Resolution Capital Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Resolution Capital Ltd reported 41 stock positions worth $4.5 billion. Its top holding was Welltower (WELL) at 14.7% of the portfolio, followed by Equinix (EQIX, 9.5%) and Ventas (VTR, 8.9%). Compared with Q3 2025, it opened 4 new positions, sold out of 1, added to 20 and reduced 17. The biggest buy was Prologis (PLD, shares +19%) and the biggest sale Digital Realty Trust (DLR, shares −32%).
- Most Recent 13F
- Q2 2026
- Location
- Sydney, Nsw, C3
- CIK
- 0001612389
- Portfolio Value
- $4.5B (Q4 2025)
- SEC Filing
- 0001172661-26-000850 ↗ filed Feb 17, 2026
Holdings Value
Holdings 41 stocks · $4.5B
| WELL Welltower Inc. | 14.65% | 3,571,378 | $662.9M | Reduce -15.0% |
| EQIX Equinix Inc. | 9.51% | 561,801 | $430.4M | Reduce -6.5% |
| VTR Ventas Inc. | 8.92% | 5,214,766 | $403.5M | Reduce -20.7% |
| PLD Prologis Inc. | 8.73% | 3,095,169 | $395.1M | Add +19.4% |
| SPG Simon Property Group Inc. | 8.29% | 2,026,432 | $375.1M | Add +36.7% |
| FRT Federal Realty Invs Trust | 7.36% | 3,304,051 | $333.0M | Add +4.5% |
| DLR Digital Realty Trust Inc. | 6.83% | 1,998,863 | $309.2M | Reduce -32.0% |
| EXR Extra Space Storage Inc. | 5.93% | 2,062,003 | $268.5M | Reduce -27.0% |
| VNO Vornado Realty Trust | 4.09% | 5,564,135 | $185.2M | Add +3.4% |
| ESS Essex Property Trust Inc. | 3.96% | 684,979 | $179.2M | Add +7.9% |
| HR Healthcare Realty Trust Inc. | 3.05% | 8,141,866 | $138.0M | Add +27.2% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 2.86% | 2,051,012 | $129.3M | Reduce -35.1% |
| ELS Equity Lifestyle Properties | 2.45% | 1,825,483 | $110.6M | Reduce -19.0% |
| TRNO Terreno Realty Corp. | 1.98% | 1,522,148 | $89.4M | Add +13.4% |
| INVH Invitation Homes Inc. | 1.94% | 3,163,505 | $87.9M | Reduce -44.7% |
| CUZ Cousins Properties Inc. | 1.72% | 3,013,820 | $77.7M | Reduce -34.0% |
| AVB Avalonbay Communities Inc. | 1.16% | 289,587 | $52.5M | New |
| KIM Kimco Realty Corp. | 0.98% | 2,186,279 | $44.3M | Reduce -70.7% |
| UE Urban Edge Properties | 0.96% | 2,263,407 | $43.4M | Reduce -10.2% |
| HST Host Hotels & Resorts Inc. | 0.78% | 1,981,337 | $35.1M | Reduce -26.0% |
| MAC The Macerich Co. | 0.59% | 1,442,271 | $26.6M | New |
| ESRT Empire State Realty Trust-A | 0.40% | 2,759,969 | $18.0M | Reduce -60.4% |
| ETR Entergy Corp. | 0.35% | 169,320 | $15.7M | Add +37.0% |
| KMI Kinder Morgan Inc. | 0.31% | 508,735 | $14.0M | Add +30.1% |
| LNT Alliant Energy Corp. | 0.29% | 198,428 | $12.9M | Add +67.0% |
| SR Spire Inc. | 0.26% | 141,263 | $11.7M | Add +78.6% |
| HTO H2O America | 0.25% | 234,455 | $11.5M | New |
| NI Nisource Inc. | 0.25% | 268,238 | $11.2M | Add +53.3% |
| AEE Ameren Corporation | 0.20% | 89,721 | $9.0M | Add +211.6% |
| UNP Union Pacific Corp. | 0.14% | 27,560 | $6.4M | Add +40.4% |
| XEL Xcel Energy Inc. | 0.14% | 86,010 | $6.4M | Add +37.8% |
| SO The Southern Co. | 0.11% | 59,288 | $5.2M | Reduce -15.2% |
| DUK Duke Energy Corp. | 0.09% | 35,968 | $4.2M | Reduce -55.1% |
| AMT American Tower Corp. | 0.09% | 22,789 | $4.0M | Add +199.2% |
| WEC WEC Energy Group Inc. | 0.09% | 36,636 | $3.9M | Reduce -49.3% |
| PEG Public Service Enterprise GP | 0.08% | 44,944 | $3.6M | Add +48.3% |
| WMB Williams Cos Inc. | 0.07% | 49,184 | $3.0M | Add +41.6% |
| CEG Constellation Energy | 0.06% | 7,102 | $2.5M | Reduce -19.3% |
| PNW Pinnacle West Capital | 0.04% | 20,135 | $1.8M | Add +26.8% |
| OGE Oge Energy Corp. | 0.03% | 30,602 | $1.3M | New |
| PCG P G & E Corp. | 0.03% | 74,890 | $1.2M | Add +37.2% |
Portfolio Sells Q3 2025 → Q4 2025
| DLR Digital Realty Trust Inc. | Reduce -32.0% | 6.83% | −3.05 |
| KIM Kimco Realty Corp. | Reduce -70.7% | 0.98% | −2.19 |
| EXR Extra Space Storage Inc. | Reduce -27.0% | 5.93% | −1.81 |
| INVH Invitation Homes Inc. | Reduce -44.7% | 1.94% | −1.32 |
| VMRK Vivmark Residential | Reduce -35.1% | 2.86% | −1.12 |
| CUZ Cousins Properties Inc. | Reduce -34.0% | 1.72% | −0.85 |
| ESRT Empire State Realty Trust-A | Reduce -60.4% | 0.40% | −0.64 |
| ADC Agree Realty Corp. | Sold out | 0.00% | −0.58 |
| ELS Equity Lifestyle Properties | Reduce -19.0% | 2.45% | −0.22 |
| HST Host Hotels & Resorts Inc. | Reduce -26.0% | 0.78% | −0.11 |
| DUK Duke Energy Corp. | Reduce -55.1% | 0.09% | −0.10 |
| WEC WEC Energy Group Inc. | Reduce -49.3% | 0.09% | −0.08 |
| UE Urban Edge Properties | Reduce -10.2% | 0.96% | −0.04 |
| VTR Ventas Inc. | Reduce -20.7% | 8.92% | −0.03 |
| SO The Southern Co. | Reduce -15.2% | 0.11% | −0.01 |
| CEG Constellation Energy | Reduce -19.3% | 0.06% | −0.00 |
| WELL Welltower Inc. | Reduce -15.0% | 14.65% | +0.08 |
| EQIX Equinix Inc. | Reduce -6.5% | 9.51% | +0.36 |
Portfolio Buys Q3 2025 → Q4 2025
| PLD Prologis Inc. | Add +19.4% | 8.73% | +2.96 |
| SPG Simon Property Group Inc. | Add +36.7% | 8.29% | +2.88 |
| AVB Avalonbay Communities Inc. | New | 1.16% | +1.16 |
| FRT Federal Realty Invs Trust | Add +4.5% | 7.36% | +1.13 |
| HR Healthcare Realty Trust Inc. | Add +27.2% | 3.05% | +0.80 |
| ESS Essex Property Trust Inc. | Add +7.9% | 3.96% | +0.66 |
| MAC The Macerich Co. | New | 0.59% | +0.59 |
| TRNO Terreno Realty Corp. | Add +13.4% | 1.98% | +0.49 |
| HTO H2O America | New | 0.25% | +0.25 |
| AEE Ameren Corporation | Add +211.6% | 0.20% | +0.14 |
| SR Spire Inc. | Add +78.6% | 0.26% | +0.13 |
| LNT Alliant Energy Corp. | Add +67.0% | 0.29% | +0.13 |
| ETR Entergy Corp. | Add +37.0% | 0.35% | +0.12 |
| NI Nisource Inc. | Add +53.3% | 0.25% | +0.10 |
| KMI Kinder Morgan Inc. | Add +30.1% | 0.31% | +0.09 |
| AMT American Tower Corp. | Add +199.2% | 0.09% | +0.06 |
| UNP Union Pacific Corp. | Add +40.4% | 0.14% | +0.05 |
| XEL Xcel Energy Inc. | Add +37.8% | 0.14% | +0.04 |
| PEG Public Service Enterprise GP | Add +48.3% | 0.08% | +0.03 |
| OGE Oge Energy Corp. | New | 0.03% | +0.03 |
| WMB Williams Cos Inc. | Add +41.6% | 0.07% | +0.02 |
| PNW Pinnacle West Capital | Add +26.8% | 0.04% | +0.01 |
| PCG P G & E Corp. | Add +37.2% | 0.03% | +0.01 |
| VNO Vornado Realty Trust | Add +3.4% | 4.09% | −0.15 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 39 | $5.4B | WELL, EQIX, FRT, VNO, VTR |
| Q1 2026 | 40 | $4.8B | WELL, EQIX, FRT, SPG, DLR |
| Q4 2025 | 41 | $4.5B | WELL, EQIX, VTR, PLD, SPG |
| Q3 2025 | 38 | $5.1B | WELL, DLR, EQIX, VTR, EXR |
| Q2 2025 | 39 | $5.0B | WELL, DLR, EQIX, VTR, VMRK |
| Q1 2025 | 41 | $5.1B | WELL, VTR, EQIX, VMRK, KIM |
| Q4 2024 | 43 | $5.6B | WELL, EQIX, DLR, VTR, FRT |
| Q3 2024 | 41 | $5.8B | WELL, EQIX, VTR, DLR, VMRK |
| Q2 2024 | 41 | $5.3B | WELL, EQIX, VMRK, DLR, INVH |
| Q1 2024 | 42 | $5.6B | WELL, EQIX, PLD, VMRK, INVH |