SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Cohen & Steers, Inc.
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended June 30, 2021
Context: This filing discloses the equity securities held by the investment manager as of the end of the reporting period. It details the issuer, class of security, CUSIP, value, and voting authority for each holding.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, and Cash Flow: The filing text does not provide a clear value for the company's revenue, profit, cash flow, or operating margins. Form 13F filings report portfolio holdings, not the operating financial results of the investment manager itself.
Debt and Liquidity: The filing text does not provide a clear value for the company's debt levels or liquidity position.
Portfolio Metrics: The table lists hundreds of individual equity positions. While a total portfolio value is not explicitly summed in the text, the holdings include significant positions in Real Estate Investment Trusts (REITs), energy infrastructure, and closed-end funds. Notable large-value holdings include Healthpeak Properties Inc. ($72,097,222), Host Hotels & Resorts Inc. ($88,644,098), and Duke Realty Corporation ($52,098,032).
Material Changes and Voting Authority
Comparison to Prior Period: The filing text does not provide a clear value for changes in holdings compared to the prior comparable period. Form 13F tables typically list current holdings without explicitly stating the delta from the previous quarter in the data rows.
Voting Authority: The manager reports "Sole" voting authority for the vast majority of holdings. Several large positions, such as American Tower Corporation, American Water Works, and Healthpeak Properties, report "Shared" voting authority (indicated by "1, 2" in the voting authority column), suggesting co-management or specific fund structures.
Guidance, Outlook, and Risks
Management Commentary: The filing text does not provide a clear value for management commentary, guidance, or outlook. This form is a statutory disclosure of holdings and does not contain narrative sections for forward-looking statements.
Risks and Contingencies: The filing text does not provide a clear value for specific risks or contingencies. The standard disclaimer notes that the SEC has not reviewed the information for accuracy or completeness.
Unusual Items: The portfolio contains a mix of common stocks, preferred stocks, and closed-end funds. There are no explicit unusual items flagged in the text, though the concentration in real estate and energy sectors is evident.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column, as the total is not explicitly stated in the text.
- Confirm the specific breakdown of "Shared" vs. "Sole" voting authority for the largest holdings to understand control dynamics.
- Cross-reference the holdings with the company's 10-Q or 10-K for the same period to obtain actual revenue, profit, and liquidity metrics for Cohen & Steers, Inc.
- Review the specific CUSIPs for any convertible securities or preferred shares to assess the risk profile of the income-generating portion of the portfolio.
- Check for any subsequent filings (13F-HR) that may have updated these positions for the following quarter.