UDR INC UDR
COM · REIT · CUSIP 902653104 · ISIN US9026531049
Real estate investment firm
* 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 ($10.9m this quarter). Holder counts are more reliable. Shares outstanding: 329.2m as of 2023-04-24, 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 ≈ $41.08. Options: 5 managers hold calls ($2.8m notional), 7 hold puts ($2.7m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 443 |
| Q4 2022 | 443 |
| Q1 2023 | 438 |
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 | 218 | 192 |
| Q1 2023 | 228 | 174 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $9.7m | $4.7m | 0.49 |
| Q4 2022 | $14.5m | $3.1m | 0.21 |
| Q1 2023 | $2.8m | $2.7m | 0.96 |
Biggest buyers
| FMR LLC | Added | +12.2m |
| JPMORGAN CHASE & CO | Added | +3.2m |
| COHEN & STEERS, INC. | Added | +2.9m |
| Invesco Ltd. | Added | +2.6m |
| STATE STREET CORP | Added | +2.3m |
| WELLINGTON MANAGEMENT GROUP LLP | New | +2.1m |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | New | +2.1m |
| STRS OHIO | Added | +2.1m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.6m |
| NORGES BANK | Added | +1.3m |
Biggest sellers
| JANUS HENDERSON GROUP PLC | Reduced | -2.2m |
| MORGAN STANLEY | Reduced | -2.0m |
| Heitman Real Estate Securities LLC | Sold out | -2.0m |
| Long Pond Capital, LP | Sold out | -1.9m |
| Balyasny Asset Management L.P. | Reduced | -1.2m |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Reduced | -1.1m |
| CITADEL ADVISORS LLC | Reduced | -688.0k |
| VIRGINIA RETIREMENT SYSTEMS ET Al | Reduced | -586.4k |
| Man Group plc | Sold out | -514.2k |
| Nekton Capital Ltd. | Sold out | -488.8k |
Biggest calls
| Walleye Trading LLC | Added | $2.3m56.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $271.0k6.6k shares |
| CITADEL ADVISORS LLC | Reduced | $151.9k3.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $90.0k2.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Walleye Trading LLC | Unchanged | $821.2k20.0k shares |
| CITADEL ADVISORS LLC | Added | $747.3k18.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $599.0k14.6k shares |
| WOLVERINE TRADING, LLC | New | $291.0k7.3k shares |
| GROUP ONE TRADING LLC | New | $135.5k3.3k shares |
| UBS Group AG | New | $119.1k2.9k 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 2026-07-30 | 9.5% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 8.0% |
| Capital Research Global Investors 13G · institution new · filed 2026-05-14 | 7.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.1% |
Fell to 5% or below in the last year: COHEN & STEERS, INC. (4.8%, 2026-08-14), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q1 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 |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $940.1k | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $808.8k | — |
| Q1 2023 | 0 | — | 0 | — | — |
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.06% of their portfolio | 53.3m $2.2bn | Added +585.9k |
| COHEN & STEERS, INC. 3.03% of their portfolio | 34.2m $1.4bn | Added +2.9m |
| BlackRock Inc. 0.04% of their portfolio | 34.2m $1.4bn | Reduced -247.4k |
| NORGES BANK 0.22% of their portfolio | 24.9m $1.0bn | Added +1.3m |
| FMR LLC 0.04% of their portfolio | 23.8m $976.8m | Added +12.2m |
| STATE STREET CORP 0.05% of their portfolio | 23.0m $943.1m | Added +2.3m |
| JPMORGAN CHASE & CO 0.07% of their portfolio | 13.7m $562.2m | Added +3.2m |
| Invesco Ltd. 0.15% of their portfolio | 12.8m $526.8m | Added +2.6m |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 7.1m $290.6m | Added +240.9k |
| Daiwa Securities Group Inc. 1.89% of their portfolio | 6.6m $271.4m | Added +514.4k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 4.7m $193.2m | Added +170.9k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.24% of their portfolio | 4.6m $187.5m | Reduced -1.1m |
| NORTHERN TRUST CORP 0.04% of their portfolio | 4.3m $178.3m | Reduced -1.2k |
| Legal & General Group Plc 0.06% of their portfolio | 4.3m $177.2m | Added +403.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 4.0m $163.1m | Added +145.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.25% of their portfolio | 3.9m $160.2m | Added +423.8k |
| MORGAN STANLEY 0.01% of their portfolio | 3.2m $129.9m | Reduced -2.0m |
| STRS OHIO 0.19% of their portfolio | 3.1m $127.8m | Added +2.1m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.19% of their portfolio | 3.0m $124.5m | Reduced -429.8k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.8m $116.4m | Added +670.6k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 2.8m $112.9m | Reduced -42.2k |
| PGGM Investments 1.79% of their portfolio | 2.6m $106.6m | Reduced -412.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 2.6m $105.8m | Added +73.5k |
| MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio | 2.3m $93.0m | Added +1.6m |
| AEW CAPITAL MANAGEMENT L P 3.39% of their portfolio | 2.2m $90.8m | Reduced -90.2k |
| Brookfield Corp /ON/ 0.35% of their portfolio | 2.2m $90.4m | Reduced -235.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 2.1m $87.7m | New |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.06% of their portfolio | 2.1m $87.3m | New |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.8m $74.8m | Added +1.1m |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 1.8m $74.2m | Added +422.9k |
| Russell Investments Group, Ltd. 0.12% of their portfolio | 1.4m $58.7m | Reduced -42.4k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 1.3m $54.7m | Reduced -116.7k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.96% of their portfolio | 1.3m $54.4m | Added +978.3k |
| Swiss National Bank 0.04% of their portfolio | 1.3m $53.0m | Reduced -28.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 1.3m $52.8m | Reduced -13.3k |
| Ranger Global Real Estate Advisors, LLC 6.89% of their portfolio | 1.3m $52.5m | Added +151.1k |
| SEI INVESTMENTS CO 0.10% of their portfolio | 1.3m $52.3m | Added +4.5k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 1.2m $50.3m | Reduced -323.7k |
| PRUDENTIAL FINANCIAL INC 0.09% of their portfolio | 1.2m $56.3m | Reduced -82.9k |
| MACQUARIE GROUP LTD 0.06% of their portfolio | 1.2m $54.4m | Reduced -238.3k |
| PICTET ASSET MANAGEMENT SA 0.06% of their portfolio | 1.1m $46.0m | Added +78.2k |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 973.8k $40.0m | Reduced -84.5k |
| Candriam S.C.A. 0.24% of their portfolio | 899.7k $34.0m | Added +116.5k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.17% of their portfolio | 868.7k $35.7m | Added +473.5k |
| Allianz Asset Management GmbH 0.07% of their portfolio | 782.4k $32.1m | Added +29.1k |
| Point72 Asset Management, L.P. 0.11% of their portfolio | 755.4k $31.0m | Added +98.0k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 684.8k $29.7m | Added +334.8k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 674.7k $27.7m | Added +13.2k |
| Utah Retirement Systems 0.38% of their portfolio | 646.5k $26.5m | Added +120.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.06% of their portfolio | 629.9k $25.9m | Reduced -9.6k |
| Asset Management One Co., Ltd. 0.12% of their portfolio | 629.6k $25.9m | Reduced -18.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 607.1k $24.9m | Added +76.0k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 594.9k $24.4m | Added +146.9k |
| California Public Employees Retirement System 0.02% of their portfolio | 580.6k $23.8m | Reduced -126.5k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.10% of their portfolio | 576.8k $23.7m | Added +54.0k |
| State of Tennessee, Department of Treasury 0.10% of their portfolio | 575.8k $23.6m | Added +51.4k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 561.4k $23.0m | Added +303 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 544.9k $22.4m | Added +416.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 535.9k $22.0m | Reduced -166.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 534.6k $22.0m | Reduced -3.0k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 518.0k $21.3m | Added +77.6k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 505.2k $20.8m | Added +30.8k |
| National Pension Service 0.04% of their portfolio | 504.2k $20.1m | Reduced -24.0k |
| Amundi 0.01% of their portfolio | 478.1k $19.4m | Added +54.0k |
| AXA S.A. 0.07% of their portfolio | 470.7k $19.3m | Reduced -935 |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 467.2k $19.2m | Reduced -6.7k |
| State of New Jersey Common Pension Fund D 0.07% of their portfolio | 458.0k $18.8m | Added +20.0k |
| Thrivent Financial for Lutherans 0.04% of their portfolio | 421.1k $17.3m | Added +143.1k |
| Investure, LLC 3.15% of their portfolio | 411.9k $16.9m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 411.4k $16.9m | Added +23.5k |
| NOMURA ASSET MANAGEMENT CO LTD 0.09% of their portfolio | 409.2k $16.8m | Added +20.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 402.2k $16.5m | Added +15.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 380.7k $15.6m | Added +11.6k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.05% of their portfolio | 375.4k $15.4m | Added +108.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 375.2k $15.4m | Unchanged |
| BARCLAYS PLC 0.01% of their portfolio | 341.5k $14.0m | Reduced -367.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 321.6k $13.2m | Added +4.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 319.7k $13.1m | Reduced -196 |
| Cercano Management LLC 0.48% of their portfolio | 294.3k $12.1m | Unchanged |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 293.4k $12.0m | Reduced -688.0k |
| CITIGROUP INC 0.02% of their portfolio | 279.1k $11.5m | Reduced -11.7k |
| Retirement Systems of Alabama 0.05% of their portfolio | 277.7k $11.4m | Reduced -6.8k |
| MAKENA CAPITAL MANAGEMENT LLC 2.13% of their portfolio | 273.2k $11.2m | Reduced -23.2k |
| GATEWAY INVESTMENT ADVISERS LLC 0.13% of their portfolio | 267.3k $11.0m | Reduced -4.7k |
| GRS Advisors, LLC 2.05% of their portfolio | 260.8k $10.7m | New |
| Greenland Capital Management LP 1.23% of their portfolio | 250.0k $10.3m | Added +231.0k |
| B&I Capital AG 3.32% of their portfolio | 244.2k $10.0m | Added +72.5k |
| Davis Selected Advisers 0.06% of their portfolio | 238.7k $9.8m | Added +1.8k |
| Manning & Napier Group, LLC 0.11% of their portfolio | 238.4k $9.8m | Added +57.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 230.9k $9.5m | Added +842 |
| J.P. Morgan Private Wealth Advisors LLC 0.02% of their portfolio | 222.1k $9.1m | Reduced -3.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 219.8k $9.0m | Reduced -79.5k |
| WESTPAC BANKING CORP 0.12% of their portfolio | 219.3k $9.0m | Added +92.0k |
| DekaBank Deutsche Girozentrale 0.02% of their portfolio | 214.0k $8.5m | Added +16.9k |
| State of Alaska, Department of Revenue 0.10% of their portfolio | 213.4k $8.8m | Added +6.3k |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.38% of their portfolio | 204.5k $8.4m | Added +1.1k |
| STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio | 202.1k $8.3m | Reduced -3.9k |
| NISA INVESTMENT ADVISORS, LLC 0.06% of their portfolio | 202.0k $8.3m | Added +5.4k |
| Employees Retirement System of Texas 0.12% of their portfolio | 197.5k $8.1m | Reduced -30.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 193.4k $7.9m | Reduced -132.6k |