13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q1 2020. See the latest, Q3 2026 →
Reported value
$9.64B
−20% on the quarter before
Positions
1,211
71 new · 58 sold out
Top 10
42.2%
of the value
Est. gain
−$2.32B
on stocks held all quarter
Est. return
−23.7%
on those stocks since Q4 2019
Positions as of Mar 31, 2020, 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 Q4 2019. Striped tiles are options.
Largest buys
Since Q4 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~$231.6MAdded · 1.9% → 4.7%+1,166,179 shares
- Global X Fds~$121.9MAdded · 0.0% → 1.3%+6,682,547 shares
- Simon Ppty Group Inc~$97.7MAdded · 3.4% → 2.6%+1,781,011 shares
- Store Cap~$72.5MAdded · 0.0% → 0.8%+3,998,784 shares
- Welltower~$67.3MAdded · 4.4% → 3.8%+1,469,692 shares
- Healthpeak Properties~$59.5MAdded · 0.8% → 1.3%+2,496,319 shares
- Vici Pptys~$53.9MAdded · 3.1% → 3.1%+3,237,567 shares
- Ps Business Pks Inc~$52.0MAdded · 0.0% → 0.5%+383,665 shares
- Vereit~$44.2MAdded · 2.2% → 1.9%+9,042,928 shares
- Duke Realty~$38.3MAdded · 2.6% → 3.5%+1,184,271 shares
Largest sells
Since Q4 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~$123.3MCut · 2.8% → 1.1%−2,472,444 shares
- Equinix~$100.9MCut · 5.5% → 6.3%−161,601 shares
- Cyrusone~$85.5MCut · 0.8% → 0.0%−1,384,241 shares
- Douglas Emmett~$69.5MCut · 0.8% → 0.0%−2,280,134 shares
- Boston Properties~$59.8MCut · 0.8% → 0.0%−648,762 shares
- Pebblebrook Hotel~$53.2MCut · 1.1% → 0.0%−4,880,982 shares
- Healthcare Tr Amer Inc~$51.5MCut · 1.5% → 1.0%−2,121,988 shares
- Sun Cmntys~$45.8MCut · 0.5% → 0.0%−366,424 shares
- Regency Ctrs~$33.0MCut · 1.9% → 1.1%−859,527 shares
- Udr~$30.3MCut · 4.9% → 4.5%−829,545 shares
Holdings
As of Mar 31, 2020. Changes are in shares against Dec 31, 2019, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| EquinixCOM · shares −14% · price +7.0% | 6.3% | $609.8M | +$39.9M | ||||||||
| PrologisCOM · shares −1.1% · price −9.8% | 5.4% | $517.5M | −$56.5M | ||||||||
| PublicCOM · shares +106% · price −6.7% | 4.7% | $449.9M | −$15.8M | ||||||||
| UdrCOM · shares −6.5% · price −21.8% | 4.5% | $434.2M | −$120.7M | ||||||||
| Digital RealtyCOM · shares −5.2% · price +16.0% | 4.2% | $405.5M | +$56.0M | ||||||||
| WelltowerCOM · shares +22% · price −44.0% | 3.8% | $368.9M | −$237.2M | ||||||||
| Duke RealtyCOM NEW · shares +13% · price −6.6% | 3.5% | $334.7M | −$21.0M | ||||||||
| Essex Ppty TrCOM · shares −0.9% · price −26.8% | 3.4% | $330.5M | −$121.0M | ||||||||
| Extra Space StorageCOM · shares −4.8% · price −9.3% | 3.3% | $313.9M | −$32.3M | ||||||||
| Vici PptysCOM · shares +22% · price −34.9% | 3.1% | $299.1M | −$131.3M | ||||||||
| Simon Ppty Group IncCOM · shares +64% · price −63.2% | 2.6% | $251.1M | −$263.1M | ||||||||
| Invitation HomesCOM · shares −1.0% · price −28.7% | 2.3% | $224.2M | −$90.2M | ||||||||
| VereitCOM · shares +32% · price −47.1% | 1.9% | $184.2M | −$124.5M | ||||||||
| Equity ResidentialSH BEN INT · shares +22% · price −23.7% | 1.9% | $183.4M | −$46.6M | ||||||||
| Kilroy RltyCOM · shares +9.8% · price −24.1% | 1.9% | $180.5M | −$52.1M | ||||||||
| Apartment Invt & MgmtCL A · shares +4.0% · price −31.9% | 1.8% | $170.7M | −$77.0M | ||||||||
| Hudson Pac PptysCOM · shares +6.1% · price −32.6% | 1.6% | $151.3M | −$69.1M | ||||||||
| Medical Pptys TrustCOM · shares +8.8% · price −18.1% | 1.5% | $145.8M | −$29.6M | ||||||||
| Healthpeak PropertiesCOM · shares +89% · price −30.8% | 1.3% | $126.2M | −$29.7M | ||||||||
| Global X FdsCONSCIOUS COS · shares +78,535% · price −22.4% | 1.3% | $122.1M | — | ||||||||
| Host Hotels & ResortsCOM · shares +12% · price −40.5% | 1.2% | $119.0M | −$72.3M | ||||||||
| Cousins PptysCOM NEW · shares −7.9% · price −29.0% | 1.1% | $107.8M | −$43.9M | ||||||||
| Regency CtrsCOM · shares −24% · price −39.1% | 1.1% | $106.2M | −$68.1M | ||||||||
| Realty IncomeCOM · shares −54% · price −32.3% | 1.1% | $105.7M | −$50.4M | ||||||||
| National Retail PropertiesCOM · shares +4.4% · price −40.0% | 1.1% | $101.4M | −$64.7M | ||||||||
| Total · 1,211 positions | 100% | $9.64B | −$2.32B |
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 Q4 2019 to Q1 2020: 1,067 stocks held throughout, down $2.32B (−23.7%).
- Ventas41:1 split+$94.5M+1,803%
- Digital Realty+$56.0M+16%
- Equinix+$39.9M+7%
- Spirit Rlty Cap Inc80:1 split+$38.7M+4,156%
- Kimco Rlty30:1 split+$30.8M+1,301%
- Essex Ppty Tr−$121.0M−27%
- Vereit−$124.5M−47%
- Vici Pptys−$131.3M−35%
- Welltower−$237.2M−44%
- Simon Ppty Group Inc−$263.1M−63%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 10 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 ↗ |