SEVEN HILLS REALTY TRUST SEVN
COM · REIT · CUSIP 81784E101
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersNewton, MA
- 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 ($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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 35 |
| Q4 2022 | 35 |
| Q1 2023 | 37 |
| Q2 2023 | 36 |
| Q3 2023 | 44 |
| Q4 2023 | 49 |
| Q1 2024 | 48 |
| Q2 2024 | 53 |
| Q3 2024 | 54 |
| Q4 2024 | 59 |
| Q1 2025 | 62 |
| Q2 2025 | 67 |
| Q3 2025 | 72 |
| Q4 2025 | 77 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 26 | 18 |
| Q2 2024 | 32 | 23 |
| Q3 2024 | 32 | 21 |
| Q4 2024 | 29 | 18 |
| Q1 2025 | 21 | 26 |
| Q2 2025 | 33 | 22 |
| Q3 2025 | 39 | 17 |
| Q4 2025 | 55 | 21 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $173.6k | $75.5k | 0.43 |
| Q2 2025 | $156.7k | $13.0k | 0.08 |
| Q3 2025 | $185.5k | $284.0k | 1.53 |
| Q4 2025 | $137.1k | $1.0m | 7.56 |
Biggest buyers
| Flat Footed LLC | New | +664.4k |
| BlackRock, Inc. | Added | +605.5k |
| VANGUARD GROUP INC | Added | +454.8k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +199.3k |
| RIVERBRIDGE PARTNERS LLC | Added | +138.8k |
| STATE STREET CORP | Added | +134.6k |
| MORGAN STANLEY | Added | +96.4k |
| Independent Advisor Alliance | Added | +87.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +69.9k |
| HSBC HOLDINGS PLC | New | +66.1k |
Biggest sellers
| JANE STREET GROUP, LLC | Sold out | -55.4k |
| ADAPT WEALTH ADVISORS, LLC | Reduced | -45.7k |
| UBS Group AG | Reduced | -21.3k |
| JPMORGAN CHASE & CO | Reduced | -16.4k |
| SANDERS MORRIS HARRIS LLC | Sold out | -14.0k |
| CALTON & ASSOCIATES, INC. | Sold out | -13.5k |
| BAILARD, INC. | Sold out | -10.5k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -4.9k |
| Global Retirement Partners, LLC | Sold out | -3.3k |
| ACADIAN ASSET MANAGEMENT LLC | Sold out | -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.
| Holder | Stake |
|---|---|
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% |
| BlackRock, Inc. 13G · institution +1.1 pts · filed 2026-07-30 | 9.1% |
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 1 | $45.1k | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 1 | $17.4m | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-11 | PORTNOY ADAM D. Director · See Footnote | Bought | $17.4m2.0m shares |
| 2025-12-11 | ABP Trust +3 10% owner · By Tremont Realty Capital LLC | Bought | $17.4m2.0m 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 1.7m $14.7m | Added +605.5k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.2m $11.1m | Added +454.8k |
| MORGAN STANLEY 0.00% of their portfolio | 859.1k $7.6m | Added +96.4k |
| Flat Footed LLC 1.26% of their portfolio | 664.4k $5.9m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 557.6k $5.0m | Added +199.3k |
| Independent Advisor Alliance 0.08% of their portfolio | 390.4k $3.5m | Added +87.9k |
| STATE STREET CORP 0.00% of their portfolio | 313.7k $2.8m | Added +134.6k |
| RIVERBRIDGE PARTNERS LLC 0.04% of their portfolio | 224.4k $2.0m | Added +138.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 161.4k $1.4m | Added +33.1k |
| Penserra Capital Management LLC 0.01% of their portfolio | 130.2k $1.2m | Added +38.4k |
| Lido Advisors, LLC 0.00% of their portfolio | 123.0k $1.3m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 120.7k $1.1m | Added +52.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 112.8k $1.0m | Added +69.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 109.7k $976.5k | Reduced -4.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 73.7k $656.1k | Added +57.4k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 66.1k $588.4k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 65.0k $578.4k | Added +48.8k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 55.9k $498.0k | Added +2.6k |
| Running Point Capital Advisors, LLC 0.13% of their portfolio | 55.4k $493.3k | Added +43.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 49.5k $440.5k | Added +14.6k |
| BARCLAYS PLC 0.00% of their portfolio | 49.4k $439.7k | Added +22.6k |
| Jump Financial, LLC 0.00% of their portfolio | 38.3k $341.2k | New |
| Nuveen, LLC 0.00% of their portfolio | 36.3k $322.9k | Added +12.1k |
| Smith Asset Management Co., LLC 0.24% of their portfolio | 32.6k $290.1k | Reduced -442 |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 29.9k $265.9k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 25.4k $226.2k | Added +14.0k |
| ADAPT WEALTH ADVISORS, LLC 0.08% of their portfolio | 25.3k $225.0k | Reduced -45.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 24.8k $221.0k | Reduced -16.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 24.1k $214.6k | Added +11.3k |
| Invesco Ltd. 0.00% of their portfolio | 22.9k $204.2k | Added +7.4k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 19.2k $171.1k | New |
| AE Wealth Management LLC 0.00% of their portfolio | 15.8k $140.4k | Added +1.7k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 14.0k $124.6k | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 13.8k $123.0k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 13.7k $121.8k | Added +1.4k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 13.2k $117.4k | Added +5.2k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 11.3k $101.0k | New |
| EP Wealth Advisors, LLC 0.00% of their portfolio | 11.0k $97.5k | First filing |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 10.4k $92.9k | Added +3.6k |
| LPL Financial LLC 0.00% of their portfolio | 10.2k $90.4k | New |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 7.0k $62.0k | Added +4.1k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 6.1k $54.0k | Added +917 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 4.7k $41.7k | Added +1.7k |
| UBS Group AG 0.00% of their portfolio | 3.9k $35.0k | Reduced -21.3k |
| STRS OHIO 0.00% of their portfolio | 3.9k $34.7k | Added +1.5k |
| FMR LLC 0.00% of their portfolio | 3.4k $30.5k | Added +2.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 2.9k $27.0k | Reduced -621 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 2.7k $23.9k | Added +897 |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 2.5k $22.2k | New |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 2.5k $22.2k | Added +142 |
| CITIGROUP INC 0.00% of their portfolio | 2.1k $18.3k | Added +1.8k |
| Legal & General Group Plc 0.00% of their portfolio | 2.0k $17.9k | Added +700 |
| TFC Financial Management, Inc. 0.00% of their portfolio | 1.4k $12.8k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 1.4k $12.5k | Added +315 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 1.4k $12.1k | Added +428 |
| Sterling Capital Management LLC 0.00% of their portfolio | 1.3k $11.3k | Added +268 |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 1.3k $11.2k | Unchanged |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 1.2k $11.0k | Added +354 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 1.0k $8.9k | Unchanged |
| Golden State Wealth Management, LLC 0.00% of their portfolio | 982 $8.7k | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 819 $7.3k | New |
| Private Wealth Management Group, LLC 0.00% of their portfolio | 738 $6.6k | Added +433 |
| AMALGAMATED BANK 0.00% of their portfolio | 694 $6.0k | Added +252 |
| COMERICA BANK 0.00% of their portfolio | 483 $4.3k | Unchanged |
| Triumph Capital Management 0.00% of their portfolio | 481 $4.3k | New |
| TRUST CO OF TOLEDO NA /OH/ 0.00% of their portfolio | 408 $3.6k | Unchanged |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 383 $3.4k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 254 $2.0k | Reduced -124 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 248 $2.2k | New |
| Optiver Holding B.V. 0.00% of their portfolio | 242 $2.2k | Unchanged |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 175 $1.6k | Unchanged |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 93 $828 | New |
| Ares Financial Consulting, LLC 0.00% of their portfolio | 87 $774 | First filing |
| Covestor Ltd 0.00% of their portfolio | 85 $1.0k | Reduced -3 |
| GAMMA Investing LLC 0.00% of their portfolio | 17 $151 | New |
| IFP Advisors, Inc 0.00% of their portfolio | 4 $36 | Reduced -7 |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 2 $18 | Unchanged |