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Equity Lifestyle Properties
ELS

495 hedge funds and large institutions have $12B invested in Equity Lifestyle Properties in 2025 Q3 according to their latest regulatory filings, with 58 funds opening new positions, 188 increasing their positions, 180 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,850% more call options, than puts

Call options by funds: $11.8M | Put options by funds: $400K

3.08% more ownership

Funds ownership: 98.64% → 101.72% (+3.1%)

4% more repeat investments, than reductions

Existing positions increased: 188 | Existing positions reduced: 180

3% more capital invested

Capital invested by funds: $11.6B → $12B (+$329M)

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

4% less funds holding

Funds holding: 517 → 495 (-22)

23% less first-time investments, than exits

New positions opened: 58 | Existing positions closed: 75

Holders
495
Holders Change
-22
Holders Change %
-4.26%
% of All Funds
6.5%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
58
Increased
188
Reduced
180
Closed
75
Calls
$11.8M
Puts
$400K
Net Calls
+$11.4M
Net Calls Change
+$11.5M

Top Buyers

1
Cohen & Steers
Cohen & Steers
New York
+$446M
2
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$174M
3
Daiwa Securities Group
Daiwa Securities Group
Japan
+$137M
4
CIM
Centersquare Investment Management
Pennsylvania
+$115M
5
Victory Capital Management
Victory Capital Management
Texas
+$102M

Top Sellers

1
Invesco
Invesco
Georgia
-$121M
2
CTC
Chai Trust Company
Illinois
-$91.4M
3
JP Morgan Chase
JP Morgan Chase
New York
-$64.2M
4
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$58.6M
5
AQR Capital Management
AQR Capital Management
Connecticut
-$53.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Arrowstreet Capital
26
Arrowstreet Capital
Massachusetts
$95.6M +$30.7M +505,086 +47%
Royal London Asset Management
27
Royal London Asset Management
United Kingdom
$92.1M -$15.4M -254,083 -14%
DPIM
28
Duff & Phelps Investment Management
Illinois
$87.6M +$468K +7,705 +0.5%
Fidelity Investments
29
Fidelity Investments
Massachusetts
$74.6M -$36M -593,320 -33%
Morgan Stanley
30
Morgan Stanley
New York
$73.5M -$7.36M -121,174 -9%
Legal & General Group
31
Legal & General Group
United Kingdom
$73.1M -$22.1M -364,048 -23%
Goldman Sachs
32
Goldman Sachs
New York
$72.6M -$5.78M -95,175 -7%
Sumitomo Mitsui Trust Group
33
Sumitomo Mitsui Trust Group
Japan
$68.4M +$33M +543,574 +93%
Janus Henderson Group
34
Janus Henderson Group
United Kingdom
$59.8M -$2.72M -44,844 -4%
Neuberger Berman Group
35
Neuberger Berman Group
New York
$56.4M +$10.1M +165,944 +22%
SEI Investments
36
SEI Investments
Pennsylvania
$54.2M +$4.82M +79,402 +10%
Ameriprise
37
Ameriprise
Minnesota
$51.1M +$3.03M +49,864 +6%
LIMS
38
Lasalle Investment Management Securities
Maryland
$50.8M +$50.8M +837,066 New
CI Investments Inc
39
CI Investments Inc
Ontario, Canada
$50.1M +$104K +1,709 +0.2%
CVA
40
Ceredex Value Advisors
Florida
$48.9M +$669K +11,025 +1%
Franklin Resources
41
Franklin Resources
California
$48.5M +$1.21M +19,928 +3%
ClearBridge Investments
42
ClearBridge Investments
New York
$46.4M -$230K -3,787 -0.5%
Qube Research & Technologies (QRT)
43
Qube Research & Technologies (QRT)
United Kingdom
$46M -$58.6M -964,889 -56%
CTC
44
Chai Trust Company
Illinois
$45.9M -$91.4M -1,506,337 -67%
Invesco
45
Invesco
Georgia
$45.3M -$121M -1,995,864 -73%
SSA
46
Schonfeld Strategic Advisors
New York
$43.5M +$42.2M +694,566 +3,239%
Millennium Management
47
Millennium Management
New York
$43.1M +$6.65M +109,564 +18%
QCM
48
Quantinno Capital Management
New York
$41M +$309K +5,092 +0.8%
CG
49
Caprock Group
Idaho
$40.2M +$40.5M +666,743 New
MHI
50
Miller Howard Investments
New York
$40M +$40M +658,476 New
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ELS Hedge Fund Activity: Q3 2025 in Review

495 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Equity Lifestyle Properties (ELS) for Q3 2025, worth a combined $12B — up 2.8% from $11.6B a quarter earlier.

Sellers outnumbered buyers: 75 funds closed out of ELS and 58 opened new positions — a net loss of 17 holders — while 180 trimmed existing stakes and 188 added.

The largest buyer was Cohen & Steers, adding an estimated $446M. The largest seller was Invesco, cutting an estimated $121M.

  • 495 institutional investors held Equity Lifestyle Properties (ELS) as of Q3 2025, down from 517 in Q2 2025.
  • Funds reported $12B of Equity Lifestyle Properties stock for Q3 2025, up 2.8% quarter-over-quarter.
  • 58 funds opened new Equity Lifestyle Properties positions in Q3 2025 and 75 closed out, a net change of -17 holders.
  • The largest Equity Lifestyle Properties buyer in Q3 2025 was Cohen & Steers, an estimated $446M added.
  • The largest Equity Lifestyle Properties seller in Q3 2025 was Invesco, an estimated $121M sold.

Based on aggregated 13F filings for Q3 2025.