13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q4 2019. See the latest, Q3 2026 →
Reported value
$12.12B
+2.6% on the quarter before
Positions
1,198
105 new · 94 sold out
Top 10
38.8%
of the value
Est. gain
−$43.0M
on stocks held all quarter
Est. return
−0.4%
on those stocks since Q3 2019
Positions as of Dec 31, 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, 64% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2019. Striped tiles are options.
Largest buys
Since Q3 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~$232.7MAdded · 1.2% → 3.0%+1,943,424 shares
- Healthcare Tr Amer Inc~$181.4MAdded · 0.0% → 1.5%+5,991,499 shares
- Host Hotels & Resorts~$137.9MAdded · 0.3% → 1.5%+7,436,475 shares
- Extra Space Storage~$122.1MAdded · 2.3% → 3.0%+1,156,042 shares
- Healthpeak Pptys~$96.3MNew · 0.0% → 0.8%+2,793,852 shares
- Simon Ppty Group Inc~$78.6MAdded · 3.0% → 3.4%+527,874 shares
- Duke Realty~$63.3MAdded · 2.1% → 2.6%+1,826,162 shares
- Equinix~$59.7MAdded · 5.1% → 5.5%+102,297 shares
- Vereit~$51.0MAdded · 1.9% → 2.2%+5,523,537 shares
- Regency Ctrs~$50.3MAdded · 1.7% → 1.9%+797,413 shares
Largest sells
Since Q3 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.
- Sun Cmntys~$200.3MCut · 2.2% → 0.5%−1,334,114 shares
- Cyrusone~$94.8MCut · 1.9% → 0.8%−1,448,370 shares
- American Homes 4~$82.8MCut · 0.7% → 0.0%−3,161,359 shares
- Omega Healthcare Invs~$76.6MCut · 1.2% → 0.6%−1,808,997 shares
- Public~$65.4MCut · 2.9% → 1.9%−306,975 shares
- Essex Ppty Tr~$61.5MCut · 4.8% → 3.8%−204,472 shares
- Pebblebrook Hotel~$60.5MCut · 1.7% → 1.1%−2,256,754 shares
- Sba Communications Corp~$50.9MCut · 0.4% → 0.0%−211,083 shares
- Federal Realty Invt Tr~$49.2MCut · 0.5% → 0.0%−382,500 shares
- Kilroy Rlty~$32.3MCut · 2.0% → 1.8%−384,994 shares
Holdings
As of Dec 31, 2019. Changes are in shares against Sep 30, 2019, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| EquinixCOM · shares +9.9% · price +1.2% | 5.5% | $664.2M | +$7.1M | ||||||||
| UdrCOM · shares −1.5% · price −3.7% | 4.9% | $593.7M | −$22.6M | ||||||||
| PrologisCOM · shares −1.1% · price +4.6% | 4.8% | $580.2M | +$25.5M | ||||||||
| WelltowerCOM · shares −4.0% · price −9.8% | 4.4% | $538.7M | −$58.4M | ||||||||
| Essex Ppty TrCOM · shares −12% · price −7.9% | 3.8% | $455.5M | −$39.1M | ||||||||
| Simon Ppty Group IncCOM · shares +23% · price −4.3% | 3.4% | $416.5M | −$15.2M | ||||||||
| Vici PptysCOM · shares +4.2% · price +12.8% | 3.1% | $376.5M | +$41.0M | ||||||||
| Digital RealtyCOM · shares +171% · price −7.8% | 3.0% | $368.8M | −$11.4M | ||||||||
| Extra Space StorageCOM · shares +51% · price −9.6% | 3.0% | $363.8M | −$25.6M | ||||||||
| Realty IncomeCOM · shares −6.1% · price −4.0% | 2.8% | $338.2M | −$14.0M | ||||||||
| Invitation HomesCOM · shares −8.4% · price +1.2% | 2.6% | $317.6M | +$3.8M | ||||||||
| Duke RealtyCOM NEW · shares +25% · price +2.1% | 2.6% | $317.3M | +$5.1M | ||||||||
| VereitCOM · shares +24% · price −5.5% | 2.2% | $264.4M | −$12.5M | ||||||||
| Apartment Invt & MgmtCL A · shares +5.2% · price −0.9% | 2.0% | $241.2M | −$2.2M | ||||||||
| PublicCOM · shares −22% · price −13.2% | 1.9% | $234.1M | −$35.5M | ||||||||
| Regency CtrsCOM · shares +28% · price −9.2% | 1.9% | $228.5M | −$18.1M | ||||||||
| Kilroy RltyCOM · shares −13% · price +7.7% | 1.8% | $216.5M | +$15.5M | ||||||||
| Hudson Pac PptysCOM · shares +7.6% · price +12.5% | 1.7% | $211.7M | +$21.9M | ||||||||
| Equity ResidentialSH BEN INT · shares +26% · price −6.2% | 1.6% | $196.5M | −$10.3M | ||||||||
| Healthcare Tr Amer IncCL A NEW · shares +16,759% · price +3.1% | 1.5% | $182.5M | +$32,509 | ||||||||
| Host Hotels & ResortsCOM · shares +339% · price +7.3% | 1.5% | $178.6M | +$2.8M | ||||||||
| Cousins PptysCOM NEW · shares +20% · price +9.6% | 1.4% | $164.6M | +$12.1M | ||||||||
| Medical Pptys TrustCOM · shares +10% · price +7.9% | 1.4% | $163.6M | +$10.9M | ||||||||
| National Retail PptysCOM · shares −9.2% · price −4.9% | 1.3% | $161.9M | −$8.4M | ||||||||
| Park Hotels ResortsCOM · shares +0.1% · price +3.6% | 1.3% | $159.2M | +$5.5M | ||||||||
| Total · 1,198 positions | 100% | $12.12B | −$43.0M |
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 Q3 2019 to Q4 2019: 1,038 stocks held throughout, down $43.0M (−0.4%).
- Vici Pptys+$41.0M+13%
- Prologis+$25.5M+5%
- Hudson Pac Pptys+$21.9M+13%
- Kilroy Rlty+$15.5M+8%
- Cousins Pptys+$12.1M+10%
- Udr−$22.6M−4%
- Extra Space Storage−$25.6M−10%
- Public−$35.5M−13%
- Essex Ppty Tr−$39.1M−8%
- Welltower−$58.4M−10%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 3 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 ↗ |