DIVERSIFIED HEALTHCARE TR DHC
COM SH BEN INT · REIT · CUSIP 25525P107
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersNewton, MA
- FilingsSEC EDGAR
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 219 |
| Q4 2022 | 181 |
| Q1 2023 | 172 |
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 | 82 | 122 |
| Q1 2023 | 82 | 79 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $208.0k | $57.0k | 0.27 |
| Q4 2022 | $68.8k | $69.6k | 1.01 |
| Q1 2023 | $170.0k | $129.5k | 0.76 |
Biggest buyers
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +13.3m |
| D. E. Shaw & Co., Inc. | Added | +10.1m |
| Strategic Value Partners, LLC | New | +6.9m |
| LONESTAR CAPITAL MANAGEMENT LLC | New | +6.8m |
| BRC Group Holdings, Inc. | New | +2.5m |
| Zimmer Partners, LP | Added | +2.2m |
| Nantahala Capital Management, LLC | Added | +1.2m |
| Union Square Park Capital Management, LLC | New | +1.1m |
| Nuveen Asset Management, LLC | Added | +877.4k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +857.8k |
Biggest sellers
| Flat Footed LLC | Reduced | -12.2m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -11.1m |
| CITADEL ADVISORS LLC | Reduced | -4.4m |
| JANE STREET GROUP, LLC | Reduced | -3.7m |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -2.8m |
| Ergoteles LLC | Reduced | -1.6m |
| Russell Investments Group, Ltd. | Sold out | -1.3m |
| Balyasny Asset Management L.P. | Sold out | -1.3m |
| HRT FINANCIAL LP | Sold out | -1.2m |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -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.
| Holder | Stake |
|---|---|
| Flat Footed LLC 13G · institution -0.1 pts · filed 2026-08-14 | 9.7% |
| BlackRock, Inc. 13G · institution filed 2026-07-28 | 8.9% |
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
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 24.5m $33.0m | Added +781.6k |
| BlackRock Inc. 0.00% of their portfolio | 17.7m $23.9m | Added +650.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 17.4m $23.4m | Added +13.3m |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 12.0m $16.1m | Added +10.1m |
| H/2 CREDIT MANAGER LP 4.87% of their portfolio | 10.1m $13.7m | Added +750.0k |
| Zimmer Partners, LP 0.20% of their portfolio | 7.2m $9.8m | Added +2.2m |
| Strategic Value Partners, LLC 4.99% of their portfolio | 6.9m $9.3m | New |
| LONESTAR CAPITAL MANAGEMENT LLC 4.88% of their portfolio | 6.8m $9.1m | New |
| STATE STREET CORP 0.00% of their portfolio | 6.4m $8.7m | Added +79.3k |
| Nantahala Capital Management, LLC 0.70% of their portfolio | 5.4m $7.3m | Added +1.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 5.3m $7.2m | Added +275.9k |
| Flat Footed LLC 2.83% of their portfolio | 4.6m $6.2m | Reduced -12.2m |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 4.1m $5.6m | Added +454.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.5m $4.7m | Reduced -667.3k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 3.0m $4.0m | Reduced -2.8m |
| BRC Group Holdings, Inc. 0.89% of their portfolio | 2.5m $3.4m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 2.4m $3.3m | Added +1.4k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 2.2m $3.0m | Reduced -11.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 2.1m $2.8m | Reduced -151.4k |
| SG Americas Securities, LLC 0.04% of their portfolio | 2.0m $2.8m | Added +8.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 2.0m $2.7m | Reduced -11.1m |
| Potomac Capital Management, Inc. 2.94% of their portfolio | 2.0m $2.7m | Added +149.0k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 1.6m $2.2m | Added +877.4k |
| Invesco Ltd. 0.00% of their portfolio | 1.6m $2.2m | Added +188.1k |
| CastleKnight Management LP 0.50% of their portfolio | 1.4m $1.9m | Added +459.1k |
| Ergoteles LLC 0.07% of their portfolio | 1.4m $1.8m | Reduced -1.6m |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.3m $1.8m | Reduced -761.0k |
| GRATIA CAPITAL, LLC 3.68% of their portfolio | 1.3m $1.8m | Reduced -1.0m |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 1.3m $1.7m | Added +857.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.2m $1.7m | Reduced -412.8k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 1.2m $1.7m | Reduced -346.1k |
| MORGAN STANLEY 0.00% of their portfolio | 1.2m $1.6m | Reduced -1.2m |
| Union Square Park Capital Management, LLC 2.36% of their portfolio | 1.1m $1.5m | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 928.0k $1.3m | Reduced -215.6k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 791.5k $1.1m | Added +525.3k |
| Paloma Partners Management Co 0.21% of their portfolio | 711.0k $959.9k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 679.9k $917.9k | Reduced -4.4m |
| MARSHALL WACE, LLP 0.00% of their portfolio | 675.4k $911.8k | Added +325.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 619.9k $836.9k | Added +308.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 572.1k $772.3k | Added +233.6k |
| Garner Asset Management Corp 3.37% of their portfolio | 560.2k $7.3m | Added +59.7k |
| STRS OHIO 0.00% of their portfolio | 532.2k $717.0k | Added +292.4k |
| Nierenberg Investment Management Company, LLC 0.49% of their portfolio | 478.1k $645.4k | Added +444.0k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 437.6k $591.0k | Reduced -5.7k |
| Asset Management One Co., Ltd. 0.00% of their portfolio | 412.8k $557.3k | Added +26.9k |
| Pensionfund PDN 0.36% of their portfolio | 399.1k $539.0k | Unchanged |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.00% of their portfolio | 394.3k $532.3k | Reduced -56.9k |
| LSV ASSET MANAGEMENT 0.00% of their portfolio | 390.9k $528.0k | Unchanged |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 388.0k $524.0k | Added +108.5k |
| Values First Advisors, Inc. 0.33% of their portfolio | 382.9k $516.9k | Added +193.3k |
| Tekla Capital Management LLC 0.02% of their portfolio | 357.7k $482.9k | Unchanged |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 333.3k $450.0k | Reduced -4.1k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 332.9k $449.5k | Reduced -3.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 285.1k $385.0k | Reduced -111.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 275.4k $371.9k | Added +2.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 268.7k $362.7k | Added +10.2k |
| ALGERT GLOBAL LLC 0.02% of their portfolio | 262.3k $354.1k | Added +117.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 241.3k $325.7k | Added +5.4k |
| NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio | 241.0k $325.4k | Unchanged |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 231.6k $312.7k | Added +212.6k |
| Krilogy Financial LLC 0.02% of their portfolio | 220.0k $297.0k | New |
| Corre Partners Management, LLC 0.77% of their portfolio | 218.0k $294.3k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 206.4k $278.6k | Reduced -270.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 205.7k $277.7k | Reduced -77.7k |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 200.7k $271.0k | Unchanged |
| Palogic Value Management, L.P. 0.13% of their portfolio | 200.0k $270.0k | New |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 168.1k $224.0k | Added +17.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 166.8k $225.2k | Reduced -252.9k |
| Quinn Opportunity Partners LLC 0.02% of their portfolio | 166.6k $224.9k | Unchanged |
| Manatuck Hill Partners, LLC 0.10% of their portfolio | 150.0k $202.5k | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 149.6k $202.0k | Added +49.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 148.7k $200.7k | Unchanged |
| Pensionfund Sabic 0.07% of their portfolio | 143.1k $193.0k | Unchanged |
| MetLife Investment Management, LLC 0.00% of their portfolio | 126.0k $170.1k | Added +78.7k |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 122.7k $165.0k | Added +4.1k |
| BARCLAYS PLC 0.00% of their portfolio | 120.8k $163.1k | Reduced -22.4k |
| UBS Group AG 0.00% of their portfolio | 118.3k $159.7k | Added +11.2k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio | 114.8k $155.0k | Added +2.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 97.6k $131.8k | Unchanged |
| Humankind Investments LLC 0.05% of their portfolio | 93.9k $126.8k | Added +19.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 88.8k $119.8k | Reduced -25.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 83.2k $112.3k | Reduced -785.0k |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 83.2k $112.0k | Added +8.5k |
| Bayesian Capital Management, LP 0.01% of their portfolio | 80.2k $108.3k | Added +41.4k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.00% of their portfolio | 72.5k $98.0k | Unchanged |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 72.0k $97.0k | Added +5.4k |
| CIM INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 71.2k $96.1k | Added +2.5k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 71.0k $95.9k | Added +23.6k |
| One Wealth Map LLC 0.05% of their portfolio | 70.2k $77.2k | Added +862 |
| Meiji Yasuda Asset Management Co Ltd. 0.00% of their portfolio | 67.2k $91.0k | Unchanged |
| FIDELIS CAPITAL PARTNERS, LLC 0.02% of their portfolio | 55.4k $48.8k | New |
| CITIGROUP INC 0.00% of their portfolio | 47.4k $64.0k | Reduced -757.8k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.00% of their portfolio | 47.2k $64.0k | Unchanged |
| M&T Bank Corp 0.00% of their portfolio | 35.7k $48.2k | Reduced -450 |
| Old Port Advisors 0.02% of their portfolio | 35.4k $42.5k | Reduced -13.6k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 35.2k $47.0k | Reduced -61.0k |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 34.3k $46.4k | Reduced -23 |
| Gould Capital, LLC 0.03% of their portfolio | 30.9k $41.8k | Added +5.3k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 30.8k $41.5k | Reduced -2.3k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 30.0k $40.5k | New |