Security Capital Research & Management Inc 13F annual report
Security Capital Research & Management Inc is an investment fund managing more than $2.36 billion ran by Michael Heller. There are currently 42 companies in Mr. Heller’s portfolio. The largest investments include American Homes 4 Rent and Invitation Homes, together worth $427 million.
$2.36 billion Assets Under Management (AUM)
As of 7th October 2020, Security Capital Research & Management Inc’s top holding is 8,258,664 shares of American Homes 4 Rent currently worth over $222 million and making up 9.4% of the portfolio value.
Relative to the number of outstanding shares of American Homes 4 Rent, Security Capital Research & Management Inc owns more than approximately 0.1% of the company.
In addition, the fund holds 7,428,145 shares of Invitation Homes worth $204 million, whose value grew 19.3% in the past six months.
The third-largest holding is Apartment Invt Mgmt Co worth $181 million and the next is Equinix worth $171 million, with 243,230 shares owned.
Currently, Security Capital Research & Management Inc's portfolio is worth at least $2.36 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Security Capital Research & Management Inc
The Security Capital Research & Management Inc office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, Michael Heller serves as the Controller at Security Capital Research & Management Inc.
Recent trades
In the most recent 13F filing, Security Capital Research & Management Inc revealed that it had opened a new position in
UDR and bought 1,789,360 shares worth $66.9 million.
This means they effectively own approximately 0.1% of the company.
UDR makes up
6.2%
of the fund's Real Estate sector allocation and has decreased its share price by 29.0% in the past year.
The investment fund also strengthened its position in American Homes 4 Rent by buying
1,885,284 additional shares.
This makes their stake in American Homes 4 Rent total 8,258,664 shares worth $222 million.
American Homes 4 Rent soared 13.9% in the past year.
On the other hand, there are companies that Security Capital Research & Management Inc is getting rid of from its portfolio.
Security Capital Research & Management Inc closed its position in Vornado Rlty Tr on 14th August 2020.
It sold the previously owned 114,920 shares for $4.16 million.
Michael Heller also disclosed a decreased stake in Digital Rlty Tr Inc by approximately 0.1%.
This leaves the value of the investment at $139 million and 975,975 shares.
One of the largest hedge funds
The two most similar investment funds to Security Capital Research & Management Inc are South Texas Money Management Ltd and Cls Investments. They manage $2.37 billion and $2.37 billion respectively.
Michael Heller investment strategy
Security Capital Research & Management Inc’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Real Estate — making up 45.8% of
the total portfolio value.
The fund focuses on investments in the United States as
38.1% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
21% of the total holdings value.
On the other hand, small-cap stocks make up only 2.4% of the portfolio.
The average market cap of the portfolio companies is close to $18.2 billion.
The complete list of Security Capital Research & Management Inc trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| American Homes 4 Rent |
29.58%
8,258,664
|
$222,158,000 | 9.41% |
| Invitation Homes, Inc. |
436.79%
7,428,145
|
$204,497,000 | 8.66% |
| Apartment Invt Mgmt Co |
32.47%
4,817,693
|
$181,338,000 | 7.68% |
| Equinix, Inc. |
64.78%
243,230
|
$170,820,000 | 7.24% |
| Coresite Rlty Corp |
56.02%
1,352,040
|
$163,678,000 | 6.93% |
| Alexandria Real Estate Eq In |
41.98%
994,012
|
$161,278,000 | 6.83% |
| Digital Rlty Tr Inc |
4.52%
975,975
|
$138,696,000 | 5.87% |
| Avalonbay Cmntys Inc |
25.21%
862,258
|
$133,340,000 | 5.65% |
| Prologis, Inc. |
6.17%
1,372,358
|
$128,082,000 | 5.42% |
| Public Storage |
49.91%
401,053
|
$76,958,000 | 3.26% |
| UDR, Inc. |
Opened
1,789,360
|
$66,886,000 | 2.83% |
| Boston Pptys Ltd Partnership |
18.05%
682,170
|
$61,655,000 | 2.61% |
| Brandywine Rlty Tr |
26.42%
5,537,465
|
$60,303,000 | 2.55% |
| Camden Ppty Tr |
2,587.60%
629,570
|
$57,429,000 | 2.43% |
| Healthpeak Properties, Inc. |
14.75%
1,916,055
|
$52,806,000 | 2.24% |
| Vanguard Index Fds |
0.51%
533,200
|
$41,872,000 | 1.77% |
| Duke Realty Corp. |
40.13%
1,071,795
|
$37,931,000 | 1.61% |
| Welltower, Inc. |
49.21%
713,780
|
$36,938,000 | 1.56% |
| Equity Residential |
60.50%
615,837
|
$36,224,000 | 1.53% |
| Douglas Emmett, Inc. |
54.86%
1,112,023
|
$34,095,000 | 1.44% |
| Regency Ctrs Corp |
11.32%
680,070
|
$31,208,000 | 1.32% |
| VEREIT, Inc. |
Opened
4,791,870
|
$30,812,000 | 1.31% |
| CubeSmart |
60.51%
938,795
|
$25,338,000 | 1.07% |
| Cousins Pptys Inc |
160.59%
815,149
|
$24,316,000 | 1.03% |
| Federal Realty Invt Tr |
5.79%
283,915
|
$24,192,000 | 1.02% |
| Hudson Pac Pptys Inc |
60.72%
850,234
|
$21,392,000 | 0.91% |
| Ventas, Inc. |
9.67%
417,085
|
$15,274,000 | 0.65% |
| Ishares Tr |
82.76%
635,100
|
$13,261,000 | 0.56% |
| Columbia Ppty Tr Inc |
2,063.53%
965,475
|
$12,686,000 | 0.54% |
| Sl Green Rlty Corp |
83.42%
253,600
|
$12,500,000 | 0.53% |
| Extra Space Storage, Inc. |
15.79%
132,865
|
$12,273,000 | 0.52% |
| Vanguard Intl Equity Index F |
11.31%
244,250
|
$11,397,000 | 0.48% |
| Essex Ppty Tr Inc |
39.16%
47,995
|
$10,999,000 | 0.47% |
| Weingarten Rlty Invs |
48.55%
497,845
|
$9,424,000 | 0.40% |
| Sunstone Hotel Invs Inc New |
207.74%
990,760
|
$8,075,000 | 0.34% |
| Kilroy Rlty Corp |
3.05%
119,615
|
$7,021,000 | 0.30% |
| Life Storage, Inc. |
30.43%
73,735
|
$7,001,000 | 0.30% |
| Host Hotels Resorts Inc |
44.29%
584,410
|
$6,306,000 | 0.27% |
| Simon Ppty Group Inc New |
43.07%
77,375
|
$5,291,000 | 0.22% |
| Vornado Rlty Tr |
Closed
114,920
|
$4,161,000 | |
| Retail Pptys Amer Inc |
11.16%
468,575
|
$3,430,000 | 0.15% |
| Qts Rlty Tr Inc |
Closed
21,300
|
$2,738,000 | |
| Pebblebrook Hotel Tr |
6.21%
90,510
|
$1,236,000 | 0.05% |
| Taubman Ctrs Inc |
Opened
15,250
|
$576,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 44 holdings | |||
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