SAUL CTRS INC BFS
COM · REIT · CUSIP 804395101
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersBethesda, MD
- 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 ($3.2m this quarter). Holder counts are more reliable. Shares outstanding: 24.7m as of 2026-08-03, 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 ≈ $37.38. Options: 1 managers hold calls ($18.7k notional), 0 hold puts (—).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 129 |
| Q4 2022 | 128 |
| Q1 2023 | 130 |
| Q2 2023 | 119 |
| Q3 2023 | 135 |
| Q4 2023 | 134 |
| Q1 2024 | 140 |
| Q2 2024 | 160 |
| Q3 2024 | 167 |
| Q4 2024 | 163 |
| Q1 2025 | 172 |
| Q2 2025 | 170 |
| Q3 2025 | 158 |
| Q4 2025 | 177 |
| Q1 2026 | 182 |
| Q2 2026 | 194 |
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 2024 | 77 | 58 |
| Q4 2024 | 61 | 76 |
| Q1 2025 | 69 | 78 |
| Q2 2025 | 92 | 70 |
| Q3 2025 | 75 | 82 |
| Q4 2025 | 95 | 62 |
| Q1 2026 | 95 | 71 |
| Q2 2026 | 101 | 59 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $18.2k | $6.0k | 0.33 |
| Q4 2025 | $15.8k | $3.2k | 0.20 |
| Q1 2026 | $16.3k | $0 | 0.00 |
| Q2 2026 | $18.7k | $0 | 0.00 |
Biggest buyers
| BlackRock, Inc. | Added | +142.0k |
| MORGAN STANLEY | Added | +79.5k |
| Nuveen, LLC | Added | +68.7k |
| DEAN INVESTMENT ASSOCIATES, LLC | New | +66.1k |
| T. Rowe Price Investment Management, Inc. | Added | +60.2k |
| STATE STREET CORP | Added | +51.5k |
| Dean Capital Management | New | +47.9k |
| TWO SIGMA INVESTMENTS, LP | Added | +33.5k |
| UBS Group AG | Added | +27.6k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +25.6k |
Biggest sellers
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -182.8k |
| Man Group plc | Reduced | -119.5k |
| WEALTHEDGE INVESTMENT ADVISORS, LLC | Reduced | -35.2k |
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -32.7k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -29.0k |
| CITADEL ADVISORS LLC | Sold out | -27.9k |
| MACKENZIE FINANCIAL CORP | Sold out | -27.9k |
| HRT FINANCIAL LP | Sold out | -22.4k |
| JANE STREET GROUP, LLC | Sold out | -16.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Reduced | -13.5k |
Biggest calls
| GROUP ONE TRADING LLC | Unchanged | $18.7k500 shares |
Biggest puts
| None |
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 | 5.4% |
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 since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $6.5k | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 3 | $386.7k | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 3 | $227.8k | 0 | — | — |
| Q1 2026 | 1 | $10.3k | 0 | — | — |
| Q2 2026 | 1 | $90.3k | 0 | — | — |
| Q3 2026 | 1 | $3.7k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-28 | Friedman Joel Albert Exec VP, CAO & Treasurer · Series E Preferred Stock | Bought | $3.7k200 shares |
| 2026-05-28 | Pearson David Todd President & COO, director | Bought | $90.3k2.6k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 2.3m $84.3m | Added +142.0k |
| T. Rowe Price Investment Management, Inc. 0.03% of their portfolio | 1.4m $52.6m | Added +60.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 1.3m $48.7m | Reduced -13.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 723.2k $27.0m | Reduced -11.6k |
| STATE STREET CORP 0.00% of their portfolio | 570.9k $21.3m | Added +51.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 550.6k $20.6m | Reduced -32.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 416.4k $15.6m | Reduced -182.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 361.3k $13.5m | Added +25.6k |
| MORGAN STANLEY 0.00% of their portfolio | 342.2k $12.8m | Added +79.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 235.7k $8.8m | Added +24.4k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 202.3k $7.6m | Added +50 |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 177.1k $6.6m | Reduced -9.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 160.3k $6.0m | Added +11.1k |
| Invesco Ltd. 0.00% of their portfolio | 157.8k $5.9m | Reduced -3.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 137.6k $5.1m | Added +3.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 120.6k $4.5m | Added +4.4k |
| Nuveen, LLC 0.00% of their portfolio | 98.5k $3.7m | Added +68.7k |
| CARY STREET PARTNERS FINANCIAL LLC 0.08% of their portfolio | 96.6k $3.6m | Added +4.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 94.5k $3.6m | Added +6.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 94.5k $3.5m | Added +14.8k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 90.9k $3.4m | Added +4.1k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 90.5k $3.4m | Added +33.5k |
| Man Group plc 0.01% of their portfolio | 89.4k $3.3m | Reduced -119.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 87.9k $3.3m | Added +8.3k |
| DENALI ADVISORS LLC 0.27% of their portfolio | 71.5k $2.7m | Unchanged |
| DEAN INVESTMENT ASSOCIATES, LLC 0.32% of their portfolio | 66.1k $2.5m | New |
| Quantinno Capital Management LP 0.00% of their portfolio | 60.7k $2.3m | Added +17.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 57.5k $2.1m | Added +6.8k |
| UBS Group AG 0.00% of their portfolio | 56.0k $2.1m | Added +27.6k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 54.7k $2.0m | Added +6.8k |
| BROWN ADVISORY INC 0.00% of their portfolio | 52.9k $2.0m | Unchanged |
| Dean Capital Management 0.65% of their portfolio | 47.9k $1.8m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 43.7k $1.6m | Added +8.1k |
| Public Sector Pension Investment Board 0.00% of their portfolio | 43.0k $1.6m | Reduced -1.8k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 41.3k $1.5m | Reduced -29.0k |
| PANAGORA ASSET MANAGEMENT INC 0.00% of their portfolio | 40.5k $1.5m | Added +13.8k |
| Penserra Capital Management LLC 0.01% of their portfolio | 35.6k $1.3m | Reduced -2.4k |
| Crossingbridge Advisors, LLC 0.23% of their portfolio | 35.0k $1.3m | Unchanged |
| AlphaCentric Advisors LLC 1.11% of their portfolio | 35.0k $1.3m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 33.9k $1.3m | Reduced -2.8k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 32.5k $1.2m | Reduced -9.5k |
| BEACON INVESTMENT ADVISORS LLC 0.38% of their portfolio | 32.1k $1.2m | Added +301 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 31.6k $1.2m | Reduced -4.6k |
| NORGES BANK 0.00% of their portfolio | 30.5k $1.1m | Not comparable |
| Legal & General Group Plc 0.00% of their portfolio | 29.9k $1.1m | Added +3.1k |
| Chevy Chase Trust Holdings, LLC 0.00% of their portfolio | 29.5k $1.1m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 29.2k $1.1m | Added +2.8k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 28.3k $1.1m | Reduced -4.5k |
| Swiss National Bank 0.00% of their portfolio | 27.0k $1.0m | Added +600 |
| Legato Capital Management LLC 0.08% of their portfolio | 25.0k $934.5k | New |
| EXCHANGE TRADED CONCEPTS, LLC 0.00% of their portfolio | 23.6k $880.8k | Reduced -517 |
| INCEPTIONR LLC 0.21% of their portfolio | 23.0k $861.8k | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 22.4k $837.5k | Unchanged |
| Sargent Investment Group, LLC 0.09% of their portfolio | 20.4k $760.9k | Unchanged |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 20.0k $747.7k | Reduced -3.4k |
| GSA CAPITAL PARTNERS LLP 0.05% of their portfolio | 19.8k $742.0k | Added +7.1k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 19.1k $712.8k | Added +4.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 19.1k $712.8k | Added +18.0k |
| NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio | 18.8k $704.1k | Unchanged |
| Creative Planning 0.00% of their portfolio | 18.8k $702.7k | Reduced -3.6k |
| Inspire Investing, LLC 0.03% of their portfolio | 18.1k $677.1k | Added +2.4k |
| Asset Management One Co., Ltd. 0.00% of their portfolio | 17.5k $652.8k | Added +6 |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 17.4k $652.0k | Reduced -204 |
| Choate Investment Advisors 0.01% of their portfolio | 16.6k $621.2k | New |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 16.5k $618.6k | Added +1.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 15.2k $570.1k | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 15.0k $562.6k | Reduced -385 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 14.9k $556.0k | Added +828 |
| Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio | 14.7k $549.4k | New |
| BARCLAYS PLC 0.00% of their portfolio | 14.1k $527.6k | Reduced -293 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 13.6k $442.5k | Added +1.6k |
| CITIGROUP INC 0.00% of their portfolio | 13.6k $506.7k | Added +4.8k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 13.5k $505.1k | Added +290 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 12.9k $483.4k | Added +514 |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 12.6k $473.0k | Added +4.3k |
| XTX Topco Ltd 0.01% of their portfolio | 12.6k $472.0k | New |
| Odyssean, LLC 0.07% of their portfolio | 11.9k $444.7k | Unchanged |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 11.9k $442.0k | Reduced -1.7k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 11.7k $439.1k | Added +2.9k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 11.6k $432.4k | Reduced -3.0k |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 11.5k $430.2k | Unchanged |
| Sequoia Financial Advisors, LLC 0.00% of their portfolio | 11.4k $425.3k | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 11.1k $416.8k | Unchanged |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 11.1k $413.2k | Added +4.1k |
| Susquehanna Portfolio Strategies, LLC 0.01% of their portfolio | 10.6k $397.8k | Added +3.9k |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 10.4k $341.0k | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 9.4k $353.1k | Added +835 |
| FMR LLC 0.00% of their portfolio | 8.9k $332.9k | Added +1.4k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 8.9k $332.5k | Added +2.1k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 8.8k $327.8k | Added +436 |
| XML Financial, LLC 0.02% of their portfolio | 7.8k $293.0k | Reduced -2.5k |
| Squarepoint Ops LLC 0.00% of their portfolio | 7.5k $280.8k | Reduced -391 |
| MARTINGALE ASSET MANAGEMENT L P 0.01% of their portfolio | 7.4k $276.9k | Unchanged |
| Symmetry Partners, LLC 0.01% of their portfolio | 7.4k $276.3k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 7.3k $271.3k | New |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 7.1k $267.1k | New |
| Able Wealth Management LLC 0.06% of their portfolio | 7.1k $265.7k | New |
| Cerity Partners LLC 0.00% of their portfolio | 6.9k $259.0k | Added +396 |
| WEALTHEDGE INVESTMENT ADVISORS, LLC 0.09% of their portfolio | 6.8k $253.7k | Reduced -35.2k |
| ALPS ADVISORS INC 0.00% of their portfolio | 6.7k $251.9k | Added +35 |