Heitman Real Estate Securities LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Heitman Real Estate Securities LLC reported 53 stock positions worth $1.6 billion. Its top holding was Prologis (PLD) at 9.1% of the portfolio, followed by Equinix (EQIX, 6.9%) and Welltower (WELL, 6.8%). Compared with Q1 2024, it opened 6 new positions, sold out of 5, added to 18 and reduced 29. The biggest buy was a new position in Udr (UDR) and the biggest sale an exit from Mid-America Apartment Comm (MAA).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0001080117
- Portfolio Value
- $1.6B (Q2 2024)
- SEC Filing
- 0001140361-24-037248 ↗ filed Aug 14, 2024
Holdings Value
Holdings 53 stocks · $1.6B
| PLD Prologis Inc. | 9.05% | 1,273,798 | $143.1M | Reduce -2.5% |
| EQIX Equinix Inc. | 6.88% | 143,751 | $108.8M | Add +6.2% |
| WELL Welltower Inc. | 6.79% | 1,029,567 | $107.3M | Reduce -26.5% |
| DLR Digital Realty Trust Inc. | 4.92% | 510,918 | $77.7M | Add +55.6% |
| SPG Simon Property Group Inc. | 4.58% | 476,764 | $72.4M | Add +0.0% |
| EXR Extra Space Storage Inc. | 4.57% | 464,647 | $72.2M | Reduce -26.2% |
| UDR Udr Inc. | 4.39% | 1,685,470 | $69.4M | New |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 4.34% | 765,561 | $68.6M | Reduce -18.5% |
| AMH American Homes 4 Rent- A | 3.79% | 1,613,021 | $59.9M | Add +15.4% |
| AVB Avalonbay Communities Inc. | 3.62% | 276,664 | $57.2M | Add +67.2% |
| RHP Ryman Hospitality Properties | 2.91% | 460,198 | $46.0M | Add +5.1% |
| VTR Ventas Inc. | 2.83% | 874,050 | $44.8M | Add +200.5% |
| DOC Healthpeak Properties Inc. | 2.82% | 2,271,112 | $44.5M | Reduce -15.4% |
| EGP Eastgroup Properties Inc. | 2.63% | 244,184 | $41.5M | Reduce -16.2% |
| ADC Agree Realty Corp. | 2.23% | 568,308 | $35.2M | Reduce -30.9% |
| ELS Equity Lifestyle Properties | 2.07% | 501,757 | $32.7M | New |
| SLG SL Green Realty Corp. | 2.04% | 569,132 | $32.2M | Add +1.0% |
| LAMR Lamar Advertising Co. Class A | 2.03% | 268,587 | $32.1M | Reduce -8.4% |
| STAG Stag Industrial Inc. | 2.03% | 887,916 | $32.0M | Reduce -33.5% |
| EPRT Essential Properties Realty | 1.99% | 1,134,655 | $31.4M | Reduce -12.8% |
| PSA Public Storage | 1.90% | 104,200 | $30.0M | Reduce -32.1% |
| ESS Essex Property Trust Inc. | 1.88% | 109,363 | $29.8M | Reduce -57.8% |
| UE Urban Edge Properties | 1.87% | 1,603,880 | $29.6M | New |
| CUZ Cousins Properties Inc. | 1.85% | 1,263,164 | $29.2M | Reduce -31.4% |
| BRX Brixmor Property Group Inc. | 1.76% | 1,207,719 | $27.9M | New |
| AMT American Tower Corp. | 1.70% | 138,022 | $26.8M | Add +129.5% |
| O Realty Income Corp. | 1.40% | 419,703 | $22.2M | Reduce -17.7% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 1.40% | 772,910 | $22.1M | Reduce -25.8% |
| NNN NNN REIT Inc. | 1.39% | 514,357 | $21.9M | Reduce -44.3% |
| CUBE Cubesmart | 1.27% | 445,200 | $20.1M | New |
| CSR Centerspace | 1.26% | 293,872 | $19.9M | Add +8.4% |
| ARE Alexandria Real Estate Equit | 1.11% | 150,616 | $17.6M | Add +32.1% |
| CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW | 0.87% | 783,690 | $13.7M | Reduce -13.1% |
| KRG Kite Realty Group Trust | 0.70% | 497,733 | $11.1M | Reduce -74.5% |
| MPT Medical Properties Trust Inc. | 0.67% | 2,465,968 | $10.6M | Add +85.8% |
| KIM Kimco Realty Corp. | 0.65% | 525,655 | $10.2M | Reduce -81.8% |
| SBAC SBA Communications Corp. | 0.49% | 39,320 | $7.7M | Reduce -31.9% |
| WY Weyerhaeuser Co. | 0.17% | 96,574 | $2.7M | Reduce -10.9% |
| CPT Camden Property Trust | 0.10% | 13,800 | $1.5M | New |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.08% | 18,169 | $1.3M | Reduce -81.1% |
| BXP BXP Inc. filed as BOSTON PROPERTIES INC | 0.08% | 20,036 | $1.2M | Add +8.4% |
| VNO Vornado Realty Trust | 0.08% | 46,884 | $1.2M | Reduce -5.7% |
| AKR Acadia Realty Trust | 0.08% | 68,108 | $1.2M | Reduce -5.7% |
| PGRE Paramount Group Inc. | 0.08% | 262,478 | $1.2M | Reduce -5.7% |
| SHO Sunstone Hotel Investors Inc. | 0.08% | 115,001 | $1.2M | Add +6.3% |
| HR Healthcare Realty Trust Inc. | 0.08% | 72,745 | $1.2M | Reduce -19.5% |
| HUDSON PAC PPTYS INC | 0.08% | 247,065 | $1.2M | Add +27.3% |
| ESRT Empire State Realty Trust-A | 0.08% | 126,612 | $1.2M | Add +5.5% |
| PEB Pebblebrook Hotel Trust | 0.07% | 85,494 | $1.2M | Add +11.2% |
| FRT Federal Realty Invs Trust | 0.07% | 11,635 | $1.2M | Reduce -5.7% |
| REXR Rexford Industrial Realty Inc. | 0.07% | 26,088 | $1.2M | Add +9.4% |
| DEI Douglas Emmett Inc. | 0.07% | 86,027 | $1.1M | Reduce -8.8% |
| TRNO Terreno Realty Corp. | 0.07% | 18,114 | $1.1M | Reduce -10.4% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $488K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 17,495 | $488K | Reduce -6.3% |
Total filed on the 13F, all lines: $1.6B.
Portfolio Sells Q1 2024 → Q2 2024
| MAA Mid-America Apartment Comm | Sold out | 0.00% | −3.10 |
| SUI Sun Communities Inc. | Sold out | 0.00% | −2.61 |
| KIM Kimco Realty Corp. | Reduce -81.8% | 0.65% | −2.57 |
| ESS Essex Property Trust Inc. | Reduce -57.8% | 1.88% | −1.73 |
| KRG Kite Realty Group Trust | Reduce -74.5% | 0.70% | −1.71 |
| IRT Independence Realty Trust Inc. | Sold out | 0.00% | −1.25 |
| PK Park Hotels & Resorts Inc. | Sold out | 0.00% | −0.94 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −0.90 |
| STAG Stag Industrial Inc. | Reduce -33.5% | 2.03% | −0.90 |
| NNN NNN REIT Inc. | Reduce -44.3% | 1.39% | −0.86 |
| EXR Extra Space Storage Inc. | Reduce -26.2% | 4.57% | −0.70 |
| CUZ Cousins Properties Inc. | Reduce -31.4% | 1.85% | −0.67 |
| WELL Welltower Inc. | Reduce -26.5% | 6.79% | −0.66 |
| PLD Prologis Inc. | Reduce -2.5% | 9.05% | −0.64 |
| PSA Public Storage | Reduce -32.1% | 1.90% | −0.64 |
| ADC Agree Realty Corp. | Reduce -30.9% | 2.23% | −0.45 |
| VICI Vici Properties Inc. | Reduce -25.8% | 1.40% | −0.37 |
| EGP Eastgroup Properties Inc. | Reduce -16.2% | 2.63% | −0.35 |
| VMRK Vivmark Residential | Reduce -81.1% | 0.08% | −0.27 |
| SBAC SBA Communications Corp. | Reduce -31.9% | 0.49% | −0.22 |
| O Realty Income Corp. | Reduce -17.7% | 1.40% | −0.17 |
| DOC Healthpeak Properties Inc. | Reduce -15.4% | 2.82% | −0.05 |
| WY Weyerhaeuser Co. | Reduce -10.9% | 0.17% | −0.05 |
| TRNO Terreno Realty Corp. | Reduce -10.4% | 0.07% | −0.01 |
| CTO Cto Realty Growth Inc. | Reduce -13.1% | 0.87% | −0.00 |
| VNO Vornado Realty Trust | Reduce -5.7% | 0.08% | −0.00 |
| DEI Douglas Emmett Inc. | Reduce -8.8% | 0.07% | −0.00 |
| FRT Federal Realty Invs Trust | Reduce -5.7% | 0.07% | +0.00 |
| PGRE Paramount Group Inc. | Reduce -5.7% | 0.08% | +0.00 |
| HR Healthcare Realty Trust Inc. | Reduce -19.5% | 0.08% | +0.00 |
| AKR Acadia Realty Trust | Reduce -5.7% | 0.08% | +0.01 |
| EPRT Essential Properties Realty | Reduce -12.8% | 1.99% | +0.01 |
| LAMR Lamar Advertising Co. Class A | Reduce -8.4% | 2.03% | +0.04 |
| IRM Iron Mountain Inc. | Reduce -18.5% | 4.34% | +0.05 |
Portfolio Buys Q1 2024 → Q2 2024
| UDR Udr Inc. | New | 4.39% | +4.39 |
| DLR Digital Realty Trust Inc. | Add +55.6% | 4.92% | +2.22 |
| VTR Ventas Inc. | Add +200.5% | 2.83% | +2.11 |
| ELS Equity Lifestyle Properties | New | 2.07% | +2.07 |
| UE Urban Edge Properties | New | 1.87% | +1.87 |
| AVB Avalonbay Communities Inc. | Add +67.2% | 3.62% | +1.87 |
| BRX Brixmor Property Group Inc. | New | 1.76% | +1.76 |
| CUBE Cubesmart | New | 1.27% | +1.27 |
| AMT American Tower Corp. | Add +129.5% | 1.70% | +1.02 |
| AMH American Homes 4 Rent- A | Add +15.4% | 3.79% | +0.86 |
| EQIX Equinix Inc. | Add +6.2% | 6.88% | +0.52 |
| CSR Centerspace | Add +8.4% | 1.26% | +0.38 |
| SPG Simon Property Group Inc. | Add +0.0% | 4.58% | +0.33 |
| MPT Medical Properties Trust Inc. | Add +85.8% | 0.67% | +0.32 |
| ARE Alexandria Real Estate Equit | Add +32.1% | 1.11% | +0.28 |
| SLG SL Green Realty Corp. | Add +1.0% | 2.04% | +0.27 |
| CPT Camden Property Trust | New | 0.10% | +0.10 |
| RHP Ryman Hospitality Properties | Add +5.1% | 2.91% | +0.03 |
| BXP BXP Inc. | Add +8.4% | 0.08% | +0.01 |
| SHO Sunstone Hotel Investors Inc. | Add +6.3% | 0.08% | +0.01 |
| PEB Pebblebrook Hotel Trust | Add +11.2% | 0.07% | +0.01 |
| ESRT Empire State Realty Trust-A | Add +5.5% | 0.08% | +0.01 |
| REXR Rexford Industrial Realty Inc. | Add +9.4% | 0.07% | +0.01 |
| HUDSON PAC PPTYS INC | Add +27.3% | 0.08% | +0.00 |
Notes & Other Activity Q1 2024 → Q2 2024
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | Reduce -6.3% | 17,495 | $488K |
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 | 56 | $1.6B | WELL, PLD, EQIX, DLR, SPG |
| Q1 2026 | 56 | $1.4B | WELL, EQIX, PLD, O, SPG |
| Q4 2025 | 53 | $1.4B | WELL, PLD, EQIX, VTR, SPG |
| Q3 2025 | 56 | $1.5B | WELL, PLD, EQIX, SPG, DLR |
| Q2 2025 | 55 | $1.4B | WELL, PLD, EQIX, SPG, EXR |
| Q1 2025 | 53 | $1.5B | WELL, PLD, PSA, EQIX, DLR |
| Q4 2024 | 53 | $1.6B | EQIX, PLD, VMRK, DLR, WELL |
| Q3 2024 | 57 | $1.8B | PLD, EQIX, EXR, WELL, SPG |
| Q2 2024 | 53 | $1.6B | PLD, EQIX, WELL, DLR, SPG |
| Q1 2024 | 52 | $1.8B | PLD, WELL, EQIX, EXR, IRM |