Q4 2025 · 13F-HR
CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLCholdings as filed
Filed 2026-02-10 · accession 0001033984-26-000005
$6.81B
Reported value
97
Positions
2025-12-31
Period end
The Brief · CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC · Q4 2025
AI · grounded in 13F
CBRE Investment Management Listed Real Assets LLC reduced its position in WMB by 99.27%. The fund also trimmed holdings in O by 83.94% and EXR by 74.22%. On the buy side, the fund established a new position in CNP worth $39.75M and increased its stake in PSA by 479.28%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 95040Q104 | WELL | Welltower Inc. | $599.5M | 8.80% | 3,229,678 | Common | SOLE |
| 29444U700 | EQIX | Equinix Inc | $451.4M | 6.63% | 589,231 | Common | SOLE |
| 74340W103 | PLD | ProLogis Inc. | $274.7M | 4.03% | 2,152,183 | Common | SOLE |
| 828806109 | SPG | Simon Property Group Inc. | $238.8M | 3.51% | 1,290,039 | Common | SOLE |
| 925652109 | VICI | Vici Properties Inc. | $198.6M | 2.92% | 7,063,264 | Common | SOLE |
| 907818108 | UNP | Union Pacific Corp | $195.0M | 2.86% | 842,775 | Common | SOLE |
| 902653104 | UDR | UDR Inc. | $171.9M | 2.52% | 4,687,007 | Common | SOLE |
| 98389B100 | XEL | Xcel Energy Inc. | $171.7M | 2.52% | 2,324,667 | Common | SOLE |
| 29364G103 | ETR | Entergy Corp. | $163.5M | 2.40% | 1,769,115 | Common | SOLE |
| 744573106 | PEG | Public Service Enterprise Grou | $156.3M | 2.29% | 1,946,512 | Common | SOLE |
| 02665T306 | AMH | American Homes 4 Rent | $155.7M | 2.29% | 4,850,171 | Common | SOLE |
| 16411R208 | LNG | Cheniere Energy Inc. | $148.0M | 2.17% | 761,179 | Common | SOLE |
| 92276F100 | VTR | Ventas Inc. | $143.3M | 2.10% | 1,851,968 | Common | SOLE |
| 92939U106 | WEC | WEC Energy Group Inc. | $140.9M | 2.07% | 1,336,094 | Common | SOLE |
| 11120U105 | BRX | Brixmor Property Group | $140.0M | 2.06% | 5,341,006 | Common | SOLE |
| 03027X100 | AMT | American Tower Corp. | $138.5M | 2.03% | 788,920 | Common | SOLE |
| 32054K103 | FR | First Industrial Realty Trust | $134.3M | 1.97% | 2,345,292 | Common | SOLE |
| 85254J102 | STAG | STAG Industrial, Inc. | $133.2M | 1.96% | 3,622,812 | Common | SOLE |
| 758849103 | REG | Regency Centers Corporation | $129.7M | 1.90% | 1,879,365 | Common | SOLE |
| 277276101 | EGP | Eastgroup Properties | $126.7M | 1.86% | 711,109 | Common | SOLE |
| 229663109 | CUBE | CubeSmart | $125.1M | 1.84% | 3,469,724 | Common | SOLE |
| 69351T106 | PPL | PPL Corp. | $121.1M | 1.78% | 3,457,346 | Common | SOLE |
| 46284V101 | IRM | Iron Mountain Incorporated | $120.0M | 1.76% | 1,446,597 | Common | SOLE |
| 87612G101 | TRGP | Targa Resources Corp. | $115.1M | 1.69% | 623,930 | Common | SOLE |
| 00130H105 | AES | AES Corporation | $112.8M | 1.66% | 7,865,594 | Common | SOLE |
| 69331C108 | PCG | PG&E Corp. | $111.7M | 1.64% | 6,948,499 | Common | SOLE |
| 125896100 | CMS | CMS Energy Corporation | $103.6M | 1.52% | 1,480,908 | Common | SOLE |
| 681936100 | OHI | Omega Healthcare Investors | $98.6M | 1.45% | 2,222,799 | Common | SOLE |
| 670837103 | OGE | OGE Energy Corp. | $94.6M | 1.39% | 2,215,572 | Common | SOLE |
| 42250P103 | DOC | Healthpeak Properties Inc. | $91.6M | 1.34% | 5,696,889 | Common | SOLE |
| 049560105 | ATO | Atmos Energy Corp. | $88.7M | 1.30% | 529,421 | Common | SOLE |
| 74460D109 | PSA | Public Storage | $85.8M | 1.26% | 330,487 | Common | SOLE |
| 21037T109 | CEG | Constellation Energy Corp | $79.0M | 1.16% | 223,538 | Common | SOLE |
| 29670G102 | WTRG | Essential Utilities | $75.6M | 1.11% | 1,971,886 | Common | SOLE |
| 65339F101 | NEE | Nextera Energy Inc | $71.3M | 1.05% | 888,397 | Common | SOLE |
| 398182303 | AHR | American Healthcare REIT | $70.8M | 1.04% | 1,504,685 | Common | SOLE |
| 22822V101 | CCI | Crown Castle Inc | $63.1M | 0.93% | 709,609 | Common | SOLE |
| 929042109 | VNO | Vornado Realty Trust | $51.4M | 0.75% | 1,544,423 | Common | SOLE |
| 209115104 | ED | Consolidated Edison Inc. | $50.5M | 0.74% | 508,222 | Common | SOLE |
| 46187W107 | INVH | Invitation Homes Inc | $47.8M | 0.70% | 1,719,689 | Common | SOLE |
| 29670E107 | EPRT | Essential Properties Realty | $45.1M | 0.66% | 1,520,150 | Common | SOLE |
| 29476L107 | EQR | Equity Residential | $43.9M | 0.65% | 696,971 | Common | NONE |
| 30225T102 | EXR | Extra Space Storage Inc. | $43.0M | 0.63% | 330,346 | Common | SOLE |
| 101121101 | BXP | BXP Inc | $42.0M | 0.62% | 622,750 | Common | NONE |
| 15189T107 | CNP | CenterPoint Energy Inc. | $39.8M | 0.58% | 1,036,825 | Common | SOLE |
| 867892101 | SHO | Sunstone Hotel Investors Inc. | $39.2M | 0.58% | 4,381,967 | Common | SOLE |
| 253868103 | DLR | Digital Realty Trust Inc. | $38.5M | 0.56% | 248,682 | Common | NONE |
| 44107P104 | HST | Host Hotels & Resorts Inc. | $38.5M | 0.56% | 2,169,471 | Common | SOLE |
| 529043408 | LXP | LXP Industrial Trust | $36.8M | 0.54% | 741,884 | Common | SOLE |
| 875465106 | SKT | Tanger Inc. | $33.7M | 0.49% | 1,009,226 | Common | SOLE |
| 45378A106 | IRT | Independence Realty Trust Inc | $32.7M | 0.48% | 1,871,603 | Common | SOLE |
| 866674104 | SUI | Sun Communities Inc. | $32.5M | 0.48% | 262,148 | Common | SOLE |
| 130788102 | CWT | California Water Service Group | $31.3M | 0.46% | 722,345 | Common | SOLE |
| 053484101 | AVB | AvalonBay Communities Inc. | $30.1M | 0.44% | 165,953 | Common | SOLE |
| 133131102 | CPT | Camden Property Trust | $29.6M | 0.43% | 269,117 | Common | NONE |
| 22002T108 | CDP | COPT Defense Properties | $28.3M | 0.42% | 1,016,948 | Common | SOLE |
| 756109104 | O | Realty Income Corp | $25.7M | 0.38% | 455,409 | Common | NONE |
| 165303108 | CPK | Chesapeake Utilities Corporati | $25.2M | 0.37% | 202,264 | Common | SOLE |
| 222795502 | CUZ | Cousins Properties Inc. | $24.3M | 0.36% | 941,187 | Common | SOLE |
| 76169C100 | REXR | Rexford Industrial Realty, Inc | $23.3M | 0.34% | 603,046 | Common | SOLE |
| 374297109 | GTY | Getty Realty Corp. | $22.0M | 0.32% | 802,660 | Common | SOLE |
| 25746U109 | D | Dominion Energy Inc. | $21.6M | 0.32% | 369,494 | Common | SOLE |
| 682680103 | OKE | ONEOK Inc. | $21.5M | 0.32% | 292,800 | Common | SOLE |
| 18539C204 | CWEN | Clearway Energy Inc. Class C | $20.2M | 0.30% | 608,327 | Common | SOLE |
| 554489104 | VRE | Veris Residential Inc | $20.1M | 0.30% | 1,350,832 | Common | SOLE |
| 126408103 | CSX | CSX Corporation | $19.7M | 0.29% | 542,675 | Common | SOLE |
| 297178105 | ESS | Essex Property Trust Inc. | $16.8M | 0.25% | 64,350 | Common | NONE |
| 842587107 | SO | Southern Co. | $16.1M | 0.24% | 184,682 | Common | SOLE |
| 512816109 | LAMR | Lamar Advertising Co | $14.9M | 0.22% | 118,094 | Common | SOLE |
| G16252101 | BIP | Brookfield Infrastructure Part | $14.5M | 0.21% | 417,500 | Common | SOLE |
| 83192D402 | SMA | SmartStop Self Storage REIT In | $11.5M | 0.17% | 371,785 | Common | SOLE |
| 313745101 | FRT | Federal Realty Investment Trus | $10.7M | 0.16% | 105,726 | Common | SOLE |
| 43300A203 | HLT | Hilton Worldwide Holdings Inc. | $10.6M | 0.16% | 36,958 | Common | SOLE |
| 70509V704 | PEB 6.3 PERP F | Pebblebrook Hotel Trust | $10.3M | 0.15% | 541,950 | Common | SOLE |
| 03064D108 | COLD | Americold Realty Trust | $9.7M | 0.14% | 753,292 | Common | SOLE |
| 64119V303 | NTST | Netstreit Corp | $8.9M | 0.13% | 506,241 | Common | NONE |
| 637870106 | NSA | National Storage Affiliates Tr | $8.9M | 0.13% | 316,068 | Common | SOLE |
| 015271109 | ARE | Alexandria Real Estate Equitie | $8.7M | 0.13% | 178,107 | Common | SOLE |
| 700517105 | PK | Park Hotels & Resorts Inc | $8.4M | 0.12% | 800,659 | Common | SOLE |
| 65341B106 | XIFR | XPLR Infrastructure LP | $7.9M | 0.12% | 794,852 | Common | SOLE |
| 292104106 | ESRT | Empire State Realty Trust Inc. | $7.6M | 0.11% | 1,166,317 | Common | SOLE |
| 70509V605 | PEB 6.375 PERP E | Pebblebrook Hotel Trust | $7.3M | 0.11% | 383,644 | Common | SOLE |
| 720190206 | PDM | Piedmont Office Realty Trust I | $6.8M | 0.10% | 819,238 | Common | SOLE |
| 53566V106 | LINE | LINEAGE INC | $6.0M | 0.09% | 171,316 | Common | SOLE |
| 78410G104 | SBAC | SBA Communications Corp. | $5.0M | 0.07% | 26,051 | Common | SOLE |
| 15202L107 | CSR | Centerspace | $3.4M | 0.05% | 51,078 | Common | SOLE |
| 36467J108 | GLPI | Gaming and Leisure Properties | $3.0M | 0.04% | 66,279 | Common | NONE |
| 030420103 | AWK | American Water Works Co. | $2.8M | 0.04% | 21,430 | Common | NONE |
| 912932100 | UNIT | Uniti Group Inc | $2.7M | 0.04% | 380,042 | Common | SOLE |
| 29472R108 | ELS | Equity Lifestyle Properties | $2.3M | 0.03% | 38,295 | Common | SOLE |
| 11135E203 | BNL | Broadstone Net Lease Inc | $2.0M | 0.03% | 116,343 | Common | NONE |
| 571903202 | MAR | Marriott International Inc. | $1.6M | 0.02% | 5,285 | Common | SOLE |
| 962166104 | WY | Weyerhaeuser Co. | $1.6M | 0.02% | 66,277 | Common | SOLE |
| 655844108 | NSC | Norfolk Southern Corp | $819,387 | 0.01% | 2,838 | Common | SOLE |
| 969457100 | WMB | Williams Cos. | $782,813 | 0.01% | 13,023 | Common | SOLE |
| 023608102 | AEE | Ameren Corp. | $605,751 | 0.01% | 6,066 | Common | NONE |
| 30040W108 | ES | Eversource Energy | $224,680 | 0.00% | 3,337 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.