Safehold

SAFE • NYSE

Safehold is a reit - diversified company in the real estate sector on NYSE, with a market cap of $1.0B. As of Q3 2025, 67% of shares are held by 199 institutional investors, with BlackRock, Inc. as the largest holder at 13.2%.

Market Cap$1.0B

REIT - Diversified

Real Estate

Websitesafeholdinc.com

Country

United States of America

Overview

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

All Institutions

Institutions: 199
Value Held: $740.8M
Shares Held: 47.9M
Avg Position: $3.7M
Median Position: $393.2K

Hedge Funds

Hedge Funds: 16
Value Held: $32.8M
Shares Held: 2.1M
Avg Position: $2.1M
Median Position: $996.1K

Ownership Breakdown

Institutional (non-HF)

63.7%

$708.0M

Hedge Funds

2.95%

$32.8M

Retail & Other

33.35%

$370.7M

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 SAFE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$146.7M 0.00% of portfolio	13.20% 9.5M shares	Q3 2017 Held for 8y 2m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$117.7M 0.00% of portfolio	10.59% 7.6M shares	Q2 2017 Held for 8y 5m	$6.69T
M MSD CAPITAL L P Institution	-	$89.6M 86.42% of portfolio	8.06% 5.8M shares	Q1 2023 Held for 2y 8m	$103.7M
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$65.5M 0.04% of portfolio	5.89% 4.2M shares	Q3 2022 Held for 3y 2m	$161.58B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$42.1M 0.00% of portfolio	3.75% 2.7M shares	Q3 2017 Held for 8y 2m	$2.88T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$21.9M 0.00% of portfolio	1.97% 1.4M shares	Q4 2017 Held for 7y 11m	$1.56T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$20.9M 0.00% of portfolio	1.88% 1.3M shares	Q3 2017 Held for 8y 2m	$1.57T
N NewEdge Wealth, LLC Institution	-	$18.1M 0.26% of portfolio	1.75% 1.3M shares	Q2 2021 Held for 4y 5m	$6.9B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$14.4M 0.00% of portfolio	1.29% 927.9K shares	Q2 2017 Held for 8y 5m	$1.65T
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$14.0M 0.00% of portfolio	1.26% 900.9K shares	Q3 2017 Held for 8y 2m	$782.01B

Net Capital Flow

Institutional buying and selling activity for SAFE in Q3 2025

Traded: +$11.7M
Buyers: 100
Sellers: 92
Total Bought: +$48.1M
Total Sold: −$36.4M
Avg Position: $3.4M

Biggest Buyers

Institution	Net Bought	Current Position
B BlackRock, Inc. Institution	+$4.6M +296.7K shares	$146.7M 9.5M shares
ALGERT COLDIRON INVESTORS LLC Hedge Fund•Quant	+$4.4M +281.5K shares	$7.5M 486.4K shares
JPMORGAN CHASE & CO Institution	+$4.3M +279.7K shares	$21.9M 1.4M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$3.9M +250.8K shares	$8.7M 562.8K shares
GABELLI FUNDS LLC Long Only Manager	+$3.3M +215.8K shares	$3.3M 215.8K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$3.3M +213.2K shares	$3.7M 237.4K shares
GOLDMAN SACHS GROUP INC Institution	+$3.3M +209.9K shares	$7.5M 481.7K shares
R Russell Investments Group, Ltd. RIA/Wealth	+$2.8M +181.8K shares	$2.9M 185.2K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	+$1.3M +82.5K shares	$1.7M 111.2K shares
C Cubist Systematic Strategies, LLC Institution	+$1.3M +82.3K shares	$2.5M 159.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
F FIL Ltd Institution	−$8.6M −551.5K shares	Sold Off 0 shares
N NewEdge Wealth, LLC Institution	−$6.8M −473.2K shares	$18.1M 1.3M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$2.7M −175.5K shares	Sold Off 0 shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	−$2.2M −139.6K shares	$65.5M 4.2M shares
VANGUARD GROUP INC Institution	−$1.6M −104.6K shares	$117.7M 7.6M shares
B B&I Capital AG Institution	−$1.5M −99.8K shares	$2.0M 126.2K shares
N Nuveen, LLC Institution	−$1.2M −75.0K shares	$2.0M 128.2K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$1.0M −65.1K shares	Sold Off 0 shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$897.9K −58.0K shares	$1.4M 89.3K shares
STATE STREET CORP Institution	−$708.7K −45.2K shares	$42.1M 2.7M shares

Entry and Exit Activity

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

New Positions: 11
New Value: $4.3M
Exited Positions: 20
Exited Value: $14.2M

New Positions

Institution	Position Value
GABELLI FUNDS LLC Long Only Manager	$3.3M 215.8K shares
CWA Asset Management Group, LLC RIA/Wealth	$984.3K 63.5K shares
S Salomon & Ludwin, LLC Institution	$5.1K 328.0 shares
FINANCIAL CONSULATE, INC RIA/Wealth	$4.1K 265.0 shares
B BRYN MAWR TRUST CO/PA Institution	$1.8K 118.0 shares
Sontag Advisory, LLC RIA/Wealth	$1.7K 108.0 shares
O Optiver Holding B.V. Institution	$1.4K 92.0 shares
Transamerica Financial Advisors, Inc. Institution	$783.0 50.0 shares
V Vermillion Wealth Management, Inc. RIA/Wealth	$713.0 46.0 shares
Sunbelt Securities, Inc. RIA/Wealth	$511.0 33.0 shares

Exited Positions

Institution	Previous Position
F FIL Ltd Institution	$8.6M 551.5K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$2.7M 175.5K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$1.0M 65.1K shares
F FOX RUN MANAGEMENT, L.L.C. Hedge Fund•Quant	$414.8K 26.7K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$403.0K 25.9K shares
Frigate Ventures LP RIA/Wealth	$372.0K 23.9K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$230.7K 14.8K shares
M Maryland State Retirement & Pension System Institution	$207.9K 13.4K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$182.1K 11.7K shares
S Skopos Labs, Inc. RIA/Wealth	$34.0K 2.2K shares

Options Activity

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

Call Positions: 4
Call Value: $2.5M
Put Positions: 6
Put Value: $2.5M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.3M 1.5K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$171.9K 111.0 contracts
D D. E. Shaw & Co., Inc. Institution	- - contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.5M 992.0 contracts
D D. E. Shaw & Co., Inc. Institution	$362.5K 234.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$249.4K 161.0 contracts
DLD Asset Management, LP Hedge Fund•Multi-Strategy	$232.4K 150.0 contracts
Q Quarry LP Institution	$77.5K 50.0 contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
M MSD CAPITAL L P Institution	-	86.42% $89.6M	8.06% 5.8M shares	Q1 2023 Held for 2y 8m	$103.7M
M Michelson Medical Research Foundation, Inc. Institution	-	4.01% $4.6M	0.41% 297.5K shares	Q2 2025 Held for 5 months	$115.0M
MSDC Management, L.P. Hedge Fund•Multi-Strategy	Gregg Robert Lemkau CEO	2.29% $3.4M	0.31% 222.6K shares	Q1 2023 Held for 2y 8m	$150.9M
B B&I Capital AG Institution	-	0.68% $2.0M	0.18% 126.2K shares	Q1 2021 Held for 4y 8m	$288.9M
Addison Capital Co RIA/Wealth	Michael Alan Church CEO	0.63% $2.1M	0.19% 137.9K shares	Q4 2017 Held for 7y 11m	$338.9M
Berkeley Capital Partners, LLC RIA/Wealth	Daniel Blake Newberg President	0.56% $2.4M	0.21% 153.4K shares	Q3 2023 Held for 2y 2m	$422.7M
N NewEdge Wealth, LLC Institution	-	0.26% $18.1M	1.75% 1.3M shares	Q2 2021 Held for 4y 5m	$6.9B
Sage Investment Counsel LLC RIA/Wealth	William Dirk Calvin CEO	0.24% $221.5K	0.02% 14.3K shares	Q4 2024 Held for 11 months	$90.7M
Aristotle Capital Boston, LLC Long Only Manager	David Michael Adams CEO	0.22% $4.2M	0.38% 271.7K shares	Q4 2022 Held for 2y 11m	$2.0B
P PEREGRINE CAPITAL MANAGEMENT LLC Long Only Manager	Stephen Gerard Simon CCO	0.15% $5.0M	0.45% 323.1K shares	Q1 2024 Held for 1y 8m	$3.3B