13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q3 2020. See the latest, Q3 2026 →
Reported value
$11.04B
+133% on the quarter before
Positions
1,177
82 new · 110 sold out
Top 10
41.0%
of the value
Est. gain
+$4.67B
on stocks held all quarter
Est. return
+159.4%
on those stocks since Q2 2020
Positions as of Sep 30, 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
Each tile is a position, sized by its share, colored by what the fund did with it since Q2 2020. Striped tiles are options.
Largest buys
Since Q2 2020, 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.
- Cyrusone~$239.4MAdded · 0.0% → 2.2%+3,418,575 shares
- Ventas~$198.2MAdded · 2.0% → 3.2%+4,723,283 shares
- Sun Cmntys~$189.6MAdded · 0.1% → 1.7%+1,348,548 shares
- Wp Carey~$184.5MAdded · 0.1% → 1.7%+2,830,951 shares
- Apple~$123.0MAdded · 0.0% → 1.4%+1,062,259 shares
- Simon Ppty Group Inc~$121.0MAdded · 0.1% → 3.8%+1,870,923 shares
- Healthpeak Properties~$109.3MAdded · 2.6% → 2.3%+4,024,357 shares
- Global X Fds~$92.6MAdded · 2.6% → 2.3%+3,810,000 shares
- Public~$84.6MAdded · 7.8% → 5.3%+380,030 shares
- Duke Realty~$63.1MAdded · 0.1% → 4.0%+1,709,228 shares
Largest sells
Since Q2 2020, 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~$301.4MCut · 7.1% → 1.1%−2,053,997 shares
- Apartment Invt & Mgmt~$162.5MCut · 3.6% → 0.0%−4,821,031 shares
- Realty Income~$122.7MCut · 2.3% → 0.1%−2,020,349 shares
- Hudson Pac Pptys~$110.5MCut · 0.0% → 0.2%−5,038,129 shares
- National Retail Properties~$107.0MCut · 2.0% → 0.0%−3,100,266 shares
- Prologis~$106.7MCut · 10.6% → 4.9%−1,060,898 shares
- Cousins Pptys~$104.3MCut · 2.3% → 0.0%−3,648,972 shares
- Extra Space Storage~$92.7MCut · 0.1% → 2.3%−866,843 shares
- Workday~$90.6MSold out · 1.9% → 0.0%−40,550,000 shares
- Vici Pptys~$81.1MCut · 0.0% → 3.1%−3,470,508 shares
Holdings
As of Sep 30, 2020. Changes are in shares against Jun 30, 2020, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| EquinixCOM · shares +0.09% · price +3,746.6% | 6.7% | $742.8M | +$722.9M | ||||||||
| PublicCOM · shares +17% · price +36.2% | 5.3% | $589.2M | +$134.1M | ||||||||
| PrologisCOM · shares −16% · price +29.0% | 4.9% | $541.1M | +$121.6M | ||||||||
| WelltowerCOM · shares +4.4% · price +9,286.3% | 4.2% | $463.4M | +$439.1M | ||||||||
| Duke RealtyCOM NEW · shares +17% · price +12,451.7% | 4.0% | $444.5M | +$378.4M | ||||||||
| Simon Ppty Group IncCOM · shares +41% · price +6,568.0% | 3.8% | $417.1M | +$291.6M | ||||||||
| VentasCOM · shares +127% · price +60.7% | 3.2% | $354.3M | +$59.0M | ||||||||
| Vici PptysCOM · shares −19% · price +20,311.5% | 3.1% | $339.0M | +$337.3M | ||||||||
| UdrCOM · shares −17% · price +14,247.1% | 2.9% | $323.0M | +$320.7M | ||||||||
| Essex Ppty TrCOM · shares +5.2% · price −7.8% | 2.9% | $316.9M | −$25.6M | ||||||||
| VereitCOM · shares +22% · price +17,781.3% | 2.7% | $297.5M | +$243.4M | ||||||||
| Extra Space StorageCOM · shares −26% · price +10,455.0% | 2.3% | $258.0M | +$255.6M | ||||||||
| Global X FdsCONSCIOUS COS · shares +57% · price +33.2% | 2.3% | $254.3M | +$40.3M | ||||||||
| Healthpeak PropertiesCOM · shares +76% · price +16.6% | 2.3% | $252.9M | +$20.5M | ||||||||
| CyrusoneCOM · shares +13,707% · price +13.4% | 2.2% | $241.1M | +$206,546 | ||||||||
| Invitation HomesCOM · shares −26% · price +9,777.2% | 2.0% | $218.4M | +$216.2M | ||||||||
| Sun CmntysCOM · shares +5,528% · price +12.6% | 1.7% | $193.1M | +$384,051 | ||||||||
| Medical Pptys TrustCOM · shares +26% · price +6,381.5% | 1.7% | $188.0M | +$146.3M | ||||||||
| Wp CareyCOM · shares +6,523% · price +12.2% | 1.7% | $187.3M | +$307,062 | ||||||||
| Kilroy RltyCOM · shares +18% · price −17.9% | 1.6% | $174.2M | −$32.0M | ||||||||
| AppleCOM · shares +391% · price +1,400.4% | 1.4% | $154.5M | — | ||||||||
| Host Hotels & ResortsCOM · shares +29% · price +5,303.4% | 1.4% | $149.7M | +$114.1M | ||||||||
| MicrosoftCOM · shares +17% · price +725.7% | 1.3% | $145.1M | — | ||||||||
| Digital RealtyCOM · shares −70% · price +27.5% | 1.1% | $127.0M | +$27.4M | ||||||||
| AmazonCOM · shares +24% · price +59.8% | 1.1% | $123.4M | — | ||||||||
| Total · 1,177 positions | 100% | $11.04B | +$4.67B |
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 2020 to Q3 2020: 1,028 stocks held throughout, up $4.67B (+159.4%).
- Equinix+$722.9M+3,747%
- Welltower+$439.1M+9,286%
- Duke Realty+$378.4M+12,452%
- Vici Pptys+$337.3M+20,312%
- Udr+$320.7M+14,247%
- Nextera Energy−$4.4M−32%
- Morgan Stanley−$6.0M−67%
- Howmet Aerospace−$8.3M−87%
- Essex Ppty Tr−$25.6M−8%
- Kilroy Rlty−$32.0M−18%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 43 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 ↗ |