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 ($20.7m this quarter). Holder counts are more reliable. Shares outstanding: 331.3m as of 2025-07-28, 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 ≈ $40.82. Options: 7 managers hold calls ($3.7m notional), 6 hold puts ($4.6m).
Trends to Q2 2025
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 |
| Q1 2025 | 513 |
| Q2 2025 | 529 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 201 | 211 |
| Q4 2023 | 199 | 230 |
| Q1 2024 | 224 | 208 |
| Q2 2024 | 248 | 194 |
| Q3 2024 | 239 | 211 |
| Q4 2024 | 229 | 225 |
| Q1 2025 | 248 | 220 |
| Q2 2025 | 268 | 224 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $1.4m | $2.0m | 1.38 |
| Q4 2024 | $1.3m | $1.4m | 1.05 |
| Q1 2025 | $2.4m | $185.9k | 0.08 |
| Q2 2025 | $3.7m | $4.6m | 1.25 |
Biggest buyers
| Capital Research Global Investors | Added | +2.5m |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Added | +1.9m |
| FMR LLC | Added | +1.6m |
| Engineers Gate Manager LP | New | +1.2m |
| JPMORGAN CHASE & CO | Added | +1.1m |
| Hudson Bay Capital Management LP | New | +790.5k |
| Vision Capital Corp | New | +774.0k |
| Nuveen, LLC | Added | +682.1k |
| Invesco Ltd. | Added | +651.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +586.2k |
Biggest sellers
| COHEN & STEERS, INC. | Reduced | -6.4m |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -2.1m |
| Daiwa Securities Group Inc. | Reduced | -1.9m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.4m |
| UBS Group AG | Reduced | -810.3k |
| GRS Advisors, LLC | Reduced | -782.6k |
| Heitman Real Estate Securities LLC | Reduced | -587.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH | Reduced | -502.1k |
| PRUDENTIAL FINANCIAL INC | Reduced | -418.8k |
| AXA S.A. | Reduced | -370.3k |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | New | $1.1m27.5k shares |
| LANDMARK INVESTMENT PARTNERS, L.P. | New | $1.1m26.7k shares |
| CITADEL ADVISORS LLC | Reduced | $963.6k23.6k shares |
| WOLVERINE TRADING, LLC | Added | $289.0k7.1k shares |
| SIMPLEX TRADING, LLC | Added | $110.0k2.7k shares |
| GROUP ONE TRADING LLC | Added | $77.6k1.9k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| PEAK6 LLC | New | $2.0m50.0k shares |
| CITADEL ADVISORS LLC | Added | $1.4m34.1k shares |
| UBS Group AG | New | $1.1m27.5k shares |
| GROUP ONE TRADING LLC | New | $4.1k100 shares |
| SIMPLEX TRADING, LLC | New | $4.0k100 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 2025
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 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 | — | — |
| Q1 2025 | 0 | — | 1 | $1.1m | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 50.7m $2.1bn | Reduced -368.7k |
| BlackRock, Inc. 0.03% of their portfolio | 32.6m $1.3bn | Reduced -315.9k |
| NORGES BANK 0.15% of their portfolio | 29.4m $1.2bn | Added +96.2k |
| COHEN & STEERS, INC. 1.95% of their portfolio | 26.1m $1.1bn | Reduced -6.4m |
| STATE STREET CORP 0.03% of their portfolio | 21.4m $874.5m | Added +281.4k |
| Capital Research Global Investors 0.13% of their portfolio | 16.1m $655.9m | Added +2.5m |
| FMR LLC 0.03% of their portfolio | 15.0m $612.5m | Added +1.6m |
| Invesco Ltd. 0.07% of their portfolio | 9.8m $400.4m | Added +651.7k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 3.78% of their portfolio | 8.9m $364.5m | Added +504.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 8.4m $340.1m | Added +180.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio | 6.7m $274.7m | Reduced -169.7k |
| Daiwa Securities Group Inc. 0.79% of their portfolio | 5.2m $213.1m | Reduced -1.9m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 4.7m $190.6m | Added +232.3k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 4.7m $190.5m | Reduced -221.4k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 4.6m $189.4m | Reduced -82.1k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 4.2m $169.8m | Added +1.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 3.8m $153.4m | Added +586.2k |
| PGGM Investments 2.60% of their portfolio | 3.7m $150.2m | Added +328.1k |
| Legal & General Group Plc 0.03% of their portfolio | 3.3m $133.8m | Added +189.7k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.95% of their portfolio | 3.1m $128.6m | Added +1.9m |
| MORGAN STANLEY 0.01% of their portfolio | 2.6m $105.6m | Reduced -161.5k |
| Nuveen, LLC 0.03% of their portfolio | 2.4m $99.7m | Added +682.1k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 2.2m $90.7m | Reduced -28.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.2m $90.6m | Reduced -73.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 2.1m $84.3m | Reduced -100.6k |
| APG Asset Management US Inc. 0.50% of their portfolio | 1.6m $67.2m | Unchanged |
| Woodline Partners LP 0.34% of their portfolio | 1.6m $65.1m | Added +172.5k |
| SEI INVESTMENTS CO 0.06% of their portfolio | 1.2m $50.7m | Reduced -79.9k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 1.2m $49.4m | Reduced -64.0k |
| Engineers Gate Manager LP 0.60% of their portfolio | 1.2m $48.5m | New |
| BARCLAYS PLC 0.02% of their portfolio | 1.2m $48.1m | Added +517.4k |
| Alyeska Investment Group, L.P. 0.17% of their portfolio | 1.2m $47.9m | Added +268.0k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 1.2m $47.3m | Reduced -190.1k |
| UBS Group AG 0.01% of their portfolio | 1.1m $46.9m | Reduced -810.3k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 1.92% of their portfolio | 1.1m $46.9m | Reduced -109.4k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 1.1m $43.0m | Reduced -120.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 972.6k $39.7m | Reduced -329.6k |
| Swiss National Bank 0.02% of their portfolio | 952.4k $38.9m | Added +68.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 930.6k $38.0m | Reduced -51.9k |
| Amundi 0.01% of their portfolio | 854.6k $34.7m | Reduced -345.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 843.9k $34.5m | Added +24.6k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 839.6k $34.2m | Added +21.4k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 835.0k $34.1m | Reduced -16.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 803.1k $32.8m | Added +82.0k |
| Hudson Bay Capital Management LP 0.21% of their portfolio | 790.5k $32.3m | New |
| Vision Capital Corp 14.12% of their portfolio | 774.0k $31.6m | New |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 771.1k $31.5m | Reduced -178.5k |
| STRS OHIO 0.12% of their portfolio | 760.9k $31.1m | Reduced -47.3k |
| Utah Retirement Systems 0.31% of their portfolio | 724.2k $29.6m | Reduced -233 |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 701.3k $28.6m | Added +25.4k |
| State of Tennessee, Department of Treasury 0.10% of their portfolio | 691.8k $28.2m | Reduced -6.3k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 647.6k $26.4m | Added +529.5k |
| Asset Management One Co., Ltd. 0.08% of their portfolio | 637.1k $26.0m | Added +18.4k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 589.2k $24.1m | Added +34.5k |
| California Public Employees Retirement System 0.02% of their portfolio | 583.1k $23.8m | Added +41.3k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.11% of their portfolio | 579.7k $23.7m | Reduced -99.7k |
| Presima Securities ULC 5.04% of their portfolio | 536.7k $21.9m | Reduced -7.5k |
| NOMURA ASSET MANAGEMENT CO LTD 0.06% of their portfolio | 533.2k $21.8m | Added +21.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.07% of their portfolio | 532.1k $21.7m | Added +7.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 527.6k $21.5m | Added +53.4k |
| PRUDENTIAL FINANCIAL INC 0.03% of their portfolio | 496.9k $21.8m | Reduced -418.8k |
| Investure, LLC 1.54% of their portfolio | 493.9k $20.2m | Unchanged |
| CITIGROUP INC 0.01% of their portfolio | 490.0k $20.0m | Added +100.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 485.6k $19.8m | Reduced -9.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 482.9k $19.7m | Added +71.8k |
| AXA S.A. 0.06% of their portfolio | 481.6k $19.7m | Reduced -370.3k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 480.3k $19.5m | Added +275.0k |
| AEW CAPITAL MANAGEMENT L P 1.03% of their portfolio | 478.3k $19.5m | Added +213.4k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 448.2k $18.3m | Reduced -20.0k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 433.8k $17.7m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 429.7k $17.5m | Reduced -2.5k |
| Aberdeen Group plc 0.03% of their portfolio | 419.8k $16.9m | Added +6.7k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 404.3k $16.5m | Reduced -84.2k |
| Chevy Chase Trust Holdings, LLC 0.05% of their portfolio | 401.2k $16.4m | Added +1.3k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 387.7k $15.8m | Reduced -77.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 372.2k $15.2m | Added +27.3k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.10% of their portfolio | 345.1k $14.1m | Added +71.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 333.6k $13.6m | Added +3.7k |
| State of New Jersey Common Pension Fund D 0.05% of their portfolio | 332.9k $13.6m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 324.6k $13.2m | Added +10.7k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.03% of their portfolio | 319.9k $13.1m | Added +16.8k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.06% of their portfolio | 319.8k $13.1m | Reduced -43.9k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 309.7k $12.6m | Reduced -502.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio | 306.1k $12.5m | Added +193.1k |
| APG Asset Management N.V. 0.03% of their portfolio | 305.3k $10.6m | Added +6.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 301.4k $12.3m | Added +56.3k |
| Heitman Real Estate Securities LLC 0.84% of their portfolio | 291.8k $11.9m | Reduced -587.5k |
| Andra AP-fonden 0.15% of their portfolio | 265.7k $10.8m | Added +117.1k |
| CARRONADE CAPITAL MANAGEMENT, LP 1.46% of their portfolio | 258.1k $10.5m | Reduced -169.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 257.7k $10.5m | Added +6.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 251.0k $10.3m | Reduced -18.5k |
| OMERS ADMINISTRATION Corp 0.08% of their portfolio | 244.8k $10.0m | Unchanged |
| Retirement Systems of Alabama 0.03% of their portfolio | 236.3k $9.6m | Reduced -1.2k |
| AVIVA PLC 0.02% of their portfolio | 215.4k $8.8m | Added +203.1k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 210.6k $8.6m | Reduced -16.4k |
| DekaBank Deutsche Girozentrale 0.02% of their portfolio | 209.5k $8.6m | Added +13.5k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 204.5k $8.3m | Reduced -4.9k |
| State of Alaska, Department of Revenue 0.09% of their portfolio | 195.5k $8.0m | Reduced -150 |
| B&I Capital AG 2.62% of their portfolio | 188.5k $7.7m | Reduced -41.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 186.1k $7.6m | Reduced -5.9k |