STAG INDL INC STAG
COM · REIT · CUSIP 85254J102 · ISIN US85254J1025
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersBoston, 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 ($37.4m this quarter). Holder counts are more reliable. Shares outstanding: 186.6m as of 2025-04-28, 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 ≈ $36.12. Options: 7 managers hold calls ($7.3m notional), 5 hold puts ($863.7k).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 402 |
| Q4 2022 | 443 |
| Q1 2023 | 457 |
| Q2 2023 | 497 |
| Q3 2023 | 492 |
| Q4 2023 | 515 |
| Q1 2024 | 502 |
| Q2 2024 | 522 |
| Q3 2024 | 518 |
| Q4 2024 | 520 |
| Q1 2025 | 520 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 244 | 204 |
| Q3 2023 | 223 | 223 |
| Q4 2023 | 239 | 216 |
| Q1 2024 | 225 | 230 |
| Q2 2024 | 237 | 242 |
| Q3 2024 | 215 | 262 |
| Q4 2024 | 245 | 236 |
| Q1 2025 | 283 | 217 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $5.1m | $2.3m | 0.46 |
| Q3 2024 | $8.5m | $1.4m | 0.16 |
| Q4 2024 | $2.6m | $1.5m | 0.58 |
| Q1 2025 | $7.3m | $863.7k | 0.12 |
Biggest buyers
| BlackRock, Inc. | Added | +3.0m |
| NORGES BANK | Added | +2.9m |
| FMR LLC | Added | +1.9m |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Added | +1.2m |
| CITADEL ADVISORS LLC | Added | +780.2k |
| GOLDMAN SACHS GROUP INC | Added | +451.4k |
| Boston Trust Walden Corp | Added | +437.5k |
| AMERICAN CENTURY COMPANIES INC | Added | +382.8k |
| VANGUARD GROUP INC | Added | +347.7k |
| Hudson Bay Capital Management LP | New | +340.0k |
Biggest sellers
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -4.0m |
| PRUDENTIAL FINANCIAL INC | Reduced | -1.1m |
| DEUTSCHE BANK AG\ | Reduced | -1.0m |
| JANUS HENDERSON GROUP PLC | Reduced | -979.4k |
| Woodline Partners LP | Sold out | -456.7k |
| Qube Research & Technologies Ltd | Sold out | -297.9k |
| Cubist Systematic Strategies, LLC | Sold out | -256.8k |
| NORTHERN TRUST CORP | Reduced | -227.9k |
| Channing Capital Management, LLC | Reduced | -220.5k |
| Thrivent Financial for Lutherans | Reduced | -204.4k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $3.6m99.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.4m37.7k shares |
| SIMPLEX TRADING, LLC | Added | $769.0k21.3k shares |
| WOLVERINE TRADING, LLC | New | $697.6k19.6k shares |
| JANE STREET GROUP, LLC | New | $516.5k14.3k shares |
| GROUP ONE TRADING LLC | Added | $393.7k10.9k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $668.2k18.5k shares |
| SIMPLEX TRADING, LLC | Added | $155.0k4.3k shares |
| GROUP ONE TRADING LLC | Added | $39.7k1.1k shares |
| Quaker Wealth Management, LLC | First filing | $75921 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 8.8% |
| FMR LLC 13G · institution +1.5 pts · filed 2025-08-06 | 7.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.3% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), STATE STREET CORP (4.9%, 2026-02-09)
Insider purchases and sales in Q1 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 |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 1 | $1.2m | — |
| Q3 2023 | 0 | — | 1 | $2.4m | — |
| Q4 2023 | 0 | — | 4 | $3.7m | — |
| Q1 2024 | 0 | — | 2 | $2.5m | — |
| Q2 2024 | 0 | — | 1 | $1.0m | — |
| Q3 2024 | 0 | — | 1 | $3.3m | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 2 | $2.0m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-05 | Guillemette Larry T Director | Sold | $217.9k6.0k shares |
| 2025-02-18 | Butcher Benjamin S Director | Sold | $1.8m50.0k 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, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 26.2m $945.6m | Added +347.7k |
| BlackRock, Inc. 0.02% of their portfolio | 24.7m $892.9m | Added +3.0m |
| FMR LLC 0.03% of their portfolio | 10.9m $394.3m | Added +1.9m |
| STATE STREET CORP 0.01% of their portfolio | 9.4m $340.6m | Added +223.0k |
| NORGES BANK 0.03% of their portfolio | 5.1m $184.0m | Added +2.9m |
| EARNEST PARTNERS LLC 0.66% of their portfolio | 3.8m $138.0m | Added +25.1k |
| ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio | 3.8m $136.8m | Added +120.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.6m $131.4m | Added +216.1k |
| Nuveen, LLC 0.04% of their portfolio | 3.6m $130.0m | First filing |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 3.2m $116.0m | Added +87.7k |
| Boston Trust Walden Corp 0.78% of their portfolio | 2.9m $106.3m | Added +437.5k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 2.9m $103.1m | Added +56.3k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.74% of their portfolio | 2.1m $74.4m | Added +229.5k |
| Channing Capital Management, LLC 2.22% of their portfolio | 2.0m $73.7m | Reduced -220.5k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.07% of their portfolio | 1.9m $70.0m | Added +1.2m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.9m $67.3m | Reduced -227.9k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 1.9m $66.9m | Added +151.2k |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 1.8m $66.0m | Added +780.2k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 1.7m $61.8m | Reduced -979.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.7m $60.4m | Added +451.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.7m $60.0m | Reduced -182.0k |
| GW&K Investment Management, LLC 0.47% of their portfolio | 1.4m $50.3m | Reduced -41.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4m $50.0m | Added +151.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.4m $49.0m | Reduced -6.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.3m $47.7m | Added +314.7k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.50% of their portfolio | 1.3m $46.2m | Added +157.3k |
| Invesco Ltd. 0.01% of their portfolio | 1.3m $46.1m | Added +37.9k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.3m $45.7m | Added +37.8k |
| MORGAN STANLEY 0.00% of their portfolio | 1.2m $45.1m | Added +87.3k |
| Legal & General Group Plc 0.01% of their portfolio | 1.2m $42.2m | Added +29.3k |
| SEGALL BRYANT & HAMILL, LLC 0.62% of their portfolio | 1.1m $40.4m | Added +15.9k |
| Heitman Real Estate Securities LLC 2.51% of their portfolio | 1.1m $38.8m | Reduced -146.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 1.0m $37.4m | Reduced -48.8k |
| Alyeska Investment Group, L.P. 0.14% of their portfolio | 977.5k $35.3m | Reduced -39.0k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 844.4k $30.5m | Added +46.9k |
| Aristotle Capital Boston, LLC 1.47% of their portfolio | 816.2k $29.5m | Reduced -170.5k |
| PRUDENTIAL FINANCIAL INC 0.04% of their portfolio | 730.8k $26.4m | Reduced -1.1m |
| SEI INVESTMENTS CO 0.03% of their portfolio | 713.7k $25.8m | Added +126.8k |
| CRAWFORD INVESTMENT COUNSEL INC 0.44% of their portfolio | 687.2k $24.8m | Added +7.6k |
| BESSEMER GROUP INC 0.04% of their portfolio | 657.0k $23.7m | Added +33.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 618.3k $22.3m | Reduced -4.0m |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.14% of their portfolio | 616.9k $22.3m | Added +41.7k |
| MILLER HOWARD INVESTMENTS INC /NY 0.69% of their portfolio | 603.3k $21.8m | Added +3.8k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 575.2k $20.8m | Added +236.3k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 535.6k $19.3m | Added +21.9k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 531.3k $19.2m | Added +2.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 507.2k $18.3m | Added +67.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 483.6k $17.5m | Added +3.0k |
| Leeward Investments, LLC - MA 0.93% of their portfolio | 483.6k $17.5m | Reduced -18.5k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 445.9k $16.1m | Added +382.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 436.1k $15.8m | Added +2.0k |
| MetLife Investment Management, LLC 0.08% of their portfolio | 435.6k $15.7m | Added +327.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 429.0k $15.5m | Added +11.4k |
| GLENMEDE TRUST CO NA 0.08% of their portfolio | 427.4k $15.4m | Reduced -21.9k |
| UBS Group AG 0.00% of their portfolio | 410.9k $14.8m | Added +161.6k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 404.4k $14.6m | Added +222.3k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.15% of their portfolio | 403.4k $14.6m | Reduced -45.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 403.0k $14.6m | Added +79.2k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 399.9k $14.5m | Added +20.7k |
| Ceredex Value Advisors LLC 0.32% of their portfolio | 399.8k $14.4m | Reduced -48.1k |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 389.4k $14.1m | Added +37.8k |
| Asset Management One Co., Ltd. 0.05% of their portfolio | 376.5k $13.6m | Added +17.4k |
| BOKF, NA 0.24% of their portfolio | 375.8k $13.6m | Added +141.8k |
| SG Americas Securities, LLC 0.05% of their portfolio | 368.8k $13.3m | Added +293.8k |
| Swiss National Bank 0.01% of their portfolio | 353.0k $12.8m | Reduced -5.2k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 350.7k $12.6m | Added +144.4k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 349.2k $12.6m | Reduced -489 |
| Hudson Bay Capital Management LP 0.08% of their portfolio | 340.0k $12.3m | New |
| State of Tennessee, Department of Treasury 0.05% of their portfolio | 338.5k $12.2m | Reduced -5.1k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 334.2k $12.1m | Reduced -190.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.04% of their portfolio | 323.7k $11.7m | Reduced -2.0k |
| Thrivent Financial for Lutherans 0.03% of their portfolio | 317.0k $11.5m | Reduced -204.4k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.21% of their portfolio | 295.0k $10.7m | Reduced -64.6k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.08% of their portfolio | 294.2k $10.6m | First filing |
| Jain Global LLC 0.21% of their portfolio | 288.5k $10.4m | New |
| AXA S.A. 0.03% of their portfolio | 285.3k $10.3m | Added +84.3k |
| California Public Employees Retirement System 0.01% of their portfolio | 280.4k $10.1m | Reduced -19.8k |
| Schonfeld Strategic Advisors LLC 0.07% of their portfolio | 275.2k $9.9m | New |
| Motley Fool Wealth Management, LLC 0.58% of their portfolio | 269.6k $9.7m | Reduced -21.4k |
| Crestwood Advisors Group, LLC 0.18% of their portfolio | 266.0k $9.6m | Reduced -12.9k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 261.1k $9.4m | Reduced -10.9k |
| NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio | 260.0k $9.4m | Added +18.0k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.04% of their portfolio | 250.9k $9.1m | Reduced -5.1k |
| STRS OHIO 0.03% of their portfolio | 231.3k $8.4m | New |
| Retirement Systems of Alabama 0.03% of their portfolio | 227.1k $8.2m | Added +5.5k |
| ExodusPoint Capital Management, LP 0.11% of their portfolio | 222.6k $8.0m | New |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 214.9k $7.8m | Added +47.4k |
| CONGRESS ASSET MANAGEMENT CO 0.06% of their portfolio | 209.6k $7.6m | Reduced -11.3k |
| Corebridge Financial, Inc. 0.04% of their portfolio | 206.0k $7.4m | Reduced -139 |
| Fisher Asset Management, LLC 0.00% of their portfolio | 204.8k $7.4m | Reduced -509 |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 202.5k $7.3m | Added +4.8k |
| Dana Investment Advisors, Inc. 0.24% of their portfolio | 187.2k $6.8m | Added +15.4k |
| Keeley-Teton Advisors, LLC 0.81% of their portfolio | 185.6k $6.7m | Reduced -14.0k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.07% of their portfolio | 184.8k $6.7m | Added +39.0k |
| State of New Jersey Common Pension Fund D 0.03% of their portfolio | 183.9k $6.6m | Reduced -3.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 168.4k $6.1m | Reduced -1.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 168.2k $6.1m | Added +103.1k |
| OPPENHEIMER & CO INC 0.09% of their portfolio | 163.3k $5.9m | Added +9.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 160.2k $5.8m | Reduced -6.3k |
| FineMark National Bank & Trust 0.21% of their portfolio | 158.0k $5.7m | Added +6.6k |