CI
Cbre Investment Management Listed Real Assets LLC Holdings Report (Q2 2026) — 13F Stock Portfolio
Cbre Investment Management Listed Real Assets LLCCIK: 0001033984
Diversified strategySector-focusedMomentum follower
Total reported value
$7.2B
Reporting period: 2026-06-30 · Number of holdings: 171
CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC disclosed 171 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $7.2B and a quarterly turnover rate of 33.1%.
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Personality snowflake
- Concentration
- 10.78
- Portfolio Stability
- 33.08
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 86.81
Cbre Investment Management Listed Real Assets LLC's disclosed holdings carry a Herfindahl concentration index of 0.027 — mathematically equivalent to about 37 equally-sized positions, well below its 171 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 1.32), 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.govAdd WMB
+10683.3% $129.7M
Trim ETR
-79.4% -$109.2M
Trim SPG
-54.8% -$103.4M
Add AEP
+106.8% $114.2M
Add UDR
+80.6% $97.2M
Trim PEG
-45.5% -$80.8M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 101 holdings (of 171 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | WELL | Welltower Inc | Stock-Real Estate | 8.98% | +0.17% | -5.43% | |
| 2 | EQIX | Equinix Inc | Stock-Real Estate | 6.58% | -1.10% | -14.25% | |
| 3 | PLD | Prologis Inc | Stock-Real Estate | 3.41% | -0.87% | -17.27% | |
| 4 | AMT | American Tower CORP | Stock-Real Estate | 3.32% | +0.48% | +31.39% | |
| 5 | XEL | Xcel Energy Inc | Stock-Utilities | 3.01% | -0.05% | +3.67% | |
| 6 | AEP | American Electric Power | Stock-Utilities | 2.96% | +1.50% | +106.85% | |
| 7 | PPL | Ppl CORP | Stock-Utilities | 2.67% | +0.05% | +14.37% | |
| 8 | UDR | Udr Inc | Stock-Real Estate | 2.55% | +1.28% | +80.64% | |
| 9 | ATO | Atmos Energy CORP | Stock-Utilities | 2.40% | +0.32% | +31.87% | |
| 10 | BRX | Brixmor Property Group Inc | Stock-Real Estate | 2.34% | +0.24% | +8.42% | |
| 11 | EGP | Eastgroup Properties Inc | Stock-Real Estate | 2.31% | +0.14% | +3.53% | |
| 12 | EVRG | Evergy Inc | Stock-Utilities | 2.14% | +0.45% | +27.91% | |
| 13 | EQR | Equity Residential | Stock-Real Estate | 2.04% | +0.68% | +38.92% | |
| 14 | VTR | Ventas Inc | Stock-Real Estate | 2.01% | -0.28% | -13.90% | |
| 15 | SO | Southern Co/the | Stock-Utilities | 1.99% | +0.92% | +100.81% | |
| 16 | IRM | Iron Mountain Inc | Stock-Real Estate | 1.89% | +0.02% | -13.33% | |
| 17 | VICI | Vici Properties Inc | Stock-Real Estate | 1.89% | -0.28% | -4.59% | |
| 18 | CUBE | Cubesmart | Stock-Real Estate | 1.86% | +0.18% | +8.56% | |
| 19 | WMB | Williams Cos Inc | Stock-Energy | 1.82% | +1.80% | +10683.30% | |
| 20 | REG | Regency Centers CORP | Stock-Real Estate | 1.82% | +0.40% | +29.36% | |
| 21 | SPG | Simon Property Group Inc | Stock-Real Estate | 1.70% | -1.64% | -54.82% | |
| 22 | PCG | P G & E CORP | Stock-Utilities | 1.66% | -0.12% | +3.75% | |
| 23 | AMH | American Homes 4 Rent- A | Stock-Real Estate | 1.65% | +0.30% | +8.68% | |
| 24 | WEC | Wec Energy Group Inc | Stock-Utilities | 1.63% | -0.73% | -27.08% | |
| 25 | CEG | Constellation Energy | Stock-Utilities | 1.62% | -0.10% | +12.63% | |
| 26 | FR | First Industrial Realty Tr | Stock-Real Estate | 1.43% | -0.48% | -24.62% | |
| 27 | STAG | Stag Industrial Inc | Stock-Real Estate | 1.40% | -0.29% | -16.72% | |
| 28 | PEG | Public Service Enterprise Gp | Stock-Utilities | 1.36% | -1.28% | -45.49% | |
| 29 | SUI | Sun Communities Inc | Stock-Real Estate | 1.28% | +0.28% | +43.06% | |
| 30 | OGE | Oge Energy CORP | Stock-Utilities | 1.22% | -0.07% | -1.16% | |
| 31 | EPRT | Essential Properties Realty | Stock-Real Estate | 1.18% | +0.19% | +29.00% | |
| 32 | AHR | American Healthcare Reit Inc | Stock-Real Estate | 1.17% | +0.29% | +28.30% | |
| 33 | CPT | Camden Property Trust | Stock-Real Estate | 1.17% | +0.05% | -4.89% | |
| 34 | TRGP | Targa Resources CORP | Stock-Energy | 1.17% | -0.08% | -6.81% | |
| 35 | RHP | Ryman Hospitality Properties | Stock-Real Estate | 1.12% | +1.12% | NEW | |
| 36 | OKE | Oneok Inc | Stock-Energy | 1.08% | +0.69% | +203.67% | |
| 37 | LNG | Cheniere Energy Inc | Stock-Energy | 0.95% | -1.19% | -44.14% | |
| 38 | GLPI | Gaming And Leisure Propertie | Stock-Real Estate | 0.90% | -0.07% | -1.61% | |
| 39 | DLR | Digital Realty Trust Inc | Stock-Real Estate | 0.79% | -0.40% | -29.05% | |
| 40 | UNP | Union Pacific CORP | Stock-Industrials | 0.76% | +0.27% | +48.42% | |
| 41 | CUZ | Cousins Properties Inc | Stock-Real Estate | 0.68% | +0.28% | +35.23% | |
| 42 | VNO | Vornado Realty Trust | Stock-Real Estate | 0.68% | +0.14% | -11.70% | |
| 43 | O | Realty Income CORP | Stock-Real Estate | 0.65% | -0.58% | -43.94% | |
| 44 | CMS | Cms Energy CORP | Stock-Utilities | 0.63% | -0.90% | -55.31% | |
| 45 | GTY | Getty Realty CORP | Stock-Other | 0.62% | -0.03% | -1.90% | |
| 46 | EXR | Extra Space Storage Inc | Stock-Real Estate | 0.62% | +0.24% | +57.23% | |
| 47 | PSA | Public Storage | Stock-Real Estate | 0.61% | -0.27% | -37.52% | |
| 48 | FRT | Federal Realty Invs Trust | Stock-Real Estate | 0.60% | +0.32% | +101.18% | |
| 49 | JAN | Janus Living Inc Cl-a-1 | Stock-Other | 0.59% | +0.41% | +179.54% | |
| 50 | ✓ | Stock-Other | 0.58% | +0.58% | NEW |
1–50 of 101
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
+2%
Performance Last 4 Quarters
+12.5%
- Stdev
- +15%
- Beta
- +0.71
- Alpha
- -2.2%
- Max Drawdown
- -7%
- Annualized Perf
- +11.4%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +1.43
- Stutzer
- +0.23
- Treynor
- +0.17
- Sterling
- +0.72
- Calmar
- +1.63
- Information Ratio
- -0.64
- Tracking Error
- +12.5%
- Stdev Down
- +8.4%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +35.3%
- Worst 12 Months
- -1.8%
- Efficiency Ratio
- +0.3
- Sharpe
- +0.8
- Stdev Sectors
- +25.3%
- Skewness
- +0.12
- Kurtosis
- -0.63
- Upside Potential
- +3.31
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 171 | $7.2B | 33 | ||
| 2026 Q1 | 96 | $6.7B | 36 | ||
| 2025 Q4 | 97 | $6.8B | 30 | ||
| 2025 Q3 | 105 | $7.0B | 53 | ||
| 2025 Q2 | 107 | $6.6B | 0 | ||
| 2025 Q1 | 110 | $6.5B | 100 | ||
| 2024 Q4 | 113 | $5.6B | 0 | ||
| 2024 Q3 | 110 | $6.3B | 0 | ||
| 2024 Q2 | 110 | $5.5B | 0 | ||
| 2024 Q1 | 109 | $5.4B | 0 | ||
| 2023 Q4 | 110 | $5.5B | 0 | ||
| 2023 Q3 | 122 | $5.0B | 0 | ||
| 2023 Q2 | 119 | $5.6B | 0 | ||
| 2023 Q1 | 113 | $5.7B | 0 | ||
| 2022 Q4 | 116 | $5.7B | 0 | ||
| 2022 Q3 | 121 | $5.5B | 0 | ||
| 2022 Q2 | 121 | $6.4B | 0 | ||
| 2022 Q1 | 115 | $7.2B | 0 | ||
| 2021 Q4 | 112 | $7.0B | 0 | ||
| 2021 Q3 | 108 | $5.7B | 0 | ||
| 2021 Q2 | 109 | $5.4B | 97 | ||
| 2021 Q1 | 116 | $5.0B | 32 | ||
| 2020 Q4 | 110 | $4.5B | 42 | ||
| 2020 Q3 | 112 | $4.2B | 26 | ||
| 2020 Q2 | 108 | $4.2B | 27 | ||
| 2020 Q1 | 106 | $3.6B | 56 | ||
| 2019 Q4 | 101 | $4.9B | 33 | ||
| 2019 Q3 | 95 | $4.7B | 29 | ||
| 2019 Q2 | 98 | $4.8B | 39 | ||
| 2019 Q1 | 105 | $6.1B | 28 | ||
| 2018 Q4 | 94 | $6.1B | 36 | ||
| 2018 Q3 | 94 | $7.4B | 33 | ||
| 2018 Q2 | 103 | $7.7B | 54 | ||
| 2018 Q1 | 113 | $7.7B | 31 | ||
| 2017 Q4 | 108 | $8.7B | 45 | ||
| 2017 Q3 | 105 | $9.0B | 45 | ||
| 2017 Q2 | 102 | $9.5B | 37 | ||
| 2017 Q1 | 98 | $10.1B | 29 | ||
| 2016 Q4 | 94 | $10.8B | 32 | ||
| 2016 Q3 | 90 | $12.1B | 21 | ||
| 2016 Q2 | 93 | $12.8B | 23 | ||
| 2016 Q1 | 141 | $12.8B | 18 | ||
| 2015 Q4 | 95 | $12.7B | 15 | ||
| 2015 Q3 | 105 | $12.1B | 34 | ||
| 2015 Q2 | 116 | $12.0B | 26 | ||
| 2015 Q1 | 129 | $14.3B | 24 | ||
| 2014 Q4 | 129 | $14.1B | 21 | ||
| 2014 Q3 | 99 | $12.7B | 14 | ||
| 2014 Q2 | 99 | $13.4B | 19 | ||
| 2014 Q1 | 101 | $12.7B | 16 | ||
| 2013 Q4 | 100 | $11.5B | 16 | ||
| 2013 Q3 | 95 | $11.5B | 11 | ||
| 2013 Q2 | 95 | $11.9B | 0 |
Holding changes this quarter
Cbre Investment Management Listed Real Assets LLC's most significant position changes for 2026-06-30: New buy: Ryman Hospitality Properties (RHP); New buy: ; Sold out: California Water Service Grp (CWT); New buy: Macerich Co/the (MAC); New buy: Inventrust Properties CORP (IVT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | WMB | Williams Cos Inc | +1.8% | +10683.30% | Add |
| 2 | AEP | American Electric Power | +1.5% | +106.85% | Add |
| 3 | UDR | Udr Inc | +1.3% | +80.64% | Add |
| 4 | RHP | Ryman Hospitality Properties | +1.1% | NEW | New buy |
| 5 | SO | Southern Co/the | +0.9% | +100.81% | Add |
| 6 | OKE | Oneok Inc | +0.7% | +203.67% | Add |
| 7 | EQR | Equity Residential | +0.7% | +38.92% | Add |
| 8 | ✓ | +0.6% | NEW | New buy | |
| 9 | AMT | American Tower CORP | +0.5% | +31.39% | Add |
| 10 | EVRG | Evergy Inc | +0.5% | +27.91% | Add |
| 11 | COLD | Americold Realty Trust Inc | +0.4% | +302.48% | Add |
| 12 | JAN | Janus Living Inc Cl-a-1 | +0.4% | +179.54% | Add |
| 13 | REG | Regency Centers CORP | +0.4% | +29.36% | Add |
| 14 | MAC | Macerich Co/the | +0.4% | NEW | New buy |
| 15 | IVT | Inventrust Properties CORP | +0.3% | NEW | New buy |
| 16 | WPC | Wp Carey Inc | +0.3% | NEW | New buy |
| 17 | ATO | Atmos Energy CORP | +0.3% | +31.87% | Add |
| 18 | FRT | Federal Realty Invs Trust | +0.3% | +101.18% | Add |
| 19 | AMH | American Homes 4 Rent- A | +0.3% | +8.68% | Add |
| 20 | AHR | American Healthcare Reit Inc | +0.3% | +28.30% | Add |
| 21 | SUI | Sun Communities Inc | +0.3% | +43.06% | Add |
| 22 | CUZ | Cousins Properties Inc | +0.3% | +35.23% | Add |
| 23 | UNP | Union Pacific CORP | +0.3% | +48.42% | Add |
| 24 | BRX | Brixmor Property Group Inc | +0.2% | +8.42% | Add |
| 25 | EXR | Extra Space Storage Inc | +0.2% | +57.23% | Add |
| 26 | EPRT | Essential Properties Realty | +0.2% | +29.00% | Add |
| 27 | CUBE | Cubesmart | +0.2% | +8.56% | Add |
| 28 | WELL | Welltower Inc | +0.2% | -5.43% | Trim |
| 29 | EGP | Eastgroup Properties Inc | +0.1% | +3.53% | Add |
| 30 | VNO | Vornado Realty Trust | +0.1% | -11.70% | Trim |
| 31 | SKT | Tanger Inc | +0.1% | +21.64% | Add |
| 32 | INVH | Invitation Homes Inc | +0.1% | +49.00% | Add |
| 33 | ✓ | +0.1% | NEW | New buy | |
| 34 | ESS | Essex Property Trust Inc | +0.1% | +16.14% | Add |
| 35 | KRC | Kilroy Realty CORP | +0.1% | NEW | New buy |
| 36 | AVB | Avalonbay Communities Inc | +0.1% | +7.92% | Add |
| 37 | PPL | Ppl CORP | +0.1% | +14.37% | Add |
| 38 | CPT | Camden Property Trust | +0.1% | -4.89% | Trim |
| 39 | OGS | One Gas Inc | +0.1% | +30.29% | Add |
| 40 | HLT | Hilton Worldwide Holdings In | +0.1% | +10.64% | Add |
| 41 | LNT | Alliant Energy CORP | +0.1% | NEW | New buy |
| 42 | ELS | Equity Lifestyle Properties | 0% | +16.71% | Add |
| 43 | EPR | Epr Properties | 0% | +16.76% | Add |
| 44 | AEE | Ameren Corporation | 0% | +321.73% | Add |
| 45 | PDM | Piedmont Realty Trust Inc | 0% | +2.13% | Add |
| 46 | IRM | Iron Mountain Inc | 0% | -13.33% | Trim |
| 47 | MAA | Mid-america Apartment Comm | 0% | +0.02% | Add |
| 48 | LINE | Lineage Inc | 0% | — | Unchanged |
| 49 | UE | Urban Edge Properties | 0% | NEW | New buy |
| 50 | CPK | Chesapeake Utilities CORP | 0% | +12.84% | Add |
1–50 of 106
Filing History
FAQ
What is Cbre Investment Management Listed Real Assets LLC and what type of investor is it?
Cbre Investment Management Listed Real Assets LLC 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 $7.2B, spread across 171 disclosed positions.
What are Cbre Investment Management Listed Real Assets LLC's largest equity positions?
Based on the latest 13F filing, Cbre Investment Management Listed Real Assets LLC's top holdings by market value are:
1. Welltower Inc (WELL) — $645.4M (9.0%)
2. Equinix Inc (EQIX) — $472.5M (6.6%)
3. Prologis Inc (PLD) — $244.7M (3.4%)
4. American Tower CORP (AMT) — $238.6M (3.3%)
5. Xcel Energy Inc (XEL) — $216.2M (3.0%)
What changes did Cbre Investment Management Listed Real Assets LLC make in its most recent portfolio filing?
In the latest reported quarter, Cbre Investment Management Listed Real Assets LLC made 96 notable position adjustments: 10 new positions were initiated, 41 existing holdings were added to, 40 positions were partially reduced, and 5 were completely exited. The largest of these moves: New buy: Ryman Hospitality Properties (RHP); New buy: ; Sold out: California Water Service Grp (CWT); New buy: Macerich Co/the (MAC); New buy: Inventrust Properties CORP (IVT)
What sectors does Cbre Investment Management Listed Real Assets LLC focus on?
Cbre Investment Management Listed Real Assets LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Real Estate: 66.9%
• Utilities: 26.6%
• Energy: 5.2%
• Industrials: 0.8%
• Consumer Discretionary: 0.5%
Investment Profile
Cbre Investment Management Listed Real Assets LLC returned an annualized 11.4% over the trailing 36 months — underperforming the S&P 500 by 2.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.71 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 66.9% of the portfolio concentrated in Real Estate.
Its turnover score has risen from 0 to 33 over the past 4 quarters — a shift toward more active trading.
It has added to its WMB position over the past two quarters (+$130.1M, now $130.9M), while trimming ETR over the same stretch (-$134.3M, still holding $29.2M).
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Developer Access
Access Cbre Investment Management Listed Real Assets LLC's institutional profile programmatically:
REST API
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npx alphasmo institutions get cbre-investment-management-listed-real-assets-llc