Aew Capital Management L P
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Aew Capital Management L P reported 37 stock positions worth $1.4 billion. Its top holding was Welltower (WELL) at 13.1% of the portfolio, followed by Prologis (PLD, 9.0%) and Realty Income (O, 7.6%). Compared with Q3 2025, it opened 2 new positions, sold out of 8, added to 8 and reduced 26. The biggest buy was American Tower (AMT, shares +47%) and the biggest sale an exit from Iron Mountain (IRM).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001046187
- Portfolio Value
- $1.4B (Q4 2025)
- SEC Filing
- 0001104659-26-011392 ↗ filed Feb 6, 2026
Holdings Value
Holdings 37 stocks · $1.4B
| WELL Welltower Inc. | 13.07% | 973,236 | $180.6M | Reduce -19.2% |
| PLD Prologis Inc. | 8.99% | 973,308 | $124.3M | Reduce -12.5% |
| O Realty Income Corp. | 7.63% | 1,869,633 | $105.4M | Reduce -12.6% |
| AVB Avalonbay Communities Inc. | 7.31% | 557,322 | $101.0M | Reduce -18.6% |
| EQIX Equinix Inc. | 6.67% | 120,245 | $92.1M | Reduce -23.2% |
| PSA Public Storage | 6.26% | 333,566 | $86.6M | Reduce -19.1% |
| DLR Digital Realty Trust Inc. | 6.15% | 549,663 | $85.0M | Reduce -16.2% |
| SPG Simon Property Group Inc. | 5.88% | 438,967 | $81.3M | Reduce -17.2% |
| MAA Mid-America Apartment Comm | 4.87% | 484,092 | $67.2M | Reduce -21.6% |
| HIW Highwoods Properties Inc. | 4.55% | 2,433,243 | $62.8M | Add +3.8% |
| AMH American Homes 4 Rent- A | 4.35% | 1,873,309 | $60.1M | Reduce -9.3% |
| BRX Brixmor Property Group Inc. | 4.33% | 2,283,171 | $59.9M | Reduce -20.8% |
| BNL Broadstone Net Lease Inc. | 4.30% | 3,422,984 | $59.5M | Reduce -6.1% |
| LXP LXP Industrial Trust | 4.20% | 1,169,582 | $58.0M | Reduce -36.0% |
| CURB Curbline Properties Corp. | 2.39% | 1,424,625 | $33.1M | Reduce -8.0% |
| CTRE Caretrust REIT Inc. | 1.84% | 701,884 | $25.4M | Reduce -36.0% |
| RHP Ryman Hospitality Properties | 1.41% | 205,590 | $19.5M | Reduce -34.0% |
| AMT American Tower Corp. | 1.18% | 92,670 | $16.3M | Add +46.8% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.85% | 186,180 | $11.7M | Add +2.6% |
| UDR Udr Inc. | 0.59% | 222,900 | $8.2M | Add +1.6% |
| INVH Invitation Homes Inc. | 0.57% | 282,760 | $7.9M | Add +0.3% |
| ESS Essex Property Trust Inc. | 0.54% | 28,660 | $7.5M | No change |
| ELS Equity Lifestyle Properties | 0.52% | 119,590 | $7.2M | Reduce -5.7% |
| CPT Camden Property Trust | 0.46% | 57,550 | $6.3M | Add +8.3% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.44% | 48,650 | $6.0M | Reduce -8.8% |
| IRT Independence Realty Trust Inc. | 0.34% | 271,575 | $4.7M | Reduce -55.0% |
| VTR Ventas Inc. | 0.13% | 22,850 | $1.8M | Reduce -79.3% |
| CUBE Cubesmart | 0.05% | 18,580 | $670K | Reduce -86.9% |
| VNO Vornado Realty Trust | 0.03% | 13,980 | $465K | Reduce -93.5% |
| KRC Kilroy Realty Corp. | 0.03% | 10,781 | $403K | Reduce -94.6% |
| STAG Stag Industrial Inc. | 0.02% | 6,100 | $224K | Add +41.9% |
| REXR Rexford Industrial Realty Inc. | 0.01% | 5,200 | $201K | Add +246.7% |
| REG Regency Centers Corp. | 0.01% | 1,600 | $110K | Reduce -11.1% |
| EGP Eastgroup Properties Inc. | 0.01% | 600 | $107K | Reduce -25.0% |
| LINE Lineage Inc. | 0.00% | 1,200 | $42K | New |
| SILA Sila Realty Trust Inc. | 0.00% | 1,800 | $42K | New |
| SKT Tanger Inc. | 0.00% | 500 | $17K | Reduce -61.5% |
Portfolio Sells Q3 2025 → Q4 2025
| IRM Iron Mountain Inc. | Sold out | 0.00% | −1.79 |
| MAC The Macerich Co. | Sold out | 0.00% | −0.53 |
| GLPI Gaming and Leisure Propertie | Sold out | 0.00% | −0.51 |
| KRG Kite Realty Group Trust | Sold out | 0.00% | −0.51 |
| PECO Phillips Edison & Company Inc. | Sold out | 0.00% | −0.48 |
| VNO Vornado Realty Trust | Reduce -93.5% | 0.03% | −0.45 |
| KRC Kilroy Realty Corp. | Reduce -94.6% | 0.03% | −0.44 |
| PSA Public Storage | Reduce -19.1% | 6.26% | −0.37 |
| LXP LXP Industrial Trust | Reduce -36.0% | 4.20% | −0.36 |
| VTR Ventas Inc. | Reduce -79.3% | 0.13% | −0.30 |
| CTRE Caretrust REIT Inc. | Reduce -36.0% | 1.84% | −0.28 |
| CUBE Cubesmart | Reduce -86.9% | 0.05% | −0.27 |
| IRT Independence Realty Trust Inc. | Reduce -55.0% | 0.34% | −0.21 |
| DLR Digital Realty Trust Inc. | Reduce -16.2% | 6.15% | −0.16 |
| EQIX Equinix Inc. | Reduce -23.2% | 6.67% | −0.16 |
| RHP Ryman Hospitality Properties | Reduce -34.0% | 1.41% | −0.15 |
| BRX Brixmor Property Group Inc. | Reduce -20.8% | 4.33% | −0.11 |
| HR Healthcare Realty Trust Inc. | Sold out | 0.00% | −0.08 |
| AVB Avalonbay Communities Inc. | Reduce -18.6% | 7.31% | −0.06 |
| AIV Apartment Invt & Mgmt Co. Class A | Sold out | 0.00% | −0.02 |
| ADC Agree Realty Corp. | Sold out | 0.00% | −0.00 |
| SKT Tanger Inc. | Reduce -61.5% | 0.00% | −0.00 |
| EGP Eastgroup Properties Inc. | Reduce -25.0% | 0.01% | +0.00 |
| REG Regency Centers Corp. | Reduce -11.1% | 0.01% | +0.00 |
| SUI Sun Communities Inc. | Reduce -8.8% | 0.44% | +0.05 |
| MAA Mid-America Apartment Comm | Reduce -21.6% | 4.87% | +0.06 |
| ELS Equity Lifestyle Properties | Reduce -5.7% | 0.52% | +0.10 |
| SPG Simon Property Group Inc. | Reduce -17.2% | 5.88% | +0.34 |
| O Realty Income Corp. | Reduce -12.6% | 7.63% | +0.39 |
| CURB Curbline Properties Corp. | Reduce -8.0% | 2.39% | +0.47 |
| AMH American Homes 4 Rent- A | Reduce -9.3% | 4.35% | +0.53 |
| BNL Broadstone Net Lease Inc. | Reduce -6.1% | 4.30% | +0.68 |
| WELL Welltower Inc. | Reduce -19.2% | 13.07% | +1.12 |
| PLD Prologis Inc. | Reduce -12.5% | 8.99% | +1.90 |
Portfolio Buys Q3 2025 → Q4 2025
| AMT American Tower Corp. | Add +46.8% | 1.18% | +0.50 |
| HIW Highwoods Properties Inc. | Add +3.8% | 4.55% | +0.39 |
| VMRK Vivmark Residential | Add +2.6% | 0.85% | +0.20 |
| CPT Camden Property Trust | Add +8.3% | 0.46% | +0.14 |
| UDR Udr Inc. | Add +1.6% | 0.59% | +0.14 |
| INVH Invitation Homes Inc. | Add +0.3% | 0.57% | +0.11 |
| REXR Rexford Industrial Realty Inc. | Add +246.7% | 0.01% | +0.01 |
| STAG Stag Industrial Inc. | Add +41.9% | 0.02% | +0.01 |
| SILA Sila Realty Trust Inc. | New | 0.00% | +0.00 |
| LINE Lineage Inc. | New | 0.00% | +0.00 |
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 |