CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC

RADNOR, PA · CIK 1033984 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 1995 · limited liability company

Assets managed$10.8bn
Staff60 · 30 in investment roles
Main clients (by assets)Mutual funds and ETFs 35%, State and local governments 22%, Private funds 21%
Websitecbreim.com
Form ADV · 2026-03-30SEC adviser record

Legal entityCBRE Investment Management Listed Real Assets LLC (US)
Part of CBRE Group, Inc. (US)

$7.2bn reported value +6.5% vs Q1 2026

101positions

38.2%in top 10

10 new 41 added 40 reduced 5 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

New York Life Investment Management LLC – files its own report too; $281.5m of shares are in both

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	WELLTOWER INC COM WELL	WELL	2,843,632	$645.4m8.98%	8.98%	Reduced -163.2k	-163,201 -5.4%
2	EQUINIX INC COM EQIX	EQIX	453,306	$472.5m6.58%	6.58%	Reduced -75.3k	-75,328 -14.2%
3	PROLOGIS INC. COM PLD	PLD	1,806,673	$244.7m3.41%	3.41%	Reduced -377.2k	-377,218 -17.3%
4	AMERICAN TOWER CORP NEW COM AMT	AMT	1,458,711	$238.6m3.32%	3.32%	Added +348.5k	+348,484 31.4%
5	XCEL ENERGY INC COM XEL	XEL	2,692,983	$216.2m3.01%	3.01%	Added +95.3k	+95,262 3.7%
6	AMERICAN ELEC PWR CO INC COM AEP	AEP	1,554,554	$212.7m2.96%	2.96%	Added +803.0k	+803,003 106.8%
7	PPL CORP COM PPL	PPL	5,283,738	$192.1m2.67%	2.67%	Added +664.1k	+664,061 14.4%
8	UDR INC COM UDR	UDR	4,581,042	$182.9m2.55%	2.55%	Added +2.0m	+2,045,036 80.6%
9	ATMOS ENERGY CORP COM ATO	ATO	999,550	$172.2m2.40%	2.40%	Added +241.6k	+241,597 31.9%
10	BRIXMOR PPTY GROUP INC COM BRX	BRX	5,329,837	$168.0m2.34%	2.34%	Added +414.1k	+414,110 8.4%
11	EASTGROUP PPTYS INC COM EGP	EGP	819,322	$165.9m2.31%	2.31%	Added +27.9k	+27,904 3.5%
12	EVERGY INC COM EVRG	EVRG	1,777,469	$153.6m2.14%	2.14%	Added +387.8k	+387,827 27.9%
13	EQUITY RESIDENTIAL SH BEN INT VMRK	VMRK	2,155,307	$146.4m2.04%	2.04%	Added +603.8k	+603,781 38.9%
14	VENTAS INC COM VTR	VTR	1,627,271	$144.5m2.01%	2.01%	Reduced -262.8k	-262,756 -13.9%
15	SOUTHERN CO COM SO	SO	1,496,314	$143.2m1.99%	1.99%	Added +751.2k	+751,187 100.8%
16	IRON MTN INC DEL COM IRM	IRM	1,072,881	$135.5m1.89%	1.89%	Reduced -165.0k	-165,034 -13.3%
17	VICI PPTYS INC COM VICI	VICI	5,101,362	$135.4m1.89%	1.89%	Reduced -245.2k	-245,189 -4.6%
18	CUBESMART COM CUBE	CUBE	3,359,278	$133.6m1.86%	1.86%	Added +265.0k	+264,987 8.6%
19	WILLIAMS COS INC COM WMB	WMB	1,760,590	$130.9m1.82%	1.82%	Added +1.7m	+1,744,263 10683.3%
20	REGENCY CTRS CORP COM REG	REG	1,636,814	$130.5m1.82%	1.82%	Added +371.5k	+371,457 29.4%
21	SIMON PPTY GROUP INC NEW COM SPG	SPG	546,521	$122.2m1.70%	1.70%	Reduced -663.1k	-663,064 -54.8%
22	PG&E CORP COM PCG	PCG	7,091,740	$119.3m1.66%	1.66%	Added +256.6k	+256,618 3.8%
23	AMERICAN HOMES 4 RENT CL A AMH	AMH	3,533,744	$118.5m1.65%	1.65%	Added +282.3k	+282,314 8.7%
24	WEC ENERGY GROUP INC COM WEC	WEC	1,003,363	$117.2m1.63%	1.63%	Reduced -372.7k	-372,688 -27.1%
25	CONSTELLATION ENERGY CORP COM CEG	CEG	467,440	$116.1m1.62%	1.62%	Added +52.4k	+52,402 12.6%
26	FIRST INDL RLTY TR INC COM FR	FR	1,679,978	$103.0m1.43%	1.43%	Reduced -548.6k	-548,598 -24.6%
27	STAG INDL INC COM STAG	STAG	2,640,424	$100.5m1.40%	1.40%	Reduced -530.2k	-530,195 -16.7%
28	PUBLIC SVC ENTERPRISE GRP IN COM PEG	PEG	1,199,814	$97.4m1.36%	1.36%	Reduced -1.0m	-1,001,342 -45.5%
29	SUN CMNTYS INC COM SUI	SUI	767,879	$92.1m1.28%	1.28%	Added +231.1k	+231,133 43.1%
30	OGE ENERGY CORP COM OGE	OGE	1,794,001	$87.3m1.22%	1.22%	Reduced -21.1k	-21,117 -1.2%
31	ESSENTIAL PPTYS RLTY TR INC COM EPRT	EPRT	2,842,370	$84.8m1.18%	1.18%	Added +639.0k	+639,024 29.0%
32	AMERICAN HEALTHCARE REIT INC COM SHS AHR	AHR	1,614,014	$84.2m1.17%	1.17%	Added +356.0k	+355,973 28.3%
33	CAMDEN PPTY TR SH BEN INT CPT	CPT	733,484	$84.0m1.17%	1.17%	Reduced -37.7k	-37,674 -4.9%
34	TARGA RES CORP COM TRGP	TRGP	313,028	$83.9m1.17%	1.17%	Reduced -22.9k	-22,885 -6.8%
35	RYMAN HOSPITALITY PPTYS INC COM RHP	RHP	624,149	$80.2m1.12%	1.12%	New
36	ONEOK INC NEW COM OKE	OKE	889,145	$77.3m1.08%	1.08%	Added +596.3k	+596,345 203.7%
37	CHENIERE ENERGY INC COM NEW LNG	LNG	284,701	$68.0m0.95%	0.95%	Reduced -225.0k	-224,989 -44.1%
38	GAMING & LEISURE PPTYS INC COM GLPI	GLPI	1,448,826	$64.5m0.90%	0.90%	Reduced -23.7k	-23,726 -1.6%
39	DIGITAL RLTY TR INC COM DLR	DLR	315,098	$56.6m0.79%	0.79%	Reduced -129.0k	-129,008 -29.1%
40	UNION PAC CORP COM UNP	UNP	201,852	$54.9m0.76%	0.76%	Added +65.9k	+65,852 48.4%
41	COUSINS PPTYS INC COM NEW CUZ	CUZ	1,636,218	$49.1m0.68%	0.68%	Added +426.3k	+426,303 35.2%
42	VORNADO RLTY TR SH BEN INT VNO	VNO	1,243,508	$48.9m0.68%	0.68%	Reduced -164.8k	-164,781 -11.7%
43	REALTY INCOME CORP COM O	O	758,362	$47.0m0.65%	0.65%	Reduced -594.4k	-594,418 -43.9%
44	CMS ENERGY CORP COM CMS	CMS	595,592	$45.6m0.63%	0.63%	Reduced -737.1k	-737,150 -55.3%
45	GETTY RLTY CORP NEW COM GTY	GTY	1,343,959	$44.8m0.62%	0.62%	Reduced -26.0k	-26,029 -1.9%
46	EXTRA SPACE STORAGE INC COM EXR	EXR	306,536	$44.5m0.62%	0.62%	Added +111.6k	+111,574 57.2%
47	PUBLIC STORAGE COM PSA	PSA	137,017	$43.6m0.61%	0.61%	Reduced -82.3k	-82,267 -37.5%
48	FEDERAL RLTY INVT TR NEW SH BEN INT NEW FRT	FRT	351,830	$43.4m0.60%	0.60%	Added +176.9k	+176,948 101.2%
49	JANUS LIVING INC CL A-1 JAN	JAN	1,475,823	$42.4m0.59%	0.59%	Added +947.9k	+947,883 179.5%
50	BLACKSTONE DIGITAL INFRASTRU COMMON STOCK BXDC	BXDC	1,931,832	$41.8m0.58%	0.58%	New
51	AMERICOLD REALTY TRUST INC COM COLD	COLD	2,416,480	$38.0m0.53%	0.53%	Added +1.8m	+1,816,083 302.5%
52	TANGER INC COM SKT	SKT	960,182	$37.9m0.53%	0.53%	Added +170.8k	+170,801 21.6%
53	ONE GAS INC COM OGS	OGS	483,805	$37.3m0.52%	0.52%	Added +112.5k	+112,471 30.3%
54	CHESAPEAKE UTILS CORP COM CPK	CPK	289,803	$35.5m0.49%	0.49%	Added +33.0k	+32,987 12.8%
55	HEALTHPEAK PROPERTIES INC COM DOC	DOC	1,447,136	$31.0m0.43%	0.43%	Reduced -1.1m	-1,096,073 -43.1%
56	SUNSTONE HOTEL INVS INC NEW COM SHO	SHO	2,648,664	$30.3m0.42%	0.42%	Reduced -1.3m	-1,313,040 -33.1%
57	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	91,607	$30.3m0.42%	0.42%	Added +8.8k	+8,811 10.6%
58	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	227,666	$30.0m0.42%	0.42%	Added +26.5k	+26,476 13.2%
59	AVALONBAY CMNTYS INC COM AVB	AVB	155,268	$29.3m0.41%	0.41%	Added +11.4k	+11,394 7.9%
60	ENTERGY CORP NEW COM ETR	ETR	254,243	$29.2m0.41%	0.41%	Reduced -977.7k	-977,722 -79.4%
61	CROWN CASTLE INC COM CCI	CCI	376,589	$28.5m0.40%	0.40%	Reduced -185.5k	-185,460 -33.0%
62	DOMINION ENERGY INC COM D	D	369,494	$25.2m0.35%	0.35%	Unchanged
63	MACERICH CO COM MAC	MAC	994,586	$25.1m0.35%	0.35%	New
64	OMEGA HEALTHCARE INVS INC COM OHI	OHI	518,884	$24.7m0.34%	0.34%	Reduced -1.2m	-1,241,498 -70.5%
65	INVENTRUST PPTYS CORP COM NEW IVT	IVT	687,891	$24.4m0.34%	0.34%	New
66	WP CAREY INC COM WPC	WPC	339,978	$24.3m0.34%	0.34%	New
67	EQUITY LIFESTYLE PPTYS INC COM ELS	ELS	341,635	$22.0m0.31%	0.31%	Added +48.9k	+48,919 16.7%
68	ESSEX PPTY TR INC COM ESS	ESS	70,478	$20.6m0.29%	0.29%	Added +9.8k	+9,793 16.1%
69	REXFORD INDL RLTY INC COM REXR	REXR	591,151	$19.8m0.28%	0.28%	Reduced -14.1k	-14,063 -2.3%
70	INVITATION HOMES INC COM INVH	INVH	648,788	$19.6m0.27%	0.27%	Added +213.3k	+213,350 49.0%
71	MID-AMER APT CMNTYS INC COM MAA	MAA	129,588	$18.0m0.25%	0.25%	Added +26	+26 0.0%
72	INDEPENDENCE RLTY TR INC COM IRT	IRT	791,922	$13.2m0.18%	0.18%	Reduced -76.9k	-76,926 -8.8%
73	EPR PPTYS COM SH BEN INT EPR	EPR	217,783	$12.6m0.18%	0.18%	Added +31.3k	+31,264 16.8%
74	HOST HOTELS & RESORTS INC COM HST	HST	475,268	$11.3m0.16%	0.16%	Reduced -406.3k	-406,312 -46.1%
75	BXP INC COM BXP	BXP	159,546	$10.6m0.15%	0.15%	Reduced -330.6k	-330,646 -67.5%
76	ESSENTIAL UTILS INC COM WTRG	WTRG	274,998	$10.5m0.15%	0.15%	Reduced -26.6k	-26,611 -8.8%
77	PEBBLEBROOK HOTEL TR 6.3 CUM PFD SR F PEB 6.3 PERP F	PEB 6.3 PERP F	541,950	$10.5m0.15%	0.15%	Unchanged
78	BROADSTONE NET LEASE INC COM BNL	BNL	489,275	$10.1m0.14%	0.14%	Reduced -181.0k	-181,043 -27.0%
79	ALEXANDRIA REAL ESTATE EQ IN COM ARE	ARE	178,107	$9.4m0.13%	0.13%	Unchanged
80	NEXTERA ENERGY PARTNERS LP COM UNIT PART IN XIFR	XIFR	794,852	$9.4m0.13%	0.13%	Unchanged
81	CENTERSPACE COM CSR	CSR	156,684	$8.8m0.12%	0.12%	Reduced -74.8k	-74,778 -32.3%
82	PEBBLEBROOK HOTEL TR 6.375 PFD SER E PEB 6.375 PERP E	PEB 6.375 PERP E	383,644	$7.5m0.10%	0.10%	Unchanged
83	LINEAGE INC COM LINE	LINE	171,316	$7.4m0.10%	0.10%	Unchanged
84	PIEDMONT OFFICE REALTY TR IN COM CL A PDM	PDM	778,322	$7.1m0.10%	0.10%	Added +16.2k	+16,201 2.1%
85	AES CORP COM AES	AES	417,193	$6.1m0.09%	0.09%	Reduced -4.0m	-3,981,868 -90.5%
86	NETSTREIT CORP COM NTST	NTST	271,274	$5.7m0.08%	0.08%	Unchanged
87	NATIONAL HEALTHCARE PPTYS IN COM CLASS A COM CLASS A		381,121	$5.6m0.08%	0.08%	New
88	KILROY RLTY CORP COM KRC	KRC	137,040	$5.1m0.07%	0.07%	New
89	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	24,384	$4.3m0.06%	0.06%	Unchanged
90	EMPIRE ST RLTY TR INC CL A ESRT	ESRT	687,840	$3.7m0.05%	0.05%	Unchanged
91	ALLIANT ENERGY CORP COM LNT	LNT	46,629	$3.6m0.05%	0.05%	New
92	AMEREN CORP COM AEE	AEE	30,698	$3.5m0.05%	0.05%	Added +23.4k	+23,419 321.7%
93	BROOKFIELD INFRAST PARTNERS LP INT UNIT BIP	BIP	50,000	$1.8m0.03%	0.03%	Reduced -260.5k	-260,500 -83.9%
94	URBAN EDGE PPTYS COM UE	UE	75,242	$1.7m0.02%	0.02%	New
95	NEXTERA ENERGY INC COM NEE	NEE	18,524	$1.6m0.02%	0.02%	Reduced -13.1k	-13,068 -41.4%
96	WEYERHAEUSER CO MTN BE COM NEW WY	WY	60,100	$1.4m0.02%	0.02%	Unchanged
97	CLEARWAY ENERGY INC CL C CWEN	CWEN	26,014	$889.2k0.01%	0.01%	New
98	MARRIOTT INTL INC NEW CL A MAR	MAR	1,973	$731.2k0.01%	0.01%	Reduced -819	-819 -29.3%
99	NORFOLK SOUTHN CORP COM NSC	NSC	2,310	$726.7k0.01%	0.01%	Reduced -58	-58 -2.5%
100	CENTERPOINT ENERGY INC COM CNP	CNP	7,252	$319.4k0.00%	0.00%	Reduced -137	-137 -1.9%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
CALIFORNIA WTR SVC GROUP CWT	CWT	647,515	$29.4m647.5k shares
LAMAR ADVERTISING CO NEW LAMR	LAMR	125,028	$15.8m125.0k shares
CURBLINE PPTYS CORP CURB	CURB	139,113	$3.6m139.1k shares
COPT DEFENSE PROPERTIES CDP	CDP	107,503	$3.3m107.5k shares
LXP INDUSTRIAL TRUST LXP	LXP	51,192	$2.4m51.2k shares