Broadstone Net Lease
316 hedge funds and large institutions have $2.7B invested in Broadstone Net Lease in 2025 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 121 increasing their positions, 107 reducing their positions, and 25 closing their positions.
129% more call options, than puts
Call options by funds: $2.64M | Put options by funds: $1.15M
52% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 25
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
13% more repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 107
9% more capital invested
Capital invested by funds: $2.48B → $2.7B (+$221M)
4% more funds holding
Funds holding: 305 → 316 (+11)
0.95% more ownership
Funds ownership: 82.73% → 83.67% (+0.95%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
+$27.6M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$17.2M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$14.2M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$12.5M |
| 5 |
VLKIM
Van Lanschot Kempen Investment Management
Amsterdam,
Netherlands
|
+$11.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$41M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$36M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$11.2M |
| 4 |
BlackRock
New York
|
-$9.15M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$7.03M |
BNL Hedge Fund Activity: Q1 2025 in Review
316 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Broadstone Net Lease (BNL) for Q1 2025, worth a combined $2.7B — up 8.9% from $2.48B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new BNL positions and 25 closed out — a net gain of 13 holders — while 121 added to existing stakes and 107 trimmed.
The largest buyer was Heitman Real Estate Securities, opening a new position worth an estimated $27.6M. The largest seller was Massachusetts Financial Services, cutting an estimated $41M.
- 316 institutional investors held Broadstone Net Lease (BNL) as of Q1 2025, up from 305 in Q4 2024.
- Funds reported $2.7B of Broadstone Net Lease stock for Q1 2025, up 8.9% quarter-over-quarter.
- 38 funds opened new Broadstone Net Lease positions in Q1 2025 and 25 closed out, a net change of +13 holders.
- The largest Broadstone Net Lease buyer in Q1 2025 was Heitman Real Estate Securities, an estimated $27.6M added.
- The largest Broadstone Net Lease seller in Q1 2025 was Massachusetts Financial Services, an estimated $41M sold.
Based on aggregated 13F filings for Q1 2025.