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 ($2.6m this quarter). Holder counts are more reliable. Shares outstanding: 190.5m as of 2024-03-31, 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 ≈ $28.64. Options: 20 managers hold calls ($59.0m notional), 20 hold puts ($46.5m).
Trends to Q1 2024
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 |
| Q4 2023 | 368 |
| Q1 2024 | 345 |
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 |
| Q4 2023 | 163 | 159 |
| Q1 2024 | 145 | 183 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $47.7m | $67.6m | 1.42 |
| Q3 2023 | $61.4m | $123.5m | 2.01 |
| Q4 2023 | $85.6m | $103.0m | 1.20 |
| Q1 2024 | $59.0m | $46.5m | 0.79 |
Biggest buyers
| FRANKLIN RESOURCES INC | Added | +10.1m |
| MORGAN STANLEY | Added | +2.8m |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | New | +1.4m |
| NOMURA HOLDINGS INC | Added | +1.2m |
| NATIXIS | New | +749.5k |
| D. E. Shaw & Co., Inc. | Added | +712.1k |
| Waterfront Capital Partners, LLC | New | +622.0k |
| BANK OF AMERICA CORP /DE/ | Added | +514.4k |
| UBS Group AG | Added | +477.2k |
| JUPITER ASSET MANAGEMENT LTD | New | +445.8k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -1.9m |
| DEUTSCHE BANK AG\ | Reduced | -982.1k |
| STATE STREET CORP | Reduced | -882.8k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Reduced | -829.6k |
| HSBC HOLDINGS PLC | Reduced | -450.6k |
| CITADEL ADVISORS LLC | Reduced | -441.8k |
| Amundi | Reduced | -414.2k |
| TUDOR INVESTMENT CORP ET AL | Sold out | -319.0k |
| JANE STREET GROUP, LLC | Reduced | -318.0k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | Sold out | -223.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.9m482.1k shares |
| CITADEL ADVISORS LLC | Reduced | $12.8m446.4k shares |
| GROUP ONE TRADING LLC | Reduced | $8.0m278.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $6.2m214.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $4.2m145.3k shares |
| JANE STREET GROUP, LLC | Reduced | $3.2m110.1k shares |
| BARCLAYS PLC | New | $2.8m96.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $2.1m74.5k shares |
| GTS SECURITIES LLC | Added | $1.4m47.9k shares |
| D. E. Shaw & Co., Inc. | Added | $914.9k31.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $13.0m452.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.8m341.7k shares |
| GROUP ONE TRADING LLC | Reduced | $4.9m169.2k shares |
| Crawford Fund Management, LLC | Reduced | $4.8m168.5k shares |
| JPMORGAN CHASE & CO | Reduced | $2.7m94.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.4m83.7k shares |
| Squarepoint Ops LLC | Added | $1.5m51.1k shares |
| D. E. Shaw & Co., Inc. | Added | $1.3m44.7k shares |
| JANE STREET GROUP, LLC | Reduced | $978.2k34.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $883.2k30.7k 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 2024
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 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 | — | — |
| Q4 2023 | 0 | — | 2 | $20.5m | — |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 24.3m $698.1m | Reduced -44.5k |
| BlackRock Inc. 0.01% of their portfolio | 21.0m $605.4m | Reduced -52.4k |
| NORGES BANK 0.08% of their portfolio | 17.3m $498.9m | Unchanged |
| MORGAN STANLEY 0.01% of their portfolio | 10.4m $298.2m | Added +2.8m |
| FRANKLIN RESOURCES INC 0.09% of their portfolio | 10.1m $291.0m | Added +10.1m |
| Brookfield Corp /ON/ 1.59% of their portfolio | 9.4m $269.2m | Unchanged |
| STATE STREET CORP 0.01% of their portfolio | 8.8m $252.4m | Reduced -882.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 6.2m $178.3m | Added +44.1k |
| Kemnay Advisory Services Inc. 32.26% of their portfolio | 5.8m $167.9m | Unchanged |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 3.1m $90.2m | Reduced -982.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.0m $85.9m | Added +115.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.7m $77.1m | Added +56.5k |
| EARNEST PARTNERS LLC 0.34% of their portfolio | 2.6m $74.4m | Reduced -8.3k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.5m $71.8m | Added +61.2k |
| Legal & General Group Plc 0.02% of their portfolio | 2.2m $63.1m | Reduced -110.0k |
| NOMURA HOLDINGS INC 0.50% of their portfolio | 2.1m $61.1m | Added +1.2m |
| First Pacific Advisors, LP 0.78% of their portfolio | 1.9m $55.6m | Added +364 |
| Amundi 0.02% of their portfolio | 1.7m $44.8m | Reduced -414.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.6m $47.1m | Added +514.4k |
| D. E. Shaw & Co., Inc. 0.06% of their portfolio | 1.6m $45.2m | Added +712.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.5m $43.7m | Reduced -37.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.5m $43.6m | Reduced -1.9m |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.47% of their portfolio | 1.4m $39.1m | New |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.3m $37.2m | Reduced -124.8k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 1.3m $36.0m | Reduced -66.7k |
| ING GROEP NV 0.24% of their portfolio | 1.2m $35.1m | Added +107.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.1m $30.9m | Reduced -22.1k |
| H/2 CREDIT MANAGER LP 7.44% of their portfolio | 1.0m $29.0m | Unchanged |
| Invesco Ltd. 0.01% of their portfolio | 964.2k $27.7m | Added +401.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 934.5k $26.9m | Reduced -12.1k |
| Castle Hook Partners LP 0.96% of their portfolio | 927.0k $26.7m | Added +371.5k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 921.5k $26.5m | Reduced -1.3k |
| NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio | 917.1k $22.2m | Added +67.1k |
| PRIVATE MANAGEMENT GROUP INC 0.97% of their portfolio | 888.8k $25.6m | Reduced -93.6k |
| NATIXIS 0.12% of their portfolio | 749.5k $21.6m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 747.4k $21.5m | Added +199.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 647.5k $18.6m | Reduced -7.3k |
| Waterfront Capital Partners, LLC 1.67% of their portfolio | 622.0k $17.9m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 603.4k $17.4m | Added +15.3k |
| BARCLAYS PLC 0.01% of their portfolio | 600.6k $17.3m | Added +331.5k |
| Nixon Capital, LLC 6.45% of their portfolio | 582.2k $16.8m | Added +169.5k |
| State of Tennessee, Department of Treasury 0.06% of their portfolio | 577.1k $16.6m | Reduced -35.0k |
| Advisors Capital Management, LLC 0.29% of their portfolio | 557.9k $16.1m | Reduced -11.7k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 517.7k $3.4m | Added +422.3k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 505.3k $14.5m | Reduced -21.9k |
| UBS Group AG 0.00% of their portfolio | 487.5k $14.0m | Added +477.2k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 469.3k $13.5m | Added +25.4k |
| JUPITER ASSET MANAGEMENT LTD 0.12% of their portfolio | 445.8k $12.8m | New |
| CIBC WORLD MARKETS CORP 0.08% of their portfolio | 410.0k $11.8m | Reduced -3.6k |
| Gotham Asset Management, LLC 0.17% of their portfolio | 395.8k $11.4m | Added +86.2k |
| Adelante Capital Management LLC 0.72% of their portfolio | 381.2k $11.0m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 363.0k $10.4m | Added +43.0k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 362.7k $10.4m | Reduced -450.6k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 358.4k $10.3m | Reduced -441.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 356.5k $10.3m | Reduced -33.1k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio | 342.7k $9.9m | Reduced -55.4k |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 330.7k $9.5m | Reduced -21.9k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 328.1k $9.4m | Added +8.5k |
| California Public Employees Retirement System 0.01% of their portfolio | 320.2k $9.2m | Reduced -11.8k |
| Swiss National Bank 0.01% of their portfolio | 319.2k $9.2m | Unchanged |
| Rheos Capital Works Inc. 0.44% of their portfolio | 318.0k $9.1m | Unchanged |
| STOREBRAND ASSET MANAGEMENT AS 0.03% of their portfolio | 310.9k $8.9m | Reduced -6.5k |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 300.8k $8.7m | Reduced -130.6k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.03% of their portfolio | 295.9k $8.5m | Reduced -7.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 288.1k $8.3m | Added +2.0k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 285.4k $8.2m | Reduced -8.3k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 272.3k $7.8m | Reduced -4.0k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 250.3k $7.2m | Reduced -318.0k |
| Asset Management One Co., Ltd. 0.03% of their portfolio | 238.3k $6.9m | Reduced -15.6k |
| Matthew 25 Management Corp 2.20% of their portfolio | 225.0k $6.5m | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 217.1k $3.3m | Added +10.2k |
| GUGGENHEIM CAPITAL LLC 0.04% of their portfolio | 214.3k $6.2m | Added +206.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 214.2k $6.2m | Added +5.3k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 214.1k $6.2m | Reduced -28.9k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.02% of their portfolio | 211.8k $6.1m | Reduced -4.3k |
| MASTERS CAPITAL MANAGEMENT LLC 1.14% of their portfolio | 210.0k $6.0m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 201.7k $5.8m | Reduced -10.4k |
| Retirement Systems of Alabama 0.02% of their portfolio | 200.8k $5.8m | Added +527 |
| NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio | 195.2k $5.6m | Added +7.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 184.3k $5.3m | Added +42.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 182.0k $5.2m | Added +6.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 181.7k $5.2m | Reduced -6.6k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.09% of their portfolio | 178.1k $5.1m | Reduced -829.6k |
| Cinctive Capital Management LP 0.25% of their portfolio | 169.2k $4.9m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 166.0k $4.8m | Reduced -10.3k |
| CITIGROUP INC 0.00% of their portfolio | 159.2k $4.6m | Reduced -29.0k |
| NAN FUNG TRINITY (HK) LTD 1.04% of their portfolio | 159.1k $4.6m | Added +81.1k |
| ALGERT GLOBAL LLC 0.18% of their portfolio | 157.8k $4.5m | Added +112.4k |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 150.1k $4.3m | New |
| TEXAS PERMANENT SCHOOL FUND CORP 0.03% of their portfolio | 139.9k $4.0m | Added +2.0k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 139.2k $4.0m | Reduced -3.5k |
| FARMERS TRUST CO 0.78% of their portfolio | 134.4k $3.9m | Reduced -8.8k |
| Walleye Trading LLC 0.06% of their portfolio | 125.6k $3.6m | Reduced -193.6k |
| GROUP ONE TRADING LLC 0.12% of their portfolio | 121.2k $3.5m | Reduced -51.6k |
| Capitolis Liquid Global Markets LLC 0.05% of their portfolio | 117.2k $3.4m | Reduced -107.8k |
| Waterloo Capital, L.P. 0.42% of their portfolio | 115.1k $3.3m | Added +29.8k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 111.4k $3.1m | Reduced -14.8k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 110.0k $3.2m | Added +5.8k |
| AMALGAMATED BANK 0.03% of their portfolio | 105.8k $3.0m | Added +3.1k |
| Pathstone Holdings, LLC 0.01% of their portfolio | 102.7k $3.0m | Added +27.0k |