INVITATION HOMES INC INVH
COM · REIT · CUSIP 46187W107 · ISIN US46187W1071
American home rental company
- SectorReal estate
- IndustryReal Estate Operators (No Developers) & Lessors
- HeadquartersDallas, TX
- Websiteinvitationhomes.com
- 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 ($17.1m this quarter). Holder counts are more reliable. Shares outstanding: 612.0m as of 2023-07-24, 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 ≈ $34.37. Options: 15 managers hold calls ($60.4m notional), 13 hold puts ($17.0m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 479 |
| Q4 2022 | 463 |
| Q1 2023 | 463 |
| Q2 2023 | 500 |
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 | 226 | 231 |
| Q1 2023 | 225 | 224 |
| Q2 2023 | 231 | 216 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $38.6m | $107.2m | 2.78 |
| Q4 2022 | $29.1m | $84.8m | 2.92 |
| Q1 2023 | $66.7m | $59.1m | 0.89 |
| Q2 2023 | $60.4m | $17.0m | 0.28 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +7.3m |
| NORGES BANK | Added | +1.4m |
| MACQUARIE GROUP LTD | Added | +1.3m |
| AMERICAN CENTURY COMPANIES INC | Added | +1.1m |
| AMERIPRISE FINANCIAL INC | Added | +852.4k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Added | +715.2k |
| MACKENZIE FINANCIAL CORP | Added | +601.4k |
| UBS Group AG | Added | +541.0k |
| BlackRock Inc. | Added | +492.7k |
| Amundi | Added | +401.9k |
Biggest sellers
| FMR LLC | Reduced | -18.8m |
| Resolution Capital Ltd | Reduced | -4.5m |
| Invesco Ltd. | Reduced | -2.7m |
| COHEN & STEERS, INC. | Reduced | -2.3m |
| Waterfront Capital Partners, LLC | Sold out | -1.8m |
| STRS OHIO | Reduced | -1.4m |
| VANGUARD GROUP INC | Reduced | -1.3m |
| Daiwa Securities Group Inc. | Reduced | -1.1m |
| Heitman Real Estate Securities LLC | Reduced | -937.9k |
| OFI INVEST ASSET MANAGEMENT | Reduced | -929.2k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $16.1m469.1k shares |
| Nuveen Asset Management, LLC | New | $14.6m423.2k shares |
| Caption Management, LLC | New | $7.7m225.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $7.5m218.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $5.5m160.1k shares |
| JANE STREET GROUP, LLC | Reduced | $1.8m53.3k shares |
| UBS Group AG | Reduced | $1.7m50.0k shares |
| Walleye Trading LLC | Unchanged | $1.4m39.8k shares |
| GROUP ONE TRADING LLC | Reduced | $1.3m37.0k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $1.0m30.3k shares |
Biggest puts
| Parallax Volatility Advisers, L.P. | Added | $5.1m147.6k shares |
| CITADEL ADVISORS LLC | Added | $4.7m137.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.3m67.4k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $2.3m65.8k shares |
| WOLVERINE TRADING, LLC | Reduced | $846.4k24.8k shares |
| GROUP ONE TRADING LLC | Reduced | $598.6k17.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $560.0k16.3k shares |
| MILLENNIUM MANAGEMENT LLC | New | $309.6k9.0k shares |
| JANE STREET GROUP, LLC | Reduced | $227.0k6.6k shares |
| PEAK6 Investments LLC | Reduced | $37.8k1.1k 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 |
|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 8.2% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.2% |
Fell to 5% or below in the last year: COHEN & STEERS, INC. (4.6%, 2026-10-07), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 2023
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 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $981.0k | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.08% of their portfolio | 97.3m $3.3bn | Reduced -1.3m |
| COHEN & STEERS, INC. 5.83% of their portfolio | 80.5m $2.8bn | Reduced -2.3m |
| BlackRock Inc. 0.06% of their portfolio | 59.9m $2.1bn | Added +492.7k |
| NORGES BANK 0.27% of their portfolio | 39.4m $1.4bn | Added +1.4m |
| STATE STREET CORP 0.07% of their portfolio | 38.2m $1.3bn | Reduced -11.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.49% of their portfolio | 20.6m $710.0m | Reduced -151.0k |
| FMR LLC 0.05% of their portfolio | 17.7m $609.8m | Reduced -18.8m |
| APG Asset Management US Inc. 4.74% of their portfolio | 17.2m $592.9m | Reduced -735 |
| Daiwa Securities Group Inc. 3.87% of their portfolio | 17.0m $585.6m | Reduced -1.1m |
| JPMORGAN CHASE & CO 0.07% of their portfolio | 16.6m $569.4m | Added +7.3m |
| Resolution Capital Ltd 8.04% of their portfolio | 14.2m $488.0m | Reduced -4.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 13.6m $467.1m | Added +187.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.59% of their portfolio | 11.3m $387.2m | Reduced -396.0k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 4.37% of their portfolio | 10.8m $372.1m | Added +715.2k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 8.6m $297.0m | Added +61.7k |
| Invesco Ltd. 0.07% of their portfolio | 8.2m $281.6m | Reduced -2.7m |
| MORGAN STANLEY 0.03% of their portfolio | 7.5m $258.9m | Added +26.8k |
| Legal & General Group Plc 0.08% of their portfolio | 7.1m $244.6m | Reduced -135.7k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 6.9m $237.9m | Reduced -484.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio | 5.9m $203.0m | Added +50.4k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 2.98% of their portfolio | 4.8m $166.4m | Reduced -62.8k |
| PGGM Investments 2.64% of their portfolio | 4.7m $162.6m | Reduced -92.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 4.6m $142.8m | Unchanged |
| Sumitomo Mitsui Trust Group, Inc. 0.12% of their portfolio | 4.5m $155.8m | Reduced -201.8k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 4.4m $151.7m | Reduced -84.1k |
| SEI INVESTMENTS CO 0.24% of their portfolio | 4.0m $137.2m | Reduced -612.5k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 3.8m $131.5m | Added +330.6k |
| Russell Investments Group, Ltd. 0.25% of their portfolio | 3.8m $131.1m | Reduced -201.4k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 4.84% of their portfolio | 3.6m $122.4m | Reduced -181.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.16% of their portfolio | 3.2m $108.4m | Added +1.2k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 3.0m $98.8m | Added +852.4k |
| Echo Street Capital Management LLC 0.79% of their portfolio | 2.7m $92.8m | Reduced -142.4k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.7m $91.8m | Reduced -815.2k |
| Nuveen Asset Management, LLC 0.03% of their portfolio | 2.3m $80.1m | Reduced -473.8k |
| MACQUARIE GROUP LTD 0.09% of their portfolio | 2.3m $78.7m | Added +1.3m |
| Swiss National Bank 0.05% of their portfolio | 2.2m $76.0m | Reduced -216.6k |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 2.2m $75.9m | Added +57.1k |
| AEW CAPITAL MANAGEMENT L P 2.58% of their portfolio | 1.9m $66.9m | Reduced -275.9k |
| Heitman Real Estate Securities LLC 3.51% of their portfolio | 1.9m $63.9m | Reduced -937.9k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 1.8m $61.9m | Reduced -496.4k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.8m $60.7m | Added +384.9k |
| PRUDENTIAL FINANCIAL INC 0.08% of their portfolio | 1.7m $57.2m | Added +79.3k |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 1.4m $49.8m | Reduced -54.0k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 1.4m $48.0m | Reduced -38.6k |
| Amundi 0.02% of their portfolio | 1.3m $45.5m | Added +401.9k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 1.3m $43.2m | Added +1.1m |
| Asset Management One Co., Ltd. 0.18% of their portfolio | 1.2m $42.2m | Added +43.9k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 1.2m $40.9m | Reduced -3.0k |
| Allianz Asset Management GmbH 0.08% of their portfolio | 1.1m $38.7m | Reduced -440.5k |
| California Public Employees Retirement System 0.03% of their portfolio | 1.1m $38.3m | Reduced -35.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 1.1m $38.3m | Reduced -6.9k |
| BARCLAYS PLC 0.02% of their portfolio | 1.1m $38.2m | Reduced -184.3k |
| UBS Group AG 0.02% of their portfolio | 1.1m $37.7m | Added +541.0k |
| BAMCO INC /NY/ 0.10% of their portfolio | 1.1m $36.9m | Added +393.6k |
| State of New Jersey Common Pension Fund D 0.12% of their portfolio | 1.1m $36.7m | Unchanged |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.15% of their portfolio | 1.0m $36.1m | Reduced -31.7k |
| NFJ INVESTMENT GROUP, LLC 0.94% of their portfolio | 1.0m $35.3m | Reduced -32.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 991.0k $34.1m | Reduced -26.1k |
| KEYBANK NATIONAL ASSOCIATION/OH 0.15% of their portfolio | 934.0k $32.1m | Reduced -72.7k |
| Woodson Capital Management, LP 5.32% of their portfolio | 930.0k $32.0m | Reduced -320.0k |
| Adelante Capital Management LLC 2.67% of their portfolio | 881.5k $30.3m | Reduced -113.4k |
| CANADA LIFE ASSURANCE Co 0.07% of their portfolio | 875.3k $30.2m | Reduced -19.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 858.1k $29.5m | Added +62.9k |
| National Pension Service 0.05% of their portfolio | 824.8k $28.1m | Added +13.3k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 805.6k $27.7m | Reduced -91.6k |
| NOMURA ASSET MANAGEMENT CO LTD 0.13% of their portfolio | 801.0k $27.6m | Added +20.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 774.5k $26.6m | Added +2.2k |
| TORONTO DOMINION BANK 0.02% of their portfolio | 727.4k $25.0m | Added +387.8k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 726.8k $25.0m | Reduced -74.2k |
| Hazelview Securities Inc. 3.87% of their portfolio | 723.4k $25.1m | First filing |
| MACKENZIE FINANCIAL CORP 0.04% of their portfolio | 659.2k $23.0m | Added +601.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 651.4k $22.4m | Reduced -18.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 617.7k $21.2m | Reduced -15.4k |
| CHILTON CAPITAL MANAGEMENT LLC 1.16% of their portfolio | 614.2k $21.1m | Reduced -39.6k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 613.5k $21.1m | Added +135.2k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.35% of their portfolio | 570.1k $19.6m | Reduced -66.7k |
| STRS OHIO 0.08% of their portfolio | 543.9k $18.7m | Reduced -1.4m |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 535.0k $18.4m | Reduced -6.1k |
| GATEWAY INVESTMENT ADVISERS LLC 0.22% of their portfolio | 534.8k $18.4m | Added +31.7k |
| Investure, LLC 3.45% of their portfolio | 524.9k $18.1m | Unchanged |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 508.3k $17.5m | Reduced -7.4k |
| Fidelity National Financial, Inc. 0.52% of their portfolio | 500.0k $17.2m | Unchanged |
| FIL Ltd 0.02% of their portfolio | 491.6k $16.9m | Added +6.5k |
| Retirement Systems of Alabama 0.07% of their portfolio | 485.0k $16.7m | Reduced -40.2k |
| MARSHALL WACE, LLP 0.04% of their portfolio | 481.8k $16.6m | Added +339.8k |
| Carlyle Group Inc. 0.59% of their portfolio | 477.5k $16.4m | Unchanged |
| GUGGENHEIM CAPITAL LLC 0.13% of their portfolio | 472.3k $16.2m | Added +208.9k |
| DekaBank Deutsche Girozentrale 0.04% of their portfolio | 471.8k $16.1m | Added +4.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 422.7k $14.5m | Added +49.0k |
| Cercano Management LLC 0.50% of their portfolio | 419.8k $14.4m | Unchanged |
| State of Alaska, Department of Revenue 0.17% of their portfolio | 417.1k $14.3m | Reduced -81.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 407.6k $14.0m | Reduced -8.3k |
| Utah Retirement Systems 0.19% of their portfolio | 401.7k $13.8m | Added +66.6k |
| Korea Investment CORP 0.04% of their portfolio | 395.5k $13.6m | Reduced -52.3k |
| AXA S.A. 0.04% of their portfolio | 385.6k $13.3m | Reduced -24.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 383.8k $13.2m | Added +37.1k |
| Prana Capital Management, LP 0.87% of their portfolio | 376.7k $13.0m | Added +178.5k |
| CI INVESTMENTS INC. 0.06% of their portfolio | 374.0k $12.9m | Reduced -16.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 370.9k $12.8m | Reduced -123.1k |
| CIBC Private Wealth Group LLC 0.01% of their portfolio | 370.8k $12.8m | Added +245.1k |