13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q4 2020. See the latest, Q3 2026 →
Reported value
$12.94B
+17% on the quarter before
Positions
1,260
167 new · 84 sold out
Top 10
34.9%
of the value
Est. gain
+$962.5M
on stocks held all quarter
Est. return
+11.6%
on those stocks since Q3 2020
Positions as of Dec 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, 62% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2020. Striped tiles are options.
Largest buys
Since Q3 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.
- Vereit~$354.0MNew · 0.0% → 2.7%+9,367,930 shares
- Americold Rlty~$172.3MAdded · 0.0% → 1.3%+4,614,313 shares
- Omega Healthcare Invs~$109.5MAdded · 0.0% → 0.9%+3,013,495 shares
- Sun Cmntys~$103.1MAdded · 1.7% → 2.4%+678,587 shares
- Weyerhaeuser Co Mtn~$100.6MAdded · 0.0% → 0.8%+2,998,938 shares
- Apartment Income Reit~$97.3MNew · 0.0% → 0.8%+2,533,191 shares
- Healthpeak Properties~$97.2MAdded · 2.3% → 2.9%+3,214,671 shares
- Cyrusone~$91.8MAdded · 2.2% → 2.7%+1,255,596 shares
- Healthcare Tr Amer Inc~$67.2MAdded · 0.8% → 1.3%+2,439,001 shares
- Agree Realty~$65.3MAdded · 0.0% → 0.5%+980,283 shares
Largest sells
Since Q3 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.
- Vereit~$297.5MSold out · 2.7% → 0.0%−45,766,475 shares
- Equinix~$250.5MCut · 6.7% → 3.5%−350,747 shares
- Kilroy Rlty~$68.5MCut · 1.6% → 1.0%−1,193,853 shares
- Prologis~$66.9MCut · 4.9% → 3.6%−671,616 shares
- Welltower~$66.1MCut · 4.2% → 3.7%−1,023,364 shares
- Store Cap~$63.6MCut · 0.5% → 0.0%−1,871,434 shares
- Sba Communications Corp~$54.0MCut · 0.6% → 0.0%−191,358 shares
- Medical Pptys Trust~$50.9MCut · 1.7% → 1.4%−2,338,135 shares
- Simon Ppty Group Inc~$42.2MCut · 3.8% → 3.9%−494,959 shares
- Essex Ppty Tr~$38.6MCut · 2.9% → 2.6%−162,474 shares
Holdings
As of Dec 31, 2020. Changes are in shares against Sep 30, 2020, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| PublicCOM · shares −0.7% · price +3.7% | 4.7% | $606.6M | +$21.6M | ||||||||
| Simon Ppty Group IncCOM · shares −7.7% · price +31.8% | 3.9% | $507.7M | +$122.6M | ||||||||
| Duke RealtyCOM NEW · shares +4.8% · price +8.3% | 3.9% | $504.4M | +$37.0M | ||||||||
| WelltowerCOM · shares −12% · price +17.3% | 3.7% | $477.5M | +$70.4M | ||||||||
| PrologisCOM · shares −12% · price −1.0% | 3.6% | $469.0M | −$4.5M | ||||||||
| EquinixCOM · shares −36% · price −6.0% | 3.5% | $447.4M | −$28.8M | ||||||||
| VentasCOM · shares +1.1% · price +16.9% | 3.2% | $418.8M | +$59.8M | ||||||||
| Healthpeak PropertiesCOM · shares +35% · price +11.3% | 2.9% | $378.8M | +$28.7M | ||||||||
| VereitCOM · shares New | 2.7% | $354.0M | — | ||||||||
| Vici PptysCOM · shares −5.6% · price +9.1% | 2.7% | $349.1M | +$29.2M | ||||||||
| UdrCOM · shares −8.3% · price +17.8% | 2.7% | $348.9M | +$52.8M | ||||||||
| CyrusoneCOM · shares +36% · price +4.5% | 2.7% | $343.7M | +$10.7M | ||||||||
| Essex Ppty TrCOM · shares −10% · price +18.2% | 2.6% | $336.1M | +$51.9M | ||||||||
| Extra Space StorageCOM · shares +16% · price +8.3% | 2.5% | $325.1M | +$21.4M | ||||||||
| Sun CmntysCOM · shares +49% · price +8.1% | 2.4% | $311.7M | +$15.6M | ||||||||
| Invitation HomesCOM · shares +20% · price +6.1% | 2.1% | $277.3M | +$13.3M | ||||||||
| Global X FdsCONSCIOUS COS · shares −4.7% · price +12.3% | 2.1% | $272.1M | +$29.7M | ||||||||
| Host Hotels & ResortsCOM · shares +19% · price +35.6% | 1.9% | $241.3M | +$53.3M | ||||||||
| Medical Pptys TrustCOM · shares −22% · price +23.6% | 1.4% | $181.4M | +$34.6M | ||||||||
| Americold RltyCOM · shares +9,965% · price +4.4% | 1.3% | $174.0M | +$73,641 | ||||||||
| Wp CareyCOM · shares −16% · price +8.3% | 1.3% | $171.2M | +$13.1M | ||||||||
| AppleCOM · shares −4.2% · price +14.6% | 1.3% | $169.6M | — | ||||||||
| Healthcare Tr Amer IncCL A NEW · shares +68% · price +5.9% | 1.3% | $165.9M | +$5.5M | ||||||||
| AmazonCOM · shares +18% · price +3.5% | 1.2% | $150.6M | — | ||||||||
| MicrosoftCOM · shares −7.1% · price +5.7% | 1.1% | $142.6M | — | ||||||||
| Total · 1,260 positions | 100% | $12.94B | +$962.5M |
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 Q3 2020 to Q4 2020: 1,029 stocks held throughout, up $962.5M (+11.6%).
- Simon Ppty Group Inc+$122.6M+32%
- Welltower+$70.4M+17%
- Ventas+$59.8M+17%
- Host Hotels & Resorts+$53.3M+36%
- Udr+$52.8M+18%
- Astrazeneca Plc−$1.3M−9%
- Amgen−$2.0M−10%
- Prologis−$4.5M−1%
- Digital Realty−$6.3M−5%
- Equinix−$28.8M−6%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 19 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 ↗ |