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 ($102.6m this quarter). Holder counts are more reliable. Shares outstanding: 175.7m as of 2024-04-23, 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 ≈ $288.94. Options: 15 managers hold calls ($78.5m notional), 20 hold puts ($132.6m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 934 |
| Q4 2022 | 957 |
| Q1 2023 | 948 |
| Q2 2023 | 985 |
| Q3 2023 | 980 |
| Q4 2023 | 1,064 |
| Q1 2024 | 1,069 |
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 |
| Q3 2023 | 451 | 428 |
| Q4 2023 | 502 | 436 |
| Q1 2024 | 547 | 417 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $142.6m | $122.6m | 0.86 |
| Q3 2023 | $168.0m | $120.5m | 0.72 |
| Q4 2023 | $164.3m | $127.6m | 0.78 |
| Q1 2024 | $78.5m | $132.6m | 1.69 |
Biggest buyers
| MORGAN STANLEY | Added | +2.4m |
| COHEN & STEERS, INC. | Added | +1.1m |
| FMR LLC | Added | +982.8k |
| JPMORGAN CHASE & CO | Added | +770.8k |
| UBS Group AG | Added | +364.2k |
| PRUDENTIAL FINANCIAL INC | Added | +333.2k |
| Daiwa Securities Group Inc. | Added | +299.8k |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +281.8k |
| BANK OF AMERICA CORP /DE/ | Added | +256.0k |
| Qube Research & Technologies Ltd | Added | +225.9k |
Biggest sellers
| STATE STREET CORP | Reduced | -921.8k |
| Capital International Investors | Reduced | -646.2k |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -600.2k |
| CITADEL ADVISORS LLC | Reduced | -559.3k |
| MARSHALL WACE, LLP | Reduced | -330.7k |
| BARCLAYS PLC | Reduced | -327.4k |
| WESTWOOD HOLDINGS GROUP INC | Reduced | -244.4k |
| DEUTSCHE BANK AG\ | Reduced | -233.1k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -186.1k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Reduced | -167.5k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $21.8m75.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $17.5m60.2k shares |
| UBS Group AG | Added | $11.2m38.5k shares |
| JANE STREET GROUP, LLC | Added | $8.7m30.1k shares |
| SIMPLEX TRADING, LLC | Added | $4.7m16.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $4.4m15.2k shares |
| Paloma Partners Management Co | Added | $3.9m13.4k shares |
| WOLVERINE TRADING, LLC | Reduced | $3.1m10.8k shares |
| TWO SIGMA SECURITIES, LLC | Added | $1.5m5.1k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $725.1k2.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $25.5m88.0k shares |
| CITADEL ADVISORS LLC | Added | $24.4m84.2k shares |
| UBS Group AG | Added | $22.5m77.6k shares |
| WS MANAGEMENT LLLP | Added | $15.3m52.7k shares |
| BANK OF AMERICA CORP /DE/ | Added | $14.7m50.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $11.4m39.3k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $4.4m15.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $2.9m100 shares |
| WOLVERINE TRADING, LLC | Reduced | $2.4m8.2k shares |
| GTS SECURITIES LLC | Added | $2.3m8.0k 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 Q1 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 |
|---|---|---|---|---|---|
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 2 | $19.7m | — |
| Q4 2022 | 1 | $744.1k | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 4 | $32.4m | — |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.12% of their portfolio | 20.9m $6.1bn | Added +217.5k |
| BlackRock Inc. 0.11% of their portfolio | 16.1m $4.7bn | Reduced -83.8k |
| STATE STREET CORP 0.14% of their portfolio | 10.5m $3.0bn | Reduced -921.8k |
| JPMORGAN CHASE & CO 0.08% of their portfolio | 5.8m $1.7bn | Added +770.8k |
| MORGAN STANLEY 0.04% of their portfolio | 5.7m $1.7bn | Added +2.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.19% of their portfolio | 5.4m $1.6bn | Added +219.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.21% of their portfolio | 4.0m $1.2bn | Reduced -186.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.10% of their portfolio | 3.8m $1.1bn | Added +100.7k |
| FMR LLC 0.07% of their portfolio | 3.6m $1.1bn | Added +982.8k |
| NORGES BANK 0.13% of their portfolio | 2.9m $842.1m | Added +210.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.18% of their portfolio | 2.7m $763.3m | Added +39.0k |
| COHEN & STEERS, INC. 1.63% of their portfolio | 2.7m $780.4m | Added +1.1m |
| Capital International Investors 0.15% of their portfolio | 2.6m $756.8m | Reduced -646.2k |
| Legal & General Group Plc 0.19% of their portfolio | 2.2m $644.4m | Reduced -155.5k |
| DIMENSIONAL FUND ADVISORS LP 0.17% of their portfolio | 2.2m $636.5m | Added +21.5k |
| APG Asset Management US Inc. 3.49% of their portfolio | 2.1m $602.3m | Added +27.5k |
| NORTHERN TRUST CORP 0.09% of their portfolio | 1.8m $514.8m | Reduced -62.1k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.51% of their portfolio | 1.5m $448.1m | Added +161.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.14% of their portfolio | 1.4m $398.6m | Reduced -37.3k |
| AMERIPRISE FINANCIAL INC 0.10% of their portfolio | 1.3m $375.4m | Added +85.6k |
| DEUTSCHE BANK AG\ 0.17% of their portfolio | 1.3m $362.8m | Reduced -233.1k |
| Invesco Ltd. 0.08% of their portfolio | 1.2m $351.4m | Added +23.3k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 3.55% of their portfolio | 1.2m $307.3m | Added +174.0k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 1.2m $342.5m | Reduced -37.4k |
| AMERICAN CENTURY COMPANIES INC 0.21% of their portfolio | 1.2m $336.9m | Reduced -143.7k |
| Nuveen Asset Management, LLC 0.09% of their portfolio | 1.1m $320.1m | Reduced -71.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.34% of their portfolio | 1.1m $319.3m | Added +281.8k |
| PRUDENTIAL FINANCIAL INC 0.44% of their portfolio | 1.1m $311.8m | Added +333.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.09% of their portfolio | 1.0m $301.2m | Reduced -23.4k |
| Capital World Investors 0.05% of their portfolio | 949.0k $275.3m | Unchanged |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 5.00% of their portfolio | 931.3k $270.1m | Reduced -167.5k |
| California Public Employees Retirement System 0.19% of their portfolio | 920.7k $267.0m | Reduced -35.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.17% of their portfolio | 874.2k $253.6m | Reduced -5.6k |
| MONTRUSCO BOLTON INVESTMENTS INC. 2.62% of their portfolio | 867.9k $245.9m | Added +124.0k |
| Clearbridge Investments, LLC 0.20% of their portfolio | 864.0k $250.6m | Added +3.0k |
| Russell Investments Group, Ltd. 0.39% of their portfolio | 862.5k $250.0m | Added +49.7k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 857.5k $248.7m | Added +256.0k |
| HSBC HOLDINGS PLC 0.14% of their portfolio | 677.0k $196.2m | Added +70.4k |
| ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio | 669.1k $194.1m | Added +205.0k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 648.2k $188.0m | Added +6.1k |
| Daiwa Securities Group Inc. 1.06% of their portfolio | 645.2k $187.1m | Added +299.8k |
| Amundi 0.07% of their portfolio | 628.3k $169.2m | Added +38.0k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 2.15% of their portfolio | 617.6k $179.1m | Added +42.9k |
| LAZARD ASSET MANAGEMENT LLC 0.20% of their portfolio | 573.6k $166.4m | Reduced -51.3k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 6.48% of their portfolio | 541.8k $157.2m | Added +17.7k |
| UBS Group AG 0.05% of their portfolio | 499.8k $145.0m | Added +364.2k |
| Swiss National Bank 0.10% of their portfolio | 473.9k $137.5m | Reduced -21.0k |
| MACQUARIE GROUP LTD 0.14% of their portfolio | 428.4k $124.3m | Reduced -7.2k |
| CANADA LIFE ASSURANCE Co 0.24% of their portfolio | 406.7k $117.9m | Added +8.6k |
| Capital Research Global Investors 0.02% of their portfolio | 370.2k $107.4m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 370.0k $107.3m | Added +11.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.12% of their portfolio | 363.2k $105.3m | Added +13.6k |
| RHUMBLINE ADVISERS 0.10% of their portfolio | 361.7k $104.9m | Reduced -4.6k |
| National Pension Service 0.12% of their portfolio | 357.8k $103.8m | Added +11.4k |
| NEUBERGER BERMAN GROUP LLC 0.08% of their portfolio | 352.8k $102.3m | Reduced -40.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio | 342.8k $99.4m | Reduced -600.2k |
| BARCLAYS PLC 0.04% of their portfolio | 337.9k $98.0m | Reduced -327.4k |
| Asset Management One Co., Ltd. 0.36% of their portfolio | 322.4k $93.5m | Reduced -9.8k |
| Adelante Capital Management LLC 6.11% of their portfolio | 319.9k $92.8m | Added +48.8k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.35% of their portfolio | 312.0k $90.5m | Reduced -3.4k |
| HighTower Advisors, LLC 0.14% of their portfolio | 305.4k $88.5m | Added +61.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.11% of their portfolio | 282.9k $82.1m | Added +30.9k |
| CREDIT SUISSE AG/ 0.08% of their portfolio | 282.9k $82.1m | Added +11.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.10% of their portfolio | 273.7k $79.4m | Reduced -6.3k |
| Aberdeen Group plc 0.16% of their portfolio | 273.3k $79.3m | Added +2.4k |
| Bank Julius Baer & Co. Ltd, Zurich 0.30% of their portfolio | 272.7k $78.9m | Added +10.3k |
| SEI INVESTMENTS CO 0.11% of their portfolio | 270.3k $78.4m | Added +49.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.10% of their portfolio | 262.8k $76.2m | Added +4.1k |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 256.0k $74.3m | Reduced -3.7k |
| Ranger Global Real Estate Advisors, LLC 2.54% of their portfolio | 252.7k $12.7m | Added +210.5k |
| Qube Research & Technologies Ltd 0.13% of their portfolio | 247.7k $71.8m | Added +225.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.09% of their portfolio | 241.5k $70.0m | Added +51.1k |
| Retirement Systems of Alabama 0.26% of their portfolio | 234.3k $67.9m | Added +51 |
| AEW CAPITAL MANAGEMENT L P 3.27% of their portfolio | 231.5k $67.2m | Reduced -92.2k |
| NOMURA ASSET MANAGEMENT CO LTD 0.24% of their portfolio | 229.8k $66.7m | Added +7.2k |
| Employees Retirement System of Texas 0.72% of their portfolio | 228.3k $66.2m | Reduced -1.0k |
| FEDERATED HERMES, INC. 0.15% of their portfolio | 222.2k $64.4m | Added +3.1k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 211.7k $61.4m | Reduced -50.7k |
| CITIGROUP INC 0.06% of their portfolio | 207.9k $60.3m | Added +46.3k |
| TD Asset Management Inc 0.06% of their portfolio | 207.6k $60.2m | Reduced -6.9k |
| Nan Shan Life Insurance Co., Ltd. 1.35% of their portfolio | 197.9k $57.4m | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.14% of their portfolio | 196.2k $59.3m | Added +17.7k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 183.4k $53.2m | Reduced -1.2k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 182.6k $52.6m | Reduced -35.5k |
| AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 178.7k $51.6m | Added +62.4k |
| Man Group plc 0.13% of their portfolio | 173.0k $50.2m | Reduced -9.4k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 166.5k $48.3m | Reduced -559.3k |
| State of New Jersey Common Pension Fund D 0.15% of their portfolio | 165.6k $48.0m | Unchanged |
| Allianz Asset Management GmbH 0.08% of their portfolio | 164.4k $47.7m | Added +22.9k |
| STRS OHIO 0.19% of their portfolio | 164.1k $47.6m | Added +15.1k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 162.6k $47.2m | Added +51.5k |
| KBC Group NV 0.15% of their portfolio | 162.1k $47.0m | Added +101.2k |
| PGGM Investments 0.65% of their portfolio | 155.0k $45.0m | Reduced -26.4k |
| Artisan Partners Limited Partnership 0.07% of their portfolio | 154.0k $44.7m | Reduced -4.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 153.6k $44.5m | Reduced -22.3k |
| Heitman Real Estate Securities LLC 2.53% of their portfolio | 153.5k $44.5m | Added +14.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 147.9k $42.9m | Added +6.4k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 139.1k $40.3m | Added +23.5k |
| GREAT LAKES ADVISORS, LLC 0.33% of their portfolio | 135.1k $39.2m | Added +1.8k |
| DekaBank Deutsche Girozentrale 0.07% of their portfolio | 134.2k $38.6m | Reduced -32.4k |