| 4 | D. E. Shaw & Co., Inc. | 4.9M | $57.6M | +11.3% | 4.051% | 0.03% |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 4.7M | $55.6M | +3.8% | 3.912% | 0.00% |
| 6 | TWO SIGMA INVESTMENTS, LP | 4.0M | $47.1M | -10.6% | 3.317% | 0.03% |
| 7 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 3.9M | $46.4M | -2.8% | 3.267% | 0.02% |
| 8 | AMERICAN CENTURY COMPANIES INC | 3.7M | $43.8M | +24.2% | 3.086% | 0.02% |
| 9 | Woodson Capital Management, LP | 3.3M | $38.9M | +23.6% | 2.739% | 6.51% |
| 10 | STATE STREET CORP | 3.2M | $37.3M | +13.4% | 2.624% | 0.00% |
| 11 | GEODE CAPITAL MANAGEMENT, LLC | 2.8M | $33.6M | -0.2% | 2.363% | 0.00% |
| 12 | GOLDMAN SACHS GROUP INC | 2.7M | $32.0M | +23.1% | 2.254% | 0.00% |
| 13 | CITADEL ADVISORS LLC | 2.4M | $28.2M | -2.8% | 1.988% | 0.00% |
| 14 | UBS Group AG | 2.4M | $27.8M | +9.0% | 1.959% | 0.00% |
| 15 | Nuveen, LLC | 2.3M | $27.7M | +5.4% | 1.949% | 0.01% |
| 16 | AQR CAPITAL MANAGEMENT LLC | 2.2M | $25.4M | +57.4% | 1.791% | 0.01% |
| 17 | AWM Investment Company, Inc. | 1.8M | $21.3M | +21.6% | 1.497% | 1.85% |
| 18 | Kanen Wealth Management LLC | 1.6M | $18.9M | +14.2% | 1.319% | 4.59% |
| 19 | MASTERS CAPITAL MANAGEMENT LLC | 1.5M | $17.7M | -62.5% | 1.245% | 0.45% |
| 20 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1.4M | $16.1M | -36.2% | 1.136% | 0.00% |
| 21 | Qube Research & Technologies Ltd | 1.4M | $16.1M | -57.3% | 1.132% | 0.01% |
| 22 | Crestwood Capital Management, L.P. | 1.3M | $15.3M | -8.3% | 1.079% | 10.04% |
| 23 | ROYCE & ASSOCIATES LP | 1.3M | $15.0M | +122.8% | 1.056% | 0.12% |
| 24 | VANGUARD PORTFOLIO MANAGEMENT LLC | 1.2M | $14.7M | +20.6% | 1.034% | 0.00% |
| 25 | BALYASNY ASSET MANAGEMENT L.P. | 1.2M | $14.0M | — | 0.986% | 0.02% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in REAL — a direct measure of their conviction.
| 82.22% |
| +14.00 pp |
| $487M |
| 52% |
| Q4 2024 | 187 | +23% | 68.22% | +1.32 pp | $1.01B | +350% |
| Q3 2024 | 152 | — | 66.90% | — | $225M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
46 institutions opened new positions in REAL during Q2 2026, while 40 fully exited. 163 added to existing positions and 40 trimmed.
REAL institutional ownership fell by 5.37 percentage points quarter-over-quarter, with a net change of +5 holders.
The top 10 institutions account for 46.0% of all reported 13F value in REAL, and the top 25 account for 69.7%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.