13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q3 2025. See the latest, Q3 2026 →
Reported value
$29.63B
+9.4% on the quarter before
Positions
1,333
92 new · 60 sold out
Top 10
36.4%
of the value
Est. gain
+$1.61B
on stocks held all quarter
Est. return
+6.3%
on those stocks since Q2 2025
Positions as of Sep 30, 2025, 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 Q2 2025. Striped tiles are options.
Largest buys
Since Q2 2025, 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.
- CrowdStrike~$175.5MAdded · 2.0% → 2.4%+357,865 shares
- ServiceNow~$137.2MAdded · 2.0% → 2.1%+149,116 shares
- Equity Lifestyle Pptys Inc~$137.0MAdded · 0.2% → 0.6%+2,257,299 shares
- Microsoft~$116.4MAdded · 4.9% → 5.0%+224,805 shares
- Netflix~$113.2MAdded · 2.5% → 2.5%+94,448 shares
- Crown Castle Inc~$112.7MAdded · 1.0% → 1.3%+1,168,132 shares
- Amazon~$102.5MAdded · 3.5% → 3.6%+466,948 shares
- Nvidia~$79.3MAdded · 5.0% → 5.7%+425,156 shares
- Meta~$70.8MAdded · 3.2% → 3.1%+96,370 shares
- Bxp Inc~$65.0MAdded · 0.3% → 0.5%+873,974 shares
Largest sells
Since Q2 2025, 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.
- Global X Fds~$133.8MCut · 1.8% → 1.3%−3,100,000 shares
- Sun Cmntys Inc~$125.2MCut · 1.3% → 0.8%−970,795 shares
- Sba Communications Corp New~$96.7MCut · 0.5% → 0.0%−500,295 shares
- Welltower Inc~$79.1MCut · 3.0% → 3.0%−444,093 shares
- Mid-Amer Apt Cmntys Inc~$74.6MCut · 0.4% → 0.1%−534,071 shares
- Icici Bank Limited~$67.2MCut · 0.8% → 0.6%−1,695,757 shares
- Alphabet~$60.4MCut · 2.6% → 3.0%−248,556 shares
- Prologis~$57.8MCut · 2.3% → 2.1%−504,303 shares
- Invesco Qqq Tr~$49.3MCut · 0.6% → 0.5%−82,117 shares
- Public Storage Oper Co~$46.1MCut · 1.0% → 0.7%−159,697 shares
Holdings
As of Sep 30, 2025. Changes are in shares against Jun 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NvidiaCOM · shares +5.0% · price +18.1% | 5.7% | $1.68B | +$245.3M | ||||||||
| MicrosoftCOM · shares +8.4% · price +4.1% | 5.0% | $1.50B | +$54.7M | ||||||||
| AppleCOM · shares +3.1% · price +24.1% | 5.0% | $1.48B | +$279.1M | ||||||||
| AmazonCOM · shares +11% · price +0.1% | 3.6% | $1.06B | +$784,172 | ||||||||
| BroadcomCOM · shares −4.0% · price +19.7% | 3.1% | $932.7M | +$153.4M | ||||||||
| MetaCL A · shares +8.2% · price −0.5% | 3.1% | $931.2M | −$4.3M | ||||||||
| AlphabetCAP STK CL A · shares −6.3% · price +37.9% | 3.0% | $892.8M | +$245.6M | ||||||||
| Welltower IncCOM · shares −8.3% · price +15.9% | 3.0% | $874.2M | +$119.8M | ||||||||
| NetflixCommon stock · shares +18% · price −10.5% | 2.5% | $731.3M | −$72.3M | ||||||||
| Digital RealtyCOM · shares −0.3% · price −0.8% | 2.4% | $711.7M | −$6.0M | ||||||||
| CrowdStrikeCL A · shares +33% · price −3.7% | 2.4% | $699.6M | −$20.2M | ||||||||
| ServiceNowCOM · shares +28% · price −10.5% | 2.1% | $624.3M | −$57.1M | ||||||||
| PrologisCOM · shares −8.7% · price +8.9% | 2.1% | $608.1M | +$49.9M | ||||||||
| Invitation Homes IncCOM · shares +8.8% · price −10.6% | 1.4% | $424.9M | −$46.2M | ||||||||
| Global X FdsCONSCIOUS COS · shares −25% · price +6.8% | 1.3% | $391.6M | +$25.1M | ||||||||
| Crown Castle IncCOM · shares +42% · price −6.1% | 1.3% | $379.3M | −$17.2M | ||||||||
| EquinixCOM · shares −0.8% · price −1.5% | 1.3% | $373.0M | −$5.8M | ||||||||
| Extra Space Storage IncCOM · shares −2.6% · price −4.4% | 1.2% | $365.0M | −$16.8M | ||||||||
| Simon Ppty Group Inc NewCOM · shares −9.1% · price +16.7% | 1.2% | $349.4M | +$50.1M | ||||||||
| Iron MountainCOM · shares +6.6% · price −0.6% | 1.1% | $321.2M | −$1.9M | ||||||||
| Essex Ppty Tr IncCOM · shares +9.5% · price −5.6% | 1.0% | $309.8M | −$16.6M | ||||||||
| TeslaCOM · shares +5.7% · price +40.0% | 0.92% | $272.7M | +$73.7M | ||||||||
| AlphabetCAP STK CL C · shares +2.3% · price +37.3% | 0.91% | $270.5M | +$71.8M | ||||||||
| Kimco Rlty CorpCOM · shares +0.5% · price +3.9% | 0.90% | $266.5M | +$10.1M | ||||||||
| Host Hotels & Resorts IncCOM · shares −16% · price +10.8% | 0.82% | $244.2M | +$23.8M | ||||||||
| Total · 1,333 positions | 100% | $29.63B | +$1.61B |
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 2025 to Q3 2025: 1,226 stocks held throughout, up $1.61B (+6.3%).
- Apple+$279.1M+24%
- Alphabet+$245.6M+38%
- Nvidia+$245.3M+18%
- Broadcom+$153.4M+20%
- Welltower Inc+$119.8M+16%
- Udr Inc−$18.6M−9%
- CrowdStrike−$20.2M−4%
- Invitation Homes Inc−$46.2M−11%
- ServiceNow−$57.1M−10%
- Netflix−$72.3M−10%
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 ↗ |