Heitman Real Estate Securities LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Heitman Real Estate Securities LLC reported 57 stock positions worth $1.8 billion. Its top holding was Prologis (PLD) at 8.2% of the portfolio, followed by Equinix (EQIX, 7.7%) and Extra Space Storage (EXR, 4.5%). Compared with Q2 2024, it opened 8 new positions, sold out of 4, added to 20 and reduced 29. The biggest buy was Camden Property Trust (CPT, shares +3156%) and the biggest sale Welltower (WELL, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0001080117
- Portfolio Value
- $1.8B (Q3 2024)
- SEC Filing
- 0001140361-24-046854 ↗ filed Nov 14, 2024
Holdings Value
Holdings 57 stocks · $1.8B
| PLD Prologis Inc. | 8.20% | 1,191,519 | $150.5M | Reduce -6.5% |
| EQIX Equinix Inc. | 7.65% | 158,113 | $140.3M | Add +10.0% |
| EXR Extra Space Storage Inc. | 4.47% | 454,594 | $81.9M | Reduce -2.2% |
| WELL Welltower Inc. | 4.30% | 616,148 | $78.9M | Reduce -40.1% |
| SPG Simon Property Group Inc. | 4.17% | 452,323 | $76.5M | Reduce -5.1% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 3.95% | 610,200 | $72.5M | Reduce -20.3% |
| DOC Healthpeak Properties Inc. | 3.77% | 3,022,208 | $69.1M | Add +33.1% |
| DLR Digital Realty Trust Inc. | 3.64% | 412,286 | $66.7M | Reduce -19.3% |
| VTR Ventas Inc. | 3.44% | 983,350 | $63.1M | Add +12.5% |
| ADC Agree Realty Corp. | 3.08% | 750,308 | $56.5M | Add +32.0% |
| CPT Camden Property Trust | 3.03% | 449,295 | $55.5M | Add +3155.8% |
| AMT American Tower Corp. | 2.91% | 229,657 | $53.4M | Add +66.4% |
| AMH American Homes 4 Rent- A | 2.66% | 1,272,309 | $48.8M | Reduce -21.1% |
| EGP Eastgroup Properties Inc. | 2.62% | 256,923 | $48.0M | Add +5.2% |
| UDR Udr Inc. | 2.55% | 1,032,305 | $46.8M | Reduce -38.8% |
| ELS Equity Lifestyle Properties | 2.52% | 648,847 | $46.3M | Add +29.3% |
| BXP BXP Inc. | 2.46% | 560,842 | $45.1M | Add +2699.2% |
| PSA Public Storage | 2.33% | 117,194 | $42.6M | Add +12.5% |
| STAG Stag Industrial Inc. | 2.27% | 1,063,909 | $41.6M | Add +19.8% |
| VNO Vornado Realty Trust | 2.14% | 994,446 | $39.2M | Add +2021.1% |
| EPRT Essential Properties Realty | 2.12% | 1,138,565 | $38.9M | Add +0.3% |
| AVB Avalonbay Communities Inc. | 2.03% | 165,376 | $37.3M | Reduce -40.2% |
| UE Urban Edge Properties | 1.91% | 1,637,734 | $35.0M | Add +2.1% |
| BRX Brixmor Property Group Inc. | 1.82% | 1,198,672 | $33.4M | Reduce -0.8% |
| RHP Ryman Hospitality Properties | 1.79% | 306,075 | $32.8M | Reduce -33.5% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 1.69% | 416,647 | $31.0M | Add +2193.2% |
| CTRE Caretrust REIT Inc. | 1.50% | 892,207 | $27.5M | New |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 1.39% | 765,000 | $25.5M | Reduce -1.0% |
| O Realty Income Corp. | 1.36% | 393,737 | $25.0M | Reduce -6.2% |
| FCPT Four Corners Property Trust | 1.36% | 848,285 | $24.9M | New |
| GLPI Gaming and Leisure Propertie | 1.26% | 450,297 | $23.2M | New |
| CUBE Cubesmart | 1.19% | 406,988 | $21.9M | Reduce -8.6% |
| ESS Essex Property Trust Inc. | 1.19% | 73,724 | $21.8M | Reduce -32.6% |
| CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW | 1.03% | 989,073 | $18.8M | Add +26.2% |
| SBAC SBA Communications Corp. | 0.71% | 54,354 | $13.1M | Add +38.2% |
| SHO Sunstone Hotel Investors Inc. | 0.70% | 1,238,002 | $12.8M | Add +976.5% |
| KRG Kite Realty Group Trust | 0.68% | 472,013 | $12.5M | Reduce -5.2% |
| MPT Medical Properties Trust Inc. | 0.66% | 2,055,619 | $12.0M | Reduce -16.6% |
| KIM Kimco Realty Corp. | 0.63% | 498,909 | $11.6M | Reduce -5.1% |
| SLG SL Green Realty Corp. | 0.59% | 155,281 | $10.8M | Reduce -72.7% |
| PCH Potlatchdeltic Corp. | 0.44% | 180,981 | $8.2M | New |
| AHR American Healthcare REIT Inc. | 0.36% | 250,526 | $6.5M | New |
| HST Host Hotels & Resorts Inc. | 0.25% | 255,715 | $4.5M | New |
| WY Weyerhaeuser Co. | 0.20% | 109,938 | $3.7M | Add +13.8% |
| SAFE Safehold Inc. | 0.20% | 140,414 | $3.7M | New |
| DEI Douglas Emmett Inc. | 0.07% | 75,497 | $1.3M | Reduce -12.2% |
| ESRT Empire State Realty Trust-A | 0.07% | 118,271 | $1.3M | Reduce -6.6% |
| AKR Acadia Realty Trust | 0.07% | 54,040 | $1.3M | Reduce -20.7% |
| FRT Federal Realty Invs Trust | 0.07% | 10,875 | $1.3M | Reduce -6.5% |
| HR Healthcare Realty Trust Inc. | 0.07% | 67,954 | $1.2M | Reduce -6.6% |
| REXR Rexford Industrial Realty Inc. | 0.07% | 24,366 | $1.2M | Reduce -6.6% |
| PGRE Paramount Group Inc. | 0.07% | 245,170 | $1.2M | Reduce -6.6% |
| PEB Pebblebrook Hotel Trust | 0.06% | 89,527 | $1.2M | Add +4.7% |
| ARE Alexandria Real Estate Equit | 0.06% | 9,789 | $1.2M | Reduce -93.5% |
| TRNO Terreno Realty Corp. | 0.06% | 16,921 | $1.1M | Reduce -6.6% |
| HUDSON PAC PPTYS INC | 0.06% | 230,778 | $1.1M | Reduce -6.6% |
| LTC LTC Properties Inc. filed as LTC PPTYS INC | 0.05% | 24,434 | $896K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $525K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 17,147 | $525K | Reduce -2.0% |
Total filed on the 13F, all lines: $1.8B.
Portfolio Sells Q2 2024 → Q3 2024
| WELL Welltower Inc. | Reduce -40.1% | 4.30% | −2.49 |
| LAMR Lamar Advertising Co. Class A | Sold out | 0.00% | −2.03 |
| CUZ Cousins Properties Inc. | Sold out | 0.00% | −1.85 |
| UDR Udr Inc. | Reduce -38.8% | 2.55% | −1.84 |
| AVB Avalonbay Communities Inc. | Reduce -40.2% | 2.03% | −1.59 |
| SLG SL Green Realty Corp. | Reduce -72.7% | 0.59% | −1.45 |
| NNN NNN REIT Inc. | Sold out | 0.00% | −1.39 |
| DLR Digital Realty Trust Inc. | Reduce -19.3% | 3.64% | −1.28 |
| CSR Centerspace | Sold out | 0.00% | −1.26 |
| AMH American Homes 4 Rent- A | Reduce -21.1% | 2.66% | −1.13 |
| RHP Ryman Hospitality Properties | Reduce -33.5% | 1.79% | −1.12 |
| ARE Alexandria Real Estate Equit | Reduce -93.5% | 0.06% | −1.05 |
| PLD Prologis Inc. | Reduce -6.5% | 8.20% | −0.85 |
| ESS Essex Property Trust Inc. | Reduce -32.6% | 1.19% | −0.70 |
| SPG Simon Property Group Inc. | Reduce -5.1% | 4.17% | −0.41 |
| IRM Iron Mountain Inc. | Reduce -20.3% | 3.95% | −0.39 |
| EXR Extra Space Storage Inc. | Reduce -2.2% | 4.47% | −0.10 |
| CUBE Cubesmart | Reduce -8.6% | 1.19% | −0.08 |
| O Realty Income Corp. | Reduce -6.2% | 1.36% | −0.04 |
| KRG Kite Realty Group Trust | Reduce -5.2% | 0.68% | −0.02 |
| MPT Medical Properties Trust Inc. | Reduce -16.6% | 0.66% | −0.02 |
| KIM Kimco Realty Corp. | Reduce -5.1% | 0.63% | −0.02 |
| HUDSON PAC PPTYS INC | Reduce -6.6% | 0.06% | −0.01 |
| PGRE Paramount Group Inc. | Reduce -6.6% | 0.07% | −0.01 |
| VICI Vici Properties Inc. | Reduce -1.0% | 1.39% | −0.01 |
| HR Healthcare Realty Trust Inc. | Reduce -6.6% | 0.07% | −0.01 |
| AKR Acadia Realty Trust | Reduce -20.7% | 0.07% | −0.01 |
| REXR Rexford Industrial Realty Inc. | Reduce -6.6% | 0.07% | −0.01 |
| FRT Federal Realty Invs Trust | Reduce -6.5% | 0.07% | −0.01 |
| TRNO Terreno Realty Corp. | Reduce -6.6% | 0.06% | −0.01 |
| ESRT Empire State Realty Trust-A | Reduce -6.6% | 0.07% | −0.00 |
| DEI Douglas Emmett Inc. | Reduce -12.2% | 0.07% | −0.00 |
| BRX Brixmor Property Group Inc. | Reduce -0.8% | 1.82% | +0.06 |
Portfolio Buys Q2 2024 → Q3 2024
| CPT Camden Property Trust | Add +3155.8% | 3.03% | +2.93 |
| BXP BXP Inc. | Add +2699.2% | 2.46% | +2.38 |
| VNO Vornado Realty Trust | Add +2021.1% | 2.14% | +2.06 |
| VMRK Vivmark Residential | Add +2193.2% | 1.69% | +1.61 |
| CTRE Caretrust REIT Inc. | New | 1.50% | +1.50 |
| FCPT Four Corners Property Trust | New | 1.36% | +1.36 |
| GLPI Gaming and Leisure Propertie | New | 1.26% | +1.26 |
| AMT American Tower Corp. | Add +66.4% | 2.91% | +1.21 |
| DOC Healthpeak Properties Inc. | Add +33.1% | 3.77% | +0.95 |
| ADC Agree Realty Corp. | Add +32.0% | 3.08% | +0.85 |
| EQIX Equinix Inc. | Add +10.0% | 7.65% | +0.77 |
| SHO Sunstone Hotel Investors Inc. | Add +976.5% | 0.70% | +0.62 |
| VTR Ventas Inc. | Add +12.5% | 3.44% | +0.60 |
| ELS Equity Lifestyle Properties | Add +29.3% | 2.52% | +0.46 |
| PCH Potlatchdeltic Corp. | New | 0.44% | +0.44 |
| PSA Public Storage | Add +12.5% | 2.33% | +0.43 |
| AHR American Healthcare REIT Inc. | New | 0.36% | +0.36 |
| HST Host Hotels & Resorts Inc. | New | 0.25% | +0.25 |
| STAG Stag Industrial Inc. | Add +19.8% | 2.27% | +0.24 |
| SBAC SBA Communications Corp. | Add +38.2% | 0.71% | +0.23 |
| SAFE Safehold Inc. | New | 0.20% | +0.20 |
| CTO Cto Realty Growth Inc. | Add +26.2% | 1.03% | +0.16 |
| EPRT Essential Properties Realty | Add +0.3% | 2.12% | +0.13 |
| LTC LTC Properties Inc. | New | 0.05% | +0.05 |
| UE Urban Edge Properties | Add +2.1% | 1.91% | +0.04 |
| WY Weyerhaeuser Co. | Add +13.8% | 0.20% | +0.03 |
| PEB Pebblebrook Hotel Trust | Add +4.7% | 0.06% | −0.01 |
| EGP Eastgroup Properties Inc. | Add +5.2% | 2.62% | −0.01 |
Notes & Other Activity Q2 2024 → Q3 2024
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | Reduce -2.0% | 17,147 | $525K |
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 |