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 ($675.7k this quarter). Holder counts are more reliable. Shares outstanding: 125.4m as of 2025-04-18, 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 ≈ $36.51. Options: 4 managers hold calls ($1.8m notional), 3 hold puts ($178.3k).
Trends to Q1 2025
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 |
| Q1 2025 | 407 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2025 | 175 | 175 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $2.5m | $16.4k | 0.01 |
| Q3 2024 | $2.9m | $41.5k | 0.01 |
| Q4 2024 | $1.8m | $277.2k | 0.15 |
| Q1 2025 | $1.8m | $178.3k | 0.10 |
Biggest buyers
| FMR LLC | Added | +617.5k |
| Alyeska Investment Group, L.P. | Added | +596.1k |
| MILLENNIUM MANAGEMENT LLC | Added | +482.1k |
| VANGUARD GROUP INC | Added | +397.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Added | +324.1k |
| Eisler Capital Management Ltd. | New | +230.4k |
| Sophron Capital Management L.P. | Added | +183.7k |
| DIMENSIONAL FUND ADVISORS LP | Added | +179.8k |
| RENAISSANCE TECHNOLOGIES LLC | New | +155.0k |
| Allianz Asset Management GmbH | New | +154.6k |
Biggest sellers
| BlackRock, Inc. | Reduced | -676.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -649.8k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -492.2k |
| Verition Fund Management LLC | Sold out | -372.6k |
| GOLDMAN SACHS GROUP INC | Reduced | -261.2k |
| JPMORGAN CHASE & CO | Reduced | -208.0k |
| STATE STREET CORP | Reduced | -95.3k |
| BARCLAYS PLC | Reduced | -69.6k |
| AEW CAPITAL MANAGEMENT L P | Reduced | -53.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -49.9k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $1.2m32.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $372.2k10.2k shares |
| JANE STREET GROUP, LLC | New | $277.3k7.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $153.3k4.2k shares |
| SIMPLEX TRADING, LLC | New | $25.0k700 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 Q1 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 21.5m $782.9m | Reduced -676.9k |
| VANGUARD GROUP INC 0.01% of their portfolio | 19.7m $719.6m | Added +397.9k |
| STATE STREET CORP 0.01% of their portfolio | 7.2m $262.8m | Reduced -95.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio | 7.0m $257.1m | Reduced -492.2k |
| FMR LLC 0.01% of their portfolio | 3.6m $133.0m | Added +617.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.3m $121.5m | Added +147.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.2m $79.3m | Added +28.5k |
| Alyeska Investment Group, L.P. 0.29% of their portfolio | 2.0m $73.5m | Added +596.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.7m $61.8m | Added +2.3k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.6m $57.5m | Added +179.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.5m $55.8m | Reduced -208.0k |
| NORGES BANK 0.01% of their portfolio | 1.5m $55.2m | Added +18.5k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.64% of their portfolio | 1.5m $55.0m | Added +51.5k |
| MACQUARIE GROUP LTD 0.06% of their portfolio | 1.4m $50.8m | Added +35.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.1m $40.9m | Reduced -261.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.1m $39.3m | Reduced -26.1k |
| MORGAN STANLEY 0.00% of their portfolio | 1.0m $36.7m | Reduced -42.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 932.7k $34.0m | Reduced -36.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio | 915.0k $33.4m | Added +324.1k |
| Nuveen, LLC 0.01% of their portfolio | 889.7k $32.5m | First filing |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 855.1k $31.2m | Added +482.1k |
| Legal & General Group Plc 0.01% of their portfolio | 849.7k $31.0m | Added +9.2k |
| Cetera Investment Advisers 0.05% of their portfolio | 729.6k $26.6m | Reduced -47.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 623.4k $22.7m | Added +28.3k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 585.3k $21.0m | Reduced -727 |
| AEW CAPITAL MANAGEMENT L P 1.03% of their portfolio | 574.8k $21.0m | Reduced -53.1k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 562.7k $20.5m | Added +51.9k |
| ExodusPoint Capital Management, LP 0.24% of their portfolio | 505.8k $18.5m | Added +6.5k |
| Invesco Ltd. 0.00% of their portfolio | 431.9k $15.8m | Added +38.3k |
| Jain Global LLC 0.31% of their portfolio | 421.8k $15.4m | Added +139.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 402.4k $14.7m | Added +1.3k |
| Public Sector Pension Investment Board 0.06% of their portfolio | 397.0k $14.5m | Added +91.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 391.6k $14.3m | Added +85.5k |
| LPL Financial LLC 0.01% of their portfolio | 388.1k $14.2m | Added +17.4k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 385.0k $14.0m | Reduced -6.6k |
| Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio | 367.9k $13.4m | Reduced -39.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 349.8k $12.8m | Reduced -10.0k |
| Sophron Capital Management L.P. 3.80% of their portfolio | 306.0k $11.2m | Added +183.7k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 292.5k $10.7m | Added +44.3k |
| Asset Management One Co., Ltd. 0.04% of their portfolio | 285.2k $10.4m | Added +5.8k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.24% of their portfolio | 279.9k $10.2m | Reduced -23.8k |
| UBS Group AG 0.00% of their portfolio | 277.5k $10.1m | Reduced -37.0k |
| BARCLAYS PLC 0.00% of their portfolio | 263.7k $9.6m | Reduced -69.6k |
| B&I Capital AG 2.85% of their portfolio | 240.0k $8.8m | Reduced -19.0k |
| Swiss National Bank 0.01% of their portfolio | 237.5k $8.7m | Reduced -3.4k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 231.6k $8.5m | Added +36.5k |
| Eisler Capital Management Ltd. 0.25% of their portfolio | 230.4k $8.4m | New |
| CITIGROUP INC 0.01% of their portfolio | 218.1k $8.0m | Added +24.6k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.03% of their portfolio | 215.0k $7.8m | Reduced -3.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 208.9k $7.6m | Added +143.1k |
| OSAIC HOLDINGS, INC. 0.02% of their portfolio | 206.2k $7.5m | Added +584 |
| California Public Employees Retirement System 0.01% of their portfolio | 201.9k $7.4m | Added +4.2k |
| J.W. COLE ADVISORS, INC. 0.22% of their portfolio | 193.4k $7.1m | Added +126.9k |
| Edgestream Partners, L.P. 0.23% of their portfolio | 186.0k $6.8m | Added +86.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 174.3k $6.4m | Reduced -6.4k |
| NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio | 171.3k $6.3m | Added +8.9k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 166.0k $6.1m | Added +133.3k |
| Mariner, LLC 0.01% of their portfolio | 165.2k $6.0m | Reduced -4.5k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.28% of their portfolio | 164.4k $6.0m | Added +141.7k |
| Geneos Wealth Management Inc. 0.09% of their portfolio | 162.1k $5.9m | Added +147.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 160.8k $5.9m | Added +138.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio | 159.0k $5.8m | Reduced -22.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 155.0k $5.7m | New |
| Allianz Asset Management GmbH 0.01% of their portfolio | 154.6k $5.6m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 151.5k $5.5m | Added +94.4k |
| McAdam, LLC 0.32% of their portfolio | 143.4k $5.2m | Reduced -2.3k |
| Prime Capital Investment Advisors, LLC 0.06% of their portfolio | 142.0k $5.2m | Reduced -5.6k |
| SG Americas Securities, LLC 0.02% of their portfolio | 139.0k $5.1m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 136.1k $5.0m | Reduced -649.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 135.7k $5.0m | Added +2.8k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 128.9k $4.7m | Added +17.6k |
| State of Alaska, Department of Revenue 0.05% of their portfolio | 128.9k $4.7m | Added +430 |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 122.8k $4.5m | Reduced -2.5k |
| Amundi 0.00% of their portfolio | 122.0k $4.4m | Reduced -7.7k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 119.9k $4.4m | Added +30.3k |
| Modern Wealth Management, LLC 0.14% of their portfolio | 118.1k $4.3m | Added +713 |
| CENTAURUS FINANCIAL, INC. 0.26% of their portfolio | 117.5k $4.3m | Reduced -16.4k |
| Aberdeen Group plc 0.01% of their portfolio | 117.4k $4.3m | Reduced -4.2k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 115.4k $4.2m | Added +10.2k |
| INDEPENDENT FINANCIAL GROUP, LLC 0.14% of their portfolio | 113.4k $4.1m | Reduced -49.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 113.3k $4.1m | Reduced -1.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 106.7k $3.9m | Reduced -3.8k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.06% of their portfolio | 106.2k $3.9m | Added +28.2k |
| LORD, ABBETT & CO. LLC 0.01% of their portfolio | 103.0k $3.8m | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio | 98.1k $3.6m | Reduced -2.2k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 97.8k $3.6m | Reduced -69 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 95.1k $3.5m | New |
| MARTINGALE ASSET MANAGEMENT L P 0.09% of their portfolio | 94.9k $3.5m | Added +28.8k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 91.9k $3.4m | Reduced -2.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 90.0k $3.3m | Added +10.2k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.03% of their portfolio | 89.3k $3.3m | Unchanged |
| Ameritas Advisory Services, LLC 0.13% of their portfolio | 87.5k $3.2m | Added +3.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 86.1k $3.1m | Added +5.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 81.7k $3.0m | Added +9.2k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 80.4k $2.9m | Added +1.4k |
| MONEY CONCEPTS CAPITAL CORP 0.22% of their portfolio | 79.7k $2.9m | Reduced -2.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 78.2k $2.9m | Added +1.5k |
| MetLife Investment Management, LLC 0.02% of their portfolio | 76.6k $2.8m | Reduced -1.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 76.3k $2.8m | Reduced -4.7k |
| HARBOR CAPITAL ADVISORS, INC. 0.13% of their portfolio | 76.0k $2.8m | Added +3.5k |