Vault-13

APARTMENT INCOME REIT CORP AIRC

COM · REIT · CUSIP 03750L109

305 institutional holders +5 vs Q1 2023
151,900,076151.9m shares reported held*
$5.5bnreported value*
36 new 96 added 119 reduced 34 sold out net sold ≈ $83.8m (-2.1m 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 ($9.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $36.11. Options: 6 managers hold calls ($2.6m notional), 4 hold puts ($1.2m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 307Q4 22: 316Q1 23: 300Q2 23: 305305Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022307
Q4 2022316
Q1 2023300
Q2 2023305

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 137 bought or addedQ4 22: 163 cut or sold outQ4 22Q1 23: 141 bought or addedQ1 23: 153 cut or sold outQ1 23Q2 23: 132 bought or addedQ2 23: 153 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022137163
Q1 2023141153
Q2 2023132153

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ3 22 calls: $560.0kQ3 22 puts: $807.0kQ3 22P/C 1.44Q4 22 calls: $1.1mQ4 22 puts: $997.8kQ4 22P/C 0.89Q1 23 calls: $2.0mQ1 23 puts: $1.1mQ1 23P/C 0.53Q2 23 calls: $2.6mQ2 23 puts: $1.2mQ2 23P/C 0.46
Numbers
QuarterCallsPutsP/C
Q3 2022$560.0k$807.0k1.44
Q4 2022$1.1m$997.8k0.89
Q1 2023$2.0m$1.1m0.53
Q2 2023$2.6m$1.2m0.46

Biggest buyers

JPMORGAN CHASE & CO Added +5,292,636+5.3m
ALLIANCEBERNSTEIN L.P. Added +3,691,350+3.7m
PRUDENTIAL FINANCIAL INC Added +1,464,261+1.5m
PRINCIPAL FINANCIAL GROUP INC Added +508,173+508.2k
Walleye Capital LLC New +355,770+355.8k
RUSH ISLAND MANAGEMENT, LP Added +325,339+325.3k
Allspring Global Investments Holdings, LLC Added +301,571+301.6k
Land & Buildings Investment Management, LLC Added +294,730+294.7k
Nuveen Asset Management, LLC Added +259,813+259.8k
State of New Jersey Common Pension Fund D Added +225,000+225.0k

Biggest sellers

FMR LLC Reduced -5,331,864-5.3m
COHEN & STEERS, INC. Reduced -3,225,207-3.2m
BANK OF AMERICA CORP /DE/ Reduced -1,352,063-1.4m
CITADEL ADVISORS LLC Reduced -731,899-731.9k
VANGUARD GROUP INC Reduced -700,577-700.6k
Long Pond Capital, LP Sold out -502,485-502.5k
NORGES BANK Reduced -450,829-450.8k
Balyasny Asset Management L.P. Reduced -412,968-413.0k
BlackRock Inc. Reduced -345,519-345.5k
RENAISSANCE TECHNOLOGIES LLC Reduced -316,300-316.3k

Biggest calls

CITADEL ADVISORS LLC Added $1.2m34.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $501.7k13.9k shares
GROUP ONE TRADING LLC Added $328.4k9.1k shares
WOLVERINE TRADING, LLC Reduced $286.4k8.0k shares
SIMPLEX TRADING, LLC Added $252.0k7.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $472.8k13.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $425.9k11.8k shares
SIMPLEX TRADING, LLC Reduced $303.0k8.4k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 21,698,08121.7m $783.1m $783.1m 0.02% Reduced -700.6k -700,577
2 BlackRock Inc. 0.02% of their portfolio New York, NY 17,090,82817.1m $616.8m $616.8m 0.02% Reduced -345.5k -345,519
3 COHEN & STEERS, INC. 1.09% of their portfolio NEW YORK, NY 14,301,82814.3m $516.1m $516.1m 1.09% Reduced -3.2m -3,225,207
4 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 12,101,87612.1m $436.8m $436.8m 0.05% Added +5.3m +5,292,636
5 PRINCIPAL FINANCIAL GROUP INC 0.22% of their portfolio DES MOINES, IA 8,918,2838.9m $321.9m $321.9m 0.22% Added +508.2k +508,173
6 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 8,229,3658.2m $297.0m $297.0m 0.02% Reduced -163.7k -163,661
7 FMR LLC 0.02% of their portfolio BOSTON, MA 5,347,0105.3m $193.0m $193.0m 0.02% Reduced -5.3m -5,331,864
8 ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio NASHVILLE, TN 3,969,5034.0m $143.3m $143.3m 0.06% Added +3.7m +3,691,350
9 Daiwa Securities Group Inc. 0.74% of their portfolio CHIYODA-KU,TOKYO, M0 3,083,6713.1m $111.3m $111.3m 0.74% Reduced -37.5k -37,485
10 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 2,719,9132.7m $98.2m $98.2m 0.01% Reduced -237.4k -237,360
11 RUSH ISLAND MANAGEMENT, LP 9.55% of their portfolio NEW YORK, NY 2,590,7832.6m $93.5m $93.5m 9.55% Added +325.3k +325,339
12 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 2,228,1772.2m $80.4m $80.4m 0.03% Added +22.6k +22,561
13 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.97% of their portfolio CHICAGO, IL 2,219,1192.2m $80.1m $80.1m 0.97% Added +43.4k +43,380
14 CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.40% of their portfolio RADNOR, PA 2,172,6452.2m $78.4m $78.4m 1.40% Added +41.8k +41,841
15 Nuveen Asset Management, LLC 0.03% of their portfolio CHICAGO, IL 2,163,1802.2m $78.1m $78.1m 0.03% Added +259.8k +259,813
16 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 1,974,5902.0m $71.3m $71.3m 0.02% Added +24.5k +24,494
17 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,779,6191.8m $64.2m $64.2m 0.01% Reduced -184.2k -184,196
18 CI INVESTMENTS INC. 0.32% of their portfolio TORONTO, Z4 1,774,8031.8m $64.1m $64.1m 0.32% Reduced -64.1k -64,073
19 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,738,0841.7m $62.7m $62.7m 0.01% Reduced -67.3k -67,328
20 NORGES BANK 0.01% of their portfolio OSLO, Q8 1,616,9741.6m $58.4m $58.4m 0.01% Reduced -450.8k -450,829
21 Balyasny Asset Management L.P. 0.16% of their portfolio Chicago, IL 1,542,2791.5m $55.7m $55.7m 0.16% Reduced -413.0k -412,968
22 PRUDENTIAL FINANCIAL INC 0.09% of their portfolio NEWARK, NJ 1,484,9821.5m $62.6m $62.6m 0.09% Added +1.5m +1,464,261
23 NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio NEW YORK, NY 1,468,2211.5m $53.0m $53.0m 0.05% Reduced -96.4k -96,357
24 Land & Buildings Investment Management, LLC 9.95% of their portfolio STAMFORD, CT 1,309,8371.3m $47.3m $47.3m 9.95% Added +294.7k +294,730
25 Legal & General Group Plc 0.01% of their portfolio London, X0 1,252,4211.3m $45.2m $45.2m 0.01% Added +47.0k +47,034
26 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,211,6141.2m $43.7m $43.7m 0.01% Reduced -1.4m -1,352,063
27 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 1,123,3811.1m $40.5m $40.5m 0.01% Reduced -130.3k -130,341
28 V3 Capital Management, L.P. 12.01% of their portfolio DALLAS, TX 1,040,3031.0m $37.5m $37.5m 12.01% Reduced -110.8k -110,800
29 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 966,069966.1k $34.6m $34.6m 0.02% Unchanged
30 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 952,493952.5k $34.4m $34.4m 0.01% Reduced -225.6k -225,583
31 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 902,623902.6k $32.6m $32.6m 0.00% Reduced -57.8k -57,789
32 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 735,529735.5k $26.5m $26.5m 0.03% Added +16.1k +16,102
33 Allspring Global Investments Holdings, LLC 0.04% of their portfolio CHARLOTTE, NC 735,448735.4k $26.5m $26.5m 0.04% Added +301.6k +301,571
34 Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio CHIYODA-KU, TOKYO, M0 705,553705.6k $25.5m $25.5m 0.02% Added +25.6k +25,649
35 Retirement Systems of Alabama 0.10% of their portfolio MONTGOMERY, AL 588,574588.6k $21.2m $21.2m 0.10% Added +37.4k +37,439
36 LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 0.75% of their portfolio BALTIMORE, MD 525,990526.0k $19.0m $19.0m 0.75% Added +684 +684
37 SEI INVESTMENTS CO 0.03% of their portfolio OAKS, PA 508,051508.1k $18.3m $18.3m 0.03% Reduced -107.6k -107,635
38 Uniplan Investment Counsel, Inc. 1.28% of their portfolio MILWAUKEE, WI 487,007487.0k $17.6m $17.6m 1.28% Reduced -22.4k -22,375
39 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 482,873482.9k $17.4m $17.4m 0.02% Added +5.2k +5,238
40 MACQUARIE GROUP LTD 0.02% of their portfolio Sydney, NSW 2000, C3 472,276472.3k $17.0m $17.0m 0.02% Added +5.8k +5,785
41 State of New Jersey Common Pension Fund D 0.05% of their portfolio TRENTON, NJ 379,009379.0k $13.7m $13.7m 0.05% Added +225.0k +225,000
42 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 376,434376.4k $13.6m $13.6m 0.03% Reduced -97.9k -97,886
43 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 368,782368.8k $13.3m $13.3m 0.01% Reduced -731.9k -731,899
44 State of Tennessee, Department of Treasury 0.05% of their portfolio NASHVILLE, TN 363,074363.1k $13.1m $13.1m 0.05% Unchanged
45 Walleye Capital LLC 0.23% of their portfolio NEW YORK, NY 355,770355.8k $12.8m $12.8m 0.23% New
46 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 344,200344.2k $12.4m $12.4m 0.02% Reduced -316.3k -316,300
47 Swiss National Bank 0.01% of their portfolio ZURICH, V8 324,584324.6k $11.7m $11.7m 0.01% Added +900 +900
48 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 324,441324.4k $11.7m $11.7m 0.01% Added +88.6k +88,629
49 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 294,905294.9k $10.6m $10.6m 0.00% Reduced -231.1k -231,086
50 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 286,787286.8k $10.3m $10.3m 0.02% Reduced -285.9k -285,867
51 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.04% of their portfolio COLUMBUS, OH 283,460283.5k $10.2m $10.2m 0.04% Reduced -4.2k -4,206
52 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 280,286280.3k $10.1m $10.1m 0.02% Added +101.8k +101,796
53 B&I Capital AG 3.16% of their portfolio ZURICH, V8 262,696262.7k $9.5m $9.5m 3.16% Reduced -17.6k -17,550
54 Asset Management One Co., Ltd. 0.04% of their portfolio TOKYO, M0 258,800258.8k $9.3m $9.3m 0.04% Added +14.3k +14,285
55 Verition Fund Management LLC 0.14% of their portfolio GREENWICH, CT 255,153255.2k $9.2m $9.2m 0.14% Added +114.0k +113,964
56 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 254,732254.7k $9.2m $9.2m 0.01% Reduced -33.7k -33,659
57 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 239,002239.0k $8.6m $8.6m 0.01% Reduced -41.8k -41,759
58 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 232,523232.5k $8.4m $8.4m 0.01% Added +11.5k +11,489
59 AMERICAN INTERNATIONAL GROUP, INC. 0.05% of their portfolio New York, NY 225,037225.0k $8.1m $8.1m 0.05% Reduced -4.5k -4,522
60 State of Alaska, Department of Revenue 0.10% of their portfolio JUNEAU, AK 221,478221.5k $8.0m $8.0m 0.10% Reduced -9.8k -9,751
61 Grantham, Mayo, Van Otterloo & Co. LLC 0.04% of their portfolio Boston, MA 210,677210.7k $7.6m $7.6m 0.04% Reduced -1.8k -1,801
62 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio TALLAHASSEE, FL 189,834189.8k $6.9m $6.9m 0.02% Reduced -15.3k -15,273
63 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio ALBANY, NY 188,099188.1k $6.8m $6.8m 0.02% Added +1.1k +1,055
64 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 187,498187.5k $6.8m $6.8m 0.00% Reduced -6.6k -6,641
65 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 183,696183.7k $6.6m $6.6m 0.00% Reduced -31.6k -31,607
66 Cubist Systematic Strategies, LLC 0.07% of their portfolio STAMFORD, CT 182,206182.2k $6.6m $6.6m 0.07% Added +80.0k +79,965
67 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 181,134181.1k $6.5m $6.5m 0.01% Reduced -16.8k -16,809
68 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 175,995176.0k $6.4m $6.4m 0.01% Added +142.4k +142,445
69 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 171,300171.3k $6.2m $6.2m 0.01% Added +62.5k +62,462
70 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 170,077170.1k $6.1m $6.1m 0.00% Added +54.1k +54,138
71 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.07% of their portfolio New York, NY 170,030170.0k $6.1m $6.1m 0.07% Added +24.8k +24,808
72 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 168,763168.8k $6.1m $6.1m 0.01% Reduced -26.3k -26,272
73 NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio TOKYO, M0 168,496168.5k $6.1m $6.1m 0.03% Added +6.0k +5,990
74 STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio MADISON, WI 165,629165.6k $6.0m $6.0m 0.02% Reduced -4.7k -4,694
75 UBS Group AG 0.00% of their portfolio ZURICH, V8 164,551164.6k $5.9m $5.9m 0.00% Added +24.2k +24,164
76 COMERICA BANK 0.00% of their portfolio DALLAS, TX 161,157161.2k $0 $0 0.00% First filing
77 Robeco Institutional Asset Management B.V. 0.01% of their portfolio ROTTERDAM, P7 157,000157.0k $5.7m $5.7m 0.01% Added +22.0k +22,000
78 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 154,210154.2k $5.6m $5.6m 0.01% Reduced -4.9k -4,880
79 TUDOR INVESTMENT CORP ET AL 0.09% of their portfolio STAMFORD, CT 152,579152.6k $5.5m $5.5m 0.09% Added +123.9k +123,948
80 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 151,865151.9k $5.5m $5.5m 0.01% Added +140.6k +140,630
81 Clearbridge Investments, LLC 0.00% of their portfolio NEW YORK, NY 145,585145.6k $5.3m $5.3m 0.00% Reduced -210 -210
82 Man Group plc 0.02% of their portfolio LONDON, X0 139,800139.8k $5.0m $5.0m 0.02% New
83 TEXAS PERMANENT SCHOOL FUND CORP 0.04% of their portfolio AUSTIN, TX 131,181131.2k $4.7m $4.7m 0.04% Reduced -2.1k -2,070
84 ALGERT GLOBAL LLC 0.20% of their portfolio SAN FRANCISCO, CA 124,973125.0k $4.5m $4.5m 0.20% Added +6.3k +6,280
85 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 120,108120.1k $4.3m $4.3m 0.01% Added +112.7k +112,742
86 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 119,434119.4k $4.3m $4.3m 0.00% Reduced -11.1k -11,051
87 OVERSEA-CHINESE BANKING Corp Ltd 0.21% of their portfolio SINGAPORE, U0 118,633118.6k $4.3m $4.3m 0.21% New
88 HRT FINANCIAL LP 0.04% of their portfolio NEW YORK, NY 118,389118.4k $4.3m $4.3m 0.04% New
89 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 116,084116.1k $4.2m $4.2m 0.00% Added +46.5k +46,470
90 Amundi 0.00% of their portfolio Paris, I0 114,279114.3k $4.2m $4.2m 0.00% Added +4.0k +4,008
91 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 114,159114.2k $4.1m $4.1m 0.00% Reduced -4.0k -3,984
92 Manning & Napier Group, LLC 0.05% of their portfolio Fairport, NY 113,225113.2k $4.1m $4.1m 0.05% Unchanged
93 LDR Capital Management LLC 2.33% of their portfolio New York, NY 103,792103.8k $3.7m $3.7m 2.33% Added +4.5k +4,491
94 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 101,874101.9k $3.7m $3.7m 0.00% Reduced -37.9k -37,870
95 TEACHER RETIREMENT SYSTEM OF TEXAS 0.02% of their portfolio AUSTIN, TX 100,010100.0k $3.6m $3.6m 0.02% Reduced -6.2k -6,197
96 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 97,89297.9k $3.5m $3.5m 0.01% Added +30.4k +30,407
97 AMALGAMATED BANK 0.03% of their portfolio NEW YORK, NY 97,02597.0k $3.5m $3.5m 0.03% Reduced -6.1k -6,090
98 MetLife Investment Management, LLC 0.02% of their portfolio Whippany, NJ 89,40489.4k $3.2m $3.2m 0.02% Reduced -2.3k -2,302
99 Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio TOKYO, M0 87,27587.3k $3.1m $3.1m 0.01% Added +3.6k +3,604
100 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 83,83583.8k $3.0m $3.0m 0.00% Added +77.8k +77,835