Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Vornado Rlty Tr (VNO)

398 + Investors. Track Smart Money conviction in VNO. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +14
Streak
1Q ▲
Buyers last Q
60%

Smart Money Signals — VNO

Based on 399 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added VNO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (97% of max)

97% of all-time peak
399 hedge funds hold VNO right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding VNO is almost the same as a year ago (+3 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟢

More buyers than sellers — 60% buying

239 buying162 selling
Last quarter: 239 funds were net buyers (74 opened a brand new position + 165 added to an existing one). Only 162 were sellers (102 trimmed + 60 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+15 vs last Q)

new funds entering per quarter
Funds opening a new VNO position: 59 → 44 → 59 → 74. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 17% medium ■ 17% new
261 out of 399 hedge funds have held VNO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -7%, value -29%

Value
-28%
Shares
-7%
Last quarter: funds added -7% more shares while total portfolio value only changed -29%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

61 → 59 → 44 → 59 → 74 new funds/Q
New funds entering each quarter: 59 → 44 → 59 → 74. A growing number of institutions are discovering VNO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 73% veterans vs 19% newcomers

■ 73% veterans ■ 8% 1-2yr ■ 19% new
Entry-cohort mix of 406 holders: 295 (73%) are 2+ year veterans, 33 entered 1–2 years ago, and 78 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds
55 of 395 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in VNO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — VNO

In 2026 Q1, 239 hedge funds were net buyers of VNO (74 opened a new position, 165 added to an existing one), while 162 reduced or exited (102 trimmed, 60 sold completely) — a 60% buyer ratio, indicating clear institutional accumulation. 40% of total institutional value in VNO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +14 funds (more new holders than closures). Total institutional holders: 399.

Hedge Fund Ownership: VNO

How many hedge funds hold VNO — quarterly history vs. share price
Quarterly hedge fund ownership of VNO vs. share price

Market Analysis: VNO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: VNO

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Vornado Rlty Tr (VNO) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much VNO has moved relative to its sector benchmark (XLRE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 79d ago
VNO
+40.3%
XLRE
+7.7%

VNO outperformed XLRE by +32.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
VNO
+19.2%
XLRE
+1.7%

Since the filing became public, VNO outperformed XLRE by +17.5% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

30 top-rated funds 1 high-conviction
Consensus
6.5
/ 10
breadth
×
Elite
1.9
/ 10
conviction
Hedge Fund Positioning: VNO
398 + Investors

Track Smart Money conviction in VNO. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 398 385 3.38%
13F Shares 163M 176M -7.49%
Total Value $3.94B $5.54B -28.87%
New Positions 73 59 +14
Increased Positions 161 127 +34
Closed Positions 60 69 -9
Reduced Positions 102 141 -39
Total Calls 5 4 25.0%
Total Puts 6 6 -
PUT/CALL Ratio 1.2 1.5 Neutral

Statistics: VNO

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

398 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in VNO. Verified SEC 13F-HR filings.

QUARTER:
Top 25 VNO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Kemnay Advisory Services Inc. 24.37% 5,834,481 $151.6M
2 Resolution Capital Ltd 4.08% 7,459,981 $193.9M
3 Waterfall Asset Management, LLC 2.48% 170,500 $4.4M
4 Lodge Hill Capital, LLC 2.13% 425,000 $11.0M
5 Adelante Capital Management LLC 1.42% 798,184 $20.7M
6 Marnell Management LLC 1.29% 142,592 $3.7M
7 Collar Capital Management, LLC 1.28% 75,806 $2.0M
8 Prospect Financial Services LLC 1.11% 70,214 $1.8M
9 Private Management Group Inc 0.98% 1,303,476 $33.9M
10 Centersquare Investment Management LLC 0.92% 3,429,047 $89.1M
11 Taproot Management LP 0.75% 153,442 $4.0M
12 Vert Asset Management LLC 0.65% 79,340 $2.1M
13 First Pacific Advisors, LP 0.61% 1,680,601 $43.7M
14 Cbre Investment Management Listed Real Assets LLC 0.54% 1,408,289 $36.6M
15 Arjuna Capital 0.45% 67,703 $1.8M
16 Duff & Phelps Investment Management Co 0.41% 1,535,960 $39.9M
17 NAN FUNG TRINITY (HK) Ltd 0.41% 143,800 $3.7M
18 Advisors Preferred, LLC 0.31% 80,863 $2.1M
19 Pacific Heights Asset Management LLC 0.30% 350,000 $9.1M
20 Earnest Partners LLC 0.27% 2,496,191 $64.9M
21 Nebula Research & Development LLC 0.26% 79,499 $3.0M
22 Gerald Baker Financial Group LLC 0.25% 15,043 $632K
23 First National Bank Sioux Falls 0.22% 28,300 $803K
24 Levin Capital Strategies, L.P. 0.16% 80,100 $2.1M
25 VARCOV Co. 0.14% 14,186 $369K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Vornado Rlty Tr (VNO)

What does the Smart Money Trend signal show for VNO?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added VNO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for VNO?

More buyers than sellers — 60% buying: Last quarter: 239 funds were net buyers (74 opened a brand new position + 165 added to an existing one). Only 162 were sellers (102 trimmed + 60 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for VNO holders?

Elite ownership — 40% AUM from top-100 funds: 55 of 395 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in VNO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held VNO?

65% of holders stayed for 2+ years: 261 out of 399 hedge funds have held VNO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Vornado Rlty Tr (VNO) following the 2026 Q1 hedge fund 13F filings?

As of today, VNO has moved +19.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.7% for the XLRE sector ETF — an outperformance of +17.5%. Since the quarter end (March 31, 2026), VNO has gained +40.3% vs +7.7% for XLRE. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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