DUFF & PHELPS INVESTMENT MANAGEMENT CO

CIK

765443

Location

CHICAGO, IL

Portfolio Value

Mid $9,533,458,289

Diversification

Diversified

Filing Date

Global Rank

#434 / 8,623 ▲ 34 · as of Mar 2026

Top Industry

Utilities - Regulated Electric 26.9%

3Y Alpha vs SPY

-5.9%

Period ended 4 months ago

Filed Jul 24, 2026 · 6d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+46.4%

SPY

+65.3%

Annualised alpha

-4.7%

Max drawdown

−13.0%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

5.5%

−0.1 pts

Top 5

19.6%

+0.3 pts

Top 10

29.2%

+0.1 pts

HHI

173

Diversified+1

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Real Estate	45.1%	$4,299,499,092	41
Utilities	36.2%	$3,454,914,764	41
Energy	11.6%	$1,105,785,851	19
Industrials	4.2%	$402,077,289	26
Communication Services	2.3%	$220,949,386	4
Basic Materials	0.2%	$19,930,484	1
Technology	0.2%	$18,618,887	8
Healthcare	0.1%	$9,512,432	2
Unclassified	0.0%	$2,170,104	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
AHR	American Healthcare REIT, Inc.	+754,900	1,083,175	$51,082,533
ET	Energy Transfer LP	+580,938	4,346,738	$83,892,043
OKE	Oneok Inc /New/	+312,954	1,030,679	$93,163,074
ENB	Enbridge Inc	+175,744	1,539,163	$83,330,283
PLUG	Plug Power Inc	+158,138	448,248	$1,013,040
CSX	Csx Corp	+107,073	912,188	$37,445,317
PSA	Public Storage	+103,780	553,190	$149,848,106
AWK	American Water Works Company, Inc.	+103,758	552,780	$75,227,830
TTEK	Tetra Tech Inc	+82,390	211,038	$6,356,464
D	Dominion Energy, Inc	+79,654	1,572,229	$97,195,196
XEL	Xcel Energy Inc	+72,516	2,424,903	$192,634,293
BKH	Black Hills Corp /Sd/	+69,840	459,540	$31,896,671
VNO	Vornado Realty Trust	+69,250	1,535,960	$39,919,600
WMB	Williams Companies, Inc.	+67,158	1,932,786	$140,668,163
VLTO	Veralto Corp	+56,196	412,587	$36,480,942
CNP	Centerpoint Energy Inc	+55,457	3,866,699	$166,886,728
CP	Canadian Pacific Kansas City Ltd/Cn	+54,038	424,550	$33,395,102
BRX	Brixmor Property Group Inc.	+52,350	4,482,893	$129,107,317
ADC	Agree Realty Corp	+52,175	1,010,118	$76,142,694
DTM	DT Midstream, Inc.	+51,138	420,186	$56,586,447
UNP	Union Pacific Corp	+49,148	256,470	$62,224,751
SBRA	Sabra Health Care REIT, Inc.	+39,650	2,828,445	$54,390,996
CUZ	Cousins Properties Inc	+38,450	2,130,177	$48,078,094
VTR	Ventas, Inc.	+35,600	2,611,874	$213,599,055
GFL	GFL Environmental Inc.	+29,580	353,327	$14,740,802
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
KMI	Kinder Morgan, Inc.	−931,059	1,503,744	$50,420,535
PAA	Plains All American Pipeline LP	−400,000	1,776,900	$39,678,177
SMA	SmartStop Self Storage REIT, Inc.	−267,945	831,755	$25,185,540
NWN	Northwest Natural Holding Co	−243,620	613,090	$32,628,649
ES	Eversource Energy	−183,480	424,140	$29,384,419
PLD	Prologis, Inc.	−166,515	2,989,856	$395,199,165
SO	Southern Co	−164,923	1,073,294	$103,594,335
MPLX	Mplx LP	−163,536	1,668,467	$95,219,410
NEE	Nextera Energy Inc	−146,934	1,921,380	$178,457,774
AVB	Avalonbay Communities Inc	−133,315	806,750	$131,782,612
PCG	PG&E Corp	−131,967	5,078,983	$89,237,730
KGS	Kodiak Gas Services, Inc.	−113,072	349,051	$20,356,654
PBA	Pembina Pipeline Corp	−103,474	859,602	$38,475,785
LNG	Cheniere Energy, Inc.	−91,480	371,015	$105,279,214
ELS	Equity Lifestyle Properties Inc	−80,735	1,464,385	$91,406,911
TRP	Tc Energy Corp	−70,304	1,626,340	$101,808,883
XYL	Xylem Inc.	−65,519	304,391	$36,374,724
EVRG	Evergy, Inc.	−60,075	1,655,860	$135,648,050
MWA	Mueller Water Products, Inc.	−55,824	492,139	$13,528,901
SR	Spire Inc	−50,854	932,582	$84,435,974
ETR	Entergy Corp /De/	−47,225	1,532,230	$172,161,362
AEE	Ameren Corp	−45,060	1,159,881	$127,494,119
ATO	Atmos Energy Corp	−44,361	607,945	$112,299,600
PPL	PPL Corp	−40,229	3,015,392	$115,187,974
PNR	PENTAIR plc	−30,860	219,687	$19,136,934
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
EMA	Emera Inc	1,349,450	$69,995,971
PEB	Pebblebrook Hotel Trust	3,186,450	$40,244,863
FER	Ferrovial N.V.	395,900	$25,753,295
SWX	Southwest Gas Holdings, Inc.	85,000	$7,386,500
HTO	H2o America	111,795	$6,559,012
AWR	American States Water Co	51,404	$3,887,170
CWT	California Water Service Group	85,115	$3,859,114
ACM	Aecom	7	$593
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
CNI	Canadian National Railway Co	336,789	$33,291,592
KNTK	Kinetik Holdings Inc.	171,094	$6,167,938
ERII	Energy Recovery, Inc.	301,487	$4,067,059
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

144 tracked positions · $9,533,458,289 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Energy Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 144 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
WELL	Welltower Inc. Real Estate	Added	2,632,540	+22,850	$520,479,483	+7.5%	5.46%
EQIX	Equinix Inc Real Estate	Reduced	472,583	-5,750	$463,244,759	+26.4%	4.86%
PLD	Prologis, Inc. Real Estate	Reduced	2,989,856	-166,515	$395,199,165	−1.9%	4.15%
DLR	Digital Realty Trust, Inc. Real Estate	Added	1,546,930	+4,220	$278,772,254	+16.8%	2.92%
VTR	Ventas, Inc. Real Estate	Added	2,611,874	+35,600	$213,599,055	+7.1%	2.24%
SRE	Sempra Utilities	Added	2,086,667	+48	$202,761,431	+10.1%	2.13%
XEL	Xcel Energy Inc Utilities	Added	2,424,903	+72,516	$192,634,293	+10.9%	2.02%
NEE	Nextera Energy Inc Utilities	Reduced	1,921,380	-146,934	$178,457,774	+7.5%	1.87%
ETR	Entergy Corp /De/ Utilities	Reduced	1,532,230	-47,225	$172,161,362	+17.9%	1.81%
CNP	Centerpoint Energy Inc Utilities	Added	3,866,699	+55,457	$166,886,728	+14.2%	1.75%
SPG	Simon Property Group Inc. Real Estate	Reduced	867,361	-10,325	$161,788,847	−0.4%	1.70%
IRM	Iron Mountain Inc Real Estate	Reduced	1,575,337	-5,115	$160,904,920	+22.7%	1.69%
AMT	American Tower Corp /Ma/ Real Estate	Added	920,890	+3,035	$158,927,195	−1.4%	1.67%
PSA	Public Storage Real Estate	Added	553,190	+103,780	$149,848,106	+28.5%	1.57%
NI	Nisource Inc. Utilities	Added	3,106,640	+34	$144,955,821	+11.7%	1.52%
WMB	Williams Companies, Inc. Energy	Added	1,932,786	+67,158	$140,668,163	+25.4%	1.48%
LNT	Alliant Energy Corp Utilities	Reduced	1,898,175	-347	$136,213,037	+10.4%	1.43%
EVRG	Evergy, Inc. Utilities	Reduced	1,655,860	-60,075	$135,648,050	+9.1%	1.42%
AVB	Avalonbay Communities Inc Real Estate	Reduced	806,750	-133,315	$131,782,612	−22.7%	1.38%
BRX	Brixmor Property Group Inc. Real Estate	Added	4,482,893	+52,350	$129,107,317	+11.1%	1.35%
AMH	American Homes 4 Rent Real Estate	Added	4,576,997	+20,600	$127,789,756	−12.6%	1.34%
TRGP	Targa Resources Corp. Energy	Reduced	509,397	-13,149	$127,721,109	+32.5%	1.34%
AEE	Ameren Corp Utilities	Reduced	1,159,881	-45,060	$127,494,119	+6.0%	1.34%
FR	First Industrial Realty Trust Inc Real Estate	Added	2,195,608	+11,200	$127,015,922	+1.5%	1.33%
DUK	Duke Energy CORP Utilities	Added	896,997	+217	$117,452,786	+11.7%	1.23%
DTE	Dte Energy Co Utilities	Added	792,462	+16	$115,873,792	+13.4%	1.22%
PPL	PPL Corp Utilities	Reduced	3,015,392	-40,229	$115,187,974	+7.6%	1.21%
WEC	Wec Energy Group, Inc. Utilities	Added	981,349	+155	$113,610,772	+9.8%	1.19%
CMS	Cms Energy Corp Utilities	Held	1,453,667	0	$112,775,485	+10.9%	1.18%
ATO	Atmos Energy Corp Utilities	Reduced	607,945	-44,361	$112,299,600	+2.7%	1.18%
LNG	Cheniere Energy, Inc. Energy	Reduced	371,015	-91,480	$105,279,214	+17.1%	1.10%
EPRT	Essential Properties Realty Trust, Inc. Real Estate	Added	3,431,442	+6,600	$104,178,579	+2.6%	1.09%
MAA	Mid America Apartment Communities Inc. Real Estate	Reduced	849,743	-350	$103,770,615	−12.1%	1.09%
SO	Southern Co Utilities	Reduced	1,073,294	-164,923	$103,594,335	−4.1%	1.09%
TRP	Tc Energy Corp Energy	Reduced	1,626,340	-70,304	$101,808,883	+9.1%	1.07%
OGE	Oge Energy Corp. Utilities	Reduced	2,096,384	-45	$100,542,575	+12.3%	1.05%
CUBE	CubeSmart Real Estate	Added	2,737,656	+18,025	$100,335,092	+2.3%	1.05%
AEP	American Electric Power Co Inc Utilities	Held	762,162	0	$99,904,194	+13.7%	1.05%
D	Dominion Energy, Inc Utilities	Added	1,572,229	+79,654	$97,195,196	+11.1%	1.02%
CCI	Crown Castle Inc. Real Estate	Added	1,193,028	+370	$97,005,106	−8.5%	1.02%
PEG	Public Service Enterprise Group Inc Utilities	Added	1,179,584	+193	$95,487,324	+0.8%	1.00%
MPLX	Mplx LP Energy	Reduced	1,668,467	-163,536	$95,219,410	−2.6%	1.00%
OKE	Oneok Inc /New/ Energy	Added	1,030,679	+312,954	$93,163,074	+76.6%	0.98%
ELS	Equity Lifestyle Properties Inc Real Estate	Reduced	1,464,385	-80,735	$91,406,911	−2.4%	0.96%
T	At&T Inc. Communication Services	Held	3,140,500	0	$91,043,095	+16.7%	0.95%
PCG	PG&E Corp Utilities	Reduced	5,078,983	-131,967	$89,237,730	+6.6%	0.94%
WTRG	Essential Utilities, Inc. Utilities	Added	2,188,784	+103	$88,142,331	+5.0%	0.92%
SR	Spire Inc Utilities	Reduced	932,582	-50,854	$84,435,974	+3.8%	0.89%
ET	Energy Transfer LP Energy	Added	4,346,738	+580,938	$83,892,043	+35.1%	0.88%
ENB	Enbridge Inc Energy	Added	1,539,163	+175,744	$83,330,283	+27.8%	0.87%

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.