HEALTHPEAK PROPERTIES INC DOC
COM · REIT · CUSIP 42250P103 · ISIN US42250P1030
Real estate investment trust
* 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 ($34.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $16.08. Options: 12 managers hold calls ($14.8m notional), 8 hold puts ($23.5m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 589 |
| Q4 2022 | 610 |
| Q1 2023 | 592 |
| Q2 2023 | 611 |
| Q3 2023 | 588 |
| Q4 2023 | 616 |
| Q1 2024 | 679 |
| Q2 2024 | 710 |
| Q3 2024 | 736 |
| Q4 2024 | 763 |
| Q1 2025 | 760 |
| Q2 2025 | 739 |
| Q3 2025 | 754 |
| Q4 2025 | 771 |
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 | 474 | 212 |
| Q2 2024 | 375 | 308 |
| Q3 2024 | 368 | 327 |
| Q4 2024 | 341 | 356 |
| Q1 2025 | 412 | 305 |
| Q2 2025 | 362 | 369 |
| Q3 2025 | 390 | 330 |
| Q4 2025 | 330 | 381 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $12.9m | $3.9m | 0.30 |
| Q2 2025 | $37.6m | $5.6m | 0.15 |
| Q3 2025 | $33.5m | $16.3m | 0.49 |
| Q4 2025 | $14.8m | $23.5m | 1.59 |
Biggest buyers
| FULLER & THALER ASSET MANAGEMENT, INC. | Added | +34.4m |
| FMR LLC | Added | +6.4m |
| HSBC HOLDINGS PLC | Added | +3.5m |
| Bank of New York Mellon Corp | Added | +2.9m |
| MILLENNIUM MANAGEMENT LLC | Added | +2.5m |
| EQUITY INVESTMENT CORP | Added | +1.7m |
| Invesco Ltd. | Added | +1.6m |
| TUDOR INVESTMENT CORP ET AL | Added | +1.5m |
| PRUDENTIAL FINANCIAL INC | Added | +1.3m |
| SG Americas Securities, LLC | Added | +1.1m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -25.8m |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Reduced | -8.9m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -8.0m |
| FIRST TRUST ADVISORS LP | Reduced | -1.9m |
| CITADEL ADVISORS LLC | Reduced | -1.9m |
| NORTHERN TRUST CORP | Reduced | -1.8m |
| PGGM Investments | Reduced | -1.7m |
| Adelante Capital Management LLC | Sold out | -1.3m |
| CRAWFORD INVESTMENT COUNSEL INC | Reduced | -989.8k |
| Cullen Capital Management, LLC | Reduced | -985.5k |
Biggest calls
| Twin Tree Management, LP | Added | $4.0m249.6k shares |
| LANDMARK INVESTMENT PARTNERS, L.P. | Added | $4.0m246.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.7m105.0k shares |
| CITADEL ADVISORS LLC | Reduced | $1.4m89.9k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $1.1m69.2k shares |
| Greenland Capital Management LP | New | $868.3k54.0k shares |
| IMC-Chicago, LLC | Reduced | $496.9k30.9k shares |
| GROUP ONE TRADING LLC | Reduced | $472.8k29.4k shares |
| JANE STREET GROUP, LLC | Reduced | $369.8k23.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $209.0k13.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $16.6m1.0m shares |
| CITADEL ADVISORS LLC | Added | $3.9m241.0k shares |
| IMC-Chicago, LLC | Added | $1.6m97.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $538.7k33.5k shares |
| JANE STREET GROUP, LLC | Reduced | $535.5k33.3k shares |
| GROUP ONE TRADING LLC | Added | $266.9k16.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $101.3k6.3k shares |
| LANARK FINANCIAL, INC. | Unchanged | $21021 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 2025-04-28 | 10.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 8.4% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.4% |
| STATE STREET CORP 13G · institution new · filed 2026-08-07 | 6.4% |
Fell to 5% or below in the last year: JPMORGAN CHASE & CO (4.3%, 2026-07-22), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
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 | 1 | $300.8k | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 7 | $966.3k | 0 | — | — |
| Q3 2025 | 2 | $149.8k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 109.0m $1.8bn | Reduced -311.9k |
| BlackRock, Inc. 0.02% of their portfolio | 73.5m $1.2bn | Added +537.0k |
| FULLER & THALER ASSET MANAGEMENT, INC. 1.62% of their portfolio | 59.3m $953.5m | Added +34.4m |
| STATE STREET CORP 0.03% of their portfolio | 49.4m $793.9m | Reduced -124.6k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 30.7m $493.3m | Reduced -25.8m |
| PRINCIPAL FINANCIAL GROUP INC 0.22% of their portfolio | 26.7m $429.0m | Reduced -303.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 19.5m $313.0m | Added +123.3k |
| Invesco Ltd. 0.03% of their portfolio | 18.3m $294.2m | Added +1.6m |
| MORGAN STANLEY 0.01% of their portfolio | 12.3m $197.0m | Added +71.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 11.1m $178.6m | Added +523.8k |
| FMR LLC 0.01% of their portfolio | 10.5m $169.5m | Added +6.4m |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 10.3m $165.5m | Added +64.6k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 9.6m $155.0m | Added +2.9m |
| NORGES BANK 0.02% of their portfolio | 9.5m $153.6m | Not comparable |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 9.3m $149.9m | Reduced -612.5k |
| Cullen Capital Management, LLC 1.62% of their portfolio | 9.2m $148.7m | Reduced -985.5k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 8.4m $134.8m | Reduced -1.8m |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 7.1m $114.3m | Added +113.1k |
| Legal & General Group Plc 0.03% of their portfolio | 7.1m $113.4m | Added +580.9k |
| EQUITY INVESTMENT CORP 2.28% of their portfolio | 7.0m $112.9m | Added +1.7m |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 6.5m $104.9m | Added +3.5m |
| PGGM Investments 1.45% of their portfolio | 5.7m $91.7m | Reduced -1.7m |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.34% of their portfolio | 5.7m $91.6m | Reduced -105.5k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.83% of their portfolio | 5.2m $84.0m | Reduced -8.9m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 5.1m $81.9m | Added +932.0k |
| LPL Financial LLC 0.02% of their portfolio | 4.9m $79.4m | Added +154.2k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 4.7m $75.7m | Reduced -1.9m |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 3.7m $59.9m | Added +95.2k |
| PRUDENTIAL FINANCIAL INC 0.07% of their portfolio | 3.7m $59.7m | Added +1.3m |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 3.6m $57.6m | Reduced -323.1k |
| Amundi 0.02% of their portfolio | 3.5m $56.8m | Added +588.0k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 3.5m $56.5m | Added +2.5m |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 3.5m $56.2m | Added +433.5k |
| Brandywine Global Investment Management, LLC 0.37% of their portfolio | 3.4m $55.4m | Added +62.0k |
| UBS Group AG 0.01% of their portfolio | 3.3m $53.4m | Reduced -27.6k |
| Douglas Lane & Associates, LLC 0.62% of their portfolio | 2.8m $45.1m | Reduced -548.7k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 2.4m $38.5m | Added +233.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 2.3m $37.1m | Reduced -28.9k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 2.2m $35.6m | Reduced -417.0k |
| CI INVESTMENTS INC. 0.15% of their portfolio | 2.2m $35.2m | Reduced -88.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 2.1m $34.0m | Reduced -200.4k |
| Nuveen, LLC 0.01% of their portfolio | 2.0m $32.9m | Reduced -764.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 2.0m $32.6m | Added +78.6k |
| TUDOR INVESTMENT CORP ET AL 0.18% of their portfolio | 2.0m $32.0m | Added +1.5m |
| APG Asset Management US Inc. 0.25% of their portfolio | 2.0m $31.8m | Reduced -293.2k |
| Swiss National Bank 0.02% of their portfolio | 1.9m $30.1m | Reduced -132.1k |
| STRS OHIO 0.11% of their portfolio | 1.8m $29.2m | Reduced -350.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio | 1.7m $27.2m | Added +1.0m |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.63% of their portfolio | 1.7m $26.8m | Added +104.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 1.7m $26.8m | Added +334.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.6m $25.9m | Added +284.9k |
| BARCLAYS PLC 0.01% of their portfolio | 1.6m $25.9m | Added +115.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.04% of their portfolio | 1.6m $25.4m | Reduced -25.6k |
| GW&K Investment Management, LLC 0.22% of their portfolio | 1.6m $25.1m | Reduced -94.6k |
| CITIGROUP INC 0.02% of their portfolio | 1.6m $25.1m | Added +343.5k |
| Advisors Capital Management, LLC 0.27% of their portfolio | 1.4m $23.1m | Added +34.9k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 1.4m $23.1m | Added +16.6k |
| Heitman Real Estate Securities LLC 1.58% of their portfolio | 1.4m $22.5m | Added +386.2k |
| Asset Management One Co., Ltd. 0.06% of their portfolio | 1.4m $22.4m | Added +8.2k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 1.4m $22.4m | Reduced -4.5k |
| Aberdeen Group plc 0.03% of their portfolio | 1.4m $21.8m | Added +54.9k |
| M&T Bank Corp 0.07% of their portfolio | 1.3m $21.7m | Added +426.1k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 1.3m $20.6m | Added +606.8k |
| NOMURA ASSET MANAGEMENT CO LTD 0.05% of their portfolio | 1.3m $20.5m | Added +34.1k |
| California Public Employees Retirement System 0.01% of their portfolio | 1.3m $20.4m | Reduced -35.4k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 1.2m $19.9m | Added +483.6k |
| SummitTX Capital, L.P. 0.57% of their portfolio | 1.2m $18.9m | Added +445.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.06% of their portfolio | 1.2m $18.7m | Reduced -38.7k |
| SG Americas Securities, LLC 0.02% of their portfolio | 1.2m $18.6m | Added +1.1m |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.1m $17.8m | Reduced -150.8k |
| 1832 Asset Management L.P. 0.02% of their portfolio | 1.1m $17.7m | Reduced -132.4k |
| Gillson Capital LP 1.08% of their portfolio | 1.0m $16.5m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 1.0m $16.4m | Added +7.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 979.5k $15.8m | Reduced -107.1k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 920.4k $14.8m | Added +123.5k |
| ZACKS INVESTMENT MANAGEMENT 0.12% of their portfolio | 920.0k $14.8m | Reduced -96.1k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.02% of their portfolio | 906.6k $14.6m | First filing |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 882.3k $14.2m | New |
| Janney Montgomery Scott LLC 0.03% of their portfolio | 879.9k $14.1m | Reduced -40.5k |
| Foresight Group Ltd Liability Partnership 2.08% of their portfolio | 853.3k $13.8m | Reduced -81.6k |
| Swedbank AB 0.01% of their portfolio | 849.2k $13.7m | Added +690.0k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.17% of their portfolio | 843.8k $13.6m | Reduced -177.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 828.3k $13.3m | Reduced -12.3k |
| Robeco Institutional Asset Management B.V. 0.02% of their portfolio | 799.2k $12.9m | Reduced -86.8k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio | 788.7k $12.7m | Reduced -38 |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.05% of their portfolio | 771.9k $12.4m | Added +564.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 714.4k $11.5m | Added +551.5k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.09% of their portfolio | 670.0k $10.8m | Reduced -667.1k |
| Man Group plc 0.02% of their portfolio | 655.1k $10.5m | Reduced -27.6k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.02% of their portfolio | 652.5k $10.5m | Reduced -14.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 649.8k $10.4m | Reduced -221 |
| Squarepoint Ops LLC 0.02% of their portfolio | 637.2k $10.2m | Added +141.0k |
| Brookstone Capital Management 0.12% of their portfolio | 628.5k $10.1m | Reduced -29.2k |
| DAVENPORT & Co LLC 0.05% of their portfolio | 623.3k $10.0m | Reduced -65.5k |
| AVIVA PLC 0.02% of their portfolio | 615.1k $9.9m | Added +16.6k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 609.5k $9.8m | Reduced -651.1k |
| COMERICA BANK 0.04% of their portfolio | 605.7k $9.7m | Added +128.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 596.0k $9.6m | Reduced -4.6k |
| Varma Mutual Pension Insurance Co 0.06% of their portfolio | 585.7k $9.4m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 572.9k $9.2m | Reduced -7.0k |