Resolution Capital Ltd
Long book
$4.76B
Q1 2026
Positions
40
Top-10 weight
79%
concentration
Last quarter
+15.2%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsResolution Capital Ltd is a concentrated fundamental stock-picker, specialised in real_estate (96% of the long book), running a $4.76B US long book across 40 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: WELLTOWER INC, EQUINIX INC, FEDERAL REALTY INVS TRUST, SIMON PROPERTY GROUP INC, DIGITAL REALTY TRUST INC.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 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
+0.6%
Q2 2024
+14.9%
Q3 2024
-3.3%
Q4 2024
-0.3%
Q1 2025
-1.2%
Q2 2025
+4.5%
Q3 2025
-0.8%
Q4 2025
+5.7%
Q1 2026
+15.2%
Sector allocation
Utilities 96%
Industrials 4%
Long book by quarter
What does Resolution Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| HTO H2O AMERICA | Utilities | 482.5K | $28.3M | 0.6% | +105.8% |
| ETR ENTERGY CORP | Utilities | 174.1K | $19.6M | 0.4% | +2.8% |
| KMI KINDER MORGAN INC | Utilities | 543.7K | $18.2M | 0.4% | +6.9% |
| SR SPIRE INC | Utilities | 162.4K | $14.7M | 0.3% | +14.9% |
| BKH BLACK HILLS CORP | Utilities | 171.7K | $11.9M | 0.3% | New |
| LNT ALLIANT ENERGY CORP | Utilities | 149.3K | $10.7M | 0.2% | -24.8% |
| NI NISOURCE INC | Utilities | 221.3K | $10.3M | 0.2% | -17.5% |
| WMB WILLIAMS COS INC | Utilities | 130.8K | $9.5M | 0.2% | +165.9% |
| AEE AMEREN CORPORATION | Utilities | 83.1K | $9.1M | 0.2% | -7.4% |
| OGE OGE ENERGY CORP | Utilities | 176.2K | $8.4M | 0.2% | +475.7% |
| UNP UNION PACIFIC CORP | Industrials | 28.5K | $6.9M | 0.1% | +3.3% |
| XEL XCEL ENERGY INC | Utilities | 81.4K | $6.5M | 0.1% | -5.4% |
| CEG CONSTELLATION ENERGY | Utilities | 20.0K | $5.6M | 0.1% | +182.2% |
| PNW PINNACLE WEST CAPITAL | Utilities | 45.7K | $4.6M | 0.1% | +127.0% |
| CNP CENTERPOINT ENERGY INC | Utilities | 42.1K | $1.8M | 0.0% | New |
| DUK DUKE ENERGY CORP | Utilities | 13.6K | $1.8M | 0.0% | -62.2% |
| PCG P G & E CORP | Utilities | 74.9K | $1.3M | 0.0% | Held |
| SO SOUTHERN CO/THE | Utilities | 11.4K | $1.1M | 0.0% | -80.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 40 | $4.76B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 41 | $4.52B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 38 | $5.14B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 39 | $5.04B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 41 | $5.14B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 43 | $5.56B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 41 | $5.83B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 41 | $5.32B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 42 | $5.59B | canonical | SEC ↗ |
Similar funds
COHEN & STEERS, INC.APG Asset Management US Inc.CENTERSQUARE INVESTMENT MANAGEMENT LLCPartners Value Investments L.P.CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLCLASALLE INVESTMENT MANAGEMENT SECURITIES LLCInvesture, LLCSUN LIFE FINANCIAL INCFAIRHOLME CAPITAL MANAGEMENT LLCRUSH ISLAND MANAGEMENT, LPAdelante Capital Management LLCHeitman Real Estate Securities LLC