CPT Camden Property Trust Common Stock
$108.87
Price · Aug 19, 2026
Fundamentals as of Jul 31, 2026
52W Range
$97–$120
53% of range
Analyst Rating
HOLD
29 analysts
Price Target
$118
+8% upside
P/E (TTM)
30.8
ROE
8.5%
Net Profit Margin
2964.9%
About Camden Property Trust Common Stock Company overview from Wikipedia
Camden Property Trust is a publicly traded real estate investment trust that invests in apartments in the United States. As of December 31, 2023, the company owned interests in 176 apartment communities containing 59,800 apartment homes in the United States. It is the 14th largest owner of apartments in the United States.
Read more
Camden Property Trust is a publicly traded real estate investment trust that invests in apartments in the United States. As of December 31, 2023, the company owned interests in 176 apartment communities containing 59,800 apartment homes in the United States. It is the 14th largest owner of apartments in the United States.
The name of the company is derived from the last names of its founders, Richard J. Campo and D. Keith Oden.
## History
In 1981, Richard J. Campo and D. Keith Oden bought the failing Houston condominium business of their employer and reorganized it into a REIT.
In 1993, the company became a public company via an initial public offering.
In 1997, the company acquired Paragon Group, which owned 17,000 apartment units, in a $615 million transaction.
In 1998, the company acquired Oasis Residential for $542 million in stock and the assumption of $430 million in debt.
In 2005, the company acquired Summit Properties in a $1.1 billion transaction.
In 2011, the company acquired 8 properties in Texas for $261 million.
In 2012, the company purchased the 80% interest held by a joint venture partner in 12 communities for $99.5 million.
In 2016, the company sold its portfolio of properties in Nevada, which included 15 communities with 4,918 apartment units, for $630 million.
In 2022, the company acquired the remaining ownership interests in its joint venture with Teacher Retirement System of Texas.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
CPT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$108.87
Market Cap
$11.36B
P/E (TTM)
30.8
EPS (TTM)
$3.54
Revenue (TTM)
$13M
Div Yield
4.1%
ROE
8.5%
Debt/Equity
—
52W Range
$97 – $120
CPT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$13M
2016-12-31
→
2025-12-31
EPS
$3.54
2016-12-31
→
2025-12-31
Free Cash Flow
—
Margins
2964.9%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
CPT
Peer Median
P/E (TTM)
30.8
35.8
P/S (TTM)
875.7
7.4
P/B
2.6
2.6
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
CPT
Peer Median
Net Profit Margin
2964.9%
24.7%
ROA
4.3%
4.2%
ROE
8.5%
8.1%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
CPT
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
CPT
Peer Median
Revenue YoY
81.7%
—
Revenue CAGR 3Y
35.7%
—
Revenue CAGR 5Y
3.7%
—
EPS YoY
136.0%
—
Net Income YoY
135.4%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
CPT
Peer Median
Payout Ratio
119.9%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
4.1%
Payout Ratio
119.9%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 30, 2026 | $1.0600 |
| March 31, 2026 | $1.0600 |
| Dec. 17, 2025 | $1.0500 |
| Sept. 30, 2025 | $1.0500 |
| June 30, 2025 | $1.0500 |
| March 31, 2025 | $1.0500 |
| Dec. 18, 2024 | $1.0300 |
| Sept. 30, 2024 | $1.0300 |
| June 28, 2024 | $1.0300 |
| March 27, 2024 | $1.0300 |
| Dec. 14, 2023 | $1.0000 |
| Sept. 28, 2023 | $1.0000 |
| June 29, 2023 | $1.0000 |
| March 30, 2023 | $1.0000 |
| Dec. 15, 2022 | $0.9400 |
| Sept. 29, 2022 | $0.9400 |
| June 29, 2022 | $0.9400 |
| March 30, 2022 | $0.9400 |
| Dec. 15, 2021 | $0.8300 |
| Sept. 29, 2021 | $0.8300 |
CPT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
HOLD
29 analysts
- Strong Buy 6 20.7%
- Buy 4 13.8%
- Hold 16 55.2%
- Sell 3 10.3%
- Strong Sell 0 0.0%
12-Month Price Target
21 analysts · 2026-08-15
Median
$119.00
Now
$108.87
Low
$105.00
High
$134.00
Median target
$119.00
+9.3%
Mean target
$117.73
+8.1%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.33%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.18 | $0.21 | -0.03% |
| March 31, 2026 | $0.40 | $0.28 | 0.12% |
| Dec. 31, 2025 | $1.44 | $0.28 | 1.2% |
| Sept. 30, 2025 | $1.00 | $0.29 | 0.71% |
| June 30, 2025 | $0.31 | $0.31 | -0.00% |
| March 31, 2025 | $0.36 | $0.34 | 0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CPT | $11.48B | 31.1 | 81.7% | 2964.9% | 8.5% | — |
| AVB | $25.40B | 24.5 | 4.4% | — | — | — |
| EQR | $23.82B | 21.4 | — | — | 10.1% | — |
| ESS | $16.86B | 25.2 | 6.4% | 37.2% | 12.7% | 69.9% |
| MAA | $16.24B | 36.7 | 0.83% | 20.2% | 7.7% | — |
| UDR | $12.04B | 32.5 | 2.4% | 22.1% | 11.2% | — |
| IRT | $4.15B | 72.8 | 2.8% | 8.6% | 1.6% | — |
| CSR | $1.12B | 65.4 | 4.9% | 6.2% | 2.3% | — |
| NXRT | $763M | -23.9 | -3.2% | -12.8% | -9.1% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13M | $7M | $3M | $5M | $11M | $11M | $9M | $7M | $8M | $876M | |
| Cost of Revenue | $567M | $559M | $549M | $498M | $417M | $395M | $366M | $344M | $329M | · | |
| SG&A Expense | $79M | $72M | $63M | $60M | $59M | $54M | $53M | $51M | $51M | $47M | |
| Interest Expense | $138M | $130M | $133M | $113M | $97M | $92M | $81M | $84M | $87M | $93M | |
| Income Tax | $4M | $3M | $4M | · | · | · | · | · | · | · | |
| Net Income | $384M | $163M | $403M | $654M | $304M | $124M | $220M | $156M | $196M | $820M | |
| EPS (Basic) | $3.54 | $1.50 | $3.71 | $6.07 | $2.97 | $1.24 | $2.23 | $1.63 | $2.14 | $9.08 | |
| EPS (Diluted) | $3.54 | $1.50 | $3.70 | $6.04 | $2.96 | $1.24 | $2.22 | $1.63 | $2.13 | $9.05 | |
| Shares (Basic) | 108,376,000 | 108,491,000 | 108,653,000 | 107,605,000 | 101,999,000 | 99,385,000 | 98,460,000 | 95,208,000 | 91,499,000 | 89,580,000 | |
| Shares (Diluted) | 108,434,000 | 108,539,000 | 109,399,000 | 108,388,000 | 102,829,000 | 99,438,000 | 99,384,000 | 95,366,000 | 92,515,000 | 89,903,000 | |
| EBITDA | $611M | $582M | $575M | $577M | $421M | $367M | · | $301M | $264M | $250M |
Balance Sheet 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $25M | $21M | $260M | $11M | $613M | $420M | $23M | $34M | $368M | $237M | |
| Short-term Investments | · | · | · | · | · | · | · | · | $0 | $100M | |
| Total Assets | $9.04B | $8.85B | $9.38B | $9.33B | $7.98B | $7.20B | $6.75B | $6.22B | $6.17B | $6.03B | |
| Total Liabilities | $4.60B | $4.10B | $4.33B | $4.27B | $3.71B | $3.68B | $3.05B | $2.78B | $2.61B | $2.86B | |
| Long-term Debt | $3.90B | $3.49B | $3.72B | $3.68B | $3.17B | $3.17B | $2.52B | $2.32B | $2.20B | $2.48B | |
| Treasury Stock | $620M | $360M | $320M | $329M | $334M | $341M | $348M | $356M | $364M | $373M | |
| AOCI | $2M | $974.0K | $-1M | $-2M | $-4M | $-5M | $-7M | $7M | $-57.0K | $-2M | |
| Stockholders' Equity | $4.36B | $4.68B | $4.98B | $4.99B | $4.20B | $3.44B | $3.63B | $3.31B | $3.41B | $3.01B | |
| Liabilities + Equity | $9.04B | $8.85B | $9.38B | $9.33B | $7.98B | $7.20B | $6.75B | $6.22B | $6.17B | $6.03B | |
| Shares Outstanding | 104,300,000 | 106,700,000 | 106,800,000 | 106,500,000 | 103,300,000 | 97,400,000 | 97,200,000 | 93,200,000 | 92,700,000 | 87,500,000 |
Cash Flow 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $611M | $582M | $575M | $577M | $421M | $367M | $336M | $301M | $264M | $250M | |
| Stock-based Comp | $17M | $15M | $15M | $13M | $15M | $14M | $15M | $17M | $18M | $20M | |
| Amort. of Intangibles | $16M | · | $50M | $50M | $22M | $9M | $10M | $9M | $1M | $0 | |
| Other Non-cash | $-186M | $14M | $-198M | $-499M | $-163M | $14M | · | $39M | $-48M | $-647M | |
| Operating Cash Flow | $827M | $775M | $795M | $745M | $577M | $519M | $556M | $504M | $435M | $443M | |
| Investing Cash Flow | $-500M | $-285M | $-127M | $-1.46B | $-804M | $-430M | $-792M | $-641M | $-190M | $690M | |
| Stock Issued | · | $0 | $0 | $517M | $759M | $0 | $353M | $0 | $445M | $0 | |
| Stock Repurchased | $271M | $50M | $0 | $0 | · | · | · | · | · | · | |
| Net Stock Activity | $-271M | $-50M | $0 | $517M | $759M | $0 | · | $0 | $445M | $0 | |
| Dividends Paid | $461M | $451M | $435M | $397M | $343M | $333M | $317M | $298M | $281M | $663M | |
| Financing Cash Flow | $-322M | $-725M | $-417M | $110M | $421M | $307M | $221M | $-197M | $-113M | $-904M | |
| Net Change in Cash | $5M | $-236M | $251M | $-602M | $194M | $397M | $-16M | $-334M | $132M | $229M |
Profitability 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 2964.9% | 2288.0% | 11686.7% | 12598.5% | 2885.6% | 1147.3% | · | 16.4% | · | · | |
| EBITDA Margin | 4712.1% | 8154.9% | 16656.4% | 11122.2% | 3994.4% | 3399.6% | · | 31.5% | · | · | |
| ROA | 4.3% | 1.8% | 4.3% | 7.5% | 4.0% | 1.8% | · | 2.5% | 3.2% | 13.6% | |
| ROE | 8.5% | 3.4% | 8.1% | 14.2% | 8.0% | 3.5% | · | 4.7% | 6.1% | 28.1% |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | 0.2 | · | · |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 81.7% | 106.8% | -33.5% | -50.7% | -2.5% | · | · | · | · | · | |
| Revenue CAGR 3Y | 35.7% | -12.2% | -31.6% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 3.7% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 136.0% | -59.5% | -38.7% | 104.0% | 138.7% | · | · | · | · | · | |
| EPS CAGR 3Y | -16.3% | -20.3% | 44.0% | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 23.3% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 135.4% | -59.5% | -38.3% | 115.1% | 145.3% | · | · | · | · | · | |
| Net Income CAGR 3Y | -16.2% | -18.7% | 48.2% | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 25.4% | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 6.7% | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $13M | $7M | $3M | $5M | $11M | $11M | $9M | $7M | $8M | $876M | |
| Net Income TTM | $384M | $163M | $403M | $654M | $304M | $124M | $220M | $156M | $196M | $820M | |
| Market Cap | $11.48B | $12.38B | $10.60B | $11.92B | $18.46B | $9.73B | · | $8.21B | $8.53B | $7.36B | |
| P/E | 31.1 | 77.4 | 26.8 | 18.5 | 60.4 | 80.6 | 47.8 | 54.0 | 43.2 | 9.3 | |
| P/S | 885.4 | 1734.8 | 3072.8 | 2296.7 | 1752.5 | 901.1 | · | 1134.9 | 1043.8 | 8.4 | |
| P/B | 2.6 | 2.6 | 2.1 | 2.4 | 4.4 | 2.8 | · | 2.5 | 2.5 | 2.4 | |
| P / Tangible Book | 2.6 | 2.6 | 2.1 | 2.4 | 4.4 | 2.8 | · | · | · | · | |
| P / Cash Flow | 13.9 | 16.0 | 13.3 | 16.0 | 32.0 | 18.7 | · | 16.3 | 19.6 | 16.6 | |
| Dividend Yield | 4.0% | 3.6% | 4.1% | 3.3% | 1.9% | 3.4% | · | 3.6% | 3.3% | 9.0% | |
| Earnings Yield | 3.2% | 1.3% | 3.7% | 5.4% | 1.7% | 1.2% | 2.1% | 1.8% | 2.3% | 10.8% | |
| Payout Ratio | 119.9% | 276.2% | 107.8% | 60.7% | 112.9% | 269.0% | · | 190.9% | 142.9% | 80.9% | |
| Annual Payout | $461M | $451M | $435M | $397M | $343M | $333M | $317M | $298M | $281M | $663M |
Income Statement 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3M | $2M | $5M | $3M | $3M | $2M | $2M | $2M | $3M | $1M | $1M | $1M | $718.0K | $578.0K | $931.0K | $617.0K | |
| SG&A Expense | $22M | $15M | $20M | $20M | $19M | $17M | $19M | $19M | $18M | $17M | $16M | $16M | $16M | $15M | $16M | $14M | |
| Operating Expenses | $141M | $140M | · | $146M | $144M | $139M | · | $143M | $139M | $139M | · | $140M | $138M | $135M | · | $133M | |
| Interest Expense | $41M | $37M | $34M | $35M | $35M | $34M | $33M | $32M | $32M | $33M | $34M | $33M | $34M | $33M | $31M | $29M | |
| Other Non-op | $-400.0K | $-61M | · | · | $-2M | $-2M | · | · | · | · | · | · | · | · | · | · | |
| Net Income | $19M | $42M | $156M | $109M | $81M | $39M | $41M | $-4M | $43M | $84M | $222M | $48M | $91M | $42M | $46M | $30M | |
| EPS (Basic) | $0.18 | $0.40 | $1.44 | $1.00 | $0.74 | $0.36 | $0.37 | $-0.04 | $0.40 | $0.77 | $2.04 | $0.44 | $0.84 | $0.39 | $0.44 | $0.27 | |
| EPS (Diluted) | $0.18 | $0.40 | $1.44 | $1.00 | $0.74 | $0.36 | $0.37 | $-0.04 | $0.40 | $0.77 | $2.03 | $0.44 | $0.84 | $0.39 | $0.47 | $0.27 | |
| Shares (Basic) | 102,342,000 | 104,826,000 | -217,314,000 | 108,524,000 | 108,636,000 | 108,530,000 | -217,047,000 | 108,426,000 | 108,406,000 | 108,706,000 | -217,261,000 | 108,683,000 | 108,663,000 | 108,568,000 | -214,303,000 | 108,466,000 | |
| Shares (Diluted) | 102,363,000 | 104,899,000 | -218,143,000 | 108,580,000 | 109,400,000 | 108,597,000 | -217,040,000 | 108,426,000 | 108,424,000 | 108,729,000 | -217,303,000 | 108,706,000 | 109,392,000 | 108,604,000 | -216,015,000 | 108,506,000 | |
| EBITDA | · | $150M | · | · | · | $149M | · | · | · | $145M | · | · | · | $142M | · | · |
Balance Sheet 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $45M | $41M | $25M | $26M | $33M | $26M | $21M | $31M | $94M | $93M | $260M | $15M | $20M | $20M | $11M | $62M | |
| Total Assets | $9.46B | $9.06B | $9.04B | $9.06B | $9.12B | $8.99B | $8.85B | $8.95B | $9.08B | $9.10B | · | $9.21B | $9.26B | $9.30B | · | $9.41B | |
| Short-term Debt | $600M | $600M | · | $600M | $600M | $600M | · | · | · | · | · | · | · | · | · | · | |
| Total Liabilities | $5.58B | $4.95B | $4.60B | $4.44B | $4.46B | $4.31B | $4.10B | $4.13B | $4.15B | $4.11B | · | $4.28B | $4.27B | $4.29B | · | $4.31B | |
| Long-term Debt | $4.85B | $4.25B | $3.90B | $3.74B | $3.83B | $3.74B | · | $3.45B | $3.55B | $3.55B | · | $3.65B | $3.68B | $3.75B | · | $3.69B | |
| Total Debt | $600M | $600M | · | $600M | $600M | $600M | · | · | · | · | · | · | · | · | · | · | |
| Treasury Stock | $1.03B | $886M | $620M | $400M | $350M | $351M | $360M | $360M | $360M | $357M | · | $321M | $321M | $321M | · | $329M | |
| AOCI | $3M | $3M | $2M | $2M | $2M | $1M | $974.0K | $641.0K | $283.0K | $-78.0K | · | $-699.0K | $-1M | $-1M | · | $-3M | |
| Stockholders' Equity | $3.80B | $4.03B | $4.36B | $4.54B | $4.59B | $4.61B | $4.68B | $4.74B | $4.86B | $4.92B | · | $4.86B | $4.92B | $4.93B | · | $5.04B | |
| Liabilities + Equity | $9.46B | $9.06B | $9.04B | $9.06B | $9.12B | $8.99B | $8.85B | $8.95B | $9.08B | $9.10B | · | $9.21B | $9.26B | $9.30B | · | $9.41B | |
| Shares Outstanding | 100,500,000 | 101,900,000 | 104,300,000 | 106,400,000 | 106,900,000 | 106,800,000 | · | 106,700,000 | 106,600,000 | 106,600,000 | · | 106,800,000 | 106,800,000 | 106,800,000 | · | 106,500,000 |
Cash Flow 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $157M | $150M | $150M | $159M | $152M | $149M | $145M | $146M | $146M | $145M | $145M | $144M | $143M | $142M | $147M | $159M | |
| Stock-based Comp | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $3M | $4M | $4M | $3M | $4M | $3M | $3M | |
| Amort. of Intangibles | $5M | $1M | $2M | $6M | $5M | $2M | · | · | · | · | · | · | · | · | · | $19M | |
| Other Non-cash | · | $-48M | · | · | · | $-44M | · | · | · | $-96M | · | · | · | $-48M | · | · | |
| Operating Cash Flow | $212M | $148M | $197M | $251M | $231M | $148M | $152M | $262M | $225M | $136M | $192M | $236M | $227M | $140M | $168M | $246M | |
| Investing Cash Flow | $-599M | $-20M | $-21M | $-5M | $-198M | $-276M | $-89M | $-96M | $-107M | $7M | $114M | $-101M | $-46M | $-94M | $-108M | $-94M | |
| Stock Issued | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $0 | $0 | $0 | |
| Stock Repurchased | $170M | $263M | $221M | $50M | $0 | $0 | $0 | $0 | $4M | $46M | $0 | $0 | $0 | $0 | · | · | |
| Net Stock Activity | · | $-263M | · | · | · | $0 | · | · | · | $-46M | · | · | · | $0 | · | · | |
| Dividends Paid | $112M | $115M | $115M | $116M | $116M | $114M | $114M | $114M | $114M | $110M | $110M | $110M | $110M | $104M | $104M | $104M | |
| Financing Cash Flow | $316M | $-35M | $-176M | $-253M | $-26M | $133M | $-73M | $-226M | $-117M | $-310M | $-60M | $-141M | $-179M | $-36M | $-111M | $-163M | |
| Net Change in Cash | $-72M | $93M | $-67.0K | $-7M | $7M | $6M | $-10M | $-60M | $978.0K | $-167M | $245M | $-6M | $2M | $10M | $-51M | $-10M |
Profitability 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 600.1% | 1980.8% | · | 4246.9% | 3063.8% | 1561.0% | · | -246.3% | 1646.8% | 6533.4% | · | 4453.4% | 12687.9% | 7252.1% | · | 4836.9% | |
| EBITDA Margin | · | 6999.5% | · | · | · | 6001.3% | · | · | · | 11277.4% | · | · | · | 24644.3% | · | · | |
| ROA | 0.20% | 0.47% | · | 1.2% | 0.89% | 0.43% | · | -0.05% | 0.47% | 0.91% | · | 0.51% | 0.97% | 0.47% | · | 0.35% | |
| ROE | 0.45% | 0.98% | · | 2.4% | 1.7% | 0.81% | · | -0.09% | 0.88% | 1.7% | · | 0.97% | 1.8% | 0.92% | · | 0.67% |
Liquidity & Solvency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.2 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | · | · | · | · | · | · | · | · | · |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $10M | $10M | · | $9M | $9M | $8M | · | $7M | $6M | $4M | · | $3M | $3M | $5M | · | $8M | |
| Net Income TTM | $251M | $271M | · | $224M | $158M | $161M | · | $171M | $266M | $265M | · | $211M | $660M | $650M | · | $637M | |
| Market Cap | $11.51B | $9.95B | · | $11.36B | $12.05B | $13.06B | · | $13.18B | $11.63B | $10.49B | · | $10.10B | $11.63B | $11.20B | · | $12.72B | |
| Enterprise Value | $12.06B | $10.51B | · | $11.94B | $12.61B | $13.64B | · | · | · | · | · | · | · | · | · | · | |
| P/E | 49.3 | 39.1 | · | 51.8 | 77.2 | 82.1 | · | 78.7 | 44.5 | 40.3 | · | 48.8 | 18.0 | 17.6 | · | 20.4 | |
| P/S | 1098.8 | 1012.6 | · | 1209.7 | 1277.1 | 1615.7 | · | 1974.9 | 2045.9 | 2868.3 | · | 3378.3 | 3747.1 | 2315.8 | · | 1695.1 | |
| P/B | 3.0 | 2.5 | · | 2.5 | 2.6 | 2.8 | · | 2.8 | 2.4 | 2.1 | · | 2.1 | 2.4 | 2.3 | · | 2.5 | |
| P / Tangible Book | 3.0 | 2.5 | · | 2.5 | 2.6 | 2.8 | · | 2.8 | 2.4 | 2.1 | · | 2.1 | 2.4 | 2.3 | · | 2.5 | |
| P / Cash Flow | · | 67.2 | · | · | · | 88.1 | · | · | · | 77.2 | · | · | · | 80.1 | · | · | |
| EV / EBITDA | · | 70.1 | · | · | · | 91.4 | · | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | 1151.8 | 1069.5 | · | 1270.8 | 1337.2 | 1686.7 | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 2.0% | 2.6% | · | 1.9% | 1.3% | 1.2% | · | 1.3% | 2.2% | 2.5% | · | 2.1% | 5.5% | 5.7% | · | 4.9% | |
| Payout Ratio | · | 270.8% | · | · | · | 292.5% | · | · | · | 131.6% | · | · | · | 247.1% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $13M | $7M | $3M | $5M | $11M |
| Net Income | $384M | $163M | $403M | $654M | $304M |
| Diluted EPS | $3.54 | $1.50 | $3.70 | $6.04 | $2.96 |
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
My Metrics Your personal watchlist — selected rows from Full Fundamentals
📊
Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Institutional owners (13F) 609 filers · $8.1B 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 |
|---|---|---|---|---|
| 72 (+5 vs prior Q) | 55 (-16 vs prior Q) | 187 (+19 vs prior Q) | 205 (-31 vs prior Q) | +15.2M |
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 PORTFOLIO MANAGEMENT LLC | $955,362,492 | 8,344,506 | 11.86% | Shares |
| STATE STREET CORP | $751,452,602 | 6,503,833 | 9.33% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $751,131,108 | 6,560,670 | 9.32% | Shares |
| VIKING GLOBAL INVESTORS LP | $516,728,060 | 4,513,303 | 6.41% | Shares |
| FMR LLC | $446,783,986 | 3,902,384 | 5.54% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $377,400,436 | 3,296,362 | 4.68% | Shares |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | $321,792,234 | 2,810,658 | 3.99% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $291,972,994 | 2,555,047 | 3.62% | Shares |
| MAVERICK CAPITAL LTD | $195,466,487 | 1,707,280 | 2.43% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $167,680,108 | 1,464,583 | 2.08% | Shares |
| TWO SIGMA INVESTMENTS, LP | $151,656,316 | 1,324,625 | 1.88% | Shares |
| NORGES BANK | $146,710,692 | 1,281,428 | 1.82% | Shares |
| JENNISON ASSOCIATES LLC | $134,977,415 | 1,178,945 | 1.68% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $131,534,241 | 1,148,871 | 1.63% | Shares |
| GOLDMAN SACHS GROUP INC | $115,452,402 | 1,008,406 | 1.43% | Shares |
| Holocene Advisors, LP | $113,771,804 | 993,727 | 1.41% | Shares |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | $80,316,567 | 701,516 | 1.00% | Shares |
| Starwood Capital Group Management, L.L.C. | $79,654,013 | 695,729 | 0.99% | Shares |
| Resolution Capital Ltd | $76,480,236 | 668,008 | 0.95% | Shares |
| Quantinno Capital Management LP | $70,640,448 | 617,001 | 0.88% | Shares |
| VANGUARD GROUP INC | $65,577,628 | 595,727 | 0.81% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $64,642,657 | 564,614 | 0.80% | Shares |
| CORDA Investment Management, LLC. | $49,659,905 | 433,749 | 0.62% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $48,400,075 | 422,745 | 0.60% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $47,279,219 | 412,955 | 0.59% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $45,921,939 | 401,100 | 0.57% | Shares |
| State of Tennessee, Department of Treasury | $45,833,439 | 400,327 | 0.57% | Shares |
| Nuveen, LLC | $42,944,191 | 375,091 | 0.53% | Shares |
| BlackRock, Inc. | $42,415,912 | 370,477 | 0.53% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $42,264,658 | 369,834 | 0.52% | Shares |
| Solel Partners LP | $41,920,514 | 366,150 | 0.52% | Shares |
| FIRST TRUST ADVISORS LP | $36,912,194 | 322,406 | 0.46% | Shares |
| BANK OF AMERICA CORP /DE/ | $35,442,669 | 309,570 | 0.44% | Shares |
| APG Asset Management US Inc. | $30,607,453 | 264,633 | 0.38% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $30,244,000 | 264,159 | 0.38% | Shares |
| Boston Trust Walden Corp | $29,980,351 | 261,860 | 0.37% | Shares |
| Gotham Asset Management, LLC | $29,861,969 | 260,826 | 0.37% | Shares |
| Apollo Management Holdings, L.P. | $28,096,991 | 245,410 | 0.35% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $27,812,598 | 242,926 | 0.35% | Shares |
| Investure, LLC | $27,219,769 | 237,748 | 0.34% | Shares |
| Nixon Capital, LLC | $26,319,992 | 229,889 | 0.33% | Shares |
| DAVIDSON INVESTMENT ADVISORS | $25,066,860 | 218,944 | 0.31% | Shares |
| NATIXIS | $24,110,220 | 210,588 | 0.30% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $24,095,222 | 210,457 | 0.30% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $23,873,684 | 208,522 | 0.30% | Shares |
| Vanguard Global Advisers, LLC | $23,747,058 | 207,416 | 0.29% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $23,634,600 | 206,434 | 0.29% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $22,392,412 | 195,584 | 0.28% | Shares |
| Swiss National Bank | $22,256,856 | 194,400 | 0.28% | Shares |
| CRAMER ROSENTHAL MCGLYNN LLC | $22,181,980 | 193,746 | 0.28% | Shares |
| Nuveen Asset Management, LLC | $22,114,207 | 190,574 | 0.27% | Shares |
| RHUMBLINE ADVISERS | $21,271,710 | 185,796 | 0.26% | Shares |
| Long Pond Capital, LP | $20,898,776 | 182,538 | 0.26% | Shares |
| HEARTLAND ADVISORS INC | $20,819,778 | 181,848 | 0.26% | Shares |
| TWO SIGMA ADVISERS, LP | $20,188,672 | 183,400 | 0.25% | Shares |
| California Public Employees Retirement System | $19,571,035 | 170,941 | 0.24% | Shares |
| BARCLAYS PLC | $19,179,479 | 167,521 | 0.24% | Shares |
| Arax Advisory Partners | $17,513,132 | 152,966 | 0.22% | Shares |
| TOWN LANE MANAGEMENT LP | $17,253,643 | 150,700 | 0.21% | Shares |
| CIBC Asset Management Inc | $16,831,747 | 147,015 | 0.21% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $16,395,426 | 143,204 | 0.20% | Shares |
| Asset Management One Co., Ltd. | $16,372,699 | 167,650 | 0.20% | Shares |
| Empyrean Capital Partners, LP | $15,685,130 | 137,000 | 0.19% | Shares |
| Argosy-Lionbridge Management, LLC | $14,900,416 | 130,146 | 0.18% | Shares |
| Corient Private Wealth LP | $14,035,668 | 122,592 | 0.17% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $13,439,030 | 117,470 | 0.17% | Shares |
| ALLIANCEBERNSTEIN L.P. | $13,364,380 | 136,846 | 0.17% | Shares |
| Fayez Sarofim & Co | $13,102,236 | 114,440 | 0.16% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $12,958,665 | 113,186 | 0.16% | Shares |
| AMERIPRISE FINANCIAL INC | $12,831,424 | 112,024 | 0.16% | Shares |
| WATERFALL ASSET MANAGEMENT, LLC | $12,788,991 | 111,704 | 0.16% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $12,594,815 | 110,008 | 0.16% | Shares |
| Squarepoint Ops LLC | $12,287,868 | 107,327 | 0.15% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $12,053,490 | 123,423 | 0.15% | Shares |
| State of New Jersey Common Pension Fund D | $11,816,170 | 103,207 | 0.15% | Shares |
| Allianz Asset Management GmbH | $11,399,655 | 99,569 | 0.14% | Shares |
| MACQUARIE GROUP LTD | $11,377,673 | 99,377 | 0.14% | Shares |
| AMERICAN CENTURY COMPANIES INC | $11,031,112 | 96,350 | 0.14% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $10,963,219 | 95,757 | 0.14% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $10,817,015 | 94,480 | 0.13% | Shares |
| U.S. Capital Wealth Advisors, LLC | $10,689,131 | 109,452 | 0.13% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $10,634,175 | 92,883 | 0.13% | Shares |
| Calamos Advisors LLC | $10,543,957 | 92,095 | 0.13% | Shares |
| Toroso Investments, LLC | $10,298,865 | 93,558 | 0.13% | Shares |
| Vanguard Investments Australia, Ltd. | $10,289,216 | 89,870 | 0.13% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $10,173,123 | 88,856 | 0.13% | Shares |
| CHILTON CAPITAL MANAGEMENT LLC | $10,089,367 | 87,439 | 0.13% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $10,012,379 | 87,452 | 0.12% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $9,957,997 | 86,977 | 0.12% | Shares |
| Davis Selected Advisers | $9,859,879 | 86,120 | 0.12% | Shares |
| TUDOR INVESTMENT CORP ET AL | $9,569,990 | 83,588 | 0.12% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $9,351,314 | 81,678 | 0.12% | Shares |
| Retirement Systems of Alabama | $9,019,980 | 78,784 | 0.11% | Shares |
| Legal & General Group Plc | $8,950,712 | 78,179 | 0.11% | Shares |
| Fielder Capital Group LLC | $8,942,378 | 78,106 | 0.11% | Shares |
| UBS Group AG | $8,901,483 | 77,749 | 0.11% | Shares |
| FIRST NATIONAL BANK OF OMAHA | $8,753,742 | 75,440 | 0.11% | Shares |
| Hazelview Securities Inc. | $8,668,175 | 73,929 | 0.11% | Shares |
| Socorro Asset Management LP | $7,956,941 | 69,499 | 0.10% | Shares |
| Amundi | $7,844,168 | 68,514 | 0.10% | Shares |
Company insiders 33 insiders · 16 officers · 16 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Alexander J. Jessett | President & CFO | Feb. 25, 2026 A | 158,880 | 0 | 1 | $-617,226 |
| Dennis Steen | Senior VP, Finance and CFO | May 16, 2013 M | 61,931 | 0 | 0 | $0 |
| STEWART H MALCOLM | President & COO | Dec. 8, 2021 S | 55,932 | 0 | 0 | $0 |
| Laurie Baker | EVP - Chief Operating Officer | Feb. 25, 2026 A | 107,970 | 0 | 5 | $-309,838 |
| Kevin J. Necas Jr. | SVP - Chief Accounting Officer | July 2, 2026 A | 4,131 | 0 | 0 | $0 |
| CAMPO RICHARD J | Executive Chairman | June 5, 2026 S | 297,437 | 0 | 4 | $-8,163,528 |
| Gallagher Michael P | Chief Accounting Officer | Feb. 25, 2026 A | 43,674 | 0 | 1 | $-18,325 |
| ODEN D KEITH | Executive Vice Chairman | Feb. 25, 2026 A | 543,794 | 0 | 0 | $0 |
| William W. Sengelmann | EVP - Real Estate Investments | Feb. 21, 2024 A | 90,987 | 0 | 0 | $0 |
| Kristy P. Simonette | Senior VP - Strategic Services | Nov. 4, 2014 M | 39,768 | 0 | 0 | $0 |
| Thomas H Sloan | SVP, Operations | Sept. 15, 2014 S | 24,435 | 0 | 0 | $0 |
| Stephen R. Hefner | SVP - Construction | Sept. 15, 2014 S | 43,942 | 0 | 0 | $0 |
| Cynthia B. Scharringhausen | SVP - Human Resources | May 29, 2014 S | 60,288 | 0 | 0 | $0 |
| Robert J Fisher | SVP & General Counsel | April 7, 2014 S | 21,289 | 0 | 0 | $0 |
| Steve Eddington | Senior VP, Operations | May 12, 2010 M | 59,004 | 0 | 0 | $0 |
| MALKHASSIAN ALISON L | Sr. VP, Portfolio Managment | Oct. 7, 2003 S | 21,370 | 0 | 0 | $0 |
| Renu Khator | Director | May 8, 2026 A | 21,271 | 0 | 0 | $0 |
| Heather J. Brunner | Director | May 8, 2026 A | 12,712 | 0 | 1 | $-230,788 |
| Frances Aldrich Sevilla-Sacasa | Director | May 8, 2026 A | 24,388 | 0 | 0 | $0 |
| Mark Gibson | Director | May 8, 2026 A | 14,677 | 0 | 0 | $0 |
| Javier Benito | Director | May 8, 2026 A | 10,379 | 0 | 1 | $-11,079 |
| Scott S Ingraham | Director | May 8, 2026 A | 70,692 | 0 | 0 | $0 |
| Kelvin R Westbrook | Director | May 8, 2026 A | 31,492 | 0 | 1 | $-244,060 |
| Steven A Webster | Director | May 8, 2026 A | 120,170 | 0 | 1 | $-16,814 |
| William F Paulsen | Director | Aug. 13, 2021 M | 4,156 | 0 | 0 | $0 |
| William B Mcguire | Director | Aug. 2, 2019 S | 0 | 0 | 0 | $0 |
| PARKER F GARDNER | Director | March 21, 2017 S | 12,074 | 0 | 0 | $0 |
| LEVEY LEWIS A | Director | Jan. 4, 2017 M | 6,790 | 0 | 0 | $0 |
| COOPER WILLIAM A | Director | May 3, 2010 A | 14,148 | 0 | 0 | $0 |
| HRDLICKA GEORGE A | Director | May 2, 2006 A | 4,673 | 0 | 0 | $0 |
| STICHTING PENSIOENFONDS ABP | 10% owner | Nov. 5, 2003 P | 4,234,800 | 0 | 0 | $0 |
| Kimberly Callahan | — | March 25, 2014 S | 27,230 | 0 | 0 | $0 |
| HINTON JAMES M | — | June 11, 2007 M | 25,580 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 3 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 |
|---|---|---|---|---|---|
| Undisclosed reporting person | Jan. 9, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person | April 16, 2002 | — | Initial filing | — | SEC |
| Undisclosed reporting person | April 4, 2002 | — | 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 136 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 |
|---|---|---|---|---|
| HAUS · Tidal Trust I | 4.07% | 3,331 NS | April 30, 2026 | N-PORT |
| PSR · Invesco Actively Managed Exchange-T… | 3.77% | 20,186 | Aug. 8, 2026 | Daily |
| LPRE · Exchange Listed Funds Trust | 3.55% | 52,106 NS | May 31, 2026 | N-PORT |
| RNTY · Tidal Trust II | 3.51% | 1,703 NS | April 30, 2026 | N-PORT |
| RSPR · Invesco Exchange-Traded Fund Trust | 3.15% | 28,200 | Aug. 8, 2026 | Daily |
| REZ · iShares Trust | 2.22% | 173,416 SH | Aug. 8, 2026 | Daily |
| HOMZ · ETF Series Solutions | 1.62% | 5,169 NS | May 31, 2026 | N-PORT |
| PPTY · ETF Series Solutions | 1.47% | 3,395 NS | May 31, 2026 | N-PORT |
| GQRE · FlexShares Trust | 1.36% | 49,742 NS | April 30, 2026 | N-PORT |
| VRAI · ETFis Series Trust I | 1.10% | 1,918 NS | April 30, 2026 | N-PORT |
| FPRO · FIDELITY COVINGTON TRUST | 1.08% | 1,534 NS | April 30, 2026 | N-PORT |
| VGSR · Manager Directed Portfolios | 1.06% | 49,818 NS | March 31, 2026 | N-PORT |
| RFDA · ALPS ETF Trust | 0.99% | 8,089 NS | May 31, 2026 | N-PORT |
| SPLV · Invesco Exchange-Traded Fund Trust … | 0.98% | 631,391 | Aug. 8, 2026 | Daily |
| BBRE · J.P. Morgan Exchange-Traded Fund Tr… | 0.96% | 111,002 NS | May 31, 2026 | N-PORT |
| ALTL · Pacer Funds Trust | 0.91% | 8,366 NS | April 30, 2026 | N-PORT |
| USRT · iShares Trust | 0.89% | 370,437 SH | Aug. 8, 2026 | Daily |
| DFAR · Dimensional ETF Trust | 0.86% | 137,307 NS | April 30, 2026 | N-PORT |
| URE · ProShares Trust | 0.81% | 4,260 NS | May 31, 2026 | N-PORT |
| IYR · iShares Trust | 0.81% | 330,187 SH | Aug. 8, 2026 | Daily |
| SCHH · SCHWAB STRATEGIC TRUST | 0.78% | 731,525 NS | May 31, 2026 | N-PORT |
| DRN · Direxion Shares ETF Trust | 0.76% | 3,381 NS | April 30, 2026 | N-PORT |
| FREL · FIDELITY COVINGTON TRUST | 0.74% | 101,673 NS | April 30, 2026 | N-PORT |
| MILN · Global X Funds | 0.65% | 5,968 NS | May 31, 2026 | N-PORT |
| AVRE · AMERICAN CENTURY ETF TRUST | 0.61% | 46,575 NS | May 31, 2026 | N-PORT |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.59% | 3,687,235 SH | Aug. 8, 2026 | Daily |
| REET · iShares Trust | 0.59% | 269,867 SH | Aug. 8, 2026 | Daily |
| ERET · iShares Trust | 0.57% | 723 SH | Aug. 8, 2026 | Daily |
| DFGR · Dimensional ETF Trust | 0.57% | 189,131 NS | April 30, 2026 | N-PORT |
| IIGD · Invesco Exchange-Traded Self-Indexe… | 0.56% | 160,000 | Aug. 8, 2026 | Daily |
| ESSC · Strategy Shares | 0.55% | 1,344 NS | April 30, 2026 | N-PORT |
| SOVF · Elevation Series Trust | 0.49% | 4,353 NS | April 30, 2026 | N-PORT |
| QDEF · FlexShares Trust | 0.48% | 24,402 NS | April 30, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.45% | 13,439 NS | April 30, 2026 | N-PORT |
| RITA · ETF Series Solutions | 0.40% | 339 NS | April 30, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.30% | 17,734 NS | April 30, 2026 | N-PORT |
| RDIV · Invesco Exchange-Traded Fund Trust … | 0.30% | 36,830 | Aug. 8, 2026 | Daily |
| CSM · ProShares Trust | 0.27% | 13,297 NS | May 31, 2026 | N-PORT |
| BSCQ · Invesco Exchange-Traded Self-Indexe… | 0.26% | 8,910,000 | Aug. 8, 2026 | Daily |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.25% | 10,258 NS | April 30, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.24% | 1,463,624 SH | Aug. 8, 2026 | Daily |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.24% | 10,050 NS | April 30, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.23% | 44,001 NS | April 30, 2026 | N-PORT |
| CAPE · DoubleLine ETF Trust | 0.21% | 5,534 NS | March 31, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.20% | 279,453 NS | May 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.19% | 17,070 SH | Aug. 8, 2026 | Daily |
| TEXN · iShares Trust | 0.19% | 284 SH | Aug. 8, 2026 | Daily |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.19% | 5,387,000 | Aug. 8, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.18% | 1,608,074 | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.17% | 4,423 SH | Aug. 8, 2026 | Daily |