DUFF & PHELPS INVESTMENT MANAGEMENT CO

Filed: 1/26/2026ACC: 0001140361-26-002362

📋 What this filing means

DUFF & PHELPS INVESTMENT MANAGEMENT CO filed this quarterly 13F‑HR report disclosing 146 equity positions with a total reported market value of $8.82B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

146

Positions

$8.82B

Total AUM (reported)

140.16M

Total Shares

Allocation by class

COMMON STOCK$3.64B41.3%

MASTER LTD PART$2.73B31.0%

REIT$2.40B27.2%

ADR$39.13M0.4%

ETF$10.03M0.1%

Portfolio Concentration

Top 3$1.25B14.2%

4–10$1.29B14.7%

11–25$1.93B21.8%

Rest$4.35B49.3%

Top 3 weight

14.2%

Top 10 weight

28.9%

Voting Authority Distribution

Total shares with voting rights: 140.16M

Sole

Full voting authority

96.68M

% of voting shares69.0%

Shared

Joint voting authority

15.60M

% of voting shares11.1%

None

No voting authority

27.89M

% of voting shares19.9%

Investment Discretion (by position count)

Sole75

Shared0

Other71

Dominant voting typeSole · 69.0% of voting shares

Institutional Holdings146

Rows:

WELLTOWER OP INC

OTR

Common Stock

Shares2.61M

TypeSH

Market value$484.38M

5.49%

Sole

773.55K

Shared

434.22K

None

1.40M

PROLOGIS INC

OTR

Common Stock

Shares3.16M

TypeSH

Market value$402.94M

4.57%

Sole

1.03M

Shared

572.49K

None

1.55M

EQUINIX INC

OTR

REIT

Shares478.33K

TypeSH

Market value$366.48M

4.15%

Sole

201.97K

Shared

70.66K

None

205.70K

DIGITAL RLTY TR INC

OTR

REIT

Shares1.54M

TypeSH

Market value$238.67M

2.71%

Sole

470.08K

Shared

252.85K

None

819.78K

VENTAS INC

OTR

Common Stock

Shares2.58M

TypeSH

Market value$199.35M

2.26%

Sole

748.15K

Shared

434.89K

None

1.39M

SEMPRA

OTR

Master Ltd Part

Shares2.09M

TypeSH

Market value$184.23M

2.09%

Sole

1.76M

Shared

231.21K

None

90.46K

XCEL ENERGY INC

OTR

Master Ltd Part

Shares2.35M

TypeSH

Market value$173.75M

1.97%

Sole

2.11M

Shared

176.04K

None

68.26K

AVALONBAY COMMUNTIES REIT

OTR

REIT

Shares940.07K

TypeSH

Market value$170.44M

1.93%

Sole

299.57K

Shared

168.54K

None

471.95K

NEXTERA ENERGY INC

OTR

Master Ltd Part

Shares2.07M

TypeSH

Market value$166.04M

1.88%

Sole

1.56M

Shared

365.27K

None

138.71K

SIMON PPTY INC

OTR

Common Stock

Shares877.69K

TypeSH

Market value$162.47M

1.84%

Sole

302.45K

Shared

165.55K

None

409.69K

AMERICAN TOWER CORP

OTR

REIT

Shares917.86K

TypeSH

Market value$161.15M

1.83%

Sole

520.83K

Shared

170.08K

None

226.95K

AMERICAN HOMES 4 R CL A

OTR

REIT

Shares4.56M

TypeSH

Market value$146.26M

1.66%

Sole

1.29M

Shared

817.45K

None

2.45M

CENTERPOINT ENERGY

OTR

Master Ltd Part

Shares3.81M

TypeSH

Market value$146.12M

1.66%

Sole

3.53M

Shared

196.16K

None

88.84K

ENTERGY CORP

OTR

Master Ltd Part

Shares1.58M

TypeSH

Market value$145.99M

1.65%

Sole

1.41M

Shared

123.45K

None

48.36K

IRON MOUNTAIN INC

OTR

REIT

Shares1.58M

TypeSH

Market value$131.10M

1.49%

Sole

527.91K

Shared

287.62K

None

764.92K

NISOURCE INC

OTR

Master Ltd Part

Shares3.11M

TypeSH

Market value$129.73M

1.47%

Sole

2.70M

Shared

290.65K

None

113.58K

FIRST IND REALTY TR

OTR

REIT

Shares2.18M

TypeSH

Market value$125.10M

1.42%

Sole

661.53K

Shared

425.20K

None

1.10M

EVERGY INC

OTR

Common Stock

Shares1.72M

TypeSH

Market value$124.39M

1.41%

Sole

1.51M

Shared

147.81K

None

57.03K

ALLIANT ENERGY CORP

OTR

Master Ltd Part

Shares1.90M

TypeSH

Market value$123.42M

1.40%

Sole

1.74M

Shared

111.52K

None

43.29K

AMEREN CORPORATION

SOLE

Common Stock

Shares1.20M

TypeSH

Market value$120.33M

1.36%

Sole

1.20M

Shared

0.00

None

0.00

MID-AMER APT CMNTYS REIT

OTR

REIT

Shares850.09K

TypeSH

Market value$118.09M

1.34%

Sole

305.10K

Shared

167.50K

None

377.50K

PUBLIC STORAGE REIT COMMON

OTR

REIT

Shares449.41K

TypeSH

Market value$116.62M

1.32%

Sole

145.28K

Shared

73.08K

None

231.04K

BRIXMOR PROPERTY G COM USD0.01

OTR

Common Stock

Shares4.43M

TypeSH

Market value$116.17M

1.32%

Sole

1.34M

Shared

836.36K

None

2.26M

WILLIAMS COS INC

OTR

Master Ltd Part

Shares1.87M

TypeSH

Market value$112.14M

1.27%

Sole

1.46M

Shared

292.88K

None

114.74K

ATMOS ENERGY CORP

OTR

Common Stock

Shares652.31K

TypeSH

Market value$109.35M

1.24%

Sole

607.95K

Shared

32.36K

None

12K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
WELLTOWER OP INCOTR	Common Stock	2.61M	SH	$484.38M 5.49%	773.55K	434.22K	1.40M
PROLOGIS INCOTR	Common Stock	3.16M	SH	$402.94M 4.57%	1.03M	572.49K	1.55M
EQUINIX INCOTR	REIT	478.33K	SH	$366.48M 4.15%	201.97K	70.66K	205.70K
DIGITAL RLTY TR INCOTR	REIT	1.54M	SH	$238.67M 2.71%	470.08K	252.85K	819.78K
VENTAS INCOTR	Common Stock	2.58M	SH	$199.35M 2.26%	748.15K	434.89K	1.39M
SEMPRAOTR	Master Ltd Part	2.09M	SH	$184.23M 2.09%	1.76M	231.21K	90.46K
XCEL ENERGY INCOTR	Master Ltd Part	2.35M	SH	$173.75M 1.97%	2.11M	176.04K	68.26K
AVALONBAY COMMUNTIES REITOTR	REIT	940.07K	SH	$170.44M 1.93%	299.57K	168.54K	471.95K
NEXTERA ENERGY INCOTR	Master Ltd Part	2.07M	SH	$166.04M 1.88%	1.56M	365.27K	138.71K
SIMON PPTY INCOTR	Common Stock	877.69K	SH	$162.47M 1.84%	302.45K	165.55K	409.69K
AMERICAN TOWER CORPOTR	REIT	917.86K	SH	$161.15M 1.83%	520.83K	170.08K	226.95K
AMERICAN HOMES 4 R CL AOTR	REIT	4.56M	SH	$146.26M 1.66%	1.29M	817.45K	2.45M
CENTERPOINT ENERGYOTR	Master Ltd Part	3.81M	SH	$146.12M 1.66%	3.53M	196.16K	88.84K
ENTERGY CORPOTR	Master Ltd Part	1.58M	SH	$145.99M 1.65%	1.41M	123.45K	48.36K
IRON MOUNTAIN INCOTR	REIT	1.58M	SH	$131.10M 1.49%	527.91K	287.62K	764.92K
NISOURCE INCOTR	Master Ltd Part	3.11M	SH	$129.73M 1.47%	2.70M	290.65K	113.58K
FIRST IND REALTY TROTR	REIT	2.18M	SH	$125.10M 1.42%	661.53K	425.20K	1.10M
EVERGY INCOTR	Common Stock	1.72M	SH	$124.39M 1.41%	1.51M	147.81K	57.03K
ALLIANT ENERGY CORPOTR	Master Ltd Part	1.90M	SH	$123.42M 1.40%	1.74M	111.52K	43.29K
AMEREN CORPORATIONSOLE	Common Stock	1.20M	SH	$120.33M 1.36%	1.20M	0.00	0.00
MID-AMER APT CMNTYS REITOTR	REIT	850.09K	SH	$118.09M 1.34%	305.10K	167.50K	377.50K
PUBLIC STORAGE REIT COMMONOTR	REIT	449.41K	SH	$116.62M 1.32%	145.28K	73.08K	231.04K
BRIXMOR PROPERTY G COM USD0.01OTR	Common Stock	4.43M	SH	$116.17M 1.32%	1.34M	836.36K	2.26M
WILLIAMS COS INCOTR	Master Ltd Part	1.87M	SH	$112.14M 1.27%	1.46M	292.88K	114.74K
ATMOS ENERGY CORPOTR	Common Stock	652.31K	SH	$109.35M 1.24%	607.95K	32.36K	12K

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