Sector · 13F · Q2 2026 · portfolios as of June 30, 2026
Real Estate: what concentrated managers hold, add and drop (Q2 2026)
Real Estate averages 2.9% of concentrated managers' 13F portfolios at the end of Q2 2026 (3.2% the previous quarter). They hold stocks of 172 companies in the sector; the largest combined position is Equinix.
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Weight of Real Estate in the portfolios, 20 quarters
Q2 2026: 2.9%
Largest holdings
By combined value in concentrated managers' portfolios.
- 1EquinixEQIX27 managers$4.4 bn
- 2WelltowerWELL17 managers$3.2 bn
- 3Howard Hughes HoldingsHHH4 managers$2.0 bn
- 4PrologisPLD22 managers$2.0 bn
- 5Zillow GroupZ12 managers$1.5 bn
- 6Digital Realty TrustDLR18 managers$1.4 bn
- 7VentasVTR12 managers$1.3 bn
- 8The St. JoeJOE3 managers$1.2 bn
- 9Simon Property GroupSPG18 managers$1.2 bn
- 10CompassCOMP15 managers$1.1 bn
Held by the most managers
By number of concentrated managers holding it.
- 1American TowerAMT2 opened · 2 exited · 9 added, 12 trimmed31was 31
- 2EquinixEQIX5 opened · 1 exited · 4 added, 11 trimmed27was 23
- 3PrologisPLD0 opened · 2 exited · 8 added, 8 trimmed22was 24
- 4Digital Realty TrustDLR2 opened · 0 exited · 12 added, 1 trimmed18was 16
- 5Simon Property GroupSPG0 opened · 1 exited · 4 added, 11 trimmed18was 19
- 6WelltowerWELL2 opened · 0 exited · 7 added, 5 trimmed17was 15
- 7CBRE GroupCBRE1 opened · 4 exited · 4 added, 5 trimmed16was 19
- 8WeyerhaeuserWY1 opened · 2 exited · 7 added, 3 trimmed16was 16
- 9CompassCOMP5 opened · 6 exited · 6 added, 0 trimmed15was 16
- 10Iron MountainIRM2 opened · 0 exited · 2 added, 4 trimmed14was 12
Stocks most managers added
Net change in managers over the quarter, and from how many to how many. From 0 to many is usually an IPO.
- 1Blackstone Digital Infrastructure TrustBXDC6 opened · 0 exited · 0 added, 0 trimmed · nobody held it the previous quarter+60 → 6
- 2EquinixEQIX5 opened · 1 exited · 4 added, 11 trimmed+423 → 27
- 3Healthpeak PropertiesDOC4 opened · 0 exited · 1 added, 5 trimmed+47 → 11
- 4VICI PropertiesVICI4 opened · 0 exited · 5 added, 0 trimmed+47 → 11
- 5Kilroy RealtyKRC3 opened · 0 exited · 4 added, 2 trimmed+37 → 10
- 6Digital Realty TrustDLR2 opened · 0 exited · 12 added, 1 trimmed+216 → 18
- 7WelltowerWELL2 opened · 0 exited · 7 added, 5 trimmed+215 → 17
- 8Iron MountainIRM2 opened · 0 exited · 2 added, 4 trimmed+212 → 14
- 9Realty IncomeO2 opened · 0 exited · 3 added, 3 trimmed+29 → 11
- 10Camden Property TrustCPT2 opened · 0 exited · 5 added, 1 trimmed+28 → 10
Stocks most managers dropped
Net change in managers over the quarter, and from how many to how many.
- 1CoStar GroupCSGP1 opened · 6 exited · 5 added, 2 trimmed−514 → 9
- 2Americold Realty TrustCOLD0 opened · 5 exited · 4 added, 3 trimmed−512 → 7
- 3Crown CastleCCI0 opened · 4 exited · 0 added, 6 trimmed−411 → 7
- 4CBRE GroupCBRE1 opened · 4 exited · 4 added, 5 trimmed−319 → 16
- 5Zillow GroupZ4 opened · 7 exited · 3 added, 4 trimmed−315 → 12
- 6Zillow GroupZG0 opened · 3 exited · 2 added, 0 trimmed−37 → 4
- 7PrologisPLD0 opened · 2 exited · 8 added, 8 trimmed−224 → 22
- 8Colliers International GroupCIGI0 opened · 2 exited · 3 added, 3 trimmed−211 → 9
- 9Cousins PropertiesCUZ0 opened · 2 exited · 1 added, 4 trimmed−27 → 5
- 10Rithm CapitalRITM0 opened · 2 exited · 1 added, 0 trimmed−24 → 2
Insider buying
Open-market purchases reported on Form 4, last 180 days.
- 1American Assets TrustAAT1 buyer · 3 managers$31.3M
- 2Agree RealtyADC5 buyers · 6 managers$7.1M
- 3Millrose PropertiesMRP5 buyers · 9 managers$6.7M
- 4Chiron Real EstateXRN12 buyers · 1 manager$3.2M
- 5CoStar GroupCSGP1 buyer · 9 managers$2.5M
- 6LineageLINE2 buyers · 6 managers$1.8M
- 7Pebblebrook Hotel TrustPEB1 buyer · 3 managers$1.7M
- 8Howard Hughes HoldingsHHH2 buyers · 4 managers$1.7M
- 9Clipper RealtyCLPR2 buyers · 1 manager$1.6M
- 10CresudCRESY3 buyers · 3 managers$1.4M
With holders above 5%
Companies in the sector with active 13D filings or holders reporting more than 5% (13D/13G).
- 1Colliers International GroupCIGI9 managers3 above 5%2 with a 13D
- 2Millrose PropertiesMRP9 managers4 above 5%1 with a 13D
- 3Curbline PropertiesCURB7 managers4 above 5%1 with a 13D
- 4American Homes 4 RentAMH6 managers3 above 5%2 with a 13D
- 5Blackstone Digital Infrastructure TrustBXDC6 managers7 above 5%1 with a 13D
- 6Empire State Realty TrustESRT5 managers5 above 5%1 with a 13D
- 7FermiFRMI4 managers3 above 5%1 with a 13D
- 8Howard Hughes HoldingsHHH4 managers3 above 5%1 with a 13D
- 9KE HoldingsBEKE4 managers3 above 5%3 with a 13D
- 10Zillow GroupZG4 managers6 above 5%2 with a 13D
How it is calculated
A sector's weight. For each concentrated manager we add up the weight of its positions in that sector within its 13F portfolio, then average across all of them. Every manager counts the same, whatever its size: it is not the share of total money. Stocks we could not classify weigh 2.7%; with them, the weights add up to 100%.
Where each company's sector comes from. From the industry code (SIC) the company reports to the SEC, mapped to eleven sectors with a published table, plus a short list of manual corrections. See the table.
How managers are counted. For each stock, how many concentrated managers held it at the end of the previous quarter and how many at the end of this one. A company that went public in the quarter goes from 0 to many: that is why both figures are shown, not just the difference. Who the concentrated managers are.
It is a snapshot of a quarter that has already closed: portfolios as of June 30, 2026, public by August 14, 2026. A 13F does not include short positions, bonds, cash or stocks not listed in the United States. Research information; not investment advice.