PROLOGIS INC.

Prologis Inc (ticker PLD, CUSIP 74340W103) is the world's largest logistics real estate investment trust, with approximately 1.2 billion square feet of high-throughput warehouse and distribution facilities across 19 countries, concentrated in key gateway markets that underpin global e-commerce, cold-chain, and last-mile supply chains. It is classified here in the Utilities sector — a classification mismatch; Prologis is a REIT and is regulated under the fiscal REIT regime, with Utilities being an artifact of 13F-sector taxonomy conventions. In Q2 2026, twelve institutions reported a robust $62.63M in aggregate PLD positions — the second-largest stock batch absolute in this 30-title cohort after ECL ($95M). Eastern Bank dominates entirely: its 388,922 shares at $52.69M represent 84.1% of the reported institutional base. Eastern added 20,159 shares during the quarter, from 368,763 to 388,922, producing a $3.94M value appreciation — the largest single-holder value increase in this entire batch. This level of dominance, coupled with a large absolute addition, makes PLD effectively a one-institution story in the 13F universe captured here. Offset Eastern's conviction add, five smaller institutions participated constructively: SWP Investment Management added 1,100 shares (+$242K), Adelphi Trust added 247 shares (+$40K), Versant Capital added 213 shares (+$34K), First County Bank trimmed 60 shares (-$2.5K), and CX added 440 shares (+$75). MassMutual trimmed 631 shares (-$32K). The larger reading is uniform accumulation, with the one institution that matters most (Eastern Bank) significantly enlarging its position.