CBRE GROUP INC CBRE
CL A · Common Stock · CUSIP 12504L109 · ISIN US12504L1098
* 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 ($74.0m this quarter). Holder counts are more reliable. Shares outstanding: 310.8m as of 2023-04-24, 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 ≈ $72.79. Options: 15 managers hold calls ($48.1m notional), 18 hold puts ($111.5m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 700 |
| Q4 2022 | 702 |
| Q1 2023 | 708 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 309 | 342 |
| Q1 2023 | 343 | 311 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $43.8m | $17.4m | 0.40 |
| Q4 2022 | $30.7m | $14.5m | 0.47 |
| Q1 2023 | $48.1m | $111.5m | 2.32 |
Biggest buyers
| FMR LLC | Added | +10.5m |
| LONDON CO OF VIRGINIA | New | +1.7m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.1m |
| LORD, ABBETT & CO. LLC | New | +1.1m |
| Long Pond Capital, LP | New | +962.0k |
| Balyasny Asset Management L.P. | Added | +797.9k |
| JANUS HENDERSON GROUP PLC | Added | +502.6k |
| Caisse de depot et placement du Quebec | Added | +495.7k |
| Swedbank AB | Added | +436.4k |
| ENVESTNET ASSET MANAGEMENT INC | Added | +395.3k |
Biggest sellers
| NISSAY ASSET MANAGEMENT CORP /JAPAN | Reduced | -804.1k |
| Allspring Global Investments Holdings, LLC | Reduced | -652.6k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -518.4k |
| Southpoint Capital Advisors LP | Sold out | -500.0k |
| Sumitomo Mitsui Trust Group, Inc. | Reduced | -434.9k |
| MACQUARIE GROUP LTD | Reduced | -426.3k |
| AMERIPRISE FINANCIAL INC | Reduced | -416.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -406.8k |
| BAILLIE GIFFORD & CO | Reduced | -394.6k |
| MORGAN STANLEY | Reduced | -379.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $12.4m170.4k shares |
| CITADEL ADVISORS LLC | Added | $7.9m108.9k shares |
| SIMPLEX TRADING, LLC | Added | $5.7m78.5k shares |
| JANE STREET GROUP, LLC | Added | $4.4m60.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $4.0m56.9k shares |
| Squarepoint Ops LLC | Added | $4.0m55.1k shares |
| Walleye Trading LLC | Added | $3.4m46.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $1.9m26.4k shares |
| GROUP ONE TRADING LLC | Added | $1.7m23.6k shares |
| Maven Securities LTD | Reduced | $1.6m21.9k shares |
Biggest puts
| Deer Park Road Corp | New | $36.4m500.0k shares |
| PEAK6 Investments LLC | Added | $22.0m302.2k shares |
| NOMURA HOLDINGS INC | New | $18.2m250.0k shares |
| SIMPLEX TRADING, LLC | Added | $7.0m95.7k shares |
| CITADEL ADVISORS LLC | Added | $5.7m77.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.4m60.0k shares |
| Twin Tree Management, LP | Reduced | $3.9m52.9k shares |
| Parallax Volatility Advisers, L.P. | New | $3.7m50.2k shares |
| WOLVERINE TRADING, LLC | Added | $2.6m37.3k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $2.3m31.6k 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 |
|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 8.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.4% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q1 2023
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 |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 3 | $4.5m | — |
| Q1 2022 | 0 | — | 5 | $4.2m | — |
| Q2 2022 | 0 | — | 2 | $1.6m | — |
| Q3 2022 | 0 | — | 2 | $432.5k | — |
| Q4 2022 | 0 | — | 1 | $400.4k | — |
| Q1 2023 | 0 | — | 0 | — | — |
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.09% of their portfolio | 50.9m $3.7bn | Added +1.0k |
| BlackRock Inc. 0.07% of their portfolio | 30.6m $2.2bn | Reduced -19.4k |
| FMR LLC 0.07% of their portfolio | 21.1m $1.5bn | Added +10.5m |
| STATE STREET CORP 0.06% of their portfolio | 13.6m $988.9m | Reduced -244.2k |
| HARRIS ASSOCIATES L P 1.90% of their portfolio | 13.4m $978.8m | Reduced -218.5k |
| ValueAct Holdings, L.P. 10.95% of their portfolio | 9.2m $672.4m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 7.2m $522.4m | Added +149.0k |
| Invesco Ltd. 0.13% of their portfolio | 6.5m $476.7m | Added +146.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.30% of their portfolio | 5.7m $415.0m | Reduced -44.9k |
| FRANKLIN RESOURCES INC 0.21% of their portfolio | 5.6m $408.7m | Added +173.7k |
| GENERATION INVESTMENT MANAGEMENT LLP 2.11% of their portfolio | 5.4m $396.5m | Reduced -28.6k |
| BAILLIE GIFFORD & CO 0.36% of their portfolio | 5.4m $395.3m | Reduced -394.6k |
| Allspring Global Investments Holdings, LLC 0.61% of their portfolio | 5.1m $369.5m | Reduced -652.6k |
| ALLIANCEBERNSTEIN L.P. 0.15% of their portfolio | 4.7m $345.8m | Reduced -518.4k |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 4.5m $327.1m | Added +203.5k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 4.5m $325.8m | Added +142.1k |
| Cantillon Capital Management LLC 2.58% of their portfolio | 4.4m $317.0m | Reduced -73.4k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 4.2m $305.1m | Added +100.5k |
| NORGES BANK 0.05% of their portfolio | 3.3m $241.7m | Reduced -4.1k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 3.0m $221.9m | Added +12.6k |
| Vulcan Value Partners, LLC 2.62% of their portfolio | 2.8m $206.8m | Reduced -294.4k |
| MORGAN STANLEY 0.02% of their portfolio | 2.8m $200.8m | Reduced -379.7k |
| Findlay Park Partners LLP 1.97% of their portfolio | 2.6m $186.4m | Added +194.7k |
| EARNEST PARTNERS LLC 1.07% of their portfolio | 2.5m $184.7m | Added +83.4k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 2.5m $182.1m | Reduced -88.3k |
| Legal & General Group Plc 0.06% of their portfolio | 2.4m $174.7m | Reduced -49.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 2.3m $168.9m | Added +115.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 2.2m $160.3m | Added +1.1m |
| DF DENT & CO INC 2.24% of their portfolio | 2.2m $158.5m | Reduced -51.5k |
| Robeco Institutional Asset Management B.V. 0.39% of their portfolio | 2.0m $143.9m | Reduced -355.0k |
| JANUS HENDERSON GROUP PLC 0.09% of their portfolio | 1.8m $134.1m | Added +502.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 1.8m $128.5m | Added +21.7k |
| LONDON CO OF VIRGINIA 0.73% of their portfolio | 1.7m $126.9m | New |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.6m $119.3m | Added +211.7k |
| Swedbank AB 0.23% of their portfolio | 1.6m $118.2m | Added +436.4k |
| COOKE & BIELER LP 1.10% of their portfolio | 1.6m $113.3m | Added +27.0k |
| OMERS ADMINISTRATION Corp 1.70% of their portfolio | 1.5m $110.5m | Unchanged |
| Mitsubishi UFJ Trust & Banking Corp 0.26% of their portfolio | 1.5m $106.4m | Reduced -13.7k |
| D. E. Shaw & Co., Inc. 0.17% of their portfolio | 1.4m $105.0m | Added +86.0k |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 1.4m $100.3m | Reduced -17.3k |
| Caisse de depot et placement du Quebec 0.28% of their portfolio | 1.3m $98.2m | Added +495.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.28% of their portfolio | 1.3m $94.5m | Added +94.0k |
| ARIEL INVESTMENTS, LLC 0.91% of their portfolio | 1.3m $94.4m | Reduced -4.8k |
| MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio | 1.3m $93.7m | Added +60.1k |
| Evercore Wealth Management, LLC 1.85% of their portfolio | 1.3m $92.7m | Reduced -15.6k |
| Swiss National Bank 0.06% of their portfolio | 1.3m $91.3m | Reduced -51.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 1.2m $63.7m | Added +395.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.14% of their portfolio | 1.2m $85.8m | Added +54.6k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 1.1m $81.4m | Reduced -66.6k |
| BAMCO INC /NY/ 0.24% of their portfolio | 1.1m $79.6m | Reduced -155.2k |
| LORD, ABBETT & CO. LLC 0.14% of their portfolio | 1.1m $78.2m | New |
| Gallagher Fiduciary Advisors, LLC 6.43% of their portfolio | 1.1m $77.9m | Reduced -10.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 1.0m $75.5m | Reduced -434.9k |
| Skandinaviska Enskilda Banken AB (publ) 0.51% of their portfolio | 1.0m $73.0m | Added +22.7k |
| Long Pond Capital, LP 3.76% of their portfolio | 962.0k $70.0m | New |
| Amundi 0.04% of their portfolio | 931.2k $65.3m | Added +4.4k |
| CREDIT SUISSE AG/ 0.07% of their portfolio | 927.2k $67.5m | Added +67.5k |
| Aberdeen Group plc 0.16% of their portfolio | 893.9k $65.1m | Added +158.9k |
| SEI INVESTMENTS CO 0.12% of their portfolio | 885.8k $64.5m | Added +200.9k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 871.9k $63.5m | Added +76.9k |
| MAVERICK CAPITAL LTD 1.52% of their portfolio | 811.6k $59.1m | Reduced -38.4k |
| Balyasny Asset Management L.P. 0.19% of their portfolio | 800.9k $58.3m | Added +797.9k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 799.5k $58.2m | Reduced -416.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.07% of their portfolio | 753.0k $54.8m | Added +2.3k |
| TRUIST FINANCIAL CORP 0.09% of their portfolio | 721.0k $52.5m | Reduced -38.4k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 679.7k $49.5m | Added +22.3k |
| PZENA INVESTMENT MANAGEMENT LLC 0.21% of their portfolio | 673.2k $49.0m | Added +250 |
| Hosking Partners LLP 2.22% of their portfolio | 657.2k $47.9m | Reduced -182.3k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 654.7k $47.7m | Added +15.7k |
| California Public Employees Retirement System 0.04% of their portfolio | 644.6k $46.9m | Reduced -107.4k |
| Thrivent Financial for Lutherans 0.11% of their portfolio | 642.3k $46.8m | Added +73.1k |
| CANADA LIFE ASSURANCE Co 0.11% of their portfolio | 628.9k $45.9m | Added +11.3k |
| JENNISON ASSOCIATES LLC 0.04% of their portfolio | 623.8k $45.4m | Added +118.1k |
| NICHOLAS COMPANY, INC. 0.89% of their portfolio | 601.3k $43.8m | Added +30 |
| Cornerstone Investment Partners, LLC 2.77% of their portfolio | 574.4k $41.8m | Reduced -48.9k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 559.3k $40.7m | Reduced -44.8k |
| Premier Fund Managers Ltd 1.51% of their portfolio | 540.0k $38.3m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 535.1k $39.0m | Reduced -11.3k |
| PUTNAM INVESTMENTS LLC 0.06% of their portfolio | 529.6k $38.6m | Added +53.4k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 528.0k $38.4m | Reduced -42.8k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 504.7k $36.6m | Reduced -20.6k |
| Clearbridge Investments, LLC 0.03% of their portfolio | 500.7k $36.5m | Reduced -140 |
| Ensign Peak Advisors, Inc 0.07% of their portfolio | 470.4k $34.3m | Reduced -118.8k |
| National Pension Service 0.06% of their portfolio | 469.7k $33.3m | Reduced -45.0k |
| CITIGROUP INC 0.04% of their portfolio | 452.9k $33.0m | Added +159.1k |
| DekaBank Deutsche Girozentrale 0.08% of their portfolio | 439.4k $30.8m | Added +4 |
| NATIXIS ADVISORS, LLC 0.11% of their portfolio | 428.9k $31.2m | Reduced -8.3k |
| Qube Research & Technologies Ltd 0.18% of their portfolio | 427.2k $31.1m | Added +381.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 422.8k $30.8m | Reduced -19.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 419.0k $30.5m | Added +12.7k |
| Railway Pension Investments Ltd 0.31% of their portfolio | 418.7k $30.5m | Unchanged |
| State of Tennessee, Department of Treasury 0.13% of their portfolio | 410.1k $29.9m | Added +25.3k |
| YCG, LLC 2.87% of their portfolio | 403.3k $29.4m | Reduced -669 |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.15% of their portfolio | 400.5k $29.2m | Reduced -109.3k |
| Brandywine Global Investment Management, LLC 0.12% of their portfolio | 396.3k $28.9m | Added +192.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 387.0k $28.2m | Unchanged |
| BARCLAYS PLC 0.03% of their portfolio | 364.9k $26.6m | Reduced -199.6k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.50% of their portfolio | 358.3k $26.1m | Reduced -26.9k |
| RENAISSANCE GROUP LLC 1.13% of their portfolio | 339.9k $24.8m | Reduced -4.4k |
| Man Group plc 0.09% of their portfolio | 328.2k $23.9m | New |