DUFF & PHELPS INVESTMENT MANAGEMENT CO
Long book
$9.63B
Q1 2026
Positions
148
Top-10 weight
29%
concentration
Last quarter
+6.4%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsDUFF & PHELPS INVESTMENT MANAGEMENT CO is an institutional manager, running a $9.63B US long book across 148 positions.
The portfolio is moderately concentrated (top 10 ≈ 29% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: WELLTOWER INC, EQUINIX INC, PROLOGIS INC, DIGITAL REALTY TRUST INC, VENTAS INC.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.6%
Q2 2024
+15.3%
Q3 2024
-2.7%
Q4 2024
+4.6%
Q1 2025
-0.5%
Q2 2025
+5.1%
Q3 2025
-1.9%
Q4 2025
+9.1%
Q1 2026
+6.4%
Sector allocation
Utilities 82%
Industrials 6%
Energy 5%
Communications 4%
Technology 1%
Other 1%
Consumer discretionary 0%
Services media 0%
Long book by quarter
What does DUFF & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| SRE SEMPRA | Utilities | 2.1M | $202.8M | 2.1% | 0.0% |
| XEL XCEL ENERGY INC | Utilities | 2.4M | $192.6M | 2.0% | +3.1% |
| NEE NEXTERA ENERGY INC | Utilities | 1.9M | $178.5M | 1.9% | -7.1% |
| ETR ENTERGY CORP | Utilities | 1.5M | $172.2M | 1.8% | -3.0% |
| CNP CENTERPOINT ENERGY INC | Utilities | 3.9M | $166.9M | 1.7% | +1.5% |
| NI NISOURCE INC | Utilities | 3.1M | $145.0M | 1.5% | 0.0% |
| WMB WILLIAMS COS INC | Utilities | 1.9M | $140.7M | 1.5% | +3.6% |
| LNT ALLIANT ENERGY CORP | Utilities | 1.9M | $136.2M | 1.4% | 0.0% |
| EVRG EVERGY INC | Utilities | 1.7M | $135.6M | 1.4% | -3.5% |
| TRGP TARGA RESOURCES CORP | Utilities | 509.4K | $127.7M | 1.3% | -2.5% |
| AEE AMEREN CORPORATION | Utilities | 1.2M | $127.5M | 1.3% | -3.7% |
| DUK DUKE ENERGY CORP | Utilities | 897.0K | $117.5M | 1.2% | 0.0% |
| DTE DTE ENERGY COMPANY | Utilities | 792.5K | $115.9M | 1.2% | 0.0% |
| PPL PPL CORP | Utilities | 3.0M | $115.2M | 1.2% | -1.3% |
| WEC WEC ENERGY GROUP INC | Utilities | 981.3K | $113.6M | 1.2% | 0.0% |
| CMS CMS ENERGY CORP | Utilities | 1.5M | $112.8M | 1.2% | Held |
| ATO ATMOS ENERGY CORP | Utilities | 607.9K | $112.3M | 1.2% | -6.8% |
| LNG CHENIERE ENERGY INC | Utilities | 371.0K | $105.3M | 1.1% | -19.8% |
| SO SOUTHERN CO/THE | Utilities | 1.1M | $103.6M | 1.1% | -13.3% |
| TRP TC ENERGY CORP | Utilities | 1.6M | $101.8M | 1.1% | -4.1% |
| OGE OGE ENERGY CORP | Utilities | 2.1M | $100.5M | 1.0% | 0.0% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 762.2K | $99.9M | 1.0% | Held |
| EMA EMERA INC | Utilities | 1.3M | $97.3M | 1.0% | New |
| D DOMINION ENERGY INC | Utilities | 1.6M | $97.2M | 1.0% | +5.3% |
| PEG PUBLIC SERVICE ENTERPRISE GP | Utilities | 1.2M | $95.5M | 1.0% | 0.0% |
| MPLX MPLX LP | Energy | 1.7M | $95.2M | 1.0% | -8.9% |
| OKE ONEOK INC | Utilities | 1.0M | $93.2M | 1.0% | +43.6% |
| T AT&T INC | Communications | 3.1M | $91.0M | 0.9% | Held |
| PCG P G & E CORP | Utilities | 5.1M | $89.2M | 0.9% | -2.5% |
| WTRG ESSENTIAL UTILITIES INC | Utilities | 2.2M | $88.1M | 0.9% | 0.0% |
| SR SPIRE INC | Utilities | 932.6K | $84.4M | 0.9% | -5.2% |
| ET ENERGY TRANSFER LP | Utilities | 4.3M | $83.9M | 0.9% | +15.4% |
| ENB ENBRIDGE INC | Energy | 1.5M | $83.3M | 0.9% | +12.9% |
| FTS FORTIS INC | Utilities | 981.9K | $76.2M | 0.8% | Held |
| AWK AMERICAN WATER WORKS CO INC | Utilities | 552.8K | $75.2M | 0.8% | +23.1% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 1.3M | $67.2M | 0.7% | Held |
| FE FIRSTENERGY CORP | Utilities | 1.3M | $66.1M | 0.7% | Held |
| PNW PINNACLE WEST CAPITAL | Utilities | 624.9K | $63.0M | 0.7% | Held |
| UNP UNION PACIFIC CORP | Industrials | 256.5K | $62.2M | 0.6% | +23.7% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 1.6M | $59.0M | 0.6% | -0.1% |
| DTM DT MIDSTREAM INC | Utilities | 420.2K | $56.6M | 0.6% | +13.9% |
| PBA PEMBINA PIPELINE CORP | Energy | 859.6K | $52.9M | 0.5% | -10.7% |
| KMI KINDER MORGAN INC | Utilities | 1.5M | $50.4M | 0.5% | -38.2% |
| OGS ONE GAS INC | Utilities | 576.0K | $49.6M | 0.5% | Held |
| TU TELUS CORP | Communications | 2.7M | $47.7M | 0.5% | Held |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 424.6K | $46.5M | 0.5% | +14.6% |
| PAA PLAINS ALL AMER PIPELINE LP | Energy | 1.8M | $39.7M | 0.4% | -18.4% |
| CSX CSX CORP | Industrials | 912.2K | $37.4M | 0.4% | +13.3% |
| VLTO VERALTO CORP | Technology | 412.6K | $36.5M | 0.4% | +15.8% |
| XYL XYLEM INC | Industrials | 304.4K | $36.4M | 0.4% | -17.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 28, 2026 | 249 | $9.63B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 146 | $8.82B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 151 | $8.82B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 154 | $8.51B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 153 | $8.54B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 156 | $8.35B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 15, 2024 | 156 | $8.70B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 15, 2024 | 229 | $7.85B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 250 | $8.35B | canonical | SEC ↗ |
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