CBL & ASSOC PPTYS INC CBL
COMMON STOCK · REIT · CUSIP 124830878
American real estate investment trust
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersChattanooga, TN
- Founded1979
- Websitecblproperties.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 ($1.1m this quarter). Holder counts are more reliable. Shares outstanding: 30.9m as of 2026-08-03, 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 ≈ $52.92. Options: 0 managers hold calls (— notional), 1 hold puts ($350.4k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 95 |
| Q4 2022 | 94 |
| Q1 2023 | 101 |
| Q2 2023 | 102 |
| Q3 2023 | 98 |
| Q4 2023 | 111 |
| Q1 2024 | 116 |
| Q2 2024 | 113 |
| Q3 2024 | 147 |
| Q4 2024 | 156 |
| Q1 2025 | 165 |
| Q2 2025 | 164 |
| Q3 2025 | 178 |
| Q4 2025 | 191 |
| Q1 2026 | 196 |
| Q2 2026 | 228 |
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 | 73 | 44 |
| Q4 2024 | 77 | 65 |
| Q1 2025 | 73 | 63 |
| Q2 2025 | 71 | 86 |
| Q3 2025 | 88 | 66 |
| Q4 2025 | 100 | 68 |
| Q1 2026 | 106 | 69 |
| Q2 2026 | 147 | 65 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $746.2k | $1.1m | 1.54 |
| Q4 2025 | $10.5m | $3.7k | 0.00 |
| Q1 2026 | $668.7k | $0 | 0.00 |
| Q2 2026 | $0 | $350.4k | — |
Biggest buyers
| LSV ASSET MANAGEMENT | Added | +375.9k |
| MARSHALL WACE, LLP | New | +305.2k |
| PRUDENTIAL FINANCIAL INC | Added | +272.4k |
| BlackRock, Inc. | Added | +262.4k |
| MACKENZIE FINANCIAL CORP | New | +251.7k |
| FIRST TRUST ADVISORS LP | New | +247.0k |
| Nuveen, LLC | Added | +192.4k |
| CITADEL ADVISORS LLC | Added | +190.8k |
| JPMORGAN CHASE & CO | Added | +183.6k |
| Pacer Advisors, Inc. | New | +133.7k |
Biggest sellers
| OAKTREE CAPITAL MANAGEMENT LP | Sold out | -2.2m |
| CANYON CAPITAL ADVISORS LLC | Reduced | -1.1m |
| VALUEWORKS LLC | Sold out | -104.1k |
| Caption Management, LLC | Reduced | -100.2k |
| Creek Drive Management Group LLC | Sold out | -78.0k |
| Beverly Hills Private Wealth, LLC | Reduced | -75.1k |
| Emmett Investment Management, LP | Reduced | -59.8k |
| Campbell & CO Investment Adviser LLC | Sold out | -28.8k |
| TEACHER RETIREMENT SYSTEM OF TEXAS | Reduced | -28.3k |
| JANE STREET GROUP, LLC | Reduced | -28.1k |
Biggest calls
| None |
Biggest puts
| CITADEL ADVISORS LLC | New | $350.4k6.6k 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 |
|---|---|
| CANYON CAPITAL ADVISORS LLC 13D · may seek influence -4.3 pts · filed 2026-10-08 | 19.7% |
| BlackRock, Inc. 13G · institution +0.1 pts · filed 2026-01-21 | 5.1% |
Fell to 5% or below in the last year: OCM Xb CBL-E Holdings, LLC (2.6%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-26)
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 | — | 1 | $1.5k | — |
| Q1 2025 | 0 | — | 3 | $407.9k | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 2 | $204.0k | — |
| Q4 2025 | 1 | $127.4k | 2 | $375.9k | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 4 | $1.1m | — |
| Q3 2026 | 0 | — | 5 | $4.4m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-24 | Cope Jennifer EVP Ops Services & Risk Mgmt | Sold | $351.7k6.8k shares |
| 2026-09-22 | Khalili Joseph EVP Financial Planning & Anlys | Sold | $366.6k6.8k shares |
| 2026-09-16 | LEBOVITZ STEPHEN D CEO, director | Sold | $2.6m50.0k shares |
| 2026-09-03 | Curry Jeffery V. Chief Legal Officer & Sec. | Sold | $37.5k681 shares |
| 2026-08-18 | Reinsmidt Kathryn A. EVP - Chief Operating Officer | Sold | $1.0m17.5k shares |
| 2026-06-18 | Grody Howard B. Exec VP-Leasing | Sold | $275.1k5.7k shares |
| 2026-06-05 | Fields David Michael Director | Sold | $172.3k3.6k shares |
| 2026-06-02 | Jaenicke Benjamin W EVP - Chief Financial Officer | Sold | $315.0k6.5k shares |
| 2026-05-22 | CANYON CAPITAL ADVISORS LLC +2 Member of 10% owner group · See footnotes | Sold | $48.8m1.1m shares |
| 2026-05-14 | Cobb Andrew Franklin Exec VP-Accounting | Sold | $373.3k8.2k 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 |
|---|---|---|
| CANYON CAPITAL ADVISORS LLC 44.64% of their portfolio | 7.4m $393.7m | Reduced -1.1m |
| BlackRock, Inc. 0.00% of their portfolio | 2.1m $108.8m | Added +262.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 890.5k $47.3m | Added +99.1k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 787.6k $41.8m | Added +113.2k |
| STATE STREET CORP 0.00% of their portfolio | 654.2k $34.7m | Added +13.9k |
| Taconic Capital Advisors LP 19.14% of their portfolio | 598.3k $31.8m | Reduced -10.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 570.8k $30.3m | Added +77.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 453.6k $24.1m | Added +111.4k |
| LSV ASSET MANAGEMENT 0.04% of their portfolio | 452.2k $24.0m | Added +375.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio | 422.0k $22.4m | Added +16.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 412.5k $21.9m | Reduced -1.6k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 387.6k $20.6m | Added +272.4k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 365.7k $19.4m | Added +41.1k |
| FIRST MANHATTAN CO. LLC. 0.05% of their portfolio | 354.4k $18.8m | Reduced -12.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 341.2k $18.2m | Added +183.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 313.8k $16.7m | Reduced -5.4k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 305.2k $16.2m | New |
| Allianz Asset Management GmbH 0.01% of their portfolio | 284.9k $11.9m | Added +25.3k |
| Nuveen, LLC 0.00% of their portfolio | 252.4k $13.4m | Added +192.4k |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 251.7k $13.4m | New |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 247.0k $13.1m | New |
| Arbiter Partners Capital Management LLC 3.21% of their portfolio | 218.5k $11.6m | Added +109.2k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 213.0k $11.3m | Added +190.8k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 213.0k $11.3m | Added +7.5k |
| TUDOR INVESTMENT CORP ET AL 0.05% of their portfolio | 207.1k $11.0m | Added +109.6k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.05% of their portfolio | 199.1k $10.6m | Added +61.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 188.4k $10.0m | Added +1.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 187.1k $9.9m | Added +64.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 181.3k $9.6m | Added +17.4k |
| MORGAN STANLEY 0.00% of their portfolio | 180.6k $9.6m | Added +50.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 174.9k $9.3m | Reduced -6.5k |
| Alpha Wave Global, LP 0.14% of their portfolio | 160.0k $8.5m | Added +13.5k |
| Beverly Hills Private Wealth, LLC 1.55% of their portfolio | 152.1k $8.1m | Reduced -75.1k |
| Pacer Advisors, Inc. 0.02% of their portfolio | 133.7k $7.1m | New |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 132.6k $7.0m | Added +2.3k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 128.3k $6.8m | Added +83.8k |
| REDWOOD CAPITAL MANAGEMENT, LLC 0.67% of their portfolio | 117.6k $6.2m | Unchanged |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 117.2k $6.2m | Added +13.0k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 113.6k $6.0m | Added +43.5k |
| PANAGORA ASSET MANAGEMENT INC 0.02% of their portfolio | 108.0k $5.7m | Added +47.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 107.0k $5.7m | Reduced -7.1k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 106.4k $5.6m | Added +29.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 103.6k $5.5m | Added +47.0k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 98.8k $5.2m | Added +83.2k |
| HRT FINANCIAL LP 0.01% of their portfolio | 97.6k $5.2m | Reduced -17.4k |
| SG Americas Securities, LLC 0.00% of their portfolio | 97.4k $5.2m | Added +38.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 94.8k $5.0m | Reduced -19.3k |
| Caption Management, LLC 0.16% of their portfolio | 86.9k $4.6m | Reduced -100.2k |
| Beacon Pointe Advisors, LLC 0.02% of their portfolio | 86.8k $4.6m | Reduced -45 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 82.9k $4.4m | Added +14.1k |
| Man Group plc 0.01% of their portfolio | 81.9k $4.4m | Added +23.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 80.7k $3.1m | Added +54.5k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 79.0k $4.2m | Added +55.5k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 77.1k $4.1m | Added +20.5k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 77.0k $4.1m | Added +10.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 76.7k $4.1m | New |
| UBS Group AG 0.00% of their portfolio | 71.1k $3.8m | Reduced -14.7k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 70.5k $3.7m | Added +12.8k |
| MARTINGALE ASSET MANAGEMENT L P 0.09% of their portfolio | 68.7k $3.6m | Added +3.3k |
| Emmett Investment Management, LP 2.56% of their portfolio | 66.1k $3.7m | Reduced -59.8k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 60.3k $3.2m | Added +5.0k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 57.1k $3.0m | Reduced -12.0k |
| RITHOLTZ WEALTH MANAGEMENT 0.04% of their portfolio | 53.5k $2.8m | Added +15.6k |
| CITIGROUP INC 0.00% of their portfolio | 53.1k $2.8m | Added +29.3k |
| BARCLAYS PLC 0.00% of their portfolio | 50.0k $2.7m | Added +16.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 48.5k $2.6m | Reduced -576 |
| Invesco Ltd. 0.00% of their portfolio | 48.1k $2.6m | Added +5.2k |
| FMR LLC 0.00% of their portfolio | 42.0k $2.2m | Added +14.2k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.14% of their portfolio | 41.8k $2.2m | Added +22.3k |
| AM INVESTMENT STRATEGIES LLC 0.39% of their portfolio | 38.7k $2.1m | Unchanged |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 37.8k $2.0m | Added +4.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 36.3k $1.9m | Added +36 |
| Y-Intercept (Hong Kong) Ltd 0.04% of their portfolio | 36.0k $1.9m | Added +23.1k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 35.9k $1.9m | Added +174 |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 33.2k $1.8m | Reduced -3.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 33.0k $1.8m | Reduced -4.8k |
| OPPENHEIMER & CO INC 0.02% of their portfolio | 32.9k $1.7m | Reduced -1.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 31.2k $1.7m | Added +2.6k |
| Swiss National Bank 0.00% of their portfolio | 31.1k $1.7m | Added +600 |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 30.6k $1.6m | Reduced -28.3k |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 29.9k $1.6m | New |
| NORGES BANK 0.00% of their portfolio | 29.0k $1.5m | Not comparable |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 27.7k $1.5m | Added +11.7k |
| GLOBEFLEX CAPITAL L P 0.18% of their portfolio | 26.9k $1.4m | New |
| CORSAIR CAPITAL MANAGEMENT, L.P. 0.18% of their portfolio | 26.9k $1.4m | Reduced -325 |
| NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio | 26.6k $1.4m | Added +2.7k |
| MEEDER ASSET MANAGEMENT INC 0.07% of their portfolio | 26.6k $1.4m | Added +5.2k |
| Quantinno Capital Management LP 0.00% of their portfolio | 26.2k $1.4m | Added +7.1k |
| Robeco Institutional Asset Management B.V. 0.00% of their portfolio | 25.8k $1.4m | New |
| Susquehanna Portfolio Strategies, LLC 0.02% of their portfolio | 24.8k $1.3m | Added +6.0k |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 23.9k $1.3m | New |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 23.6k $1.3m | Reduced -2.5k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 22.4k $1.2m | Reduced -28.1k |
| Quantbot Technologies LP 0.05% of their portfolio | 22.1k $1.2m | Added +4.9k |
| Asset Management One Co., Ltd. 0.00% of their portfolio | 21.9k $1.2m | Reduced -6 |
| BAILARD, INC. 0.02% of their portfolio | 20.9k $1.1m | Reduced -1.4k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 20.9k $1.1m | Added +44 |
| Legal & General Group Plc 0.00% of their portfolio | 20.6k $1.1m | Added +8.8k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio | 20.2k $1.1m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 20.1k $1.1m | Added +633 |