Vault-13

DIVERSIFIED HEALTHCARE TR DHC

COM SH BEN INT · REIT · CUSIP 25525P107

172 institutional holders -9 vs Q4 2022
181,987,203182.0m shares reported held*
75.9% of all shares outstanding*
$252.2mreported value*
24 new 58 added 49 reduced 30 sold out net bought ≈ $3.7m (+2.8m shares)

* 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. Holder counts are more reliable. Shares outstanding: 239.7m as of 2023-05-03, 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 ≈ $1.39. Options: 7 managers hold calls ($170.0k notional), 4 hold puts ($129.5k).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 219Q4 22: 181Q1 23: 172172Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022219
Q4 2022181
Q1 2023172

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 82 bought or addedQ4 22: 122 cut or sold outQ4 22Q1 23: 82 bought or addedQ1 23: 79 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 202282122
Q1 20238279

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300kQ3 22 calls: $208.0kQ3 22 puts: $57.0kQ3 22P/C 0.27Q4 22 calls: $68.8kQ4 22 puts: $69.6kQ4 22P/C 1.01Q1 23 calls: $170.0kQ1 23 puts: $129.5kQ1 23P/C 0.76
Numbers
QuarterCallsPutsP/C
Q3 2022$208.0k$57.0k0.27
Q4 2022$68.8k$69.6k1.01
Q1 2023$170.0k$129.5k0.76

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +13,274,098+13.3m
D. E. Shaw & Co., Inc. Added +10,112,441+10.1m
Strategic Value Partners, LLC New +6,853,080+6.9m
LONESTAR CAPITAL MANAGEMENT LLC New +6,769,131+6.8m
BRC Group Holdings, Inc. New +2,516,320+2.5m
Zimmer Partners, LP Added +2,192,260+2.2m
Nantahala Capital Management, LLC Added +1,173,637+1.2m
Union Square Park Capital Management, LLC New +1,100,000+1.1m
Nuveen Asset Management, LLC Added +877,371+877.4k
ACADIAN ASSET MANAGEMENT LLC Added +857,800+857.8k

Biggest sellers

Flat Footed LLC Reduced -12,166,635-12.2m
MILLENNIUM MANAGEMENT LLC Reduced -11,052,001-11.1m
CITADEL ADVISORS LLC Reduced -4,415,840-4.4m
JANE STREET GROUP, LLC Reduced -3,660,456-3.7m
AQR CAPITAL MANAGEMENT LLC Reduced -2,846,021-2.8m
Ergoteles LLC Reduced -1,583,107-1.6m
Russell Investments Group, Ltd. Sold out -1,301,242-1.3m
Balyasny Asset Management L.P. Sold out -1,259,848-1.3m
HRT FINANCIAL LP Sold out -1,226,006-1.2m
RENAISSANCE TECHNOLOGIES LLC Sold out -1,223,683-1.2m

Biggest calls

Black Maple Capital Management LP New $51.8k38.4k shares
WOLVERINE TRADING, LLC New $50.0k37.0k shares
CITADEL ADVISORS LLC Added $37.1k27.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $19.7k14.6k shares
SIMPLEX TRADING, LLC New $9.0k6.8k shares
GROUP ONE TRADING LLC Reduced $2.3k1.7k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $65.7k48.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $63.3k46.9k shares
GROUP ONE TRADING LLC New $405300 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.

HolderStakeChangeShares Last filed
Flat Footed LLC 13G · institution -0.1 pts · filed 2026-08-14 9.7% -0.1 pts 23.5m≈ $218.4m 2026-08-14
BlackRock, Inc. 13G · institution filed 2026-07-28 8.9% 21.6m≈ $200.6m 2026-07-28

Fell to 5% or below in the last year: H/2 Special Opportunities IV L.P. (5.0%, 2026-08-12), VANGUARD GROUP INC (0.0%, 2026-03-26)

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.

None reported in Q1 2023.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 24,452,96524.5m $33.0m $33.0m 0.00% Added +781.6k +781,574
2 BlackRock Inc. 0.00% of their portfolio New York, NY 17,734,71817.7m $23.9m $23.9m 0.00% Added +650.9k +650,911
3 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 17,358,30417.4m $23.4m $23.4m 0.01% Added +13.3m +13,274,098
4 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 11,957,47412.0m $16.1m $16.1m 0.03% Added +10.1m +10,112,441
5 H/2 CREDIT MANAGER LP 4.87% of their portfolio STAMFORD, CT 10,126,46610.1m $13.7m $13.7m 4.87% Added +750.0k +750,000
6 Zimmer Partners, LP 0.20% of their portfolio NEW YORK, NY 7,227,3357.2m $9.8m $9.8m 0.20% Added +2.2m +2,192,260
7 Strategic Value Partners, LLC 4.99% of their portfolio Greenwich, CT 6,853,0806.9m $9.3m $9.3m 4.99% New
8 LONESTAR CAPITAL MANAGEMENT LLC 4.88% of their portfolio San Francisco, CA 6,769,1316.8m $9.1m $9.1m 4.88% New
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 6,419,6906.4m $8.7m $8.7m 0.00% Added +79.3k +79,254
10 Nantahala Capital Management, LLC 0.70% of their portfolio NEW CANAAN, CT 5,388,6375.4m $7.3m $7.3m 0.70% Added +1.2m +1,173,637
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 5,324,2265.3m $7.2m $7.2m 0.00% Added +275.9k +275,855
12 Flat Footed LLC 2.83% of their portfolio WILSON, WY 4,563,5214.6m $6.2m $6.2m 2.83% Reduced -12.2m -12,166,635
13 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 4,112,9004.1m $5.6m $5.6m 0.01% Added +454.5k +454,500
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,512,2413.5m $4.7m $4.7m 0.00% Reduced -667.3k -667,255
15 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 2,980,5843.0m $4.0m $4.0m 0.01% Reduced -2.8m -2,846,021
16 BRC Group Holdings, Inc. 0.89% of their portfolio LOS ANGELES, CA 2,516,3202.5m $3.4m $3.4m 0.89% New
17 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 2,444,7372.4m $3.3m $3.3m 0.00% Added +1.4k +1,367
18 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 2,238,9532.2m $3.0m $3.0m 0.00% Reduced -11.3k -11,350
19 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 2,085,3232.1m $2.8m $2.8m 0.00% Reduced -151.4k -151,422
20 SG Americas Securities, LLC 0.04% of their portfolio NEW YORK, NY 2,043,3032.0m $2.8m $2.8m 0.04% Added +8.4k +8,377
21 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 2,002,1072.0m $2.7m $2.7m 0.00% Reduced -11.1m -11,052,001
22 Potomac Capital Management, Inc. 2.94% of their portfolio NEW YORK, NY 1,999,0002.0m $2.7m $2.7m 2.94% Added +149.0k +149,000
23 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 1,622,1631.6m $2.2m $2.2m 0.00% Added +877.4k +877,371
24 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,595,7521.6m $2.2m $2.2m 0.00% Added +188.1k +188,131
25 CastleKnight Management LP 0.50% of their portfolio New York, NY 1,442,6701.4m $1.9m $1.9m 0.50% Added +459.1k +459,100
26 Ergoteles LLC 0.07% of their portfolio NEW YORK, NY 1,365,0341.4m $1.8m $1.8m 0.07% Reduced -1.6m -1,583,107
27 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 1,335,0481.3m $1.8m $1.8m 0.00% Reduced -761.0k -761,034
28 GRATIA CAPITAL, LLC 3.68% of their portfolio LOS ANGELES, CA 1,318,4841.3m $1.8m $1.8m 3.68% Reduced -1.0m -1,047,000
29 ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio Boston, MA 1,274,6741.3m $1.7m $1.7m 0.01% Added +857.8k +857,800
30 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,226,1071.2m $1.7m $1.7m 0.00% Reduced -412.8k -412,799
31 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 1,223,0881.2m $1.7m $1.7m 0.00% Reduced -346.1k -346,072
32 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,213,4411.2m $1.6m $1.6m 0.00% Reduced -1.2m -1,161,366
33 Union Square Park Capital Management, LLC 2.36% of their portfolio New York, NY 1,100,0001.1m $1.5m $1.5m 2.36% New
34 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 927,965928.0k $1.3m $1.3m 0.00% Reduced -215.6k -215,643
35 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 791,511791.5k $1.1m $1.1m 0.00% Added +525.3k +525,277
36 Paloma Partners Management Co 0.21% of their portfolio GREENWICH, CT 711,000711.0k $959.9k $959.9k 0.21% New
37 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 679,891679.9k $917.9k $917.9k 0.00% Reduced -4.4m -4,415,840
38 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 675,370675.4k $911.8k $911.8k 0.00% Added +325.9k +325,853
39 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 619,949619.9k $836.9k $836.9k 0.00% Added +308.3k +308,312
40 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 572,100572.1k $772.3k $772.3k 0.00% Added +233.6k +233,617
41 Garner Asset Management Corp 3.37% of their portfolio PLANO, TX 560,165560.2k $7.3m $7.3m 3.37% Added +59.7k +59,726
42 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 532,206532.2k $717.0k $717.0k 0.00% Added +292.4k +292,376
43 Nierenberg Investment Management Company, LLC 0.49% of their portfolio Camas, WA 478,110478.1k $645.4k $645.4k 0.49% Added +444.0k +444,000
44 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 437,593437.6k $591.0k $591.0k 0.00% Reduced -5.7k -5,727
45 Asset Management One Co., Ltd. 0.00% of their portfolio TOKYO, M0 412,785412.8k $557.3k $557.3k 0.00% Added +26.9k +26,949
46 Pensionfund PDN 0.36% of their portfolio SITTARD, P7 399,100399.1k $539.0k $539.0k 0.36% Unchanged
47 Grantham, Mayo, Van Otterloo & Co. LLC 0.00% of their portfolio Boston, MA 394,300394.3k $532.3k $532.3k 0.00% Reduced -56.9k -56,900
48 LSV ASSET MANAGEMENT 0.00% of their portfolio CHICAGO, IL 390,904390.9k $528.0k $528.0k 0.00% Unchanged
49 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 388,020388.0k $524.0k $524.0k 0.00% Added +108.5k +108,480
50 Values First Advisors, Inc. 0.33% of their portfolio JOHNSON CITY, TN 382,900382.9k $516.9k $516.9k 0.33% Added +193.3k +193,339
51 Tekla Capital Management LLC 0.02% of their portfolio Boston, MA 357,720357.7k $482.9k $482.9k 0.02% Unchanged
52 TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio STAMFORD, CT 333,274333.3k $450.0k $450.0k 0.01% Reduced -4.1k -4,068
53 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 332,946332.9k $449.5k $449.5k 0.00% Reduced -3.7m -3,660,456
54 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 285,103285.1k $385.0k $385.0k 0.00% Reduced -111.8k -111,822
55 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 275,450275.4k $371.9k $371.9k 0.00% Added +2.7k +2,671
56 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 268,683268.7k $362.7k $362.7k 0.00% Added +10.2k +10,174
57 ALGERT GLOBAL LLC 0.02% of their portfolio SAN FRANCISCO, CA 262,300262.3k $354.1k $354.1k 0.02% Added +117.5k +117,540
58 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 241,288241.3k $325.7k $325.7k 0.00% Added +5.4k +5,387
59 NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio TOKYO, M0 241,000241.0k $325.4k $325.4k 0.00% Unchanged
60 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 231,616231.6k $312.7k $312.7k 0.00% Added +212.6k +212,610
61 Krilogy Financial LLC 0.02% of their portfolio ST. LOUIS, MO 220,000220.0k $297.0k $297.0k 0.02% New
62 Corre Partners Management, LLC 0.77% of their portfolio New York, NY 217,995218.0k $294.3k $294.3k 0.77% New
63 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 206,357206.4k $278.6k $278.6k 0.00% Reduced -270.1k -270,145
64 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 205,668205.7k $277.7k $277.7k 0.00% Reduced -77.7k -77,658
65 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 200,726200.7k $271.0k $271.0k 0.00% Unchanged
66 Palogic Value Management, L.P. 0.13% of their portfolio DALLAS, TX 200,000200.0k $270.0k $270.0k 0.13% New
67 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 168,082168.1k $224.0k $224.0k 0.00% Added +17.2k +17,242
68 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 166,829166.8k $225.2k $225.2k 0.00% Reduced -252.9k -252,870
69 Quinn Opportunity Partners LLC 0.02% of their portfolio CHARLOTTESVILLE, VA 166,600166.6k $224.9k $224.9k 0.02% Unchanged
70 Manatuck Hill Partners, LLC 0.10% of their portfolio WESTPORT, CT 150,000150.0k $202.5k $202.5k 0.10% New
71 Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio TOKYO, M0 149,606149.6k $202.0k $202.0k 0.00% Added +49.7k +49,651
72 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 148,657148.7k $200.7k $200.7k 0.00% Unchanged
73 Pensionfund Sabic 0.07% of their portfolio SITTARD, P7 143,100143.1k $193.0k $193.0k 0.07% Unchanged
74 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 126,031126.0k $170.1k $170.1k 0.00% Added +78.7k +78,684
75 State of Alaska, Department of Revenue 0.00% of their portfolio JUNEAU, AK 122,679122.7k $165.0k $165.0k 0.00% Added +4.1k +4,094
76 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 120,837120.8k $163.1k $163.1k 0.00% Reduced -22.4k -22,377
77 UBS Group AG 0.00% of their portfolio ZURICH, V8 118,289118.3k $159.7k $159.7k 0.00% Added +11.2k +11,168
78 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 114,809114.8k $155.0k $155.0k 0.00% Added +2.3k +2,285
79 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 97,60697.6k $131.8k $131.8k 0.00% Unchanged
80 Humankind Investments LLC 0.05% of their portfolio NEW YORK, NY 93,94693.9k $126.8k $126.8k 0.05% Added +19.0k +19,021
81 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 88,77688.8k $119.8k $119.8k 0.00% Reduced -25.2k -25,196
82 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 83,16883.2k $112.3k $112.3k 0.00% Reduced -785.0k -785,024
83 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 83,16283.2k $112.0k $112.0k 0.00% Added +8.5k +8,529
84 Bayesian Capital Management, LP 0.01% of their portfolio Brooklyn, NY 80,20080.2k $108.3k $108.3k 0.01% Added +41.4k +41,400
85 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.00% of their portfolio FRANKFORT, KY 72,52072.5k $98.0k $98.0k 0.00% Unchanged
86 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 71,98172.0k $97.0k $97.0k 0.00% Added +5.4k +5,395
87 CIM INVESTMENT MANAGEMENT INC 0.04% of their portfolio PITTSBURGH, PA 71,22071.2k $96.1k $96.1k 0.04% Added +2.5k +2,462
88 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 71,04771.0k $95.9k $95.9k 0.00% Added +23.6k +23,559
89 One Wealth Map LLC 0.05% of their portfolio LAS VEGAS, NV 70,16470.2k $77.2k $77.2k 0.05% Added +862 +862
90 Meiji Yasuda Asset Management Co Ltd. 0.00% of their portfolio Tokyo, M0 67,22267.2k $91.0k $91.0k 0.00% Unchanged
91 FIDELIS CAPITAL PARTNERS, LLC 0.02% of their portfolio TAMPA, FL 55,37055.4k $48.8k $48.8k 0.02% New
92 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 47,43147.4k $64.0k $64.0k 0.00% Reduced -757.8k -757,750
93 PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.00% of their portfolio DENVER, CO 47,18347.2k $64.0k $64.0k 0.00% Unchanged
94 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 35,67635.7k $48.2k $48.2k 0.00% Reduced -450 -450
95 Old Port Advisors 0.02% of their portfolio PORTLAND, ME 35,38935.4k $42.5k $42.5k 0.02% Reduced -13.6k -13,610
96 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 35,15835.2k $47.0k $47.0k 0.00% Reduced -61.0k -60,971
97 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 34,34934.3k $46.4k $46.4k 0.00% Reduced -23 -23
98 Gould Capital, LLC 0.03% of their portfolio TACOMA, WA 30,94630.9k $41.8k $41.8k 0.03% Added +5.3k +5,328
99 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 30,75030.8k $41.5k $41.5k 0.00% Reduced -2.3k -2,294
100 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 30,03130.0k $40.5k $40.5k 0.00% New