Heitman Real Estate Securities LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Heitman Real Estate Securities LLC reported 53 stock positions worth $1.6 billion. Its top holding was Equinix (EQIX) at 8.3% of the portfolio, followed by Prologis (PLD, 7.2%) and Vivmark Residential (VMRK, 6.3%). Compared with Q3 2024, it opened 6 new positions, sold out of 10, added to 16 and reduced 31. The biggest buy was Vivmark Residential (VMRK, shares +228%) and the biggest sale Healthpeak Properties (DOC, shares −85%).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0001080117
- Portfolio Value
- $1.6B (Q4 2024)
- SEC Filing
- 0001140361-25-004606 ↗ filed Feb 14, 2025
Holdings Value
Holdings 53 stocks · $1.6B
| EQIX Equinix Inc. | 8.31% | 136,911 | $129.1M | Reduce -13.4% |
| PLD Prologis Inc. | 7.15% | 1,050,803 | $111.1M | Reduce -11.8% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 6.31% | 1,365,388 | $98.0M | Add +227.7% |
| DLR Digital Realty Trust Inc. | 5.92% | 518,506 | $91.9M | Add +25.8% |
| WELL Welltower Inc. | 5.26% | 648,492 | $81.7M | Add +5.3% |
| VTR Ventas Inc. | 4.22% | 1,114,222 | $65.6M | Add +13.3% |
| SPG Simon Property Group Inc. | 4.20% | 378,964 | $65.3M | Reduce -16.2% |
| CPT Camden Property Trust | 3.89% | 521,008 | $60.5M | Add +16.0% |
| REG Regency Centers Corp. | 3.36% | 705,150 | $52.1M | New |
| ADC Agree Realty Corp. | 3.36% | 739,661 | $52.1M | Reduce -1.4% |
| ELS Equity Lifestyle Properties | 3.34% | 779,274 | $51.9M | Add +20.1% |
| EXR Extra Space Storage Inc. | 2.98% | 309,349 | $46.3M | Reduce -31.9% |
| EPRT Essential Properties Realty | 2.91% | 1,445,088 | $45.2M | Add +26.9% |
| INVH Invitation Homes Inc. | 2.67% | 1,294,973 | $41.4M | New |
| STAG Stag Industrial Inc. | 2.66% | 1,219,568 | $41.2M | Add +14.6% |
| PSA Public Storage | 2.56% | 132,575 | $39.7M | Add +13.1% |
| EGP Eastgroup Properties Inc. | 2.47% | 239,122 | $38.4M | Reduce -6.9% |
| FCPT Four Corners Property Trust | 2.29% | 1,312,923 | $35.6M | Add +54.8% |
| CUZ Cousins Properties Inc. | 2.21% | 1,118,808 | $34.3M | New |
| ARE Alexandria Real Estate Equit | 2.10% | 334,962 | $32.7M | Add +3321.8% |
| VNO Vornado Realty Trust | 2.07% | 763,809 | $32.1M | Reduce -23.2% |
| HST Host Hotels & Resorts Inc. | 2.00% | 1,777,173 | $31.1M | Add +595.0% |
| CUBE Cubesmart | 1.84% | 665,471 | $28.5M | Add +63.5% |
| UE Urban Edge Properties | 1.64% | 1,184,787 | $25.5M | Reduce -27.7% |
| RLJ RLJ Lodging Trust | 1.36% | 2,066,375 | $21.1M | New |
| LTC LTC Properties Inc. filed as LTC PPTYS INC | 1.18% | 529,541 | $18.3M | Add +2067.2% |
| AMT American Tower Corp. | 1.16% | 98,634 | $18.1M | Reduce -57.0% |
| CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW | 1.12% | 885,372 | $17.5M | Reduce -10.5% |
| O Realty Income Corp. | 1.11% | 324,185 | $17.3M | Reduce -17.7% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 1.03% | 151,684 | $15.9M | Reduce -75.1% |
| OUT Outfront Media Inc. | 1.02% | 888,941 | $15.8M | New |
| FVR Frontview REIT Inc. | 0.95% | 814,650 | $14.8M | New |
| ESRT Empire State Realty Trust-A | 0.88% | 1,322,725 | $13.7M | Add +1018.4% |
| KRG Kite Realty Group Trust | 0.82% | 507,017 | $12.8M | Add +7.4% |
| KIM Kimco Realty Corp. | 0.72% | 478,279 | $11.2M | Reduce -4.1% |
| DOC Healthpeak Properties Inc. | 0.59% | 451,657 | $9.2M | Reduce -85.1% |
| ESS Essex Property Trust Inc. | 0.58% | 31,342 | $8.9M | Reduce -57.5% |
| MPT Medical Properties Trust Inc. | 0.48% | 1,891,318 | $7.5M | Reduce -8.0% |
| SBAC SBA Communications Corp. | 0.41% | 31,399 | $6.4M | Reduce -42.2% |
| AHR American Healthcare REIT Inc. | 0.36% | 196,157 | $5.6M | Reduce -21.7% |
| WY Weyerhaeuser Co. | 0.16% | 88,926 | $2.5M | Reduce -19.1% |
| AVB Avalonbay Communities Inc. | 0.10% | 6,982 | $1.5M | Reduce -95.8% |
| SHO Sunstone Hotel Investors Inc. | 0.03% | 35,512 | $420K | Reduce -97.1% |
| PGRE Paramount Group Inc. | 0.02% | 74,202 | $367K | Reduce -69.7% |
| PEB Pebblebrook Hotel Trust | 0.02% | 25,968 | $352K | Reduce -71.0% |
| HR Healthcare Realty Trust Inc. | 0.02% | 20,566 | $349K | Reduce -69.7% |
| TRNO Terreno Realty Corp. | 0.02% | 5,891 | $348K | Reduce -65.2% |
| FRT Federal Realty Invs Trust | 0.02% | 3,083 | $345K | Reduce -71.7% |
| DEI Douglas Emmett Inc. | 0.02% | 18,577 | $345K | Reduce -75.4% |
| AKR Acadia Realty Trust | 0.02% | 13,913 | $336K | Reduce -74.3% |
| REXR Rexford Industrial Realty Inc. | 0.02% | 8,487 | $328K | Reduce -65.2% |
| BXP BXP Inc. | 0.02% | 4,387 | $326K | Reduce -99.2% |
| HUDSON PAC PPTYS INC | 0.02% | 93,418 | $283K | Reduce -59.5% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $467K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 17,147 | $467K | No change |
Total filed on the 13F, all lines: $1.6B.
Portfolio Sells Q3 2024 → Q4 2024
| DOC Healthpeak Properties Inc. | Reduce -85.1% | 0.59% | −3.18 |
| IRM Iron Mountain Inc. | Reduce -75.1% | 1.03% | −2.93 |
| AMH American Homes 4 Rent- A | Sold out | 0.00% | −2.66 |
| UDR Udr Inc. | Sold out | 0.00% | −2.55 |
| BXP BXP Inc. | Reduce -99.2% | 0.02% | −2.44 |
| AVB Avalonbay Communities Inc. | Reduce -95.8% | 0.10% | −1.93 |
| BRX Brixmor Property Group Inc. | Sold out | 0.00% | −1.82 |
| RHP Ryman Hospitality Properties | Sold out | 0.00% | −1.79 |
| AMT American Tower Corp. | Reduce -57.0% | 1.16% | −1.75 |
| CTRE Caretrust REIT Inc. | Sold out | 0.00% | −1.50 |
| EXR Extra Space Storage Inc. | Reduce -31.9% | 2.98% | −1.49 |
| VICI Vici Properties Inc. | Sold out | 0.00% | −1.39 |
| GLPI Gaming and Leisure Propertie | Sold out | 0.00% | −1.26 |
| PLD Prologis Inc. | Reduce -11.8% | 7.15% | −1.05 |
| SHO Sunstone Hotel Investors Inc. | Reduce -97.1% | 0.03% | −0.67 |
| ESS Essex Property Trust Inc. | Reduce -57.5% | 0.58% | −0.61 |
| SLG SL Green Realty Corp. | Sold out | 0.00% | −0.59 |
| PCH Potlatchdeltic Corp. | Sold out | 0.00% | −0.44 |
| SBAC SBA Communications Corp. | Reduce -42.2% | 0.41% | −0.30 |
| UE Urban Edge Properties | Reduce -27.7% | 1.64% | −0.27 |
| O Realty Income Corp. | Reduce -17.7% | 1.11% | −0.25 |
| SAFE Safehold Inc. | Sold out | 0.00% | −0.20 |
| MPT Medical Properties Trust Inc. | Reduce -8.0% | 0.48% | −0.17 |
| EGP Eastgroup Properties Inc. | Reduce -6.9% | 2.47% | −0.15 |
| VNO Vornado Realty Trust | Reduce -23.2% | 2.07% | −0.07 |
| DEI Douglas Emmett Inc. | Reduce -75.4% | 0.02% | −0.05 |
| AKR Acadia Realty Trust | Reduce -74.3% | 0.02% | −0.05 |
| FRT Federal Realty Invs Trust | Reduce -71.7% | 0.02% | −0.05 |
| REXR Rexford Industrial Realty Inc. | Reduce -65.2% | 0.02% | −0.05 |
| HR Healthcare Realty Trust Inc. | Reduce -69.7% | 0.02% | −0.04 |
| PGRE Paramount Group Inc. | Reduce -69.7% | 0.02% | −0.04 |
| HUDSON PAC PPTYS INC | Reduce -59.5% | 0.02% | −0.04 |
| PEB Pebblebrook Hotel Trust | Reduce -71.0% | 0.02% | −0.04 |
| WY Weyerhaeuser Co. | Reduce -19.1% | 0.16% | −0.04 |
| TRNO Terreno Realty Corp. | Reduce -65.2% | 0.02% | −0.04 |
| AHR American Healthcare REIT Inc. | Reduce -21.7% | 0.36% | +0.00 |
| SPG Simon Property Group Inc. | Reduce -16.2% | 4.20% | +0.03 |
| KIM Kimco Realty Corp. | Reduce -4.1% | 0.72% | +0.09 |
| CTO Cto Realty Growth Inc. | Reduce -10.5% | 1.12% | +0.10 |
| ADC Agree Realty Corp. | Reduce -1.4% | 3.36% | +0.27 |
| EQIX Equinix Inc. | Reduce -13.4% | 8.31% | +0.66 |
Portfolio Buys Q3 2024 → Q4 2024
| VMRK Vivmark Residential | Add +227.7% | 6.31% | +4.62 |
| REG Regency Centers Corp. | New | 3.36% | +3.36 |
| INVH Invitation Homes Inc. | New | 2.67% | +2.67 |
| DLR Digital Realty Trust Inc. | Add +25.8% | 5.92% | +2.28 |
| CUZ Cousins Properties Inc. | New | 2.21% | +2.21 |
| ARE Alexandria Real Estate Equit | Add +3321.8% | 2.10% | +2.04 |
| HST Host Hotels & Resorts Inc. | Add +595.0% | 2.00% | +1.76 |
| RLJ RLJ Lodging Trust | New | 1.36% | +1.36 |
| LTC LTC Properties Inc. | Add +2067.2% | 1.18% | +1.13 |
| OUT Outfront Media Inc. | New | 1.02% | +1.02 |
| WELL Welltower Inc. | Add +5.3% | 5.26% | +0.96 |
| FVR Frontview REIT Inc. | New | 0.95% | +0.95 |
| FCPT Four Corners Property Trust | Add +54.8% | 2.29% | +0.94 |
| CPT Camden Property Trust | Add +16.0% | 3.89% | +0.87 |
| ELS Equity Lifestyle Properties | Add +20.1% | 3.34% | +0.82 |
| ESRT Empire State Realty Trust-A | Add +1018.4% | 0.88% | +0.81 |
| EPRT Essential Properties Realty | Add +26.9% | 2.91% | +0.79 |
| VTR Ventas Inc. | Add +13.3% | 4.22% | +0.79 |
| CUBE Cubesmart | Add +63.5% | 1.84% | +0.64 |
| STAG Stag Industrial Inc. | Add +14.6% | 2.66% | +0.39 |
| PSA Public Storage | Add +13.1% | 2.56% | +0.23 |
| KRG Kite Realty Group Trust | Add +7.4% | 0.82% | +0.14 |
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 |