Piedmont Realty Trust
255 hedge funds and large institutions have $776M invested in Piedmont Realty Trust in 2023 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 97 increasing their positions, 86 reducing their positions, and 38 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 86
1.45% more ownership
Funds ownership: 82.96% → 84.41% (+1.5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 38
2% less funds holding
Funds holding: 260 → 255 (-5)
16% less capital invested
Capital invested by funds: $924M → $776M (-$149M)
72% less call options, than puts
Call options by funds: $202K | Put options by funds: $724K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$18.5M |
| 2 |
Morgan Stanley
New York
|
+$14.9M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
+$10.6M |
| 4 |
MIIM
Mesirow Institutional Investment Management
Chicago,
Illinois
|
+$10.5M |
| 5 |
PMG
Private Management Group
Irvine,
California
|
+$10.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIMLRA
CBRE Investment Management Listed Real Assets
Radnor,
Pennsylvania
|
-$22.1M |
| 2 |
Man Group
London,
United Kingdom
|
-$18.2M |
| 3 |
Millennium Management
New York
|
-$16.8M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.85M |
| 5 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
-$3.72M |
PDM Hedge Fund Activity: Q1 2023 in Review
255 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Piedmont Realty Trust (PDM) for Q1 2023, worth a combined $776M — down 16% from $924M a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of PDM and 35 opened new positions — a net loss of 3 holders — while 86 trimmed existing stakes and 97 added.
The largest buyer was BlackRock, adding an estimated $18.5M. The largest seller was CBRE Investment Management Listed Real Assets, cutting an estimated $22.1M.
- 255 institutional investors held Piedmont Realty Trust (PDM) as of Q1 2023, down from 260 in Q4 2022.
- Funds reported $776M of Piedmont Realty Trust stock for Q1 2023, down 16% quarter-over-quarter.
- 35 funds opened new Piedmont Realty Trust positions in Q1 2023 and 38 closed out, a net change of -3 holders.
- The largest Piedmont Realty Trust buyer in Q1 2023 was BlackRock, an estimated $18.5M added.
- The largest Piedmont Realty Trust seller in Q1 2023 was CBRE Investment Management Listed Real Assets, an estimated $22.1M sold.
Based on aggregated 13F filings for Q1 2023.