Saul Centers, Inc.: which funds bought and sold

Institutions that bought and sold Saul Centers shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 99 institutions that filed 13F reports for both quarters added to or opened positions in Saul Centers, and 59 cut or closed them. Together they added a net 381K shares, +3.4% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 80K shares (−2.7%); index fund managers were net buyers of 194K shares (+3.7%). 28 opened a new position and 15 sold out entirely.

Bought, Q2 2026 99 institutions, 28 of them new holders Sold, Q2 2026 59 institutions, 15 of them sold out

Net change, all compared +381K shares (+3.4%)

Net change, active managers −80K shares (−2.7%), 9 bought, 10 sold

Buyers versus sellers

institutions compared, 204

99 bought 46 59 sold

Active managers and hedge funds 9 bought · 10 sold · −80K

Index fund managers 7 bought · 3 sold · +194K

Other institutions 83 bought · 46 sold · +267K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Blackrock, Inc. Index funds	+142K +6.7%	2.3M	$84.3M
Morgan Stanley	+79K +30.3%	342K	$12.8M
Nuveen, LLC	+69K +231.1%	98K	$3.7M
Dean Investment Associates, LLC	+66K New position	66K	$2.5M
T. Rowe Price Investment Management, Inc. Active manager	+60K +4.5%	1.4M	$52.6M
State Street Corp Index funds	+52K +9.9%	571K	$21.3M
Dean Capital Management	+48K New position	48K	$1.8M
Two Sigma Investments, LP Hedge fund	+33K +58.7%	91K	$3.4M
UBS Group AG	+28K +97.1%	56K	$2.1M
Geode Capital Management, LLC Index funds	+26K +7.6%	361K	$13.5M
Legato Capital Management LLC	+25K New position	25K	$934,526
Ameriprise Financial Inc	+24K +11.6%	236K	$8.8M
Inceptionr LLC	+23K New position	23K	$861,765
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC	+18K +1758.0%	19K	$712,765
Quantinno Capital Management LP	+17K +39.0%	61K	$2.3M
Choate Investment Advisors	+17K New position	17K	$621,197
Goldman Sachs Group Inc	+15K +18.5%	94K	$3.5M
Y-Intercept (Hong Kong) Ltd	+15K New position	15K	$549,446
Panagora Asset Management Inc Active manager	+14K +51.9%	40K	$1.5M
Xtx Topco Ltd	+13K New position	13K	$472,011

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
T. Rowe Price Investment Management, Inc. Active manager	+60K +4.5%	1.4M	$52.6M
Two Sigma Investments, LP Hedge fund	+33K +58.7%	91K	$3.4M
Panagora Asset Management Inc Active manager	+14K +51.9%	40K	$1.5M
Arrowstreet Capital, Limited Partnership Hedge fund	+8,270 +10.4%	88K	$3.3M
Price T Rowe Associates Inc Active manager	+8,135 +22.9%	44K	$1.6M
AQR Capital Management LLC Hedge fund	+6,789 +14.2%	55K	$2M
Neuberger Berman Group LLC Active manager	+5,596 New position	5,596	$209,237
Alliancebernstein L.P. Active manager	+1,600 +13.4%	14K	$442,534
FMR LLC Active manager	+1,424 +19.0%	8,904	$332,936

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Principal Financial Group Inc	−183K −30.5%	416K	$15.6M
Man Group PLC Hedge fund	−119K −57.2%	89K	$3.3M
Wealthedge Investment Advisors, LLC	−35K −83.8%	6,785	$253,691
Vanguard Capital Management LLC Index funds	−33K −5.6%	551K	$20.6M
Millennium Management LLC Hedge fund	−29K −41.2%	41K	$1.5M
Citadel Advisors LLC Hedge fund	−28K Sold out	0	—
Mackenzie Financial Corp	−28K Sold out	0	—
HRT Financial LP	−22K Sold out	0	—
Jane Street Group, LLC	−16K Sold out	0	—
Vanguard Portfolio Management LLC Index funds	−14K −1.0%	1.3M	$48.7M
Adage Capital Partners Gp, L.L.C. Hedge fund	−12K −1.6%	723K	$27M
Franklin Resources Inc Active manager	−9,633 Sold out	0	—
Universal- Beteiligungs- Und Servicegesellschaft Mbh	−9,525 −22.6%	33K	$1.2M
Renaissance Technologies LLC Hedge fund	−9,400 −5.0%	177K	$6.6M
Quadrature Capital Ltd Hedge fund	−7,359 Sold out	0	—
Rhumbline Advisers Index funds	−4,642 −12.8%	32K	$1.2M
Lazard Asset Management LLC Active manager	−4,549 −13.8%	28K	$1.1M
Invesco Ltd.	−3,716 −2.3%	158K	$5.9M
Creative Planning	−3,637 −16.2%	19K	$702,697
Voya Investment Management LLC	−3,364 −14.4%	20K	$747,725

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Man Group PLC Hedge fund	−119K −57.2%	89K	$3.3M
Millennium Management LLC Hedge fund	−29K −41.2%	41K	$1.5M
Citadel Advisors LLC Hedge fund	−28K Sold out	0	—
Adage Capital Partners Gp, L.L.C. Hedge fund	−12K −1.6%	723K	$27M
Franklin Resources Inc Active manager	−9,633 Sold out	0	—
Renaissance Technologies LLC Hedge fund	−9,400 −5.0%	177K	$6.6M
Quadrature Capital Ltd Hedge fund	−7,359 Sold out	0	—
Lazard Asset Management LLC Active manager	−4,549 −13.8%	28K	$1.1M
Squarepoint Ops LLC Hedge fund	−391 −4.9%	7,511	$280,836
Los Angeles Capital Management LLC Active manager	−18 Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Dean Investment Associates, LLC	66K	$2.5M
Dean Capital Management	48K	$1.8M
Legato Capital Management LLC	25K	$934,526
Inceptionr LLC	23K	$861,765
Choate Investment Advisors	17K	$621,197
Y-Intercept (Hong Kong) Ltd	15K	$549,446
Xtx Topco Ltd	13K	$472,011
Sequoia Financial Advisors, LLC	11K	$425,274
Symmetry Partners, LLC	7,391	$276,349
Susquehanna International Group, LLP	7,255	$271,264

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Citadel Advisors LLCHedge fund	28K	$908,917
Mackenzie Financial Corp	28K	$908,102
HRT Financial LP	22K	$731,000
Jane Street Group, LLC	16K	$522,844
Franklin Resources IncActive manager	9,633	$313,843
Quadrature Capital LtdHedge fund	7,359	$239,756
Quadrant Capital Group LLC	2,510	$81,776
State Of Wyoming	2,152	$70,112
Twin Peaks Wealth Advisors, LLC	375	$12,218
Investors Portfolio Services LLC	50	$1,689

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 193
Ten largest holders: 69.4%
Index fund managers: 46.5%
Active managers and hedge funds: 24.5%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	9	10	1	4	−80K	−2.7%
Index fund managers	7	3	1	0	+194K	+3.7%
Other institutions	83	46	26	11	+267K	+8.6%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Saul Centers.

Only managers that filed a holdings report for both quarters are compared (204 here). 8 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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