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 June 30, 2018
Context: This filing discloses the equity securities held by the investment manager at the end of the second quarter of 2018. It details the number of shares, market value, and voting authority for each position.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, and Cash Flow: The filing text does not provide a clear value for the company's own revenue, profit, or cash flow. Form 13F reports portfolio holdings, not the operating financials of the investment manager.
Portfolio Highlights (Selected Holdings by Value):
- Healthcare REITs: Significant positions in Healthcare Trust of America ($30.7M), Omega Healthcare Investors ($6.8M), and Sabra Healthcare Reit ($16.6M).
- Residential REITs: Major holdings in UDR Inc. ($36.3M), Invitation Homes ($27.4M), and American Campus Communities ($2.5M).
- Industrial/Logistics REITs: Prologis Inc. ($20.0M) and Digital Realty Trust ($13.4M).
- Energy/Midstream: Holdings include Kinder Morgan ($11.8M), Enterprise Products Partners ($2.3M), and Cheniere Energy ($2.2M).
- Equities: Positions in major corporations such as Microsoft ($316k), Apple ($59.7k), and Amazon ($1.0k).
Voting Authority: The manager reported "Sole" voting authority for the vast majority of positions. "Shared" authority was noted for specific holdings such as Agree Realty Corp., American Realty Capital Properties, and American Tower Corporation.
Material Changes
Comparison to Prior Period: The filing text does not provide a clear value for changes in holdings compared to the prior quarter (March 31, 2018). This document is a snapshot of holdings as of June 30, 2018, and does not include a comparative table of additions or deletions.
Guidance, Outlook, and Risks
Management Commentary: The filing text does not provide a clear value for management commentary, guidance, or outlook. Form 13F is a regulatory disclosure of holdings and does not contain narrative sections for forward-looking statements.
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 or completeness.
Investor Verification Checklist
- Verify the total aggregate market value of the portfolio by summing the "Value" column, as the filing does not provide a total summary figure.
- Confirm the specific breakdown of "Shared" vs. "Sole" voting authority for large positions to understand control dynamics.
- Cross-reference the CUSIP numbers with the issuer names to ensure accurate identification of specific share classes (e.g., Common vs. Preferred).
- Review the company's 10-Q or 10-K for the same period to obtain actual revenue, profit, and cash flow data for Cohen & Steers, Inc.