Vault-13

THE NECESSITY RETAIL REIT IN AFIN

COM CLASS A · REIT · CUSIP 02607T109

3 institutional holders -240 vs Q2 2023
28,70928.7k shares reported held*
$189.6kreported value*
0 new 1 added 1 reduced 239 sold out net sold ≈ $471.3m (-79.6m 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. Holder counts are more reliable. Implied quarter-end price ≈ $6.60.

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 247Q4 22: 265Q1 23: 252Q2 23: 243Q3 23: 33Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022247
Q4 2022265
Q1 2023252
Q2 2023243
Q3 20233

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 117 bought or addedQ4 22: 99 cut or sold outQ4 22Q1 23: 110 bought or addedQ1 23: 113 cut or sold outQ1 23Q2 23: 104 bought or addedQ2 23: 127 cut or sold outQ2 23Q3 23: 1 bought or addedQ3 23: 240 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 202211799
Q1 2023110113
Q2 2023104127
Q3 20231240

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ4 22 calls: $246.2kQ4 22 puts: $160.1kQ4 22P/C 0.65Q1 23 calls: $351.9kQ1 23 puts: $304.2kQ1 23P/C 0.86Q2 23 calls: $469.7kQ2 23 puts: $244.5kQ2 23P/C 0.52Q3 23 calls: $0Q3 23 puts: $0Q3 23P/C —
Numbers
QuarterCallsPutsP/C
Q4 2022$246.2k$160.1k0.65
Q1 2023$351.9k$304.2k0.86
Q2 2023$469.7k$244.5k0.52
Q3 2023$0$0—

Biggest buyers

Coppell Advisory Solutions LLC Added +3,619+3.6k

Biggest sellers

VANGUARD GROUP INC Sold out -19,253,227-19.3m
BlackRock Inc. Sold out -13,097,773-13.1m
STATE STREET CORP Sold out -6,530,624-6.5m
GEODE CAPITAL MANAGEMENT, LLC Sold out -3,063,687-3.1m
LSV ASSET MANAGEMENT Sold out -2,668,651-2.7m
Mirae Asset Global Investments Co., Ltd. Sold out -2,515,588-2.5m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Sold out -2,252,811-2.3m
Invesco Ltd. Sold out -1,753,430-1.8m
DIMENSIONAL FUND ADVISORS LP Sold out -1,707,070-1.7m
Magnetar Financial LLC Sold out -1,507,212-1.5m

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Coppell Advisory Solutions LLC 0.02% of their portfolio COPPELL, TX 11,18511.2k $66.3k $66.3k 0.02% Added +3.6k +3,619
2 Beacon Capital Management, LLC 0.02% of their portfolio FRANKLIN, TN 11,02311.0k $74.5k $74.5k 0.02% Unchanged
3 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 6,5016.5k $48.8k $48.8k 0.00% Reduced -12.6k -12,621