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 ($1.3m this quarter). Holder counts are more reliable. Shares outstanding: 124.0m as of 2024-07-30, 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 ≈ $7.25. Options: 5 managers hold calls ($1.2m notional), 3 hold puts ($17.9k).
Trends to Q2 2024
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 |
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 | 144 | 95 |
| Q1 2023 | 131 | 123 |
| Q2 2023 | 137 | 106 |
| Q3 2023 | 105 | 118 |
| Q4 2023 | 106 | 120 |
| Q1 2024 | 108 | 107 |
| Q2 2024 | 114 | 106 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $265.2k | $150.9k | 0.57 |
| Q4 2023 | $1.1m | $60.9k | 0.05 |
| Q1 2024 | $1.2m | $37.1k | 0.03 |
| Q2 2024 | $1.2m | $17.9k | 0.02 |
Biggest buyers
| Vision Capital Corp | New | +2.1m |
| WILSEY ASSET MANAGEMENT INC | Added | +1.3m |
| Hudson Bay Capital Management LP | New | +1.2m |
| MARSHALL WACE, LLP | Added | +901.3k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +477.0k |
| Robeco Institutional Asset Management B.V. | Added | +309.4k |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) | Added | +278.3k |
| JANE STREET GROUP, LLC | Added | +252.5k |
| GOLDMAN SACHS GROUP INC | Added | +214.5k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +110.5k |
Biggest sellers
| MORGAN STANLEY | Reduced | -4.2m |
| Man Group plc | Reduced | -1.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -724.4k |
| ExodusPoint Capital Management, LP | Sold out | -704.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Reduced | -472.5k |
| Nuveen Asset Management, LLC | Reduced | -430.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -339.7k |
| NORGES BANK | Reduced | -319.4k |
| Invesco Ltd. | Reduced | -286.0k |
| Allianz Asset Management GmbH | Sold out | -251.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $676.4k93.3k shares |
| CITADEL ADVISORS LLC | Added | $287.1k39.6k shares |
| SIMPLEX TRADING, LLC | Added | $187.0k25.8k shares |
| GROUP ONE TRADING LLC | Reduced | $5.1k700 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $10.9k1.5k shares |
| SIMPLEX TRADING, LLC | Added | $7.0k1.1k 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 |
|---|---|
| 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 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 | 4 | $601.3k | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 7 | $675.8k | 0 | — | — |
| Q2 2023 | 0 | — | 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 |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 19.3m $140.0m | Added +94.0k |
| BlackRock Inc. 0.00% of their portfolio | 16.9m $122.7m | Reduced -5.8k |
| STATE STREET CORP 0.00% of their portfolio | 5.5m $40.0m | Reduced -47.6k |
| PRIVATE MANAGEMENT GROUP INC 1.29% of their portfolio | 4.6m $33.5m | Reduced -12.4k |
| LSV ASSET MANAGEMENT 0.07% of their portfolio | 4.5m $32.6m | Added +9.9k |
| WILSEY ASSET MANAGEMENT INC 5.94% of their portfolio | 3.9m $28.3m | Added +1.3m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 3.2m $23.0m | Reduced -472.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.2m $23.0m | Added +110.5k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.09% of their portfolio | 2.8m $20.5m | Added +1.4k |
| MORGAN STANLEY 0.00% of their portfolio | 2.2m $16.3m | Reduced -4.2m |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 2.2m $16.2m | Added +477.0k |
| Vision Capital Corp 5.03% of their portfolio | 2.1m $15.5m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.1m $15.3m | Reduced -145.6k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 1.8m $12.9m | Reduced -430.2k |
| GLENMEDE TRUST CO NA 0.07% of their portfolio | 1.8m $12.9m | Added +10.7k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.7m $12.5m | Added +14.8k |
| Invesco Ltd. 0.00% of their portfolio | 1.6m $11.9m | Reduced -286.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.5m $10.9m | Added +626 |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.5m $10.7m | Added +214.5k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.18% of their portfolio | 1.3m $9.6m | Reduced -52.3k |
| Hudson Bay Capital Management LP 0.06% of their portfolio | 1.2m $8.6m | New |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.25% of their portfolio | 1.1m $8.1m | Reduced -46.6k |
| DC Investments Management, LLC 5.60% of their portfolio | 917.1k $6.6m | Added +109.1k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 914.1k $6.6m | Added +901.3k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 862.9k $6.3m | Reduced -47.3k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 857.1k $6.2m | Reduced -235.5k |
| Legal & General Group Plc 0.00% of their portfolio | 761.0k $5.5m | Reduced -59.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 756.3k $5.5m | Added +29.8k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 749.0k $5.4m | Reduced -81.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 724.8k $5.3m | Added +24.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 680.6k $4.9m | Added +33.9k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 663.4k $4.8m | Reduced -6.4k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 639.7k $4.6m | Added +309.4k |
| NORGES BANK 0.00% of their portfolio | 558.9k $4.1m | Reduced -319.4k |
| PANAGORA ASSET MANAGEMENT INC 0.02% of their portfolio | 537.7k $3.9m | Added +26.4k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 497.0k $3.6m | Added +623 |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 470.4k $3.4m | Reduced -2.4k |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.10% of their portfolio | 467.9k $3.4m | Added +278.3k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 427.0k $3.1m | Added +57.9k |
| Swedbank AB 0.00% of their portfolio | 418.1k $3.0m | Reduced -78.1k |
| SG Americas Securities, LLC 0.02% of their portfolio | 343.6k $2.5m | Reduced -247.1k |
| UBS Group AG 0.00% of their portfolio | 303.7k $2.2m | Reduced -87.0k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 289.8k $2.1m | Added +252.5k |
| Swiss National Bank 0.00% of their portfolio | 243.8k $1.8m | Unchanged |
| Man Group plc 0.00% of their portfolio | 239.3k $1.7m | Reduced -1.7m |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 233.2k $1.7m | Added +5.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 195.4k $1.4m | Reduced -724.4k |
| Asset Management One Co., Ltd. 0.01% of their portfolio | 188.3k $1.4m | Added +419 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 186.0k $1.3m | Reduced -414 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 183.2k $1.3m | Reduced -1.2k |
| CITIGROUP INC 0.00% of their portfolio | 180.7k $1.3m | Added +18.8k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 174.2k $1.3m | Added +18.2k |
| Sowa Financial Group, Inc. 0.94% of their portfolio | 171.3k $1.2m | Reduced -48.0k |
| NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio | 164.1k $1.2m | Added +9.9k |
| NISA INVESTMENT ADVISORS, LLC 0.01% of their portfolio | 158.9k $1.2m | Added +17 |
| CAXTON ASSOCIATES LP 0.04% of their portfolio | 152.6k $1.1m | Reduced -90.2k |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 147.4k $1.1m | Added +9.3k |
| LPL Financial LLC 0.00% of their portfolio | 138.0k $1.0m | Reduced -13.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 134.4k $974.6k | Reduced -42.7k |
| ALGERT GLOBAL LLC 0.03% of their portfolio | 131.0k $949.6k | Added +19.7k |
| JENNISON ASSOCIATES LLC 0.00% of their portfolio | 129.8k $940.9k | Reduced -101.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 128.2k $929.5k | Reduced -10.5k |
| BARCLAYS PLC 0.00% of their portfolio | 125.8k $912.1k | Reduced -78.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 120.8k $875.8k | Reduced -2.8k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 116.5k $839.7k | Added +15.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 113.4k $822.0k | Reduced -339.7k |
| Vestcor Inc 0.03% of their portfolio | 111.6k $809.0k | Reduced -2.0k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 105.7k $766.4k | Reduced -166.6k |
| Tredje AP-fonden 0.01% of their portfolio | 100.1k $725.5k | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 99.4k $721.0k | Reduced -820 |
| Jump Financial, LLC 0.01% of their portfolio | 98.0k $710.3k | Reduced -2.9k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 95.0k $689.0k | Reduced -3.9k |
| AXA S.A. 0.00% of their portfolio | 91.6k $664.0k | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 85.8k $622.1k | Reduced -74.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 81.9k $593.7k | Added +6.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 77.7k $563.4k | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 76.1k $551.8k | Added +30 |
| MetLife Investment Management, LLC 0.00% of their portfolio | 73.9k $535.9k | Added +10.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 72.2k $523.2k | Reduced -784 |
| Amundi 0.00% of their portfolio | 71.0k $524.2k | Reduced -1.4k |
| Modern Wealth Management, LLC 0.04% of their portfolio | 70.0k $507.8k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 69.8k $506.2k | Added +11.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 68.8k $498.9k | Reduced -557 |
| Corebridge Financial, Inc. 0.00% of their portfolio | 66.4k $481.6k | First filing |
| Orion Porfolio Solutions, LLC 0.00% of their portfolio | 65.1k $471.6k | Added +3.5k |
| Orion Portfolio Solutions, LLC 0.00% of their portfolio | 65.1k $471.6k | Added +3.5k |
| ALLSTATE CORP 0.04% of their portfolio | 64.5k $467.8k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 63.9k $462.0k | Added +2.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 63.5k $460.0k | First filing |
| Merit Financial Group, LLC 0.01% of their portfolio | 61.9k $449.1k | Added +33 |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 59.1k $428.0k | Added +774 |
| RFG Holdings, Inc. 0.16% of their portfolio | 58.7k $425.5k | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 56.4k $409.2k | Added +19.8k |
| CHOREO, LLC 0.01% of their portfolio | 55.2k $393.6k | New |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 54.0k $391.3k | Added +6.7k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 53.9k $390.5k | Reduced -633 |
| Creative Planning 0.00% of their portfolio | 53.4k $387.3k | Added +3.5k |
| Cambria Investment Management, L.P. 0.02% of their portfolio | 53.3k $386.2k | Added +5.1k |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 52.6k $381.5k | Reduced -3.7k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 50.9k $368.9k | Unchanged |