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 ($143.5m this quarter). Holder counts are more reliable. Shares outstanding: 297.6m as of 2025-07-25, 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 ≈ $140.15. Options: 17 managers hold calls ($52.6m notional), 13 hold puts ($21.6m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 700 |
| Q4 2022 | 702 |
| Q1 2023 | 708 |
| Q2 2023 | 705 |
| Q3 2023 | 697 |
| Q4 2023 | 763 |
| Q1 2024 | 796 |
| Q2 2024 | 783 |
| Q3 2024 | 867 |
| Q4 2024 | 946 |
| Q1 2025 | 990 |
| Q2 2025 | 1,015 |
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 2023 | 286 | 348 |
| Q4 2023 | 325 | 344 |
| Q1 2024 | 377 | 337 |
| Q2 2024 | 402 | 335 |
| Q3 2024 | 448 | 347 |
| Q4 2024 | 446 | 391 |
| Q1 2025 | 464 | 447 |
| Q2 2025 | 471 | 481 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $71.8m | $47.0m | 0.65 |
| Q4 2024 | $128.9m | $93.1m | 0.72 |
| Q1 2025 | $227.0m | $17.5m | 0.08 |
| Q2 2025 | $52.6m | $21.6m | 0.41 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +1.7m |
| ROYAL BANK OF CANADA | Added | +1.3m |
| Qube Research & Technologies Ltd | Added | +734.6k |
| PRINCIPAL FINANCIAL GROUP INC | Added | +688.7k |
| ValueAct Holdings, L.P. | New | +589.4k |
| XN LP | New | +471.3k |
| Caisse de depot et placement du Quebec | Added | +417.3k |
| Cornerstone Investment Partners, LLC | New | +345.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +322.8k |
| Allspring Global Investments Holdings, LLC | Added | +319.1k |
Biggest sellers
| FMR LLC | Reduced | -2.5m |
| Alphinity Investment Management Pty Ltd | Reduced | -1.6m |
| Invesco Ltd. | Reduced | -1.0m |
| JPMORGAN CHASE & CO | Reduced | -933.2k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -849.1k |
| FRANKLIN RESOURCES INC | Reduced | -727.0k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -634.9k |
| HARRIS ASSOCIATES L P | Reduced | -590.7k |
| BlackRock, Inc. | Reduced | -520.5k |
| OMERS ADMINISTRATION Corp | Reduced | -508.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $14.5m103.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $9.3m66.2k shares |
| Caption Management, LLC | Unchanged | $7.0m50.0k shares |
| Squarepoint Ops LLC | Added | $5.3m37.8k shares |
| CITADEL ADVISORS LLC | Reduced | $3.2m23.0k shares |
| JANE STREET GROUP, LLC | Reduced | $2.7m19.4k shares |
| LANDMARK INVESTMENT PARTNERS, L.P. | Reduced | $2.4m17.4k shares |
| IMC-Chicago, LLC | Reduced | $1.9m13.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $1.5m10.9k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $1.4m10.0k shares |
Biggest puts
| Squarepoint Ops LLC | Added | $4.3m30.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.0m28.5k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $3.4m24.0k shares |
| JANE STREET GROUP, LLC | New | $2.3m16.7k shares |
| Maven Securities LTD | New | $2.0m14.0k shares |
| IMC-Chicago, LLC | Added | $1.5m10.7k shares |
| Caption Management, LLC | New | $1.4m10.0k shares |
| CITADEL ADVISORS LLC | Reduced | $1.3m9.4k shares |
| Walleye Trading LLC | New | $588.5k4.2k shares |
| TUDOR INVESTMENT CORP ET AL | New | $378.3k2.7k 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 Q2 2025
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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 3 | $376.7m | — |
| Q4 2023 | 0 | — | 1 | $81.4k | $81.4k |
| Q1 2024 | 0 | — | 3 | $6.1m | $315.2k |
| Q2 2024 | 0 | — | 1 | $886.4k | $886.4k |
| Q3 2024 | 1 | $242.1k | 5 | $3.1m | $1.6m |
| Q4 2024 | 0 | — | 4 | $2.9m | $1.8m |
| Q1 2025 | 0 | — | 2 | $367.0k | $367.0k |
| Q2 2025 | 0 | — | 3 | $814.1k | $814.1k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-24 | Caplan Lindsey S Chief Accounting Officer | Sold plan | $270.9k1.9k shares |
| 2025-06-24 | Caplan Lindsey S Chief Accounting Officer | Sold plan | $209.6k1.5k shares |
| 2025-05-19 | Giamartino Emma E. Chief Financial Officer | Sold plan | $254.6k2.0k shares |
| 2025-05-05 | Doellinger Chad J Chief Legal & Admin. Officer | Sold plan | $16.7k133 shares |
| 2025-05-02 | Doellinger Chad J Chief Legal & Admin. Officer | Sold plan | $62.3k494 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.11% of their portfolio | 47.8m $6.7bn | Reduced -257.6k |
| BlackRock, Inc. 0.07% of their portfolio | 27.9m $3.9bn | Reduced -520.5k |
| STATE STREET CORP 0.07% of their portfolio | 13.7m $1.9bn | Added +236.3k |
| HARRIS ASSOCIATES L P 2.07% of their portfolio | 9.1m $1.3bn | Reduced -590.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.64% of their portfolio | 8.7m $1.2bn | Added +688.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 8.2m $1.2bn | Added +134.2k |
| MORGAN STANLEY 0.05% of their portfolio | 5.8m $817.4m | Added +127.3k |
| Invesco Ltd. 0.13% of their portfolio | 5.4m $752.2m | Reduced -1.0m |
| Cantillon Capital Management LLC 3.63% of their portfolio | 4.5m $627.2m | Reduced -129.9k |
| FMR LLC 0.04% of their portfolio | 4.5m $625.0m | Reduced -2.5m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.18% of their portfolio | 3.9m $552.1m | Added +26.6k |
| NORGES BANK 0.07% of their portfolio | 3.9m $544.6m | Reduced -62.9k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 3.9m $540.0m | Reduced -45.5k |
| NORTHERN TRUST CORP 0.07% of their portfolio | 3.8m $530.3m | Reduced -85.4k |
| Artisan Partners Limited Partnership 0.77% of their portfolio | 3.7m $518.2m | Reduced -178.1k |
| Alphinity Investment Management Pty Ltd 4.43% of their portfolio | 3.7m $517.6m | Reduced -1.6m |
| Allspring Global Investments Holdings, LLC 0.86% of their portfolio | 3.6m $513.9m | Added +319.1k |
| EARNEST PARTNERS LLC 2.24% of their portfolio | 3.5m $496.4m | Reduced -129.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 3.3m $467.5m | Added +315.5k |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 3.2m $446.4m | Added +69.0k |
| BAILLIE GIFFORD & CO 0.31% of their portfolio | 3.0m $420.0m | Reduced -77.0k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 2.8m $391.2m | Reduced -933.2k |
| FRANKLIN RESOURCES INC 0.10% of their portfolio | 2.8m $390.1m | Reduced -727.0k |
| LAZARD ASSET MANAGEMENT LLC 0.53% of their portfolio | 2.7m $385.0m | Added +154.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio | 2.6m $364.5m | Added +322.8k |
| Robeco Institutional Asset Management B.V. 0.54% of their portfolio | 2.4m $336.2m | Reduced -378.3k |
| SEI INVESTMENTS CO 0.35% of their portfolio | 2.2m $303.5m | Added +1.5k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 1.35% of their portfolio | 2.1m $296.1m | Reduced -382.6k |
| Legal & General Group Plc 0.07% of their portfolio | 2.1m $289.8m | Added +43.0k |
| MILLENNIUM MANAGEMENT LLC 0.25% of their portfolio | 2.0m $276.4m | Added +1.7m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 1.9m $266.1m | Reduced -7.1k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 1.9m $265.8m | Reduced -15.3k |
| PARNASSUS INVESTMENTS, LLC 0.58% of their portfolio | 1.8m $250.7m | Reduced -45.9k |
| Nuveen, LLC 0.07% of their portfolio | 1.8m $250.3m | Added +147.6k |
| DEUTSCHE BANK AG\ 0.09% of their portfolio | 1.8m $247.9m | Added +6.9k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 1.7m $243.9m | Added +1.3m |
| ALLIANCEBERNSTEIN L.P. 0.08% of their portfolio | 1.7m $241.0m | Added +5.1k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 1.6m $219.3m | Reduced -144.6k |
| Vulcan Value Partners, LLC 3.80% of their portfolio | 1.5m $215.4m | Reduced -81.0k |
| UBS Group AG 0.04% of their portfolio | 1.4m $200.0m | Added +119.7k |
| BAMCO INC /NY/ 0.53% of their portfolio | 1.4m $196.4m | Added +38.9k |
| Assenagon Asset Management S.A. 0.27% of their portfolio | 1.2m $173.1m | Added +144.7k |
| NATIXIS ADVISORS, LLC 0.27% of their portfolio | 1.2m $172.1m | Added +59.0k |
| LONDON CO OF VIRGINIA 0.97% of their portfolio | 1.2m $171.9m | Reduced -50.8k |
| Swedbank AB 0.19% of their portfolio | 1.2m $165.4m | First filing |
| Caisse de depot et placement du Quebec 0.35% of their portfolio | 1.2m $162.2m | Added +417.3k |
| BESSEMER GROUP INC 0.26% of their portfolio | 1.1m $159.3m | Reduced -7.3k |
| DF DENT & CO INC 1.93% of their portfolio | 1.1m $152.1m | Reduced -9.4k |
| Qube Research & Technologies Ltd 0.21% of their portfolio | 1.1m $151.8m | Added +734.6k |
| Amundi 0.05% of their portfolio | 1.1m $153.7m | Reduced -91.9k |
| MANNING & NAPIER ADVISORS LLC 1.80% of their portfolio | 1.1m $150.9m | Reduced -329.7k |
| Findlay Park Partners LLP 1.52% of their portfolio | 1.1m $147.7m | Reduced -462.8k |
| Evercore Wealth Management, LLC 2.26% of their portfolio | 1.0m $145.5m | Reduced -17.7k |
| COOKE & BIELER LP 1.45% of their portfolio | 1.0m $145.0m | Added +181.6k |
| VOYA INVESTMENT MANAGEMENT LLC 0.13% of their portfolio | 963.7k $135.0m | Reduced -849.1k |
| OMERS ADMINISTRATION Corp 1.05% of their portfolio | 956.8k $134.1m | Reduced -508.4k |
| FIL Ltd 0.11% of their portfolio | 954.1k $133.7m | Added +18.5k |
| Gallagher Fiduciary Advisors, LLC 5.05% of their portfolio | 931.2k $130.5m | Reduced -5.9k |
| Swiss National Bank 0.08% of their portfolio | 907.7k $127.2m | Added +44.6k |
| Balyasny Asset Management L.P. 0.26% of their portfolio | 829.1k $116.2m | Added +302.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 825.1k $115.6m | Reduced -42.9k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 823.8k $115.4m | Added +30.3k |
| BARCLAYS PLC 0.05% of their portfolio | 816.1k $114.3m | Reduced -46.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.08% of their portfolio | 787.6k $110.4m | Reduced -64.5k |
| MENORA MIVTACHIM HOLDINGS LTD. 0.63% of their portfolio | 776.7k $108.8m | Unchanged |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 712.5k $99.8m | Reduced -47.7k |
| Allianz Asset Management GmbH 0.13% of their portfolio | 712.5k $99.8m | Added +28.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio | 692.3k $97.0m | Added +10.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.07% of their portfolio | 625.7k $87.7m | Added +89.5k |
| AQR CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 610.5k $85.0m | Reduced -634.9k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 590.3k $82.7m | Added +117.7k |
| ValueAct Holdings, L.P. 1.47% of their portfolio | 589.4k $82.6m | New |
| Mitsubishi UFJ Trust & Banking Corp 0.19% of their portfolio | 585.3k $82.0m | Reduced -57.1k |
| Clearbridge Investments, LLC 0.07% of their portfolio | 584.9k $82.0m | Added +2.1k |
| BROWN BROTHERS HARRIMAN & CO 0.52% of their portfolio | 579.7k $81.2m | Added +27.9k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 568.6k $79.7m | Reduced -3.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 565.5k $79.2m | Added +30.8k |
| Thrivent Financial for Lutherans 0.17% of their portfolio | 561.3k $78.7m | Reduced -68.9k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 560.7k $78.5m | Added +9.1k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 557.6k $78.1m | Reduced -59.8k |
| California Public Employees Retirement System 0.05% of their portfolio | 556.4k $78.0m | Added +26.0k |
| Hosking Partners LLP 3.09% of their portfolio | 554.1k $77.6m | Reduced -9.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.13% of their portfolio | 554.0k $77.6m | Reduced -85.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.10% of their portfolio | 518.6k $72.7m | Reduced -3.2k |
| National Pension Service 0.06% of their portfolio | 504.4k $70.7m | Added +3.4k |
| Premier Fund Managers Ltd 2.55% of their portfolio | 502.1k $70.0m | Reduced -78.1k |
| LORD, ABBETT & CO. LLC 0.22% of their portfolio | 496.1k $69.5m | Added +968 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 493.2k $69.1m | Added +3.1k |
| ATALANTA SOSNOFF CAPITAL, LLC 1.39% of their portfolio | 490.4k $68.7m | Added +182.3k |
| XN LP 2.30% of their portfolio | 471.3k $66.0m | New |
| TD Asset Management Inc 0.06% of their portfolio | 464.1k $65.0m | Added +13.2k |
| PARK PRESIDIO CAPITAL LLC 6.34% of their portfolio | 426.6k $59.8m | Added +255.4k |
| COMMERCE BANK 0.35% of their portfolio | 420.3k $58.9m | Added +30.6k |
| DekaBank Deutsche Girozentrale 0.10% of their portfolio | 416.5k $58.2m | Reduced -8.7k |
| M.D. Sass, LLC 4.47% of their portfolio | 396.6k $55.6m | Added +19.2k |
| Ensign Peak Advisors, Inc 0.09% of their portfolio | 362.6k $50.8m | Reduced -2.0k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 353.2k $49.5m | Reduced -11.4k |
| Man Group plc 0.11% of their portfolio | 351.9k $49.3m | Reduced -77.1k |
| Cornerstone Investment Partners, LLC 2.14% of their portfolio | 345.3k $48.4m | New |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.20% of their portfolio | 343.3k $48.1m | Added +19.7k |