MID-AMER APT CMNTYS INC MAA
COM · REIT · CUSIP 59522J103 · ISIN US59522J1034
Real estate investment trust operating throughout the southeastern, southwestern, and mid-Atlantic United States
* 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 ($75.6m this quarter). Holder counts are more reliable. Shares outstanding: 117.1m as of 2025-10-27, 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 ≈ $139.55. Options: 10 managers hold calls ($36.1m notional), 8 hold puts ($41.1m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 631 |
| Q4 2022 | 630 |
| Q1 2023 | 655 |
| Q2 2023 | 647 |
| Q3 2023 | 634 |
| Q4 2023 | 670 |
| Q1 2024 | 645 |
| Q2 2024 | 684 |
| Q3 2024 | 718 |
| Q4 2024 | 709 |
| Q1 2025 | 736 |
| Q2 2025 | 747 |
| Q3 2025 | 739 |
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 2023 | 303 | 308 |
| Q1 2024 | 296 | 322 |
| Q2 2024 | 343 | 278 |
| Q3 2024 | 325 | 307 |
| Q4 2024 | 310 | 300 |
| Q1 2025 | 356 | 286 |
| Q2 2025 | 388 | 298 |
| Q3 2025 | 330 | 361 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $15.2m | $9.8m | 0.64 |
| Q1 2025 | $57.0m | $25.2m | 0.44 |
| Q2 2025 | $50.2m | $45.8m | 0.91 |
| Q3 2025 | $36.1m | $41.1m | 1.14 |
Biggest buyers
| VIKING GLOBAL INVESTORS LP | New | +2.6m |
| JPMORGAN CHASE & CO | Added | +1.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.0m |
| River Road Asset Management, LLC | Added | +347.5k |
| UBS Group AG | Added | +282.3k |
| Invesco Ltd. | Added | +184.5k |
| STATE STREET CORP | Added | +125.1k |
| ExodusPoint Capital Management, LP | New | +121.6k |
| BARCLAYS PLC | Added | +119.5k |
| Brookfield Corp /ON/ | New | +118.0k |
Biggest sellers
| FMR LLC | Reduced | -1.3m |
| Capital World Investors | Reduced | -913.0k |
| COHEN & STEERS, INC. | Reduced | -756.1k |
| Daiwa Securities Group Inc. | Reduced | -534.1k |
| ROYAL BANK OF CANADA | Reduced | -455.0k |
| MORGAN STANLEY | Reduced | -386.0k |
| BlackRock, Inc. | Reduced | -384.5k |
| DEUTSCHE BANK AG\ | Reduced | -315.8k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -172.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -141.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $13.1m93.9k shares |
| JANE STREET GROUP, LLC | Reduced | $8.1m58.1k shares |
| CITADEL ADVISORS LLC | Reduced | $5.6m40.2k shares |
| IMC-Chicago, LLC | New | $2.5m18.1k shares |
| BANK OF AMERICA CORP /DE/ | New | $2.4m17.0k shares |
| SIMPLEX TRADING, LLC | Added | $1.7m12.0k shares |
| Walleye Trading LLC | Added | $1.2m8.9k shares |
| WOLVERINE TRADING, LLC | Added | $914.8k6.6k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $419.2k3.0k shares |
| Tidal Investments LLC | New | $83.8k600 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $26.0m185.9k shares |
| CITADEL ADVISORS LLC | Added | $7.1m51.1k shares |
| IMC-Chicago, LLC | Added | $2.8m20.2k shares |
| JANE STREET GROUP, LLC | Added | $2.6m18.9k shares |
| WOLVERINE TRADING, LLC | Added | $1.8m13.1k shares |
| TUDOR INVESTMENT CORP ET AL | Unchanged | $391.2k2.8k shares |
| Walleye Trading LLC | Reduced | $223.6k1.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $139.0k1.0k 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 | 10.2% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 8.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
| VIKING GLOBAL INVESTORS LP 13G · passive investor new · filed 2026-10-05 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), Capital World Investors (0.2%, 2026-02-13)
Insider purchases and sales in Q3 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 |
|---|---|---|---|---|---|
| Q4 2023 | 1 | $254.7k | 0 | — | — |
| Q1 2024 | 0 | — | 4 | $1.5m | $1.5m |
| Q2 2024 | 1 | $13.2k | 3 | $978.1k | $978.1k |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 6 | $1.5m | $1.5m |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.04% of their portfolio | 18.6m $2.6bn | Added +23.5k |
| BlackRock, Inc. 0.03% of their portfolio | 12.4m $1.7bn | Reduced -384.5k |
| STATE STREET CORP 0.04% of their portfolio | 8.1m $1.1bn | Added +125.1k |
| Capital World Investors 0.15% of their portfolio | 7.9m $1.1bn | Reduced -913.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 3.4m $471.1m | Added +68.3k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.1m $434.8m | Added +1.1m |
| APG Asset Management US Inc. 3.07% of their portfolio | 3.0m $416.5m | Reduced -66.3k |
| VIKING GLOBAL INVESTORS LP 0.96% of their portfolio | 2.6m $369.6m | New |
| NORTHERN TRUST CORP 0.04% of their portfolio | 2.1m $299.7m | Added +26.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.09% of their portfolio | 2.1m $288.9m | Reduced -141.2k |
| Invesco Ltd. 0.04% of their portfolio | 2.0m $282.2m | Added +184.5k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.79% of their portfolio | 1.8m $247.5m | Reduced -37.8k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 1.7m $236.8m | Added +9.2k |
| Legal & General Group Plc 0.05% of their portfolio | 1.5m $206.5m | Reduced -32.4k |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 1.5m $205.6m | Reduced -315.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.4m $202.3m | Added +14.1k |
| MORGAN STANLEY 0.01% of their portfolio | 1.4m $194.5m | Reduced -386.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 1.2m $168.8m | Added +1.0m |
| Nuveen, LLC 0.04% of their portfolio | 1.1m $155.7m | Added +36.9k |
| 1832 Asset Management L.P. 0.21% of their portfolio | 886.1k $123.8m | Added +13.4k |
| River Road Asset Management, LLC 1.36% of their portfolio | 869.9k $121.5m | Added +347.5k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.24% of their portfolio | 781.3k $109.2m | Added +56.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 766.4k $107.1m | Added +54.0k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 747.5k $104.4m | Reduced -21.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 730.6k $102.1m | Reduced -29.1k |
| Russell Investments Group, Ltd. 0.11% of their portfolio | 719.7k $100.4m | Reduced -46.0k |
| UBS Group AG 0.02% of their portfolio | 712.2k $99.5m | Added +282.3k |
| AEW CAPITAL MANAGEMENT L P 4.81% of their portfolio | 617.5k $86.3m | Added +107.4k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 513.5k $71.8m | Added +79.4k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 510.9k $71.4m | Added +12.2k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 495.3k $69.2m | Added +47.7k |
| FMR LLC 0.00% of their portfolio | 462.0k $64.6m | Reduced -1.3m |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 397.3k $55.5m | Added +88.9k |
| CRAWFORD INVESTMENT COUNSEL INC 0.91% of their portfolio | 392.9k $54.9m | Added +98.6k |
| ANCHOR CAPITAL ADVISORS LLC 1.57% of their portfolio | 388.4k $54.3m | Added +31.8k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 375.5k $52.5m | Reduced -91.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 368.2k $51.4m | Added +8.9k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.24% of their portfolio | 367.1k $51.3m | Reduced -3.0k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 358.7k $50.1m | Reduced -455.0k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.32% of their portfolio | 345.0k $48.2m | Added +15.5k |
| Swiss National Bank 0.03% of their portfolio | 337.4k $47.1m | Reduced -16.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 332.2k $46.4m | Added +24.0k |
| BARCLAYS PLC 0.02% of their portfolio | 331.6k $46.3m | Added +119.5k |
| California Public Employees Retirement System 0.03% of their portfolio | 325.4k $45.5m | Added +21.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 320.4k $44.8m | Added +64.2k |
| Amundi 0.01% of their portfolio | 311.6k $42.4m | Added +25.2k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 284.2k $39.7m | Reduced -33.0k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 274.1k $38.0m | Added +13.4k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 260.7k $36.4m | Added +68.6k |
| State of Tennessee, Department of Treasury 0.12% of their portfolio | 254.7k $35.6m | Added +28.6k |
| Heitman Real Estate Securities LLC 2.42% of their portfolio | 253.3k $35.4m | Added +95.7k |
| Balyasny Asset Management L.P. 0.07% of their portfolio | 252.9k $35.3m | Reduced -114.1k |
| CITIGROUP INC 0.02% of their portfolio | 248.7k $34.7m | Added +65.0k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 245.7k $34.3m | Reduced -12.3k |
| Asset Management One Co., Ltd. 0.10% of their portfolio | 243.3k $34.0m | Added +6.1k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 239.0k $33.4m | Added +40.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 224.2k $31.3m | Added +1.8k |
| PRUDENTIAL FINANCIAL INC 0.04% of their portfolio | 222.5k $31.1m | Added +26.6k |
| Starwood Capital Group Management, L.L.C. 17.38% of their portfolio | 219.4k $30.7m | Unchanged |
| Clarkston Capital Partners, LLC 0.63% of their portfolio | 210.0k $29.3m | Unchanged |
| NOMURA ASSET MANAGEMENT CO LTD 0.08% of their portfolio | 207.8k $29.0m | Added +4.6k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.09% of their portfolio | 206.4k $28.8m | Reduced -1.7k |
| Gotham Asset Management, LLC 0.12% of their portfolio | 203.7k $28.5m | Added +38.8k |
| SG Americas Securities, LLC 0.10% of their portfolio | 202.3k $28.3m | Added +89.9k |
| Quinn Opportunity Partners LLC 2.04% of their portfolio | 199.5k $27.9m | Added +98.5k |
| Quantinno Capital Management LP 0.08% of their portfolio | 197.9k $27.7m | Added +104.2k |
| National Pension Service 0.02% of their portfolio | 195.9k $27.4m | Added +1.9k |
| SNYDER CAPITAL MANAGEMENT L P 0.51% of their portfolio | 194.9k $27.2m | Reduced -3.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 190.6k $26.6m | Added +59.2k |
| Swedbank AB 0.03% of their portfolio | 188.1k $26.3m | Added +11.2k |
| Daiwa Securities Group Inc. 0.09% of their portfolio | 187.3k $26.2m | Reduced -534.1k |
| Perpetual Ltd 0.32% of their portfolio | 183.7k $25.7m | Reduced -1.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 183.3k $25.6m | Added +12.5k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 181.1k $25.3m | Reduced -9.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 179.4k $25.1m | Reduced -2.2k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.25% of their portfolio | 178.1k $24.9m | Added +53.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 173.5k $24.2m | Reduced -3.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 170.6k $23.8m | Added +257 |
| FIL Ltd 0.02% of their portfolio | 165.7k $23.1m | Reduced -69.0k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 162.8k $22.7m | Added +18.6k |
| Ceredex Value Advisors LLC 0.51% of their portfolio | 155.9k $21.8m | Reduced -48.1k |
| Aberdeen Group plc 0.03% of their portfolio | 153.4k $21.3m | Added +4.7k |
| Rakuten Investment Management, Inc. 0.05% of their portfolio | 151.2k $14.2m | First filing |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.05% of their portfolio | 148.1k $20.7m | Reduced -45.5k |
| HANCOCK WHITNEY CORP 0.37% of their portfolio | 146.7k $20.5m | Reduced -3.5k |
| Andra AP-fonden 0.26% of their portfolio | 143.5k $20.1m | Added +23.3k |
| Investure, LLC 1.22% of their portfolio | 140.7k $19.7m | Unchanged |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.12% of their portfolio | 137.2k $19.2m | Reduced -6.3k |
| APG Asset Management N.V. 0.05% of their portfolio | 136.6k $16.2m | Reduced -3.0k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 135.6k $19.0m | Added +11.4k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 129.3k $18.1m | Added +2.9k |
| Capital International, Inc./CA/ 0.14% of their portfolio | 125.8k $17.6m | Added +10.2k |
| COHEN & STEERS, INC. 0.03% of their portfolio | 125.6k $17.6m | Reduced -756.1k |
| ExodusPoint Capital Management, LP 0.24% of their portfolio | 121.6k $17.0m | New |
| ZACKS INVESTMENT MANAGEMENT 0.13% of their portfolio | 119.4k $16.7m | Added +6.4k |
| Brookfield Corp /ON/ 0.02% of their portfolio | 118.0k $16.5m | New |
| Adelante Capital Management LLC 1.10% of their portfolio | 117.8k $16.5m | Reduced -10.8k |
| MACQUARIE GROUP LTD 0.02% of their portfolio | 116.5k $16.3m | Added +3.4k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.03% of their portfolio | 113.7k $15.9m | Reduced -10.5k |
| CWM, LLC 0.05% of their portfolio | 112.9k $15.8m | Added +3.8k |