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 ($17.0m this quarter). Holder counts are more reliable. Shares outstanding: 86.3m as of 2025-08-01, 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 ≈ $94.58. Options: 9 managers hold calls ($18.5m notional), 10 hold puts ($7.2m).
Trends to Q2 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 |
| Q2 2025 | 489 |
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 | 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 |
| Q2 2025 | 291 | 188 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $21.1m | $6.1m | 0.29 |
| Q4 2024 | $18.0m | $5.0m | 0.28 |
| Q1 2025 | $15.4m | $17.4m | 1.13 |
| Q2 2025 | $18.5m | $7.2m | 0.39 |
Biggest buyers
| Woodline Partners LP | New | +519.9k |
| GRS Advisors, LLC | New | +500.2k |
| Masterton Capital Management, LP | Added | +368.8k |
| Resolution Capital Ltd | Added | +344.2k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | Added | +280.9k |
| Sumitomo Mitsui Trust Group, Inc. | Added | +270.8k |
| VANGUARD GROUP INC | Added | +244.9k |
| PGGM Investments | Added | +238.7k |
| Schonfeld Strategic Advisors LLC | New | +198.5k |
| RUSH ISLAND MANAGEMENT, LP | Added | +188.1k |
Biggest sellers
| WESTWOOD HOLDINGS GROUP INC | Reduced | -768.5k |
| BlackRock, Inc. | Reduced | -708.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -594.2k |
| JPMORGAN CHASE & CO | Reduced | -568.2k |
| Nuveen, LLC | Reduced | -325.3k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Reduced | -322.6k |
| Balyasny Asset Management L.P. | Reduced | -260.5k |
| STRS OHIO | Reduced | -240.3k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -218.8k |
| ROYAL BANK OF CANADA | Reduced | -198.0k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $12.0m126.1k shares |
| CITADEL ADVISORS LLC | Added | $3.1m32.7k shares |
| Walleye Trading LLC | Added | $949.9k10.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $683.9k7.2k shares |
| MILLENNIUM MANAGEMENT LLC | New | $664.9k7.0k shares |
| PEAK6 LLC | New | $399.0k4.2k shares |
| Twin Tree Management, LP | New | $361.0k3.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $332.0k3.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| PEAK6 LLC | New | $2.1m21.8k shares |
| CITADEL ADVISORS LLC | Reduced | $1.9m20.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.3m13.7k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $664.9k70 shares |
| WOLVERINE TRADING, LLC | Reduced | $501.7k5.3k shares |
| JANE STREET GROUP, LLC | Reduced | $399.0k4.2k shares |
| SIMPLEX TRADING, LLC | Added | $341.0k3.6k shares |
| Walleye Trading LLC | Reduced | $19.0k200 shares |
| Twin Tree Management, LP | New | $9.5k100 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 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 | — | 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 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 13.3m $1.3bn | Added +244.9k |
| BlackRock, Inc. 0.01% of their portfolio | 8.0m $762.0m | Reduced -708.1k |
| NORGES BANK 0.09% of their portfolio | 7.3m $690.5m | Added +27.9k |
| STATE STREET CORP 0.02% of their portfolio | 6.6m $624.9m | Added +176.6k |
| Resolution Capital Ltd 6.15% of their portfolio | 3.3m $310.1m | Added +344.2k |
| Invesco Ltd. 0.04% of their portfolio | 2.7m $257.7m | Added +82.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.2m $205.5m | Added +44.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.8m $171.0m | Reduced -568.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 1.7m $163.6m | Reduced -76.7k |
| ProShare Advisors LLC 0.32% of their portfolio | 1.7m $161.6m | Added +80.1k |
| RUSH ISLAND MANAGEMENT, LP 9.93% of their portfolio | 1.6m $152.5m | Added +188.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.3m $127.0m | Added +34.3k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.3m $119.5m | Reduced -21.4k |
| PGGM Investments 2.05% of their portfolio | 1.2m $118.3m | Added +238.7k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 1.23% of their portfolio | 1.2m $118.1m | Added +32.5k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.2m $112.4m | Added +13.6k |
| MORGAN STANLEY 0.01% of their portfolio | 992.1k $94.2m | Added +66.8k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 940.1k $89.3m | Added +24.0k |
| Qube Research & Technologies Ltd 0.11% of their portfolio | 809.5k $76.9m | Added +111.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 763.4k $72.5m | Added +145.9k |
| Legal & General Group Plc 0.02% of their portfolio | 760.1k $72.2m | Added +23.5k |
| FMR LLC 0.00% of their portfolio | 709.7k $67.4m | Added +36.5k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 649.9k $61.4m | Reduced -96.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 635.3k $60.4m | Added +22.8k |
| Vest Financial, LLC 0.76% of their portfolio | 564.2k $53.6m | Added +54.6k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 521.0k $49.5m | Reduced -41.4k |
| Woodline Partners LP 0.26% of their portfolio | 519.9k $49.4m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 501.6k $47.6m | Added +38.6k |
| GRS Advisors, LLC 4.57% of their portfolio | 500.2k $47.5m | New |
| NOMURA ASSET MANAGEMENT CO LTD 0.13% of their portfolio | 496.3k $47.1m | Added +35.4k |
| Balyasny Asset Management L.P. 0.10% of their portfolio | 474.1k $45.0m | Reduced -260.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 460.1k $43.7m | Added +138.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 401.4k $38.1m | Added +270.8k |
| Masterton Capital Management, LP 5.05% of their portfolio | 397.5k $8.4m | Added +368.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio | 371.1k $35.3m | Reduced -49.3k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.53% of their portfolio | 371.1k $35.3m | Reduced -322.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 367.8k $34.9m | Added +7.1k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 354.6k $33.7m | Reduced -111.1k |
| BARCLAYS PLC 0.01% of their portfolio | 337.7k $32.1m | Reduced -17.2k |
| APG Asset Management US Inc. 0.22% of their portfolio | 314.5k $29.6m | Reduced -67.7k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 312.8k $29.7m | Reduced -43.8k |
| UBS Group AG 0.01% of their portfolio | 312.1k $29.6m | Reduced -36.0k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 1.15% of their portfolio | 296.4k $28.2m | Added +280.9k |
| Curi Capital, LLC 0.52% of their portfolio | 290.7k $27.6m | Added +73.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 274.9k $26.1m | Reduced -198.0k |
| Rockefeller Capital Management L.P. 0.03% of their portfolio | 260.5k $24.7m | Added +134.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 243.0k $19.6m | Added +73.1k |
| WESTWOOD HOLDINGS GROUP INC 0.15% of their portfolio | 226.6k $21.5m | Reduced -768.5k |
| California Public Employees Retirement System 0.01% of their portfolio | 216.7k $20.6m | Added +2.1k |
| Nuveen, LLC 0.01% of their portfolio | 206.5k $19.6m | Reduced -325.3k |
| RWC Asset Management LLP 0.99% of their portfolio | 198.6k $18.9m | Reduced -10.5k |
| Schonfeld Strategic Advisors LLC 0.14% of their portfolio | 198.5k $18.9m | New |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 195.4k $18.5m | Added +74.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 187.3k $17.8m | Added +6.8k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 180.1k $17.1m | Reduced -10.9k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 177.2k $16.8m | Added +6.5k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 169.1k $15.9m | Reduced -2.0k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 165.2k $15.7m | Reduced -31.0k |
| Amundi 0.01% of their portfolio | 164.3k $15.6m | Reduced -99.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 157.6k $14.9m | Added +467 |
| Swiss National Bank 0.01% of their portfolio | 155.6k $14.8m | Added +7.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 154.6k $14.7m | Reduced -853 |
| CITIGROUP INC 0.01% of their portfolio | 151.5k $14.4m | Reduced -2.1k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 148.6k $14.1m | Reduced -158.1k |
| Asset Management One Co., Ltd. 0.04% of their portfolio | 144.0k $13.7m | Reduced -7.6k |
| Edgestream Partners, L.P. 0.37% of their portfolio | 138.8k $13.2m | Added +93.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.04% of their portfolio | 137.9k $13.1m | Added +2.6k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 132.6k $12.6m | Reduced -1.7k |
| Sophron Capital Management L.P. 3.62% of their portfolio | 124.6k $11.8m | Added +4.5k |
| Janney Montgomery Scott LLC 0.03% of their portfolio | 121.1k $11.5m | Reduced -3.8k |
| Susquehanna Portfolio Strategies, LLC 0.25% of their portfolio | 120.4k $11.4m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 120.2k $11.4m | Added +11.7k |
| State of Tennessee, Department of Treasury 0.04% of their portfolio | 119.5k $11.4m | Added +7.3k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.11% of their portfolio | 119.1k $11.3m | Reduced -22.2k |
| BANK OF NOVA SCOTIA 0.02% of their portfolio | 116.6k $11.1m | Reduced -33.1k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 108.7k $10.3m | Reduced -59.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 106.3k $10.1m | Reduced -594.2k |
| TUDOR INVESTMENT CORP ET AL 0.08% of their portfolio | 106.1k $10.1m | Added +21.1k |
| Freestone Grove Partners LP 0.08% of their portfolio | 106.1k $10.1m | Added +90.4k |
| PRIVATE MANAGEMENT GROUP INC 0.32% of their portfolio | 104.4k $9.9m | New |
| MIZUHO MARKETS AMERICAS LLC 0.32% of their portfolio | 102.2k $9.7m | Reduced -22.7k |
| Pacific Heights Asset Management LLC 0.51% of their portfolio | 100.0k $9.5m | Unchanged |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 97.5k $9.3m | Added +70.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 95.3k $9.1m | Reduced -54.0k |
| Meiji Yasuda Asset Management Co Ltd. 0.45% of their portfolio | 94.8k $9.0m | Reduced -898 |
| Hudson Bay Capital Management LP 0.06% of their portfolio | 93.1k $8.8m | Unchanged |
| STRS OHIO 0.03% of their portfolio | 88.7k $8.4m | Reduced -240.3k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.25% of their portfolio | 86.5k $8.2m | New |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 82.6k $7.8m | Added +210 |
| Eisler Capital Management Ltd. 0.26% of their portfolio | 78.7k $7.5m | New |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 0.82% of their portfolio | 78.6k $7.5m | Reduced -375 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 78.5k $7.5m | Added +5.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 75.7k $7.2m | Added +4.2k |
| LPL Financial LLC 0.00% of their portfolio | 75.3k $7.1m | Reduced -3.6k |
| MATTERN CAPITAL MANAGEMENT, LLC 0.85% of their portfolio | 74.1k $7.0m | Added +1.7k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 73.7k $7.0m | Added +5.5k |
| State of New Jersey Common Pension Fund D 0.03% of their portfolio | 73.0k $6.9m | Added +1.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 71.8k $6.8m | Added +570 |
| Squarepoint Ops LLC 0.01% of their portfolio | 71.4k $6.8m | Reduced -4.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 65.4k $6.2m | Reduced -4.5k |