SUNSTONE HOTEL INVS INC NEW SHO
COM · REIT · CUSIP 867892101
- SectorConsumer discretionary
- IndustryHotels & Motels
- HeadquartersAliso Viejo, CA
- 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 ($336.9k this quarter). Holder counts are more reliable. Shares outstanding: 205.4m as of 2023-11-01, 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 ≈ $9.35. Options: 5 managers hold calls ($150.5k notional), 3 hold puts ($233.8k).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 238 |
| Q4 2022 | 238 |
| Q1 2023 | 220 |
| Q2 2023 | 228 |
| Q3 2023 | 232 |
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 | 107 | 120 |
| Q1 2023 | 103 | 122 |
| Q2 2023 | 106 | 115 |
| Q3 2023 | 110 | 115 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $122.7k | $45.1k | 0.37 |
| Q1 2023 | $439.7k | $2.0k | 0.00 |
| Q2 2023 | $1.0m | $405.7k | 0.40 |
| Q3 2023 | $150.5k | $233.8k | 1.55 |
Biggest buyers
| RUSH ISLAND MANAGEMENT, LP | Added | +2.2m |
| GOLDMAN SACHS GROUP INC | Added | +2.0m |
| H/2 CREDIT MANAGER LP | Added | +1.4m |
| MORGAN STANLEY | Added | +835.5k |
| Balyasny Asset Management L.P. | Added | +834.8k |
| JPMORGAN CHASE & CO | Added | +821.0k |
| MILLENNIUM MANAGEMENT LLC | Added | +761.9k |
| BANK OF AMERICA CORP /DE/ | Added | +443.0k |
| Edgestream Partners, L.P. | Added | +366.3k |
| SG Americas Securities, LLC | Added | +350.8k |
Biggest sellers
| FMR LLC | Reduced | -3.7m |
| FRANKLIN RESOURCES INC | Reduced | -2.5m |
| KENNEDY CAPITAL MANAGEMENT LLC | Sold out | -1.5m |
| CITADEL ADVISORS LLC | Reduced | -1.4m |
| JANUS HENDERSON GROUP PLC | Reduced | -1.4m |
| BlackRock Inc. | Reduced | -860.3k |
| Waterfront Capital Partners, LLC | Sold out | -835.9k |
| Point72 Asset Management, L.P. | Sold out | -788.8k |
| Vision Capital Corp | Sold out | -751.8k |
| HEARTLAND ADVISORS INC | Reduced | -450.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $110.3k11.8k shares |
| CITADEL ADVISORS LLC | Reduced | $21.5k2.3k shares |
| GROUP ONE TRADING LLC | New | $18.7k2.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
| SIMPLEX TRADING, LLC | New | $0200 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $229.1k24.5k shares |
| CITADEL ADVISORS LLC | Added | $4.7k500 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 filed 2025-07-17 | 17.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-02-05 | 10.2% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.3% |
Fell to 5% or below in the last year: BANK OF AMERICA CORP /DE/ (3.4%, 2026-08-06), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q3 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 |
|---|---|---|---|---|---|
| Q4 2021 | 1 | $115.1k | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 1 | $12 | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
None reported in Q3 2023.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 38.0m $355.4m | Reduced -860.3k |
| VANGUARD GROUP INC 0.01% of their portfolio | 33.0m $308.4m | Reduced -213.2k |
| STATE STREET CORP 0.01% of their portfolio | 13.6m $128.0m | Reduced -109.6k |
| RUSH ISLAND MANAGEMENT, LP 8.04% of their portfolio | 9.6m $89.6m | Added +2.2m |
| Blackstone Inc. 0.35% of their portfolio | 8.6m $80.8m | Unchanged |
| FRANKLIN RESOURCES INC 0.04% of their portfolio | 7.8m $72.7m | Reduced -2.5m |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 7.7m $71.6m | Reduced -237.6k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.95% of their portfolio | 5.1m $47.4m | Added +173.9k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 4.7m $44.3m | Added +821.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.7m $43.8m | Added +168.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 4.1m $38.2m | Reduced -137.2k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 4.0m $37.2m | Added +2.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.8m $35.7m | Added +101.8k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 3.6m $33.6m | Reduced -94.4k |
| WESTWOOD HOLDINGS GROUP INC 0.28% of their portfolio | 3.2m $30.2m | Added +234.5k |
| Legal & General Group Plc 0.01% of their portfolio | 3.2m $29.8m | Reduced -183.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 3.0m $28.5m | Added +26.8k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 3.0m $28.1m | Added +17.6k |
| H/2 CREDIT MANAGER LP 6.70% of their portfolio | 2.6m $24.2m | Added +1.4m |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 2.5m $23.2m | Added +55.3k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 2.5m $23.1m | Reduced -163.8k |
| MORGAN STANLEY 0.00% of their portfolio | 2.2m $20.9m | Added +835.5k |
| Fisher Asset Management, LLC 0.01% of their portfolio | 2.2m $20.2m | Reduced -52.6k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 1.8m $16.8m | Reduced -159.5k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 1.8m $16.4m | Added +43.6k |
| AltraVue Capital, LLC 1.74% of their portfolio | 1.6m $14.6m | Unchanged |
| Tarsadia Capital, LLC 75.39% of their portfolio | 1.5m $14.5m | Not comparable |
| NORGES BANK 0.00% of their portfolio | 1.5m $13.9m | Reduced -211.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.3m $12.2m | Added +25.7k |
| Tributary Capital Management, LLC 1.06% of their portfolio | 1.2m $11.2m | Added +14.0k |
| PANAGORA ASSET MANAGEMENT INC 0.06% of their portfolio | 1.1m $10.0m | Added +171.2k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.06% of their portfolio | 1.1m $10.0m | Reduced -79.9k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.1m $9.8m | Added +761.9k |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 936.1k $8.8m | Added +834.8k |
| Davis Selected Advisers 0.05% of their portfolio | 843.3k $7.9m | Added +7.1k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.14% of their portfolio | 838.6k $7.8m | Reduced -247.6k |
| HEARTLAND ADVISORS INC 0.41% of their portfolio | 787.4k $7.4m | Reduced -450.3k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 730.8k $6.8m | Reduced -5.9k |
| Invesco Ltd. 0.00% of their portfolio | 671.2k $6.3m | Added +16.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.03% of their portfolio | 651.7k $6.1m | Added +52.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 626.6k $5.9m | Added +443.0k |
| Brandywine Global Investment Management, LLC 0.05% of their portfolio | 605.5k $5.7m | Reduced -24.9k |
| Edgestream Partners, L.P. 0.38% of their portfolio | 505.9k $4.7m | Added +366.3k |
| TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio | 489.6k $4.6m | Added +247.1k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 458.2k $4.3m | Added +11.5k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 443.5k $4.1m | Reduced -17.5k |
| Swiss National Bank 0.00% of their portfolio | 432.5k $4.0m | Added +1.8k |
| Lighthouse Investment Partners, LLC 0.22% of their portfolio | 400.0k $3.7m | Reduced -50.0k |
| FMR LLC 0.00% of their portfolio | 375.9k $3.5m | Reduced -3.7m |
| SG Americas Securities, LLC 0.05% of their portfolio | 373.1k $3.5m | Added +350.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 360.0k $3.4m | Added +55 |
| Vident Advisory, LLC 0.10% of their portfolio | 351.2k $3.3m | First filing |
| Asset Management One Co., Ltd. 0.01% of their portfolio | 346.4k $3.2m | Reduced -14.0k |
| Index Fund Advisors, Inc. 0.21% of their portfolio | 343.9k $3.2m | Added +1.7k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio | 328.4k $3.1m | Added +4.2k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 325.6k $3.0m | Added +106.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 319.3k $3.0m | Reduced -50 |
| Legato Capital Management LLC 0.42% of their portfolio | 308.4k $2.9m | Unchanged |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 303.6k $2.8m | Added +22.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 300.3k $2.8m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 289.8k $2.7m | Reduced -2.9k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 276.1k $2.6m | Added +33.3k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 256.1k $2.4m | Reduced -111.5k |
| South Dakota Investment Council 0.05% of their portfolio | 256.0k $2.4m | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 248.5k $2.3m | Reduced -188.8k |
| NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio | 238.7k $2.2m | Added +3.8k |
| PUTNAM INVESTMENTS LLC 0.00% of their portfolio | 233.9k $2.2m | Added +51.5k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 228.2k $2.1m | Added +186.6k |
| State of Alaska, Department of Revenue 0.03% of their portfolio | 228.0k $2.1m | Reduced -5.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 223.1k $2.1m | Reduced -17.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 219.9k $2.1m | Reduced -23.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 210.9k $2.0m | Added +54.3k |
| HANTZ FINANCIAL SERVICES, INC. 0.05% of their portfolio | 207.9k $1.9m | Reduced -55.9k |
| CITIGROUP INC 0.00% of their portfolio | 200.3k $1.9m | Reduced -99.4k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 198.7k $1.9m | Reduced -362 |
| Employees Retirement System of Texas 0.03% of their portfolio | 190.0k $1.8m | Added +80.0k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 189.5k $1.8m | Reduced -185.6k |
| Amundi 0.00% of their portfolio | 187.6k $1.8m | Reduced -922 |
| TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio | 183.9k $1.7m | Added +1.6k |
| Elequin Capital, LP 0.32% of their portfolio | 177.4k $1.7m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 162.4k $1.5m | Reduced -89.8k |
| WESTPAC BANKING CORP 0.10% of their portfolio | 144.7k $1.4m | Reduced -1.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 142.0k $1.3m | Reduced -49.6k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio | 138.5k $1.3m | Reduced -95.6k |
| MARTINGALE ASSET MANAGEMENT L P 0.03% of their portfolio | 135.1k $1.3m | Added +4.4k |
| Heitman Real Estate Securities LLC 0.08% of their portfolio | 134.5k $1.3m | Added +17.3k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 130.5k $1.2m | Added +3.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 124.3k $1.2m | Added +425 |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 122.9k $1.1m | Reduced -1.3k |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 119.1k $1.1m | New |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 117.7k $1.1m | Added +70.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 117.1k $1.1m | Unchanged |
| AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio | 114.3k $1.1m | Added +2.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 111.9k $1.0m | Added +50.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 110.8k $1.0m | Added +14.0k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 110.2k $1.0m | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 106.4k $994.7k | Reduced -145.1k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 106.2k $993.4k | Reduced -10.4k |
| Louisiana State Employees Retirement System 0.02% of their portfolio | 105.4k $985.5k | Reduced -3.3k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 97.5k $912.0k | Reduced -532 |