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 ($11.1m this quarter). Holder counts are more reliable. Shares outstanding: 329.3m as of 2024-04-29, 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 ≈ $37.41. Options: 6 managers hold calls ($6.5m notional), 7 hold puts ($19.2m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 443 |
| Q4 2022 | 443 |
| Q1 2023 | 438 |
| Q2 2023 | 443 |
| Q3 2023 | 452 |
| Q4 2023 | 462 |
| Q1 2024 | 454 |
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 |
| Q3 2023 | 201 | 211 |
| Q4 2023 | 199 | 230 |
| Q1 2024 | 224 | 208 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $2.6m | $1.4m | 0.54 |
| Q3 2023 | $1.4m | $4.4m | 3.21 |
| Q4 2023 | $6.5m | $5.0m | 0.77 |
| Q1 2024 | $6.5m | $19.2m | 2.97 |
Biggest buyers
| Capital Research Global Investors | New | +4.7m |
| Invesco Ltd. | Added | +3.9m |
| MORGAN STANLEY | Added | +2.3m |
| Resolution Capital Ltd | New | +1.7m |
| COHEN & STEERS, INC. | Added | +1.5m |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Added | +1.4m |
| Daiwa Securities Group Inc. | Added | +1.4m |
| Balyasny Asset Management L.P. | Added | +1.1m |
| UBS Group AG | Added | +1.1m |
| Alyeska Investment Group, L.P. | New | +1.1m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -5.3m |
| DEUTSCHE BANK AG\ | Reduced | -2.7m |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | Sold out | -1.8m |
| Heitman Real Estate Securities LLC | Sold out | -1.6m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.5m |
| STATE STREET CORP | Reduced | -1.3m |
| Soroban Capital Partners LP | Sold out | -1.2m |
| Waterfront Capital Partners, LLC | Sold out | -914.2k |
| Pictet Asset Management Holding SA | Reduced | -862.5k |
| PRUDENTIAL FINANCIAL INC | Reduced | -797.6k |
Biggest calls
| SIMPLEX TRADING, LLC | Added | $2.3m62.1k shares |
| CITADEL ADVISORS LLC | Added | $1.8m47.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.8m47.0k shares |
| JANE STREET GROUP, LLC | Added | $531.2k14.2k shares |
| GROUP ONE TRADING LLC | Added | $86.0k2.3k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Walleye Trading LLC | New | $8.2m218.1k shares |
| SIMPLEX TRADING, LLC | Added | $4.6m121.7k shares |
| CITADEL ADVISORS LLC | Added | $3.4m89.9k shares |
| JANE STREET GROUP, LLC | New | $2.5m66.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $415.3k11.1k shares |
| GROUP ONE TRADING LLC | Added | $273.1k7.3k 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 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 |
|---|---|---|---|---|---|
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $808.8k | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 1 | $1.7m | — |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.04% of their portfolio | 51.1m $1.9bn | Added +233.5k |
| BlackRock Inc. 0.03% of their portfolio | 34.8m $1.3bn | Added +93.1k |
| COHEN & STEERS, INC. 2.22% of their portfolio | 28.3m $1.1bn | Added +1.5m |
| NORGES BANK 0.16% of their portfolio | 27.8m $1.0bn | Added +7.0k |
| STATE STREET CORP 0.04% of their portfolio | 21.3m $795.0m | Reduced -1.3m |
| Invesco Ltd. 0.13% of their portfolio | 15.7m $587.2m | Added +3.9m |
| FMR LLC 0.02% of their portfolio | 9.7m $363.4m | Added +165.5k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 4.20% of their portfolio | 9.6m $363.7m | Added +1.4m |
| MORGAN STANLEY 0.01% of their portfolio | 7.6m $284.9m | Added +2.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 7.6m $282.2m | Added +223.4k |
| Daiwa Securities Group Inc. 1.58% of their portfolio | 7.5m $279.4m | Added +1.4m |
| WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio | 7.3m $272.3m | Reduced -73.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 5.8m $217.4m | Reduced -5.3m |
| Capital Research Global Investors 0.04% of their portfolio | 4.7m $176.1m | New |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 4.6m $173.2m | Added +54.3k |
| Legal & General Group Plc 0.05% of their portfolio | 4.3m $159.7m | Reduced -9.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 4.2m $155.5m | Added +29.1k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 3.4m $127.3m | Reduced -174.8k |
| Balyasny Asset Management L.P. 0.31% of their portfolio | 3.2m $120.9m | Added +1.1m |
| PGGM Investments 1.74% of their portfolio | 3.2m $120.2m | Added +887.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.11% of their portfolio | 2.9m $108.7m | Added +76.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 2.8m $104.4m | Reduced -46.1k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 2.6m $96.6m | Reduced -68.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 2.3m $87.6m | Added +512.4k |
| AEW CAPITAL MANAGEMENT L P 3.74% of their portfolio | 2.1m $76.8m | Reduced -548.5k |
| Russell Investments Group, Ltd. 0.10% of their portfolio | 1.8m $65.7m | Reduced -411.9k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 1.7m $62.8m | Added +292.8k |
| SEI INVESTMENTS CO 0.09% of their portfolio | 1.7m $62.5m | Added +318.3k |
| Resolution Capital Ltd 1.11% of their portfolio | 1.7m $62.3m | New |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 1.6m $60.8m | Reduced -1.5m |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.23% of their portfolio | 1.5m $57.2m | Reduced -39.7k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 2.23% of their portfolio | 1.4m $54.1m | Added +567.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.4m $53.8m | Reduced -136.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.2m $45.0m | Reduced -224.5k |
| UBS Group AG 0.01% of their portfolio | 1.1m $42.0m | Added +1.1m |
| Alyeska Investment Group, L.P. 0.25% of their portfolio | 1.1m $40.0m | New |
| CITIGROUP INC 0.04% of their portfolio | 1.0m $39.1m | Added +671.5k |
| Ranger Global Real Estate Advisors, LLC 6.10% of their portfolio | 1.0m $30.5m | Added +131.4k |
| Nekton Capital Ltd. 8.53% of their portfolio | 977.6k $36.6m | Reduced -212.9k |
| Swiss National Bank 0.02% of their portfolio | 935.8k $35.0m | Reduced -43.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 880.2k $32.9m | Reduced -701.2k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 866.5k $32.4m | Reduced -117.1k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 790.8k $29.6m | Added +29.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 769.8k $28.8m | Added +402.8k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 762.0k $28.5m | Reduced -2.7m |
| Gillson Capital LP 2.68% of their portfolio | 754.1k $28.2m | Added +286.1k |
| ExodusPoint Capital Management, LP 0.34% of their portfolio | 744.5k $27.9m | Added +587.7k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 727.9k $27.2m | Added +256.3k |
| Utah Retirement Systems 0.32% of their portfolio | 726.7k $27.2m | Reduced -100 |
| Brookfield Corp /ON/ 0.16% of their portfolio | 719.7k $26.9m | Reduced -167.7k |
| MARSHALL WACE, LLP 0.04% of their portfolio | 716.4k $26.8m | Added +121.2k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 660.9k $24.7m | Reduced -1.3k |
| BARCLAYS PLC 0.01% of their portfolio | 601.9k $22.5m | Reduced -78.7k |
| AXA S.A. 0.07% of their portfolio | 599.2k $22.4m | Reduced -569.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 597.5k $22.4m | Added +111.3k |
| California Public Employees Retirement System 0.02% of their portfolio | 596.2k $22.3m | Added +662 |
| State of Tennessee, Department of Treasury 0.08% of their portfolio | 594.0k $22.2m | Added +15.1k |
| Asset Management One Co., Ltd. 0.08% of their portfolio | 565.9k $21.2m | Reduced -23.7k |
| Allianz Asset Management GmbH 0.04% of their portfolio | 560.7k $21.0m | Added +12.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.08% of their portfolio | 557.7k $20.9m | Reduced -14.3k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 550.9k $20.6m | Added +10.6k |
| EASTERLY INVESTMENT PARTNERS LLC 1.57% of their portfolio | 550.0k $20.6m | New |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 544.1k $20.4m | Reduced -790.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 535.1k $20.0m | Added +85.1k |
| Amundi 0.01% of their portfolio | 497.0k $17.8m | Reduced -113.2k |
| Presima Securities ULC 4.24% of their portfolio | 487.6k $18.2m | Added +10.8k |
| STRS OHIO 0.07% of their portfolio | 487.5k $18.2m | Reduced -11.7k |
| State of New Jersey Common Pension Fund D 0.05% of their portfolio | 484.3k $18.1m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 475.4k $17.8m | Reduced -2.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 461.8k $17.3m | New |
| SG Americas Securities, LLC 0.08% of their portfolio | 442.3k $16.5m | Added +371.7k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 436.4k $16.3m | Reduced -55.8k |
| NOMURA ASSET MANAGEMENT CO LTD 0.06% of their portfolio | 436.0k $16.3m | Added +14.9k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 428.7k $16.1m | Reduced -14.6k |
| Investure, LLC 2.70% of their portfolio | 411.9k $15.4m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 404.7k $15.1m | Reduced -4.8k |
| Thrivent Financial for Lutherans 0.03% of their portfolio | 391.8k $14.7m | Reduced -27.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 375.2k $15.4m | Added +18.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 365.0k $13.7m | Reduced -4.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 362.9k $13.6m | Added +4.9k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 342.3k $12.8m | Reduced -797.6k |
| Andra AP-fonden 0.22% of their portfolio | 335.0k $12.5m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 295.5k $11.1m | Reduced -13.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 280.5k $10.5m | Added +32.6k |
| MAKENA CAPITAL MANAGEMENT LLC 2.28% of their portfolio | 261.9k $9.8m | Added +3.0k |
| OMERS ADMINISTRATION Corp 0.11% of their portfolio | 257.6k $9.6m | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 253.8k $9.9m | Added +183.1k |
| Retirement Systems of Alabama 0.04% of their portfolio | 253.1k $9.5m | Added +96 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 245.2k $9.2m | Added +20.6k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.03% of their portfolio | 228.7k $8.6m | Reduced -1.3k |
| Schonfeld Strategic Advisors LLC 0.07% of their portfolio | 228.0k $8.5m | Added +160.2k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 225.0k $8.4m | Reduced -20.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio | 222.9k $8.3m | Added +175.6k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 222.8k $8.3m | Reduced -40.2k |
| NISA INVESTMENT ADVISORS, LLC 0.05% of their portfolio | 221.4k $8.3m | Added +63.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 218.9k $8.2m | Reduced -20.5k |
| B&I Capital AG 2.59% of their portfolio | 218.3k $8.2m | Reduced -8.9k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 205.2k $7.7m | Added +13.6k |
| GATEWAY INVESTMENT ADVISERS LLC 0.09% of their portfolio | 205.1k $7.7m | Reduced -34 |
| Handelsbanken Fonder AB 0.03% of their portfolio | 204.5k $7.7m | Added +15.7k |