Wolverine Trading, Llc ownership in EPR / EPR Properties

EPR Properties

US ˙ NYSE ˙ US26884U1097

Security	EPR / EPR Properties
Institution	Wolverine Trading, Llc
Latest Disclosed Ownership	0 shares
Latest Disclosed Value	$ 0

On November 14, 2025 - Wolverine Trading, Llc filed a 13F-HR form disclosing ownership of 0 shares of EPR Properties (US:EPR) valued at $0 USD as of September 30, 2025. The entity filed a previous 13F-HR on August 18, 2025 disclosing 8,179 shares of EPR Properties. This represents a change in shares of -100.00% during the quarter. The current value of the position is $0 USD.

Wolverine Trading, Llc has a history of taking positions in derivatives of the underlying security (EPR) in the form of stock options. The firm currently holds call options representing 28,400 of underlying shares valued at $1,631,296 USD and put options representing 6,200 of underlying shares valued at $356,128 USD .

Note: prior versions of this page mistakenly stated that the share values represented the number of options, not the number of underlying shares. For more information on the data backing these reports, please see the SEC document Frequently Asked Questions About Form 13F.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Institutional Put/Call Ratios

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In addition to reporting standard equity and debt issues, institutions with more than 100MM assets under management must also disclose their put and call option holdings. Since put options generally indicate negative sentiment, and call options indicate positive sentiment, we can get a sense of the overall institutional sentiment by plotting the ratio of puts to calls. The chart to the right plots the historical put/call ratio for this instrument.

Using Put/Call Ratio as an indicator of investor sentiment overcomes one of the key deficiencies of using total institutional ownership, which is that a significant amount of assets under management are invested passively to track indices. Passively-managed funds do not typically buy options, so the put/call ratio indicator more closely tracks the sentiment of actively-managed funds.

EPR / EPR Properties Historical Put/Call Ratio

Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2025-11-14	2025-09-30	13F	EPR PPTYS	COM SH BEN INT	26884U109	0	-8,179	-100.00	0	-100.00
2025-08-18	2025-06-30	13F	EPR PPTYS	COM SH BEN INT	26884U109	8,179	1,903	30.32	471	45.06	0.0005
2025-05-15	2025-03-31	13F	EPR PPTYS	COM SH BEN INT	26884U109	6,276	6,276		324		0.0004
2023-11-15	2023-09-30	13F	EPR PPTYS	COM SH BEN INT	26884U109	0	-5,044	-100.00	0	-100.00
2023-08-23	2023-06-30	13F	EPR PPTYS	COM SH BEN INT	26884U109	5,044	-6,054	-54.55	237		0.0003
2023-05-15	2023-03-31	13F	EPR PPTYS	COM SH BEN INT	26884U109	11,098	3,107	38.88	0	-100.00	0.0006
2023-02-14	2022-12-31	13F	EPR PPTYS	COM SH BEN INT	26884U109	7,991	7,991		301		0.0005
2022-08-15	2022-06-30	13F	EPR PPTYS	COM SH BEN INT	26884U109	0	-11,595	-100.00	0	-100.00
2022-05-16	2022-03-31	13F	EPR PPTYS	COM SH BEN INT	26884U109	11,595	-15,628	-57.41	636	-50.85	0.0008
2022-02-14	2021-12-31	13F	EPR PPTYS	COM SH BEN INT	26884U109	27,223	-836	-2.98	1,294	-7.90	0.0015
2021-11-12	2021-09-30	13F	EPR PPTYS	COM SH BEN INT	26884U109	28,059	-46,894	-62.56	1,405	-64.22	0.0016
2021-08-06	2021-06-30	13F	EPR PPTYS	COM SH BEN INT	26884U109	74,953	23,517	45.72	3,927	62.21	0.0061
2021-05-14	2021-03-31	13F	EPR PPTYS	COM SH BEN INT	26884U109	51,436	10,053	24.29	2,421	82.44	0.0036
2021-02-12	2020-12-31	13F	EPR PPTYS	COM SH BEN INT	26884U109	41,383	33,299	411.91	1,327	495.07	0.0021
2020-11-13	2020-09-30	13F	EPR PPTYS	COM SH BEN INT	26884U109	8,084	8,084		223		0.0005
2020-05-11	2020-03-31	13F	EPR PPTYS	COM SH BEN INT	26884U109	0	-3,158	-100.00	0	-100.00
2020-02-12	2019-12-31	13F	EPR PPTYS	COM SH BEN INT	26884U109	3,158	-4,009	-55.94	221	-59.74	0.0005
2019-11-14	2019-09-30	13F	EPR PPTYS	COM SH BEN INT	26884U109	7,167	207	2.97	549	-0.54	0.0016
2016-08-17	2016-06-30	13F/A-1	EPR PPTYS	COM SH BEN INT	26884U109	6,960	6,960		552		0.0031
2016-08-15	2016-06-30	13F	EPR PPTYS	COM SH BEN INT	26884U109	6,960			552

Disclosed Call Options

File Date	Effective Date	Form	Security	Class	Opt	Shares	ΔShares (%)	Value (x1000)	ΔValue (%)	Cost Basis (x1000)	Profit (x1000)	Return (%)
2025-11-14	2025-09-30	13F	EPR PPTYS	COM SH BEN INT	Call	28,400	44.90	1,631	44.72	n/a	n/a	n/a
2025-08-18	2025-06-30	13F	EPR PPTYS	COM SH BEN INT	Call	19,600	-0.51	1,128	10.71	n/a	n/a	n/a
2025-05-15	2025-03-31	13F	EPR PPTYS	COM SH BEN INT	Call	19,700	143.21	1,018	184.36	n/a	n/a	n/a
2025-02-14	2024-12-31	13F	EPR PPTYS	COM SH BEN INT	Call	8,100		358		n/a	n/a	n/a
2024-11-14	2024-09-30	13F	EPR PPTYS	COM SH BEN INT	Call	0	-100.00	0	-100.00	n/a	n/a	n/a
2024-08-14	2024-06-30	13F	EPR PPTYS	COM SH BEN INT	Call	14,600	-14.12	613	-15.12	n/a	n/a	n/a
2024-05-15	2024-03-31	13F	EPR PPTYS	COM SH BEN INT	Call	17,000		722		n/a	n/a	n/a
2024-02-14	2023-12-31	13F	EPR PPTYS	COM SH BEN INT	Call	0	-100.00	0	-100.00	n/a	n/a	n/a
2023-11-15	2023-09-30	13F	EPR PPTYS	COM SH BEN INT	Call	5,600	-47.17	233	-53.32	n/a	n/a	n/a
2023-08-23	2023-06-30	13F	EPR PPTYS	COM SH BEN INT	Call	10,600	-17.83	498		n/a	n/a	n/a
2023-05-15	2023-03-31	13F	EPR PPTYS	COM SH BEN INT	Call	12,900	86.96	0	-100.00	n/a	n/a	n/a
2023-02-14	2022-12-31	13F	EPR PPTYS	COM SH BEN INT	Call	6,900	9.52	260	17.12	n/a	n/a	n/a
2022-11-14	2022-09-30	13F	EPR PPTYS	COM SH BEN INT	Call	6,300	-32.26	222	-49.43	n/a	n/a	n/a
2022-08-15	2022-06-30	13F	EPR PPTYS	COM SH BEN INT	Call	9,300	-34.97	439	-44.01	n/a	n/a	n/a
2022-05-16	2022-03-31	13F	EPR PPTYS	COM SH BEN INT	Call	14,300	-86.21	784	-84.09	n/a	n/a	n/a
2022-02-14	2021-12-31	13F	EPR PPTYS	COM SH BEN INT	Call	103,700	-46.02	4,928	-48.78	n/a	n/a	n/a
2021-11-12	2021-09-30	13F	EPR PPTYS	COM SH BEN INT	Call	192,100	-21.88	9,622	-25.31	n/a	n/a	n/a
2021-08-06	2021-06-30	13F	EPR PPTYS	COM SH BEN INT	Call	245,900	-1.32	12,883	9.86	n/a	n/a	n/a
2021-05-14	2021-03-31	13F	EPR PPTYS	COM SH BEN INT	Call	249,200	23.31	11,727	81.00	n/a	n/a	n/a
2021-02-12	2020-12-31	13F	EPR PPTYS	COM SH BEN INT	Call	202,100	525.70	6,479	627.98	n/a	n/a	n/a
2020-11-13	2020-09-30	13F	EPR PPTYS	COM SH BEN INT	Call	32,300		890		n/a	n/a	n/a
2020-08-13	2020-06-30	13F	EPR PPTYS	COM SH BEN INT	Call	0	-100.00	0	-100.00	n/a	n/a	n/a
2020-05-11	2020-03-31	13F	EPR PPTYS	COM SH BEN INT	Call	16,900	74.23	429	-36.91	n/a	n/a	n/a
2020-02-12	2019-12-31	13F	EPR PPTYS	COM SH BEN INT	Call	9,700	162.16	680	140.28	n/a	n/a	n/a
2019-11-14	2019-09-30	13F	EPR PPTYS	COM SH BEN INT	Call	3,700		283		n/a	n/a	n/a
2018-11-14	2018-09-30	13F	EPR PPTYS	COM SH BEN INT	Call	0	-100.00	0	-100.00	n/a	n/a	n/a
2018-08-13	2018-06-30	13F	EPR PPTYS	COM SH BEN INT	Call	8,800	0.00	488	0.00	n/a	n/a	n/a
2018-05-15	2018-03-31	13F	EPR PPTYS	COM SH BEN INT	Call	8,800		488		n/a	n/a	n/a
2017-08-14	2017-06-30	13F	EPR PPTYS	COM SH BEN INT	Call	0	-100.00	0	-100.00	n/a	n/a	n/a
2017-05-15	2017-03-31	13F	EPR PPTYS	COM SH BEN INT	Call	3,200		235		n/a	n/a	n/a
2016-11-14	2016-09-30	13F	EPR PPTYS	COM SH BEN INT	Call	0	-100.00	0	-100.00	n/a	n/a	n/a
2016-08-15	2016-06-30	13F	EPR PPTYS	COM SH BEN INT	Call	11		87		n/a	n/a	n/a

Disclosed Put Options

File Date	Effective Date	Form	Security	Class	Opt	Shares	ΔShares (%)	Value (x1000)	ΔValue (%)	Cost Basis (x1000)	Profit (x1000)	Return (%)
2025-11-14	2025-09-30	13F	EPR PPTYS	COM SH BEN INT	Put	6,200	55.00	356	54.78	n/a	n/a	n/a
2025-08-18	2025-06-30	13F	EPR PPTYS	COM SH BEN INT	Put	4,000	-45.95	230	-39.79	n/a	n/a	n/a
2025-05-15	2025-03-31	13F	EPR PPTYS	COM SH BEN INT	Put	7,400	23.33	383	44.15	n/a	n/a	n/a
2025-02-14	2024-12-31	13F	EPR PPTYS	COM SH BEN INT	Put	6,000		265		n/a	n/a	n/a
2024-11-14	2024-09-30	13F	EPR PPTYS	COM SH BEN INT	Put	0	-100.00	0	-100.00	n/a	n/a	n/a
2024-08-14	2024-06-30	13F	EPR PPTYS	COM SH BEN INT	Put	8,500	-38.41	357	-39.15	n/a	n/a	n/a
2024-05-15	2024-03-31	13F	EPR PPTYS	COM SH BEN INT	Put	13,800		586		n/a	n/a	n/a
2024-02-14	2023-12-31	13F	EPR PPTYS	COM SH BEN INT	Put	0	-100.00	0	-100.00	n/a	n/a	n/a
2023-11-15	2023-09-30	13F	EPR PPTYS	COM SH BEN INT	Put	17,000	-27.66	706	-35.99	n/a	n/a	n/a
2023-08-23	2023-06-30	13F	EPR PPTYS	COM SH BEN INT	Put	23,500	-47.78	1,104	110,200.00	n/a	n/a	n/a
2023-05-15	2023-03-31	13F	EPR PPTYS	COM SH BEN INT	Put	45,000	62.45	2	-99.90	n/a	n/a	n/a
2023-02-14	2022-12-31	13F	EPR PPTYS	COM SH BEN INT	Put	27,700	44.27	1,045	54.59	n/a	n/a	n/a
2022-11-14	2022-09-30	13F	EPR PPTYS	COM SH BEN INT	Put	19,200	23.08	676	-8.28	n/a	n/a	n/a
2022-08-15	2022-06-30	13F	EPR PPTYS	COM SH BEN INT	Put	15,600	-25.36	737	-35.69	n/a	n/a	n/a
2022-05-16	2022-03-31	13F	EPR PPTYS	COM SH BEN INT	Put	20,900	-28.91	1,146	-17.97	n/a	n/a	n/a
2022-02-14	2021-12-31	13F	EPR PPTYS	COM SH BEN INT	Put	29,400	35.48	1,397	28.52	n/a	n/a	n/a
2021-11-12	2021-09-30	13F	EPR PPTYS	COM SH BEN INT	Put	21,700	-19.33	1,087	-22.85	n/a	n/a	n/a
2021-08-06	2021-06-30	13F	EPR PPTYS	COM SH BEN INT	Put	26,900	-36.71	1,409	-29.55	n/a	n/a	n/a
2021-05-14	2021-03-31	13F	EPR PPTYS	COM SH BEN INT	Put	42,500	-70.65	2,000	-56.92	n/a	n/a	n/a
2021-02-12	2020-12-31	13F	EPR PPTYS	COM SH BEN INT	Put	144,800	394.20	4,642	475.22	n/a	n/a	n/a
2020-11-13	2020-09-30	13F	EPR PPTYS	COM SH BEN INT	Put	29,300		807		n/a	n/a	n/a
2020-08-13	2020-06-30	13F	EPR PPTYS	COM SH BEN INT	Put	0	-100.00	0	-100.00	n/a	n/a	n/a
2020-05-11	2020-03-31	13F	EPR PPTYS	COM SH BEN INT	Put	14,500	-15.70	368	-69.49	n/a	n/a	n/a
2020-02-12	2019-12-31	13F	EPR PPTYS	COM SH BEN INT	Put	17,200	117.72	1,206	99.34	n/a	n/a	n/a
2019-11-14	2019-09-30	13F	EPR PPTYS	COM SH BEN INT	Put	7,900		605		n/a	n/a	n/a
2018-11-14	2018-09-30	13F	EPR PPTYS	COM SH BEN INT	Put	0	-100.00	0	-100.00	n/a	n/a	n/a
2018-08-13	2018-06-30	13F	EPR PPTYS	COM SH BEN INT	Put	6,900	0.00	382	0.00	n/a	n/a	n/a
2018-05-15	2018-03-31	13F	EPR PPTYS	COM SH BEN INT	Put	6,900		382		n/a	n/a	n/a
2017-08-14	2017-06-30	13F	EPR PPTYS	COM SH BEN INT	Put	0	-100.00	0	-100.00	n/a	n/a	n/a
2017-05-15	2017-03-31	13F	EPR PPTYS	COM SH BEN INT	Put	8,100	-12.90	594	-19.51	n/a	n/a	n/a
2016-08-17	2016-06-30	13F/A	EPR PPTYS	COM SH BEN INT	Put	9,300		738		n/a	n/a	n/a
2016-08-15	2016-06-30	13F	EPR PPTYS	COM SH BEN INT	Put	93		738		n/a	n/a	n/a

Legend

Shares: The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value: The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price: The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class: This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred

Allocation (%): The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation: The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%): The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis: The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss: This is the market value of the position as of the effective date minus the cost basis.