VORNADO RLTY TR VNO
SH BEN INT · REIT · CUSIP 929042109 · ISIN US9290421091
* 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 ($2.2m this quarter). Holder counts are more reliable. Shares outstanding: 191.9m as of 2022-12-31, 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 ≈ $20.87. Options: 16 managers hold calls ($36.8m notional), 15 hold puts ($30.0m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 357 |
| Q4 2022 | 361 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $38.6m | $23.9m | 0.62 |
| Q4 2022 | $36.8m | $30.0m | 0.82 |
Biggest buyers
| PUTNAM INVESTMENTS LLC | Added | +9.2m |
| Invesco Ltd. | Added | +2.9m |
| EARNEST PARTNERS LLC | Added | +1.4m |
| NATIONAL BANK OF CANADA /FI/ | Added | +1.4m |
| HSBC HOLDINGS PLC | Added | +1.2m |
| GOLDMAN SACHS GROUP INC | Added | +1.2m |
| CITADEL ADVISORS LLC | Added | +971.8k |
| BANK OF MONTREAL /CAN/ | Added | +883.8k |
| CIBC WORLD MARKETS CORP | Added | +862.4k |
| Amundi | Added | +680.9k |
Biggest sellers
| FRANKLIN RESOURCES INC | Reduced | -5.5m |
| NOMURA HOLDINGS INC | Reduced | -1.9m |
| BlackRock Inc. | Reduced | -1.2m |
| STATE STREET CORP | Reduced | -1.1m |
| CANADA PENSION PLAN INVESTMENT BOARD | Sold out | -1.0m |
| Bank of New York Mellon Corp | Reduced | -1.0m |
| Holocene Advisors, LP | Reduced | -736.0k |
| Nuveen Asset Management, LLC | Reduced | -451.3k |
| HighTower Advisors, LLC | Reduced | -447.9k |
| NORTHERN TRUST CORP | Reduced | -431.0k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $12.3m591.0k shares |
| Twin Tree Management, LP | Unchanged | $4.5m218.2k shares |
| SIMPLEX TRADING, LLC | Added | $4.5m215.5k shares |
| JANE STREET GROUP, LLC | Added | $3.7m178.7k shares |
| GROUP ONE TRADING LLC | Reduced | $3.1m151.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.1m151.3k shares |
| Parallax Volatility Advisers, L.P. | Unchanged | $1.3m62.6k shares |
| PEAK6 Investments LLC | Added | $1.0m48.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $845.0k40.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $807.4k38.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $19.6m939.5k shares |
| SIMPLEX TRADING, LLC | Added | $3.6m175.3k shares |
| JANE STREET GROUP, LLC | Reduced | $1.7m79.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $936.5k45.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $880.3k42.3k shares |
| Walleye Trading LLC | Reduced | $832.4k40.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $749.0k36.0k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $616.0k29.6k shares |
| TWO SIGMA SECURITIES, LLC | Added | $511.9k24.6k shares |
| GROUP ONE TRADING LLC | Reduced | $308.0k14.8k 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 |
|---|---|
| NORGES BANK 13G · institution filed 2026-05-11 | 7.7% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.7% |
| FRANKLIN RESOURCES INC 13G · institution +1.1 pts · filed 2026-04-29 | 6.9% |
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution new · filed 2026-08-14 | 5.1% |
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 2022
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 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 1 | $5.0m | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
None reported in Q4 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 27.6m $575.0m | Added +273.0k |
| NORGES BANK 0.09% of their portfolio | 18.1m $376.3m | Unchanged |
| BlackRock Inc. 0.01% of their portfolio | 15.7m $327.2m | Reduced -1.2m |
| STATE STREET CORP 0.02% of their portfolio | 13.7m $284.4m | Reduced -1.1m |
| Invesco Ltd. 0.07% of their portfolio | 10.7m $222.4m | Added +2.9m |
| PUTNAM INVESTMENTS LLC 0.35% of their portfolio | 9.8m $203.1m | Added +9.2m |
| Brookfield Corp /ON/ 0.74% of their portfolio | 9.4m $194.7m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 4.8m $100.1m | Reduced -22.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.7m $77.7m | Added +96.3k |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 2.7m $56.1m | Added +971.8k |
| HSBC HOLDINGS PLC 0.07% of their portfolio | 2.5m $52.3m | Added +1.2m |
| MORGAN STANLEY 0.01% of their portfolio | 2.4m $50.1m | Reduced -136.2k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.3m $48.8m | Reduced -285.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.2m $45.2m | Added +93.7k |
| Legal & General Group Plc 0.02% of their portfolio | 2.1m $44.5m | Reduced -176.2k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 2.0m $42.2m | Reduced -5.5m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.9m $39.7m | Reduced -431.0k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 1.9m $38.7m | Added +366.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.8m $37.5m | Added +1.2m |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 1.5m $30.8m | Added +883.8k |
| EARNEST PARTNERS LLC 0.18% of their portfolio | 1.4m $29.9m | Added +1.4m |
| NATIONAL BANK OF CANADA /FI/ 0.08% of their portfolio | 1.4m $28.2m | Added +1.4m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.2m $25.6m | Reduced -1.0m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.2m $24.6m | Added +516.0k |
| Amundi 0.01% of their portfolio | 1.0m $23.0m | Added +680.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 992.7k $20.7m | Reduced -221.6k |
| First Pacific Advisors, LP 0.32% of their portfolio | 992.2k $20.6m | Reduced -8.1k |
| PRIVATE MANAGEMENT GROUP INC 0.91% of their portfolio | 981.8k $20.4m | Reduced -24.9k |
| REDWOOD CAPITAL MANAGEMENT, LLC 2.45% of their portfolio | 931.9k $19.4m | Unchanged |
| CIBC WORLD MARKETS CORP 0.13% of their portfolio | 930.9k $19.4m | Added +862.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 900.3k $18.7m | Added +586.4k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 853.6k $17.8m | Reduced -451.3k |
| ING GROEP NV 0.17% of their portfolio | 826.1k $17.2m | Added +490.4k |
| PZENA INVESTMENT MANAGEMENT LLC 0.07% of their portfolio | 717.2k $14.9m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 709.8k $14.8m | Added +328.3k |
| BARCLAYS PLC 0.01% of their portfolio | 704.2k $14.7m | First filing |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 699.2k $14.6m | Added +540.1k |
| Advisors Capital Management, LLC 0.33% of their portfolio | 585.4k $12.2m | Added +5.6k |
| PINEBRIDGE INVESTMENTS, L.P. 0.14% of their portfolio | 570.9k $11.9m | Reduced -296.0k |
| H/2 CREDIT MANAGER LP 5.09% of their portfolio | 550.0k $11.4m | Unchanged |
| Cannon Global Investment Management, LLC 15.47% of their portfolio | 500.0k $10.4m | New |
| Graham Capital Management, L.P. 0.39% of their portfolio | 492.5k $10.2m | New |
| State of Tennessee, Department of Treasury 0.05% of their portfolio | 467.7k $9.7m | Reduced -21.4k |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 400.1k $8.3m | New |
| California Public Employees Retirement System 0.01% of their portfolio | 395.6k $8.2m | Reduced -15.4k |
| Swiss National Bank 0.01% of their portfolio | 393.9k $8.2m | Reduced -310.4k |
| Calamos Advisors LLC 0.04% of their portfolio | 368.7k $7.7m | New |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 365.5k $7.6m | Added +14.7k |
| STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio | 354.6k $7.4m | Reduced -5.4k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 327.4k $6.8m | Added +9.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 320.5k $6.7m | Added +264.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 304.5k $6.3m | Added +82.0k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 293.1k $6.1m | Added +8.3k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.18% of their portfolio | 280.3k $5.8m | New |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 280.2k $5.8m | Added +19.8k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.03% of their portfolio | 278.3k $5.8m | Reduced -62.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 277.1k $5.8m | Added +35.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 277.0k $5.8m | Added +184.1k |
| CITIGROUP INC 0.01% of their portfolio | 276.9k $5.8m | Added +4.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 273.7k $5.7m | Reduced -39.6k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 267.3k $5.6m | New |
| ONTARIO TEACHERS PENSION PLAN BOARD 0.06% of their portfolio | 266.0k $5.5m | New |
| Asset Management One Co., Ltd. 0.03% of their portfolio | 262.0k $5.6m | Reduced -54.7k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 259.1k $5.4m | Added +16.3k |
| UBS Group AG 0.00% of their portfolio | 258.9k $5.4m | Added +11.9k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.05% of their portfolio | 237.3k $4.9m | Added +62.4k |
| Squarepoint Ops LLC 0.03% of their portfolio | 230.3k $4.8m | New |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 227.5k $4.7m | Reduced -392.4k |
| Jefferies Financial Group Inc. 0.08% of their portfolio | 218.2k $4.5m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 217.1k $4.5m | Reduced -9.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 214.4k $4.5m | Reduced -65.2k |
| LEVIN CAPITAL STRATEGIES, L.P. 0.58% of their portfolio | 207.1k $4.3m | Added +46.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 194.7k $4.1m | Reduced -7.4k |
| FIRST MANHATTAN CO. LLC. 0.01% of their portfolio | 181.6k $3.8m | Reduced -6.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 181.2k $3.8m | Added +45 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 175.9k $3.7m | Added +26.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 174.2k $3.6m | Reduced -131 |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 171.5k $3.6m | Reduced -99.2k |
| AXS Investments LLC 1.27% of their portfolio | 170.4k $3.5m | Reduced -35.0k |
| NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio | 167.4k $3.5m | Reduced -27.9k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 165.6k $3.4m | Reduced -112.8k |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 165.1k $3.4m | Added +80.6k |
| Matthew 25 Management Corp 1.45% of their portfolio | 165.0k $3.4m | New |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 153.9k $3.2m | Added +29.2k |
| NATIXIS 0.02% of their portfolio | 146.9k $3.1m | Reduced -383.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 144.5k $3.0m | Reduced -45.2k |
| STRS OHIO 0.01% of their portfolio | 137.8k $2.9m | Reduced -49.8k |
| Union Investments & Development Ltd. 1.88% of their portfolio | 131.4k $3.2m | Unchanged |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 130.3k $2.7m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 127.3k $2.6m | Reduced -668 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 123.5k $2.6m | New |
| Walleye Trading LLC 0.06% of their portfolio | 115.3k $2.4m | Added +83.0k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 113.2k $2.4m | Reduced -220 |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 112.3k $2.3m | Reduced -207.8k |
| State of Alaska, Department of Revenue 0.03% of their portfolio | 111.6k $2.3m | Added +744 |
| Bridgewater Associates, LP 0.01% of their portfolio | 107.8k $2.2m | Added +20.1k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 105.5k $2.2m | Added +42.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio | 104.4k $2.2m | Reduced -79.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 103.5k $2.2m | Reduced -41.4k |
| NOMURA HOLDINGS INC 0.02% of their portfolio | 102.4k $2.1m | Reduced -1.9m |