Institution

Cbre Investment Management Listed Real Assets LLC

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1033984

Reported value: $7.2bn
Positions we cover: 97
Copy, a year: +9.2%
Copy Sharpe ratio: 0.44

How copying its 13F would have done

CopyS&P 500 $10,000 copying Cbre Investment Management Listed Real Assets LLC's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −40.6% (S&P 500 −31.8%); beta 0.88; alpha −2.1% a year (t = −0.53); last 12 months +14.1% against +12.1%.

Reported value by quarter

Cbre Investment Management Listed Real Assets LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$11.9B
2013-09-30	$11.5B
2013-12-31	$11.5B
2014-03-31	$12.7B
2014-06-30	$13.4B
2014-09-30	$12.7B
2014-12-31	$14.1B
2015-03-31	$14.3B
2015-06-30	$12B
2015-09-30	$12.1B
2015-12-31	$12.7B
2016-03-31	$12.8B
2016-06-30	$12.8B
2016-09-30	$12.1B
2016-12-31	$10.8B
2017-03-31	$10.1B
2017-06-30	$9.5B
2017-09-30	$9B
2017-12-31	$8.7B
2018-03-31	$7.7B
2018-06-30	$7.7B
2018-09-30	$7.4B
2018-12-31	$6.1B
2019-03-31	$6.1B
2019-06-30	$4.8B
2019-09-30	$4.7B
2019-12-31	$4.9B
2020-03-31	$3.6B
2020-06-30	$4.2B
2020-09-30	$4.2B
2020-12-31	$4.5B
2021-03-31	$5B
2021-06-30	$5.4B
2021-09-30	$5.7B
2021-12-31	$7B
2022-03-31	$7.2B
2022-06-30	$6.4B
2022-09-30	$5.5B
2022-12-31	$5.7T
2023-03-31	$5.7B
2023-06-30	$5.6B
2023-09-30	$5B
2023-12-31	$5.5B
2024-03-31	$5.4B
2024-06-30	$5.5B
2024-09-30	$6.3B
2024-12-31	$5.6B
2025-03-31	$6.5B
2025-06-30	$6.6B
2025-09-30	$7B
2025-12-31	$6.8B
2026-03-31	$6.7B
2026-06-30	$7.2B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
WELLWelltower	8.98%	$645.4m	2.84M	−5.4% Reduced
EQIXEquinix	6.58%	$472.5m	453.3K	−14.2% Reduced
PLDPrologis	3.41%	$244.7m	1.81M	−17.3% Reduced
AMTAmerican Tower	3.32%	$238.6m	1.46M	+31.4% Added
XELXcel Energy	3.01%	$216.2m	2.69M	+3.7% Added
AEPAmerican Electric Power	2.96%	$212.7m	1.55M	+106.8% Added
PPLPPL Corporation	2.67%	$192.1m	5.28M	+14.4% Added
UDRUDR, Inc.	2.54%	$182.9m	4.58M	+80.6% Added
ATOAtmos Energy	2.40%	$172.2m	999.5K	+31.9% Added
BRXBrixmor Property Group Inc.	2.34%	$168.0m	5.33M	+8.4% Added
EGPEastgroup Properties Inc	2.31%	$165.9m	819.3K	+3.5% Added
EVRGEvergy	2.14%	$153.6m	1.78M	+27.9% Added
VMRKVivmark Residential	2.04%	$146.4m	2.16M	+38.9% Added
VTRVentas	2.01%	$144.5m	1.63M	−13.9% Reduced
SOSouthern Company	1.99%	$143.2m	1.50M	+100.8% Added
IRMIron Mountain	1.89%	$135.5m	1.07M	−13.3% Reduced
VICIVici Properties	1.89%	$135.4m	5.10M	−4.6% Reduced
CUBECubesmart	1.86%	$133.6m	3.36M	+8.6% Added
WMBWilliams Companies	1.82%	$130.9m	1.76M	+10683.3% Added
REGRegency Centers	1.82%	$130.5m	1.64M	+29.4% Added
SPGSimon Property Group	1.70%	$122.2m	546.5K	−54.8% Reduced
PCGPG&E Corporation	1.66%	$119.3m	7.09M	+3.8% Added
AMHAmerican Homes 4 Rent	1.65%	$118.5m	3.53M	+8.7% Added
WECWEC Energy Group	1.63%	$117.2m	1.00M	−27.1% Reduced
CEGConstellation Energy	1.62%	$116.1m	467.4K	+12.6% Added
FRFirst Industrial Realty Trust Inc	1.43%	$103.0m	1.68M	−24.6% Reduced
STAGStag Industrial, Inc.	1.40%	$100.5m	2.64M	−16.7% Reduced
PEGPublic Service Enterprise Group	1.35%	$97.4m	1.20M	−45.5% Reduced
SUISUN Communities Inc	1.28%	$92.1m	767.9K	+43.1% Added
OGEOGE Energy Corp.	1.22%	$87.3m	1.79M	−1.2% Reduced
EPRTEssential Properties Realty Trust, Inc.	1.18%	$84.8m	2.84M	+29.0% Added
AHRAmerican Healthcare Reit, Inc.	1.17%	$84.2m	1.61M	+28.3% Added
CPTCamden Property Trust	1.17%	$84.0m	733.5K	−4.9% Reduced
TRGPTarga Resources	1.17%	$83.9m	313.0K	−6.8% Reduced
RHPRyman Hospitality Properties, Inc.	1.12%	$80.2m	624.1K	New
OKEOneok	1.08%	$77.3m	889.1K	+203.7% Added
LNGCheniere Energy, Inc.	0.95%	$68.0m	284.7K	−44.1% Reduced
GLPIGaming & Leisure Properties, Inc.	0.90%	$64.5m	1.45M	−1.6% Reduced
DLRDigital Realty	0.79%	$56.6m	315.1K	−29.0% Reduced
UNPUnion Pacific Corporation	0.76%	$54.9m	201.9K	+48.4% Added
CUZCousins Properties Inc	0.68%	$49.1m	1.64M	+35.2% Added
VNOVornado Realty Trust	0.68%	$48.9m	1.24M	−11.7% Reduced
ORealty Income	0.65%	$47.0m	758.4K	−43.9% Reduced
CMSCMS Energy	0.63%	$45.6m	595.6K	−55.3% Reduced
GTYGetty Realty Corp	0.62%	$44.8m	1.34M	−1.9% Reduced
EXRExtra Space Storage	0.62%	$44.5m	306.5K	+57.2% Added
PSAPublic Storage	0.61%	$43.6m	137.0K	−37.5% Reduced
FRTFederal Realty Investment Trust	0.60%	$43.4m	351.8K	+101.2% Added
JANJanus Living, Inc.	0.59%	$42.4m	1.48M	+179.5% Added
BXDCBlackstone Digital Infrastructure Trust Inc.	0.58%	$41.8m	1.93M	New
COLDAmericold Realty Trust	0.53%	$38.0m	2.42M	+302.5% Added
SKTTanger Inc.	0.53%	$37.9m	960.2K	+21.6% Added
OGSONE Gas, Inc.	0.52%	$37.3m	483.8K	+30.3% Added
CPKChesapeake Utilities Corp	0.49%	$35.5m	289.8K	+12.8% Added
DOCHealthpeak Properties	0.43%	$31.0m	1.45M	−43.1% Reduced
SHOSunstone Hotel Investors, Inc.	0.42%	$30.3m	2.65M	−33.1% Reduced
HLTHilton Worldwide	0.42%	$30.3m	91.6K	+10.6% Added
AWKAmerican Water Works	0.42%	$30.0m	227.7K	+13.2% Added
ETREntergy	0.41%	$29.2m	254.2K	−79.4% Reduced
CCICrown Castle	0.40%	$28.5m	376.6K	−33.0% Reduced
DDominion Energy	0.35%	$25.2m	369.5K	0.0%
MACMacerich Co	0.35%	$25.1m	994.6K	New
OHIOmega Healthcare Investors Inc	0.34%	$24.7m	518.9K	−70.5% Reduced
IVTInventrust Properties Corp.	0.34%	$24.4m	687.9K	New
WPCW. P. Carey Inc.	0.34%	$24.3m	340.0K	New
ELSEquity Lifestyle Properties Inc	0.31%	$22.0m	341.6K	+16.7% Added
ESSEssex Property Trust	0.29%	$20.6m	70.5K	+16.1% Added
REXRRexford Industrial Realty, Inc.	0.28%	$19.8m	591.2K	−2.3% Reduced
INVHInvitation Homes	0.27%	$19.6m	648.8K	+49.0% Added
MAAMid-America Apartment Communities	0.25%	$18.0m	129.6K	0.0%
IRTIndependence Realty Trust, Inc.	0.18%	$13.2m	791.9K	−8.9% Reduced
EPREPR Properties	0.18%	$12.6m	217.8K	+16.8% Added
HSTHost Hotels & Resorts	0.16%	$11.3m	475.3K	−46.1% Reduced
BXPBXP, Inc.	0.15%	$10.6m	159.5K	−67.5% Reduced
WTRGEssential Utilities, Inc.	0.15%	$10.5m	275.0K	−8.8% Reduced
BNLBroadstone Net Lease, Inc.	0.14%	$10.1m	489.3K	−27.0% Reduced
AREAlexandria Real Estate Equities	0.13%	$9.4m	178.1K	0.0%
XIFRXplr Infrastructure, LP	0.13%	$9.4m	794.9K	0.0%
CSRCenterspace	0.12%	$8.8m	156.7K	−32.3% Reduced
LINELineage, Inc.	0.10%	$7.4m	171.3K	0.0%
PDMPiedmont Realty Trust, Inc.	0.10%	$7.1m	778.3K	+2.1% Added
AESAES Corporation	0.09%	$6.1m	417.2K	−90.5% Reduced
NTSTNetstreit Corp.	0.08%	$5.7m	271.3K	0.0%
NHPNational Healthcare Properties, Inc.	0.08%	$5.6m	381.1K	New
KRCKilroy Realty Corp	0.07%	$5.1m	137.0K	New
SBACSBA Communications	0.06%	$4.3m	24.4K	0.0%
ESRTEmpire State Realty Trust, Inc.	0.05%	$3.7m	687.8K	0.0%
LNTAlliant Energy	0.05%	$3.6m	46.6K	New
AEEAmeren	0.05%	$3.5m	30.7K	+321.7% Added
UEUrban Edge Properties	0.02%	$1.7m	75.2K	New
NEENextEra Energy	0.02%	$1.6m	18.5K	−41.4% Reduced
WYWeyerhaeuser	0.02%	$1.4m	60.1K	0.0%
CWENClearway Energy, Inc.	0.01%	$889,159	26.0K	New
MARMarriott International	0.01%	$731,174	2.0K	−29.3% Reduced
NSCNorfolk Southern	0.01%	$726,703	2.3K	−2.4% Reduced
CNPCenterPoint Energy	0.00%	$319,378	7.3K	−1.9% Reduced
KMIKinder Morgan	0.00%	$204,704	6.4K	+2.4% Added

Company	Bought (value)	Shares
WMBWilliams Companies	$129.7m	1.74M
AEPAmerican Electric Power	$109.9m	803.0K
UDRUDR, Inc.	$81.6m	2.05M
RHPRyman Hospitality Properties, Inc.	$80.2m	624.1K
SOSouthern Company	$71.9m	751.2K
AMTAmerican Tower	$57.0m	348.5K
OKEOneok	$51.8m	596.3K
BXDCBlackstone Digital Infrastructure Trust Inc.	$41.8m	1.93M
ATOAtmos Energy	$41.6m	241.6K
VMRKVivmark Residential	$41.0m	603.8K
EVRGEvergy	$33.5m	387.8K
REGRegency Centers	$29.6m	371.5K
COLDAmericold Realty Trust	$28.5m	1.82M
SUISUN Communities Inc	$27.7m	231.1K
JANJanus Living, Inc.	$27.2m	947.9K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
SPGSimon Property Group	−$148.3m	−663.1K
ETREntergy	−$112.3m	−977.7K
PEGPublic Service Enterprise Group	−$81.3m	−1.00M
EQIXEquinix	−$78.5m	−75.3K
OHIOmega Healthcare Investors Inc	−$59.2m	−1.24M
AESAES Corporation	−$58.4m	−3.98M
CMSCMS Energy	−$56.4m	−737.1K
LNGCheniere Energy, Inc.	−$53.8m	−225.0K
PLDPrologis	−$51.1m	−377.2K
WECWEC Energy Group	−$43.5m	−372.7K
WELLWelltower	−$37.0m	−163.2K
ORealty Income	−$36.8m	−594.4K
FRFirst Industrial Realty Trust Inc	−$33.6m	−548.6K
CWTCalifornia Water Service Group	−$29.4m	−647.5K
PSAPublic Storage	−$26.2m	−82.3K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
CWTCalifornia Water Service Group	$29.4m	647.5K
LAMRLamar Advertising Co	$15.8m	125.0K
CURBCurbline Properties Corp.	$3.6m	139.1K
CDPCopt Defense Properties	$3.3m	107.5K
LXPLXP Industrial Trust	$2.4m	51.2K

Real Estate67.6%
Utilities26.1%
Energy5.1%
Industrials0.8%
Consumer Discretionary0.4%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 16, 2013 to November 2, 2026	+9.2%	+14.1%	0.44	0.78	−40.6%	0.88
2018 onwardsJanuary 5, 2018 to November 2, 2026	+7.9%	+13.9%	0.33	0.66	−40.6%	0.91
Last three yearsNovember 3, 2023 to November 2, 2026	+13.5%	+21.8%	0.66	1.16	−11.7%	0.38
Last yearNovember 7, 2025 to November 2, 2026	+12.9%	+14.2%	0.68	0.84	−10.3%	0.05

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.