PUBLIC STORAGE PSA
COM · REIT · CUSIP 74460D109 · ISIN US74460D1090
US international self storage company
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersFrisco, TX
- Founded1972
- Websitepublicstorage.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 ($79.4m this quarter). Holder counts are more reliable. Shares outstanding: 175.8m as of 2023-07-28, 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 ≈ $291.03. Options: 21 managers hold calls ($142.6m notional), 15 hold puts ($122.6m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 934 |
| Q4 2022 | 957 |
| Q1 2023 | 948 |
| Q2 2023 | 985 |
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 | 422 | 421 |
| Q1 2023 | 474 | 371 |
| Q2 2023 | 478 | 390 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $156.5m | $85.7m | 0.55 |
| Q4 2022 | $68.6m | $43.6m | 0.64 |
| Q1 2023 | $83.0m | $71.2m | 0.86 |
| Q2 2023 | $142.6m | $122.6m | 0.86 |
Biggest buyers
| Capital International Investors | Added | +2.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +1.3m |
| AMERIPRISE FINANCIAL INC | Added | +792.0k |
| Capital World Investors | Added | +639.7k |
| Clearbridge Investments, LLC | New | +453.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +436.5k |
| EP Wealth Advisors, LLC | Added | +394.0k |
| Capital Research Global Investors | Added | +386.2k |
| Caisse de depot et placement du Quebec | Added | +238.2k |
| BARCLAYS PLC | Added | +218.2k |
Biggest sellers
| COHEN & STEERS, INC. | Reduced | -3.8m |
| FMR LLC | Reduced | -1.9m |
| BlackRock Inc. | Reduced | -1.1m |
| Daiwa Securities Group Inc. | Reduced | -729.7k |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -667.2k |
| Resolution Capital Ltd | Reduced | -532.9k |
| STRS OHIO | Reduced | -462.9k |
| Zimmer Partners, LP | Reduced | -267.5k |
| DEUTSCHE BANK AG\ | Reduced | -255.9k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -247.3k |
Biggest calls
| Twin Tree Management, LP | New | $42.7m146.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $30.5m104.5k shares |
| CITADEL ADVISORS LLC | Added | $17.0m58.3k shares |
| JANE STREET GROUP, LLC | Added | $14.2m48.5k shares |
| Cresset Asset Management, LLC | New | $8.8m30.0k shares |
| SIMPLEX TRADING, LLC | Added | $5.5m18.9k shares |
| JPMORGAN CHASE & CO | New | $3.6m12.2k shares |
| UBS Group AG | New | $3.5m12.1k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $3.1m10.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $3.1m10.6k shares |
Biggest puts
| WS MANAGEMENT LLLP | New | $59.0m202.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $32.0m109.7k shares |
| CITADEL ADVISORS LLC | Reduced | $10.2m35.0k shares |
| 683 Capital Management, LLC | Unchanged | $7.3m25.0k shares |
| BANK OF AMERICA CORP /DE/ | New | $4.6m15.7k shares |
| PEAK6 Investments LLC | New | $2.5m8.6k shares |
| UBS Group AG | Reduced | $1.8m6.2k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $1.6m5.4k shares |
| WOLVERINE TRADING, LLC | Added | $1.4m4.8k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $1.2m4.0k 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 2026-04-29 | 7.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 6.8% |
| Capital International Investors 13G · institution new · filed 2026-08-12 | 5.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 2023
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 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 2 | $11.8m | — |
| Q1 2022 | 0 | — | 1 | $1.8m | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 2 | $19.7m | — |
| Q4 2022 | 1 | $744.1k | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.14% of their portfolio | 20.7m $6.0bn | Reduced -21.7k |
| BlackRock Inc. 0.13% of their portfolio | 15.8m $4.6bn | Reduced -1.1m |
| STATE STREET CORP 0.17% of their portfolio | 11.2m $3.3bn | Added +34.6k |
| Capital International Investors 0.53% of their portfolio | 7.5m $2.2bn | Added +2.0m |
| WELLINGTON MANAGEMENT GROUP LLP 0.25% of their portfolio | 4.5m $1.3bn | Added +21.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.17% of their portfolio | 4.1m $1.2bn | Added +1.3m |
| COHEN & STEERS, INC. 2.48% of their portfolio | 4.0m $1.2bn | Reduced -3.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.13% of their portfolio | 3.9m $1.1bn | Added +114.1k |
| JPMORGAN CHASE & CO 0.08% of their portfolio | 2.4m $711.0m | Added +202.0k |
| Legal & General Group Plc 0.22% of their portfolio | 2.3m $684.0m | Reduced -50.2k |
| NORGES BANK 0.13% of their portfolio | 2.3m $678.1m | Reduced -55.8k |
| NORTHERN TRUST CORP 0.13% of their portfolio | 2.2m $656.3m | Reduced -115.4k |
| DIMENSIONAL FUND ADVISORS LP 0.20% of their portfolio | 2.2m $635.5m | Added +20.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.16% of their portfolio | 2.0m $576.6m | Added +436.5k |
| APG Asset Management US Inc. 4.69% of their portfolio | 2.0m $586.6m | Added +75.6k |
| MORGAN STANLEY 0.05% of their portfolio | 1.7m $486.4m | Reduced -113.8k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 4.89% of their portfolio | 1.4m $416.8m | Reduced -94.4k |
| Bank of New York Mellon Corp 0.09% of their portfolio | 1.4m $411.1m | Reduced -13.2k |
| FMR LLC 0.03% of their portfolio | 1.4m $409.9m | Reduced -1.9m |
| Capital World Investors 0.08% of their portfolio | 1.4m $402.1m | Added +639.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.20% of their portfolio | 1.4m $415.2m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.12% of their portfolio | 1.3m $375.0m | Added +792.0k |
| Nuveen Asset Management, LLC 0.13% of their portfolio | 1.3m $368.0m | Reduced -29.1k |
| AMERICAN CENTURY COMPANIES INC 0.27% of their portfolio | 1.2m $364.7m | Added +55.3k |
| DEUTSCHE BANK AG\ 0.19% of their portfolio | 1.2m $355.4m | Reduced -255.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.11% of their portfolio | 1.1m $329.3m | Reduced -9.5k |
| Capital Research Global Investors 0.08% of their portfolio | 986.2k $287.9m | Added +386.2k |
| California Public Employees Retirement System 0.24% of their portfolio | 967.0k $282.2m | Reduced -20.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.19% of their portfolio | 942.4k $275.1m | Reduced -54.6k |
| Invesco Ltd. 0.07% of their portfolio | 885.1k $258.3m | Added +145.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.20% of their portfolio | 861.3k $251.4m | Reduced -96.6k |
| Resolution Capital Ltd 4.14% of their portfolio | 860.5k $251.1m | Reduced -532.9k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 830.4k $242.4m | Reduced -247.2k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 4.17% of their portfolio | 797.5k $232.8m | Added +184.6k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 702.6k $205.1m | Reduced -104.9k |
| PRUDENTIAL FINANCIAL INC 0.30% of their portfolio | 700.8k $204.6m | Reduced -31.5k |
| Russell Investments Group, Ltd. 0.38% of their portfolio | 670.9k $195.6m | Reduced -161.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.29% of their portfolio | 656.1k $191.5m | Added +67.7k |
| HSBC HOLDINGS PLC 0.20% of their portfolio | 634.6k $184.9m | Added +116.3k |
| Daiwa Securities Group Inc. 1.15% of their portfolio | 593.4k $173.2m | Reduced -729.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.25% of their portfolio | 591.2k $172.6m | Added +2.0k |
| Swiss National Bank 0.11% of their portfolio | 571.4k $166.8m | Reduced -56.0k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 5.79% of their portfolio | 501.2k $146.3m | Reduced -627 |
| MONTRUSCO BOLTON INVESTMENTS INC. 2.25% of their portfolio | 496.6k $145.0m | Added +167.4k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.68% of their portfolio | 473.1k $138.1m | Added +29.2k |
| Clearbridge Investments, LLC 0.12% of their portfolio | 453.5k $132.4m | New |
| NEUBERGER BERMAN GROUP LLC 0.11% of their portfolio | 411.3k $120.0m | Reduced -42.5k |
| CANADA LIFE ASSURANCE Co 0.28% of their portfolio | 402.2k $117.9m | Reduced -18.7k |
| EP Wealth Advisors, LLC 0.01% of their portfolio | 400.0k $581.1k | Added +394.0k |
| ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio | 398.0k $116.2m | Added +6.5k |
| BARCLAYS PLC 0.07% of their portfolio | 379.4k $110.7m | Added +218.2k |
| SEI INVESTMENTS CO 0.19% of their portfolio | 378.3k $110.4m | Reduced -170.6k |
| AEW CAPITAL MANAGEMENT L P 4.19% of their portfolio | 372.6k $108.8m | Reduced -49.3k |
| Caisse de depot et placement du Quebec 0.29% of their portfolio | 368.3k $107.5m | Added +238.2k |
| RHUMBLINE ADVISERS 0.12% of their portfolio | 362.6k $105.8m | Added +3.4k |
| Asset Management One Co., Ltd. 0.44% of their portfolio | 359.1k $104.8m | Added +7.6k |
| MACQUARIE GROUP LTD 0.12% of their portfolio | 351.0k $102.5m | Added +43.7k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 338.6k $98.8m | Added +9.6k |
| National Pension Service 0.15% of their portfolio | 322.9k $93.2m | Added +31.2k |
| WESTWOOD HOLDINGS GROUP INC 0.83% of their portfolio | 319.4k $93.2m | Added +138.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.37% of their portfolio | 316.5k $92.4m | Reduced -4.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.12% of their portfolio | 311.7k $91.0m | Added +7.3k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 311.6k $91.2m | Added +51.9k |
| CREDIT SUISSE AG/ 0.09% of their portfolio | 310.3k $90.6m | Reduced -49.7k |
| Allianz Asset Management GmbH 0.18% of their portfolio | 303.0k $88.4m | Reduced -60.1k |
| Adelante Capital Management LLC 7.02% of their portfolio | 273.5k $79.8m | Reduced -9.8k |
| TD Asset Management Inc 0.09% of their portfolio | 272.1k $79.4m | Added +26.5k |
| FIRST TRUST ADVISORS LP 0.09% of their portfolio | 270.1k $78.9m | Added +1.3k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.75% of their portfolio | 267.6k $78.1m | Reduced -15.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.11% of their portfolio | 263.1k $76.8m | Reduced -4.7k |
| Aberdeen Group plc 0.17% of their portfolio | 250.6k $73.1m | Reduced -11.2k |
| Amundi 0.04% of their portfolio | 241.8k $70.8m | Reduced -165.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.14% of their portfolio | 226.2k $66.0m | Added +9.2k |
| Retirement Systems of Alabama 0.30% of their portfolio | 226.1k $66.0m | Added +83.2k |
| Mitsubishi UFJ Trust & Banking Corp 0.15% of their portfolio | 222.5k $64.9m | Reduced -27.7k |
| Heitman Real Estate Securities LLC 3.52% of their portfolio | 219.1k $63.9m | Added +13.1k |
| Brookfield Corp /ON/ 0.25% of their portfolio | 217.2k $63.4m | Reduced -104.4k |
| NOMURA ASSET MANAGEMENT CO LTD 0.29% of their portfolio | 214.2k $62.5m | Added +6.6k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 212.9k $62.2m | Reduced -60.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.12% of their portfolio | 211.5k $61.7m | Added +64.5k |
| Employees Retirement System of Texas 0.83% of their portfolio | 208.3k $60.8m | Added +70.0k |
| PANAGORA ASSET MANAGEMENT INC 0.36% of their portfolio | 208.1k $60.7m | Added +105.8k |
| Allspring Global Investments Holdings, LLC 0.10% of their portfolio | 206.7k $60.3m | Added +23.3k |
| TORONTO DOMINION BANK 0.04% of their portfolio | 198.7k $57.9m | Added +105.1k |
| Nan Shan Life Insurance Co., Ltd. 1.39% of their portfolio | 197.9k $57.8m | Unchanged |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 197.4k $57.6m | Added +28.7k |
| STRS OHIO 0.24% of their portfolio | 196.5k $57.4m | Reduced -462.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio | 187.7k $54.8m | Reduced -247.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.12% of their portfolio | 187.6k $54.8m | Reduced -3.0k |
| Thrivent Financial for Lutherans 0.12% of their portfolio | 186.8k $54.5m | Reduced -20.5k |
| State of Tennessee, Department of Treasury 0.23% of their portfolio | 184.6k $53.9m | Reduced -8.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.12% of their portfolio | 183.9k $53.7m | Reduced -12.2k |
| PINEBRIDGE INVESTMENTS, L.P. 0.54% of their portfolio | 172.3k $50.3m | Added +12.1k |
| Artisan Partners Limited Partnership 0.08% of their portfolio | 164.6k $48.0m | Reduced -9.7k |
| DekaBank Deutsche Girozentrale 0.11% of their portfolio | 163.9k $47.0m | Reduced -7.2k |
| PGGM Investments 0.75% of their portfolio | 158.0k $46.1m | Reduced -11.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.10% of their portfolio | 154.7k $45.2m | Added +11.4k |
| State of New Jersey Common Pension Fund D 0.15% of their portfolio | 154.4k $45.1m | Added +24.5k |
| BAMCO INC /NY/ 0.12% of their portfolio | 150.6k $44.0m | Reduced -29.9k |
| FEDERATED HERMES, INC. 0.11% of their portfolio | 145.5k $42.5m | Added +104.6k |