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 ($43.5m this quarter). Holder counts are more reliable. Shares outstanding: 186.7m as of 2025-07-28, 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 ≈ $36.29. Options: 7 managers hold calls ($13.6m notional), 6 hold puts ($3.7m).
Trends to Q2 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 |
| Q2 2025 | 524 |
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 | 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 |
| Q2 2025 | 266 | 226 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $8.5m | $1.4m | 0.16 |
| Q4 2024 | $2.6m | $1.5m | 0.58 |
| Q1 2025 | $7.3m | $863.7k | 0.12 |
| Q2 2025 | $13.6m | $3.7m | 0.27 |
Biggest buyers
| FMR LLC | Added | +2.8m |
| NORGES BANK | Added | +2.7m |
| BlackRock, Inc. | Added | +2.0m |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Added | +1.6m |
| Woodline Partners LP | New | +1.3m |
| ROYAL BANK OF CANADA | Added | +418.2k |
| PRUDENTIAL FINANCIAL INC | Added | +416.4k |
| Hudson Bay Capital Management LP | Added | +407.9k |
| Waterfront Capital Partners, LLC | New | +395.7k |
| Gillson Capital LP | New | +367.3k |
Biggest sellers
| CITADEL ADVISORS LLC | Sold out | -1.8m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -1.1m |
| Heitman Real Estate Securities LLC | Sold out | -1.1m |
| Nuveen, LLC | Reduced | -1.1m |
| GOLDMAN SACHS GROUP INC | Reduced | -677.7k |
| Balyasny Asset Management L.P. | Reduced | -505.8k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -498.1k |
| Ceredex Value Advisors LLC | Sold out | -399.8k |
| SG Americas Securities, LLC | Reduced | -359.1k |
| Schonfeld Strategic Advisors LLC | Reduced | -266.5k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $8.4m232.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.9m52.7k shares |
| CITADEL ADVISORS LLC | Reduced | $1.8m49.8k shares |
| WOLVERINE TRADING, LLC | Added | $749.3k20.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $351.0k9.7k shares |
| GROUP ONE TRADING LLC | Reduced | $322.9k8.9k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| JANE STREET GROUP, LLC | New | $2.2m59.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $642.2k17.7k shares |
| CITADEL ADVISORS LLC | Reduced | $584.1k16.1k shares |
| SIMPLEX TRADING, LLC | Added | $203.0k5.6k shares |
| GROUP ONE TRADING LLC | Added | $94.3k2.6k 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 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 | 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 | — |
| Q2 2025 | 0 | — | 1 | $1.1m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-06 | Butcher Benjamin S Director | Sold | $1.1m28.8k 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 |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 26.7m $968.5m | Added +2.0m |
| VANGUARD GROUP INC 0.02% of their portfolio | 26.1m $947.9m | Reduced -50.8k |
| FMR LLC 0.03% of their portfolio | 13.7m $497.3m | Added +2.8m |
| STATE STREET CORP 0.01% of their portfolio | 9.5m $347.3m | Added +142.1k |
| NORGES BANK 0.04% of their portfolio | 7.8m $282.9m | Added +2.7m |
| ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio | 4.0m $143.3m | Added +162.9k |
| EARNEST PARTNERS LLC 0.62% of their portfolio | 3.8m $138.3m | Reduced -8.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.7m $133.7m | Added +46.7k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.94% of their portfolio | 3.5m $128.2m | Added +1.6m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 3.2m $117.3m | Added +19.7k |
| Boston Trust Walden Corp 0.77% of their portfolio | 3.0m $107.6m | Added +23.3k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.8m $101.8m | Reduced -46.8k |
| Nuveen, LLC 0.03% of their portfolio | 2.5m $91.6m | Reduced -1.1m |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.72% of their portfolio | 2.1m $76.6m | Added +50.5k |
| Channing Capital Management, LLC 2.04% of their portfolio | 2.0m $73.3m | Reduced -19.4k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.9m $70.4m | Added +79.7k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 1.8m $64.5m | Reduced -74.4k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 1.8m $63.9m | Added +26.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.7m $61.5m | Added +32.5k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.53% of their portfolio | 1.6m $57.6m | Added +310.6k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.3m $48.9m | Added +82.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.3m $48.9m | Reduced -37.1k |
| Woodline Partners LP 0.26% of their portfolio | 1.3m $48.3m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.3m $48.1m | Added +5.6k |
| GW&K Investment Management, LLC 0.41% of their portfolio | 1.3m $46.0m | Reduced -123.3k |
| SEGALL BRYANT & HAMILL, LLC 0.64% of their portfolio | 1.3m $45.9m | Added +145.9k |
| MORGAN STANLEY 0.00% of their portfolio | 1.2m $44.9m | Reduced -9.9k |
| Invesco Ltd. 0.01% of their portfolio | 1.2m $44.8m | Reduced -43.8k |
| Legal & General Group Plc 0.01% of their portfolio | 1.2m $43.3m | Added +26.0k |
| PRUDENTIAL FINANCIAL INC 0.05% of their portfolio | 1.1m $41.6m | Added +416.4k |
| Alyeska Investment Group, L.P. 0.14% of their portfolio | 1.1m $40.8m | Added +147.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 1.1m $38.2m | Added +17.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 994.3k $36.1m | Reduced -677.7k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 877.6k $31.8m | Added +33.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 854.3k $31.0m | Added +418.2k |
| Aristotle Capital Boston, LLC 1.41% of their portfolio | 761.7k $27.6m | Reduced -54.5k |
| Hudson Bay Capital Management LP 0.18% of their portfolio | 748.0k $27.1m | Added +407.9k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 746.0k $27.1m | Added +32.3k |
| BESSEMER GROUP INC 0.04% of their portfolio | 685.3k $24.9m | Added +28.3k |
| CRAWFORD INVESTMENT COUNSEL INC 0.43% of their portfolio | 678.3k $24.6m | Reduced -8.9k |
| MILLER HOWARD INVESTMENTS INC /NY 0.69% of their portfolio | 602.7k $21.9m | Reduced -536 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 598.2k $21.7m | Reduced -20.1k |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 589.7k $21.4m | Added +200.3k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.12% of their portfolio | 570.9k $20.7m | Reduced -46.0k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 558.8k $20.3m | Added +27.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 510.2k $18.5m | Added +3.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 478.1k $17.3m | Reduced -5.5k |
| Leeward Investments, LLC - MA 0.89% of their portfolio | 463.1k $16.8m | Reduced -20.5k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 456.0k $16.5m | Added +10.2k |
| AXA S.A. 0.05% of their portfolio | 444.9k $16.1m | Added +159.6k |
| BARCLAYS PLC 0.01% of their portfolio | 440.6k $16.0m | Added +323.4k |
| Glenmede Investment Management, LP 0.08% of their portfolio | 426.7k $15.5m | First filing |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 423.5k $15.4m | Added +20.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 423.2k $15.4m | Reduced -5.9k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 421.1k $15.3m | Added +21.2k |
| UBS Group AG 0.00% of their portfolio | 416.7k $15.1m | Added +5.8k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 399.5k $14.5m | Reduced -4.9k |
| Waterfront Capital Partners, LLC 3.57% of their portfolio | 395.7k $14.4m | New |
| State of Tennessee, Department of Treasury 0.05% of their portfolio | 391.1k $14.2m | Added +52.6k |
| Asset Management One Co., Ltd. 0.04% of their portfolio | 390.2k $14.2m | Added +13.7k |
| MetLife Investment Management, LLC 0.08% of their portfolio | 371.7k $13.5m | Reduced -63.9k |
| Gillson Capital LP 1.02% of their portfolio | 367.3k $13.3m | New |
| BOKF, NA 0.21% of their portfolio | 364.4k $13.2m | Reduced -11.4k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 362.5k $13.0m | Added +11.8k |
| Swiss National Bank 0.01% of their portfolio | 356.6k $12.9m | Added +3.6k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.12% of their portfolio | 347.4k $12.6m | Reduced -56.1k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 341.3k $12.4m | Reduced -7.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.04% of their portfolio | 329.7k $12.0m | Added +6.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 327.1k $11.9m | Added +46.8k |
| Pacific Heights Asset Management LLC 0.58% of their portfolio | 300.0k $10.9m | Added +175.0k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.07% of their portfolio | 293.2k $10.6m | Reduced -1.0k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.18% of their portfolio | 276.9k $10.0m | Reduced -18.1k |
| NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio | 271.5k $9.9m | Added +11.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 268.5k $9.7m | Reduced -1.1m |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 266.0k $9.6m | Added +4.9k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 265.4k $9.6m | Reduced -68.9k |
| Crestwood Advisors Group, LLC 0.17% of their portfolio | 263.3k $9.6m | Reduced -2.7k |
| Thrivent Financial for Lutherans 0.02% of their portfolio | 251.3k $9.1m | Reduced -65.7k |
| Motley Fool Wealth Management, LLC 0.53% of their portfolio | 243.9k $8.8m | Reduced -25.7k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.04% of their portfolio | 235.7k $8.6m | Reduced -15.2k |
| Retirement Systems of Alabama 0.03% of their portfolio | 228.1k $8.3m | Added +1.0k |
| Gotham Asset Management, LLC 0.05% of their portfolio | 224.2k $8.1m | Added +130.6k |
| CONGRESS ASSET MANAGEMENT CO 0.05% of their portfolio | 211.2k $7.7m | Added +1.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 206.5k $7.5m | Added +4.0k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.07% of their portfolio | 184.8k $6.7m | Unchanged |
| State of New Jersey Common Pension Fund D 0.03% of their portfolio | 184.1k $6.7m | Added +188 |
| Fisher Asset Management, LLC 0.00% of their portfolio | 182.5k $6.6m | Reduced -22.3k |
| Dana Investment Advisors, Inc. 0.22% of their portfolio | 181.3k $6.6m | Reduced -5.9k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 177.8k $6.4m | Added +112.7k |
| CITIGROUP INC 0.00% of their portfolio | 169.2k $6.1m | Added +48.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 168.8k $6.1m | Added +342 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 165.4k $6.0m | Added +131.5k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 162.9k $5.9m | Added +15.4k |
| OPPENHEIMER & CO INC 0.08% of their portfolio | 158.9k $5.8m | Reduced -4.4k |
| FineMark National Bank & Trust 0.20% of their portfolio | 158.6k $5.8m | Added +580 |
| LORD, ABBETT & CO. LLC 0.02% of their portfolio | 157.4k $5.7m | Added +5.1k |
| LPL Financial LLC 0.00% of their portfolio | 153.9k $5.6m | Added +7.6k |
| GABELLI FUNDS LLC 0.04% of their portfolio | 153.8k $5.6m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 151.2k $5.5m | Reduced -9.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 146.7k $5.3m | Added +5.0k |