Vault-13

RLJ LODGING TR RLJ 1.95 PERP A

CUM CONV PFD A · PUBLIC · CUSIP 74965L200

59 institutional holders -3 vs Q1 2025
5,124,3155.1m shares reported held*
$121.3mreported value*
1 new 21 added 16 reduced 5 sold out net sold ≈ $5.5m (-229.8k 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 ≈ $23.67.

Trends to Q2 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: 62Q2 25: 5959Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 202559

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 22 bought or addedQ3 23: 22 cut or sold outQ4 23: 25 bought or addedQ4 23: 20 cut or sold outQ4 23Q1 24: 22 bought or addedQ1 24: 21 cut or sold outQ2 24: 15 bought or addedQ2 24: 26 cut or sold outQ2 24Q3 24: 25 bought or addedQ3 24: 13 cut or sold outQ4 24: 26 bought or addedQ4 24: 27 cut or sold outQ4 24Q1 25: 23 bought or addedQ1 25: 28 cut or sold outQ2 25: 22 bought or addedQ2 25: 21 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232222
Q4 20232520
Q1 20242221
Q2 20241526
Q3 20242513
Q4 20242627
Q1 20252328
Q2 20252221

Biggest buyers

INFRASTRUCTURE CAPITAL ADVISORS, LLC Added +89,930+89.9k
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Added +19,809+19.8k
Adams Asset Advisors, LLC Added +12,683+12.7k
LPL Financial LLC Added +9,392+9.4k
COMMONWEALTH EQUITY SERVICES, LLC Added +8,355+8.4k
JANE STREET GROUP, LLC Added +7,857+7.9k
Mariner, LLC Added +5,089+5.1k
WELLS FARGO & COMPANY/MN Added +3,316+3.3k
Daiwa Securities Group Inc. Added +1,500+1.5k
CWM, LLC Added +1,462+1.5k

Biggest sellers

FIRST TRUST ADVISORS LP Sold out -144,752-144.8k
Brookfield Corp /ON/ Reduced -63,431-63.4k
BlackRock, Inc. Reduced -58,568-58.6k
VAN ECK ASSOCIATES CORP Reduced -39,200-39.2k
Advisors Capital Management, LLC Sold out -38,378-38.4k
Marex Group Ltd Sold out -19,950-19.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -15,094-15.1k
Uniplan Investment Counsel, Inc. Reduced -3,530-3.5k
Diligent Investors, LLC Reduced -3,436-3.4k
COHEN & STEERS, INC. Reduced -2,154-2.2k

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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 INFRASTRUCTURE CAPITAL ADVISORS, LLC 4.52% of their portfolio New York, NY 1,585,1941.6m $37.5m $37.5m 4.52% Added +89.9k +89,930
2 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,017,4831.0m $24.1m $24.1m 0.00% Reduced -58.6k -58,568
3 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 385,027385.0k $9.1m $9.1m 0.01% Reduced -39.2k -39,200
4 WESTWOOD HOLDINGS GROUP INC 0.06% of their portfolio DALLAS, TX 375,000375.0k $8.9m $8.9m 0.06% Unchanged
5 LDR Capital Management LLC 9.46% of their portfolio New York, NY 309,137309.1k $7.3m $7.3m 9.46% Reduced -1.1k -1,101
6 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio CAUSEWAY BAY, K3 275,013275.0k $6.5m $6.5m 0.01% Added +19.8k +19,809
7 COHEN & STEERS, INC. 0.01% of their portfolio NEW YORK, NY 271,969272.0k $6.4m $6.4m 0.01% Reduced -2.2k -2,154
8 Adams Asset Advisors, LLC 0.33% of their portfolio DALLAS, TX 97,95898.0k $2.3m $2.3m 0.33% Added +12.7k +12,683
9 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 82,77182.8k $2.0m $2.0m 0.00% Added +9.4k +9,392
10 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 75,73675.7k $1.8m $1.8m 0.01% Reduced -1.3k -1,290
11 Edgemoor Investment Advisors, Inc. 0.15% of their portfolio BETHESDA, MD 74,33374.3k $1.8m $1.8m 0.15% Unchanged
12 FMR LLC 0.00% of their portfolio BOSTON, MA 64,03564.0k $1.5m $1.5m 0.00% Unchanged
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 48,80248.8k $1.2m $1.2m 0.00% Added +3.3k +3,316
14 Uniplan Investment Counsel, Inc. 0.08% of their portfolio MILWAUKEE, WI 33,99434.0k $804.3k $804.3k 0.08% Reduced -3.5k -3,530
15 Koshinski Asset Management, Inc. 0.06% of their portfolio DECATUR, IL 33,21533.2k $785.9k $785.9k 0.06% Added +1.2k +1,209
16 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 32,52132.5k $769.4k $769.4k 0.00% Unchanged
17 Mariner, LLC 0.00% of their portfolio Overland Park, KS 31,73331.7k $750.8k $750.8k 0.00% Added +5.1k +5,089
18 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 31,01131.0k $733.7k $733.7k 0.00% Added +662 +662
19 Brookfield Corp /ON/ 0.00% of their portfolio TORONTO, A6 27,85627.9k $659.1k $659.1k 0.00% Reduced -63.4k -63,431
20 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 23,97524.0k $567.0k $567.0k 0.00% Reduced -1.5k -1,487
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 22,51922.5k $532.8k $532.8k 0.00% Added +1.2k +1,201
22 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 18,21018.2k $431.0k $431.0k 0.00% Added +8.4k +8,355
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 17,87117.9k $422.8k $422.8k 0.00% Reduced -1.7k -1,749
24 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 16,98717.0k $401.9k $401.9k 0.00% Added +7.9k +7,857
25 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 14,93814.9k $353.4k $353.4k 0.00% Reduced -573 -573
26 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 14,18714.2k $336.0k $336.0k 0.00% Added +1.4k +1,372
27 ASPIRIANT, LLC 0.01% of their portfolio San Francisco, CA 13,98014.0k $330.8k $330.8k 0.01% Unchanged
28 Zhang Financial LLC 0.01% of their portfolio PORTAGE, MI 12,68012.7k $300.0k $300.0k 0.01% Added +247 +247
29 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,42712.4k $300.9k $300.9k 0.00% Added +25 +25
30 Diligent Investors, LLC 0.07% of their portfolio REDLANDS, CA 12,26112.3k $290.1k $290.1k 0.07% Reduced -3.4k -3,436
31 Penserra Capital Management LLC 0.00% of their portfolio ORINDA, CA 11,72811.7k $277.0k $277.0k 0.00% Reduced -615 -615
32 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 10,85710.9k $256.9k $256.9k 0.00% Added +894 +894
33 A. D. Beadell Investment Counsel, Inc. 0.19% of their portfolio MEQUON, WI 10,45010.4k $247.0k $247.0k 0.19% Unchanged
34 Quad-Cities Investment Group, LLC 0.11% of their portfolio DAVENPORT, IA 9,97210.0k $235.9k $235.9k 0.11% Reduced -137 -137
35 ZAZOVE ASSOCIATES LLC 0.02% of their portfolio INCLINE VILLAGE, NV 9,2669.3k $220.3k $220.3k 0.02% Unchanged
36 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 8,4008.4k $198.7k $198.7k 0.00% Unchanged
37 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 6,5446.5k $154.8k $154.8k 0.01% Added +335 +335
38 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 4,0004.0k $95.0k $95.0k 0.00% Added +1.5k +1,500
39 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,3163.3k $78.5k $78.5k 0.00% Reduced -500 -500
40 CALDWELL SUTTER CAPITAL, INC. 0.03% of their portfolio SAUSALITO, CA 2,6002.6k $61.5k $61.5k 0.03% Unchanged
41 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 2,0002.0k $47.3k $47.3k 0.00% Unchanged
42 H/2 CREDIT MANAGER LP 0.01% of their portfolio STAMFORD, CT 2,0002.0k $47.0k $47.0k 0.01% Unchanged
43 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,8121.8k $43.0k $43.0k 0.00% Added +1.5k +1,462
44 Jackson, Grant Investment Advisers, Inc. 0.01% of their portfolio STAMFORD, CT 1,3581.4k $32.1k $32.1k 0.01% Unchanged
45 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,1141.1k $26.0k $26.0k 0.00% Reduced -813 -813
46 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 1,0951.1k $25.9k $25.9k 0.00% Added +674 +674
47 COMERICA BANK 0.00% of their portfolio DALLAS, TX 1,0071.0k $23.8k $23.8k 0.00% Reduced -1 -1
48 Future Financial Wealth Managment LLC 0.02% of their portfolio CINCINNATI, OH 1,0001.0k $23.7k $23.7k 0.02% Unchanged
49 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 955955 $22.6k $22.6k 0.00% Unchanged
50 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 750750 $17.7k $17.7k 0.00% Unchanged
51 UBS Group AG 0.00% of their portfolio ZURICH, V8 673673 $15.9k $15.9k 0.00% Added +39 +39
52 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 600600 $14.2k $14.2k 0.00% Unchanged
53 EVOLUTION WEALTH MANAGEMENT INC. 0.01% of their portfolio FORT MYERS, FL 500500 $11.8k $11.8k 0.01% First filing
54 Physician Wealth Advisors, Inc. 0.00% of their portfolio MIDVALE, UT 300300 $7.1k $7.1k 0.00% Unchanged
55 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 200200 $4.7k $4.7k 0.00% Added +50 +50
56 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 7878 $1.8k $1.8k 0.00% New
57 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 2828 $662 $662 0.00% Unchanged
58 TD PRIVATE CLIENT WEALTH LLC 0.00% of their portfolio NEW YORK, NY 33 $71 $71 0.00% Unchanged
59 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged