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Institutional Investment Manager
Daiwa Securities Group Inc.
Daiwa Securities Group Inc. (CIK: 0001481045), registered under American Depositary Receipts, located at Grantokyo North Tower, 9-1, Tokyo, M0. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q4)
Portfolio Summary: 895 holdings with a total value of $14,167,347,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 PARAMOUNT GROUP INC COM 1,883 35,000 0.00%
52 GLOBAL X FDS 2,800 36,000 0.00%
53 BAIDU INC 160 36,000 0.00%
54 FelCor Lodging Trust Inc 3,500 38,000 0.00%
55 GRUPO AEROPORTUARIO DEL SURE 300 40,000 0.00%
56 ASSOCIATED ESTATES 1,800 42,000 0.00%
57 LTC PPTYS INC COM 1,000 43,000 0.00%
58 ALEXANDERS INC 100 44,000 0.00%
59 HERSHA HOSPITALITY TR 6,200 44,000 0.00%
60 RAMCO-GERSHENSON PPTYS TR 2,400 45,000 0.00%
61 STAG INDL INC 1,900 47,000 0.00%
62 PS BUSINESS PKS INC CALIF 600 48,000 0.00%
63 MACK-CALI REALTY CORP COM 2,500 48,000 0.00%
64 SABRA HEALTH CARE REIT INC 1,600 49,000 0.00%
65 RETAIL OPPORTUNITY INVTS COR 2,900 49,000 0.00%
66 Hudson Pacific Properties Inc 1,700 51,000 0.00%
67 GOVERNMENT PPTYS INCOME TR 2,200 51,000 0.00%
68 New York REIT Inc 5,000 53,000 0.00%
69 GRUPO FINANCIERO SANTANDER MEX SPON ADR SHS B 5,100 53,000 0.00%
70 WASHINGTON REAL ESTATE INVT 2,000 55,000 0.00%
71 POWERSHARES DB CMDTY IDX TRA 3,000 55,000 0.00%
72 GRAMERCY PPTY TR 7,200 58,000 0.00%
73 ISHARES INC 1,500 60,000 0.00%
74 Equity One Inc Com 2,400 61,000 0.00%
75 GLIMCHER RLTY TR 4,600 63,000 0.00%
76 CHESAPEAKE LODGING TRUSTSH BEN INT 1,700 63,000 0.00%
77 EASTGROUP PPTYS INC COM 1,000 63,000 0.00%
78 CREDICORP LTD 400 64,000 0.00%
79 ACADIA RLTY TR COM SH BEN INT 2,041 65,000 0.00%
80 NETSUITE INC 600 66,000 0.00%
81 DUPONT FABROS TECHNOLOGY INC 2,000 66,000 0.00%
82 COBALT INTL ENERGY INC 7,900 70,000 0.00%
83 RYDER SYS INC 750 70,000 0.00%
84 NATIONAL HEALTH INVS INC 1,000 70,000 0.00%
85 QUINTILES IMS HOLDINGS INC 1,200 71,000 0.00%
86 LXP INDUSTRIAL TRUST COM 6,546 72,000 0.00%
87 MEDICAL PPTYS TRUST INC 5,200 72,000 0.00%
88 WESTLAKE CHEM CORP 1,200 73,000 0.00%
89 KITE RLTY GROUP TR 2,525 73,000 0.00%
90 DIAMOND OFFSHR DRILLING 2,000 73,000 0.00%
91 SPRINT CORP 18,179 75,000 0.00%
92 RYMAN HOSPITALITY PPTYS INC 1,500 79,000 0.00%
93 GAMING & LEISURE PPTYS INC 2,700 79,000 0.00%
94 CONTINENTAL RESOURE 2,100 81,000 0.00%
95 Liberty Media Ser A 2,300 81,000 0.00%
96 HEALTHCARE RLTY TR 3,000 82,000 0.00%
97 DENBURY RESOURCES INC 10,200 83,000 0.00%
98 ISHARES 2,880 83,000 0.00%
99 RAYONIER INC 3,000 84,000 0.00%
100 SUPERIOR ENERGY SVCS INC 4,200 85,000 0.00%
Page 2 of 18

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001481045-15-000002, filed 2015.02.13).

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.