Vault-13

SEVEN HILLS REALTY TRUST SEVN

COM · REIT · CUSIP 81784E101

77 institutional holders +5 vs Q3 2025
7,528,3907.5m shares reported held*
33.3% of all shares outstanding*
$67.2mreported value*
15 new 40 added 9 reduced 12 sold out net bought ≈ $25.4m (+2.9m 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 ($7.3k this quarter). Holder counts are more reliable. Shares outstanding: 22.6m as of 2026-02-13, 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 ≈ $8.92. Options: 3 managers hold calls ($137.1k notional), 3 hold puts ($1.0m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 35Q4 22: 35Q1 23: 37Q2 23: 36Q3 23: 44Q4 23: 49Q1 24: 48Q2 24: 53Q3 24: 54Q4 24: 59Q1 25: 62Q2 25: 67Q3 25: 72Q4 25: 7777Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202235
Q4 202235
Q1 202337
Q2 202336
Q3 202344
Q4 202349
Q1 202448
Q2 202453
Q3 202454
Q4 202459
Q1 202562
Q2 202567
Q3 202572
Q4 202577

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 26 bought or addedQ1 24: 18 cut or sold outQ2 24: 32 bought or addedQ2 24: 23 cut or sold outQ2 24Q3 24: 32 bought or addedQ3 24: 21 cut or sold outQ4 24: 29 bought or addedQ4 24: 18 cut or sold outQ4 24Q1 25: 21 bought or addedQ1 25: 26 cut or sold outQ2 25: 33 bought or addedQ2 25: 22 cut or sold outQ2 25Q3 25: 39 bought or addedQ3 25: 17 cut or sold outQ4 25: 55 bought or addedQ4 25: 21 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242618
Q2 20243223
Q3 20243221
Q4 20242918
Q1 20252126
Q2 20253322
Q3 20253917
Q4 20255521

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5mQ1 25 calls: $173.6kQ1 25 puts: $75.5kQ1 25P/C 0.43Q2 25 calls: $156.7kQ2 25 puts: $13.0kQ2 25P/C 0.08Q3 25 calls: $185.5kQ3 25 puts: $284.0kQ3 25P/C 1.53Q4 25 calls: $137.1kQ4 25 puts: $1.0mQ4 25P/C 7.56
Numbers
QuarterCallsPutsP/C
Q1 2025$173.6k$75.5k0.43
Q2 2025$156.7k$13.0k0.08
Q3 2025$185.5k$284.0k1.53
Q4 2025$137.1k$1.0m7.56

Biggest buyers

Flat Footed LLC New +664,432+664.4k
BlackRock, Inc. Added +605,494+605.5k
VANGUARD GROUP INC Added +454,752+454.8k
GEODE CAPITAL MANAGEMENT, LLC Added +199,318+199.3k
RIVERBRIDGE PARTNERS LLC Added +138,756+138.8k
STATE STREET CORP Added +134,649+134.6k
MORGAN STANLEY Added +96,422+96.4k
Independent Advisor Alliance Added +87,874+87.9k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +69,861+69.9k
HSBC HOLDINGS PLC New +66,148+66.1k

Biggest sellers

JANE STREET GROUP, LLC Sold out -55,420-55.4k
ADAPT WEALTH ADVISORS, LLC Reduced -45,700-45.7k
UBS Group AG Reduced -21,274-21.3k
JPMORGAN CHASE & CO Reduced -16,380-16.4k
SANDERS MORRIS HARRIS LLC Sold out -14,000-14.0k
CALTON & ASSOCIATES, INC. Sold out -13,538-13.5k
BAILARD, INC. Sold out -10,500-10.5k
RENAISSANCE TECHNOLOGIES LLC Reduced -4,910-4.9k
Global Retirement Partners, LLC Sold out -3,307-3.3k
ACADIAN ASSET MANAGEMENT LLC Sold out -2,355-2.4k

Biggest calls

CITADEL ADVISORS LLC Reduced $129.1k14.5k shares
GROUP ONE TRADING LLC New $5.3k600 shares
SIMPLEX TRADING, LLC Added $2.7k300 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $612.3k68.8k shares
CITADEL ADVISORS LLC Added $393.4k44.2k shares
SIMPLEX TRADING, LLC Added $31.1k3.5k shares

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.

HolderStakeChangeShares Last filed
Tremont Realty Capital LLC 13D · may seek influence +8.9 pts · filed 2025-12-08
Stated purpose"Item 4. Purpose of Transaction" of the Schedule 13D is hereby amended by adding the following: Prior to the expiration of the Rights Offering on December 4, 2025, holders of rights subscribed for 5,167,113 Common Shares at $8.65 per Common Share (the "Subscription Price"). Through the exercise of their respective basic subscription rights, TRC purchased 854,029 Common Shares, Adam D. Portnoy purchased 109,669 Common Shares and ABP Trust purchased 58,266 Common Shares on December 4, 2025 in the Rights Offering. Pursuant to the Backstop Commitment, TRC is obligated to purchase the 2,015,748 Common Shares that remained unsubscribed following the Expiration Date. Such transaction is expected to close promptly. Full filing
22.5% +8.9 pts 5.1m≈ $42.9m 2025-12-08
BlackRock, Inc. 13G · institution +1.1 pts · filed 2026-07-30 9.1% +1.1 pts 2.1m≈ $17.3m 2026-07-30

Fell to 5% or below in the last year: VANGUARD CAPITAL MANAGEMENT LLC (4.5%, 2026-07-31), MORGAN STANLEY (3.8%, 2026-05-12), VANGUARD GROUP INC (0.0%, 2026-03-27)

Insider purchases and sales in Q4 2025

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)

BuyingSelling
101Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 1 buyingQ2 25: 0 sellingQ2 25Q3 25: 0 buyingQ3 25: 0 sellingQ4 25: 1 buyingQ4 25: 0 sellingQ4 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—0——
Q2 20251$45.1k0——
Q3 20250—0——
Q4 20251$17.4m0——
DateInsiderTradeSharesPrice ValueTheir holding
2025-12-11 PORTNOY ADAM D. Director · See Footnote Bought 2,015,748 $8.65 $17.4m2.0m shares +79%
2025-12-11 ABP Trust +3 10% owner · By Tremont Realty Capital LLC Bought 2,015,748 $8.65 $17.4m2.0m shares +79%

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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,652,2351.7m $14.7m $14.7m 0.00% Added +605.5k +605,494
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,243,3151.2m $11.1m $11.1m 0.00% Added +454.8k +454,752
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 859,110859.1k $7.6m $7.6m 0.00% Added +96.4k +96,422
4 Flat Footed LLC 1.26% of their portfolio WILSON, WY 664,432664.4k $5.9m $5.9m 1.26% New
5 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 557,604557.6k $5.0m $5.0m 0.00% Added +199.3k +199,318
6 Independent Advisor Alliance 0.08% of their portfolio CHARLOTTE, NC 390,391390.4k $3.5m $3.5m 0.08% Added +87.9k +87,874
7 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 313,699313.7k $2.8m $2.8m 0.00% Added +134.6k +134,649
8 RIVERBRIDGE PARTNERS LLC 0.04% of their portfolio MINNEAPOLIS, MN 224,411224.4k $2.0m $2.0m 0.04% Added +138.8k +138,756
9 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 161,431161.4k $1.4m $1.4m 0.00% Added +33.1k +33,109
10 Penserra Capital Management LLC 0.01% of their portfolio ORINDA, CA 130,202130.2k $1.2m $1.2m 0.01% Added +38.4k +38,446
11 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 123,017123.0k $1.3m $1.3m 0.00% Unchanged
12 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 120,745120.7k $1.1m $1.1m 0.00% Added +52.5k +52,469
13 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 112,802112.8k $1.0m $1.0m 0.00% Added +69.9k +69,861
14 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 109,724109.7k $976.5k $976.5k 0.00% Reduced -4.9k -4,910
15 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 73,71473.7k $656.1k $656.1k 0.00% Added +57.4k +57,419
16 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 66,14866.1k $588.4k $588.4k 0.00% New
17 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 64,98565.0k $578.4k $578.4k 0.00% Added +48.8k +48,767
18 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 55,90555.9k $498.0k $498.0k 0.00% Added +2.6k +2,574
19 Running Point Capital Advisors, LLC 0.13% of their portfolio EL SEGUNDO, CA 55,42555.4k $493.3k $493.3k 0.13% Added +43.7k +43,725
20 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 49,49149.5k $440.5k $440.5k 0.00% Added +14.6k +14,622
21 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 49,39949.4k $439.7k $439.7k 0.00% Added +22.6k +22,587
22 Jump Financial, LLC 0.00% of their portfolio Chicago, IL 38,33838.3k $341.2k $341.2k 0.00% New
23 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 36,28036.3k $322.9k $322.9k 0.00% Added +12.1k +12,093
24 Smith Asset Management Co., LLC 0.24% of their portfolio Chiefland, FL 32,59332.6k $290.1k $290.1k 0.24% Reduced -442 -442
25 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 29,88129.9k $265.9k $265.9k 0.00% New
26 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 25,41925.4k $226.2k $226.2k 0.00% Added +14.0k +13,951
27 ADAPT WEALTH ADVISORS, LLC 0.08% of their portfolio ATLANTA, GA 25,28525.3k $225.0k $225.0k 0.08% Reduced -45.7k -45,700
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 24,83424.8k $221.0k $221.0k 0.00% Reduced -16.4k -16,380
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 24,11124.1k $214.6k $214.6k 0.00% Added +11.3k +11,260
30 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 22,94822.9k $204.2k $204.2k 0.00% Added +7.4k +7,399
31 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 19,22219.2k $171.1k $171.1k 0.00% New
32 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 15,77915.8k $140.4k $140.4k 0.00% Added +1.7k +1,664
33 PRELUDE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 14,00014.0k $124.6k $124.6k 0.01% New
34 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 13,77213.8k $123.0k $123.0k 0.00% New
35 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 13,68613.7k $121.8k $121.8k 0.00% Added +1.4k +1,418
36 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 13,19013.2k $117.4k $117.4k 0.00% Added +5.2k +5,190
37 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 11,34411.3k $101.0k $101.0k 0.00% New
38 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 10,95411.0k $97.5k $97.5k 0.00% First filing
39 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 10,44010.4k $92.9k $92.9k 0.00% Added +3.6k +3,609
40 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 10,15310.2k $90.4k $90.4k 0.00% New
41 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 6,9717.0k $62.0k $62.0k 0.00% Added +4.1k +4,084
42 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 6,0646.1k $54.0k $54.0k 0.00% Added +917 +917
43 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 4,6814.7k $41.7k $41.7k 0.00% Added +1.7k +1,688
44 UBS Group AG 0.00% of their portfolio ZURICH, V8 3,9363.9k $35.0k $35.0k 0.00% Reduced -21.3k -21,274
45 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 3,9003.9k $34.7k $34.7k 0.00% Added +1.5k +1,500
46 FMR LLC 0.00% of their portfolio BOSTON, MA 3,4223.4k $30.5k $30.5k 0.00% Added +2.2k +2,167
47 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,9192.9k $27.0k $27.0k 0.00% Reduced -621 -621
48 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2,6822.7k $23.9k $23.9k 0.00% Added +897 +897
49 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 2,5002.5k $22.2k $22.2k 0.00% New
50 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 2,5002.5k $22.2k $22.2k 0.00% Added +142 +142
51 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,0532.1k $18.3k $18.3k 0.00% Added +1.8k +1,817
52 Legal & General Group Plc 0.00% of their portfolio London, X0 2,0092.0k $17.9k $17.9k 0.00% Added +700 +700
53 TFC Financial Management, Inc. 0.00% of their portfolio BOSTON, MA 1,4411.4k $12.8k $12.8k 0.00% Unchanged
54 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1,3991.4k $12.5k $12.5k 0.00% Added +315 +315
55 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 1,3561.4k $12.1k $12.1k 0.00% Added +428 +428
56 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 1,2731.3k $11.3k $11.3k 0.00% Added +268 +268
57 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 1,2531.3k $11.2k $11.2k 0.00% Unchanged
58 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 1,2411.2k $11.0k $11.0k 0.00% Added +354 +354
59 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 1,0001.0k $8.9k $8.9k 0.00% Unchanged
60 Golden State Wealth Management, LLC 0.00% of their portfolio SANTA ANA, CA 982982 $8.7k $8.7k 0.00% Unchanged
61 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 819819 $7.3k $7.3k 0.00% New
62 Private Wealth Management Group, LLC 0.00% of their portfolio PRINCETON, NJ 738738 $6.6k $6.6k 0.00% Added +433 +433
63 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 694694 $6.0k $6.0k 0.00% Added +252 +252
64 COMERICA BANK 0.00% of their portfolio DALLAS, TX 483483 $4.3k $4.3k 0.00% Unchanged
65 Triumph Capital Management 0.00% of their portfolio DENVER, CO 481481 $4.3k $4.3k 0.00% New
66 TRUST CO OF TOLEDO NA /OH/ 0.00% of their portfolio HOLLAND, OH 408408 $3.6k $3.6k 0.00% Unchanged
67 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 383383 $3.4k $3.4k 0.00% Unchanged
68 CWM, LLC 0.00% of their portfolio OMAHA, NE 254254 $2.0k $2.0k 0.00% Reduced -124 -124
69 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 248248 $2.2k $2.2k 0.00% New
70 Optiver Holding B.V. 0.00% of their portfolio AMSTERDAM, P7 242242 $2.2k $2.2k 0.00% Unchanged
71 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 175175 $1.6k $1.6k 0.00% Unchanged
72 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 9393 $828 $828 0.00% New
73 Ares Financial Consulting, LLC 0.00% of their portfolio CALABASAS, CA 8787 $774 $774 0.00% First filing
74 Covestor Ltd 0.00% of their portfolio LONDON, X0 8585 $1.0k $1.0k 0.00% Reduced -3 -3
75 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 1717 $151 $151 0.00% New
76 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 44 $36 $36 0.00% Reduced -7 -7
77 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 22 $18 $18 0.00% Unchanged