PEBBLEBROOK HOTEL TR PEB
COM · REIT · CUSIP 70509V100
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersBethesda, MD
- 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 ($46.8k this quarter). Holder counts are more reliable. Shares outstanding: 120.5m as of 2024-07-19, 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 ≈ $13.75. Options: 4 managers hold calls ($54.9m notional), 2 hold puts ($13.8k).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 254 |
| Q4 2022 | 253 |
| Q1 2023 | 243 |
| Q2 2023 | 239 |
| Q3 2023 | 231 |
| Q4 2023 | 236 |
| Q1 2024 | 240 |
| Q2 2024 | 244 |
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 | 121 | 125 |
| Q1 2023 | 147 | 105 |
| Q2 2023 | 83 | 149 |
| Q3 2023 | 78 | 139 |
| Q4 2023 | 92 | 117 |
| Q1 2024 | 87 | 126 |
| Q2 2024 | 110 | 123 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $42.1k | $8.2k | 0.19 |
| Q4 2023 | $4.7m | $606.9k | 0.13 |
| Q1 2024 | $63.2m | $1.8m | 0.03 |
| Q2 2024 | $54.9m | $13.8k | 0.00 |
Biggest buyers
| Alyeska Investment Group, L.P. | Added | +1.2m |
| Balyasny Asset Management L.P. | Added | +1.1m |
| BANK OF MONTREAL /CAN/ | Added | +760.0k |
| ExodusPoint Capital Management, LP | New | +694.5k |
| BlackRock Inc. | Added | +588.8k |
| D. E. Shaw & Co., Inc. | Added | +541.6k |
| Nuveen Asset Management, LLC | Added | +491.5k |
| JPMORGAN CHASE & CO | Added | +361.7k |
| BANK OF AMERICA CORP /DE/ | Added | +336.5k |
| NOMURA HOLDINGS INC | Added | +325.8k |
Biggest sellers
| MORGAN STANLEY | Reduced | -7.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -1.6m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | Reduced | -1.2m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -915.1k |
| Brookfield Corp /ON/ | Sold out | -682.6k |
| VANGUARD GROUP INC | Reduced | -561.9k |
| PGGM Investments | Reduced | -552.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -452.1k |
| BARCLAYS PLC | Reduced | -421.8k |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -280.7k |
Biggest calls
| UBS Group AG | Unchanged | $54.0m3.9m shares |
| DEUTSCHE BANK AG\ | Reduced | $756.2k55.0k shares |
| CITADEL ADVISORS LLC | Added | $162.2k11.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $13.8k1.0k 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 2025-04-30 | 17.5% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-02-05 | 10.1% |
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution +2.2 pts · filed 2026-08-14 | 7.6% |
| STATE STREET CORP 13G · institution new · filed 2026-05-12 | 5.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: Alyeska Investment Group, L.P. (2.2%, 2026-08-14), T. Rowe Price Investment Management, Inc. (4.8%, 2026-08-14), BANK OF AMERICA CORP /DE/ (3.7%, 2026-08-12), FULLER & THALER ASSET MANAGEMENT, INC. (4.3%, 2026-05-13), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
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 | — | 1 | $77.1k | — |
| Q4 2022 | 0 | — | 1 | $58.4k | — |
| Q1 2023 | 1 | $1.7m | 0 | — | — |
| Q2 2023 | 1 | $650.0k | 0 | — | — |
| Q3 2023 | 0 | — | 1 | $144.6k | — |
| Q4 2023 | 1 | $476.6k | 1 | $98.6k | — |
| Q1 2024 | 0 | — | 2 | $358.6k | — |
| Q2 2024 | 1 | $884.3k | 1 | $46.5k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-26 | Miller Phillip M. Director | Sold | $46.5k3.5k shares |
| 2024-06-11 | BORTZ JON E Chairman and CEO, director | Bought | $217.6k16.0k shares |
| 2024-06-10 | BORTZ JON E Chairman and CEO, director | Bought | $393.8k29.0k shares |
| 2024-05-30 | BORTZ JON E Chairman and CEO, director | Bought | $232.4k17.0k shares |
| 2024-05-29 | BORTZ JON E Chairman and CEO, director | Bought | $40.5k3.0k 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 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 22.7m $312.1m | Added +588.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 18.8m $258.6m | Reduced -561.9k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.59% of their portfolio | 10.1m $138.2m | Reduced -82.4k |
| STATE STREET CORP 0.00% of their portfolio | 7.4m $101.2m | Reduced -153.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 6.5m $89.7m | Reduced -280.7k |
| T. Rowe Price Investment Management, Inc. 0.05% of their portfolio | 6.1m $83.2m | Added +81.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 5.5m $75.6m | Reduced -915.1k |
| EARNEST PARTNERS LLC 0.32% of their portfolio | 5.0m $69.2m | Added +51.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 3.8m $51.8m | Added +336.5k |
| Balyasny Asset Management L.P. 0.13% of their portfolio | 3.6m $49.2m | Added +1.1m |
| PGGM Investments 0.64% of their portfolio | 3.2m $44.6m | Reduced -552.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.0m $41.5m | Added +117.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 2.8m $39.1m | Reduced -88.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.3m $31.5m | Added +18.7k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 2.2m $29.9m | Reduced -1.2m |
| MORGAN STANLEY 0.00% of their portfolio | 2.1m $29.1m | Reduced -7.0m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.1m $28.7m | Added +144.9k |
| Legal & General Group Plc 0.01% of their portfolio | 2.0m $27.2m | Reduced -17.3k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 2.0m $27.0m | Added +541.6k |
| Alyeska Investment Group, L.P. 0.15% of their portfolio | 1.9m $26.2m | Added +1.2m |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 1.9m $25.8m | Added +760.0k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.7m $24.0m | Added +41.7k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.14% of their portfolio | 1.5m $20.7m | Added +97.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.4m $18.7m | Added +361.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.3m $18.2m | Reduced -39.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.3m $17.7m | Added +30.9k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.3m $17.7m | Reduced -22.1k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.1m $15.5m | Added +304.5k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 914.2k $12.6m | Added +97.1k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 876.7k $12.1m | Added +491.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 808.2k $11.1m | Reduced -6.2k |
| Invesco Ltd. 0.00% of their portfolio | 765.2k $10.5m | Added +20.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 761.3k $10.5m | Reduced -158.1k |
| ExodusPoint Capital Management, LP 0.10% of their portfolio | 694.5k $9.5m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 689.9k $9.5m | Reduced -7.3k |
| UBS Group AG 0.00% of their portfolio | 673.4k $9.3m | Reduced -128.6k |
| BARCLAYS PLC 0.00% of their portfolio | 648.1k $8.9m | Reduced -421.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 647.9k $8.9m | Reduced -31.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 624.4k $8.6m | Added +4.6k |
| NOMURA HOLDINGS INC 0.05% of their portfolio | 585.2k $8.0m | Added +325.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 580.4k $8.0m | Added +12.2k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 558.0k $7.7m | Reduced -69.5k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 542.3k $7.5m | Reduced -338 |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 432.8k $6.0m | Reduced -32.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 415.3k $5.6m | Added +100.4k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 407.9k $5.6m | Added +982 |
| Hudson Bay Capital Management LP 0.04% of their portfolio | 406.4k $5.6m | Reduced -304 |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 355.2k $4.9m | Reduced -191.9k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 338.6k $4.7m | Added +67.3k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 330.2k $4.5m | Added +56.5k |
| State of New Jersey Common Pension Fund D 0.02% of their portfolio | 288.9k $4.0m | Reduced -115.5k |
| CHARTWELL INVESTMENT PARTNERS, LLC 0.14% of their portfolio | 287.0k $3.9m | Reduced -38.7k |
| TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio | 280.1k $3.9m | New |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 271.6k $3.7m | Added +22.2k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 265.2k $3.6m | Added +18.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 249.8k $3.4m | Reduced -115.6k |
| Swiss National Bank 0.00% of their portfolio | 237.5k $3.3m | Unchanged |
| Verition Fund Management LLC 0.02% of their portfolio | 224.7k $3.1m | Added +169.2k |
| NORGES BANK 0.00% of their portfolio | 211.6k $2.9m | Reduced -236.4k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 193.7k $2.7m | Reduced -2.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 192.9k $2.7m | Reduced -1.4k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 189.6k $2.6m | Reduced -2.5k |
| Phocas Financial Corp. 0.29% of their portfolio | 186.0k $2.6m | Reduced -8.8k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 175.6k $2.4m | Added +18.7k |
| Asset Management One Co., Ltd. 0.01% of their portfolio | 174.0k $2.4m | Reduced -5.7k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 168.4k $2.3m | Reduced -1.8k |
| HRT FINANCIAL LP 0.01% of their portfolio | 163.4k $2.2m | Added +107.9k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 160.6k $2.2m | Reduced -281 |
| Palogic Value Management, L.P. 0.90% of their portfolio | 155.0k $2.1m | Added +40.0k |
| NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio | 152.3k $2.1m | Added +11.8k |
| GSA CAPITAL PARTNERS LLP 0.15% of their portfolio | 151.7k $2.1m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 149.1k $2.0m | Reduced -452.1k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 141.7k $1.9m | Added +45.5k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 139.9k $1.9m | Reduced -18.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 135.2k $1.9m | Added +916 |
| CITIGROUP INC 0.00% of their portfolio | 133.2k $1.8m | Reduced -5.8k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.02% of their portfolio | 130.3k $1.8m | Unchanged |
| State of Alaska, Department of Revenue 0.02% of their portfolio | 128.1k $1.8m | Reduced -1.6k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 124.5k $1.7m | Added +20.3k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.02% of their portfolio | 123.3k $1.7m | Added +27.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 117.3k $1.6m | Reduced -3.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 113.6k $1.6m | Reduced -53.3k |
| MARTINGALE ASSET MANAGEMENT L P 0.03% of their portfolio | 95.3k $1.3m | Added +16.0k |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 91.7k $1.3m | New |
| Quantbot Technologies LP 0.06% of their portfolio | 90.9k $1.3m | Reduced -26.0k |
| Heitman Real Estate Securities LLC 0.07% of their portfolio | 85.5k $1.2m | Added +8.6k |
| Amundi 0.00% of their portfolio | 85.0k $1.1m | Reduced -9.1k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 82.7k $1.1m | Reduced -49 |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 80.4k $1.1m | Added +50.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 76.6k $1.1m | Unchanged |
| AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio | 75.7k $1.0m | New |
| MARSHALL WACE, LLP 0.00% of their portfolio | 74.9k $1.0m | Reduced -62.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 74.2k $1.0m | Added +12.1k |
| PERRY CREEK CAPITAL LP 0.48% of their portfolio | 73.1k $1.0m | Unchanged |
| MetLife Investment Management, LLC 0.01% of their portfolio | 72.4k $995.4k | Added +12.0k |
| Engineers Gate Manager LP 0.02% of their portfolio | 70.1k $964.2k | Added +36.9k |
| Corebridge Financial, Inc. 0.01% of their portfolio | 69.3k $953.1k | First filing |
| Illinois Municipal Retirement Fund 0.01% of their portfolio | 66.8k $918.9k | Reduced -516 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 65.6k $901.8k | Added +2.4k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 64.2k $882.3k | Reduced -613 |