WELLTOWER INC WELL
COM · REIT · CUSIP 95040Q104 · ISIN US95040Q1040
Real estate investment trust
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersToledo, OH
- Founded1970
- Websitewelltower.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 ($80.8m this quarter). Holder counts are more reliable. Shares outstanding: 536.0m as of 2023-10-27, 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 ≈ $81.92. Options: 27 managers hold calls ($119.8m notional), 23 hold puts ($51.2m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 784 |
| Q4 2022 | 797 |
| Q1 2023 | 774 |
| Q2 2023 | 813 |
| Q3 2023 | 828 |
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 | 357 | 333 |
| Q1 2023 | 341 | 333 |
| Q2 2023 | 371 | 293 |
| Q3 2023 | 386 | 305 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $72.1m | $190.6m | 2.64 |
| Q1 2023 | $90.7m | $54.7m | 0.60 |
| Q2 2023 | $133.9m | $41.8m | 0.31 |
| Q3 2023 | $119.8m | $51.2m | 0.43 |
Biggest buyers
| NORGES BANK | Added | +9.6m |
| COHEN & STEERS, INC. | Added | +2.8m |
| PRINCIPAL FINANCIAL GROUP INC | Added | +2.6m |
| VANGUARD GROUP INC | Added | +2.2m |
| Invesco Ltd. | Added | +1.6m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +1.2m |
| BANK OF AMERICA CORP /DE/ | Added | +963.9k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Added | +657.4k |
| Nuveen Asset Management, LLC | Added | +643.0k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +599.5k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -2.0m |
| DEUTSCHE BANK AG\ | Reduced | -1.5m |
| BlackRock Inc. | Reduced | -783.8k |
| Nuveen Asset Management, LLC | Sold out | -733.1k |
| Zimmer Partners, LP | Sold out | -500.0k |
| Hazelview Securities Inc. | Reduced | -481.4k |
| UBS Group AG | Reduced | -434.2k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | Reduced | -403.1k |
| Sumitomo Mitsui Trust Group, Inc. | Reduced | -301.4k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -296.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $31.9m389.7k shares |
| CITADEL ADVISORS LLC | Added | $27.0m329.2k shares |
| WOLVERINE TRADING, LLC | Added | $13.1m159.8k shares |
| Twin Tree Management, LP | Reduced | $12.9m157.0k shares |
| D. E. Shaw & Co., Inc. | Added | $6.6m80.8k shares |
| SIMPLEX TRADING, LLC | Added | $6.4m78.3k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $4.7m57.3k shares |
| JANE STREET GROUP, LLC | Reduced | $2.3m27.9k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $1.9m22.9k shares |
| GROUP ONE TRADING LLC | Added | $1.8m21.7k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $10.4m126.5k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $6.8m83.6k shares |
| Walleye Capital LLC | Added | $4.3m53.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $4.1m50.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.8m46.1k shares |
| Walleye Trading LLC | Added | $2.5m30.6k shares |
| GTS SECURITIES LLC | New | $2.4m29.2k shares |
| Allianz Asset Management GmbH | Added | $2.4m29.0k shares |
| HBK INVESTMENTS L P | Not comparable | $1.7m21.2k shares |
| BANK OF AMERICA CORP /DE/ | Unchanged | $1.7m21.0k 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-24 | 9.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.0% |
Fell to 5% or below in the last year: COHEN & STEERS, INC. (4.9%, 2026-08-07), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q3 2023
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.
None reported in Q3 2023.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.16% of their portfolio | 80.8m $6.6bn | Added +2.2m |
| BlackRock Inc. 0.12% of their portfolio | 52.6m $4.3bn | Reduced -783.8k |
| COHEN & STEERS, INC. 7.68% of their portfolio | 40.8m $3.3bn | Added +2.8m |
| STATE STREET CORP 0.15% of their portfolio | 32.5m $2.7bn | Added +289.4k |
| NORGES BANK 0.45% of their portfolio | 27.2m $2.2bn | Added +9.6m |
| WELLINGTON MANAGEMENT GROUP LLP 0.44% of their portfolio | 26.8m $2.2bn | Reduced -283.8k |
| Capital International Investors 0.45% of their portfolio | 21.8m $1.8bn | Added +387.7k |
| FMR LLC 0.10% of their portfolio | 14.3m $1.2bn | Reduced -189.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.76% of their portfolio | 12.9m $1.1bn | Added +2.6m |
| GEODE CAPITAL MANAGEMENT, LLC 0.12% of their portfolio | 12.1m $990.7m | Added +599.5k |
| Invesco Ltd. 0.19% of their portfolio | 8.5m $695.2m | Added +1.6m |
| Daiwa Securities Group Inc. 4.60% of their portfolio | 7.9m $646.1m | Reduced -129.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.09% of their portfolio | 7.3m $596.6m | Added +1.2m |
| DIMENSIONAL FUND ADVISORS LP 0.19% of their portfolio | 7.2m $593.9m | Added +272.0k |
| Legal & General Group Plc 0.19% of their portfolio | 6.6m $542.9m | Added +48.1k |
| NORTHERN TRUST CORP 0.10% of their portfolio | 6.6m $541.7m | Added +118.7k |
| MORGAN STANLEY 0.05% of their portfolio | 6.6m $539.6m | Added +208.7k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 5.6m $455.4m | Reduced -2.0m |
| Resolution Capital Ltd 8.90% of their portfolio | 5.5m $449.1m | Added +49.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.13% of their portfolio | 5.4m $441.4m | Added +270.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.18% of their portfolio | 5.0m $407.8m | Added +443.8k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 4.63% of their portfolio | 4.5m $367.3m | Reduced -162.2k |
| DEUTSCHE BANK AG\ 0.23% of their portfolio | 4.3m $349.1m | Reduced -1.5m |
| Nuveen Asset Management, LLC 0.12% of their portfolio | 4.1m $334.7m | Added +643.0k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 4.0m $325.5m | Reduced -69.3k |
| Russell Investments Group, Ltd. 0.56% of their portfolio | 3.4m $280.7m | Reduced -11.5k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 5.21% of their portfolio | 3.2m $259.2m | Added +657.4k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 3.1m $257.7m | Added +963.9k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 3.0m $244.5m | Added +277.9k |
| PRUDENTIAL FINANCIAL INC 0.37% of their portfolio | 2.9m $237.8m | Reduced -100.4k |
| Amundi 0.11% of their portfolio | 2.6m $223.7m | Reduced -12.0k |
| Boston Partners 0.29% of their portfolio | 2.6m $211.3m | Added +3.1k |
| PGGM Investments 3.34% of their portfolio | 2.4m $193.4m | Added +69.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.16% of their portfolio | 2.3m $190.0m | Reduced -301.4k |
| AMERIPRISE FINANCIAL INC 0.06% of their portfolio | 2.3m $187.2m | Reduced -163.6k |
| SEI INVESTMENTS CO 0.29% of their portfolio | 2.0m $163.0m | Added +234.0k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 2.14% of their portfolio | 2.0m $162.3m | Added +64.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.17% of their portfolio | 1.8m $151.4m | Reduced -54.1k |
| MACQUARIE GROUP LTD 0.17% of their portfolio | 1.7m $138.1m | Reduced -19.8k |
| Swiss National Bank 0.10% of their portfolio | 1.6m $131.0m | Reduced -193.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.16% of their portfolio | 1.4m $112.7m | Added +3.4k |
| BARCLAYS PLC 0.07% of their portfolio | 1.4m $112.0m | Added +526.4k |
| HSBC HOLDINGS PLC 0.12% of their portfolio | 1.3m $104.8m | Reduced -10.0k |
| Heitman Real Estate Securities LLC 6.20% of their portfolio | 1.3m $103.1m | Reduced -103.5k |
| JANUS HENDERSON GROUP PLC 0.07% of their portfolio | 1.3m $103.0m | Reduced -288.0k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 1.2m $99.4m | Added +63.7k |
| Adelante Capital Management LLC 7.98% of their portfolio | 1.2m $98.6m | Added +49.1k |
| Aberdeen Group plc 0.24% of their portfolio | 1.1m $93.5m | Added +103.8k |
| CREDIT SUISSE AG/ 0.09% of their portfolio | 1.1m $88.2m | Added +3.7k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.27% of their portfolio | 1.1m $87.5m | Added +234.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.13% of their portfolio | 1.0m $85.9m | Added +8.1k |
| Asset Management One Co., Ltd. 0.37% of their portfolio | 1.0m $84.2m | Reduced -6.1k |
| RHUMBLINE ADVISERS 0.10% of their portfolio | 1.0m $83.8m | Added +18.7k |
| National Pension Service 0.13% of their portfolio | 1.0m $82.4m | Added +39.5k |
| Pictet Asset Management Holding SA 0.10% of their portfolio | 1.0m $82.9m | First filing |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 947.9k $77.6m | Added +128.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.35% of their portfolio | 946.8k $77.6m | Added +61.6k |
| California Public Employees Retirement System 0.07% of their portfolio | 924.7k $75.8m | Added +15.5k |
| APG Asset Management US Inc. 0.65% of their portfolio | 907.7k $74.4m | Added +129.9k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 906.7k $74.3m | Reduced -169.4k |
| CANADA LIFE ASSURANCE Co 0.16% of their portfolio | 832.9k $68.3m | Added +70.1k |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 828.8k $67.9m | Reduced -20.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.13% of their portfolio | 782.6k $64.1m | Added +73.7k |
| AEW CAPITAL MANAGEMENT L P 2.65% of their portfolio | 773.1k $63.3m | Added +12.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.10% of their portfolio | 766.2k $62.8m | Reduced -38.9k |
| Mitsubishi UFJ Trust & Banking Corp 0.15% of their portfolio | 733.9k $60.1m | Added +271 |
| Swedbank AB 0.11% of their portfolio | 709.9k $58.2m | Added +12.1k |
| NOMURA ASSET MANAGEMENT CO LTD 0.27% of their portfolio | 708.9k $58.1m | Added +39.2k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 2.56% of their portfolio | 699.6k $57.3m | Reduced -403.1k |
| FIL Ltd 0.06% of their portfolio | 657.8k $53.9m | Reduced -198.7k |
| Border to Coast Pensions Partnership Ltd 1.39% of their portfolio | 651.6k $52.4m | Reduced -20.0k |
| State of New Jersey Common Pension Fund D 0.19% of their portfolio | 637.6k $52.2m | Reduced -1.3k |
| BAMCO INC /NY/ 0.15% of their portfolio | 634.1k $51.9m | Added +82.2k |
| TORONTO DOMINION BANK 0.04% of their portfolio | 625.8k $51.3m | Added +468 |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 603.8k $49.5m | Reduced -256.3k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 583.5k $47.8m | Added +462.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.20% of their portfolio | 566.3k $46.4m | Added +506.1k |
| Epoch Investment Partners, Inc. 0.29% of their portfolio | 557.2k $45.6m | Reduced -128.2k |
| Korea Investment CORP 0.13% of their portfolio | 542.5k $44.4m | Added +122.7k |
| STRS OHIO 0.19% of their portfolio | 529.6k $43.4m | Reduced -36.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.10% of their portfolio | 524.8k $43.0m | Reduced -1.4k |
| CORDA Investment Management, LLC. 3.76% of their portfolio | 506.1k $41.5m | Reduced -26.7k |
| AXA S.A. 0.14% of their portfolio | 496.1k $40.6m | Added +18.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.09% of their portfolio | 485.7k $39.8m | Added +40.5k |
| CITIGROUP INC 0.06% of their portfolio | 471.5k $38.6m | Added +17.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 467.0k $38.3m | Added +513 |
| Waterfront Capital Partners, LLC 3.79% of their portfolio | 457.2k $37.5m | Reduced -202.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 450.5k $36.9m | Added +65.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 447.3k $36.6m | Added +96.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 440.4k $36.1m | Reduced -79.5k |
| UBS Group AG 0.02% of their portfolio | 432.9k $35.5m | Reduced -434.2k |
| Uniplan Investment Counsel, Inc. 2.63% of their portfolio | 427.0k $34.4m | Added +17.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio | 418.6k $34.3m | Reduced -42.5k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 405.2k $34.2m | Added +45.4k |
| Retirement Systems of Alabama 0.15% of their portfolio | 404.9k $33.2m | Added +8.9k |
| AVIVA PLC 0.14% of their portfolio | 393.1k $32.2m | Reduced -66.5k |
| DekaBank Deutsche Girozentrale 0.07% of their portfolio | 366.8k $29.6m | Added +15.1k |
| BOWEN HANES & CO INC 0.97% of their portfolio | 350.9k $28.7m | Unchanged |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 339.0k $27.8m | Reduced -14.9k |
| Presima Securities ULC 6.94% of their portfolio | 326.8k $26.8m | Added +63.0k |