Heitman Real Estate Securities LLC
Long book
$1.39B
Q1 2026
Positions
57
Top-10 weight
57%
concentration
Last quarter
+14.6%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsHeitman Real Estate Securities LLC is a concentrated fundamental stock-picker, specialised in real_estate (99% of the long book), running a $1.39B US long book across 57 positions.
The portfolio is concentrated: the top 10 names carry 57% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: WELLTOWER INC, EQUINIX INC, PROLOGIS INC, REALTY INCOME CORP, SIMON PROPERTY GROUP INC.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.2%
Q2 2024
+16.5%
Q3 2024
-5.7%
Q4 2024
+0.7%
Q1 2025
-0.4%
Q2 2025
+3.4%
Q3 2025
-1.3%
Q4 2025
+4.6%
Q1 2026
+14.6%
Sector allocation
Real estate 100%
Long book by quarter
What does Heitman Real own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| EPR EPR PROPERTIES | Real estate | 8.1K | $247K | 0.0% | -52.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 57 | $1.39B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 54 | $1.42B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 57 | $1.46B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 56 | $1.41B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 54 | $1.54B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 54 | $1.55B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 58 | $1.83B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 54 | $1.58B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 53 | $1.76B | canonical | SEC ↗ |
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