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 ($2.1m this quarter). Holder counts are more reliable. Shares outstanding: 190.3m as of 2023-09-30, 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 ≈ $22.67. Options: 19 managers hold calls ($61.4m notional), 26 hold puts ($123.5m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 357 |
| Q4 2022 | 361 |
| Q1 2023 | 311 |
| Q2 2023 | 323 |
| Q3 2023 | 331 |
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 |
| Q2 2023 | 165 | 150 |
| Q3 2023 | 161 | 146 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $36.8m | $30.0m | 0.82 |
| Q1 2023 | $21.9m | $51.0m | 2.32 |
| Q2 2023 | $47.7m | $67.6m | 1.42 |
| Q3 2023 | $61.4m | $123.5m | 2.01 |
Biggest buyers
| Kemnay Advisory Services Inc. | New | +5.8m |
| DEUTSCHE BANK AG\ | Added | +2.5m |
| CITADEL ADVISORS LLC | Added | +2.4m |
| Russell Investments Group, Ltd. | Added | +1.3m |
| RUSH ISLAND MANAGEMENT, LP | New | +1.2m |
| MILLENNIUM MANAGEMENT LLC | Added | +721.1k |
| Nuveen Asset Management, LLC | Added | +618.1k |
| D. E. Shaw & Co., Inc. | New | +607.3k |
| MORGAN STANLEY | Added | +557.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +527.2k |
Biggest sellers
| Waterfront Capital Partners, LLC | Sold out | -1.5m |
| NOMURA HOLDINGS INC | Reduced | -1.4m |
| Point72 Asset Management, L.P. | Sold out | -1.3m |
| Sumitomo Mitsui Trust Group, Inc. | Reduced | -1.1m |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | Sold out | -1.1m |
| FRANKLIN RESOURCES INC | Reduced | -973.8k |
| Allianz Asset Management GmbH | Sold out | -959.0k |
| Balyasny Asset Management L.P. | Sold out | -668.1k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -665.2k |
| Duquesne Family Office LLC | Sold out | -594.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $12.4m547.7k shares |
| CITADEL ADVISORS LLC | Reduced | $11.0m484.5k shares |
| SIMPLEX TRADING, LLC | Added | $7.5m329.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $7.3m320.6k shares |
| JANE STREET GROUP, LLC | Added | $5.7m252.8k shares |
| Walleye Trading LLC | Added | $3.8m169.2k shares |
| GROUP ONE TRADING LLC | Added | $3.0m130.6k shares |
| GOLDMAN SACHS GROUP INC | New | $2.3m100.0k shares |
| NOMURA HOLDINGS INC | Unchanged | $2.3m99.9k shares |
| WOLVERINE TRADING, LLC | Added | $2.0m89.2k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $27.8m1.2m shares |
| UBS Group AG | Reduced | $13.2m583.3k shares |
| GROUP ONE TRADING LLC | Added | $12.5m550.7k shares |
| GOLDMAN SACHS GROUP INC | New | $12.5m550.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $10.1m446.7k shares |
| NOMURA HOLDINGS INC | Added | $9.8m433.9k shares |
| Centiva Capital, LP | New | $9.1m400.0k shares |
| KINGDON CAPITAL MANAGEMENT, L.L.C. | New | $5.6m247.5k shares |
| JPMORGAN CHASE & CO | New | $4.7m206.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $3.8m168.0k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2023 | 1 | $542.3k | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
None reported in Q3 2023.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 24.5m $554.7m | Added +116.5k |
| BlackRock Inc. 0.01% of their portfolio | 20.4m $463.3m | Added +87.5k |
| NORGES BANK 0.08% of their portfolio | 17.3m $393.3m | Unchanged |
| PUTNAM INVESTMENTS LLC 0.33% of their portfolio | 9.7m $219.8m | Reduced -159.1k |
| STATE STREET CORP 0.01% of their portfolio | 9.7m $218.9m | Reduced -50.5k |
| Brookfield Corp /ON/ 1.33% of their portfolio | 9.4m $212.2m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 6.1m $138.1m | Added +200.1k |
| Kemnay Advisory Services Inc. 39.62% of their portfolio | 5.8m $132.3m | New |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 4.2m $96.1m | Added +2.5m |
| MORGAN STANLEY 0.01% of their portfolio | 3.0m $68.5m | Added +557.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.8m $63.4m | Reduced -25.4k |
| EARNEST PARTNERS LLC 0.34% of their portfolio | 2.6m $59.1m | Added +89.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.5m $57.7m | Added +527.2k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.4m $55.3m | Added +12.0k |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 2.4m $54.8m | Added +2.4m |
| Legal & General Group Plc 0.02% of their portfolio | 2.2m $50.7m | Reduced -143.1k |
| First Pacific Advisors, LP 0.69% of their portfolio | 1.9m $43.9m | Reduced -7.8k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.6m $37.2m | Reduced -26.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.6m $35.4m | Added +34.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4m $31.0m | Added +352.2k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 1.3m $30.3m | Added +1.3m |
| ING GROEP NV 0.27% of their portfolio | 1.3m $30.3m | Reduced -11.6k |
| RUSH ISLAND MANAGEMENT, LP 2.51% of their portfolio | 1.2m $27.9m | New |
| PRIVATE MANAGEMENT GROUP INC 1.13% of their portfolio | 1.2m $27.7m | Reduced -123.9k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 1.1m $25.8m | Reduced -375.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.0m $23.3m | Added +75.9k |
| H/2 CREDIT MANAGER LP 6.34% of their portfolio | 1.0m $22.9m | Unchanged |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 967.6k $21.9m | Added +618.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 963.6k $21.9m | Reduced -16.4k |
| State of Tennessee, Department of Treasury 0.08% of their portfolio | 840.4k $19.1m | Added +269.8k |
| NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio | 805.3k $17.7m | Added +185.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 790.5k $17.9m | Reduced -279.0k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 766.7k $17.4m | Added +721.1k |
| Invesco Ltd. 0.00% of their portfolio | 679.7k $15.4m | Reduced -36.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 675.8k $15.3m | Reduced -450.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 675.6k $15.3m | Added +10.5k |
| Advisors Capital Management, LLC 0.37% of their portfolio | 639.7k $14.5m | Added +8.0k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 607.3k $13.8m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 591.7k $13.4m | Reduced -14.6k |
| NATIXIS 0.10% of their portfolio | 557.4k $12.6m | Added +503.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 541.6k $12.3m | Added +522.3k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 539.5k $12.2m | Reduced -6.4k |
| TUDOR INVESTMENT CORP ET AL 0.15% of their portfolio | 450.7k $10.2m | Added +385.2k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 444.4k $10.1m | Added +124.5k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.20% of their portfolio | 434.8k $9.9m | Added +418.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 426.7k $9.7m | Added +111.5k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio | 407.8k $9.2m | Added +5.6k |
| GROUP ONE TRADING LLC 0.35% of their portfolio | 389.8k $8.8m | Added +250.6k |
| NOMURA HOLDINGS INC 0.09% of their portfolio | 372.8k $8.5m | Reduced -1.4m |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 0.63% of their portfolio | 364.1k $8.3m | Unchanged |
| California Public Employees Retirement System 0.01% of their portfolio | 363.2k $8.2m | Reduced -4.4k |
| CIBC WORLD MARKETS CORP 0.08% of their portfolio | 360.0k $8.2m | Unchanged |
| Swiss National Bank 0.01% of their portfolio | 358.5k $8.1m | Added +3.4k |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 350.6k $7.3m | Reduced -32.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 346.9k $7.9m | Added +71.2k |
| Nixon Capital, LLC 4.33% of their portfolio | 344.0k $7.8m | New |
| BARCLAYS PLC 0.01% of their portfolio | 339.9k $7.7m | Reduced -101 |
| Lighthouse Investment Partners, LLC 0.44% of their portfolio | 325.0k $7.4m | Added +75.0k |
| Gotham Asset Management, LLC 0.15% of their portfolio | 322.0k $7.3m | Added +46.3k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 320.6k $7.3m | Reduced -4.8k |
| STOREBRAND ASSET MANAGEMENT AS 0.03% of their portfolio | 315.8k $7.2m | Reduced -11.6k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.03% of their portfolio | 301.6k $6.8m | Added +7.6k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 293.1k $6.6m | Added +31.9k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 284.7k $6.5m | Added +14.8k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 281.9k $6.4m | Reduced -9.7k |
| Asset Management One Co., Ltd. 0.03% of their portfolio | 251.8k $5.7m | Reduced -10.7k |
| Matthew 25 Management Corp 2.16% of their portfolio | 250.0k $5.7m | Reduced -40.0k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 249.1k $5.7m | Reduced -973.8k |
| Amundi 0.00% of their portfolio | 242.1k $5.1m | Added +107.3k |
| ONTARIO TEACHERS PENSION PLAN BOARD 0.06% of their portfolio | 234.5k $5.3m | Added +4.0k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 234.2k $5.3m | Reduced -244.3k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.03% of their portfolio | 225.6k $5.1m | Reduced -17.6k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 215.6k $4.9m | Added +72.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 206.7k $4.7m | Added +270 |
| Rheos Capital Works Inc. 0.28% of their portfolio | 205.0k $4.6m | New |
| PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.11% of their portfolio | 203.6k $4.6m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 200.0k $4.5m | Added +3.8k |
| Retirement Systems of Alabama 0.02% of their portfolio | 199.8k $4.5m | Reduced -7.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 186.2k $4.2m | Reduced -19.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 183.8k $4.2m | Added +91.2k |
| NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio | 180.6k $4.1m | Added +3.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 175.5k $4.0m | Reduced -1.1m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 164.7k $3.7m | Added +33.0k |
| CITIGROUP INC 0.01% of their portfolio | 158.0k $3.6m | Added +46.6k |
| OSAIC HOLDINGS, INC. 0.01% of their portfolio | 157.3k $3.6m | Added +42.5k |
| FARMERS TRUST CO 0.82% of their portfolio | 156.2k $3.5m | Reduced -11.6k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 153.1k $3.5m | Added +146 |
| VESTOR CAPITAL, LLC 0.38% of their portfolio | 153.0k $3.5m | New |
| UBS Group AG 0.00% of their portfolio | 149.9k $3.4m | Reduced -148.8k |
| NAN FUNG TRINITY (HK) LTD 0.57% of their portfolio | 138.6k $3.1m | New |
| TEXAS PERMANENT SCHOOL FUND CORP 0.03% of their portfolio | 135.7k $3.1m | Reduced -5.9k |
| Union Investments & Development Ltd. 1.60% of their portfolio | 131.4k $3.0m | Unchanged |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 124.6k $2.8m | Added +81.7k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio | 121.4k $2.8m | Reduced -66.2k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 115.9k $2.6m | Reduced -13.2k |
| TWINBEECH CAPITAL LP 0.05% of their portfolio | 108.7k $2.5m | New |
| NISA INVESTMENT ADVISORS, LLC 0.02% of their portfolio | 108.1k $2.5m | Added +29.5k |
| AMALGAMATED BANK 0.02% of their portfolio | 104.5k $2.4m | Reduced -3.1k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 104.2k $2.4m | Reduced -72.5k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 104.0k $2.4m | Reduced -13.3k |