Vault-13

EQUITY COMWLTH EQC

COM SH BEN INT · REIT · CUSIP 294628102

260 institutional holders -4 vs Q1 2024
101,578,684101.6m shares reported held*
$2.0bnreported value*
31 new 89 added 96 reduced 40 sold out net sold ≈ $53.2m (-2.7m 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 ($2.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.42. Options: 5 managers hold calls ($810.8k notional), 6 hold puts ($3.0m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 242Q4 22: 259Q1 23: 253Q2 23: 256Q3 23: 259Q4 23: 270Q1 24: 264Q2 24: 260260Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022242
Q4 2022259
Q1 2023253
Q2 2023256
Q3 2023259
Q4 2023270
Q1 2024264
Q2 2024260

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 outQ2 23: 122 bought or addedQ2 23: 118 cut or sold outQ2 23Q3 23: 135 bought or addedQ3 23: 107 cut or sold outQ4 23: 124 bought or addedQ4 23: 128 cut or sold outQ4 23Q1 24: 130 bought or addedQ1 24: 135 cut or sold outQ2 24: 120 bought or addedQ2 24: 136 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022138102
Q1 2023146110
Q2 2023122118
Q3 2023135107
Q4 2023124128
Q1 2024130135
Q2 2024120136

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ3 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 15.99Q2 24 calls: $810.8kQ2 24 puts: $3.0mQ2 24P/C 3.72
Numbers
QuarterCallsPutsP/C
Q3 2023$789.4k$635.6k0.81
Q4 2023$321.8k$577.4k1.79
Q1 2024$173.7k$2.8m15.99
Q2 2024$810.8k$3.0m3.72

Biggest buyers

Indaba Capital Management, L.P. New +2,700,000+2.7m
Alberta Investment Management Corp New +1,541,000+1.5m
One Fin Capital Management LP Added +900,000+900.0k
Nuveen Asset Management, LLC Added +813,696+813.7k
JPMORGAN CHASE & CO Added +502,472+502.5k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +400,000+400.0k
WHITEBOX ADVISORS LLC Added +391,793+391.8k
Irenic Capital Management LP New +325,673+325.7k
Boston Partners Added +308,043+308.0k
Western Standard LLC Added +294,870+294.9k

Biggest sellers

Land & Buildings Investment Management, LLC Reduced -2,032,277-2.0m
NUANCE INVESTMENTS, LLC Reduced -1,648,384-1.6m
CARDINAL CAPITAL MANAGEMENT LLC /CT Reduced -1,414,529-1.4m
MORGAN STANLEY Reduced -1,236,230-1.2m
SEGALL BRYANT & HAMILL, LLC Reduced -1,145,769-1.1m
Maren Capital LLC Sold out -815,417-815.4k
BlackRock Inc. Reduced -441,902-441.9k
Robeco Institutional Asset Management B.V. Reduced -373,417-373.4k
HEARTLAND ADVISORS INC Sold out -323,774-323.8k
JUPITER ASSET MANAGEMENT LTD Reduced -284,054-284.1k

Biggest calls

CITADEL ADVISORS LLC Added $432.6k22.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $322.0k16.6k shares
SIMPLEX TRADING, LLC New $29.0k1.5k shares
GROUP ONE TRADING LLC Reduced $27.2k1.4k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $1.2m62.1k shares
SIMPLEX TRADING, LLC Reduced $760.0k39.2k shares
JANE STREET GROUP, LLC Added $471.4k24.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $291.0k15.0k shares
GROUP ONE TRADING LLC Reduced $287.1k14.8k 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, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 16,143,70816.1m $313.2m $313.2m 0.01% Reduced -111.4k -111,353
2 BlackRock Inc. 0.00% of their portfolio New York, NY 11,141,80411.1m $216.2m $216.2m 0.00% Reduced -441.9k -441,902
3 SEGALL BRYANT & HAMILL, LLC 1.30% of their portfolio CHICAGO, IL 3,792,1663.8m $73.6m $73.6m 1.30% Reduced -1.1m -1,145,769
4 Burgundy Asset Management Ltd. 0.76% of their portfolio Toronto, A6 3,709,7923.7m $72.0m $72.0m 0.76% Added +50.9k +50,864
5 CHAI TRUST CO LLC 10.46% of their portfolio CHICAGO, IL 3,501,5153.5m $67.9m $67.9m 10.46% Reduced -43.3k -43,293
6 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,248,2823.2m $63.0m $63.0m 0.00% Reduced -19.8k -19,755
7 BROWN ADVISORY INC 0.07% of their portfolio BALTIMORE, MD 2,886,9122.9m $56.0m $56.0m 0.07% Added +104.9k +104,861
8 Indaba Capital Management, L.P. 33.82% of their portfolio SAN FRANCISCO, CA 2,700,0002.7m $52.4m $52.4m 33.82% New
9 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 2,673,1152.7m $51.9m $51.9m 0.00% Added +167.0k +166,965
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,294,0262.3m $44.5m $44.5m 0.00% Added +502.5k +502,472
11 JACOBS LEVY EQUITY MANAGEMENT, INC 0.15% of their portfolio FLORHAM PARK, NJ 1,903,9701.9m $36.9m $36.9m 0.15% Added +185.0k +185,030
12 THOMPSON SIEGEL & WALMSLEY LLC 0.55% of their portfolio RICHMOND, VA 1,777,2781.8m $34.5m $34.5m 0.55% Reduced -96.1k -96,070
13 Robeco Institutional Asset Management B.V. 0.07% of their portfolio ROTTERDAM, P7 1,604,2621.6m $31.1m $31.1m 0.07% Reduced -373.4k -373,417
14 Alberta Investment Management Corp 0.32% of their portfolio EDMONTON, A0 1,541,0001.5m $29.9m $29.9m 0.32% New
15 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 1,458,6311.5m $28.3m $28.3m 0.01% Reduced -50.2k -50,250
16 Russell Investments Group, Ltd. 0.05% of their portfolio Seattle, WA 1,450,6281.5m $28.1m $28.1m 0.05% Added +165.7k +165,713
17 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,427,2271.4m $27.7m $27.7m 0.01% Added +26.2k +26,230
18 NUANCE INVESTMENTS, LLC 0.84% of their portfolio Kansas City, MO 1,420,0551.4m $27.5m $27.5m 0.84% Reduced -1.6m -1,648,384
19 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,361,4141.4m $26.4m $26.4m 0.00% Reduced -15.8k -15,786
20 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 1,297,5901.3m $25.2m $25.2m 0.01% Added +813.7k +813,696
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,291,9871.3m $25.1m $25.1m 0.00% Reduced -1.2m -1,236,230
22 One Fin Capital Management LP 9.26% of their portfolio San Francisco, CA 1,200,0001.2m $23.3m $23.3m 9.26% Added +900.0k +900,000
23 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 1,161,7881.2m $22.5m $22.5m 0.03% Added +46.3k +46,314
24 Land & Buildings Investment Management, LLC 5.23% of their portfolio STAMFORD, CT 1,144,9891.1m $22.2m $22.2m 5.23% Reduced -2.0m -2,032,277
25 RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio NEW YORK, NY 1,126,8851.1m $21.9m $21.9m 0.04% Reduced -200.5k -200,468
26 WHITEBOX ADVISORS LLC 0.83% of their portfolio MINNEAPOLIS, MN 1,059,0001.1m $20.5m $20.5m 0.83% Added +391.8k +391,793
27 Boston Partners 0.02% of their portfolio BOSTON, MA 1,033,0631.0m $20.0m $20.0m 0.02% Added +308.0k +308,043
28 St. James Investment Company, LLC 3.50% of their portfolio SOUTHLAKE, TX 1,030,2981.0m $20.0m $20.0m 3.50% Reduced -58.5k -58,500
29 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 913,902913.9k $17.7m $17.7m 0.02% Added +218.2k +218,204
30 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 873,046873.0k $16.9m $16.9m 0.00% Reduced -50.2k -50,206
31 Western Standard LLC 14.82% of their portfolio Los Angeles, CA 737,711737.7k $14.3m $14.3m 14.82% Added +294.9k +294,870
32 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 694,033694.0k $13.5m $13.5m 0.02% Added +150.7k +150,651
33 BRANDES INVESTMENT PARTNERS, LP 0.16% of their portfolio LA JOLLA, CA 670,692670.7k $13.0m $13.0m 0.16% Added +56.5k +56,490
34 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio JUPITER, FL 667,177667.2k $12.9m $12.9m 0.05% Added +141.0k +141,023
35 Balyasny Asset Management L.P. 0.03% of their portfolio Chicago, IL 657,968658.0k $12.8m $12.8m 0.03% Reduced -80.8k -80,813
36 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 610,356610.4k $11.8m $11.8m 0.02% Reduced -27.6k -27,593
37 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 600,036600.0k $11.6m $11.6m 0.00% Reduced -151.5k -151,520
38 PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.65% of their portfolio EDINA, MN 569,647569.6k $11.1m $11.1m 0.65% Added +124.9k +124,862
39 Man Group plc 0.03% of their portfolio LONDON, X0 568,633568.6k $11.0m $11.0m 0.03% Added +178.0k +178,047
40 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 550,650550.6k $10.7m $10.7m 0.01% Added +97 +97
41 Wallace Capital Management Inc. 1.49% of their portfolio DALLAS, TX 530,250530.2k $10.3m $10.3m 1.49% Reduced -16.1k -16,060
42 JUPITER ASSET MANAGEMENT LTD 0.09% of their portfolio London, X0 502,379502.4k $9.7m $9.7m 0.09% Reduced -284.1k -284,054
43 ROYCE & ASSOCIATES LP 0.09% of their portfolio New York, NY 493,426493.4k $9.6m $9.6m 0.09% Reduced -42.0k -42,021
44 DigitalBridge Group, Inc. 0.79% of their portfolio Boca Raton, FL 457,745457.7k $8.9m $8.9m 0.79% Reduced -174.6k -174,623
45 KEATING INVESTMENT COUNSELORS INC 2.72% of their portfolio DELRAY BEACH, FL 436,712436.7k $8.5m $8.5m 2.72% Reduced -51.8k -51,770
46 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 435,800435.8k $8.5m $8.5m 0.02% Reduced -265.7k -265,700
47 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio TORONTO, A6 400,000400.0k $7.8m $7.8m 0.02% New
48 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 386,810386.8k $7.5m $7.5m 0.01% Added +197.3k +197,349
49 GW&K Investment Management, LLC 0.07% of their portfolio BOSTON, MA 374,199374.2k $7.3m $7.3m 0.07% Added +26.5k +26,495
50 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 364,918364.9k $7.1m $7.1m 0.00% Added +46.7k +46,707
51 Bragg Financial Advisors, Inc 0.30% of their portfolio CHARLOTTE, NC 341,204341.2k $6.6m $6.6m 0.30% Added +246.3k +246,281
52 LEE DANNER & BASS INC 0.50% of their portfolio NASHVILLE, TN 333,500333.5k $6.5m $6.5m 0.50% First filing
53 CARDINAL CAPITAL MANAGEMENT LLC /CT 1.74% of their portfolio GREENWICH, CT 327,843327.8k $6.4m $6.4m 1.74% Reduced -1.4m -1,414,529
54 Irenic Capital Management LP 1.53% of their portfolio NEW YORK, NY 325,673325.7k $6.3m $6.3m 1.53% New
55 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 313,621313.6k $6.1m $6.1m 0.00% Reduced -26.9k -26,910
56 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 295,904295.9k $5.7m $5.7m 0.00% Added +109.5k +109,457
57 Asset Management One Co., Ltd. 0.02% of their portfolio TOKYO, M0 295,591295.6k $5.7m $5.7m 0.02% Reduced -48.1k -48,071
58 STANSBERRY ASSET MANAGEMENT, LLC 0.73% of their portfolio Westlake, TX 284,969285.0k $5.5m $5.5m 0.73% Reduced -9.5k -9,461
59 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio COLUMBUS, OH 248,505248.5k $4.8m $4.8m 0.02% Reduced -6.3k -6,299
60 BOOTHBAY FUND MANAGEMENT, LLC 0.14% of their portfolio NEW YORK, NY 242,796242.8k $4.7m $4.7m 0.14% Added +2.6k +2,601
61 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 230,699230.7k $4.5m $4.5m 0.00% Reduced -2.7k -2,737
62 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 220,118220.1k $4.3m $4.3m 0.00% Reduced -1.7k -1,740
63 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 212,950212.9k $4.1m $4.1m 0.00% Reduced -1.1k -1,076
64 GRAHAM CAPITAL WEALTH MANAGEMENT, LLC 5.56% of their portfolio WASHINGTON, DC 212,277212.3k $4.1m $4.1m 5.56% Reduced -5.2k -5,222
65 Swiss National Bank 0.00% of their portfolio ZURICH, V8 210,600210.6k $4.1m $4.1m 0.00% Unchanged
66 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 209,280209.3k $4.1m $4.1m 0.01% Reduced -196.2k -196,213
67 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 205,779205.8k $4.0m $4.0m 0.01% Added +11.2k +11,227
68 Legal & General Group Plc 0.00% of their portfolio London, X0 185,708185.7k $3.6m $3.6m 0.00% Reduced -17.5k -17,526
69 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 183,580183.6k $3.6m $3.6m 0.00% Reduced -131.7k -131,725
70 MANNING & NAPIER ADVISORS LLC 0.04% of their portfolio Fairport, NY 178,491178.5k $3.5m $3.5m 0.04% First filing
71 MARTINGALE ASSET MANAGEMENT L P 0.07% of their portfolio BOSTON, MA 177,495177.5k $3.4m $3.4m 0.07% Added +6.9k +6,919
72 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 176,746176.7k $3.4m $3.4m 0.00% Reduced -90.0k -90,046
73 Newtyn Management, LLC 0.60% of their portfolio NEW YORK, NY 163,913163.9k $3.2m $3.2m 0.60% New
74 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.07% of their portfolio HOUSTON, TX 162,600162.6k $3.2m $3.2m 0.07% Unchanged
75 Cubist Systematic Strategies, LLC 0.05% of their portfolio STAMFORD, CT 161,863161.9k $3.1m $3.1m 0.05% Added +35.6k +35,594
76 Brandywine Global Investment Management, LLC 0.02% of their portfolio PHILADELPHIA, PA 160,770160.8k $3.1m $3.1m 0.02% Reduced -8.1k -8,140
77 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 159,968160.0k $3.1m $3.1m 0.00% Reduced -114.8k -114,808
78 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 156,240156.2k $3.0m $3.0m 0.00% Added +106.3k +106,253
79 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 151,817151.8k $2.9m $2.9m 0.01% Reduced -1.4k -1,376
80 ICON ADVISERS INC/CO 0.66% of their portfolio GREENWOOD VILLAGE, CO 151,754151.8k $2.9m $2.9m 0.66% New
81 Bulldog Investors, LLP 1.09% of their portfolio SADDLE BROOK, NJ 150,000150.0k $2.9m $2.9m 1.09% Added +79.6k +79,569
82 NORGES BANK 0.00% of their portfolio OSLO, Q8 144,826144.8k $2.8m $2.8m 0.00% Not comparable
83 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 142,426142.4k $2.8m $2.8m 0.00% Reduced -1.3k -1,295
84 Empowered Funds, LLC 0.05% of their portfolio NEWTOWN SQUARE, PA 140,541140.5k $2.7m $2.7m 0.05% Reduced -88.5k -88,461
85 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 138,552138.6k $2.7m $2.7m 0.00% Added +77.0k +77,043
86 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 133,998134.0k $2.6m $2.6m 0.00% Added +2.2k +2,195
87 NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio TOKYO, M0 132,100132.1k $2.6m $2.6m 0.01% Added +7.3k +7,300
88 Eisler Capital (US) LLC 0.47% of their portfolio NEW YORK, NY 127,586127.6k $2.5m $2.5m 0.47% Added +89.5k +89,514
89 TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio AUSTIN, TX 120,280120.3k $2.3m $2.3m 0.01% Added +3.5k +3,497
90 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 118,445118.4k $2.3m $2.3m 0.00% Reduced -56.4k -56,351
91 MOODY NATIONAL BANK TRUST DIVISION 0.18% of their portfolio GALVESTON, TX 117,965118.0k $2.3m $2.3m 0.18% Unchanged
92 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 117,037117.0k $2.3m $2.3m 0.00% Reduced -5.0k -4,974
93 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 116,281116.3k $2.3m $2.3m 0.00% Added +3.8k +3,822
94 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 112,434112.4k $2.2m $2.2m 0.00% Added +923 +923
95 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 112,117112.1k $2.2m $2.2m 0.00% Added +57.3k +57,325
96 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 111,928111.9k $2.2m $2.2m 0.00% Reduced -60.2k -60,218
97 FMR LLC 0.00% of their portfolio BOSTON, MA 106,633106.6k $2.1m $2.1m 0.00% Added +103.7k +103,737
98 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 104,320104.3k $2.0m $2.0m 0.00% Reduced -1.9k -1,924
99 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 99,65499.7k $1.9m $1.9m 0.01% Reduced -102.2k -102,205
100 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 98,83798.8k $1.9m $1.9m 0.00% Reduced -7.6k -7,561