SECURITY CAPITAL RESEARCH & MANAGEMENT INC

CIK

1068829

Location

CHICAGO, IL

Portfolio Value

Mid $1,789,502,233

Diversification

Diversified

Filing Date

Global Rank

#715 / 5,300 ▲ 30 · as of Jun 2020

Top Industry

REIT - Residential 40.9%

3Y Alpha vs SPY

-14.2%

Period ended 6 years ago

Filed Aug 14, 2020 · 5y

2 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

+19.4%

SPY

+76.5%

Annualised alpha

-14.8%

Max drawdown

−20.8%

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

27 positions · as of Jun 30, 2020 · Δ vs Mar 31, 2020

Top Position

12.4%

+1.3 pts

Top 5

50.2%

+4.5 pts

Top 10

76.2%

−1.1 pts

HHI

720

Diversified+26

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2020

Sector	% Portfolio	Value	Positions
Real Estate	100.0%	$1,789,502,233	27

Last Quarter's Activity

Export CSV

Jun 30, 2020 vs Mar 31, 2020

Added To

Positions the filer increased

17 positions

Ticker	Company	Δ Shares	Shares	Value
INVH	Invitation Homes Inc.	+6,044,335	7,428,145	$204,496,831
AMH	American Homes 4 Rent	+1,885,284	8,258,664	$222,158,061
SHO	Sunstone Hotel Investors, Inc.	+668,810	990,760	$8,074,694
CPT	Camden Property Trust	+606,145	629,570	$57,429,375
CUZ	Cousins Properties Inc	+502,335	815,149	$24,315,894
ARE	Alexandria Real Estate Equities, Inc.	+293,917	994,012	$161,278,447
DOC	Healthpeak Properties, Inc.	+246,285	1,916,055	$52,806,475
WELL	Welltower Inc.	+235,420	713,780	$36,938,115
HST	Host Hotels & Resorts, Inc.	+179,390	584,410	$6,305,783
AVB	Avalonbay Communities Inc	+173,620	862,258	$133,339,577
PSA	Public Storage	+133,515	401,053	$76,958,060
EQIX	Equinix Inc	+95,625	243,230	$170,820,429
REG	Regency Centers Corp	+69,135	680,070	$31,208,412
EXR	Extra Space Storage Inc.	+18,120	132,865	$12,272,740
ESS	Essex Property Trust, Inc.	+13,505	47,995	$10,999,014
PEB	Pebblebrook Hotel Trust	+5,295	90,510	$1,236,366
KRC	Kilroy Realty Corp	+3,535	119,615	$7,021,400
No positions match the current search.

Trimmed

Positions the filer reduced

9 positions

Ticker	Company	Δ Shares	Shares	Value
BDN	Brandywine Realty Trust	−1,988,720	5,537,465	$60,302,993
CUBE	CubeSmart	−1,438,660	938,795	$25,338,077
DEI	Douglas Emmett Inc	−1,351,595	1,112,023	$34,094,625
EQR	Equity Residential	−943,075	615,837	$36,223,532
BXP	BXP, Inc.	−150,255	682,170	$61,654,524
PLD	Prologis, Inc.	−90,265	1,372,358	$128,082,172
SPG	Simon Property Group Inc.	−58,542	77,375	$5,290,902
DLR	Digital Realty Trust, Inc.	−46,230	975,975	$138,695,807
VTR	Ventas, Inc.	−44,660	417,085	$15,273,652
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
UDR	UDR, Inc.	1,789,360	$66,886,276
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
VNO	Vornado Realty Trust	114,920	$4,161,253
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

27 positions · $1,789,502,233 total · as of Jun 30, 2020

All sectors Real Estate

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AMH	American Homes 4 Rent Real Estate	Added	8,258,664	+1,885,284	$222,158,061	+50.2%	12.41%
INVH	Invitation Homes Inc. Real Estate	Added	7,428,145	+6,044,335	$204,496,831	+591.5%	11.43%
EQIX	Equinix Inc Real Estate	Added	243,230	+95,625	$170,820,429	+85.3%	9.55%
ARE	Alexandria Real Estate Equities, Inc. Real Estate	Added	994,012	+293,917	$161,278,447	+68.1%	9.01%
DLR	Digital Realty Trust, Inc. Real Estate	Reduced	975,975	-46,230	$138,695,807	−2.3%	7.75%
AVB	Avalonbay Communities Inc Real Estate	Added	862,258	+173,620	$133,339,577	+31.6%	7.45%
PLD	Prologis, Inc. Real Estate	Reduced	1,372,358	-90,265	$128,082,172	+9.0%	7.16%
PSA	Public Storage Real Estate	Added	401,053	+133,515	$76,958,060	+44.8%	4.30%
UDR	UDR, Inc. Real Estate	NEW	1,789,360	NEW	$66,886,276	NEW	3.74%
BXP	BXP, Inc. Real Estate	Reduced	682,170	-150,255	$61,654,524	−19.7%	3.45%
BDN	Brandywine Realty Trust Real Estate	Reduced	5,537,465	-1,988,720	$60,302,993	−23.8%	3.37%
CPT	Camden Property Trust Real Estate	Added	629,570	+606,145	$57,429,375	+2993.9%	3.21%
DOC	Healthpeak Properties, Inc. Real Estate	Added	1,916,055	+246,285	$52,806,475	+32.6%	2.95%
WELL	Welltower Inc. Real Estate	Added	713,780	+235,420	$36,938,115	+68.7%	2.06%
EQR	Equity Residential Real Estate	Reduced	615,837	-943,075	$36,223,532	−62.3%	2.02%
DEI	Douglas Emmett Inc Real Estate	Reduced	1,112,023	-1,351,595	$34,094,625	−54.6%	1.91%
REG	Regency Centers Corp Real Estate	Added	680,070	+69,135	$31,208,412	+32.9%	1.74%
CUBE	CubeSmart Real Estate	Reduced	938,795	-1,438,660	$25,338,077	−60.2%	1.42%
CUZ	Cousins Properties Inc Real Estate	Added	815,149	+502,335	$24,315,894	+165.6%	1.36%
VTR	Ventas, Inc. Real Estate	Reduced	417,085	-44,660	$15,273,652	+23.4%	0.85%
EXR	Extra Space Storage Inc. Real Estate	Added	132,865	+18,120	$12,272,740	+11.7%	0.69%
ESS	Essex Property Trust, Inc. Real Estate	Added	47,995	+13,505	$10,999,014	+44.8%	0.61%
SHO	Sunstone Hotel Investors, Inc. Real Estate	Added	990,760	+668,810	$8,074,694	+188.0%	0.45%
KRC	Kilroy Realty Corp Real Estate	Added	119,615	+3,535	$7,021,400	−5.0%	0.39%
HST	Host Hotels & Resorts, Inc. Real Estate	Added	584,410	+179,390	$6,305,783	+41.0%	0.35%
SPG	Simon Property Group Inc. Real Estate	Reduced	77,375	-58,542	$5,290,902	−29.0%	0.30%
PEB	Pebblebrook Hotel Trust Real Estate	Added	90,510	+5,295	$1,236,366	+33.2%	0.07%