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 ($11.6m this quarter). Holder counts are more reliable. Shares outstanding: 329.5m as of 2023-07-24, 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 ≈ $42.95. Options: 4 managers hold calls ($2.6m notional), 5 hold puts ($1.4m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 443 |
| Q4 2022 | 443 |
| Q1 2023 | 438 |
| Q2 2023 | 443 |
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 |
| Q2 2023 | 181 | 216 |
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 |
| Q2 2023 | $2.6m | $1.4m | 0.54 |
Biggest buyers
| WELLINGTON MANAGEMENT GROUP LLP | Added | +6.9m |
| DEUTSCHE BANK AG\ | Added | +3.1m |
| JANUS HENDERSON GROUP PLC | Added | +1.6m |
| Russell Investments Group, Ltd. | Added | +945.8k |
| Aberdeen Group plc | Added | +760.9k |
| Alyeska Investment Group, L.P. | New | +710.5k |
| Diamond Hill Capital Management, LLC (Investment Advisor) | Added | +393.7k |
| TUDOR INVESTMENT CORP ET AL | New | +352.6k |
| Schonfeld Strategic Advisors LLC | New | +335.5k |
| MILLENNIUM MANAGEMENT LLC | Added | +322.6k |
Biggest sellers
| FMR LLC | Reduced | -12.1m |
| COHEN & STEERS, INC. | Reduced | -5.6m |
| STRS OHIO | Reduced | -2.7m |
| VANGUARD GROUP INC | Reduced | -1.6m |
| Invesco Ltd. | Reduced | -1.4m |
| BlackRock Inc. | Reduced | -1.1m |
| Daiwa Securities Group Inc. | Reduced | -893.0k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -867.9k |
| MORGAN STANLEY | Reduced | -848.4k |
| JPMORGAN CHASE & CO | Reduced | -803.2k |
Biggest calls
| Walleye Trading LLC | Reduced | $1.6m37.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $575.7k13.4k shares |
| CITADEL ADVISORS LLC | Added | $373.8k8.7k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $816.2k19.0k shares |
| PEAK6 Investments LLC | New | $214.8k5.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $210.0k4.9k shares |
| GROUP ONE TRADING LLC | Added | $146.1k3.4k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 51.7m $2.2bn | Reduced -1.6m |
| BlackRock Inc. 0.04% of their portfolio | 33.0m $1.4bn | Reduced -1.1m |
| COHEN & STEERS, INC. 2.59% of their portfolio | 28.6m $1.2bn | Reduced -5.6m |
| NORGES BANK 0.21% of their portfolio | 24.9m $1.1bn | Unchanged |
| STATE STREET CORP 0.05% of their portfolio | 23.0m $989.0m | Added +52.0k |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 12.9m $553.7m | Reduced -803.2k |
| FMR LLC 0.04% of their portfolio | 11.7m $502.0m | Reduced -12.1m |
| Invesco Ltd. 0.13% of their portfolio | 11.4m $489.3m | Reduced -1.4m |
| WELLINGTON MANAGEMENT GROUP LLP 0.07% of their portfolio | 9.1m $389.8m | Added +6.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 7.2m $307.6m | Added +86.0k |
| Daiwa Securities Group Inc. 1.62% of their portfolio | 5.7m $245.6m | Reduced -893.0k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 4.7m $200.0m | Reduced -48.6k |
| Legal & General Group Plc 0.06% of their portfolio | 4.4m $188.5m | Added +73.4k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 4.3m $185.4m | Reduced -27.1k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.11% of their portfolio | 4.2m $179.4m | Reduced -392.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 4.0m $172.0m | Added +31.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.25% of their portfolio | 3.8m $164.3m | Reduced -77.4k |
| DEUTSCHE BANK AG\ 0.09% of their portfolio | 3.7m $160.1m | Added +3.1m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.19% of their portfolio | 3.0m $130.1m | Reduced -5.5k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 2.7m $115.3m | Reduced -66.1k |
| PGGM Investments 1.80% of their portfolio | 2.6m $111.1m | Reduced -10.0k |
| MILLENNIUM MANAGEMENT LLC 0.12% of their portfolio | 2.6m $111.1m | Added +322.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 2.6m $105.8m | Unchanged |
| Russell Investments Group, Ltd. 0.20% of their portfolio | 2.4m $102.3m | Added +945.8k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.24% of their portfolio | 2.4m $102.1m | Added +250.5k |
| AEW CAPITAL MANAGEMENT L P 3.89% of their portfolio | 2.4m $101.2m | Added +142.9k |
| MORGAN STANLEY 0.01% of their portfolio | 2.3m $99.4m | Reduced -848.4k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.1m $88.9m | Reduced -764.7k |
| Brookfield Corp /ON/ 0.35% of their portfolio | 2.0m $87.7m | Reduced -161.1k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.9m $81.4m | Added +74.3k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 1.7m $71.9m | Added +1.6m |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 1.3m $55.7m | Added +71.9k |
| SEI INVESTMENTS CO 0.10% of their portfolio | 1.3m $54.5m | Reduced -4.0k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.24% of their portfolio | 1.3m $54.2m | Added +393.7k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.93% of their portfolio | 1.2m $52.2m | Reduced -110.2k |
| Swiss National Bank 0.03% of their portfolio | 1.1m $48.5m | Reduced -162.7k |
| Ranger Global Real Estate Advisors, LLC 7.85% of their portfolio | 1.1m $48.0m | Reduced -161.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 1.1m $47.7m | Reduced -175.0k |
| PICTET ASSET MANAGEMENT SA 0.05% of their portfolio | 1.0m $44.7m | Reduced -78.8k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 1.0m $43.0m | Reduced -329.5k |
| PRUDENTIAL FINANCIAL INC 0.07% of their portfolio | 984.9k $45.4m | Reduced -237.3k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 940.3k $40.4m | Reduced -867.9k |
| Aberdeen Group plc 0.09% of their portfolio | 908.3k $39.0m | Added +760.9k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 861.6k $37.0m | Reduced -358.1k |
| Candriam S.C.A. 0.25% of their portfolio | 794.1k $34.1m | Reduced -105.6k |
| Utah Retirement Systems 0.43% of their portfolio | 726.4k $31.2m | Added +79.9k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 725.1k $31.1m | Reduced -248.7k |
| Alyeska Investment Group, L.P. 0.23% of their portfolio | 710.5k $30.5m | New |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 668.4k $28.7m | Reduced -6.3k |
| AXA S.A. 0.09% of their portfolio | 664.0k $28.5m | Added +193.4k |
| Asset Management One Co., Ltd. 0.12% of their portfolio | 642.0k $27.6m | Added +12.4k |
| Allianz Asset Management GmbH 0.06% of their portfolio | 632.8k $27.2m | Reduced -149.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.06% of their portfolio | 603.9k $25.9m | Reduced -26.1k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 596.3k $25.6m | Added +34.9k |
| State of Tennessee, Department of Treasury 0.10% of their portfolio | 575.8k $24.7m | Unchanged |
| California Public Employees Retirement System 0.02% of their portfolio | 564.7k $24.3m | Reduced -16.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.10% of their portfolio | 559.5k $24.0m | Reduced -17.3k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 543.4k $23.3m | Reduced -51.5k |
| BARCLAYS PLC 0.01% of their portfolio | 516.6k $22.2m | Added +175.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 505.6k $21.7m | Reduced -29.0k |
| National Pension Service 0.03% of their portfolio | 502.9k $21.6m | Reduced -1.3k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 496.9k $21.4m | Reduced -8.2k |
| Amundi 0.01% of their portfolio | 496.1k $21.7m | Added +18.0k |
| State of New Jersey Common Pension Fund D 0.07% of their portfolio | 480.3k $20.6m | Added +22.3k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 468.3k $20.1m | Reduced -49.7k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 451.4k $19.4m | Reduced -15.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 447.9k $19.2m | Added +45.8k |
| NOMURA ASSET MANAGEMENT CO LTD 0.08% of their portfolio | 420.8k $18.1m | Added +11.6k |
| Thrivent Financial for Lutherans 0.04% of their portfolio | 414.1k $17.8m | Reduced -7.1k |
| Hazelview Securities Inc. 2.76% of their portfolio | 412.2k $17.9m | First filing |
| Investure, LLC 3.39% of their portfolio | 411.9k $17.7m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 410.2k $17.6m | Reduced -1.2k |
| STRS OHIO 0.07% of their portfolio | 387.1k $16.6m | Reduced -2.7m |
| TORONTO DOMINION BANK 0.01% of their portfolio | 380.9k $16.4m | Added +200.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 368.8k $15.8m | Reduced -176.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 362.5k $15.6m | Reduced -12.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 357.3k $15.4m | Reduced -23.4k |
| TUDOR INVESTMENT CORP ET AL 0.25% of their portfolio | 352.6k $15.1m | New |
| Schonfeld Strategic Advisors LLC 0.12% of their portfolio | 335.5k $14.4m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 322.3k $13.8m | Added +736 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 315.7k $13.6m | Reduced -3.9k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 299.2k $13.0m | Reduced -385.6k |
| Cercano Management LLC 0.44% of their portfolio | 294.3k $12.6m | Unchanged |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.04% of their portfolio | 285.5k $12.3m | Reduced -89.8k |
| Greenland Capital Management LP 1.71% of their portfolio | 278.0k $11.9m | Added +28.0k |
| DekaBank Deutsche Girozentrale 0.03% of their portfolio | 271.1k $11.7m | Added +57.1k |
| CITIGROUP INC 0.01% of their portfolio | 270.4k $11.6m | Reduced -8.7k |
| GATEWAY INVESTMENT ADVISERS LLC 0.14% of their portfolio | 267.2k $11.5m | Reduced -131 |
| Retirement Systems of Alabama 0.05% of their portfolio | 258.4k $11.1m | Reduced -19.3k |
| MAKENA CAPITAL MANAGEMENT LLC 2.04% of their portfolio | 248.7k $10.7m | Reduced -24.6k |
| Davis Selected Advisers 0.06% of their portfolio | 244.6k $10.5m | Added +5.9k |
| Manning & Napier Group, LLC 0.12% of their portfolio | 238.4k $10.2m | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 234.4k $10.1m | Added +3.4k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.04% of their portfolio | 229.2k $9.8m | Added +53.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio | 221.2k $9.5m | Reduced -314.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 217.6k $9.3m | Reduced -2.2k |
| B&I Capital AG 3.09% of their portfolio | 215.9k $9.3m | Reduced -28.3k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 206.7k $8.9m | New |
| NISA INVESTMENT ADVISORS, LLC 0.06% of their portfolio | 198.7k $8.5m | Reduced -3.3k |
| STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio | 196.7k $8.4m | Reduced -5.4k |