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Broadstone Net Lease
BNL

228 hedge funds and large institutions have $2.47B invested in Broadstone Net Lease in 2023 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 90 increasing their positions, 68 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

225% more call options, than puts

Call options by funds: $1.23M | Put options by funds: $377K

32% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 68

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

5% more capital invested

Capital invested by funds: $2.35B → $2.47B (+$125M)

6.2% less ownership

Funds ownership: 84.23% → 78.03% (-6.2%)

7% less funds holding

Funds holding: 246 → 228 (-18)

43% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 37

Holders
228
Holders Change
-18
Holders Change %
-7.32%
% of All Funds
3.63%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.08%
New
21
Increased
90
Reduced
68
Closed
37
Calls
$1.23M
Puts
$377K
Net Calls
+$850K
Net Calls Change
-$154K

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$35.3M
2
Millennium Management
Millennium Management
New York
+$19.5M
3
UBS AM
UBS AM
Illinois
+$19.1M
4
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
+$9.8M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$9.28M

Top Sellers

Rank Fund Capital Flow
1
UCFA
United Capital Financial Advisors
Texas
-$29.7M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$20M
3
LPC
Long Pond Capital
New York
-$11.9M
4
VLKIM
Van Lanschot Kempen Investment Management
Netherlands
-$9.8M
5
N
Nuveen
North Carolina
-$7.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
Prudential Financial
76
Prudential Financial
New Jersey
$2.23M +$7.84K +450 +0.3%
ERSOT
77
Employees Retirement System of Texas
Texas
$2.16M -$401K -23,000 -15%
SO
78
STRS Ohio
Ohio
$2.14M -$791K -45,426 -27%
ACM
79
Armbruster Capital Management
New York
$2.13M +$404K +23,199 +23%
CHA
80
Cooper/Haims Advisors
New York
$2.09M – – –
Teacher Retirement System of Texas
81
Teacher Retirement System of Texas
Texas
$1.94M +$753K +43,191 +61%
Amundi
82
Amundi
France
$1.93M +$301K +17,293 +18%
AI
83
Atria Investments
North Carolina
$1.92M +$1.97M +112,997 New
Two Sigma Advisers
84
Two Sigma Advisers
New York
$1.87M -$972K -55,800 -34%
Chevy Chase Trust
85
Chevy Chase Trust
Maryland
$1.71M – – –
Russell Investments Group
86
Russell Investments Group
United Kingdom
$1.69M +$671K +38,522 +63%
Mitsubishi UFJ Asset Management
87
Mitsubishi UFJ Asset Management
Japan
$1.69M +$175K +10,061 +11%
VRS
88
Virginia Retirement Systems
Virginia
$1.63M +$253K +14,500 +18%
MIM
89
MetLife Investment Management
New Jersey
$1.59M – – –
New York State Common Retirement Fund
90
New York State Common Retirement Fund
New York
$1.55M -$567K -32,516 -26%
SOADOR
91
State of Alaska Department of Revenue
Alaska
$1.52M +$44.7K +2,567 +3%
SIG
92
Sargent Investment Group
Maryland
$1.51M -$41.2K -2,365 -3%
Rockefeller Capital Management
93
Rockefeller Capital Management
New York
$1.49M -$11.3K -648 -0.7%
PDN
94
Pensionfund DSM Netherlands
Netherlands
$1.48M +$1.2M +69,000 +383%
T. Rowe Price Associates
95
T. Rowe Price Associates
Maryland
$1.47M +$51.3K +2,942 +4%
Holocene Advisors
96
Holocene Advisors
New York
$1.45M +$903K +51,851 +154%
AIG
97
American International Group
New York
$1.42M +$29K +1,664 +2%
Janus Henderson Group
98
Janus Henderson Group
United Kingdom
$1.38M +$896K +51,409 +173%
ACM
99
Advisors Capital Management
New Jersey
$1.37M -$14.8K -852 -1%
Royal Bank of Canada
100
Royal Bank of Canada
Ontario, Canada
$1.35M -$602K -34,570 -30%
2 3
4
5 6

BNL Hedge Fund Activity: Q1 2023 in Review

228 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Broadstone Net Lease (BNL) for Q1 2023, worth a combined $2.47B — up 5.3% from $2.35B a quarter earlier.

Sellers outnumbered buyers: 37 funds closed out of BNL and 21 opened new positions — a net loss of 16 holders — while 68 trimmed existing stakes and 90 added.

The largest buyer was Vanguard Group, adding an estimated $35.3M. The largest seller was United Capital Financial Advisors, cutting an estimated $29.7M.

  • 228 institutional investors held Broadstone Net Lease (BNL) as of Q1 2023, down from 246 in Q4 2022.
  • Funds reported $2.47B of Broadstone Net Lease stock for Q1 2023, up 5.3% quarter-over-quarter.
  • 21 funds opened new Broadstone Net Lease positions in Q1 2023 and 37 closed out, a net change of -16 holders.
  • The largest Broadstone Net Lease buyer in Q1 2023 was Vanguard Group, an estimated $35.3M added.
  • The largest Broadstone Net Lease seller in Q1 2023 was United Capital Financial Advisors, an estimated $29.7M sold.

Based on aggregated 13F filings for Q1 2023.