VENTAS INC VTR
COM · REIT · CUSIP 92276F100 · ISIN US92276F1003
Real estate investment trust that owns and manages health care facilities
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersChicago, IL
- Founded1998
- Websiteventasreit.com
- FilingsSEC EDGAR
* 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 ($94.8m this quarter). Holder counts are more reliable. Shares outstanding: 469.7m as of 2025-10-27, 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 ≈ $69.98. Options: 14 managers hold calls ($48.0m notional), 11 hold puts ($21.6m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 613 |
| Q4 2022 | 623 |
| Q1 2023 | 619 |
| Q2 2023 | 632 |
| Q3 2023 | 613 |
| Q4 2023 | 662 |
| Q1 2024 | 650 |
| Q2 2024 | 695 |
| Q3 2024 | 725 |
| Q4 2024 | 761 |
| Q1 2025 | 809 |
| Q2 2025 | 801 |
| Q3 2025 | 827 |
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 2023 | 298 | 293 |
| Q1 2024 | 294 | 331 |
| Q2 2024 | 344 | 294 |
| Q3 2024 | 380 | 290 |
| Q4 2024 | 379 | 301 |
| Q1 2025 | 446 | 304 |
| Q2 2025 | 410 | 344 |
| Q3 2025 | 444 | 320 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $47.7m | $45.6m | 0.96 |
| Q1 2025 | $53.5m | $48.8m | 0.91 |
| Q2 2025 | $41.3m | $29.6m | 0.72 |
| Q3 2025 | $48.0m | $21.6m | 0.45 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +30.1m |
| FMR LLC | Added | +2.9m |
| UBS Group AG | Added | +2.1m |
| CITADEL ADVISORS LLC | Added | +2.0m |
| VANGUARD GROUP INC | Added | +1.8m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +1.8m |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | Added | +1.4m |
| BlackRock, Inc. | Added | +1.3m |
| Sumitomo Mitsui Trust Group, Inc. | Added | +1.1m |
| Invesco Ltd. | Added | +1.0m |
Biggest sellers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -5.6m |
| CITIGROUP INC | Reduced | -1.7m |
| RUSH ISLAND MANAGEMENT, LP | Reduced | -806.4k |
| AEW CAPITAL MANAGEMENT L P | Reduced | -661.6k |
| GRS Advisors, LLC | Reduced | -560.5k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Reduced | -522.4k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -449.6k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Reduced | -442.7k |
| ANTIPODES PARTNERS Ltd | Reduced | -435.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -435.4k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $7.9m113.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.5m93.0k shares |
| Walleye Trading LLC | Added | $5.8m82.9k shares |
| LANDMARK INVESTMENT PARTNERS, L.P. | Added | $5.5m78.3k shares |
| Twin Tree Management, LP | Reduced | $5.1m73.0k shares |
| CITADEL ADVISORS LLC | Added | $5.0m71.7k shares |
| IMC-Chicago, LLC | Added | $4.2m59.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $2.2m31.1k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $2.1m30.1k shares |
| SIMPLEX TRADING, LLC | Added | $1.4m19.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.2m60.0k shares |
| CITADEL ADVISORS LLC | Reduced | $3.6m51.1k shares |
| SIMPLEX TRADING, LLC | Added | $3.1m44.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $2.2m31.4k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $2.1m301 shares |
| GROUP ONE TRADING LLC | Added | $1.7m23.7k shares |
| IMC-Chicago, LLC | Added | $1.5m21.1k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $1.0m14.8k shares |
| Walleye Trading LLC | Added | $937.9k13.4k shares |
| WOLVERINE TRADING, LLC | Added | $788.9k11.4k 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 |
|---|---|
| JPMORGAN CHASE & CO 13G · institution +1.6 pts · filed 2026-07-27 | 8.7% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 8.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
| STATE STREET CORP 13G · institution new · filed 2025-05-13 | 6.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q3 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 |
|---|---|---|---|---|---|
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 3 | $1.7m | $103.8k |
| Q3 2024 | 0 | — | 3 | $10.0m | $8.8m |
| Q4 2024 | 0 | — | 1 | $15.6m | $15.6m |
| Q1 2025 | 0 | — | 2 | $18.5m | $18.5m |
| Q2 2025 | 0 | — | 4 | $11.1m | $9.6m |
| Q3 2025 | 0 | — | 3 | $18.5m | $18.5m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-30 | Bulgarelli Peter J. EVP OM&R-Ventas/Pres&CEO-LHS | Sold plan | $142.8k2.0k shares |
| 2025-09-15 | Bulgarelli Peter J. EVP OM&R-Ventas/Pres&CEO-LHS | Sold plan | $28.4k406 shares |
| 2025-09-02 | CAFARO DEBRA A Chairman and CEO, director | Sold plan | $699.8k10.3k shares |
| 2025-08-04 | Probst Robert F EVP and CFO | Sold plan | $2.0m29.7k shares |
| 2025-08-01 | CAFARO DEBRA A Chairman and CEO, director | Sold plan | $695.7k10.3k shares |
| 2025-07-31 | Probst Robert F EVP and CFO | Sold plan | $267.0k3.9k shares |
| 2025-07-21 | Probst Robert F EVP and CFO | Sold plan | $2.0m29.5k shares |
| 2025-07-18 | CAFARO DEBRA A Chairman and CEO, director | Sold plan | $288.0k4.4k shares |
| 2025-07-18 | Probst Robert F EVP and CFO | Sold plan | $271.5k4.1k shares |
| 2025-07-16 | CAFARO DEBRA A Chairman and CEO, director | Sold plan | $80.3k1.2k shares |
| 2025-07-15 | CAFARO DEBRA A Chairman and CEO, director | Sold plan | $19.2k292 shares |
| 2025-07-14 | Probst Robert F EVP and CFO | Sold plan | $11.0m168.3k shares |
| 2025-07-14 | CAFARO DEBRA A Chairman and CEO, director | Sold plan | $967.8k14.8k 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, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.08% of their portfolio | 73.6m $5.2bn | Added +1.8m |
| JPMORGAN CHASE & CO 0.13% of their portfolio | 59.4m $4.2bn | Added +30.1m |
| BlackRock, Inc. 0.06% of their portfolio | 52.3m $3.7bn | Added +1.3m |
| STATE STREET CORP 0.07% of their portfolio | 28.9m $2.0bn | Added +928.4k |
| FMR LLC 0.10% of their portfolio | 27.0m $1.9bn | Added +2.9m |
| PRINCIPAL FINANCIAL GROUP INC 0.54% of their portfolio | 15.4m $1.1bn | Reduced -379.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 12.5m $872.4m | Added +287.0k |
| APG Asset Management US Inc. 6.10% of their portfolio | 11.8m $826.9m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 7.2m $502.2m | Reduced -435.4k |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 6.6m $462.0m | Added +161.0k |
| Resolution Capital Ltd 8.95% of their portfolio | 6.6m $460.1m | Reduced -396.3k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 4.56% of their portfolio | 6.5m $453.8m | Reduced -522.4k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 6.4m $448.1m | Added +109.0k |
| Invesco Ltd. 0.06% of their portfolio | 5.8m $409.3m | Added +1.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio | 5.8m $402.7m | Added +156.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.12% of their portfolio | 5.6m $388.9m | Reduced -14.2k |
| Nuveen, LLC 0.10% of their portfolio | 5.5m $388.2m | Added +23.9k |
| Legal & General Group Plc 0.08% of their portfolio | 5.3m $374.0m | Reduced -8.4k |
| MORGAN STANLEY 0.02% of their portfolio | 5.3m $370.4m | Added +114.3k |
| DEUTSCHE BANK AG\ 0.09% of their portfolio | 3.9m $271.3m | Reduced -299.7k |
| UBS Group AG 0.05% of their portfolio | 3.5m $245.5m | Added +2.1m |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 3.5m $245.2m | Reduced -67.6k |
| CITADEL ADVISORS LLC 0.18% of their portfolio | 3.2m $223.4m | Added +2.0m |
| Alyeska Investment Group, L.P. 0.61% of their portfolio | 2.9m $202.6m | Added +149.5k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 2.8m $195.9m | Reduced -82.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.10% of their portfolio | 2.6m $181.0m | Added +1.1m |
| AMERICAN CENTURY COMPANIES INC 0.09% of their portfolio | 2.6m $180.9m | Reduced -40.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.13% of their portfolio | 2.5m $170.9m | Added +85.3k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.91% of their portfolio | 2.4m $168.9m | Reduced -353.9k |
| CI INVESTMENTS INC. 0.60% of their portfolio | 2.4m $164.8m | Reduced -44.6k |
| MACQUARIE GROUP LTD 0.19% of their portfolio | 2.3m $163.7m | Added +614.0k |
| AQR CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 2.2m $153.2m | Added +788.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.11% of their portfolio | 2.2m $151.4m | Added +1.8m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.0m $140.2m | Added +145.3k |
| Russell Investments Group, Ltd. 0.15% of their portfolio | 1.9m $130.0m | Reduced -70.8k |
| Qube Research & Technologies Ltd 0.18% of their portfolio | 1.8m $129.0m | Reduced -320.0k |
| RUSH ISLAND MANAGEMENT, LP 8.49% of their portfolio | 1.8m $123.9m | Reduced -806.4k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.75% of their portfolio | 1.8m $122.5m | Added +845.7k |
| HSBC HOLDINGS PLC 0.07% of their portfolio | 1.7m $122.2m | Added +280.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.19% of their portfolio | 1.7m $120.4m | Reduced -24.6k |
| Daiwa Securities Group Inc. 0.39% of their portfolio | 1.6m $114.1m | Added +694.0k |
| Aberdeen Group plc 0.17% of their portfolio | 1.6m $110.0m | Added +120.8k |
| Engineers Gate Manager LP 1.26% of their portfolio | 1.6m $109.6m | Added +415.2k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 4.27% of their portfolio | 1.6m $108.7m | Added +1.4m |
| Amundi 0.03% of their portfolio | 1.5m $101.9m | Added +76.3k |
| BARCLAYS PLC 0.04% of their portfolio | 1.5m $101.8m | Added +356.1k |
| COHEN & STEERS, INC. 0.18% of their portfolio | 1.4m $98.3m | Added +714.0k |
| NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio | 1.4m $96.1m | Reduced -111.1k |
| California Public Employees Retirement System 0.06% of their portfolio | 1.3m $92.7m | Reduced -92.2k |
| Swiss National Bank 0.05% of their portfolio | 1.3m $91.1m | Reduced -23.8k |
| CANADA LIFE ASSURANCE Co 0.12% of their portfolio | 1.3m $86.8m | Added +100.6k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 1.3m $87.8m | Reduced -126.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 1.3m $87.8m | Added +84.8k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 1.2m $83.8m | Added +8.5k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 1.1m $78.7m | Reduced -142.6k |
| ANTIPODES PARTNERS Ltd 1.73% of their portfolio | 1.1m $77.0m | Reduced -435.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.10% of their portfolio | 1.1m $75.4m | Reduced -449.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 993.0k $69.5m | Reduced -35.2k |
| Asset Management One Co., Ltd. 0.19% of their portfolio | 918.6k $64.3m | Reduced -3.2k |
| Employees Retirement System of Texas 0.49% of their portfolio | 883.0k $61.8m | Reduced -58.7k |
| 1832 Asset Management L.P. 0.10% of their portfolio | 871.0k $61.0m | Added +18.9k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 850.9k $59.6m | Reduced -29.6k |
| Retirement Systems of Alabama 0.20% of their portfolio | 841.1k $58.9m | Added +107 |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 822.7k $57.6m | Reduced -193.0k |
| NOMURA ASSET MANAGEMENT CO LTD 0.15% of their portfolio | 817.6k $57.2m | Added +32.5k |
| CHILTON CAPITAL MANAGEMENT LLC 1.92% of their portfolio | 811.3k $56.9m | Added +458.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.09% of their portfolio | 786.6k $55.1m | Added +62.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.17% of their portfolio | 784.0k $54.9m | Added +5.6k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 741.5k $51.9m | Added +114.6k |
| PANAGORA ASSET MANAGEMENT INC 0.21% of their portfolio | 733.9k $51.4m | Reduced -15.9k |
| KBC Group NV 0.12% of their portfolio | 685.3k $48.0m | Reduced -33.8k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 683.3k $47.8m | Reduced -202.5k |
| Allianz Asset Management GmbH 0.06% of their portfolio | 678.8k $47.5m | Reduced -50.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 672.7k $47.1m | Added +52.1k |
| STRS OHIO 0.17% of their portfolio | 670.0k $46.9m | Added +90.6k |
| Pictet Asset Management Holding SA 0.04% of their portfolio | 664.5k $46.5m | Reduced -43.7k |
| Adelante Capital Management LLC 3.10% of their portfolio | 661.9k $46.3m | Added +48.5k |
| STOREBRAND ASSET MANAGEMENT AS 0.12% of their portfolio | 646.2k $45.2m | Added +52.3k |
| PRUDENTIAL FINANCIAL INC 0.05% of their portfolio | 629.6k $44.1m | Reduced -166.0k |
| CITIGROUP INC 0.03% of their portfolio | 622.5k $43.6m | Reduced -1.7m |
| National Pension Service 0.03% of their portfolio | 617.8k $43.2m | Added +16.2k |
| Gillson Capital LP 3.48% of their portfolio | 573.5k $40.1m | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.09% of their portfolio | 561.4k $39.3m | Added +30.6k |
| GROUPAMA ASSET MANAGMENT 0.01% of their portfolio | 550.0k $702.5k | Unchanged |
| Governors Lane LP 5.32% of their portfolio | 549.5k $38.5m | Added +199.4k |
| Land & Buildings Investment Management, LLC 6.71% of their portfolio | 522.1k $36.5m | Added +32.7k |
| MARSHALL WACE, LLP 0.04% of their portfolio | 521.9k $36.5m | Reduced -6.8k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 513.8k $36.0m | Added +107.3k |
| LBP AM SA 0.41% of their portfolio | 479.8k $33.6m | Added +71.8k |
| Swedbank AB 0.03% of their portfolio | 438.9k $30.7m | Reduced -23.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 430.5k $30.1m | Reduced -181.7k |
| Hudson Bay Capital Management LP 0.18% of their portfolio | 419.5k $29.4m | Added +141.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 406.0k $28.2m | Added +19.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 400.9k $28.1m | Reduced -28.4k |
| Presima Securities ULC 7.68% of their portfolio | 399.4k $28.0m | Reduced -86.8k |
| Ninety One UK Ltd 0.03% of their portfolio | 389.0k $27.2m | Added +194.5k |
| State of New Jersey Common Pension Fund D 0.10% of their portfolio | 386.7k $27.1m | Added +10.4k |
| Mitsubishi UFJ Trust & Banking Corp 0.06% of their portfolio | 385.5k $27.0m | Reduced -2.3k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 378.0k $26.5m | Added +68.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 376.4k $26.3m | Added +45.1k |