Vault-13

EQUITY COMWLTH EQC

COM SH BEN INT · REIT · CUSIP 294628102

264 institutional holders -6 vs Q4 2023
103,772,229103.8m shares reported held*
$2.0bnreported value*
32 new 98 added 101 reduced 34 sold out net bought ≈ $20.1m (+1.1m 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 ($5.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.90. Options: 3 managers hold calls ($173.7k notional), 6 hold puts ($2.8m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 242Q4 22: 259Q1 23: 253Q2 23: 256Q3 23: 259Q4 23: 270Q1 24: 264264Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022242
Q4 2022259
Q1 2023253
Q2 2023256
Q3 2023259
Q4 2023270
Q1 2024264

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 23Q3 23: 135 bought or addedQ3 23: 107 cut or sold outQ3 23Q4 23: 124 bought or addedQ4 23: 128 cut or sold outQ4 23Q1 24: 130 bought or addedQ1 24: 135 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022138102
Q1 2023146110
Q2 2023122118
Q3 2023135107
Q4 2023124128
Q1 2024130135

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ2 23 calls: $506.5kQ2 23 puts: $277.6kQ2 23P/C 0.55Q3 23 calls: $789.4kQ3 23 puts: $635.6kQ3 23P/C 0.81Q4 23 calls: $321.8kQ4 23 puts: $577.4kQ4 23P/C 1.79Q1 24 calls: $173.7kQ1 24 puts: $2.8mQ1 24P/C 15.99
Numbers
QuarterCallsPutsP/C
Q2 2023$506.5k$277.6k0.55
Q3 2023$789.4k$635.6k0.81
Q4 2023$321.8k$577.4k1.79
Q1 2024$173.7k$2.8m15.99

Biggest buyers

Land & Buildings Investment Management, LLC New +3,177,266+3.2m
MORGAN STANLEY Added +1,016,329+1.0m
BROWN ADVISORY INC Added +896,539+896.5k
BlackRock Inc. Added +871,426+871.4k
Burgundy Asset Management Ltd. Added +789,496+789.5k
WHITEBOX ADVISORS LLC New +667,207+667.2k
Boston Partners Added +543,344+543.3k
JUPITER ASSET MANAGEMENT LTD Added +531,224+531.2k
KEATING INVESTMENT COUNSELORS INC Added +363,700+363.7k
One Fin Capital Management LP New +300,000+300.0k

Biggest sellers

NUANCE INVESTMENTS, LLC Reduced -2,119,145-2.1m
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Sold out -1,616,720-1.6m
ARIEL INVESTMENTS, LLC Sold out -1,191,361-1.2m
GOLDMAN SACHS GROUP INC Reduced -904,135-904.1k
California Public Employees Retirement System Sold out -884,357-884.4k
JPMORGAN CHASE & CO Reduced -583,592-583.6k
MILLENNIUM MANAGEMENT LLC Reduced -435,916-435.9k
DEAN INVESTMENT ASSOCIATES, LLC Sold out -290,211-290.2k
CARDINAL CAPITAL MANAGEMENT LLC /CT Reduced -267,202-267.2k
NATIXIS ADVISORS, LLC Sold out -263,373-263.4k

Biggest calls

CITADEL ADVISORS LLC Reduced $141.6k7.5k shares
GROUP ONE TRADING LLC Added $32.1k1.7k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SIMPLEX TRADING, LLC Added $785.0k41.6k shares
CITADEL ADVISORS LLC Added $776.0k41.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $541.9k28.7k shares
JANE STREET GROUP, LLC New $345.5k18.3k shares
GROUP ONE TRADING LLC Reduced $328.5k17.4k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 16,255,06116.3m $306.9m $306.9m 0.01% Added +60.4k +60,382
2 BlackRock Inc. 0.01% of their portfolio New York, NY 11,583,70611.6m $218.7m $218.7m 0.01% Added +871.4k +871,426
3 SEGALL BRYANT & HAMILL, LLC 1.75% of their portfolio CHICAGO, IL 4,937,9354.9m $93.2m $93.2m 1.75% Reduced -136.8k -136,778
4 Burgundy Asset Management Ltd. 0.71% of their portfolio Toronto, A6 3,658,9283.7m $69.1m $69.1m 0.71% Added +789.5k +789,496
5 CHAI TRUST CO LLC 7.26% of their portfolio CHICAGO, IL 3,544,8083.5m $66.9m $66.9m 7.26% Unchanged
6 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,268,0373.3m $61.7m $61.7m 0.00% Reduced -191.4k -191,424
7 Land & Buildings Investment Management, LLC 13.14% of their portfolio STAMFORD, CT 3,177,2663.2m $60.0m $60.0m 13.14% New
8 NUANCE INVESTMENTS, LLC 1.52% of their portfolio Kansas City, MO 3,068,4393.1m $57.9m $57.9m 1.52% Reduced -2.1m -2,119,145
9 BROWN ADVISORY INC 0.07% of their portfolio BALTIMORE, MD 2,782,0512.8m $52.5m $52.5m 0.07% Added +896.5k +896,539
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,528,2172.5m $47.7m $47.7m 0.00% Added +1.0m +1,016,329
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 2,506,1502.5m $47.3m $47.3m 0.00% Added +80.9k +80,885
12 Robeco Institutional Asset Management B.V. 0.08% of their portfolio ROTTERDAM, P7 1,977,6792.0m $37.3m $37.3m 0.08% Added +89.5k +89,524
13 THOMPSON SIEGEL & WALMSLEY LLC 0.54% of their portfolio RICHMOND, VA 1,873,3481.9m $35.4m $35.4m 0.54% Added +124.8k +124,771
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,791,5541.8m $33.8m $33.8m 0.00% Reduced -583.6k -583,592
15 CARDINAL CAPITAL MANAGEMENT LLC /CT 1.65% of their portfolio GREENWICH, CT 1,742,3721.7m $32.9m $32.9m 1.65% Reduced -267.2k -267,202
16 JACOBS LEVY EQUITY MANAGEMENT, INC 0.15% of their portfolio FLORHAM PARK, NJ 1,718,9401.7m $32.5m $32.5m 0.15% Added +7.8k +7,837
17 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 1,508,8811.5m $28.5m $28.5m 0.01% Added +41.6k +41,573
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,400,9971.4m $26.5m $26.5m 0.01% Reduced -146.3k -146,258
19 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,377,2001.4m $26.0m $26.0m 0.00% Reduced -77.5k -77,520
20 RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio NEW YORK, NY 1,327,3531.3m $25.1m $25.1m 0.04% Reduced -37.7k -37,732
21 Russell Investments Group, Ltd. 0.04% of their portfolio Seattle, WA 1,284,9151.3m $24.3m $24.3m 0.04% Added +173.4k +173,413
22 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 1,115,4741.1m $21.1m $21.1m 0.03% Added +179.5k +179,536
23 St. James Investment Company, LLC 3.35% of their portfolio SOUTHLAKE, TX 1,088,7981.1m $20.6m $20.6m 3.35% Reduced -35.3k -35,300
24 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 923,252923.3k $17.4m $17.4m 0.00% Reduced -134.3k -134,264
25 Maren Capital LLC 1.48% of their portfolio CHICAGO, IL 815,417815.4k $15.4m $15.4m 1.48% Added +101.0k +100,956
26 JUPITER ASSET MANAGEMENT LTD 0.14% of their portfolio London, X0 786,433786.4k $14.8m $14.8m 0.14% Added +531.2k +531,224
27 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 751,556751.6k $14.2m $14.2m 0.00% Reduced -2.0k -2,000
28 Balyasny Asset Management L.P. 0.04% of their portfolio Chicago, IL 738,781738.8k $13.9m $13.9m 0.04% Added +70.4k +70,449
29 Boston Partners 0.02% of their portfolio BOSTON, MA 725,020725.0k $13.7m $13.7m 0.02% Added +543.3k +543,344
30 TWO SIGMA ADVISERS, LP 0.03% of their portfolio NEW YORK, NY 701,500701.5k $13.2m $13.2m 0.03% Reduced -41.1k -41,100
31 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 695,698695.7k $13.1m $13.1m 0.01% Reduced -7.8k -7,837
32 WHITEBOX ADVISORS LLC 0.48% of their portfolio MINNEAPOLIS, MN 667,207667.2k $12.6m $12.6m 0.48% New
33 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 637,949637.9k $12.0m $12.0m 0.02% Reduced -16.8k -16,777
34 DigitalBridge Group, Inc. 1.08% of their portfolio Boca Raton, FL 632,368632.4k $11.9m $11.9m 1.08% Added +272.3k +272,288
35 BRANDES INVESTMENT PARTNERS, LP 0.15% of their portfolio LA JOLLA, CA 614,202614.2k $11.6m $11.6m 0.15% Added +92.8k +92,803
36 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 550,553550.6k $10.4m $10.4m 0.01% Reduced -269 -269
37 Wallace Capital Management Inc. 1.41% of their portfolio DALLAS, TX 546,310546.3k $10.3m $10.3m 1.41% Reduced -16.7k -16,680
38 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 543,382543.4k $10.3m $10.3m 0.02% Reduced -88.3k -88,322
39 ROYCE & ASSOCIATES LP 0.09% of their portfolio New York, NY 535,447535.4k $10.1m $10.1m 0.09% Reduced -2.2k -2,195
40 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio JUPITER, FL 526,154526.2k $9.9m $9.9m 0.04% Added +33.3k +33,297
41 KEATING INVESTMENT COUNSELORS INC 2.97% of their portfolio DELRAY BEACH, FL 488,482488.5k $9.2m $9.2m 2.97% Added +363.7k +363,700
42 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 483,894483.9k $9.1m $9.1m 0.00% Added +139.8k +139,813
43 PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.48% of their portfolio EDINA, MN 444,785444.8k $8.4m $8.4m 0.48% Added +282.9k +282,865
44 Western Standard LLC 7.88% of their portfolio Los Angeles, CA 442,841442.8k $8.4m $8.4m 7.88% Added +191.4k +191,359
45 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 405,493405.5k $7.7m $7.7m 0.02% Reduced -231.0k -230,959
46 Man Group plc 0.02% of their portfolio LONDON, X0 390,586390.6k $7.4m $7.4m 0.02% Added +32.2k +32,230
47 GW&K Investment Management, LLC 0.06% of their portfolio BOSTON, MA 347,704347.7k $6.6m $6.6m 0.06% Reduced -6.2k -6,200
48 Asset Management One Co., Ltd. 0.03% of their portfolio TOKYO, M0 343,662343.7k $6.5m $6.5m 0.03% Reduced -18.3k -18,305
49 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 340,531340.5k $6.4m $6.4m 0.00% Reduced -904.1k -904,135
50 HEARTLAND ADVISORS INC 0.32% of their portfolio MILWAUKEE, WI 323,774323.8k $6.1m $6.1m 0.32% Reduced -177.0k -176,999
51 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 318,211318.2k $6.0m $6.0m 0.00% Reduced -780 -780
52 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 315,305315.3k $6.0m $6.0m 0.00% Reduced -93.1k -93,124
53 One Fin Capital Management LP 1.93% of their portfolio San Francisco, CA 300,000300.0k $5.7m $5.7m 1.93% New
54 STANSBERRY ASSET MANAGEMENT, LLC 0.75% of their portfolio Westlake, TX 294,430294.4k $5.6m $5.6m 0.75% Added +31.7k +31,703
55 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 274,776274.8k $5.2m $5.2m 0.00% Added +69.6k +69,582
56 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 266,792266.8k $5.0m $5.0m 0.00% Reduced -17.7k -17,710
57 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 259,450259.4k $4.9m $4.9m 0.01% Reduced -7.9k -7,862
58 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio COLUMBUS, OH 254,804254.8k $4.8m $4.8m 0.02% Reduced -7.0k -7,031
59 BOOTHBAY FUND MANAGEMENT, LLC 0.13% of their portfolio NEW YORK, NY 240,195240.2k $4.5m $4.5m 0.13% Reduced -111.7k -111,712
60 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 233,436233.4k $4.4m $4.4m 0.00% Added +11.8k +11,848
61 Brevan Howard Capital Management LP 0.39% of their portfolio ST. HELIER, Y9 229,365229.4k $4.3m $4.3m 0.39% Added +209.6k +209,569
62 Empowered Funds, LLC 0.04% of their portfolio NEWTOWN SQUARE, PA 229,002229.0k $4.3m $4.3m 0.04% New
63 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 221,858221.9k $4.2m $4.2m 0.00% Reduced -7.4k -7,385
64 GRAHAM CAPITAL WEALTH MANAGEMENT, LLC 7.00% of their portfolio WASHINGTON, DC 217,499217.5k $4.1m $4.1m 7.00% Added +207.4k +207,362
65 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 214,026214.0k $4.0m $4.0m 0.00% Reduced -29.8k -29,774
66 Manning & Napier Group, LLC 0.05% of their portfolio Fairport, NY 211,664211.7k $4.0m $4.0m 0.05% Reduced -79.9k -79,886
67 Swiss National Bank 0.00% of their portfolio ZURICH, V8 210,600210.6k $4.0m $4.0m 0.00% Reduced -5.7k -5,700
68 Legal & General Group Plc 0.00% of their portfolio London, X0 203,234203.2k $3.8m $3.8m 0.00% Added +16.3k +16,335
69 HRT FINANCIAL LP 0.02% of their portfolio NEW YORK, NY 201,859201.9k $3.8m $3.8m 0.02% Reduced -20.4k -20,407
70 Relative Value Partners Group, LLC 0.23% of their portfolio NORTHBROOK, IL 195,320195.3k $3.7m $3.7m 0.23% Reduced -263 -263
71 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 194,552194.6k $3.7m $3.7m 0.01% Added +60.1k +60,113
72 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 189,461189.5k $3.6m $3.6m 0.00% Reduced -76.1k -76,115
73 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 186,447186.4k $3.5m $3.5m 0.00% Reduced -15.1k -15,058
74 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 183,256183.3k $3.5m $3.5m 0.00% Added +12.6k +12,615
75 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 174,796174.8k $3.3m $3.3m 0.00% Reduced -22.8k -22,778
76 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 172,146172.1k $3.3m $3.3m 0.00% Added +35.2k +35,188
77 MARTINGALE ASSET MANAGEMENT L P 0.06% of their portfolio BOSTON, MA 170,576170.6k $3.2m $3.2m 0.06% Added +4.9k +4,895
78 Brandywine Global Investment Management, LLC 0.02% of their portfolio PHILADELPHIA, PA 168,910168.9k $3.2m $3.2m 0.02% New
79 TANG CAPITAL MANAGEMENT LLC 0.32% of their portfolio SAN DIEGO, CA 165,261165.3k $3.1m $3.1m 0.32% Reduced -134.7k -134,739
80 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.06% of their portfolio HOUSTON, TX 162,600162.6k $3.1m $3.1m 0.06% Unchanged
81 ExodusPoint Capital Management, LP 0.04% of their portfolio NEW YORK, NY 162,357162.4k $3.1m $3.1m 0.04% Added +82.3k +82,328
82 UBS Group AG 0.00% of their portfolio ZURICH, V8 160,720160.7k $3.0m $3.0m 0.00% Added +4.8k +4,788
83 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 153,193153.2k $2.9m $2.9m 0.01% Reduced -25.8k -25,801
84 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 143,721143.7k $2.7m $2.7m 0.00% Reduced -27.9k -27,907
85 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 134,300134.3k $2.5m $2.5m 0.01% New
86 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 131,803131.8k $2.5m $2.5m 0.00% Reduced -22.3k -22,294
87 Holocene Advisors, LP 0.01% of their portfolio New York, NY 130,700130.7k $2.5m $2.5m 0.01% Added +81.1k +81,129
88 Cubist Systematic Strategies, LLC 0.03% of their portfolio STAMFORD, CT 126,269126.3k $2.4m $2.4m 0.03% Reduced -89.8k -89,844
89 NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio TOKYO, M0 124,800124.8k $2.4m $2.4m 0.01% Added +6.4k +6,400
90 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 122,011122.0k $2.3m $2.3m 0.00% Added +427 +427
91 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 119,378119.4k $2.3m $2.3m 0.00% Added +15.9k +15,859
92 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 118,988119.0k $2.2m $2.2m 0.00% Added +74.7k +74,700
93 MOODY NATIONAL BANK TRUST DIVISION 0.18% of their portfolio GALVESTON, TX 117,965118.0k $2.2m $2.2m 0.18% Reduced -96 -96
94 TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio AUSTIN, TX 116,783116.8k $2.2m $2.2m 0.01% Added +15.2k +15,217
95 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.02% of their portfolio New York, NY 116,141116.1k $2.2m $2.2m 0.02% Reduced -79.5k -79,473
96 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 115,038115.0k $2.2m $2.2m 0.00% Reduced -142.6k -142,604
97 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 112,459112.5k $2.1m $2.1m 0.00% Added +6.6k +6,629
98 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 111,511111.5k $2.1m $2.1m 0.00% Added +25.4k +25,429
99 TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio STAMFORD, CT 111,404111.4k $2.1m $2.1m 0.03% Reduced -140.2k -140,179
100 Alpine Global Management, LLC 0.23% of their portfolio NEW YORK, NY 110,000110.0k $2.1m $2.1m 0.23% New