Saul Centers, Inc. (BFS) shareholders
BFSNYSEReal Estate Investment TrustsFiscal year ends December 31Also trades as BFS.PD, BFS.PE
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 10/3048% below fair value
$28.37−0.07 (-0.25%)
Close on Nov 13, 2026Market cap $701.22MP/E 30.8Yield 8.32%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
12M
Shares held, 13F filers
Institutional holders
194
31 new, 15 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
6 buys · 0 sales
Net bought $135.06K
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. | 2,008,503 | 8.40% | 13G (passive) amendment | Dec 31, 2023 |
| T. Rowe Price Investment Management, Inc. | 1,356,292 | 5.60% | 13G (passive) amendment | Nov 14, 2024 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of BFS | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 2,254,667 | – | $84.30M | +141,990 | 0.00% |
| T. Rowe Price Investment Management, Inc. | 1,407,540 | – | $52.63M | +60,196 | 0.03% |
| Vanguard Portfolio Management LLC | 1,302,765 | – | $48.71M | −13,515 | 0.00% |
| Adage Capital Partners Gp, L.L.C. | 723,198 | – | $27.04M | −11,603 | 0.04% |
| State Street Corp | 570,914 | – | $21.35M | +51,504 | 0.00% |
| Vanguard Capital Management LLC | 550,628 | – | $20.59M | −32,655 | 0.00% |
| Principal Financial Group Inc | 416,391 | – | $15.57M | −182,803 | 0.01% |
| Geode Capital Management, LLC | 361,256 | – | $13.51M | +25,608 | 0.00% |
| Morgan Stanley | 342,206 | – | $12.80M | +79,488 | 0.00% |
| Ameriprise Financial Inc | 235,690 | – | $8.81M | +24,432 | 0.00% |
| Dimensional Fund Advisors LP | 202,295 | – | $7.56M | +50 | 0.00% |
| Renaissance Technologies LLC | 177,074 | – | $6.62M | −9,400 | 0.01% |
| Northern Trust Corp | 160,294 | – | $5.99M | +11,145 | 0.00% |
| Invesco Ltd. | 157,772 | – | $5.90M | −3,716 | 0.00% |
| Charles Schwab Investment Management Inc | 137,612 | – | $5.15M | +3,203 | 0.00% |
| Bank of New York Mellon Corp | 120,616 | – | $4.51M | +4,381 | 0.00% |
| Nuveen, LLC | 98,475 | – | $3.68M | +68,731 | 0.00% |
| Cary Street Partners Financial LLC | 96,630 | – | $3.61M | +4,430 | 0.08% |
| JPMorgan Chase & Co | 94,508 | – | $3.57M | +6,260 | 0.00% |
| Goldman Sachs Group Inc | 94,476 | – | $3.53M | +14,776 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 194 | 12M | 31 / 73 | 44 / 15 | 1M | 1M |
| Q1 2026 | 182 | 11M | 30 / 71 | 49 / 23 | 2M | 1M |
| Q4 2025 | 177 | 12M | 32 / 67 | 51 / 11 | 1M | 2M |
| Q3 2025 | 158 | 12M | 17 / 58 | 55 / 28 | 2M | 1M |
| Q2 2025 | 169 | 11M | 24 / 69 | 46 / 24 | 1M | 0M |
| Q1 2025 | 171 | 11M | 25 / 46 | 65 / 14 | 0M | 0M |
| Q4 2024 | 162 | 11M | 17 / 51 | 55 / 21 | 1M | 1M |
| Q3 2024 | 166 | 11M | 19 / 62 | 48 / 10 | 3M | 1M |
| Q2 2024 | 159 | 11M | 31 / 52 | 49 / 10 | 1M | 1M |
| Q1 2024 | 139 | 11M | 19 / 43 | 47 / 13 | 1M | 1M |
| Q4 2023 | 133 | 11M | 13 / 49 | 50 / 14 | 1M | 0M |
| Q3 2023 | 134 | 11M | 17 / 38 | 44 / 1 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
179 funds held BFS in Q2 2026, 62% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| David Todd Pearson | President & COO, Director | 81,778 | Jun 1, 2026 |
| Patricia Saul Lotuff | Vice Chair, Director | 23,548 | May 19, 2026 |
| B. Francis Saul Ii | Chairman & CEO, Director, 10% owner | 600,992 | May 19, 2026 |
| Willoughby B. Laycock | SVP-Res. Design/Mrkt Research, Director | 5,064 | May 19, 2026 |
| Joel Albert Friedman | Exec VP, CAO & Treasurer | 15,950 | Sep 30, 2026 |
| Carlos Lawrence Heard | Senior Vice President & CFO | 7,693 | May 19, 2026 |
| Donald A. Hachey | SVP-Chief Construction Officer | 5,634 | May 19, 2026 |
| John Collich | Sr. VP, Chief Acq. & Dev. Off. | 58,322 | May 19, 2026 |
| Lori Godby | Senior Vice Pres.-Residential | 1,848 | May 19, 2026 |
| Judith K. Garland | SVP, Office and Retail | 4,844 | May 19, 2026 |
| Bettina T. Guevara | Exec. VP /Chf Legal & Adm Off | 9,509 | May 19, 2026 |
| Zachary Maxwell Friedlis | Sr. VP-Director of Leasing | 6,547 | May 19, 2026 |
| George Patrick Clancy Jr | Director | 22,605 | Oct 1, 2026 |
| Helgi C. Walker | Director | 2,000 | May 11, 2026 |
| Philip D. Caraci | Director | 131,769 | May 11, 2026 |
| Mark Sullivan III | Director | 11,200 | May 11, 2026 |
| H. Gregory Platts | Director | 8,900 | May 11, 2026 |
| Andrew M. Saul II | Director | 10,800 | May 11, 2026 |
| Earl A. Powell III | Director | 7,200 | May 11, 2026 |
| LaSalle D. Leffall III | Director | 6,000 | May 11, 2026 |
| John E. Chapoton | Director | 11,466 | Oct 1, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Joel Albert Friedman Exec VP, CAO & Treasurer | Sep 28, 2026 | Buy | +200 | $18.53 | $3.71K | 400 |
| David Todd Pearson President & COO, Director | May 28, 2026 | Buy | +2,600 | $34.75 | $90.35K | 79,321 |
| Patricia Saul Lotuff Vice Chair, Director | May 17, 2026 | Tax withholding | −152 | $33.00 | $5.02K | 23,548 |
| Patricia Saul Lotuff Vice Chair, Director | May 17, 2026 | Award | +37 | $33.00 | $1.22K | 23,585 |
| Donald A. Hachey SVP-Chief Construction Officer | May 17, 2026 | Award | +31 | $33.00 | $1.02K | 5,634 |
| Donald A. Hachey SVP-Chief Construction Officer | May 17, 2026 | Tax withholding | −93 | $33.00 | $3.07K | 5,603 |
| Carlos Lawrence Heard Senior Vice President & CFO | May 17, 2026 | Tax withholding | −131 | $33.00 | $4.32K | 7,693 |
| Carlos Lawrence Heard Senior Vice President & CFO | May 17, 2026 | Award | +40 | $33.00 | $1.32K | 7,733 |
| Bettina T. Guevara Exec. VP /Chf Legal & Adm Off | May 17, 2026 | Award | +45 | $33.00 | $1.49K | 9,509 |
| Bettina T. Guevara Exec. VP /Chf Legal & Adm Off | May 17, 2026 | Tax withholding | −179 | $33.00 | $5.91K | 9,464 |
| B. Francis Saul Ii Chairman & CEO, Director, 10% owner | May 17, 2026 | Award | +572 | $33.00 | $18.88K | 264,292 |
| Lori Godby Senior Vice Pres.-Residential | May 17, 2026 | Tax withholding | −34 | $33.00 | $1.12K | 1,848 |
| Willoughby B. Laycock SVP-Res. Design/Mrkt Research, Director | May 17, 2026 | Award | +10 | $33.00 | $330 | 4,814 |
| Willoughby B. Laycock SVP-Res. Design/Mrkt Research, Director | May 17, 2026 | Tax withholding | −35 | $33.00 | $1.16K | 4,804 |
| John Collich Sr. VP, Chief Acq. & Dev. Off. | May 17, 2026 | Award | +30 | $33.00 | $990 | 53,134 |
| John Collich Sr. VP, Chief Acq. & Dev. Off. | May 17, 2026 | Tax withholding | −98 | $33.00 | $3.23K | 53,104 |
| David Todd Pearson President & COO, Director | May 17, 2026 | Tax withholding | −1,205 | $33.00 | $39.77K | 76,380 |
| David Todd Pearson President & COO, Director | May 17, 2026 | Award | +341 | $33.00 | $11.25K | 76,721 |
| Zachary Maxwell Friedlis Sr. VP-Director of Leasing | May 17, 2026 | Tax withholding | −96 | $33.00 | $3.17K | 6,547 |
| Zachary Maxwell Friedlis Sr. VP-Director of Leasing | May 17, 2026 | Award | +31 | $33.00 | $1.02K | 6,578 |
| Joel Albert Friedman Exec VP, CAO & Treasurer | May 17, 2026 | Tax withholding | −130 | $33.00 | $4.29K | 7,786 |
| Joel Albert Friedman Exec VP, CAO & Treasurer | May 17, 2026 | Award | +40 | $33.00 | $1.32K | 7,826 |
| Judith K. Garland SVP, Office and Retail | May 17, 2026 | Award | +19 | $33.00 | $627 | 4,844 |
| Judith K. Garland SVP, Office and Retail | May 17, 2026 | Tax withholding | −71 | $33.00 | $2.34K | 4,825 |
| Patricia Saul Lotuff Vice Chair, Director | May 9, 2026 | Award | +18 | $35.19 | $633 | 23,700 |
| Patricia Saul Lotuff Vice Chair, Director | May 9, 2026 | Tax withholding | −152 | $35.19 | $5.35K | 23,682 |
| Carlos Lawrence Heard Senior Vice President & CFO | May 9, 2026 | Award | +19 | $35.19 | $669 | 7,824 |
| Carlos Lawrence Heard Senior Vice President & CFO | May 9, 2026 | Tax withholding | −131 | $35.19 | $4.61K | 7,805 |
| Zachary Maxwell Friedlis Sr. VP-Director of Leasing | May 9, 2026 | Tax withholding | −97 | $35.19 | $3.41K | 6,630 |
| Zachary Maxwell Friedlis Sr. VP-Director of Leasing | May 9, 2026 | Award | +13 | $35.19 | $457 | 6,643 |
| Willoughby B. Laycock SVP-Res. Design/Mrkt Research, Director | May 9, 2026 | Tax withholding | −36 | $35.19 | $1.27K | 4,834 |
| Willoughby B. Laycock SVP-Res. Design/Mrkt Research, Director | May 9, 2026 | Award | +5 | $35.19 | $176 | 4,839 |
| Bettina T. Guevara Exec. VP /Chf Legal & Adm Off | May 9, 2026 | Award | +22 | $35.19 | $774 | 9,643 |
| Bettina T. Guevara Exec. VP /Chf Legal & Adm Off | May 9, 2026 | Tax withholding | −190 | $35.19 | $6.69K | 9,621 |
| Joel Albert Friedman Exec VP, CAO & Treasurer | May 9, 2026 | Tax withholding | −131 | $35.19 | $4.61K | 7,890 |
| Joel Albert Friedman Exec VP, CAO & Treasurer | May 9, 2026 | Award | +26 | $35.19 | $915 | 7,916 |
| John Collich Sr. VP, Chief Acq. & Dev. Off. | May 9, 2026 | Award | +14 | $35.19 | $493 | 53,202 |
| John Collich Sr. VP, Chief Acq. & Dev. Off. | May 9, 2026 | Tax withholding | −98 | $35.19 | $3.45K | 53,188 |
| David Todd Pearson President & COO, Director | May 9, 2026 | Tax withholding | −1,206 | $35.19 | $42.44K | 77,428 |
| David Todd Pearson President & COO, Director | May 9, 2026 | Award | +157 | $35.19 | $5.52K | 77,585 |
| B. Francis Saul Ii Chairman & CEO, Director, 10% owner | May 9, 2026 | Award | +268 | $35.19 | $9.43K | 263,720 |
| Donald A. Hachey SVP-Chief Construction Officer | May 9, 2026 | Tax withholding | −101 | $35.19 | $3.55K | 5,681 |
| Donald A. Hachey SVP-Chief Construction Officer | May 9, 2026 | Award | +15 | $35.19 | $528 | 5,696 |
| Lori Godby Senior Vice Pres.-Residential | May 9, 2026 | Tax withholding | −34 | $35.19 | $1.20K | 1,882 |
| Judith K. Garland SVP, Office and Retail | May 9, 2026 | Award | +13 | $35.19 | $457 | 4,896 |
| Judith K. Garland SVP, Office and Retail | May 9, 2026 | Tax withholding | −106 | $35.19 | $3.73K | 4,883 |
| Patricia Saul Lotuff Vice Chair, Director | May 8, 2026 | Award | +2,000 | – | – | 23,834 |
| Carlos Lawrence Heard Senior Vice President & CFO | May 8, 2026 | Award | +2,000 | – | – | 7,936 |
| Zachary Maxwell Friedlis Sr. VP-Director of Leasing | May 8, 2026 | Award | +1,500 | – | – | 6,727 |
| Willoughby B. Laycock SVP-Res. Design/Mrkt Research, Director | May 8, 2026 | Award | +500 | – | – | 4,870 |
| Bettina T. Guevara Exec. VP /Chf Legal & Adm Off | May 8, 2026 | Award | +2,500 | – | – | 9,811 |
| Joel Albert Friedman Exec VP, CAO & Treasurer | May 8, 2026 | Award | +2,000 | – | – | 8,021 |
| John Collich Sr. VP, Chief Acq. & Dev. Off. | May 8, 2026 | Award | +1,500 | – | – | 53,286 |
| David Todd Pearson President & COO, Director | May 8, 2026 | Award | +17,500 | – | – | 78,634 |
| B. Francis Saul Ii Chairman & CEO, Director, 10% owner | May 8, 2026 | Award | +20,000 | – | – | 263,452 |
| Donald A. Hachey SVP-Chief Construction Officer | May 8, 2026 | Award | +1,500 | – | – | 5,782 |
| Lori Godby Senior Vice Pres.-Residential | May 8, 2026 | Award | +500 | – | – | 1,916 |
| Judith K. Garland SVP, Office and Retail | May 8, 2026 | Award | +1,500 | – | – | 4,989 |
| Helgi C. Walker Director | May 8, 2026 | Award | +2,000 | – | – | 2,000 |
| LaSalle D. Leffall III Director | May 8, 2026 | Award | +2,000 | – | – | 6,000 |
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
2.25%
1M shares short
Days to cover
4.3
At 0M shares a day
Change since last report
-8.9%
From 1M shares
Short volume, 20 days
55.3%
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 Saul Centers's stock actually held short. Settlement fails (shares not delivered on time) peaked at 647 shares on Aug 28, 2026 over the last 90 days.
See a number that looks wrong?