PIEDMONT OFFICE REALTY TR IN PDM
COM CL A · REIT · CUSIP 720190206
- SectorReal estate
- IndustryOpeators of Nonresidential Buildings
- HeadquartersAtlanta, GA
- 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 ($1.0m this quarter). Holder counts are more reliable. Shares outstanding: 125.1m as of 2026-07-27, 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 ≈ $9.15. Options: 2 managers hold calls ($114.4k notional), 1 hold puts ($1.8k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 243 |
| Q4 2022 | 260 |
| Q1 2023 | 257 |
| Q2 2023 | 247 |
| Q3 2023 | 242 |
| Q4 2023 | 238 |
| Q1 2024 | 237 |
| Q2 2024 | 232 |
| Q3 2024 | 245 |
| Q4 2024 | 256 |
| Q1 2025 | 253 |
| Q2 2025 | 264 |
| Q3 2025 | 253 |
| Q4 2025 | 249 |
| Q1 2026 | 254 |
| Q2 2026 | 253 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 110 | 101 |
| Q4 2024 | 112 | 105 |
| Q1 2025 | 105 | 125 |
| Q2 2025 | 122 | 110 |
| Q3 2025 | 100 | 136 |
| Q4 2025 | 108 | 105 |
| Q1 2026 | 98 | 130 |
| Q2 2026 | 133 | 111 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $767.4k | $124.2k | 0.16 |
| Q4 2025 | $119.3k | $1.7k | 0.01 |
| Q1 2026 | $87.4k | $15.8k | 0.18 |
| Q2 2026 | $114.4k | $1.8k | 0.02 |
Biggest buyers
| DEUTSCHE BANK AG\ | Added | +5.6m |
| DONALD SMITH & CO., INC. | New | +1.9m |
| Russell Investments Group, Ltd. | Added | +933.0k |
| COHEN & STEERS, INC. | Added | +661.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +642.8k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | Added | +603.1k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | New | +579.0k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +474.1k |
| TWO SIGMA INVESTMENTS, LP | Added | +443.1k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +294.9k |
Biggest sellers
| PRUDENTIAL FINANCIAL INC | Reduced | -3.2m |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Reduced | -1.9m |
| Balyasny Asset Management L.P. | Sold out | -663.2k |
| AMERIPRISE FINANCIAL INC | Reduced | -565.5k |
| Robeco Institutional Asset Management B.V. | Reduced | -480.9k |
| BESSEMER GROUP INC | Reduced | -474.2k |
| Helix Partners Management LP | Sold out | -439.8k |
| VIRGINIA RETIREMENT SYSTEMS ET Al | Sold out | -386.7k |
| DC Investments Management, LLC | Reduced | -339.2k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -256.2k |
Biggest calls
| CITADEL ADVISORS LLC | New | $104.3k11.4k shares |
| SIMPLEX TRADING, LLC | New | $10.1k1.1k shares |
Biggest puts
| SIMPLEX TRADING, LLC | Reduced | $1.8k200 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 -1.5 pts · filed 2025-04-29 | 11.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-02-05 | 10.1% |
| COHEN & STEERS, INC. 13G · institution +1.1 pts · filed 2026-08-14 | 6.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.3% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 3 | $227.8k | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 15.3m $140.0m | Added +225.5k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 12.7m $116.0m | Added +195.6k |
| COHEN & STEERS, INC. 0.12% of their portfolio | 8.1m $74.0m | Added +661.6k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 5.7m $52.4m | Added +5.6m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 5.6m $50.9m | Reduced -81.9k |
| STATE STREET CORP 0.00% of their portfolio | 5.3m $48.3m | Reduced -31.7k |
| WILSEY ASSET MANAGEMENT INC 6.60% of their portfolio | 4.9m $44.9m | Added +16.7k |
| PRIVATE MANAGEMENT GROUP INC 0.98% of their portfolio | 4.1m $37.3m | Reduced -26.4k |
| LSV ASSET MANAGEMENT 0.06% of their portfolio | 3.8m $35.1m | Reduced -3.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.5m $32.3m | Added +294.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 3.4m $31.0m | Added +185.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 3.4m $30.7m | Added +474.1k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 2.0m $18.1m | Added +443.1k |
| DONALD SMITH & CO., INC. 0.31% of their portfolio | 1.9m $17.8m | New |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.34% of their portfolio | 1.9m $17.0m | Added +187.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.7m $15.6m | Reduced -565.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 1.7m $15.4m | Added +245.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.6m $14.4m | Added +94.6k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.12% of their portfolio | 1.5m $14.1m | Reduced -1.9m |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.3m $11.9m | Reduced -256.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.3m $11.9m | Reduced -113.8k |
| GLENMEDE TRUST CO NA 0.05% of their portfolio | 1.2m $11.3m | Reduced -51.4k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.52% of their portfolio | 1.2m $10.6m | Added +603.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.1m $9.8m | Reduced -227.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 1.0m $9.5m | Added +642.8k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 1.0m $9.2m | Added +933.0k |
| MORGAN STANLEY 0.00% of their portfolio | 980.5k $9.0m | Reduced -57.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 935.5k $8.6m | Reduced -43.0k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 830.1k $7.6m | Added +19.0k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 780.6k $7.1m | Added +3.8k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.10% of their portfolio | 778.3k $7.1m | Added +16.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 683.2k $6.3m | Reduced -74.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 679.8k $6.2m | Reduced -6.7k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.04% of their portfolio | 579.0k $5.3m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 543.8k $5.0m | Added +68.0k |
| WOLVERINE ASSET MANAGEMENT LLC 0.06% of their portfolio | 539.5k $4.9m | Added +157.9k |
| Nepsis Inc. 1.50% of their portfolio | 483.3k $4.4m | Added +163.9k |
| Legal & General Group Plc 0.00% of their portfolio | 429.3k $3.9m | Reduced -35.0k |
| DC Investments Management, LLC 1.27% of their portfolio | 405.5k $3.7m | Reduced -339.2k |
| UBS Group AG 0.00% of their portfolio | 401.9k $3.7m | Added +24.2k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 387.9k $3.5m | Reduced -48.3k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio | 342.3k $3.1m | Reduced -67.1k |
| Nuveen, LLC 0.00% of their portfolio | 333.4k $3.1m | Added +45.6k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 325.3k $3.0m | Added +190.5k |
| GW&K Investment Management, LLC 0.02% of their portfolio | 299.7k $2.7m | Reduced -2.6k |
| Invesco Ltd. 0.00% of their portfolio | 293.3k $2.7m | Reduced -35.2k |
| HRT FINANCIAL LP 0.01% of their portfolio | 272.4k $2.5m | Added +246.8k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 269.2k $2.5m | Reduced -63.0k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 265.7k $2.4m | Reduced -3.2m |
| Swiss National Bank 0.00% of their portfolio | 250.8k $2.3m | Added +5.3k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 244.8k $2.2m | Added +20.2k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 226.1k $2.1m | Added +13.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 209.5k $1.9m | Added +30.8k |
| NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio | 203.1k $1.9m | Added +11.6k |
| Asset Management One Co., Ltd. 0.00% of their portfolio | 185.9k $1.7m | Added +848 |
| CITIGROUP INC 0.00% of their portfolio | 184.7k $1.7m | Added +37.6k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 179.5k $1.6m | Added +1.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 177.5k $1.2m | Added +127 |
| LPL Financial LLC 0.00% of their portfolio | 177.3k $1.6m | Added +3.5k |
| Quantinno Capital Management LP 0.00% of their portfolio | 163.6k $1.5m | Added +56.9k |
| MARTINGALE ASSET MANAGEMENT L P 0.03% of their portfolio | 158.8k $1.5m | Added +36.3k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 148.3k $1.4m | Reduced -273 |
| Focus Partners Wealth 0.00% of their portfolio | 141.6k $1.3m | Added +1.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 138.9k $1.3m | Reduced -8.8k |
| State of New Jersey Common Pension Fund D 0.00% of their portfolio | 137.8k $1.3m | New |
| HARBOR CAPITAL ADVISORS, INC. 0.09% of their portfolio | 137.6k $1.3m | Added +67.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 134.7k $1.2m | Added +16.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 133.8k $1.2m | Reduced -3.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 125.1k $1.1m | New |
| Allianz Asset Management GmbH 0.00% of their portfolio | 123.7k $1.1m | Added +105.3k |
| Swedbank AB 0.00% of their portfolio | 123.2k $1.1m | Unchanged |
| Cambria Investment Management, L.P. 0.05% of their portfolio | 120.5k $1.1m | Added +23.4k |
| Polymer Capital Management (US) LLC 0.16% of their portfolio | 119.9k $1.1m | Added +86.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 119.5k $1.1m | Added +54.2k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 116.6k $1.1m | Reduced -80.3k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 115.4k $1.1m | Reduced -35.4k |
| Vanguard Investments Australia, Ltd. 0.00% of their portfolio | 111.9k $1.0m | Unchanged |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 106.3k $972.5k | Unchanged |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 100.5k $920.0k | Added +22.4k |
| FJ Capital Management LLC 0.12% of their portfolio | 100.3k $917.4k | New |
| Advisors Asset Management, Inc. 0.01% of their portfolio | 96.0k $878.8k | Reduced -1.4k |
| Orion Porfolio Solutions, LLC 0.01% of their portfolio | 94.1k $861.4k | Added +5.4k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 92.6k $847.3k | Added +36.7k |
| BARCLAYS PLC 0.00% of their portfolio | 89.4k $818.0k | Added +55.3k |
| FMR LLC 0.00% of their portfolio | 85.2k $779.4k | Added +56.9k |
| Creative Planning 0.00% of their portfolio | 82.1k $751.2k | Added +5.8k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 81.4k $745.1k | Added +29.7k |
| Amundi 0.00% of their portfolio | 78.1k $714.4k | Added +3.7k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 77.6k $710.1k | Added +10.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 76.1k $696.4k | Unchanged |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 75.7k $692.0k | Added +36.9k |
| Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio | 75.4k $689.7k | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 75.1k $687.2k | Reduced -5.2k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 74.2k $679.3k | Unchanged |
| Inspire Investing, LLC 0.03% of their portfolio | 73.1k $669.0k | Reduced -4.3k |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 67.9k $620.0k | Unchanged |
| Merit Financial Group, LLC 0.00% of their portfolio | 67.9k $621.4k | Added +470 |
| VARCOV Co. 0.23% of their portfolio | 65.0k $594.6k | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 58.4k $534.8k | Added +134 |
| Ilmarinen Mutual Pension Insurance Co 0.00% of their portfolio | 57.0k $522.0k | Reduced -29.0k |