CBRE Investment Management Listed Real Assets LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), CBRE Investment Management Listed Real Assets LLC reported 109 stock positions worth $5.4 billion. Its top holding was Equinix (EQIX) at 7.1% of the portfolio, followed by Realty Income (O, 6.2%) and Public Storage (PSA, 5.6%). Compared with Q1 2024, it opened 8 new positions, sold out of 7, added to 49 and reduced 46. The biggest buy was Equinix (EQIX, shares +34%) and the biggest sale an exit from Apartment Income REIT (AIRC).
- Most Recent 13F
- Q2 2026
- Location
- RADNOR, PA
- CIK
- 0001033984
- Portfolio Value
- $5.4B (Q2 2024)
- SEC Filing
- 0001033984-24-000005 ↗ filed Aug 13, 2024
Holdings Value
Holdings 109 stocks · $5.4B
| EQIX Equinix Inc. | 7.09% | 509,002 | $385.1M | Add +34.0% |
| O Realty Income Corp. | 6.19% | 6,363,707 | $336.1M | Add +7.7% |
| PSA Public Storage | 5.63% | 1,062,410 | $305.6M | Add +14.1% |
| SPG Simon Property Group Inc. | 5.05% | 1,806,155 | $274.2M | Reduce -2.2% |
| WELL Welltower Inc. | 3.59% | 1,869,543 | $194.9M | Reduce -33.9% |
| PLD Prologis Inc. | 3.28% | 1,584,971 | $178.0M | Reduce -1.9% |
| REXR Rexford Industrial Realty Inc. | 3.05% | 3,716,302 | $165.7M | Add +4.4% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 2.60% | 1,172,174 | $141.1M | Add +17.3% |
| INVH Invitation Homes Inc. | 2.54% | 3,835,359 | $137.7M | Add +9.1% |
| AVB Avalonbay Communities Inc. | 2.48% | 650,683 | $134.6M | Add +3.0% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 2.42% | 4,586,375 | $131.4M | Add +46.1% |
| WEC WEC Energy Group Inc. | 2.20% | 1,525,231 | $119.7M | Add +47.6% |
| CUBE Cubesmart | 2.15% | 2,586,249 | $116.8M | Reduce -4.3% |
| AMT American Tower Corp. | 2.11% | 589,547 | $114.6M | Reduce -18.4% |
| DOC Healthpeak Properties Inc. | 1.84% | 5,109,278 | $100.1M | Reduce -1.8% |
| ARE Alexandria Real Estate Equit | 1.79% | 830,982 | $97.2M | Reduce -8.3% |
| CSX CSX Corp. | 1.64% | 2,656,127 | $88.8M | Reduce -0.1% |
| BRX Brixmor Property Group Inc. | 1.60% | 3,771,923 | $87.1M | Add +26.3% |
| HST Host Hotels & Resorts Inc. | 1.52% | 4,594,200 | $82.6M | Add +69.6% |
| NEE Nextera Energy Inc. | 1.45% | 1,114,560 | $78.9M | Reduce -43.3% |
| TRGP Targa Resources Corp. | 1.44% | 607,655 | $78.3M | Reduce -1.7% |
| SBAC SBA Communications Corp. | 1.42% | 392,344 | $77.0M | Reduce -11.4% |
| SRE Sempra | 1.37% | 976,599 | $74.3M | Reduce -4.0% |
| AES AES Corp. | 1.37% | 4,219,383 | $74.1M | Reduce -14.3% |
| PCG P G & E Corp. | 1.36% | 4,236,944 | $74.0M | Add +34.1% |
| CCI Crown Castle Inc. | 1.35% | 749,192 | $73.2M | Reduce -8.9% |
| ATO Atmos Energy Corp. | 1.27% | 593,409 | $69.2M | Add +55.3% |
| COLD Americold Realty Trust Inc. | 1.22% | 2,598,859 | $66.4M | New |
| XEL Xcel Energy Inc. | 1.08% | 1,098,186 | $58.7M | Add +108.1% |
| OGE Oge Energy Corp. | 1.08% | 1,638,085 | $58.5M | Add +20.6% |
| EXR Extra Space Storage Inc. | 0.97% | 338,327 | $52.6M | Reduce -25.9% |
| POR Portland General Electric Co. | 0.93% | 1,161,649 | $50.2M | Add +60.9% |
| PPL PPL Corp. | 0.90% | 1,764,243 | $48.8M | Reduce -19.1% |
| CMS CMS Energy Corp. | 0.80% | 730,879 | $43.5M | Reduce -1.3% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.79% | 616,026 | $42.7M | Add +774.9% |
| CPT Camden Property Trust | 0.78% | 389,042 | $42.4M | Add +5.9% |
| DUK Duke Energy Corp. | 0.76% | 413,668 | $41.5M | Add +11.6% |
| STAG Stag Industrial Inc. | 0.76% | 1,144,937 | $41.3M | Add +595.5% |
| NI Nisource Inc. | 0.76% | 1,431,566 | $41.2M | Add +20.8% |
| REG Regency Centers Corp. | 0.72% | 630,774 | $39.2M | Add +3.0% |
| PK Park Hotels & Resorts Inc. | 0.72% | 2,598,355 | $38.9M | Reduce -22.6% |
| ESS Essex Property Trust Inc. | 0.71% | 140,902 | $38.4M | Reduce -24.3% |
| SHO Sunstone Hotel Investors Inc. | 0.70% | 3,635,074 | $38.0M | Add +28.0% |
| FRT Federal Realty Invs Trust | 0.66% | 353,844 | $35.7M | Add +99.0% |
| ADC Agree Realty Corp. | 0.65% | 569,965 | $35.3M | Add +138.5% |
| AY Atlantica Sustainable Infras | 0.65% | 1,604,400 | $35.2M | New |
| UDR Udr Inc. | 0.65% | 855,529 | $35.2M | Add +1718.8% |
| XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP | 0.64% | 1,251,068 | $34.6M | Add +9.7% |
| ALE Allete Inc. | 0.63% | 546,136 | $34.1M | Reduce -2.9% |
| IRT Independence Realty Trust Inc. | 0.62% | 1,784,799 | $33.4M | Add +326.7% |
| ROIC Retail Opportunity Investmen | 0.60% | 2,620,244 | $32.6M | Add +15.9% |
| FCPT Four Corners Property Trust | 0.56% | 1,229,835 | $30.3M | Add +3.9% |
| HLT Hilton Worldwide Holdings Inc. | 0.54% | 135,223 | $29.5M | Reduce -10.7% |
| EVRG Evergy Inc. | 0.53% | 540,785 | $28.6M | New |
| PAGP Plains GP Holdings LP | 0.49% | 1,413,198 | $26.6M | Add +140.0% |
| MAC The Macerich Co. | 0.47% | 1,669,687 | $25.8M | Reduce -40.1% |
| HIW Highwoods Properties Inc. | 0.47% | 964,303 | $25.3M | Reduce -39.4% |
| NNN NNN REIT Inc. | 0.45% | 576,423 | $24.6M | Add +91.4% |
| CWT California Water Service Grp | 0.43% | 479,439 | $23.2M | Add +170.5% |
| EPD Enterprise Products Partners | 0.41% | 763,329 | $22.1M | New |
| ELME Elme Communities | 0.40% | 1,369,403 | $21.8M | Add +182.7% |
| D Dominion Energy Inc. | 0.33% | 369,494 | $18.1M | No change |
| BIP Brookfield Infrastructure Pa | 0.33% | 653,300 | $17.9M | Add +12.4% |
| DLR Digital Realty Trust Inc. | 0.32% | 114,181 | $17.4M | Add +20.2% |
| BROADSTONE NET LEASE INC | 0.32% | 1,078,392 | $17.1M | New |
| CWEN Clearway Energy Inc. Class C | 0.27% | 593,656 | $14.7M | No change |
| AMH American Homes 4 Rent- A | 0.27% | 388,059 | $14.4M | Reduce -56.5% |
| VTR Ventas Inc. | 0.26% | 277,447 | $14.2M | Reduce -75.5% |
| KRG Kite Realty Group Trust | 0.25% | 615,597 | $13.8M | Add +36.4% |
| NSA National Storage Affiliates | 0.24% | 316,068 | $13.0M | No change |
| CEG Constellation Energy | 0.23% | 62,465 | $12.5M | Reduce -60.0% |
| ES Eversource Energy | 0.23% | 219,929 | $12.5M | Reduce -63.0% |
| VRE Veris Residential Inc. | 0.22% | 795,377 | $11.9M | Reduce -3.9% |
| AKR Acadia Realty Trust | 0.21% | 644,136 | $11.5M | Reduce -19.9% |
| AWK American Water Works Co. Inc. | 0.20% | 85,072 | $11.0M | Add +2464.7% |
| HR Healthcare Realty Trust Inc. | 0.20% | 666,620 | $11.0M | No change |
| AEE Ameren Corporation | 0.20% | 152,027 | $10.8M | New |
| MAR Marriott International Class A | 0.20% | 44,671 | $10.8M | Add +8.7% |
| ESRT Empire State Realty Trust-A | 0.20% | 1,129,271 | $10.6M | Reduce -28.3% |
| BXP BXP Inc. filed as BOSTON PROPERTIES INC | 0.19% | 171,674 | $10.6M | Add +56.8% |
| WTRG Essential Utilities Inc. | 0.19% | 273,803 | $10.2M | Add +5.7% |
| NTST Netstreit Corp. | 0.18% | 620,738 | $10.0M | Add +54.6% |
| SKT Tanger Inc. | 0.18% | 357,723 | $9.7M | Add +7.5% |
| PDM Piedmont Realty Trust Inc. | 0.18% | 1,328,817 | $9.6M | Reduce -3.8% |
| KRC Kilroy Realty Corp. | 0.16% | 281,090 | $8.8M | Reduce -64.8% |
| FR First Industrial Realty TR | 0.13% | 147,203 | $7.0M | New |
| AMLP Alerian MLP ETF | 0.13% | 141,981 | $6.8M | Reduce -2.1% |
| H Hyatt Hotels Corp. Class A | 0.11% | 39,843 | $6.1M | Add +1294.6% |
| MAA Mid-America Apartment Comm | 0.10% | 38,563 | $5.5M | Add +13.4% |
| VNO Vornado Realty Trust | 0.09% | 181,325 | $4.8M | Add +1.8% |
| UNIT Uniti Group LLC Com SHS | 0.07% | 1,374,800 | $4.0M | No change |
| MPT Medical Properties Trust Inc. | 0.05% | 640,100 | $2.8M | Reduce -24.7% |
| WY Weyerhaeuser Co. | 0.05% | 92,798 | $2.6M | Reduce -34.9% |
| LNT Alliant Energy Corp. | 0.05% | 50,697 | $2.6M | Reduce -23.2% |
| UNP Union Pacific Corp. | 0.04% | 9,895 | $2.2M | Reduce -90.2% |
| HUDSON PAC PPTYS INC | 0.04% | 454,631 | $2.2M | No change |
| CSR Centerspace | 0.04% | 29,004 | $2.0M | Add +4.3% |
| Essential Properties Realty | 0.03% | 58,150 | $1.6M | New |
| NSC Norfolk Southern Corp. | 0.03% | 7,446 | $1.6M | Reduce -93.4% |
| LNG Cheniere Energy Inc. | 0.02% | 7,404 | $1.3M | Reduce -91.0% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $35.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 856,000 | $35.5M | Add +4.1% |
Total filed on the 13F, all lines: $5.5B.
Portfolio Sells Q1 2024 → Q2 2024
| AIRC Apartment Income REIT Co. | Sold out | 0.00% | −1.48 |
| WELL Welltower Inc. | Reduce -33.9% | 3.59% | −1.33 |
| NEE Nextera Energy Inc. | Reduce -43.3% | 1.45% | −0.88 |
| SO The Southern Co. | Sold out | 0.00% | −0.82 |
| BNL Broadstone Net Lease Inc. | Sold out | 0.00% | −0.74 |
| VTR Ventas Inc. | Reduce -75.5% | 0.26% | −0.66 |
| PLD Prologis Inc. | Reduce -1.9% | 3.28% | −0.64 |
| AMT American Tower Corp. | Reduce -18.4% | 2.11% | −0.55 |
| NSC Norfolk Southern Corp. | Reduce -93.4% | 0.03% | −0.51 |
| ES Eversource Energy | Reduce -63.0% | 0.23% | −0.43 |
| UNP Union Pacific Corp. | Reduce -90.2% | 0.04% | −0.42 |
| MAC The Macerich Co. | Reduce -40.1% | 0.47% | −0.42 |
| PEG Public Service Enterprise GP | Sold out | 0.00% | −0.40 |
| ARE Alexandria Real Estate Equit | Reduce -8.3% | 1.79% | −0.39 |
| KRC Kilroy Realty Corp. | Reduce -64.8% | 0.16% | −0.38 |
| PNW Pinnacle West Capital | Sold out | 0.00% | −0.38 |
| PK Park Hotels & Resorts Inc. | Reduce -22.6% | 0.72% | −0.38 |
| SBAC SBA Communications Corp. | Reduce -11.4% | 1.42% | −0.37 |
| AMH American Homes 4 Rent- A | Reduce -56.5% | 0.27% | −0.34 |
| SPG Simon Property Group Inc. | Reduce -2.2% | 5.05% | −0.33 |
| RHP Ryman Hospitality Properties | Reduce -97.1% | 0.01% | −0.31 |
| HIW Highwoods Properties Inc. | Reduce -39.4% | 0.47% | −0.31 |
| CEG Constellation Energy | Reduce -60.0% | 0.23% | −0.31 |
| KMI Kinder Morgan Inc. | Reduce -96.9% | 0.01% | −0.28 |
| EXR Extra Space Storage Inc. | Reduce -25.9% | 0.97% | −0.28 |
| AES AES Corp. | Reduce -14.3% | 1.37% | −0.28 |
| CCI Crown Castle Inc. | Reduce -8.9% | 1.35% | −0.27 |
| LNG Cheniere Energy Inc. | Reduce -91.0% | 0.02% | −0.22 |
| PPL PPL Corp. | Reduce -19.1% | 0.90% | −0.22 |
| CSX CSX Corp. | Reduce -0.1% | 1.64% | −0.20 |
| CUZ Cousins Properties Inc. | Reduce -89.0% | 0.02% | −0.16 |
| SR Spire Inc. | Sold out | 0.00% | −0.16 |
| ESS Essex Property Trust Inc. | Reduce -24.3% | 0.71% | −0.14 |
| CUBE Cubesmart | Reduce -4.3% | 2.15% | −0.12 |
| ESRT Empire State Realty Trust-A | Reduce -28.3% | 0.20% | −0.10 |
| KIM Kimco Realty Corp. | Sold out | 0.00% | −0.06 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -10.7% | 0.54% | −0.06 |
| WY Weyerhaeuser Co. | Reduce -34.9% | 0.05% | −0.05 |
| AKR Acadia Realty Trust | Reduce -19.9% | 0.21% | −0.04 |
| CMS CMS Energy Corp. | Reduce -1.3% | 0.80% | −0.03 |
| MPT Medical Properties Trust Inc. | Reduce -24.7% | 0.05% | −0.02 |
| VRE Veris Residential Inc. | Reduce -3.9% | 0.22% | −0.01 |
| LNT Alliant Energy Corp. | Reduce -23.2% | 0.05% | −0.01 |
| PDM Piedmont Realty Trust Inc. | Reduce -3.8% | 0.18% | −0.00 |
| CPK Chesapeake Utilities Corp. | Reduce -27.8% | 0.01% | −0.00 |
| AMLP Alerian MLP ETF | Reduce -2.1% | 0.13% | −0.00 |
| WMB Williams Cos Inc. | Reduce -17.2% | 0.02% | −0.00 |
| OKE Oneok Inc. | Reduce -7.5% | 0.02% | −0.00 |
| DTE DTE Energy Company | Reduce -0.1% | 0.02% | −0.00 |
| ALE Allete Inc. | Reduce -2.9% | 0.63% | +0.00 |
Portfolio Buys Q1 2024 → Q2 2024
| EQIX Equinix Inc. | Add +34.0% | 7.09% | +1.26 |
| COLD Americold Realty Trust Inc. | New | 1.22% | +1.22 |
| VMRK Vivmark Residential | Add +774.9% | 0.79% | +0.70 |
| VICI Vici Properties Inc. | Add +46.1% | 2.42% | +0.68 |
| AY Atlantica Sustainable Infras | New | 0.65% | +0.65 |
| STAG Stag Industrial Inc. | Add +595.5% | 0.76% | +0.64 |
| WEC WEC Energy Group Inc. | Add +47.6% | 2.20% | +0.62 |
| UDR Udr Inc. | Add +1718.8% | 0.65% | +0.62 |
| PSA Public Storage | Add +14.1% | 5.63% | +0.60 |
| XEL Xcel Energy Inc. | Add +108.1% | 1.08% | +0.55 |
| EVRG Evergy Inc. | New | 0.53% | +0.53 |
| IRT Independence Realty Trust Inc. | Add +326.7% | 0.62% | +0.49 |
| HST Host Hotels & Resorts Inc. | Add +69.6% | 1.52% | +0.48 |
| ATO Atmos Energy Corp. | Add +55.3% | 1.27% | +0.43 |
| EPD Enterprise Products Partners | New | 0.41% | +0.41 |
| ADC Agree Realty Corp. | Add +138.5% | 0.65% | +0.40 |
| PCG P G & E Corp. | Add +34.1% | 1.36% | +0.38 |
| POR Portland General Electric Co. | Add +60.9% | 0.93% | +0.36 |
| FRT Federal Realty Invs Trust | Add +99.0% | 0.66% | +0.32 |
| BROADSTONE NET LEASE INC | New | 0.32% | +0.32 |
| BRX Brixmor Property Group Inc. | Add +26.3% | 1.60% | +0.30 |
| AVB Avalonbay Communities Inc. | Add +3.0% | 2.48% | +0.30 |
| PAGP Plains GP Holdings LP | Add +140.0% | 0.49% | +0.29 |
| ELME Elme Communities | Add +182.7% | 0.40% | +0.28 |
| CWT California Water Service Grp | Add +170.5% | 0.43% | +0.27 |
| O Realty Income Corp. | Add +7.7% | 6.19% | +0.24 |
| NNN NNN REIT Inc. | Add +91.4% | 0.45% | +0.21 |
| OGE Oge Energy Corp. | Add +20.6% | 1.08% | +0.21 |
| SUI Sun Communities Inc. | Add +17.3% | 2.60% | +0.21 |
| INVH Invitation Homes Inc. | Add +9.1% | 2.54% | +0.20 |
| AEE Ameren Corporation | New | 0.20% | +0.20 |
| AWK American Water Works Co. Inc. | Add +2464.7% | 0.20% | +0.19 |
| NI Nisource Inc. | Add +20.8% | 0.76% | +0.15 |
| FR First Industrial Realty TR | New | 0.13% | +0.13 |
| SHO Sunstone Hotel Investors Inc. | Add +28.0% | 0.70% | +0.11 |
| CPT Camden Property Trust | Add +5.9% | 0.78% | +0.11 |
| H Hyatt Hotels Corp. Class A | Add +1294.6% | 0.11% | +0.10 |
| DUK Duke Energy Corp. | Add +11.6% | 0.76% | +0.10 |
| KRG Kite Realty Group Trust | Add +36.4% | 0.25% | +0.07 |
| DLR Digital Realty Trust Inc. | Add +20.2% | 0.32% | +0.07 |
| BXP BXP Inc. | Add +56.8% | 0.19% | +0.06 |
| ROIC Retail Opportunity Investmen | Add +15.9% | 0.60% | +0.06 |
| NTST Netstreit Corp. | Add +54.6% | 0.18% | +0.05 |
| REG Regency Centers Corp. | Add +3.0% | 0.72% | +0.03 |
| Essential Properties Realty | New | 0.03% | +0.03 |
| FCPT Four Corners Property Trust | Add +3.9% | 0.56% | +0.02 |
| MAA Mid-America Apartment Comm | Add +13.4% | 0.10% | +0.02 |
| WTRG Essential Utilities Inc. | Add +5.7% | 0.19% | +0.01 |
| CSR Centerspace | Add +4.3% | 0.04% | +0.01 |
| MAR Marriott International Class A | Add +8.7% | 0.20% | +0.01 |
Notes & Other Activity Q1 2024 → Q2 2024
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Add +4.1% | 856,000 | $35.5M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 99 | $7.2B | WELL, EQIX, PLD, AMT, XEL |
| Q1 2026 | 94 | $6.7B | WELL, EQIX, PLD, SPG, XEL |
| Q4 2025 | 95 | $6.8B | WELL, EQIX, PLD, SPG, VICI |
| Q3 2025 | 103 | $7.0B | WELL, EQIX, SPG, PLD, VICI |
| Q2 2025 | 104 | $6.5B | WELL, EQIX, SPG, O, INVH |
| Q1 2025 | 107 | $6.5B | WELL, EQIX, SPG, O, PLD |
| Q4 2024 | 112 | $5.6B | EQIX, O, SPG, WELL, INVH |
| Q3 2024 | 109 | $6.3B | EQIX, O, SPG, WELL, INVH |
| Q2 2024 | 109 | $5.4B | EQIX, O, PSA, SPG, WELL |
| Q1 2024 | 108 | $5.4B | O, EQIX, SPG, PSA, WELL |