CBRE Investment Management Listed Real Assets LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), CBRE Investment Management Listed Real Assets LLC reported 109 stock positions worth $6.3 billion. Its top holding was Equinix (EQIX) at 7.8% of the portfolio, followed by Realty Income (O, 6.1%) and Simon Property (SPG, 4.6%). Compared with Q2 2024, it opened 9 new positions, sold out of 9, added to 43 and reduced 52. The biggest buy was Regency Centers (REG, shares +147%) and the biggest sale Public Storage (PSA, shares −63%).
- Most Recent 13F
- Q2 2026
- Location
- RADNOR, PA
- CIK
- 0001033984
- Portfolio Value
- $6.3B (Q3 2024)
- SEC Filing
- 0001033984-24-000007 ↗ filed Nov 14, 2024
Holdings Value
Holdings 109 stocks · $6.3B
| EQIX Equinix Inc. | 7.79% | 549,298 | $487.6M | Add +7.9% |
| O Realty Income Corp. | 6.11% | 6,031,518 | $382.5M | Reduce -5.2% |
| SPG Simon Property Group Inc. | 4.55% | 1,685,059 | $284.8M | Reduce -6.7% |
| WELL Welltower Inc. | 3.38% | 1,651,939 | $211.5M | Reduce -11.6% |
| INVH Invitation Homes Inc. | 3.13% | 5,552,232 | $195.8M | Add +44.8% |
| REXR Rexford Industrial Realty Inc. | 3.01% | 3,737,908 | $188.1M | Add +0.6% |
| PLD Prologis Inc. | 2.96% | 1,467,630 | $185.3M | Reduce -7.4% |
| AMT American Tower Corp. | 2.79% | 751,165 | $174.7M | Add +27.4% |
| CUBE Cubesmart | 2.73% | 3,176,160 | $171.0M | Add +22.8% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 2.69% | 1,247,076 | $168.5M | Add +6.4% |
| PSA Public Storage | 2.27% | 389,852 | $141.9M | Reduce -63.3% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 2.23% | 4,189,061 | $139.5M | Reduce -8.7% |
| WEC WEC Energy Group Inc. | 2.10% | 1,363,824 | $131.2M | Reduce -10.6% |
| CSX CSX Corp. | 1.99% | 3,598,480 | $124.3M | Add +35.5% |
| AES AES Corp. | 1.86% | 5,802,763 | $116.4M | Add +37.5% |
| REG Regency Centers Corp. | 1.80% | 1,559,305 | $112.6M | Add +147.2% |
| COLD Americold Realty Trust Inc. | 1.79% | 3,961,524 | $112.0M | Add +52.4% |
| DOC Healthpeak Properties Inc. | 1.78% | 4,873,462 | $111.5M | Reduce -4.6% |
| EXR Extra Space Storage Inc. | 1.64% | 569,819 | $102.7M | Add +68.4% |
| BRX Brixmor Property Group Inc. | 1.58% | 3,546,096 | $98.8M | Reduce -6.0% |
| AVB Avalonbay Communities Inc. | 1.50% | 418,083 | $94.2M | Reduce -35.8% |
| XEL Xcel Energy Inc. | 1.48% | 1,419,661 | $92.7M | Add +29.3% |
| PCG P G & E Corp. | 1.42% | 4,494,358 | $88.9M | Add +6.1% |
| CCI Crown Castle Inc. | 1.40% | 737,196 | $87.5M | Reduce -1.6% |
| FRT Federal Realty Invs Trust | 1.38% | 751,274 | $86.4M | Add +112.3% |
| CMS CMS Energy Corp. | 1.36% | 1,203,144 | $85.0M | Add +64.6% |
| TRGP Targa Resources Corp. | 1.30% | 548,058 | $81.1M | Reduce -9.8% |
| ATO Atmos Energy Corp. | 1.29% | 580,953 | $80.6M | Reduce -2.1% |
| UDR Udr Inc. | 1.23% | 1,692,219 | $76.7M | Add +97.8% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 1.10% | 927,073 | $69.0M | Add +50.5% |
| EVRG Evergy Inc. | 1.09% | 1,100,523 | $68.2M | Add +103.5% |
| POR Portland General Electric Co. | 1.06% | 1,389,083 | $66.5M | Add +19.6% |
| PPL PPL Corp. | 0.99% | 1,873,335 | $62.0M | Add +6.2% |
| WTRG Essential Utilities Inc. | 0.88% | 1,433,096 | $55.3M | Add +423.4% |
| ESS Essex Property Trust Inc. | 0.86% | 182,020 | $53.8M | Add +29.2% |
| HR Healthcare Realty Trust Inc. | 0.80% | 2,770,223 | $50.3M | Add +315.6% |
| BROADSTONE NET LEASE INC | 0.76% | 2,518,469 | $47.7M | Add +133.5% |
| SRE Sempra | 0.75% | 561,923 | $47.0M | Reduce -42.5% |
| CNP Centerpoint Energy Inc. | 0.75% | 1,593,954 | $46.9M | New |
| NI Nisource Inc. | 0.75% | 1,352,870 | $46.9M | Reduce -5.5% |
| CEG Constellation Energy | 0.73% | 174,891 | $45.5M | Add +180.0% |
| LINE Lineage Inc. | 0.68% | 545,501 | $42.8M | New |
| H Hyatt Hotels Corp. Class A | 0.65% | 266,984 | $40.6M | Add +570.1% |
| NNN NNN REIT Inc. | 0.64% | 825,706 | $40.0M | Add +43.3% |
| SHO Sunstone Hotel Investors Inc. | 0.63% | 3,835,385 | $39.6M | Add +5.5% |
| NEE Nextera Energy Inc. | 0.61% | 447,986 | $37.9M | Reduce -59.8% |
| ARE Alexandria Real Estate Equit | 0.59% | 311,565 | $37.0M | Reduce -62.5% |
| HST Host Hotels & Resorts Inc. | 0.57% | 2,033,919 | $35.8M | Reduce -55.7% |
| AY Atlantica Sustainable Infras | 0.55% | 1,564,400 | $34.4M | Reduce -2.5% |
| STAG Stag Industrial Inc. | 0.54% | 866,925 | $33.9M | Reduce -24.3% |
| CWT California Water Service Grp | 0.53% | 612,264 | $33.2M | Add +27.7% |
| SBAC SBA Communications Corp. | 0.53% | 137,785 | $33.2M | Reduce -64.9% |
| XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP | 0.51% | 1,158,549 | $32.0M | Reduce -7.4% |
| ADC Agree Realty Corp. | 0.51% | 423,057 | $31.9M | Reduce -25.8% |
| EPD Enterprise Products Partners | 0.51% | 1,092,044 | $31.8M | Add +43.1% |
| FCPT Four Corners Property Trust | 0.50% | 1,060,402 | $31.1M | Reduce -13.8% |
| AEE Ameren Corporation | 0.49% | 347,569 | $30.4M | Add +128.6% |
| ESRT Empire State Realty Trust-A | 0.46% | 2,601,564 | $28.8M | Add +130.4% |
| OGE Oge Energy Corp. | 0.45% | 680,608 | $27.9M | Reduce -58.5% |
| CPT Camden Property Trust | 0.44% | 225,262 | $27.8M | Reduce -42.1% |
| MAC The Macerich Co. | 0.43% | 1,464,924 | $26.7M | Reduce -12.3% |
| ROIC Retail Opportunity Investmen | 0.42% | 1,652,877 | $26.0M | Reduce -36.9% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.40% | 209,492 | $24.9M | New |
| BIP Brookfield Infrastructure Pa | 0.38% | 687,453 | $24.1M | Add +5.2% |
| PAGP Plains GP Holdings LP | 0.38% | 1,284,057 | $23.8M | Reduce -9.1% |
| ELME Elme Communities | 0.36% | 1,274,075 | $22.4M | Reduce -7.0% |
| D Dominion Energy Inc. | 0.34% | 369,494 | $21.4M | No change |
| ALE Allete Inc. | 0.34% | 332,569 | $21.3M | Reduce -39.1% |
| IRT Independence Realty Trust Inc. | 0.31% | 958,369 | $19.6M | Reduce -46.3% |
| MAR Marriott International Class A | 0.31% | 77,144 | $19.2M | Add +72.7% |
| VTR Ventas Inc. | 0.30% | 296,005 | $19.0M | Add +6.7% |
| GTY Getty Realty Corp. | 0.30% | 581,701 | $18.5M | New |
| CWEN Clearway Energy Inc. Class C | 0.29% | 593,656 | $18.2M | No change |
| FR First Industrial Realty TR | 0.28% | 316,866 | $17.7M | Add +115.3% |
| Essential Properties Realty | 0.26% | 475,044 | $16.2M | Add +716.9% |
| AMH American Homes 4 Rent- A | 0.24% | 398,235 | $15.3M | Add +2.6% |
| NSA National Storage Affiliates | 0.24% | 316,068 | $15.2M | No change |
| HIW Highwoods Properties Inc. | 0.22% | 407,659 | $13.7M | Reduce -57.7% |
| DLR Digital Realty Trust Inc. | 0.21% | 81,732 | $13.2M | Reduce -28.4% |
| BXP BXP Inc. | 0.19% | 151,604 | $12.2M | Reduce -11.7% |
| CDP Copt Defense Properties | 0.19% | 395,367 | $12.0M | New |
| VRE Veris Residential Inc. | 0.18% | 642,881 | $11.5M | Reduce -19.2% |
| NTST Netstreit Corp. | 0.18% | 685,094 | $11.3M | Add +10.4% |
| PK Park Hotels & Resorts Inc. | 0.18% | 800,659 | $11.3M | Reduce -69.2% |
| PDM Piedmont Realty Trust Inc. | 0.17% | 1,055,360 | $10.7M | Reduce -20.6% |
| HLT Hilton Worldwide Holdings Inc. | 0.16% | 43,966 | $10.1M | Reduce -67.5% |
| AKR Acadia Realty Trust | 0.16% | 419,568 | $9.9M | Reduce -34.9% |
| UNIT Uniti Group LLC Com SHS | 0.12% | 1,374,800 | $7.8M | No change |
| EXC Exelon Corp. | 0.11% | 162,162 | $6.6M | New |
| KRC Kilroy Realty Corp. | 0.10% | 168,007 | $6.5M | Reduce -40.2% |
| MAA Mid-America Apartment Comm | 0.10% | 39,176 | $6.2M | Add +1.6% |
| ETR Entergy Corp. | 0.09% | 42,818 | $5.6M | New |
| KRG Kite Realty Group Trust | 0.08% | 188,506 | $5.0M | Reduce -69.4% |
| UNP Union Pacific Corp. | 0.06% | 15,736 | $3.9M | Add +59.0% |
| WY Weyerhaeuser Co. | 0.06% | 113,249 | $3.8M | Add +22.0% |
| VNO Vornado Realty Trust | 0.05% | 86,623 | $3.4M | Reduce -52.2% |
| MPT Medical Properties Trust Inc. | 0.05% | 570,100 | $3.3M | Reduce -10.9% |
| ES Eversource Energy | 0.05% | 42,011 | $2.9M | Reduce -80.9% |
| CUZ Cousins Properties Inc. | 0.04% | 95,050 | $2.8M | Add +116.3% |
| LNT Alliant Energy Corp. | 0.03% | 35,899 | $2.2M | Reduce -29.2% |
| HUDSON PAC PPTYS INC | 0.03% | 454,631 | $2.2M | No change |
| DUK Duke Energy Corp. | 0.03% | 16,069 | $1.9M | Reduce -96.1% |
| CSR Centerspace | 0.03% | 23,212 | $1.6M | Reduce -20.0% |
| UE Urban Edge Properties | 0.02% | 54,667 | $1.2M | New |
| GLPI Gaming and Leisure Propertie | 0.02% | 19,003 | $978K | New |
| DTE DTE Energy Company | 0.01% | 6,728 | $864K | Reduce -11.3% |
| AWK American Water Works Co. Inc. | 0.01% | 4,100 | $600K | Reduce -95.2% |
| CPK Chesapeake Utilities Corp. | 0.01% | 3,227 | $401K | Reduce -10.2% |
| SKT Tanger Inc. | 0.00% | 7,140 | $237K | Reduce -98.0% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $31.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 686,000 | $31.8M | Reduce -19.9% |
Total filed on the 13F, all lines: $6.3B.
Portfolio Sells Q2 2024 → Q3 2024
| PSA Public Storage | Reduce -63.3% | 2.27% | −3.36 |
| ARE Alexandria Real Estate Equit | Reduce -62.5% | 0.59% | −1.20 |
| AVB Avalonbay Communities Inc. | Reduce -35.8% | 1.50% | −0.97 |
| HST Host Hotels & Resorts Inc. | Reduce -55.7% | 0.57% | −0.95 |
| SBAC SBA Communications Corp. | Reduce -64.9% | 0.53% | −0.89 |
| NEE Nextera Energy Inc. | Reduce -59.8% | 0.61% | −0.85 |
| DUK Duke Energy Corp. | Reduce -96.1% | 0.03% | −0.73 |
| OGE Oge Energy Corp. | Reduce -58.5% | 0.45% | −0.63 |
| SRE Sempra | Reduce -42.5% | 0.75% | −0.62 |
| PK Park Hotels & Resorts Inc. | Reduce -69.2% | 0.18% | −0.54 |
| SPG Simon Property Group Inc. | Reduce -6.7% | 4.55% | −0.50 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -67.5% | 0.16% | −0.38 |
| CPT Camden Property Trust | Reduce -42.1% | 0.44% | −0.34 |
| PLD Prologis Inc. | Reduce -7.4% | 2.96% | −0.32 |
| IRT Independence Realty Trust Inc. | Reduce -46.3% | 0.31% | −0.30 |
| ALE Allete Inc. | Reduce -39.1% | 0.34% | −0.29 |
| HIW Highwoods Properties Inc. | Reduce -57.7% | 0.22% | −0.25 |
| STAG Stag Industrial Inc. | Reduce -24.3% | 0.54% | −0.22 |
| WELL Welltower Inc. | Reduce -11.6% | 3.38% | −0.21 |
| AWK American Water Works Co. Inc. | Reduce -95.2% | 0.01% | −0.19 |
| VICI Vici Properties Inc. | Reduce -8.7% | 2.23% | −0.19 |
| ROIC Retail Opportunity Investmen | Reduce -36.9% | 0.42% | −0.18 |
| ES Eversource Energy | Reduce -80.9% | 0.05% | −0.18 |
| SKT Tanger Inc. | Reduce -98.0% | 0.00% | −0.17 |
| KRG Kite Realty Group Trust | Reduce -69.4% | 0.08% | −0.17 |
| TRGP Targa Resources Corp. | Reduce -9.8% | 1.30% | −0.15 |
| ADC Agree Realty Corp. | Reduce -25.8% | 0.51% | −0.14 |
| XIFR XPLR Infrastructure LP | Reduce -7.4% | 0.51% | −0.13 |
| AMLP Alerian MLP ETF | Sold out | 0.00% | −0.13 |
| PAGP Plains GP Holdings LP | Reduce -9.1% | 0.38% | −0.11 |
| DLR Digital Realty Trust Inc. | Reduce -28.4% | 0.21% | −0.11 |
| WEC WEC Energy Group Inc. | Reduce -10.6% | 2.10% | −0.11 |
| AY Atlantica Sustainable Infras | Reduce -2.5% | 0.55% | −0.10 |
| O Realty Income Corp. | Reduce -5.2% | 6.11% | −0.08 |
| DOC Healthpeak Properties Inc. | Reduce -4.6% | 1.78% | −0.06 |
| FCPT Four Corners Property Trust | Reduce -13.8% | 0.50% | −0.06 |
| KRC Kilroy Realty Corp. | Reduce -40.2% | 0.10% | −0.06 |
| AKR Acadia Realty Trust | Reduce -34.9% | 0.16% | −0.06 |
| MAC The Macerich Co. | Reduce -12.3% | 0.43% | −0.05 |
| ELME Elme Communities | Reduce -7.0% | 0.36% | −0.04 |
| VRE Veris Residential Inc. | Reduce -19.2% | 0.18% | −0.04 |
| VNO Vornado Realty Trust | Reduce -52.2% | 0.05% | −0.03 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.03 |
| BRX Brixmor Property Group Inc. | Reduce -6.0% | 1.58% | −0.03 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.02 |
| OKE Oneok Inc. | Sold out | 0.00% | −0.02 |
| WMB Williams Cos Inc. | Sold out | 0.00% | −0.02 |
| ENB Enbridge Inc. | Sold out | 0.00% | −0.02 |
| LNT Alliant Energy Corp. | Reduce -29.2% | 0.03% | −0.01 |
| PBA Pembina Pipeline Corp. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| REG Regency Centers Corp. | Add +147.2% | 1.80% | +1.08 |
| CNP Centerpoint Energy Inc. | New | 0.75% | +0.75 |
| FRT Federal Realty Invs Trust | Add +112.3% | 1.38% | +0.72 |
| EQIX Equinix Inc. | Add +7.9% | 7.79% | +0.70 |
| WTRG Essential Utilities Inc. | Add +423.4% | 0.88% | +0.69 |
| LINE Lineage Inc. | New | 0.68% | +0.68 |
| AMT American Tower Corp. | Add +27.4% | 2.79% | +0.68 |
| EXR Extra Space Storage Inc. | Add +68.4% | 1.64% | +0.67 |
| HR Healthcare Realty Trust Inc. | Add +315.6% | 0.80% | +0.60 |
| INVH Invitation Homes Inc. | Add +44.8% | 3.13% | +0.59 |
| CUBE Cubesmart | Add +22.8% | 2.73% | +0.58 |
| UDR Udr Inc. | Add +97.8% | 1.23% | +0.58 |
| COLD Americold Realty Trust Inc. | Add +52.4% | 1.79% | +0.57 |
| EVRG Evergy Inc. | Add +103.5% | 1.09% | +0.56 |
| CMS CMS Energy Corp. | Add +64.6% | 1.36% | +0.56 |
| H Hyatt Hotels Corp. Class A | Add +570.1% | 0.65% | +0.54 |
| CEG Constellation Energy | Add +180.0% | 0.73% | +0.50 |
| AES AES Corp. | Add +37.5% | 1.86% | +0.49 |
| BROADSTONE NET LEASE INC | Add +133.5% | 0.76% | +0.45 |
| XEL Xcel Energy Inc. | Add +29.3% | 1.48% | +0.40 |
| IRM Iron Mountain Inc. | New | 0.40% | +0.40 |
| CSX CSX Corp. | Add +35.5% | 1.99% | +0.35 |
| VMRK Vivmark Residential | Add +50.5% | 1.10% | +0.32 |
| GTY Getty Realty Corp. | New | 0.30% | +0.30 |
| AEE Ameren Corporation | Add +128.6% | 0.49% | +0.29 |
| ESRT Empire State Realty Trust-A | Add +130.4% | 0.46% | +0.27 |
| Essential Properties Realty | Add +716.9% | 0.26% | +0.23 |
| CDP Copt Defense Properties | New | 0.19% | +0.19 |
| NNN NNN REIT Inc. | Add +43.3% | 0.64% | +0.19 |
| FR First Industrial Realty TR | Add +115.3% | 0.28% | +0.15 |
| ESS Essex Property Trust Inc. | Add +29.2% | 0.86% | +0.15 |
| POR Portland General Electric Co. | Add +19.6% | 1.06% | +0.14 |
| MAR Marriott International Class A | Add +72.7% | 0.31% | +0.11 |
| EXC Exelon Corp. | New | 0.11% | +0.11 |
| CWT California Water Service Grp | Add +27.7% | 0.53% | +0.10 |
| EPD Enterprise Products Partners | Add +43.1% | 0.51% | +0.10 |
| SUI Sun Communities Inc. | Add +6.4% | 2.69% | +0.10 |
| PPL PPL Corp. | Add +6.2% | 0.99% | +0.09 |
| ETR Entergy Corp. | New | 0.09% | +0.09 |
| PCG P G & E Corp. | Add +6.1% | 1.42% | +0.06 |
| BIP Brookfield Infrastructure Pa | Add +5.2% | 0.38% | +0.05 |
| VTR Ventas Inc. | Add +6.7% | 0.30% | +0.04 |
| CUZ Cousins Properties Inc. | Add +116.3% | 0.04% | +0.03 |
| UNP Union Pacific Corp. | Add +59.0% | 0.06% | +0.02 |
| UE Urban Edge Properties | New | 0.02% | +0.02 |
| GLPI Gaming and Leisure Propertie | New | 0.02% | +0.02 |
| WY Weyerhaeuser Co. | Add +22.0% | 0.06% | +0.01 |
| MAA Mid-America Apartment Comm | Add +1.6% | 0.10% | −0.00 |
| NTST Netstreit Corp. | Add +10.4% | 0.18% | −0.00 |
| AMH American Homes 4 Rent- A | Add +2.6% | 0.24% | −0.02 |
Notes & Other Activity Q2 2024 → Q3 2024
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -19.9% | 686,000 | $31.8M |
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 |