Aew Capital Management L P
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Aew Capital Management L P reported 48 stock positions worth $2.0 billion. Its top holding was Welltower (WELL) at 10.3% of the portfolio, followed by Prologis (PLD, 9.7%) and Equinix (EQIX, 8.5%). Compared with Q4 2024, it opened 1 new position, added to 13 and reduced 26. The biggest buy was a new position in Apartment Invt & Mgmt Class A (AIV) and the biggest sale Equinix (EQIX, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001046187
- Portfolio Value
- $2.0B (Q1 2025)
- SEC Filing
- 0001104659-25-048396 ↗ filed May 14, 2025
Holdings Value
Holdings 48 stocks · $2.0B
| WELL Welltower Inc. | 10.31% | 1,375,868 | $210.8M | Reduce -2.3% |
| PLD Prologis Inc. | 9.74% | 1,782,371 | $199.3M | Reduce -2.5% |
| EQIX Equinix Inc. | 8.46% | 212,261 | $173.1M | Reduce -7.1% |
| PSA Public Storage | 6.32% | 432,080 | $129.3M | Reduce -1.7% |
| AVB Avalonbay Communities Inc. | 5.88% | 560,196 | $120.2M | Reduce -3.5% |
| DLR Digital Realty Trust Inc. | 5.85% | 834,705 | $119.6M | Add +5.4% |
| MAA Mid-America Apartment Comm | 5.15% | 628,644 | $105.3M | Reduce -0.4% |
| O Realty Income Corp. | 4.37% | 1,541,738 | $89.4M | Reduce -3.9% |
| VTR Ventas Inc. | 3.01% | 895,976 | $61.6M | Reduce -9.3% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 2.82% | 669,267 | $57.6M | Reduce -1.4% |
| AMH American Homes 4 Rent- A | 2.61% | 1,410,361 | $53.3M | Reduce -16.1% |
| BNL Broadstone Net Lease Inc. | 2.55% | 3,066,439 | $52.3M | Reduce -2.2% |
| LXP LXP Industrial Trust | 2.39% | 5,661,321 | $49.0M | Reduce -2.7% |
| IRT Independence Realty Trust Inc. | 2.35% | 2,263,715 | $48.1M | Reduce -2.3% |
| BRX Brixmor Property Group Inc. | 2.31% | 1,778,978 | $47.2M | Reduce -8.2% |
| SPG Simon Property Group Inc. | 2.27% | 279,435 | $46.4M | Add +20.6% |
| GLPI Gaming and Leisure Propertie | 2.17% | 873,270 | $44.4M | Add +14.7% |
| MAC The Macerich Co. | 1.73% | 2,062,206 | $35.4M | Reduce -5.0% |
| HIW Highwoods Properties Inc. | 1.68% | 1,158,110 | $34.3M | Add +13.3% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 1.32% | 376,991 | $27.0M | Add +12.6% |
| KRG Kite Realty Group Trust | 1.31% | 1,194,368 | $26.7M | Reduce -4.8% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 1.20% | 191,460 | $24.6M | Reduce -0.1% |
| CTRE Caretrust REIT Inc. | 1.17% | 837,292 | $23.9M | Reduce -14.1% |
| INVH Invitation Homes Inc. | 1.10% | 645,845 | $22.5M | Reduce -15.0% |
| EXR Extra Space Storage Inc. | 1.08% | 149,379 | $22.2M | No change |
| PECO Phillips Edison & Company Inc. | 1.03% | 574,819 | $21.0M | Reduce -8.4% |
| VNO Vornado Realty Trust | 1.02% | 565,080 | $20.9M | Add +15.3% |
| CPT Camden Property Trust | 0.96% | 159,915 | $19.6M | Add +0.9% |
| CURB Curbline Properties Corp. | 0.93% | 790,257 | $19.1M | Add +29.4% |
| RHP Ryman Hospitality Properties | 0.93% | 208,966 | $19.1M | Reduce -8.3% |
| ESS Essex Property Trust Inc. | 0.91% | 60,781 | $18.6M | Add +1.7% |
| HR Healthcare Realty Trust Inc. | 0.87% | 1,049,450 | $17.7M | Add +14.0% |
| AIV Apartment Invt & Mgmt Co. Class A | 0.86% | 1,987,570 | $17.5M | New |
| KRC Kilroy Realty Corp. | 0.83% | 520,199 | $17.0M | Reduce -8.6% |
| EGP Eastgroup Properties Inc. | 0.61% | 70,939 | $12.5M | Add +0.3% |
| UDR Udr Inc. | 0.58% | 264,928 | $12.0M | Add +8.9% |
| WPC WP Carey Inc. | 0.43% | 139,640 | $8.8M | No change |
| ELS Equity Lifestyle Properties | 0.33% | 101,853 | $6.8M | Reduce -34.8% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.29% | 179,030 | $5.8M | No change |
| ARE Alexandria Real Estate Equit | 0.12% | 25,810 | $2.4M | No change |
| DOC Healthpeak Properties Inc. | 0.12% | 117,479 | $2.4M | No change |
| XRN Global Medical REIT Inc. | 0.01% | 29,820 | $261K | No change |
| STAG Stag Industrial Inc. | 0.01% | 3,600 | $130K | Add +12.5% |
| REG Regency Centers Corp. | 0.01% | 1,500 | $111K | Reduce -16.7% |
| SKT Tanger Inc. | 0.00% | 2,000 | $68K | Reduce -28.6% |
| ADC Agree Realty Corp. | 0.00% | 400 | $31K | No change |
| LINE Lineage Inc. | 0.00% | 300 | $18K | Reduce -40.0% |
| CUBE Cubesmart | 0.00% | 400 | $17K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| EQIX Equinix Inc. | Reduce -7.1% | 8.46% | −1.96 |
| IRM Iron Mountain Inc. | Reduce -1.4% | 2.82% | −0.63 |
| AMH American Homes 4 Rent- A | Reduce -16.1% | 2.61% | −0.43 |
| MAC The Macerich Co. | Reduce -5.0% | 1.73% | −0.36 |
| BRX Brixmor Property Group Inc. | Reduce -8.2% | 2.31% | −0.30 |
| AVB Avalonbay Communities Inc. | Reduce -3.5% | 5.88% | −0.29 |
| KRC Kilroy Realty Corp. | Reduce -8.6% | 0.83% | −0.28 |
| KRG Kite Realty Group Trust | Reduce -4.8% | 1.31% | −0.22 |
| RHP Ryman Hospitality Properties | Reduce -8.3% | 0.93% | −0.22 |
| ELS Equity Lifestyle Properties | Reduce -34.8% | 0.33% | −0.17 |
| PECO Phillips Edison & Company Inc. | Reduce -8.4% | 1.03% | −0.11 |
| CTRE Caretrust REIT Inc. | Reduce -14.1% | 1.17% | −0.10 |
| INVH Invitation Homes Inc. | Reduce -15.0% | 1.10% | −0.07 |
| PSA Public Storage | Reduce -1.7% | 6.32% | −0.04 |
| SKT Tanger Inc. | Reduce -28.6% | 0.00% | −0.00 |
| REG Regency Centers Corp. | Reduce -16.7% | 0.01% | −0.00 |
| LINE Lineage Inc. | Reduce -40.0% | 0.00% | −0.00 |
| SUI Sun Communities Inc. | Reduce -0.1% | 1.20% | +0.06 |
| LXP LXP Industrial Trust | Reduce -2.7% | 2.39% | +0.11 |
| IRT Independence Realty Trust Inc. | Reduce -2.3% | 2.35% | +0.13 |
| BNL Broadstone Net Lease Inc. | Reduce -2.2% | 2.55% | +0.15 |
| VTR Ventas Inc. | Reduce -9.3% | 3.01% | +0.20 |
| O Realty Income Corp. | Reduce -3.9% | 4.37% | +0.23 |
| PLD Prologis Inc. | Reduce -2.5% | 9.74% | +0.40 |
| MAA Mid-America Apartment Comm | Reduce -0.4% | 5.15% | +0.44 |
| WELL Welltower Inc. | Reduce -2.3% | 10.31% | +1.72 |
Portfolio Buys Q4 2024 → Q1 2025
| AIV Apartment Invt & Mgmt Co. Class A | New | 0.86% | +0.86 |
| GLPI Gaming and Leisure Propertie | Add +14.7% | 2.17% | +0.40 |
| SPG Simon Property Group Inc. | Add +20.6% | 2.27% | +0.34 |
| CURB Curbline Properties Corp. | Add +29.4% | 0.93% | +0.25 |
| HIW Highwoods Properties Inc. | Add +13.3% | 1.68% | +0.17 |
| VMRK Vivmark Residential | Add +12.6% | 1.32% | +0.16 |
| HR Healthcare Realty Trust Inc. | Add +14.0% | 0.87% | +0.11 |
| ESS Essex Property Trust Inc. | Add +1.7% | 0.91% | +0.09 |
| UDR Udr Inc. | Add +8.9% | 0.58% | +0.07 |
| CPT Camden Property Trust | Add +0.9% | 0.96% | +0.07 |
| EGP Eastgroup Properties Inc. | Add +0.3% | 0.61% | +0.06 |
| VNO Vornado Realty Trust | Add +15.3% | 1.02% | +0.03 |
| STAG Stag Industrial Inc. | Add +12.5% | 0.01% | +0.00 |
| DLR Digital Realty Trust Inc. | Add +5.4% | 5.85% | −0.94 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 38 | $1.7B | WELL, PLD, EQIX, AVB, SPG |
| Q1 2026 | 39 | $1.4B | WELL, PLD, EQIX, AVB, DLR |
| Q4 2025 | 37 | $1.4B | WELL, PLD, O, AVB, EQIX |
| Q3 2025 | 43 | $1.8B | WELL, AVB, O, PLD, EQIX |
| Q2 2025 | 48 | $1.9B | WELL, PLD, EQIX, DLR, PSA |
| Q1 2025 | 48 | $2.0B | WELL, PLD, EQIX, PSA, AVB |
| Q4 2024 | 47 | $2.1B | EQIX, PLD, WELL, DLR, PSA |
| Q3 2024 | 48 | $2.3B | PLD, EQIX, WELL, AVB, DLR |
| Q2 2024 | 45 | $2.1B | PLD, EQIX, WELL, AVB, DLR |
| Q1 2024 | 46 | $2.1B | PLD, EQIX, WELL, AVB, VICI |