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 ($228.0m this quarter). Holder counts are more reliable. Shares outstanding: 654.0m as of 2025-04-25, 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 ≈ $153.19. Options: 29 managers hold calls ($279.4m notional), 22 hold puts ($190.6m).
Trends to Q1 2025
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 |
| Q4 2024 | 1,129 |
| Q1 2025 | 1,237 |
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 2023 | 371 | 293 |
| Q3 2023 | 386 | 305 |
| Q4 2023 | 480 | 305 |
| Q1 2024 | 477 | 377 |
| Q2 2024 | 549 | 355 |
| Q3 2024 | 528 | 417 |
| Q4 2024 | 550 | 399 |
| Q1 2025 | 700 | 403 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $129.8m | $171.8m | 1.32 |
| Q3 2024 | $176.4m | $290.6m | 1.65 |
| Q4 2024 | $154.8m | $258.4m | 1.67 |
| Q1 2025 | $279.4m | $190.6m | 0.68 |
Biggest buyers
| Capital International Investors | Added | +5.5m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +2.6m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +2.6m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +2.2m |
| MORGAN STANLEY | Added | +2.1m |
| FMR LLC | Added | +1.8m |
| BANK OF AMERICA CORP /DE/ | Added | +1.7m |
| STATE STREET CORP | Added | +1.4m |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Added | +1.1m |
| AMERIPRISE FINANCIAL INC | Added | +1.0m |
Biggest sellers
| VANGUARD GROUP INC | Reduced | -5.9m |
| JPMORGAN CHASE & CO | Reduced | -2.4m |
| COHEN & STEERS, INC. | Reduced | -2.1m |
| Zimmer Partners, LP | Reduced | -1.5m |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -1.1m |
| Resolution Capital Ltd | Reduced | -862.4k |
| Daiwa Securities Group Inc. | Reduced | -797.8k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -783.9k |
| CITADEL ADVISORS LLC | Reduced | -571.6k |
| MACKENZIE FINANCIAL CORP | Reduced | -560.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $65.6m428.1k shares |
| CITADEL ADVISORS LLC | Added | $60.7m396.4k shares |
| JANE STREET GROUP, LLC | Added | $49.5m323.2k shares |
| Zimmer Partners, LP | New | $19.2m125.0k shares |
| Walleye Trading LLC | Added | $15.8m103.0k shares |
| GROUP ONE TRADING LLC | Added | $14.7m96.0k shares |
| IMC-Chicago, LLC | Reduced | $11.0m71.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.4m55.1k shares |
| WOLVERINE TRADING, LLC | Reduced | $6.9m45.2k shares |
| D. E. Shaw & Co., Inc. | Added | $6.3m41.2k shares |
Biggest puts
| Flat Footed LLC | Reduced | $67.3m439.4k shares |
| JANE STREET GROUP, LLC | Added | $25.4m165.7k shares |
| CITADEL ADVISORS LLC | Reduced | $20.8m135.9k shares |
| Portman Square Capital LLP | New | $15.8m103.0k shares |
| Walleye Trading LLC | Added | $14.3m93.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.0m85.1k shares |
| Squarepoint Ops LLC | Added | $12.4m80.9k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $5.7m37.1k shares |
| WOLVERINE TRADING, LLC | Reduced | $5.1m33.2k shares |
| Delta Accumulation, LLC | Unchanged | $2.5m2.8k 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 Q1 2025
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 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 | — | — |
| Q4 2024 | 0 | — | 1 | $286.4k | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.26% of their portfolio | 92.4m $14.2bn | Reduced -5.9m |
| BlackRock, Inc. 0.21% of their portfolio | 65.6m $10.1bn | Added +715.3k |
| Capital International Investors 1.28% of their portfolio | 42.6m $6.5bn | Added +5.5m |
| STATE STREET CORP 0.24% of their portfolio | 37.9m $5.8bn | Added +1.4m |
| COHEN & STEERS, INC. 10.14% of their portfolio | 35.8m $5.5bn | Reduced -2.1m |
| NORGES BANK 0.67% of their portfolio | 31.3m $4.8bn | Added +8.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.63% of their portfolio | 21.3m $3.3bn | Added +2.6m |
| BANK OF AMERICA CORP /DE/ 0.28% of their portfolio | 20.4m $3.1bn | Added +1.7m |
| FMR LLC 0.17% of their portfolio | 17.5m $2.7bn | Added +1.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.17% of their portfolio | 14.3m $2.2bn | Added +729.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.99% of their portfolio | 11.5m $1.8bn | Reduced -446.2k |
| MORGAN STANLEY 0.10% of their portfolio | 9.2m $1.4bn | Added +2.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.17% of their portfolio | 8.9m $1.4bn | Added +2.6m |
| NORTHERN TRUST CORP 0.19% of their portfolio | 8.5m $1.3bn | Added +36.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.32% of their portfolio | 8.2m $1.3bn | Added +532.1k |
| JPMORGAN CHASE & CO 0.09% of their portfolio | 7.7m $1.2bn | Reduced -2.4m |
| DIMENSIONAL FUND ADVISORS LP 0.28% of their portfolio | 7.2m $1.1bn | Reduced -227.3k |
| Invesco Ltd. 0.21% of their portfolio | 7.1m $1.1bn | Reduced -337.4k |
| Legal & General Group Plc 0.29% of their portfolio | 7.0m $1.1bn | Added +122.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.20% of their portfolio | 7.0m $1.1bn | Added +877.9k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 1.13% of their portfolio | 6.3m $969.9m | Reduced -187.5k |
| Daiwa Securities Group Inc. 3.52% of their portfolio | 5.4m $833.7m | Reduced -797.8k |
| DEUTSCHE BANK AG\ 0.31% of their portfolio | 5.1m $784.6m | Added +118.2k |
| Nuveen, LLC 0.23% of their portfolio | 5.0m $762.2m | First filing |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 7.87% of their portfolio | 5.0m $760.3m | Added +67.8k |
| Resolution Capital Ltd 14.64% of their portfolio | 4.9m $751.8m | Reduced -862.4k |
| GOLDMAN SACHS GROUP INC 0.14% of their portfolio | 4.7m $724.5m | Added +1.0m |
| Bank of New York Mellon Corp 0.12% of their portfolio | 3.9m $596.0m | Added +5.4k |
| Amundi 0.21% of their portfolio | 3.8m $578.9m | Added +24.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.30% of their portfolio | 3.5m $542.8m | Added +2.2m |
| Russell Investments Group, Ltd. 0.74% of their portfolio | 3.5m $535.3m | Added +3.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.34% of their portfolio | 3.1m $476.1m | Added +1.2k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 7.07% of their portfolio | 3.0m $461.7m | Added +1.1m |
| UBS Group AG 0.09% of their portfolio | 2.8m $422.3m | Added +736.4k |
| AMERIPRISE FINANCIAL INC 0.11% of their portfolio | 2.6m $399.3m | Added +1.0m |
| PGGM Investments 5.46% of their portfolio | 2.6m $404.7m | Added +68.5k |
| SEI INVESTMENTS CO 0.51% of their portfolio | 2.6m $394.2m | Added +13.6k |
| PRUDENTIAL FINANCIAL INC 0.55% of their portfolio | 2.5m $383.9m | Reduced -271.8k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 4.44% of their portfolio | 2.5m $379.5m | Reduced -99.0k |
| HSBC HOLDINGS PLC 0.23% of their portfolio | 2.3m $352.1m | Added +91.4k |
| GROUPAMA ASSET MANAGMENT 0.05% of their portfolio | 1.9m $2.5m | Unchanged |
| Zimmer Partners, LP 5.77% of their portfolio | 1.9m $284.5m | Reduced -1.5m |
| California Public Employees Retirement System 0.20% of their portfolio | 1.8m $280.7m | Added +171.0k |
| MACQUARIE GROUP LTD 0.35% of their portfolio | 1.8m $278.8m | Reduced -32.4k |
| Swiss National Bank 0.19% of their portfolio | 1.8m $269.1m | Added +9.1k |
| BARCLAYS PLC 0.11% of their portfolio | 1.6m $244.0m | Added +751.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.25% of their portfolio | 1.5m $235.5m | Added +54.5k |
| National Pension Service 0.23% of their portfolio | 1.5m $234.7m | Added +127.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.21% of their portfolio | 1.5m $232.7m | Added +178.1k |
| Aberdeen Group plc 0.45% of their portfolio | 1.5m $228.9m | Added +160.3k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.44% of their portfolio | 1.4m $221.2m | Reduced -97.7k |
| APG Asset Management US Inc. 1.68% of their portfolio | 1.4m $219.0m | Added +82.7k |
| CANADA LIFE ASSURANCE Co 0.38% of their portfolio | 1.4m $215.6m | Added +185.5k |
| AEW CAPITAL MANAGEMENT L P 10.31% of their portfolio | 1.4m $210.8m | Reduced -32.6k |
| Qube Research & Technologies Ltd 0.33% of their portfolio | 1.4m $209.5m | Added +243.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.21% of their portfolio | 1.4m $207.8m | Added +6.5k |
| BAMCO INC /NY/ 0.60% of their portfolio | 1.3m $202.6m | Added +170.8k |
| RHUMBLINE ADVISERS 0.19% of their portfolio | 1.3m $199.3m | Added +53.3k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 8.72% of their portfolio | 1.3m $199.3m | Reduced -139.0k |
| ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio | 1.3m $193.5m | Added +122.8k |
| Asset Management One Co., Ltd. 0.63% of their portfolio | 1.2m $182.5m | Added +47.8k |
| NOMURA ASSET MANAGEMENT CO LTD 0.56% of their portfolio | 1.2m $181.4m | Added +79.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.14% of their portfolio | 1.2m $181.2m | First filing |
| AMERICAN CENTURY COMPANIES INC 0.11% of their portfolio | 1.1m $172.2m | Reduced -46.2k |
| Brookfield Corp /ON/ 0.15% of their portfolio | 1.1m $170.7m | Added +580.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.62% of their portfolio | 1.1m $170.0m | Added +10.4k |
| Heitman Real Estate Securities LLC 10.72% of their portfolio | 1.1m $165.5m | Added +431.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.25% of their portfolio | 1.1m $165.3m | Added +456.0k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 1.0m $159.9m | Added +1.4k |
| Pictet Asset Management Holding SA 0.17% of their portfolio | 1.0m $154.3m | Reduced -62.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.18% of their portfolio | 972.0k $148.9m | Reduced -326 |
| Adelante Capital Management LLC 11.17% of their portfolio | 963.7k $147.7m | Reduced -207.5k |
| Castle Hook Partners LP 3.78% of their portfolio | 938.2k $143.7m | New |
| D. E. Shaw & Co., Inc. 0.16% of their portfolio | 872.4k $133.7m | Reduced -106.6k |
| CITIGROUP INC 0.10% of their portfolio | 844.8k $129.4m | Added +309.8k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 784.2k $120.1m | Reduced -26.3k |
| STRS OHIO 0.50% of their portfolio | 773.1k $118.5m | Reduced -3.8k |
| MARSHALL WACE, LLP 0.16% of their portfolio | 768.5k $117.7m | Added +737.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.17% of their portfolio | 762.3k $116.8m | Reduced -4.7k |
| CITADEL ADVISORS LLC 0.11% of their portfolio | 745.1k $114.2m | Reduced -571.6k |
| RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio | 722.9k $110.8m | Added +4.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.31% of their portfolio | 717.9k $110.0m | Added +610.1k |
| NATIONAL BANK OF CANADA /FI/ 0.12% of their portfolio | 694.9k $106.5m | Added +229.3k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.30% of their portfolio | 690.8k $105.8m | Added +145.9k |
| Korea Investment CORP 0.26% of their portfolio | 687.7k $105.4m | Added +207.7k |
| Allianz Asset Management GmbH 0.15% of their portfolio | 677.2k $103.7m | Reduced -529.6k |
| NEUBERGER BERMAN GROUP LLC 0.09% of their portfolio | 676.3k $103.6m | Added +128.0k |
| Cardano Risk Management B.V. 1.60% of their portfolio | 658.8k $100.9m | New |
| Zurich Insurance Group Ltd/FI 0.77% of their portfolio | 622.6k $95.4m | New |
| JANUS HENDERSON GROUP PLC 0.05% of their portfolio | 610.5k $93.6m | Added +31.9k |
| GRS Advisors, LLC 9.38% of their portfolio | 588.5k $90.2m | Added +554.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.18% of their portfolio | 580.3k $88.9m | Added +13.9k |
| Capital Research Global Investors 0.02% of their portfolio | 570.0k $87.3m | Reduced -108.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.21% of their portfolio | 522.0k $80.0m | Added +342.6k |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 515.2k $78.9m | Reduced -110.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.14% of their portfolio | 505.6k $77.5m | Reduced -137.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.20% of their portfolio | 503.9k $77.2m | Added +101.2k |
| STOREBRAND ASSET MANAGEMENT AS 0.24% of their portfolio | 488.0k $74.8m | Reduced -9.4k |
| Retirement Systems of Alabama 0.28% of their portfolio | 471.4k $72.2m | Added +8.6k |
| AXA S.A. 0.23% of their portfolio | 462.9k $70.9m | Reduced -44.1k |