Empire State Realty Trust, Inc. (ESRT) shareholders
ESRTNYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 6/3041% below fair value
$5.22−0.01 (-0.19%)
Close on Nov 12, 2026Market cap $903.75MP/E –Yield 2.68%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
83.4%
144M of 172M shares
Institutional holders
228
38 new, 28 sold out
Net institutional buying
-1M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
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. | 14,863,760 | 8.90% | 13G (passive) amendment | Mar 31, 2025 |
| Ameriprise Financial, Inc. Joint filing with TAM UK International Holdings Limited (6.30%) | 14,485,533 | 8.40% | 13G (passive) amendment | Jun 30, 2026 |
| Lasalle Investment Management Securities LLC | 13,105,447 | 7.60% | 13G (passive) amendment | Jun 30, 2026 |
| Vanguard Portfolio Management | 10,171,085 | 5.90% | 13G (passive) amendment | Sep 30, 2026 |
| Erez Asset Management LLC Joint filing with Bruce Schanzer (5.80%) | 10,000,000 | 5.80% | 13D (active) | Oct 1, 2026 |
| Southeastern Asset Management, Inc. Joint filing with Longleaf Partners Small-Cap Fund (5.10%) | 8,696,434 | 5.10% | 13G (passive) | Jun 30, 2026 |
| UBS Group AG directly and on behalf of certain subsidiaries | – | – | 13G (passive) amendment | Dec 29, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of ESRT | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 17,877,908 | 10.38% | $96.72M | +1,000,309 | 0.00% |
| Ameriprise Financial Inc | 14,485,533 | 8.41% | $78.37M | +1,920,642 | 0.02% |
| Lasalle Investment Management Securities LLC | 13,105,447 | 7.61% | $70.90M | +4,046,587 | 2.52% |
| Vanguard Portfolio Management LLC | 12,511,023 | 7.27% | $67.68M | +153,493 | 0.00% |
| Southeastern Asset Management Inc/Tn/ | 8,696,434 | 5.05% | $47.05M | +2,223,117 | 2.45% |
| Sumitomo Mitsui Trust Holdings, Inc. | 6,905,936 | 4.01% | $37.36M | +2,000,283 | 0.02% |
| Vanguard Capital Management LLC | 6,057,833 | 3.52% | $32.77M | +65,270 | 0.00% |
| State Street Corp | 6,006,793 | 3.49% | $32.50M | +6,840 | 0.00% |
| Geode Capital Management, LLC | 4,030,612 | 2.34% | $21.81M | +403,309 | 0.00% |
| Centersquare Investment Management LLC | 3,580,271 | 2.08% | $19.37M | +328,499 | 0.17% |
| Charles Schwab Investment Management Inc | 3,278,870 | 1.90% | $17.74M | +5,397 | 0.00% |
| Legal & General Group Plc | 3,184,307 | 1.85% | $17.23M | +281,804 | 0.00% |
| Marshall Wace, Llp | 3,094,792 | 1.80% | $16.74M | New | 0.01% |
| William Blair Investment Management, LLC | 2,282,352 | 1.33% | $12.35M | −612,565 | 0.04% |
| Goldman Sachs Group Inc | 1,956,667 | 1.14% | $10.59M | +447,266 | 0.00% |
| Northern Trust Corp | 1,605,025 | 0.93% | $8.68M | −876,661 | 0.00% |
| Dimensional Fund Advisors LP | 1,502,361 | 0.87% | $8.13M | −438,235 | 0.00% |
| Arrowstreet Capital, Limited Partnership | 1,390,189 | 0.81% | $7.52M | +31,859 | 0.00% |
| Morgan Stanley | 1,367,615 | 0.79% | $7.40M | +181,498 | 0.00% |
| Aqr Capital Management LLC | 1,226,987 | 0.71% | $6.64M | +1,027,701 | 0.00% |
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 | 228 | 144M | 83.4% | 38 / 103 | 51 / 28 | 24M | 25M |
| Q1 2026 | 222 | 144M | 83.9% | 42 / 77 | 66 / 28 | 35M | 13M |
| Q4 2025 | 210 | 143M | 82.8% | 22 / 74 | 71 / 30 | 24M | 18M |
| Q3 2025 | 221 | 138M | 80.0% | 26 / 84 | 72 / 32 | 21M | 14M |
| Q2 2025 | 229 | 131M | 75.9% | 32 / 93 | 66 / 37 | 25M | 17M |
| Q1 2025 | 236 | 123M | 71.6% | 33 / 86 | 77 / 21 | 18M | 14M |
| Q4 2024 | 226 | 122M | 71.0% | 31 / 97 | 59 / 24 | 14M | 11M |
| Q3 2024 | 222 | 120M | 69.5% | 31 / 81 | 64 / 20 | 33M | 12M |
| Q2 2024 | 213 | 115M | 67.0% | 29 / 80 | 63 / 20 | 9M | 11M |
| Q1 2024 | 206 | 117M | 67.8% | 26 / 75 | 72 / 29 | 14M | 9M |
| Q4 2023 | 210 | 112M | 65.0% | 35 / 77 | 62 / 24 | 11M | 12M |
| Q3 2023 | 201 | 113M | 65.8% | 31 / 69 | 58 / 25 | 9M | 27M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
189 funds held ESRT in Q2 2026, 55% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of ESRT | Value | % of fund | As of |
|---|---|---|---|---|---|
| Longleaf Partners Small Cap Fund | 8,682,360 | 5.04% | $46.97M | 7.29% | Jun 30, 2026 |
| Vanguard Real Estate Index Fund | 5,348,018 | 3.11% | $27.06M | 0.04% | Jul 31, 2026 |
| Vanguard Total Stock Market Index Fund | 4,307,525 | 2.50% | $23.30M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 3,775,703 | 2.19% | $20.43M | 0.02% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 3,142,499 | 1.83% | $17.00M | 0.01% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 1,992,726 | 1.16% | $10.78M | 0.02% | Jun 30, 2026 |
| Columbia Small Cap Value Discovery Fund | 1,850,650 | 1.07% | $9.36M | 0.38% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 1,594,487 | 0.93% | $8.63M | 0.01% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 1,591,079 | 0.92% | $8.05M | 0.02% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 1,275,562 | 0.74% | $6.90M | 0.05% | Jun 30, 2026 |
| William Blair Small Cap Value Fund | 1,067,774 | 0.62% | $5.78M | 0.55% | Jun 30, 2026 |
| Schwab U.S. REIT ETF | 985,427 | 0.57% | $5.65M | 0.06% | May 31, 2026 |
| Vanguard Real Estate Ii Index Fund | 938,671 | 0.55% | $4.75M | 0.04% | Jul 31, 2026 |
| First Trust Small Cap Core AlphaDEX Fund | 806,225 | 0.47% | $4.08M | 0.30% | Jul 31, 2026 |
| Schwab Fundamental U.S. Small Company ETF | 796,454 | 0.46% | $4.56M | 0.05% | May 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 |
|---|---|---|---|---|
| Anthony E. Malkin | Chairman and CEO, Director | 3,122,270 | 1.81% | Oct 9, 2026 |
| Donna Jean Sutherland | Chief Accounting Officer | 6,252 | 0.00% | Mar 17, 2026 |
| Thomas P. Durels | EVP, Real Estate | 44,185 | 0.03% | Mar 17, 2026 |
| Christina Chiu | President | 0 | – | Mar 17, 2026 |
| Stephen Horn | EVP and CFO | – | – | Mar 17, 2026 |
| Patricia Han | Director | 0 | – | May 19, 2026 |
| Salvatore Michael Giliberto | Director | 3,500 | 0.00% | May 19, 2026 |
| George L.W. Malkin | Director | 0 | – | May 19, 2026 |
| Robert Paige Hood | Director | 0 | – | May 19, 2026 |
| Grant Hill | Director | 0 | – | May 19, 2026 |
| Tassell Christina Van | Director | 0 | – | May 19, 2026 |
| Steven J. Gilbert | Director | 20,000 | 0.01% | May 19, 2026 |
| James D. Robinson IV | Director | – | – | May 19, 2026 |
| Hannah Y. Yang | Director | 0 | – | May 19, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Anthony E. Malkin Chairman and CEO, Director | Oct 7, 2026 | Conversion | +3,061,902 | – | – | 3,061,902 |
| Donna Jean Sutherland Chief Accounting Officer | Mar 13, 2026 | Award | +11,584 | – | – | 17,836 |
| Thomas P. Durels EVP, Real Estate | Mar 24, 2025 | Sale | −11,843 | $8.02 | $94.98K | 44,185 |
| Thomas P. Durels EVP, Real Estate | Mar 21, 2025 | Sale | −5,779 | $8.03 | $46.41K | 56,028 |
| Thomas P. Durels EVP, Real Estate | Mar 20, 2025 | Sale | −12,500 | $8.15 | $101.88K | 61,807 |
| Thomas P. Durels EVP, Real Estate | Mar 19, 2025 | Sale | −12,500 | $8.11 | $101.38K | 74,307 |
| Thomas P. Durels EVP, Real Estate | Dec 24, 2024 | Sale | −10,000 | $10.10 | $101.00K | 86,807 |
| Thomas P. Durels EVP, Real Estate | Dec 18, 2024 | Sale | −3,193 | $10.90 | $34.80K | 96,807 |
| Thomas P. Durels EVP, Real Estate | Dec 17, 2024 | Conversion | +100,000 | – | – | 100,000 |
| David A. Karp EVP & CFO | Jul 30, 2018 | Buy | +4,500 | $16.19 | $72.86K | 5,500 |
| Investment Authority Qatar 10% owner | May 31, 2018 | Buy | +284,015 | $16.72 | $4.75M | 29,894,869 |
| David A. Karp EVP and CFO | Mar 9, 2018 | Buy | +1,000 | $16.65 | $16.65K | 1,000 |
| Salvatore Michael Giliberto Director | Mar 5, 2018 | Buy | +1,000 | $16.83 | $16.83K | 3,500 |
| Anthony E. Malkin Chairman and CEO, Director | Dec 4, 2017 | Sale | −497,265 | $20.45 | $10.17M | 9,485 |
| Anthony E. Malkin Chairman and CEO, Director | Dec 4, 2017 | Sale | −745,898 | $20.45 | $15.25M | 0 |
| Anthony E. Malkin Chairman and CEO, Director | Dec 4, 2017 | Conversion | +9,945 | – | – | 506,750 |
| Anthony E. Malkin Chairman and CEO, Director | Dec 4, 2017 | Conversion | +487,320 | – | – | 496,805 |
| Anthony E. Malkin Chairman and CEO, Director | Dec 4, 2017 | Conversion | +79 | – | – | 9,485 |
| Anthony E. Malkin Chairman and CEO, Director | Dec 4, 2017 | Conversion | +11,790 | – | – | 745,898 |
| Anthony E. Malkin Chairman and CEO, Director | Dec 4, 2017 | Conversion | +577,692 | – | – | 734,108 |
| Anthony E. Malkin Chairman and CEO, Director | Dec 4, 2017 | Conversion | +156,416 | – | – | 156,416 |
| REIT Holding LLC Q 10% owner | Sep 25, 2017 | Other | −29,610,854 | – | – | 0 |
| Anthony E. Malkin Chairman and CEO, Director | Dec 15, 2016 | Gift | −200,883 | – | – | 0 |
| Salvatore Michael Giliberto Director | Feb 26, 2016 | Buy | +1,000 | $15.94 | $15.94K | 2,500 |
| Alice Connell Director | Aug 25, 2014 | Buy | +1,205 | $16.61 | $20.02K | 1,205 |
| Anthony E. Malkin CEO and President, Director | Jul 15, 2014 | Award | +3,680 | – | – | 51,197 |
| Anthony E. Malkin CEO and President, Director | Jul 15, 2014 | Award | +75,691 | – | – | 608,972 |
| Anthony E. Malkin CEO and President, Director | Oct 7, 2013 | Award | +47,517 | – | – | 47,517 |
| Anthony E. Malkin CEO and President, Director | Oct 7, 2013 | Award | +533,281 | – | – | 533,281 |
| William H. Berkman Director | Oct 7, 2013 | Award | +25,000 | $13.00 | $325.00K | 25,000 |
| Salvatore Michael Giliberto Director | Oct 7, 2013 | Award | +1,500 | $13.00 | $19.50K | 1,500 |
| Lawrence E. Golub Director | Oct 7, 2013 | Award | +130,000 | $13.00 | $1.69M | 130,000 |
| Anthony E. Malkin CEO and President, Director | Oct 7, 2013 | Award | +200,883 | – | – | 200,883 |
| Anthony E. Malkin CEO and President, Director | Oct 7, 2013 | Award | +5,297 | – | – | 5,297 |
| Anthony E. Malkin CEO and President, Director | Oct 7, 2013 | Award | +9,406 | – | – | 9,406 |
| Anthony E. Malkin CEO and President, Director | Oct 7, 2013 | Award | +47,520 | – | – | 47,520 |
| Anthony E. Malkin CEO and President, Director | Oct 7, 2013 | Award | +533,765 | – | – | 533,765 |
| Anthony E. Malkin CEO and President, Director | Oct 7, 2013 | Returned to company | −1,000 | – | – | 0 |
| Steven J. Gilbert Director | Oct 7, 2013 | Award | +20,000 | $13.00 | $260.00K | 20,000 |
| Thomas P. Durels See Remarks | Oct 7, 2013 | Award | +2,407 | – | – | 2,407 |
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
7.90%
13M shares short
Days to cover
2.8
At 5M shares a day
Change since last report
+1.0%
From 13M shares
Short volume, 20 days
37.8%
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 Empire State Realty Trust's stock actually held short. Settlement fails (shares not delivered on time) peaked at 269,448 shares on Sep 11, 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 |
|---|---|---|---|---|---|
| Thomas P. Durels Officer | Mar 24, 2025 | 11,843 | $94.97K | Mar 24, 2025 | Restricted Stock Vesting |
| Thomas P. Durels Officer | Mar 21, 2025 | 5,779 | $46.39K | Mar 21, 2025 | Restricted Stock Vesting |
| Thomas P. Durels Officer | Mar 20, 2025 | 12,500 | $101.81K | Mar 20, 2025 | Restricted Stock Vesting |
| Thomas P. Durels Officer | Mar 19, 2025 | 12,500 | $101.41K | Mar 19, 2025 | Restricted Stock Vesting |
| Thomas P. Durels Officer | Dec 26, 2024 | 10,000 | $101.02K | Dec 24, 2024 | Restricted Stock Vesting |
| Thomas P. Durels Officer | Dec 18, 2024 | 3,193 | $34.80K | Dec 18, 2024 | Restricted Stock Vesting |
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