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 ($43.7m this quarter). Holder counts are more reliable. Shares outstanding: 186.8m as of 2025-10-28, 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 ≈ $35.30. Options: 7 managers hold calls ($11.2m notional), 6 hold puts ($1.9m).
Trends to Q3 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 |
| Q3 2025 | 525 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q3 2025 | 246 | 236 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $2.6m | $1.5m | 0.58 |
| Q1 2025 | $7.3m | $863.7k | 0.12 |
| Q2 2025 | $13.6m | $3.7m | 0.27 |
| Q3 2025 | $11.2m | $1.9m | 0.17 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +1.7m |
| BlackRock, Inc. | Added | +800.6k |
| CITADEL ADVISORS LLC | New | +622.6k |
| Balyasny Asset Management L.P. | Added | +541.2k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Added | +378.0k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | Added | +352.9k |
| TUDOR INVESTMENT CORP ET AL | New | +323.7k |
| Susquehanna Portfolio Strategies, LLC | New | +304.6k |
| MILLENNIUM MANAGEMENT LLC | Added | +250.5k |
| BANK OF MONTREAL /CAN/ | Added | +249.1k |
Biggest sellers
| PRUDENTIAL FINANCIAL INC | Reduced | -847.5k |
| Hudson Bay Capital Management LP | Sold out | -748.0k |
| Alyeska Investment Group, L.P. | Reduced | -627.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Sold out | -598.2k |
| ROYAL BANK OF CANADA | Reduced | -534.3k |
| AXA S.A. | Sold out | -444.9k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -387.3k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -374.6k |
| Gillson Capital LP | Sold out | -367.3k |
| Woodline Partners LP | Reduced | -296.8k |
Biggest calls
| JANE STREET GROUP, LLC | Reduced | $4.2m118.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.8m107.7k shares |
| CITADEL ADVISORS LLC | Added | $2.3m65.6k shares |
| WOLVERINE TRADING, LLC | Reduced | $443.6k12.7k shares |
| SIMPLEX TRADING, LLC | Added | $377.0k10.7k shares |
| GROUP ONE TRADING LLC | Reduced | $49.4k1.4k shares |
| Twin Tree Management, LP | New | $14.1k400 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $638.7k18.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $434.1k12.3k shares |
| JANE STREET GROUP, LLC | Reduced | $352.9k10.0k shares |
| WOLVERINE TRADING, LLC | New | $335.3k9.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $105.0k3.0k shares |
| GROUP ONE TRADING LLC | Reduced | $67.1k1.9k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2025 | 0 | — | 2 | $993.3k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-23 | Guillemette Larry T Director | Sold | $70.5k2.0k shares |
| 2025-09-05 | Butcher Benjamin S Director | Sold | $922.7k25.0k 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, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 27.5m $970.3m | Added +800.6k |
| VANGUARD GROUP INC 0.01% of their portfolio | 25.8m $912.1m | Reduced -281.2k |
| FMR LLC 0.02% of their portfolio | 13.5m $476.3m | Reduced -209.5k |
| STATE STREET CORP 0.01% of their portfolio | 9.4m $333.0m | Reduced -136.9k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.97% of their portfolio | 3.9m $138.0m | Added +378.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.8m $132.9m | Added +81.0k |
| EARNEST PARTNERS LLC 0.56% of their portfolio | 3.6m $128.7m | Reduced -165.3k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 3.6m $125.8m | Reduced -387.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 3.3m $116.4m | Added +66.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.0m $105.6m | Added +1.7m |
| Boston Trust Walden Corp 0.76% of their portfolio | 2.9m $103.9m | Reduced -20.4k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.8m $99.9m | Added +25.1k |
| Nuveen, LLC 0.02% of their portfolio | 2.7m $94.4m | Added +150.5k |
| Channing Capital Management, LLC 2.03% of their portfolio | 2.2m $77.2m | Added +167.1k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.59% of their portfolio | 1.8m $64.7m | Reduced -275.8k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.8m $63.8m | Reduced -132.8k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 1.7m $60.5m | Reduced -65.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.7m $60.3m | Added +15.3k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 1.6m $56.8m | Reduced -153.3k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.49% of their portfolio | 1.6m $55.2m | Reduced -25.2k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.3m $44.8m | Reduced -77.7k |
| SEGALL BRYANT & HAMILL, LLC 0.60% of their portfolio | 1.3m $44.8m | Added +4.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.2m $42.8m | Reduced -135.8k |
| Invesco Ltd. 0.01% of their portfolio | 1.2m $42.4m | Reduced -32.1k |
| GW&K Investment Management, LLC 0.35% of their portfolio | 1.1m $39.9m | Reduced -139.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 1.1m $39.2m | Added +59.0k |
| Legal & General Group Plc 0.01% of their portfolio | 1.1m $37.9m | Reduced -121.6k |
| MORGAN STANLEY 0.00% of their portfolio | 1.1m $37.5m | Reduced -175.1k |
| Woodline Partners LP 0.17% of their portfolio | 1.0m $36.5m | Reduced -296.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 986.2k $34.8m | Reduced -8.1k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 963.2k $34.0m | Added +85.6k |
| BESSEMER GROUP INC 0.04% of their portfolio | 773.1k $27.3m | Added +87.8k |
| Aristotle Capital Boston, LLC 1.37% of their portfolio | 751.6k $26.5m | Reduced -10.2k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 724.4k $25.6m | Reduced -21.6k |
| CRAWFORD INVESTMENT COUNSEL INC 0.42% of their portfolio | 718.0k $25.3m | Added +39.6k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.14% of their portfolio | 706.7k $24.9m | Added +135.8k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.22% of their portfolio | 700.3k $24.7m | Added +352.9k |
| UBS Group AG 0.00% of their portfolio | 644.7k $22.8m | Added +228.0k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 622.6k $22.0m | New |
| MILLER HOWARD INVESTMENTS INC /NY 0.65% of their portfolio | 603.8k $21.3m | Added +1.0k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 570.9k $20.1m | Added +541.2k |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 560.5k $19.8m | Reduced -29.2k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 535.1k $18.9m | Reduced -23.6k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 515.1k $18.2m | Added +249.1k |
| Alyeska Investment Group, L.P. 0.05% of their portfolio | 497.1k $17.5m | Reduced -627.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 488.6k $17.2m | Reduced -21.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 473.6k $16.7m | Reduced -4.5k |
| State of Tennessee, Department of Treasury 0.05% of their portfolio | 459.0k $16.2m | Added +68.0k |
| Leeward Investments, LLC - MA 0.82% of their portfolio | 452.9k $16.0m | Reduced -10.2k |
| AXA Investment Managers S.A. 0.04% of their portfolio | 444.9k $15.7m | First filing |
| MetLife Investment Management, LLC 0.08% of their portfolio | 444.0k $15.7m | Added +72.3k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 439.7k $15.4m | Added +18.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 414.7k $14.6m | Reduced -8.5k |
| Glenmede Investment Management, LP 0.07% of their portfolio | 404.4k $14.3m | Reduced -22.3k |
| Pacific Heights Asset Management LLC 0.63% of their portfolio | 400.0k $14.1m | Added +100.0k |
| Asset Management One Co., Ltd. 0.04% of their portfolio | 387.2k $13.7m | Reduced -3.0k |
| BOKF, NA 0.20% of their portfolio | 369.7k $13.0m | Added +5.3k |
| Swiss National Bank 0.01% of their portfolio | 361.8k $12.8m | Added +5.2k |
| California Public Employees Retirement System 0.01% of their portfolio | 360.5k $12.7m | Added +33.4k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 358.5k $12.5m | Reduced -4.0k |
| LOOMIS SAYLES & CO L P 0.01% of their portfolio | 353.1k $12.5m | Added +11.7k |
| BARCLAYS PLC 0.00% of their portfolio | 339.7k $12.0m | Reduced -100.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 337.4k $11.9m | Reduced -86.1k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.04% of their portfolio | 328.3k $11.6m | Reduced -1.4k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 327.5k $11.6m | Added +250.5k |
| TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio | 323.7k $11.4m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 320.1k $11.3m | Reduced -534.3k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 318.7k $11.2m | Added +155.7k |
| Susquehanna Portfolio Strategies, LLC 0.17% of their portfolio | 304.6k $10.8m | New |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.07% of their portfolio | 302.1k $10.7m | Added +8.9k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 299.8k $10.6m | Reduced -847.5k |
| NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio | 276.8k $9.8m | Added +5.3k |
| Gotham Asset Management, LLC 0.04% of their portfolio | 268.8k $9.5m | Added +44.7k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.15% of their portfolio | 258.8k $9.1m | Reduced -18.1k |
| Crestwood Advisors Group, LLC 0.15% of their portfolio | 252.5k $8.9m | Reduced -10.9k |
| Cubist Systematic Strategies, LLC 0.12% of their portfolio | 231.5k $8.2m | New |
| Retirement Systems of Alabama 0.03% of their portfolio | 225.7k $8.0m | Reduced -2.4k |
| Motley Fool Wealth Management, LLC 0.52% of their portfolio | 217.7k $7.7m | Reduced -26.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 205.8k $7.3m | Reduced -753 |
| CONGRESS ASSET MANAGEMENT CO 0.05% of their portfolio | 203.4k $7.2m | Reduced -7.8k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 199.1k $7.0m | Reduced -66.3k |
| Mizuho Markets Cayman LP 0.59% of their portfolio | 195.2k $6.9m | New |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 192.4k $6.8m | New |
| State of New Jersey Common Pension Fund D 0.02% of their portfolio | 188.9k $6.7m | Added +4.8k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.07% of their portfolio | 184.8k $6.5m | Unchanged |
| Fisher Asset Management, LLC 0.00% of their portfolio | 182.5k $6.4m | Reduced -13 |
| Allianz Asset Management GmbH 0.01% of their portfolio | 180.4k $6.4m | Reduced -219.2k |
| Dana Investment Advisors, Inc. 0.18% of their portfolio | 177.8k $6.3m | Reduced -3.5k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 173.9k $6.1m | Reduced -77.4k |
| PINEBRIDGE INVESTMENTS, L.P. 0.05% of their portfolio | 171.9k $6.1m | Added +147.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 168.8k $6.0m | Added +9 |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.02% of their portfolio | 166.2k $5.9m | Reduced -69.5k |
| CITIGROUP INC 0.00% of their portfolio | 161.1k $5.7m | Reduced -8.2k |
| OPPENHEIMER & CO INC 0.07% of their portfolio | 160.5k $5.7m | Added +1.6k |
| LORD, ABBETT & CO. LLC 0.02% of their portfolio | 157.4k $5.6m | Unchanged |
| FineMark National Bank & Trust 0.18% of their portfolio | 156.5k $5.5m | Reduced -2.1k |
| GABELLI FUNDS LLC 0.04% of their portfolio | 154.6k $5.5m | Added +774 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 148.4k $5.2m | Added +1.7k |
| Waterfront Capital Partners, LLC 3.41% of their portfolio | 147.9k $5.2m | Reduced -247.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 144.9k $5.1m | Reduced -6.3k |