Heitman Real Estate Securities LLC

Broker-Dealer

CIK

1080117

Location

Chicago, IL

Portfolio Value

Mid $1,390,878,817

Diversification

Diversified

Filing Date

Global Rank

#1,227 / 8,232 ▲ 88

Top Industry

REIT - Industrial 20.6%

3Y Alpha vs SPY

-7.4%

Period ended 2 months ago

Filed May 15, 2026 · 30d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+45.8%

SPY

+76.3%

Annualised alpha

-7.4%

Max drawdown

−18.9%

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

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

Top Position

11.6%

−0.1 pts

Top 5

40.3%

+2.6 pts

Top 10

57.4%

+3.1 pts

HHI

486

Diversified+26

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Real Estate	100.0%	$1,390,878,817	56

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

22 positions

Ticker	Company	Δ Shares	Shares	Value
O	Realty Income Corp	+449,621	1,191,070	$72,869,662
NTST	NETSTREIT Corp.	+314,685	1,710,978	$32,217,715
DOC	Healthpeak Properties, Inc.	+212,166	1,610,660	$26,463,143
EXR	Extra Space Storage Inc.	+164,631	319,132	$41,847,779
FRT	Federal Realty Investment Trust	+155,060	158,933	$16,880,273
EQR	Equity Residential	+121,367	882,051	$52,173,316
SUI	Sun Communities Inc	+100,932	172,292	$21,701,900
FR	First Industrial Realty Trust Inc	+77,036	593,292	$34,321,942
WPC	W. P. Carey Inc.	+55,481	92,468	$6,284,125
DLR	Digital Realty Trust, Inc.	+52,588	282,108	$50,838,682
CTO	CTO Realty Growth, Inc.	+33,845	742,696	$13,732,449
WY	Weyerhaeuser Co	+17,800	192,400	$4,700,332
ESRT	Empire State Realty Trust, Inc.	+14,948	74,134	$385,496
AVB	Avalonbay Communities Inc	+13,714	79,983	$13,065,223
DEI	Douglas Emmett Inc	+9,359	43,686	$411,522
ESS	Essex Property Trust, Inc.	+8,055	139,229	$33,693,418
AMT	American Tower Corp /Ma/	+7,850	75,189	$12,976,117
SHO	Sunstone Hotel Investors, Inc.	+6,740	47,555	$428,470
VNO	Vornado Realty Trust	+5,035	15,783	$410,200
EQIX	Equinix Inc	+2,344	137,590	$134,871,221
BXP	BXP, Inc.	+1,676	7,401	$384,111
REXR	Rexford Industrial Realty, Inc.	+1,625	11,857	$388,079
No positions match the current search.

Trimmed

Positions the filer reduced

24 positions

Ticker	Company	Δ Shares	Shares	Value
AKR	Acadia Realty Trust	−718,282	1,314,130	$25,126,165
GLPI	Gaming & Leisure Properties, Inc.	−434,412	148,307	$6,580,381
INVH	Invitation Homes Inc.	−423,300	744,823	$18,508,851
CUBE	CubeSmart	−294,307	546,263	$20,020,538
IRM	Iron Mountain Inc	−230,954	259,594	$26,514,931
STAG	STAG Industrial, Inc.	−227,591	685,313	$24,712,386
ADC	Agree Realty Corp	−192,538	160,442	$12,094,117
COLD	Americold Realty Trust	−184,099	616,651	$7,066,820
VTR	Ventas, Inc.	−168,573	721,474	$59,002,143
MAA	Mid America Apartment Communities Inc.	−155,274	225,761	$27,569,933
HIW	Highwoods Properties, Inc.	−141,536	293,803	$6,290,322
CUZ	Cousins Properties Inc	−141,006	987,606	$22,290,267
ELS	Equity Lifestyle Properties Inc	−100,127	183,844	$11,475,542
WELL	Welltower Inc.	−76,941	815,770	$161,285,886
PSA	Public Storage	−66,635	104,211	$28,228,675
PLD	Prologis, Inc.	−41,597	982,653	$129,887,073
SPG	Simon Property Group Inc.	−32,431	329,763	$61,510,692
OUT	OUTFRONT Media Inc.	−29,824	553,689	$14,672,758
SBAC	Sba Communications Corp	−28,998	22,692	$3,905,520
SLG	Sl Green Realty Corp	−20,902	302,833	$11,186,651
OHI	Omega Healthcare Investors Inc	−19,485	447,459	$19,607,653
ARE	Alexandria Real Estate Equities, Inc.	−4,110	63,483	$2,946,880
VRE	Veris Residential, Inc.	−2,950	23,386	$441,293
HR	Healthcare Realty Trust Inc	−168	23,372	$397,090
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
DRH	DiamondRock Hospitality Co	2,674,549	$25,060,524
MAC	Macerich Co	1,135,006	$21,451,613
CURB	Curbline Properties Corp.	661,287	$17,054,591
VICI	Vici Properties Inc.	618,249	$16,890,562
JAN	Janus Living, Inc.	623,892	$14,705,134
XHR	Xenia Hotels & Resorts, Inc.	793,790	$11,771,905
CCI	Crown Castle Inc.	77,439	$6,296,565
UE	Urban Edge Properties	221,395	$4,423,472
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
BRX	Brixmor Property Group Inc.	1,849,851	$48,503,093
RHP	Ryman Hospitality Properties, Inc.	364,735	$34,511,225
BNL	Broadstone Net Lease, Inc.	1,289,541	$22,399,327
PK	Park Hotels & Resorts Inc.	667,204	$6,978,953
FCPT	Four Corners Property Trust, Inc.	72,097	$1,662,556
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

56 positions · $1,390,878,817 total · as of Mar 31, 2026

All sectors Real Estate

Showing 1–50 of 56 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	815,770	-76,941	$161,285,886	−2.7%	11.60%
EQIX	Equinix Inc Real Estate	Added	137,590	+2,344	$134,871,221	+30.2%	9.70%
PLD	Prologis, Inc. Real Estate	Reduced	982,653	-41,597	$129,887,073	−0.7%	9.34%
O	Realty Income Corp Real Estate	Added	1,191,070	+449,621	$72,869,662	+74.3%	5.24%
SPG	Simon Property Group Inc. Real Estate	Reduced	329,763	-32,431	$61,510,692	−8.3%	4.42%
VTR	Ventas, Inc. Real Estate	Reduced	721,474	-168,573	$59,002,143	−14.3%	4.24%
EQR	Equity Residential Real Estate	Added	882,051	+121,367	$52,173,316	+8.8%	3.75%
DLR	Digital Realty Trust, Inc. Real Estate	Added	282,108	+52,588	$50,838,682	+43.2%	3.66%
EXR	Extra Space Storage Inc. Real Estate	Added	319,132	+164,631	$41,847,779	+108.0%	3.01%
FR	First Industrial Realty Trust Inc Real Estate	Added	593,292	+77,036	$34,321,942	+16.1%	2.47%
ESS	Essex Property Trust, Inc. Real Estate	Added	139,229	+8,055	$33,693,418	−1.8%	2.42%
NTST	NETSTREIT Corp. Real Estate	Added	1,710,978	+314,685	$32,217,715	+30.8%	2.32%
PSA	Public Storage Real Estate	Reduced	104,211	-66,635	$28,228,675	−36.3%	2.03%
MAA	Mid America Apartment Communities Inc. Real Estate	Reduced	225,761	-155,274	$27,569,933	−47.9%	1.98%
IRM	Iron Mountain Inc Real Estate	Reduced	259,594	-230,954	$26,514,931	−34.8%	1.91%
DOC	Healthpeak Properties, Inc. Real Estate	Added	1,610,660	+212,166	$26,463,143	+17.7%	1.90%
AKR	Acadia Realty Trust Real Estate	Reduced	1,314,130	-718,282	$25,126,165	−39.8%	1.81%
DRH	DiamondRock Hospitality Co Real Estate	NEW	2,674,549	NEW	$25,060,524	NEW	1.80%
STAG	STAG Industrial, Inc. Real Estate	Reduced	685,313	-227,591	$24,712,386	−26.4%	1.78%
CUZ	Cousins Properties Inc Real Estate	Reduced	987,606	-141,006	$22,290,267	−23.4%	1.60%
SUI	Sun Communities Inc Real Estate	Added	172,292	+100,932	$21,701,900	+145.4%	1.56%
MAC	Macerich Co Real Estate	NEW	1,135,006	NEW	$21,451,613	NEW	1.54%
CUBE	CubeSmart Real Estate	Reduced	546,263	-294,307	$20,020,538	−33.9%	1.44%
OHI	Omega Healthcare Investors Inc Real Estate	Reduced	447,459	-19,485	$19,607,653	−5.3%	1.41%
INVH	Invitation Homes Inc. Real Estate	Reduced	744,823	-423,300	$18,508,851	−43.0%	1.33%
CURB	Curbline Properties Corp. Real Estate	NEW	661,287	NEW	$17,054,591	NEW	1.23%
VICI	Vici Properties Inc. Real Estate	NEW	618,249	NEW	$16,890,562	NEW	1.21%
FRT	Federal Realty Investment Trust Real Estate	Added	158,933	+155,060	$16,880,273	+4223.9%	1.21%
JAN	Janus Living, Inc. Real Estate	NEW	623,892	NEW	$14,705,134	NEW	1.06%
OUT	OUTFRONT Media Inc. Real Estate	Reduced	553,689	-29,824	$14,672,758	+4.3%	1.05%
CTO	CTO Realty Growth, Inc. Real Estate	Added	742,696	+33,845	$13,732,449	+5.2%	0.99%
AVB	Avalonbay Communities Inc Real Estate	Added	79,983	+13,714	$13,065,223	+8.7%	0.94%
AMT	American Tower Corp /Ma/ Real Estate	Added	75,189	+7,850	$12,976,117	+9.8%	0.93%
ADC	Agree Realty Corp Real Estate	Reduced	160,442	-192,538	$12,094,117	−52.4%	0.87%
XHR	Xenia Hotels & Resorts, Inc. Real Estate	NEW	793,790	NEW	$11,771,905	NEW	0.85%
ELS	Equity Lifestyle Properties Inc Real Estate	Reduced	183,844	-100,127	$11,475,542	−33.3%	0.83%
SLG	Sl Green Realty Corp Real Estate	Reduced	302,833	-20,902	$11,186,651	−24.7%	0.80%
COLD	Americold Realty Trust Real Estate	Reduced	616,651	-184,099	$7,066,820	−31.4%	0.51%
GLPI	Gaming & Leisure Properties, Inc. Real Estate	Reduced	148,307	-434,412	$6,580,381	−74.7%	0.47%
CCI	Crown Castle Inc. Real Estate	NEW	77,439	NEW	$6,296,565	NEW	0.45%
HIW	Highwoods Properties, Inc. Real Estate	Reduced	293,803	-141,536	$6,290,322	−44.0%	0.45%
WPC	W. P. Carey Inc. Real Estate	Added	92,468	+55,481	$6,284,125	+164.0%	0.45%
WY	Weyerhaeuser Co Real Estate	Added	192,400	+17,800	$4,700,332	+13.6%	0.34%
UE	Urban Edge Properties Real Estate	NEW	221,395	NEW	$4,423,472	NEW	0.32%
SBAC	Sba Communications Corp Real Estate	Reduced	22,692	-28,998	$3,905,520	−60.9%	0.28%
ARE	Alexandria Real Estate Equities, Inc. Real Estate	Reduced	63,483	-4,110	$2,946,880	−10.9%	0.21%
PEB	Pebblebrook Hotel Trust Real Estate	Held	36,494	0	$460,919	+11.6%	0.03%
VRE	Veris Residential, Inc. Real Estate	Reduced	23,386	-2,950	$441,293	+12.6%	0.03%
SHO	Sunstone Hotel Investors, Inc. Real Estate	Added	47,555	+6,740	$428,470	+17.4%	0.03%
DEI	Douglas Emmett Inc Real Estate	Added	43,686	+9,359	$411,522	+9.1%	0.03%