EQUITY RESIDENTIAL VMRK
SH BEN INT · REIT · CUSIP 29476L107 · ISIN US29476L1070
Publicly traded real estate investment trust that invests in apartments
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersChicago, IL
- Founded1969
- Websiteequityapartments.com
- 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 ($50.9m this quarter). Holder counts are more reliable. Shares outstanding: 379.1m as of 2024-07-25, 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 ≈ $69.26. Options: 14 managers hold calls ($37.7m notional), 14 hold puts ($27.9m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 617 |
| Q4 2022 | 596 |
| Q1 2023 | 580 |
| Q2 2023 | 611 |
| Q3 2023 | 592 |
| Q4 2023 | 636 |
| Q1 2024 | 622 |
| Q2 2024 | 654 |
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 | 294 | 269 |
| Q1 2023 | 297 | 258 |
| Q2 2023 | 277 | 257 |
| Q3 2023 | 252 | 293 |
| Q4 2023 | 272 | 292 |
| Q1 2024 | 293 | 287 |
| Q2 2024 | 339 | 248 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $32.6m | $32.7m | 1.00 |
| Q4 2023 | $27.2m | $31.6m | 1.16 |
| Q1 2024 | $20.4m | $30.7m | 1.51 |
| Q2 2024 | $37.7m | $27.9m | 0.74 |
Biggest buyers
| PRINCIPAL FINANCIAL GROUP INC | Added | +5.9m |
| FMR LLC | Added | +1.6m |
| Invesco Ltd. | Added | +1.4m |
| BAMCO INC /NY/ | Added | +833.8k |
| JPMORGAN CHASE & CO | Added | +783.0k |
| GOLDMAN SACHS GROUP INC | Added | +671.6k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +582.6k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | Added | +569.0k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Added | +545.6k |
| NATIONAL BANK OF CANADA /FI/ | Added | +518.4k |
Biggest sellers
| D1 Capital Partners L.P. | Sold out | -6.9m |
| MORGAN STANLEY | Reduced | -6.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -3.3m |
| BlackRock Inc. | Reduced | -1.7m |
| VANGUARD GROUP INC | Reduced | -1.1m |
| Waterfront Capital Partners, LLC | Sold out | -878.2k |
| Brookfield Corp /ON/ | Sold out | -730.9k |
| KBC Group NV | Reduced | -714.4k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -642.8k |
| Amundi | Reduced | -455.9k |
Biggest calls
| Twin Tree Management, LP | New | $14.3m206.6k shares |
| MILLENNIUM MANAGEMENT LLC | New | $5.7m82.5k shares |
| CITADEL ADVISORS LLC | Reduced | $4.6m65.9k shares |
| Caption Management, LLC | New | $3.8m54.6k shares |
| SIMPLEX TRADING, LLC | Added | $3.1m44.5k shares |
| BANK OF AMERICA CORP /DE/ | New | $1.8m26.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.7m25.1k shares |
| JANE STREET GROUP, LLC | New | $1.1m15.8k shares |
| WOLVERINE TRADING, LLC | Added | $970.8k14.0k shares |
| GTS SECURITIES LLC | New | $374.4k5.4k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $11.2m161.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.8m69.8k shares |
| IMC-Chicago, LLC | Added | $2.5m36.2k shares |
| Walleye Trading LLC | Added | $2.3m32.7k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $2.1m30.0k shares |
| JANE STREET GROUP, LLC | Added | $1.9m27.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.0m14.5k shares |
| GTS SECURITIES LLC | Added | $963.8k13.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $492.3k7.1k shares |
| TWO SIGMA SECURITIES, LLC | Added | $402.2k5.8k 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 |
|---|---|
| BlackRock, Inc. 13G · institution +0.2 pts · filed 2025-11-06 | 10.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 8.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.0% |
Fell to 5% or below in the last year: PRICE T ROWE ASSOCIATES INC /MD/ (4.8%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 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 |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 3 | $2.5m | — |
| Q4 2022 | 0 | — | 1 | $4.4m | — |
| Q1 2023 | 0 | — | 7 | $908.2k | — |
| Q2 2023 | 0 | — | 1 | $2.6m | — |
| Q3 2023 | 0 | — | 1 | $165.1k | — |
| Q4 2023 | 0 | — | 1 | $7.9m | — |
| Q1 2024 | 0 | — | 5 | $257.1k | — |
| Q2 2024 | 0 | — | 4 | $1.1m | $261.8k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-24 | Garechana Robert EVP & Chief Financial Officer | Sold | $439.1k6.4k shares |
| 2024-05-31 | BYNOE LINDA Director | Sold | $208.2k3.2k shares |
| 2024-04-26 | HABEN MARY KAY Director | Sold | $212.2k3.2k shares |
| 2024-04-24 | Brackenridge Alexander Executive Vice President & CIO | Sold plan | $261.8k4.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.07% of their portfolio | 55.9m $3.9bn | Reduced -1.1m |
| BlackRock Inc. 0.06% of their portfolio | 38.4m $2.7bn | Reduced -1.7m |
| NORGES BANK 0.36% of their portfolio | 35.1m $2.4bn | Added +64.2k |
| STATE STREET CORP 0.07% of their portfolio | 23.6m $1.6bn | Reduced -92.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.17% of their portfolio | 20.0m $1.4bn | Reduced -274.3k |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 19.7m $1.4bn | Added +783.0k |
| APG Asset Management US Inc. 4.51% of their portfolio | 11.6m $788.3m | Reduced -30.0k |
| First Eagle Investment Management, LLC 1.46% of their portfolio | 9.3m $645.0m | Reduced -37.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 9.2m $637.9m | Added +582.6k |
| Resolution Capital Ltd 10.21% of their portfolio | 7.8m $542.6m | Added +239.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.29% of their portfolio | 7.2m $496.0m | Added +5.9m |
| Invesco Ltd. 0.10% of their portfolio | 7.1m $493.7m | Added +1.4m |
| FMR LLC 0.03% of their portfolio | 6.0m $416.4m | Added +1.6m |
| MACQUARIE GROUP LTD 0.42% of their portfolio | 5.3m $370.1m | Reduced -435.2k |
| Legal & General Group Plc 0.10% of their portfolio | 5.3m $365.7m | Reduced -325.9k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 5.2m $362.8m | Added +5.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.34% of their portfolio | 5.0m $346.8m | Added +60.0k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 3.56% of their portfolio | 4.7m $328.7m | Added +134.8k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 4.3m $296.6m | Added +86.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 3.9m $269.3m | Reduced -15.0k |
| MORGAN STANLEY 0.02% of their portfolio | 3.3m $231.3m | Reduced -6.2m |
| PRUDENTIAL FINANCIAL INC 0.32% of their portfolio | 3.0m $210.2m | Reduced -242.9k |
| Boston Partners 0.23% of their portfolio | 2.7m $186.9m | Reduced -19.4k |
| Nuveen Asset Management, LLC 0.05% of their portfolio | 2.5m $171.1m | Reduced -214.3k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 2.4m $167.2m | Reduced -62.7k |
| AMERICAN CENTURY COMPANIES INC 0.09% of their portfolio | 2.2m $151.2m | Added +373.2k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.7m $120.1m | Added +75.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio | 1.7m $116.2m | Added +475.1k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.6m $114.2m | Added +671.6k |
| PANAGORA ASSET MANAGEMENT INC 0.57% of their portfolio | 1.6m $113.2m | Added +141.6k |
| BAMCO INC /NY/ 0.28% of their portfolio | 1.4m $98.2m | Added +833.8k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 1.3m $92.0m | Reduced -232.2k |
| UBS Group AG 0.03% of their portfolio | 1.3m $88.8m | Reduced -175.3k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 1.2m $85.2m | Added +49.3k |
| CHAI TRUST CO LLC 12.93% of their portfolio | 1.2m $84.0m | Unchanged |
| Adelante Capital Management LLC 6.32% of their portfolio | 1.2m $80.1m | Reduced -118.9k |
| SEI INVESTMENTS CO 0.11% of their portfolio | 1.1m $79.5m | Added +84.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.09% of their portfolio | 1.1m $79.0m | Added +29.6k |
| Pictet Asset Management Holding SA 0.09% of their portfolio | 1.1m $76.1m | Reduced -29.1k |
| Swiss National Bank 0.05% of their portfolio | 1.0m $70.0m | Reduced -70.5k |
| Davis Asset Management, L.P. 3.11% of their portfolio | 1.0m $69.3m | Unchanged |
| BARCLAYS PLC 0.03% of their portfolio | 833.4k $57.8m | Added +118.1k |
| CANADA LIFE ASSURANCE Co 0.10% of their portfolio | 760.5k $52.8m | Added +9.3k |
| California Public Employees Retirement System 0.04% of their portfolio | 754.7k $52.3m | Reduced -173.5k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 744.0k $51.6m | Reduced -276.2k |
| Qube Research & Technologies Ltd 0.09% of their portfolio | 741.8k $51.4m | Added +77.2k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 724.3k $50.2m | Reduced -15 |
| Asset Management One Co., Ltd. 0.19% of their portfolio | 702.8k $48.7m | Reduced -25.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 688.3k $47.7m | Added +63.5k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 1.97% of their portfolio | 665.0k $46.1m | Added +569.0k |
| State of Tennessee, Department of Treasury 0.17% of their portfolio | 659.9k $45.8m | Reduced -29.3k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.18% of their portfolio | 648.2k $44.9m | Reduced -12.9k |
| Amundi 0.02% of their portfolio | 623.4k $42.1m | Reduced -455.9k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.78% of their portfolio | 616.0k $42.7m | Added +545.6k |
| NATIONAL BANK OF CANADA /FI/ 0.06% of their portfolio | 594.8k $40.5m | Added +518.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 559.6k $38.8m | Added +7.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 543.7k $37.7m | Reduced -15.5k |
| NOMURA ASSET MANAGEMENT CO LTD 0.12% of their portfolio | 526.3k $36.5m | Added +24.9k |
| National Pension Service 0.04% of their portfolio | 502.7k $34.9m | Reduced -22.2k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 498.1k $34.5m | Reduced -642.8k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 490.8k $34.0m | Reduced -15.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 469.9k $32.6m | Reduced -3.3m |
| Mitsubishi UFJ Trust & Banking Corp 0.08% of their portfolio | 466.4k $32.3m | Reduced -8.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.06% of their portfolio | 430.1k $29.8m | Reduced -18.4k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 428.2k $29.7m | Added +23.9k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 418.6k $29.0m | Added +14.7k |
| CITIGROUP INC 0.03% of their portfolio | 404.8k $28.1m | Reduced -76.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 399.8k $27.7m | Reduced -186.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 389.6k $27.0m | Reduced -180.2k |
| Robeco Institutional Asset Management B.V. 0.06% of their portfolio | 373.1k $25.9m | Added +316.8k |
| Hazelview Securities Inc. 4.70% of their portfolio | 368.6k $24.9m | Added +56.7k |
| STRS OHIO 0.10% of their portfolio | 366.8k $25.4m | Reduced -56.0k |
| Presima Securities ULC 5.52% of their portfolio | 357.8k $24.8m | Added +319.0k |
| AEW CAPITAL MANAGEMENT L P 1.14% of their portfolio | 340.9k $23.6m | Added +3.7k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 328.7k $22.8m | Reduced -117.7k |
| Allianz Asset Management GmbH 0.04% of their portfolio | 322.5k $22.4m | Reduced -57.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.06% of their portfolio | 319.0k $21.8m | Reduced -5.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 317.8k $22.0m | Reduced -12.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 316.9k $22.0m | Reduced -119.0k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.20% of their portfolio | 311.3k $21.6m | Added +254.1k |
| Seven Post Investment Office LP 3.97% of their portfolio | 308.9k $21.4m | Added +5.7k |
| MAPLELANE CAPITAL, LLC 1.51% of their portfolio | 290.0k $20.1m | Reduced -195.0k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 284.3k $19.7m | Added +33.1k |
| Retirement Systems of Alabama 0.07% of their portfolio | 276.6k $19.2m | Reduced -6.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 275.2k $19.1m | Reduced -24.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 271.7k $18.8m | Added +5.5k |
| APG Asset Management N.V. 0.03% of their portfolio | 269.8k $17.5m | Added +255.9k |
| Land & Buildings Investment Management, LLC 4.32% of their portfolio | 264.3k $18.3m | New |
| Investure, LLC 2.23% of their portfolio | 263.8k $18.3m | Unchanged |
| State of Alaska, Department of Revenue 0.20% of their portfolio | 263.4k $18.3m | Added +13.4k |
| STOREBRAND ASSET MANAGEMENT AS 0.06% of their portfolio | 245.6k $17.0m | Added +48.8k |
| Daiwa Securities Group Inc. 0.09% of their portfolio | 235.5k $16.3m | Reduced -10.3k |
| Aberdeen Group plc 0.03% of their portfolio | 231.6k $16.1m | Reduced -6.3k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.09% of their portfolio | 223.6k $15.5m | Added +90.7k |
| GUGGENHEIM CAPITAL LLC 0.11% of their portfolio | 222.0k $15.4m | Reduced -16.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 220.1k $15.3m | Reduced -24.3k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.05% of their portfolio | 217.3k $15.1m | Added +4.6k |
| Andra AP-fonden 0.25% of their portfolio | 214.9k $14.9m | Reduced -16.2k |
| NISA INVESTMENT ADVISORS, LLC 0.09% of their portfolio | 209.1k $14.5m | Added +1.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 208.8k $14.5m | Added +22.7k |