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 ($164.5m this quarter). Holder counts are more reliable. Shares outstanding: 175.5m as of 2025-07-23, 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 ≈ $293.31. Options: 17 managers hold calls ($45.8m notional), 15 hold puts ($57.1m).
Trends to Q2 2025
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 |
| Q4 2024 | 1,135 |
| Q1 2025 | 1,149 |
| Q2 2025 | 1,150 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 451 | 428 |
| Q4 2023 | 502 | 436 |
| Q1 2024 | 547 | 417 |
| Q2 2024 | 527 | 450 |
| Q3 2024 | 558 | 467 |
| Q4 2024 | 482 | 530 |
| Q1 2025 | 575 | 459 |
| Q2 2025 | 578 | 476 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $90.8m | $107.5m | 1.18 |
| Q4 2024 | $82.1m | $67.5m | 0.82 |
| Q1 2025 | $57.1m | $62.0m | 1.09 |
| Q2 2025 | $45.8m | $57.1m | 1.25 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +923.6k |
| NORGES BANK | Added | +856.8k |
| FMR LLC | Added | +680.2k |
| AQR CAPITAL MANAGEMENT LLC | Added | +481.9k |
| Clearbridge Investments, LLC | Added | +416.9k |
| 1832 Asset Management L.P. | Added | +307.4k |
| GOLDMAN SACHS GROUP INC | Added | +203.0k |
| DEUTSCHE BANK AG\ | Added | +194.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +155.0k |
| Caisse de depot et placement du Quebec | Added | +144.7k |
Biggest sellers
| COHEN & STEERS, INC. | Reduced | -1.2m |
| Capital International Investors | Reduced | -473.9k |
| Daiwa Securities Group Inc. | Reduced | -330.7k |
| Point72 Asset Management, L.P. | Sold out | -236.8k |
| National Pension Service | Reduced | -207.8k |
| BlackRock, Inc. | Reduced | -164.9k |
| Heitman Real Estate Securities LLC | Reduced | -164.1k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -144.4k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -144.2k |
| NORTHERN TRUST CORP | Reduced | -140.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $11.2m38.3k shares |
| CITADEL ADVISORS LLC | Added | $10.6m36.1k shares |
| IMC-Chicago, LLC | Reduced | $4.4m14.9k shares |
| PUFF WEALTH MANAGEMENT, LLC | Reduced | $3.8m13.0k shares |
| JANE STREET GROUP, LLC | Added | $3.0m10.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $2.2m7.7k shares |
| LANDMARK INVESTMENT PARTNERS, L.P. | New | $2.1m7.2k shares |
| Maven Securities LTD | Added | $1.9m6.5k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $1.6m5.5k shares |
| GARDA CAPITAL PARTNERS LP | Added | $1.4m4.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $29.0m98.9k shares |
| UBS Group AG | Reduced | $5.5m18.9k shares |
| WOLVERINE TRADING, LLC | Added | $5.2m18.0k shares |
| CITADEL ADVISORS LLC | Reduced | $4.4m15.1k shares |
| IMC-Chicago, LLC | New | $3.4m11.6k shares |
| JANE STREET GROUP, LLC | Reduced | $1.7m5.9k shares |
| Squarepoint Ops LLC | New | $1.6m5.4k shares |
| Allianz Asset Management GmbH | Reduced | $1.5m5.2k shares |
| GARDA CAPITAL PARTNERS LP | Added | $1.4m4.9k shares |
| Maven Securities LTD | Added | $1.1m3.6k 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 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.
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 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 | — |
| Q4 2024 | 0 | — | 1 | $143.1k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.10% of their portfolio | 20.8m $6.1bn | Added +79.6k |
| BlackRock, Inc. 0.09% of their portfolio | 16.6m $4.9bn | Reduced -164.9k |
| STATE STREET CORP 0.12% of their portfolio | 10.6m $3.1bn | Added +126.1k |
| FMR LLC 0.08% of their portfolio | 5.0m $1.5bn | Added +680.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.15% of their portfolio | 4.5m $1.3bn | Reduced -38.9k |
| COHEN & STEERS, INC. 2.42% of their portfolio | 4.5m $1.3bn | Reduced -1.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 4.0m $1.2bn | Reduced -144.4k |
| NORGES BANK 0.14% of their portfolio | 3.9m $1.2bn | Added +856.8k |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 3.2m $926.4m | Added +104.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.16% of their portfolio | 2.9m $859.6m | Reduced -58.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.15% of their portfolio | 2.9m $857.7m | Added +87.9k |
| NORTHERN TRUST CORP 0.10% of their portfolio | 2.4m $705.9m | Reduced -140.8k |
| APG Asset Management US Inc. 4.84% of their portfolio | 2.2m $647.0m | Added +9.6k |
| DIMENSIONAL FUND ADVISORS LP 0.15% of their portfolio | 2.1m $629.1m | Added +9.7k |
| Legal & General Group Plc 0.14% of their portfolio | 2.0m $580.7m | Added +25.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.11% of their portfolio | 1.9m $565.1m | Added +155.0k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.82% of their portfolio | 1.8m $541.1m | Added +70.8k |
| DEUTSCHE BANK AG\ 0.19% of their portfolio | 1.7m $510.9m | Added +194.9k |
| MORGAN STANLEY 0.03% of their portfolio | 1.7m $508.7m | Added +132.9k |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 1.7m $503.3m | Added +923.6k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 1.4m $401.4m | Added +203.0k |
| AMERIPRISE FINANCIAL INC 0.09% of their portfolio | 1.2m $362.6m | Added +34.4k |
| Bank of New York Mellon Corp 0.06% of their portfolio | 1.1m $318.7m | Added +10.7k |
| Clearbridge Investments, LLC 0.26% of their portfolio | 1.1m $316.9m | Added +416.9k |
| Invesco Ltd. 0.05% of their portfolio | 1.1m $312.6m | Reduced -51.0k |
| Russell Investments Group, Ltd. 0.38% of their portfolio | 1.0m $296.5m | Reduced -76.6k |
| Nuveen, LLC 0.08% of their portfolio | 956.3k $280.6m | Added +50.1k |
| Daiwa Securities Group Inc. 0.96% of their portfolio | 887.4k $260.4m | Reduced -330.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.08% of their portfolio | 871.6k $255.7m | Reduced -34.5k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 850.3k $249.5m | Reduced -68.7k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.53% of their portfolio | 830.2k $243.6m | Reduced -32.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.14% of their portfolio | 776.3k $227.8m | Added +21.6k |
| MONTRUSCO BOLTON INVESTMENTS INC. 2.44% of their portfolio | 769.8k $220.3m | Added +54.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.18% of their portfolio | 713.2k $209.3m | Reduced -25.5k |
| NEUBERGER BERMAN GROUP LLC 0.16% of their portfolio | 710.3k $208.4m | Reduced -20.3k |
| AMERICAN CENTURY COMPANIES INC 0.11% of their portfolio | 667.1k $195.7m | Reduced -83.7k |
| Amundi 0.07% of their portfolio | 643.3k $191.1m | Reduced -69.7k |
| California Public Employees Retirement System 0.11% of their portfolio | 611.7k $179.5m | Reduced -114.7k |
| AQR CAPITAL MANAGEMENT LLC 0.14% of their portfolio | 578.5k $167.0m | Added +481.9k |
| HSBC HOLDINGS PLC 0.10% of their portfolio | 541.3k $158.6m | Reduced -121.5k |
| PRUDENTIAL FINANCIAL INC 0.19% of their portfolio | 513.5k $150.7m | Reduced -55.5k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.76% of their portfolio | 511.3k $150.0m | Reduced -12.8k |
| ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio | 508.2k $149.1m | Added +3.0k |
| Swiss National Bank 0.08% of their portfolio | 477.9k $140.2m | Added +33.2k |
| CANADA LIFE ASSURANCE Co 0.22% of their portfolio | 475.1k $139.5m | Added +8.0k |
| Capital International Investors 0.02% of their portfolio | 444.0k $130.3m | Reduced -473.9k |
| UBS Group AG 0.03% of their portfolio | 437.0k $128.2m | Added +15.7k |
| MACQUARIE GROUP LTD 0.15% of their portfolio | 421.3k $123.6m | Reduced -18.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.10% of their portfolio | 416.0k $122.1m | Added +23.2k |
| AEW CAPITAL MANAGEMENT L P 6.36% of their portfolio | 412.1k $120.9m | Reduced -20.0k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 4.72% of their portfolio | 393.6k $115.5m | Added +24.6k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 393.1k $115.3m | Added +8.2k |
| 1832 Asset Management L.P. 0.20% of their portfolio | 389.2k $114.2m | Added +307.4k |
| SEI INVESTMENTS CO 0.13% of their portfolio | 370.3k $108.7m | Reduced -83.9k |
| HighTower Advisors, LLC 0.14% of their portfolio | 367.5k $107.8m | Added +5.2k |
| Aberdeen Group plc 0.18% of their portfolio | 360.2k $103.9m | Added +26.4k |
| Caisse de depot et placement du Quebec 0.22% of their portfolio | 355.0k $104.2m | Added +144.7k |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 348.6k $102.3m | Reduced -2.9k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.17% of their portfolio | 330.0k $96.8m | Added +13.5k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.65% of their portfolio | 321.4k $94.3m | Reduced -300 |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.08% of their portfolio | 312.5k $91.7m | Reduced -20.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.31% of their portfolio | 311.2k $91.3m | Added +101 |
| BARCLAYS PLC 0.04% of their portfolio | 311.1k $91.3m | Added +30.0k |
| Asset Management One Co., Ltd. 0.28% of their portfolio | 306.4k $89.9m | Reduced -4.2k |
| Bank Julius Baer & Co. Ltd, Zurich 0.26% of their portfolio | 301.2k $88.4m | Added +8.2k |
| NOMURA ASSET MANAGEMENT CO LTD 0.22% of their portfolio | 276.1k $81.0m | Added +8.7k |
| Qube Research & Technologies Ltd 0.11% of their portfolio | 263.4k $77.3m | Reduced -122.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 259.9k $76.3m | Added +11.8k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.13% of their portfolio | 253.9k $74.5m | Reduced -86.1k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 247.0k $72.4m | Reduced -130.6k |
| Allspring Global Investments Holdings, LLC 0.12% of their portfolio | 245.7k $73.2m | Added +30.6k |
| National Pension Service 0.06% of their portfolio | 245.0k $71.9m | Reduced -207.8k |
| Adelante Capital Management LLC 5.29% of their portfolio | 244.9k $71.8m | Reduced -6.0k |
| CITIGROUP INC 0.05% of their portfolio | 238.7k $70.0m | Added +57.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 238.5k $70.0m | Added +38 |
| Capital World Investors 0.01% of their portfolio | 225.0k $66.0m | Unchanged |
| Allianz Asset Management GmbH 0.09% of their portfolio | 223.6k $65.6m | Added +20.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.12% of their portfolio | 207.9k $61.0m | Reduced -16.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.08% of their portfolio | 204.3k $59.9m | Reduced -3.1k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 195.4k $57.3m | Added +11.9k |
| TD Asset Management Inc 0.05% of their portfolio | 194.2k $57.0m | Added +95 |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 176.2k $51.7m | Reduced -6.0k |
| Swedbank AB 0.06% of their portfolio | 171.3k $50.3m | First filing |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 168.0k $49.3m | Added +4.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 166.1k $48.7m | Reduced -144.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 153.9k $45.2m | Added +141.7k |
| Artisan Partners Limited Partnership 0.07% of their portfolio | 150.6k $44.2m | Reduced -517 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio | 150.1k $44.0m | Added +3.2k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.11% of their portfolio | 146.5k $43.0m | Added +593 |
| KBC Group NV 0.11% of their portfolio | 140.2k $41.1m | Reduced -62.1k |
| Perpetual Ltd 0.47% of their portfolio | 136.5k $40.0m | Added +3.4k |
| GREAT LAKES ADVISORS, LLC 0.33% of their portfolio | 135.5k $39.7m | Added +398 |
| PGGM Investments 0.66% of their portfolio | 129.8k $38.1m | Reduced -23.3k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 127.7k $37.5m | New |
| DekaBank Deutsche Girozentrale 0.07% of their portfolio | 127.4k $36.5m | Reduced -6.8k |
| Retirement Systems of Alabama 0.13% of their portfolio | 123.7k $36.3m | Reduced -107.3k |
| Heitman Real Estate Securities LLC 2.54% of their portfolio | 122.2k $35.8m | Reduced -164.1k |
| AVIVA PLC 0.07% of their portfolio | 118.1k $34.7m | Added +7.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 117.2k $34.4m | Added +29 |
| CI INVESTMENTS INC. 0.13% of their portfolio | 116.2k $34.1m | Added +97.0k |