WALKER & DUNLOP INC WD
COM · Common Stock · CUSIP 93148P102
Real estate finance and advisory services in Bethesda, Maryland, US
- SectorFinancials
- IndustryFinance Services
- HeadquartersBethesda, MD
- Founded1937
- Websitewalkerdunlop.com
- FilingsSEC EDGAR
* 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 ($1.2m this quarter). Holder counts are more reliable. Shares outstanding: 34.3m as of 2026-04-30, 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 ≈ $45.12. Options: 6 managers hold calls ($13.0m notional), 1 hold puts ($497.1k).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 245 |
| Q4 2022 | 227 |
| Q1 2023 | 242 |
| Q2 2023 | 217 |
| Q3 2023 | 217 |
| Q4 2023 | 253 |
| Q1 2024 | 263 |
| Q2 2024 | 253 |
| Q3 2024 | 275 |
| Q4 2024 | 272 |
| Q1 2025 | 295 |
| Q2 2025 | 286 |
| Q3 2025 | 283 |
| Q4 2025 | 279 |
| Q1 2026 | 255 |
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 | 117 | 123 |
| Q3 2024 | 147 | 95 |
| Q4 2024 | 122 | 127 |
| Q1 2025 | 148 | 117 |
| Q2 2025 | 154 | 136 |
| Q3 2025 | 165 | 119 |
| Q4 2025 | 138 | 148 |
| Q1 2026 | 129 | 141 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $3.2m | $1.3m | 0.42 |
| Q3 2025 | $6.8m | $3.5m | 0.52 |
| Q4 2025 | $2.2m | $2.1m | 0.94 |
| Q1 2026 | $13.0m | $497.1k | 0.04 |
Biggest buyers
| AMERIPRISE FINANCIAL INC | Added | +370.6k |
| Alyeska Investment Group, L.P. | Added | +245.8k |
| BANK OF AMERICA CORP /DE/ | Added | +205.0k |
| AQR CAPITAL MANAGEMENT LLC | Added | +183.3k |
| Conversant Capital LLC | Added | +138.9k |
| ALLIANCEBERNSTEIN L.P. | Added | +136.0k |
| GRATIA CAPITAL, LLC | New | +113.0k |
| RPg Family Wealth Advisory, LLC | Added | +110.2k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | New | +109.3k |
| DIMENSIONAL FUND ADVISORS LP | Added | +104.0k |
Biggest sellers
| T. Rowe Price Investment Management, Inc. | Reduced | -446.8k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -259.1k |
| GOLDMAN SACHS GROUP INC | Reduced | -253.9k |
| Bank of New York Mellon Corp | Reduced | -162.7k |
| THORNBURG INVESTMENT MANAGEMENT INC | Sold out | -160.1k |
| Tributary Capital Management, LLC | Sold out | -148.5k |
| JPMORGAN CHASE & CO | Reduced | -147.5k |
| DEPRINCE RACE & ZOLLO INC | Reduced | -130.6k |
| Karl Kapital LLC | Sold out | -116.6k |
| Nixon Capital, LLC | Sold out | -114.4k |
Biggest calls
| GRATIA CAPITAL, LLC | New | $6.7m150.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $5.4m120.7k shares |
| JANE STREET GROUP, LLC | New | $754.5k17.0k shares |
| CITADEL ADVISORS LLC | Added | $208.6k4.7k shares |
| SIMPLEX TRADING, LLC | New | $8.9k200 shares |
| Walleye Capital LLC | New | $4.4k100 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $497.1k11.2k 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 |
|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 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 | — | 1 | $441.2k | — |
| Q3 2024 | 0 | — | 1 | $1.5m | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 1 | $1.5m | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 1 | $460.0k | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 4 | $789.9k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-18 | SCHMALTZ DANA L Director | Bought | $45.8k1.0k shares |
| 2026-03-05 | FREEDMAN ERNEST MICHAEL Director | Bought | $246.1k5.0k shares |
| 2026-03-03 | Wells Donna Director | Bought | $23.5k500 shares |
| 2026-03-02 | Walker William M Chairman & CEO, director | Bought | $474.6k10.0k 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. 0.00% of their portfolio | 5.1m $227.8m | Added +71.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 2.0m $90.5m | First filing |
| STATE STREET CORP 0.00% of their portfolio | 1.5m $68.7m | Added +50.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.5m $65.6m | First filing |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.4m $60.8m | Added +104.0k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 1.4m $81.6m | Added +136.0k |
| T. Rowe Price Investment Management, Inc. 0.04% of their portfolio | 1.2m $52.4m | Reduced -446.8k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 1.1m $50.2m | Reduced -51.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 824.7k $36.6m | Added +26.1k |
| DEPRINCE RACE & ZOLLO INC 0.61% of their portfolio | 728.5k $32.3m | Reduced -130.6k |
| ROYCE & ASSOCIATES LP 0.27% of their portfolio | 620.9k $27.6m | Added +75.4k |
| Conversant Capital LLC 3.34% of their portfolio | 560.3k $24.9m | Added +138.9k |
| Alyeska Investment Group, L.P. 0.07% of their portfolio | 535.5k $23.8m | Added +245.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 479.4k $21.3m | Reduced -11.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 477.7k $21.2m | Added +205.0k |
| MORGAN STANLEY 0.00% of their portfolio | 431.6k $19.2m | Reduced -44.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 428.7k $19.0m | Added +370.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 360.5k $16.0m | Added +29.9k |
| FMR LLC 0.00% of their portfolio | 341.2k $15.1m | Reduced -39.0k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 313.5k $13.9m | Reduced -189 |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 274.7k $12.2m | Added +41.4k |
| Erste Asset Management GmbH 0.10% of their portfolio | 250.2k $10.9m | Added +50.2k |
| Rockefeller Capital Management L.P. 0.02% of their portfolio | 241.3k $10.7m | Added +26.1k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 239.8k $10.6m | Added +183.3k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 218.6k $9.7m | First filing |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 205.3k $9.1m | Reduced -41.0k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 195.1k $8.7m | Added +13.5k |
| BROWN ADVISORY INC 0.01% of their portfolio | 192.6k $8.5m | Reduced -22.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 186.8k $8.3m | Reduced -162.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 165.5k $7.3m | Added +3.2k |
| NFJ INVESTMENT GROUP, LLC 0.26% of their portfolio | 153.0k $6.8m | Added +24.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 147.4k $6.5m | Added +54.0k |
| Squarepoint Ops LLC 0.01% of their portfolio | 143.2k $6.4m | Added +1.5k |
| Kathmere Capital Management, LLC 0.38% of their portfolio | 138.4k $6.1m | Reduced -40 |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 135.4k $6.0m | Reduced -253.9k |
| CRAWFORD INVESTMENT COUNSEL INC 0.10% of their portfolio | 133.7k $5.9m | Added +31.5k |
| RPg Family Wealth Advisory, LLC 1.19% of their portfolio | 128.0k $5.7m | Added +110.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 127.7k $5.6m | Reduced -147.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 122.0k $5.4m | Added +4.5k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 121.9k $5.4m | Added +1.5k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.04% of their portfolio | 121.6k $5.4m | Added +23.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 116.2k $5.2m | Added +10.5k |
| Verdence Capital Advisors LLC 0.29% of their portfolio | 113.3k $5.0m | Added +80.5k |
| GRATIA CAPITAL, LLC 4.75% of their portfolio | 113.0k $5.0m | New |
| Nuveen, LLC 0.00% of their portfolio | 110.8k $4.9m | Reduced -3.6k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 109.3k $4.9m | New |
| Trexquant Investment LP 0.03% of their portfolio | 102.7k $4.6m | Added +64.0k |
| Invesco Ltd. 0.00% of their portfolio | 100.8k $4.5m | Added +7.0k |
| Man Group plc 0.01% of their portfolio | 99.1k $4.4m | Added +94.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 96.8k $4.3m | Added +1.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 86.3k $3.8m | Added +74.8k |
| Legal & General Group Plc 0.00% of their portfolio | 78.8k $3.5m | Reduced -5.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 73.1k $3.2m | Reduced -30.7k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 72.4k $3.2m | Added +41.1k |
| SG Americas Securities, LLC 0.00% of their portfolio | 72.2k $3.2m | Added +22.6k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 71.7k $3.2m | Added +36.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 70.1k $3.1m | Reduced -15.7k |
| HRT FINANCIAL LP 0.01% of their portfolio | 69.4k $3.1m | Added +61.5k |
| Swiss National Bank 0.00% of their portfolio | 67.2k $3.0m | Unchanged |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 67.1k $3.0m | New |
| New Age Alpha Advisors, LLC 0.14% of their portfolio | 66.3k $2.9m | Reduced -2.5k |
| 1832 Asset Management L.P. 0.00% of their portfolio | 64.6k $2.9m | Added +60.4k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 57.9k $2.6m | Added +53.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 56.6k $2.5m | Reduced -37.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 47.6k $2.1m | Reduced -1.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 41.5k $1.8m | Reduced -54.3k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 41.1k $1.8m | Added +9.2k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 39.3k $1.7m | Reduced -259.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 38.6k $1.7m | Added +5.1k |
| SHUFRO ROSE & CO LLC 0.11% of their portfolio | 36.3k $1.6m | Reduced -2.6k |
| Freestone Grove Partners LP 0.01% of their portfolio | 35.9k $1.6m | Added +30.9k |
| Numerai GP LLC 0.16% of their portfolio | 35.7k $1.6m | New |
| ARGA Investment Management, LP 0.05% of their portfolio | 35.6k $1.6m | Added +17.5k |
| UBS Group AG 0.00% of their portfolio | 35.3k $1.6m | Reduced -8.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 35.0k $1.6m | Reduced -20.8k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 34.8k $1.5m | Added +3.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 33.1k $1.5m | Added +13.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 31.8k $1.4m | First filing |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC 0.01% of their portfolio | 31.7k $1.4m | First filing |
| HighTower Advisors, LLC 0.00% of their portfolio | 31.0k $1.4m | Added +969 |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 30.6k $1.4m | Reduced -95.5k |
| STEINBERG ASSET MANAGEMENT LLC 0.87% of their portfolio | 30.3k $1.3m | New |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 29.5k $1.3m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 29.0k $1.3m | Reduced -3.4k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 28.3k $1.3m | Added +5.2k |
| Walleye Capital LLC 0.01% of their portfolio | 27.8k $1.2m | New |
| XTX Topco Ltd 0.02% of their portfolio | 26.8k $1.2m | Added +16.8k |
| Quantbot Technologies LP 0.05% of their portfolio | 26.7k $1.2m | Added +22.1k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 25.9k $1.1m | First filing |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 23.6k $1.0m | New |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 22.7k $1.0m | Reduced -670 |
| Mariner, LLC 0.00% of their portfolio | 21.6k $959.3k | Added +12.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 21.2k $940.5k | Reduced -32.0k |
| Gumshoe Capital Management LLC 0.76% of their portfolio | 21.1k $937.0k | New |
| CITIGROUP INC 0.00% of their portfolio | 20.5k $909.7k | Reduced -4.1k |
| Cornerstone Investment Partners, LLC 0.04% of their portfolio | 19.1k $849.1k | Added +8.2k |
| Y-Intercept (Hong Kong) Ltd 0.02% of their portfolio | 19.0k $845.0k | Reduced -8.6k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 18.8k $832.3k | Reduced -17.9k |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 18.4k $816.0k | Reduced -397 |
| Brevan Howard Capital Management LP 0.01% of their portfolio | 18.2k $809.2k | Added +5.4k |