BXMT Blackstone Mortgage Trust, Inc. Common Stock

NYSE · Real Estate · View on SEC EDGAR ↗
$14.36
Price · Aug 21, 2026
Fundamentals as of Jul 30, 2026
52W Range
$14–$21
9% of range
Analyst Rating
BUY
15 analysts
Price Target
$19
+31% upside
P/E (TTM)
22.4
ROE
3.0%
Net Profit Margin
19.8%

BXMT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$14.36
Market Cap
$2.42B
P/E (TTM)
22.4
EPS (TTM)
$0.64
Revenue (TTM)
—
Div Yield
13.4%
ROE
3.0%
Debt/Equity
—
52W Range
$14 – $21

BXMT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income —
EPS $0.64
7-point trend, -72.8%
2019-12-31 → 2025-12-31
Free Cash Flow —
Margins 19.8%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
BXMT
Peer Median
P/E (TTM)
5-point trend, +170.4%
22.4
10.7
P/S (TTM)
5-point trend, -37.5%
13.1
2.2
P/B
5-point trend, -18.0%
0.7
0.8

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
BXMT
Peer Median
Net Profit Margin
5-point trend, -75.7%
19.8%
21.1%
ROA
5-point trend, -73.9%
0.55%
1.2%
ROE
5-point trend, -69.6%
3.0%
9.8%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
BXMT
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
BXMT
Peer Median
Revenue YoY
10.9%
—
Revenue CAGR 3Y
-23.9%
—
Revenue CAGR 5Y
5.1%
—
EPS YoY
5-point trend, -76.9%
-2.1%
—
Net Income YoY
5-point trend, -73.9%
-0.84%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
BXMT
Peer Median
EPS (Diluted)
5-point trend, -76.9%
$0.64
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
BXMT
Peer Median
Payout Ratio
5-point trend, +233.1%
294.6%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
13.4%
Payout Ratio
294.6%
5Y Div CAGR
—
Ex-dateAmount
June 30, 2026$0.4700
March 31, 2026$0.4700
Dec. 31, 2025$0.4700
Sept. 30, 2025$0.4700
June 30, 2025$0.4700
March 31, 2025$0.4700
Dec. 31, 2024$0.4700
Sept. 30, 2024$0.4700
June 28, 2024$0.6200
March 27, 2024$0.6200
Dec. 28, 2023$0.6200
Sept. 28, 2023$0.6200
June 29, 2023$0.6200
March 30, 2023$0.6200
Dec. 29, 2022$0.6200
Sept. 29, 2022$0.6200
June 29, 2022$0.6200
March 30, 2022$0.6200
Dec. 30, 2021$0.6200
Sept. 29, 2021$0.6200

BXMT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 15 analysts
  • Strong Buy 4 26.7%
  • Buy 7 46.7%
  • Hold 4 26.7%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

7 analysts · 2026-08-22
Median target $18.00 +25.4%
Mean target $18.86 +31.4%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.42%
Next Report
Sep 24, 2026
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.31 $0.36 -0.05%
March 31, 2026 $0.21 $0.34 -0.13%
Dec. 31, 2025 $-2.07 $0.27 -2.3%
Sept. 30, 2025 $0.24 $0.28 -0.04%
June 30, 2025 $0.19 $0.27 -0.08%
March 31, 2025 $0.17 $0.08 0.09%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
BXMT $3.22B 29.9 10.9% 19.8% 3.0% —
NLY $15.81B 7.7 358.2% 178.5% 14.1% —
AGNC — — — — — —
STWD $6.67B 15.7 -5.3% 22.3% 6.2% —
RITM $6.06B 10.5 -6.7% 15.2% 8.6% —
DX $2.45B 5.7 1845.8% 279.0% 15.7% —
ARR $1.98B 5.4 490.8% 203.8% 16.5% —
EFC $1.54B 11.4 10.1% 35.3% 7.0% —
ORC $1.31B — 1944.3% 146.9% 13.9% —
TWO — -2.2 — — — —
LADR $1.40B 21.5 -32.9% 69.2% 4.2% —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 10
Annual Income Statement data for BXMT
Metric Trend 202520242023202220212020201920182017201620152014
SG&A Expense 12-point trend, +87.7% $52M $54M $51M $52M $43M $46M $39M $36M $30M $28M $37M $28M
Interest Expense 10-point trend, +1877.0% · · $1.37B $711M $340M $347M $459M $360M $235M $184M $152M $69M
Interest Income 12-point trend, +634.1% $1.36B $1.77B $2.04B $1.34B $855M $780M $883M $756M $538M $498M $411M $185M
Pretax Income 12-point trend, +12.2% $113M $-199M $255M $254M $423M $141M $307M $286M $218M $247M $212M $101M
Income Tax 12-point trend, +608.1% $4M $2M $5M $3M $423.0K $323.0K $-506.0K $308.0K $314.0K $196.0K $504.0K $518.0K
Net Income 12-point trend, +21.7% $110M $-204M $247M $249M $419M $138M $306M $285M $218M $238M $197M $90M
EPS (Basic) 8-point trend, -65.6% $0.64 $-1.17 $1.43 $1.46 $2.77 $0.97 $2.35 · · · · $1.86
EPS (Diluted) 8-point trend, -65.6% $0.64 $-1.17 $1.43 $1.46 $2.77 $0.97 $2.35 · · · · $1.86
Shares (Basic) 8-point trend, +253.3% 170,961,564 173,782,523 172,672,038 170,631,410 151,521,941 141,795,977 130,085,398 · · · · 48,394,478
Shares (Diluted) 8-point trend, +253.3% 170,961,564 173,782,523 172,672,038 170,631,410 151,521,941 141,795,977 130,085,398 · · · · 48,394,478
Balance Sheet 10
Annual Balance Sheet data for BXMT
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +773.4% $453M $323M $350M $291M $551M $290M $150M $106M $103M $76M $96M $52M
Total Assets 12-point trend, +337.4% $20.00B $19.80B $24.04B $25.35B $22.70B $16.96B $16.55B $14.47B $10.26B $8.81B $9.38B $4.57B
Total Liabilities 12-point trend, +437.1% $16.50B $16.01B $19.65B $20.81B $18.08B $13.05B $12.77B $11.09B $7.34B $6.32B $6.87B $3.07B
Long-term Debt 6-point trend, +71.6% · · $16.50B $17.58B $15.07B $9.98B $11.45B $9.62B · · · ·
Common Stock 12-point trend, +188.7% $2M $2M $2M $2M $2M $1M $1M $1M $1M $945.0K $937.0K $583.0K
Retained Earnings 12-point trend, -255.3% $-1.95B $-1.73B $-1.15B $-969M $-795M $-829M $-593M $-569M $-567M $-541M $-546M $-548M
AOCI 12-point trend, +180.6% $12M $8M $9M $10M $8M $11M $-16M $-34M $-30M $-56M $-33M $-15M
Stockholders' Equity 12-point trend, +138.8% $3.50B $3.79B $4.37B $4.52B $4.59B $3.89B $3.76B $3.36B $2.91B $2.49B $2.51B $1.47B
Liabilities + Equity 12-point trend, +337.4% $20.00B $19.80B $24.04B $25.35B $22.70B $16.96B $16.55B $14.47B $10.26B $8.81B $9.38B $4.57B
Shares Outstanding 12-point trend, +188.8% 168,259,023 172,792,094 173,209,933 171,695,985 168,179,798 146,780,031 135,003,662 123,435,738 107,883,860 94,540,263 93,702,326 58,269,889
Cash Flow 11
Annual Cash Flow data for BXMT
Metric Trend 202520242023202220212020201920182017201620152014
D&A 4-point trend, +68840000.00 $69M $9M $0 $0 · · · · · · · ·
Stock-based Comp 12-point trend, +190.9% $28M $32M $31M $33M $32M $35M $31M $28M $24M $22M $21M $10M
Operating Cash Flow 12-point trend, +242.1% $276M $366M $459M $397M $382M $337M $304M $290M $227M $237M $171M $81M
Investing Cash Flow 11-point trend, +114.9% $359M $3.50B $1.44B $-3.25B $-5.63B $-88M $-1.87B $-4.25B $-781M $434M · $-2.41B
Stock Issued 11-point trend, -100.0% · $0 $0 $71M $638M $278M $372M $476M $392M $27.0K $1.03B $766M
Stock Repurchased 4-point trend, +109507000.00 $110M $29M $0 $0 · · · · · · · ·
Net Stock Activity 12-point trend, -114.3% $-110M $-29M $0 $71M $638M $278M $372M $476M $392M $27.0K $1.03B $766M
Dividends Paid 12-point trend, +283.1% $323M $404M $427M $421M $371M $349M $321M $277M $235M $233M $167M $84M
Financing Cash Flow 11-point trend, -122.0% $-514M $-3.88B $-1.85B $2.61B $5.51B $-111M $1.61B $3.96B $575M $-700M · $2.33B
Net Change in Cash · · · · · · · · · · · $2M
Taxes Paid 12-point trend, +172.1% $4M $4M $7M $676.0K $-73.0K $232.0K $-109.0K $554.0K $296.0K $286.0K $125.0K $1M
Profitability 4
Annual Profitability data for BXMT
Metric Trend 202520242023202220212020201920182017201620152014
Net Margin 12-point trend, -74.6% 19.8% -40.9% 36.8% 39.6% 81.5% 31.9% 72.0% 71.9% 71.8% 76.0% 76.2% 77.9%
Pretax Margin 12-point trend, -76.5% 20.5% -40.0% 38.1% 40.5% 82.2% 32.6% 72.4% 72.2% 72.0% 78.6% 82.2% 87.4%
ROA 12-point trend, -79.2% 0.55% -0.93% 1.0% 1.0% 2.1% 0.82% 2.0% 2.3% 2.3% 2.6% 2.8% 2.6%
ROE 12-point trend, -63.5% 3.0% -5.0% 5.5% 5.5% 9.9% 3.6% 8.6% 9.1% 8.1% 9.5% 10.0% 8.2%
Efficiency 1
Annual Efficiency data for BXMT
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, -18.2% 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Per Share 6
Annual Per Share data for BXMT
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 11-point trend, -17.3% $20.79 $21.92 $25.22 $26.32 $27.28 $26.48 $27.87 $27.25 $26.98 $26.38 · $25.15
Revenue / Share 6-point trend, +35.3% $3.23 $2.87 $3.88 $3.68 $3.40 · · · · · · $2.39
Cash Flow / Share 6-point trend, -3.2% $1.61 $2.11 $2.66 $2.33 $2.52 · · · · · · $1.67
Cash / Share 11-point trend, +202.5% $2.69 $1.87 $2.02 $1.70 $3.28 $1.98 $1.11 $0.86 $0.65 $0.80 · $0.89
Dividend / Share 12-point trend, -5.1% $2 $2 $2 $2 $2 $2 $2 $2 $2 $2 $2 $2
EPS (TTM) 12-point trend, -65.6% $0.64 $-1.17 $1.43 $1.46 $2.77 $0.97 $2.35 $2.12 $2.12 $2.12 $2.12 $1.86
Growth Rates 10
Annual Growth Rates data for BXMT
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -42.8% 10.9% -63.0% 7.1% 144.2% 19.0% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -152.0% -23.9% -1.0% 46.0% · · · · · · · · ·
Revenue CAGR 5Y 5.1% · · · · · · · · · · ·
EPS YoY 3-point trend, -101.1% · · -2.1% -47.3% 185.6% · · · · · · ·
EPS CAGR 3Y 2-point trend, -274.1% -24.0% · 13.8% · · · · · · · · ·
EPS CAGR 5Y -8.0% · · · · · · · · · · ·
Net Income YoY 3-point trend, -100.4% · · -0.84% -40.7% 204.5% · · · · · · ·
Net Income CAGR 3Y 2-point trend, -211.5% -23.9% · 21.4% · · · · · · · · ·
Net Income CAGR 5Y -4.5% · · · · · · · · · · ·
Dividend CAGR 5Y -1.6% · · · · · · · · · · ·
Valuation (TTM) 12
Annual Valuation (TTM) data for BXMT
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM Flat — no change across 12 periods $185M $185M $185M $185M $185M $185M $185M $185M $185M $185M $185M $185M
Net Income TTM 12-point trend, +21.7% $110M $-204M $247M $249M $419M $138M $306M $285M $218M $238M $197M $90M
Market Cap 11-point trend, +89.6% $3.22B $3.01B $3.68B $3.63B $5.15B $4.04B $5.02B $3.93B $3.47B $2.84B · $1.70B
P/E 12-point trend, +90.8% 29.9 -14.9 14.9 14.5 11.1 28.4 15.8 15.0 15.2 14.2 12.6 15.7
P/S 11-point trend, +89.6% 17.4 16.3 19.9 19.7 27.9 21.9 27.2 21.3 18.8 15.4 · 9.2
P/B 11-point trend, -20.6% 0.9 0.8 0.8 0.8 1.1 1.0 1.3 1.2 1.2 1.1 · 1.2
P / Tangible Book 6-point trend, -11.5% 0.9 0.8 0.8 0.8 1.1 1.0 · · · · · ·
P / Cash Flow 11-point trend, -44.6% 11.7 8.2 8.0 9.2 13.5 12.0 16.5 13.6 15.3 12.0 · 21.1
Dividend Yield 11-point trend, +102.2% 10.0% 13.4% 11.6% 11.6% 7.2% 8.6% 6.4% 7.0% 6.8% 8.2% · 5.0%
Earnings Yield 12-point trend, -47.5% 3.4% -6.7% 6.7% 6.9% 9.0% 3.5% 6.3% 6.7% 6.6% 7.0% 7.9% 6.4%
Payout Ratio 12-point trend, +214.9% 294.6% -198.0% 173.2% 169.5% 88.4% 253.4% 105.0% 97.3% 108.0% 97.7% 84.8% 93.5%
Annual Payout 12-point trend, +283.1% $323M $404M $427M $421M $371M $349M $321M $277M $235M $233M $167M $84M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Net Income $110M$-204M$247M$249M$419M
Diluted EPS $0.64$-1.17$1.43$1.46$2.77

Latest News Recent headlines mentioning this company

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Institutional owners (13F) 372 filers · $1.5B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
47 (-3 vs prior Q) 34 (-7 vs prior Q) 133 (+6 vs prior Q) 95 (+7 vs prior Q) +7.0M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $300,104,878 15,687,657 19.80% Shares
Blackstone Inc. $157,352,325 9,283,323 10.38% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $150,770,453 8,895,012 9.95% Shares
VANGUARD CAPITAL MANAGEMENT LLC $121,336,558 7,158,499 8.01% Shares
STATE STREET CORP $111,722,367 6,416,582 7.37% Shares
GEODE CAPITAL MANAGEMENT, LLC $59,608,837 3,516,080 3.93% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $39,602,133 2,336,409 2.61% Shares
Parallax Volatility Advisers, L.P. $38,595,150 2,277,000 2.55% Put option
Qube Research & Technologies Ltd $32,511,998 1,918,112 2.15% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $26,514,800 1,564,295 1.75% Shares
Advisors Capital Management, LLC $22,233,014 1,311,682 1.47% Shares
UBS Group AG $19,493,534 1,150,061 1.29% Shares
Mesirow Institutional Investment Management, Inc. $19,083,275 1,096,110 1.26% Shares
VANGUARD FIDUCIARY TRUST CO $17,648,526 1,041,211 1.16% Shares
VAN ECK ASSOCIATES CORP $15,857,488 935,545 1.05% Shares
MetLife Investment Management, LLC $15,332,156 904,552 1.01% Shares
GOLDMAN SACHS GROUP INC $14,014,124 826,792 0.92% Shares
Balyasny Asset Management L.P. $13,713,686 809,067 0.90% Shares
PRINCIPAL FINANCIAL GROUP INC $12,745,468 751,945 0.84% Shares
VICTORY CAPITAL MANAGEMENT INC $9,213,528 543,571 0.61% Shares
Public Sector Pension Investment Board $9,100,184 536,884 0.60% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $8,144,475 480,500 0.54% Put option
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. $8,071,392 476,188 0.53% Shares
D. E. Shaw & Co., Inc. $7,479,188 441,250 0.49% Shares
RHUMBLINE ADVISERS $6,757,502 398,674 0.45% Shares
WESTWOOD HOLDINGS GROUP INC $6,356,267 375,001 0.42% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $6,313,875 372,500 0.42% Call option
NEUBERGER BERMAN GROUP LLC $6,180,123 364,609 0.41% Shares
CITADEL ADVISORS LLC $5,617,230 331,400 0.37% Call option
Dupree Financial Group, LLC $5,465,940 322,474 0.36% Shares
Nuveen, LLC $5,464,561 322,393 0.36% Shares
Swiss National Bank $5,452,815 321,700 0.36% Shares
LONGFELLOW INVESTMENT MANAGEMENT CO LLC $5,424,000 320,000 0.36% Shares
NewEdge Advisors, LLC $5,260,093 310,329 0.35% Shares
INDEPENDENT FINANCIAL GROUP, LLC $5,259,315 310,284 0.35% Shares
JANE STREET GROUP, LLC $5,140,935 303,300 0.34% Put option
NATIONS FINANCIAL GROUP INC, /IA/ /ADV $4,971,260 293,289 0.33% Shares
John & Kathleen Schreiber Foundation $4,795,640 282,929 0.32% Shares
CONDOR CAPITAL MANAGEMENT $4,732,241 279,188 0.31% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $4,545,634 268,179 0.30% Shares
AMERIPRISE FINANCIAL INC $4,186,634 246,515 0.28% Shares
Bracebridge Capital, LLC $4,096,815 241,700 0.27% Shares
Legal & General Group Plc $4,067,051 239,944 0.27% Shares
CHOREO, LLC $3,936,585 232,239 0.26% Shares
BANK OF AMERICA CORP /DE/ $3,909,637 230,657 0.26% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $3,788,349 197,825 0.25% Shares
LPL Financial LLC $3,745,686 220,984 0.25% Shares
ALLIANCEBERNSTEIN L.P. $3,666,631 191,469 0.24% Shares
Advisors Asset Management, Inc. $3,653,976 209,878 0.24% Shares
Focus Partners Wealth $3,480,943 205,358 0.23% Shares
BAMCO INC /NY/ $3,236,467 190,942 0.21% Shares
Ellis Investment Partners, LLC $3,194,580 188,470 0.21% Shares
Baker Avenue Asset Management, LP $3,149,875 185,833 0.21% Shares
GABELLI FUNDS LLC $3,135,750 185,000 0.21% Shares
Edgestream Partners, L.P. $3,009,710 177,564 0.20% Shares
TWO SIGMA INVESTMENTS, LP $3,000,726 177,034 0.20% Shares
DEUTSCHE BANK AG\ $2,822,141 166,498 0.19% Shares
Nuveen Asset Management, LLC $2,795,297 160,557 0.18% Shares
PRUDENTIAL FINANCIAL INC $2,792,174 164,730 0.18% Shares
TUDOR INVESTMENT CORP ET AL $2,698,559 159,207 0.18% Shares
VANGUARD ASSET MANAGEMENT, Ltd $2,674,405 157,782 0.18% Shares
Carmel Capital Partners, LLC $2,496,125 147,264 0.16% Shares
JANE STREET GROUP, LLC $2,484,870 146,600 0.16% Call option
Russell Investments Group, Ltd. $2,381,644 140,510 0.16% Shares
BlackRock, Inc. $2,324,777 137,155 0.15% Shares
CITADEL ADVISORS LLC $2,317,065 136,700 0.15% Put option
ExodusPoint Capital Management, LP $2,292,928 135,276 0.15% Shares
HighTower Advisors, LLC $2,205,127 130,096 0.15% Shares
VOYA INVESTMENT MANAGEMENT LLC $2,174,278 128,276 0.14% Shares
Corient Private Wealth LP $2,153,632 127,059 0.14% Shares
GROUP ONE TRADING LLC $2,045,340 120,669 0.13% Shares
BROWN BROTHERS HARRIMAN & CO $1,978,557 116,729 0.13% Shares
CITADEL ADVISORS LLC $1,889,417 111,470 0.12% Shares
North Ground Capital $1,803,480 106,400 0.12% Shares
Northeast Financial Consultants Inc $1,732,500 90,000 0.11% Shares
RAYMOND JAMES FINANCIAL INC $1,698,384 100,200 0.11% Shares
One William Street Capital Management, L.P. $1,695,000 100,000 0.11% Shares
Quantinno Capital Management LP $1,683,700 99,333 0.11% Shares
WOLVERINE TRADING, LLC $1,676,250 89,400 0.11% Call option
Parallel Advisors, LLC $1,658,056 97,820 0.11% Shares
OSAIC HOLDINGS, INC. $1,615,829 95,324 0.11% Shares
CIBC WORLD MARKET INC. $1,528,246 90,162 0.10% Shares
State of New Jersey Common Pension Fund D $1,510,652 89,124 0.10% Shares
WOLFF WIESE MAGANA LLC $1,401,443 82,681 0.09% Shares
Illinois Municipal Retirement Fund $1,399,426 82,562 0.09% Shares
JANUS HENDERSON GROUP PLC $1,365,613 71,330 0.09% Shares
Cetera Investment Advisers $1,299,811 76,685 0.09% Shares
SEI INVESTMENTS CO $1,274,150 75,171 0.08% Shares
Argosy-Lionbridge Management, LLC $1,263,199 74,525 0.08% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $1,226,688 72,371 0.08% Shares
MORGAN STANLEY $1,200,939 70,851 0.08% Shares
Louisiana State Employees Retirement System $1,161,075 68,500 0.08% Shares
BRADLEY FOSTER & SARGENT INC/CT $1,156,837 68,250 0.08% Shares
BNP PARIBAS FINANCIAL MARKETS $1,122,344 66,215 0.07% Shares
Invesco Ltd. $1,097,140 64,728 0.07% Shares
State of Tennessee, Department of Treasury $1,074,003 63,363 0.07% Shares
Adalta Capital Management LLC $1,071,887 61,532 0.07% Shares
COMMONWEALTH EQUITY SERVICES, LLC $1,069,487 63,096 0.07% Shares
True North Advisors, LLC $1,067,797 62,997 0.07% Shares
Vanguard Global Advisers, LLC $1,061,223 62,609 0.07% Shares

Company insiders 36 insiders · 12 officers · 22 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Katharine A Keenan CEO & President June 17, 2025 S 236,914 0 0 $0
Stephen D Plavin CEO Dec. 4, 2020 A 407,255 0 0 $0
John R Klopp CEO Oct. 15, 2009 F 445,688 0 0 $0
Marcin Urbaszek Chief Financial Officer June 17, 2026 S 24,824 0 2 $-33,456
Anthony F. Marone JR Chief Financial Officer Dec. 1, 2025 S 62,064 0 1 $-9,806
Paul D Quinlan Chief Financial Officer Jan. 29, 2016 S 22,376 0 0 $0
Geoffrey G Jervis Chief Financial Officer, Treasurer and Assistant Secretary. Exhibit List: Exhibit 24 - Power of Attorney May 29, 2013 P 25,400 0 0 $0
Brian H Oswald Chief Financial Officer Feb. 4, 2005 A 23,583 0 0 $0
Fernando Austin Pena President June 30, 2026 S 72,899 0 2 $-70,424
Douglas N. Armer Executive Vice President June 9, 2022 S 104,741 0 0 $0
Thomas C Ruffing Managing Director Dec. 8, 2020 S 28,872 0 0 $0
Randall S. Rothschild Secretary & Managing Director Dec. 31, 2015 S 15,473 0 0 $0
Chen Yi Hsu Director July 15, 2026 A 11,031 0 0 $0
Nnenna Lynch Director July 15, 2026 A 42,952 0 0 $0
Leonard W Cotton Director July 15, 2026 A 98,827 0 0 $0
Lynne B Sagalyn Director July 15, 2026 A 166,639 0 0 $0
Gilda Perez-Alvarado Director June 26, 2026 A 26,504 0 0 $0
Michael B. Nash Director June 26, 2026 A 558,272 0 0 $0
Thomas E Dobrowski Director Jan. 15, 2025 A 129,354 0 0 $0
Timothy Steven Johnson Director Dec. 15, 2024 A 473,101 0 0 $0
Jonathan Lee Pollack Director Dec. 15, 2023 A 214,683 0 0 $0
Martin L Edelman Director Jan. 13, 2023 A 105,865 0 0 $0
Schreiber John Director Nov. 20, 2015 A 184,082 0 0 $0
Joshua A Polan Director June 30, 2014 A 0 0 0 $0
Samuel Zell Director Dec. 20, 2012 A 171,223 0 0 $0
Edward S. Hyman Director Sept. 20, 2012 A 97,712 0 0 $0
Craig M Hatkoff Director March 31, 2010 A 68,078 0 0 $0
Martin L Edlelman Director March 31, 2009 A 42,407 0 0 $0
Gary R Garrabrant Director June 17, 2004 A 13,500 0 0 $0
Sheli Z Rosenberg Director April 15, 2004 A 13,229 0 0 $0
Weiss Multi-Strategy Advisers LLC 10% owner Oct. 16, 2008 S 2,202,249 0 0 $0
BERKLEY W R CORP 10% owner March 24, 2008 P 3,843,413 0 0 $0
Promark Investment Advisors 10% owner Sept. 29, 2004 C 712,237 0 0 $0
VORNADO REALTY LP 10% owner Sept. 22, 2004 C 1,424,474 0 0 $0
EOP OPERATING LTD PARTNERSHIP 10% owner July 28, 2004 C 0 0 0 $0
Henry N Nassau — Aug. 4, 2026 P 218,523 1 0 $143,400

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 23 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
BLACKSTONE HOLDINGS III L.P., BLACKSTONE HOLDINGS III GP L.P., BLACKSTONE HOLDINGS III GP MANAGEMENT L.L.C., THE BLACKSTONE GROUP INC., BLACKSTONE GROUP MANAGEMENT L.L.C., STEPHEN A. SCHWARZMAN ×7 filings June 17, 2021 — Initial filing — SEC
BLACKSTONE TREASURY HOLDINGS III L.L.C., BLACKSTONE HOLDINGS III L.P., BLACKSTONE HOLDINGS III GP L.P., BLACKSTONE HOLDINGS III GP MANAGEMENT L.L.C., THE BLACKSTONE GROUP INC. (f/k/a THE BLACKSTONE GROUP L.P.), BLACKSTONE GROUP MANAGEMENT L.L.C., STEPHEN A. SCHWARZMAN ×5 filings Nov. 27, 2019 — Initial filing — SEC
W. R. Berkley Corporation, Berkley Insurance Company ×5 filings March 27, 2013 — Initial filing — SEC
Veqtor Finance Company, L.L.C., Samstock, L.L.C., EGI-Properties Fund (08-10), L.L.C., SZ Investments, L.L.C., Zell General Partnership, Inc., Sam Investment Trust, Chai Trust Company, LLC ×4 filings Jan. 4, 2013 — Initial filing — SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Aug. 6, 2007 — Initial filing — SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Aug. 1, 2007 — Initial filing — SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person July 13, 2007 — Initial filing — SEC
Undisclosed reporting person Oct. 4, 2004 — Initial filing Passive investment SEC
Undisclosed reporting person, Undisclosed reporting person Sept. 13, 2004 — Initial filing Board campaign SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Aug. 23, 2004 — Initial filing — SEC
Equity Office Properties Trust, EOP Operating Limited Partnership ×2 filings July 28, 2004 — Initial filing — SEC
Undisclosed reporting person, Undisclosed reporting person June 21, 2004 — Initial filing Board campaign SEC
Undisclosed reporting person, Undisclosed reporting person May 21, 2004 — Initial filing Board campaign SEC
Undisclosed reporting person May 10, 2004 — Initial filing Passive investment SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person May 28, 2003 — Initial filing — SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 61 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
SRET · Global X Funds 3.31% 412,313 NS April 30, 2026 N-PORT
HYIN · WisdomTree Trust 3.09% 86,946 NS May 31, 2026 N-PORT
XSHD · Invesco Exchange-Traded Fund Trust … 2.69% 134,305 Aug. 20, 2026 Daily
RIET · ETF Series Solutions 1.37% 78,513 NS May 31, 2026 N-PORT
SDIV · Global X Funds 0.94% 630,222 NS April 30, 2026 N-PORT
HSMV · First Trust Exchange-Traded Fund III 0.81% 13,002 NS April 30, 2026 N-PORT
XSLV · Invesco Exchange-Traded Fund Trust … 0.68% 116,015 Aug. 20, 2026 Daily
XSVM · Invesco Exchange-Traded Fund Trust 0.55% 251,673 Aug. 20, 2026 Daily
BSJR · Invesco Exchange-Traded Self-Indexe… 0.52% 4,721,000 Aug. 20, 2026 Daily
PSCF · Invesco Exchange-Traded Fund Trust … 0.49% 10,289 Aug. 20, 2026 Daily
XSMO · Invesco Exchange-Traded Fund Trust 0.44% 928,265 Aug. 20, 2026 Daily
VIOV · VANGUARD ADMIRAL FUNDS 0.28% 331,591 SH Aug. 19, 2026 Daily
SMIZ · Zacks Trust 0.25% 35,343 NS May 31, 2026 N-PORT
SMDX · Tidal Trust III 0.21% 14,136 NS April 30, 2026 N-PORT
VTWV · VANGUARD SCOTTSDALE FUNDS 0.17% 139,717 SH Aug. 19, 2026 Daily
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.16% 63,524 NS April 30, 2026 N-PORT
IWN · iShares Trust 0.15% 1,513,564 SH Aug. 20, 2026 Daily
QVMS · Invesco Exchange-Traded Fund Trust … 0.14% 25,388 Aug. 20, 2026 Daily
FNDA · SCHWAB STRATEGIC TRUST 0.14% 692,213 NS May 31, 2026 N-PORT
VIOO · VANGUARD ADMIRAL FUNDS 0.14% 546,768 SH Aug. 19, 2026 Daily
BKSE · BNY Mellon ETF Trust 0.13% 5,600 NS April 30, 2026 N-PORT
SAA · ProShares Trust 0.13% 1,898 NS May 31, 2026 N-PORT
FYT · First Trust Exchange-Traded AlphaDE… 0.12% 11,125 NS April 30, 2026 N-PORT
FYX · First Trust Exchange-Traded AlphaDE… 0.11% 72,310 NS April 30, 2026 N-PORT
RSSL · Global X Funds 0.09% 68,897 NS April 30, 2026 N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS 0.08% 929,594 SH Aug. 19, 2026 Daily
RWJ · Invesco Exchange-Traded Fund Trust … 0.07% 108,152 Aug. 20, 2026 Daily
ITWO · ProShares Trust 0.07% 7,486 NS May 31, 2026 N-PORT
IWM · iShares Trust 0.07% 4,127,207 SH Aug. 20, 2026 Daily
ISCV · iShares Trust 0.07% 34,992 SH Aug. 20, 2026 Daily
EBIT · Harbor ETF Trust 0.06% 387 NS April 30, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.06% 765,041 NS May 31, 2026 N-PORT
OMFS · Invesco Exchange-Traded Self-Indexe… 0.06% 11,381 Aug. 20, 2026 Daily
VBR · VANGUARD INDEX FUNDS 0.05% 1,848,482 SH Aug. 19, 2026 Daily
UWM · ProShares Trust 0.04% 5,855 NS May 31, 2026 N-PORT
GSSC · Goldman Sachs ETF Trust 0.04% 22,838 NS May 31, 2026 N-PORT
ESML · iShares Trust 0.04% 77,515 SH Aug. 20, 2026 Daily
FNCL · FIDELITY COVINGTON TRUST 0.04% 42,682 NS April 30, 2026 N-PORT
ISCB · iShares Trust 0.04% 7,210 SH Aug. 20, 2026 Daily
URTY · ProShares Trust 0.03% 5,925 NS May 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.03% 1,791,892 SH Aug. 19, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.03% 3,673,801 SH Aug. 19, 2026 Daily
VFH · VANGUARD WORLD FUND 0.03% 261,369 SH Aug. 19, 2026 Daily
FAB · First Trust Exchange-Traded AlphaDE… 0.02% 1,731 NS April 30, 2026 N-PORT
WSML · iShares Trust 0.02% 9,736 SH Aug. 20, 2026 Daily
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.02% 6,567 NS May 31, 2026 N-PORT
HDG · ProShares Trust 0.01% 149 NS May 31, 2026 N-PORT
PRF · Invesco Exchange-Traded Fund Trust 0.01% 84,779 Aug. 20, 2026 Daily
FNDB · SCHWAB STRATEGIC TRUST 0.01% 7,975 NS May 31, 2026 N-PORT
SCHB · SCHWAB STRATEGIC TRUST 0.00% 94,911 NS May 31, 2026 N-PORT