SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Cohen & Steers, Inc.
Filing Type: Form 13F Information Table (Schedule of Holdings)
Reporting Period: Quarter ended December 31, 2023
Context: This filing discloses the equity securities held by Cohen & Steers, Inc. at the end of the reporting period. As a Form 13F, it details the issuer, title of class, CUSIP, value, and voting authority for each holding. It does not contain the company's own financial performance metrics (revenue, profit, cash flow) but rather its investment portfolio composition.
Key Financial Metrics and Portfolio Composition
The filing lists hundreds of individual holdings. Key portfolio characteristics include:
- Asset Class Focus: The portfolio is heavily weighted toward Real Estate Investment Trusts (REITs), Energy Infrastructure (MLPs), and Preferred Securities.
- Top Holdings by Value (Selected):
- Healthcare Realty Trust Inc.: $64,169,086
- Invitation Homes Inc.: $80,498,790
- Welltower Inc.: $40,846,208
- Realty Income Corporation: $42,341,746
- Prologis Inc.: $30,598,055
- Simon Property Group Inc.: $22,973,119
- Iron Mountain Incorporated: $22,475,614
- Digital Realty Trust Inc.: $22,464,150
- Host Hotels & Resorts Inc.: $21,558,627
- Medical Properties Trust Inc.: $23,226,346
- Preferred Securities: Significant holdings in preferred stocks and closed-end funds, including Invesco Preferred ETF ($6,707,643) and iShares U.S. Preferred Stock ETF ($5,541,190).
- Voting Authority: The majority of holdings are reported with "Sole" voting authority. Several large positions (e.g., Invitation Homes, Welltower, Prologis) show split voting authority between "Sole" and "Shared."
Material Changes Versus Prior Period
Not Applicable: This filing is a snapshot of holdings as of December 31, 2023. The provided text does not contain comparative data from the prior quarter (September 30, 2023) or year-over-year changes. Therefore, material changes in position size or new/removed holdings cannot be determined from this document alone.
Guidance, Outlook, and Risks
Not Applicable: Form 13F filings are regulatory disclosures of holdings and do not contain management commentary, forward-looking guidance, risk factors, or contingency plans. The text includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Portfolio Concentration: Verify the total aggregate value of the portfolio to assess concentration risk in the REIT and Energy sectors.
- Voting Rights: Review the "Shared" voting authority columns for major holdings (e.g., Invitation Homes, Welltower) to understand potential co-investment structures or fund-of-fund arrangements.
- Preferred Exposure: Confirm the total exposure to preferred securities and closed-end funds, which may have different liquidity and dividend characteristics than common equity.
- Derivatives: Note the presence of warrants (e.g., Net Power Inc. warrant) and verify if other derivative instruments are disclosed in separate schedules not included in this text.
- Valuation Timing: Ensure the "Value" column reflects the fair market value as of the last trading day of the quarter (December 29, 2023, or December 31, 2023).