AEW CAPITAL MANAGEMENT L P Long-Term Concentrated

CIK: 0001046187 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 6, 2026

Total Value ($000): $1,381,679 (100.0% shares, 0.0% debt)

Holdings (37)

New Positions (3)

LXP LXP INDUSTRIAL TRUST 4.2%

Value ($000) $57,988 Shares 1,169,582 Est. Cost $49.58 Unrealized —

LINE LINEAGE INC 0.0%

Value ($000) $42 Shares 1,200 Est. Cost $35.00 Unrealized —

SILA SILA REALTY TRUST INC 0.0%

Value ($000) $42 Shares 1,800 Est. Cost $23.31 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LXP	LXP INDUSTRIAL TRUST	1,169,582	$57,988	4.2%	$49.58	—	COM	529043408
LINE	LINEAGE INC	1,200	$42	0.0%	$35.00	—	COM	53566V106
SILA	SILA REALTY TRUST INC	1,800	$42	0.0%	$23.31	—	COM	146280508

Increased Positions (7)

HIW HIGHWOODS PPTYS INC 4.5%

Value ($000) $62,826 (-15.8%) Shares 2,433,243 (+3.8%) Est. Cost $30.95 Unrealized —

AMT AMERICAN TOWER CORP NEW 1.2%

Value ($000) $16,270 (+34.1%) Shares 92,670 (+46.8%) Est. Cost $196.82 Unrealized -8.4%

CPT CAMDEN PPTY TR 0.5%

Value ($000) $6,335 (+11.6%) Shares 57,550 (+8.3%) Est. Cost $94.05 Unrealized +9.7%

REXR REXFORD INDL RLTY INC 0.0%

Value ($000) $201 (+226.5%) Shares 5,200 (+246.7%) Est. Cost $37.81 Unrealized —

STAG STAG INDL INC 0.0%

Value ($000) $224 (+47.8%) Shares 6,100 (+41.9%) Est. Cost $36.13 Unrealized —

EQR EQUITY RESIDENTIAL 0.8%

Value ($000) $11,737 (-0.1%) Shares 186,180 (+2.6%) Est. Cost $53.78 Unrealized +12.8%

UDR UDR INC 0.6%

Value ($000) $8,176 (+0.1%) Shares 222,900 (+1.6%) Est. Cost $38.75 Unrealized -8.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HIW	HIGHWOODS PPTYS INC	2,433,243 (+3.8%)	$62,826 (-15.8%)	4.5%	$30.95	—	COM	431284108
AMT	AMERICAN TOWER CORP NEW	92,670 (+46.8%)	$16,270 (+34.1%)	1.2%	$196.82	-8.4%	COM	03027X100
CPT	CAMDEN PPTY TR	57,550 (+8.3%)	$6,335 (+11.6%)	0.5%	$94.05	+9.7%	COM	133131102
REXR	REXFORD INDL RLTY INC	5,200 (+246.7%)	$201 (+226.5%)	0.0%	$37.81	—	COM	76169C100
STAG	STAG INDL INC	6,100 (+41.9%)	$224 (+47.8%)	0.0%	$36.13	—	COM	85254J102
EQR	EQUITY RESIDENTIAL	186,180 (+2.6%)	$11,737 (-0.1%)	0.8%	$53.78	+12.8%	COM	29476L107
UDR	UDR INC	222,900 (+1.6%)	$8,176 (+0.1%)	0.6%	$38.75	-8.3%	COM	902653104

Exited Positions (9)

— LXP INDUSTRIAL TRUST 5.9%

Value ($000) $81,856 Shares 9,135,734 Est. Cost $9.13 Unrealized —

IRM IRON MTN INC DEL 2.3%

Value ($000) $32,137 Shares 315,257 Est. Cost $85.70 Unrealized +8.3%

MAC MACERICH CO 0.7%

Value ($000) $9,587 Shares 526,746 Est. Cost $16.38 Unrealized —

GLPI GAMING & LEISURE PPTYS INC 0.7%

Value ($000) $9,088 Shares 194,982 Est. Cost $48.67 Unrealized —

KRG KITE RLTY GROUP TR 0.7%

Value ($000) $9,088 Shares 407,520 Est. Cost $25.24 Unrealized —

PECO PHILLIPS EDISON & CO INC 0.6%

Value ($000) $8,576 Shares 249,810 Est. Cost $37.63 Unrealized —

HR HEALTHCARE RLTY TR 0.1%

Value ($000) $1,444 Shares 80,110 Est. Cost $17.10 Unrealized —

AIV APARTMENT INVT & MGMT CO 0.0%

Value ($000) $441 Shares 55,610 Est. Cost $8.80 Unrealized —

ADC AGREE RLTY CORP 0.0%

Value ($000) $36 Shares 500 Est. Cost $69.59 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	LXP INDUSTRIAL TRUST	9,135,734	$81,856	5.9%	$9.13	—	—	529043101
IRM	IRON MTN INC DEL	315,257	$32,137	2.3%	$85.70	+8.3%	—	46284V101
MAC	MACERICH CO	526,746	$9,587	0.7%	$16.38	—	—	554382101
GLPI	GAMING & LEISURE PPTYS INC	194,982	$9,088	0.7%	$48.67	—	—	36467J108
KRG	KITE RLTY GROUP TR	407,520	$9,088	0.7%	$25.24	—	—	49803T300
PECO	PHILLIPS EDISON & CO INC	249,810	$8,576	0.6%	$37.63	—	—	71844V201
HR	HEALTHCARE RLTY TR	80,110	$1,444	0.1%	$17.10	—	—	42226K105
AIV	APARTMENT INVT & MGMT CO	55,610	$441	0.0%	$8.80	—	—	03748R747
ADC	AGREE RLTY CORP	500	$36	0.0%	$69.59	—	—	008492100

Decreased Positions (25)

WELL WELLTOWER INC 13.1%

Value ($000) $180,642 (-15.9%) Shares 973,236 (-19.2%) Est. Cost $68.86 Unrealized +170.8%

PSA PUBLIC STORAGE OPER CO 6.3%

Value ($000) $86,560 (-27.3%) Shares 333,566 (-19.1%) Est. Cost $286.67 Unrealized -3.3%

AVB AVALONBAY CMNTYS INC 7.3%

Value ($000) $101,048 (-23.6%) Shares 557,322 (-18.6%) Est. Cost $154.76 Unrealized +16.2%

EQIX EQUINIX INC 6.7%

Value ($000) $92,127 (-24.9%) Shares 120,245 (-23.2%) Est. Cost $693.06 Unrealized +12.7%

DLR DIGITAL RLTY TR INC 6.2%

Value ($000) $85,038 (-25.0%) Shares 549,663 (-16.2%) Est. Cost $123.90 Unrealized +31.7%

O REALTY INCOME CORP 7.6%

Value ($000) $105,391 (-19.0%) Shares 1,869,633 (-12.6%) Est. Cost $52.82 Unrealized +8.6%

BRX BRIXMOR PPTY GROUP INC 4.3%

Value ($000) $59,865 (-25.0%) Shares 2,283,171 (-20.8%) Est. Cost $24.66 Unrealized —

MAA MID-AMER APT CMNTYS INC 4.9%

Value ($000) $67,245 (-22.1%) Shares 484,092 (-21.6%) Est. Cost $142.46 Unrealized -6.6%

SPG SIMON PPTY GROUP INC NEW 5.9%

Value ($000) $81,257 (-18.3%) Shares 438,967 (-17.2%) Est. Cost $134.41 Unrealized +33.9%

CTRE CARETRUST REIT INC 1.8%

Value ($000) $25,380 (-33.3%) Shares 701,884 (-36.0%) Est. Cost $28.19 Unrealized —

AMH AMERICAN HOMES 4 RENT 4.4%

Value ($000) $60,133 (-12.4%) Shares 1,873,309 (-9.3%) Est. Cost $32.56 Unrealized —

RHP RYMAN HOSPITALITY PPTYS INC 1.4%

Value ($000) $19,453 (-30.3%) Shares 205,590 (-34.0%) Est. Cost $89.82 Unrealized —

VNO VORNADO RLTY TR 0.0%

Value ($000) $465 (-94.7%) Shares 13,980 (-93.5%) Est. Cost $41.37 Unrealized —

KRC KILROY RLTY CORP 0.0%

Value ($000) $403 (-95.2%) Shares 10,781 (-94.6%) Est. Cost $35.78 Unrealized —

VTR VENTAS INC 0.1%

Value ($000) $1,768 (-77.2%) Shares 22,850 (-79.3%) Est. Cost $52.83 Unrealized +41.9%

BNL BROADSTONE NET LEASE INC 4.3%

Value ($000) $59,457 (-8.7%) Shares 3,422,984 (-6.1%) Est. Cost $16.78 Unrealized —

IRT INDEPENDENCE RLTY TR INC 0.3%

Value ($000) $4,747 (-52.0%) Shares 271,575 (-55.0%) Est. Cost $18.90 Unrealized —

CUBE CUBESMART 0.0%

Value ($000) $670 (-88.4%) Shares 18,580 (-86.9%) Est. Cost $42.50 Unrealized —

PLD PROLOGIS INC. 9.0%

Value ($000) $124,252 (-2.4%) Shares 973,308 (-12.5%) Est. Cost $71.76 Unrealized +72.6%

CURB CURBLINE PPTYS CORP 2.4%

Value ($000) $33,066 (-4.2%) Shares 1,424,625 (-8.0%) Est. Cost $22.84 Unrealized —

SUI SUN CMNTYS INC 0.4%

Value ($000) $6,028 (-12.4%) Shares 48,650 (-8.8%) Est. Cost $150.61 Unrealized —

ELS EQUITY LIFESTYLE PPTYS INC 0.5%

Value ($000) $7,248 (-5.8%) Shares 119,590 (-5.7%) Est. Cost $63.57 Unrealized —

EGP EASTGROUP PPTYS INC 0.0%

Value ($000) $107 (-21.1%) Shares 600 (-25.0%) Est. Cost $152.01 Unrealized —

SKT TANGER INC 0.0%

Value ($000) $17 (-62.1%) Shares 500 (-61.5%) Est. Cost $33.28 Unrealized —

REG REGENCY CTRS CORP 0.0%

Value ($000) $110 (-15.8%) Shares 1,600 (-11.1%) Est. Cost $58.41 Unrealized +18.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WELL	WELLTOWER INC	973,236 (-19.2%)	$180,642 (-15.9%)	13.1%	$68.86	+170.8%	COM	95040Q104
PSA	PUBLIC STORAGE OPER CO	333,566 (-19.1%)	$86,560 (-27.3%)	6.3%	$286.67	-3.3%	COM	74460D109
AVB	AVALONBAY CMNTYS INC	557,322 (-18.6%)	$101,048 (-23.6%)	7.3%	$154.76	+16.2%	COM	053484101
EQIX	EQUINIX INC	120,245 (-23.2%)	$92,127 (-24.9%)	6.7%	$693.06	+12.7%	COM	29444U700
DLR	DIGITAL RLTY TR INC	549,663 (-16.2%)	$85,038 (-25.0%)	6.2%	$123.90	+31.7%	COM	253868103
O	REALTY INCOME CORP	1,869,633 (-12.6%)	$105,391 (-19.0%)	7.6%	$52.82	+8.6%	COM	756109104
BRX	BRIXMOR PPTY GROUP INC	2,283,171 (-20.8%)	$59,865 (-25.0%)	4.3%	$24.66	—	COM	11120U105
MAA	MID-AMER APT CMNTYS INC	484,092 (-21.6%)	$67,245 (-22.1%)	4.9%	$142.46	-6.6%	COM	59522J103
SPG	SIMON PPTY GROUP INC NEW	438,967 (-17.2%)	$81,257 (-18.3%)	5.9%	$134.41	+33.9%	COM	828806109
CTRE	CARETRUST REIT INC	701,884 (-36.0%)	$25,380 (-33.3%)	1.8%	$28.19	—	COM	14174T107
AMH	AMERICAN HOMES 4 RENT	1,873,309 (-9.3%)	$60,133 (-12.4%)	4.4%	$32.56	—	COM	02665T306
RHP	RYMAN HOSPITALITY PPTYS INC	205,590 (-34.0%)	$19,453 (-30.3%)	1.4%	$89.82	—	COM	78377T107
VNO	VORNADO RLTY TR	13,980 (-93.5%)	$465 (-94.7%)	0.0%	$41.37	—	COM	929042109
KRC	KILROY RLTY CORP	10,781 (-94.6%)	$403 (-95.2%)	0.0%	$35.78	—	COM	49427F108
VTR	VENTAS INC	22,850 (-79.3%)	$1,768 (-77.2%)	0.1%	$52.83	+41.9%	COM	92276F100
BNL	BROADSTONE NET LEASE INC	3,422,984 (-6.1%)	$59,457 (-8.7%)	4.3%	$16.78	—	COM	11135E203
IRT	INDEPENDENCE RLTY TR INC	271,575 (-55.0%)	$4,747 (-52.0%)	0.3%	$18.90	—	COM	45378A106
CUBE	CUBESMART	18,580 (-86.9%)	$670 (-88.4%)	0.0%	$42.50	—	COM	229663109
PLD	PROLOGIS INC.	973,308 (-12.5%)	$124,252 (-2.4%)	9.0%	$71.76	+72.6%	COM	74340W103
CURB	CURBLINE PPTYS CORP	1,424,625 (-8.0%)	$33,066 (-4.2%)	2.4%	$22.84	—	COM	23128Q101
SUI	SUN CMNTYS INC	48,650 (-8.8%)	$6,028 (-12.4%)	0.4%	$150.61	—	COM	866674104
ELS	EQUITY LIFESTYLE PPTYS INC	119,590 (-5.7%)	$7,248 (-5.8%)	0.5%	$63.57	—	COM	29472R108
EGP	EASTGROUP PPTYS INC	600 (-25.0%)	$107 (-21.1%)	0.0%	$152.01	—	COM	277276101
SKT	TANGER INC	500 (-61.5%)	$17 (-62.1%)	0.0%	$33.28	—	COM	875465106
REG	REGENCY CTRS CORP	1,600 (-11.1%)	$110 (-15.8%)	0.0%	$58.41	+18.9%	COM	758849103

Unchanged Positions (2)

INVH INVITATION HOMES INC 0.6%

Value ($000) $7,858 Shares 282,760 Est. Cost $25.10 Unrealized +10.1%

ESS ESSEX PPTY TR INC 0.5%

Value ($000) $7,500 Shares 28,660 Est. Cost $205.46 Unrealized +24.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
INVH	INVITATION HOMES INC	282,760	$7,858	0.6%	$25.10	+10.1%	COM	46187W107
ESS	ESSEX PPTY TR INC	28,660	$7,500	0.5%	$205.46	+24.7%	COM	297178105