Vault-13

GLADSTONE LD CORP LAND

COM · REIT · CUSIP 376549101

178 institutional holders +5 vs Q3 2025
15,801,26415.8m shares reported held*
42.4% of all shares outstanding*
$144.6mreported value*
27 new 46 added 66 reduced 25 sold out net sold ≈ $3.7m (-405.3k shares)

* 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

0100200Q3 22: 182Q4 22: 184Q1 23: 186Q2 23: 167Q3 23: 166Q4 23: 177Q1 24: 179Q2 24: 168Q3 24: 180Q4 24: 183Q1 25: 185Q2 25: 171Q3 25: 173Q4 25: 178178Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022182
Q4 2022184
Q1 2023186
Q2 2023167
Q3 2023166
Q4 2023177
Q1 2024179
Q2 2024168
Q3 2024180
Q4 2024183
Q1 2025185
Q2 2025171
Q3 2025173
Q4 2025178

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q1 24: 73 bought or addedQ1 24: 85 cut or sold outQ2 24: 75 bought or addedQ2 24: 83 cut or sold outQ2 24Q3 24: 76 bought or addedQ3 24: 73 cut or sold outQ4 24: 80 bought or addedQ4 24: 84 cut or sold outQ4 24Q1 25: 100 bought or addedQ1 25: 70 cut or sold outQ2 25: 84 bought or addedQ2 25: 77 cut or sold outQ2 25Q3 25: 90 bought or addedQ3 25: 69 cut or sold outQ4 25: 73 bought or addedQ4 25: 91 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20247385
Q2 20247583
Q3 20247673
Q4 20248084
Q1 202510070
Q2 20258477
Q3 20259069
Q4 20257391

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5m$2mQ1 25 calls: $2.0mQ1 25 puts: $1.5mQ1 25P/C 0.79Q2 25 calls: $1.7mQ2 25 puts: $1.6mQ2 25P/C 0.92Q3 25 calls: $1.3mQ3 25 puts: $1.4mQ3 25P/C 1.10Q4 25 calls: $1.9mQ4 25 puts: $521.5kQ4 25P/C 0.27
Numbers
QuarterCallsPutsP/C
Q1 2025$2.0m$1.5m0.79
Q2 2025$1.7m$1.6m0.92
Q3 2025$1.3m$1.4m1.10
Q4 2025$1.9m$521.5k0.27

Biggest buyers

MARSHALL WACE, LLP New +270,556+270.6k
PFG Investments, LLC Added +254,015+254.0k
TWO SIGMA INVESTMENTS, LP Added +246,559+246.6k
TWO SIGMA ADVISERS, LP Added +246,300+246.3k
JANE STREET GROUP, LLC Added +163,916+163.9k
GSA CAPITAL PARTNERS LLP Added +153,375+153.4k
ExodusPoint Capital Management, LP New +102,561+102.6k
NewEdge Advisors, LLC Added +65,857+65.9k
Quantinno Capital Management LP Added +62,317+62.3k
Point72 Asset Management, L.P. New +59,106+59.1k

Biggest sellers

Amundi Sold out -1,182,821-1.2m
MILLENNIUM MANAGEMENT LLC Reduced -201,574-201.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -126,790-126.8k
Accordant Advisory Group Inc Reduced -125,383-125.4k
Pullen Investment Management, LLC Sold out -86,273-86.3k
GOLDMAN SACHS GROUP INC Reduced -70,875-70.9k
BARD ASSOCIATES INC Reduced -61,172-61.2k
CITADEL ADVISORS LLC Sold out -52,548-52.5k
Bank of New York Mellon Corp Reduced -50,752-50.8k
ROYAL BANK OF CANADA Reduced -49,027-49.0k

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)

BuyingSelling
101Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 1 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25Q3 25: 0 buyingQ3 25: 0 sellingQ4 25: 0 buyingQ4 25: 0 sellingQ4 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—1$72.7k—
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 3,455,0633.5m $31.6m $31.6m 0.00% Added +34.4k +34,444
2 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,988,6073.0m $27.3m $27.3m 0.00% Reduced -13.1k -13,058
3 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 935,525935.5k $8.6m $8.6m 0.00% Reduced -23.3k -23,283
4 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 690,669690.7k $6.3m $6.3m 0.00% Reduced -15.8k -15,828
5 ProShare Advisors LLC 0.01% of their portfolio BETHESDA, MD 654,800654.8k $6.0m $6.0m 0.01% Reduced -43.4k -43,401
6 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 360,188360.2k $3.3m $3.3m 0.00% Added +246.6k +246,559
7 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 332,271332.3k $3.0m $3.0m 0.01% Added +65.9k +65,857
8 PFG Investments, LLC 0.13% of their portfolio WOODBURY, NY 295,533295.5k $2.7m $2.7m 0.13% Added +254.0k +254,015
9 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 289,566289.6k $2.6m $2.6m 0.00% Reduced -31.5k -31,510
10 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 285,800285.8k $2.6m $2.6m 0.01% Added +246.3k +246,300
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 280,291280.3k $2.6m $2.6m 0.00% Added +4.0k +4,041
12 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 270,556270.6k $2.5m $2.5m 0.00% New
13 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 252,677252.7k $2.3m $2.3m 0.00% Reduced -70.9k -70,875
14 GSA CAPITAL PARTNERS LLP 0.19% of their portfolio LONDON, X0 239,733239.7k $2.2m $2.2m 0.19% Added +153.4k +153,375
15 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 211,612211.6k $1.9m $1.9m 0.00% Added +163.9k +163,916
16 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 193,016193.0k $1.8m $1.8m 0.01% Unchanged
17 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 159,117159.1k $1.5m $1.5m 0.00% Reduced -20.8k -20,811
18 GLOBAL STRATEGIC MANAGEMENT INC 1.18% of their portfolio SAN JUAN, PR 155,220155.2k $1.4m $1.4m 1.18% First filing
19 SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC 0.25% of their portfolio MINNEAPOLIS, MN 134,809134.8k $1.2m $1.2m 0.25% Reduced -8.1k -8,099
20 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 134,650134.7k $1.2m $1.2m 0.00% Added +62.3k +62,317
21 Accordant Advisory Group Inc 0.81% of their portfolio ANNAPOLIS, MD 128,650128.7k $1.2m $1.2m 0.81% Reduced -125.4k -125,383
22 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 121,954122.0k $1.1m $1.1m 0.00% Added +14.4k +14,398
23 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 109,722109.7k $1.0m $1.0m 0.00% Reduced -50.8k -50,752
24 ExodusPoint Capital Management, LP 0.01% of their portfolio NEW YORK, NY 102,561102.6k $938.4k $938.4k 0.01% New
25 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 100,657100.7k $921.0k $921.0k 0.01% Added +2.3k +2,325
26 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 100,020100.0k $915.2k $915.2k 0.00% Added +16.1k +16,124
27 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 98,42698.4k $900.6k $900.6k 0.00% Reduced -118 -118
28 MARATHON CAPITAL MANAGEMENT 0.19% of their portfolio Hunt Valley, MD 95,62895.6k $875.0k $875.0k 0.19% Reduced -24.2k -24,190
29 Moors & Cabot, Inc. 0.04% of their portfolio BOSTON, MA 89,98490.0k $823.4k $823.4k 0.04% Reduced -24.2k -24,216
30 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 88,35388.4k $808.4k $808.4k 0.00% Unchanged
31 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 81,96482.0k $750.0k $750.0k 0.00% Reduced -201.6k -201,574
32 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 78,85278.9k $721.0k $721.0k 0.00% Reduced -18.8k -18,793
33 Oakum Bay Capital LLC 0.34% of their portfolio WESTPORT, CT 72,69572.7k $665.2k $665.2k 0.34% First filing
34 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 70,53570.5k $645.4k $645.4k 0.00% Added +42.3k +42,315
35 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 68,45168.5k $626.3k $626.3k 0.00% Added +3.1k +3,094
36 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 63,14363.1k $577.8k $577.8k 0.00% Added +12.1k +12,138
37 FMR LLC 0.00% of their portfolio BOSTON, MA 59,48459.5k $544.3k $544.3k 0.00% Added +31.1k +31,052
38 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 59,10659.1k $540.8k $540.8k 0.00% New
39 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 57,39157.4k $525.1k $525.1k 0.00% Unchanged
40 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 57,23857.2k $523.7k $523.7k 0.00% Added +22.1k +22,089
41 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 55,02055.0k $503.0k $503.0k 0.00% Reduced -49.0k -49,027
42 UBS Group AG 0.00% of their portfolio ZURICH, V8 52,13852.1k $477.1k $477.1k 0.00% Reduced -22.7k -22,661
43 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 51,13951.1k $468.0k $468.0k 0.00% Added +19.1k +19,050
44 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 49,88049.9k $456.4k $456.4k 0.00% Added +4.8k +4,800
45 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 48,66848.7k $445.3k $445.3k 0.00% Added +1.5k +1,495
46 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 48,33348.3k $442.2k $442.2k 0.00% Reduced -6.6k -6,578
47 NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio TOKYO, M0 48,00048.0k $439.2k $439.2k 0.00% Unchanged
48 Asset Management One Co., Ltd. 0.00% of their portfolio TOKYO, M0 47,82647.8k $425.2k $425.2k 0.00% Unchanged
49 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 47,67747.7k $436.2k $436.2k 0.00% Reduced -7.0k -6,989
50 AlphaQuest LLC 0.02% of their portfolio New York, NY 46,62946.6k $426.7k $426.7k 0.02% Reduced -14.3k -14,302
51 Csenge Advisory Group 0.02% of their portfolio CLEARWATER, FL 43,58843.6k $398.8k $398.8k 0.02% Added +22.1k +22,056
52 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 41,00441.0k $375.2k $375.2k 0.00% Reduced -126.8k -126,790
53 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 39,60039.6k $362.3k $362.3k 0.00% Unchanged
54 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 38,50438.5k $352.3k $352.3k 0.00% Reduced -7.4k -7,440
55 Ballentine Partners, LLC 0.00% of their portfolio Waltham, MA 37,90637.9k $346.8k $346.8k 0.00% Reduced -16.9k -16,921
56 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 36,48536.5k $333.8k $333.8k 0.00% New
57 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 30,76930.8k $281.6k $281.6k 0.00% New
58 Fund Advisors of America Inc/FL 0.25% of their portfolio ORLAND, FL 29,93629.9k $273.9k $273.9k 0.25% First filing
59 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 28,96629.0k $265.0k $265.0k 0.00% Reduced -30.4k -30,400
60 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 27,73427.7k $253.5k $253.5k 0.00% New
61 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 27,59127.6k $252.5k $252.5k 0.00% Reduced -4.8k -4,808
62 FOX RUN MANAGEMENT, L.L.C. 0.04% of their portfolio GREENWICH, CT 25,84925.8k $236.5k $236.5k 0.04% New
63 EntryPoint Capital, LLC 0.09% of their portfolio NEW YORK, NY 25,73825.7k $235.5k $235.5k 0.09% Added +3.3k +3,291
64 Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio TOKYO, M0 25,40025.4k $231.9k $231.9k 0.00% Unchanged
65 Quantbot Technologies LP 0.01% of their portfolio NEW YORK, NY 25,35225.4k $232.0k $232.0k 0.01% Added +24.2k +24,201
66 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 24,92424.9k $228.1k $228.1k 0.00% New
67 ALPS ADVISORS INC 0.00% of their portfolio Denver, CO 24,40624.4k $223.3k $223.3k 0.00% New
68 Comprehensive Money Management Services LLC 0.15% of their portfolio CORAL GABLES, FL 23,97624.0k $219.4k $219.4k 0.15% Unchanged
69 PharVision Advisers, LLC 0.11% of their portfolio BOCA RATON, FL 22,85922.9k $209.2k $209.2k 0.11% New
70 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 22,64422.6k $207.2k $207.2k 0.00% Added +9.5k +9,524
71 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 22,13422.1k $202.5k $202.5k 0.00% New
72 Graham Capital Management, L.P. 0.01% of their portfolio ROWAYTON, CT 20,98221.0k $192.0k $192.0k 0.01% Reduced -5.7k -5,656
73 Abel Hall, LLC 0.04% of their portfolio BATON ROUGE, LA 20,20620.2k $184.9k $184.9k 0.04% Reduced -485 -485
74 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 19,91219.9k $182.2k $182.2k 0.00% New
75 Orchard Capital Management, LLC 0.16% of their portfolio CHICAGO, IL 19,69519.7k $180.2k $180.2k 0.16% New
76 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 19,66519.7k $179.9k $179.9k 0.00% Reduced -29.8k -29,847
77 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 19,38719.4k $177.4k $177.4k 0.00% Reduced -2.0k -1,994
78 QUADRANT CAPITAL GROUP LLC 0.01% of their portfolio CINCINNATI, OH 18,50418.5k $169.3k $169.3k 0.01% Added +2.5k +2,526
79 State of Alaska, Department of Revenue 0.00% of their portfolio JUNEAU, AK 18,28018.3k $166.0k $166.0k 0.00% Unchanged
80 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 18,01118.0k $164.8k $164.8k 0.00% Reduced -3.8k -3,779
81 Sigma Planning Corp 0.00% of their portfolio ANN ARBOR, MI 17,82617.8k $163.1k $163.1k 0.00% Added +1.2k +1,161
82 Bahl & Gaynor LLC 0.00% of their portfolio CINCINNATI, OH 17,07517.1k $156.2k $156.2k 0.00% Added +600 +600
83 INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio WEST PALM BEACH, FL 16,93416.9k $154.9k $154.9k 0.00% Reduced -112 -112
84 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 16,02416.0k $146.6k $146.6k 0.00% Added +2.2k +2,222
85 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 15,85815.9k $145.1k $145.1k 0.00% Added +21 +21
86 EVERGREEN CAPITAL MANAGEMENT LLC 0.00% of their portfolio Bellevue, WA 15,44615.4k $141.3k $141.3k 0.00% New
87 Resona Asset Management Co.,Ltd. 0.00% of their portfolio KOTO-KU,TOKYO, M0 15,37815.4k $137.0k $137.0k 0.00% Unchanged
88 Jump Financial, LLC 0.00% of their portfolio Chicago, IL 15,07615.1k $137.9k $137.9k 0.00% New
89 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 14,65414.7k $134.1k $134.1k 0.00% Unchanged
90 Trueblood Wealth Management, LLC 0.05% of their portfolio LIMA, OH 14,00014.0k $128.1k $128.1k 0.05% Unchanged
91 COMMERCE BANK 0.00% of their portfolio KANSAS CITY, MO 13,78513.8k $126.1k $126.1k 0.00% Unchanged
92 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 12,75612.8k $117.0k $117.0k 0.00% Added +750 +750
93 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 12,69512.7k $116.2k $116.2k 0.00% Added +1.2k +1,250
94 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 12,66612.7k $116.0k $116.0k 0.00% Reduced -4.2k -4,202
95 Gilman Hill Asset Management, LLC 0.02% of their portfolio NEW CANAAN, CT 12,50012.5k $114.4k $114.4k 0.02% Reduced -7.5k -7,500
96 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 11,86411.9k $108.6k $108.6k 0.00% New
97 Inscription Capital, LLC 0.01% of their portfolio HOUSTON, TX 11,72611.7k $107.3k $107.3k 0.01% New
98 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 11,65311.7k $106.6k $106.6k 0.00% Added +569 +569
99 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 11,59111.6k $106.1k $106.1k 0.00% Reduced -1.2k -1,221
100 LRI Investments, LLC 0.01% of their portfolio PALM BEACH GARDENS, FL 11,36511.4k $104.0k $104.0k 0.01% Unchanged