Vault-13

RLJ LODGING TR RLJ 1.95 PERP A

CUM CONV PFD A · PUBLIC · CUSIP 74965L200

55 institutional holders -3 vs Q4 2025
5,478,9485.5m shares reported held*
$132.2mreported value*
6 new 15 added 21 reduced 7 sold out net bought ≈ $650.4k (+26.4k 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 ≈ $24.13.

Trends to Q1 2026

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: 59Q3 25: 64Q4 25: 58Q1 26: 5555Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 202564
Q4 202558
Q1 202655

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 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 25Q2 25: 22 bought or addedQ2 25: 21 cut or sold outQ3 25: 25 bought or addedQ3 25: 19 cut or sold outQ3 25Q4 25: 21 bought or addedQ4 25: 30 cut or sold outQ1 26: 21 bought or addedQ1 26: 28 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20241526
Q3 20242513
Q4 20242627
Q1 20252328
Q2 20252221
Q3 20252519
Q4 20252130
Q1 20262128

Biggest buyers

INFRASTRUCTURE CAPITAL ADVISORS, LLC Added +144,010+144.0k
HARBOUR INVESTMENTS, INC. New +40,911+40.9k
Adams Asset Advisors, LLC Added +22,470+22.5k
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Added +12,726+12.7k
Marex Group Ltd New +12,494+12.5k
JANE STREET GROUP, LLC New +11,304+11.3k
Sigma Planning Corp New +11,220+11.2k
ZAZOVE ASSOCIATES LLC Added +9,266+9.3k
UBS Group AG Added +4,906+4.9k
A. D. Beadell Investment Counsel, Inc. Added +2,150+2.1k

Biggest sellers

BlackRock, Inc. Reduced -93,944-93.9k
VAN ECK ASSOCIATES CORP Reduced -41,236-41.2k
Meadowbrook Wealth Management, LLC Sold out -22,660-22.7k
Mariner, LLC Reduced -21,605-21.6k
TRUIST FINANCIAL CORP Sold out -15,239-15.2k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Sold out -13,846-13.8k
Brookfield Corp /ON/ Reduced -10,027-10.0k
Koshinski Asset Management, Inc. Reduced -5,350-5.3k
COHEN & STEERS, INC. Reduced -4,499-4.5k
MORGAN STANLEY Reduced -4,469-4.5k

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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 INFRASTRUCTURE CAPITAL ADVISORS, LLC 4.34% of their portfolio New York, NY 1,916,7681.9m $46.2m $46.2m 4.34% Added +144.0k +144,010
2 BlackRock, Inc. 0.00% of their portfolio New York, NY 890,393890.4k $21.5m $21.5m 0.00% Reduced -93.9k -93,944
3 WESTWOOD HOLDINGS GROUP INC 0.07% of their portfolio DALLAS, TX 375,000375.0k $9.2m $9.2m 0.07% Unchanged
4 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 347,106347.1k $8.4m $8.4m 0.01% Reduced -41.2k -41,236
5 LDR Capital Management LLC 9.32% of their portfolio New York, NY 287,768287.8k $6.9m $6.9m 9.32% Reduced -3.1k -3,141
6 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio CAUSEWAY BAY, K3 263,854263.9k $6.4m $6.4m 0.01% Added +12.7k +12,726
7 COHEN & STEERS, INC. 0.01% of their portfolio NEW YORK, NY 248,289248.3k $6.0m $6.0m 0.01% Reduced -4.5k -4,499
8 Adams Asset Advisors, LLC 0.36% of their portfolio DALLAS, TX 134,902134.9k $3.3m $3.3m 0.36% Added +22.5k +22,470
9 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 120,408120.4k $2.9m $2.9m 0.00% Reduced -481 -481
10 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 113,447113.4k $2.7m $2.7m 0.00% Reduced -717 -717
11 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 69,96870.0k $1.7m $1.7m 0.01% Added +839 +839
12 Edgemoor Investment Advisors, Inc. 0.13% of their portfolio BETHESDA, MD 66,20366.2k $1.6m $1.6m 0.13% Reduced -300 -300
13 FMR LLC 0.00% of their portfolio BOSTON, MA 64,03564.0k $1.6m $1.6m 0.00% Unchanged
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 51,33151.3k $1.2m $1.2m 0.00% Added +42 +42
15 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 40,91140.9k $986.0k $986.0k 0.02% New
16 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 32,47132.5k $782.6k $782.6k 0.00% Unchanged
17 Brookfield Corp /ON/ 0.00% of their portfolio TORONTO, A6 32,31732.3k $778.8k $778.8k 0.00% Reduced -10.0k -10,027
18 Uniplan Investment Counsel, Inc. 0.08% of their portfolio MILWAUKEE, WI 32,02532.0k $771.8k $771.8k 0.08% Reduced -764 -764
19 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 31,37031.4k $756.0k $756.0k 0.00% Reduced -97 -97
20 Sound Income Strategies, LLC 0.03% of their portfolio FT LAUDERDALE, FL 28,63528.6k $696.7k $696.7k 0.03% Reduced -670 -670
21 Koshinski Asset Management, Inc. 0.04% of their portfolio DECATUR, IL 27,21427.2k $655.9k $655.9k 0.04% Reduced -5.3k -5,350
22 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 22,72522.7k $547.7k $547.7k 0.00% Reduced -738 -738
23 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 21,96822.0k $529.0k $529.0k 0.00% Added +750 +750
24 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 21,39821.4k $516.0k $516.0k 0.00% Reduced -298 -298
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 21,30821.3k $513.5k $513.5k 0.00% Reduced -4.5k -4,469
26 Mariner, LLC 0.00% of their portfolio Overland Park, KS 21,19021.2k $510.7k $510.7k 0.00% Reduced -21.6k -21,605
27 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 20,50720.5k $494.2k $494.2k 0.00% Reduced -4.0k -4,000
28 ZAZOVE ASSOCIATES LLC 0.02% of their portfolio INCLINE VILLAGE, NV 18,53218.5k $457.6k $457.6k 0.02% Added +9.3k +9,266
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 17,76417.8k $428.1k $428.1k 0.00% Added +8 +8
30 ASPIRIANT, LLC 0.01% of their portfolio San Francisco, CA 13,98014.0k $336.9k $336.9k 0.01% Unchanged
31 Zhang Financial LLC 0.01% of their portfolio PORTAGE, MI 13,43713.4k $323.8k $323.8k 0.01% Added +252 +252
32 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,98413.0k $317.6k $317.6k 0.00% Added +558 +558
33 A. D. Beadell Investment Counsel, Inc. 0.19% of their portfolio MEQUON, WI 12,60012.6k $303.0k $303.0k 0.19% Added +2.1k +2,150
34 Marex Group Ltd 0.00% of their portfolio London, X0 12,49412.5k $301.1k $301.1k 0.00% New
35 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 11,30411.3k $272.4k $272.4k 0.00% New
36 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 11,22011.2k $270.4k $270.4k 0.01% New
37 Diligent Investors, LLC 0.06% of their portfolio REDLANDS, CA 10,84510.8k $261.4k $261.4k 0.06% Reduced -189 -189
38 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 8,4508.4k $207.4k $207.4k 0.00% Added +50 +50
39 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 6,5896.6k $158.8k $158.8k 0.01% Reduced -198 -198
40 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,8925.9k $142.0k $142.0k 0.00% Added +4.9k +4,906
41 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,8162.8k $67.9k $67.9k 0.00% Reduced -102 -102
42 CALDWELL SUTTER CAPITAL, INC. 0.03% of their portfolio SAUSALITO, CA 2,6002.6k $62.7k $62.7k 0.03% Unchanged
43 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 2,0002.0k $48.2k $48.2k 0.00% Unchanged
44 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 2,0002.0k $48.2k $48.2k 0.00% New
45 H/2 CREDIT MANAGER LP 0.01% of their portfolio STAMFORD, CT 2,0002.0k $48.0k $48.0k 0.01% Unchanged
46 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 1,8321.8k $44.2k $44.2k 0.00% Added +877 +877
47 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,8121.8k $43.7k $43.7k 0.00% Reduced -412 -412
48 Jackson, Grant Investment Advisers, Inc. 0.01% of their portfolio STAMFORD, CT 1,3581.4k $32.7k $32.7k 0.01% Unchanged
49 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 1,3501.4k $32.8k $32.8k 0.00% Unchanged
50 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,0351.0k $25.0k $25.0k 0.00% Added +635 +635
51 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 750750 $18.1k $18.1k 0.00% Unchanged
52 EVOLUTION WEALTH MANAGEMENT INC. 0.01% of their portfolio FORT MYERS, FL 500500 $12.1k $12.1k 0.01% Unchanged
53 Physician Wealth Advisors, Inc. 0.00% of their portfolio MIDVALE, UT 300300 $7.2k $7.2k 0.00% Unchanged
54 Ascentis Independent Advisors 0.00% of their portfolio DALLAS, TX 2525 $602 $602 0.00% New
55 TD PRIVATE CLIENT WEALTH LLC 0.00% of their portfolio NEW YORK, NY 33 $72 $72 0.00% Unchanged