# SECURITY CAPITAL RESEARCH & MANAGEMENT INC

> Institutional holdings reported to the SEC as of Q2 2020 on Form 13F. CIK 1068829. Source: https://holderbook.com/funds/1068829-security-capital-research-management-inc/

- Reported value: $2.4B
- Positions: 42
- Weight of the ten largest: 67.0%
- Filed: 2020-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| AMERICAN HOMES 4 RENT | [AMH](https://holderbook.com/stocks/AMH/) | $222.2M | 8,258,664 | 9.4% | 7 |
| INVITATION HOMES INC | [INVH](https://holderbook.com/stocks/INVH/) | $204.5M | 7,428,145 | 8.7% | 7 |
| APARTMENT INVT & MGMT CO | [AIVXXXX](https://holderbook.com/stocks/AIVXXXX/) | $181.3M | 4,817,693 | 7.7% | 6 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $170.8M | 243,230 | 7.2% | 7 |
| CORESITE RLTY CORP | [COR](https://holderbook.com/stocks/COR/) | $163.7M | 1,352,040 | 6.9% | 7 |
| ALEXANDRIA REAL ESTATE EQ IN | [ARE](https://holderbook.com/stocks/ARE/) | $161.3M | 994,012 | 6.8% | 7 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $138.7M | 975,975 | 5.9% | 7 |
| AVALONBAY CMNTYS INC | [AVB](https://holderbook.com/stocks/AVB/) | $133.3M | 862,258 | 5.6% | 7 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $128.1M | 1,372,358 | 5.4% | 7 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $77.0M | 401,053 | 3.3% | 7 |
| UDR INC | [UDR](https://holderbook.com/stocks/UDR/) | $66.9M | 1,789,360 | 2.8% | 1 |
| BXP INC | [BXP](https://holderbook.com/stocks/BXP/) | $61.7M | 682,170 | 2.6% | 7 |
| BRANDYWINE RLTY TR | [BDN](https://holderbook.com/stocks/BDN/) | $60.3M | 5,537,465 | 2.6% | 7 |
| CAMDEN PPTY TR | [CPT](https://holderbook.com/stocks/CPT/) | $57.4M | 629,570 | 2.4% | 2 |
| HEALTHPEAK PROPERTIES INC | [DOC](https://holderbook.com/stocks/DOC/) | $52.8M | 1,916,055 | 2.2% | 3 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $41.9M | 533,200 | 1.8% | 2 |
| DUKE REALTY CORP | [DRE](https://holderbook.com/stocks/DRE/) | $37.9M | 1,071,795 | 1.6% | 4 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $36.9M | 713,780 | 1.6% | 7 |
| EQUITY RESIDENTIAL | [EQR](https://holderbook.com/stocks/EQR/) | $36.2M | 615,837 | 1.5% | 7 |
| DOUGLAS EMMETT INC | [DEI](https://holderbook.com/stocks/DEI/) | $34.1M | 1,112,023 | 1.4% | 7 |
| REGENCY CTRS CORP | [REG](https://holderbook.com/stocks/REG/) | $31.2M | 680,070 | 1.3% | 4 |
| VEREIT INC | [VERXXXX](https://holderbook.com/stocks/VERXXXX/) | $30.8M | 4,791,870 | 1.3% | 1 |
| CUBESMART | [CUBE](https://holderbook.com/stocks/CUBE/) | $25.3M | 938,795 | 1.1% | 4 |
| COUSINS PPTYS INC | [CUZ](https://holderbook.com/stocks/CUZ/) | $24.3M | 815,149 | 1.0% | 5 |
| FEDERAL REALTY INVT TR | [FRT](https://holderbook.com/stocks/FRT/) | $24.2M | 283,915 | 1.0% | 4 |
| HUDSON PAC PPTYS INC | [HPP](https://holderbook.com/stocks/HPP/) | $21.4M | 850,234 | 0.9% | 7 |
| VENTAS INC | [VTR](https://holderbook.com/stocks/VTR/) | $15.3M | 417,085 | 0.6% | 7 |
| ISHARES TR | [REET](https://holderbook.com/stocks/REET/) | $13.3M | 635,100 | 0.6% | 2 |
| COLUMBIA PPTY TR INC | [CXP](https://holderbook.com/stocks/CXP/) | $12.7M | 965,475 | 0.5% | 2 |
| SL GREEN RLTY CORP | [SLGXXXX](https://holderbook.com/stocks/SLGXXXX/) | $12.5M | 253,600 | 0.5% | 4 |
| EXTRA SPACE STORAGE INC | [EXR](https://holderbook.com/stocks/EXR/) | $12.3M | 132,865 | 0.5% | 2 |
| VANGUARD INTL EQUITY INDEX F | [VNQI](https://holderbook.com/stocks/VNQI/) | $11.4M | 244,250 | 0.5% | 2 |
| ESSEX PPTY TR INC | [ESS](https://holderbook.com/stocks/ESS/) | $11.0M | 47,995 | 0.5% | 4 |
| WEINGARTEN RLTY INVS | [WRI](https://holderbook.com/stocks/WRI/) | $9.4M | 497,845 | 0.4% | 7 |
| SUNSTONE HOTEL INVS INC NEW | [SHO](https://holderbook.com/stocks/SHO/) | $8.1M | 990,760 | 0.3% | 6 |
| KILROY REALTY CORP | [KRC](https://holderbook.com/stocks/KRC/) | $7.0M | 119,615 | 0.3% | 7 |
| LIFE STORAGE INC | [LSI](https://holderbook.com/stocks/LSI/) | $7.0M | 73,735 | 0.3% | 7 |
| HOST HOTELS & RESORTS INC | [HST](https://holderbook.com/stocks/HST/) | $6.3M | 584,410 | 0.3% | 7 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $5.3M | 77,375 | 0.2% | 7 |
| RETAIL PPTYS AMER INC | [RPAI](https://holderbook.com/stocks/RPAI/) | $3.4M | 468,575 | 0.1% | 4 |
| PEBBLEBROOK HOTEL TR | [PEB](https://holderbook.com/stocks/PEB/) | $1.2M | 90,510 | 0.1% | 7 |
| TAUBMAN CTRS INC | [TCO](https://holderbook.com/stocks/TCO/) | $576.0K | 15,250 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2020 | +8.0% | +19.6% | -11.7% | 100% |
| Q1 2020 | -21.9% | -19.9% | -2.0% | 100% |
| Q4 2019 | +0.6% | +8.5% | -7.8% | 93% |
| Q3 2019 | +6.2% | +1.3% | +4.9% | 100% |
| Q2 2019 | +2.0% | +3.7% | -1.7% | 98% |
| Q1 2019 | +15.6% | +13.0% | +2.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2020 | $2.4B | 42 |
| Q1 2020 | $1.8B | 41 |
| Q4 2019 | $2.4B | 37 |
| Q3 2019 | $2.2B | 42 |
| Q2 2019 | $2.1B | 35 |
| Q1 2019 | $2.5B | 38 |
| Q4 2018 | $2.5B | 37 |