13F HOLDINGS REPORT
DUFF & PHELPS INVESTMENT MANAGEMENT CO
Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0001140361-25-041885
Total Value
$8.82B
Positions
151
Other Managers
2
Confidential Omitted
No
Holdings (151)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | WELLTOWER OP INC | WELL | 2,504,032 | $446.1M | 5.06% |
| 2 | EQUINIX INC | EQIX | 436,765 | $342.1M | 3.88% |
| 3 | PROLOGIS INC | PLDGP | 2,971,984 | $340.4M | 3.86% |
| 4 | DIGITAL RLTY TR INC | 253868103 | 1,385,254 | $239.5M | 2.71% |
| 5 | SEMPRA | SREA | 2,143,205 | $192.8M | 2.19% |
| 6 | NEXTERA ENERGY INC | NEE-PW | 2,550,122 | $192.5M | 2.18% |
| 7 | XCEL ENERGY INC | XELLL | 2,357,297 | $190.1M | 2.16% |
| 8 | AMERICAN TOWER CORP | 03027X100 | 910,251 | $175.1M | 1.98% |
| 9 | AVALONBAY COMMUNTIES REIT | AWX | 899,849 | $173.8M | 1.97% |
| 10 | VENTAS INC | VTR | 2,413,537 | $168.9M | 1.91% |
| 11 | IRON MOUNTAIN INC | 46284V101 | 1,642,074 | $167.4M | 1.90% |
| 12 | SIMON PPTY INC | 828806109 | 817,943 | $153.5M | 1.74% |
| 13 | PUBLIC STORAGE REIT COMMON | PSA-PS | 508,821 | $147.0M | 1.67% |
| 14 | CENTERPOINT ENERGY | CNP | 3,728,380 | $144.7M | 1.64% |
| 15 | ENTERGY CORP | ENO | 1,533,052 | $142.9M | 1.62% |
| 16 | AMERICAN HOMES 4 R CL A | AMH-PG | 4,209,437 | $140.0M | 1.59% |
| 17 | EVERGY INC | EVRG | 1,819,402 | $138.3M | 1.57% |
| 18 | NISOURCE INC | NI | 3,122,073 | $135.2M | 1.53% |
| 19 | AMEREN CORPORATION | AEE | 1,252,421 | $130.7M | 1.48% |
| 20 | ALLIANT ENERGY CORP | LNT | 1,903,207 | $128.3M | 1.45% |
| 21 | DUKE ENERGY CORP | DUKB | 1,032,820 | $127.8M | 1.45% |
| 22 | ATMOS ENERGY CORP | ATO | 697,504 | $119.1M | 1.35% |
| 23 | WEC ENERGY GROUP INC | WEC | 1,028,768 | $117.9M | 1.34% |
| 24 | BRIXMOR PROPERTY G COM USD0.01 | 11120U105 | 4,162,701 | $115.2M | 1.31% |
| 25 | CROWN CASTLE INC | CCI | 1,194,047 | $115.2M | 1.31% |
| 26 | WILLIAMS COS INC | 969457100 | 1,801,290 | $114.1M | 1.29% |
| 27 | MID-AMER APT CMNTYS REIT | 59522J103 | 781,279 | $109.2M | 1.24% |
| 28 | SOUTHERN CO | SOMN | 1,151,486 | $109.1M | 1.24% |
| 29 | PPL CORP COM | PPLC | 2,931,810 | $108.9M | 1.24% |
| 30 | CMS ENERGY CORP | CMS-PC | 1,453,667 | $106.5M | 1.21% |
| 31 | DTE ENERGY CO | DTK | 727,542 | $102.9M | 1.17% |
| 32 | PUBLIC SVC ENTERPR | 744573106 | 1,182,505 | $98.7M | 1.12% |
| 33 | CHENIERE ENERGY INC | LNG | 410,089 | $96.4M | 1.09% |
| 34 | OGE ENERGY CORP | OGE | 2,068,714 | $95.7M | 1.09% |
| 35 | CUBESMART | CUBE | 2,339,974 | $95.1M | 1.08% |
| 36 | TRANSCANADA PIPELINE COM | TRPRF | 1,713,970 | $93.3M | 1.06% |
| 37 | MPLX LP | MPLXP | 1,837,479 | $91.8M | 1.04% |
| 38 | ESSENTIAL UTILITIES | 29670G102 | 2,202,525 | $87.9M | 1.00% |
| 39 | EQUITY LIFESTYLE PPT | 29472R108 | 1,443,843 | $87.6M | 0.99% |
| 40 | ESSENTIAL PPTYS RLTY REIT COM | 29670E107 | 2,934,243 | $87.3M | 0.99% |
| 41 | AT&T INC | T-PC | 3,079,500 | $87.0M | 0.99% |
| 42 | AMERN ELEC PWR INC | 025537101 | 762,162 | $85.7M | 0.97% |
| 43 | SPIRE INC COM USD1 | SRJN | 1,022,932 | $83.4M | 0.95% |
| 44 | ESSEX PPTY TR INC REIT | 297178105 | 304,446 | $81.5M | 0.92% |
| 45 | TARGA RESOURCES IN | TRGP | 478,031 | $80.1M | 0.91% |
| 46 | DOMINION ENERGY INC | D | 1,238,640 | $75.8M | 0.86% |
| 47 | FIRST IND REALTY TR | 32054K103 | 1,449,075 | $74.6M | 0.85% |
| 48 | KINDER MORGAN INC | EP-PC | 2,531,500 | $71.7M | 0.81% |
| 49 | AMERICAN WTR WKS CO | 030420103 | 486,212 | $67.7M | 0.77% |
| 50 | ENERGY TRANSFER L P COM UT LTD PTN | ET-PI | 3,903,464 | $67.0M | 0.76% |
| 51 | PG&E CORP | PCG-PX | 4,350,186 | $65.6M | 0.74% |
| 52 | ENBRIDGE INC | ENNPF | 1,254,913 | $63.3M | 0.72% |
| 53 | BXP INC | BXP | 828,949 | $61.6M | 0.70% |
| 54 | FIRSTENERGY CORP | FE | 1,304,500 | $59.8M | 0.68% |
| 55 | AGREE REALTY CORP | 008492100 | 838,570 | $59.6M | 0.68% |
| 56 | RYMAN HOSPITALITY | 78377T107 | 664,294 | $59.5M | 0.67% |
| 57 | VERIZON COMMUNICATIO | VZ | 1,339,489 | $58.9M | 0.67% |
| 58 | XYLEM INC | XYL | 398,243 | $58.7M | 0.67% |
| 59 | PHILLIPS EDISON & CO COM USD0.01 | PECO | 1,697,608 | $58.3M | 0.66% |
| 60 | ONEOK INC | OKE | 791,311 | $57.7M | 0.65% |
| 61 | PINNACLE WEST CAP | PNW | 624,930 | $56.0M | 0.64% |
| 62 | ENTERPRISE PRODS | 293792107 | 1,750,560 | $54.7M | 0.62% |
| 63 | VORNADO RLTY TR SH BEN INT REIT | 929042109 | 1,345,231 | $54.5M | 0.62% |
| 64 | COUSINS PPTYS INC | 222795502 | 1,813,313 | $52.5M | 0.59% |
| 65 | DT MIDSTREAM INC | DTM | 452,797 | $51.2M | 0.58% |
| 66 | FORTIS INC | FTRSF | 981,900 | $49.8M | 0.56% |
| 67 | REXFORD INDUSTRIAL COM USD0.01 | 76169C100 | 1,134,098 | $46.6M | 0.53% |
| 68 | ONE GAS INC | OGS | 576,000 | $46.6M | 0.53% |
| 69 | SABRA HEALTHCARE | SBRA | 2,472,988 | $46.1M | 0.52% |
| 70 | NORTHWEST NATURAL HL | 66765N105 | 940,470 | $42.3M | 0.48% |
| 71 | TELUS CORP | TU | 2,666,500 | $42.0M | 0.48% |
| 72 | GAMING&LEISURE PPTYS | 36467J108 | 873,202 | $40.7M | 0.46% |
| 73 | PEMBINA PIPELINE | PPLOF | 966,286 | $39.1M | 0.44% |
| 74 | KEYERA CORP | BEKE | 1,131,679 | $38.0M | 0.43% |
| 75 | ALEXANDRIA REAL ESTA REIT | 015271109 | 450,062 | $37.5M | 0.43% |
| 76 | VERALTO CORPORATION | VLTO | 344,881 | $36.8M | 0.42% |
| 77 | UNION PAC CORP | UNP | 153,928 | $36.4M | 0.41% |
| 78 | SMARTSTOP SELF STORA | 83192D402 | 959,547 | $36.1M | 0.41% |
| 79 | EVERSOURCE ENERGY | ES | 493,027 | $35.1M | 0.40% |
| 80 | COMPANHIA DE SANEAME ADR | SBS | 1,348,445 | $33.6M | 0.38% |
| 81 | CSX CORP | CSX | 892,552 | $31.7M | 0.36% |
| 82 | PLAINS ALL AMERN PIP UNIT | 726503105 | 1,856,900 | $31.7M | 0.36% |
| 83 | CDN NATL RAILWAY | 136375102 | 302,540 | $28.5M | 0.32% |
| 84 | BCE INC | BCPPF | 1,216,375 | $28.5M | 0.32% |
| 85 | CANADIAN PACIFIC KC | CP | 379,288 | $28.3M | 0.32% |
| 86 | PENTAIR PLC | PNR | 242,777 | $26.9M | 0.30% |
| 87 | ECOLAB INC | ECL | 92,844 | $25.4M | 0.29% |
| 88 | BLACK HILLS CORP | BKH | 389,700 | $24.0M | 0.27% |
| 89 | AMERICOLD RLTY TR | COLD | 1,724,098 | $21.1M | 0.24% |
| 90 | ADVANCED DRAINAGE COM USD0.01 | 00790R104 | 136,558 | $18.9M | 0.21% |
| 91 | VALMONT INDS INC | 920253101 | 47,917 | $18.6M | 0.21% |
| 92 | KIMCO REALTY CORP | 49446R109 | 839,451 | $18.3M | 0.21% |
| 93 | CORE & MAIN INC CLASS A COMMON STOCK | CNM | 336,909 | $18.1M | 0.21% |
| 94 | KODIAK GAS SERVICES | 50012A108 | 472,736 | $17.5M | 0.20% |
| 95 | MUELLER WTR PRODS | 624758108 | 559,811 | $14.3M | 0.16% |
| 96 | AECOM | ACM | 105,506 | $13.8M | 0.16% |
| 97 | SPDR SERIES TRUST PORTFOLIO INTERMEDIA | 78464A375 | 376,265 | $12.8M | 0.14% |
| 98 | GFL ENVIRONMENTAL IN SUB VTG SHS | GFL | 257,232 | $12.2M | 0.14% |
| 99 | VICI PPTYS INC COM | 925652109 | 369,133 | $12.0M | 0.14% |
| 100 | REALTY INCOME CORP | O | 185,746 | $11.3M | 0.13% |
| 101 | AMERICAN HEALTHCARE | AHR | 252,400 | $10.6M | 0.12% |
| 102 | STANTEC INC | STN | 92,683 | $10.0M | 0.11% |
| 103 | WATTS WATER TECH CLASS A | WTS | 34,621 | $9.7M | 0.11% |
| 104 | BADGER METER INC | BMI | 53,061 | $9.5M | 0.11% |
| 105 | FRANKLIN ELEC INC | FELE | 97,593 | $9.3M | 0.11% |
| 106 | TETRA TECH INC | TTEK | 269,216 | $9.0M | 0.10% |
| 107 | SBA COMMUNICATIONS COM USD0.01 CL A | SBAC | 46,402 | $9.0M | 0.10% |
| 108 | VODAFONE GRP PLC ADR | 92857W308 | 682,200 | $7.9M | 0.09% |
| 109 | IDEX CORP | 45167R104 | 45,641 | $7.4M | 0.08% |
| 110 | ZURN ELKAY WATER SOL | 98983L108 | 150,351 | $7.1M | 0.08% |
| 111 | THERMO FISHER SCI | TMO | 14,166 | $6.9M | 0.08% |
| 112 | EDISON INTL | 281020107 | 123,600 | $6.8M | 0.08% |
| 113 | DANAHER CORP | 235851102 | 29,432 | $5.8M | 0.07% |
| 114 | KEYERA CORP SUBSCRIPT RECEIPT | BEKE | 172,905 | $5.6M | 0.06% |
| 115 | WEYERHAEUSER CO | WY | 218,334 | $5.4M | 0.06% |
| 116 | WASTE MANAGEMENT INC | 94106L109 | 23,003 | $5.1M | 0.06% |
| 117 | HOST HOTELS & RESRTS REIT | HST | 296,029 | $5.0M | 0.06% |
| 118 | ENERGY RECOVERY INC | ERII | 308,006 | $4.7M | 0.05% |
| 119 | FIRST SOLAR | FSLR | 21,396 | $4.7M | 0.05% |
| 120 | SUNOCO LP/SUNOCO FIN COM UT REP LP | SUN | 91,000 | $4.6M | 0.05% |
| 121 | FERGUSON PLC ORD GBP0.10 | FERG | 19,508 | $4.4M | 0.05% |
| 122 | INVITATION HOMES | INVH | 131,626 | $3.9M | 0.04% |
| 123 | BLOOM ENERGY CORPOR CLASS A COMMON STOCK | BE | 34,390 | $2.9M | 0.03% |
| 124 | SPDR INDEX SHARES S&P GL NAT RES ETF | 78463X541 | 47,200 | $2.8M | 0.03% |
| 125 | EXTRA SPACE STORAGE REIT | EXR | 17,103 | $2.4M | 0.03% |
| 126 | GRUPO AEROPORTUARIO ADR | 400501102 | 23,000 | $2.4M | 0.03% |
| 127 | NEXTRACKER INC COM USD0.0001 CL A | NXT | 32,067 | $2.4M | 0.03% |
| 128 | VANECK ETF TRUST GOLD MINERS ETF | 92189F106 | 20,980 | $1.6M | 0.02% |
| 129 | KINETIK HOLDINGS INC CLASS A COMMON STOCK | KNTK | 35,578 | $1.5M | 0.02% |
| 130 | PLAINS GP HLDINGS LP CL A SHS LPI | PAGP | 77,618 | $1.4M | 0.02% |
| 131 | CLEARWAY ENERGY INC CL C COM STOCK $0.01 | CWEN-A | 49,977 | $1.4M | 0.02% |
| 132 | VIRTUS ETF TRUST II VIRTUS DUFF & PHELPS | 92790A702 | 57,575 | $1.4M | 0.02% |
| 133 | SCHWAB STRATEGIC T US TIPS ETF | 808524870 | 41,820 | $1.1M | 0.01% |
| 134 | TE CONNECTIVITY | TEL | 4,568 | $1.0M | 0.01% |
| 135 | ENPHASE ENERGY | ENPH | 28,254 | $999,909 | 0.01% |
| 136 | EASTGROUP PROPERTIES | 277276101 | 5,725 | $969,014 | 0.01% |
| 137 | ORMAT TECHNOLOGIES | ORA | 9,954 | $958,073 | 0.01% |
| 138 | CONSTELLATION ENERGY | CEG | 2,697 | $887,502 | 0.01% |
| 139 | CAMECO CORP | CCJ | 9,066 | $760,275 | 0.01% |
| 140 | INVESCO DB COMMODITY INDEX TRAC | IVZ | 32,594 | $734,343 | 0.01% |
| 141 | SUNRUN INC COM USD0.0001 | RUN | 41,419 | $716,135 | 0.01% |
| 142 | VALERO ENERGY CORP | VLO | 4,017 | $683,934 | 0.01% |
| 143 | SOLAREDGE TECHNOLO | SEDG | 16,129 | $596,773 | 0.01% |
| 144 | HUBBELL INCORPORATED | HUBB | 1,383 | $595,119 | 0.01% |
| 145 | INVESCO DB MULTI-SEC AGRICULTURE FD | IVZ | 20,125 | $538,545 | 0.01% |
| 146 | EQT CORP COM | EQT | 9,592 | $522,093 | 0.01% |
| 147 | MP MATERIALS CORP CLASS A COMMON STOCK | MP | 7,519 | $504,299 | 0.01% |
| 148 | GIBSON ENERGY | GBNXF | 23,895 | $444,275 | 0.01% |
| 149 | PLUG POWER INC | PLUG | 174,148 | $405,765 | 0.00% |
| 150 | GE VERNOVA INC | GEV | 533 | $327,742 | 0.00% |
| 151 | ARRAY TECHNOLOGIES | ARRY | 29,097 | $237,141 | 0.00% |