Group 1 - TCW Global Real Estate Fund reported a return of +2.37% in Q3 2025, underperforming the S&P Global REIT Index which returned +4.50% [1] - The fund's overweight allocation in Diversified Real Estate Activities positively impacted its performance, while the overweight in Telecom Tower REITs negatively affected it [1] - The fund highlighted American Tower Corporation (NYSE:AMT) as a significant holding, which had a one-month return of -0.89% and a 52-week loss of 3.96% [2] Group 2 - American Tower Corporation (NYSE:AMT) closed at $174.71 per share on December 26, 2025, with a market capitalization of $82.59 billion [2] - In the TCW Global Real Estate Fund's investor letter, American Tower Corporation was noted as one of the two worst-performing securities, with a weight of 6.32% in the fund [3] - Despite its potential, American Tower Corporation is not among the 30 most popular stocks among hedge funds, with 75 hedge fund portfolios holding it at the end of Q3 2025, an increase from 70 in the previous quarter [4]