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PDM

Piedmont Realty Trust
PDM

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
255
Holders Change
-5
Holders Change %
-1.92%
% of All Funds
4.06%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
35
Increased
97
Reduced
86
Closed
38
Calls
$202K
Puts
$724K
Net Calls
-$522K
Net Calls Change
-$503K

Top Buyers

1
BlackRock
BlackRock
New York
+$18.5M
2
Morgan Stanley
Morgan Stanley
New York
+$14.9M
3
Adage Capital Partners
Adage Capital Partners
Massachusetts
+$10.6M
4
MIIM
Mesirow Institutional Investment Management
Illinois
+$10.5M
5
PMG
Private Management Group
California
+$10.4M

Top Sellers

1
CIMLRA
CBRE Investment Management Listed Real Assets
Pennsylvania
-$22.1M
2
Man Group
Man Group
United Kingdom
-$18.2M
3
Millennium Management
Millennium Management
New York
-$16.8M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$3.85M
5
CIP
Chartwell Investment Partners
Pennsylvania
-$3.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$146M +$2.81M +306,634 +2%
BlackRock
2
BlackRock
New York
$109M +$18.5M +2,020,595 +16%
State Street
3
State Street
Massachusetts
$45.5M +$784K +85,434 +1%
LSV Asset Management
4
LSV Asset Management
Illinois
$31.1M -$230K -25,070 -0.6%
Fuller & Thaler Asset Management
5
Fuller & Thaler Asset Management
California
$26.5M +$67.3K +7,328 +0.2%
N
6
Nuveen
North Carolina
$25M +$7.92M +863,333 +34%
PMG
7
Private Management Group
California
$24.4M +$10.4M +1,135,776 +51%
Charles Schwab
8
Charles Schwab
California
$22.5M -$48.6K -5,298 -0.2%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$19.5M +$1.14M +124,367 +5%
Morgan Stanley
10
Morgan Stanley
New York
$17.4M +$14.9M +1,619,827 +212%
Man Group
11
Man Group
United Kingdom
$14.8M -$18.2M -1,984,218 Closed
Adage Capital Partners
12
Adage Capital Partners
Massachusetts
$14.2M +$10.6M +1,150,000 +144%
Dimensional Fund Advisors
13
Dimensional Fund Advisors
Texas
$12.7M +$566K +61,650 +4%
Norges Bank
14
Norges Bank
Norway
$12M -$1.07M -116,294 -7%
Renaissance Technologies
15
Renaissance Technologies
New York
$11.4M -$1.1M -120,100 -7%
SFM
16
Systematic Financial Management
New Jersey
$10.3M +$2.33M +253,686 +22%
Northern Trust
17
Northern Trust
Illinois
$10.3M -$565K -61,554 -4%
Citadel Advisors
18
Citadel Advisors
Florida
$8.78M +$714K +77,767 +7%
MIIM
19
Mesirow Institutional Investment Management
Illinois
$8.33M +$10.5M +1,140,915 New
AQR Capital Management
20
AQR Capital Management
Connecticut
$8.14M -$139K -15,173 -1%
First Trust Advisors
21
First Trust Advisors
Illinois
$7.03M +$2.32M +252,497 +36%
Lazard Asset Management
22
Lazard Asset Management
New York
$6.62M +$8.01M +872,328 +2,535%
Legal & General Group
23
Legal & General Group
United Kingdom
$6.39M +$619K +67,477 +8%
WAM
24
Wilsey Asset Management
California
$6.35M +$7.99M +869,969 New
GT
25
Glenmede Trust
Pennsylvania
$6.25M +$132K +14,363 +2%
1
2 3 4 5

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.