# Heitman Real Estate Securities LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1080117. Source: https://holderbook.com/funds/1080117-heitman-real-estate-securities-llc/

- Reported value: $1.6B
- Positions: 57
- Weight of the ten largest: 53.8%
- Filed: 2026-08-14

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 |
|---|---|---|---|---|---|
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $207.8M | 915,721 | 13.3% | 31 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $129.9M | 958,865 | 8.3% | 31 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $100.6M | 96,464 | 6.5% | 31 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $88.1M | 490,713 | 5.7% | 19 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $63.2M | 282,610 | 4.1% | 27 |
| ESSEX PPTY TR INC | [ESS](https://holderbook.com/stocks/ESS/) | $62.3M | 213,726 | 4.0% | 31 |
| EQUITY RESIDENTIAL | [EQR](https://holderbook.com/stocks/EQR/) | $49.4M | 727,588 | 3.2% | 31 |
| EXTRA SPACE STORAGE INC | [EXR](https://holderbook.com/stocks/EXR/) | $48.2M | 331,685 | 3.1% | 14 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $45.2M | 357,721 | 2.9% | 12 |
| AGREE RLTY CORP | [ADC](https://holderbook.com/stocks/ADC/) | $43.8M | 578,024 | 2.8% | 18 |
| AMERICAN HOMES 4 RENT | [AMH](https://holderbook.com/stocks/AMH/) | $40.9M | 1,221,487 | 2.6% | 1 |
| JANUS LIVING INC | [JAN](https://holderbook.com/stocks/JAN/) | $38.8M | 1,351,182 | 2.5% | 2 |
| CURBLINE PPTYS CORP | [CURB](https://holderbook.com/stocks/CURB/) | $36.7M | 1,208,438 | 2.4% | 2 |
| FIRST INDL RLTY TR INC | [FR](https://holderbook.com/stocks/FR/) | $36.0M | 587,845 | 2.3% | 5 |
| ACADIA RLTY TR | [AKR](https://holderbook.com/stocks/AKR/) | $33.9M | 1,622,268 | 2.2% | 18 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $33.2M | 104,283 | 2.1% | 22 |
| VENTAS INC | [VTR](https://holderbook.com/stocks/VTR/) | $32.6M | 366,864 | 2.1% | 20 |
| BXP INC | [BXP](https://holderbook.com/stocks/BXP/) | $29.9M | 450,675 | 1.9% | 31 |
| DIAMONDROCK HOSPITALITY CO | [DRH](https://holderbook.com/stocks/DRH/) | $29.7M | 2,441,779 | 1.9% | 2 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $26.9M | 433,347 | 1.7% | 25 |
| MACERICH CO | [MAC](https://holderbook.com/stocks/MAC/) | $25.2M | 1,000,523 | 1.6% | 2 |
| NETSTREIT CORP | [NTST](https://holderbook.com/stocks/NTST/) | $24.9M | 1,179,882 | 1.6% | 4 |
| COUSINS PPTYS INC | [CUZ](https://holderbook.com/stocks/CUZ/) | $24.2M | 808,656 | 1.6% | 7 |
| STAG INDUSTRIAL INC | [STAG](https://holderbook.com/stocks/STAG/) | $23.0M | 603,181 | 1.5% | 3 |
| CUBESMART | [CUBE](https://holderbook.com/stocks/CUBE/) | $22.2M | 558,601 | 1.4% | 9 |
| SUN CMNTYS INC | [SUI](https://holderbook.com/stocks/SUI/) | $19.3M | 160,857 | 1.2% | 4 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $19.2M | 268,473 | 1.2% | 6 |
| RYMAN HOSPITALITY PPTYS INC | [RHP](https://holderbook.com/stocks/RHP/) | $18.7M | 145,769 | 1.2% | 1 |
| MID-AMER APT CMNTYS INC | [MAA](https://holderbook.com/stocks/MAA/) | $18.4M | 132,299 | 1.2% | 5 |
| HEALTHPEAK PROPERTIES INC | [DOC](https://holderbook.com/stocks/DOC/) | $17.5M | 815,779 | 1.1% | 27 |
| CARETRUST REIT INC | [CTRE](https://holderbook.com/stocks/CTRE/) | $17.4M | 431,378 | 1.1% | 1 |
| VICI PPTYS INC | [VICI](https://holderbook.com/stocks/VICI/) | $16.3M | 614,434 | 1.0% | 2 |
| CTO RLTY GROWTH INC NEW | [CTO](https://holderbook.com/stocks/CTO/) | $15.3M | 710,452 | 1.0% | 15 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $14.6M | 89,033 | 0.9% | 20 |
| AMERICOLD REALTY TRUST INC | [COLD](https://holderbook.com/stocks/COLD/) | $13.0M | 829,064 | 0.8% | 3 |
| OUTFRONT MEDIA INC | [OUT](https://holderbook.com/stocks/OUT/) | $12.7M | 388,315 | 0.8% | 3 |
| GETTY RLTY CORP NEW | [GTY](https://holderbook.com/stocks/GTY/) | $12.3M | 368,063 | 0.8% | 1 |
| ALEXANDRIA REAL ESTATE EQ IN | [ARE](https://holderbook.com/stocks/ARE/) | $10.2M | 193,941 | 0.7% | 18 |
| BROADSTONE NET LEASE INC | [BNL](https://holderbook.com/stocks/BNL/) | $10.2M | 491,315 | 0.7% | 1 |
| FEDERAL RLTY INVT TR NEW | [FRT](https://holderbook.com/stocks/FRT/) | $7.9M | 64,151 | 0.5% | 18 |
| EQUITY LIFESTYLE PROPERTIES | [ELS](https://holderbook.com/stocks/ELS/) | $7.5M | 116,689 | 0.5% | 3 |
| GAMING & LEISURE P | [GLPI](https://holderbook.com/stocks/GLPI/) | $6.6M | 147,199 | 0.4% | 4 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $5.9M | 77,439 | 0.4% | 2 |
| CAMDEN PPTY TR | [CPT](https://holderbook.com/stocks/CPT/) | $5.6M | 49,147 | 0.4% | 1 |
| WEYERHAEUSER CO | [WY](https://holderbook.com/stocks/WY/) | $4.6M | 192,400 | 0.3% | 3 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $3.4M | 19,065 | 0.2% | 3 |
| OMEGA HEALTHCARE INVS INC | [OHI](https://holderbook.com/stocks/OHI/) | $789.9K | 16,566 | 0.1% | 4 |
| PEBBLEBROOK HOTEL TR | [PEB](https://holderbook.com/stocks/PEB/) | $538.5K | 27,742 | 0.0% | 31 |
| VORNADO RLTY TR | [VNO](https://holderbook.com/stocks/VNO/) | $495.4K | 12,605 | 0.0% | 31 |
| SUNSTONE HOTEL INVS INC NEW | [SHO](https://holderbook.com/stocks/SHO/) | $452.2K | 39,496 | 0.0% | 23 |
| AVALONBAY CMNTYS INC | [AVB](https://holderbook.com/stocks/AVB/) | $440.6K | 2,335 | 0.0% | 18 |
| DOUGLAS EMMETT INC | [DEI](https://holderbook.com/stocks/DEI/) | $438.2K | 37,137 | 0.0% | 31 |
| HEALTHCARE RLTY TR | [HR](https://holderbook.com/stocks/HR/) | $433.9K | 21,513 | 0.0% | 16 |
| TERRENO RLTY CORP | [TRNO](https://holderbook.com/stocks/TRNO/) | $417.4K | 6,444 | 0.0% | 31 |
| EMPIRE ST RLTY TR INC | [ESRT](https://holderbook.com/stocks/ESRT/) | $401.1K | 74,134 | 0.0% | 31 |
| REXFORD INDL RLTY INC | [REXR](https://holderbook.com/stocks/REXR/) | $397.2K | 11,857 | 0.0% | 31 |
| EPR PPTYS | [EPRPRE](https://holderbook.com/stocks/EPRPRE/) | $248.9K | 7,835 | 0.0% | 13 |

## 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 2026 | +11.9% | +14.8% | -2.9% | 100% |
| Q1 2026 | +3.5% | -4.6% | +8.1% | 100% |
| Q4 2025 | -2.2% | +2.4% | -4.6% | 100% |
| Q3 2025 | +2.4% | +7.8% | -5.5% | 100% |
| Q2 2025 | -1.4% | +10.5% | -11.9% | 100% |
| Q1 2025 | -0.3% | -4.6% | +4.3% | 100% |
| Q4 2024 | -6.7% | +2.1% | -8.8% | 100% |
| Q3 2024 | +15.5% | +5.4% | +10.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.6B | 57 |
| Q1 2026 | $1.4B | 57 |
| Q4 2025 | $1.4B | 54 |
| Q3 2025 | $1.5B | 57 |
| Q2 2025 | $1.4B | 56 |
| Q1 2025 | $1.5B | 54 |
| Q4 2024 | $1.6B | 54 |
| Q3 2024 | $1.8B | 58 |
| Q2 2024 | $1.6B | 54 |
| Q1 2024 | $1.8B | 53 |
| Q4 2023 | $1.9B | 53 |
| Q3 2023 | $1.7B | 54 |