13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q4 2023. See the latest, Q3 2026 →
Reported value
$16.08B
+15% on the quarter before
Positions
1,320
111 new · 121 sold out
Top 10
35.0%
of the value
Est. gain
+$1.56B
on stocks held all quarter
Est. return
+13.8%
on those stocks since Q3 2023
Positions as of Dec 31, 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 Q3 2023. Striped tiles are options.
Largest buys
Since Q3 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.
- Iron Mountain~$108.2MAdded · 1.1% → 1.8%+1,546,592 shares
- Essex Ppty Tr~$88.6MAdded · 0.3% → 0.8%+357,268 shares
- Vici Pptys~$87.2MAdded · 1.1% → 1.6%+2,736,096 shares
- Wp Carey~$72.8MAdded · 1.0% → 1.5%+1,124,010 shares
- Extra Space Storage~$33.9MAdded · 2.2% → 2.7%+211,395 shares
- Amazon~$33.8MAdded · 1.2% → 1.5%+222,586 shares
- Tesla~$32.4MAdded · 0.8% → 0.9%+130,237 shares
- Icici Bank~$29.0MAdded · 0.5% → 0.6%+1,217,214 shares
- Nvidia~$24.9MAdded · 1.2% → 1.4%+50,297 shares
- Stag Indl~$23.3MAdded · 0.0% → 0.2%+594,076 shares
Largest sells
Since Q3 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.
- Mid-Amer Apt Cmntys~$135.7MCut · 2.3% → 1.2%−1,008,856 shares
- Camden Ppty Tr Sh~$129.2MCut · 1.6% → 0.7%−1,301,198 shares
- First Indl Rlty Tr~$79.3MCut · 0.5% → 0.0%−1,506,444 shares
- American Tower~$75.7MCut · 1.6% → 1.3%−350,478 shares
- Prologis~$39.7MCut · 5.1% → 5.0%−297,588 shares
- Simon Ppty Group Inc~$36.4MCut · 4.0% → 4.4%−255,131 shares
- Host Hotels & Resorts~$29.5MCut · 1.0% → 0.9%−1,513,665 shares
- Americold Realty Trust~$22.4MCut · 1.8% → 1.4%−741,111 shares
- Medical Pptys Trust~$21.1MCut · 0.4% → 0.1%−4,301,110 shares
- Apartment Income Reit~$21.0MCut · 0.7% → 0.5%−603,362 shares
Holdings
As of Dec 31, 2023. Changes are in shares against Sep 30, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| PrologisCOM · shares −4.7% · price +18.8% | 5.0% | $802.6M | +$127.0M | ||||||||
| WelltowerCOM · shares +1.3% · price +10.1% | 4.5% | $720.1M | +$65.1M | ||||||||
| Simon Ppty Group IncCOM · shares −4.9% · price +32.0% | 4.4% | $701.4M | +$170.2M | ||||||||
| Digital RealtyCOM · shares −2.1% · price +11.2% | 3.6% | $585.4M | +$59.0M | ||||||||
| Invitation HomesCOM · shares +0.1% · price +7.6% | 3.5% | $568.4M | +$40.3M | ||||||||
| Realty IncomeCOM · shares −2.7% · price +15.0% | 3.2% | $517.8M | +$67.5M | ||||||||
| EquinixCOM · shares −1.0% · price +10.9% | 2.8% | $442.6M | +$43.5M | ||||||||
| Global X Fds ConsciousCOS · shares +2.3% · price +11.9% | 2.7% | $441.6M | +$45.7M | ||||||||
| Extra Space StorageCOM · shares +8.4% · price +31.9% | 2.7% | $436.8M | +$97.4M | ||||||||
| MicrosoftCOM · shares +3.6% · price +19.1% | 2.6% | $416.8M | +$64.5M | ||||||||
| AppleCOM · shares +2.9% · price +12.7% | 2.4% | $391.3M | — | ||||||||
| Sun CmntysCOM · shares +1.2% · price +12.9% | 2.2% | $347.2M | +$39.3M | ||||||||
| Iron MountainCOM · shares +61% · price +17.7% | 1.8% | $286.0M | +$26.7M | ||||||||
| Vici PptysCOM · shares +50% · price +9.6% | 1.6% | $261.6M | +$15.2M | ||||||||
| Kimco RltyCOM · shares −0.1% · price +21.1% | 1.5% | $245.2M | +$42.8M | ||||||||
| Healthcare Rlty Tr ClCOM · shares −1.5% · price +12.8% | 1.5% | $244.5M | +$27.8M | ||||||||
| Wp CareyCOM · shares +45% · price +19.8% | 1.5% | $236.0M | +$27.0M | ||||||||
| AmazonCOM · shares +17% · price +19.5% | 1.5% | $234.4M | — | ||||||||
| UdrCOM · shares +7.1% · price +7.3% | 1.5% | $233.9M | +$14.9M | ||||||||
| Americold Realty TrustCOM · shares −8.9% · price −0.5% | 1.4% | $229.7M | −$1.1M | ||||||||
| NvidiaCOM · shares +13% · price +13.8% | 1.4% | $218.1M | — | ||||||||
| American TowerCOM · shares −26% · price +31.3% | 1.3% | $211.4M | +$50.4M | ||||||||
| Mid-Amer Apt CmntysCOM · shares −41% · price +4.5% | 1.2% | $195.6M | +$8.5M | ||||||||
| Palo Alto NetworksNOTE 0.375% 6/0 · shares −4.9% · price +25.9% | 1.0% | $166.3M | — | ||||||||
| MetaCL A · shares +7.7% · price +17.9% | 0.99% | $159.8M | +$22.5M | ||||||||
| Total · 1,320 positions | 100% | $16.08B | +$1.56B |
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 2023 to Q4 2023: 1,135 stocks held throughout, up $1.56B (+13.8%).
- Simon Ppty Group Inc+$170.2M+32%
- Prologis+$127.0M+19%
- Extra Space Storage+$97.4M+32%
- Realty Income+$67.5M+15%
- Welltower+$65.1M+10%
- Fox Factory Hldg−$2.0M−32%
- Pfizer−$2.1M−13%
- Cisco−$2.3M−6%
- Medical Pptys Trust−$2.6M−10%
- Chevron Corp−$4.4M−12%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 4 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 ↗ |