BRANDYWINE RLTY TR BDN
SH BEN INT NEW · REIT · CUSIP 105368203
Real Estate Investment Firm
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersPhiladelphia, PA
- Founded1986
- Websitebrandywinerealty.com
- FilingsSEC EDGAR
* 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 ($161.3k this quarter). Holder counts are more reliable. Shares outstanding: 173.7m as of 2026-04-26, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $3.17. Options: 3 managers hold calls ($132.5k notional), 6 hold puts ($2.3m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 251 |
| Q4 2022 | 257 |
| Q1 2023 | 255 |
| Q2 2023 | 247 |
| Q3 2023 | 247 |
| Q4 2023 | 263 |
| Q1 2024 | 250 |
| Q2 2024 | 251 |
| Q3 2024 | 284 |
| Q4 2024 | 266 |
| Q1 2025 | 277 |
| Q2 2025 | 263 |
| Q3 2025 | 256 |
| Q4 2025 | 248 |
| Q1 2026 | 231 |
| Q2 2026 | 232 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 136 | 103 |
| Q4 2024 | 115 | 128 |
| Q1 2025 | 126 | 120 |
| Q2 2025 | 129 | 120 |
| Q3 2025 | 128 | 124 |
| Q4 2025 | 116 | 141 |
| Q1 2026 | 120 | 130 |
| Q2 2026 | 129 | 87 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $255.7k | $3.0m | 11.83 |
| Q4 2025 | $74.2k | $4.1m | 55.24 |
| Q1 2026 | $165.6k | $3.1m | 18.72 |
| Q2 2026 | $132.5k | $2.3m | 17.70 |
Biggest buyers
| BlackRock, Inc. | Added | +3.7m |
| AQR CAPITAL MANAGEMENT LLC | Added | +1.9m |
| MARSHALL WACE, LLP | Added | +1.7m |
| GOLDMAN SACHS GROUP INC | Added | +919.0k |
| AMERIPRISE FINANCIAL INC | Added | +583.4k |
| TUDOR INVESTMENT CORP ET AL | Added | +457.3k |
| Allianz Asset Management GmbH | Added | +380.2k |
| JANE STREET GROUP, LLC | Added | +323.9k |
| IEQ CAPITAL, LLC | Added | +274.2k |
| NATIXIS | Added | +272.5k |
Biggest sellers
| NORDEA INVESTMENT MANAGEMENT AB | Sold out | -3.1m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -941.2k |
| Point72 Asset Management, L.P. | Reduced | -754.7k |
| FEDERATED HERMES, INC. | Reduced | -676.4k |
| HRT FINANCIAL LP | Reduced | -640.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -500.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Reduced | -412.0k |
| UBS Group AG | Reduced | -381.5k |
| LM Asset Management Inc. | Reduced | -371.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -350.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $89.1k28.1k shares |
| CITADEL ADVISORS LLC | Added | $42.8k13.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $634200 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.6m520.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $395.3k124.7k shares |
| CITADEL ADVISORS LLC | Reduced | $156.0k49.2k shares |
| IMC-Chicago, LLC | Reduced | $91.0k28.7k shares |
| JANE STREET GROUP, LLC | Added | $52.9k16.7k shares |
| GROUP ONE TRADING LLC | Reduced | $951300 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.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution -7.1 pts · filed 2026-02-06 | 9.4% |
| BlackRock Portfolio Management LLC 13G · institution new · filed 2026-07-17 | 5.2% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), STATE STREET CORP (4.6%, 2026-02-09)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 1 | $250.6k | 1 | $68.2k | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 1 | $299.1k | 1 | $80.5k | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 1 | $100.3k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-14 | SWEENEY GERARD H President and CEO, director | Bought | $100.3k33.9k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 25.8m $81.6m | Added +3.7m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 8.6m $27.4m | Reduced -85.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 7.4m $23.4m | Reduced -12.1k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio | 6.8m $21.5m | Added +202.4k |
| STATE STREET CORP 0.00% of their portfolio | 5.7m $18.2m | Added +215.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 5.4m $17.2m | Added +919.0k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 5.4m $17.1m | Added +1.9m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 5.1m $16.2m | Reduced -412.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 5.0m $15.8m | Added +248.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 4.2m $13.3m | Added +583.4k |
| LM Asset Management Inc. 7.39% of their portfolio | 3.4m $10.7m | Reduced -371.0k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 3.3m $10.4m | Added +77.3k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 2.9m $9.3m | Added +323.9k |
| Divco West Real Estate Services, LLC 8.24% of their portfolio | 2.4m $7.8m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 2.1m $6.7m | Added +253.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.8m $5.7m | Added +113.0k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 1.8m $5.7m | Added +1.7m |
| Allianz Asset Management GmbH 0.01% of their portfolio | 1.8m $5.6m | Added +380.2k |
| MORGAN STANLEY 0.00% of their portfolio | 1.4m $4.5m | Reduced -271.8k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 1.3m $4.2m | Added +457.3k |
| WOLVERINE ASSET MANAGEMENT LLC 0.05% of their portfolio | 1.2m $3.9m | Reduced -127.0k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 1.2m $3.7m | Added +48.6k |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 1.1m $3.6m | Unchanged |
| CONGRESS ASSET MANAGEMENT CO 0.02% of their portfolio | 1.0m $3.2m | Added +10.7k |
| HRT FINANCIAL LP 0.01% of their portfolio | 850.4k $2.7m | Reduced -640.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 788.3k $2.6m | Added +39.6k |
| Nuveen, LLC 0.00% of their portfolio | 762.3k $2.4m | Added +64.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 730.7k $2.3m | Reduced -16.6k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 596.3k $1.9m | Reduced -754.7k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 594.0k $1.9m | Reduced -184.8k |
| Invesco Ltd. 0.00% of their portfolio | 514.1k $1.6m | Reduced -72.0k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 473.9k $1.5m | Added +274.2k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 466.9k $1.5m | Reduced -676.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 457.5k $1.5m | Reduced -240.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 438.5k $1.4m | Added +1.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 426.1k $1.4m | Added +205.3k |
| Penserra Capital Management LLC 0.01% of their portfolio | 410.1k $1.3m | Added +70.1k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 409.6k $1.3m | Reduced -293.6k |
| Abundance Wealth Counselors 0.08% of their portfolio | 392.9k $1.2m | Added +196.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 353.8k $1.1m | Added +90.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 352.4k $1.1m | Reduced -941.2k |
| Swiss National Bank 0.00% of their portfolio | 331.2k $1.0m | Reduced -11.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 312.0k $989.1k | Reduced -197.3k |
| UBS Group AG 0.00% of their portfolio | 309.8k $982.2k | Reduced -381.5k |
| NATIXIS 0.00% of their portfolio | 300.0k $951.0k | Added +272.5k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 291.5k $921.0k | Reduced -15.9k |
| NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio | 286.9k $909.5k | Added +20.0k |
| Graham Capital Management, L.P. 0.02% of their portfolio | 279.0k $884.3k | Reduced -69.4k |
| Verus Financial Partners, Inc. 0.07% of their portfolio | 272.4k $863.6k | Added +11.7k |
| Hazelview Securities Inc. 0.12% of their portfolio | 266.0k $861.8k | Added +218.9k |
| XTX Topco Ltd 0.01% of their portfolio | 258.8k $820.3k | Added +43.2k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 245.3k $777.7k | Added +2.4k |
| Pacific Ridge Capital Partners, LLC 0.14% of their portfolio | 245.0k $776.7k | Reduced -2.8k |
| Mariner, LLC 0.00% of their portfolio | 241.3k $765.2k | Added +160.1k |
| Asset Management One Co., Ltd. 0.00% of their portfolio | 221.4k $701.8k | Reduced -11.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 216.3k $685.6k | Added +29.0k |
| BARCLAYS PLC 0.00% of their portfolio | 214.9k $681.2k | Reduced -48.3k |
| Inspire Investing, LLC 0.03% of their portfolio | 213.2k $675.7k | Added +21.5k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 204.4k $648.0k | Reduced -5.0k |
| CITIGROUP INC 0.00% of their portfolio | 201.7k $639.3k | Added +500 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 186.5k $591.1k | Reduced -500.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 169.6k $537.5k | Reduced -8.5k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 169.1k $479.9k | Added +93.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 166.1k $526.4k | Added +29.4k |
| Cerity Partners LLC 0.00% of their portfolio | 165.8k $525.5k | Added +74.7k |
| Verition Fund Management LLC 0.00% of their portfolio | 165.0k $523.1k | Reduced -39.9k |
| ExodusPoint Capital Management, LP 0.00% of their portfolio | 164.8k $522.3k | Added +53.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 162.6k $515.5k | Reduced -5.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 160.8k $435.6k | Reduced -697 |
| BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio | 160.4k $508.4k | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 155.7k $493.4k | Unchanged |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 147.9k $469.0k | Added +36.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 143.4k $454.6k | Added +64.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 142.3k $451.2k | Added +77.2k |
| Sterling Capital Management LLC 0.01% of their portfolio | 141.7k $449.2k | Reduced -8.8k |
| Legal & General Group Plc 0.00% of their portfolio | 134.1k $425.2k | Reduced -29.5k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 132.2k $419.1k | Added +85.4k |
| Pensionfund PDN 0.21% of their portfolio | 131.4k $417.0k | Unchanged |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 128.8k $408.5k | Added +5.6k |
| Creative Planning 0.00% of their portfolio | 125.6k $398.1k | Added +73.9k |
| Gallagher Fiduciary Advisors, LLC 0.01% of their portfolio | 116.8k $370.2k | Reduced -4.3k |
| Atria Investments, Inc 0.00% of their portfolio | 116.2k $368.4k | Reduced -4.4k |
| Squarepoint Ops LLC 0.00% of their portfolio | 114.6k $363.4k | Reduced -75.5k |
| Redhawk Wealth Advisors, Inc. 0.04% of their portfolio | 113.9k $361.2k | New |
| WINTON GROUP Ltd 0.01% of their portfolio | 109.5k $347.1k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 99.8k $316.5k | Added +10.5k |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 94.4k $298.0k | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 93.3k $295.6k | Unchanged |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 91.3k $289.0k | Reduced -1.4k |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 89.9k $285.1k | Added +56.1k |
| FMR LLC 0.00% of their portfolio | 86.8k $275.2k | Added +71.9k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 82.7k $262.0k | Added +64.0k |
| Resona Asset Management Co.,Ltd. 0.00% of their portfolio | 78.4k $253.8k | Unchanged |
| ALPS ADVISORS INC 0.00% of their portfolio | 77.9k $246.9k | Added +1.5k |
| Jupiter Topco LLC 0.00% of their portfolio | 74.9k $237.2k | First filing |
| Vert Asset Management LLC 0.06% of their portfolio | 72.5k $229.8k | Added +6.2k |
| Arrow Investment Advisors, LLC 0.22% of their portfolio | 71.2k $225.7k | Added +6.0k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 69.1k $218.9k | Added +35.9k |
| Investment Research Partners LLC 0.07% of their portfolio | 68.7k $217.7k | Added +8.7k |
| SHEETS SMITH WEALTH MANAGEMENT 0.02% of their portfolio | 68.5k $217.1k | Added +1.9k |