TEJON RANCH CO TRC
COM · Common Stock · CUSIP 879080109 · ISIN US8790801091
- SectorReal estate
- IndustryReal Estate
- HeadquartersLebec, 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. Holder counts are more reliable. Shares outstanding: 26.8m as of 2024-07-31, 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 ≈ $17.06. Options: 3 managers hold calls ($58.7k notional), 3 hold puts ($455.5k).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 99 |
| Q4 2022 | 100 |
| Q1 2023 | 100 |
| Q2 2023 | 97 |
| Q3 2023 | 102 |
| Q4 2023 | 106 |
| Q1 2024 | 100 |
| Q2 2024 | 103 |
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 | 35 | 35 |
| Q1 2023 | 38 | 37 |
| Q2 2023 | 41 | 35 |
| Q3 2023 | 43 | 36 |
| Q4 2023 | 43 | 36 |
| Q1 2024 | 33 | 49 |
| Q2 2024 | 45 | 42 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $37.3k | $110.3k | 2.96 |
| Q4 2023 | $39.6k | $70.5k | 1.78 |
| Q1 2024 | $24.7k | $348.3k | 14.12 |
| Q2 2024 | $58.7k | $455.5k | 7.76 |
Biggest buyers
| VANGUARD GROUP INC | Added | +996.4k |
| UBS Group AG | Added | +725.2k |
| BlackRock Inc. | Added | +105.2k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +59.5k |
| GAMCO INVESTORS, INC. ET AL | Added | +50.5k |
| OFI INVEST ASSET MANAGEMENT | New | +41.2k |
| JANE STREET GROUP, LLC | New | +29.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +25.9k |
| STATE STREET CORP | Added | +12.9k |
| Tortoise Investment Management, LLC | New | +9.3k |
Biggest sellers
| MORGAN STANLEY | Reduced | -326.9k |
| JPMORGAN CHASE & CO | Reduced | -79.0k |
| ROYCE & ASSOCIATES LP | Reduced | -74.2k |
| CM Management, LLC | Sold out | -45.0k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -41.6k |
| CITADEL ADVISORS LLC | Reduced | -39.7k |
| HORIZON KINETICS ASSET MANAGEMENT LLC | Reduced | -28.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -27.9k |
| TWO SIGMA ADVISERS, LP | Sold out | -25.4k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -22.3k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $56.3k3.3k shares |
| Tortoise Investment Management, LLC | New | $2.4k12.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $267.8k15.7k shares |
| CITADEL ADVISORS LLC | Added | $187.7k11.0k 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 |
|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC 13G · institution +1.0 pts · filed 2025-11-10 | 7.1% |
| Nitor Capital Management LLC 13G · institution new · filed 2026-05-05 | 6.2% |
Fell to 5% or below in the last year: DIMENSIONAL FUND ADVISORS LP (4.7%, 2026-10-08), VANGUARD GROUP INC (0.0%, 2026-03-27)
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 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 1 | $192.6k | 0 | — | — |
| Q2 2023 | 1 | $107.7k | 0 | — | — |
| Q3 2023 | 1 | $200.8k | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| TOWERVIEW LLC 42.99% of their portfolio | 3.8m $65.6m | Unchanged |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.1m $36.2m | Added +996.4k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.6m $27.5m | Reduced -22.3k |
| BlackRock Inc. 0.00% of their portfolio | 1.5m $26.1m | Added +105.2k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.27% of their portfolio | 908.9k $15.5m | Reduced -28.4k |
| UBS Group AG 0.00% of their portfolio | 759.1k $13.0m | Added +725.2k |
| GAMCO INVESTORS, INC. ET AL 0.13% of their portfolio | 718.3k $12.3m | Added +50.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 533.7k $9.1m | Added +59.5k |
| FMR LLC 0.00% of their portfolio | 529.7k $9.0m | Added +208 |
| STATE STREET CORP 0.00% of their portfolio | 496.0k $8.5m | Added +12.9k |
| FOUNDATION RESOURCE MANAGEMENT INC 1.34% of their portfolio | 490.7k $8.4m | Added +7.9k |
| ROYCE & ASSOCIATES LP 0.06% of their portfolio | 394.6k $6.7m | Reduced -74.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 394.5k $6.7m | Reduced -41.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 339.0k $5.8m | Added +6.6k |
| Acuitas Investments, LLC 2.12% of their portfolio | 232.6k $4.0m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 226.8k $3.9m | Reduced -7.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 193.0k $3.3m | Added +3.9k |
| SANTA MONICA PARTNERS LP 2.01% of their portfolio | 175.7k $3.0m | Unchanged |
| GABELLI FUNDS LLC 0.02% of their portfolio | 142.2k $2.4m | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 138.5k $2.4m | Reduced -2.5k |
| Oppenheimer & Close, LLC 1.97% of their portfolio | 131.7k $2.2m | Added +2.7k |
| MORGAN STANLEY 0.00% of their portfolio | 123.3k $2.1m | Reduced -326.9k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 112.5k $1.9m | Reduced -1.1k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 95.1k $1.6m | Reduced -7.6k |
| Teton Advisors, Inc. 0.65% of their portfolio | 91.0k $1.6m | Reduced -2.4k |
| Brandywine Global Investment Management, LLC 0.01% of their portfolio | 86.2k $1.5m | Added +7.6k |
| MAD RIVER INVESTORS 0.89% of their portfolio | 77.6k $1.3m | Reduced -12.3k |
| LEVIN CAPITAL STRATEGIES, L.P. 0.13% of their portfolio | 71.2k $1.2m | Reduced -210 |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 58.1k $991.5k | Added +5.6k |
| Price Jennifer C. 1.06% of their portfolio | 53.4k $911.0k | Unchanged |
| LEE DANNER & BASS INC 0.06% of their portfolio | 47.0k $802.0k | First filing |
| REIK & CO., LLC 0.21% of their portfolio | 46.9k $799.8k | Unchanged |
| OFI INVEST ASSET MANAGEMENT 0.02% of their portfolio | 41.2k $655.2k | New |
| Invesco Ltd. 0.00% of their portfolio | 40.6k $693.4k | Reduced -2.4k |
| Swiss National Bank 0.00% of their portfolio | 39.6k $675.2k | Reduced -2.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 37.1k $633.4k | Added +25.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 33.9k $578.7k | Added +770 |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 33.2k $566.6k | Reduced -7.3k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 32.2k $549.8k | Added +4.8k |
| Accordant Advisory Group Inc 0.50% of their portfolio | 31.2k $532.1k | Added +1.2k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 29.4k $501.1k | New |
| Fiduciary Trust Co 0.01% of their portfolio | 24.2k $413.7k | Unchanged |
| Mariner, LLC 0.00% of their portfolio | 21.7k $369.4k | Reduced -1.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 21.4k $366.0k | Reduced -27.9k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 20.7k $354.0k | Added +4.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 19.7k $335.7k | Reduced -1.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 19.2k $328.2k | Added +1.8k |
| Covestor Ltd 0.21% of their portfolio | 19.1k $326.0k | Added +5.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 17.8k $304.4k | Reduced -79.0k |
| Legal & General Group Plc 0.00% of their portfolio | 17.7k $302.2k | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 16.1k $274.8k | Reduced -6.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 15.9k $271.6k | Added +3.9k |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 15.6k $266.1k | Added +2.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 14.7k $251.6k | Added +7.0k |
| Arbiter Partners Capital Management LLC 0.51% of their portfolio | 14.7k $251.5k | Unchanged |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 14.4k $242.3k | Reduced -200 |
| MetLife Investment Management, LLC 0.00% of their portfolio | 12.1k $206.2k | Added +372 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 11.7k $200.0k | Added +4.1k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 11.4k $194.3k | First filing |
| Corebridge Financial, Inc. 0.00% of their portfolio | 11.3k $192.1k | First filing |
| SG Americas Securities, LLC 0.00% of their portfolio | 11.2k $192.0k | Added +3.2k |
| Alan B Lancz & Associates, Inc. 0.19% of their portfolio | 11.1k $188.9k | First filing |
| HighTower Advisors, LLC 0.00% of their portfolio | 10.2k $175.0k | Reduced -4.4k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 9.7k $165.5k | Reduced -39.7k |
| Tortoise Investment Management, LLC 0.02% of their portfolio | 9.3k $158.7k | New |
| NewEdge Advisors, LLC 0.00% of their portfolio | 8.9k $151.2k | Added +13 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 8.2k $139.8k | Reduced -2.2k |
| BARCLAYS PLC 0.00% of their portfolio | 8.1k $137.5k | Reduced -11.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 7.9k $134.4k | Reduced -117 |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.00% of their portfolio | 5.8k $98.0k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 4.9k $83.4k | Reduced -5.3k |
| CITIGROUP INC 0.00% of their portfolio | 4.8k $81.1k | Added +770 |
| US BANCORP \DE\ 0.00% of their portfolio | 4.1k $70.1k | Added +3.9k |
| STRS OHIO 0.00% of their portfolio | 4.1k $69.9k | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 3.8k $65.0k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 3.0k $51.1k | Added +374 |
| SIGNATUREFD, LLC 0.00% of their portfolio | 2.6k $44.1k | Added +2.4k |
| LANARK FINANCIAL, INC. 0.00% of their portfolio | 2.3k $38.0k | Unchanged |
| State of Wyoming 0.01% of their portfolio | 2.2k $37.9k | Added +124 |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 2.1k $35.2k | Unchanged |
| Manchester Capital Management LLC 0.00% of their portfolio | 2.0k $34.9k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 1.8k $31.5k | Added +1.1k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 1.0k $17.9k | Unchanged |
| COMERICA BANK 0.00% of their portfolio | 808 $13.8k | Unchanged |
| AMALGAMATED BANK 0.00% of their portfolio | 725 $12.0k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 721 $12.3k | Unchanged |
| BESSEMER GROUP INC 0.00% of their portfolio | 600 $10.0k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 598 $10.0k | Reduced -843 |
| Key Financial Inc 0.00% of their portfolio | 283 $4.8k | Unchanged |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 181 $3.1k | Reduced -26 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 173 $3.0k | Added +49 |
| Cornerstone Planning Group LLC 0.00% of their portfolio | 68 $1.1k | New |
| Parallel Advisors, LLC 0.00% of their portfolio | 45 $768 | Reduced -192 |
| GAMMA Investing LLC 0.00% of their portfolio | 35 $597 | New |
| Avion Wealth 0.00% of their portfolio | 31 $0 | New |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 28 $478 | Reduced -20 |
| Lindbrook Capital, LLC 0.00% of their portfolio | 27 $461 | New |
| MassMutual Private Wealth & Trust, FSB 0.00% of their portfolio | 17 $290 | New |
| Smartleaf Asset Management LLC 0.00% of their portfolio | 15 $252 | New |
| WHITTIER TRUST CO 0.00% of their portfolio | 11 $187 | Unchanged |