13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q4 2021. See the latest, Q3 2026 →
Reported value
$17.00B
+12% on the quarter before
Positions
1,416
155 new · 80 sold out
Top 10
33.8%
of the value
Est. gain
+$1.47B
on stocks held all quarter
Est. return
+13.0%
on those stocks since Q3 2021
Positions as of Dec 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, 59% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2021. Striped tiles are options.
Largest buys
Since Q3 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.
- Realty Income Corp~$467.9MAdded · 0.3% → 3.0%+6,535,728 shares
- American Tower~$141.5MAdded · 0.1% → 0.9%+483,781 shares
- Highwoods Pptys Inc~$90.9MAdded · 0.0% → 0.5%+2,039,041 shares
- Welltower Inc~$81.4MAdded · 3.5% → 3.7%+949,588 shares
- Prologis~$80.2MAdded · 2.8% → 3.8%+476,398 shares
- Global X Fds~$62.7MAdded · 2.3% → 2.6%+1,820,000 shares
- Global X Fds~$54.4MAdded · 0.1% → 0.4%+2,050,000 shares
- Invitation Homes Inc~$51.7MAdded · 1.8% → 2.2%+1,140,114 shares
- Microsoft~$50.8MAdded · 1.5% → 1.9%+150,886 shares
- Kimco Rlty Corp~$30.9MAdded · 1.4% → 1.6%+1,252,539 shares
Largest sells
Since Q3 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.
- Vereit~$434.3MSold out · 2.9% → 0.0%−9,602,860 shares
- Cyrusone Inc~$408.1MCut · 2.3% → 0.0%−4,549,013 shares
- Weyerhaeuser Co Mtn Be~$128.3MCut · 0.7% → 0.0%−3,115,495 shares
- Healthcare Tr Amer Inc~$68.5MCut · 1.2% → 0.8%−2,052,980 shares
- Ventas Inc~$63.3MCut · 2.1% → 1.4%−1,237,885 shares
- Healthpeak Properties Inc~$55.3MCut · 2.8% → 2.4%−1,533,446 shares
- Nvidia~$45.0MCut · 0.8% → 0.8%−152,805 shares
- Host Hotels & Resorts Inc~$41.9MCut · 2.5% → 2.2%−2,410,584 shares
- AMD~$37.7MCut · 0.3% → 0.1%−261,349 shares
- Salesforce~$30.2MCut · 0.4% → 0.2%−118,827 shares
Holdings
As of Dec 31, 2021. Changes are in shares against Sep 30, 2021, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Public StorageCOM · shares −3.0% · price +26.1% | 4.5% | $757.9M | +$156.7M | ||||||||
| Duke Realty CorpCOM NEW · shares −3.0% · price +37.1% | 4.3% | $728.9M | +$197.3M | ||||||||
| Simon Ppty Group Inc NewCOM · shares −3.6% · price +22.9% | 4.1% | $696.8M | +$130.0M | ||||||||
| PrologisCOM · shares +14% · price +34.2% | 3.8% | $643.1M | +$143.5M | ||||||||
| Welltower IncCOM · shares +15% · price +4.1% | 3.7% | $633.2M | +$21.7M | ||||||||
| Realty Income CorpCOM · shares +952% · price +10.4% | 3.0% | $517.1M | +$4.6M | ||||||||
| Udr IncCOM · shares −5.3% · price +13.2% | 2.8% | $472.4M | +$55.2M | ||||||||
| Global X FdsCONSCIOUS COS · shares +16% · price +9.9% | 2.6% | $450.5M | +$35.0M | ||||||||
| EquinixCOM · shares −5.9% · price +7.1% | 2.5% | $430.5M | +$28.4M | ||||||||
| Healthpeak Properties IncCOM · shares −12% · price +7.8% | 2.4% | $407.7M | +$29.5M | ||||||||
| Essex Ppty Tr IncCOM · shares −5.2% · price +10.2% | 2.3% | $384.9M | +$35.5M | ||||||||
| Vici Pptys IncCOM · shares −2.0% · price +6.0% | 2.2% | $379.4M | +$21.4M | ||||||||
| Invitation Homes IncCOM · shares +16% · price +18.3% | 2.2% | $374.3M | +$49.9M | ||||||||
| Host Hotels & Resorts IncCOM · shares −10% · price +6.5% | 2.2% | $367.3M | +$22.4M | ||||||||
| Digital RealtyCOM · shares −1.2% · price +22.4% | 2.1% | $365.1M | +$66.9M | ||||||||
| Extra Space Storage IncCOM · shares −3.1% · price +35.0% | 1.9% | $329.2M | +$85.3M | ||||||||
| MicrosoftCOM · shares +19% · price +19.4% | 1.9% | $316.3M | — | ||||||||
| AppleCOM · shares +7.8% · price +25.6% | 1.8% | $310.5M | — | ||||||||
| Sun Cmntys IncCOM · shares +5.4% · price +13.4% | 1.7% | $292.1M | +$32.8M | ||||||||
| Kimco Rlty CorpCOM · shares +13% · price +18.8% | 1.6% | $276.7M | +$38.9M | ||||||||
| Americold Rlty TrCOM · shares +8.4% · price +12.9% | 1.4% | $237.1M | +$24.9M | ||||||||
| Ventas IncCOM · shares −21% · price −7.4% | 1.4% | $232.3M | −$18.6M | ||||||||
| Apartment Income Reit CorpCOM · shares −2.2% · price +12.0% | 1.4% | $230.3M | +$24.7M | ||||||||
| Avalonbay Cmntys IncCOM · shares −12% · price +14.0% | 1.1% | $185.1M | +$22.7M | ||||||||
| AmazonCOM INC COM · shares −5.7% · price +1.7% | 1.0% | $177.7M | — | ||||||||
| Total · 1,416 positions | 100% | $17.00B | +$1.47B |
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 2021 to Q4 2021: 1,141 stocks held throughout, up $1.47B (+13.0%).
- Duke Realty Corp+$197.3M+37%
- Public Storage+$156.7M+26%
- Prologis+$143.5M+34%
- Simon Ppty Group Inc New+$130.0M+23%
- Extra Space Storage Inc+$85.3M+35%
- Global X Fds−$3.5M−7%
- Moderna Inc−$3.9M−34%
- Global X Fds−$7.7M−9%
- Global X Fds−$12.3M−12%
- Ventas Inc−$18.6M−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 ↗ |