567,266 shares
- Sun Cmntys~$73.0MCut · 2.5% → 2.2%−491,933 shares
- Douglas Emmett~$72.3MCut · 1.4% → 0.9%−1,687,183 shares
- Host Hotels & Resorts~$55.6MCut · 0.9% → 0.3%−3,215,849 shares
Holdings
As of Sep 30, 2019. Changes are in shares against Jun 30, 2019, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| UdrCOM · shares +2.9% · price +8.0% | 5.3% | $626.0M | +$45.0M | ||||||||
| WelltowerCOM · shares −5.1% · price +11.2% | 5.3% | $621.9M | +$62.6M | ||||||||
| EquinixCOM · shares −16% · price +14.4% | 5.1% | $597.4M | +$75.1M | ||||||||
| Essex Ppty TrCOM · shares −4.1% · price +11.9% | 4.8% | $561.4M | +$59.7M | ||||||||
| PrologisCOM · shares −5.4% · price +6.4% | 4.7% | $560.6M | +$33.7M | ||||||||
| Realty IncomeCOM · shares +147% · price +11.2% | 3.2% | $375.2M | +$15.2M | ||||||||
| Simon Ppty Group IncCOM · shares +116% · price −2.6% | 3.0% | $353.1M | −$4.3M | ||||||||
| PublicCOM · shares −35% · price +3.0% | 2.9% | $344.9M | +$10.0M | ||||||||
| Invitation HomesCOM · shares −12% · price +10.8% | 2.9% | $342.7M | +$33.3M | ||||||||
| Vici PptysCOM · shares +19% · price +2.8% | 2.7% | $320.3M | +$7.3M | ||||||||
| Extra Space StorageCOM · shares −39% · price +10.1% | 2.3% | $267.3M | +$24.5M | ||||||||
| Sun CmntysCOM · shares −22% · price +15.8% | 2.2% | $256.1M | +$34.9M | ||||||||
| Duke RealtyCOM NEW · shares +67% · price +7.5% | 2.1% | $248.9M | +$10.4M | ||||||||
| Apartment Invt & MgmtCL A · shares +10% · price +4.0% | 2.0% | $231.4M | +$8.1M | ||||||||
| Kilroy RltyCOM · shares −15% · price +5.5% | 2.0% | $231.0M | +$12.1M | ||||||||
| CyrusoneCOM · shares +3.2% · price +37.0% | 1.9% | $226.0M | +$59.2M | ||||||||
| VereitCOM · shares −27% · price +8.5% | 1.9% | $225.9M | +$17.8M | ||||||||
| Pebblebrook HotelCOM · shares +15% · price −1.3% | 1.7% | $205.4M | −$2.3M | ||||||||
| Regency CtrsCOM · shares +20% · price +4.1% | 1.7% | $196.3M | +$6.5M | ||||||||
| National Retail PptysCOM · shares +4.4% · price +6.4% | 1.6% | $187.6M | +$10.8M | ||||||||
| Hudson Pac PptysCOM · shares +1.7% · price +0.6% | 1.5% | $174.9M | +$975,904 | ||||||||
| Site CentersCOM · shares −6.3% · price +14.1% | 1.4% | $169.4M | +$21.0M | ||||||||
| Equity ResidentialSH BEN INT · shares +27% · price +13.6% | 1.4% | $166.9M | +$15.8M | ||||||||
| Park Hotels ResortsCOM · shares +23% · price −9.4% | 1.3% | $153.5M | −$12.9M | ||||||||
| MacerichCOM · shares +21% · price −5.7% | 1.3% | $150.7M | −$7.5M | ||||||||
| Total · 1,187 positions | 100% | $11.80B | +$578.5M |
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 2019 to Q3 2019: 1,071 stocks held throughout, up $578.5M (+6.5%).
- Equinix+$75.1M+14%
- Welltower+$62.6M+11%
- Essex Ppty Tr+$59.7M+12%
- Cyrusone+$59.2M+37%
- Udr+$45.0M+8%
- Pebblebrook Hotel−$2.3M−1%
- Simon Ppty Group Inc−$4.3M−3%
- Macerich−$7.5M−6%
- Equity Lifestyle Pptys−$9.2M−45%
- Park Hotels Resorts−$12.9M−9%
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 ↗ |