Vault-13

SUNSTONE HOTEL INVS INC NEW SHO

COM · REIT · CUSIP 867892101

244 institutional holders +9 vs Q3 2024
205,536,307205.5m shares reported held*
102.2% of all shares outstanding*
$2.4bnreported value*
26 new 90 added 87 reduced 24 sold out net bought ≈ $10.0m (+845.3k shares)

* 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 ($6.8m this quarter). Holder counts are more reliable. Shares outstanding: 201.0m as of 2025-02-07, 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 ≈ $11.85. Options: 3 managers hold calls ($246.3k notional), 2 hold puts ($17.8k).

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 238Q4 22: 238Q1 23: 220Q2 23: 228Q3 23: 232Q4 23: 233Q1 24: 240Q2 24: 242Q3 24: 235Q4 24: 244244Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022238
Q4 2022238
Q1 2023220
Q2 2023228
Q3 2023232
Q4 2023233
Q1 2024240
Q2 2024242
Q3 2024235
Q4 2024244

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q1 23: 103 bought or addedQ1 23: 122 cut or sold outQ2 23: 106 bought or addedQ2 23: 115 cut or sold outQ2 23Q3 23: 110 bought or addedQ3 23: 115 cut or sold outQ4 23: 113 bought or addedQ4 23: 115 cut or sold outQ4 23Q1 24: 113 bought or addedQ1 24: 119 cut or sold outQ2 24: 126 bought or addedQ2 24: 114 cut or sold outQ2 24Q3 24: 105 bought or addedQ3 24: 122 cut or sold outQ4 24: 116 bought or addedQ4 24: 111 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023103122
Q2 2023106115
Q3 2023110115
Q4 2023113115
Q1 2024113119
Q2 2024126114
Q3 2024105122
Q4 2024116111

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200k$400k$600kQ1 24 calls: $572.3kQ1 24 puts: $28.3kQ1 24P/C 0.05Q2 24 calls: $224.9kQ2 24 puts: $40.1kQ2 24P/C 0.18Q3 24 calls: $220.8kQ3 24 puts: $8.3kQ3 24P/C 0.04Q4 24 calls: $246.3kQ4 24 puts: $17.8kQ4 24P/C 0.07
Numbers
QuarterCallsPutsP/C
Q1 2024$572.3k$28.3k0.05
Q2 2024$224.9k$40.1k0.18
Q3 2024$220.8k$8.3k0.04
Q4 2024$246.3k$17.8k0.07

Biggest buyers

PRINCIPAL FINANCIAL GROUP INC Added +7,234,862+7.2m
CITADEL ADVISORS LLC Added +6,075,032+6.1m
GRS Advisors, LLC New +1,940,880+1.9m
Woodline Partners LP New +1,461,867+1.5m
CENTERSQUARE INVESTMENT MANAGEMENT LLC New +1,322,042+1.3m
BANK OF AMERICA CORP /DE/ Added +1,229,769+1.2m
BlackRock, Inc. Added +874,116+874.1k
CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC Added +851,104+851.1k
APG Asset Management US Inc. New +662,011+662.0k
MAKENA CAPITAL MANAGEMENT LLC New +653,260+653.3k

Biggest sellers

RUSH ISLAND MANAGEMENT, LP Sold out -9,663,978-9.7m
JPMORGAN CHASE & CO Reduced -4,829,223-4.8m
Heitman Real Estate Securities LLC Reduced -1,202,490-1.2m
FRANKLIN RESOURCES INC Reduced -1,126,769-1.1m
GOLDMAN SACHS GROUP INC Reduced -979,070-979.1k
Balyasny Asset Management L.P. Sold out -902,362-902.4k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Sold out -775,132-775.1k
Bank of New York Mellon Corp Reduced -756,273-756.3k
Brandywine Global Investment Management, LLC Sold out -689,703-689.7k
Tarsadia Capital, LLC Reduced -644,905-644.9k

Biggest calls

Greenland Capital Management LP New $236.8k20.0k shares
CITADEL ADVISORS LLC Reduced $9.5k800 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $17.8k1.5k 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.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution filed 2025-07-17 17.0% 33.8m≈ $386.8m 2025-07-17
VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-02-05 10.2% new 19.4m≈ $222.2m 2026-02-05
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 5.3% new 10.1m≈ $115.8m 2026-04-30

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 Q4 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 Q4 2024.

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.01% of their portfolio New York, NY 38,135,32338.1m $451.5m $451.5m 0.01% Added +874.1k +874,116
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 31,274,53731.3m $370.3m $370.3m 0.01% Reduced -445.4k -445,449
3 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 12,018,63112.0m $143.4m $143.4m 0.01% Added +219.3k +219,333
4 Blackstone Inc. 0.48% of their portfolio NEW YORK, NY 8,645,0008.6m $102.4m $102.4m 0.48% Unchanged
5 PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio DES MOINES, IA 8,355,5728.4m $98.9m $98.9m 0.05% Added +7.2m +7,234,862
6 CITADEL ADVISORS LLC 0.08% of their portfolio MIAMI, FL 6,972,6127.0m $82.6m $82.6m 0.08% Added +6.1m +6,075,032
7 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 6,567,5356.6m $77.8m $77.8m 0.01% Added +1.2m +1,229,769
8 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 5,172,2985.2m $61.3m $61.3m 0.00% Reduced -75.6k -75,629
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,721,8434.7m $55.9m $55.9m 0.00% Reduced -4.8m -4,829,223
10 CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.98% of their portfolio RADNOR, PA 4,686,4894.7m $55.5m $55.5m 0.98% Added +851.1k +851,104
11 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 4,156,9304.2m $49.2m $49.2m 0.01% Added +75.0k +74,952
12 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 3,159,4083.2m $37.4m $37.4m 0.01% Added +538.1k +538,089
13 Legal & General Group Plc 0.01% of their portfolio London, X0 3,139,1263.1m $37.2m $37.2m 0.01% Reduced -100.9k -100,882
14 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 2,853,2802.9m $33.8m $33.8m 0.03% Added +228.8k +228,812
15 H/2 CREDIT MANAGER LP 8.43% of their portfolio STAMFORD, CT 2,788,2102.8m $33.0m $33.0m 8.43% Added +600.0k +600,000
16 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 2,578,2482.6m $30.5m $30.5m 0.01% Reduced -189.3k -189,344
17 WESTWOOD HOLDINGS GROUP INC 0.22% of their portfolio DALLAS, TX 2,451,3542.5m $29.0m $29.0m 0.22% Reduced -521.8k -521,794
18 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio CHICAGO, IL 2,387,2392.4m $28.3m $28.3m 0.07% Added +58.2k +58,234
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,243,6702.2m $26.6m $26.6m 0.00% Added +310.3k +310,298
20 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 2,091,8092.1m $24.8m $24.8m 0.02% Added +469.1k +469,086
21 GRS Advisors, LLC 2.27% of their portfolio Chicago, IL 1,940,8801.9m $23.0m $23.0m 2.27% New
22 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 1,775,6071.8m $21.0m $21.0m 0.03% Reduced -5.2k -5,169
23 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,762,8721.8m $20.9m $20.9m 0.00% Reduced -101.0k -100,950
24 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio Boston, MA 1,750,0001.8m $20.7m $20.7m 0.04% Reduced -300.0k -300,000
25 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,702,7641.7m $20.2m $20.2m 0.00% Reduced -756.3k -756,273
26 Fisher Asset Management, LLC 0.01% of their portfolio PLANO, TX 1,656,6351.7m $19.6m $19.6m 0.01% Reduced -146.5k -146,458
27 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 1,647,9831.6m $19.5m $19.5m 0.01% Reduced -4.8k -4,831
28 AltraVue Capital, LLC 1.50% of their portfolio BELLEVUE, WA 1,525,2271.5m $18.1m $18.1m 1.50% Unchanged
29 MACQUARIE GROUP LTD 0.02% of their portfolio Sydney, NSW 2000, C3 1,505,1731.5m $17.8m $17.8m 0.02% Reduced -291.9k -291,921
30 Woodline Partners LP 0.12% of their portfolio San Francisco, CA 1,461,8671.5m $17.3m $17.3m 0.12% New
31 Hazelview Securities Inc. 3.21% of their portfolio TORONTO, A6 1,456,6221.5m $17.6m $17.6m 3.21% First filing
32 Tributary Capital Management, LLC 1.22% of their portfolio OMAHA, NE 1,326,3071.3m $15.7m $15.7m 1.22% Reduced -1.4k -1,425
33 CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.17% of their portfolio CONSHOHOCKEN, PA 1,322,0421.3m $15.7m $15.7m 0.17% New
34 ExodusPoint Capital Management, LP 0.15% of their portfolio NEW YORK, NY 1,242,0451.2m $14.7m $14.7m 0.15% Added +106.8k +106,756
35 JACOBS LEVY EQUITY MANAGEMENT, INC 0.05% of their portfolio FLORHAM PARK, NJ 1,229,1791.2m $14.6m $14.6m 0.05% Added +240.1k +240,127
36 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,198,2611.2m $14.2m $14.2m 0.00% Reduced -979.1k -979,070
37 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 1,192,7251.2m $14.1m $14.1m 0.00% Reduced -221.6k -221,647
38 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 1,067,7181.1m $12.6m $12.6m 0.00% Reduced -25.4k -25,426
39 UBS Group AG 0.00% of their portfolio ZURICH, V8 937,451937.5k $11.1m $11.1m 0.00% Added +522.8k +522,818
40 Tarsadia Capital, LLC 100.00% of their portfolio New York, NY 850,000850.0k $10.1m $10.1m 100.00% Reduced -644.9k -644,905
41 Amundi 0.00% of their portfolio Paris, I0 819,516819.5k $9.9m $9.9m 0.00% Added +177.2k +177,189
42 Davis Selected Advisers 0.06% of their portfolio Tucson, AZ 802,620802.6k $9.5m $9.5m 0.06% Reduced -5.2k -5,250
43 NORGES BANK 0.00% of their portfolio OSLO, Q8 731,293731.3k $8.7m $8.7m 0.00% Reduced -32.4k -32,446
44 PANAGORA ASSET MANAGEMENT INC 0.04% of their portfolio BOSTON, MA 670,390670.4k $7.9m $7.9m 0.04% Reduced -532.5k -532,454
45 APG Asset Management US Inc. 0.06% of their portfolio New York, NY 662,011662.0k $7.8m $7.8m 0.06% New
46 MAKENA CAPITAL MANAGEMENT LLC 1.25% of their portfolio MENLO PARK, CA 653,260653.3k $7.7m $7.7m 1.25% New
47 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 648,012648.0k $7.7m $7.7m 0.01% Reduced -1.5k -1,544
48 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio TORONTO, A6 645,500645.5k $7.6m $7.6m 0.02% Added +538.2k +538,200
49 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.03% of their portfolio COLUMBUS, OH 628,941628.9k $7.4m $7.4m 0.03% Added +18.8k +18,792
50 Asset Management One Co., Ltd. 0.02% of their portfolio TOKYO, M0 508,932508.9k $6.1m $6.1m 0.02% Reduced -11.2k -11,216
51 Public Sector Pension Investment Board 0.03% of their portfolio MONTREAL, A8 500,551500.6k $5.9m $5.9m 0.03% Added +69.1k +69,101
52 Alyeska Investment Group, L.P. 0.02% of their portfolio CHICAGO, IL 500,000500.0k $5.9m $5.9m 0.02% New
53 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 468,420468.4k $5.5m $5.5m 0.00% Added +125.4k +125,402
54 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 449,678449.7k $5.3m $5.3m 0.00% Added +281.5k +281,522
55 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 430,630430.6k $5.1m $5.1m 0.01% Reduced -58.5k -58,534
56 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 409,283409.3k $4.8m $4.8m 0.00% Reduced -1.1m -1,126,769
57 Swiss National Bank 0.00% of their portfolio ZURICH, V8 379,949379.9k $4.5m $4.5m 0.00% Added +2.3k +2,300
58 Vident Advisory, LLC 0.07% of their portfolio Alpharetta, GA 361,104361.1k $4.3m $4.3m 0.07% Reduced -33.6k -33,572
59 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 345,449345.4k $4.1m $4.1m 0.01% Added +4.5k +4,520
60 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 339,528339.5k $4.0m $4.0m 0.01% New
61 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 336,686336.7k $4.0m $4.0m 0.00% Added +19.8k +19,832
62 BOOTHBAY FUND MANAGEMENT, LLC 0.12% of their portfolio NEW YORK, NY 336,605336.6k $4.0m $4.0m 0.12% New
63 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 331,698331.7k $3.9m $3.9m 0.00% Reduced -92.5k -92,541
64 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 318,223318.2k $3.8m $3.8m 0.00% Added +107.4k +107,435
65 NFJ INVESTMENT GROUP, LLC 0.12% of their portfolio DALLAS, TX 308,262308.3k $3.6m $3.6m 0.12% Reduced -3.8k -3,775
66 Legato Capital Management LLC 0.48% of their portfolio San Francisco, CA 307,871307.9k $3.6m $3.6m 0.48% Unchanged
67 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 293,065293.1k $3.5m $3.5m 0.01% Reduced -223.9k -223,925
68 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 282,509282.5k $3.3m $3.3m 0.01% Reduced -11.8k -11,807
69 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 273,583273.6k $3.2m $3.2m 0.00% Reduced -44.1k -44,119
70 NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio TOKYO, M0 271,125271.1k $3.2m $3.2m 0.01% Added +17.2k +17,225
71 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio TALLAHASSEE, FL 270,573270.6k $3.2m $3.2m 0.01% Added +11.9k +11,875
72 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 260,224260.2k $3.1m $3.1m 0.00% Added +53.7k +53,740
73 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 248,084248.1k $2.9m $2.9m 0.00% Reduced -27.1k -27,103
74 STRS OHIO 0.01% of their portfolio COLUMBUS, OH 238,200238.2k $2.8m $2.8m 0.01% Reduced -398.5k -398,500
75 Index Fund Advisors, Inc. 0.14% of their portfolio IRVINE, CA 225,157225.2k $2.7m $2.7m 0.14% Reduced -121.3k -121,325
76 State of Alaska, Department of Revenue 0.03% of their portfolio JUNEAU, AK 211,563211.6k $2.5m $2.5m 0.03% Reduced -912 -912
77 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 208,664208.7k $2.5m $2.5m 0.01% Added +16.8k +16,829
78 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 204,680204.7k $2.1m $2.1m 0.00% Reduced -9.6k -9,635
79 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 194,847194.8k $2.3m $2.3m 0.01% Reduced -13.3k -13,300
80 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 193,425193.4k $2.3m $2.3m 0.00% Added +8.5k +8,531
81 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 189,039189.0k $2.2m $2.2m 0.00% Reduced -24.5k -24,524
82 Waterfront Capital Partners, LLC 0.41% of their portfolio NEW YORK, NY 187,440187.4k $2.2m $2.2m 0.41% New
83 Paralel Advisors LLC 0.09% of their portfolio DENVER, CO 186,325186.3k $2.2m $2.2m 0.09% Unchanged
84 Holocene Advisors, LP 0.01% of their portfolio New York, NY 183,330183.3k $2.2m $2.2m 0.01% Added +133.0k +132,995
85 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 181,514181.5k $2.1m $2.1m 0.00% Reduced -2.3k -2,266
86 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 176,342176.3k $2.1m $2.1m 0.01% New
87 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 167,054167.1k $2.0m $2.0m 0.01% Added +59.8k +59,823
88 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 155,286155.3k $1.8m $1.8m 0.00% Reduced -4.4k -4,397
89 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 154,966155.0k $1.8m $1.8m 0.00% Reduced -204.8k -204,801
90 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 153,930153.9k $1.8m $1.8m 0.01% Added +12.6k +12,565
91 DigitalBridge Group, Inc. 0.13% of their portfolio Boca Raton, FL 146,300146.3k $1.7m $1.7m 0.13% Reduced -96.1k -96,100
92 Carrera Capital Advisors 0.39% of their portfolio TROY, MI 140,842140.8k $1.7m $1.7m 0.39% New
93 TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio AUSTIN, TX 133,649133.6k $1.6m $1.6m 0.01% Added +76.7k +76,729
94 Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio TOKYO, M0 133,259133.3k $1.6m $1.6m 0.00% Unchanged
95 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 128,717128.7k $1.5m $1.5m 0.01% Added +11.8k +11,790
96 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 128,298128.3k $1.5m $1.5m 0.00% Added +42.1k +42,130
97 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 127,765127.8k $1.5m $1.5m 0.00% Added +13.4k +13,359
98 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 127,195127.2k $1.5m $1.5m 0.00% Added +84.8k +84,824
99 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 118,373118.4k $1.4m $1.4m 0.00% Added +87.7k +87,651
100 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 115,751115.8k $1.4m $1.4m 0.00% Added +4.4k +4,397