Who owns Diversified Healthcare Trust (DHCNL)
Which tracked institutional funds hold DHCNL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DHCNL company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on DHCNL is one-sided between 2026-Q1 and 2026-Q2: 95 added or opened and 23 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
DHCNL’s largest tracked holder by dollar value, Flat Footed LLC, sizes it at 37.9% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 37.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in DHCNL divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 228 tracked filers holding DHCNL, 129 increased or opened the position and 108 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in DHCNL between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 13
- HENNESSY ADVISORS INC$11M
- FRANKLIN RESOURCES INC$5M
- MUFG Securities EMEA plc$5M
- NORGES BANK$3M
- CITADEL ADVISORS LLC$2M
- CIBC WORLD MARKET INC.$2M
Full exits 14
- H/2 CREDIT MANAGER LP$99M
- T. Rowe Price Investment Management, Inc.$11M
- CANADA LIFE ASSURANCE Co$2M
- MARSHALL WACE, LLP$1M
- SG Americas Securities, LLC$1M
- Eversept Partners, LP$1M
Largest adds
- Flat Footed LLC$62M
- BlackRock, Inc.$56M
- Silver Point Capital L.P.$41M
- VANGUARD PORTFOLIO MANAGEMENT LLC$40M
- VANGUARD CAPITAL MANAGEMENT LLC$26M
- STATE STREET CORP$24M
Largest trims
- BANK OF AMERICA CORP /DE/$15M
- Park West Asset Management LLC$6M
- LONESTAR CAPITAL MANAGEMENT LLC$859K
- Nuveen, LLC$781K
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$423K
- Sterling Capital Management LLC$346K
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Flat Footed LLC | 23,487,002 | $218M | 12.7% | 2026-Q2 |
| BlackRock, Inc. trimmed | 23,076,173 | $215M | 12.5% | 2026-Q2 |
| Silver Point Capital L.P. | 15,504,810 | $144M | 8.4% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 10,592,743 | $99M | 5.7% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 9,675,173 | $90M | 5.2% | 2026-Q2 |
| STATE STREET CORP added | 9,002,069 | $84M | 4.9% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 7,060,965 | $66M | 3.8% | 2026-Q2 |
| Davidson Kempner Capital Management LP added | 6,409,530 | $60M | 3.5% | 2026-Q2 |
| NOMURA HOLDINGS INC trimmed | 6,277,985 | $58M | 3.4% | 2026-Q2 |
| CARRONADE CAPITAL MANAGEMENT, LP added | 6,139,329 | $57M | 3.3% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 5,237,744 | $49M | 2.8% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 5,000,000 | $46M | 2.7% | 2026-Q2 |
| BlackBarn Capital Partners LP trimmed | 4,075,000 | $38M | 2.2% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 3,041,186 | $28M | 1.6% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 3,010,894 | $29M | 1.7% | 2026-Q2 |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC added | 2,862,591 | $27M | 1.5% | 2026-Q2 |
| NORTHERN TRUST CORP added | 2,801,935 | $26M | 1.5% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 2,617,725 | $24M | 1.4% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 2,376,453 | $22M | 1.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 2,248,031 | $21M | 1.2% | 2026-Q2 |
| Hudson Bay Capital Management LP trimmed | 2,000,000 | $19M | 1.1% | 2026-Q2 |
| Allianz Asset Management GmbH added | 1,767,596 | $16M | 1.0% | 2026-Q2 |
| MORGAN STANLEY added | 1,728,981 | $16M | 0.9% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 1,632,802 | $15M | 0.9% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 1,451,932 | $14M | 0.8% | 2026-Q2 |
| HENNESSY ADVISORS INC new | 1,207,300 | $11M | 0.7% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 1,103,762 | $10M | 0.6% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 1,078,410 | $10M | 0.6% | 2026-Q2 |
| LONESTAR CAPITAL MANAGEMENT LLC trimmed | 1,050,000 | $10M | 0.6% | 2026-Q2 |
| Park West Asset Management LLC trimmed | 1,035,047 | $10M | 0.6% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC trimmed | 945,549 | $9M | 0.5% | 2026-Q2 |
| Legal & General Group Plc added | 783,464 | $7M | 0.4% | 2026-Q2 |
| CastleKnight Management LP trimmed | 782,442 | $7M | 0.4% | 2026-Q2 |
| RBF Capital, LLC trimmed | 750,000 | $7M | 0.4% | 2026-Q2 |
| FMR LLC added | 693,127 | $6M | 0.4% | 2026-Q2 |
| Informed Momentum Co LLC trimmed | 639,031 | $6M | 0.3% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 609,893 | $6M | 0.3% | 2026-Q2 |
| Nuveen, LLC trimmed | 582,157 | $5M | 0.3% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 559,314 | $5M | 0.3% | 2026-Q2 |
| MUFG Securities EMEA plc new | 500,000 | $5M | 0.3% | 2026-Q2 |
| Nierenberg Investment Management Company, LLC | 456,110 | $4M | 0.2% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 439,769 | $3M | 0.2% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 429,741 | $4M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 400,906 | $4M | 0.2% | 2026-Q2 |
| Invesco Ltd. trimmed | 391,806 | $4M | 0.2% | 2026-Q2 |
| Aberdeen Group plc trimmed | 385,889 | $4M | 0.2% | 2026-Q2 |
| CIBC Bancorp USA Inc. trimmed | 372,328 | $3M | 0.2% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 361,759 | $3M | 0.2% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 359,004 | $3M | 0.2% | 2026-Q2 |
| NORGES BANK new | 356,800 | $3M | 0.2% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT CO LTD added | 352,600 | $3M | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 329,836 | $3M | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 324,544 | $3M | 0.2% | 2026-Q2 |
| UBS Group AG trimmed | 316,665 | $3M | 0.2% | 2026-Q2 |
| Asset Management One Co., Ltd. added | 310,574 | $3M | 0.2% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC | 304,718 | $3M | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 281,847 | $3M | 0.2% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 266,503 | $2M | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 265,528 | $2M | 0.1% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO trimmed | 257,877 | $2M | 0.1% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 251,801 | $2M | 0.1% | 2026-Q2 |
| SEI INVESTMENTS CO added | 247,329 | $2M | 0.1% | 2026-Q2 |
| Creative Planning added | 242,193 | $2M | 0.1% | 2026-Q2 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 240,457 | $2M | 0.1% | 2026-Q2 |
| CAXTON ASSOCIATES LLP added | 227,477 | $2M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 227,044 | $2M | 0.1% | 2026-Q2 |
| Summit Financial, LLC | 225,883 | $2M | 0.1% | 2026-Q2 |
| VIRGINIA RETIREMENT SYSTEMS ET Al added | 222,355 | $2M | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 212,971 | $2M | 0.1% | 2026-Q2 |
| VOYA INVESTMENT MANAGEMENT LLC added | 211,817 | $2M | 0.1% | 2026-Q2 |
| Militia Capital Management LLC trimmed | 209,339 | $2M | 0.1% | 2026-Q2 |
| CIBC WORLD MARKET INC. new | 208,000 | $2M | 0.1% | 2026-Q2 |
| ING GROEP NV | 200,000 | $2M | 0.1% | 2026-Q2 |
| Tidal Investments LLC trimmed | 199,179 | $2M | 0.1% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 197,261 | $2M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 194,164 | $2M | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP added | 191,623 | $2M | 0.1% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP added | 188,837 | $2M | 0.1% | 2026-Q2 |
| Vanguard Investments Australia, Ltd. added | 185,840 | $2M | 0.1% | 2026-Q2 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 181,398 | $2M | 0.1% | 2026-Q2 |
| VARCOV Co. added | 177,555 | $2M | 0.1% | 2026-Q2 |
| Engineers Gate Manager LP added | 175,660 | $2M | 0.1% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 174,180 | $2M | 0.1% | 2026-Q2 |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS added | 163,537 | $2M | 0.1% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 158,559 | $1M | 0.1% | 2026-Q2 |
| XTX Topco Ltd trimmed | 153,628 | $1M | 0.1% | 2026-Q2 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 148,747 | $1M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 139,683 | $1M | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC added | 136,171 | $1M | 0.1% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 133,044 | $1M | 0.1% | 2026-Q2 |
| State of New Jersey Common Pension Fund D new | 130,489 | $1M | 0.1% | 2026-Q2 |
| Jump Financial, LLC added | 121,530 | $1M | 0.1% | 2026-Q2 |
| Point72 Asset Management, L.P. trimmed | 110,000 | $1M | 0.1% | 2026-Q2 |
| Quantbot Technologies LP added | 104,102 | $968K | 0.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 102,822 | $956K | 0.1% | 2026-Q2 |
| Daiwa Securities Group Inc. trimmed | 101,241 | $942K | 0.1% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 99,429 | $925K | 0.1% | 2026-Q2 |
| Resona Asset Management Co.,Ltd. trimmed | 96,507 | $925K | 0.1% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 94,939 | $883K | 0.1% | 2026-Q2 |
| State of Wyoming added | 90,131 | $838K | 0.0% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.