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 ($50.2m this quarter). Holder counts are more reliable. Shares outstanding: 381.9m as of 2025-07-31, 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 ≈ $67.52. Options: 16 managers hold calls ($33.4m notional), 13 hold puts ($40.6m).
Trends to Q2 2025
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 |
| Q3 2024 | 680 |
| Q4 2024 | 684 |
| Q1 2025 | 703 |
| Q2 2025 | 711 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 252 | 293 |
| Q4 2023 | 272 | 292 |
| Q1 2024 | 293 | 287 |
| Q2 2024 | 339 | 248 |
| Q3 2024 | 337 | 284 |
| Q4 2024 | 304 | 302 |
| Q1 2025 | 349 | 286 |
| Q2 2025 | 353 | 302 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $36.3m | $20.3m | 0.56 |
| Q4 2024 | $45.9m | $24.8m | 0.54 |
| Q1 2025 | $46.2m | $43.5m | 0.94 |
| Q2 2025 | $33.4m | $40.6m | 1.22 |
Biggest buyers
| DEUTSCHE BANK AG\ | Added | +3.2m |
| PRUDENTIAL FINANCIAL INC | Added | +1.7m |
| Invesco Ltd. | Added | +1.4m |
| GRS Advisors, LLC | New | +1.0m |
| Russell Investments Group, Ltd. | Added | +952.8k |
| Amundi | Added | +857.0k |
| Heitman Real Estate Securities LLC | Added | +773.1k |
| FMR LLC | Added | +526.1k |
| FIRST TRUST ADVISORS LP | Added | +439.0k |
| STATE STREET CORP | Added | +417.1k |
Biggest sellers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -4.2m |
| CITADEL ADVISORS LLC | Reduced | -1.4m |
| JPMORGAN CHASE & CO | Reduced | -1.3m |
| MACQUARIE GROUP LTD | Reduced | -983.0k |
| BlackRock, Inc. | Reduced | -841.6k |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -760.2k |
| EDMOND DE ROTHSCHILD HOLDING S.A. | Reduced | -500.0k |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -435.3k |
| BAMCO INC /NY/ | Reduced | -381.0k |
| Hudson Bay Capital Management LP | Sold out | -368.5k |
Biggest calls
| Walleye Trading LLC | Added | $7.7m114.5k shares |
| LANDMARK INVESTMENT PARTNERS, L.P. | New | $5.3m78.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.5m66.2k shares |
| CITADEL ADVISORS LLC | Added | $3.1m46.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $2.0m30.0k shares |
| Maven Securities LTD | Added | $1.9m28.5k shares |
| Twin Tree Management, LP | Reduced | $1.6m24.1k shares |
| JANE STREET GROUP, LLC | Added | $1.4m21.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.4m21.2k shares |
| IMC-Chicago, LLC | Reduced | $1.2m18.5k shares |
Biggest puts
| PEAK6 LLC | New | $13.4m198.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $9.2m136.9k shares |
| CITADEL ADVISORS LLC | Reduced | $8.6m126.7k shares |
| JANE STREET GROUP, LLC | Reduced | $2.5m37.5k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $2.0m300 shares |
| SIMPLEX TRADING, LLC | Reduced | $1.3m19.2k shares |
| Maven Securities LTD | New | $978.6k14.5k shares |
| Walleye Trading LLC | Added | $836.9k12.4k shares |
| WOLVERINE TRADING, LLC | Reduced | $720.6k10.7k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $506.2k7.5k 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 2025
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 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 |
| Q3 2024 | 0 | — | 5 | $1.8m | $813.1k |
| Q4 2024 | 0 | — | 1 | $143.0k | — |
| Q1 2025 | 1 | $279 | 7 | $2.5m | — |
| Q2 2025 | 0 | — | 1 | $71.0k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-05-01 | Carraway Catherine EVP & CHRO | Sold | $71.0k1.0k 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.06% of their portfolio | 56.3m $3.8bn | Added +315.4k |
| BlackRock, Inc. 0.05% of their portfolio | 38.6m $2.6bn | Reduced -841.6k |
| NORGES BANK 0.29% of their portfolio | 34.8m $2.4bn | Added +90.7k |
| STATE STREET CORP 0.06% of their portfolio | 24.2m $1.7bn | Added +417.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.16% of their portfolio | 20.8m $1.4bn | Added +83.4k |
| APG Asset Management US Inc. 5.75% of their portfolio | 11.4m $768.8m | Reduced -91.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 9.9m $664.7m | Added +137.5k |
| First Eagle Investment Management, LLC 1.24% of their portfolio | 9.2m $620.5m | Reduced -108.1k |
| Invesco Ltd. 0.09% of their portfolio | 8.0m $541.2m | Added +1.4m |
| FMR LLC 0.03% of their portfolio | 7.4m $498.2m | Added +526.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.25% of their portfolio | 6.9m $469.0m | Reduced -760.2k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 6.2m $418.3m | Added +184.3k |
| Resolution Capital Ltd 6.80% of their portfolio | 5.1m $342.6m | Reduced -66 |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 5.0m $339.2m | Reduced -51.0k |
| Legal & General Group Plc 0.08% of their portfolio | 4.8m $322.0m | Reduced -297.0k |
| DEUTSCHE BANK AG\ 0.11% of their portfolio | 4.4m $298.7m | Added +3.2m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 4.3m $287.5m | Added +150.3k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.90% of their portfolio | 4.1m $279.2m | Reduced -139.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.24% of their portfolio | 4.1m $277.1m | Added +45.5k |
| MORGAN STANLEY 0.02% of their portfolio | 3.7m $247.9m | Reduced -215.5k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 3.2m $218.9m | Reduced -1.3m |
| MACQUARIE GROUP LTD 0.25% of their portfolio | 3.0m $200.2m | Reduced -983.0k |
| AMERICAN CENTURY COMPANIES INC 0.10% of their portfolio | 2.7m $185.6m | Added +157.0k |
| Nuveen, LLC 0.05% of their portfolio | 2.5m $167.2m | Added +165.6k |
| Boston Partners 0.18% of their portfolio | 2.4m $161.1m | Reduced -46.9k |
| UBS Group AG 0.03% of their portfolio | 2.3m $152.1m | Added +320.5k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 2.3m $152.1m | Reduced -14.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio | 2.1m $141.5m | Added +51.2k |
| PRUDENTIAL FINANCIAL INC 0.17% of their portfolio | 1.9m $128.8m | Added +1.7m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.7m $115.0m | Added +218.6k |
| Amundi 0.04% of their portfolio | 1.5m $103.2m | Added +857.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.4m $93.2m | Reduced -137.2k |
| Russell Investments Group, Ltd. 0.11% of their portfolio | 1.3m $89.7m | Added +952.8k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 1.3m $86.0m | Reduced -197.7k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 3.19% of their portfolio | 1.2m $78.0m | Reduced -70.6k |
| GRS Advisors, LLC 6.78% of their portfolio | 1.0m $70.6m | New |
| Pictet Asset Management Holding SA 0.07% of their portfolio | 1.0m $70.3m | Reduced -38.2k |
| Swiss National Bank 0.04% of their portfolio | 1.0m $69.8m | Added +71.3k |
| CHAI TRUST CO LLC 3.87% of their portfolio | 935.5k $63.1m | Unchanged |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 903.4k $61.0m | Added +57.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio | 900.8k $60.8m | Reduced -210.2k |
| CANADA LIFE ASSURANCE Co 0.10% of their portfolio | 899.7k $60.7m | Added +63.3k |
| Davis Asset Management, L.P. 2.10% of their portfolio | 800.0k $54.0m | Unchanged |
| Adelante Capital Management LLC 3.88% of their portfolio | 780.3k $52.7m | Reduced -149.5k |
| Heitman Real Estate Securities LLC 3.73% of their portfolio | 779.3k $52.6m | Added +773.1k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 757.4k $51.1m | Added +10.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 748.2k $50.5m | Reduced -72.1k |
| California Public Employees Retirement System 0.03% of their portfolio | 745.0k $50.3m | Reduced -32.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 724.8k $48.9m | Added +21.9k |
| Asset Management One Co., Ltd. 0.15% of their portfolio | 690.5k $46.6m | Reduced -10.9k |
| State of Tennessee, Department of Treasury 0.16% of their portfolio | 677.2k $45.7m | Added +59.1k |
| PANAGORA ASSET MANAGEMENT INC 0.21% of their portfolio | 676.6k $45.7m | Reduced -246.5k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 642.8k $43.4m | Added +439.0k |
| BARCLAYS PLC 0.02% of their portfolio | 621.0k $41.9m | Reduced -66.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.14% of their portfolio | 616.0k $41.6m | Added +7.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 608.5k $41.1m | Added +150.2k |
| Qube Research & Technologies Ltd 0.06% of their portfolio | 602.3k $40.6m | Reduced -133.6k |
| NOMURA ASSET MANAGEMENT CO LTD 0.11% of their portfolio | 597.2k $40.3m | Added +21.4k |
| National Pension Service 0.03% of their portfolio | 578.9k $39.1m | Added +3.8k |
| BAMCO INC /NY/ 0.11% of their portfolio | 578.1k $39.0m | Reduced -381.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 530.9k $35.8m | Reduced -51.8k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 530.1k $35.8m | Reduced -1.4m |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.06% of their portfolio | 510.3k $34.4m | Added +121.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 501.7k $33.9m | Added +33.9k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 494.3k $33.4m | Reduced -11.6k |
| CITIGROUP INC 0.02% of their portfolio | 486.0k $32.8m | Added +106.2k |
| Hazelview Securities Inc. 5.67% of their portfolio | 480.2k $32.0m | Added +27.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 461.1k $31.1m | Reduced -4.2m |
| Alyeska Investment Group, L.P. 0.11% of their portfolio | 441.7k $29.8m | Added +54.1k |
| Aberdeen Group plc 0.05% of their portfolio | 422.3k $28.5m | Added +36.0k |
| Allianz Asset Management GmbH 0.04% of their portfolio | 409.6k $27.6m | Reduced -41.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 406.1k $27.4m | Added +3.3k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 402.3k $27.2m | Reduced -364.1k |
| APG Asset Management N.V. 0.07% of their portfolio | 401.3k $23.1m | Added +8.6k |
| AEW CAPITAL MANAGEMENT L P 1.39% of their portfolio | 391.3k $26.4m | Added +14.3k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.18% of their portfolio | 387.2k $26.1m | Added +85.5k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 364.1k $24.6m | Reduced -19.5k |
| Starwood Capital Group Management, L.L.C. 15.15% of their portfolio | 339.3k $22.9m | Unchanged |
| Daiwa Securities Group Inc. 0.08% of their portfolio | 329.5k $22.2m | Added +159.4k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 321.7k $21.7m | Reduced -20.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 320.4k $21.6m | Added +26.0k |
| Seven Post Investment Office LP 8.12% of their portfolio | 319.2k $21.5m | Added +2.1k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 314.5k $21.2m | Added +159.4k |
| Schonfeld Strategic Advisors LLC 0.16% of their portfolio | 308.9k $20.8m | Added +170.5k |
| Clearbridge Investments, LLC 0.02% of their portfolio | 304.3k $20.5m | Reduced -7.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.05% of their portfolio | 300.8k $20.3m | Reduced -14.4k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.05% of their portfolio | 293.2k $19.8m | Added +453 |
| Investure, LLC 1.50% of their portfolio | 290.7k $19.6m | Unchanged |
| KBC Group NV 0.05% of their portfolio | 283.4k $19.1m | Reduced -164.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 282.6k $19.1m | Reduced -104.4k |
| STOREBRAND ASSET MANAGEMENT AS 0.05% of their portfolio | 269.4k $18.2m | Reduced -13.7k |
| Retirement Systems of Alabama 0.06% of their portfolio | 268.0k $18.1m | Reduced -1.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 266.6k $18.0m | Added +20.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 263.9k $17.8m | Added +157.0k |
| AVIVA PLC 0.04% of their portfolio | 257.3k $17.4m | Added +16.9k |
| STRS OHIO 0.06% of their portfolio | 256.2k $17.3m | Added +8.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 253.6k $17.1m | Added +120.6k |
| QRG CAPITAL MANAGEMENT, INC. 0.15% of their portfolio | 252.1k $17.0m | Added +25.3k |
| Presima Securities ULC 3.86% of their portfolio | 248.8k $16.8m | Reduced -2.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 243.5k $16.4m | Added +3.0k |