13F Insight
DOSSIER · 13F-HR · Q1 2026

AEW CAPITAL MANAGEMENT L P

$1.4B in tracked AUM across 78 positions as of Q1 2026.

AC
CIK 0001046187 · last filed Mar 31, 2026
Total AUM
$1.4B
as of Q1 2026
Holdings
78
—
positions
Whale Score
65
65
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 2026

Comprehensive Analysis of AEW Capital Management L.P. SEC 13F Filing Report Period: Q3 2025

1. Portfolio Overview

AEW Capital Management L.P. reported a significant contraction in its 13F portfolio for the quarter ending September 30, 2025. The total portfolio value decreased by 44.9%, dropping from $1.90 billion to $1.05 billion. This reduction is not solely attributable to market performance but indicates a substantial deleveraging or capital reallocation strategy, evi...

The portfolio is highly concentrated, with the top 10 holdings accounting for approximately 88.8% of the total assets. The strategy appears focused on a high-conviction, select approach to real estate investment trusts (REITs), with very little exposure to other sectors. The turnover rate was exceptionally high this quarter, with the firm liquidating nearly one-third of its reported holdings (24 exits) and reducing stakes in 16 others, while initiating only one new position.

2. Key Holdings

The portfolio is anchored by "Tier 1" real estate operators, specifically focusing on data centers, logistics, residential, and healthcare sectors. The top five positions dominate the portfolio construction:

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
WELL
WELLTOWER INC
$210M1.1M15.3%02
PLD
PROLOGIS INC.
$130M985K9.4%03
EQIX
EQUINIX INC
$109M111K7.9%04
AVB
AVALONBAY CMNTYS INC
$86M525K6.2%05
DLR
DIGITAL RLTY TR INC
$83M459K6.0%06
CUBE
CUBESMART
$78M2.1M5.6%07
ESS
ESSEX PPTY TR INC
$72M299K5.2%08
SPG
SIMON PPTY GROUP INC NEW
$72M386K5.2%09
BRX
BRIXMOR PPTY GROUP INC
$64M2.2M4.6%10
O
REALTY INCOME CORP
$62M1.0M4.5%

Filing history

2026Q1Mar 31
$1.4B▼ 0.3%
78 positionsView →2025Q4Dec 31
$1.4B▲ 32.1%
73 positionsView →2025Q3Sep 30
$1.0B▼ 44.9%
49 positionsView →2025Q2Jun 30
$1.9B▼ 7.1%
92 positionsLocked2025Q1Mar 31
$2.0B▼ 1.1%
91 positionsLocked2024Q4Dec 31
$2.1B▼ 11.0%
88 positionsLocked2024Q3Sep 30
$2.3B▲ 12.4%
93 positionsLocked2024Q2Jun 30
$2.1B▲ 0.8%
45 positionsLocked2024Q1Mar 31
$2.1B▼ 25.3%
46 positionsLocked2023Q4Dec 31
$2.7B▲ 14.9%
47 positionsLocked2023Q3Sep 30
$2.4B▼ 8.0%
44 positionsLocked2023Q2Jun 30
$2.6B▼ 2.9%
46 positionsLocked
Showing 12 of 50