SLG SL Green Realty Corp Common Stock
$56.15
Price · Aug 18, 2026
Fundamentals as of Aug 6, 2026
52W Range
$35–$66
68% of range
Analyst Rating
HOLD
21 analysts
Price Target
$56
P/E (TTM)
-34.9
ROE
-2.5%
Net Profit Margin
-9.7%
About SL Green Realty Corp Common Stock Company overview from Wikipedia
SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City. As of December 31, 2024, the company owned interests in 39 properties comprising 25,297,353 square feet, primarily in Manhattan. It has been referred to as "New York City’s largest office landlord".
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SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City. As of December 31, 2024, the company owned interests in 39 properties comprising 25,297,353 square feet, primarily in Manhattan. It has been referred to as "New York City’s largest office landlord".
Notable properties owned by the company are One Astor Plaza, One Vanderbilt, 461 Fifth Avenue, 810 Seventh Avenue, 919 Third Avenue, the Pershing Square Building, and Random House Tower.
History
The company's predecessor, S.L. Green Properties, Inc., was formed in 1980 by Stephen L. Green. In 1997, the company was formed as a successor.
In 2000, the company sold the Whitehall Building. In 2002, in partnership with SITQ, the company acquired One Astor Plaza for $483.5 million.
In 2003, the company acquired 461 Fifth Avenue for $100.3 million. In November 2004, the company sold The Knickerbocker Hotel in Manhattan for $160 million. In 2005, the company acquired the Metropolitan Life Insurance Company Tower for $916 million and converted the building into condominiums.
In 2006, the company acquired Reckson Associates in a $4 billion transaction. In December 2007, the company acquired 388 Greenwich Street from Citigroup in a leaseback transaction. Citigroup reacquired the building in 2016.
In 2010, the company acquired the Pershing Square Building from Shorenstein Properties for $330 million. In 2011, the company sold One Court Square in Long Island City, Queens to David Werner and Joel Schreiber for $481 million
In August 2017, the company sold the Montague-Court Building for $171 million to CIM Group. The company had bought the property for $107.5 million in 2007 and made significant upgrades. In November 2018, the company purchased a $148 million stake in 245 Park Avenue from Chinese conglomerate HNA Group. The company was also appointed as property manager and leasing manager.
Buildings
Notable buildings managed by SL Green Realty include:
One Vanderbilt
One Astor Plaza
110 East 42nd Street
461 Fifth Avenue
810 Seventh Avenue
919 Third Avenue
Graybar Building
The News Building
Pershing Square Building
Random House Tower
Worldwide Plaza
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
SLG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$56.15
Market Cap
$4.00B
P/E (TTM)
-34.9
EPS (TTM)
$-1.61
Revenue (TTM)
$1.00B
Div Yield
6.1%
ROE
-2.5%
Debt/Equity
—
52W Range
$35 – $66
SLG 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
$1.00B
2016-12-31
→
2025-12-31
EPS
$-1.61
2016-12-31
→
2025-12-31
Free Cash Flow
—
2016-12-31
→
2019-12-31
Margins
-9.7%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
SLG
Peer Median
P/E (TTM)
-34.9
38.1
P/S (TTM)
4.0
3.6
P/B
1.1
1.0
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
SLG
Peer Median
Operating Margin
65.0%
—
Net Profit Margin
-9.7%
4.2%
ROA
-0.90%
0.63%
ROE
-2.5%
2.2%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
SLG
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
SLG
Peer Median
Revenue YoY
13.2%
—
Revenue CAGR 3Y
2.9%
—
Revenue CAGR 5Y
-0.96%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
SLG
Peer Median
Payout Ratio
-250.4%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
6.1%
Payout Ratio
-250.4%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 30, 2026 | $0.6180 |
| March 31, 2026 | $0.6180 |
| Nov. 28, 2025 | $0.2580 |
| Oct. 31, 2025 | $0.2580 |
| Sept. 30, 2025 | $0.2580 |
| Aug. 29, 2025 | $0.2580 |
| July 31, 2025 | $0.2580 |
| June 30, 2025 | $0.2580 |
| May 30, 2025 | $0.2580 |
| April 30, 2025 | $0.2580 |
| March 31, 2025 | $0.2580 |
| Feb. 28, 2025 | $0.2580 |
| Jan. 31, 2025 | $0.2580 |
| Dec. 31, 2024 | $0.2580 |
| Nov. 29, 2024 | $0.2500 |
| Oct. 31, 2024 | $0.2500 |
| Sept. 30, 2024 | $0.2500 |
| Aug. 30, 2024 | $0.2500 |
| July 31, 2024 | $0.2500 |
| June 28, 2024 | $0.2500 |
SLG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
21 analysts
- Strong Buy 4 19.0%
- Buy 6 28.6%
- Hold 10 47.6%
- Sell 1 4.8%
- Strong Sell 0 0.0%
12-Month Price Target
18 analysts · 2026-08-15
Median
$56.00
Now
$56.15
Low
$38.00
High
$79.00
Median target
$56.00
-0.3%
Mean target
$55.61
-1.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.09%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.42 | $-0.66 | 0.24% |
| March 31, 2026 | $-1.20 | $-0.72 | -0.48% |
| Dec. 31, 2025 | $-1.32 | $-0.51 | -0.81% |
| Sept. 30, 2025 | $0.31 | $-0.22 | 0.53% |
| June 30, 2025 | $-0.29 | $-0.12 | -0.17% |
| March 31, 2025 | $-0.30 | $-0.45 | 0.15% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SLG | $3.26B | -28.5 | 13.2% | -9.7% | -2.5% | — |
| BXP | $10.70B | 38.8 | 2.2% | 8.0% | 5.2% | 59.1% |
| CDP | $3.15B | 20.7 | 1.4% | 20.9% | 10.6% | — |
| VNO | $6.35B | 7.9 | 1.3% | 50.0% | 16.2% | — |
| CUZ | $4.33B | 107.4 | 16.0% | 4.1% | 0.85% | — |
| KRC | $4.42B | 16.1 | -2.0% | 27.2% | 5.6% | — |
| HIW | $2.84B | 17.8 | -2.4% | 20.2% | 6.9% | — |
| DEI | $1.84B | 122.1 | 1.8% | 1.6% | 0.82% | 63.3% |
| PDM | $1.04B | -12.4 | -0.93% | -14.8% | -5.4% | — |
| DEA | $981M | 78.5 | 11.3% | 3.9% | 0.98% | — |
| PSTL | — | 34.3 | 25.5% | 14.8% | 5.3% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.00B | $886M | $914M | $919M | $861M | $1.05B | $1.24B | $1.23B | $1.51B | $1.86B | $1.66B | $1.52B | |
| SG&A Expense | $89M | $85M | $111M | $94M | $95M | $92M | $101M | $93M | $100M | $100M | $95M | $92M | |
| Operating Expenses | · | · | · | · | · | · | · | · | · | $313M | $302M | $282M | |
| Operating Income | $652M | $731M | $599M | $606M | · | · | · | · | · | · | · | · | |
| Interest Expense | $216M | $196M | $229M | $166M | $145M | $186M | $247M | $237M | $257M | $321M | $324M | $343M | |
| Interest Income | $6M | $4M | $3M | $986.0K | $1M | $2M | $4M | $2M | $2M | $3M | $3M | $2M | |
| Pretax Income | · | · | · | · | · | · | · | · | $165M | $-5M | $77M | $175M | |
| Income Tax | · | $700.0K | $9M | $3M | $3M | $1M | $2M | $3M | $4M | $3M | $3M | $8M | |
| Net Income | $-97M | $22M | $-565M | $-78M | $450M | $371M | $270M | $247M | $101M | $250M | $284M | $518M | |
| EPS (Basic) | $-1.61 | $0.08 | $-9.12 | $-1.49 | $6.57 | $5.03 | $3.29 | $2.75 | $0.88 | $2.35 | $2.71 | $5.25 | |
| EPS (Diluted) | $-1.61 | $0.08 | $-9.12 | $-1.49 | $6.50 | $5.01 | $3.28 | $2.75 | $0.87 | $2.34 | $2.70 | $5.23 | |
| Shares (Basic) | 70,443,000 | 65,062,000 | 63,809,000 | 63,917,000 | 65,740,000 | 70,397,000 | 77,057,000 | 84,090,000 | 98,571,000 | 100,185,000 | 99,345,000 | 95,774,000 | |
| Shares (Diluted) | 70,443,000 | 65,688,000 | 67,972,000 | 67,929,000 | 70,769,000 | 75,078,000 | 81,865,000 | 89,071,000 | 103,403,000 | 104,881,000 | 103,734,000 | 99,696,000 | |
| EBITDA | $915M | $945M | $256M | $223M | $228M | $325M | $284M | $292M | $420M | $846M | $588M | $400M |
Balance Sheet 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $156M | $184M | $222M | $203M | $251M | $266M | $166M | $129M | $128M | $279M | $255M | $281M | |
| Intangibles | $141M | $181M | $5M | $213M | $17M | $25M | $27M | $26M | $49M | $240M | $536M | $281M | |
| Total Assets | $11.08B | $10.47B | $9.53B | $12.36B | $11.07B | $11.71B | $12.77B | $12.75B | $13.98B | $15.86B | $19.73B | $17.10B | |
| Total Liabilities | $6.73B | $5.92B | $5.27B | $7.26B | $5.75B | $6.21B | $6.56B | $6.12B | $6.63B | $7.33B | $11.30B | $9.10B | |
| Long-term Debt | · | · | · | $3.23B | $1.39B | $1.98B | $2.18B | $1.96B | $2.84B | $4.07B | $10.46B | $8.47B | |
| Common Stock | $711.0K | $711.0K | $660.0K | $656.0K | $672.0K | $716.0K | $803.0K | $847.0K | $939.0K | $1M | $1M | $974.0K | |
| Paid-in Capital | $4.21B | $4.16B | $3.83B | $3.79B | $3.74B | $3.86B | $4.29B | $4.51B | $4.97B | $5.62B | $5.44B | $5.11B | |
| Retained Earnings | $-742M | $-449M | $-152M | $651M | $976M | $1.02B | $1.08B | $1.28B | $1.14B | $1.58B | $1.64B | $1.61B | |
| Treasury Stock | · | $0 | $129M | $129M | $126M | $124M | $124M | $124M | $124M | $124M | $10M | $0 | |
| AOCI | $-22M | $18M | $17M | $50M | $-47M | $-67M | $-28M | $15M | $19M | $22M | $-9M | $-7M | |
| Stockholders' Equity | $3.67B | $3.95B | $3.79B | $4.59B | $4.76B | $4.91B | $5.44B | $5.90B | $6.23B | $7.32B | $7.29B | $6.94B | |
| Liabilities + Equity | $11.08B | $10.47B | $9.53B | $12.36B | $11.07B | $11.71B | $12.77B | $12.75B | $13.98B | $15.86B | $19.73B | $17.10B | |
| Shares Outstanding | 71,159,000 | 71,097,000 | 65,786,000 | 65,440,000 | 65,132,000 | 67,470,000 | 77,981,000 | 84,739,000 | 93,858,000 | 101,617,000 | 100,063,000 | 97,325,000 |
Cash Flow 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $263M | $214M | $256M | $224M | $228M | $325M | $284M | $290M | $419M | $846M | $588M | $400M | |
| Other Non-cash | $-83M | $-106M | $538M | $131M | $-422M | $-142M | $-178M | $-98M | $27M | $-461M | $-346M | $-428M | |
| Operating Cash Flow | $83M | $130M | $230M | $276M | $256M | $554M | $376M | $442M | $543M | $644M | $526M | $490M | |
| CapEx | · | · | · | · | · | · | $253M | $254M | $336M | $412M | $406M | $370M | |
| Investing Cash Flow | $-331M | $119M | $171M | $426M | $994M | $1.06B | $114M | $682M | $22M | $1.97B | $-2.27B | $-797M | |
| Stock Issued | $-1M | $387M | $0 | $0 | · | · | · | · | $0 | $0 | $125M | $185M | |
| Stock Repurchased | · | $0 | $0 | $151M | $341M | $528M | $384M | $980M | $806M | $0 | $0 | · | |
| Net Stock Activity | $-1M | $387M | $0 | $-151M | $-341M | $-528M | $-384M | $-980M | $-806M | $0 | $125M | $185M | |
| Dividends Paid | $243M | $219M | $231M | $262M | $271M | $294M | $306M | $313M | $334M | $314M | $257M | $207M | |
| Financing Cash Flow | $253M | $-252M | $-449M | $-655M | $-1.29B | $-1.48B | $-529M | $-1.09B | $-685M | $-2.74B | $1.71B | $381M | |
| Net Change in Cash | $5M | $-4M | $-49M | $47M | $-36M | $131M | $-38M | $29M | $-120M | $-119M | $-26M | $75M | |
| Free Cash Flow | · | · | · | · | · | · | $123M | $187M | $213M | $223M | $120M | $120M | |
| Levered FCF | · | · | · | · | · | · | · | · | $-37M | $-336M | $-194M | $-185M |
Profitability 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 65.0% | 82.4% | · | · | · | · | · | · | · | · | · | · | |
| Net Margin | -9.7% | 2.5% | -61.8% | -9.4% | 53.3% | 35.2% | 21.8% | 20.2% | 6.7% | 13.4% | 17.1% | 34.1% | |
| Pretax Margin | · | · | · | · | · | · | · | · | 10.9% | -0.25% | 4.7% | 11.5% | |
| EBITDA Margin | 91.2% | 106.6% | 28.0% | 27.0% | 27.1% | 30.9% | 22.9% | 23.8% | 27.8% | 45.4% | 35.4% | 26.3% | |
| ROA | -0.90% | 0.22% | -5.2% | -0.67% | 4.0% | 3.0% | 2.1% | 1.8% | 0.68% | 1.4% | 1.5% | 3.2% | |
| ROE | -2.5% | 0.57% | -13.5% | -1.7% | 9.3% | 7.2% | 4.8% | 4.1% | 1.5% | 3.4% | 4.0% | 7.7% |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | 3.0 | 3.7 | · | · | · | · | · | · | · | · | · | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Growth Rates 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 13.2% | -3.0% | -0.62% | 6.8% | -18.2% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 2.9% | 0.96% | -4.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -0.96% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | · | · | 29.7% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | · | -76.9% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | · | · | 21.2% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | · | -63.4% | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | -3.8% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.00B | $886M | $914M | $919M | $861M | $1.05B | $1.24B | $1.23B | $1.51B | $1.86B | $1.66B | $1.52B | |
| Net Income TTM | $-97M | $22M | $-565M | $-78M | $450M | $371M | $270M | $247M | $101M | $250M | $284M | $518M | |
| Market Cap | $3.26B | $4.83B | $2.97B | $2.21B | $4.81B | $4.40B | $7.83B | $7.11B | $10.06B | $11.60B | $12.00B | $12.75B | |
| P/E | -28.5 | 849.0 | -5.0 | -22.6 | 11.4 | 12.6 | 29.7 | 30.5 | 123.2 | 48.8 | 44.4 | 24.2 | |
| P/S | 3.3 | 5.4 | 3.3 | 2.4 | 5.6 | 4.2 | 6.3 | 5.8 | 6.7 | 6.2 | 7.2 | 8.4 | |
| P/B | 0.9 | 1.2 | 0.8 | 0.5 | 1.0 | 0.9 | 1.4 | 1.2 | 1.6 | 1.6 | 1.6 | 1.8 | |
| P / Tangible Book | 0.9 | 1.3 | 0.8 | 0.5 | 1.0 | 0.9 | · | · | · | · | · | · | |
| P / Cash Flow | 39.4 | 37.3 | 12.9 | 8.0 | 18.8 | 7.9 | 20.8 | 16.1 | 18.3 | 18.3 | 22.8 | 26.0 | |
| P / FCF | · | · | · | · | · | · | 63.4 | 38.0 | 47.2 | 52.1 | 100.0 | 105.8 | |
| Dividend Yield | 7.4% | 4.5% | 7.8% | 11.9% | 5.6% | 6.7% | 3.9% | 4.4% | 3.3% | 2.7% | 2.1% | 1.6% | |
| Earnings Yield | -3.5% | 0.12% | -20.2% | -4.4% | 8.8% | 7.9% | 3.4% | 3.3% | 0.81% | 2.1% | 2.2% | 4.1% | |
| Payout Ratio | -250.4% | 994.2% | -40.9% | -335.8% | 60.3% | 79.2% | 113.3% | 126.7% | 329.0% | 125.7% | 90.6% | 40.0% | |
| Annual Payout | $243M | $219M | $231M | $262M | $271M | $294M | $306M | $313M | $334M | $314M | $257M | $207M |
Income Statement 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 | $264M | $253M | $276M | $245M | $242M | $240M | $246M | $230M | $223M | $188M | $212M | $210M | $246M | $246M | $318M | $212M | |
| SG&A Expense | $23M | $23M | $22M | $24M | $22M | $22M | $23M | $21M | $20M | $21M | $42M | $23M | $23M | $23M | $24M | $21M | |
| Operating Income | $160M | $145M | $177M | $209M | $129M | $136M | $147M | $149M | $176M | $258M | · | · | · | · | · | · | |
| Interest Expense | · | · | · | · | · | · | $47M | $51M | $50M | $49M | $45M | $53M | $66M | $65M | $61M | $41M | |
| Interest Income | $585.0K | $1M | $987.0K | $1M | $2M | $1M | $840.0K | $1M | $1M | $867.0K | $841.0K | $1M | $807.0K | $319.0K | $173.0K | $169.0K | |
| Pretax Income | · | · | · | · | · | · | · | · | · | $18M | · | · | · | $-38M | · | · | |
| Income Tax | · | · | · | $-100.0K | $1M | $500.0K | · | $1M | $900.0K | $700.0K | · | $2M | $2M | $800.0K | $200.0K | $100.0K | |
| Net Income | $-23M | $-81M | $-101M | $29M | $-7M | $-17M | $13M | $-10M | $2M | $17M | $-152M | $-20M | $-356M | $-36M | $-61M | $11M | |
| EPS (Basic) | $-0.38 | $-1.20 | $-1.50 | $0.35 | $-0.16 | $-0.30 | $0.13 | $-0.21 | $-0.04 | $0.20 | $-2.48 | $-0.38 | $-5.63 | $-0.63 | $-1.02 | $0.11 | |
| EPS (Diluted) | $-0.38 | $-1.20 | $-1.49 | $0.34 | $-0.16 | $-0.30 | $0.13 | $-0.21 | $-0.04 | $0.20 | $-2.48 | $-0.38 | $-5.63 | $-0.63 | $-1.01 | $0.11 | |
| Shares (Basic) | 70,669,000 | 70,687,000 | -140,860,000 | 70,443,000 | 70,436,000 | 70,424,000 | -128,007,000 | 64,388,000 | 64,353,000 | 64,328,000 | -128,486,000 | 64,114,000 | 64,102,000 | 64,079,000 | -128,179,000 | 63,949,000 | |
| Shares (Diluted) | 70,669,000 | 70,687,000 | -141,565,000 | 71,148,000 | 70,436,000 | 70,424,000 | -137,535,000 | 64,388,000 | 68,740,000 | 70,095,000 | -136,847,000 | 68,296,000 | 68,341,000 | 68,182,000 | -140,216,000 | 68,897,000 | |
| EBITDA | $160M | $215M | · | $209M | $129M | $202M | · | · | · | $50M | · | · | · | $81M | · | · |
Balance Sheet 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $181M | $144M | $156M | $187M | $183M | $180M | $184M | $188M | $200M | $196M | $222M | $190M | $192M | $159M | $203M | $201M | |
| Intangibles | $159M | $222M | $141M | $208M | $191M | $201M | $181M | $80M | $84M | $88M | · | $5M | $6M | $200M | · | $224M | |
| Total Assets | $11.81B | $11.76B | $11.08B | $11.14B | $11.25B | $11.41B | $10.47B | $10.22B | $9.55B | $9.76B | · | $9.69B | $10.04B | $12.34B | · | $12.72B | |
| Total Liabilities | $7.39B | $7.40B | $6.73B | $6.74B | $6.89B | $6.97B | $5.92B | $6.14B | $5.36B | $5.52B | · | $5.17B | $5.46B | $7.36B | · | $7.49B | |
| Common Stock | $705.0K | $711.0K | $711.0K | $710.0K | $710.0K | $710.0K | $711.0K | $663.0K | $660.0K | $660.0K | · | $656.0K | $656.0K | $656.0K | · | $655.0K | |
| Paid-in Capital | $4.21B | $4.21B | $4.21B | $4.21B | $4.20B | $4.16B | $4.16B | $3.87B | $3.84B | $3.83B | · | $3.81B | $3.81B | $3.80B | · | $3.78B | |
| Retained Earnings | $-1.02B | $-893M | $-742M | $-635M | $-613M | $-538M | $-449M | $-376M | $-280M | $-230M | · | $62M | $136M | $549M | · | $756M | |
| Treasury Stock | · | · | · | · | · | · | · | $129M | $129M | $129M | · | $129M | $129M | $129M | · | $129M | |
| AOCI | $5M | $-7M | $-22M | $-20M | $-16M | $-5M | $18M | $-27M | $40M | $40M | · | $70M | $58M | $19M | · | $58M | |
| Stockholders' Equity | $3.42B | $3.54B | $3.67B | $3.77B | $3.79B | $3.84B | $3.95B | $3.56B | $3.69B | $3.74B | · | $4.04B | $4.09B | $4.46B | · | $4.69B | |
| Liabilities + Equity | $11.81B | $11.76B | $11.08B | $11.14B | $11.25B | $11.41B | $10.47B | $10.22B | $9.55B | $9.76B | · | $9.69B | $10.04B | $12.34B | · | $12.72B | |
| Shares Outstanding | 70,853,000 | 71,124,000 | 71,159,000 | 71,028,000 | 71,025,000 | 71,016,000 | 71,097,000 | 66,295,000 | 65,874,000 | 65,866,000 | · | 65,458,000 | 65,447,000 | 65,433,000 | · | 65,376,000 |
Cash Flow 10
| 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 | $67M | $70M | $70M | $65M | $62M | $64M | $55M | $55M | $54M | $50M | $51M | $53M | $72M | $81M | $76M | $51M | |
| Other Non-cash | · | $-7M | · | · | · | $-42M | · | · | · | $-92M | · | · | · | $-2M | · | · | |
| Operating Cash Flow | $88M | $-18M | $28M | $-7M | $54M | $7M | $58M | $17M | $79M | $-25M | $48M | $77M | $62M | $42M | $26M | $67M | |
| Investing Cash Flow | $171M | $-692M | $-290M | $3M | $132M | $-176M | $156M | $-159M | $126M | $-4M | $-100M | $311M | $28M | $-66M | $152M | $138M | |
| Stock Issued | $0 | $0 | $-223.0K | $0 | $0 | $-871.0K | $387M | $0 | $0 | $0 | · | · | · | · | · | · | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $0 | $0 | $0 | |
| Net Stock Activity | · | $0 | · | · | · | $-871.0K | · | · | · | · | · | · | · | $0 | · | · | |
| Dividends Paid | $50M | $3M | $62M | $61M | $60M | $60M | $56M | $54M | $54M | $54M | $58M | $58M | $58M | $57M | $65M | $66M | |
| Financing Cash Flow | $-216M | $712M | $241M | $18M | $-180M | $175M | $-198M | $142M | $-208M | $11M | $78M | $-390M | $-135M | $-3M | $-180M | $-97M | |
| Net Change in Cash | $43M | $2M | $-21M | $14M | $6M | $5M | $17M | $-686.0K | $-3M | $-17M | $26M | $-2M | $-46M | $-27M | $-1M | $108M |
Profitability 6
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 60.6% | 57.4% | · | 85.5% | 53.4% | 56.7% | · | · | · | · | · | · | · | · | · | · | |
| Net Margin | -8.6% | -31.9% | · | 11.7% | -3.0% | -7.2% | · | -4.2% | 0.71% | 9.0% | · | -11.7% | -161.2% | -16.1% | · | 5.2% | |
| Pretax Margin | · | · | · | · | · | · | · | · | · | 9.8% | · | · | · | · | · | · | |
| EBITDA Margin | 60.6% | 85.0% | · | 85.5% | 53.4% | 84.3% | · | · | · | 26.7% | · | · | · | 36.0% | · | · | |
| ROA | -0.20% | -0.70% | · | 0.27% | -0.07% | -0.16% | · | -0.10% | 0.02% | 0.15% | · | -0.18% | -3.4% | -0.31% | · | 0.09% | |
| ROE | -0.63% | -2.2% | · | 0.78% | -0.20% | -0.46% | · | -0.25% | 0.04% | 0.41% | · | -0.46% | -8.1% | -0.78% | · | 0.23% |
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) 10
| 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 | $1.00B | $980M | · | $956M | $934M | $880M | · | $851M | $867M | $890M | · | $914M | $906M | $848M | · | $807M | |
| Net Income TTM | $-82M | $-77M | · | $-6M | $-33M | $-8M | · | $-11M | $-358M | $-396M | · | $-402M | $-421M | $-54M | · | $374M | |
| Market Cap | $3.67B | $2.63B | · | $4.25B | $4.40B | $4.10B | · | $4.61B | $3.73B | $3.63B | · | $2.44B | $1.97B | $1.54B | · | $2.63B | |
| P/E | -37.0 | -28.0 | · | -181.2 | -87.2 | -164.9 | · | -161.9 | -9.7 | -8.6 | · | -5.7 | -4.4 | -21.2 | · | 7.4 | |
| P/S | 3.7 | 2.7 | · | 4.4 | 4.7 | 4.7 | · | 5.4 | 4.3 | 4.1 | · | 2.7 | 2.2 | 1.8 | · | 3.3 | |
| P/B | 1.1 | 0.7 | · | 1.1 | 1.2 | 1.1 | · | 1.3 | 1.0 | 1.0 | · | 0.6 | 0.5 | 0.3 | · | 0.6 | |
| P / Tangible Book | 1.1 | 0.8 | · | 1.2 | 1.2 | 1.1 | · | 1.3 | 1.0 | 1.0 | · | 0.6 | 0.5 | 0.4 | · | 0.6 | |
| P / Cash Flow | · | -149.4 | · | · | · | 610.7 | · | · | · | -147.1 | · | · | · | 36.3 | · | · | |
| Earnings Yield | -2.7% | -3.6% | · | -0.55% | -1.1% | -0.61% | · | -0.62% | -10.3% | -11.7% | · | -17.5% | -22.8% | -4.7% | · | 13.5% | |
| Payout Ratio | · | -3.5% | · | · | · | -347.2% | · | · | · | 320.8% | · | · | · | -159.4% | · | · |
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 | $1.00B | $886M | $914M | $919M | $861M |
| Operating Margin % | 65.0% | 82.4% | — | — | — |
| Net Income | $-97M | $22M | $-565M | $-78M | $450M |
| Diluted EPS | $-1.61 | $0.08 | $-9.12 | $-1.49 | $6.50 |
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Institutional owners (13F) 393 filers · $2.2B 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 |
|---|---|---|---|---|
| 69 (+11 vs prior Q) | 33 (-16 vs prior Q) | 119 (-17 vs prior Q) | 119 (+20 vs prior Q) | +11.3M |
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 | $376,879,543 | 7,279,883 | 17.29% | Shares |
| STATE STREET CORP | $213,131,433 | 4,069,007 | 9.78% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $165,812,942 | 3,202,877 | 7.61% | Shares |
| Alyeska Investment Group, L.P. | $104,344,920 | 2,015,548 | 4.79% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $90,150,992 | 1,741,023 | 4.13% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $88,421,866 | 1,707,975 | 4.06% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $81,040,758 | 1,565,400 | 3.72% | Put option |
| GOLDMAN SACHS GROUP INC | $69,279,391 | 1,338,215 | 3.18% | Shares |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | $59,918,909 | 1,157,406 | 2.75% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $50,348,359 | 972,539 | 2.31% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $44,347,528 | 856,626 | 2.03% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $44,035,562 | 850,600 | 2.02% | Call option |
| MetLife Investment Management, LLC | $24,541,827 | 474,055 | 1.13% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $24,512,060 | 473,480 | 1.12% | Shares |
| VANGUARD GROUP INC | $20,761,404 | 452,614 | 0.95% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $20,152,353 | 389,267 | 0.92% | Shares |
| Balyasny Asset Management L.P. | $19,011,497 | 367,230 | 0.87% | Shares |
| Nuveen, LLC | $17,378,930 | 335,695 | 0.80% | Shares |
| BANK OF AMERICA CORP /DE/ | $17,173,144 | 331,720 | 0.79% | Shares |
| JANE STREET GROUP, LLC | $16,783,834 | 324,200 | 0.77% | Put option |
| BARCLAYS PLC | $16,410,522 | 316,989 | 0.75% | Shares |
| Nuveen Asset Management, LLC | $14,760,850 | 217,327 | 0.68% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $14,603,696 | 282,088 | 0.67% | Shares |
| WOLVERINE TRADING, LLC | $14,461,109 | 241,300 | 0.66% | Put option |
| BlackRock, Inc. | $13,406,980 | 258,972 | 0.61% | Shares |
| APG Asset Management US Inc. | $13,105,758 | 250,972 | 0.60% | Shares |
| Public Sector Pension Investment Board | $12,641,561 | 244,187 | 0.58% | Shares |
| Prospect Financial Services LLC | $12,621,614 | 243,802 | 0.58% | Shares |
| Hazelview Securities Inc. | $12,604,128 | 235,944 | 0.58% | Shares |
| NEUBERGER BERMAN GROUP LLC | $12,557,694 | 242,567 | 0.58% | Shares |
| UBS Group AG | $11,788,495 | 227,709 | 0.54% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $11,752,256 | 227,009 | 0.54% | Shares |
| CITADEL ADVISORS LLC | $11,404,931 | 220,300 | 0.52% | Put option |
| CITADEL ADVISORS LLC | $11,208,205 | 216,500 | 0.51% | Call option |
| FIRST MANHATTAN CO. LLC. | $11,119,419 | 214,785 | 0.51% | Shares |
| Quantinno Capital Management LP | $10,889,061 | 210,335 | 0.50% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $10,454,277 | 201,937 | 0.48% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $10,417,314 | 201,223 | 0.48% | Shares |
| RHUMBLINE ADVISERS | $10,135,245 | 195,775 | 0.46% | Shares |
| VALUEWORKS LLC | $10,095,150 | 195,000 | 0.46% | Shares |
| IBEX WEALTH ADVISORS | $9,851,190 | 190,288 | 0.45% | Shares |
| CITADEL ADVISORS LLC | $9,606,338 | 185,558 | 0.44% | Shares |
| Point72 Asset Management, L.P. | $9,508,751 | 183,673 | 0.44% | Shares |
| Squarepoint Ops LLC | $9,471,943 | 182,962 | 0.43% | Shares |
| AMERIPRISE FINANCIAL INC | $9,206,893 | 177,385 | 0.42% | Shares |
| Waterfront Capital Partners, LLC | $8,965,698 | 149,903 | 0.41% | Shares |
| Swiss National Bank | $7,382,298 | 142,598 | 0.34% | Shares |
| Phocas Financial Corp. | $7,198,101 | 139,040 | 0.33% | Shares |
| NAN FUNG TRINITY (HK) LTD | $6,859,887 | 132,507 | 0.31% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $5,939,054 | 114,720 | 0.27% | Shares |
| Walleye Trading LLC | $5,725,762 | 110,600 | 0.26% | Call option |
| Legal & General Group Plc | $5,650,955 | 109,155 | 0.26% | Shares |
| Adelante Capital Management LLC | $5,496,000 | 106,160 | 0.25% | Shares |
| MARSHALL WACE, LLP | $5,458,940 | 105,446 | 0.25% | Shares |
| LEVIN CAPITAL STRATEGIES, L.P. | $5,303,267 | 102,439 | 0.24% | Shares |
| WOLVERINE TRADING, LLC | $5,207,917 | 86,900 | 0.24% | Call option |
| AMERICAN CENTURY COMPANIES INC | $4,987,004 | 96,330 | 0.23% | Shares |
| Cubist Systematic Strategies, LLC | $4,869,472 | 81,416 | 0.22% | Shares |
| WOLVERINE TRADING, LLC | $4,772,466 | 79,634 | 0.22% | Shares |
| Allianz Asset Management GmbH | $4,769,777 | 92,134 | 0.22% | Shares |
| STRS OHIO | $4,612,707 | 89,100 | 0.21% | Shares |
| XTX Topco Ltd | $4,513,982 | 87,193 | 0.21% | Shares |
| Swedbank AB | $4,390,510 | 84,808 | 0.20% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $4,316,324 | 83,375 | 0.20% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $4,277,186 | 82,619 | 0.20% | Shares |
| JANE STREET GROUP, LLC | $4,120,892 | 79,600 | 0.19% | Call option |
| Moody Aldrich Partners LLC | $4,026,153 | 77,770 | 0.18% | Shares |
| JANE STREET GROUP, LLC | $3,997,990 | 77,226 | 0.18% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $3,955,073 | 76,397 | 0.18% | Shares |
| State of New Jersey Common Pension Fund D | $3,935,970 | 76,028 | 0.18% | Shares |
| PRUDENTIAL FINANCIAL INC | $3,849,565 | 74,359 | 0.18% | Shares |
| CLOUGH CAPITAL PARTNERS L P | $3,813,275 | 73,658 | 0.17% | Shares |
| ALLIANCEBERNSTEIN L.P. | $3,750,370 | 101,526 | 0.17% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $3,668,578 | 70,863 | 0.17% | Shares |
| PEAK6 LLC | $3,639,069 | 70,293 | 0.17% | Shares |
| Parallax Volatility Advisers, L.P. | $3,623,900 | 70,000 | 0.17% | Put option |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $3,621,260 | 69,949 | 0.17% | Shares |
| LDR Capital Management LLC | $3,593,770 | 69,418 | 0.16% | Shares |
| Asset Management One Co., Ltd. | $3,587,650 | 97,121 | 0.16% | Shares |
| TUDOR INVESTMENT CORP ET AL | $3,357,181 | 64,848 | 0.15% | Shares |
| TANDEM CAPITAL MANAGEMENT CORP /ADV | $3,352,522 | 64,758 | 0.15% | Shares |
| Vanguard Investments Australia, Ltd. | $3,350,296 | 64,715 | 0.15% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $3,185,563 | 61,533 | 0.15% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $3,098,970 | 83,892 | 0.14% | Shares |
| MORGAN STANLEY | $3,086,834 | 59,625 | 0.14% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $3,047,286 | 58,862 | 0.14% | Shares |
| NORGES BANK | $3,018,760 | 58,311 | 0.14% | Shares |
| Holocene Advisors, LP | $2,957,620 | 57,130 | 0.14% | Shares |
| Lighthouse Investment Partners, LLC | $2,847,350 | 55,000 | 0.13% | Call option |
| Amundi | $2,812,095 | 54,319 | 0.13% | Shares |
| Jain Global LLC | $2,763,068 | 53,372 | 0.13% | Shares |
| Russell Investments Group, Ltd. | $2,761,567 | 53,343 | 0.13% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $2,670,193 | 51,578 | 0.12% | Shares |
| FIRST TRUST ADVISORS LP | $2,631,578 | 50,832 | 0.12% | Shares |
| D. E. Shaw & Co., Inc. | $2,604,031 | 50,300 | 0.12% | Put option |
| STATE OF WISCONSIN INVESTMENT BOARD | $2,495,469 | 48,203 | 0.11% | Shares |
| GROUP ONE TRADING LLC | $2,317,484 | 44,765 | 0.11% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $2,103,208 | 40,626 | 0.10% | Shares |
| American Assets Investment Management, LLC | $2,070,800 | 40,000 | 0.09% | Shares |
| Clear Harbor Asset Management, LLC | $2,043,000 | 39,463 | 0.09% | Shares |
Company insiders 18 insiders · 7 officers · 10 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Marc Holliday | PRESIDENT & CEO | June 24, 2026 D | 9,698 | 0 | 1 | $-986,701 |
| Matthew J. Diliberto | CHIEF FINANCIAL OFFICER | June 24, 2026 D | 1,724 | 0 | 0 | $0 |
| James E Mead | Chief Financial Officer | Dec. 31, 2014 F | 22,744 | 0 | 0 | $0 |
| Gregory F Hughes | COO & CFO | Sept. 30, 2010 A | 38,533 | 0 | 0 | $0 |
| Gerry Nocera | Chief Operating Officer | April 10, 2006 A | 28,126 | 0 | 0 | $0 |
| Michael Reid | COO | March 19, 2004 S | 0 | 0 | 0 | $0 |
| Andrew S Levine | CHIEF LEGAL OFFICER & GC | May 4, 2026 D | 7,045 | 0 | 1 | $-67,588 |
| Andrew W Mathias | Director | May 19, 2026 D | 106,133 | 0 | 0 | $0 |
| Craig M Hatkoff | Director | Jan. 30, 2026 D | 2,052 | 0 | 0 | $0 |
| John H Alschuler JR | Director | Jan. 9, 2026 I | 585 | 0 | 0 | $0 |
| Stephen L Green | Director | Jan. 5, 2026 A | 0 | 0 | 0 | $0 |
| Lauren B. Dillard | Director | April 21, 2022 A | — | 0 | 0 | $0 |
| John S Levy | Director | April 21, 2022 A | 20,827 | 0 | 0 | $0 |
| Carol N Brown | Director | April 1, 2022 A | — | 0 | 0 | $0 |
| Edwin T Burton III | Director | Feb. 17, 2022 S | 0 | 0 | 0 | $0 |
| Betsy S Atkins | Director | Jan. 27, 2022 A | 9,773 | 0 | 0 | $0 |
| SL GREEN REALTY CORP | 10% owner | Dec. 15, 2010 S | 5,349,320 | 0 | 0 | $0 |
| Tom Wirth | — | June 18, 2004 S | 1,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 66 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 |
|---|---|---|---|---|
| KBWY · Invesco Exchange-Traded Fund Trust … | 3.25% | 179,605 | Aug. 8, 2026 | Daily |
| RDOG · ALPS ETF Trust | 2.44% | 6,008 NS | May 31, 2026 | N-PORT |
| RIET · ETF Series Solutions | 1.17% | 26,909 NS | May 31, 2026 | N-PORT |
| PSCF · Invesco Exchange-Traded Fund Trust … | 0.87% | 4,211 | Aug. 8, 2026 | Daily |
| GYLD · ARROW ETF TRUST | 0.77% | 5,795 NS | April 30, 2026 | N-PORT |
| FLCV · Federated Hermes ETF Trust | 0.44% | 9,342 NS | May 31, 2026 | N-PORT |
| IJS · iShares Trust | 0.42% | 633,571 SH | Aug. 8, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.39% | 150,920 SH | Aug. 8, 2026 | Daily |
| ERET · iShares Trust | 0.33% | 860 SH | Aug. 8, 2026 | Daily |
| USRT · iShares Trust | 0.31% | 266,575 SH | Aug. 8, 2026 | Daily |
| SMLF · iShares Trust | 0.30% | 230,463 SH | Aug. 8, 2026 | Daily |
| BBRE · J.P. Morgan Exchange-Traded Fund Tr… | 0.30% | 80,054 NS | May 31, 2026 | N-PORT |
| VGSR · Manager Directed Portfolios | 0.27% | 33,721 NS | March 31, 2026 | N-PORT |
| IWN · iShares Trust | 0.25% | 675,206 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.24% | 8,404 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.24% | 63,761 SH | Aug. 8, 2026 | Daily |
| EBIT · Harbor ETF Trust | 0.23% | 631 NS | April 30, 2026 | N-PORT |
| SCHH · SCHWAB STRATEGIC TRUST | 0.23% | 503,729 NS | May 31, 2026 | N-PORT |
| DFAR · Dimensional ETF Trust | 0.22% | 88,779 NS | April 30, 2026 | N-PORT |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.22% | 10,101 | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.21% | 4,337,786 SH | Aug. 8, 2026 | Daily |
| REET · iShares Trust | 0.21% | 194,958 SH | Aug. 8, 2026 | Daily |
| FREL · FIDELITY COVINGTON TRUST | 0.20% | 69,516 NS | April 30, 2026 | N-PORT |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.20% | 2,704,178 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.20% | 248,752 SH | Aug. 8, 2026 | Daily |
| PGX · Invesco Exchange-Traded Fund Trust … | 0.19% | 333,767 | Aug. 8, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.16% | 27,476 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.16% | 312,437 NS | May 31, 2026 | N-PORT |
| SAA · ProShares Trust | 0.14% | 851 NS | May 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.14% | 2,592 NS | April 30, 2026 | N-PORT |
| DFGR · Dimensional ETF Trust | 0.13% | 110,006 NS | April 30, 2026 | N-PORT |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.13% | 31,015 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.13% | 1,856,778 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.12% | 15,614 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.11% | 419,380 SH | Aug. 8, 2026 | Daily |
| PFF · iShares Trust | 0.09% | 572,695 SH | Aug. 8, 2026 | Daily |
| PPTY · ETF Series Solutions | 0.09% | 511 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.09% | 31,137 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.08% | 3,383 NS | May 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.08% | 1,036,222 SH | Aug. 8, 2026 | Daily |
| ESML · iShares Trust | 0.07% | 39,618 SH | Aug. 8, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.07% | 26,134 | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.07% | 341,783 NS | May 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.06% | 3,073 | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.06% | 3,153 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.05% | 2,646 NS | May 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.05% | 14,172 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.04% | 816,823 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.04% | 1,632,117 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.04% | 7,809 NS | May 31, 2026 | N-PORT |