COPT DEFENSE PROPERTIES CDP
SHS BEN INT · REIT · CUSIP 22002T108
* 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 ($15.7m this quarter). Holder counts are more reliable. Shares outstanding: 112.6m as of 2024-04-22, 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 ≈ $24.18. Options: 3 managers hold calls ($13.8k notional), 2 hold puts ($77.3k).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 231 |
| Q4 2022 | 243 |
| Q1 2023 | 248 |
| Q2 2023 | 239 |
| Q3 2023 | 242 |
| Q4 2023 | 247 |
| Q1 2024 | 268 |
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 | 122 | 97 |
| Q1 2023 | 135 | 101 |
| Q2 2023 | 106 | 131 |
| Q3 2023 | 102 | 121 |
| Q4 2023 | 117 | 120 |
| Q1 2024 | 131 | 123 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $95.0k | $51.5k | 0.54 |
| Q3 2023 | $334.6k | $998.5k | 2.98 |
| Q4 2023 | $199.9k | $984.2k | 4.92 |
| Q1 2024 | $13.8k | $77.3k | 5.59 |
Biggest buyers
| Waterfront Capital Partners, LLC | New | +1.6m |
| Nuveen Asset Management, LLC | Added | +1.3m |
| Channing Capital Management, LLC | Added | +566.5k |
| Long Pond Capital, LP | New | +565.7k |
| WESTWOOD HOLDINGS GROUP INC | Added | +403.0k |
| BANK OF AMERICA CORP /DE/ | Added | +369.7k |
| MILLENNIUM MANAGEMENT LLC | Added | +358.4k |
| MORGAN STANLEY | Added | +351.1k |
| Allianz Asset Management GmbH | Added | +340.2k |
| Vision Capital Corp | New | +300.0k |
Biggest sellers
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Reduced | -4.5m |
| CITADEL ADVISORS LLC | Reduced | -1.7m |
| AEW CAPITAL MANAGEMENT L P | Sold out | -698.3k |
| Perpetual Ltd | Sold out | -453.7k |
| STATE STREET CORP | Reduced | -450.2k |
| Russell Investments Group, Ltd. | Reduced | -446.9k |
| Balyasny Asset Management L.P. | Reduced | -388.8k |
| Lighthouse Investment Partners, LLC | Reduced | -325.0k |
| JANUS HENDERSON GROUP PLC | Reduced | -308.5k |
| Walleye Capital LLC | Sold out | -196.2k |
Biggest calls
| SIMPLEX TRADING, LLC | New | $9.0k400 shares |
| CITADEL ADVISORS LLC | Reduced | $4.8k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $77.3k3.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 filed 2025-07-18 | 14.7% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-02-05 | 10.2% |
| ALLIANCEBERNSTEIN L.P. 13G · institution +2.0 pts · filed 2025-11-14 | 7.5% |
| JPMORGAN CHASE & CO 13G · institution new · filed 2026-07-16 | 5.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.3% |
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 2024
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 2022 | 0 | — | 1 | $91.3k | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 1 | $90.4k | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 1 | $25.1k | 2 | $231.2k | — |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 17.9m $432.3m | Added +61.4k |
| VANGUARD GROUP INC 0.01% of their portfolio | 16.9m $407.5m | Added +194.8k |
| STATE STREET CORP 0.01% of their portfolio | 6.4m $157.3m | Reduced -450.2k |
| EARNEST PARTNERS LLC 0.59% of their portfolio | 5.4m $129.3m | Added +122.5k |
| FMR LLC 0.01% of their portfolio | 4.6m $110.2m | Added +269.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio | 4.3m $103.7m | Reduced -18.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 4.2m $101.4m | Reduced -22.7k |
| WESTWOOD HOLDINGS GROUP INC 0.71% of their portfolio | 3.7m $90.0m | Added +403.0k |
| Channing Capital Management, LLC 1.87% of their portfolio | 2.9m $69.8m | Added +566.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.8m $67.5m | Added +83.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.6m $63.8m | Added +369.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.4m $59.0m | Added +158.0k |
| MORGAN STANLEY 0.00% of their portfolio | 2.3m $56.1m | Added +351.1k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 2.0m $47.9m | Added +358.4k |
| SEI INVESTMENTS CO 0.06% of their portfolio | 1.8m $43.7m | Added +44.1k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 1.7m $40.5m | Added +1.3m |
| Waterfront Capital Partners, LLC 3.61% of their portfolio | 1.6m $38.7m | New |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.6m $37.7m | Reduced -22.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.4m $34.1m | Reduced -119.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.4m $33.5m | Reduced -83.6k |
| NORGES BANK 0.01% of their portfolio | 1.3m $32.1m | Added +68.5k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.30% of their portfolio | 1.3m $31.7m | Reduced -48.5k |
| Balyasny Asset Management L.P. 0.08% of their portfolio | 1.3m $30.6m | Reduced -388.8k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.17% of their portfolio | 1.1m $26.3m | Added +82.7k |
| Schonfeld Strategic Advisors LLC 0.19% of their portfolio | 989.0k $23.9m | Reduced -98.2k |
| Legal & General Group Plc 0.01% of their portfolio | 980.8k $23.7m | Reduced -27.7k |
| DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC 1.29% of their portfolio | 877.6k $21.2m | Reduced -12.8k |
| Clearbridge Investments, LLC 0.02% of their portfolio | 805.1k $19.5m | Added +16.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 704.8k $17.0m | Added +208.5k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.06% of their portfolio | 683.3k $16.5m | Reduced -4.5m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 683.0k $16.5m | Reduced -2.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 626.6k $15.1m | Added +106.7k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.04% of their portfolio | 577.5k $14.0m | Added +649 |
| Long Pond Capital, LP 0.79% of their portfolio | 565.7k $13.7m | New |
| Leeward Investments, LLC - MA 0.59% of their portfolio | 552.3k $13.3m | Reduced -23.6k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 535.6k $12.9m | Added +340.2k |
| Retirement Systems of Alabama 0.05% of their portfolio | 501.4k $12.1m | Added +53.9k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 442.4k $10.7m | Reduced -40.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 426.0k $10.3m | Added +5.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 416.2k $10.1m | Reduced -5.1k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 411.1k $9.9m | Added +4.3k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 411.0k $9.9m | Added +271.6k |
| State of Tennessee, Department of Treasury 0.03% of their portfolio | 385.4k $9.3m | Unchanged |
| CRAMER ROSENTHAL MCGLYNN LLC 0.49% of their portfolio | 373.2k $9.0m | Reduced -137.0k |
| State of New Jersey Common Pension Fund D 0.02% of their portfolio | 341.3k $8.3m | Added +34.6k |
| EAGLE ASSET MANAGEMENT INC 0.04% of their portfolio | 337.0k $8.0m | Reduced -41.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 330.7k $8.0m | Reduced -23.0k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.12% of their portfolio | 314.7k $7.6m | Reduced -16.1k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.03% of their portfolio | 313.2k $7.6m | Reduced -12.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 311.5k $7.5m | Added +206.9k |
| ALGERT GLOBAL LLC 0.29% of their portfolio | 309.2k $7.5m | Added +200.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 307.0k $7.4m | Added +21.7k |
| Vision Capital Corp 2.18% of their portfolio | 300.0k $7.3m | New |
| Invesco Ltd. 0.00% of their portfolio | 258.7k $6.3m | Reduced -7.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 246.6k $6.0m | Added +5.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 234.6k $5.7m | New |
| Swiss National Bank 0.00% of their portfolio | 221.8k $5.4m | Unchanged |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 217.1k $5.2m | Reduced -1.7m |
| Employees Retirement System of Texas 0.06% of their portfolio | 217.0k $5.2m | Added +100.0k |
| BARCLAYS PLC 0.00% of their portfolio | 209.1k $5.1m | Reduced -79.0k |
| ExodusPoint Capital Management, LP 0.06% of their portfolio | 203.6k $4.9m | New |
| AMERICAN INTERNATIONAL GROUP, INC. 0.02% of their portfolio | 203.2k $4.9m | Reduced -4.0k |
| Sapience Investments, LLC 1.62% of their portfolio | 202.8k $4.9m | Reduced -96.2k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 202.1k $4.9m | Added +17.7k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 201.4k $4.9m | Added +4.8k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 200.7k $4.9m | Added +3.5k |
| Asset Management One Co., Ltd. 0.02% of their portfolio | 196.2k $4.7m | Reduced -2.9k |
| UBS Group AG 0.00% of their portfolio | 186.0k $4.5m | Added +23.9k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 171.0k $4.1m | Added +1.6k |
| ONTARIO TEACHERS PENSION PLAN BOARD 0.04% of their portfolio | 168.2k $4.1m | Reduced -27.7k |
| STRS OHIO 0.02% of their portfolio | 165.5k $4.0m | Added +142.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 165.1k $4.0m | Reduced -7.9k |
| Cubist Systematic Strategies, LLC 0.05% of their portfolio | 163.4k $4.0m | Added +57.8k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 145.0k $3.5m | Reduced -11.4k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 140.6k $3.4m | Reduced -11.9k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 140.5k $3.4m | Added +68.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 140.3k $3.4m | Reduced -11.4k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 136.8k $3.3m | Added +102.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 134.7k $3.3m | Added +4.2k |
| NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio | 131.8k $3.2m | Added +3.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 127.5k $3.1m | Reduced -5.6k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 125.8k $3.0m | Added +475 |
| Lighthouse Investment Partners, LLC 0.18% of their portfolio | 125.0k $3.0m | Reduced -325.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 118.2k $2.9m | Added +28.7k |
| MetLife Investment Management, LLC 0.02% of their portfolio | 117.0k $2.8m | Reduced -3.5k |
| TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio | 116.3k $2.8m | Added +87.0k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 114.8k $2.8m | Reduced -11.4k |
| Dana Investment Advisors, Inc. 0.09% of their portfolio | 114.6k $2.8m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 112.6k $2.7m | Reduced -6.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 107.5k $2.6m | Added +30.2k |
| HRT FINANCIAL LP 0.02% of their portfolio | 104.9k $2.5m | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 103.4k $2.5m | Reduced -446.9k |
| Vestcor Inc 0.09% of their portfolio | 103.0k $2.5m | Added +34.4k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 102.0k $2.5m | New |
| Knights of Columbus Asset Advisors LLC 0.18% of their portfolio | 100.4k $2.4m | Reduced -95.7k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio | 96.8k $2.3m | Reduced -424 |
| AGF MANAGEMENT LTD 0.01% of their portfolio | 96.6k $2.3m | Reduced -20.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 95.5k $2.3m | Added +50.5k |
| Jefferies Financial Group Inc. 0.04% of their portfolio | 91.9k $2.2m | Added +60.4k |
| AlphaQuest LLC 0.39% of their portfolio | 91.7k $2.2m | New |