ESSEX PPTY TR INC ESS
COM · REIT · CUSIP 297178105 · ISIN US2971781057
American Real Estate Investment Trusts
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersSan Mateo, CA
- Founded1971
- Websiteessexapartmenthomes.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 ($58.0m this quarter). Holder counts are more reliable. Shares outstanding: 64.4m as of 2025-07-23, 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 ≈ $283.45. Options: 10 managers hold calls ($38.3m notional), 7 hold puts ($12.3m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 524 |
| Q4 2022 | 527 |
| Q1 2023 | 530 |
| Q2 2023 | 530 |
| Q3 2023 | 528 |
| Q4 2023 | 549 |
| Q1 2024 | 545 |
| Q2 2024 | 582 |
| Q3 2024 | 611 |
| Q4 2024 | 632 |
| Q1 2025 | 628 |
| Q2 2025 | 622 |
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 | 215 | 260 |
| Q4 2023 | 231 | 268 |
| Q1 2024 | 255 | 235 |
| Q2 2024 | 272 | 258 |
| Q3 2024 | 287 | 256 |
| Q4 2024 | 290 | 268 |
| Q1 2025 | 324 | 275 |
| Q2 2025 | 302 | 288 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $32.1m | $9.5m | 0.29 |
| Q4 2024 | $22.4m | $11.8m | 0.53 |
| Q1 2025 | $36.3m | $7.0m | 0.19 |
| Q2 2025 | $38.3m | $12.3m | 0.32 |
Biggest buyers
| COHEN & STEERS, INC. | Added | +1.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +575.2k |
| Daiwa Securities Group Inc. | Added | +344.3k |
| BlackRock, Inc. | Added | +334.8k |
| DEUTSCHE BANK AG\ | Added | +247.6k |
| Boston Partners | Added | +189.7k |
| Heitman Real Estate Securities LLC | Added | +152.9k |
| Russell Investments Group, Ltd. | Added | +150.9k |
| PRUDENTIAL FINANCIAL INC | Added | +136.0k |
| STATE STREET CORP | Added | +129.8k |
Biggest sellers
| CARRONADE CAPITAL MANAGEMENT, LP | Reduced | -2.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -723.8k |
| NORTHERN TRUST CORP | Reduced | -275.5k |
| JPMORGAN CHASE & CO | Reduced | -153.8k |
| Point72 Asset Management, L.P. | Sold out | -124.6k |
| Masterton Capital Management, LP | Reduced | -122.9k |
| Hudson Bay Capital Management LP | Reduced | -111.4k |
| KBC Group NV | Reduced | -100.7k |
| Lighthouse Investment Partners, LLC | Reduced | -82.2k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -82.0k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $12.3m43.5k shares |
| Twin Tree Management, LP | Unchanged | $11.4m40.2k shares |
| CITADEL ADVISORS LLC | Added | $3.6m12.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.5m12.3k shares |
| LANDMARK INVESTMENT PARTNERS, L.P. | New | $2.8m9.9k shares |
| Walleye Trading LLC | Added | $2.2m7.8k shares |
| MILLENNIUM MANAGEMENT LLC | New | $1.6m5.6k shares |
| WOLVERINE TRADING, LLC | Added | $685.0k2.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $170.0k600 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $7.6m26.9k shares |
| CITADEL ADVISORS LLC | Added | $2.3m8.2k shares |
| Marex Group Ltd | New | $1.6m5.6k shares |
| WOLVERINE TRADING, LLC | New | $656.4k2.3k shares |
| Walleye Trading LLC | Reduced | $56.7k200 shares |
| SIMPLEX TRADING, LLC | Unchanged | $56.0k200 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.
| Holder | Stake |
|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 8.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.6% |
| COHEN & STEERS, INC. 13G · institution -1.2 pts · filed 2026-05-15 | 7.5% |
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution new · filed 2025-08-14 | 5.2% |
Fell to 5% or below in the last year: 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 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 2 | $1.2m | — |
| Q2 2024 | 0 | — | 2 | $3.8m | — |
| Q3 2024 | 0 | — | 3 | $6.4m | $6.4m |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 5 | $7.6m | $4.5m |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 10.5m $3.0bn | Added +53.0k |
| BlackRock, Inc. 0.04% of their portfolio | 7.2m $2.0bn | Added +334.8k |
| COHEN & STEERS, INC. 2.89% of their portfolio | 5.6m $1.6bn | Added +1.3m |
| STATE STREET CORP 0.06% of their portfolio | 5.4m $1.5bn | Added +129.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.11% of their portfolio | 3.3m $941.3m | Added +575.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 1.8m $515.2m | Added +23.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.21% of their portfolio | 1.4m $400.3m | Reduced -68.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.11% of their portfolio | 1.2m $351.9m | Reduced -770 |
| Daiwa Securities Group Inc. 1.11% of their portfolio | 1.1m $299.5m | Added +344.3k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 971.6k $275.4m | Reduced -275.5k |
| Legal & General Group Plc 0.07% of their portfolio | 930.1k $263.6m | Reduced -18.7k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 923.7k $261.8m | Reduced -14.5k |
| DEUTSCHE BANK AG\ 0.09% of their portfolio | 871.7k $247.0m | Added +247.6k |
| Boston Partners 0.27% of their portfolio | 860.9k $243.9m | Added +189.7k |
| AMERIPRISE FINANCIAL INC 0.06% of their portfolio | 849.0k $238.5m | Reduced -5.6k |
| Resolution Capital Ltd 4.77% of their portfolio | 848.6k $240.5m | Added +26.7k |
| NORGES BANK 0.03% of their portfolio | 844.9k $239.4m | Added +10.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 800.7k $226.9m | Added +22.5k |
| MORGAN STANLEY 0.01% of their portfolio | 746.1k $211.5m | Added +58.8k |
| Invesco Ltd. 0.04% of their portfolio | 735.4k $208.4m | Added +8.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 625.1k $177.2m | Reduced -32.3k |
| PRUDENTIAL FINANCIAL INC 0.23% of their portfolio | 619.0k $175.4m | Added +136.0k |
| FMR LLC 0.01% of their portfolio | 616.0k $174.6m | Added +31.2k |
| ProShare Advisors LLC 0.33% of their portfolio | 588.9k $166.9m | Reduced -38.3k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 572.1k $162.1m | Reduced -153.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.57% of their portfolio | 512.0k $145.1m | Reduced -31.4k |
| Russell Investments Group, Ltd. 0.18% of their portfolio | 509.5k $144.4m | Added +150.9k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 450.3k $127.6m | Added +82.1k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 444.6k $126.0m | Reduced -7.9k |
| Nuveen, LLC 0.03% of their portfolio | 327.9k $92.9m | Added +31.1k |
| SEI INVESTMENTS CO 0.10% of their portfolio | 311.3k $88.2m | Added +11.9k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.99% of their portfolio | 297.2k $84.2m | Added +5.8k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 296.6k $84.1m | Added +127.6k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 291.7k $82.7m | Reduced -66.1k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.14% of their portfolio | 269.1k $76.2m | Added +79.7k |
| UBS Group AG 0.02% of their portfolio | 253.2k $71.8m | Reduced -14.6k |
| NOMURA ASSET MANAGEMENT CO LTD 0.19% of their portfolio | 244.2k $69.2m | Added +1.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 227.8k $64.6m | Reduced -11.1k |
| APG Asset Management US Inc. 0.45% of their portfolio | 212.0k $60.4m | Added +94.8k |
| Aberdeen Group plc 0.10% of their portfolio | 202.8k $56.3m | Added +9.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 196.1k $55.6m | Added +7.8k |
| Swiss National Bank 0.03% of their portfolio | 194.8k $55.2m | Added +13.5k |
| Vest Financial, LLC 0.77% of their portfolio | 192.8k $54.6m | Reduced -4.5k |
| Heitman Real Estate Securities LLC 3.79% of their portfolio | 188.6k $53.5m | Added +152.9k |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 187.6k $53.2m | Reduced -8.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 185.9k $52.7m | Added +11.2k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 171.8k $48.6m | Reduced -77.5k |
| Lido Advisors, LLC 0.26% of their portfolio | 170.8k $48.9m | Added +993 |
| California Public Employees Retirement System 0.03% of their portfolio | 169.0k $47.9m | Reduced -20.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 166.6k $47.2m | Reduced -36.1k |
| Amundi 0.02% of their portfolio | 166.1k $47.1m | Added +65.9k |
| CANADA LIFE ASSURANCE Co 0.07% of their portfolio | 153.0k $43.4m | Added +9.7k |
| BARCLAYS PLC 0.02% of their portfolio | 140.3k $39.8m | Added +16.3k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 138.6k $39.3m | Added +1.9k |
| State of Tennessee, Department of Treasury 0.14% of their portfolio | 138.3k $39.2m | Added +12.1k |
| Asset Management One Co., Ltd. 0.12% of their portfolio | 132.4k $37.5m | Reduced -1.4k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.56% of their portfolio | 131.1k $37.2m | Unchanged |
| Gillson Capital LP 2.82% of their portfolio | 130.2k $36.9m | Added +52.5k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.25% of their portfolio | 129.1k $36.6m | Added +5.1k |
| Quantinno Capital Management LP 0.15% of their portfolio | 125.8k $35.6m | Added +35.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 125.0k $35.4m | Reduced -5.6k |
| National Pension Service 0.03% of their portfolio | 124.4k $35.3m | Added +693 |
| Engineers Gate Manager LP 0.42% of their portfolio | 118.4k $33.6m | Added +115.6k |
| Allianz Asset Management GmbH 0.04% of their portfolio | 114.6k $32.5m | Reduced -13.5k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.11% of their portfolio | 113.0k $32.0m | Added +1.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 95.6k $27.1m | Reduced -5.5k |
| LANDMARK INVESTMENT PARTNERS, L.P. 11.89% of their portfolio | 93.6k $26.5m | Reduced -36.3k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.26% of their portfolio | 90.1k $25.5m | Added +1.5k |
| CITIGROUP INC 0.02% of their portfolio | 88.4k $25.0m | Reduced -8.7k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 83.2k $23.6m | Reduced -1.3k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 82.6k $23.4m | Reduced -80.5k |
| Baird Financial Group, Inc. 0.04% of their portfolio | 81.4k $23.1m | Added +723 |
| Waterfront Capital Partners, LLC 5.48% of their portfolio | 77.9k $22.1m | New |
| STRS OHIO 0.08% of their portfolio | 73.5k $20.8m | Reduced -177 |
| Investure, LLC 1.58% of their portfolio | 73.0k $20.7m | Unchanged |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 71.6k $20.3m | Reduced -12.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 69.3k $19.7m | Reduced -723.8k |
| APG Asset Management N.V. 0.05% of their portfolio | 65.4k $15.8m | Added +400 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.04% of their portfolio | 63.8k $18.1m | Added +5.5k |
| KBC Group NV 0.05% of their portfolio | 63.6k $18.0m | Reduced -100.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 61.8k $17.5m | Added +2.5k |
| AEW CAPITAL MANAGEMENT L P 0.91% of their portfolio | 61.1k $17.3m | Added +300 |
| Sophron Capital Management L.P. 5.23% of their portfolio | 60.3k $17.1m | Reduced -3.7k |
| Pacific Heights Asset Management LLC 0.91% of their portfolio | 60.0k $17.0m | Unchanged |
| American Assets Investment Management, LLC 1.36% of their portfolio | 59.5k $16.9m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 58.0k $16.4m | Added +7.6k |
| Robeco Institutional Asset Management B.V. 0.03% of their portfolio | 56.3k $16.0m | Reduced -12.9k |
| Utah Retirement Systems 0.17% of their portfolio | 56.0k $15.9m | Reduced -80 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 55.6k $15.8m | Added +12 |
| Uniplan Investment Counsel, Inc. 1.56% of their portfolio | 54.3k $15.4m | Reduced -1.6k |
| WESTWOOD HOLDINGS GROUP INC 0.11% of their portfolio | 52.6k $14.9m | Added +18.0k |
| EARNEST PARTNERS LLC 0.07% of their portfolio | 51.3k $14.5m | Reduced -231 |
| Gotham Asset Management, LLC 0.09% of their portfolio | 51.2k $14.5m | Reduced -1.9k |
| Retirement Systems of Alabama 0.05% of their portfolio | 50.5k $14.3m | Reduced -331 |
| DekaBank Deutsche Girozentrale 0.03% of their portfolio | 50.2k $14.2m | Added +3.1k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 49.9k $14.2m | Reduced -19.3k |
| AVIVA PLC 0.03% of their portfolio | 48.0k $13.6m | Added +45.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 47.3k $13.4m | Reduced -3.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 47.2k $13.4m | Reduced -5.4k |
| HEARTLAND ADVISORS INC 0.74% of their portfolio | 47.1k $13.4m | Added +8.4k |