Aew Capital Management L P
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), Aew Capital Management L P reported 48 stock positions worth $1.9 billion. Its top holding was Welltower (WELL) at 10.4% of the portfolio, followed by Prologis (PLD, 9.4%) and Equinix (EQIX, 7.7%). Compared with Q1 2025, it opened 1 new position, sold out of 1, added to 12 and reduced 31. The biggest buy was Cubesmart (CUBE, shares +164585%) and the biggest sale Mid-America Apartment Comm (MAA, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001046187
- Portfolio Value
- $1.9B (Q2 2025)
- SEC Filing
- 0001104659-25-074657 ↗ filed Aug 6, 2025
Holdings Value
Holdings 48 stocks · $1.9B
| WELL Welltower Inc. | 10.38% | 1,283,280 | $197.3M | Reduce -6.7% |
| PLD Prologis Inc. | 9.42% | 1,702,123 | $178.9M | Reduce -4.5% |
| EQIX Equinix Inc. | 7.70% | 183,831 | $146.2M | Reduce -13.4% |
| DLR Digital Realty Trust Inc. | 7.19% | 783,175 | $136.5M | Reduce -6.2% |
| PSA Public Storage | 6.36% | 412,100 | $120.9M | Reduce -4.6% |
| AVB Avalonbay Communities Inc. | 5.49% | 512,948 | $104.4M | Reduce -8.4% |
| O Realty Income Corp. | 4.49% | 1,480,168 | $85.3M | Reduce -4.0% |
| MAA Mid-America Apartment Comm | 3.97% | 510,094 | $75.5M | Reduce -18.9% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 3.35% | 619,677 | $63.6M | Reduce -7.4% |
| VTR Ventas Inc. | 2.57% | 772,146 | $48.8M | Reduce -13.8% |
| AMH American Homes 4 Rent- A | 2.51% | 1,323,234 | $47.7M | Reduce -6.2% |
| LXP LXP Industrial Trust | 2.47% | 5,670,611 | $46.8M | Add +0.2% |
| SPG Simon Property Group Inc. | 2.35% | 277,645 | $44.6M | Reduce -0.6% |
| BRX Brixmor Property Group Inc. | 2.25% | 1,641,088 | $42.7M | Reduce -7.8% |
| BNL Broadstone Net Lease Inc. | 2.13% | 2,522,109 | $40.5M | Reduce -17.8% |
| GLPI Gaming and Leisure Propertie | 2.03% | 826,502 | $38.6M | Reduce -5.4% |
| HIW Highwoods Properties Inc. | 1.96% | 1,199,580 | $37.3M | Add +3.6% |
| IRT Independence Realty Trust Inc. | 1.80% | 1,929,525 | $34.1M | Reduce -14.8% |
| CUBE Cubesmart | 1.47% | 658,740 | $28.0M | Add +164585.0% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 1.39% | 391,301 | $26.4M | Add +3.8% |
| MAC The Macerich Co. | 1.38% | 1,614,716 | $26.1M | Reduce -21.7% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 1.37% | 205,190 | $26.0M | Add +7.2% |
| KRG Kite Realty Group Trust | 1.25% | 1,046,248 | $23.7M | Reduce -12.4% |
| CTRE Caretrust REIT Inc. | 1.24% | 772,871 | $23.6M | Reduce -7.7% |
| EXR Extra Space Storage Inc. | 1.12% | 143,719 | $21.2M | Reduce -3.8% |
| INVH Invitation Homes Inc. | 1.10% | 639,555 | $21.0M | Reduce -1.0% |
| UDR Udr Inc. | 1.03% | 478,348 | $19.5M | Add +80.6% |
| VNO Vornado Realty Trust | 1.00% | 495,310 | $18.9M | Reduce -12.3% |
| RHP Ryman Hospitality Properties | 0.98% | 188,824 | $18.6M | Reduce -9.6% |
| PECO Phillips Edison & Company Inc. | 0.93% | 503,549 | $17.6M | Reduce -12.4% |
| ESS Essex Property Trust Inc. | 0.91% | 61,081 | $17.3M | Add +0.5% |
| CURB Curbline Properties Corp. | 0.88% | 732,864 | $16.7M | Reduce -7.3% |
| KRC Kilroy Realty Corp. | 0.82% | 455,732 | $15.6M | Reduce -12.4% |
| CPT Camden Property Trust | 0.81% | 137,225 | $15.5M | Reduce -14.2% |
| EGP Eastgroup Properties Inc. | 0.80% | 90,699 | $15.2M | Add +27.9% |
| AIV Apartment Invt & Mgmt Co. Class A | 0.77% | 1,696,500 | $14.7M | Reduce -14.6% |
| HR Healthcare Realty Trust Inc. | 0.77% | 920,200 | $14.6M | Reduce -12.3% |
| ELS Equity Lifestyle Properties | 0.57% | 176,103 | $10.9M | Add +72.9% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.31% | 181,230 | $5.9M | Add +1.2% |
| REXR Rexford Industrial Realty Inc. | 0.23% | 120,480 | $4.3M | New |
| WPC WP Carey Inc. | 0.20% | 61,560 | $3.8M | Reduce -55.9% |
| DOC Healthpeak Properties Inc. | 0.12% | 127,079 | $2.2M | Add +8.2% |
| ARE Alexandria Real Estate Equit | 0.11% | 27,910 | $2.0M | Add +8.1% |
| XRN Global Medical REIT Inc. | 0.01% | 29,820 | $207K | No change |
| STAG Stag Industrial Inc. | 0.01% | 3,600 | $131K | No change |
| REG Regency Centers Corp. | 0.01% | 1,500 | $107K | No change |
| SKT Tanger Inc. | 0.00% | 1,100 | $34K | Reduce -45.0% |
| ADC Agree Realty Corp. | 0.00% | 400 | $29K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| MAA Mid-America Apartment Comm | Reduce -18.9% | 3.97% | −1.18 |
| EQIX Equinix Inc. | Reduce -13.4% | 7.70% | −0.76 |
| IRT Independence Realty Trust Inc. | Reduce -14.8% | 1.80% | −0.55 |
| VTR Ventas Inc. | Reduce -13.8% | 2.57% | −0.45 |
| BNL Broadstone Net Lease Inc. | Reduce -17.8% | 2.13% | −0.42 |
| AVB Avalonbay Communities Inc. | Reduce -8.4% | 5.49% | −0.38 |
| MAC The Macerich Co. | Reduce -21.7% | 1.38% | −0.36 |
| PLD Prologis Inc. | Reduce -4.5% | 9.42% | −0.32 |
| WPC WP Carey Inc. | Reduce -55.9% | 0.20% | −0.23 |
| GLPI Gaming and Leisure Propertie | Reduce -5.4% | 2.03% | −0.14 |
| CPT Camden Property Trust | Reduce -14.2% | 0.81% | −0.14 |
| HR Healthcare Realty Trust Inc. | Reduce -12.3% | 0.77% | −0.10 |
| PECO Phillips Edison & Company Inc. | Reduce -12.4% | 0.93% | −0.10 |
| AMH American Homes 4 Rent- A | Reduce -6.2% | 2.51% | −0.09 |
| AIV Apartment Invt & Mgmt Co. Class A | Reduce -14.6% | 0.77% | −0.08 |
| BRX Brixmor Property Group Inc. | Reduce -7.8% | 2.25% | −0.06 |
| KRG Kite Realty Group Trust | Reduce -12.4% | 1.25% | −0.06 |
| CURB Curbline Properties Corp. | Reduce -7.3% | 0.88% | −0.05 |
| VNO Vornado Realty Trust | Reduce -12.3% | 1.00% | −0.02 |
| KRC Kilroy Realty Corp. | Reduce -12.4% | 0.82% | −0.01 |
| SKT Tanger Inc. | Reduce -45.0% | 0.00% | −0.00 |
| LINE Lineage Inc. | Sold out | 0.00% | −0.00 |
| INVH Invitation Homes Inc. | Reduce -1.0% | 1.10% | +0.00 |
| EXR Extra Space Storage Inc. | Reduce -3.8% | 1.12% | +0.03 |
| PSA Public Storage | Reduce -4.6% | 6.36% | +0.04 |
| RHP Ryman Hospitality Properties | Reduce -9.6% | 0.98% | +0.05 |
| CTRE Caretrust REIT Inc. | Reduce -7.7% | 1.24% | +0.07 |
| WELL Welltower Inc. | Reduce -6.7% | 10.38% | +0.08 |
| SPG Simon Property Group Inc. | Reduce -0.6% | 2.35% | +0.08 |
| O Realty Income Corp. | Reduce -4.0% | 4.49% | +0.12 |
| IRM Iron Mountain Inc. | Reduce -7.4% | 3.35% | +0.53 |
| DLR Digital Realty Trust Inc. | Reduce -6.2% | 7.19% | +1.34 |
Portfolio Buys Q1 2025 → Q2 2025
| CUBE Cubesmart | Add +164585.0% | 1.47% | +1.47 |
| UDR Udr Inc. | Add +80.6% | 1.03% | +0.44 |
| HIW Highwoods Properties Inc. | Add +3.6% | 1.96% | +0.28 |
| ELS Equity Lifestyle Properties | Add +72.9% | 0.57% | +0.24 |
| REXR Rexford Industrial Realty Inc. | New | 0.23% | +0.23 |
| EGP Eastgroup Properties Inc. | Add +27.9% | 0.80% | +0.19 |
| SUI Sun Communities Inc. | Add +7.2% | 1.37% | +0.16 |
| LXP LXP Industrial Trust | Add +0.2% | 2.47% | +0.07 |
| VMRK Vivmark Residential | Add +3.8% | 1.39% | +0.07 |
| VICI Vici Properties Inc. | Add +1.2% | 0.31% | +0.03 |
| DOC Healthpeak Properties Inc. | Add +8.2% | 0.12% | +0.00 |
| ESS Essex Property Trust Inc. | Add +0.5% | 0.91% | +0.00 |
| ARE Alexandria Real Estate Equit | Add +8.1% | 0.11% | −0.01 |
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 |