INDEPENDENCE RLTY TR INC IRT
COM · REIT · CUSIP 45378A106
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersPhiladelphia, PA
- 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 ($4.3m this quarter). Holder counts are more reliable. Shares outstanding: 225.1m as of 2024-07-26, 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 ≈ $18.75. Options: 4 managers hold calls ($606.9k notional), 4 hold puts ($137.8k).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 364 |
| Q4 2022 | 362 |
| Q1 2023 | 353 |
| Q2 2023 | 356 |
| Q3 2023 | 359 |
| Q4 2023 | 334 |
| Q1 2024 | 333 |
| Q2 2024 | 344 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 167 | 167 |
| Q1 2023 | 156 | 173 |
| Q2 2023 | 161 | 170 |
| Q3 2023 | 145 | 173 |
| Q4 2023 | 145 | 182 |
| Q1 2024 | 141 | 169 |
| Q2 2024 | 172 | 143 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $980.6k | $1.3m | 1.33 |
| Q4 2023 | $6.2m | $1.1m | 0.17 |
| Q1 2024 | $948.0k | $965.8k | 1.02 |
| Q2 2024 | $606.9k | $137.8k | 0.23 |
Biggest buyers
| ALLIANCEBERNSTEIN L.P. | Added | +9.4m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +6.8m |
| AEW CAPITAL MANAGEMENT L P | Added | +1.8m |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Added | +1.4m |
| JENNISON ASSOCIATES LLC | Added | +1.3m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | New | +1.2m |
| DEUTSCHE BANK AG\ | Added | +1.1m |
| T. Rowe Price Investment Management, Inc. | Added | +600.9k |
| UBS Group AG | Added | +585.0k |
| B&I Capital AG | New | +581.7k |
Biggest sellers
| Thrivent Financial for Lutherans | Reduced | -3.2m |
| MORGAN STANLEY | Reduced | -3.0m |
| Ranger Global Real Estate Advisors, LLC | Sold out | -2.7m |
| GRS Advisors, LLC | Sold out | -2.1m |
| Long Pond Capital, LP | Reduced | -1.9m |
| BlackRock Inc. | Reduced | -1.8m |
| Heitman Real Estate Securities LLC | Sold out | -1.4m |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Reduced | -1.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -1.1m |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | Reduced | -861.1k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $410.4k21.9k shares |
| SIMPLEX TRADING, LLC | Added | $99.0k5.3k shares |
| GROUP ONE TRADING LLC | Unchanged | $97.4k5.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $73.1k3.9k shares |
| GROUP ONE TRADING LLC | Reduced | $33.7k1.8k shares |
| SIMPLEX TRADING, LLC | Unchanged | $31.0k1.7k 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 2025-04-29 | 14.4% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-28 | 9.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.3% |
Fell to 5% or below in the last year: Long Pond Capital, LP (2.2%, 2026-08-13), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), T. Rowe Price Investment Management, Inc. (4.3%, 2026-02-17)
Insider purchases and sales in Q2 2024
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 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $3.0m | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 33.0m $619.1m | Reduced -1.8m |
| VANGUARD GROUP INC 0.01% of their portfolio | 32.6m $611.6m | Reduced -109.7k |
| T. Rowe Price Investment Management, Inc. 0.16% of their portfolio | 13.2m $248.3m | Added +600.9k |
| STATE STREET CORP 0.01% of their portfolio | 12.6m $238.4m | Reduced -55.5k |
| ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio | 9.9m $186.4m | Added +9.4m |
| MACQUARIE GROUP LTD 0.20% of their portfolio | 9.2m $171.7m | Added +566.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 9.1m $171.2m | Added +6.8m |
| Long Pond Capital, LP 8.60% of their portfolio | 8.5m $159.1m | Reduced -1.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 5.8m $108.8m | Added +247.7k |
| JENNISON ASSOCIATES LLC 0.07% of their portfolio | 5.8m $108.3m | Added +1.3m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.6m $67.8m | Added +115.5k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.65% of their portfolio | 3.5m $65.2m | Added +141.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.4m $63.0m | Added +48.8k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 3.3m $62.0m | Added +176.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.6m $49.0m | Added +92.8k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.5m $46.3m | Added +68.1k |
| Waterfront Capital Partners, LLC 5.43% of their portfolio | 2.3m $42.3m | Reduced -535.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.1m $39.5m | Added +497.0k |
| Fisher Asset Management, LLC 0.02% of their portfolio | 2.0m $37.3m | Reduced -12.3k |
| AEW CAPITAL MANAGEMENT L P 1.70% of their portfolio | 1.9m $35.2m | Added +1.8m |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.61% of their portfolio | 1.8m $33.4m | Added +1.4m |
| Legal & General Group Plc 0.01% of their portfolio | 1.7m $32.2m | Reduced -98.8k |
| NORGES BANK 0.00% of their portfolio | 1.6m $30.4m | Reduced -664.9k |
| MORGAN STANLEY 0.00% of their portfolio | 1.6m $29.5m | Reduced -3.0m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4m $25.5m | Added +375.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.3m $25.0m | Added +1.1m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.2m $22.5m | New |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 1.2m $22.1m | Added +229.7k |
| UBS Group AG 0.01% of their portfolio | 1.0m $19.1m | Added +585.0k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 831.0k $15.6m | Added +3.0k |
| Mesirow Institutional Investment Management, Inc. 1.33% of their portfolio | 810.2k $15.2m | Added +260.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 753.6k $14.1m | Reduced -98.5k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 735.3k $13.8m | Added +519.8k |
| Thrivent Financial for Lutherans 0.03% of their portfolio | 721.3k $13.5m | Reduced -3.2m |
| BLAIR WILLIAM & CO/IL 0.04% of their portfolio | 709.1k $13.3m | Reduced -9.3k |
| Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio | 613.3k $11.5m | Reduced -38.1k |
| Invesco Ltd. 0.00% of their portfolio | 600.6k $11.3m | Added +31.9k |
| B&I Capital AG 3.49% of their portfolio | 581.7k $10.9m | New |
| MAKENA CAPITAL MANAGEMENT LLC 2.33% of their portfolio | 535.7k $10.0m | New |
| CRAWFORD INVESTMENT COUNSEL INC 0.19% of their portfolio | 521.8k $9.8m | Added +14.1k |
| APG Asset Management US Inc. 0.05% of their portfolio | 500.0k $9.4m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 483.0k $9.1m | Reduced -135.6k |
| OSAIC HOLDINGS, INC. 0.02% of their portfolio | 483.0k $9.1m | Reduced -118.8k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.26% of their portfolio | 474.7k $8.9m | Reduced -1.6k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 462.8k $8.7m | Reduced -131.8k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 458.3k $8.6m | Added +252.8k |
| Swiss National Bank 0.01% of their portfolio | 442.8k $8.3m | Unchanged |
| California Public Employees Retirement System 0.01% of their portfolio | 437.5k $8.2m | Added +38.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 429.3k $8.0m | Added +2.5k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 419.7k $7.9m | Added +19.0k |
| STRS OHIO 0.03% of their portfolio | 419.4k $7.9m | Added +306.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 404.1k $7.6m | Reduced -22.7k |
| Corebridge Financial, Inc. 0.04% of their portfolio | 404.0k $7.6m | First filing |
| Phocas Financial Corp. 0.86% of their portfolio | 404.0k $7.6m | Reduced -12.4k |
| Kestra Advisory Services, LLC 0.04% of their portfolio | 401.2k $7.6m | Added +285.7k |
| STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio | 359.3k $6.7m | Reduced -5.5k |
| State of New Jersey Common Pension Fund D 0.03% of their portfolio | 346.5k $6.5m | Reduced -176.8k |
| Asset Management One Co., Ltd. 0.02% of their portfolio | 339.3k $6.4m | Added +3.1k |
| Cetera Investment Advisers 0.01% of their portfolio | 333.4k $6.2m | Reduced -76.3k |
| LPL Financial LLC 0.00% of their portfolio | 329.8k $6.2m | Added +4.3k |
| BAMCO INC /NY/ 0.02% of their portfolio | 323.6k $6.1m | New |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 319.6k $6.0m | Reduced -2.2k |
| CHARTWELL INVESTMENT PARTNERS, LLC 0.21% of their portfolio | 315.3k $5.9m | New |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 302.2k $5.7m | Added +261.2k |
| Berger Financial Group, Inc 0.45% of their portfolio | 298.7k $5.6m | Reduced -6.5k |
| GW&K Investment Management, LLC 0.05% of their portfolio | 296.4k $5.6m | Reduced -13.5k |
| NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio | 280.9k $5.3m | Added +14.2k |
| Retirement Systems of Alabama 0.02% of their portfolio | 277.3k $5.2m | Reduced -4.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 276.0k $5.2m | Reduced -1.1m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 270.7k $5.1m | Reduced -3.6k |
| MetLife Investment Management, LLC 0.03% of their portfolio | 250.6k $4.7m | Added +15.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 245.7k $4.6m | Reduced -7.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 238.1k $4.5m | Added +91.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 228.2k $4.3m | Added +52.6k |
| Knights of Columbus Asset Advisors LLC 0.27% of their portfolio | 223.5k $4.2m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 219.6k $4.1m | Reduced -5.1k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 210.3k $3.9m | Added +41.8k |
| Gillson Capital LP 0.38% of their portfolio | 209.0k $3.9m | Reduced -20.0k |
| ExodusPoint Capital Management, LP 0.04% of their portfolio | 200.2k $3.8m | Reduced -67.8k |
| CITIGROUP INC 0.00% of their portfolio | 191.0k $3.6m | Reduced -89.2k |
| TD Asset Management Inc 0.00% of their portfolio | 182.5k $3.4m | Added +6.2k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 160.0k $3.0m | Reduced -78.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 146.2k $2.7m | Added +11.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 142.3k $2.7m | Added +1.1k |
| BARCLAYS PLC 0.00% of their portfolio | 141.8k $2.7m | Reduced -276.8k |
| Anson Funds Management LP 0.38% of their portfolio | 141.2k $2.6m | Reduced -14.5k |
| Aurora Investment Managers, LLC. 1.84% of their portfolio | 137.1k $2.6m | Added +32.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 135.3k $2.5m | First filing |
| BARD ASSOCIATES INC 0.98% of their portfolio | 135.0k $2.6m | Reduced -1.4k |
| State of Alaska, Department of Revenue 0.03% of their portfolio | 132.7k $2.5m | Added +1.7k |
| CONGRESS ASSET MANAGEMENT CO 0.02% of their portfolio | 130.1k $2.4m | Reduced -1.6k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 128.6k $2.4m | Reduced -5.1k |
| Amundi 0.00% of their portfolio | 126.2k $2.4m | Reduced -9.9k |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 125.5k $2.4m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 124.6k $2.3m | Added +7.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 123.2k $2.3m | Added +75.7k |
| Trivium Point Advisory, LLC 0.34% of their portfolio | 121.1k $2.3m | Reduced -10.4k |
| NISA INVESTMENT ADVISORS, LLC 0.01% of their portfolio | 115.1k $2.2m | Added +1.9k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 114.0k $2.1m | Added +87.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 111.1k $2.1m | Added +38.4k |