CENTERSQUARE INVESTMENT MANAGEMENT LLC

CIK 0001725296 · Q1 2026

13F Equity AUM

$9.7B

-4.5% QoQ

Positions

-2 QoQ

AUM Rank

#657

Top 5%

Skill Alpha (FF)

-4.8%/yr^ns

No Clear Edge

Rank #7,338 · Top 89%

vs S&P -12.2%/yr (unadj.)

Quarters Tracked

~8 years

Portfolio Concentration

Top 5: 38.3%Top 10: 54.0%Top 20: 76.4%

WELL10.7%

PLD8.5%

EQIX8.3%

FQI5.7%

VEN5.0%

EXR3.4%

PSA3.4%

BRX3.3%

UDR2.9%

SPG2.7%

Others (69)46.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Real Estate98.6%

Other1.4%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 79Median: 0.50%Avg: 1.27%

0–0.5%

40(6.3%)

0.5–1%

13(9.4%)

1–3%

18(36.0%)

3–5%

3(10.1%)

5%+

5(38.3%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 79Unique: 0vs 20 funds

1.1%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

MORGAN STANLEY

1.5%

VANGUARD CAPITAL MANAGEMENT LLC

2.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

2.8%

BANK OF AMERICA CORP /DE/

1.7%

STATE STREET CORP

2.3%

GEODE CAPITAL MANAGEMENT, LLC

2.2%

JPMORGAN CHASE & CO

1.6%

FMR LLC

2.5%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New4Increased22Decreased52Exited6

New Positions

CUBE0.6%

+1.6M

Janus Living Inc0.5%

+2.0M

WPC0.0%

+10K

LTC0.0%

+6K

Increased

FR2.6%

+1.7M(+63%)

IRT0.2%

+1.5M(+1914%)

SBC0.8%

+1.2M(+46%)

LXP0.6%

+1.2M(+1831%)

MAC1.4%

+920K(+14%)

INVH1.9%

+897K(+14%)

VICI1.3%

+537K(+13%)

MAA0.8%

+461K(+289%)

HR1.1%

+458K(+8%)

VNO0.9%

+426K(+14%)

Decreased

DOC0.1%

-4,882,252(-93%)

DEI0.0%

-2,499,700(-98%)

KIM2.4%

-2,404,109(-19%)

CUZ0.9%

-1,991,941(-34%)

BXP0.0%

-1,721,686(-99%)

DRH0.6%

-1,343,924(-17%)

BRX3.3%

-1,313,459(-11%)

EQR0.7%

-1,083,676(-48%)

BNLEUR0.5%

-1,080,996(-29%)

UDR2.9%

-1,019,357(-11%)

Exited

-1,779,010

-332,956

-127,246

-39,320

-52,000

-40,594

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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