SCHEDULE: D. E. Shaw Discloses 4.6% Stake in Anywhere Real Estate

D. E. Shaw & Co., L.P. and David E. Shaw have disclosed a 4.6% beneficial ownership stake in Anywhere Real Estate Inc. as of September 30, 2025.

Summary

• D. E. Shaw & Co., L.P. and David E. Shaw collectively beneficially own 5,164,061 shares of Anywhere Real Estate Inc. Common Stock.
• This ownership represents 4.6% of the outstanding class of securities.
• The shares are held through various D. E. Shaw portfolios, including D. E. Shaw Galvanic Portfolios, L.L.C. (1,500,000 shares), D. E. Shaw Valence Portfolios, L.L.C. (1,495,456 shares), D. E. Shaw Oculus Portfolios, L.L.C. (640,611 shares), D. E. Shaw Composite Portfolios, L.L.C. (91,600 shares), and shares under the management of D. E. Shaw Investment Management, L.L.C. (1,436,394 shares).
• D. E. Shaw & Co., L.P. and David E. Shaw share voting power over 5,094,861 shares and shared dispositive power over 5,164,061 shares.
• David E. Shaw's beneficial ownership is indirect, stemming from his roles as President and sole shareholder of D. E. Shaw & Co., Inc. and D. E. Shaw & Co. II, Inc., which are general partners or managing members of the entities holding the shares.
• David E. Shaw disclaims beneficial ownership of the 5,164,061 shares.
• The filing certifies that the securities were not acquired or held for the purpose of changing or influencing the control of Anywhere Real Estate Inc.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain explicit positive or negative sentiment regarding the issuer's performance or prospects. The 4.6% stake is significant but below the 5% threshold, which could be interpreted neutrally or as a slight reduction from a previous higher holding.

Positives

• A prominent investment firm, D. E. Shaw, maintains a significant stake in Anywhere Real Estate Inc., potentially signaling confidence in the company's long-term prospects.

Negatives

• The disclosed stake of 4.6% is below the 5% threshold, indicating a potential reduction in holding or that the initial filing was for a higher percentage, which could be interpreted as a decrease in conviction or a portfolio rebalancing.

Risks

• The filing itself does not detail risks related to the issuer's business operations or financial health. It is a disclosure of ownership position.

Future Outlook

NA

Management Comments

• Daniel R. Marcus, Chief Compliance Officer for D. E. Shaw & Co., L.P., certified the information set forth in the statement.
• Daniel R. Marcus, as Attorney-in-Fact for David E. Shaw, certified the information set forth in the statement.

Industry Context

This filing indicates continued institutional interest in the real estate sector, specifically in Anywhere Real Estate Inc., by a major investment firm. The 4.6% stake suggests D. E. Shaw is a notable, but not controlling, shareholder.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor's stake can influence market perception and potentially provide a level of stability or scrutiny for the company's stock.
• Company Management: Awareness of a large institutional holder may influence strategic decisions, although D. E. Shaw has certified no intent to influence control.

Next Steps

• D. E. Shaw & Co., L.P. and David E. Shaw will continue to monitor their investment in Anywhere Real Estate Inc. and file further amendments to Schedule 13G if there are material changes to their beneficial ownership.

Key Dates

Keywords

Anywhere Real Estate Inc., D. E. Shaw & Co., Schedule 13G, Beneficial Ownership, Common Stock, Real Estate Investment, Institutional Investor, Shareholder Disclosure