FEDERAL RLTY INVT TR NEW FRT
SH BEN INT NEW · REIT · CUSIP 313745101 · ISIN US3137451015
Real Estate Investment Trust in the United States
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersNorth Bethesda, MD
- Founded1984
- Websitefederalrealty.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 ($5.3m this quarter). Holder counts are more reliable. Shares outstanding: 81.6m as of 2023-10-30, 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 ≈ $90.68. Options: 7 managers hold calls ($10.8m notional), 8 hold puts ($4.5m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 387 |
| Q4 2022 | 422 |
| Q1 2023 | 431 |
| Q2 2023 | 413 |
| Q3 2023 | 414 |
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 | 222 | 162 |
| Q1 2023 | 229 | 156 |
| Q2 2023 | 205 | 177 |
| Q3 2023 | 202 | 181 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $40.1m | $38.4m | 0.96 |
| Q1 2023 | $8.1m | $10.8m | 1.34 |
| Q2 2023 | $9.3m | $12.3m | 1.32 |
| Q3 2023 | $10.8m | $4.5m | 0.41 |
Biggest buyers
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | New | +886.5k |
| JPMORGAN CHASE & CO | Added | +509.9k |
| PGGM Investments | Added | +341.6k |
| Alyeska Investment Group, L.P. | Added | +293.8k |
| MILLENNIUM MANAGEMENT LLC | New | +205.7k |
| BARCLAYS PLC | Added | +178.3k |
| GRS Advisors, LLC | New | +171.3k |
| GOLDMAN SACHS GROUP INC | Added | +108.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Added | +104.8k |
| Vest Financial, LLC | Added | +98.7k |
Biggest sellers
| STATE STREET CORP | Reduced | -2.9m |
| Resolution Capital Ltd | Reduced | -497.6k |
| BlackRock Inc. | Reduced | -148.2k |
| VANGUARD GROUP INC | Reduced | -133.2k |
| RUSH ISLAND MANAGEMENT, LP | Reduced | -115.3k |
| Balyasny Asset Management L.P. | Sold out | -110.7k |
| Legal & General Group Plc | Reduced | -42.3k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -39.3k |
| Nuveen Asset Management, LLC | Reduced | -39.2k |
| GSI Capital Advisors LLC | Sold out | -33.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.3m91.5k shares |
| CITADEL ADVISORS LLC | Reduced | $1.5m16.9k shares |
| WOLVERINE TRADING, LLC | Added | $426.0k4.7k shares |
| JANE STREET GROUP, LLC | New | $326.3k3.6k shares |
| SIMPLEX TRADING, LLC | Added | $154.0k1.7k shares |
| GROUP ONE TRADING LLC | Unchanged | $99.7k1.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.8m19.9k shares |
| CITADEL ADVISORS LLC | Reduced | $1.2m13.6k shares |
| JANE STREET GROUP, LLC | Added | $426.0k4.7k shares |
| PEAK6 Investments LLC | Reduced | $398.8k4.4k shares |
| WOLVERINE TRADING, LLC | Reduced | $262.8k2.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $244.0k2.7k shares |
| GROUP ONE TRADING LLC | Added | $99.7k1.1k 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-24 | 8.9% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 8.4% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.1% |
| NORGES BANK 13G · institution filed 2026-08-12 | 6.5% |
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 Q3 2023
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 |
|---|---|---|---|---|---|
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 1 | $1.0m | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 2 | $1.6m | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
None reported in Q3 2023.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 12.6m $1.1bn | Reduced -133.2k |
| BlackRock Inc. 0.02% of their portfolio | 7.9m $719.9m | Reduced -148.2k |
| NORGES BANK 0.13% of their portfolio | 7.2m $653.7m | Unchanged |
| STATE STREET CORP 0.03% of their portfolio | 6.8m $619.8m | Reduced -2.9m |
| Capital Research Global Investors 0.15% of their portfolio | 6.0m $540.2m | Added +2.0k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 4.7m $427.5m | Added +509.9k |
| Resolution Capital Ltd 5.23% of their portfolio | 2.9m $264.0m | Reduced -497.6k |
| Invesco Ltd. 0.05% of their portfolio | 1.9m $173.4m | Added +16.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 1.8m $162.2m | Added +31.0k |
| ProShare Advisors LLC 0.50% of their portfolio | 1.8m $160.0m | Reduced -12.1k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.1m $101.5m | Added +2.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.1m $101.0m | Added +19.7k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.0m $92.8m | Added +19.5k |
| MORGAN STANLEY 0.01% of their portfolio | 978.0k $88.6m | Added +71.1k |
| Alyeska Investment Group, L.P. 0.58% of their portfolio | 928.1k $84.1m | Added +293.8k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 908.1k $82.3m | Added +22.0k |
| Legal & General Group Plc 0.03% of their portfolio | 901.8k $81.7m | Reduced -42.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 886.5k $80.3m | New |
| Bank of New York Mellon Corp 0.01% of their portfolio | 707.9k $64.2m | Reduced -464 |
| RUSH ISLAND MANAGEMENT, LP 5.69% of their portfolio | 699.1k $63.4m | Reduced -115.3k |
| Clark Capital Management Group, Inc. 0.62% of their portfolio | 680.0k $61.6m | Added +9.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 665.3k $60.3m | Added +98.0k |
| PGGM Investments 0.94% of their portfolio | 600.4k $54.4m | Added +341.6k |
| APG Asset Management US Inc. 0.38% of their portfolio | 470.2k $42.6m | Reduced -16.1k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 468.7k $42.5m | Reduced -27.8k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 364.0k $33.0m | Reduced -15.1k |
| BARCLAYS PLC 0.02% of their portfolio | 354.0k $32.1m | Added +178.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.07% of their portfolio | 337.9k $30.6m | Added +104.8k |
| NOMURA ASSET MANAGEMENT CO LTD 0.14% of their portfolio | 335.2k $30.4m | Added +42.2k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 317.3k $28.8m | Reduced -5.4k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 316.2k $28.7m | Reduced -39.2k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 314.5k $28.5m | Added +108.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 289.8k $26.3m | Added +41.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 265.3k $24.0m | Added +5.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 263.0k $23.8m | Added +1.3k |
| Vest Financial, LLC 1.10% of their portfolio | 221.2k $20.0m | Added +98.7k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 205.7k $18.6m | New |
| RWC Asset Management LLP 1.15% of their portfolio | 195.3k $17.7m | Added +6.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 179.9k $16.3m | Reduced -1 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 176.0k $12.8m | Reduced -18.0k |
| Uniplan Investment Counsel, Inc. 1.23% of their portfolio | 175.4k $16.0m | Added +2.8k |
| GRS Advisors, LLC 2.75% of their portfolio | 171.3k $15.5m | New |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 163.2k $14.8m | Reduced -1.9k |
| Swiss National Bank 0.01% of their portfolio | 161.3k $14.6m | Added +1.6k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 160.9k $14.6m | Reduced -19.6k |
| State of Tennessee, Department of Treasury 0.06% of their portfolio | 159.6k $14.5m | Added +59.5k |
| California Public Employees Retirement System 0.01% of their portfolio | 159.5k $14.5m | Added +8.4k |
| UBS Group AG 0.01% of their portfolio | 155.8k $14.1m | Added +6.6k |
| Masterton Capital Management, LP 14.10% of their portfolio | 153.6k $13.9m | Reduced -11.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 148.8k $13.5m | Reduced -7.8k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 147.3k $13.4m | Reduced -11.6k |
| Meiji Yasuda Asset Management Co Ltd. 0.62% of their portfolio | 146.6k $13.3m | Reduced -5.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 143.2k $13.0m | Added +27.6k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.06% of their portfolio | 139.0k $12.6m | Added +3.1k |
| FMR LLC 0.00% of their portfolio | 135.8k $12.3m | Added +89.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 134.6k $12.2m | Added +51.1k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 132.2k $12.0m | Added +6.9k |
| AXA S.A. 0.04% of their portfolio | 129.2k $11.7m | Reduced -2.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 123.0k $11.1m | Reduced -3.4k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 122.8k $11.1m | Added +651 |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.05% of their portfolio | 117.4k $10.6m | Reduced -1.5k |
| Janney Montgomery Scott LLC 0.04% of their portfolio | 116.2k $10.5m | Added +2.6k |
| Asset Management One Co., Ltd. 0.05% of their portfolio | 115.1k $10.4m | Reduced -6.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 115.0k $10.4m | Added +92.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 113.0k $10.2m | Reduced -302 |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 109.3k $9.9m | Reduced -4.1k |
| Robeco Institutional Asset Management B.V. 0.03% of their portfolio | 105.0k $9.5m | Unchanged |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 104.0k $9.4m | Reduced -3.1k |
| STRS OHIO 0.04% of their portfolio | 103.1k $9.3m | Added +26.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 101.8k $9.2m | Added +160 |
| OSAIC HOLDINGS, INC. 0.01% of their portfolio | 100.2k $9.1m | Added +49.8k |
| Amundi 0.00% of their portfolio | 100.1k $8.8m | Reduced -12.5k |
| Pacific Heights Asset Management LLC 0.86% of their portfolio | 100.0k $9.1m | Unchanged |
| State of New Jersey Common Pension Fund D 0.03% of their portfolio | 92.3k $8.4m | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 87.4k $7.9m | Reduced -11.8k |
| GUGGENHEIM CAPITAL LLC 0.07% of their portfolio | 86.1k $7.8m | Added +2.7k |
| CITIGROUP INC 0.01% of their portfolio | 85.7k $7.8m | Reduced -7.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 83.8k $7.6m | Reduced -8.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 81.3k $7.4m | Reduced -597 |
| Curi Capital, LLC 0.25% of their portfolio | 79.1k $7.2m | Reduced -12.0k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 77.6k $7.0m | Added +976 |
| Fisher Asset Management, LLC 0.00% of their portfolio | 72.6k $6.6m | Reduced -11.3k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 72.3k $6.5m | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio | 69.2k $6.3m | Added +32.0k |
| Janney Capital Management LLC 0.48% of their portfolio | 68.6k $6.2m | Reduced -130 |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 0.71% of their portfolio | 64.9k $5.9m | Reduced -6.9k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 63.7k $5.8m | Added +1.6k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 63.7k $5.8m | New |
| MATTERN CAPITAL MANAGEMENT, LLC 0.92% of their portfolio | 62.4k $5.7m | Added +3.6k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.11% of their portfolio | 62.3k $5.6m | Added +7.3k |
| Retirement Systems of Alabama 0.03% of their portfolio | 61.1k $5.5m | Reduced -213 |
| Cubist Systematic Strategies, LLC 0.06% of their portfolio | 56.5k $5.1m | New |
| WESTWOOD HOLDINGS GROUP INC 0.05% of their portfolio | 55.5k $5.0m | Added +50.0k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 54.2k $4.9m | Added +3.2k |
| Davis Selected Advisers 0.03% of their portfolio | 54.2k $4.9m | Added +1.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 53.6k $4.9m | Added +3.8k |
| HRT FINANCIAL LP 0.05% of their portfolio | 53.3k $4.8m | Added +48.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 52.2k $4.7m | Reduced -9.8k |
| NISA INVESTMENT ADVISORS, LLC 0.03% of their portfolio | 48.9k $4.4m | Added +1.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 48.5k $4.4m | Reduced -3.7k |