1y return+16.0%S&P 500 +20.9%
3y return+27.1%S&P 500 +68.5%
5y return+6.9%S&P 500 +74.5%
10y return+17.0%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: $117 against $357 in the S&P 500.2
Heitman Real Estate Securities LLCS&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 | $207.8M | 13.3% | +12.3% |
| PLDPrologis Inc. | $129.9M | 8.3% | −2.4% |
| EQIXEquinix Inc | $100.6M | 6.5% | −29.9% |
| DLRDigital Rlty Tr Inc | $88.1M | 5.7% | +73.9% |
| SPGSimon Ppty Group Inc New | $63.2M | 4.1% | −14.3% |
| ESSEssex Ppty Tr Inc | $62.3M | 4.0% | +53.5% |
| VMRKEquity Residential | $49.4M | 3.2% | −17.5% |
| EXRExtra Space Storage Inc | $48.2M | 3.1% | +3.9% |
| IRMIron Mtn Inc Del | $45.2M | 2.9% | +37.8% |
| ADCAgree Rlty Corp | $43.8M | 2.8% | +260.3% |
| AMHAmerican Homes 4 Rent | $40.9M | 2.6% | New |
| JANJanus Living Inc | $38.8M | 2.5% | +116.6% |
| CURBCurbline Pptys Corp | $36.7M | 2.4% | +82.7% |
| FRFirst Indl Rlty Tr Inc | $36.0M | 2.3% | |
| AKRAcadia Rlty Tr | $33.9M | 2.2% | +23.4% |
| PSAPublic Storage | $33.2M | 2.1% | |
| VTRVentas Inc | $32.6M | 2.1% | −49.2% |
| BXPBxp Inc | $29.9M | 1.9% | +5989.4% |
| DRHDiamondrock Hospitality Co | $29.7M | 1.9% | −8.7% |
| ORealty Income Corp | $26.9M | 1.7% | −63.6% |
| MACMacerich Co | $25.2M | 1.6% | −11.8% |
| NTSTNetstreit Corp | $24.9M | 1.6% | −31.0% |
| CUZCousins Pptys Inc | $24.2M | 1.6% | −18.1% |
| STAGStag Industrial Inc | $23.0M | 1.5% | −12.0% |
| CUBECubesmart | $22.2M | 1.4% | +2.3% |
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 |
|---|---|---|---|
| WELLWelltower Inc | June 30, 2020 | +338.6% | $207.8M |
| SPGSimon Ppty Group Inc New | June 30, 2020 | +227.1% | $63.2M |
| IRMIron Mtn Inc Del | September 30, 2023 | +112.5% | $45.2M |
| VTRVentas Inc | September 30, 2021 | +60.8% | $32.6M |
| EQIXEquinix Inc | June 30, 2020 | +48.4% | $100.6M |
| PLDPrologis Inc. | June 30, 2020 | +45.2% | $129.9M |
| OUTOutfront Media Inc | December 31, 2025 | +35.9% | $12.7M |
| MACMacerich Co | March 31, 2026 | +33.3% | $25.2M |
| DRHDiamondrock Hospitality Co | March 31, 2026 | +30.0% | $29.7M |
| PSAPublic Storage | March 31, 2021 | +29.0% | $33.2M |
Sold off last quarter
- INVHInvitation Homes Inc was $18.5M
- XHRXenia Hotels & Resorts Inc was $11.8M
- SLGSl Green Rlty Corp was $11.2M
- HIWHighwoods Pptys Inc was $6.3M
- UEUrban Edge Pptys was $4.4M
- Veris Residential IncCUSIP 554489104 was $441K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.9% | +14.8% |
| March 31, 2026 | +3.5% | −4.6% |
| December 31, 2025 | −2.2% | +2.4% |
| September 30, 2025 | +2.4% | +7.8% |
| June 30, 2025 | −1.4% | +10.5% |
| March 31, 2025 | −0.3% | −4.6% |
| December 31, 2024 | −6.7% | +2.1% |
| September 30, 2024 | +15.5% | +5.4% |
| June 30, 2024 | +0.2% | +4.0% |
| March 31, 2024 | −1.7% | +10.0% |
| December 31, 2023 | +14.5% | +11.2% |
| September 30, 2023 | −8.3% | −3.6% |
| June 30, 2023 | +1.8% | +8.3% |
| March 31, 2023 | +2.4% | +7.0% |
| December 31, 2022 | +1.9% | +7.1% |
| September 30, 2022 | −12.7% | −5.3% |
| June 30, 2022 | −17.0% | −16.5% |
| March 31, 2022 | −4.2% | −4.9% |
| December 31, 2021 | +13.7% | +10.7% |
| September 30, 2021 | +0.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Heitman Real Estate Securities LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1080117&type=13F-HR&dateb=&owner=include&count=40CIK 1080117
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1080117/000114036126033050/Filed August 14, 2026 · accession 0001140361-26-033050