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 ($19.7m this quarter). Holder counts are more reliable. Shares outstanding: 324.9m as of 2026-04-27, 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 ≈ $33.79. Options: 8 managers hold calls ($29.6m notional), 7 hold puts ($31.2m).
Trends to Q1 2026
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 |
| Q1 2026 | 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 |
|---|---|---|
| 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 |
| Q1 2026 | 250 | 242 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $3.7m | $4.6m | 1.25 |
| Q3 2025 | $6.6m | $8.0m | 1.22 |
| Q4 2025 | $28.6m | $35.0m | 1.22 |
| Q1 2026 | $29.6m | $31.2m | 1.05 |
Biggest buyers
| Capital Research Global Investors | Added | +11.4m |
| Invesco Ltd. | Added | +3.4m |
| CITADEL ADVISORS LLC | Added | +3.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +2.9m |
| JPMORGAN CHASE & CO | Added | +2.3m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.3m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +812.7k |
| BAMCO INC /NY/ | New | +772.6k |
| Callodine Capital Management, LP | Added | +643.9k |
| ExodusPoint Capital Management, LP | Added | +524.3k |
Biggest sellers
| RUSH ISLAND MANAGEMENT, LP | Sold out | -3.6m |
| COHEN & STEERS, INC. | Reduced | -3.5m |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Reduced | -2.2m |
| BlackRock, Inc. | Reduced | -1.1m |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Reduced | -1.0m |
| HSBC HOLDINGS PLC | Reduced | -954.3k |
| PRUDENTIAL FINANCIAL INC | Reduced | -947.2k |
| APG Asset Management US Inc. | Reduced | -817.2k |
| Alyeska Investment Group, L.P. | Sold out | -757.5k |
| Daiwa Securities Group Inc. | Reduced | -743.3k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $25.7m759.8k shares |
| Walleye Trading LLC | New | $1.6m47.3k shares |
| CITADEL ADVISORS LLC | Added | $932.3k27.6k shares |
| Capula Management Ltd | Not comparable | $712.8k21.1k shares |
| SIMPLEX TRADING, LLC | Added | $243.2k7.2k shares |
| NOMURA HOLDINGS INC | Added | $216.2k6.4k shares |
| GROUP ONE TRADING LLC | Added | $179.0k5.3k shares |
| BANK OF MONTREAL /CAN/ | New | $67.6k2.0k shares |
Biggest puts
| UBS Group AG | Reduced | $27.7m820.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $2.1m61.7k shares |
| Capula Management Ltd | Not comparable | $712.8k21.1k shares |
| CITADEL ADVISORS LLC | Reduced | $601.3k17.8k shares |
| GROUP ONE TRADING LLC | Reduced | $23.6k700 shares |
| SIMPLEX TRADING, LLC | Reduced | $16.9k500 shares |
| Walleye Trading LLC | New | $13.5k400 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 2026
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 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 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 36.2m $1.2bn | Reduced -1.1m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.05% of their portfolio | 26.3m $887.2m | First filing |
| Capital Research Global Investors 0.13% of their portfolio | 25.6m $865.7m | Added +11.4m |
| STATE STREET CORP 0.03% of their portfolio | 21.6m $728.2m | Reduced -356.5k |
| COHEN & STEERS, INC. 1.22% of their portfolio | 20.8m $701.5m | Reduced -3.5m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 20.5m $691.5m | First filing |
| FMR LLC 0.02% of their portfolio | 13.7m $462.9m | Reduced -232.4k |
| Invesco Ltd. 0.05% of their portfolio | 13.7m $462.8m | Added +3.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 8.8m $294.7m | Added +194.3k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.92% of their portfolio | 8.4m $282.7m | Reduced -1.0m |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 6.5m $219.2m | Added +136.4k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 5.7m $191.6m | Added +2.3m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 5.0m $169.2m | Added +68.2k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 4.9m $163.8m | Added +145.6k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 4.6m $154.3m | Added +62.8k |
| Daiwa Securities Group Inc. 0.43% of their portfolio | 4.5m $150.4m | Reduced -743.3k |
| MORGAN STANLEY 0.01% of their portfolio | 3.5m $119.6m | Added +125.3k |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 3.5m $117.6m | Added +3.1m |
| PGGM Investments 2.05% of their portfolio | 3.5m $117.2m | Reduced -664.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 2.9m $98.9m | Added +2.9m |
| Balyasny Asset Management L.P. 0.18% of their portfolio | 2.8m $93.4m | Reduced -174.7k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.7m $90.3m | Added +641 |
| Legal & General Group Plc 0.02% of their portfolio | 2.6m $89.3m | Reduced -611.4k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.27% of their portfolio | 2.5m $85.7m | Reduced -2.2m |
| PRUDENTIAL FINANCIAL INC 0.10% of their portfolio | 2.5m $84.8m | Reduced -947.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.2m $75.0m | Reduced -82.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 2.2m $72.9m | Reduced -53.8k |
| UBS Group AG 0.01% of their portfolio | 2.0m $68.6m | Added +470.5k |
| Woodline Partners LP 0.24% of their portfolio | 1.8m $62.2m | Added +269.2k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 1.7m $58.1m | First filing |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 1.83% of their portfolio | 1.4m $46.3m | Added +37.7k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 1.4m $45.8m | Added +1.3m |
| RENAISSANCE TECHNOLOGIES LLC 0.07% of their portfolio | 1.3m $42.3m | Added +812.7k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.2m $41.3m | Reduced -373.1k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.17% of their portfolio | 1.2m $40.4m | Added +425.9k |
| State of Tennessee, Department of Treasury 0.13% of their portfolio | 1.2m $40.1m | Added +123.6k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 1.2m $40.0m | Reduced -954.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.2m $39.8m | Reduced -371.7k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.1m $36.9m | Added +324.1k |
| Amundi 0.01% of their portfolio | 1.1m $36.3m | Added +164.0k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 1.1m $39.3m | Reduced -55.6k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 1.0m $35.2m | Added +11.4k |
| BARCLAYS PLC 0.01% of their portfolio | 1.0m $34.4m | Added +202.8k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 981.8k $33.2m | Reduced -161.1k |
| Swiss National Bank 0.02% of their portfolio | 921.4k $31.1m | Added +58.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 921.1k $31.1m | Added +9.2k |
| STRS OHIO 0.12% of their portfolio | 902.3k $30.5m | Reduced -1.6k |
| CITIGROUP INC 0.02% of their portfolio | 895.0k $30.2m | Added +189.8k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 845.7k $28.6m | Added +92.2k |
| Callodine Capital Management, LP 1.99% of their portfolio | 833.9k $28.2m | Added +643.9k |
| APG Asset Management US Inc. 0.22% of their portfolio | 828.2k $28.4m | Reduced -817.2k |
| GRS Advisors, LLC 2.72% of their portfolio | 815.6k $27.6m | Reduced -80.8k |
| Hudson Bay Capital Management LP 0.16% of their portfolio | 789.2k $26.7m | Reduced -311.2k |
| BAMCO INC /NY/ 0.08% of their portfolio | 772.6k $26.1m | New |
| Apollo Management Holdings, L.P. 0.43% of their portfolio | 754.1k $25.5m | Reduced -131.4k |
| Freestone Grove Partners LP 0.18% of their portfolio | 737.5k $24.9m | Added +122.5k |
| Nuveen, LLC 0.01% of their portfolio | 731.2k $24.7m | Reduced -109.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 721.3k $24.4m | Added +118.1k |
| Investure, LLC 1.13% of their portfolio | 682.3k $23.0m | Added +188.4k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 676.5k $22.9m | Reduced -2.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 663.1k $22.3m | Added +11.5k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 651.4k $22.0m | Added +220.4k |
| ExodusPoint Capital Management, LP 0.21% of their portfolio | 637.6k $21.5m | Added +524.3k |
| Vanguard Global Advisers, LLC 0.01% of their portfolio | 629.1k $21.3m | First filing |
| California Public Employees Retirement System 0.01% of their portfolio | 625.9k $21.1m | Reduced -14.8k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 622.4k $21.1m | Reduced -1.3k |
| Gotham Asset Management, LLC 0.06% of their portfolio | 606.6k $20.5m | Added +214.8k |
| Asset Management One Co., Ltd. 0.06% of their portfolio | 593.9k $20.1m | Reduced -37.8k |
| NOMURA ASSET MANAGEMENT CO LTD 0.05% of their portfolio | 576.4k $19.5m | Added +13.1k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 569.6k $19.2m | Reduced -335.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 543.9k $18.4m | Reduced -6.8k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.03% of their portfolio | 540.6k $18.3m | Added +27.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 518.8k $17.5m | Added +61.8k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 496.1k $16.8m | Reduced -145 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.05% of their portfolio | 477.1k $16.1m | Reduced -45.2k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 465.7k $15.7m | Added +76.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 436.7k $14.8m | Reduced -82.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 431.7k $14.6m | Reduced -5.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 428.9k $14.5m | Added +43.6k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 421.1k $14.2m | Added +55.8k |
| Lighthouse Investment Partners, LLC 0.50% of their portfolio | 393.1k $13.3m | Reduced -371.1k |
| Sophron Capital Management L.P. 3.84% of their portfolio | 385.8k $13.0m | Added +32.7k |
| Vanguard Investments Australia, Ltd. 0.04% of their portfolio | 365.9k $12.4m | First filing |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 360.6k $12.2m | New |
| Pacific Heights Asset Management LLC 0.40% of their portfolio | 350.0k $11.8m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 332.4k $11.2m | Added +127.1k |
| Hazelview Securities Inc. 2.05% of their portfolio | 325.6k $11.0m | New |
| State of New Jersey Common Pension Fund D 0.04% of their portfolio | 321.4k $10.9m | Unchanged |
| Korea Investment CORP 0.02% of their portfolio | 312.3k $10.5m | Reduced -60.2k |
| Chevy Chase Trust Holdings, LLC 0.03% of their portfolio | 311.0k $10.5m | Reduced -119.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 306.5k $10.4m | Unchanged |
| DANSKE BANK A/S 0.02% of their portfolio | 284.1k $9.6m | Added +17.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 276.1k $9.3m | Reduced -9.9k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.02% of their portfolio | 267.9k $9.0m | Added +5.5k |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 266.1k $9.0m | New |
| NISA INVESTMENT ADVISORS, LLC 0.03% of their portfolio | 255.3k $8.6m | Added +170.8k |
| OMERS ADMINISTRATION Corp 0.05% of their portfolio | 248.3k $8.4m | Added +3.5k |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 245.0k $8.3m | Added +148.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 242.5k $8.2m | Added +1.4k |
| Retirement Systems of Alabama 0.03% of their portfolio | 231.6k $7.8m | Reduced -466 |