GLADSTONE LD CORP LAND
COM · REIT · CUSIP 376549101
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersMclean, VA
- 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 ($132.4k this quarter). Holder counts are more reliable. Shares outstanding: 37.3m as of 2025-11-04, 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 ≈ $9.15. Options: 7 managers hold calls ($1.9m notional), 3 hold puts ($521.5k).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 182 |
| Q4 2022 | 184 |
| Q1 2023 | 186 |
| Q2 2023 | 167 |
| Q3 2023 | 166 |
| Q4 2023 | 177 |
| Q1 2024 | 179 |
| Q2 2024 | 168 |
| Q3 2024 | 180 |
| Q4 2024 | 183 |
| Q1 2025 | 185 |
| Q2 2025 | 171 |
| Q3 2025 | 173 |
| Q4 2025 | 178 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 73 | 85 |
| Q2 2024 | 75 | 83 |
| Q3 2024 | 76 | 73 |
| Q4 2024 | 80 | 84 |
| Q1 2025 | 100 | 70 |
| Q2 2025 | 84 | 77 |
| Q3 2025 | 90 | 69 |
| Q4 2025 | 73 | 91 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $2.0m | $1.5m | 0.79 |
| Q2 2025 | $1.7m | $1.6m | 0.92 |
| Q3 2025 | $1.3m | $1.4m | 1.10 |
| Q4 2025 | $1.9m | $521.5k | 0.27 |
Biggest buyers
| MARSHALL WACE, LLP | New | +270.6k |
| PFG Investments, LLC | Added | +254.0k |
| TWO SIGMA INVESTMENTS, LP | Added | +246.6k |
| TWO SIGMA ADVISERS, LP | Added | +246.3k |
| JANE STREET GROUP, LLC | Added | +163.9k |
| GSA CAPITAL PARTNERS LLP | Added | +153.4k |
| ExodusPoint Capital Management, LP | New | +102.6k |
| NewEdge Advisors, LLC | Added | +65.9k |
| Quantinno Capital Management LP | Added | +62.3k |
| Point72 Asset Management, L.P. | New | +59.1k |
Biggest sellers
| Amundi | Sold out | -1.2m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -201.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -126.8k |
| Accordant Advisory Group Inc | Reduced | -125.4k |
| Pullen Investment Management, LLC | Sold out | -86.3k |
| GOLDMAN SACHS GROUP INC | Reduced | -70.9k |
| BARD ASSOCIATES INC | Reduced | -61.2k |
| CITADEL ADVISORS LLC | Sold out | -52.5k |
| Bank of New York Mellon Corp | Reduced | -50.8k |
| ROYAL BANK OF CANADA | Reduced | -49.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $540.8k59.1k shares |
| SIMPLEX TRADING, LLC | Added | $324.8k35.5k shares |
| JANE STREET GROUP, LLC | Added | $323.0k35.3k shares |
| CITADEL ADVISORS LLC | Reduced | $280.0k30.6k shares |
| IMC-Chicago, LLC | New | $226.9k24.8k shares |
| BANK OF MONTREAL /CAN/ | Unchanged | $219.6k24.0k shares |
| GROUP ONE TRADING LLC | New | $21.0k2.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $235.2k25.7k shares |
| CITADEL ADVISORS LLC | Reduced | $151.9k16.6k shares |
| SIMPLEX TRADING, LLC | Added | $134.5k14.7k 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.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales in Q4 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 |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 1 | $72.7k | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 3.5m $31.6m | Added +34.4k |
| BlackRock, Inc. 0.00% of their portfolio | 3.0m $27.3m | Reduced -13.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 935.5k $8.6m | Reduced -23.3k |
| STATE STREET CORP 0.00% of their portfolio | 690.7k $6.3m | Reduced -15.8k |
| ProShare Advisors LLC 0.01% of their portfolio | 654.8k $6.0m | Reduced -43.4k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 360.2k $3.3m | Added +246.6k |
| NewEdge Advisors, LLC 0.01% of their portfolio | 332.3k $3.0m | Added +65.9k |
| PFG Investments, LLC 0.13% of their portfolio | 295.5k $2.7m | Added +254.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 289.6k $2.6m | Reduced -31.5k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 285.8k $2.6m | Added +246.3k |
| MORGAN STANLEY 0.00% of their portfolio | 280.3k $2.6m | Added +4.0k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 270.6k $2.5m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 252.7k $2.3m | Reduced -70.9k |
| GSA CAPITAL PARTNERS LLP 0.19% of their portfolio | 239.7k $2.2m | Added +153.4k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 211.6k $1.9m | Added +163.9k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 193.0k $1.8m | Unchanged |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 159.1k $1.5m | Reduced -20.8k |
| GLOBAL STRATEGIC MANAGEMENT INC 1.18% of their portfolio | 155.2k $1.4m | First filing |
| SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC 0.25% of their portfolio | 134.8k $1.2m | Reduced -8.1k |
| Quantinno Capital Management LP 0.00% of their portfolio | 134.7k $1.2m | Added +62.3k |
| Accordant Advisory Group Inc 0.81% of their portfolio | 128.7k $1.2m | Reduced -125.4k |
| BARCLAYS PLC 0.00% of their portfolio | 122.0k $1.1m | Added +14.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 109.7k $1.0m | Reduced -50.8k |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 102.6k $938.4k | New |
| Farther Finance Advisors, LLC 0.01% of their portfolio | 100.7k $921.0k | Added +2.3k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 100.0k $915.2k | Added +16.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 98.4k $900.6k | Reduced -118 |
| MARATHON CAPITAL MANAGEMENT 0.19% of their portfolio | 95.6k $875.0k | Reduced -24.2k |
| Moors & Cabot, Inc. 0.04% of their portfolio | 90.0k $823.4k | Reduced -24.2k |
| Nuveen, LLC 0.00% of their portfolio | 88.4k $808.4k | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 82.0k $750.0k | Reduced -201.6k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 78.9k $721.0k | Reduced -18.8k |
| Oakum Bay Capital LLC 0.34% of their portfolio | 72.7k $665.2k | First filing |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 70.5k $645.4k | Added +42.3k |
| Invesco Ltd. 0.00% of their portfolio | 68.5k $626.3k | Added +3.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 63.1k $577.8k | Added +12.1k |
| FMR LLC 0.00% of their portfolio | 59.5k $544.3k | Added +31.1k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 59.1k $540.8k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 57.4k $525.1k | Unchanged |
| Creative Planning 0.00% of their portfolio | 57.2k $523.7k | Added +22.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 55.0k $503.0k | Reduced -49.0k |
| UBS Group AG 0.00% of their portfolio | 52.1k $477.1k | Reduced -22.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 51.1k $468.0k | Added +19.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 49.9k $456.4k | Added +4.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 48.7k $445.3k | Added +1.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 48.3k $442.2k | Reduced -6.6k |
| NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio | 48.0k $439.2k | Unchanged |
| Asset Management One Co., Ltd. 0.00% of their portfolio | 47.8k $425.2k | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 47.7k $436.2k | Reduced -7.0k |
| AlphaQuest LLC 0.02% of their portfolio | 46.6k $426.7k | Reduced -14.3k |
| Csenge Advisory Group 0.02% of their portfolio | 43.6k $398.8k | Added +22.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 41.0k $375.2k | Reduced -126.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 39.6k $362.3k | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 38.5k $352.3k | Reduced -7.4k |
| Ballentine Partners, LLC 0.00% of their portfolio | 37.9k $346.8k | Reduced -16.9k |
| TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio | 36.5k $333.8k | New |
| Focus Partners Wealth 0.00% of their portfolio | 30.8k $281.6k | New |
| Fund Advisors of America Inc/FL 0.25% of their portfolio | 29.9k $273.9k | First filing |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 29.0k $265.0k | Reduced -30.4k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 27.7k $253.5k | New |
| Verition Fund Management LLC 0.00% of their portfolio | 27.6k $252.5k | Reduced -4.8k |
| FOX RUN MANAGEMENT, L.L.C. 0.04% of their portfolio | 25.8k $236.5k | New |
| EntryPoint Capital, LLC 0.09% of their portfolio | 25.7k $235.5k | Added +3.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 25.4k $231.9k | Unchanged |
| Quantbot Technologies LP 0.01% of their portfolio | 25.4k $232.0k | Added +24.2k |
| Corient Private Wealth LP 0.00% of their portfolio | 24.9k $228.1k | New |
| ALPS ADVISORS INC 0.00% of their portfolio | 24.4k $223.3k | New |
| Comprehensive Money Management Services LLC 0.15% of their portfolio | 24.0k $219.4k | Unchanged |
| PharVision Advisers, LLC 0.11% of their portfolio | 22.9k $209.2k | New |
| Cerity Partners LLC 0.00% of their portfolio | 22.6k $207.2k | Added +9.5k |
| Engineers Gate Manager LP 0.00% of their portfolio | 22.1k $202.5k | New |
| Graham Capital Management, L.P. 0.01% of their portfolio | 21.0k $192.0k | Reduced -5.7k |
| Abel Hall, LLC 0.04% of their portfolio | 20.2k $184.9k | Reduced -485 |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 19.9k $182.2k | New |
| Orchard Capital Management, LLC 0.16% of their portfolio | 19.7k $180.2k | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 19.7k $179.9k | Reduced -29.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 19.4k $177.4k | Reduced -2.0k |
| QUADRANT CAPITAL GROUP LLC 0.01% of their portfolio | 18.5k $169.3k | Added +2.5k |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 18.3k $166.0k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 18.0k $164.8k | Reduced -3.8k |
| Sigma Planning Corp 0.00% of their portfolio | 17.8k $163.1k | Added +1.2k |
| Bahl & Gaynor LLC 0.00% of their portfolio | 17.1k $156.2k | Added +600 |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 16.9k $154.9k | Reduced -112 |
| MetLife Investment Management, LLC 0.00% of their portfolio | 16.0k $146.6k | Added +2.2k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 15.9k $145.1k | Added +21 |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 15.4k $141.3k | New |
| Resona Asset Management Co.,Ltd. 0.00% of their portfolio | 15.4k $137.0k | Unchanged |
| Jump Financial, LLC 0.00% of their portfolio | 15.1k $137.9k | New |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 14.7k $134.1k | Unchanged |
| Trueblood Wealth Management, LLC 0.05% of their portfolio | 14.0k $128.1k | Unchanged |
| COMMERCE BANK 0.00% of their portfolio | 13.8k $126.1k | Unchanged |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 12.8k $117.0k | Added +750 |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 12.7k $116.2k | Added +1.2k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 12.7k $116.0k | Reduced -4.2k |
| Gilman Hill Asset Management, LLC 0.02% of their portfolio | 12.5k $114.4k | Reduced -7.5k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 11.9k $108.6k | New |
| Inscription Capital, LLC 0.01% of their portfolio | 11.7k $107.3k | New |
| US BANCORP \DE\ 0.00% of their portfolio | 11.7k $106.6k | Added +569 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 11.6k $106.1k | Reduced -1.2k |
| LRI Investments, LLC 0.01% of their portfolio | 11.4k $104.0k | Unchanged |