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 ($924.2k this quarter). Holder counts are more reliable. Shares outstanding: 124.4m as of 2025-04-25, 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 ≈ $7.42. Options: 4 managers hold calls ($113.5k notional), 4 hold puts ($81.0k).
Trends to Q1 2025
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 |
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 | 137 | 106 |
| Q3 2023 | 105 | 118 |
| Q4 2023 | 106 | 120 |
| Q1 2024 | 108 | 107 |
| Q2 2024 | 114 | 106 |
| Q3 2024 | 110 | 101 |
| Q4 2024 | 112 | 105 |
| Q1 2025 | 105 | 125 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $1.2m | $17.9k | 0.02 |
| Q3 2024 | $210.8k | $36.3k | 0.17 |
| Q4 2024 | $97.6k | $89.3k | 0.91 |
| Q1 2025 | $113.5k | $81.0k | 0.71 |
Biggest buyers
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Added | +396.9k |
| BlackRock, Inc. | Added | +338.2k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +330.9k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP | Added | +247.2k |
| Fisher Asset Management, LLC | New | +229.3k |
| SG Americas Securities, LLC | Added | +222.8k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +186.7k |
| Qube Research & Technologies Ltd | New | +169.4k |
| PRIVATE MANAGEMENT GROUP INC | Added | +160.5k |
| STRS OHIO | Added | +153.9k |
Biggest sellers
| Brookfield Corp /ON/ | Sold out | -2.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -701.8k |
| GOLDMAN SACHS GROUP INC | Reduced | -442.7k |
| AMERIPRISE FINANCIAL INC | Reduced | -382.4k |
| NORGES BANK | Reduced | -348.3k |
| MARSHALL WACE, LLP | Reduced | -293.6k |
| Vision Capital Corp | Reduced | -250.0k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -235.9k |
| MACKENZIE FINANCIAL CORP | Reduced | -183.8k |
| Crestline Management, L.P. | Sold out | -176.1k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $89.9k12.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $17.0k2.4k shares |
| GROUP ONE TRADING LLC | New | $6.6k900 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $62.6k8.5k shares |
| SIMPLEX TRADING, LLC | Added | $11.0k1.6k shares |
| GROUP ONE TRADING LLC | New | $7.4k1.0k 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 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.
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 19.2m $141.9m | Reduced -59.6k |
| BlackRock, Inc. 0.00% of their portfolio | 15.9m $117.5m | Added +338.2k |
| STATE STREET CORP 0.00% of their portfolio | 5.4m $40.2m | Reduced -94.9k |
| LSV ASSET MANAGEMENT 0.07% of their portfolio | 4.1m $30.3m | Reduced -1.3k |
| PRIVATE MANAGEMENT GROUP INC 1.07% of their portfolio | 4.1m $30.0m | Added +160.5k |
| WILSEY ASSET MANAGEMENT INC 5.93% of their portfolio | 4.0m $29.6m | Added +58.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.4m $24.9m | Added +186.7k |
| Vision Capital Corp 11.49% of their portfolio | 3.3m $24.1m | Reduced -250.0k |
| PRUDENTIAL FINANCIAL INC 0.04% of their portfolio | 2.7m $25.2m | Reduced -46.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 2.3m $17.0m | Reduced -86.0k |
| Hudson Bay Capital Management LP 0.10% of their portfolio | 2.2m $16.5m | Reduced -48.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 2.1m $15.7m | Added +28.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.9m $13.9m | Added +105.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.7m $12.4m | Reduced -35.4k |
| GLENMEDE TRUST CO NA 0.07% of their portfolio | 1.7m $12.4m | Reduced -55.8k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.6m $12.1m | Reduced -27.8k |
| MORGAN STANLEY 0.00% of their portfolio | 1.5m $11.2m | Reduced -93.5k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.30% of their portfolio | 1.4m $10.7m | Added +247.2k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 1.2m $9.1m | Reduced -293.6k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.14% of their portfolio | 1.2m $9.0m | Added +396.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 1.1m $7.9m | Reduced -13.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.0m $7.7m | Reduced -442.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 950.0k $7.0m | Added +96.2k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 921.9k $6.8m | Reduced -27.4k |
| Helix Partners Management LP 4.72% of their portfolio | 800.0k $5.9m | Added +100.0k |
| Nuveen, LLC 0.00% of their portfolio | 782.1k $5.8m | First filing |
| DC Investments Management, LLC 2.82% of their portfolio | 744.7k $5.5m | Added +12.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 743.2k $5.4m | Added +6.4k |
| Amundi 0.00% of their portfolio | 714.5k $4.9m | Reduced -8.0k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 710.0k $5.2m | Reduced -17.3k |
| Invesco Ltd. 0.00% of their portfolio | 686.0k $5.1m | Reduced -133.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 629.2k $4.6m | Reduced -4.6k |
| SG Americas Securities, LLC 0.02% of their portfolio | 627.0k $4.6m | Added +222.8k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 625.6k $4.6m | Reduced -131.9k |
| Legal & General Group Plc 0.00% of their portfolio | 592.1k $4.4m | Reduced -5.7k |
| UBS Group AG 0.00% of their portfolio | 571.2k $4.2m | Added +121.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 566.3k $4.2m | Reduced -30.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 436.5k $3.2m | Reduced -382.4k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 416.6k $3.1m | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 413.1k $3.0m | Reduced -701.8k |
| Man Group plc 0.01% of their portfolio | 407.8k $3.0m | Reduced -11.5k |
| PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio | 368.3k $2.7m | Reduced -4.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 357.3k $2.6m | Added +330.9k |
| GW&K Investment Management, LLC 0.02% of their portfolio | 356.0k $2.6m | Reduced -7.3k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 332.3k $2.4m | Added +73.8k |
| CITIGROUP INC 0.00% of their portfolio | 291.0k $2.1m | Added +41.9k |
| OVERSEA-CHINESE BANKING Corp Ltd 0.05% of their portfolio | 246.0k $1.8m | Reduced -5.5k |
| Swiss National Bank 0.00% of their portfolio | 242.0k $1.8m | Unchanged |
| Fisher Asset Management, LLC 0.00% of their portfolio | 229.3k $1.7m | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 218.6k $1.6m | Reduced -9.1k |
| BARCLAYS PLC 0.00% of their portfolio | 215.2k $1.6m | Reduced -39.7k |
| NORGES BANK 0.00% of their portfolio | 209.7k $1.5m | Reduced -348.3k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 198.5k $1.5m | Added +17.6k |
| Asset Management One Co., Ltd. 0.00% of their portfolio | 184.7k $1.4m | Reduced -10.4k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 181.3k $1.3m | Reduced -928 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 178.7k $1.3m | Added +52 |
| NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio | 177.6k $1.3m | Added +4.8k |
| STRS OHIO 0.01% of their portfolio | 177.1k $1.3m | Added +153.9k |
| Orion Portfolio Solutions, LLC 0.01% of their portfolio | 175.0k $1.4m | Added +117.3k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 169.4k $1.2m | New |
| ExodusPoint Capital Management, LP 0.02% of their portfolio | 163.5k $1.2m | Added +148.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 157.1k $1.2m | Added +94.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 156.9k $1.2m | Reduced -85.4k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 148.3k $1.1m | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 146.6k $1.1m | Added +3.1k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 146.4k $1.1m | Added +11.4k |
| NISA INVESTMENT ADVISORS, LLC 0.01% of their portfolio | 145.4k $1.1m | Reduced -3.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 141.3k $1.0m | Added +15.0k |
| LPL Financial LLC 0.00% of their portfolio | 136.4k $1.0m | Reduced -5.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 129.7k $955.8k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 127.1k $936.8k | Reduced -149.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 120.0k $885.0k | Added +5.0k |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 119.0k $877.1k | Added +42.4k |
| Orion Porfolio Solutions, LLC 0.01% of their portfolio | 117.3k $864.4k | Added +59.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 115.9k $854.0k | Unchanged |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 114.8k $845.5k | Added +9.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 109.2k $805.0k | Added +804 |
| Tredje AP-fonden 0.01% of their portfolio | 100.1k $737.5k | Unchanged |
| Summit Global Investments 0.05% of their portfolio | 96.4k $710.0k | Added +38.4k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 92.9k $685.0k | Added +1.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 92.4k $681.2k | Added +2.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 87.7k $646.5k | Unchanged |
| Ilmarinen Mutual Pension Insurance Co 0.01% of their portfolio | 86.0k $634.0k | Unchanged |
| JUPITER ASSET MANAGEMENT LTD 0.01% of their portfolio | 85.4k $629.2k | Reduced -13.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 76.1k $560.9k | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 75.8k $558.9k | Added +2.6k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 73.3k $540.6k | Added +3.2k |
| CAXTON ASSOCIATES LLP 0.02% of their portfolio | 72.0k $530.8k | First filing |
| Allianz Asset Management GmbH 0.00% of their portfolio | 70.9k $522.4k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 70.4k $519.0k | Reduced -4.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 69.8k $514.1k | Added +31.2k |
| Geneos Wealth Management Inc. 0.01% of their portfolio | 66.7k $504.0k | Added +37.2k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 64.0k $471.4k | Added +38.6k |
| Merit Financial Group, LLC 0.01% of their portfolio | 63.4k $467.0k | Added +211 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 62.6k $461.0k | Added +17.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 62.1k $457.0k | Added +842 |
| Corebridge Financial, Inc. 0.00% of their portfolio | 60.5k $445.8k | Reduced -897 |
| Polymer Capital Management (US) LLC 0.13% of their portfolio | 60.5k $445.6k | Added +36.4k |
| Cambria Investment Management, L.P. 0.03% of their portfolio | 59.3k $437.1k | Added +795 |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 59.3k $436.0k | Added +144 |