13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q1 2021. See the latest, Q3 2026 →
Reported value
$13.44B
+3.9% on the quarter before
Positions
1,278
58 new · 40 sold out
Top 10
33.2%
of the value
Est. gain
+$708.5M
on stocks held all quarter
Est. return
+7.1%
on those stocks since Q4 2020
Positions as of Mar 31, 2021, 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, 61% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2020. Striped tiles are options.
Largest buys
Since Q4 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~$157.2MAdded · 1.0% → 2.2%+1,115,865 shares
- Mid-Amer Apt Cmntys~$134.5MAdded · 0.0% → 1.0%+931,672 shares
- Regency Ctrs~$88.7MAdded · 0.0% → 0.7%+1,563,750 shares
- Kimco Rlty~$78.0MAdded · 0.0% → 0.6%+4,159,027 shares
- Global X Fds Social Med~$73.4MNew · 0.0% → 0.5%+1,100,000 shares
- Host Hotels & Resorts~$63.6MAdded · 1.9% → 2.5%+3,776,019 shares
- Global X Fds E Commerce~$59.9MAdded · 0.2% → 0.7%+1,750,000 shares
- Global X Fds Telmdc&Dig~$58.8MNew · 0.0% → 0.4%+3,075,000 shares
- Sun Cmntys~$48.2MAdded · 2.4% → 2.6%+321,146 shares
- Healthpeak Properties~$39.0MAdded · 2.9% → 3.2%+1,228,767 shares
Largest sells
Since Q4 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.
- Simon Ppty Group Inc~$204.2MCut · 3.9% → 3.5%−1,795,188 shares
- Wp Carey~$167.3MCut · 1.3% → 0.0%−2,364,860 shares
- Welltower~$134.8MCut · 3.7% → 2.9%−1,882,113 shares
- Omega Healthcare Invs~$109.9MCut · 0.9% → 0.0%−3,000,870 shares
- Prologis~$87.6MCut · 3.6% → 3.1%−826,780 shares
- Ventas~$66.4MCut · 3.2% → 2.9%−1,244,707 shares
- Invitation Homes~$55.2MCut · 2.1% → 1.8%−1,724,966 shares
- Nvidia~$53.1MCut · 0.9% → 0.4%−99,540 shares
- Equity Residential~$51.7MCut · 0.4% → 0.1%−721,743 shares
- Public~$50.8MCut · 4.7% → 4.4%−205,998 shares
Holdings
As of Mar 31, 2021. Changes are in shares against Dec 31, 2020, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| PublicCOM · shares −7.8% · price +6.9% | 4.4% | $597.3M | +$38.3M | ||||||||
| Duke RealtyCOM NEW · shares −2.6% · price +4.9% | 3.8% | $515.6M | +$24.1M | ||||||||
| Simon Ppty Group IncCOM · shares −30% · price +33.4% | 3.5% | $473.1M | +$118.5M | ||||||||
| EquinixCOM · shares +3.6% · price −4.8% | 3.3% | $440.9M | −$21.7M | ||||||||
| Healthpeak PropertiesCOM · shares +9.8% · price +5.0% | 3.2% | $436.7M | +$18.9M | ||||||||
| UdrCOM · shares +8.0% · price +14.1% | 3.2% | $430.0M | +$49.3M | ||||||||
| PrologisCOM · shares −18% · price +6.4% | 3.1% | $411.2M | +$24.6M | ||||||||
| WelltowerCOM · shares −25% · price +10.8% | 2.9% | $394.5M | +$38.6M | ||||||||
| VentasCOM · shares −15% · price +8.8% | 2.9% | $389.1M | +$31.4M | ||||||||
| Vici PptysCOM · shares −2.2% · price +10.7% | 2.8% | $377.9M | +$36.7M | ||||||||
| Sun CmntysCOM · shares +16% · price −1.3% | 2.6% | $356.0M | −$3.9M | ||||||||
| VereitCOM · shares −2.8% · price +2.2% | 2.6% | $351.6M | +$7.6M | ||||||||
| Extra Space StorageCOM · shares −5.7% · price +14.4% | 2.6% | $350.5M | +$44.1M | ||||||||
| Host Hotels & ResortsCOM · shares +23% · price +15.2% | 2.5% | $341.5M | +$36.6M | ||||||||
| Essex Ppty TrCOM · shares −11% · price +14.5% | 2.5% | $341.0M | +$43.2M | ||||||||
| CyrusoneCOM · shares −0.5% · price −7.4% | 2.4% | $316.8M | −$25.4M | ||||||||
| Digital RealtyCOM · shares +116% · price +1.0% | 2.2% | $292.2M | +$1.3M | ||||||||
| Global X Fds ConsciousCOS · shares −4.3% · price +6.8% | 2.1% | $278.1M | +$17.7M | ||||||||
| Invitation HomesCOM · shares −18% · price +7.7% | 1.8% | $243.5M | +$17.4M | ||||||||
| Americold RltyCOM · shares +9.5% · price +3.1% | 1.5% | $196.2M | +$5.3M | ||||||||
| AppleCOM · shares +6.6% · price −7.8% | 1.2% | $166.6M | — | ||||||||
| Healthcare Tr Amer IncCL A NEW · shares −6.9% · price +0.1% | 1.2% | $154.8M | +$225,012 | ||||||||
| MicrosoftCOM · shares −2.9% · price +6.0% | 1.1% | $146.8M | — | ||||||||
| Apartment Income ReitCOM · shares +34% · price +11.3% | 1.1% | $145.3M | +$11.0M | ||||||||
| Mid-Amer Apt CmntysCOM · shares +2,535% · price +13.9% | 1.0% | $139.8M | +$648,937 | ||||||||
| Total · 1,278 positions | 100% | $13.44B | +$708.5M |
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 Q4 2020 to Q1 2021: 1,141 stocks held throughout, up $708.5M (+7.1%).
- Simon Ppty Group Inc+$118.5M+33%
- Udr+$49.3M+14%
- Extra Space Storage+$44.1M+14%
- Essex Ppty Tr+$43.2M+14%
- Welltower+$38.6M+11%
- Global X Fds−$2.5M−8%
- Medical Pptys Trust−$3.3M−2%
- Sun Cmntys−$3.9M−1%
- Equinix−$21.7M−5%
- Cyrusone−$25.4M−7%
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 ↗ |