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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 (2015Q4)
Portfolio Summary: 959 holdings with a total value of $15,120,596,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 SIMON PROPERTY GROUP 7,452,771 1,449,117,000 9.58%
2 EQUITY RESIDENT 12,122,420 989,068,000 6.54%
3 VORNADO RLTY TR 7,161,912 715,904,000 4.73%
4 PUBLIC STORAGE 2,698,707 668,469,000 4.42%
5 WELLTOWER INC 8,174,580 556,117,000 3.68%
6 SL GREEN REALTY CORP 4,504,413 508,909,000 3.37%
7 EQUINIX 1,544,596 467,086,000 3.09%
8 UDR INC 11,682,685 438,918,000 2.90%
9 EXTRA SPACE STORAGE INC 4,791,771 422,682,000 2.80%
10 DDR Corp 24,049,134 404,987,000 2.68%
11 REGENCY CENTERS 5,625,132 383,184,000 2.53%
12 HCP INC 9,467,860 362,051,000 2.39%
13 OMEGA HEALTHCARE INVS INC 10,337,870 361,619,000 2.39%
14 GENERAL GROWTH PPTYS INC NEW 12,825,915 348,993,000 2.31%
15 HOST HOTELS & RESORTS INC COM 22,714,569 348,441,000 2.30%
16 ESSEX PPTY TR INC 1,454,152 348,139,000 2.30%
17 APARTMENT INVT & MGMT CO 8,693,059 347,983,000 2.30%
18 DIGITAL RLTY TR INC 3,585,933 271,168,000 1.79%
19 MACERICH CO 3,249,829 262,229,000 1.73%
20 FEDERAL REALTY INVS 1,781,430 260,267,000 1.72%
21 CUBESMART 8,069,117 247,077,000 1.63%
22 KILROY RLTY CORP COM 3,784,499 239,483,000 1.58%
23 SPIRIT RLTY CAP INC NEW 22,535,502 225,805,000 1.49%
24 PROLOGIS INC 4,829,422 207,279,000 1.37%
25 RETAIL PPTYS AMER INC CL A 13,410,254 198,070,000 1.31%
26 NATIONAL RETAIL PROP 4,930,480 197,465,000 1.31%
27 HEALTHCARE TR AMER INC 6,715,567 181,119,000 1.20%
28 SUN COMMUNITIES INC COM 2,635,732 180,627,000 1.19%
29 REALTY INCOME CORP 3,430,365 177,110,000 1.17%
30 Education Realty Trust Inc 4,018,617 152,225,000 1.01%
31 DOUGLAS EMMETT INC COM 4,748,280 148,051,000 0.98%
32 BRIXMOR PROPERTY 5,497,108 141,936,000 0.94%
33 DCT Industrial Trust Inc 3,632,088 135,731,000 0.90%
34 DIAMONDROCK HOSPITALITY CO COM 12,995,089 125,402,000 0.83%
35 SUNSTONE HOTEL INVESTORS REIT 8,067,932 100,768,000 0.67%
36 TELEFLEX INC 43,541,000 93,223,000 0.62% PRN
37 VERISIGN INC 35,000,000 89,563,000 0.59% PRN
38 APPLE INC 540,736 57,188,000 0.38%
39 MICROSOFT CORP 938,908 52,136,000 0.34%
40 AMAZON COM INC 75,525 51,361,000 0.34%
41 VISA INC 453,260 35,151,000 0.23%
42 Electronic Arts, Inc. 16,060,000 34,718,000 0.23% PRN
43 FACEBOOK INC 327,198 34,438,000 0.23%
44 BRISTOL MYERS SQUIBB CO 456,270 31,387,000 0.21%
45 CISCO SYS INC 1,061,330 28,821,000 0.19%
46 ALPHABET INC 37,855 28,727,000 0.19%
47 WELLS FARGO & CO NEW 524,235 28,499,000 0.19%
48 MID-AM APRTMNT COMM 310,540 28,200,000 0.19%
49 HOME DEPOT INC 213,150 28,190,000 0.19%
50 BANK AMER CORP 1,580,989 26,610,000 0.18%
Page 1 of 20

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001481045-16-000014, filed 2016.02.04).

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.