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 ($10.8m this quarter). Holder counts are more reliable. Shares outstanding: 188.1m as of 2026-03-31, 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 ≈ $25.98. Options: 8 managers hold calls ($7.2m notional), 9 hold puts ($8.6m).
Trends to Q1 2026
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 |
| Q3 2025 | 401 |
| Q4 2025 | 389 |
| Q1 2026 | 401 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 152 | 167 |
| Q3 2024 | 192 | 159 |
| Q4 2024 | 176 | 170 |
| Q1 2025 | 194 | 173 |
| Q2 2025 | 210 | 179 |
| Q3 2025 | 176 | 188 |
| Q4 2025 | 169 | 208 |
| Q1 2026 | 228 | 158 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $103.3m | $70.3m | 0.68 |
| Q3 2025 | $19.7m | $14.6m | 0.74 |
| Q4 2025 | $21.5m | $10.1m | 0.47 |
| Q1 2026 | $7.2m | $8.6m | 1.20 |
Biggest buyers
| Resolution Capital Ltd | Added | +1.9m |
| AQR CAPITAL MANAGEMENT LLC | Added | +1.3m |
| BlackRock, Inc. | Added | +1.1m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | New | +820.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +788.1k |
| TUDOR INVESTMENT CORP ET AL | Added | +679.7k |
| TWO SIGMA INVESTMENTS, LP | Added | +673.0k |
| FRANKLIN RESOURCES INC | Added | +655.4k |
| MILLENNIUM MANAGEMENT LLC | Added | +492.9k |
| MORGAN STANLEY | Added | +491.0k |
Biggest sellers
| Invesco Ltd. | Reduced | -1.5m |
| Pacer Advisors, Inc. | Reduced | -1.5m |
| Hudson Bay Capital Management LP | Reduced | -1.4m |
| GRS Advisors, LLC | Sold out | -848.7k |
| CITADEL ADVISORS LLC | Reduced | -785.4k |
| Schonfeld Strategic Advisors LLC | Sold out | -676.3k |
| Candriam S.C.A. | Sold out | -521.3k |
| FMR LLC | Reduced | -468.2k |
| APG Asset Management US Inc. | Reduced | -374.6k |
| Apollo Management Holdings, L.P. | Sold out | -266.9k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $1.6m61.5k shares |
| Walleye Trading LLC | Reduced | $1.6m60.9k shares |
| GROUP ONE TRADING LLC | Reduced | $1.5m58.9k shares |
| IMC-Chicago, LLC | Added | $782.3k30.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $766.7k29.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $369.1k14.2k shares |
| Twin Tree Management, LP | New | $291.1k11.2k shares |
| JANE STREET GROUP, LLC | Reduced | $267.7k10.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.9m113.0k shares |
| SIMPLEX TRADING, LLC | Added | $1.7m64.8k shares |
| CITADEL ADVISORS LLC | Added | $1.5m56.6k shares |
| IMC-Chicago, LLC | New | $727.7k28.0k shares |
| JANE STREET GROUP, LLC | Added | $439.2k16.9k shares |
| Capula Management Ltd | Not comparable | $431.4k16.6k shares |
| Walleye Trading LLC | Reduced | $337.9k13.0k shares |
| Crawford Fund Management, LLC | Reduced | $311.9k12.0k shares |
| GROUP ONE TRADING LLC | Reduced | $252.1k9.7k 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 2026
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 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 | — |
| Q3 2025 | 0 | — | 1 | $1.2m | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 1 | $5.6m | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-12 | TISCH DANIEL R Director | Bought | $766.5k30.0k shares |
| 2026-03-03 | TISCH DANIEL R Director | Bought | $1.8m70.0k shares |
| 2026-03-02 | TISCH DANIEL R Director | Bought | $1.1m40.0k shares |
| 2026-02-27 | TISCH DANIEL R Director | Bought | $1.2m45.0k shares |
| 2026-02-24 | TISCH DANIEL R Director | Bought | $696.2k25.0k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 22.8m $592.2m | Added +1.1m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 14.6m $380.4m | First filing |
| FRANKLIN RESOURCES INC 0.08% of their portfolio | 13.2m $342.0m | Added +655.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 9.2m $240.3m | Added +191.1k |
| STATE STREET CORP 0.01% of their portfolio | 8.2m $212.3m | Reduced -211.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 7.6m $198.5m | First filing |
| Resolution Capital Ltd 4.08% of their portfolio | 7.5m $193.9m | Added +1.9m |
| PRINCIPAL FINANCIAL GROUP INC 0.08% of their portfolio | 5.9m $153.2m | Reduced -149.5k |
| Kemnay Advisory Services Inc. 24.37% of their portfolio | 5.8m $151.6m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.6m $92.7m | Added +213.2k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.92% of their portfolio | 3.4m $89.1m | Added +425.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.2m $83.4m | Added +368.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.8m $71.6m | Reduced -14.7k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.5m $65.3m | Added +13.0k |
| EARNEST PARTNERS LLC 0.27% of their portfolio | 2.5m $64.9m | Reduced -19.6k |
| MORGAN STANLEY 0.00% of their portfolio | 2.3m $59.5m | Added +491.0k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 2.0m $50.9m | Added +1.3m |
| Invesco Ltd. 0.00% of their portfolio | 1.7m $45.0m | Reduced -1.5m |
| First Pacific Advisors, LP 0.61% of their portfolio | 1.7m $43.7m | Added +4.1k |
| Legal & General Group Plc 0.01% of their portfolio | 1.6m $42.3m | Reduced -161.7k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.41% of their portfolio | 1.5m $39.9m | Added +69.2k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.54% of their portfolio | 1.4m $36.6m | Reduced -136.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 1.4m $36.3m | Added +788.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.4m $35.9m | Reduced -71.4k |
| UBS Group AG 0.01% of their portfolio | 1.4m $35.7m | Added +343.6k |
| PRIVATE MANAGEMENT GROUP INC 0.98% of their portfolio | 1.3m $33.9m | Added +344.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.3m $32.9m | Added +68.3k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 1.1m $27.8m | Added +175.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.1m $27.6m | Added +9.8k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 1.0m $26.1m | First filing |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 886.4k $23.0m | Reduced -12.3k |
| State of Tennessee, Department of Treasury 0.07% of their portfolio | 854.7k $22.2m | Added +160.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 820.8k $20.7m | New |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 814.0k $21.2m | Added +492.9k |
| Adelante Capital Management LLC 1.42% of their portfolio | 798.2k $20.7m | Added +150.3k |
| TUDOR INVESTMENT CORP ET AL 0.11% of their portfolio | 785.8k $20.4m | Added +679.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 756.1k $19.0m | Reduced -176.6k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 706.0k $18.3m | Added +673.0k |
| APG Asset Management US Inc. 0.12% of their portfolio | 609.2k $15.6m | Reduced -374.6k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 594.1k $15.4m | Reduced -785.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 566.3k $13.5m | Added +267.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 548.0k $14.2m | Added +24.6k |
| Gotham Asset Management, LLC 0.04% of their portfolio | 459.5k $11.9m | Added +118.7k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 450.9k $11.7m | Reduced -4.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 436.0k $11.3m | Reduced -120.4k |
| Lodge Hill Capital, LLC 2.13% of their portfolio | 425.0k $11.0m | New |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 401.5k $10.4m | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 390.6k $10.2m | Added +55.6k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 389.0k $10.1m | Reduced -68.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 380.8k $9.9m | Added +2.6k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.07% of their portfolio | 367.8k $9.6m | Added +45.2k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 357.7k $9.3m | Reduced -2.3k |
| Pacific Heights Asset Management LLC 0.30% of their portfolio | 350.0k $9.1m | Unchanged |
| SG Americas Securities, LLC 0.01% of their portfolio | 349.5k $9.1m | Added +276.1k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 343.3k $8.9m | Reduced -264.0k |
| CITIGROUP INC 0.01% of their portfolio | 340.5k $8.8m | Added +156.6k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 328.4k $8.5m | Reduced -55.0k |
| Swiss National Bank 0.00% of their portfolio | 323.0k $8.4m | Added +1.2k |
| Quantinno Capital Management LP 0.01% of their portfolio | 295.8k $7.7m | Added +51.8k |
| Hudson Bay Capital Management LP 0.04% of their portfolio | 279.6k $7.3m | Reduced -1.4m |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 264.9k $6.9m | Added +14.8k |
| Nuveen, LLC 0.00% of their portfolio | 260.0k $6.8m | Added +11.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 257.7k $6.7m | Reduced -22.1k |
| NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio | 256.6k $6.7m | Added +7.1k |
| Freestone Grove Partners LP 0.05% of their portfolio | 256.0k $6.7m | New |
| Brookfield Corp /ON/ 0.01% of their portfolio | 249.8k $6.5m | Added +249.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 245.3k $6.4m | Added +37.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 232.7k $7.7m | Reduced -23.3k |
| Asset Management One Co., Ltd. 0.02% of their portfolio | 229.4k $6.0m | Reduced -10.2k |
| Man Group plc 0.01% of their portfolio | 214.6k $5.6m | Added +125.4k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 209.3k $5.4m | Added +538 |
| Retirement Systems of Alabama 0.02% of their portfolio | 196.3k $5.1m | Added +2.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 193.2k $5.0m | Added +38.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 185.8k $4.8m | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 185.6k $4.8m | Added +6.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 182.5k $4.7m | Added +7.8k |
| STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio | 182.4k $4.7m | Reduced -51.0k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 176.5k $4.6m | Added +2.5k |
| WATERFALL ASSET MANAGEMENT, LLC 2.48% of their portfolio | 170.5k $4.4m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 166.9k $4.3m | Reduced -5.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 163.5k $4.2m | Added +154.7k |
| Vanguard Investments Australia, Ltd. 0.01% of their portfolio | 156.7k $4.1m | First filing |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 154.0k $4.0m | First filing |
| Taproot Management LP 0.75% of their portfolio | 153.4k $4.0m | Added +12.9k |
| Brooklyn Investment Group 0.12% of their portfolio | 151.4k $3.9m | Added +128.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 151.1k $3.9m | Added +68.4k |
| BARCLAYS PLC 0.00% of their portfolio | 150.9k $3.9m | Reduced -33.9k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 144.5k $3.8m | Added +7.2k |
| NAN FUNG TRINITY (HK) LTD 0.41% of their portfolio | 143.8k $3.7m | Unchanged |
| Marnell Management LLC 2.46% of their portfolio | 142.6k $3.7m | Added +130.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 129.5k $3.4m | Added +2.4k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio | 120.3k $3.1m | Added +22.1k |
| WOLVERINE ASSET MANAGEMENT LLC 0.05% of their portfolio | 119.7k $3.1m | New |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.03% of their portfolio | 117.2k $3.0m | Added +224 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 116.0k $3.0m | Reduced -3.4k |
| Treasurer of the State of North Carolina 0.01% of their portfolio | 115.8k $3.0m | Added +5.5k |
| Lighthouse Investment Partners, LLC 0.11% of their portfolio | 113.7k $3.0m | Added +27.7k |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 113.0k $3.0m | Unchanged |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 112.7k $2.9m | Added +14.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 110.7k $2.9m | New |