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 ($2.9m this quarter). Holder counts are more reliable. Shares outstanding: 125.2m as of 2025-02-03, 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 ≈ $37.46. Options: 4 managers hold calls ($1.8m notional), 2 hold puts ($277.2k).
Trends to Q4 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 |
| Q3 2024 | 402 |
| Q4 2024 | 403 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 139 | 158 |
| Q2 2023 | 153 | 157 |
| Q3 2023 | 128 | 172 |
| Q4 2023 | 151 | 156 |
| Q1 2024 | 147 | 176 |
| Q2 2024 | 152 | 173 |
| Q3 2024 | 164 | 171 |
| Q4 2024 | 171 | 168 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $3.8m | $49.5k | 0.01 |
| Q2 2024 | $2.5m | $16.4k | 0.01 |
| Q3 2024 | $2.9m | $41.5k | 0.01 |
| Q4 2024 | $1.8m | $277.2k | 0.15 |
Biggest buyers
| BlackRock, Inc. | Added | +619.1k |
| GOLDMAN SACHS GROUP INC | Added | +541.5k |
| ExodusPoint Capital Management, LP | Added | +386.1k |
| FMR LLC | Added | +386.0k |
| NORTHERN TRUST CORP | Added | +356.4k |
| Verition Fund Management LLC | Added | +349.8k |
| STATE STREET CORP | Added | +209.6k |
| AEW CAPITAL MANAGEMENT L P | Added | +200.8k |
| UBS Group AG | Added | +166.3k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +162.0k |
Biggest sellers
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Sold out | -1.1m |
| JPMORGAN CHASE & CO | Reduced | -525.3k |
| Schonfeld Strategic Advisors LLC | Sold out | -243.3k |
| MORGAN STANLEY | Reduced | -226.5k |
| MACQUARIE GROUP LTD | Reduced | -199.0k |
| Employees Retirement System of Texas | Sold out | -170.0k |
| STRS OHIO | Sold out | -141.7k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -141.0k |
| JANE STREET GROUP, LLC | Reduced | -140.0k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Sold out | -104.1k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $1.6m42.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $232.3k6.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.0k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $277.2k7.4k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 22.1m $829.0m | Added +619.1k |
| VANGUARD GROUP INC 0.01% of their portfolio | 19.3m $723.8m | Added +82.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio | 7.5m $282.4m | Added +162.0k |
| STATE STREET CORP 0.01% of their portfolio | 7.3m $273.4m | Added +209.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.2m $119.2m | Reduced -8.9k |
| FMR LLC 0.01% of their portfolio | 3.0m $113.4m | Added +386.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.1m $80.4m | Added +51.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.7m $65.1m | Reduced -525.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.7m $63.3m | Added +356.4k |
| NORGES BANK 0.01% of their portfolio | 1.5m $56.0m | Added +13.8k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.65% of their portfolio | 1.5m $54.6m | Reduced -17.2k |
| Alyeska Investment Group, L.P. 0.20% of their portfolio | 1.4m $53.1m | Reduced -32.5k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.4m $52.3m | Added +59.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.4m $51.8m | Added +541.5k |
| MACQUARIE GROUP LTD 0.06% of their portfolio | 1.4m $50.8m | Reduced -199.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.1m $41.3m | Reduced -5.2k |
| MORGAN STANLEY 0.00% of their portfolio | 1.0m $39.2m | Reduced -226.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 969.6k $36.3m | Added +5.0k |
| Legal & General Group Plc 0.01% of their portfolio | 840.4k $31.5m | Reduced -62.9k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 832.1k $31.2m | Added +101.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 785.9k $29.4m | Added +20.1k |
| Cetera Investment Advisers 0.06% of their portfolio | 777.2k $29.1m | Reduced -74.7k |
| AEW CAPITAL MANAGEMENT L P 1.14% of their portfolio | 627.9k $23.5m | Added +200.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 595.2k $22.3m | Added +17.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 590.9k $22.1m | Added +140.9k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 586.1k $22.0m | Reduced -50 |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 510.8k $19.1m | Added +111.2k |
| ExodusPoint Capital Management, LP 0.19% of their portfolio | 499.3k $18.7m | Added +386.1k |
| Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio | 406.8k $15.2m | Reduced -11.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 401.1k $15.0m | Reduced -20.9k |
| Invesco Ltd. 0.00% of their portfolio | 393.6k $14.7m | Added +12.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 391.6k $14.7m | Added +2.9k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 373.1k $14.0m | Reduced -141.0k |
| Verition Fund Management LLC 0.07% of their portfolio | 372.6k $14.0m | Added +349.8k |
| LPL Financial LLC 0.01% of their portfolio | 370.6k $13.9m | Added +41.5k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 359.8k $13.5m | Added +33.9k |
| BARCLAYS PLC 0.01% of their portfolio | 333.3k $12.5m | Added +53.9k |
| UBS Group AG 0.00% of their portfolio | 314.4k $11.8m | Added +166.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 306.1k $11.5m | Reduced -28.5k |
| Public Sector Pension Investment Board 0.05% of their portfolio | 305.5k $11.4m | Added +45.5k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.25% of their portfolio | 303.7k $11.4m | Reduced -9.4k |
| Jain Global LLC 0.32% of their portfolio | 282.7k $10.6m | First filing |
| Asset Management One Co., Ltd. 0.04% of their portfolio | 279.4k $10.5m | Added +6.5k |
| B&I Capital AG 3.16% of their portfolio | 259.0k $9.7m | Added +46.5k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 248.2k $9.3m | Added +61.1k |
| Swiss National Bank 0.01% of their portfolio | 240.9k $9.0m | Added +1.8k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.03% of their portfolio | 218.3k $8.2m | Reduced -1.2k |
| OSAIC HOLDINGS, INC. 0.02% of their portfolio | 205.6k $7.7m | Reduced -11.9k |
| California Public Employees Retirement System 0.00% of their portfolio | 197.7k $7.4m | Reduced -1.4k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 195.1k $7.3m | Reduced -675 |
| CITIGROUP INC 0.01% of their portfolio | 193.5k $7.2m | Added +16.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio | 181.9k $6.8m | Added +42.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 180.8k $6.8m | Reduced -3.6k |
| Mariner, LLC 0.01% of their portfolio | 169.7k $6.4m | Added +31 |
| INDEPENDENT FINANCIAL GROUP, LLC 0.20% of their portfolio | 163.0k $6.1m | Added +25.6k |
| NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio | 162.4k $6.1m | Added +8.8k |
| Prime Capital Investment Advisors, LLC 0.08% of their portfolio | 147.6k $5.5m | Reduced -15.3k |
| McAdam, LLC 0.30% of their portfolio | 145.7k $5.5m | Reduced -3.7k |
| CENTAURUS FINANCIAL, INC. 0.31% of their portfolio | 133.9k $5.0m | Reduced -2.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 132.9k $5.0m | Reduced -1.5k |
| Amundi 0.00% of their portfolio | 129.7k $4.7m | Added +41.6k |
| State of Alaska, Department of Revenue 0.05% of their portfolio | 128.5k $4.8m | Added +344 |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 125.3k $4.7m | Reduced -5.6k |
| Sophron Capital Management L.P. 1.81% of their portfolio | 122.3k $4.6m | First filing |
| Aberdeen Group plc 0.01% of their portfolio | 121.6k $4.6m | Added +15.3k |
| Modern Wealth Management, LLC 0.16% of their portfolio | 117.4k $4.4m | Added +41.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 114.6k $4.3m | Reduced -1.2k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 111.3k $4.2m | Added +22.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 110.6k $4.1m | First filing |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 105.2k $3.9m | Added +9.4k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio | 100.2k $3.8m | Reduced -1.1k |
| Edgestream Partners, L.P. 0.16% of their portfolio | 99.6k $3.7m | New |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 97.8k $3.7m | Added +77 |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 94.8k $3.5m | Reduced -103.7k |
| Kestra Advisory Services, LLC 0.02% of their portfolio | 91.7k $3.4m | Added +45.1k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 89.7k $3.4m | Added +7.3k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.03% of their portfolio | 89.3k $3.3m | Reduced -20.2k |
| Ameritas Advisory Services, LLC 0.11% of their portfolio | 84.1k $3.2m | Reduced -25.5k |
| MONEY CONCEPTS CAPITAL CORP 0.23% of their portfolio | 81.9k $3.1m | Added +1.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 81.1k $3.0m | Added +10.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 80.7k $3.0m | Added +2.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 79.8k $3.0m | Added +8.1k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 79.0k $3.0m | Added +23.4k |
| DIVERSIFY WEALTH MANAGEMENT, LLC 0.22% of their portfolio | 78.2k $2.8m | Reduced -6.7k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.05% of their portfolio | 78.0k $2.9m | First filing |
| MetLife Investment Management, LLC 0.02% of their portfolio | 77.9k $2.9m | Added +4.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 76.7k $2.9m | Added +17.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 72.5k $2.7m | Added +1.1k |
| HARBOR CAPITAL ADVISORS, INC. 0.12% of their portfolio | 72.5k $2.7m | Added +594 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 69.9k $2.6m | Added +2.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 69.1k $2.6m | Reduced -1.0k |
| Atria Wealth Solutions, Inc. 0.03% of their portfolio | 67.7k $2.5m | Added +568 |
| J.W. COLE ADVISORS, INC. 0.10% of their portfolio | 66.5k $2.5m | Reduced -2.2k |
| MARTINGALE ASSET MANAGEMENT L P 0.06% of their portfolio | 66.2k $2.5m | New |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio | 65.9k $2.5m | Added +18.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 65.8k $2.5m | Added +23.0k |
| Corebridge Financial, Inc. 0.01% of their portfolio | 65.4k $2.4m | Reduced -5.1k |
| Illinois Municipal Retirement Fund 0.03% of their portfolio | 65.3k $2.4m | Added +2.8k |
| O'Dell Group, LLC 0.54% of their portfolio | 64.1k $2.4m | Reduced -1.6k |
| FIRST FOUNDATION ADVISORS 0.08% of their portfolio | 59.6k $2.2m | Reduced -4.1k |