Saul Centers

BFS • NYSE

Saul Centers is a reit - retail company in the real estate sector on NYSE, led by B. Francis Saul II, with a market cap of $776.3M. As of Q3 2025, 50% of shares are held by 154 institutional investors, with BlackRock, Inc. as the largest holder at 8.51%.

Chairman of the Board and Chief Executive OfficerB. Francis Saul II

Market Cap$776.3M

REIT - Retail

Real Estate

Employees79.0

Websitesaulcenters.com

Country

United States of America

Overview

Overview of institutional ownership in BFS as of Q3 2025 with a market cap of $776.6M

All Institutions

Institutions: 154
Value Held: $389.3M
Shares Held: 12.2M
Avg Position: $2.5M
Median Position: $289.9K

Hedge Funds

Hedge Funds: 14
Value Held: $21.6M
Shares Held: 678.7K
Avg Position: $1.5M
Median Position: $686.9K

Ownership Breakdown

Institutional (non-HF)

47.34%

$367.7M

Hedge Funds

2.79%

$21.6M

Retail & Other

49.87%

$387.3M

Based on market cap of $776.6M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in BFS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$66.1M 0.00% of portfolio	8.51% 2.1M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$60.9M 0.00% of portfolio	7.84% 1.9M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
Union Bankshares Corp Institution	Maria Tedesco CEO	$42.7M 0.80% of portfolio	5.50% 1.3M shares	Q2 2025 Held for 5 months	$5.3B
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$40.3M 0.02% of portfolio	5.19% 1.3M shares	Q3 2022 Held for 3y 2m	$161.58B
A ADAGE CAPITAL PARTNERS GP LLC Institution	-	$22.0M 0.03% of portfolio	2.83% 689.2K shares	Q3 2023 Held for 2y 2m	$63.0B
PRINCIPAL FINANCIAL GROUP INC Institution	Deanna Strable CEO	$20.2M 0.01% of portfolio	2.60% 632.3K shares	≤ Q2 2013 Held for 12y 5m+	$197.71B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$15.7M 0.00% of portfolio	2.02% 492.7K shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$10.4M 0.00% of portfolio	1.34% 327.7K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$9.0M 0.01% of portfolio	1.16% 281.7K shares	≤ Q2 2013 Held for 12y 5m+	$75.8B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$6.3M 0.00% of portfolio	0.81% 198.4K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for BFS in Q3 2025

Traded: +$36.1M
Buyers: 74
Sellers: 82
Total Bought: +$58.4M
Total Sold: −$22.3M
Avg Position: $2.1M

Biggest Buyers

Institution	Net Bought	Current Position
Union Bankshares Corp Institution	+$42.7M +1.3M shares	$42.7M 1.3M shares
AMERIPRISE FINANCIAL INC Institution	+$5.1M +160.3K shares	$6.0M 189.8K shares
JPMORGAN CHASE & CO Institution	+$2.2M +68.0K shares	$4.0M 125.3K shares
Invesco Ltd. ETF Provider	+$1.2M +38.9K shares	$5.1M 159.4K shares
M Man Group plc Institution	+$780.8K +24.5K shares	$4.5M 142.6K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$767.3K +24.1K shares	$1.7M 53.8K shares
WEALTHEDGE INVESTMENT ADVISORS, LLC RIA/Wealth	+$663.0K +20.8K shares	$1.9M 58.6K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$509.4K +16.0K shares	$509.4K 16.0K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	+$409.0K +12.8K shares	$22.0M 689.2K shares
DENALI ADVISORS LLC Long Only Manager	+$320.4K +10.1K shares	$747.3K 23.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
B BlackRock, Inc. Institution	−$3.5M −109.5K shares	$66.1M 2.1M shares
L Laurel Wealth Advisors LLC RIA/Wealth	−$2.0M −58.0K shares	Sold Off 0 shares
N Nuveen, LLC Institution	−$1.4M −44.6K shares	$783.4K 24.6K shares
UBS Group AG Institution	−$1.4M −44.0K shares	$766.4K 24.0K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$1.4M −42.4K shares	$3.6M 113.6K shares
GOLDMAN SACHS GROUP INC Institution	−$1.1M −34.4K shares	$2.0M 61.9K shares
H HSBC HOLDINGS PLC Institution	−$736.7K −21.8K shares	Sold Off 0 shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$717.0K −22.5K shares	$777.6K 24.4K shares
MACKENZIE FINANCIAL CORP Long Only Manager	−$710.0K −20.8K shares	Sold Off 0 shares
Bank of New York Mellon Corp Institution	−$656.0K −20.6K shares	$3.5M 108.6K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BFS in Q3 2025

New Positions: 8
New Value: $241.4K
Exited Positions: 28
Exited Value: $6.7M

New Positions

Institution	Position Value
M M&G Plc Institution	$216.6K 6.8K shares
Q Quarry LP Institution	$19.3K 605.0 shares
O Optiver Holding B.V. Institution	$2.2K 70.0 shares
Sontag Advisory, LLC RIA/Wealth	$1.4K 45.0 shares
Transamerica Financial Advisors, Inc. Institution	$1.3K 40.0 shares
Breakwater Investment Management RIA/Wealth	$479.0 15.0 shares
Sunbelt Securities, Inc. RIA/Wealth	$64.0 2.0 shares
A Atlantic Trust Group, LLC Institution	$32.0 1.0 shares

Exited Positions

Institution	Previous Position
L Laurel Wealth Advisors LLC RIA/Wealth	$2.0M 58.0K shares
H HSBC HOLDINGS PLC Institution	$736.7K 21.8K shares
MACKENZIE FINANCIAL CORP Long Only Manager	$710.0K 20.8K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$511.8K 15.0K shares
J JANE STREET GROUP, LLC Institution	$444.2K 13.0K shares
Creative Planning RIA/Wealth	$341.4K 10.0K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$273.6K 8.0K shares
LOS ANGELES CAPITAL MANAGEMENT & EQUITY RESEARCH INC Long Only Manager	$256.1K 7.5K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$255.6K 7.5K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$242.4K 7.1K shares

Options Activity

Institutions with the largest Call and Put options positions in BFS as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with BFS as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
C Crossingbridge Advisors, LLC Long Only Manager	Jonathan Seth Barkoe CFO	1.27% $940.8K	0.12% 30.0K shares	Q4 2024 Held for 11 months	$73.8M
Union Bankshares Corp Institution	Maria Tedesco CEO	0.80% $42.7M	5.50% 1.3M shares	Q2 2025 Held for 5 months	$5.3B
WEALTHEDGE INVESTMENT ADVISORS, LLC RIA/Wealth	Enri Dama CIO	0.71% $1.9M	0.24% 58.6K shares	Q1 2025 Held for 8 months	$262.4M
B BEACON INVESTMENT ADVISORS LLC RIA/Wealth	Eric Joseph Kleinschmidt CCO	0.42% $1.0M	0.13% 32.1K shares	Q4 2022 Held for 2y 11m	$245.3M
Sargent Investment Group, LLC RIA/Wealth	Teresa Marie Schafer CCO	0.11% $741.0K	0.10% 23.3K shares	Q1 2021 Held for 4y 8m	$698.1M
DENALI ADVISORS LLC Long Only Manager	Robert Guenther Snigaroff CIO	0.08% $747.3K	0.10% 23.4K shares	Q4 2024 Held for 11 months	$885.1M
C CARY STREET PARTNERS FINANCIAL LLC Institution	-	0.07% $2.7M	0.35% 85.6K shares	Q4 2024 Held for 11 months	$3.8B
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	David Khabie-Zeitoune CEO	0.07% $779.9K	0.10% 24.5K shares	Q4 2022 Held for 2y 11m	$1.1B
XML Financial, LLC RIA/Wealth	Brett Shane Bernstein CEO	0.05% $560.4K	0.07% 17.6K shares	Q3 2021 Held for 4y 2m	$1.2B
CWM Advisors, LLC ETF Provider	Robert John Netzly CEO	0.04% $454.2K	0.06% 14.3K shares	Q1 2021 Held for 4y 8m	$1.0B

Hedge Fund Spotlight

Discover hedge funds investing in BFS

ARROWSTREET CAPITAL LIMITED PARTNERSHIP

Hedge Fund • Quant

Portfolio ManagerAnthony Ryan

Portfolio Value: $158.92B
Positions: 1,827
Last Reported: Q3 2025

Sector Allocation

Position in Saul Centers

Market Value: $1.7M
Shares Held: 53.8K
Portfolio Weight: 0.00%
Owned Since: 2024-Q2

Top Holding	Sector	Market Value	Weight
1 Apple AAPL	Consumer Electronics Technology	$7.2B	4.51%
2 Microsoft MSFT	Software - Infrastructure Technology	$6.5B	4.11%
3 Nvidia NVDA	Semiconductors Technology	$4.8B	3.02%