13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q1 2024. See the latest, Q3 2026 →
Reported value
$17.72B
+10% on the quarter before
Positions
1,313
68 new · 75 sold out
Top 10
32.9%
of the value
Est. gain
+$428.2M
on stocks held all quarter
Est. return
+3.2%
on those stocks since Q4 2023
Positions as of Mar 31, 2024, 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, 55% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2023. Striped tiles are options.
Largest buys
Since Q4 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.
- Essex Ppty Tr~$113.3MAdded · 0.8% → 1.4%+462,828 shares
- Equinix~$112.6MAdded · 2.8% → 3.2%+136,385 shares
- Microsoft~$101.3MAdded · 2.6% → 3.2%+240,751 shares
- Apple~$97.5MAdded · 2.4% → 2.5%+568,771 shares
- Vici Pptys~$92.6MAdded · 1.6% → 1.9%+3,109,028 shares
- Public~$87.0MAdded · 0.7% → 1.1%+299,826 shares
- Tesla~$84.6MAdded · 0.9% → 1.1%+481,307 shares
- Amazon~$80.7MAdded · 1.5% → 2.0%+447,632 shares
- Alphabet~$80.0MAdded · 0.9% → 1.3%+530,167 shares
- Broadcom~$75.3MAdded · 0.7% → 1.2%+56,797 shares
Largest sells
Since Q4 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~$123.7MCut · 1.2% → 0.4%−940,144 shares
- Simon Ppty Group Inc~$111.3MCut · 4.4% → 3.7%−711,270 shares
- Sun Cmntys~$106.3MCut · 2.2% → 1.3%−826,733 shares
- Wp Carey~$72.1MCut · 1.5% → 0.8%−1,277,699 shares
- Spirit Rlty Cap Inc~$70.5MSold out · 0.4% → 0.0%−1,612,520 shares
- Kimco Rlty~$55.8MCut · 1.5% → 1.0%−2,845,414 shares
- Invitation Homes~$53.4MCut · 3.5% → 3.0%−1,498,746 shares
- Camden Ppty Tr~$52.3MCut · 0.7% → 0.3%−531,287 shares
- Americold Realty Trust~$47.0MCut · 1.4% → 0.8%−1,884,786 shares
- Extra Space Storage~$43.9MCut · 2.7% → 2.0%−298,508 shares
Holdings
As of Mar 31, 2024. Changes are in shares against Dec 31, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| PrologisCOM · shares −2.4% · price −2.3% | 4.3% | $764.9M | −$18.1M | ||||||||
| WelltowerCOM · shares −0.6% · price +3.6% | 4.2% | $741.7M | +$26.0M | ||||||||
| Simon Ppty Group IncCOM · shares −14% · price +9.7% | 3.7% | $658.2M | +$58.3M | ||||||||
| Digital RealtyCOM · shares −6.9% · price +7.0% | 3.3% | $583.0M | +$38.3M | ||||||||
| MicrosoftCOM · shares +22% · price +11.9% | 3.2% | $567.6M | +$49.5M | ||||||||
| EquinixCOM · shares +25% · price +2.5% | 3.2% | $566.1M | +$11.0M | ||||||||
| Invitation HomesCOM · shares −9.0% · price +4.4% | 3.0% | $540.1M | +$22.7M | ||||||||
| Realty IncomeCOM · shares +2.2% · price −5.8% | 2.8% | $498.5M | −$29.9M | ||||||||
| Global X FdsCONSCIOUS COS · shares −3.8% · price +8.4% | 2.6% | $460.8M | +$35.9M | ||||||||
| AppleCOM · shares +28% · price −10.9% | 2.5% | $446.0M | −$42.8M | ||||||||
| NvidiaCOM · shares +9.2% · price +82.5% | 2.5% | $434.7M | — | ||||||||
| Iron MountainCOM · shares +12% · price +14.6% | 2.1% | $365.9M | +$41.8M | ||||||||
| AmazonCOM · shares +29% · price +18.7% | 2.0% | $359.1M | — | ||||||||
| Extra Space StorageCOM · shares −11% · price −8.3% | 2.0% | $356.6M | −$32.3M | ||||||||
| Vici PptysCOM · shares +38% · price −6.6% | 1.9% | $337.0M | −$17.1M | ||||||||
| MetaCL A · shares +28% · price +37.2% | 1.6% | $279.7M | +$59.4M | ||||||||
| UdrCOM · shares +22% · price −2.3% | 1.6% | $279.4M | −$5.4M | ||||||||
| Essex Ppty TrCOM · shares +87% · price −1.3% | 1.4% | $244.3M | −$1.7M | ||||||||
| AlphabetCL A · shares +51% · price +8.0% | 1.3% | $237.2M | — | ||||||||
| Sun CmntysCOM · shares −32% · price −3.8% | 1.3% | $227.7M | −$9.0M | ||||||||
| American TowerCOM · shares +16% · price −8.5% | 1.3% | $225.4M | −$17.9M | ||||||||
| BroadcomCOM · shares +54% · price +18.7% | 1.2% | $214.2M | +$21.9M | ||||||||
| Healthcare Rlty Tr ClCOM · shares −2.8% · price −17.9% | 1.1% | $195.3M | −$42.5M | ||||||||
| PublicCOM · shares +87% · price −4.9% | 1.1% | $187.1M | −$5.2M | ||||||||
| TeslaCOM · shares +83% · price −29.3% | 1.1% | $186.2M | — | ||||||||
| Total · 1,313 positions | 100% | $17.72B | +$428.2M |
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 2023 to Q1 2024: 1,201 stocks held throughout, up $428.2M (+3.2%).
- Meta+$59.4M+37%
- Simon Ppty Group Inc+$58.3M+10%
- Microsoft+$49.5M+12%
- Iron Mountain+$41.8M+15%
- Digital Realty+$38.3M+7%
- Realty Income−$29.9M−6%
- Americold Realty Trust−$30.5M−18%
- Extra Space Storage−$32.3M−8%
- Healthcare Rlty Tr Cl−$42.5M−18%
- Apple−$42.8M−11%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 5 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 ↗ |