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 ($23.3m this quarter). Holder counts are more reliable. Shares outstanding: 86.3m as of 2025-05-05, 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 ≈ $97.82. Options: 7 managers hold calls ($15.4m notional), 9 hold puts ($17.4m).
Trends to Q1 2025
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 |
| Q2 2024 | 451 |
| Q3 2024 | 504 |
| Q4 2024 | 489 |
| Q1 2025 | 480 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 205 | 177 |
| Q3 2023 | 202 | 181 |
| Q4 2023 | 211 | 191 |
| Q1 2024 | 205 | 205 |
| Q2 2024 | 214 | 187 |
| Q3 2024 | 269 | 175 |
| Q4 2024 | 247 | 217 |
| Q1 2025 | 244 | 220 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $18.5m | $8.8m | 0.47 |
| Q3 2024 | $21.1m | $6.1m | 0.29 |
| Q4 2024 | $18.0m | $5.0m | 0.28 |
| Q1 2025 | $15.4m | $17.4m | 1.13 |
Biggest buyers
| PGGM Investments | Added | +995.1k |
| HSBC HOLDINGS PLC | Added | +412.8k |
| Balyasny Asset Management L.P. | Added | +305.6k |
| Qube Research & Technologies Ltd | Added | +280.1k |
| RUSH ISLAND MANAGEMENT, LP | Added | +228.9k |
| APG Asset Management US Inc. | Added | +201.4k |
| GOLDMAN SACHS GROUP INC | Added | +184.6k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Added | +169.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +128.7k |
| BANK OF AMERICA CORP /DE/ | Added | +117.8k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -2.2m |
| DEUTSCHE BANK AG\ | Reduced | -880.6k |
| Clark Capital Management Group, Inc. | Sold out | -632.6k |
| Resolution Capital Ltd | Reduced | -602.7k |
| Invesco Ltd. | Reduced | -422.8k |
| Alyeska Investment Group, L.P. | Sold out | -363.0k |
| Gillson Capital LP | Sold out | -276.4k |
| Russell Investments Group, Ltd. | Reduced | -222.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -148.4k |
| Masterton Capital Management, LP | Reduced | -127.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $7.7m79.2k shares |
| JANE STREET GROUP, LLC | Reduced | $4.9m50.3k shares |
| CITADEL ADVISORS LLC | Reduced | $1.5m15.2k shares |
| SIMPLEX TRADING, LLC | Added | $821.0k8.4k shares |
| WOLVERINE TRADING, LLC | Added | $358.6k3.7k shares |
| Walleye Trading LLC | New | $39.1k400 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| JANE STREET GROUP, LLC | New | $9.0m91.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.1m31.5k shares |
| CITADEL ADVISORS LLC | Added | $3.0m30.9k shares |
| WOLVERINE TRADING, LLC | New | $1.6m16.1k shares |
| GROUP ONE TRADING LLC | New | $489.1k5.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $185.0k1.9k shares |
| BANK OF NOVA SCOTIA | Unchanged | $97.8k1.0k shares |
| Walleye Trading LLC | New | $39.1k400 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 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 |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 2 | $2.5m | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 2 | $6.4m | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 13.0m $1.3bn | Reduced -12.8k |
| BlackRock, Inc. 0.02% of their portfolio | 8.7m $854.0m | Reduced -65.6k |
| NORGES BANK 0.10% of their portfolio | 7.2m $708.4m | Added +1.2k |
| STATE STREET CORP 0.03% of their portfolio | 6.4m $626.2m | Added +111.8k |
| Resolution Capital Ltd 5.56% of their portfolio | 2.9m $285.7m | Reduced -602.7k |
| Invesco Ltd. 0.05% of their portfolio | 2.6m $257.3m | Reduced -422.8k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 2.4m $231.6m | Reduced -2.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 2.1m $207.4m | Added +89.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio | 1.8m $176.0m | Reduced -148.4k |
| ProShare Advisors LLC 0.36% of their portfolio | 1.6m $158.5m | Reduced -52.2k |
| RUSH ISLAND MANAGEMENT, LP 8.83% of their portfolio | 1.4m $138.7m | Added +228.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.3m $127.4m | Added +17.6k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.3m $125.2m | Added +44.9k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 1.23% of their portfolio | 1.2m $118.5m | Added +169.0k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.2m $114.4m | Added +3.4k |
| PGGM Investments 1.33% of their portfolio | 1.0m $98.5m | Added +995.1k |
| WESTWOOD HOLDINGS GROUP INC 0.73% of their portfolio | 995.2k $97.3m | Added +75.6k |
| MORGAN STANLEY 0.01% of their portfolio | 925.4k $90.5m | Added +78.7k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 916.2k $89.6m | Added +10.3k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 746.2k $72.6m | Added +412.8k |
| Legal & General Group Plc 0.02% of their portfolio | 736.6k $72.1m | Added +46.7k |
| Balyasny Asset Management L.P. 0.18% of their portfolio | 734.5k $71.9m | Added +305.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 700.4k $68.5m | Added +26.2k |
| Qube Research & Technologies Ltd 0.11% of their portfolio | 698.0k $68.3m | Added +280.1k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.04% of their portfolio | 693.7k $67.9m | Reduced -118.3k |
| FMR LLC 0.00% of their portfolio | 673.2k $65.9m | Added +92.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 617.5k $60.4m | Reduced -16.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 612.6k $59.9m | Added +184.6k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 562.4k $54.6m | Reduced -33.0k |
| Nuveen, LLC 0.02% of their portfolio | 531.8k $52.0m | First filing |
| Vest Financial, LLC 0.77% of their portfolio | 509.6k $49.8m | Added +11.3k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 472.9k $46.3m | Added +13.3k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 465.7k $45.6m | Reduced -880.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 463.0k $45.3m | Added +128.7k |
| NOMURA ASSET MANAGEMENT CO LTD 0.14% of their portfolio | 460.8k $45.1m | Added +13.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.08% of their portfolio | 420.4k $41.1m | Added +98.9k |
| APG Asset Management US Inc. 0.28% of their portfolio | 382.2k $37.1m | Added +201.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 360.7k $35.3m | Added +33.2k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 356.6k $34.9m | Reduced -62.6k |
| BARCLAYS PLC 0.02% of their portfolio | 354.9k $34.7m | Added +94.1k |
| UBS Group AG 0.01% of their portfolio | 348.1k $34.1m | Reduced -20.3k |
| STRS OHIO 0.13% of their portfolio | 329.0k $32.2m | Reduced -44.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 321.9k $31.5m | Added +117.8k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 306.7k $30.0m | Reduced -222.4k |
| Amundi 0.01% of their portfolio | 263.8k $24.5m | Added +42.2k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 226.4k $22.1m | Added +84.3k |
| Curi Capital, LLC 0.52% of their portfolio | 217.1k $21.2m | Added +77.9k |
| California Public Employees Retirement System 0.01% of their portfolio | 214.6k $21.0m | Added +65.7k |
| RWC Asset Management LLP 1.05% of their portfolio | 209.0k $20.4m | Reduced -9.5k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 196.2k $19.2m | Reduced -19.3k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 191.0k $18.7m | Reduced -40.6k |
| Lighthouse Investment Partners, LLC 0.81% of their portfolio | 182.0k $17.8m | Reduced -8.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 180.5k $17.7m | Added +22.3k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 171.1k $16.5m | Reduced -47.2k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 170.7k $16.7m | Added +26.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 169.9k $14.5m | Added +70.5k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 168.1k $16.4m | Added +12.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 157.1k $15.3m | Added +15.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 155.4k $15.2m | Added +917 |
| CITIGROUP INC 0.01% of their portfolio | 153.6k $15.0m | Reduced -33.6k |
| Asset Management One Co., Ltd. 0.05% of their portfolio | 151.6k $14.8m | Added +31.9k |
| BANK OF NOVA SCOTIA 0.03% of their portfolio | 149.7k $14.6m | Reduced -4.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 149.3k $14.6m | First filing |
| Swiss National Bank 0.01% of their portfolio | 148.1k $14.5m | Unchanged |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.14% of their portfolio | 141.3k $13.8m | Reduced -5.5k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.05% of their portfolio | 135.3k $13.2m | Reduced -2.8k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 134.3k $13.1m | Reduced -19.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 130.6k $12.8m | Added +6.0k |
| Rockefeller Capital Management L.P. 0.03% of their portfolio | 126.1k $12.3m | Added +50.2k |
| MIZUHO MARKETS AMERICAS LLC 0.27% of their portfolio | 124.9k $12.2m | Reduced -43.5k |
| Janney Montgomery Scott LLC 0.03% of their portfolio | 124.9k $12.2m | Added +8.8k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 120.8k $11.8m | Added +16.6k |
| Sophron Capital Management L.P. 4.00% of their portfolio | 120.1k $11.8m | Added +57.3k |
| State of Tennessee, Department of Treasury 0.04% of their portfolio | 112.2k $11.0m | Added +4.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 111.0k $10.9m | Reduced -52.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 108.5k $10.6m | Reduced -2.5k |
| AXA S.A. 0.03% of their portfolio | 103.6k $10.1m | Reduced -23.8k |
| Pacific Heights Asset Management LLC 0.66% of their portfolio | 100.0k $9.8m | Unchanged |
| Meiji Yasuda Asset Management Co Ltd. 0.38% of their portfolio | 95.7k $9.4m | Reduced -15.9k |
| Hudson Bay Capital Management LP 0.06% of their portfolio | 93.1k $9.1m | Reduced -54.5k |
| TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio | 84.9k $8.3m | New |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 84.4k $8.3m | Added +80.7k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 82.4k $8.1m | Added +3.2k |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 0.98% of their portfolio | 79.0k $7.7m | Added +20.7k |
| LPL Financial LLC 0.00% of their portfolio | 78.9k $7.7m | Reduced -4.4k |
| Squarepoint Ops LLC 0.02% of their portfolio | 75.6k $7.4m | Added +41.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 72.6k $7.1m | Added +1.5k |
| MATTERN CAPITAL MANAGEMENT, LLC 0.90% of their portfolio | 72.4k $7.1m | Added +1.7k |
| ALGERT GLOBAL LLC 0.17% of their portfolio | 71.7k $7.0m | Reduced -45.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 71.5k $7.0m | Reduced -48.5k |
| State of New Jersey Common Pension Fund D 0.03% of their portfolio | 71.5k $7.0m | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 71.2k $7.0m | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 69.9k $6.8m | Added +20.7k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 68.2k $6.7m | Added +2.2k |
| NAN FUNG TRINITY (HK) LTD 0.99% of their portfolio | 64.0k $6.3m | Added +15.3k |
| Retirement Systems of Alabama 0.02% of their portfolio | 60.6k $5.9m | Added +512 |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 60.3k $5.9m | Added +3.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 60.2k $5.9m | Added +1.8k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.02% of their portfolio | 60.1k $5.9m | Reduced -7.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 57.7k $5.6m | Added +24 |