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Heitman Real Estate Securities LLC

Q4 2025 · Filed 2026-02-13
Market Value
$1.4B
-3.9%
Holdings
63
-3
New Purchases
6
Added To
17
Closed
10
Reduced
21
Top 10 Concentration
54.8%
Turnover
25.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VTR 4.89% 1.33% +3.56% $69M
BRX 3.45% 0.00% +3.45% $49M
STAG 2.38% 0.00% +2.38% $34M
EQR 3.41% 1.56% +1.85% $48M
ADC 1.81% 0.37% +1.44% $25M
MAA 3.76% 2.42% +1.34% $53M
ELS 1.22% 0.00% +1.22% $17M
RHP 2.45% 1.41% +1.04% $35M
SPG 4.76% 3.95% +0.81% $67M
COLD 0.73% 0.00% +0.73% $10M
SBAC 0.71% 0.00% +0.71% $10M
AKR 2.97% 2.46% +0.51% $42M
PSA 3.15% 2.68% +0.46% $44M
CUBE 2.15% 1.74% +0.41% $30M
WY 0.29% 0.00% +0.29% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KRG 0.00% 2.15% -2.15% $0
AVB 0.85% 2.92% -2.06% $12M
REG 0.00% 1.93% -1.93% $0
SUI 0.63% 2.13% -1.51% $9M
VICI 0.00% 1.41% -1.41% $0
EXR 1.43% 2.69% -1.26% $20M
CCI 0.00% 1.16% -1.16% $0
PLD 9.29% 10.34% -1.06% $131M
DLR 2.52% 3.40% -0.88% $36M
LTC 0.00% 0.87% -0.87% $0
ARE 0.24% 1.07% -0.83% $3M
SLG 1.05% 1.65% -0.59% $15M
ESS 2.44% 3.01% -0.57% $34M
OHI 1.47% 2.00% -0.53% $21M
PK 0.50% 1.02% -0.52% $7M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 30 $1.0B 72.6%
Mid Cap 25 $346M 24.6%
Small Cap 8 $40M 2.8%

Portfolio Analytics

Avg Market Cap
$21.3B
Median Market Cap
$9.5B
Avg P/E
40.5
Median P/E
30.2
Avg Dividend Yield
0.05%
Avg Beta
0.99
# Stocks
63
# ETFs / Funds
0

Top Holdings (63 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 WELL 11.77% 892,711 $166M $185.61 -$9M -85,847 -8.8%
2 PLD 9.29% 1,024,250 $131M $127.66 -$21M -298,207 -22.6%
3 EQIX 7.36% 135,246 $104M $766.16 -$6M -5,250 -3.7%
4 VTR 4.89% 890,047 $69M $77.38 $49M +611,800 +219.9%
5 SPG 4.76% 362,194 $67M $185.11 $9M +54,095 +17.6%
6 MAA 3.76% 381,035 $53M $138.91 $18M +127,718 +50.4%
7 BRX 3.45% 1,849,851 $49M $26.22 +1,849,851 NEW
8 EQR 3.41% 760,684 $48M $63.04 $25M +407,590 +115.4%
9 PSA 3.15% 170,846 $44M $259.50 $5M +34,766 +25.6%
10 O 2.97% 741,449 $42M $56.37 $178K +56,837 +8.3%
11 AKR 2.97% 2,032,412 $42M $20.54 $6M +246,250 +13.8%
12 IRM 2.89% 490,548 $41M $82.95 -$8M +16,180 +3.4%
13 DLR 2.52% 229,520 $36M $154.71 -$14M -58,230 -20.2%
14 RHP 2.45% 364,735 $35M $94.62 $14M +133,985 +58.1%
15 ESS 2.44% 131,174 $34M $261.68 -$10M -33,408 -20.3%
16 STAG 2.38% 912,904 $34M $36.76 +912,904 NEW
17 INVH 2.31% 1,168,123 $32M $27.79 -$2M -12,825 -1.1%
18 CUBE 2.15% 840,570 $30M $36.05 $5M +213,954 +34.1%
19 FR 2.10% 516,256 $30M $57.27 -$3M -118,853 -18.7%
20 CUZ 2.07% 1,128,612 $29M $25.78 $359K +135,631 +13.7%
21 GLPI 1.85% 582,719 $26M $44.69 -$7M -122,404 -17.4%
22 ADC 1.81% 352,980 $25M $72.03 $20M +276,600 +362.1%
23 NTST 1.75% 1,396,293 $25M $17.64 $1M +101,538 +7.8%
24 DOC 1.60% 1,398,494 $22M $16.08 $3M +386,215 +38.1%
25 BNL 1.59% 1,289,541 $22M $17.37 -$6M -323,185 -20.0%
26 OHI 1.47% 466,944 $21M $44.34 -$9M -227,573 -32.8%
27 EXR 1.43% 154,501 $20M $130.22 -$19M -124,547 -44.6%
28 ELS 1.22% 283,971 $17M $60.61 +283,971 NEW
29 SLG 1.05% 323,735 $15M $45.87 -$9M -79,191 -19.6%
30 CTO 0.93% 708,851 $13M $18.41 $225K -77,982 -9.9%
31 AVB 0.85% 66,269 $12M $181.31 -$31M -154,703 -70.0%
32 AMT 0.84% 67,339 $12M $175.57 -$1M
33 HIW 0.80% 435,339 $11M $25.82 -$3M -4,489 -1.0%
34 COLD 0.73% 800,750 $10M $12.86 +800,750 NEW
35 SBAC 0.71% 51,690 $10M $193.43 +51,690 NEW
36 SUI 0.63% 71,360 $9M $123.91 -$22M -170,777 -70.5%
37 PK 0.50% 667,204 $7M $10.46 -$8M -681,158 -50.5%
38 WY 0.29% 174,600 $4M $23.69 +174,600 NEW
39 ARE 0.24% 67,593 $3M $48.94 -$12M -119,643 -63.9%
40 WPC 0.17% 36,987 $2M $64.36 -$3M -42,416 -53.4%
41 FCPT 0.12% 72,097 $2M $23.06 -$92K +196 +0.3%
42 EPR-PE 0.04% 17,147 $513K $29.92 -$28K
43 PEB 0.03% 36,494 $413K $11.32 -$3K
44 HR 0.03% 23,540 $399K $16.95 -$25K
45 REXR 0.03% 10,232 $396K $38.72 -$24K
46 VRE 0.03% 26,336 $392K $14.88 -$8K
47 FRT 0.03% 3,873 $390K $100.80 -$11K -92 -2.3%
48 BXP 0.03% 5,725 $386K $67.48 -$39K
49 ESRT 0.03% 59,186 $386K $6.52 $4K +9,312 +18.7%
50 TRNO 0.03% 6,444 $378K $58.71 -$21K -592 -8.4%
51 DEI 0.03% 34,327 $377K $10.99 -$25K +8,495 +32.9%
52 SHO 0.03% 40,815 $365K $8.94 -$18K
53 VNO 0.03% 10,748 $358K $33.28 -$78K
54 EGP —% -$4M -26,362 -100.0% SOLD
55 CCI —% -$17M -175,880 -100.0% SOLD
56 CURB —% -$5M -221,145 -100.0% SOLD
57 REG —% -$28M -387,119 -100.0% SOLD
58 MPT —% -$4M -802,397 -100.0% SOLD
59 PCH —% -$4M -97,086 -100.0% SOLD
60 KRG —% -$32M -1,412,826 -100.0% SOLD
61 USM —% -$5M -97,346 -100.0% SOLD
62 LTC —% -$13M -346,614 -100.0% SOLD
63 VICI —% -$21M -631,907 -100.0% SOLD

New Positions

SymbolValue% Port
BRX $49M 3.45%
STAG $34M 2.38%
ELS $17M 1.22%
COLD $10M 0.73%
SBAC $10M 0.71%
WY $4M 0.29%

Sold Out Positions

SymbolValue% Port
EGP —%
VICI —%
LTC —%
KRG —%
CCI —%
MPT —%
CURB —%
REG —%
PCH —%
USM —%
View SEC EDGAR Filings for Heitman Real Estate Securities LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms