CENTERSQUARE INVESTMENT MANAGEMENT LLC
CIK 1725296 · View on SEC EDGAR ↗
- Portfolio value
- $11.2B
- Positions
- 80
- As of
- June 30, 2026
#445 of 9,443 by 13F value · top 4.7%
Portfolio value QoQ: +21.0% 13F does not disclose cash
- Top 10 holdings weight
- 53.60%
- Top 25 holdings weight
- 83.24%
- Positions above 1%
- 26
- Effective number of positions
- 23.3
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 4.9% Est. buys $1,359,077,810 · sells $500,647,875
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 84.2% still held
- New positions
- 4
- Increased
- 48
- Decreased
- 25
- Closed
- 3
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +14.0% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 99.8% · Options excluded: 0.0%
Sector breakdown
Real Estate
98.9%
Consumer Discretionary
0.1%
Utilities
0.0%
Technology
0.0%
Other/Unmapped
1.0%
Full portfolio 80 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| WELL Welltower Inc. Common Stock | $1,225,291,871 | 10.94% | 5,398,475 | $231,955,510 | Up ×6 | ||
| EQIX Equinix, Inc. - Common Stock | $907,014,811 | 8.10% | 870,130 | $138,521,355 | Up ×3 | ||
| PLD Prologis, Inc. Common Stock | $905,356,848 | 8.09% | 6,683,080 | $114,193,061 | Up ×3 | ||
| DLR Digital Realty Trust, Inc. Common Stock | $618,392,529 | 5.52% | 3,443,549 | $91,505,524 | Up ×4 | ||
| VTR Ventas, Inc. Common Stock | $561,980,213 | 5.02% | 6,328,606 | $98,660,448 | Up ×3 | ||
| BRX Brixmor Property Group Inc. Common Stock | $371,157,129 | 3.32% | 11,771,555 | $67,569,215 | Up ×1 | ||
| PSA Public Storage Common Stock | $365,387,412 | 3.26% | 1,147,898 | $52,144,218 | Down ×2 | ||
| EXR Extra Space Storage Inc Common Stock | $352,280,722 | 3.15% | 2,424,506 | $39,320,619 | Up ×1 | ||
| UDR UDR, Inc. Common Stock | $349,592,494 | 3.12% | 8,757,327 | $81,428,511 | Up ×1 | ||
| SPG Simon Property Group, Inc. Common Stock | $344,003,669 | 3.07% | 1,538,134 | $93,138,539 | Up ×3 | ||
| CPT Camden Property Trust Common Stock | $321,792,234 | 2.87% | 2,810,658 | $76,365,622 | Up ×6 | ||
| FR First Industrial Realty Trust, Inc. Common Stock | $284,018,698 | 2.54% | 4,632,502 | $46,194,051 | Up ×3 | ||
| IRM Iron Mountain Incorporated (Delaware)Common Stock REIT | $279,634,425 | 2.50% | 2,213,874 | $54,968,098 | Up ×1 | ||
| ADC Agree Realty Corporation Common Stock | $269,438,006 | 2.41% | 3,557,407 | $22,722,658 | Up ×6 | ||
| KIM Kimco Realty Corporation (HC) Common Stock | $262,299,188 | 2.34% | 10,347,108 | $39,150,315 | Up ×1 | ||
| INVH Invitation Homes Inc. Common Stock | $257,555,566 | 2.30% | 8,525,507 | $80,816,402 | Up ×3 | ||
| O Realty Income Corporation Common Stock | $232,075,269 | 2.07% | 3,745,566 | $-475,478 | Down ×1 | ||
| KRG Kite Realty Group Trust Common Stock | $231,911,030 | 2.07% | 8,171,636 | $49,061,722 | Up ×6 | ||
| MAC Macerich Company (The) Common Stock | $215,108,645 | 1.92% | 8,539,446 | $84,643,570 | Up ×6 | ||
| AHR American Healthcare REIT, Inc. Common Stock | $208,342,170 | 1.86% | 3,995,056 | $83,791,997 | Up ×2 | ||
| ELS Equity Lifestyle Properties, Inc. Common Stock | $196,269,907 | 1.75% | 3,045,305 | $61,858,986 | Up ×4 | ||
| VICI VICI Properties Inc. Common Stock | $156,811,256 | 1.40% | 5,906,262 | $34,161,941 | Up ×2 | ||
| AMH American Homes 4 Rent Common Shares of Beneficial Interest | $141,533,507 | 1.26% | 4,222,360 | $-17,033,163 | Down ×1 | ||
| HST Host Hotels & Resorts, Inc. - Common Stock | $138,961,489 | 1.24% | 5,860,881 | $15,839,118 | Down ×5 | ||
| CUZ Cousins Properties Incorporated Common Stock | $122,438,470 | 1.09% | 4,084,005 | $40,043,706 | Up ×1 | ||
| ARE Alexandria Real Estate Equities, Inc. Common Stock | $118,600,474 | 1.06% | 2,244,096 | $28,869,500 | Up ×6 | ||
| VNO Vornado Realty Trust Common Stock | $109,085,010 | 0.97% | 2,775,700 | $24,697,117 | Down ×1 | ||
| SBRA Sabra Health Care REIT, Inc. - Common Stock | $106,873,966 | 0.95% | 5,477,907 | $36,521,396 | Up ×2 | ||
| MAA Mid-America Apartment Communities, Inc. Common Stock | $105,079,210 | 0.94% | 756,292 | $31,746,761 | Up ×2 | ||
| LXP LXP Industrial Trust Common Stock (Maryland REIT) | $90,709,297 | 0.81% | 1,683,543 | $35,075,171 | Up ×2 | ||
| REXR Rexford Industrial Realty, Inc. Common Stock | $87,903,732 | 0.79% | 2,623,992 | $9,732,251 | Up ×1 | ||
| DRH Diamondrock Hospitality Company - Common Stock | $84,236,271 | 0.75% | 6,915,950 | $26,988,841 | Up ×1 | ||
| EQR Equity Residential Common Shares of Beneficial Interest | $82,176,959 | 0.73% | 1,209,730 | $13,856,757 | Up ×1 | ||
| RHP Ryman Hospitality Properties, Inc. (REIT) | $70,271,858 | 0.63% | 546,650 | $24,594,979 | Up ×4 | ||
| Unknown issuer (CUSIP: 471024109) | $66,827,915 | 0.60% | 2,325,258 | $23,214,671 | Up ×1 | ||
| SLG SL Green Realty Corp Common Stock | $59,918,909 | 0.54% | 1,157,406 | $22,575,857 | Up ×2 | ||
| ESS Essex Property Trust, Inc. Common Stock | $57,904,817 | 0.52% | 198,583 | $5,483,745 | Down ×2 | ||
| LAMR Lamar Advertising Company - Class A Common Stock | $55,735,398 | 0.50% | 357,324 | $20,767,865 | Up ×2 | ||
| AMT American Tower Corporation (REIT) Common Stock | $53,868,508 | 0.48% | 329,330 | $-519,389 | Up ×1 | ||
| NTST NetSTREIT Corp. Common Stock | $50,313,446 | 0.45% | 2,381,138 | $-3,306,259 | Down ×2 | ||
| CTRE CareTrust REIT, Inc. Common Stock | $49,502,026 | 0.44% | 1,226,816 | ||||
| BNL Broadstone Net Lease, Inc. Common Stock | $48,468,256 | 0.43% | 2,344,860 | $2,658,460 | Down ×3 | ||
| SMA SmartStop Self Storage REIT, Inc. Common Stock | $43,712,175 | 0.39% | 1,344,990 | ||||
| COLD Americold Realty Trust, Inc. Common Stock | $42,573,847 | 0.38% | 2,708,260 | $19,861,021 | Up ×1 | ||
| KRC Kilroy Realty Corporation Common Stock | $42,327,723 | 0.38% | 1,129,643 | $40,339,172 | Up ×1 | ||
| SUI Sun Communities, Inc. Common Stock | $41,252,637 | 0.37% | 344,030 | $34,787,992 | Up ×1 | ||
| IRT Independence Realty Trust, Inc. Common Stock | $38,756,734 | 0.35% | 2,322,153 | $15,062,813 | Up ×2 | ||
| LTC LTC Properties, Inc. Common Stock | $34,955,280 | 0.31% | 909,110 | $34,715,226 | Up ×1 | ||
| OHI Omega Healthcare Investors, Inc. Common Stock | $28,769,635 | 0.26% | 603,390 | $-95,262,744 | Down ×1 | ||
| STAG Stag Industrial, Inc. Common Stock | $28,701,046 | 0.26% | 754,100 | $23,371,378 | Up ×1 | ||
| REG Regency Centers Corporation - Common Stock | $28,010,270 | 0.25% | 351,270 | $1,433,182 | |||
| LINE Lineage, Inc. - Common Stock | $27,987,551 | 0.25% | 647,111 | $13,557,099 | Up ×1 | ||
| CCI Crown Castle Inc. Common Stock | $27,151,477 | 0.24% | 358,530 | $-5,365,205 | Down ×1 | ||
| DHC Diversified Healthcare Trust - Common Shares of Beneficial Interest | $26,304,176 | 0.23% | 2,828,406 | $7,393,815 | Down ×1 | ||
| CUBE CubeSmart Common Shares | $24,500,149 | 0.22% | 616,046 | $-30,208,259 | Down ×1 | ||
| AVB AvalonBay Communities, Inc. Common Stock | $19,804,902 | 0.18% | 104,960 | $2,720,125 | Up ×1 | ||
| ESRT Empire State Realty Trust, Inc. Class A Common Stock | $19,132,579 | 0.17% | 3,536,521 | $2,301,307 | Up ×6 | ||
| VTMX Corporacion Inmobiliaria Vesta, S.A.B de C.V. American Depositary Shares, each representing ten (10) Common Shares | $15,607,104 | 0.14% | 454,885 | $7,003,050 | Up ×2 | ||
| PDM Piedmont Realty Trust, Inc. Class A Common Stock | $13,891,777 | 0.12% | 1,518,227 | $-8,868,694 | Down ×1 | ||
| FRT Federal Realty Investment Trust Common Stock | $13,134,139 | 0.12% | 106,401 | $-23,610,910 | Down ×3 | ||
| SBAC SBA Communications Corporation - Class A Common Stock | $13,077,451 | 0.12% | 74,110 | $532,353 | Up ×1 | ||
| EGP EastGroup Properties, Inc. Common Stock | $11,902,891 | 0.11% | 58,771 | $-3,467,168 | Down ×2 | ||
| HLT Hilton Worldwide Holdings Inc. Common Stock | $7,743,008 | 0.07% | 23,431 | $-81,274 | Down ×1 | ||
| WY Weyerhaeuser Company Common Stock | $7,555,440 | 0.07% | 315,599 | $-622,478 | Down ×3 | ||
| DOC Healthpeak Properties, Inc. Common Stock | $3,987,762 | 0.04% | 186,344 | $-1,666,327 | Down ×4 | ||
| NHI National Health Investors, Inc. Common Stock | $3,558,444 | 0.03% | 46,662 | $-33,922,754 | Down ×2 | ||
| TRNO Terreno Realty Corporation Common Stock | $3,510,534 | 0.03% | 54,200 | $120,150 | Down ×2 | ||
| BXP BXP, Inc. Common Stock | $3,340,101 | 0.03% | 50,371 | $2,600,007 | Up ×1 | ||
| CDP COPT Defense Properties Common Shares of Beneficial Interest | $1,874,085 | 0.02% | 51,500 | $282,885 | Down ×3 | ||
| CBRE CBRE Group Inc Common Stock Class A | $1,540,854 | 0.01% | 11,440 | $-61,638 | Down ×1 | ||
| Unknown issuer (CUSIP: 09264B107) | $767,865 | 0.01% | 35,500 | Up ×1 | |||
| WPC W. P. Carey Inc. REIT | $715,286 | 0.01% | 10,004 | $35,414 | |||
| HR Healthcare Realty Trust Incorporated Common Stock | $552,194 | 0.00% | 27,377 | $-102,661,937 | Down ×1 | ||
| DEI Douglas Emmett, Inc. Common Stock | $469,050 | 0.00% | 39,750 | $94,605 | |||
| EPRT Essential Properties Realty Trust, Inc. Common Stock | $432,527 | 0.00% | 14,490 | $2,326 | Up ×1 | ||
| JLL Jones Lang LaSalle Incorporated Common Stock | $393,637 | 0.00% | 1,270 | $49,755 | Up ×4 | ||
| NEE NextEra Energy, Inc. Common Stock | $373,023 | 0.00% | 4,250 | $-68,157 | Down ×4 | ||
| FCPT Four Corners Property Trust, Inc. Common Stock | $354,993 | 0.00% | 14,460 | $20,582 | Up ×1 | ||
| CORZ Core Scientific, Inc. - Common Stock | $294,285 | 0.00% | 11,500 | Up ×1 | |||
| SHO Sunstone Hotel Investors, Inc. Sunstone Hotel Investors, Inc. Common Shares | $171,636 | 0.00% | 14,990 | $-11,720,897 | Down ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| WELL | $1,225,291,871 | 10.94% | up ×6 |
| EQIX | $907,014,811 | 8.10% | up ×3 |
| PLD | $905,356,848 | 8.09% | up ×3 |
| DLR | $618,392,529 | 5.52% | up ×4 |
| VTR | $561,980,213 | 5.02% | up ×3 |
| SPG | $344,003,669 | 3.07% | up ×3 |
| CPT | $321,792,234 | 2.87% | up ×6 |
| FR | $284,018,698 | 2.54% | up ×3 |
| ADC | $269,438,006 | 2.41% | up ×6 |
| INVH | $257,555,566 | 2.30% | up ×3 |
| KRG | $231,911,030 | 2.07% | up ×6 |
| MAC | $215,108,645 | 1.92% | up ×6 |
| ELS | $196,269,907 | 1.75% | up ×4 |
| ARE | $118,600,474 | 1.06% | up ×6 |
| RHP | $70,271,858 | 0.63% | up ×4 |
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| WELL | Bought more | +374K | +$232.0M |
| EQIX | Bought more | +86K | +$138.5M |
| PLD | Bought more | +698K | +$114.2M |
| VTR | Bought more | +663K | +$98.7M |
| OHI | Trimmed | -2.2M | -$95.3M |
| SPG | Bought more | +193K | +$93.1M |
| DLR | Bought more | +520K | +$91.5M |
| MAC | Bought more | +1.6M | +$84.6M |
| AHR | Bought more | +1.4M | +$83.8M |
| UDR | Bought more | +819K | +$81.4M |
1 position hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| NNN | Dec. 31, 2025 | 1,148,526 | $48,892,752 | 16.3% |
| IVT | June 30, 2026 | 785,528 | $23,927,183 | -6.2% |
| IVT | March 31, 2025 | 707,796 | $21,325,893 | 13.0% |
| PEB | June 30, 2025 | 1,878,639 | $19,030,613 | 86.5% |
| RLJ | March 31, 2026 | 1,521,660 | $11,336,367 | 55.6% |
| APLE | Dec. 31, 2025 | 873,900 | $10,495,539 | 40.2% |
| HPP | Dec. 31, 2025 | 2,426,484 | $6,697,096 | 34.6% |
| XHR | March 31, 2026 | 285,041 | $4,030,480 | 31.7% |
| LXPXXXX | Dec. 31, 2025 | 404,405 | $3,623,469 | No longer tracked |
| PEBPRE | March 31, 2026 | 127,246 | $2,427,854 | No longer tracked |
| CTRE | March 31, 2025 | 49,168 | $1,329,994 | 39.0% |
| FVR | June 30, 2026 | 63,830 | $987,450 | -1.1% |
| CSR | Dec. 31, 2025 | 14,600 | $859,940 | -17.9% |
| DBRG | March 31, 2026 | 52,000 | $797,680 | 3.3% |
| PEBPRF | March 31, 2026 | 40,594 | $773,316 | No longer tracked |
| ELME | March 31, 2026 | 39,320 | $684,168 | -16.4% |
| CUBE | Dec. 31, 2025 | 12,035 | $489,343 | 14.0% |
| ZG | June 30, 2026 | 5,070 | $209,771 | 15.5% |
| SMA | Sept. 30, 2025 | 5,530 | $200,352 | -8.2% |