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 ($94.7k this quarter). Holder counts are more reliable. Shares outstanding: 26.9m as of 2025-07-31, 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 ≈ $16.96. Options: 4 managers hold calls ($602.1k notional), 1 hold puts ($0).
Trends to Q2 2025
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 |
| Q3 2024 | 108 |
| Q4 2024 | 119 |
| Q1 2025 | 115 |
| Q2 2025 | 111 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 43 | 36 |
| Q4 2023 | 43 | 36 |
| Q1 2024 | 33 | 49 |
| Q2 2024 | 45 | 42 |
| Q3 2024 | 36 | 33 |
| Q4 2024 | 47 | 45 |
| Q1 2025 | 44 | 56 |
| Q2 2025 | 53 | 36 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $405.4k | $407.2k | 1.00 |
| Q4 2024 | $684.5k | $124.7k | 0.18 |
| Q1 2025 | $543.7k | $28.5k | 0.05 |
| Q2 2025 | $602.1k | $0 | 0.00 |
Biggest buyers
| HORIZON KINETICS ASSET MANAGEMENT LLC | Added | +823.4k |
| Bulldog Investors, LLP | Added | +260.0k |
| ROYAL BANK OF CANADA | Added | +144.3k |
| MORGAN STANLEY | Added | +56.4k |
| MILLENNIUM MANAGEMENT LLC | New | +55.3k |
| LEVIN CAPITAL STRATEGIES, L.P. | Added | +50.5k |
| GABELLI FUNDS LLC | Added | +49.0k |
| MARSHALL WACE, LLP | New | +45.4k |
| WINNACLE WEALTH LLC | New | +34.2k |
| Quantinno Capital Management LP | Added | +27.9k |
Biggest sellers
| Bank of New York Mellon Corp | Reduced | -245.4k |
| CITADEL ADVISORS LLC | Sold out | -138.4k |
| Acuitas Investments, LLC | Reduced | -91.5k |
| OFI INVEST ASSET MANAGEMENT | Sold out | -41.2k |
| JANE STREET GROUP, LLC | Reduced | -36.1k |
| CenterBook Partners LP | Reduced | -35.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -28.7k |
| BlackRock, Inc. | Reduced | -19.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -18.6k |
| OCCUDO QUANTITATIVE STRATEGIES LP | Sold out | -12.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $398.6k23.5k shares |
| CITADEL ADVISORS LLC | Added | $195.0k11.5k shares |
| GROUP ONE TRADING LLC | New | $8.5k500 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| 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 2025
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 2023 | 1 | $200.8k | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $486.1k | $486.1k |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| TOWERVIEW LLC 46.49% of their portfolio | 3.8m $65.2m | Unchanged |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.1m $36.0m | Added +13.9k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.33% of their portfolio | 1.6m $27.9m | Added +823.4k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.6m $27.9m | Added +23.2k |
| BlackRock, Inc. 0.00% of their portfolio | 1.5m $25.8m | Reduced -19.7k |
| Bulldog Investors, LLP 3.39% of their portfolio | 790.0k $13.4m | Added +260.0k |
| GAMCO INVESTORS, INC. ET AL 0.12% of their portfolio | 732.8k $12.4m | Added +7.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 580.1k $9.8m | Added +24.3k |
| STATE STREET CORP 0.00% of their portfolio | 501.5k $8.5m | Added +19.2k |
| FOUNDATION RESOURCE MANAGEMENT INC 1.27% of their portfolio | 483.2k $8.2m | Added +2.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 329.3k $5.6m | Added +6.9k |
| ROYCE & ASSOCIATES LP 0.05% of their portfolio | 313.8k $5.3m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 200.7k $3.4m | Reduced -10.4k |
| GABELLI FUNDS LLC 0.02% of their portfolio | 195.0k $3.3m | Added +49.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 193.0k $3.3m | Added +2.2k |
| MORGAN STANLEY 0.00% of their portfolio | 164.2k $2.8m | Added +56.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 151.5k $2.6m | Added +144.3k |
| Oppenheimer & Close, LLC 1.71% of their portfolio | 131.7k $2.2m | Unchanged |
| Brandywine Global Investment Management, LLC 0.01% of their portfolio | 117.2k $2.0m | Added +19.5k |
| Acuitas Investments, LLC 1.53% of their portfolio | 113.2k $1.9m | Reduced -91.5k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 110.0k $1.9m | Reduced -100 |
| CenterBook Partners LP 0.10% of their portfolio | 109.8k $1.9m | Reduced -35.3k |
| LEVIN CAPITAL STRATEGIES, L.P. 0.17% of their portfolio | 102.1k $1.7m | Added +50.5k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 97.6k $1.7m | Reduced -4.4k |
| Teton Advisors, Inc. 0.87% of their portfolio | 84.0k $1.4m | Reduced -500 |
| Bank of New York Mellon Corp 0.00% of their portfolio | 68.5k $1.2m | Reduced -245.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 63.8k $1.1m | Reduced -5.8k |
| Quantinno Capital Management LP 0.00% of their portfolio | 56.0k $950.0k | Added +27.9k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 55.3k $938.5k | New |
| Nuveen, LLC 0.00% of their portfolio | 53.9k $913.4k | Reduced -12.2k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 53.0k $898.7k | Added +5.1k |
| UBS Group AG 0.00% of their portfolio | 52.9k $896.8k | Added +11.5k |
| LEE DANNER & BASS INC 0.06% of their portfolio | 47.0k $797.1k | Unchanged |
| REIK & CO., LLC 0.20% of their portfolio | 46.9k $795.1k | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 45.4k $769.5k | New |
| BARCLAYS PLC 0.00% of their portfolio | 35.0k $593.8k | Added +13.9k |
| Accordant Advisory Group Inc 0.43% of their portfolio | 34.2k $580.4k | Added +2.2k |
| WINNACLE WEALTH LLC 0.43% of their portfolio | 34.2k $580.4k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 33.4k $567.3k | Added +1.0k |
| Invesco Ltd. 0.00% of their portfolio | 30.2k $511.8k | Added +387 |
| Creative Planning 0.00% of their portfolio | 27.7k $469.1k | Added +9.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 25.7k $436.0k | Reduced -18.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 24.5k $416.0k | Added +727 |
| CITIGROUP INC 0.00% of their portfolio | 22.6k $382.5k | Added +7.2k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 22.0k $373.7k | Reduced -36.1k |
| Covestor Ltd 0.21% of their portfolio | 21.4k $363.0k | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 19.8k $336.2k | Added +3.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 19.0k $321.4k | Added +937 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 18.4k $312.5k | Added +2.1k |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 15.6k $264.6k | Unchanged |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 13.9k $234.9k | Reduced -271 |
| Arbiter Partners Capital Management LLC 0.21% of their portfolio | 13.7k $233.1k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 13.7k $232.7k | Reduced -7.0k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 13.7k $232.4k | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 13.0k $220.8k | Reduced -28.7k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 11.9k $202.6k | Added +1.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 11.5k $195.4k | Reduced -1.0k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 11.5k $195.3k | New |
| SG Americas Securities, LLC 0.00% of their portfolio | 11.3k $192.0k | Reduced -6.8k |
| Alan B Lancz & Associates, Inc. 0.19% of their portfolio | 11.1k $187.8k | Unchanged |
| Kennondale Capital Management LLC 0.19% of their portfolio | 11.0k $185.9k | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 10.3k $175.1k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 9.9k $168.7k | Reduced -5.0k |
| Tortoise Investment Management, LLC 0.02% of their portfolio | 9.3k $157.7k | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 7.9k $133.6k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 7.7k $130.6k | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 7.2k $121.7k | New |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.00% of their portfolio | 5.8k $98.0k | Unchanged |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 5.4k $91.4k | Unchanged |
| STRS OHIO 0.00% of their portfolio | 4.1k $69.5k | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 2.2k $37.8k | Reduced -75 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 2.2k $37.3k | Added +823 |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 2.1k $35.0k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 2.0k $33.2k | Added +287 |
| Legal & General Group Plc 0.00% of their portfolio | 1.9k $33.1k | Added +119 |
| Versant Capital Management, Inc 0.00% of their portfolio | 1.9k $31.8k | Added +93 |
| LANARK FINANCIAL, INC. 0.00% of their portfolio | 1.7k $29.0k | Unchanged |
| Manchester Capital Management LLC 0.00% of their portfolio | 1.4k $23.1k | Unchanged |
| AlphaQuest LLC 0.00% of their portfolio | 1.3k $22.5k | New |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 1.2k $20.9k | Added +65 |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 1.2k $19.7k | Added +1.1k |
| GAMMA Investing LLC 0.00% of their portfolio | 816 $13.8k | Added +568 |
| COMERICA BANK 0.00% of their portfolio | 728 $12.3k | Reduced -84 |
| AMALGAMATED BANK 0.00% of their portfolio | 725 $12.0k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 686 $11.6k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 674 $11.0k | Added +122 |
| BESSEMER GROUP INC 0.00% of their portfolio | 600 $10.0k | Unchanged |
| Sterling Capital Management LLC 0.00% of their portfolio | 561 $9.5k | Added +200 |
| FMR LLC 0.00% of their portfolio | 516 $8.8k | Added +325 |
| TRUST CO OF TOLEDO NA /OH/ 0.00% of their portfolio | 400 $6.8k | New |
| Key Financial Inc 0.00% of their portfolio | 283 $4.8k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 253 $4.3k | Reduced -108 |
| Arax Advisory Partners 0.00% of their portfolio | 251 $4.3k | Unchanged |
| SIGNATUREFD, LLC 0.00% of their portfolio | 226 $3.8k | Reduced -2.9k |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 156 $2.6k | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 155 $2.6k | Added +23 |
| Larson Financial Group LLC 0.00% of their portfolio | 143 $2.4k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 126 $2.1k | New |
| Cheviot Value Management, LLC 0.00% of their portfolio | 120 $2.0k | Unchanged |
| HARBOR CAPITAL ADVISORS, INC. 0.00% of their portfolio | 97 $2.0k | Added +1 |