13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q3 2023. See the latest, Q3 2026 →
Reported value
$14.04B
−7.2% on the quarter before
Positions
1,330
37 new · 60 sold out
Top 10
35.0%
of the value
Est. gain
−$798.8M
on stocks held all quarter
Est. return
−7.3%
on those stocks since Q2 2023
Positions as of Sep 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, 57% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2023. Striped tiles are options.
Largest buys
Since Q2 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.
- American Tower~$209.7MAdded · 0.1% → 1.6%+1,275,052 shares
- Wp Carey~$76.9MAdded · 0.5% → 1.0%+1,422,490 shares
- Extra Space Storage~$73.8MAdded · 1.9% → 2.2%+606,634 shares
- Iron Mountain~$40.0MAdded · 0.7% → 1.1%+672,684 shares
- Eastgroup Pptys~$37.3MAdded · 0.0% → 0.3%+224,014 shares
- Equinix~$36.9MAdded · 2.6% → 2.9%+50,786 shares
- Broadcom~$36.6MAdded · 0.3% → 0.6%+44,115 shares
- Icici Bank~$32.4MAdded · 0.2% → 0.5%+1,403,500 shares
- Palo Alto Networks~$20.9MAdded · 0.9% → 1.0%+8,872,000 shares
- Global X Fds~$19.7MAdded · 0.0% → 0.2%+550,000 shares
Largest sells
Since Q2 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.
- Meta~$153.9MCut · 1.8% → 0.9%−512,778 shares
- Digital Realty~$151.3MCut · 4.3% → 3.8%−1,250,510 shares
- Global X Fds~$109.0MCut · 3.4% → 2.7%−3,650,000 shares
- Cousins Pptys~$94.1MCut · 0.7% → 0.0%−4,619,368 shares
- First Indl Rlty Tr~$61.6MCut · 1.0% → 0.5%−1,294,156 shares
- Amazon~$54.6MCut · 1.5% → 1.2%−429,718 shares
- Public~$50.0MCut · 1.1% → 0.8%−189,812 shares
- Tesla~$38.3MCut · 1.0% → 0.8%−153,147 shares
- Spirit Rlty Cap Inc~$37.7MCut · 0.8% → 0.4%−1,124,046 shares
- AMD~$37.5MCut · 0.5% → 0.2%−364,645 shares
Holdings
As of Sep 30, 2023. Changes are in shares against Jun 30, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| PrologisCOM · shares −1.4% · price −8.5% | 5.1% | $709.0M | −$65.8M | ||||||||
| WelltowerCOM · shares −1.6% · price +1.3% | 4.6% | $646.1M | +$8.1M | ||||||||
| Simon Ppty Group IncCOM · shares −4.8% · price −6.5% | 4.0% | $558.8M | −$38.5M | ||||||||
| Digital RealtyCOM · shares −22% · price +6.3% | 3.8% | $537.4M | +$31.8M | ||||||||
| Invitation HomesCOM · shares −2.2% · price −7.9% | 3.8% | $527.3M | −$45.1M | ||||||||
| Realty IncomeCOM · shares +1.3% · price −16.5% | 3.3% | $463.0M | −$90.2M | ||||||||
| EquinixCOM · shares +10% · price −7.4% | 2.9% | $403.3M | −$29.1M | ||||||||
| Global X FdsCONSCIOUS COS · shares −22% · price −3.7% | 2.7% | $385.8M | −$15.0M | ||||||||
| MicrosoftCOM · shares +2.8% · price −7.3% | 2.4% | $337.9M | — | ||||||||
| AppleCOM · shares +4.2% · price −11.9% | 2.4% | $337.4M | — | ||||||||
| Mid-Amer Apt CmntysCOM · shares −0.10% · price −15.3% | 2.3% | $316.9M | −$57.2M | ||||||||
| Extra Space StorageCOM · shares +32% · price −18.3% | 2.2% | $305.5M | −$52.0M | ||||||||
| Sun CmntysCOM · shares +4.5% · price −9.3% | 2.2% | $303.7M | −$29.8M | ||||||||
| Americold Realty TrustCOM · shares −0.4% · price −5.9% | 1.8% | $253.3M | −$15.7M | ||||||||
| Camden Ppty TrSH BEN INT · shares −0.08% · price −13.1% | 1.6% | $230.1M | −$34.8M | ||||||||
| Healthcare Rlty Tr ClCOM · shares +4.1% · price −19.0% | 1.6% | $220.0M | −$49.7M | ||||||||
| American TowerCOM · shares +2,330% · price −15.2% | 1.6% | $218.7M | −$1.6M | ||||||||
| UdrCOM · shares −0.2% · price −17.0% | 1.4% | $203.5M | −$41.6M | ||||||||
| Kimco RltyCOM · shares −15% · price −10.8% | 1.4% | $202.6M | −$24.5M | ||||||||
| NvidiaCOM · shares −13% · price +2.8% | 1.2% | $169.7M | — | ||||||||
| AmazonCOM · shares −25% · price −2.5% | 1.2% | $167.8M | — | ||||||||
| Vici PptysCOM · shares +7.1% · price −7.4% | 1.1% | $159.1M | −$11.9M | ||||||||
| Iron MountainCOM · shares +36% · price +4.6% | 1.1% | $151.0M | +$4.9M | ||||||||
| Host Hotels & ResortsCOM · shares −0.5% · price −4.5% | 1.0% | $147.3M | −$7.0M | ||||||||
| Palo Alto NetworksNOTE 0.375% 6/0 · shares +18% · price −8.4% | 0.99% | $138.9M | — | ||||||||
| Total · 1,330 positions | 100% | $14.04B | −$798.8M |
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 Q2 2023 to Q3 2023: 1,134 stocks held throughout, down $798.8M (−7.3%).
- Digital Realty+$31.8M+6%
- Welltower+$8.1M+1%
- Alphabet+$7.1M+9%
- Amgen+$6.2M+21%
- Eli Lilly+$5.9M+15%
- Healthcare Rlty Tr Cl−$49.7M−19%
- Extra Space Storage−$52.0M−18%
- Mid-Amer Apt Cmntys−$57.2M−15%
- Prologis−$65.8M−8%
- Realty Income−$90.2M−16%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 1 split 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 ↗ |