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 ($735.9k this quarter). Holder counts are more reliable. Shares outstanding: 191.9m as of 2023-03-31, 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 ≈ $15.36. Options: 15 managers hold calls ($21.9m notional), 25 hold puts ($51.0m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 357 |
| Q4 2022 | 361 |
| Q1 2023 | 311 |
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 2022 | 204 | 177 |
| Q1 2023 | 170 | 181 |
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 |
| Q1 2023 | $21.9m | $51.0m | 2.32 |
Biggest buyers
| BlackRock Inc. | Added | +4.7m |
| Balyasny Asset Management L.P. | New | +1.1m |
| FRANKLIN RESOURCES INC | Added | +1.1m |
| JPMORGAN CHASE & CO | Added | +1.0m |
| First Pacific Advisors, LP | Added | +950.9k |
| Weiss Multi-Strategy Advisers LLC | New | +821.2k |
| BANK OF AMERICA CORP /DE/ | Added | +757.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +757.7k |
| ING GROEP NV | Added | +523.6k |
| H/2 CREDIT MANAGER LP | Added | +458.9k |
Biggest sellers
| Invesco Ltd. | Reduced | -9.4m |
| STATE STREET CORP | Reduced | -4.0m |
| VANGUARD GROUP INC | Reduced | -2.7m |
| CITADEL ADVISORS LLC | Reduced | -2.0m |
| BANK OF MONTREAL /CAN/ | Reduced | -1.4m |
| NATIONAL BANK OF CANADA /FI/ | Sold out | -1.4m |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -1.0m |
| HSBC HOLDINGS PLC | Reduced | -952.8k |
| Amundi | Reduced | -892.0k |
| PZENA INVESTMENT MANAGEMENT LLC | Reduced | -566.4k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $9.0m586.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $2.6m168.9k shares |
| NOMURA HOLDINGS INC | New | $1.5m99.9k shares |
| GROUP ONE TRADING LLC | Reduced | $1.5m98.1k shares |
| JANE STREET GROUP, LLC | Reduced | $1.3m83.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.1m73.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.0m65.1k shares |
| Greenland Capital Management LP | New | $976.0k63.5k shares |
| CastleKnight Management LP | New | $922.2k60.0k shares |
| PEAK6 Investments LLC | Reduced | $671.7k43.7k shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | New | $17.3m1.1m shares |
| SIMPLEX TRADING, LLC | Added | $4.4m283.7k shares |
| CITADEL ADVISORS LLC | Reduced | $4.2m275.9k shares |
| JANE STREET GROUP, LLC | Added | $3.6m235.7k shares |
| PEAK6 Investments LLC | Added | $3.6m235.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.7m174.0k shares |
| GROUP ONE TRADING LLC | Added | $2.6m169.8k shares |
| Walleye Trading LLC | Added | $2.2m142.9k shares |
| WOLVERINE TRADING, LLC | Added | $1.7m111.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $1.6m100.9k 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 Q1 2023
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 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 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 24.9m $382.9m | Reduced -2.7m |
| BlackRock Inc. 0.01% of their portfolio | 20.4m $314.3m | Added +4.7m |
| NORGES BANK 0.06% of their portfolio | 18.1m $277.9m | Unchanged |
| PUTNAM INVESTMENTS LLC 0.24% of their portfolio | 9.8m $150.9m | Added +57.0k |
| STATE STREET CORP 0.01% of their portfolio | 9.7m $149.3m | Reduced -4.0m |
| Brookfield Corp /ON/ 0.56% of their portfolio | 9.4m $143.8m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 4.5m $68.6m | Reduced -346.7k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 3.1m $47.7m | Added +1.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.7m $41.8m | Reduced -1.0m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.4m $36.2m | Added +10.3k |
| Legal & General Group Plc 0.01% of their portfolio | 2.3m $34.7m | Added +120.3k |
| MORGAN STANLEY 0.00% of their portfolio | 2.2m $34.4m | Reduced -167.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.2m $34.2m | Added +1.0m |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 2.1m $31.9m | Added +216.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.0m $30.3m | Added +173.8k |
| First Pacific Advisors, LP 0.46% of their portfolio | 1.9m $29.9m | Added +950.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.9m $29.6m | Reduced -245.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.7m $25.5m | Added +757.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.6m $25.3m | Reduced -262.3k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.6m $24.1m | Added +337.2k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 1.6m $23.6m | Reduced -952.8k |
| EARNEST PARTNERS LLC 0.14% of their portfolio | 1.5m $23.6m | Added +97.2k |
| ING GROEP NV 0.20% of their portfolio | 1.3m $20.7m | Added +523.6k |
| Invesco Ltd. 0.01% of their portfolio | 1.3m $19.6m | Reduced -9.4m |
| PRIVATE MANAGEMENT GROUP INC 0.85% of their portfolio | 1.2m $18.9m | Added +245.4k |
| Balyasny Asset Management L.P. 0.06% of their portfolio | 1.1m $17.6m | New |
| H/2 CREDIT MANAGER LP 5.53% of their portfolio | 1.0m $15.5m | Added +458.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 949.9k $14.6m | Reduced -42.8k |
| REDWOOD CAPITAL MANAGEMENT, LLC 2.12% of their portfolio | 931.9k $14.3m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 908.6k $13.4m | Added +198.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 823.8k $12.7m | Added +757.7k |
| Weiss Multi-Strategy Advisers LLC 0.31% of their portfolio | 821.2k $12.6m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 729.4k $11.2m | Reduced -2.0m |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 685.7k $10.5m | Reduced -13.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 639.1k $9.8m | Added +444.4k |
| Advisors Capital Management, LLC 0.25% of their portfolio | 616.5k $9.5m | Added +31.2k |
| State of Tennessee, Department of Treasury 0.04% of their portfolio | 570.7k $8.8m | Added +102.9k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 534.6k $8.2m | Added +169.1k |
| NOMURA HOLDINGS INC 0.07% of their portfolio | 486.3k $7.5m | Added +383.9k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 439.6k $6.8m | New |
| CIBC WORLD MARKETS CORP 0.10% of their portfolio | 412.4k $6.3m | Reduced -518.5k |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 383.9k $5.9m | Reduced -16.2k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 373.9k $5.7m | New |
| STRS OHIO 0.01% of their portfolio | 365.1k $5.6m | Added +227.3k |
| BARCLAYS PLC 0.01% of their portfolio | 363.1k $5.6m | Reduced -341.1k |
| Swiss National Bank 0.00% of their portfolio | 351.9k $5.4m | Reduced -42.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.03% of their portfolio | 349.6k $5.4m | Added +287.4k |
| ONTARIO TEACHERS PENSION PLAN BOARD 0.06% of their portfolio | 347.3k $5.3m | Added +81.2k |
| California Public Employees Retirement System 0.00% of their portfolio | 344.5k $5.3m | Reduced -51.0k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 344.3k $5.3m | Added +51.3k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 344.2k $5.3m | Reduced -509.4k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 334.9k $5.1m | Added +75.8k |
| STOREBRAND ASSET MANAGEMENT AS 0.03% of their portfolio | 329.8k $5.1m | Reduced -24.8k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 310.9k $4.8m | Added +43.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 307.9k $4.7m | Added +30.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 303.3k $4.7m | Added +25.0k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 302.2k $4.6m | Added +28.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 296.8k $4.6m | Added +19.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 290.4k $4.5m | Reduced -14.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 274.2k $4.2m | Added +170.8k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 273.9k $4.2m | Added +102.4k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 261.4k $4.0m | Reduced -18.8k |
| Matthew 25 Management Corp 1.54% of their portfolio | 257.5k $4.0m | Added +92.5k |
| Asset Management One Co., Ltd. 0.02% of their portfolio | 255.3k $3.9m | Reduced -6.7k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.03% of their portfolio | 248.8k $3.8m | Added +205.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 241.4k $3.7m | Added +65.5k |
| Walleye Capital LLC 0.07% of their portfolio | 235.2k $3.6m | New |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 226.3k $3.5m | Added +72.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 218.9k $3.4m | Added +37.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 217.1k $3.3m | Unchanged |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 214.2k $3.3m | Added +117.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 211.2k $3.2m | Reduced -3.2k |
| Retirement Systems of Alabama 0.01% of their portfolio | 210.5k $3.2m | Added +158.9k |
| Holocene Advisors, LP 0.02% of their portfolio | 209.1k $3.2m | Added +118.3k |
| LEVIN CAPITAL STRATEGIES, L.P. 0.40% of their portfolio | 207.1k $3.2m | Added +19 |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 203.8k $3.1m | Added +180.8k |
| CITIGROUP INC 0.00% of their portfolio | 187.6k $2.9m | Reduced -89.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 183.3k $2.8m | Reduced -44.2k |
| NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio | 172.2k $2.6m | Added +4.8k |
| CastleKnight Management LP 0.65% of their portfolio | 165.7k $2.5m | Added +152.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 165.6k $2.5m | Reduced -8.7k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 159.9k $2.5m | Reduced -167.5k |
| AXS Investments LLC 0.78% of their portfolio | 152.7k $2.3m | Reduced -17.8k |
| PZENA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 150.8k $2.3m | Reduced -566.4k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 149.5k $2.3m | Reduced -16.2k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 145.4k $2.2m | Added +21.8k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio | 144.3k $2.2m | Added +121.4k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 140.6k $2.2m | Added +10.3k |
| SG Americas Securities, LLC 0.03% of their portfolio | 140.0k $2.2m | New |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio | 138.5k $2.1m | Added +34.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 136.4k $2.1m | Added +9.1k |
| Union Investments & Development Ltd. 1.16% of their portfolio | 131.4k $2.0m | Unchanged |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 130.0k $2.0m | Added +16.9k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 129.6k $2.0m | Added +106.6k |
| Amundi 0.00% of their portfolio | 126.4k $1.9m | Reduced -892.0k |
| GROUP ONE TRADING LLC 0.09% of their portfolio | 120.6k $1.9m | Added +41.8k |
| State of Alaska, Department of Revenue 0.02% of their portfolio | 114.0k $1.8m | Added +2.4k |
| AMALGAMATED BANK 0.01% of their portfolio | 113.3k $1.7m | Added +44.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 112.2k $1.7m | Added +92.7k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 107.6k $1.7m | Added +2.1k |