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Broadstone Net Lease
BNL

331 hedge funds and large institutions have $2.8B invested in Broadstone Net Lease in 2025 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 117 increasing their positions, 121 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

237% more call options, than puts

Call options by funds: $4.37M | Put options by funds: $1.29M

39% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 31

10% more capital invested

Capital invested by funds: $2.54B → $2.8B (+$255M)

3% more funds holding

Funds holding: 321 → 331 (+10)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.93% less ownership

Funds ownership: 83.6% → 82.67% (-0.93%)

3% less repeat investments, than reductions

Existing positions increased: 117 | Existing positions reduced: 121

Holders
331
Holders Change
+10
Holders Change %
+3.12%
% of All Funds
4.34%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
43
Increased
117
Reduced
121
Closed
31
Calls
$4.37M
Puts
$1.29M
Net Calls
+$3.08M
Net Calls Change
+$76K

Top Buyers

1
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
+$36.6M
2
American Century Companies
American Century Companies
Missouri
+$22M
3
BlackRock
BlackRock
New York
+$21.2M
4
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
+$19.8M
5
ACM
AEW Capital Management
Massachusetts
+$19.3M

Top Sellers

1
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$71.2M
2
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$13M
3
Goldman Sachs
Goldman Sachs
New York
-$12M
4
UBS AM
UBS AM
Illinois
-$6.47M
5
MPM
Meritage Portfolio Management
Kansas
-$6.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
NICM
101
Neo Ivy Capital Management
New York
$2.84M +$2.73M +158,684 New
First Trust Advisors
102
First Trust Advisors
Illinois
$2.74M -$539K -31,352 -17%
GIM
103
Glenmede Investment Management
Pennsylvania
$2.61M +$2.52M +146,263 New
Wells Fargo
104
Wells Fargo
California
$2.61M +$90.2K +5,248 +4%
AA
105
Alesco Advisors
New York
$2.6M – – –
Pathstone Holdings
106
Pathstone Holdings
New Jersey
$2.57M -$162K -9,403 -6%
Mitsubishi UFJ Asset Management
107
Mitsubishi UFJ Asset Management
Japan
$2.53M +$92.9K +5,400 +4%
VI
108
Vestcor Inc
New Brunswick, Canada
$2.45M -$59.9K -3,483 -2%
QT
109
Quantbot Technologies
New York
$2.34M -$1.17M -68,110 -34%
MAM
110
Martingale Asset Management
Massachusetts
$2.32M -$1.27M -73,704 -36%
CIMLRA
111
CBRE Investment Management Listed Real Assets
Pennsylvania
$2.22M +$2.14M +124,459 New
VOYA Investment Management
112
VOYA Investment Management
Georgia
$2.19M -$479K -27,873 -19%
LA
113
LVW Advisors
New York
$2.18M -$67.1K -3,900 -3%
Commonwealth Equity Services
114
Commonwealth Equity Services
Massachusetts
$2.14M -$33.8K -1,968 -2%
State of New Jersey Common Pension Fund D
115
State of New Jersey Common Pension Fund D
New Jersey
$2.14M -$44.1K -2,566 -2%
MOS
116
MGO One Seven
Ohio
$2.12M +$5.92K +344 +0.3%
VRS
117
Virginia Retirement Systems
Virginia
$2.11M -$156K -9,100 -7%
MIM
118
MetLife Investment Management
New Jersey
$2.11M -$1.2K -70 -0.1%
AWM
119
Apollon Wealth Management
South Carolina
$2.11M -$238K -13,853 -11%
TF
120
Tompkins Financial
New York
$2.08M – – –
CIA
121
Concurrent Investment Advisors
Florida
$2.08M -$173K -10,041 -8%
Jacobs Levy Equity Management
122
Jacobs Levy Equity Management
New Jersey
$2.07M -$1.77M -103,183 -47%
Natixis Advisors
123
Natixis Advisors
Massachusetts
$1.97M +$1.17K +68 +0.1%
A
124
AlphaQuest
New York
$1.89M +$1.82M +106,022 New
Zurich Cantonal Bank
125
Zurich Cantonal Bank
Switzerland
$1.89M -$138 -8 -0%
3 4
5
6 7

BNL Hedge Fund Activity: Q3 2025 in Review

331 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Broadstone Net Lease (BNL) for Q3 2025, worth a combined $2.8B — up 10% from $2.54B a quarter earlier.

Buyers outnumbered sellers: 43 funds opened new BNL positions and 31 closed out — a net gain of 12 holders — while 117 added to existing stakes and 121 trimmed.

The largest buyer was Hudson Bay Capital Management, opening a new position worth an estimated $36.6M. The largest seller was Balyasny Asset Management, cutting an estimated $71.2M.

  • 331 institutional investors held Broadstone Net Lease (BNL) as of Q3 2025, up from 321 in Q2 2025.
  • Funds reported $2.8B of Broadstone Net Lease stock for Q3 2025, up 10% quarter-over-quarter.
  • 43 funds opened new Broadstone Net Lease positions in Q3 2025 and 31 closed out, a net change of +12 holders.
  • The largest Broadstone Net Lease buyer in Q3 2025 was Hudson Bay Capital Management, an estimated $36.6M added.
  • The largest Broadstone Net Lease seller in Q3 2025 was Balyasny Asset Management, an estimated $71.2M sold.

Based on aggregated 13F filings for Q3 2025.