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Gladstone Commercial Corp
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Name Holding Trade Value Shares
Change 		Change in
Stake
UCFA
1
United Capital Financial Advisors
Texas
$9.8M +$10.3M +525,726 New
Vanguard Group
2
Vanguard Group
Pennsylvania
$6.67M +$7.01M +357,912 New
BFA
3
BlackRock Fund Advisors
California
$6.13M +$6.43M +328,730 New
Northern Trust
4
Northern Trust
Illinois
$5.49M +$5.76M +294,376 New
BIT
5
BlackRock Institutional Trust
California
$5.09M +$5.35M +273,177 New
Wells Fargo
6
Wells Fargo
California
$4.61M +$4.84M +247,254 New
State Street
7
State Street
Massachusetts
$3.5M +$3.67M +187,485 New
Wellington Management Group
8
Wellington Management Group
Massachusetts
$2.41M +$2.53M +129,500 New
AC
9
Avenir Corporation
Virginia
$2.33M +$2.45M +125,209 New
FFSOTS
10
Fiduciary Financial Services of The Southwest
Texas
$2.14M +$2.25M +115,014 New
Bank of New York Mellon
11
Bank of New York Mellon
New York
$2.02M +$2.12M +108,259 New
ADMI
12
Albert D. Mason Inc
Massachusetts
$1.96M +$2.06M +105,255 New
BA
13
Bard Associates
Illinois
$1.64M +$1.72M +87,864 New
Two Sigma Investments
14
Two Sigma Investments
New York
$1.61M +$1.69M +86,489 New
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$1.59M +$1.67M +85,124 New
Two Sigma Advisers
16
Two Sigma Advisers
New York
$1.42M +$1.49M +75,965 New
U
17
UBS
Switzerland
$1.27M +$1.33M +67,946 New
CIM
18
Confluence Investment Management
Missouri
$1.25M +$1.32M +67,299 New
Morgan Stanley
19
Morgan Stanley
New York
$1.1M +$1.16M +59,031 New
TCIM
20
TIAA CREF Investment Management
New York
$1.1M +$1.15M +58,784 New
Geode Capital Management
21
Geode Capital Management
Massachusetts
$1.06M +$1.11M +56,892 New
Boston Partners
22
Boston Partners
Massachusetts
$972K +$1.02M +52,152 New
SONJCPFE
23
State of New Jersey Common Pension Fund E
New Jersey
$932K +$979K +50,000 New
TCOT
24
Trust Company of Toledo
Ohio
$900K +$946K +48,306 New
TA
25
Teachers Advisors
New York
$834K +$876K +44,747 New
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