13F HOLDINGS REPORT
DUFF & PHELPS INVESTMENT MANAGEMENT CO
Quarter ended Q4 2025 · Filed January 26, 2026 · Accession 0001140361-26-002362
Total Value
$8.82B
Positions
146
Other Managers
2
Confidential Omitted
No
Holdings (146)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | WELLTOWER OP INC | WELL | 2,609,690 | $484.4M | 5.49% |
| 2 | PROLOGIS INC | PLDGP | 3,156,371 | $402.9M | 4.57% |
| 3 | EQUINIX INC | EQIX | 478,333 | $366.5M | 4.15% |
| 4 | DIGITAL RLTY TR INC | 253868103 | 1,542,710 | $238.7M | 2.71% |
| 5 | VENTAS INC | VTR | 2,576,274 | $199.4M | 2.26% |
| 6 | SEMPRA | SREA | 2,086,619 | $184.2M | 2.09% |
| 7 | XCEL ENERGY INC | XELLL | 2,352,387 | $173.7M | 1.97% |
| 8 | AVALONBAY COMMUNTIES REIT | AWX | 940,065 | $170.4M | 1.93% |
| 9 | NEXTERA ENERGY INC | NEE-PW | 2,068,314 | $166.0M | 1.88% |
| 10 | SIMON PPTY INC | 828806109 | 877,686 | $162.5M | 1.84% |
| 11 | AMERICAN TOWER CORP | 03027X100 | 917,855 | $161.1M | 1.83% |
| 12 | AMERICAN HOMES 4 R CL A | AMH-PG | 4,556,397 | $146.3M | 1.66% |
| 13 | CENTERPOINT ENERGY | CNP | 3,811,242 | $146.1M | 1.66% |
| 14 | ENTERGY CORP | ENO | 1,579,455 | $146.0M | 1.65% |
| 15 | IRON MOUNTAIN INC | 46284V101 | 1,580,452 | $131.1M | 1.49% |
| 16 | NISOURCE INC | NI | 3,106,606 | $129.7M | 1.47% |
| 17 | FIRST IND REALTY TR | 32054K103 | 2,184,408 | $125.1M | 1.42% |
| 18 | EVERGY INC | EVRG | 1,715,935 | $124.4M | 1.41% |
| 19 | ALLIANT ENERGY CORP | LNT | 1,898,522 | $123.4M | 1.40% |
| 20 | AMEREN CORPORATION | AEE | 1,204,941 | $120.3M | 1.36% |
| 21 | MID-AMER APT CMNTYS REIT | 59522J103 | 850,093 | $118.1M | 1.34% |
| 22 | PUBLIC STORAGE REIT COMMON | PSA-PS | 449,410 | $116.6M | 1.32% |
| 23 | BRIXMOR PROPERTY G COM USD0.01 | 11120U105 | 4,430,543 | $116.2M | 1.32% |
| 24 | WILLIAMS COS INC | 969457100 | 1,865,628 | $112.1M | 1.27% |
| 25 | ATMOS ENERGY CORP | ATO | 652,306 | $109.3M | 1.24% |
| 26 | SOUTHERN CO | SOMN | 1,238,217 | $108.0M | 1.22% |
| 27 | PPL CORP COM | PPLC | 3,055,621 | $107.0M | 1.21% |
| 28 | CROWN CASTLE INC | CCI | 1,192,658 | $106.0M | 1.20% |
| 29 | DUKE ENERGY CORP | DUKB | 896,780 | $105.1M | 1.19% |
| 30 | WEC ENERGY GROUP INC | WEC | 981,194 | $103.5M | 1.17% |
| 31 | DTE ENERGY CO | DTK | 792,446 | $102.2M | 1.16% |
| 32 | CMS ENERGY CORP | CMS-PC | 1,453,667 | $101.7M | 1.15% |
| 33 | ESSENTIAL PPTYS RLTY REIT COM | 29670E107 | 3,424,842 | $101.6M | 1.15% |
| 34 | CUBESMART | CUBE | 2,719,631 | $98.0M | 1.11% |
| 35 | MPLX LP | MPLXP | 1,832,003 | $97.8M | 1.11% |
| 36 | TARGA RESOURCES IN | TRGP | 522,546 | $96.4M | 1.09% |
| 37 | PUBLIC SVC ENTERPR | 744573106 | 1,179,391 | $94.7M | 1.07% |
| 38 | EQUITY LIFESTYLE PPT | 29472R108 | 1,545,120 | $93.6M | 1.06% |
| 39 | TRANSCANADA PIPELINE COM | TRPRF | 1,696,644 | $93.3M | 1.06% |
| 40 | CHENIERE ENERGY INC | LNG | 462,495 | $89.9M | 1.02% |
| 41 | OGE ENERGY CORP | OGE | 2,096,429 | $89.5M | 1.01% |
| 42 | AMERN ELEC PWR INC | 025537101 | 762,162 | $87.9M | 1.00% |
| 43 | DOMINION ENERGY INC | D | 1,492,575 | $87.4M | 0.99% |
| 44 | ESSEX PPTY TR INC REIT | 297178105 | 328,657 | $86.0M | 0.97% |
| 45 | ESSENTIAL UTILITIES | 29670G102 | 2,188,681 | $84.0M | 0.95% |
| 46 | PG&E CORP | PCG-PX | 5,210,950 | $83.7M | 0.95% |
| 47 | SPIRE INC COM USD1 | SRJN | 983,436 | $81.3M | 0.92% |
| 48 | AT&T INC | T-PC | 3,140,500 | $78.0M | 0.88% |
| 49 | RYMAN HOSPITALITY | 78377T107 | 776,253 | $73.4M | 0.83% |
| 50 | AGREE REALTY CORP | 008492100 | 957,943 | $69.0M | 0.78% |
| 51 | KINDER MORGAN INC | EP-PC | 2,434,803 | $66.9M | 0.76% |
| 52 | ENBRIDGE INC | ENNPF | 1,363,419 | $65.2M | 0.74% |
| 53 | PHILLIPS EDISON & CO COM USD0.01 | PECO | 1,788,426 | $63.6M | 0.72% |
| 54 | ENERGY TRANSFER L P COM UT LTD PTN | ET-PI | 3,765,800 | $62.1M | 0.70% |
| 55 | BXP INC | BXP | 879,131 | $59.3M | 0.67% |
| 56 | AMERICAN WTR WKS CO | 030420103 | 449,022 | $58.6M | 0.66% |
| 57 | FIRSTENERGY CORP | FE | 1,304,500 | $58.4M | 0.66% |
| 58 | PINNACLE WEST CAP | PNW | 624,930 | $55.4M | 0.63% |
| 59 | VERIZON COMMUNICATIO | VZ | 1,339,489 | $54.6M | 0.62% |
| 60 | COUSINS PPTYS INC | 222795502 | 2,091,727 | $53.9M | 0.61% |
| 61 | SABRA HEALTHCARE | SBRA | 2,788,795 | $52.8M | 0.60% |
| 62 | ONEOK INC | OKE | 717,725 | $52.8M | 0.60% |
| 63 | FORTIS INC | FTRSF | 981,900 | $51.1M | 0.58% |
| 64 | XYLEM INC | XYL | 369,910 | $50.4M | 0.57% |
| 65 | ENTERPRISE PRODS | 293792107 | 1,561,283 | $50.1M | 0.57% |
| 66 | GAMING&LEISURE PPTYS | 36467J108 | 1,114,299 | $49.8M | 0.56% |
| 67 | ALEXANDRIA REAL ESTA REIT | 015271109 | 999,846 | $48.9M | 0.55% |
| 68 | VORNADO RLTY TR SH BEN INT REIT | 929042109 | 1,466,710 | $48.8M | 0.55% |
| 69 | UNION PAC CORP | UNP | 207,322 | $48.0M | 0.54% |
| 70 | ONE GAS INC | OGS | 576,000 | $44.5M | 0.50% |
| 71 | REXFORD INDUSTRIAL COM USD0.01 | 76169C100 | 1,145,690 | $44.4M | 0.50% |
| 72 | DT MIDSTREAM INC | DTM | 369,048 | $44.2M | 0.50% |
| 73 | EVERSOURCE ENERGY | ES | 607,620 | $40.9M | 0.46% |
| 74 | NORTHWEST NATURAL HL | 66765N105 | 856,710 | $40.0M | 0.45% |
| 75 | PLAINS ALL AMERN PIP UNIT | 726503105 | 2,176,900 | $39.1M | 0.44% |
| 76 | KEYERA CORP | BEKE | 1,200,638 | $38.5M | 0.44% |
| 77 | PEMBINA PIPELINE | PPLOF | 963,076 | $36.7M | 0.42% |
| 78 | VERALTO CORPORATION | VLTO | 356,391 | $35.6M | 0.40% |
| 79 | TELUS CORP | TU | 2,666,500 | $35.2M | 0.40% |
| 80 | COMPANHIA DE SANEAME ADR | SBS | 1,444,628 | $34.5M | 0.39% |
| 81 | SMARTSTOP SELF STORA | 83192D402 | 1,099,700 | $34.0M | 0.39% |
| 82 | CDN NATL RAILWAY | 136375102 | 336,789 | $33.4M | 0.38% |
| 83 | CSX CORP | CSX | 805,115 | $29.2M | 0.33% |
| 84 | CANADIAN PACIFIC KC | CP | 370,512 | $27.3M | 0.31% |
| 85 | BLACK HILLS CORP | BKH | 389,700 | $27.1M | 0.31% |
| 86 | BCE INC | BCPPF | 1,127,288 | $26.9M | 0.30% |
| 87 | PENTAIR PLC | PNR | 250,547 | $26.1M | 0.30% |
| 88 | ECOLAB INC | ECL | 90,879 | $23.9M | 0.27% |
| 89 | ADVANCED DRAINAGE COM USD0.01 | 00790R104 | 139,606 | $20.2M | 0.23% |
| 90 | KIMCO REALTY CORP | 49446R109 | 935,321 | $19.0M | 0.21% |
| 91 | VALMONT INDS INC | 920253101 | 46,903 | $18.9M | 0.21% |
| 92 | CORE & MAIN INC CLASS A COMMON STOCK | CNM | 357,052 | $18.6M | 0.21% |
| 93 | KODIAK GAS SERVICES | 50012A108 | 462,123 | $17.3M | 0.20% |
| 94 | AMERICAN HEALTHCARE | AHR | 328,275 | $15.4M | 0.18% |
| 95 | GFL ENVIRONMENTAL IN SUB VTG SHS | GFL | 323,747 | $13.9M | 0.16% |
| 96 | MUELLER WTR PRODS | 624758108 | 547,963 | $13.1M | 0.15% |
| 97 | FRANKLIN ELEC INC | FELE | 110,184 | $10.5M | 0.12% |
| 98 | THERMO FISHER SCI | TMO | 16,191 | $9.4M | 0.11% |
| 99 | WATTS WATER TECH CLASS A | WTS | 33,888 | $9.4M | 0.11% |
| 100 | BADGER METER INC | BMI | 51,938 | $9.1M | 0.10% |
| 101 | WASTE MANAGEMENT INC | 94106L109 | 38,217 | $8.4M | 0.10% |
| 102 | DANAHER CORP | 235851102 | 34,748 | $8.0M | 0.09% |
| 103 | IDEX CORP | 45167R104 | 44,675 | $7.9M | 0.09% |
| 104 | SBA COMMUNICATIONS COM USD0.01 CL A | SBAC | 38,902 | $7.5M | 0.09% |
| 105 | EDISON INTL | 281020107 | 123,600 | $7.4M | 0.08% |
| 106 | ZURN ELKAY WATER SOL | 98983L108 | 147,169 | $6.8M | 0.08% |
| 107 | STANTEC INC | STN | 65,496 | $6.2M | 0.07% |
| 108 | KINETIK HOLDINGS INC CLASS A COMMON STOCK | KNTK | 171,094 | $6.2M | 0.07% |
| 109 | HOST HOTELS & RESRTS REIT | HST | 339,144 | $6.0M | 0.07% |
| 110 | KEYERA CORP SUBSCRIPT RECEIPT | BEKE | 171,584 | $5.3M | 0.06% |
| 111 | SUNOCOCORP LLC | SUNC | 105,654 | $5.2M | 0.06% |
| 112 | WEYERHAEUSER CO | WY | 218,334 | $5.2M | 0.06% |
| 113 | GRUPO AEROPORTUARIO ADR | 400501102 | 43,000 | $4.7M | 0.05% |
| 114 | TETRA TECH INC | TTEK | 128,648 | $4.3M | 0.05% |
| 115 | FERGUSON PLC ORD GBP0.10 | FERG | 19,095 | $4.3M | 0.05% |
| 116 | ENERGY RECOVERY INC | ERII | 301,487 | $4.1M | 0.05% |
| 117 | FIRST SOLAR | FSLR | 15,428 | $4.0M | 0.05% |
| 118 | INVITATION HOMES | INVH | 131,626 | $3.7M | 0.04% |
| 119 | SPDR INDEX SHARES S&P GL NAT RES ETF | 78463X541 | 56,400 | $3.5M | 0.04% |
| 120 | VICI PPTYS INC COM | 925652109 | 112,368 | $3.2M | 0.04% |
| 121 | BLOOM ENERGY CORPOR CLASS A COMMON STOCK | BE | 34,248 | $3.0M | 0.03% |
| 122 | NEXTPOWER INC COM CL A | NXT | 33,054 | $2.9M | 0.03% |
| 123 | EXTRA SPACE STORAGE REIT | EXR | 17,103 | $2.2M | 0.03% |
| 124 | VANECK ETF TRUST GOLD MINERS ETF | 92189F106 | 22,580 | $1.9M | 0.02% |
| 125 | VIRTUS ETF TRUST II VIRTUS DUFF & PHELPS | 92790A702 | 61,475 | $1.6M | 0.02% |
| 126 | ORMAT TECHNOLOGIES | ORA | 13,931 | $1.5M | 0.02% |
| 127 | CLEARWAY ENERGY INC CL C COM STOCK $0.01 | CWEN-A | 45,380 | $1.5M | 0.02% |
| 128 | PLAINS GP HLDINGS LP CL A SHS LPI | PAGP | 76,862 | $1.5M | 0.02% |
| 129 | SCHWAB STRATEGIC T US TIPS ETF | 808524870 | 53,420 | $1.4M | 0.02% |
| 130 | AMERICOLD RLTY TR | COLD | 97,037 | $1.2M | 0.01% |
| 131 | EASTGROUP PROPERTIES | 277276101 | 5,725 | $1.0M | 0.01% |
| 132 | INVESCO DB COMMODITY INDEX TRAC | IVZ | 41,694 | $932,278 | 0.01% |
| 133 | ENPHASE ENERGY | ENPH | 28,053 | $899,099 | 0.01% |
| 134 | CONSTELLATION ENERGY | CEG | 2,416 | $853,500 | 0.01% |
| 135 | SUNRUN INC COM USD0.0001 | RUN | 42,207 | $776,609 | 0.01% |
| 136 | TE CONNECTIVITY | TEL | 3,024 | $687,990 | 0.01% |
| 137 | HUBBELL INCORPORATED | HUBB | 1,546 | $686,594 | 0.01% |
| 138 | INVESCO DB MULTI-SEC AGRICULTURE FD | IVZ | 26,225 | $669,262 | 0.01% |
| 139 | CAMECO CORP | CCJ | 6,670 | $610,238 | 0.01% |
| 140 | PLUG POWER INC | PLUG | 290,110 | $571,517 | 0.01% |
| 141 | ARCHROCK INC | AROC | 21,193 | $551,442 | 0.01% |
| 142 | EQT CORP COM | EQT | 9,499 | $509,146 | 0.01% |
| 143 | GE VERNOVA INC | GEV | 717 | $468,610 | 0.01% |
| 144 | GIBSON ENERGY | GBNXF | 23,895 | $437,893 | 0.00% |
| 145 | SOLAREDGE TECHNOLO | SEDG | 14,452 | $416,940 | 0.00% |
| 146 | ARRAY TECHNOLOGIES | ARRY | 26,070 | $240,365 | 0.00% |