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 ($15.7m this quarter). Holder counts are more reliable. Shares outstanding: 329.8m as of 2024-07-29, 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 ≈ $41.12. Options: 6 managers hold calls ($4.9m notional), 8 hold puts ($20.4m).
Trends to Q2 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 |
| Q2 2024 | 482 |
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 |
| Q2 2024 | 248 | 194 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $1.4m | $4.4m | 3.21 |
| Q4 2023 | $6.5m | $5.0m | 0.77 |
| Q1 2024 | $6.5m | $19.2m | 2.97 |
| Q2 2024 | $4.9m | $20.4m | 4.15 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +8.9m |
| CITADEL ADVISORS LLC | Added | +2.3m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.9m |
| Heitman Real Estate Securities LLC | New | +1.7m |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Added | +1.3m |
| Waterfront Capital Partners, LLC | New | +1.1m |
| COHEN & STEERS, INC. | Added | +1.1m |
| ALLIANCEBERNSTEIN L.P. | Added | +964.8k |
| NEUBERGER BERMAN GROUP LLC | Added | +891.6k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Added | +808.5k |
Biggest sellers
| Invesco Ltd. | Reduced | -10.2m |
| MORGAN STANLEY | Reduced | -4.9m |
| BlackRock Inc. | Reduced | -2.9m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -2.5m |
| Balyasny Asset Management L.P. | Reduced | -1.5m |
| Ranger Global Real Estate Advisors, LLC | Sold out | -1.0m |
| ExodusPoint Capital Management, LP | Sold out | -744.5k |
| Resolution Capital Ltd | Reduced | -672.9k |
| CITIGROUP INC | Reduced | -628.0k |
| Legal & General Group Plc | Reduced | -593.6k |
Biggest calls
| SIMPLEX TRADING, LLC | Reduced | $2.0m47.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.7m40.1k shares |
| CITADEL ADVISORS LLC | Reduced | $1.2m28.6k shares |
| GROUP ONE TRADING LLC | Reduced | $78.2k1.9k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | New | $45.3k1.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Walleye Trading LLC | Unchanged | $9.0m218.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $5.0m121.4k shares |
| CITADEL ADVISORS LLC | Reduced | $3.2m78.2k shares |
| JANE STREET GROUP, LLC | Reduced | $2.7m65.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $308.6k7.5k shares |
| GROUP ONE TRADING LLC | Reduced | $111.1k2.7k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | New | $111.1k2.7k 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 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 | — | 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 | — | — |
| Q2 2024 | 0 | — | 2 | $3.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-07 | TOOMEY THOMAS W Chairman and CEO, director | Sold | $3.6m90.0k shares |
| 2024-05-10 | Lacy Michael D SVP-Property Operations | Sold | $171.8k4.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.04% of their portfolio | 50.5m $2.1bn | Reduced -517.0k |
| BlackRock Inc. 0.03% of their portfolio | 31.9m $1.3bn | Reduced -2.9m |
| COHEN & STEERS, INC. 2.53% of their portfolio | 29.4m $1.2bn | Added +1.1m |
| NORGES BANK 0.17% of their portfolio | 27.9m $1.1bn | Added +54.6k |
| STATE STREET CORP 0.04% of their portfolio | 20.8m $855.2m | Reduced -470.2k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 14.8m $607.2m | Added +8.9m |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 4.84% of their portfolio | 10.9m $447.6m | Added +1.3m |
| FMR LLC 0.03% of their portfolio | 9.9m $408.6m | Added +216.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 7.7m $317.4m | Added +168.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio | 7.1m $293.5m | Reduced -145.2k |
| Daiwa Securities Group Inc. 1.52% of their portfolio | 7.0m $286.0m | Reduced -517.5k |
| Invesco Ltd. 0.05% of their portfolio | 5.5m $227.0m | Reduced -10.2m |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 4.7m $194.7m | Added +103.4k |
| Capital Research Global Investors 0.04% of their portfolio | 4.7m $193.8m | Added +1.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 4.2m $171.0m | Reduced -2.5k |
| Legal & General Group Plc 0.04% of their portfolio | 3.7m $151.2m | Reduced -593.6k |
| MILLENNIUM MANAGEMENT LLC 0.12% of their portfolio | 3.5m $144.0m | Added +1.9m |
| NORTHERN TRUST CORP 0.02% of their portfolio | 3.4m $138.8m | Reduced -29.9k |
| PGGM Investments 1.87% of their portfolio | 3.2m $130.7m | Reduced -35.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.12% of their portfolio | 3.0m $122.7m | Added +76.5k |
| MORGAN STANLEY 0.01% of their portfolio | 2.7m $110.4m | Reduced -4.9m |
| Bank of New York Mellon Corp 0.02% of their portfolio | 2.5m $104.6m | Reduced -41.6k |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 2.4m $98.5m | Added +2.3m |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 2.3m $94.0m | Reduced -58.8k |
| AEW CAPITAL MANAGEMENT L P 4.47% of their portfolio | 2.2m $92.4m | Added +193.0k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 2.2m $88.5m | Added +712.5k |
| Balyasny Asset Management L.P. 0.19% of their portfolio | 1.8m $72.6m | Reduced -1.5m |
| SEI INVESTMENTS CO 0.10% of their portfolio | 1.7m $71.9m | Added +76.2k |
| Heitman Real Estate Securities LLC 4.39% of their portfolio | 1.7m $69.4m | New |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 2.84% of their portfolio | 1.6m $66.4m | Added +165.9k |
| UBS Group AG 0.02% of their portfolio | 1.6m $64.9m | Added +455.8k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.27% of their portfolio | 1.5m $62.6m | Reduced -8.4k |
| Russell Investments Group, Ltd. 0.10% of their portfolio | 1.5m $62.5m | Reduced -236.6k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 1.5m $62.1m | Added +964.8k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 1.3m $54.3m | Added +454.1k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 1.2m $50.6m | Reduced -450.2k |
| Alyeska Investment Group, L.P. 0.28% of their portfolio | 1.2m $48.2m | Added +104.3k |
| Waterfront Capital Partners, LLC 5.94% of their portfolio | 1.1m $46.2m | New |
| AXA S.A. 0.07% of their portfolio | 1.1m $44.8m | Added +490.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.1m $43.8m | Reduced -138.1k |
| STRS OHIO 0.17% of their portfolio | 1.1m $43.4m | Added +566.1k |
| Amundi 0.02% of their portfolio | 1.0m $42.4m | Added +547.6k |
| Resolution Capital Ltd 0.77% of their portfolio | 992.9k $40.9m | Reduced -672.9k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 991.3k $40.8m | Added +229.4k |
| Nekton Capital Ltd. 17.53% of their portfolio | 938.4k $38.6m | Reduced -39.2k |
| Swiss National Bank 0.03% of their portfolio | 926.0k $38.1m | Reduced -9.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 901.3k $37.1m | Added +21.1k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 898.7k $37.0m | Added +891.6k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.64% of their portfolio | 855.5k $35.2m | Added +808.5k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 849.3k $34.9m | Added +58.5k |
| Qube Research & Technologies Ltd 0.06% of their portfolio | 731.3k $30.1m | Added +3.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio | 727.3k $29.9m | Added +265.5k |
| Utah Retirement Systems 0.35% of their portfolio | 724.1k $29.8m | Reduced -2.6k |
| Brookfield Corp /ON/ 0.17% of their portfolio | 658.6k $27.1m | Reduced -61.1k |
| BARCLAYS PLC 0.01% of their portfolio | 655.2k $27.0m | Added +53.3k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 643.5k $26.5m | Reduced -17.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 607.9k $25.0m | Added +10.4k |
| California Public Employees Retirement System 0.02% of their portfolio | 598.9k $24.6m | Added +2.8k |
| State of Tennessee, Department of Treasury 0.09% of their portfolio | 566.0k $23.3m | Reduced -28.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.09% of their portfolio | 554.1k $22.8m | Reduced -3.6k |
| Asset Management One Co., Ltd. 0.09% of their portfolio | 550.7k $22.7m | Reduced -15.2k |
| APG Asset Management US Inc. 0.13% of their portfolio | 550.0k $22.6m | New |
| MARSHALL WACE, LLP 0.03% of their portfolio | 519.2k $21.4m | Reduced -197.2k |
| Presima Securities ULC 4.72% of their portfolio | 515.4k $21.2m | Added +27.8k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 509.7k $21.0m | Reduced -51.0k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 501.1k $20.6m | Reduced -49.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 487.8k $20.1m | Added +12.5k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 466.9k $19.2m | Added +427.2k |
| NOMURA ASSET MANAGEMENT CO LTD 0.07% of their portfolio | 464.9k $19.1m | Added +29.0k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 443.5k $18.2m | Added +14.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 423.4k $17.4m | Added +58.3k |
| CITIGROUP INC 0.02% of their portfolio | 416.0k $17.1m | Reduced -628.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 414.4k $17.1m | Added +9.7k |
| Investure, LLC 2.07% of their portfolio | 411.9k $17.0m | Unchanged |
| Verition Fund Management LLC 0.12% of their portfolio | 379.2k $15.6m | Added +279.0k |
| Thrivent Financial for Lutherans 0.03% of their portfolio | 378.6k $15.6m | Reduced -13.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 369.2k $15.2m | Added +6.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 356.6k $14.7m | Reduced -18.6k |
| TUDOR INVESTMENT CORP ET AL 0.15% of their portfolio | 334.6k $13.8m | Added +323.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 330.3k $13.6m | Reduced -439.5k |
| State of New Jersey Common Pension Fund D 0.06% of their portfolio | 327.5k $13.5m | Reduced -156.8k |
| SCOUT INVESTMENTS, INC. 0.35% of their portfolio | 320.8k $13.2m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 320.8k $13.2m | Reduced -2.5m |
| OMERS ADMINISTRATION Corp 0.12% of their portfolio | 306.9k $12.6m | Added +49.3k |
| Gillson Capital LP 1.20% of their portfolio | 302.8k $12.5m | Reduced -451.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 299.6k $12.3m | Added +4.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 278.4k $11.5m | Reduced -2.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 270.0k $11.1m | Reduced -265.1k |
| Lighthouse Investment Partners, LLC 0.60% of their portfolio | 260.0k $10.7m | New |
| B&I Capital AG 3.38% of their portfolio | 256.8k $10.6m | Added +38.5k |
| Employees Retirement System of Texas 0.10% of their portfolio | 253.5k $10.4m | Added +133.0k |
| Hudson Bay Capital Management LP 0.08% of their portfolio | 247.2k $10.2m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 246.9k $10.2m | Added +24.1k |
| Retirement Systems of Alabama 0.04% of their portfolio | 242.7k $10.0m | Reduced -10.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 241.4k $9.9m | Reduced -3.8k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.03% of their portfolio | 235.3k $9.7m | Added +6.7k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 226.0k $9.3m | Added +20.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 218.8k $9.0m | Reduced -38 |
| APG Asset Management N.V. 0.01% of their portfolio | 210.6k $8.1m | Added +199.7k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 204.0k $8.4m | Added +10.0k |