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 ($113.7m this quarter). Holder counts are more reliable. Shares outstanding: 175.1m as of 2024-10-23, 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 ≈ $363.58. Options: 20 managers hold calls ($90.8m notional), 20 hold puts ($107.5m).
Trends to Q3 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 |
| Q2 2024 | 1,071 |
| Q3 2024 | 1,136 |
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 |
| Q2 2024 | 527 | 450 |
| Q3 2024 | 558 | 467 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $164.3m | $127.6m | 0.78 |
| Q1 2024 | $78.5m | $132.6m | 1.69 |
| Q2 2024 | $77.0m | $106.8m | 1.39 |
| Q3 2024 | $90.8m | $107.5m | 1.18 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +2.9m |
| COHEN & STEERS, INC. | Added | +2.0m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.4m |
| FMR LLC | Added | +869.1k |
| Capital World Investors | Added | +706.2k |
| Daiwa Securities Group Inc. | Added | +405.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +244.1k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Added | +230.6k |
| 1832 Asset Management L.P. | Added | +178.6k |
| NEUBERGER BERMAN GROUP LLC | Added | +146.4k |
Biggest sellers
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Reduced | -672.6k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -595.3k |
| Capital International Investors | Reduced | -509.1k |
| Qube Research & Technologies Ltd | Reduced | -419.0k |
| PRUDENTIAL FINANCIAL INC | Reduced | -417.8k |
| Man Group plc | Reduced | -401.8k |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -186.8k |
| PANAGORA ASSET MANAGEMENT INC | Reduced | -142.1k |
| MORGAN STANLEY | Reduced | -138.5k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Reduced | -136.1k |
Biggest calls
| JPMORGAN CHASE & CO | Unchanged | $21.8m60.0k shares |
| CITADEL ADVISORS LLC | Added | $19.8m54.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $15.5m42.5k shares |
| JANE STREET GROUP, LLC | Added | $12.7m34.8k shares |
| IMC-Chicago, LLC | Added | $5.3m14.7k shares |
| WOLVERINE TRADING, LLC | Added | $3.2m9.0k shares |
| MILLENNIUM MANAGEMENT LLC | New | $2.1m5.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.0m5.5k shares |
| UBS Group AG | Reduced | $1.8m4.9k shares |
| GTS SECURITIES LLC | Reduced | $1.7m4.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $30.4m83.5k shares |
| JPMORGAN CHASE & CO | New | $21.8m60.0k shares |
| CITADEL ADVISORS LLC | Reduced | $12.7m34.9k shares |
| WS MANAGEMENT LLLP | Unchanged | $10.9m30.0k shares |
| UBS Group AG | Reduced | $9.1m25.0k shares |
| SIMPLEX TRADING, LLC | New | $6.7m18.3k shares |
| IMC-Chicago, LLC | New | $4.8m13.2k shares |
| JANE STREET GROUP, LLC | New | $3.8m10.4k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.5m4.2k shares |
| MILLENNIUM MANAGEMENT LLC | New | $1.4m3.8k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2024 | 1 | $599.5k | 1 | $109.7k | — |
| Q3 2024 | 0 | — | 1 | $136.0k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-08-23 | Vitan Nathaniel A. Chief Legal Officer | Sold | $136.0k400 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.13% of their portfolio | 20.7m $7.5bn | Reduced -24.3k |
| BlackRock, Inc. 0.13% of their portfolio | 16.6m $6.0bn | First filing |
| STATE STREET CORP 0.15% of their portfolio | 10.4m $3.8bn | Added +55.1k |
| JPMORGAN CHASE & CO 0.13% of their portfolio | 8.9m $3.2bn | Added +2.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.26% of their portfolio | 6.1m $2.2bn | Added +244.1k |
| FMR LLC 0.11% of their portfolio | 5.0m $1.8bn | Added +869.1k |
| COHEN & STEERS, INC. 3.13% of their portfolio | 4.8m $1.8bn | Added +2.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.12% of their portfolio | 3.9m $1.4bn | Added +52.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.21% of their portfolio | 3.4m $1.2bn | Reduced -595.3k |
| NORGES BANK 0.15% of their portfolio | 3.0m $1.1bn | Added +8.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.20% of their portfolio | 2.8m $1.0bn | Added +55.0k |
| APG Asset Management US Inc. 5.36% of their portfolio | 2.2m $792.0m | Reduced -2.5k |
| DIMENSIONAL FUND ADVISORS LP 0.19% of their portfolio | 2.1m $777.0m | Reduced -43.7k |
| Capital International Investors 0.15% of their portfolio | 2.1m $764.5m | Reduced -509.1k |
| Legal & General Group Plc 0.20% of their portfolio | 2.1m $749.6m | Reduced -100.9k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 2.07% of their portfolio | 1.7m $633.9m | Added +230.6k |
| NORTHERN TRUST CORP 0.10% of their portfolio | 1.7m $628.3m | Reduced -66.2k |
| MORGAN STANLEY 0.04% of their portfolio | 1.6m $581.7m | Reduced -138.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.14% of their portfolio | 1.5m $561.8m | Added +1.4m |
| Capital World Investors 0.07% of their portfolio | 1.2m $454.7m | Added +706.2k |
| AMERIPRISE FINANCIAL INC 0.12% of their portfolio | 1.2m $451.6m | Reduced -31.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.39% of their portfolio | 1.1m $410.9m | Reduced -66.6k |
| Daiwa Securities Group Inc. 1.87% of their portfolio | 1.1m $405.3m | Added +405.8k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 1.1m $391.7m | Reduced -71.0k |
| Invesco Ltd. 0.08% of their portfolio | 1.1m $389.9m | Reduced -51.4k |
| Nuveen Asset Management, LLC 0.10% of their portfolio | 987.4k $359.3m | Reduced -36.3k |
| DEUTSCHE BANK AG\ 0.14% of their portfolio | 973.8k $354.3m | Reduced -40.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.10% of their portfolio | 965.2k $351.2m | Reduced -23.6k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 860.3k $313.0m | Added +59.6k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.85% of their portfolio | 834.8k $303.8m | Reduced -136.1k |
| AMERICAN CENTURY COMPANIES INC 0.17% of their portfolio | 824.5k $300.0m | Reduced -9.4k |
| Russell Investments Group, Ltd. 0.42% of their portfolio | 796.5k $289.2m | Added +37.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.20% of their portfolio | 796.5k $289.8m | Reduced -52.0k |
| ROYAL BANK OF CANADA 0.06% of their portfolio | 793.9k $288.9m | Added +46.8k |
| MONTRUSCO BOLTON INVESTMENTS INC. 2.94% of their portfolio | 784.0k $279.2m | Reduced -55.0k |
| California Public Employees Retirement System 0.19% of their portfolio | 754.5k $274.5m | Reduced -35.5k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 729.8k $265.6m | Reduced -87.9k |
| Clearbridge Investments, LLC 0.21% of their portfolio | 724.4k $263.6m | Reduced -4.9k |
| HSBC HOLDINGS PLC 0.16% of their portfolio | 705.4k $256.3m | Added +117.3k |
| PRUDENTIAL FINANCIAL INC 0.30% of their portfolio | 580.9k $211.4m | Reduced -417.8k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 2.32% of their portfolio | 555.2k $202.0m | Reduced -36.2k |
| UBS Group AG 0.05% of their portfolio | 525.2k $191.1m | Added +114.2k |
| Amundi 0.06% of their portfolio | 506.4k $176.2m | Added +17.4k |
| ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio | 480.1k $174.7m | Reduced -21.7k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 6.63% of their portfolio | 476.7k $173.4m | Reduced -65.1k |
| Swiss National Bank 0.11% of their portfolio | 469.4k $170.8m | Added +1.3k |
| BARCLAYS PLC 0.07% of their portfolio | 465.7k $169.4m | Added +13.1k |
| NEUBERGER BERMAN GROUP LLC 0.13% of their portfolio | 463.2k $168.6m | Added +146.4k |
| MACQUARIE GROUP LTD 0.17% of their portfolio | 439.0k $159.7m | Added +26.9k |
| National Pension Service 0.14% of their portfolio | 410.5k $149.4m | Added +44.6k |
| JANUS HENDERSON GROUP PLC 0.07% of their portfolio | 401.2k $145.9m | Added +3.9k |
| CANADA LIFE ASSURANCE Co 0.25% of their portfolio | 396.4k $144.4m | Reduced -18.9k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 2.26% of their portfolio | 389.9k $141.9m | Reduced -672.6k |
| AQR CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 370.3k $132.1m | Reduced -16.9k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 362.1k $131.8m | Added +188 |
| HighTower Advisors, LLC 0.18% of their portfolio | 349.7k $127.2m | Added +2.0k |
| RHUMBLINE ADVISERS 0.11% of their portfolio | 348.5k $126.8m | Reduced -7.4k |
| SEI INVESTMENTS CO 0.16% of their portfolio | 338.4k $123.1m | Added +63.9k |
| Capital Research Global Investors 0.03% of their portfolio | 336.2k $122.3m | Reduced -34.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.13% of their portfolio | 333.4k $121.3m | Added +22.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.50% of their portfolio | 322.4k $117.3m | Added +5.6k |
| Asset Management One Co., Ltd. 0.40% of their portfolio | 305.4k $111.1m | Reduced -5.9k |
| FEDERATED HERMES, INC. 0.24% of their portfolio | 303.5k $110.4m | Added +48.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.11% of their portfolio | 300.1k $107.0m | Reduced -71.2k |
| Adelante Capital Management LLC 6.83% of their portfolio | 290.8k $105.8m | Reduced -7.9k |
| KBC Group NV 0.30% of their portfolio | 274.7k $100.0m | Added +96.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.11% of their portfolio | 255.3k $92.9m | Reduced -1.1k |
| 1832 Asset Management L.P. 0.15% of their portfolio | 249.1k $90.7m | Added +178.6k |
| NOMURA ASSET MANAGEMENT CO LTD 0.27% of their portfolio | 244.9k $89.1m | Added +1.3k |
| Aberdeen Group plc 0.16% of their portfolio | 242.9k $87.5m | Reduced -17.2k |
| Retirement Systems of Alabama 0.32% of their portfolio | 232.9k $84.8m | Reduced -11.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.11% of their portfolio | 220.6k $80.3m | Reduced -52.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 218.9k $79.6m | Added +97.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 214.4k $78.0m | Added +4.0k |
| AEW CAPITAL MANAGEMENT L P 3.30% of their portfolio | 210.7k $76.7m | Reduced -2.6k |
| TD Asset Management Inc 0.07% of their portfolio | 207.8k $74.1m | Reduced -1.3k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 196.2k $70.0m | Added +4.6k |
| PGGM Investments 0.90% of their portfolio | 192.5k $70.1m | Added +25.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 181.7k $66.1m | Added +20.7k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 181.1k $65.9m | Reduced -20.1k |
| STRS OHIO 0.25% of their portfolio | 175.5k $63.9m | Reduced -34.7k |
| CITIGROUP INC 0.06% of their portfolio | 174.1k $63.4m | Reduced -12.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 161.8k $58.9m | Added +27.5k |
| Bank Julius Baer & Co. Ltd, Zurich 0.22% of their portfolio | 154.6k $66.0m | Reduced -111.0k |
| Swedbank AB 0.07% of their portfolio | 154.2k $56.1m | Added +37.3k |
| Artisan Partners Limited Partnership 0.08% of their portfolio | 149.8k $54.5m | Reduced -1.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.10% of their portfolio | 148.5k $54.0m | Reduced -43.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.10% of their portfolio | 147.6k $53.7m | Reduced -1.9k |
| Allspring Global Investments Holdings, LLC 0.08% of their portfolio | 142.3k $51.8m | Added +2.6k |
| NewEdge Advisors, LLC 0.33% of their portfolio | 137.8k $50.2m | Added +922 |
| GREAT LAKES ADVISORS, LLC 0.40% of their portfolio | 131.3k $47.8m | Reduced -121 |
| Caisse de depot et placement du Quebec 0.09% of their portfolio | 130.0k $47.3m | Added +90.2k |
| DekaBank Deutsche Girozentrale 0.08% of their portfolio | 127.4k $45.5m | Reduced -4.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.10% of their portfolio | 127.0k $46.2m | Reduced -7.7k |
| LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio | 124.8k $45.4m | Reduced -186.8k |
| Allianz Asset Management GmbH 0.07% of their portfolio | 122.9k $44.7m | Reduced -25.7k |
| RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio | 122.1k $44.4m | Reduced -7.5k |
| Heitman Real Estate Securities LLC 2.32% of their portfolio | 117.2k $42.6m | Added +13.0k |
| Pictet Asset Management Holding SA 0.05% of their portfolio | 114.4k $41.6m | Added +11.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 112.0k $40.8m | Added +2.9k |