Vault-13

AVALONBAY CMNTYS INC AVB

COM · REIT · CUSIP 053484101 · ISIN US0534841012

647 institutional holders +5 vs Q2 2023
131,712,364131.7m shares reported held*
$22.7bnreported value*
68 new 257 added 198 reduced 67 sold out net sold ≈ $172.6m (-1.1m 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 ($37.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $172.03. Options: 18 managers hold calls ($61.5m notional), 14 hold puts ($105.4m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 649Q4 22: 633Q1 23: 635Q2 23: 642Q3 23: 647647Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022649
Q4 2022633
Q1 2023635
Q2 2023642
Q3 2023647

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 23Q3 23: 325 bought or addedQ3 23: 265 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022288317
Q1 2023338237
Q2 2023312270
Q3 2023325265

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ4 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 1.09Q3 23 calls: $61.5mQ3 23 puts: $105.4mQ3 23P/C 1.71
Numbers
QuarterCallsPutsP/C
Q4 2022$45.7m$18.3m0.40
Q1 2023$46.1m$30.1m0.65
Q2 2023$70.2m$76.7m1.09
Q3 2023$61.5m$105.4m1.71

Biggest buyers

PRICE T ROWE ASSOCIATES INC /MD/ Added +520,056+520.1k
MACQUARIE GROUP LTD Added +355,699+355.7k
WELLINGTON MANAGEMENT GROUP LLP Added +341,332+341.3k
CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC Added +270,542+270.5k
Robeco Institutional Asset Management B.V. Added +172,418+172.4k
DEUTSCHE BANK AG\ Added +151,995+152.0k
Waterfront Capital Partners, LLC New +148,000+148.0k
Hazelview Securities Inc. New +139,200+139.2k
NORTHERN TRUST CORP Added +126,288+126.3k
Man Group plc New +120,071+120.1k

Biggest sellers

Invesco Ltd. Reduced -837,800-837.8k
D1 Capital Partners L.P. Sold out -808,348-808.3k
STATE STREET CORP Reduced -617,712-617.7k
CIBC Private Wealth Group LLC Reduced -542,679-542.7k
JPMORGAN CHASE & CO Reduced -455,901-455.9k
Heitman Real Estate Securities LLC Reduced -345,795-345.8k
CENTERSQUARE INVESTMENT MANAGEMENT LLC Reduced -255,953-256.0k
Echo Street Capital Management LLC Reduced -221,935-221.9k
Nuveen Asset Management, LLC Reduced -123,023-123.0k
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Reduced -120,371-120.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $16.3m94.7k shares
CITADEL ADVISORS LLC Added $14.9m86.6k shares
Walleye Trading LLC Added $7.5m43.7k shares
MILLENNIUM MANAGEMENT LLC Added $6.0m35.0k shares
SIMPLEX TRADING, LLC Added $4.0m23.4k shares
JANE STREET GROUP, LLC Reduced $3.3m19.2k shares
WOLVERINE TRADING, LLC Added $3.3m19.1k shares
IMC-Chicago, LLC New $1.8m10.6k shares
Walleye Capital LLC Reduced $1.0m5.9k shares
GTS SECURITIES LLC New $824.4k4.8k shares

Biggest puts

CITADEL ADVISORS LLC Added $25.4m148.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $16.8m98.0k shares
SIMPLEX TRADING, LLC Added $12.4m72.4k shares
GROUP ONE TRADING LLC Unchanged $11.1m64.9k shares
JANE STREET GROUP, LLC Added $10.4m60.6k shares
Walleye Capital LLC Added $7.8m45.3k shares
GTS SECURITIES LLC New $5.9m34.1k shares
PEAK6 Investments LLC Added $5.4m31.4k shares
CAPSTONE INVESTMENT ADVISORS, LLC Added $2.5m14.4k shares
Walleye Trading LLC Reduced $2.3m13.4k 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.10% of their portfolio Valley Forge, PA 22,809,42022.8m $3.9bn $3.9bn 0.10% Reduced -47.0k -47,019
2 BlackRock Inc. 0.08% of their portfolio New York, NY 15,817,09615.8m $2.7bn $2.7bn 0.08% Added +93.2k +93,172
3 STATE STREET CORP 0.09% of their portfolio BOSTON, MA 9,529,9129.5m $1.7bn $1.7bn 0.09% Reduced -617.7k -617,712
4 NORGES BANK 0.22% of their portfolio OSLO, Q8 6,200,7786.2m $1.1bn $1.1bn 0.22% Unchanged
5 PRICE T ROWE ASSOCIATES INC /MD/ 0.14% of their portfolio BALTIMORE, MD 5,603,1725.6m $962.3m $962.3m 0.14% Added +520.1k +520,056
6 JPMORGAN CHASE & CO 0.10% of their portfolio NEW YORK, NY 4,794,7824.8m $823.5m $823.5m 0.10% Reduced -455.9k -455,901
7 PRINCIPAL FINANCIAL GROUP INC 0.59% of their portfolio DES MOINES, IA 4,747,6454.7m $815.4m $815.4m 0.59% Added +6.3k +6,349
8 GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio BOSTON, MA 3,320,2853.3m $569.1m $569.1m 0.07% Added +79.1k +79,052
9 DEUTSCHE BANK AG\ 0.28% of their portfolio FRANKFURT AM MAIN, 2M 2,496,6712.5m $428.8m $428.8m 0.28% Added +152.0k +151,995
10 WELLINGTON MANAGEMENT GROUP LLP 0.08% of their portfolio Boston, MA 2,298,1862.3m $394.7m $394.7m 0.08% Added +341.3k +341,332
11 NORTHERN TRUST CORP 0.08% of their portfolio CHICAGO, IL 2,278,3632.3m $391.3m $391.3m 0.08% Added +126.3k +126,288
12 Legal & General Group Plc 0.13% of their portfolio London, X0 2,235,8532.2m $384.0m $384.0m 0.13% Reduced -23.5k -23,514
13 DIMENSIONAL FUND ADVISORS LP 0.12% of their portfolio AUSTIN, TX 2,046,4722.0m $351.5m $351.5m 0.12% Added +57.4k +57,354
14 AMERIPRISE FINANCIAL INC 0.11% of their portfolio MINNEAPOLIS, MN 1,922,4731.9m $330.2m $330.2m 0.11% Reduced -57.7k -57,693
15 Clearbridge Investments, LLC 0.30% of their portfolio NEW YORK, NY 1,813,0771.8m $311.4m $311.4m 0.30% Reduced -44.1k -44,140
16 Invesco Ltd. 0.08% of their portfolio ATLANTA, GA 1,768,6471.8m $303.7m $303.7m 0.08% Reduced -837.8k -837,800
17 CANADA PENSION PLAN INVESTMENT BOARD 0.44% of their portfolio TORONTO ONTARIO, A6 1,749,1751.7m $300.4m $300.4m 0.44% Unchanged
18 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 1,653,1721.7m $283.9m $283.9m 0.03% Added +2.0k +2,048
19 GOLDMAN SACHS GROUP INC 0.07% of their portfolio NEW YORK, NY 1,626,6421.6m $279.4m $279.4m 0.07% Added +43.9k +43,867
20 CENTERSQUARE INVESTMENT MANAGEMENT LLC 3.21% of their portfolio CONSHOHOCKEN, PA 1,484,9881.5m $255.0m $255.0m 3.21% Reduced -256.0k -255,953
21 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio SAN FRANCISCO, CA 1,473,9791.5m $253.1m $253.1m 0.07% Added +29.5k +29,453
22 Nuveen Asset Management, LLC 0.09% of their portfolio CHICAGO, IL 1,444,9991.4m $248.2m $248.2m 0.09% Reduced -123.0k -123,023
23 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.11% of their portfolio NEW YORK, NY 1,376,3021.4m $236.4m $236.4m 0.11% Added +105.0k +105,023
24 Echo Street Capital Management LLC 2.15% of their portfolio New York, NY 1,346,3511.3m $231.2m $231.2m 2.15% Reduced -221.9k -221,935
25 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 1,114,6111.1m $191.4m $191.4m 0.04% Added +9.2k +9,223
26 Sumitomo Mitsui Trust Group, Inc. 0.14% of their portfolio CHIYODA-KU, TOKYO, M0 972,745972.7k $167.1m $167.1m 0.14% Added +18.5k +18,490
27 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio Boston, MA 801,580801.6k $137.7m $137.7m 0.05% Reduced -120.4k -120,371
28 Russell Investments Group, Ltd. 0.27% of their portfolio Seattle, WA 798,130798.1k $137.0m $137.0m 0.27% Added +18.3k +18,331
29 AEW CAPITAL MANAGEMENT L P 5.69% of their portfolio BOSTON, MA 791,902791.9k $136.0m $136.0m 5.69% Added +5.0k +5,031
30 APG Asset Management US Inc. 0.88% of their portfolio New York, NY 584,923584.9k $100.5m $100.5m 0.88% Reduced -34.2k -34,202
31 LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 4.48% of their portfolio BALTIMORE, MD 584,322584.3k $100.4m $100.4m 4.48% Reduced -11.1k -11,070
32 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 573,108573.1k $98.4m $98.4m 0.01% Reduced -50.1k -50,079
33 AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio KANSAS CITY, MO 529,695529.7k $91.0m $91.0m 0.07% Added +31.2k +31,171
34 CIBC Private Wealth Group LLC 0.21% of their portfolio ATLANTA, GA 524,145524.1k $90.0m $90.0m 0.21% Reduced -542.7k -542,679
35 SCHRODER INVESTMENT MANAGEMENT GROUP 0.13% of their portfolio London, X0 507,190507.2k $87.1m $87.1m 0.13% Added +2.8k +2,847
36 CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.69% of their portfolio RADNOR, PA 488,919488.9k $84.0m $84.0m 1.69% Added +270.5k +270,542
37 DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.07% of their portfolio CHICAGO, IL 474,227474.2k $81.4m $81.4m 1.07% Reduced -32.8k -32,805
38 Swiss National Bank 0.06% of their portfolio ZURICH, V8 456,821456.8k $78.5m $78.5m 0.06% Reduced -48.9k -48,900
39 MACQUARIE GROUP LTD 0.10% of their portfolio Sydney, NSW 2000, C3 449,972450.0k $77.3m $77.3m 0.10% Added +355.7k +355,699
40 HSBC HOLDINGS PLC 0.08% of their portfolio LONDON, X0 414,658414.7k $71.2m $71.2m 0.08% Added +49.7k +49,733
41 Amundi 0.03% of their portfolio Paris, I0 389,246389.2k $68.7m $68.7m 0.03% Added +14.4k +14,368
42 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 385,747385.7k $66.2m $66.2m 0.02% Added +69.9k +69,929
43 California Public Employees Retirement System 0.05% of their portfolio Sacramento, CA 352,023352.0k $60.5m $60.5m 0.05% Added +8.8k +8,808
44 Thrivent Financial for Lutherans 0.14% of their portfolio Minneapolis, MN 349,356349.4k $60.0m $60.0m 0.14% Added +45.1k +45,147
45 UBS Group AG 0.03% of their portfolio ZURICH, V8 342,515342.5k $58.8m $58.8m 0.03% Added +28.6k +28,648
46 AXA S.A. 0.20% of their portfolio PARIS, I0 332,202332.2k $57.1m $57.1m 0.20% Reduced -16.1k -16,084
47 Robeco Institutional Asset Management B.V. 0.15% of their portfolio ROTTERDAM, P7 318,026318.0k $54.6m $54.6m 0.15% Added +172.4k +172,418
48 Aberdeen Group plc 0.14% of their portfolio EDINBURGH, X0 317,128317.1k $54.5m $54.5m 0.14% Added +7.5k +7,545
49 FMR LLC 0.00% of their portfolio BOSTON, MA 312,740312.7k $53.7m $53.7m 0.00% Reduced -4.6k -4,610
50 RHUMBLINE ADVISERS 0.06% of their portfolio BOSTON, MA 299,002299.0k $51.4m $51.4m 0.06% Reduced -241 -241
51 CANADA LIFE ASSURANCE Co 0.12% of their portfolio WINNIPEG, A2 298,451298.5k $51.3m $51.3m 0.12% Added +5.2k +5,166
52 Asset Management One Co., Ltd. 0.23% of their portfolio TOKYO, M0 297,168297.2k $51.0m $51.0m 0.23% Reduced -17.8k -17,756
53 CREDIT SUISSE AG/ 0.05% of their portfolio ZURICH, V8 282,858282.9k $48.6m $48.6m 0.05% Reduced -4.2k -4,199
54 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.20% of their portfolio COLUMBUS, OH 266,664266.7k $45.8m $45.8m 0.20% Added +12.5k +12,458
55 State of Tennessee, Department of Treasury 0.18% of their portfolio NASHVILLE, TN 265,097265.1k $45.5m $45.5m 0.18% Added +30.9k +30,900
56 BARCLAYS PLC 0.03% of their portfolio LONDON, X0 264,583264.6k $45.4m $45.4m 0.03% Added +32.0k +32,020
57 SEI INVESTMENTS CO 0.08% of their portfolio OAKS, PA 262,981263.0k $45.2m $45.2m 0.08% Added +8.4k +8,391
58 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 247,160247.2k $42.4m $42.4m 0.01% Reduced -42.3k -42,253
59 FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 1.02% of their portfolio PORTLAND, OR 243,638243.6k $41.8m $41.8m 1.02% Added +1.3k +1,316
60 Allianz Asset Management GmbH 0.08% of their portfolio MUNICH, 2M 242,388242.4k $41.6m $41.6m 0.08% Added +20.0k +20,004
61 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 235,542235.5k $40.5m $40.5m 0.02% Added +910 +910
62 M&T Bank Corp 0.15% of their portfolio BUFFALO, NY 221,649221.6k $38.1m $38.1m 0.15% Reduced -2.9k -2,904
63 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio WEST SACRAMENTO, CA 220,529220.5k $37.9m $37.9m 0.06% Reduced -7.1k -7,113
64 Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio TOKYO, M0 215,360215.4k $37.0m $37.0m 0.07% Added +12.6k +12,624
65 NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio ALBANY, NY 204,258204.3k $35.1m $35.1m 0.05% Added +19.9k +19,856
66 NOMURA ASSET MANAGEMENT CO LTD 0.16% of their portfolio TOKYO, M0 195,044195.0k $33.5m $33.5m 0.16% Added +5.0k +5,023
67 Utah Retirement Systems 0.47% of their portfolio SALT LAKE CITY, UT 191,756191.8k $32.9m $32.9m 0.47% Added +22.6k +22,600
68 National Pension Service 0.05% of their portfolio JEONJU-SI, JEOLLABUK-DO, M5 187,167187.2k $32.7m $32.7m 0.05% Added +5.5k +5,474
69 VIRGINIA RETIREMENT SYSTEMS ET Al 0.31% of their portfolio RICHMOND, VA 182,660182.7k $31.4m $31.4m 0.31% Added +14.7k +14,700
70 Presima Securities ULC 8.00% of their portfolio MONTREAL, A8 179,491179.5k $30.8m $30.8m 8.00% Added +27.1k +27,131
71 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 179,175179.2k $30.8m $30.8m 0.02% Added +16.9k +16,948
72 TORONTO DOMINION BANK 0.03% of their portfolio TORONTO, ONTARIO, A6 176,028176.0k $30.2m $30.2m 0.03% Added +25.3k +25,340
73 STRS OHIO 0.13% of their portfolio COLUMBUS, OH 173,416173.4k $29.8m $29.8m 0.13% Added +47.2k +47,166
74 JUPITER ASSET MANAGEMENT LTD 0.30% of their portfolio London, X0 159,834159.8k $27.4m $27.4m 0.30% Added +106.7k +106,676
75 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 157,807157.8k $27.1m $27.1m 0.03% Added +7.4k +7,351
76 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.06% of their portfolio TALLAHASSEE, FL 154,952155.0k $26.6m $26.6m 0.06% Reduced -14.9k -14,880
77 SUN LIFE FINANCIAL INC 1.90% of their portfolio Toronto, A6 150,427150.4k $25.8m $25.8m 1.90% Unchanged
78 Adelante Capital Management LLC 2.06% of their portfolio ALAMEDA, CA 148,452148.5k $25.5m $25.5m 2.06% Added +28.0k +28,001
79 Waterfront Capital Partners, LLC 2.57% of their portfolio NEW YORK, NY 148,000148.0k $25.4m $25.4m 2.57% New
80 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 146,784146.8k $25.2m $25.2m 0.02% Reduced -4.2k -4,175
81 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 146,112146.1k $25.1m $25.1m 0.04% Added +28.2k +28,210
82 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 139,777139.8k $24.0m $24.0m 0.05% Added +10.0k +10,019
83 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 139,327139.3k $23.9m $23.9m 0.01% Added +41.6k +41,585
84 Hazelview Securities Inc. 4.25% of their portfolio TORONTO, A6 139,200139.2k $23.4m $23.4m 4.25% New
85 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio ALBANY, NY 138,798138.8k $23.8m $23.8m 0.06% Reduced -1.2k -1,156
86 Ensign Peak Advisors, Inc 0.05% of their portfolio SALT LAKE CITY, UT 137,285137.3k $23.6m $23.6m 0.05% Reduced -7.1k -7,079
87 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 136,658136.7k $25.1m $25.1m 0.01% Added +24.6k +24,583
88 Mitsubishi UFJ Trust & Banking Corp 0.06% of their portfolio TOKYO, M0 135,620135.6k $23.3m $23.3m 0.06% Added +53.5k +53,534
89 AVIVA PLC 0.10% of their portfolio LONDON, X0 131,923131.9k $22.7m $22.7m 0.10% Added +21.0k +21,044
90 PRUDENTIAL FINANCIAL INC 0.03% of their portfolio NEWARK, NJ 127,784127.8k $21.9m $21.9m 0.03% Added +3.1k +3,110
91 CHILTON CAPITAL MANAGEMENT LLC 1.18% of their portfolio HOUSTON, TX 121,419121.4k $21.0m $21.0m 1.18% Reduced -3.3k -3,271
92 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 121,378121.4k $20.8m $20.8m 0.01% Added +4.0k +4,006
93 Moran Wealth Management, LLC 0.80% of their portfolio NAPLES, FL 120,306120.3k $20.7m $20.7m 0.80% Reduced -45.5k -45,528
94 Man Group plc 0.06% of their portfolio LONDON, X0 120,071120.1k $20.6m $20.6m 0.06% New
95 STOREBRAND ASSET MANAGEMENT AS 0.10% of their portfolio LYSAKER, Q8 120,029120.0k $20.6m $20.6m 0.10% Reduced -577 -577
96 Retirement Systems of Alabama 0.09% of their portfolio MONTGOMERY, AL 117,273117.3k $20.1m $20.1m 0.09% Reduced -86 -86
97 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 114,637114.6k $19.7m $19.7m 0.03% Reduced -28.3k -28,349
98 GUGGENHEIM CAPITAL LLC 0.17% of their portfolio CHICAGO, IL 113,408113.4k $19.5m $19.5m 0.17% Reduced -15.1k -15,064
99 MAPLELANE CAPITAL, LLC 2.03% of their portfolio New York, NY 111,000111.0k $19.1m $19.1m 2.03% Unchanged
100 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 110,914110.9k $19.0m $19.0m 0.03% Reduced -84.3k -84,300