SEC Filing Summary: Form 13F-HR
Business Context and Reporting Period
Reporting Manager: Cohen & Steers Capital Management Inc.
Reporting Period: Quarter ended September 30, 2009.
Filing Date: November 13, 2009.
Report Type: 13F Combination Report (includes holdings reported by other managers, specifically Cohen & Steers Europe SA and Frank Russell Company).
Key Financial Metrics
Total Portfolio Value: $12,631,309,000 (approx. $12.63 billion).
Total Number of Holdings: 349 entries.
Asset Class Focus: The portfolio is heavily concentrated in Real Estate Investment Trusts (REITs), Utilities, and Closed-End Funds (CEFs), consistent with the firm's specialization in real assets and income strategies.
| Top 5 Holdings by Value | Value ($ Thousands) | Shares |
|---|---|---|
| Prologis Inc | 481,585 | 40,401,537 |
| Host Hotels & Resorts Inc | 330,964 | 28,119,393 |
| Simon Property Group Inc | 1,115,771 | 16,070,445 |
| Equity Residential | 444,303 | 14,472,432 |
| HCP Inc | 364,095 | 12,668,639 |
Material Changes and Portfolio Composition
Comparison to Prior Period: The filing text does not provide data for the prior quarter (June 30, 2009); therefore, specific material changes in holdings or value cannot be calculated from this document alone.
Portfolio Structure: The portfolio demonstrates significant exposure to the real estate sector, with major positions in developers and operators such as Prologis, Simon Property Group, and Equity Residential. There is also substantial allocation to utility companies (e.g., Duke Energy, Exelon) and high-yield/closed-end funds (e.g., Eaton Vance, BlackRock, PIMCO).
Outlook, Risks, and Contingencies
Management Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks: The concentration in real estate and high-yield fixed income suggests exposure to interest rate fluctuations and commercial real estate market cycles. The filing does not disclose specific risk mitigation strategies or contingencies.
Key Facts for Investor Verification
- Portfolio Size: Verify the total reported value of approximately $12.63 billion against the firm's total assets under management (AUM) to determine the scope of this specific reporting entity.
- Top Concentrations: Confirm the weight of the top 10 holdings, which appear to be dominated by REITs and large-cap utilities.
- Combination Reporting: Note that this is a combination report; some holdings may be managed by Cohen & Steers Europe SA or Frank Russell Company, requiring cross-referencing of their separate filings for a complete picture of the firm's total activity.
- Timing: The data reflects positions as of September 30, 2009, and does not reflect market movements or trading activity in the subsequent quarter.