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 ($565.2k this quarter). Holder counts are more reliable. Shares outstanding: 34.3m as of 2026-07-31, 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 ≈ $54.19. Options: 6 managers hold calls ($13.3m notional), 3 hold puts ($836.9k).
Trends to Q2 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 |
| Q2 2026 | 267 |
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 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 |
| Q2 2026 | 156 | 97 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $6.8m | $3.5m | 0.52 |
| Q4 2025 | $2.2m | $2.1m | 0.94 |
| Q1 2026 | $13.0m | $497.1k | 0.04 |
| Q2 2026 | $13.3m | $836.9k | 0.06 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +480.4k |
| AQR CAPITAL MANAGEMENT LLC | Added | +431.5k |
| MetLife Investment Management, LLC | Added | +348.1k |
| Balyasny Asset Management L.P. | Added | +262.7k |
| GOLDMAN SACHS GROUP INC | Added | +260.0k |
| Erste Asset Management GmbH | Added | +199.8k |
| BlackRock, Inc. | Added | +161.3k |
| MORGAN STANLEY | Added | +109.8k |
| Invenomic Capital Management LP | New | +106.9k |
| AMERIPRISE FINANCIAL INC | Added | +102.9k |
Biggest sellers
| Conversant Capital LLC | Sold out | -560.3k |
| FMR LLC | Reduced | -334.2k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -299.9k |
| JANE STREET GROUP, LLC | Sold out | -195.1k |
| Qube Research & Technologies Ltd | Reduced | -165.9k |
| NFJ INVESTMENT GROUP, LLC | Sold out | -153.0k |
| Squarepoint Ops LLC | Sold out | -143.2k |
| CITADEL ADVISORS LLC | Reduced | -139.7k |
| BANK OF AMERICA CORP /DE/ | Reduced | -104.1k |
| GRATIA CAPITAL, LLC | Reduced | -96.4k |
Biggest calls
| GRATIA CAPITAL, LLC | Reduced | $6.4m116.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.0m91.8k shares |
| JANE STREET GROUP, LLC | Added | $1.0m18.9k shares |
| D. E. Shaw & Co., Inc. | New | $678.3k12.4k shares |
| CITADEL ADVISORS LLC | Reduced | $202.4k3.7k shares |
| SIMPLEX TRADING, LLC | Unchanged | $10.9k200 shares |
Biggest puts
| JANE STREET GROUP, LLC | New | $519.6k9.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $257.1k4.7k shares |
| SIMPLEX TRADING, LLC | New | $60.2k1.1k 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 5.3m $289.6m | Added +161.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 2.1m $113.9m | Added +42.1k |
| STATE STREET CORP 0.00% of their portfolio | 1.6m $88.7m | Added +75.1k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.5m $81.7m | Added +16.1k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.5m $79.8m | Added +89.4k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 1.3m $58.2m | Reduced -45.7k |
| T. Rowe Price Investment Management, Inc. 0.05% of their portfolio | 1.3m $70.0m | Added +98.5k |
| Jupiter Topco LLC 0.03% of their portfolio | 1.2m $63.4m | First filing |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 872.3k $47.7m | Added +47.7k |
| DEPRINCE RACE & ZOLLO INC 0.65% of their portfolio | 705.7k $38.6m | Reduced -22.8k |
| ROYCE & ASSOCIATES LP 0.30% of their portfolio | 676.5k $37.0m | Added +55.6k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 671.3k $36.7m | Added +431.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 608.1k $32.8m | Added +480.4k |
| Alyeska Investment Group, L.P. 0.08% of their portfolio | 555.4k $30.4m | Added +20.0k |
| MORGAN STANLEY 0.00% of their portfolio | 541.4k $29.6m | Added +109.8k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 531.7k $29.1m | Added +102.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 481.3k $26.3m | Added +1.9k |
| Erste Asset Management GmbH 0.19% of their portfolio | 450.0k $24.2m | Added +199.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 395.3k $21.6m | Added +260.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 394.4k $21.6m | Added +33.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 373.6k $20.4m | Reduced -104.1k |
| MetLife Investment Management, LLC 0.09% of their portfolio | 366.3k $20.0m | Added +348.1k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 329.8k $18.0m | Added +262.7k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 261.0k $14.3m | Added +55.6k |
| Rockefeller Capital Management L.P. 0.02% of their portfolio | 239.1k $13.1m | Reduced -2.2k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 225.7k $12.3m | Added +7.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 191.1k $10.5m | Added +4.3k |
| RPg Family Wealth Advisory, LLC 0.94% of their portfolio | 186.0k $10.2m | Added +58.0k |
| BROWN ADVISORY INC 0.01% of their portfolio | 168.2k $9.2m | Reduced -24.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 165.9k $9.1m | Added +386 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 156.0k $8.5m | Added +33.9k |
| CRAWFORD INVESTMENT COUNSEL INC 0.13% of their portfolio | 143.1k $7.8m | Added +9.4k |
| Verdence Capital Advisors LLC 0.40% of their portfolio | 138.6k $7.6m | Added +25.3k |
| Kathmere Capital Management, LLC 0.40% of their portfolio | 138.4k $7.6m | Unchanged |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 133.0k $7.3m | Added +23.7k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.05% of their portfolio | 121.6k $6.7m | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 120.9k $6.6m | Added +10.0k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 120.4k $6.6m | Reduced -1.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 115.7k $6.3m | Reduced -503 |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 112.4k $6.1m | Added +40.0k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 108.9k $6.0m | Reduced -165.9k |
| Invenomic Capital Management LP 0.35% of their portfolio | 106.9k $5.8m | New |
| Invesco Ltd. 0.00% of their portfolio | 105.9k $5.8m | Added +5.2k |
| HRT FINANCIAL LP 0.01% of their portfolio | 98.5k $5.4m | Added +29.1k |
| Man Group plc 0.01% of their portfolio | 93.2k $5.1m | Reduced -5.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 88.8k $4.9m | Reduced -8.0k |
| Trexquant Investment LP 0.03% of their portfolio | 85.1k $4.7m | Reduced -17.7k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 81.4k $4.5m | Added +11.2k |
| Legal & General Group Plc 0.00% of their portfolio | 78.9k $4.3m | Added +108 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 77.5k $4.2m | Reduced -8.8k |
| XTX Topco Ltd 0.05% of their portfolio | 75.5k $4.1m | Added +48.7k |
| ALGERT GLOBAL LLC 0.04% of their portfolio | 68.8k $3.8m | New |
| Swiss National Bank 0.00% of their portfolio | 66.8k $3.7m | Reduced -400 |
| MARSHALL WACE, LLP 0.00% of their portfolio | 66.2k $3.6m | Reduced -5.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 66.0k $3.6m | Reduced -7.0k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 57.9k $2.6m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 53.1k $2.9m | Reduced -3.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 48.6k $2.7m | Added +1.1k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 48.3k $2.6m | Added +24.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 46.9k $2.6m | Added +8.3k |
| Resolute Capital Asset Partners LLC 1.05% of their portfolio | 45.0k $2.5m | New |
| Mariner, LLC 0.00% of their portfolio | 42.3k $2.3m | Added +20.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 41.9k $2.3m | Added +20.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 40.9k $2.2m | Reduced -626 |
| PDT Partners, LLC 0.11% of their portfolio | 39.9k $2.2m | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 38.7k $2.1m | Reduced -2.4k |
| CITIGROUP INC 0.00% of their portfolio | 38.5k $2.1m | Added +18.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 38.4k $2.1m | Added +9.4k |
| SHUFRO ROSE & CO LLC 0.12% of their portfolio | 38.3k $2.1m | Added +1.9k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 36.3k $2.0m | Added +8.1k |
| ARGA Investment Management, LP 0.05% of their portfolio | 35.6k $1.9m | Unchanged |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 35.4k $1.9m | Added +550 |
| UBS Group AG 0.00% of their portfolio | 33.8k $1.9m | Reduced -1.5k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 31.8k $1.7m | Unchanged |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC 0.01% of their portfolio | 31.7k $1.7m | Unchanged |
| Creative Planning 0.00% of their portfolio | 31.2k $1.7m | Added +14.2k |
| STEINBERG ASSET MANAGEMENT LLC 1.03% of their portfolio | 30.3k $1.7m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 30.1k $1.6m | Reduced -3.0k |
| HighTower Advisors, LLC 0.00% of their portfolio | 30.1k $1.6m | Reduced -899 |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 29.1k $1.6m | New |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 28.3k $1.5m | Reduced -1.2k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 26.8k $1.5m | Reduced -12.5k |
| Freestone Grove Partners LP 0.01% of their portfolio | 26.7k $1.5m | Reduced -9.1k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 23.4k $1.3m | Added +14.7k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 22.7k $1.2m | Added +13.7k |
| VARCOV Co. 0.47% of their portfolio | 22.6k $1.2m | New |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 22.5k $1.2m | Reduced -193 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 22.4k $1.2m | Reduced -12.6k |
| Quantinno Capital Management LP 0.00% of their portfolio | 21.1k $1.2m | Added +10.5k |
| EAGLE ROCK INVESTMENT COMPANY, LLC 0.14% of their portfolio | 20.2k $1.1m | New |
| Cornerstone Investment Partners, LLC 0.04% of their portfolio | 19.8k $1.1m | Added +619 |
| GSA CAPITAL PARTNERS LLP 0.07% of their portfolio | 19.2k $1.1m | Added +1.0k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 18.8k $1.0m | Added +76 |
| Cerity Partners LLC 0.00% of their portfolio | 18.3k $1.0m | New |
| Illinois Municipal Retirement Fund 0.01% of their portfolio | 17.8k $972.6k | Added +741 |
| Walleye Capital LLC 0.00% of their portfolio | 17.6k $962.0k | Reduced -10.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 16.8k $916.4k | Added +1.5k |
| GRATIA CAPITAL, LLC 1.04% of their portfolio | 16.6k $909.1k | Reduced -96.4k |
| Holocene Advisors, LP 0.00% of their portfolio | 16.3k $889.7k | Added +2.0k |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 16.0k $873.9k | Reduced -687 |