RLJ Lodging Trust

RLJ • NYSE

RLJ Lodging Trust is a reit - hotel & motel company in the real estate sector on NYSE, led by Leslie D. Hale, with a market cap of $1.2B. As of Q3 2025, 89% of shares are held by 210 institutional investors, with VANGUARD GROUP INC as the largest holder at 14.47%.

President and Chief Executive OfficerLeslie D. Hale

Market Cap$1.2B

REIT - Hotel & Motel

Real Estate

Employees79.0

Websiterljlodgingtrust.com

Country

United States of America

Overview

Overview of institutional ownership in RLJ as of Q3 2025 with a market cap of $1.1B

All Institutions

Institutions: 210
Value Held: $965.3M
Shares Held: 133.9M
Avg Position: $4.6M
Median Position: $404.5K

Hedge Funds

Hedge Funds: 23
Value Held: $65.6M
Shares Held: 9.1M
Avg Position: $2.9M
Median Position: $889.4K

Ownership Breakdown

Institutional (non-HF)

83.25%

$899.7M

Hedge Funds

6.07%

$65.6M

Retail & Other

10.68%

$115.4M

Based on market cap of $1.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in RLJ as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$156.4M 0.00% of portfolio	14.47% 21.7M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$125.2M 0.00% of portfolio	11.58% 17.4M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
DONALD SMITH & CO., INC. Long Only Manager	Richard Lawrence Greenberg CEO	$76.9M 1.53% of portfolio	7.11% 10.7M shares	Q4 2023 Held for 1y 11m	$5.0B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$51.9M 0.00% of portfolio	4.71% 7.1M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
H H/2 CREDIT MANAGER LP Institution	-	$45.4M 13.73% of portfolio	4.20% 6.3M shares	Q4 2020 Held for 4y 11m	$330.6M
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$37.5M 0.00% of portfolio	3.47% 5.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$28.6M 0.00% of portfolio	2.65% 4.0M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$26.9M 0.00% of portfolio	2.49% 3.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$26.2M 0.00% of portfolio	2.42% 3.6M shares	≤ Q2 2013 Held for 12y 5m+	$620.51B
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	Anthony Ryan CEO	$21.9M 0.01% of portfolio	2.03% 3.0M shares	Q3 2022 Held for 3y 2m	$158.92B

Net Capital Flow

Institutional buying and selling activity for RLJ in Q3 2025

Traded: +$6.1M
Buyers: 109
Sellers: 94
Total Bought: +$75.9M
Total Sold: −$69.9M
Avg Position: $4.2M

Biggest Buyers

Institution	Net Bought	Current Position
DONALD SMITH & CO., INC. Long Only Manager	+$23.4M +3.3M shares	$76.9M 10.7M shares
UBS Group AG Institution	+$9.3M +1.3M shares	$17.8M 2.5M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$5.5M +759.9K shares	$21.9M 3.0M shares
GOLDMAN SACHS GROUP INC Institution	+$3.3M +462.8K shares	$28.6M 4.0M shares
A Allianz Asset Management AG Institution	+$2.9M +401.2K shares	$15.9M 2.2M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$2.6M +358.2K shares	$12.9M 1.8M shares
C Cubist Systematic Strategies, LLC Institution	+$2.4M +327.0K shares	$2.4M 327.0K shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	+$2.1M +297.4K shares	$2.6M 362.4K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	+$2.0M +280.1K shares	$2.6M 357.3K shares
C CastleKnight Management LP Hedge Fund•Event Driven	+$1.7M +238.8K shares	$7.3M 1.0M shares

Biggest Sellers

Institution	Net Sold	Current Position
B BlackRock, Inc. Institution	−$17.9M −2.5M shares	$125.2M 17.4M shares
VANGUARD GROUP INC Institution	−$10.0M −1.4M shares	$156.4M 21.7M shares
STATE STREET CORP Institution	−$3.8M −524.0K shares	$51.9M 7.1M shares
Q Qube Research & Technologies Ltd Institution	−$3.6M −504.0K shares	$1.5M 204.1K shares
Masterton Capital Management, LP Hedge Fund•Long/Short	−$2.9M −106.3K shares	Sold Off 0 shares
CITIGROUP INC Institution	−$2.6M −362.6K shares	$2.1M 284.8K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$2.4M −335.0K shares	$561.3K 78.0K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$2.2M −306.2K shares	$6.6M 917.6K shares
PRUDENTIAL FINANCIAL INC Institution	−$1.7M −238.7K shares	$3.6M 501.6K shares
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$1.5M −214.6K shares	$2.2M 299.6K shares

Entry and Exit Activity

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

New Positions: 7
New Value: $2.1M
Exited Positions: 19
Exited Value: $7.3M

New Positions

Institution	Position Value
DENALI ADVISORS LLC Long Only Manager	$1.4M 198.9K shares
Optimize Financial Inc RIA/Wealth	$412.5K 57.3K shares
C CAXTON ASSOCIATES LLP Institution	$124.2K 17.2K shares
Mraz, Amerine & Associates, Inc. RIA/Wealth	$100.8K 14.0K shares
C Colony Group, LLC Institution	$73.1K 10.2K shares
Halbert, Hargrove/Russell LLC RIA/Wealth	$1.3K 183.0 shares
Johnson Financial Group, Inc. RIA/Wealth	$978.0 133.0 shares

Exited Positions

Institution	Previous Position
Masterton Capital Management, LP Hedge Fund•Long/Short	$2.9M 106.3K shares
Marshall Wace LLP Institution	$1.5M 206.2K shares
HGI Capital Management, LLC Hedge Fund•Sector	$843.2K 115.8K shares
SEGALL BRYANT & HAMILL Long Only Manager	$839.7K 115.3K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$197.8K 27.2K shares
ARISTEIA CAPITAL LLC Hedge Fund•Multi-Strategy	$153.5K 21.1K shares
AIGEN INVESTMENT MANAGEMENT, LP Hedge Fund•Long/Short	$147.9K 20.3K shares
LEUCADIA NATIONAL CORP Institution	$142.7K 19.6K shares
S Sophron Capital Management L.P. Hedge Fund•Long/Short	$140.5K 19.3K shares
B Belvedere Trading LLC Institution	$125.2K 17.2K shares

Options Activity

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

Call Positions: 1
Call Value: -
Put Positions: 1
Put Value: -

Call Positions

Institution	Position Value
Muzinich & Co., Inc. Long Only Manager	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
H H/2 CREDIT MANAGER LP Institution	-	13.73% $45.4M	4.20% 6.3M shares	Q4 2020 Held for 4y 11m	$330.6M
Alexander Randolph Advisory, Inc. RIA/Wealth	Gary William Schlaffer Chairman	2.50% $3.0M	0.28% 421.9K shares	Q4 2023 Held for 1y 11m	$121.3M
DONALD SMITH & CO., INC. Long Only Manager	Richard Lawrence Greenberg CEO	1.53% $76.9M	7.11% 10.7M shares	Q4 2023 Held for 1y 11m	$5.0B
PALISADE CAPITAL MANAGEMENT LLC/NJ Long Only Manager	Alison Anne Berman CEO	0.65% $21.3M	1.97% 3.0M shares	Q1 2015 Held for 10y 8m	$3.3B
C CastleKnight Management LP Hedge Fund•Event Driven	Aaron Michael Weitman CIO	0.39% $7.3M	0.68% 1.0M shares	Q1 2022 Held for 3y 8m	$1.9B
Optimize Financial Inc RIA/Wealth	Casey Elizabeth Witters CEO	0.21% $412.5K	0.04% 57.3K shares	Q3 2025 Held for 2 months	$192.0M
Vert Asset Management LLC Institution	Sarah Jessica Adams Managing Partner	0.16% $488.6K	0.05% 67.9K shares	Q4 2021 Held for 3y 11m	$297.4M
DENALI ADVISORS LLC Long Only Manager	Robert Guenther Snigaroff CIO	0.16% $1.4M	0.13% 198.9K shares	Q3 2025 Held for 2 months	$885.1M
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	Christopher Lazarus Gust CEO	0.15% $2.2M	0.20% 299.6K shares	Q1 2023 Held for 2y 8m	$1.5B
M MQS Management LLC Hedge Fund•Global Macro	Robert Yale Gelfond CEO	0.12% $212.2K	0.02% 29.5K shares	Q3 2025 Held for 2 months	$171.4M

Hedge Fund Spotlight

Discover hedge funds investing in RLJ

Engineers Gate Manager LP

Hedge Fund • Quant

Portfolio ManagerRobert Gregory Eisner

Portfolio Value: $8.8B
Positions: 2,112
Last Reported: Q3 2025

Sector Allocation

Position in RLJ Lodging Trust

Market Value: $804.4K
Shares Held: 111.7K
Portfolio Weight: 0.01%
Owned Since: 2022-Q2

Top Holding	Sector	Market Value	Weight
1 Invesco QQQ Trust QQQ	ETF ETF	$155.2M	1.77%
2 SPDR S&P 500 ETF Trust SPY	ETF ETF	$115.3M	1.32%
3 Sabra Healthcare SBRA	REIT - Healthcare Facilities Real Estate	$112.9M	1.29%