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 ($72.0m this quarter). Holder counts are more reliable. Shares outstanding: 597.9m as of 2024-04-26, 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 ≈ $93.41. Options: 27 managers hold calls ($150.6m notional), 21 hold puts ($80.2m).
Trends to Q1 2024
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 |
| Q4 2023 | 935 |
| Q1 2024 | 961 |
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 |
| Q4 2023 | 480 | 305 |
| Q1 2024 | 477 | 377 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $133.9m | $41.8m | 0.31 |
| Q3 2023 | $119.8m | $51.2m | 0.43 |
| Q4 2023 | $168.3m | $78.2m | 0.46 |
| Q1 2024 | $150.6m | $80.2m | 0.53 |
Biggest buyers
| MORGAN STANLEY | Added | +9.0m |
| Capital International Investors | Added | +6.1m |
| JPMORGAN CHASE & CO | Added | +3.8m |
| Zimmer Partners, LP | New | +3.3m |
| VANGUARD GROUP INC | Added | +3.3m |
| MARSHALL WACE, LLP | Added | +1.9m |
| BANK OF AMERICA CORP /DE/ | Added | +1.3m |
| Qube Research & Technologies Ltd | Added | +1.3m |
| BlackRock Inc. | Added | +951.0k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Added | +849.9k |
Biggest sellers
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | Sold out | -2.1m |
| STATE STREET CORP | Reduced | -2.1m |
| COHEN & STEERS, INC. | Reduced | -1.3m |
| BARCLAYS PLC | Reduced | -857.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -841.3k |
| FMR LLC | Reduced | -605.9k |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -553.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -475.4k |
| AXA S.A. | Reduced | -467.3k |
| CITADEL ADVISORS LLC | Reduced | -421.9k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $32.5m347.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $23.7m253.6k shares |
| Twin Tree Management, LP | Reduced | $14.6m156.2k shares |
| BANK OF AMERICA CORP /DE/ | Added | $13.2m141.3k shares |
| SIMPLEX TRADING, LLC | Added | $9.3m100.0k shares |
| JANE STREET GROUP, LLC | Added | $9.1m97.7k shares |
| Parallax Volatility Advisers, L.P. | New | $8.7m93.6k shares |
| TORNO CAPITAL, LLC | New | $7.3m77.6k shares |
| IMC-Chicago, LLC | Added | $7.2m76.9k shares |
| Walleye Trading LLC | Added | $5.6m59.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $24.4m261.5k shares |
| CITADEL ADVISORS LLC | Added | $20.3m217.1k shares |
| IMC-Chicago, LLC | Added | $6.9m73.5k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $5.1m54.9k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $4.5m47.9k shares |
| BANK OF AMERICA CORP /DE/ | Added | $3.8m40.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.8m30.3k shares |
| GARDA CAPITAL PARTNERS LP | Added | $2.7m28.5k shares |
| TWO SIGMA SECURITIES, LLC | Added | $2.2m24.0k shares |
| Verition Fund Management LLC | New | $1.8m19.5k 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 Q1 2024
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 Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.17% of their portfolio | 89.2m $8.3bn | Added +3.3m |
| BlackRock Inc. 0.13% of their portfolio | 59.1m $5.5bn | Added +951.0k |
| COHEN & STEERS, INC. 7.73% of their portfolio | 39.5m $3.7bn | Reduced -1.3m |
| STATE STREET CORP 0.14% of their portfolio | 33.5m $3.1bn | Reduced -2.1m |
| Capital International Investors 0.55% of their portfolio | 29.2m $2.7bn | Added +6.1m |
| NORGES BANK 0.40% of their portfolio | 27.2m $2.5bn | Added +5.5k |
| MORGAN STANLEY 0.06% of their portfolio | 22.2m $2.1bn | Added +9.0m |
| WELLINGTON MANAGEMENT GROUP LLP 0.28% of their portfolio | 16.6m $1.6bn | Added +398.3k |
| BANK OF AMERICA CORP /DE/ 0.15% of their portfolio | 16.2m $1.5bn | Added +1.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.12% of their portfolio | 13.8m $1.3bn | Added +590.3k |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 13.0m $1.2bn | Added +3.8m |
| PRINCIPAL FINANCIAL GROUP INC 0.68% of their portfolio | 12.5m $1.2bn | Reduced -553.9k |
| FMR LLC 0.07% of their portfolio | 11.5m $1.1bn | Reduced -605.9k |
| Daiwa Securities Group Inc. 4.19% of their portfolio | 7.9m $741.7m | Reduced -48.6k |
| DIMENSIONAL FUND ADVISORS LP 0.20% of their portfolio | 7.8m $724.3m | Added +161.1k |
| Legal & General Group Plc 0.20% of their portfolio | 7.5m $699.5m | Added +181.9k |
| Invesco Ltd. 0.15% of their portfolio | 7.2m $677.0m | Reduced -387.4k |
| Resolution Capital Ltd 11.46% of their portfolio | 6.9m $640.7m | Added +838.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.08% of their portfolio | 6.7m $626.0m | Reduced -475.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.13% of their portfolio | 6.0m $561.4m | Added +141.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.19% of their portfolio | 5.9m $548.3m | Added +191.3k |
| NORTHERN TRUST CORP 0.09% of their portfolio | 5.4m $507.3m | Reduced -60.1k |
| DEUTSCHE BANK AG\ 0.24% of their portfolio | 5.4m $506.7m | Added +145.5k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 5.86% of their portfolio | 5.3m $507.8m | Added +849.9k |
| Nuveen Asset Management, LLC 0.13% of their portfolio | 4.7m $436.9m | Added +147.8k |
| Russell Investments Group, Ltd. 0.65% of their portfolio | 4.4m $414.2m | Added +489.5k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 3.9m $363.2m | Reduced -103.5k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 3.5m $323.3m | Reduced -841.3k |
| Zimmer Partners, LP 6.74% of their portfolio | 3.3m $309.9m | New |
| Amundi 0.13% of their portfolio | 3.2m $293.0m | Added +590.2k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 4.89% of their portfolio | 2.8m $264.3m | Reduced -56.1k |
| PRUDENTIAL FINANCIAL INC 0.37% of their portfolio | 2.8m $261.3m | Added +62.1k |
| SEI INVESTMENTS CO 0.36% of their portfolio | 2.6m $244.2m | Added +316.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.16% of their portfolio | 2.5m $231.5m | Added +30.7k |
| PGGM Investments 3.28% of their portfolio | 2.4m $226.0m | Reduced -49.1k |
| MARSHALL WACE, LLP 0.34% of their portfolio | 2.2m $202.7m | Added +1.9m |
| MACQUARIE GROUP LTD 0.22% of their portfolio | 2.1m $194.3m | Added +151.4k |
| AMERIPRISE FINANCIAL INC 0.05% of their portfolio | 2.1m $189.5m | Added +21.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.18% of their portfolio | 2.0m $183.8m | Added +140.0k |
| HSBC HOLDINGS PLC 0.12% of their portfolio | 1.8m $168.1m | Added +381.1k |
| Qube Research & Technologies Ltd 0.29% of their portfolio | 1.7m $161.8m | Added +1.3m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.17% of their portfolio | 1.7m $158.4m | Added +127.4k |
| Swiss National Bank 0.11% of their portfolio | 1.7m $154.9m | Added +35.5k |
| UBS Group AG 0.05% of their portfolio | 1.5m $141.3m | Added +439.4k |
| JANUS HENDERSON GROUP PLC 0.07% of their portfolio | 1.4m $131.6m | Reduced -133.9k |
| Heitman Real Estate Securities LLC 7.45% of their portfolio | 1.4m $130.9m | Added +324.5k |
| Adelante Capital Management LLC 8.09% of their portfolio | 1.3m $122.8m | Added +17.2k |
| Boston Partners 0.15% of their portfolio | 1.3m $122.8m | Reduced -357.8k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 1.3m $121.9m | Added +226 |
| AEW CAPITAL MANAGEMENT L P 5.88% of their portfolio | 1.3m $120.6m | Added +115.3k |
| BARCLAYS PLC 0.05% of their portfolio | 1.3m $119.3m | Reduced -857.4k |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 1.3m $119.2m | Added +225.6k |
| Aberdeen Group plc 0.23% of their portfolio | 1.3m $117.4m | Added +79.6k |
| APG Asset Management US Inc. 0.61% of their portfolio | 1.2m $106.1m | Added +186.0k |
| Pictet Asset Management Holding SA 0.12% of their portfolio | 1.1m $106.4m | Added +89.9k |
| RHUMBLINE ADVISERS 0.10% of their portfolio | 1.1m $104.6m | Added +34.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.12% of their portfolio | 1.1m $104.1m | Added +523.7k |
| CREDIT SUISSE AG/ 0.10% of their portfolio | 1.1m $103.0m | Added +35.9k |
| Asset Management One Co., Ltd. 0.40% of their portfolio | 1.1m $103.0m | Added +17.3k |
| National Pension Service 0.12% of their portfolio | 1.1m $102.8m | Added +52.1k |
| CANADA LIFE ASSURANCE Co 0.20% of their portfolio | 1.1m $99.5m | Added +103.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.12% of their portfolio | 1.1m $99.4m | Added +34.2k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.38% of their portfolio | 1.0m $96.3m | Added +10.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.12% of their portfolio | 1.0m $95.7m | Added +484.9k |
| D. E. Shaw & Co., Inc. 0.12% of their portfolio | 996.5k $93.1m | Added +416.4k |
| STRS OHIO 0.37% of their portfolio | 986.0k $92.1m | Added +463.1k |
| California Public Employees Retirement System 0.06% of their portfolio | 981.6k $91.7m | Added +4.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.13% of their portfolio | 980.1k $91.6m | Added +115.4k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 963.4k $90.0m | Added +61.2k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 932.7k $87.2m | Added +715.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.10% of their portfolio | 858.3k $80.2m | Added +45.3k |
| Allianz Asset Management GmbH 0.13% of their portfolio | 845.6k $79.0m | Added +478.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.15% of their portfolio | 822.9k $76.9m | Added +240.3k |
| NOMURA ASSET MANAGEMENT CO LTD 0.27% of their portfolio | 808.5k $75.5m | Added +37.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.19% of their portfolio | 783.2k $73.2m | Reduced -99.1k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 723.8k $67.6m | Reduced -39.7k |
| Swedbank AB 0.09% of their portfolio | 716.0k $66.9m | Added +522 |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 2.72% of their portfolio | 706.4k $66.0m | Added +2.1k |
| BAMCO INC /NY/ 0.17% of their portfolio | 675.4k $63.1m | Reduced -9.2k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 672.2k $62.8m | Added +87.1k |
| State of New Jersey Common Pension Fund D 0.19% of their portfolio | 668.0k $62.4m | Added +18.5k |
| NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio | 641.5k $59.9m | Reduced -88.6k |
| CITIGROUP INC 0.06% of their portfolio | 583.5k $54.5m | Added +134.1k |
| Border to Coast Pensions Partnership Ltd 1.15% of their portfolio | 551.6k $51.5m | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.09% of their portfolio | 528.7k $37.9m | Reduced -17.9k |
| Korea Investment CORP 0.12% of their portfolio | 493.0k $46.1m | Reduced -41.4k |
| AXA S.A. 0.14% of their portfolio | 484.9k $45.3m | Reduced -467.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 482.4k $45.1m | Added +43.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 457.1k $42.7m | Reduced -11.5k |
| Uniplan Investment Counsel, Inc. 3.33% of their portfolio | 454.0k $42.4m | Reduced -16.6k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 451.6k $42.2m | Reduced -421.9k |
| CORDA Investment Management, LLC. 3.27% of their portfolio | 440.4k $41.2m | Reduced -24.4k |
| RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio | 438.7k $41.0m | Added +105.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 427.3k $39.9m | Reduced -70.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 419.7k $39.2m | Added +354.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.09% of their portfolio | 411.3k $38.2m | Reduced -121.2k |
| Retirement Systems of Alabama 0.15% of their portfolio | 409.8k $38.3m | Added +180 |
| Robeco Institutional Asset Management B.V. 0.08% of their portfolio | 394.6k $36.9m | Added +28.1k |
| Brookfield Corp /ON/ 0.21% of their portfolio | 387.8k $36.2m | Added +157.5k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 385.0k $36.0m | Added +60.9k |