DUFF & PHELPS INVESTMENT MANAGEMENT CO
CIK 765443 · View on SEC EDGAR ↗
- Portfolio value
- $2.8B
- Positions
- 162
- As of
- June 30, 2026
#1,217 of 9,443 by 13F value · top 12.9%
Portfolio value QoQ: +0.5% 13F does not disclose cash
- Top 10 holdings weight
- 33.19%
- Top 25 holdings weight
- 56.37%
- Positions above 1%
- 28
- Effective number of positions
- 55.4
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 7.25% Est. buys $204,980,030 · sells $211,528,780
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 86.2% still held
- New positions
- 17
- Increased
- 44
- Decreased
- 76
- 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: +12.3% · 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: 99.4% · Options excluded: 0.0%
Sector breakdown
Utilities
44.6%
Real Estate
28.6%
Industrials
12.3%
Telecommunication
6.6%
Energy
5.6%
Materials
0.7%
Healthcare
0.4%
Technology
0.3%
Other/Unmapped
0.9%
Full portfolio 162 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| AEE Ameren Corporation Common Stock | $136,334,831 | 4.81% | 1,206,076 | $8,840,711 | Up ×1 | ||
| CMS CMS Energy Corporation Common Stock | $111,205,526 | 3.93% | 1,453,667 | $-1,569,960 | |||
| ATO Atmos Energy Corporation Common Stock | $109,860,886 | 3.88% | 637,725 | $-2,438,714 | Up ×1 | ||
| AEP American Electric Power Company, Inc. - Common Stock | $109,657,593 | 3.87% | 801,532 | $9,753,398 | Up ×1 | ||
| WELL Welltower Inc. Common Stock | $101,753,375 | 3.59% | 448,312 | $15,508,319 | Up ×1 | ||
| EMA Emera Incorporated Common Shares | $87,401,462 | 3.09% | 1,161,790 | $-9,907,378 | Down ×1 | ||
| FTS Fortis Inc. Common Shares | $79,779,375 | 2.82% | 981,900 | $3,574,116 | |||
| PLD Prologis, Inc. Common Stock | $71,295,423 | 2.52% | 526,282 | $-555,642 | Down ×2 | ||
| PNW Pinnacle West Capital Corporation Common Stock | $66,867,510 | 2.36% | 624,930 | $3,905,812 | |||
| PEG Public Service Enterprise Group Incorporated Common Stock | $65,819,543 | 2.32% | 810,985 | $60,778,625 | Up ×1 | ||
| T AT&T Inc. | $65,008,350 | 2.30% | 3,140,500 | $-26,034,745 | |||
| FE FirstEnergy Corp. Common Stock | $62,015,930 | 2.19% | 1,304,500 | $-4,070,040 | |||
| VZ Verizon Communications Inc. Common Stock | $56,713,964 | 2.00% | 1,339,489 | $-10,528,384 | |||
| EQIX Equinix, Inc. - Common Stock | $54,522,209 | 1.93% | 52,305 | $-10,068,745 | Down ×2 | ||
| DLR Digital Realty Trust, Inc. Common Stock | $44,908,469 | 1.59% | 250,075 | $22,123 | Up ×1 | ||
| OGS ONE Gas, Inc. Common Stock | $44,392,320 | 1.57% | 576,000 | $-5,218,560 | |||
| TU Telus Corporation Ordinary Shares | $39,997,500 | 1.41% | 2,666,500 | $-7,679,520 | |||
| XYL Xylem Inc. Common Stock New | $39,773,764 | 1.40% | 336,467 | $3,405,373 | Up ×1 | ||
| VTR Ventas, Inc. Common Stock | $37,725,526 | 1.33% | 424,837 | $1,256,553 | Down ×2 | ||
| PAA Plains All American Pipeline, L.P. - Common Units representing Limited Partner Interests | $37,327,794 | 1.32% | 1,676,900 | $-2,350,383 | Down ×2 | ||
| SBS Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp American Depositary Shares (Each repstg 250 Common Shares) | $36,990,254 | 1.31% | 6,399,698 | $-7,156,269 | Up ×3 | ||
| SPG Simon Property Group, Inc. Common Stock | $36,656,906 | 1.29% | 163,903 | $5,832,264 | Down ×2 | ||
| VLTO Veralto Corp Common Stock | $36,075,024 | 1.27% | 406,800 | $-400,171 | Down ×1 | ||
| BKH Black Hills Corporation Common Stock | $34,189,776 | 1.21% | 459,540 | $2,293,105 | |||
| NWN Northwest Natural Holding Company Common Stock | $30,078,195 | 1.06% | 613,090 | $-2,550,455 | |||
| AWK American Water Works Company, Inc. Common Stock | $29,991,556 | 1.06% | 227,934 | $-5,227,856 | Down ×3 | ||
| UNP Union Pacific Corporation Common Stock | $29,242,176 | 1.03% | 107,508 | $1,387,702 | Down ×2 | ||
| PSA Public Storage Common Stock | $29,025,097 | 1.02% | 91,185 | $4,081,112 | Down ×6 | ||
| AVB AvalonBay Communities, Inc. Common Stock | $27,368,352 | 0.97% | 145,044 | $3,610,075 | Down ×2 | ||
| AMT American Tower Corporation (REIT) Common Stock | $26,787,368 | 0.95% | 163,767 | $-26,904 | Up ×1 | ||
| AMH American Homes 4 Rent Common Shares of Beneficial Interest | $26,739,742 | 0.94% | 797,725 | $3,944,458 | Down ×2 | ||
| AHR American Healthcare REIT, Inc. Common Stock | $26,170,278 | 0.92% | 501,827 | $17,233,458 | Up ×1 | ||
| CP Canadian Pacific Kansas City Limited Common Shares | $26,152,731 | 0.92% | 212,693 | $4,285,880 | Up ×1 | ||
| IRM Iron Mountain Incorporated (Delaware)Common Stock REIT | $25,880,287 | 0.91% | 204,895 | $-2,322,610 | Down ×3 | ||
| NEE NextEra Energy, Inc. Common Stock | $25,410,995 | 0.90% | 289,518 | $-5,408,725 | Down ×4 | ||
| WMB Williams Companies, Inc. (The) Common Stock | $24,846,881 | 0.88% | 334,233 | $186,179 | Down ×2 | ||
| BRX Brixmor Property Group Inc. Common Stock | $24,796,169 | 0.88% | 786,431 | $709,116 | Down ×2 | ||
| FR First Industrial Realty Trust, Inc. Common Stock | $24,542,393 | 0.87% | 400,300 | $444,975 | Down ×2 | ||
| BCE BCE, Inc. Common Stock | $24,247,965 | 0.86% | 1,127,288 | $-4,204,784 | |||
| MAA Mid-America Apartment Communities, Inc. Common Stock | $24,216,547 | 0.86% | 174,295 | $3,944,627 | Up ×1 | ||
| CNM Core & Main, Inc. Class A Common Stock | $21,951,965 | 0.78% | 454,963 | $4,313,596 | Up ×1 | ||
| EPRT Essential Properties Realty Trust, Inc. Common Stock | $21,147,233 | 0.75% | 708,450 | $431,087 | Up ×1 | ||
| ESS Essex Property Trust, Inc. Common Stock | $20,427,337 | 0.72% | 70,055 | $5,845,627 | Up ×1 | ||
| SO Southern Company (The) Common Stock | $19,685,441 | 0.70% | 205,678 | $-605,573 | Down ×2 | ||
| CSX CSX Corporation - Common Stock | $19,461,634 | 0.69% | 409,460 | $2,367,265 | Down ×3 | ||
| WTRG Essential Utilities, Inc. Common Stock | $19,391,871 | 0.68% | 506,183 | $-6,391,842 | Down ×3 | ||
| TRGP Targa Resources, Inc. Common Stock | $19,222,957 | 0.68% | 71,690 | $1,023,469 | Down ×2 | ||
| CUBE CubeSmart Common Shares | $19,103,281 | 0.67% | 480,344 | $1,723,155 | Up ×1 | ||
| ECL Ecolab Inc. Common Stock | $18,939,351 | 0.67% | 67,978 | $-987,409 | Down ×3 | ||
| SRE DBA Sempra Common Stock | $18,545,338 | 0.65% | 200,036 | $-2,867,140 | Down ×3 | ||
| WTS Watts Water Technologies, Inc. Class A Common Stock | $18,255,662 | 0.64% | 46,636 | $7,414,492 | Up ×2 | ||
| RHP Ryman Hospitality Properties, Inc. (REIT) | $17,453,105 | 0.62% | 135,769 | $4,168,809 | Down ×2 | ||
| PNR Pentair plc. Ordinary Share | $16,673,090 | 0.59% | 217,494 | $-2,460,273 | Down ×2 | ||
| TRP TC Energy Corporation Common Stock | $16,006,251 | 0.57% | 241,458 | $-657,869 | Down ×5 | ||
| WMS Advanced Drainage Systems, Inc. Common Stock | $15,456,008 | 0.55% | 98,471 | $-3,688,163 | Down ×1 | ||
| XEL Xcel Energy Inc. - Common Stock | $15,446,187 | 0.55% | 192,356 | $-85,286 | Down ×3 | ||
| ETR Entergy Corporation Common Stock | $15,375,849 | 0.54% | 133,866 | $3,261,756 | Up ×1 | ||
| ELS Equity Lifestyle Properties, Inc. Common Stock | $15,036,185 | 0.53% | 233,300 | $-1,761,037 | Down ×2 | ||
| ADC Agree Realty Corporation Common Stock | $14,905,632 | 0.53% | 196,800 | $-162,830 | Down ×2 | ||
| PECO Phillips Edison & Company, Inc. - Common Stock | $13,345,037 | 0.47% | 320,640 | $523,448 | Down ×2 | ||
| OKE ONEOK, Inc. Common Stock | $12,963,623 | 0.46% | 149,110 | $-2,758,362 | Down ×3 | ||
| NI NiSource Inc Common Stock | $12,907,780 | 0.46% | 271,457 | $-84,837 | Down ×6 | ||
| ZWS Zurn Elkay Water Solutions Corporation Common Stock | $12,820,320 | 0.45% | 253,717 | $5,195,816 | Up ×2 | ||
| SBRA Sabra Health Care REIT, Inc. - Common Stock | $12,718,803 | 0.45% | 651,912 | $1,220,128 | Up ×1 | ||
| LNG Cheniere Energy, Inc. Common Stock | $12,630,722 | 0.45% | 52,846 | $1,224,705 | Up ×1 | ||
| MWA MUELLER WATER PRODUCTS Common Stock | $12,094,200 | 0.43% | 468,223 | $-1,432,145 | Down ×3 | ||
| CUZ Cousins Properties Incorporated Common Stock | $11,843,989 | 0.42% | 395,063 | $2,950,371 | Up ×1 | ||
| ENB Enbridge Inc Common Stock | $11,373,366 | 0.40% | 209,802 | $-5,870,441 | Down ×2 | ||
| VMI Valmont Industries, Inc. Common Stock | $11,299,589 | 0.40% | 19,563 | $-2,505,155 | Down ×3 | ||
| GLPI Gaming and Leisure Properties, Inc. - Common Stock | $11,155,656 | 0.39% | 250,520 | $-918,308 | Down ×2 | ||
| VNO Vornado Realty Trust Common Stock | $11,122,490 | 0.39% | 283,015 | $3,544,456 | Down ×2 | ||
| IEX IDEX Corporation Common Stock | $11,000,040 | 0.39% | 48,469 | $2,922,746 | Up ×1 | ||
| PCG Pacific Gas & Electric Co. Common Stock | $10,975,000 | 0.39% | 652,497 | $-684,417 | Down ×2 | ||
| EVRG Evergy, Inc. - Common Stock | $10,956,818 | 0.39% | 126,771 | $394,872 | Down ×5 | ||
| BXP BXP, Inc. Common Stock | $10,719,012 | 0.38% | 161,650 | $2,381,277 | Up ×1 | ||
| HTO H2O America - Common Stock | $10,691,995 | 0.38% | 175,942 | $4,134,038 | Up ×1 | ||
| GFL GFL Environmental Inc. Subordinate voting shares, no par value | $10,598,941 | 0.37% | 288,093 | $-4,139,317 | Down ×1 | ||
| OGE OGE Energy Corp Common Stock | $10,395,041 | 0.37% | 213,626 | $-8,346 | Down ×2 | ||
| Unknown issuer (CUSIP: 42226B501) | $9,544,416 | 0.34% | 651,496 | Up ×1 | |||
| CCI Crown Castle Inc. Common Stock | $9,424,826 | 0.33% | 124,453 | $-866,825 | Down ×3 | ||
| CNP CenterPoint Energy, Inc (Holding Co) Common Stock | $9,403,773 | 0.33% | 213,528 | $47,073 | Down ×2 | ||
| FELE Franklin Electric Co., Inc. - Common Stock | $9,394,346 | 0.33% | 87,642 | $1,102,825 | Down ×2 | ||
| CWT California Water Service Group Common Stock | $8,911,123 | 0.31% | 183,168 | $5,052,734 | Up ×1 | ||
| WY Weyerhaeuser Company Common Stock | $8,864,024 | 0.31% | 370,260 | $3,530,124 | Up ×1 | ||
| LNT Alliant Energy Corporation - Common Stock | $8,673,868 | 0.31% | 113,696 | $271,920 | Down ×6 | ||
| PPL PPL Corporation Common Stock | $8,474,166 | 0.30% | 233,127 | $-582,672 | Down ×2 | ||
| DTM DT Midstream, Inc. Common Stock | $8,322,946 | 0.29% | 56,719 | $611,607 | Down ×4 | ||
| DUK Duke Energy Corporation (Holding Company) Common Stock | $8,134,411 | 0.29% | 64,263 | $-423,696 | Down ×4 | ||
| DTE DTE Energy Company Common Stock | $7,802,563 | 0.28% | 51,208 | $1,675,653 | Up ×1 | ||
| FER Ferrovial SE - Ordinary Shares | $7,798,240 | 0.28% | 130,014 | $492,776 | Down ×1 | ||
| BMI Badger Meter, Inc. Common Stock | $7,732,230 | 0.27% | 52,111 | $1,165,488 | Up ×1 | ||
| DHR Danaher Corporation Common Stock | $7,467,959 | 0.26% | 39,206 | $1,394,123 | Up ×1 | ||
| D Dominion Energy, Inc. Common Stock | $7,285,041 | 0.26% | 106,678 | $577,942 | Down ×2 | ||
| FERG Ferguson Enterprises Inc. Common Stock | $7,218,392 | 0.25% | 30,415 | $1,422,114 | Up ×2 | ||
| EIX Edison International Common Stock | $7,117,420 | 0.25% | 95,600 | $-1,927,628 | Down ×1 | ||
| PEB Pebblebrook Hotel Trust Common Shares of Beneficial Interest | $6,556,698 | 0.23% | 337,800 | $-660,084 | Down ×1 | ||
| WEC WEC Energy Group, Inc. Common Stock | $6,198,735 | 0.22% | 53,085 | $-51,340 | Down ×6 | ||
| KIM Kimco Realty Corporation (HC) Common Stock | $5,919,225 | 0.21% | 233,500 | $431,152 | Down ×2 | ||
| VICI VICI Properties Inc. Common Stock | $5,847,797 | 0.21% | 220,256 | $2,777,903 | Up ×1 | ||
| NSC Norfolk Southern Corporation Common Stock | $5,835,330 | 0.21% | 18,549 | ||||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: 42226B501) | $9,544,416 | 651,496 | 0.34% |
| NSC | $5,835,330 | 18,549 | 0.21% |
| FBIN | $3,545,662 | 64,584 | 0.13% |
| MTDR | $451,903 | 9,078 | 0.02% |
| KNTK | $401,850 | 8,313 | 0.01% |
| O | $136,932 | 2,210 | 0.00% |
| DOC | $104,261 | 4,872 | 0.00% |
| HIW | $93,406 | 3,097 | 0.00% |
| EQR | $81,516 | 1,200 | 0.00% |
| UDR | $71,856 | 1,800 | 0.00% |
| BNL | $62,465 | 3,022 | 0.00% |
| MRP | $60,100 | 2,000 | 0.00% |
| APLE | $45,084 | 2,682 | 0.00% |
| WPC | $38,038 | 532 | 0.00% |
| LXP | $35,022 | 650 | 0.00% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| T | Price move only | +0 | -$26.0M |
| AHR | Bought more | +312K | +$17.2M |
| WELL | Bought more | +12K | +$15.5M |
| VZ | Price move only | +0 | -$10.5M |
| EQIX | Trimmed | -14K | -$10.1M |
| EMA | Trimmed | -188K | -$9.9M |
| AEP | Bought more | +39K | +$9.8M |
| AEE | Bought more | +46K | +$8.8M |
| TU | Price move only | +0 | -$7.7M |
| WTS | Bought more | +9K | +$7.4M |
2 positions 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 |
|---|---|---|---|---|
| SUI | March 31, 2025 | 592,367 | $72,843,370 | -4.7% |
| CNI | March 31, 2026 | 336,789 | $33,353,352 | 26.2% |
| ES | June 30, 2026 | 424,140 | $29,384,419 | -0.5% |
| LAMR | Sept. 30, 2025 | 170,581 | $20,701,710 | 23.7% |
| WES | June 30, 2025 | 425,434 | $17,425,777 | 25.6% |
| NSC | Sept. 30, 2025 | 54,205 | $13,874,854 | 15.9% |
| ACM | Dec. 31, 2025 | 105,506 | $13,765,368 | -31.9% |
| DOC | March 31, 2025 | 637,478 | $12,921,679 | 4.7% |
| SPIB | Dec. 31, 2025 | 376,265 | $12,751,621 | No longer tracked |
| HTO | Sept. 30, 2025 | 232,932 | $12,105,476 | 31.1% |
| O | Dec. 31, 2025 | 185,746 | $11,291,499 | 12.0% |
| SOBO | June 30, 2025 | 323,467 | $8,254,878 | 48.2% |
| VOD | Dec. 31, 2025 | 682,200 | $7,913,520 | 20.5% |
| FELE | March 31, 2025 | 69,433 | $6,766,246 | 10.0% |
| KNTK | March 31, 2026 | 171,094 | $6,167,939 | 14.3% |
| SUN | Dec. 31, 2025 | 91,000 | $4,550,910 | 45.2% |
| ERII | March 31, 2026 | 301,487 | $4,067,060 | -21.9% |
| CSX | March 31, 2025 | 95,000 | $3,065,650 | 74.9% |
| RYN | June 30, 2025 | 72,245 | $2,014,191 | -3.5% |
| CWT | June 30, 2025 | 35,006 | $1,696,391 | 9.8% |
| MSEX | March 31, 2025 | 28,180 | $1,483,113 | -8.8% |
| AWR | June 30, 2025 | 14,146 | $1,113,007 | 16.5% |
| GLNG | Sept. 30, 2025 | 20,832 | $858,070 | 31.8% |
| RUN | June 30, 2026 | 57,259 | $776,432 | -29.6% |
| TEL | June 30, 2026 | 3,556 | $743,275 | 0.6% |
| GTLS | June 30, 2025 | 5,109 | $737,535 | No longer tracked |
| HESM | June 30, 2025 | 16,929 | $715,927 | 1.7% |
| VLO | Dec. 31, 2025 | 4,017 | $683,934 | 112.5% |
| MP | Dec. 31, 2025 | 7,519 | $504,299 | 13.8% |
| AES | June 30, 2025 | 35,536 | $441,357 | 40.4% |
| FLNC | March 31, 2025 | 27,192 | $431,809 | 138.8% |
| TRNO | Sept. 30, 2025 | 6,825 | $382,678 | 20.8% |
| NVT | March 31, 2025 | 5,499 | $374,812 | 198.0% |