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 ($6.3m this quarter). Holder counts are more reliable. Shares outstanding: 203.3m as of 2024-08-01, 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 ≈ $10.42. Options: 3 managers hold calls ($224.9k notional), 3 hold puts ($40.1k).
Trends to Q2 2024
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 |
| Q4 2023 | 233 |
| Q1 2024 | 240 |
| Q2 2024 | 242 |
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 |
| Q4 2023 | 113 | 115 |
| Q1 2024 | 113 | 119 |
| Q2 2024 | 126 | 114 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $150.5k | $233.8k | 1.55 |
| Q4 2023 | $645.2k | $246.8k | 0.38 |
| Q1 2024 | $572.3k | $28.3k | 0.05 |
| Q2 2024 | $224.9k | $40.1k | 0.18 |
Biggest buyers
| ADAGE CAPITAL PARTNERS GP, L.L.C. | New | +1.9m |
| CITADEL ADVISORS LLC | Added | +1.8m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.4m |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | New | +1.0m |
| Sumitomo Mitsui Trust Group, Inc. | Added | +1.0m |
| GOLDMAN SACHS GROUP INC | Added | +804.9k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Added | +795.9k |
| ExodusPoint Capital Management, LP | New | +733.0k |
| Invesco Ltd. | Added | +565.0k |
| MACQUARIE GROUP LTD | Added | +429.2k |
Biggest sellers
| MORGAN STANLEY | Reduced | -4.7m |
| Balyasny Asset Management L.P. | Reduced | -1.6m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -981.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -755.1k |
| VANGUARD GROUP INC | Reduced | -675.7k |
| FRANKLIN RESOURCES INC | Reduced | -652.7k |
| MARSHALL WACE, LLP | Reduced | -634.1k |
| Tarsadia Capital, LLC | Reduced | -569.2k |
| JPMORGAN CHASE & CO | Reduced | -558.1k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | Reduced | -505.1k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $218.6k20.9k shares |
| GROUP ONE TRADING LLC | Reduced | $6.3k600 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $25.1k2.4k shares |
| SIMPLEX TRADING, LLC | Unchanged | $15.0k1.5k 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 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.
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 37.3m $390.4m | Reduced -501.8k |
| VANGUARD GROUP INC 0.01% of their portfolio | 31.7m $331.1m | Reduced -675.7k |
| STATE STREET CORP 0.01% of their portfolio | 12.0m $126.9m | Reduced -429.4k |
| RUSH ISLAND MANAGEMENT, LP 8.29% of their portfolio | 9.7m $101.1m | Added +226.7k |
| Blackstone Inc. 0.40% of their portfolio | 8.6m $90.4m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 7.3m $76.3m | Reduced -558.1k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 5.7m $60.1m | Reduced -652.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 5.1m $53.8m | Added +164.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 4.0m $41.5m | Added +177 |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.70% of their portfolio | 3.6m $38.0m | Added +795.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 3.3m $35.0m | Reduced -118.8k |
| Legal & General Group Plc 0.01% of their portfolio | 3.3m $34.6m | Reduced -27.0k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 3.1m $32.9m | Added +1.8m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.8m $29.6m | Reduced -6.3k |
| WESTWOOD HOLDINGS GROUP INC 0.14% of their portfolio | 2.8m $29.5m | Added +51.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 2.7m $27.7m | Added +25.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 2.6m $27.2m | Reduced -64.5k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 2.4m $25.1m | Reduced -4.6k |
| H/2 CREDIT MANAGER LP 6.16% of their portfolio | 2.2m $22.9m | Unchanged |
| Tarsadia Capital, LLC 99.74% of their portfolio | 2.1m $22.5m | Reduced -569.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.0m $21.3m | Added +804.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 1.9m $20.4m | New |
| Fisher Asset Management, LLC 0.01% of their portfolio | 1.8m $18.9m | Added +164.3k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.8m $18.5m | Added +1.4m |
| MACQUARIE GROUP LTD 0.02% of their portfolio | 1.8m $18.5m | Added +429.2k |
| Invesco Ltd. 0.00% of their portfolio | 1.8m $18.4m | Added +565.0k |
| MORGAN STANLEY 0.00% of their portfolio | 1.8m $18.3m | Reduced -4.7m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.7m $17.4m | Reduced -475.5k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 1.6m $17.1m | Reduced -294.5k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 1.6m $16.6m | Added +90.8k |
| AltraVue Capital, LLC 1.59% of their portfolio | 1.5m $16.0m | Reduced -19.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 1.4m $14.3m | Added +1.0m |
| Tributary Capital Management, LLC 1.16% of their portfolio | 1.3m $13.9m | Added +3.7k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 1.3m $13.2m | Reduced -1.6m |
| PANAGORA ASSET MANAGEMENT INC 0.06% of their portfolio | 1.2m $12.6m | Added +148.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.2m $12.2m | Reduced -68.5k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 0.47% of their portfolio | 1.0m $10.9m | New |
| NORGES BANK 0.00% of their portfolio | 1.0m $10.7m | Reduced -130.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 1.0m $10.5m | Reduced -61.9k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.04% of their portfolio | 944.8k $9.9m | Added +136.0k |
| Davis Selected Advisers 0.00% of their portfolio | 815.5k $0 | Reduced -890 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 810.0k $8.5m | Reduced -755.1k |
| ExodusPoint Capital Management, LP 0.08% of their portfolio | 733.0k $7.7m | New |
| Brandywine Global Investment Management, LLC 0.05% of their portfolio | 681.2k $7.1m | Reduced -35.7k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 674.7k $7.1m | Reduced -13.2k |
| Amundi 0.00% of their portfolio | 645.0k $6.5m | Added +287.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 563.7k $5.9m | Reduced -12.0k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 529.6k $5.5m | Added +38.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 528.2k $5.5m | Reduced -3.4k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.06% of their portfolio | 525.7k $5.5m | Reduced -505.1k |
| Asset Management One Co., Ltd. 0.02% of their portfolio | 515.8k $5.4m | Added +102.3k |
| Public Sector Pension Investment Board 0.03% of their portfolio | 448.1k $4.7m | Added +27.0k |
| Swiss National Bank 0.00% of their portfolio | 380.5k $4.0m | Reduced -4.8k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 374.8k $3.9m | Added +127.5k |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.11% of their portfolio | 363.1k $3.8m | Added +276.9k |
| Vident Advisory, LLC 0.10% of their portfolio | 359.9k $3.8m | Added +56.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 356.5k $3.7m | Reduced -8.6k |
| Index Fund Advisors, Inc. 0.20% of their portfolio | 346.5k $3.6m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 317.1k $3.3m | Added +25.5k |
| Legato Capital Management LLC 0.43% of their portfolio | 307.9k $3.2m | Unchanged |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 292.9k $3.1m | Reduced -1.8k |
| NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio | 257.3k $2.7m | Added +13.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 252.6k $2.6m | Reduced -981.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 240.4k $2.5m | Added +179.1k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 240.2k $2.5m | Reduced -14.9k |
| Eisler Capital (US) LLC 0.47% of their portfolio | 239.6k $2.5m | New |
| UBS Group AG 0.00% of their portfolio | 233.4k $2.4m | Added +49.4k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 231.7k $2.4m | Reduced -4.3k |
| CITIGROUP INC 0.00% of their portfolio | 222.5k $2.3m | Reduced -6.7k |
| WOLVERINE ASSET MANAGEMENT LLC 0.04% of their portfolio | 222.1k $2.3m | Added +77.7k |
| State of Alaska, Department of Revenue 0.03% of their portfolio | 217.2k $2.3m | Reduced -5.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 216.6k $2.3m | Added +36.1k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 214.5k $2.2m | Added +63.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 211.2k $2.2m | Reduced -14.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 209.6k $2.2m | Added +16.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 207.0k $2.2m | New |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 201.0k $2.1m | Reduced -59.2k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 199.6k $2.1m | Added +125.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 189.5k $2.0m | Reduced -6.7k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 188.9k $2.0m | Added +138.8k |
| Paralel Advisors LLC 0.09% of their portfolio | 186.3k $1.9m | Unchanged |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 184.2k $1.9m | Added +18.9k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 183.4k $1.9m | Reduced -71.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 181.0k $1.9m | Reduced -14.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 176.3k $1.8m | Added +162.7k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 173.1k $1.8m | Added +16.8k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 169.1k $1.8m | Reduced -9.1k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 168.2k $1.8m | Added +64.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 159.8k $1.7m | Unchanged |
| HANTZ FINANCIAL SERVICES, INC. 0.03% of their portfolio | 159.1k $1.7m | Reduced -12.3k |
| MARTINGALE ASSET MANAGEMENT L P 0.03% of their portfolio | 141.7k $1.5m | Added +9.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 133.3k $1.4m | Added +9.8k |
| SG Americas Securities, LLC 0.01% of their portfolio | 131.3k $1.4m | Reduced -17.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 124.7k $1.3m | Added +15.6k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 123.4k $1.3m | Added +17.0k |
| Corebridge Financial, Inc. 0.01% of their portfolio | 118.0k $1.2m | First filing |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 117.5k $1.2m | Added +44.1k |
| Heitman Real Estate Securities LLC 0.08% of their portfolio | 115.0k $1.2m | Added +6.8k |
| ALGERT GLOBAL LLC 0.04% of their portfolio | 113.5k $1.2m | New |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 113.1k $1.2m | Reduced -1.5k |