Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

EMPIRE ST RLTY TR INC (ESRT)

195 + Investors. Track Smart Money conviction in ESRT. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -7
Streak
3Q ▼
Buyers last Q
48%

Smart Money Signals — ESRT

Based on 195 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their ESRT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 88% of 3.0Y peak

88% of all-time peak
195 funds currently hold this stock — 88% of the 3.0-year high of 221 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 7% fewer funds vs a year ago

fund count last 6Q
14 fewer hedge funds hold ESRT compared to a year ago (-7% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 48% buying

92 buying98 selling
Last quarter: 98 funds reduced or exited vs 92 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~24 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 35 → 31 → 23 → 24. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

71% of holders stayed for 2+ years

■ 71% conviction (2yr+) ■ 18% medium ■ 11% new
138 out of 195 hedge funds have held ESRT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +3%, value -12%

Value
-12%
Shares
+2%
Last quarter: funds added +3% more shares while total portfolio value only changed -12%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

28 → 35 → 31 → 23 → 24 new funds/Q
New funds entering each quarter: 35 → 31 → 23 → 24. ESRT is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 74% of holders stayed 2+ years

■ 74% veterans ■ 10% 1-2yr ■ 16% new
Of 195 current holders: 145 (74%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 51% AUM from top-100 funds

51% from top-100 AUM funds
35 of 195 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in ESRT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — ESRT

In 2025 Q4, 92 hedge funds were net buyers of ESRT (24 opened a new position, 68 added to an existing one), while 98 reduced or exited (67 trimmed, 31 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 51% of total institutional value in ESRT is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -7 funds (more exits than new entries). Total institutional holders: 195.

Hedge Fund Ownership: ESRT

How many hedge funds hold ESRT — quarterly history vs. share price
Quarterly hedge fund ownership of ESRT vs. share price

Market Analysis: ESRT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ESRT

Real Estate REIT - Diversified

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

46 top-rated funds 0 high-conviction
Consensus
7.3
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: ESRT
2026 Q1 Stats Unlock in 7 days 195 + Investors

Track Smart Money conviction in ESRT. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 195 202 -3.47%
13F Shares 134M 131M 2.78%
Total Value $875M $999M -12.41%
New Positions 24 23 +1
Increased Positions 68 74 -6
Closed Positions 31 33 -2
Reduced Positions 67 72 -5
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: ESRT

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Valuation Measures Data as of: --

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Short % of Float --

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

195 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ESRT. Verified SEC 13F-HR filings.

Top 25 institutional holders of ESRT — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Waterfall Asset Management, LLC 2.08% 714,535 $3.7M
2 NAN FUNG TRINITY (HK) Ltd 0.46% 801,300 $4.2M
3 CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.17% 3,251,772 $16.9M
4 WOLVERINE ASSET MANAGEMENT LLC 0.09% 1,864,355 $9.7M
5 Vert Asset Management LLC 0.09% 56,073 $292K
6 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.05% 2,894,917 $15.1M
7 Leonteq Securities AG 0.05% 247,806 $1.3M
8 Inspire Investing, LLC 0.04% 98,778 $514K
9 Vanderbilt University 0.04% 37,351 $194K
10 HANOVER ADVISORS INC 0.03% 16,215 $84K
11 Benin Management CORP 0.03% 28,800 $150K
12 WESTPAC BANKING CORP 0.03% 88,198 $459K
13 Carson Advisory Inc. 0.03% 10,500 $55K
14 Financial Council, LLC 0.02% 12,005 $62K
15 Abel Hall, LLC 0.02% 18,578 $97K
16 Capital Investment Counsel, Inc 0.02% 29,075 $151K
17 MOODY NATIONAL BANK TRUST DIVISION 0.02% 35,602 $185K
18 Sumitomo Mitsui Trust Group, Inc. 0.02% 4,905,653 $25.5M
19 FOX RUN MANAGEMENT, L.L.C. 0.02% 18,316 $93K
20 AlphaQuest LLC 0.01% 28,550 $186K
21 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% 990,171 $5.1M
22 PRINCIPAL FINANCIAL GROUP INC 0.01% 2,696,708 $14.0M
23 BESSEMER GROUP INC 0.01% 712,061 $4K
24 Robeco Institutional Asset Management B.V. 0.01% 675,000 $3.5M
25 Metis Global Partners, LLC 0.00% 36,364 $189K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — EMPIRE ST RLTY TR INC (ESRT)

What does the Smart Money Trend signal show for ESRT?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their ESRT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for ESRT?

More sellers than buyers — 48% buying: Last quarter: 98 funds reduced or exited vs 92 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for ESRT holders?

Elite ownership — 51% AUM from top-100 funds: 35 of 195 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in ESRT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held ESRT?

71% of holders stayed for 2+ years: 138 out of 195 hedge funds have held ESRT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.