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Broadstone Net Lease
BNL

278 hedge funds and large institutions have $2.68B invested in Broadstone Net Lease in 2023 Q4 according to their latest regulatory filings, with 49 funds opening new positions, 106 increasing their positions, 83 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

206% more call options, than puts

Call options by funds: $2.95M | Put options by funds: $962K

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

63% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 30

28% more repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 83

24% more capital invested

Capital invested by funds: $2.17B → $2.68B (+$510M)

6% more funds holding

Funds holding: 263 → 278 (+15)

2.13% more ownership

Funds ownership: 80.84% → 82.97% (+2.1%)

Holders
278
Holders Change
+15
Holders Change %
+5.7%
% of All Funds
4.05%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
49
Increased
106
Reduced
83
Closed
30
Calls
$2.95M
Puts
$962K
Net Calls
+$1.99M
Net Calls Change
+$1.29M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$21.2M
2
CIMLRA
CBRE Investment Management Listed Real Assets
Pennsylvania
+$18.8M
3
Millennium Management
Millennium Management
New York
+$17.5M
4
Morgan Stanley
Morgan Stanley
New York
+$15.6M
5
Cohen & Steers
Cohen & Steers
New York
+$10.6M

Top Sellers

Rank Fund Capital Flow
1
UCFA
United Capital Financial Advisors
Texas
-$55.6M
2
CIM
Centersquare Investment Management
Pennsylvania
-$34.9M
3
Prudential Financial
Prudential Financial
New Jersey
-$13.4M
4
RGREA
Ranger Global Real Estate Advisors
Colorado
-$11.4M
5
Goldman Sachs
Goldman Sachs
New York
-$6M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
76
Royal Bank of Canada
Ontario, Canada
$2.77M +$1.12M +72,299 +81%
AA
77
Alesco Advisors
New York
$2.67M -$73K -4,735 -3%
ETC
78
Exchange Traded Concepts
Oklahoma
$2.61M -$654K -42,416 -22%
Axa
79
Axa
France
$2.52M +$2.25M +146,145 New
VI
80
Vestcor Inc
New Brunswick, Canada
$2.51M -$357K -23,115 -14%
PDN
81
Pensionfund DSM Netherlands
Netherlands
$2.46M – – –
Thrivent Financial for Lutherans
82
Thrivent Financial for Lutherans
Minnesota
$2.46M +$1.69M +109,403 +329%
CNBT
83
Canandaigua National Bank & Trust
New York
$2.38M – – –
HR
84
Howe & Rusling
New York
$2.2M +$1.71K +111 +0.1%
LA
85
LVW Advisors
New York
$2.19M – – –
Deutsche Bank
86
Deutsche Bank
Germany
$2.13M -$8.21K -532 -0.4%
SG Americas Securities
87
SG Americas Securities
New York
$2.07M +$973K +63,056 +110%
TF
88
Tompkins Financial
New York
$2M – – –
Mitsubishi UFJ Asset Management
89
Mitsubishi UFJ Asset Management
Japan
$1.95M +$80.6K +5,222 +5%
BFM
90
Boothbay Fund Management
New York
$1.89M -$5.66K -367 -0.3%
Amundi
91
Amundi
France
$1.89M -$288K -18,690 -15%
WBC
92
Westpac Banking Corp
Australia
$1.88M +$60.4K +3,913 +4%
Holocene Advisors
93
Holocene Advisors
New York
$1.86M +$74.9K +4,853 +5%
Russell Investments Group
94
Russell Investments Group
United Kingdom
$1.82M +$6.03K +391 +0.4%
Citigroup
95
Citigroup
New York
$1.8M +$473K +30,692 +42%
ACM
96
Armbruster Capital Management
New York
$1.79M – – –
T. Rowe Price Associates
97
T. Rowe Price Associates
Maryland
$1.79M +$61.4K +3,978 +4%
Chevy Chase Trust
98
Chevy Chase Trust
Maryland
$1.73M – – –
MIM
99
MetLife Investment Management
New Jersey
$1.71M – – –
Commonwealth Equity Services
100
Commonwealth Equity Services
Massachusetts
$1.66M -$51.9K -3,366 -3%
2 3
4
5 6

BNL Hedge Fund Activity: Q4 2023 in Review

278 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Broadstone Net Lease (BNL) for Q4 2023, worth a combined $2.68B — up 24% from $2.17B a quarter earlier.

Buyers outnumbered sellers: 49 funds opened new BNL positions and 30 closed out — a net gain of 19 holders — while 106 added to existing stakes and 83 trimmed.

The largest buyer was BlackRock, adding an estimated $21.2M. The largest seller was United Capital Financial Advisors, cutting an estimated $55.6M.

  • 278 institutional investors held Broadstone Net Lease (BNL) as of Q4 2023, up from 263 in Q3 2023.
  • Funds reported $2.68B of Broadstone Net Lease stock for Q4 2023, up 24% quarter-over-quarter.
  • 49 funds opened new Broadstone Net Lease positions in Q4 2023 and 30 closed out, a net change of +19 holders.
  • The largest Broadstone Net Lease buyer in Q4 2023 was BlackRock, an estimated $21.2M added.
  • The largest Broadstone Net Lease seller in Q4 2023 was United Capital Financial Advisors, an estimated $55.6M sold.

Based on aggregated 13F filings for Q4 2023.