1y return+14.7%S&P 500 +20.9%
3y return+33.9%S&P 500 +68.5%
5y return+28.7%S&P 500 +74.5%
10y return+52.8%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $153 against $357 in the S&P 500.2
Duff & Phelps Investment Management CoS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| WELLWelltower Inc | $686.5M | 6.5% | +14.9% |
| EQIXEquinix Inc | $445.1M | 4.2% | −9.6% |
| PLDPrologis Inc. | $437.0M | 4.1% | +7.9% |
| DLRDigital Rlty Tr Inc | $311.7M | 2.9% | +12.2% |
| VTRVentas Inc | $254.3M | 2.4% | +9.6% |
| SPGSimon Ppty Group Inc New | $218.1M | 2.1% | +12.4% |
| PSAPublic Storage | $203.8M | 1.9% | +15.7% |
| XELXcel Energy Inc | $194.3M | 1.8% | |
| SRESempra | $190.5M | 1.8% | −1.5% |
| ETREntergy Corp New | $187.8M | 1.8% | +6.7% |
| IRMIron Mtn Inc Del | $183.8M | 1.7% | −7.6% |
| AMHAmerican Homes 4 Rent | $177.0M | 1.7% | +15.4% |
| Avalonbay Cmntys IncCUSIP 053484101 | $171.2M | 1.6% | +12.5% |
| CNPCenterpoint Energy Inc | $170.0M | 1.6% | |
| AMTAmerican Tower Corp | $170.0M | 1.6% | +12.8% |
| AHRAmerican Healthcare Reit Inc | $161.7M | 1.5% | +186.2% |
| BRXBrixmor Ppty Group Inc | $158.4M | 1.5% | +12.0% |
| NEENextera Energy Inc | $153.1M | 1.4% | −9.2% |
| FRFirst Indl Rlty Tr Inc | $151.4M | 1.4% | +12.5% |
| LNTAlliant Energy Corp | $149.9M | 1.4% | +3.5% |
| WMBWilliams Cos Inc | $148.7M | 1.4% | +3.5% |
| NINisource Inc | $147.3M | 1.4% | |
| EVRGEvergy Inc | $142.8M | 1.3% | |
| MAAMid-amer Apt Cmntys Inc | $141.4M | 1.3% | +19.8% |
| TRGPTarga Res Corp | $138.9M | 1.3% | +1.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TRGPTarga Res Corp | June 30, 2020 | +1236.0% | $138.9M |
| LNGCheniere Energy Inc | June 30, 2020 | +394.6% | $108.7M |
| WMBWilliams Cos Inc | June 30, 2020 | +290.8% | $148.7M |
| RHPRyman Hospitality Pptys Inc | June 30, 2020 | +271.5% | $109.5M |
| SPGSimon Ppty Group Inc New | June 30, 2020 | +227.1% | $218.1M |
| BRXBrixmor Ppty Group Inc | June 30, 2020 | +145.9% | $158.4M |
| ETREntergy Corp New | June 30, 2020 | +144.9% | $187.8M |
| CNPCenterpoint Energy Inc | June 30, 2020 | +135.9% | $170.0M |
| WELLWelltower Inc | June 30, 2024 | +117.7% | $686.5M |
| IRMIron Mtn Inc Del | September 30, 2023 | +112.5% | $183.8M |
Sold off last quarter
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +4.5% | +14.8% |
| March 31, 2026 | +8.2% | −4.6% |
| December 31, 2025 | −2.7% | +2.4% |
| September 30, 2025 | +4.2% | +7.8% |
| June 30, 2025 | −1.4% | +10.5% |
| March 31, 2025 | +3.7% | −4.6% |
| December 31, 2024 | −3.5% | +2.1% |
| September 30, 2024 | +14.3% | +5.4% |
| June 30, 2024 | +0.3% | +4.0% |
| March 31, 2024 | +1.2% | +10.0% |
| December 31, 2023 | +10.4% | +11.2% |
| September 30, 2023 | −7.6% | −3.6% |
| June 30, 2023 | −0.7% | +8.3% |
| March 31, 2023 | +0.3% | +7.0% |
| December 31, 2022 | +5.7% | +7.1% |
| September 30, 2022 | −8.3% | −5.3% |
| June 30, 2022 | −11.9% | −16.5% |
| March 31, 2022 | +1.6% | −4.9% |
| December 31, 2021 | +11.7% | +10.7% |
| September 30, 2021 | −0.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Duff & Phelps Investment Management Co Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=765443&type=13F-HR&dateb=&owner=include&count=40CIK 765443
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/765443/000114036126032766/Filed August 13, 2026 · accession 0001140361-26-032766