Vault-13

EQUITY COMWLTH EQC

COM SH BEN INT · REIT · CUSIP 294628102

256 institutional holders +3 vs Q1 2023
105,614,272105.6m shares reported held*
$2.1bnreported value*
27 new 95 added 95 reduced 23 sold out net sold ≈ $93.0m (-4.6m 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 ($7.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $20.26. Options: 3 managers hold calls ($506.5k notional), 3 hold puts ($277.6k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 242Q4 22: 259Q1 23: 253Q2 23: 256256Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022242
Q4 2022259
Q1 2023253
Q2 2023256

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 23Q2 23: 122 bought or addedQ2 23: 118 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022138102
Q1 2023146110
Q2 2023122118

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 4.25Q2 23 calls: $506.5kQ2 23 puts: $277.6kQ2 23P/C 0.55
Numbers
QuarterCallsPutsP/C
Q3 2022$0$1.2m—
Q4 2022$27.5k$1.3m46.70
Q1 2023$629.5k$2.7m4.25
Q2 2023$506.5k$277.6k0.55

Biggest buyers

BROWN ADVISORY INC New +1,295,129+1.3m
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. New +1,202,985+1.2m
CHAI TRUST CO LLC Added +781,823+781.8k
ROYCE & ASSOCIATES LP New +620,020+620.0k
LOOMIS SAYLES & CO L P New +559,063+559.1k
Bank of New York Mellon Corp Added +476,491+476.5k
Thrivent Financial for Lutherans Added +387,911+387.9k
Russell Investments Group, Ltd. Added +268,615+268.6k
ARIEL INVESTMENTS, LLC Added +259,555+259.6k
NATIXIS ADVISORS, LLC New +201,057+201.1k

Biggest sellers

FMR LLC Reduced -3,711,210-3.7m
Resolution Capital Ltd Reduced -1,760,777-1.8m
CITADEL ADVISORS LLC Reduced -709,470-709.5k
RENAISSANCE TECHNOLOGIES LLC Reduced -553,600-553.6k
VANGUARD GROUP INC Reduced -473,105-473.1k
JANE STREET GROUP, LLC Reduced -382,536-382.5k
Aberdeen Group plc Reduced -343,846-343.8k
TWO SIGMA ADVISERS, LP Reduced -331,400-331.4k
STATE STREET CORP Reduced -278,288-278.3k
GOLDMAN SACHS GROUP INC Reduced -269,208-269.2k

Biggest calls

CITADEL ADVISORS LLC Added $443.7k21.9k shares
GROUP ONE TRADING LLC New $62.8k3.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $216.8k10.7k shares
GROUP ONE TRADING LLC Reduced $60.8k3.0k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 16,620,58616.6m $336.7m $336.7m 0.01% Reduced -473.1k -473,105
2 BlackRock Inc. 0.00% of their portfolio New York, NY 8,353,1918.4m $169.2m $169.2m 0.00% Reduced -101.9k -101,916
3 ARIEL INVESTMENTS, LLC 1.34% of their portfolio CHICAGO, IL 6,965,2937.0m $141.1m $141.1m 1.34% Added +259.6k +259,555
4 SEGALL BRYANT & HAMILL, LLC 0.99% of their portfolio CHICAGO, IL 4,662,8954.7m $94.5m $94.5m 0.99% Added +70.3k +70,266
5 CHAI TRUST CO LLC 4.61% of their portfolio CHICAGO, IL 3,366,1233.4m $68.2m $68.2m 4.61% Added +781.8k +781,823
6 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,356,3913.4m $68.0m $68.0m 0.00% Reduced -278.3k -278,288
7 NUANCE INVESTMENTS, LLC 1.44% of their portfolio Kansas City, MO 3,316,1303.3m $67.2m $67.2m 1.44% Reduced -22.0k -22,022
8 FMR LLC 0.01% of their portfolio BOSTON, MA 3,243,2023.2m $65.7m $65.7m 0.01% Reduced -3.7m -3,711,210
9 Burgundy Asset Management Ltd. 0.65% of their portfolio Toronto, A6 2,733,2802.7m $55.4m $55.4m 0.65% Added +60.1k +60,091
10 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 2,301,8862.3m $46.6m $46.6m 0.01% Added +45.2k +45,181
11 Robeco Institutional Asset Management B.V. 0.10% of their portfolio ROTTERDAM, P7 1,908,3821.9m $38.7m $38.7m 0.10% Added +40.2k +40,199
12 CARDINAL CAPITAL MANAGEMENT LLC /CT 1.45% of their portfolio GREENWICH, CT 1,886,5721.9m $38.2m $38.2m 1.45% Reduced -102.4k -102,367
13 CRAMER ROSENTHAL MCGLYNN LLC 1.91% of their portfolio STAMFORD, CT 1,883,6281.9m $38.2m $38.2m 1.91% Reduced -193.4k -193,429
14 RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio NEW YORK, NY 1,696,6851.7m $34.4m $34.4m 0.05% Reduced -553.6k -553,600
15 THOMPSON SIEGEL & WALMSLEY LLC 0.53% of their portfolio RICHMOND, VA 1,648,5741.6m $33.4m $33.4m 0.53% Added +81.4k +81,396
16 NORGES BANK 0.01% of their portfolio OSLO, Q8 1,577,9601.6m $32.0m $32.0m 0.01% Reduced -205.9k -205,929
17 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 1,541,0481.5m $31.2m $31.2m 0.03% Reduced -59.0k -58,996
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,527,5671.5m $30.9m $30.9m 0.01% Reduced -4.3k -4,325
19 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 1,527,3891.5m $30.9m $30.9m 0.01% Added +15.8k +15,844
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,406,9881.4m $28.5m $28.5m 0.00% Reduced -94.4k -94,431
21 St. James Investment Company, LLC 3.95% of their portfolio SOUTHLAKE, TX 1,341,7691.3m $27.2m $27.2m 3.95% Reduced -20.8k -20,848
22 BROWN ADVISORY INC 0.04% of their portfolio BALTIMORE, MD 1,295,1291.3m $26.2m $26.2m 0.04% New
23 Russell Investments Group, Ltd. 0.05% of their portfolio Seattle, WA 1,280,1061.3m $25.9m $25.9m 0.05% Added +268.6k +268,615
24 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,276,8861.3m $25.9m $25.9m 0.00% Added +59.7k +59,737
25 VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.27% of their portfolio HOUSTON, TX 1,202,9851.2m $24.4m $24.4m 0.27% New
26 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,123,7351.1m $22.8m $22.8m 0.01% Reduced -269.2k -269,208
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,119,9311.1m $22.7m $22.7m 0.00% Added +199.7k +199,734
28 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,085,5821.1m $22.0m $22.0m 0.00% Added +476.5k +476,491
29 California Public Employees Retirement System 0.02% of their portfolio Sacramento, CA 883,793883.8k $17.9m $17.9m 0.02% Added +24.7k +24,664
30 JACOBS LEVY EQUITY MANAGEMENT, INC 0.10% of their portfolio FLORHAM PARK, NJ 857,893857.9k $17.4m $17.4m 0.10% Added +12.1k +12,090
31 HEARTLAND ADVISORS INC 0.99% of their portfolio MILWAUKEE, WI 853,959854.0k $17.3m $17.3m 0.99% Added +50.6k +50,578
32 TWO SIGMA ADVISERS, LP 0.04% of their portfolio NEW YORK, NY 841,800841.8k $17.1m $17.1m 0.04% Reduced -331.4k -331,400
33 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 750,889750.9k $15.2m $15.2m 0.02% Added +72.2k +72,217
34 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 689,552689.6k $14.0m $14.0m 0.00% Reduced -31.8k -31,817
35 ROYCE & ASSOCIATES LP 0.12% of their portfolio New York, NY 620,020620.0k $12.6m $12.6m 0.12% New
36 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 591,883591.9k $12.0m $12.0m 0.00% Reduced -98.4k -98,400
37 LOOMIS SAYLES & CO L P 0.02% of their portfolio BOSTON, MA 559,063559.1k $11.3m $11.3m 0.02% New
38 Wallace Capital Management Inc. 1.74% of their portfolio DALLAS, TX 557,375557.4k $11.3m $11.3m 1.74% Added +19.1k +19,100
39 Ranger Global Real Estate Advisors, LLC 1.64% of their portfolio DENVER, CO 493,518493.5k $10.0m $10.0m 1.64% Added +53.0k +52,972
40 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 463,038463.0k $9.4m $9.4m 0.03% Added +27.0k +27,028
41 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio JUPITER, FL 453,690453.7k $9.2m $9.2m 0.04% Reduced -108.5k -108,482
42 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 448,413448.4k $9.1m $9.1m 0.02% Added +387.9k +387,911
43 NKCFO LLC 4.02% of their portfolio GENEVA, IL 431,000431.0k $8.7m $8.7m 4.02% Unchanged
44 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 416,741416.7k $8.4m $8.4m 0.01% Reduced -709.5k -709,470
45 ArrowMark Colorado Holdings LLC 0.09% of their portfolio Denver, CO 402,747402.7k $8.2m $8.2m 0.09% Added +114 +114
46 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 370,407370.4k $7.9m $7.9m 0.00% Added +83.9k +83,896
47 Asset Management One Co., Ltd. 0.03% of their portfolio TOKYO, M0 367,287367.3k $7.4m $7.4m 0.03% Reduced -1.3k -1,288
48 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 332,947332.9k $6.7m $6.7m 0.03% Reduced -239.6k -239,602
49 BRANDES INVESTMENT PARTNERS, LP 0.13% of their portfolio LA JOLLA, CA 319,428319.4k $6.5m $6.5m 0.13% Added +91.0k +91,026
50 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 317,134317.1k $6.4m $6.4m 0.00% Added +143.3k +143,338
51 Invenomic Capital Management LP 0.35% of their portfolio BOSTON, MA 306,551306.6k $6.2m $6.2m 0.35% Reduced -188.1k -188,128
52 GW&K Investment Management, LLC 0.06% of their portfolio BOSTON, MA 303,169303.2k $6.1m $6.1m 0.06% Added +10.7k +10,725
53 Brandywine Global Investment Management, LLC 0.05% of their portfolio PHILADELPHIA, PA 302,323302.3k $6.1m $6.1m 0.05% Reduced -266.9k -266,929
54 Manning & Napier Group, LLC 0.07% of their portfolio Fairport, NY 297,423297.4k $6.0m $6.0m 0.07% Added +44.3k +44,279
55 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 285,563285.6k $5.8m $5.8m 0.00% Reduced -90.5k -90,496
56 Boston Partners 0.01% of their portfolio BOSTON, MA 281,888281.9k $5.7m $5.7m 0.01% Added +84.0k +83,995
57 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 267,171267.2k $5.4m $5.4m 0.00% Added +16.4k +16,405
58 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 265,811265.8k $5.4m $5.4m 0.00% Added +104.2k +104,155
59 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 255,167255.2k $5.2m $5.2m 0.01% Added +11.4k +11,407
60 Aberdeen Group plc 0.01% of their portfolio EDINBURGH, X0 248,884248.9k $5.0m $5.0m 0.01% Reduced -343.8k -343,846
61 Swiss National Bank 0.00% of their portfolio ZURICH, V8 242,200242.2k $4.9m $4.9m 0.00% Added +6.0k +6,000
62 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio COLUMBUS, OH 232,077232.1k $4.7m $4.7m 0.02% Reduced -937 -937
63 DEAN INVESTMENT ASSOCIATES, LLC 0.72% of their portfolio BEAVERCREEK, OH 217,246217.2k $4.4m $4.4m 0.72% Reduced -1.2k -1,166
64 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 213,654213.7k $4.3m $4.3m 0.00% Reduced -14.8k -14,832
65 LEE DANNER & BASS INC 0.36% of their portfolio NASHVILLE, TN 205,700205.7k $4.2m $4.2m 0.36% Unchanged
66 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 201,057201.1k $4.1m $4.1m 0.01% New
67 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% Unchanged
68 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 198,652198.7k $4.0m $4.0m 0.01% Reduced -81.5k -81,548
69 Edgestream Partners, L.P. 0.36% of their portfolio Princeton, NJ 195,873195.9k $4.0m $4.0m 0.36% New
70 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.04% of their portfolio New York, NY 194,008194.0k $3.9m $3.9m 0.04% Added +4.4k +4,381
71 Hunter Perkins Capital Management, LLC 0.47% of their portfolio LOMBARD, IL 193,243193.2k $4.0m $4.0m 0.47% Added +97.2k +97,199
72 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 191,805191.8k $3.9m $3.9m 0.00% Added +18.7k +18,659
73 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 182,118182.1k $3.7m $3.7m 0.00% Added +21.1k +21,099
74 BOOTHBAY FUND MANAGEMENT, LLC 0.11% of their portfolio NEW YORK, NY 181,696181.7k $3.7m $3.7m 0.11% Added +635 +635
75 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 178,932178.9k $3.6m $3.6m 0.01% Reduced -266.1k -266,071
76 Relative Value Partners Group, LLC 0.23% of their portfolio NORTHBROOK, IL 176,319176.3k $3.6m $3.6m 0.23% Reduced -225.9k -225,877
77 Legal & General Group Plc 0.00% of their portfolio London, X0 171,584171.6k $3.5m $3.5m 0.00% Added +6.3k +6,282
78 TUDOR INVESTMENT CORP ET AL 0.06% of their portfolio STAMFORD, CT 167,984168.0k $3.4m $3.4m 0.06% Reduced -105.3k -105,290
79 AGF MANAGEMENT LTD 0.02% of their portfolio TORONTO, A6 167,391167.4k $3.4m $3.4m 0.02% Added +5.1k +5,067
80 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.08% of their portfolio HOUSTON, TX 162,600162.6k $3.3m $3.3m 0.08% Unchanged
81 ExodusPoint Capital Management, LP 0.04% of their portfolio NEW YORK, NY 157,649157.6k $3.2m $3.2m 0.04% Reduced -248.1k -248,064
82 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 144,091144.1k $2.9m $2.9m 0.00% Added +13 +13
83 Cubist Systematic Strategies, LLC 0.03% of their portfolio STAMFORD, CT 144,044144.0k $2.9m $2.9m 0.03% Reduced -152.0k -152,024
84 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 137,141137.1k $2.8m $2.8m 0.00% Reduced -199.3k -199,255
85 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 132,820132.8k $2.7m $2.7m 0.00% Reduced -2.3k -2,310
86 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 125,909125.9k $2.6m $2.6m 0.00% Added +2.7k +2,747
87 MARTINGALE ASSET MANAGEMENT L P 0.05% of their portfolio BOSTON, MA 125,598125.6k $2.5m $2.5m 0.05% Reduced -34.7k -34,731
88 NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio TOKYO, M0 118,000118.0k $2.4m $2.4m 0.01% Added +3.4k +3,400
89 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 117,155117.2k $2.4m $2.4m 0.01% Reduced -7.2k -7,214
90 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 116,910116.9k $2.4m $2.4m 0.01% Added +3.3k +3,275
91 KEATING INVESTMENT COUNSELORS INC 0.85% of their portfolio DELRAY BEACH, FL 115,869115.9k $2.3m $2.3m 0.85% Added +7.7k +7,691
92 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 109,464109.5k $2.2m $2.2m 0.00% Reduced -8.2k -8,195
93 TANG CAPITAL MANAGEMENT LLC 0.30% of their portfolio SAN DIEGO, CA 100,000100.0k $2.0m $2.0m 0.30% Unchanged
94 Watershed Asset Management, L.L.C. 2.51% of their portfolio San Francisco, CA 100,000100.0k $2.0m $2.0m 2.51% Unchanged
95 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 99,83199.8k $2.0m $2.0m 0.00% New
96 Hi-Line Capital Management, LLC 0.74% of their portfolio WATERTOWN, SD 98,37198.4k $2.0m $2.0m 0.74% New
97 Bragg Financial Advisors, Inc 0.11% of their portfolio CHARLOTTE, NC 95,94995.9k $1.9m $1.9m 0.11% Reduced -159 -159
98 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 95,91495.9k $1.9m $1.9m 0.00% Added +2.5k +2,528
99 UBS Group AG 0.00% of their portfolio ZURICH, V8 93,12193.1k $1.9m $1.9m 0.00% Reduced -13.5k -13,545
100 HRT FINANCIAL LP 0.02% of their portfolio NEW YORK, NY 89,19989.2k $1.8m $1.8m 0.02% Added +21.7k +21,692