SEC Filing Summary: Form 13F-HR
Business Context and Reporting Period
This filing is a Form 13F Combination Report submitted by Cohen & Steers Capital Management Inc. for the quarter ended September 30, 2006. The report discloses equity holdings managed by the firm and includes data reported on behalf of one other manager, Houlihan Rovers, SA. The filing was signed by Robert Steers, Co-Chairman and Co-Chief Executive Officer, on November 14, 2006.
Key Financial Metrics
As a Form 13F filing, this document reports portfolio holdings rather than the operating financial performance (revenue, profit, cash flow) of the management firm itself. Key portfolio metrics include:
- Total Portfolio Value: $19,294,219,000 (approximately $19.3 billion).
- Total Number of Holdings: 245 securities.
- Asset Class Focus: The portfolio is heavily concentrated in Real Estate Investment Trusts (REITs), utilities, and select industrial and consumer companies.
- Largest Holdings by Value:
- Equity Office Properties ($1.15 billion)
- Equity Residential ($626.3 million)
- Vornado Realty Trust ($738.1 million)
- Simon Property Group ($591.5 million)
- Liberty Property Trust ($517.8 million)
Material Changes and Portfolio Composition
The filing provides a snapshot of holdings as of the period end and does not contain comparative data against the prior quarter to determine material changes in position size or turnover. The portfolio demonstrates a distinct specialization in real estate assets, with significant positions in apartment, office, retail, and healthcare REITs, alongside substantial utility holdings such as Duke Energy, Exelon, and Consolidated Edison.
Guidance, Risks, and Contingencies
This filing type does not contain management commentary, forward-looking guidance, or specific risk disclosures regarding the firm's operations. The report strictly lists securities held with voting authority (Sole, Shared, or None) and investment discretion. No unusual items or contingencies are disclosed in this text.
Investor Verification Checklist
- Verify the total portfolio value of $19.3 billion against the firm's total assets under management (AUM) to determine the percentage of AUM reported in this specific filing.
- Confirm the specific allocation percentages between REITs, utilities, and other sectors to assess concentration risk.
- Review the "Shared" voting authority entries to understand co-management arrangements or fund structures.
- Compare the top 10 holdings listed here with the firm's previous 13F filings to identify recent buying or selling activity.
- Note that this report excludes non-equity assets (e.g., bonds, cash, derivatives) which may constitute a portion of the firm's total managed assets.