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 December 31, 2019
Context: This filing discloses the equity securities held by Cohen & Steers, Inc. as a registered investment manager. The table lists individual holdings, share counts, and voting authority but does not contain consolidated financial statements for the firm itself.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these metrics. Form 13F is a disclosure of holdings, not a financial performance report.
Portfolio Highlights (Selected Holdings by Value):
- Real Estate & REITs: Significant positions in VICI Properties Inc. ($49,187,783), UDR Inc. ($41,379,481), Welltower Inc. ($23,378,118), and Prologis Inc. ($19,907,628).
- Energy & Midstream: Major holdings in Kinder Morgan Inc. ($9,996,040), Energy Transfer LP ($6,319,500), and Enterprise Products Partners ($3,115,145).
- Technology & Infrastructure: Notable positions in Equinix Inc. ($3,579,546) and American Tower Corporation ($9,031,127).
- Financials & Closed-End Funds: Diverse holdings in BlackRock, Nuveen, and Eaton Vance funds, alongside direct equity in JPMorgan Chase & Co. and Bank of America Corporation.
Material Changes and Voting Authority
Comparison to Prior Period: The filing text does not provide a clear value for changes versus the prior comparable period. This specific document contains only the snapshot of holdings for the current quarter.
Voting Authority: Cohen & Steers, Inc. reported "Sole" voting authority for the vast majority of listed securities. For several large positions (e.g., Agree Realty, American Tower, Invitation Homes), the firm reported "Shared" voting authority, indicating co-management or specific contractual arrangements for those specific shares.
Guidance, Outlook, and Risks
Management Commentary: The filing text does not provide a clear value for guidance, outlook, or management commentary. Form 13F is a regulatory data table and does not include narrative sections.
Risks and Contingencies: No specific risks or contingencies are detailed in this filing. The standard SEC disclaimer notes that the Commission has not reviewed the information for accuracy.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column, as the filing does not provide a total portfolio value summary.
- Confirm the specific breakdown of "Shared" vs. "Sole" voting authority for top 10 holdings to understand control dynamics.
- Cross-reference the "Value" column with market prices as of December 31, 2019, to validate the reported valuation of large positions like VICI Properties and UDR.
- Review subsequent 13F filings to determine if these positions were maintained, increased, or liquidated in the following quarter.
- Note that this filing reflects holdings managed by the firm, not necessarily the firm's own balance sheet assets.