The RMR Group

RMR • NASDAQ

The RMR Group is a real estate - services company in the real estate sector on NASDAQ, led by Adam D. Portnoy, with a market cap of $268.5M. As of Q3 2025, 68% of shares are held by 175 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.58%.

CEOAdam D. Portnoy

Market Cap$268.5M

Real Estate - Services

Real Estate

Employees38.6K

Websitermrgroup.com

Country

United States of America

Overview

Overview of institutional ownership in RMR as of Q3 2025 with a market cap of $265.4M

All Institutions

Institutions: 175
Value Held: $180.2M
Shares Held: 11.5M
Avg Position: $1.0M
Median Position: $53.4K

Hedge Funds

Hedge Funds: 23
Value Held: $38.2M
Shares Held: 2.4M
Avg Position: $1.7M
Median Position: $342.6K

Ownership Breakdown

Institutional (non-HF)

53.49%

$141.9M

Hedge Funds

14.41%

$38.2M

Retail & Other

32.1%

$85.2M

Based on market cap of $265.4M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in RMR as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$25.4M 0.00% of portfolio	9.58% 1.6M shares	Q4 2015 Held for 9y 11m	$6.69T
B BlackRock, Inc. Institution	-	$23.6M 0.00% of portfolio	8.91% 1.5M shares	Q4 2015 Held for 9y 11m	$5.67T
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	Daniel J. Mack Managing Partner	$18.1M 1.12% of portfolio	6.80% 1.1M shares	Q4 2020 Held for 4y 11m	$1.6B
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	Scott Hoy Mcbride CEO	$11.6M 0.04% of portfolio	4.38% 738.2K shares	Q1 2020 Held for 5y 8m	$32.2B
FEDERATED INVESTORS INC /PA/ Long Only Manager	Gregory Philip Dulski Chairman	$8.1M 0.01% of portfolio	3.05% 514.3K shares	Q3 2019 Held for 6y 2m	$56.6B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$7.7M 0.01% of portfolio	2.89% 486.7K shares	Q2 2016 Held for 9y 5m	$75.8B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$7.2M 0.00% of portfolio	2.72% 458.5K shares	Q4 2015 Held for 9y 11m	$1.57T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$6.0M 0.00% of portfolio	2.27% 382.5K shares	Q4 2015 Held for 9y 11m	$2.88T
G Garner Asset Management Corp RIA/Wealth	Robert Sibley Garner President	$6.0M 2.41% of portfolio	2.25% 380.0K shares	Q4 2021 Held for 3y 11m	$248.2M
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$5.9M 0.00% of portfolio	2.23% 376.6K shares	Q4 2015 Held for 9y 11m	$1.65T

Net Capital Flow

Institutional buying and selling activity for RMR in Q3 2025

Traded: −$5.3M
Buyers: 77
Sellers: 59
Total Bought: +$11.4M
Total Sold: −$16.7M
Avg Position: $924.0K

Biggest Buyers

Institution	Net Bought	Current Position
N Nuveen, LLC Institution	+$1.6M +99.8K shares	$3.5M 222.0K shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC Long Only Manager	+$1.4M +86.0K shares	$2.5M 156.5K shares
MORGAN STANLEY RIA/Wealth	+$1.2M +74.9K shares	$5.9M 376.6K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	+$800.7K +50.9K shares	$800.7K 50.9K shares
R Russell Investments Group, Ltd. RIA/Wealth	+$686.9K +43.7K shares	$742.5K 47.2K shares
CWM Advisors, LLC ETF Provider	+$457.3K +29.1K shares	$457.3K 29.1K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$448.7K +28.5K shares	$1.0M 66.0K shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$365.2K +23.2K shares	$578.8K 36.8K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	+$347.9K +22.1K shares	$510.2K 32.4K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$346.6K +22.0K shares	$1.7M 109.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
UBS Group AG Institution	−$1.6M −101.1K shares	$246.7K 15.7K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$1.5M −93.2K shares	$7.7M 486.7K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$1.3M −82.7K shares	$960.2K 61.0K shares
BANK OF AMERICA CORP /DE/ Institution	−$925.6K −58.8K shares	$563.5K 35.8K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$891.4K −56.7K shares	$294.0K 18.7K shares
Numerai GP LLC Hedge Fund•Quant	−$834.5K −53.1K shares	$1.8M 114.4K shares
Flat Footed LLC Hedge Fund•Multi-Strategy	−$827.9K −52.6K shares	$107.5K 6.8K shares
B BlackRock, Inc. Institution	−$822.8K −52.3K shares	$23.6M 1.5M shares
FIRST TRUST ADVISORS LP ETF Provider	−$777.8K −49.5K shares	$190.7K 12.1K shares
H HRT FINANCIAL LLC Institution	−$671.1K −41.0K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 6
New Value: $219.4K
Exited Positions: 20
Exited Value: $2.9M

New Positions

Institution	Position Value
P PharVision Advisers, LLC Hedge Fund•Long/Short	$205.2K 13.0K shares
Triumph Capital Management RIA/Wealth	$5.5K 350.0 shares
O Optiver Holding B.V. Institution	$4.2K 266.0 shares
Union Bankshares Corp Institution	$3.1K 200.0 shares
B Bare Financial Services, Inc Institution	$1.2K 76.0 shares
BARTLETT & CO. WEALTH MANAGEMENT LLC RIA/Wealth	$126.0 8.0 shares

Exited Positions

Institution	Previous Position
H HRT FINANCIAL LLC Institution	$671.1K 41.0K shares
X XTX Topco Ltd Institution	$539.5K 33.0K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$414.7K 25.4K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$305.7K 18.7K shares
SEGALL BRYANT & HAMILL Long Only Manager	$270.2K 16.5K shares
B Brevan Howard Capital Management LP Institution	$263.3K 16.1K shares
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	$243.6K 14.9K shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	$177.0K 10.8K shares
BARROW HANLEY MEWHINNEY & STRAUSS LLC Long Only Manager	$9.6K 589.0 shares
Red Tortoise LLC RIA/Wealth	$4.8K 294.0 shares

Options Activity

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

Call Positions: 1
Call Value: $331.9K
Put Positions: 1
Put Value: $229.7K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$331.9K 211.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$229.7K 146.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
G Garner Asset Management Corp RIA/Wealth	Robert Sibley Garner President	2.41% $6.0M	2.25% 380.0K shares	Q4 2021 Held for 3y 11m	$248.2M
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	Daniel J. Mack Managing Partner	1.12% $18.1M	6.80% 1.1M shares	Q4 2020 Held for 4y 11m	$1.6B
COMMONS CAPITAL, LLC RIA/Wealth	Jonathan David Straus Founder	0.68% $1.0M	0.38% 64.3K shares	Q1 2025 Held for 8 months	$148.8M
L LINCLUDEN MANAGEMENT LTD Institution	-	0.54% $4.6M	1.72% 290.0K shares	Q3 2021 Held for 4y 2m	$850.9M
Numerai GP LLC Hedge Fund•Quant	Richard Malone Craib CEO	0.25% $1.8M	0.68% 114.4K shares	Q1 2025 Held for 8 months	$707.9M
GLOBEFLEX CAPITAL L P Long Only Manager	Marina Loretta Marrelli CEO	0.13% $836.1K	0.32% 53.2K shares	Q1 2017 Held for 8y 8m	$644.8M
Aviance Capital Partners, LLC RIA/Wealth	Jack David Brown Managing Partner	0.12% $1.0M	0.38% 64.9K shares	Q4 2024 Held for 11 months	$842.1M
P PharVision Advisers, LLC Hedge Fund•Long/Short	Blagovest Dimitrov Baychev CEO	0.12% $205.2K	0.08% 13.0K shares	Q3 2025 Held for 2 months	$176.9M
O OXFORD ASSET MANAGEMENT Institution	Henry Stuart Gibson President	0.10% $274.5K	0.10% 17.5K shares	Q1 2025 Held for 8 months	$272.4M
Linden Thomas Advisory Services, LLC RIA/Wealth	Patti Sue Almanza CCO	0.08% $747.8K	0.28% 47.5K shares	Q4 2022 Held for 2y 11m	$988.2M

Hedge Fund Spotlight

Discover hedge funds investing in RMR

CastleKnight Management LP

Hedge Fund • Event Driven

Portfolio ManagerAaron Michael Weitman

Portfolio Value: $1.9B
Positions: 365
Last Reported: Q3 2025

Sector Allocation

Position in The RMR Group

Market Value: $157.3K
Shares Held: 10.0K
Portfolio Weight: 0.01%
Owned Since: 2022-Q1

Top Holding	Sector	Market Value	Weight
1 Marvell Technology, Inc. MRVL	Semiconductors Technology	$57.3M	3.08%
2 Micron Technology MU	Semiconductors Technology	$48.0M	2.58%
3 Modine Manufacturing MOD	Auto - Parts Consumer Cyclical	$46.3M	2.49%