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 ($5.2m this quarter). Holder counts are more reliable. Shares outstanding: 192.0m as of 2025-06-30, 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 ≈ $38.24. Options: 15 managers hold calls ($103.3m notional), 18 hold puts ($70.3m).
Trends to Q2 2025
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 |
| Q2 2024 | 340 |
| Q3 2024 | 371 |
| Q4 2024 | 392 |
| Q1 2025 | 398 |
| Q2 2025 | 411 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 161 | 146 |
| Q4 2023 | 163 | 159 |
| Q1 2024 | 145 | 183 |
| Q2 2024 | 152 | 167 |
| Q3 2024 | 192 | 159 |
| Q4 2024 | 176 | 170 |
| Q1 2025 | 194 | 173 |
| Q2 2025 | 210 | 179 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $88.2m | $79.1m | 0.90 |
| Q4 2024 | $57.9m | $79.0m | 1.37 |
| Q1 2025 | $31.3m | $20.7m | 0.66 |
| Q2 2025 | $103.3m | $70.3m | 0.68 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +2.3m |
| CITADEL ADVISORS LLC | Added | +1.6m |
| Resolution Capital Ltd | New | +1.3m |
| ROYAL BANK OF CANADA | Added | +766.9k |
| MILLENNIUM MANAGEMENT LLC | Added | +647.2k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Added | +534.0k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Added | +466.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +445.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +353.7k |
| Candriam S.C.A. | New | +286.8k |
Biggest sellers
| DEUTSCHE BANK AG\ | Reduced | -2.7m |
| Russell Investments Group, Ltd. | Reduced | -870.7k |
| NORTHERN TRUST CORP | Reduced | -677.8k |
| Waterfront Capital Partners, LLC | Reduced | -666.6k |
| Lighthouse Investment Partners, LLC | Reduced | -233.4k |
| ExodusPoint Capital Management, LP | Reduced | -202.5k |
| Corebridge Financial, Inc. | Sold out | -183.5k |
| Long Pond Capital, LP | Sold out | -178.8k |
| UBS Group AG | Reduced | -158.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH | Reduced | -149.0k |
Biggest calls
| Hudson Bay Capital Management LP | New | $53.7m1.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $16.9m442.0k shares |
| CITADEL ADVISORS LLC | Added | $8.3m217.0k shares |
| JANE STREET GROUP, LLC | Added | $7.2m188.4k shares |
| SIMPLEX TRADING, LLC | Added | $4.2m110.6k shares |
| LANDMARK INVESTMENT PARTNERS, L.P. | New | $3.7m95.5k shares |
| GROUP ONE TRADING LLC | Reduced | $3.5m90.7k shares |
| Walleye Trading LLC | Reduced | $2.4m62.5k shares |
| IMC-Chicago, LLC | Reduced | $1.6m43.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $601.2k15.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $13.0m341.0k shares |
| Caption Management, LLC | New | $12.6m330.0k shares |
| CITADEL ADVISORS LLC | Added | $10.6m276.8k shares |
| Owl Creek Asset Management, L.P. | New | $10.0m262.5k shares |
| Waterfront Capital Partners, LLC | New | $5.7m150.0k shares |
| SIMPLEX TRADING, LLC | Added | $4.7m123.9k shares |
| JANE STREET GROUP, LLC | Added | $2.8m72.2k shares |
| Walleye Trading LLC | Added | $2.1m56.1k shares |
| IMC-Chicago, LLC | Added | $1.7m43.2k shares |
| UBS Group AG | Unchanged | $1.6m42.7k 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 Q2 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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 2 | $20.5m | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 1 | $56.4k | — |
| Q4 2024 | 0 | — | 1 | $89.7k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $759.6k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-05-30 | Chera Haim EVP- HEAD OF RETAIL | Sold | $759.6k20.0k 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, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 23.7m $907.3m | Reduced -109.7k |
| BlackRock, Inc. 0.02% of their portfolio | 21.8m $835.3m | Reduced -122.6k |
| NORGES BANK 0.08% of their portfolio | 17.4m $665.1m | Added +50.3k |
| FRANKLIN RESOURCES INC 0.12% of their portfolio | 12.0m $460.2m | Added +105.1k |
| STATE STREET CORP 0.01% of their portfolio | 8.8m $337.8m | Added +39.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 7.9m $301.0m | Added +445.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.12% of their portfolio | 5.9m $225.5m | Reduced -136.6k |
| Kemnay Advisory Services Inc. 35.48% of their portfolio | 5.8m $223.1m | Unchanged |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 5.0m $191.4m | Added +2.3m |
| Invesco Ltd. 0.03% of their portfolio | 4.2m $162.1m | Added +36.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.3m $125.0m | Added +40 |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 1.24% of their portfolio | 3.1m $119.7m | Added +534.0k |
| CITADEL ADVISORS LLC 0.09% of their portfolio | 2.8m $106.4m | Added +1.6m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.8m $105.3m | Added +56.0k |
| EARNEST PARTNERS LLC 0.46% of their portfolio | 2.7m $101.6m | Reduced -8.6k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.5m $94.6m | Reduced -42.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.1m $80.8m | Reduced -677.8k |
| MORGAN STANLEY 0.00% of their portfolio | 1.9m $74.1m | Reduced -56.1k |
| Legal & General Group Plc 0.02% of their portfolio | 1.8m $67.2m | Reduced -104.8k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.7m $66.2m | Added +148.3k |
| BAMCO INC /NY/ 0.18% of their portfolio | 1.7m $65.9m | Added +172.0k |
| First Pacific Advisors, LP 0.92% of their portfolio | 1.7m $64.1m | Reduced -345 |
| UBS Group AG 0.01% of their portfolio | 1.5m $57.1m | Reduced -158.5k |
| Hudson Bay Capital Management LP 0.37% of their portfolio | 1.5m $56.9m | Added +270.3k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.83% of their portfolio | 1.4m $55.0m | Added +466.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.4m $54.3m | Added +274.5k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.60% of their portfolio | 1.3m $50.8m | Added +11.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.3m $50.5m | Reduced -12.7k |
| FMR LLC 0.00% of their portfolio | 1.3m $50.1m | Added +198.9k |
| Resolution Capital Ltd 0.98% of their portfolio | 1.3m $49.6m | New |
| SEI INVESTMENTS CO 0.05% of their portfolio | 1.1m $40.8m | Added +195.8k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 1.0m $39.7m | Added +647.2k |
| APG Asset Management US Inc. 0.28% of their portfolio | 971.5k $37.1m | Added +237.8k |
| Nuveen, LLC 0.01% of their portfolio | 946.9k $36.2m | Reduced -88.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 904.6k $34.6m | Reduced -3.9k |
| Woodline Partners LP 0.17% of their portfolio | 824.6k $31.5m | Added +224.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 794.4k $30.4m | Added +766.9k |
| Gotham Asset Management, LLC 0.16% of their portfolio | 681.5k $26.1m | Added +90.8k |
| PRIVATE MANAGEMENT GROUP INC 0.80% of their portfolio | 646.1k $24.7m | Added +36.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 628.7k $24.0m | Added +14.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 575.9k $22.0m | Reduced -28.0k |
| State of Tennessee, Department of Treasury 0.07% of their portfolio | 514.6k $19.7m | Reduced -5.0k |
| Amundi 0.01% of their portfolio | 501.6k $19.2m | Reduced -14.1k |
| AEW CAPITAL MANAGEMENT L P 1.00% of their portfolio | 495.3k $18.9m | Reduced -69.8k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 488.5k $18.7m | Reduced -2.5k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 443.8k $17.0m | Added +50.3k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 418.7k $16.0m | Added +61.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 383.5k $14.7m | Added +353.7k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 367.9k $14.1m | Added +16.2k |
| California Public Employees Retirement System 0.01% of their portfolio | 365.2k $14.0m | Added +32.0k |
| Adelante Capital Management LLC 1.02% of their portfolio | 361.9k $13.8m | Added +74.2k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 354.8k $13.6m | Added +46.2k |
| Swiss National Bank 0.01% of their portfolio | 311.8k $11.9m | Reduced -2.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 311.7k $11.9m | Added +199.3k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio | 311.5k $11.9m | Added +5.3k |
| BARCLAYS PLC 0.00% of their portfolio | 305.7k $11.7m | Added +127.8k |
| GREAT LAKES ADVISORS, LLC 0.10% of their portfolio | 298.9k $11.4m | Reduced -50.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.04% of their portfolio | 292.7k $11.2m | Added +5.3k |
| Candriam S.C.A. 0.06% of their portfolio | 286.8k $11.0m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 278.9k $10.0m | Added +30.7k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.07% of their portfolio | 267.6k $10.2m | Reduced -15.8k |
| STOREBRAND ASSET MANAGEMENT AS 0.03% of their portfolio | 263.5k $10.1m | Reduced -5.4k |
| SCS Capital Management LLC 0.11% of their portfolio | 260.8k $10.0m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 253.0k $9.7m | Reduced -3.6k |
| Asset Management One Co., Ltd. 0.03% of their portfolio | 252.2k $9.6m | Added +3.9k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 251.7k $9.6m | Reduced -870.7k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 251.7k $9.6m | Reduced -4.7k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 241.5k $9.2m | Reduced -19.3k |
| NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio | 241.1k $9.2m | Added +7.5k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 238.0k $9.1m | Added +132.6k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 237.0k $9.1m | Reduced -93.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 231.8k $8.9m | Added +3.2k |
| Lighthouse Investment Partners, LLC 0.36% of their portfolio | 215.0k $8.2m | Reduced -233.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 214.9k $8.2m | Added +20.3k |
| NAN FUNG TRINITY (HK) LTD 0.97% of their portfolio | 211.0k $8.1m | Added +122.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 210.5k $8.0m | Reduced -2.7m |
| Retirement Systems of Alabama 0.03% of their portfolio | 204.1k $7.8m | Added +2.0k |
| PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.31% of their portfolio | 203.6k $7.8m | Unchanged |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 198.1k $7.6m | Reduced -149.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 184.5k $7.1m | Added +2.3k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 179.7k $6.9m | Added +12.5k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 169.2k $6.5m | Reduced -22.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 163.3k $6.2m | Added +12.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 157.1k $6.0m | Reduced -2.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 140.9k $5.4m | Reduced -12.4k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 137.8k $5.3m | Added +86.3k |
| CITIGROUP INC 0.00% of their portfolio | 129.2k $4.9m | Added +53.5k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 127.9k $4.9m | Added +3.5k |
| Pacific Heights Asset Management LLC 0.25% of their portfolio | 125.0k $4.8m | Added +25.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 119.1k $4.6m | Added +4.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 115.6k $4.4m | Added +25.9k |
| Quantinno Capital Management LP 0.02% of their portfolio | 114.6k $4.4m | Added +14.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 113.3k $4.3m | Added +5.1k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 113.0k $4.3m | Added +1.7k |
| 1832 Asset Management L.P. 0.01% of their portfolio | 108.8k $4.2m | New |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.05% of their portfolio | 105.3k $4.0m | Reduced -2.3k |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 105.1k $4.0m | New |
| State of Alaska, Department of Revenue 0.04% of their portfolio | 105.1k $4.0m | Added +2 |
| Prospect Financial Services LLC 2.40% of their portfolio | 100.7k $3.9m | Reduced -7.6k |
| Waterfront Capital Partners, LLC 0.95% of their portfolio | 100.0k $3.8m | Reduced -666.6k |