13F
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AEW CAPITAL MANAGEMENT L P

13F equity value
$1.4B
Positions
40
Top 10 concentration
70.1%
Quarters / total new picks
27 / 79
13F equity value over time
$0M$2B$4B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 27 quarters, returned +2.5% per quarter — versus +3.0% per quarter from simply owning every 13F stock. It beat that baseline in only 51.9% of quarters (excess t = -1.20, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-3.3%
t-stat
-1.20
Quarterly win rate
52%
Annualized excess
-2.8%
$1 → follow vs universe
$1.73 vs $2.04
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320181231: universe 0.99220190331: universe 0.97520200331: universe 1.17520200630: universe 1.29820200930: universe 1.59220201231: universe 1.66520210331: universe 1.68020210630: universe 1.81420210930: universe 1.62820211231: universe 1.38620220331: universe 1.48820220630: universe 1.37820220930: universe 1.48120221231: universe 1.37520230331: universe 1.44920231231: universe 1.51420240331: universe 1.54820240630: universe 1.68820240930: universe 1.67420241231: universe 1.56220250331: universe 1.70320250630: universe 1.75720250930: universe 1.97520251231: universe 2.044 20180331: follow 1.11420180630: follow 1.11720180930: follow 1.20520181231: follow 1.25920190331: follow 1.16920200331: follow 1.27520200630: follow 1.37620200930: follow 1.46320201231: follow 1.68320210331: follow 1.80720210630: follow 2.06320210930: follow 2.08520211231: follow 1.66820220331: follow 1.52020220630: follow 1.31820220930: follow 1.37620221231: follow 1.22920230331: follow 1.31620231231: follow 1.32520240331: follow 1.47420240630: follow 1.65720240930: follow 1.49920241231: follow 1.52120250331: follow 1.41820250630: follow 1.55920250930: follow 1.61220251231: follow 1.727 0.88 1.57 2.25 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 40 · 2026 Q1

Ticker Value Weight QoQ
WELL $210M
15.3%
ADD
PLD $130M
9.4%
HOLD
EQIX $109M
7.9%
TRIM
AVB $86M
6.2%
TRIM
DLR $83M
6.0%
TRIM
CUBE $78M
5.6%
ADD
ESS $72M
5.3%
ADD
SPG $72M
5.2%
TRIM
BRX $64M
4.6%
TRIM
O $62M
4.5%
TRIM
VICI $61M
4.4%
NEW
BNL $55M
4.0%
TRIM
HIW $48M
3.5%
TRIM
AMH $46M
3.4%
TRIM
CURB $46M
3.3%
ADD
LXP $34M
2.5%
TRIM
PSA $30M
2.2%
TRIM
PEB $20M
1.5%
NEW
REXR $13M
0.9%
ADD
EQR $11M
0.8%
TRIM

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

AHRPEBVICI

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.