FRANKLIN STR PPTYS CORP FSP
COM · REIT · CUSIP 35471R106
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersWakefield, MA
- 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 ($7.1k this quarter). Holder counts are more reliable. Shares outstanding: 104.0m as of 2026-07-23, 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 ≈ $0.52. Options: 0 managers hold calls (— notional), 2 hold puts ($20.9k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 182 |
| Q4 2022 | 173 |
| Q1 2023 | 149 |
| Q2 2023 | 127 |
| Q3 2023 | 117 |
| Q4 2023 | 123 |
| Q1 2024 | 130 |
| Q2 2024 | 117 |
| Q3 2024 | 122 |
| Q4 2024 | 115 |
| Q1 2025 | 116 |
| Q2 2025 | 116 |
| Q3 2025 | 122 |
| Q4 2025 | 117 |
| Q1 2026 | 117 |
| Q2 2026 | 112 |
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 2024 | 52 | 48 |
| Q4 2024 | 40 | 50 |
| Q1 2025 | 38 | 47 |
| Q2 2025 | 40 | 55 |
| Q3 2025 | 44 | 48 |
| Q4 2025 | 45 | 53 |
| Q1 2026 | 51 | 45 |
| Q2 2026 | 55 | 64 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $4.8k | $16.6k | 3.45 |
| Q1 2026 | $2.9k | $28.7k | 9.82 |
| Q2 2026 | $0 | $20.9k | — |
Biggest buyers
| JANE STREET GROUP, LLC | New | +854.7k |
| AQR CAPITAL MANAGEMENT LLC | Added | +615.4k |
| CITADEL ADVISORS LLC | Added | +542.9k |
| MILLENNIUM MANAGEMENT LLC | New | +524.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +412.7k |
| MARSHALL WACE, LLP | New | +252.4k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +224.4k |
| Cambria Investment Management, L.P. | Added | +210.7k |
| Qube Research & Technologies Ltd | Added | +189.2k |
| Integrated Wealth Concepts LLC | Added | +173.9k |
Biggest sellers
| BlackRock, Inc. | Reduced | -4.6m |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -1.4m |
| UBS Group AG | Reduced | -1.3m |
| STATE STREET CORP | Reduced | -1.2m |
| Madison Avenue Partners, LP | Sold out | -1.1m |
| MORGAN STANLEY | Reduced | -570.9k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Sold out | -533.6k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Sold out | -501.4k |
| NORTHERN TRUST CORP | Reduced | -427.5k |
| BI Asset Management Fondsmaeglerselskab A/S | Reduced | -279.6k |
Biggest calls
| None |
Biggest puts
| SIMPLEX TRADING, LLC | Unchanged | $14.2k27.5k shares |
| CITADEL ADVISORS LLC | Reduced | $6.7k13.1k 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 |
|---|---|
| PRIVATE MANAGEMENT GROUP INC 13G · institution filed 2024-11-05 | 8.9% |
Powell Anderson Capital Partners LLC
13D · may seek influence
new · filed 2026-10-14
Stated purposeThe Reporting Persons purchased the Shares based on the Reporting Persons' belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable. The Reporting Persons do not have any present plan or proposal which would relate to or result in any of the matters set… Full filing |
6.8% |
Converium Capital Inc.
13D · may seek influence
no change · filed 2025-10-15
Stated purposeFollowing the resignation of Bruce Schanzer from the Board and pursuant to the terms of the Cooperation Agreement, Converium and the Issuer agreed to appoint Jennifer Bitterman ("Ms. Bitterman") to the Board as a Replacement Director (as defined in the Cooperation Agreement). In connection therewith, Converium and the Converium Funds entered into a letter agreement with the Issuer on October 15, 2025 (the "Letter Agreement"), setting forth the terms of Ms. Bitterman's appointment to the Board. The full text of the Letter Agreement is included as Exhibit 99.3 and is incorporated by reference herein. Full filing |
6.3% |
Fell to 5% or below in the last year: BANK OF AMERICA CORP /DE/ (4.7%, 2026-10-28), BlackRock, Inc. (1.3%, 2026-07-28), Odle Jonathan Bennett (2.9%, 2025-11-12)
Insider purchases and sales since 1 Apr 2026
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 2024 | 2 | $404.6k | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| PRIVATE MANAGEMENT GROUP INC 0.14% of their portfolio | 10.2m $5.2m | Added +107.6k |
| Newtyn Management, LLC 0.46% of their portfolio | 7.2m $3.7m | Unchanged |
| Converium Capital Inc. 1.36% of their portfolio | 6.6m $3.4m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 4.8m $2.5m | Reduced -174.1k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 3.7m $1.9m | Added +120.5k |
| GUARDSMAN PRIVATE CAPITAL MANAGEMENT, INC. 1.04% of their portfolio | 2.9m $1.5m | Unchanged |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 2.0m $1.0m | Reduced -212.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 1.9m $987.2k | Added +224.4k |
| BlackRock, Inc. 0.00% of their portfolio | 1.4m $716.1k | Reduced -4.6m |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 1.2m $634.3k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 1.2m $605.2k | Reduced -570.9k |
| Cambria Investment Management, L.P. 0.03% of their portfolio | 1.1m $559.6k | Added +210.7k |
| RBF Capital, LLC 0.02% of their portfolio | 958.5k $493.6k | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 938.9k $483.5k | Added +615.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 909.8k $468.7k | Reduced -1.4m |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 854.7k $440.2k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 655.0k $337.3k | Added +542.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 566.8k $291.9k | Added +27.5k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 524.7k $270.2k | New |
| GSA CAPITAL PARTNERS LLP 0.02% of their portfolio | 499.5k $257.0k | Reduced -21.5k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 490.6k $252.7k | Reduced -32.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 442.8k $228.0k | Added +412.7k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 423.3k $218.1k | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 420.2k $216.4k | Reduced -1.2m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 399.2k $205.6k | Reduced -197.9k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 383.9k $197.7k | Reduced -43.9k |
| WITTENBERG INVESTMENT MANAGEMENT, INC. 0.06% of their portfolio | 332.7k $171.3k | Added +172.3k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 310.3k $159.8k | Added +189.2k |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 296.2k $152.6k | Added +173.9k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 268.8k $138.4k | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 252.4k $131.2k | New |
| XTX Topco Ltd 0.00% of their portfolio | 232.0k $119.5k | Added +104.2k |
| Summit Trail Advisors, LLC 0.00% of their portfolio | 201.3k $103.7k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 198.9k $102.4k | Reduced -427.5k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 146.4k $75.4k | Reduced -4.0k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 137.8k $71.0k | Reduced -89.2k |
| HRT FINANCIAL LP 0.00% of their portfolio | 134.8k $69.0k | New |
| Asset Management One Co., Ltd. 0.00% of their portfolio | 123.2k $63.5k | Unchanged |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 114.9k $59.2k | Added +81.0k |
| BI Asset Management Fondsmaeglerselskab A/S 0.00% of their portfolio | 109.2k $57.0k | Reduced -279.6k |
| NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio | 95.2k $49.0k | Unchanged |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 86.3k $44.4k | New |
| Virtu Financial LLC 0.00% of their portfolio | 79.6k $41.0k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 75.4k $38.0k | Added +15.9k |
| Cerity Partners LLC 0.00% of their portfolio | 70.3k $36.2k | Added +18.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 66.5k $34.3k | Unchanged |
| BFSG, LLC 0.00% of their portfolio | 64.4k $33.2k | Reduced -2.1k |
| Invesco Ltd. 0.00% of their portfolio | 63.2k $32.5k | Reduced -50.0k |
| Ground Swell Capital, LLC 0.03% of their portfolio | 60.7k $31.2k | New |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 60.3k $31.0k | Reduced -1.3k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 53.6k $27.6k | Unchanged |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 44.6k $23.0k | New |
| Secure Asset Management, LLC 0.00% of their portfolio | 41.7k $21.5k | Added +6.7k |
| Resona Asset Management Co.,Ltd. 0.00% of their portfolio | 37.0k $19.6k | Unchanged |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 36.8k $19.3k | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 34.4k $17.6k | Added +24.1k |
| Mariner, LLC 0.00% of their portfolio | 32.1k $16.5k | Added +21.8k |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 27.6k $14.2k | Reduced -242 |
| UBS Group AG 0.00% of their portfolio | 26.9k $13.8k | Reduced -1.3m |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 26.0k $13.4k | Added +15.2k |
| &PARTNERS 0.00% of their portfolio | 25.0k $12.9k | Reduced -5.4k |
| Callan Family Office, LLC 0.00% of their portfolio | 23.9k $12.3k | Reduced -66.5k |
| GTS SECURITIES LLC 0.00% of their portfolio | 23.3k $12.0k | New |
| Beartown Capital Management, LLC 0.00% of their portfolio | 19.9k $10.2k | Unchanged |
| COLDSTREAM CAPITAL MANAGEMENT INC 0.00% of their portfolio | 19.8k $10.2k | Reduced -1.1k |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 18.3k $9.4k | New |
| Creative Planning 0.00% of their portfolio | 17.8k $9.2k | New |
| Sumitomo Mitsui DS Asset Management Company, Ltd 0.00% of their portfolio | 15.1k $7.8k | Unchanged |
| Glenview Trust Co 0.00% of their portfolio | 14.6k $7.5k | Reduced -3.1k |
| Arax Advisory Partners 0.00% of their portfolio | 14.4k $7.4k | Added +14.4k |
| NISSAY ASSET MANAGEMENT CORP /JAPAN 0.00% of their portfolio | 13.7k $7.1k | Reduced -109 |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 13.2k $6.8k | New |
| BRIGHTON JONES LLC 0.00% of their portfolio | 12.2k $6.3k | New |
| Greenspring Advisors, LLC 0.00% of their portfolio | 11.6k $6.0k | Unchanged |
| FMR LLC 0.00% of their portfolio | 10.9k $5.6k | Reduced -80.5k |
| FIDELIS CAPITAL PARTNERS, LLC 0.00% of their portfolio | 10.9k $5.6k | New |
| Pallas Capital Advisors LLC 0.00% of their portfolio | 10.6k $5.5k | New |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 10.6k $5.4k | Added +420 |
| Merit Financial Group, LLC 0.00% of their portfolio | 10.4k $5.4k | New |
| TWO SIGMA SECURITIES, LLC 0.00% of their portfolio | 10.4k $5.3k | New |
| StoneX Group Inc. 0.00% of their portfolio | 10.3k $5.5k | New |
| JNBA Financial Advisors 0.00% of their portfolio | 10.0k $5.2k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 9.2k $4.7k | Reduced -9.2k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 7.5k $3.9k | Reduced -19.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 6.6k $3.5k | Reduced -37.2k |
| OAKWORTH CAPITAL, INC. 0.00% of their portfolio | 2.5k $1.3k | Unchanged |
| North Star Investment Management Corp. 0.00% of their portfolio | 2.4k $1.2k | Unchanged |
| MetLife Investment Management, LLC 0.00% of their portfolio | 2.2k $1.2k | Reduced -9 |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 2.1k $1.1k | Reduced -12.1k |
| HARBOR CAPITAL ADVISORS, INC. 0.00% of their portfolio | 1.9k $1.0k | Added +729 |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 1.9k $988 | Added +1.1k |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 1.8k $927 | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 1.7k $873 | Added +1.2k |
| Covestor Ltd 0.00% of their portfolio | 1.6k $1.0k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 1.4k $698 | Reduced -18.4k |
| Essential Partners LLC 0.00% of their portfolio | 1.3k $689 | Reduced -1.5k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 1.3k $670 | Unchanged |
| Bare Financial Services, Inc 0.00% of their portfolio | 980 $505 | New |
| GAMMA Investing LLC 0.00% of their portfolio | 777 $400 | Reduced -8 |
| Transamerica Financial Advisors, LLC 0.00% of their portfolio | 479 $246 | New |