SEC Filing Summary: Cohen & Steers, Inc. (Form 13F)
Business Context and Reporting Period
Company: Cohen & Steers, Inc.
Filing Type: Form 13F Information Table (Quarterly Report of Institutional Investment Managers)
Reporting Period: The filing lists a period date of March 31, 2026. Note: This date appears to be a future date relative to current market timelines; investors should verify if this is a data entry error or a specific forward-looking filing context.
Business Activity: The filing details the equity securities held by the investment manager, reflecting a portfolio heavily weighted toward Real Estate Investment Trusts (REITs), infrastructure, energy, and select large-cap equities.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, and Cash Flow: This filing is a portfolio disclosure (Form 13F) and does not provide financial performance metrics such as revenue, net income, operating cash flow, or profit margins for Cohen & Steers, Inc. itself.
Debt and Liquidity: The filing does not provide data on the company's corporate debt levels, liquidity ratios, or balance sheet strength.
Portfolio Value: The table lists individual security holdings with values in dollars (Column 5) and share counts (Column 6). The total aggregate value of the reported portfolio is not explicitly summed in the provided text, though individual positions range from thousands to tens of millions of dollars.
Material Changes and Portfolio Highlights
As this is a snapshot of holdings without a comparative prior period table in the provided text, specific percentage changes cannot be calculated. However, the following material portfolio characteristics are evident:
- Real Estate Dominance: Significant positions in REITs including Welltower Inc. (35.8M shares), Prologis Inc. (23.3M shares), and Digital Realty Trust Inc. (28.2M shares).
- Infrastructure and Energy: Heavy allocation to energy infrastructure and utilities, including The Williams Companies Inc. (6.6M shares), NextEra Energy Inc. (6.9M shares), and Targa Resources Corp. (1.0M shares).
- Technology Exposure: Notable holdings in major tech firms such as NVIDIA Corporation (18,500 shares), Microsoft Corporation (5,200 shares), and Apple Inc. (12,000 shares), though these are smaller relative to the REIT positions.
- Voting Authority: The manager exercises "Sole" voting authority for the vast majority of holdings, with some "Shared" authority noted for specific positions.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are regulatory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: The filing does not discuss specific risks or contingencies. However, the concentration in real estate and infrastructure sectors implies exposure to interest rate fluctuations, property market cycles, and regulatory changes in the energy sector.
Unusual Items: The filing includes holdings in specialized funds and ETFs (e.g., Cohen & Steers Infrastructure Opp Etf, iShares Bitcoin Trust Etf), indicating a diversified approach beyond direct equity ownership.
Investor Verification Checklist
- Verify Reporting Date: Confirm the accuracy of the "2026 Mar 31" period date, as it appears to be in the future relative to standard current reporting cycles.
- Calculate Total AUM: Sum the "Value" column to determine the total assets under management reported in this specific filing.
- Compare to Prior Quarter: Obtain the previous Form 13F filing to calculate turnover rates and identify specific buy/sell activity in key REIT and energy positions.
- Check for Derivatives: Review the "Put/Call" column (Column 4) for any options activity; the provided text shows mostly "SH" (Shares) with no explicit Put/Call derivatives listed in the sample rows.
- Assess Concentration Risk: Analyze the percentage of the total portfolio held in the top 10 positions (e.g., Welltower, Prologis, Digital Realty) to assess concentration risk.