Heitman Real Estate Securities LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Heitman Real Estate Securities LLC reported 56 stock positions worth $1.4 billion. Its top holding was Welltower (WELL) at 11.6% of the portfolio, followed by Equinix (EQIX, 9.7%) and Prologis (PLD, 9.3%). Compared with Q4 2025, it opened 8 new positions, sold out of 5, added to 22 and reduced 24. The biggest buy was Equinix (EQIX, shares +2%) and the biggest sale an exit from Brixmor Property (BRX).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0001080117
- Portfolio Value
- $1.4B (Q1 2026)
- SEC Filing
- 0001140361-26-021618 ↗ filed May 15, 2026
Holdings Value
Holdings 56 stocks · $1.4B
| WELL Welltower Inc. | 11.60% | 815,770 | $161.3M | Reduce -8.6% |
| EQIX Equinix Inc. | 9.70% | 137,590 | $134.9M | Add +1.7% |
| PLD Prologis Inc. | 9.34% | 982,653 | $129.9M | Reduce -4.1% |
| O Realty Income Corp. | 5.24% | 1,191,070 | $72.9M | Add +60.6% |
| SPG Simon Property Group Inc. | 4.42% | 329,763 | $61.5M | Reduce -8.9% |
| VTR Ventas Inc. | 4.24% | 721,474 | $59.0M | Reduce -18.9% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 3.75% | 882,051 | $52.2M | Add +15.9% |
| DLR Digital Realty Trust Inc. | 3.66% | 282,108 | $50.8M | Add +22.9% |
| EXR Extra Space Storage Inc. | 3.01% | 319,132 | $41.8M | Add +106.6% |
| FR First Industrial Realty TR | 2.47% | 593,292 | $34.3M | Add +14.9% |
| ESS Essex Property Trust Inc. | 2.42% | 139,229 | $33.7M | Add +6.1% |
| NTST Netstreit Corp. | 2.32% | 1,710,978 | $32.2M | Add +22.5% |
| PSA Public Storage | 2.03% | 104,211 | $28.2M | Reduce -39.0% |
| MAA Mid-America Apartment Comm | 1.98% | 225,761 | $27.6M | Reduce -40.8% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 1.91% | 259,594 | $26.5M | Reduce -47.1% |
| DOC Healthpeak Properties Inc. | 1.90% | 1,610,660 | $26.5M | Add +15.2% |
| AKR Acadia Realty Trust | 1.81% | 1,314,130 | $25.1M | Reduce -35.3% |
| DRH Diamondrock Hospitality Co. | 1.80% | 2,674,549 | $25.1M | New |
| STAG Stag Industrial Inc. | 1.78% | 685,313 | $24.7M | Reduce -24.9% |
| CUZ Cousins Properties Inc. | 1.60% | 987,606 | $22.3M | Reduce -12.5% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 1.56% | 172,292 | $21.7M | Add +141.4% |
| MAC The Macerich Co. | 1.54% | 1,135,006 | $21.5M | New |
| CUBE Cubesmart | 1.44% | 546,263 | $20.0M | Reduce -35.0% |
| OHI Omega Healthcare Investors | 1.41% | 447,459 | $19.6M | Reduce -4.2% |
| INVH Invitation Homes Inc. | 1.33% | 744,823 | $18.5M | Reduce -36.2% |
| CURB Curbline Properties Corp. | 1.23% | 661,287 | $17.1M | New |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 1.21% | 618,249 | $16.9M | New |
| FRT Federal Realty Invs Trust | 1.21% | 158,933 | $16.9M | Add +4003.6% |
| JAN Janus Living Inc. Class-A-1 | 1.06% | 623,892 | $14.7M | New |
| OUT Outfront Media Inc. | 1.05% | 553,689 | $14.7M | Reduce -5.1% |
| CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW | 0.99% | 742,696 | $13.7M | Add +4.8% |
| AVB Avalonbay Communities Inc. | 0.94% | 79,983 | $13.1M | Add +20.7% |
| AMT American Tower Corp. | 0.93% | 75,189 | $13.0M | Add +11.7% |
| ADC Agree Realty Corp. | 0.87% | 160,442 | $12.1M | Reduce -54.5% |
| XHR Xenia Hotels & Resorts Inc. | 0.85% | 793,790 | $11.8M | New |
| ELS Equity Lifestyle Properties | 0.83% | 183,844 | $11.5M | Reduce -35.3% |
| SLG SL Green Realty Corp. | 0.80% | 302,833 | $11.2M | Reduce -6.5% |
| COLD Americold Realty Trust Inc. | 0.51% | 616,651 | $7.1M | Reduce -23.0% |
| GLPI Gaming and Leisure Propertie | 0.47% | 148,307 | $6.6M | Reduce -74.5% |
| CCI Crown Castle Inc. | 0.45% | 77,439 | $6.3M | New |
| HIW Highwoods Properties Inc. | 0.45% | 293,803 | $6.3M | Reduce -32.5% |
| WPC WP Carey Inc. | 0.45% | 92,468 | $6.3M | Add +150.0% |
| WY Weyerhaeuser Co. | 0.34% | 192,400 | $4.7M | Add +10.2% |
| UE Urban Edge Properties | 0.32% | 221,395 | $4.4M | New |
| SBAC SBA Communications Corp. | 0.28% | 22,692 | $3.9M | Reduce -56.1% |
| ARE Alexandria Real Estate Equit | 0.21% | 63,483 | $2.9M | Reduce -6.1% |
| PEB Pebblebrook Hotel Trust | 0.03% | 36,494 | $461K | No change |
| VRE Veris Residential Inc. | 0.03% | 23,386 | $441K | Reduce -11.2% |
| SHO Sunstone Hotel Investors Inc. | 0.03% | 47,555 | $428K | Add +16.5% |
| DEI Douglas Emmett Inc. | 0.03% | 43,686 | $412K | Add +27.3% |
| VNO Vornado Realty Trust | 0.03% | 15,783 | $410K | Add +46.9% |
| HR Healthcare Realty Trust Inc. | 0.03% | 23,372 | $397K | Reduce -0.7% |
| TRNO Terreno Realty Corp. | 0.03% | 6,444 | $396K | No change |
| REXR Rexford Industrial Realty Inc. | 0.03% | 11,857 | $388K | Add +15.9% |
| ESRT Empire State Realty Trust-A | 0.03% | 74,134 | $385K | Add +25.3% |
| BXP BXP Inc. | 0.03% | 7,401 | $384K | Add +29.3% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $247K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 8,136 | $247K | Reduce -52.5% |
Total filed on the 13F, all lines: $1.4B.
Portfolio Sells Q4 2025 → Q1 2026
| BRX Brixmor Property Group Inc. | Sold out | 0.00% | −3.41 |
| RHP Ryman Hospitality Properties | Sold out | 0.00% | −2.43 |
| MAA Mid-America Apartment Comm | Reduce -40.8% | 1.98% | −1.74 |
| BNL Broadstone Net Lease Inc. | Sold out | 0.00% | −1.58 |
| GLPI Gaming and Leisure Propertie | Reduce -74.5% | 0.47% | −1.36 |
| AKR Acadia Realty Trust | Reduce -35.3% | 1.81% | −1.13 |
| PSA Public Storage | Reduce -39.0% | 2.03% | −1.09 |
| IRM Iron Mountain Inc. | Reduce -47.1% | 1.91% | −0.96 |
| INVH Invitation Homes Inc. | Reduce -36.2% | 1.33% | −0.95 |
| ADC Agree Realty Corp. | Reduce -54.5% | 0.87% | −0.92 |
| CUBE Cubesmart | Reduce -35.0% | 1.44% | −0.69 |
| VTR Ventas Inc. | Reduce -18.9% | 4.24% | −0.60 |
| STAG Stag Industrial Inc. | Reduce -24.9% | 1.78% | −0.58 |
| PK Park Hotels & Resorts Inc. | Sold out | 0.00% | −0.49 |
| CUZ Cousins Properties Inc. | Reduce -12.5% | 1.60% | −0.44 |
| SBAC SBA Communications Corp. | Reduce -56.1% | 0.28% | −0.42 |
| ELS Equity Lifestyle Properties | Reduce -35.3% | 0.83% | −0.39 |
| HIW Highwoods Properties Inc. | Reduce -32.5% | 0.45% | −0.34 |
| SPG Simon Property Group Inc. | Reduce -8.9% | 4.42% | −0.30 |
| SLG SL Green Realty Corp. | Reduce -6.5% | 0.80% | −0.24 |
| COLD Americold Realty Trust Inc. | Reduce -23.0% | 0.51% | −0.22 |
| FCPT Four Corners Property Trust | Sold out | 0.00% | −0.12 |
| WELL Welltower Inc. | Reduce -8.6% | 11.60% | −0.06 |
| OHI Omega Healthcare Investors | Reduce -4.2% | 1.41% | −0.05 |
| ARE Alexandria Real Estate Equit | Reduce -6.1% | 0.21% | −0.02 |
| HR Healthcare Realty Trust Inc. | Reduce -0.7% | 0.03% | +0.00 |
| VRE Veris Residential Inc. | Reduce -11.2% | 0.03% | +0.00 |
| OUT Outfront Media Inc. | Reduce -5.1% | 1.05% | +0.07 |
| PLD Prologis Inc. | Reduce -4.1% | 9.34% | +0.14 |
Portfolio Buys Q4 2025 → Q1 2026
| EQIX Equinix Inc. | Add +1.7% | 9.70% | +2.41 |
| O Realty Income Corp. | Add +60.6% | 5.24% | +2.30 |
| DRH Diamondrock Hospitality Co. | New | 1.80% | +1.80 |
| EXR Extra Space Storage Inc. | Add +106.6% | 3.01% | +1.59 |
| MAC The Macerich Co. | New | 1.54% | +1.54 |
| CURB Curbline Properties Corp. | New | 1.23% | +1.23 |
| VICI Vici Properties Inc. | New | 1.21% | +1.21 |
| FRT Federal Realty Invs Trust | Add +4003.6% | 1.21% | +1.19 |
| DLR Digital Realty Trust Inc. | Add +22.9% | 3.66% | +1.16 |
| JAN Janus Living Inc. Class-A-1 | New | 1.06% | +1.06 |
| SUI Sun Communities Inc. | Add +141.4% | 1.56% | +0.94 |
| XHR Xenia Hotels & Resorts Inc. | New | 0.85% | +0.85 |
| NTST Netstreit Corp. | Add +22.5% | 2.32% | +0.58 |
| CCI Crown Castle Inc. | New | 0.45% | +0.45 |
| FR First Industrial Realty TR | Add +14.9% | 2.47% | +0.39 |
| VMRK Vivmark Residential | Add +15.9% | 3.75% | +0.38 |
| DOC Healthpeak Properties Inc. | Add +15.2% | 1.90% | +0.32 |
| UE Urban Edge Properties | New | 0.32% | +0.32 |
| WPC WP Carey Inc. | Add +150.0% | 0.45% | +0.28 |
| AMT American Tower Corp. | Add +11.7% | 0.93% | +0.10 |
| AVB Avalonbay Communities Inc. | Add +20.7% | 0.94% | +0.09 |
| CTO Cto Realty Growth Inc. | Add +4.8% | 0.99% | +0.07 |
| WY Weyerhaeuser Co. | Add +10.2% | 0.34% | +0.05 |
| ESS Essex Property Trust Inc. | Add +6.1% | 2.42% | +0.01 |
| SHO Sunstone Hotel Investors Inc. | Add +16.5% | 0.03% | +0.01 |
| VNO Vornado Realty Trust | Add +46.9% | 0.03% | +0.00 |
| DEI Douglas Emmett Inc. | Add +27.3% | 0.03% | +0.00 |
| ESRT Empire State Realty Trust-A | Add +25.3% | 0.03% | +0.00 |
| BXP BXP Inc. | Add +29.3% | 0.03% | +0.00 |
| REXR Rexford Industrial Realty Inc. | Add +15.9% | 0.03% | 0.00 |
Notes & Other Activity Q4 2025 → Q1 2026
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | Reduce -52.5% | 8,136 | $247K |
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 |