Piedmont Realty TrustPDM
13F holders, Q4 2025 (December 31)At the end of Q4 2025, 249 institutions reported holding Piedmont Realty Trust Inc. (PDM) in their 13F filings, down 4 from Q3 2025. 23 opened new positions and 28 sold out. The largest holders were Vanguard Group Inc. ($158.7M), BlackRock, Inc. ($121.1M) and Cohen & Steers, Inc. ($55.9M). 5 famous investors held it, including Cliff Asness (0.0% of AQR Capital Management's portfolio), Ken Griffin (0.0% of Citadel Advisors's portfolio) and Ken Fisher (0.0% of Fisher Asset Management's portfolio).
- Company
- Piedmont Realty Trust Inc.
- CUSIP
- 720190206
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 23 | $12.3M |
| Exits | 28 | $10.5M |
All 13F filers, Q3 2025 → Q4 2025: 8,180,286 shares bought and 5,507,302 shares sold, net +2,672,984 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 249 holders
| Vanguard Group Inc. | 0.00% | Reduce -0.3% | 19,026,998 | $158.7M |
| BlackRock, Inc. | 0.00% | Add +1.7% | 14,518,765 | $121.1M |
| Cohen & Steers, Inc. | 0.10% | Add +13.8% | 6,698,202 | $55.9M |
| State Street Corp. | 0.00% | Reduce -3.0% | 5,389,918 | $45.0M |
| Wilsey Asset Management Inc. | 5.49% | Add +4.4% | 4,240,902 | $35.4M |
| LSV Asset Management | 0.07% | Reduce -5.6% | 3,865,954 | $32.2M |
| Private Management Group Inc. | 0.92% | Reduce -0.5% | 3,776,972 | $31.5M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +9.4% | 3,450,821 | $28.8M |
| Centersquare Investment Management LLC | 0.28% | Add +154.3% | 3,429,364 | $28.6M |
| Geode Capital Management, LLC | 0.00% | Add +1.2% | 3,247,516 | $27.1M |
| Hudson Bay Capital Management LP | 0.17% | Add +1.0% | 3,247,359 | $27.1M |
| Wellington Management Group LLP | 0.00% | Reduce -8.9% | 3,026,107 | $25.2M |
| Prudential Financial Inc. | 0.03% | Add +20.5% | 2,923,776 | $24.4M |
| Ameriprise Financial Inc. | 0.01% | Add +45.6% | 2,739,843 | $22.3M |
| JPMorgan Chase & Co. | 0.00% | Reduce -20.5% | 1,765,199 | $14.7M |
| Dimensional Fund Advisors LP | 0.00% | Reduce -0.5% | 1,678,090 | $14.0M |
| Systematic Financial Management LP | 0.33% | Add +6.3% | 1,676,141 | $14.0M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.02% | Add +8.9% | 1,490,514 | $12.5M |
| Northern Trust Corp. | 0.00% | Reduce -1.0% | 1,424,835 | $11.9M |
| Goldman Sachs Group Inc. | 0.00% | Reduce -12.0% | 1,410,838 | $11.8M |
| Glenmede Trust Co. NA | 0.06% | — | 1,410,834 | $11.8M |
| Morgan Stanley | 0.00% | Add +2.6% | 1,163,645 | $9.7M |
| Bank of America Corp. | 0.00% | Add +26.9% | 888,588 | $7.4M |
| CBRE Investment Management Listed Real Assets LLC | 0.10% | Add +17.6% | 819,238 | $6.8M |
| Clearbridge Investments, LLC | 0.01% | Reduce -8.0% | 803,021 | $6.7M |
| DC Investments Management, LLC | 2.75% | No change | 744,654 | $6.2M |
| Two Sigma Advisers, LP | 0.01% | Reduce -8.0% | 718,600 | $6.0M |
| Massachusetts Financial Services Co. | 0.00% | Reduce -3.2% | 704,837 | $5.9M |
| Balyasny Asset Management L.P. | 0.01% | New | 655,766 | $5.5M |
| Helix Partners Management LP | 3.22% | No change | 625,000 | $5.2M |
| Robeco Institutional Asset Management B.V. | 0.01% | No change | 554,242 | $4.6M |
| Lighthouse Investment Partners, LLC | 0.15% | Add +29.4% | 550,000 | $4.6M |
| Two Sigma Investments, LP | 0.01% | Add +36.9% | 537,726 | $4.5M |
| Legal & General Group Plc | 0.00% | Add +13.5% | 522,654 | $4.4M |
| AQR Capital Management | 0.00% | Reduce -2.9% | 520,085 | $4.3M |
| Bank of New York Mellon Corp | 0.00% | Add +0.2% | 492,699 | $4.1M |
| Apollo Management Holdings, L.P. | 0.05% | New | 483,520 | $4.0M |
| SG Americas Securities, LLC | 0.01% | Add +1.8% | 472,310 | $3.9M |
| Nomura Asset Management International Inc. | 0.01% | — | 409,361 | $3.4M |
| UBS Group AG | 0.00% | Add +0.3% | 403,808 | $3.4M |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 0.02% | Add +0.3% | 388,039 | $3.2M |
| Macquarie Group Ltd. | 0.01% | Reduce -25.7% | 344,411 | $2.9M |
| Wolverine Asset Management LLC | 0.17% | Reduce -47.8% | 340,925 | $2.8M |
| Invesco Ltd. | 0.00% | Reduce -27.0% | 334,347 | $2.8M |
| Nepsis Inc. | 0.85% | Add +47.5% | 329,284 | $2.7M |
| GW&K Investment Management, LLC | 0.02% | Reduce -4.1% | 315,009 | $2.6M |
| Arrowstreet Capital, Limited Partnership | 0.00% | Reduce -48.0% | 295,160 | $2.5M |
| Nuveen, LLC | 0.00% | Reduce -9.3% | 285,753 | $2.4M |
| Swiss National Bank | 0.00% | Add +1.8% | 245,500 | $2.0M |
| CANADA LIFE ASSURANCE Co | 0.00% | Reduce -7.0% | 214,584 | $1.8M |
| OVERSEA-CHINESE BANKING Corp Ltd | 0.05% | Reduce -10.9% | 213,805 | $1.8M |
| Citadel Advisors | 0.00% | New | 199,631 | $1.7M |
| Barclays PLC | 0.00% | Add +10.5% | 198,784 | $1.7M |
| Fisher Asset Management | 0.00% | Reduce -0.3% | 196,868 | $1.6M |
| Nomura Asset Management Co. Ltd. | 0.00% | Add +5.0% | 187,700 | $1.6M |
| Asset Management One Co., Ltd. | 0.00% | Add +6.5% | 184,745 | $1.6M |
| HSBC Holdings PLC | 0.00% | Add +11.8% | 184,407 | $1.5M |
| Rhumbline Advisers | 0.00% | Reduce -12.7% | 182,664 | $1.5M |
| Public Employees Retirement System of Ohio | 0.00% | Reduce -3.1% | 177,217 | $1.5M |
| LPL Financial LLC | 0.00% | Add +6.2% | 176,874 | $1.5M |
| Alliancebernstein L.P. | 0.00% | Reduce -2.8% | 172,066 | $1.4M |
| Wells Fargo & Company | 0.00% | Add +38.0% | 158,088 | $1.3M |
| Focus Partners Wealth | 0.00% | Add +814.1% | 153,036 | $1.3M |
| Deutsche Bank AG | 0.00% | Add +4.7% | 150,313 | $1.3M |
| Raymond James Financial Inc. | 0.00% | Add +1.1% | 142,049 | $1.2M |
| HRT Financial LP | 0.00% | Add +335.8% | 141,414 | $1.2M |
| Sumitomo Mitsui Trust Group, Inc. | 0.00% | Reduce -1.1% | 139,344 | $1.2M |
| Swedbank AB | 0.00% | No change | 138,437 | $1.2M |
| Citigroup Inc. | 0.00% | Add +22.9% | 138,277 | $1.2M |
| T. Rowe Price Associates Inc. | 0.00% | Add +1.9% | 135,685 | $1.1M |
| State of Wisconsin Investment Board | 0.00% | Add +13.8% | 124,896 | $1.0M |
| Allianz Asset Management GmbH | 0.00% | Add +4.2% | 124,201 | $1.0M |
| California State Teachers Retirement System | 0.00% | Reduce -7.0% | 119,571 | $997K |
| Nisa Investment Advisors, LLC | 0.00% | Reduce -5.3% | 113,483 | $946K |
| Quantinno Capital Management LP | 0.00% | Add +23.0% | 109,527 | $913K |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | Add +14.4% | 106,281 | $881K |
| Sei Investments Co. | 0.00% | Reduce -31.3% | 102,664 | $856K |
| Creative Planning | 0.00% | Add +2.1% | 92,959 | $775K |
| Orion Porfolio Solutions, LLC | 0.01% | Reduce -0.3% | 89,516 | $747K |
| Ilmarinen Mutual Pension Insurance Co | 0.01% | No change | 86,000 | $717K |
| Advisors Asset Management, Inc. | 0.01% | Add +22.5% | 84,624 | $706K |
| Martingale Asset Management L P | 0.02% | Add +145.7% | 79,503 | $663K |
| Cambria Investment Management, L.P. | 0.04% | Add +0.0% | 77,571 | $647K |
| State Board of Administration of Florida Retirement System | 0.00% | No change | 76,107 | $635K |
| Commonwealth Equity Services, LLC | 0.00% | Reduce -14.9% | 74,475 | $621K |
| Ieq Capital, LLC | 0.00% | Reduce -20.4% | 73,711 | $615K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | Add +5.9% | 73,395 | $612K |
| Intech Investment Management LLC | 0.01% | No change | 72,564 | $605K |
| Russell Investments Group, Ltd. | 0.00% | Add +0.6% | 72,411 | $604K |
| Lazard Asset Management LLC | 0.00% | No change | 70,380 | $587K |
| Merit Financial Group, LLC | 0.00% | Add +2.1% | 67,292 | $561K |
| State of Alaska, Department of Revenue | 0.01% | Add +0.7% | 67,128 | $559K |
| Amundi | 0.00% | Add +5.0% | 66,177 | $552K |
| MetLife Investment Management, LLC | 0.00% | Reduce -15.6% | 63,711 | $531K |
| Victory Capital Management Inc. | 0.00% | Reduce -66.1% | 61,020 | $509K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Add +0.0% | 57,776 | $482K |
| Inspire Investing, LLC | 0.04% | Add +10.8% | 55,857 | $466K |
| Janus Henderson Group PLC | 0.00% | No change | 53,902 | $450K |
| Resona Asset Management Co.,Ltd. | 0.00% | Reduce -7.0% | 51,826 | $435K |
| Greenland Capital Management LP | 0.07% | Reduce -88.5% | 50,900 | $425K |
| Vanguard Personalized Indexing Management, LLC | 0.00% | Add +0.3% | 49,554 | $413K |
| Osaic Holdings, Inc. | 0.00% | Add +10.7% | 49,499 | $413K |
| Choreo, LLC | 0.01% | Reduce -3.1% | 48,551 | $406K |
| Ethic Inc. | 0.01% | Add +24.9% | 48,320 | $403K |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Add +15.0% | 47,596 | $397K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +8.5% | 46,215 | $391K |
| Daiwa Securities Group Inc. | 0.00% | Add +2.9% | 46,683 | $389K |
| Hazelview Securities Inc. | 0.07% | Add +61.1% | 46,430 | $385K |
| Presima Securities ULC | 0.22% | Add +2.1% | 45,142 | $376K |
| Aberdeen Group plc | 0.00% | Add +12.3% | 44,473 | $371K |
| Graham Capital Management, L.P. | 0.02% | Add +59.2% | 44,442 | $371K |
| Royal Bank of Canada | 0.00% | Reduce -15.5% | 44,032 | $367K |
| Modern Wealth Management, LLC | 0.01% | No change | 41,967 | $350K |
| Van Eck Associates Corp. | 0.00% | Add +10.3% | 40,522 | $338K |
| Geneos Wealth Management Inc. | 0.01% | Add +4.3% | 40,214 | $335K |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.00% | No change | 39,926 | $333K |
| Franklin Resources Inc. | 0.00% | Add +7.5% | 38,951 | $325K |
| Jane Street Group, LLC | 0.00% | Reduce -4.9% | 38,337 | $320K |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -8.6% | 37,851 | $316K |
| Mercer Global Advisors Inc. | 0.00% | Add +0.7% | 37,571 | $313K |
| Cetera Investment Advisers | 0.00% | Reduce -7.1% | 36,972 | $308K |
| Allstate Corp. | 0.00% | New | 35,919 | $300K |
| Arizona State Retirement System | 0.00% | Reduce -5.6% | 34,748 | $290K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | No change | 34,321 | $286K |
| M&T Bank Corp | 0.00% | Add +65.3% | 33,978 | $283K |
| Cwm, LLC | 0.00% | Reduce -1.5% | 33,449 | $279K |
| New York State Common Retirement Fund | 0.00% | No change | 32,987 | $275K |
| BNP Paribas Financial Markets | 0.00% | Add +4.6% | 32,824 | $274K |
| Alps Advisors Inc. | 0.00% | No change | 32,402 | $270K |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 0.00% | Add +55.1% | 30,866 | $257K |
| W1M Asset Management Ltd | 0.00% | New | 29,560 | $247K |
| Metis Global Partners, LLC | 0.01% | No change | 28,057 | $234K |
| FMR LLC | 0.00% | Reduce -36.1% | 27,947 | $233K |
| Vident Advisory, LLC | 0.00% | Reduce -30.2% | 27,491 | $229K |
| KLP Kapitalforvaltning As | 0.00% | No change | 26,600 | $222K |
| Bank of Montreal | 0.00% | No change | 25,668 | $214K |
| DekaBank Deutsche Girozentrale | 0.00% | No change | 27,395 | $208K |
| UniSuper Management Pty Ltd | 0.00% | Reduce -28.4% | 24,700 | $206K |
| Bfsg, LLC | 0.02% | Add +1.2% | 24,010 | $200K |
| Voya Investment Management LLC | 0.00% | No change | 23,826 | $199K |
| Tidal Investments LLC | 0.00% | Add +4.7% | 23,481 | $196K |
| ProShare Advisors LLC | 0.00% | Add +6.9% | 22,725 | $190K |
| STRS Ohio | 0.00% | Reduce -5.6% | 21,900 | $183K |
| Cerity Partners LLC | 0.00% | Add +3.0% | 21,834 | $182K |
| D. E. Shaw & Co. | 0.00% | New | 21,082 | $176K |
| First Trust Advisors LP | 0.00% | Reduce -95.0% | 20,021 | $167K |
| IFM Investors Pty Ltd | 0.00% | No change | 19,826 | $165K |
| Evergreen Capital Management LLC | 0.00% | Reduce -2.0% | 18,880 | $157K |
| Quadrant Capital Group LLC | 0.00% | No change | 18,604 | $155K |
| Signaturefd, LLC | 0.00% | No change | 17,900 | $149K |
| Millennium Management | 0.00% | Reduce -97.3% | 17,797 | $148K |
| Pictet Asset Management Holding SA | 0.00% | No change | 16,530 | $138K |
| Nissay Asset Management Corp. /Japan | 0.00% | Reduce -7.9% | 16,404 | $137K |
| Captrust Financial Advisors | 0.00% | Reduce -3.1% | 15,962 | $133K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 15,871 | $132K |
| Fiduciary Trust Co | 0.00% | Reduce -0.6% | 15,800 | $132K |
| US Bancorp \de | 0.00% | Reduce -3.6% | 15,676 | $131K |
| Csenge Advisory Group | 0.01% | Reduce -17.1% | 15,026 | $125K |
| Scharf Investments, LLC | 0.00% | No change | 14,812 | $124K |
| DGS Capital Management, LLC | 0.02% | Reduce -6.3% | 14,599 | $122K |
| Andrews Advisory Associates, LLC | 0.06% | — | 13,976 | $117K |
| Envestnet Asset Management Inc. | 0.00% | Reduce -65.2% | 13,878 | $116K |
| Novare Capital Management LLC | 0.01% | No change | 13,683 | $114K |
| Mackenzie Financial Corp. | 0.00% | Reduce -1.8% | 13,655 | $114K |
| Landscape Capital Management, L.L.C. | 0.01% | New | 13,453 | $112K |
| PNC Financial Services Group, Inc. | 0.00% | Add +0.2% | 13,214 | $110K |
| J.W. Cole Advisors, Inc. | 0.00% | Reduce -6.9% | 12,973 | $108K |
| Hanover Advisors Inc. | 0.04% | Reduce -5.1% | 12,816 | $107K |
| Arkadios Wealth Advisors | 0.00% | Reduce -1.2% | 12,570 | $105K |
| Private Advisor Group, LLC | 0.00% | No change | 12,496 | $104K |
| Susquehanna International Group, LLP | 0.00% | New | 11,715 | $98K |
| Sherry Group, Inc. | 0.10% | — | 11,423 | $96K |
| Xponance LLC | 0.00% | Add +0.7% | 11,304 | $94K |
| Quantbot Technologies LP | 0.00% | New | 11,288 | $94K |
| Ballentine Partners, LLC | 0.00% | Reduce -6.3% | 10,644 | $89K |
| Ameritas Investment Partners, Inc. | 0.00% | No change | 10,389 | $87K |
| Federation des caisses Desjardins du Quebec | 0.00% | Add +26.4% | 9,854 | $82K |
| Allworth Financial LP | 0.00% | Add +12.7% | 9,766 | $81K |
| Global Retirement Partners, LLC | 0.00% | Add +93.8% | 9,334 | $78K |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | New | 7,512 | $63K |
| Farther Finance Advisors, LLC | 0.00% | Reduce -3.4% | 7,194 | $60K |
| Sterling Capital Management LLC | 0.00% | Reduce -16.8% | 7,167 | $60K |
| Harbour Investments, Inc. | 0.00% | Reduce -16.2% | 6,464 | $54K |
| Pflug Koory, LLC | 0.02% | No change | 4,676 | $39K |
| Spire Wealth Management | 0.00% | Reduce -57.8% | 4,312 | $36K |
| Amalgamated Bank | 0.00% | Reduce -9.3% | 3,907 | $33K |
| Parallel Advisors, LLC | 0.00% | No change | 3,769 | $31K |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | Add +33.5% | 3,639 | $30K |
| Kestra Advisory Services, LLC | 0.00% | New | 3,597 | $30K |
| GAMMA Investing LLC | 0.00% | Reduce -0.8% | 3,133 | $26K |
| WFA of San Diego, LLC | 0.02% | No change | 2,828 | $24K |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | New | 2,733 | $23K |
| AlphaQuest LLC | 0.00% | Add +46.3% | 2,633 | $22K |
| EverSource Wealth Advisors, LLC | 0.00% | Reduce -36.2% | 2,608 | $22K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -68.6% | 2,304 | $19K |
| Brookfield Corp | 0.00% | No change | 2,242 | $19K |
| Jones Financial Companies LLLP | 0.00% | Add +253.8% | 2,077 | $17K |
| GF Fund Management Co. LTD. | 0.00% | Reduce -0.5% | 2,056 | $17K |
| Versant Capital Management, Inc | 0.00% | No change | 2,032 | $17K |
| Sound Income Strategies, LLC | 0.00% | No change | 1,908 | $16K |
| Private Trust Co. NA | 0.00% | No change | 1,655 | $14K |
| Arax Advisory Partners | 0.00% | Reduce -92.5% | 1,423 | $12K |
| Rockefeller Capital Management L.P. | 0.00% | Add +23.3% | 1,270 | $11K |
| Harbor Capital Advisors, Inc. | 0.00% | Reduce -1.7% | 1,247 | $10K |
| Laurel Wealth Advisors LLC | 0.00% | New | 1,068 | $9K |
| Camelot Portfolios, LLC | 0.01% | New | 1,000 | $8K |
| Key Financial Inc | 0.00% | No change | 972 | $8K |
| North Star Investment Management Corp. | 0.00% | No change | 900 | $8K |
| Gilpin Wealth Management, LLC | 0.01% | — | 848 | $7K |
| MAI Capital Management | 0.00% | Add +194.6% | 822 | $7K |
| Center for Financial Planning, Inc. | 0.00% | No change | 756 | $6K |
| Bessemer Group Inc. | 0.00% | New | 743 | $6K |
| Marshall & Sterling Wealth Advisors Inc. | 0.00% | No change | 712 | $6K |
| Strategic Advocates LLC | 0.00% | No change | 668 | $6K |
| Essential Partners LLC | 0.00% | Add +2.0% | 655 | $5K |
| Pinnacle Wealth Planning Services, Inc. | 0.00% | New | 602 | $5K |
| Rothschild Investment LLC | 0.00% | No change | 590 | $5K |
| Smartleaf Asset Management LLC | 0.00% | Add +4.1% | 587 | $5K |
| Cape Investment Advisory, Inc. | 0.00% | No change | 561 | $5K |
| Reyes Financial Architecture, Inc. | 0.00% | New | 504 | $4K |
| Motiv8 Investments LLC | 0.00% | New | 420 | $4K |
| IFP Advisors, Inc | 0.00% | No change | 474 | $4K |
| Fortitude Family Office, LLC | 0.00% | No change | 436 | $4K |
| Private Wealth Management Group, LLC | 0.00% | No change | 374 | $3K |
| UMB Bank, n.a. | 0.00% | No change | 320 | $3K |
| SageView Advisory Group, LLC | 0.00% | New | 305 | $3K |
| NewEdge Advisors, LLC | 0.00% | No change | 269 | $2K |
| Basecamp Wealth Advisors LLC | 0.00% | — | 221 | $2K |
| Physician Wealth Advisors, Inc. | 0.00% | No change | 211 | $2K |
| WPG Advisers, LLC | 0.00% | New | 168 | $1K |
| Assetmark, Inc. | 0.00% | Add +351.4% | 167 | $1K |
| Optima Capital LLC | 0.00% | New | 135 | $1K |
| True Wealth Design, LLC | 0.00% | Add +22.2% | 132 | $1K |
| Picton Mahoney Asset Management | 0.00% | No change | 116 | $967 |
| Optiver Holding B.V. | 0.00% | Reduce -84.0% | 110 | $917 |
| Darwin Wealth Management, LLC | 0.00% | No change | 108 | $903 |
| Aster Capital Management (DIFC) Ltd | 0.00% | Reduce -96.4% | 91 | $759 |
| Parkside Financial Bank & Trust | 0.00% | No change | 76 | $634 |
| Rialto Wealth Management, LLC | 0.00% | No change | 74 | $618 |
| Blue Trust, Inc. | 0.00% | Reduce -34.6% | 70 | $584 |
| Fifth Third Bancorp | 0.00% | No change | 65 | $542 |
| MassMutual Private Wealth & Trust, FSB | 0.00% | No change | 40 | $334 |
| Larson Financial Group LLC | 0.00% | Reduce -25.0% | 39 | $325 |
| Sunbelt Securities, Inc. | 0.00% | No change | 29 | $242 |
| Transamerica Financial Advisors, LLC | 0.00% | New | 7 | $58 |
| Dunhill Financial, LLC | 0.00% | New | 7 | $58 |
| Huntington National Bank | 0.00% | No change | 1 | $8 |
| Avion Wealth | 0.00% | No change | 89 | $0 |
| Covestor Ltd | 0.00% | No change | 9 | $0 |
"% of holder's portfolio" is PDM's weight in each manager's 13F, not the share of Piedmont Realty Trust Inc. the manager owns.