AC
Aew Capital Management L P — 13F Portfolio Report & Top Holdings (Q2 2026)
Aew Capital Management L PCIK: 0001046187
Sector-focusedMomentum followerDiversified strategy
Total reported value
$1.7B
Reporting period: 2026-06-30 · Number of holdings: 77
AEW CAPITAL MANAGEMENT L P disclosed 77 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.7B and a quarterly turnover rate of 22.8%.
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Personality snowflake
- Concentration
- 26.44
- Portfolio Stability
- 22.78
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 78
- Sizing Uniformity
- 87.27
Aew Capital Management L P's disclosed holdings carry a Herfindahl concentration index of 0.066 — mathematically equivalent to about 15 equally-sized positions, well below its 77 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.27), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy 09264B107
Trim O
-17.2% -$10.1M
Trim REXR
-98.4% -$12.9M
Add HIW
+7.7% $24.7M
Trim PLD
+8.2% $14.2M
Trim DLR
+8.3% $6.6M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 39 holdings (of 77 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | WELL | Welltower Inc | Stock-Real Estate | 15.65% | +0.39% | +8.46% | |
| 2 | PLD | Prologis Inc | Stock-Real Estate | 8.63% | -0.81% | +8.25% | |
| 3 | EQIX | Equinix Inc | Stock-Real Estate | 7.45% | -0.43% | +8.01% | |
| 4 | AVB | Avalonbay Communities Inc | Stock-Real Estate | 6.37% | +0.14% | +7.60% | |
| 5 | SPG | Simon Property Group Inc | Stock-Real Estate | 5.58% | +0.35% | +8.18% | |
| 6 | ESS | Essex Property Trust Inc | Stock-Real Estate | 5.47% | +0.22% | +4.97% | |
| 7 | CUBE | Cubesmart | Stock-Real Estate | 5.45% | -0.19% | +8.06% | |
| 8 | DLR | Digital Realty Trust Inc | Stock-Real Estate | 5.34% | -0.67% | +8.33% | |
| 9 | BRX | Brixmor Property Group Inc | Stock-Real Estate | 4.50% | -0.12% | +8.03% | |
| 10 | HIW | Highwoods Properties Inc | Stock-Real Estate | 4.33% | +0.87% | +7.70% | |
| 11 | BNL | Broadstone Net Lease Inc | Stock-Real Estate | 4.03% | +0.03% | +8.03% | |
| 12 | VICI | Vici Properties Inc | Stock-Real Estate | 3.80% | -0.59% | +8.15% | |
| 13 | CURB | Curbline Properties CORP | Stock-Other | 3.48% | +0.16% | +7.99% | |
| 14 | O | Realty Income CORP | Stock-Real Estate | 3.13% | -1.40% | -17.20% | |
| 15 | AMH | American Homes 4 Rent- A | Stock-Real Estate | 3.03% | -0.33% | -8.89% | |
| 16 | ✓ | Stock-Other | 2.81% | +2.81% | NEW | ||
| 17 | LXP | Lxp Industrial Trust | Stock-Other | 2.54% | +0.09% | +8.35% | |
| 18 | PSA | Public Storage | Stock-Real Estate | 2.26% | +0.08% | +7.07% | |
| 19 | PEB | Pebblebrook Hotel Trust | Stock-Other | 2.00% | +0.54% | +7.97% | |
| 20 | EQR | Equity Residential | Stock-Real Estate | 0.73% | -0.04% | -0.05% | |
| 21 | INVH | Invitation Homes Inc | Stock-Real Estate | 0.62% | +0.02% | +2.92% | |
| 22 | MAA | Mid-america Apartment Comm | Stock-Real Estate | 0.58% | +0.09% | +25.74% | |
| 23 | SUI | Sun Communities Inc | Stock-Real Estate | 0.56% | -0.05% | +16.35% | |
| 24 | CPT | Camden Property Trust | Stock-Real Estate | 0.39% | +0.04% | +16.36% | |
| 25 | ELS | Equity Lifestyle Properties | Stock-Real Estate | 0.38% | +0.01% | +22.01% | |
| 26 | VTR | Ventas Inc | Stock-Real Estate | 0.32% | +0.02% | +18.00% | |
| 27 | UDR | Udr Inc | Stock-Real Estate | 0.30% | -0.09% | -22.44% | |
| 28 | IRT | Independence Realty Trust In | Stock-Real Estate | 0.08% | -0.19% | -68.73% | |
| 29 | JAN | Janus Living Inc Cl-a-1 | Stock-Other | 0.03% | — | +1.08% | |
| 30 | VNO | Vornado Realty Trust | Stock-Real Estate | 0.03% | +0.01% | +3.12% | |
| 31 | KRC | Kilroy Realty CORP | Stock-Real Estate | 0.03% | +0.02% | +98.39% | |
| 32 | EGP | Eastgroup Properties Inc | Stock-Real Estate | 0.03% | -0.01% | -17.66% | |
| 33 | IRM | Iron Mountain Inc | Stock-Real Estate | 0.02% | +0.02% | NEW | |
| 34 | AMT | American Tower CORP | Stock-Real Estate | 0.02% | -0.01% | -16.39% | |
| 35 | REXR | Rexford Industrial Realty In | Stock-Real Estate | 0.01% | -0.94% | -98.39% | |
| 36 | SKT | Tanger Inc | Stock-Real Estate | 0.01% | +0.01% | +26.85% | |
| 37 | STAG | Stag Industrial Inc | Stock-Real Estate | — | — | +25.77% | |
| 38 | PEB 6.375 PERP EBond | Pebblebrook Hotel Trust | Bond | — | — | -15.91% | |
| 39 | AHR | American Healthcare Reit Inc | Stock-Real Estate | — | — | +20.00% |
Portfolio Performance
Performance for Q3 2026
+5.3%
Performance Last 4 Quarters
+20.6%
- Stdev
- +16.2%
- Beta
- +0.85
- Alpha
- -3.1%
- Max Drawdown
- -9%
- Annualized Perf
- +13.3%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +1.5
- Stutzer
- +0.25
- Treynor
- +0.16
- Sterling
- +0.77
- Calmar
- +1.47
- Information Ratio
- -0.51
- Tracking Error
- +12.2%
- Stdev Down
- +9.2%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +33.9%
- Worst 12 Months
- -1.3%
- Efficiency Ratio
- +0.32
- Sharpe
- +0.85
- Stdev Sectors
- 0%
- Skewness
- -0.03
- Kurtosis
- -0.6
- Upside Potential
- +3.29
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 77 | $1.7B | 23 | ||
| 2026 Q1 | 78 | $1.4B | 45 | ||
| 2025 Q4 | 73 | $1.4B | 34 | ||
| 2025 Q3 | 81 | $1.8B | 46 | ||
| 2025 Q2 | 92 | $1.9B | 0 | ||
| 2025 Q1 | 91 | $2.0B | 100 | ||
| 2024 Q4 | 88 | $2.1B | 0 | ||
| 2024 Q3 | 93 | $2.3B | 0 | ||
| 2024 Q2 | 45 | $2.1B | 0 | ||
| 2024 Q1 | 46 | $2.1B | 0 | ||
| 2023 Q4 | 47 | $2.7B | 0 | ||
| 2023 Q3 | 44 | $2.4B | 0 | ||
| 2023 Q2 | 46 | $2.6B | 0 | ||
| 2023 Q1 | 47 | $2.7B | 0 | ||
| 2022 Q4 | 46 | $2.6B | 0 | ||
| 2022 Q3 | 40 | $2.6B | 0 | ||
| 2022 Q2 | 41 | $2.7B | 0 | ||
| 2022 Q1 | 40 | $3.4B | 0 | ||
| 2021 Q4 | 42 | $3.8B | 0 | ||
| 2021 Q3 | 42 | $3.4B | 0 | ||
| 2021 Q2 | 44 | $3.4B | 92 | ||
| 2021 Q1 | 44 | $2.9B | 21 | ||
| 2020 Q4 | 41 | $2.8B | 23 | ||
| 2020 Q3 | 43 | $2.5B | 38 | ||
| 2020 Q2 | 36 | $2.2B | 41 | ||
| 2020 Q1 | 37 | $2.1B | 49 | ||
| 2019 Q4 | 37 | $3.0B | 55 | ||
| 2019 Q2 | 40 | $3.3B | 14 | ||
| 2019 Q1 | 45 | $3.5B | 15 | ||
| 2018 Q4 | 50 | $3.2B | 23 | ||
| 2018 Q3 | 48 | $3.6B | 15 | ||
| 2018 Q2 | 49 | $3.8B | 12 | ||
| 2018 Q1 | 50 | $3.6B | 36 | ||
| 2017 Q4 | 45 | $3.9B | 13 | ||
| 2017 Q3 | 43 | $4.0B | 13 | ||
| 2017 Q2 | 43 | $4.1B | 11 | ||
| 2017 Q1 | 43 | $4.1B | 8 | ||
| 2016 Q4 | 42 | $4.2B | 16 | ||
| 2016 Q3 | 41 | $4.8B | 11 | ||
| 2016 Q2 | 43 | $5.0B | 12 | ||
| 2016 Q1 | 45 | $4.9B | 7 | ||
| 2015 Q4 | 47 | $4.8B | 25 | ||
| 2015 Q3 | 50 | $4.3B | 18 | ||
| 2015 Q2 | 50 | $4.5B | 14 | ||
| 2015 Q1 | 48 | $5.0B | 8 | ||
| 2014 Q4 | 46 | $4.8B | 21 | ||
| 2014 Q3 | 47 | $4.1B | 16 | ||
| 2014 Q2 | 52 | $4.4B | 12 | ||
| 2014 Q1 | 48 | $4.1B | 12 | ||
| 2013 Q4 | 46 | $3.6B | 10 | ||
| 2013 Q3 | 45 | $3.6B | 12 | ||
| 2013 Q2 | 43 | $3.8B | 0 |
Holding changes this quarter
Aew Capital Management L P's most significant position changes for 2026-06-30: New buy: ; New buy: Iron Mountain Inc (IRM); Sold out: Regency Centers CORP (REG); Sold out: Sila Realty Trust Inc (SILA); Sold out: Lineage Inc (LINE).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +2.8% | NEW | New buy | |
| 2 | HIW | Highwoods Properties Inc | +0.9% | +7.70% | Add |
| 3 | PEB | Pebblebrook Hotel Trust | +0.5% | +7.97% | Add |
| 4 | WELL | Welltower Inc | +0.4% | +8.46% | Add |
| 5 | SPG | Simon Property Group Inc | +0.4% | +8.18% | Add |
| 6 | ESS | Essex Property Trust Inc | +0.2% | +4.97% | Add |
| 7 | CURB | Curbline Properties CORP | +0.2% | +7.99% | Add |
| 8 | AVB | Avalonbay Communities Inc | +0.1% | +7.60% | Add |
| 9 | LXP | Lxp Industrial Trust | +0.1% | +8.35% | Add |
| 10 | MAA | Mid-america Apartment Comm | +0.1% | +25.74% | Add |
| 11 | PSA | Public Storage | +0.1% | +7.07% | Add |
| 12 | CPT | Camden Property Trust | 0% | +16.36% | Add |
| 13 | BNL | Broadstone Net Lease Inc | 0% | +8.03% | Add |
| 14 | INVH | Invitation Homes Inc | 0% | +2.92% | Add |
| 15 | VTR | Ventas Inc | 0% | +18.00% | Add |
| 16 | IRM | Iron Mountain Inc | 0% | NEW | New buy |
| 17 | KRC | Kilroy Realty CORP | 0% | +98.39% | Add |
| 18 | ELS | Equity Lifestyle Properties | 0% | +22.01% | Add |
| 19 | VNO | Vornado Realty Trust | 0% | +3.12% | Add |
| 20 | SKT | Tanger Inc | 0% | +26.85% | Add |
| 21 | JAN | Janus Living Inc Cl-a-1 | — | +1.08% | Add |
| 22 | SILA | Sila Realty Trust Inc | — | EXIT | Sold out |
| 23 | STAG | Stag Industrial Inc | — | +25.77% | Add |
| 24 | LINE | Lineage Inc | — | EXIT | Sold out |
| 25 | PEB 6.375 PERP EBond | Pebblebrook Hotel Trust | — | -15.91% | Trim |
| 26 | AHR | American Healthcare Reit Inc | — | +20.00% | Add |
| 27 | REG | Regency Centers CORP | 0% | EXIT | Sold out |
| 28 | AMT | American Tower CORP | 0% | -16.39% | Trim |
| 29 | EGP | Eastgroup Properties Inc | 0% | -17.66% | Trim |
| 30 | EQR | Equity Residential | 0% | -0.05% | Trim |
| 31 | SUI | Sun Communities Inc | -0.1% | +16.35% | Add |
| 32 | UDR | Udr Inc | -0.1% | -22.44% | Trim |
| 33 | BRX | Brixmor Property Group Inc | -0.1% | +8.03% | Add |
| 34 | CUBE | Cubesmart | -0.2% | +8.06% | Add |
| 35 | IRT | Independence Realty Trust In | -0.2% | -68.73% | Trim |
| 36 | AMH | American Homes 4 Rent- A | -0.3% | -8.89% | Trim |
| 37 | EQIX | Equinix Inc | -0.4% | +8.01% | Add |
| 38 | VICI | Vici Properties Inc | -0.6% | +8.15% | Add |
| 39 | DLR | Digital Realty Trust Inc | -0.7% | +8.33% | Add |
| 40 | PLD | Prologis Inc | -0.8% | +8.25% | Add |
| 41 | REXR | Rexford Industrial Realty In | -0.9% | -98.39% | Trim |
| 42 | O | Realty Income CORP | -1.4% | -17.20% | Trim |
Filing History
FAQ
What is Aew Capital Management L P and what type of investor is it?
Aew Capital Management L P is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $1.7B, spread across 77 disclosed positions.
What are Aew Capital Management L P's largest equity positions?
Based on the latest 13F filing, Aew Capital Management L P's top holdings by market value are:
1. Welltower Inc (WELL) — $261.9M (15.7%)
2. Prologis Inc (PLD) — $144.4M (8.6%)
3. Equinix Inc (EQIX) — $124.7M (7.5%)
4. Avalonbay Communities Inc (AVB) — $106.7M (6.4%)
5. Simon Property Group Inc (SPG) — $93.4M (5.6%)
What changes did Aew Capital Management L P make in its most recent portfolio filing?
In the latest reported quarter, Aew Capital Management L P made 42 notable position adjustments: 2 new positions were initiated, 28 existing holdings were added to, 9 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: ; New buy: Iron Mountain Inc (IRM); Sold out: Regency Centers CORP (REG); Sold out: Sila Realty Trust Inc (SILA); Sold out: Lineage Inc (LINE)
What sectors does Aew Capital Management L P focus on?
Aew Capital Management L P is concentrated in the following sectors based on its current disclosed equity portfolio:
• Real Estate: 100.0%
Investment Profile
Aew Capital Management L P returned an annualized 13.3% over the trailing 36 months — underperforming the S&P 500 by 3.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.85 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 100.0% of the portfolio concentrated in Real Estate.
Its turnover score has risen from 0 to 23 over the past 4 quarters — a shift toward more active trading.
It has added to its CUBE position over the past two quarters (+$90.5M, now $91.2M), while trimming O over the same stretch (-$53.0M, still holding $52.3M).
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Developer Access
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