SIMON PPTY GROUP INC NEW SPG
COM · REIT · CUSIP 828806109 · ISIN US8288061091
American commercial real estate company and real estate investment trust
* 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 ($178.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $160.76. Options: 33 managers hold calls ($345.6m notional), 33 hold puts ($329.3m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 921 |
| Q4 2022 | 994 |
| Q1 2023 | 987 |
| Q2 2023 | 988 |
| Q3 2023 | 985 |
| Q4 2023 | 1,058 |
| Q1 2024 | 1,084 |
| Q2 2024 | 1,104 |
| Q3 2024 | 1,135 |
| Q4 2024 | 1,195 |
| Q1 2025 | 1,203 |
| Q2 2025 | 1,213 |
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 2023 | 413 | 443 |
| Q4 2023 | 459 | 476 |
| Q1 2024 | 501 | 457 |
| Q2 2024 | 516 | 457 |
| Q3 2024 | 538 | 465 |
| Q4 2024 | 521 | 503 |
| Q1 2025 | 572 | 492 |
| Q2 2025 | 608 | 496 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $416.2m | $305.0m | 0.73 |
| Q4 2024 | $295.8m | $340.1m | 1.15 |
| Q1 2025 | $357.3m | $307.1m | 0.86 |
| Q2 2025 | $345.6m | $329.3m | 0.95 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +2.3m |
| JPMORGAN CHASE & CO | Added | +1.7m |
| BANK OF AMERICA CORP /DE/ | Added | +1.1m |
| Artemis Investment Management LLP | Added | +604.8k |
| MILLENNIUM MANAGEMENT LLC | Added | +490.2k |
| CITADEL ADVISORS LLC | Added | +324.5k |
| Caisse de depot et placement du Quebec | Added | +301.2k |
| Qube Research & Technologies Ltd | Added | +300.3k |
| Susquehanna Portfolio Strategies, LLC | New | +295.9k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +267.2k |
Biggest sellers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -3.2m |
| NORGES BANK | Reduced | -2.3m |
| COHEN & STEERS, INC. | Reduced | -1.0m |
| BlackRock, Inc. | Reduced | -968.9k |
| DEUTSCHE BANK AG\ | Reduced | -814.7k |
| PARNASSUS INVESTMENTS, LLC | Sold out | -670.5k |
| FMR LLC | Reduced | -611.7k |
| HSBC HOLDINGS PLC | Reduced | -534.7k |
| Resolution Capital Ltd | Reduced | -505.0k |
| Brookfield Corp /ON/ | Reduced | -436.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $88.7m551.6k shares |
| Twin Tree Management, LP | Reduced | $35.6m221.4k shares |
| CITADEL ADVISORS LLC | Reduced | $31.4m195.3k shares |
| JANE STREET GROUP, LLC | Added | $19.3m119.8k shares |
| IMC-Chicago, LLC | Reduced | $17.1m106.4k shares |
| Walleye Trading LLC | Reduced | $14.5m90.0k shares |
| WOLVERINE TRADING, LLC | Added | $13.1m81.7k shares |
| GARDA CAPITAL PARTNERS LP | Added | $12.0m74.6k shares |
| CIBC WORLD MARKET INC. | Unchanged | $9.6m60.0k shares |
| Lombard Odier Asset Management (USA) Corp | Unchanged | $9.6m60.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $119.1m740.6k shares |
| PEAK6 LLC | Reduced | $21.5m133.8k shares |
| CITADEL ADVISORS LLC | Reduced | $16.5m102.5k shares |
| IMC-Chicago, LLC | Added | $14.4m89.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $13.8m86.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $12.9m801 shares |
| WOLVERINE TRADING, LLC | Reduced | $12.3m76.4k shares |
| GARDA CAPITAL PARTNERS LP | Added | $12.2m75.6k shares |
| Twin Tree Management, LP | Reduced | $12.0m74.5k shares |
| Walleye Trading LLC | Added | $9.2m57.4k 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 |
|---|---|
| BlackRock, Inc. 13G · institution -1.5 pts · filed 2025-04-30 | 10.4% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution +1.5 pts · filed 2026-07-31 | 8.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.4% |
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 in Q2 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 |
|---|---|---|---|---|---|
| Q3 2023 | 11 | $359.1k | 0 | — | — |
| Q4 2023 | 10 | $325.2k | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 11 | $719.9k | 0 | — | — |
| Q3 2024 | 11 | $395.7k | 0 | — | — |
| Q4 2024 | 11 | $410.3k | 0 | — | — |
| Q1 2025 | 11 | $415.6k | 0 | — | — |
| Q2 2025 | 10 | $380.1k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-30 | LEIBOWITZ REUBEN S Director | Bought | $83.1k522 shares |
| 2025-06-30 | GLASSCOCK LARRY C Director | Bought | $63.1k396 shares |
| 2025-06-30 | Smith Daniel C. Director | Bought | $60.2k378 shares |
| 2025-06-30 | RODKIN GARY M Director | Bought | $39.2k246 shares |
| 2025-06-30 | Aeppel Glyn Director | Bought | $37.3k234 shares |
| 2025-06-30 | SELIG STEFAN M Director | Bought | $34.9k219 shares |
| 2025-06-30 | STEWART MARTA R Director | Bought | $33.1k208 shares |
| 2025-06-30 | Roe Peggy Fang Director | Bought | $13.7k86 shares |
| 2025-06-30 | LEWIS RANDALL J Director | Bought | $9.4k59 shares |
| 2025-06-30 | Jones Nina P Director | Bought | $6.1k38 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.12% of their portfolio | 45.8m $7.4bn | Added +149.3k |
| BlackRock, Inc. 0.12% of their portfolio | 38.3m $6.2bn | Reduced -968.9k |
| STATE STREET CORP 0.13% of their portfolio | 21.5m $3.4bn | Added +228.8k |
| COHEN & STEERS, INC. 3.00% of their portfolio | 10.2m $1.6bn | Reduced -1.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 9.6m $1.5bn | Added +127.6k |
| BANK OF AMERICA CORP /DE/ 0.10% of their portfolio | 7.7m $1.2bn | Added +1.1m |
| NORGES BANK 0.13% of their portfolio | 6.5m $1.1bn | Reduced -2.3m |
| JPMORGAN CHASE & CO 0.07% of their portfolio | 6.5m $1.0bn | Added +1.7m |
| Capital World Investors 0.14% of their portfolio | 5.8m $929.8m | Added +165.7k |
| MORGAN STANLEY 0.06% of their portfolio | 5.3m $847.4m | Reduced -123.0k |
| NORTHERN TRUST CORP 0.12% of their portfolio | 5.3m $845.9m | Reduced -297.4k |
| DIMENSIONAL FUND ADVISORS LP 0.17% of their portfolio | 4.6m $735.4m | Added +48.4k |
| Nuveen, LLC 0.20% of their portfolio | 4.6m $734.0m | Added +201.1k |
| ROYAL BANK OF CANADA 0.06% of their portfolio | 3.9m $626.4m | Added +2.3m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.11% of their portfolio | 3.8m $610.2m | Added +134.2k |
| Legal & General Group Plc 0.15% of their portfolio | 3.7m $602.6m | Reduced -54.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 3.5m $561.5m | Added +189.3k |
| Invesco Ltd. 0.09% of their portfolio | 3.4m $544.8m | Reduced -272.2k |
| FMR LLC 0.03% of their portfolio | 3.0m $487.9m | Reduced -611.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.24% of their portfolio | 2.9m $463.1m | Reduced -326.0k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 2.5m $401.9m | Reduced -368.4k |
| Boston Partners 0.43% of their portfolio | 2.4m $385.0m | Reduced -47.3k |
| DEUTSCHE BANK AG\ 0.14% of their portfolio | 2.4m $378.6m | Reduced -814.7k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 2.3m $374.6m | Added +94.1k |
| Smead Capital Management, Inc. 6.64% of their portfolio | 2.1m $331.5m | Reduced -274.8k |
| Daiwa Securities Group Inc. 1.21% of their portfolio | 2.0m $329.1m | Reduced -17.6k |
| Amundi 0.10% of their portfolio | 1.8m $298.1m | Added +192.9k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.64% of their portfolio | 1.6m $254.9m | Reduced -32.7k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 3.82% of their portfolio | 1.6m $252.2m | Reduced -258.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.15% of their portfolio | 1.5m $241.7m | Added +78.9k |
| AMERIPRISE FINANCIAL INC 0.05% of their portfolio | 1.4m $220.5m | Added +62.6k |
| Resolution Capital Ltd 4.13% of their portfolio | 1.3m $208.1m | Reduced -505.0k |
| PRUDENTIAL FINANCIAL INC 0.27% of their portfolio | 1.3m $205.5m | Added +34.3k |
| CITADEL ADVISORS LLC 0.18% of their portfolio | 1.3m $202.5m | Added +324.5k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.72% of their portfolio | 1.2m $191.3m | Reduced -136.6k |
| Russell Investments Group, Ltd. 0.24% of their portfolio | 1.2m $189.1m | Reduced -295.0k |
| UBS Group AG 0.04% of their portfolio | 1.2m $186.9m | Reduced -58.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio | 1.1m $183.9m | Reduced -44.6k |
| HighTower Advisors, LLC 0.22% of their portfolio | 1.1m $172.8m | Added +118.6k |
| Artemis Investment Management LLP 2.21% of their portfolio | 1.1m $172.0m | Added +604.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.14% of their portfolio | 1.1m $168.9m | Added +80.4k |
| National Pension Service 0.15% of their portfolio | 1.0m $168.2m | Added +71.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 1.0m $161.3m | Added +88.5k |
| HSBC HOLDINGS PLC 0.10% of their portfolio | 997.3k $160.1m | Reduced -534.7k |
| BESSEMER GROUP INC 0.26% of their portfolio | 992.3k $159.5m | Added +1.9k |
| Swiss National Bank 0.10% of their portfolio | 987.6k $158.8m | Added +67.4k |
| CANADA LIFE ASSURANCE Co 0.25% of their portfolio | 969.2k $155.9m | Added +96.0k |
| KBC Group NV 0.41% of their portfolio | 944.8k $151.9m | Added +90.0k |
| SEI INVESTMENTS CO 0.17% of their portfolio | 912.2k $146.6m | Reduced -120.1k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 891.2k $143.3m | Added +22.9k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.62% of their portfolio | 859.6k $138.2m | Added +3.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.11% of their portfolio | 818.0k $131.5m | Added +51.2k |
| Hamlin Capital Management, LLC 3.03% of their portfolio | 814.9k $131.0m | Added +13.2k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 795.3k $127.9m | Added +8.2k |
| Allianz Asset Management GmbH 0.17% of their portfolio | 792.9k $127.5m | Added +129.6k |
| MACQUARIE GROUP LTD 0.16% of their portfolio | 791.5k $127.2m | Added +57.6k |
| PANAGORA ASSET MANAGEMENT INC 0.57% of their portfolio | 786.2k $126.4m | Reduced -88.3k |
| PGGM Investments 2.19% of their portfolio | 784.9k $126.2m | Reduced -74.9k |
| MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio | 755.9k $121.5m | Added +490.2k |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 675.4k $108.6m | Reduced -10.1k |
| Aberdeen Group plc 0.18% of their portfolio | 651.8k $104.8m | Added +32.2k |
| BANK OF MONTREAL /CAN/ 0.05% of their portfolio | 640.8k $103.0m | Reduced -10.1k |
| BARCLAYS PLC 0.04% of their portfolio | 616.9k $99.2m | Reduced -20.8k |
| Asset Management One Co., Ltd. 0.30% of their portfolio | 594.1k $95.5m | Reduced -7.5k |
| Caisse de depot et placement du Quebec 0.20% of their portfolio | 593.5k $95.4m | Added +301.2k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.32% of their portfolio | 587.3k $94.4m | Added +9.2k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 565.4k $90.9m | Reduced -179.6k |
| California Public Employees Retirement System 0.06% of their portfolio | 559.9k $90.0m | Added +25.8k |
| NOMURA ASSET MANAGEMENT CO LTD 0.24% of their portfolio | 546.5k $87.9m | Added +17.6k |
| APG Asset Management US Inc. 0.66% of their portfolio | 540.4k $88.8m | Reduced -21.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.10% of their portfolio | 533.5k $85.8m | Added +14.2k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 516.1k $83.0m | Added +35.7k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 3.38% of their portfolio | 514.1k $82.6m | Added +50.2k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 512.6k $82.4m | Reduced -20.6k |
| Robeco Institutional Asset Management B.V. 0.13% of their portfolio | 485.1k $78.0m | Added +141.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio | 468.3k $75.3m | Added +267.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio | 462.7k $74.4m | Added +55.9k |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 461.8k $74.2m | Reduced -114.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.27% of their portfolio | 461.1k $74.1m | Reduced -97.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 440.5k $70.8m | Reduced -3.2m |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.12% of their portfolio | 432.0k $69.4m | Reduced -14.1k |
| CITIGROUP INC 0.05% of their portfolio | 425.5k $68.4m | Added +75.4k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.47% of their portfolio | 423.1k $68.0m | Added +3.2k |
| Qube Research & Technologies Ltd 0.09% of their portfolio | 422.5k $67.9m | Added +300.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 406.9k $65.4m | Reduced -134.8k |
| TCW GROUP INC 0.50% of their portfolio | 400.9k $64.5m | Added +5.2k |
| CAPITAL ADVISORS INC/OK 1.14% of their portfolio | 393.8k $63.3m | Added +2.1k |
| Heitman Real Estate Securities LLC 4.47% of their portfolio | 392.4k $63.1m | Reduced -85.6k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.15% of their portfolio | 386.4k $62.1m | Added +14.6k |
| LPL Financial LLC 0.02% of their portfolio | 383.5k $61.6m | Added +34.3k |
| Mitsubishi UFJ Trust & Banking Corp 0.14% of their portfolio | 378.1k $60.8m | Added +164.7k |
| STRS OHIO 0.22% of their portfolio | 372.6k $59.9m | Added +145.4k |
| STIFEL FINANCIAL CORP 0.06% of their portfolio | 372.1k $59.8m | Added +19.9k |
| Adelante Capital Management LLC 4.35% of their portfolio | 368.0k $59.2m | Reduced -18.5k |
| PNC Financial Services Group, Inc. 0.04% of their portfolio | 365.1k $58.7m | Reduced -640 |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 352.0k $56.2m | Added +140.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 348.3k $56.0m | Added +29.5k |
| Treasurer of the State of North Carolina 0.18% of their portfolio | 343.5k $55.2m | Added +127.9k |
| Ensign Peak Advisors, Inc 0.09% of their portfolio | 342.0k $55.0m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.08% of their portfolio | 330.7k $53.2m | Added +220.5k |