13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q3 2021. See the latest, Q3 2026 →
Reported value
$15.21B
+2.5% on the quarter before
Positions
1,341
108 new · 41 sold out
Top 10
31.7%
of the value
Est. gain
−$9.0M
on stocks held all quarter
Est. return
−0.1%
on those stocks since Q2 2021
Positions as of Sep 30, 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, 57% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2021. Striped tiles are options.
Largest buys
Since Q2 2021, 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.
- Invitation Homes~$167.8MAdded · 0.7% → 1.8%+4,377,692 shares
- Welltower~$141.8MAdded · 2.6% → 3.5%+1,721,116 shares
- Cousins Pptys~$117.1MAdded · 0.1% → 0.9%+3,140,794 shares
- Nvidia~$96.5MAdded · 0.8% → 0.8%+465,748 shares
- Digital Realty~$95.2MAdded · 1.5% → 2.0%+658,801 shares
- Vici Pptys~$90.1MAdded · 2.0% → 2.4%+3,170,699 shares
- Palo Alto Networks~$62.2MAdded · 0.0% → 0.4%+37,500,000 shares
- Tesla~$55.0MAdded · 0.5% → 0.9%+70,988 shares
- Global X Fds~$53.6MAdded · 2.0% → 2.3%+1,710,000 shares
- Americold Rlty~$47.3MAdded · 1.3% → 1.3%+1,627,893 shares
Largest sells
Since Q2 2021, 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.
- Equinix~$253.5MCut · 4.7% → 2.8%−320,801 shares
- Sun Cmntys~$162.5MCut · 2.5% → 1.6%−877,848 shares
- Extra Space Storage~$135.5MCut · 2.5% → 1.7%−806,691 shares
- Kilroy Rlty~$99.8MCut · 0.7% → 0.0%−1,506,580 shares
- American Tower~$95.7MCut · 0.7% → 0.1%−360,659 shares
- Public~$94.4MCut · 4.9% → 4.1%−317,748 shares
- Udr~$77.7MCut · 3.2% → 2.9%−1,466,050 shares
- Park Hotels & Resorts~$59.4MCut · 0.4% → 0.0%−3,102,729 shares
- Ventas~$49.1MCut · 2.6% → 2.1%−888,648 shares
- Duke Realty~$34.8MCut · 3.9% → 3.6%−726,694 shares
Holdings
As of Sep 30, 2021. Changes are in shares against Jun 30, 2021, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| PublicCOM · shares −13% · price −1.2% | 4.1% | $619.7M | −$7.5M | ||||||||
| Simon Ppty Group IncCOM · shares +5.9% · price −0.4% | 3.9% | $588.2M | −$2.2M | ||||||||
| Duke RealtyCOM NEW · shares −6.0% · price +1.1% | 3.6% | $548.3M | +$6.0M | ||||||||
| WelltowerCOM · shares +37% · price −0.8% | 3.5% | $530.1M | −$3.3M | ||||||||
| UdrCOM · shares −15% · price +8.2% | 2.9% | $440.5M | +$33.3M | ||||||||
| VereitCOM · shares +7.4% · price −1.5% | 2.9% | $434.3M | −$6.3M | ||||||||
| Healthpeak PropertiesCOM · shares −6.7% · price +0.6% | 2.8% | $429.6M | +$2.4M | ||||||||
| EquinixCOM · shares −37% · price −1.6% | 2.8% | $427.4M | −$6.7M | ||||||||
| PrologisCOM · shares −4.8% · price +4.9% | 2.8% | $419.3M | +$19.7M | ||||||||
| Host Hotels & ResortsCOM · shares +12% · price −4.4% | 2.5% | $384.3M | −$15.9M | ||||||||
| Essex Ppty TrCOM · shares −6.8% · price +6.6% | 2.4% | $368.4M | +$22.7M | ||||||||
| Vici PptysCOM · shares +33% · price −8.4% | 2.4% | $365.1M | −$25.3M | ||||||||
| CyrusoneCOM · shares −0.6% · price +8.2% | 2.3% | $355.1M | +$27.0M | ||||||||
| Global X FdsCONSCIOUS COS · shares +18% · price +0.2% | 2.3% | $352.8M | +$599,400 | ||||||||
| VentasCOM · shares −13% · price −3.3% | 2.1% | $319.3M | −$10.9M | ||||||||
| Digital RealtyCOM · shares +46% · price −4.0% | 2.0% | $301.9M | −$8.6M | ||||||||
| Invitation HomesCOM · shares +160% · price +2.8% | 1.8% | $272.7M | +$2.8M | ||||||||
| Extra Space StorageCOM · shares −35% · price +2.5% | 1.7% | $251.8M | +$6.2M | ||||||||
| Sun CmntysCOM · shares −40% · price +8.0% | 1.6% | $244.3M | +$18.1M | ||||||||
| AppleCOM · shares −0.7% · price +3.3% | 1.5% | $229.3M | — | ||||||||
| MicrosoftCOM · shares +16% · price +4.1% | 1.5% | $222.4M | — | ||||||||
| Apartment Income ReitCOM · shares +12% · price +2.9% | 1.4% | $210.3M | +$5.3M | ||||||||
| Kimco RltyCOM · shares +26% · price −0.5% | 1.4% | $207.0M | −$794,269 | ||||||||
| Americold RltyCOM · shares +32% · price −23.2% | 1.3% | $193.8M | −$44.4M | ||||||||
| AmazonCOM · shares +9.1% · price −4.5% | 1.2% | $185.4M | — | ||||||||
| Total · 1,341 positions | 100% | $15.21B | −$9.0M |
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 Q2 2021 to Q3 2021: 1,118 stocks held throughout, down $9.0M (−0.1%).
- Udr+$33.3M+8%
- Cyrusone+$27.0M+8%
- Essex Ppty Tr+$22.7M+7%
- Prologis+$19.7M+5%
- Sun Cmntys+$18.1M+8%
- Global X Fds−$12.0M−12%
- Host Hotels & Resorts−$15.9M−4%
- Global X Fds Social Med−$19.9M−16%
- Vici Pptys−$25.3M−8%
- Americold Rlty−$44.4M−23%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 5 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 ↗ |