Vault-13

THE NECESSITY RETAIL REIT IN AFIN

COM CLASS A · REIT · CUSIP 02607T109

252 institutional holders -13 vs Q4 2022
76,784,09176.8m shares reported held*
$482.2mreported value*
18 new 92 added 82 reduced 31 sold out net sold ≈ $930.4k (-508.8k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($34.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $6.28. Options: 5 managers hold calls ($351.9k notional), 5 hold puts ($304.2k).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 247Q4 22: 265Q1 23: 252252Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022247
Q4 2022265
Q1 2023252

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 117 bought or addedQ4 22: 99 cut or sold outQ4 22Q1 23: 110 bought or addedQ1 23: 113 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 202211799
Q1 2023110113

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300k$400kQ3 22 calls: $376.0kQ3 22 puts: $261.0kQ3 22P/C 0.69Q4 22 calls: $246.2kQ4 22 puts: $160.1kQ4 22P/C 0.65Q1 23 calls: $351.9kQ1 23 puts: $304.2kQ1 23P/C 0.86
Numbers
QuarterCallsPutsP/C
Q3 2022$376.0k$261.0k0.69
Q4 2022$246.2k$160.1k0.65
Q1 2023$351.9k$304.2k0.86

Biggest buyers

VANGUARD GROUP INC Added +318,698+318.7k
AQR CAPITAL MANAGEMENT LLC Added +256,699+256.7k
FMR LLC Added +211,793+211.8k
CastleKnight Management LP Added +199,444+199.4k
MORGAN STANLEY Added +169,944+169.9k
STRS OHIO Added +159,044+159.0k
DIMENSIONAL FUND ADVISORS LP Added +156,658+156.7k
GEODE CAPITAL MANAGEMENT, LLC Added +141,392+141.4k
PANAGORA ASSET MANAGEMENT INC New +128,869+128.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +106,686+106.7k

Biggest sellers

Balyasny Asset Management L.P. Sold out -803,917-803.9k
GAGNON SECURITIES LLC Reduced -385,117-385.1k
Mirae Asset Global Investments Co., Ltd. Reduced -283,864-283.9k
Invesco Ltd. Reduced -283,382-283.4k
Nuveen Asset Management, LLC Reduced -163,998-164.0k
JPMORGAN CHASE & CO Reduced -150,129-150.1k
VIRGINIA RETIREMENT SYSTEMS ET Al Sold out -131,200-131.2k
LSV ASSET MANAGEMENT Reduced -100,900-100.9k
GOLDMAN SACHS GROUP INC Reduced -83,302-83.3k
MARSHALL WACE, LLP Sold out -80,784-80.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $177.1k28.2k shares
CITADEL ADVISORS LLC Added $106.1k16.9k shares
SIMPLEX TRADING, LLC Reduced $68.0k10.9k shares
GROUP ONE TRADING LLC Unchanged $628100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $144.4k23.0k shares
CITADEL ADVISORS LLC Added $108.0k17.2k shares
SIMPLEX TRADING, LLC Added $48.0k7.7k shares
GROUP ONE TRADING LLC Added $3.8k600 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 19,621,51419.6m $123.2m $123.2m 0.00% Added +318.7k +318,698
2 BlackRock Inc. 0.00% of their portfolio New York, NY 12,601,66412.6m $79.1m $79.1m 0.00% Added +100.6k +100,584
3 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 6,865,9346.9m $43.1m $43.1m 0.00% Reduced -44.6k -44,648
4 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 3,012,2183.0m $18.9m $18.9m 0.00% Added +141.4k +141,392
5 LSV ASSET MANAGEMENT 0.04% of their portfolio CHICAGO, IL 2,751,8992.8m $17.3m $17.3m 0.04% Reduced -100.9k -100,900
6 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 2,503,8312.5m $15.7m $15.7m 0.00% Reduced -13.3k -13,321
7 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 2,422,6702.4m $15.2m $15.2m 0.00% Reduced -283.4k -283,382
8 AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio Greenwich, CT 1,989,2312.0m $12.5m $12.5m 0.03% Added +256.7k +256,699
9 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 1,661,3271.7m $10.4m $10.4m 0.00% Added +156.7k +156,658
10 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,451,1391.5m $9.1m $9.1m 0.00% Reduced -64.1k -64,112
11 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 1,232,1101.2m $7.7m $7.7m 0.02% Reduced -283.9k -283,864
12 BECK CAPITAL MANAGEMENT, LLC 3.13% of their portfolio AUSTIN, TX 1,169,9751.2m $7.3m $7.3m 3.13% Reduced -20.1k -20,113
13 Legal & General Group Plc 0.00% of their portfolio London, X0 870,788870.8k $5.5m $5.5m 0.00% Added +87.9k +87,941
14 Phocas Financial Corp. 0.63% of their portfolio ALAMEDA, CA 700,462700.5k $4.4m $4.4m 0.63% Added +6.7k +6,686
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 603,185603.2k $3.8m $3.8m 0.00% Added +169.9k +169,944
16 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 586,662586.7k $3.7m $3.7m 0.00% Reduced -10.4k -10,429
17 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 555,671555.7k $3.5m $3.5m 0.00% Added +39.7k +39,651
18 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 513,000513.0k $3.2m $3.2m 0.00% Added +29.0k +28,980
19 AE Wealth Management LLC 0.02% of their portfolio TOPEKA, KS 479,090479.1k $3.0m $3.0m 0.02% Reduced -11.8k -11,798
20 CastleKnight Management LP 0.76% of their portfolio New York, NY 474,000474.0k $3.0m $3.0m 0.76% Added +199.4k +199,444
21 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 451,576451.6k $2.8m $2.8m 0.00% Reduced -150.1k -150,129
22 FMR LLC 0.00% of their portfolio BOSTON, MA 426,168426.2k $2.7m $2.7m 0.00% Added +211.8k +211,793
23 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 396,592396.6k $2.5m $2.5m 0.00% Reduced -164.0k -163,998
24 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 381,529381.5k $2.4m $2.4m 0.01% Reduced -26.5k -26,506
25 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 370,123370.1k $2.3m $2.3m 0.00% Reduced -21.6k -21,575
26 Atria Wealth Solutions, Inc. 0.03% of their portfolio NEW YORK, NY 365,807365.8k $2.3m $2.3m 0.03% Reduced -18.3k -18,257
27 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 354,538354.5k $2.2m $2.2m 0.01% Unchanged
28 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 352,987353.0k $2.2m $2.2m 0.00% Reduced -6.9k -6,918
29 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 304,111304.1k $1.9m $1.9m 0.00% Unchanged
30 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 303,617303.6k $1.9m $1.9m 0.00% Reduced -83.3k -83,302
31 Bramshill Investments, LLC 0.22% of their portfolio NAPLES, FL 291,492291.5k $1.8m $1.8m 0.22% Added +5.0k +5,034
32 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 291,180291.2k $1.8m $1.8m 0.00% Added +159.0k +159,044
33 Swiss National Bank 0.00% of their portfolio ZURICH, V8 289,760289.8k $1.8m $1.8m 0.00% Reduced -32.0k -32,000
34 Sunbelt Securities, Inc. 0.28% of their portfolio HOUSTON, TX 285,463285.5k $1.7m $1.7m 0.28% Added +17.8k +17,793
35 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 254,988255.0k $1.6m $1.6m 0.00% Added +11.8k +11,788
36 INDEPENDENT FINANCIAL GROUP, LLC 0.12% of their portfolio SAN DIEGO, CA 247,899247.9k $1.6m $1.6m 0.12% Added +25.7k +25,678
37 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 234,923234.9k $1.5m $1.5m 0.00% Added +8.2k +8,178
38 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 226,085226.1k $1.4m $1.4m 0.00% Added +16.5k +16,540
39 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 218,261218.3k $1.4m $1.4m 0.00% Added +41.1k +41,065
40 Asset Management One Co., Ltd. 0.01% of their portfolio TOKYO, M0 211,180211.2k $1.3m $1.3m 0.01% Reduced -58 -58
41 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 181,788181.8k $1.1m $1.1m 0.00% Added +23.2k +23,235
42 FOSTER & MOTLEY INC 0.09% of their portfolio CINCINNATI, OH 172,767172.8k $1.1m $1.1m 0.09% Reduced -10.5k -10,515
43 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 167,606167.6k $1.1m $1.1m 0.00% Reduced -1.6k -1,581
44 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 164,408164.4k $1.0m $1.0m 0.00% Reduced -483 -483
45 Pacific Ridge Capital Partners, LLC 0.25% of their portfolio LAKE OSWEGO, OR 162,980163.0k $1.0m $1.0m 0.25% Reduced -950 -950
46 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 160,517160.5k $1.0m $1.0m 0.00% Added +106.7k +106,686
47 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 155,457155.5k $976.3k $976.3k 0.00% Reduced -14.5k -14,465
48 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 153,847153.8k $973.0k $973.0k 0.00% Reduced -2.0k -2,042
49 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 149,888149.9k $941.3k $941.3k 0.00% Reduced -724 -724
50 Accel Wealth Management 0.38% of their portfolio WAVERLY, IA 148,648148.6k $933.5k $933.5k 0.38% Reduced -2.5k -2,481
51 UBS Group AG 0.00% of their portfolio ZURICH, V8 145,908145.9k $916.3k $916.3k 0.00% Added +38.0k +38,002
52 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 142,711142.7k $896.2k $896.2k 0.00% Added +4.8k +4,803
53 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 142,564142.6k $895.0k $895.0k 0.00% Added +6.6k +6,587
54 NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio TOKYO, M0 142,500142.5k $894.9k $894.9k 0.00% Added +7.0k +7,000
55 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 135,389135.4k $849.0k $849.0k 0.00% Added +9.5k +9,541
56 ClariVest Asset Management LLC 0.04% of their portfolio SAN DIEGO, CA 135,106135.1k $849.0k $849.0k 0.04% Reduced -99 -99
57 PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio BOSTON, MA 128,869128.9k $809.3k $809.3k 0.01% New
58 Cetera Advisor Networks LLC 0.01% of their portfolio EL SEGUNDO, CA 126,621126.6k $795.2k $795.2k 0.01% Added +13.2k +13,247
59 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 119,067119.1k $747.7k $747.7k 0.01% Reduced -14.3k -14,312
60 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 111,157111.2k $698.1k $698.1k 0.00% Added +24.1k +24,131
61 SCOTIA CAPITAL INC. 0.00% of their portfolio TORONTO, A6 108,610108.6k $682.1k $682.1k 0.00% Added +53.7k +53,732
62 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 107,263107.3k $673.6k $673.6k 0.00% Added +58.4k +58,383
63 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 104,850104.8k $658.5k $658.5k 0.00% Added +50.1k +50,125
64 CHANNEL WEALTH LLC 0.37% of their portfolio SANTA BARBARA, CA 92,37092.4k $580.1k $580.1k 0.37% First filing
65 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 90,98891.0k $571.4k $571.4k 0.00% Unchanged
66 B. Riley Wealth Advisors, Inc. 0.02% of their portfolio MEMPHIS, TN 89,89589.9k $564.5k $564.5k 0.02% Reduced -2.7k -2,691
67 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 87,83087.8k $551.6k $551.6k 0.00% Reduced -13.7k -13,713
68 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 86,26586.3k $542.0k $542.0k 0.00% Added +11.1k +11,086
69 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 86,20686.2k $541.4k $541.4k 0.01% Added +44.7k +44,688
70 Orion Portfolio Solutions, LLC 0.01% of their portfolio Omaha, NE 86,20686.2k $541.4k $541.4k 0.01% Added +41.6k +41,602
71 NFSG Corp 0.29% of their portfolio BOCA RATON, FL 86,05786.1k $540.4k $540.4k 0.29% Added +2.9k +2,923
72 Alberta Investment Management Corp 0.01% of their portfolio EDMONTON, A0 85,70085.7k $538.2k $538.2k 0.01% Unchanged
73 HARBOUR INVESTMENTS, INC. 0.03% of their portfolio MADISON, WI 83,68883.7k $525.6k $525.6k 0.03% Reduced -5.8k -5,752
74 Amundi 0.00% of their portfolio Paris, I0 82,83382.8k $516.0k $516.0k 0.00% Reduced -5.3k -5,284
75 MONEY CONCEPTS CAPITAL CORP 0.03% of their portfolio PALM BEACH GARDENS, FL 81,45981.5k $480.2k $480.2k 0.03% Reduced -38.1k -38,056
76 Vestcor Inc 0.02% of their portfolio FREDERICTON, A3 78,71878.7k $494.0k $494.0k 0.02% Reduced -4.0k -4,031
77 Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio TOKYO, M0 77,17277.2k $484.6k $484.6k 0.00% Added +12.2k +12,238
78 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 72,20072.2k $453.4k $453.4k 0.00% Added +9.5k +9,502
79 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 71,10271.1k $446.5k $446.5k 0.00% Reduced -11.5k -11,542
80 State of Alaska, Department of Revenue 0.01% of their portfolio JUNEAU, AK 69,20769.2k $433.0k $433.0k 0.01% Added +2.0k +1,982
81 CALTON & ASSOCIATES, INC. 0.20% of their portfolio Tampa, FL 68,91768.9k $432.8k $432.8k 0.20% Reduced -4.8k -4,842
82 J.W. COLE ADVISORS, INC. 0.03% of their portfolio TAMPA, FL 66,74566.7k $419.2k $419.2k 0.03% Added +1.0k +1,049
83 Geneos Wealth Management Inc. 0.03% of their portfolio ENGLEWOOD, CO 65,71765.7k $412.7k $412.7k 0.03% Reduced -11.1k -11,094
84 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 65,40165.4k $410.7k $410.7k 0.00% Added +7.7k +7,682
85 Graham Capital Management, L.P. 0.01% of their portfolio ROWAYTON, CT 65,31765.3k $410.2k $410.2k 0.01% Reduced -2.6k -2,607
86 ICA Group Wealth Management, LLC 0.10% of their portfolio DENVER, CO 65,17665.2k $409.3k $409.3k 0.10% Added +11.1k +11,050
87 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 64,50764.5k $405.1k $405.1k 0.00% Added +1.3k +1,284
88 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 64,06064.1k $403.0k $403.0k 0.00% Added +2.4k +2,379
89 Penserra Capital Management LLC 0.01% of their portfolio ORINDA, CA 63,77863.8k $400.0k $400.0k 0.01% Added +12.0k +12,006
90 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 62,83162.8k $394.6k $394.6k 0.00% Added +35.2k +35,235
91 GAGNON SECURITIES LLC 0.08% of their portfolio New York, NY 62,43362.4k $392.1k $392.1k 0.08% Reduced -385.1k -385,117
92 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 61,32661.3k $385.1k $385.1k 0.00% Added +18.5k +18,513
93 Kovack Advisors, Inc. 0.05% of their portfolio FT. LAUDERDALE, FL 60,75960.8k $381.6k $381.6k 0.05% Reduced -6.6k -6,631
94 TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio AUSTIN, TX 60,06760.1k $377.0k $377.0k 0.00% Added +31.3k +31,344
95 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 59,92959.9k $376.0k $376.0k 0.01% Added +1.9k +1,937
96 ALPS ADVISORS INC 0.00% of their portfolio Denver, CO 59,75659.8k $375.3k $375.3k 0.00% Reduced -8.5k -8,464
97 DFPG INVESTMENTS, LLC 0.04% of their portfolio SANDY, UT 57,46457.5k $360.9k $360.9k 0.04% Unchanged
98 Barber Financial Group, Inc. 0.06% of their portfolio LENEXA, KS 55,25055.2k $347.0k $347.0k 0.06% Reduced -7.4k -7,445
99 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 54,83454.8k $344.1k $344.1k 0.00% Added +32.6k +32,573
100 Retirement Group, LLC 0.16% of their portfolio SAN DIEGO, CA 54,38054.4k $342.0k $342.0k 0.16% Unchanged