PHILLIPS EDISON & CO INC PECO
COMMON STOCK · REIT · CUSIP 71844V201 · ISIN US71844V2016
American real estate investment trust
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersCincinnati, OH
- Founded1991
- Websitephillipsedison.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 ($227.7k this quarter). Holder counts are more reliable. Shares outstanding: 122.5m 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 ≈ $32.72. Options: 5 managers hold calls ($2.5m notional), 2 hold puts ($16.4k).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 330 |
| Q4 2022 | 343 |
| Q1 2023 | 349 |
| Q2 2023 | 365 |
| Q3 2023 | 360 |
| Q4 2023 | 381 |
| Q1 2024 | 363 |
| Q2 2024 | 374 |
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 | 142 | 152 |
| Q1 2023 | 139 | 158 |
| Q2 2023 | 153 | 157 |
| Q3 2023 | 128 | 172 |
| Q4 2023 | 151 | 156 |
| Q1 2024 | 147 | 176 |
| Q2 2024 | 152 | 173 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $5.3m | $1.2m | 0.23 |
| Q4 2023 | $4.0m | $1.4m | 0.34 |
| Q1 2024 | $3.8m | $49.5k | 0.01 |
| Q2 2024 | $2.5m | $16.4k | 0.01 |
Biggest buyers
| Alyeska Investment Group, L.P. | Added | +1.2m |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | New | +982.0k |
| JPMORGAN CHASE & CO | Added | +976.1k |
| GOLDMAN SACHS GROUP INC | Added | +448.0k |
| Balyasny Asset Management L.P. | New | +403.6k |
| MILLENNIUM MANAGEMENT LLC | New | +256.7k |
| DIMENSIONAL FUND ADVISORS LP | Added | +179.8k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +153.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | New | +125.0k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +118.7k |
Biggest sellers
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -2.0m |
| MORGAN STANLEY | Reduced | -2.0m |
| GRS Advisors, LLC | Sold out | -1.0m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -607.7k |
| Holocene Advisors, LP | Reduced | -591.7k |
| FMR LLC | Reduced | -317.6k |
| Cetera Investment Advisers | Reduced | -268.9k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -233.1k |
| Edgestream Partners, L.P. | Reduced | -199.8k |
| BlackRock Inc. | Reduced | -168.3k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $1.6m49.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $798.1k24.4k shares |
| GROUP ONE TRADING LLC | Reduced | $62.1k1.9k shares |
| SIMPLEX TRADING, LLC | New | $22.0k700 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $16.4k500 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 |
|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-02-05 | 10.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.3% |
Fell to 5% or below in the last year: WELLINGTON MANAGEMENT GROUP LLP (4.1%, 2026-05-15), 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 | — | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $301.6k | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 1 | $291.8k | 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. 0.02% of their portfolio | 21.4m $700.5m | Reduced -168.3k |
| VANGUARD GROUP INC 0.01% of their portfolio | 19.2m $629.0m | Reduced -107.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 7.7m $251.1m | Added +118.7k |
| STATE STREET CORP 0.01% of their portfolio | 7.1m $231.3m | Reduced -59.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.2m $103.8m | Added +153.9k |
| FMR LLC 0.01% of their portfolio | 2.8m $92.4m | Reduced -317.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.3m $75.1m | Added +976.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.0m $65.2m | Added +29.7k |
| MACQUARIE GROUP LTD 0.06% of their portfolio | 1.6m $52.1m | Added +13.9k |
| Alyeska Investment Group, L.P. 0.29% of their portfolio | 1.6m $51.0m | Added +1.2m |
| NORGES BANK 0.01% of their portfolio | 1.5m $48.4m | Added +53.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.3m $43.6m | Reduced -107.7k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.3m $40.9m | Added +179.8k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.1m $36.2m | Added +27.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.1m $34.4m | Reduced -2.0m |
| MORGAN STANLEY 0.00% of their portfolio | 1.0m $33.7m | Reduced -2.0m |
| Legal & General Group Plc 0.01% of their portfolio | 995.7k $32.6m | Reduced -120.3k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.41% of their portfolio | 982.0k $32.1m | New |
| Cetera Investment Advisers 0.07% of their portfolio | 901.2k $29.5m | Reduced -268.9k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 883.9k $28.9m | Added +76.8k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 760.3k $24.9m | Added +1.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 626.0k $20.5m | Added +448.0k |
| Thrivent Financial for Lutherans 0.04% of their portfolio | 609.5k $19.9m | Reduced -54.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 604.5k $19.8m | Reduced -29.2k |
| Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio | 442.1k $14.5m | Reduced -80.2k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 403.6k $13.2m | New |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 402.1k $13.2m | Added +4.8k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 389.5k $12.7m | Reduced -233.1k |
| Invesco Ltd. 0.00% of their portfolio | 387.4k $12.7m | Added +16.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 331.1k $10.8m | Reduced -24.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 329.7k $10.8m | Reduced -19.1k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 321.3k $10.5m | Added +90.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 310.2k $10.1m | Reduced -2.2k |
| LPL Financial LLC 0.00% of their portfolio | 286.5k $9.4m | Reduced -33.3k |
| Asset Management One Co., Ltd. 0.04% of their portfolio | 280.9k $9.2m | Reduced -22.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 270.3k $8.8m | Reduced -52.4k |
| Public Sector Pension Investment Board 0.06% of their portfolio | 269.3k $8.8m | Added +19.2k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 256.7k $8.4m | New |
| Swiss National Bank 0.01% of their portfolio | 240.5k $7.9m | Added +4.4k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 239.9k $7.8m | Added +2.3k |
| OSAIC HOLDINGS, INC. 0.02% of their portfolio | 233.6k $7.6m | Reduced -101.5k |
| B&I Capital AG 2.33% of their portfolio | 222.8k $7.3m | Unchanged |
| California Public Employees Retirement System 0.00% of their portfolio | 203.9k $6.7m | Added +14.9k |
| BARCLAYS PLC 0.00% of their portfolio | 187.3k $6.1m | Added +46.3k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 174.5k $5.7m | Reduced -903 |
| Prime Capital Investment Advisors, LLC 0.08% of their portfolio | 172.9k $5.7m | Reduced -13.5k |
| Mariner, LLC 0.01% of their portfolio | 170.6k $5.6m | Reduced -16.4k |
| McAdam, LLC 0.33% of their portfolio | 166.1k $5.4m | Reduced -4.8k |
| INDEPENDENT FINANCIAL GROUP, LLC 0.21% of their portfolio | 160.9k $5.3m | Reduced -22.9k |
| ExodusPoint Capital Management, LP 0.06% of their portfolio | 158.4k $5.2m | Reduced -37.2k |
| NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio | 152.7k $5.0m | Added +8.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 150.7k $4.9m | Reduced -607.7k |
| WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio | 139.5k $4.6m | Unchanged |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 135.3k $4.4m | Reduced -595 |
| CENTAURUS FINANCIAL, INC. 0.29% of their portfolio | 131.4k $4.3m | Added +4.5k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 131.1k $4.3m | Reduced -8.2k |
| State of Alaska, Department of Revenue 0.05% of their portfolio | 130.8k $4.3m | Reduced -476 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio | 127.0k $4.2m | Reduced -4.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 125.0k $4.1m | New |
| CITIGROUP INC 0.00% of their portfolio | 122.8k $4.0m | Added +2.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 119.3k $3.9m | Reduced -340 |
| Ameritas Advisory Services, LLC 0.15% of their portfolio | 118.4k $3.9m | Reduced -668 |
| KENNEDY CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 114.7k $3.8m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 111.7k $3.7m | Added +77.2k |
| MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio | 106.1k $3.5m | Reduced -5.6k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.03% of their portfolio | 105.7k $3.5m | Added +7.4k |
| Aberdeen Group plc 0.01% of their portfolio | 103.3k $3.4m | Added +117 |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 100.2k $3.3m | Added +27.8k |
| Employees Retirement System of Texas 0.03% of their portfolio | 100.0k $3.3m | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 98.4k $3.2m | Reduced -519 |
| AlphaQuest LLC 0.43% of their portfolio | 97.2k $3.2m | Added +97.1k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 89.3k $2.9m | Reduced -7.8k |
| Amundi 0.00% of their portfolio | 87.7k $2.9m | Added +14.1k |
| DIVERSIFY WEALTH MANAGEMENT, LLC 0.37% of their portfolio | 86.8k $2.9m | First filing |
| MONEY CONCEPTS CAPITAL CORP 0.23% of their portfolio | 85.5k $2.8m | Reduced -149 |
| Modern Wealth Management, LLC 0.20% of their portfolio | 83.4k $2.7m | Reduced -221 |
| Cubist Systematic Strategies, LLC 0.05% of their portfolio | 82.4k $2.7m | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 78.3k $2.6m | Added +3.8k |
| ClariVest Asset Management LLC 0.26% of their portfolio | 78.1k $2.6m | Added +87 |
| RMR Wealth Builders 0.29% of their portfolio | 78.0k $2.6m | Reduced -4.7k |
| HARBOR CAPITAL ADVISORS, INC. 0.19% of their portfolio | 77.7k $2.5m | Added +31.2k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 77.2k $2.5m | New |
| UniSuper Management Pty Ltd 0.02% of their portfolio | 75.2k $2.5m | Added +13.0k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 74.7k $2.4m | Added +13.2k |
| Kestra Advisory Services, LLC 0.01% of their portfolio | 74.4k $2.4m | Added +7.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 72.8k $2.4m | Reduced -7.9k |
| J.W. COLE ADVISORS, INC. 0.11% of their portfolio | 72.6k $2.4m | Added +1.7k |
| Atria Wealth Solutions, Inc. 0.03% of their portfolio | 72.1k $2.4m | Added +1.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 71.5k $2.3m | Added +3.8k |
| Corebridge Financial, Inc. 0.01% of their portfolio | 71.2k $2.3m | First filing |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 70.0k $2.3m | Added +7.1k |
| FIRST FOUNDATION ADVISORS 0.09% of their portfolio | 69.8k $2.3m | Reduced -7.5k |
| Holocene Advisors, LP 0.01% of their portfolio | 68.1k $2.2m | Reduced -591.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 66.9k $2.2m | Added +5.2k |
| O'Dell Group, LLC 0.58% of their portfolio | 66.4k $2.4m | Unchanged |
| Illinois Municipal Retirement Fund 0.03% of their portfolio | 66.0k $2.2m | Reduced -1.6k |
| Koshinski Asset Management, Inc. 0.19% of their portfolio | 64.5k $2.1m | Added +5.9k |
| My Legacy Advisors, LLC 0.66% of their portfolio | 63.0k $2.1m | Reduced -3.6k |
| Vestcor Inc 0.07% of their portfolio | 62.3k $2.0m | Added +59.7k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 61.8k $2.0m | First filing |