Centersquare Investment Management LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Centersquare Investment Management LLC reported 75 stock positions worth $9.5 billion. Its top holding was Equinix (EQIX) at 8.5% of the portfolio, followed by Prologis (PLD, 7.1%) and Welltower (WELL, 6.5%). Compared with Q3 2024, it opened 4 new positions, sold out of 21, added to 30 and reduced 37. The biggest buy was Invitation Homes (INVH, shares +43%) and the biggest sale an exit from Retail Opportunity Investmen (ROIC).
- Most Recent 13F
- Q2 2026
- Location
- CONSHOHOCKEN, PA
- CIK
- 0001725296
- Portfolio Value
- $9.5B (Q4 2024)
- SEC Filing
- 0001725296-25-000041 ↗ filed Feb 12, 2025
Holdings Value
Holdings 75 stocks · $9.5B
| EQIX Equinix Inc. | 8.50% | 854,186 | $805.4M | Reduce -7.0% |
| PLD Prologis Inc. | 7.13% | 6,391,033 | $675.5M | Reduce -1.0% |
| WELL Welltower Inc. | 6.51% | 4,894,411 | $616.8M | Reduce -5.3% |
| DLR Digital Realty Trust Inc. | 5.53% | 2,953,058 | $523.7M | Reduce -2.8% |
| INVH Invitation Homes Inc. | 4.35% | 12,898,533 | $412.4M | Add +42.9% |
| VTR Ventas Inc. | 4.25% | 6,832,026 | $402.3M | Reduce -0.8% |
| UDR Udr Inc. | 4.12% | 8,993,217 | $390.4M | Reduce -3.3% |
| EXR Extra Space Storage Inc. | 3.78% | 2,392,766 | $358.0M | Reduce -4.5% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 3.38% | 4,458,033 | $319.9M | Reduce -2.7% |
| CPT Camden Property Trust | 3.09% | 2,522,398 | $292.7M | Add +15.9% |
| SPG Simon Property Group Inc. | 3.01% | 1,655,351 | $285.1M | Reduce -5.9% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 2.50% | 8,119,987 | $237.2M | Add +11.0% |
| BRX Brixmor Property Group Inc. | 2.41% | 8,191,779 | $228.1M | Reduce -1.1% |
| PSA Public Storage | 2.40% | 759,484 | $227.4M | Reduce -9.0% |
| DOC Healthpeak Properties Inc. | 2.40% | 11,215,516 | $227.3M | Add +3.7% |
| O Realty Income Corp. | 2.21% | 3,915,283 | $209.1M | Reduce -17.1% |
| KIM Kimco Realty Corp. | 2.04% | 8,266,971 | $193.7M | Reduce -40.3% |
| HST Host Hotels & Resorts Inc. | 2.04% | 11,052,156 | $193.6M | Add +12.3% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 2.01% | 1,550,228 | $190.6M | Reduce -24.7% |
| BXP BXP Inc. | 1.99% | 2,536,118 | $188.6M | Add +0.2% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 1.89% | 1,706,252 | $179.3M | Reduce -2.3% |
| REXR Rexford Industrial Realty Inc. | 1.83% | 4,492,166 | $173.7M | Add +32.3% |
| CUZ Cousins Properties Inc. | 1.81% | 5,600,905 | $171.6M | Add +11.7% |
| ADC Agree Realty Corp. | 1.63% | 2,197,319 | $154.8M | Reduce -13.4% |
| FR First Industrial Realty TR | 1.41% | 2,674,565 | $134.1M | Reduce -43.3% |
| FRT Federal Realty Invs Trust | 1.23% | 1,042,016 | $116.7M | Add +935.8% |
| NNN NNN REIT Inc. | 1.19% | 2,763,899 | $112.9M | Reduce -5.1% |
| AHR American Healthcare REIT Inc. | 1.14% | 3,799,365 | $108.0M | Reduce -7.3% |
| OHI Omega Healthcare Investors | 1.08% | 2,705,265 | $102.4M | Reduce -10.5% |
| VNO Vornado Realty Trust | 0.87% | 1,963,180 | $82.5M | Add +41.5% |
| CUBE Cubesmart | 0.86% | 1,910,373 | $81.9M | Add +31.9% |
| COLD Americold Realty Trust Inc. | 0.86% | 3,796,662 | $81.2M | Add +13.0% |
| AMT American Tower Corp. | 0.82% | 426,252 | $78.2M | Reduce -11.8% |
| LINE Lineage Inc. | 0.80% | 1,288,601 | $75.5M | Add +8.3% |
| EGP Eastgroup Properties Inc. | 0.78% | 461,533 | $74.1M | Add +24.9% |
| LAMR Lamar Advertising Co. Class A | 0.77% | 603,010 | $73.4M | Add +2.0% |
| KRG Kite Realty Group Trust | 0.68% | 2,551,630 | $64.4M | New |
| BNL Broadstone Net Lease Inc. | 0.67% | 4,011,419 | $63.6M | Add +7.1% |
| KRC Kilroy Realty Corp. | 0.55% | 1,289,841 | $52.2M | Reduce -23.6% |
| ARE Alexandria Real Estate Equit | 0.55% | 531,262 | $51.8M | Reduce -43.4% |
| DRH Diamondrock Hospitality Co. | 0.50% | 5,283,922 | $47.7M | Add +18.8% |
| MAC The Macerich Co. | 0.42% | 2,015,438 | $40.1M | Reduce -11.3% |
| SBAC SBA Communications Corp. | 0.41% | 192,777 | $39.3M | Reduce -14.4% |
| REG Regency Centers Corp. | 0.36% | 461,925 | $34.2M | Add +35.9% |
| ESS Essex Property Trust Inc. | 0.30% | 100,100 | $28.6M | Add +0.1% |
| NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC | 0.29% | 394,433 | $27.3M | Add +35.9% |
| NTST Netstreit Corp. | 0.29% | 1,929,490 | $27.3M | Add +28.6% |
| IVT Inventrust Properties Corp. | 0.28% | 880,633 | $26.5M | Reduce -29.5% |
| AVB Avalonbay Communities Inc. | 0.27% | 115,790 | $25.5M | Reduce -0.2% |
| PEB Pebblebrook Hotel Trust | 0.27% | 1,879,327 | $25.5M | Add +2448.9% |
| DEI Douglas Emmett Inc. | 0.25% | 1,255,020 | $23.3M | Reduce -57.8% |
| MAA Mid-America Apartment Comm | 0.19% | 118,650 | $18.3M | No change |
| AMH American Homes 4 Rent- A | 0.19% | 475,800 | $17.8M | Add +9.9% |
| SHO Sunstone Hotel Investors Inc. | 0.17% | 1,322,042 | $15.7M | New |
| WY Weyerhaeuser Co. | 0.13% | 442,549 | $12.5M | Reduce -24.8% |
| VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP | 0.12% | 442,212 | $11.3M | Add +8.5% |
| ELS Equity Lifestyle Properties | 0.08% | 108,687 | $7.2M | Add +0.6% |
| RHP Ryman Hospitality Properties | 0.07% | 65,780 | $6.9M | Reduce -72.2% |
| CCI Crown Castle Inc. | 0.06% | 59,060 | $5.4M | Reduce -54.8% |
| STAG Stag Industrial Inc. | 0.05% | 145,800 | $4.9M | No change |
| TRNO Terreno Realty Corp. | 0.04% | 61,200 | $3.6M | Reduce -25.7% |
| LXP LXP Industrial Trust | 0.03% | 354,800 | $2.9M | Reduce -82.6% |
| CDP Copt Defense Properties | 0.02% | 71,882 | $2.2M | Add +32.0% |
| DBRG Digitalbridge Group Inc. | 0.02% | 166,000 | $1.9M | Add +9.8% |
| ELME Elme Communities | 0.02% | 109,800 | $1.7M | Add +105.6% |
| FVR Frontview REIT Inc. | 0.02% | 87,590 | $1.6M | New |
| IRT Independence Realty Trust Inc. | 0.02% | 79,000 | $1.6M | Reduce -20.2% |
| CBRE CBRE Group Inc. Class A | 0.02% | 10,900 | $1.4M | Reduce -82.9% |
| CTRE Caretrust REIT Inc. | 0.01% | 49,168 | $1.3M | Reduce -97.1% |
| NEE Nextera Energy Inc. | 0.01% | 13,900 | $996K | No change |
| CSR Centerspace | 0.01% | 14,600 | $966K | No change |
| EPRT Essential Properties Realty | 0.01% | 22,563 | $706K | Add +9.3% |
| FCPT Four Corners Property Trust | 0.01% | 21,666 | $588K | Add +5.5% |
| ESRT Empire State Realty Trust-A | 0.00% | 44,613 | $460K | New |
| JLL Jones Lang Lasalle Inc. | 0.00% | 1,200 | $304K | Reduce -87.7% |
Portfolio Sells Q3 2024 → Q4 2024
| ROIC Retail Opportunity Investmen | Sold out | 0.00% | −1.40 |
| FR First Industrial Realty TR | Reduce -43.3% | 1.41% | −1.06 |
| KIM Kimco Realty Corp. | Reduce -40.3% | 2.04% | −0.97 |
| O Realty Income Corp. | Reduce -17.1% | 2.21% | −0.60 |
| SUI Sun Communities Inc. | Reduce -24.7% | 2.01% | −0.60 |
| PLD Prologis Inc. | Reduce -1.0% | 7.13% | −0.52 |
| ARE Alexandria Real Estate Equit | Reduce -43.4% | 0.55% | −0.50 |
| CTRE Caretrust REIT Inc. | Reduce -97.1% | 0.01% | −0.48 |
| EXR Extra Space Storage Inc. | Reduce -4.5% | 3.78% | −0.46 |
| PSA Public Storage | Reduce -9.0% | 2.40% | −0.45 |
| PECO Phillips Edison & Company Inc. | Sold out | 0.00% | −0.40 |
| APLE Apple Hospitality REIT Inc. | Sold out | 0.00% | −0.36 |
| DEI Douglas Emmett Inc. | Reduce -57.8% | 0.25% | −0.24 |
| AMT American Tower Corp. | Reduce -11.8% | 0.82% | −0.23 |
| RHP Ryman Hospitality Properties | Reduce -72.2% | 0.07% | −0.17 |
| LXP LXP Industrial Trust | Reduce -82.6% | 0.03% | −0.16 |
| ADC Agree Realty Corp. | Reduce -13.4% | 1.63% | −0.16 |
| NNN NNN REIT Inc. | Reduce -5.1% | 1.19% | −0.13 |
| EPR Epr Properties | Sold out | 0.00% | −0.12 |
| XHR Xenia Hotels & Resorts Inc. | Sold out | 0.00% | −0.10 |
| SBAC SBA Communications Corp. | Reduce -14.4% | 0.41% | −0.09 |
| CCI Crown Castle Inc. | Reduce -54.8% | 0.06% | −0.09 |
| OHI Omega Healthcare Investors | Reduce -10.5% | 1.08% | −0.07 |
| KRC Kilroy Realty Corp. | Reduce -23.6% | 0.55% | −0.06 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.06 |
| CBRE CBRE Group Inc. Class A | Reduce -82.9% | 0.02% | −0.06 |
| WY Weyerhaeuser Co. | Reduce -24.8% | 0.13% | −0.06 |
| IRM Iron Mountain Inc. | Reduce -2.3% | 1.89% | −0.06 |
| IVT Inventrust Properties Corp. | Reduce -29.5% | 0.28% | −0.05 |
| JLL Jones Lang Lasalle Inc. | Reduce -87.7% | 0.00% | −0.02 |
| Z Zillow Group Inc. Class C | Sold out | 0.00% | −0.02 |
| TRNO Terreno Realty Corp. | Reduce -25.7% | 0.04% | −0.01 |
| ZG Zillow Group Inc. Class A | Sold out | 0.00% | −0.01 |
| BFS Saul Centers Inc. | Sold out | 0.00% | −0.01 |
| HHH Howard Hughes Holdings Inc. | Sold out | 0.00% | −0.00 |
| COMP Compass Inc. Class A | Sold out | 0.00% | −0.00 |
| NMRK Newmark Group Inc. Class A | Sold out | 0.00% | −0.00 |
| JOE The St Joe Co. | Sold out | 0.00% | −0.00 |
| RDFN Redfin Corp. | Sold out | 0.00% | −0.00 |
| UNIT Uniti Group LLC Com SHS | Sold out | 0.00% | −0.00 |
| IRT Independence Realty Trust Inc. | Reduce -20.2% | 0.02% | −0.00 |
| WPC WP Carey Inc. | Sold out | 0.00% | −0.00 |
| KW Kennedy-Wilson Holdings Inc. | Sold out | 0.00% | −0.00 |
| OPEN Opendoor Technologies Inc. | Sold out | 0.00% | −0.00 |
| AGNT Agnt Inc. | Sold out | 0.00% | −0.00 |
| MMI Marcus & Millichap Inc. | Sold out | 0.00% | −0.00 |
| HOUS Anywhere Real Estate Inc. | Sold out | 0.00% | −0.00 |
| AVB Avalonbay Communities Inc. | Reduce -0.2% | 0.27% | +0.02 |
| MAC The Macerich Co. | Reduce -11.3% | 0.42% | +0.04 |
| VTR Ventas Inc. | Reduce -0.8% | 4.25% | +0.10 |
Portfolio Buys Q3 2024 → Q4 2024
| INVH Invitation Homes Inc. | Add +42.9% | 4.35% | +1.36 |
| FRT Federal Realty Invs Trust | Add +935.8% | 1.23% | +1.12 |
| KRG Kite Realty Group Trust | New | 0.68% | +0.68 |
| CPT Camden Property Trust | Add +15.9% | 3.09% | +0.57 |
| CUZ Cousins Properties Inc. | Add +11.7% | 1.81% | +0.42 |
| HST Host Hotels & Resorts Inc. | Add +12.3% | 2.04% | +0.42 |
| VNO Vornado Realty Trust | Add +41.5% | 0.87% | +0.36 |
| PEB Pebblebrook Hotel Trust | Add +2448.9% | 0.27% | +0.26 |
| REXR Rexford Industrial Realty Inc. | Add +32.3% | 1.83% | +0.23 |
| VICI Vici Properties Inc. | Add +11.0% | 2.50% | +0.22 |
| SHO Sunstone Hotel Investors Inc. | New | 0.17% | +0.17 |
| DRH Diamondrock Hospitality Co. | Add +18.8% | 0.50% | +0.14 |
| EGP Eastgroup Properties Inc. | Add +24.9% | 0.78% | +0.13 |
| CUBE Cubesmart | Add +31.9% | 0.86% | +0.13 |
| REG Regency Centers Corp. | Add +35.9% | 0.36% | +0.13 |
| BXP BXP Inc. | Add +0.2% | 1.99% | +0.08 |
| DOC Healthpeak Properties Inc. | Add +3.7% | 2.40% | +0.08 |
| NHI Natl Health Investors Inc. | Add +35.9% | 0.29% | +0.06 |
| NTST Netstreit Corp. | Add +28.6% | 0.29% | +0.06 |
| LAMR Lamar Advertising Co. Class A | Add +2.0% | 0.77% | +0.03 |
| AMH American Homes 4 Rent- A | Add +9.9% | 0.19% | +0.03 |
| ESS Essex Property Trust Inc. | Add +0.1% | 0.30% | +0.02 |
| FVR Frontview REIT Inc. | New | 0.02% | +0.02 |
| VTMX Corp. Inmobiliaria Vesta-ADR | Add +8.5% | 0.12% | +0.02 |
| ELME Elme Communities | Add +105.6% | 0.02% | +0.01 |
| CDP Copt Defense Properties | Add +32.0% | 0.02% | +0.01 |
| BNL Broadstone Net Lease Inc. | Add +7.1% | 0.67% | +0.01 |
| ESRT Empire State Realty Trust-A | New | 0.00% | +0.00 |
| ELS Equity Lifestyle Properties | Add +0.6% | 0.08% | +0.00 |
| EPRT Essential Properties Realty | Add +9.3% | 0.01% | +0.00 |
| FCPT Four Corners Property Trust | Add +5.5% | 0.01% | +0.00 |
| DBRG Digitalbridge Group Inc. | Add +9.8% | 0.02% | −0.00 |
| COLD Americold Realty Trust Inc. | Add +13.0% | 0.86% | −0.03 |
| LINE Lineage Inc. | Add +8.3% | 0.80% | −0.08 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 80 | $11.7B | WELL, EQIX, PLD, DLR, VTR |
| Q1 2026 | 79 | $9.7B | WELL, PLD, EQIX, DLR, VTR |
| Q4 2025 | 79 | $10.1B | WELL, PLD, EQIX, DLR, VTR |
| Q3 2025 | 78 | $10.0B | WELL, PLD, EQIX, DLR, VTR |
| Q2 2025 | 76 | $9.6B | WELL, EQIX, PLD, DLR, VTR |
| Q1 2025 | 75 | $9.7B | WELL, PLD, EQIX, VTR, DLR |
| Q4 2024 | 75 | $9.5B | EQIX, PLD, WELL, DLR, INVH |
| Q3 2024 | 92 | $10.7B | EQIX, PLD, WELL, DLR, EXR |
| Q2 2024 | 71 | $9.2B | PLD, EQIX, WELL, UDR, DLR |
| Q1 2024 | 72 | $8.7B | PLD, EQIX, WELL, O, UDR |