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 ($155.6m this quarter). Holder counts are more reliable. Shares outstanding: 622.7m as of 2024-10-25, 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 ≈ $127.95. Options: 25 managers hold calls ($176.4m notional), 23 hold puts ($290.6m).
Trends to Q3 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 |
| Q2 2024 | 1,001 |
| Q3 2024 | 1,063 |
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 |
| Q2 2024 | 549 | 355 |
| Q3 2024 | 528 | 417 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $168.3m | $78.2m | 0.46 |
| Q1 2024 | $150.6m | $80.2m | 0.53 |
| Q2 2024 | $129.8m | $171.8m | 1.32 |
| Q3 2024 | $176.4m | $290.6m | 1.65 |
Biggest buyers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +6.0m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +4.0m |
| FMR LLC | Added | +4.0m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.8m |
| CITADEL ADVISORS LLC | Added | +1.5m |
| VANGUARD GROUP INC | Added | +1.3m |
| Capital International Investors | Added | +832.5k |
| HSBC HOLDINGS PLC | Added | +698.9k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +651.0k |
| Squarepoint Ops LLC | Added | +644.2k |
Biggest sellers
| NORGES BANK | Reduced | -1.4m |
| Qube Research & Technologies Ltd | Reduced | -1.3m |
| COHEN & STEERS, INC. | Reduced | -890.4k |
| CITIGROUP INC | Reduced | -854.7k |
| BANK OF AMERICA CORP /DE/ | Reduced | -795.8k |
| DEUTSCHE BANK AG\ | Reduced | -765.4k |
| Resolution Capital Ltd | Reduced | -716.7k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -681.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -525.5k |
| Daiwa Securities Group Inc. | Reduced | -519.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $49.0m382.5k shares |
| CITADEL ADVISORS LLC | Added | $27.7m216.4k shares |
| SIMPLEX TRADING, LLC | Added | $19.8m154.6k shares |
| PEAK6 Investments LLC | Added | $10.9m85.4k shares |
| IMC-Chicago, LLC | Added | $10.1m79.1k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $10.0m78.3k shares |
| Corient Private Wealth LP | New | $9.7m75.4k shares |
| Walleye Trading LLC | Reduced | $7.5m58.7k shares |
| TUDOR INVESTMENT CORP ET AL | New | $6.1m47.3k shares |
| WOLVERINE TRADING, LLC | Added | $5.6m44.0k shares |
Biggest puts
| Flat Footed LLC | Added | $158.7m1.2m shares |
| CITADEL ADVISORS LLC | Reduced | $28.5m222.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $21.9m170.7k shares |
| Walleye Trading LLC | Added | $11.7m91.2k shares |
| GTS SECURITIES LLC | New | $8.9m69.2k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $8.5m66.6k shares |
| IMC-Chicago, LLC | Added | $8.4m65.7k shares |
| Kite Lake Capital Management (UK) LLP | Not comparable | $8.3m65.0k shares |
| GROUP ONE TRADING LLC | Added | $6.9m54.1k shares |
| WOLVERINE TRADING, LLC | Added | $5.6m43.8k 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 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.
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 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 2 | $792.8k | — |
| Q3 2024 | 0 | — | 0 | — | — |
None reported in Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.22% of their portfolio | 95.7m $12.3bn | Added +1.3m |
| BlackRock, Inc. 0.17% of their portfolio | 61.5m $7.9bn | First filing |
| COHEN & STEERS, INC. 8.66% of their portfolio | 38.0m $4.9bn | Reduced -890.4k |
| Capital International Investors 0.90% of their portfolio | 36.8m $4.7bn | Added +832.5k |
| STATE STREET CORP 0.19% of their portfolio | 35.6m $4.6bn | Added +16.7k |
| NORGES BANK 0.56% of their portfolio | 31.5m $4.0bn | Reduced -1.4m |
| JPMORGAN CHASE & CO 0.13% of their portfolio | 25.2m $3.2bn | Reduced -461.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.42% of their portfolio | 18.7m $2.4bn | Added +1.8m |
| BANK OF AMERICA CORP /DE/ 0.19% of their portfolio | 17.1m $2.2bn | Reduced -795.8k |
| FMR LLC 0.11% of their portfolio | 14.4m $1.8bn | Added +4.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.13% of their portfolio | 12.9m $1.6bn | Reduced -176.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.85% of their portfolio | 12.2m $1.6bn | Reduced -264.4k |
| DIMENSIONAL FUND ADVISORS LP 0.24% of their portfolio | 7.8m $993.3m | Reduced -56.3k |
| Invesco Ltd. 0.18% of their portfolio | 7.4m $949.8m | Added +542.5k |
| MORGAN STANLEY 0.07% of their portfolio | 7.2m $920.6m | Reduced -175.4k |
| Legal & General Group Plc 0.24% of their portfolio | 7.1m $912.5m | Reduced -203.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.23% of their portfolio | 6.9m $886.0m | Added +6.0m |
| Daiwa Securities Group Inc. 3.96% of their portfolio | 6.7m $857.7m | Reduced -519.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.09% of their portfolio | 6.4m $813.2m | Reduced -525.5k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.83% of their portfolio | 6.3m $804.6m | Added +4.0m |
| Resolution Capital Ltd 13.41% of their portfolio | 6.1m $781.2m | Reduced -716.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.15% of their portfolio | 6.1m $776.7m | Added +46.3k |
| NORTHERN TRUST CORP 0.12% of their portfolio | 5.5m $703.0m | Reduced -215.9k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 6.21% of their portfolio | 5.2m $661.5m | Reduced -111.0k |
| Nuveen Asset Management, LLC 0.17% of their portfolio | 4.8m $619.3m | Added +79.6k |
| DEUTSCHE BANK AG\ 0.25% of their portfolio | 4.7m $608.0m | Reduced -765.4k |
| GOLDMAN SACHS GROUP INC 0.10% of their portfolio | 4.0m $515.8m | Added +124.2k |
| Russell Investments Group, Ltd. 0.70% of their portfolio | 3.8m $486.8m | Reduced -376.3k |
| Bank of New York Mellon Corp 0.09% of their portfolio | 3.8m $482.4m | Reduced -258.7k |
| Zimmer Partners, LP 7.96% of their portfolio | 3.3m $424.6m | Unchanged |
| Amundi 0.15% of their portfolio | 3.2m $397.3m | Added +100.2k |
| PRUDENTIAL FINANCIAL INC 0.53% of their portfolio | 3.0m $379.5m | Added +397.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.26% of their portfolio | 2.9m $373.1m | Added +291.8k |
| PGGM Investments 4.30% of their portfolio | 2.6m $335.5m | Added +291.7k |
| SEI INVESTMENTS CO 0.44% of their portfolio | 2.6m $335.0m | Reduced -131.3k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 3.73% of their portfolio | 2.5m $324.9m | Added +91.5k |
| HSBC HOLDINGS PLC 0.18% of their portfolio | 2.2m $281.2m | Added +698.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.26% of their portfolio | 2.1m $273.8m | Added +25.8k |
| MACQUARIE GROUP LTD 0.27% of their portfolio | 2.0m $250.3m | Reduced -87.8k |
| Swiss National Bank 0.15% of their portfolio | 1.8m $227.2m | Added +90.4k |
| AMERIPRISE FINANCIAL INC 0.05% of their portfolio | 1.7m $212.0m | Reduced -242.1k |
| UBS Group AG 0.06% of their portfolio | 1.7m $216.0m | Added +533.8k |
| BARCLAYS PLC 0.10% of their portfolio | 1.7m $215.7m | Added +380.9k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 3.36% of their portfolio | 1.7m $211.5m | Reduced -217.6k |
| CITADEL ADVISORS LLC 0.21% of their portfolio | 1.5m $198.0m | Added +1.5m |
| VOYA INVESTMENT MANAGEMENT LLC 0.19% of their portfolio | 1.5m $186.7m | Reduced -681.4k |
| National Pension Service 0.17% of their portfolio | 1.4m $177.4m | Added +220.2k |
| AEW CAPITAL MANAGEMENT L P 7.55% of their portfolio | 1.4m $175.4m | Added +18.3k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 6.58% of their portfolio | 1.3m $171.9m | Added +402.3k |
| APG Asset Management US Inc. 1.14% of their portfolio | 1.3m $167.7m | Added +76.7k |
| Aberdeen Group plc 0.31% of their portfolio | 1.3m $167.1m | Added +148.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.17% of their portfolio | 1.3m $165.9m | Reduced -149.1k |
| Allianz Asset Management GmbH 0.25% of their portfolio | 1.2m $159.1m | Added +190.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.17% of their portfolio | 1.2m $157.9m | Added +64.1k |
| AMERICAN CENTURY COMPANIES INC 0.09% of their portfolio | 1.2m $153.1m | Reduced -209.1k |
| RHUMBLINE ADVISERS 0.14% of their portfolio | 1.2m $151.6m | Reduced -18.7k |
| Adelante Capital Management LLC 9.61% of their portfolio | 1.2m $148.9m | Added +8.1k |
| NORDEA INVESTMENT MANAGEMENT AB 0.17% of their portfolio | 1.2m $146.7m | Reduced -59.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.14% of their portfolio | 1.1m $147.0m | Added +651.0k |
| CANADA LIFE ASSURANCE Co 0.25% of their portfolio | 1.1m $142.9m | Reduced -67.2k |
| JANUS HENDERSON GROUP PLC 0.07% of their portfolio | 1.1m $142.5m | Reduced -23.3k |
| Asset Management One Co., Ltd. 0.50% of their portfolio | 1.1m $141.8m | Reduced -30.3k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.60% of their portfolio | 1.1m $140.2m | Reduced -17.8k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 1.1m $136.6m | Added +1.8k |
| Pictet Asset Management Holding SA 0.15% of their portfolio | 1.1m $136.0m | Reduced -25.4k |
| ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio | 1.1m $135.8m | Reduced -198.6k |
| NOMURA ASSET MANAGEMENT CO LTD 0.41% of their portfolio | 1.0m $134.2m | Added +141.1k |
| California Public Employees Retirement System 0.09% of their portfolio | 1.0m $131.8m | Added +16.7k |
| BAMCO INC /NY/ 0.33% of their portfolio | 974.8k $124.8m | Added +164.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.14% of their portfolio | 930.4k $119.1m | Added +23.8k |
| MARSHALL WACE, LLP 0.14% of their portfolio | 855.4k $109.5m | Added +11.9k |
| STRS OHIO 0.39% of their portfolio | 796.7k $102.0m | Reduced -87.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.13% of their portfolio | 743.4k $95.2m | Reduced -14.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.17% of their portfolio | 730.5k $93.5m | Reduced -113.0k |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 726.1k $92.4m | Reduced -32.4k |
| Squarepoint Ops LLC 0.30% of their portfolio | 709.6k $90.8m | Added +644.2k |
| Qube Research & Technologies Ltd 0.17% of their portfolio | 706.8k $90.5m | Reduced -1.3m |
| 1832 Asset Management L.P. 0.14% of their portfolio | 669.0k $85.7m | Added +624.3k |
| Capital Research Global Investors 0.02% of their portfolio | 663.9k $85.0m | Added +11.7k |
| Swedbank AB 0.11% of their portfolio | 646.0k $82.7m | Added +17.6k |
| Heitman Real Estate Securities LLC 4.30% of their portfolio | 616.1k $78.9m | Reduced -413.4k |
| AVIVA PLC 0.20% of their portfolio | 613.9k $78.6m | Added +113.2k |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 613.1k $78.5m | Reduced -997 |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 586.8k $75.1m | Added +3.1k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 580.7k $74.3m | Reduced -146.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.14% of their portfolio | 564.8k $72.3m | Added +6.3k |
| D. E. Shaw & Co., Inc. 0.09% of their portfolio | 512.4k $65.6m | Reduced -312.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.10% of their portfolio | 503.0k $64.4m | Reduced -58.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 497.5k $63.7m | Reduced -8.6k |
| RAYMOND JAMES & ASSOCIATES 0.04% of their portfolio | 478.2k $61.2m | Added +42.0k |
| Retirement Systems of Alabama 0.23% of their portfolio | 470.4k $60.2m | Added +16.9k |
| AXA S.A. 0.18% of their portfolio | 466.1k $59.7m | Reduced -497.1k |
| State of New Jersey Common Pension Fund D 0.24% of their portfolio | 457.6k $58.6m | Added +8.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.12% of their portfolio | 455.8k $58.4m | Reduced -943 |
| Border to Coast Pensions Partnership Ltd 1.11% of their portfolio | 425.0k $54.3m | Reduced -125.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.16% of their portfolio | 416.7k $53.4m | Added +41.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 410.4k $52.5m | Reduced -4.3k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 391.3k $49.9m | Added +12.3k |
| Robeco Institutional Asset Management B.V. 0.10% of their portfolio | 384.6k $49.2m | Reduced -1.1k |
| UniSuper Management Pty Ltd 0.37% of their portfolio | 383.4k $49.1m | Added +2.8k |