13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q1 2022. See the latest, Q3 2026 →
Reported value
$15.95B
−6.2% on the quarter before
Positions
1,417
54 new · 53 sold out
Top 10
35.8%
of the value
Est. gain
−$743.8M
on stocks held all quarter
Est. return
−5.7%
on those stocks since Q4 2021
Positions as of Mar 31, 2022, 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, 60% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2021. Striped tiles are options.
Largest buys
Since Q4 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~$211.7MAdded · 2.2% → 3.4%+5,268,384 shares
- Camden Ppty Tr~$181.7MAdded · 0.0% → 1.2%+1,093,029 shares
- American Tower~$141.4MAdded · 0.9% → 1.7%+563,028 shares
- Prologis~$128.7MAdded · 3.8% → 4.7%+797,105 shares
- Extra Space Storage~$93.5MAdded · 1.9% → 2.5%+454,573 shares
- Mid-Amer Apt Cmntys~$90.0MAdded · 0.1% → 0.6%+429,584 shares
- Sun Cmntys~$54.2MAdded · 1.7% → 1.9%+309,145 shares
- Gen Digital~$50.9MNew · 0.0% → 0.3%+38,704,000 shares
- Global X Fds~$43.8MAdded · 2.6% → 2.9%+1,350,000 shares
- Nvidia~$32.7MAdded · 0.8% → 1.0%+120,015 shares
Largest sells
Since Q4 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.
- Ventas~$204.5MCut · 1.4% → 0.5%−3,310,597 shares
- Host Hotels & Resorts~$174.9MCut · 2.2% → 1.5%−9,003,056 shares
- Avalonbay Cmntys~$169.2MCut · 1.1% → 0.1%−681,206 shares
- Regency Ctrs~$137.1MCut · 0.9% → 0.0%−1,922,051 shares
- Essex Ppty Tr~$95.3MCut · 2.3% → 1.8%−275,883 shares
- Healthpeak Properties~$62.6MCut · 2.4% → 2.0%−1,822,761 shares
- Equinix~$57.4MCut · 2.5% → 2.0%−77,393 shares
- Vici Pptys~$53.5MCut · 2.2% → 1.9%−1,879,999 shares
- Apartment Income Reit~$41.3MCut · 1.4% → 1.2%−771,774 shares
- Palo Alto Networks~$39.3MCut · 0.4% → 0.2%−18,660,000 shares
Holdings
As of Mar 31, 2022. Changes are in shares against Dec 31, 2021, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| PublicCOM · shares −2.2% · price +4.2% | 4.8% | $772.7M | +$31.1M | ||||||||
| PrologisCOM · shares +21% · price −4.1% | 4.7% | $745.5M | −$26.3M | ||||||||
| WelltowerCOM · shares −1.3% · price +12.1% | 4.4% | $700.8M | +$75.6M | ||||||||
| Duke RealtyCOM NEW · shares −2.6% · price −11.5% | 3.9% | $627.7M | −$81.9M | ||||||||
| Simon Ppty Group IncCOM · shares −2.9% · price −17.7% | 3.5% | $557.2M | −$119.5M | ||||||||
| Invitation HomesCOM · shares +64% · price −11.4% | 3.4% | $543.4M | −$42.6M | ||||||||
| Realty IncomeCOM · shares −3.0% · price −3.2% | 3.0% | $485.6M | −$16.0M | ||||||||
| Global X FdsCONSCIOUS COS · shares +10% · price −6.0% | 2.9% | $467.4M | −$26.9M | ||||||||
| UdrCOM · shares −8.5% · price −4.4% | 2.6% | $413.4M | −$18.9M | ||||||||
| Extra Space StorageCOM · shares +31% · price −9.3% | 2.5% | $391.9M | −$30.7M | ||||||||
| Healthpeak PropertiesCOM · shares −16% · price −4.9% | 2.0% | $325.3M | −$16.7M | ||||||||
| EquinixCOM · shares −15% · price −12.3% | 2.0% | $320.1M | −$45.0M | ||||||||
| Digital RealtyCOM · shares +8.7% · price −19.8% | 2.0% | $318.2M | −$72.4M | ||||||||
| Vici PptysCOM · shares −15% · price −5.5% | 1.9% | $305.1M | −$17.7M | ||||||||
| AppleCOM · shares −1.1% · price −1.7% | 1.9% | $301.8M | — | ||||||||
| MicrosoftCOM · shares +3.0% · price −8.4% | 1.9% | $298.4M | — | ||||||||
| Sun CmntysCOM · shares +22% · price −16.5% | 1.9% | $298.1M | −$48.2M | ||||||||
| Essex Ppty TrCOM · shares −25% · price −1.9% | 1.8% | $282.2M | −$5.5M | ||||||||
| American TowerCOM · shares +109% · price −14.1% | 1.7% | $271.2M | −$21.3M | ||||||||
| Kimco RltyCOM · shares −6.9% · price +0.2% | 1.6% | $258.3M | +$523,218 | ||||||||
| Host Hotels & ResortsCOM · shares −43% · price +11.7% | 1.5% | $235.5M | +$24.7M | ||||||||
| Americold RltyCOM · shares +16% · price −15.0% | 1.5% | $233.1M | −$35.5M | ||||||||
| AmazonCOM · shares +8.9% · price −2.4% | 1.2% | $188.8M | — | ||||||||
| Camden Ppty TrSH BEN INT · shares +2,917% · price −7.0% | 1.2% | $187.9M | −$468,002 | ||||||||
| TeslaCOM · shares +16% · price +1.6% | 1.2% | $185.5M | — | ||||||||
| Total · 1,417 positions | 100% | $15.95B | −$743.8M |
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 2021 to Q1 2022: 1,233 stocks held throughout, down $743.8M (−5.7%).
- Welltower+$75.6M+12%
- Public+$31.1M+4%
- Host Hotels & Resorts+$24.7M+12%
- Ventas+$13.1M+21%
- Chevron Corp+$7.4M+39%
- Equinix−$45.0M−12%
- Sun Cmntys−$48.2M−17%
- Digital Realty−$72.4M−20%
- Duke Realty−$81.9M−12%
- Simon Ppty Group Inc−$119.5M−18%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 2 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 ↗ |