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 ($12.7m this quarter). Holder counts are more reliable. Shares outstanding: 328.6m as of 2026-02-11, 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 ≈ $36.68. Options: 6 managers hold calls ($28.6m notional), 7 hold puts ($35.0m).
Trends to Q4 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 |
| Q3 2025 | 513 |
| Q4 2025 | 526 |
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 2024 | 224 | 208 |
| Q2 2024 | 248 | 194 |
| Q3 2024 | 239 | 211 |
| Q4 2024 | 229 | 225 |
| Q1 2025 | 248 | 220 |
| Q2 2025 | 268 | 224 |
| Q3 2025 | 216 | 260 |
| Q4 2025 | 237 | 255 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $2.4m | $185.9k | 0.08 |
| Q2 2025 | $3.7m | $4.6m | 1.25 |
| Q3 2025 | $6.6m | $8.0m | 1.22 |
| Q4 2025 | $28.6m | $35.0m | 1.22 |
Biggest buyers
| BlackRock, Inc. | Added | +4.5m |
| RUSH ISLAND MANAGEMENT, LP | New | +3.6m |
| Woodline Partners LP | Added | +1.5m |
| GOLDMAN SACHS GROUP INC | Added | +1.1m |
| HSBC HOLDINGS PLC | Added | +1.1m |
| FIRST TRUST ADVISORS LP | Added | +984.6k |
| Balyasny Asset Management L.P. | Added | +917.2k |
| Apollo Management Holdings, L.P. | New | +885.5k |
| GRS Advisors, LLC | Added | +845.4k |
| Alyeska Investment Group, L.P. | New | +757.5k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -4.2m |
| COHEN & STEERS, INC. | Reduced | -2.3m |
| FMR LLC | Reduced | -1.9m |
| Engineers Gate Manager LP | Sold out | -1.1m |
| Qube Research & Technologies Ltd | Reduced | -1.1m |
| JANUS HENDERSON GROUP PLC | Reduced | -1.1m |
| Utah Retirement Systems | Reduced | -670.1k |
| ExodusPoint Capital Management, LP | Reduced | -602.3k |
| PRUDENTIAL FINANCIAL INC | Reduced | -552.1k |
| BARCLAYS PLC | Reduced | -510.6k |
Biggest calls
| JANE STREET GROUP, LLC | New | $27.5m750.7k shares |
| CITADEL ADVISORS LLC | Added | $454.8k12.4k shares |
| NOMURA HOLDINGS INC | New | $231.1k6.3k shares |
| SIMPLEX TRADING, LLC | Added | $179.7k4.9k shares |
| PEAK6 LLC | Unchanged | $110.0k3.0k shares |
| GROUP ONE TRADING LLC | New | $84.4k2.3k shares |
Biggest puts
| UBS Group AG | Added | $31.2m850.7k shares |
| PEAK6 LLC | Unchanged | $1.8m50.0k shares |
| CITADEL ADVISORS LLC | Reduced | $1.3m34.5k shares |
| GOLDMAN SACHS GROUP INC | New | $330.1k9.0k shares |
| JANE STREET GROUP, LLC | Reduced | $242.1k6.6k shares |
| GROUP ONE TRADING LLC | Reduced | $84.4k2.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $44.0k1.2k 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 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 49.9m $1.8bn | Reduced -394.0k |
| BlackRock, Inc. 0.02% of their portfolio | 37.3m $1.4bn | Added +4.5m |
| NORGES BANK 0.12% of their portfolio | 29.5m $1.1bn | Not comparable |
| COHEN & STEERS, INC. 1.61% of their portfolio | 24.3m $890.0m | Reduced -2.3m |
| STATE STREET CORP 0.03% of their portfolio | 21.9m $803.7m | Added +17.5k |
| Capital Research Global Investors 0.10% of their portfolio | 14.3m $523.0m | Reduced -229.1k |
| FMR LLC 0.03% of their portfolio | 13.9m $511.1m | Reduced -1.9m |
| Invesco Ltd. 0.04% of their portfolio | 10.3m $376.9m | Reduced -40.1k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 3.40% of their portfolio | 9.4m $344.4m | Added +593.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 8.6m $312.9m | Added +87.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 6.4m $233.0m | Reduced -224.0k |
| Daiwa Securities Group Inc. 0.62% of their portfolio | 5.2m $190.6m | Reduced -322.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 4.9m $181.3m | Added +228.2k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 4.7m $172.6m | Added +83.1k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 2.52% of their portfolio | 4.7m $171.9m | Added +320.4k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 4.5m $165.3m | Reduced -51.9k |
| PGGM Investments 2.40% of their portfolio | 4.1m $151.6m | Added +154.1k |
| RUSH ISLAND MANAGEMENT, LP 8.17% of their portfolio | 3.6m $130.8m | New |
| PRUDENTIAL FINANCIAL INC 0.15% of their portfolio | 3.5m $126.8m | Reduced -552.1k |
| MORGAN STANLEY 0.01% of their portfolio | 3.4m $125.3m | Added +614.8k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.3m $122.8m | Reduced -4.2m |
| Legal & General Group Plc 0.03% of their portfolio | 3.3m $119.4m | Added +165.8k |
| Balyasny Asset Management L.P. 0.20% of their portfolio | 2.9m $107.9m | Added +917.2k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.7m $98.1m | Added +1.1m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.3m $84.4m | Added +180.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 2.2m $81.1m | Added +116.8k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 2.1m $78.4m | Added +1.1m |
| APG Asset Management US Inc. 0.47% of their portfolio | 1.6m $60.4m | Unchanged |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 1.6m $58.6m | Added +542.6k |
| Woodline Partners LP 0.22% of their portfolio | 1.6m $57.7m | Added +1.5m |
| UBS Group AG 0.01% of their portfolio | 1.6m $57.3m | Added +296.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.5m $56.8m | Added +294.4k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 1.96% of their portfolio | 1.3m $48.9m | Added +97.2k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 1.1m $41.9m | Reduced -38.0k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 1.1m $41.3m | Reduced -10.9k |
| Hudson Bay Capital Management LP 0.23% of their portfolio | 1.1m $40.4m | Added +710.5k |
| State of Tennessee, Department of Treasury 0.13% of their portfolio | 1.1m $39.5m | Added +206.2k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 1.0m $37.8m | Added +984.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 911.9k $33.5m | Added +95.9k |
| Amundi 0.01% of their portfolio | 911.0k $33.4m | Added +163.7k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 905.5k $33.2m | Added +8.5k |
| STRS OHIO 0.12% of their portfolio | 903.9k $33.2m | Added +242.8k |
| GRS Advisors, LLC 2.95% of their portfolio | 896.4k $32.9m | Added +845.4k |
| Apollo Management Holdings, L.P. 0.32% of their portfolio | 885.5k $32.5m | New |
| Swiss National Bank 0.02% of their portfolio | 862.5k $31.6m | Reduced -44.5k |
| Nuveen, LLC 0.01% of their portfolio | 840.7k $30.8m | Reduced -289.1k |
| BARCLAYS PLC 0.01% of their portfolio | 814.6k $29.9m | Reduced -510.6k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.10% of their portfolio | 769.5k $28.2m | Added +728.3k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 768.2k $28.2m | Added +417.1k |
| Lighthouse Investment Partners, LLC 0.93% of their portfolio | 764.2k $28.0m | Added +423.2k |
| Alyeska Investment Group, L.P. 0.08% of their portfolio | 757.5k $27.8m | New |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 753.5k $27.6m | Reduced -176.3k |
| CITIGROUP INC 0.02% of their portfolio | 705.2k $25.9m | Added +108.3k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 678.9k $24.9m | Reduced -5.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 651.6k $24.1m | Reduced -94.5k |
| California Public Employees Retirement System 0.01% of their portfolio | 640.7k $23.5m | Added +21.7k |
| Asset Management One Co., Ltd. 0.06% of their portfolio | 631.7k $23.2m | Reduced -3.4k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 623.7k $22.9m | Added +5.4k |
| Freestone Grove Partners LP 0.16% of their portfolio | 615.1k $22.6m | Added +582.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 603.2k $22.1m | Added +47.9k |
| NOMURA ASSET MANAGEMENT CO LTD 0.05% of their portfolio | 563.3k $20.7m | Added +14.5k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 557.4k $20.4m | Reduced -85.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 550.7k $20.2m | Added +10.2k |
| LMR Partners LLP 0.19% of their portfolio | 534.5k $19.6m | Added +126.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.06% of their portfolio | 522.3k $19.2m | Reduced -7.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 518.9k $19.0m | Added +16.7k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.03% of their portfolio | 513.2k $18.8m | Added +213.2k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 496.2k $18.2m | Reduced -2.2k |
| Investure, LLC 1.01% of their portfolio | 493.9k $18.1m | Unchanged |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 457.0k $16.8m | Added +57.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 440.4k $16.2m | Reduced -459.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 436.7k $16.0m | Added +1.7k |
| Aberdeen Group plc 0.02% of their portfolio | 436.4k $16.0m | Added +2.5k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 431.0k $15.8m | Added +17.9k |
| Chevy Chase Trust Holdings, LLC 0.04% of their portfolio | 430.9k $15.8m | Reduced -13.9k |
| Gotham Asset Management, LLC 0.05% of their portfolio | 391.8k $14.4m | Added +254.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 389.1k $14.3m | Reduced -14.8k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 385.3k $14.1m | Reduced -16.1k |
| Korea Investment CORP 0.03% of their portfolio | 372.5k $13.7m | Added +83.5k |
| DigitalBridge Group, Inc. 1.05% of their portfolio | 372.5k $13.7m | New |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 365.3k $13.4m | Added +58.6k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 361.8k $13.3m | Added +190.9k |
| Sophron Capital Management L.P. 4.16% of their portfolio | 353.1k $13.0m | Added +65.7k |
| Pacific Heights Asset Management LLC 0.48% of their portfolio | 350.0k $12.8m | Added +125.0k |
| State of New Jersey Common Pension Fund D 0.04% of their portfolio | 321.4k $11.8m | Reduced -3.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 306.5k $11.2m | Reduced -13.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 286.0k $10.5m | Added +2.3k |
| DANSKE BANK A/S 0.02% of their portfolio | 266.7k $9.8m | Added +53.7k |
| CARRONADE CAPITAL MANAGEMENT, LP 0.89% of their portfolio | 264.6k $9.7m | Added +6.5k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.02% of their portfolio | 262.4k $9.6m | Reduced -54.5k |
| SummitTX Capital, L.P. 0.27% of their portfolio | 245.9k $9.0m | Added +235.6k |
| OMERS ADMINISTRATION Corp 0.06% of their portfolio | 244.8k $9.0m | Unchanged |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 243.9k $8.9m | Reduced -1.1m |
| EXCHANGE TRADED CONCEPTS, LLC 0.07% of their portfolio | 242.3k $8.9m | Added +120.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 241.1k $8.8m | Reduced -959 |
| Retirement Systems of Alabama 0.03% of their portfolio | 232.0k $8.5m | Reduced -3.9k |
| AVIVA PLC 0.01% of their portfolio | 230.3k $8.4m | Added +12.7k |
| AEW CAPITAL MANAGEMENT L P 0.59% of their portfolio | 222.9k $8.2m | Added +3.6k |
| HUDSON EDGE INVESTMENT PARTNERS INC. 1.19% of their portfolio | 218.9k $8.0m | Added +34.9k |
| DekaBank Deutsche Girozentrale 0.02% of their portfolio | 209.5k $8.8m | Unchanged |