Camden Property TrustCPT

13F holders, Q3 2024 (September 30)
589holders +55
94new positions
36sold out
10famous investors
$123.57avg. 13F price*

At the end of Q3 2024, 589 institutions reported holding Camden Property Trust (CPT) in their 13F filings, up 55 from Q2 2024. 94 opened new positions and 36 sold out. The largest holders were Vanguard Group Inc. ($2.1B), BlackRock, Inc. ($1.4B) and State Street Corp. ($886.7M). 10 famous investors held it, including Andreas Halvorsen (1.3% of Viking Global Investors's portfolio), Stanley Druckenmiller (1.3% of Duquesne Family Office's portfolio) and Paul Tudor Jones (0.2% of Tudor Investment Corporation's portfolio).

Company
Camden Property Trust
Sector
Real Estate
CUSIP
133131102
Latest filing quarter
Q2 2026

History

Number of 13F holders

0200400600800 Q1 2024: 512Q1 2024Q2 2024: 534Q2 2024Q3 2024: 589Q3 2024Q4 2024: 572Q4 2024Q1 2025: 623Q1 2025Q2 2025: 612Q2 2025Q3 2025: 585Q3 2025Q4 2025: 586Q4 2025Q1 2026: 567Q1 2026Q2 2026: 575Q2 2026

Total Exit/New Position Q2 2024 → Q3 2024

InstitutionsTotal Value
New Positions94$257.8M
Exits36$187.0M

All 13F filers, Q2 2024 → Q3 2024: 9,409,638 shares bought and 11,984,088 shares sold, net −2,574,450 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 589 holders

Vanguard Group Inc. 0.04% Reduce -0.3% 17,125,119 $2.1B
BlackRock, Inc. 0.03% — 11,490,668 $1.4B
State Street Corp. 0.04% Add +0.5% 7,118,930 $886.7M
Victory Capital Management Inc. 0.50% Reduce -4.4% 4,123,729 $509.4M
FMR LLC 0.02% Add +14.5% 3,297,370 $407.3M
Viking Global Investors 1.33% Reduce -9.2% 2,959,136 $365.5M
Geode Capital Management, LLC 0.03% Add +0.7% 2,739,831 $337.4M
Cohen & Steers, Inc. 0.56% Reduce -49.8% 2,549,697 $315.0M
Invesco Ltd. 0.06% Reduce -35.9% 2,529,536 $312.5M
Centersquare Investment Management LLC 2.52% Reduce -4.4% 2,177,067 $268.9M
Wellington Management Group LLP 0.04% Add +86.9% 1,974,842 $244.0M
JPMorgan Chase & Co. 0.02% Reduce -13.6% 1,762,175 $217.7M
Goldman Sachs Group Inc. 0.04% Add +47.1% 1,685,252 $208.2M
Dimensional Fund Advisors LP 0.05% Reduce -0.8% 1,584,936 $195.8M
Norges Bank 0.03% Reduce -60.3% 1,516,120 $187.3M
Charles Schwab Investment Management Inc. 0.04% Add +3.6% 1,498,742 $185.1M
Jacobs Levy Equity Management, Inc. 0.61% Add +97.3% 1,279,266 $158.0M
T. Rowe Price Associates Inc. 0.02% Reduce -11.1% 1,196,011 $147.7M
Northern Trust Corp. 0.02% Add +1.7% 1,062,358 $131.2M
Morgan Stanley 0.01% Add +5.1% 1,055,318 $130.4M
Long Pond Capital, LP 5.65% Add +0.4% 1,019,101 $125.9M
Nuveen Asset Management, LLC 0.03% Add +24.6% 945,222 $117.2M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% Add +508.9% 946,417 $116.9M
Bank of New York Mellon Corp 0.02% Reduce -5.8% 858,158 $106.0M
Legal & General Group Plc 0.03% Reduce -4.9% 857,224 $105.9M
Eminence Capital, LP 1.44% Reduce -22.3% 766,588 $94.7M
Principal Financial Group Inc. 0.04% Add +10.5% 538,876 $66.6M
Balyasny Asset Management L.P. 0.17% New 524,271 $64.8M
Bank of America Corp. 0.01% Add +69.9% 468,696 $57.9M
Heitman Real Estate Securities LLC 3.03% Add +3155.8% 449,295 $55.5M
Arrowstreet Capital, Limited Partnership 0.05% Add +21391.1% 433,475 $53.5M
Daiwa Securities Group Inc. 0.24% Add +0.6% 417,529 $51.6M
Macquarie Group Ltd. 0.05% Add +45.4% 408,319 $50.4M
Barclays PLC 0.02% Add +45.4% 407,784 $50.4M
CI Investments Inc. 0.19% Reduce -5.8% 400,814 $49.5M
Samlyn Capital, LLC 0.78% Reduce -28.2% 391,110 $48.3M
Jennison Associates LLC 0.03% New 381,608 $47.1M
T. Rowe Price Investment Management, Inc. 0.03% Reduce -1.8% 371,550 $45.9M
Russell Investments Group, Ltd. 0.07% Add +42.4% 371,510 $45.9M
BNP Paribas Financial Markets 0.04% Reduce -18.1% 355,497 $43.9M
HSBC Holdings PLC 0.03% Reduce -16.2% 346,252 $42.8M
Robeco Institutional Asset Management B.V. 0.08% Add +4254.8% 341,810 $42.2M
Deutsche Bank AG 0.02% Add +27.7% 325,188 $40.2M
Swiss National Bank 0.03% Reduce -0.1% 316,600 $39.1M
Rockefeller Capital Management L.P. 0.10% Add +316.7% 296,413 $36.6M
UBS Group AG 0.01% Add +34.2% 292,192 $36.1M
Sumitomo Mitsui Trust Group, Inc. 0.02% Add +0.6% 290,969 $35.9M
Duquesne Family Office 1.26% Reduce -49.7% 290,915 $35.9M
Aberdeen Group plc 0.07% Add +39.3% 289,669 $35.9M
Boston Trust Walden Corp 0.24% Add +1.2% 283,432 $35.0M
American Century Companies Inc. 0.02% Add +5.0% 260,959 $32.2M
Amundi 0.01% Reduce -22.8% 268,633 $32.2M
Neuberger Berman Group LLC 0.02% Reduce -42.1% 254,279 $31.4M
California Public Employees Retirement System 0.02% Reduce -5.5% 253,804 $31.4M
Allianz Asset Management GmbH 0.05% Reduce -0.8% 245,407 $30.3M
First Financial Bankshares Inc 0.62% Reduce -0.7% 240,108 $29.7M
State of Tennessee, Department of Treasury 0.10% Add +1.0% 233,378 $28.8M
Mitsubishi UFJ Asset Management Co., Ltd. 0.03% Add +10.1% 231,005 $28.5M
Envestnet Asset Management Inc. 0.01% Add +3.4% 230,073 $28.4M
CBRE Investment Management Listed Real Assets LLC 0.44% Reduce -42.1% 225,262 $27.8M
Asset Management One Co., Ltd. 0.10% Add +3.4% 225,108 $27.8M
Voloridge Investment Management, LLC 0.10% New 214,557 $26.5M
CORDA Investment Management, LLC. 2.00% Reduce -2.0% 207,025 $25.6M
Rhumbline Advisers 0.02% Reduce -3.8% 203,838 $25.2M
Public Employees Retirement System of Ohio 0.10% Add +1.3% 192,754 $23.8M
Wells Fargo & Company 0.01% Add +0.0% 190,593 $23.5M
Chilton Capital Management LLC 0.97% Add +0.1% 187,263 $23.3M
Healthcare of Ontario Pension Plan Trust Fund 0.06% Add +60.4% 188,300 $23.3M
Miller Howard Investments Inc. 0.72% Reduce -0.5% 188,006 $23.2M
Franklin Resources Inc. 0.01% Add +3.2% 193,685 $23.2M
Cramer Rosenthal McGlynn LLC 1.24% New 181,207 $22.4M
Heartland Advisors Inc. 1.15% Add +0.3% 177,077 $21.9M
Alliancebernstein L.P. 0.01% Reduce -9.2% 176,673 $21.8M
Acadian Asset Management LLC 0.07% Add +3683.6% 172,155 $21.3M
Sei Investments Co. 0.03% Reduce -47.3% 167,915 $20.7M
Tudor Investment Corporation 0.23% Add +55.5% 167,515 $20.7M
Nomura Asset Management Co. Ltd. 0.06% Add +1.0% 165,744 $20.5M
CANADA LIFE ASSURANCE Co 0.04% Reduce -3.7% 163,562 $20.2M
Sun Life Financial Inc. 1.10% No change 159,528 $19.7M
Investure, LLC 1.35% No change 158,250 $19.5M
Davidson Investment Advisors 0.93% Add +3.8% 155,572 $19.2M
Governors Lane LP 2.97% Add +215.4% 149,500 $18.5M
California State Teachers Retirement System 0.02% Reduce -3.4% 148,553 $18.4M
Los Angeles Capital Management LLC 0.07% Add +4019.0% 145,029 $17.9M
Ameriprise Financial Inc. 0.00% Add +4.8% 144,624 $17.9M
Starwood Capital Group Management, L.L.C. 12.29% New 140,179 $17.3M
Andra AP-fonden 0.24% Add +16.3% 134,600 $16.6M
KBC Group NV 0.05% Add +740.8% 130,562 $16.1M
Aew Capital Management L P 0.67% Reduce -60.2% 125,585 $15.5M
Citigroup Inc. 0.01% Reduce -0.5% 125,569 $15.5M
Public Sector Pension Investment Board 0.08% Add +709.7% 119,644 $14.8M
Ceredex Value Advisors LLC 0.29% Reduce -27.3% 117,900 $14.7M
State of New Jersey Common Pension Fund D 0.06% No change 112,693 $13.9M
Raymond James & Associates 0.01% Add +12.5% 112,548 $13.9M
Royal Bank of Canada 0.00% Reduce -18.4% 112,133 $13.9M
1832 Asset Management L.P. 0.02% New 111,000 $13.7M
Reinhart Partners, Llc. 0.51% Reduce -8.2% 109,557 $13.5M
Uniplan Investment Counsel, Inc. 1.18% Reduce -8.9% 107,717 $13.3M
State of Wisconsin Investment Board 0.03% Add +14.0% 107,669 $13.3M
Manufacturers Life Insurance Company, The 0.01% Add +2.5% 107,361 $13.3M
STRS Ohio 0.05% Add +37.4% 103,999 $12.8M
Banco Santander, S.A. 0.15% Reduce -7.7% 102,317 $12.6M
Bank of Montreal 0.01% Reduce -2.8% 100,305 $12.4M
New York State Teachers Retirement System 0.03% Add +8.2% 98,846 $12.2M
Calamos Advisors LLC 0.08% Reduce -2.4% 96,529 $11.9M
State Board of Administration of Florida Retirement System 0.02% Reduce -8.2% 96,320 $11.9M
D. E. Shaw & Co. 0.02% Add +3995.2% 94,189 $11.6M
Canada Pension Plan Investment Board 0.01% No change 93,900 $11.6M
Prudential Financial Inc. 0.02% Add +3.4% 93,369 $11.5M
Two Sigma Investments, LP 0.03% Reduce -61.5% 90,297 $11.2M
Makena Capital Management LLC 2.59% Reduce -2.4% 87,378 $10.8M
Gateway Investment Advisers LLC 0.12% Add +0.1% 86,404 $10.7M
Nordea Investment Management AB 0.01% Reduce -0.2% 85,102 $10.5M
Riposte Capital LLC 5.37% New 85,000 $10.5M
Retirement Systems of Alabama 0.04% Reduce -1.1% 84,593 $10.4M
Coronation Fund Managers Ltd. 0.58% Reduce -9.4% 84,352 $10.4M
Cerity Partners LLC 0.02% Add +16.3% 80,675 $10.0M
First Sabrepoint Capital Management LP 3.81% Add +6.7% 80,000 $9.9M
AQR Capital Management 0.01% Add +9.0% 78,872 $9.7M
APG Asset Management N.V. 0.06% Reduce -10.2% 86,900 $9.6M
Korea Investment CORP 0.02% Add +8.6% 75,956 $9.4M
Zurcher Kantonalbank (Zurich Cantonalbank) 0.03% Add +0.1% 74,651 $9.2M
Tidal Investments LLC 0.10% Add +22.2% 70,285 $8.7M
Davis Selected Advisers 0.05% Reduce -0.9% 69,820 $8.6M
Carronade Capital Management, LP 2.53% No change 69,162 $8.5M
Socorro Asset Management LP 3.27% No change 67,210 $8.3M
Pictet Asset Management Holding SA 0.01% Reduce -3.5% 66,774 $8.2M
DekaBank Deutsche Girozentrale 0.01% Add +9.3% 66,275 $8.1M
Eagle Asset Management Inc. 0.04% New 66,068 $8.0M
Nisa Investment Advisors, LLC 0.05% Reduce -7.6% 64,408 $8.0M
Adage Capital Partners Gp, L.L.C. 0.01% Add +2.1% 63,000 $7.8M
State of Alaska, Department of Revenue 0.08% Add +0.4% 61,852 $7.6M
Brasada Capital Management, LP 1.32% Reduce -1.4% 61,719 $7.5M
Resona Asset Management Co.,Ltd. 0.04% Reduce -3.8% 58,569 $7.2M
HighTower Advisors, LLC 0.01% Add +5.6% 57,856 $7.1M
Jane Street Group, LLC 0.01% Reduce -73.1% 57,536 $7.1M
Chevy Chase Trust Holdings, LLC 0.02% Reduce -1.7% 57,175 $7.1M
Freestone Capital Holdings, LLC 0.24% No change 55,154 $6.8M
Toronto Dominion Bank 0.01% Add +1.3% 52,669 $6.5M
Sarasin & Partners LLP 0.06% Reduce -5.4% 50,817 $6.3M
Van Eck Associates Corp. 0.01% Add +10.6% 49,730 $6.0M
Danske Bank A/S 0.02% Reduce -7.3% 47,897 $5.9M
HGI Capital Management, LLC 5.15% Add +10.2% 47,838 $5.9M
IFM Investors Pty Ltd 0.06% Reduce -0.0% 47,668 $5.9M
National Bank of Canada 0.01% Add +63.0% 47,611 $5.9M
Corient Private Wealth LP 0.01% Reduce -72.3% 46,841 $5.8M
Mitsubishi UFJ Trust & Banking Corp 0.01% Reduce -5.5% 46,740 $5.8M
U.S. Capital Wealth Advisors, LLC 0.20% Add +4.5% 46,652 $5.8M
Treasurer of the State of North Carolina 0.02% Add +0.5% 46,529 $5.7M
New York State Common Retirement Fund 0.01% Reduce -26.5% 46,333 $5.7M
MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd 0.61% Reduce -2.0% 44,959 $5.6M
Millennium Management 0.00% Reduce -60.8% 44,297 $5.5M
First Trust Advisors LP 0.01% Add +259.9% 43,624 $5.4M
UniSuper Management Pty Ltd 0.04% Reduce -0.8% 42,987 $5.3M
Cibc World Markets Corp. 0.04% Add +210.6% 42,663 $5.3M
Commonwealth of Pennsylvania Public School Empls Retrmt SYS 0.03% Reduce -1.0% 41,312 $5.1M
GoodHaven Capital Management, LLC 1.65% No change 39,810 $4.9M
Stifel Financial Corp. 0.01% Reduce -0.2% 39,790 $4.9M
New York Life Investment Management LLC 0.05% Reduce -9.0% 39,172 $4.8M
Quantinno Capital Management LP 0.06% Add +35.6% 38,801 $4.8M
Bedell Frazier Investment Counselling, LLC 1.14% New 38,512 $4.8M
Mutual of America Capital Management LLC 0.05% Add +10.7% 37,760 $4.7M
Magnetar Financial LLC 0.12% New 37,048 $4.6M
Fielder Capital Group LLC 1.51% Add +9.1% 36,878 $4.6M
Ensign Peak Advisors, Inc 0.01% Reduce -4.6% 36,869 $4.6M
Bessemer Group Inc. 0.01% Add +0.2% 36,399 $4.5M
Storebrand Asset Management As 0.01% Add +8.4% 35,420 $4.4M
Employees Retirement System of Texas 0.04% Reduce -23.9% 35,000 $4.3M
Holocene Advisors, LP 0.02% Reduce -14.4% 33,376 $4.1M
Voya Investment Management LLC 0.00% Reduce -6.8% 32,589 $4.0M
Two Sigma Advisers, LP 0.01% Reduce -79.2% 32,100 $4.0M
Trillium Asset Management, LLC 0.10% Reduce -1.3% 31,799 $3.9M
Handelsbanken Fonder AB 0.02% Add +45.4% 31,700 $3.9M
First Manhattan Co. Llc. 0.01% Add +26.4% 31,377 $3.9M
Aurora Investment Managers, LLC. 2.50% Add +8.9% 31,580 $3.9M
State of Michigan Retirement System 0.02% Reduce -0.6% 31,400 $3.9M
Worldquant Millennium Advisors LLC 0.03% Add +22.9% 31,005 $3.8M
MetLife Investment Management, LLC 0.02% Reduce -2.2% 30,906 $3.8M
Arizona State Retirement System 0.02% Add +3.9% 30,522 $3.8M
Sumitomo Mitsui DS Asset Management Company, Ltd 0.04% Add +5.5% 30,407 $3.8M
ProShare Advisors LLC 0.01% Reduce -5.1% 29,755 $3.7M
LPL Financial LLC 0.00% Add +21.3% 28,599 $3.5M
Nissay Asset Management Corp. /Japan 0.02% Add +4.0% 27,886 $3.4M
TD Asset Management Inc 0.00% Reduce -0.6% 27,798 $3.4M
Corebridge Financial, Inc. 0.02% Reduce -2.7% 26,452 $3.3M
Marshall Wace, LLP 0.00% Add +308.8% 26,088 $3.2M
Country Club Bank 0.21% Reduce -2.5% 25,975 $3.2M
Pensionfund PDN 1.45% No change 25,586 $3.2M
Natixis Advisors, LLC 0.01% Reduce -11.3% 25,111 $3.1M
Stoneridge Investment Partners LLC 1.08% New 23,580 $2.9M
Susquehanna International Group, LLP 0.01% Reduce -15.8% 23,392 $2.9M
Graham Capital Wealth Management, LLC 3.05% Add +0.3% 23,363 $2.9M
Waters Parkerson & Co., LLC 0.15% Add +2.6% 23,234 $2.9M
Vident Advisory, LLC 0.07% Add +2.7% 22,874 $2.8M
SG Americas Securities, LLC 0.01% Add +51.3% 22,185 $2.7M
Johnson Investment Counsel Inc. 0.03% Reduce -19.9% 21,998 $2.7M
Czech National Bank 0.03% Add +7.0% 21,722 $2.7M
NorthCoast Asset Management LLC 0.02% New 21,659 $2.7M
Versor Investments LP 0.42% Add +319.6% 21,400 $2.6M
Skandinaviska Enskilda Banken AB (publ) 0.01% Add +0.9% 21,226 $2.6M
M&T Bank Corp 0.01% Reduce -1.1% 20,829 $2.6M
Amalgamated Bank 0.02% Reduce -3.5% 20,786 $2.6M
Mercer Global Advisors Inc. 0.01% Add +127.1% 20,682 $2.5M
Pensionfund Sabic 0.74% Reduce -22.2% 19,231 $2.4M
Gotham Asset Management 0.02% Add +23.2% 18,976 $2.3M
Fayez Sarofim & Co 0.01% Reduce -0.9% 18,950 $2.3M
Illinois Municipal Retirement Fund 0.03% No change 18,831 $2.3M
Forsta Ap-Fonden 0.02% Add +5.6% 18,800 $2.3M
GAMCO Investors 0.02% Reduce -6.6% 18,450 $2.3M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% Reduce -4.9% 18,019 $2.2M
Sanctuary Advisors, LLC 0.01% Add +43.5% 18,101 $2.2M
Azzad Asset Management Inc. 0.25% Add +3.7% 17,926 $2.2M
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% Reduce -13.2% 17,774 $2.2M
Yousif Capital Management, LLC 0.02% Reduce -1.7% 17,457 $2.2M
Oppenheimer Asset Management Inc. 0.03% Reduce -10.3% 17,418 $2.2M
DNB Asset Management AS 0.01% No change 17,382 $2.1M
Utah Retirement Systems 0.02% Add +0.6% 17,111 $2.1M
Tredje AP-fonden 0.02% No change 17,086 $2.1M
Capital Fund Management S.A. 0.02% Reduce -38.9% 16,936 $2.1M
PNC Financial Services Group, Inc. 0.00% Add +2.1% 16,908 $2.1M
Sterling Capital Management LLC 0.03% — 16,889 $2.1M
Janus Henderson Group PLC 0.00% Reduce -42.2% 16,327 $2.0M
Allspring Global Investments Holdings, LLC 0.00% Reduce -5.4% 16,207 $2.0M
CIBC Asset Management Inc 0.01% Add +7.5% 16,168 $2.0M
HRT Financial LP 0.01% Reduce -66.3% 16,071 $2.0M
Squarepoint Ops LLC 0.01% Reduce -43.3% 16,060 $2.0M
Quadrature Capital Ltd 0.04% Add +334.7% 15,939 $2.0M
Jump Financial, LLC 0.04% Add +301.5% 15,726 $1.9M
Mirae Asset Global Investments Co., Ltd. 0.01% Add +70.3% 15,416 $1.9M
Rafferty Asset Management, LLC 0.01% Add +3.0% 15,157 $1.9M
Osaic Holdings, Inc. 0.00% Reduce -2.0% 15,079 $1.9M
Presima Securities ULC 0.40% Reduce -25.6% 14,840 $1.8M
Martingale Asset Management L P 0.04% New 14,736 $1.8M
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.05% Add +78.2% 14,662 $1.8M
Guggenheim Capital LLC 0.01% Reduce -5.1% 14,647 $1.8M
Xponance LLC 0.02% Add +2.3% 14,534 $1.8M
Credit Agricole S A 0.01% Add +16.3% 14,436 $1.8M
Metis Global Partners, LLC 0.06% Add +21.7% 14,395 $1.8M
Qube Research & Technologies Ltd 0.00% New 14,348 $1.8M
Edgestream Partners, L.P. 0.08% Reduce -62.2% 13,849 $1.7M
Bank of Nova Scotia 0.00% Add +22.7% 13,642 $1.7M
Prelude Capital Management, LLC 0.13% New 13,568 $1.7M
QRG Capital Management, Inc. 0.02% New 13,435 $1.7M
Marex Group Ltd 0.04% Reduce -48.8% 13,000 $1.6M
Harvest Portfolios Group Inc. 0.05% Add +242.8% 12,880 $1.6M
Bull Street Advisors, LLC 0.73% No change 12,735 $1.6M
Telos Capital Management, Inc. 0.16% Add +0.1% 12,608 $1.6M
Panagora Asset Management Inc. 0.01% Add +22.8% 12,261 $1.5M
Fjarde Ap-Fonden /Fourth Swedish National Pension Fund 0.02% — 12,021 $1.5M
AMG National Trust Bank 0.04% Reduce -0.2% 11,635 $1.4M
Moran Wealth Management, LLC 0.04% Add +0.4% 11,436 $1.4M
Pathstone Holdings, LLC 0.01% Add +0.1% 11,028 $1.4M
Capital Square, LLC 0.81% Reduce -3.2% 10,863 $1.3M
First American Bank 0.10% Reduce -8.9% 10,742 $1.3M
Vanguard Personalized Indexing Management, LLC 0.02% Add +9.4% 10,420 $1.3M
Ontario Teachers Pension Plan Board 0.01% Reduce -50.6% 10,314 $1.3M
Kennedy Capital Management LLC 0.03% Reduce -4.1% 10,268 $1.3M
Caisse de depot et placement du Quebec 0.00% New 10,240 $1.3M
Envestnet Portfolio Solutions, Inc. 0.00% Add +0.2% 10,126 $1.3M
Highview Capital Management LLC 0.50% New 10,049 $1.2M
Vinva Investment Management Ltd 0.05% New 9,971 $1.2M
Public Employees Retirement Association of Colorado 0.00% No change 9,898 $1.2M
Tower Research Capital LLC (TRC) 0.03% Reduce -69.9% 9,647 $1.2M
J. Safra Sarasin Holding AG 0.02% Reduce -3.0% 9,610 $1.2M
Spirit of America Management Corp. 0.24% Add +2.1% 9,600 $1.2M
Ossiam 0.02% Add +66.1% 9,593 $1.2M
PARK CIRCLE Co 1.02% No change 9,300 $1.1M
MML Investors Services, LLC 0.00% Add +1.6% 9,294 $1.1M
Oregon Public Employees Retirement Fund 0.02% No change 9,143 $1.1M
Norinchukin Bank, The 0.03% Add +5.9% 9,099 $1.1M
Creative Planning 0.00% Add +5.3% 9,012 $1.1M
XTX Topco Ltd 0.08% Reduce -36.9% 8,823 $1.1M
Verition Fund Management LLC 0.01% Reduce -46.2% 8,742 $1.1M
Gulf International Bank (UK) Ltd 0.03% Reduce -3.4% 8,553 $1.1M
USA Financial Formulas 0.16% New 8,532 $1.1M
Fullerton Fund Management Co Ltd. 0.04% New 8,460 $1.0M
US Bancorp \de 0.00% Add +19.9% 8,370 $1.0M
Hummer Financial Advisory Services Inc 0.81% No change 8,239 $1.0M
Security National Bank 0.14% Add +0.4% 8,297 $1.0M
Captrust Financial Advisors 0.00% Reduce -14.1% 8,282 $1.0M
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% Reduce -34.4% 8,223 $1.0M
Cetera Investment Advisers 0.00% Reduce -2.7% 8,100 $1.0M
Ameritas Investment Partners, Inc. 0.03% No change 8,055 $995K
O'shaughnessy Asset Management, LLC 0.01% Add +82.1% 8,310 $994K
Pacer Advisors, Inc. 0.00% Add +5.5% 8,011 $990K
Teachers Retirement System of the State of Kentucky 0.01% Reduce -26.5% 7,966 $984K
Twin Capital Management Inc. 0.11% Reduce -2.8% 7,786 $962K
DoubleLine ETF Adviser LP 0.23% New 7,615 $941K
Rothschild Investment LLC 0.06% Reduce -1.4% 7,588 $937K
Kentucky Retirement Systems 0.03% Reduce -7.5% 7,429 $918K
GYL Financial Synergies, LLC 0.07% Add +2.3% 7,386 $912K
Oak Thistle LLC 0.29% New 7,233 $893K
Sawyer & Company, Inc 0.33% Reduce -1.5% 7,227 $893K
Ashton Thomas Private Wealth, LLC 0.05% Add +9.0% 6,935 $857K
Mizuho Securities USA LLC 0.02% Reduce -15.9% 6,915 $854K
Grassi Investment Management 0.07% Reduce -6.8% 6,909 $853K
Commonwealth Equity Services, LLC 0.00% Add +214.1% 6,889 $851K
Hartford Investment Management Co. 0.03% Reduce -1.2% 6,720 $830K
SMART Wealth LLC 0.32% New 6,707 $829K
Highland Capital Management, LLC 0.05% New 6,687 $826K
Schroder Investment Management Group 0.00% Add +59.4% 6,714 $824K
Bayesian Capital Management, LP 0.09% New 6,406 $791K
B. Metzler seel. Sohn & Co. Holding AG 0.01% — 6,392 $790K
B. Metzler seel. Sohn & Co. AG 0.01% Reduce -50.4% 6,392 $790K
FIL Ltd 0.00% Add +342.9% 6,369 $787K
Commerce Bank 0.00% Reduce -0.3% 6,329 $782K
ERn Financial, LLC 0.12% Reduce -1.7% 6,193 $765K
Bramshill Investments, LLC 0.08% New 6,112 $755K
Rakuten Investment Management, Inc. 0.00% Add +33.0% 6,040 $747K
Louisiana State Employees Retirement System 0.01% No change 6,000 $741K
Man Group plc 0.00% New 5,943 $734K
Mariner, LLC 0.00% Reduce -2.9% 5,923 $732K
Maryland State Retirement & Pension System 0.02% Reduce -25.9% 5,911 $730K
Legacy Wealth Asset Management, LLC 0.20% Add +0.9% 5,901 $729K
Penserra Capital Management LLC 0.02% Reduce -2.6% 5,870 $725K
Securian Asset Management, Inc. 0.02% Reduce -3.3% 5,815 $718K
Cooper Financial Group 0.09% Add +3.5% 5,811 $718K
Fifth Third Bancorp 0.00% Reduce -24.1% 5,743 $709K
Virtus Investment Advisers, LLC 0.57% New 5,714 $706K
Vestmark Advisory Solutions, Inc. 0.03% Add +138.9% 5,530 $683K
E. Ohman J:or Asset Management AB 0.02% No change 5,500 $679K
First Hawaiian Bank 0.02% Reduce -15.3% 5,460 $674K
Watts Gwilliam & Co., LLC 0.15% — 5,619 $674K
Impax Asset Management Group plc 0.00% New 5,423 $670K
NovaPoint Capital, LLC 0.21% Add +1.5% 5,411 $668K
iA Global Asset Management Inc. 0.01% Reduce -0.3% 5,273 $651K
New Mexico Educational Retirement Board 0.02% Reduce -3.7% 5,200 $642K
Advisors Asset Management, Inc. 0.01% Reduce -36.1% 5,105 $631K
Vanderbilt University 0.11% Reduce -5.6% 4,972 $614K
Avantax Advisory Services, Inc. 0.00% Reduce -10.0% 4,854 $600K
Crossmark Global Holdings, Inc. 0.01% Reduce -5.3% 4,753 $587K
HST Ventures, LLC 0.16% Reduce -48.6% 4,686 $579K
Truist Financial Corp. 0.00% Reduce -74.5% 4,620 $571K
Carret Asset Management, LLC 0.06% No change 4,579 $566K
Saturna Capital Corp. 0.01% No change 4,540 $561K
Aviva PLC 0.00% Add +13.3% 4,538 $561K
Orion Porfolio Solutions, LLC 0.01% Reduce -9.4% 4,533 $560K
Orion Portfolio Solutions, LLC 0.01% Reduce -9.4% 4,533 $560K
Headlands Technologies LLC 0.06% Add +309.6% 4,391 $542K
Pin Oak Investment Advisors Inc. 0.49% No change 4,326 $534K
Northwestern Mutual Wealth Management Co. 0.00% Add +17.4% 4,297 $531K
Fisher Asset Management 0.00% Add +0.1% 4,192 $518K
Thrivent Financial for Lutherans 0.00% Reduce -32.8% 4,184 $517K
Park Avenue Securities LLC 0.01% Reduce -4.7% 4,161 $514K
Alps Advisors Inc. 0.00% Reduce -4.5% 4,115 $508K
Scientech Research LLC 0.10% New 4,070 $503K
&partners 0.01% New 4,023 $497K
Mackenzie Financial Corp. 0.00% Reduce -11.7% 3,971 $491K
Contravisory Investment Management, Inc. 0.10% New 3,927 $485K
YHB Investment Advisors, Inc. 0.04% Reduce -6.1% 3,911 $483K
Silvia McColl Wealth Management, LLC 0.36% No change 3,910 $483K
Tokio Marine Asset Management Co. Ltd. 0.02% Add +15.0% 3,857 $476K
Principal Securities, Inc. 0.01% Add +16.3% 3,791 $468K
Steward Partners Investment Advisory, LLC 0.00% Add +4.6% 3,765 $465K
Nebula Research & Development LLC 0.06% New 3,756 $464K
OMERS ADMINISTRATION Corp 0.00% Reduce -45.6% 3,701 $457K
Gsa Capital Partners LLP 0.03% New 3,668 $453K
BI Asset Management Fondsmaeglerselskab A/S 0.01% New 3,641 $450K
Axiom Investors LLC 0.00% New 3,630 $448K
Banco Bilbao Vizcaya Argentaria, S.A. 0.00% Add +4.5% 3,627 $448K
Bridgefront Capital, LLC 0.17% New 3,584 $443K
Schulhoff & Co. Inc. 0.18% No change 3,572 $441K
Investment Management Corp of Ontario 0.01% Add +50.9% 3,560 $440K
Apollon Wealth Management, LLC 0.01% Reduce -5.1% 3,531 $436K
Johnson Financial Group, Inc. 0.02% Add +10.5% 3,511 $434K
Harbor Capital Advisors, Inc. 0.02% Reduce -4.3% 3,493 $431K
Annis Gardner Whiting Capital Advisors, LLC 0.12% New 3,365 $419K
Northwestern Mutual Investment Management Company, LLC 0.01% Reduce -0.3% 3,381 $418K
GTS Securities LLC 0.01% New 3,220 $398K
Kentucky Retirement Systems Insurance Trust Fund 0.03% Reduce -8.1% 3,157 $390K
Dark Forest Capital Management LP 0.05% New 3,144 $388K
Coldstream Capital Management Inc. 0.01% Add +0.8% 3,034 $375K
Kapitalo Investimentos Ltda 0.09% New 3,015 $372K
Atria Investments, Inc 0.00% Reduce -31.5% 3,008 $372K
Curi Capital, LLC 0.01% No change 3,001 $371K
Wealth Enhancement Advisory Services, LLC 0.00% Add +5.5% 3,000 $371K
Profund Advisors LLC 0.01% New 2,990 $369K
MAI Capital Management 0.00% Reduce -23.1% 2,989 $369K
William Blair Investment Management, LLC 0.00% Reduce -1.6% 2,954 $365K
AlphaStar Capital Management, LLC 0.03% New 2,914 $360K
NewEdge Advisors, LLC 0.00% Add +1812.0% 2,868 $354K
Investment Advisory Services Inc. /TX 0.12% Reduce -16.2% 2,814 $348K
Moody Aldrich Partners LLC 0.06% Reduce -0.1% 2,774 $343K
GAMMA Investing LLC 0.03% Add +22.4% 2,761 $341K
Swiss Life Asset Management Ltd 0.00% Reduce -31.2% 2,749 $339K
Davidson Trust Co. 0.17% Reduce -4.8% 2,735 $338K
True North Advisors, LLC 0.09% Add +16.1% 2,705 $334K
Cambridge Investment Research Advisors, Inc. 0.00% Reduce -40.8% 2,701 $334K
MBB Public Markets I LLC 0.03% Reduce -88.1% 2,700 $334K
HighPoint Advisor Group LLC 0.02% Reduce -0.7% 2,925 $333K
Focus Partners Advisor Solutions, LLC 0.01% New 2,635 $326K
Warwick Investment Management, Inc. 0.08% Add +3.4% 2,570 $317K
Applied Finance Capital Management, LLC 0.01% No change 2,568 $317K
Paloma Partners Management Co 0.02% New 2,552 $315K
Cwm, LLC 0.00% Add +20.4% 2,541 $314K
Meiji Yasuda Asset Management Co Ltd. 0.01% Reduce -3.8% 2,509 $310K
Joel Isaacson & Co., LLC 0.01% No change 2,500 $309K
Bailard, Inc. 0.01% No change 2,500 $309K
NewEdge Wealth, LLC 0.01% Add +5.7% 2,487 $307K
BBR Partners, LLC 0.02% No change 2,486 $307K
Snowden Capital Advisors LLC 0.01% Reduce -17.2% 2,418 $301K
Raymond James Trust N.A. 0.01% Reduce -5.0% 2,389 $295K
Verdence Capital Advisors LLC 0.02% Add +5.0% 2,379 $294K
Townsquare Capital LLC 0.00% New 2,377 $294K
Baird Financial Group, Inc. 0.00% New 2,362 $292K
Vestcor Inc 0.01% No change 2,339 $289K
Janney Montgomery Scott LLC 0.00% New 2,322 $287K
Inspire Investing, LLC 0.03% Reduce -5.1% 2,312 $286K
V-Square Quantitative Management LLC 0.04% Add +3.9% 2,192 $271K
Compound Planning, Inc. 0.02% Add +18.1% 2,169 $268K
Naviter Wealth, LLC 0.04% Reduce -32.6% 2,131 $265K
Natixis 0.00% Reduce -81.2% 2,147 $265K
Leonteq Securities AG 0.03% New 2,132 $263K
Cetera Trust Company, N.A 0.16% Reduce -1.2% 2,125 $263K
AlTi Global, Inc. 0.01% Add +3.1% 2,084 $260K
Ieq Capital, LLC 0.00% New 2,087 $258K
EntryPoint Capital, LLC 0.15% Add +2.0% 2,086 $258K
Wealthfront Advisers LLC 0.00% Reduce -3.4% 2,085 $258K
Ethic Inc. 0.01% Reduce -12.3% 2,594 $255K
Klingman & Associates, LLC 0.02% No change 2,056 $254K
Greenleaf Trust 0.00% Add +1.4% 2,056 $254K
Lido Advisors, LLC 0.00% Add +9.3% 2,043 $252K
Linscomb Wealth, Inc. 0.01% Reduce -12.2% 2,038 $252K
First Trust Direct Indexing L.P. 0.01% New 2,010 $248K
Boothbay Fund Management, LLC 0.01% New 2,006 $248K
CreativeOne Wealth, LLC 0.01% New 2,005 $248K
Traynor Capital Management, Inc. 0.02% No change 2,000 $247K
Formidable Asset Management, LLC 0.04% No change 1,999 $247K
FSM Wealth Advisors, LLC 0.06% New 1,965 $243K
Exchange Traded Concepts, LLC 0.01% Add +37.3% 1,938 $239K
Laird Norton Wetherby Wealth Management, LLC 0.01% Reduce -2.8% 1,927 $238K
Capstone Investment Advisors, LLC 0.01% Add +52.5% 1,914 $236K
Stephens Inc. 0.00% Add +0.2% 1,905 $235K
First Affirmative Financial Network 0.13% Add +2.0% 1,900 $235K
Tectonic Advisors LLC 0.02% Add +0.9% 1,899 $235K
AXA S.A. 0.00% Reduce -0.2% 1,885 $233K
Concurrent Investment Advisors, LLC 0.01% New 1,859 $230K
Dimension Capital Management LLC 0.04% Reduce -56.3% 1,839 $227K
Glenmede Trust Co. NA 0.00% New 1,805 $223K
Bahl & Gaynor LLC 0.00% New 1,785 $221K
Siemens Fonds Invest GmbH 0.02% Reduce -27.4% 1,781 $220K
Prudential PLC 0.00% New 1,770 $219K
Checchi Capital Advisers, LLC 0.02% Reduce -14.6% 1,766 $218K
Moors & Cabot, Inc. 0.01% New 1,730 $214K
Foster & Motley Inc. 0.01% Reduce -8.5% 1,724 $213K
Tufton Capital Management 0.04% New 1,700 $210K
Private Advisor Group, LLC 0.00% New 1,697 $210K
Doliver Advisors, LP 0.06% New 1,688 $209K
Evergreen Capital Management LLC 0.01% New 1,651 $206K
Wolverine Asset Management LLC 0.02% Reduce -86.7% 1,664 $206K
Commerzbank Aktiengesellschaft 0.01% New 1,653 $205K
GeoWealth Management, LLC 0.01% Reduce -26.4% 1,642 $203K
United Capital Financial Advisors, LLC 0.00% New 1,637 $202K
Hamilton Capital Partners Inc. 0.02% New 1,600 $198K
Harvest Fund Management Co., Ltd 0.01% New 1,554 $192K
Canton Hathaway, LLC 0.05% No change 1,500 $185K
Virtus Advisers, LLC 0.09% Reduce -19.1% 1,494 $185K
Horizon Investments, LLC 0.00% Reduce -26.4% 1,461 $180K
Wilmington Savings Fund Society, FSB 0.00% New 1,457 $180K
Federated Hermes, Inc. 0.00% Add +351.1% 1,376 $170K
Bank Julius Baer & Co. Ltd, Zurich 0.00% Reduce -37.1% 1,235 $163K
Signaturefd, LLC 0.00% Add +2.1% 1,246 $154K
Parallel Advisors, LLC 0.00% Add +77.8% 1,214 $150K
TD Private Client Wealth LLC 0.00% Reduce -5.2% 1,190 $147K
Thurston, Springer, Miller, Herd & Titak, Inc. 0.04% Add +6.5% 1,134 $140K
Virtus Fund Advisers, LLC 0.56% New 1,112 $137K
Ostrum Asset Management 0.01% Reduce -89.5% 1,087 $134K
Livforsakringsbolaget Skandia, Omsesidigt 0.01% Add +1538.5% 1,065 $132K
Kelly Lawrence W & Associates Inc. 0.03% Add +100.0% 1,000 $124K
Founders Capital Management 0.07% No change 950 $117K
Lazard Asset Management LLC 0.00% Reduce -68.5% 955 $117K
Trust Co. of Vermont 0.01% No change 900 $111K
Brown Brothers Harriman & Co. 0.00% Add +2.4% 839 $104K
Covestor Ltd 0.06% Reduce -3.8% 834 $103K
Sunbelt Securities, Inc. 0.01% Add +316.0% 832 $103K
Quarry LP 0.03% New 830 $103K
Blue Trust, Inc. 0.00% Add +367.8% 931 $102K
Swedbank AB 0.00% Reduce -81.2% 822 $102K
Federation des caisses Desjardins du Quebec 0.00% No change 807 $100K
Catalyst Funds Management Pty Ltd 0.02% Add +100.0% 800 $99K
Venturi Wealth Management, LLC 0.01% Add +96.7% 781 $96K
Global Retirement Partners, LLC 0.00% Add +27.7% 696 $86K
CIBC Private Wealth Group LLC 0.00% Reduce -20.2% 687 $85K
Optiver Holding B.V. 0.00% New 677 $84K
EverSource Wealth Advisors, LLC 0.01% Add +2.9% 639 $79K
Parkside Financial Bank & Trust 0.01% No change 624 $77K
Simplex Trading, LLC 0.00% Reduce -28.9% 585 $72K
Sentry Investment Management LLC 0.03% New 499 $62K
Loomis Sayles & Co. L P 0.00% Add +1.7% 484 $60K
HM Payson & Co. 0.00% Add +1.5% 481 $59K
American Capital Advisory, LLC 0.03% Add +42.7% 428 $53K
Quadrant Capital Group LLC 0.00% Reduce -15.2% 417 $52K
Farther Finance Advisors, LLC 0.00% Add +5.8% 404 $50K
Mowery & Schoenfeld Wealth Management, LLC 0.08% No change 404 $50K
Versant Capital Management, Inc 0.01% Add +10.1% 403 $50K
Smartleaf Asset Management LLC 0.01% Add +216.7% 399 $49K
Tobam 0.01% Add +20.5% 399 $49K
Huntington National Bank 0.00% Reduce -0.3% 391 $48K
Spire Wealth Management 0.00% Add +0.6% 363 $45K
Towarzystwo Funduszy Inwestycyjnych Pzu SA 0.02% Add +157.1% 360 $44K
DT Investment Partners, LLC 0.00% No change 340 $42K
Cromwell Holdings LLC 0.03% No change 335 $42K
Whittier Trust Co. 0.00% No change 328 $41K
Lindbrook Capital, LLC 0.00% Reduce -2.8% 311 $38K
Neo Ivy Capital Management 0.01% New 306 $38K
Allworth Financial LP 0.00% Reduce -17.5% 307 $38K
Kings Path Partners LLC 0.02% No change 300 $37K
City Holding Co. 0.01% No change 300 $37K
Mather Group, Llc. 0.00% Reduce -98.5% 272 $34K
International Assets Investment Management, LLC 0.00% New 270 $33K
Duncker Streett & Co. Inc. 0.01% No change 250 $31K
Capital Analysts, LLC 0.00% Reduce -1.2% 246 $30K
Citadel Advisors 0.00% Reduce -99.2% 226 $28K
Arax Advisory Partners 0.00% Add +250.8% 221 $27K
CVA Family Office, LLC 0.00% No change 206 $25K
MassMutual Private Wealth & Trust, FSB 0.00% Add +21.4% 176 $22K
Riverview Trust Co 0.02% New 175 $22K
Jones Financial Companies LLLP 0.00% Add +155.9% 174 $22K
Trifecta Capital Advisors, LLC 0.00% Reduce -16.5% 167 $21K
IFP Advisors, Inc 0.00% Add +248.9% 164 $20K
Eastern Bank 0.00% New 150 $19K
Concourse Financial Group Securities, Inc. 0.00% Add +150.8% 148 $18K
Brooklyn Investment Group 0.01% New 139 $17K
Quent Capital, LLC 0.00% No change 131 $16K
Geneos Wealth Management Inc. 0.00% Add +18.2% 130 $16K
UMB Bank, n.a. 0.00% No change 128 $16K
Meeder Asset Management Inc. 0.00% Add +93.5% 120 $15K
Pinnacle Bancorp, Inc. 0.00% New 114 $14K
Glen Eagle Advisors, LLC 0.00% No change 111 $14K
Peregrine Capital Management LLC 0.00% No change 110 $14K
Missouri Trust & Investment Co 0.00% No change 100 $12K
Jaffetilchin Investment Partners, LLC 0.00% New 100 $12K
Group One Trading LLC 0.00% No change 100 $12K
Hollencrest Capital Management 0.00% No change 100 $12K
CENTRAL TRUST Co 0.00% No change 100 $12K
PSI Advisors, LLC 0.00% No change 96 $12K
Prestige Wealth Management Group LLC 0.00% No change 87 $11K
Guardian Wealth Management, Inc. 0.01% No change 85 $11K
Clearstead Advisors, LLC 0.00% Add +523.1% 81 $10K
Earned Wealth Advisors, LLC 0.00% New 77 $10K
Farmers & Merchants Investments Inc. 0.00% No change 75 $9K
Ashton Thomas Securities, LLC 0.00% New 72 $9K
Sachetta, LLC 0.00% No change 68 $8K
Carolinas Wealth Consulting LLC 0.00% No change 67 $8K
Maryland Capital Advisors Inc. 0.00% New 66 $8K
Archer Investment Corp 0.00% No change 66 $8K
Smithfield Trust Co 0.00% No change 60 $7K
GW&K Investment Management, LLC 0.00% No change 57 $7K
Beacon Capital Management, LLC 0.00% New 50 $6K
MV Capital Management, Inc. 0.00% No change 50 $6K
Asset Dedication, LLC 0.00% No change 50 $6K
Whittier Trust Co. of Nevada Inc. 0.00% No change 46 $6K
CoreCap Advisors, LLC 0.00% New 42 $5K
Zions Bancorporation, N.A. 0.00% Reduce -56.8% 32 $4K
Larson Financial Group LLC 0.00% Add +3100.0% 32 $4K
Colonial Trust Co / SC 0.00% Reduce -12.5% 28 $3K
Key Financial Inc 0.00% New 26 $3K
Raleigh Capital Management Inc. 0.00% Add +25.0% 25 $3K
Creative Financial Designs Inc. 0.00% No change 24 $3K
Legacy Investment Solutions, LLC 0.00% — 23 $3K
Legacy Wealth Managment, LLC 0.00% — 23 $3K
Investors Research Corp 0.00% No change 22 $3K
Hudson Edge Investment Partners Inc. 0.00% No change 22 $3K
Painted Porch Advisors LLC 0.00% No change 20 $3K
Bruce G. Allen Investments, LLC 0.00% No change 19 $2K
Lasalle Investment Management Securities LLC 0.00% No change 19 $2K
Continuum Advisory, LLC 0.00% New 17 $2K
Lanark Financial, Inc. 0.00% Reduce -74.0% 19 $2K
Dunhill Financial, LLC 0.00% Add +66.7% 15 $2K
Grove Bank & Trust 0.00% New 15 $2K
TFC Financial Management, Inc. 0.00% No change 15 $2K
Harbour Investments, Inc. 0.00% Add +180.0% 14 $2K
AdvisorNet Financial, Inc 0.00% Add +8.3% 13 $2K
Clearstead Trust, LLC 0.00% New 11 $1K
Private Wealth Management Group, LLC 0.00% No change 10 $1K
Raffa Wealth Management, LLC 0.00% No change 10 $1K
Private Trust Co. NA 0.00% No change 10 $1K
Financial Management Professionals, Inc. 0.00% Reduce -99.8% 7 $1K
Capital Advisors, Ltd. LLC 0.00% No change 6 $1K
Picton Mahoney Asset Management 0.00% New 9 $1K
ClariVest Asset Management LLC 0.00% No change 7 $768
Mattson Financial Services, LLC 0.00% No change 7 $764
Bell Investment Advisors, Inc 0.00% No change 5 $618
Avior Wealth Management, LLC 0.00% Add +400.0% 5 $617
Cornerstone Planning Group LLC 0.00% No change 3 $352
Baldwin Wealth Partners LLC 0.00% New 2 $249
WestEnd Advisors, LLC 0.00% New 1 $124
Avion Wealth 0.00% No change 5 $0
Hemington Wealth Management 0.00% New 3 $0

"% of holder's portfolio" is CPT's weight in each manager's 13F, not the share of Camden Property Trust the manager owns.