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 ($104.0m this quarter). Holder counts are more reliable. Shares outstanding: 475.0m as of 2026-02-03, 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 ≈ $77.39. Options: 16 managers hold calls ($66.4m notional), 11 hold puts ($36.5m).
Trends to Q4 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 |
| Q4 2025 | 929 |
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 | 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 |
| Q4 2025 | 479 | 314 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $53.5m | $48.8m | 0.91 |
| Q2 2025 | $41.3m | $29.6m | 0.72 |
| Q3 2025 | $48.0m | $21.6m | 0.45 |
| Q4 2025 | $66.4m | $36.5m | 0.55 |
Biggest buyers
| Capital World Investors | New | +7.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +4.6m |
| COHEN & STEERS, INC. | Added | +3.2m |
| Daiwa Securities Group Inc. | Added | +3.1m |
| BlackRock, Inc. | Added | +2.8m |
| VANGUARD GROUP INC | Added | +2.3m |
| FMR LLC | Added | +2.3m |
| HSBC HOLDINGS PLC | Added | +2.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +2.0m |
| TWO SIGMA INVESTMENTS, LP | Added | +1.6m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -31.3m |
| CITADEL ADVISORS LLC | Reduced | -2.0m |
| MACQUARIE GROUP LTD | Reduced | -1.9m |
| Alyeska Investment Group, L.P. | Reduced | -1.8m |
| Resolution Capital Ltd | Reduced | -1.4m |
| Qube Research & Technologies Ltd | Reduced | -938.2k |
| Engineers Gate Manager LP | Reduced | -896.7k |
| NORTHERN TRUST CORP | Reduced | -700.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -688.8k |
| GROUPAMA ASSET MANAGMENT | Sold out | -550.0k |
Biggest calls
| Walleye Trading LLC | Added | $14.4m186.7k shares |
| TORNO CAPITAL, LLC | Not comparable | $10.8m140.0k shares |
| CITADEL ADVISORS LLC | Added | $9.0m115.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $7.6m98.1k shares |
| JANE STREET GROUP, LLC | Reduced | $7.4m95.4k shares |
| LANDMARK INVESTMENT PARTNERS, L.P. | Unchanged | $6.1m78.3k shares |
| IMC-Chicago, LLC | Reduced | $3.3m42.6k shares |
| Twin Tree Management, LP | Reduced | $2.5m32.3k shares |
| Burns Matteson Capital Management, LLC | New | $1.3m20.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $1.0m13.0k shares |
Biggest puts
| JPMORGAN CHASE & CO | New | $19.3m250.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.9m76.2k shares |
| CITADEL ADVISORS LLC | Reduced | $2.2m28.0k shares |
| Walleye Trading LLC | Added | $2.0m26.4k shares |
| GROUP ONE TRADING LLC | Reduced | $1.7m21.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.7m21.6k shares |
| IMC-Chicago, LLC | Reduced | $1.1m14.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $1.0m13.2k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $951.8k12.3k shares |
| JANE STREET GROUP, LLC | Reduced | $294.0k3.8k 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 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 | — | 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 |
| Q4 2025 | 0 | — | 3 | $51.4m | $51.4m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-01 | CAFARO DEBRA A Chairman and CEO, director | Sold plan | $831.4k10.3k shares |
| 2025-11-19 | Bulgarelli Peter J. EVP OM&R-Ventas/Pres&CEO-LHS | Sold plan | $178.5k2.2k shares |
| 2025-11-18 | Bulgarelli Peter J. EVP OM&R-Ventas/Pres&CEO-LHS | Sold plan | $221.7k2.8k shares |
| 2025-11-17 | CAFARO DEBRA A Chairman and CEO, director | Sold plan | $3.3m41.3k shares |
| 2025-11-12 | Probst Robert F EVP and CFO | Sold plan | $2.6m33.6k shares |
| 2025-11-07 | Bulgarelli Peter J. EVP OM&R-Ventas/Pres&CEO-LHS | Sold plan | $3.0k40 shares |
| 2025-11-06 | CAFARO DEBRA A Chairman and CEO, director | Sold plan | $19.8k264 shares |
| 2025-11-06 | Bulgarelli Peter J. EVP OM&R-Ventas/Pres&CEO-LHS | Sold plan | $12.5k166 shares |
| 2025-11-05 | CAFARO DEBRA A Chairman and CEO, director | Sold plan | $1.4m19.2k shares |
| 2025-11-05 | Bulgarelli Peter J. EVP OM&R-Ventas/Pres&CEO-LHS | Sold plan | $65.5k870 shares |
| 2025-11-04 | CAFARO DEBRA A Chairman and CEO, director | Sold plan | $859.1k11.5k shares |
| 2025-11-04 | Bulgarelli Peter J. EVP OM&R-Ventas/Pres&CEO-LHS | Sold plan | $294.3k3.9k shares |
| 2025-11-03 | CAFARO DEBRA A Chairman and CEO, director | Sold plan | $1.5m20.6k shares |
| 2025-10-30 | CAFARO DEBRA A Chairman and CEO, director | Sold plan | $23.6m317.3k shares |
| 2025-10-20 | CAFARO DEBRA A Chairman and CEO, director | Sold plan | $15.7m219.5k shares |
| 2025-10-01 | CAFARO DEBRA A Chairman and CEO, director | Sold plan | $725.0k10.3k shares |
| 2025-10-01 | Bulgarelli Peter J. EVP OM&R-Ventas/Pres&CEO-LHS | Sold plan | $179.4k2.6k 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.09% of their portfolio | 75.9m $5.9bn | Added +2.3m |
| BlackRock, Inc. 0.07% of their portfolio | 55.1m $4.3bn | Added +2.8m |
| STATE STREET CORP 0.08% of their portfolio | 29.7m $2.3bn | Added +735.6k |
| FMR LLC 0.12% of their portfolio | 29.3m $2.3bn | Added +2.3m |
| JPMORGAN CHASE & CO 0.15% of their portfolio | 28.1m $2.2bn | Reduced -31.3m |
| PRINCIPAL FINANCIAL GROUP INC 0.61% of their portfolio | 15.4m $1.2bn | Reduced -23.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 13.0m $1.0bn | Added +475.6k |
| APG Asset Management US Inc. 7.13% of their portfolio | 11.8m $909.9m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.08% of their portfolio | 9.2m $710.1m | Added +2.0m |
| Capital World Investors 0.08% of their portfolio | 7.7m $594.1m | New |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 6.9m $536.9m | Added +336.4k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 4.96% of their portfolio | 6.5m $502.3m | Added +7.3k |
| MORGAN STANLEY 0.03% of their portfolio | 6.3m $490.9m | Added +1.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio | 6.2m $480.9m | Added +461.2k |
| NORGES BANK 0.05% of their portfolio | 6.1m $474.6m | Not comparable |
| Legal & General Group Plc 0.10% of their portfolio | 5.8m $446.1m | Added +420.8k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 5.7m $441.3m | Reduced -700.5k |
| Nuveen, LLC 0.11% of their portfolio | 5.5m $424.6m | Reduced -59.0k |
| Invesco Ltd. 0.04% of their portfolio | 5.5m $421.8m | Reduced -396.1k |
| Resolution Capital Ltd 8.92% of their portfolio | 5.2m $403.5m | Reduced -1.4m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.12% of their portfolio | 4.9m $376.6m | Reduced -688.8k |
| Daiwa Securities Group Inc. 1.18% of their portfolio | 4.7m $364.1m | Added +3.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 4.6m $359.7m | Added +4.6m |
| COHEN & STEERS, INC. 0.64% of their portfolio | 4.6m $356.4m | Added +3.2m |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 4.1m $317.1m | Added +594.8k |
| DEUTSCHE BANK AG\ 0.10% of their portfolio | 3.9m $302.1m | Added +27.7k |
| HSBC HOLDINGS PLC 0.09% of their portfolio | 3.9m $300.1m | Added +2.1m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.17% of their portfolio | 3.3m $257.8m | Added +1.2m |
| UBS Group AG 0.05% of their portfolio | 3.1m $241.2m | Reduced -391.1k |
| AQR CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 3.0m $230.8m | Added +770.0k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 2.9m $222.0m | Added +70.5k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 2.26% of their portfolio | 2.6m $199.4m | Added +162.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.15% of their portfolio | 2.6m $197.8m | Added +68.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.11% of their portfolio | 2.5m $194.3m | Reduced -75.9k |
| CI INVESTMENTS INC. 0.78% of their portfolio | 2.3m $178.5m | Reduced -47.4k |
| AMERICAN CENTURY COMPANIES INC 0.09% of their portfolio | 2.2m $173.2m | Reduced -347.2k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.2m $167.0m | Added +154.6k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.23% of their portfolio | 2.0m $155.2m | First filing |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 2.10% of their portfolio | 1.9m $143.3m | Added +101.4k |
| Aberdeen Group plc 0.21% of their portfolio | 1.7m $132.6m | Added +133.2k |
| RUSH ISLAND MANAGEMENT, LP 7.90% of their portfolio | 1.6m $126.4m | Reduced -136.7k |
| TWO SIGMA INVESTMENTS, LP 0.19% of their portfolio | 1.6m $125.7m | Added +1.6m |
| Russell Investments Group, Ltd. 0.13% of their portfolio | 1.6m $122.3m | Reduced -276.9k |
| TWO SIGMA ADVISERS, LP 0.23% of their portfolio | 1.5m $119.6m | Added +1.5m |
| Amundi 0.03% of their portfolio | 1.5m $117.8m | Added +51.4k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 4.32% of their portfolio | 1.4m $107.8m | Reduced -159.2k |
| PANAGORA ASSET MANAGEMENT INC 0.38% of their portfolio | 1.4m $106.2m | Added +637.9k |
| BARCLAYS PLC 0.04% of their portfolio | 1.3m $104.4m | Reduced -104.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 1.3m $104.1m | Added +92.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.16% of their portfolio | 1.3m $102.6m | Reduced -393.7k |
| NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio | 1.3m $100.2m | Reduced -78.0k |
| PGGM Investments 1.56% of their portfolio | 1.3m $98.7m | New |
| Swiss National Bank 0.06% of their portfolio | 1.2m $96.4m | Reduced -55.8k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 1.2m $96.4m | Reduced -9.0k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 1.2m $94.5m | Added +24.3k |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 1.2m $94.4m | Reduced -2.0m |
| BAMCO INC /NY/ 0.26% of their portfolio | 1.2m $94.4m | Added +1.0m |
| California Public Employees Retirement System 0.05% of their portfolio | 1.2m $93.8m | Reduced -112.5k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 1.1m $86.2m | Reduced -10.3k |
| CANADA LIFE ASSURANCE Co 0.14% of their portfolio | 1.1m $83.2m | Reduced -179.4k |
| Alyeska Investment Group, L.P. 0.23% of their portfolio | 1.1m $81.8m | Reduced -1.8m |
| RENAISSANCE TECHNOLOGIES LLC 0.12% of their portfolio | 1.0m $78.6m | Reduced -61.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 1.0m $78.3m | Added +19.2k |
| Asset Management One Co., Ltd. 0.20% of their portfolio | 924.8k $73.7m | Added +6.2k |
| Qube Research & Technologies Ltd 0.10% of their portfolio | 904.7k $70.0m | Reduced -938.2k |
| PRUDENTIAL FINANCIAL INC 0.08% of their portfolio | 899.3k $69.6m | Added +269.6k |
| TORONTO DOMINION BANK 0.12% of their portfolio | 891.3k $69.0m | Added +619.8k |
| Heitman Real Estate Securities LLC 4.84% of their portfolio | 890.0k $68.9m | Added +611.8k |
| Employees Retirement System of Texas 0.55% of their portfolio | 881.0k $68.2m | Reduced -2.0k |
| NOMURA ASSET MANAGEMENT CO LTD 0.17% of their portfolio | 875.4k $67.7m | Added +57.8k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 872.8k $67.5m | Added +50.0k |
| 1832 Asset Management L.P. 0.08% of their portfolio | 864.4k $66.9m | Reduced -6.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.11% of their portfolio | 857.2k $66.9m | Added +70.6k |
| ANTIPODES PARTNERS Ltd 1.39% of their portfolio | 857.0k $66.3m | Reduced -243.4k |
| Retirement Systems of Alabama 0.21% of their portfolio | 849.7k $65.8m | Added +8.6k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 844.6k $65.4m | Reduced -6.3k |
| Zurich Insurance Group Ltd/FI 0.44% of their portfolio | 810.4k $62.7m | Added +704.0k |
| CITIGROUP INC 0.04% of their portfolio | 798.0k $61.8m | Added +175.5k |
| CHILTON CAPITAL MANAGEMENT LLC 2.12% of their portfolio | 794.1k $61.6m | Reduced -17.2k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.19% of their portfolio | 785.0k $60.7m | Added +919 |
| STOREBRAND ASSET MANAGEMENT AS 0.16% of their portfolio | 754.0k $58.3m | Added +107.8k |
| National Pension Service 0.04% of their portfolio | 709.2k $54.9m | Added +91.4k |
| Adelante Capital Management LLC 3.62% of their portfolio | 695.2k $53.8m | Added +33.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 675.9k $52.3m | Added +3.3k |
| Engineers Gate Manager LP 0.61% of their portfolio | 669.5k $51.8m | Reduced -896.7k |
| Eurizon Capital SGR S.p.A. 0.16% of their portfolio | 667.3k $51.7m | First filing |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.06% of their portfolio | 663.0k $51.3m | Added +424.0k |
| STRS OHIO 0.19% of their portfolio | 652.2k $50.5m | Reduced -17.8k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 639.0k $49.4m | Reduced -44.3k |
| MACKENZIE FINANCIAL CORP 0.05% of their portfolio | 583.5k $45.9m | Added +359.7k |
| Apollo Management Holdings, L.P. 0.44% of their portfolio | 573.4k $44.4m | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.09% of their portfolio | 561.9k $43.5m | Added +402 |
| Gotham Asset Management, LLC 0.15% of their portfolio | 539.2k $41.7m | Added +224.9k |
| Allianz Asset Management GmbH 0.05% of their portfolio | 514.2k $39.8m | Reduced -164.6k |
| Land & Buildings Investment Management, LLC 6.50% of their portfolio | 505.2k $39.1m | Reduced -16.9k |
| MARSHALL WACE, LLP 0.04% of their portfolio | 482.9k $37.4m | Reduced -38.9k |
| Swedbank AB 0.04% of their portfolio | 473.3k $36.6m | Added +34.3k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 467.5k $36.2m | Reduced -46.3k |
| MACQUARIE GROUP LTD 0.15% of their portfolio | 451.1k $34.9m | Reduced -1.9m |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 421.8k $32.6m | Added +160.3k |