TCW Concentrated Large Cap Growth Fund Added Kimco Realty Corporation (KIM) to Reduce Exposure to Discretionary Consumer Spend

TCW funds, an investment management company, released its “TCW Global Real Estate Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund (I Share) returned +2.37% in the quarter compared to +4.50% for the S&P Global REIT Index. The overweight allocation in Diversified Real Estate Activities had a favorable impact on the fund’s relative performance in the quarter, while the overweight in Telecom Tower REITs had a negative effect. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, TCW Global Real Estate Fund highlighted stocks such as Kimco Realty Corporation (NYSE:KIM). Kimco Realty Corporation (NYSE:KIM) is a real estate investment trust (REIT) and leading operator of grocery-anchored shopping centers and mixed-use properties. The one-month return for Kimco Realty Corporation (NYSE:KIM) was -0.63%, and its shares lost 12.35% over the last 52 weeks. On December 26, 2025, Kimco Realty Corporation (NYSE:KIM) stock closed at $20.36 per share, with a market capitalization of $13.788 billion.

TCW Global Real Estate Fund stated the following regarding Kimco Realty Corporation (NYSE:KIM) in its third quarter 2025 investor letter:

“Kimco Realty Corporation (NYSE:KIM) (KIM; 2.13%**; Retail Reits) – We opted to reallocate funds out of Simon Property Group and into Kimco to reduce exposure to weakening discretionary consumer spend. Kimco operates grocery-anchored shopping centers that allow for a more defensive retail portfolio relative to Simon Property Group’s mall portfolio.”

Kimco Realty Corporation (NYSE:KIM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 27 hedge fund portfolios held Kimco Realty Corporation (NYSE:KIM) at the end of the third quarter, compared to 31 in the previous quarter.While we acknowledge the risk and potential of Kimco Realty Corporation (NYSE:KIM) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Kimco Realty Corporation (NYSE:KIM) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Kimco Realty Corporation (NYSE:KIM) and shared the list of stocks Jim Cramer discussed. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.