SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Cohen & Steers, Inc.
Filing Type: Form 13F Information Table (Quarterly Report of Holdings)
Reporting Period: Ended March 31, 2022
Context: This filing discloses the equity securities held by the investment manager at the end of the first quarter of 2022. It details the number of shares, value, and voting authority for each position.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, and Cash Flow: The filing text does not provide revenue, profit, cash flow, or margin data for Cohen & Steers, Inc. Form 13F filings report portfolio holdings, not the operating financial results of the investment manager.
Portfolio Highlights (Selected Holdings by Value):
- Healthcare REITs: Significant positions in Welltower Inc. ($35,199,497), Healthpeak Properties Inc. ($61,472,482), and Healthcare Trust of America ($25,711,335).
- Residential REITs: Major holdings in Invitation Homes Inc. ($74,757,155), UDR Inc. ($39,580,098), and American Homes 4 Rent ($180,122).
- Industrial/Logistics REITs: Prologis Inc. ($18,488,000), Duke Realty Corporation ($50,145,167), and DigitalBridge Group Inc ($18,908,648).
- Retail REITs: Simon Property Group Inc. ($22,256,444), Realty Income Corporation ($32,005,017), and Kimco Realty Corporation ($41,099,820).
- Energy/Midstream: Holdings include Cheniere Energy Inc. ($1,432,918), Energy Transfer LP ($2,730,449), and Plains All American Pipeline LP ($2,302,750).
- Technology: Positions in Microsoft Corporation ($6,405), Apple Inc. ($11,155), and NVIDIA Corporation ($2,019).
Liquidity and Debt: The filing text does not provide data on the company's debt levels or liquidity ratios.
Material Changes and Voting Authority
Voting Authority: The manager reported "Sole" voting authority for the vast majority of positions. Several large positions (e.g., American Tower, Invitation Homes, Welltower) reported "Shared" voting authority, indicating the manager shares voting rights with other parties for those specific holdings.
Comparative Analysis: The filing text does not provide data for the prior comparable period (December 31, 2021). Therefore, material changes in holdings, additions, or deletions cannot be calculated from this document alone.
Guidance, Outlook, and Risks
Management Commentary: This filing contains no management commentary, forward-looking guidance, or outlook statements.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. No specific risk factors or contingencies are detailed in the text.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column, as the filing lists individual positions but does not explicitly state the total portfolio value in the text provided.
- Confirm the "Shared" voting authority positions to understand potential conflicts or co-investment structures.
- Compare these holdings against the Q4 2021 13F filing to identify significant sector rotations (e.g., shifts between Residential, Healthcare, and Retail REITs).
- Review the company's 10-Q or 10-K for the period ended March 31, 2022, to obtain actual revenue, profit, and cash flow metrics which are absent in this 13F filing.