CBRE Investment Management Listed Real Assets LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), CBRE Investment Management Listed Real Assets LLC reported 94 stock positions worth $6.7 billion. Its top holding was Welltower (WELL) at 8.8% of the portfolio, followed by Equinix (EQIX, 7.7%) and Prologis (PLD, 4.3%). Compared with Q4 2025, it opened 8 new positions, sold out of 9, added to 31 and reduced 50. The biggest buy was a new position in Evergy (EVRG) and the biggest sale Union Pacific (UNP, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- RADNOR, PA
- CIK
- 0001033984
- Portfolio Value
- $6.7B (Q1 2026)
- SEC Filing
- 0001033984-26-000008 ↗ filed May 14, 2026
Holdings Value
Holdings 94 stocks · $6.7B
| WELL Welltower Inc. | 8.84% | 3,006,833 | $594.5M | Reduce -6.9% |
| EQIX Equinix Inc. | 7.70% | 528,634 | $518.2M | Reduce -10.3% |
| PLD Prologis Inc. | 4.29% | 2,183,891 | $288.7M | Add +1.5% |
| SPG Simon Property Group Inc. | 3.35% | 1,209,585 | $225.6M | Reduce -6.2% |
| XEL Xcel Energy Inc. | 3.07% | 2,597,721 | $206.4M | Add +11.8% |
| AMT American Tower Corp. | 2.85% | 1,110,227 | $191.6M | Add +40.7% |
| PEG Public Service Enterprise GP | 2.65% | 2,201,156 | $178.2M | Add +13.1% |
| PPL PPL Corp. | 2.62% | 4,619,677 | $176.5M | Add +33.6% |
| WEC WEC Energy Group Inc. | 2.37% | 1,376,051 | $159.3M | Add +3.0% |
| VTR Ventas Inc. | 2.30% | 1,890,027 | $154.6M | Add +2.1% |
| EGP Eastgroup Properties Inc. | 2.18% | 791,418 | $146.5M | Add +11.3% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 2.17% | 5,346,551 | $146.1M | Reduce -24.3% |
| LNG Cheniere Energy Inc. | 2.15% | 509,690 | $144.6M | Reduce -33.0% |
| BRX Brixmor Property Group Inc. | 2.10% | 4,915,727 | $141.6M | Reduce -8.0% |
| ATO Atmos Energy Corp. | 2.08% | 757,953 | $140.0M | Add +43.2% |
| ETR Entergy Corp. | 2.06% | 1,231,965 | $138.4M | Reduce -30.4% |
| FR First Industrial Realty TR | 1.92% | 2,228,576 | $128.9M | Reduce -5.0% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 1.88% | 1,237,915 | $126.4M | Reduce -14.4% |
| PCG P G & E Corp. | 1.78% | 6,835,122 | $120.1M | Reduce -1.6% |
| CEG Constellation Energy | 1.72% | 415,038 | $115.9M | Add +85.7% |
| STAG Stag Industrial Inc. | 1.70% | 3,170,619 | $114.3M | Reduce -12.5% |
| EVRG Evergy Inc. | 1.69% | 1,389,642 | $113.8M | New |
| CUBE Cubesmart | 1.69% | 3,094,291 | $113.4M | Reduce -10.8% |
| CMS CMS Energy Corp. | 1.54% | 1,332,742 | $103.4M | Reduce -10.0% |
| AEP American Electric Power | 1.46% | 751,551 | $98.5M | New |
| REG Regency Centers Corp. | 1.42% | 1,265,357 | $95.7M | Reduce -32.7% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 1.36% | 1,551,526 | $91.8M | Add +122.6% |
| AMH American Homes 4 Rent- A | 1.35% | 3,251,430 | $90.8M | Reduce -33.0% |
| OGE Oge Energy Corp. | 1.29% | 1,815,118 | $87.1M | Reduce -18.1% |
| UDR Udr Inc. | 1.27% | 2,536,006 | $85.7M | Reduce -45.9% |
| TRGP Targa Resources Corp. | 1.25% | 335,913 | $84.2M | Reduce -46.2% |
| O Realty Income Corp. | 1.23% | 1,352,780 | $82.8M | Add +197.1% |
| DLR Digital Realty Trust Inc. | 1.19% | 444,106 | $80.0M | Add +78.6% |
| OHI Omega Healthcare Investors | 1.15% | 1,760,382 | $77.1M | Reduce -20.8% |
| CPT Camden Property Trust | 1.12% | 771,158 | $75.3M | Add +186.6% |
| SO The Southern Co. | 1.07% | 745,127 | $71.9M | Add +303.5% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 1.00% | 536,746 | $67.6M | Add +104.8% |
| EPRT Essential Properties Realty | 0.99% | 2,203,346 | $66.9M | Add +44.9% |
| GLPI Gaming and Leisure Propertie | 0.97% | 1,472,552 | $65.3M | Add +2121.8% |
| AES AES Corp. | 0.92% | 4,399,061 | $62.0M | Reduce -44.1% |
| PSA Public Storage | 0.88% | 219,284 | $59.4M | Reduce -33.6% |
| AHR American Healthcare REIT Inc. | 0.88% | 1,258,041 | $59.3M | Reduce -16.4% |
| CCI Crown Castle Inc. | 0.68% | 562,049 | $45.7M | Reduce -20.8% |
| GTY Getty Realty Corp. | 0.65% | 1,369,988 | $43.6M | Add +70.7% |
| DOC Healthpeak Properties Inc. | 0.62% | 2,543,209 | $41.8M | Reduce -55.4% |
| VNO Vornado Realty Trust | 0.54% | 1,408,289 | $36.6M | Reduce -8.8% |
| SHO Sunstone Hotel Investors Inc. | 0.53% | 3,961,704 | $35.7M | Reduce -9.6% |
| UNP Union Pacific Corp. | 0.49% | 136,000 | $33.0M | Reduce -83.9% |
| CPK Chesapeake Utilities Corp. | 0.48% | 256,816 | $32.5M | Add +27.0% |
| OGS One Gas Inc. | 0.48% | 371,334 | $32.0M | New |
| CWT California Water Service Grp | 0.44% | 647,515 | $29.4M | Reduce -10.4% |
| AWK American Water Works Co. Inc. | 0.41% | 201,190 | $27.4M | Add +838.8% |
| CUZ Cousins Properties Inc. | 0.41% | 1,209,915 | $27.3M | Add +28.6% |
| SKT Tanger Inc. | 0.40% | 789,381 | $26.8M | Reduce -21.8% |
| OKE Oneok Inc. | 0.39% | 292,800 | $26.5M | No change |
| EXR Extra Space Storage Inc. | 0.38% | 194,962 | $25.6M | Reduce -41.0% |
| BXP BXP Inc. | 0.38% | 490,192 | $25.4M | Reduce -21.3% |
| HLT Hilton Worldwide Holdings Inc. | 0.37% | 82,796 | $25.2M | Add +124.0% |
| AVB Avalonbay Communities Inc. | 0.35% | 143,874 | $23.5M | Reduce -13.3% |
| D Dominion Energy Inc. | 0.34% | 369,494 | $22.8M | No change |
| REXR Rexford Industrial Realty Inc. | 0.29% | 605,214 | $19.8M | Add +0.4% |
| FRT Federal Realty Invs Trust | 0.28% | 174,882 | $18.6M | Add +65.4% |
| ELS Equity Lifestyle Properties | 0.27% | 292,716 | $18.3M | Add +664.4% |
| HST Host Hotels & Resorts Inc. | 0.25% | 881,580 | $16.9M | Reduce -59.4% |
| LAMR Lamar Advertising Co. Class A | 0.24% | 125,028 | $15.8M | Add +5.9% |
| MAA Mid-America Apartment Comm | 0.24% | 129,562 | $15.8M | New |
| ESS Essex Property Trust Inc. | 0.22% | 60,685 | $14.7M | Reduce -5.7% |
| CSR Centerspace | 0.20% | 231,462 | $13.3M | Add +353.1% |
| IRT Independence Realty Trust Inc. | 0.19% | 868,848 | $12.9M | Reduce -53.6% |
| JAN Janus Living Inc. Class-A-1 | 0.18% | 527,940 | $12.4M | New |
| BNL Broadstone Net Lease Inc. | 0.18% | 670,318 | $12.2M | Add +476.2% |
| WTRG Essential Utilities Inc. | 0.18% | 301,609 | $12.1M | Reduce -84.7% |
| BIP Brookfield Infrastructure Pa | 0.17% | 310,500 | $11.2M | Reduce -25.6% |
| INVH Invitation Homes Inc. | 0.16% | 435,438 | $10.8M | Reduce -74.7% |
| EPR Epr Properties filed as EPR PPTYS | 0.14% | 186,519 | $9.3M | New |
| XIFR XPLR Infrastructure LP | 0.13% | 794,852 | $8.4M | No change |
| ARE Alexandria Real Estate Equit | 0.12% | 178,107 | $8.3M | No change |
| COLD Americold Realty Trust Inc. | 0.10% | 600,397 | $6.9M | Reduce -20.3% |
| LINE Lineage Inc. | 0.08% | 171,316 | $5.6M | No change |
| NTST Netstreit Corp. | 0.08% | 271,274 | $5.1M | Reduce -46.4% |
| PDM Piedmont Realty Trust Inc. | 0.07% | 762,121 | $5.0M | Reduce -7.0% |
| SBAC SBA Communications Corp. | 0.06% | 24,384 | $4.2M | Reduce -6.4% |
| CURB Curbline Properties Corp. | 0.05% | 139,113 | $3.6M | New |
| ESRT Empire State Realty Trust-A | 0.05% | 687,840 | $3.6M | Reduce -41.0% |
| CDP Copt Defense Properties | 0.05% | 107,503 | $3.3M | Reduce -89.4% |
| NEE Nextera Energy Inc. | 0.04% | 31,592 | $2.9M | Reduce -96.4% |
| LXP LXP Industrial Trust | 0.04% | 51,192 | $2.4M | Reduce -93.1% |
| WY Weyerhaeuser Co. | 0.02% | 60,100 | $1.5M | Reduce -9.3% |
| WMB Williams Cos Inc. | 0.02% | 16,327 | $1.2M | Add +25.4% |
| MAR Marriott International Class A | 0.01% | 2,792 | $913K | Reduce -47.2% |
| AEE Ameren Corporation | 0.01% | 7,279 | $800K | Add +20.0% |
| NSC Norfolk Southern Corp. | 0.01% | 2,368 | $680K | Reduce -16.6% |
| CNP Centerpoint Energy Inc. | 0.00% | 7,389 | $319K | Reduce -99.3% |
| KMI Kinder Morgan Inc. | 0.00% | 6,251 | $210K | New |
Other holdings (2): bonds, preferreds, convertibles and warrants · $17.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 541,950 | $10.5M | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 383,644 | $7.4M | No change |
Total filed on the 13F, all lines: $6.7B.
Portfolio Sells Q4 2025 → Q1 2026
| UNP Union Pacific Corp. | Reduce -83.9% | 0.49% | −2.38 |
| UDR Udr Inc. | Reduce -45.9% | 1.27% | −1.26 |
| NEE Nextera Energy Inc. | Reduce -96.4% | 0.04% | −1.01 |
| AMH American Homes 4 Rent- A | Reduce -33.0% | 1.35% | −0.94 |
| WTRG Essential Utilities Inc. | Reduce -84.7% | 0.18% | −0.93 |
| VICI Vici Properties Inc. | Reduce -24.3% | 2.17% | −0.75 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.74 |
| AES AES Corp. | Reduce -44.1% | 0.92% | −0.74 |
| DOC Healthpeak Properties Inc. | Reduce -55.4% | 0.62% | −0.73 |
| CNP Centerpoint Energy Inc. | Reduce -99.3% | 0.00% | −0.58 |
| INVH Invitation Homes Inc. | Reduce -74.7% | 0.16% | −0.54 |
| LXP LXP Industrial Trust | Reduce -93.1% | 0.04% | −0.51 |
| REG Regency Centers Corp. | Reduce -32.7% | 1.42% | −0.49 |
| TRGP Targa Resources Corp. | Reduce -46.2% | 1.25% | −0.44 |
| PSA Public Storage | Reduce -33.6% | 0.88% | −0.38 |
| CDP Copt Defense Properties | Reduce -89.4% | 0.05% | −0.37 |
| ETR Entergy Corp. | Reduce -30.4% | 2.06% | −0.35 |
| HST Host Hotels & Resorts Inc. | Reduce -59.4% | 0.25% | −0.32 |
| OHI Omega Healthcare Investors | Reduce -20.8% | 1.15% | −0.30 |
| CWEN Clearway Energy Inc. Class C | Sold out | 0.00% | −0.30 |
| VRE Veris Residential Inc. | Sold out | 0.00% | −0.30 |
| CSX CSX Corp. | Sold out | 0.00% | −0.29 |
| IRT Independence Realty Trust Inc. | Reduce -53.6% | 0.19% | −0.29 |
| STAG Stag Industrial Inc. | Reduce -12.5% | 1.70% | −0.26 |
| EXR Extra Space Storage Inc. | Reduce -41.0% | 0.38% | −0.25 |
| CCI Crown Castle Inc. | Reduce -20.8% | 0.68% | −0.25 |
| BXP BXP Inc. | Reduce -21.3% | 0.38% | −0.24 |
| VNO Vornado Realty Trust | Reduce -8.8% | 0.54% | −0.21 |
| SMA Smartstop Self Storage REIT | Sold out | 0.00% | −0.17 |
| SPG Simon Property Group Inc. | Reduce -6.2% | 3.35% | −0.16 |
| AHR American Healthcare REIT Inc. | Reduce -16.4% | 0.88% | −0.16 |
| CUBE Cubesmart | Reduce -10.8% | 1.69% | −0.16 |
| NSA National Storage Affiliates | Sold out | 0.00% | −0.13 |
| PK Park Hotels & Resorts Inc. | Sold out | 0.00% | −0.12 |
| OGE Oge Energy Corp. | Reduce -18.1% | 1.29% | −0.10 |
| SKT Tanger Inc. | Reduce -21.8% | 0.40% | −0.10 |
| AVB Avalonbay Communities Inc. | Reduce -13.3% | 0.35% | −0.09 |
| FR First Industrial Realty TR | Reduce -5.0% | 1.92% | −0.06 |
| ESRT Empire State Realty Trust-A | Reduce -41.0% | 0.05% | −0.06 |
| NTST Netstreit Corp. | Reduce -46.4% | 0.08% | −0.06 |
| BIP Brookfield Infrastructure Pa | Reduce -25.6% | 0.17% | −0.05 |
| SHO Sunstone Hotel Investors Inc. | Reduce -9.6% | 0.53% | −0.05 |
| COLD Americold Realty Trust Inc. | Reduce -20.3% | 0.10% | −0.04 |
| UNIT Uniti Group Inc. | Sold out | 0.00% | −0.04 |
| ESS Essex Property Trust Inc. | Reduce -5.7% | 0.22% | −0.03 |
| LNG Cheniere Energy Inc. | Reduce -33.0% | 2.15% | −0.03 |
| PDM Piedmont Realty Trust Inc. | Reduce -7.0% | 0.07% | −0.03 |
| CWT California Water Service Grp | Reduce -10.4% | 0.44% | −0.02 |
| SBAC SBA Communications Corp. | Reduce -6.4% | 0.06% | −0.01 |
| MAR Marriott International Class A | Reduce -47.2% | 0.01% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| EVRG Evergy Inc. | New | 1.69% | +1.69 |
| AEP American Electric Power | New | 1.46% | +1.46 |
| GLPI Gaming and Leisure Propertie | Add +2121.8% | 0.97% | +0.93 |
| O Realty Income Corp. | Add +197.1% | 1.23% | +0.85 |
| PPL PPL Corp. | Add +33.6% | 2.62% | +0.84 |
| SO The Southern Co. | Add +303.5% | 1.07% | +0.83 |
| AMT American Tower Corp. | Add +40.7% | 2.85% | +0.81 |
| ATO Atmos Energy Corp. | Add +43.2% | 2.08% | +0.77 |
| VMRK Vivmark Residential | Add +122.6% | 1.36% | +0.72 |
| CPT Camden Property Trust | Add +186.6% | 1.12% | +0.68 |
| DLR Digital Realty Trust Inc. | Add +78.6% | 1.19% | +0.62 |
| CEG Constellation Energy | Add +85.7% | 1.72% | +0.56 |
| XEL Xcel Energy Inc. | Add +11.8% | 3.07% | +0.54 |
| SUI Sun Communities Inc. | Add +104.8% | 1.00% | +0.53 |
| OGS One Gas Inc. | New | 0.48% | +0.48 |
| AWK American Water Works Co. Inc. | Add +838.8% | 0.41% | +0.37 |
| PEG Public Service Enterprise GP | Add +13.1% | 2.65% | +0.35 |
| EPRT Essential Properties Realty | Add +44.9% | 0.99% | +0.33 |
| GTY Getty Realty Corp. | Add +70.7% | 0.65% | +0.32 |
| EGP Eastgroup Properties Inc. | Add +11.3% | 2.18% | +0.31 |
| WEC WEC Energy Group Inc. | Add +3.0% | 2.37% | +0.29 |
| PLD Prologis Inc. | Add +1.5% | 4.29% | +0.25 |
| ELS Equity Lifestyle Properties | Add +664.4% | 0.27% | +0.24 |
| MAA Mid-America Apartment Comm | New | 0.24% | +0.24 |
| HLT Hilton Worldwide Holdings Inc. | Add +124.0% | 0.37% | +0.22 |
| VTR Ventas Inc. | Add +2.1% | 2.30% | +0.19 |
| JAN Janus Living Inc. Class-A-1 | New | 0.18% | +0.18 |
| BNL Broadstone Net Lease Inc. | Add +476.2% | 0.18% | +0.15 |
| CSR Centerspace | Add +353.1% | 0.20% | +0.15 |
| EPR Epr Properties | New | 0.14% | +0.14 |
| FRT Federal Realty Invs Trust | Add +65.4% | 0.28% | +0.12 |
| CPK Chesapeake Utilities Corp. | Add +27.0% | 0.48% | +0.11 |
| CURB Curbline Properties Corp. | New | 0.05% | +0.05 |
| CUZ Cousins Properties Inc. | Add +28.6% | 0.41% | +0.05 |
| LAMR Lamar Advertising Co. Class A | Add +5.9% | 0.24% | +0.02 |
| WMB Williams Cos Inc. | Add +25.4% | 0.02% | +0.01 |
| KMI Kinder Morgan Inc. | New | 0.00% | +0.00 |
| AEE Ameren Corporation | Add +20.0% | 0.01% | +0.00 |
| REXR Rexford Industrial Realty Inc. | Add +0.4% | 0.29% | −0.05 |
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 |