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 ($35.8m this quarter). Holder counts are more reliable. Shares outstanding: 331.1m as of 2025-02-14, 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 ≈ $43.39. Options: 6 managers hold calls ($1.3m notional), 4 hold puts ($1.4m).
Trends to Q4 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 |
| Q3 2024 | 507 |
| Q4 2024 | 513 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 228 | 174 |
| Q2 2023 | 181 | 216 |
| Q3 2023 | 201 | 211 |
| Q4 2023 | 199 | 230 |
| Q1 2024 | 224 | 208 |
| Q2 2024 | 248 | 194 |
| Q3 2024 | 239 | 211 |
| Q4 2024 | 229 | 225 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $6.5m | $19.2m | 2.97 |
| Q2 2024 | $4.9m | $20.4m | 4.15 |
| Q3 2024 | $1.4m | $2.0m | 1.38 |
| Q4 2024 | $1.3m | $1.4m | 1.05 |
Biggest buyers
| Capital Research Global Investors | Added | +5.1m |
| Invesco Ltd. | Added | +3.6m |
| NORTHERN TRUST CORP | Added | +1.7m |
| FMR LLC | Added | +1.2m |
| BlackRock, Inc. | Added | +772.1k |
| CITADEL ADVISORS LLC | New | +749.4k |
| Waterfront Capital Partners, LLC | New | +616.0k |
| PRUDENTIAL FINANCIAL INC | Added | +583.1k |
| DEUTSCHE BANK AG\ | Added | +524.6k |
| AXA S.A. | Added | +314.4k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -8.3m |
| MIZUHO SECURITIES USA LLC | Reduced | -2.0m |
| AEW CAPITAL MANAGEMENT L P | Reduced | -1.9m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.4m |
| Heitman Real Estate Securities LLC | Sold out | -1.0m |
| Land & Buildings Investment Management, LLC | Sold out | -634.2k |
| Brookfield Corp /ON/ | Sold out | -610.0k |
| SEI INVESTMENTS CO | Reduced | -518.2k |
| Qube Research & Technologies Ltd | Reduced | -498.1k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Reduced | -496.0k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $1.1m24.3k shares |
| GROUP ONE TRADING LLC | Reduced | $99.8k2.3k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Unchanged | $95.5k2.2k shares |
| SIMPLEX TRADING, LLC | Unchanged | $43.0k1.0k shares |
| HighTower Advisors, LLC | Unchanged | $591100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $994.1k22.9k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Unchanged | $299.5k6.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $60.0k1.4k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.04% of their portfolio | 50.8m $2.2bn | Added +180.6k |
| BlackRock, Inc. 0.03% of their portfolio | 33.3m $1.4bn | Added +772.1k |
| COHEN & STEERS, INC. 2.51% of their portfolio | 30.6m $1.3bn | Added +14.2k |
| NORGES BANK 0.17% of their portfolio | 29.3m $1.3bn | Reduced -157.5k |
| STATE STREET CORP 0.04% of their portfolio | 20.7m $898.1m | Reduced -87.8k |
| Capital Research Global Investors 0.12% of their portfolio | 13.1m $566.9m | Added +5.1m |
| FMR LLC 0.03% of their portfolio | 12.6m $546.6m | Added +1.2m |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 4.12% of their portfolio | 9.0m $390.4m | Reduced -301.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 7.9m $343.1m | Added +220.3k |
| Invesco Ltd. 0.06% of their portfolio | 7.5m $327.1m | Added +3.6m |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 7.2m $313.9m | Reduced -8.3m |
| Daiwa Securities Group Inc. 1.36% of their portfolio | 7.0m $303.8m | Reduced -111.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio | 6.9m $300.7m | Reduced -166.6k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 4.9m $210.7m | Added +1.7m |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 4.8m $206.5m | Added +44.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 4.4m $189.6m | Added +95.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 3.2m $139.2m | Added +120.5k |
| Legal & General Group Plc 0.04% of their portfolio | 3.2m $137.4m | Reduced -188.8k |
| PGGM Investments 1.83% of their portfolio | 3.2m $137.3m | Added +228.3k |
| PRUDENTIAL FINANCIAL INC 0.18% of their portfolio | 3.0m $129.8m | Added +583.1k |
| MORGAN STANLEY 0.01% of their portfolio | 2.6m $114.3m | Reduced -126.1k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 2.6m $110.8m | Added +105.6k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 2.3m $99.2m | Reduced -96.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.09% of their portfolio | 2.3m $97.8m | Reduced -202.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 2.2m $93.4m | Reduced -115.7k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 2.0m $85.9m | Reduced -1.4m |
| UBS Group AG 0.02% of their portfolio | 2.0m $85.0m | Reduced -28.1k |
| Amundi 0.02% of their portfolio | 1.7m $68.2m | Added +307.8k |
| APG Asset Management US Inc. 0.51% of their portfolio | 1.6m $67.4m | Added +111.6k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 1.5m $63.0m | Added +524.6k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 1.4m $62.3m | Reduced -109.3k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 1.3m $58.0m | Reduced -94.4k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 2.38% of their portfolio | 1.3m $56.4m | Reduced -293.9k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.24% of their portfolio | 1.3m $54.8m | Reduced -190.6k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.92% of their portfolio | 1.2m $51.9m | Reduced -496.0k |
| SEI INVESTMENTS CO 0.06% of their portfolio | 1.1m $48.4m | Reduced -518.2k |
| Allianz Asset Management GmbH 0.06% of their portfolio | 1.0m $44.8m | Added +64.7k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.08% of their portfolio | 969.2k $42.1m | First filing |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 962.3k $41.4m | Added +67.3k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 941.0k $40.8m | Reduced -95.6k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 902.7k $39.2m | Reduced -360.1k |
| Swiss National Bank 0.03% of their portfolio | 885.1k $38.4m | Reduced -40.9k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 867.9k $37.7m | Reduced -35.8k |
| AXA S.A. 0.11% of their portfolio | 856.0k $37.2m | Added +314.4k |
| STRS OHIO 0.14% of their portfolio | 828.7k $36.0m | Reduced -156.3k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 784.9k $34.0m | Added +21.0k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 749.4k $32.5m | New |
| BARCLAYS PLC 0.02% of their portfolio | 745.6k $32.4m | Added +129.3k |
| Utah Retirement Systems 0.35% of their portfolio | 724.4k $31.4m | Added +300 |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 710.0k $30.6m | Added +86.5k |
| State of Tennessee, Department of Treasury 0.10% of their portfolio | 664.7k $28.9m | Reduced -5.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 661.4k $28.7m | Added +143.6k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 616.4k $26.8m | Reduced -5.5k |
| Waterfront Capital Partners, LLC 5.00% of their portfolio | 616.0k $26.7m | New |
| Asset Management One Co., Ltd. 0.09% of their portfolio | 587.8k $25.5m | Added +42.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 578.6k $25.1m | Reduced -458.0k |
| California Public Employees Retirement System 0.02% of their portfolio | 553.5k $24.0m | Reduced -57.1k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.08% of their portfolio | 537.9k $23.3m | Reduced -9.7k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 522.0k $22.7m | First filing |
| Woodline Partners LP 0.15% of their portfolio | 520.5k $22.6m | Added +37.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 512.5k $22.2m | Added +160.7k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 500.5k $21.7m | Added +57.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 496.6k $21.6m | Added +84.3k |
| Presima Securities ULC 5.30% of their portfolio | 496.1k $21.5m | Added +44.2k |
| Investure, LLC 1.27% of their portfolio | 493.9k $21.4m | Added +82.0k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 491.1k $21.3m | Added +24.5k |
| NOMURA ASSET MANAGEMENT CO LTD 0.06% of their portfolio | 483.8k $21.0m | Added +18.4k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 468.4k $20.3m | Added +12.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 468.1k $20.3m | Reduced -15.9k |
| Chevy Chase Trust Holdings, LLC 0.06% of their portfolio | 423.9k $18.4m | Reduced -24.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 422.1k $18.3m | Added +1.7k |
| Alyeska Investment Group, L.P. 0.06% of their portfolio | 354.7k $15.4m | Reduced -446.8k |
| TUDOR INVESTMENT CORP ET AL 0.16% of their portfolio | 338.4k $14.7m | Reduced -309.9k |
| State of New Jersey Common Pension Fund D 0.06% of their portfolio | 337.5k $14.7m | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 328.3k $14.2m | Reduced -28.3k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.09% of their portfolio | 326.6k $14.2m | Added +206.9k |
| APG Asset Management N.V. 0.04% of their portfolio | 322.8k $13.5m | Added +158.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 301.2k $13.1m | Reduced -794 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.04% of their portfolio | 299.4k $13.0m | Added +59.7k |
| KBC Group NV 0.03% of their portfolio | 284.4k $12.3m | Reduced -23.9k |
| CITIGROUP INC 0.01% of their portfolio | 283.1k $12.3m | Reduced -17.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 275.3k $12.0m | Added +87.3k |
| NISA INVESTMENT ADVISORS, LLC 0.04% of their portfolio | 265.2k $11.5m | Added +35.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 259.4k $11.3m | Reduced -17.8k |
| OMERS ADMINISTRATION Corp 0.09% of their portfolio | 246.7k $10.7m | Reduced -21.8k |
| AEW CAPITAL MANAGEMENT L P 0.51% of their portfolio | 243.4k $10.6m | Reduced -1.9m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio | 240.5k $10.4m | Reduced -77.6k |
| Retirement Systems of Alabama 0.04% of their portfolio | 238.6k $10.4m | Reduced -1.3k |
| B&I Capital AG 3.31% of their portfolio | 233.8k $10.2m | Reduced -14.8k |
| Aberdeen Group plc 0.02% of their portfolio | 219.2k $9.5m | Added +23.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 218.4k $9.5m | Reduced -1.3k |
| DekaBank Deutsche Girozentrale 0.02% of their portfolio | 209.5k $9.0m | Unchanged |
| CARRONADE CAPITAL MANAGEMENT, LP 1.53% of their portfolio | 201.0k $8.7m | Added +15.8k |
| Davis Selected Advisers 0.05% of their portfolio | 195.9k $8.5m | Reduced -1.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 195.1k $8.5m | Added +103.2k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 194.7k $8.5m | Reduced -8.1k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 193.5k $8.4m | Reduced -43.2k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 193.4k $7.9m | Added +16.3k |
| State of Alaska, Department of Revenue 0.09% of their portfolio | 192.6k $8.4m | Added +916 |
| CONTRAVISORY INVESTMENT MANAGEMENT, INC. 1.72% of their portfolio | 185.8k $8.1m | Added +930 |