CENTERSQUARE INVESTMENT MANAGEMENT LLC

Registered adviser

CIK

1725296

Location

CONSHOHOCKEN, PA

Portfolio Value

Large $11,717,428,555

Diversification

Diversified

Reports for

BANK OF NEW YORK MELLON BNY Mellon Investment Adviser, Inc. Bank of New York Mellon Corp

Filing Date

Global Rank

#485 / 8,825 ▲ 6

Top Industry

REIT - Industrial 20.2%

Period ended 4 months ago

Filed Aug 7, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 290078

Roster of Nov 1, 2026

Regulatory AUM

$13,695,107,341

Main clients

Diversified

Private funds

19 funds · Real estate funds

Focus by gross assets, Schedule D of Dec 26, 2024

$1,146,221,557 gross assets

LEI

549300472EWJAQJ5WO23

Private funds on Schedule D 7.B.(1)

As filed Dec 26, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$1,591,894,836 gross assets in 23 funds Real estate funds $1,452,034,988 (21) Other private funds $139,859,848 (2)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$13,695,107,341	Diversified
Dec 2025 to Mar 2026	$13,424,841,442	Diversified
Apr 2025 to Sep 2025	$13,424,841,442	Diversified
Jan 2025 to Mar 2025	$13,493,087,310	Diversified
Apr 2024 to Dec 2024	$12,157,447,110	Diversified
May 2023 to Mar 2024	$11,754,262,281	Diversified

6 earlier changes not shown.

Stated strategy

Quantitative / systematic, Fundamental active, Value, Private markets Form ADV Part 2A, Mar 31, 2026 · original

In the firm's words

Quantitative / systematic: The final phase of the bottom-up portion of our process involves evaluating each security using our proprietary valuation models.
Fundamental active: The bottom-up element focuses on detailed stock-level analysis.
Value: CenterSquare layers pricing considerations into this relative value analysis in order to determine which property sectors to overweight or underweight.
Private markets: The Private Company Investments in which CenterSquare invests on behalf of its client accounts will consist of investments that are subject to restrictions on resale.

Stated strategy

Private markets, Fixed income / rates, Income Form ADV Part 2A, Mar 31, 2026 · original

In the firm's words

Private markets: CenterSquare invests client assets in both value-added and core-plus real estate strategies.
Fixed income / rates: For private debt and debt like investments, CenterSquare will originate high-yield or core-plus loans to Sponsors seeking credit facilities on assets located in the United States.
Income: For this strategy, CenterSquare and its respective operating partners (if any) seek to maximize distributable cash flow to our clients while adding value by implementing one or more of the following:

Schedule 13D/13G stakes

Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.

No stake currently held at or above 5%.

A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis. Show 1 exited, below-5% or retired stake

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 53.6%, 23.2 effective positions, active share 95.9% against the S&P MidCap 400 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

21.9% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 23.0 quarters (12+), a floor since 80.3% of the book was already held when coverage starts

Closest benchmark: the S&P MidCap 400 as of 2026-06-30, active share 95.9%; sector active share 97.7% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

80 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

10.9%

+0.2 pts

Top 5

37.7%

−0.6 pts

Top 10

53.6%

−0.4 pts

HHI

430

Diversified−5

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Real Estate	99.9%	$11,709,018,240	77
Consumer Cyclical	0.1%	$7,743,008	1
Utilities	0.0%	$373,022	1
Technology	0.0%	$294,285	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SBRA	Sabra Health Care REIT, Inc.	+1,936,617	5,814,427	$113,439,469
MAC	Macerich Co	+1,724,762	8,999,366	$226,694,028
VICI	Vici Properties Inc.	+1,562,442	6,272,252	$166,528,290
INVH	Invitation Homes Inc.	+1,490,227	8,939,707	$270,068,547
AHR	American Healthcare REIT, Inc.	+1,422,493	4,203,946	$219,235,783
BRX	Brixmor Property Group Inc.	+1,277,818	12,348,885	$389,360,343
KRC	Kilroy Realty Corp	+1,111,487	1,181,978	$44,288,714
ELS	Equity Lifestyle Properties Inc	+946,174	3,200,525	$206,273,835
LTC	Ltc Properties Inc	+914,250	920,710	$35,401,299
UDR	UDR, Inc.	+851,594	9,221,587	$368,125,752
DRH	DiamondRock Hospitality Co	+825,004	7,262,068	$88,451,988
COLD	Americold Realty Trust	+785,908	2,863,520	$45,014,534
IRT	Independence Realty Trust, Inc.	+759,119	2,350,383	$39,227,891
KRG	Kite Realty Group Trust	+746,629	8,644,416	$245,328,525
PLD	Prologis, Inc.	+743,837	6,971,950	$944,490,065
VTR	Ventas, Inc.	+699,255	6,627,776	$588,546,508
STAG	STAG Industrial, Inc.	+613,720	761,520	$28,983,451
FR	First Industrial Realty Trust Inc	+547,725	4,855,292	$297,677,951
DLR	Digital Realty Trust, Inc.	+546,600	3,611,509	$648,554,785
LXP	LXP Industrial Trust	+520,853	1,774,973	$95,635,544
JAN	Janus Living, Inc.	+469,658	2,449,658	$70,403,169
CUZ	Cousins Properties Inc	+460,580	4,315,815	$129,388,132
KIM	Kimco Realty Corp	+418,228	10,919,568	$276,811,048
WELL	Welltower Inc.	+397,916	5,640,625	$1,280,252,655
ARE	Alexandria Real Estate Equities, Inc.	+328,664	2,353,556	$124,385,433
No positions match the current search.

Trimmed

Positions the filer reduced

24 positions

Ticker	Company	Δ Shares	Shares	Value
HR	Healthcare Realty Trust Inc	−6,401,490	27,377	$552,194
OHI	Omega Healthcare Investors Inc	−2,379,374	610,430	$29,105,302
PDM	Piedmont Realty Trust, Inc.	−1,942,126	1,537,347	$14,066,725
AMH	American Homes 4 Rent	−1,578,192	4,390,840	$147,180,955
SHO	Sunstone Hotel Investors, Inc.	−1,304,936	14,990	$171,635
CUBE	CubeSmart	−937,368	647,746	$25,760,857
HST	Host Hotels & Resorts, Inc.	−629,420	6,190,131	$146,768,005
VNO	Vornado Realty Trust	−510,937	2,918,110	$114,681,723
NTST	NETSTREIT Corp.	−452,897	2,405,458	$50,827,326
NHI	National Health Investors Inc	−416,870	46,662	$3,558,444
FRT	Federal Realty Investment Trust	−239,565	106,401	$13,134,139
BNL	Broadstone Net Lease, Inc.	−170,998	2,466,690	$50,986,481
DOC	Healthpeak Properties, Inc.	−157,788	186,344	$3,987,761
CCI	Crown Castle Inc.	−44,110	358,530	$27,151,476
O	Realty Income Corp	−37,495	3,924,386	$243,154,955
EGP	Eastgroup Properties Inc	−24,270	58,771	$11,902,890
WY	Weyerhaeuser Co	−19,150	315,599	$7,555,440
ESS	Essex Property Trust, Inc.	−16,896	199,720	$58,236,353
PSA	Public Storage	−8,353	1,196,628	$380,898,658
HLT	Hilton Worldwide Holdings Inc.	−2,300	23,431	$7,743,008
TRNO	Terreno Realty Corp	−1,000	54,200	$3,510,534
CDP	Copt Defense Properties	−500	51,500	$1,874,085
NEE	Nextera Energy Inc	−500	4,250	$373,022
CBRE	Cbre Group, Inc.	−390	11,440	$1,540,853
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
CTRE	CareTrust REIT, Inc.	1,294,118	$52,217,660
SMA	SmartStop Self Storage REIT, Inc.	1,415,860	$46,015,450
BXDC	Blackstone Digital Infrastructure Trust Inc.	35,500	$767,865
CORZ	Core Scientific, Inc.	11,500	$294,285
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
IVT	InvenTrust Properties Corp.	785,528	$23,927,182
FVR	FrontView REIT, Inc.	63,830	$987,450
ZG	Zillow Group, Inc.	5,070	$209,847
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

80 tracked positions · $11,717,428,555 total · filing declares 178 positions · $11,717,428,626 · as of Jun 30, 2026

All sectors Consumer Cyclical Real Estate Technology Utilities

Showing 1–50 of 80 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
WELL	Welltower Inc. Real Estate	Added	5,640,625	+397,916	$1,280,252,655	+23.5%	26+	before history	10.93%
EQIX	Equinix Inc Real Estate	Added	914,083	+91,200	$952,830,977	+18.1%	26+	before history	8.13%
PLD	Prologis, Inc. Real Estate	Added	6,971,950	+743,837	$944,490,065	+14.7%	26+	before history	8.06%
DLR	Digital Realty Trust, Inc. Real Estate	Added	3,611,509	+546,600	$648,554,785	+17.4%	26+	before history	5.53%
VTR	Ventas, Inc. Real Estate	Added	6,627,776	+699,255	$588,546,508	+21.4%	26+	before history	5.02%
BRX	Brixmor Property Group Inc. Real Estate	Added	12,348,885	+1,277,818	$389,360,343	+22.1%	26+	before history	3.32%
PSA	Public Storage Real Estate	Reduced	1,196,628	-8,353	$380,898,658	+16.7%	26+	before history	3.25%
EXR	Extra Space Storage Inc. Real Estate	Added	2,540,776	+41,586	$369,174,752	+12.6%	26+	before history	3.15%
UDR	UDR, Inc. Real Estate	Added	9,221,587	+851,594	$368,125,752	+30.2%	26+	before history	3.14%
SPG	Simon Property Group Inc. Real Estate	Added	1,606,504	+206,309	$359,294,619	+37.6%	26+	before history	3.07%
CPT	Camden Property Trust Real Estate	Added	2,961,148	+312,976	$339,021,833	+31.1%	26+	before history	2.89%
FR	First Industrial Realty Trust Inc Real Estate	Added	4,855,292	+547,725	$297,677,951	+19.5%	26+	before history	2.54%
IRM	Iron Mountain Inc Real Estate	Added	2,323,974	+13,929	$293,541,155	+24.4%	14	$82.81	2.51%
ADC	Agree Realty Corp Real Estate	Added	3,730,917	+301,342	$282,579,652	+9.3%	26+	before history	2.41%
KIM	Kimco Realty Corp Real Estate	Added	10,919,568	+418,228	$276,811,048	+17.3%	26+	before history	2.36%
INVH	Invitation Homes Inc. Real Estate	Added	8,939,707	+1,490,227	$270,068,547	+45.9%	26+	before history	2.30%
KRG	Kite Realty Group Trust Real Estate	Added	8,644,416	+746,629	$245,328,525	+26.5%	7	$24.00	2.09%
O	Realty Income Corp Real Estate	Reduced	3,924,386	-37,495	$243,154,955	+0.3%	26+	before history	2.08%
MAC	Macerich Co Real Estate	Added	8,999,366	+1,724,762	$226,694,028	+64.9%	9	$18.18	1.93%
AHR	American Healthcare REIT, Inc. Real Estate	Added	4,203,946	+1,422,493	$219,235,783	+67.1%	10	$25.72	1.87%
ELS	Equity Lifestyle Properties Inc Real Estate	Added	3,200,525	+946,174	$206,273,835	+46.6%	26+	before history	1.76%
VICI	Vici Properties Inc. Real Estate	Added	6,272,252	+1,562,442	$166,528,290	+29.4%	22	$30.15	1.42%
AMH	American Homes 4 Rent Real Estate	Reduced	4,390,840	-1,578,192	$147,180,955	−11.7%	26+	before history	1.26%
HST	Host Hotels & Resorts, Inc. Real Estate	Reduced	6,190,131	-629,420	$146,768,005	+12.3%	26+	before history	1.25%
CUZ	Cousins Properties Inc Real Estate	Added	4,315,815	+460,580	$129,388,132	+48.7%	26+	before history	1.10%
ARE	Alexandria Real Estate Equities, Inc. Real Estate	Added	2,353,556	+328,664	$124,385,433	+32.3%	26+	before history	1.06%
VNO	Vornado Realty Trust Real Estate	Reduced	2,918,110	-510,937	$114,681,723	+28.7%	9	$33.61	0.98%
SBRA	Sabra Health Care REIT, Inc. Real Estate	Added	5,814,427	+1,936,617	$113,439,469	+52.1%	3	$19.21	0.97%
MAA	Mid America Apartment Communities Inc. Real Estate	Added	789,692	+169,517	$109,719,806	+44.9%	26+	before history	0.94%
LXP	LXP Industrial Trust Real Estate	Added	1,774,973	+520,853	$95,635,544	+64.8%	23	$49.45	0.82%
REXR	Rexford Industrial Realty, Inc. Real Estate	Added	2,728,032	+255,108	$91,389,072	+12.9%	26+	before history	0.78%
DRH	DiamondRock Hospitality Co Real Estate	Added	7,262,068	+825,004	$88,451,988	+46.6%	17	$8.74	0.75%
VMRK	Vivmark Residential Real Estate	Added	1,221,100	+66,067	$82,949,322	+21.4%	26+	before history	0.71%
RHP	Ryman Hospitality Properties, Inc. Real Estate	Added	569,520	+57,185	$73,211,795	+54.9%	10	$96.92	0.62%
JAN	Janus Living, Inc. Real Estate	Added	2,449,658	+469,658	$70,403,169	+50.9%	2	unpriced	0.60%
SLG	Sl Green Realty Corp Real Estate	Added	1,227,532	+153,581	$63,549,330	+60.2%	3	$46.23	0.54%
ESS	Essex Property Trust, Inc. Real Estate	Reduced	199,720	-16,896	$58,236,353	+11.1%	26+	before history	0.50%
LAMR	Lamar Advertising Co Real Estate	Added	361,934	+85,860	$56,454,464	+61.4%	14	$118.13	0.48%
AMT	American Tower Corp Real Estate	Added	329,330	+12,914	$53,868,508	−1.4%	26+	before history	0.46%
CTRE	CareTrust REIT, Inc. Real Estate	NEW	1,294,118	NEW	$52,217,660	NEW	1	$39.28	0.45%
BNL	Broadstone Net Lease, Inc. Real Estate	Reduced	2,466,690	-170,998	$50,986,481	+5.8%	18	$18.09	0.44%
NTST	NETSTREIT Corp. Real Estate	Reduced	2,405,458	-452,897	$50,827,326	−5.6%	8	$16.61	0.43%
SMA	SmartStop Self Storage REIT, Inc. Real Estate	NEW	1,415,860	NEW	$46,015,450	NEW	1	$31.70	0.39%
COLD	Americold Realty Trust Real Estate	Added	2,863,520	+785,908	$45,014,534	+89.1%	26+	before history	0.38%
KRC	Kilroy Realty Corp Real Estate	Added	1,181,978	+1,111,487	$44,288,714	+2127.2%	26+	before history	0.38%
SUI	Sun Communities Inc Real Estate	Added	347,520	+296,197	$41,671,122	+544.6%	26+	before history	0.36%
IRT	Independence Realty Trust, Inc. Real Estate	Added	2,350,383	+759,119	$39,227,891	+65.6%	12	$16.42	0.33%
LTC	Ltc Properties Inc Real Estate	Added	920,710	+914,250	$35,401,299	+14647.3%	2	$37.99	0.30%
LINE	Lineage, Inc. Real Estate	Added	686,236	+222,416	$29,679,706	+95.3%	8	$68.48	0.25%
OHI	Omega Healthcare Investors Inc Real Estate	Reduced	610,430	-2,379,374	$29,105,302	−77.8%	21	$32.94	0.25%

Showing the top 50 of 80 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.