COPT Defense Properties

CDP • NYSE

COPT Defense Properties is a reit - office company in the real estate sector on NYSE, led by Stephen E. Budorick, with a market cap of $3.3B. As of Q3 2025, 108% of shares are held by 303 institutional investors, with BlackRock, Inc. as the largest holder at 16.15%.

President + Chief Executive OfficerStephen E. Budorick

Market Cap$3.3B

REIT - Office

Real Estate

Employees410.0

Websitecopt.com

Country

United States of America

Overview

Overview of institutional ownership in CDP as of Q3 2025 with a market cap of $3.3B

All Institutions

Institutions: 303
Value Held: $3.5B
Shares Held: 121.5M
Avg Position: $11.7M
Median Position: $934.5K

Hedge Funds

Hedge Funds: 28
Value Held: $194.5M
Shares Held: 6.7M
Avg Position: $6.9M
Median Position: $1.4M

Ownership Breakdown

Institutional (non-HF)

101.72%

$3.3B

Hedge Funds

5.93%

$194.5M

Retail & Other

Based on market cap of $3.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CDP as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$530.1M 0.01% of portfolio	16.15% 18.2M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$494.0M 0.01% of portfolio	15.05% 17.0M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$245.8M 0.08% of portfolio	7.49% 8.5M shares	≤ Q2 2013 Held for 12y 5m+	$317.45B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$190.6M 0.01% of portfolio	5.75% 6.5M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
EARNEST PARTNERS LLC Long Only Manager	Paul Ernest Viera CEO	$137.1M 0.59% of portfolio	4.18% 4.7M shares	Q2 2019 Held for 6y 5m	$23.1B
WESTWOOD HOLDINGS GROUP INC Institution	Brian O. Casey CEO	$103.9M 0.75% of portfolio	3.16% 3.6M shares	Q2 2022 Held for 3y 5m	$13.8B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$103.6M 0.01% of portfolio	3.16% 3.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$91.0M 0.01% of portfolio	2.77% 3.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
Channing Capital Management, LLC Long Only Manager	Rodney Bernard Herenton CEO	$84.7M 2.23% of portfolio	2.58% 2.9M shares	≤ Q2 2013 Held for 12y 5m+	$3.8B
FMR LLC Institution	-	$75.6M 0.00% of portfolio	2.30% 2.6M shares	Q4 2016 Held for 8y 11m	$1.92T

Net Capital Flow

Institutional buying and selling activity for CDP in Q3 2025

Traded: +$64.6M
Buyers: 161
Sellers: 141
Total Bought: +$282.4M
Total Sold: −$217.8M
Avg Position: $10.5M

Biggest Buyers

Institution	Net Bought	Current Position
ALLIANCEBERNSTEIN L.P. Long Only Manager	+$35.3M +1.2M shares	$245.8M 8.5M shares
GRS Advisors, LLC Real Assets	+$28.4M +977.3K shares	$28.4M 977.3K shares
GOLDMAN SACHS GROUP INC Institution	+$19.9M +683.8K shares	$31.9M 1.1M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$19.4M +669.2K shares	$26.2M 900.0K shares
AMERIPRISE FINANCIAL INC Institution	+$17.6M +604.7K shares	$23.0M 791.9K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$15.6M +535.2K shares	$17.1M 587.0K shares
Channing Capital Management, LLC Long Only Manager	+$14.7M +506.6K shares	$84.7M 2.9M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$10.7M +367.0K shares	$10.7M 367.0K shares
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ Long Only Manager	+$8.1M +279.8K shares	$29.1M 1.0M shares
JPMORGAN CHASE & CO Institution	+$7.4M +253.6K shares	$103.6M 3.6M shares

Biggest Sellers

Institution	Net Sold	Current Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$19.8M −681.6K shares	$7.2M 246.3K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	−$15.9M −576.0K shares	Sold Off 0 shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	−$14.0M −481.0K shares	$8.1M 278.3K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$13.0M −446.1K shares	$36.3M 1.2M shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	−$12.1M −416.5K shares	$6.7M 230.8K shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	−$8.8M −319.9K shares	Sold Off 0 shares
BANK OF AMERICA CORP /DE/ Institution	−$8.4M −288.4K shares	$66.5M 2.3M shares
FMR LLC Institution	−$8.1M −277.8K shares	$75.6M 2.6M shares
B BNP Paribas Investment Partners S.A. Institution	−$8.0M −274.3K shares	$25.5M 876.2K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$7.9M −271.3K shares	$22.2M 764.4K shares

Entry and Exit Activity

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

New Positions: 15
New Value: $41.5M
Exited Positions: 33
Exited Value: $52.5M

New Positions

Institution	Position Value
GRS Advisors, LLC Real Assets	$28.4M 977.3K shares
N Northwest & Ethical Investments L.P. Institution	$5.5M 188.0K shares
Levin Easterly Partners LLC Long Only Manager	$3.4M 118.0K shares
Robeco Investment Management, Inc. Long Only Manager	$1.6M 53.4K shares
Passive Capital Management, LLC. RIA/Wealth	$1.2M 43.0K shares
E Elo Mutual Pension Insurance Co Institution	$325.8K 11.2K shares
SRS Capital Advisors, Inc. RIA/Wealth	$292.9K 10.1K shares
Sivia Capital Partners, LLC RIA/Wealth	$244.2K 8.4K shares
Mariner Wealth Advisors, LLC RIA/Wealth	$237.3K 8.2K shares
Sequoia Financial Advisors, LLC RIA/Wealth	$222.8K 7.7K shares

Exited Positions

Institution	Previous Position
JUPITER ASSET MANAGEMENT LTD Long Only Manager	$15.9M 576.0K shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$8.8M 319.9K shares
Marshall Wace LLP Institution	$6.8M 245.4K shares
GREAT LAKES ADVISORS, LLC Long Only Manager	$6.5M 237.2K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	$3.7M 134.9K shares
E Employees Retirement System of Texas Institution	$3.4M 122.0K shares
JENNISON ASSOCIATES LLC Long Only Manager	$2.1M 74.8K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.7M 60.9K shares
Quantbot Technologies LLC Hedge Fund•Quant	$728.8K 26.4K shares
A AXA Institution	$502.9K 18.2K shares

Options Activity

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

Call Positions: 2
Call Value: $328.4K
Put Positions: 1
Put Value: -

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$328.4K 113.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
GRS Advisors, LLC Real Assets	Michael Jacob Geller CIO	2.66% $28.4M	0.87% 977.3K shares	Q3 2025 Held for 2 months	$1.1B
Channing Capital Management, LLC Long Only Manager	Rodney Bernard Herenton CEO	2.23% $84.7M	2.58% 2.9M shares	≤ Q2 2013 Held for 12y 5m+	$3.8B
S Sapience Investments, LLC Long Only Manager	Samir (Nmn) Sikka CEO	1.83% $466.9K	0.01% 16.1K shares	Q4 2021 Held for 3y 11m	$25.5M
WESTWOOD HOLDINGS GROUP INC Institution	Brian O. Casey CEO	0.75% $103.9M	3.16% 3.6M shares	Q2 2022 Held for 3y 5m	$13.8B
Leeward Investments, LLC - MA Long Only Manager	R. Todd Vingers President	0.72% $14.2M	0.43% 487.8K shares	Q1 2022 Held for 3y 8m	$2.0B
EARNEST PARTNERS LLC Long Only Manager	Paul Ernest Viera CEO	0.59% $137.1M	4.18% 4.7M shares	Q2 2019 Held for 6y 5m	$23.1B
CBRE CLARION SECURITIES LLC Real Assets	Joseph Patrick Smith President	0.59% $41.5M	1.26% 1.4M shares	Q3 2024 Held for 1y 2m	$7.0B
G Greenland Capital Management LP Hedge Fund•Multi-Strategy	Michael J Englander CEO	0.57% $3.7M	0.11% 125.9K shares	Q1 2025 Held for 8 months	$641.9M
Presima Inc. Real Assets	Marc-Andre Nmn Flageole CEO	0.52% $1.9M	0.06% 65.1K shares	Q2 2020 Held for 5y 5m	$363.9M
LASALLE INVESTMENT MANAGEMENT SECURITIES LP Real Assets	Ian Scott Mcwilliams Managing Partner	0.50% $12.8M	0.39% 440.6K shares	Q2 2024 Held for 1y 5m	$2.5B