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 ($235.0m this quarter). Holder counts are more reliable. Shares outstanding: 295.2m as of 2026-02-10, 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 ≈ $160.60. Options: 14 managers hold calls ($49.3m notional), 13 hold puts ($29.0m).
Trends to Q4 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 |
| Q3 2025 | 1,062 |
| Q4 2025 | 1,112 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 377 | 337 |
| Q2 2024 | 402 | 335 |
| Q3 2024 | 448 | 347 |
| Q4 2024 | 446 | 391 |
| Q1 2025 | 464 | 447 |
| Q2 2025 | 471 | 481 |
| Q3 2025 | 520 | 433 |
| Q4 2025 | 519 | 460 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $227.0m | $17.5m | 0.08 |
| Q2 2025 | $52.6m | $21.6m | 0.41 |
| Q3 2025 | $76.2m | $43.8m | 0.57 |
| Q4 2025 | $49.3m | $29.0m | 0.59 |
Biggest buyers
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +1.5m |
| APG Asset Management N.V. | Added | +1.4m |
| XN LP | New | +915.1k |
| FMR LLC | Added | +801.5k |
| HSBC HOLDINGS PLC | Added | +702.4k |
| Rathbones Group PLC | Added | +657.3k |
| MARSHALL WACE, LLP | Added | +462.1k |
| FEDERATED HERMES, INC. | Added | +451.7k |
| Amundi | Added | +433.2k |
| MORGAN STANLEY | Added | +403.5k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -3.7m |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -1.5m |
| VIKING GLOBAL INVESTORS LP | Sold out | -1.2m |
| UBS Group AG | Reduced | -811.7k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | Reduced | -632.3k |
| EARNEST PARTNERS LLC | Reduced | -455.6k |
| Allspring Global Investments Holdings, LLC | Reduced | -362.9k |
| GOLDMAN SACHS GROUP INC | Reduced | -343.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -337.7k |
| Balyasny Asset Management L.P. | Reduced | -310.3k |
Biggest calls
| Vision Capital Corp | Reduced | $11.3m70.0k shares |
| Caption Management, LLC | Unchanged | $8.0m50.0k shares |
| CITADEL ADVISORS LLC | Added | $6.4m40.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.9m36.6k shares |
| Walleye Trading LLC | Added | $5.3m33.2k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $4.0m25.0k shares |
| IMC-Chicago, LLC | Added | $3.1m19.2k shares |
| SIMPLEX TRADING, LLC | Added | $1.8m11.3k shares |
| JANE STREET GROUP, LLC | Reduced | $1.4m8.9k shares |
| JPMORGAN CHASE & CO | Reduced | $1.0m6.3k shares |
Biggest puts
| JPMORGAN CHASE & CO | Added | $6.8m42.5k shares |
| JANE STREET GROUP, LLC | Reduced | $4.8m29.6k shares |
| Caption Management, LLC | Unchanged | $4.0m25.0k shares |
| GROUP ONE TRADING LLC | Added | $3.2m20.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.8m17.6k shares |
| CITADEL ADVISORS LLC | Reduced | $2.6m16.3k shares |
| IMC-Chicago, LLC | New | $2.4m15.2k shares |
| Squarepoint Ops LLC | Reduced | $948.7k5.9k shares |
| Volterra Technologies LP | New | $466.3k2.9k shares |
| Walleye Trading LLC | Reduced | $369.8k2.3k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2025 | 0 | — | 3 | $857.6k | $857.6k |
| Q4 2025 | 0 | — | 1 | $152.4k | $152.4k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-11-10 | Kohli Vikramaditya COO & CEO, Advisory Services | Sold plan | $152.4k1.0k 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.11% of their portfolio | 47.8m $7.7bn | Added +101.3k |
| BlackRock, Inc. 0.08% of their portfolio | 27.7m $4.5bn | Added +102.0k |
| STATE STREET CORP 0.07% of their portfolio | 13.8m $2.2bn | Added +8.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.79% of their portfolio | 9.6m $1.5bn | Added +99.5k |
| FMR LLC 0.08% of their portfolio | 9.3m $1.5bn | Added +801.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 8.5m $1.4bn | Added +151.0k |
| HARRIS ASSOCIATES L P 1.41% of their portfolio | 6.9m $1.1bn | Added +38.6k |
| MORGAN STANLEY 0.06% of their portfolio | 6.7m $1.1bn | Added +403.5k |
| Invesco Ltd. 0.09% of their portfolio | 6.1m $973.1m | Reduced -179.3k |
| Cantillon Capital Management LLC 3.88% of their portfolio | 4.5m $717.2m | Added +33.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.23% of their portfolio | 4.5m $716.3m | Reduced -17.3k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 4.2m $675.7m | Reduced -3.7m |
| NORGES BANK 0.07% of their portfolio | 4.0m $643.4m | Not comparable |
| Artisan Partners Limited Partnership 0.96% of their portfolio | 3.9m $628.3m | Reduced -114.7k |
| NORTHERN TRUST CORP 0.08% of their portfolio | 3.7m $592.9m | Reduced -24.0k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 3.5m $564.7m | Reduced -287.9k |
| EARNEST PARTNERS LLC 2.12% of their portfolio | 3.1m $495.3m | Reduced -455.6k |
| Alphinity Investment Management Pty Ltd 4.91% of their portfolio | 3.0m $484.9m | Added +39.2k |
| FRANKLIN RESOURCES INC 0.12% of their portfolio | 3.0m $475.9m | Added +74.5k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 2.7m $440.2m | Added +53.3k |
| BAILLIE GIFFORD & CO 0.36% of their portfolio | 2.7m $432.0m | Reduced -144.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 2.6m $424.4m | Reduced -103.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio | 2.5m $395.4m | Added +64.5k |
| Robeco Institutional Asset Management B.V. 0.56% of their portfolio | 2.5m $395.1m | Added +19.3k |
| Legal & General Group Plc 0.08% of their portfolio | 2.1m $340.8m | Reduced -1.7k |
| SEI INVESTMENTS CO 0.32% of their portfolio | 2.0m $322.6m | Reduced -165.4k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 2.0m $321.2m | Reduced -343.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 1.9m $308.8m | Added +26.6k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.26% of their portfolio | 1.8m $293.0m | Added +1.5m |
| Nuveen, LLC 0.08% of their portfolio | 1.8m $287.6m | Added +31.2k |
| DEUTSCHE BANK AG\ 0.09% of their portfolio | 1.7m $277.3m | Reduced -45.6k |
| Amundi 0.07% of their portfolio | 1.7m $273.5m | Added +433.2k |
| PARNASSUS INVESTMENTS, LLC 0.71% of their portfolio | 1.7m $272.4m | Reduced -101.5k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 1.6m $258.7m | Reduced -5.0k |
| APG Asset Management N.V. 0.62% of their portfolio | 1.6m $218.3m | Added +1.4m |
| ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio | 1.5m $236.2m | Reduced -11.0k |
| Allspring Global Investments Holdings, LLC 0.37% of their portfolio | 1.4m $225.7m | Reduced -362.9k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 1.4m $225.0m | Added +702.4k |
| BAMCO INC /NY/ 0.59% of their portfolio | 1.4m $218.6m | Reduced -3.7k |
| NATIXIS ADVISORS, LLC 0.30% of their portfolio | 1.3m $213.6m | Added +39.9k |
| Qube Research & Technologies Ltd 0.30% of their portfolio | 1.3m $208.3m | Reduced -185.6k |
| Assenagon Asset Management S.A. 0.31% of their portfolio | 1.3m $204.1m | Added +394.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.20% of their portfolio | 1.2m $199.2m | Added +70.6k |
| Swedbank AB 0.18% of their portfolio | 1.2m $188.3m | Reduced -19.2k |
| LAZARD ASSET MANAGEMENT LLC 0.31% of their portfolio | 1.1m $181.7m | Reduced -1.5m |
| LONDON CO OF VIRGINIA 1.02% of their portfolio | 1.1m $176.3m | Reduced -73.5k |
| Rathbones Group PLC 0.35% of their portfolio | 1.1m $175.5m | Added +657.3k |
| Evercore Wealth Management, LLC 2.35% of their portfolio | 997.0k $160.3m | Reduced -26.4k |
| AMERICAN CENTURY COMPANIES INC 0.08% of their portfolio | 995.6k $160.1m | Added +272.0k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.82% of their portfolio | 983.8k $158.2m | Reduced -632.3k |
| MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio | 943.7k $151.7m | Reduced -1.2k |
| XN LP 4.12% of their portfolio | 915.1k $147.1m | New |
| Gallagher Fiduciary Advisors, LLC 4.66% of their portfolio | 894.6k $143.8m | Reduced -20.5k |
| DF DENT & CO INC 1.99% of their portfolio | 860.7k $138.4m | Reduced -58.6k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 852.0k $137.0m | Added +904 |
| Swiss National Bank 0.08% of their portfolio | 815.4k $131.1m | Reduced -43.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 811.1k $130.4m | Reduced -33.4k |
| MANNING & NAPIER ADVISORS LLC 1.71% of their portfolio | 805.3k $131.5m | Reduced -82.6k |
| BARCLAYS PLC 0.05% of their portfolio | 781.8k $125.7m | Added +40.4k |
| MENORA MIVTACHIM HOLDINGS LTD. 0.59% of their portfolio | 776.7k $124.9m | Unchanged |
| FIL Ltd 0.09% of their portfolio | 774.1k $124.5m | Reduced -156.7k |
| ATALANTA SOSNOFF CAPITAL, LLC 2.42% of their portfolio | 770.7k $123.9m | Reduced -11.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 768.2k $123.5m | Added +368.8k |
| AGF MANAGEMENT LTD 0.53% of their portfolio | 756.6k $121.7m | Added +18.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 747.2k $120.1m | Reduced -39.2k |
| Caisse de depot et placement du Quebec 0.20% of their portfolio | 742.5k $119.4m | Reduced -73.1k |
| UBS Group AG 0.02% of their portfolio | 720.0k $115.8m | Reduced -811.7k |
| Man Group plc 0.21% of their portfolio | 680.5k $109.4m | Added +232.1k |
| OMERS ADMINISTRATION Corp 0.77% of their portfolio | 668.0k $107.4m | Unchanged |
| CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio | 658.0k $105.8m | Added +2.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.08% of their portfolio | 647.6k $105.8m | Added +63.9k |
| COOKE & BIELER LP 1.08% of their portfolio | 643.6k $103.5m | Reduced -2.4k |
| Thrivent Financial for Lutherans 0.18% of their portfolio | 642.2k $103.3m | Added +10.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 626.4k $100.3m | Added +42.0k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.38% of their portfolio | 616.7k $99.2m | Reduced -48.2k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 605.4k $97.3m | Reduced -156.6k |
| BROWN BROTHERS HARRIMAN & CO 0.52% of their portfolio | 593.3k $95.4m | Reduced -5.3k |
| PARK PRESIDIO CAPITAL LLC 7.71% of their portfolio | 588.9k $94.7m | Added +22.6k |
| MARSHALL WACE, LLP 0.09% of their portfolio | 582.9k $93.7m | Added +462.1k |
| TD Asset Management Inc 0.07% of their portfolio | 572.3k $92.0m | Added +48.1k |
| National Pension Service 0.07% of their portfolio | 567.1k $91.2m | Added +28.1k |
| Hosking Partners LLP 3.06% of their portfolio | 560.9k $90.2m | Reduced -2.7k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 554.6k $89.2m | Reduced -17.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.13% of their portfolio | 549.6k $88.4m | Added +82.8k |
| California Public Employees Retirement System 0.05% of their portfolio | 539.9k $86.8m | Added +782 |
| Clearbridge Investments, LLC 0.07% of their portfolio | 538.7k $86.6m | Reduced -46.2k |
| FEDERATED HERMES, INC. 0.14% of their portfolio | 521.3k $83.8m | Added +451.7k |
| Findlay Park Partners LLP 1.06% of their portfolio | 517.9k $83.3m | Reduced -104.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.20% of their portfolio | 511.9k $82.3m | Added +12.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 481.2k $77.4m | Reduced -10.4k |
| LORD, ABBETT & CO. LLC 0.24% of their portfolio | 480.6k $77.3m | Reduced -747 |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 450.9k $72.5m | Added +24.4k |
| Eurizon Capital SGR S.p.A. 0.22% of their portfolio | 443.5k $71.4m | First filing |
| NEW YORK STATE COMMON RETIREMENT FUND 0.09% of their portfolio | 440.9k $70.9m | Reduced -81.4k |
| PFA Pension, Forsikringsaktieselskab 0.20% of their portfolio | 432.2k $70.6m | First filing |
| COMMERCE BANK 0.38% of their portfolio | 430.5k $69.2m | Added +3.8k |
| DekaBank Deutsche Girozentrale 0.07% of their portfolio | 416.5k $40.1m | Unchanged |
| TimesSquare Capital Management, LLC 0.98% of their portfolio | 402.6k $64.7m | New |
| Vinva Investment Management Ltd 0.80% of their portfolio | 395.2k $64.5m | Added +169.7k |
| Cornerstone Investment Partners, LLC 2.46% of their portfolio | 394.6k $63.4m | Added +1.8k |