COPT Defense Properties (CDP) shareholders
CDPNYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 8/305% below fair value
$32.70−0.25 (-0.76%)
Close on Nov 12, 2026Market cap $3.71BP/E 22.1Yield 3.73%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
128M of 113M shares
Institutional holders
326
40 new, 30 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
0 buys · 3 sales
Net sold $1.33M
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. | 16,648,577 | 14.70% | 13G (passive) amendment | Jun 30, 2025 |
| Vanguard Portfolio Management | 11,531,763 | 10.18% | 13G (passive) | Jan 30, 2026 |
| AllianceBernstein L.P. | 8,457,373 | 7.50% | 13G (passive) amendment | Sep 30, 2025 |
| JPMorgan Chase & Co | 6,026,027 | 5.30% | 13G (passive) | Jun 30, 2026 |
| Vanguard Capital Management | 6,008,678 | 5.30% | 13G (passive) | Mar 31, 2026 |
| State Street Corporation | – | 6.12% | 13G (passive) amendment | Dec 31, 2023 |
| Barrow Hanley Global Investors 752403190 | – | – | 13G (passive) | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of CDP | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 19,915,482 | 17.56% | $724.72M | −1,385,296 | 0.01% |
| Vanguard Portfolio Management LLC | 12,076,995 | 10.65% | $439.48M | +217,928 | 0.02% |
| Alliancebernstein L.P. | 8,880,283 | 7.83% | $271.74M | +41,315 | 0.09% |
| State Street Corp | 6,871,138 | 6.06% | $252.14M | +34,561 | 0.01% |
| JPMorgan Chase & Co | 6,080,134 | 5.36% | $222.97M | +1,223,994 | 0.01% |
| Vanguard Capital Management LLC | 5,095,897 | 4.49% | $185.44M | +42,012 | 0.00% |
| Earnest Partners LLC | 4,420,946 | 3.90% | $160.88M | −102,795 | 0.58% |
| Geode Capital Management, LLC | 3,465,042 | 3.06% | $126.11M | +198,766 | 0.01% |
| Channing Capital Management, LLC | 2,891,994 | 2.55% | $105.24M | −89,166 | 2.42% |
| Westwood Holdings Group Inc | 2,840,694 | 2.50% | $103.37M | −405,052 | 0.78% |
| Charles Schwab Investment Management Inc | 2,368,640 | 2.09% | $86.19M | +121,777 | 0.01% |
| Bank Of America Corp /De/ | 2,309,954 | 2.04% | $84.06M | −11,385 | 0.01% |
| Sei Investments Co | 2,204,679 | 1.94% | $80.23M | −87,808 | 0.07% |
| Morgan Stanley | 2,089,769 | 1.84% | $76.05M | −133,731 | 0.00% |
| GRS Advisors, LLC | 1,930,934 | 1.70% | $70.27M | +280,879 | 5.93% |
| Northern Trust Corp | 1,883,872 | 1.66% | $68.55M | +277,512 | 0.01% |
| Principal Financial Group Inc | 1,751,745 | 1.54% | $63.75M | −1,914 | 0.03% |
| Two Sigma Investments, LP | 1,720,245 | 1.52% | $62.60M | −523,935 | 0.05% |
| Goldman Sachs Group Inc | 1,676,030 | 1.48% | $60.99M | +215,884 | 0.01% |
| Dimensional Fund Advisors LP | 1,669,150 | 1.47% | $60.74M | −13,146 | 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 | 326 | 128M | 100.0% | 40 / 114 | 109 / 30 | 9M | 8M |
| Q1 2026 | 322 | 127M | 100.0% | 48 / 109 | 112 / 28 | 32M | 11M |
| Q4 2025 | 306 | 123M | 100.0% | 31 / 107 | 127 / 29 | 8M | 10M |
| Q3 2025 | 308 | 125M | 100.0% | 42 / 123 | 108 / 34 | 13M | 9M |
| Q2 2025 | 303 | 121M | 100.0% | 32 / 126 | 112 / 28 | 7M | 7M |
| Q1 2025 | 301 | 121M | 100.0% | 34 / 119 | 102 / 31 | 11M | 9M |
| Q4 2024 | 302 | 120M | 100.0% | 36 / 122 | 107 / 23 | 12M | 12M |
| Q3 2024 | 291 | 120M | 100.0% | 43 / 111 | 104 / 13 | 27M | 6M |
| Q2 2024 | 263 | 118M | 100.0% | 19 / 102 | 111 / 22 | 11M | 11M |
| Q1 2024 | 268 | 118M | 100.0% | 49 / 86 | 98 / 25 | 11M | 12M |
| Q4 2023 | 247 | 119M | 100.0% | 35 / 86 | 91 / 29 | 11M | 10M |
| Q3 2023 | 242 | 118M | 100.0% | 22 / 82 | 104 / 18 | 8M | 5M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
374 funds held CDP in Q2 2026, 57% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of CDP | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Real Estate Index Fund | 4,312,475 | 3.80% | $163.70M | 0.22% | Jul 31, 2026 |
| iShares Core S&P Mid-Cap ETF | 3,858,764 | 3.40% | $140.42M | 0.11% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 3,607,105 | 3.18% | $131.26M | 0.01% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 2,982,341 | 2.63% | $108.53M | 0.13% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 2,602,089 | 2.29% | $94.69M | 0.05% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 1,647,110 | 1.45% | $59.94M | 0.09% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 1,293,554 | 1.14% | $47.07M | 0.05% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 1,275,378 | 1.12% | $48.41M | 0.14% | Jul 31, 2026 |
| Vanguard Strategic Equity Fund | 1,143,636 | 1.01% | $41.62M | 0.34% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 1,098,712 | 0.97% | $39.98M | 0.28% | Jun 30, 2026 |
| AB Discovery Value Fund | 806,090 | 0.71% | $29.33M | 1.14% | Jun 30, 2026 |
| Schwab U.S. REIT ETF | 799,223 | 0.70% | $25.62M | 0.26% | May 31, 2026 |
| Vanguard Real Estate Ii Index Fund | 756,862 | 0.67% | $28.73M | 0.26% | Jul 31, 2026 |
| Touchstone Strategic Trust-Touchstone Small Company Fund | 736,581 | 0.65% | $26.80M | 1.56% | Jun 30, 2026 |
| Dfa Real Estate Securities Portfolio | 618,226 | 0.55% | $23.47M | 0.33% | 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 |
|---|---|---|---|---|
| Stephen E. Budorick | PRESIDENT/CEO, Director | 153,882 | 0.14% | Mar 3, 2026 |
| Britt A. Snider | EVP & COO | 14,203 | 0.01% | Nov 5, 2026 |
| Anthony Mifsud | EVP AND CFO | 67,834 | 0.06% | Nov 5, 2026 |
| Matthew T. Myers | SVP-CAO & CONTROLLER | 8,910 | 0.01% | Mar 3, 2026 |
| Robert L. Denton | Director | 3,803 | 0.00% | Aug 7, 2026 |
| C. Taylor Pickett | Director | 40,188 | 0.04% | Jun 2, 2026 |
| Essye B. Miller | Director | 15,673 | 0.01% | May 18, 2026 |
| Raymond Lee Owens | Director | 906 | 0.00% | May 18, 2026 |
| Philip L. Hawkins | Director | 15,188 | 0.01% | May 18, 2026 |
| Lisa G. Trimberger | Director | 24,090 | 0.02% | May 18, 2026 |
| Letitia A. Long | Director | 2,707 | 0.00% | May 18, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| C. Taylor Pickett Director | May 29, 2026 | Sale | −31,798 | $32.25 | $1.03M | 15,188 |
| Robert L. Denton Director | May 26, 2026 | Sale | −3,922 | $32.38 | $126.99K | 3,803 |
| Lisa G. Trimberger Director | May 14, 2026 | Award | +3,803 | – | – | 24,090 |
| Robert L. Denton Director | May 14, 2026 | Award | +3,803 | – | – | 7,725 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2026 | Tax withholding | −351 | $31.78 | $11.15K | 8,910 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2026 | Tax withholding | −300 | $31.78 | $9.53K | 8,610 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2026 | Tax withholding | −299 | $31.78 | $9.50K | 9,261 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2026 | Award | +2,390 | – | – | 11,000 |
| Anthony Mifsud EVP AND CFO | Mar 1, 2026 | Award | +8,149 | – | – | 67,834 |
| Britt A. Snider EVP & COO | Mar 1, 2026 | Award | +11,203 | – | – | 14,203 |
| Philip L. Hawkins Director | Feb 23, 2026 | Sale | −5,536 | $32.71 | $181.08K | 15,188 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Dec 1, 2025 | Tax withholding | −250 | $30.73 | $7.68K | 9,560 |
| Lisa G. Trimberger Director | Sep 17, 2025 | Sale | −3,000 | $30.52 | $91.56K | 0 |
| Lisa G. Trimberger Director | Sep 17, 2025 | Sale | −4,896 | $30.72 | $150.41K | 20,287 |
| Robert L. Denton Director | May 20, 2025 | Award | +3,922 | – | – | 3,922 |
| Lisa G. Trimberger Director | May 20, 2025 | Award | +3,922 | – | – | 25,183 |
| Essye B. Miller Director | May 20, 2025 | Award | +3,922 | – | – | 15,673 |
| Robert L. Denton Director | May 15, 2025 | Sale | −4,398 | $26.71 | $117.47K | 0 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2025 | Returned to company | −284 | $27.03 | $7.68K | 7,146 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2025 | Award | +2,664 | – | – | 9,810 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2025 | Returned to company | −354 | $27.03 | $9.57K | 7,430 |
| Britt A. Snider EVP & COO | Feb 26, 2025 | Buy | +1,000 | $26.93 | $26.93K | 3,000 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Dec 2, 2024 | Tax withholding | −250 | $32.95 | $8.24K | 8,284 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Dec 2, 2024 | Sale | −500 | $32.32 | $16.16K | 7,784 |
| Stephen E. Budorick PRESIDENT/CEO, Director | Nov 7, 2024 | Sale | −8,854 | $32.54 | $288.11K | 153,882 |
| Stephen E. Budorick PRESIDENT/CEO, Director | Nov 6, 2024 | Sale | −9,000 | $32.64 | $293.76K | 162,736 |
| Stephen E. Budorick PRESIDENT/CEO, Director | Nov 5, 2024 | Sale | −9,000 | $32.41 | $291.69K | 171,736 |
| Stephen E. Budorick PRESIDENT/CEO, Director | Nov 4, 2024 | Sale | −9,000 | $32.38 | $291.42K | 180,736 |
| Britt A. Snider EVP & COO | Sep 10, 2024 | Buy | +1,000 | $29.41 | $29.41K | 2,000 |
| Robert L. Denton Director | May 14, 2024 | Sale | −4,523 | $24.58 | $111.18K | 4,398 |
| Thomas F. Brady Director | May 9, 2024 | Award | +4,398 | – | – | 49,274 |
| Robert L. Denton Director | May 9, 2024 | Award | +4,398 | – | – | 8,921 |
| Essye B. Miller Director | May 9, 2024 | Award | +4,398 | – | – | 11,751 |
| Lisa G. Trimberger Director | May 9, 2024 | Award | +4,398 | – | – | 21,261 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2024 | Award | +2,748 | – | – | 8,534 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 1, 2024 | Returned to company | −338 | $24.23 | $8.19K | 5,786 |
| Lisa G. Trimberger Director | Dec 20, 2023 | Sale | −7,357 | $25.48 | $187.46K | 16,863 |
| Britt A. Snider EVP & COO | Dec 19, 2023 | Buy | +1,000 | $25.11 | $25.11K | 1,000 |
| Steven D. Kesler Director | Dec 13, 2023 | Sale | −1,719 | $25.44 | $43.73K | 41,313 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Dec 1, 2023 | Tax withholding | −250 | $24.20 | $6.05K | 6,124 |
| Robert L. Denton Director | May 17, 2023 | Sale | −3,941 | $22.95 | $90.45K | 4,523 |
| Essye B. Miller Director | May 11, 2023 | Award | +4,523 | – | – | 7,353 |
| Steven D. Kesler Director | May 11, 2023 | Award | +4,523 | – | – | 43,032 |
| Lisa G. Trimberger Director | May 11, 2023 | Award | +4,523 | – | – | 24,220 |
| Thomas F. Brady Director | May 11, 2023 | Award | +4,523 | – | – | 44,876 |
| Robert L. Denton Director | May 11, 2023 | Award | +4,523 | – | – | 8,464 |
| Matthew T. Myers SVP-CAO & CONTROLLER | Mar 3, 2023 | Award | +2,624 | – | – | 6,374 |
| Essye B. Miller Director | Oct 3, 2022 | Award | +2,830 | – | – | 2,830 |
| Robert L. Denton Director | May 18, 2022 | Sale | −3,416 | $26.74 | $91.34K | 3,941 |
| Thomas F. Brady Director | May 12, 2022 | Award | +3,941 | – | – | 40,353 |
| Lisa G. Trimberger Director | May 12, 2022 | Award | +3,941 | – | – | 19,697 |
| Steven D. Kesler Director | May 12, 2022 | Award | +3,941 | – | – | 38,509 |
| Robert L. Denton Director | May 12, 2022 | Award | +3,941 | – | – | 7,357 |
| Greg J. Thor SVP--CAO & CONTROLLER | Mar 29, 2022 | Sale | −2,000 | $29.35 | $58.70K | 18,096 |
| Greg J. Thor SVP--CAO & CONTROLLER | Mar 28, 2022 | Sale | −2,333 | $28.79 | $67.17K | 20,096 |
| Greg J. Thor SVP--CAO & Controller | Mar 1, 2022 | Tax withholding | −756 | $26.21 | $19.81K | 15,628 |
| Greg J. Thor SVP--CAO & Controller | Mar 1, 2022 | Tax withholding | −718 | $26.21 | $18.82K | 17,141 |
| Greg J. Thor SVP--CAO & Controller | Mar 1, 2022 | Tax withholding | −757 | $26.21 | $19.84K | 16,384 |
| Greg J. Thor SVP--CAO & Controller | Mar 1, 2022 | Award | +6,801 | – | – | 22,429 |
| C. Taylor Pickett Director | Feb 24, 2022 | Buy | +20,000 | $24.97 | $499.40K | 20,000 |
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
9.44%
11M shares short
Days to cover
14.8
At 1M shares a day
Change since last report
+5.2%
From 10M shares
Short volume, 20 days
55.8%
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 COPT Defense Properties's stock actually held short. Settlement fails (shares not delivered on time) peaked at 97,091 shares on Oct 7, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Philip L. Hawkins Director | Feb 23, 2026 | 5,536 | $181.10K | Feb 23, 2026 | Open Market Purchase |
| Lisa G. Trimberger Director | Sep 17, 2025 | 3,000 | $91.56K | Sep 17, 2025 | Open Market |
| Lisa G. Trimberger Director | Sep 17, 2025 | 4,896 | $150.41K | Sep 17, 2025 | Restricted Stock |
| Lisa G. Trimberger Director | Dec 20, 2023 | 7,357 | $187.44K | Dec 20, 2023 | Restricted Stock |
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