Brandywine Realty Trust (BDN) shareholders
BDNNYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 13/3070% below fair value
$3.05−0.01 (-0.33%)
Close on Nov 13, 2026Market cap $518.64MP/E –Yield 17.38%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
75.2%
128M of 170M shares
Institutional holders
232
25 new, 20 sold out
Net institutional buying
3M
In Q2 2026
Insider trades, 12 months
1 buys · 0 sales
Net bought $100.34K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 16,254,828 | 9.40% | 13G (passive) amendment | Jan 31, 2026 |
| BlackRock Portfolio Management LLC | 9,003,402 | 5.20% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of BDN | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 25,755,775 | 15.15% | $81.65M | +3,713,889 | 0.00% |
| Vanguard Portfolio Management LLC | 8,646,416 | 5.08% | $27.41M | −85,866 | 0.00% |
| Vanguard Capital Management LLC | 7,384,527 | 4.34% | $23.41M | −12,111 | 0.00% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 6,772,580 | 3.98% | $21.47M | +202,434 | 0.03% |
| State Street Corp | 5,745,458 | 3.38% | $18.21M | +214,990 | 0.00% |
| Goldman Sachs Group Inc | 5,438,475 | 3.20% | $17.24M | +918,971 | 0.00% |
| Aqr Capital Management LLC | 5,398,887 | 3.17% | $17.11M | +1,914,175 | 0.01% |
| Charles Schwab Investment Management Inc | 5,116,320 | 3.01% | $16.22M | −412,029 | 0.00% |
| Geode Capital Management, LLC | 4,972,587 | 2.92% | $15.77M | +248,465 | 0.00% |
| Ameriprise Financial Inc | 4,185,954 | 2.46% | $13.27M | +583,418 | 0.00% |
| LM Asset (IM) Inc. | 3,369,000 | 1.98% | $10.68M | −371,000 | 6.62% |
| Two Sigma Investments, LP | 3,288,148 | 1.93% | $10.42M | +77,302 | 0.01% |
| Jane Street Group, LLC | 2,929,233 | 1.72% | $9.29M | +323,948 | 0.00% |
| Divco West Real Estate Services, LLC | 2,445,594 | 1.44% | $7.75M | – | 8.24% |
| Dimensional Fund Advisors LP | 2,121,993 | 1.25% | $6.73M | +253,579 | 0.00% |
| Northern Trust Corp | 1,793,646 | 1.05% | $5.69M | +112,951 | 0.00% |
| Marshall Wace, Llp | 1,786,385 | 1.05% | $5.66M | +1,746,461 | 0.00% |
| Allianz Asset Management GmbH | 1,778,232 | 1.05% | $5.64M | +380,239 | 0.01% |
| Morgan Stanley | 1,404,908 | 0.83% | $4.45M | −271,793 | 0.00% |
| Tudor Investment Corp Et Al | 1,339,385 | 0.79% | $4.25M | +457,266 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 232 | 128M | 75.2% | 25 / 107 | 67 / 20 | 15M | 12M |
| Q1 2026 | 231 | 125M | 73.4% | 44 / 83 | 78 / 54 | 35M | 33M |
| Q4 2025 | 248 | 148M | 87.0% | 40 / 79 | 97 / 44 | 24M | 23M |
| Q3 2025 | 256 | 147M | 86.7% | 34 / 99 | 86 / 38 | 13M | 13M |
| Q2 2025 | 261 | 148M | 86.9% | 24 / 107 | 84 / 36 | 12M | 13M |
| Q1 2025 | 276 | 149M | 87.8% | 36 / 93 | 99 / 22 | 13M | 17M |
| Q4 2024 | 265 | 155M | 91.0% | 27 / 95 | 85 / 43 | 21M | 16M |
| Q3 2024 | 283 | 150M | 88.1% | 48 / 91 | 90 / 13 | 43M | 12M |
| Q2 2024 | 250 | 153M | 89.8% | 23 / 78 | 103 / 21 | 9M | 16M |
| Q1 2024 | 249 | 160M | 94.2% | 31 / 88 | 91 / 43 | 13M | 12M |
| Q4 2023 | 262 | 160M | 94.0% | 44 / 86 | 94 / 25 | 14M | 14M |
| Q3 2023 | 246 | 160M | 94.1% | 23 / 86 | 90 / 22 | 8M | 9M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
157 funds held BDN in Q2 2026, 61% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of BDN | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Real Estate Index Fund | 6,279,802 | 3.69% | $19.09M | 0.03% | Jul 31, 2026 |
| Vanguard Total Stock Market Index Fund | 5,237,949 | 3.08% | $16.60M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 4,509,613 | 2.65% | $14.30M | 0.02% | Jun 30, 2026 |
| Global X SuperDividend ETF | 3,837,066 | 2.26% | $11.66M | 0.96% | Jul 31, 2026 |
| Columbia Small Cap Value Discovery Fund | 3,099,799 | 1.82% | $9.42M | 0.38% | Jul 31, 2026 |
| BlackRock Advantage Small Cap Core Fund | 2,058,881 | 1.21% | $6.38M | 0.12% | May 29, 2026 |
| Vanguard Extended Market Index Fund | 1,971,279 | 1.16% | $6.25M | 0.01% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 1,915,698 | 1.13% | $5.82M | 0.02% | Jul 31, 2026 |
| Schwab Fundamental U.S. Small Company ETF | 1,893,880 | 1.11% | $5.87M | 0.07% | May 31, 2026 |
| iShares Russell 2000 Value ETF | 1,684,142 | 0.99% | $5.34M | 0.04% | Jun 30, 2026 |
| Schwab U.S. REIT ETF | 1,232,839 | 0.73% | $3.82M | 0.04% | May 31, 2026 |
| Goldman Sachs Small Cap Value Insights Fund | 1,142,588 | 0.67% | $3.47M | 0.26% | Jul 31, 2026 |
| PIMCO RAE US Small Fund | 1,139,729 | 0.67% | $3.61M | 0.10% | Jun 30, 2026 |
| iShares U.S. Small-Cap Equity Factor ETF | 1,120,002 | 0.66% | $3.40M | 0.08% | Jul 31, 2026 |
| Vanguard Real Estate Ii Index Fund | 1,107,338 | 0.65% | $3.37M | 0.03% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Gerard H. Sweeney | President and CEO, Director | 4,207,691 | 2.47% | Sep 16, 2026 |
| Daniel A. Palazzo | SVP & Chief Accounting Officer | 246,751 | 0.15% | Apr 17, 2026 |
| William D. Redd | EVP & Senior Managing Director | 666,358 | 0.39% | Apr 17, 2026 |
| Shawn Neuman | General Counsel & Secretary | 267,083 | 0.16% | Apr 17, 2026 |
| Tom Wirth | Executive Vice President & CFO | 936,854 | 0.55% | Apr 17, 2026 |
| H. Jeffrey Devuono | EVP & Senior Managing Director | 770,998 | 0.45% | Apr 17, 2026 |
| George Johnstone | EVP, Operations | 532,837 | 0.31% | Jan 26, 2026 |
| Terri A. Herubin | Director | 76,329 | 0.04% | Sep 29, 2026 |
| Reginald DesRoches | Director | 122,028 | 0.07% | Jun 1, 2026 |
| Joan Lau | Director | 121,445 | 0.07% | Jun 1, 2026 |
| James C. Diggs | Director | 166,254 | 0.10% | Jun 1, 2026 |
| Charles P. Pizzi | Director | 203,772 | 0.12% | Jun 1, 2026 |
| H. Richard Haverstick Jr | Director | 170,929 | 0.10% | Jun 1, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Gerard H. Sweeney President and CEO, Director | Sep 14, 2026 | Buy | +33,900 | $2.96 | $100.34K | 4,207,691 |
| Gerard H. Sweeney President and CEO, Director | Jul 6, 2026 | Tax withholding | −1,749 | $3.17 | $5.54K | 4,168,150 |
| James C. Diggs Director | May 28, 2026 | Award | +37,582 | – | – | 166,254 |
| Joan Lau Director | May 28, 2026 | Award | +37,582 | – | – | 121,445 |
| Reginald DesRoches Director | May 28, 2026 | Award | +37,582 | – | – | 122,028 |
| H. Richard Haverstick Jr Director | May 28, 2026 | Award | +37,582 | – | – | 170,929 |
| Charles P. Pizzi Director | May 28, 2026 | Award | +37,582 | – | – | 203,772 |
| William D. Redd EVP & Senior Managing Director | Apr 15, 2026 | Tax withholding | −10,009 | $2.76 | $27.62K | 666,358 |
| Tom Wirth Executive Vice President & CFO | Apr 15, 2026 | Tax withholding | −35,681 | $2.76 | $98.48K | 936,854 |
| Shawn Neuman General Counsel & Secretary | Apr 15, 2026 | Tax withholding | −21,114 | $2.76 | $58.27K | 267,083 |
| H. Jeffrey Devuono EVP & Senior Managing Director | Apr 15, 2026 | Tax withholding | −24,632 | $2.76 | $67.98K | 770,998 |
| Gerard H. Sweeney President and CEO, Director | Apr 15, 2026 | Tax withholding | −5,988 | $2.76 | $16.53K | 4,169,899 |
| Daniel A. Palazzo SVP & Chief Accounting Officer | Apr 15, 2026 | Tax withholding | −2,405 | $2.76 | $6.64K | 246,751 |
| H. Jeffrey Devuono EVP & Senior Managing Director | Feb 27, 2026 | Award | +155,923 | $3.16 | $492.72K | 799,294 |
| H. Jeffrey Devuono EVP & Senior Managing Director | Feb 27, 2026 | Tax withholding | −3,664 | $3.16 | $11.58K | 795,630 |
| Gerard H. Sweeney President and CEO, Director | Feb 27, 2026 | Award | +607,595 | $3.16 | $1.92M | 4,185,339 |
| Gerard H. Sweeney President and CEO, Director | Feb 27, 2026 | Tax withholding | −14,278 | $3.16 | $45.12K | 4,171,061 |
| Tom Wirth Executive Vice President & CFO | Feb 27, 2026 | Tax withholding | −4,940 | $3.16 | $15.61K | 972,535 |
| Tom Wirth Executive Vice President & CFO | Feb 27, 2026 | Award | +210,197 | $3.16 | $664.22K | 977,475 |
| Daniel A. Palazzo SVP & Chief Accounting Officer | Feb 27, 2026 | Award | +56,962 | $3.16 | $180.00K | 249,156 |
| Shawn Neuman General Counsel & Secretary | Feb 27, 2026 | Award | +94,146 | $3.16 | $297.50K | 288,197 |
| William D. Redd EVP & Senior Managing Director | Feb 27, 2026 | Award | +145,570 | $3.16 | $460.00K | 679,788 |
| William D. Redd EVP & Senior Managing Director | Feb 27, 2026 | Tax withholding | −3,421 | $3.16 | $10.81K | 676,367 |
| Daniel A. Palazzo SVP & Chief Accounting Officer | Feb 4, 2026 | Tax withholding | −2,305 | $2.83 | $6.52K | 192,194 |
| Gerard H. Sweeney President and CEO, Director | Feb 4, 2026 | Tax withholding | −4,178 | $2.83 | $11.82K | 3,549,720 |
| Tom Wirth Executive Vice President & CFO | Feb 4, 2026 | Tax withholding | −2,698 | $2.83 | $7.64K | 767,278 |
| Daniel A. Palazzo SVP & Chief Accounting Officer | Jan 23, 2026 | Tax withholding | −7,431 | $3.03 | $22.52K | 194,499 |
| Tom Wirth Executive Vice President & CFO | Jan 23, 2026 | Tax withholding | −36,883 | $3.03 | $111.76K | 699,788 |
| Tom Wirth Executive Vice President & CFO | Jan 23, 2026 | Tax withholding | −33,536 | $3.03 | $101.61K | 769,976 |
| William D. Redd EVP & Senior Managing Director | Jan 23, 2026 | Tax withholding | −13,535 | $3.03 | $41.01K | 534,218 |
| William D. Redd EVP & Senior Managing Director | Jan 23, 2026 | Tax withholding | −13,295 | $3.03 | $40.28K | 479,503 |
| H. Jeffrey Devuono EVP & Senior Managing Director | Jan 23, 2026 | Tax withholding | −23,302 | $3.03 | $70.61K | 587,501 |
| H. Jeffrey Devuono EVP & Senior Managing Director | Jan 23, 2026 | Tax withholding | −17,234 | $3.03 | $52.22K | 643,371 |
| Gerard H. Sweeney President and CEO, Director | Jan 23, 2026 | Tax withholding | −13,923 | $3.03 | $42.19K | 3,553,898 |
| Gerard H. Sweeney President and CEO, Director | Jan 23, 2026 | Tax withholding | +9,432 | $3.03 | $28.58K | 3,257,361 |
| George Johnstone EVP, Operations | Jan 23, 2026 | Tax withholding | −26,405 | $3.03 | $80.01K | 532,837 |
| George Johnstone EVP, Operations | Jan 23, 2026 | Tax withholding | −24,505 | $3.03 | $74.25K | 574,364 |
| Shawn Neuman General Counsel & Secretary | Jan 23, 2026 | Tax withholding | −7,807 | $3.03 | $23.66K | 194,051 |
| Shawn Neuman General Counsel & Secretary | Jan 23, 2026 | Tax withholding | −14,795 | $3.03 | $44.83K | 173,650 |
| Daniel A. Palazzo SVP & Chief Accounting Officer | Jan 22, 2026 | Award | +17,391 | – | – | 201,930 |
| Tom Wirth Executive Vice President & CFO | Jan 22, 2026 | Award | +73,760 | – | – | 736,671 |
| Tom Wirth Executive Vice President & CFO | Jan 22, 2026 | Award | +103,724 | – | – | 803,512 |
| William D. Redd EVP & Senior Managing Director | Jan 22, 2026 | Award | +54,599 | – | – | 492,798 |
| William D. Redd EVP & Senior Managing Director | Jan 22, 2026 | Award | +68,250 | – | – | 547,753 |
| H. Jeffrey Devuono EVP & Senior Managing Director | Jan 22, 2026 | Award | +73,104 | – | – | 660,605 |
| H. Jeffrey Devuono EVP & Senior Managing Director | Jan 22, 2026 | Award | +58,483 | – | – | 610,803 |
| Gerard H. Sweeney President and CEO, Director | Jan 22, 2026 | Award | +310,460 | – | – | 3,567,821 |
| Gerard H. Sweeney President and CEO, Director | Jan 22, 2026 | Award | +220,772 | – | – | 3,266,793 |
| George Johnstone EVP, Operations | Jan 22, 2026 | Award | +52,825 | – | – | 559,242 |
| George Johnstone EVP, Operations | Jan 22, 2026 | Award | +66,032 | – | – | 598,869 |
| Shawn Neuman General Counsel & Secretary | Jan 22, 2026 | Award | +28,208 | – | – | 201,858 |
| Shawn Neuman General Counsel & Secretary | Jan 22, 2026 | Award | +30,089 | – | – | 188,445 |
| Gerard H. Sweeney President and CEO, Director | Nov 10, 2025 | Buy | +88,500 | $3.38 | $299.13K | 3,042,210 |
| James C. Diggs Director | Oct 30, 2025 | Sale | −23,190 | $3.47 | $80.47K | 128,672 |
| Gerard H. Sweeney President and CEO, Director | Jul 7, 2025 | Tax withholding | −2,951 | $4.29 | $12.66K | 2,946,141 |
| Reginald DesRoches Director | Jun 9, 2025 | Sale | −15,000 | $4.55 | $68.25K | 84,466 |
| Joan Lau Director | May 21, 2025 | Award | +27,644 | $4.16 | $115.00K | 83,863 |
| James C. Diggs Director | May 21, 2025 | Award | +27,644 | $4.16 | $115.00K | 151,862 |
| H. Richard Haverstick Jr Director | May 21, 2025 | Award | +27,644 | $4.16 | $115.00K | 133,347 |
| Reginald DesRoches Director | May 21, 2025 | Award | +27,644 | $4.16 | $115.00K | 99,466 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
4.23%
7M shares short
Days to cover
2.3
At 3M shares a day
Change since last report
-34.2%
From 10M shares
Short volume, 20 days
50.4%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Brandywine Realty Trust's stock actually held short. Settlement fails (shares not delivered on time) peaked at 88,735 shares on Sep 15, 2026 over the last 90 days.
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