13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q2 2023. See the latest, Q3 2026 →
Reported value
$15.12B
+5.2% on the quarter before
Positions
1,353
83 new · 45 sold out
Top 10
36.3%
of the value
Est. gain
+$373.3M
on stocks held all quarter
Est. return
+3.5%
on those stocks since Q1 2023
Positions as of Jun 30, 2023, 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 Q1 2023. Striped tiles are options.
Largest buys
Since Q1 2023, 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~$111.6MAdded · 3.5% → 4.1%+966,094 shares
- Sun Cmntys~$100.4MAdded · 1.7% → 2.1%+769,749 shares
- Kimco Rlty~$99.7MAdded · 1.1% → 1.8%+5,055,952 shares
- Iron Mountain~$99.6MAdded · 0.0% → 0.7%+1,753,325 shares
- Medical Pptys Trust~$88.1MAdded · 0.0% → 0.6%+9,516,400 shares
- Wp Carey~$68.6MAdded · 0.0% → 0.5%+1,014,863 shares
- Extra Space Storage~$44.5MAdded · 1.8% → 1.9%+298,833 shares
- Meta~$34.7MAdded · 1.2% → 1.8%+121,085 shares
- First Indl Rlty Tr~$34.0MAdded · 0.8% → 1.0%+645,184 shares
- Vici Pptys~$25.2MAdded · 1.0% → 1.1%+801,908 shares
Largest sells
Since Q1 2023, 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.
- Public~$213.0MCut · 2.8% → 1.1%−729,733 shares
- Welltower~$149.9MCut · 4.9% → 4.3%−1,852,778 shares
- Rexford Indl Rlty~$132.7MCut · 1.4% → 0.3%−2,540,891 shares
- Tesla~$53.6MCut · 1.2% → 1.0%−204,676 shares
- Palo Alto Networks~$51.5MCut · 1.0% → 0.9%−20,000,000 shares
- Digital Realty~$46.6MCut · 4.2% → 4.3%−409,181 shares
- Udr~$38.4MCut · 1.9% → 1.6%−893,021 shares
- Invitation Homes~$38.2MCut · 3.9% → 3.9%−1,110,580 shares
- Apple~$31.1MCut · 2.4% → 2.4%−160,130 shares
- AMD~$21.7MCut · 0.6% → 0.5%−190,075 shares
Holdings
As of Jun 30, 2023. Changes are in shares against Mar 31, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| PrologisCOM · shares +2.5% · price −1.7% | 5.2% | $786.2M | −$13.4M | ||||||||
| WelltowerCOM · shares −19% · price +12.8% | 4.3% | $648.5M | +$73.8M | ||||||||
| Digital RealtyCOM · shares −6.7% · price +15.8% | 4.3% | $648.1M | +$88.6M | ||||||||
| Simon Ppty Group IncCOM · shares +22% · price +3.1% | 4.1% | $627.2M | +$15.7M | ||||||||
| Invitation HomesCOM · shares −6.1% · price +10.2% | 3.9% | $585.6M | +$54.0M | ||||||||
| Realty IncomeCOM · shares +0.6% · price −5.6% | 3.6% | $547.3M | −$32.1M | ||||||||
| Global X FdsCONSCIOUS COS · shares 0% · price +5.2% | 3.4% | $514.0M | +$25.4M | ||||||||
| EquinixCOM · shares −4.8% · price +8.7% | 2.6% | $395.5M | +$31.7M | ||||||||
| Mid-Amer Apt CmntysCOM · shares +6.4% · price +0.5% | 2.5% | $374.5M | +$1.9M | ||||||||
| AppleCOM · shares −7.8% · price +17.6% | 2.4% | $367.8M | — | ||||||||
| MicrosoftCOM · shares −4.9% · price +18.1% | 2.3% | $354.4M | — | ||||||||
| Sun CmntysCOM · shares +46% · price −7.4% | 2.1% | $320.5M | −$17.6M | ||||||||
| Extra Space StorageCOM · shares +19% · price −8.6% | 1.9% | $283.7M | −$22.6M | ||||||||
| Americold Realty TrustCOM · shares −0.3% · price +13.5% | 1.8% | $270.0M | +$32.2M | ||||||||
| MetaCL A · shares +15% · price +35.4% | 1.8% | $267.4M | — | ||||||||
| Kimco RltyCOM · shares +60% · price +1.0% | 1.8% | $265.8M | +$1.6M | ||||||||
| Camden Ppty TrSH BEN INT · shares −0.4% · price +3.8% | 1.8% | $265.1M | +$9.8M | ||||||||
| Healthcare Rlty Tr ClCOM · shares +2.2% · price −2.4% | 1.7% | $261.0M | −$6.4M | ||||||||
| UdrCOM · shares −14% · price +4.6% | 1.6% | $245.6M | +$10.9M | ||||||||
| AmazonCOM · shares +8.6% · price +26.2% | 1.5% | $228.1M | — | ||||||||
| NvidiaCOM · shares −4.2% · price +52.3% | 1.3% | $190.4M | — | ||||||||
| PublicCOM · shares −55% · price −3.4% | 1.1% | $173.2M | −$6.1M | ||||||||
| Vici PptysCOM · shares +19% · price −3.6% | 1.1% | $160.5M | −$5.1M | ||||||||
| TeslaCOM · shares −25% · price +26.2% | 1.0% | $157.3M | — | ||||||||
| Host Hotels & ResortsCOM · shares −0.9% · price +2.1% | 1.0% | $155.1M | +$3.1M | ||||||||
| Total · 1,353 positions | 100% | $15.12B | +$373.3M |
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 Q1 2023 to Q2 2023: 1,135 stocks held throughout, up $373.3M (+3.5%).
- Digital Realty+$88.6M+16%
- Welltower+$73.8M+13%
- Invitation Homes+$54.0M+10%
- Americold Realty Trust+$32.2M+14%
- Equinix+$31.7M+9%
- Healthcare Rlty Tr Cl−$6.4M−2%
- Prologis−$13.4M−2%
- Sun Cmntys−$17.6M−7%
- Extra Space Storage−$22.6M−9%
- Realty Income−$32.1M−6%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.
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 ↗ |