13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q4 2022. See the latest, Q3 2026 →
Reported value
$13.02B
+8.2% on the quarter before
Positions
1,318
61 new · 146 sold out
Top 10
38.1%
of the value
Est. gain
+$537.3M
on stocks held all quarter
Est. return
+5.5%
on those stocks since Q3 2022
Positions as of Dec 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, 59% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2022. Striped tiles are options.
Largest buys
Since Q3 2022, 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.
- Prologis~$292.5MAdded · 3.1% → 5.4%+2,595,119 shares
- Digital Realty~$147.0MAdded · 3.2% → 4.1%+1,466,351 shares
- Welltower~$107.9MAdded · 4.6% → 5.1%+1,645,769 shares
- Healthcare Rlty Tr Cl~$107.8MAdded · 1.0% → 1.7%+5,595,390 shares
- Realty Income~$90.0MAdded · 3.6% → 4.4%+1,419,353 shares
- Mid-Amer Apt Cmntys~$72.1MAdded · 2.2% → 2.6%+459,097 shares
- Invitation Homes~$55.5MAdded · 4.0% → 3.7%+1,874,106 shares
- Amazon~$42.4MAdded · 1.0% → 1.0%+504,711 shares
- AMD~$39.5MAdded · 0.1% → 0.4%+610,195 shares
- Equinix~$38.6MAdded · 2.2% → 2.6%+58,884 shares
Largest sells
Since Q3 2022, 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.
- Duke Realty~$310.1MSold out · 2.6% → 0.0%−6,432,650 shares
- Simon Ppty Group Inc~$98.7MCut · 3.5% → 3.5%−840,096 shares
- First Indl Rlty Tr~$91.7MCut · 1.3% → 0.6%−1,901,142 shares
- Public~$85.1MCut · 4.5% → 3.3%−303,672 shares
- Healthpeak Properties~$59.9MCut · 0.9% → 0.5%−2,387,719 shares
- Udr~$40.3MCut · 2.5% → 1.8%−1,040,569 shares
- Extra Space Storage~$37.8MCut · 2.4% → 1.6%−257,103 shares
- Kimco Rlty~$30.6MCut · 1.8% → 1.6%−1,445,605 shares
- Essex Ppty Tr~$29.0MCut · 0.8% → 0.4%−137,042 shares
- Akamai~$28.6MCut · 0.3% → 0.1%−27,074,000 shares
Holdings
As of Dec 31, 2022. Changes are in shares against Sep 30, 2022, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| PrologisCOM · shares +71% · price +11.0% | 5.4% | $703.3M | +$40.6M | ||||||||
| WelltowerCOM · shares +19% · price +1.9% | 5.1% | $669.3M | +$10.5M | ||||||||
| Realty IncomeCOM · shares +19% · price +9.0% | 4.4% | $568.0M | +$39.4M | ||||||||
| Digital RealtyCOM · shares +37% · price +1.1% | 4.1% | $540.0M | +$4.3M | ||||||||
| Invitation HomesCOM · shares +13% · price −12.2% | 3.7% | $479.9M | −$59.1M | ||||||||
| Simon Ppty Group IncCOM · shares −18% · price +30.9% | 3.5% | $452.7M | +$106.9M | ||||||||
| Global X FdsCONSCIOUS COS · shares +2.3% · price +8.5% | 3.3% | $435.3M | +$33.5M | ||||||||
| PublicCOM · shares −16% · price −4.3% | 3.3% | $431.3M | −$19.4M | ||||||||
| EquinixCOM · shares +13% · price +15.2% | 2.6% | $344.1M | +$40.2M | ||||||||
| Mid-Amer Apt CmntysCOM · shares +27% · price +1.2% | 2.6% | $341.9M | +$3.3M | ||||||||
| Sun CmntysCOM · shares +12% · price +5.7% | 2.2% | $287.7M | +$13.7M | ||||||||
| AppleCOM · shares +4.7% · price −6.0% | 1.8% | $238.0M | — | ||||||||
| UdrCOM · shares −15% · price −7.1% | 1.8% | $236.0M | −$18.2M | ||||||||
| Camden PptyTR SH BEN INT · shares +9.5% · price −6.3% | 1.8% | $234.8M | −$14.5M | ||||||||
| MicrosoftCOM · shares +3.3% · price +3.0% | 1.8% | $234.2M | +$6.5M | ||||||||
| Americold Realty TrustCOM · shares +0.8% · price +15.1% | 1.8% | $232.7M | +$30.2M | ||||||||
| Healthcare Rlty Tr ClCOM · shares +94% · price −7.6% | 1.7% | $222.6M | −$9.4M | ||||||||
| Kimco RltyCOM · shares −13% · price +15.0% | 1.6% | $213.8M | +$28.0M | ||||||||
| Extra Space StorageCOM · shares −15% · price −14.8% | 1.6% | $213.1M | −$37.0M | ||||||||
| Host Hotels & ResortsCOM · shares −0.6% · price +1.1% | 1.1% | $147.2M | +$1.6M | ||||||||
| Rexford Indl RltyCOM · shares −0.6% · price +5.1% | 1.1% | $139.8M | +$6.8M | ||||||||
| AmazonCOM · shares +48% · price −25.7% | 1.0% | $130.7M | — | ||||||||
| Cousins PptysCOM NEW · shares +2.6% · price +8.3% | 0.92% | $119.8M | +$9.0M | ||||||||
| Spirit Rlty Cap IncCOM NEW · shares −0.9% · price +10.4% | 0.92% | $119.2M | +$11.3M | ||||||||
| Lamar Advertising CoCL A · shares −20% · price +14.4% | 0.84% | $108.7M | +$13.7M | ||||||||
| Total · 1,318 positions | 100% | $13.02B | +$537.3M |
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 2022 to Q4 2022: 1,157 stocks held throughout, up $537.3M (+5.5%).
- Simon Ppty Group Inc+$106.9M+31%
- Prologis+$40.6M+11%
- Equinix+$40.2M+15%
- Realty Income+$39.4M+9%
- Global X Fds+$33.5M+9%
- Camden Ppty−$14.5M−6%
- Udr−$18.2M−7%
- Public−$19.4M−4%
- Extra Space Storage−$37.0M−15%
- Invitation Homes−$59.1M−12%
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 ↗ |