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 ($45.7m this quarter). Holder counts are more reliable. Shares outstanding: 191.0m as of 2026-02-10, 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 ≈ $36.78. Options: 7 managers hold calls ($6.5m notional), 3 hold puts ($632.3k).
Trends to Q4 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 |
| Q4 2025 | 544 |
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 | 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 |
| Q4 2025 | 251 | 227 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $7.3m | $863.7k | 0.12 |
| Q2 2025 | $13.6m | $3.7m | 0.27 |
| Q3 2025 | $11.2m | $1.9m | 0.17 |
| Q4 2025 | $6.5m | $632.3k | 0.10 |
Biggest buyers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.1m |
| Heitman Real Estate Securities LLC | New | +912.9k |
| CITADEL ADVISORS LLC | Added | +709.5k |
| MACKENZIE FINANCIAL CORP | New | +685.4k |
| TWO SIGMA INVESTMENTS, LP | Added | +637.3k |
| Lighthouse Investment Partners, LLC | New | +421.2k |
| MILLENNIUM MANAGEMENT LLC | Added | +394.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +380.4k |
| Gotham Asset Management, LLC | Added | +367.5k |
| HSBC HOLDINGS PLC | Added | +336.5k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -1.1m |
| GOLDMAN SACHS GROUP INC | Reduced | -629.3k |
| Balyasny Asset Management L.P. | Sold out | -570.9k |
| Alyeska Investment Group, L.P. | Sold out | -497.1k |
| CRAWFORD INVESTMENT COUNSEL INC | Reduced | -475.6k |
| JANUS HENDERSON GROUP PLC | Reduced | -436.8k |
| TUDOR INVESTMENT CORP ET AL | Sold out | -323.7k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Reduced | -288.7k |
| BANK OF MONTREAL /CAN/ | Reduced | -282.6k |
| PRUDENTIAL FINANCIAL INC | Reduced | -271.4k |
Biggest calls
| Jefferies Financial Group Inc. | New | $2.6m70.7k shares |
| JANE STREET GROUP, LLC | Reduced | $2.1m57.2k shares |
| CITADEL ADVISORS LLC | Reduced | $1.0m28.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $588.2k16.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $69.8k1.9k shares |
| GROUP ONE TRADING LLC | Added | $58.8k1.6k shares |
| Twin Tree Management, LP | Reduced | $7.4k200 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $599.2k16.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $29.4k800 shares |
| GROUP ONE TRADING LLC | Reduced | $3.7k100 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 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 | — | 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 | — |
| Q4 2025 | 0 | — | 1 | $509.3k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-11-05 | Chase Michael EVP AND CIO | Sold | $509.3k13.1k 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. 0.02% of their portfolio | 27.8m $1.0bn | Added +294.8k |
| VANGUARD GROUP INC 0.01% of their portfolio | 25.7m $945.6m | Reduced -122.4k |
| FMR LLC 0.03% of their portfolio | 13.6m $498.8m | Added +71.2k |
| STATE STREET CORP 0.01% of their portfolio | 9.2m $338.8m | Reduced -217.3k |
| NORGES BANK 0.03% of their portfolio | 8.0m $295.6m | Not comparable |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.8m $140.9m | Added +65.5k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.96% of their portfolio | 3.6m $133.2m | Reduced -288.7k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 3.6m $132.3m | Added +34.3k |
| EARNEST PARTNERS LLC 0.55% of their portfolio | 3.5m $128.1m | Reduced -162.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 3.4m $125.7m | Added +120.5k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.9m $105.5m | Added +37.9k |
| Boston Trust Walden Corp 0.78% of their portfolio | 2.8m $103.4m | Reduced -132.3k |
| Nuveen, LLC 0.03% of their portfolio | 2.6m $95.9m | Reduced -66.2k |
| Channing Capital Management, LLC 2.07% of their portfolio | 2.2m $80.5m | Added +4.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.9m $69.9m | Reduced -1.1m |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.63% of their portfolio | 1.7m $64.2m | Reduced -88.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.7m $64.1m | Reduced -65.6k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 1.7m $64.0m | Added +27.7k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.7m $61.8m | Reduced -28.9k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.57% of their portfolio | 1.5m $53.9m | Reduced -96.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4m $51.1m | Added +178.1k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 1.3m $49.0m | Added +709.5k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.3m $47.2m | Added +12.5k |
| SEGALL BRYANT & HAMILL, LLC 0.61% of their portfolio | 1.2m $45.3m | Reduced -35.9k |
| Invesco Ltd. 0.00% of their portfolio | 1.2m $43.4m | Reduced -21.8k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 1.2m $43.1m | Reduced -436.8k |
| GW&K Investment Management, LLC 0.37% of their portfolio | 1.2m $42.5m | Added +26.8k |
| Legal & General Group Plc 0.01% of their portfolio | 1.1m $41.5m | Added +57.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 1.1m $40.8m | Reduced -2.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.1m $40.4m | Added +1.1m |
| MORGAN STANLEY 0.00% of their portfolio | 1.1m $40.0m | Added +25.6k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 955.6k $35.1m | Reduced -7.6k |
| Heitman Real Estate Securities LLC 2.36% of their portfolio | 912.9k $33.6m | New |
| Woodline Partners LP 0.13% of their portfolio | 899.1k $33.1m | Reduced -135.6k |
| BESSEMER GROUP INC 0.05% of their portfolio | 834.7k $30.7m | Added +61.7k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 773.7k $28.4m | Added +637.3k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.15% of their portfolio | 760.1k $27.9m | Added +53.4k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 721.6k $26.5m | Added +394.0k |
| NATIXIS ADVISORS, LLC 0.04% of their portfolio | 691.0k $25.4m | Added +130.5k |
| MACKENZIE FINANCIAL CORP 0.03% of their portfolio | 685.4k $25.5m | New |
| Aristotle Capital Boston, LLC 1.37% of their portfolio | 677.5k $24.9m | Reduced -74.1k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 655.2k $24.1m | Added +336.5k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 648.0k $23.8m | Reduced -76.4k |
| Gotham Asset Management, LLC 0.09% of their portfolio | 636.3k $23.4m | Added +367.5k |
| UBS Group AG 0.00% of their portfolio | 621.1k $22.8m | Reduced -23.6k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.19% of their portfolio | 601.3k $22.1m | Reduced -98.9k |
| MILLER HOWARD INVESTMENTS INC /NY 0.66% of their portfolio | 594.1k $21.8m | Reduced -9.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 506.5k $18.6m | Added +380.4k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 505.1k $18.6m | Reduced -30.0k |
| Pacific Heights Asset Management LLC 0.69% of their portfolio | 500.0k $18.4m | Added +100.0k |
| State of Tennessee, Department of Treasury 0.06% of their portfolio | 477.8k $17.9m | Added +18.7k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 454.5k $16.7m | Added +96.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 453.0k $16.7m | Reduced -20.6k |
| Leeward Investments, LLC - MA 0.84% of their portfolio | 450.4k $16.6m | Reduced -2.5k |
| Lighthouse Investment Partners, LLC 0.52% of their portfolio | 421.2k $15.5m | New |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 410.4k $15.1m | Reduced -29.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 401.7k $14.8m | Reduced -13.0k |
| MetLife Investment Management, LLC 0.07% of their portfolio | 388.1k $14.3m | Reduced -55.9k |
| GLENMEDE TRUST CO NA 0.07% of their portfolio | 375.7k $13.8m | First filing |
| Swiss National Bank 0.01% of their portfolio | 368.1k $13.5m | Added +6.3k |
| California Public Employees Retirement System 0.01% of their portfolio | 364.5k $13.4m | Added +3.9k |
| Asset Management One Co., Ltd. 0.04% of their portfolio | 361.2k $13.4m | Reduced -26.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 356.9k $13.1m | Reduced -629.3k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 352.6k $13.0m | Reduced -430 |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 349.9k $12.9m | Reduced -138.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 349.3k $12.8m | Added +12.0k |
| BOKF, NA 0.20% of their portfolio | 346.9k $12.8m | Reduced -22.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.04% of their portfolio | 318.6k $11.7m | Reduced -9.7k |
| Susquehanna Portfolio Strategies, LLC 0.18% of their portfolio | 314.8k $11.6m | Added +10.2k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.07% of their portfolio | 305.5k $11.2m | Added +3.4k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 302.2k $11.1m | Added +284.6k |
| NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio | 288.0k $10.6m | Added +11.2k |
| Bayhunt Capital LLC 5.70% of their portfolio | 280.8k $10.3m | First filing |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 265.6k $9.8m | Reduced -54.5k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.17% of their portfolio | 250.9k $9.2m | Reduced -7.8k |
| Crestwood Advisors Group, LLC 0.15% of their portfolio | 247.1k $9.1m | Reduced -5.4k |
| CRAWFORD INVESTMENT COUNSEL INC 0.15% of their portfolio | 242.3k $8.9m | Reduced -475.6k |
| CITIGROUP INC 0.01% of their portfolio | 233.8k $8.6m | Added +72.7k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 232.5k $8.5m | Reduced -282.6k |
| Retirement Systems of Alabama 0.03% of their portfolio | 224.1k $8.2m | Reduced -1.6k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 214.8k $7.9m | Added +15.8k |
| CONGRESS ASSET MANAGEMENT CO 0.05% of their portfolio | 208.6k $7.7m | Added +5.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 206.2k $7.6m | Added +412 |
| Mizuho Markets Cayman LP 0.38% of their portfolio | 203.6k $7.5m | Added +8.4k |
| Motley Fool Wealth Management, LLC 0.54% of their portfolio | 187.7k $6.9m | Reduced -30.0k |
| State of New Jersey Common Pension Fund D 0.02% of their portfolio | 185.1k $6.8m | Reduced -3.9k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.07% of their portfolio | 184.8k $6.8m | Unchanged |
| Fisher Asset Management, LLC 0.00% of their portfolio | 183.2k $6.7m | Added +751 |
| Allianz Asset Management GmbH 0.01% of their portfolio | 178.4k $6.6m | Reduced -1.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 176.9k $6.5m | Added +8.1k |
| OPPENHEIMER & CO INC 0.08% of their portfolio | 159.1k $5.8m | Reduced -1.4k |
| FineMark National Bank & Trust 0.18% of their portfolio | 157.2k $5.8m | Added +752 |
| GABELLI FUNDS LLC 0.04% of their portfolio | 156.6k $5.8m | Added +2.0k |
| SG Americas Securities, LLC 0.01% of their portfolio | 155.7k $5.7m | Added +113.6k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 151.8k $5.6m | Added +3.4k |
| Edgestream Partners, L.P. 0.16% of their portfolio | 151.4k $5.6m | New |
| BARCLAYS PLC 0.00% of their portfolio | 151.1k $5.6m | Reduced -188.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 146.0k $5.4m | Added +5.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 143.8k $5.3m | Added +7.4k |
| PINEBRIDGE INVESTMENTS LLC 0.04% of their portfolio | 143.0k $5.3m | First filing |