13F filer · CIK 1481045 ↗
Daiwa Securities Group Inc.
You are looking at Q1 2026. See the latest, Q3 2026 →
Reported value
$34.78B
+11% on the quarter before
Positions
1,176
131 new · 315 sold out
Top 10
40.9%
of the value
Est. gain
−$1.10B
on stocks held all quarter
Est. return
−3.8%
on those stocks since Q4 2025
Positions as of Mar 31, 2026, 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, 58% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2025. Striped tiles are options.
Largest buys
Since Q4 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.
- Microsoft~$1.06BAdded · 4.9% → 6.4%+2,858,722 shares
- Nvidia~$629.7MAdded · 5.8% → 6.7%+3,610,525 shares
- Alphabet~$531.5MAdded · 3.6% → 4.5%+1,848,211 shares
- Broadcom~$441.6MAdded · 3.5% → 4.1%+1,426,930 shares
- Micron~$412.8MAdded · 0.6% → 1.8%+1,221,866 shares
- Apple~$352.3MAdded · 5.1% → 5.3%+1,388,346 shares
- Alphabet~$330.7MAdded · 1.2% → 1.9%+1,152,890 shares
- Palantir~$257.2MAdded · 2.5% → 2.6%+1,758,001 shares
- UnitedHealth Group~$248.5MAdded · 0.2% → 0.9%+918,210 shares
- Amazon~$196.6MAdded · 4.0% → 3.8%+943,999 shares
Largest sells
Since Q4 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~$563.5MCut · 2.3% → 0.1%−1,443,434 shares
- Procter & Gamble~$115.2MCut · 0.6% → 0.2%−797,559 shares
- Procter And Gamble CoPUT~$114.6MSold out · 0.4% → 0.0%−800,000 underlying
- Invitation Homes~$106.2MCut · 0.9% → 0.4%−4,275,036 shares
- MicronPUT~$94.2MSold out · 0.3% → 0.0%−330,000 underlying
- Ishares Bitcoin Trust ETFPUT~$94.1MSold out · 0.3% → 0.0%−1,895,000 underlying
- Ishares Bitcoin Trust ETF~$94.1MSold out · 0.3% → 0.0%−1,895,000 shares
- American Express CoPUT~$81.4MSold out · 0.3% → 0.0%−220,000 underlying
- Digital Realty~$72.7MCut · 2.2% → 2.1%−403,521 shares
- Realty Income~$68.9MCut · 0.5% → 0.3%−1,126,815 shares
Holdings
As of Mar 31, 2026. Changes are in shares against Dec 31, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NvidiaCOM · shares +37% · price −6.5% | 6.7% | $2.32B | −$117.4M | ||||||||
| MicrosoftCOM · shares +90% · price −23.5% | 6.4% | $2.23B | −$358.9M | ||||||||
| AppleCOM · shares +24% · price −6.6% | 5.3% | $1.84B | −$105.7M | ||||||||
| AlphabetCAP STK CL A · shares +52% · price −8.1% | 4.5% | $1.56B | −$90.9M | ||||||||
| BroadcomCOM · shares +45% · price −10.6% | 4.1% | $1.41B | −$114.8M | ||||||||
| AmazonCOM · shares +17% · price −9.8% | 3.8% | $1.34B | −$123.6M | ||||||||
| MetaCL A · shares +7.7% · price −13.3% | 2.7% | $951.6M | −$135.8M | ||||||||
| PalantirCL A · shares +39% · price −17.7% | 2.6% | $909.4M | −$140.3M | ||||||||
| WelltowerCOM · shares −4.3% · price +6.5% | 2.4% | $846.9M | +$51.8M | ||||||||
| NetflixCOM · shares +2.4% · price +2.5% | 2.4% | $822.1M | +$20.0M | ||||||||
| Digital RealtyCOM · shares −8.9% · price +16.5% | 2.1% | $746.6M | +$105.6M | ||||||||
| AlphabetCAP STK CL C · shares +96% · price −8.6% | 1.9% | $676.3M | −$32.5M | ||||||||
| PrologisCOM · shares +1.3% · price +3.5% | 1.9% | $644.2M | +$21.8M | ||||||||
| MicronCOM · shares +185% · price +18.4% | 1.8% | $636.5M | +$34.7M | ||||||||
| VentasCOM · shares +14% · price +5.7% | 1.3% | $440.2M | +$20.7M | ||||||||
| EquinixCOM · shares −11% · price +27.9% | 1.2% | $430.7M | +$94.1M | ||||||||
| Extra Space StorageCOM · shares +5.4% · price +0.7% | 1.1% | $383.9M | +$2.5M | ||||||||
| Crown CastleCOM · shares +1.7% · price −8.5% | 1.0% | $356.6M | −$32.6M | ||||||||
| Iron MountainCOM · shares −15% · price +23.1% | 0.91% | $317.4M | +$59.6M | ||||||||
| UnitedHealth GroupCOM · shares +396% · price −18.0% | 0.89% | $311.1M | −$13.8M | ||||||||
| Kimco RealtyCOM · shares +14% · price +10.9% | 0.86% | $300.2M | +$25.8M | ||||||||
| Simon Property GroupCOM · shares −3.0% · price +0.8% | 0.85% | $294.4M | +$2.2M | ||||||||
| TeslaCOM · shares +9.9% · price −17.3% | 0.75% | $261.0M | −$49.8M | ||||||||
| Lam ResearchCOM NEW · shares +226% · price +24.8% | 0.72% | $249.1M | +$15.2M | ||||||||
| Public StorageCOM · shares +6.4% · price +4.4% | 0.69% | $241.3M | +$9.5M | ||||||||
| Total · 1,176 positions | 100% | $34.78B | −$1.10B |
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 2025 to Q1 2026: 1,028 stocks held throughout, down $1.10B (−3.8%).
- Digital Realty+$105.6M+16%
- Equinix+$94.1M+28%
- Iron Mountain+$59.6M+23%
- Welltower+$51.8M+7%
- ExxonMobil+$37.0M+41%
- Nvidia−$117.4M−6%
- Amazon−$123.6M−10%
- Meta−$135.8M−13%
- Palantir−$140.3M−18%
- Microsoft−$358.9M−23%
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 ↗ |