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 ($5.7m this quarter). Holder counts are more reliable. Shares outstanding: 124.7m as of 2024-07-25, 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 ≈ $120.34. Options: 8 managers hold calls ($33.4m notional), 5 hold puts ($7.7m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 508 |
| Q4 2022 | 509 |
| Q1 2023 | 506 |
| Q2 2023 | 504 |
| Q3 2023 | 500 |
| Q4 2023 | 529 |
| Q1 2024 | 501 |
| Q2 2024 | 508 |
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 |
| Q3 2023 | 254 | 223 |
| Q4 2023 | 253 | 245 |
| Q1 2024 | 217 | 275 |
| Q2 2024 | 219 | 267 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $12.1m | $11.8m | 0.97 |
| Q4 2023 | $66.6m | $13.7m | 0.21 |
| Q1 2024 | $7.6m | $4.2m | 0.55 |
| Q2 2024 | $33.4m | $7.7m | 0.23 |
Biggest buyers
| NORGES BANK | Added | +1.7m |
| COHEN & STEERS, INC. | Added | +933.6k |
| PGGM Investments | Added | +767.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +443.7k |
| Daiwa Securities Group Inc. | Added | +424.8k |
| HSBC HOLDINGS PLC | Added | +238.5k |
| Alyeska Investment Group, L.P. | New | +217.0k |
| SW Investment Management LLC | Added | +200.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | New | +180.0k |
| VANGUARD GROUP INC | Added | +173.1k |
Biggest sellers
| MORGAN STANLEY | Reduced | -2.0m |
| JPMORGAN CHASE & CO | Reduced | -1.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -1.1m |
| Heitman Real Estate Securities LLC | Sold out | -356.5k |
| NZS Capital, LLC | Sold out | -353.0k |
| Waterfront Capital Partners, LLC | Sold out | -325.9k |
| PRUDENTIAL FINANCIAL INC | Reduced | -323.4k |
| Balyasny Asset Management L.P. | Reduced | -309.8k |
| AEW CAPITAL MANAGEMENT L P | Reduced | -305.0k |
| Amundi | Reduced | -296.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $10.7m89.3k shares |
| CITIGROUP INC | New | $7.9m65.6k shares |
| UBS Group AG | New | $6.8m56.5k shares |
| CITADEL ADVISORS LLC | Added | $3.8m31.8k shares |
| JANE STREET GROUP, LLC | New | $1.6m12.9k shares |
| WOLVERINE TRADING, LLC | New | $1.4m11.9k shares |
| SIMPLEX TRADING, LLC | Added | $1.2m9.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $3.5m28.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.3m19.3k shares |
| Genus Capital Management Inc. | New | $1.9m15.4k shares |
| SIMPLEX TRADING, LLC | New | $12.0k100 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 2024
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 2022 | 0 | — | 1 | $1.1m | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 1 | $222.8k | — |
| Q2 2023 | 1 | $50.5k | 0 | — | — |
| Q3 2023 | 1 | $66.5k | 1 | $614.8k | — |
| Q4 2023 | 0 | — | 1 | $258.0k | — |
| Q1 2024 | 0 | — | 3 | $912.5k | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.04% of their portfolio | 17.7m $2.1bn | Added +173.1k |
| COHEN & STEERS, INC. 2.87% of their portfolio | 11.4m $1.4bn | Added +933.6k |
| BlackRock Inc. 0.03% of their portfolio | 11.2m $1.3bn | Reduced -100.9k |
| NORGES BANK 0.12% of their portfolio | 6.7m $802.5m | Added +1.7m |
| Dodge & Cox 0.40% of their portfolio | 5.6m $671.1m | Added +158.1k |
| STATE STREET CORP 0.03% of their portfolio | 5.2m $634.9m | Reduced -37.5k |
| FMR LLC 0.03% of their portfolio | 3.8m $457.7m | Reduced -23.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 3.7m $450.9m | Added +443.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.25% of their portfolio | 3.5m $420.3m | Reduced -173.0k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 3.3m $391.2m | Reduced -1.3m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.11% of their portfolio | 2.9m $355.0m | Added +111.6k |
| Daiwa Securities Group Inc. 1.41% of their portfolio | 2.2m $264.3m | Added +424.8k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.81% of their portfolio | 2.2m $259.8m | Reduced -12.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 2.1m $258.2m | Reduced -143.4k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 1.8m $214.8m | Added +10.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.17% of their portfolio | 1.4m $171.1m | Reduced -626 |
| PGGM Investments 2.15% of their portfolio | 1.2m $150.0m | Added +767.1k |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 1.2m $143.6m | Reduced -60.4k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 2.58% of their portfolio | 1.2m $141.1m | Added +173.1k |
| Legal & General Group Plc 0.04% of their portfolio | 1.2m $140.6m | Reduced -140.0k |
| MORGAN STANLEY 0.01% of their portfolio | 1.1m $132.4m | Reduced -2.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.1m $129.0m | Added +474 |
| Russell Investments Group, Ltd. 0.18% of their portfolio | 938.4k $112.9m | Reduced -255.1k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 819.3k $98.6m | Added +24.7k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 761.0k $91.6m | Reduced -257.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 702.8k $84.6m | Added +44.7k |
| Invesco Ltd. 0.02% of their portfolio | 678.1k $81.6m | Reduced -186.7k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.02% of their portfolio | 663.0k $79.8m | Reduced -60.2k |
| Waratah Capital Advisors Ltd. 4.76% of their portfolio | 653.2k $78.6m | Reduced -188.6k |
| Resolution Capital Ltd 1.43% of their portfolio | 633.7k $76.3m | Reduced -148.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 624.0k $75.1m | Reduced -199.4k |
| SEI INVESTMENTS CO 0.10% of their portfolio | 614.4k $73.9m | Reduced -59.7k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.36% of their portfolio | 604.5k $72.7m | Added +448 |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.08% of their portfolio | 572.2k $68.9m | Added +12.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 534.2k $64.3m | Reduced -75.6k |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 531.2k $63.9m | Reduced -14.6k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 528.4k $63.6m | Added +5.3k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 456.8k $55.0m | Reduced -56.1k |
| APG Asset Management US Inc. 0.31% of their portfolio | 454.0k $53.9m | Added +25.0k |
| Allspring Global Investments Holdings, LLC 0.09% of their portfolio | 449.4k $54.1m | Reduced -20.0k |
| ANCHOR CAPITAL ADVISORS LLC 1.48% of their portfolio | 438.8k $52.8m | Reduced -7.6k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 2.26% of their portfolio | 437.9k $52.7m | Added +100.6k |
| GW&K Investment Management, LLC 0.46% of their portfolio | 415.0k $49.9m | Added +9.2k |
| SW Investment Management LLC 8.01% of their portfolio | 400.0k $48.1m | Added +200.0k |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 397.3k $47.8m | Added +82.9k |
| AXA S.A. 0.07% of their portfolio | 374.8k $45.1m | Added +77.5k |
| Vision Capital Corp 14.60% of their portfolio | 373.8k $45.0m | Unchanged |
| Ceredex Value Advisors LLC 0.85% of their portfolio | 373.0k $45.2m | Added +36.1k |
| Swiss National Bank 0.03% of their portfolio | 368.3k $44.3m | Reduced -4.5k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 358.3k $42.8m | Added +238.5k |
| CI INVESTMENTS INC. 0.15% of their portfolio | 312.8k $37.6m | Reduced -11.3k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 297.6k $35.8m | Added +9.3k |
| PRUDENTIAL FINANCIAL INC 0.05% of their portfolio | 296.9k $35.7m | Reduced -323.4k |
| CRAMER ROSENTHAL MCGLYNN LLC 2.00% of their portfolio | 283.7k $34.1m | Reduced -12.2k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 282.4k $34.0m | Reduced -27.8k |
| STRS OHIO 0.13% of their portfolio | 268.3k $32.3m | Reduced -19.0k |
| Land & Buildings Investment Management, LLC 7.32% of their portfolio | 258.1k $31.1m | Reduced -8.8k |
| MARSHALL WACE, LLP 0.04% of their portfolio | 255.1k $30.7m | Reduced -54.2k |
| Clearbridge Investments, LLC 0.02% of their portfolio | 249.4k $30.0m | Reduced -45.8k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 246.0k $29.6m | Reduced -14.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 242.3k $29.2m | Reduced -39.5k |
| PRIVATE MANAGEMENT GROUP INC 1.09% of their portfolio | 234.8k $28.3m | Added +3.2k |
| Asset Management One Co., Ltd. 0.11% of their portfolio | 232.9k $28.0m | Reduced -2.1k |
| California Public Employees Retirement System 0.02% of their portfolio | 226.8k $27.3m | Added +9.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.10% of their portfolio | 223.5k $26.9m | Reduced -1.2k |
| NFJ INVESTMENT GROUP, LLC 0.82% of their portfolio | 220.7k $26.6m | Reduced -7.9k |
| Balyasny Asset Management L.P. 0.07% of their portfolio | 217.7k $26.2m | Reduced -309.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 217.3k $26.2m | Reduced -15.8k |
| Alyeska Investment Group, L.P. 0.15% of their portfolio | 217.0k $26.1m | New |
| Ranger Global Real Estate Advisors, LLC 10.35% of their portfolio | 215.6k $26.0m | Added +20.5k |
| National Pension Service 0.03% of their portfolio | 214.0k $25.8m | Added +15.8k |
| Adelante Capital Management LLC 1.98% of their portfolio | 208.1k $25.0m | Reduced -64.1k |
| WHITTIER TRUST CO 0.35% of their portfolio | 205.8k $24.8m | Added +7.1k |
| NOMURA ASSET MANAGEMENT CO LTD 0.08% of their portfolio | 201.0k $24.2m | Added +7.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 194.1k $23.4m | Reduced -1.9k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 187.2k $22.5m | Added +10.4k |
| AEW CAPITAL MANAGEMENT L P 1.08% of their portfolio | 185.5k $22.3m | Reduced -305.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 180.0k $21.7m | New |
| DigitalBridge Group, Inc. 1.88% of their portfolio | 176.4k $21.2m | Added +78.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.05% of their portfolio | 168.6k $20.3m | Reduced -15.3k |
| State of New Jersey Common Pension Fund D 0.09% of their portfolio | 167.4k $20.1m | Reduced -79.5k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 162.8k $19.6m | Reduced -3.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 158.4k $19.1m | Added +15.2k |
| BARCLAYS PLC 0.01% of their portfolio | 157.7k $19.0m | Added +30.2k |
| Amundi 0.01% of their portfolio | 157.0k $18.5m | Reduced -296.3k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.20% of their portfolio | 146.0k $17.6m | Added +3.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 145.5k $17.5m | Added +78.1k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 140.6k $16.9m | Reduced -8.4k |
| CHILTON CAPITAL MANAGEMENT LLC 0.76% of their portfolio | 139.5k $16.9m | Reduced -1.3k |
| FIL Ltd 0.02% of their portfolio | 136.1k $16.4m | Added +87.9k |
| Presima Securities ULC 3.54% of their portfolio | 132.4k $15.9m | Reduced -38.3k |
| UBS Group AG 0.00% of their portfolio | 132.2k $15.9m | Reduced -211.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 130.7k $15.7m | Reduced -20.6k |
| Poplar Forest Capital LLC 2.05% of their portfolio | 122.1k $14.7m | Added +63.1k |
| Hazelview Securities Inc. 2.63% of their portfolio | 118.3k $13.9m | Reduced -12.2k |
| DekaBank Deutsche Girozentrale 0.02% of their portfolio | 116.0k $13.8m | Added +6.2k |
| Hunter Perkins Capital Management, LLC 2.90% of their portfolio | 114.1k $13.8m | Reduced -3.4k |
| CITIGROUP INC 0.01% of their portfolio | 114.1k $13.7m | Reduced -7.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 114.0k $13.7m | Reduced -1.1m |
| MANNING & NAPIER ADVISORS LLC 0.15% of their portfolio | 109.4k $13.2m | First filing |