54% buyers of institutions opening or closing positions this quarter
11 more new buyers than exits, ownership fell 14.52 percentage points vs the prior quarter, and no widely-followed fund managers in the top 25.
54% buyers of institutions opening or closing positions this quarter
74.8% institutional ownership
Kemnay Advisory Services portfolio allocation
Institutional ownership vs REIT - Office peers
No Form 4 insider transactions on file
Latest positioning in VNO across 13F flow, ownership shift, marquee holders, and holder-count growth.
Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in VNO held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | American State Bank (Iowa) | 24K | $659.9M | — | 0.013% | 0.07% |
| 2 | BlackRock, Inc. | 22.8M | $592.2M | +5.3% | 12.114% | 0.01% |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 14.6M | $380.4M | — | 7.782% | 0.02% |
| 4 | FRANKLIN RESOURCES INC | 13.2M | $342.0M | +5.2% | 6.996% | 0.08% |
| 5 | STATE STREET CORP | 8.2M | $212.3M | -2.5% | 4.343% | 0.01% |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 7.6M | $198.5M | — | 4.060% | 0.00% |
| 7 | Resolution Capital Ltd | 7.5M | $193.9M | +34.1% | 3.966% | 4.08% |
| 8 | PRINCIPAL FINANCIAL GROUP INC | 5.9M | $153.2M | -2.5% | 3.134% | 0.08% |
| 9 | Kemnay Advisory Services Inc. | 5.8M | $151.6M | 0.0% | 3.102% | 24.37% |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | 3.6M | $92.7M | +6.4% | 1.897% | 0.01% |
| 11 | CENTERSQUARE INVESTMENT MANAGEMENT LLC | 3.4M | $89.1M | +14.2% | 1.823% | 0.92% |
| 12 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 3.2M | $83.4M | +13.0% | 1.707% | 0.01% |
| 13 | NORTHERN TRUST CORP | 2.8M | $71.6M | -0.5% | 1.466% | 0.01% |
| 14 | DIMENSIONAL FUND ADVISORS LP | 2.5M | $65.3M | +0.5% | 1.337% | 0.01% |
| 15 | EARNEST PARTNERS LLC | 2.5M | $64.9M | -0.8% | 1.327% | 0.27% |
| 16 | MORGAN STANLEY | 2.3M | $59.5M | +27.3% | 1.217% | 0.00% |
| 17 | AQR CAPITAL MANAGEMENT LLC | 2.0M | $50.9M | +196.3% | 1.054% | 0.02% |
| 18 | Invesco Ltd. | 1.7M | $45.0M | -46.7% | 0.921% | 0.01% |
| 19 | First Pacific Advisors, LP | 1.7M | $43.7M | +0.2% | 0.894% | 0.61% |
| 20 | Legal & General Group Plc | 1.6M | $42.3M | -9.0% | 0.865% | 0.01% |
| 21 | DUFF & PHELPS INVESTMENT MANAGEMENT CO | 1.5M | $39.9M | +4.7% | 0.817% | 0.41% |
| 22 | CBRE CLARION SECURITIES LLC | 1.4M | $36.6M | -8.8% | 0.749% | 0.54% |
| 23 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.4M | $36.3M | +129.1% | 0.743% | 0.02% |
| 24 | Bank of New York Mellon Corp | 1.4M | $35.9M | -4.9% | 0.735% | 0.01% |
| 25 | UBS Group AG | 1.4M | $35.7M | +33.3% | 0.731% | 0.01% |
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 VNO — a direct measure of their conviction.
Filings activity in VNO during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 393 | +2.9% | 74.75% | 14.52 pp | $4.60B | 16% |
| Q4 2025 | 382 | 1.8% | 89.27% | 10.28 pp | $5.49B | 10% |
| Q3 2025 | 389 | 3.0% | 99.55% | 5.59 pp | $6.12B | 5.3% |
| Q2 2025 | 401 | +3.4% | 105.14% | +10.07 pp | $6.47B | +11% |
| Q1 2025 | 388 | +2.6% | 95.07% | 14.58 pp | $5.85B | 13% |
| Q4 2024 | 378 | +5.9% | 109.65% | +22.09 pp | $6.74B | +25% |
| Q3 2024 | 357 | +6.6% | 87.56% | +7.76 pp | $5.39B | +9.7% |
| Q2 2024 | 335 | — | 79.80% | — | $4.91B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
No recent Form 4 insider transactions on file for VNO.
Quick answers to the most common questions about buying VNO stock.
Based on Q1 2026 13F filings, institutional ownership of Vornado Realty Trust stands at 74.8%, held across 393 reporting institutions.
American State Bank (Iowa) is the largest reported institutional holder of VNO, with approximately 24,268 shares worth $0.66B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of VNO.
Our composite Smart Money Score for VNO is 26 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
74 institutions opened new positions in VNO during Q1 2026, while 63 fully exited. 72 added to existing positions and 244 trimmed.
VNO institutional ownership fell by 14.52 percentage points quarter-over-quarter, with a net change of — holders.
The top 10 institutions account for 64.7% of all reported 13F value in VNO, and the top 25 account for 82.2%.
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.