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 ($49.7k this quarter). Holder counts are more reliable. Shares outstanding: 240.4m as of 2024-05-01, 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 ≈ $2.49. Options: 7 managers hold calls ($1.8m notional), 9 hold puts ($2.0m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 219 |
| Q4 2022 | 181 |
| Q1 2023 | 172 |
| Q2 2023 | 160 |
| Q3 2023 | 177 |
| Q4 2023 | 179 |
| Q1 2024 | 187 |
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 |
| Q2 2023 | 59 | 91 |
| Q3 2023 | 80 | 69 |
| Q4 2023 | 79 | 81 |
| Q1 2024 | 70 | 76 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $2.3m | $1.2m | 0.52 |
| Q3 2023 | $2.9m | $2.5m | 0.86 |
| Q4 2023 | $2.3m | $10.5m | 4.56 |
| Q1 2024 | $1.8m | $2.0m | 1.14 |
Biggest buyers
| NOMURA HOLDINGS INC | New | +9.6m |
| MORGAN STANLEY | Added | +1.7m |
| BlackBarn Capital Partners LP | Added | +550.0k |
| JANE STREET GROUP, LLC | Added | +460.9k |
| MILLENNIUM MANAGEMENT LLC | Added | +457.1k |
| JPMORGAN CHASE & CO | Added | +324.3k |
| STATE OF WISCONSIN INVESTMENT BOARD | Added | +207.5k |
| Beryl Capital Management LLC | Added | +189.8k |
| DIMENSIONAL FUND ADVISORS LP | Added | +176.4k |
| HRT FINANCIAL LP | Added | +172.6k |
Biggest sellers
| BANK OF AMERICA CORP /DE/ | Reduced | -6.2m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Reduced | -3.4m |
| PRUDENTIAL FINANCIAL INC | Reduced | -809.5k |
| LONESTAR CAPITAL MANAGEMENT LLC | Reduced | -675.0k |
| Invesco Ltd. | Reduced | -611.2k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -502.4k |
| BlackRock Inc. | Reduced | -330.6k |
| D. E. Shaw & Co., Inc. | Reduced | -305.3k |
| VANGUARD GROUP INC | Reduced | -287.1k |
| TWO SIGMA ADVISERS, LP | Reduced | -270.0k |
Biggest calls
| Parallax Volatility Advisers, L.P. | New | $615.0k250.0k shares |
| GROUP ONE TRADING LLC | Reduced | $391.4k159.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $316.1k128.5k shares |
| CITADEL ADVISORS LLC | Added | $314.9k128.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $99.0k40.3k shares |
| JANE STREET GROUP, LLC | Reduced | $41.1k16.7k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| NOMURA HOLDINGS INC | New | $824.1k335.0k shares |
| Squarepoint Ops LLC | New | $405.9k165.0k shares |
| CITADEL ADVISORS LLC | Reduced | $343.9k139.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $202.9k82.5k shares |
| JANE STREET GROUP, LLC | Reduced | $98.4k40.0k shares |
| GROUP ONE TRADING LLC | Reduced | $72.8k29.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $40.0k16.3k shares |
| WOLVERINE TRADING, LLC | Added | $32.5k13.2k 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 |
|---|---|
| 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 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 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 1 | $46.8m | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| Flat Footed LLC 29.52% of their portfolio | 23.5m $57.8m | Unchanged |
| VANGUARD GROUP INC 0.00% of their portfolio | 19.8m $48.7m | Reduced -287.1k |
| BlackRock Inc. 0.00% of their portfolio | 18.4m $45.2m | Reduced -330.6k |
| Silver Point Capital L.P. 3.05% of their portfolio | 15.5m $38.1m | Reduced -215.2k |
| H/2 CREDIT MANAGER LP 9.41% of their portfolio | 14.9m $36.7m | Unchanged |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 13.5m $33.1m | Reduced -305.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 10.9m $26.9m | Reduced -3.4m |
| NOMURA HOLDINGS INC 0.19% of their portfolio | 9.6m $23.6m | New |
| STATE STREET CORP 0.00% of their portfolio | 6.6m $16.3m | Reduced -161.0k |
| LONESTAR CAPITAL MANAGEMENT LLC 16.53% of their portfolio | 6.5m $16.0m | Reduced -675.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 5.6m $13.8m | Added +115.6k |
| MORGAN STANLEY 0.00% of their portfolio | 4.0m $9.7m | Added +1.7m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 2.1m $5.2m | Reduced -32.1k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 2.0m $4.8m | Added +176.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.8m $4.4m | Added +324.3k |
| BlackBarn Capital Partners LP 2.49% of their portfolio | 1.8m $4.3m | Added +550.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 1.7m $4.2m | Added +136.0k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 1.5m $3.8m | Reduced -270.0k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 1.4m $3.5m | Reduced -809.5k |
| Invesco Ltd. 0.00% of their portfolio | 1.4m $3.3m | Reduced -611.2k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 1.3m $3.2m | Added +457.1k |
| CastleKnight Management LP 0.44% of their portfolio | 1.2m $3.0m | Reduced -65.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.1m $2.8m | Reduced -90.6k |
| Beryl Capital Management LLC 3.01% of their portfolio | 1.0m $2.5m | Added +189.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 955.5k $2.4m | Reduced -140.0k |
| Union Square Park Capital Management, LLC 3.71% of their portfolio | 800.0k $2.0m | Added +150.0k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 728.9k $1.8m | Added +4.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 695.3k $1.7m | Reduced -214.1k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 615.4k $1.5m | Added +460.9k |
| Pale Fire Capital SE 0.18% of their portfolio | 518.7k $1.3m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 507.2k $1.2m | Reduced -502.4k |
| Nierenberg Investment Management Company, LLC 0.67% of their portfolio | 467.1k $1.1m | Unchanged |
| Garner Asset Management Corp 3.43% of their portfolio | 466.4k $6.9m | Added +12.1k |
| HRT FINANCIAL LP 0.01% of their portfolio | 465.9k $1.1m | Added +172.6k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 457.6k $1.1m | Reduced -5.3k |
| WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio | 386.3k $950.2k | Added +118.7k |
| LSV ASSET MANAGEMENT 0.00% of their portfolio | 385.7k $949.0k | Unchanged |
| Aberdeen Group plc 0.00% of their portfolio | 357.7k $880.0k | Unchanged |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 344.3k $847.0k | Reduced -15.9k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 343.2k $844.3k | Added +37.1k |
| Swiss National Bank 0.00% of their portfolio | 330.8k $813.8k | Unchanged |
| Asset Management One Co., Ltd. 0.00% of their portfolio | 323.6k $796.1k | Unchanged |
| CAXTON ASSOCIATES LP 0.05% of their portfolio | 299.6k $737.0k | Reduced -161.3k |
| ALGERT GLOBAL LLC 0.03% of their portfolio | 299.0k $735.6k | Added +78.0k |
| UBS Group AG 0.00% of their portfolio | 289.6k $712.4k | Reduced -55.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 277.3k $682.1k | Added +207.5k |
| NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio | 259.7k $638.9k | Added +18.7k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 255.6k $628.0k | Reduced -201.1k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 245.9k $602.0k | Added +5.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 242.6k $596.8k | Reduced -6.3k |
| BARCLAYS PLC 0.00% of their portfolio | 200.8k $494.0k | Reduced -160.6k |
| RBF Capital, LLC 0.03% of their portfolio | 200.0k $492.0k | Unchanged |
| BRIGADE CAPITAL MANAGEMENT, LP 0.35% of their portfolio | 200.0k $492.0k | Added +100.0k |
| Legal & General Group Plc 0.00% of their portfolio | 182.3k $448.5k | Unchanged |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 179.5k $441.5k | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 175.4k $431.4k | Reduced -13.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 161.8k $398.0k | Added +118.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 159.1k $391.5k | Added +45.9k |
| Squarepoint Ops LLC 0.00% of their portfolio | 153.8k $378.5k | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 148.7k $200.7k | Reduced -90 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 143.0k $352.0k | Reduced -28.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 137.1k $337.2k | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 126.8k $311.9k | Unchanged |
| ExodusPoint Capital Management, LP 0.00% of their portfolio | 124.1k $305.0k | New |
| ARISTEIA CAPITAL, L.L.C. 0.01% of their portfolio | 120.5k $296.5k | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 120.2k $295.8k | Reduced -6.2m |
| AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio | 117.8k $289.8k | Reduced -1.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 114.4k $281.5k | Reduced -3.0k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 113.2k $278.4k | Reduced -12.9k |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 112.9k $277.0k | Added +581 |
| Black Maple Capital Management LP 0.16% of their portfolio | 100.0k $246.0k | New |
| Quinn Opportunity Partners LLC 0.03% of their portfolio | 96.0k $236.2k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 93.1k $229.0k | Added +10.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 89.7k $220.6k | Reduced -6.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 85.8k $210.8k | Reduced -11.8k |
| SG Americas Securities, LLC 0.00% of their portfolio | 84.6k $208.0k | Reduced -49.5k |
| DEERFIELD MANAGEMENT COMPANY, L.P. 0.00% of their portfolio | 84.2k $207.1k | New |
| Resona Asset Management Co.,Ltd. 0.00% of their portfolio | 83.8k $206.2k | First filing |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 82.9k $204.0k | Added +35 |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 78.3k $192.7k | Added +120 |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 75.9k $102.8k | New |
| Point72 Asia (Singapore) Pte. Ltd. 0.05% of their portfolio | 75.5k $185.7k | Added +75.0k |
| SOUTHPORT MANAGEMENT, L.L.C. 0.68% of their portfolio | 75.0k $184.5k | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 72.8k $179.1k | Added +3.2k |
| CIM INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 71.2k $175.2k | Unchanged |
| Verition Fund Management LLC 0.00% of their portfolio | 71.0k $174.7k | Added +46.0k |
| One Wealth Map LLC 0.11% of their portfolio | 70.7k $171.8k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 70.3k $172.9k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 70.0k $172.1k | Added +7.7k |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 68.5k $169.0k | Added +2.8k |
| State of Wyoming 0.03% of their portfolio | 62.1k $152.8k | Reduced -74.1k |
| Quantbot Technologies LP 0.01% of their portfolio | 60.1k $147.9k | Added +9.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.00% of their portfolio | 56.5k $139.0k | Unchanged |
| FMR LLC 0.00% of their portfolio | 56.2k $138.4k | Added +384 |
| FIDELIS CAPITAL PARTNERS, LLC 0.02% of their portfolio | 54.9k $135.1k | Unchanged |
| Pensionfund PDN 0.07% of their portfolio | 50.0k $123.0k | Unchanged |
| TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio | 49.6k $122.0k | New |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 46.3k $113.8k | Reduced -665 |
| Graham Capital Management, L.P. 0.00% of their portfolio | 45.0k $110.8k | New |
| ProShare Advisors LLC 0.00% of their portfolio | 43.0k $105.7k | Added +3.4k |