Vault-13

AVALONBAY CMNTYS INC AVB

COM · REIT · CUSIP 053484101 · ISIN US0534841012

642 institutional holders +7 vs Q1 2023
132,909,690132.9m shares reported held*
$25.1bnreported value*
62 new 250 added 207 reduced 63 sold out net bought ≈ $51.9m (+337.3k 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 ($25.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $189.19. Options: 19 managers hold calls ($70.2m notional), 13 hold puts ($76.7m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 649Q4 22: 633Q1 23: 635Q2 23: 642642Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022649
Q4 2022633
Q1 2023635
Q2 2023642

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 288 bought or addedQ4 22: 317 cut or sold outQ4 22Q1 23: 338 bought or addedQ1 23: 237 cut or sold outQ1 23Q2 23: 312 bought or addedQ2 23: 270 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022288317
Q1 2023338237
Q2 2023312270

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ3 22 calls: $84.6mQ3 22 puts: $29.8mQ3 22P/C 0.35Q4 22 calls: $45.7mQ4 22 puts: $18.3mQ4 22P/C 0.40Q1 23 calls: $46.1mQ1 23 puts: $30.1mQ1 23P/C 0.65Q2 23 calls: $70.2mQ2 23 puts: $76.7mQ2 23P/C 1.09
Numbers
QuarterCallsPutsP/C
Q3 2022$84.6m$29.8m0.35
Q4 2022$45.7m$18.3m0.40
Q1 2023$46.1m$30.1m0.65
Q2 2023$70.2m$76.7m1.09

Biggest buyers

WELLINGTON MANAGEMENT GROUP LLP Added +1,189,233+1.2m
D1 Capital Partners L.P. New +808,348+808.3k
JPMORGAN CHASE & CO Added +387,254+387.3k
Echo Street Capital Management LLC Added +292,385+292.4k
GOLDMAN SACHS GROUP INC Added +287,802+287.8k
PRICE T ROWE ASSOCIATES INC /MD/ Added +249,545+249.5k
DEUTSCHE BANK AG\ Added +186,842+186.8k
AMERICAN CENTURY COMPANIES INC Added +171,314+171.3k
APG Asset Management US Inc. Added +171,198+171.2k
ExodusPoint Capital Management, LP New +151,762+151.8k

Biggest sellers

Long Pond Capital, LP Sold out -702,039-702.0k
MORGAN STANLEY Reduced -366,954-367.0k
Invesco Ltd. Reduced -331,278-331.3k
FMR LLC Reduced -312,474-312.5k
Zimmer Partners, LP Sold out -275,000-275.0k
Schonfeld Strategic Advisors LLC Reduced -273,397-273.4k
BANK OF AMERICA CORP /DE/ Reduced -232,962-233.0k
WESTPAC BANKING CORP Reduced -204,737-204.7k
STRS OHIO Reduced -196,028-196.0k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Reduced -183,447-183.4k

Biggest calls

Cresset Asset Management, LLC New $20.8m110.0k shares
JANE STREET GROUP, LLC Added $9.7m51.3k shares
CITADEL ADVISORS LLC Reduced $7.4m38.9k shares
MILLENNIUM MANAGEMENT LLC Added $6.5m34.5k shares
NOMURA HOLDINGS INC New $6.2m32.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.8m30.7k shares
Walleye Trading LLC Reduced $4.4m23.5k shares
WOLVERINE TRADING, LLC Added $2.9m15.4k shares
SIMPLEX TRADING, LLC Added $1.5m7.7k shares
Walleye Capital LLC New $1.2m6.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $17.7m93.3k shares
CITADEL ADVISORS LLC Added $15.1m79.7k shares
GROUP ONE TRADING LLC Added $12.3m64.9k shares
JANE STREET GROUP, LLC Added $11.3m59.5k shares
SIMPLEX TRADING, LLC Added $7.6m39.9k shares
Walleye Trading LLC Added $3.5m18.4k shares
PEAK6 Investments LLC Added $2.7m14.3k shares
Walleye Capital LLC New $2.4m12.7k shares
CAPSTONE INVESTMENT ADVISORS, LLC Added $2.0m10.6k shares
TWO SIGMA SECURITIES, LLC Reduced $1.1m6.0k 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-28 8.7% new 12.2m≈ $2.3bn 2026-04-28
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 7.6% new 10.7m≈ $2.0bn 2026-04-29
NORGES BANK 13G · institution new · filed 2025-11-05 5.3% new 7.6m≈ $1.4bn 2025-11-05

Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.10% of their portfolio Valley Forge, PA 22,856,43922.9m $4.3bn $4.3bn 0.10% Reduced -172.7k -172,709
2 BlackRock Inc. 0.08% of their portfolio New York, NY 15,723,92415.7m $3.0bn $3.0bn 0.08% Added +69.2k +69,187
3 STATE STREET CORP 0.10% of their portfolio BOSTON, MA 10,147,62410.1m $1.9bn $1.9bn 0.10% Added +60.0k +60,027
4 NORGES BANK 0.23% of their portfolio OSLO, Q8 6,200,7786.2m $1.2bn $1.2bn 0.23% Unchanged
5 JPMORGAN CHASE & CO 0.11% of their portfolio NEW YORK, NY 5,250,6835.3m $993.8m $993.8m 0.11% Added +387.3k +387,254
6 PRICE T ROWE ASSOCIATES INC /MD/ 0.13% of their portfolio BALTIMORE, MD 5,083,1165.1m $962.1m $962.1m 0.13% Added +249.5k +249,545
7 PRINCIPAL FINANCIAL GROUP INC 0.61% of their portfolio DES MOINES, IA 4,741,2964.7m $897.4m $897.4m 0.61% Reduced -120.7k -120,655
8 GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio BOSTON, MA 3,241,2333.2m $612.0m $612.0m 0.07% Added +83.6k +83,588
9 Invesco Ltd. 0.13% of their portfolio ATLANTA, GA 2,606,4472.6m $493.3m $493.3m 0.13% Reduced -331.3k -331,278
10 DEUTSCHE BANK AG\ 0.24% of their portfolio FRANKFURT AM MAIN, 2M 2,344,6762.3m $443.8m $443.8m 0.24% Added +186.8k +186,842
11 Legal & General Group Plc 0.14% of their portfolio London, X0 2,259,3672.3m $427.6m $427.6m 0.14% Added +88.0k +88,001
12 NORTHERN TRUST CORP 0.08% of their portfolio CHICAGO, IL 2,152,0752.2m $407.3m $407.3m 0.08% Reduced -80.0k -80,039
13 DIMENSIONAL FUND ADVISORS LP 0.12% of their portfolio AUSTIN, TX 1,989,1182.0m $376.5m $376.5m 0.12% Added +33.4k +33,449
14 AMERIPRISE FINANCIAL INC 0.12% of their portfolio MINNEAPOLIS, MN 1,980,1662.0m $374.8m $374.8m 0.12% Reduced -37.5k -37,520
15 WELLINGTON MANAGEMENT GROUP LLP 0.07% of their portfolio Boston, MA 1,956,8542.0m $370.4m $370.4m 0.07% Added +1.2m +1,189,233
16 Clearbridge Investments, LLC 0.32% of their portfolio NEW YORK, NY 1,857,2171.9m $351.5m $351.5m 0.32% Added +104.7k +104,694
17 CANADA PENSION PLAN INVESTMENT BOARD 0.50% of their portfolio TORONTO ONTARIO, A6 1,749,1751.7m $331.1m $331.1m 0.50% Added +57.2k +57,200
18 CENTERSQUARE INVESTMENT MANAGEMENT LLC 3.87% of their portfolio CONSHOHOCKEN, PA 1,740,9411.7m $329.5m $329.5m 3.87% Reduced -86.1k -86,148
19 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 1,651,1241.7m $312.5m $312.5m 0.03% Reduced -367.0k -366,954
20 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 1,582,7751.6m $299.6m $299.6m 0.08% Added +287.8k +287,802
21 Echo Street Capital Management LLC 2.54% of their portfolio New York, NY 1,568,2861.6m $296.8m $296.8m 2.54% Added +292.4k +292,385
22 Nuveen Asset Management, LLC 0.10% of their portfolio CHICAGO, IL 1,568,0221.6m $296.8m $296.8m 0.10% Reduced -44.5k -44,545
23 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio SAN FRANCISCO, CA 1,444,5261.4m $273.4m $273.4m 0.08% Added +31.3k +31,313
24 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.10% of their portfolio NEW YORK, NY 1,271,2791.3m $213.7m $213.7m 0.10% Unchanged
25 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 1,105,3881.1m $209.2m $209.2m 0.04% Reduced -10.1k -10,116
26 CIBC Private Wealth Group LLC 0.22% of their portfolio ATLANTA, GA 1,066,8241.1m $201.9m $201.9m 0.22% Added +3.8k +3,828
27 Sumitomo Mitsui Trust Group, Inc. 0.14% of their portfolio CHIYODA-KU, TOKYO, M0 954,255954.3k $180.6m $180.6m 0.14% Reduced -74.0k -73,994
28 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio Boston, MA 921,951922.0k $174.5m $174.5m 0.06% Reduced -24.3k -24,305
29 D1 Capital Partners L.P. 2.94% of their portfolio New York, NY 808,348808.3k $153.0m $153.0m 2.94% New
30 AEW CAPITAL MANAGEMENT L P 5.73% of their portfolio BOSTON, MA 786,871786.9k $148.9m $148.9m 5.73% Reduced -38.2k -38,200
31 Russell Investments Group, Ltd. 0.28% of their portfolio Seattle, WA 779,799779.8k $147.5m $147.5m 0.28% Added +26.3k +26,294
32 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 623,187623.2k $118.0m $118.0m 0.01% Reduced -233.0k -232,962
33 APG Asset Management US Inc. 0.94% of their portfolio New York, NY 619,125619.1k $117.2m $117.2m 0.94% Added +171.2k +171,198
34 LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 4.46% of their portfolio BALTIMORE, MD 595,392595.4k $112.7m $112.7m 4.46% Reduced -35.8k -35,776
35 DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.17% of their portfolio CHICAGO, IL 507,032507.0k $96.0m $96.0m 1.17% Added +14.6k +14,599
36 Swiss National Bank 0.07% of their portfolio ZURICH, V8 505,721505.7k $95.7m $95.7m 0.07% Reduced -49.5k -49,500
37 SCHRODER INVESTMENT MANAGEMENT GROUP 0.14% of their portfolio London, X0 504,343504.3k $95.5m $95.5m 0.14% Reduced -2.6k -2,585
38 AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio KANSAS CITY, MO 498,524498.5k $94.4m $94.4m 0.07% Added +171.3k +171,314
39 Heitman Real Estate Securities LLC 4.50% of their portfolio Chicago, IL 431,976432.0k $81.8m $81.8m 4.50% Reduced -152.5k -152,463
40 Amundi 0.04% of their portfolio Paris, I0 374,878374.9k $71.4m $71.4m 0.04% Reduced -8.4k -8,418
41 HSBC HOLDINGS PLC 0.07% of their portfolio LONDON, X0 364,925364.9k $69.0m $69.0m 0.07% Added +32.7k +32,687
42 AXA S.A. 0.22% of their portfolio PARIS, I0 348,286348.3k $65.9m $65.9m 0.22% Reduced -15.3k -15,255
43 California Public Employees Retirement System 0.06% of their portfolio Sacramento, CA 343,215343.2k $65.0m $65.0m 0.06% Reduced -4.8k -4,803
44 FMR LLC 0.01% of their portfolio BOSTON, MA 317,350317.4k $60.1m $60.1m 0.01% Reduced -312.5k -312,474
45 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 315,818315.8k $59.8m $59.8m 0.02% Added +78.6k +78,558
46 Asset Management One Co., Ltd. 0.25% of their portfolio TOKYO, M0 314,924314.9k $59.6m $59.6m 0.25% Added +14.4k +14,415
47 UBS Group AG 0.03% of their portfolio ZURICH, V8 313,867313.9k $59.4m $59.4m 0.03% Added +147.6k +147,554
48 Aberdeen Group plc 0.14% of their portfolio EDINBURGH, X0 309,583309.6k $58.6m $58.6m 0.14% Added +58.3k +58,297
49 Thrivent Financial for Lutherans 0.13% of their portfolio Minneapolis, MN 304,209304.2k $57.6m $57.6m 0.13% Added +20.3k +20,277
50 RHUMBLINE ADVISERS 0.06% of their portfolio BOSTON, MA 299,243299.2k $56.6m $56.6m 0.06% Added +3.5k +3,481
51 CANADA LIFE ASSURANCE Co 0.13% of their portfolio WINNIPEG, A2 293,285293.3k $55.7m $55.7m 0.13% Reduced -5.3k -5,283
52 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 289,413289.4k $54.8m $54.8m 0.02% Reduced -7.1k -7,067
53 CREDIT SUISSE AG/ 0.05% of their portfolio ZURICH, V8 287,057287.1k $54.3m $54.3m 0.05% Added +8.6k +8,563
54 SEI INVESTMENTS CO 0.08% of their portfolio OAKS, PA 254,590254.6k $48.2m $48.2m 0.08% Added +19.5k +19,511
55 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.19% of their portfolio COLUMBUS, OH 254,206254.2k $48.1m $48.1m 0.19% Reduced -4.6k -4,561
56 FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 1.08% of their portfolio PORTLAND, OR 242,322242.3k $45.9m $45.9m 1.08% Added +4.3k +4,274
57 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 234,632234.6k $44.4m $44.4m 0.02% Reduced -15.4k -15,450
58 State of Tennessee, Department of Treasury 0.19% of their portfolio NASHVILLE, TN 234,197234.2k $44.3m $44.3m 0.19% Unchanged
59 BARCLAYS PLC 0.03% of their portfolio LONDON, X0 232,563232.6k $44.0m $44.0m 0.03% Added +112.9k +112,909
60 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio WEST SACRAMENTO, CA 227,642227.6k $43.1m $43.1m 0.06% Reduced -3.4k -3,374
61 M&T Bank Corp 0.16% of their portfolio BUFFALO, NY 224,553224.6k $42.5m $42.5m 0.16% Added +1.6k +1,577
62 Allianz Asset Management GmbH 0.09% of their portfolio MUNICH, 2M 222,384222.4k $42.1m $42.1m 0.09% Reduced -56.6k -56,627
63 CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.74% of their portfolio RADNOR, PA 218,377218.4k $41.3m $41.3m 0.74% Reduced -2.0k -2,003
64 Mitsubishi UFJ Asset Management Co., Ltd. 0.08% of their portfolio TOKYO, M0 202,736202.7k $38.4m $38.4m 0.08% Added +16.9k +16,914
65 RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio NEW YORK, NY 195,214195.2k $36.9m $36.9m 0.05% Reduced -84.8k -84,800
66 NOMURA ASSET MANAGEMENT CO LTD 0.17% of their portfolio TOKYO, M0 190,021190.0k $36.0m $36.0m 0.17% Added +8.4k +8,398
67 NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio ALBANY, NY 184,402184.4k $34.9m $34.9m 0.04% Reduced -3.9k -3,936
68 National Pension Service 0.06% of their portfolio JEONJU-SI, JEOLLABUK-DO, M5 181,693181.7k $34.2m $34.2m 0.06% Reduced -4.4k -4,409
69 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio TALLAHASSEE, FL 169,832169.8k $32.1m $32.1m 0.07% Reduced -7.5k -7,466
70 Utah Retirement Systems 0.44% of their portfolio SALT LAKE CITY, UT 169,156169.2k $32.0m $32.0m 0.44% Added +144.3k +144,278
71 VIRGINIA RETIREMENT SYSTEMS ET Al 0.30% of their portfolio RICHMOND, VA 167,960168.0k $31.8m $31.8m 0.30% Added +13.3k +13,300
72 Moran Wealth Management, LLC 1.18% of their portfolio NAPLES, FL 165,834165.8k $31.4m $31.4m 1.18% Reduced -33.6k -33,618
73 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 162,227162.2k $30.7m $30.7m 0.01% Added +14.3k +14,350
74 Presima Securities ULC 7.91% of their portfolio MONTREAL, A8 152,360152.4k $28.8m $28.8m 7.91% Added +600 +600
75 ExodusPoint Capital Management, LP 0.34% of their portfolio NEW YORK, NY 151,762151.8k $28.7m $28.7m 0.34% New
76 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 150,959151.0k $28.6m $28.6m 0.02% Reduced -2.6k -2,637
77 TORONTO DOMINION BANK 0.02% of their portfolio TORONTO, ONTARIO, A6 150,688150.7k $28.5m $28.5m 0.02% Added +73.4k +73,404
78 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 150,456150.5k $28.5m $28.5m 0.03% Added +14.2k +14,228
79 SUN LIFE FINANCIAL INC 1.74% of their portfolio Toronto, A6 150,427150.4k $28.5m $28.5m 1.74% Added +44.4k +44,379
80 Robeco Institutional Asset Management B.V. 0.07% of their portfolio ROTTERDAM, P7 145,608145.6k $27.6m $27.6m 0.07% Added +52.1k +52,059
81 Ensign Peak Advisors, Inc 0.06% of their portfolio SALT LAKE CITY, UT 144,364144.4k $27.3m $27.3m 0.06% Reduced -25.3k -25,282
82 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 142,986143.0k $27.1m $27.1m 0.04% Reduced -14.3k -14,251
83 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio ALBANY, NY 139,954140.0k $26.5m $26.5m 0.06% Reduced -13.2k -13,177
84 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 129,758129.8k $24.6m $24.6m 0.05% Added +73.9k +73,877
85 GUGGENHEIM CAPITAL LLC 0.19% of their portfolio CHICAGO, IL 128,472128.5k $24.3m $24.3m 0.19% Reduced -6.3k -6,320
86 STRS OHIO 0.10% of their portfolio COLUMBUS, OH 126,250126.2k $23.9m $23.9m 0.10% Reduced -196.0k -196,028
87 CHILTON CAPITAL MANAGEMENT LLC 1.31% of their portfolio HOUSTON, TX 124,690124.7k $23.8m $23.8m 1.31% Reduced -1.5k -1,505
88 PRUDENTIAL FINANCIAL INC 0.04% of their portfolio NEWARK, NJ 124,674124.7k $24.2m $24.2m 0.04% Reduced -606 -606
89 STOREBRAND ASSET MANAGEMENT AS 0.10% of their portfolio LYSAKER, Q8 120,606120.6k $22.8m $22.8m 0.10% Added +746 +746
90 Adelante Capital Management LLC 2.01% of their portfolio ALAMEDA, CA 120,451120.5k $22.8m $22.8m 2.01% Reduced -1.5k -1,491
91 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 117,902117.9k $22.3m $22.3m 0.03% Reduced -62.6k -62,588
92 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 117,372117.4k $22.2m $22.2m 0.01% Added +4.0k +4,042
93 Retirement Systems of Alabama 0.10% of their portfolio MONTGOMERY, AL 117,359117.4k $22.2m $22.2m 0.10% Reduced -9.1k -9,141
94 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 112,075112.1k $21.6m $21.6m 0.01% Added +271 +271
95 MAPLELANE CAPITAL, LLC 1.79% of their portfolio New York, NY 111,000111.0k $21.0m $21.0m 1.79% New
96 AVIVA PLC 0.09% of their portfolio LONDON, X0 110,879110.9k $21.0m $21.0m 0.09% Reduced -73.4k -73,445
97 Uniplan Investment Counsel, Inc. 1.40% of their portfolio MILWAUKEE, WI 101,942101.9k $19.3m $19.3m 1.40% Reduced -4.6k -4,600
98 State of New Jersey Common Pension Fund D 0.06% of their portfolio TRENTON, NJ 99,94099.9k $18.9m $18.9m 0.06% Added +22.0k +22,000
99 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 97,74297.7k $18.5m $18.5m 0.01% Added +7.7k +7,719
100 Investure, LLC 3.51% of their portfolio CHARLOTTESVILLE, VA 96,90096.9k $18.3m $18.3m 3.51% Unchanged