Duff & Phelps Investment Management Co.

Name: DUFF & PHELPS INVESTMENT MANAGEMENT CO 13F holdings, Q2 2024
Creator: DUFF & PHELPS INVESTMENT MANAGEMENT CO
Published: 2024-08-15

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 15, 2024), Duff & Phelps Investment Management Co. reported 229 stock positions worth $7.8 billion. Its top holding was Prologis (PLD) at 4.1% of the portfolio, followed by Equinix (EQIX, 3.6%) and Welltower (WELL, 3.2%). Compared with Q1 2024, it opened 15 new positions, sold out of 35, added to 30 and reduced 149. The biggest buy was a new position in Welltower (WELL) and the biggest sale Weyerhaeuser (WY, shares −90%).

Most Recent 13F: Q2 2026
Location: CHICAGO, IL
CIK: 0000765443
Portfolio Value: $7.8B (Q2 2024)
SEC Filing: 0001140361-24-037370 ↗ filed Aug 15, 2024

Holdings Value

Holdings 229 stocks · $7.8B


PLD Prologis Inc.	4.10%	2,864,258	$321.7M	Add +1.2%
EQIX Equinix Inc.	3.56%	369,437	$279.5M	Add +25.9%
WELL Welltower Inc.	3.25%	2,445,827	$255.0M	New
AMT American Tower Corp.	2.44%	986,237	$191.7M	Reduce -0.6%
AVB Avalonbay Communities Inc.	2.17%	823,307	$170.3M	Reduce -4.3%
PSA Public Storage	2.17%	591,360	$170.1M	Reduce -4.2%
DLR Digital Realty Trust Inc.	2.14%	1,104,015	$167.9M	Reduce -1.1%
NEE Nextera Energy Inc.	2.13%	2,356,530	$166.9M	Reduce -6.3%
SPG Simon Property Group Inc.	2.07%	1,068,268	$162.2M	Add +27.3%
VTR Ventas Inc.	2.00%	3,064,525	$157.1M	Reduce -2.5%
SRE Sempra	1.91%	1,969,017	$149.8M	Reduce -4.9%
CNP Centerpoint Energy Inc.	1.88%	4,761,812	$147.5M	Reduce -7.6%
SO The Southern Co.	1.83%	1,854,580	$143.9M	Reduce -1.0%
LNG Cheniere Energy Inc.	1.75%	786,473	$137.5M	Reduce -5.9%
AMH American Homes 4 Rent- A	1.59%	3,353,067	$124.6M	Reduce -1.2%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL	1.48%	1,298,330	$116.4M	Add +45.0%
NI Nisource Inc.	1.48%	4,032,503	$116.2M	Reduce -1.6%
AEE Ameren Corporation	1.43%	1,575,366	$112.0M	Reduce -10.5%
ATO Atmos Energy Corp.	1.37%	921,441	$107.5M	Reduce -9.6%
PEG Public Service Enterprise GP	1.36%	1,443,580	$106.4M	Reduce -7.3%
XEL Xcel Energy Inc.	1.34%	1,976,451	$105.6M	Reduce -9.5%
TRGP Targa Resources Corp.	1.34%	818,524	$105.4M	Reduce -11.4%
LNT Alliant Energy Corp.	1.32%	2,030,300	$103.3M	No change
BRX Brixmor Property Group Inc.	1.31%	4,469,103	$103.2M	Reduce -2.6%
ESS Essex Property Trust Inc.	1.26%	362,210	$98.6M	New
CUBE Cubesmart	1.24%	2,158,135	$97.5M	Reduce -2.9%
DTE DTE Energy Company	1.24%	876,436	$97.3M	Reduce -3.3%
CMS CMS Energy Corp.	1.22%	1,615,109	$96.1M	Reduce -20.0%
WEC WEC Energy Group Inc.	1.22%	1,223,185	$96.0M	Add +5.0%
REXR Rexford Industrial Realty Inc.	1.19%	2,092,663	$93.3M	Reduce -2.5%
CCI Crown Castle Inc.	1.17%	939,827	$91.8M	Reduce -3.0%
WTRG Essential Utilities Inc.	1.16%	2,430,307	$90.7M	Reduce -13.5%
WMB Williams Cos Inc.	1.15%	2,127,609	$90.4M	Reduce -9.3%
ITOT iShares Core S&P Total U.S.	1.15%	757,615	$90.0M	No change
ETR Entergy Corp.	1.10%	808,649	$86.5M	Reduce -1.2%
KIM Kimco Realty Corp.	1.10%	4,428,504	$86.2M	Reduce -1.8%
OKE Oneok Inc.	1.09%	1,052,296	$85.8M	Add +1.0%
EVRG Evergy Inc.	1.06%	1,566,286	$83.0M	Add +14.5%
AWK American Water Works Co. Inc.	1.04%	633,866	$81.9M	Add +0.4%
ET Energy Transfer LP	1.03%	4,998,412	$81.1M	No change
SUI Sun Communities Inc. filed as SUN CMNTYS INC	1.02%	662,967	$79.8M	Reduce -8.3%
MPLX MPLX LP	1.00%	1,842,693	$78.5M	No change
OGE Oge Energy Corp.	0.91%	2,005,300	$71.6M	No change
PBA Pembina Pipeline Corp.	0.87%	1,835,575	$68.1M	Reduce -1.8%
EPD Enterprise Products Partners	0.83%	2,236,842	$64.8M	Reduce -14.4%
XYL Xylem Inc.	0.78%	452,633	$61.4M	Reduce -9.3%
D Dominion Energy Inc.	0.77%	1,238,640	$60.7M	Reduce -7.7%
ES Eversource Energy	0.77%	1,065,914	$60.4M	Add +3.5%
T AT&T Inc.	0.75%	3,095,812	$59.2M	Reduce -2.1%
AEP American Electric Power	0.73%	657,210	$57.7M	Reduce -7.8%
VZ Verizon Communications Inc.	0.71%	1,349,110	$55.6M	Reduce -2.8%
RHP Ryman Hospitality Properties	0.70%	552,346	$55.2M	Add +24.9%
MAA Mid-America Apartment Comm	0.69%	380,830	$54.3M	Reduce -20.2%
O Realty Income Corp.	0.68%	1,009,885	$53.3M	Reduce -62.2%
COLD Americold Realty Trust Inc.	0.67%	2,063,835	$52.7M	Add +0.2%
VNO Vornado Realty Trust	0.66%	1,973,190	$51.9M	Add +45.0%
PPL PPL Corp.	0.65%	1,845,116	$51.0M	No change
PNW Pinnacle West Capital	0.61%	624,930	$47.7M	No change
SR Spire Inc.	0.60%	776,340	$47.1M	No change
PAA Plains All Amer Pipeline LP	0.58%	2,549,900	$45.5M	Reduce -1.5%
BXP BXP Inc. filed as BOSTON PROPERTIES INC	0.56%	713,415	$43.9M	Reduce -1.4%
FE Firstenergy Corp.	0.56%	1,138,500	$43.6M	No change
CMCSA Comcast Corp. Class A	0.55%	1,098,492	$43.0M	Reduce -3.3%
VTI VG Morningstar TS MKT ETF-US	0.53%	156,210	$41.8M	Add +1.1%
TRP TC Energy Corp.	0.50%	1,033,500	$39.2M	Add +16.6%
FTS Fortis Inc.	0.49%	981,900	$38.2M	No change
NJR New Jersey Resources Corp.	0.48%	875,590	$37.4M	No change
DUK Duke Energy Corp.	0.47%	367,245	$36.8M	Add +45.7%
PCG P G & E Corp.	0.47%	2,106,700	$36.8M	No change
OGS One Gas Inc.	0.47%	576,000	$36.8M	No change
TU Telus Corp.	0.45%	2,349,500	$35.6M	No change
EIX Edison International	0.45%	494,197	$35.5M	Add +23.5%
REG Regency Centers Corp.	0.45%	564,861	$35.1M	Reduce -53.5%
ENB Enbridge Inc.	0.45%	982,225	$35.0M	Reduce -26.9%
BCE Bce Inc.	0.44%	1,065,865	$34.5M	No change
KMI Kinder Morgan Inc.	0.43%	1,698,198	$33.7M	No change
PECO Phillips Edison & Company Inc.	0.41%	981,970	$32.1M	New
ECL Ecolab Inc.	0.41%	134,210	$31.9M	Reduce -4.5%
SBRA Sabra Health Care REIT Inc.	0.40%	2,027,410	$31.2M	Reduce -6.8%
TTEK Tetra Tech Inc.	0.38%	146,728	$30.0M	Reduce -13.3%
KEYUF Keyera Corp.	0.36%	1,031,314	$28.6M	No change
CUZ Cousins Properties Inc.	0.36%	1,223,424	$28.3M	Reduce -2.9%
NWN Northwest Natural Holding Co.	0.36%	779,470	$28.1M	No change
PNR Pentair PLC	0.35%	357,719	$27.4M	No change
CNM Core & Main Inc. Class A	0.34%	546,666	$26.8M	Reduce -3.4%
UNP Union Pacific Corp.	0.34%	116,509	$26.4M	Reduce -10.4%
HST Host Hotels & Resorts Inc.	0.33%	1,432,887	$25.8M	Reduce -3.7%
NSC Norfolk Southern Corp.	0.33%	119,767	$25.7M	Add +32.4%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.32%	867,404	$24.8M	Reduce -56.2%
STN Stantec Inc.	0.27%	253,578	$21.2M	Add +8.5%
BKH Black Hills Corp.	0.27%	389,700	$21.2M	No change
GLPI Gaming and Leisure Propertie	0.27%	462,800	$20.9M	Add +1.8%
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI	0.25%	1,465,000	$19.7M	Add +6.5%
VLTO Veralto Corp.	0.25%	205,819	$19.6M	Reduce -7.3%
WMS Advanced Drainage Systems Inc.	0.24%	119,200	$19.1M	No change
INVH Invitation Homes Inc.	0.23%	500,020	$17.9M	Reduce -39.5%
IEX Idex Corp.	0.22%	86,620	$17.4M	Reduce -13.3%
CSX CSX Corp.	0.22%	505,030	$16.9M	Reduce -5.7%
TMO Thermo Fisher Scientific Inc.	0.21%	30,138	$16.7M	Reduce -16.2%
ENLC Enlink Midstream LLC	0.20%	1,143,138	$15.7M	Reduce -31.2%

Show all 229 holdings

Portfolio Sells Q1 2024 → Q2 2024


WY Weyerhaeuser Co.	Reduce -90.1%	0.10%	−2.87
O Realty Income Corp.	Reduce -62.2%	0.68%	−1.05
AIRC Apartment Income REIT Co.	Sold out	0.00%	−1.04
REG Regency Centers Corp.	Reduce -53.5%	0.45%	−0.43
VICI Vici Properties Inc.	Reduce -56.2%	0.32%	−0.39
VEA Vanguard Ftse Developed ETF	Sold out	0.00%	−0.37
IJJ iShares S&P Mid-Cap 400 Valu	Sold out	0.00%	−0.34
ARE Alexandria Real Estate Equit	Reduce -79.6%	0.07%	−0.28
IWN iShares Russell 2000 Value E	Sold out	0.00%	−0.27
CMS CMS Energy Corp.	Reduce -20.0%	1.22%	−0.23
IJK iShares S&P Mid-Cap 400 Grow	Sold out	0.00%	−0.19
IWO iShares Russell 2000 Growth	Sold out	0.00%	−0.15
ENB Enbridge Inc.	Reduce -26.9%	0.45%	−0.14
AEE Ameren Corporation	Reduce -10.5%	1.43%	−0.13
INVH Invitation Homes Inc.	Reduce -39.5%	0.23%	−0.12
META Meta Platforms Inc. Class A	Reduce -79.8%	0.03%	−0.11
AMZN Amazon.com Inc.	Reduce -71.6%	0.05%	−0.11
REXR Rexford Industrial Realty Inc.	Reduce -2.5%	1.19%	−0.10
MSFT Microsoft Corp.	Reduce -57.0%	0.10%	−0.10
SUI Sun Communities Inc.	Reduce -8.3%	1.02%	−0.10
VWO Vanguard Ftse Emerging Marke	Sold out	0.00%	−0.09
NVDA Nvidia Corp.	Reduce -65.9%	0.09%	−0.09
AAPL Apple Inc.	Reduce -62.1%	0.09%	−0.09
WTRG Essential Utilities Inc.	Reduce -13.5%	1.16%	−0.09
EPD Enterprise Products Partners	Reduce -14.4%	0.83%	−0.09
ATO Atmos Energy Corp.	Reduce -9.6%	1.37%	−0.08
ENLC Enlink Midstream LLC	Reduce -31.2%	0.20%	−0.07
IEX Idex Corp.	Reduce -13.3%	0.22%	−0.07
LLY Eli Lilly & Co.	Reduce -80.1%	0.02%	−0.06
JPM JPMorgan Chase & Co.	Reduce -80.1%	0.02%	−0.06
XEL Xcel Energy Inc.	Reduce -9.5%	1.34%	−0.06
MAA Mid-America Apartment Comm	Reduce -20.2%	0.69%	−0.06
AVGO Broadcom Inc.	Reduce -80.1%	0.02%	−0.06
CCI Crown Castle Inc.	Reduce -3.0%	1.17%	−0.06
GOOG Alphabet Inc. Class C	Reduce -75.0%	0.03%	−0.06
GOOGL Alphabet Inc. Class A	Reduce -71.9%	0.03%	−0.06
TSLA Tesla Inc.	Reduce -80.1%	0.02%	−0.05
XOM Exxon Mobil Corp.	Reduce -80.3%	0.01%	−0.05
UNH Unitedhealth Group Inc.	Reduce -80.1%	0.01%	−0.05
V Visa Inc. Class A	Reduce -80.2%	0.01%	−0.05
CNM Core & Main Inc. Class A	Reduce -3.4%	0.34%	−0.05
UNP Union Pacific Corp.	Reduce -10.4%	0.34%	−0.05
ACM Aecom	Reduce -26.4%	0.11%	−0.05
MA Mastercard Inc. Class A	Reduce -80.2%	0.01%	−0.04
HD Home Depot Inc.	Reduce -80.2%	0.01%	−0.04
JNJ Johnson & Johnson	Reduce -80.1%	0.01%	−0.04
CMCSA Comcast Corp. Class A	Reduce -3.3%	0.55%	−0.04
PG The Procter & Gamble Co.	Reduce -80.1%	0.01%	−0.04
HST Host Hotels & Resorts Inc.	Reduce -3.7%	0.33%	−0.04
TMO Thermo Fisher Scientific Inc.	Reduce -16.2%	0.21%	−0.04

Portfolio Buys Q1 2024 → Q2 2024


WELL Welltower Inc.	New	3.25%	+3.25
ESS Essex Property Trust Inc.	New	1.26%	+1.26
EQIX Equinix Inc.	Add +25.9%	3.56%	+0.66
IRM Iron Mountain Inc.	Add +45.0%	1.48%	+0.62
SPG Simon Property Group Inc.	Add +27.3%	2.07%	+0.49
PECO Phillips Edison & Company Inc.	New	0.41%	+0.41
VNO Vornado Realty Trust	Add +45.0%	0.66%	+0.19
EVRG Evergy Inc.	Add +14.5%	1.06%	+0.18
DUK Duke Energy Corp.	Add +45.7%	0.47%	+0.18
DTM DT Midstream Inc.	Add +2658.2%	0.16%	+0.16
AWK American Water Works Co. Inc.	Add +0.4%	1.04%	+0.12
EIX Edison International	Add +23.5%	0.45%	+0.11
OKE Oneok Inc.	Add +1.0%	1.09%	+0.09
RHP Ryman Hospitality Properties	Add +24.9%	0.70%	+0.09
WEC WEC Energy Group Inc.	Add +5.0%	1.22%	+0.08
TRP TC Energy Corp.	Add +16.6%	0.50%	+0.07
COLD Americold Realty Trust Inc.	Add +0.2%	0.67%	+0.06
NSC Norfolk Southern Corp.	Add +32.4%	0.33%	+0.05
VTI VG Morningstar TS MKT ETF-US	Add +1.1%	0.53%	+0.05
MPC Marathon Petroleum Corp.	Add +51.6%	0.17%	+0.05
STN Stantec Inc.	Add +8.5%	0.27%	+0.04
ES Eversource Energy	Add +3.5%	0.77%	+0.03
OMAB Grupo Aeroportuario Cen-ADR	New	0.03%	+0.03
GFL GFL Environmental Inc.-Sub VT	Add +5.7%	0.13%	+0.03
AWR American States Water Co.	New	0.03%	+0.03
CWT California Water Service Grp	New	0.03%	+0.03
MSEX Middlesex Water Co.	New	0.03%	+0.03
GLPI Gaming and Leisure Propertie	Add +1.8%	0.27%	+0.02
SUN Sunoco LP	New	0.01%	+0.01
WTS Watts Water Technologies-A	Add +24.0%	0.08%	+0.01
SPIB SS SPDR P Int C Corp. ETF	Add +1.1%	0.15%	+0.01
HESM Hess Midstream LP Class A	New	0.01%	+0.01
LAMR Lamar Advertising Co. Class A	Add +25.5%	0.04%	+0.01
ED Consolidated Edison Inc.	New	0.01%	+0.01
AGX Argan Inc.	New	0.01%	+0.01
WES Western Midstream Partners L	New	0.01%	+0.01
ADC Agree Realty Corp.	New	0.00%	+0.00
GBNXF Gibson Energy Inc.	Add +80.4%	0.01%	+0.00
NVT Nvent Electric PLC	New	0.00%	+0.00
ARRY Array Technologies Inc.	New	0.00%	+0.00
RUN Sunrun Inc.	Add +4.5%	0.01%	0.00
ENPH Enphase Energy Inc.	Add +12.2%	0.02%	−0.00
NFE New Fortress Energy Inc.	Add +3.9%	0.09%	−0.02
SBS Cia Saneamento Basico DE-ADR	Add +6.5%	0.25%	−0.03
PLD Prologis Inc.	Add +1.2%	4.10%	−0.32

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026Amended	161	$10.6B	WELL, EQIX, PLD, DLR, VTR
Q1 2026Amended	148	$9.6B	WELL, EQIX, PLD, DLR, VTR
Q4 2025	146	$8.8B	WELL, PLD, EQIX, DLR, VTR
Q3 2025	151	$8.8B	WELL, EQIX, PLD, DLR, SRE
Q2 2025	154	$8.5B	WELL, EQIX, PLD, DLR, AMT
Q1 2025	153	$8.5B	WELL, PLD, EQIX, DLR, VTR
Q4 2024	156	$8.4B	EQIX, WELL, PLD, DLR, AVB
Q3 2024	156	$8.7B	EQIX, PLD, WELL, AMT, DLR
Q2 2024	229	$7.8B	PLD, EQIX, WELL, AMT, AVB
Q1 2024	249	$8.4B	PLD, WY, EQIX, AMT, PSA