CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC

CIK

1033984

Location

RADNOR, PA

Portfolio Value

Mid $6,728,235,428

Diversification

Diversified

Filing Date

Global Rank

#541 / 8,610 ▲ 6 · as of Mar 2026

Top Industry

Utilities - Regulated Electric 22.0%

3Y Alpha vs SPY

-9.6%

Period ended 4 months ago

Filed May 14, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+34.9%

SPY

+73.3%

Annualised alpha

-9.6%

Max drawdown

−16.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

94 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.8%

+0.0 pts

Top 5

27.2%

+1.3 pts

Top 10

40.0%

+1.4 pts

HHI

290

Diversified+14

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Real Estate	66.3%	$4,460,428,522	60
Utilities	29.0%	$1,951,324,017	25
Energy	3.8%	$256,717,167	5
Industrials	0.5%	$33,675,936	2
Consumer Cyclical	0.4%	$26,089,786	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
GLPI	Gaming & Leisure Properties, Inc.	+1,406,273	1,472,552	$65,337,132
PPL	PPL Corp	+1,162,331	4,619,677	$176,471,661
O	Realty Income Corp	+897,371	1,352,780	$82,763,080
EQR	Equity Residential	+854,555	1,551,526	$91,772,762
EPRT	Essential Properties Realty Trust, Inc.	+683,196	2,203,346	$66,893,584
GTY	Getty Realty Corp /Md/	+567,328	1,369,988	$43,565,618
SO	Southern Co	+560,445	745,127	$71,919,658
BNL	Broadstone Net Lease, Inc.	+553,975	670,318	$12,246,709
CPT	Camden Property Trust	+502,041	771,158	$75,311,290
AMT	American Tower Corp /Ma/	+321,307	1,110,227	$191,602,975
SUI	Sun Communities Inc	+274,598	536,746	$67,608,526
XEL	Xcel Energy Inc	+273,054	2,597,721	$206,362,956
CUZ	Cousins Properties Inc	+268,728	1,209,915	$27,307,781
PEG	Public Service Enterprise Group Inc	+254,644	2,201,156	$178,183,578
ELS	Equity Lifestyle Properties Inc	+254,421	292,716	$18,271,332
ATO	Atmos Energy Corp	+228,532	757,953	$140,009,078
DLR	Digital Realty Trust, Inc.	+195,424	444,106	$80,032,342
CEG	Constellation Energy Corp	+191,500	415,038	$115,899,361
CSR	Centerspace	+180,384	231,462	$13,297,491
AWK	American Water Works Company, Inc.	+179,760	201,190	$27,379,947
EGP	Eastgroup Properties Inc	+80,309	791,418	$146,483,557
FRT	Federal Realty Investment Trust	+69,156	174,882	$18,574,217
CPK	Chesapeake Utilities Corp	+54,552	256,816	$32,453,837
HLT	Hilton Worldwide Holdings Inc.	+45,838	82,796	$25,176,607
WEC	Wec Energy Group, Inc.	+39,957	1,376,051	$159,305,424
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AES	Aes Corp	−3,466,533	4,399,061	$61,982,769
DOC	Healthpeak Properties, Inc.	−3,153,680	2,543,209	$41,784,923
UDR	UDR, Inc.	−2,151,001	2,536,006	$85,666,282
VICI	Vici Properties Inc.	−1,716,713	5,346,551	$146,067,773
WTRG	Essential Utilities, Inc.	−1,670,277	301,609	$12,145,794
AMH	American Homes 4 Rent	−1,598,741	3,251,430	$90,779,925
HST	Host Hotels & Resorts, Inc.	−1,287,891	881,580	$16,891,072
INVH	Invitation Homes Inc.	−1,284,251	435,438	$10,820,634
CNP	Centerpoint Energy Inc	−1,029,436	7,389	$318,909
IRT	Independence Realty Trust, Inc.	−1,002,755	868,848	$12,937,146
CDP	Copt Defense Properties	−909,445	107,503	$3,289,591
NEE	Nextera Energy Inc	−856,805	31,592	$2,934,264
UNP	Union Pacific Corp	−706,775	136,000	$32,996,320
LXP	LXP Industrial Trust	−690,692	51,192	$2,368,141
REG	Regency Centers Corp	−614,008	1,265,357	$95,736,910
ETR	Entergy Corp /De/	−537,150	1,231,965	$138,423,587
ESRT	Empire State Realty Trust, Inc.	−478,477	687,840	$3,576,768
OHI	Omega Healthcare Investors Inc	−462,417	1,760,382	$77,139,939
STAG	STAG Industrial, Inc.	−452,193	3,170,619	$114,332,521
BRX	Brixmor Property Group Inc.	−425,279	4,915,727	$141,572,937
SHO	Sunstone Hotel Investors, Inc.	−420,263	3,961,704	$35,694,953
OGE	Oge Energy Corp.	−400,454	1,815,118	$87,053,059
CUBE	CubeSmart	−375,433	3,094,291	$113,405,765
TRGP	Targa Resources Corp.	−288,017	335,913	$84,223,466
LNG	Cheniere Energy, Inc.	−251,489	509,690	$144,629,634
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
EVRG	Evergy, Inc.	1,389,642	$113,839,472
AEP	American Electric Power Co Inc	751,551	$98,513,305
OGS	ONE Gas, Inc.	371,334	$31,982,997
MAA	Mid America Apartment Communities Inc.	129,562	$15,822,111
JAN	Janus Living, Inc.	527,940	$12,443,545
EPR	Epr Properties	186,519	$9,318,489
CURB	Curbline Properties Corp.	139,113	$3,587,724
KMI	Kinder Morgan, Inc.	6,251	$209,596
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
ED	Consolidated Edison Inc	508,222	$50,476,609
CWEN	Clearway Energy, Inc.	608,327	$20,232,956
VRE	Veris Residential, Inc.	1,350,832	$20,100,380
CSX	Csx Corp	542,675	$19,671,968
SMA	SmartStop Self Storage REIT, Inc.	371,785	$11,503,027
NSA	National Storage Affiliates Trust	316,068	$8,916,278
PK	Park Hotels & Resorts Inc.	800,659	$8,374,893
UNIT	Uniti Group Inc.	380,042	$2,664,094
ES	Eversource Energy	3,337	$224,680
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

94 positions · $6,728,235,428 total · as of Mar 31, 2026

All sectors Consumer Cyclical Energy Industrials Real Estate Utilities

Showing 1–50 of 94 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
WELL	Welltower Inc. Real Estate	Reduced	3,006,833	-222,845	$594,480,952	−0.8%	8.84%
EQIX	Equinix Inc Real Estate	Reduced	528,634	-60,597	$518,188,192	+14.8%	7.70%
PLD	Prologis, Inc. Real Estate	Added	2,183,891	+31,708	$288,666,712	+5.1%	4.29%
SPG	Simon Property Group Inc. Real Estate	Reduced	1,209,585	-80,454	$225,623,890	−5.5%	3.35%
XEL	Xcel Energy Inc Utilities	Added	2,597,721	+273,054	$206,362,956	+20.2%	3.07%
AMT	American Tower Corp /Ma/ Real Estate	Added	1,110,227	+321,307	$191,602,975	+38.3%	2.85%
PEG	Public Service Enterprise Group Inc Utilities	Added	2,201,156	+254,644	$178,183,578	+14.0%	2.65%
PPL	PPL Corp Utilities	Added	4,619,677	+1,162,331	$176,471,661	+45.8%	2.62%
WEC	Wec Energy Group, Inc. Utilities	Added	1,376,051	+39,957	$159,305,424	+13.1%	2.37%
VTR	Ventas, Inc. Real Estate	Added	1,890,027	+38,059	$154,566,408	+7.9%	2.30%
EGP	Eastgroup Properties Inc Real Estate	Added	791,418	+80,309	$146,483,557	+15.6%	2.18%
VICI	Vici Properties Inc. Real Estate	Reduced	5,346,551	-1,716,713	$146,067,773	−26.5%	2.17%
LNG	Cheniere Energy, Inc. Energy	Reduced	509,690	-251,489	$144,629,634	−2.3%	2.15%
BRX	Brixmor Property Group Inc. Real Estate	Reduced	4,915,727	-425,279	$141,572,937	+1.1%	2.10%
ATO	Atmos Energy Corp Utilities	Added	757,953	+228,532	$140,009,078	+57.8%	2.08%
ETR	Entergy Corp /De/ Utilities	Reduced	1,231,965	-537,150	$138,423,587	−15.3%	2.06%
FR	First Industrial Realty Trust Inc Real Estate	Reduced	2,228,576	-116,716	$128,923,121	−4.0%	1.92%
IRM	Iron Mountain Inc Real Estate	Reduced	1,237,915	-208,682	$126,440,638	+5.4%	1.88%
PCG	PG&E Corp Utilities	Reduced	6,835,122	-113,377	$120,093,093	+7.6%	1.78%
CEG	Constellation Energy Corp Utilities	Added	415,038	+191,500	$115,899,361	+46.8%	1.72%
STAG	STAG Industrial, Inc. Real Estate	Reduced	3,170,619	-452,193	$114,332,521	−14.1%	1.70%
EVRG	Evergy, Inc. Utilities	NEW	1,389,642	NEW	$113,839,472	NEW	1.69%
CUBE	CubeSmart Real Estate	Reduced	3,094,291	-375,433	$113,405,765	−9.3%	1.69%
CMS	Cms Energy Corp Utilities	Reduced	1,332,742	-148,166	$103,394,124	−0.2%	1.54%
AEP	American Electric Power Co Inc Utilities	NEW	751,551	NEW	$98,513,305	NEW	1.46%
REG	Regency Centers Corp Real Estate	Reduced	1,265,357	-614,008	$95,736,910	−26.2%	1.42%
EQR	Equity Residential Real Estate	Added	1,551,526	+854,555	$91,772,762	+108.9%	1.36%
AMH	American Homes 4 Rent Real Estate	Reduced	3,251,430	-1,598,741	$90,779,925	−41.7%	1.35%
OGE	Oge Energy Corp. Utilities	Reduced	1,815,118	-400,454	$87,053,059	−8.0%	1.29%
UDR	UDR, Inc. Real Estate	Reduced	2,536,006	-2,151,001	$85,666,282	−50.2%	1.27%
TRGP	Targa Resources Corp. Energy	Reduced	335,913	-288,017	$84,223,466	−26.8%	1.25%
O	Realty Income Corp Real Estate	Added	1,352,780	+897,371	$82,763,080	+222.4%	1.23%
DLR	Digital Realty Trust, Inc. Real Estate	Added	444,106	+195,424	$80,032,342	+108.0%	1.19%
OHI	Omega Healthcare Investors Inc Real Estate	Reduced	1,760,382	-462,417	$77,139,939	−21.7%	1.15%
CPT	Camden Property Trust Real Estate	Added	771,158	+502,041	$75,311,290	+154.2%	1.12%
SO	Southern Co Utilities	Added	745,127	+560,445	$71,919,658	+346.6%	1.07%
SUI	Sun Communities Inc Real Estate	Added	536,746	+274,598	$67,608,526	+108.1%	1.00%
EPRT	Essential Properties Realty Trust, Inc. Real Estate	Added	2,203,346	+683,196	$66,893,584	+48.4%	0.99%
GLPI	Gaming & Leisure Properties, Inc. Real Estate	Added	1,472,552	+1,406,273	$65,337,132	+2105.8%	0.97%
AES	Aes Corp Utilities	Reduced	4,399,061	-3,466,533	$61,982,769	−45.0%	0.92%
PSA	Public Storage Real Estate	Reduced	219,284	-111,203	$59,399,649	−30.7%	0.88%
AHR	American Healthcare REIT, Inc. Real Estate	Reduced	1,258,041	-246,644	$59,329,213	−16.2%	0.88%
CCI	Crown Castle Inc. Real Estate	Reduced	562,049	-147,560	$45,700,204	−27.5%	0.68%
GTY	Getty Realty Corp /Md/ Real Estate	Added	1,369,988	+567,328	$43,565,618	+98.3%	0.65%
DOC	Healthpeak Properties, Inc. Real Estate	Reduced	2,543,209	-3,153,680	$41,784,923	−54.4%	0.62%
VNO	Vornado Realty Trust Real Estate	Reduced	1,408,289	-136,134	$36,601,431	−28.8%	0.54%
SHO	Sunstone Hotel Investors, Inc. Real Estate	Reduced	3,961,704	-420,263	$35,694,953	−8.9%	0.53%
UNP	Union Pacific Corp Industrials	Reduced	136,000	-706,775	$32,996,320	−83.1%	0.49%
CPK	Chesapeake Utilities Corp Utilities	Added	256,816	+54,552	$32,453,837	+28.6%	0.48%
OGS	ONE Gas, Inc. Utilities	NEW	371,334	NEW	$31,982,997	NEW	0.48%