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Heitman Real Estate Securities LLC

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13F filer, CIK 1080117, Chicago, IL

Heitman Real Estate Securities LLC reported $1,543,562,595 across 54 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 55.23% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001140361-25-019207

Period
2025-03-31
Reported value
$1.54B
Holdings
54
Top 10 weight
55.23%
New
9
Sold out
9

Part of the filer group Heitman Real Estate Securities LLC

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AVBadded+309,663$66.5M
WELLadded+431,719$66.1M
PSAadded+153,689$46M
UDRnew+879,246$39.7M
VICInew+1,041,468$34M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
VMRKreduced-1,359,201-$97.3M
VTRreduced-815,499-$56.1M
ELSexited-779,274-$51.9M
FCPTexited-1,312,923-$35.6M
EXRreduced-189,410-$28.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001140361-25-019207, largest first. % of portfolio is the value over $1,543,562,595, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
WELLWELLTOWER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 616,148 shares; 2024Q4: 648,492 shares; 2025Q1: 1,080,211 shares 1,080,211$165M10.72%+431,719Timeline
PLDPROLOGIS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,191,519 shares; 2024Q4: 1,050,803 shares; 2025Q1: 1,143,642 shares 1,143,642$128M8.28%+92,839Timeline
PSAPUBLIC STORAGEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 117,194 shares; 2024Q4: 132,575 shares; 2025Q1: 286,264 shares 286,264$85.7M5.55%+153,689Timeline
EQIXEQUINIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 158,113 shares; 2024Q4: 136,911 shares; 2025Q1: 103,927 shares 103,927$84.7M5.49%-32,984Timeline
DLRDIGITAL RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 412,286 shares; 2024Q4: 518,506 shares; 2025Q1: 562,541 shares 562,541$80.6M5.22%+44,035Timeline
SPGSIMON PPTY GROUP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 452,323 shares; 2024Q4: 378,964 shares; 2025Q1: 478,044 shares 478,044$79.4M5.14%+99,080Timeline
AVBAVALONBAY CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 165,376 shares; 2024Q4: 6,982 shares; 2025Q1: 316,645 shares 316,645$68M4.4%+309,663Timeline
CPTCAMDEN PPTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 449,295 shares; 2024Q4: 521,008 shares; 2025Q1: 469,352 shares 469,352$57.4M3.72%-51,656Timeline
INVHINVITATION HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,294,973 shares; 2025Q1: 1,633,844 shares 1,633,844$56.9M3.69%+338,871Timeline
IRMIRON MTN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 610,200 shares; 2024Q4: 151,684 shares; 2025Q1: 540,037 shares 540,037$46.5M3.01%+388,353Timeline
REGREGENCY CTRS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 705,150 shares; 2025Q1: 560,161 shares 560,161$41.3M2.68%-144,989Timeline
EGPEASTGROUP PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 256,923 shares; 2024Q4: 239,122 shares; 2025Q1: 229,077 shares 229,077$40.4M2.61%-10,045Timeline
UDRUDR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,032,305 shares; 2024Q4: not reported; 2025Q1: 879,246 shares 879,246$39.7M2.57%newTimeline
STAGSTAG INDUSTRIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,063,909 shares; 2024Q4: 1,219,568 shares; 2025Q1: 1,072,896 shares 1,072,896$38.8M2.51%-146,672Timeline
ADCAGREE RLTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 750,308 shares; 2024Q4: 739,661 shares; 2025Q1: 500,292 shares 500,292$38.6M2.5%-239,369Timeline
OREALTY INCOME CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 393,737 shares; 2024Q4: 324,185 shares; 2025Q1: 638,957 shares 638,957$37.1M2.4%+314,772Timeline
AREALEXANDRIA REAL ESTATE EQ INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,789 shares; 2024Q4: 334,962 shares; 2025Q1: 396,705 shares 396,705$36.7M2.38%+61,743Timeline
VICIVICI PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 765,000 shares; 2024Q4: not reported; 2025Q1: 1,041,468 shares 1,041,468$34M2.2%newTimeline
SLGSL GREEN RLTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 155,281 shares; 2024Q4: not reported; 2025Q1: 586,524 shares 586,524$33.8M2.19%newTimeline
SUISUN CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 261,514 shares 261,514$33.6M2.18%newTimeline
EPRTESSENTIAL PPTYS RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,138,565 shares; 2024Q4: 1,445,088 shares; 2025Q1: 896,393 shares 896,393$29.3M1.9%-548,695Timeline
BNLBROADSTONE NET LEASE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,701,740 shares 1,701,740$29M1.88%newTimeline
CUZCOUSINS PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,118,808 shares; 2025Q1: 867,579 shares 867,579$25.6M1.66%-251,229Timeline
HSTHOST HOTELS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 255,715 shares; 2024Q4: 1,777,173 shares; 2025Q1: 1,720,921 shares 1,720,921$24.5M1.58%-56,252Timeline
UEURBAN EDGE PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,637,734 shares; 2024Q4: 1,184,787 shares; 2025Q1: 1,163,131 shares 1,163,131$22.1M1.43%-21,656Timeline
VTRVENTAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 983,350 shares; 2024Q4: 1,114,222 shares; 2025Q1: 298,723 shares 298,723$20.5M1.33%-815,499Timeline
AMTAMERICAN TOWER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 229,657 shares; 2024Q4: 98,634 shares; 2025Q1: 88,674 shares 88,674$19.3M1.25%-9,960Timeline
EXREXTRA SPACE STORAGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 454,594 shares; 2024Q4: 309,349 shares; 2025Q1: 119,939 shares 119,939$17.8M1.15%-189,410Timeline
LTCLTC PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,434 shares; 2024Q4: 529,541 shares; 2025Q1: 485,958 shares 485,958$17.2M1.12%-43,583Timeline
CTOCTO RLTY GROWTH INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 989,073 shares; 2024Q4: 885,372 shares; 2025Q1: 882,586 shares 882,586$17M1.1%-2,786Timeline
CUBECUBESMARTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 406,988 shares; 2024Q4: 665,471 shares; 2025Q1: 305,341 shares 305,341$13M0.84%-360,130Timeline
BRXBRIXMOR PPTY GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,198,672 shares; 2024Q4: not reported; 2025Q1: 437,447 shares 437,447$11.6M0.75%newTimeline
ESSESSEX PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 73,724 shares; 2024Q4: 31,342 shares; 2025Q1: 35,776 shares 35,776$11M0.71%+4,434Timeline
FVRFRONTVIEW REIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 814,650 shares; 2025Q1: 798,799 shares 798,799$10.2M0.66%-15,851Timeline
ESRTEMPIRE ST RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 118,271 shares; 2024Q4: 1,322,725 shares; 2025Q1: 1,303,119 shares 1,303,119$10.2M0.66%-19,606Timeline
DRHDIAMONDROCK HOSPITALITY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,285,489 shares 1,285,489$9.92M0.64%newTimeline
MPTMEDICAL PROPERTIES TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,055,619 shares; 2024Q4: 1,891,318 shares; 2025Q1: 1,106,733 shares 1,106,733$6.67M0.43%-784,585Timeline
SBACSBA COMMUNICATIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 54,354 shares; 2024Q4: 31,399 shares; 2025Q1: 25,992 shares 25,992$5.72M0.37%-5,407Timeline
DOCHEALTHPEAK PROPERTIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,022,208 shares; 2024Q4: 451,657 shares; 2025Q1: 221,931 shares 221,931$4.49M0.29%-229,726Timeline
CCICROWN CASTLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 33,859 shares 33,859$3.53M0.23%newTimeline
WYWEYERHAEUSER COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 109,938 shares; 2024Q4: 88,926 shares; 2025Q1: 88,405 shares 88,405$2.59M0.17%-521Timeline
WPCWP CAREY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 24,119 shares 24,119$1.52M0.1%newTimeline
EPR PPTYSEPR PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,147 shares; 2024Q4: 17,147 shares; 2025Q1: 17,147 shares 17,147$515K0.03%0
VMRKVIVMARK RESIDENTIALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 416,647 shares; 2024Q4: 1,365,388 shares; 2025Q1: 6,187 shares 6,187$443K0.03%-1,359,201Timeline
HRHEALTHCARE RLTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 67,954 shares; 2024Q4: 20,566 shares; 2025Q1: 20,566 shares 20,566$348K0.02%0Timeline
BXPBXP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 560,842 shares; 2024Q4: 4,387 shares; 2025Q1: 5,111 shares 5,111$343K0.02%+724Timeline
DEIDOUGLAS EMMETT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,497 shares; 2024Q4: 18,577 shares; 2025Q1: 21,461 shares 21,461$343K0.02%+2,884Timeline
TRNOTERRENO RLTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,921 shares; 2024Q4: 5,891 shares; 2025Q1: 5,355 shares 5,355$339K0.02%-536Timeline
SHOSUNSTONE HOTEL INVS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,238,002 shares; 2024Q4: 35,512 shares; 2025Q1: 35,512 shares 35,512$334K0.02%0Timeline
FRTFEDERAL RLTY INVT TR NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,875 shares; 2024Q4: 3,083 shares; 2025Q1: 3,406 shares 3,406$333K0.02%+323Timeline
REXRREXFORD INDL RLTY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,366 shares; 2024Q4: 8,487 shares; 2025Q1: 8,487 shares 8,487$332K0.02%0Timeline
AKRACADIA RLTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 54,040 shares; 2024Q4: 13,913 shares; 2025Q1: 15,480 shares 15,480$324K0.02%+1,567Timeline
PEBPEBBLEBROOK HOTEL TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 89,527 shares; 2024Q4: 25,968 shares; 2025Q1: 30,447 shares 30,447$308K0.02%+4,479Timeline
VNOVORNADO RLTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 994,446 shares; 2024Q4: 763,809 shares; 2025Q1: 8,296 shares 8,296$307K0.02%-755,513Timeline

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
ELSEQUITY LIFESTYLE PROPERTIES779,274$51.9Mshares
FCPTFOUR CORNERS PPTY TR INC1,312,923$35.6Mshares
RLJRLJ LODGING TR2,066,375$21.1Mshares
OUTFRONT MEDIA INCOUTFRONT MEDIA INC888,941$15.8Mshares
KRGKITE REALTY GROUP TRUST507,017$12.8Mshares
KIMKIMCO REALTY CORP478,279$11.2Mshares
AHRAMERICAN HEALTHCARE REIT INC196,157$5.57Mshares
PGREPARAMOUNT GROUP INC74,202$367Kshares
HPPHUDSON PAC PPTYS INC93,418$283Kshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001140361-25-019207 base2025-05-15acceptance time not in the bulk data set