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 ($908.6k this quarter). Holder counts are more reliable. Shares outstanding: 125.8m as of 2025-10-17, 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 ≈ $34.34. Options: 5 managers hold calls ($922.3k notional), 2 hold puts ($27.4k).
Trends to Q3 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 |
| Q2 2025 | 421 |
| Q3 2025 | 402 |
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 | 151 | 156 |
| Q1 2024 | 147 | 176 |
| Q2 2024 | 152 | 173 |
| Q3 2024 | 164 | 171 |
| Q4 2024 | 171 | 168 |
| Q1 2025 | 175 | 175 |
| Q2 2025 | 208 | 163 |
| Q3 2025 | 166 | 205 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $1.8m | $277.2k | 0.15 |
| Q1 2025 | $1.8m | $178.3k | 0.10 |
| Q2 2025 | $1.1m | $24.0k | 0.02 |
| Q3 2025 | $922.3k | $27.4k | 0.03 |
Biggest buyers
| Engineers Gate Manager LP | Added | +1.6m |
| Balyasny Asset Management L.P. | Added | +1.2m |
| JPMORGAN CHASE & CO | Added | +1.2m |
| GOLDMAN SACHS GROUP INC | Added | +413.8k |
| Qube Research & Technologies Ltd | Added | +309.3k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +292.5k |
| DARK FOREST CAPITAL MANAGEMENT LP | Added | +222.1k |
| Sophron Capital Management L.P. | Added | +182.6k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | Added | +174.7k |
| FMR LLC | Added | +168.5k |
Biggest sellers
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -1.5m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Sold out | -1.2m |
| Alyeska Investment Group, L.P. | Sold out | -1.1m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Sold out | -1.0m |
| Schonfeld Strategic Advisors LLC | Sold out | -397.3k |
| Freestone Grove Partners LP | Sold out | -315.7k |
| Eisler Capital Management Ltd. | Sold out | -253.9k |
| AEW CAPITAL MANAGEMENT L P | Reduced | -253.7k |
| Greenland Capital Management LP | Sold out | -163.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -147.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $264.3k7.7k shares |
| WOLVERINE TRADING, LLC | New | $260.1k7.6k shares |
| CITADEL ADVISORS LLC | Reduced | $257.5k7.5k shares |
| SIMPLEX TRADING, LLC | Added | $137.0k4.0k shares |
| GROUP ONE TRADING LLC | New | $3.4k100 shares |
Biggest puts
| SIMPLEX TRADING, LLC | Unchanged | $24.0k700 shares |
| GROUP ONE TRADING LLC | New | $3.4k100 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 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.
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 21.5m $738.1m | Added +108.0k |
| VANGUARD GROUP INC 0.01% of their portfolio | 20.3m $698.4m | Reduced -69.2k |
| STATE STREET CORP 0.01% of their portfolio | 7.3m $251.1m | Reduced -58.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 6.0m $205.4m | Reduced -1.5m |
| FMR LLC 0.01% of their portfolio | 4.1m $141.0m | Added +168.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.4m $118.1m | Added +45.4k |
| Engineers Gate Manager LP 0.98% of their portfolio | 2.5m $85.7m | Added +1.6m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.2m $76.8m | Added +26.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.2m $75.6m | Added +1.2m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.2m $74.1m | Added +977 |
| Balyasny Asset Management L.P. 0.13% of their portfolio | 1.9m $64.2m | Added +1.2m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.8m $60.4m | Added +42.8k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.66% of their portfolio | 1.7m $58.3m | Added +174.7k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 1.3m $45.1m | Reduced -114.1k |
| MORGAN STANLEY 0.00% of their portfolio | 1.1m $37.9m | Reduced -119.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.0m $35.7m | Added +413.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 960.0k $33.0m | Added +50.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 934.2k $32.1m | Reduced -57.6k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 849.7k $29.2m | Added +309.3k |
| Cetera Investment Advisers 0.03% of their portfolio | 787.1k $27.0m | Added +89.6k |
| Legal & General Group Plc 0.01% of their portfolio | 783.0k $26.9m | Reduced -80.7k |
| Nuveen, LLC 0.01% of their portfolio | 694.8k $23.9m | Reduced -138.0k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 636.8k $21.9m | Added +33.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 606.7k $20.8m | Reduced -15.3k |
| Sophron Capital Management L.P. 6.07% of their portfolio | 573.7k $19.7m | Added +182.6k |
| UBS Group AG 0.00% of their portfolio | 550.3k $18.9m | Added +137.8k |
| Public Sector Pension Investment Board 0.06% of their portfolio | 490.0k $16.8m | Added +62.5k |
| Invesco Ltd. 0.00% of their portfolio | 438.7k $15.1m | Added +20.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 427.9k $14.7m | Added +292.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 414.8k $14.2m | Added +11.0k |
| LPL Financial LLC 0.00% of their portfolio | 391.7k $13.4m | Reduced -21.0k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 380.8k $13.1m | Reduced -14.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 354.9k $12.2m | Added +13.2k |
| Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio | 339.8k $11.7m | Reduced -20.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 294.9k $10.1m | Added +66.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 292.9k $10.1m | Reduced -63.1k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.22% of their portfolio | 290.7k $10.0m | Added +51.0k |
| Jain Global LLC 0.13% of their portfolio | 288.1k $9.9m | Reduced -77.9k |
| Asset Management One Co., Ltd. 0.03% of their portfolio | 285.6k $9.8m | Added +694 |
| OSAIC HOLDINGS, INC. 0.01% of their portfolio | 266.4k $9.2m | Reduced -4.3k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 257.5k $8.8m | Reduced -41.4k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 253.8k $8.7m | Added +98.7k |
| BARCLAYS PLC 0.00% of their portfolio | 253.7k $8.7m | Reduced -25.9k |
| AEW CAPITAL MANAGEMENT L P 0.48% of their portfolio | 249.8k $8.6m | Reduced -253.7k |
| Swiss National Bank 0.00% of their portfolio | 243.1k $8.3m | Added +3.6k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.31% of their portfolio | 240.7k $8.3m | Added +222.1k |
| California Public Employees Retirement System 0.00% of their portfolio | 237.4k $8.2m | Added +18.6k |
| B&I Capital AG 2.76% of their portfolio | 231.8k $8.0m | Added +4.5k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 207.3k $7.1m | Added +9.6k |
| J.W. COLE ADVISORS, INC. 0.13% of their portfolio | 203.2k $7.0m | Reduced -2.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 192.4k $6.6m | Added +136 |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 186.5k $6.4m | Added +64.0k |
| NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio | 183.2k $6.3m | Added +4.6k |
| Mariner, LLC 0.01% of their portfolio | 182.9k $6.3m | Reduced -2.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 178.7k $6.1m | Reduced -15.5k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 176.1k $6.0m | Reduced -12.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 164.4k $5.6m | Reduced -113.1k |
| Granite Investment Partners, LLC 0.30% of their portfolio | 152.6k $5.2m | Reduced -69.4k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 149.0k $5.1m | Added +37.3k |
| McAdam, LLC 0.24% of their portfolio | 143.5k $4.9m | Reduced -7 |
| WESTWOOD HOLDINGS GROUP INC 0.03% of their portfolio | 140.4k $4.8m | New |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 138.2k $4.7m | Added +725 |
| State of Alaska, Department of Revenue 0.05% of their portfolio | 131.5k $4.5m | Reduced -4.4k |
| CITIGROUP INC 0.00% of their portfolio | 127.5k $4.4m | Reduced -75.0k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 126.5k $4.4m | Reduced -4.1k |
| LORD, ABBETT & CO. LLC 0.01% of their portfolio | 125.5k $4.3m | Unchanged |
| Holocene Advisors, LP 0.01% of their portfolio | 122.9k $4.2m | Added +31.3k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 121.1k $4.2m | Reduced -1.9k |
| Aberdeen Group plc 0.01% of their portfolio | 119.1k $4.1m | Reduced -2.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 113.5k $3.9m | Added +6 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio | 113.1k $3.8m | Reduced -2.4k |
| Prime Capital Investment Advisors, LLC 0.05% of their portfolio | 112.2k $3.9m | Reduced -9.0k |
| Modern Wealth Management, LLC 0.08% of their portfolio | 111.3k $3.8m | Reduced -4.8k |
| CENTAURUS FINANCIAL, INC. 0.17% of their portfolio | 108.0k $3.7m | Reduced -4.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 105.1k $3.6m | Added +6.1k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 103.3k $3.5m | Added +230 |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 102.1k $3.5m | Reduced -9.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 101.1k $3.5m | Added +14.3k |
| Lighthouse Investment Partners, LLC 0.12% of their portfolio | 100.0k $3.4m | New |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.03% of their portfolio | 96.1k $3.3m | Reduced -437 |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 93.5k $3.2m | Added +4.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 87.8k $3.0m | Reduced -16.2k |
| Amundi 0.00% of their portfolio | 86.4k $2.9m | Added +3.6k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 84.6k $2.9m | Added +50.2k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 84.2k $2.9m | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 82.2k $2.8m | Reduced -3.0k |
| HARBOR CAPITAL ADVISORS, INC. 0.22% of their portfolio | 81.3k $2.8m | Added +9.6k |
| INDEPENDENT FINANCIAL GROUP, LLC 0.07% of their portfolio | 80.6k $2.8m | Added +3.2k |
| MONEY CONCEPTS CAPITAL CORP 0.17% of their portfolio | 78.6k $2.7m | Reduced -659 |
| MetLife Investment Management, LLC 0.01% of their portfolio | 77.5k $2.7m | Reduced -1.6k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio | 73.0k $2.5m | Added +304 |
| MARTINGALE ASSET MANAGEMENT L P 0.06% of their portfolio | 70.1k $2.4m | Reduced -11.2k |
| Man Group plc 0.00% of their portfolio | 66.6k $2.3m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 65.1k $2.2m | Unchanged |
| Illinois Municipal Retirement Fund 0.03% of their portfolio | 64.6k $2.2m | Reduced -2.1k |
| CAXTON ASSOCIATES LLP 0.06% of their portfolio | 64.1k $2.2m | New |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 62.9k $2.2m | Added +7.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 62.8k $2.2m | Reduced -5.3k |
| Kestra Advisory Services, LLC 0.01% of their portfolio | 62.6k $2.1m | Reduced -28.8k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 60.3k $2.1m | Reduced -537 |