Vault-13

RLJ LODGING TR RLJ 1.95 PERP A

CUM CONV PFD A · PUBLIC · CUSIP 74965L200

62 institutional holders +1 vs Q4 2024
5,353,6165.4m shares reported held*
$130.7mreported value*
6 new 17 added 23 reduced 5 sold out net sold ≈ $2.2m (-161.7k shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $24.41.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 54Q4 22: 55Q1 23: 50Q2 23: 52Q3 23: 52Q4 23: 54Q1 24: 51Q2 24: 50Q3 24: 53Q4 24: 61Q1 25: 6262Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202254
Q4 202255
Q1 202350
Q2 202352
Q3 202352
Q4 202354
Q1 202451
Q2 202450
Q3 202453
Q4 202461
Q1 202562

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q2 23: 18 bought or addedQ2 23: 22 cut or sold outQ3 23: 22 bought or addedQ3 23: 22 cut or sold outQ3 23Q4 23: 25 bought or addedQ4 23: 20 cut or sold outQ1 24: 22 bought or addedQ1 24: 21 cut or sold outQ1 24Q2 24: 15 bought or addedQ2 24: 26 cut or sold outQ3 24: 25 bought or addedQ3 24: 13 cut or sold outQ3 24Q4 24: 26 bought or addedQ4 24: 27 cut or sold outQ1 25: 23 bought or addedQ1 25: 28 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20231822
Q3 20232222
Q4 20232520
Q1 20242221
Q2 20241526
Q3 20242513
Q4 20242627
Q1 20252328

Biggest buyers

INFRASTRUCTURE CAPITAL ADVISORS, LLC Added +82,892+82.9k
LDR Capital Management LLC Added +23,056+23.1k
Marex Group Ltd New +19,950+19.9k
A. D. Beadell Investment Counsel, Inc. New +10,450+10.4k
LPL Financial LLC Added +6,271+6.3k
Zhang Financial LLC Added +4,122+4.1k
Cambridge Investment Research Advisors, Inc. Added +3,375+3.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +3,034+3.0k
D.A. DAVIDSON & CO. Added +2,371+2.4k
FIRST TRUST ADVISORS LP Added +2,334+2.3k

Biggest sellers

AXS Investments LLC Sold out -112,442-112.4k
MILLENNIUM MANAGEMENT LLC Sold out -72,225-72.2k
BlackRock, Inc. Reduced -39,022-39.0k
VAN ECK ASSOCIATES CORP Reduced -35,906-35.9k
Adams Asset Advisors, LLC Reduced -20,621-20.6k
JANE STREET GROUP, LLC Reduced -14,693-14.7k
HRT FINANCIAL LP Sold out -8,260-8.3k
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduced -4,998-5.0k
UBS Group AG Reduced -3,932-3.9k
Uniplan Investment Counsel, Inc. Reduced -1,619-1.6k

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.

HolderStakeChangeShares Last filed
INFRASTRUCTURE CAPITAL ADVISORS, LLC 13G · institution +0.9 pts · filed 2026-08-14 15.8% +0.9 pts 2.0m≈ $48.7m 2026-08-14

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 INFRASTRUCTURE CAPITAL ADVISORS, LLC 4.60% of their portfolio New York, NY 1,495,2641.5m $36.5m $36.5m 4.60% Added +82.9k +82,892
2 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,076,0511.1m $26.3m $26.3m 0.00% Reduced -39.0k -39,022
3 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 424,227424.2k $10.4m $10.4m 0.01% Reduced -35.9k -35,906
4 WESTWOOD HOLDINGS GROUP INC 0.07% of their portfolio DALLAS, TX 375,000375.0k $9.2m $9.2m 0.07% Unchanged
5 LDR Capital Management LLC 9.14% of their portfolio New York, NY 310,238310.2k $7.6m $7.6m 9.14% Added +23.1k +23,056
6 COHEN & STEERS, INC. 0.01% of their portfolio NEW YORK, NY 274,123274.1k $6.7m $6.7m 0.01% Reduced -301 -301
7 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio CAUSEWAY BAY, K3 255,204255.2k $6.2m $6.2m 0.01% Reduced -5.0k -4,998
8 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 144,752144.8k $3.5m $3.5m 0.00% Added +2.3k +2,334
9 Brookfield Corp /ON/ 0.00% of their portfolio TORONTO, A6 91,28791.3k $2.2m $2.2m 0.00% Added +27 +27
10 Adams Asset Advisors, LLC 0.29% of their portfolio DALLAS, TX 85,27585.3k $2.1m $2.1m 0.29% Reduced -20.6k -20,621
11 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 77,02677.0k $1.9m $1.9m 0.02% Added +2.4k +2,371
12 Edgemoor Investment Advisors, Inc. 0.17% of their portfolio BETHESDA, MD 74,33374.3k $1.8m $1.8m 0.17% Reduced -1.1k -1,145
13 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 73,37973.4k $1.8m $1.8m 0.00% Added +6.3k +6,271
14 FMR LLC 0.00% of their portfolio BOSTON, MA 64,03564.0k $1.6m $1.6m 0.00% Unchanged
15 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 45,48645.5k $1.1m $1.1m 0.00% Added +1.9k +1,909
16 Advisors Capital Management, LLC 0.01% of their portfolio RIDGEWOOD, NJ 38,37838.4k $936.4k $936.4k 0.01% Reduced -1.1k -1,060
17 Uniplan Investment Counsel, Inc. 0.09% of their portfolio MILWAUKEE, WI 37,52437.5k $915.6k $915.6k 0.09% Reduced -1.6k -1,619
18 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 32,52132.5k $793.5k $793.5k 0.00% First filing
19 Koshinski Asset Management, Inc. 0.07% of their portfolio DECATUR, IL 32,00632.0k $781.0k $781.0k 0.07% Added +608 +608
20 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 30,34930.3k $740.5k $740.5k 0.00% Reduced -654 -654
21 Mariner, LLC 0.00% of their portfolio Overland Park, KS 26,64426.6k $650.1k $650.1k 0.00% Reduced -1.2k -1,250
22 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 25,46225.5k $621.0k $621.0k 0.00% Reduced -800 -800
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 21,31821.3k $520.2k $520.2k 0.00% Reduced -1.0k -1,000
24 Marex Group Ltd 0.01% of their portfolio London, X0 19,95019.9k $486.8k $486.8k 0.01% New
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 19,62019.6k $478.7k $478.7k 0.00% Added +20 +20
26 Diligent Investors, LLC 0.09% of their portfolio REDLANDS, CA 15,69715.7k $383.0k $383.0k 0.09% Reduced -900 -900
27 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 15,51115.5k $378.5k $378.5k 0.00% Reduced -960 -960
28 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 15,09415.1k $368.3k $368.3k 0.00% Added +3.0k +3,034
29 ASPIRIANT, LLC 0.01% of their portfolio San Francisco, CA 13,98014.0k $341.1k $341.1k 0.01% Unchanged
30 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 12,81512.8k $313.0k $313.0k 0.00% Added +3.4k +3,375
31 Zhang Financial LLC 0.02% of their portfolio PORTAGE, MI 12,43312.4k $303.4k $303.4k 0.02% Added +4.1k +4,122
32 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,40212.4k $302.6k $302.6k 0.00% Added +23 +23
33 Penserra Capital Management LLC 0.01% of their portfolio ORINDA, CA 12,34312.3k $301.0k $301.0k 0.01% Added +2.0k +2,041
34 A. D. Beadell Investment Counsel, Inc. 0.21% of their portfolio MEQUON, WI 10,45010.4k $254.0k $254.0k 0.21% New
35 Quad-Cities Investment Group, LLC 0.12% of their portfolio DAVENPORT, IA 10,10910.1k $246.7k $246.7k 0.12% Reduced -60 -60
36 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 9,96310.0k $243.1k $243.1k 0.00% Added +1.4k +1,374
37 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 9,8559.9k $240.0k $240.0k 0.00% Reduced -293 -293
38 ZAZOVE ASSOCIATES LLC 0.02% of their portfolio INCLINE VILLAGE, NV 9,2669.3k $226.2k $226.2k 0.02% Unchanged
39 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 9,1309.1k $222.8k $222.8k 0.00% Reduced -14.7k -14,693
40 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 8,4008.4k $204.9k $204.9k 0.00% Unchanged
41 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 6,2096.2k $151.5k $151.5k 0.01% Reduced -774 -774
42 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,8163.8k $93.1k $93.1k 0.00% Added +500 +500
43 CALDWELL SUTTER CAPITAL, INC. 0.03% of their portfolio SAUSALITO, CA 2,6002.6k $63.4k $63.4k 0.03% Unchanged
44 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 2,5002.5k $61.0k $61.0k 0.00% Reduced -301 -301
45 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 2,0002.0k $48.8k $48.8k 0.00% Unchanged
46 H/2 CREDIT MANAGER LP 0.01% of their portfolio STAMFORD, CT 2,0002.0k $49.0k $49.0k 0.01% Unchanged
47 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,9271.9k $47.0k $47.0k 0.00% Added +727 +727
48 Jackson, Grant Investment Advisers, Inc. 0.01% of their portfolio STAMFORD, CT 1,3581.4k $33.1k $33.1k 0.01% Unchanged
49 COMERICA BANK 0.00% of their portfolio DALLAS, TX 1,0081.0k $24.6k $24.6k 0.00% Unchanged
50 Future Financial Wealth Managment LLC 0.02% of their portfolio CINCINNATI, OH 1,0001.0k $24.4k $24.4k 0.02% Unchanged
51 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 955955 $23.3k $23.3k 0.00% Reduced -84 -84
52 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 750750 $18.3k $18.3k 0.00% Unchanged
53 UBS Group AG 0.00% of their portfolio ZURICH, V8 634634 $15.5k $15.5k 0.00% Reduced -3.9k -3,932
54 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 600600 $14.1k $14.1k 0.00% New
55 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 421421 $10.3k $10.3k 0.00% Reduced -791 -791
56 CWM, LLC 0.00% of their portfolio OMAHA, NE 350350 $9.0k $9.0k 0.00% Unchanged
57 Physician Wealth Advisors, Inc. 0.00% of their portfolio MIDVALE, UT 300300 $7.3k $7.3k 0.00% Unchanged
58 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 150150 $3.7k $3.7k 0.00% Reduced -35 -35
59 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 3434 $830 $830 0.00% New
60 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 2828 $683 $683 0.00% New
61 TD PRIVATE CLIENT WEALTH LLC 0.00% of their portfolio NEW YORK, NY 33 $73 $73 0.00% New
62 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged