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 ($1.7m this quarter). Holder counts are more reliable. Shares outstanding: 233.8m as of 2025-07-25, 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 ≈ $17.70. Options: 2 managers hold calls ($10.0k notional), 3 hold puts ($36.2k).
Trends to Q2 2025
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 |
| Q3 2024 | 393 |
| Q4 2024 | 407 |
| Q1 2025 | 409 |
| Q2 2025 | 398 |
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 2023 | 145 | 173 |
| Q4 2023 | 145 | 182 |
| Q1 2024 | 141 | 169 |
| Q2 2024 | 172 | 143 |
| Q3 2024 | 201 | 146 |
| Q4 2024 | 179 | 173 |
| Q1 2025 | 186 | 187 |
| Q2 2025 | 184 | 196 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $985.5k | $46.6k | 0.05 |
| Q4 2024 | $183.6k | $42.8k | 0.23 |
| Q1 2025 | $275.9k | $54.7k | 0.20 |
| Q2 2025 | $10.0k | $36.2k | 3.62 |
Biggest buyers
| Long Pond Capital, LP | Added | +4.7m |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Added | +1.8m |
| Balyasny Asset Management L.P. | New | +1.7m |
| CITADEL ADVISORS LLC | Added | +883.4k |
| JENNISON ASSOCIATES LLC | Added | +789.5k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Added | +732.7k |
| STRS OHIO | Added | +604.0k |
| NORGES BANK | Added | +580.2k |
| Sophron Capital Management L.P. | New | +454.3k |
| CRAMER ROSENTHAL MCGLYNN LLC | New | +361.5k |
Biggest sellers
| Gillson Capital LP | Sold out | -1.5m |
| DEUTSCHE BANK AG\ | Reduced | -1.3m |
| Schonfeld Strategic Advisors LLC | Reduced | -1.3m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -1.3m |
| Woodline Partners LP | Sold out | -1.1m |
| T. Rowe Price Investment Management, Inc. | Reduced | -1.0m |
| BAMCO INC /NY/ | Reduced | -846.9k |
| CITIGROUP INC | Reduced | -610.1k |
| JANE STREET GROUP, LLC | Reduced | -603.2k |
| Fisher Asset Management, LLC | Reduced | -569.7k |
Biggest calls
| SIMPLEX TRADING, LLC | Added | $10.0k600 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SIMPLEX TRADING, LLC | Added | $22.0k1.3k shares |
| GROUP ONE TRADING LLC | New | $14.2k800 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 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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 2 | $241.4k | $241.4k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-02 | Gebert Richard D Director | Sold plan | $9.2k500 shares |
| 2025-05-01 | Gebert Richard D Director | Sold plan | $9.5k500 shares |
| 2025-04-01 | SCHAEFFER SCOTT Chair Board and CEO, director | Sold plan | $212.1k10.0k shares |
| 2025-04-01 | Gebert Richard D Director | Sold plan | $10.6k500 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 34.2m $605.0m | Added +165.0k |
| VANGUARD GROUP INC 0.01% of their portfolio | 33.1m $584.9m | Added +256.7k |
| T. Rowe Price Investment Management, Inc. 0.15% of their portfolio | 13.2m $233.4m | Reduced -1.0m |
| STATE STREET CORP 0.01% of their portfolio | 12.8m $228.4m | Reduced -94.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 12.3m $217.9m | Reduced -1.3m |
| ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio | 9.1m $161.7m | Added +30.7k |
| MACQUARIE GROUP LTD 0.18% of their portfolio | 8.2m $144.3m | Reduced -150.3k |
| JENNISON ASSOCIATES LLC 0.07% of their portfolio | 6.9m $122.5m | Added +789.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 6.2m $109.5m | Added +138.8k |
| Long Pond Capital, LP 6.41% of their portfolio | 5.5m $97.3m | Added +4.7m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 3.9m $69.8m | Reduced -165.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.7m $66.3m | Added +130.1k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 3.5m $62.5m | Reduced -1.3m |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.57% of their portfolio | 3.5m $61.6m | Added +94.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 3.4m $60.5m | Reduced -72.2k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 3.2m $57.3m | Reduced -127.0k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.80% of their portfolio | 3.0m $52.5m | Added +732.7k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.8m $49.5m | Reduced -135.4k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 2.3m $40.7m | Added +883.4k |
| BAMCO INC /NY/ 0.11% of their portfolio | 2.3m $39.9m | Reduced -846.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.2m $38.5m | Added +66.7k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.0m $35.5m | Added +99.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.0m $35.1m | Added +7.3k |
| AEW CAPITAL MANAGEMENT L P 1.80% of their portfolio | 1.9m $34.1m | Reduced -334.2k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.34% of their portfolio | 1.9m $32.7m | Added +1.8m |
| UBS Group AG 0.01% of their portfolio | 1.8m $31.8m | Added +243.8k |
| MORGAN STANLEY 0.00% of their portfolio | 1.8m $31.7m | Reduced -187.1k |
| Balyasny Asset Management L.P. 0.07% of their portfolio | 1.7m $30.4m | New |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 1.6m $27.6m | Added +11 |
| Legal & General Group Plc 0.01% of their portfolio | 1.4m $25.4m | Reduced -68.1k |
| GW&K Investment Management, LLC 0.22% of their portfolio | 1.4m $25.0m | Reduced -133.6k |
| CITIGROUP INC 0.02% of their portfolio | 1.4m $24.8m | Reduced -610.1k |
| Fisher Asset Management, LLC 0.01% of their portfolio | 1.3m $23.2m | Reduced -569.7k |
| Nuveen, LLC 0.01% of their portfolio | 1.3m $22.1m | Reduced -121.9k |
| Invesco Ltd. 0.00% of their portfolio | 1.1m $20.2m | Added +131.4k |
| MetLife Investment Management, LLC 0.11% of their portfolio | 1.0m $18.1m | Added +77.4k |
| NORGES BANK 0.00% of their portfolio | 997.3k $17.6m | Added +580.2k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 854.9k $15.1m | Reduced -66.4k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 820.9k $14.5m | Added +33.1k |
| Waterfront Capital Partners, LLC 3.52% of their portfolio | 800.8k $14.2m | Reduced -494.6k |
| EASTERLY INVESTMENT PARTNERS LLC 0.93% of their portfolio | 730.6k $12.9m | Added +116.7k |
| BLAIR WILLIAM & CO/IL 0.03% of their portfolio | 689.0k $12.2m | Added +3.5k |
| STRS OHIO 0.04% of their portfolio | 646.3k $11.4m | Added +604.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 608.4k $10.8m | Added +197.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 566.6k $10.0m | Reduced -16.8k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 545.9k $9.7m | Reduced -492.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 535.4k $9.5m | Reduced -211.9k |
| CRAWFORD INVESTMENT COUNSEL INC 0.16% of their portfolio | 528.0k $9.3m | Added +12.5k |
| BARCLAYS PLC 0.00% of their portfolio | 494.1k $8.7m | Added +154.6k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 482.2k $8.5m | Added +26.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 460.6k $8.1m | Reduced -3.9k |
| Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio | 459.7k $8.1m | Reduced -58.8k |
| Sophron Capital Management L.P. 2.46% of their portfolio | 454.3k $8.0m | New |
| Swiss National Bank 0.00% of their portfolio | 441.6k $7.8m | Added +5.5k |
| B&I Capital AG 2.57% of their portfolio | 426.5k $7.5m | Reduced -10.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 406.3k $7.2m | Reduced -189.5k |
| California Public Employees Retirement System 0.00% of their portfolio | 404.0k $7.1m | Added +14.9k |
| OSAIC HOLDINGS, INC. 0.01% of their portfolio | 402.6k $7.1m | Reduced -27.9k |
| Hilton Capital Management, LLC 0.55% of their portfolio | 391.6k $6.9m | Added +5.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 378.4k $6.7m | Reduced -13.2k |
| CRAMER ROSENTHAL MCGLYNN LLC 0.44% of their portfolio | 361.5k $6.4m | New |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 360.2k $6.4m | Added +173.2k |
| LPL Financial LLC 0.00% of their portfolio | 358.5k $6.3m | Reduced -19.8k |
| Phocas Financial Corp. 0.91% of their portfolio | 356.4k $6.3m | Reduced -51 |
| Asset Management One Co., Ltd. 0.02% of their portfolio | 350.9k $6.2m | Reduced -5.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 347.0k $6.1m | Added +473 |
| NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio | 338.3k $6.0m | Added +15.2k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 334.1k $5.9m | Added +8.6k |
| Blue Sky Capital Consultants Group, Inc. 2.83% of their portfolio | 311.2k $5.5m | Added +38.5k |
| State of New Jersey Common Pension Fund D 0.02% of their portfolio | 307.3k $5.4m | Added +9.3k |
| Retirement Systems of Alabama 0.02% of their portfolio | 285.3k $5.0m | Added +4.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 284.3k $5.0m | Added +56.6k |
| Grove Bank & Trust 0.63% of their portfolio | 283.8k $5.0m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 282.2k $5.0m | Added +2.9k |
| Blue Zone Wealth Advisors, LLC 1.24% of their portfolio | 280.9k $5.0m | Added +14.3k |
| Berger Financial Group, Inc 0.32% of their portfolio | 280.5k $5.0m | Reduced -10.0k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.15% of their portfolio | 280.5k $5.0m | Reduced -14.6k |
| Mill Creek Capital Advisors, LLC 0.11% of their portfolio | 277.8k $4.9m | Reduced -33.9k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 273.0k $4.8m | Added +5.7k |
| Cetera Investment Advisers 0.01% of their portfolio | 272.1k $4.8m | Added +4.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 253.9k $4.5m | Added +4.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 253.4k $4.5m | Reduced -4.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 249.3k $4.4m | Added +1.7k |
| Lightrock Netherlands B.V. 0.98% of their portfolio | 236.5k $3.6m | Added +46.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 232.3k $4.1m | Reduced -10.1k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 226.6k $4.0m | Added +95.6k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 215.1k $3.8m | Reduced -603.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 213.6k $3.8m | Added +349 |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 206.2k $3.6m | Added +28.4k |
| Kestra Advisory Services, LLC 0.02% of their portfolio | 205.6k $3.6m | Reduced -195.2k |
| STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio | 205.4k $3.6m | Reduced -2.6k |
| TD Asset Management Inc 0.00% of their portfolio | 201.9k $3.6m | Reduced -31.5k |
| Vestcor Inc 0.11% of their portfolio | 200.9k $3.6m | Reduced -860 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 196.6k $3.5m | Added +268 |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 196.5k $3.5m | Added +76.1k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.03% of their portfolio | 192.5k $3.4m | Added +33.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 191.5k $3.4m | Reduced -61.4k |
| Aurora Investment Managers, LLC. 1.96% of their portfolio | 183.2k $3.2m | Reduced -643 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 182.3k $3.2m | Added +20.9k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 175.0k $3.1m | New |