Dark
Light
System
Institutional Investment Manager
DUFF & PHELPS INVESTMENT MANAGEMENT CO
DUFF & PHELPS INVESTMENT MANAGEMENT CO (CIK: 0000765443) incorporated in Illinois, located at 10 S. Wacker Dr., Chicago, IL. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q4)
Portfolio Summary: 236 holdings with a total value of $5,959,148,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 VENTAS INC 901,426 50,867,000 0.85%
52 SPECTRA ENERGY CORP 2,084,380 49,900,000 0.84%
53 PARAMOUNT GROUP INC COM 2,657,009 48,092,000 0.81%
54 BRIXMOR PROPERTY 1,861,437 48,062,000 0.81%
55 MPLX LP 1,188,330 46,737,000 0.78%
56 BLACK HILLS CORP 1,000,000 46,430,000 0.78%
57 PEBBLEBROOK HOTEL TR 1,632,621 45,746,000 0.77%
58 WILLIAMS PARTNERS L P NEW 1,629,784 45,389,000 0.76%
59 ENTERPRISE PRODS PARTNERS L 1,719,800 43,992,000 0.74%
60 RLJ LODGING 2,005,800 43,385,000 0.73%
61 CAMDEN PROPERTY TRUS 550,448 42,252,000 0.71%
62 LASALLE HOTEL PPTYS 1,617,946 40,708,000 0.68%
63 NORTHWEST NAT GAS CO 800,000 40,488,000 0.68%
64 NISOURCE 2,002,775 39,074,000 0.66%
65 TRANSCANADA CORP 1,161,648 37,858,000 0.64%
66 AMERICAN CAMPUS CMNTYS INC 905,535 37,435,000 0.63%
67 DUKE REALTY CORP 1,768,235 37,168,000 0.62%
68 QUESTAR CORP 1,900,000 37,012,000 0.62%
69 AMERICAN HOMES 4 RENT CL A 2,158,450 35,960,000 0.60%
70 NUSTAR ENERGY LP 895,716 35,918,000 0.60%
71 COMMUNICATIONS SALES&LEAS IN 1,919,440 35,874,000 0.60%
72 FRONTIER COMM 7,672,491 35,831,000 0.60%
73 COUSINS PROPERTIES INC 3,731,150 35,185,000 0.59%
74 ATMOS ENERGY CORP 547,795 34,533,000 0.58%
75 ISHARES TR 315,560 33,008,000 0.55%
76 PIEDMONT NATURAL GAS 541,870 32,192,000 0.54%
77 VODAFONE GROUP PLC NEW 955,308 30,818,000 0.52%
78 TESORO LOGISTICS LP 596,351 30,008,000 0.50%
79 ENLINK MIDSTREAM PARTNERS LP 1,796,399 29,784,000 0.50%
80 GENESIS ENERGY LP COM UNITS NPV 799,500 29,374,000 0.49%
81 EQUITY LIFESTYLE PPTYS INC 418,459 27,899,000 0.47%
82 MAGELLAN MIDSTREAM PRTNRS LP 401,090 27,242,000 0.46%
83 CUBESMART 864,400 26,468,000 0.44%
84 TALLGRASS ENERGY PARTNERS LP COM UNIT 595,000 24,520,000 0.41%
85 SL GREEN REALTY CORP 216,230 24,430,000 0.41%
86 DCP MIDSTREAM LP 945,184 23,318,000 0.39%
87 Targa Resources Partners LP 1,395,038 23,060,000 0.39%
88 PLAINS ALL AMERN PIPELINE L 993,610 22,952,000 0.39%
89 WESTERN GAS PARTNERS LP 457,400 21,740,000 0.36%
90 VANGUARD INTL EQUITY INDEX F 464,965 20,184,000 0.34%
91 LUMEN TECHNOLOGIES INC 800,000 20,128,000 0.34%
92 VANGUARD TAX-MANAGED FDS 527,590 19,373,000 0.33%
93 EQT MIDSTREAM PARTNERS LP 251,000 18,940,000 0.32%
94 ISHARES TR 203,030 18,853,000 0.32%
95 SUNOCO LOGISTICS PRTNRS L P 732,200 18,818,000 0.32%
96 WINDSTREAM HLDGS INC 2,834,866 18,257,000 0.31%
97 VALERO ENERGY PARTNERS LP 308,640 15,929,000 0.27%
98 GASLOG PARTNERS 1,097,830 15,611,000 0.26%
99 ENERGY TRANSFER L P 1,040,532 14,297,000 0.24%
100 DIGITAL RLTY TR INC 187,200 14,156,000 0.24%
Page 2 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000765443-16-000021, filed 2016.01.11).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.