RLJ LODGING TR RLJ 1.95 PERP A
CUM CONV PFD A · PUBLIC · CUSIP 74965L200
64
institutional holders
+5 vs Q2 2025
5.4m
shares reported held*
$136.5mreported value*
8 new
17 added
16 reduced
3 sold out
net bought ≈ $7.1m (+280.5k 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 ≈ $25.16.
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 54 |
| Q4 2022 | 55 |
| Q1 2023 | 50 |
| Q2 2023 | 52 |
| Q3 2023 | 52 |
| Q4 2023 | 54 |
| Q1 2024 | 51 |
| Q2 2024 | 50 |
| Q3 2024 | 53 |
| Q4 2024 | 61 |
| Q1 2025 | 62 |
| Q2 2025 | 59 |
| Q3 2025 | 64 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 25 | 20 |
| Q1 2024 | 22 | 21 |
| Q2 2024 | 15 | 26 |
| Q3 2024 | 25 | 13 |
| Q4 2024 | 26 | 27 |
| Q1 2025 | 23 | 28 |
| Q2 2025 | 22 | 21 |
| Q3 2025 | 25 | 19 |
Biggest buyers
| FIRST TRUST ADVISORS LP | New | +120.1k |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC | Added | +100.7k |
| LPL Financial LLC | Added | +18.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +16.2k |
| Brookfield Corp /ON/ | Added | +14.8k |
| Kestra Advisory Services, LLC | Added | +13.6k |
| BlackRock, Inc. | Added | +12.9k |
| VAN ECK ASSOCIATES CORP | Added | +8.1k |
| Mariner, LLC | Added | +7.6k |
| COMMONWEALTH EQUITY SERVICES, LLC | Added | +3.0k |
Biggest sellers
| JANE STREET GROUP, LLC | Sold out | -17.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Reduced | -11.0k |
| LDR Capital Management LLC | Reduced | -8.4k |
| D.A. DAVIDSON & CO. | Reduced | -3.6k |
| WELLS FARGO & COMPANY/MN | Reduced | -2.9k |
| Diligent Investors, LLC | Reduced | -1.0k |
| Edgemoor Investment Advisors, Inc. | Reduced | -980 |
| BANK OF AMERICA CORP /DE/ | Reduced | -742 |
| ROYAL BANK OF CANADA | Reduced | -714 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -473 |
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 |
|---|---|
| INFRASTRUCTURE CAPITAL ADVISORS, LLC 13G · institution +0.9 pts · filed 2026-08-14 | 15.8% |
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| INFRASTRUCTURE CAPITAL ADVISORS, LLC 5.22% of their portfolio | 1.7m $42.1m | Added +100.7k |
| BlackRock, Inc. 0.00% of their portfolio | 1.0m $26.0m | Added +12.9k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 393.1k $9.9m | Added +8.1k |
| WESTWOOD HOLDINGS GROUP INC 0.07% of their portfolio | 375.0k $9.5m | Unchanged |
| LDR Capital Management LLC 11.14% of their portfolio | 300.7k $7.6m | Reduced -8.4k |
| COHEN & STEERS, INC. 0.01% of their portfolio | 272.0k $6.9m | Unchanged |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 264.1k $6.7m | Reduced -11.0k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 120.1k $3.0m | New |
| LPL Financial LLC 0.00% of their portfolio | 101.5k $2.6m | Added +18.7k |
| Adams Asset Advisors, LLC 0.32% of their portfolio | 98.0k $2.5m | Unchanged |
| Edgemoor Investment Advisors, Inc. 0.14% of their portfolio | 73.4k $1.9m | Reduced -980 |
| D.A. DAVIDSON & CO. 0.01% of their portfolio | 72.1k $1.8m | Reduced -3.6k |
| FMR LLC 0.00% of their portfolio | 64.0k $1.6m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 45.9k $1.2m | Reduced -2.9k |
| Brookfield Corp /ON/ 0.00% of their portfolio | 42.7k $1.1m | Added +14.8k |
| Mariner, LLC 0.00% of their portfolio | 39.3k $992.3k | Added +7.6k |
| Uniplan Investment Counsel, Inc. 0.08% of their portfolio | 34.2k $863.9k | Added +247 |
| Koshinski Asset Management, Inc. 0.06% of their portfolio | 33.6k $846.8k | Added +349 |
| Nuveen, LLC 0.00% of their portfolio | 32.5k $819.2k | Reduced -50 |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 31.5k $795.7k | Added +526 |
| MORGAN STANLEY 0.00% of their portfolio | 25.3k $638.1k | Added +2.8k |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 24.4k $615.8k | Added +13.6k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 23.9k $602.0k | Reduced -113 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 21.2k $534.0k | Added +3.0k |
| Meadowbrook Wealth Management, LLC 0.52% of their portfolio | 19.7k $496.0k | First filing |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 17.1k $432.2k | Reduced -742 |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 16.5k $416.0k | Added +2.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 16.2k $408.2k | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 14.5k $365.0k | Reduced -473 |
| ASPIRIANT, LLC 0.01% of their portfolio | 14.0k $352.7k | Unchanged |
| Zhang Financial LLC 0.01% of their portfolio | 12.9k $326.3k | Added +253 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 12.4k $319.7k | Reduced -1 |
| Penserra Capital Management LLC 0.00% of their portfolio | 12.1k $306.0k | Added +401 |
| Diligent Investors, LLC 0.07% of their portfolio | 11.2k $283.1k | Reduced -1.0k |
| A. D. Beadell Investment Counsel, Inc. 0.18% of their portfolio | 10.4k $263.0k | Unchanged |
| Quad-Cities Investment Group, LLC 0.10% of their portfolio | 9.6k $241.7k | Reduced -390 |
| ZAZOVE ASSOCIATES LLC 0.02% of their portfolio | 9.3k $234.1k | Unchanged |
| WHITTIER TRUST CO 0.00% of their portfolio | 8.4k $215.7k | Unchanged |
| CoreCap Advisors, LLC 0.01% of their portfolio | 6.4k $160.5k | Reduced -183 |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 4.0k $101.0k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 3.3k $80.7k | Unchanged |
| CALDWELL SUTTER CAPITAL, INC. 0.03% of their portfolio | 2.6k $65.6k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 2.2k $54.5k | Added +160 |
| Advisory Services Network, LLC 0.00% of their portfolio | 2.0k $50.5k | New |
| H/2 CREDIT MANAGER LP 0.01% of their portfolio | 2.0k $50.0k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 1.8k $46.0k | Unchanged |
| Wealthspire Advisors, LLC 0.00% of their portfolio | 1.5k $37.8k | New |
| Jackson, Grant Investment Advisers, Inc. 0.01% of their portfolio | 1.4k $34.3k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 1.1k $27.1k | Added +403 |
| COMERICA BANK 0.00% of their portfolio | 1.0k $25.4k | Reduced -1 |
| Future Financial Wealth Managment LLC 0.02% of their portfolio | 1.0k $25.2k | Unchanged |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 955 $24.1k | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 800 $20.2k | New |
| PRIVATE TRUST CO NA 0.00% of their portfolio | 750 $18.9k | Unchanged |
| Sound Income Strategies, LLC 0.00% of their portfolio | 727 $18.5k | Reduced -368 |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 600 $15.1k | Unchanged |
| EVOLUTION WEALTH MANAGEMENT INC. 0.01% of their portfolio | 500 $12.6k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 400 $10.0k | Reduced -714 |
| IFP Advisors, Inc 0.00% of their portfolio | 400 $10.1k | New |
| Physician Wealth Advisors, Inc. 0.00% of their portfolio | 300 $7.6k | Unchanged |
| Blue Trust, Inc. 0.00% of their portfolio | 149 $3.7k | New |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 28 $706 | Unchanged |
| TD PRIVATE CLIENT WEALTH LLC 0.00% of their portfolio | 3 $76 | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 0 $0 | New |