SUN CMNTYS INC SUI
COM · REIT · CUSIP 866674104 · ISIN US8666741041
Real estate investment trust for RVs
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersSouthfield, MI
- Founded1975
- Websitesuncommunities.com
- 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 ($16.0m this quarter). Holder counts are more reliable. Shares outstanding: 124.4m as of 2023-07-20, 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 ≈ $130.59. Options: 10 managers hold calls ($34.2m notional), 8 hold puts ($36.4m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 508 |
| Q4 2022 | 509 |
| Q1 2023 | 506 |
| Q2 2023 | 504 |
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 2022 | 245 | 239 |
| Q1 2023 | 255 | 219 |
| Q2 2023 | 210 | 264 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $20.1m | $7.2m | 0.36 |
| Q4 2022 | $8.4m | $5.3m | 0.63 |
| Q1 2023 | $25.2m | $17.4m | 0.69 |
| Q2 2023 | $34.2m | $36.4m | 1.07 |
Biggest buyers
| COHEN & STEERS, INC. | Added | +3.7m |
| Daiwa Securities Group Inc. | Added | +769.7k |
| Balyasny Asset Management L.P. | New | +545.3k |
| D1 Capital Partners L.P. | New | +380.0k |
| Waratah Capital Advisors Ltd. | Added | +337.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +334.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +180.8k |
| Hunter Perkins Capital Management, LLC | Added | +138.1k |
| UBS Group AG | Added | +121.6k |
| Weiss Multi-Strategy Advisers LLC | New | +118.5k |
Biggest sellers
| FMR LLC | Reduced | -2.2m |
| Capital World Investors | Reduced | -1.7m |
| OFI INVEST ASSET MANAGEMENT | Reduced | -1.0m |
| JPMORGAN CHASE & CO | Reduced | -844.2k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -741.1k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -558.0k |
| Summit Wealth Group, LLC | Reduced | -543.7k |
| JANUS HENDERSON GROUP PLC | Reduced | -535.6k |
| STRS OHIO | Reduced | -401.1k |
| CITADEL ADVISORS LLC | Reduced | -370.5k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $9.0m68.8k shares |
| JPMORGAN CHASE & CO | New | $7.1m54.1k shares |
| Parallax Volatility Advisers, L.P. | New | $5.8m44.1k shares |
| CITADEL ADVISORS LLC | Added | $5.7m43.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.0m38.7k shares |
| WOLVERINE TRADING, LLC | Added | $1.0m8.0k shares |
| Walleye Trading LLC | New | $391.4k3.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $169.0k1.3k shares |
| GROUP ONE TRADING LLC | New | $26.1k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Caption Management, LLC | New | $24.7m189.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.2m62.7k shares |
| JANE STREET GROUP, LLC | Reduced | $1.8m13.6k shares |
| CITADEL ADVISORS LLC | Reduced | $834.9k6.4k shares |
| Walleye Trading LLC | New | $587.1k4.5k shares |
| WOLVERINE TRADING, LLC | New | $321.4k2.5k shares |
| GROUP ONE TRADING LLC | New | $13.0k100 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 |
|---|---|
| BlackRock, Inc. 13G · institution +4.2 pts · filed 2026-09-04 | 13.4% |
| COHEN & STEERS, INC. 13G · institution +1.7 pts · filed 2026-05-07 | 10.6% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 8.3% |
| DODGE & COX 13G · institution -3.4 pts · filed 2026-08-07 | 7.7% |
| 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), PRICE T ROWE ASSOCIATES INC /MD/ (4.5%, 2026-02-17), NORGES BANK (4.9%, 2026-01-28)
Insider purchases and sales in Q2 2023
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 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $579 | — |
| Q1 2022 | 0 | — | 2 | $633.6k | — |
| Q2 2022 | 0 | — | 2 | $2.7m | — |
| Q3 2022 | 0 | — | 1 | $1.1m | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 1 | $222.8k | — |
| Q2 2023 | 1 | $50.5k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-05-25 | Underwood Baxter CEO - Safe Harbor Marinas, LLC | Bought | $50.5k400 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 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 17.5m $2.3bn | Reduced -323.0k |
| COHEN & STEERS, INC. 3.48% of their portfolio | 12.7m $1.7bn | Added +3.7m |
| BlackRock Inc. 0.04% of their portfolio | 11.0m $1.4bn | Added +89.4k |
| STATE STREET CORP 0.04% of their portfolio | 5.9m $773.1m | Added +5.0k |
| JPMORGAN CHASE & CO 0.08% of their portfolio | 5.5m $714.0m | Reduced -844.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.40% of their portfolio | 4.4m $579.1m | Reduced -53.4k |
| Invesco Ltd. 0.09% of their portfolio | 2.6m $340.5m | Reduced -40.1k |
| Daiwa Securities Group Inc. 2.12% of their portfolio | 2.5m $320.5m | Added +769.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.10% of their portfolio | 2.3m $299.6m | Added +180.8k |
| NORGES BANK 0.06% of their portfolio | 2.3m $298.9m | Added +24.8k |
| FMR LLC 0.02% of their portfolio | 2.2m $283.1m | Reduced -2.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 2.1m $272.5m | Added +48.9k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.82% of their portfolio | 1.8m $240.3m | Reduced -10.2k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 1.7m $227.6m | Added +21.1k |
| Nuveen Asset Management, LLC 0.07% of their portfolio | 1.5m $195.3m | Reduced -122.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 1.4m $185.8m | Reduced -741.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.27% of their portfolio | 1.3m $175.9m | Unchanged |
| Legal & General Group Plc 0.06% of their portfolio | 1.3m $173.9m | Added +8.2k |
| AMERICAN CENTURY COMPANIES INC 0.13% of their portfolio | 1.3m $172.2m | Reduced -300.4k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 2.91% of their portfolio | 1.2m $162.8m | Added +51.4k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.79% of their portfolio | 1.1m $147.4m | Added +29.9k |
| MORGAN STANLEY 0.01% of their portfolio | 1.1m $140.8m | Reduced -172.9k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 1.0m $135.3m | Reduced -223.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 1.0m $145.4m | Unchanged |
| Capital World Investors 0.03% of their portfolio | 1.0m $132.3m | Reduced -1.7m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 1.0m $131.2m | Added +15.3k |
| CITADEL ADVISORS LLC 0.14% of their portfolio | 964.2k $125.8m | Reduced -370.5k |
| Echo Street Capital Management LLC 1.06% of their portfolio | 947.2k $123.6m | Reduced -168.5k |
| PRUDENTIAL FINANCIAL INC 0.16% of their portfolio | 839.0k $109.5m | Added +19.1k |
| Waratah Capital Advisors Ltd. 5.40% of their portfolio | 821.3k $107.1m | Added +337.1k |
| AEW CAPITAL MANAGEMENT L P 3.86% of their portfolio | 768.7k $100.3m | Reduced -6.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 727.1k $94.9m | Added +334.1k |
| CONGRESS ASSET MANAGEMENT CO 0.76% of their portfolio | 671.7k $87.6m | Reduced -4.0k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 576.4k $75.2m | Reduced -16.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 576.2k $75.2m | Reduced -74.6k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.47% of their portfolio | 563.7k $73.5m | Added +57.4k |
| SEI INVESTMENTS CO 0.12% of their portfolio | 547.8k $71.5m | Added +90.2k |
| Balyasny Asset Management L.P. 0.20% of their portfolio | 545.3k $71.1m | New |
| Russell Investments Group, Ltd. 0.13% of their portfolio | 511.8k $66.7m | Added +72.2k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 485.9k $63.4m | Reduced -558.0k |
| ANCHOR CAPITAL ADVISORS LLC 1.53% of their portfolio | 453.2k $59.1m | Reduced -23.3k |
| Swiss National Bank 0.04% of their portfolio | 449.3k $58.6m | Reduced -42.5k |
| GW&K Investment Management, LLC 0.55% of their portfolio | 442.0k $57.7m | Reduced -5.3k |
| Heitman Real Estate Securities LLC 3.17% of their portfolio | 441.6k $57.6m | Reduced -170.3k |
| Allspring Global Investments Holdings, LLC 0.09% of their portfolio | 433.8k $56.6m | Added +9.4k |
| APG Asset Management US Inc. 0.45% of their portfolio | 431.2k $56.3m | Reduced -101.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 431.0k $56.2m | Reduced -44.8k |
| Vision Capital Corp 29.83% of their portfolio | 398.8k $52.0m | Added +100.0k |
| D1 Capital Partners L.P. 0.95% of their portfolio | 380.0k $49.6m | New |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.07% of their portfolio | 372.7k $48.6m | Reduced -40.6k |
| Ranger Global Real Estate Advisors, LLC 7.84% of their portfolio | 367.0k $47.9m | Reduced -91.1k |
| MARSHALL WACE, LLP 0.10% of their portfolio | 366.4k $47.8m | Added +76.8k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 363.3k $47.4m | Reduced -2.1k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 363.0k $47.4m | Reduced -7.9k |
| CI INVESTMENTS INC. 0.24% of their portfolio | 361.3k $47.1m | Reduced -5.0k |
| Amundi 0.02% of their portfolio | 317.7k $41.9m | Added +56.0k |
| UBS Group AG 0.02% of their portfolio | 309.2k $40.3m | Added +121.6k |
| Brookfield Corp /ON/ 0.16% of their portfolio | 303.6k $39.6m | Reduced -89.0k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 297.7k $38.8m | Reduced -13.8k |
| Asset Management One Co., Ltd. 0.16% of their portfolio | 289.4k $37.8m | Added +9.2k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 288.6k $37.7m | Reduced -83.4k |
| Hunter Perkins Capital Management, LLC 4.67% of their portfolio | 283.5k $39.1m | Added +138.1k |
| Clearbridge Investments, LLC 0.03% of their portfolio | 270.8k $35.3m | Reduced -2.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 264.7k $34.5m | Added +19.9k |
| NZS Capital, LLC 1.72% of their portfolio | 263.6k $34.4m | Reduced -23.4k |
| Walleye Capital LLC 0.60% of their portfolio | 261.8k $34.2m | Reduced -14.0k |
| STRS OHIO 0.14% of their portfolio | 257.4k $33.6m | Reduced -401.1k |
| Hazelview Securities Inc. 5.17% of their portfolio | 255.5k $33.5m | First filing |
| Land & Buildings Investment Management, LLC 6.81% of their portfolio | 248.0k $32.3m | Added +117.3k |
| State of New Jersey Common Pension Fund D 0.11% of their portfolio | 247.4k $32.3m | Added +5.0k |
| NFJ INVESTMENT GROUP, LLC 0.84% of their portfolio | 243.2k $31.7m | Added +26.5k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 238.7k $31.1m | Reduced -16.1k |
| California Public Employees Retirement System 0.03% of their portfolio | 231.3k $30.2m | Reduced -11.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.12% of their portfolio | 220.9k $28.8m | Reduced -5.4k |
| AXA S.A. 0.09% of their portfolio | 218.3k $28.5m | Added +14.1k |
| Allianz Asset Management GmbH 0.05% of their portfolio | 204.8k $26.7m | Reduced -64.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 199.4k $26.0m | Reduced -4.2k |
| National Pension Service 0.04% of their portfolio | 182.4k $23.5m | Added +13.4k |
| NOMURA ASSET MANAGEMENT CO LTD 0.11% of their portfolio | 181.8k $23.7m | Added +3.5k |
| WHITTIER TRUST CO 0.40% of their portfolio | 177.3k $23.1m | Added +5.3k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 174.7k $20.7m | Reduced -16.0k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 170.7k $22.3m | Added +14.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 170.0k $22.2m | Reduced -145.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 164.7k $21.5m | Added +3.6k |
| NATIXIS ADVISORS, LLC 0.07% of their portfolio | 162.1k $21.1m | Reduced -422 |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 158.2k $20.6m | Added +42.5k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 154.0k $20.1m | Reduced -6.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 152.0k $19.8m | Added +769 |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 149.9k $19.6m | Added +1.7k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 147.4k $19.2m | Added +52.5k |
| SW Investment Management LLC 6.77% of their portfolio | 140.0k $18.3m | Unchanged |
| Presima Securities ULC 4.83% of their portfolio | 135.1k $17.6m | Added +200 |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.31% of their portfolio | 134.0k $17.5m | Added +1.4k |
| Korea Investment CORP 0.05% of their portfolio | 131.9k $17.2m | Reduced -48.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 123.8k $16.1m | Reduced -2.2k |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 121.9k $15.9m | Reduced -22.6k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 119.9k $15.6m | Added +13.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 118.7k $15.5m | Added +7.0k |
| Corient Private Wealth LP 0.04% of their portfolio | 118.6k $15.5m | Added +4.7k |
| Weiss Multi-Strategy Advisers LLC 0.33% of their portfolio | 118.5k $15.5m | New |