Vault-13

EQUITY COMWLTH EQC

COM SH BEN INT · REIT · CUSIP 294628102

253 institutional holders -6 vs Q4 2022
110,461,590110.5m shares reported held*
$2.3bnreported value*
28 new 118 added 75 reduced 35 sold out net bought ≈ $99.0m (+4.8m 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 ($4.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $20.71. Options: 4 managers hold calls ($629.5k notional), 4 hold puts ($2.7m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 242Q4 22: 259Q1 23: 253253Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022242
Q4 2022259
Q1 2023253

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 138 bought or addedQ4 22: 102 cut or sold outQ4 22Q1 23: 146 bought or addedQ1 23: 110 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022138102
Q1 2023146110

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ3 22 calls: $0Q3 22 puts: $1.2mQ3 22P/C —Q4 22 calls: $27.5kQ4 22 puts: $1.3mQ4 22P/C 46.70Q1 23 calls: $629.5kQ1 23 puts: $2.7mQ1 23P/C 4.25
Numbers
QuarterCallsPutsP/C
Q3 2022$0$1.2m—
Q4 2022$27.5k$1.3m46.70
Q1 2023$629.5k$2.7m4.25

Biggest buyers

FMR LLC Added +1,982,031+2.0m
Burgundy Asset Management Ltd. Added +1,783,462+1.8m
CITADEL ADVISORS LLC Added +1,000,031+1.0m
MORGAN STANLEY Added +835,572+835.6k
NORGES BANK Added +713,076+713.1k
ARIEL INVESTMENTS, LLC Added +676,086+676.1k
HEARTLAND ADVISORS INC Added +606,998+607.0k
VICTORY CAPITAL MANAGEMENT INC Added +558,796+558.8k
Aberdeen Group plc Added +544,392+544.4k
Invenomic Capital Management LP New +494,679+494.7k

Biggest sellers

BlackRock Inc. Reduced -2,193,960-2.2m
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -2,095,431-2.1m
NUANCE INVESTMENTS, LLC Reduced -2,080,933-2.1m
STATE STREET CORP Reduced -1,838,315-1.8m
Amundi Sold out -482,648-482.6k
D. E. Shaw & Co., Inc. Reduced -458,136-458.1k
Legal & General Group Plc Reduced -438,137-438.1k
NORTHERN TRUST CORP Reduced -325,531-325.5k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -303,522-303.5k
BARCLAYS PLC Reduced -267,820-267.8k

Biggest calls

CITADEL ADVISORS LLC Added $308.6k14.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $200.9k9.7k shares
SIMPLEX TRADING, LLC New $120.0k5.8k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

GROUP ONE TRADING LLC New $2.0m98.0k shares
CITADEL ADVISORS LLC Added $610.9k29.5k shares
SIMPLEX TRADING, LLC Reduced $37.0k1.8k 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
Weiss Asset Management LP 13G · passive investor filed 2025-01-30 8.8% 9.5m 2025-01-30
Alberta Investment Management Corp 13G · passive investor new · filed 2024-12-23 8.1% new 8.7m 2024-12-23
Indaba Capital Management, L.P. 13G · institution -1.1 pts · filed 2025-05-15 7.8% -1.1 pts 8.4m 2025-05-15
BlackRock, Inc. 13G · institution new · filed 2025-02-06 5.2% new 5.6m 2025-02-06

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 17,093,69117.1m $354.0m $354.0m 0.01% Added +116.1k +116,059
2 BlackRock Inc. 0.01% of their portfolio New York, NY 8,455,1078.5m $175.1m $175.1m 0.01% Reduced -2.2m -2,193,960
3 FMR LLC 0.01% of their portfolio BOSTON, MA 6,954,4127.0m $144.0m $144.0m 0.01% Added +2.0m +1,982,031
4 ARIEL INVESTMENTS, LLC 1.33% of their portfolio CHICAGO, IL 6,705,7386.7m $138.9m $138.9m 1.33% Added +676.1k +676,086
5 SEGALL BRYANT & HAMILL, LLC 1.03% of their portfolio CHICAGO, IL 4,592,6294.6m $95.1m $95.1m 1.03% Added +79.6k +79,617
6 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,634,6793.6m $75.3m $75.3m 0.00% Reduced -1.8m -1,838,315
7 NUANCE INVESTMENTS, LLC 1.46% of their portfolio Kansas City, MO 3,338,1523.3m $69.1m $69.1m 1.46% Reduced -2.1m -2,080,933
8 Burgundy Asset Management Ltd. 0.68% of their portfolio Toronto, A6 2,673,1892.7m $55.4m $55.4m 0.68% Added +1.8m +1,783,462
9 CHAI TRUST CO LLC 7.04% of their portfolio CHICAGO, IL 2,584,3002.6m $53.5m $53.5m 7.04% Unchanged
10 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 2,256,7052.3m $46.7m $46.7m 0.01% Added +102.0k +101,982
11 RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio NEW YORK, NY 2,250,2852.3m $46.6m $46.6m 0.06% Added +209.6k +209,600
12 CRAMER ROSENTHAL MCGLYNN LLC 1.94% of their portfolio STAMFORD, CT 2,077,0572.1m $43.0m $43.0m 1.94% Added +67.9k +67,893
13 CARDINAL CAPITAL MANAGEMENT LLC /CT 1.46% of their portfolio GREENWICH, CT 1,988,9392.0m $41.2m $41.2m 1.46% Added +363.2k +363,212
14 Robeco Institutional Asset Management B.V. 0.11% of their portfolio ROTTERDAM, P7 1,868,1831.9m $38.7m $38.7m 0.11% Added +370.9k +370,859
15 Resolution Capital Ltd 0.63% of their portfolio Sydney, Nsw, C3 1,791,9711.8m $37.1m $37.1m 0.63% Reduced -9.0k -9,000
16 NORGES BANK 0.01% of their portfolio OSLO, Q8 1,783,8891.8m $36.9m $36.9m 0.01% Added +713.1k +713,076
17 VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio San Antonio, TX 1,600,0441.6m $33.1m $33.1m 0.04% Added +558.8k +558,796
18 THOMPSON SIEGEL & WALMSLEY LLC 0.52% of their portfolio RICHMOND, VA 1,567,1781.6m $32.5m $32.5m 0.52% Added +106.0k +106,015
19 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,531,8921.5m $31.7m $31.7m 0.01% Reduced -47.1k -47,095
20 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 1,511,5451.5m $31.3m $31.3m 0.01% Added +65.0k +64,985
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,501,4191.5m $31.1m $31.1m 0.00% Added +835.6k +835,572
22 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,392,9431.4m $28.8m $28.8m 0.01% Added +296.1k +296,101
23 St. James Investment Company, LLC 4.17% of their portfolio SOUTHLAKE, TX 1,362,6171.4m $28.2m $28.2m 4.17% Added +349.7k +349,691
24 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,217,1491.2m $25.2m $25.2m 0.00% Reduced -325.5k -325,531
25 TWO SIGMA ADVISERS, LP 0.06% of their portfolio NEW YORK, NY 1,173,2001.2m $24.3m $24.3m 0.06% Added +128.7k +128,700
26 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 1,126,2111.1m $23.3m $23.3m 0.03% Added +1.0m +1,000,031
27 Russell Investments Group, Ltd. 0.04% of their portfolio Seattle, WA 1,011,4911.0m $20.9m $20.9m 0.04% Reduced -165.1k -165,097
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 920,197920.2k $19.1m $19.1m 0.00% Reduced -39.3k -39,345
29 California Public Employees Retirement System 0.02% of their portfolio Sacramento, CA 859,129859.1k $17.8m $17.8m 0.02% Added +84.5k +84,532
30 JACOBS LEVY EQUITY MANAGEMENT, INC 0.11% of their portfolio FLORHAM PARK, NJ 845,803845.8k $17.5m $17.5m 0.11% Added +102.5k +102,523
31 HEARTLAND ADVISORS INC 1.03% of their portfolio MILWAUKEE, WI 803,381803.4k $16.6m $16.6m 1.03% Added +607.0k +606,998
32 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 721,369721.4k $14.7m $14.7m 0.00% Added +75.5k +75,507
33 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 690,283690.3k $14.3m $14.3m 0.01% Added +214.0k +213,959
34 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 678,672678.7k $14.1m $14.1m 0.02% Reduced -458.1k -458,136
35 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 609,091609.1k $12.6m $12.6m 0.00% Reduced -15.2k -15,209
36 Aberdeen Group plc 0.03% of their portfolio EDINBURGH, X0 592,730592.7k $12.3m $12.3m 0.03% Added +544.4k +544,392
37 Qube Research & Technologies Ltd 0.07% of their portfolio LONDON, X0 572,549572.5k $11.9m $11.9m 0.07% Added +423.1k +423,053
38 Brandywine Global Investment Management, LLC 0.05% of their portfolio PHILADELPHIA, PA 569,252569.3k $11.8m $11.8m 0.05% Added +294.2k +294,227
39 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio JUPITER, FL 562,172562.2k $11.6m $11.6m 0.06% Added +189.6k +189,593
40 Wallace Capital Management Inc. 1.83% of their portfolio DALLAS, TX 538,275538.3k $11.1m $11.1m 1.83% Added +13.9k +13,885
41 Invenomic Capital Management LP 0.58% of their portfolio BOSTON, MA 494,679494.7k $10.2m $10.2m 0.58% New
42 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 445,003445.0k $9.2m $9.2m 0.02% Added +35.2k +35,215
43 Ranger Global Real Estate Advisors, LLC 1.20% of their portfolio DENVER, CO 440,546440.5k $9.1m $9.1m 1.20% New
44 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 436,010436.0k $9.0m $9.0m 0.03% Reduced -246.7k -246,693
45 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 433,892433.9k $9.0m $9.0m 0.02% Added +314.6k +314,576
46 NKCFO LLC 4.30% of their portfolio GENEVA, IL 431,000431.0k $8.9m $8.9m 4.30% Unchanged
47 ExodusPoint Capital Management, LP 0.10% of their portfolio NEW YORK, NY 405,713405.7k $8.4m $8.4m 0.10% New
48 ArrowMark Colorado Holdings LLC 0.09% of their portfolio Denver, CO 402,633402.6k $8.3m $8.3m 0.09% Added +108.3k +108,301
49 Relative Value Partners Group, LLC 0.28% of their portfolio NORTHBROOK, IL 402,196402.2k $8.3m $8.3m 0.28% Added +212.5k +212,475
50 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 376,059376.1k $7.8m $7.8m 0.01% Reduced -138.6k -138,559
51 Asset Management One Co., Ltd. 0.03% of their portfolio TOKYO, M0 368,575368.6k $7.6m $7.6m 0.03% Added +25.6k +25,559
52 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 336,396336.4k $7.0m $7.0m 0.01% Added +113.1k +113,053
53 Cubist Systematic Strategies, LLC 0.06% of their portfolio STAMFORD, CT 296,068296.1k $6.1m $6.1m 0.06% Added +159.6k +159,552
54 GW&K Investment Management, LLC 0.06% of their portfolio BOSTON, MA 292,444292.4k $6.1m $6.1m 0.06% Added +38.3k +38,270
55 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 286,511286.5k $5.9m $5.9m 0.00% Added +174.4k +174,390
56 Balyasny Asset Management L.P. 0.02% of their portfolio Chicago, IL 280,200280.2k $5.8m $5.8m 0.02% Reduced -9.3k -9,266
57 TUDOR INVESTMENT CORP ET AL 0.11% of their portfolio STAMFORD, CT 273,274273.3k $5.7m $5.7m 0.11% Added +141.2k +141,159
58 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 255,450255.4k $5.3m $5.3m 0.01% Added +88.9k +88,902
59 Manning & Napier Group, LLC 0.06% of their portfolio Fairport, NY 253,144253.1k $5.2m $5.2m 0.06% New
60 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 250,766250.8k $5.2m $5.2m 0.00% Added +72.7k +72,658
61 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 243,760243.8k $5.0m $5.0m 0.01% Added +18.4k +18,422
62 Swiss National Bank 0.00% of their portfolio ZURICH, V8 236,200236.2k $4.9m $4.9m 0.00% Reduced -32.4k -32,400
63 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio COLUMBUS, OH 233,014233.0k $4.8m $4.8m 0.02% Added +22.8k +22,846
64 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 228,486228.5k $4.7m $4.7m 0.00% Reduced -12.7k -12,659
65 BRANDES INVESTMENT PARTNERS, LP 0.10% of their portfolio LA JOLLA, CA 228,402228.4k $4.7m $4.7m 0.10% Added +135.9k +135,904
66 DEAN INVESTMENT ASSOCIATES, LLC 0.72% of their portfolio BEAVERCREEK, OH 218,412218.4k $4.5m $4.5m 0.72% Added +52.6k +52,636
67 LEE DANNER & BASS INC 0.39% of their portfolio NASHVILLE, TN 205,700205.7k $4.3m $4.3m 0.39% Reduced -2.3k -2,300
68 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 198,735198.7k $4.1m $4.1m 0.00% Reduced -303.5k -303,522
69 Boston Partners 0.01% of their portfolio BOSTON, MA 197,893197.9k $4.1m $4.1m 0.01% Added +43.9k +43,895
70 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.05% of their portfolio New York, NY 189,627189.6k $3.9m $3.9m 0.05% Reduced -5.9k -5,947
71 BOOTHBAY FUND MANAGEMENT, LLC 0.10% of their portfolio NEW YORK, NY 181,061181.1k $3.7m $3.7m 0.10% Added +34.3k +34,342
72 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 173,796173.8k $3.6m $3.6m 0.00% Reduced -5.7k -5,701
73 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 173,146173.1k $3.6m $3.6m 0.00% Added +7.0k +6,953
74 Legal & General Group Plc 0.00% of their portfolio London, X0 165,302165.3k $3.4m $3.4m 0.00% Reduced -438.1k -438,137
75 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.09% of their portfolio HOUSTON, TX 162,600162.6k $3.4m $3.4m 0.09% Reduced -3.3k -3,300
76 AGF MANAGEMENT LTD 0.02% of their portfolio TORONTO, A6 162,324162.3k $3.4m $3.4m 0.02% Added +34.1k +34,129
77 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 161,656161.7k $3.3m $3.3m 0.00% Added +62.5k +62,541
78 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 161,019161.0k $3.3m $3.3m 0.00% Reduced -67.0k -66,978
79 MARTINGALE ASSET MANAGEMENT L P 0.06% of their portfolio BOSTON, MA 160,329160.3k $3.3m $3.3m 0.06% Added +29.4k +29,412
80 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 144,078144.1k $3.0m $3.0m 0.00% Reduced -26.4k -26,378
81 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 135,130135.1k $2.8m $2.8m 0.00% Reduced -3.5k -3,506
82 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 133,443133.4k $2.7m $2.7m 0.01% Added +56.3k +56,293
83 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 124,369124.4k $2.6m $2.6m 0.01% Added +37.8k +37,795
84 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 123,162123.2k $2.6m $2.6m 0.00% Reduced -95 -95
85 ALGERT GLOBAL LLC 0.12% of their portfolio SAN FRANCISCO, CA 122,049122.0k $2.5m $2.5m 0.12% Added +40.7k +40,662
86 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 117,659117.7k $2.4m $2.4m 0.01% Added +5.7k +5,739
87 Centiva Capital, LP 0.13% of their portfolio New York, NY 114,915114.9k $2.4m $2.4m 0.13% New
88 NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio TOKYO, M0 114,600114.6k $2.4m $2.4m 0.01% Added +3.1k +3,070
89 HBK INVESTMENTS L P 0.09% of their portfolio DALLAS, TX 113,754113.8k $2.4m $2.4m 0.09% New
90 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 113,635113.6k $2.4m $2.4m 0.01% Added +8.4k +8,446
91 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 112,507112.5k $2.3m $2.3m 0.00% Reduced -267.8k -267,820
92 KEATING INVESTMENT COUNSELORS INC 0.85% of their portfolio DELRAY BEACH, FL 108,178108.2k $2.2m $2.2m 0.85% Added +23.5k +23,510
93 UBS Group AG 0.00% of their portfolio ZURICH, V8 106,666106.7k $2.2m $2.2m 0.00% Reduced -16.7k -16,739
94 TANG CAPITAL MANAGEMENT LLC 0.31% of their portfolio SAN DIEGO, CA 100,000100.0k $2.1m $2.1m 0.31% New
95 Watershed Asset Management, L.L.C. 2.51% of their portfolio San Francisco, CA 100,000100.0k $2.1m $2.1m 2.51% New
96 Bragg Financial Advisors, Inc 0.12% of their portfolio CHARLOTTE, NC 96,10896.1k $2.0m $2.0m 0.12% Reduced -3.2k -3,234
97 Hunter Perkins Capital Management, LLC 0.47% of their portfolio LOMBARD, IL 96,04496.0k $2.0m $2.0m 0.47% Added +50.5k +50,544
98 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 95,84795.8k $2.0m $2.0m 0.00% Added +36.1k +36,139
99 FIRST FOUNDATION ADVISORS 0.09% of their portfolio Irvine, CA 94,76094.8k $2.0m $2.0m 0.09% New
100 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 93,38693.4k $1.9m $1.9m 0.00% Added +58.9k +58,927