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 ($5.6m this quarter). Holder counts are more reliable. Shares outstanding: 83.0m as of 2024-04-29, 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 ≈ $102.18. Options: 7 managers hold calls ($17.1m notional), 8 hold puts ($7.0m).
Trends to Q1 2024
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 |
| Q4 2023 | 451 |
| Q1 2024 | 447 |
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 |
| Q4 2023 | 211 | 191 |
| Q1 2024 | 205 | 205 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $9.3m | $12.3m | 1.32 |
| Q3 2023 | $10.8m | $4.5m | 0.41 |
| Q4 2023 | $14.7m | $6.8m | 0.46 |
| Q1 2024 | $17.1m | $7.0m | 0.41 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +1.9m |
| MORGAN STANLEY | Added | +771.2k |
| RUSH ISLAND MANAGEMENT, LP | Added | +557.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +547.9k |
| Resolution Capital Ltd | Added | +486.3k |
| Waterfront Capital Partners, LLC | New | +460.5k |
| ExodusPoint Capital Management, LP | New | +290.3k |
| STRS OHIO | Added | +209.8k |
| VANGUARD GROUP INC | Added | +193.7k |
| CITIGROUP INC | Added | +162.6k |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -1.1m |
| STATE STREET CORP | Reduced | -494.3k |
| Alyeska Investment Group, L.P. | Sold out | -404.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -252.6k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -226.0k |
| Heitman Real Estate Securities LLC | Reduced | -195.4k |
| Qube Research & Technologies Ltd | Sold out | -182.8k |
| Point72 Asset Management, L.P. | Sold out | -165.1k |
| Balyasny Asset Management L.P. | Sold out | -144.7k |
| MARSHALL WACE, LLP | Reduced | -139.4k |
Biggest calls
| JANE STREET GROUP, LLC | New | $7.0m68.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.0m48.8k shares |
| CITADEL ADVISORS LLC | Added | $3.9m37.9k shares |
| WOLVERINE TRADING, LLC | New | $939.5k9.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $275.0k2.7k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $81.7k800 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.0m39.1k shares |
| CITADEL ADVISORS LLC | Added | $1.4m13.8k shares |
| PEAK6 Investments LLC | Reduced | $765.9k7.5k shares |
| JANE STREET GROUP, LLC | Added | $510.6k5.0k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $204.2k2.0k shares |
| SIMPLEX TRADING, LLC | Added | $102.0k1.0k shares |
| GROUP ONE TRADING LLC | Reduced | $30.6k300 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 Q1 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q4 2023 | 0 | — | 2 | $2.5m | — |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 12.7m $1.3bn | Added +193.7k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 10.1m $1.0bn | Added +1.9m |
| BlackRock Inc. 0.02% of their portfolio | 8.3m $850.5m | Added +158.5k |
| NORGES BANK 0.12% of their portfolio | 7.2m $736.8m | Added +1.7k |
| STATE STREET CORP 0.03% of their portfolio | 6.4m $657.7m | Reduced -494.3k |
| Resolution Capital Ltd 6.50% of their portfolio | 3.6m $363.2m | Added +486.3k |
| MORGAN STANLEY 0.01% of their portfolio | 2.7m $272.9m | Added +771.2k |
| Capital Research Global Investors 0.06% of their portfolio | 2.4m $246.4m | Added +1.2k |
| Invesco Ltd. 0.04% of their portfolio | 2.0m $208.8m | Added +21.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio | 1.9m $194.4m | Added +547.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 1.9m $191.5m | Added +53.4k |
| ProShare Advisors LLC 0.46% of their portfolio | 1.7m $173.1m | Reduced -116.9k |
| RUSH ISLAND MANAGEMENT, LP 11.51% of their portfolio | 1.3m $132.3m | Added +557.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.2m $121.0m | Added +29.0k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.1m $115.4m | Added +29.6k |
| Legal & General Group Plc 0.03% of their portfolio | 952.7k $97.3m | Reduced -1.9k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 902.8k $92.2m | Added +31.4k |
| Clark Capital Management Group, Inc. 0.66% of their portfolio | 860.6k $87.9m | Added +24.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 748.2k $76.4m | Added +20.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 735.7k $75.1m | Reduced -17.7k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 690.2k $70.5m | Reduced -29.5k |
| PGGM Investments 0.89% of their portfolio | 601.4k $61.4m | Added +1.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.10% of their portfolio | 522.1k $53.3m | Added +10.7k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 514.5k $52.7m | Added +95.9k |
| APG Asset Management US Inc. 0.27% of their portfolio | 470.2k $47.4m | Unchanged |
| Waterfront Capital Partners, LLC 4.39% of their portfolio | 460.5k $47.0m | New |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 399.1k $40.8m | Reduced -8.5k |
| NOMURA ASSET MANAGEMENT CO LTD 0.14% of their portfolio | 385.4k $39.4m | Added +15.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 383.1k $39.1m | Added +158.2k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 365.5k $37.0m | Reduced -6.1k |
| Vest Financial, LLC 0.98% of their portfolio | 361.0k $36.9m | Added +55.1k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 348.3k $35.6m | Added +34.3k |
| STRS OHIO 0.14% of their portfolio | 346.6k $35.4m | Added +209.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 328.9k $33.6m | Added +48.4k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 324.3k $33.1m | Reduced -63.0k |
| FMR LLC 0.00% of their portfolio | 312.9k $32.0m | Reduced -74.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 309.1k $31.6m | Added +19.5k |
| ExodusPoint Capital Management, LP 0.37% of their portfolio | 290.3k $29.6m | New |
| CITIGROUP INC 0.03% of their portfolio | 281.7k $28.8m | Added +162.6k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 259.8k $26.5m | Added +108.5k |
| MIZUHO MARKETS AMERICAS LLC 0.59% of their portfolio | 212.1k $21.7m | Added +160.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 206.8k $21.1m | Added +161.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 190.8k $19.5m | Added +18.9k |
| Masterton Capital Management, LP 14.39% of their portfolio | 179.8k $18.4m | Unchanged |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 178.5k $18.2m | Reduced -4.7k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.34% of their portfolio | 177.9k $18.2m | Added +1.8k |
| RWC Asset Management LLP 1.12% of their portfolio | 174.1k $17.8m | Reduced -10.6k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.20% of their portfolio | 169.5k $17.7m | Added +50.3k |
| UBS Group AG 0.01% of their portfolio | 168.8k $17.2m | Reduced -16.7k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 162.8k $16.7m | Added +109.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 162.0k $16.5m | Added +14.2k |
| Robeco Institutional Asset Management B.V. 0.03% of their portfolio | 152.8k $15.6m | Added +35.7k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 152.5k $15.6m | Reduced -8.5k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 147.4k $15.1m | Added +20.0k |
| Swiss National Bank 0.01% of their portfolio | 145.0k $14.8m | Added +400 |
| MARSHALL WACE, LLP 0.02% of their portfolio | 144.4k $14.8m | Reduced -139.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 143.1k $14.6m | Reduced -10.9k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 142.3k $14.5m | Reduced -7.5k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.05% of their portfolio | 136.7k $14.0m | Reduced -3.5k |
| State of Tennessee, Department of Treasury 0.05% of their portfolio | 128.5k $13.1m | Reduced -27.0k |
| AXA S.A. 0.04% of their portfolio | 125.7k $12.8m | Reduced -112.9k |
| Janney Montgomery Scott LLC 0.04% of their portfolio | 122.4k $12.5m | Added +7.4k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.15% of their portfolio | 119.6k $12.2m | Added +27.2k |
| BANK OF NOVA SCOTIA 0.02% of their portfolio | 119.3k $12.2m | Added +113.5k |
| Meiji Yasuda Asset Management Co Ltd. 0.52% of their portfolio | 118.9k $12.1m | Reduced -5.5k |
| BARCLAYS PLC 0.01% of their portfolio | 118.8k $12.1m | Reduced -19.1k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 117.5k $12.0m | Reduced -11.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 114.7k $11.7m | Reduced -8.1k |
| Asset Management One Co., Ltd. 0.04% of their portfolio | 111.2k $11.4m | Reduced -2.9k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 107.2k $10.9m | Added +4.8k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 102.9k $10.5m | Reduced -226.0k |
| Pacific Heights Asset Management LLC 0.84% of their portfolio | 100.0k $10.2m | Unchanged |
| Schonfeld Strategic Advisors LLC 0.08% of their portfolio | 99.4k $10.2m | Reduced -41.7k |
| WESTWOOD HOLDINGS GROUP INC 0.08% of their portfolio | 95.7k $9.8m | Added +15.4k |
| GUGGENHEIM CAPITAL LLC 0.07% of their portfolio | 95.4k $9.7m | Added +5.5k |
| Curi Capital, LLC 0.22% of their portfolio | 92.8k $9.5m | Added +8.6k |
| State of New Jersey Common Pension Fund D 0.03% of their portfolio | 92.3k $9.4m | Unchanged |
| Amundi 0.00% of their portfolio | 87.2k $8.6m | Added +12.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 86.5k $8.6m | Reduced -15.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 86.4k $8.8m | Added +1.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 81.2k $7.7m | Added +2.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 80.8k $8.3m | Reduced -497 |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 78.4k $8.0m | Added +3.0k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 78.0k $8.0m | Reduced -507 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 75.2k $7.7m | Reduced -4.5k |
| MATTERN CAPITAL MANAGEMENT, LLC 1.01% of their portfolio | 72.7k $7.4m | Added +6.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio | 72.4k $7.4m | Reduced -6.8k |
| Cinctive Capital Management LP 0.38% of their portfolio | 72.1k $7.4m | Added +54.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 72.0k $7.4m | Reduced -7.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 70.5k $7.2m | Added +4.5k |
| LPL Financial LLC 0.00% of their portfolio | 67.6k $6.9m | Added +13.8k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 66.6k $6.8m | Added +5.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 63.6k $6.5m | Added +51.1k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 0.76% of their portfolio | 62.9k $6.4m | Reduced -1.5k |
| Davis Selected Advisers 0.04% of their portfolio | 61.4k $6.3m | Reduced -920 |
| Retirement Systems of Alabama 0.02% of their portfolio | 60.7k $6.2m | Added +22 |
| Long Pond Capital, LP 0.35% of their portfolio | 60.0k $6.1m | New |
| Fisher Asset Management, LLC 0.00% of their portfolio | 56.1k $5.7m | Reduced -177 |
| Aberdeen Group plc 0.01% of their portfolio | 54.8k $5.6m | Added +6.8k |
| Employees Retirement System of Texas 0.06% of their portfolio | 52.0k $5.3m | Reduced -17.0k |